Digital Transformation of Government Procurement on the Level of State Governance

Niyazbekova, Shakizada U.; Kurmankulova, Roza; Anzorova, Svetlana; Tochieva, Lida; Yessymkhanova, Zeinegul

doi:10.1007/978-3-030-56433-9_69

Cited by 30 publications

(3 citation statements)

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“…Some jurisdictions are very attractive for ICO projects. Several countries have great potential for growth in this way of attracting funding but suffer from the lack of legal regulation (Niyazbekova et al 2021b). Thanks to the legislative changes that came into force in 2021 in many countries, investors have the opportunity to purchase tokens of cryptocurrencies and then sell them in their territories.…”

Section: Resultsmentioning

confidence: 99%

The Initial Coin Offering (ICO) Process: Regulation and Risks

Karpenko

Blokhina

Chebukhanova

2021

JRFM

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ICOs are very attractive for investors and issuers. ICOs allow funding raising in exchange for cryptographically secure tokens, which are a means of paying for future projects or services. However, there is insignificant regulation of this process all over the world. Some countries have banned crypto assets; others have allowed the free use of tokens but do not give them official status. In this paper, the authors present an overview of the legal regulation of ICOs in different countries, dividing them into three groups: in the first group are the countries with developed legal norms and rules for conducting ICO, they have the subsequent circulation of tokens on their territory; in the second group are the countries that are most friendly to ICOs; the third group of countries has a wait-and-see attitude. The author connect the insufficient law regulation and risks of ICOs in different countries. The types of ICO risks are divided into three main categories: financial, technical, and analytical. The main ways to reduce these risks, depending on their types, are highlighted in this study. They are connected with the improvement of the legal regulation of the publication of a White Paper, the KYC procedure, and the involvement of escrow agents.

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Section: Resultsmentioning

confidence: 99%

The Initial Coin Offering (ICO) Process: Regulation and Risks

Karpenko

Blokhina

Chebukhanova

2021

JRFM

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“…For the effective functioning of the stock market in the country, there must be a favorable macroeconomic situation. Moreover, it was revealed during the research that the higher the level of monetization, the greater the capitalization of the stock market (Financial Conduct Authority 2020; Kurmankulova et al 2021;Maisigova et al 2021;Moldashbayeva et al 2021;Patashkova et al 2021). The tax burden should be a sufficient amount of financial resources and incentives for investment to remain at the disposal of the business.…”

Section: Discussionmentioning

confidence: 99%

Methodological Foundations of the Risk of the Stock Markets of Developed and Developing Countries in the Conditions of the Crisis

Burkaltseva

Niyazbekova

Borsch

et al. 2021

JRFM

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The development of a methodology for the growth of the stock market through a deep transformation of the economic development system and introduction of digital technologies. The article is devoted to the study of the development of stock markets’ actual problems that affect the redistribution of capital between sectors of the economy by using tools and mechanisms between the financial and stock markets. The purpose of the study is to improve the regulatory segment of the stock market in order to further develop stock exchanges, integrate them into the global economic system, and attract investment in the economy. To achieve the goal, the following tasks were performed: the development of the London Stock Exchange was analyzed and the profit growth was determined; a comparative capitalization of the main stock instruments was carried out; internal factors of influence on the stock market were determined. The problem of the international stock market in all countries with emerging markets, first of all, lies in the improvement of the institutional environment, which is a prerequisite for the stability of the stock market. To analyze the development of stock markets, natural technical sciences were used to identify objective patterns, and determine the state and motives, using various methods and techniques: logic, generalizations, specific methods of cognition, comparison, and graphics. In the development of the stock market, the economy establishes certain natural actions in the real sector of the economy through a regulatory system of measures, and the needs of investments in the real sector of the economy, methods, and tools are used to achieve the desired results. Statistical, analytical, and dynamic methods were used. The essential foundations of the importance of stock markets and the economy are revealed; we discuss the penetration of knowledge and the conduction of a deep transformation through the introduction of digital technologies in all spheres of the economy, including the transformation of the development of the stock and financial markets nowadays. Results. The assessment of the state of securities markets in developed and developing countries is made on the example of the largest stock exchanges in Brazil and the United Kingdom. The features of the effective functioning of stock markets are revealed. The hypothesis is put forward about the insufficiency of research on the stock market of developed and developing countries and the mechanisms used having an insufficient impact on the development of the economy. From this point of view, an analysis of the dynamics of the current state of the issuers’ number and the dynamics of profitability of developed markets is carried out, the comparative capitalization volumes of the stock markets of Great Britain and Brazil are evaluated, and the weaknesses of their functioning are identified. Conclusions. The conducted research shows that countries, where stock markets are successfully functioning and developing, are catalysts for economic development and the accumulation of funds. Each country applies models of stock market development and a strategy for its regulation in accordance with the concept of a functioning market and its maturity.

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“…With the Covid-19 crisis causing major disruption in the supply chain already, its need to be highly resilient is inevitable (Remko, 2020; Shivajee et al , 2023; Araujo et al , 2023). Application of digital technologies like blockchain and artificial intelligence in public procurement operations can increase the efficiency by 25%–30%, on an average, besides cost optimization and increased control of the entire procurement cycle (Borisova et al , 2019), as well as further affecting the government sector at all levels (Niyazbekova et al , 2021). Gunasekara et al (2022) proposed a blockchain based conceptual framework towards its effective utilization for an advanced digitalized procurement process across pre-tendering, tendering and post awarding phase, in facilities management (Jensen, 2017).…”

Section: Research Frontsmentioning

confidence: 99%

Digital procurement towards new performance frontiers: a systematic literature review and future research fronts

Jain,

Gupta

2023

JGOSS

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Purpose As digital procurement continues to transform heavily as a value center and create new business models by linking businesses with a web of external partners, the full path to achieving such an all-encompassing thing is unknown. Thus, the study aims to explore the research gap through an exhaustive bibliometric and systematic literature review on the Digital procurement theme in the supply chain domain. Design/methodology/approach This study is a qualitative and quantitative analysis of this field, using performance analysis and science mapping to examine 583 articles published from 2002 to 2021. Findings A systematic literature review indicated core topics on “sustainable or green procurement” and “emerging landscape of technology” in the field of study. Research limitations/implications Though the Scopus database used for the analysis is the largest, it may not have complete coverage of all published articles in the field of study; thus, this study is a representation of only a sample rather than its entire population. Originality/value Outcome is based on the review of the past 20 years’ contribution on the topic starting from 2002 to 2021.

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Digital Transformation of Government Procurement on the Level of State Governance

Cited by 30 publications

References 0 publications

The Initial Coin Offering (ICO) Process: Regulation and Risks

The Initial Coin Offering (ICO) Process: Regulation and Risks

Methodological Foundations of the Risk of the Stock Markets of Developed and Developing Countries in the Conditions of the Crisis

Digital procurement towards new performance frontiers: a systematic literature review and future research fronts

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