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Article
Publication date: 8 March 2022

Katsiaryna Bahamazava and Stanley Reznik

In the age of DarkNetMarkets proliferation, combatting money laundering has become even more complicated. Constantly evolving technologies add a new layer of difficulty to already…

Abstract

Purpose

In the age of DarkNetMarkets proliferation, combatting money laundering has become even more complicated. Constantly evolving technologies add a new layer of difficulty to already intricated schemes of hiding the cryptocurrency’s origin. Considering the latest development of cryptocurrency- and blockchain-related use cases, this study aims to scrutinize Italian and Russian antimoney laundering regulations to understand their preparedness for a new era of laundering possibilities.

Design/methodology/approach

One of the most recommended ways to buy and sell cryptocurrencies for illegal drug trade on DarkNet was discovered using machine learning, i.e. natural language processing and topic modeling. This study compares how current Italian and Russian laws address this technique.

Findings

Despite differences in cryptocurrency regulation, both the Italian Republic and the Russian Federation fall behind on preventing cryptolaundering.

Originality/value

The main contributions of this paper: consideration of noncustodial wallet projects and nonfungible token platforms through the lens of money laundering opportunities, comparison of Italian and Russian antimoney laundering regulations related to cryptocurrency, empirical analysis of the preferred method of trading/exchanging cryptocurrency for DarkNet illegal trade using machine learning techniques and the assessment of how Italian and Russian regulations address these money laundering methods.

Details

Journal of Money Laundering Control, vol. 26 no. 4
Type: Research Article
ISSN: 1368-5201

Keywords

Article
Publication date: 18 May 2020

Waliu Olawale Shittu, Hammed Agboola Yusuf, Abdallah El Moctar El Houssein and Sallahuddin Hassan

This paper measures the impacts of foreign direct investment (FDI), globalisation and political governance on economic growth in West Africa. The empirical analysis also includes…

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Abstract

Purpose

This paper measures the impacts of foreign direct investment (FDI), globalisation and political governance on economic growth in West Africa. The empirical analysis also includes the interaction effect of political governance and FDI on the growth of the sub-region, over the period of 1996–2016.

Design/methodology/approach

The study employs the autoregressive distributed lag technique on data obtained from the World Bank and the KOF institute.

Findings

The study findings suggest a positive relationship between globalisation and political governance on economic growth. Even though there have been inconclusive results on the FDI–growth nexus, the authors found that FDI stimulates the growth of the sub-region, while political governance enhances the positive impact of FDI on economic growth. The other factors of growth included are labour, capital and government size, whose effects on growth are, respectively, negative, negative and positive.

Practical implications

The governments of the West African countries promote policies that attract FDI into the sub-region, so that economic performances may be enhanced. In addition, the governments of the West African sub-region should work to reap the benefits of globalisation, by promoting the competitiveness of their local economies in order to keep pace with the global markets. Finally, the political-governance infrastructures should be overhauled; the culture of accountability and transparency should be promoted, while all efforts should be made to improve stability in the political environment in order to increase investors' confidence in the West African economy.

Originality/value

This study is the first to single out the impacts of political governance, as categorised by the World Bank, through both direct and interactive measures. This is necessary in view of the assertion that political governance largely accounts for improved economic performance in an economy. The use of the Pesaran (2007) technique of unit root is also a deviation from existing studies. This is in view of the fact that it tests variable unit root in the presence of cross-sectional dependence; thus, controlling for contemporaneous correlation which was not considered in the first-generation tests.

Details

Journal of Economic Studies, vol. 47 no. 7
Type: Research Article
ISSN: 0144-3585

Keywords

Book part
Publication date: 3 September 2018

Lukman Raimi

Diverse understanding of corporate social responsibility (CSR) abounds among scholars and practitioners in Nigeria. The purpose of this chapter is to reinvent CSR in Nigeria…

Abstract

Diverse understanding of corporate social responsibility (CSR) abounds among scholars and practitioners in Nigeria. The purpose of this chapter is to reinvent CSR in Nigeria through a deeper understanding of the meaning and theories of this nebulous concept for better application in the industry. The qualitative research approach is adopted, relying on critical review of scholarly articles on CSR, website information of selected companies and institutional documents. It was found that there are diverse meanings of CSR in the reviewed literature, but the philanthropic initiatives and corporate donations for social issues are the common CSR practices in Nigeria. Besides, the eight dominant theories of CSR that find relevance for applications in the industry are shareholder/agency, stakeholder, legitimacy, instrumental, social contract, conflict, green and communication theories. The implication of the discourse is that better understanding and application of CSR theories would strengthen conceptual, theoretical and empirical research in the field of CSR. Besides, CSR theories are useful sources of information for practitioners for designing social responsibility policies and practices as well as for providing scholars with sound theoretical framework for academic research.

