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Article
Publication date: 16 May 2019

Kalu N. Kalu

Based on data collected over a 15 year period (2000–2015) for 89 countries selected across nine geopolitical regions of the world, the purpose of this paper is to explore the role…

Abstract

Purpose

Based on data collected over a 15 year period (2000–2015) for 89 countries selected across nine geopolitical regions of the world, the purpose of this paper is to explore the role of economic development and the Hofstede index of national cultures in influencing level of government effectiveness and ICT diffusion; as well as the impact of ICT diffusion on government effectiveness. The level of economic development and a country’s ranking on the E-government index were found significant in explaining ICT diffusion and level of government effectiveness, respectively. But the findings also indicate that only the cultural factors such as Indulgence and long-term orientation (LTO) were quite significant in explaining level of government of effectiveness and ICT diffusion, respectively. The findings conclude that while some cultural factors may provide partial explanations for a country’s level of government effectiveness or ICT diffusion, but for other cultural elements, the path of influence is still unclear and at best debatable. Hence, in light of the growing emphasis placed on it in the literature, the effect of culture is limited and may have been overstated. ICT diffusion, while a necessary tool for administrative efficiency, is only but one piece of a larger puzzle and should be developed in consideration of and in the context of a broader framework of economic development, institutional design and behavioral practices.

Design/methodology/approach

This study examines how existing ICT diffusion and infrastructures among a set of 89 countries spread across nine world geopolitical zones has been able to improve their government effectiveness – as measured by their relative scores or rankings on the global “government effectiveness index” over a 15 year period (2000–2015); and also how specific cultural factors may influence the level of ICT diffusion. Drawing data from the United Nations e-Government knowledge database, the United Nations Development Program, the GlobalEconomy.com, as well as other socio-demographic sources, I examine key and associated indicators that influence information technology diffusion and its contributory effects on level of government effectiveness; as well as the impact of national cultures on ICT diffusion.

Findings

Overall, the finding from this analysis point to the fact that only two of the Hofstede national culture variables were significant (LTO and Indulgence). The other four national culture variables (Power Distance, Individualism, Masculinity/Femininity and Uncertainty Avoidance) were not. Indulgence has a negative effect on level of government effectiveness, while LTO has a positive effect on ICT diffusion. The other culture variables were not significant in any of the regression models, but they seem to congregate much closer to or around the mean.

Originality/value

This is the only work of its kind that has utilized the seven Hofstede indicators to test for the relationship between culture and technology over a long period of 15 years.

Details

International Journal of Organization Theory & Behavior, vol. 22 no. 2
Type: Research Article
ISSN: 1093-4537

Keywords

Article
Publication date: 17 October 2019

J.I. Ramos

The purpose of this paper is to develop a new transversal method of lines for one-dimensional reactiondiffusion equations that is conservative and provides piecewise–analytical…

Abstract

Purpose

The purpose of this paper is to develop a new transversal method of lines for one-dimensional reactiondiffusion equations that is conservative and provides piecewise–analytical solutions in space, analyze its truncation errors and linear stability, compare it with other finite-difference discretizations and assess the effects of the nonlinear diffusion coefficients, reaction rate terms and initial conditions on wave propagation and merging.

Design/methodology/approach

A conservative, transversal method of lines based on the discretization of time and piecewise analytical integration of the resulting two-point boundary-value problems subject to the continuity of the dependent variables and their fluxes at the control-volume boundaries, is presented. The method provides three-point finite difference expressions for the nodal values and continuous solutions in space, and its accuracy has been determined first analytically and then assessed in numerical experiments of reaction-diffusion problems, which exhibit interior and/or boundary layers.

Findings

The transversal method of lines presented here results in three-point finite difference equations for the nodal values, treats the diffusion terms implicitly and is unconditionally stable if the reaction terms are treated implicitly. The method is very accurate for problems with the interior and/or boundary layers. For a system of two nonlinearly-coupled, one-dimensional reactiondiffusion equations, the formation, propagation and merging of reactive fronts have been found to be strong function of the diffusion coefficients and reaction rates. For asymmetric ignition, it has been found that, after front merging, the temperature and concentration profiles are almost independent of the ignition conditions.

