Use of Corporate Disclosures to Identify the Stage of Blockchain Adoption

2021 ◽  
Author(s):  
Theophanis C. Stratopoulos ◽  
Victor Wang ◽  
Hua (Jonathan) Ye
Keyword(s):  
Information Sources ◽  
Early Stage ◽  
Wide Spectrum ◽  
New Technology ◽  
Business Community ◽  
Corporate Disclosure ◽  
Web Searches ◽  
Business Applications ◽  
Current Stage ◽  
Corporate Disclosures

Several studies have pointed to the transformative effects of blockchain on a wide spectrum of firms, in-dustries, and professions. Despite the arguable consensus within the business community that blockchain will have a real impact on the way firms do business, views diverge when it comes to the timing of diffu-sion (i.e., when will blockchain achieve mass adoption). In this study, we propose that information gather-ing helps potential adopters form expectations regarding payoffs from blockchain adoption. Therefore, information gathering activities and the resulting information sources, such as web searches, news arti-cles, book titles, and corporate disclosures, can proxy the expectations of potential adopters. In particular, corporate disclosures directly reflect firms' expectations and interests in the new technology. We leverage the corporate disclosure data from the SEC Edgar database to identify the current stage of blockchain adoption. Our analysis shows that while blockchain adoption is still at its early stage, the focus has been shifting from cryptocurrencies to business applications.

Determinants of Export Oriented Entrepreneurs from Southeast Europe Region

2018 ◽  
Vol 56 (4) ◽  
pp. 439-452
Author(s):  
Bojan Leković ◽  
Miodrag Petrović ◽  
Nemanja Berber
Keyword(s):  
Early Stage ◽  
New Technology ◽  
Geographical Area ◽  
Southeast Europe ◽  
Social Phenomena ◽  
East Europe ◽  
Individual Level ◽  
International Orientation ◽  
Entrepreneurial Behaviour ◽  
South East Europe

Abstract The subject of this research represents analysis of internationalisation activity of early-stage entrepreneurs in South East Europe region (SEE). The goal of this study is to determine characteristics of export oriented entrepreneurs from SEE region through the study of factors influencing international orientation. Geographical area of this research consists of countries from the South East Europe region. The research sample was formed on the basis of GEM - Global Individual Level Data, covering six countries (Slovenia, Croatia, Hungary, Romania, Bosnia and Herzegovina, and FYR of Macedonia), 12027 respondents of which 645 export-oriented entrepreneurs were identified. Collected data are processed using the software package for statistical analysis. With the help of Ordinal Logistic regression, significant influence of individual factors on the international orientation of entrepreneurs was identified. Research results showed that entrepreneurial motives, entrepreneurial KSA’s, innovation and new technology have a positive relationship with internationalization activity. One of the significant limitations of this paper is the lower Nagelkerk coefficient, which is characteristic for social phenomena. Bearing in mind the fact that this research trying to explain entrepreneurial behaviour, lower coefficients can be very meaningfull.

Developing trust through stewardship

2019 ◽  
Vol 20 (1) ◽  
pp. 11-39 ◽  
Author(s):  
John Dumay ◽  
Matteo La Torre ◽  
Federica Farneti
Keyword(s):  
Agency Theory ◽  
Positive Impact ◽  
Stewardship Theory ◽  
Extended Model ◽  
Corporate Disclosure ◽  
Integrated Reporting ◽  
Content Type ◽  
Eu Directive ◽  
Management Behaviour ◽  
Corporate Disclosures

Purpose This paper examines the gap between reporting and managers’ behaviour to challenge the current theoretical underpinnings of intellectual capital (IC) disclosure practice and research. The authors explore how the key features from IC and integrated reporting can be combined to develop an extended model for companies to comply with EU Directive 2014/95/EU and increase trust in corporate disclosures and reports. Design/methodology/approach This essay relies on academic literature and examples from practice to critique the theories that explain corporate disclosure and reporting but do not change management behaviour. Based on this critique, the authors argue for a change in the fundamental theories of stewardship to frame a new concept for corporate disclosure incorporating using a multi-capitals framework. Findings We argue that, while the inconsistency between organisations’ reporting and behaviour persists, increasing, renewing or extending the information disclosed is not enough to instil trust in corporations. Stewardship over a company’s resources is necessary for increasing trust. The unanticipated consequences of dishonest behaviour by managers and shareholders compels a new application of stewardship theory that works as an overarching guide for managerial behaviour and disclosure. Emanating from this new model is a realisation that managers must abandon agency theory in practice, and specifically the bonus contract. Research limitations/implications We call for future empirical research to explore the role of stewardship theory within the dynamics of corporate disclosure using the approach. The research implications of those studies should incorporate the potential impacts on management behaviours within a stewardship framework and how those actions, and their outcomes, are disclosed for rebuilding public trust in business. Practical implications The implications for integrated reporting and reports complying with the new EU Directive are profound. Both instruments rely on agency theory to coax managers into reducing information asymmetry by disclosing more. However, agency theory only re-affirms the power managers have over corporate information. It does not change their behaviour, nor to act in the interest of all stakeholders as the stewards of an organisation’s resources. Social implications We advocate that, in business education, greater emphasis is needed on how stewardship has a more positive impact on management behaviour than agency, legitimacy and stakeholder theories. Originality/value We reflect on the current and compelling issues permeating the international landscape of corporate reporting and disclosure and explain why current theories which explain corporate disclosures do not change behaviour or engender trust in business and offer an alternative disclosure model based on stewardship theory.

