Jarunee Wonglimpiyarat's research while affiliated with Massachusetts Institute of Technology and other places
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Publications (111)
Purpose
This paper aims to discuss the complexities and foresight of Mars colonization. There are many pioneers competing in a space race to Mars, for example, Elon Musk – SpaceX, Jeff Bezos – Blue Origin and Richard Branson – Virgin Orbit. The analyses are focused on the aerospace industry – the process of space adventures to Mars.
Design/methodo...
Financial technology (or fintech) has received global attention as the challenging technology (the technology that has potential to revolutionize the banking industry) that would empower firms to compete effectively in the twenty-first century. This chapter analyzes the diffusion of fintech-based innovations in the banking industry through the lens...
This paper addresses the mechanisms behind the Media Lab innovation infrastructure that help promote technology transfer and innovations. The analyses are based on the integrative lens of the competitive diamond model and the triple helix model. The findings reveal that the “Demo-or-Die” culture, a free-ranging and interdisciplinary approach to res...
Purpose
This paper aims to explore the financing mechanisms towards Mars commercialisation and SpaceX’s Mars mission programme to achieve the interplanetary settlement. This study also suggests the path to avoid the failure of space commercialisation.
Design/methodology/approach
This research uses a case study methodology (Eisenhardt, 1989; Yin, 2...
Purpose
This paper aims to discuss the possibility that Hyperloop using air levitation technology would create a revolution in the future industry of transportation. It also analyses the financing dimension in bringing Hyperloop technology towards full-scale commercialisation.
Design/methodology/approach
The study uses a case study of SpaceX Hyper...
Given that making research and development (R&D) investments has the potential to generate high profits in the future, this research aims to discuss the merits and demerits of using the major financial models — net present value (NPV), internal rate of return (IRR) and Black–Scholes — in assessing R&D investments. The study follows the appreciative...
Purpose
This study aims to explore the strategies of Xerox Corporation (Xerox) in the copier industry, as its inception to date. In particular, it examines the process of Xerox’s creating platform advantage (the capability to engender an increasing future and continuing success of new innovations or businesses). The study provides insights on Xerox...
Purpose
Given that Blockchain technology poses a growing challenge to the banking industry, this paper aims to analyse the innovation of Blockchain banking with regard to its systemic dimension, as well as dynamics of competition. The empirical research demonstrates how the systemic characteristics of Blockchain banking relate to the pursuit of str...
This study explores the dynamics of crowd funding mechanisms to support venture development in Thailand. Under the policy of moving the country towards ‘Thailand 4.0’, the Thai government has placed importance on value-based economy and innovation driven economy. The empirical analyses, based on the national innovation system (NIS) approach, have s...
This paper analyses strategic implications of using the financial models in evaluating research and development (R&D) technology investments. It also discusses the challenges of applying the financial models in valuing intellectual property (IP). This paper reveals how conventional financial models fail to recognise the importance of strategic posi...
FinTech crowd funding mechanism has gained popularity as an alternative of entrepreneurial financing worldwide. This paper reviews the challenges and dynamics of FinTech crowd funding platforms in the continents of USA, Europe and Asia. The case study analysis of Thailand, an emerging Asian country, under the policy direction of “Thailand 4.0” prov...
This paper explores the government dimension of Porter’s Diamond model. In particular, the study analyses the role of government to support economics of innovation in the cases of Singapore and Thailand. The paper examines the government policies including major tax policies and research and development tax incentives in promoting the high-tech ind...
The automotive sector is the major industry of Thailand's economy. This paper discusses the national strategy of Thailand toward the Detroit of Asia. In particular, the study analyses the pursuit of original equipment manufacturer (OEM) strategy in the Thai automotive industry, based on Porter's Diamond Model. A qualitative approach was adopted, us...
Purpose
This paper explores FinTech and its dynamic transitions in the banking industry. In particular, the study analyses the systemic innovation nature of FinTech-based innovations. The main contribution of this research study is the development of systemic innovation model which can be used as a dynamic tool to track the progress and pattern of...
Purpose
The purpose of this paper is to discuss the application of risk management and auditing to technology incubators/science parks. The proposed audit plan focusses on the risk assessment using the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework.
Design/methodology/approach
The risk-based audit plan for audi...
High-tech businesses are important in enhancing the innovative capacity of nation. Many countries use tax schemes as one of the government policy instruments to provide an environment conducive to the growth of high-tech companies. This paper analyzes the tax policies and R&D tax incentives to promote technology commercialization in Singapore and T...
