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Articles 7831 - 7860 of 9281

Full-Text Articles in Social and Behavioral Sciences

The Efficiency Of Friendliness: Japanese Corporate Governance Succeeds Again Without Hostile Takeovers, Dan W. Puchniak Mar 2009

The Efficiency Of Friendliness: Japanese Corporate Governance Succeeds Again Without Hostile Takeovers, Dan W. Puchniak

Research Collection Yong Pung How School Of Law

It is widely assumed that hostile takeovers are a prerequisite for an efficient system of corporate governance. This assumption is false. Since the new millennium, Japan has transformed itself from being on the brink of one of the largest economic meltdowns in modern economic history to currently being in the midst of its longest period of postwar economic expansion (2002-2007). This astounding recovery was achieved without a single successful hostile takeover of a major Japanese company. True to its postwar tradition, corporate Japan has successfully restructured through government intervention, bank-driven reallocation of capital, and orchestrated and friendly mergers — the …


Misaligned Incentives And Mortgage Lending In Asia, Richard Green, Roberto S. Mariano, Andrey Pavlov, Susan Wachter Mar 2009

Misaligned Incentives And Mortgage Lending In Asia, Richard Green, Roberto S. Mariano, Andrey Pavlov, Susan Wachter

Research Collection School Of Economics

This paper provides a conceptual basis for the price discovery potential for tradable market instruments and specifically the development of mortgage securitization in Asia and the potential dangers of such markets. Nonetheless we argue for the potential importance of securitization in Asia because of its possible role in increasing transparency of the financial sector of Asian economies. We put forth a model explaining how misaligned incentives can lead to bank generated real estate crashes and macroeconomic instability, with or without securitization under certain circumstances. We examine the banking sector’s performance in Asia compared to securitized real estate returns, to provide …


New Graduate Law Degree Programme Launched At Smu, Singapore Management University Mar 2009

New Graduate Law Degree Programme Launched At Smu, Singapore Management University

SMU Press Releases and News

No abstract provided.


Singapore Management University And Students Of The Late Artist Chua Ek Kay Remember Him, Singapore Management University Mar 2009

Singapore Management University And Students Of The Late Artist Chua Ek Kay Remember Him, Singapore Management University

SMU Press Releases and News

No abstract provided.


India Unleashed, Nirmalya Kumar Mar 2009

India Unleashed, Nirmalya Kumar

Research Collection Lee Kong Chian School Of Business

Corporations in the developed world increasingly see India as a high-growth market and its companies as acquirers of their assets, global competitors, partners for enhancing the competitiveness of their global value chain and a source of new energy and dreams for the world economy. How did this all happen? The author shares the essence of what he learned from 10 trips to India to interview more than 30 CEOs and top executives who are unleashing the new global power of Indian firms.


Tapping The Grapevine: A Closer Look At Word-Of-Mouth As A Recruitment Source, Greet Van Hoye, Filip Lievens Mar 2009

Tapping The Grapevine: A Closer Look At Word-Of-Mouth As A Recruitment Source, Greet Van Hoye, Filip Lievens

Research Collection Lee Kong Chian School Of Business

To advance knowledge of word-of-mouth as a company-independent recruitment source, this study draws on conceptualizations of word-of-mouth in the marketing literature. The sample consisted of 612 potential applicants targeted by the Belgian Defense. Consistent with the recipient-source framework, time spent receiving positive word-of-mouth was determined by the traits of the recipient (extraversion and conscientiousness), the characteristics of the source (perceived expertise), and their mutual relationship (tie strength). Only conscientiousness and source expertise were determinants of receiving negative word-of-mouth. In line with the accessibility-diagnosticity model, receiving positive employment information through word-of-mouth early in the recruitment process was positively associated with perceptual …


Second Stage Development Of The Integrated Crisis Mapping (Icm) Model In Crisis Communication: Organizational Strategies For Crises That Require High And Low Organizational Engagements, Augustine Pang, Yan Jin, Glen T. Cameron Mar 2009

Second Stage Development Of The Integrated Crisis Mapping (Icm) Model In Crisis Communication: Organizational Strategies For Crises That Require High And Low Organizational Engagements, Augustine Pang, Yan Jin, Glen T. Cameron

Research Collection Lee Kong Chian School Of Business

Extending current theories in crisis communication, the authors have developed a moresystemic approach to understanding the role of emotions. The Integrated Crisis Mapping (ICM)model is based on a public-based, emotion-driven perspective where different crises aremapped on two continua, the organization’s engagement in the crisis and primary public’scoping strategy. This second-stage testing, representing the fourth in the series, found that ontop of discovering anxiety as a possible default emotion that publics feel in crises in an earlierstudy, the default response organizations embroiled in crises involving hostile takeovers,accidents, natural disasters, CEO retirement, rumor, and psychopathic acts, tend to adopt isqualified rhetoric-mix stance …


