Open Access. Powered by Scholars. Published by Universities.®

Digital Commons Network

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 30 of 297

Full-Text Articles in Entire DC Network

Quantitative Hedge Fund Selection, Melvyn Teo Dec 2010

Quantitative Hedge Fund Selection, Melvyn Teo

Research Collection BNP Paribas Hedge Fund Centre

Prior research has shown that small funds, young funds, and local funds outperform their older, larger, and distant counterparts. According to the literature, hedge fund performance is driven by fund capacity constraints, managerial incentives, and local information. I revisit these studies on hedge funds and test whether their results hold up in recent data. By doing so, I lay the foundations for a quantitative hedge fund selection framework.


Innovative Entrepreneurs' Workbook: A Guide For Innovators And Entrepreneurs, Arcot Desai Narasimhalu Dec 2010

Innovative Entrepreneurs' Workbook: A Guide For Innovators And Entrepreneurs, Arcot Desai Narasimhalu

Research Collection Institute of Innovation and Entrepreneurship

This is a workbook for individuals who have decided to start their long winding entrepreneurial journey. It is organized into four parts. The first part introduces the aspiring entrepreneur to the process of identifying an innovation opportunity and refining for market readiness. The second part provides insights into a product or service development. The third part lays out the key steps involved in building a new company. This part includes IP strategy for a startups, a topic rarely discussed in many text books or workbooks. The last part will discuss the art of securing the early deals. This book was …


From Information Technology To Ice-Cream: One Man's Entrepreneurial Quest For Happiness, Knowledge@Smu Dec 2010

From Information Technology To Ice-Cream: One Man's Entrepreneurial Quest For Happiness, Knowledge@Smu

Knowledge@SMU

Medal-winning fencer Wong Toon King is not some swash-buckling corporate hot shot, slashing and hacking at business rivals. Rather, the former government scholar turned serial entrepreneur believes that the important ingredients to building businesses include not just good ideas, but also a knack of identifying trends and a good sense of timing. Most importantly, entrepreneurs need to be happy at what they are doing – even if it means scooping and serving Ben & Jerry's ice-cream every day, said the founder of The Happy People Co., local franchisee of the popular brand of ice-cream.


A Peek Into The New Korea: Will The Hermit Crab Come Out Of Its Shell?, Knowledge@Smu Dec 2010

A Peek Into The New Korea: Will The Hermit Crab Come Out Of Its Shell?, Knowledge@Smu

Knowledge@SMU

South Korea's economic and industrial rise over the past decade has been a subject of envy. Here is a country that has gone from being 'the one with the fermented vegetables' to the high-tech gadget innovation hub that it is today. Samsung and LG have attained worldly status, with consumer electronics that can give the big old boys from across the Sea of Japan a good run for their money. Yet, despite its success, the country remains mired in much of its painful past – from the divide between the former kingdoms of Silla, Baekje and Goguryeo to the North-South …


Leeden's Transformation: Giving Prominence To A Lesser Known Industry, Knowledge@Smu Dec 2010

Leeden's Transformation: Giving Prominence To A Lesser Known Industry, Knowledge@Smu

Knowledge@SMU

When Steven Tham took the helm at Leeden Limited, a local welding, gas and safety company, he had the unenviable task of making some decisions that would ultimately close some operations and displace employees. However, within a decade, not only did he turn the company around, he grew its revenue by a whopping ten times. All of it would not be possible without a systematic expansion strategy, and a keen eye on the market, he told an audience at SMU's Wee Kim Wee Centre.


Friendships, Trust And Advertisers: The Art Of Mining Social Networks, Knowledge@Smu Dec 2010

Friendships, Trust And Advertisers: The Art Of Mining Social Networks, Knowledge@Smu

Knowledge@SMU

The exponential growth of social networking sites over the past few years has not escaped the attention of business and government leaders, many of whom are now scrambling to uncover how best to exploit social interactions online for monetary or political gains. However, before any benefit can be realised and reaped, patterns in the relationships between users on these networks need to be analysed and understood; and to do that, there is a need to first unearth and organise data. Academics and industry practitioners exchanged their findings at a recent School of Information Systems workshop.


