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Singapore Management University

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Articles 211 - 240 of 398

Full-Text Articles in Entrepreneurial and Small Business Operations

The Implications Of The Trans-Pacific Partnership For Smes: Opportunities And Challenges, Heng Wang Jan 2016

The Implications Of The Trans-Pacific Partnership For Smes: Opportunities And Challenges, Heng Wang

Research Collection Yong Pung How School Of Law

The Trans-Pacific Partnership (TPP) will have profound implications for small and medium-sized enterprises (SMEs) within and beyond the free trade area. SME issues get more attention in the TPP than previous FTAs. Since there is limited research on the impact of the FTAs on SMEs, it is of great significance to probe into the practical implications of the TPP for SMEs. The key question will be analyzed: what are the challenges and opportunities that the TPP hold for SMEs? It is argued that, first, the support to SMEs, tariff elimination or reduction, and the reduction of non-tariff barriers are major …

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Staying True, Being Real, Singapore Management University Nov 2015

Staying True, Being Real, Singapore Management University

Perspectives@SMU

A university graduate with a support system can turn a school project into reality. Frozen yogurt business Sogurt’s founder tells it all

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Boiling The Ocean, Singapore Management University Sep 2015

Boiling The Ocean, Singapore Management University

Perspectives@SMU

Social entrepreneur Durreen Shahnaz set out to change Social Entrepreneurship in Asia, which she likens to “boiling the ocean”; it is now at least lukewarm

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Do Family Firms Learn More From Other Family Firms Than From Non-Family Firms? Adoption Of The Board Reform, Toru Yoshikawa, Jung Wook Shim Aug 2015

Do Family Firms Learn More From Other Family Firms Than From Non-Family Firms? Adoption Of The Board Reform, Toru Yoshikawa, Jung Wook Shim

Research Collection Lee Kong Chian School Of Business

Family firms differ from non-family firms because their owners are often motivated not only by economic incentives but also by non-economic considerations. This study investigates the effects of such non-economic motivation, especially the extent of family involvement and family legacy, on the adoption of a new practice, i.e., board reform that was newly introduced in the Japanese context in the late 1990s. Our empirical results show that while family firms are less likely to implement the board reform than non-family firms, board interlocks with other family firms facilitate the adoption. We also found that such factors as large family ownership …

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One-Child Policy And Family Firms In China, Cao, Jerry X., Douglas Cumming, Xiaoming Wang Aug 2015

One-Child Policy And Family Firms In China, Cao, Jerry X., Douglas Cumming, Xiaoming Wang

Research Collection Lee Kong Chian School Of Business

Family business plays important roles to fuel economic growth in China. Due to the one-child policy, family firms are increasingly facing human capital constraints for within-family succession. Having only one heir decreases the probability of continuing family management by over 3%, reduces the probability of adult children working in family firms by 14%, and significantly decreases founders' expectations of having young heirs for succession. Having fewer children negatively affects founder's expectation to go public, reduces family firm's reinvestment rate and R&D. Overall, the evidence suggests that the human capital constraints due to the one-child policy impose significant negative impacts on …

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Would You Pay Extra To Support A Local Brand?, Singapore Management University Jul 2015

Would You Pay Extra To Support A Local Brand?, Singapore Management University

Perspectives@SMU

Global has more appeal but there is a home-country advantage

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Expand Your Business, Quickly, Singapore Management University May 2015

Expand Your Business, Quickly, Singapore Management University

Perspectives@SMU

Like-minded team members, one key decision maker and the passion for the business have helped a serial entrepreneur grow his fourth business venture by leaps and bounds

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Unilever Platinum Stores: Building A Brand For The Community, Singapore Management University May 2015

Unilever Platinum Stores: Building A Brand For The Community, Singapore Management University

Perspectives@SMU

Unilever's idea of assisting the owner of a flood-stricken mom and pop shop in Thailand has blossomed into a plan that seeks to benefit the local community

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Investment, Duration, And Exit Strategies For Corporate And Independent Venture Capital-Backed Start-Ups, Bing Guo, Yun Lou, David Perez-Castrillo May 2015

