Regulatory Conditions Research Articles

Determinants of voluntary IFRS application: Evidence from listed firms in Vietnam

Manuscript type: Research paper. Research aims: This study aims to explore the determinants of voluntary IFRS application in listed firms in Vietnam. Design/methodology/approach: Analyzing data from 552 public companies listed on the Ho Chi Minh Stock Exchange and Ha Noi Stock Exchange during 2019–2022, this study employs a logistic model with robust analysis. Research findings: The findings indicate that voluntary IFRS application is positively associated with firm size, leverage, internationalization, corporate efficiency, state ownership, and foreign ownership. Particularly, internationalization has the most significant impact on voluntary IFRS application. Theoretical contribution/originality: These findings of this study align with positive accounting theory, which proposes how factors affect voluntary IFRS application. Practitioner/policy implications: Policymakers should consider these findings when developing or revising policies concerning voluntary IFRS application, particularly for state-owned and foreign-owned companies. Research limitation: This study spans from 2019 to 2022, during which economic and regulatory conditions may have fluctuated, potentially impacting the results. Moreover, the data on voluntary IFRS adoption were collected through surveys, which may be subject to respondent bias and dependent on participants’ understanding and willingness to provide accurate information.

Artificial Intelligence: the Application Cannot be Regulated

Artificial intelligence is currently widely used by participants in both the Russian market and the global economy. The potential for its further application is significant. At the same time, the widespread use of artificial intelligence in various sectors of the economy, especially in the financial sector, creates not only opportunities, but also carries certain risks, threats and challenges. It seems necessary, on the one hand, to create regulatory conditions for the development of AI technology, and on the other hand, to identify areas for improving the legal regulation of artificial intelligence, allowing for a reasonable balance of interests of consumers, business, and the state and eliminate existing legal uncertainty.

A Comparative Analysis of Ethnic Networks and Internationalization of Latin American Agri-SMEs: The Case of Argentina, Brazil, and Chile

This paper investigates the key drivers influencing the internationalization of agricultural small and medium-sized enterprises (agri-SMEs) in Latin America, with a particular emphasis on the role of social and ethnic networks. Focusing on Argentina, Brazil, and Chile—three of the region’s largest agricultural economies—this study examines how familial and cultural connections between descendants of European immigrants and European entrepreneurs facilitate the global expansion of agri-SMEs. Using a cross-sectional quantitative analysis, data from agri-SME managers reveal the importance of these networks in reducing market entry barriers by providing insider knowledge of foreign markets, regulatory conditions, and potential business partnerships. The findings demonstrate that ethnic networks significantly reduce market entry barriers, providing Latin American agri-SMEs access to essential insider knowledge on foreign markets and local regulations, thereby facilitating internationalization. Additionally, agri-SMEs that leverage these networks are better positioned to meet growing global demands for sustainable, traceable food products, gaining a competitive advantage in international markets. The strength and frequency of interactions within ethnic networks are positively correlated with the degree of internationalization, highlighting the importance of social capital in overcoming operational challenges. This paper contributes to the literature by highlighting the underexplored role of ethnic networks in shaping the international marketing strategies of agricultural firms and their capacity to adapt to evolving consumer behaviors. The study offers practical insights for supporting the global integration of agri-SMEs in Latin America, addressing both operational challenges and the increasing need for sustainable food production practices.

What makes proactive behaviors at work effective? Perspectives of health care executives.

Proactive behaviors at work refer to behaviors that are self-starting, future focused, and change oriented. Proactive behaviors are generally thought of as positive and desired and can benefit both the employee (e.g., job promotion) and organization (e.g., innovation). These behaviors can, however, backfire (e.g., due to unintended consequences), reflecting the "initiative paradox." The aim of this study was to investigate, through the perspectives of health care executives, how employees can be more effective when engaging in proactive behaviors. We used the episodic narrative interview method. Health care executives narrated instances of perceived effective and ineffective proactive behaviors among employees. We then performed an inductive qualitative analysis of these episodes to identify emerging themes and dimensions. The effectiveness of proactive behaviors among health care employees is shaped by three dimensions: managerial expectation (in)congruence (e.g., knowledge of expectations, engagement with chain of command), organizational priority (in)congruence (e.g., degree of alignment between individual and organizational benefits), and boundaries of action and change (e.g., nonadherence to regulatory or financial conditions). Among the dimensions, managerial expectations may be the most challenging for employees to navigate. Engaging in proactive behaviors is not a straightforward process. Navigating multiple dimensions is necessary for health care employees to be effective. Employees should be equipped with knowledge on relevant expectations, priorities, and boundaries when engaging in proactive behaviors at work. Health care leaders and managers should aim to clarify and periodically reassess these dimensions to facilitate effective proactive behaviors and to generate benefits for employees and the organization.

