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Articles 1 - 30 of 4306

Full-Text Articles in Social and Behavioral Sciences

Political Connections And The Value Of Cash Holdings, Yuanto Kusnadi Sep 2019

Political Connections And The Value Of Cash Holdings, Yuanto Kusnadi

Research Collection School Of Accountancy

This study examines how political connections influence the value of cash holdings in an international setting. The main finding reveals that political connections are not associated with the value of cash holdings in the overall sample. However, further analysis demonstrates that political connections are negatively associated with the value of cash holdings for firms inemerging markets and in countries with high levels of corruption. Moreover, the negative valuation of cash holdings is driven by firms that are connected through large shareholders. Overall, the findings provide new insights into the value relevance of cash holdings, especially for politically connected firms.


Designing Policies In Uncertain Contexts: Entrepreneurial Capacity And The European Emission Trading Scheme, Ishani Mukherjee, Sarah Giest Sep 2019

Designing Policies In Uncertain Contexts: Entrepreneurial Capacity And The European Emission Trading Scheme, Ishani Mukherjee, Sarah Giest

Research Collection School of Social Sciences

The paper focuses on enterprising agents in policy formulation and design by looking at their capacity of dealing with different levels of uncertainty. In climate policy specifically, different degrees and types of uncertainties pose a challenge to policymakers. Policy entrepreneurs and the combination of their analytical, operational and political competences are a relevant component in reducing ambiguity in policy design and translating broad policy goals to operational programmes and specific policy instruments. Using the case of the European Emission Trading Scheme, we suggest that the success of policy entrepreneurs in catalysing policy change is determined by their capacity to work ...


Singapore As A Centre For International Commercial Litigation: Party Autonomy To The Fore, Adeline Chong, Man Yip Jun 2019

Singapore As A Centre For International Commercial Litigation: Party Autonomy To The Fore, Adeline Chong, Man Yip

Research Collection School Of Law

This article considers two recent developments in Singapore private international law: the establishment of the Singapore International Commercial Court and the enactment of the Hague Convention on Choice of Court Agreements 2005 into Singapore law. These two developments are part of Singapore’s strategy to promote itself as an international dispute resolution hub and are underscored by giving an enhanced role to party autonomy. This article examines the impact of these two developments on the traditional rules of private international law and whether they achieve the stated aim of positioning Singapore as a major player in the international litigation arena.


Tax Uncertainty And Business Activity, Jungho Lee, Jianhuan Xu Jun 2019

Tax Uncertainty And Business Activity, Jungho Lee, Jianhuan Xu

Research Collection School Of Economics

We investigate the extent to which uncertainties about tax policies affect business activities. We develop a statewide tax-uncertainty measure (TU measure) and show that it captures state corporate tax uncertainty. By comparing adjacent counties across state borders, we show that increasing tax uncertainty by one standard deviation (a 30% increase in the TU measure) leads to a 0.17% point per-year decrease in the growth rate of establishments over two years. The result holds after conducting a variety of robustness checks and is not likely to be driven by general state-policy uncertainties.


Why Do Businesses Grow Faster In Urban Areas Than In Rural Areas?, Lee, Jungho, Jianhuan Xu Jun 2019

Why Do Businesses Grow Faster In Urban Areas Than In Rural Areas?, Lee, Jungho, Jianhuan Xu

Research Collection School Of Economics

We document that growth of business earnings is mostly observed among young firmsin metro areas. Three explanations are considered: metro areas attract more-productiveentrepreneurs, and reaching the optimal size takes time due to borrowing constraints;metro areas provide better learning opportunities; and high operating costs in metroareas allow only the productive firms to survive. We use a firm-dynamics model with alocation choice to quantify the extent to which the three theories explain the data. Wefind the first two theories largely explain the high growth among metro, young firms. Ourmodel also suggests the distortion in entrepreneurs’ location choice can induce substantialwelfare loss.


