Business Commons^™

Nominal Prices, Retail Investor Participation, And Return Momentum, Jun Du, Dashan Huang, Yu-Jane Liu, Yushui Shi, Avanidhar Subrahmanyam, Huacheng Zhang

Research Collection Lee Kong Chian School Of Business

We employ an identification strategy for retail participation to explore the link between return momentum and investing clientele. This scheme relies on strictly enforced round-lot rules in China, which financially constrain retail investors from participating in stocks with high nominal prices. We find that there is strong momentum in high-priced stocks, but no momentum on aggregate. This result supports the idea that noise trades of retail investors mask momentum, while other, more sophisticated investors contribute to momentum. We validate this notion by showing that retail investors with small (large) portfolios are less (more) prone to participating in stocks with high …

Can’T Get Work Off My Mind: The Effect Of Nonwork Goal Reflection On After-Work Rumination And Well-Being, Trevor A. Foulk, Min-Hsuan Tu, Michael Schaerer, Amber Johnson

Research Collection Lee Kong Chian School Of Business

Many employees lament that their inability to stop ruminating about work during nonwork time is one of their most significant work-related challenges, yet limited research has articulated actionable strategies to address this issue on a day-to-day basis. Integrating goal shielding theory with rumination theory, our model introduces nonwork goal reflection as a deliberate behavioral intervention employees can engage in to curtail work-related rumination, in a way that facilitates well-being during nonwork time. Specifically, we argue that engaging in nonwork goal reflection—where employees intentionally reflect on nonwork goals to be completed during their nonwork time—can curtail work-related rumination and is associated …

Program Management And Building Partner Capacity: A Tangled Thicket, Phil W. Reynolds

Publications

This chapter explores how the U.S. Department of Defense plans and executes Building Partner Capacity projects in lower-middle and low-income partners. U.S. planners and practitioners rarely understand the effective pre-conditions that influence partner security apparatus and infrastructure. Consequently, security capabilities provided to the partner are rarely sustained and provide questionable security to the affected population. The U.S. Department of Defense uses a three-part approach to building security with partners: training and equipping, building institutional capacity, and monitoring and evaluating. U.S. security planners should manage all three parts concurrently to produce a security capability that the partner uses and sustains and …

Algorithm-Based Pay-For-Performance (Apfp) Systems: Paradoxes In Artificial Intelligence's Influence On Pay-For-Performance Theories, Anthony Nyberg, Dhuha Abdulsalam, Ormonde Cragun, Vijayesvaran Arumugam

Faculty Publications

Although artificial intelligence (AI) and generative AI (GenAI) are increasingly used to assess and reward employees, their implications for foundational pay-for-performance (PFP) theories remain underexplored. Traditional PFP systems are effective in an era of static evaluations and infrequent feedback, but they lack the intelligence and flexibility needed for today's dynamic work environments. In response, we introduce algorithm-based PFP (APFP) systems—PFP systems that leverage AI and GenAI to enable real-time adaptability, predictive capabilities, customization, automated algorithmic recommending, and measurement sophistication. We then use the APFP framework to assess its implications for three foundational PFP theories (equity theory, expectancy theory, and tournament …

Improving Public Transport Through Machine Learning Influence Flow Analysis (Mifa): Southern England Bus Case Study, Benjamin Lee, Wolfgang Garn, Masoud Fakhimi, Nick F. Ryman-Tubb

Research Collection School Of Accountancy

Public transport (PT) is crucial for enhancing the quality of life and enabling sustainable urban development. As part of the UK Transport Investment Strategy, increasing PT usage is critical to achieving efficient and sustainable mobility. This paper introduces Machine Learning Influence Flow Analysis (MIFA), a novel framework for identifying the key influencers of PT usage. Using survey data from bus passengers in Southern England, we evaluate machine learning models. Subsequently, MIFA uncovers that easy payments, e-ticketing, and mobile applications can substantially improve the PT service. MIFA’s implementation demonstrates that strength and importance lead to specific insights into how service characteristics …

Dyadic Trust Congruence And Asymmetry: The Mediating Role Of Psychological Needs On Trust And Performance, Hongyin Cai

Dissertations and Theses Collection (Open Access)

This thesis examines how trust congruence and trust asymmetry shape leader-subordinate relationships and how these dynamics influence LTS and subordinate job performance. Trust congruence and trust asymmetry are defined by the degree of alignment between STL and SFT. Drawing on Self-Determination Theory, this study investigates these processes from the subordinate’s perspective using a mixed-method design that integrates qualitative interviews and quantitative analysis.

