Debt And Study,
2010
Duke University
Debt And Study, Fred Moten, Stefano Harney
Research Collection Lee Kong Chian School Of Business
They say we have too much debt. We need better credit, more credit, less spending. They offer us credit repair, credit counseling, microcredit, personal financial planning. They promise to match credit and debt again, debt and credit. But our debts stay bad. We keep buying another song, another round. It is not credit that we seek, nor even debt, but bad debt -- which is to say real debt, the debt that cannot be repaid, the debt at a distance, the debt without creditor, the black debt, the queer debt, the criminal debt. Excessive debt, incalculable debt, debt for no …
Climate Risk Management: The Case Of Forecasting Tropical Cyclones,
2010
Singapore Management University
Climate Risk Management: The Case Of Forecasting Tropical Cyclones, Carolyn W Chang, Sk Jack Chang, Kian Guan Lim
Research Collection Lee Kong Chian School Of Business
Global warming has induced an increasing number of deadly tropical cyclones with a continuing trend. Developing high-functional climate risk management tools in forecasting, catastrophe modeling, pricing and hedging is thus crucial. By using transactional price changes of traded hurricane derivatives as the predictor in a doubly-binomial pricing framework, we develop a dynamic market-consensus hurricane forecasting model. Our model can forecast when and how a hurricane will make landfall, and how these forecasts will update themselves upon trading arrival.
Corporate Governance, Investor Protection, And Auditor Choice In Emerging Markets,
2010
Nanyang Technological University
Corporate Governance, Investor Protection, And Auditor Choice In Emerging Markets, Mahmud Hossain, Chee Yeow Lim, Patricia Mui Siang Tan
Research Collection School Of Accountancy
In this study, we examine the effect of firm-level governance on the firm's choice of an external auditor. Further, we test how the relation between corporate governance and auditor choice may be affected by the strength of legal environment. The results show that firm-level governance scores are positively related to the firm's auditor choice. This association is strengthened by country-level legal protection. Specifically, the positive association between auditor choice and the firm-level governance scores is weaker (stronger) in a low (high) legal environment. These findings are robust after controlling for determinants that were found to be significant in earlier research. …
Family Control And Ownership Monitoring In Family-Controlled Firms In Japan,
2010
Singapore Management University
Family Control And Ownership Monitoring In Family-Controlled Firms In Japan, Toru Yoshikawa, Abdul A. Rasheed
Research Collection Lee Kong Chian School Of Business
This paper focuses on a type of firms that have been traditionally neglected in both family business and governance research, namely, family-controlled, publicly-listed firms. Although principal-agent conflicts may be less prevalent in such firms, family control can potentially give rise to principal-principal conflicts, leading to expropriation of the wealth of minority owners by family owners. Superior firm performance and the willingness to distribute the profits through dividend payments would suggest the absence of such expropriation. Based on a sample of 210 OTC firms in Japan, we examined the relationships between family control and dividend payouts and profitability. Our results indicate …
Overinvestment And The Operating Performance Of Seo Firms,
2010
Singapore Management University
Overinvestment And The Operating Performance Of Seo Firms, Fangjian Fu
Research Collection Lee Kong Chian School Of Business
Prior studies have documented that firms' operating performance deteriorates following seasoned equity offerings (SEOs). This paper proposes and empirically tests the hypothesis that the poor performance is caused by managers' overinvestment. I show that, subsequent to the offering, SEO firms tend to invest more heavily than non-issuing control firms that are in the same industry and have enough financial slack and similar amounts of investment opportunities. More importantly, I find a negative relation between post-issue investment and operating performance, controlling for investment opportunities and pre-issue performance. The evidence supports an overinvestment interpretation as it stands in contrast to the prediction …
Switching It Outsourcing Suppliers: Enhancing Transition Readiness,
2010
Singapore Management University
Switching It Outsourcing Suppliers: Enhancing Transition Readiness, Siew Kien Sia, Wee Kiat Lim, Kanapaty Pelly Periasamy
CMP Research
As IT outsourcing continues to gather momentum and mature, the decision to change suppliers at the end of a contract, or even earlier, has become an inevitable reality for many. This article sheds light on the management challenges associated with transitioning from one outsourcing supplier to another. Based on the “painful” experience of a large public-sector organization that chose not to renew its contract with a supplier that had operated its online portal and call center for five years, we provide insights into what makes a client organization “transition-ready.” We then describe the actions an organization can take before, during, …
Channel Selection And Coordination In Dual-Channel Supply Chains,
2010
Santa Clara University
Channel Selection And Coordination In Dual-Channel Supply Chains, Gangshu (George) Cai
Information Systems and Analytics
