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Topic review
Updated time: 13 Apr 2021
Submitted by: Michael McAleer
Definition: Many academics are critical of the current publishing system, but it is difficult to create a better alternative. The perspective relates to the sciences and social sciences, and discusses the primary purpose of academic journals as providing a seal of approval for perceived quality, impact, significance, and importance. The key issues considered include the role of anonymous refereeing, continuous rather than discrete frequency of publications, avoidance of time wasting, and seeking adventure. Here we give recommendations about the organization of journal articles, the roles of associate editors and referees, measuring the time frame for refereeing submitted articles in days and weeks rather than months and years, encouraging open access internet publishing, emphasizing the continuity of publishing online, academic publishing as a continuous dynamic process, and how to improve research after publication. Citations and functions thereof, such as the journal impact factor and h-index are the benchmark for evaluating the importance and impact of academic journals and published articles. Even in the very top journals, a high proportion of published articles is never cited, not even by the authors themselves. Top journal publications do not guarantee that published articles will make significant contributions, or that they will ever be highly cited. The COVID-19 world should encourage academics worldwide not only to rethink academic teaching, but also to re-evaluate key issues associated with academic journal publishing in the future.
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Topic review
Updated time: 15 Jul 2021
Submitted by: Daeseok HAN
Definition: The international standard for asset management ISO55000 defines asset management as "coordinated activity of an organization to realize value from an asset". This standard requires establishing a Strategic Asset Management Plan (SAMP) for the organization’s achievement of goals (value), which includes response strategies for identifying, assessing, and controlling any possible risks that may occur during the goal achievement process. Goals and risks are important from the view of asset management as they provide the directions for management of the asset’s life-cycle and budget investment as the organization’s enterprise management policies. The International Infrastructure Management Manual (IIMM), developed to reflect ISO55000, divides the types of risks into the continuity of business management, safety, politics, law, finance, and cash flow, suggesting the quantitative evaluation method in the consideration of the Probability of Failure (POF) and Consequence of Failure (COF).
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Topic review
Updated time: 13 Apr 2021
Submitted by: Laura Baselga-Pascual
Definition: Systemic Banking crises are a recurrent phenomenon that affects society, and there is a need for a better understanding of the risk factors to support prudential regulation and reduce unnecessary risk intake in the financial system. This paper examines the main bank risk determinants in Latin America. The period analysed covers the timespan from 1999 to 2013, including the systemic banking crisis episodes in Argentina (2001–2003) and Uruguay (2002–2005). We apply a new data-driven comparable methodology to classify and select commercial banks from the sample.
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Videos
Updated time: 29 Apr 2021
Topic review
Updated time: 30 Oct 2020
Submitted by: Horst Treiblmaier
Definition: Integrating triple bottom line (TBL) goals into supply chains (SCs) is a challenging task which necessitates the careful coordination of numerous stakeholders’ individual interests. Recent technological advancements can impact TBL sustainability by changing the design, structure and management of modern SCs. Blockchain technology enables immutable data records and facilitates a shared data view along the supply chain. The Physical Internet (PI) is an overarching framework that can be applied to create a layered and comprehensive view of the SC. In this conceptual paper I define and combine these technologies and derive several high-level research areas and research questions to investigate adoption, management as well as structural SC issues. I suggest a theory-based research agenda for the years to come that exploits the strengths of rigorous academic research, while remaining relevant for the industry. Furthermore, I suggest various well-established theories to tackle the respective research questions and provide specific directions for future research.
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Topic review
Updated time: 29 Oct 2020
Submitted by: Anton Miglo
Definition: Capital structure is a firm’s mix of debt and equity financing. It is one of the most controversial areas of finance. Many of the results obtained in capital structure theory over the last 50-60 years have been very influential and led their authors to great international recognition. Among the researchers who contributed significantly to capital structure theory, note Nobel Prize Award winners Franco Modigliani, Merton Miller, Joseph Stiglitz, and most recently Jean Tirole. More research and more results are expected in this area in near future.
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Topic review
Updated time: 13 Jul 2021
Submitted by: Marc Kuhn
Definition: As of 2019, carsharing was offered in over 50 countries, and over 200 carsharing providers were operating in over 3000 cities. Approximately 2.5 million carsharing users were registered in Germany in 2019. These users are given access to vehicles on an “as-needed” basis, which underlies a pay per use and/or membership-based pricing model.
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Topic review
Updated time: 30 May 2021
Submitted by: Thyago Nepomuceno
Definition: The first Data Envelopment Analysis (DEA) model developed by Charnes, Cooper and Rhodes (1978) under the assumption of a Constant Returns to Scale production technology, i.e., when an increase in the production resources results in a proportional increase in the output.
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Topic review
Updated time: 06 Mar 2021
Submitted by: Huichen Jiang
Definition: DEA (Data Envelopment Analysis), as a methodology for the efficiency evaluation of Decision-Making Units (DMUs) with multiple inputs and outputs, is widely used in various areas. The basic idea of DEA is to fit a non-parametric efficient production frontier with DMUs and measure the efficiency relative to the best-performance observations in the sample. In this paper, the China’s listed firms in the automotive industry are seen as the DMUs, and our goal is to measure the efficiency of each DMU and identity the ones that use the inputs more efficiently than the others that have resources over-utilized, namely, the firms can reduce the inputs while the outputs remains constant (input-oriented) rather than the firms can increase the outputs while their inputs remains constant (output-oriented). Therefore, the input-oriented model of DEA is appropriate for our research.
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Topic review
Updated time: 28 Oct 2020
Submitted by: Todor Tagarev
Definition: The requirements to the governance of collaborative networked organisations (CNOs) can be structured in 33 categories: Geographical Representation or exclusion; Supply chain security; Involvement of external stakeholders; Standards and methodologies; Representation on senior governance bodies; Decision making principles; Auditing; Dispute/conflict management arrangements; Confidentiality & Security; IPR management; Ethics code; Use of slave labour or labour of minors; Green policies; Gender policies and representation; Transparency; Accountability ; Anti-corruption/ integrity policies; Innovation; Adaptiveness; Cohesion; Trust; Sustainability; Resilience; Communication and engagement; Knowledge management; Long-term perspective on collaboration; Interoperability; Leadership; Organisational culture; Competences; Risk management; Evidence-based decision-making; and Competitiveness. As a result of a comprehensive study for CNOs in the field of cybersecurity these governance issues have been structured in two groups (of governance objectives and CNO features) and four tiers in terms of priority. While the governance categories are universally applicable, their prioritisation is relevant for CNOs in the field of cybersecurity.
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