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Articles 1 - 30 of 3601
Full-Text Articles in Asian Studies
Public Cleanliness Satisfaction Survey 2025, Paulin Straughan, Mathews Mathew
Public Cleanliness Satisfaction Survey 2025, Paulin Straughan, Mathews Mathew
Research Collection School of Social Sciences
The Singapore Management University undertook the seventh wave of the Public Cleanliness Satisfaction Survey (PCSS), with 2,007 Singapore residents participating in the survey conducted from December 2025 to April 2026.
The findings from the 2025 wave of the PCSS continued to reflect generally high levels of satisfaction with public cleanliness in Singapore. Based on the Public Cleanliness Satisfaction Index, 91% of respondents reported being satisfied with the cleanliness of public spaces they had recently visited. While this represents a slight shift from 94% in 2023, overall satisfaction levels across all public space domains remained high. Continued community responsibility and action …
When Your Neighbours Are A Reminder Of Your Ageing, Cynthia Tan, Yi Wen (Chen Yiwen) Tan
When Your Neighbours Are A Reminder Of Your Ageing, Cynthia Tan, Yi Wen (Chen Yiwen) Tan
ROSA Journal Articles and Publications
In a commentary, Cynthia Tan, a retired senior corporate leader, and Tan Yi Wen, a Senior Research Fellow at SMU’s Centre for Research on Successful Ageing (ROSA), questioned whether the low demand for community care apartments is because seniors do not want only other seniors for company. They noted that most older people do not spend their days dwelling on ageing until everyone around them reminds them that they are growing old. They added that prolonged exposure to such an environment may carry subtle emotional and psychological consequences. Citing a national survey by ROSA, the writers mentioned that eight in …
Tiny Treasures: Cloves In Early Modern English Literature, Emily Soon
Tiny Treasures: Cloves In Early Modern English Literature, Emily Soon
Research Collection School of Social Sciences
This Southeast Asian spice not only sparked fierce international competition, but also featured within the literature of the Global Renaissance.
Navigating Unemployment Without Unemployment Insurance: Evidence From Singapore, Kim, Lanjie Wang
Navigating Unemployment Without Unemployment Insurance: Evidence From Singapore, Kim, Lanjie Wang
Research Collection School Of Economics
This study investigates the short-term impacts of unemployment among older workers (aged 50–62) in Singapore, a setting with-out public unemployment insurance. Using monthly panel data from the Singapore Life Panel, we analyse dynamic effects onmajor life outcomes such as income, spending, health, and subjective wellbeing over 2 years post-unemployment. Our findingsreveal substantial initial earnings losses with incomplete recovery: income remains 50.7% below pre-unemployment levels after24 months. Despite this persistent income gap, total household expenditure declines by 9.8% on average over 2 years (rangingfrom 7% to 16% across months). The implied two-year marginal propensity to consume is about 0.182, smaller than …
The Unintended Consequences Of International Student Shortage: Evidence From South Korea, Chung-Yoon Choi, Syngjoo Choi, Seonghoon Kim, Jongkwan Lee
The Unintended Consequences Of International Student Shortage: Evidence From South Korea, Chung-Yoon Choi, Syngjoo Choi, Seonghoon Kim, Jongkwan Lee
Research Collection School Of Economics
We study the role of international students in the higher education sector and the local economy by exploiting a policy reform in South Korea that restricted the admission of foreign students to local universities. By comparing the pre- and post-reform differences across universities with different pre-reform shares of international student enrollment, we show that an international student shortage resulting from this policy reform significantly worsened the financial outcomes of universities and consequently led to reduced investment in their students. We also document that a reduction in the number of international students in local areas decreased native employment, mainly in low-skilled …
