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Singapore Management University

2016

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Articles 61 - 90 of 493

Full-Text Articles in Social and Behavioral Sciences

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?

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Blame The Shepherd Not The Sheep: Imitating Higher-Ranking Transgressors Mitigates Punishment For Unethical Behavior, Christopher W. Bauman, Leigh Plunkett Tost, Ong, Madeline Nov 2016

Blame The Shepherd Not The Sheep: Imitating Higher-Ranking Transgressors Mitigates Punishment For Unethical Behavior, Christopher W. Bauman, Leigh Plunkett Tost, Ong, Madeline

Research Collection Lee Kong Chian School Of Business

Do bad role models exonerate others’ unethical behavior? Based on social learning theory and psychologicaltheories of blame, we predicted that unethical behavior by higher-ranking individuals changes howpeople respond to lower-ranking individuals who subsequently commit the same transgression. Fivestudies explored when and why this rank-dependent imitation effect occurs. Across all five studies, wefound that people were less punitive when low-ranking transgressors imitated high-ranking membersof their organization. However, imitation only reduced punishment when the two transgressors werefrom the same organization (Study 2), when the transgressions were highly similar (Study 3), and whenit was unclear whether the initial transgressor was punished (Study 5). …

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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.

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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. …

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Identifying Latent Structures In Panel Data, Liangjun Su, Zhentao Shi, Peter C. B. Phillips Nov 2016

Identifying Latent Structures In Panel Data, Liangjun Su, Zhentao Shi, Peter C. B. Phillips

Research Collection School Of Economics

This paper provides a novel mechanism for identifying and estimating latent group structures in panel data using penalized techniques. We consider both linear and nonlinear models where the regression coefficients are heterogeneous across groups but homogeneous within a group and the group membership is unknown. Two approaches are consideredpenalized profile likelihood (PPL) estimation for the general nonlinear models without endogenous regressors, and penalized GMM (PGMM) estimation for linear models with endogeneity. In both cases, we develop a new variant of Lasso called classifier-Lasso (C-Lasso) that serves to shrink individual coefficients to the unknown group-specific coefficients. C-Lasso achieves simultaneous classification and …

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Homogeneity Pursuit In Panel Data Models: Theory And Applications, Wuyi Wang, Peter C. B. Phillips, Liangjun Su Nov 2016

Homogeneity Pursuit In Panel Data Models: Theory And Applications, Wuyi Wang, Peter C. B. Phillips, Liangjun Su

Research Collection School Of Economics

This paper studies estimation of a panel data model with latent structures where individuals can be classified into different groups where slope parameters are homogeneous within the same group but heterogeneous across groups. To identify the unknown group structure of vector parameters, we design an algorithm called Panel-CARDS which is a systematic extension of the CARDS procedure proposed by Ke, Fan, and Wu (2015) in a cross section framework. The extension addresses the problem of comparing vector coefficients in a panel model for homogeneity and introduces a new concept of controlled classification of multidimensional quantities called the segmentation net. We …

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Institute For Societal Leadership Officially Launched By Singapore Deputy Prime Minister Mr Tharman Shanmugaratnam At Societal Leadership Summit 2016, Singapore Management University Nov 2016

Institute For Societal Leadership Officially Launched By Singapore Deputy Prime Minister Mr Tharman Shanmugaratnam At Societal Leadership Summit 2016, Singapore Management University

SMU Press Releases

The Institute for Societal Leadership (ISL) under the Singapore Management University (SMU) was today officially launched by distinguished Guest of Honour Mr Tharman Shanmugaratnam, Deputy Prime Minister (DPM) and Coordinating Minister for Economic and Social Policies of Singapore, during the Societal Leadership Summit 2016. DPM Tharman also delivered a keynote address on societal leadership. ISL is the first and only institution in Asia that focuses on societal leadership. The Institute was formed to advance Societal Leadership in Southeast Asia and beyond. It is anchored on SMU’s foundation of academic rigour and aims to achieve a greater applied understanding of societal …

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Ueber-Brands: How To Make Your Brand Priceless?, J. P. Kuehlwein, Wolf Schaefer Nov 2016

Ueber-Brands: How To Make Your Brand Priceless?, J. P. Kuehlwein, Wolf Schaefer

Asian Management Insights

Ueber-Brands—brands that are valued beyond their price and esteemed beyond their size. These brands are unique in that they have captured not just the wallet but also the hearts of a huge, loyal and growing customer base.

