Ishraga Abdelhafiz Hassan Khattab, B. S. Ahmed, Omer Hassan Omarabi
This study aims to identify challenges facing the use of POS in Sudan from the perspectives of merchants and banks’ employees. An Exploratory study was applied to capture the perspective of the merchants using questionnaires to collect data on their views, while a qualitative technique using focus group was adopted to collect data on banks employees’ perception on challenges facing POS in Sudan. (150) questionnaires were distributed in Khartoum. Ultimately (141) responses were received and checked for completeness and consistency and were randomly cross checked for accuracy of the data. (100) banks’ Employess from the marketing and IT departments participated in the focus group discussion.Based on the merchants ‘perspective the main challenges facing the use of use of POS in Sudan is the legal and regulatory hurdles followed by operational challenges including poor network reliability. Banks’ employees perceive that the challenges are manifested in the lack of (know how) in addition to the need to develop an incentive plan that encourages customers to use POS more often. The study recommends that further investment should be put in the network and the IT infrastructure in addition to the need to revisit the regulatory procedure governing the relationship between the different stakeholders of POS. Larger sample size to be employed.
{"title":"Challenges Facing the Use of Point Of Sale POS from Merchants and Banks’ Employees Perspective in Sudan","authors":"Ishraga Abdelhafiz Hassan Khattab, B. S. Ahmed, Omer Hassan Omarabi","doi":"10.22158/ibes.v4n3p88","DOIUrl":"https://doi.org/10.22158/ibes.v4n3p88","url":null,"abstract":"This study aims to identify challenges facing the use of POS in Sudan from the perspectives of merchants and banks’ employees. An Exploratory study was applied to capture the perspective of the merchants using questionnaires to collect data on their views, while a qualitative technique using focus group was adopted to collect data on banks employees’ perception on challenges facing POS in Sudan. (150) questionnaires were distributed in Khartoum. Ultimately (141) responses were received and checked for completeness and consistency and were randomly cross checked for accuracy of the data. (100) banks’ Employess from the marketing and IT departments participated in the focus group discussion.Based on the merchants ‘perspective the main challenges facing the use of use of POS in Sudan is the legal and regulatory hurdles followed by operational challenges including poor network reliability. Banks’ employees perceive that the challenges are manifested in the lack of (know how) in addition to the need to develop an incentive plan that encourages customers to use POS more often. The study recommends that further investment should be put in the network and the IT infrastructure in addition to the need to revisit the regulatory procedure governing the relationship between the different stakeholders of POS. Larger sample size to be employed.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"122 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116399437","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Efficacious liquidity management is cardinal for being of an organization. Diverse components of current assets and current liabilities should be managed in such manner that an organization is able to keep appropriate liquidity structure. Adequate liquidity capacitates an organization to meet its obligations in time. Efficient liquidity management impact firm’s risk, return and share prices, and surmises its success or failure. Liquidity management is credited as a lifeline of every concern. Need for dexterous liquidity management has, thus, become prime lately. The study developed on idiolect of disparate indices reveals that the overall liquidity position of the selected company, Titan Company Ltd. is not impressive. The paper also offers few suggestions to elevate certain facets stirring healthy liquidity management.