AUDIT OF THE EFFECTIVENESS OF THE IMPLEMENTATION OF TERRITORIAL DEVELOPMENT PLANS

The article focuses on the disparities between regions that slow down economic growth. The article emphasizes that, despite the state creating regulatory and legal conditions to eliminate uneven development, practice shows the ineffectiveness of current approaches in achieving the goals of eliminating regional differences. In this regard, there is a need to modernize policies based on new principles and approaches, especially at the regional level, in order to cope with existing challenges. The main goal of the study is to develop proposals for improving mechanisms for the implementation of territorial programs that could contribute to a more balanced and effective development of all regions. The study uses various methodologies, including clarification and abstraction to define key terms, retrospective analysis to study historical data, comparative analysis to evaluate implementation of programs, a descriptive method for studying international and local experience, as well as documentary analysis for the development of regulations. At the same time, statistical methods are used to systematize data and scientific analysis to study the relationships between different levels of planning. Moreover, the article notes the need to improve performance assessment as a tool for optimizing and adjusting programs and plans for territorial development, methods and approaches to conducting audits, based on the analysis of current strategic documents and statistical data. It is recommended to improve the planning and development of territorial programs through economic diversification, increasing tax potential, the level of human capital and reducing bureaucratic processes. Special attention is paid to optimizing the selection of indicators for a more accurate and timely presentation of results. These proposals are aimed at creating a more balanced and targeted approach to regional development, ensuring more efficient use of resources and improving the quality of life of the population.

Sufficiency in European Climate Policies, four country NECPs analysed

Backgrounds Sufficiency, a concept acknowledged by the International Panel of Climate Change (IPCC), is often not included in climate-mitigation strategies. Its elements are, however, well known in different policy areas. Thus, there are good reasons to elevate sufficiency to a central element of national and international sustainability strategies. Methods This article, through the lens of the FULFILL project, aims to elucidate sufficiency and evaluate its integration into climate strategies via the National Energy and Climate Plans (NECPs) of four European countries: Denmark, France, Germany, and Italy. This shall offer insights into the current status of sufficiency policies and identify the best practices and areas for improvement. The analysis is based on the studies of sufficiency policies, identifying specific sufficiency measures. This leads to the development of a comprehensive overview and comparative analysis of how the four analysed countries incorporate sufficiency within their NECPs and to proposals for additional national sufficiency policies. The analysis focuses on policies that regulate social, infrastructural, and regulatory conditions that influence individual and collective behaviours. Results The article presents a clear and comprehensive analysis of the current tole of sufficiency policies in NECPs and their unused potential. Sufficiency policies are introduced in the countries analysed, but far from their potential to mitigate climate change. It also shows that existing sufficiency policies are primarily aiming at changing consumption and not to reduce consumption, such as reduced transport, reduced size of buildings. Another result is that some sufficiency policies are only introduced on local level by municipalities. Conclusion The conclusion is that some sufficiency policies are already integrated in national climate policies but their potentials are far from exhausted while other policies are hardly used, in particular policies to reduce consumption. This gives a large potential to increase sufficiency measures to strengthen climate policies and actions.

Drivers of housing developers’ perception on future construction reuse material premium for wood

The construction sector has significant environmental footprints due to its extensive con-sumption of resources, greenhouse gas emissions, and waste generation. Strategies like ex-panding the reuse of construction materials may contribute towards the sector's environmen-tal objectives. Enhancing the reuse of wood, a material associated with low environmental impacts, may further improve the sector's environmental outcomes. However, at this point, reuse of wood materials is marginal. Understanding the willingness of market agents to embark on such use will aid in policy and market development. This study examines the behavioral and institutional factors that affect the premium of housing developers for the use of reused wood materials in the construction of future residential and leisure buildings. It is based on a novel concept known as the construction reuse material premium (CRP). A conceptual model is developed from a comprehensive theoretical framework based on both theory of planned behavior and institutional theory. Data were collected through a cross-sectional survey in fall 2022, targeting Norwegian housing development companies. Survey data were analyzed using partial least squares structural equation modeling (PLS-SEM). The findings reveal that housing developers' attitudes, regulatory and market conditions, and company size negatively influence expected CRP, suggesting developers foresee a greater shift in their willingness to accept costs for reused materials compared to consumer willingness to pay. In contrast, stakeholder influence and positive subjective norms toward reuse are associated with a more favorable market outlook for buildings using reused materials.

