Information Systems & Economics eJournal最新文献_第10页

Fintech in Hong Kong – Blockchain, Business Model, and Challenges 香港的金融科技——区块链、商业模式和挑战

Information Systems & Economics eJournal Pub Date : 2020-03-17 DOI: 10.2139/ssrn.3806491

Yiu Kei Li, N. Harkiolakis

引用次数: 0

The Critical Role of the Institution‐Led Market in the Technological Catch‐Up of Emerging Market Enterprises: Evidence from Chinese Enterprises 制度主导型市场在新兴市场企业技术追赶中的关键作用:来自中国企业的证据

Information Systems & Economics eJournal Pub Date : 2020-03-16 DOI: 10.1111/radm.12399

Jiang Wei, Cong Sun, Qing Wang, Qiuyue Pan

{"title":"The Critical Role of the Institution‐Led Market in the Technological Catch‐Up of Emerging Market Enterprises: Evidence from Chinese Enterprises","authors":"Jiang Wei, Cong Sun, Qing Wang, Qiuyue Pan","doi":"10.1111/radm.12399","DOIUrl":"https://doi.org/10.1111/radm.12399","url":null,"abstract":"Innovation scholars have, in the past, applied the concept of ‘windows of opportunity’ to study latecomer firms’ catch‐up. Previous research treats this concept as three separate aspects, i.e., technological, institutional and market. The role of government was seen as being concerned only with institutional windows of opportunity. However, governments in emerging markets exert influence not only through traditional means of institutional support but, also, via market‐driven mechanisms. The former refers to state procurement, resource provision, legislation, and administrative control, whereas the latter is concerned with demand creation, resource allocation, and the regulation of market orders. This multifaceted nature of government in promoting economic growth, guiding technological development, and influencing enterprise behavior remains under‐researched. Yet, it plays a crucial role in the catch‐up of emerging market enterprises. Therefore, based on innovation studies literature and an institution‐based view of international business, the present research proposes a new construct, termed the institution‐led market, with the aim to encapsulate the complex role of government in the catch‐up of emerging market enterprises. The institution‐led market is defined as a unique type of market that is well‐timed and strategically created by the government and supported by institutional policies and resources. A large database of 259 Chinese firms in 37 industries was created and analyzed using a hierarchical logistic model to empirically test the relationship between the institution‐led market and technological catch‐up of emerging market enterprises. We demonstrate that the institution‐led market positively affects the catch‐up of emerging market enterprises; furthermore, it significantly moderates the effect of technological discontinuity on the catch‐up. Finally, the theoretical contributions and managerial implications of the present research are discussed.","PeriodicalId":13594,"journal":{"name":"Information Systems & Economics eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78355280","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 10

Digitalization of the State: Traps and Perspectives 国家数字化:陷阱与视角

Information Systems & Economics eJournal Pub Date : 2020-03-16 DOI: 10.2139/ssrn.3555018

E. Dobrolyubova

引用次数: 2

Do Emotions Sell? The Impact of Emotional Expressions on Sales in Space-Sharing Economy 情感能卖吗?空间共享经济中情感表达对销售的影响

Information Systems & Economics eJournal Pub Date : 2020-03-12 DOI: 10.2139/ssrn.3278207

