Venture capital in bank - and market - based economies

The determinants of venture capital investment have attracted a significant amount of attention from both academics and policymakers. We use a version of the Keuschnigg-Nielsen model for venture-capital-financed projects to condition our analysis on a reasonable set of exogenous variables but we focus on one determinant : financial market structure. The type of financial market structure (bank -or market-based) contributes substantially to explaining differences among countries with respect to the extent of venture capital investments in the initial business stages. We will use the cross country and time series variation from a panel of 19 industrial countries to support the hypothesis that venture capital thrives within market-based financial systems and is confined to an ancillary role in bank-based systems.Venture capital, financial market structure, local stock markets, panel data.

Business Analytics: Radical Shift or Incremental Change?

Business analytics systems are seen by many to be a growing source of value and competitive advantage for businesses. However, it is not clear if increasingly advanced analytical capabilities create opportunities for radical change in business or just represent an incremental improvement to existing systems. What are the key questions that researchers should be focusing on to improve our understanding of analytics? And are Information Systems (IS) programs teaching students the right things to be successful in this environment? This panel at International Conference on Information Systems (ICIS) 2012 took stock of technological possibilities, practical experience and leading research to assess the current state and future direction of business analytics. In doing so, it brought together senior researchers and industry representatives to share the leading challenges, opportunities and good practice that they see

How a regulatory capital requirement affects banks' productivity: an application to emerging economies

© 2015, Springer Science+Business Media New York. This paper presents a novel approach to measure efficiency and productivity decomposition in the banking systems of emerging economies with a special focus on the role of equity capital. We model the requirement to hold levels of a fixed input, i.e. equity, above the long run equilibrium level or, alternatively, to achieve a target equity-asset ratio. To capture the effect of this under-leveraging, we allow the banking system to operate in an uneconomic region of the technology. Productivity decomposition is developed to include exogenous factors such as policy constraints. We use a panel data set of banks in emerging economies during the financial upheaval period of 2005–2008 to analyse these ideas. Results indicate the importance of the capital constraint in the decomposition of productivity

The impact of business cycle on global health financing: subsidized, voluntary and out-of-pocket health spending

Diverse types of healthcare systems in countries offer opportunities to explore the heterogeneous sources of health financing. This paper widely explores the effect of the business cycle on subsidized, voluntary and out-of-pocket health spending in 34 countries with different types of healthcare systems, by the methodology of hierarchical linear modeling (HLM). We use a panel of annual data during the years from 2000 to 2016. It further examines the business cycle-health financing mechanism by inquiring into the mediating effect of external conditions and innovative health financing, based on the structural equation modeling (SEM). The empirical results reveal that the business cycle harms subsidized spending, whereas its effect on voluntary and protective health spending is positive. Results related to the SEM indicate that the mediating effect of external conditions on the relationship between the business cycle and health financing is negative. However, we find that the business cycle plays a positive effect on health financing through innovative health financing channels. Thus, designing and implementing efforts to shift innovative health financing have substantial effects on the sustainability of healthcare systems

The Slippery Slope of MIS Academia: A Discussion of the Quest for Relevance in Our Discipline

The MIS discipline faces the need to periodically re-establish its relevance to both academics and practitioners. Evolving technology forces our discipline to change at a rate far exceeding that of other business disciplines. In the workplace, rapidly evolving IT management issues and technologies have led corporations to manage technical employees differently than other employees. In academia, however, MIS faculty are faced with the same expectations as other business faculty. The current model of MIS as an academic discipline has many issues that make staying current and relevant very difficult. The result is that MIS research and teaching lag practice. One might argue that as the field matures, we are falling further behind. This paper is the outcome of a panel discussion held during the 2006 Americas Conference on Information Systems in Acapulco, Mexico. The panel discussed the assertions that MIS is on a Slippery Slope that threatens our existence as a business discipline and that our current model encourages irrelevance, both in research and in teaching. Panel members were asked to share their views on five questions relative to the Slippery Slope from their unique perspectives

The Interaction of Virtual Reality, Blockchain, and 5G New Radio: Disrupting Business and Society

