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Attitudes And The Risk-Return Paradox: Prospect Theory Explanations, Avi Fiegenbaum, Howard Thomas Mar 1988

Attitudes And The Risk-Return Paradox: Prospect Theory Explanations, Avi Fiegenbaum, Howard Thomas

Research Collection Lee Kong Chian School Of Business

This study attempted to explain Bowman's risk-return paradox in terms of recent research in behavioral decision theory and prospect theory. The research emphasized the role of reference, or target, return levels in analyzing risky choices. For returns below target, a large majority of individuals appear to be risk seeking; for returns above target, a large majority appear to be risk averse. Using extensive COMPUSTAT-based data on U.S. firms, we consistently found a negative risk-return association for firms having returns below target levels and a positive association for firms with returns above target. These results support the basic propositions of prospect …

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Value-Added Per Worker, Capital Accumulation And Technical Progress In A Small, Open Economy: An Explanation, Hian Teck Hoon Jan 1988

Value-Added Per Worker, Capital Accumulation And Technical Progress In A Small, Open Economy: An Explanation, Hian Teck Hoon

Research Collection School Of Economics

Within the context of industrial restructuring, it is not uncommon to use terms, such as 'higher value-added per worker', or 'low or high value added activities', and 'high technology' industries. The present note attempts to use the theoretical work in the field of international trade to sharpen our understanding of the relationships among the concepts of value added per worker, capital accumulation, and technical progress. We show that for a large country, capital accumulation raises the real value added per worker in both industries. With neutral technical progress occurring in the L-intensive industry, it is possible for the terms of …

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Theoretical Conundrums And Practical Solutions In Singapore Commercial Law: A Review And Application Of Section 5 Of The Civil Law Act, Andrew B.L. Phang Jan 1988

Theoretical Conundrums And Practical Solutions In Singapore Commercial Law: A Review And Application Of Section 5 Of The Civil Law Act, Andrew B.L. Phang

Research Collection Yong Pung How School Of Law

Singapore plays an important role as a centre of trade and finance. For that reason, therefore, commercial law is arguably the most important branch of law in this island republic.

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'Small Profits': Strukturmerkmale Und Entwicklungsprobleme Der Urbanen Individualwirtschaft In Der Vr China, Wolfgang Jamann, Thomas Menkhoff Jan 1988

'Small Profits': Strukturmerkmale Und Entwicklungsprobleme Der Urbanen Individualwirtschaft In Der Vr China, Wolfgang Jamann, Thomas Menkhoff

Research Collection Lee Kong Chian School Of Business

This article intends to analyse recent structural patterns, development problems and the reasons for rehabilitation of the urban private economy in the People’s Republic of China since 1978. The authors start from the thesis that the so-called “private sector” in China is not comparable with its “out”-differentiated counterpart in Western industrial countries, but is interlaced, in a complex way, with informal, partly illegitimate activities, interpersonal relation-networks (“guanxi”) or economic transactions of state/collective factories. The article illustrates the subordinate situation of the individual labourers in terms of their political regulation by (sometimes restrictive) licence procedures, taxes and fees; resource supply problems …

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Managerial Focal Points In Manufacturing Strategy, Arnoud De Meyer Nov 1987

Managerial Focal Points In Manufacturing Strategy, Arnoud De Meyer

Research Collection Lee Kong Chian School Of Business

Through analysis of specific decisions in the management of manufacturing in 163 companies, we have identified the key dimensions along which mort of the differences among manufacturing strategies can be explained. Previous research—mostly based on clinical observations—has focused on describing the typical decision categories in manufacturing strategy. Our large sample has allowed us to move beyond that and focus on the differences among manufacturing strategies. Data were collected by mailed questionnaires as a part of a large research project ‘Manufacturing Futures’. The responses to a list of 35 specific current action programmes in manufacturing were reduced through a principal component …

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Decoding Of Dbec-Tbed Reed-Solomon Codes, Robert H. Deng, Daniel J. Jr. Costello Nov 1987