This paper discusses the lessons learnt from the two major financial crises with regard to their impacts on the economy of Thailand. In particular, the study compares the two major financial crises which have far-reaching impacts on the global financial system - the Tom Yam Kung crisis (the Asian financial crisis in 1997) and the hamburger crisis (...
This paper discusses the lessons learnt from the two major financial crises with regard to their impacts on the economy of Thailand. In particular, the study compares the two major financial crises which have far-reaching impacts on the global financial system - the Tom Yam Kung crisis (the Asian financial crisis in 1997) and the hamburger crisis (...
This paper is concerned with China's strategies in remodelling itself towards an innovation-driven economy. In particular, the study is focused on exploring the policies and innovation strategies to support high-tech SMEs in China. The study has shown that the Chinese government has introduced many policy initiatives (government intervention polici...
This paper is concerned with China's strategies in remodelling itself towards an innovation-driven economy. In particular, the study is focused on exploring the policies and innovation strategies to support high-tech SMEs in China. The study has shown that the Chinese government has introduced many policy initiatives (government intervention polici...
This paper discusses the S-curve trajectories of electronic money innovations in today's payment system. It explores the development of ATM/cash cards, credit cards, electronic fund transfer at the point-of-sale (EFTPOS)/debit cards, smart cards and Bitcoin, the latest development of electronic money or digital money. The analysis is based on the t...
Today, the financing mechanisms to support small- and medium-sized enterprises (SMEs) development have been a subject of great interest and a challenge to policy makers as SMEs are regarded as an important sector contributing to economic growth and stability. This paper is concerned with the bank financing policies to support SME development in Chi...
This study reviews the role of the innovation incubator and university business incubator (UBI) in supporting the entrepreneurial development in Thailand. The university business incubator (UBI) is defined in this paper as an incubator set up by the university to provide office space, equipment, mentoring services as well as other administrative su...
The automotive industry is one of the strategic clusters of Thailand. This study explores Thailand's national innovation system (NIS) strategy and cluster policies in driving the automotive industry towards the Detroit of Asia. The analysis of automotive cluster is based on Porter's Diamond Model and NIS framework. Unlike other Asian countries that...
This paper explores the process of technological change in the payment system. In particular, the study aims to gain understanding if Bitcoin would bring about a paradigmatic shift toward a cashless society. The analysis is based on the technology S-curve and Schumpeter’s model of economic development. It is interesting to see that the swing of S-c...
Israel's Silicon Wadi is second only to US Silicon Valley in terms of business start-ups. The government policies play an important role in promoting innovation and driving the country towards a high-tech powerhouse. In this study the analyses, carried out through the lens of cluster and national innovation system (NIS), have shown that the thrivin...
The purpose of this study is to examine the process of research and development (R%D) commercialisation of the food industrial cluster, one of the most important competitive clusters of Thailand. The study was carried out by reviewing all the food projects in Thailand and selecting the ones with high commercial potential to write solid business pla...
This chapter discusses the electronic payment system of Thailand with a focus on the development of mobile banking system and strategies of competition. The empirical study analyses the competitive landscape of mobile banking using the Managing Migration Paths Model. The study explores the mobile banking and electronic payment strategy of the leadi...
The purpose of this study is to examine the process of research and development (R&D) commercialisation of the food industrial cluster, one of the most important competitive clusters of Thailand. The study was carried out by reviewing all the food projects in Thailand and selecting the ones with high commercial potential to write solid business pla...
This paper is concerned with the innovation policies to support SME development in China. The Chinese government has introduced many policy initiatives (government intervention policies) after the country joined the World Trade Organization (WTO) to support entrepreneurial activities. The empirical study has shown that despite the introduction of t...
The purpose of this study is to examine the innovation financing system of China from a Triple Helix policy perspective. The analysis comparing the case with the USA, the world’s most innovative economy, provides interesting insights regarding the innovative performance of China. The study shows that while the Chinese government introduced many int...
Purpose
– Today, the financing mechanisms to support small-and medium-sized enterprises (SMEs) development have been a subject of great interest and a challenge to policy makers as SMEs are regarded as an important sector contributing to economic growth and stability. This paper is concerned with the bank financing policies to support SME developme...
The purpose of this study is to explore the new economic challenge of China with regard to its innovation strategies to support high-tech small- and medium-sized enterprises (SMEs). In particular, the 12th National Economic and Social Development Plan was introduced to revolutionize the financial innovation system-opening border trade zones and inc...
