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The analysis considers the use of Benford’s Law as a forensic tool to audit the quality of accounting information reported by banks in emerging market countries. History suggests that lack of financial standards and reporting transparency can ultimately lead to bank failures in these nations. We use the Benford Distribution to analyze the first digits of bank financial statement entries and show the value of accounting standards in producing information of high quality. Benford’s Law maintains that the first digits of an unconstrained, large array of numbers might follow a lognormal pattern. It can be applied, for example, to financial statements issued by banks to infer their data integrity. To illustrate the importance of accounting standards and reporting transparency, the analysis utilizes Russian bank statement data from 2001 to 2011. The main finding is that accounting standards matter. After the Russian Central Bank required all banks to adopt International Financial Reporting Standards in 2004, the financial statement data largely conformed to Benford’s Law. While the Benford distribution can be used to infer the overall quality of bank financial statement data in emerging market countries, it is less effective in spotting troubled banks that commit reporting fraud. One possible reason is that the Benford distribution is scale invariant, and violation of Benford’s Law is a sufficient but not necessary condition for accounting irregularities.

Strategic decision making, strategic alternatives.

This case is suitable for undergraduate and postgraduate business and management, MBA programs; the case could be used in strategic management, strategic analysis methods, change management courses.

This case illustrates how Storm, a small innovation company located in the city of Novosibirsk, Russia, tackled the problem of future development. The company was set up in 1992 by young scientists to produce equipment for automatic process control systems in power engineering. All the engineering solutions were based on the developments of the company's founders. Currently Storm is the regional leader in creating engineering complexes for power generating companies. However, because of the drastic changes in the business environment and increased market competition, the company faced the challenge of further development. The company's management and owners saw the further development prospects and risks differently. Three strategic alternatives are available and the company is required to choose one of them, substantiating the choice made.

After completing the case study assignment, learners should be able to: state the strategic problems of small business development; identify the challenges of the external environment for company development; apply the tools of strategic analysis for evaluation of the company's market position; analyze the company's internal strengths and weaknesses; and elaborate and evaluate strategic alternatives for the company's growth.

Teaching notes are available – consult your librarian for access.

Each special collection starts out as a core assemblage of books. As the collection's size increases, its quality (it is assumed) does as well. If a library is lucky, it will have a bibliographer in charge of such a collection: someone knowledgeable of the ins and outs of his or her discipline; someone who keeps “current with a discipline's investigations and monitor[s] its evolutions.” In reality, however, the person in charge of developing a particular collection often may not have a good scholarly foundation in the subject, particularly in a public library, where there is less of a tradition of hiring subject specialists as bibliographers than there is in academic libraries. Once a collection has grown considerably in size and scope, and has benefitted from the tastes and choices of a number of bibliographers of varying backgrounds and qualifications, it becomes necessary to assess the quality of the collection. One practical way to evaluate and build a collection, which can be used by those who do not possess a thorough scholarly foundation in the subject in which they collect, is outlined below.

This paper aims to evaluate whether promoter holding influences a bank’s liquidity in India’s leading emerging market. Furthermore, it also evaluates the moderating role of risk-weighted assets (RWA) on the relationship between promoter holding and liquidity.

The data consists of 24 banks for the period of 12 years from 2010 to 2021. Static panel data is used to analyze the relationship between the liquidity coverage ratio (LCR) as the dependent variable, the promoter used as an explanatory variable and RWA used as a moderating variable in this study.

This study concludes that an increase in promoter holding helps to improve the liquidity of Indian banks. Moreover, it also shows that using RWA as a moderating term enhances the relationship between promoter holdings and Indian banks’ liquidity.

This study evaluated the impact of promoter ownership solely on the LCR, a statistic used to measure the short-term liquidity of banks in the Indian setting. Additional corporate governance factors, such as the makeup of the board of directors, relevant ownership concentration factors and external factors with the potential to affect the liquidity position of banks, could potentially be the subject of future investigations.

This paper has both managerial and policy-level implications. It shows that it is advantageous for banks’ ownership composition to include more enormous promoter holdings to enhance banks’ liquidity. Policymakers can, thus, formulate policies to encourage banks to have more extensive promoter holdings.

The impact of promoter ownership on bank liquidity has not been evaluated in earlier research projects. Furthermore, the use of RWA as a moderating variable to determine this link has not been fully investigated, particularly in the context of a developing country like India.

This study aims to examine the effect of ownership structure on financial performance of commercial banks in Kenya.

The data were collected from audited financial statements of 39 commercial banks in Kenya for the period 2009–2020.

