• Title/Summary/Keyword: Emerging technology

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Simultaneous Equation Estimation in Finance and Corporate Financial Decision: Empirical Evidence from Pakistan Stock Exchange

  • AHMED, Wahab;KHAN, Hadi Hassan;RAUF, Abdul;ULHAQ, SM Nabeel;BANO, Safia;SARWAR, Bilal;HUDA, Shams ul;KHAN, Mirwaise;WALI, Ahmed;DURRANI, Maryam Najeeb
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.11-21
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    • 2021
  • In the last few years, there is growing interest in the field of simultaneous equation estimation in finance due to the endogeneity problem caused by measurement errors, simultaneity, or omitted variables. This study aims to discuss the endogeneity problem in corporate financing decisions and investigate the interrelationship of financial decision-making such as investment decision, dividend decision, and external financing decision in Pakistan Stock Exchange (PSX) using two-stage least squares (2SLS) and generalized method of moment (GMM) estimation. The Bruech-Pagan test shows that the data has no heteroskedasticity issue and 2SLS is a better approach in the context of this study as compared to the GMM approach, and internal instruments are also sufficiently strong and valid. The three financial decision-making attributes are not jointly determined, and the dividend is influenced by one-sided investment. In the emerging stock market context, external financing and investment are not inter-related and did not affect each other. The question of whether the simultaneous equation estimation can be useful in the context of the emerging stock markets and newly-growing firms remains unanswered. The inclusive evidence shows that the theoretical link in the emerging stock market is difficult to prove like in developed stock markets.

Quantitative Analysis of Gartner's "Hype Cycle for Emerging Technologies" (가트너 "부상하는 기술을 위한 Hype Cycle"의 정량적 분석)

  • Park, Yoo-hyun
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.22 no.8
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    • pp.1041-1048
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    • 2018
  • Gartner's Hype Cycle model is widely used to describe technology maturity, acceptability, and commercialization. In the Hype Cycle model, the techniques go through five stages, those are Innovation Trigger(first stage), stage Peak of Inflated Expectations(second stage), Trough of Disillusionment(third stage), Slope of Enlightenment(fourth stage) and Plateau of Productivity(fifth stage). In many studies, Hype Cycle is widely used as a basis for future prediction of technology, but the verification is somewhat lacking. In this paper, we analyzed the technologies that appeared in the Hype Cycle for the emerging technologies from 1995 to 2017. Through this, we found technologies that appeared as non first stage when first appearing, and techniques that showed a reversal of the maturity stage. In addition, we found that none of the technologies from 1995 to 2017 had gone through stages 1-5.

Systems Biology and Emerging Technologies Will Catalyze the Transition from Reactive Medicine to Predictive, Personalized, Preventive and Participatory (P4) Medicine

  • Galas, David J.;Hood, Leroy
    • Interdisciplinary Bio Central
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    • v.1 no.2
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    • pp.6.1-6.4
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    • 2009
  • We stand at the brink of a fundamental change in how medicine will be practiced. Over the next 5-20 years medicine will move from being largely reactive to being predictive, personalized, preventive and participatory (P4). Technology and new scientific strategies have always been the drivers of revolutions and this is certainly the case for P4 medicine, where a systems approach to disease, new and emerging technologies and powerful computational tools will open new windows for the investigation of disease. Systems approaches are driving the emergence of fascinating new technologies that will permit billions of measurements on each individual patient. The challenge for health information technology will be how to reduce this enormous amount of data to simple hypotheses about health and disease. We predict that emerging technologies, together with the systems approaches to diagnosis, therapy and prevention will lead to a down turn in the escalating costs of healthcare. In time we will be able to export P4 medicine to the developing world and it will become the foundation of global medicine. The "democratization" of healthcare will come from P4 medicine. Its first real emergence will require the unprecedented integration of biology, medicine, technology and computation. as well as societal issues of major importance: ethical, regulatory, public policy, economic, and others. In order to effectively move the P4 scientific agenda forward new strategic partnerships are now being created with the large-scale integration of complementary skills, technologies, computational tools, patient records and samples and analysis of societal issues. It is evident that the business plans of every sector of the healthcare industry will need to be entirely transformed over the next 10 years.and the extent to which this will be done by existing companies as opposed to newly created companies is a fascinating question.