Results show that subordinate trust in leader (STL), subordinate felt trust (SFT) and leader trust in subordinate (LTS) are three distinct constructs. Trust asymmetry is prevalent, with subordinate often trusting more than they feel trusted. Asymmetry meaningfully shapes …

Enterprise Digital Transformation: An Analysis Of Value Creation From An Operational Perspective, Weiguo Ling

Dissertations and Theses Collection (Open Access)

Digital transformation has become a critical pathway for the manufacturing sector to break through growth bottlenecks and reshape its core competitiveness. However, in practice, a large number of enterprises are trapped in the transformation paradox of a “discrepancy between perceived consensus and actual outcomes”. The core issue lies in the fact that traditional investment evaluation methods struggle to effectively measure the multi-dimensional value created by digitalization. From the perspective of operational management, this study focuses on the mechanisms and evaluation methods of digital value creation in different manufacturing contexts. A four-dimensional Value Evaluation Framework is proposed, comprise of Value Identification, …

Governance-By-Support: Non-Financial Incentive, Agency Costs, And Performance In Overseas Projects, Jixiang Lyu

Dissertations and Theses Collection (Open Access)

As the Belt and Road Initiative continues to advance, multinational corporations from emerging economies have become increasingly reliant on expatriates to oversee overseas project execution, facilitate technology transfer, and manage on-site coordination. However, in contexts characterized by financial constraints, information opacity, and significant geographic and cultural distance, traditional Western models of expatriate management, which emphasize high compensation and tight monitoring, often prove difficult to sustain in practice. In reality, some firms are able to maintain high levels of expatriate commitment and stable overseas project performance even when expatriate compensation is below market levels. This seemingly anomalous phenomenon poses an interesting …

The Impact Of Service Model Innovation Of Woodworking Machinery Equipment Suppliers On Downstream Furniture Industry Enterprises' Competitiveness, Wenquan Jing

Dissertations and Theses Collection (Open Access)

This study examines the impact of service model innovation by woodworking machinery equipment suppliers on the competitiveness of downstream furniture enterprises, focusing on evolving competitive dynamics in equipment manufacturing within the context of service-oriented manufacturing and digital transformation. In the digital economy era, industrial competition is transitioning from traditional product-centric approaches to a value co-creation-oriented paradigm centered on customer value and service capabilities. As a typical equipment manufacturing subsector, the woodworking machinery industry has long relied on equipment sales and after-sales maintenance models that fail to meet downstream furniture enterprises" demands for flexible production, intelligent operation and maintenance, and end-to-end …

Antecedents And Consequences Of Cognitive And Affective Trust In Wealth Management: Impacts On Wealth Manager Selection And Asset Under Management (Aum) Growth, Ting Hsi Chen

Dissertations and Theses Collection (Open Access)

Trust is key to wealth management decision-making; there is little empirical clarity on the relationships between different dimensions of trust and client behavior at each stage of the relationship. Previous works differentiated Cognitive trust, based on perceived competence, and Affective trust, based on relational and emotional connections. Nevertheless, the mechanisms under which these trust dimensions act during the pre- and post-account-opening phases have not yet been thoroughly studied. This research addresses this gap by exploring the stage-dependent influence of Cognitive and Affective trust on the central behavioral outcomes in wealth management.

