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Singapore Management University

2016

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Articles 31 - 60 of 493

Full-Text Articles in Social and Behavioral Sciences

Cross Cultural Regularities In The Cognitive Architecture Of Pride, Daniel Sznycer, Laith Al-Shawaf, Yoella Bereby-Meyer, Oliver Scott Curry, Delphine De Smet, Elsa Ermer, Sangin Kim, Sunhwa Kim, Norman P. Li, Maria Florencia Lopez Seal, Jennifer Mcclung, Jiaqing O, Yohsuke Ohtsubo, Tadeg Quillien, Max Schaub, Aaron Sell, Florian Van Leeuwen, Leda Cosmide, John Tooby Dec 2016

Cross Cultural Regularities In The Cognitive Architecture Of Pride, Daniel Sznycer, Laith Al-Shawaf, Yoella Bereby-Meyer, Oliver Scott Curry, Delphine De Smet, Elsa Ermer, Sangin Kim, Sunhwa Kim, Norman P. Li, Maria Florencia Lopez Seal, Jennifer Mcclung, Jiaqing O, Yohsuke Ohtsubo, Tadeg Quillien, Max Schaub, Aaron Sell, Florian Van Leeuwen, Leda Cosmide, John Tooby

Research Collection School of Social Sciences

Pride occurs in every known culture, appears early in development, is reliably triggered by achievements and formidability, and causes a characteristic display that is recognized everywhere. Here, we evaluatethe theory that pride evolved to guide decisions relevant to pursuing actions that enhance valuation and respect for a person in the minds of others. By hypothesis, pride is a neurocomputational program tailored by selection to orchestrate cognition and behavior in the service of: (i) motivating the costeffective pursuit of courses of action that would increase others’ valuations and respect of the individual, (ii) motivating the advertisement of acts or characteristics whose …


Short Selling Meets Hedge Fund 13f: An Anatomy Of Informed Demand, Yawen Jiao, Massimo Massa, Hong Zhang Dec 2016

Short Selling Meets Hedge Fund 13f: An Anatomy Of Informed Demand, Yawen Jiao, Massimo Massa, Hong Zhang

Research Collection Lee Kong Chian School Of Business

The existing literature treats the short side (i.e., short selling) and the long side of hedge fund trading (i.e., fund holdings) independently. The two sides, however, complement each other: opposite changes in the two are likely to be driven by information, whereas simultaneous increases (decreases) of the two may be motivated by hedging (unwinding) considerations. We use this intuition to identify informed demand and document that it exhibits highly significant predictive power over returns (approximately 10% per year). We also find that informed demand forecasts future firm fundamentals, suggesting that hedge funds play an important role in information discovery. (C) …


The Effect Of Monetary Policy On Bank Wholesale Funding, Hyunsoo Choi, Hyun Soo Choi Dec 2016

The Effect Of Monetary Policy On Bank Wholesale Funding, Hyunsoo Choi, Hyun Soo Choi

Research Collection Lee Kong Chian School Of Business

We study how monetary policy affects the funding composition of the banking sector. When monetary tightening reduces the retail deposit supply due to, for example, a decrease in bank reserves or in money demand, banks try to substitute the deposit outflows with more wholesale funding in order to mitigate the policy impact on their lending. Banks have varying degrees of accessibility to wholesale funding sources because of financial frictions, and those banks that are large or that have a greater reliance on wholesale funding increase their wholesale funding more. As a result, monetary tightening increases both the reliance on and …


Smu Is First Asian University To Offer Master’S Degree Accredited By International Professional Hr Body Cipd, Singapore Management University Nov 2016

Smu Is First Asian University To Offer Master’S Degree Accredited By International Professional Hr Body Cipd, Singapore Management University

SMU Press Releases

The Singapore Management University (SMU) has become the first university in Asia to offer a master’s degree accredited by the Chartered Institute of Personnel and Development (CIPD). SMU joins prestigious universities such as the London School of Economics and Political Science (LSE) and Kings College London to deliver the CIPD’s premier level accredited qualifications. SMU’s Master of Human Capital Leadership (MHCL) has been designed in partnership with the CIPD, the Human Capital Leadership Institute (HCLI), and the Wharton Centre for Human Resources (USA), resulting in a market-leading study programme that provides unparalleled professional qualifications, business acumen and academic knowledge.


