Innovation Accounting Research Articles

Revisiting the pollution haven hypothesis within the context of the environmental Kuznets curve

PurposeThis purpose of this study is to explore the impact of global trend of economic integration and interconnectedness which has drawn the attention of world economies and their implications on trade inflow. This trajectory has its impact, either positive/negative, on key macroeconomic indicators, to say the least on environmental sustainability, especially emerging economies. To this end, the need to explore the connection between foreign direct investment (FDI) inflow and energy consumption amidst the wave of economic globalisation is timely and pertinent for the case of Turkey.Design/methodology/approachThis study seeks to explore the interaction between the outlined variables in a carbon-income framework for annual time series data from 1970 to 2016. A series of econometrics strategies was used consisting of unit root tests to examine the stationarity properties of the highlighted series. Subsequently, Pesaran’s Bounds testing technique is used to explore the long-run equilibrium relationship between the highlighted variables in conjunction with the Johansen cointegration test. For long-run regression coefficients, Pesaran’s autoregressive distributed lag and dynamic ordinary least squares methodology are used, and innovative accounting approaches are used to explore the responsiveness of each variable on another.FindingsEmpirical results validate the pollution haven hypothesis (PHH) in the long run for the case of Turkey. Thus suggesting that FDI inflow induced environmental degradation in Turkey. Additionally, this study observed that renewable energy, on the contrary, improves the quality of the environment. This study also affirms the presence of the environmental Kuznets curve phenomenon, indicating that Turkey, at its early stage of economic trajectory, emphasis is on economic growth rather than environmental quality. This suggests a need for more deliberate action(s) by the government administrators to pursue cleaner FDI inflow and energy technologies and strategies to foster a clean environment in Turkey and a cleaner ecosystem at large.Originality/valueThis study is unique in its choice of variables which is in line with the United Nations Sustainable Development Goals (SDGs) agenda to be achieved by 2030 and is very limited in the extant literature. From the economic perspective, the effect of the PHH is of interest especially to ascertain the extent the interplay among the variables has on the economy of Turkey. The empirical insights on PHH hypothesis have received less documentation in the extant literature especially for emerging economy like Turkey. Thus, this study seeks to revisit this theme for Turkey with aim to presents environmentally sustainable strategies without compromise for economic growth. Thus, this study seeks to revisit this theme.

A Descriptive Analysis of Lively Accounting Acceptance from the View of Accounting Education: The Integration of Academic Flashcards and Augmented Reality Technology

Due to the Covid-19 global pandemic, the use of technological advancement is increasingly becoming a great determinant in education which demands accounting educators to consistently establish new innovative teaching and learning methods. Accounting education seeks to develop concepts, rules and theories for solving accounting problems. However, teaching accounting in accounting education is not an easy task. Students ordinarily encounter the complexities of not just understanding the technical mechanisms, but also to apply the terminology and fundamentals of accounting. The main objective of this study is to develop primary results on the practicality of the main features of Lively Accounting which integrates flashcards with augmented reality application and to identify other expanded TAM variables towards technology acceptance of Lively Accounting. Reminiscing and understanding accounting theories is the main issue experienced by students. Therefore, Lively Accounting as a flexible educational tool creates a different style of experience where users can learn both offline and online. Descriptive approach was used in this present study. For data collection, questionnaires were distributed through an online platform and an illustrative video about Lively Accounting was disseminated to accounting students in UiTM Tapah. The major findings of this study discovered that the main attributes of Lively Accounting do satisfy the needs and preferences of students as it enhances students’ knowledge and understanding for the related course. The acceptance of Lively Accounting is believed to be contributed initially by the constructs of perceived usefulness, perceived ease of use, perceived enjoyment and attitude toward use. It seems that students with a pleasant feeling about the usefulness of technology will be motivated to use and accept this new learning experience. Due to the demand for an innovative accounting learning tool, Lively Accounting is considered as one of the recommended methods especially in accounting education. Future research should consider the effect of augmented reality applications on students' learning effectiveness to give better insight for educators to use appropriate learning styles and strategies.

