Interested Parties Research Articles

Study on the Protection and Rational Utilization of Personal Information in the Digital Era

Since the advent of the digital age, personal information has been collected and aggregated, evolving into a new type of asset through innovative data technologies, which has generated significant economic benefits in circulation. At the same time, the traditional approach to personal information protection, which primarily focuses on privacy, is no longer sufficient for the demands of the digital era and does not facilitate the realization of the social value of personal information. How can these interests be appropriately balanced in law, and how can the legitimate rights and interests of the relevant parties be protected? To address these issues, the Personal Information Protection Act was introduced. However, the implementation of this law still faces challenges related to conceptual definitions, self-determination, and the protection and utilization system. Therefore, this article will consider the Personal Information Protection Law and international legislative practices to clarify the legal attributes of personal information, define the concept, and outline the rights of the information subjects, as well as the duties, responsibilities, and liabilities of information processors. It aims to answer these questions from the perspective of integrating sectoral laws and safeguard mechanisms. The article also explores the balance between individual and societal interests, promoting the protection and rational use of personal information in the digital age.

The Role of Social Impact Bond on Utilizing Impact Investment to Develop Asir District in Line with the Kingdom’s Vision 2030: Academics and Economists' Perspectives

The social impact bond (SIB) is a new tool for financing innovative social projects and impact investment. This financial method has since been introduced (Warner,2013) in the whole world. SIBs are a strategically double-edged policy tool and policymakers should be prudent about SIBs because of legitimate convolution and management, responsibility, and precision (Tan, et al., 2021). The current study aims to explore the perspectives of academics and economists on the role played by Social Impact Bond in utilizing impact investment to develop Asir district in line with the Kingdom’s Vision 2030. The descriptive-analytical method was adopted by the researcher in this study to describe the responses of the study sample to its topic. Some indicators of the mean, standard deviation, and relative significance of each item of the study area were employed. This paper is eminently reflective, and the methodology on relies on an analytical research method. In addition, the results of 100 brief investigations collected in the Kingdom of Saudi Arabia are summed up to show the role played by Social Impact Bond in using Impact Investment and the circular economy's principles by businesses at the micro-level is underexplored in the literature. The findings of the study revealed that 82.3% of Academics and Economists perceive that the role played by social impact bond on utilizing impact investment to develop Asir district in line with the Kingdom’s Vision 2030 is effective, and the percentage of approval on the domain was high in terms of the mean of 3.86. Also, the study showed that Academics and Economists perceive Social impact bonds to include a wide range of interested parties such as Saudi governmental bodies, and investors to work together significantly to set up a SIB has many advantages as the mean hits 4.48 with a percentage of97.8 %. In light of the results, the study recommends decision-making bodies assess carefully what is the value added for applying social impact bonds.

“The Devil You Know”: Barriers and Opportunities for Co-Designing Microclimate Sensors, A Case Study of Manoomi

Current environmental challenges have profound local consequences and often benefit from the collection of fine-grained microclimate data. Advances in wireless sensor networks and the Internet of Things have led to technologies nominally suited to support remote sensing; however, in practice long-running deployments of in-field environmental sensors are rare. Field conditions are often remote and culturally sensitive, with limited power, Internet, transportation, and human infrastructure; advances in device technology alone will not suffice. We ask how communities, Internet of Things researchers, government, and other interested parties can work together to co-design useful, low burden, sustainability-focused infrastructure. Toward this end, we conducted 11 semi-structured interviews with 13 experts who use or rely on environmental sensing technology. To complement our interview data, we engaged in three months of participant observation while immersed in organizations specifically working toward manoomin (wild rice) conservation. We make two primary contributions. First, we confirm and enrich a five-stage model, the microclimate sensor lifecycle, focusing on desired features and persistent challenges. Second, we outline a space for co-design of microclimate sensors with emphasis on the cost of experience, the generally unaddressed issue of technical usability in the messy field, and the opportunity for community engagement to improve technical design and outcomes. Furthermore, we discuss future design opportunities, recommendations, and challenges in the microclimate sensor design, deployment, and sustainability space.

