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Article
Publication date: 22 May 2023

Jack Field and A. Can Inci

As cryptocurrencies continue to gain viability as an asset class, institutional investors and publicly traded firms have started taking investment positions in digital currencies…

4765

Abstract

Purpose

As cryptocurrencies continue to gain viability as an asset class, institutional investors and publicly traded firms have started taking investment positions in digital currencies. What firms may not be considering, however, is the effect these assets may have on their risk profiles. This study aims to (1) measure the effect of cryptocurrencies on the risk and return characteristics of publicly traded companies; (2) decipher the motives behind holding cryptocurrencies as an asset class; and (3) determine whether one reason for holding is more effective than another. To conduct this research, the four largest publicly traded holders of cryptocurrency as well as four of the most prominent cryptocurrencies are explored.

Design/methodology/approach

The cross-sectional analysis approach has been used to analyze the daily returns, volatility, betas and Sharpe Ratios of firms during periods without cryptocurrency strategies and during periods with cryptocurrency strategies.

Findings

The impact of the cryptocurrency asset class on common stock performance and corporate disclosures are documented. The importance of risk disclosures on cryptocurrency holdings is emphasized: Firms must better inform their stakeholders through comprehensive disclosures in financial statements. Firms utilize cryptocurrencies for various reasons such as treasury management tools or as direct sources of income. Consequently, the impact on returns and risks varies substantially.

Originality/value

To the best of the authors’ knowledge, this is one of the first studies on cryptocurrency investments in the treasury departments of publicly traded companies. The study contributes to the literature by extracting relevant information regarding company risk reporting and cryptocurrency risk at firms. The conclusions also promote firm transparency with detailed reporting of cryptocurrency holding risks.

Details

Journal of Capital Markets Studies, vol. 7 no. 1
Type: Research Article
ISSN: 2514-4774

Keywords

Available. Open Access. Open Access
Article
Publication date: 2 April 2021

Jean Claude Mutiganda and Janne T. Järvinen

Research was conducted to investigate whether, and how, political accountability might stabilise when agents are faced with profound changes in external structures such as…

6599

Abstract

Purpose

Research was conducted to investigate whether, and how, political accountability might stabilise when agents are faced with profound changes in external structures such as competition laws and austerity policies.

Design/methodology/approach

We performed a field study from 2007 to 2015 in a regional hub in Finland and worked with data from document analysis, interviews and meeting observations. We have used embedded research design, where we apply methodological bracketing as well as composite sequence analysis for field research.

Findings

Accountability declined when irresistible external structures were the dominant influence on the unreflective actions of agents-in-focus. With time, however, the agents started acting critically by drawing on structures that could facilitate strategic actions to stabilise political accountability.

Research limitations/implications

The field research and interpretation of the data were limited to the organisation analysed; however, the theoretical arguments allow for analytical generalisations.

Practical implications

The research demonstrates how public officials and political decision-makers can eventually adopt a strategic approach when faced with irresistible change in external structures.

Social implications

The research demonstrates how public officials and political decision-makers can eventually adopt a strategic approach when faced with irresistible changes in external structures.

Originality/value

The study locates political accountability in the context of strong structuration theory and discusses how it is redefined by external structures.

Details

Accounting, Auditing & Accountability Journal, vol. 34 no. 9
Type: Research Article
ISSN: 0951-3574

Keywords

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Book part
Publication date: 17 May 2012

John Myrton Johnson

Reflecting on the contingencies and felicitous moments of life and career, a senior scholar celebrates the intellectual community and friends that inspired and sustained his…

Abstract

Reflecting on the contingencies and felicitous moments of life and career, a senior scholar celebrates the intellectual community and friends that inspired and sustained his efforts.