Richardson on moral innovation

Richardson on moral innovation

Bioenergy Assets as an Innovative Accounting Object: Definition and Recognition Criteria

One of the main tasks of Ukraine’s Energy Strategy until 2050 is to develop bioenergy and use renewable energy sources. A promising area of energy production is the processing of biomass and energy plants into biofuel. However, the need for a unified approach to the theoretical definition of the main elements of bioenergy and a standardized system of recognizing them as accounting objects determines the urgency of researching this problem. The study aims to substantiate the use of the new term “bioenergy assets” for accounting purposes, to form its definition following the identification parameters and to highlight the main criteria for recognition as an innovative accounting object. Analysis, synthesis, and deduction were used to identify a gap in the regulatory and scientific literature regarding the existence of a term that would combine energy assets of biological origin for accounting purposes. Specification of the term “bioenergy assets” was carried out by comparing existing terms and identifying their shortcomings. The synthesis and comparison became the basis for identifying the characteristic features of bioenergy assets, which will serve as criteria for their recognition in financial and management accounting. The article proposes that energy plants and organic substances (products, waste, residues of livestock and crop production) produced in agriculture, forestry, fisheries and related industries, as well as industrial and household waste of organic origin, which, in the process of biological, physical and chemical transformations, are capable of generating energy for public needs and bringing environmental benefits, should be considered as bioenergy assets. The new terminology that would serve as the basis for identifying an innovative accounting object was formed. The main criteria for recognition of bioenergy assets in the accounting and analytical system of enterprises were highlighted: renewability; non-fossil character; the ability to create energy as a result of biological, physical and chemical transformations; the opportunity to bring environmental benefits; and organic origin.

Political Corruption and Democratic Representatives - Emanuela Ceva and Maria Paola Ferretti: Political Corruption: The Internal Enemy of Public Institutions. (Oxford: Oxford University Press, 2021. Pp. 232.)

Ceva and Ferretti's book offers an innovative account of political corruption as “a form of unaccountable use of entrusted power” (14). Accordingly, an officeholder's conduct counts as corrupt when in her institutional capacity she pursues an agenda whose rationale cannot be vindicated as coherent with the power mandate specified by her institutional role. Among the numerous advantages of this persuasive view, one is that it offers a nonmoralized definition of corruption with explanatory and discriminatory potential (21). Another point of strength is that the authors outline an original path to anticorruption centred on developing a public ethics of office accountability. To ensure public institutions’ good functioning, officeholders must exercise their power mandate in accordance with institutions’ raison d’être and engage in practices of mutual answerability, as they are all accountable to each other in virtue of the interrelatedness of their institutional roles (25).

Foreign Portfolio Investment and Economic Growth in Malaysia

This study examines the relationship between foreign portfolio investment (FPI) and Malaysia’s economic performance. In particular, the study analyses the relationship between FPI and real gross domestic product (GDP) using the widely adopted Granger causality test and the more recent Toda and Yamamoto’s (1995) non-causality test to establish the direction of causation between the two variables. Similar method is also applied on the relationship between volatility of FPI and real GDP. Additionally, the study uses an innovation accounting by simulating variance decompositions and impulse response functions for further inferences. Using quarterly data covering the period from 1991 to 2006, the study finds evidence that economic growth causes changes in the FPI and its volatility and not vice versa.. The findings suggest that economic performance is the major pull factor in attracting FPI into the country. Thus, it must be ensured that the Malaysian economy remains on a healthy and sustainable growth path so as to maintain investor confidence in the economy. JEL classification: G15, C32, C12 Keywords: Foreign Portfolio Investment, Economic Growth, Granger Causality, Toda-Yamamoto Non-causality, Variance Decomposition

Rebuilding ships while at sea-Character individuality, homology, and evolutionary innovation.

How novel traits originate in evolution is still one of the most perplexing questions in Evolutionary Biology. Building on a previous account of evolutionary innovation, I here propose that evolutionary novelties are those individualized characters that are not homologous to any characters in the ancestor. To clarify this definition, I here provide a detailed analysis of the concepts of "character individuality" and "homology" first, before addressing their role for our understanding of evolutionary innovation. I will argue (1) that functional as well as structural considerations are important for character individualization; and (2) that compositional (structural) and positional homology need to be clearly distinguished to properly describe the evolutionary transformations of hierarchically structured characters. My account will therefore integrate functional and structural perspectives and put forward a new multi-level view of character identity and transformation.

