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Article
Publication date: 17 October 2008

Xiangzhao Huang, Hu Wan and Hongtao Zhou

To take relative actions to cope with the threat which network finance information security now encounters by constructing controlling tactical and synergetic model.

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Abstract

Purpose

To take relative actions to cope with the threat which network finance information security now encounters by constructing controlling tactical and synergetic model.

Design/methodology/approach

It is practical to use the synergetic self‐organization theory to calculate the effects that the force of synergetic system of controlling tactics to financial information security makes on network financial system, and it is also practical to construct the synergetic model of controlling tactics to network financial information security on the basis of it.

Findings

Through applying synergetic analysis to controlling tactical system of network financial information security, it can be found out that controlling tactical system is an open system which changes from disorder to order and which keeps away from a balancing state. As an opening system, controlling tactics are interacting with outside from now and then.

Research limitations/implications

Network financial information security takes on dynamics, relativity, integrity and complexity. Accessibility of data is the main limitations which model will be applied.

Practical implications

From the view of network financial information security, constructing controlling tactical and synergetic model of information security are explained.

Originality/value

Network finance is orientated as a special social and economic system. The author does analysis on the network financial system, and expounds order parameters and model of network financial system.

Details

Kybernetes, vol. 37 no. 9/10
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 24 August 2012

Vafa Moayedi and Matin Aminfard

The purpose of this study is to provide solid examination of Iran's Islamic financial system and its development after the end of the Iran‐Iraq war in 1988.

Abstract

Purpose

The purpose of this study is to provide solid examination of Iran's Islamic financial system and its development after the end of the Iran‐Iraq war in 1988.

Design/methodology/approach

The analysis is conducted by using financial data over the period 1993‐2007 as solid data aren't available for the period 1988‐1992. Parallel, 39 other countries are analyzed as well in order to have a solid international basis of comparison. The data are provided by the World Bank's financial dataset. The paper computes three key‐indices referring to the activity, efficiency, and size of Iran's financial sectors. A fourth measure is calculated as an aggregated index of the three key‐indices in order to allow a vivid comparison with other countries.

Findings

Iran's financial system is apparently highly bank‐based. The paper can confirm that Iran has been struggling for a less bank‐based financial system during this period. Although Iran still shows up a mainly bank‐based financial system, its financial market has been growing by considerable rates during the examined period. When referring to the international comparison, Iran shows up an underdeveloped and weak financial system, especially in regard to its stock market.

Originality/value

There haven't been any similar research for this time period using this kind of indices. Especially, Iranian economists haven't used this very comprehensive approach in order to confirm the widely made assumption of a bank‐based Iranian financial system. This study sheds light on the topic and at the same time offers a comprehensive picture of Iran's financial system.

Details

International Journal of Islamic and Middle Eastern Finance and Management, vol. 5 no. 3
Type: Research Article
ISSN: 1753-8394

Keywords

Book part
Publication date: 23 September 2014

Chong M. Lau and Vimala Amirthalingam

Research on how performance measurement systems affect employees’ perceptions of workplace fairness is important. As organizations often rely on their performance measurement…

Abstract

Research on how performance measurement systems affect employees’ perceptions of workplace fairness is important. As organizations often rely on their performance measurement systems to communicate information to their employees, it is useful to ascertain if and how the developments of performance measurement systems that are far more comprehensive than traditional financial systems affect employees’ perceptions of informational fairness through the information communicated to employees. Informational fairness refers to employees’ perceptions of workplace fairness that is based on the amount and the truthfulness of information that organizations provide to their employees. Based on a sample of managers from manufacturing organizations, the Partial Least Square results indicate that comprehensive performance measurement systems (comprehensive PMS) have a significant direct effect on job-relevant information. They also indicate that comprehensive PMS have an indirect effect on informational fairness via job-relevant information. In contrast, systems that are based on financial measures have no significant effects on job-relevant information and informational fairness. These results demonstrate how comprehensive PMS (through the communication of a greater amount of job-relevant information) can be used to engender employees’ perceptions of high workplace fairness.