Development of a coupled agent-based generation expansion planning tool with a power dispatch model

Power companies need to adapt their generation expansion planning in response to changing market, climate and regulatory conditions as global warming, electrification, and technology breakthroughs continue. To fortify energy system resilience, it is critical to understand the collective effects of their autonomous decisions on power systems operations and reliability. To this end, we developed an integrated framework, an agent-based model (ABM) coupled with a power dispatch model (PDM) (referred to as ABM-PDM), tested on the Texas 123-bus transmission system in the Electric Reliability Council of Texas (ERCOT) region. Agents (power generation companies) can invest in natural gas, solar, and wind technologies to maximize profits from 2021 to 2050, using market information from the PDM based on their capital budget and perceived costs, financial incentives for renewable energy, and climate risks. We applied ABM-PDM to assess how power companies respond to future technological advancements and climate change. After demonstrating model credibility, we explored 25 combinations of cost and capacity factors reflecting a variety of technological evolution trajectories. Results indicated that to replace wind over solar for replacing existing fossil-fuel power plants due to lower costs and higher capacity factors. Additionally, as more agents invest, the energy market becomes more competitive, and system-wide electricity prices drop. We also analyzed the impacts of temperature increases on investments using seven projections, from 0 to 6 °C, during the modeling period. The results showed that as temperatures rise, agents invest more to accommodate the increasing loads. ABM-PDM incorporates risk attitude and learning into companies’ decision-making, providing additional information on generation expansion for the non-optimal future of power systems.

The State of Public-Private Partnerships in Times of Global Economic Disruption

Growth in large private business enterprises in the 20th century established an environment that enabled a competitive relationship through Public-Private Partnerships (PPP) with the public sector, which historically suffered from inefficiencies and an over-reliance on projects and services, especially in emerging economies. PPPs can positively impact public safety, quality of life, new economic opportunities, poverty reduction, and benefit from long-term private capital and outside expertise. However, PPP investment is sensitive to critical factors such as: the macroeconomic environment, institutional and regulatory conditions, market size, rule of law, and enforceable contracts, among others. Thus, managing PPP projects is a very complex task, due to its multidisciplinary characteristics and the involvement of multiple stakeholders. In times of global economic disruption, this task becomes even more challenging. This study presents threats and opportunities for the execution of PPPs in times of global crises and their relationship with globalization trends.

Role of green finance in regional heterogeneous green innovation: Evidence from China

Green finance plays a critical role in promoting regional green innovation. However, the precise influence of green finance on diverse facets of green innovation remains underexplored. This study empirically analyses the diverse effects of green finance on heterogeneous green innovation by applying the negative binomial model, the threshold model, andthe spatial error model using China’s regional data from 2010 to 2019. The results indicate that green finance has a positive impact on regional green innovation performance, primarily through significant contributions to fossil energy carbon reduction, energy conservation and recovery, and clean energy technology innovation. The effect of green finance is also influenced by the level of local environmental supervision, exhibiting a significant threshold effect. In addition, the development of green innovation in the region can have a siphoning effect on the resources of surrounding areas, hindering their innovation development. These findings highlight the necessity for strategic government policy-making, which should leverage the diverse impacts of green finance on various forms of green innovation. Customizing green financial instruments to suit regional environmental regulatory conditions and the green innovation levels of neighboring regions could significantly aid in promoting regional green transformation and growth.

