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Singapore Management University

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2017

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Articles 481 - 508 of 508

Full-Text Articles in Social and Behavioral Sciences

Determining Individual Or Time Effects In Panel Data Models, Xun Lu, Liangjun Su Jan 2017

Determining Individual Or Time Effects In Panel Data Models, Xun Lu, Liangjun Su

Research Collection School Of Economics

In this paper we propose a jackknife method to determine individual and time e⁄ects in linear panel data models. We rst show that when both the serial and cross-sectional correlation among the idiosyncratic error terms are weak, our jackknife method can pick up the correct model with probability approaching one (w.p.a.1). In the presence of moderate or strong degree of serial correlation, we modify our jackknife criterion function and show that the modied jackknife method can also select the correct model w.p.a.1. We conduct Monte Carlo simulations to show that our new methods perform remarkably well in nite samples. We …

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Comments On “Rich Debt, Poor Debt: Assessing Household Indebtedness And Debt Repayment Capacity”, Sock Yong Phang Jan 2017

Comments On “Rich Debt, Poor Debt: Assessing Household Indebtedness And Debt Repayment Capacity”, Sock Yong Phang

Research Collection School Of Economics

This paper assesses the system-wide impacts of Malaysia’s rising household debt.Malaysia’s household debt-to-GDP ratio (HDGR) increased from 76% in 2009 to 89%in 2016. This increase has raised concerns regarding the implications for householdfinancial resilience and banking system stability. The paper uses a micro-level datasetthat integrates income and debt to calculate financial margin (FM) and the probabilityof default (PD) for individuals at the baseline, and when subject to various shocks.This allows the estimation of loss to lenders in the event of default, and from there,the banking system’s debt-at-risk. The findings show that default is more likely forhouseholds with a debt service …

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Comments On “Rich Debt, Poor Debt: Assessing Household Indebtedness And Debt Repayment Capacity”, Sock Yong Phang Jan 2017

Comments On “Rich Debt, Poor Debt: Assessing Household Indebtedness And Debt Repayment Capacity”, Sock Yong Phang

Research Collection School Of Economics

This paper assesses the system-wide impacts of Malaysia’s rising household debt.Malaysia’s household debt-to-GDP ratio (HDGR) increased from 76% in 2009 to 89%in 2016. This increase has raised concerns regarding the implications for householdfinancial resilience and banking system stability. The paper uses a micro-level datasetthat integrates income and debt to calculate financial margin (FM) and the probabilityof default (PD) for individuals at the baseline, and when subject to various shocks.This allows the estimation of loss to lenders in the event of default, and from there,the banking system’s debt-at-risk. The findings show that default is more likely forhouseholds with a debt service …

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Inside The Black Box: Political Economy Of The Trans-Pacific Partnership's Encryption Clause, Han-Wei Liu Jan 2017

Inside The Black Box: Political Economy Of The Trans-Pacific Partnership's Encryption Clause, Han-Wei Liu

Research Collection Yong Pung How School Of Law

Among other provisions of the Trans-Pacific Partnership (TPP) Agreement, a new clause on encryption technology (‘Encryption Clause’) is particularly noteworthy. By tracing the history of decades-long encryption control, this article underscores how this clause implicates international order. Modern encryption technology was conceived and developed during World Wars. Painted by such a war-time legacy, encryption has been treated as a ‘dual-use’ technology and has been subject to export control since the end of World War II via the Coordinating Committee for the Control of Multinational Trade (COCOM) and, later, the Wassenaar Arrangement. With the collapse of the Soviet Union, the Western …

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The Legality Of Data Residency Requirements: How Can The Trans-Pacific Partnership Help?, Shin-Yi Peng, Han-Wei Liu Jan 2017

The Legality Of Data Residency Requirements: How Can The Trans-Pacific Partnership Help?, Shin-Yi Peng, Han-Wei Liu

