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Accounting Challenge App: An Interview With Ceeman Champions 2013, Poh Sun Seow, Suay Peng Wong Dec 2013

Accounting Challenge App: An Interview With Ceeman Champions 2013, Poh Sun Seow, Suay Peng Wong

Research Collection School Of Accountancy

No abstract provided.


Financial Reporting Quality Of Chinese Reverse Merger Firms: The Reverse Merger Effect Or The China Effect?, Kun-Chih Chen, Qiang Cheng, Ying Chou Lin, Yu-Chen Lin, Xing Xiao Dec 2013

Financial Reporting Quality Of Chinese Reverse Merger Firms: The Reverse Merger Effect Or The China Effect?, Kun-Chih Chen, Qiang Cheng, Ying Chou Lin, Yu-Chen Lin, Xing Xiao

Research Collection School Of Accountancy

In this paper, we examine why Chinese reverse merger (RM) firms have lower financial reporting quality. We find that while U.S. RM firms have similar financial reporting quality as matched U.S. IPO firms, Chinese RM firms exhibit lower financial reporting quality than Chinese ADR firms. We further find that Chinese RM firms exhibit lower financial reporting quality than U.S. RM firms. These results indicate that the use of RM process is associated with poor financial reporting quality only in firms from China, where the legal enforcement is weaker than U.S. In addition, we find that compared to Chinese ADR firms, …


From The Outside In: China’S Dragons Are Here, Singapore Management University Nov 2013

From The Outside In: China’S Dragons Are Here, Singapore Management University

Perspectives@SMU

Like a blockbuster movie 20 years in the making, China’s dragons have evolved to push the boundaries of global competition. Accelerated innovation is the new frontier of global competition and it’s a space where China’s go-global companies are excelling.


Customer Satisfaction Index Of Singapore 2013: Q3 Results, Institute Of Service Excellence, Smu Nov 2013

Customer Satisfaction Index Of Singapore 2013: Q3 Results, Institute Of Service Excellence, Smu

Research Collection Institute of Service Excellence

The Customer Satisfaction Index of Singapore (CSISG) computes customer satisfaction scores at the national, sector, subsector, and company levels. The CSISG serves as a quantitative benchmark of the quality of goods and services produced by the Singapore economy over time and across countries. This is the CSISG’s seventh year of measurement


Singapore's Housing Policies: 1960-2013, Sock Yong Phang, Kyunghwan Kim Nov 2013

Singapore's Housing Policies: 1960-2013, Sock Yong Phang, Kyunghwan Kim

Research Collection School Of Economics

The focus of this case study is on the important role of real estate and housing policies in Singapore’s economic development. In the sphere of housing policy, Singapore is known for its high homeownership rates, the very significant role played by the government in housing supply and housing finance, and the wealth that has been created and distributed in the process.


Corruption, Democracy And Asia-Pacific Countries, Neil Campbell, Shrabani Saha Oct 2013

Corruption, Democracy And Asia-Pacific Countries, Neil Campbell, Shrabani Saha

Neil Campbell

This paper argues that the relationship between democracy and corruption is nonmonotonic. When a country shifts from autocratic rule to highly imperfect democracy (an ‘electoral democracy’) it is frequently perceived that the level of corruption increases. Conversely, when the democracy level is already relatively high (approaching ‘mature democracy’) an increase in the level of democracy is typically expected to decrease the level of corruption. To assist with our discussion of these issues, before going on to the empirical part of the paper, we look specifically at the case of South Korea to illustrate how corruption responded to an increasing level …


Rugged Regulatory Landscapes, Singapore Management University Oct 2013

Rugged Regulatory Landscapes, Singapore Management University

Perspectives@SMU

Indonesia’s miners are adept at scaling the country’s rugged regulatory landscape. But their legendary resilience may be put to the test in 2014. Written by Dharma Djojonegoro, President Director of Indonesian mining services provider PT Multi Nitrotama Kimia (MNK).


