International and Area Studies Commons^™

Isetan: Adapting To The New Global Retail Landscape, Singapore Management University

Perspectives@SMU

Department stores need to rethink their traditional business model and deliver value to shoppers, and it must be done with speed and imagination

Decoding Chinese Foreign Policy, Singapore Management University

Perspectives@SMU

States need to understand Beijing’s practice of ‘false dilemmas’ and its revanchist narrative, and stand firm without provoking China unnecessarily

Leveraging On Data Visualisation And Analytics For Assessment And Innovation, Salihin Mohammed Ali

Research Collection Library

No abstract provided.

Industry-University Partnership Through Experiential Project-Based Learning: A Singapore Case Study, Gary Pan, Gan Hup Tan, Yvonne Tan

Research Collection School Of Accountancy

A radical approach to preparing university students with future work skills, by combining academic with experiential learning through real projects faced by client partners. Learn how a university can create opportunities for collaborative learning and a tripartite learning relationship for academia, students and industry. Outcomes and impact of the case Post-module feedback surveys conducted over AY2015/16 showed that over 80% of the students who took an SMU-X module reported enhanced problem-solving, analytical, reasoning and communication skills, all of which were skills highly valued by employers. These results also dovetailed with SMU-X’s learning outcomes. More than 85% felt that the SMU-X …

International Volatility Risk And Chinese Stock Return Predictability, Jian Chen, Fuwei Jiang, Yangshu Liu, Jun Tu

Research Collection Lee Kong Chian School Of Business

This paper investigates the predictive ability of international volatility risks for the daily Chinese stock market returns. We employ the innovations in implied volatility indexes of seven major international markets as our international volatility risk proxies. We find that international volatility risks are negatively associated with contemporaneous Chinese daily overnight stock returns, while positively forecast next-day Chinese daytime stock returns. The US volatility risk (ΔVIX) is particularly powerful in forecasting Chinese stock returns, and plays a dominant role relative to the other six international volatility measures. ΔVIX's forecasting power remains strong after controlling for Chinese domestic volatility and is robust …

Drones, Ai And Getting Undergrads Ready For Great Disruption, Tan K. B. Eugene, Thomas Menkhoff, Siew Ning Kan

Research Collection Yong Pung How School Of Law

In a joint commentary, SMU Academic Director (MSc in Innovation) and Professor of Organisational Behaviour and Human Resources (Education) Thomas Menkhoff; SMU Associate Professor of Law Eugene Tan; and SMU LKCSB Adjunct Faculty Kan Siew Ning, highlighted that the University recently launched an inter-disciplinary course on emerging technology, focusing on unmanned aerial vehicles (UAV or drones), robotics, and artificial intelligence (AI). One key learning outcome is to enable students to appreciate, in a multi-disciplinary setting, the huge business potential of emerging technology in diverse areas - such as logistics, supply chain management, transportation, search and rescue, military, and scientific studies. …

More Public Education Needed On Changes To Ep System, Tan K. B. Eugene

Research Collection Yong Pung How School Of Law

The office of Singapore’s Elected President is often misunderstood. Although it has been part of our system of institutional checks and balances since 1991, a popular misconception is that the President is a centre of political power unto itself.

Multinational Firms And Cash Holdings: Evidence From China, Weijun Wu, Yang Yang, Sili Zhou

Research Collection Lee Kong Chian School Of Business

To adapt to globalization, Chinese multinational firms have more exploitation of cash. This paper shows that Chinese multinational corporations (MNCs) do not hold significantly more cash relative to domestic firms unless these multinationals heavily relay on the foreign sales. In addition, the multinationals of non-State-Owned Enterprises (Non-SOEs) exhibit the insignificant difference in cash holdings for non-multinationals. We also find that Chinese MNCs invest more but are less profitable, especially in non-SOE subsample. Overall, we conclude that the need of cash liquidity of multinational corporations in China is different from those in U.S.

Jobs For Justice(S): Corruption In The Supreme Court Of India, Madhav S. Aney, Shubhankar Dam, Giovanni Ko

Research Collection School Of Economics

We investigate whether judicial decisions are affected by career concerns of judges byanalysing two questions: Do judges respond to pandering incentives by ruling in favourof the government in the hope of receiving jobs after retiring from the Court? Does thegovernment actually reward judges who ruled in its favour with prestigious jobs? To answerthese questions we construct a dataset of all Supreme Court of India cases involving thegovernment from 1999 till 2014, with an indicator for whether the decision was in its favouror not. We find that pandering incentives have a causal effect on judicial decision-making.The exposure of a judge to …

Determinants Of Urban Land Supply In People's Republic Of China: How Do Political Factors Matter?, Wen-Tai Hsu, Xiaolu Li, Yang Tang, Jing Wu

Research Collection School Of Economics

This paper explores whether and how corruption and competition-for-promotion motives affect urban land supply in the People's Republic of China. Conditional on demand-side factors, we find that corruption is highly correlated with an increase in land supply. The corruption effects are strongest for commercial land, followed by residential land, and then industrial land. To shed light on the competition motives among prefectural leaders, we examine how the number of years in office affects land supply and distinguish among different hypotheses. Our empirical results show robust rising trends in land sales. These results are consistent with the hypothesis that among prefectural …

