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Book part
Publication date: 15 October 2016

The exchange of reciprocal and quantitative consideration between transaction parties rests on the independent intentions and judgments of potential benefit for each. A transaction

Abstract

The exchange of reciprocal and quantitative consideration between transaction parties rests on the independent intentions and judgments of potential benefit for each. A transaction consummated between independent parties should logically be beyond subsequent unilateral modification. And, because “duality” is inherent in every exchange-priced transaction, the account form follows the lead of transaction substance. Conditions precedent to consummation of a transaction is two affirmative value judgments by the parties as to the benefits expected.

Details

A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays
Type: Book
ISBN: 978-1-78635-389-4

Article
Publication date: 13 February 2024

Md. Nazmus Sakib, Mahmuda Akter, Mohammad Sahabuddin and Mochammad Fahlevi

This study aims to identify the factors influencing cashless transactions toward digital payment systems using the extended UTAUT model in developing countries. This model was…

Abstract

Purpose

This study aims to identify the factors influencing cashless transactions toward digital payment systems using the extended UTAUT model in developing countries. This model was extended with perceived usefulness, perceived ease of use, facilitating conditions, perceived security/trust and social influence for assessing consumer behavior toward cashless transactions.

Design/methodology/approach

Using structural equation modeling (SEM), this study conducted a cross-sectional survey to collect data, providing a snapshot of the relationship between exogenous and endogenous variables.

Findings

The results of the study indicate that perceived usefulness, facilitating conditions, perceived trust/security and social influence have a significant influence on consumer intentions toward cashless transactions. Oppositely, leaving the perceived ease of use has no significant influence on consumer intentions toward the usage of cashless transactions.

Originality/value

The contribution of this study is to extend the UTAUT model for adopting cashless transactions in developing countries that will help government agencies, service providers and financial institutions design effective strategies in the future.

Details

Journal of Science and Technology Policy Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2053-4620

Keywords

Open Access
Article
Publication date: 5 February 2024

Vladislav Valentinov and Constantine Iliopoulos

Transaction cost economics sees a broad spectrum of governance structures spanned by two types of economic adaptation: autonomous and cooperative. Stakeholder theorists have drawn…

Abstract

Purpose

Transaction cost economics sees a broad spectrum of governance structures spanned by two types of economic adaptation: autonomous and cooperative. Stakeholder theorists have drawn much inspiration from transaction cost economics but have not paid explicit attention to the centrality of the idea of adaptation in this literature. This study aims to address this gap.

Design/methodology/approach

The authors develop a novel conceptual framework applying the distinction between the two types of economic adaptation to stakeholder theory.

Findings

The authors argue that the idea of cooperative adaptation is particularly useful for describing the firm’s collaboration with primary stakeholders in the joint value creation process. In contrast, autonomous adaptation is more relevant for firms interacting with secondary stakeholders who are not directly engaged in joint value creation and may not have formal contractual relationships with the firm. Accordingly, cooperative adaptation can be seen as vital for resolving team production problems affecting joint value creation, whereas autonomous adaptation addresses how the firm maintains legitimacy within the larger stakeholder environment.

Originality/value

Similar to its significance for transaction cost economics, the distinction between the two types of adaptation equips stakeholder theory with a new systematic understanding of a potentially broad spectrum of firm–stakeholder collaboration forms.

Details

Society and Business Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-5680

Keywords

Article
Publication date: 16 January 2024

Arief Rijanto

Know your customer (KYC), accounting standards, issuance, clearing, and trade settlement became the major barrier to implement accounting, accountability and assurance process in…

Abstract

Purpose

Know your customer (KYC), accounting standards, issuance, clearing, and trade settlement became the major barrier to implement accounting, accountability and assurance process in supply chain finance (SCF). Blockchain technology features have the potential to solve accounting problems. This research focuses on exploring how blockchain technology provides solutions to overcome the barriers of accounting process in SCF. The benefits, opportunities, costs and risks related to blockchain adoption are also explored.

Design/methodology/approach

Multi-case study and qualitative methods are used with a framework based on blockchain role to overcome the accounting process barriers. Ten blockchain projects in SCF and 29 interviews of participants as a unit of analysis are considered.