Stock Liquidity And The Pricing Of Earnings: A Comparison Of China’S Floating And Non-Floating Shares, Lou Fang, Jiwei Wang, Hongqi Yuan Oct 2013

Stock Liquidity And The Pricing Of Earnings: A Comparison Of China’S Floating And Non-Floating Shares, Lou Fang, Jiwei Wang, Hongqi Yuan

Research Collection School Of Accountancy

The reform to convert non-floating shares to floating in China provides a setting in which shares are subject to different liquidity constraint. We show that the severity of this constraint is inversely related to the extent to which earnings information is reflected in the share prices. Specifically, before the reform, the transfer prices of non-floating shares reflect much less earnings information than the market prices of floating shares. After the reform, however, both types of transfer reflect more earnings information, although the weights are still less than that found in the market prices. Thus, China's unique setting shows that share …


Many Asias But One Singapore: The Problematics Of Creative Industry, Kirpal Singh Oct 2013

Many Asias But One Singapore: The Problematics Of Creative Industry, Kirpal Singh

Research Collection School of Social Sciences

The author discusses issues concerning the creative industry in Singapore. He highlights a National Conversation event which features the critical role and position of the creative industry in Lion City aiming to be a global hub for the arts and culture. He also highlights the Singapore Day celebration as well as the country's relationship with the other Asian countries.


Evolving Chineseness, Ethnicity And Business: The Making Of The Ethnic Chinese As A ‘Market-Dominant Minority’ In Indonesia, Chang Yau Hoon Oct 2013

Evolving Chineseness, Ethnicity And Business: The Making Of The Ethnic Chinese As A ‘Market-Dominant Minority’ In Indonesia, Chang Yau Hoon

Research Collection School of Social Sciences

The ethnic Chinese in Indonesia play a very significant role in the nation’s economy. Their dominance in the Indonesian economy is often seen as disproportionate to their numbers, as reflected in the popular assertion that “the Chinese constitute only 3.5 percent of the population but control 70 percent of Indonesia’s economy”. In the New York Times bestseller, World on Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and Global Instability, Amy Chua (2004) identified Chinese Indonesians as one of the “ market-dominant minorities” in the world. Her book highlights the double bind of free market democracy: it privileges certain …


Capability Deployment In Crisis: Response To Asian Tsunami Disaster, Gary Pan Oct 2013

Capability Deployment In Crisis: Response To Asian Tsunami Disaster, Gary Pan

Research Collection School Of Accountancy

On 26 December 2004, an earthquake occurred under the Indian Ocean, 250 km northwest of the Indonesian island of Sumatra. According to the U.S. geological survey, the magnitude of the earthquake measured 9.0 on the Richter scale and the immense energy released from the earthquake triggered a series of tsunamis traveling at more than 600 km/h. The tsunami devastated the coastline of 13 countries, leaving more than 280,000 people dead and millions homeless. Soon after the disaster, the United Nations and the international community responded quickly with crisis relief operations for the nations affected. Unfortunately, these relief efforts soon ran …


An Exploratory Study On The Adoption And Use Of Ict In Myanmar, Sim Kim Lau, Graham K. Winley, Sim Yee Lau, Kim Song Tan Oct 2013

An Exploratory Study On The Adoption And Use Of Ict In Myanmar, Sim Kim Lau, Graham K. Winley, Sim Yee Lau, Kim Song Tan

Research Collection School Of Economics

This exploratory study investigates the adoption and use of information and communication technologies in Myanmar by examining the nature and structure of the information technology profession. The investigation is based on a theoretical framework consisting of three components: domains of information technology professional expertise; the scope of the information technology professional’s knowledge, skills and experience; and specific knowledge and skills associated with the domains of professional expertise. The findings show that specialist skills in systems development, database, network and communications are important. This paper also provides insights that are not found in current literature which investigates information technology skills in …


Singapore Management University Launches Financial It Academy @Smu To Train It Professionals In The Financial Services Industry, Singapore Management University Oct 2013

Singapore Management University Launches Financial It Academy @Smu To Train It Professionals In The Financial Services Industry, Singapore Management University

SMU Press Releases

Singapore Management University (SMU) has launched the first-of-its-kind academy in Singapore to provide training programmes targeted at the financial services IT segment. The Financial IT Academy @SMU (FITA) will equip financial sector IT professionals with enhanced IT capabilities that are critical to the growth of banking and financial services in Singapore, and also with the essential knowledge of the business needs and processes of financial institutions so that business and IT initiatives can be more effectively integrated for competitive advantage.


