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Articles 2521 - 2550 of 3696

Full-Text Articles in International and Area Studies

The Makings Of A Social Investment State, Tan K. B. Eugene Feb 2014

The Makings Of A Social Investment State, Tan K. B. Eugene

Research Collection Yong Pung How School Of Law

In a commentary, SMU Associate Professor of Law and NMP Eugene Tan opined that the Budget was an economic, political and social instrument, and not just a fiscal policy instrument. He said that key economic themes persisted in Budget 2014: productivity, restructuring, reducing reliance on foreign labour and long-term planning. He highlighted that the Budget was dominated by social themes, as it exuded inclusiveness, equity and gratitude. The Government’s expansion of schemes to reduce the income gap and improve social mobility was actually a move to make up for its lack of investments in the social sector in past years, …

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Sutd And Smu Jointly Launch Inaugural Undergraduate Dual Degree Programme In Technology, Design And Management, Singapore Management University Feb 2014

Sutd And Smu Jointly Launch Inaugural Undergraduate Dual Degree Programme In Technology, Design And Management, Singapore Management University

SMU Press Releases and News

This May, the Singapore University of Technology and Design (SUTD) and the Singapore Management University (SMU) will admit the first batch of dual degree undergraduate students. Up to 45 top achievers will have the unprecedented opportunity to pursue an engineering degree from SUTD and a business management degree from SMU concurrently. The four-year programme, aimed at producing graduates who will be highly effective in an increasingly complex globalised world, will prepare students to be technology and management-grounded leaders, innovators, and entrepreneurs. Students will spend time at both campuses, and will take SUTD and SMU courses from the first academic year, …

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The Price Discovery Puzzle In Offshore Yuan Trading: Different Contributions For Different Contracts, David K. Ding, Yiuman Tse, Michael R. Williams Feb 2014

The Price Discovery Puzzle In Offshore Yuan Trading: Different Contributions For Different Contracts, David K. Ding, Yiuman Tse, Michael R. Williams

Research Collection Lee Kong Chian School Of Business

The People's Bank of China (PBC) lifted yuan trading restrictions in July of 2010 that led to offshore yuan spot trading in Hong Kong. Based on causality analyses, we find that price discovery is absent between the onshore and offshore spot markets. However, we document the presence of price discovery between onshore spot and offshore nondeliverable forward (NDF) rates. These seemingly inconsistent results present a puzzle wherein one offshore market appears to be more informationally integrated with the onshore market than another. We conclude that price discovery differences in the offshore markets stem from the offshore spot and forward contracts …

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Deutsche Bank V Chang: A Dramatic Reversal By The Court Of Appeal, Kee Yang Low Feb 2014

Deutsche Bank V Chang: A Dramatic Reversal By The Court Of Appeal, Kee Yang Low

Research Collection Yong Pung How School Of Law

The 2012 High Court decision awarding scientist Chang Tse Wen US$49m for losses from investing in accumulators through Deutsche Bank has been overturned by the Court of Appeal. This article seeks to aid readers in understanding the CA decision and in appreciating the legal implications.

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Streamlining Procedures For Judicial Review: Legislative Amendments To The Singapore Rules Of Court To Enhance Access To Justice, Denise Huiwen Wong Feb 2014

Streamlining Procedures For Judicial Review: Legislative Amendments To The Singapore Rules Of Court To Enhance Access To Justice, Denise Huiwen Wong

Research Collection Yong Pung How School Of Law

Judicial review cannot serve as an effective check on administrative action unless aggrieved applicants have a real way to access the courts to obtain relief. In an admirable, albeit belated move, significant amendments were made to the Singapore Rules of Court to remove the procedural strictures inherited from the pre-1977 UK system. The amendments allow an applicant to seek a declaration in addition to the traditional prerogative orders and recover damages within the same proceedings if the applicant can prove that he/she would have had a valid claim in a private law action. This article examines the mischief that the …

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Judicial Inactivitism In Protecting Financial Consumer Against Predatory Sale Of Retail Structured Products: A Reflection From Retail Structured Notes Lawsuits In Taiwan, Chao-Hung Chen Feb 2014

