Business Commons^™

Don't Try To Be A Superman, N. Edwin Widjornako

Asian Management Insights

N. Edwin Widjonarko, co-founder and Director of Technology of Xurya, speaks about his entrepreneurial journey in Indonesia’s solar power generation space.

Participatory Digital Futures, Mark Findlay, Sharanya Shanmugam

Asian Management Insights

How digital transformation can be made good for all.

Real Estate Assets: To Build Or Not To Build?, Chaik Ming Koh

Asian Management Insights

It’s about when, not whether.

Robowealth: Boosting Financial Inclusion In Thailand, Chiraphol N. Chiyachantana, David K. Ding, Pattarawan Mai Prasarnphanich, Chi Wei Chan

Asian Management Insights

Advanced fintech lowers barriers to investing.

Increasing Social Media Equity Of A Brand By Developing Social Media Capabilities And Consumer Promotions, Manisha Mathur

AMTP Proceedings 2023

Existing literature identifies the role of customers in promoting a brand on social media and in providing recommendations to others customers based on their own experiences with the brand. The recent focus on using social media has led to most firms becoming effective in using social media to develop customer communities, becoming content providers unlike traditional advertisers, and focusing on conversing with consumers rather than directing marketing messages at them (Barwise and Meehan, 2010). In this research, we conceptualize social media equity as comprising of a brand’s associations with customers on social media, quality perceptions of the retailer brand on …

2023-March-01-Etsu, Bristol Motor Speedway Hosting Breaking Into Sports, University Marketing And Communication, East Tennessee State University

ETSU News

JOHNSON CITY – In partnership with East Tennessee State University’s Sport Management Program, Bristol Motor Speedway will host a “Breaking Into Sports” event later this month. 

“This networking event benefits both students and organizations,” said Dr. Amanda “Amy” Greene, associate professor of sport management in the Department of Sport, Exercise, Recreation and Kinesiology. “Providing students an opportunity to get out of the classroom and meet professionals is a vital part of building connections within the sport industry.”

Event is March 29

This hands-on-learning event has generated past success for students.  

“I met one of the ETSU athletic administrators at …

2023-March-01-Leading In Rural Health, University Marketing And Communication, East Tennessee State University

ETSU News

March 22, 2023

This week, ETSU Health published its annual magazine, highlighting achievements and advances in health care and research. East Tennessee State University has long been a leader in the health sciences and rural health in particular. Through collaboration with community partners such as Ballad Health, ETSU provides care to high-need communities throughout the Appalachian Highlands and is at the center of cutting-edge research. 

Our health sciences faculty, staff, and students are leading projects on a variety of topics. For example, a team from ETSU recently received a $1.8 million NIH grant to focus on finding ways to restore …

2023-March-01-Women's History Month At Etsu, University Marketing And Communication, East Tennessee State University

ETSU News

Celebrate the Women Who Inspire Us

In recognition of Women’s History Month, ETSU invites you to take part in a new campaign celebrating #TheWomenWhoInspireUs. The campus community is invited to share messages on social media in honor of the women who have made a positive impact in your life. Use the hashtag #TheWomenWhoInspireUs for a chance to have your message featured on ETSU’s social media channels. 

Women's History Month Events

The Women and Gender Resource Center has planned numerous events in recognition of Women's History Month. 

2023-March-01-East Tennessean, The University's Student-Run Newspaper, Turns 100, University Marketing And Communication, East Tennessee State University

ETSU News

JOHNSON CITY – A December 19, 1941, edition carried student and faculty perspectives about the Japanese attack on Pearl Harbor only a few days earlier. 

A headline that stretched across the front page in late 1945 declared “campus enrollment zooms up.”  

The school’s homecoming game against nearby Carson-Newman University made up a front page in October 1953 that also featured articles about former Tennessee Gov. Jim McCord and activities happening in the Science Club.

The East Tennessean first published in 1923

For a century, the East Tennessean, a student-run newspaper housed on the university’s main campus, has covered scores of …

2023-March-01-Etsu Presents Little Shop Of Horrors, University Marketing And Communication, East Tennessee State University

ETSU News

JOHNSON CITY – The East Tennessee State University Department of Theatre and Dance is bringing the horror comedy rock musical “Little Shop of Horrors” to the Appalachian Highlands. 

Performances are set for March 30, March 31 and April 1 at 7:30 p.m. in the Bert C. Bach Theatre at the ETSU Martin Center for the Arts. Matinees are scheduled for April 1-2 at 2 p.m.