This study explores the mechanisms behind the successful venture capital (VC) financing in Israel. Known as the most successful Silicon Valleystyle economy, Israel presents an interesting case of effective institutional setting and policies that make the country a hightech miracle. The analysis was done based on the competitive Diamond model. The r...
The study explores Israel's Silicon Valley style of entrepreneurial financing and venture capital (VC) management. Israel is known as the most successful Silicon Valley-style economy, similar to the US Silicon Valley. The high-tech economy of Israel presents an interesting case of effective institutional setting and policies that transform the coun...
This paper discusses the process of entrepreneurial revolution at Mahidol University, Thailand. The aim of this study is to understand the process of technology transfer and commercialization of Mahidol University, one of the national research universities and the most leading university business incubator (UBI) in Thailand. The case study explores...
This paper is concerned with the new Darwinism of the payment system. The researcher discusses the payment system to understand if Bitcoin would replace our cash-based society. The analysis is based on the technology S-curve and Schumpeter’s model of economic development. At present, there are problems hindering Bitcoin innovation to achieve a wide...
Southeast Asia is one of the most successful regional economies of the world. Given the growing importance of the emerging economies in Asia, this study reviews entrepreneurship and innovation financing in the emerging countries of Malaysia, Singapore, Taiwan, and Thailand. Table 4.1 provides an overview of some Asian emerging economies. Overall, S...
This study investigates the competition and challenges of mobile banking system in Thailand. The analyses of the competitive landscape of mobile banking innovations are based on the Managing Migration Paths Model. The empirical study focuses on the leading banks in Thailand: Bangkok Bank, Kasikorn Bank, Siam Commercial Bank, Krung Thai Bank and Ban...
Purpose
– The purpose of this paper is to study the incubator policy to support entrepreneurial development. In particular, the study reviews the incubation programs and strategies of technology transfer and commercialization as well as the innovation policies to support innovation commercialization in Thailand, based on the Triple Helix model.
De...
This study is concerned with the government policies and programs to support the process of technology and innovation development of Thailand. The paper also discusses the government policies to promote the Information and Communications Technology (ICT) businesses. The comparative case of Taiwan has shown that the strong innovation networks under...
This study is concerned with the process of technology transfer and commercialization. It is focused on the entrepreneurial development through the university business incubation process of Thailand. The study analyzes the leading university business incubators (UBIs) as well as major science and technology incubators to understand the strategies f...
Technology financing, technology management and commercialization are constantly evolving as high-tech industries grow worldwide. Developments in one field lead to further developments in the others, and new technology-based firms often face huge difficulties in financing their business projects, research and development investments, and commercial...
This paper is concerned with the innovation financing policies for entrepreneurial development of Singapore and Taiwan, the first tier countries/newly industrializing economies (NIEs) in Asia. In particular, the study focuses on the venture capital and capital market funding policies. The study has shown that the government intervention model is su...
Nanotechnology is currently seen as a paradigm shift towards scientific revolution or ‘nano revolution. This article discusses the nano revolution within the global context. It is interesting to see that the governments around the world have formulated policies to manage the research and development (R&D) efforts and exploit the potential of nanote...
This paper is concerned with the role of equity financing to support entrepreneurship in Asia with a particular focus on venture capital (VC) financing policies of Singapore and Thailand. Although Singapore and Thailand adopt the government intervention approach in VC financing, the analysis has shown that Singapore is more successful due to effect...
This study investigates the innovation financing system supporting technology development and commercialisation in Thailand. The study is based on the findings of the research project funded by Canada's International Development Research Center (IDRC-CRDI). The paper examines the government policies and financing programmes of major institutions le...
This paper analyses the technology strategy and standard competition of the most outstanding innovation cases of Apple and Microsoft. The objective of the study is to understand innovators' pursuit of strategies in securing the benefits from an innovation, based on the innovation life cycle model. The study develops a new methodological framework o...
Purpose
The purpose of this paper is to determine enabling factors influencing the success of technology business incubators (TBIs) with respect to existing and acquired resources, and describe how these enabling factors have been implemented in practice.
Design/methodology/approach
The potential enabling factors were identified based on the liter...
This paper analyses Microsoft's strategies in managing operating system innovations, based on the innovation life cycle model. This study develops a methodological framework of platform for analysing the process of platform creation (the capability to engender an increasing future and continuing success of new innovations or businesses). The result...
This article investigates the financial innovation system, a crucial sectoral innovation system underlying the national innovation system, and business finance issues upon start-up financing to support technology and innovation development. The study highlights the importance of US government financing programmes as a successful model of national i...