Xunyi Wang, Meiling Jiang, Wencui Han, Liangfei Qiu

{"title":"Do Emotions Sell? The Impact of Emotional Expressions on Sales in Space-Sharing Economy","authors":"Xunyi Wang, Meiling Jiang, Wencui Han, Liangfei Qiu","doi":"10.2139/ssrn.3278207","DOIUrl":"https://doi.org/10.2139/ssrn.3278207","url":null,"abstract":"The digital technology underlying the concept of Industry 4.0 has brought new disruptive changes to the economy. As an innovative service model, the unique characteristics of the space-sharing economy require the understanding of emotional and psychological aspects in managing such a disruptive service model. We empirically examine the impact of unstructured emotional information that service providers offer (i.e., marketer-generated content) on the popularity and sales of services in space-sharing platforms (e.g., Airbnb) above and beyond objective qualities such as guest ratings or the size and amenities of the properties. For this, we leverage a unique dataset of a large-scale sample of Airbnb listings from New York City (NYC). The results of a panel analysis and a series of robustness checks reveal a curvilinear association between the affective expression of service providers and the sales of their services, that is, the effect of emotional expressions is positive at low levels, but it diminishes at high levels. To address the potential endogeneity, we use a 2SLS-IV approach, and the results validate our findings. Moreover, we conduct a randomized experiment to further establish causal inference. This study makes valuable contributions to the literature on service operation management and the sharing economy. Our findings shed light on how operations managers and service providers can use emotional information in space-sharing platforms. We provide practical examples to guide their actions. These insights also have implications for other platform owners and users to leverage emotional information and improve outcomes.","PeriodicalId":13594,"journal":{"name":"Information Systems & Economics eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75026848","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Knowing Your Customer: Empirical Implications for Raising Capital through Initial Coin Offerings (ICOs) 了解你的客户:通过首次代币发行(ico)筹集资金的实证意义

Information Systems & Economics eJournal Pub Date : 2020-03-05 DOI: 10.2139/ssrn.3549478

Galia Kondova, P. Shanmuganathan

{"title":"Knowing Your Customer: Empirical Implications for Raising Capital through Initial Coin Offerings (ICOs)","authors":"Galia Kondova, P. Shanmuganathan","doi":"10.2139/ssrn.3549478","DOIUrl":"https://doi.org/10.2139/ssrn.3549478","url":null,"abstract":"Major legal jurisdictions like the European Union (EU), Switzerland and the US took a stricter stance on ICOs in the period 2017-2018 by imposing anti-money laundering (AML) provisions and know-your-customer (KYC) requirements on ICOs. Shortly after that, a sharp decrease in the number of ICOs was registered. Moreover, this study provides empirical evidence of a negative impact of the introduction of KYC procedure on the amount of raised capital in ICOs. Furthermore, the fundraising impact of additional ICO characteristics like duration, team, vision, rating, and location is also studied in the paper. The study is based on a multivariate regressional analysis of an international sample of 855 ICOs in the period 2015 – September 2019. The paper concludes that introducing a KYC requirement crowds out anonymous (presumably delinquent) investors at the cost of the raised capital. At the same time, the stricter legislation enhances the establishment of a level-playing field for all tokenized financing instruments such as ICOs, security token offerings (STOs) and initial digital offerings (IDOs) thus putting the end of the “gold rush” of the ICOs.","PeriodicalId":13594,"journal":{"name":"Information Systems & Economics eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78841848","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A Statistical Classification of Cryptocurrencies 加密货币的统计分类

Information Systems & Economics eJournal Pub Date : 2020-03-04 DOI: 10.2139/ssrn.3548462

D. Pele, Niels Wesselhöfft, W. Härdle, M. Kolossiatis, Y. Yatracos

{"title":"A Statistical Classification of Cryptocurrencies","authors":"D. Pele, Niels Wesselhöfft, W. Härdle, M. Kolossiatis, Y. Yatracos","doi":"10.2139/ssrn.3548462","DOIUrl":"https://doi.org/10.2139/ssrn.3548462","url":null,"abstract":"The aim of this paper is to derive the main factors that separate cryptocurrencies from the classical assets, by using various classification techniques applied to the daily time series of log-returns. In this sense, a daily time series of asset returns (either cryptocurrencies or classical assets) can be characterized by a multidimensional vector with statistical components like variance, skewness, kurtosis, tail probability, quantiles, conditional tail expectation or GARCH parameters. By using dimension reduction techniques (Factor Analysis) and classification models (Binary Logistic Regression, Discriminant Analysis, Support Vector Machines, K-means clustering, Variance Components Split methods) for a representative sample of cryptocurrencies, stocks, exchange rates and commodities, we are able to classify cryptocurrencies as a new asset class with unique features in the tails of the log-returns distribution. The main result of our paper is the complete separation of the cryptocurrencies from the other type of assets, by using the Maximum Variance Components Split method. In addition, we observe a synchronicity in the evolution of of the cryptocurrencies, compared to the classical assets, mainly due to the tails behaviour of the log-return distribution.","PeriodicalId":13594,"journal":{"name":"Information Systems & Economics eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87389099","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