Research Collection Yong Pung How School Of Law

Article 14.13 of the Trans-Pacific Partnership (TPP) Agreement – the data localization (DL) clause – represents the first time that a far-reaching preferential trade agreement (PTA) seeks to reduce protectionism arising from data residency (DR) requirements. The DL clause, however, is linked to a loose GATT Article XX-like exception: Article 14.13(3)(b), which allows the parties to maintain DR measures to achieve a legitimate public policy objective as long as the measure in question can satisfy the ‘necessity test’. The ambiguity of the DL exception will be clarified by TPP tribunals when a real dispute occurs. After examining the rationales of …

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Political Dynamics In Land Commodification: Commodifying Rural Land Development Rights In Chengdu, China, Qian Forrest Zhang, Jianling Wu Jan 2017

Political Dynamics In Land Commodification: Commodifying Rural Land Development Rights In Chengdu, China, Qian Forrest Zhang, Jianling Wu

Research Collection School of Social Sciences

Commodification of land is at the forefront of the re-casting of rural China by the spread of capitalism. This study examines a market-based program of land development rights trading in Chengdu, China. The program was made possible by a change in the central government’s land-use regulation that shifted the policy goal from ‘no net loss’ of farmland to ‘no net gain’ of construction land. We detail how local governments at multiple levels work together to construct land development rights as a commodity and build market institutions to foster its trading, illustrating land commodification as an inherently political process. A unique …

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Speaking Out & Speaking Up: Xinjiao Perspectives, Eng Fong Pang, Arnoud De Meyer Jan 2017

Speaking Out & Speaking Up: Xinjiao Perspectives, Eng Fong Pang, Arnoud De Meyer

Research Collection Lee Kong Chian School Of Business

Contents: A Singaporean in Xinjiang by Wong Ee Vin; Sex for Sale and Second Wives by Xue Jiarong; Singapore Families: Mixed Salad or New Rojak? by Darren Lim; Singaporean-Burmese, Burmese-Singaporean or Both? by In Jin Zaw; Foreign Workers: Seen but not Heard by Mohammad Muzhaffar & Rohith Misir; Wheel You Ride? by Khew Pei Xuan; Gaelic Kallang Roar by Kate Whyte; Gaming Virtual Reality, Seriously by Lin Junkang & Low Kai Loon; Cyber Vigilantes: Mobs or Cops? by Timothy Lim & Hermanth Kumar; Online Dating: Waiting for the Stars to Align by Alex Cherucheril & Muhammed Ismail; Tying the Knot, …

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Network-Centric Policy Design, Araz Taeihagh Jan 2017

Network-Centric Policy Design, Araz Taeihagh

Research Collection School of Social Sciences

Two important challenges in policy design are better understanding of the design space, and consideration of the temporal factors. Moreover, in recent years it has been demonstrated that understanding the complex interactions of policy measures can play an important role in policy design and analysis. In this paper the advances made in conceptualisation and application of networks to policy design in the past decade are highlighted. Specifically, the use of a network-centric policy design approach in better understanding the design space and temporal consequences of design choices are presented. Network-centric policy design approach has been used in classification, visualisation and …

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Avoidance In Negative Ties: Inhibiting Closure, Reciprocity, And Homophily, Nicholas Harrigan, Janice Yap Jan 2017

Avoidance In Negative Ties: Inhibiting Closure, Reciprocity, And Homophily, Nicholas Harrigan, Janice Yap

Research Collection School of Social Sciences

Theorising of negative ties has focused on simplex negative tie networks or multiplex signed tie networks. We examine the fundamental differences between positive and negative tie networks measured on the same set of actors. We test six mechanisms of tie formation on face-to-face positive (affect/esteem) and negative (dislike/disesteem) networks of 282 university students. While popularity, activity, and entrainment are present in both networks, closure, reciprocity, and homophily are largely absent from negative tie networks. We argue this arises because avoidance is inherent to negative sentiments. Avoidance reduces information transfer through negative ties and short-circuits cumulative causation. (C) 2016 Elsevier B.V. …