scholarly journals Surgical Approach to Anorectal Melanoma with PET-CT Staging: A Case Report

2017 ◽  
Vol 03 (04) ◽  
pp. e177-e180 ◽  
Author(s):  
Nilufer Bulut ◽  
Sevinc Dagıstanlı ◽  
Burcak Yılmaz ◽  
O. Atay
Keyword(s):  
Surgical Approach ◽  
Early Stage ◽  
Wide Spectrum ◽  
Surgical Approaches ◽  
Histopathological Diagnosis ◽  
Imaging Method ◽  
Medical Treatments ◽  
Good Imaging ◽  
Rectal Melanoma ◽  
Pet Ct

AbstractRectal hemorrhage should be evaluated within a wide spectrum ranging from benign diseases to a malignant process. Especially, the melanomas of rectum are detected at an advanced stage when diagnosed since the present symptoms of rectal melanomas are similar. The question of what will be the surgical approach with MR, CT, and PET-CT imaging methods performed after histopathological diagnosis still conserves its topicality. PET-CT is a good imaging method for determination of distant metastasis and lymphatic involvement. In the present case, a patient with early-stage rectal melanoma was treated with APR. No relapse/metastasis was detected during the 18-month follow-up. The aggressive course of the disease and its low response rates to medical treatments may cause the surgical approaches to be more extensive.

scholarly journals Association between Perceived Trusted of COVID-19 Information Sources and Mental Health during the Early Stage of the Pandemic in Bangladesh

Healthcare ◽  
2021 ◽  
Vol 10 (1) ◽  
pp. 24
Author(s):  
Muhammad Mainuddin Patwary ◽  
Mondira Bardhan ◽  
Matthew H. E. M. Browning ◽  
Asma Safia Disha ◽  
Md. Zahidul Haque ◽  
...  
Keyword(s):  
Mental Health ◽  
Social Media ◽  
Media Coverage ◽  
Information Sources ◽  
Early Stage ◽  
Self Report ◽  
Sources Of Information ◽  
Traditional Media ◽  
Mediation Analyses ◽  
Perceived Trust

Unverified information concerning COVID-19 can affect mental health. Understanding perceived trust in information sources and associated mental health outcomes during the COVID-19 pandemic is vital to ensure ongoing media coverage of the crisis does not exacerbate mental health impacts. A number of studies have been conducted in other parts of the world to determine associations between information exposure relating to COVID-19 and mental health. However, the mechanism by which trust in information sources may affect mental health is not fully explained in the developing country context. To address this issue, the present study examined associations between perceived trust in three sources of information concerning COVID-19 and anxiety/stress with the mediating effects of COVID-19 stress in Bangladesh. An online cross-sectional study was conducted with 744 Bangladeshi adults between 17 April and 1 May 2020. Perceived trust in traditional, social, and health media for COVID-19 information, demographics, frontline service status, COVID-19-related stressors, anxiety (GAD-7), and stress (PSS-4) were assessed via self-report. Linear regression tested for associations between perceived trust and mental health. Mediation analyses investigated whether COVID-19-related stressors affected perceived trust and mental health associations. In fully adjusted models, more trust in social media was associated with more anxiety (B = 0.03, CI = 0.27–0.97) and stress (B = 0.01, CI = −0.34–0.47), while more trust in traditional media was associated with more anxiety (B = 0.09, CI = 0.17–2.26) but less stress (B = −0.08, CI = −0.89–0.03). Mediation analyses showed that COVID-19-related stressors partially explained associations between perceived trust and anxiety. These findings suggest that trusting social media to provide accurate COVID-19 information may exacerbate poor mental health. These findings also indicate that trusting traditional media (i.e., television, radio, and the newspaper) may have stress-buffering effects. We recommend that responsible authorities call attention to concerns about the trustworthiness of social media as well as broadcast positive and authentic news in traditional media outcomes based on these results.