Patent Regime Shift And Firm Innovation Strategy: Evidence From The Second Amendment To China's Patent Law, Tony W. Tong, Wenlong He, Liang Chen, Zi-Lin He, Jiangyong Lu
Patent Regime Shift And Firm Innovation Strategy: Evidence From The Second Amendment To China's Patent Law, Tony W. Tong, Wenlong He, Liang Chen, Zi-Lin He, Jiangyong Lu
Research Collection Lee Kong Chian School Of Business
Research Summary: While changes in intellectual property rights (IPR) protection significantly shape firm innovation, the mechanisms driving firms' responses remain poorly understood. Leveraging the Second Amendment to China's Patent Law, which strengthens appropriability particularly for state-owned enterprises (SOEs), as a natural experiment, we show that stronger IPR has mixed effects on SOEs' innovation. While SOEs increase the rate of innovation subsequent to the Amendment, they shift the direction of innovation toward more familiar areas in which they face a lesser need to adjust existing routines. This directional change suggests a quality decline in SOEs' innovation that may be attributed to …
Mapping Themes, Aligning Strategies: Institutional Research Analytics With Bertopic And Genai, Danping Dong, Pin Pin Yeo
Mapping Themes, Aligning Strategies: Institutional Research Analytics With Bertopic And Genai, Danping Dong, Pin Pin Yeo
FORCE 2026
Libraries and research offices are increasingly tasked with making sense of unstructured institutional data, such as research publications and strategic documents. These insights help inform decision-making and leadership planning. This session shares how SMU Libraries leveraged BERTopic, an open-source topic modeling tool, together with generative AI tools such as ChatGPT and Claude, to extract meaningful insights from faculty publications and support institutional sensemaking.
In one use case, we applied BERTopic to university-authored publications to surface thematic groupings related to research about Asia. Generative AI tools were then used to summarize each cluster into human-readable narratives, enabling research landscape mapping, identification …
Public Acceptance Of Meat-Reduction Policies Across Cultures: Comparing Singapore And Switzerland, Bianca Wassmann, Shu Tian Ng, Mark Chong, Angela K. Y. Leung, Michael Siegrist
Public Acceptance Of Meat-Reduction Policies Across Cultures: Comparing Singapore And Switzerland, Bianca Wassmann, Shu Tian Ng, Mark Chong, Angela K. Y. Leung, Michael Siegrist
Research Collection Lee Kong Chian School Of Business
Purpose – As meat-reduction policies are discussed across the globe, many are met with public resistance. Cultural values may help explain this pushback, yet their role in shaping support for food policy remains poorly understood. This study is the first to apply cultural cognition theory to food policy by examining how cultural worldviews shape the acceptance of meat-reduction interventions in Singapore and Switzerland—two economically developed countries with contrasting cultural profiles. Design/methodology/approach – In an online survey, participants (Singapore: n = 357; Switzerland: n = 495) rated their acceptance of 11 meat-reduction interventions (e.g. taxes, subsidies, labelling). We then analysed to …
The City As Showroom: Singapore And The Rise Of The "Urban Solutions" Industry, Sol Andrew Stokols
The City As Showroom: Singapore And The Rise Of The "Urban Solutions" Industry, Sol Andrew Stokols
Research Collection College of Integrative Studies
This article uses the concept of the “city as showroom” to describe an emergent logic shaping urban development that stems from the growing importance of “urban solutions” as an industry. Focusing primarily on Singapore, the article examines how certain urban districts and high-profile sites are conceptualized as “showrooms” for the infrastructure and urban technologies they aim to export around the world. The idea of the “city as showroom” combines aspects of the curation of a city’s image through showcase districts, as well as “testbed urbanism” seen in certain smart-city projects. Singapore's need to reproduce itself as a model of urban …
Navigating “I” And “We”: Coupled Identity And Spousal Influence In The Physical Activity Of Older Adults, Sapphire H. Lin, Rich Ling, Sonny Rosenthal
