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Full-Text Articles in Social and Behavioral Sciences

A Reconsideration Of The Shareholder's Remedy For Oppression In Singapore, Pearlie Koh Mar 2013

A Reconsideration Of The Shareholder's Remedy For Oppression In Singapore, Pearlie Koh

Research Collection Yong Pung How School Of Law

The statutory remedy for oppression plays an important role in minority shareholder protection in Singapore. Both the scope of its application and the court's jurisdiction to make remedial orders must necessarily be wide in order for the remedy to be effective. Nevertheless, the remedy is not without limits. Indeed, it is crucial that the boundaries of the remedy be made clear so that legitimate rule of the majority is not too often, and erroneously, equated with tyranny by the majority. This paper considers a number of issues as to the scope of the oppression remedy in Singapore through a careful …


Is There Confusion In The Law Of Trade Marks In Singapore? Staywell Hospitality Group Pty Ltd V Starwood Hotels & Resorts Worldwide, Inc [2013] 1 Slr 489, David Llewelyn Mar 2013

Is There Confusion In The Law Of Trade Marks In Singapore? Staywell Hospitality Group Pty Ltd V Starwood Hotels & Resorts Worldwide, Inc [2013] 1 Slr 489, David Llewelyn

Research Collection Yong Pung How School Of Law

The wording of s 8(2)(b) of the Trade Marks Act – which sets out the relative ground for refusal of a trade mark application for a mark that is the same or similar to an earlier mark registered in relation to the same or similar goods or services as long as there is a likelihood of confusion – is identical to that in s 27(2)(b) relating to infringement of a trade mark. The wording is taken from ss 5(2) and 10(2) of the UK Trade Marks Act 1994 (which in turn derives from the European Council Trade Marks Directive). The …


Walmart In China [Book Review], John A. Donaldson Mar 2013

Walmart In China [Book Review], John A. Donaldson

Research Collection School of Social Sciences

No abstract provided.


The Protective And Developmental Varieties Of Liberal Democracy: A Difference In Kind Or Degree?, Devin K. Joshi Mar 2013

The Protective And Developmental Varieties Of Liberal Democracy: A Difference In Kind Or Degree?, Devin K. Joshi

Research Collection School of Social Sciences

Liberal democratic governments may differ in both their kind and degree of democracy. However, the literature too often conflates this distinction, hindering our ability to understand what kinds of governing structures are more democratic. To clarify this issue, the article examines two prominent contemporary models of democracy: developmental liberal democracy (DLD) and protective liberal democracy (PLD). While the former takes a 'thicker' approach to governance than the latter, conventional wisdom holds that these systems differ only in kind rather than degree. The article tests this assumption through an empirical comparison of electoral, legislative, and information-regulating institutions in two representative cases: …


Faith, Freedom, And Us Foreign Policy: Avoiding The Proverbial Clash Of Civilizations In East And Southeast Asia, Tan K. B. Eugene Mar 2013

Faith, Freedom, And Us Foreign Policy: Avoiding The Proverbial Clash Of Civilizations In East And Southeast Asia, Tan K. B. Eugene

Research Collection Yong Pung How School Of Law

In the immediate aftermath of 9/11, the primary weakness of US foreign policy, particularly in Southeast Asia which is home to the largest Muslim community in the world, was that it was driven by concerns over archipelagic Southeast Asia as the “second front” in the “global war against terror.” Military warfare and coercive legislation and enforcement are grossly inadequate in winning the hearts and minds of a community. Religion-wise, Asia is not a tabula rosa. Many religions have long co-existed in Asia. The virtues of religious freedom are not alien to Asia but need nurturing given the dominant imperatives of …


How Is Med-Arb Regulated In Hong Kong?, Nadja Alexander Mar 2013

How Is Med-Arb Regulated In Hong Kong?, Nadja Alexander

Research Collection Yong Pung How School Of Law

In this post on the Kluwer Mediation Blog, the Arbitration Ordinance (AO) and the Mediation Ordinance (MO) to the multi-tiered dispute resolution (MDR) practice in Hong Kong are analysed.