The approach is a quantitative research based on a …

Gen Z Employees’ Characteristics And Their Impacts On Work Motivation And Outcomes: A Comparative Study Of Private Firms And State-Owned Enterprises In China, Yanfang Zheng

Dissertations and Theses Collection (Open Access)

This study examines the characteristics of Generation Z (Gen Z) employees and investigates how these traits influence work motivation and job-related outcomes within the Chinese organizational context. Specifically, the research compares employees working in state-owned enterprises (SOEs) and private firms, two dominant but structurally distinct organizational forms in China. Drawing upon self-determination theory, generational cohort theory, and organizational behavior literature, the study proposes a conceptual model in which Gen Z characteristics influence job outcomes both directly and indirectly through intrinsic and extrinsic motivation, with organizational type acting as a moderating variable. A quantitative, multi-source survey design was employed. Data were …

The Impact Mechanism Of Low-Carbon Circular Development On Comprehensive Performance: Evidence From Manufacturing Firms, Xuejun Hu

Dissertations and Theses Collection (Open Access)

The advancement of the dual-carbon goals and the deepening of green transformation have positioned the impact of low-carbon circular development on firm performance as a central issue in corporate sustainabilityresearch. Taking Chinese A-share listed manufacturing firms from2007 to2022 as the research sample, this study constructs an indicator systemof firms’ low-carbon circular development from two dimensions—resource utilizationefficiency and emission control efficiency—and assesses comprehensive performance from financial and non-financial metrics. On this basis, the combined weighting–TOPSIS method is employed to measure the levels of low-carbon circular development and comprehensive performance. Amultidimensional fixed-effects panel model is used to examine their relationship. Furthermore, total …

The Impact Of Corporate Social Responsibility On Employees' Work Attitudes And Behaviors, Qian Yuan

Dissertations and Theses Collection (Open Access)

Why do some new employees voluntarily leave within a short period after joining a corporation, while others do not? Drawing on information asymmetry theory and adverse selection theory, this dissertation argues that information asymmetry and adverse selection between job seekers and firms before organizational entry, or during the job search process, are important reasons for new employees’ short-term voluntary turnover. Because corporate social responsibility (CSR) can provide people with information about a firm’s capabilities, willingness, and intentions, this dissertation proposes that firms’ CSR activities can provide job seekers with information about various aspects of the firm. In doing so, CSR …

The Impact Of Job Demands On Work And Family Outcomes Among Healthcare Workers In China: The Moderating Effect Of Gender And Professional Identity Integration (G-Pii) And Communal Orientation, Wei Zhou

Dissertations and Theses Collection (Open Access)

Long work hours, emotional strain, and stress are just a few of the high demands placed on healthcare workers in China, which have led to occupational burnout, tension between job and family, and worse health. This research investigates the relationship between job demands and burnout via the lens of the Job Demands-Resources model and social identity theory, work-family balance, subjective well-being, and career commitment among Chinese healthcare workers. We focus on the moderating roles of gender and professional identity integration (G-PII) and communal orientation. In a two-wave investigation, 317 medical professionals from different Chinese hospitals took part. Hierarchical regression studies …

Research On Characteristics Of The Subsidiary, Business Environment, And Group Control, Xiaoning Yu

Dissertations and Theses Collection (Open Access)

As a crucial pillar in the development of China’s national economy, corporate groups play an irreplaceable role in driving economic growth and promoting industrial upgrading. However, in the management practice of subsidiaries, they have long faced the control dilemma of "tight control leads to stagnation, while excessive decentralization leads to chaos." This study focuses on the fit between subsidiary characteristics, the business environment, and the degree of group control as its core research issue. It aims to uncover the underlying logic of group control in different contexts, providing scientific theoretical support and practical guidance for corporate groups in the new …

How Product Innovation And Process Innovation Impact Product Performance, Wei Wang

Dissertations and Theses Collection (Open Access)

In an increasingly competitive global market characterized by accelerating technological iteration and rapidly evolving consumer demands, innovation has become a critical means for firms to adapt to dynamic changes and achieve competitive advantage. Grounded in dynamic capabilities theory and the resource-based view, this study empirically investigates the mechanisms through which product innovation and process innovation affect product performance, drawing on survey data from 215 products. It further examines the mediating role of product flexibility and the moderating effect of product positioning. The results indicate that both product innovation and process innovation have a significant positive impact on product performance. Product …

