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The purpose of this paper is to describe a theoretical model for banking regulation in relation to Basel accords implementation. As a risk manager practitioner at a financial institution and in-charge of Basel implementation in a Basel accords environment of banking regulation, the author has been intrigued by the theoretical basis of the design of Basel accords. The objective was to investigate a theoretical model in the literature according to which the accords were designed. In case of deficiency in the literature of this model, the author seeks to provide a juxtaposition to the theoretical model that explains the accords adoption and implementation by regulators.

This paper presents a review of existing literature.

After reviewing of public interest theory, cultural theory, administration theory and the new-institutionalism theory, the author found little application of these theories to the capital-based regulation, particularly in relation to Basel 2 accord. There is deficiency in the literature of a conceptual theoretical framework based on which the author can explain the adoption of Basel accords. The author has provided a theoretical model that links these theories to the practice of banking regulation. This paper found deficiencies in theories of how banks should be regulated as compared to several theories that explains why banks are regulated.

After reviewing of public interest theory, cultural theory, administration theory and the new-institutionalism theory, the author found little application of these theories to the capital-based regulation, particularly in relation to Basel 2 accord. There is deficiency in the literature of a conceptual theoretical framework based on which the author can explain the adoption of Basel accords. The author has provided a theoretical model that links these theories to the practice of banking regulation. This paper found deficiencies in theories of how banks should be regulated as compared to several theories that explains why banks are regulated.

Demand-based pricing fixes price according to customers’ perceptions of service value and to their resulting willingness to pay. This pricing approach enables service companies to align their prices to customers’ preferences and to their expenditure propensity. Accordingly, it can generate higher margins than other pricing approaches. Nevertheless, this approach is difficult to implement operationally. Consequently, in order to overcome these implementation difficulties, the purpose of this paper is to provide a demand-based pricing approach based on the user-friendly technique of service blueprint (SB).

The methodology relies on the design science leads. Design science deals with creating artefacts or models for supporting human or organizational purposes; such artefacts have to be assessed against criteria of utility or value for users. Accordingly, an experimental action research is performed for both implementing and testing the proposed pricing approach.

Starting from the main difficulties hindering implementation of demand-based pricing, SB is proved to enable companies to overcome such difficulties and to support its implementation. Moreover, by employing SB, an innovative approach for fixing service prices is provided.

The proposed approach enables managers of service companies to overcome difficulties of demand-based pricing and to employ pricing strategies according to demand-based drivers.

In line with a recent call for research on service pricing, this paper develops a new pricing approach, which is able to promote demand-based pricing.

An appropriate fixture layout can decrease the assembly variation of Aeronautical Thin‐Walled Structure (ATWS) substantially. The purpose of this paper is to develop a fixture layout method to minimize variation.

The paper uses genetic algorithm and ants algorithm (GAAA) to optimize the fixture layout by first, analyzing the “N‐2‐1” positioning principle of ATWS riveting, and then developing a hierarchical fixture layout model to represent the base points and locating points of ATWS. Second, information of base points and locating points is coded as gene and chromosome, according to a special coding rule and the fixture layout model. The fitness is also defined by the assembly variation of key characteristic points (KCPs). Third, the genetic and ants manipulations are discussed individually, and the two parts are connected by threshold value of the probability for chromosome in the genetic manipulation.

The method can solve the fixture layout problem of ATWS with automated riveting efficiently, which is shown as an example in this paper.

The assembly variation is decreased by using the method presented in this paper according to the variation comparison.

The hierarchical fixture layout model is proposed for the first time in this paper and base points and locating points are optimized successfully by the GAAA.

This study aims to examine nature-based tourists’ experiences in tree houses using user-generated content in Web reviews. The research objectives were to identify the main dimensions of tree house experiences and test whether these dimensions vary according to different traveller-type market segments.

A sample of 722 Web reviews was analysed using mixed content analysis methods. Leximancer software provided computer-assisted qualitative data analysis that identified the main themes, after which further qualitative analysis identified the key narratives associated with experiences.