Navigating “I” And “We”: Coupled Identity And Spousal Influence In The Physical Activity Of Older Adults, Sapphire H. Lin, Rich Ling, Sonny Rosenthal
Research Collection College of Integrative Studies
This study explored how established dyadic social ties—particularly spousal relationships—influence older adults’ physical activity. While social support is often viewed as a positive force in promoting health behaviours, long-standing spousal dynamics can exert both enabling and constraining effects. Drawing on qualitative interviews with 22 older adults who participated in a field experiment examining the effects of feedback from fitness trackers and spousal influence, this study delves into the relational, individual, and situational factors shaping physical activity patterns. These factors led to both positive and negative outcomes in terms of step counts, goal attainment, and a diminished interdependence in couples’ physical …
Potential Recyclable Materials In Buildings: A Framework For Greenhouse Gas Emissions Assessment Of Residential Buildings In Singapore, Pradeep Alva, Riccardo Talami, Wanyu Pei, Goran Sibenik, Martin Mosteiro-Romero, Clayton Miller, Rudi Stouffs
Potential Recyclable Materials In Buildings: A Framework For Greenhouse Gas Emissions Assessment Of Residential Buildings In Singapore, Pradeep Alva, Riccardo Talami, Wanyu Pei, Goran Sibenik, Martin Mosteiro-Romero, Clayton Miller, Rudi Stouffs
Research Collection College of Integrative Studies
As countries aim to reduce resource consumption and greenhouse gas (GHG) emissions, Whole Life Carbon Assessment (WLCA) has become a vital method for quantifying embodied and operational GHG emissions. However, few studies have conducted WLCA on an urban scale, often addressing operational or embodied GHG emissions in isolation without considering their cumulative impact. This study introduces a city-wide WLCA framework to assess the potential recyclable materials of urban building stock, using Singapore as a case study with 5915 public residential buildings. Upfront GHG emissions are calculated from material intensity and building information, while operational emissions are based on energy use …
Well-Being Of University Students In Singapore, Tina Li Yi Ng, Andree Hartanto, William Tov
Well-Being Of University Students In Singapore, Tina Li Yi Ng, Andree Hartanto, William Tov
Research Collection School of Social Sciences
Singapore provides an insightful case study for university student well-being due to its national culture of competitiveness. Amid a meritocratic society that valorizes academic success as the path to securing one’s future (Ho et al., 1998), educational attainment is central to Singaporean university students’ well-being (Inter-University Network, 2022). In response to Singapore’s increasing incidence of mental health challenges among young adults (Ministry of Health Singapore, 2022), the government and higher education institutes have sought to destigmatize mental health and improve accessibility to related resources. In this chapter, we review the literature on the well-being of Singaporean university students. We situate …
Engineering Immunity? Biotechnical Governance And The Experimental Failures Of Project Wolbachia In Singapore, Siew Ying Shee, Orlando Woods, Sayd Randle
Engineering Immunity? Biotechnical Governance And The Experimental Failures Of Project Wolbachia In Singapore, Siew Ying Shee, Orlando Woods, Sayd Randle
Research Collection School of Social Sciences
This paper introduces the idea of ‘experimental failure’ to critically interrogate the limits of engineering biological systems for urban governance. Whilst experimentation through projects related to smart cities and eco-cities has garnered significant attention, biotechnical experiments––which manipulate living organisms through technology––remain underexplored. Unlike interventions leveraging non-living, inanimate systems, engineering life must contend with ecological ‘unruliness’ and social uncertainties. These complexities often resist straightforward quantification and exceed conventional evaluation frameworks, demanding a rethinking of what constitutes ‘success’ and ‘failure’ in such interventions. Drawing on ethnographic research with public health officers, pest management professionals and residents in Singapore, we analyse the government-led …
