• Title/Summary/Keyword: an emerging economy

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Digital Entrepreneurship in Indonesia: A Human Capital Perspective

  • MUAFI, Muafi;SYAFRI, Wirman;PRABOWO, Hadi;NUR, Sofyan Ashari
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.351-359
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    • 2021
  • Digital technology has become a new economic and social force, reshaping traditional business models, strategies, structures, and processes. This is a challenge for human capital to develop continuously in this dynamic era; one of the solutions is digital entrepreneurship. Digital entrepreneurship focuses on creating new ventures and transforming existing businesses by developing novel digital technologies or novel usage. Further, digital technology has also enabled the growth of the sharing economy, linking owners and users, and disrupting the previous dualism of businesses and customers. This paper provides a novel contribution regarding the emerging concept of Digital Entrepreneurship. Based on a qualitative literature review and interview with university staff, lecturers, and students in four large public and private universities in West Java and DIY Province, an interpretative framework for Digital Entrepreneurship has been proposed, which comprises of the following components: motivation (the rationale for the adoption of digital technology for academic entrepreneurship), stakeholders (the stakeholders involved through digital technology to achieve the academic entrepreneurship goal), process (the processes of academic entrepreneurship supported by digital technologies), and business form (the emerging forms of digital academic entrepreneurship). This research also shows several alternative government policies to improve digital entrepreneurship in the academic environment.

Key Audit Matters Readability and Investor Reaction

  • CHIRAKOOL, Wichuta;POONPOOL, Nuttavong;WANGCHAROENDATE, Suwan;BHONGCHIRAWATTANA, Utis
    • Journal of Distribution Science
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    • v.20 no.9
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    • pp.73-81
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    • 2022
  • Purpose: This study aimed to examine whether key audit matters (KAMs) readability influences investor reaction. Research design, data, and methodology: The signaling theory was applied to explain the behavior of investors when they receive useful information for their decisions. Data were collected from 1,866 firm-year observations from Thai listed companies in both the Stock Exchange of Thailand (SET) and the Market for Alternative Investment (MAI) for the fiscal years of 2016-2019. The study was based on secondary data, which were collected from the SET Market Analysis and Reporting Tool (SETSMART) database and the Stock Exchange of Thailand's website (www.set.or.th). A statistical regression method was used with panel data analysis to evaluate possible associations between KAMs readability and investor reaction. The study relied on popular readability measures (Fog Index). Moreover, investor reaction was measured by absolute cumulative abnormal return and abnormal trading volume. Results: It was found that the KAMs readability has positive significance on both absolute cumulative abnormal return and abnormal trading volume. Conclusion: This study showed a significant contribution to the implication of KAMs in an emerging economy. The results reveal that more readable KAMs disclosure distributed new insights and useful information to investors and led to reducing the information gap between auditors and investors.

An Analysis on the Coupling of Korea's Economy and U.S. Economy through the Asset Market (자산시장을 통한 한국경제와 미국경제의 동조화 분석)

  • Kim, Jongseon
    • International Area Studies Review
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    • v.15 no.3
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    • pp.393-405
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    • 2011
  • Three different models have been consecutively employed with the U.S. yield curve and the Korean composite stock price index, firstly to see the coupling between the economies of the U.S. and Korea, secondly to find out the time consumed completing the coupling, and lastly to figure out the impact of the recent U.S. financial crisis on this coupling. This study has, first of all, produced an empirical research outcome which proved the existence of coupling between two countries' economies. The direction of this coupling was consistent with the general expectation that when the yield spread between the U.S. 10-year Treasury Note and the U.S. 3-month Treasury Bill increased which often occurred with better prospects of U.S. economy, the asset price of emerging economies including Korea also rose reflecting the accompanying change in investment atmosphere in favor of risk. It has also found out that the degree of the coupling was maximized with a lag of one week. And finally the recent US financial crisis has been revealed to reduce the degree of the coupling by as much as half in a regression model with a dummy variable.

