This chapter summarizes the library history of Hungary, with the main focus on the decades preceding the regime change in 1989. The country has been a member of the European Union…
Abstract
This chapter summarizes the library history of Hungary, with the main focus on the decades preceding the regime change in 1989. The country has been a member of the European Union since 2004. One of the consequences of joining the EU was that Hungary had to implement the three-tier system of higher education defined by the Bologna Declaration. This new system of library and information professional education and training that began in the 2006–2007 academic year is discussed in detail. The first students to begin their studies in the new, two-tier system of higher education will be awarded the BA degree in the first half of 2009. The best of them will be able to continue their studies at the MA level at one of the four universities that were approved for new MA programs in 2008.
This paper aims to contextualise and critically evaluate the state of accounting historiography, its past and future agenda as a foundation for future scholars’ design and pursuit…
Abstract
Purpose
This paper aims to contextualise and critically evaluate the state of accounting historiography, its past and future agenda as a foundation for future scholars’ design and pursuit of accounting history research.
Design/methodology/approach
Focussing on the historiographic accounting history literature, the paper draws on prior state-of-the-art reviews as well as a range of contemporary accounting history research studies to provide an overview of the accounting history community internationally, its emergence, institutions, theories and methodologies.
Findings
Accounting history researchers are identified now as an established and growing international community of scholars, increasingly diverse in national origins and focus, yet still on the threshold of moving beyond its specialist literature into general accounting and history research literatures. Nonetheless, their historiography exhibits a vibrant theoretical and methodological discourse that has laid the foundations for expanding opportunities in both research subjects and approaches available for study.
Research limitations/implications
Theoretical and methodological proliferation offers a wealth of options for further research in this field, in terms of subject matter focus and in terms of innovative and insightful approaches to their investigation.
Practical implications
Findings already available in the accounting history literature offer useful foundational understandings that have the potential to better inform contemporary policy and practice decision-makers.
Originality/value
The paper provides a reference point for emerging and established scholars in accounting history, presenting a summary of their underlying historical institutional and historiographic development contexts and offering a research agenda based on theoretical and methodological diversity.
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M.F. Webster, I.J. Keshtiban and F. Belblidia
We introduce a second‐order accurate time‐marching pressure‐correction algorithm to accommodate weakly‐compressible highly‐viscous liquid flows at low Mach number. As the…
Abstract
We introduce a second‐order accurate time‐marching pressure‐correction algorithm to accommodate weakly‐compressible highly‐viscous liquid flows at low Mach number. As the incompressible limit is approached (Ma ≈ 0), the consistency of the compressible scheme is highlighted in recovering equivalent incompressible solutions. In the viscous‐dominated regime of low Reynolds number (zone of interest), the algorithm treats the viscous part of the equations in a semi‐implicit form. Two discrete representations are proposed to interpolate density: a piecewise‐constant form with gradient recovery and a linear interpolation form, akin to that on pressure. Numerical performance is considered on a number of classical benchmark problems for highly viscous liquid flows to highlight consistency, accuracy and stability properties. Validation bears out the high quality of performance of both compressible flow implementations, at low to vanishing Mach number. Neither linear nor constant density interpolations schemes degrade the second‐order accuracy of the original incompressible fractional‐staged pressure‐correction scheme. The piecewise‐constant interpolation scheme is advocated as a viable method of choice, with its advantages of order retention, yet efficiency in implementation.
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This paper gives a comparative analysis of the foundation of sinology in two Canadian universities. Despite not having diplomatic exchanges, Canada's new relationship with the…
Abstract
Purpose
This paper gives a comparative analysis of the foundation of sinology in two Canadian universities. Despite not having diplomatic exchanges, Canada's new relationship with the People's Republic of China (PRC) ignited a China interest in the Canadian academe. Through York University and the University of Guelph (U of G)'s experiences, readers will learn the rewards and challenges that sinology brings to Canadian higher education.
Design/methodology/approach
This paper offers an overview of the historical foundation of sinology in the Canadian academe. Who pushes through this process? What geopolitical developments triggered young and educated Canadians to learn about China? This paper assesses York and Guelph's process in introducing sinology by relying on university archival resources and personal interviews. Why was York University successful in its mission, which, in turn, made into a comprehensive East Asian Studies degree option in 1971? What obstacles did the U of G face that prohibited it from implementing China Studies successfully?
