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Singapore Management University

Dissertations and Theses Collection (Open Access)

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Full-Text Articles in Social and Behavioral Sciences

A Study On The Mechanisms Of Shareholders’ Equity Adjustment In Bankruptcy Reorganization Of Listed Companies, Yongliang Zhang Sep 2022

A Study On The Mechanisms Of Shareholders’ Equity Adjustment In Bankruptcy Reorganization Of Listed Companies, Yongliang Zhang

Dissertations and Theses Collection (Open Access)

In recent years, amid cyclical macroeconomic fluctuations, national economic slowdown, economic restructuring, and over-expansion of some enterprises, a number of listed companies have faced serious debt and operational challenges, many of which are worthy of keeping afloat. From June 1, 2007 when the Enterprise Bankruptcy Law of the People’s Republic of China came into effect, up to the end of 2021, a total of 93 listed companies in China have gone through bankruptcy reorganization, one of the major means to save the listed companies in distress.

The bankruptcy reorganization of listed companies, by its nature, is a process of game …


Socioeconomic Status And Pro-Environmentalism: The Role Of Time Perspective, Tok Qian Hui Tricia Sep 2022

Socioeconomic Status And Pro-Environmentalism: The Role Of Time Perspective, Tok Qian Hui Tricia

Dissertations and Theses Collection (Open Access)

Human actions have caused unprecedented environmental problems, from air and water pollution to climate change. Understanding the demographic influences and psychological antecedents that can motivate more pro-environmentalism (PEV) in individuals could therefore aid in tackling these challenges. The present research aimed to uncover the role that time perspective plays in explaining PEV choices among those of specific socioeconomic contexts. In Study 1, parallel mediation analyses of correlational data (N = 301) found that higher subjective socioeconomic status (SES) was associated with a future time perspective, which in turn positively influenced stronger citizenship and personal intentions to act on climate …


Power Allocation And Reform Efficiency: The Distortions In Urban Renovations In China, 1992-2012, Gang He Aug 2022

Power Allocation And Reform Efficiency: The Distortions In Urban Renovations In China, 1992-2012, Gang He

Dissertations and Theses Collection (Open Access)

The world has been paying close attention to the achievements of China's industrialization and urbanization since it started reform and opening up in 1978. However, there have been considerable controversies about the repetitive development plans in major Chinese cities and the rough demolition and reconstruction in old urban areas. Systematic explanations for the underlying causes and in-depth studies are limited, especially on the division of powers, responsibilities, and interests between the government and the market especially from 1992 to 2012, when old city reconstruction swept across China. This paper focuses on the temporal and regional differences in land property rights …


The Impact Of Innovation On The Performance Of Chinese Listed Companies, Shaoying Luo Aug 2022

The Impact Of Innovation On The Performance Of Chinese Listed Companies, Shaoying Luo

Dissertations and Theses Collection (Open Access)

Company innovation has significant consequences for the macroeconomic development of the nation as well as serving as a guide for the creation of innovation strategies at the micro level of enterprises. But because the mechanism linking R&D inputs to firm success has not been completely explored, findings for various samples and sample intervals have varied greatly. Therefore, using the data of listed companies in China from 2009 to 2017 as the research sample, this paper introduces mediating and moderating variables to empirically analyze the mediating effect of innovation output in the correlation between R&D input and firm performance and the …


Key Factors In The Strategic Transformation Of Traditional Food Enterprises In China, Hui Ching Lau Aug 2022

Key Factors In The Strategic Transformation Of Traditional Food Enterprises In China, Hui Ching Lau

Dissertations and Theses Collection (Open Access)

The food industry is an important industry for China’s social development and one of the pillar industries of China's industrial economy. With the development of China’s urbanization, the victory of building a moderately prosperous society in all respects, and the continuous improvement of people’s living standards, consumer demand has become diversified and rationalized from “seeking for fullness” to “seeking for good”. In this context, the supplier of food products, that is, food companies, has become more competitive in market segments. With the continuous improvement of China's market openness, many top international food companies have flooded into the food industry. Coupled …