{"title":"Liquidity Management: An Empirical Study","authors":"P. K. Das","doi":"10.22158/ibes.v4n3p74","DOIUrl":"https://doi.org/10.22158/ibes.v4n3p74","url":null,"abstract":"Efficacious liquidity management is cardinal for being of an organization. Diverse components of current assets and current liabilities should be managed in such manner that an organization is able to keep appropriate liquidity structure. Adequate liquidity capacitates an organization to meet its obligations in time. Efficient liquidity management impact firm’s risk, return and share prices, and surmises its success or failure. Liquidity management is credited as a lifeline of every concern. Need for dexterous liquidity management has, thus, become prime lately. The study developed on idiolect of disparate indices reveals that the overall liquidity position of the selected company, Titan Company Ltd. is not impressive. The paper also offers few suggestions to elevate certain facets stirring healthy liquidity management.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127494611","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In the world of business and the age of information development and the emergence of new information technologies; Generation Z, due to its special feature in the focus component that leads them to a short-range of attention or decentralization and has a sophisticated filter that makes this generation extremely fast and focus on the target content and avoid ads that interest them is not; Special attention has been paid to companies to provide services and products. Born between 2000 and 2014, this new generation has conveyed to managers, business leaders, and marketers that they need to pay more attention to new and faster technologies in order to succeed in working and doing business with the next generation. What makes this generation more important than other generations in marketing; The high population of these consumers and its growing trend around the world and in the United States; Their interest in using new digital technologies towards adults, being digital natives or in other words, synchronizing with this technology almost from birth; Generation Z has a special impact on business and their willingness to buy from ethical and responsible companies and has convinced managers and marketers that in order to reach new customers, it is necessary to consider this new generation more than before and Include in the sales and marketing policies of their products or services.
{"title":"Designing a Sales Marketing Model for Generation Z","authors":"Mohammadali Shahbandi","doi":"10.22158/ibes.v4n3p58","DOIUrl":"https://doi.org/10.22158/ibes.v4n3p58","url":null,"abstract":"In the world of business and the age of information development and the emergence of new information technologies; Generation Z, due to its special feature in the focus component that leads them to a short-range of attention or decentralization and has a sophisticated filter that makes this generation extremely fast and focus on the target content and avoid ads that interest them is not; Special attention has been paid to companies to provide services and products. Born between 2000 and 2014, this new generation has conveyed to managers, business leaders, and marketers that they need to pay more attention to new and faster technologies in order to succeed in working and doing business with the next generation. What makes this generation more important than other generations in marketing; The high population of these consumers and its growing trend around the world and in the United States; Their interest in using new digital technologies towards adults, being digital natives or in other words, synchronizing with this technology almost from birth; Generation Z has a special impact on business and their willingness to buy from ethical and responsible companies and has convinced managers and marketers that in order to reach new customers, it is necessary to consider this new generation more than before and Include in the sales and marketing policies of their products or services.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"84 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117272426","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
China has transformed its industrial and economic structure since the start of the economic reform and the Open-door Policy. While modern cities are participating in this progress, less urbanized areas lagged behind these cities. This paper will attempt to explain this phenomenon by analyzing the impact of industrial structure optimization on economic growth by using a time series model from the data span of 1990 to 2018. This study shows that the modernization and rationalization of the industrial structure have a significant impact on economic growth, and the marginal effect of industrial modernization on economic growth is greater than the rationalization of the industrial structure. Furthermore, when the economic growth is slow, the low-level industrial structure can still maintain economic growth; but when the economic growth rate reaches a certain level, the low-level industrial structure will inhibit economic growth.
{"title":"The Impact of Industrial Structure Changes on Economic Growth in Jiangxi Province, China","authors":"Yulin Sun","doi":"10.22158/ibes.v4n3p47","DOIUrl":"https://doi.org/10.22158/ibes.v4n3p47","url":null,"abstract":"China has transformed its industrial and economic structure since the start of the economic reform and the Open-door Policy. While modern cities are participating in this progress, less urbanized areas lagged behind these cities. This paper will attempt to explain this phenomenon by analyzing the impact of industrial structure optimization on economic growth by using a time series model from the data span of 1990 to 2018. This study shows that the modernization and rationalization of the industrial structure have a significant impact on economic growth, and the marginal effect of industrial modernization on economic growth is greater than the rationalization of the industrial structure. Furthermore, when the economic growth is slow, the low-level industrial structure can still maintain economic growth; but when the economic growth rate reaches a certain level, the low-level industrial structure will inhibit economic growth.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130013229","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This review paper aims to determine the potential impact of Environmental, Social, and Corporate Governance (ESG) factors on an audit of a financial statement. For this reason, a triangle of implications has been proposed, i.e., for: (1) audit clients whose business activity is reflected in a financial statement; (2) a financial statement; and (3) audit firms which perform an audit. The evidence represents a collection of a) scientific articles, b) publications offered by professional accounting bodies and consulting firms, and c) relevant standards and legal regulations. The paper finds that ESG has become a factor which must be considered, and the financial world will face multiple changes. For audit clients, the critical aspect will be ESG integration with a business model. Financial reporting will evolve under Exposure Drafts IFRS S1 and IFRS S2. A financial statement will require in-depth knowledge about existing accounting standards to reflect the financial implications of ESG-related products and transactions. Moreover, there is a distinction between “financial audit” and “ESG assurance” in audit and assurance services. However, some ESG-related risks and matters may be considered in the financial audit cycle. The paper’s findings are significant from the scientific research perspective as only a few studies contribute to ESG and auditing. The article also provides some practical implications that might be important for audit clients, firms, and regulators.
