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Articles 5701 - 5730 of 6934

Full-Text Articles in Business

Book Review Doing Good Well: What Does (And Does Not) Makesense In The Nonprofit World, Knowledge@Smu Oct 2008

Book Review Doing Good Well: What Does (And Does Not) Makesense In The Nonprofit World, Knowledge@Smu

Knowledge@SMU

Doing Good Well: What Does (and Does Not) Make Sense in the Nonprofit World is a bold, exhaustive and analytical book on what makes the nonprofit sector tick -- or not. It is local author Willie Cheng’s offering to a well-intentioned charity sector (including the public) in Singapore that, until recently, has seemed at a loss about effective governance. Cheng is Board Chairman of the Lien Centre for Social Innovation, Singapore Management University.


Entrepreneurs Are Serial Risktakers Not Gamblers, Says Phillip Phan, Knowledge@Smu Oct 2008

Entrepreneurs Are Serial Risktakers Not Gamblers, Says Phillip Phan, Knowledge@Smu

Knowledge@SMU

Entrepreneurs are not gamblers, believes Phillip Phan, management professor at Johns Hopkins University. He is also Tommie Goh visiting professor of entrepreneurship and business at the Lee Kong Chian School of Business, Singapore Management University (SMU). Phan delivered a lecture in Singapore recently about the essence of entrepreneurship, how to identify entrepreneurial opportunities, and the role of governments in supporting entrepreneurs.


Lighting Up Rural Indonesia Through Community-Owned Hydropower Projects, Knowledge@Smu Oct 2008

Lighting Up Rural Indonesia Through Community-Owned Hydropower Projects, Knowledge@Smu

Knowledge@SMU

More than 105 million people, just under half the total population of Indonesia, are without electricity even today. 2006 Ashoka Foundation Fellow Tri Mumpuni, executive director of Indonesian NGO IBEKA (People Centred Economic and Business Institute), spoke at a forum -- organised by the Lien Centre for Social Innovation of the Singapore Management University -- about how IBEKA is helping to develop sustainable community enterprises in the energy sector.


Real-Time Evaluation Of Email Campaign Performance, Andre Bonfrer, Xavier Dreze Oct 2008

Real-Time Evaluation Of Email Campaign Performance, Andre Bonfrer, Xavier Dreze

Research Collection Lee Kong Chian School Of Business

We develop a testing methodology that can be used to predict the performance of e-mail marketing campaigns in real time. We propose a split-hazard model that makes use of a time transformation (a concept we call virtual time) to allow for the estimation of straightforward parametric hazard functions and generate early predictions of an individual campaign's performance (as measured by open and click propensities). We apply this pretesting methodology to 25 e-mail campaigns and find that the method is able to produce in an hour and fifteen minutes estimates that are more accurate and more reliable than those that the …


Untangling The Effects Of Overexploration And Overexploitation On Organizational Performance: The Moderating Role Of Environmental Dynamism, Heli Wang, Jiatao Li Oct 2008

Untangling The Effects Of Overexploration And Overexploitation On Organizational Performance: The Moderating Role Of Environmental Dynamism, Heli Wang, Jiatao Li

Research Collection Lee Kong Chian School Of Business

Because a firm’s optimal knowledge search behavior is determined by unique firm and industry conditions, organizational performance should be contingent on the degree to which a firm’s actual level of knowledge search deviates from the optimal level. It is thus hypothesized that deviation from the optimal search, in the form of either overexploitation or overexploration, is detrimental to organizational performance. Furthermore, the negative effect of search deviation on organizational performance varies with environmental dynamism; that is, overexploitation is expected to become more harmful, whereas overexploration becomes less so with an increase in environmental dynamism. The empirical analyses yield results consistent …


Understanding Evolution In Technology Ecosystems, Gediminas Adomavicius, Jesse Bockstedt, Alok Gupta, Robert J. Kauffman Oct 2008

Understanding Evolution In Technology Ecosystems, Gediminas Adomavicius, Jesse Bockstedt, Alok Gupta, Robert J. Kauffman

Research Collection School Of Computing and Information Systems

The current environment of information technology can be a complex place for analysts and firms to navigate, especially when making decisions about new product development, technology investment, and technology planning. Many industry analysts recognize that it is difficult, if not impossible, to accurately predict future technological advances. However, successful firms need to understand the nature of technological change and evolution in order to accurately forecast and take advantage of investment and market opportunities. For example, although RFID has been in the news for the past decade as the potential distribution and retail "killer technology", uncertainties about its future technical capabilities, …


Audit Profile: The Auditor-General's Office Of Singapore, Soo Ping Lim Oct 2008

Audit Profile: The Auditor-General's Office Of Singapore, Soo Ping Lim

Research Collection School Of Accountancy

No abstract provided.


