scholarly journals Applying the Random Forest Model to Forecast the Market Reaction of Start-up Firms: Case Study of GISA Equity Crowdfunding Platform in Taiwan

2020 ◽  
Vol 17 ◽  
Keyword(s):  
High Risk ◽  
Random Forest ◽  
Capital Market ◽  
Market Reaction ◽  
Analytical Technique ◽  
Equity Crowdfunding ◽  
Start Up ◽  
Proposed Model ◽  
Retail Investors

In 2015, Taiwan introduced an exchange platform for equity crowdfunding called the Go Incubation Board for Startup and Acceleration (GISA) which is supervised by the OTC Taipei Exchange organization. Equity crowdfunding provides another channel for startups to access capital and allows for a new mechanism for start-up firms to establish their reputation with investors. However, the risks to investors from equity crowdfunding are high. The high-risk nature of equity crowdfunding has the potential to act as a contagion, and further erode confidence in the startup capital market by retail investors -- and this lingers over the GISA platform in Taiwan. Therefore, this study applies the of Random Forest (RF) algorithm to evaluate the market reaction for start-up firms on the GISA in Taiwan. The RF algorithm is proposed to be integrated into an AI model to forecast the market reaction to start-up firms as they get listed on the GISA equity crowdfunding platform. The results not only fulfill the gap of detecting market reaction in equity crowdfunding, but the proposed RF model can replace the traditional statistics analytical technique to evaluate the market reaction. In proposed model applied AI algorithms to predict the market reaction on Taiwan GISA platform which can provide a useful ensemble tool for start-up firms and entrepreneurs to evaluate the degree of market reaction more efficiently before listing on the Taiwan GISA platform.

scholarly journals Crowdfunding in Saudi Arabia: A Case Study of the Manafa Platform

2019 ◽  
Vol 11 (11) ◽  
pp. 72
Author(s):  
Heba Gazzaz
Keyword(s):  
Saudi Arabia ◽  
Capital Market ◽  
Financial Support ◽  
Legal Framework ◽  
Start Up ◽  
The World ◽  
Alternative Finance

Crowdfunding is an innovative form of financial support that is increasingly used around the world. Crowdfunding can provide a new investment channel and help those with innovative ideas and start-up businesses to circumvent traditional financing struggles and secure alternative finance. This paper presents an overview of crowdfunding, its fundamentals, and its main participants. Specifically, it explores the characteristics of crowdfunding in Saudi Arabia by examining the first and successful crowdfunding platform (Manafa) to be licensed by the country’s capital market authority. This paper shows that the sole applicable model in Saudi Arabia is equity-based crowdfunding, and this is significantly controlled and operated under a more efficient legal framework than much foreign crowdfunding. However, the Saudi market would benefit from greater awareness of crowdfunding as a new investment channel, and from the introduction of the debt-based crowdfunding model in accordance with Saudi market regulations.

scholarly journals Exploiting the crowd: The New Zealand response to equity crowd funding

2021 ◽  
Author(s):  
◽  
Henry William Hillind
Keyword(s):  
New Zealand ◽  
High Risk ◽  
Financial Markets ◽  
Start Up ◽  
Retail Investors ◽  
On Line ◽  
Internet Platform ◽  
Investor Protections ◽  
Disclosure Statement ◽  
Do So

<p>The crowd funding exclusion in the Financial Markets Conduct Act 2013 allows issuers, often innovative start-up businesses, to raise up to $2,000,000 in a 12 month period from retail investors through an internet platform provided by a licensed intermediary service, without the need for the product disclosure statement and on-line disclosures usually required under Part 3 of the Act. In order to protect the interests of investors in a market with a high risk of negligible return, other protections need to be provided. International jurisdictions have imposed investor caps, but New Zealand has failed to do so. This essay argues that, particularly in light of shortcomings with other aspects of crowd funding investor protections, a mandatory investor cap of five per cent of the amount being raised should be imposed, to protect investors both from the high risks of venture capital investing and from their own inexperience in this new and rapidly developing market.</p>

scholarly journals Peluang dan Tantangan Initial Public Offering (IPO) Pada Perusahaan Start-Up di Indonesia

2020 ◽  
Vol 5 (2) ◽  
pp. 30
Author(s):  
Anggi Purnama Harahap ◽  
Rahmad Ramadhan Hasibuan ◽  
Lupitta Risma Candanni
Keyword(s):  
Initial Public Offering ◽  
Capital Market ◽  
Qualitative Approach ◽  
Going Public ◽  
Public Companies ◽  
Start Up ◽  
The Government ◽  
Public Offering ◽  
General Guidance

This paper will discuss the initial public offering (IPO) for startup companies. Case study of PT Aplikasi Karya Anak Bangsa Go-Jek. The discussion in this paper will emphasize startups and their comparison with IPOs in ordinary companies (Case Study PT Jasa Armada Indonesia, Tbk) and other startup companies, namely PT Kioson Commercial Indonesia, Tbk) in 2017. A qualitative approach with normative descriptive and benchmark method is used to analyze the problem mention above. This research finds that in general, public regulations and general guidance in Law Number 8 of 1995 concerning the Capital Market and other related regulations sufficient to meet the requirements of going public for public companies. But with the development of startup companies in Indonesia, especially PT Aplikasi Karya Anak Bangsa (Go-Jek), planning to conduct an initial public offering encourages the government to immediately make decisions on the initial public offering process rules so that these arrangements will not only reach ordinary companies with the number of assets large but also able to reach start-up companies to contribute to the development of the national economy.

scholarly journals Exploiting the crowd: The New Zealand response to equity crowd funding