Enhancing valuation of variable annuities in Lévy models with stochastic interest rate

This paper extends the valuation and optimal surrender framework for variable annuities with guaranteed minimum benefits in a Lévy equity market environment by incorporating a stochastic interest rate described by the Hull-White model. This approach frames a more dynamic and realistic financial setting compared to previous literature. We exploit a robust valuation mechanism employing a hybrid numerical method that merges tree methods for interest rate modeling with finite difference techniques for the underlying asset price. This method is particularly effective for addressing the complexities of variable annuities, where periodic fees and mortality risks are significant factors. Our findings reveal the influence of stochastic interest rates on the strategic decision-making process concerning the surrender of these financial instruments. Through comprehensive numerical experiments, and by comparing our results with those obtained through the Longstaff-Schwartz Monte Carlo method, we illustrate how our refined model can guide insurers in designing contracts that equitably balance the interests of both parties. This is particularly relevant in discouraging premature surrenders while adapting to the realistic fluctuations of financial markets. Lastly, a comparative statics analysis with varying interest rate parameters underscores the impact of interest rates on the cost of the optimal surrender strategy, emphasizing the importance of accurately modeling stochastic interest rates.

Правовое регулирование и реализация механизма компенсации при развитии внутренней газификации регионов Российской Федерации

With the development of internal gas distribution in the Russian Federation, the question inevitably arises of the seizure of private lands of individuals and legal entities, as well as the demolition of buildings, structures and other buildings. However, there is no mechanism for legal withdrawal, which gives rise to the non-legal nature of these legal relations and excessive losses of private law subjects, as a result of which many court proceedings load the judicial system. The mechanism for calculating compensation or a percentage of the surcharge fixed by law in case of losses incurred by citizens and legal entities in the implementation of federal orders for the installation of gas pipelines will help protect the rights and interests of owners and third parties whose interests are violated or restricted.

The Role of School Leaders on Students’ Academic Achievement in Secondary Schools of Wolisso Town

School leaders are the primary figures in school settings. And, the success of schools is largely ascertained by the efforts of their school leaders. Therefore, the main objective is to reveal the role of school leaders in students’ academic achievements in secondary schools of Woliso town. A mixed approach and descriptive design that was accompanied by survey method has been utilized. Three primary schools in the town were selected using purposive sampling. From a total of 200 staff in the designated primary schools, 142 participants were recruited using a proportional simple random sampling and availability method in 2023. Data was collected using questionnaires and interviews. The numerical statistics were examined using expressive statistical methods. Mean, ratio and standard deviation are supported by SPSS version 26. The findings show that school leaders’ roles should be considered and taken into account. Developing parents' participation and community involvement, communicating with parents about students' result, facilitating communication between the school and parents regarding academic matters, assigning properties on behalf of appropriate operation and success of school visualization and aims, fulfilling facilities like text books, table, chairs, black boards and other materials to improve academic achievement of students’, facilitate teachers’ adequate workspace for preparation such as library and staff. The government and other interested parties should set priority to work strongly toward improving school leaders’ role and other aforementioned factors sequentially for the success of the students’ academic achievement.

Private Mediation as a Means of Achieving Public Goals

The development and strengthening of private mediation significantly determine the possibilities of overcoming the challenges in the process of the institutionalization of mediation. Establishes an effective system of dispute resolution at the state level. The legal or practical regulation of the abovementioned should be considered a prerequisite for implementing the interests of the subjects of law and forming legal awareness. In addition, the perfect functioning of the justice system, which should ensure the implementation of the legal interests of the subjects of law, is an expression of public and private interests. The well-being and satisfaction of the civil turnover participants are significantly determined by the existence of flexible dispute resolution systems and mechanisms, the correct implementation of which creates guarantees for the stability of civil turnover. In addition, it’s in the public interest that the chain of the means of dispute resolution should be flexible and diverse and allow the interested parties to choose an acceptable method in each case. Regardless of its importance, providing fast and affordable forms of dispute resolution remains a challenge. In addition, it’s important to strengthen cooperation between the public and private sectors in this process, which will be considered an innovation in Georgia. Accordingly, following legislative changes, it is important to raise public awareness, improve legal culture, and strengthen the court’s role in implementing state policy regarding dispute resolution.

Firm-specific and country-level determinants of commercial banks capital structures: evidence from Ethiopia

Since the seminal work of MM irrelevance theory, there has been a long history of controversy among academicians both in developed and developing nations regarding the determinants of capital structure. To this end, the main aim of this study was to investigate firm-specific and country-level determinants of the capital structure of Ethiopian commercial banks. The study adopted an explanatory research design with a quantitative research approach. A panel dataset was obtained from 14 commercial banks, which range from 2010 to 2022. A random effect panel regression result revealed that tangibility, non-debt tax shields, growth, and interest rate had a positive and significant effect, while the gross domestic product had a negative and significant effect on leverage which is used as a measure of capital structure. Among the independent variables tested, ROA, liquidity, effective tax rate, risk, and inflation have an insignificant effect on the capital structure of the selected commercial banks. The study will have implications for managers of commercial banks, legislators, regulators, and other interested parties that can use the study's conclusions to help them make well-informed capital decisions and implement the necessary measures to enhance the financial performance of Ethiopian banks with an optimal ratio of debt to equity.