Decoding Of Dbec-Tbed Reed-Solomon Codes, Robert H. Deng, Daniel J. Jr. Costello

Research Collection School Of Computing and Information Systems

A problem in designing semiconductor memories is to provide some measure of error control without requiring excessive coding overhead or decoding time. In LSI and VLSI technology, memories are often organized on a multiple bit (or byte) per chip basis. For example, some 256K bit DRAM's are organized in 32K ?? 8 bit-bytes. Byte-oriented codes such as Reed-Solomon (RS) codes can provide efficient low overhead error control for such memories. However, the standard iterative algorithm for decoding RS codes is too slow for these applications. In this correspondence we present a special decoding technique for double-byte-error-correcting (DBEC), triple-byte-error-detecting (TBED) RS …

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The Effects Of A Cpf Cut: A Note, Hian Teck Hoon Oct 1987

The Effects Of A Cpf Cut: A Note, Hian Teck Hoon

Research Collection School Of Economics

No abstract provided.

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The Preface Paradox Dissolved, John N. Williams Aug 1987

The Preface Paradox Dissolved, John N. Williams

Research Collection School of Social Sciences

The preface paradox strikes us as puzzling because we feel that if a person holds a set of inconsistent beliefs, i.e. beliefs such that at least one of them must be correct, then he should give at least one of them up. Equally, if a person's belief is rational, then he has a right to hold it. Yet the preface example is prima facie a case in which a person holds an inconsistent set of beliefs each of which is rational, and thus a case in which that person has a duty to relinquish what he has a right to …

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Reliability And Throughput Analysis Of A Concatenated Coding System, Robert H. Deng, Daniel J. Costello Jul 1987

Reliability And Throughput Analysis Of A Concatenated Coding System, Robert H. Deng, Daniel J. Costello

Research Collection School Of Computing and Information Systems

The performance of a concatenated coding scheme for error control in ARQ systems is analyzed for both random error and burst-error channels. In particular, the probability of undetected error and the system throughput are calculated. In this scheme, the inner code is used for both error correction and error detection, and the outer code is used for error detection only. Interleaving/deinterleaving of the outer code is assumed. A retransmission is requested if either the inner code or the outer code detects the Presence of errors. Various coding examples are considered. The results show that concatenated coding can provide extremely high …

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Conservatism, Liberalism And Ideology, Chandran Kukathas Jun 1987

Conservatism, Liberalism And Ideology, Chandran Kukathas

Research Collection School of Social Sciences

All societies are more or less complex systems of rules, of symbols andsigns directing and constraining individual behavior. The task of thesocial theorist is to analyze and uncover what order may underlie suchstructures. In this regard he faces at least two major problems. First, hehas to determine how far the rules or norms which govern human action define the distribution of power, responsibility and resources, andso determine the relative value placed upon such goods as education, art and scientific inquiry, and how far the existing structure of distribution of power and resources is itself responsible for the prevalence ofparticular rules. …

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Economic Relations Between Asean And Australia, Mohamed Ariff, Ross Garnaut, Hal Hill, Eng Fong Pang Mar 1987

Economic Relations Between Asean And Australia, Mohamed Ariff, Ross Garnaut, Hal Hill, Eng Fong Pang

Research Collection Lee Kong Chian School Of Business

Economic relations between the countries of ASEAN and Australia have developed rapidly in the past 25 years. All countries in the region share a powerful interest in the maintenance of a liberal international trading environment. There is also confineable scope for an expanded. mutually beneficial bilateral relationship if a range of barriers to commercial contact are removed. Public policy reforms, on a non-discriminatory basis are the key to such a relationship.