Interim Relief In Aid Of Arbitration Against A Sovereign, Darius Chan Mar 2013

Interim Relief In Aid Of Arbitration Against A Sovereign, Darius Chan

Research Collection Yong Pung How School Of Law

In Maldives Airports Co Ltd v GMR Malé International Airport Pte Ltd [2013] SGCA 16, the Singapore Court of Appeal discharged an interim injunction in aid of arbitration granted by the High Court against, inter alios, the Government of the Republic of Maldives. In doing so, the Court of Appeal not only gave helpful guidance on the granting of interim relief under s 12A of the International Arbitration Act, it also touched upon issues of public international law.


Decomposing The Changes Of The Divisia Price Index: Application To Inflation In The Philippines, Tomoki Fujii Mar 2013

Decomposing The Changes Of The Divisia Price Index: Application To Inflation In The Philippines, Tomoki Fujii

Research Collection School Of Economics

We decompose the logarithmic change in the Divisia price index into the pure price, substitution, and preference effects, although the latter two effects are hard to distinguish in practice. This decomposition allows us to identify the incidence and contributing factors of inflation. In the Philippines, we find that the preference effect is much smaller than the pure price effect in all provinces. We also find that rich deciles have experienced a higher inflation than poor deciles between 1988 and 2006. However, the gap in the standards of living has actually widened because poor deciles lagged behind in consumption growth.


Robust Virtual Implementation: Toward A Reinterpretation Of The Wilson Doctrine, Georgy Artemov, Takashi Kunimoto, Roberto Serrano Mar 2013

Robust Virtual Implementation: Toward A Reinterpretation Of The Wilson Doctrine, Georgy Artemov, Takashi Kunimoto, Roberto Serrano

Research Collection School Of Economics

We study a mechanism design problem where arbitrary restrictions are placed on the sets of first-order beliefs of agents. Calling these restrictions Δ, we use Δ-rationalizability (Battigalli and Siniscalchi, 2003, [5]) as our solution concept, and require that a mechanism virtually implement a socially desirable outcome. We obtain two necessary conditions, Δ-incentive compatibility and Δ-measurability and show that the latter is satisfied as long as a particular zero-measure set of first-order beliefs is ruled out. In environments allowing small transfers of utility among agents, these two conditions are also sufficient.


Asean–Eu Relations: From Regional Integration Assistance To Security Significance?, Anja Jetschke, Clara Portela Mar 2013

Asean–Eu Relations: From Regional Integration Assistance To Security Significance?, Anja Jetschke, Clara Portela

Research Collection School of Social Sciences

No abstract provided.


A Note On Separability And Intra-Household Resource Allocation In A Collective Household Model, Tomoki Fujii, Ryuichiro Ishikawa Mar 2013

A Note On Separability And Intra-Household Resource Allocation In A Collective Household Model, Tomoki Fujii, Ryuichiro Ishikawa

Research Collection School Of Economics

This paper shows that it is possible to track the changes in the distribution of power within a couple by focusing on the changes in the pattern of private consumption when the consumption decisions are efficient and private consumption is separable from public consumption in individual preferences. We first show that the separability of private consumption from public consumption at the individual level carries over to the household level. Hence, changes in public consumption only matters through a change in the residual budget available for private consumption. When the consumption decisions within the household is efficient, private consumption decisions can …


Bias In The Mean Reversion Estimator In Continuous-Time Gaussian And Lévy Processes, Yong Bao, Aman Ullah, Yun Wang, Jun Yu Mar 2013

Bias In The Mean Reversion Estimator In Continuous-Time Gaussian And Lévy Processes, Yong Bao, Aman Ullah, Yun Wang, Jun Yu

Research Collection School Of Economics

Continuous-time Levy processes have become increasingly popular in the asset pricing literature and estimation of the mean reversion parameter has attracted attention recently. This paper develops the approximate nite-sample bias of the ordinary least squares or quasi maximum likelihood estimator of the mean reversion parameter in continuous-time Levy processes. Simulations show that in general the approximate bias works well in capturing the true bias of the mean reversion estimator under difference scenarios. However, when the time span is small and the mean reversion parameter is approaching its lower bound, we find it more difficult to approximate well the nite-sample bias.


