The Use of Web 2.0 Technologies in Online Lending and Impact on Different Components of Interest Rates

2010 ◽  
pp. 206-224 ◽  
Author(s):  
Arvind Ashta ◽  
Djamchid Assadi
Keyword(s):  
Web 2.0 ◽  
Transaction Costs ◽  
Risk Reduction ◽  
Peer To Peer ◽  
Web 2.0 Technologies ◽  
Web 2.0 Tools ◽  
Social Exchanges ◽  
Peer Lending ◽  
Online Lending ◽  
The Web

Microcredit interest costs remain higher than those of commercial banks in spite of significant donor funds, largely owing to transaction costs relative to small loan sizes. With the rise of Web 2.0 and online social interactivity, can these transaction costs be reduced through peer to peer lending? Peer to Peer transactions and Web 2.0 have two things in common. The first common denominator is that both of them are rather newcomers in their respective fields and growing fast. The second is that they are both based on mutual and social exchanges between people instead of intermediary based relationships. The main objective of this chapter was to investigate whether peer to peer online lending transactions are integrated to support a higher level of social interactions and associations with a promise of reducing (transaction) costs through disintermediation and risk reduction. We find that “peer to peer” lending consists of diverse websites of microcredit (Kiva, Wokai, Babyloan), social investing (MicroPlace) as well as small loans at market rates (Prosper, Zopa, Lending Club), and even lending between friends and family members (Virgin Money). The chapter studies the use of web 2.0 technologies (blogs, interactivity between lenders and buyers, peers‘ reviews and comments, peers communities and chats) in seven such online lending sites. It finds that most of the so called “peer-to-peer” lenders are in fact intermediaries between the peers (lender and borrowers) and there is little direct contact between the peers. One website used none of the web 2.0 tools. None of the websites used all the web 2.0 tools. The impact on transaction costs should therefore be very little as there is neither disintermediation nor risk reduction. A discussion of difficulties in establishing platforms in this field and directions for future research are provided.

Online or Offline?

2010 ◽  
Vol 8 (3) ◽  
pp. 26-37 ◽  
Author(s):  
Susan Johnson ◽  
Arvind Ashta ◽  
Djamchid Assadi
Keyword(s):  
Developing Countries ◽  
Asymmetric Information ◽  
Web 2.0 ◽  
Peer To Peer ◽  
Transactions Costs ◽  
Web 2.0 Technologies ◽  
New Approach ◽  
Domestic Markets ◽  
The Past ◽  
Peer Lending

Over the past five years, “peer-to-peer” lending websites have become a new approach to mobilizing funds for on-lending to impoverished people in developing countries (microfinance) and domestic markets. In this paper, the authors review these developments and use the analytical lens of asymmetric information and transactions costs to explain the characteristics of the different models in operation. The authors find that “peer-to-peer” lending is more of an aspiration than a reality. Although web 2.0 technologies have offered new means of mobilizing funds, the borrowing mechanisms at work follow mainstream conventional approaches to the management of lending.

Empowering academic librarians for effective e-services

2017 ◽  
Vol 35 (2) ◽  
pp. 263-282 ◽  
Author(s):  
Lilian Ingutia Oyieke ◽  
Archie L. Dick
Keyword(s):  
South Africa ◽  
Web 2.0 ◽  
Academic Librarians ◽  
Survey Method ◽  
Web 2.0 Technologies ◽  
Web 2.0 Tools ◽  
Content Type ◽  
Library Users ◽  
Library Skills ◽  
The Web

