Asian Studies Commons^™

The State-Led Platformisation Of Financial Services: Frictionless Ecosystems And An Expansive Logic Of "Smartness" In Singapore, Orlando Woods, Tim Bunnell, Lily Kong

Research Collection College of Integrative Studies

This article explores the role of the state in driving the platformisation of industry, and in doing so offers a counterpoint to scholarship that focusses on the exploitative effects of private sector-led platformisation. That scholarship views platformisation as the latest incarnation of neoliberal urbanism, with the profit-maximising tendencies of the private sector driving the proliferation of platforms throughout everyday life. Notwith- standing, there remains a need to consider alternative models of platformisation. Drawing on 31 interviews with architects of Singapore’s Smart Nation initiative, we consider the state-led platformisation of financial services. We argue that state-led platformisation can open up marketplaces …

Public Communication Of Audit Risks And Related-Party Transactions: Evidence From China, Ole-Kristian Hope, Heng Yue, Qinlin Zhong

Research Collection School Of Accountancy

This paper examines whether and how firms' engagement in related-party transactions (RPTs) is shaped by public communication of audit risks as required by the expanded audit report. Using the phased regulatory changes in China and a difference-in-differences design with firm fixed effects and matching, we find that firms significantly reduce their RPTs after the adoption of expanded audit reports (EARs). To investigate potential mechanisms, we find that (1) investor scrutiny increases after the adoption of EARs, (2) the reduction of RPTs is more pronounced when EARs are more likely to attract investor attention, and (3) the reduction of RPTs is …

Sustainability Transformation: The Role Of Accountancy And Finance Professionals In The Singapore Manufacturing Sector, Jiwei Wang, Holly I. Yang, Liandong Zhang, Sanli Pinar Darendeli, Ying-Chi Huang

Research Collection School Of Accountancy

Sustainability is already reshaping the Singapore manufacturing sector. The majority of companies surveyed (70%) have started their sustainability transformation in one form or another, and many have initiated discussions. However, on the whole, only 37% of companies have implemented sustainability initiatives, and 21% have reported on sustainability. On the bright side, these percentages are slated to double within 1-3 years. The infusion of sustainability into the manufacturing sector has led to accountancy and finance professionals potentially playing a bigger role in their organisations, particularly in aligning the sustainability objectives with business strategies. The study notes that manufacturing companies are mostly …

The Relationship Between Constitutional Equality And Substantive Review, Wei Yao, Kenny Chng

Research Collection Yong Pung How School Of Law

General equality rights in written constitutions – rights stating the ideal of equality without specifying categories of impermissible differentiation – have often been effected through the idea of equality as rationality. Equality as rationality demands that differentiations between like entities have to be rationally justifiable. Such equality rights are applicable to legislation and executive action. This presents a prima facie overlap with substantive review in common law administrative law, since substantive review is also concerned about the rational justifiability of executive action. This raises three questions: (1) Are both sets of legal principles indeed similar? (2) Have courts managed to …

Money Changers Have Their Own Fintech Disruption To Grapple With, Aurobindo Ghosh

Research Collection Lee Kong Chian School Of Business

In a commentary, SMU Assistant Professor of Finance (Education) and Director of the Citi Foundation-SMU Financial Literacy Programme for Young Adults Aurobindo Ghosh discussed the outlook for money changers in a world of multi-currency apps. He however noted money changers still have a role to play, and shared his views on how money changers can respond to technological disruption.

Rule Violation And Time-To-Enforcement In Weak Institutional Environments: A Good Faith Perspective, Jun Xia, Yusi Jiang, Heli Wang, Yuan Li

Research Collection Lee Kong Chian School Of Business

Previous studies on corporate misconduct have focused mainly on preventing misconduct or remedying it after detection, but it remains unclear how misconduct can be effectively detected in the first place once it occurs. We apply the good faith perspective in the context of China, which represents a weak institutional environment, and argue that the ability of culpable leaders to conceal information may delay misconduct disclosure because such ability helps maintain the good faith of regulators. Moreover, we argue that because the regulators have faith in professionals (external auditors, institutional investors, and securities analysts) whose skills are in fact often underdeveloped …

The Illusory Infrastructure Of Ink: Machinic Bodies And Epidermic Affects In Singapore, Orlando Woods

Research Collection College of Integrative Studies

This paper advances recent theorisations of the body-as-infrastructure by exploring the premise that there are multiple bodily infrastructures at play at any one time. It focusses on three infrastructural formations – the body, the skin that encases the body, and tattoos as visual inscriptions on the skin – that jostle against each other for representational primacy. The layering of infrastructure-upon-infrastructure leads to understandings of the self that exist in a state of tension with societal norms and the illusions of self-representation. Indeed, it is the intersecting gazes of society and the self that cause these infrastructures to become disaggregated, and …