Financial Transparency of Private Firms: Evidence from a Randomized Field Experiment

ABSTRACTThis paper examines why private firms choose to be financially transparent or opaque by conducting a field experiment with more than 25,000 firms in Germany. We inform a randomly chosen set of firms about a disclosure option that allows eligible firms to restrict access to their otherwise publicly available financial statements. We also vary the messaging in subtle ways to induce experimental variation in the probability that firms take transacting (capital providers or customers and suppliers) versus non‐transacting stakeholders (competitors or general interest parties) into consideration when making their filing decision. Based on each firm's actual filing decision, we find that treated firms are 15% more likely to restrict access to their financial statements. This intention‐to‐treat effect is persistent and concentrated among firms that should derive lower net benefits from disclosure (smaller, more mature firms in less capital‐intensive industries). These findings indicate that informational constraints affect firms’ disclosure practice. Additionally, we show that the treatment effect is almost 40% larger for firms that have a higher, exogenously induced, probability of considering non‐transacting stakeholders when making their disclosure decision. By analyzing subsequent firm activity and complementary survey evidence, we also provide suggestive evidence that disclosure requirements put an undue burden on very small private firms.

Application of criminal law measures as a legal institution

The article highlights the issues of application of criminal law measures as an independent regulatory and legal institution which has a cross-sectoral nature. This institute is complex, since it includes two sub-institutes – criminal law and criminal procedure, and is characterized by its subject matter and method of legal regulation, and is intended to regulate social relations which arose in connection with the introduction in Ukraine of the institute of quasi-criminal liability of legal entities for the fulfillment of Ukraine’s international obligations. The author suggests that a regulatory legal institution should be set out in a standardized manner in various legal acts. Unlike the criminal law sub-institution of application of criminal law measures, criminal procedural rules are «scattered» throughout the text of the Code of Criminal Procedure of Ukraine, which impedes the effective application of the relevant rules. The analysis of the few verdicts that have imposed criminal legal measures on legal entities indicates that, given both the normative shortcomings in the presentation of criminal procedural rules of the institution of application of criminal legal measures and the actual lack of training of interested parties (investigators, prosecutors, judges, lawyers) in specialized educational institutions, this leads to shortcomings in law enforcement and the actual ineffectiveness of the institution as a whole. The author finds that when applying criminal law measures to a legal entity, courts made the following mistakes: they did so independently, without following the procedure for initiating proceedings against a legal entity regulated by criminal procedure legislation; in criminal proceedings against an individual, they approved a plea agreement with a criminal law measure against a legal entity when it was prohibited to do so. The author proposes to conduct specialized training on criminal law and criminal procedural features of quasi-criminal liability of legal entities in Ukraine for investigators, prosecutors, attorneys and judges.

Peningkatan Pemahaman Keagamaan Anak melalui Pendampingan Pembelajaran Praktek Wudhu Anak

The main aim of this research is to find out the results of the evaluation of the implications of mentoring in learning the practice of ablution at the Al-Firdaus Qur'an Education Park (TPQ), Ngrangkok Hamlet, Klampisan Village by applying the Participatory Action Research (PAR) approach. The selection of this PAR approach hopes for active involvement from all levels of TPQ Al-Firdaus, such as teachers, students, caregivers, and student guardians, in the planning, implementation process, and evaluation of ablution learning to find out the impact of the program. This research strategy involves a process structure consisting of observation, interviews, planning, action, and reflection. Data was collected through interviews, field observations, research team discussions, and documentation. The results of this research show the impact of significant changes both in the level of understanding and skills of the students in carrying out ablution practices by the Shari'ah, and also in strengthening their involvement and support from the TPQ community. Active participation from all interested parties is also very helpful in identifying and alleviating conflicts in the learning process. The conclusion from this research is that the use of the PAR approach is very effective in improving the form of mentoring in religious education which involves all parties involved in the stages of the process. It is hoped that these results can be used as material for consideration for teaching in Islamic educational institutions and can then become a model for other Islamic educational institutions in the future.