SoftBank Group: A Global Juggernaut or Japanese Jenga 软银集团:全球巨头还是日本棋局

Information Systems & Economics eJournal Pub Date : 2020-02-27 DOI: 10.2139/ssrn.3545035

M. Mukhopadhyay, Kaushik Ghosh, Abhisita Chakraborty, A. Sinha

引用次数: 0

Complexity and Information Systems Research in the Emerging Digital World 新兴数字世界中的复杂性和信息系统研究

Information Systems & Economics eJournal Pub Date : 2020-02-16 DOI: 10.25300/MISQ/2020/13304

Hind Benbya, Ning Nan, Hüseyin Tanriverdi, Youngjin Yoo

{"title":"Complexity and Information Systems Research in the Emerging Digital World","authors":"Hind Benbya, Ning Nan, Hüseyin Tanriverdi, Youngjin Yoo","doi":"10.25300/MISQ/2020/13304","DOIUrl":"https://doi.org/10.25300/MISQ/2020/13304","url":null,"abstract":"Complexity is all around us in this increasingly digital world. Global digital infrastructure, social media, Internet of Things, robotic process automation, digital business platforms, algorithmic decision making, and other digitally enabled networks and ecosystems fuel complexity by fostering hyper-connections and mutual dependencies among human actors, technical artifacts, processes, organizations, and institutions. Complexity affects human agencies and experiences in all dimensions. Individuals and organizations turn to digitally-enabled solutions to cope with the wicked problems arising out of digitalization. In the digital world, complexity and digital solutions present new opportunities and challenges for information systems (IS) research. The purpose of this special issue is to foster the development of new IS theories on the causes, dynamics, and consequences of complexity in increasing digital sociotechnical systems. In this essay, we discuss the key theories and methods of complexity science, and illustrate emerging new IS research challenges and opportunities in complex sociotechnical systems. We also provide an overview of the five articles included in the special issue. These articles illustrate how IS researchers build on theories and methods from complexity science to study wicked problems in the emerging digital world. They also illustrate how IS researchers leverage the uniqueness of the IS context to generate new insights to contribute back to complexity science.","PeriodicalId":13594,"journal":{"name":"Information Systems & Economics eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86120630","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Universalities in the Dynamics of Cryptocurrencies: Stability, Scaling and Size 加密货币动态的普遍性:稳定性、可扩展性和规模

Information Systems & Economics eJournal Pub Date : 2020-02-08 DOI: 10.21314/JNTF.2019.057

A. Pogudin, Anindya S. Chakrabati, T. Di Matteo

引用次数: 5

Risk Management of Mobile Financial Services (MFS) 流动金融服务的风险管理

Information Systems & Economics eJournal Pub Date : 2020-02-07 DOI: 10.2139/ssrn.3533743

K A Thamara Nilmini Senarathna

{"title":"Risk Management of Mobile Financial Services (MFS)","authors":"K A Thamara Nilmini Senarathna","doi":"10.2139/ssrn.3533743","DOIUrl":"https://doi.org/10.2139/ssrn.3533743","url":null,"abstract":"This paper provides a brief analysis on risks associated with the Mobile Financial Services (MFS). In current context where the position of mobile phone has strengthened in the financial services value chain, MFS have become popular and convenient way of making payments. Risk management mechanism for mobile financial industry is critical compared to other financial services that may not widely connected to the advanced technologies and permit the financial institution to control most part of the services directly within the institution. This paper briefly analyzes the method of managing the risks such as operational risks, strategic risks, reputation and compliance risks associated with the MFS. It has been realized that financial institutions have introduced wide array of mobile financial services that consist of innovative products and state-of-the-art technologies to accomplish modern customer needs and convenience. Advanced technology and user-friendly mobile applications are more prone to risks and fraudulent activities. Therefore, implementing proper supervisory and regulatory measures are vital to safeguard both service providers and consumers and ultimately financial systems stability of the country. Accordingly, major recent regulatory measures that have been taken by the Central Bank of Sri Lanka on managing risks of MFS has also been discussed in this paper.","PeriodicalId":13594,"journal":{"name":"Information Systems & Economics eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79879296","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0