{"title":"Building a Systematic Innovation Factor in Stock Investing","authors":"Margaréta Pauchlyová, Radovan Vojtko","doi":"10.57017/jorit.v3.1(5).03","DOIUrl":"https://doi.org/10.57017/jorit.v3.1(5).03","url":null,"abstract":"This paper has several aims. First, it seeks to answer whether a portfolio comprised of top innovators outperforms the S&P 500 index. To achieve this, a strategy was developed to invest long in top innovators based on their ranking, and its performance was compared to that of the broad-based index. Secondly, the paper aims to assess the volatility associated with innovative stocks, given the common belief that higher innovativeness carries higher risk. Additionally, it seeks to analyse the impact of sector factors on the portfolio's performance. Finally, the paper conducts a comparative analysis between the portfolio's performance and that of the ARK Innovation ETF (ARKK), which specifically focuses on investing in companies relevant to the theme of disruptive innovation.","PeriodicalId":165708,"journal":{"name":"Journal of Research, Innovation and Technologies (JoRIT)","volume":"72 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141280772","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}
{"title":"Evaluating Bitcoin Price Volatility Forecasting Models: A Comparative Analysis","authors":"Cristina Chinazzo, Vahidin Jeleskovic","doi":"10.57017/jorit.v3.1(5).01","DOIUrl":"https://doi.org/10.57017/jorit.v3.1(5).01","url":null,"abstract":"This paper conducts an extensive analysis of Bitcoin return series, with a primary focus on three volatility metrics: historical volatility (calculated as the sample standard deviation), forecasted volatility (derived from GARCH-type models), and implied volatility (computed from the emerging Bitcoin options market). These measures of volatility serve as indicators of market expectations for conditional volatility and are compared to elucidate their differences and similarities. The central finding of this study underscores a notably high expected level of volatility, both on a daily and annual basis, across all the methodologies employed. However, it's important to emphasise the potential challenges stemming from suboptimal liquidity in the Bitcoin options market. These liquidity constraints may lead to discrepancies in the computed values of implied volatility, particularly in scenarios involving extreme money or maturity. This analysis provides valuable insights into Bitcoin's volatility landscape, shedding light on the unique characteristics and dynamics of this cryptocurrency within the context of financial markets.","PeriodicalId":165708,"journal":{"name":"Journal of Research, Innovation and Technologies (JoRIT)","volume":"34 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140280372","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}
{"title":"Machine Learning Techniques in Financial Applications","authors":"Sami Mestiri","doi":"10.57017/jorit.v3.1(5).02","DOIUrl":"https://doi.org/10.57017/jorit.v3.1(5).02","url":null,"abstract":"Over the past few years, the financial sector has witnessed an increase in the adoption of machine learning models within banking and insurance domains. Advanced analytic teams in the financial community are implementing these models regularly. This paper aims to explore the various machine learning approaches utilized in these sectors and offers recommendations for selecting suitable methods for financial applications. Additionally, the paper provides references to R packages that can be used to compute the machine learning methods. Our aim is to bring a valuable contribution to the field of financial research by providing a more comprehensive and advanced method of credit scoring, which in turn improves assessments of customers' debt repayment capabilities and improves risk management tactics.","PeriodicalId":165708,"journal":{"name":"Journal of Research, Innovation and Technologies (JoRIT)","volume":"27 15","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140277242","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}
{"title":"Untangling the Jurisdictional Web in Cyberspace","authors":"Yassin Abdelkarim","doi":"10.57017/jorit.v2.2(4).08","DOIUrl":"https://doi.org/10.57017/jorit.v2.2(4).08","url":null,"abstract":"The ambiguous theme of cyberspace and its broad widespread inflict a major effect on the legal procedures of litigations. Since litigation might include several nationalities, because of the cosmopolitan nature of cyberspace, determining the competent court is not as direct as traditional litigations. Cyber litigations complicate this procedural threshold as the traditional application of jurisdiction determinants might not suit cyber disputes. Furthermore, jurisdiction conflicts in cyberspace frustrate settling the dispute as courts avoid giving their judgments due to invalidity. Therefore, these conflicts introduce a modern issue to private international law theorists. It is indisputable that drafting obvious jurisdictional rules enhances the rule of law in cyberspace. Thus, the