This paper explores the Thai Venture Capital (VC) industry based on the Triple-Helix model. In particular, the characteristics of Triple Helix are analysed in terms of the structure of the VC market as well as the tax regulations related to VC funds. The results reveal that the growth of Thai VC market depends on government interacting with univers...
This paper is concerned with the innovation challenges of financial auditing and tax auditing to improve economic efficiency. Current economic conditions provide particular challenges for the Thai government to establish new practices towards auditing profession advancement. The Federation of Accounting Profession and the Revenue Department both cl...
This paper explores the main government programmes in financing innovations using comparative innovation system cases of Malaysia and Thailand, the emerging tigers of Asian economies. The study provides an empirical evidence of the innovation financing system based on the National Innovation System (NIS) concept. The main argument of the paper is t...
This paper is concerned with the economic innovation challenges of financial and tax auditing. Current economic conditions provide particular challenges for the Thai government to establish new practices towards auditing profession advancement. The 'Federation of Accounting Profession and the Revenue Department' both claim to promote and protect th...
This paper concerns the venture capital (VC) management with a focus on exploring the emergence of Quebec as the leading biotechnology centre in Canada. The research analyses the government policies and programmes in financing innovations to understand the risk capital management process. The key government initiatives as well as the organisations/...
This study is concerned with the development of the innovation capability index to assess innovation efficiency in an industrial innovation system. This paper presents the research results on charting the innovation index of Thailand and discusses the strategies to improve the national innovative capability. Based on the studies on competitiveness...
This paper concerns the structural developments and the direction of technological change of the energy innovation system, based on the studies of Kuhn's model of scientific change and Schumpeter's model of technological change. The paper uses the case study of Thai government agencies for understanding the way governments can facilitate technologi...
Nanotechnology is currently seen as a paradigm shift towards scientific revolution or 'nano revolution. This chapter discusses the nano revolution within the global context. It is interesting to see that the governments around the world have formulated policies to manage the research and development (R&D) efforts and exploit the potential of nanote...
Science and technology incubators play an increasing role in contributing to entrepreneurial, venture and economic development. This paper is concerned with the strategies for technology commercialisation and support for new venture development. The study has applied the cluster‐based strategies of Silicon Valley to the case of Thailand. The findin...
Science and technology incubators play an increasing role in contributing to the entrepreneurial, venture and economic development.
This paper is concerned with the strategies for technology commercialization and supports of new venture development. The
study has applied the cluster-based strategies of the US Silicon Valley to the case of Thailand....
There is a clear implication of conceptualising the problems in managing innovations that firms which have limited finance may not be able to invest in research and development (R&D) activities. As a result, there is a growing search for capital among entrepreneurial ventures. This paper reviews the financial system of financing innovations in Thai...
This study is concerned with the development of the innovation capability index to assess innovation efficiency in an industrial innovation system. This paper presents the research results on charting the innovation index of Thailand and discusses the strategies to improve the national innovative capability. Based on the studies on competitiveness...
This paper is concerned with the influence of capital market laws and initial public offering (IPO) process on venture capital. It discusses the impact of US federal state laws and Securities and Exchange Commission (SEC) regulations to the venture capital markets, arguing if the rules and regulatories are burdensome to entrepreneurs and new-growth...
Entrepreneurial financing policies play an important role in venture and economic development. This study investigates the management of Venture Capital (VC) industry for entrepreneurial financing in Thailand. The findings highlight the use of public VC funds to provide management assistance to the investee companies in order to improve survival ra...
A smart card-based payment system is a challenging technology in financial services. Given the electronic commerce (e-commerce) opportunity, banks and non-banks compete to deploy smart card technology for internet use. This paper is concerned with the business strategies in managing payment innovations. Particularly, the study looks at the smart ca...
The peaking of world oil production presents the world with an unprecedented energy crisis. In the midst of global oil supply concerns, bio-based energy is seen as a new challenge to help solve energy shortage. Bio-based energy is seen as the next new wave for future businesses and strategies for sustainable development. The study discusses the dif...
An assessment of the research impacts and benefits to society is an essential component of publicly funded Research and Development (R&D) programmes/projects since the research is performed on the use of taxpayers' money. The paper is concerned with the impact assessment of research conducted for Thailand Research Fund (TRF). This study is the firs...
This paper analyses the impact of biotechnology on the pharmaceutical industry based on Schumpeter's concept of technological change. The economists have argued from different perspectives that the change in biotechnology is either revolutionary or evolutionary. The study attempts to structure the comparison of these conceptual differences in order...
