Digital Commons Network^™

To Change Or Not To Change: How Regulatory Focus Affects Change In Dyadic Decision-Making, Jelena Spanjol, Leona Tam

Leona Tam

Successful innovation requires teams to embrace and enact change. However, team members often differ in their preferences for change. We examine how regulatory focus affects dyadic teams’ tendencies to enact change across an array of repeated brand management decisions. Understanding such tendencies is important, since the innovation process is characterized by a series of investment decisions typically made by teams, yet prone to significant biases. Regulatory focus theory provides a framework for understanding the dominant motivations driving decision-making during goal pursuit. It argues that individuals operate under either a promotion or prevention focus, influencing preferences for stability vs. change. We …

Defining The 'Social' In 'Social Entrepreneurship': Altruism And Entrepreneurship, Wee Liang Tan, John N. Williams, Teck Meng Tan

John N. WILLIAMS

What is social entrepreneurship? In, particular, what’s so social about it? Understanding what social entrepreneurship is enables researchers to study the phenomenon and policy-makers to design measures to encourage it. However, such an understanding is lacking partly because there is no universally accepted definition of entrepreneurship as yet. In this paper, we suggest a definition of social entrepreneurship that intuitively accords with what is generally accepted as entrepreneurship and that captures the way in which entrepreneurship may be altruistic. Based on this we provide a taxonomy of social entrepreneurship and identify a number of real cases from Asia illustrating the …

What Is The Social In Social Entrepreneurship?, Wee Liang Tan, John Williams, Teck Meng Tan

John N. WILLIAMS

No abstract provided.

Third Party Access And Refusal To Deal In European Energy Networks: How Sector Regulation And Competition Law Meet Each Other, Michael Diathesopoulos

Michael Diathesopoulos

In this paper, we will analyse the issue of concurrence between competition and sector rules and the relation between parallel concepts within the two different legal frameworks. We will firstly examine Third Party Access in relation to essential facilities doctrine and refusal of access and we will identify the common points and objectives of these concepts and the extent to which they provide a context to each other’s implementation. Second, we will focus on how Commission uses sector regulation and objectives as a context within the process of implementation of competition law in the energy sector and third, we will …

Tourism Growth In Singapore: An Optimal Target, Habibullah Khan, Sock-Yong Phang, Rex S. Toh

PHANG Sock Yong

No abstract provided.

The Singapore Model Of Housing And The Welfare State, Sock Yong Phang

PHANG Sock Yong

While Singapore is not generally regarded as a welfare state, the provision of housing welfare on a large scale has been a defining feature of its welfare system. The extensive housing system has played a useful role in raising savings and homeownership rates as well as contributing to sustained economic growth in general and development of the housing sector in particular. Few would dispute the description of Singapore’s housing policies as 'phenomenally successful' (Ramesh, 2003). Singapore’s economic growth record in the past four decades has brought it from third world to first world status (Lee, 2000), with homeownership widespread at …

Bank Lending And Real Estate In Asia: Market Optimism And Asset Bubbles, Winston T. H. Koh, Roberto S. Mariano, Andrey Pavlov, Sock-Yong Phang, Augustine H. H. Tan, Susan M. Wachter

PHANG Sock Yong

This paper investigates the Asian real estate price run-up and collapse in the 1990s. We identify financial intermediaries’ underpricing of the put option imbedded in non-recourse mortgage loans as a potential cause for the observed price behavior. This underpricing is due to behavioral causes (lender optimism and disaster myopia) and/or rational response of lenders to market incentives (agency conflicts, deposit insurance, or limited liability of bank shareholders). The empirical evidence suggests that underpricing occurred in Thailand, Malaysia, and Indonesia. Consequently, these countries experienced a more severe market crash than Hong Kong and Singapore, where underpricing was kept under control by …

The Multiplier Effect: Singapore's Hospitality Industry, Habibullah Khan, Sock-Yong Phang, Rex S. Toh

PHANG Sock Yong

Tourism's contribution to Singapore's economy has increased over time. Tourism contributed 11.9% to Singapore's GDP in 1992, about half of that from direct revenues. Indirect and induced sources contributed about equally to the other half. While the direct effect of tourist expenditures on the Singapore economy are predominant, the indirect and induced effects are also significant, indicating strong sectoral linkages within the local economy, especially with respect to the hospitality industry.