Evaluating The Conditions For China’S 4th Industrial Revolution Plan: A Neo-Schumpeterian Analysis, Hing Lee Henry Chan Nov 2016

Evaluating The Conditions For China’S 4th Industrial Revolution Plan: A Neo-Schumpeterian Analysis, Hing Lee Henry Chan

Dissertations and Theses Collection

After 33 years (1979-2011) of close to double digit average annual economic growth, the Chinese economy decelerated to a mid-high single digit growth of approximately 7% per year since 2012. The country is currently facing the typical economic transition challenge of moving from being a high-middle income to high income economy. In response to this economic transition, the government launched an industrial innovation program that corresponds to the 4th Industrial Revolution in 2015-Made in China 2025, hoping to stabilize and rejuvenate China’s growth momentum through innovation. This thesis examines the pre-conditions for the successful implementation of this plan using the …


Addressing Asean's Manpower Challenge, Singapore Management University Nov 2016

Addressing Asean's Manpower Challenge, Singapore Management University

Perspectives@SMU

Governments must work closely with the private sector to produce relevant skilled labour


Political Leadership In The Digital Age, Singapore Management University Nov 2016

Political Leadership In The Digital Age, Singapore Management University

Perspectives@SMU

Luxembourg’s Prime Minister: Leaders need to factor in technology’s effects on national policies


Governing For Happiness, Singapore Management University Nov 2016

Governing For Happiness, Singapore Management University

Perspectives@SMU

A fair and just society should be the aim for creating maximum societal happiness


India's Building Project: Recipes For Success, Singapore Management University Nov 2016

India's Building Project: Recipes For Success, Singapore Management University

Perspectives@SMU

India’s dream of creating sustainable and smart cities requires partners and governance with inspiration from the Singapore story


Singapore Update On Open Access, Pin Pin Yeo Nov 2016

Singapore Update On Open Access, Pin Pin Yeo

Research Collection Library

An overview of the landscape in Singapore for open access is provided for the last 12 years. It covers the developments in institutional repositories, open access policies and mandates in the universities and also developments in the research funding side in Singapore. A start has been made to collect research data in Singapore and there is a research data policy from NTU in 2016. Some future developments are also outlined.


Evolving The Team, Expanding Skills For The Future, Hwee Ming Lim, Vincent Ong Nov 2016

Evolving The Team, Expanding Skills For The Future, Hwee Ming Lim, Vincent Ong

Research Collection Library

SMU Libraries, like most libraries, is continuously evolving as the needs and expectations of library stakeholders (from users to administrators) change. To keep pace with the changes there is an emergent need to improve the skills and knowledge base of library para-professionals (Library Specialists) in order for them to continue to contribute productively to the strategic goals of the organization, especially as related to the Libraries' Continuous Assessment and Improvement Initiatiave.

The SMU Libraries' Future Skills program is a case study on how the Library Specialists and Team Leads worked together to build a talent management program that would foster …


Customer Satisfaction Index Of Singapore 2016: Q3 Results, Institute Of Service Excellence, Smu Nov 2016

Customer Satisfaction Index Of Singapore 2016: Q3 Results, Institute Of Service Excellence, Smu

Research Collection Institute of Service Excellence

The Customer Satisfaction Index of Singapore (CSISG) computes customer satisfaction scores at the national, sector, sub-sector, and company levels. The CSISG serves as a quantitative benchmark of the quality of goods and services produced by the Singapore economy over time and across countries. This is the CSISG’s tenth year of measurement.


Opening Address By Smu President Professor Arnoud De Meyer At The Official Launch Of The Institute For Societal Leadership And The Societal Leadership Summit 2016, Arnoud De Meyer, Singapore Management University Nov 2016

Opening Address By Smu President Professor Arnoud De Meyer At The Official Launch Of The Institute For Societal Leadership And The Societal Leadership Summit 2016, Arnoud De Meyer, Singapore Management University

SMU Press Releases

No abstract provided.


Vietnam's Economic Transformation: Embracing Change, Vu Khoan, Philip Charles Zerrillo Nov 2016

Vietnam's Economic Transformation: Embracing Change, Vu Khoan, Philip Charles Zerrillo

Asian Management Insights

The former Deputy Prime Minister of Vietnam from 2002 to 2006, Mr Vu Khoan, talks about the transformation of the country from economic isolationism to its current economic strength, in this interview with Philip Zerrillo.


The New Dragon Dance, Sarita Mathur Nov 2016

The New Dragon Dance, Sarita Mathur

Asian Management Insights

Is China moving to a new normal?


A Bankable Future, Jonathan Henry Chang Nov 2016

A Bankable Future, Jonathan Henry Chang

Asian Management Insights

Efforts to promote financialinclusion in Cambodia arepaying dividends economically,and unlocking opportunity.