The results reveal that tourists are extremely satisfied with their stays in tree houses. The main themes that encompass the dominant narratives are tree house, Costa Rica, staff, morning, walk, wildlife, rainforest, opportunity to learn, trip, experience and recommendation. The narratives vary according to type of traveller.

The valuable insights gained emphasise the advantages of using user-generated content in tourism studies. The results also offer a better understanding of the key dimensions of this type of nature-based tourism, including a graphic representation of the main themes and concepts in guests’ narratives. In addition, the findings emphasise that nature-based tourists are not a homogeneous group and that they can be segmented according to type of traveller.

As business globalisation and internet usage continue to grow, the internet‐based version of data warehouse systems (DWS) is expected to improve traditional DWS. However applying the web‐based interfaces to client‐server‐based DWS structures may cause problems such as inflexibility, inefficiency, loss of scalability, and threats to security. These arise due to the complexity of manipulation and management of heterogeneous data with various categories of decisional tasks. This paper seeks to develop a flexible mechanism by applying Extensible Markup Language as a foundation for an internet‐based DWS and to overcome the weaknesses of solely client‐server‐based DWS architecture.

For better control and security the proposed architecture utilises an embedded pull‐push mechanism to propagate the distributed decision information. This research also justifies the feasibility of the proposed mechanism by implementing a prototype, evaluating its performance, and conducting a real business case study.

The results indicate that the mechanism can not only improve DWS scalability and efficiency, but also enhance security.

The proposed architecture provides a support mechanism for business intelligence to efficiently and flexibly help companies make the right decisions in real time, grasp business opportunities and gain competitive advantage.

The purpose of this paper is to examine the multiplier effects of economic activities in the local economy of Greek non-metropolitan prefectures at NUTS3 level according to the Eurostat classification.

A disaggregate economic base model using OLS regression with clustered standard errors is implemented in 49 non-metropolitan prefectures and 17 economic activities for 2000 and 2012. The specific model indicates a clear picture of multiplier effects of economic activities among the prefectures as it has a similar logic to the input-output analysis while bearing in mind the spatial effects among prefectures. The specific model has not applied for testing base multipliers in the Greek economy according to the academic literature.

Non-traditional export-oriented activities play a significant role in the economic growth of the non-metropolitan prefectures. Their multiplier effects are higher than the traditional basic activities. Especially, some of these activities indicate strong shifts on specific local activities, which tend to be the significant multiplier effects on the overall local economy. Of course, the existence of agglomeration economies plays a considerable role in non-metropolitan prefectures with a significant population and non-metropolitan prefectures which are in insular space or belong to the perimetric and interior mountainous space, which are sparsely populated.

The specific model applies at the NUTS3 level, according to the Eurostat classification. Also, the model indicates that the multiplier effects come from non-traditional export activities, such as, information-communication, arts entertainment, health services, professional support services and real estate in the overall local economy. Finally, the spatial correlation influences the sectoral multipliers.

The purpose of this paper is to develop a model of “electronic social entrepreneurship” by integrating social entrepreneurship and information and communication technology to enhance social enterprise effectiveness. Social enterprise has recently emerged as a contemporary form of enterprise to achieve sustainable social order. Thus, besides building economic value, a primary goal of these enterprises is to create superior social value. Although, a considerable number of studies exist on social enterprise, the literature is still lacking in the discussion on electronic social entrepreneurship.

This study adopted inductive qualitative approach in which in-depth, semistructured interviews were conducted from 32 owners/managers/CEOs of registered social enterprises.

The analysis of interviews by qualified researchers resulted in the identification of four key themes. These themes included information and communication technology, information and communication technology–based innovation, environmental complexity and social value creation. Frequencies of all the identified themes were calculated, and based on these themes, literature review was conducted to find out the relationships between these themes and to introduce a model of electronic social entrepreneurship.

The model developed could be used by social enterprises for achieving higher social and economic returns.

Based on interviews and literature review, a unique model for electronic social entrepreneurship is developed.