Judicial Inactivitism In Protecting Financial Consumer Against Predatory Sale Of Retail Structured Products: A Reflection From Retail Structured Notes Lawsuits In Taiwan, Chao-Hung Chen

Research Collection Yong Pung How School Of Law

This article analyzes 310 structured note lawsuits in Taiwan between 2000 and 2013 to examine courts’ attitude in dealing with claims of misselling retail structured notes. We find that courts were generally not favorable to retail investors. This provides a contrast with the financial regulator’s efforts to improve financial consumer protection since 2008. By examining plaintiffs’ key arguments and courts’ rulings, we find that it was difficult for investors to fulfill their burden of proof and courts were reluctant to award remedies when investors did sign on a contractual document confirming his knowledge on a few matters. While regulators are …

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The Strength Of Sibling Ties: Sibling Influence On Status Attainment In A Chinese Family, Qian Forrest Zhang Feb 2014

The Strength Of Sibling Ties: Sibling Influence On Status Attainment In A Chinese Family, Qian Forrest Zhang

Research Collection School of Social Sciences

What allowed eight siblings from a politically disadvantaged rural family to overcome institutional barriers and achieve upward mobility during Maoist China? What then restricted their children’s chances of upward mobility during the Reform era, when both family background and institutional environment were more favourable? In studying this anomalous case, whose experiences contradicted the well-documented effects of state policies and yet cannot be explained by parental influence, this study examines how adult siblings influenced each other’s status attainment processes, an issue largely neglected in the literature. Through comparing the micro-level mobility processes of the two generations in this family, I propose …

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Budget 2014 Is About Doing The Right Thing, Tan K. B. Eugene Feb 2014

Budget 2014 Is About Doing The Right Thing, Tan K. B. Eugene

Research Collection Yong Pung How School Of Law

In a commentary, SMU Associate Professor of Law and NMP Eugene Tan opined that the Budget’s move for the Pioneer Generation Package (PGP) was important and the right thing to do, as it mattered politically, and provided benefits and assurance to the pioneers. He said it was wise to set aside the $8b cost of the package, so future generations would not bear the cost of financing it. The Budget had acknowledged its role in caring for the elderly as well as preparing for the future and promoting social mobility through education assistance schemes for the children of lower earners, …

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Counterblast: Escaping The Gallows Singapore Style, Mark Findlay Feb 2014

Counterblast: Escaping The Gallows Singapore Style, Mark Findlay

Research Collection Yong Pung How School Of Law

The four‐year long struggle by Yong Vui Kong to challenge his mandatory death sentence reveals how life and death decisions can turn on legal niceties. For instance, on 20 November 2009, the President of the Republic of Singapore turned down Yong's plea for clemency and this news was conveyed to the prisoner's brother by his then lawyer three days later. Along with this sad information, he was told that his brother would be hung on 4 December 2009. Yong's brother then engaged the respected human rights advocate, M. Ravi, who was granted an interview with the prisoner two days prior …

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Monetary Regime Choice In Singapore: Would A Taylor Rule Outperform Exchange-Rate Management?, Hwee Kwan Chow, G. C. Lim, Paul D. Mcnelis Feb 2014

Monetary Regime Choice In Singapore: Would A Taylor Rule Outperform Exchange-Rate Management?, Hwee Kwan Chow, G. C. Lim, Paul D. Mcnelis

Research Collection School Of Economics

This paper adopts a dynamic stochastic general equilibrium-vector autorgressive (DSGE-VAR) approach to examine the managed exchange-rate system at work in Singapore. We examine if the country has any reason to fear floating the exchange rate and adopting a Taylor rule. Our results show that, in terms of overall inflation volatility, the exchange rate rule has a comparative advantage over the Taylor rule when export price shocks are the major sources of real volatility, while a Taylor rule dominates when domestic productivity shocks drive real volatility. The exchange-rate rule also dominates the Taylor rule for reducing inflation persistence.