The Tpp: Threat Or Treat To China, Henry S. Gao Nov 2016

The Tpp: Threat Or Treat To China, Henry S. Gao

Research Collection Yong Pung How School Of Law

The conclusion of the TPP has raised many challenges for China, especially on rules issues. This article discusses the possible responses by China, as well as how this may lead to a window of opportunity for mutual cooperation between the US and China.


Cultural Threats In Culturally Mixed Encounters Hamper Creative Performance For Individuals With Lower Openness To Experience, Xia Chen, Angela K. Y. Leung, Daniel Y. J. Yang, Chi-Yue Chiu, Zhong-Quan Li, Shirley Y. Y. Cheng Nov 2016

Cultural Threats In Culturally Mixed Encounters Hamper Creative Performance For Individuals With Lower Openness To Experience, Xia Chen, Angela K. Y. Leung, Daniel Y. J. Yang, Chi-Yue Chiu, Zhong-Quan Li, Shirley Y. Y. Cheng

Research Collection School of Social Sciences

Past research has examined independently how openness to experience, as a personality trait, and the situational threat triggered by a foreign cultural encounter affect the emergence of creative benefits from a culture-mixing experience. The present research provides the first evidence for the interactive effect of openness to experience and cultural threat following culturally mixed encounters on creative performance. In Study 1, under heightened perceptions of cultural threat, exposing to the mixing of Chinese and American cultures (vs. a non-mixed situation) made close-minded Chinese participants to perform more poorly in a creative generation task. In Study 2, inducing cultural threat by …


Can Asians Be Creative?, Chua, Roy Y. J., Jerry Zremski Nov 2016

Can Asians Be Creative?, Chua, Roy Y. J., Jerry Zremski

Research Collection Lee Kong Chian School Of Business

A crotchety American named Henry Ford invented a modern, fast and efficient way to manufacture automobiles and a Japanese man named Eiji Toyoda refined and perfected it. A series of innovators across the western world developed the television - and the tech specialists at Sony, Toshiba and a host of other Asian companies found ways to make TVs better, cheaper, faster. And an idiosyncratic Californian named Steve Jobs invented a company that made a smart phone for the masses - and then outsourced the manufacturing to China. If you detect a pattern here, you are not alone. Asia may be …


Audit Committees And Financial Reporting Quality In Singapore, Yuanto Kusnadi, Kwong Sin Leong, Themin Suwardy, Jiwei Wang Nov 2016

Audit Committees And Financial Reporting Quality In Singapore, Yuanto Kusnadi, Kwong Sin Leong, Themin Suwardy, Jiwei Wang

Research Collection School Of Accountancy

We examine three characteristics (independence, expertise, and overlapping membership) of audit committees and their impact on the financial reporting quality for Singapore-listed companies. The main finding is that financial reporting quality will be higher if audit committees have mixed expertise in accounting, finance, and/or supervisory. In addition, we do not find evidence that incremental independence of audit committees enhances financial reporting quality because audit committees already consist of a majority of independent directors. Finally, we fail to find any impact of overlapping membership on audit and remuneration committees on financial reporting quality. Overall, the results have policy implications on improving …


Media Reinvented, Geoff Tan Nov 2016

Media Reinvented, Geoff Tan

Asian Management Insights

The brave new world of digital media.


Invitation Strategy For Cutting Edge Industries Through Mncs And Global Talents: The Case Of Singapore, Kim Song Tan Nov 2016

Invitation Strategy For Cutting Edge Industries Through Mncs And Global Talents: The Case Of Singapore, Kim Song Tan

Research Collection School Of Economics

Singapore presents an interesting case of how a country achieves dynamic economic development and innovation through the "invitation" strategy of a business hub. Despite being a small city-state with limited domestic market size and no meaningful hinterland or natural resources to speak of, Singapore has managed to transform its economy dramatically over the past 50 years by leveraging the strengths of other economies. Specifically, it has been able to attract (or "invite") various types of productive resources, including foreign capital, foreign technology and foreign workers (both skilled and unskilled) to make up for what it lacks. This has helped Singapore …


Getting Town Councils To Raise Their Game, Tan K. B. Eugene Nov 2016

Getting Town Councils To Raise Their Game, Tan K. B. Eugene

Research Collection Yong Pung How School Of Law

Given that about 80 per cent of Singaporeans live in public housing estates, town councils are an integral part of Singapore life. Last month, the Ministry of National Development (MND) initiated a public consultation on the proposed amendments to the Town Councils Act (TCA), which was first enacted in 1988 to empower elected Members of Parliament and unelected town councillors to run public housing estates


