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Asymmetric effects of internet penetration on high-quality financial development in a resource-depleted Chinese city: Evidence from Jiaozuo
This study investigates the asymmetric effects of internet development on high-quality financial development in resource-exhausted cities, with Jiaozuo serving as a representative case. Jiaozuo is selected as a representative case due to its status as a typical resource-exhausted city undergoing institutional and economic transformation. It challenges the conventional assumption that digital expansion uniformly enhances financial performance in structurally constrained environments. Employing a Nonlinear Autoregressive Distributed Lag (NARDL) model on annual data from 2000 to 2023, the analysis decomposes internet penetration into positive and negative changes to examine their differential impacts on a composite index of financial development quality. R&D intensity, economic openness, income level, are incorporated as control variables. The results show that positive internet shocks do not have a statistically significant impact on high-quality financial development, while negative shocks, although causing short-term disturbances, are conducive to long-term institutional adaptation and systemic improvements. According to the results, policies should prioritize institutional capacity building and digital financial literacy over indiscriminate infrastructure expansion, consistent with the Sustainable Development Plan for Resource-Exhausted Cities from 2025-2027. Reforms in financial governance and sustained innovation support are essential to advance digital-financial integration, in alignment with the 14th Five-Year Plan for Digital Economy Development for 2028-2035 targets.
Journal Article
The graduate survival guide : 5 mistakes you can't afford to make in college
A manual to help high school graduates avoid the five mistakes a large majority of college students make. These mistakes may cause you years and years of pain and hardship if you too follow the path of so many others.
BOOK
Changing Higher Education in India
Higher education is vital to India's future, creating citizens of Indian democracy, building communities and modern cities and conducting research the country needs to continue to advance. Yet, with two thirds of people of India living in rural areas and urban incomes falling below the world average, higher education faces many challenges. This book brings together experts and emerging researchers from India and the UK to discuss those challenges and to explore positive solutions. The team shine the spotlight on financing and funding, governance and regulation, sector organisation and institutional classification, equity and social inclusion, the large and poorly regulated private sector, Union-State relations in higher education, student political activism, and internationalisation.
eBook
The power law : venture capital and the making of the new future
\"From the New York Times bestselling author comes the astonishingly frank and intimate story of success and failure inside Silicon Valley's dominant venture capital firms-and how their strategies and fates have shaped the path of innovation, and the global economy, writ large\"-- Provided by publisher.
Lobbying America
Lobbying Americatells the story of the political mobilization of American business in the 1970s and 1980s. Benjamin Waterhouse traces the rise and ultimate fragmentation of a broad-based effort to unify the business community and promote a fiscally conservative, antiregulatory, and market-oriented policy agenda to Congress and the country at large. Arguing that business's political involvement was historically distinctive during this period, Waterhouse illustrates the changing power and goals of America's top corporate leaders.
Examining the rise of the Business Roundtable and the revitalization of older business associations such as the National Association of Manufacturers and the U.S. Chamber of Commerce, Waterhouse takes readers inside the mind-set of the powerful CEOs who responded to the crises of inflation, recession, and declining industrial productivity by organizing an effective and disciplined lobbying force. By the mid-1970s, that coalition transformed the economic power of the capitalist class into a broad-reaching political movement with real policy consequences. Ironically, the cohesion that characterized organized business failed to survive the ascent of conservative politics during the 1980s, and many of the coalition's top goals on regulatory and fiscal policies remained unfulfilled. The industrial CEOs who fancied themselves the \"voice of business\" found themselves one voice among many vying for influence in an increasingly turbulent and unsettled economic landscape.
Complicating assumptions that wealthy business leaders naturally get their way in Washington,Lobbying Americashows how economic and political powers interact in the American democratic system.
eBook
The rise of the rest : how entrepreneurs in surprising places are building the new American dream
\"Steve Case, cofounder of America Online and Revolution and New York Times bestselling author of The Third Wave, shows how entrepreneurs across the country are building groundbreaking companies, renewing communities, and creating new jobs--in the process reimagining the American landscape and bringing people together around a shared future.\"--Amazon.
Book
Removing the barriers on the way to European high-performance finance functions
One of the most important staff units in an organization is the finance function, as this function maintains the relations with all parts of the organization and operates at a management team level. Therefore, this function needs to transform itself into a high-performance finance function (HPFF). Unfortunately, finance functions encounter many barriers before they can start this transformation. In this article, the research question “What are the most important barriers which have to be dealt with in order for the finance function to start its transition to a high-performance finance function?’ is addressed. For this, a review of the professional literature (as no academic studies could be found on the topic), a small-scale survey among finance professionals, and Delphi research with 14 highly experienced finance experts were conducted. The results of the research were the following Top 10 of barriers of most important obstacles: 1) inefficient and not integrated business processes; 2) data not (yet) in order; 3) insufficient leadership and insufficient will to change; 4) no culture of change and improvement in the finance function; 5) inadequate ICT systems; 6) lack of buy-in from the business for the transformation; 7) insufficient knowledge in the finance function of the business; 8) not the right capacities/people/skills in the finance function; 9) insufficient/unclear business objectives and priorities; 10) business managers do not sufficiently manage the analyses and insights provided by the finance function.
Journal Article
Venture capital in emerging markets : lessons from Indonesia's digital decade
A team of veteran investors and entrepreneurs delivers an insightful and practical new take on how to capitalize on opportunities in the world's last big emerging tech market. The authors pull back the curtain on the evolution of Indonesia's technology boom and look ahead to the next generation of investment and venture opportunities in an economy growing at 5% annually. The book demystifies key Indonesian market dynamics and players, explaining its history, regulatory landscape, and idiosyncrasies. It also examines successful ventures in the market and sheds light on substantial growth opportunities on the digital frontier.
BOOK
Financing higher education in Africa
Sustainable growth in SSA is contingent on the capacity of States to diversify their economies and thus train human capital that will help carry out and support this transformation. Higher education plays a key role in training qualified individuals who will be able to implement new technologies, and use innovative methods to establish cost-efficient and effective enterprises and institutions. Through research and increased knowledge, higher education can also help address the challenges arising from the increase in the size of the population, limited arable land, endemic diseases, urbanization, energy costs, and climate change. However, in order for SSA to reap the benefits of this investment in human capital, higher education institutions must secure financing to provide quality training and sound professional prospects to their students. Currently, tertiary education development is unsustainable, resources per student are declining, and the quality of education is affected. These issues are particularly pressing in times of financial global crisis when available resources for tertiary education uncontrovertibly tend to diminish. The impact of the crisis that started in 2008 provides a clear illustration of the need to explore innovative ways to diversify and secure financing for higher education in SSA. This report provides a comprehensive overview of higher education financing in SSA, aiming to: (i) explain the fundamental financial problems faced by higher education under the combined pressure of a rapidly growing demand and the scarcity of public resources, and to present the dramatic consequences of this trend on quality; (ii) analyze and compare the current funding policies in SSA countries to provide directions for improvement; and (iii) examine the alternatives to the status quo and the policy tools to diversify resources and to allocate resources based on performance.
eBook