Making Sense Of Fair-Value Accounting, Chu Yeong Lim, Tong Kin Andrew Lee Oct 2008

Making Sense Of Fair-Value Accounting, Chu Yeong Lim, Tong Kin Andrew Lee

Research Collection School Of Accountancy

No abstract provided.


Current Theory And Practice Of Assessment Centers: The Importance Of Trait Activation, Filip Lievens, Liesbet De Koster, Eveline Schollaert Oct 2008

Current Theory And Practice Of Assessment Centers: The Importance Of Trait Activation, Filip Lievens, Liesbet De Koster, Eveline Schollaert

Research Collection Lee Kong Chian School Of Business

Assessment centers have always had a strong link with practice. This link is so strong that the theoretical basis of the workings of an assessment center is sometimes questioned. In this chapter, we posit that trait activation theory (Tett and Burnett 2003) might be fruitfully used to explain how job-relevant candidate behavior is elicited and rated in assessment centers. Trait activation theory is a recent theory that focuses on the person–situation interaction to explain behavior based on responses to trait-relevant cues found in situations. These observable responses serve as the basis for behavioral ratings on dimensions used in a variety …


Ceo Characteristics, Ceo-Firm Match And Corporate Refocus Value, Sheng Huang Oct 2008

Ceo Characteristics, Ceo-Firm Match And Corporate Refocus Value, Sheng Huang

Research Collection Lee Kong Chian School Of Business

This paper investigates how CEO characteristics affect firm value through divestiture. Using a novel dataset tracking CEO’s career path, from which CEO’s talent and expertise are reasonably inferred, I find when CEOs have differing abilities across divisions of conglomerates, they more likely divest divisions that they are less qualified to manage, and focus on divisions of better match with their talents and expertise. The better match of their talents with firms’ retained assets is the source of value creation from refocusing divestiture. Divestitures that increase corporate focus but not improve the talent-asset match do not create value in long run. …


Spreadsheet Data Resampling For Monte-Carlo Simulation, Thin Yin Leong, Wee Leong Lee Oct 2008

Spreadsheet Data Resampling For Monte-Carlo Simulation, Thin Yin Leong, Wee Leong Lee

Research Collection School Of Computing and Information Systems

The pervasiveness of spreadsheets software resulted in its increased application as a simulation tool for business analysis. Random values generation supporting such evaluations using spreadsheets are simple and yet powerful. However, the typical approach to Monte-Carlo simulations, which is what simulations with stochasticity are called, requires significant amount of time to be spent on data collection, data collation, and distribution function fitting. In fact, the latter can be overwhelming for undergraduate students to learn and do properly in a short time. Resampling eliminates both the need to fit distributions to the sample data, and to perform the ensuing tests of …


Digital Storytelling Engages Tech-Savvy Accounting Students, Knowledge@Smu Sep 2008

Digital Storytelling Engages Tech-Savvy Accounting Students, Knowledge@Smu

Knowledge@SMU

Singapore has ambitions to become a global hub for `digital economy’ services. In September 2008, Singapore’s National Library Board, National Book Development Council and The Arts House are hosting the inaugural Asian Digital Storytelling Congress, Beyond Words 2008. Themin Suwardy, accountancy professor and associate dean at Singapore Management University, is one of the key speakers at the congress. His topic: Academic Learning through Digital Storytelling.


Are Companies In Asia Serious About The Environment? Perspectives From Business And Government, Knowledge@Smu Sep 2008

Are Companies In Asia Serious About The Environment? Perspectives From Business And Government, Knowledge@Smu

Knowledge@SMU

Two Singapore Management University (SMU) student associations, the Special interest and Community Service Sodality and SMU Verts, organised a forum recently on environmental sustainability in action. Invited speakers were: Howard Shaw, Singapore Environmental Council; Diane Gulyas, DuPont; Ester An, City Developments Limited (CDL); Elizabeth Ong, SMU; and Vaneeta Bhojwani, National Environment Agency. Afterwards, the speakers held a Q&A session with the audience.