Originality/value

A new, conservative, transversal method of lines that treats the diffusion terms implicitly and provides piecewise exponential solutions in space without the need for interpolation is presented and applied to someone.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 29 no. 11
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 2 July 2024

Abdalmuttaleb Musleh Alsartawi

This study aims to examine the relationship between the diffusion of technology-enabled innovation in financial services (i.e. financial technology [FinTech]) and the financial…

Abstract

Purpose

This study aims to examine the relationship between the diffusion of technology-enabled innovation in financial services (i.e. financial technology [FinTech]) and the financial performance, i.e. profitability and market value of the banks listed in the Gulf Cooperation Council (GCC) countries.

Design/methodology/approach

An extensive review of the literature was carried out, and a diffusion index of 73 items including was adopted to measure the level of FinTech usage or diffusion for the banks that are listed on the GCC stock exchanges. The study used return on assets (ROA) and Tobin’s Q (TQ) as proxies to measure profitability and market value, respectively.

Findings

The findings of the empirical results indicate that there is a positive relationship between FinTech implementation and market performance (TQ) in the GCC banks. The results also showed that the highest level of FinTech implementation was 79.7% by United Arab Emirates banks followed by Bahraini banks at 76.7% based on the index developed for this study.

Practical implications

This study, hence, recommends that policymakers and governments implement supportive policies and initiatives, allowing consumers to embrace technology as part of their way of life. This encourages banks and other organizations to formulate strategies that integrate technology into operations.

Originality/value

This paper offers new contributions to the GCC literature regarding financial technology and provides recommendations to the GCC financial institutions, financial markets, policymakers and governments.

Details

Journal of Financial Reporting and Accounting, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1985-2517

Keywords

Article
Publication date: 20 January 2012

Edward Nissan and Farhang Niroomand

The purpose of this paper is to investigate differences between 46 countries, 25 of which are EU members, in their technological communication standards and technological efforts.

591

Abstract

Purpose

The purpose of this paper is to investigate differences between 46 countries, 25 of which are EU members, in their technological communication standards and technological efforts.

Design/methodology/approach

Two indexes were developed. The first, labeled Index 1, measures the communication standards of the 46 countries. The second index, labeled Index 2, measures their innovative efforts. Three different dimension variables were employed in each index. Analysis of variance and the coefficient of variation were used to find similarities and differences between and within the groups classified as EU and non‐EU.

Findings

Results show overall that there were no statistically significant differences in means when countries were grouped into EU and non‐EU.

Originality/value

The paper uses two indexes composed of indication variables to rate and rank 46 countries for their technological diffusion, considering communication standards and innovative efforts.

Details

Journal of Economic Studies, vol. 39 no. 1
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 28 April 2014

Daniel Prajogo, Ailie K.Y. Tang and Kee-Hung Lai

The purpose of this paper is to examine the diffusion of ISO 14001-based environmental management system (EMS) on five key organisational functions, namely production…

3831

Abstract

Purpose

The purpose of this paper is to examine the diffusion of ISO 14001-based environmental management system (EMS) on five key organisational functions, namely production, procurement, sales, logistics, and R&D. In examining the EMS diffusion, this paper focuses on two aspects of diffusion: the extent of diffusion of EMS and the balance of EMS diffusion across the five organisational functions.

Design/methodology/approach

Data were collected from 286 companies in Australia which were certified to ISO 14001. The respondents are personnel in the company who hold responsibility in managing the EMS.

Findings

The results show that the extent of diffusion of EMS has a positive effect on green products, green processes, and green supply chain management. In addition, diffusion variation (imbalance) has a negative effect on green product and green supply chain management. This study demonstrates the importance of both the depth and the balanced diffusion of EMS across different organisational functions in driving environmental management practices.

Research limitations/implications

The results support the theory of organisational climate which emphasises the importance of both climate level and climate strength. In the context of our study, firms with high both extensive (climate level) and balanced diffusion (climate strength) of EMS will produce better environmental innovations than those which only have climate level.

Practical implications

The results provide insights for managers to consider the extent and balance of diffusion of EMS in their organisational functions as an indicator of the implementation of EMS in their organisations.

