Big data and risk management in business processes: implications for corporate real estate

PurposeThe purpose of this paper is to improve understanding of the integration between big data (BD) and risk management (RM) in business processes (BPs), with special reference to corporate real estate (CRE).Design/methodology/approachThis conceptual study follows, methodologically, the structuring inter-textual coherence process – specifically, the synthesised coherence tactical approach. It draws heavily on theoretical evidence published, mainly, in the corporate finance and the business management literature.FindingsA new conceptual framework is presented for CRE to proactively develop insights into the potential benefits of using BD as a business strategy/instrument. The approach was found to strengthen decision-making processes and encourage better RM – with significant consequences, in particular, for business process management (BPM). Specifically, by recognising the potential uses of BD, it is also possible to redefine the processes with advantages in terms of RM.Originality/valueThis study contributes to the literature in the fields of real estate, RM, BPM and digital transformation. To the best knowledge of authors, although the literature has examined the concepts of BD, RM and BP, no prior studies have comprehensively examined these three elements and their conjoint contribution to CRE. In particular, the study highlights how the automation of data-intensive activities and the analysis of such data (in both structured and unstructured forms), as a means of supporting decision making, can lead to better efficiency in RM and optimisation of processes

Alignment: The duality of decision problems: Working paper series--02-16

This paper makes a strong case that there exists an underlying pattern to decision problems. To exploit this pattern, the decision order framework is developed to guide researchers and decision makers toward appropriate solution methodologies. This process is called alignment and is based on the duality of decision problems. The process is validated using a number of examples from quantitative research, decision-making, economic theory, entrepreneurship, theory of the firm, education, and eCommerce. Extensions to the decision orders framework are presented to offer insight into the evolution and decomposition of complex decision problems

The Chemical Sector al System. Firms, markets, institutions and the processes of knowledge creation and diffusion

According to the Sectoral Systems of Innovation and Production approach, the analysis of a specific sector has to describe its knowledge and technological base, existing complementarities among knowledge, technologies and products, the heterogeneity of agents, their learning processes and competencies, the role of non-firm organisations, and the presence of (co)evolutionary processes. This study applies this theoretical framework to the chemical industry, and examines evolution and co-evolution processes that have characterised this industry over its 200 years history. It emerges a strong dichotomy in industry dynamics. On the one hand, big discontinuities can be observed in knowledge and technological dimensions, which implied a major change in industry structure and a growing division of labour at the industry level. On the other hand, a big continuity can be observed as well, mainly in companies life. Indeed, one important feature of the chemical industry is that between small and large companies, markets, research institutions and other organisations there has been a continuous process of co-evolution, with firms playing the central role within the chemical system.Chemical Industry, Industry Dynamics, Networks, Markets for Technology, Division of Innovative Labour, Networks of Inventors, Patents, Technology Licensing.

COULD SHORT SELLING IMPROVE THE QUALITY OF EMERGING STOCK MARKETS? – REVIEW OF SOME THEORETICAL AND EMPIRICAL EVIDENCE PRESENTED IN LITERATURE

Short selling is a common practice in many developed markets. However, due to the lack of a suitable regulatory, institutional and market infrastructure, short selling cannot be practiced in many emerging market countries. Furthermore, the regulators who were concerned about potential adverse effects of short selling during various episodes of crises decided to place some constraints on short selling at different points in time and for different periods of time. Based on the experience with the short selling practices and the bans on short selling in different countries around the world and by respecting the assumption that there is at least a basic regulatory, institutional and market infrastructure, the author will try to answer the question: Could short selling improve the quality of emerging stock markets? According to the author’s findings, short selling could improve the quality of emerging stock markets, under the determined condition. Additionally, as the regulatory, institutional and market infrastructure becomes more and more developed, the possibility of the market quality to be improved to a higher degree by short selling will increase

Macroeconomic Factors Influencing Cross-Border Merger & Acquisitions Value - An empirical study of UK acquirers on foreign targets

This thesis intends to contribute to research by evaluating how the market responds to the announcement of a CBM&A transaction for acquiring shareholders and examining the extent to which macroeconomic & cultural factors influence shareholder value creation as well as whether there are any differences between developed and developing countries

Post-Accession Economic Migration of Young Adults as Element of Changing Career Patterns in Poland

The results presented in this paper were obtained as part of a research project (funded by the National Science Centre in Kraków – NN 106 348 140) entitled: Economic Migration andReturning Home as Experienced by Contemporary Poles. A Social Pedagogy Study. Quantitative research strategies were used (N-174) – a diagnostic survey, and the basic problem was – What experiences related to work (before, during and after emigration) do young Poles have? This article reviews how vocational career patterns changed against the background of the social and cultural transformations that took place in Poland; it also addresses economic migration as a part of these transformations and identifies career guidance in the context of migration experiences of young adults. Sampling studies of young adults (return migrants) revealed significance they assigned to their labour migration experiences that mainly involved 3D (dirty, dull, dangerous) jobs. A two-stage skill depreciation was found – brain waste (before and during migration) and the reasons for the waste as well as its consequences for the future career potential (post-migration “CV gaps” vs. the sense of agency, resourcefulness)

Some Simple Economics of Crowdfunding

It is not surprising that the financing of early-stage creative projects and ventures is typically geographically localized since these types of funding decisions are usually predicated on personal relationships and due diligence requiring face-to-face interactions in response to high levels of risk, uncertainty, and information asymmetry. So, to economists, the recent rise of crowdfunding - raising capital from many people through an online platform - which offers little opportunity for careful due diligence and involves not only friends and family but also many strangers from near and far, is initially startling. On the eve of launching equity-based crowdfunding, a new market for early-stage finance in the U.S., we provide a preliminary exploration of its underlying economics. We highlight the extent to which economic theory, in particular transaction costs, reputation, and market design, can explain the rise of non-equity crowdfunding and offer a framework for speculating on how equity-based crowdfunding may unfold. We conclude by articulating open questions related to how crowdfunding may affect social welfare and the rate and direction of innovation