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Full-Text Articles in International and Area Studies

Do Venture Capitalists Play A Monitoring Role In An Emerging Market: Evidence From The Pay-Performance Relationship Of Chinese Entrepreneurial Firms?, Jerry X. Cao, Qigui Liu, Gary G. Tian Sep 2014

Do Venture Capitalists Play A Monitoring Role In An Emerging Market: Evidence From The Pay-Performance Relationship Of Chinese Entrepreneurial Firms?, Jerry X. Cao, Qigui Liu, Gary G. Tian

Research Collection Lee Kong Chian School Of Business

This paper investigates venture capitalists’ monitoring of managerial behaviour by examining their impact on CEO pay-performance sensitivity across various controlling structures in Chinese firms. We find that the effectiveness of venture capitalists' monitoring depends on different types of agency conflict. In particular, we find that venture capital (VC) monitoring is hampered in firms that experience severe controlling-minority agency problems caused by disproportionate ownership structures. We provide further evidence that VC is more likely to exert close monitoring in firms that have greater managerial agency conflict, and thus require more direct monitoring. However, controlling-minority agency problems have a greater impact on …


The Rise Of The Gen Y Workforce In India, Singapore Management University Aug 2014

The Rise Of The Gen Y Workforce In India, Singapore Management University

Perspectives@SMU

Technology, education, and demographics make the Indian Gen Y a force to be reckoned with


Smu In Partnership With Tax Academy Of Singapore Launches New Centre For Excellence In Taxation, Singapore Management University Aug 2014

Smu In Partnership With Tax Academy Of Singapore Launches New Centre For Excellence In Taxation, Singapore Management University

SMU Press Releases and News

In collaboration with the Tax Academy of Singapore, and with the support of the Inland Revenue Authority of Singapore, the Singapore Management University has launched the SMU-TA Centre for Excellence in Taxation (SMU-TA CET) today. The SMU-TA CET represents a major new initiative in research addressing international and regional tax issues and taxation policies. It is the first research centre of its kind in Singapore. The aim of the Centre is to produce highly robust research in international and regional tax issues for policy-development and engagement of the international tax community.


The Worship Of Semar: A Claim To "Jus Primordialis", Margaret Chan Aug 2014

The Worship Of Semar: A Claim To "Jus Primordialis", Margaret Chan

Research Collection School of Social Sciences

An ethnography of Paguyuban Cahya Buwana (PCB, The Community of the Light of the Universe) at Gunong Srandil, Central Java, a group dedicated to the worship of Semar. The study reveals how a community of Chinese in Central Java has moved beyond limiting ethnic notions such as Peranakan (Chinese born in Indonesia and adopting Indonesian language) and Totok (“newly-arrived” and retaining the Chinese language) to become entirely Javanese through entry into Kejawen (“Javanism”). This entry has been effected through their worship of Semar who has been described as the “father” of the Javanese.


Appealing To The Masses Understanding Ethnic Politics And Elections In Indonesia (Doctoral Dissertation), Colm A. Fox Aug 2014

Appealing To The Masses Understanding Ethnic Politics And Elections In Indonesia (Doctoral Dissertation), Colm A. Fox

Research Collection School of Social Sciences

The mobilization of ethnic groups during elections is seen by many as one of the greatest threats to democracy in ethnically diverse societies. Two important questions are: Why does ethnicity become politicized in some elections, but not in others? and Why do particular ethnic categories become politicized, while others do not? Two arguments in the literature offer explanations. The first argument posits that groups are mobilized along ethnic lines when voters have strong emotional allegiances to their ethnic group; in effect, the ethnic politicization of elections is viewed as a reflection of societal ethnic cleavages. A second argument focuses on …


Challenges In The Enforcement Of Animal Protection Laws In Singapore, Alvin W. L. See Aug 2014

Challenges In The Enforcement Of Animal Protection Laws In Singapore, Alvin W. L. See