Investment, Duration, And Exit Strategies For Corporate And Independent Venture Capital-Backed Start-Ups, Bing Guo, Yun Lou, David Perez-Castrillo

Research Collection School Of Accountancy

We propose a model of investment, duration, and exit strategies for start-ups backed by venture capital (VC) funds that accounts for the high level of uncertainty, the asymmetry of information between insiders and outsiders, and the discount rate. Our analysis predicts that start-ups backed by corporate VC funds remain for a longer period of time before exiting and receive larger investment amounts than those financed by independent VC funds. Although a longer duration leads to a higher likelihood of an exit through an acquisition, a larger investment increases the probability of an IPO exit. These predictions find strong empirical support.

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Thinking Bigger: Pushing Singaporean Entrepreneurship To The Next Level, Arcot Desai Narasimhalu May 2015

Thinking Bigger: Pushing Singaporean Entrepreneurship To The Next Level, Arcot Desai Narasimhalu

Research Collection School Of Computing and Information Systems

The environment in Singaporehas become more conducive forentrepreneurship. What lies aheadand what lessons can other Asiancountries learn?

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Becoming An Online Business Owner, Singapore Management University Apr 2015

Becoming An Online Business Owner, Singapore Management University

Perspectives@SMU

Here are four ways to start an online business as quickly as over the weekend

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Social Structure, Reasonable Gain, And Entrepreneurship In Africa, Gerard George, Reddi Kotha, Priti Parikh, Tufool Alnuaimi, Abubakr S. Bahaj Apr 2015

Social Structure, Reasonable Gain, And Entrepreneurship In Africa, Gerard George, Reddi Kotha, Priti Parikh, Tufool Alnuaimi, Abubakr S. Bahaj

Research Collection Lee Kong Chian School Of Business

In the context of desperate poverty, characterized by households at subsistence level that experience economic loss and social fracture, explanations for why individuals undertake entry into entrepreneurship are limited. We find that individuals rely on their social relationships to enable entrepreneurial activities that have the potential to create a reasonable income gain. In a sample of 1,049 households in rural Kenya, we test whether the disintegration of social structure attenuates entrepreneurial behavior. When coupled with factors such as income loss, gender of the household head, and access to communal resources, social structure plays a pivotal role in entrepreneurial action. We …

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Ciputra Tjipoetra [Indonesia, Chairman Of Ciputra Business Group], Ciputra Tjipoetra Mar 2015

Ciputra Tjipoetra [Indonesia, Chairman Of Ciputra Business Group], Ciputra Tjipoetra

Digital Narratives of Asia

Ciputra is the Founder and Chairman of Ciputra Business Group, an Indonesian property conglomerate. He tells DNA how he worked and navigated his way through Indonesia's political and business scene to build his business empire and shares his thoughts on entrepreneurship and leadership.

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Facebook: The Power Of Leverage, Singapore Management University Mar 2015

Facebook: The Power Of Leverage, Singapore Management University

Perspectives@SMU

Entrepreneurs like Suria Mohd have gained a large following of Facebook users that enables her to enjoy a thriving business and celebrity status in Singapore’s television scene. Here’s how.

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The Tech Start-Up And The Serial Entrepreneur, Singapore Management University Mar 2015

The Tech Start-Up And The Serial Entrepreneur, Singapore Management University

Perspectives@SMU

Focus on your goals to succeed, and herding many little startups will not lead to one eventual big success

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Institutional Entrepreneurship, Governance And Poverty: Insights From Emergency Medical Response Services In India, Gerard George, Rekha Rao-Nicholson, Christopher Corbishley, Rahul Bansal Mar 2015

Institutional Entrepreneurship, Governance And Poverty: Insights From Emergency Medical Response Services In India, Gerard George, Rekha Rao-Nicholson, Christopher Corbishley, Rahul Bansal

Research Collection Lee Kong Chian School Of Business

We present an in-depth case study of GVK Emergency Management and Research Institute, an Indian public–private partnership (PPP), which successfully brought emergency medical response to remote and urban settings. Drawing insights from the case, we investigate how the organization established itself through institutional entrepreneurship using a process conceptualized as opportunity framing, entrenchment, and propagation. The case and context highlight the need for innovation in organizational design and governance modes to create a new opportunity that connects state actors, private healthcare providers, and the public at large. We consider the role of open innovation and novel business models in creating these …

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Singapore: From Knowledge City To Start-Up 'Hub', Thomas Menkhoff, Hans-Dieter Evers Feb 2015

Singapore: From Knowledge City To Start-Up 'Hub', Thomas Menkhoff, Hans-Dieter Evers

Research Collection Lee Kong Chian School Of Business

No abstract provided.