Purpose The purpose of this paper was to assess the Web 2.0 competencies’ levels of academic librarians in selected libraries from two library consortia KLISC in Kenya and GAELIC in South Africa and how these competencies can be sources of empowerment for the effective provision of e-services. As service organizations, academic libraries face challenges similar to those in other service sectors. One of the major challenges includes that of providing not only quality print resources but also quality e-services. Globally, academic librarians use various Web 2.0 technologies to engage with their library users and colleagues and for their information work. Academic librarians are now, more than ever, expected to be empowered and build diverse voices, perspectives and arguments into library collections and services. Most of the youths (academic library users) in developing countries like Kenya and South Africa are heavy users of Web 2.0 technologies. This presents a challenge for their academic librarians who must augment their traditional library skills with Web 2.0 technologies for provision of effective e-services. This study explores the interconnections between librarian empowerment, traditional librarian skills and Web 2.0 competencies for effective e-services. Design/methodology/approach Survey method of research was used to conduct the study. Purposive sampling was used to select a homogeneous sample of academic librarians and libraries that use the Web 2.0 technologies. An online questionnaire with both closed and open-ended questions was used to collect data. The Web 2.0 competency levels were analyzed and presented using descriptive statistics. To achieve more robust findings and to illustrate the implications of Web 2.0 for librarian empowerment, the ATLAS. ti software was used to illustrate interconnections between librarian empowerment, traditional librarian skills and Web 2.0 technologies. The emerging codes and themes are presented in three network views. Findings The findings from the quantitative data indicate that the majority of the librarians have intermediate competency levels in Web 2.0 technologies. The findings from the qualitative data show that Web 2.0 tools and librarian empowerment can be used to illustrate interconnections in content collaboration tools, bookmarking tools and SNSs. Web 2.0 competencies can transform knowledge-sharing activities, augment existing authoritative information service, foster interaction and market information products and services. This study redefines librarian empowerment through competency in Web 2.0 tools and new roles for effective e-services. Originality/value This paper proposes that librarian empowerment through Web 2.0 competencies is essential in augmenting traditional library skills and in providing effective e-services. This manuscript describes original work and is a re-submission EL-08-2015-0143.R1 due to expired deadline in this journal. Both authors approved the manuscript and this submission.

Application of the Web 2.0 Technologies Podcast and Vidcast for Formation and Development of Listening Comprehension Skill in an Extended Englishtraining Course in Eighth Grade

2021 ◽  
Vol 9 (4) ◽  
Author(s):  
Rumen Hristov
Keyword(s):  
Web 2.0 ◽  
Listening Comprehension ◽  
Mobile Technologies ◽  
Foreign Languages ◽  
Specific Method ◽  
Web 2.0 Technologies ◽  
Comprehension Skill ◽  
Comprehension Skills ◽  
Low Levels ◽  
The Web

Low levels of listening comprehension skills in English is observed in many students. As a specific method, which can both cover mobile technologies and combine them with training, is the application of technology for podcasting and vidcasting/vodkasting. Podcasts and podcasts can provide authentic, up-to-date and easily accessible material, making them extremely useful when learning foreign languages. Their application makes learning freer and independent by introducing more interesting elements; gives greater freedom and independence to participants in the lesson. Students can listen to the material on the bus or while going to the gym.

Implementing Web 2.0 tools in organisations

2014 ◽  
Vol 21 (1) ◽  
pp. 2-5 ◽  
Author(s):  
Gavin James Baxter
Keyword(s):  
Communities Of Practice ◽  
Web 2.0 ◽  
Empirical Studies ◽  
Work Place ◽  
Special Issue ◽  
Web 2.0 Technologies ◽  
Web 2.0 Tools ◽  
Content Type ◽  
Organisational Factors ◽  
The Impact

Purpose – This special issue aims to increase the awareness of the organisational factors that enterprises must reflect on and address when introducing Web 2.0 technologies into their organisations. In contrast to empirical studies that review the impact of Web 2.0 technologies in organisations in terms of how they might support knowledge sharing or communities of practice, this special issue intends to identify the salient criteria that management practitioners must address to assist in the implementation of Web 2.0 technologies in the work place. Design/methodology/approach – This special issue aims to increase the awareness of the organisational factors that enterprises must reflect on and address when introducing Web 2.0 technologies into their organisations. In contrast to empirical studies that review the impact of Web 2.0 technologies in organisations in terms of how they might support knowledge sharing or communities of practice, this special issue intends to identify the salient criteria that management practitioners must address to assist in the implementation of Web 2.0 technologies in the work place. Findings – One of the principal findings that have emerged from this special issue is that it indicates the importance of reviewing social and cultural factors in organisations when introducing Web 2.0 technologies in the work place. In addition to assessing technical issues that might impact on the implementation of Web 2.0 technologies in organisations this special issue also explores subject matters such as the dilemma of whether a top-down or a bottom-up approach is more effective towards engaging staff in the adoption of Web 2.0 tools at work. Originality/value – The research presented in this special issue provides an important academic contribution towards an area that is, at present, under researched namely, whether there is a structured approach that can be universally applied by organisations when internally implementing Web 2.0 technologies into their work place.