Exporting Expertise: A Note On Singapore's Gambit In Bangalore, India, Caroline Yeoh, Amrit Vaidyanath, Siang Yeung Wong Sep 2013

Exporting Expertise: A Note On Singapore's Gambit In Bangalore, India, Caroline Yeoh, Amrit Vaidyanath, Siang Yeung Wong

Caroline Yeoh

Infrastructure can be unreliable and administration subject to corruption in Asia’s rapidly emerging economies. This context presented Singapore with unique opportunities to export its ‘positive reputation’ to locations where these attributes are less certain, through the provision of superior infrastructure, the ability to negotiate investment concessions and, where existing, through the links to influential business groups in the investment location. This strategic initiative is premised on the perception that Singapore’s good relations with multinationals, as well as “connections” with Asian business networks, will give the industrial-township projects a marketing advantage. To complement the extensive literature on Singapore’s flagship projects in …


The Internationalization Of Singapore's State Enterprise Network In The Context Of Asia's Transborder Industrialization: New Evidence From Indonesia, Vietnam And China, Caroline Yeoh, Victor Sim, Genrong Meng Sep 2013

The Internationalization Of Singapore's State Enterprise Network In The Context Of Asia's Transborder Industrialization: New Evidence From Indonesia, Vietnam And China, Caroline Yeoh, Victor Sim, Genrong Meng

Caroline Yeoh

State-led, market-driven interventions have been the hallmark of the Singapore `success story’. This paper revisits Singapore’s state-enterprise strategy, in the context of the city-state’s determined efforts at internationalization, and takes a closer look at the portability of this strategy, in the framework of Regionalization21, a series of transborder industrialization experiments in Indonesia, Vietnam and China. These state-engineered projects, orchestrated to encapsulate economic space for Singapore-based firms to expand into the region, remains controversial. This strategic initiative is promulgated on the exportability of Singapore’s state credibility, systemic and operational efficiencies as well as technological competencies, to locations where these attributes are …


Embedded Co-Operation In The Context Of Singapore's Regionalization Program: The Batamindo Experiment Revisited, Caroline Yeoh, Adeline Kwan, Siang Yeung Wong Sep 2013

Embedded Co-Operation In The Context Of Singapore's Regionalization Program: The Batamindo Experiment Revisited, Caroline Yeoh, Adeline Kwan, Siang Yeung Wong

Caroline Yeoh

The development of Singapore-styled industrial parks has resided on the country’s ability to negotiate investment concessions at inter-government level, to provide superior infrastructure, and where existing, through the links to influential business groups in the investment location. Singapore’s first transborder industrialization project in Batam (Indonesia) reflects this stratagem. This paper revisits the debate on the attractiveness of the low-cost investment enclaves for multinational investments, with insights from Batamindo Industrial Park. Through evidence from on-site interviews and case studies, this paper concludes that while the project’s progress to date has been largely overshadowed by socio-political uncertainties in the host environment, its …


Customer Satisfaction Index Of Singapore 2013: Q2 Results, Institute Of Service Excellence, Smu Sep 2013

Customer Satisfaction Index Of Singapore 2013: Q2 Results, Institute Of Service Excellence, Smu

Research Collection Institute of Service Excellence

The Customer Satisfaction Index of Singapore (CSISG) computes customer satisfaction scores at the national, sector, sub-sector, and company levels. The CSISG serves as a quantitative benchmark of the quality of goods and services produced by the Singapore economy over time and across countries. This is the CSISG’s seventh year of measurement.


A Survey Of Executive Compensation Contracts In China’S Listed Companies, Yubo Li, Fang Lou, Jiwei Wang, Hongqi Yuan Sep 2013

A Survey Of Executive Compensation Contracts In China’S Listed Companies, Yubo Li, Fang Lou, Jiwei Wang, Hongqi Yuan

Research Collection School Of Accountancy

We analyze 228 executive compensation contracts voluntarily disclosed by Chinese listed firms and find that central-government-controlled companies disclose more information in executive compensation contracts than local-government-controlled and non-government-controlled companies. Cash-based payments are the main form of executive compensation, whereas equity-based payments are seldom used by Chinese listed companies. On average, there are no significant differences in the value of basic salaries and performance-based compensation in executive compensation contracts. But, compared with their counterparts in non-government-controlled companies, executives in government-controlled companies are given more incentive compensation. Accounting earnings are typically used in executive compensation contracts, with few firms using stock returns …


Competition, Competitiveness And 'Created' Competitive Advantages: Re-Positioning The Singapore 'Advantage' In China, India, Vietnam And Indonesia, Caroline Yeoh Aug 2013

Competition, Competitiveness And 'Created' Competitive Advantages: Re-Positioning The Singapore 'Advantage' In China, India, Vietnam And Indonesia, Caroline Yeoh

Caroline Yeoh

No abstract provided.


