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Singapore Management University

2011

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Reflecting On Appeals On Questions Of Law Arising Out Of Domestic Arbitration Awards, Darius Chan, Paul Tan Dec 2011

Reflecting On Appeals On Questions Of Law Arising Out Of Domestic Arbitration Awards, Darius Chan, Paul Tan

Research Collection Yong Pung How School Of Law

Domestic arbitration awards rendered under the Arbitration Act (Cap 10, 2002 Rev Ed) (“the Act”) can be subject to appeal on a question of law arising out of an award. Unless parties consent, an appeal can only be brought with the leave of court.


Understanding How Timing Of Alliance Formation Affects New-Venture Survival: The Dynamics Of Temporal Congruence And Contingency, David Gomulya Dec 2011

Understanding How Timing Of Alliance Formation Affects New-Venture Survival: The Dynamics Of Temporal Congruence And Contingency, David Gomulya

Research Collection Lee Kong Chian School Of Business

New-venture survival has greatly interested many scholars. While alliances have been shown to increase survival, the literature remains silent regarding the effect of timing of alliance formations. Related literatures regarding timing of other types of actions have also been unable to theoretically explain their conflicting empirical findings, which suggest that the effect of timing can range from positive to negative. To fill critical theoretical gaps, I develop a novel model based on temporal changes during the pre- and post-formation phases of an alliance. I show the effect can indeed range from positive to negative. I delineate further boundary condition.


Don't Blame Me: The Effects Of Ceo Power, Board Affiliation, And Sarbanes-Oxley On Ceo Turnover Following Financial Misrepresentation, David Gomulya Dec 2011

Don't Blame Me: The Effects Of Ceo Power, Board Affiliation, And Sarbanes-Oxley On Ceo Turnover Following Financial Misrepresentation, David Gomulya

Research Collection Lee Kong Chian School Of Business

I examine the conditions under which CEOs are terminated as an outcome of firm financial restatements. I find that chief executive‘s power acts to limit terminations,especially in cases of more severe restatements, while board members most closely affiliated with the CEO appear to avoid the stigma of financial restatements by deflecting blame to the CEO, increasing terminations. I also examine the effectiveness of regulatory remedies such as Sarbanes-Oxley, aimed at strongly penalizing CEOs for financial misrepresentation. Sarbanes-Oxley significantly alters the relationship between CEOs and their board. My context is restating U.S. public firms before (1995-1998) and after Sarbanes-Oxley (2003-2006).


Opportunities And Challenges For The Asset Management Industry, Singapore Management University Dec 2011

Opportunities And Challenges For The Asset Management Industry, Singapore Management University

Perspectives@SMU

With the secular rise of Asia and a deluge of capital inflows, amid a backdrop of battered global financial markets, bankers, asset managers, academics and investors gathered to hear and discuss the opportunities and challenges facing the asset management industry in Asia. Organised by the Centre for Asset Securitisation and Management in Asia(CASA), under SMU's Sim Kee Boon Institute for Financial Economics, the inaugural asset management conference hosted a panel of experts.


Chilling A Hot Planet: Many Solutions, No Answers, Singapore Management University Dec 2011

Chilling A Hot Planet: Many Solutions, No Answers, Singapore Management University

Perspectives@SMU

If there was a report card on how the world is doing on issues related to climate change, it would read a resounding 'F'. Consider the figures. It took about 12,500 years between the last glacial age and today for global temperatures to rise six degrees Celsius. Yet in this century alone – despite heightened awareness of the need to arrest the ever-increasing levels of greenhouse gas emission – temperatures have risen up to four degrees Celsius.


Read Leadership Books. Become A Leader., Singapore Management University Dec 2011

Read Leadership Books. Become A Leader., Singapore Management University

Perspectives@SMU

When Apple co-founder Steve Jobs died in October, there was a tremendous outpouring of grief from millions of people around the world. It was all the more remarkable that they were celebrating and paying tribute to the life of someone who was neither a humanitarian nor a revered statesman.


Beneath And Beyond The Chinese Miracle, Singapore Management University Dec 2011

Beneath And Beyond The Chinese Miracle, Singapore Management University

Perspectives@SMU

China’s rapid economic progress from an impoverished communist state to the world’s second largest economy within just three decades has enthralled many economists. That the country shifted from the classical centrally-planned command economy to one espousing free market practices while maintaining communist rule, has all given rise to this question: What exactly is the China model? Is it the hybrid of innovative state ownership and tight political control? Or is the rapid growth the result of liberal economic and political reforms?