The Wto Trade Effect, Pao Li Chang, Myoung-Jae Lee Dec 2010

The Wto Trade Effect, Pao Li Chang, Myoung-Jae Lee

Research Collection School Of Economics

This paper reexamines the GATT/WTO membership effect on bilateral trade flows, using nonparametric methods including pair-matching, permutation tests, and a Rosenbaum (2002) sensitivity analysis. Together, these methods provide an estimation framework that is robust to misspecification biases, allows general forms of heterogeneous treatment effects, and addresses potential hidden selection biases. This is in contrast to most conventional parametric studies on this issue. Our results suggest large GATT/WTO trade-promoting effects, robust to various restricted matching criteria, alternative indicators for GATT/WTO involvement, different matching methodologies, non-random incidence of positive trade flows, and inclusion of multilateral resistance terms.


Regulatory Focus, Regulatory Fit, And The Search And Consideration Of Choice Alternatives, Michel Tuan Pham, Hannah H. Chang Dec 2010

Regulatory Focus, Regulatory Fit, And The Search And Consideration Of Choice Alternatives, Michel Tuan Pham, Hannah H. Chang

Research Collection Lee Kong Chian School Of Business

This research investigates the effects of regulatory focus on alternative search and consideration set formation in consumer decision making. Results from three experiments yield two primary findings. First, promotion-focused consumers tend to search for alternatives at a more global level, whereas prevention-focused consumers tend to search for alternatives at a more local level. Second, promotionfocused consumers tend to have larger consideration sets than do preventionfocused consumers. Building on these two primary findings, it is additionally shown that whereas promotion-focused consumers attach relatively greater value to options chosen from hierarchically structured sets, prevention-focused consumers attach relatively greater value to options chosen …


From Peasants To Farmers: Peasant Differentiation, Labor Regimes, And Land-Rights Institutions In China's Agrarian Transition, Q. Forrest Zhang, John A. Donaldson Dec 2010

From Peasants To Farmers: Peasant Differentiation, Labor Regimes, And Land-Rights Institutions In China's Agrarian Transition, Q. Forrest Zhang, John A. Donaldson

Research Collection School of Social Sciences

The development of factor markets has opened Chinese agriculture for the penetration of capitalism. This new round of rural transformation—China’s agrarian transition— raises the agrarian question in the Chinese context. This study investigates how capitalist forms and relations of production transform agricultural production and the peasantry class in rural China. The authors identify six forms of nonpeasant agricultural production, compare the labor regimes and direct producers’ socioeconomic statuses across these forms, and evaluate the role of China’s land-rights institution in shaping these forms. The empirical investigation presents three main findings: (1) Peasant differentiation : capitalist forms of agricultural production differentiate …


Reading Your Counterpart: The Benefit Of Emotion Recognition Accuracy For Effectiveness In Negotiation, Hillary Anger Elferbein, Maw Der Foo, Judith White, Hwee Hoon Tan, Voon Chuan Aik Dec 2010

Reading Your Counterpart: The Benefit Of Emotion Recognition Accuracy For Effectiveness In Negotiation, Hillary Anger Elferbein, Maw Der Foo, Judith White, Hwee Hoon Tan, Voon Chuan Aik

Research Collection Lee Kong Chian School Of Business

Using meta-analysis, we find a consistent positive correlation between emotion recognition accuracy (ERA) and goal-oriented performance. However, this existing research relies primarily on subjective perceptions of performance. The current study tested the impact of ERA on objective performance in a mixed-motive buyer-seller negotiation exercise. Greater recognition of posed facial expressions predicted better objective outcomes for participants from Singapore playing the role of seller, both in terms of creating value and claiming a greater share for themselves. The present study is distinct from past research on the effects of individual differences on negotiation outcomes in that it uses a performance-based test …


Why 'Democracy' And 'Drifter' Firms Can Have Abnormal Returns: The Joint Importance Of Corporate Governance And Abnormal Accruals In Separating Winners From Losers, Koon Boon Kee Dec 2010

Why 'Democracy' And 'Drifter' Firms Can Have Abnormal Returns: The Joint Importance Of Corporate Governance And Abnormal Accruals In Separating Winners From Losers, Koon Boon Kee

Research Collection School Of Accountancy

No abstract provided.


Integrating Ioob And Jdm Through Process-Oriented Research, Jochen Reb Dec 2010

Integrating Ioob And Jdm Through Process-Oriented Research, Jochen Reb

Research Collection Lee Kong Chian School Of Business

One of the most fascinating and counterintuitive insights from negotiation theory is that differences, rather than similarities, open up opportunities for value creation (Raiffa, 2002). Because of different values, beliefs, and perspectives, parties can benefit from their complementarities. Ironically though, negotiators tend to prefer negotiating with similar others, with others they like, presumably because negotiators expect interactions to proceed more smoothly. Differences make interaction more difficult but also potentially more rewarding, if managed correctly.