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The Lasting Impact Of Parental Early Life Malnutrition On Their Offspring: Evidence From The China Great Leap Forward Famine, Seonghoon Kim, Quheng Deng, Belton M. Fleisher, Shi Li Feb 2014

The Lasting Impact Of Parental Early Life Malnutrition On Their Offspring: Evidence From The China Great Leap Forward Famine, Seonghoon Kim, Quheng Deng, Belton M. Fleisher, Shi Li

Research Collection School Of Economics

We investigate whether the effects of parents’ in utero malnutrition extend to the second generation (their children). Specifically, we explore whether the second generation’s level of schooling is negatively impacted by their parents’ malnutrition in utero, using the China Famine as a natural experiment. We find that, the impact of mother’s in utero malnutrition due to the Famine reduced second generation male and female entrance into junior secondary school by about 5–7 percentage points. We measure famine severity with provincial excess death rates instrumented by measures of adverse climate conditions, which corrects for possible biases induced by measurement errors and …

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Dynamic Poverty Decomposition Analysis: An Application To The Philippines, Tomoki Fujii Feb 2014

Dynamic Poverty Decomposition Analysis: An Application To The Philippines, Tomoki Fujii

Research Collection School Of Economics

In this paper, we propose a new method of poverty decomposition. Our method remedies the shortcomings of existing methods and has some desirable properties such as time reversion consistency and subperiod additivity. It integrates the existing methods of growth redistribution decomposition and sector-based decomposition, because it allows us to decompose the change in poverty into growth and redistribution components for each group (e.g., regions or sectors) in the economy. We extend our method to include six components and provide an empirical application to the Philippines for the period 1985–2009.

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Singapore Management University Report To Stakeholders 2013 - 2014, Singapore Management University Jan 2014

Singapore Management University Report To Stakeholders 2013 - 2014, Singapore Management University

Report to Stakeholders

Ho Kwon Ping, together with our Board of Trustees and senior leaders, debated vigorously before endorsing a bold and exciting SMU Vision 2025. To achieve its objective of becoming a great university, it requires the institution to be a game-changer in education, a catalyst in cutting-edge research and an exemplar as a leading city university in Asia. Already, the transformative process is off to a quick start with several initiatives being launched (see “President’s State of the University Address 2014: Vision 2025 – Making it Real”). Research that is relevant and makes a positive impact on society is one of …

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From Charity To Change: Social Investment In Selected Southeast Asian Countries, Sonu Chhina, Watanan Petersik, Jacqueline Loh, David Evans Jan 2014

From Charity To Change: Social Investment In Selected Southeast Asian Countries, Sonu Chhina, Watanan Petersik, Jacqueline Loh, David Evans

Lien Centre for Social Innovation: Research

From Charity to Change looks at how social investing is evolving in Indonesia, the Philippines, Singapore and Thailand. It examines the emerging ecosystem for social investment in each of these countries, with a view to identifying gaps and obstacles to the advancement of the field. A section containing reports on current social investing developments Cambodia and Vietnam is also included in this publication.

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Revisiting The Determinants Of Students' Performance In An Undergraduate Accountancy Degree Programme In Singapore, Poh Sun Seow, Gary Pan, Joanne Siok Wan Tay Jan 2014

Revisiting The Determinants Of Students' Performance In An Undergraduate Accountancy Degree Programme In Singapore, Poh Sun Seow, Gary Pan, Joanne Siok Wan Tay

Research Collection School Of Accountancy

The current study investigates the association of prior academic achievement, admission interview, critical thinking, mathematical aptitude and gender with successful academic performance in an undergraduate accountancy degree programme at a Singapore university. The purpose of revisiting the determinants of academic performance in the Singapore context is twofold. First, university accounting education in Singapore has changed greatly since Koh and Koh’s earlier study (1999); the current study examines if determinants previously identified as significant continue to be so in the new setting. Second, the study tests the usefulness of admission interview in identifying applicants who achieve subsequent academic success. Data on …

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Media Coverage And Firm Valuation: Evidence From China, Jiwei Wang, Kangtao Ye Jan 2014