On-Line Discovery Of Hot Motion Paths, Dimitris Sacharidis, Kostas Patroumpas, Manolis Terrovitis, Verena Kantere, Michalis Potamias, Kyriakos Mouratidis, Timos Sellis

Kyriakos MOURATIDIS

We consider an environment of numerous moving objects, equipped with location-sensing devices and capable of communicating with a central coordinator. In this setting, we investigate the problem of maintaining hot motion paths, i.e., routes frequently followed by multiple objects over the recent past. Motion paths approximate portions of objects' movement within a tolerance margin that depends on the uncertainty inherent in positional measurements. Discovery of hot motion paths is important to applications requiring classification/profiling based on monitored movement patterns, such as targeted advertising, resource allocation, etc. To achieve this goal, we delegate part of the path extraction process to objects, …

Evaluation Of Hedging Techniques As Instruments To Minimise The Impact Of Transaction And Translation Risks In Global Business Market, George E. Ekeha

George E Ekeha

The current global economic development has made it possible for corporate executives to operate anywhere they wish over the world. This opportunity, however, depends on the need and strategy of the company concern. Some companies go into the global market in order to exploit an opportunity that has been identified. Others go global as a market expansion strategy. Others may be due to the fact that the company has reached the maturity stage in its local market, they would have no choice than to go global in order to be in business.

Companies have many choices by which they can …

Genios Eclipsados, Guillermo Arosemena

Guillermo Arosemena

No abstract provided.

Socially Innovative And Commercially Viable: Partners Or Prisoners Of Future Business Developments, Patrick M. Dawson, Trevor A. Spedding, Michael D. Clements, Lisa Daniel

Trevor Spedding

There is a growing need for supply chain partners to work together in improving their performance and systems of operation. New information and communication technologies can be used to improve operations and facilitate the building of closer relationships, but they can also serve to undermine relations and create tensions. RFID represents the first major improvement traceability technology that potentially supersedes barcodes and our study seeks to develop a simulation model that moves beyond a purely technical analysis, towards an assessment that is able to accommodate the social and cultural dimensions in providing a dynamic roadmap for change.

How Accurate Is The Statement That “The Dividend Policy Of A Firm Is Irrelevant”., George E. Ekeha

George E Ekeha

Various studies suggest that the question of whether dividend policy affects the value of the firm has puzzled researchers and corporate managers for many years. It is evidence that dividend policy is one of the most widely researched topics in finance. Yet, researchers have different views about whether the percentage of earnings that a firm pays out in dividends materially affects its long-term share price, Dempsey et al, (1993). This essay tried to identify the various studies on the dividend puzzle. It is outlined in this essay that dividend payment by corporate organisations is influenced by various factors. Some of …

The Effectiveness Of Virtual R&D Teams In Smes: Experiences Of Malaysian Smes, Nader Ale Ebrahim, Shamsuddin Ahmed, Salwa Hanim Abdul Rashid, Zahari Taha

Nader Ale Ebrahim

The number of small and medium enterprises (SMEs), especially those involved with research and development (R&D) programs and employed virtual teams to create the greatest competitive advantage from limited labor are increasing. Global and localized virtual R&D teams are believed to have a high potential for SMEs growth. Due to the fast growing complexity of the new product, coupled with new emerging opportunities of virtual teams, a collaborative approach is believed to be the future trend. This research explores the effectiveness of virtuality in SMEs virtual R&D teams. An online questionnaire emailed to Malaysian manufacturing SMEs and 74 usable questionnaires …

International Trade And Social Welfare: The New Agenda (Remarks), Lance A. Compa

Lance A Compa

This document is a transcript of Professor Lance Compa’s remarks at the January 7, 1995 meeting of the Section on International Law of the American Association of Law Schools.

[Excerpt] The fact that the International Law Section put this topic on its agenda at this annual meeting is an indication that the "linkage" between labor rights and international trade is an idea whose time has come. I don't want to overstate its novelty. There's a certain cycle to this dynamic, and in fact the post-World War II period and the early years of the GATT saw a flurry of interest …

Virtual R&D Teams: A Potential Growth Of Education-Industry Collaboration, Nader Ale Ebrahim, Shamsuddin Ahmed, Salwa Hanim Abdul Rashid, Zahari Taha

Nader Ale Ebrahim

In this paper, we present our more than two years research experiences on virtual R&D teams in small and medium-sized enterprises (SMEs) and draws conclusions, giving special attention to the structure of virtual teams required to support education-industry collaboration. We report the relevant results of an online survey study. The online questionnaire was emailed by using a simple random sampling method to 947 manufacturing SMEs. The findings of this study show that SMEs in Malaysia and Iran are willing to use virtual teams for collaboration and the platform for industry-education collaboration is ready and distance between team members or differences …

Investigating The Roles, Responsibilities And Practices Of Portfolio Managers In Australia: A Literature Review And Research Outline, Aileen Koh

Aileen Koh

Project Portfolio Management (PPM) is increasingly adopted by organizations in Australia. In order to select, prioritize and monitor simultaneous on-going projects with limited resources, there is a need for PPM to optimize investment by utilising a PPM governance structure to deal with constant change and focus on achievement of organizational strategy. This is particularly relevant in order to build on national and global recovery. PPM, due to its ambiguity and complexity, brings a great challenge for the portfolio manager to manage its processes, people and practices. However, literature indicates that PPM practices vary and need to be adapted to organizational …

Dominio De Las Teorías Económicas, Guillermo Arosemena

Guillermo Arosemena

No abstract provided.