A Study On The Role Of Innovative Enterprise-Farmer Contracts In The Sustainable Development Of Agricultural Industrialization - A Perspective Based On Ghm Theroy, Yanjie Wu Aug 2022

A Study On The Role Of Innovative Enterprise-Farmer Contracts In The Sustainable Development Of Agricultural Industrialization - A Perspective Based On Ghm Theroy, Yanjie Wu

Dissertations and Theses Collection (Open Access)

Agricultural industrialization is the primary channel to promote large-scale agricultural production, intensive processing, and marketing, enhancing agricultural production efficiency. In the long run, promoting agricultural industrialization is conducive to the deep integration of primary, secondary, and tertiary industries. It can improve the comparative efficiency of agriculture and reduce poverty by promoting the employment of agricultural labor and the flow of production factors between urban and rural areas. The model of “leading enterprises+farmers” is a significant agricultural industrialization business model. In China, the development of agricultural industrialization is late and fast, and more problems have emerged in the development. The contractual …


The Impact Of Line (Brand) Extension Strategies On Competition And In-Store Operational Performance In The China E-Commerce Environment, Er-Yung Stephen Chu Aug 2022

The Impact Of Line (Brand) Extension Strategies On Competition And In-Store Operational Performance In The China E-Commerce Environment, Er-Yung Stephen Chu

Dissertations and Theses Collection (Open Access)

Line (brand) extension activity in the western markets may have tempered during the last decade, and most of the academic research that has been done is based on traditional brick and mortar stores. With the rise of e-commerce, line extension became a growth tool for brands. The study starts with the classification of line extension strategic types, which gives different tiers of Chinese e-commerce firms a good reference, especially in the rapidly changing e-commerce environment. It also seeks to give guidance for different aspects of launching new line extensions. Using this guidance, future brands can make better estimations of brand …


The Role Of Age And Time Horizon In Affect–Meaning Relations, Jun Sheng Keh Jul 2022

The Role Of Age And Time Horizon In Affect–Meaning Relations, Jun Sheng Keh

Dissertations and Theses Collection (Open Access)

Extant research has demonstrated robust positive relations between positive affect (PA) and meaning, although the strength of this relationship has been found to vary as a function of both chronological age and time horizon (Hicks et al., 2012). This can be explained by the Socioemotional Selectivity Theory (SST), which posits that both older adults and those with a limited time horizon (i.e., perceive less remaining in life) tend to focus on emotional goals over knowledge goals. In the current paper, I sought to extend SST’s findings to the level of activities by examining how chronological age, time horizon (both existing …


Externalities In The Housing Market And Agglomeration Economies, Yifan Wu Jul 2022

Externalities In The Housing Market And Agglomeration Economies, Yifan Wu

Dissertations and Theses Collection (Open Access)

This thesis studies the externalities in the housing market and agglomeration economies. While knowledge-based externalities, or knowledge spillovers are one of the most important micro-foundations of agglomeration economies, the first chapter studies how knowledge spillovers from universities affect local innovation activities. In the second chapter, we propose a high-order spatiotemporal autoregression approach to study the externalities in the housing market. The third chapter studies another important but under explored aspect of the agglomeration economies – the role that marriage market plays in providing incentives to promote urbanization, along with the unique feminization phenomenon during this process.

The first chapter studies …


Regulating Behavioral Spillovers: Regulatory Focus Moderates The Link Between Perceived Goal Progress And Engagement In Subsequent Behaviors, Tengjiao Huang Jul 2022

Regulating Behavioral Spillovers: Regulatory Focus Moderates The Link Between Perceived Goal Progress And Engagement In Subsequent Behaviors, Tengjiao Huang

Dissertations and Theses Collection (Open Access)

Behavioral spillover occurs when performing an initial behavior increases the likelihood of performing a subsequent behavior (positive spillover) or decreases this likelihood (negative spillover). The current research focuses on negative spillovers of pro-environmental behaviors (PEB), which has the implication of limiting individuals’ environmental conservation efforts. To offer insights, three studies sought to explicate how and for whom negative spillovers would occur. I theorized that prior behaviors would negatively predict subsequent behaviors via greater perceived goal progress and that this negative association between perceived goal progress and subsequent engagement would be more pronounced for people with a strong (vs. weak) promotion …