2021 ◽  
Author(s):  
◽  
Henry William Hillind
Keyword(s):  
New Zealand ◽  
High Risk ◽  
Financial Markets ◽  
Start Up ◽  
Retail Investors ◽  
On Line ◽  
Internet Platform ◽  
Investor Protections ◽  
Disclosure Statement ◽  
Do So

<p>The crowd funding exclusion in the Financial Markets Conduct Act 2013 allows issuers, often innovative start-up businesses, to raise up to $2,000,000 in a 12 month period from retail investors through an internet platform provided by a licensed intermediary service, without the need for the product disclosure statement and on-line disclosures usually required under Part 3 of the Act. In order to protect the interests of investors in a market with a high risk of negligible return, other protections need to be provided. International jurisdictions have imposed investor caps, but New Zealand has failed to do so. This essay argues that, particularly in light of shortcomings with other aspects of crowd funding investor protections, a mandatory investor cap of five per cent of the amount being raised should be imposed, to protect investors both from the high risks of venture capital investing and from their own inexperience in this new and rapidly developing market.</p>

scholarly journals An optimization model for the operations of steam production in industrial boilers

2012 ◽  
Vol 19 (2) ◽  
pp. 273-286 ◽  
Author(s):  
Cleber Damião Rocco ◽  
Reinaldo Morabito
Keyword(s):  
Food Industry ◽  
Programming Model ◽  
Mixed Integer ◽  
Suitable Alternative ◽  
Warm Up ◽  
Start Up ◽  
Proposed Model ◽  
Industrial Boilers ◽  
Steam Production

In this study, a mixed integer linear programming model is presented to support some of the key decisions in the steam production system with industrial boilers. The model approaches the fuel management decisions (fuel replenishment and its inventory control), boiler operational decisions (start-up, warm-up, and shutdown operations), and which boiler should produce steam. The model adjustments and its validation were carried out through a case study in a large food industry. In face of the good outcomes achieved in applying the model and the lack of optimization tools to support the decisions in this system, the proposed model is a suitable alternative to support some of the key decisions in the system of steam production with multiple industrial boilers.

Considerations for EHR section for the surgical specialist: Insights from a case study

2018 ◽  
pp. 1-2
Keyword(s):  
Electronic Health Records ◽  
Private Practice ◽  
Patient Relationship ◽  
Key Factors ◽  
Health Records ◽  
Start Up ◽  
Insurance Payment ◽  
System Selection ◽  
Office Procedures

Context: Surgical specialists have unique considerations when selecting and using electronic health records (EHRs). Aim: We sought to identify key factors and considerations during system selection and implementation for the surgical subspecialist. Case study: Insights from system selection and implementation for a start-up plastic surgery private practice were used to inform a broader set of principles for surgical subspecialists in private practice selecting and using EHRs. What can be learned: The nature of the provider-patient relationship is episodic and such as maintaining inventory, managing images, annotating images, documenting and billing in-office procedures, and integration of cash-based and insurance payment. Conclusion: Surgeons in private practice and as part of larger institutions can use insights from this case study to inform their own efforts in system selection and optimization for ongoing use.

Ayurvedic management of Leukoplakia - A Case Study

2017 ◽  
Vol 2 (3) ◽  
Author(s):  
Makadia Krishna ◽  
Ronakgiri V. Gosai ◽  
Virpariya Jignesh ◽  
Chabhadiya Nilesh ◽  
Katrodiya Jayesh ◽  
...  
Keyword(s):  
High Risk ◽  
Oral Mucosa ◽  
Male Patient ◽  
Soft Palate ◽  
Burning Sensation ◽  
Oral Leukoplakia ◽  
Premalignant Lesion ◽  
Allopathic Medicine ◽  
Floor Of The Mouth

Oral leukoplakia (OL) is a premalignant lesion described as “a predominant white lesion of the oral mucosa which cannot be defined as any other known lesion”. OL located on the floor of the mouth, soft palate and tongue are considered as high-risk lesions, while, in other areas, they may be considered as of low malignancy risk. A Forty five years old male patient had complaints of white lesion on left lat. Surface of tongue, along with burning sensation since 4-5 months. He was diagnosed with Leukoplakia and he had taken allopathic medicine for 4 to 5 times, but it was inversely relapsed, so he was treated with Pratisarana of Bibhitaka Churna and Rasayana Churna, Yastimadhu Ghanavati as lozenges along with Rasayana tablets orally for a period of 6 months. After 6 month therapy, white lesion became disappear and no burning sensation. Thus this patient was successfully treated with above therapy with no recurrence or any complications till date.

Catching an Atom Spy: MI5 and the Investigation of Klaus Fuchs

2010 ◽  
pp. 554-567
Author(s):  
Timothy Gibbs
Keyword(s):  
Cold War ◽  
High Risk ◽  
Klaus Fuchs ◽  
Key Issues ◽  
Successful Approach ◽  
Anglo American ◽  
Atomic Espionage ◽  
Signals Intelligence

This article focuses on M15 organization and Klaus Fuchs, a German-born physicist and Soviet “Atom Spy” who was arrested in 1950 and served fourteen years for offences related to atomic espionage. It examines how Fuchs was identified as an “Atom Spy” in 1949 and describes the MI5's investigation, which ended in the early 1950 with the successful arrest, prosecution, and imprisonment of this highly significant Cold War figure. Key issues discussed in this article include the difficulties encountered by MI5 and the budding British atomic program in the sphere of security. It also discusses the role of Signals intelligence (SIGINT) in the investigation of Fuchs, and the high-risk but ultimately successful approach taken by MI5's key interrogator, William Skardon. This case study highlights both the unparalleled level of international intelligence cooperation between the British agencies and their American counterparts, which made the resolution of this case possible, and some of the frailties in the Anglo-American alliance that were brought to the fore by the exposure of Fuchs as an Atom Spy.

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