Research Collection Yong Pung How School Of Law

Singapore has fairly powerful animal protection laws. In practice, however, these laws are only powerful to the extent that they are actually enforced. In Singapore, the low number of prosecutions for animal cruelty is a cause for serious concern. While there can be a myriad of reasons for this phenomenon, this paper argues that one primary cause is the insufficient understanding of what amounts, or may amount, to cruelty at law. This results in an unsound enforcement policy which reduces the protection afforded to animals. By highlighting this problem, this paper hopes to draw attention to the importance of the …


Mediated Postnuptial Agreements And Ancillary Matters, Siyuan Chen Aug 2014

Mediated Postnuptial Agreements And Ancillary Matters, Siyuan Chen

Research Collection Yong Pung How School Of Law

When the parties in a divorce have, with the benefit of legal counsel, gone through mediation and negotiated an agreement to settle the ancillary issues of maintenance and the division of matrimonial assets, is there any reason for the court to exercise its statutorily conferred discretion to ignore such an agreement or should it seek to uphold it despite objections from one of the parties? Whereas the High Court in this case declined to follow all of the terms in the agreement on the ground that some of them were not just and equitable, the Court of Appeal held that …


An Overview Of The Impending Changes In The Family Justice Landscape, Siyuan Chen Aug 2014

An Overview Of The Impending Changes In The Family Justice Landscape, Siyuan Chen

Research Collection Yong Pung How School Of Law

Singapore’s family justice landscape is set to witness a sea-change when the key features of the new Family Justice Act, as well as recommendations from the Committee for Family Justice (chaired by the Senior Minister of State for Law and Education, Justice VK Rajah, and Justice Andrew Phang), materialise in the months ahead.


Overview Of The Impending Changes In The Family Justice Landscape, Siyuan Chen Aug 2014

Overview Of The Impending Changes In The Family Justice Landscape, Siyuan Chen

Research Collection Yong Pung How School Of Law

Singapore’s family justice landscape is set to witness a sea-change when the key features of the new Family Justice Act, as well as recommendations from the Committee for Family Justice (chaired by the Senior Minister of State for Law and Education, Justice VK Rajah, and Justice Andrew Phang), materialise in the months ahead.


How To Boost Spain’S Business Presence In Singapore: Opportunities In The Wake Of The Free Trade Agreement With The Eu, Maria Garcia, Clara Portela Aug 2014

How To Boost Spain’S Business Presence In Singapore: Opportunities In The Wake Of The Free Trade Agreement With The Eu, Maria Garcia, Clara Portela

Research Collection School of Social Sciences

The recently signed Free Trade Agreement between the EU and Singapore opens up new business opportunities for Spanish companies on the island, which is already Spain’s top trading partner in South-East Asia. One highlight of the accord is the elimination of restrictions on the percentage of foreign investment in financial services and sectors such telecommunications, engineering and shipping. At the same time, the possibility of being able to bid on more government contracts can help companies involved in environmental protection and construction firms. The food industry will benefit from the novel creation of a registry of geographical indications.


Wage A Measured Battle Against The Bottle, Tan K. B. Eugene Aug 2014

Wage A Measured Battle Against The Bottle, Tan K. B. Eugene

Research Collection Yong Pung How School Of Law

In a commentary, SMU Associate Professor of Law and Nominated Member of Parliament Eugene Tan believed that there are legitimate and pressing concerns to justify the close scrutiny of the existing regime on alcohol sale and consumption. He felt that the authorities could leverage market research data to understand the drinking culture and norms here and generate nuanced regulatory responses to alcohol sale and consumption. The insights gleaned from such research could aid our understanding of the dynamics of the drinking culture here. Associate Prof Tan added that the key policy challenge in the review process is to tackle the …


Restitution Of Mistaken Enrichment Under Section 73 Of Malaysia's Contracts Act 1950: Pouring New Wine Into An Old Bottle?, Alvin W. L. See Jul 2014

Restitution Of Mistaken Enrichment Under Section 73 Of Malaysia's Contracts Act 1950: Pouring New Wine Into An Old Bottle?, Alvin W. L. See