Ict Implementation Barriers And Organizational Issues In Islamic-Based Higher Education Institution: The Case Of Syarif Hidayatullah State Islamic University (Uin) Jakarta, Muhammad Qomarul Huda, Husnyati Hussin

mqomarul@gmail.com

Nowadays, most Higher Education Institutions (HEI) rely on Information and Communication Technology (ICT) for all aspects of their activities such as administration, teaching, learning and research services. Even though the adoption of ICT in higher education has been extensive since mid 1990s, it has failed to produce the radical changes in learning and teaching. While many studies have been conducted on ICT usage in higher education especially in the developed countries, similar studies in the context of Islamic-based higher education institution (IHEI) are scarce. IHEI are unique institutions because its mission and vision are based on Islamic teachings and values. …

Le Défi Chinois, Karl P. Sauvant, Ken Davies

Karl P. Sauvant

Karl P. Sauvant and Ken Davies, “Le défi Chinois,” op. ed. published by Project Syndicate on 2 December 2010.

The Ethics Of Tax Evasion: A Quantitative Study Of French Bba Students, Dylan Kissane, Yuriy Barabantsev

Dylan Kissane

The subject of ethical action in business has taken on special significance in recent years. With the business world rocked by ethical lapses and associated scandals at Enron, WorldCom and Tyco in the early part of the decade and then, in a time of global financial crisis, stunned again by multi-billion dollar frauds such as that at Société Générale, there is a new push to study the ethical and unethical behaviour of business people and future business people. While business schools have long been lauded for their preparation of students for the rigours of the world of business, finance and …

Preocupante Endeudamiento Público Global, Guillermo Arosemena

Guillermo Arosemena

No abstract provided.

Guide To Derivatives And Structured Products, Yogendra Sisodia

Yogendra Sisodia

Derivatives and structured products. Market Manipulation by primary dealers. Orissa high court against primary dealers. OTC derivatives and ISDA Master Agreement.

Building The Cross-Culture Communication Model In The Multinational Companies Is Necessary As The Second Step, Yan Liang

Yan LIANG

As soon as the right attitude on new culture has been founded, how we can do to make one well understood by the other in the cross-cultural environment? The most effective method is to build the bridges in various levels and various forms so that the employees are able to express their own opinion freely and conveniently.

Include, Invest, Inspire, Effenus Henderson

Effenus Henderson

Equal Opportunity Banquet, Urban League of Nebraska, Remarks by Effenus Henderson

Pengelolaan Perbatasan Ditinjau Dari Sisi Sosial, Ekonomi Dan Ekologi, Dr. Zulkifli Rangkuti

Zulkifli Rangkuti

No abstract provided.

Liability For Misstatement In Prospectus In India: Where To Stop?, Manendra Singh

Manendra Singh, Solicitor & Advocate, India (Mumbai)

The article is intended to highlight the securities law and deals with the liability for misstatement in prospectus. It helps in identifying people who could be held liable and to what extent the liability extends. It also provides an insight for the defences available to an accused. The article basically deals with the Indian law but also touches upon the necessary issues under USA and UK law and thus helps in drawing a comparison between these countries' laws for the same.

Memorandum On Design-Oriented Information Systems Research, Hubert Oesterle, Joerg Becker, Ulrich Frank, Thomas Hess, Dimitris Karagiannis, Helmut Krcmar, Peter Loos, Peter Mertens, Andreas Oberweis, Elmar J. Sinz

Hubert Oesterle

Information Systems Research (Wirtschaftsinformatik) basically follows two research approaches: the behavioristic approach and the design-oriented approach. In this memorandum, 10 authors propose principles of design-oriented information systems research. Moreover, the memorandum is supported by 111 full professors from the German-speaking scientific community, who with their signature advocate the principles specified therein.

Modeling Longitudinal Data Using A Pair-Copula Decomposition Of Serial Dependence, Michael S. Smith, Aleksey Min, Carlos Almeida, Claudia Czado

Michael Stanley Smith

Copulas have proven to be very successful tools for the flexible modelling of cross-sectional dependence. In this paper we express the dependence structure of continuous-valued time series data using a sequence of bivariate copulas. This corresponds to a type of decomposition recently called a ‘vine’ in the graphical models literature, where each copula is entitled a ‘pair-copula’. We propose a Bayesian approach for the estimation of this dependence structure for longitudinal data. Bayesian selection ideas are used to identify any independence pair-copulas, with the end result being a parsimonious representation of a time-inhomogeneous Markov process of varying order. Estimates are …

Lucro: ¿Pecado O Bendición?, Guillermo Arosemena

Guillermo Arosemena

No abstract provided.