Open Access. Powered by Scholars. Published by Universities.®
- Discipline
-
- Finance and Financial Management (28)
- Social and Behavioral Sciences (12)
- Asian Studies (9)
- International and Area Studies (9)
- Accounting (4)
-
- Technology and Innovation (4)
- Corporate Finance (3)
- Economics (3)
- Education (3)
- Business Administration, Management, and Operations (2)
- Finance (2)
- Higher Education (2)
- Strategic Management Policy (2)
- Arts and Humanities (1)
- Banking and Finance Law (1)
- Computer Sciences (1)
- Databases and Information Systems (1)
- Education Economics (1)
- Feminist, Gender, and Sexuality Studies (1)
- Growth and Development (1)
- International Business (1)
- Law (1)
- Management Information Systems (1)
- Marketing (1)
- Medicine and Health Sciences (1)
- Physical Sciences and Mathematics (1)
- Public Health (1)
- Sociology (1)
- Women's Studies (1)
- Publication Year
- Publication
- Publication Type
Articles 1 - 30 of 32
Full-Text Articles in Business
China's Mybank: Creating Shared Value, Heli Wang, Lipika Bhattacharya
China's Mybank: Creating Shared Value, Heli Wang, Lipika Bhattacharya
Asian Management Insights
Online banking has delivered financial inclusivity and profits, but has it also created shared value?
Are Markets Interested In Adapting To Climate? Insights From Singapore, Stella Whittaker, Tran Bao Phuong Nguyen
Are Markets Interested In Adapting To Climate? Insights From Singapore, Stella Whittaker, Tran Bao Phuong Nguyen
Sim Kee Boon Institute for Financial Economics
We have collected the views of leading practitioners and academics in Singapore involved in funding and financing urban climate change adaptation1 (thereon referred to as urban adaptation). Throughout this paper we discuss several vital perspectives on adaptation financing, namely responsibility for adaptation investment, the extent of government adaptation investment, private sector adaptation investment appetite and prospects for experimentation in adaptation financing. We also attempt to shed light on the existence or not of an adaptation financing gap2 in Singapore.
Bringing Excitement To Empirical Business Ethics Research: Thoughts On The Future Of Business Ethics, Mayowa T. Babalola, Matthijs Bal, Charles H. Cho, Lucia Garcia-Lorenzo, Omrane Guedhami, Hao Liang, Greg Shailer, Suzanne Van Gils
Bringing Excitement To Empirical Business Ethics Research: Thoughts On The Future Of Business Ethics, Mayowa T. Babalola, Matthijs Bal, Charles H. Cho, Lucia Garcia-Lorenzo, Omrane Guedhami, Hao Liang, Greg Shailer, Suzanne Van Gils
Research Collection Lee Kong Chian School Of Business
To commemorate 40 years since the founding of the Journal of Business Ethics, the editors-in-chief of the journal have invited the editors to provide commentaries on the future of business ethics. This essay comprises a selection of commentaries aimed at creating dialog around the theme Bringing Excitement to Empirical Business Ethics Research (inspired by the title of the commentary by Babalola and van Gils). These editors, considering the diversity of empirical approaches in business ethics, envisage a future in which quantitative business ethics research is more bold and innovative, as well as reflexive about its techniques, and dialog between quantitative …
Uncovering The Value Of Blockchain Applications In The World Of Finance, Qiang Cheng
Uncovering The Value Of Blockchain Applications In The World Of Finance, Qiang Cheng
Research Collection School Of Accountancy
This article discusses the benefits of using blockchain in the context of asset-backed security (ABS) issuance: reducing information asymmetry between issuers and investors, reducing yield spread of ABS, disciplining credit rating agencies, increasing the quality of underlying assets, and reducing issuers’ risk exposure. Such benefits should apply to other blockchain applications in the world of finance.