Research on Safety Measures for Design and Operation of Alkaline Water Electrolysis Facility (알칼라인 수전해 설비 설계 및 운영의 안전대책 연구)

  • Hyeon-Ki Kim;Doo-Hyoun Seo;Kwang-Won Rhie;Tae-Hun Kim;Seong-Chul Hong
    • Journal of the Korean Institute of Gas
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    • v.28 no.2
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    • pp.17-23
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    • 2024
  • As interest in sustainable and eco-friendly energy increases due to various problems in the carbon economy, a hydrogen economy that utilizes hydrogen as a main energy source is emerging. Among the methods of producing hydrogen, the water electrolysis method based on renewable energy produces environmentally friendly green hydrogen because it produces hydrogen from water. The water electrolysis facility currently under development produces hydrogen by receiving electricity directly from renewable energy and uses KOH(potassium hydroxide) as an electrolyte. In this study, HAZOP(Hazard and Operability Study), a qualitative risk assessment, was conducted on alkaline water electrolysis facilities to find problems and risk factors in the design and operation of water electrolysis facilities. Risks related to oxygen and KOH, an electrolyte, were identified as major risks, and it is believed that the safety of facilities and workers can be secured based on emergency action plans and safe operation procedures.

Does the Gap between Domestic and International Gold Price Affect Money Demand?: Evidence from Vietnam

  • TUNG, Le Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.3
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    • pp.163-172
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    • 2019
  • The paper aims to investigate the impact of the gap between domestic and international gold price on money demand in Vietnam, an emerging economy in the Asian region. We use a quarterly database collected from the first quarter of 2004 to the fourth quarter of 2016. The time-series database includes 52 observations. The money demand is represented by M2; Domestic income is the Gross domestic product at the constant prices of 1994; Inflation rate is calculated by the Customer Price Index from the General Statistics Office of Vietnam. The result confirms the existence of a long-term cointegration relationship between the money demand and the gap between domestic and international gold price as well as some variables including domestic income, inflation, and real exchange rate. The regression results also show that the gap between domestic and international gold price has a positive impact on money demand in the Vietnamese economy. Besides, the domestic income and international gold price have positive impacts on money demand while the inflation and real exchange rate are negatively related in the long run. This proves that the gap between the domestic and international gold price really has a positive impact on money demand in Vietnam during the study period.

A Keyword-Based Big Data Analysis for Individualized Health Activity: Focusing on Methodological Approach

  • Kim, Han-Byul;Bae, Geun-Pyo;Huh, Jun-Ho
    • Annual Conference of KIPS
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    • 2017.04a
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    • pp.540-543
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    • 2017
  • It will be possible to solve some of the major issues in our society and economy with the emerging Big Data used across 21st century global digital economy. One of the main areas where big data can be quite useful is the medical and health area. IT technology is being used extensively in this area and expected to expand its application field further. However, there is still room for improvement in the usage of Big Data as it is difficult to search unstructured data contained in Big Data and collect statistics for them. This limits wider application of Big Data. Depending on data collection and analysis method, the results from a Big Data can be varied. Some of them could be positive or negative so that it is essential that Big Data should be handled adequately and appropriately adapting to a purpose. Therefore, a Big Data has been constructed in this study to applying Crawling technique for data mining and analyzed with R. Also, the data were visualized for easier recognition and this was effective in developing an individualized health plan from different angles.