Media Coverage And Firm Valuation: Evidence From China, Jiwei Wang, Kangtao Ye

Research Collection School Of Accountancy

Drawing on both a managerial discipline perspective and an information intermediary perspective, we explore how media coverage of a firm’s controlling shareholder influences firm valuation in corporate China. Using 366 listed family firms in China from 2003 to 2006, we find that firms in which controlling shareholders receive more neutral media reports enjoy higher valuation, whereas negative media reports on controlling shareholders impose adverse effects on firm valuation. Interestingly, favorable media coverage of the controlling shareholders does not enhance firm value. Further analyses reveal that ownership structure and audit quality moderate the relationship between media coverage and firm valuation. Our …

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An Institutional Alchemy: India’S Two Parliaments In Comparative Perspective, Shubhankar Dam Jan 2014

An Institutional Alchemy: India’S Two Parliaments In Comparative Perspective, Shubhankar Dam

Research Collection Yong Pung How School Of Law

India has a parliamentary system. But articled in India’s Constitution is a provision that authorizes the President to occasionally enact legislation without involving Parliament. Such presidential legislation are called ordinances, not Acts; and rather than enact, the President promulgates them. Textually, ordinances are bounded by several ‘controls’. They are limited to circumstances when at least one House of Parliament is not in session, and the President is satisfied that the circumstances are such that immediate action is necessary. And without such formal parliamentary approval after a specified duration, they cease to exist. But after sixty years of constitutional practice these …

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Measuring The Transplantation Of English Commercial Law In A Small Jurisdiction: An Empirical Study Of Singapore’S Insurance Judgments Between 1965 And 2012, Christopher Chen Jan 2014

Measuring The Transplantation Of English Commercial Law In A Small Jurisdiction: An Empirical Study Of Singapore’S Insurance Judgments Between 1965 And 2012, Christopher Chen

Research Collection Yong Pung How School Of Law

This article seeks to measure the development of law after transplanting common law and statutes from another country by conducting an empirical study of the citation of precedents and demography of disputes of insurance cases in Singapore. This article recognizes that there are justifications for Singapore to transplant English insurance law. However, this research shows that the transplantation of English commercial law into a small jurisdiction, even within the common law family, may cause the law to be in a static state if courts do not have enough cases to maintain the development of law or to consider new development …

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Redefining Relevancy And Exclusionary Discretion In Sir James Fitzjames Stephen’S Indian Evidence Act Of 1872: The Singapore Experiment And Lessons For Other Indian Evidence Act Jurisdictions, Siyuan Chen Jan 2014

Redefining Relevancy And Exclusionary Discretion In Sir James Fitzjames Stephen’S Indian Evidence Act Of 1872: The Singapore Experiment And Lessons For Other Indian Evidence Act Jurisdictions, Siyuan Chen

Research Collection Yong Pung How School Of Law

In many jurisdictions, the rules of evidence can often be instrumental in determining the outcome of a dispute. But to what extent can evidence law be controlled by codification, or is it better to leave its regulation and development to the judges via common law? In an attempt to bridge the gap between the rules of an antiquated evidence statute and the modern realities of practice, Singapore’s Evidence Act was amended in 2012. Certain relevancy provisions were amended to allow greater admissibility of evidence, while new provisions were introduced to act as a check against abuse. However, it will be …

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A Wrong Turn In History: Re-Understanding The Exclusionary Rule Against Prior Negotiations In Contractual Interpretation, Yihan Goh Jan 2014

A Wrong Turn In History: Re-Understanding The Exclusionary Rule Against Prior Negotiations In Contractual Interpretation, Yihan Goh

Research Collection Yong Pung How School Of Law

A reason justifying the exclusionary rule against prior negotiations in the interpretation of contracts is its longevity. Yet, the authorities commonly cited in support of the exclusionary rule are mostly traceable to Lord Wilberforce’s speech in the relatively recent case of Prenn v Simmonds. This article suggests that the law took a wrong turn in that case and caused later courts to support the exclusionary rule by recourse to policy-oriented justifications, instead of principle-based ones. The emphasis on policy-oriented justifications, and the recantation of Prenn v Simmonds as reason enough for the exclusionary rule, support an independent rule against prior …

