This paper aims to discuss the legal aspects of venture capital businesses in Indonesia as an alternative financing instrument in assisting the capital aspect for businesses to develop the ...corporation through venture capital. The results of the research in this paper are that in establishing and operating a company, it requires capital, one of which is through alternative financing, namely venture capital. The legal aspects of venture capital in legal regulations and policies are needed to support the corporation, neither the corporation founded by the State and by private parties, but the regulations and legal policies of venture capital are still unable to provide adequate legal protection. Therefore, to strengthen the legal protection of venture capital businesses, the government must be supported as a regulator and facilitators and community businesses which that venture capital can develop better so that not only large companies, but also small firms and medium can be helped by the growth of venture capital.
Whilst China's aid and development model has been traditionally understood as divergent from the dominant post‐1945 liberal development model, scholars are also increasingly exploring convergence ...between features of the two development models. Recently, scholars from a range of disciplines including development studies, development geography and international (business, environment and legal) studies have explored a process whereby China's Belt and Road Initiative and the United Nations Sustainable Development Goals converge (‘BRI‐SDG integration’). This paper brings these multidisciplinary strands of scholarship together and places them in dialogue with social sciences convergence theory to understand how BRI‐SDG integration aligns with or challenges previous conceptualisations of Chinese‐dominant development convergence. The paper first demonstrates that BRI‐SDG integration proposes a novel and deliberate convergence process ‐ which the paper names ‘complementary convergence’. However, BRI‐SDG integration also underscores the need for more multidirectional frameworks that reject Eurocentricity for evaluating the contemporary Chinese‐dominant relationship, and an enhanced focus on how China is influencing dominant development institutions. Finally, BRI‐SDG integration reiterates the methodological difficulties of delineating between ‘development models’ in an increasingly interrelated global governance of development.
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FZAB, GIS, IJS, KILJ, NLZOH, NUK, OILJ, SBCE, SBMB, UL, UM, UPUK
Renewable Energy Cooperatives (RECs) in Germany have received considerable attention in recent years, their number having risen to nearly a thousand since 2004. This growth has resulted largely from ...Germany's feed-in tariff system. Recent changes in this policy, however, have made the previous REC business models mostly unprofitable, so RECs are looking for new business models. Our study aims at identifying those new models and characterizing the implementation barriers RECs face. To this end, we interviewed REC members and management and observed REC annual general meetings. We found three significant barriers: first, risk aversion on the part of both members and management; second, concerns about the environmental impacts or the ethics of certain models that, while legal, are not felt to align with the intentions of lawmakers; finally, the lack of competencies and time of the mostly unsalaried REC management. These barriers could put the future of RECs at risk, and so threaten the contributions RECs make to the German Energy Transition. Professionalization, partnerships and other strategies can help mitigate this risk. If RECs are to continue to play an important role in the energy transition, policy makers would be wise to consider measures to support their continued growth.
•The business of German renewable energy cooperatives was hitherto predominantly FIT-based.•RECs look into various potential activities from energy production and retailing to services.•Lack of knowledge and time of the mostly unsalaried REC management are an important barrier.•We add to theory a new category of barriers for renewable energy business models: ethical concerns.
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GEOZS, IJS, IMTLJ, KILJ, KISLJ, NUK, OILJ, PNG, SAZU, SBCE, SBJE, UL, UM, UPCLJ, UPUK, ZRSKP
The paper argues that nuclear energy could play a significant role in decarbonizing the production of low carbon hydrogen from natural gas feedstock with associated carbon storage, as part of a wider ...shift towards ‘net-zero’ in Canada’s natural resources value chain. It examines regulatory readiness for small modular reactors in the oil, gas, and low-carbon energy sector of Canada’s energy jurisdiction, and calls for the speedy design and development of a single ‘go-to’ regulatory framework for nuclear energy in Alberta.
This study investigates whether mobile phone penetration modulates the effect of different indicators of governance on some indicators of the ease of doing business in Sub-Saharan Africa with data ...from the period 2000–2012 by employing the Generalised Method of Moments. Three broad concepts of governance are explored: (i) political (comprising voice & accountability and political stability/no violence), (ii) economic (involving government effectiveness and regulation quality) and (iii) institutional (including corruption-control and rule of law). Ten dimensions of entrepreneurship are considered. Two main findings are established with respect to the net effects of the interaction between mobile phones and governance dynamics. They are (1) reduced cost of business start-up procedure, the time to build a warehouse and the time to resolve an insolvency and (2) increased time to enforce a contract, to register a property and to prepare and pay taxes. Implications for theory and policy are discussed. Some of the engaged policy implications include the following. (i) Measures on how to leverage on the potential of mobile phone penetration for entrepreneurship opportunities by addressing challenge of access to and affordability of mobile phones on the one hand and on the other hand, improving on the role of the mobile phone as a participative interface between emerging entrepreneurs and governance. (ii) The relevance of the mobile phone in mitigating information asymmetry between entrepreneurs and government institutions, notably by: reducing government inefficiency (which potentially represents an additional cost to doing business) and decreasing informational rents, bureaucracy and transaction costs.
•This study investigates how mobile phones modulate governance for doing business.•The focus is on Sub-Saharan Africa with data from the period 2000–2012.•The empirical evidence is based on Generalised Method of Moments.•The mobile phone has an appealing complementary role for some doing business dimensions.•Governance needs to be improved to enhance the complementary role of mobile phones.