Amazon's Clout: World's Largest Online Retailer Joins The Cloud Computing Camp, Knowledge@Smu Dec 2010

Amazon's Clout: World's Largest Online Retailer Joins The Cloud Computing Camp, Knowledge@Smu

Knowledge@SMU

Many organisations invest heavily in information technology, acquiring the best IT equipment, backup for the best IT equipment, and hiring highly skilled and reputable IT consultants and vendors. While a great IT infrastructure will be critical to business success, its escalating costs have become somewhat prohibitive, thanks, in part, to a vicious lock-in cycle that handcuffs organisations to heavy machines. Enter cloud computing – a new paradigm in IT management that slashes capital expenditure and operating costs. Amazon.com, which runs the world's largest online retail store on a cloud, believes that cloud computing is the way forward for the connected …


Measurement Equivalence Of The Wong And Law Emotional Intelligence Scale Across Self And Other Ratings, Nele Libbrecht, Filip Lievens, Eveline Schollaert Dec 2010

Measurement Equivalence Of The Wong And Law Emotional Intelligence Scale Across Self And Other Ratings, Nele Libbrecht, Filip Lievens, Eveline Schollaert

Research Collection Lee Kong Chian School Of Business

There exist a variety of measurement instruments for assessing emotional intelligence (EI). One approach is the use of other reports wherein knowledgeable informants indicate how well the scale items describe the assessed person's behavior. In other reports, the same EI scales are typically used as in self-reports. However, it is not known whether the measurement structure underlying EI ratings is equivalent across self and other ratings. In this study, the measurement equivalence of an extant EI measure (Wong and Law Emotional Intelligence Scale [WLEIS]) across self and other ratings was tested. Using multiple group confirmatory factor analysis, the authors conducted …


The Effects Of Action, Normality, And Decision Carefulness On Anticipated Regret: Evidence For A Broad Mediating Role Of Decision Justifiability., Jochen Reb, Terry Connolly Dec 2010

The Effects Of Action, Normality, And Decision Carefulness On Anticipated Regret: Evidence For A Broad Mediating Role Of Decision Justifiability., Jochen Reb, Terry Connolly

Research Collection Lee Kong Chian School Of Business

Two distinct theoretical views explain the effects of action/inaction and social normality on anticipated regret. Norm theory (Kahneman & Miller, 1986) emphasises the role of decision mutability, the ease with which one can imagine having made a different choice. Decision justification theory (Connolly & Zeelenberg, 2002) highlights the role of decision justifiability, the perception that the choice was made on a defensible basis, supported by convincing arguments or using a thoughtful, comprehensive decision process. The present paper tests several contrasting predictions from the two theoretical approaches in a series of four studies. Study 1 replicated earlier findings showing greater anticipated …


Private Banking In Asia: Going Beyond Trust And Confidence, Knowledge@Smu Nov 2010

Private Banking In Asia: Going Beyond Trust And Confidence, Knowledge@Smu

Knowledge@SMU

Asia's private banking industry is expected to expand in the near future, and all signs point to greater competition amongst existing markets and wealth management entities. The nature of the financial service, however, remains rather interpersonal. Private bankers work almost exclusively with sophisticated, high net worth individuals. Long term survival, for them, means sticking with high value clients over the long haul, over and above sticking it out with the institutes that back those financial services. What might this spell for the market? SMU's Ang Ser-Keng asked industry experts through a series of interviews.


Salvaging The Marriage Between A Distrusting Boss And His Fearful Employee, Knowledge@Smu Nov 2010

Salvaging The Marriage Between A Distrusting Boss And His Fearful Employee, Knowledge@Smu

Knowledge@SMU

Will empowering employees to manage their own careers bring about better job performance or will a more permissive environment lead to abuses? Dale Simpson, managing director of a human resources consultancy, leans towards the former, but he knows that most employers would rather hold on to the reins. After all, most employer-employee relationships today are premised on distrust – starting with the signing of a contractual agreement that holds each party legally liable for non-compliance. He believes, however, that employers can reap great benefits when they think of their relationship with employees as a 'marriage', bound not only by law, …


Keys To Better Capitalism And Human Welfare: Entrepreneurship, Knowledge@Smu Nov 2010

Keys To Better Capitalism And Human Welfare: Entrepreneurship, Knowledge@Smu

Knowledge@SMU

The word “entrepreneurship”, despite its universal prevalence today, was a relatively new term that entered common lexicon only a few decades ago. Yet, there is no denying the role that entrepreneurs play in creating wealth, not merely for themselves, but also opportunities and welfare for large swathes of the populace, benefitting the overall economy. At a recent talk, Carl J. Schramm, president and CEO of the Kaufmann Foundation, reinforces the case for entrepreneurship and debunks some common views on who “entrepreneurs” are.