Book part
Publication date: 16 December 2016

Catherine Karyotis and Joseph Onochie

This chapter outlines the need for a sustainable financial system in the wake and aftermath of the recent financial crises. Beginning with the widely accepted definitions of the…

Abstract

Purpose

This chapter outlines the need for a sustainable financial system in the wake and aftermath of the recent financial crises. Beginning with the widely accepted definitions of the financial system and the roles of the many participants in the system, we ask whether the financial system has lived up to expectations. Of particular interest is whether the financial system has fulfilled its obligations in the area of provision of credit, liquidity, and risk-management services.

Methodology/approach

We review the Neoclassical Economics, the Institutional and the functional approaches to the design of a financial system with a view to understanding the recent lack of stability exhibited by the system. We identify the many financial innovations that have been proliferating in recent years due to advances and improvements in computer technology, valuation techniques, and financial engineering. We highlight the deleterious impact of the financialization of economies and excessive development of derivative markets. After defining financialization, we give specific examples of the nature and impact of cat-bonds, securitized subprime loans, and credit-default swaps and their role in the propagation of the recent financial crisis. Finally, we propose some courses of action to secure the global financial system.

Findings

We identify ten challenges in achieving a sustainable financial system in the future and stress the need for all stakeholders to work to put the financial world in order and to restore confidence in the financial system.

Research implications

Scholars and practitioners might take into account these dimensions in their courses and their behaviors.

Practical/social implications

This approach participates to rebuild the financial system. The aim over the long term is to re-embed finance; we need to put finance with respect to both economy and society.

Originality/value

Arguments in this chapter are straightforward; there are things that regulators are implementing; for others, nothing has been decided yet. This chapter gives an academic perspective to help authorities to regulate banking and financial activities and products.

Details

Finance and Economy for Society: Integrating Sustainability
Type: Book
ISBN: 978-1-78635-509-6

Keywords

Abstract

Details

Understanding Financial Stability
Type: Book
ISBN: 978-1-78756-834-1

Abstract

Details

Central Bank Policy: Theory and Practice
Type: Book
ISBN: 978-1-78973-751-6

Abstract

Details

Dynamics of Financial Stress and Economic Performance
Type: Book
ISBN: 978-1-78754-783-4

Article
Publication date: 19 December 2022

Rob Glew, Carl-Magnus von Behr, Kaya Dreesbeimdiek, Emma Houiellebecq, Roman Schumacher, Sudhir Rama Murthy and Mukesh Kumar

This paper is motivated by the gap between the extensive academic discussion of industrial resilience and the limited resilience observed in response to large disruptions. Its…

Abstract

Purpose

This paper is motivated by the gap between the extensive academic discussion of industrial resilience and the limited resilience observed in response to large disruptions. Its purpose is to investigate the relationship between the industrial resilience of manufacturing and service operations and the resilience of the supporting financial, legal and political systems. This research identifies the impact of high or low levels of resilience in these supporting systems on the ability of industrial operations to perform as required in disrupted environments.

Design/methodology/approach

The authors combine a multi-disciplinary literature review with empirical data from four exploratory case studies. First, the authors review the literature on resilience in the fields of operations management, finance, law and political science to bring the terminology and concepts of these fields closer together. This review also defines the independent variables of the study: financial, legal and political resilience. Second, the authors use the framework from the literature to analyse data from four case studies of operations in difference contexts and sectors.

Findings

Industrial resilience is interdisciplinary, nuanced and complex. High levels of industrial resilience require high levels of financial, legal and political resilience. However, the activities required to improve the resilience of these supporting systems are often outside the locus of control of operations managers. Multiple perspectives on resilience must be coordinated to strengthen the response of industrial operations to large disruptions.

Research limitations/implications

As a conceptual and exploratory study, this paper does not utilise quantitative data or in-depth case studies. The authors demonstrate the importance of an interdisciplinary perspective on industrial resilience and provide a theoretical framework that can serve as a foundation to further studies of resilience. The review of the literature provides a glossary of definitions of resilience that improves clarity in this disparate field.