Social Renaissance: When Governments, Businesses And Society Collaborate, Singapore Management University Dec 2011

Social Renaissance: When Governments, Businesses And Society Collaborate, Singapore Management University

Perspectives@SMU

The world has been great at inventing high-tech “stuff” but it hasn’t been so good “at things to do with humanity and people” said Geoff Mulgan, chief executive of NESTA, the UK’s National Endowment for Science Technology and the Arts. He was speaking at Social iCon 2011, a conference jointly organised by the Lien Centre for Social Innovation, the Young Foundationand Ashoka. Held at Singapore Management University (SMU), the conference saw a gathering of veteran social innovators eager to share their experiences with participants.


Chilling A Hot Planet: Many Solutions, No Answers, Knowledge@Smu Dec 2011

Chilling A Hot Planet: Many Solutions, No Answers, Knowledge@Smu

Knowledge@SMU

Rising temperatures and massive environmental catastrophes should rightly bring about greater emphases on climate change issues. Yet, there is much inertia due to disagreements amongst world leaders on emission curbs and their ensuing economic impact. A panel of speakers at the recent Social Sciences and Humanities Seminar on climate change discussed the various approaches taken by governments as such issues feature increasingly not just in political chatter, but also, in security assessment.


Social Renaissance: When Governments, Businesses And Society Collaborate, Knowledge@Smu Dec 2011

Social Renaissance: When Governments, Businesses And Society Collaborate, Knowledge@Smu

Knowledge@SMU

It would neither be appropriate nor reasonable to apply conventional thinking to new and increasingly complex social issues. Creative thinking and innovation, more often associated with arts and technology, can bring great value to the social sector. Best of all, it can, all at once, address public, private and social sector challenges. Speaking at the Lien Centre for Social Innovation's Social iCon 2011 conference, Geoff Mulgan, chief executive of UK's National Endowment for Science, Technology and the Arts, shared insights on social innovation can create win-win solutions.


E-Learning At The Li Ka Shing Library: Another Step Forward, Yuyun W. Ishak, Rajendra Munoo, Chrissy Tan, Devika Sangaram, Janelle Chin Dec 2011

E-Learning At The Li Ka Shing Library: Another Step Forward, Yuyun W. Ishak, Rajendra Munoo, Chrissy Tan, Devika Sangaram, Janelle Chin

Research Collection Library

No abstract provided.


Mobile Phone Graph Evolution: Findings, Model And Interpretation, Siyuan Liu, Lei Li, Christos Faloutsos, Lionel M. Ni Dec 2011

Mobile Phone Graph Evolution: Findings, Model And Interpretation, Siyuan Liu, Lei Li, Christos Faloutsos, Lionel M. Ni

LARC Research Publications

What are the features of mobile phone graph along the time? How to model these features? What are the interpretation for the evolutional graph generation process? To answer the above challenging problems, we analyze a massive who-call-whom networks as long as a year, gathered from records of two large mobile phone communication networks both with 2 million users and 2 billion of calls. We examine the calling behavior distribution at multiple time scales (e.g. day, week, month and quarter), and find that the distribution is not only skewed with a heavy tail, but also changing at different time scales. How …


Smu Lee Kong Chian School Of Business One Of The Youngest In The World To Be Equis-Accredited For Five Years, Singapore Management University Dec 2011

Smu Lee Kong Chian School Of Business One Of The Youngest In The World To Be Equis-Accredited For Five Years, Singapore Management University

SMU Press Releases

No abstract provided.


Assessing The Impact Of Recommendation Agents On On-Line Consumer Unplanned Purchase Behavior, R. Eric Hostler, Victoria Y. Yoon, Zhiling Guo, Tor Guimaraes, Guisseppi Forgionne Dec 2011

Assessing The Impact Of Recommendation Agents On On-Line Consumer Unplanned Purchase Behavior, R. Eric Hostler, Victoria Y. Yoon, Zhiling Guo, Tor Guimaraes, Guisseppi Forgionne

Research Collection School Of Computing and Information Systems

Recommendation agents (RAs) have been used by many Internet businesses such as Amazon and Netflix. However, few authors have studied how consumer behavior is affected by those that make suggestions to online consumers based on their recent shopping behavior. Fewer still have examined the role that RAs play in influencing impulse purchasing decisions online. Our study developed a theoretical model to illustrate the impact of RAs on online consumer behavior. The model was tested through an online shopping simulation which used a collaborative filtering based product RA. Particular attention was paid to the effects of an RA on consumer behavior; …


Retrieval-Based Face Annotation By Weak Label Regularized Local Coordinate Coding, Dayong Wang, Steven C. H. Hoi, Ying He, Jianke Zhu Dec 2011