Managing Social Media: An Exercise In Managing Organisations, Knowledge@Smu Nov 2010

Managing Social Media: An Exercise In Managing Organisations, Knowledge@Smu

Knowledge@SMU

Managing corporate reputation used to be an exercise in managing information flow and building relationships with the media power brokers. But in the world of social media, where just about anybody has the power and ability to produce and publish instantaneously, the very idea of controlling information and public sentiment may seem more like an exercise in futility. Unlike traditional media, there are no professional codes of conduct ruling over online comments, tweets or blog posts. Anything goes! The task is made even trickier with the need to manage senior business leaders who, brought up in a different era, may …


Redefining The Library In The Age Of Google And Wikipedia, Knowledge@Smu Nov 2010

Redefining The Library In The Age Of Google And Wikipedia, Knowledge@Smu

Knowledge@SMU

There used to be a time where people would visit the library and shuffle between books in search for information. Back then, successful library vists hinged considerably on luck – if the book is available; if it can be located in the spot that corresponds to its call number; and if, once found, the book actually contained information relevant to what one might be looking for. Today, Google can tell us if a book is available at our library. Better yet, it can throw up thousands of search results to our query, thus saving us a trip to the library.


Assessing Value Creation And Value Capture In Digital Business Ecosystems, Ravi S. Sharma, Francis Pereira, Narayan Ramasubbu, Margaret Tan, F. Ted Tschang Nov 2010

Assessing Value Creation And Value Capture In Digital Business Ecosystems, Ravi S. Sharma, Francis Pereira, Narayan Ramasubbu, Margaret Tan, F. Ted Tschang

Research Collection Lee Kong Chian School of Business

Interest in business modeling of technology enterprises – the activity of designing the architecture for revenues, costs, products and/or services delivery and the overall value of an enterprise – has risen to prominence with the global crossing of the Internet chasm. However, as several studies have pointed out (c.f., Osterwalder, Pigneur & Tucci, 2005; Teece 2010; Zott & Amit, 2010), the investigations of business models and their fit with the strategy of an enterprise, have received little scholarly attention. In this article we formulate a framework, called ADVISOR, for modeling the business strategies of enterprises in the Interactive Digital Media …


Do Abnormally High Audit Fees Impair Audit Quality?, Jong-Hag Choi, Jeong-Bon Kim, Yoonseok Zang Nov 2010

Do Abnormally High Audit Fees Impair Audit Quality?, Jong-Hag Choi, Jeong-Bon Kim, Yoonseok Zang

Research Collection School Of Accountancy

This study examines whether and how audit quality proxied by the magnitude of absolute discretionary accruals is associated with abnormal audit fees, that is, the difference between actual audit fee and the expected, normal level of audit fee. The results of various regressions reveal that the association between the two is asymmetric, depending on the sign of the abnormal audit fee. For observations with negative abnormal audit fees, there is no significant association between audit quality and abnormal audit fee. In contrast, abnormal audit fees are negatively associated with audit quality for observations with positive abnormal audit fees. Our findings …


Would Position Limits Have Made Any Difference To The 'Flash Crash' On May 6, 2010, Wing Bernard Lee, Shih-Fen Cheng, Annie Koh Nov 2010

Would Position Limits Have Made Any Difference To The 'Flash Crash' On May 6, 2010, Wing Bernard Lee, Shih-Fen Cheng, Annie Koh

Research Collection School Of Computing and Information Systems

On May 6, 2010, the US equity markets experienced a brief but highly unusual drop in prices across a number of stocks and indices. The Dow Jones Industrial Average (DJIA) fell by approximately 9% in a matter of minutes, and several stocks were traded down sharply before recovering a short time later. Earlier research by Lee, Cheng and Koh (2010) identified the conditions under which a “flash crash” can be triggered by systematic traders running highly similar trading strategies, especially when they are “crowding out” other liquidity providers in the market. The authors contend that the events of May 6, …


The Impact Of Firm Strategy And Foreign Ownership On Executive Bonus Compensation In Japanese Firms, Toru Yoshikawa, Abdul A. Rasheed, Esther B. Del Brio Nov 2010