Findings

The findings indicate that blockchain technology offers solutions to solve accounting, accountability and assurance problems in SCF. Validity, verification, smart contracts, automation and enduring data on trade transactions potentially solve those barriers. However, it is also necessary to consider costs such as implementation, technology, education and integration costs. Then there are possible risks such as regulatory compliance, operational, code development and scalability risk. This finding reflects the current status of blockchain technology roles in SCF.

Research limitations/implications

This study unveils blockchain's SCF accounting potential, emphasizing multi-case method limitations and future research prospects. Diverse contexts challenge findings' applicability, warranting cross-industry studies for deeper insights. Addressing selection bias and integrating quantitative measures can enhance understanding of blockchain's accounting impact.

Practical implications

Accounting professionals can get an idea of the future direction and impact of blockchain technology on accounting, accountability and assurance processes.

Originality/value

This study provides initial findings on the potential, costs and risks of blockchain that is beneficial for parties involved in SCF, especially for banks and insurance underwriters. In addition, the findings also provide direction for the contribution of blockchain technology to accounting theory in the future.

Details

Asian Review of Accounting, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1321-7348

Keywords

Article
Publication date: 1 February 1997

David J. Flanagan, Claudio D. Milman and James P. D'Mello

The Latin American merger and acquisition (M&A) market offers enormous opportunities. M&A activity in Argentina, Brazil, Chile, Mexico and Venezuela is examined and compared with…

Abstract

The Latin American merger and acquisition (M&A) market offers enormous opportunities. M&A activity in Argentina, Brazil, Chile, Mexico and Venezuela is examined and compared with M&A activity in the United States. Characteristics examined include the industries and form of ownership of the target firms, the types of transactions, and the home countries of the acquiring firms. Differences are found between characteristics of M&A activity in the Latin American countries and the United States. Differences are also found among the characteristics of M&A activity in the various Latin American countries. Implications for managers and areas in need of additional research are discussed.

Details

International Journal of Commerce and Management, vol. 7 no. 2
Type: Research Article
ISSN: 1056-9219

Article
Publication date: 1 February 1993

Martin Kurth

Introduction Since the earliest transaction monitoring studies, researchers have encountered the boundaries that define transaction log analysis as a methodology for studying the…

Abstract

Introduction Since the earliest transaction monitoring studies, researchers have encountered the boundaries that define transaction log analysis as a methodology for studying the use of online information retrieval systems. Because, among other reasons, transaction log databases contain relatively few fields and lack sufficient retrieval tools, students of transaction log data have begun to ask as many questions about what transaction logs cannot reveal as they have asked about what transaction logs can reveal. Researchers have conducted transaction monitoring studies to understand the objective phenomena embodied in this statement: “Library patrons enter searches into online information retrieval systems.” Transaction log data effectively describe what searches patrons enter and when they enter them, but they don't reflect, except through inference, who enters the searches, why they enter them, and how satisfied they are with their results.

Details

Library Hi Tech, vol. 11 no. 2
Type: Research Article
ISSN: 0737-8831

Open Access
Article
Publication date: 4 September 2017

Li Wang, Yueting Chai and Yi Liu

The division of labor of e-commerce transaction system is an important research topic. However, there is a certain disparity between the current mainstream research model and the…

2529

Abstract

Purpose

The division of labor of e-commerce transaction system is an important research topic. However, there is a certain disparity between the current mainstream research model and the reality, which leads to a biased result. This paper aims to find the effects of transaction efficiency on the evolution of e-commerce transaction system’s division of labor and the relationships between the results and other parameters.

Design/methodology/approach

This paper puts forward a definition of transaction efficiency based on transaction services and establishes a model of middleman’s specialized production decision of transaction services on this basis.

Findings

The research results show that the transaction efficiency plays an important role on the change of middlemen’s division of labor level. The degree of economic specialization, price of commodities and transaction services and other associated factors also affect middlemen’s division of labor.

Originality/value

This paper is of great significance for evaluating the development level and forecast the development direction of e-commerce.