Regression results found evidence of ownership structure explaining commercial banks’ financial performance. The results found a negative association between state ownership and net interest margin, a negative association between management ownership and net interest margin and a negative association between institutional ownership and return on assets.

Based on the findings, commercial bank management should therefore devise ownership structure policies that are geared toward boosting their financial performance both in the short run and the long run. Second, this study recommends a minority shareholding of the state in commercial banks to deter political interference, protect investors’ wealth from erosion and allow the majority shareholders to adopt a strong corporate governance mechanism for higher financial performance. Banks with a high percentage of state ownership should consider partial privatization to improve corporate governance practices. Third, banks should adopt a managerial ownership policy limiting the proportion of equity stock held by executives to limit their powers in strategic decision-making. Fourth, this study proposes a percentage limit on the equity stock of an institutional investor to eliminate bureaucracy in strategic decision-making and protect investors’ wealth.

The study finding is meant to inform regulation and operation policies in the banking sector and contribute to the literature on ownership structure, especially in the banking sector.

The conditions that domain analysis becomes an academic school of information science (IS) are mature. Domain analysis is one of the most important foundations of IS. The purpose of this paper is to analyze and discuss metatheoretical and theoretical issues in the domain analytic paradigm in IS.

This paper conducts a systematic review of representative publications of domain analysis. The analysis considered degree theses, journal articles, book chapters, conference papers and other materials.

Domain analysis maintains that community is the new focus of IS research. Although domain analysis centers on the domain and community, theoretical concerns on the social and individual dimensions of IS are inherent in it by its using sociology as its important approach and socio-cognitive viewpoint. For these reasons domain analysis can integrate social–community–individual levels of IS discipline as a whole. The role of subject knowledge in IS is discussed from the perspective of domain analysis. Realistic pragmatism that forms the philosophical foundation of domain analysis is argued and the implications of these theories to IS are presented.

The intellectual evolving landscape of domain analysis during a quarter century is comprehensively reviewed. Over the past twenty-five years, domain analysis has established its academic status in the international IS circle. Being an important metatheory, paradigm and methodology, domain analysis becomes the theoretical foundation of IS research. This paper assesses the current state of domain analysis and shows the contributions of domain analysis to IS. It also aims to inspire further exploration.

Anticipating behaviour and responding to the needs of complexity and problematic issues requires modelling to facilitate analysis and diagnosis. Using arguments of anticipation as an imperative for inquiry, the purpose of this paper is to introduce generic modelling for living systems theory, and assigns the number of generic constructs to orders of simplex modelling. An nth simplex order rests in an nth order simplex cybernetic space. A general modelling theory of higher orders of simplexity is given, where each higher order responds to every generic construct involved, the properties of which determining the rules of the complex system being that is represented. Higher orders of simplexity also explain greater degrees of complexity relatively simply, and give rise to the development of new paradigms that are better able to explain perceived complex phenomena.

This is Part 3 of three linked papers. Using principles that arise from Schwarz’s living systems set within a framework provided by cultural agency theory, and with a rationale provided by Rosen’s and Dubois’ concepts of anticipation, the papers develop a general modelling theory of simplex orders. They show that with the development of new higher orders, paradigm shifts can occur that become responsible for new ways of seeing and resolving stubborn problematic issues. Part 1 established the fundamentals for a theory of modelling associated with cybernetic orders. Using this, in this Part 2 the authors established the principles of cybernetic orders using simplex modelling. This included a general theory of generic modelling. In this Part 3 the authors extend this, developing a fourth order simplex model, and exploring the potential for higher orders using recursive techniques through cultural agency theory. The authors also explore various forms of emergence.

Cultural agency theory can be used to generate higher simplex through principles of recursion, and hence to create a potential for the generation of families of new paradigms. The idea of conceptual emergence is also tied to the rise of new paradigms.

The use of higher order simplex models to represent complex situations provides the ability to condense explanation concerning the development of particular system behaviours, and hence simplify the way in which the authors analyse, diagnose and anticipate behaviour in complex situations. Illustration is also given showing how the theory can explain the emergence of new paradigms.

Cultural agency can be used to structure problem issues that may otherwise be problematic, within both a top-down and bottom-up approach. It may also be used to assist in establishing behavioural anticipation given an appropriate modelling approach. It may also be used to improve and compress explanation of complex situations.

A new theory of simplex orders arises from the new concept of generic modelling, illustrating cybernetic order. This permits the possibility of improved analysis and diagnosis of problematic situations belonging to complex situations through the use of higher order simplex models, and facilitates improvement in behavioural anticipation.

The historian can provide quite a different explanation, other than the currently held views, for the emergence of the Red Terror in 1918.