A Study On The Relationship Between Traffic Spillover And Rental Rates Of Shopping Centre Stores Based On Consumer Movement Data, Hongjun Zhang

Dissertations and Theses Collection (Open Access)

This study is based on consumer movement trajectory data and examines the relationship between traffic spillover among stores within shopping centres and their rent ratios, responding to the practical limitation that traditional rental pricing mechanisms often overlook the dynamic structure of customer flows. Using micro-level consumer movement data and store rental data from three shopping centres in Shenzhen, Nanjing, and Chongqing, this paper constructs a store transition network reflecting customer movements between stores. Social network analysis is employed to measure stores’ network influence indicators (such as degree centrality, betweenness centrality, and structural holes) as well as traffic spillover indicators derived …

How Do Monetary Incentives Affect Prosocial Behavior Among Gig Workers?—Behavioral Experiments Based On Flashex, Peng Xue

Dissertations and Theses Collection (Open Access)

The gig economy has reshaped labor markets. Motivating mobile, loosely contracted gig workers to engage in prosocial behavior is critical for platform governance. This paper uses a randomized field experiment on FlashEx in comparable Chinese cities to examine how monetary incentives affect delivery workers’ prosocial behavior and related economic outcomes.

The main findings of this study are as follows. First, monetary incentives significantly promote gig workers’ prosocial behavior, effectively increasing both the likelihood and frequency of their participation in altruistic acts. This effect is primarily driven by the “instrumental value” mechanism in the gig economy: the platform’s gold coin rewards, …

Institutional Cross-Ownership Of Peer Firms And Revelatory Price Efficiency, Young Jun Cho, Holly I. Yang, Yue Zhao

Research Collection School Of Accountancy

We argue that cross-ownership increases the amount of private information in stock price, enhancing the ability of stock price to provide feedback to managers. Consistent with this argument, we find greater cross-ownership heightens a firm’s investment-q sensitivity. This effect is stronger for firms with a lower propensity for voluntary disclosure and for firms whose managers hold less private information. Furthermore, we find that cross-ownership is negatively associated with the sensitivity of a firm’s investment to its peers’ stock prices. Additionally, cross-ownership has a stronger impact on the investment-q sensitivity when measured among investors who trade more actively the firm’s shares. …

Covenants Not To Compete Are Again Being Scrutinized By Federal Regulators, Daniel Schulte Jd

The Journal of the Michigan Dental Association

This column examines the increasing federal scrutiny of non-compete agreements by the Federal Trade Commission (FTC). It notes that both the Trump and Biden administrations have prioritized curtailing the misuse of these agreements, particularly in healthcare. The article provides practical steps for employers to audit existing agreements for reasonableness and individualization. It encourages exploring alternatives such as non-solicitation and confidentiality clauses and stresses the importance of documenting the legitimate business interests that justify any remaining non-compete requirements to withstand future regulatory scrutiny.

Unfortunately, The Price Of Procrastination Is Higher Premiums, Jeff Spindler Mda Ifg

The Journal of the Michigan Dental Association

This article discusses the relationship between property maintenance and insurance premium costs. It emphasizes that standard policies do not cover normal wear and tear and provides a checklist of preventative measures for home and auto to help members avoid claims. The author also recommends additional coverages, such as personal umbrella and cyber insurance, to address modern liability and security threats. The piece concludes by encouraging members to use MDA Insurance for coverage reviews and to take advantage of available discounts.

J Mich Dent Assoc March 2026

The Journal of the Michigan Dental Association

Each month, the Journal of the Michigan Dental Association delivers news, information, and features about Michigan dentistry to our state's oral health community and the MDA's 6,200+ members. It remains the main publication reaching Michigan dentists and is available worldwide through ADA Commons.

The March 2026 (Volume 108, No. 3) issue of the Journal is published in a digital format to provide updates and insights for Michigan's oral health community and MDA members. Print editions occur every other month beginning with January.

This issue includes feature articles on Most-Asked Dental Benefit Questions, an interview with ADA Speaker Dr. Deb Peters, …

Credit Card Reform Tops Legislative Wins For Dentistry, Lance Plunkett Jd, Llm

The New York State Dental Journal

Several new laws of interest to dentistry were passed in 2025 and two of them were NYSDA’s own proposals, making the 2025 legislative session a productive one for the State Association, arguably the best in years.