The Impact Of Firm Strategy And Foreign Ownership On Executive Bonus Compensation In Japanese Firms, Toru Yoshikawa, Abdul A. Rasheed, Esther B. Del Brio

Research Collection Lee Kong Chian School Of Business

Building on information-processing perspectives and the Japanese contextual factors, this study investigates the relationships between firm strategy and executive bonus pay as well as the moderating role of foreign ownership on the strategy–compensation relationship in Japanese firms. We focus on R&D investment and product diversification as strategy variables and investigate their direct effects on executive bonus pay. Further, we examine the moderating effects of foreign ownership on the strategy–pay sensitivity. The results, based on a sample of the 148 largest industrial firms in Japan for the 1990–1997 period, show that both R&D investment and product diversification are positively related to …


A Daily Investigation Of The Role Of Manager Empathy On Employee Well-Being, Brent A. Scott, Jason A. Colquitt, E. Layne Paddock, Timothy A. Judge Nov 2010

A Daily Investigation Of The Role Of Manager Empathy On Employee Well-Being, Brent A. Scott, Jason A. Colquitt, E. Layne Paddock, Timothy A. Judge

Research Collection Lee Kong Chian School Of Business

In a daily diary study, the authors investigated the top-down influence of manager empathy on a process model of employee well-being. Sixty employees supervised by one of 13 managers completed a daily survey for 2 weeks, producing a total of 436 observations. Hierarchical linear modeling results revealed that, at the daily level, employees who reported somatic complaints made less progress on their goals and felt lower levels of positive affect and higher levels of negative affect. At the group level, cross-level main and interactive effects of manager empathy were observed, such that groups of employees with empathic managers experienced lower …


Stock Return Synchronicity And Technical Trading Rules, Koon Boon Kee Nov 2010

Stock Return Synchronicity And Technical Trading Rules, Koon Boon Kee

Research Collection School Of Accountancy

No abstract provided.


Comments On Ed Deferred Tax: Recovery Of Underlying Assets, Pearl Tan Nov 2010

Comments On Ed Deferred Tax: Recovery Of Underlying Assets, Pearl Tan

Research Collection School Of Accountancy

No abstract provided.


Do Foreign Institutions Improve Stock Liquity?, Chi Shen Wei Nov 2010

Do Foreign Institutions Improve Stock Liquity?, Chi Shen Wei

Research Collection Lee Kong Chian School Of Business

This paper examines whether capital flows by foreign institutions improve liquidity in domestic markets. I find that stocks with increased foreign institutional ownership subsequently experience higher liquidity. However, it is difficult to interpret this evidence as a causal relation because institutions tend to self-select into more liquid stocks. To solve this problem, I exploit the 2003 US dividend tax cut as a natural experiment. The results from a 2SLS (IV) regression confirm that liquidity improved more in dividend-paying stocks located in US tax-treaty countries compared to similar stocks located in non-treaty countries. These patterns are consistent with the notion that …


Admission Systems To Dental School In Europe: A Closer Look At Flanders, Tine Buyse, Filip Lievens, L. Martens Nov 2010

Admission Systems To Dental School In Europe: A Closer Look At Flanders, Tine Buyse, Filip Lievens, L. Martens

Research Collection Lee Kong Chian School Of Business

Dental education in Europe faces enormous challenges. One deals with the admission to dental school. Although admission procedures vary considerably across Europe, a characteristic of some systems is that the same procedure is used across students who will ultimately pursue different majors (medical or dental). This is based on the assumptions that there is no significant difference in these students' scores and that the requirements for medicine and dentistry are equal. This study examines these assumptions in the admission exam 'Medical and Dental Studies' in Flanders. Students who pass may choose whether they start medical or dental education. Over an …


International Business Travel In The Global Economy, J.V. Beaverstock, B. Derudder, J. Faulconbridge, F. Witlox (Eds.), Terence Ping Ching Fan Nov 2010

International Business Travel In The Global Economy, J.V. Beaverstock, B. Derudder, J. Faulconbridge, F. Witlox (Eds.), Terence Ping Ching Fan

Research Collection Lee Kong Chian School Of Business

Business travel accounts for a disproportionately large share of revenue and profit to transport service providers, and is therefore an important topic. However, few studies on international travels focus squarely on business travellers because these individuals are inherently difficult to identify: they do not always travel in business cabins (p. 79) and it is increasingly difficult to quantify the duration and function of business trips as travellers build in extra time to allow for flight delays or for other leisure activities (p. 69). Scholars of transport studies, especially air transport specialists, geographers, sociologists, and to a lesser extent, marketers of …