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Longitudinal Research: A Panel Discussion On Conceptual Issues, Research Design, And Statistical Techniques, Mo Wang, Daniel J. Beal, David Chan, Daniel A. Newman, Jeffrey B. Vancouver, Robert J. Vandenberg Jan 2017

Longitudinal Research: A Panel Discussion On Conceptual Issues, Research Design, And Statistical Techniques, Mo Wang, Daniel J. Beal, David Chan, Daniel A. Newman, Jeffrey B. Vancouver, Robert J. Vandenberg

Research Collection School of Social Sciences

The goal of this article is to clarify the conceptual, methodological, and practical issues that frequently emerge when conducting longitudinal research, as well as in the journal review process. Using a panel discussion format, the current authors address 13 questions associated with 3 aspects of longitudinal research: conceptual issues, research design, and statistical techniques. These questions are intentionally framed at a general level so that the authors could address them from their diverse perspectives. The authors’ perspectives and recommendations provide a useful guide for conducting and reviewing longitudinal studies in work, aging, and retirement research.

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Viewed By Too Many Or Viewed Too Little: Using Information Dissemination For Audience Segmentation, Bernard J. Jansen, Soon-Gyu Jung, Joni Salminen, Jisun An, Haewoon Kwak Jan 2017

Viewed By Too Many Or Viewed Too Little: Using Information Dissemination For Audience Segmentation, Bernard J. Jansen, Soon-Gyu Jung, Joni Salminen, Jisun An, Haewoon Kwak

Research Collection School Of Computing and Information Systems

The identification of meaningful audience segments, such as groups of users, consumers, readers, audience, etc., has important applicability in a variety of domains, including for content publishing. In this research, we seek to develop a technique for determining both information dissemination and information discrimination of online content in order to isolate audience segments. The benefits of the technique include identification of the most impactful content for analysis. With 4,320 online videos from a major news organization, a set of audience attributes, and more than 58 million interactions from hundreds of thousands of users, we isolate the key pieces of content …

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Practical Intelligence, Emotional Intelligence, And Social Intelligence, Filip Lievens, David Chan Jan 2017

Practical Intelligence, Emotional Intelligence, And Social Intelligence, Filip Lievens, David Chan

Research Collection School of Social Sciences

Over the years, practical intelligence, social intelligence, and especially emotional intelligence have received substantial attention in both the academic and practitioner literatures. However, at the same time, these individual dierence “constructs” have also fueled controversies and criticisms, including their applications to employee selection. It is without doubt that their definition, dimensionality, and operationalization (measurement) have been much more questioned as compared to the more traditional or established constructs (i.e., cognitive ability, personality) in this section of the Handbook.

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How Crisis Managers Define Ethical Crisis Communication In Singapore: Identifying Organizational Factors That Influence Adoption Of Ethical Stances, Augustine Pang, Yan Jin, Benjamin Meng-Keng Ho Jan 2017

How Crisis Managers Define Ethical Crisis Communication In Singapore: Identifying Organizational Factors That Influence Adoption Of Ethical Stances, Augustine Pang, Yan Jin, Benjamin Meng-Keng Ho

Research Collection Lee Kong Chian School Of Business

This study explores the veracity of the six ethical variables proposed in the contingency theory of strategic conflict management – the role of PR practitioner, the role of top management, nature of the crisis, the activism of stakeholders; government regulation/intervention; diversity to different cultures and exposure external business environments. In-depth interviews with 10 communication professionals in Singapore were conducted. In line with the patriarchal management structure, the top management plays a critical role in determining ethical stances, with practitioners playing important consultative positions. Also, the role of the relevant government almost predisposes the organization toward certain ethical stances. The study …