Technology Standardization Efforts of Government for Emerging Industry: The Case of Cloud Computing in South Korea and US (신성장산업 활성화를 위한 국가 주도 기술 표준화 추진 방안 비교: 한국과 미국의 클라우드 컴퓨팅을 중심으로)

  • Kim, Hongbum;Shin, Jungwoo;Park, Kyung-Gook
    • Journal of Technology Innovation
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    • v.23 no.3
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    • pp.87-114
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    • 2015
  • There are many government-led efforts for exploiting new growth engine to survive in a globally competitive environment. as a representative strategy, technology standardization policy is promoted by many countries. Although each country has unique characteristics in facilitating technology standardization, we can recently observe different strategy from conventional way like in United States. Thus, this study examines government-led technology standardization for activating emerging industry. Using case analysis, cloud computing is analyzed in terms of standardization organization and process perspectives, and technology standardization efforts by government in United States and Korea are compared. According to case analysis, this study investigates changes of the government-led standardization strategies for each country and suggests implications for activating emerging industry using technology standardization policy.

Child-Care Teachers' Perceptions of the Emerging Technologies of the 4th Industrial Revolution (4차 산업혁명 최신기술에 대한 보육교사의 인식)

  • Lee, Hawon;Shin, Wonae;Cho, Hyekyung
    • The Journal of the Convergence on Culture Technology
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    • v.6 no.3
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    • pp.307-315
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    • 2020
  • In this study, we investigate child-care teachers' perceptions of emerging technologies, with a particular focus on fields connected to the Fourth Industrial Revolution. More specifically, we explore how satisfied child-care teachers are with existing educational tools, whether they are interested in or willing to use the latest technology within child care, and their perceived likelihood of adopting these new technologies within child care sites. A total of 181 directors and teachers working at child care institutions in Seoul and Gyeonggi Province participated in the survey. The findings are as follows: firstly, child-care teachers were moderately satisfied with current teaching methods and their effects; secondly, child-care teachers were not especially interested in emerging technologies; thirdly, although interest in applying the latest technology to child care sites was moderately high, refusal to use this technology was also somewhat high; fourthly, many agreed that this technology would eventually become common. This study is expected to provide useful information to those planning to introduce the latest technology to child care sites and basic data to improve teacher training.

A Study on Technology Prediction Matrix Module Promising ICT for the Creation of Economic Strengthening (창조경제력 강화를 위한 ICT유망기술 예측 Matrix Module 연구)

  • Woo, Chang-Hwa;Park, Dae-Woo
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2013.10a
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    • pp.156-159
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    • 2013
  • The ICT technology by using smartphone is leading the world. Apple opened the smart age with its smartphone on the first place in the world. In 2013, Samsung of Korea is spotlighted in the world, but China will run after Samsung with medium- and low-priced smartphones equipped with functionality and low and medium prices after 2014. That is, the life cycle of ICT technology gets shorter, and the volume of investment is increased. There is increasing uncertainty of enterprises and nations because the expanded volume of investment. Therefore, it is very important to predict emerging ICT technology, and investment development. Korea based on the creative economy is at the point of strengthening ICT. Therefore, this study aims to analyze intellectual property rights (patent) and the ICT market environment for the emerging ICT technology. The result of analysis will contribute to studying the intellectual property rights (patent) and the R&D matrix module in the ICT market environment for discovering and predicting national emerging ICT technology.

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Analysis of Issue and Commercialization opportunity of LED Fusion Industry using NEWS System

  • Roh, Hyun Sook;Choi, Yun Jeong;Lim, Dae-Hyun
    • Proceedings of the Korea Contents Association Conference
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    • 2014.06a
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    • pp.195-196
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    • 2014
  • This paper provides emerging technology issue and institutes of LED fusion industry based on the efficient quantitative analysis of a large amount of newspaper articles and papers for the decision-making of new business planning and core strategy. In addition, market opportunities and market entering strategies of main LED fusion industries are proposed. In the future, it is required to analyze and complement the quantitative analysis result by LED fusion industry experts and to build emerging issue database.

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