Details

Redefining Corporate Social Responsibility
Type: Book
ISBN: 978-1-78756-162-5

Keywords

Article
Publication date: 28 August 2024

Peter Ajonghakoh Foabeh and Vesarach Aumeboonsuke

This study aims to investigate the effects of three significant events – the 1994 CFA currency depreciation, the 2008 Global Financial Crisis (GFC), and instances of political…

Abstract

Purpose

This study aims to investigate the effects of three significant events – the 1994 CFA currency depreciation, the 2008 Global Financial Crisis (GFC), and instances of political coups – on the relationships between FDI inflow, economic growth, and governance within the Central African Economic and Monetary Community (CEMAC) countries. It seeks to evaluate how these events influence the linkages between FDI, economic growth, and governance, to aid the understanding of responses to external shocks and internal political disruptions.

Design/methodology/approach

The study employs a panel Vector Autoregression (VAR) analysis using data from 1990 to 2019 by exploring the dynamic relationships among FDI inflow, economic growth, and aggregate governance indicators within the CEMAC sub-region. The analysis was conducted utilizing the EViews software package, facilitating robust examination through the introduction of the Bayesian VAR to facilitate the interpretation of parameters and the data.

Findings

The results indicate that, contrary to initial hypotheses, growth and governance do not emerge as determinants for attracting FDI within the CEMAC sub-region. However, governance stands out as a crucial determining factor for economic growth. Furthermore, the study suggests that the 1994 CFA currency depreciation, the 2008 GFC, and instances of political coups did not significantly impact FDI, growth, and governance within these countries. Despite the potential vulnerability of the CEMAC countries to external shocks, the effects of these events on the dynamics of FDI, economic growth, and governance were not apparent. Notably, political instability, as evidenced by coups, emerges as a significant factor shaping the interactions between FDI, growth, and governance in CEMAC countries.

Research limitations/implications

These findings have significant implications for policymakers and stakeholders in the CEMAC countries. Understanding that governance has a central role in driving economic growth places great importance of prioritizing governance reforms to foster sustainable development. Moreover, the identification of political instability as a key determinant affecting the relationships between FDI, growth, and governance emphasizes the need for political stability and effective governance structures to attract and sustain FDI inflows as well as foster economic growth.

Originality/value

This study contributes to the existing literature by offering insights into the linkages between FDI, economic growth, governance, and external shocks within the CEMAC sub-region. By examining the specific impacts of the 1994 CFA currency depreciation, the 2008 GFC, and political coups on these dynamics, the study provides original perspectives on the resilience of CEMAC countries to external and internal disruptions.

Details

Journal of Advances in Management Research, vol. 22 no. 1
Type: Research Article
ISSN: 0972-7981

Keywords

Article
Publication date: 30 October 2009

L. Raimi and I. Adeleke

The purpose of this paper is to examine the issue of capacity utilisation (CU) in the Nigerian economy over the last 12 years (1991‐2003) with the view to determining if there has…

Abstract

Purpose

The purpose of this paper is to examine the issue of capacity utilisation (CU) in the Nigerian economy over the last 12 years (1991‐2003) with the view to determining if there has been significant improvement in CU despite changes in government policies initiated to boost the productive capacity level.

Design/methodology/approach

The methodology is basically descriptive and analytical. Planned and systematic collection, analysis and interpretation of secondary data are adopted to explain CU situation in Nigeria.

Findings

The paper shows that CU trends in Nigeria from 1993‐2003 ranges between 30 and 60 per cent.

Practical implications

The government and organised private sector organisations have a monumental role to play for positive changes and sustainable improvement of CU level in Nigeria through boosting aggregate demand, improved employment, low interest rate, improved export drive, cheap fuel and power supply, creation of enabling environment for businesses.

Originality/value

The results of this paper support the finance‐economics view that the relatively low level of CU across the sectors analysed suggests that firms in Nigeria are subject to economic constraints.