Battling Self-Esteem Issues During Sns Use: A Multilevel Latent Variable Path Analysis Approach, Shi Ann Shuna Khoo Jul 2022

Battling Self-Esteem Issues During Sns Use: A Multilevel Latent Variable Path Analysis Approach, Shi Ann Shuna Khoo

Dissertations and Theses Collection (Open Access)

Although studies have consistently indicated that heavier social networking sites (SNS) use perpetuates poorer self‑esteem outcomes, no study has examined potential intervention methods that can counteract the ill-effects of SNS use. We sought to examine whether SNS use in a self-affirmative manner could mitigate threats to self that are often experienced during its use. Specifically, we hypothesized that the viewing of one’s SNS profile (i.e., Instagram profile) would have self-affirmative effects on individuals and improve their self-perception, and these effects are mediated by self‑concept clarity. We tested these hypotheses through cross-sectional (Study 1) and intensive longitudinal (Study 2) studies. Across …


The Influence Of Parental Psychological Control On Offspring Anxiety Symptomatology: A Cognitive Model, Yu Ping Wong Jul 2022

The Influence Of Parental Psychological Control On Offspring Anxiety Symptomatology: A Cognitive Model, Yu Ping Wong

Dissertations and Theses Collection (Open Access)

Parental control has often been purported to be a risk factor for offspring anxiety. Recent studies however, identify that a particular dimension of control - parental psychological control - is an especially important contributor to anxiety. However, the mechanisms behind this relationship remain unknown. Thus, in this study, we seek to bridge this gap in the literature by examining whether a cognitive mechanism underlies this relationship. Drawing on Beck's model of emotional disorders, we propose that control- related beliefs and negative automatic thoughts would serially mediate the influence of psychological control on anxiety symptoms. Moreover, we sought to examine the …


Essays On Long Memory Time Series And Panel Models, Shuyao Ke Jun 2022

Essays On Long Memory Time Series And Panel Models, Shuyao Ke

Dissertations and Theses Collection (Open Access)

This dissertation studies different long memory models. The first chapter considers a time series regression model where both the regressors and error term are locally stationary long memory processes with time-varying memory parameters, and the regression coefficients are also allowed to be time-varying. We consider a frequency-domain least squares estimator with kernelized discrete Fourier transform and derive its pointwise asymptotic normality and uniform consistency. A specification test on the constancy of coefficients is provided. The second chapter studies a linear regression panel data model with interactive fixed effects where the regressors, factors and idiosyncratic error terms are all stationary but …


Essays On Social Choice And Implementation Theory, Paulo Daniel Salles Ramos Jun 2022

Essays On Social Choice And Implementation Theory, Paulo Daniel Salles Ramos

Dissertations and Theses Collection (Open Access)

We present here three essays. The first two are about Social Choice Theory and explore under what domain restrictions is possible to obtain a Social Choice Function that is Well Behaved as well as Monotonic, and what other characteristics can be inferred about such functions on that domain. The last essay is about Implementation Theory and explore how to obtain a more compelling form of implementation than pure Nash Equilibrium for finite environments using finite mechanisms.


Spatial Panel Data Models: Unbalanced Panel, Threshold Effect And Network Structure, Xiaoyu Meng Jun 2022

Spatial Panel Data Models: Unbalanced Panel, Threshold Effect And Network Structure, Xiaoyu Meng

Dissertations and Theses Collection (Open Access)

This thesis studies the estimation and inference problems for spatial panel data models when the panels are unbalanced, when the panels contain threshold effects, or when the panels contain time-varying network structures. These three scenarios divide the thesis naturally into three chapters.