Practical implications

Managers can apply the findings of this work to start cross-functional discussions in their firms that recognise the multiple dimensions of industrial resilience and improve the resilience of the supporting systems. The exploratory case studies provide concrete guidance for how managers in the fields of humanitarian and development operations, healthcare and manufacturing can improve industrial resilience by considering the interaction with the supporting financial, legal and political systems.

Originality/value

This study is the first to provide detailed conceptual discussion and empirical evidence for the interdisciplinary nature of industrial resilience in the context of public sector and non-governmental organisations. Combining evidence from different contexts and sectors demonstrates the broad industrial value of this work.

Details

Continuity & Resilience Review, vol. 5 no. 1
Type: Research Article
ISSN: 2516-7502

Keywords

Article
Publication date: 7 March 2013

Ian D. Blackman, Christopher P. Holland and Timothy Westcott

The purpose of this paper is to define and explore the concept of financial supply chain strategy in a global business environment. The paper aims to illustrate the concepts with…

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Abstract

Purpose

The purpose of this paper is to define and explore the concept of financial supply chain strategy in a global business environment. The paper aims to illustrate the concepts with a detailed case study of Motorola's global financial supply chain.

Design/methodology/approach

This is a detailed, longitudinal case study analysis of a focal organisation and its economic partners in a financial supply chain. The case study combines qualitative analysis of the strategy evolution with extensive time‐series data and quantitative analyses of the performance of the financial supply chain.

Findings

The financial supply chain is an integral component of Motorola's overall supply chain management strategy. Physical product, information systems and financial flows are closely aligned with each other throughout the supply chain incorporating Motorola, its customers, suppliers and banks. The overall trend is towards the development of an integrated global financial supply chain in which cash flows mirror product flows. Motorola shares financial data with its suppliers as part of a cooperative strategy that generates cost savings for Motorola and its suppliers in areas such as foreign exchange and cash balances. The cooperative strategy also improves the quality of the payments process measured by six sigma techniques and produces strategic benefits such as risk reduction for the supply chain as a whole in areas such as foreign exchange and payments. A strategy of this type is only possible by taking a global perspective of the financial supply chain.

Research limitations/implications

The development of financial supply chains has not been fully addressed in the supply chain management literature. This paper defines this relatively new topic area and explains its significance in its own right, and also in terms of the inter‐relationships between finance and manufacturing supply chains. A research agenda for financial supply chains is proposed that describes a range of new research opportunities in this area.

Practical implications

The development of integrated financial supply chains will lead to significant savings in terms of funding, banking and administrative costs associated with treasury and payment activities. The implementation and nature of the strategic change also highlight important strategic planning and implementation issues associated with financial supply chains.

Originality/value

The strategic importance of financial supply chains for business and academic researchers is demonstrated through the definition of this topic and the application of a research framework to a detailed study of Motorola's global financial supply chain using time‐series data of strategy evolution and financial supply chain performance. The research findings and comparison with theory support the assertion that this is a relatively new and unexplored problem area that is of direct relevance and interest to researchers in supply chain management.

Details

Supply Chain Management: An International Journal, vol. 18 no. 2
Type: Research Article
ISSN: 1359-8546

Keywords

Article
Publication date: 1 March 2016

Yonghua Zou

Over the past three decade, China has established a housing finance system that borrows from the collective experiences of advanced economies. After examining the evolution of…

Abstract

Over the past three decade, China has established a housing finance system that borrows from the collective experiences of advanced economies. After examining the evolution of China’s housing finance system, the paper focuses on analyzing its challenges and recent changes. The paper argues that China’s highly-centralized financial system prefers financial stability but neglects financial liberalization, and then resulted in severe financial repression, which hurts the efficiency and equality of the housing finance service. After recovering from the 2008 financial crisis via high-cost financial intervention, China took some policy innovations to promote a decentralized finance mechanism, expand finance resources, and support affordable housing financing, through which China hopes to provide a more stable, affordable, and equal housing finance service to help more households own homes.

Details

Open House International, vol. 41 no. 1
Type: Research Article
ISSN: 0168-2601

Keywords

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