Retrieval-Based Face Annotation By Weak Label Regularized Local Coordinate Coding, Dayong Wang, Steven C. H. Hoi, Ying He, Jianke Zhu

Research Collection School Of Computing and Information Systems

Retrieval-based face annotation is a promising paradigm in mining massive web facial images for automated face annotation. Such an annotation paradigm usually encounters two key challenges. The first challenge is how to efficiently retrieve a short list of most similar facial images from facial image databases, and the second challenge is how to effectively perform annotation by exploiting these similar facial images and their weak labels which are often noisy and incomplete. In this paper, we mainly focus on tackling the second challenge of the retrieval-based face annotation paradigm. In particular, we propose an effective Weak Label Regularized Local Coordinate …


Automated Removal Of Cross Site Scripting Vulnerabilities In Web Applications, Lwin Khin Shar, Hee Beng Kuan Tan Dec 2011

Automated Removal Of Cross Site Scripting Vulnerabilities In Web Applications, Lwin Khin Shar, Hee Beng Kuan Tan

Research Collection School Of Computing and Information Systems

Context: Cross site scripting (XSS) vulnerability is among the top web application vulnerabilities according to recent surveys. This vulnerability occurs when a web application uses inputs received from users in web pages without properly checking them. This allows an attacker to inject malicious scripts in web pages via such inputs such that the scripts perform malicious actions when a client visits the exploited web pages. Such an attack may cause serious security violations such as account hijacking and cookie theft. Current approaches to mitigate this problem mainly focus on effective detection of XSS vulnerabilities in the programs or prevention of …


Wsm 2011: Third Acm Workshop On Social Media, Steven C. H. Hoi, Michal Jacovi, Ioannis Kompatsiaris, Jiebo Luo, Konstantinos Tserpes Dec 2011

Wsm 2011: Third Acm Workshop On Social Media, Steven C. H. Hoi, Michal Jacovi, Ioannis Kompatsiaris, Jiebo Luo, Konstantinos Tserpes

Research Collection School Of Computing and Information Systems

The Third Workshop on Social Media (WSM2011) continues the series of Workshops on Social Media in 2009 and 2010 and has been established as a platform for the presentation and discussion of the latest, key research issues in social media analysis, exploration, search, mining, and emerging new social media applications. It is held in conjunction with the ACM International Multimedia Conference (MM'11) at Scottsdale, Arizona, USA, 2011 and has attracted contributions on various aspects of social media including data mining from social media, content organization, geo-localization, personalization, recommendation systems, user experience, machine learning and social media approaches and architectures for …


Towards Textually Describing Complex Video Contents With Audio-Visual Concept Classifiers, Chun Chet Tan, Yu-Gang Jiang, Chong-Wah Ngo Dec 2011

Towards Textually Describing Complex Video Contents With Audio-Visual Concept Classifiers, Chun Chet Tan, Yu-Gang Jiang, Chong-Wah Ngo

Research Collection School Of Computing and Information Systems

Automatically generating compact textual descriptions of complex video contents has wide applications. With the recent advancements in automatic audio-visual content recognition, in this paper we explore the technical feasibility of the challenging issue of precisely recounting video contents. Based on cutting-edge automatic recognition techniques, we start from classifying a variety of visual and audio concepts in video contents. According to the classification results, we apply simple rule-based methods to generate textual descriptions of video contents. Results are evaluated by conducting carefully designed user studies. We find that the state-of-the-art visual and audio concept classification, although far from perfect, is able …


Cross Media Hyperlinking For Search Topic Browsing, Song Tan, Chong-Wah Ngo, Hung-Khoon Tan, Lei Pang Dec 2011

Cross Media Hyperlinking For Search Topic Browsing, Song Tan, Chong-Wah Ngo, Hung-Khoon Tan, Lei Pang

Research Collection School Of Computing and Information Systems

With the rapid growth of social media, there are plenty of information sources freely available online for use. Nevertheless, how to synchronize and leverage these diverse forms of information for multimedia applications remains a problem yet to be seriously studied. This paper investigates the synchronization of multiple media content in the physical form of hyperlinking them. The ultimate goal is to develop browsing systems that author search results with rich media information mined from various knowledge sources. The authoring enables the vivid visualization and exploration of different information landscapes inherent in search results. Several key techniques are studied in this …


Investment Treaty Disputes: Ideological Fault Lines And An Evolving Zeitgeist, Locknie Hsu Dec 2011

Investment Treaty Disputes: Ideological Fault Lines And An Evolving Zeitgeist, Locknie Hsu