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Law Firm Internships And The Making Of Future Lawyers: An Empirical Study In Singapore, Seow Hon Tan Jan 2014

Law Firm Internships And The Making Of Future Lawyers: An Empirical Study In Singapore, Seow Hon Tan

Research Collection Yong Pung How School Of Law

This article examines the findings of an empirical study of law students from the Singapore Management University on their internship experiences at private law firms. As internships are frequently undertaken by law students, it is necessary for stakeholders to understand their impact on the values and ideals of law students in relation to the law and legal practice. This article seeks to increase the consciousness of law school educators, lawyers, and the professional bar about how law firm internships are contributing to the making of future lawyers, so as to facilitate the reflection by these parties as to their roles …

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Ground-Breaking Of New Building For Smu School Of Law, Singapore Management University Jan 2014

Ground-Breaking Of New Building For Smu School Of Law, Singapore Management University

SMU Press Releases and News

Singapore Management University held the groundbreaking ceremony of its School of Law building today. The event, which was graced by The Honourable Attorney-General Mr Steven Chong, S.C., was attended by 250 distinguished guests, faculty, students, donors, and SMU’s partners in the legal fraternity. The new School of Law building will be a distinctive landmark that will contain state-of-theart facilities used both to enrich the learning experience of SMU law students as well as to involve others within the legal fraternity who are important stakeholders. A key feature integrated into the 22,000 sqm School of Law building is the Kwa Geok …

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Bank Valuation In Malaysia: An Empirical Comparison Of Conventional And Interest-Free (Islamic) Banking Models, Charlie Charoenwong, Ramin Cooper Maysami, David K. Ding Jan 2014

Bank Valuation In Malaysia: An Empirical Comparison Of Conventional And Interest-Free (Islamic) Banking Models, Charlie Charoenwong, Ramin Cooper Maysami, David K. Ding

Research Collection Lee Kong Chian School Of Business

Islamic banking, according to institute for Islamic Banking and Insurance "refers to a system of banking or banking activity that is consistent with the principles of the Shari'ah (Islamic rulings) and its practical application through the development of Islamic economics. Shari'ah prohibits the payment or acceptance of interest charges (riba) for the lending and accepting of money, as well as carrying out trade and other activities that provide goods or services considered contrary to its principles." The thrust of the current article is to examine the underlying factors and variables that guide the valuation of a sample of five Malaysian …

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Sign Up Or Sign Off: Asia’S Reluctant Engagement With The International Criminal Court, Mark Findlay Jan 2014

Sign Up Or Sign Off: Asia’S Reluctant Engagement With The International Criminal Court, Mark Findlay

Research Collection Yong Pung How School Of Law

The International Criminal Court argues that there is a need to achieve universal ratification so that the majority of mankind will no longer remain outside the protection of the ICC. In the Asia/Pacific region there is a relatively low accession rate of nation states to the Rome Statute. This paper proposes a taxonomy of resistance to ratification in the region, recognising that in speculating on the reasons for resistance to the ratification of international criminal justice, local to the global across Asia and the Pacific, there is a risk in both over emphasising cultural and political difference while at the …

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Refocusing The Lens: Singapore's Private Enterprises In China, Caroline Yeoh, Wilfred Pow Ngee How, Ye Zhang Jan 2014

Refocusing The Lens: Singapore's Private Enterprises In China, Caroline Yeoh, Wilfred Pow Ngee How, Ye Zhang

Research Collection Lee Kong Chian School Of Business

In recent years, financial and political instabilities have cooled economic growth in many regions. Even in this context, however, areas of strong growth remain; none, arguably, more prominent than ever-developing and increasingly affluent China, which is today a vastly different environment than even several years ago. More than ever, a wealth of opportunity subsists in this ancient land – and businesses must be able to adapt and seize these opportunities. Thus we turn towards Singapore private enterprise in China, to study once more the efficacy of the city-state's internationalization strategies in the context of the private enterprises which must eventually …