Financial Crisis And Female Entrepreneurship: Evidence From South Korea, Jungho Lee, Sunha Myong

Research Collection School Of Economics

We document a drastic increase in female-owned manufacturing firms in South Korea after the 1997 financial crisis. During the crisis, a major banking sector reform was conducted, and many underperforming bank branches were forced to close down. Using a geographical variation of bank branch closures during the reform, we show that the banking sector reform resulted in a rise in female entrepreneurship. We present evidence that male-owned firms were preferred by the closeddown bank branches, despite female-owned firms exhibiting lower risks and higher returns. The banking sector reform, although not explicitly aimed at addressing gender disparities, substantially benefited female entrepreneurs …

After Great Pain: The Uses Of Religious Folklore In Kenji Mizoguchi’S Sansho The Bailiff (Jp 1954) And Kaneto Shindo’S Onibaba (Jp 1964), Teng-Kuan Ng

Research Collection College of Integrative Studies

This article studies the adaptations and applications of religious folklore in two mas-terworks of Japanese cinema: Kenji Mizoguchi’s Sansho Dayu (Sansho the Bailiff, JP 1954) and Kaneto Shindo’s Onibaba (JP 1964). While academic approaches will often draw a strict line between narrative genres and discursive forms, these films, I argue, draw creatively from Japanese tradition for both critical and constructive purposes in the postwar context. Besides mounting trenchant criticisms of Japan’s erstwhile militaristic violence and imperial ambitions, both filmmakers present their respective female protagonists as models for spiritual and sociocultural transformation in the face of anomie. Embodying humanistic compassion on …

Notes For Contributors, Space And Defense

Space and Defense

No abstract provided.

Cadet Voice: A Curious Trinity: War, Media, And Public Opinion, Laura Olson

Space and Defense

The following USAFA cadet Capstone project from spring 2017 won the Best Undergraduate Class Paper Award from the national Political Science honor society, Pi Sigma Alpha. The article appears, below, as submitted, with allowances for Space & Defense formatting.

August, 2012- President Obama drew a “Red Line” on chemical weapons use in Syria. Just over a year later, a UN report confirmed Syrian chemical use. Two words, spoken by the most powerful man in the world, generated massive media coverage. Around the world, news outlets and people everywhere looked for Washington’s reaction. Words are powerful because of the narrative they …

Arms Control And Deterrence In The Age Of Cross-Domain Coercion, Damon Coletta

Space and Defense

For deterrence, now, first seek arms control. The old relationship linking deterrence, defense, and arms control served U.S. policy makers for decades during the Cold War. It was manifest through the Spirit of Geneva (1955) and the Reykjavik Summit (1986). Much later, during the rise of cross-domain coercion and following Russia’s annexation of Crimea, the same idea reemerged in NATO’s Warsaw Communique (2016).

Building Beyond Samba And Soccer: Why Brazil Ventured A Nuclear Program, Saint-Clair Lima Da Silva

Space and Defense

Contrary to conventional wisdom on Brazil as a case of nuclear proliferation, archival evidence indicates that, rather than geopolitical rivalry with Argentina, enduring desire for national autonomy—honor more than sword or shield—drove Brazil during the 1980s to master its own uranium enrichment cycle.

Communicating Cyber Consequences, Timothy Goines

Space and Defense

More consideration ought to be accorded “loud” cyber weapons for signaling resolve in 21st century deterrence contests.

“Deterrence is at times a necessary or useful instrument of foreign policy, but the correct and prudent use of deterrence strategy is by no means self-evident or easily determined in all circumstances.”

In their seminal text, Alexander L. George and Richard Smoke thoroughly examined the topic of deterrence, tracing its historical roots and conducting case studies on its use. The product of this intense study was a formula that encapsulates the essence of deterrence theory. “In its simplest form, deterrence is merely a …

China's Military Space Strategy: A Dialectical Materialism Perspective, Sam Rouleau

Space and Defense

China’s military space strategy accommodates in significant ways the Chinese Communist Party’s (CCP’s) ideological commitment to dialectical materialism. This Marxian commitment persists and manifests in China’s investment in space power despite the Party’s widely acknowledged development of state capitalism to guide China’s economy.

Editor's Note Volume 11 No. 1, Damon Coletta

Space and Defense

No abstract provided.

Table Of Contents Volume 11 No. 1, Space And Defense

Space and Defense

No abstract provided.