The first chapter considers estimation and inferences for fixed effects spatial panel data models based on unbalanced panels that result from randomly missing spatial units. The unbalanced nature of the panel data renders the standard method of estimation inapplicable. In this chapter, we proposed an M-estimation method where the estimating functions are obtained by adjusting the concentrated quasi …


Under What Circumstances Are Chinese Entrepreneurs Reluctant To Go Public, Ting Huang Jun 2022

Under What Circumstances Are Chinese Entrepreneurs Reluctant To Go Public, Ting Huang

Dissertations and Theses Collection (Open Access)

As secondary stock markets often overestimate corporate value, many Chinese entrepreneurs seek to achieve their wealth targets by going public. However, some companies in China do not want to go public. This paper utilises multi-case research methods to develop theories about which factors lead to corporate reluctance to go public. Case studies show that compared with entrepreneurs with lower shareholdings, entrepreneurs with higher shareholdings have stronger long-term orientations and a greater desire for control and are more reluctant to go public. Industry characteristics affect entrepreneurs’ long-term orientation, desire for control, and early listing experience, thus influencing their listing decision-making. Empirical …


Effects Of Positive Reappraisal And Self-Distancing On Meaning-Making In Negative Experiences, Yong Hao Clement Lau Jun 2022

Effects Of Positive Reappraisal And Self-Distancing On Meaning-Making In Negative Experiences, Yong Hao Clement Lau

Dissertations and Theses Collection (Open Access)

Scant research has investigated the impact of common daily adversities on one’s sense of meaning, and how one can cope and find meaning in these distressing events. Drawing on the meaning-making model and tripartite model of meaning, this study sought to examine how using a combination of coping strategies (i.e., positive reappraisal and self-distancing) can help individuals to derive greater situational meaning (i.e., meaning from the experience), greater global meaning (i.e., meaning in life)—across three facets (i.e., coherence, significance, and purpose). Specifically, it is proposed that the effects of positive reappraisal on promoting meaning would be enhanced by adopting a …


Three Essays On Development Economics And Human Capital, Arpita Khanna Jun 2022

Three Essays On Development Economics And Human Capital, Arpita Khanna

Dissertations and Theses Collection (Open Access)

In the first chapter, we estimate the impact of exposure to the 2015 Nepal Earthquake on intimate partner violence with two rounds of Demographic and Health Surveys data. Using differences-in-differences estimation, we find that exposure to the earthquake lead to a statistically and economically significant increase in intimate partner violence in the urban areas but not in the rural areas. This is possibly due to an increase in the stress felt by the victims. We also offer some evidence that the impact heterogeneity between the urban and rural areas is attributable to the differences in the reconstruction processes and assistance …


Bayesian And Machine Learning Methods With Applications In Asset Pricing, Yaohan Chen Jun 2022

Bayesian And Machine Learning Methods With Applications In Asset Pricing, Yaohan Chen

Dissertations and Theses Collection (Open Access)

The dissertation consists of three essays on asset pricing by constructing new data set and developing new methodologies. In the first chapter, we conduct empirical studies on the volatility-managed portfolios in the Chinese stock market. Using data from the Chinese stock market, we have found that the main empirical findings in Moreira and Muir (2017) break down. Based on the empirical findings, we exploit a comprehensive set of $99$ equity strategies in the Chinese stock market to analyze the value of managed portfolios. Based on these $99$ equity trading strategies, we find that there exists no systematic gain from scaling …


Dual Pathways To Burnout And Engagement: The Role Of Personal Goal Facilitation Through Work, Self-Discrepancy And Emotions, Bek Wuay Tang May 2022

Dual Pathways To Burnout And Engagement: The Role Of Personal Goal Facilitation Through Work, Self-Discrepancy And Emotions, Bek Wuay Tang

Dissertations and Theses Collection (Open Access)

According to the job-person fit framework, workplace burnout is often exacerbated by mismatches between the characteristics of the employee and the organization. Consistent with this view, past research has found that employees who perceive low personal goal facilitation through work (PGFW) report higher levels of burnout. However, personal goals were often assessed nomothetically, based on the assumption that individuals across occupational groups share similar personal goals they would like to achieve through work. The current research took an idiographic approach by examining if PGFW assessed based on individuals’ uniquely defined personal goals would predict burnout and work engagement. In addition, …