Divine and Human Love in the Philosophy of Miklos Vetö (1936‐2020)

AbstractDuring recent decades there has been an upsurge of studies exploring the nature and conditions of human love. This article examines an original and consciously Christian approach by the Hungarian‐French philosopher, Miklós Vetö, who builds his innovative account of love on trinitarian foundations (Court traité sur l'amour, L'Harmattan, 2020). His ‘expanded’ metaphysics lays bare the theological content of philosophical assumptions, and it also rethinks traditional theological themes in a novel conceptual way. Our survey proceeds in three consecutive steps. First, it reflects on the overall shape of Vetö's project and on his distinctive view of the relationship between the philosophical and the theological enterprise. Second, it investigates some key concepts of Vetö's (uncompleted) philosophy of God and central elements of his conception of divine love. Third, it examines Vetö's phenomenological analyses of various forms of human love in order to outline the pivotal building blocks of his novel approach, which, however, provokes further questions and invites one to revitalise both the theological and the philosophical quest for a better understanding of this ceaselessly intriguing topic.

The Contribution of ERP Systems to the Maturity of Internal Audits

Maturity models help companies verify whether their maturity goal has been reached and point out some instruments that can be used to reach their desired maturity levels. Furthermore, if the organization's goal is to improve their organizational performance and competitiveness, then it is crucial to use ERP (enterprise resource planning) systems together with innovative accounting procedures and management strategies. Thus, this study aims to combine these two topics: ERP systems and maturity in IA (internal audit), assessing eventual existence of a relationship between these topics. The methodology used was a survey, through a questionnaire, to Portuguese internal auditors. From a sample composed of 83 responses, it is highlighted that although most of the results point to a high level of maturity of the IA, despite the sample size limitation, it was possible to conclude that, among other outcomes, there is no statistical evidence that points to a direct relationship between the use of ERP systems in the audit procedures and maturity levels in IA.

Freedom and Responsibility in Neoplatonist Thought

<i>Freedom and Responsibility in Neoplatonist Thought</i>

РОЛЬ ЗВІТНОСТІ ТА СТАТИСТИКИ В КАПІТАЛІЗАЦІЇ АКТИВІВ ПІДПРИЄМСТВ ТА НАЦІОНАЛЬНОГО БАГАТСТВА

The role of reporting and statistics as a component of measuring the progress of sustainable development is constantly growing. Economic thought is increasingly based on the concept of wealth - the base of assets, as the foundation of creating well-being and aims to measure it, determine the size of investment attractiveness, and present it in analytical tables and reports as a component of modern business reputation. The approach of the World Bank involves the assessment of wealth according to three components: natural capital, manufactured assets, human assets. It was established that the national statistical methodology refers to the value of national capital: residential, non-residential buildings and structures, land and rights to natural resources, machinery and equipment, cultivated and intangible assets. At the same time, natural and human capital is not fully represented in the national wealth of Ukraine. Therefore, the goal of monetary measurement and capitalization of national wealth is seen as the direction of further development of the theoretical foundations of accounting. Accounting functionality is worth it to be defined as a macroeconomic tool for the capitalization of national wealth. The potential of a business entity, in our opinion, should be considered in the accounting field as a set of resources enterprise, which, depending on the type, is or is not an object of accounting and participates in the formation of the value of the enterprise. The methodological task for the formation of the policy of accounting capitalization is the generalization and certain ordering of the branches of the economy, in relation to which it is necessary to have separate sectoral norms of accounting and statistical reporting. Such a generalization should be based on industry factors that shape the value of products in the industry, the presence of specific accounting objects, principles of adaptation of existing accounting tools for specific business conditions. Economic services and management of enterprises can influence the level of capitalization of the enterprise due to the development of innovative accounting and financial technologies, proper presentation of the natural and economic potential of Ukraine in the global information space.

Prevention of COVID-19 pandemic through technological innovation: ensuring global innovative capability, absorptive capacity, and adaptive healthcare competency.

