Blockchain Technologically Driven Innovation at the Gulf Cooperation Council Countries

Alabbasi, Yousef; Sandhu, Kamaljeet

doi:10.4018/978-1-7998-5351-0.ch066

Cited by 3 publications

(2 citation statements)

References 34 publications

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“…Fourth, technology innovation in IT industries has raised since the GCC countries launched the blockchain technology as a means of raising the technology awareness and acceptance of its population. Various emerging technologies platforms have been planned or launched including data science, artificial intelligence hubs, and cloud computing as the main drivers of financial and banking industries and investment activities in the GCC region (Alabbasi & Sandhu, 2021;Ashfaq & Ayub, 2021;Waheed et al, 2021). These key technological changes are targeted to enhance business environment in GCC countries, improve information and accounting quality and contribute to the economic diversification and private sector participation.…”

Section: Overview Of the Economic Growth And Technology In Gcc Countriesmentioning

confidence: 99%

IFRS innovation, governance practices and firm performance: A new empirical assessment of moderating effects across GCC region

Alruwaili,

Ahmed,

Joshi

2023

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Research background: Despite the large volume of research which has been conducted, the association between corporate governance mechanisms and firm performance remains a controversial issue, particularly with the growth of accounting settings around the world. Purpose of the article: This study assesses the moderating role of International Financial Reporting Standards (IFRS) on the association between corporate governance mechanisms and firm performance in selected Gulf Cooperation Council (GCC) country-listed firms, namely Saudi Arabia, Qatar, Bahrain, and United Arab Emirates over the period 2016–2019. Methods: Importantly, we examine the direct and indirect influences of royal family members on long-term firm performance. We attempt to answer our research questions using robust estimation methods such as pooled OLS, fixed effect, random effect and first difference models. Findings & value added: The outcome reveals a significant and positive impact of firm size and board size on the firm performance in the pooled sample, while there is a significantly negative influence of financial leverage on firm performance. The impact of RFP on FP is seen to be negative and significant while the interaction term is found to be positive and statistically significant. This notably refers to the possibility that royal family directors could play an essential role in influencing the executive management team to fully react to provide extensive voluntary disclosure and comply with IFRS adoption. Our simultaneous quantile regression analysis displays the influence of corporate governance mechanisms on firm performance in various stages. While we observe that IFRS transformation has improved information comparability, policy makes in GCC countries should continue to foster conducive environment to support innovative business practices that help diversify their economies.

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Section: Overview Of the Economic Growth And Technology In Gcc Countriesmentioning

confidence: 99%

IFRS innovation, governance practices and firm performance: A new empirical assessment of moderating effects across GCC region

Alruwaili,

Ahmed,

Joshi

2023

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“…In the Gulf, the adoption of blockchain technology has been significant, particularly in the United Arab Emirates. A study by Alabbasi and Sandhu (2021) [1] points out that the integration of blockchain technology in the region presents a chance to maximize these countries' growth by eradicating the monetary threats in the banking sector. Moreover, in Saudi Arabia, integrating blockchain technology in the country's healthcare sector in managing diabetes patients has yielded significant corroborative [16].…”

Section: Blockchain Technology In the Gulfmentioning

confidence: 99%

Framework Model to Enhance the Effectiveness of Blockchain Technology through the Knowledge Management Processes

AlBadri

2022

Teh. glas. (Online)

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This study topic is essential since it highlights the challenges facing the effective integration of blockchain technology and the necessary measures to improve their performance through knowledge management processes. The primary aim of this study was to develop a framework model for advancing the effectiveness of blockchain technology in the Middle East and the Gulf region. For this study, the researchers collected secondary data by conducting a deep systematic review of all the information found online on the topic. The researchers selected essential studies by integrating an inclusion and exclusion criteria. This research exclusively included articles released post-2019 to guarantee that they contained relevant information. In addition, studies had to be in English to ensure clarity for all the researchers involved. The authors collected the secondary data through the GovInfo.gov database as well as the Google Scholar search engine. After the comprehensive reviewing of all the relevant articles that fit the inclusion and exclusion criteria, fifteen articles were included in the research. Out of the fifteen, eight focused on the Middle East and the rest on the Gulf. Conclusion: The development of blockchain technology in the Middle East and the Gulf region has witnessed tremendous improvements over the years. Many sectors like healthcare and banking industries have dedicated efforts to applying the technology in their processes. However, the technology has faced numerous challenges that need immediate address to ensure the ultimate success of this technology. The concerned policymakers should research on the topic and develop appropriate policies that guarantee the effectiveness of the technology.

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Management Information Systems Enhance Corporate Sustainability

Seyadi¹,

AlZayani²,

Salem³

et al. 2022

Artificial Intelligence for Sustainable Finance and Sustainable Technology

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Blockchain Technologically Driven Innovation at the Gulf Cooperation Council Countries

Cited by 3 publications

References 34 publications

IFRS innovation, governance practices and firm performance: A new empirical assessment of moderating effects across GCC region

IFRS innovation, governance practices and firm performance: A new empirical assessment of moderating effects across GCC region

Framework Model to Enhance the Effectiveness of Blockchain Technology through the Knowledge Management Processes

Management Information Systems Enhance Corporate Sustainability

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