Not Retirement, But A Rewiring And Fresh Perspectives Post-Dbs, Says Piyush Gupta [Interview With Business Times], Su Shyan Lee, Piyush Gupta
Not Retirement, But A Rewiring And Fresh Perspectives Post-Dbs, Says Piyush Gupta [Interview With Business Times], Su Shyan Lee, Piyush Gupta
Oral History Collection
In an interview with The Business Times, SMU Chairman Piyush Gupta discussed topics ranging from meditation and conservation to the future of education. On his role at SMU, he emphasised his desire to help shape tertiary education and noted that the rise of AI makes it critical to rethink how we learn. Mr Gupta believes that in an AI-driven world, students must move beyond domain knowledge to focus on interpreting information, "connecting the dots," and engaging others with genuine empathy. He is supportive of a more experiential curriculum at SMU — one that focuses on regional exposure through internships and …
Using Satellite-Observed Geospatial Inundation Data To Identify The Impacts Of Floods On Firm-Level Performance: The Case Of China During 2000–2009, Pao-Li Chang, Fan Zheng
Using Satellite-Observed Geospatial Inundation Data To Identify The Impacts Of Floods On Firm-Level Performance: The Case Of China During 2000–2009, Pao-Li Chang, Fan Zheng
Research Collection School Of Economics
This paper compiles high-resolution geospatial inundation areas of China for the period 2000–2009 based on satellite imagery repositories filtered by the Global Flood Database (GFD). In parallel, we geocode a comprehensive firm-level dataset of China and combine these two sets of geospatial data to identify the set of inundated firms in each year of flood events, as well as the distances of all non-inundated firms from the inundated areas. Given the high-resolution inundation data, we adopt a generalized dynamic-panel specification to estimate dynamic and spatial spillover effects of floods on firm-level production activities (including outputs, capital and labor inputs, and …
Childlessness And Advance Care Planning In Midlife And Late Adulthood: A Mixed-Methods Study In Singapore, Bussarawan Teerawichitchainan, Dahye Kim, Pearlyn Hui Min Hui, Christine Ho
Childlessness And Advance Care Planning In Midlife And Late Adulthood: A Mixed-Methods Study In Singapore, Bussarawan Teerawichitchainan, Dahye Kim, Pearlyn Hui Min Hui, Christine Ho
Research Collection School Of Economics
Advance care planning (ACP) is critical for ensuring high-quality, cost-effective end-of-life care and is typically facilitated by spouses and adult children. Yet, the growing number of older adults without children has been overlooked in ACP research. This study employs a mixed-methods approach to examine ACP practices and perceptions among childless adults aged 50+ in Singapore, a rapidly aging society with one of the world's highest childlessness rates. Quantitative analyses draw on nationwide survey data (N = 1,500), complemented by interviews with childless respondents (N = 26). We examine multiple dimensions of ACP: formal ACP (e.g., living wills, Lasting Power of …
Miserly Thinking: Understanding The Factors Shaping Public Support Towards Project Wolbachia In Singapore, Shirley S. Ho, Agnes S. F. Chuah, Fiona J. W. Goh, Nova Mengxia Huang, Mengxue Qu, Hye Kyung Kim, Sonny Rosenthal
Miserly Thinking: Understanding The Factors Shaping Public Support Towards Project Wolbachia In Singapore, Shirley S. Ho, Agnes S. F. Chuah, Fiona J. W. Goh, Nova Mengxia Huang, Mengxue Qu, Hye Kyung Kim, Sonny Rosenthal
Research Collection College of Integrative Studies
Project Wolbachia is a vector control method that releases male Wolbachia-infected Aedes mosquitoes to curb dengue transmission in Singapore. While research has primarily focused on its efficacy, few studies have examined public opinion. This study draws upon the cognitive miser model and scientific literacy model to examine the factors shaping public support for Project Wolbachia. A nationally representative door-to-door survey was conducted in Singapore (N = 1,000) using multi-stage stratified random sampling. Our findings revealed that while knowledge about Project Wolbachia explains public support, laypeople may often rely on cognitive shortcuts, such as value predispositions, media attention, and pre-existing perceptions, …