Premarket and postmarket regulatory challenges for mechanical ventilators: scenario in Brazil and comparison with other countries

BackgroundThis study critically assesses the regulatory challenges faced in Brazil for mechanical ventilators amid the COVID-19 pandemic. It evaluates the effectiveness of expedited regulatory actions, compares strategies with other countries, and proposes future optimization in emergency conditions. Methods: Premarket submissions of mechanical ventilators were surveyed, involving accompanying certification documentation, rejections, approvals, and cancellations. Postmarket occurrences were surveyed until June 2023, evaluating their incidence and presence of certifications. Regulatory pathways in other countries were reviewed for comparison. Results: Brazil’s regulatory strategy increased its ventilator supply capacity 17 times in 10 months. However, the absence of essential certifications in 95.52% of the premarket submissions, such as the Certificate of Conformity issued by the Brazilian Conformity Assessment System (CC-SBAC), raised safety and performance concerns. Among temporarily approved ventilators, the main cause of cancellation (76.92%) was the absence of certifications after the temporal approval, notwithstanding the already installed devices maintaining authorization for use in health services. Postmarket alerts lacked CC-SBAC issuance in 75% of the cases when sponsors reported the occurrences. It highlighted the importance of ongoing technical assistance and monitoring, particularly for devices lacking proper certifications. Conclusions: The extraordinary regulatory conditions in Brazil significantly impacted ventilator premarket evaluation. However, lacking essential certifications led to post-approval cancellations. Postmarket occurrences emphasized necessary vigilance, with most alerts involving uncertified devices. Improved premarket evaluation, considering component shortages and real-world usage scenarios, as collaborative efforts from other countries and international bodies, is crucial for ensuring the safety and effectiveness of ventilators in public health emergencies.

Effects of direction cue time and walking speed on spatial-temporal gait adaptations in healthy older and young adults upon approach of turns

Background:Hurrying and turning are each associated with falls in older adults. Losing balance sideways when turning increases the likelihood of hip fracture. Yet 99 % of failures when turning unexpectedly have been traced to an inability to curb forward momentum regardless of age. Research questionDo age-based differences exist in spatial-temporal gait adaptations related to medial-lateral (M-L) balance and posterior-anterior (P-A) propulsion upon approach of turns relative to continuing straight, across walking speeds and whether direction is known in advance? MethodsHealthy young (n=10) and older adults (n = 10) walked at preferred and fast test speeds while randomly cued for direction either early upon initiating gait or late 1–2 steps before entering a spatially defined turning area. An instrumented 4.6 m carpet recorded spatial-temporal changes up to the penultimate footfall prior to turning 900 or continuing straight. ResultsWhen approaching the turning zone across interactions of walking test speed, cue time and direction, other than stride-length being shorter in older adults, both age-groups showed similar adjustments in gait speed and stride-length in managing P-A deceleration perturbations, and similar adaptations in right and left heel-to-heel base of support (BOS) in managing M-L balance destabilizing forces. A three-way interaction (p<.027) suggests a similar foot strategy of BOS narrowing may be used approaching turns relative to straight walks when direction is cued early walking fast (p<.020) and late walking preferred speed (p<.014). SignificanceThe findings were interpreted within the context of regulating center of mass acceleration and processing environmental regulatory conditions to maintain a personal space safety margin. The study supports that in otherwise healthy older adults, gait training for turns include practice to not only manage perturbations which accelerate the body sideways but also those which decelerate forward progression.

An Analysis of Computed Tomography Diagnostic Reference Levels in India Compared to Other Countries.

Computed Tomography (CT) is vital for diagnosing and monitoring medical conditions. However, increased usage raises concerns about patient radiation exposure. Diagnostic Reference Levels (DRLs) aim to minimize radiation doses in CT imaging. This study examines CT DRLs in India compared to other countries to identify optimization opportunities. A literature review was conducted to gather data from published studies, guidelines, and regulatory authorities. Findings show significant international variations in CT DRLs, with differences up to 50%. In India, DRLs also vary significantly across states. For head CT exams, Indian DRLs are generally 20-30% lower than international standards (27-47 mGy vs. 60 mGy). Conversely, for abdominal CT scans, Indian DRLs are 10-15% higher (12-16 mGy vs. 13 mGy). Factors influencing DRL variations include equipment differences, imaging protocols, patient demographics, and regulatory conditions. Dose-optimization techniques like automatic exposure control and iterative reconstruction can reduce radiation exposure by 25-60% while maintaining image quality. Comparative data highlight best practices, such as the United Kingdom's 30% reduction in CT doses from 1984 to 1995 via DRL implementation. This study suggests that adopting similar practices in India could reduce radiation doses by 20-40% for common CT procedures, promoting responsible CT usage and minimizing patient exposure.