Going Global Poses New Challenges For Chinese Companies, Knowledge@Smu Sep 2008

Going Global Poses New Challenges For Chinese Companies, Knowledge@Smu

Knowledge@SMU

Spurred on by a sustained economic boom, big businesses in China are increasingly looking to extend their success overseas. At the inaugural Ho Bee lecture at the Singapore Management University (SMU) in July 2008, Marshall Meyer described the compelling journeys of two Chinese corporations, Haier Group and Lenovo, as they ventured outside China. Meyer is professor of management at Wharton and Ho Bee professor in Chinese economy and business at SMU.


Origami’S Enterprise 2.0 Solution: The Next Frontier In Computing?, Knowledge@Smu Sep 2008

Origami’S Enterprise 2.0 Solution: The Next Frontier In Computing?, Knowledge@Smu

Knowledge@SMU

James Ong, founder and CEO of technology company, Origami Frontiers, exemplifies a new generation of western educated technocrats and market-savvy entrepreneurs. After nearly two decades in the US, Ong returned to his roots in 2002, fuelled by a vision to develop innovative enterprise solutions based on emerging Web 2.0 technologies. At a research seminar organised by the School of Information Systems, Singapore Management University, Ong described how he wanted to be a part of the technology revolution in Asia.


B4e: Caring For The Environment Can Be Good For Business, Knowledge@Smu Sep 2008

B4e: Caring For The Environment Can Be Good For Business, Knowledge@Smu

Knowledge@SMU

Companies face the monumental challenge of adapting to a new economic environment where climate change could alter the very nature of growth itself. Global Initiatives -- with the support of the United Nations Environment Programme (UNEP) and Global Compact, the world’s largest voluntary corporate responsibility initiative -- organised the Business for the Environment (B4E) Global Summit 2008 in Singapore earlier this year which brought dozens of companies, NGOs and policymakers to the table. Singapore Management University is a knowledge partner of Global Initiatives.


Creativity As A Matter Of Choice: Prior Experience And Task Instruction As Boundary Conditions For The Positive Effect Of Choice On Creativity, Roy Y. J. Chua, Sheena S. Iyengar Sep 2008

Creativity As A Matter Of Choice: Prior Experience And Task Instruction As Boundary Conditions For The Positive Effect Of Choice On Creativity, Roy Y. J. Chua, Sheena S. Iyengar

Research Collection Lee Kong Chian School Of Business

This study investigates the effects of prior experience, task instruction, and choice on creative performance. Although extant research suggests that giving people choice in how they approach a task could enhance creative performance, we propose that this view needs to be circumscribed. Specifically, we argue that when choice is administered during problem solving by varying the number of available resources, the high combinatorial flexibility conferred by a large choice set of resources can be overwhelming. Through two experiments, we found that only individuals with high prior experience in the task domain and given explicit instruction to be creative produced more …


Validity And Adverse Impact Potential Of Predictor Composite Formation, Wilfried De Corte, Filip Lievens, Paul R. Sackett Sep 2008

Validity And Adverse Impact Potential Of Predictor Composite Formation, Wilfried De Corte, Filip Lievens, Paul R. Sackett

Research Collection Lee Kong Chian School Of Business

Previous research on the validity and adverse impact (AI) of predictor composite formation focused on the merits of regression-based or ad hoc composites. We argue for a broader focus. Ad hoc chosen composites are usually not Pareto-optimal, whereas the regression-based composite represents only one element from the total set of Pareto-optimal composites and can, therefore, provide only limited information on the potential for validity and AI reduction of forming predictor composites when both validity and AI are of concern. In that case, other Pareto-optimal composites may provide a better benchmark to decide on the merits of the predictor composite formation. …


Analyst Coverage And The Cost Of Raising Equity Capital: Evidence From Underpricing Of Seasoned Equity Offerings, Robert M. Bowen, Xia Chen, Qiang Cheng Sep 2008

Analyst Coverage And The Cost Of Raising Equity Capital: Evidence From Underpricing Of Seasoned Equity Offerings, Robert M. Bowen, Xia Chen, Qiang Cheng