Optimal City Hierarchy: A Dynamic Programming Approach To Central Place Theory, Wen-Tai Hsu, Thomas J. Holmes, Frank Morgan Mar 2013

Optimal City Hierarchy: A Dynamic Programming Approach To Central Place Theory, Wen-Tai Hsu, Thomas J. Holmes, Frank Morgan

Research Collection School Of Economics

Central place theory is a key building block of economic geography and an empirically plausible description of city systems. This paper provides a rationale for central place theory via a dynamic programming formulation of the social planner's problem of city hierarchy. We show that there must be one and only one immediate smaller city between two neighboring larger-sized cities in any optimal solution. If the fixed cost of setting up a city is a power function, then the immediate smaller city will be located in the middle, confirming the locational pattern suggested by Christaller [4] . We also show that …


Transnational Youth Transitions: Becoming Adults Between Vancouver And Hong Kong, Justin Kh Tse, Johanna L. Waters Feb 2013

Transnational Youth Transitions: Becoming Adults Between Vancouver And Hong Kong, Justin Kh Tse, Johanna L. Waters

Research Collection School of Social Sciences

In the context of the academic interest shown in the enduring transnation-alism of contemporary migrants and in the modes of transitions to adulthood in different global settings, in this article we examine the transnational lives of adolescents moving between Vancouver (Canada) and Hong Kong. While there is a lot of literature on the parents’ political and economic calculations, there is very little on how adolescents in these situations articulate their geographical sensibilities. We draw on three periods of fieldwork undertaken in 2002, 2008 and 2010 during which we employed a transnational methodology to interview young people in Vancouver and Hong …


Population Priorities And Perceptions, David Chan Feb 2013

Population Priorities And Perceptions, David Chan

Research Collection School of Social Sciences

No abstract provided.


‘Educating Indonesia’ And The Minister Who’S Making It Happen, Singapore Management University Feb 2013

‘Educating Indonesia’ And The Minister Who’S Making It Happen, Singapore Management University

Perspectives@SMU

Energy and optimism were highlights of the recent speech given by Indonesia’s Trade Minister Gita Wirjawan during the SMU Presidential Distinguished Lecturer Series. While the optimism may be rooted deeply in the potential of Indonesia’s current demographic — more than 30 percent of its population is aged between 19 and 24, and more than 50 percent is under 29, making it one of the youngest productive populations in the world — its economic success story is fact, reflected in its G-20 membership, where it is the second fastest growing economy.Yet much remains to be done to unleash the full potential …


K-Pop Live: Social Networking & Language Learning Platform, Thomas Chua, Chin Leng Ong, Kian Ming Png, Aloysius Lau, Houston Toh, Feida Zhu, Kyong Jin Shim, Ee-Peng Lim Feb 2013

K-Pop Live: Social Networking & Language Learning Platform, Thomas Chua, Chin Leng Ong, Kian Ming Png, Aloysius Lau, Houston Toh, Feida Zhu, Kyong Jin Shim, Ee-Peng Lim

Research Collection School Of Computing and Information Systems

K-Pop live is a social networking and language learning platform developed by an undergraduate student team from Singapore Management University. K-Pop live aims to combine social media together with gamification to promote Korean culture. It consolidates all relevant Tweets from Twitter as well as videos from YouTube. The platform allows the user to connect with his friends who share similar interests in terms of K-pop artists and music.


Structures Of Broken Ties: Exploring Unfollow Behavior On Twitter, Bo Xu, Yun Huang, Haewoon Kwak Feb 2013

Structures Of Broken Ties: Exploring Unfollow Behavior On Twitter, Bo Xu, Yun Huang, Haewoon Kwak

Research Collection School Of Computing and Information Systems

This study investigates unfollow behavior in Twitter, i.e. people removing others from their Twitter following lists. Considering the interdependency and dynamics of unfollow decisions, we use actor-oriented modeling (SIENA) to examine the impacts of reciprocity, status, embeddedness, homophily, and informativeness on tie dissolution. Focusing on ordinary users in tightly-knitted user groups, the results show that relational properties play key roles in the emergence of unfollow behavior: mutual following relations and common followees reduce the likelihood of unfollowing. And unfollow tends to be reciprocal: when a user is unfollowed by someone, he or she will unfollow back. However, there is no …


The Anti-Federalist Strand In Progressive Politics And Political Thought, Elvin T. Lim Feb 2013

The Anti-Federalist Strand In Progressive Politics And Political Thought, Elvin T. Lim