Regionalisation And Singapore's Transborder Industrialisation: A New Perspective On Suzhou Industrial Park, Xun Cai, Lu Gao, Caroline Yeoh Aug 2013

Regionalisation And Singapore's Transborder Industrialisation: A New Perspective On Suzhou Industrial Park, Xun Cai, Lu Gao, Caroline Yeoh

Caroline Yeoh

The dynamics of international economic competition have prompted governments to re-examine accustomed policies, and search for alternative strategies, in order to re-position their economies for the future. This paper takes a look at Singapore’s search for a competitive positioning in the global marketplace, and focuses on the city-state’s much-publicized, and controversial, flagship project in China, viz, the Suzhou Industrial Park (SIP). This strategic initiative is premised on the perceptions that Singapore’s positive reputation with multinational corporations, and ‘guanxi’ (or connections) with regional governments, will give the regional sites a strategic advantage in the competition for foreign investments. Earlier studies have …


Embedded Co-Operation In The Context Of Singapore's Regionalization Program: The Batamindo Experiment Revisited, Caroline Yeoh, Adeline Kwan, Siang Yeung Wong Aug 2013

Embedded Co-Operation In The Context Of Singapore's Regionalization Program: The Batamindo Experiment Revisited, Caroline Yeoh, Adeline Kwan, Siang Yeung Wong

Caroline Yeoh

The development of Singapore-styled industrial parks has resided on the country’s ability to negotiate investment concessions at inter-government level, to provide superior infrastructure, and where existing, through the links to influential business groups in the investment location. Singapore’s first transborder industrialization project in Batam (Indonesia) reflects this stratagem. This paper revisits the debate on the attractiveness of the low-cost investment enclaves for multinational investments, with insights from Batamindo Industrial Park. Through evidence from on-site interviews and case studies, this paper concludes that while the project’s progress to date has been largely overshadowed by socio-political uncertainties in the host environment, its …


Singapore's Regionalization Blueprint: The Empirics Of The Case For Selective Intervention, Caroline Yeoh, Siang Yeung Wong Aug 2013

Singapore's Regionalization Blueprint: The Empirics Of The Case For Selective Intervention, Caroline Yeoh, Siang Yeung Wong

Caroline Yeoh

No abstract provided.


Singapore's Foray Into Bangalore, India: An Empirical Review, Amrit Vaidyanath, Caroline Yeoh, Siang Yeung Wong Aug 2013

Singapore's Foray Into Bangalore, India: An Empirical Review, Amrit Vaidyanath, Caroline Yeoh, Siang Yeung Wong

Caroline Yeoh

Singapore’s regionalization stratagem led to the establishment of industrial parks in China, India and several South-East Asian countries. The strategic intent behind these overseas projects was two-fold: exporting Singapore’s competencies such as management know-how, technological capabilities and corrupt-free administration to regions where such positive factors were lacking and secondly, exploiting comparative advantages that each region had to offer. This paper investigates Singapore’s foray into India, through the technology park in Bangalore. It evaluates the location specific benefits of the site, primarily in terms of abundant and low-cost labor resources. Accompanied by empirical findings, this study finds that, while location-specific merits …


Staying Ahead Of The Competition: Insights From Singapore's Manufacturing Enclave In Vietnam, Caroline Yeoh, Di Kun Goh, Wilfred Pow Ngee How Aug 2013

Staying Ahead Of The Competition: Insights From Singapore's Manufacturing Enclave In Vietnam, Caroline Yeoh, Di Kun Goh, Wilfred Pow Ngee How

Caroline Yeoh

The apparent success of Singapore-styled industrial parks in attracting foreign investments into the emerging Asian economies to capitalize on cheap and abundant resources has led, pari passu, to a mushrooming of similarly-patterned competitor parks in close proximity to the flagship projects. Many of the competitor parks offer either similar or comparable facilities, lower rates, or, in some cases, both. The ensuing dynamic competitive interactions between the competitor parks and the Singapore-styled parks have forced a re-examination of the viability of the Singapore advantage in navigating the economics of competition, and in sustaining competitive advantage. The Vietnam-Singapore Industrial Park (VSIP), unsurprisingly, …


Integrating Business Opportunities In Contiguous Economies: Perspectives From Singapore's Gambit In Indonesia, Caroline Yeoh, Sang M Lee, W. Ra Jang Aug 2013

Integrating Business Opportunities In Contiguous Economies: Perspectives From Singapore's Gambit In Indonesia, Caroline Yeoh, Sang M Lee, W. Ra Jang

Caroline Yeoh

No abstract provided.