Taking Health-Risks As A Short-Term Mating Strategy, Alvin Jun Jie Wong May 2022

Taking Health-Risks As A Short-Term Mating Strategy, Alvin Jun Jie Wong

Dissertations and Theses Collection (Open Access)

Diseases pose a recurring, and often indiscriminate threat to the health of individuals. However, there exists a wide range of behavioral responses between individuals when it comes to taking health precautions or undertaking risks in response to this perennial threat, with some responses seeming maladaptive to an individual’s survival. The present study adopts the lens of evolutionary psychology and suggests that taking health risks represent a short-term mating strategy in men, which potentially trades survival for reproductive fitness. Taking health risks is hypothesized to be an honest signal of both good genes and a strong physiological immune system, both of …


The Effects Of Counterfactual Thinking On Everyday Meaning, Wynn Tan May 2022

The Effects Of Counterfactual Thinking On Everyday Meaning, Wynn Tan

Dissertations and Theses Collection (Open Access)

Meaning-making literature largely focuses on predictors of global meaning rather than situational meaning. This is insufficient as both levels of meaning are necessary for a sustained sense of meaning. Past studies found evidence that downward counterfactuals can enhance the meaningfulness of events. However, those findings may be due to existing studies’ focus on major events and did not study how meaning could change over time. For everyday events, upward counterfactuals were proposed to be more apt in enhancing meaning. Using a multiphase diary study, this paper examined whether upward counterfactual thinking predicted event meaningfulness, and more specifically if it was …


Sorry, Locals Only: An Experimental Investigation Of The Affective, Behavioural, And Cognitive Consequences Of National Identity Denial, Nadyanna Binte Mohamed Majeed May 2022

Sorry, Locals Only: An Experimental Investigation Of The Affective, Behavioural, And Cognitive Consequences Of National Identity Denial, Nadyanna Binte Mohamed Majeed

Dissertations and Theses Collection (Open Access)

Existing literature shows that experiences of identity denial and questioning (IDQ) present two major consequences for racial minority groups: increased negative affect and behaviours to reassert one’s identity. The current thesis addresses two limitations in this literature—concerns about generalisability to non-US contexts, and potential consequences for cognitive functioning—by examining IDQ effects on individuals from distinct racial groups in Singapore. Through a correlational survey, Study 1 provided evidence for the incidence of IDQ in Singapore across the three racial groups, although IDQ reports were generally higher among racial minority groups (i.e., Malay and Indian) than the racial majority group (i.e., Chinese). …


Essays On International Trade, Shenxi Song May 2022

Essays On International Trade, Shenxi Song

Dissertations and Theses Collection (Open Access)

Reciprocity is a key principle governing the negotiations under the GATT/WTO agreement, which calls for a balance of concessions among the WTO members. In recent years, however, various politicians across the world have voiced concerns about their country's excessive obligations under the WTO and a lack of reciprocation by their trading partners. The objective in the first chapter is to evaluate the degree to which the pattern of applied tariffs across WTO members deviates from a balanced-concession condition. To this end, we employ a quantitative trade model and use alternative definitions of reciprocity (based on market access or welfare) to …


Organizational Factors That Facilitate Collective Social Entrepreneurship: An Exploratory Study, Kesarwani Nimisha Apr 2022

Organizational Factors That Facilitate Collective Social Entrepreneurship: An Exploratory Study, Kesarwani Nimisha

Dissertations and Theses Collection (Open Access)

This research aims to contribute to the literature on collective social entrepreneurship (CSE) by exploring and examining the organizational factors that facilitate and motivate participation in CSE. Data were collected through an interview with the founder of a cooperative, and a survey, wherein respondents presented their expectations of a collective, their motivation to join, and the resources they deem important.