Social implications

The findings imply the need for expanding the scope of collaborations beyond the firm's level, that is from being intra-organisational to inter-organisational by involving supply chain partners (primarily customers and suppliers). When the diffusion of environmental initiatives (including ISO 14001 EMS) can be extended to supply chain partners, the environmental effects will also be significantly larger and wider compared to when it is confined in individual firms.

Originality/value

This paper is one of the first to study the extent and balance of diffusion of EMS within organisations and its impact on environmental management practices

Details

International Journal of Operations & Production Management, vol. 34 no. 5
Type: Research Article
ISSN: 0144-3577

Keywords

Open Access
Article
Publication date: 25 April 2023

Anushka Verma, Prajakta Sandeep Dandgawhal and Arun Kumar Giri

The present study aimed to examine the relationship between information and communication technologies (ICT) diffusion, financial development and economic growth in the panel of…

3817

Abstract

Purpose

The present study aimed to examine the relationship between information and communication technologies (ICT) diffusion, financial development and economic growth in the panel of developing countries for 2005–2019.

Design/methodology/approach

The study employed the principal component analysis (PCA) to extract the index of ICT diffusion. First-generation panel unit root tests such as Levine Lin Chu (LLC), Im Pesaran Shin (IPS), Augmented Dickey-Fuller (ADF) and Phillips and Perron (PP) were employed to check the stationarity of the variables. Pedroni and Kao co-integration techniques were used to examine the existence of the long-run relationship, and co-integration coefficients were estimated using FMOLS and dynamic ordinary least squares (DOLS). The panel Granger causality approach examined the short-run and long-run causality.

Findings

The results confirmed that ICT diffusion, financial development and trade openness accelerate growth, whereas inflation dampens economic growth. Further, the causality test showed bidirectional causality between ICT growth and financial development growth but a unidirectional causality from financial development to ICT diffusion in developing countries.

Originality/value

The study recommends synchronizing public and private sector investment for a synergistic effect on ICT infrastructure and adequate investment in the financial sector to increase the growth rate in developing countries. Economic policies should be adopted toward incentives and subsidies to ensure affordable ICT services for disadvantaged communities. Also, training programs focussing on enhancing digital literacy to enable all segments of the population to use digital platforms for financial services are recommended.

Details

Journal of Economics, Finance and Administrative Science, vol. 28 no. 55
Type: Research Article
ISSN: 2218-0648

Keywords

Article
Publication date: 14 May 2018

Abdelmonem Oueslati and Yacine Hammami

This paper aims to investigate the performance of various return forecasting variables and methods in Saudi Arabia and Malaysia. The authors document that market excess returns in…

Abstract

Purpose

This paper aims to investigate the performance of various return forecasting variables and methods in Saudi Arabia and Malaysia. The authors document that market excess returns in Saudi Arabia are predicted by changes in oil prices, the dividend yield and inflation, whereas the equity premium in Malaysia is predicted only by the US market excess returns. In both countries, the authors find that the diffusion index is the best forecasting method and stock return predictability is stronger in expansions than in recessions. To interpret the findings, the authors perform two tests. The empirical results suggest irrational pricing in Malaysia and rationally time-varying expected returns in Saudi Arabia.

Design/methodology/approach

The authors apply the state-of-the-art in-sample and out-of-sample forecasting techniques to predict stock returns in Saudi Arabia and Malaysia.

Findings

The Saudi equity premium is predicted by oil prices, dividend yield and inflation. The Malaysian equity premium is predicted by the US market excess returns. In both countries, the authors find that the diffusion index is the best forecasting method. In both countries, predictability is stronger in expansions than in recessions. The tests suggest irrational pricing in Malaysia and rationality in Saudi Arabia.

Practical implications

The empirical results have some practical implications. The fact that stock returns are predictable in Saudi Arabia makes it possible for policymakers to better evaluate future business conditions, and thus to take appropriate decisions regarding economic and monetary policy. In Malaysia, the results of this study have interesting implications for portfolio management. The fact that the Malaysian market seems to be inefficient suggests the presence of strong opportunities for sophisticated investors, such as hedge and mutual funds.