Spiritual Gentrification Amid The Rise Of Platform Urbanism: "Wanghong Temples" And Emerging Buddhist Cultural Economies In Tianzhu Road, Hangzhou, China, Han Zhang, Junxi Qian, Lily Kong
Spiritual Gentrification Amid The Rise Of Platform Urbanism: "Wanghong Temples" And Emerging Buddhist Cultural Economies In Tianzhu Road, Hangzhou, China, Han Zhang, Junxi Qian, Lily Kong
Research Collection School of Social Sciences
This study scrutinizes how the Tianzhu Road in the Lingyin Community - a peri-urban area in Hangzhou ringed by a cluster of temples that constitutes a distinct spiritual enclave - has been reworked through a two-phase gentrification process driven by the spiritual aesthetics and platform logics. Drawing on a two-month ethnography and media content analysis, this study conceptualizes spiritual gentrification as a spiritual aesthetics and culture-oriented recalibration of urban space in which spiritual elements operate as symbolic capital, attracting culturally motivated entrepreneurs and aligning the spiritual atmosphere with slow-life values as an alternative to urban modernity. In particular, platform urbanism …
The Smallholder’S Dilemma In Agroecological Transitions: The Diseconomy Of Agroecology For Small Farmers In Industrial Agriculture, Qian Forrest Zhang
The Smallholder’S Dilemma In Agroecological Transitions: The Diseconomy Of Agroecology For Small Farmers In Industrial Agriculture, Qian Forrest Zhang
Research Collection School of Social Sciences
A scalar contradiction exists between agroecology's three goals: while ecological sustainability is best pursued at the landscape scale, social equity and livelihood goals often require organizing production at the small scale of family farms. In China's ‘industrial agriculture of small farmers’, ecological farming practices became economically unviable at small farmers' minuscule scales. Agroecological transitions almost always first go through a scale expansion, a process fraught with tension. The empirical analysis focuses on three ‘ecological farms’ that enjoyed favorable conditions unattainable to smallholders. Yet, lock-ins across five dimensions have either made their operations economically unsustainable or forced compromises in agroecological principles.
Retail Behaviours And Preferences Of Older Adults In Suburban Malls, Le Ha Linh Phan, Kenneth Choo, Emi Loh, Wensi Lim
Retail Behaviours And Preferences Of Older Adults In Suburban Malls, Le Ha Linh Phan, Kenneth Choo, Emi Loh, Wensi Lim
ROSA Research Briefs
Singapore’s population is ageing rapidly, with projections indicating that one in four Singaporeans will be aged 65 and above by 2030 (Iparraguirre, 2019). This demographic shift presents significant opportunities for the Silver economy, which refers to economic activities, products, and services designed to meet the needs of older adults. As the market for products that enhance seniors’ quality of life expands (Wong, 2007), the Silver retail sector, comprising businesses that provide age-friendly goods and services, has become an increasingly important component of this landscape (Colurcio et al., 2022).
Smu Launches Longevity Societies And Economies Institute To Advance Knowledge And Innovation For Singapore’S Longevity Transition, Singapore Management University
Smu Launches Longevity Societies And Economies Institute To Advance Knowledge And Innovation For Singapore’S Longevity Transition, Singapore Management University
SMU Press Releases and News
Singapore Management University (SMU) launched the SMU Longevity Societies and Economies Institute (LSEI) which will focus on the economic and societal transitions needed for economies and societies to continue thriving despite an ageing population. The new institute will consolidate SMU’s ageing-related research and drive an interdisciplinary agenda to build resilient and opportunity-rich longevity societies and economies.