Front Matter Volume 11 No. 1, Space And Defense

Space and Defense

No abstract provided.

Notes For Contributors, Space And Defense

Space and Defense

No abstract provided.

Book Review: The Physics Of Wall Street: A Brief History Of Predicting The Unpredictable By James Owen Weatherall, Brian M. Kruchkow

Space and Defense

A USAFA graduate comments on predicting the unpredictable when surveying new spaces at the frontiers of defense policy.

James Owen Weatherall’s book about the robust interplay of Wall Street and physics is a captivating romp about select physicists as well as a lesson on how finance both succeeds and falls short when it applies mathematical models to predict economic behavior.1 Such a book is a surprising candidate for a review in Space and Defense. Yet the ideas Weatherall presents are innovative, and they offer a framework for thinking about the problems with which this journal is concerned. In fact, The …

Cadet Voice: Hypersonic Weapons' Effect On Stragetic Stability, Darren Sency

Space and Defense

Initial exploration of the relationship between new technologies and strategic stability finds that hypersonic weapons, regardless of which power deploys them, first, could raise the probability of nuclear war.

Managing Criminalized Power Structures: The Predominant Spoilers Of Peace Processes, Michael Dziedzic

Space and Defense

Criminalized Power Structures (CPS) exploit illicit wealth acquisition to usurp political power and constitute a leading source of obstruction when the international community intervenes in states struggling to emerge from civil conflict. Structures operating outside domestic or international law may constitute a crucial barrier or spoiler for UN and coalition peace operations. This held true in the post-Cold War interregnum before 9/11 and is likely to continue for stabilization operations, regardless of outcomes from enormous international security investments in Afghanistan and Iraq. By understanding the different types of spoilers acting across cases, the United States and partners in the international …

Legislating For Humanity's Next Step: Cultivating A Legal Framework For The Mining Of Celestial Bodies, Joseph Crombie

Space and Defense

Rapid expansion in the space sector by state and private sector actors highlights the need for a new legal regulatory framework, particularly regarding property rights. The exploitation of space-based resources through the mining of asteroids is currently subject to a cold-war era international agreement that did not include clear consideration about how future off-world commercial exploitation might be regulated or property rights assigned. This article explores two empirical examples, the International Seabed Authority and the International Telecommunication Union, to determine whether they provide useful models of a future international legal framework for off-world property rights.

The Russian Sapce Sector: Adaptation, Retrenchment, And Stagnation, Bruce Mcclintock

Space and Defense

Senior Leader Essay

Since the collapse of the Soviet Union, Russia focused on its public space sector and consciously chose not to cultivate competitive, private space companies. Russia’s overall space enterprise is now in systemic crisis due to multiple factors and, despite positive rhetoric from the government and with the partial exception of national security space capabilities, faces yet another generation of stagnation.

Editor's Note Volume 10 No.1, Damon Coletta

Space and Defense

No abstract provided.

Table Of Contents Volume 10 No.1, Space And Defense

Space and Defense

No abstract provided.

Front Matter Volume 10 No.1, Space And Defense

Space and Defense

No abstract provided.

Notes For The Contributors, Space And Defense

Space and Defense

No abstract provided.

Book Review: Tom Nichols, The Death Of Expertise: The Campaign Against Established Knowledge And Why It Matters (Ny: Oxford University Press, 2017) 252 Pp., Damon Coletta

Space and Defense

This review is dedicated to Lt Gen (ret.) Brent Scowcroft, twice National Security Advisor and one-time head of the Department of Political Science, U.S. Air Force Academy. If he is looking down on our work today, we hope he liked this book, Death of Expertise, by a much admired Naval War College professor and enjoyed our department’s enthusiasm for participating in the conversation. Thank you, Gen Scowcroft (1925-2020).

Naval War College professor Tom Nichols built upon his popular essay in the Atlantic to deliver a blunt warning.1 After a venomous election in 2016 that swept the incumbent party from power, …

Cadet Voice: Extended Deterrence And Resilience In The Baltic States, Liam J. Connolly

Space and Defense

The following USAFA cadet independent study was supported by the Academy’s Nuclear Weapons & Strategy minor and the Cadet Summer Language Immersion Program to Lithuania. With minor formatting changes, the paper here appears as submitted to the USSTRATCOM Larry D. Welch Writing Award and the summer Deterrence Symposium (Omaha, NE), July 31-Aug. 1, 2019, where it won junior division, first place.

Since the end of the Second World War the United States has practiced extended deterrence as a means of resisting Russian expansion and aggression. In Europe, the US has done this with the support of the North Atlantic Treaty …