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Asean's Digital Economy, Naveen Menon Nov 2016

Asean's Digital Economy, Naveen Menon

Asian Management Insights

Transforming industries, enriching lives and propelling progress.

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Connecting India, Sam Pitroda Nov 2016

Connecting India, Sam Pitroda

Asian Management Insights

Great inventions will not be born in the absence of the will and intent to embrace change and solve wideranging societal problems.

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Bargaining Zone Distortion In Negotiations: The Elusive Power Of Multiple Alternatives, Michael Schaerer, David D. Loschelder, Roderick I. Swaab Nov 2016

Bargaining Zone Distortion In Negotiations: The Elusive Power Of Multiple Alternatives, Michael Schaerer, David D. Loschelder, Roderick I. Swaab

Research Collection Lee Kong Chian School Of Business

We challenge the assumption that having multiple alternatives is always better than a single alternative by showing that negotiators who have additional alternatives ironically exhibit downward-biased perceptions of their own and their opponent’s reservation price, make lower demands, and achieve worse outcomes in distributive negotiations. Five studies demonstrate that the apparent benefits of multiple alternatives are elusive because multiple alternatives led to less ambitious first offers (Studies 1–2) and less profitable agreements (Study 3). This distributive disadvantage emerged because negotiators’ perception of the bargaining zone was more distorted when they had additional (less attractive) alternatives than when they only had …

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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 …

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Cross-Disciplinary Working In The Sciences And Humanities: Historical Data Rescue Activities In Southeast Asia And Beyond, Fiona Williamson Nov 2016

Cross-Disciplinary Working In The Sciences And Humanities: Historical Data Rescue Activities In Southeast Asia And Beyond, Fiona Williamson

Research Collection School of Social Sciences

This paper argues that more work is needed to facilitate cross-disciplinary collaborations by scholars across the physical sciences and humanities to improve Data Rescue Activities (DARE). Debate over the scale and potential impact of anthropogenic global warming is one of the dominant narratives of the twenty-first century. Predicting future climates and determining how environment and society might be affected by climate change are global issues of social, economic and political importance. They require responses from different research communities and necessitate closer inter-disciplinary working relationships for an integrated approach. Improving the datasets required for long-term climate models is an important part …

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Urban Adaptation To Mega-Drought: Anticipatory Water Modeling, Policy, And Planning For The Urban Southwest, Patricia Gober, David A. Sampson, Ray Quay, Dave D. White, Winston T. L. Chow Nov 2016

Urban Adaptation To Mega-Drought: Anticipatory Water Modeling, Policy, And Planning For The Urban Southwest, Patricia Gober, David A. Sampson, Ray Quay, Dave D. White, Winston T. L. Chow

Research Collection School of Social Sciences

This paper uses ‘Medieval’ drought conditions from the 12th Century to simulate the implications of severe and persistent drought for the future of water resource management in metropolitan Phoenix, one of the largest and fastest growing urban areas in the southwestern USA. WaterSim 5, an anticipatory water policy and planning model, was used to explore groundwater sustainability outcomes for mega-drought conditions across a range of policies, including population growth management, water conservation, water banking, direct reuse of RO reclaimed water, and water augmentation. Results revealed that business-as-usual population growth, per capita use trends, and management strategies are not sustainable over …

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Country Roads, Take Me Home ... To My Friends: How Intelligence, Population Density, And Friendship Affect Modern Happiness, Norman P. Li, Satoshi Kanazawa Nov 2016

Country Roads, Take Me Home ... To My Friends: How Intelligence, Population Density, And Friendship Affect Modern Happiness, Norman P. Li, Satoshi Kanazawa

Research Collection School of Social Sciences

We propose the savanna theory of happiness, which suggests that it is not only the current consequences of a given situation but also its ancestral consequences that affect individuals’ life satisfaction and explains why such influences of ancestral consequences might interact with intelligence. We choose two varied factors that characterize basic differences between ancestral and modern life – population density and frequency of socialization with friends – as empirical test cases. As predicted by the theory, population density is negatively, and frequency of socialization with friends is positively, associated with life satisfaction. More importantly, the main associations of life satisfaction …

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Inventing The ‘Authentic’ Self: American Television And Chinese Audiences In Global Beijing, Yang Gao Nov 2016

Inventing The ‘Authentic’ Self: American Television And Chinese Audiences In Global Beijing, Yang Gao