Educating Pre-Service and Novice Teachers on the Best Practices for Curriculum Integration of Web 2.0 Tools and Instructional Technology

2016 ◽  
pp. 123-142
Author(s):  
Thomas Robert Conway
Keyword(s):  
Teacher Preparation ◽  
Web 2.0 ◽  
Novice Teachers ◽  
Teacher Preparation Programs ◽  
Web 2.0 Technologies ◽  
Preparation Programs ◽  
Web 2.0 Tools ◽  
Social Media Networks ◽  
Web 2.0 Technology ◽  
Technology Tool

This chapter explores the use of Web 2.0 technology by pre-service and novice teachers. It explores in particular the use of Blogs, Social Media Networks, and Wikis. For each Web 2.0 technology tool, a discussion about the appropriate use and potential problems ensues. The focus of the chapter is to present the potential ethical concerns for pre-service and novice teachers in the use of Web 2.0 technologies. Additionally, some frameworks are suggested in helping teacher preparation programs educate their candidates on the use of Web 2.0 technologies. A resource of possible Web 2.0 technologies is included at the end of the chapter.

Web 2.0 From Evolution to Revolutionary Impact in Library and Information Centers

2019 ◽  
pp. 519-530
Author(s):  
Zahid Ashraf Wani ◽  
Tazeem Zainab ◽  
Shabir Hussain
Keyword(s):  
Web 2.0 ◽  
Information Science ◽  
Web Design ◽  
Library And Information Science ◽  
Media Content ◽  
Web 2.0 Tools ◽  
Select Group ◽  
The World ◽  
The Web

A key element of the technology is that it allows people to create, share, collaborate, and communicate. The Web 2.0 differs from ordinary websites as it does not require any web design or publishing skills to participate, making it easy for people to create and publish or communicate their work to the world. The nature of this technology makes it an easy and popular way to communicate information to either a select group of people or to a much wider audience. The Web 2.0 paradigm has gained substantial momentum in the last decade. The influence of Web 2.0 principles and technologies has fueled an explosion of information and media content on the web, and individual and corporate adoption of the technologies continues to rise. In this milieu, it is imperative to understand and learn about the present and evolving Web 2.0 tools and their application in different walks of life. The proposed study made an endeavor to dig deep into the genesis, development, and application of various Web 2.0 tools in library and information science.

Could Web 2.0 Technologies Support Knowledge Management in Organizations?

2010 ◽  
pp. 197-210
Author(s):  
Luiz Fernando de Barros Campos
Keyword(s):  
Information Technology ◽  
Knowledge Management ◽  
Web 2.0 ◽  
Web 2.0 Technologies ◽  
Work Processes ◽  
Privacy And Security ◽  
Technology Tools ◽  
Challenges And Opportunities ◽  
Knowledge Intensive ◽  
The Web

This chapter investigates whether information technology tools typical of Web 2.0 can support Knowledge Management (KM) practices in organizations. An investigation on the Web is conducted and the appropriate literature examined. The information technology tools employed in organizations nowadays are discussed with the help of three guidelines which each present two opposing ideas: knowledge creation versus knowledge sharing, tacit knowledge versus explicit knowledge and hierarchical KM versus organic KM. It is argued that these tools reveal an innate contradiction: they are based on a centralized conception and production but aim to deal with informal, fluid processes, which resist structuring. The term Enterprise 2.0 is defined and examined, since it brings out a critical view of traditional KM technology. In this context, the prevailing technologies on the Web are described as well as the associated use practices. The technologies and practices highlighted are those that enhance the collective creation of information and knowledge-intensive products and the active, rich user participation which influences the development of own technologies. Subsequently, many Web 2.0 tools and services that are, or could be, used in KM practices are described and the sites that provide them are indicated. It is noted that these new technologies are inducing cooperative and decentralized work processes that lead to emerging products of high quality and complexity. Furthermore, they are characterized by net effects, simplicity, ease of use, low cost and rastreability. Nevertheless, there are some difficulties in the application of Web 2.0 technologies, among them, the attainment of performance requisites, privacy and security, the possible emergence of counterproductive results and the need to motivate people to create content. The challenges and opportunities in the organizational use of Web 2.0 technologies are remarked. Finally, the managerial interventions appropriate to enable the success of KM projects based on Web 2.0 technologies are discussed.