Business process models, while primarily intended for process documentation, communication, and improvement, are often also used as input for developing process-oriented software systems (Ouyang et al., 2009). Ensuring correctness, handling complexity, and improving reusability and maintainability of business process models are important for all these goals. The purpose of this paper is to propose an aspect-oriented business process modeling and correctness controlling method based on Petri nets to satisfy these goals.

The aspect-oriented paradigm provides a proper mechanism to modularization, and thus reduces the complexity of models, and also improves reusability and maintainability. However, weaving aspects into base processes may bring in mistakes or errors. To ensure correctness of modeling, this paper presents a formal approach to modeling aspect-oriented business processes and a method to ensure modeling correctness. Petri net is used as the process modeling language and its analysis techniques are applied to analyze the correctness of modeling. Two types of correctness, specifically, aspect-aspect correctness and base-aspect correctness are analyzed. A real banking process model is studied systematically in the case study to evaluate the approach and the performance assessments are conducted to show the cost and effect of the approach.

Designing aspect-oriented business process models help organizations reusing the model elements to reduce redundancy of their model repository, improving their maintainability, and supporting them to adapt to the changes of business requirements with flexible modeling. It is important to stress that the correctness of business process modeling is important in ensuring the quality of the models, especially in the safety-critical business domains, such as financial business domain.

In this paper, separation of concerns is used to separate the cross-cutting activities and core activities in accordance with the different functions of these activities, and an approach to modeling aspect-oriented business processes is proposed. First, the cross-cutting activities are encapsulated as aspects, while core business activities are modeled as base processes. Then, according to the correctness requirements of business process models, based on the weaving mechanisms of aspect-oriented approach, weaving correctness is defined. Weaving correctness controlling methods between multi-aspects and between aspects and base processes are designed. Errors or mistakes of aspect-oriented business process modeling are prevented during the procedure of modeling to ensure error-free business process modeling.

The main objective of this paper is to analyse the content and extent of human capital disclosure by Spanish companies. It studies various factors related to the board of directors’ composition and functioning. These factors can be seen as mechanisms of corporate governance and the moderating role of managerial ownership, which help predict the behaviour of managers in relation to the human capital disclosure.

This study develops and applies a more comprehensive framework for coding information on human capital, integrating the intellectual capital and social responsibility perspectives in order to explain the content and extent of human capital disclosure. The research was based on a content analysis of 210 corporate reports from 2007 to 2016. A system-GMM estimator was used to test the hypotheses in four dynamic linear regression models of balanced panel data in order to address concerns of endogeneity.

The results show that companies are adapting to new regulations and voluntarily disclosing information on human capital – a trend which signals their commitment to responsible attitudes towards employees and stakeholders. The results also show that board composition and functioning are mechanisms of supervision, control and legitimacy that promote human capital disclosure, with managerial ownership acting as moderator for aligning interests between managers and stakeholders.

This study contributes to the literature on human capital disclosure by introducing a broader conception of human capital to coding information. It accomplishes this through considering aspects of the intellectual capital and social responsibility approaches, which provide a better understanding of companies’ human capital disclosure. In addition, it seeks to enrich the debate about the effects of corporate governance mechanisms– such as boards of directors and managerial ownership – on human capital disclosure.

The temporality of performance measurement systems has been claimed to affect actors’ time orientation, such as that of listed company managers. The purpose of this paper is to explore this view.

The study uses constructivist data gathered from executives in one listed and one non-listed company.

The study shows that the research on performance measurement is based on a linear-quantitative view on time that assumes that humans orient towards the future from one point, the present; this view excludes other time-related constructs, particularly the past, and highlights a choice between the short term and the long term, idealising the long term. It is shown that the performance measurement of non-listed company executives is constructed through past-based, present-based and future-based rationalities: executives acknowledge the past as a basis for present and future performance, present actions as shaping future performance and future plans and performance targets as bases for present actions. Listed company executives’ performance measurement is constructed predominantly through the present-based time rationality.

“The orientation from the present” and the “short” and “long terms” could be enhanced with time rationalities.

The evaluation periods within performance measurement systems do not determine the time orientations of the actors subjected to those systems; time rationalities could be considered when designing such systems.

The paper provides a novel view on performance measurement and time.