Quantum Machine Learning For Credit Scoring, N. Schetakis, D. Aghamalyan, M. Boguslavsky, A. Rees, Marc Rakotomalala, Paul Griffin
Quantum Machine Learning For Credit Scoring, N. Schetakis, D. Aghamalyan, M. Boguslavsky, A. Rees, Marc Rakotomalala, Paul Griffin
Research Collection School Of Computing and Information Systems
In this paper we explore the use of quantum machine learning (QML) applied to credit scoring for small and medium size businesses (SMEs). A quantum/classical hybrid approach has been used for two years of experimentation with several models, activation functions, epochs, other parameters. Results are shown from the best model, using two quantum classifiers and a classical neural network, applied to data for companies in Singapore. We observe significantly more efficient training for the quantum models over the classical models for comparable prediction performance. Practical issues are also explored including a quadratic computational slow down with the number of qubits …
Building Sustainability And Impact Into Accounting, Hajar Yagkoubi, Eelco Van Der Enden, Eszter Vitorino, Reynir Indahl, Tjeerd Krumpelman
Building Sustainability And Impact Into Accounting, Hajar Yagkoubi, Eelco Van Der Enden, Eszter Vitorino, Reynir Indahl, Tjeerd Krumpelman
Perspectives@SMU
Can it be done? The answer is yes but it depends on solid academic research, investor pressure, and good old lobbying
Escaping From The Dilemma Of Corporate Bribery, Singapore Management University
Escaping From The Dilemma Of Corporate Bribery, Singapore Management University
Perspectives@SMU
CUHK research finds firms located in regions with more corruption cases protect themselves by speeding the recognition of bad news and delaying the recognition of good news
Teaching Users About Real World Of Finance, Aurobindo Ghosh
Teaching Users About Real World Of Finance, Aurobindo Ghosh
Research Collection Lee Kong Chian School Of Business
In a commentary, SMU Assistant Professor of Finance (Education) and Director of Citi-Foundation SMU Financial Literacy Programme for Young Adults Aurobindo Ghosh shared his views on the metaverse and the opportunities to make money in the metaverse economy. While pointing out that lowering the cost of service and standardising service, as a virtual banking establishment, might increase customer experience for financial services, Asst Prof Ghosh cited a 2021 survey conducted by the Citi-Foundation SMU Financial Literacy Programme which found evidence that financial inclusion among young adults reduces impediments to banking like access to branches and documentation requirements.
When Experts Become Liabilities, Singapore Management University
When Experts Become Liabilities, Singapore Management University
Perspectives@SMU
Criticism can easily hit the confidence of experts and undermine the accuracy of their predictions, new research shows
Central Bank Digital Currencies: Inevitable?, Harald Uhlig
Central Bank Digital Currencies: Inevitable?, Harald Uhlig
Perspectives@SMU
Central banks are right to worry about CBDCs leading to runs on them. Is that better than letting the private sector influence monetary policy?
How Do You Measure A Brand’S Value?, Samir Dixit
How Do You Measure A Brand’S Value?, Samir Dixit
Perspectives@SMU
There is an ISO standard, and a brand could be worth more than you initially thought
Spacs: Is It For Real Estate?, Melvyn Teo, Ronald Tan, Indran Thana, Yin Mei Lock
Spacs: Is It For Real Estate?, Melvyn Teo, Ronald Tan, Indran Thana, Yin Mei Lock
Perspectives@SMU
SPACs are gaining popularity but investors should do their homework
Accounting And Finance Lessons In The Time Of Covid-19: Views From The Pacific Basin: Part 2, Kuan Yong David Ding, Julie Harrison, Martien Lubberink, Chris Van Staden
Accounting And Finance Lessons In The Time Of Covid-19: Views From The Pacific Basin: Part 2, Kuan Yong David Ding, Julie Harrison, Martien Lubberink, Chris Van Staden
Research Collection Lee Kong Chian School Of Business
The global COVID-19 pandemic is now in its second year, and we are fast approaching the third. The year 2021 has brought some hope that vaccination will lead to the end of the pandemic. But it has also brought a more infectious variant of COVID-19 and multiple waves of surging cases that show no immediate sign of disappearing. As the pandemic continues to impact global societies and economies, it is imperative that we study its impact to try and understand how it will affect us in both the short-term and long-term. While the longer-term impacts are still unknown, there is …
The Unknown Benefits Of Black Markets, Singapore Management University
The Unknown Benefits Of Black Markets, Singapore Management University
Perspectives@SMU
Research on the license plate market in China’s capital finds that black markets can potentially serve as an auction mechanism to redistribute limited resources to those in need
Accounting And Finance Lessons In The Time Of Covid-19 – Views From The Pacific Basin, Kuan Yong David Ding, Julie Harrison, Martien Lubberink, Chris Van Staden
Accounting And Finance Lessons In The Time Of Covid-19 – Views From The Pacific Basin, Kuan Yong David Ding, Julie Harrison, Martien Lubberink, Chris Van Staden
Research Collection Lee Kong Chian School Of Business
The COVID-19 pandemic is expected to create the worst economic recession in our lifetime and generate “enormous damage to our health, jobs, and well-being” (OECD, 2020). This special issue focuses on the lessons for accounting and finance policy-makers, practitioners, and academics as a result of the social and economic turmoil that arose in the immediate period following the World Health Organization’s declaration of a pandemic (WHO, 2020). Governments responded to support businesses and economies using various policy tools to support markets, businesses and individuals impacted by the pandemic. It is timely to consider the extent to which policymakers and standard-setters …
The Strategic Approach To Internationalisation, Gordon Perchthold
The Strategic Approach To Internationalisation, Gordon Perchthold
Asian Management Insights
Asia is the global sweet spot for multinationals (MNCs) looking to generate revenue and, over the mid-term, sustained profits.