scholarly journals USE OF WEB 2.0 TOOLS BY POLISH HEALTH PORTALS

2020 ◽  
Vol 10 (4) ◽  
pp. 77-82
Author(s):  
Magdalena Czerwinska
Keyword(s):  
Health Services ◽  
Web 2.0 ◽  
Social Aspects ◽  
Multimedia Content ◽  
Information Distribution ◽  
Web 2.0 Technologies ◽  
Web 2.0 Tools ◽  
Low Costs ◽  
Universal Communication ◽  
Share Information

The Internet, as a global, universal communication network, has become an important channel of information distribution. Currently, it has a very social character, thanks to the dissemination of Web 2.0 sites, which allow users to create and publish their own multimedia content. Web 2.0 technologies make it easier for users to communicate, create, collaborate and share information. They are widely available and are characterized by low costs of use. The article presents the results of research on the most popular Polish health websites. It was examined whether health services meet the requirements of Web 2.0 sites. The analysis is focused on the technological and social aspects. The COVID-19 pandemic lockdown in March and April 2020 in Poland was observed as having an influence on users and views of heath websites. The obtained results confirm the use of elements (both technological and social) by health services selected for research. However the usage of Web 2.0 technologies among websites varies.

scholarly journals Web 2.0 Applications in the Teaching Process: A Swot Analysis

2021 ◽  
Vol 9 (4) ◽  
pp. 460-479
Author(s):  
Kevser Arslan ◽  
Fatma Coştu
Keyword(s):  
Web 2.0 ◽  
Classroom Environment ◽  
Swot Analysis ◽  
Measurement Tool ◽  
Volunteer Teachers ◽  
Teaching Process ◽  
Public And Private ◽  
Web 2.0 Tools ◽  
Access Problems ◽  
The Web

This study, it is aimed to determine the strengths and weaknesses of the web 2.0 applications used in the teaching process through SWOT analysis and to reveal the opportunities and threats. For this purpose, the study group consists of 20 volunteer teachers working in public and private schools. The teachers benefited from web 2.0 tools in their lessons and could actively use web tools. Online interviews were conducted with the teachers. The data obtained from the interviews were evaluated by using descriptive content analysis. The themes and codes were created by analysing the interview data considering the SWOT analysis and its sub-themes. As a result of the research, it was determined that the strengths of the web 2.0 applications used in the teaching process are making the students active, providing permanence in learning, increasing success and creating a positive effect on the development of many skills. Weaknesses of web 2.0 tools; difficulties in creating the materials, time-consuming use in the course, not allowing everyone’s access, lack of technology and access. Features such as being independent of space and time, creating the desired content, sharing information, using it as a measurement tool, getting quick feedback, and providing a flexible classroom environment are included among the opportunities of web 2.0 tools. It is under the threat of reducing the influence of the teacher, disrupting the dominance of the lesson, removing the subjects from the centre, causing distraction, experiencing internet and access problems, creating technology addiction in students and creating security problems.

scholarly journals MLC Libraries – a school library’s journey with students, staff and Web 2.0 technologies

2021 ◽  
Author(s):  
Jane Viner ◽  
Amanda Lucas ◽  
Tracey Ricchini ◽  
Regina Ri
Keyword(s):  
Professional Development ◽  
Web 2.0 ◽  
School Library ◽  
Development Program ◽  
Professional Development Program ◽  
Web 2.0 Technologies ◽  
Daily Work ◽  
Technological Skills ◽  
Teacher Librarians ◽  
The Web

This workshop paper explores the Web 2.0 journey of the MLC Libraries’ teacher-librarians, librarian, library and audio visual technicians. Our journey was initially inspired by Will Richardson and supported by the School Library Association of Victoria (SLAV) Web 2.0 professional development program. The 12 week technological skills program ‘23 things’ assisted in motivating the MLC Libraries’ team to adopt Web 2.0 technologies into their daily work with students and staff

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