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Innovation And The Social Entrepreneur, Singapore Management University Jan 2015

Innovation And The Social Entrepreneur, Singapore Management University

Perspectives@SMU

Starting small and a willingness to learn are perhaps the most important things for a social entrepreneur

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Social Entrepreneurship Intentions Of Nonprofit Organizations, Wee Liang Tan, So-Jin Yoo Jan 2015

Social Entrepreneurship Intentions Of Nonprofit Organizations, Wee Liang Tan, So-Jin Yoo

Research Collection Lee Kong Chian School Of Business

Little is known about social entrepreneurship in nonprofit organizations (NPOs), especially about the factors that influence social entrepreneurship intentions at organizational level. Would existing NPOs, as opposed to new ones formed to embark on new social initiatives, strike out into a new territory, or engage in new ventures? What are the necessary internal organizational conditions? This study explores the direct effect of the organizational attributes on a NPO's intention to start a social enterprise. With a sample of 92 charities in Singapore, we found that NPOs led by CEOs with commercial experience, and NPOs possessing high collective efficacy and organization …

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Reputation Building Through Failure, Huan Wang, Yi Zhang Jan 2015

Reputation Building Through Failure, Huan Wang, Yi Zhang

Research Collection School Of Economics

In China, many entrepreneurs receive strong supports each time their business fails. This contradicts existing literature and differs from rare revival elsewhere. The major explanation lies in China’s unfriendly and unstable policy environments, due to which business failure per se cannot discern competence. Therefore, entrepreneurs failing because of policy shocks have the incentive for extra efforts to build reputation of competence and trustworthiness. This mechanism prepares a pool of seasoned entrepreneurs who can help alleviate damages of not only policy shocks, but also such system shocks as business cycle and sector upgrading, and therefore makes the economy more adaptable.

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Risk Sharing In An Asymmetric Environment, Eric Fesselmeyer, Leonard J. Mirman, Marc Santugini Nov 2014

Risk Sharing In An Asymmetric Environment, Eric Fesselmeyer, Leonard J. Mirman, Marc Santugini

Research Collection College of Integrative Studies

We study the effect of an asymmetric environment on risk sharing. In our model, entrepreneurs consider undertaking risky projects in the real sector as well as selling part of their projects to investors. To capture the idea of an asymmetric environment, the returns on the alternative risk-free investment are allowed to differ between the entrepreneurs and the investors, i.e., agents have different opportunity costs of participating in the risky projects. We first show that the presence of asymmetric options establishes links between the risk-free and risky sectors as well as between the real and financial sectors. In particular, an asymmetric …

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Kinship In Entrepreneur Networks: Performance Effects Of Resource Assembly In Africa, Jane N. O. Khayesi, Gerard George, John Antonakis Nov 2014

Kinship In Entrepreneur Networks: Performance Effects Of Resource Assembly In Africa, Jane N. O. Khayesi, Gerard George, John Antonakis

Research Collection Lee Kong Chian School Of Business

We examine the relationship among structural social capital, resource assembly, and firm performance of entrepreneurs in Africa. We posit that social capital primarily composed of kinship or family ties helps the entrepreneur to raise resources, but it does so at a cost. Using data drawn from small firms in Kampala, Uganda, we explore how shared identity among the entrepreneur's social network moderates the relationship between social capital and outcomes. A large network contributed a higher quantity of resources raised, but at a higher cost when shared identity was high. We discuss the implications of these findings for the role of …

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Start-Up Reputations In Asian Markets, Mark Chong, Jurrien Gregor Halff Nov 2014

Start-Up Reputations In Asian Markets, Mark Chong, Jurrien Gregor Halff

Research Collection Lee Kong Chian School Of Business

No abstract provided.