Disruptive Technologies And Digital Transformation Of The Financial Services Industry In Singapore: Regulatory Framework And Challenges Ahead, Aurelio Gurrea-Martinez
Disruptive Technologies And Digital Transformation Of The Financial Services Industry In Singapore: Regulatory Framework And Challenges Ahead, Aurelio Gurrea-Martinez
Research Collection Yong Pung How School Of Law
This paper seeks to provide a general overview of the impact of new technologies in the financial services industry in Singapore. For that purpose, it starts by emphasizing that technology has always played an important role in the financial industry. However, new disruptive technologies, as well as the increasing use of data in the financial services industry, have created new challenges and opportunities for the financial sector. While Singapore has managed to address these challenges by adopting one of the quickest and most innovative and comprehensive responses probably observed internationally, financial markets –and particularly the fintech industry– are constantly evolving. …
Understanding Cryptocurrencies, Wolfgang Karl Hardle, Campbell R. Harvey, Raphael C. G. Ruele
Understanding Cryptocurrencies, Wolfgang Karl Hardle, Campbell R. Harvey, Raphael C. G. Ruele
Sim Kee Boon Institute for Financial Economics
Cryptocurrency refers to a type of digital asset that uses distributed ledger, or blockchain, technology to enable a secure transaction. Although the technology is widely misunderstood, many central banks are considering launching their own national cryptocurrency. In contrast to most data in financial economics, detailed data on the history of every transaction in the cryptocurrency complex are freely available. Furthermore, empirically oriented research is only now beginning, presenting an extraordinary research opportunity for academia. We provide some insights into the mechanics of cryptocurrencies, describing summary statistics and focusing on potential future research avenues in financial economics.
From Bitcoin To Blockchain, And Back Again, Danielle Szetho, Rene Michau
From Bitcoin To Blockchain, And Back Again, Danielle Szetho, Rene Michau
Asian Management Insights
In the context of the current FinTech revolution, it remains to be seen how the wealth of knowledge on new technologies and business models in the area of finance can effectively and efficiently drive change and seize the new opportunities being created in the vast and fast-paced world of digital and crypto-assets.
Irrational Exuberance: Panic Rooms And Flutters In Financial Markets, Vijay Fafat
Irrational Exuberance: Panic Rooms And Flutters In Financial Markets, Vijay Fafat
Asian Management Insights
As the memory of the 2008 financial crash fades, there are cautionary thoughts on why we tend to overshoot in our optimism, and why even genius comes to grief in the face of capricious, mercurial capital markets.
The Fintech Revolution, Robert J. Kauffman
The Fintech Revolution, Robert J. Kauffman
MITB Thought Leadership Series
The traditional dominance of established big-hitters in financial services is at an end. The market for many types of financial transaction is being disrupted by small businesses, start-ups and entrepreneurs. They are quicker off the mark in both spotting gaps in the market and developing state-of-the-art systems to respond to customer needs.
Scaling Impact Investing Through Innovative Finance: A Focus On Women's Livelihoods, Durreen Shahnaz
Scaling Impact Investing Through Innovative Finance: A Focus On Women's Livelihoods, Durreen Shahnaz
Social Space
I embarked on a journey from the first steps of my career to utilise finance to do good for the world. This journey has now turned into a global movement that is taking the world by a storm, known as impact investing or social finance.