Research Collection School of Social Sciences

This article examines the ways educated urban Chinese youths engage American television fiction as part of their identity work. Drawing on theories of modern reflexive identity, and based on 29 interviews with US TV fans among university students in Beijing, I found these youths are drawn to this television primarily because they perceive the American way of life portrayed on it as more ‘authentic’. This perception of authenticity must be examined within the socio-cultural milieu these students inhabit. Specifically, torn between China’s ingrained collectivist culture and its recent neoliberal emphasis on the individual self, my respondents glean from US TV …

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Parasite Stress And Pathogen Avoidance Relate To Distinct Dimensions Of Political Ideology Across 30 Nations, J.M. Tybur, Y. Inbar, L. Aaroe, P. Barclay, F.K. Barlow, M. De Barra, D.V. Becker, L. Borovoi, I. Choi, J.A. Choi, N.S. Consedine, A. Conway, J.R. Conway, Li, Norman P., Jose C. Yong, D.E. Demirci, A.M. Fernandez, D.C.S. Ferreira, K. Ishii, I. Jaksic Nov 2016

Parasite Stress And Pathogen Avoidance Relate To Distinct Dimensions Of Political Ideology Across 30 Nations, J.M. Tybur, Y. Inbar, L. Aaroe, P. Barclay, F.K. Barlow, M. De Barra, D.V. Becker, L. Borovoi, I. Choi, J.A. Choi, N.S. Consedine, A. Conway, J.R. Conway, Li, Norman P., Jose C. Yong, D.E. Demirci, A.M. Fernandez, D.C.S. Ferreira, K. Ishii, I. Jaksic

Research Collection School of Social Sciences

People who are more avoidant of pathogens are more politically conservative, as are nations with greater parasite stress. In the current research, we test two prominent hypotheses that have been proposed as explanations for these relationships. The first, which is an intragroup account, holds that these relationships between pathogens and politics are based on motivations to adhere to local norms, which are sometimes shaped by cultural evolution to have pathogenneutralizing properties. The second, which is an intergroup account, holds that these same relationships are based on motivations to avoid contact with outgroups, who might pose greater infectious disease threats than …

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Is The Smartphone A Smart Choice? The Effect Of Smartphone Separation On Executive Functions, Andree Hartanto, Hwajin Yang Nov 2016

Is The Smartphone A Smart Choice? The Effect Of Smartphone Separation On Executive Functions, Andree Hartanto, Hwajin Yang

Research Collection School of Social Sciences

Despite a huge spike in smartphone overuse, the cognitive and emotional consequences of smartphone overuse have rarely been examined empirically. In two studies, we investigated whether separation from a smartphone influences state anxiety and impairs higher-order cognitive processes, such as executive functions. We found that smartphone separation causes heightened anxiety, which in turn mediates the adverse effect of smartphone separation on all core aspects of executive functions, including shifting (Experiment 1) and inhibitory control and working-memory capacity (Experiment 2). Interestingly, impaired mental shifting was evident regardless of the extent of smartphone addiction, whereas smartphone addiction significantly moderated the negative effect …

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Small Infrastructure Has Big Impact In China, John A. Donaldson Nov 2016

Small Infrastructure Has Big Impact In China, John A. Donaldson

Research Collection School of Social Sciences

It is a familiar dilemma to policymakers around Asia: How much infrastructure, and what kind, is enough? How should developing economies prioritize when the needs are so great? China’s experience offers a surprising answer. While large-scale infrastructure sometimes generates GDP growth (it often does not), smaller is often better for poverty reduction.

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What Do Chinese Really Think About Democracy And India?, Devin K. Joshi, Yizhe Xu Nov 2016

What Do Chinese Really Think About Democracy And India?, Devin K. Joshi, Yizhe Xu

Research Collection School of Social Sciences

There has been much speculation about whether China will democratize and avoid conflict with India in the twenty-first century. Yet, few studies have investigated how contemporary Chinese view India and its democracy. Addressing this gap in the literature, the authors examined Chinese media coverage of India’s two-month long April–May 2014 parliamentary election, the largest election in world history, through systematic analysis of over 500 articles from ten major mass media outlets and over 27,000 messages transmitted on Sina Weibo social media. As might be expected, Chinese mass media generally portrayed India and its elections in a condescending fashion while avoiding …

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Validating A Measure Of Beliefs In Health Prevention Screenings Among Old Adults In China, H. Xu, Paulin Tay Straughan, W. Pan, Z. Zhen, B. Wu Nov 2016

Validating A Measure Of Beliefs In Health Prevention Screenings Among Old Adults In China, H. Xu, Paulin Tay Straughan, W. Pan, Z. Zhen, B. Wu