research analyses this issue and establishes a comparison to determine the state of the art regarding it. The article reviews the relevant academic contributions and legislation to point out how they crystallize the aspects of the research question. Besides, it studies relevant case laws from the UK and US judiciaries to conclude the legal principle they adopt to settle these conflicts and to enhance the validity of their judgments. Eventually, it introduces a comprehensive theory on settling jurisdiction conflicts regarding cyber litigation, which enhances the rule of law in cyberspace. ","PeriodicalId":165708,"journal":{"name":"Journal of Research, Innovation and Technologies (JoRIT)","volume":"152 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139013831","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}
{"title":"Testing Parallel Trends in Differences-in-Differences and Event Study Designs: A Research Approach Based on Pre-Treatment Period Significance","authors":"John Michael RIVEROS-GAVILANES","doi":"10.57017/jorit.v2.2(4).07","DOIUrl":"https://doi.org/10.57017/jorit.v2.2(4).07","url":null,"abstract":"Traditional tests for parallel trends in the context of differences-in-differences are based on the observation of the mean values of the dependent variable in the treatment and control groups over time. However, given the new discussions brought by the development of the event study designs, controlling for observable factors may intervene in the fulfilment of the parallel trend assumption. This article presents a simple test based on the statistical significance of pre-treatment periods which can be extended from the classic Differences-in-Differences up to event study designs in universal absorbing treatments. The test requires at least two pre-treatment periods and can done by constructing appropriate dummy variables.","PeriodicalId":165708,"journal":{"name":"Journal of Research, Innovation and Technologies (JoRIT)","volume":"721 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138985987","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}
{"title":"Individual Privacy and Data Protection Rights. The Legal and Economic Consequences of the Violation During the Covid-19 Pandemic","authors":"Biljana Damjanović, Sanja Grbović, Danilo Ćupić","doi":"10.57017/jorit.v2.2(4).09","DOIUrl":"https://doi.org/10.57017/jorit.v2.2(4).09","url":null,"abstract":"The basic constitutional freedoms and rights of a person and citizen are in principle unlimited: the full scope of their exercise is the rule, and the restriction determined by law can only be an exception based on explicit constitutional authority and the legitimate aim of the restriction determined by the Constitution. That being so, the restrictions - in addition to being based on constitutional authority and pursuing constitutional objectives - should be commensurate with the needs to achieve these objectives. This means that restrictive legal rules must be suitable for achieving the legitimate aim pursued, must not be stricter than necessary and must be balanced between the constitutionally guaranteed subjective right of the individual and the interests of society.In this paper, the authors point out the economic and legal consequences of the violation of individual privacy and data protection rights caused by the public disclosure of personal data of people who, at a certain time, were obliged to self-isolate due to suspicion of Covid-19 virus infection. ","PeriodicalId":165708,"journal":{"name":"Journal of Research, Innovation and Technologies (JoRIT)","volume":"2 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139016184","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}
{"title":"Societal Patterns Evolution Model in Development of Economy, Society, and Environment","authors":"D. Gakh","doi":"10.57017/jorit.v2.2(4).03","DOIUrl":"https://doi.org/10.57017/jorit.v2.2(4).03","url":null,"abstract":"The Societal Patterns Evolution Model (SPEM) (Gakh, 2023a) has been developed to apply to socio-technical systems. It contains patterns representing stages of societal development. Mapping of these patterns to the development of Information and Communication Technologies (ICTs) and Information Systems was presented at FedCSIS 2022 Conference (Gakh, 2022c). This paper discusses the application of SPEM to model the development of three pillars of sustainability: economic, social, and environmental (Purvis et al., 2019; United Nations, 2023). An Artificial Intelligence model has been developing to evaluate scholarly papers according to the SPEM model including economic, social, and environmental indicators (Gakh, 2023b).","PeriodicalId":165708,"journal":{"name":"Journal of Research, Innovation and Technologies (JoRIT)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129511355","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}
