scholarly journals Tax Risk Assessment and Assurance Reform in Response to the Digitalised Economy

2020 ◽  
Vol 8 (4) ◽  
pp. 96-126
Author(s):  
Helena Strauss ◽  
Tyson Fawcett ◽  
Danie Schutte
Keyword(s):  
Risk Management ◽  
Value Creation ◽  
Developing Economies ◽  
Economic Value ◽  
National Literature ◽  
Digital Platforms ◽  
Tax Fraud ◽  
Two Phases ◽  
Cross National

The digitalisation of the economy has increased tax administrations’ traditional tax risks and introduced new tax non-compliance risks, such as the use of income suppression software and tax fraud associated with the use of alternative payment methods, such as cryptocurrencies. This study focuses on the global reform that took place among tax authorities from a tax risk management and assurance perspective. The study was executed in two phases, including a cross-national literature review to synthesise international reform regarding tax risk management and assurance in response to the digitalisation of the economy. This process was followed by interviews with risk, technology and data experts of 30 global tax authorities in order to evaluate the level of implementation of the global reform measures identified in the first research phase. The research results suggest an imbalance in reform among participants from developed and developing economies. An inability to optimise tax risk and assurance management within the digitalised economy will negatively impact the tax authorities’ ability to maximise tax collection within the digitalised economy. This is especially concerning if the significant role of digital platforms on future global economic value creation is considered.

scholarly journals From Culture 1.0 to Culture 3.0: Three Socio-Technical Regimes of Social and Economic Value Creation through Culture, and Their Impact on European Cohesion Policies

2018 ◽  
Vol 10 (11) ◽  
pp. 3923 ◽  
Author(s):  
Pier Sacco ◽  
Guido Ferilli ◽  
Giorgio Tavano Blessi
Keyword(s):  
Cultural Production ◽  
Value Creation ◽  
Cultural Policy ◽  
Policy Design ◽  
Economic Value ◽  
Cultural Participation ◽  
Social Value Creation ◽  
Open Question ◽  
The Relationship

We develop a new conceptual framework to analyze the evolution of the relationship between cultural production and different forms of economic and social value creation in terms of three alternative socio-technical regimes that have emerged over time. We show how, with the emergence of the Culture 3.0 regime characterized by novel forms of active cultural participation, where the distinction between producers and users of cultural and creative contents is increasingly blurred, new channels of social and economic value creation through cultural participation acquire increasing importance. We characterize them through an eight-tier classification, and argue on this basis why cultural policy is going to acquire a central role in the policy design approaches of the future. Whether Europe will play the role of a strategic leader in this scenario in the context of future cohesion policies is an open question.

Pierre Bourdieu’s Sociology of Education

2018 ◽  
Author(s):  
Elliot B. Weininger ◽  
Annette Lareau
Keyword(s):  
Social Reproduction ◽  
Early Period ◽  
Sociology Of Education ◽  
Downward Mobility ◽  
Self Selection ◽  
Real Risk ◽  
Two Phases ◽  
Social Rewards ◽  
Cross National

Decades after the publication of his key works, Pierre Bourdieu’s sociology of education remains the object of persistent misunderstanding. A coherent account of this work must distinguish, at minimum, two phases to Bourdieu’s thoughts on education. During the early period, Bourdieu asserted the salience of both self-selection and institutional selection in shunting students into class destinations that echoed their class origins. However, these works were uniformly devoted to identifying the peculiarities of the (then) contemporary French system, considered to be an exemplar of a distinct (“traditionalistic”) institutional form. In contrast, Bourdieu’s later work sought to develop a model of the relation between education and social inequality that had significant cross-national scope. This work de-emphasized the role of self-selection, and developed a substantially more nuanced account of the relation between education and social mobility. What Bourdieu terms the “scholastic mode of reproduction” in this period denotes a system in which children from the upper reaches of the class structure are systematically advantaged in the pursuit of social rewards by virtue of their inherited cultural capital, yet nevertheless face a real risk of downward mobility. For this reason, we term it a theory of “imperfect social reproduction.”