Gender Effects In Hedge Funds Performance, Karen Yoke Wah Gan
Gender Effects In Hedge Funds Performance, Karen Yoke Wah Gan
Dissertations and Theses Collection (Open Access)
This paper shows that after controlling for total risks (as funds do not typically hold a completely large diversified portfolio) across different funds, female-managed funds appear to perform better in certain circumstances. For example, female-managed hedge funds perform better during post-crisis times, for investments using the Relative Value Style and also when investments are in the Asia excluding Japan region. However, there are still many conditions in which male-managed funds seem to perform better. Namely, male-managed funds performed significantly positive in the Relative Value, Security Selection, and Multiprocess Styles, notably during the pre-crisis period and also when investments are in …
Textual Analysis And Machine Leaning: Crack Unstructured Data In Finance And Accounting, Li Guo, Feng Shi, Jun Tu
Textual Analysis And Machine Leaning: Crack Unstructured Data In Finance And Accounting, Li Guo, Feng Shi, Jun Tu
Research Collection Lee Kong Chian School Of Business
In finance and accounting, relative to quantitative methods traditionally used, textual analysis becomes popular recently despite of its substantially less precise manner. In an overview of the literature, we describe various methods used in textual analysis, especially machine learning. By comparing their classification performance, we find that neural network outperforms many other machine learning techniques in classifying news category. Moreover, we highlight that there are many challenges left for future development of textual analysis, such as identifying multiple objects within one single document.
E-Finance In Asean, David Kuo Chuen Lee
E-Finance In Asean, David Kuo Chuen Lee
Research Collection Lee Kong Chian School Of Business
No abstract provided.
Singapore Management University Launches Financial It Academy @Smu To Train It Professionals In The Financial Services Industry, Singapore Management University
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.
A Sustainable Model For Business Schools, Howard Thomas, Kai Peters
A Sustainable Model For Business Schools, Howard Thomas, Kai Peters
Research Collection Lee Kong Chian School Of Business
The purpose of this paper is to provide insight into the financial models used by business schools, with a specific focus on the cost side of the model. The paper systematically looks at sources of revenue and areas of expenditure under different business school models. The paper finds that the faculty model used by many business schools, with the need to devote significant effort to generate academic publications, is very cost intensive and not efficient. The paper suggests that alternative models can be developed which would make business schools more financially sustainable. While there has been a lot of societal …
Project Options Valuation With Net Present Value And Decision Tree Analysis, Bert De Reyck, Zeger Degraeve, Roger Vandenborre
Project Options Valuation With Net Present Value And Decision Tree Analysis, Bert De Reyck, Zeger Degraeve, Roger Vandenborre
Research Collection Lee Kong Chian School Of Business
Real options analysis (ROA) has been developed to correctly value projects with inherent flexibility, including the possibility to abandon, defer, expand, contract or switch to a different project. ROA allows computing the correct discount rate using the replicating portfolio technique or risk-neutral probability method. We propose an alternative approach for valuing Real Options based on the certainty-equivalent version of the net present value formula, which eliminates the need to identify market-priced twin securities. In addition, our approach can be extended to the case of multinomial trees, a useful tool for modeling uncertainty in projects. We introduce within decision tree analysis …
On ‘‘Investment Decisions In The Theory Of Finance: Some Antinomies And Inconsistencies’’, Bert De Reyck
On ‘‘Investment Decisions In The Theory Of Finance: Some Antinomies And Inconsistencies’’, Bert De Reyck
Research Collection Lee Kong Chian School Of Business
In the paper “Investment Decisions in the Theory of Finance: Some antinomies and inconsistencies”, Magni [Eur. J. Operat. Res. 137 (2002) 206] shows that using the net present value rule for making investment decisions can lead to inconsistencies and antinomies. The author claims that the so-called equivalent-risk tenet of finance, whereby an investor needs to compare an investment opportunity with an asset of equivalent risk, is impossible to implement. In this paper, we show that the main thesis of this paper is incorrect, and that finance theory, when applied correctly, can be used to value investment projects by comparing assets …
Exploring Persistence In Financial Time Series, David K C. Lee
Exploring Persistence In Financial Time Series, David K C. Lee
Research Collection Lee Kong Chian School Of Business
If financial time series exhibits persistence or long-memory, then their unconditional probability distribution may not be normal. This has important implications for many areas in finance, especially asset pricing, option pricing, portfolio allocation and risk management. Furthermore, if the random walk does not apply, a wide range of results obtained by quantitative analysis may be inappropriate. The capital asset pricing model, the Black-Scholes option pricing formula, the concept of risk as standard deviation or volatility, and the use of Sharpe, Treynor, and other performance measures are not consistent with nonnormal distributions. Unfortunately, nonnormality is common among distributions of financial time …