The three cutting-edge technologies virtual reality, blockchain, and 5G have increasingly attracted public attention. While virtual reality became a popular concept in the 1990s, recent technological advances and decreased costs have created a resurgence in the technology. With significant funding and early adoption, blockchain and 5G have begun to make their mark on the world. Each technology alone may disrupt business and society, but, together, they provide multiple opportunities. In this paper, we summarize a 2018 Association for Information Systems Americas Conference on Information Systems (AMCIS) panel session with IS researchers and industry practitioners that tackled important topics related to these technologies. In particular, the panel made the case for IS research that focuses on topics that emerge when these technologies intersect. Each panelist presented their perspectives based on their experience and knowledge along with current issues and future directions. This topic has significant business implications as practitioners continue to note their advancements and develop strategies to adapt in a rapidly changing environment. The topic also has implications for future research as these technologies continue to become more prevalent

AMCIS 2007 Panel on IT Service Management: IT Service Management in the IS Curriculum

The fundamental function of information technology (IT), whether internal or external, is the cost-effective provision of IT services that meet organizational needs and align with organizational strategy. With ever-increasing adoption of IT management best practices, industry now leads the academic community by recognizing the need for IT professionals educated in the IT service management (ITSM) processes -- processes directly associated with the delivery of high-quality, cost-effective IT services. This article presents a summary of panel member presentations and subsequent discussions at Americas Conference on Information Systems (AMCIS) 2007 concerning the need to, and means for, incorporating ITSM concepts into business-school MIS/IS/CIS curricula. Panel members from industry strongly advocated the importance of including ITSM principles and concepts within business-school IS curricula. Academic members of the panel also articulated this need and described initiatives at their and other schools where ITSM concepts have been or are planned for inclusion in business school curricula at both the graduate and undergraduate levels. ITSM research opportunities, faculty preparedness, and possible resistance from within the IS academic community were additionally addressed

Business Analytics: Radical Shift or Incremental Change?

Business analytics systems are seen by many to be a growing source of value and competitive advantage for businesses. However, it is not clear if increasingly advanced analytical capabilities create opportunities for radical change in business or just represent an incremental improvement to existing systems. What are the key questions that researchers should be focusing on to improve our understanding of analytics? And are IS programs teaching students the right things to be successful in this environment? This panel aims to take stock of technological possibilities, practical experience and leading research to assess the current state and future direction of business analytics. In doing so, it will bring together senior researchers and industry representatives to share the leading challenges, opportunities and good practice that they see

In Bed with Technology? Peril, Promise, and Prudence

Are we in bed with seductive information technologies? And what have we begat? This panel, delivered at AMCIS in Auckland on 8 December 2014, resulted in thought-provoking dialog that generated critical reflection on several themes linking technology and practical wisdom that aligned with the conference theme “Integral IS: The Embedding of Information Systems in Business, Government and Society”. The panel found common ground, although each author began from a different starting position. The common ground was that neither utopian nor dystopian stances on the value of technology achieve much practical value. Instead, perennial universal insights of wisdom viewed in a contemporary, practical, and scientific context may provide a path in technology research, design, management, and use. We believe the topics addressed during the panel session, which we summarize in this paper, are vital and relevant to the information systems field as a whole. The panel’s deliberations hold importance for academics and practitioners alike and have implications that extend to individuals, organizations, and society at large

Adopting the IS 2009 Model Curriculum: Apanel Session to Address the Challenges for Program Implementation

This panel session is designed to initiate an open forum and frank discussion of the IS 2009 Model Curriculum proposed by the Joint IS 2009 Curriculum Task Force and developed as a cooperative effort by the Association for Computing Machinery (ACM) and the Association for Information Systems (AIS). Following an introduction to the new model curriculum, a summary and overview of the changes from IS 97/2002 to the IS 2009 recommended core and elective courses will be presented and a panel representing academia and business will address possible issues, challenges, and implications of implementing the suggested curriculum changes on the major stakeholders that include students, faculty, administration, infrastructure resources, and the business community. Concluding the session will be an open forum to allow audience participation in the discussion for the purpose of exchanging ideas on the implementation of the new model curriculum