Show runs March 30-April 2

“‘Little Shop of Horrors’ is a classic tale of a Faustian bargain struck between its tragic hero, Seymour Krelborn, and a carnivorous plant,” said Melissa Shafer, director of the musical …

Optimal Pricing Strategy For Electric Vehicle Battery Swapping: Pay-Per-Swap Or Subscription?, Xu Hu, Zhaojun Yang, Jun Sun, Yali Zhang

Information Systems Faculty Publications

Electric vehicles (EVs) contribute to carbon emission reduction, but the limitations of existing charging technologies impose a bottleneck to their further diffusion. Addressing the root issues of long waiting time and range anxiety, battery swapping demonstrates great market potential. A swapping service provider may choose between two pricing strategies based on battery rental: pay-per-swap and subscription. This study establishes a game-theoretical model to portray a simplified EV replenishment market including one charging station, one swapping station, and one battery renter, and explores the optimal pricing strategy. To capture the influence of consumer preferences, the model considers high versus low opportunity …

2023-March-01-Etsu Trustees Finance Administration Committee To Hold Special Called Meeting, University Marketing And Communication, East Tennessee State University

ETSU News

East Tennessee State University’s Board of Trustees will hold a special called meeting of the Finance and Administration Committee on Tuesday, March 28 at 11 a.m. to discuss tuition and mandatory fees and budget for 2023-24.

The meeting will be conducted permitting participation by electronic or other means of communication if necessary. A livestream of the meeting will be available at etsu.edu/trustees/livestream.php.

When they become available, the agenda and accompanying materials for the meeting will be posted at etsu.edu/trustees under “Meeting Schedule & Materials.”

For more information, call 423-439-4317.  For disability accommodations, call the ETSU Office of Disability Services …

2023-March-01-Quillen College Of Medicine's Class Of 2023 Takes Part In Match Day, University Marketing And Communication, East Tennessee State University

ETSU News

JOHNSON CITY – Members of the Class of 2023 at East Tennessee State University’s Quillen College of Medicine found out today where they were matched for their residencies, which they will begin this summer following their graduation in May.

The National Resident Matching Program (NRMP) pairs graduating medical students with residency programs throughout the country. The Class of 2023 had a 100% match rate, the second-straight year Quillen graduates have enjoyed a 100% match rate. Graduates matched into 15 specialties in 20 states and the District of Columbia. 

Of the 73 students in the Class of 2023, 49 are remaining …

2023-March-01-The Value Of Higher Education, University Marketing And Communication, East Tennessee State University

ETSU News

Although the value of higher education has been called into question in recent years, results from a recently released public opinion survey in Tennessee indicated that Tennesseans believe postsecondary education offers significant value and is worth the investment of both time and money. As outlined in a research study released by the State Collaborative on Reforming Education (SCORE), the majority of Tennessee voters agreed that obtaining postsecondary credentials brings countless benefits to students, including improved employment outcomes, higher wages, and the ability to withstand an economic downturn.

The study also includes insights from the Boyd Center for Business and …

Digitalisation Touches Everything, Havovi Joshi

Asian Management Insights

Digitalisation touches everything

Social Media: Enabling Touchpoints Beyond Advertising, Kapil R. Tuli, Sheetal Bhardwaj

Asian Management Insights

An effective customer service platform and a strategic communication channel.

How Gender And Primary Language Influence The Acquisition Of Economic Knowledge Of Secondary School Students In The United States And Germany, Roland Happ, Susanne Schmidt, Olga Zlatkin-Troitschanskaia, William Walstad

Department of Economics: Faculty Publications

Economics has become an essential component of secondary school curricula in many countries as a result of the growing awareness that young adults need fundamental economic knowledge to manage their personal finances. Accordingly, an increasing number of comparative studies are being conducted of commonalities and differences in students’ economic knowledge and its most decisive influencing factors within and across countries. In this study, we compare the performance of secondary school students in the United States (N = 3517) and Germany (N = 983) on the fourth version of the Test of Economic Literacy. We investigate two personal characteristics that have …

Machine Learning Techniques For Stock Price Prediction And Graphic Signal Recognition, Junde Chen, Yuxin Wen, Y. A. Nanehkaran, M. D. Suzauddola, Weirong Chen, Defu Zhang

Engineering Faculty Articles and Research

Stock market analysis is extremely important for investors because knowing the future trend and grasping the changing characteristics of stock prices will decrease the risk of investing capital for profit. Thereupon, the prediction of stock prices and identifying the graphic signals of candlestick charts, which are two crucial tasks in stock price analysis, attract much attention from investors owing to the returns and risks that coexist in financial markets. To introduce a reliable approach for addressing these challenges, this paper proposes the modeling strategies based on machine learning (ML) techniques. A vector autoregression (VAR)-based rolling prediction model is proposed for …