Research Collection Yong Pung How School Of Law

This article makes two main suggestions regarding the interpretation of s 73 of Malaysia's Contracts Act 1950, which sets out the right to recover a mistaken enrichment. The first suggestion is that the courts should have regard to the historical background against which the section was enacted, especially because the pre-enactment common law was a historical curiosity. This will dispel certain misconceptions about the nature of the statutory right by shedding light on its supposed affinity with contract and its relationship with the obsolete forms of action and the principle of unjust enrichment. The second suggestion is that the content …


Dynamic Pricing In The Singapore Condominium Market, Eric Fesselmeyer, Haoming Liu Jul 2014

Dynamic Pricing In The Singapore Condominium Market, Eric Fesselmeyer, Haoming Liu

Research Collection College of Integrative Studies

Dynamic pricing strategies are likely an important consideration of Singapore condominium developers because of the durability of condominiums, price transparency, and the long sales period. While we do not observe any systematic relationship between the new sale prices and time of purchase, we do find that quality-adjusted price increases and the quality of units purchased decreases over the new sale period. These results suggest that condominium developers allow early buyers to purchase high quality units at discounted prices but do not extend the price discount to later buyers of low quality units. (C) 2014 Elsevier B.V. All rights reserved.


Conservatism And Equity Ownership Of The Founding Family, Shuping Chen, Xia Chen, Qiang Cheng Jul 2014

Conservatism And Equity Ownership Of The Founding Family, Shuping Chen, Xia Chen, Qiang Cheng

Research Collection School Of Accountancy

We investigate the impact of founding family ownership on accounting conservatism. Family ownership is characterised by large, under-diversified equity stake and long investment horizon. These features give family owners both the incentives and the ability to implement conservative financial reporting to reduce legal liability and mitigate agency conflicts with other stakeholders. Since CEOs can have different incentives towards conservatism, we focus on ownership of non-CEO founding family members in our investigation. We find that conservatism increases with non-CEO family ownership, supporting our prediction. This relationship becomes insignificant in family firms with founders serving as CEOs, either due to founder CEOs' …


International Transmission Of Interest Rates And The Open Economy Trilemma In Asia, Hwee Kwan Chow Jul 2014

International Transmission Of Interest Rates And The Open Economy Trilemma In Asia, Hwee Kwan Chow

Research Collection School Of Economics

There has recently been much discussion on the relevance of the open economy trilemma in the context of deepening financial integration of countries across the world (see for instance, Rey (2013) and Devereux and Yetman (2014)). The open economy trilemma is an important issue for the countries in Asia not least because their financial systems are small and exchange rate stability is crucial to their economic growth. This paper investigates whether the economies in Asia are still bound by the "impossible trinity" by examining the interest rate transmission from the US to the region before and after the onset of …


Unpacking East-West Differences In The Extent Of Self-Enhancement From The Perspective Of Face Versus Dignity Cultures, Hae In Lee, Angela K. Y. Leung, Young-Hoon Kim Jul 2014

Unpacking East-West Differences In The Extent Of Self-Enhancement From The Perspective Of Face Versus Dignity Cultures, Hae In Lee, Angela K. Y. Leung, Young-Hoon Kim

Research Collection School of Social Sciences

The question of whether or not the need for self-enhancement is culturally universal has been a controversial issue in cultural psychology. Though there have been numerous studies arguing that East Asians also have the need for self-enhancement, the controversy remained. We contend that the field is ready to see a cohesive theory that integrates and explains when and why East Asians do and do not manifest their need for self-enhancement. In this paper, we provide the theoretical logics of and rationales behind face and dignity cultures as the new theoretical proxies that integrate and explain East Asians' self-enhancing behaviors, supplementing …


Should Singapore Adopt 'Say On Pay'?, Clarence Goh Jul 2014

Should Singapore Adopt 'Say On Pay'?, Clarence Goh

Research Collection School Of Accountancy

SoP may require disclosures that could harm a firm's competitive interests.