Research Collection Yong Pung How School Of Law

The zeitgeist of the 21st century in the field of investment treaty arbitrations comprises a rise in the number of such arbitrations and accompanying observations on the unwieldy jurisprudential effects of such a rise. The international investment arbitration community is alive with discussion over these effects, which discussion includes an examination of the value of prior awards as precedents.' The existing regime based on treaty interpretation clearly provides no formal system of precedent and the 'players' (read: arbitrators) change from dispute to dispute as investment arbitration tribunals do not fall within a single, neat judicial hierarchical system. With the number …


The Prosecution's Duty Of Disclosure In Singapore: Muhammad Bin Kadar V Public Prosecutor [2011] 3 Slr 1205, Siyuan Chen Dec 2011

The Prosecution's Duty Of Disclosure In Singapore: Muhammad Bin Kadar V Public Prosecutor [2011] 3 Slr 1205, Siyuan Chen

Research Collection Yong Pung How School Of Law

The Court of Appeal (CA) judgment in Muhammad bin Kadar v Public Prosecutor created quite a stir in Singapore. The case pertained to a murder involving two suspects, and its resolution took almost six years, with many twists and turns as to the actual facts. The CA attributed the confusion in part to questionable practices adopted by the police and the prosecution at various points in the proceedings, and reserved strong words for them in its judgment. It also established new requirements for the prosecution regarding its duty to the court to disclose relevant material not favourable to the case …


Revisiting The Similar Fact Rule In Singapore: Public Prosecutor V. Mas Swan Bin Adnan And Another, Siyuan Chen Dec 2011

Revisiting The Similar Fact Rule In Singapore: Public Prosecutor V. Mas Swan Bin Adnan And Another, Siyuan Chen

Research Collection Yong Pung How School Of Law

The similar fact rule in Singapore—as with the law on any evidence law doctrine that can be found in both our Evidence Act and the common law—has required clarification for some time. This note, which discusses the latest local decision on the similar fact rule, considers if that decision is compatible with the Evidence Act and the various conceptualisations underlying the doctrine.


Have We Become A Template Nation?, Tan K. B. Eugene Dec 2011

Have We Become A Template Nation?, Tan K. B. Eugene

Research Collection Yong Pung How School Of Law

In his commentary, SMU assistant professor of law Eugene Tan observed that last week's three MRT service breakdowns have raised concerns over whether our public transport system is able to cope with the increased commuter load and public expectations. While the road and rail infrastructure has grown significantly in the last few years, doubts now fester as to whether the relevant organisations, the people who run them and the systems and policies, have kept pace.


Vireo@Trecvid 2011: Instance Search, Semantic Indexing, Multimedia Event Detection And Known-Item Search, Chong-Wah Ngo, Shi-Ai Zhu, Wei Zhang, Chun-Chet Tan, Ting Yao, Lei Pang, Hung-Khoon Tan Dec 2011

Vireo@Trecvid 2011: Instance Search, Semantic Indexing, Multimedia Event Detection And Known-Item Search, Chong-Wah Ngo, Shi-Ai Zhu, Wei Zhang, Chun-Chet Tan, Ting Yao, Lei Pang, Hung-Khoon Tan

Research Collection School Of Computing and Information Systems

The vireo group participated in four tasks: instance search, semantic indexing, multimedia event detection and known-item search. In this paper,we will present our approaches and discuss the evaluation results.


Kovesi And The Formal And Material Elements Of Concepts, T. Brian Mooney, Mark Nowacki, John N. Williams Dec 2011

Kovesi And The Formal And Material Elements Of Concepts, T. Brian Mooney, Mark Nowacki, John N. Williams

Research Collection School of Social Sciences

In his seminal work Moral Notions, Julius Kovesi presents a novel account of concept formation. At the heart of this account is a distinction between what he terms the material element and the formal element of concepts. This paper elucidates his distinction in detail and contrasts it with other distinctions such as form-matter, universal-particular, genus-difference, necessary-sufficient, and open texture-closed texture. We situate Kovesi’s distinction within his general philosophical method, outlining his views on concept formation in general and explain how his theory of concept formation is applied in moral philosophy.