{"title":"The Importance of the ESG Factors and Their Potential Impact on an Audit of a Financial Statement","authors":"Magdalena Indyk PhD, FCCA","doi":"10.22158/ibes.v4n3p1","DOIUrl":"https://doi.org/10.22158/ibes.v4n3p1","url":null,"abstract":"This review paper aims to determine the potential impact of Environmental, Social, and Corporate Governance (ESG) factors on an audit of a financial statement. For this reason, a triangle of implications has been proposed, i.e., for: (1) audit clients whose business activity is reflected in a financial statement; (2) a financial statement; and (3) audit firms which perform an audit. The evidence represents a collection of a) scientific articles, b) publications offered by professional accounting bodies and consulting firms, and c) relevant standards and legal regulations. The paper finds that ESG has become a factor which must be considered, and the financial world will face multiple changes. For audit clients, the critical aspect will be ESG integration with a business model. Financial reporting will evolve under Exposure Drafts IFRS S1 and IFRS S2. A financial statement will require in-depth knowledge about existing accounting standards to reflect the financial implications of ESG-related products and transactions. Moreover, there is a distinction between “financial audit” and “ESG assurance” in audit and assurance services. However, some ESG-related risks and matters may be considered in the financial audit cycle. The paper’s findings are significant from the scientific research perspective as only a few studies contribute to ESG and auditing. The article also provides some practical implications that might be important for audit clients, firms, and regulators.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"218 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133195114","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Humankind today lives with technology-driven lifestyles where services are carried-out in a competitive manner in economy country-wise such as the United States. In this progression, banking services are no different. It has resulted digital-banking in US-economy where few banks do not have physical branches. Under Bank Laws, Federal Deposit Insurance Corporation (FDIC) has been protecting bank deposits. However, e-banking is characterized by evolving many factors that are often unpredictable. It faces serious pitfalls being it riskiness in digital banking – bank-led and mobile-led digitals. These weaknesses cause abuses. Customers face perceived risks. It undermines growth-trends of e-banking. Dealing with the challenges in US-economy, application of Akim’s model-Voluntary Insurance (VI)—a proposed product in today’s e-banking, can be impetus for policy-design, which can boost number of users. Welfare Analyses have guided setting insurance-price ensuring customer’s efficiency-cost so that VI becomes appealing. It can present cash-less society sooner than delaying.