Price Comovement And Market Segmentation Of Chinese A- And H-Shares: Evidence From A Panel Latent-Factor Model, Yingjie Dong, Wenxin Huang, Yiu Kuen Tse

Research Collection School Of Economics

This paper examines the price comovement of cross-listed Chinese A- and H-shares using a panel model with latent factors and a heterogeneous long-run structure. Our model is more flexible than the cointegration system and is estimated using the data-driven Cup–Lasso method. The long-run H-share price discounts are heterogeneous across different groups of stocks. We have identified both stationary and nonstationary latent factors in the price differentials, which are driven by different economic variables. By analyzing the factor loadings of the nonstationary latent factor, we identify some trading-friction and information-friction variables that have effects on the price convergence between the A- …

Horse Sense Or Horse Hype? Estimating The True Economic Impact Of Churchill Downs And The Kentucky Derby On The Louisville Metro Area, Thomas E. Lambert

Faculty and Staff Scholarship

In trying to assess the true economic impact of the Kentucky Derby on the Louisville region (north central Kentucky and south central Indiana counties), one can find two different estimates appear in doing a quick search on the internet. Some sources, such as the Kentucky Derby Museum, indicate that the economic impact of the Derby is around $217 million (Kentucky Derby Museum 2023) but never mention a source or study for this conjecture. In doing some research, this amount is determined to come from a 2001 study by the marketing research firm Wilkerson and Associates (LaMarra 2001), and therefore this …

Exchange-Traded Funds And Real Investment, Constantinos Antoniou, Frank Weikai Li, Xuewen Liu, Avanidhar Subrahmanyam, Chengzhu Sun

Research Collection Lee Kong Chian School Of Business

We investigate the link between exchange-traded funds and real investment. Cross-sectionally, higher ETF ownership is associated with an increased sensitivity of real investment to Tobin's q and a heightened ability of stock returns to forecast future earnings. Inclusion of stocks in industry ETFs enhances investment-q sensitivity and implies greater incorporation of earnings information into prices prior to public releases. Greater nonmarket ETF ownership leads to increased (reduced) reliance of real investment on own (peers') stock prices. Overall, the evidence is consistent with ETFs positively affecting real investment efficiency via greater flows of information.

The Future Of Private Label Markets: A Global Convergence Approach, Katrijn Gielens, Marnik G. Dekimpe, Anirban Mukherjee, Kapil R. Tuli

Research Collection Lee Kong Chian School Of Business

Private-label (PL) shares are characterized by considerable heterogeneity across both countries and categories, not only in their current level, but also in the rate at which they are growing. This creates ambiguity about their remaining growth potential. To offer insights into the likely long-run PL shares, we take a forward-looking perspective by means of a convergence model. We apply the model to two unique datasets that together span more than 50 countries, both emerging and developed, across more than70 CPG categories. We find evidence of partial PL convergence: even though PL shares will become more similar, part of the currently …

Loan Spreads And Credit Cycles: The Role Of Lenders' Personal Economic Experiences, Daniel Carvalho, Janet Gao, Pengfei Ma

Research Collection Lee Kong Chian School Of Business

We provide evidence that changes in lender optimism can lead to excessive fluctuations in credit spreads across the credit cycle. Using data on the real estate properties of loan officers originating large corporate loans, we find that credit spreads overreact to sophisticated lenders' recent local economic experiences, captured by local housing price growth. These effects are only present when borrowers own real estate assets and during times of greater uncertainty about real estate values, i.e., boom-and-bust cycles in housing prices. Our analysis suggests that recent personal experiences shape sophisticated lenders' beliefs about real estate values, which affect their pricing decisions.

Strategic Financial Management Part Iii: Debt Maturity And Priority And Corporate Liquidity, Fangjian Fu, Clifford W. Smith

Research Collection Lee Kong Chian School Of Business

This is the third in our series ofJACFarticles that explores thecorporate motives for and consequences of seasoned equity offer-ings (SEOs) by U.S. public companies over the past 50 years. Likeits two predecessors, this article begins by examining each of thethree standard theories (or “models”) of corporate capital structureand financing policy that continue to receive serious considerationin academic discussions: (1) the Tradeoff Model;(2)thePeckingOrder Model, and (3) theMarket Timing Model.Aswealsobeganby noting in our two previous articles, each of these three modelshas implications that do not fit comfortably with the findings ofour analysis of over 8500 SEOs by U.S. companies between 1970and 2019.