’A Beautiful Bridge’: Chinese Indonesian Associations, Social Capital And Strategic Identification In A New Era Of China Indonesia Relations, Charlotte Setijadi Nov 2016

’A Beautiful Bridge’: Chinese Indonesian Associations, Social Capital And Strategic Identification In A New Era Of China Indonesia Relations, Charlotte Setijadi

Research Collection School of Social Sciences

In Indonesia, Chinese voluntary associations took on a new level of importance after the fall of Suharto’s New Order regime in 1998 that ushered in a revival of Chinese identity politics. At the same time, Sino-Indonesian relations are blossoming, and the rise of China as a global power means that Indonesia can only benefit from stronger ties with China in the future. In this new atmosphere of cooperation, I argue that Chinese Indonesian individuals and voluntary organizations play a crucial function as trade and cultural intermediaries. Drawing on both empirical and qualitative fieldwork data, in this paper, I examine how …


The Tpp: Threat Or Treat To China, Henry S. Gao Nov 2016

The Tpp: Threat Or Treat To China, Henry S. Gao

Research Collection Yong Pung How School Of Law

The conclusion of the TPP has raised many challenges for China, especially on rules issues. This article discusses the possible responses by China, as well as how this may lead to a window of opportunity for mutual cooperation between the US and China.


Bias Correction And Refined Inferences For Fixed Effects Spatial Panel Data Models, Zhenlin Yang, Jihai Yu, Shew Fan Liu Nov 2016

Bias Correction And Refined Inferences For Fixed Effects Spatial Panel Data Models, Zhenlin Yang, Jihai Yu, Shew Fan Liu

Research Collection School Of Economics

This paper first presents simple methods for conducting up to third-order bias and variance corrections for the quasi maximum likelihood (QML) estimators of the spatial parameter(s) in the fixed effects spatial panel data (FE-SPD) models. Then, it shows how the bias and variance corrections lead to refined t-ratios for spatial effects and for covariate effects. The implementation of these corrections depends on the proposed bootstrap methods of which validity is established. Monte Carlo results reveal that (i) the QML estimators of the spatial parameters can be quite biased, (ii) a second-order bias correction effectively removes the bias, and (iii) the …


Smarter Banking: Blockchain Technology In The Indian Banking System, Suparna Dhar, Indranil Bose Nov 2016

Smarter Banking: Blockchain Technology In The Indian Banking System, Suparna Dhar, Indranil Bose

Asian Management Insights

Indian banks are currently experiencing poor performance when it comes to debt risk. Burdened with high non-performing loans (NPL), they are putting at risk the funds of investors as well as India’s industrial and economic growth. In addition, the loan management process itself is riddled with inefficiencies. To overcome them, we propose to use blockchain technology.


Putting Parent-Subsidiary Relationships Right: Lessons From Japanese Corporate Groups, Akira Mitsumasu Nov 2016

Putting Parent-Subsidiary Relationships Right: Lessons From Japanese Corporate Groups, Akira Mitsumasu

Asian Management Insights

How do Japanese corporate groups manage their subsidiaries?


Grab Taxi: Navigating New Frontiers, Mei Lin, Christopher Dula Nov 2016

Grab Taxi: Navigating New Frontiers, Mei Lin, Christopher Dula

Research Collection School Of Computing and Information Systems

In mid-2016, Anthony Tan, the CEO of Grab, an on-demand transportation-app company serving Southeast Asia, was locked in a high stakes struggle to win the hearts and minds of drivers, passengers and regulators alike. Valued at an estimated US$1.5 billion, Grab (known among consumers as ‘GrabTaxi’) had become one of Asia’s most successful start-ups.


Days To Cover And Stock Returns, Harrison G. Hong, Frank Weikai Li, Sophie X. Ni, Jose A. Scheinkman, Philip Yan Nov 2016

Days To Cover And Stock Returns, Harrison G. Hong, Frank Weikai Li, Sophie X. Ni, Jose A. Scheinkman, Philip Yan

Research Collection Lee Kong Chian School Of Business

A crowded trade emerges when speculators' positions are large relative to the asset's liquidity, making exit difficult. We study this problem of recent regulatory concern by focusing on short-selling. We show that days to cover (DTC), the ratio of short interest to trading volume, measures the costliness of exiting crowded trades. Crowding is an important concern as short-sellers avoid illiquid stocks, which we establish using an instrumental-variables strategy involving staggered stock market decimalization reforms. Arbitrageurs require a premium to enter into such trades as a strategy shorting high DTC stocks and buying low DTC stocks generates a 1.2% monthly return. …