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Is Saying “Sorry” Enough? Examining The Effects Of Apology Typologies By Organization On Consumer Responses, May O. Lwin, Augustine Pang, Jun-Qi Loh, Marilyn Hui-Ying Peh, Sarah Ann Rodriguez, Nur Hanisah Binte Zelani Jan 2017

Is Saying “Sorry” Enough? Examining The Effects Of Apology Typologies By Organization On Consumer Responses, May O. Lwin, Augustine Pang, Jun-Qi Loh, Marilyn Hui-Ying Peh, Sarah Ann Rodriguez, Nur Hanisah Binte Zelani

Research Collection Lee Kong Chian School Of Business

Apology has been found to be the most effective strategy in times of crises. However, there is a dearth of research on the kinds of apology used and how primary stakeholders, in particular consumers, received them. This study aims to examine consumer responses to the types of apologies offered post crises against the levels of attribution of responsibility. We also assess the potential mediating role of ethical concerns by developing the Perception-Behavioral Model of Crisis Response. An experiment was conducted to ascertain consumers’ impression of the organization post-apology. The results showed that the attribution of crisis responsibility significantly influences complaining, …

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Strategy-Proofness Of The Probabilistic Serial Rule On Sequentially Dichotomous Domains, Peng Liu Jan 2017

Strategy-Proofness Of The Probabilistic Serial Rule On Sequentially Dichotomous Domains, Peng Liu

Research Collection School Of Economics

A class of preference domains is proposed: sequentially dichotomous domains. On any sequentially dichotomous domain, the probabilistic serial rule (Bogomolnaia and Moulin (2001)) is sd-strategy-proof. In addition, any sequentially dichotomous domain is maximal for the probabilistic serial rule to be sd-strategy-proof.

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On Estimating Market Microstructure Noise Variance, Yingjie Dong, Yiu Kuen Tse Jan 2017

On Estimating Market Microstructure Noise Variance, Yingjie Dong, Yiu Kuen Tse

Research Collection School Of Economics

We study the market microstructure noise-variance estimation of high-frequency stock prices. Based on the Hansen and Lunde (2006) approach, we propose estimates using subsampling method at different time scales. We conduct a Monte Carlo study to compare our method against others in the literature. Our results show that our proposed estimates have lower (absolute) mean error and root mean-squared error, and their performance is quite stable at different time scales.

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A Multivariate Stochastic Unit Root Model With An Application To Derivative Pricing, Offer Lieberman, Peter C. B. Phillips Jan 2017

A Multivariate Stochastic Unit Root Model With An Application To Derivative Pricing, Offer Lieberman, Peter C. B. Phillips

Research Collection School Of Economics

This paper extends recent findings of Lieberman and Phillips (2014) on stochastic unit root (STUR) models to a multivariate case including asymptotic theory for estimation of the model's parameters. The extensions are useful for applications of STUR modeling and because they lead to a generalization of the Black-Scholes formula for derivative pricing. In place of the standard assumption that the price process follows a geometric Brownian motion, we derive a new form of the Black-Scholes equation that allows for a multivariate time varying coefficient element in the price equation. The corresponding formula for the value of a European-type call option …

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Estimating Smooth Structural Change In Cointegration Models, Peter C. B. Phillips, Degui Li, Jiti Gao Jan 2017

Estimating Smooth Structural Change In Cointegration Models, Peter C. B. Phillips, Degui Li, Jiti Gao

Research Collection School Of Economics

This paper studies nonlinear cointegration models in which the structural coefficients may evolve smoothly over time, and considers time-varying coefficient functions estimated by nonparametric kernel methods. It is shown that the usual asymptotic methods of kernel estimation completely break down in this setting when the functional coefficients are multivariate. The reason for this breakdown is a kernel induced degeneracy in the weighted signal matrix associated with the nonstationary regressors, a new phenomenon in the kernel regression literature. Some new techniques are developed to address the degeneracy and resolve the asymptotics, using a path-dependent local coordinate transformation to reorient coordinates and …