Соціальні та економічні ефекти розвитку ринку іпотечного кредитування в умовах дії правового режиму воєнного стану

The article reveals the peculiarities of the development of the mortgage lending market in Ukraine and its impact on the socio-economic development of society. Housing mortgage lending allows the optimal combination of the interests of various parties as one of the most reliable ways of attracting private investment through the capitalization of residential real estate, – construction companies, financial and credit institutions, citizens, and the state. The mortgage lending system changes the needs of different social strata of the population, affecting the behavior strategy and adaptation to market conditions. Providing good living conditions contributes to improving the nation’s health, increasing life expectancy, and increasing the working capacity of the population, which are essential components of the country’s social capital. An assessment of the possibilities of stimulating this influence in the conditions of war and post-war recovery was carried out, and the necessary tools for strengthening the social orientation of mortgages were determined. The processes of implementing the state program «eOselia» as a vital tool for restoring mortgage lending to provide affordable housing for the population have been analyzed. The conclusions regarding the possibilities of developing mortgage lending in modern challenges and the need to implement strategic measures to stabilize and expand the housing market in Ukraine are substantiated. The development of the real estate market and mortgage lending is quite tricky due to the instability of the economic situation in the country, the war, and the population’s growing demand for the improvement of housing conditions. Therefore, the proper development of the mortgage lending market will contribute not only to the economy but also to the social development of the state. Thanks to reforms, state support programs, and technological innovations, Ukraine can create a more accessible and stable mortgage market, which will contribute to the improvement of the living conditions of citizens and general economic development. Keywords: mortgage, mortgage lending, mortgage lending market, state lending program.

Weathering market swings: Does climate risk matter for agricultural commodity price predictability?

The challenges posed by climate change on the agricultural market have become a pressing concern. An accurate reading of future agricultural commodity prices can be an invaluable planning instrument for diverse interested parties. Here, we explore asset pricing implications of climate risk for the agricultural commodity market from January 2005 to December 2021. Through introducing a composite climate risk index based on the four individual climate risk measures of Faccini et al. (2023), our findings provide valuable insights into the time-series predictability of aggregate climate risk on future agricultural commodity returns, both in- and out-of-sample. This powerful predictability conveys substantial economic benefits to mean–variance investors and cannot be subsumed by conventional economic predictor variables. The evidence further suggests that physical risk, especially global warming, exhibits much stronger return predictability than transition risk. Moreover, we emphasize the pivotal role of climate risk in shaping supply dynamics and capturing investor attention, thereby serving as potential drivers of return predictability. Overall, these predictive insights hold important implications for risk management, investment strategies, and policy formulation in the agricultural commodity market.

The Importance of Internal Control in Accounting Information Systems

The objective of this article is to examine the significance of internal control in an accounting information system. An accounting information system serves as a framework for conducting accounting operations within an organization. A structured accounting information system is the result of the interaction between individuals, instruments, and methods. In the creation of financial reports, accounting information must be guaranteed to be free of errors and fraud, regardless of whether it was intentionally or inadvertently committed. This article employs a descriptive methodology, with library data serving as some of the data sources. The article's conclusion is that financial reports are a method of accountability from management to interested parties. Consequently, the reports that are generated must be of the highest quality and devoid of errors. Internal control is a manifestation of management's endeavor to achieve this objective by utilizing five control elements: control activities, control environment, risk assessment, information and communication, and supervision.

Дефиниция понятия баланса интересов кредиторов и должника в деле о несостоятельности (банкротстве)

The work is devoted to the definition of the concept of balance of interests of creditors and debtor in bankruptcy proceedings. It is necessary to determine the definition of the balance of interests of creditors and the debtor in a bankruptcy case, taking into account the importance of this balance regarding constitutional and civil principles, and the prevention of abuse of law. It is determined that the balance of interests of the persons involved in the case represents the proportionality of rights and obligations at the stage of bankruptcy established by law, which does not allow violating the rights and legitimate interests of the other party established by law. As a result of the conducted research, based on the opinion of scientists and the provisions of the Constitutional Court of the Russian Federation, the author proposed a concise definition of the concept of balancing the interests of creditors and the debtor in a bankruptcy case.

Sustainability of the Urban System Planning in Shu City, Kazakhstan: An Evaluation through Residents’ Perception

It is important to consider the local people’s evaluation in increasing the effectiveness of the sustainable planning process in urban system planning. In this work, the sustainability of urban system planning in Shu city of Kazakhstan is evaluated according to the defined dimensions, which play a key role in determining the population’s living standard, and the indicators of each dimension are compared. The data are obtained mainly through the household questionnaire survey, field observations, in depth interviews, and focus group discussion. In total, 832 representative respondents were surveyed with five-point Likert scale questions in this paper. The study used 42 indicators based on six dimensions: environmental, social, cultural, economic, religious/spiritual, and institutional dimensions. The results of this analysis show that the sustainability level of urban system planning in Shu city is at a low level in all six dimensions. The results of the indicator analysis show that the people of this region are generally not satisfied with the solution of some environmental, social, and economic problems in Shu city. At the same time, residents rated the indicators of institutional stability as better, on the contrary, they rated cultural and religious/spiritual indicators relatively high. As a result, we initially asserted that the sustainability of the urban system planning in Shu city is not satisfactory considering the existing possibilities. To eliminate this shortcoming, the authorities responsible for planning the urban system should jointly develop a project policy for sustainable development with all interested parties.