Final Stage Development Of The Integrated Crisis Mapping (Icm) Model In Crisis Communication: The Myth Of Low Engagement In Crisis, A. Pang, Yan Jin, Glen T. Cameron Mar 2009

Final Stage Development Of The Integrated Crisis Mapping (Icm) Model In Crisis Communication: The Myth Of Low Engagement In Crisis, A. Pang, Yan Jin, Glen T. Cameron

Research Collection Lee Kong Chian School Of Business

Extending current theories in crisis communication, the authors have developed a more systemic approach to understanding the role of emotions. The Integrated Crisis Mapping (ICM) model is based on a public-based, emotion-driven perspective where different crises are mapped on two continua, the organization’s engagement in the crisis and primary public’s coping strategy. This final-stage testing, representing the sixth in the series, found that even though organizations need not be highly engaged in crises relating to human resource, transport failure and security issues, they were galvanized to engage in action-based stance by situational factors like external threats. The fact that the …


Make The Implicit Explicit: Affirming Right To Vote In The Constitution Would Pre-Empt The Possibility Of Abuse By Future Govts, Jack Tsen-Ta Lee Feb 2009

Make The Implicit Explicit: Affirming Right To Vote In The Constitution Would Pre-Empt The Possibility Of Abuse By Future Govts, Jack Tsen-Ta Lee

Research Collection Yong Pung How School Of Law

There are sound reasons to set out explicitly and entrench in the Singapore Constitution the right to vote and key elements of the way elections are held. While a future government might not remove them entirely, it might derogate from them to the extent that they become unrecognizable.


Can Liquidity Shifts Explain The Lockup Expiration Effect In Stock Returns?, Chandrasekhar Krishnamurti, Avanidhar Subrahmanyam, Tiong Yang Thong Feb 2009

Can Liquidity Shifts Explain The Lockup Expiration Effect In Stock Returns?, Chandrasekhar Krishnamurti, Avanidhar Subrahmanyam, Tiong Yang Thong

Research Collection Lee Kong Chian School Of Business

Several studies on the expiration of IPO lockups document a strong negative reaction even though the unlock event is devoid of any informational content. The empirical finding has remained a conundrum. In this paper, we find that changes in liquidity can account for the observed stock price reaction around lockup expiration. Specifically, firms which show improvement in liquidity subsequent to the unlock day experience positive abnormal returns in the post-expiration period, and vice versa. Another interesting conclusion that emerges from our research is that liquidity changes can predict future abnormal returns. Our results remain robust to the use of alternate …


National Corporate Governance And Corruption Prevention, Soo Ping Lim Feb 2009

National Corporate Governance And Corruption Prevention, Soo Ping Lim

Research Collection School Of Accountancy

No abstract provided.


The Dark Triad: Facilitating A Short-Term Mating Strategy In Men, Peter K. Jonason, Norman P. Li, Gregory D. Webster, David P. Schmitt Feb 2009

The Dark Triad: Facilitating A Short-Term Mating Strategy In Men, Peter K. Jonason, Norman P. Li, Gregory D. Webster, David P. Schmitt

Research Collection School of Social Sciences

This survey (N=224) found that characteristics collectively known as the Dark Triad (i.e. narcissism, psychopathy and Machiavellianism) were correlated with various dimensions of short-term mating but not long-term mating. The link between the Dark Triad and short-term mating was stronger for men than for women. The Dark Triad partially mediated the sex difference in short-term mating behaviour. Findings are consistent with a view that the Dark Triad facilitates an exploitative, short-term mating strategy in men. Possible implications, including that Dark Triad traits represent a bundle of individual differences that promote a reproductively adaptive strategy are discussed. Findings are discussed in …


Toward A More Complete Understanding Of The Link Between Multicultural Experience And Creativity, William W. Maddux, Angela K.-Y. Leung, Chi-Yue Chiu, Adam D. Galinsky Feb 2009

Toward A More Complete Understanding Of The Link Between Multicultural Experience And Creativity, William W. Maddux, Angela K.-Y. Leung, Chi-Yue Chiu, Adam D. Galinsky