Research Collection School of Social Sciences

In this article, the author argues that the Progressives can be as much characterized as the anti statists of the nineteenth century as the statists of the twentieth century because their overriding goal was the destruction of the party state and not, directly, the creation of the bureaucratic state. They found in Anti-Federalist political thought a general anti statist template that they used to articulate their specific objection to the nineteenth-century party state. This template comprised a mutual commitment to simple government, the common good as a pre-institutional reality, democracy, direct and responsive government, fear of elite rule, civic education, …


Landscape Configuration And Urban Heat Island Effects: Assessing The Relationship Between Landscape Characteristics And Land Surface Temperature In Phoenix, Arizona, John Patrick Connors, Christopher S. Galletti, Winston T. L. Chow Feb 2013

Landscape Configuration And Urban Heat Island Effects: Assessing The Relationship Between Landscape Characteristics And Land Surface Temperature In Phoenix, Arizona, John Patrick Connors, Christopher S. Galletti, Winston T. L. Chow

Research Collection School of Social Sciences

The structure of urban environments is known to alter local climate, in part due to changes in land cover. A growing subset of research focuses specifically on the UHI in terms of land surface temperature by using data from remote sensing platforms. Past research has established a clear relationship between land surface temperature and the proportional area of land covers, but less research has specifically examined the effects of the spatial patterns of these covers. This research considers the rapidly growing City of Phoenix, Arizona in the United States. To better understand how landscape structure affects local climate, we explored …


Rising Income And The Subjective Well-Being Of Nations, Ed Diener, Louis Tay, Shigehiro Oishi Feb 2013

Rising Income And The Subjective Well-Being Of Nations, Ed Diener, Louis Tay, Shigehiro Oishi

Research Collection School of Social Sciences

We explored whether rising income in nations is associated with increasing subjective well-being (SWB), with several advances over earlier work. Our methods are improved in that across time, the same well-being questions were asked in the same order, and we employed broad and equivalent representative samples over time from a large number of nations. We also assessed psychosocial factors that might mediate the relation of income and SWB. We found that changes in household income were associated with concomitant changes in life evaluations, positive feelings, and negative feelings. The effects of gross domestic product (GDP) change were weaker and significant …


Why It’S A High-Speed Game Changer, Tan K. B. Eugene Feb 2013

Why It’S A High-Speed Game Changer, Tan K. B. Eugene

Research Collection Yong Pung How School Of Law

SMU Assistant Professor of Law Eugene Tan said that the agreement to build a high-speed rail (HSR) link between Kuala Lumpur and Singapore marks a milestone in bilateral relations. He noted that the HSR project is a manifestation of the imperative for Singapore and Malaysia to collaborate closely, leveraging on each other’s complementarities and strengths. Ideally, the HSR link would have a knock-on effect in engendering confidence and momentum in bilateral ties. In the meantime, with the HSR in the making, both governments should work resolutely on other existing plans, such as the Rapid Transit System (RTS) link between Singapore …


The Creation Of A Hybrid Arbitration From A Pathological Arbitration Clause, Darius Chan Feb 2013

The Creation Of A Hybrid Arbitration From A Pathological Arbitration Clause, Darius Chan

Research Collection Yong Pung How School Of Law

In HKL Group Co Ltd v Rizq International Holdings Pte Ltd [2013] SGHCR 5, the Singapore High Court was asked to grant a stay of proceedings in favour of arbitration under the International Arbitration Act. One of the two issues in that case was that the arbitration clause suffered a drafting defect.


Grounded Theologies: ‘Religion’ And The ‘Secular’ In Human Geography, Justin K. H. Tse Feb 2013

Grounded Theologies: ‘Religion’ And The ‘Secular’ In Human Geography, Justin K. H. Tse

Research Collection School of Social Sciences

This paper replies to Kong’s (2010) lament that geographers of religion have not sufficiently intervened in religious studies. It advocates ‘grounded theologies’ as a rubric by which to investigate contemporary geographies of religion in a secular age. Arguing that secularization can itself be conceived as a theological process, the paper critiques a religious/secular dichotomy and argues that individualized spiritualities presently prevalent are indicative of Taylor’s (2007) nova effect of proliferating grounded theologies. Case studies are drawn from social and cultural geographies of religious intersectionalities and from critical geopolitics.


