This paper aims to present a recent history of developments and innovations that, along with advances in information technology, have caused fundamental changes in the way that…
Abstract
Purpose
This paper aims to present a recent history of developments and innovations that, along with advances in information technology, have caused fundamental changes in the way that financial risk is created, transformed, transported and extinguished in modern financial intermediation systems. A review and critique of the global supervisory response to these developments is presented.
Design/methodology/approach
A bottom-up approach to the capture, recording, disaggregation, re-composition and measurement of new, standardized, basic elements of risk that the authors refer to as risk quanta is proposed.
Findings
This approach provides a clearer understanding of the financial world that the people live in today and creates a robust information platform to build innovations, advancements and economic growth in the future.
Practical implications
This approach provides decision-makers with a clearer understanding of the financial world that the people live in today and creates a robust information platform to build innovations, advancements and economic growth in the future.
Social implications
This approach provides financial market participants and the public with a clearer understanding of the financial system and creates a robust information platform to build innovations, advancements and economic growth in the future.
Originality/value
This approach is more comprehensive unlike current international proposals for a global financial risk framework.
– The purpose of this paper is to present a policy proposal for building a new framework for gathering, measuring and disclosing financial risk information in the global economy.
Abstract
Purpose
The purpose of this paper is to present a policy proposal for building a new framework for gathering, measuring and disclosing financial risk information in the global economy.
Design/methodology/approach
The paper examines the current state of the financial risk framework, notes its advantages and disadvantages and proposes a new construct that aims to address some of the shortcomings that are currently in place. The goals of a robust financial risk model are examined to determine the design of the proposed risk framework.
Findings
The proposed open-source financial risk model separates the dual function that internal risk models perform within financial institutions, first to attempt to optimize the risk–return profile of mostly private economic rent-seeking entities, and second to maximize safety and soundness considerations for the public which is at risk of bearing the consequences of financial actors.
Practical implications
The model allows widespread use of robust financial risk models.
Social implications
The model enables a more transparent and democratic process for risk management.
Originality/value
The study proposes a new global supervisory framework.
Practical implications
The model allows widespread use of robust financial risk models.
Social implications
The model enables a more transparent and democratic process for risk management.
Originality/value
The study proposes a new global supervisory framework.
Details
Keywords
North Korean politics.
Details
DOI: 10.1108/OXAN-DB206693
ISSN: 2633-304X
Keywords
Geographic
Topical
Citizens are substantial stakeholders in every e-government system, thus their willingness to use and ability to access the system are critical. Unequal access and information and…
Abstract
Citizens are substantial stakeholders in every e-government system, thus their willingness to use and ability to access the system are critical. Unequal access and information and communication technology usage, which is known as digital divide, however has been identified as one of the major obstacles to the implementation of e-government system. As digital divide inhibits citizen’s acceptance to e-government, it should be overcome despite the lack of deep theoretical understanding on this issue. This research aimed to investigate the digital divide and its direct impact on e-government system success of local governments in Indonesia as well as indirect impact through the mediation role of trust. In order to get a comprehensive understanding of digital divide, this study introduced a new type of digital divide, the innovativeness divide.
The research problems were approached by applying two-stage sequential mixed method research approach comprising of both qualitative and quantitative studies. In the first phase, an initial research model was proposed based on a literature review. Semi-structured interview with 12 users of e-government systems was then conducted to explore and enhance this initial research model. Data collected in this phase were analyzed with a two-stage content analysis approach and the initial model was then amended based on the findings. As a result, a comprehensive research model with 16 hypotheses was proposed for examination in the second phase.
In the second phase, quantitative method was applied. A questionnaire was developed based on findings in the first phase. A pilot study was conducted to refine the questionnaire, which was then distributed in a national survey resulting in 237 useable responses. Data collected in this phase were analyzed using Partial Least Square based Structural Equation Modeling.
The results of quantitative analysis confirmed 13 hypotheses. All direct influences of the variables of digital divide on e-government system success were supported. The mediating effects of trust in e-government in the relationship between capability divide and e-government system success as well as in the relationship between innovativeness divide and e-government system success were supported, but was rejected in the relationship between access divide and e-government system success. Furthermore, the results supported the moderating effects of demographic variables of age, residential place, and education.
This research has both theoretical and practical contributions. The study contributes to the developments of literature on digital divide and e-government by providing a more comprehensive framework, and also to the implementation of e-government by local governments and the improvement of e-government Readiness Index of Indonesia.