Details

Humanomics, vol. 25 no. 4
Type: Research Article
ISSN: 0828-8666

Keywords

Article
Publication date: 13 November 2017

Irfan Ullah and Muhammad Arshad Khan

The purpose of this paper is to examine the determinants of foreign direct investment (FDI) by focusing on institutional and economic factors among South Asian Association for…

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Abstract

Purpose

The purpose of this paper is to examine the determinants of foreign direct investment (FDI) by focusing on institutional and economic factors among South Asian Association for Regional Cooperation (SAARC), Association of South East Asian Nations (ASEAN) as well as Central Asian countries over the period 2002-2014.

Design/methodology/approach

The generalized method of moments technique is employed for analyzing the impact of institutional quality on FDI inflow by controlling for the effect of market size, domestic investment and labor force.

Findings

The authors found large variations in terms of the impact of institutional and economic variables in regards to FDI in the SAARC, Central Asian and ASEAN regions. The results reveal that real GDP, domestic investment and economic freedom index have a positive and significant effect on FDI inflows in the SAARC region, while governance index and labor force have a negative impact on FDI inflows. In Central Asia, the real GDP, domestic investment and governance index are positively associated with FDI inflows, whereas the effect of economic freedom index on FDI is negative as well as insignificant. Apart from the GDP, other variables such as labor force, domestic investment, governance and economic freedom indices influence FDI positively in the ASEAN region. It is worth mentioning here that domestic investment produces positive effect on FDI inflows in all the regions. On the whole, the authors may conclude that institutional factors play an important role in attracting FDI inflows in the ASEAN region as compared to Central Asian and SAARC regions.

Originality/value

A limited research work is available that could help in identifying the role of institutional and economic factors simultaneously in attracting FDI in the SAARC, Central Asian and ASEAN regions.

Details

Journal of Economic Studies, vol. 44 no. 6
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 30 July 2019

Penninah Syombua Musangi, Damaris Odero and Tom Kwanya

Academic libraries are reengineering their services to address the gap brought about by the convergence of physical and virtual information landscape. Despite the reengineering…

Abstract

Purpose

Academic libraries are reengineering their services to address the gap brought about by the convergence of physical and virtual information landscape. Despite the reengineering efforts, as many as 70 per cent of the libraries do not achieve the expected results. Certain critical success factors need to be in place for successful implementation. This paper aims to investigate the key success factors to service reengineering in an effort to establish their extent of application in university libraries in Kenya.

Design/methodology/approach

A multiple case study approach of six purposively selected private and public university libraries in Kenya based on Webometric ranking as an indicator of reengineering was used. Data were collected through face-to-face interviews with 30 librarians. The qualitative data collected were analyzed through content analysis.

Findings

The following key success factors were found to have been considered during reengineering: top management commitment, planning, provision of required resources, appropriate IT infrastructure, presence of skilled and competent staff, value of the library to the university and teamwork. Despite the central role of training, change management program and having a clear vision and objectives, university libraries in Kenya did not pay any attention to them as deserved. The authors conclude that university libraries in Kenya have not optimally achieved the desired reengineering results as a result of overlooking training and change management as critical success factors. The paper recommends that the identified critical success factors should be considered wholly not in isolation.

Research limitations/implications

The study was carried out among the top-ranked universities according to the January 2017 Webometric ranking; and therefore the findings may give a general indication of the critical success factors considered by university libraries in Kenya. However, this pre-condition may have locked out other libraries that may have made some recommendable strides in re-engineering their services.

Originality/value

This study has practical implications in identifying the critical success factors for library service reengineering to provide insights on the factors to consider as librarians reengineer library services.

Details

Global Knowledge, Memory and Communication, vol. 68 no. 6/7
Type: Research Article
ISSN: 2514-9342

Keywords

Book part
Publication date: 8 January 2021

Stephen Tsekea

The chapter discusses the importance of capacity building and need for continuous professional development for library and information science professionals in university…

Abstract

The chapter discusses the importance of capacity building and need for continuous professional development for library and information science professionals in university libraries. The changing dynamics in higher education, information and communication technologies and the shift in the learning landscape has led to more demands for skills and competencies of library and information professionals. The need for training is more urgent than before. If University Libraries are to remain relevant in the 21st Century, they need to constantly adapt and have professional staff who are able to cope with such rapidly changing environments enabling them to deliver resources and services efficiently and effectively. The chapter, therefore, document the importance of capacitating staff in university libraries.