This paper investigates the influence of channel structures and channel coordination on the supplier, the retailer, and the entire supply chain in the context of two single-channel and two dual-channel supply chains. We extensively study two Pareto zone concepts: channel-adding Pareto zone and contract-implementing Pareto zone. In the channel-adding Pareto zone, both the supplier and the retailer benefit from adding a new channel to the traditional single-channel supply chain. In the contract-implementing Pareto zone, it is mutually beneficial for the supplier and the retailer to utilize the proposed contract coordination policy. The analysis suggests the preference lists of the supplier …
An Investigation Into Factors Influencing The Sensory Properties Of Selected Irish Grown Organic And Conventional Vegetables,
2010
Technological University Dublin
An Investigation Into Factors Influencing The Sensory Properties Of Selected Irish Grown Organic And Conventional Vegetables, Clare Gilsenan
Doctoral
Research studies conducted on organic produce have given conflicting results whether they have superior sensory qualities when compared to conventionally cultivated produce. The development and implementation of a reliable testing system is therefore required. In this study Irish grown organic and conventional carrots (cv. Nairobi), potatoes (cv. Orla) and tomatoes (cv. Amoroso) were selected for physicochemical (size, colour, dry matter, texture, sugars, o Brix & pH), volatile emissions and sensory analysis (trained and consumer panels). All vegetables were tested in both a raw and cooked state. Few significant differences were apparent between the organic and conventional vegetables for the physicochemical …
Index-Exciting Caviar: A New Empirical Time-Varying Risk Model,
2010
Singapore Management University
Index-Exciting Caviar: A New Empirical Time-Varying Risk Model, Dashan Huang, Baimin Yu, Zudi Lu, Sergio Focardi, Frank Fabozzi, Masao Fukushima
Research Collection Lee Kong Chian School Of Business
Instead of assuming the distribution of return series, Engle and Manganelli (2004) propose a new Value-at-Risk (VaR) modeling approach, Conditional Autoregressive Value-at-Risk (CAViaR), to directly compute the quantile of an individual asset's returns which performs better in many cases than those that invert a return distribution. In this paper we explore more flexible CAViaR models that allow VaR prediction to depend upon a richer information set involving returns on an index. Specifically, we formulate a time-varying CAViaR model whose parameters vary according to the evolution of the index. The empirical evidence reported in this paper suggests that our time-varying CAViaR …
Searching For Competitive Advantage In The Black Box,
2010
University of California, Los Angeles
Searching For Competitive Advantage In The Black Box, Eric Flamholtz, Wei Hua
Research Collection Lee Kong Chian School Of Business
This paper deals with the sources of potential competitive advantage. It builds upon previous work by Flamholtz (1995) to develop a model of the determinants of organizational success and failure as well as subsequent empirical studies of the link between the model and financial performance (Flamholtz and Aksehirli, 2000, Flamholtz and Hua, 2002. The paper discusses the extension of the model from a framework for organizational development to a framework or ‘lens’ for building competitive advantage. It also hypothesizes that an organization’s infrastructure (defined in terms of four of the model’s variables) are likely to be the …
Beyond Watches And Reishi: Jannie Tay’S Approach To Business,
2010
Singapore Management University
Beyond Watches And Reishi: Jannie Tay’S Approach To Business, Knowledge@Smu
Knowledge@SMU
Having built The Hour Glass into one of the largest luxury watch retailers in this region, Jannie Tay has in recent years turned her attention into another pursuit: oxygen regeneration and reishi-based wellness products. For Tay, successful businesses need to move beyond a bottom line focus. She believes that when too much attention is placed on profits, greed triumphs over passion, integrity, and care for the well-being of people and external environment.
Rewriting The World Order: China's Footprint On The Credit Crisis And International Affairs,
2010
Singapore Management University
Rewriting The World Order: China's Footprint On The Credit Crisis And International Affairs, Knowledge@Smu
Knowledge@SMU
Tired of reading conventional theories to what caused the recent financial crisis? How about a theory that places the blame on China, for a change? Giles Chance, author of “China and the Credit Crisis”, dances between the fine lines as he gives a fresh spin on the crisis, blind Western policymakers, a global currency and the world order that is to come as the "China effect" dominates familiar Western models of capitalism, politics and diplomacy.
Western Rock Lobster Fishery Harvest Strategy And Decision Rules Framework Proposals. A Discussion Paper.,
2010
Department of Primary Industries and Regional Development, Western Australia
Western Rock Lobster Fishery Harvest Strategy And Decision Rules Framework Proposals. A Discussion Paper., Department Of Fisheries Western Australia
Fisheries management papers
This paper outlines proposals designed to be used in an updated and improved Harvest Strategy and Decision Rules Framework (referred to as the ‘Decision Rules’) that has been developed to meet the short and long term sustainability and economic needs of the West Coast Rock Lobster Managed Fishery. This approach represents international ‘best practice’ for fisheries management and is consistent with the Commonwealth Government’s Fisheries Harvest Strategy Policy1 .