Should Singapore Adopt 'Say On Pay'?, Clarence Goh Jul 2014

Should Singapore Adopt 'Say On Pay'?, Clarence Goh

Research Collection School Of Accountancy

SoP may require disclosures that could harm a firm's competitive interests.


Singapore's New Discretionary Death Penalty For Drug Couriers: Public Prosecutor V Chum Tat Suan, Siyuan Chen Jul 2014

Singapore's New Discretionary Death Penalty For Drug Couriers: Public Prosecutor V Chum Tat Suan, Siyuan Chen

Research Collection Yong Pung How School Of Law

The article offers information on the history, evolution and significance of the new discretionary death penalty legislation for drug couriers in Singapore under the application of the Misuse of Drugs Act (MDA). It discusses the judicial decision of the Singaporean High Court in the case of Public Prosecutor v. Chum Tat Suan in which the Court convicted the accused with chareges of importing of more than 94.96g of diamorphine into Singapore that was punishable under section 33 of the MDA.


Recognising Lost Chances In Tort Law, Jeremy Shi Wei Liang, Kee Yang Low Jul 2014

Recognising Lost Chances In Tort Law, Jeremy Shi Wei Liang, Kee Yang Low

Research Collection Yong Pung How School Of Law

This paper proposes the way forward in dealing with the unsatisfactory case law involving loss of chance in negligence, particularly medical negligence. It seeks to show that the current approach in England and in Singapore of applying traditional causation rules is arbitrary and inadequate, and fails to meet a deserving loss of chance claim. The authors seek to examine whether loss of chance is better understood as a theory of injury instead of a theory of causation. Inspecting major common law jurisdictions and the key controversies in reconciling the case law, it will be advanced that the best method (in …


Public Health Regulation: Convergence, Divergence, And Regulatory Tension: An Asian Perspective, Locknie Hsu Jul 2014

Public Health Regulation: Convergence, Divergence, And Regulatory Tension: An Asian Perspective, Locknie Hsu

Research Collection Yong Pung How School Of Law

Regulatory issues relating to public health, including regulation of access to medicines and tobacco control have increasingly been the source of tension in recent trade and investment negotiations, treaties and disputes. The ongoing Trans-Pacific Partnership negotiations, which include a number of developing Asian states, are an example that brings some of these issues to the fore and show a divergence of negotiating views.

The intersection between public health regulation and trade and investment treaties has given some Asian states significant pause for thought; it has further led the international system to a critical need to confront the overlap of legal …


Singapore's Financial Market: Challenges And Future Prospects, David K. C. Lee, Kok Fai Phoon Jul 2014

Singapore's Financial Market: Challenges And Future Prospects, David K. C. Lee, Kok Fai Phoon

Research Collection Lee Kong Chian School Of Business

Singapore has successfully developed into one of the leading international financial centers in a short span of less than half a century. The factors of success can be attributed to time, space, and people. Given the complexity and connectivity of today’s markets, there are many challenges in a fast changing environment marked by huge global capital flows and punctuated by crisis after crisis. This chapter will explain the success of Singapore’s financial market and provide the author’s outlook for the island state’s future prospects in the aftermath of the US debt crisis, the Euro crisis, and likely slowdown in emerging …


Impact Of Social Media On Power Relations Of Korean Health Activism, Kyu Jin Shim Jul 2014

Impact Of Social Media On Power Relations Of Korean Health Activism, Kyu Jin Shim

Research Collection Lee Kong Chian School Of Business

This case study explores how the Korea Leukemia Patient Group (KLPG) uses social media in its internal communication strategy and how that empowers its relationship with external counterparts. The findings of this study indicate that the local health NGO’s communication strategy is changing in response to the increased effectiveness and impact of social media. With the use of social media like Twitter, the KLPG can construct an issue-based advocacy group quickly and effectively. Consequently, more legitimacy and representativeness through collected support from general publics has further empowered the KLPG. Yet, the sustainability component in the relationships built through social media …


Marriage And Child Bearing, Kong Weng Ho Jul 2014

Marriage And Child Bearing, Kong Weng Ho

Research Collection School Of Economics

This chapter considers the impact of existing incentives and policies to encourage marriage and child-birth, and other direct and indirect ways to raise the total fertility rate (TFR).


