Accounting for crypto-assets: stakeholders’ perceptions

Purpose The purpose of this paper is to analyse stakeholders’ perceptions on the accounting of crypto-assets. They also look at the need to amend/clarify existing accounting standards or develop new accounting standards. Design/methodology/approach The authors use a qualitative approach featuring interviews with four stakeholder groups including academics, professional bodies, standard setters and accounting practitioners. Interview recordings are transcribed and then analysed through NVivo. Findings The interviewees identify various issues in the application of current accounting standards to crypto-assets. The interviewees perceive that the rapid development of crypto-assets and fluidity hinder the development of accounting guidance. Hence, continuous monitoring by standard-setters is required. The general consensus is that unless there are crypto-assets with economic characteristics and functionality that are pervasive enough to warrant a new accounting standard, principles of current accounting standards are robust to address gaps in accounting requirements for crypto-assets. Originality/value This study adds to the discussion on harmonising the current practices in accounting of crypto-assets. By examining perceptions of multiple stakeholder groups, this study provides insights into the applicability of current accounting standards to the classification, measurement and disclosure of crypto-assets. The findings will inform standard setters and aid their efforts towards providing formal guidance on the accounting of crypto-assets.

Digital discretion and public administration in Africa: Implications for the use of artificial intelligence

The digitalisation of public services is implicated in fundamental changes to how civil servants make decisions and exercise discretion. Most significant has been a shift in responsibility away from ‘street-level bureaucrats’ to ‘system-level bureaucrats’; a technology-savvy community of officials, consultants and private enterprises involved in the design of information technology systems and associated rules. The relatively recent inclusion of artificial intelligence (AI) and data-driven algorithms raises new questions about the conflation of policy formulation and system development activities, but also intensifies concerns about the epistemic dependence and policy alienation of public officials. African public administrations are in an especially vulnerable position with respect to the adoption of AI, and so this chapter seeks to synthesise lessons from previous digital implementations on the continent, and considers the implications for AI use. Four broad considerations emerge from the review of literature: Integrity of recommendations provided by decision-support systems, including how they are influenced by local organisational practices and the reliability of underlying infrastructures; Inclusive decision-making that balances the (assumed) objectivity of data-driven algorithms and the influence of different stakeholder groups; Exception and accountability in how digital and AI platforms are funded, developed, implemented and used; and a Complete understanding of people and events through the integration of traditionally dispersed data sources and systems, and how policy actors seek to mitigate the risks associated with this aspiration.

Which Stakeholders’ Sector Matters in Rural Development? That Is the Problem

In the age of COVID, the regaining of economies appears mostly imperative, and rural areas could play a crucial role in this framework. The question of inhabitants’ dispersion and low density, and the exodus of rural people to bigger urban centers have determined an adverse effect on rural development. Rural isolation rises to be a higher order good, delivering a higher degree of security in the pandemic context for those seeking refuge from gatherings of cities. Rural areas provide food, natural environments, and resources that help occupations, development, and wealth trends and preserve cultural heritage. Consequently, rural spaces are vital for several motives and thus it is essential to focus on issue of rural development, especially since lacking rural development does not allow dialoging about development in a regional and/or national perspective. This paper investigates the stakeholders’ impact on rural development, by considering the increasing role of stakeholders as well as the specificity of the diverse objectives pursued by these groups. As there are several stakeholder groups, attention was sweeping, defining them in a sectoral way to corporate, sciences, public administrations, and society. Where there was a need to distinguish among these sectors groups of stakeholders in a more detailed way, such identification took place, for example, in relation to social leaders. The analysis of the results of the questionnaire survey performed in 2020 aimed to accomplish the identified purposes of the paper. The online survey using the CAWI method was conducted in southeastern Poland among people representing all stakeholder groups. The outcomes of the investigation indicate the great prominence of business in the development of rural areas being able to generate added value and influence the increase of entity potential.