Adding Small Differences Can Increase Similarity And Choice, Jongmin Kim, Nathan Novemsky, Ravi Dhar Feb 2013

Adding Small Differences Can Increase Similarity And Choice, Jongmin Kim, Nathan Novemsky, Ravi Dhar

Research Collection Lee Kong Chian School Of Business

Similarity plays a critical role in many judgments and choices. Traditional models of similarity posit that increasing the number of differences between objects cannot increase judged similarity between them. In contrast to these previous models, the present research shows that introducing a small difference in an attribute that previously was identical across objects can increase perceived similarity between those objects. We propose an explanation based on the idea that small differences draw more attention than identical attributes do and that people’s perceptions of similarity involve averaging attributes that are salient. We provide evidence that introducing small differences between objects increases …


For Wp, The Challenge Of Great Expectations, Tan K. B. Eugene Feb 2013

For Wp, The Challenge Of Great Expectations, Tan K. B. Eugene

Research Collection Yong Pung How School Of Law

SMU Assistant Professor of Law Eugene Tan commented on the Workers’ Party’s (WP) rapidly rising political stock and analysed its future. In many ways, the WP has been able to capitalise on the fading lustre of one-party dominance, as well as on a growing demand for a healthy opposition parliamentary presence as an enabler of good governance and to make the Government more responsive. But now, flush with success, the WP has wasted no time in deftly managing growing expectations. Also, WP has to carve out its own brand in politics to win votes in its own right. It needs …


A Nonparametric Goodness-Of-Fit-Based Test For Conditional Heteroskedasticity, Liangjun Su, Aman Ullah Feb 2013

A Nonparametric Goodness-Of-Fit-Based Test For Conditional Heteroskedasticity, Liangjun Su, Aman Ullah

Research Collection School Of Economics

In this paper we propose a new nonparametric test for conditional heteroskedasticity based on a measure of nonparametric goodness-of-fit (R2) that is obtained from the local polynomial regression of the residuals from a parametric regression on some covariates. We show that after being appropriately standardized, the nonparametric R2 is asymptotically normally distributed under the null hypothesis and a sequence of Pitman local alternatives. We also prove the consistency of the test and propose a bootstrap method to obtain the bootstrap p-values. We conduct a small set of simulations and compare our test with some popular parametric and nonparametric tests in …


Schemes Work Hand In Hand To Boost Wages, Hian Teck Hoon Feb 2013

Schemes Work Hand In Hand To Boost Wages, Hian Teck Hoon

Research Collection School Of Economics

Professor Hoon Hian Teck discussed how this year's Budget helps both workers and companies push for higher productivity. The Workfare Income Supplement (WIS) scheme in 2007 provided one answer to boost the earnings of low-wage workers. The Wage Credit Scheme (WCS) introduced in Budget 2013 is another innovative policy instrument that works in tandem with the Productivity and Innovation Credit (PIC) scheme to help SMEs on their journey to becoming more productive. Under WCS, the Government covers 40 per cent of the wage increase from increased productivity (obtained through the PIC scheme), leaving the firm with a higher profit. Since …


Host Country Financial Development And Mnc Activity, L. Kamran Bilir, Davin Chor, Manova Kalina Feb 2013

Host Country Financial Development And Mnc Activity, L. Kamran Bilir, Davin Chor, Manova Kalina

Research Collection School Of Economics

Multinational corporations (MNCs) manage complex operations, often blending features of three modes of FDI that are well understood in isolation but not in tandem, namely: horizontal, vertical and export-platform FDI. We develop a three-country model with heterogeneous firms, in order to analyze how financing constraints in the FDI host country affect the relative strength of these three motives for FDI. In our model, financial development in the host country fosters entry by domestic firms, making the local market more competitive for MNC products. This leads MNCs to orient their affiliate sales away from the local market toward other markets instead. …


The Future Of Wages In Singapore, Hian Teck Hoon Feb 2013

The Future Of Wages In Singapore, Hian Teck Hoon

Research Collection School Of Economics

Prof Hoon discussed the future of wages in Singapore and identified major trends affecting Singapore's labour market over the past decade. He noted that in the future, SMEs that are unable to raise workers' productivity to match the higher labour costs will exit the industry, thus leading to job destruction. Also, for there to be a steady supply of jobs with good pay for Singaporeans, the country would need to continue to attract MNCs by harnessing its relative strength in institutional quality and the availability of a highly skilled workforce. Success in helping SMEs to raise their productivity levels and …