Online Shopping Motivations, Information Search, and Shopping Intentions in an Emerging Economy

  • Singh, Devinder Pal
    • Asian Journal of Business Environment
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    • v.4 no.3
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    • pp.5-12
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    • 2014
  • Purpose - This study is aimed at examining Indian consumers' online shopping motivations, information search, and shopping intentions. The study intends to reveal the relationship between online shopping motivations, information search, and shopping intentions. Research design, data, and methodology - The study employs factor analysis to verify correct loading of items on corresponding factors, and to confirm the applicability of constructs in the Indian context. The model was verified using stepwise regression analysis. Results -The findings show that hedonic and utilitarian motivations significantly affect online information search and shopping intentions. The information search is a significant predictor of online purchase intention. Conclusions - Hedonic and utilitarian motivations are the salient factors affecting online information search and purchase intentions. Marketers are required to design websites that foster an enjoyable online experience. This will attract customers who will browse the website for a longer duration. More time devoted to information search will ensure brand building and loyalty.

A Study on B2B EC in Korea and a Policy Suggestion (B2B 전자상거래 동향과 활성화 방안)

  • Choi, Jae-Seob;Kim, Young-Min
    • International Commerce and Information Review
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    • v.4 no.1
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    • pp.1-19
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    • 2002
  • Emerging digital economy, e-business, especially business to business(B2B) electronic commerce is understood one most single critical competitive weapon for organizations' global competitiveness. According to government white paper, Korea's electronic commerce records expansion stage in its volume and variety. Although Korea has remarkable EC records, still some differences are existed compare to the developed countries. IT in the developed countries, played an engine for the economic restructuring as well as for the economic growth. But in Korea, it's not fully utilized by the reasons of economic and noneconomic bottlenecks. Under the digital economic surroundings, EC or e-Business, is a business system to achieve the economic efficiency in the levels of an organization as well as a nation. So, we have to find the ways to utilize our EC infrastructure to contribute for the nation's global competitiveness. To find the way, this study recommends two types of policies, pull and push, beyond the OECD's suggestion, to government in order to expansion of EC, especially B2B EC.

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The Convergence between Manufacturing and ICT: The Exploring Strategies for Manufacturing version 3.0 in Korea (제조업과 정보통신기술의 융합: 스마트 팩토리 4.0에 기반한 한국 제조업 3.0 성공 전략)

  • Yim, Myung-Seong
    • Journal of Digital Convergence
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    • v.14 no.3
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    • pp.219-226
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    • 2016
  • The aim of this study is to suggest the strategic implications for manufacturing 3.0 in Korea by reviewing an innovation approaches of German that is a source of manufacturing innovation in Europe. Today, growth potential of korean economy has been weakened by the rise of emerging economies. Furthermore, technological advantage of emerging economies has been strengthened. In this situation, Korea needs to make efforts to enhance global competitiveness. The growth of developing countries provides a new opportunities for Korea for export demand. However, this situation can be recognized as threats for Korea because Korea has to compete with those countries to expand market share. In this regard, reviewing the approaches of manufacturing innovation in German is important because German keeps remaining a high levels of competitiveness in spite of a rise of emerging economies and European recession. To do this, this research can give hints to advance the industrial policy improvements.

Conceptual design development of Guide Rail for Cleaning Robot in Curtain Wall Facade of Skyscraper (초고층 건축물 외벽 청소로봇 운용을 위한 가이드레일 개념(안) 개발)

  • Kim, Chang-Han;Han, Jae-Goo;Kim, Kyoon-Tai
    • Journal of the Korea Institute of Building Construction
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    • v.12 no.2
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    • pp.220-229
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    • 2012
  • In recent years, the number of high-rise buildings has been on the rise. As buildings have become larger in scale, significantly different issues related to their construction and maintenance have emerged. In addition, the automation and mechanization of the cleaning work for the curtain wall, one of the most frequently-performed tasks in building maintenance, is required as a fundamental measure. For this reason, a guide-rail cleaning robot system is emerging as one of the measures in response to external factors, including gust. Therefore, this is a preliminary study for the automation and mechanization of the curtain wall cleaning of high-rise buildings, and aims to derive the basic units and prepare for the concept of the guide rail. It is expected to serve as precedent research for the development and operation of a curtain-wall cleaning robot, and to prepare the basis for an final design of optimal guide rail.