Fake friends: The illusionist revision of Western urbanology at the time of platform capitalism

Urban Studies ◽  
2019 ◽  
Vol 57 (5) ◽  
pp. 1105-1117 ◽  
Author(s):  
Ugo Rossi
Keyword(s):  
Economic Development ◽  
Value Creation ◽  
Economic Value ◽  
Original Formulation ◽  
Liberal Democracies ◽  
Close Relationship ◽  
Development Processes ◽  
The Creation ◽  
Policy Proposals

It is generally assumed that the so-called populist explosion that has swept across liberal democracies since 2016 has led to a crisis of neoliberal reason in its original formulation. Owing to the close relationship between cities and neoliberalism, the crisis of neoliberal rationality has significantly impacted what is defined here ‘Western urbanology’. This definition brings together influential apologists of the urban age and its entrepreneurialist potential, starting with Richard Florida and Edward Glaeser. In recent times, these authors have started revisiting their conceptions and related policy proposals, in response to the growing sense of dissatisfaction with mainstream theorisations of economic development that has been associated with the populist explosion of 2016. However, this article shows how their revisions are minimal, and fundamentally illusory, as these authors have glossed over the very foundations of capitalist societies, drawing a veil over the issue of economic-value creation within contemporary platform urbanism. After having critically assessed the trajectory of Western urbanology, the article concludes by arguing that a substantial revision of the role of contemporary urbanism in economic development processes would require interrogating the creation and capture of economic value in today’s capitalist societies.

scholarly journals NETWORKED ECONOMIC VALUE CREATION IN EVENT TOURISM, AN EXPLORATORY STUDY OF TOWNS AND SMALLER CITIES IN THE UK

2020 ◽  
Author(s):  
Mark Norman ◽  
Nana Nyarko
Keyword(s):  
Local Government ◽  
Value Creation ◽  
Economic Value ◽  
Local Networks ◽  
Business Model Canvas ◽  
Wide Range ◽  
Event Tourism ◽  
The Uk ◽  
Survey Responses

This study explores the role of networks in generating economic value for event tourism in towns and smaller cities in the UK. While networks have been shown to create a wide range of value, research in this context is limited and little is understood of if or how economic value is generated. The lens used in this study was the value creating side of the business model canvas with local government organisations as the focal node examining the flow of economic value from partners, activities and resources. There were survey responses from 112 different town and city organisations across the UK. The study found that only the ‘activities’ element of the network contributed significantly to creating economic value in an event tourism context. The network components of ‘partners’ and ‘resources’ were not on their own significant to the creation of economic value. The outcomes of this paper suggest that practitioners in towns and cities should strategise their engagement with local networks through a formal event tourism strategy that clearly defines how they operationalise engagement activities within that network in order the facilitate economic value creation. In addition, the paper raises questions around what resources are needed at the focal node (local government organisations) in order to maximise the economic value created by the network.

scholarly journals Social value creation by multinational enterprises

2019 ◽  
Vol 16 (1) ◽  
pp. 47-75 ◽  
Author(s):  
Asmund Rygh
Keyword(s):  
Value Creation ◽  
Multinational Enterprises ◽  
Economic Value ◽  
Theory Development ◽  
Social Value ◽  
Content Type ◽  
Financial Outcomes ◽  
The Social ◽  
Social Value Creation

Purpose This study aims to discuss an argument that the social value creation of multinational enterprises (MNEs), beyond creating economic value for the shareholders, could be the next “big question” for international business (IB) research. The authors also provide examples of promising research topics associated with this research agenda. Design/methodology/approach The paper is conceptual. Findings Although a new paradigmatic question for IB in terms of social value creation would lead IB outside familiar territory in terms of the previous focus on financial performance, IB scholars are well equipped to take on this broader question. IB scholars arguably have their key strengths in understanding the inner workings of firms, as well as in understanding the role of context for business. Moreover, to the extent that this new agenda requires IB scholars to acquire new capabilities and form new partnerships with relevant disciplines, this could contribute to revitalising the IB field. As illustrated by the suggested topics, such an agenda could both increase the relevance of IB research and contribute to theory development. Originality/value The paper is amongst the first to explore the notion that a broader view of the outcome of MNE activities, beyond MNEs’ own financial outcomes, should be a key goal of future IB research.

The Role of ICT in Supporting Transnational Diaspora Entrepreneurship

2013 ◽  
pp. 148-164 ◽  
Author(s):  
Leona Achtenhagen ◽  
Bengt Henoch ◽  
Quang Luong
Keyword(s):  
Developing Countries ◽  
Value Creation ◽  
Economic Value ◽  
Host Countries ◽  
Vital Part ◽  
The World ◽  
Relevant Context ◽  
Migrant Entrepreneurs ◽  
Entrepreneurial Activities

Millions of people around the world live in other countries than their countries of origin. In many developing countries, remittances sent home by migrants are a vital part of the economy. Transnational entrepreneurial activities by migrant entrepreneurs, also called diaspora entrepreneurs, involving resources from both the home and the host countries, can contribute to socio-economic value creation of both countries. ICT solutions can play an important role in facilitating and supporting such entrepreneurial activities. This chapter outlines the relevant context of migration, remittances, transnational diaspora entrepreneurship, and innovation systems, and discusses prerequisites and challenges of such ICT solutions.

scholarly journals Developing a Business Ecosystem around Autonomous Vehicle Infrastructure in Indiana