{"title":"Ensuring Risk-Free Digital-Banking in US-Economy: Application of Akim’s Model","authors":"A. Rahman, Saadi Islam","doi":"10.22158/ibes.v4n2p102","DOIUrl":"https://doi.org/10.22158/ibes.v4n2p102","url":null,"abstract":"Humankind today lives with technology-driven lifestyles where services are carried-out in a competitive manner in economy country-wise such as the United States. In this progression, banking services are no different. It has resulted digital-banking in US-economy where few banks do not have physical branches. Under Bank Laws, Federal Deposit Insurance Corporation (FDIC) has been protecting bank deposits. However, e-banking is characterized by evolving many factors that are often unpredictable. It faces serious pitfalls being it riskiness in digital banking – bank-led and mobile-led digitals. These weaknesses cause abuses. Customers face perceived risks. It undermines growth-trends of e-banking. Dealing with the challenges in US-economy, application of Akim’s model-Voluntary Insurance (VI)—a proposed product in today’s e-banking, can be impetus for policy-design, which can boost number of users. Welfare Analyses have guided setting insurance-price ensuring customer’s efficiency-cost so that VI becomes appealing. It can present cash-less society sooner than delaying.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121709827","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The development of data products is the essential characteristic and condition of the digital economy, thus giving rise to a new form of ecological competition. The issue of unfair competition and data products is becoming increasingly prominent. At present, for the legal protection of data products, considering the restrictions on laws and regulations, legal remedies are provided according to the anti-unfair competition law. However, as for the disputes in the ownership of data products, the attribute of right becomes an unavoidable focus of dispute in juridical practice. Network operators have devoted an enormous amount of hard work to data products. Based on the theory of the property rights of labor, network operators are entitled to property rights. In the era of artificial intelligence and big data, lawmakers give property rights to data products. It is also an important measure in response to the development of times. This paper briefly analyzes the necessity and legitimacy of establishing property rights for data products.
{"title":"Dilemma and Breakthrough: Necessity and Legitimacy of Establishing Property Rights for Data Products","authors":"Yijing Xia","doi":"10.22158/ibes.v4n2p96","DOIUrl":"https://doi.org/10.22158/ibes.v4n2p96","url":null,"abstract":"The development of data products is the essential characteristic and condition of the digital economy, thus giving rise to a new form of ecological competition. The issue of unfair competition and data products is becoming increasingly prominent. At present, for the legal protection of data products, considering the restrictions on laws and regulations, legal remedies are provided according to the anti-unfair competition law. However, as for the disputes in the ownership of data products, the attribute of right becomes an unavoidable focus of dispute in juridical practice. Network operators have devoted an enormous amount of hard work to data products. Based on the theory of the property rights of labor, network operators are entitled to property rights. In the era of artificial intelligence and big data, lawmakers give property rights to data products. It is also an important measure in response to the development of times. This paper briefly analyzes the necessity and legitimacy of establishing property rights for data products.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126263337","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The financial fraud of Kangmei Pharmaceutical was exposed, and the scale of financial fraud reached the largest in the history of A-shares, which is shocking. On November 17, 2021, the Intermediate People’s Court of Foshan City, Guangdong Province publicly pronounced its judgment on the case of 12 people including Kangmei Pharmaceutical’s former chairman and manager of the China Securities Regulatory Commission, Ma Xingtian, for manipulating the securities market. There has been extensive discussion in the industry. This article will firstly sort out the whole story of the financial fraud incident in Kangmei Pharmaceutical, and analyze the means of financial fraud in Kangmei Pharmaceutical; secondly, it will focus on the audit failure and the failure of independent directors in the financial fraud case and the reasons; Finally, some suggestions are put forward from three aspects: Strengthen the internalgovernance, improve the external governance and the independent director system.