Understanding Anti-Government Sentiment And The Public's Anti-Corruption Behavior: The Roles Of Perceived Ethics Failure, Emotional Leadership, And Communication Strategy, Soojin Kim, Laishan Tam, Seung Bach

Research Collection Lee Kong Chian School Of Business

This study tests relationships among anti-governmentsentiment, their antecedents and their outcomes. A Web survey was conducted in India,South Korea, and the United States. Results show that the public’s perceptionsof their government’s ethics failure, lack of emotional leadership, and use ofbuffering strategy as a communication strategy for the public are related totheir anti-government sentiments against their incumbent governments. Inaddition, positive associations were found between anti-government sentimentand the public’s communicative and behavioral intention for anti-corruptionbehavior. Theoretical and empirical implications are discussed.

Generation "P": Philippines' Millennial Impact Entrepreneurs, Jinky Tuliao, Zen Bin, Vivienne Zerrudo

Social Space

"Millennials"—broadly defined as those born between 1980 and 2000— are a dynamic driving force behind any country’s economic progress, but particularly so in the Philippines. Making up about 50 per cent of the national population, Philippine millennials are mainly employed in micro, small and medium enterprises (MSMEs), which in turn account for over 99 per cent of all local businesses.

Singapore: Managing Diplomacy In A Chinese Lake, Singapore Management University

Perspectives@SMU

As China muscles in on the South China Sea, Singapore adjusts to relations with Malaysia and Indonesia

Singapore Management University Report To Stakeholders 2016 - 2017, Singapore Management University

Report to Stakeholders

SMU has come a long way since we opened our doors to our first students in 2000. We have adapted and grown as we created and seized new opportunities. As a result, today we are blessed with a world-class campus in the heart of Singapore’s city centre, six schools offering both undergraduate and postgraduate programmes as well as many other postgraduate, professional and continuing education programmes; and close to 10,000 students on campus. All this was brought into focus this year as we opened the splendid new School of Law building, with its jewel-like Kwa Geok Choo Law Library and …

Voices That Care: Bringing Speech, Weh Yeoh

Social Space

Nelson Mandela once said, “Education is the most powerful weapon which you can use to change the world.” The only issue is, not everyone has access to education.

Pay For Social And Impact Bonds In Singapore, Richard Edwards, Kevin Tan

Social Space

Measurably Improving the Lives of People Most in Need

Taking Action For Social Change, Singapore Management University

Research@SMU: Connecting the Dots

Research at the SMU Lien Centre for Social Innovation is helping to better understand and respond to the needs of vulnerable communities in Singapore.

See the papers:

• Elderly population in Singapore: Understanding social, physical and financial needs
• Single-parent families in Singapore: Understanding the challenges of finances, housing and time poverty
• People with physical disabilities in Singapore: Understanding disabling factors in caregiving, education, employment and finances
• A handbook on inequality, poverty and unmet social needs in Singapore

Dissecting A Giant: The Commodification Of Rural China, Singapore Management University

Research@SMU: Connecting the Dots

Rapid growth is causing unprecedented transformations in the social fabric and market structure of rural China, Professors Forrest Zhang and John Donaldson, researchers at SMU investigate.

See the papers:

• Class differentiation in rural China: Dynamics of accumulation, commodification and state intervention;
• Political dynamics in land commodification: Commodifying rural land development rights in Chengdu, China
• The rise of agrarian capitalism with Chinese characteristics: Agricultural modernization, agribusiness and collective land rights
• China's agrarian reform and the privatization of land: A contrarian view

Balancing The Sacred And The Secular, Singapore Management University

Research@SMU: Connecting the Dots

Professor Lily Kong, widely regarded as one of the world’s leading social and cultural geographers, studies the complexities that surround a society’s religious spaces and practices.

See her book: Religion and space: Competition, conflict and violence in the contemporary world

and journal article:

Religious processions: Urban politics and poetics

Mergers & Acquisitions: The Asian Way, Singapore Management University

Research@SMU: Connecting the Dots

Professor Wan Wai Yee studies the laws that govern mergers and acquisitions in Asia’s fast-changing landscape.

See the related publications:

• Mergers and Acquisitions in Singapore: Law and Practice
• Independent financial advisers' opinions for public takeovers and related party transactions in Singapore
• Regulating squeeze-out techniques by controlling shareholders: The divergence between Hong Kong and Singapore

Asia’S Legal Tiger, Singapore Management University

Research@SMU: Connecting the Dots

The growing globalisation of Singapore’s legal profession presents both opportunities and challenges, says Professor Goh Yihan.

See his books:

• Singapore Chronicles: Law;
• Singapore Law: 50 years in the making

The Macro Behind Microfinance: Cambodia's Financial Inclusion Success Story, Jonathan Chang

Social Space

Financial inclusion refers to the delivery of affordable financial services to disadvantaged and low-income segments of society. However, as it also involves striking a fine balance between managing businesses’ credit risks and improving customers’ access to credit, different countries have made varied progress in their financial inclusion efforts. To date, across both developed and developing nations, SMEs and individuals still struggle in the face of limited access to adequate financing. Yet there is one country that has made considerable strides in this area: judging from the tremendous success of its microfinance sector, Cambodia seems to have found the sweet spot …

The Blame Game, Singapore Management University

Research@SMU: Connecting the Dots

When parties outsource duties to independent contractors who then carry out the work negligently, is the hiring party also responsible? Professor Low Kee Yang believes so.