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A Note On Sargan Densities, Yiu Kuen Tse Mar 1987

A Note On Sargan Densities, Yiu Kuen Tse

Research Collection School Of Economics

This note reexamines the general class of Sargan densities analyzed by Goldfeld and Quandt (1981), Kafei and Schmidt (1985), and others in the context of approximating normal densities in certain econometric models. It suggests a third-order Sargan density which complies with the Goldfeld and Quandt criteria, is unimodal, and is the best approximation to the normal for orders less than or equal to 3. Some errors in Goldfeld and Quandt paper are corrected.

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The Impact Of Cultural Patterns On Cognition And Intention In Singapore, Chin Tiong Tan, John U. Farley Mar 1987

The Impact Of Cultural Patterns On Cognition And Intention In Singapore, Chin Tiong Tan, John U. Farley

Research Collection Lee Kong Chian School Of Business

Ethnicity of models used in advertisements and the advertised product's country of origin are manipulated experimentally to study how attitudes toward advertising and products lead to behavioral intention. A sample of Singaporean students' traditional Eastern values about family and conformity are also examined. Patterns of results for three products are consistent with theoretical predictions of cognitive processes, and attitude-intention links appear stronger than do those in similar tests in the West. Culture has mixed effect.

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Creativity And Responsibility – Covenant, Contract And The Resolution Of Disputes: Introductory Notes, Howard Hunter Jan 1987

Creativity And Responsibility – Covenant, Contract And The Resolution Of Disputes: Introductory Notes, Howard Hunter

Research Collection Yong Pung How School Of Law

Emory University celebrated its 150th birthday in December of 1986. To mark its sesquicentennial the University scheduled a number of events during the 1986-87 academic year. Among these were a series of scholarly exchanges that involved various members of the University faculty. The papers that follow are the products of the first of the Sesquicentennial Colloquia. The participants represented a wide range of disciplines: theology, law, business administration, and political science.

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Impact Of Automation On Process Control Decision-Making, Steven M. Miller, Susan R. Bereiter Jan 1987

Impact Of Automation On Process Control Decision-Making, Steven M. Miller, Susan R. Bereiter

Research Collection School Of Computing and Information Systems

This paper investigates changes in the process control of a vehicle assembly plant which had been modernized from a principally manual procedure to one that uses programmable automation extensively. Process control is defined as the information flow and decision-making required to perform basic process operations. We investigate the effects of implementing a computer-integrated production system on the amount and types of process control decision-making and on the distribution of process control decision-making between humans and machines. After automation, the emphasis on decisions regarding product quality specifications increased and the emphasis on decisions related to flexibility in handling a variety of …

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The Integration Of Information Systems In Manufacturing, Arnoud De Meyer Jan 1987

The Integration Of Information Systems In Manufacturing, Arnoud De Meyer

Research Collection Lee Kong Chian School Of Business

The large majority of modern production companies have at their disposal a multitude of computer systems. The immediate challenge for these companies consists of integrating these computer systems and databases. How will one arrive at this integration? On the basis of a questionnaire administered among a group of 174 large European manufacturers, one comes to the conclusion that this integration is one of the immediate priorities for this group of companies. They do not intend to implement turnkey systems, but instead will integrate the different databases and computer systems gradually. One can see emerging islands of integration, which will be …

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Understanding Spurious Regressions In Econometrics, Peter C. B. Phillips Dec 1986

Understanding Spurious Regressions In Econometrics, Peter C. B. Phillips

Research Collection School Of Economics

This paper provides an analytical study of linear regressions involving the levels of economic time series. An asymptotic theory is developed for regressions that relate quite general integrated random processes. This includes the spurious regressions of Granger and Newbold (1974) and the recent cointegrating regressions of Granger and Engle (1985). An asymptotic theory is developed for the regression coefficients and for conventional significance tests. It is shown that the usual t- and F-ratio test statistics do not possess limiting distributions in this context but actually diverge as the sample size T ↑ ∞. The limiting behavior of regression diagnostics such …

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Of ‘Cut-Off’ Dates And Domination: Some Problematic Aspects Of The General Reception Of English Law In Singapore, Andrew B.L. Phang Dec 1986

Of ‘Cut-Off’ Dates And Domination: Some Problematic Aspects Of The General Reception Of English Law In Singapore, Andrew B.L. Phang

Research Collection Yong Pung How School Of Law

This article deals with some problematic aspects of the general reception of English law in Singapore. It examines, first, the concept of the 'cut-off' date for statutes and the common law. The second substantive part deals with the concepts of suitability and modification, analysing their theoretical cogency as well as their application in the local context. The third and final part of the article examines the relationship between reception and stare decisis, indicating and examining potential contradictions as well as other allied issues.