Originality/value

First, there are no papers that have studied the return predictability in Saudi Arabia in spite of its importance as an emerging market. Second, the methods that combine all predictive variables such as the diffusion index or the kitchen sink methods have not been implemented in emerging markets. Third, this paper is the first study to deal with time-varying short-horizon predictability in emerging countries.

Details

Review of Accounting and Finance, vol. 17 no. 2
Type: Research Article
ISSN: 1475-7702

Keywords

Article
Publication date: 19 August 2022

Anushka Verma, Arun Kumar Giri and Byomakesh Debata

The main purpose of this paper is to analyze the role of information and communication technology (ICT) diffusion in women empowerment and in fostering the process of achieving…

Abstract

Purpose

The main purpose of this paper is to analyze the role of information and communication technology (ICT) diffusion in women empowerment and in fostering the process of achieving the Sustainable Development Goals (SDGs) in South Asian Association for Regional Cooperation (SAARC) countries using panel data from 2005 to 2020.

Design/methodology/approach

An ICT diffusion index was constructed using principal component analysis (PCA). Further, the study uses econometric techniques robust to cross-sectional dependence (CSD) which include Pesaran's CSD tests, second-generation unit root test, Pedroni, Kao, Westerlund cointegration test, FMOLS, DCCE, Driscoll–Kraay (DK) regression, and D&H causality tests.

Findings

ICT diffusion and economic growth have a significant and favorable impact on women's empowerment. However, fertility rates and trade openness harm women's empowerment. In addition, the causality test results depict a bidirectional causal relationship between ICT and women empowerment and between growth and women empowerment. In addition, unidirectional causality is detected between education and women's empowerment. Overall, the findings indicate that expanding ICT and bridging the digital divide, particularly among women, can be effective in achieving empowerment-related SDGs.

Originality/value

To date, there are hardly any studies in SAARC context that empirically evaluate the link between ICT, women empowerment, and the issue of sustainability in a unified framework. Therefore, this study is unique in terms of conceptualization and methodological robustness in this context. The study will benefit policymakers and regulatory bodies to formulate appropriate policies to empower women and thereby attain the SDGs by 2030.

Details

Journal of Economic and Administrative Sciences, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2054-6238

Keywords

Article
Publication date: 1 April 1977

G. Hayward, D.H. Allen and J. Masterson

Bases itself on the premise that the categorisation of people who may adopt innovations is not the sole answer to the length of time taken for diffusion of innovations, but that a…

Abstract

Bases itself on the premise that the categorisation of people who may adopt innovations is not the sole answer to the length of time taken for diffusion of innovations, but that a major factor is the characteristic of the innovations as perceived by adopters or non‐adopters. Says that marketers have an interest in decreasing the time taken for an innovation to diffuse throughout an industry by changing people from one category into another which is more progressive in outlook. States that two main industries were chosen to be used in this study – the flour milling industry and, to a lesser degree, the malting and dairying industries. Decided that the relationships between the time taken for innovations to diffuse throughout industry, and the characteristics of the innovations as perceived by technologists responsible for their introduction. Lays out the research method in detail and discusses this. Sums up that the research illustrates a method of studying the perceived characteristics technological innovation and shows a strong relationship between innovations and time taken.

Details

European Journal of Marketing, vol. 11 no. 4
Type: Research Article
ISSN: 0309-0566

Keywords

Article
Publication date: 30 September 2014

Cosimo Magazzino and Mantovani Michela

– The purpose of this paper is to examine the counterfeiting process in Italy, at a subnational level.

Abstract

Purpose

The purpose of this paper is to examine the counterfeiting process in Italy, at a subnational level.

Design/methodology/approach

The paper uses panel data estimators and mixture models regression.

Findings

The paper finds that homogeneous clusters of regions could be derived, as a result of economic and geographical reasons. Moreover, household and public administration expenditure, indirect taxation, foreigners/population ratio and the number of ports have a positive impact on the counterfeiting diffusion index.

Practical implications

The paper is practical as a source of reference in contrasting counterfeiting process.

Originality/value

The paper uses new data applying recent econometric techniques to find homogeneous groups of regions on counterfeiting index.

Details

Journal of Financial Crime, vol. 21 no. 4
Type: Research Article
ISSN: 1359-0790

Keywords

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