{"title":"Technological Transfer Channels of Food and Beverage Processing Multinationals to Host Countries: An Empirical Analysis","authors":"R. Rama","doi":"10.57017/jorit.v2.2(4).01","DOIUrl":"https://doi.org/10.57017/jorit.v2.2(4).01","url":null,"abstract":"This research examines the possibility of food and beverage (F&B)-processing multinational corporations serving as a viable conduit for the international diffusion of technology. It utilizes existing literature to analyse three potential avenues through which technology transfer occurs from these corporations to host sectors: contract farming, domestic collaboration for innovation, and spillover effects of Foreign Direct Investment (FDI). In specific instances, these firms might provide support to local innovators through financial assistance or complementary resources. Additionally, they may actively facilitate technology transfers to particular types of local partners and they may generate demonstration effects. Nevertheless, the prevailing evidence consistently indicates that the impact of FDI on the host sector is generally limited or selective. The findings of this study cast doubt on the overly optimistic views held by international organizations and host governments regarding FDI in the food sector as a major source of cutting-edge technology for host countries. The incentives offered to food and beverage multinationals should be carefully calibrated to strike a balance between acknowledging potential benefits to the sector's innovation system and maintaining a realistic perspective on the actual outcomes. This study combines and analyses three separate empirical lines of research in parallel to offer factual elements for a policy debate. By integrating these different research approaches, the study aims to contribute to a well-informed discussion on relevant policy matters.","PeriodicalId":165708,"journal":{"name":"Journal of Research, Innovation and Technologies (JoRIT)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129282790","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}
{"title":"Coopetition in Mearth. A Strategy Beyond Rivalry to Develop the Moon-Earth Ecosystem","authors":"Daniele Schilirò Daniele SCHILIRÒ","doi":"10.57017/jorit.v2.2(4).02","DOIUrl":"https://doi.org/10.57017/jorit.v2.2(4).02","url":null,"abstract":"The space economy, which refers to the diverse economic activities and industries that are related to outer space and space exploration, has been steadily growing over the years and has become a significant driver of technological innovation and economic growth. The growth of the space economy has been facilitated by technological advancements, reduced launch costs, and increased participation from private companies. This paper explores a new geographic space called “Mearth”, representing the Moon and Earth as a unified space. Specifically, the paper focuses on the innovations developed within the Mearth ecosystem that can contribute to an improved future. It is a conceptual-theoretical paper aiming to identify viable solutions to attract investments, generate technologies, and establish a new ecosystem within the novel geographic space of Mearth. This contribution supports the view that the coopetition strategy - essentially entailing cooperation among competitors - could represent the most suitable approach to join efforts to implement Mearth's economic system and its ecosystem. The primary reason lies in this strategy's ability to align the divergent interests of the ecosystem stakeholders. In terms of outcomes, the paper shows that a coopetition strategy leads to win-win solutions and will benefit all stakeholders in the Mearth ecosystem.","PeriodicalId":165708,"journal":{"name":"Journal of Research, Innovation and Technologies (JoRIT)","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124818039","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}
{"title":"The Relationship Between Competition, Tourism and Sustainable Development: Three Interdependent Topics","authors":"Panagiotis N. Fotis, M. Korre","doi":"10.57017/jorit.v2.1(3).06","DOIUrl":"https://doi.org/10.57017/jorit.v2.1(3).06","url":null,"abstract":"In recent years, there has been considerable interest in examining the relationship between\u0000 tourism and sustainable development. For firms to act friendly against the environment,\u0000 competition authorities must provide them with the appropriate legal certainty they need to make\u0000 the necessary investments towards sustainability. Also, energy intensity flows must be kept up\u0000 more closely since the empirical results point out its substantially positive contribution in\u0000 terms of air pollution Therefore, policy implications should be strengthened towards more\u0000 installation of renewable energy and a convergence of environmental policies towards more\u0000 efficient energy use among EU countries. Energy intensity flows must be kept up more closely\u0000 since the empirical results point\u0000 out its substantially positive contribution in terms of air pollution.\u0000","PeriodicalId":165708,"journal":{"name":"Journal of Research, Innovation and Technologies (JoRIT)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129901586","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}