Sharing goals by timely communication improves fishermen's satisfaction with marine protected areas: A case study in the Mediterranean

Marine protected areas (MPAs) are considered as a valid tool for mitigating the impact of fishing on marine ecosystems. Their success depends upon their acceptance by implicated stakeholders and on the integration of the stakeholder groups into their management. This integration is especially important with regard to fishermen, whose interests are the most directly affected by MPAs. The relational coordination method posits that effective communication and supportive relationships among stakeholders result in positive stakeholder behaviors and a more effective management of the system. Applying its principles, we designed a survey to evaluate the satisfaction of fishermen associated with five MPAs in the Spanish Mediterranean and determine what mechanisms affect fishermen’s acceptance of MPAs. Our results demonstrate that effective communication is particularly important for good supportive relationships and satisfaction among fishermen and other stakeholder groups, as well as satisfaction with the MPA. Sharing objectives with fishermen through timely communication is the primary mechanism to improve fishermen's satisfaction and ameliorate perceptions towards MPA. To address this issue, we recommend more substantial integration of fishermen in the co-management of MPAs.

Antecedents and Consequences of Employee Engagement for a Diverse Workforce

In the recent years, employee engagement has become a hot topic of discussion among popular business press and consulting firms. This topic has created interest in various stakeholder groups ranging from scholarly human resource practitioners to policy makers or government agencies. The interest in employee engagement has progressively increased, however, in academic literature: the concept of employee engagement has been studied rarely and comparatively less is known regarding its antecedents and consequences. Recently, a number of researchers have argued that the challenge of engaging the employees is mounting. Although it seems to conceptually overlap with existing constructs, for instance, job involvement, organizational commitment, still some empirical research confirms that engagement is a separate construct. Therefore, this chapter aims (a) to shed some light in this respect by assessing the association between workforce diversity, specifically in terms of their age and employee engagement, and (b) to provide a variety of precursors and outcomes of employee engagement.

How are trial outcomes prioritised by stakeholders from different regions? Analysis of an international Delphi survey to develop a core outcome set in gastric cancer surgery

Background International stakeholder participation is important in the development of core outcome sets (COS). Stakeholders from varying regions may value health outcomes differently. Here, we explore how region, health income and participant characteristics influence prioritisation of outcomes during development of a COS for gastric cancer surgery trials (the GASTROS study). Methods 952 participants from 55 countries participating in a Delphi survey during COS development were eligible for inclusion. Recruits were grouped according to region (East or West), country income classification (high and low-to-middle income) and other characteristics (e.g. patients; age, sex, time since surgery, mode of treatment, surgical approach and healthcare professionals; clinical experience). Groups were compared with respect to how they categorised 56 outcomes identified as potentially important to include in the final COS (‘consensus in’, ‘consensus out’, ‘no consensus’). Outcomes categorised as ‘consensus in’ or ‘consensus out’ by all 3 stakeholder groups would be automatically included in or excluded from the COS respectively. Results In total, 13 outcomes were categorised ‘consensus in’ (disease-free survival, disease-specific survival, surgery-related death, recurrence of cancer, completeness of tumour removal, overall quality of life, nutritional effects, all-cause complications, intraoperative complications, anaesthetic complications, anastomotic complications, multiple organ failure, and bleeding), 13 ‘consensus out’ and 31 ‘no consensus’. There was little variation in prioritisation of outcomes by stakeholders from Eastern or Western countries and high or low-to-middle income countries. There was little variation in outcome prioritisation within either health professional or patient groups. Conclusion Our study suggests that there is little variation in opinion within stakeholder groups when participant region and other characteristics are considered. This finding may help COS developers when designing their Delphi surveys and recruitment strategies. Further work across other clinical fields is needed before broad recommendations can be made.