The Singapore "Advantage" In India: A Perception Or A Premium?, Alexandra Si-Lan Wee, Ai Lin Leong, Caroline Yeoh Aug 2013

The Singapore "Advantage" In India: A Perception Or A Premium?, Alexandra Si-Lan Wee, Ai Lin Leong, Caroline Yeoh

Caroline Yeoh

Singapore’s regionalisation strategy has been applied in various countries, such as China, Vietnam and India, through the establishment of industrial parks. The parks are marketed as a winning combination of the host country’s unique location advantages and Singapore style efficiency and management know-how. Singapore’s foray into India was marked by the setting up of the ITPL in Bangalore, and furthered by its venture into a future phase of HITEC City, based on her success in Bangalore. However, with global businesses shifting interests towards India, and competing industrial parks emerging to meet the increasing demand, ITPL is faced with stiff competition …


Strategic Management For Economic Development: Remaking The Singapore 'Model', Caroline Yeoh, Wilfred Pow Ngee How Aug 2013

Strategic Management For Economic Development: Remaking The Singapore 'Model', Caroline Yeoh, Wilfred Pow Ngee How

Caroline Yeoh

The dynamics of international economic competition have far-reaching policy implications for both developing and developed countries. Established industrial and trade policy regimes in most countries are under tremendous strain, and this applies even to the dynamic Newly Industrialising Economies (NIEs). The outward-oriented development strategies of the Asian NIEs, which once seemed unbeatable, have run up against protectionist barriers in the developed countries, and increasingly, against competitive pressures from other up and coming developing countries. Governments in these NIEs have had to re-examine accustomed policies and strategies, and search for alternative strategies and programs, in order to re-position their economies for …


Local Knowledge Going Global: Singapore's Exported Expertise In Indonesia, Vietnam And China, Wilfred Pow Ngee How, Caroline Yeoh Aug 2013

Local Knowledge Going Global: Singapore's Exported Expertise In Indonesia, Vietnam And China, Wilfred Pow Ngee How, Caroline Yeoh

Caroline Yeoh

No abstract provided.


Singapore Business And The Gulf: Un Tour D’Horizon, Caroline Yeoh, Wilfred How Aug 2013

Singapore Business And The Gulf: Un Tour D’Horizon, Caroline Yeoh, Wilfred How

Caroline Yeoh

Never more newsworthy in business circles has been the Gulf Region than in recent decades; from the region's vast economic strength and meteoric development, to the events of the financial crisis and the ongoing 'Arab spring'. A rich environment in every way – business, cultural, and socio-political – the countries of the Gulf Co-operation Council (GCC) provide a fascinating subject for academic study from a wealth of perspectives. Some of these perspectives are well-explored; others, markedly less so, the business dimension of this unique and complicated market regrettably among them. While a favored subject of our own research, the comparative …


Economics Of Competition': A Study Of Low-Cost Manufacturing Enclaves In Batam Island, Indonesia, Caroline Yeoh, Feng Hao Chua, Sylvie Tan Aug 2013

Economics Of Competition': A Study Of Low-Cost Manufacturing Enclaves In Batam Island, Indonesia, Caroline Yeoh, Feng Hao Chua, Sylvie Tan

Caroline Yeoh

Singapore’s transborder industrialization projects in China and India have received much attention. This regionalization initiative was intended to set in place a strategic configuration for the city-state to restructure its domestic industries and, pari passu, retain important linkages with contiguous, low-cost environments. Our study reports on Singapore’s pioneering, albeit lesser-known, project - Batamindo Industrial Park – in neighboring Batam Island, Indonesia, and finds that the strategic intent of this policy gambit remains stymied by non-economic, socio-political complexities in the host environment, and the economics of competition from other industrial estates in the vicinity of this prototype, remains to be addressed.