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Governing A Digital Business Ecosystem: Lessons From One.Motoring Portal, Gary Pan, See Liang Foo, Shongye Tan Jan 2014

Governing A Digital Business Ecosystem: Lessons From One.Motoring Portal, Gary Pan, See Liang Foo, Shongye Tan

Research Collection School Of Accountancy

While the IT innovation topic has gathered significant research interests, the existing discourse on IT innovation is centered on internal organizational processes such as IT capability development and organizational learning rather than IT innovation networks as the primary means for achieving superior enterprise performance. This is an important topic because a networked perspective of IT-enabled innovation is a critical dimension for the dynamics of collaborative innovation in today’s networked economy. In particular, the development and implementation of a digital business ecosystem (DBE); a specific type of business ecosystem defined as an IT-enabled business network of entities with differing interests bound …

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Strategies For Surviving In China's Intellectual Property Minefield, David Llewelyn, Peter J. Williamson Jan 2014

Strategies For Surviving In China's Intellectual Property Minefield, David Llewelyn, Peter J. Williamson

Research Collection Yong Pung How School Of Law

Despite a slowdown in China’s GDP growth from the double-digit heights of the last decade, it is still expanding at over 7% per annum – a growth rate that looks more sustainable. Growth in the other major emerging economies including India, Brazil and Russia, by contrast, has all but collapsed, at least for the present. Growth in the developed economies, meanwhile, remains fragile in the wake of their post-2008 financial crisis recessions. It is not surprising, therefore, that the Boards of many foreign companies are counting on winning share in the China market to support their top-line growth in coming …

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Milestones For Animal Welfare: Public Prosecutor V. Ling Chung Yee Roy, Alvin W. L. See Jan 2014

Milestones For Animal Welfare: Public Prosecutor V. Ling Chung Yee Roy, Alvin W. L. See

Research Collection Yong Pung How School Of Law

Animal law is a little-known subject in Singapore. However, the increase in public awareness and concern about animal welfare issues demand that more attention is directed at the legal aspects of such issues. An opportunity to examine this area of the law arose in the case of Ling Chung Yee Roy. The District Court, presided by District Judge Ng Peng Hong, had to decide whether the accused was guilty of an animal cruelty offence under s. 42(1)(e) of the Animals and Birds Act. The majority of animal cruelty complaints were against pet owners, of which a significant number concerned the …

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Further Clarification From The High Court On The Limits To The Constitutional Right To Counsel: James Raj S/O Arokiasamy V Pp [2014] Sghc 10, Siyuan Chen, Kenneth Tan Jan 2014

Further Clarification From The High Court On The Limits To The Constitutional Right To Counsel: James Raj S/O Arokiasamy V Pp [2014] Sghc 10, Siyuan Chen, Kenneth Tan

Research Collection Yong Pung How School Of Law

Article 9(3) of the Constitution1 states that “Where a person is arrested, he … shall be allowed to consult and be defended by a legal practitioner of his choice.” However, art 9(3) does not stipulate the point in time at which an arrested person is entitled to consult counsel. The local jurisprudence over the past few decades have affirmed the interpretation that an arrested person is not entitled to access counsel immediately upon arrest, but only after a reasonable amount of time has elapsed. The High Court in James Raj s/o Arokiasamy v Public Prosecutor (“James Raj”) has now shed …

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Redressing The Patent Imbalance In Genetic Testing, Cheng Lim Saw Jan 2014

Redressing The Patent Imbalance In Genetic Testing, Cheng Lim Saw

Research Collection Yong Pung How School Of Law

In one of the most highly anticipated decisions emanating from the apex Court in the US in recent times, the US Supreme Court in Association for Molecular Pathology v Myriad Genetics Inc was asked to consider, in the main, the patentability of a naturally occurring gene sequence which had been specifically isolated from the human genome. Although the patent was eventually denied, this seminal case will certainly not be the last word on what is clearly a very controversial subject, at least outside of the US.

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