Details

International Journal of Crowd Science, vol. 1 no. 3
Type: Research Article
ISSN: 2398-7294

Keywords

Article
Publication date: 1 February 1993

Thomas A. Peters, Martin Kurth, Patricia Flaherty, Beth Sandore and Neal K. Kaske

To provide a background for this special section on transaction log analysis, the following discussion proposes a definition of transaction log analysis and briefly introduces…

Abstract

To provide a background for this special section on transaction log analysis, the following discussion proposes a definition of transaction log analysis and briefly introduces some of the issues involved in the methodology.

Details

Library Hi Tech, vol. 11 no. 2
Type: Research Article
ISSN: 0737-8831

Article
Publication date: 1 November 2006

Vivien W. Tai, Yao‐Min Chiang and Robin K. Chou

Taiwan OTC market is an electronic, order driven, call market. The purpose of this paper is to gain understanding of whether trade size or number of transaction provides more…

884

Abstract

Purpose

Taiwan OTC market is an electronic, order driven, call market. The purpose of this paper is to gain understanding of whether trade size or number of transaction provides more information on explaining price volatility and market liquidity in this market. The paper also aims to investigate how market condition can affect the relationship between information type and trading activities.

Design/methodology/approach

The paper uses data from the Taiwan OTC market to run the empirical tests. It divides firms into five size groups based on their market capitalization. Regression equations are run to test: whether number of transactions has a more significant impact on price volatility on the Taiwan OTC market; the impact of market information on number of transactions; the relative impact of firm specific and market information on number of transactions; and the impact of number of transaction of bid‐ask spread.

Findings

Findings show that the larger the number of transactions, the higher the price volatility. Smaller firms on the Taiwan OTC market are traded based on firm‐specific information. This relation is further affected by market trends. Especially for the larger firms, when the market is up and the amount of market information increases, number of transactions increases. When the market is down and the amount of market information increases, number of transactions decreases. Finally, it is found spread size is more likely to be influenced by number of transactions, instead of trade size. Overall, based on these empirical results, the information content of number of transactions seems to be higher than that of trade size in the Taiwan OTC market.

Practical implications

Investors now understand that number of transaction actually carry more information than trade size does.

Originality/value

The relation between market information and number of transaction, also that between market information and trade size is influenced by market condition. The paper fills a gap in the literature to show that market condition has an impact on the relation between information type and trader's behavior. A number of transactions are identified that provide more information than trade size does. It is also shown that market conditions can further affect the impact of information on trading activities.

Details

Managerial Finance, vol. 32 no. 11
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 13 November 2009

Yaojun Han, Changjun Jiang and Xuemei Luo

The purpose of this paper is to present a scheduling model, scheduling algorithms, and formal model and analysis techniques for concurrency transaction in grid database…

Abstract

Purpose

The purpose of this paper is to present a scheduling model, scheduling algorithms, and formal model and analysis techniques for concurrency transaction in grid database environment.

Design/methodology/approach

Classical transaction models and scheduling algorithms developed for homogeneous distributed architecture will not work in the grid architecture and should be revisited for this new and evolving architecture. The conventional model is improved by three‐level transaction scheduling model and the scheduling algorithms for concurrency transaction is improved by considering transmission time of a transaction, user's priority, and the number of database sites accessed by the transaction as a priority of the transaction. Aiming at the problems of analysis and modeling of the transaction scheduling in grid database, colored dynamic time Petri nets (CDTPN) model are proposed. Then the reachability of the transaction scheduling model is analyzed.

Findings

The three‐level transaction scheduling model not only supports the autonomy of grid but also lightens the pressure of communication. Compared with classical transaction scheduling algorithms, the algorithms not only support the correctness of the data but also improve the effectiveness of the system. The CDTPN model is convenient for modeling and analyzing dynamic performance of grid transaction. Some important results such as abort‐ratio and turnover‐time are gotten by analyzing reachability of CDTPN.

Originality/value

The three‐level transaction scheduling model and improved scheduling algorithms with more complex priority are presented in the paper. The paper gives a CDTPN model for modeling transaction scheduling in grid database. In CDTPN model, the time interval of a transition is a function of tokens in input places of the transition.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering, vol. 28 no. 6
Type: Research Article
ISSN: 0332-1649

Keywords

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