Findings
After 1949, Canada took a friendlier relationship with the PRC than its neighbor in the south. As China–Canada relations unfolded, Canadian witnessed a dramatic state investment in higher education. The 1960s was a decade of unprecedented university expansion. In the process, sinology enjoyed its significant growth, and both York University and the U of G made their full use of this right timing. However, China Studies at the U of G did not take off. Besides its geolocation disadvantage, Guelph's top-down managerial style in the 1960s, which resulted in collegial disillusionment, was also a significant barrier to this program's success.
Originality/value
Before the Internet age, universities were the first venues for most Canadians to acquire their initial academic knowledge of China. After the Second World War, sinology became popular among students as China became one of the world's “Big Fives”. More Canadians became romanticized with Maoism while opposing America's containment policy. York and Guelph exemplified this trend in Canadian history. Contrary to popular belief, historian Jerome Chen did not establish York's China Studies. Likewise, an ex-US diplomat John Melby did not bring China into Guelph, sinology arrived due to individual scholastic initiatives. Visionaries saw envisioned China's importance in the future world community.
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Qunfeng Wang, Zhigeng Fang, Yuqiang Guo, Chaoqing Yuan, Hongqi Liu and Ruiting Xu
The purpose of this paper is to realize scientific reasoning and prediction in economic catastrophe, which occurs in the short‐term and leads to invalidation of most classical…
Abstract
Purpose
The purpose of this paper is to realize scientific reasoning and prediction in economic catastrophe, which occurs in the short‐term and leads to invalidation of most classical prediction models through lacking basic sample data.
Design/methodology/approach
Based on functional theory, grey number algebra theory, Bayesian network theory and interval grey number theory, the authors established GFAM (1,1), which is grey function analysis model (1,1), to excavate and utilize the existing data sufficiently.
Findings
This paper proved least squares parameters theorem and prediction theorem and the process of GFAM (1,1). A case was established and demonstrated the utility and good prediction of this model.
Originality/value
This paper established GFAM (1,1), which overcomes the hysteretic defect of classical prediction model and provides a preferable solution in system prediction in economic catastrophe.
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Abstract
Purpose
This study aims to examine the venture capital (VC) industry in China. It has demonstrated a history of high growth with significant variations over time. The authors have examined the trends and determinants of VC investments in China over a 20-year period from 1995 to 2014. They find that the aggregate amount of VC investments, the total number of venture deals and the average amount of venture investments per deal in China are all significantly impacted by macroeconomic conditions (i.e. GDP, export, money supply), technology innovations and financial market indicators (i.e. initial public offerings (IPOs), interest rate, price-to-earnings ratio, etc.). They also find that the 2007 China A-Share stock market crash and the subsequent global financial crisis have motivated VCists in China to adjust their investment strategies and risk levels by allocating more capital to later-stage investments and securing more deals with later-round financings. However, after the 2008 global financial crisis, the China’s venture industry has recovered faster compared to the US counterpart response.
Design/methodology/approach
The authors first perform trend analysis of VC investments at an aggregate level, by stages of development, and across industry from 1995 to 2014.To test H1 and H2, the authors use multiple regression models with lagged explanatory variables. To test H3, the authors use univariate tests to compare the measures of VC investments at an aggregate level, stage funds ratios, stage deals ratios and financing series ratios during both a five-year and seven-year time windows around the 2007 A-Share stock market crash and the subsequent financial crisis.
Findings
The development of the VC industry in China has demonstrated a history of high growth with significant variation over time. The authors find that the aggregate amount of VC investments, the total number of venture deals and the average amount of venture investments per deal in China are all significantly impacted by macroeconomic conditions (i.e. GDP, export, money supply), technology innovations and financial market indicators (i.e. IPOs, interest rate, price-to-earnings ratio, etc.). The authors also find that the 2007 China A-Share stock market crash and the subsequent global financial crisis have motivated VCists in China to adjust their investment strategies and risk by allocating more capital to later-stage investments and securing more deals with later-round financings. However, the China VC industry has recovered faster compared to the USA just after the 2008 global financial crisis.