It was found that organizational factors, initialled as RRSI (relevance, resources, likelihood of success and innovativeness) which if met, have a reasonable chance of attracting participation in organizations pursuing CSE. These organizational factors had different appeal to stakeholders, based on …


Information Acquisition And Market Friction, Bo Sang Apr 2022

Information Acquisition And Market Friction, Bo Sang

Dissertations and Theses Collection (Open Access)

My dissertation consists of three papers related to information diversity, acquisition, and asymmetry. One part of the dissertation explores the implications of interactions among different market participants and subsequent price efficiency in the stock market. The empirical findings indicate the information diversity between individuals and institutional investors, as well as an important channel for retail investors to obtain useful information – through insider filings. The remaining part investigates the information asymmetry between issuers and naive investors in the cryptocurrency market. In Chapter 2, I aggregate trading signals from hedge funds and retail investors, in order to examine their information diversity …


Innovation Strategies In Chinese Smes: An Examination Of The Role Of Family Ownership, And The Social Identity And Regulatory Focus Of Ceos, Tiejiong Fan Apr 2022

Innovation Strategies In Chinese Smes: An Examination Of The Role Of Family Ownership, And The Social Identity And Regulatory Focus Of Ceos, Tiejiong Fan

Dissertations and Theses Collection (Open Access)

Since the reform and opening up, China’s family enterprises have developed rapidly and some family enterprises have entered the period of intergenerational inheritance which may experience some organizational turbulence and face great uncertainty. Meanwhile, more and more CEOs of Chinese enterprises realize that innovation has become the driving force for the transformation and upgrading of SMEs. So, during the intergenerational inheritance and afterwards, whether CEOs of family enterprises make the same decision on innovation strategy as CEOs of non-family enterprises? Whether the second generation CEOs of family enterprises make the same decision on innovation strategy as the founders of family …


Developing Social Entrepreneurial Intention: An Intervention Study In Thailand, Kanyaporn Skutalakul Apr 2022

Developing Social Entrepreneurial Intention: An Intervention Study In Thailand, Kanyaporn Skutalakul

Dissertations and Theses Collection (Open Access)

Social entrepreneurs are key players that could potentially create new initiatives and long-term solutions for our world to sustain the predicted forthcoming crises of overconsumption. Our world needs both kinds of entrepreneurship, both social and business, to collaboratively stimulate growth in a more balanced manner; however, the creation of social entrepreneurs at a higher rate of success and diffusion remains a challenge. This research proposed a number of new antecedents of social entrepreneurial intention (SEI) that were suggested by an exploratory study. The research was conducted in the context of Thailand and was designed to investigate the effects of different …


Predicting Success And Failure Factors Of Thai Start-Ups: An Empirical Study Of Start-Up Success And Its Determinants In Thailand, Ajjaree Limpamont Apr 2022

Predicting Success And Failure Factors Of Thai Start-Ups: An Empirical Study Of Start-Up Success And Its Determinants In Thailand, Ajjaree Limpamont

Dissertations and Theses Collection (Open Access)

Innovation is crucial to economic growth in both developed and emerging countries across the world. Its benefits creates impact on individuals, corporate and government stakeholders in improving quality of lives, increasing income levels and boost up economics. While innovations are important, where, and how they are best conceived of, managed, executed, and brought to the society has been of great debate and has attracted a great deal of scholarly inquiry. There have been numerous research findings discussing the wisdom and impact of each of these pathways. While the business start-up is an effective organizational form for harnessing resources and creating …


Essays On Information Diffusion And Stock Market Efficiency & Analyst Style, Zuben Jin Apr 2022

Essays On Information Diffusion And Stock Market Efficiency & Analyst Style, Zuben Jin

Dissertations and Theses Collection (Open Access)

The dissertation consists of three chapters on information diffusion and stock market efficiency and analyst style. The first chapter examines the asset pricing implications of investors’ inattention to non-obvious firm relatedness hidden in earnings calls. This chapter documents that the overlap in attention allocation over various business aspects serves as a time-sensitive proxy for firm relatedness. By employing the unsupervised topic modelling methodology, I characterize the attention allocation of earnings conference call participants (executives, investors and analysts) over topics discussed. I construct a novel cross-firm topic similarity measure that captures difficultto-observe and time-varying firm relatedness compared with existing peer-firm classification …