Quasi‐Hidden Markov Model And Its Applications In Cluster Analysis Of Earthquake Catalogs, Zhengxiao Wu Dec 2011

Quasi‐Hidden Markov Model And Its Applications In Cluster Analysis Of Earthquake Catalogs, Zhengxiao Wu

Research Collection School of Economics

We identify a broad class of models, quasi-hidden Markov models (QHMMs), which include hidden Markov models (HMMs) as special cases. Applying the QHMM framework, this paper studies how an earthquake cluster propagates statistically. Two QHMMs are used to describe two different propagating patterns. The “mother-and-kids” model regards the first shock in an earthquake cluster as “mother” and the aftershocks as “kids,” which occur in a neighborhood centered by the mother. In the “domino” model, however, the next aftershock strikes in a neighborhood centered by the most recent previous earthquake in the cluster, and therefore aftershocks act like dominoes. As the …


Power Maximization And Size Control Of Heteroscedasticity And Autocorrelation Robust Tests With Exponentiated Kernels, Yixiao Sun, Peter C. B. Phillips, Sainan Jin Dec 2011

Power Maximization And Size Control Of Heteroscedasticity And Autocorrelation Robust Tests With Exponentiated Kernels, Yixiao Sun, Peter C. B. Phillips, Sainan Jin

Research Collection School Of Economics

Using the power kernels of Phillips, Sun, and Jin (2006, 2007), we examine the large sample asymptotic properties of the t-test for different choices of power parameter (ρ). We show that the nonstandard fixed-ρ limit distributions of the t-statistic provide more accurate approximations to the finite sample distributions than the conventional large-ρ limit distribution. We prove that the second-order corrected critical value based on an asymptotic expansion of the nonstandard limit distribution is also second-order correct under the large-ρ asymptotics. As a further contribution, we propose a new practical procedure for selecting the test-optimal power parameter that addresses the central …


Uniform Asymptotic Normality In Stationary And Unit Root Autoregression, Chirok Han, Peter C. B. Phillips, Donggyu Sul Dec 2011

Uniform Asymptotic Normality In Stationary And Unit Root Autoregression, Chirok Han, Peter C. B. Phillips, Donggyu Sul

Research Collection School Of Economics

While differencing transformations can eliminate nonstationarity, they typically reduce signal strength and correspondingly reduce rates of convergence in unit root autoregressions. The present paper shows that aggregating moment conditions that are formulated in differences provides an orderly mechanism for preserving information and signal strength in autoregressions with some very desirable properties. In first order autoregression, a partially aggregated estimator based on moment conditions in differences is shown to have a limiting normal distribution that holds uniformly in the autoregressive coefficient rho, including stationary and unit root cases. The rate of convergence is root n when vertical bar rho vertical bar < 1 and the limit distribution is the same as the Gaussian maximum likelihood estimator (MLE), but when rho = 1 the rate of convergence to the normal distribution is within a slowly varying factor of n. A fully aggregated estimator (FAE) is shown to have the same limit behavior in the stationary case and to have nonstandard limit distributions in unit root and near integrated cases, which reduce both the bias and the variance of the MLE. This result shows that it is possible to improve on the asymptotic behavior of the MLE without using an artificial shrinkage technique or otherwise accelerating convergence at unity at the cost of performance in the neighborhood of unity. Confidence intervals constructed from the FAE using local asymptotic theory around unity also lead to improvements over the MLE.


Corporate Philanthropy And Corporate Financial Performance: The Roles Of Social Response And Political Access, Heli Wang, Cuili Qian Dec 2011

Corporate Philanthropy And Corporate Financial Performance: The Roles Of Social Response And Political Access, Heli Wang, Cuili Qian

Research Collection Lee Kong Chian School Of Business

Corporate philanthropy is expected to positively affect firm financial performance because it helps firms gain sociopolitical legitimacy, which enables them to elicit positive stakeholder responses and to gain political access. The positive philanthropy-performance relationship is stronger for firms with greater public visibility and for those with better past performance, as philanthropy by these firms gains more positive stakeholder responses. Firms that are not government-owned or politically well connected were shown to benefit more from philanthropy, as gaining political resources is more critical for such firms. Empirical analyses using data on Chinese firms listed on stock exchanges from 2001 to 2006 …


Value Relevance Of Blog Visibility, Nan Hu, Ling Liu, Arindam Tripathy, Lee J. Yao Dec 2011

Value Relevance Of Blog Visibility, Nan Hu, Ling Liu, Arindam Tripathy, Lee J. Yao

Research Collection School Of Computing and Information Systems

This study empirically examines the effect of a non-traditional information source, namely a firm's blog visibility on the capital market valuation of firms. After controlling for earnings, book value of equity and other value relevant variables, such as traditional media exposure, R&D spending, and advertising expense, we find a positive association between a firm's blog visibility and its capital market valuation. In addition, we find blog visibility Grange causes trading, not vice versa. Our findings indicate that non-traditional information sources such as blogs help disseminate information and influence consumers' investment decisions by capturing their attention.