A Market Of Care Skills: Profiting From Professional Education And Practice, Yasmin Y. Ortiga
A Market Of Care Skills: Profiting From Professional Education And Practice, Yasmin Y. Ortiga
Research Collection School of Social Sciences
Who profits from the commodification of care and how does such accumulation occur? Focusing on the case of the nursing care market, this paper shows how professional schools and local hospitals within source nations like the Philippines profit from nurses seeking the credentials to qualify for jobs overseas. While existing studies show how nursing skills are exploited and undervalued, this paper argues that it is the process of skilling itself that allows for the accumulation of profit, regardless of whether nurses leave their origin countries to work abroad. This study reveals how global care economies are tightly linked to local …
High-Frequency Functional Trajectories Predict Depressive Worsening In Singapore's Community-Dwelling Older Adults, Kaung Htet Tun Salai, Yi Wen Tan, Grace Cheong, Paulin T. Straughan
High-Frequency Functional Trajectories Predict Depressive Worsening In Singapore's Community-Dwelling Older Adults, Kaung Htet Tun Salai, Yi Wen Tan, Grace Cheong, Paulin T. Straughan
ROSA Journal Articles and Publications
Background/Objectives: Functional difficulty and depression often coexist in older adults, yet local Singapore-based research often lacks detailed temporal resolution due to heterogeneity in ageing. This study employs non-parametric, data-driven longitudinal clustering to analyse functional trajectories and their association with depression, using high-frequency data to pinpoint key intervention periods. Methods: Data were drawn from 4273 community-dwelling older adults from Singapore Life Panel® (2020–2024). Participants completed quarterly self-reported assessments of ADL, IADL and depressive symptoms (8-item CES-D). We employed k-means longitudinal clustering (kml) to identify functional trajectory groups and Cox regression to evaluate the hazard of increased depression (≥5-point increase in …
Knowledge Of Lifespan And Healthspan And Interest In Healthy Longevity Medicine Among The General Population In Singapore: The Singapore Healthy Longevity (Helo) Survey, Jonas John Posko Amalaraj, Belinda Wang, Anna Szucs, Louis Island, Laureen Yi-Ting Wang, Liz J. Horberg, Paul A. O'Keefe, Sonny Rosenthal, Yap-Seng Chong, Johannes J. Meij, Andrea B. Maier
Knowledge Of Lifespan And Healthspan And Interest In Healthy Longevity Medicine Among The General Population In Singapore: The Singapore Healthy Longevity (Helo) Survey, Jonas John Posko Amalaraj, Belinda Wang, Anna Szucs, Louis Island, Laureen Yi-Ting Wang, Liz J. Horberg, Paul A. O'Keefe, Sonny Rosenthal, Yap-Seng Chong, Johannes J. Meij, Andrea B. Maier
Research Collection College of Integrative Studies
Given the growing global interest in Healthy Longevity Medicine (HLM), the field lacks understanding about public knowledge and interest, which are crucial for any public health intervention relying on HLM. This study presents findings from the Healthy Longevity (HELO) survey conducted in Singapore, assessing public knowledge regarding lifespan (number of years a person is alive), healthspan (number of years a person spends in good health), and interest in HLM. This nationwide cross-sectional survey, conducted between June and August 2024, involved 3034 participants. Main domains including questions on demographics, living arrangements, medical information, health behaviours, income and financial status were tested …
Success And Flourishing In Singapore: The Impact Of Laws And Policies On The Ethos And Character Of A People, Seow Hon Tan
Success And Flourishing In Singapore: The Impact Of Laws And Policies On The Ethos And Character Of A People, Seow Hon Tan
Research Collection Yong Pung How School Of Law
According to virtue jurisprudence, good laws can be conducive to virtuous living; poor laws can contribute to character vices and entrench prejudices. This article focuses on what lies beyond the strict categorization of virtue and vice simpliciter—the ethos and mindset of a people. Using a case study of Singapore, this article examines how law, conceived of in the broadest sense as including policies chosen in a legal regime that leaves the concretization of policies to government bodies, can diminish the capacity and desire of individuals to live examined lives in pursuit of eudaimonia or flourishing. Insofar as living examined lives …