The study examines the role of technology transfer in preventing communicable diseases, including COVID-19, in a heterogeneous panel of selected 65 countries. The study employed robust least square regression and innovation accounting matrixes to get robust inferences. The results found that overall technological innovation, including innovative capability, absorptive capacity, and healthcare competency, helps reduce infectious diseases, including the COVID-19 pandemic. Patent applications, scientific and technical journal articles, trade openness, hospital beds, and physicians are the main factors supporting the reduction of infectious diseases, including the COVID-19 pandemic. Due to inadequate research and development, healthcare infrastructure expenditures have caused many communicable diseases. The increasing number of mobile phone subscribers and healthcare expenditures cannot minimize the coronavirus pandemic globally. The impulse response function shows an increasing number of patent applications, mobile penetration, and hospital beds that will likely decrease infectious diseases, including COVID-19. In contrast, insufficient resource spending would likely increase death rates from contagious diseases over a time horizon. It is high time to digitalize healthcare policies to control coronavirus worldwide.

Environmental Effects of Bio-Waste Recycling on Industrial Circular Economy and Eco-Sustainability

Few prior studies have examined the social and environmental consequences of waste generation and recycling, resulting in a policy gap in the sustainability agenda. The research filled a knowledge vacuum in the literature by investigating the environmental repercussions of different waste generation and recycling processes in the Chinese economy. The study analyzed waste production and recycling statistics over the last 46 years, from 1975 to 2020, and their impact on the nation’s emissions per capita. This study used four primary approaches to determine the links between the examined variables, beginning with the unit root test, which identifies the stationary process of the variables’ underlying processes. Second, the autoregressive distributed lag (ARDL) model was used to produce the variables’ short- and long-run estimates. Third, estimations of Granger causality examined the causal relationships between the variables. Finally, innovation accounting matrices (IAM)were utilized to predict the relationships between variables during the following decade. The unit root estimates imply the mix order of variable integration; hence, it is appropriate to employ ARDL modeling for parameter estimations. The ARDL estimations demonstrate that combustible renewables and waste decrease a nation’s carbon emissions by boosting industrial waste recycling. Despite recycling systems, carbon emissions have escalated to uncontrolled levels owing to the massive production of municipal solid garbage. Sustainable waste management and recycling are vital to reducing carbon emissions. Granger’s estimations of causation imply that combustible renewables and waste and carbon emissions cause industrial and municipal solid waste recycling. Additionally, population growth is responsible for greenhouse gas emissions, biowaste recycling, and industrial waste recycling. Furthermore, this shows the two-way connections between combustible renewables and waste and carbon emissions, implying the need to develop green waste recycling strategies in a nation. The IAM method identified future relationships between variables, which aids policymakers in implementing sustainable waste management practices for a nation. This study concludes that the environmental consequences of waste generation and recycling impede the nation’s circular economy agenda, which can be sustained by knowledge spillovers, chemical reduction in manufacturing, and allocating a certain amount of US dollars to ecological resource conservation.

Insurgency as Situated Invention: Jean-Paul Sartre's Materialist Theory of Struggles Against Oppression and Exploitation

ABSTRACT The aim of this paper is to theorize insurgent political action on the basis of Jean-Paul Sartre’s Critique of Dialectical Reason. It reconstructs a Sartrean model of insurgency that prioritizes an insurgent group’s capacity for situated inventions. It argues that, similar to Fanon, Sartre theorized that groups that struggle against oppression and exploitation constantly invent novel conditions that steer society in unforeseeable directions. However, these inventions of insurgent action are never absolutely contingent but always take place in concrete situations which never cease to condition them. This paper analyses two concrete factors which condition the inventions of insurgent action: the seriality from which the group arises and to which it always threatens to return, and the actions of hostile groups. Taken together, this paper claims that Sartre provides a coherent and innovative account of insurgent political action.