This paper presents the structural model of competition in the Thai banking system. The increased competition after the financial crisis has made it necessary for Thai banks to adapt and improve all their operations. In the past ten years, the structure of the Thai banking system has changed from the model of domestic banks dominating the industry,...
This paper analyses the technological change in the pharmaceutical industry. Drawing on Schumpeter's long waves theory, it is argued that the technological change in the pharmaceutical industry is evolutionary and a de-maturity process. The development of genomic technologies has opened up opportunities for using molecular diagnostics to improve th...
This paper focuses on the national evaluation system of Thailand. The results presented in this paper are based on the research conducted for the National Research Council of Thailand (NRCT). The research aims to integrate evaluation and management which would enable effective evaluation system and assist research funding decision making. NRCT has...
This paper is concerned with the business strategy in managing payment innovations. Particularly, the study looks at the smart card - electronic cash (e-cash) innovation in the financial service industry. The smart card e-cash has yet to overcome obstacles to its diffusion. Given the e-commerce opportunity, banks and non-banks compete to deploy sma...
Venture capital (VC) improves the nation's innovative capacity by making investments in early stage businesses that offer high potential but high risk. This paper is concerned with the venture investment fund programmes in Thailand. In particular, the study describes and analyses the VC management of the Small and Medium Enterprise Development Bank...
The paper is concerned with the national foresight exercises in Thailand to devise the key science and technology (S&T) strategies. The Thai government, through the National Science and Technology Development Agency (NSTDA), has used the foresight processes to influence policy making and create national foresight programmes. The foresight exercise,...
This chapter is concerned with the challenges of smart cards as a system innovation in the banking industry. System innovation is the innovation that cannot be adequately introduced by a single entity and is likely to fail unless two or more parties collectively accept the innovation. The study aims to understand the network system nature of smart...
This paper deals with the Research and Development (R&D) management system of the two major research funding organisations in Thailand: The National Science and Technology Development Agency (NSTDA) and the Thailand Research Fund (TRF). Since there are difficulties in exerting an effective pull on the formal R&D system, specific attention is given...
This paper reports on the technological capabilities and learning of Thai banking system. It identifies innovation development of the system as it evolved and how the learning process took place. This study is based on a leading technological regime change literature and the results are based on the study of five commercial banks: Bangkok Bank, Sia...
This paper is concerned with the attempts of the Small and Medium Enterprise Development Bank of Thailand (SME Bank) to move towards becoming a technology bank to support the generation of new businesses and innovations. Being the bank for technology-based businesses to increase the nation's innovation capacity is the great challenge for SME Bank,...
This paper is concerned with the development of Silicon Valley, the government programmes in financing innovations and the specific characteristics/factors contributing to the success of the valley. It is argued that the capacity to foster clusters of innovation, an effective use of university resources, the supporting infrastructure, the culture o...
Purpose
– The paper aims to deal with the application of foresight in devising strategic technology policies in Thailand.
Design/methodology/approach
– The paper examines the foresight exercise carried out by the Thai government, through the National Science and Technology Development Agency (NSTDA) and the APEC Center for Technology Foresight, to...
This study applies the concept of industrial clusters to explain the development of technologically sophisticated region of Boston Route 128. It is argued that the success of Boston, Massachusetts, is rooted in innovation, entrepreneurial management and the policy towards technology commercialisation. To consider the argument, the paper proposes th...
This paper is concerned with the technological learning and capabilities of Thai banking. It reviews the period of innovative development to understand the evolutionary/revolutionary issues and the continuous nature of the learning process. The period of study covers the technological regime as outlined by Buzzacchi et al. (1993), that is, the mass...
This paper investigates the management of the Venture Capital (VC) industry in Canada. The key government initiatives as well as the organisations/institutions established to create the dynamic and innovative system underpinning the industrial development of Canada are examined. Within the Canadian National System of Innovation (NSI), the governmen...
This paper is concerned with the management of technology linked with the technology commercialisation (business-oriented) aspect. The analysis of this paper is based on the two major research funding organisations in Thailand: the National Science and Technology Development Agency (NSTDA) and the Thailand Research Fund (TRF). Since there are diffi...
Citations
... Understanding CF dynamics allows driving the raised capital toward the planned target, having cleared the causal mechanisms that preside over its behavior. Such an understanding is crucial to increase campaigns' success ratios, though requiring an underexplored perspective (Harris and Wonglimpiyarat, 2020;Mollick, 2014;Rao et al., 2014;Shneor and Vik, 2020). ...