Statistics for the public good: What it means and why it matters

Official statistics are widely considered to be public goods, however this paper explores a higher aspiration: that they also serve the public good. To achieve this goal, and provide value to societies worldwide, there is a need for discussion around what it truly means for statistics to serve the public good. This paper shares initial perspectives on the matter from the United Kingdom Office for Statistics Regulation (OSR) before demonstrating how serving the public good fits with customer-centric perspectives on value, and calling for interested parties to join this discussion so that we may work together in service of statistics for a global good.

Link and Match Strategy Management in Building Graduate Competitiveness

This research aims to examine strategic management (Fred R David) link and match (Prosser & Quigley) in growing the competitiveness of graduates through strategy formulation, implementation, evaluation and control. A qualitative approach with a case study method was used in this research. Data collection was carried out through interviews, observation and documentation. Data analysis was conducted using the Miles and Huberman model and then tested through triangulation credibility, transferability, dependability and confirmability. The research results show that Vision and mission, external environmental analysis, future goals, implementation plans, and policies are part of the strategy formation process. The formulation of the link and match strategy involves all interested parties. Implement the link-and-match strategy by optimizing the formation of noble morals and character, increasing competence, optimizing cooperation, and forming entrepreneurship. Strategy evaluation and control are done through review, performance measurement and revision. The implications of this research provide new solutions for educational institutions, especially in increasing the competency of more competitive graduates.

DEVELOPMENT OF SOCIAL ENTREPRENEURSHIP IN UKRAINE

The article examines the theoretical, methodological and practical aspects of the development of social entrepreneurship in Ukraine in modern conditions. The main factors affecting the slow development of this sector have been identified and analyzed, including: lack of legislative regulation of the activities of social enterprises, insufficient awareness of the population about their activities, a small number of social enterprises and socio-economic instability of the national economy. Key external and internal factors contributing to the development of social entrepreneurship at the regional level were discussed, and recommendations aimed at improving the situation were substantiated, including the need to develop a national strategy for the development of social entrepreneurship. The authors justified the importance of applying a comprehensive approach to the development of social entrepreneurship and support at all levels to ensure the rapid development of social enterprises, which will contribute to solving social problems and improving the welfare of society. It was found that the development of social entrepreneurship in the regions of Ukraine is determined by a combination of external and internal factors, including informing the population, simplifying taxation, grant support, preferential lending, support from the authorities, staff training, production development and the search for new customers. It was determined that in order to ensure the effective development of social entrepreneurship in Ukraine, it is necessary to develop a national strategy that would ensure the coordination of efforts of all interested parties, as well as support regional initiatives, such as the creation of resource centers and the development of regional strategies. The role of social enterprises in the employment of vulnerable segments of the population, employment of youth, solving gender problems, and generating funds to finance the solution of social problems within the scope of their activities has been studied.

The social and emotional effects of bullying on learners in learning institutions in South Africa

Bullying is a significant concern for learners in South African educational institutions, and it requires immediate attention and intervention from interested parties, such as social workers. This form of violence is prevalent during the school years and involves aggressive behaviour towards victims. The phenomenon of bullying attracts local and global interest from social scientists, who use it as a term to describe its social and emotional effects. The concept is associated with mental health problems, a decline in school performance, school dropout, contemplation of suicide, suicide, and other complex social problems. Social workers are well-versed in the concept of bullying due to their involvement with the issue. The study utilized qualitative research, employing purposive sampling, and thematic analysis to analyze data from a sample of 21 social workers linked to schools. The research design employed was exploratory in nature. The study utilized face-to-face, semi-structured interviews as a means of data collection, with an interview guide serving as the instrument. Prior to collecting data, the researcher obtained permission from participants and sought their consent for audio-recording. Ethical considerations, such as informed consent, debriefing, beneficence, confidentiality, and avoiding harm, were closely followed. The study drew on two theoretical frameworks, namely the ecological and strength-based approaches. Keywork: Bullying, effects, emotional, learning, social, social workers.