Co-creating a Better Public Value Through Open Innovation: A Bibliometric and Interpretive Review

The evolving institutional, technological, and social contingencies faced by public sector entities make open innovation to be a candidate for being the new normality of public sector management. However, there is little agreement on the distinguishing traits of open innovation in the public realm. The article systematizes the multiplicity of insights delivered by the extant scientific literature, providing a thick and comprehensive account of open innovation in the public sector. A dual approach was taken to conduct this literature review. A bibliographic analysis was implemented to shed light on main research streams driving recent advancements in the management discourse about open innovation in the public sector. Next, an interpretive account of research streams was rendered, highlighting the core arguments addressed by extant scholarly literature. The SPAR-4-SLR protocol was used to collect, assess, and analyze scientific items, enabling us to ensure the study replicability and reliability. Altogether, 108 items were clustered in 5 research streams, accounting for an evolutionary view of open innovation in the public sector. Public sector entities play different roles to foster open innovation. They conventionally act as “senior partners” of private companies, providing funding (Yellow cluster) and data (Purple cluster) to sustain open innovation ecosystems. An alternative perspective understands open innovation as an innovative public management model, which is purposefully enacted by public sector entities to generate public value (Red cluster). Fitting architectures (Green cluster) and mechanisms (Blue cluster) should be designed to propel open innovation in the public sector. Alongside unveiling compelling avenues for further developments, the paper points out insights for scholars and practitioners, emphasizing the need for reconceptualizing the role of public sector organizations in the open innovation context. Tailored management and organizational interventions are needed to overcome the obstacles and the barriers which prevent the exploitation of open innovation as a new public value creation model

УПРАВЛЕНИЕ ИННОВАЦИЯМИ В ПРЕДПРИНИМАТЕЛЬСКОЙ ДЕЯТЕЛЬНОСТИ

The innovative activity of entrepreneurial structures in Russia does not meet the requirements of the modern level of scientific and technological progress. One of the reasons for this appearance is an unfavorable economic climate, characterized by the underdevelopment of the institutional and infrastructure environment, market conditions and business conditions, the need for knowledge and technology from the business community, and the creativity of the pre-resiners. At the same time, for modern domestic entrepreneurship, the characters are weak with the main contingent of its stakeholders, which is why the consideration of the requirements and capabilities of the main part of potential partners is difficult. The proposed al-city development of the strategy and tactics of innovation in entrepreneurship will eliminate identified flaws. The subject is the socio-economic processes and relations that arise in the process of managing innovation in entrepreneurial activity. The direction of the study is the definition and methodological justification of the approach to the development of an innovation management policy in entrepreneurial activity in the context of an unfavorable innovative climate based on a stakeholder approach. The purpose of the study is to justify the influence of the innovative climate and accounting for the interests of the main stakeholders on innovative activity and innovative policy of entrepreneurial structures. Development of an algorithm for the formation of an innovative strategy and tactics of the company. In the process of research, general scientific (analysis and synthesis, induction and deduction, analogy, generalization) and special (monographic, statistical-economic, abstract-logical) methods of scientific knowledge were used. Based on the analysis of the innovative climate formed in the conditions of the formation of Industry 4.0, the need to take into account its key parameters in the development of strategy and tactics for managing innovation in entrepreneurial activity is substantiated. The influence of relationships with internal and external stakeholders on the activity and success of innovative processes in business structures has been clarified. The algorithm for developing a strategy and tactics for managing innovations in entrepreneurship has been developed and substantiated. Promising mechanisms for the activation of innovative activity in internal development are substantiated. The results of the study can be used by the legislative and executive state authorities, the academic community in the development of areas of improving the innovative climate, as well as business entities for the development and development of internal policy of innovation management.

Training Mode of Innovative Accounting Talents in Colleges Using Artificial Intelligence