Multiple, Speeded Assessments Under Scrutiny: Underlying Theory, Design Considerations, Reliability, And Validity, Christoph N. Herde, Filip Lievens

Research Collection Lee Kong Chian School Of Business

Recently, multiple, speeded assessments (e.g., “speeded” or “flash” role-plays) have made rapid inroads into the selection domain. So far, however, the conceptual underpinning and empirical evidence related to these short, fast-paced assessment approaches has been lacking. This raises questions whether these speeded assessments can serve as reliable and valid indicators of future performance. This paper uses the notions of stimulus and response domain sampling to conceptualize multiple, speeded behavioral job simulations as a hybrid of established simulation-based selection methods. Next, we draw upon the thin slices of behavior paradigm to theorize about the quality of ratings made in multiple, speeded …

Relative Power And Interpersonal Trust, Christilene Du Plessis, My Hoang Bao Nguyen, Trevor A. Foulk, Michael Schaerer

Research Collection Lee Kong Chian School Of Business

Because trust is essential in the development and maintenance of well-functioning relationships, scholars across numerous scientific disciplines have sought to determine what causes people to trust others. Power dynamics are known to predict trust, but research on the relationship between power and trust is inconclusive, with mixed results and without systematic consideration of how the relative power distribution within dyadic relationships may influence trust in those relationships. Building on interdependence theory, we propose that both individuals in an unequal-power dyad trust each other less than individuals in an equal-power dyad because unequal-power dyads heighten the perception of a conflict of …

An Inertial Triple-Projection Algorithm For Solving The Split Feasibility Problems, Yazheng Dang, Marcus Ang, Jie Sun

Research Collection Lee Kong Chian School Of Business

This paper proposes a new inertial triple-projection algorithm for solving the split feasibility problem (SFP).The process of projections is divided into three parts. Each part adopts a different variable stepsize to obtain its projection point, which is different from the existing extragradient methods. Flexible rules are employed for selecting the stepsizes and the inertial technique is used for improving the convergence. Convergence results are proven. Numerical experiments show that the proposed method converges more quickly than the general CQ algorithm.

Asymmetric Information Of Product Authenticity On C2c E-Commerce Platforms: How Can Inspection Services Help?, Linqiu Li, Xin Fang, Yun Fong Lim

Research Collection Lee Kong Chian School Of Business

Problem definition: We consider a customer-to-customer (C2C) platform that provides an inspection service. Uncertain about his product’s authenticity, a seller sells his product through the platform. Before purchasing, a buyer obtains a signal of the product authenticity from the product’s price set by the seller. The platform’s inspection service can detect a counterfeit with a probability. If the product passes the inspection, the platform sends it to the buyer and charges the seller a commission fee. Otherwise, the platform returns it to the seller and charges the seller a penalty fee. Methodology/results: We develop a two-stage game-theoretical model. In the …

Impacts Of Distributive Comparison Behavior On Corporate Social Responsibility In Supply Chains: The Role Of Small Firms, Mingzheng Wang, Xin Fang, Zizhuo Wang, Ying-Ju Chen

Research Collection Lee Kong Chian School Of Business

Problem definition: In this paper, we explore how a firm’s concern about profit distribution and the size of downstream firms in supply chains affect corporate social responsibility (CSR) investment strategy. Methodology/results: In a supply chain consisting of one supplier and one manufacturer, both players decide whether to invest to reduce CSR violations, and they negotiate over a wholesale price. Distributive comparison behavior makes the manufacturer compare the profit with his equitable payoff, which is determined by the supplier’s profit. Advantageous (resp. disadvantageous) inequality occurs when the manufacturer’s profit is higher (resp. lower) than the manufacturer’s equitable payoff. We compare this …

A Review On Derivative Hedging Using Reinforcement Learning, Peng Liu

Research Collection Lee Kong Chian School Of Business

Hedging is a common trading activity to manage the risk of engaging in transactions that involve derivatives such as options. Perfect and timely hedging, however, is an impossible task in the real market that characterizes discrete-time transactions with costs. Recent years have witnessed reinforcement learning (RL) in formulating optimal hedging strategies. Specifically, different RL algorithms have been applied to learn the optimal offsetting position based on market conditions, offering an automatic risk management solution that proposes optimal hedging strategies while catering to both market dynamics and restrictions. In this article, the author provides a comprehensive review of the use of …