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GEOZS, IJS, IMTLJ, KILJ, KISLJ, NLZOH, NUK, OILJ, PNG, SAZU, SBCE, SBJE, UL, UM, UPCLJ, UPUK, ZRSKP
This paper is dealing with one of the major challenges confronting the development of forensic accounting primarily legislation to combat fraudulent practices in the Kingdom of Saudi Arabia. The ...focus of our research is corporate and practice in the finance and banking sectors, since business operations are becoming more complex, especially with the recent developments in information and communication technology and as a consequence of the global pandemics of Covid-19 and the looming economic crisis. This has changed the nature of corporate fraud and fraudulent practices. This study has a primary goal to investigate the theoretical aspects of the integration of forensic accounting and corporate law and related regulation as tools for combating corporate and cyber fraud. In that sense, forensic accounting with a more than strong backing in the legislative aspects is strongly geared towards the minimization of the cost of employed capacities for forensic accounting activities to mitigate and eventually eliminate cyber fraud.
The study also explores the effect of integrating forensic accounting and management control systems on banks’ reputations and the huge loss of revenue resulting from cyber fraud. The study develops a conceptual model to show the relationship between forensic accounting, the management control system, and cyber fraud in the banking sector. A legal context analysis methodological research approach was employed to express the relationship amongst the variables considered in this study to reduce corporate and public sector fraud, minimize cost and improve the reputation of corporate and public government sectors. Preliminary research in the formulation of clear conclusions gives an idea of the feasibility of combining the components of forensic accounting, corporate and related laws and regulations, management control systems, and corporate reputation to combat business fraud. This was validated in some general conclusions which resulted in an acceptable, logical, and feasible model of forensic accounting solidly founded in corporate law and structure. Some of the findings are that the speed and ease of convergence process symbiotic integration of forensic accounting and corporate law is the best solution that is feasible and suitable for achieving the set objectives. Our initial conclusion and recommendation are that the government of the Kingdom of Saudi Arabia should introduce legislation that would ensure strict corporate disclosure standards, requirements, and norms as this would defend companies’ critical assets as well as its anti-fraud programs.
Purpose
– The purpose of this paper is to determine the factors influencing managers’ decision to adopt cloud computing in the UK using the “Technology-Organisation-Environment” (TOE) framework.
...Design/methodology/approach
– Data were collected through a self-created questionnaire based survey that was completed by 257 mid-to-senior level decision-making business and information technology (IT) professionals from a range of UK end-user organisations. The derived hypotheses were tested using various data analysis techniques including principal component analysis and logistic regression.
Findings
– The results show that four out of the eight factors examined have a significant influence on the adoption decision of cloud computing services in the UK. Those key factors include competitive pressure, complexity, technology readiness and trading partner pressure. The latter predictor; trading partner pressure, was the most significant factor for the adoption decision of cloud services reflecting organisations’ concerns on legal regulations, co-creation and customisation, service linkage and vendor locking which adds complexity to the process of selecting an appropriate vendor.
Research limitations/implications
– This research found trading partners (cloud service providers) significantly influence managers’ decisions to adopt cloud services, however, further research is required to fully understand all the aspects involved especially with the growing number of vendors available. Although over 250 usable responses to the questionnaire were received and analysed, there was not a sufficient quantity of responses from each industry sector or organisation size to conduct further analysis.
Practical implications
– The findings reveal the important role of cloud computing service providers to enable end-users to better evaluate the use of cloud computing. It also reveals that top management support is no longer a driver as organisations are starting to adopt cloud computing services on the basis of cheaper and more agile IT resources in order to support business growth.
Originality/value
– This research provides original insight for cloud computing adoption within the UK from a managerial perspective.
This study undertakes a systematic review of the literature concerning the importance of a sustainable business strategy for any business. While systematic reviews are a vital source of information ...and are widely utilized in the health sciences, they are seldom employed in sustainability research. Systematic reviews are a type of scientific research that aims to integrate the results of empirical studies objectively and systematically to determine the status of the question in its field of study. This study provides a brief survey of literature reviews in sustainability in business and proposes a systematic review as a method of recovering, analyzing, evaluating, and appraising relevant literature on sustainability in business. This systematic review of the literature suggests that interest in sustainable business practices has increased in recent years. It discusses the subject of sustainability in the perspective of business.
The move towards a new Circular Economy (CE) economic model has been advocated and supported in Portugal, however, there is limited research on this topic. To address this gap, a quantitative ...research based on an online survey was carried out among 99 Portuguese organizations, encompassing a wide range of sectors and sizes. The results show that CE is regarded as a strategic and relevant issue for profitability and value creation. Furthermore, the perception that it requires the adoption of new business models in addition to the classical “reduce, reuse and recycle” approach is growing. Moreover, based on the hypotheses raised, results suggest that the level of CE adoption is positively impacted by the status of the EMS (Environmental Management System) certification and the willingness to improve the environmental performance and achieve a sustainable business model. However, CE activities are still relatively modest and a friendlier context (fiscal, legal, organizational, etc.) and the stronger support from supply chain agents and consumers are required. Future research should focus on how to design and shape the transition from a linear to a CE economy and to ascertain if the positive attitude towards CE is materialized in changing the way business is done.
A QR code is a form of visualization that is encrypted by user data. Observations were made to examine the QR code added to Trusmi batik motifs, which are traded online through electronic ...transactions. This study aims to examine the prevention of copyright infringement through the use of a QR code that is added and traded online through electronic transactions. Applying the QR code, which is added to Trusmi batik motifs traded online through electronic commerce, requires legal protection. The protection is in the form of policy rules that specifically regulate QR codes as additional motifs.
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BFBNIB, NUK, PILJ, SAZU, UL, UM, UPUK
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