Details

Blue-Ribbon Papers: Behind the Professional Mask: The Autobiographies of Leading Symbolic Interactionists
Type: Book
ISBN: 978-1-78052-747-5

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Book part
Publication date: 16 August 2021

Martin Cathcart Frödén

Abstract

Details

A Circular Argument
Type: Book
ISBN: 978-1-80071-385-7

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Book part
Publication date: 17 May 2012

Joseph A. Kotarba

My intellectual journey as a sociologist and a symbolic interactionist began when I was a 13-year-old eighth-grader in Catholic School on the working-class, southwest side of…

Abstract

My intellectual journey as a sociologist and a symbolic interactionist began when I was a 13-year-old eighth-grader in Catholic School on the working-class, southwest side of Chicago. My eighth-grade nun pulled me aside after school one day and gently told me that, now that I should think about what to be when I grow up. She suggested I study to be “either a sociologist or a priest.” After some serious thought, I eliminated the option of becoming a priest – yet, the word sociologist was intriguing. I had no idea what it really meant, but it had a certain ring to it in 1960, when society was becoming a viable and visible orientation in terms of major events we were learning a little bit about from the good nuns and television – like civil rights, the cold war, and the space race. I took her advice and set out on a 50-year journey to become a sociologist. The map of the journey has been elusive, though, in that what it means to be a sociologist – especially an interactionist sociologist – has changed over the years as events in my life and the social world have evolved. This journey has had three segments: sociology as something to do; sociology as something to know; and sociology as something to be. The journey has been profound as well as fun because, as I continue to discover what it means to be an interactionist sociologist, I discover who I am.

Details

Blue-Ribbon Papers: Behind the Professional Mask: The Autobiographies of Leading Symbolic Interactionists
Type: Book
ISBN: 978-1-78052-747-5

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Book part
Publication date: 20 June 2008

Jean J. Boddewyn

Most years, several AIB members are elected as AIB Fellows on account of their excellent international business scholarship, and/or past service as AIB President or Executive…

Abstract

Most years, several AIB members are elected as AIB Fellows on account of their excellent international business scholarship, and/or past service as AIB President or Executive Secretary. The Fellows are in charge of electing Eminent Scholars as well as the International Executive and International Educator (formerly, Dean) of the Year, who often provide the focus for Plenary Sessions at AIB Conferences. Their history since 1975 covers over half of the span of the AIB and reflects many issues that dominated that period in terms of research themes, progresses and problems, the internationalization of business education and the role of international business in society and around the globe. Like other organizations, the Fellows Group had their ups and downs, successes and failures – and some fun too!

Details

International Business Scholarship: AIB Fellows on the First 50 Years and Beyond
Type: Book
ISBN: 978-0-7623-1470-6

Available. Open Access. Open Access
Article
Publication date: 18 September 2017

Sanjay V. Lanka, Iqbal Khadaroo and Steffen Böhm

The purpose of this paper is to provide a socio-ecological counter account of the role that agroecology plays in supporting the sustainable livelihoods of a co-operative of…

7949

Abstract

Purpose

The purpose of this paper is to provide a socio-ecological counter account of the role that agroecology plays in supporting the sustainable livelihoods of a co-operative of smallholder coffee farmers, where very little value is created at their end of the coffee commodity chain. Agroecology may be defined as the science that provides the ecological principles and concepts for the design and management of productive agricultural ecosystems that conserve natural resources.

Design/methodology/approach

This study uses a case study design of a coffee-producing co-operative in India using data collected from participant observation, focus groups and unstructured interviews with indigenous smallholder farmers. It combines the science of agroecology with the labour theory of value as a theoretical framework.

Findings

An agroecological approach supports agricultural biodiversity, while promoting sustainable livelihoods since members of the co-operative are able to reduce their use of external inputs. However, an agroecological transformation is curtailed by the continued dependence on corporate value chains. A framework using the labour theory of value is used to explain the extraction of surplus value from the labour of both the smallholder farmers as well as nature. This study provides evidence of the role of government policy and practice in perpetuating the status quo by not promoting either research on agroecology or direct consumer to producer value chains while providing subsidies for the inputs of industrial agriculture.