Research Collection School of Social Sciences

Responds to G. J. Rich's comments on the current author's original article which presented evidence supporting the idea that multicultural experience can facilitate creativity. Rich has argued that our review, although timely and important, was somewhat limited in scope, focusing mostly on smaller forms of creativity ("little c": e.g., paper-and-pencil measures of creativity) as well as on larger forms of multicultural experience ("Big M": e.g., living in a foreign country). We agree with many aspects of Rich's assessment. The issue of whether different forms of multicultural experience can affect Big C creativity is of interest to both scholars and laypeople …


The Talent Of Shu: Qiao Ami And The Intellectual World Of Early Medieval Sichuan, Alan Kam Leung Chan Feb 2009

The Talent Of Shu: Qiao Ami And The Intellectual World Of Early Medieval Sichuan, Alan Kam Leung Chan

Research Collection College of Integrative Studies

Portrayals of the intellectual scene of the early medieval Chinese “Sanguo” or “Three States” period (220–280) generally privilege major figures associated with the state of Wei, such as He Yan and Wang Bi, over those who made their mark in Shu (modern Sichuan) and Wu, the other two states contending for the right to rule “all under Heaven” after the demise of the Han dynasty. Michael Farmer sets out to redress this imbalance through a study of the Shu statesman and historian Qiao Zhou (c. 200–270). The book thus harbors a dual purpose, reflected in its title, for in presenting …


Analyzing And Forecasting Business Cycles In A Small Open Economy: A Dynamic Factor Model For Singapore, Hwee Kwan Chow, Keen Meng Choy Feb 2009

Analyzing And Forecasting Business Cycles In A Small Open Economy: A Dynamic Factor Model For Singapore, Hwee Kwan Chow, Keen Meng Choy

Research Collection School Of Economics

A dynamic factor model is applied to a large panel dataset of Singapore’s macroeconomic variables and global economic indicators with the initial objective of analyzing business cycles in a small open economy. The empirical results suggest that four common factors are present in the quarterly time series, which can broadly be interpreted as world, regional, electronics and domestic economic cycles. The estimated factor model explains well the observed fluctuations in real economic activity and price inflation, leading us to use it in forecasting Singapore’s business cycles. We find that the forecasts generated by the factors are generally more accurate than …


Proclaiming Trade Policy: 'Delegated Unilateral Powers' And The Limits On Presidential Unilateral Enactment Of Trade Policy, Brandon Rottinghaus, Elvin T. Lim Feb 2009

Proclaiming Trade Policy: 'Delegated Unilateral Powers' And The Limits On Presidential Unilateral Enactment Of Trade Policy, Brandon Rottinghaus, Elvin T. Lim

Research Collection School of Social Sciences

This article examines presidential proclamations on trade policy, a category of presidential unilateral power that we call delegated unilateral power that is used frequently in creating or modifying trade policy, between the period1974 and 2006 and tests the boundaries of the explanations predicted by the unilateral powers literature. We also find that the use of proclamations on trade policy is independent of the partisan balance in Congress. The use of proclamations modifying policies was the only tactic that comported with predicted actions from the unilateral presidency. Therefore, contrary to the expectations of the unilateral presidency, presidents are not unrestrained political …


Csr Singapore Style, Thomas Thomas Jan 2009

Csr Singapore Style, Thomas Thomas

Social Space

How well have Singapore companies embraced CSR beyond merely obeying national policies and laws? Thomas Thomas surveys the local CSR landscape and examines the current state of affairs.


Social Enterprise: A Moral Framework For Leadership And Excellence?, Kevin Teo, Leng Leroy Lim Jan 2009

Social Enterprise: A Moral Framework For Leadership And Excellence?, Kevin Teo, Leng Leroy Lim

Social Space

We are in the midst of a global socio-economic transition and the way we think about the economy is changing. Here, Kevin Teo and Leng Leroy Lim trace the ideas and movements that have shaped beliefs about economics, business, and leadership, then challenge these assumptions to advance a new moral ethos for a new age.


Chinese Philanthropy In Southeast Asia: Between Continuity And Change, Thomas Menkhoff Jan 2009

Chinese Philanthropy In Southeast Asia: Between Continuity And Change, Thomas Menkhoff

Social Space

What makes ethnic Chinese philanthropy tick? Thomas Menkhoff looks at what drives prominent Chinese business leaders to give back to society and offers a glimpse of the changing face of ethnic philanthropy.


The Market And The Social Economy: Can The Twain Meet?, Willie Cheng Jan 2009

The Market And The Social Economy: Can The Twain Meet?, Willie Cheng

Social Space

Can the different paradigms of the market and social economy be reconciled? Willie Cheng suggests that the current remaking of both economies offers an invaluable opportunity.