Research limitations/implications
There are also limitations in the study. The VC data in China in the earlier 1990s might not be very reliable due to the quality of statistics. Therefore, the trend analysis and discussions mainly focus on the time after 2000. Also, the authors cannot find VC financing sequence data for the analysis. Second, there is no doubt that the policy impact from Chinese transforming economic system and government policies on its VC industry is substantial (Su and Wang, 2013). However, they cannot find an appropriate variable to be included in the empirical models to consider this effect. Further study on this area would provide meaningful information. Third, although the authors have done comparison study between the VC industry in China in this study and the VC industry in the US documented in Ning et al. (2015) and discussed some interesting findings, more in-depth research in this area will be very useful.
Practical implications
The findings have meaningful implications for VCists and start-up companies seeking equity financings in China. VCists should closely monitor macroeconomic and market conditions to make appropriate adjustments to their risk and investment strategies. Entrepreneurs seeking equity financings for their business could also monitor the identified macroeconomic and market indicators, which can help them with their timing and to negotiate a better equity financing deal. VC financing is more likely to succeed when key macroeconomic and market indicators become favorable.
Originality/value
This paper contributes to the literature by testing the supply and demand theory on the VC market proposed by Poterba (1989) and Gompers and Lerner (1998) from the macroeconomic perspective using 20 years’ VC data from China. The authors also examine how the 2007 A-Share stock market crash and the subsequent financial crisis affected VCists to adjust their risk levels and investment strategies. It provides useful information for international academia and policymakers to understand the quick rise of China VC industry. The authors also find that the macroeconomic drivers of VC industry are somewhat different under different economic systems.
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The purpose of this paper is to conduct a critical analysis of the commonly projected visions on the future of built environment, focusing on transformative research. The primary…
Abstract
Purpose
The purpose of this paper is to conduct a critical analysis of the commonly projected visions on the future of built environment, focusing on transformative research. The primary question is will the construction sector be able to make the projected transformative leap even if the history of technology adoption in construction suggests otherwise? And, what role can academic research play?
Design/methodology/approach
This paper is based on a reflective research and qualitative review of academic articles, white papers and reported projections for the future of construction. The reflections are based on discussions with colleagues and students, including thought experiments.
Findings
There is a general agreement across various sources about the key technical and social drivers for the future of construction. However, these projections seem to be emanating from industry insiders, and more diversity and creativity is needed in exploring alternative possibilities.
Research limitations/implications
The paper should be useful for researchers in assessing their research strategy, especially those aiming to focus on the future of construction and transformative research. The findings of this paper suggest the need for collaboration and explorations with diverse disciplines, including those that may not appear immediately connected to digital construction.
Practical implications
The paper should be useful for individuals and organizations, especially start-ups that are seeking novel opportunities to disrupt the future of construction.
Originality/value
The originality and value of this research lies in a timely critique of the commonly projected trends in the future of digital construction. The use of reflective research and thought experiments emphasizes the need for divergent thinking and creative research methods in construction research.
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Kirsi Hyytinen and Marja Toivonen
– The purpose of this paper is to examine the future prospects of innovative services linked to sustainable energy systems.
Abstract
Purpose
The purpose of this paper is to examine the future prospects of innovative services linked to sustainable energy systems.
Design/methodology/approach
Service perspective is examined in the context of socio-technical transition and linked to the bottom-up and top-down social processes that foster sustainability. The foresight method applied is trend analysis.
Findings
Two groups of trends were identified: the trends driven by technological development and the trends focussing on societal, managerial and consumer issues. The former consists of renewable energy sources, hybrid solutions, smart grids and smart energy markets. The latter involves distributed energy production, demand response, optimisation of sustainability and the role of energy as an opportunity and as service. The study reveals that energy is increasingly understood as a comprehensive and tailor-made service solution for communities and individual households. Consumers will enter the energy market as active participants; it raises the need for many types of services.
Research limitations/implications
Deepening of understanding is required in several topics of this study, and more formal methods of foresight are needed to test the generalisability of its qualitative results.