Hemp-based psychoactive use and risk among young adults: Trend theory, policy, and regulation beyond legality

BackgroundHemp-based psychoactives comprise a burgeoning legal substance market with rising trends in use across the U.S. and Canada as well as parts of Europe. Currently, scant empirical research on the use of these Novel Psychoactive Substances (NPS) exists. By examining policy, market conditions, consumer uptake, and related risks, this research extends theory on drug trends by describing the regulatory environments that shape the emergence and popularity of psychoactive hemp-based products among young adults. MethodsRelying on ethnographic fieldwork of hemp-based markets across 3 U.S. state hemp and cannabis policy contexts as well as in-depth interviews with 40 young adult cannabis consumers recruited across 10 U.S. states, we examined how regulatory conditions shape hemp-based psychoactive markets, trends in their use, and associated risks. ResultsYoung adults are motivated to consume hemp-based psychoactives due to the regulatory and market environments that facilitate the production of highly potent products that are inexpensive and easily accessible. States that regulate hemp-based psychoactives as cannabis, do not provide hemp markets with a competitive advantage and as such see minimal uptake. In the absence of hemp specific policies, substantial variations in product potencies, insufficient dosing information, and unscrupulous product packaging practices may increase related risks. ConclusionTrend theory provides insight into the complex relationships that exist between drug policy, markets, and the proliferation of legal highs. Understanding the contextual significance that both market and regulatory conditions have on legal drug production, distribution, and consumption may better inform approaches to reduce the risks commonly associated with novel psychoactive substances like hemp-based psychoactives.

Oil exporters and the challenges ahead: the role of NOCs in energy transitions

Abstract While constructing pathways to achieving energy transitions is challenging to all global community members, this challenge is even greater for oil-exporting countries. Oil-exporting countries and their national oil companies (NOCs) are key players in the energy transitions. These actors’ existing capacities (financial, technical, human) must be leveraged to accelerate decarbonization processes that are scaled and globally deployed. Energy transition roadmaps must embrace all relevant actors, including oil companies, as stakeholders that can significantly contribute to the acceleration of energy transitions across the globe. This situation must be reflected in outlooks and assessments of energy transitions. This article studies the regulatory conditions and interventions that have made the evolution of several NOCs possible as relevant actors in the 21st-century landscape, considering their activities in traditional energy sources, decarbonization solutions, and new energy sources. These NOCs vary with some having greater flexibility in shaping policies while others needing to comply with regulatory standards. All NOCs in this study, ADNOC, ARAMCO, and the NNPCL were entrusted with a degree of autonomy in addressing climate change, yet the larger margin of discretion ADNOC and ARAMCO corporations enjoyed has allowed them to excel in shaping and implementing these policies. The focus of this paper is on the role of soft law in this change, particularly ESG standards, as leading energy transition governance tools, which introduce accountability and environmental principles that guide the activity of these corporate actors beyond bear minimum requirements in laws and regulations.

Mobility of older people in public spaces from agender perspective

For older people, asufficient mobility offer is an essential prerequisite for participation in social life and abetter quality of life. The goal should be self-determined everyday mobility that enables asatisfying and healthy life. Mobility depends on diverse individual abilities and needs. On the other hand, social structures as well as regulatory and spatial framework conditions limit the realisation of mobility services and their transport infrastructure. These framework conditions are characterised by the perception of social roles, the availability of resources and gender-specific attributions. For example, care and caring work is predominantly the responsibility of women in the age group of 50years plus. The availability of transport infrastructure is geared towards goals that are characterised by the needs of gainful employment and not the goals of care work. Conversely, the availability of flexible means of transport, such as cars, also decreases for women in old age for economic reasons. For this reason, mobility planning should take greater account of specific needs, such as orientation towards care objectives, counselling, and health services and place agreater focus on the local area. For elderly people, especially women, security needs are often an important factor in the decision to become mobile or to forego mobility. This includes perceived subjective safety, accessibility and protection from weather conditions such as slippery surfaces or exposure to excessive heat. If these basic principles are taken into account, more people can be guaranteed self-determined participation in social life.

High‐Temperature Heat Pumps for Industrial Use

AbstractCompared to heat pumps established in the building sector, high‐temperature heat pumps (HTHPs) suitable for industrial use still face challenges, not only from a mechanical engineering point of view but also regarding integration into existing processes. They need to supply larger amounts of heat at higher temperatures. The mere replacement of a gas boiler by an HTHP will rarely deliver an energy‐efficient solution. Instead, these units must often be tailored to the application and vice versa, making specifications a complex task. This paper intends to link thermodynamic and economic basics of HTHPs to the process engineering of the actual production process. It also ventures an outlook on the economic and regulatory boundary conditions in the EU as corner stones for a sustainable investment decision.