{"title":"The Failure of Kangmei, the Lesson of A-Shares","authors":"Jianwei Ma, Na Wang, Qiang Li","doi":"10.22158/ibes.v4n2p88","DOIUrl":"https://doi.org/10.22158/ibes.v4n2p88","url":null,"abstract":"The financial fraud of Kangmei Pharmaceutical was exposed, and the scale of financial fraud reached the largest in the history of A-shares, which is shocking. On November 17, 2021, the Intermediate People’s Court of Foshan City, Guangdong Province publicly pronounced its judgment on the case of 12 people including Kangmei Pharmaceutical’s former chairman and manager of the China Securities Regulatory Commission, Ma Xingtian, for manipulating the securities market. There has been extensive discussion in the industry. This article will firstly sort out the whole story of the financial fraud incident in Kangmei Pharmaceutical, and analyze the means of financial fraud in Kangmei Pharmaceutical; secondly, it will focus on the audit failure and the failure of independent directors in the financial fraud case and the reasons; Finally, some suggestions are put forward from three aspects: Strengthen the internalgovernance, improve the external governance and the independent director system.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121261626","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The main objective of this study is to evaluate the financial performance and trends of Furra institute of development studies and education share company (FIDSE S.C) in the Sidama region, Ethiopia. Financial performance analysis is very important to identify whether or not the financial position of a given company is healthy or sound. In this study, secondary data was collected from audited financial statist prepared by furra institution from period 2012 to 2020 G.C, and other relevant sources. Financial reports are considered the population for this study. Eight (8) year audited financial reports were selected as sample purposively and analyzed for this study. Ratio and trends analysis was utilized also table and graphs, average mean were used to present data. Liquidity ratio, long-term solvency, (leverage) ratio, profitability ratio, turnover ratio were used. The result of the analysis founds that overall liquidity positions were satisfactory, TD to TE, and TD to TA ratios were lower. Also, the study found that 95% of institutions’ assets and operations are financed by internal equity capital. Except for fluctuated trends in net profit, growth in sales, GP, total asset, and total equity were showed positive and incremental growth over the study period, Thus, it concluded that the overall financial position of the Furra institution over the study period was satisfactory. Thus, the researcher recommended to management that profitability should be improved more by minimizing admin and operating expense as well as by mixing some extent of debit to finance other projects and also to get tax shield.
{"title":"Financial Performance and Growth Trend Analysis of Furra Institute of Development Studies and Education Share Company in Sidama Region, Ethiopia","authors":"Aklilu Assefa Adato","doi":"10.22158/ibes.v4n2p67","DOIUrl":"https://doi.org/10.22158/ibes.v4n2p67","url":null,"abstract":"The main objective of this study is to evaluate the financial performance and trends of Furra institute of development studies and education share company (FIDSE S.C) in the Sidama region, Ethiopia. Financial performance analysis is very important to identify whether or not the financial position of a given company is healthy or sound. In this study, secondary data was collected from audited financial statist prepared by furra institution from period 2012 to 2020 G.C, and other relevant sources. Financial reports are considered the population for this study. Eight (8) year audited financial reports were selected as sample purposively and analyzed for this study. Ratio and trends analysis was utilized also table and graphs, average mean were used to present data. Liquidity ratio, long-term solvency, (leverage) ratio, profitability ratio, turnover ratio were used. The result of the analysis founds that overall liquidity positions were satisfactory, TD to TE, and TD to TA ratios were lower. Also, the study found that 95% of institutions’ assets and operations are financed by internal equity capital. Except for fluctuated trends in net profit, growth in sales, GP, total asset, and total equity were showed positive and incremental growth over the study period, Thus, it concluded that the overall financial position of the Furra institution over the study period was satisfactory. Thus, the researcher recommended to management that profitability should be improved more by minimizing admin and operating expense as well as by mixing some extent of debit to finance other projects and also to get tax shield.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127575447","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
With the opening of the establishment of new banks in the 1990s, it led to an excessive number of domestic bankers and an excessively small scale, which caused a decline in the quality of financial assets and eventually resulted in adverse selection and moral hazard under information asymmetry in the domestic cash card market, triggering a card debt crisis and serious social problems. This article examined whether the phenomenon of information asymmetry was improved after the competent authority intervened. The results highlighted the important position of the competent authority in financial institution management and made information asymmetry improved eventually.
{"title":"The Successful Experience on Facing Information Asymmetry?—Cash Cards in Taiwan","authors":"Shih-Chi Shen, Wu Chang, Yi-Yu Shih, Chih-Hsiung Chang","doi":"10.22158/ibes.v4n2p12","DOIUrl":"https://doi.org/10.22158/ibes.v4n2p12","url":null,"abstract":"With the opening of the establishment of new banks in the 1990s, it led to an excessive number of domestic bankers and an excessively small scale, which caused a decline in the quality of financial assets and eventually resulted in adverse selection and moral hazard under information asymmetry in the domestic cash card market, triggering a card debt crisis and serious social problems. This article examined whether the phenomenon of information asymmetry was improved after the competent authority intervened. The results highlighted the important position of the competent authority in financial institution management and made information asymmetry improved eventually.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122774158","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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