Originality/value

There have been very few studies that have provided an account of the limited value generated in agricultural commodity chains for smallholder farmers due to the need to purchase the inputs of industrial agriculture supported by government subsidies. This study extends the field of accounting for biodiversity into agriculture using the science of agroecology to explain the role played by biodiversity in increasing the amount of value generated by smallholder farmers. By utilising the labour theory of value, the authors have introduced the notion of the labour power of nature as represented by the environmental services that nature provides.

Details

Accounting, Auditing & Accountability Journal, vol. 30 no. 7
Type: Research Article
ISSN: 0951-3574

Keywords

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Article
Publication date: 9 October 2009

Songshan (Sam) Huang and Cathy H.C. Hsu

The purpose of this paper is to review the relevant literature on travel motivation and provides a scenario‐based discussion on the applications of travel motivation theories in…

18632

Abstract

Purpose

The purpose of this paper is to review the relevant literature on travel motivation and provides a scenario‐based discussion on the applications of travel motivation theories in the industry practice. The paper offers an invaluable practical interpretation of travel motivation and related management issues.

Design/methodology/approach

A comprehensive literature review on travel motivation is conducted to acknowledge the major theories. Two scenarios are presented and discussed by linking two motivation conceptual schemes, Maslow's hierarchy of needs theory and Plog's allocentrism/psychocentrism model, to practical issues in travel management.

Findings

The literature review discloses that travel motivation theories have evolved over time. By linking theories to industry practice, the paper advocates that travel managers be more conscious of travelers' internal psychological needs when designing travel services/products.

Originality/value

This paper offers a good understanding of travel motivation by discussing theoretical applications in real‐world situations.

Details

International Journal of Culture, Tourism and Hospitality Research, vol. 3 no. 4
Type: Research Article
ISSN: 1750-6182

Keywords

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Article
Publication date: 31 July 2009

Toke Bjerregaard, Jakob Lauring and Anders Klitmøller

Functionalist models of intercultural interaction have serious limitations relying on static and decontextualized culture views. This paper sets out to outline newer developments…

7576

Abstract

Purpose

Functionalist models of intercultural interaction have serious limitations relying on static and decontextualized culture views. This paper sets out to outline newer developments in anthropological theory in order to provide inspirations to a more dynamic and contextual approach for understanding intercultural communication research in cross‐cultural management (CCM).

Design/methodology/approach

The paper analyzes the established approaches to the cultural underpinnings of intercultural communication in CCM and examines how newer developments in anthropology may contribute to this research.

Findings

The standard frameworks for classifying cultures in CCM are based on a view of culture as static, formal mental codes and values abstracted from the context of valuation. However, this view, underwriting the dominating research stream, has been abandoned in the discipline of anthropology from which it originated. This theory gap between intercultural communication research in CCM and anthropology tends to exclude from CCM an understanding of how the context of social, organizational and power relationships shapes the role of culture in communication.

Practical implications

The paper proposes to substitute the view of culture as comprising of abstract values and codes as determinants of communication with concepts of culture as dynamically enfolded in practice and socially situated in specific contexts, in order to give new directions to theories on intercultural communication in CCM.

Originality/value

Scant research has compared intercultural communication research in CCM with new anthropological developments. New insights from anthropology are analyzed in order to open up analytical space in CCM.

Details

Critical perspectives on international business, vol. 5 no. 3
Type: Research Article
ISSN: 1742-2043

Keywords

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Article
Publication date: 1 September 1983

The circumstances in which carpet is specified will vary from new premises where advice may be sought from consultants, to the replacement of floor coverings in a small part of…

57

Abstract

The circumstances in which carpet is specified will vary from new premises where advice may be sought from consultants, to the replacement of floor coverings in a small part of old‐premises where the objective could be to ‘get something as good as the carpet that lasted 25 years that has just worn out’. The specifier may be an expert in the field, or a jack‐of‐all‐trades dependent on the local carpet supplier for advice and help. This article is directed towards the facilities manager with no expert knowledge and aims to provide him with the right questions. Some he will then be able to answer for himself: others he will be qualified to pass on to a resident expert or to an outside consultant.

Details

Facilities, vol. 1 no. 9
Type: Research Article
ISSN: 0263-2772

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