Dentistry Is The Life For Me, Michelle C. Dziurgot

The Journal of the Michigan Dental Association

In this editorial, the author reflects on her long career in dentistry and shares recent experiences with practice management and technological upgrades. She details the challenging but successful process of renegotiating PPO contracts to improve reimbursement rates and the financial benefits of moving to a more efficient office space. The author also highlights the clinical benefits of new equipment, such as a hand-held X-ray unit, and expresses her continued passion for the profession. The piece serves as both a personal reflection and an encouragement to colleagues to find joy and efficiency in their practices.

Should I Pay An Employee During Jury Duty?, Jodi Schafer Sphr, Shrm-Scp

The Journal of the Michigan Dental Association

This article provides human resources guidance on managing staff called for jury duty. While Michigan law does not require employers to pay for this time, it prohibits any form of punishment or discipline for serving. The author discusses common industry practices, such as paying the difference between jury stipends and normal wages, to avoid causing financial hardship for employees. She recommends that practices establish a clear, consistent policy that includes reasonable time limits for paid leave to balance their civic support with the financial needs of the practice.

Courageous Conversations: A Dental Professional’S Most Powerful Skill, Katherine Eitel Belt

Metro Denver Dental Society Articulator Magazine

Many professionals avoid difficult conversations out of fear of conflict or failure, but avoidance only worsens problems and erodes trust. This article by Ms. Katherine Eitel Belt offers practical tools for having courageous, productive dialogues. The author shared tips, including listening first, starting from agreement, suspending judgment and emphasizing choice. Ms. Eitel Belt makes a case that by approaching conversations with empathy, openness, and curiosity, leaders can resolve issues more effectively, strengthen relationships, and build healthier, more collaborative teams.

What Ce Do I Need To Take To Renew My Dea License?, Rachel Sinacola Dds, Ms

The Journal of the Michigan Dental Association

This resource provides practical answers to member questions about licensure and association events. It explains the new DEA requirement for a one-time eight-hour training on substance use disorders and highlights available MDA courses that fulfill this mandate. The source also details significant changes to the MDA Annual Session registration process, which now uses a simplified pass system rather than individual course registration. Additionally, it offers guidance on renewing dental licenses through the MiPLUS platform and downloading the MDA member logo.

Answering Your Most-Asked Dental Benefit Questions, William Sullivan Jd, James Budd Mpp

The Journal of the Michigan Dental Association

This column examines the increasing federal scrutiny of non-compete agreements by the Federal Trade Commission (FTC). It notes that both the Trump and Biden administrations have prioritized curtailing the misuse of these agreements, particularly in healthcare. The article provides practical steps for employers to audit existing agreements for reasonableness and individualization. It encourages exploring alternatives such as non-solicitation and confidentiality clauses and stresses the importance of documenting the legitimate business interests that justify any remaining non-compete requirements to withstand future regulatory scrutiny.

Ce Spotlight: New Dentists! Check Out These Great Annual Session Courses, David Foe

The Journal of the Michigan Dental Association

This source highlights continuing education opportunities specifically recommended for new dentists at the upcoming Michigan Dental Association (MDA) Annual Session in Grand Rapids. It lists a variety of course titles covering clinical techniques, leadership, practice ownership, and personal wellness. Additionally, it provides information on how to access a full listing of MDA CE courses, including on-demand webinars and radiography training, through the official website.

News You Need, David Foe

The Journal of the Michigan Dental Association

This comprehensive news section covers a wide range of association updates, including previews of the 2026 Annual Session and the Mission of Mercy volunteer event. It provides critical "Dental Benefit Briefs" regarding claims appeals, CMS rule changes for prior authorization, and code deletions affecting reimbursement. The source also features a Q&A with the new ADA 9th District Trustee and highlights new guidelines for using generative AI in dental journalism. Additionally, it reports on community grants and charitable programs like Livingston District’s "Gold for Food".