Research Collection School Of Accountancy

Theorists have long recognized that information asymmetry among investors adversely affects the cost of raising equity capital (e.g., Diamond and Verrecchia 1991). When there is information asymmetry, relatively uninformed investors are reluctant to trade because of higher potential loss from transacting with informed investors (e.g., Glosten and Milgrom 1985; Kyle 1985). To trade, uninformed investors demand compensation for the risks of trading with informed investors (O’Hara 2003). In the case of issuing new equity, firms must issue shares at a discount to overcome the reluctance of uninformed investors. Such discounting leads to smaller proceeds to the firm and a higher …


Choice Models In Marketing: Economic Assumptions, Challenges And Trends, Chandukala, Sandeep R., Jaehwan Kim, Thomas Otter, Peter E. Rossi, Greg M. Allenby Sep 2008

Choice Models In Marketing: Economic Assumptions, Challenges And Trends, Chandukala, Sandeep R., Jaehwan Kim, Thomas Otter, Peter E. Rossi, Greg M. Allenby

Research Collection Lee Kong Chian School Of Business

Choice Models in Marketing examines recent developments in the modeling of choice for marketing and reviews a large stream of research currently being developed by both quantitative and qualitative researches in marketing. Choice in marketing differs from other domains in that the choice context is typically very complex, and researchers' desire knowledge of the variables that ultimately lead to demand in marketplace. The marketing choice context is characterized by many choice alternatives. The aim of Choice Models in Marketing is to lay out the foundations of choice models and discuss recent advances. The authors focus on aspects of choice that …


Tuning Into The Digital Channel: Evaluating Business Model Fit For Internet Firm Survival, Robert J. Kauffman, Bin Wang Sep 2008

Tuning Into The Digital Channel: Evaluating Business Model Fit For Internet Firm Survival, Robert J. Kauffman, Bin Wang

Research Collection School Of Computing and Information Systems

More than 5,000 Internet firms have failed since the beginning of 2000. One common perception is that the downturn in the economy drove many firms out of business. But then, why have some firms survived? In this research, we provide an empirical analysis by examining how the business model characteristics of an Internet firm affect its survival. We analyze a panel data set of 130 public Internet firms using two different techniques: non-parametric survival analysis, and the semiparametric Cox proportional hazards model. We characterize the survival rates throughout the lifetimes of the public Internet firms in our sample. Our results …


Software Nightmares, Manoj Thulasidas Sep 2008

Software Nightmares, Manoj Thulasidas

Research Collection School Of Computing and Information Systems

To err is human, but to really foul things up, you need a computer. So states the remarkably insightful Murphy’s Law. And nowhere else does this ring truer than in our financial workplace. After all, it is the financial sector that drove the rapid progress in the computing industry – which is why the first computing giant had the word “business” in its name. The financial industry keeps up with the developments in the computer industry for one simple reason. Stronger computers and smarter programs mean more money — a concept we readily grasp. As we use the latest and …


Pareto-Optimal Predictor Composite Formation: A Complementary Approach To Alleviating The Selection Quality/Adverse Impact Dilemma, Paul R. Sackett, Wilfried De Corte, Filip Lievens Sep 2008

Pareto-Optimal Predictor Composite Formation: A Complementary Approach To Alleviating The Selection Quality/Adverse Impact Dilemma, Paul R. Sackett, Wilfried De Corte, Filip Lievens

Research Collection Lee Kong Chian School Of Business

In our rejoinder to the comments of Kehoe (this issue) and Potosky, Bobko and Roth (this issue) we emphasize that our proposal on Pareto-optimal predictor composite formation is a complementary and not a competitive alternative for reducing the tension between selection quality and adverse impact. Our work addresses the decisions to be made once one has decided to use a predictor composite. We also further clarify the basic features of Pareto-optimal tradeoffs and Pareto-optimal composites within the context of personnel selection. In particular, we indicate that Pareto-optimal tradeoffs between validity and adverse impact emerge because these goals are different and …


Development And Test Of A Model Of External Organizational Commitment In Human Resources Outsourcing, Filip Lievens, Wilfried De Corte Sep 2008

Development And Test Of A Model Of External Organizational Commitment In Human Resources Outsourcing, Filip Lievens, Wilfried De Corte

Research Collection Lee Kong Chian School Of Business

Most prior outsourcing studies in the human resources domain have focused on the initial decision for outsourcing HR activities. Hence, little is known about HR managers' commitment to continue an already existing outsourcing relationship. This study constitutes a first step to increase our understanding of the factors related to the continuity of HR outsourcing relationships. We developed and tested a model of HR managers' (N = 186) commitment in outsourcing relationships. Affective commitment or the desire for the outsourcing relationship to continue was related to the depth and frequency of HR outsourcing. Conversely, continuance commitment, which refers to the constraints …