Practical implications
More effective policy measures are needed for fostering new services and social and system innovations in the area of sustainable energy. Innovation management practices should be developed in these areas.
Originality/value
The paper aims to narrow the research gap linked to foresight in services by examining services in the area of sustainable energy systems – one of the “grand challenges” today.
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The purpose of this paper is to assess the extent of climate change likely to be manifested in the MENA region using statistical tools as well as outputs from physics‐based…
Abstract
Purpose
The purpose of this paper is to assess the extent of climate change likely to be manifested in the MENA region using statistical tools as well as outputs from physics‐based General Circulation Models (GCMs).
Design/methodology/approach
Atmospheric temperature and precipitation primarily capture climate change features and are considered the drivers of other manifestations of climate change such as rises in sea‐level, tropical cyclone intensities, severe floods, prolonged droughts, and retreating ice. Data on atmospheric temperature and precipitation have been statistically analysed for trend, distribution and variability in this study. Long‐range prediction is then made using time series analysis. Long‐range projections have also been made by many investigators using physics‐based GCMs and the Fourth Assessment Report of IPCC provides a summary. IPCC projections are not indisputable because of some inherent limitations of GCMs. A comparative study is made between statistical predictions and IPCC projections, as well as forecasts from some GCMs specifically applied to the region, to develop a more reliable forecast scenario. Water resources projects are quite vulnerable to changes in atmospheric temperature and precipitation amounts. The various aspects of planning, design and management of water resources projects which are likely to be influenced by climate change are discussed.
Findings
There is considerable variability in atmospheric temperature and precipitation in recent observations but if the variability is filtered out and the underlying trend extrapolated it is found that there is in general an agreement between IPCC projections and statistical predictions. For rise in atmospheric temperature projections made from many GCMs applied to the region, as well as projections summarised in the Fourth Assessment Report of IPCC, appear to be good estimates to be included in design considerations. For precipitation, statistical predictions are perhaps a better choice because GCM projections are less reliable with precipitation since associated meteorological processes occur at a much smaller scale than the grid size of a GCM. For low‐lying coastal regions sea‐level rise and more frequent extreme climatic events such as tropical cyclones add to the dimensionality of design considerations especially for infrastructure design.
Originality/value
This paper presents a comparative study of possible climate change in the long‐term between physics‐based model projections and statistical predictions. This should provide greater insight into climate change that is expected in MENA and reduce uncertainty, thereby instilling greater confidence in water resources planners and practitioners to incorporate climate change aspects into decision making. This research is believed to be particularly helpful because of scant research work done on this part of the globe on climate change.
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Geographic information systems (GIS) are used in business and government and have potentially powerful applications to the library, specifically “interior GIS” mapping of the…
Abstract
Purpose
Geographic information systems (GIS) are used in business and government and have potentially powerful applications to the library, specifically “interior GIS” mapping of the collection itself. This paper seeks to argue for the implementation of GIS software in library collection analysis.
Design/methodology/approach
The paper explains GIS history, the technology, design with spreadsheet and ILS database, statistical advancements, power of the GIS connection, and the importance of “democratizing” technology for libraries.
Findings
GIS is a powerful tool for any business or organization that keeps inventory and monitors transactional usage. GIS is going to be implemented in libraries sooner rather than later. The libraries that implement GIS early will have an intellectual advantage over those coming on‐board late. GIS should be part of collection librarian technology.
Practical implications
Librarians can benefit from visually analyzing the collection and its use trends. GIS will allow librarians to forecast demand for future allocations, uncover collection strengths and weaknesses, and monitor statistics in a way that is impossible with current spreadsheets. Managers will be able to track interlibrary loan trends, branch and neighborhood use volumes and will be able to match use maps with building layout and design for better functionality and loss prevention.
Social implications
GIS will revolutionize statistical analysis in every field it enters. It is argued in the paper to be the first modern tool for the twenty‐first century librarian, the first piece of technology to serve the librarian first, with system and user as beneficiary of the product of GIS analysis.
Originality/value
This paper introduces GIS to a new audience and to those familiar with GIS, applies GIS in a new direction, to the interior space of the library and its items as subject.