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The Linguistic Relativity Of Person Cognition: An English-Chinese Comparison, Curt Hoffman, Ivy Yee-Man Lau, David R. Johnson Dec 1986

The Linguistic Relativity Of Person Cognition: An English-Chinese Comparison, Curt Hoffman, Ivy Yee-Man Lau, David R. Johnson

Research Collection School of Social Sciences

Examined the possibility that distinct languages are capable of exerting language-specific effects on people's impressions of and memory for other individuals. Parallel English- and Chinese-language descriptions were created of 2 characters exemplifying personality schemas with economical labels in English but not in Chinese, and 2 characters exemplifying personality schemas with economical labels in Chinese but not in English. Three groups of 12 undergraduates participated as Ss-English monolinguals, Chinese-English bilinguals who read and responded in English, and Chinese-English bilinguals who read and responded in Chinese. It was predicted that Ss processing the target descriptions in English would show greater evidence of …

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Determinants Of Bilateral Trade Flows, Rajendra Kumar Srivastava, Robert T. Green Oct 1986

Determinants Of Bilateral Trade Flows, Rajendra Kumar Srivastava, Robert T. Green

Research Collection Lee Kong Chian School Of Business

What factors influence the level of trade flows that occur between nations? Past studies have answered this question primarily in terms of distance and economic size. The present study considers additional variables as potential determinants of trade relations between nations. Also, trade flows are analyzed by the type of products being exported and imported. The findings show that several additional variables are significant determinants of the level of bilateral trade relations between nations. In addition, it is found that models of trade flows are more appropriate for manufactured goods than they are for basic commodities.

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European Manufacturing: A Comparative Study (1985), Arnoud De Meyer Jul 1986

European Manufacturing: A Comparative Study (1985), Arnoud De Meyer

Research Collection Lee Kong Chian School Of Business

One of the striking events of the eighties in the field of management is the increase in attention paid to the role of manufacturing and technology in the determination of a firm’s competitive position. Traditionally, corporate policy and strategic decisions were defined on the basis of a financial and marketing analysis of the company’s strengths, weaknesses and competitive environment. The contribution of the technology function and more in particular the production and operations function was often limited to implementation and a marginal adaptation of a course set by financial and marketing considerations. Some of the world’s excellent competitors have, however, …

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The Malay World In Colonial Fiction, Lily Kong, Victor R. Savage Jun 1986

The Malay World In Colonial Fiction, Lily Kong, Victor R. Savage

Research Collection School of Social Sciences

Examines the mental images Westerners formed of their subjective perceptions of a unique section of the earth's surface - the Malay world - and in a particular time-frame - the high colonial period (circa 1870 to 1940). Illustrates how the perceptions give rise to a definition of the region as an entity with an identity, spirit and personality internal to itself.

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Organised Crime As Terrorism, Mark Findlay Apr 1986

Organised Crime As Terrorism, Mark Findlay

Research Collection Yong Pung How School Of Law

In a somewhat belated incursion into the international debate about the threat of organised crime, Federal and State governments in Australia have chosen to represent the 'menace' as an attack on the institution of the state as much as a physical and financial danger to society. This is consistent with the approaches of governments in the United States and Italy in constructing the reality of the Mafia.