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Sensor-Driven Detection Of Social Isolation In Community-Dwelling Elderly, W K P Neranjana Nadee Rodrigo Goonawardene, Xiaoping Toh, Hwee-Pink Tan Jan 2017

Sensor-Driven Detection Of Social Isolation In Community-Dwelling Elderly, W K P Neranjana Nadee Rodrigo Goonawardene, Xiaoping Toh, Hwee-Pink Tan

Research Collection School Of Computing and Information Systems

Ageing-in-place, the ability to age holistically in the community, is increasingly gaining recognition as a solution to address resource limitations in the elderly care sector. Effective elderly care models require a personalised and all-encompassing approach to caregiving. In this regard, sensor technologies have gained attention as an effective means to monitor the wellbeing of elderly living alone. In this study, we seek to investigate the potential of non-intrusive sensor systems to detect socially isolated community dwelling elderly. Using a mixed method approach, our results showed that sensor-derived features such as going-out behavior, daytime napping and time spent in the living …

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The Making Of A Successful Analytics Master Degree Program: Experiences And Lessons Drawn For A Young And Small Asian University, Michelle L. F. Cheong Jan 2017

The Making Of A Successful Analytics Master Degree Program: Experiences And Lessons Drawn For A Young And Small Asian University, Michelle L. F. Cheong

Research Collection School Of Computing and Information Systems

Singapore Management University’s School of Information Systems is a young school within a young and small university in Asia. Being young and small, establishing a successful analytics master degree program required extensive landscape research, assessment of its own strengths and weaknesses, having a committed team, and having a clear vision to meet the ever-changing needs of the industry. The Master of IT in Business (Analytics) program, established since 2011, has grown from an annual intake of 16 to 128 students in six years. This article attempts to describe the design process, challenges faced, decisions made, and the key actions taken, …

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Discovering Historic Traffic-Tolerant Paths In Road Networks, Pui Hang Li, Man Lung Yiu, Kyriakos Mouratidis Jan 2017

Discovering Historic Traffic-Tolerant Paths In Road Networks, Pui Hang Li, Man Lung Yiu, Kyriakos Mouratidis

Research Collection School Of Computing and Information Systems

Historic traffic information is valuable in transportation analysis and planning, e.g., evaluating the reliability of routes for representative source-destination pairs. Also, it can be utilized to provide efficient and effective route-search services. In view of these applications, we propose the k traffic-tolerant paths (TTP) problem on road networks, which takes a source-destination pair and historic traffic information as input, and returns k paths that minimize the aggregate (historic) travel time. Unlike the shortest path problem, the TTP problem has a combinatorial search space that renders the optimal solution expensive to find. First, we propose an exact algorithm with effective pruning …

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Are Shorts Equally Informed? A Global Perspective, Ekkehart Boehmer, Zsuzsa R. Huszar, Yanchu Wang, Xiaoyan Wang Jan 2017

Are Shorts Equally Informed? A Global Perspective, Ekkehart Boehmer, Zsuzsa R. Huszar, Yanchu Wang, Xiaoyan Wang

Research Collection Lee Kong Chian School Of Business

Short selling predicts future stock returns globally. We use 11 short-sale measures to examine the informativeness of short sales in 38 countries for the July 2006 to December 2014 period. We find that different short-sale measures display different return predictability. The days-to-cover ratio and loan supply measures have the most robust predictive power in the global capital market. We also document significant cross-country differences in the predictive power of the short selling measures and find that return predictability is stronger in countries with mild forms of short-sale restrictions, better market quality, and more developed markets.