2020 ◽  
Author(s):  
Ananth V. Iyer ◽  
Steven R. Dunlop ◽  
Anmol Guram Singh ◽  
Mihir Bhatia ◽  
Sazzadur Rahman
Keyword(s):  
Value Creation ◽  
Autonomous Vehicles ◽  
New Technology ◽  
Phase 1 ◽  
Autonomous Vehicle ◽  
Economic Value ◽  
Risk Tolerance ◽  
Phase 2 ◽  
Business Ecosystem ◽  
Two Phases

INDOT will soon be embarking on infrastructure planning to accommodate autonomous vehicles. This new technology affords the ability to impact economic value creation across the supply chain in Indiana, as well as foster economic development in Indiana to support these emerging technologies. This proposal will be a first cut towards exploring the development of a strategy to realize this potential. Our proposal will consist of two phases. Phase 1: A focus on industry choices and plans that can inform INDOT choices. Phase 2: A focus on INDOT’s internal decision making, risk tolerance, and choices regarding infrastructure projects.

scholarly journals The Role of ICT in Supporting Transnational Diaspora Entrepreneurship

Economics ◽  
2015 ◽  
pp. 1442-1459
Author(s):  
Leona Achtenhagen ◽  
Bengt Henoch ◽  
Quang Luong
Keyword(s):  
Developing Countries ◽  
Value Creation ◽  
Economic Value ◽  
Host Countries ◽  
Vital Part ◽  
The World ◽  
Relevant Context ◽  
Migrant Entrepreneurs ◽  
Entrepreneurial Activities

Millions of people around the world live in other countries than their countries of origin. In many developing countries, remittances sent home by migrants are a vital part of the economy. Transnational entrepreneurial activities by migrant entrepreneurs, also called diaspora entrepreneurs, involving resources from both the home and the host countries, can contribute to socio-economic value creation of both countries. ICT solutions can play an important role in facilitating and supporting such entrepreneurial activities. This chapter outlines the relevant context of migration, remittances, transnational diaspora entrepreneurship, and innovation systems, and discusses prerequisites and challenges of such ICT solutions.

Reassessing the Impact of Risk Management Capabilities on Firm Value: A Stakeholders Perspective

2020 ◽  
Vol 6 (2) ◽  
pp. 81
Author(s):  
Asad Khan ◽  
Muhammad Ibrahim Khan ◽  
Niaz Ahmed Bhutto
Keyword(s):  
Risk Management ◽  
Value Creation ◽  
Firm Value ◽  
Positive Impact ◽  
Financial Firms ◽  
Management Capability ◽  
Time Period ◽  
Management Capabilities ◽  
The Impact

Despite the pivotal role of risk management very limited research is carry out on the issue of firm’s risk management capability and value creation. This study aims to analyze the impact of firms risk management capabilities on firm performance and cost. Using panel data technique a sample of 301 non financial firms was analyzed for the time period on five years starting from 2011 to 2015. We assert that effective risk capabilities have positive impact on all stakeholders. The effective risk management capabilities guarantee more resilience to exogenous and endogenous risks. Our findings will have a significant impact on existing literature, by extending the existing knowledge of firm’s risk management capabilities into the domain of diverse stakeholders and resources adjustment.

scholarly journals Financial Inclusion for SMEs: Role of Digital Micro-financial Services

2019 ◽  
Vol 5 (3) ◽  
pp. 429-439 ◽  
Author(s):  
Rabia Rasheed ◽  
Sulaman Hafeez Siddiqui ◽  
Iqbal Mahmood ◽  
Sajjad Nawaz Khan
Keyword(s):  
Economic Growth ◽  
Financial Services ◽  
Poverty Reduction ◽  
Developing Economies ◽  
Secondary Data ◽  
Product Portfolio ◽  
Access To Finance ◽  
Digital Platforms ◽  
The Cost

SMEs paly major role in poverty reduction and employment generation, therefore experts considered this sector as engine of economic growth. However, access to finance in developing countries is one of major issue in development of SME sector as well as hurdle in economic growth. Financial institutions banking and non-banking shows reluctant behaviour in providing financing to SMEs and the issue is more severe in emerging economies. Bank financing has been found as main source of funds for SMEs in Pakistan, however, to obtain these funds not easy for small and medium firms. Recently digital micro financial services have been introduced by a number of micro finance banks.  Current study examines the role of digital micro financial services in enhancing SMEs’ access to finance and thereby enabling a more inclusive financial market for SMEs especially in context of emerging and developing economies. By digging out the existing literature and secondary data, the study discusses that digital financial services have greatly helped owner managers of SMEs in smooth management of their transactions and finances. The study concludes that to strengthen SME sector for economic growth, it is important to further reduce the cost of using digital financial services and increase the financial product portfolio on digital platforms.

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