Why Cpf-Style Systems Generally Work Better, Hian Teck Hoon Jul 2014

Why Cpf-Style Systems Generally Work Better, Hian Teck Hoon

Research Collection School Of Economics

The Central Provident Fund (CPF) has been in existence since 1955, and plays an important role in the lives of millions of Singaporeans. But this does not mean there is nothing to be learnt from asking some fundamental questions about its usefulness.


Dynamic Pricing In The Singapore Condominium Market, Eric Fesselmeyer, Haoming Liu Jul 2014

Dynamic Pricing In The Singapore Condominium Market, Eric Fesselmeyer, Haoming Liu

Research Collection College of Integrative Studies

Dynamic pricing strategies are likely an important consideration of Singapore condominium developers because of the durability of condominiums, price transparency, and the long sales period. While we do not observe any systematic relationship between the new sale prices and time of purchase, we do find that quality-adjusted price increases and the quality of units purchased decreases over the new sale period. These results suggest that condominium developers allow early buyers to purchase high quality units at discounted prices but do not extend the price discount to later buyers of low quality units. (C) 2014 Elsevier B.V. All rights reserved.


Singapore’S Competitiveness At Risk, Augustine H. H. Tan Jul 2014

Singapore’S Competitiveness At Risk, Augustine H. H. Tan

Research Collection School Of Economics

Singapore’s disappointing second-quarter growth of 2.1 per cent compared with the same period last year has raised concerns about the impact of economic restructuring. When compared with the last quarter, growth even dipped 0.8 per cent. At the same time, productivity performance has been dismal. After rising by 2.2 per cent in 2011, productivity dropped by 1.4 per cent in 2012 and another 0.2 per cent last year.


New A*Star-Smu Centre Combines High-Powered Computing And Behavioural Sciences To Study People-Centric Issues, Singapore Management University Jun 2014

New A*Star-Smu Centre Combines High-Powered Computing And Behavioural Sciences To Study People-Centric Issues, Singapore Management University

SMU Press Releases and News

The Agency for Science, Technology and Research (A*STAR) and the Singapore Management University (SMU) will establish a Centre for Technology and Social-Behavioural Insights (CTSBI) to tap on high performance computing technology, big data analytics and behavioural sciences to study people-centric issues and human behaviour including how people think, feel and act in different settings. Such information can be used to enhance planning and address issues in different areas such as retail, logistics, urban planning, education and community development.


Customer Satisfaction Index Of Singapore 2014: Q1 Results, Institute Of Service Excellence, Smu Jun 2014

Customer Satisfaction Index Of Singapore 2014: Q1 Results, Institute Of Service Excellence, Smu

Research Collection Institute of Service Excellence (2007-2024)

The Customer Satisfaction Index of Singapore (CSISG) computes customer satisfaction scores at the national, sector, sub-sector, and company levels. The CSISG serves as a quantitative benchmark of the quality of goods and services produced by the Singapore economy over time and across countries. These Q1 results for the Retail and Infocommunications sectors begin the CSISG’s eighth year of measurement.


Evolving An Information Systems Capstone Course To Align With The Fast Changing Singapore Marketplace, Chris Boesch, Benjamin Kok Siew Gan Jun 2014

Evolving An Information Systems Capstone Course To Align With The Fast Changing Singapore Marketplace, Chris Boesch, Benjamin Kok Siew Gan

Research Collection School Of Computing and Information Systems

Every year, around fifty-five undergraduate teams of four to six students are required to complete a capstone course for the School of Information Systems at Singapore Management University. Each team spends approximately five months working with an industry sponsor using the latest tools and techniques. Students actively learn by implementing the system to solve a real world problem. In addition to delivering value to the local sponsor, our students learn specialized skills currently needed in the marketplace, which might not yet be incorporated into electives and core courses. In this paper, we discuss the tradeoffs of providing students and project …