Fengyi Lin, Olivia R.L. Sheng and Soushan Wu
The eChain type of bank accounting information system (eCBAS) is proposed to facilitate standard business document electronic exchanges between banks, central factories, and their…
Abstract
Purpose
The eChain type of bank accounting information system (eCBAS) is proposed to facilitate standard business document electronic exchanges between banks, central factories, and their satellite vendors in the virtual world. This framework integrates various software applications, running on a variety of platforms and/or frameworks facilitating the electronic exchange of standard business documents.
Design/methodology/approach
Instead of scrapping legacy systems, this framework takes advantage of web services, XBRL, web intelligent, pre‐warning systems and security technologies to improve the quality and accuracy of accounting information, supporting continuous monitoring and auditing.
Findings
Through eCBAS, financial institutes can now closely monitor the cash or production flows of their satellite vendors. Commercial banks can shorten the loan application periods and also offer quick loans with low‐cost capital to domestic small and medium satellite vendors at different operating stages.
Originality/value
This framework integrates a value chain product view to stress that all value chain activities be coupled together including account activities and fund capitalization. For concept verification, this paper presents a HNCB prototype bank accounting system based on the eCBAS framework. The successful implementation of eCBASs will provide banks/customers an increased level of comfort allowing transaction processing to be continued in an accurate, complete and highly controlled environment.
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Utilizing the Marxist theory of unequal exchange to explain the terms of trade between nations, this paper elucidates one possible mechanism that…
Abstract
Purpose
Utilizing the Marxist theory of unequal exchange to explain the terms of trade between nations, this paper elucidates one possible mechanism that gives rise to ecologically unequal exchange between developed and developing economies.
Design/methodology/approach
We propose a two-sector linear production model and demonstrate that a decrease in the organic composition of capital and an increase in the rate of surplus value in a sector will lead to a relative price decrease and value transfer out of that particular sector, as well as increasing the environmental costs of trade. Furthermore, we measure the levels of unequal exchange (value transfer) and ecologically unequal exchange of 40 economies and empirically validate their relationship.
Findings
The findings suggest that an important cause of the ecologically unequal exchange is the value transfer between economies caused by the international division of labor and real wage disparities. The inequality in international trade is a significant factor contributing to the gap in the ecological environment level between developed and developing economies.
Originality/value
By introducing the theory of unequal exchange or value transfer into the analysis of ecological unequal exchange, we provide a mathematical framework for analyzing ecological unequal exchange and a method for calculating the scale of ecological unequal exchange and value transfer, thereby enhancing the theoretical depth and practical significance of the ecological unequal exchange theory.
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Keywords
Martin Aruldoss, Miranda Lakshmi Travis and V. Prasanna Venkatesan
Bankruptcy is a financial failure of a business or an organization. Different kinds of bankruptcy prediction techniques are proposed to predict it. But, they are restricted as…
Abstract
Purpose
Bankruptcy is a financial failure of a business or an organization. Different kinds of bankruptcy prediction techniques are proposed to predict it. But, they are restricted as techniques in predicting the bankruptcy and not addressing the associated activities like acquiring the suitable data and delivering the results to the user after processing it. This situation demands to look for a comprehensive solution for predicting bankruptcy with intelligence. The paper aims to discuss these issues.
Design/methodology/approach
To model Business Intelligence (BI) solution for BP the concept of reference model is used. A Reference Model for Business Intelligence to Predict Bankruptcy (RMBIPB) is designed by applying unit operations as hierarchical structure with abstract components. The layers of RMBIPB are constructed from the hierarchical structure of the model and the components, which are part of the reference model. In this model, each layer is designed based on the functional requirements of the Business Intelligence System (BIS).
Findings
This reference model exhibits the non functional software qualities intended for the appropriate unit operations. It has flexible design in which techniques are selected with minimal effort to conduct the bankruptcy prediction. The same reference model for another domain can be implemented with different kinds of techniques for bankruptcy prediction.
Research limitations/implications
This model is designed using unit operations and the software qualities exhibited by RMBIPB are limited by unit operations. The data set which is applied in RMBIPB is limited to Indian banks.
Originality/value
A comprehensive bankruptcy prediction model using BI with customized reporting.