Details
Keywords
Park is already a lame duck with barely a year left to serve and her public support rate is just 5%. Her authority is irretrievably lost, but she refuses to resign. The…
Details
DOI: 10.1108/OXAN-DB216618
ISSN: 2633-304X
Keywords
Geographic
Topical
Hyunmin Hwang, Moon Sung Kang, Jong Hun Han, Kwonwoo Shin and Jeong Ho Cho
The authors aimed to develop environmentally stable NIR‐absorbing windows by blending a near‐infrared (NIR)‐absorbing dye and a photo‐crosslinkable polymer.
Abstract
Purpose
The authors aimed to develop environmentally stable NIR‐absorbing windows by blending a near‐infrared (NIR)‐absorbing dye and a photo‐crosslinkable polymer.
Design/methodology/approach
To prepare an environmentally stable NIR‐absorbing window, a NIR‐absorbing dye was mixed with crosslinkable poly(vinyl cinnamate) (PVCn). The crosslinking of PVCn was carried out by photo‐dimerisation reaction of cinnamate with UV‐exposure at a wavelength of 254 nm for 4 min.
Findings
The resistance of the photo‐crosslinked hybrid films against humidity, heat, and ultraviolet radiation damage was improved dramatically relative to the pristine NIR‐absorbing dye. These improvements result from the protection of NIR‐absorbing dye to moisture exposure in the presence of the polymer network.
Originality/value
The simple and practical method resulted in a dramatic improvement in the environmental stability of NIR‐absorbing window.
Details
Keywords
Song Hee Koo, Kyungmin Park, Hyunmin Hwang, Youngjae Yoo, Jong Hun Han, Kwonwoo Shin and Jeong Ho Cho
The purpose of this paper is to develop environmentally stable near‐infrared (NIR)‐absorbing windows by blending an NIR‐absorbing dye and a thermally‐crosslinkable polymer.
Abstract
Purpose
The purpose of this paper is to develop environmentally stable near‐infrared (NIR)‐absorbing windows by blending an NIR‐absorbing dye and a thermally‐crosslinkable polymer.
Design/methodology/approach
To enhance the environmental stability of the NIR‐absorbing window, a poly(vinyl phenol‐co‐methyl methacrylate) (poly(VP‐co‐MMA)) prepolymer and a poly(melamine‐co‐formaldehyde) (PMF) cross‐linking agent were mixed, and thermal crosslinking was performed under mild conditions (100°C).
Findings
The resistance of the crosslinked hybrid films to heat, humidity, and ultraviolet radiation damage improved dramatically relative to the pristine NIR‐absorbing dye. The improved environmental stability of the crosslinked NIR hybrid film resulted from the reduced free volume and restrictions in the molecular thermal dynamic motions of the polymer due to the presence of the crosslinked network surrounding the NIR‐absorbing dye molecules.
Originality/value
The methods provided a novel, simple, and practical solution to improving environmentally stability of NIR‐absorbing window.
Details
Keywords
Keun-Hwan Kim, We Shim, Young-Ho Moon, Oh-Jin Kwon, Kang-hoe Kim and Jong-ku Son
This study aims to contribute to the comprehension of managerial implications in all the new convergences fields: bioinformation technology (BIT), nanoinformation technology…
Abstract
Purpose
This study aims to contribute to the comprehension of managerial implications in all the new convergences fields: bioinformation technology (BIT), nanoinformation technology (NIT), nanobiotechnology (NBT) and bioinformation–nanotechnology (BINT). The phenomenon of convergence that significantly impacted economies and societies in the information technology era has continued to be combined with new technologies such as nanotechnology and biotechnology. Many countries have tried to seize the initiative to strengthen the future competitiveness, and it become increasingly important for roles of companies to expand applications of the new convergence.
Design/methodology/approach
From a company-based perspective, the study quantifies leading companies’ degree of influence in each convergence field.
Findings
However, the result shows that companies’ influences are not mature enough to transfer the initiatives from both the NBT and BINT convergence fields. In addition, this study presents a perceivable framework for companies/institutions by identifying which technological fields the companies/institutions are influential in and what degrees of technological impact are shaped among them. As a result, this allows companies/institutions to recognize their environments squarely.
Originality/value
This study applied the replacement process that can reinforce the investigation of the extent to which a firm has a significant ability to influence others directly and indirectly. From the methodology perspective, such replacement can intensely display the structure and the extent of competition among firms. Therefore, the results provide an explicit information to understand the overall business situation.
Paper type
Research paper
Developments in North Korean politics and foreign policy following the Party Congress.