Cultural Policy Beyond Economy: Democratising Access To The Arts Through Cultural Policy In Singapore, Su Fern Hoe
Cultural Policy Beyond Economy: Democratising Access To The Arts Through Cultural Policy In Singapore, Su Fern Hoe
Research Collection School of Social Sciences
Across the globe, governments have released cultural policies that aim to justify public expenditure on the arts through democratising access to the arts to the wider population. Singapore is no exception. This article critically examines the role of cultural policy in expanding access to the arts in Singapore. More specifically, this article will demonstrate how cultural policy in Singapore has traditionally and consistently adopted a democratisation of culture approach to broaden access to develop arts audiences. Through an analysis of cultural policy documents and statistical data on arts attendance and attitudes in Singapore, this article will highlight some of the …
Living Well: The Built, Lived, And Social Determinants Of Well-Being, Yi Wen Tan, Zidane Tiew, Emi Loh, Shania Go, Wensi Lim
Living Well: The Built, Lived, And Social Determinants Of Well-Being, Yi Wen Tan, Zidane Tiew, Emi Loh, Shania Go, Wensi Lim
ROSA Research Briefs
As Singapore transitions into a super-aged society, it becomes imperative for us to develop sustainable, inclusive, and effective models of care. In recent years, there has been growing emphasis on embedding healthcare, social services, and everyday amenities within the community. During this year’s National Day Rally, the Government introduced Age Well Neighbourhoods, a new scheme that builds on existing efforts from the Age Well SG initiative. Age Well Neighbourhoods seeks to expand active ageing centre networks, bring healthcare closer to homes with the establishment of community health posts, and provide greater home personal care services, further cementing its focus on …
Modernising Wills For A Smart Nation, Hang Wu Tang, Edward Ti
Modernising Wills For A Smart Nation, Hang Wu Tang, Edward Ti
Research Collection Yong Pung How School Of Law
In a commentary, SMU Lee Kong Chian Professor of Law Tang Hang Wu and SMU Associate Dean (Undergraduate Curriculum and Teaching) and Associate Professor of Law Edward Ti highlighted that Singapore has digitalised almost everything around the will, but not the will itself. Prof Tang and Assoc Prof Ti noted that the current legislation insists that the will itself remains a paper ritual, which is not just an inconvenience but also risks Singapore’s competitiveness. They argued that Singapore should modernise without compromising on steps to prevent fraud and undue influence. They highlighted that the law should be modernised so that …
A Social Norm Perspective On Distorted Information In China, Zhe Li, Massimo Massa, Nianhang Xu, Hong Zhang
A Social Norm Perspective On Distorted Information In China, Zhe Li, Massimo Massa, Nianhang Xu, Hong Zhang
Research Collection Lee Kong Chian School Of Business
Can social norms give rise to distorted information in China? We observe that China’s leading social norm related to alcohol consumption and social drinking enhance earnings management. An analysis of toxic alcohol scandals supports a causal interpretation. Further evidence suggests that the influence of alcohol may come from the negative externality that it creates, which is propagated by corporate leaders and cannot be attenuated by market-oriented institutions. Our results reveal a social norm externality that may have important normative implications.
There Is No One-Size-Fits-All Approach To Sovereign Finance, Guan Seng Khoo, Annie Koh
There Is No One-Size-Fits-All Approach To Sovereign Finance, Guan Seng Khoo, Annie Koh
Research Collection Lee Kong Chian School Of Business
In a commentary, SMU Professor Emeritus of Finance (Practice) Annie Koh and Khoo Guan Seng, Asia-Pacific advisory council member of the SWF Academy and EU-Asean Centre, opined that in a volatile world, the strength of a sovereign wealth fund lies in its ability to fulfil its specific, sovereign purpose. Prof Koh and Mr Khoo said that sovereign wealth funds are bespoke instruments of national policy, and in the world of sovereign capital, one size does not, and cannot, fit all. They noted that each fund is a reflection of a country’s unique ambitions, its resource endowments and its specific fears …