Technology-Driven Convergence of Business Processes in the Acquisition Cycle: Implications for Accountants and Educators

2011 ◽  
Vol 8 (1) ◽  
pp. 65-87
Author(s):  
Richard J. Palmer ◽  
Mahendra R. Gupta
Keyword(s):  
Business Processes ◽  
New Technology ◽  
Organizational Structures ◽  
Regulatory Compliance ◽  
Accounting Education ◽  
Student Preparation ◽  
Business Applications ◽  
And Control ◽  
The Impact ◽  
Acquisition Cycle

ABSTRACT Organizations have sought competitive cost advantage in the acquisition cycle through software associated with e-procurement, expense management, payment technology, data mining, ERP “bolt-ons,” and regulatory compliance. The net effect of advancing technology has been a convergence of the different business processes operating within the acquisition cycle such that the potential exists for one basic procurement process and payment tool to support multiple business applications, greatly improving organizational efficiency. Thus, this paper examines (1) processes within the traditional acquisition cycle and the technological and control drivers that sustain them, (2) how emerging technologies (in particular, card-based payment technologies) are disrupting the acquisition cycle, and (3) how new technology represents a paradigm shift for accountants and educators that requires a significant reconsideration of the nature of and balance between key controls, risks, and efficiency. The paper also examines the impact of acquisition cycle change on organizational structures, the role of accountants, accounting education, and student preparation for the competitive market.

FinTech and Its Disruption to Financial Institutions

2019 ◽  
pp. 104-124 ◽  
Author(s):  
Chen Liu
Keyword(s):  
Financial Institutions ◽  
New Technology ◽  
Financial System ◽  
The People ◽  
Technology Advancement ◽  
Current Stage

This chapter studies how FinTech is transforming traditional financial institutions (FIs). This chapter achieves the four related goals. First, it discusses the current stage of FinTech development in different areas such as crowdfunding, payment, blockchain, and cryptocurrency. Second, it examines how each FinTech development affects traditional FIs, in both positive and negative ways. Third, it explores how FIs are currently managing FinTech innovations. It also suggests ways through which these institutions could best utilize FinTech to better serve their customers and eventually optimize the overall financial system. Finally, following the book's focus on man's role at the center of technology advancement, this chapter discusses whether FIs' customers' needs are still placed at the center of FIs' incentives to adapt new technology, and if not, how can we focus back to the people that the financial system ultimately serves.

FinTech and Its Disruption to Financial Institutions

2021 ◽  
pp. 1679-1699
Author(s):  
Chen Liu
Keyword(s):  
Financial Institutions ◽  
New Technology ◽  
Financial System ◽  
The People ◽  
Technology Advancement ◽  
Current Stage

This chapter studies how FinTech is transforming traditional financial institutions (FIs). This chapter achieves the four related goals. First, it discusses the current stage of FinTech development in different areas such as crowdfunding, payment, blockchain, and cryptocurrency. Second, it examines how each FinTech development affects traditional FIs, in both positive and negative ways. Third, it explores how FIs are currently managing FinTech innovations. It also suggests ways through which these institutions could best utilize FinTech to better serve their customers and eventually optimize the overall financial system. Finally, following the book's focus on man's role at the center of technology advancement, this chapter discusses whether FIs' customers' needs are still placed at the center of FIs' incentives to adapt new technology, and if not, how can we focus back to the people that the financial system ultimately serves.

Corporate disclosure and foreign share ownership: empirical evidence from African countries

2015 ◽  
Vol 57 (5) ◽  
pp. 417-444
Author(s):  
Godfred A. Bokpin ◽  
Zangina Isshaq ◽  
Eunice Stella Nyarko
Keyword(s):  
Financial Reporting ◽  
Corporate Disclosure ◽  
Statistical Relation ◽  
African Countries ◽  
Content Type ◽  
Listed Firms ◽  
Share Ownership ◽  
Using Data ◽  
The Impact ◽  
Corporate Disclosures

Purpose – The study aims to seeks to ascertain the impact of corporate disclosure on foreign equity ownership. Corporate disclosures are important to for stock markets because it is an activity that mitigates information differences between company insiders and outsiders. Design/methodology/approach – Corporate disclosures assume an even greater important when company outsiders are not domiciled in the same country as the company and the company insiders. In this study, the relation between foreign share ownership and corporate disclosures using data on Ghana, Kenya and Nigeria is examined. Findings – The consistent results in this study are that foreign share ownership is positively related to firm size. A negative relation, however, between foreign share ownership and corporate disclosure is found, but this turns out to be related to disclosures about ownership, while disclosures on financial reporting and board management have a positive and insignificant statistical relation taking into account unobserved country, time and firm effects. Further analysis shows that corporate disclosures are very persistent and negatively related to lag foreign share ownership. No consistent statistical relation is found between disclosure and market-to-book values as a proxy for investment opportunities. It is recommended to African-listed firms to pursue adoption of high-quality financial reporting standards and to increase their reporting on board management. The study also recommends that the African Government weighs the benefits of detailed ownership disclosures. Originality/value – The study utilises frontier market data to complement existing literature on how corporate disclosure and transparency influences foreign investors decision to invest in Africa.

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