The role of macro institutional factors in determining types of entrepreneurial start-ups: a longitudinal panel study

Purpose What shapes entrepreneurs’ intention to allocate entrepreneurial effort towards different types of entrepreneurial start-ups? Grounded in a “national business systems” approach, the purpose of this paper is to examine the impacts of institutional dimensions on Schumpeterian and Kirznerian entrepreneurship. Design/methodology/approach Drawing upon a global context comprising 82 countries over the period between 2007 and 2018, this research applies a dynamic panel modelling approach, namely, the dynamic panel generalised method of moments estimator. This estimator allows to account for unobserved country-specific heterogeneity and to address endogeneity constraints that might occur between institutions and entrepreneurship. Findings The findings reveal that there are positive relationships between financial capital and both Schumpeterian and Kirznerian entrepreneurship. Educational capital positively affects the allocation of entrepreneurial efforts towards opportunity-based entrepreneurial activities. Moreover, institutional regulatory conditions could hinder the allocation of entrepreneurs’ resources into a Schumpeterian while facilitating the allocation of resources into a Kirznerian type of venture. Finally, a higher level of corruption promotes innovative entrepreneurial activities (i.e. a Schumpeterian type of venture) and leads to constraints on Kirznerian entrepreneurship. Practical implications The research findings demonstrate the significance of the macro environment for enacting and implementing policies to reap the benefits of different types of start-ups. It suggests different political actions are needed to motivate highly qualified individuals to engage in Schumpeterian and Kirznerian entrepreneurship, rather than focusing purely on enhancing a country’s overall start-up rates. Originality/value By acknowledging the multidimensional nature of entrepreneurship, this research provides greater theoretical exposition and empirical support for the role played by macro-level institutions in determining types of entrepreneurship. It reveals the important role played by macro institutional conditions in influencing choices about different types of start-ups and gives rise to the multidimensional nature of entrepreneurship.

THE ROLE OF GOVERNMENT SUPPORT IN THE DEVELOPMENT OF THE CCS MARKET: EXPERIENCE OF COUNTRIES WITH A DEVELOPED OIL AND GAS INDUSTRY

The article examines the role of government support in the development of the Carbon Capture and Storage (CCS) Technology market in countries with a developed oil and gas industry. It is shown that the implementation of CCS in the oil and gas sector has significant economic and environmental importance, as it allows not only to reduce the large-scale greenhouse gas emissions of this industry but also to increase the oil recovery factor through the injection of captured CO2 into depleted reservoirs. An analysis of the cost chain of various stages of the CO2 capture, transportation, and storage process is carried out, and the most costly elements are identified. The economic aspects of using Carbon Capture, Use, and Storage (CCUS) Technology for enhanced oil recovery are considered, and the need for government subsidies to ensure the commercial attractiveness of such projects under low CO2 emission prices is justified. The global experience of using economic instruments (carbon taxation, tax incentives, grants) to stimulate CCS projects in various industrial sectors is investigated. Significant differences in the approaches of leading countries compared to Russia are revealed. Pilot initiatives of the largest Russian oil and gas companies for the implementation of CCS technologies are analyzed. Recommendations are formulated for the creation of favorable regulatory conditions and effective mechanisms of government stimulation for the widespread adoption of CCS in Russia, taking into account its specifics as a major hydrocarbon producer.

DATA WAREHOUSING IMPLEMENTATION IN HEDGE FUND ADMINISTRATION INDUSTRY

This research work tried to provide an outline specification for scope of implementation of data warehousing. This model is targeting industry as a whole and covering general system and data sets which are minimally required by each and every hedge fund administrator, however based on geographical location and changes in regulatory conditions, macroeconomic environment across the globe and software, networking and hardware technical advancements and security led to open doors for further study and research according changes in trends and scope as we discussed. Few areas identified can be classified as: Technical Scope, Financial and budgetary changes, Changes in regulatory process, Change in macroeconomic environments, Changes in accounting terms, Information Security. KEYWORDS: Data Warehousing, Hedge Funds, Extraction, Administration, Trading