Singapore Management University Report To Stakeholders 2009 - 2010, Singapore Management University Jan 2009

Singapore Management University Report To Stakeholders 2009 - 2010, Singapore Management University

Report to Stakeholders

Since our inauguration in 2000, we have grown from a simple idea of a group of pioneers who came together - inspired by a new philosophy and approach towards undergraduate education - into a progressive, globally respected university that is widely recognised as a change agent and catalyst for innovation. Over the past 10 years, SMU has proven to be a successful experiment in Singapore’s efforts to strengthen and diversify its higher education sector. We have lived up to our promise of making a difference to our society through the graduates we have produced, through our engagement with the local …


University Research Rankings : From Page Counting To Academic Accountability, Ruth A. Pagell Jan 2009

University Research Rankings : From Page Counting To Academic Accountability, Ruth A. Pagell

Research Collection Library

The globalization of the education industry and concern by governments and funding bodies for academic accountability have turned university rankings into an international game with widening participation not only from North America and Europe but from the Asia-Pacific region. This paper provides a literature review that synthesizes current international and national policies and accountability initiatives with the history of research rankings and the use of bibliometrics to produce 21st century university research rankings. It explains key bibliometric measures and how they current ranking systems apply them. It highlights the commonalities and differences in rankings over time. The growth of research …


Economic Recession And Corporate Social Responsibility (Csr) In Singapore, Peter Shergold Jan 2009

Economic Recession And Corporate Social Responsibility (Csr) In Singapore, Peter Shergold

Social Space

As the global financial crisis deepens, many are questioning the relevance of corporate commitment to CSR. In this article, Professor Peter Shergold argues how CSR needs to be embedded into the business strategy of the corporate world in good times and bad.


A Fortunate Life...Even In Singapore, Ivy Singh-Lim Jan 2009

A Fortunate Life...Even In Singapore, Ivy Singh-Lim

Social Space

Tilling the soil and soothing the soul: With a dagger strapped at the waist, Ivy Singh-Lim puts a head-spinning twist to the meaning of ‘retiring gracefully’ in Singapore.


A Rising Tide Lifts No Sunken Boat, Irene Ng, David Rothwell Jan 2009

A Rising Tide Lifts No Sunken Boat, Irene Ng, David Rothwell

Social Space

In these times of an economic downturn, several stressors impact more stiffly on vulnerable groups in Singapore. Irene Ng and David Rothwell point out these stressors at multiple levels and suggest ways social policy can continue to respond.


New Models For Doing Business: An Interview With Ho Kwon Ping, Kwon Ping Ho Jan 2009

New Models For Doing Business: An Interview With Ho Kwon Ping, Kwon Ping Ho

Social Space

The business sector has been a tremendous source of innovation for the social space, giving the world social innovations such as microfinance and venture philanthropy. Business entrepreneur Ho Kwon Ping shares with Social Space his insights on how business principles can be applied to the social sector, and on the paradigm shifts needed in the commercial sector as well as in business schools.


Promoting Third Sector Leadership: Letting A Thousand Flowers Bloom, Filippo Addarii, Ben Rattenbury Jan 2009

Promoting Third Sector Leadership: Letting A Thousand Flowers Bloom, Filippo Addarii, Ben Rattenbury

Social Space

How do we foster leadership and social innovation in the third sector? Filippo Addarii and Ben Rattenbury share a European method through the peer-led Euclid Network.


Back To Basics: The New Moral Economy?, Eugene Tan Jan 2009

Back To Basics: The New Moral Economy?, Eugene Tan

Social Space

To what extent is wealth creation for the common good? And what is the final objective of a market society? Eugene KB Tan weighs in.


Socially Innovative Youth Projects In Asia, Lien Centre For Social Innovation Jan 2009

Socially Innovative Youth Projects In Asia, Lien Centre For Social Innovation

Social Space

The Lien Centre spotlights the creative efforts of four groups of tertiary students in spearheading new social projects in Asia.


A Cluster Identification Framework Illustrated By A Filtering Model For Earthquake Occurrences, Zhengxiao Wu Jan 2009

A Cluster Identification Framework Illustrated By A Filtering Model For Earthquake Occurrences, Zhengxiao Wu

Research Collection School of Economics

A general dynamical cluster identification framework including both modeling and computation is developed.The earthquake declustering problem is studied to demonstrate how this framework applies.A stochastic model is proposed for earthquake occurrences that considers the sequence of occurrencesas composed of two parts: earthquake clusters and single earthquakes. We suggest that earthquake clusterscontain a “mother quake” and her “offspring.” Applying the filtering techniques, we use the solution offiltering equations as criteria for declustering. A procedure for calculating maximum likelihood estimations(MLE’s) and the most likely cluster sequence is also presented.