Home Biased Analysts In Emerging Markets, Sandy Lai, Melvyn Teo Sep 2008

Home Biased Analysts In Emerging Markets, Sandy Lai, Melvyn Teo

Research Collection Lee Kong Chian School Of Business

We find that local analyst recommendations are systematically more optimistic than foreign analyst recommendations in emerging markets. The effects of this novel home bias among local analysts overwhelm any information asymmetry between foreign and local analysts. Consequently, local analyst upgrades underperform foreign analyst upgrades, while local analyst downgrades outperform foreign analyst downgrades. Neither foreign investors, local institutions, nor retail investors appear to be fully cognizant of this bias. Trade reactions suggest that foreign investors overestimate the bias in foreign analyst recommendations while local institutions underestimate the bias in local analyst recommendations. These results are pervasive across countries, time periods, and …


Organizational Learning Platform And New Product Development, Wee Liang Tan, So-Jin Yoo Sep 2008

Organizational Learning Platform And New Product Development, Wee Liang Tan, So-Jin Yoo

Research Collection Lee Kong Chian School Of Business

No abstract provided.


Earnings Restatements, Changes In Ceo Compensation, And Firm Performance, Qiang Cheng, David Farber Sep 2008

Earnings Restatements, Changes In Ceo Compensation, And Firm Performance, Qiang Cheng, David Farber

Research Collection School Of Accountancy

Prior research finds that earnings restatements are linked to CEOs' excessive option-based compensation and equity holdings. In this paper, we investigate whether firms that experience earnings restatements recontract with their CEOs to reduce their option-based compensation and if so, whether this leads to improved firm performance. Based on 289 restatement firms over the period 1997–2001, we find that the proportion of CEOs' compensation in the form of options declines significantly in the two years following the restatement. Furthermore, we document that this reduction is accompanied by a decrease in the riskiness of investments, as reflected in lower stock return volatility …


Relative Importance, Specific Investment And Ownership In Interorganizational Systems., Kunsoo Han, Robert J. Kauffman, Barrie R. Nault Sep 2008

Relative Importance, Specific Investment And Ownership In Interorganizational Systems., Kunsoo Han, Robert J. Kauffman, Barrie R. Nault

Research Collection School Of Computing and Information Systems

Implementation and maintenance of interorganizational systems (IOS) require investments by all the participating firms. Compared with intraorganizational systems, however, there are additional uncertainties and risks. This is because the benefits of IOS investment depend not only on a firm's own decisions, but also on those of its business partners. Without appropriate levels of investment by all the firms participating in an IOS, they cannot reap the full benefits. Drawing upon the literature in institutional economics, we examine IOS ownership as a means to induce value-maximizing noncontractible investments. We model the impact of two factors derived from the theory of incomplete …


Do Online Reviews Affect Product Sales? The Role Of Reviewer Characteristics And Temporal Effects, Nan Hu, Ling Liu, Jennifer Zhang Sep 2008

Do Online Reviews Affect Product Sales? The Role Of Reviewer Characteristics And Temporal Effects, Nan Hu, Ling Liu, Jennifer Zhang

Research Collection School Of Computing and Information Systems

Online product reviews provided by consumers who previously purchased products have become a major information source for consumers and marketers regarding product quality. This study extends previous research by conducting a more compelling test of the effect of online reviews on sales. In particular, we consider both quantitative and qualitative aspects of online reviews, such as reviewer quality, reviewer exposure, product coverage, and temporal effects. Using transaction cost economics and uncertainty reduction theories, this study adopts a portfolio approach to assess the effectiveness of the online review market. We show that consumers understand the value difference between favorable news and …


Is Family Business In Good Hands? How To Inspire The Next Generation Of Entrepreneurs, Knowledge@Smu Aug 2008

Is Family Business In Good Hands? How To Inspire The Next Generation Of Entrepreneurs, Knowledge@Smu

Knowledge@SMU

Why do some family businesses fail? Sanjay Goel, strategic management and entrepreneurship professor at the University of Minnesota Duluth, addressed some of the factors that support or inhibit the success of family businesses at a seminar on “Sustaining the Entrepreneurial Drive” organised recently by the UOB–SMU Alliance Centre of the Singapore Management University.