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The Contribution Of Eu Funds To Wellbeing And Sustainable Development In Central European Countries, Mirjana Kranjac, Uros Sikimic, Srdan Tomic, Jelena Vapa-Tankosic Jan 2017

The Contribution Of Eu Funds To Wellbeing And Sustainable Development In Central European Countries, Mirjana Kranjac, Uros Sikimic, Srdan Tomic, Jelena Vapa-Tankosic

Research Collection Lee Kong Chian School Of Business

The European strategic goals are good standard of living, social and economic wellbeing and sustainability of the Planet Earth. Some of these requirements are contradictory. Often times, a successful economy exhausts nature well beyond its limits. Europe is achieving its goals by giving funds to many programs, thus enabling the elaboration of projects. The programs' and projects' goals and results must justify the global vision of European Union (EU) future, precisely defined in the document Europa 2020: to achieve a sustainable future. This paper is dealing with effects of the use of EU funds in Central European (CEE) countries. The …

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When Price Precision Pays In Negotiations, Michael Schaerer Jan 2017

When Price Precision Pays In Negotiations, Michael Schaerer

Research Collection Lee Kong Chian School Of Business

When negotiating, is an offer of 99.95 euros better than 100 euros? Our recent study shows that there is no universally true answer to the question of price precision and that the right strategy depends on with whom you are negotiating.

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The Evolution Of Ownership Structure In Japanese Firms (1962-2012), Jungwook Shim, Toru Yoshikawa Jan 2017

The Evolution Of Ownership Structure In Japanese Firms (1962-2012), Jungwook Shim, Toru Yoshikawa

Research Collection Lee Kong Chian School Of Business

In this chapter, we investigate the evolution of ownership structure and corporate governance in Japanese firms based on the entire population of listed firms from 1962 to 2012.

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Making Sense Of Life @ / & Smu: A Partial Guide For The Clueless, Eng Fong Pang Jan 2017

Making Sense Of Life @ / & Smu: A Partial Guide For The Clueless, Eng Fong Pang

Research Collection Lee Kong Chian School Of Business

This volume provides unexpectedly heartwarming and heartbreaking insights into the interior lives and thoughts of SMU business graduates. It is both a paean to and an indictment of Singapore’s education system and its excessively powerful formative impact on individual lives, family relationships, and Singapore society as a whole. The youthful contributors overwhelmingly accept life aspirations imposed by the expectations of family, society and self, which they themselves recognise are uniform and limiting. Their intensely personal reflections, unleavened by humour, lay bare the contradictory liberating and homogenising effects of an undergraduate business education (not peculiar to SMU or Singapore only), while …

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Do Disaster Experience And Knowledge Affect Insurance Take-Up Decisions?”, Jing Cai, Changcheng Song Jan 2017

Do Disaster Experience And Knowledge Affect Insurance Take-Up Decisions?”, Jing Cai, Changcheng Song

Research Collection Lee Kong Chian School Of Business

This study examines the effect of experience and knowledge on weather insurance adoption. First, we conduct insurance games with farmers, and find that the treatment improves real insurance take-up by 46%. The effect is not driven by changes in risk attitudes and perceived probability of disasters, or by learning of insurance benefits, but is driven by the experience acquired in the game. Second, we find that providing information about the payout probability has a strong positive effect on insurance take-up. Finally, when subjects receive both treatments, the probability information has a greater impact on take-up than does the disaster experience.

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Nationalism And International Disputes In China: Implications For Transnational Corporations As Corporate Diplomats, Lisa Tam, Soojin Kim Jan 2017

Nationalism And International Disputes In China: Implications For Transnational Corporations As Corporate Diplomats, Lisa Tam, Soojin Kim

Research Collection Lee Kong Chian School Of Business

For decades, the territorial dispute between China and Japan over the sovereignty of the Senkaku Islands has caused diplomatic deteriorations in Sino-Japanese relations. When there is extensive media coverage on news about the dispute, nationalist sentiments in both two countries would be triggered and could be expressed through detrimental behaviors towards transnational corporations (hereinafter TNCs). While TNCs play a significant political function as corporate diplomats for their home countries, they are subject to the risk of crises when their home countries are involved in political and economic conflicts with the foreign countries in which they have operations. Against this backdrop, …

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