... From the point of view of the problems raised in the article, it is important to determine the strategic consequences of the using of investment models for R&D products, formed in [17]; in [18]-a methodical approach based on Nash equilibrium, the authors propose to apply the approach to R&D in the case of non-cooperative oligopoly; in addition, scientists note the vague uncertainty of market shares and information; in [19]-scientists substantiated the signs and approaches to coordination resources of innovative products of a high level of complexity. In [20], the applications of a neural network methodology and a Monte Carlo method of least squares were combined. ...
... In particular, the economic evaluation of an R&D product at the idea stage can help predict product development and answer questions about the technical practicability of the further development of this product and the economic meaning of its market launch [1]. However, the lack of existing methodological support for the transfer • to explore the strategic entanglements of financial models for managing R&D and building a firm's competitiveness [15]; • to investigate the relationship between manufacturing-R&D integration and organizational culture in improving quality and product development performance [16]; • to obtain fitter decisions concerning risk reduction and further assist them in reaching higher performances in R&D partnership risk management [17]. ...
... Second, our analysis shows that manufacturing firms need to be able to fill the gaps in their technical capabilities by building their relational capabilities and creating a sustainable competitive advantage for themselves and their partners . Previous studies have emphasized the need for manufacturing firms to have the capability to provide internal coordination and maintain their external visibility (Boldosova, 2020;Coreynen et al., 2017;Paiola & Gebauer, 2020), learn the ability to integrate and coordinate value activities (Harris & Wonglimpiyarat, 2020;Ostrom et al., 2015), and exploit current actor competencies through effective knowledge transformation (H. Huang et al., 2021;Kamalaldin et al., 2020Kamalaldin et al., , 2021Kolagar et al., 2022;Linde et al., 2021). ...
... On its basis, it was determined that the triple helix system-the interaction between universities, industry and government-is disturbed, which limits the country's innovative capacity. The authors emphasize that acceleration programs include the use of useful tools and activities that can fix and improve the aforementioned interaction [43]. ...
... To understand how fintech lenders or borrowers from fintech lenders make their decisions, the specificity of fintech start-ups regarding traditional banks needs to be revealed as well as how borrowers behave with its online services. Several studies confirm that online banking rather acts as a complement to the branch network than its substitute (Clements, 2019;Harris & Wonglimpiyarat, 2019;Zveryakov et al., 2019). Nevertheless, the business model of online lending platforms is partially based on the acquisition of soft information through repeated interactions, which are essential parameters of relationship banking (Jakšič & Marinč, 2019;K. ...
... -Variables externas, como las regulaciones gubernamentales y el desarrollo de tecnología que son bastante inciertas y sus cambios tendrán un impacto significativo en el crecimiento y la rentabilidad de las tecnologías financieras (Lee & Shin, 2018). -Financiamiento de capital de riesgo (VC), que juega un papel principal en las primeras etapas del desarrollo de la innovación (Wonglimpiyarat, 2019). • Indicadores del nodo de conocimiento Universidad: ...
... In addition, in the core technology of the entire process of data collection in the scientific research distributed system, a solution to increase data collection was obtained, a database query incremental recognition system was introduced in detail, and a special analysis tool for fully automatic acquisition of incremental data was developed and designed [5]. In view of the increase in the amount of data information, combined with the characteristics of the online financial system in the work, we added online financial audit early warning information and an online approval control module to improve the efficiency of the online financial system and reduce financial risks [6]. With the emergence of cloud computing technology and network big data, mobile network technology service platforms, financial accounting instant information management systems, network databases, online network platforms, and applications, the quiet penetration of cloud computing technology has made traditional financial auditing difficult [7]. e new cloud computing financial audit system software method is slowly becoming a research hotspot on the internet and will also become a key application method in the next sales market [8]. ...
... Shim and Shin [26] indicated that employing a techno-globalist approach increases competitiveness and provides security for local organisations. Similarly, [30] argued that understanding relations between innovation policy and government policy can help policymakers to make better decisions and foster technological innovations. Therefore, it is important to consider adopting certain technologies to improve government performance as well as achieve competitiveness. ...
... Many nations, such as some in Southeast Asia and Europe have established innovation as a central element of their economic strategies (Atkinson, 2007). In this sense, investments in R&D activities can be understood as inherent costs for establishing a competitive position since they allow the development and diffusion of innovation (Wonglimpiyarat, 2018). ...