Research Collection School of Social Sciences

We aimed to examine the psychometric properties of a modified 16-item Attitudinal Index (AI), a measure of health beliefs in health prevention screenings among Chinese older adults. We used the 2013 Shanghai Longitudinal Survey of Elderly Life and Opinion data including 3418 respondents aged 60 and above. We examined the validity and reliability of the modified AI. Psychometric evaluation of the modified AI revealed good response patterns. The overall scale had good reliability (Cronbach’s alpha = 0.835) with four distinct dimensions: barriers, fatalism, unnecessary, and detects (Cronbach’s alpha = 0.815 to 0.908). Confirmatory factor analysis of the modified AI’s factor …

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The New Global Energy Governance, Ann Florini Nov 2016

The New Global Energy Governance, Ann Florini

Research Collection School of Social Sciences

Until recently, global energy policy - to the degree there was any meaningful globally coordinated energy policy – dealt overwhelmingly with oil. Now, a new agenda and new set of actors is coming into play. The world needs a fundamental change in energy systems to meet the challenges of the 21st century. The task is to provide more energy to more people without fostering runaway climate change or going to war over resources. With formal global agreement in 2015 on the need to move rapidly toward decarbonisation of the energy system, while simultaneously providing energy access to the billions who …

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Asymptotically Refined Score And Gof Tests For Inverse Gaussian Models, Anthony F. Desmond, Zhenlin Yang Nov 2016

Asymptotically Refined Score And Gof Tests For Inverse Gaussian Models, Anthony F. Desmond, Zhenlin Yang

Research Collection School Of Economics

The score test and the GOF test for the inverse Gaussian distribution, in particular the latter, are known to have large size distortion and hence unreliable power when referring to the asymptotic critical values. We show in this paper that with the appropriately bootstrapped critical values, these tests become second-order accurate, with size distortion being essentially eliminated and power more reliable. Two major generalizations of the score test are made: one is to allow the data to be right-censored, and the other is to allow the existence of covariate effects. A data mapping method is introduced for the bootstrap to …

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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 …

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Semiparametric Single Index Panel Data Models With Interactive Fixed Effects: Theory And Practice, Guohua Feng, Bin Peng, Liangjun Su, Thomas Tao Yang Nov 2016

Semiparametric Single Index Panel Data Models With Interactive Fixed Effects: Theory And Practice, Guohua Feng, Bin Peng, Liangjun Su, Thomas Tao Yang

Research Collection School Of Economics

In this paper, we propose a single-index panel data model with unobserved multiple interactive fixed effects. This model has the advantages of being flexible and of being able to allow for common shocks and their heterogeneous impacts on cross sections, thus making it suitable for the investigation of many economic issues. We derive asymptotic theories for both the case where the link function is integrable and the case where the link function is non-integrable. Our Monte Carlo simulations show that our methodology works well for large N and T cases. In our empirical application, we illustrate our model by analyzing …

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On David Miller On Immigration Control, Chandran Kukathas Oct 2016

On David Miller On Immigration Control, Chandran Kukathas

Research Collection School of Social Sciences

David Miller offers a liberal realist defence of immigration control grounded in cosmopolitan ideals of self-determination, fairness and integration. But a commitment to liberal values requires a commitment to more open borders than he admits. A part of the problem is that the notion of open borders Miller criticises is under-theorised. A deeper problem is that immigration control itself is inconsistent with important liberal values – notably the values of freedom and equality. This is a concern because it is the freedom and equality not only of immigrants but also of citizens that is threatened by the closing of borders.

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Rebalancing China, Singapore Management University Oct 2016

Rebalancing China, Singapore Management University

Perspectives@SMU

China’s shift towards a consumption-led economy presents threats and opportunities for Asian economies

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Exploration, Preservation And A Culture Of Innovation, Singapore Management University Oct 2016

Exploration, Preservation And A Culture Of Innovation, Singapore Management University

Perspectives@SMU

Knowing one’s leadership style can help in promoting a culture of innovation

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Family Inc., Singapore Management University Oct 2016

Family Inc., Singapore Management University

Perspectives@SMU

It is a tough act to strike a delicate balance between family and business, says a fifth-generation business owner

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Leader Of The Pack: What Makes The Alibaba Group So Successful, Singapore Management University Oct 2016

Leader Of The Pack: What Makes The Alibaba Group So Successful, Singapore Management University

Perspectives@SMU

The 'people's platform' sells more than eBay and Amazon combined

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