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Problems In Search Of Principles: The First Amendment In The Supreme Court From 1791-1930, Howard Hunter Jan 1986

Problems In Search Of Principles: The First Amendment In The Supreme Court From 1791-1930, Howard Hunter

Research Collection Yong Pung How School Of Law

During the past decade scholars have published a tremendous number of articles on the first amendment. Yet with all that has been written about the freedoms of speech, press, assembly, and religion, there remains an urge to read more and to write more. The process seems almost as important as the subject.

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The Flow Of Technological Innovation In An R&D Department, Arnoud De Meyer Dec 1985

The Flow Of Technological Innovation In An R&D Department, Arnoud De Meyer

Research Collection Lee Kong Chian School Of Business

The flow of technological information, in particular the type of sources and transfer channels for technological information has been a focus of research interest since the very first studies concerning management of research and development. However, the results of these empirical studies, although encouraging and useful to managers, leave several questions unanswered, and even worse, contain some contradictions. In this paper we will try to explain some of these contradictions using the technology characteristics as a contingency factor. The model, which we will present has been tested in a twofold way: questionnaires were used to provide insight into the importance …

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The Wood Inquiry: Special Branch - The Future?, Mark Findlay Dec 1985

The Wood Inquiry: Special Branch - The Future?, Mark Findlay

Research Collection Yong Pung How School Of Law

This article ties together the Wood Report dealing with the three Ananda Marga members convicted for conspiring to murder Robert Cameron, leader of the National Front in 1978 with the operation of the State Special Branches and ASIO.

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Positivism, Empiricism And Criminology Theory, Don Weatherburn, Mark Findlay Jul 1985

Positivism, Empiricism And Criminology Theory, Don Weatherburn, Mark Findlay

Research Collection Yong Pung How School Of Law

The discipline of criminology has been dominated since the turn of the century by an explanatory paradigm' known as 'positivism'. The distinctive features of that paradigm have been both substantive and methodological. On the substantive side 'positivist criminology' has been marked by a commitment to the explanation of criminal behaviour (and deviance generally) in terms of characteristics of the individual. Thus positivist criminology has been notable for its explanations of criminal behaviour in terms of gross bodily features, patterns of child-rearing, genetic defect, and idiosyncratic personality traits. On the methodological side positivist criminology has been marked by a preference for …

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Toward A Contingency Model Of Strategic Risk Taking, Inga Skromme Baird, Howard Thomas Apr 1985

Toward A Contingency Model Of Strategic Risk Taking, Inga Skromme Baird, Howard Thomas

Research Collection Lee Kong Chian School Of Business

A model of strategic risk taking incorporating environmental, industrial, organizational, decision maker, and problem variables is presented. The model is intended to be both a preliminary conceptualization of strategic risk taking and a stimulant for future research on risk taking in strategic management decisions. Relevant research from a number of disciplines is summarized, and the potential impacts of particular variables on the propensity to take strategic risks are examined.

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"Criminalisation" And The Detention Of "Political Prisoners": An Irish Solution, Mark Findlay Mar 1985

"Criminalisation" And The Detention Of "Political Prisoners": An Irish Solution, Mark Findlay

Research Collection Yong Pung How School Of Law

The contemporary crisis in the maintenance of civil order on both sides of the Irish border has initiated unique developments in the "system" of criminal justice within Ireland. The government of the Republic and the administration of the Province have responded to various attacks on their legitimacy by relying on the controls of the criminal sanction, while radically altering the process through which that sanction is applied and accorded its full effect. While denying the political nature of the conflict, these governments have cloaked extraordinary social control measures in the authority of the rule of law. They would have us …

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Academic Self-Government In The United States, Howard Hunter Mar 1985

Academic Self-Government In The United States, Howard Hunter

Research Collection Yong Pung How School Of Law

A university is like any other complex institution in that it requires numerous general and particular decisions about the use of its resources and the manner of its operations. Public laws and constitutions as well as the charters, ordinances, statutes and by-laws of the university provide the maps for the distribution of the rights to make decisions which are binding upon members of the university, or, more exactly, those who fill the roles that, taken all together, comprise the university.

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