See the papers:

• Non-delegable duty of care: Woodland v Swimming Teachers Association and beyond
• Non-delegable duty after Tiong Aik

Building Gender-Inclusive Workplaces In Singapore: A Practical Guide For Companies And Human Resource Practitioners, Benjamin Tien Yong Wong, Gillian Pei Wen Loy, Claris Wan Xin Teo

Student Publications

We are a team of students from the Singapore Management University (“SMU”) Diversity Leadership Development Programme and SMU Women’s Connections. We believe that all employees are valuable members of many organisations that operate in Singapore. Companies can therefore harness the potential of stronger teams by ensuring that all employees feel safe, valued and included - regardless of one’s gender. In 2014, Singapore saw more women than men enter tertiary educational institutions. Despite this progress made, a study conducted in 2015 found that women were part of only 9.1 per cent of SGX- listed boards, with almost half of these boards …

Increasing Energy Acces In Southeast Asia Through Social Enterprises, Haneol Jeong

Social Space

The 21st century has seen cars go driverless and virtual reality become a reality—yet one fact remains: one in seven people still do not have access to electricity.1 In an age where more people have access to mobile phones than toilets,2 electricity has become as vital a necessity as clean water. To address this issue, social enterprises such as M-KOPA and Sunlabob have pioneered efforts to provide renewable energy for off-grid communities, and yielded innovative energy alternatives and financing solutions. Southeast Asia, however, remains a largely untapped market, with approximately 19 per cent of its population still without access to …

The Eu As A Global Actor In Reforming The International Investment Regime In Light Of Sustainable Development, Stefanie Schacherer

Research Collection Yong Pung How School Of Law

The international investment law regime is undergoing a process of reform. The guiding paradigm of this reform is the principle of sustainable development. The EU, through its exclusive competence over foreign direct investment, has become a significant actor on the stage of international investment law governance. According to recent statements of the EU institutions, the EU seeks to shape its policy to be consistent with the principle of sustainable development. In more concrete terms this means that EU investment law making shall be consistent with core labour standards, environmental protection and the conservation of natural resources as well as with …

Ownership And Identities Of The Largest Shareholders And Dividend Policy: Evidence From Vietnam, Trien Vinh Le, Trang Huyen Le

Research Collection School Of Accountancy

This study investigates the relationship between the level of shareholdings and identities of the largest shareholders, and cash dividend policy. The study is conducted with a sample of 180 firms listed on Vietnam stock exchange markets from 2009 to 2013. The fixed effect model is employed to analyze the balanced panel data. The results show that the higher the level of holdings by the largest shareholders, the lower the dividend payout. Moreover, companies with the State and Foreign investors as the largest shareholders have higher dividend payout ratio than companies with local investors and managers as the largest shareholders. The …

The Making Of A Successful Analytics Master Degree Program: Experiences And Lessons Drawn For A Young And Small Asian University, Michelle L. F. Cheong

Research Collection School Of Computing and Information Systems

Singapore Management University’s School of Information Systems is a young school within a young and small university in Asia. Being young and small, establishing a successful analytics master degree program required extensive landscape research, assessment of its own strengths and weaknesses, having a committed team, and having a clear vision to meet the ever-changing needs of the industry. The Master of IT in Business (Analytics) program, established since 2011, has grown from an annual intake of 16 to 128 students in six years. This article attempts to describe the design process, challenges faced, decisions made, and the key actions taken, …

Remembering 1965: Indonesian Cinema And The 'Battle For History', Espena Darlene Machell

Research Collection School of Social Sciences

Using four films to probe the transformations in Indonesia’s historical memory, this paper examines how the Indonesian society remembers, interrogates, and comes to terms with one of their nation’s most traumatic episodes: the widespread communist purge that followed the failed coup on 30 September 1965. It also demonstrates how they reflect various perspectives on the 1965 killings that are—to an extent—part of the “Battle of History” (van Klinken 2001) in postSuharto Indonesia, wherein different historiographic traditions introduce new actors, reveal the nuances, and challenge longstanding dominant understandings of 1965.

China's Administrative Hierarchy: The Balance Of Power And Winners And Losers Within China's Levels Of Government, John A. Donaldson

Research Collection School of Social Sciences

The China that Chairman Mao Zedong ruled was primarily agrarian. Mao’s party, consistent with the ideas of Lenin on which it was partially based, pursued planned industrialization by promoting state-owned manufacturing. This endeavor involved all sectors of society in the push to catch up with the West – even to the point of imploring rural residents to smelt steel in backyard furnaces. These efforts showed some success – by 1978 manufacturing’s share of GDP had risen from the 28 percent it held in 1949. Yet even after three decades, manufacturing still represented less than half of GDP, while the country’s …