Testing Interscience in Understanding and Tackling Disaster Risk

Efforts in Disaster Risk Reduction (DRR) are widely geared towards integrating indigenous knowledge and science. Several conceptual frameworks have thus evolved towards co-creating knowledge and co-designing DRR measures from the standpoint of the communities-at-risk. This is claimed to foster optimization and sustainability of measures. This study tests the effectiveness of this standpoint argument based on the case of floods in the Rwenzori, western Uganda, where a mismatch is noted between research, policy, and action. A protocol was developed to stimulate dialogue on knowledge co-creation and co-designing of DRR measures among participants from three stakeholder groups: scientists, policymakers, and communities-at-risk. Beyond convergence on some measures among participants, equitable deliberations were observed among the different stakeholders. This enabled three processes: coalescing some of the proposed measures, the emergence of hybrid worldviews, and co-design of alternative options. The co-designed options fall within the contemporary conceptualization of nature-based solutions and sustainability. This meant that they are adoptable and optimizable over time by communities-at-risk. This constructive knowledge integration and co-design of DRR options were favored by three attributes: coalescing overlaps in theorizations of processes, embracing diversity in ontological values, and self-critiques among policymakers. Lessons are drawn on how these attributes facilitate bridging gaps between science, policy, and action in DRR.

Identifying Research Trends for Technology Use in Pre-School Curricula through Content and Bibliometric Analysis Methods

The aim of this study is to identify research trends for technology use in pre-school curricula. Research trends were analysed by employing content and bibliometric analysis methods. A total of 3,302 articles indexed by Web of Science between 1975 and 2020 were analysed using bibliometric mapping analysis and a total of 31 studies indexed by Web of Science between 2016-2020 were analysed using content analysis. The results obtained from the study reveal that the effect of technology is examined in different fields and with different stakeholder groups. It is identified that qualitative methods, interview/focus group interview forms, articles as document types and pre-school teachers among other sample groups were preferred more frequently. The country with the highest number of citations is identified as the United States of America and the organisation with the highest number of citations is identified as University of Virginia. It is recommended that researchers design their studies by following the trends in the field and conduct studies that address the gaps in the field.

Double materiality and the shift from non-financial to European sustainability reporting: review, outlook and implications

PurposeThis paper outlines the development of the principle of materiality in the European accounting framework, from the Modernization Directive (2003/51/EC) to the NFI Directive (2014/95/EU) and on to the proposals for a Corporate Sustainability Reporting (CSR) Directive (2021/0104 (COD)). The authors highlight how the requirements for corporate reporting in terms of sustainability matters have changed, underlining the main issues that require further attention by practitioners, researchers and legislators.Design/methodology/approachThis paper is based upon a historic analysis of European Union (EU) regulations in the field of non-financial and sustainability reporting and how these have changed over time. A conceptual comparison of different reporting concepts is presented, and changes in their relevance to the EU accounting framework are discussed as part of the historic analysis. Implications from corporate practice are derived from previous empirical findings from the EU Commission's consultations.FindingsThe proposed change from non-financial to sustainability reporting within the EU affects more than simply the terminology used. It implies that a different understanding is needed of both the purposes of company reporting on sustainability matters and the aims of carrying out such reporting. This change was driven by the need and desire to appropriately interpret the principle of materiality set forth in the NFI Directive. However, the recent redefinition in the shift within the EU Commission's proposals presents considerable challenges–and costs–in practice.Research limitations/implicationsFuture research on the conceptualization and operationalization of ecological and social materiality, as well as on the use of this information by different stakeholder groups, is necessary in order to (a) help companies that are applying the reporting requirements in practice, (b) support the increased harmonization of the reports published by these companies and (c) fully assess the costs and benefits associated with the increase in reporting requirements for these companies.Practical implicationsCompanies have to establish relevant reporting processes, systems and formats to fulfil the increasing number of reporting requirements.Originality/valueThis paper outlines the historic development of the principle of materiality regarding mandatory non-financial or sustainability reporting within the EU. It outlines a shift in rationales and political priorities as well as in implications for European companies that need to fulfil the reporting requirements. In consequence, it describes appropriate interpretations of this principle of materiality under current and upcoming legislation, enabling users to apply this principle more effectively.