Details

Examining the impact of industry 4.0 on academic libraries
Type: Book
ISBN: 978-1-80043-656-5

Keywords

Article
Publication date: 29 March 2011

Olufunmilola Adunni Abiodun and Rauf Olaposi Adeleke

The purpose of this paper is to evaluate the effect of dehulling/soaking on the chemical, functional and anti‐nutritional contents of three varieties of beans. This research work…

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Abstract

Purpose

The purpose of this paper is to evaluate the effect of dehulling/soaking on the chemical, functional and anti‐nutritional contents of three varieties of beans. This research work involved comparative study of the underutilized bean species with the commonly consumed beans in Nigeria.

Design/methodology/approach

Three species of legumes were used for this study. The cowpea seeds were divided into two parts. One part was milled and packaged for raw flour while the other part was dehulled and soaked for 30 min, dried in the oven, milled and packed. For the pigeon pea and African yam beans, the raw beans were milled and packaged while part of the seeds was steamed for 5 min and the coats were removed. The dehulled beans were soaked for 30 min, dried in the oven, milled and packaged. Chemical, functional and anti‐nutritional content were determined on the samples.

Findings

Fat content ranged from 0.95 to 1.98 per cent. Ash and crude fibre ranged from 1.98 to 6.13 and 2.41 to 7.90 per cent, respectively. Raw cowpea had the highest calcium content (3.86 per cent) while pigeon pea had higher value in magnesium content (2.01 per cent). Raw African yam beans had the highest iron content (23.44 per cent). Bulk density, swelling index and water‐absorption capacity ranged from 0.53 to 0.92 g/cm3, 2.3 to 5.9 and 0.9 to 2.8 ml H2O/g, respectively. African yam bean had higher values in oxalate, phytate and tannin contents while cowpea had higher saponin content. Raw flour of pigeon pea had higher value in trypsin inhibitor.

Originality/value

This work enables us to make use of the underutilized beans. These beans were higher in nutrients than the cowpea used. Processing of these beans will make them useful for human nutrition without imposing any health problem to the consumer. They could also be converted to flour and used in formulating food such as weaning food.

Details

Nutrition & Food Science, vol. 41 no. 2
Type: Research Article
ISSN: 0034-6659

Keywords

Article
Publication date: 22 January 2025

Mudofir Mudofir, Septin Puji Astuti, Nurwulan Purnasari, Sabariyanto Sabariyanto, Komali Yenneti and Deinsam Dan Ogan

The purpose of this research is to analyse the development and implementation of waste-to-energy (WtE) power plants as a strategy to manage municipal solid waste (MSW) in…

Abstract

Purpose

The purpose of this research is to analyse the development and implementation of waste-to-energy (WtE) power plants as a strategy to manage municipal solid waste (MSW) in Indonesia. It aims to identify key determinants for the successful adoption of WtE technology in developing countries, focusing on the Benowo WtE power plant, Indonesia’s first large-scale WtE project.

Design/methodology/approach

This study reviews the development of the Benowo WtE power plant, examining political, regulatory and financial factors influencing its implementation. It analyses the roles of national and local government institutions, highlighting critical elements for the successful deployment of WtE projects in a developing country context.

Findings

The review shows that the success of WtE projects in Indonesia is significantly influenced by strong local government commitment, supported by political, financial and regulatory backing from the national government. The Benowo WtE power plant’s development demonstrates that with adequate support, WtE can be a viable solution for managing MSW and generating energy in developing countries. The study also identifies barriers to broader WtE adoption in similar contexts.

Research limitations/implications

The study is limited to 12 WtE projects in Indonesia, with in-depth analysis focused on a single case, potentially overlooking challenges and opportunities in other regions. Furthermore, the study does not include an economic analysis, such as a feasibility assessment. Future research could expand to multiple WtE projects and incorporate primary data collection to provide more comprehensive findings, including feasibility studies of each project.

Practical implications

The findings provide practical guidance for policymakers and stakeholders in developing countries, identifying critical areas for successful WtE deployment and offering a blueprint based on the Benowo WtE power plant.

Social implications

Implementing WtE projects can improve waste management, reduce pollution, enhance public health, create jobs and stimulate local economies. The study underscores the importance of government and community collaboration in addressing environmental challenges and fostering shared responsibility.

Originality/value

This research offers novel insights into WtE technology development in a developing country, specifically focusing on Indonesia’s first large-scale WtE power plant. By analysing the Benowo WtE power plant, the study provides valuable lessons and strategies for other developing nations aiming to adopt WtE solutions for MSW management, emphasising the critical role of government support.

Details

International Journal of Energy Sector Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1750-6220

Keywords

1 – 10 of 339