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Risk Sharing In An Asymmetric Environment, Eric Fesselmeyer, Leonard J. Mirman, Marc Santugini Nov 2014

Risk Sharing In An Asymmetric Environment, Eric Fesselmeyer, Leonard J. Mirman, Marc Santugini

Research Collection College of Integrative Studies

We study the effect of an asymmetric environment on risk sharing. In our model, entrepreneurs consider undertaking risky projects in the real sector as well as selling part of their projects to investors. To capture the idea of an asymmetric environment, the returns on the alternative risk-free investment are allowed to differ between the entrepreneurs and the investors, i.e., agents have different opportunity costs of participating in the risky projects. We first show that the presence of asymmetric options establishes links between the risk-free and risky sectors as well as between the real and financial sectors. In particular, an asymmetric …

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Building Family Businesses In Thailand, Singapore Management University Oct 2014

Building Family Businesses In Thailand, Singapore Management University

Perspectives@SMU

State policies, an access to political rent, plus investing in relationships and innovation are some of the ways family businesses thrive in Thailand

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From Marbles To International Business, Singapore Management University Sep 2014

From Marbles To International Business, Singapore Management University

Perspectives@SMU

From selling marbles to trading cards, Douglas Gan shares the lessons learnt as an entrepreneur

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Family Firm Research: A Review, Qiang Cheng Sep 2014

Family Firm Research: A Review, Qiang Cheng

Research Collection School Of Accountancy

This article reviews family firm studies in the finance and accounting literature, primarily those conducted using data from the United States and China. Family owners have unique features such as concentrated ownership, long investment horizon, and reputation concerns. Given the distinguishing features of family ownership and control, family firms face unique agency conflicts. We discuss the agency problems in family firms and review the findings of recent family firm studies. We call for more research to understand the unique family effects and encourage more research on Chinese family firms. Part I of the article discusses the fundaments of family firms: …

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Dueling Institutional Logics And The Effect On Strategic Entrepreneurship In Chinese Business Groups, Daphne W. Yiu, Robert E. Hoskisson, Garry D. Bruton, Yuan Lu Sep 2014

Dueling Institutional Logics And The Effect On Strategic Entrepreneurship In Chinese Business Groups, Daphne W. Yiu, Robert E. Hoskisson, Garry D. Bruton, Yuan Lu

Research Collection Lee Kong Chian School Of Business

Focusing on a period of institutional friction when institutions are in transition, this study examines the dueling institutional logics that simultaneously operated as business groups were implemented to foster strategic entrepreneurship activities in China. Our findings from 1,095 Chinese business group-affiliated firms show that the original institutional logic of state control and ownership remains a potent factor, while the new institutional logic in support of strategic entrepreneurship takes place through business groups' informal and formal organization controls. Further, the state logic causes rigidity and inflexibility for firms to react to the new institutional demands, thus weakening the positive effects of …

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Kheng Keng Auto: Growing Beyond Being A Family Business, Singapore Management University Aug 2014

Kheng Keng Auto: Growing Beyond Being A Family Business, Singapore Management University

Perspectives@SMU

Humility, ethics, and family are key to success

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The New Lyrics Of The Old Folks: The Role Of Family Ownership In Corporate Innovation, Po-Hsuan Hsu, Sterling Huang, Massimo Massa, Hong Zhang Aug 2014

The New Lyrics Of The Old Folks: The Role Of Family Ownership In Corporate Innovation, Po-Hsuan Hsu, Sterling Huang, Massimo Massa, Hong Zhang

Research Collection School Of Accountancy

According to conventional wisdom, family ownership, which signals a lack of social capital and trust in an economy, may impede innovation. This argument, however, fails to recognize that modern family firms can benefit from capitalist institutions that promote innovation. Using a comprehensive sample of U.S. family-owned public firms and patents for the period from 2000 to 2010, we show that family ownership promotes innovation and that this positive effect can be attributed to reduced financial constraints, a greater commitment to long-term value, and improved corporate governance. Causality is confirmed by an instrumental variable analysis using the state-level divorce rate and …

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