With the rise of big data revolution, a new generation of artificial intelligence (AI) is gaining momentum and the AI era will come strongly. However, the accounting profession is also showing a booming trend in colleges and universities, which, as the main base of higher education talent training, also undertake a considerable part of the task of training accounting talents. As traditional accounting is gradually replaced, finance professionals are being forced to gradually change to management talents. In the information era, how to realize the transformation of talent cultivation mode of financial management professionals, how to use modern technology to realize the deep integration of AI and education teaching, and how to realize the innovation of intelligent classroom teaching mode are the challenges facing the innovation of applied talent cultivation mode in colleges and universities. The article combines the changes brought by AI to the accounting industry, analyzes the current situation of accounting talent cultivation mode in colleges and universities, sorts out the challenges brought by AI to college accounting talent cultivation, and proposes that the college accounting talent cultivation mode should be further improved in terms of talent cultivation structure, cultivation plan and goal, and cultivation ideas and methods. The experimental results show that the average application time of AI basic scheduling algorithm is 1.47 h shorter than that without AI basic scheduling algorithm, which can not only increase the total number of tasks in a planned and controlled way but also ensure the effective reduction of the whole task running time in the platform. Therefore, the AI-based innovative accounting talents cultivation model in colleges and universities, exploring an excellent new model for cultivating innovative talents in accounting professions, enables the innovative accounting talents cultivated in schools to meet the needs of society and enhance their irreplaceability.

Do precarious female employment and political autonomy affect the under-5 mortality rate? Evidence from 166 countries.

The United Nations’ Sustainable Development Goals (SDGs) were designed to benefit the globalized world by safeguarding economic and environmental resources necessary for quality health and well-being and moderate growth and development. The study focused specifically on SDG-3 (good health and well-being), SDG-5 (gender equality), and SDG-8 (decent work and economic growth) to identify the most significant influencing factors that can affect the under-5 mortality rate in a large cross-section of 166 countries. The research used three different regression apparatuses to produce consistent and unbiased estimates: cross-sectional, robust least squares, and quantile regression approaches. Additionally, the innovation accounting matrix technique examines the intertemporal relationships between the variables over the time horizon. The data reveal that precarious female employment increases the under-5 mortality rate. On the other hand, women’s political autonomy continued economic growth, and higher immunization coverage is supporting factors for achieving healthcare sustainability agenda. The ex-ante analysis indicates that per capita income will significantly impact the under-5 mortality rate, followed by women’s political autonomy, insecure female employment, and immunization coverage during the next ten years. The results are consistent with other health indicators such as the health damage function, labour market function, and wealth function. The study suggests that the more unlocking women’s potential in political life, the more likely it is to achieve equitable healthcare choices and reduce the mortality rate among children under five. As a result, there is an urgent need for women to have an equitable share of the labour market to appropriately meet their family healthcare demands.

Impact of Capital Flow on Economic Growth: Empirical evidence from Ethiopia (1980-2010) using ARDL Approach

Evidence abound that some transitioning and developing countries are attracting large inflows of foreign capital that could engender economic growth or have destabilizing effects on their economies if not well managed. This has undoubtedly aroused anxiety over its potential effects on economic growth, the competitiveness of the export and external sectors viability. The study examines the impact of capital flow on economic growth in Ethiopia as well as the causal shortrun and long-run relationship among the variables, using time series data from 1980 – 2010. Using the Autoregressive Distributed Lag (ARDL) approach, the result reveals that all the variables are statistically significant; which implies that the capital flow has an impact on economic growth in both short- and long-run dynamic equilibrium models. Additionally, Vector Autoregressive (VAR) and Innovative Accounting Techniques approach to Granger causality analysis shows that there exists bidirectional causality between gross capital flow, and economic growth. Consequently, these findings suggest that policy makers should critically understand, the nature, what drives the capital flows, and the impact of its sudden surge or reversal on economy. Moreover, it is also recommended that government should continue to pursue trade and foreign exchange policies that would ensure competitiveness of the export sector viability and economic growth.

Contemporaneous causality among residential housing prices of ten major Chinese cities

PurposeThis study aims to investigate dynamic relationships among residential housing price indices of ten major Chinese cities for the years 2005–2021.Design/methodology/approachUsing monthly data, this study uses vector error correction modeling and the directed acyclic graph for characterization of contemporaneous causality among the ten indices.FindingsThe PC algorithm identifies the causal pattern and the Linear Non-Gaussian Acyclic Model algorithm further determines the causal path, from which this study conducts innovation accounting analysis. Sophisticated price dynamics are found in price adjustment processes following price shocks, which are generally dominated by the top tiers of cities.Originality/valueThis study suggests that policies on residential housing prices in the long run might need to be planned with particular attention paid to these top tiers of cities.