Fdi Accounting In India And China: A Need For Harmonization,
2010
Marshall University
Fdi Accounting In India And China: A Need For Harmonization, M. R. Shollapur, Suneel K. Maheshwari, Uday S. Tate
Management Faculty Research
The objective of this paper is to initiate discussions on standardizing the method for measuring Foreign Direct Investment (FDI) across countries. It is important to use consistent method so that there is a faithful representation of a country's investment climate and the information is relevant for the purpose of foreign investors. India and China measures Foreign Direct Investment (FDJ) using two different methods. India measures FDI on the basis of equity investments, whereas China includes certain items which do not strictly fall under the purview of FDI. Inclusion of items other than equity increases the reported FDI in China. It …
Individual Taxation: Digest Of Recent Developments,
2010
San Jose State University
Individual Taxation: Digest Of Recent Developments, Annette M. Nellen, E. D. Cook, A. C. Fowler, E. A. Gershman, J. C. Hagy, J. Horn, D. L. Neuschwander, D. Newman, N. Stapleton
Annette M. Nellen
TIGTA made recommendations regarding the use of individual tax identification numbers (ITINs) with respect to refundable tax credits such as the child tax credit. TIGTA also recommended that the IRS develop a new process to prevent erroneous claims for the earned income credit. • The IRS issued guidance providing the procedure for electing under Sec. 108(i) to include income from indebtedness discharged in a reacquisition of a debt instrument in gross income ratably over a five-year period. • The IRS issued advice to its employees regarding the determination of whether a taxpayer can claim a dependency exemption for a noncustodial …
The Contested Politics Of Corporate Governance: The Case Of The Global Reporting Initiative,
2010
University of Massachusetts Boston
The Contested Politics Of Corporate Governance: The Case Of The Global Reporting Initiative, David Levy, Halina Szejnwald Brown, Martin De Jong
Management and Marketing Faculty Publication Series
The Global Reporting Initiative (GRI) has successfully become institutionalized as the preeminent global framework for voluntary corporate environmental and social reporting. Its success can be attributed to the “institutional entrepreneurs” who analyzed the reporting field and deployed discursive, material, and organizational strategies to change it. GRI has, however, fallen short of the aspirations of its founders to use disclosure to empower nongovernmental organizations (NGOs). The authors argue that its trajectory reflects the power relations between members of the field, their strategic choices and compromises, their ability to mobilize alliances and resources, and constraints imposed by the broader institutions of financial …
An Empirical Examination Of The "Rule Of Three": Strategy Implications For Top Management, Marketers, And Investors,
2010
Chapman University
An Empirical Examination Of The "Rule Of Three": Strategy Implications For Top Management, Marketers, And Investors, Can Uslay, Ayca Altintig, Robert D. Windsor
Business Faculty Articles and Research
This study represents the first empirical examination of the "Rule of Three," a theory at odds with several popular notions regarding industry structure and business performance, including the positive linear market share-performance relationship. In general, the findings from more than 160 industries support the Rule of Three and provide five main insights: First, there appears to be a prevalent competitive structure for mature industries in which three "generalist" firms control the market. Second, industries that conform to this structure tend to perform better than industries with a fewer or greater number of generalists. Third, both "specialists" and generalists outperform firms …
Inflacioni,
2010
University for Business and Technology - UBT
Inflacioni, Granit Fetoshi
Theses and Dissertations
Qëllimi i këtij studimi është që të kuptojmë rëndësinë dhe rolin e inflacionit, në mënyrë më të detajizuar në këtë punim pëveç inflacionit si tematik kyqe, do të bëhet fjalë dhe për paranë, deficitet dhe marrëdhëniet midis tyre. Objektivat kryesore të këtij punimi janë verifikimi i dijes teorike dhe praktike të arritura gjatë studimeve si dhe aftësia e studentit që të mbrojë dhe argumentojë përfundimet vetanake në lidhje me materijen të cilën e ka përpunuar në punim. Pasi që inflacioni është në marrëdhënie të ngushtë me paranë, deficitet dhe papunësinë, atëherë në këtë punim është parashtruar nevoja që edhe ato …
Ua62/3 March Newsletter,
2010
Western Kentucky University
Ua62/3 March Newsletter, Kentucky Small Business Development Center
University Organizations
March newsletter created by the Kentucky Small Business Development Center at WKU.
2010 March,
2010
Morehead State University
2010 March, Office Of Communications & Marketing, Morehead State University.
Morehead State Press Release Archive, 1961 to the Present
Press releases for March of 2010.