A Smoothed Q-Learning Algorithm For Estimating Optimal Dynamic Treatment Regime, Yanqin Fan, Ming He, Liangjun Su, Xiao-Hua Zhou Jun 2019

A Smoothed Q-Learning Algorithm For Estimating Optimal Dynamic Treatment Regime, Yanqin Fan, Ming He, Liangjun Su, Xiao-Hua Zhou

Research Collection School Of Economics

In this paper we propose a smoothed Q-learning algorithm for estimating optimal dynamic treatment regimes. In contrast to the Q-learning algorithm in which non-regular inference is involved, we show that under assumptions adopted in this paper, the proposed smoothed Q-learning estimator is asymptotically normally distributed even when the Q-learning estimator is not and its asymptotic variance can be consistently estimated. As a result, inference based on the smoothed Q-learning estimator is standard. We derive the optimal smoothing parameter and propose a data-driven method for estimating it. The finite sample properties of the smoothed Q-learning estimator are studied and compared with ...


Global Value Chains And The Cptpp, Pao-Li Chang, Tran Bao Phuong Nguyen Jun 2019

Global Value Chains And The Cptpp, Pao-Li Chang, Tran Bao Phuong Nguyen

SMU Economics and Statistics Working Paper Series

The CPTPP, or the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, is an example of a “mega-regional” free trade agreement, whose provisions on the rules of origin and trade facilitation can have potentially large impacts on the CPTPP-wide supply chains. In this paper, we investigate whether the CPTPP members are key upstream and downstream trade partners to each other in the global value chains. We develop formulas of bilateral upstreamness and downstreamness, based on the gross-export decomposition framework of Koopman, Wang and Wei (2014) and Borin and Mancini (2017). We demonstrate how the decomposition of gross exports can be used ...


The Stigma That Keeps Consultants From Using Flex Time, Alison T. Wynn, Aliya Hamid Rao May 2019

The Stigma That Keeps Consultants From Using Flex Time, Alison T. Wynn, Aliya Hamid Rao

Research Collection School of Social Sciences

Part-time options at McKinsey & Company. Mass Career Customization and 3-4-5 travelschedules at Deloitte. Predictable Time Off at Boston Consulting Group.


The Quest For Replicability: A Review Of Research Data Policies In Economics Journals, Melody Chin, Danping Dong May 2019

The Quest For Replicability: A Review Of Research Data Policies In Economics Journals, Melody Chin, Danping Dong

Research Collection Library

Research data openness serves as best practice and plays a critical role in facilitating the replicability and reproducibility of published research. In the field of Economics, journal data policies have been instrumental in encouraging the sharing of data and code, especially when the requirements are strict and enforceable. It is also evident that in recent years, increasing number of journals now has some form of research data policy in place. This paper attempts to analyze the data policies of the 74 general and field-specific Economics journals listed in the ranking database as part of the Tilburg University Top 100 Worldwide ...


Keep Calm And Collaborate For Impact, Gulcin Cribb May 2019

Keep Calm And Collaborate For Impact, Gulcin Cribb

Research Collection Library

No abstract provided.


Infiltrating The Business School … How We Lounged Our Way!, Sumita Govindan, Redzuan Abdullah, Rajendra Munoo May 2019

Infiltrating The Business School … How We Lounged Our Way!, Sumita Govindan, Redzuan Abdullah, Rajendra Munoo

Research Collection Library

The Business Librarians Team at SMU Libraries tested out embedded librarianship at the School of Business. The objectives were to: a. Bring closer support for faculty, especially in research productivity, teaching and information needs to where they are and when they need help. b. Be available for face-to-face consultation with faculty, staff and postgraduate students. c. Build a closer working relationship with the LKCSB community.


Small Data, Small Steps: Lessons From Assessing The Investment Studio, Jiaxin Low May 2019

Small Data, Small Steps: Lessons From Assessing The Investment Studio, Jiaxin Low

Research Collection Library

Singapore Management University’s (SMU) Li Ka Shing Library was renovated in 2014. During the renovation, the Investment Studio was created within the library to house high-end financial databases such as Bloomberg and Thomson Reuters (now Refinitiv). Usage of the space was assessed using quantitative and qualitative data, comparing the first academic terms across two academic years, 2017 and 2018. The data provided evidence to support anecdotal evidence and library staff’s knowledge and observation. The assessment resulted recommendations for further action. It also provided opportunity to engage with users and stakeholders of this unique space.


The Modern Library And Its Roles In Publishing And Research Support: An Example From Singapore Management University, Pin Pin Yeo May 2019

The Modern Library And Its Roles In Publishing And Research Support: An Example From Singapore Management University, Pin Pin Yeo

Research Collection Library

¡Modern libraries face challenges in playing roles and how they can show value in the research cycle of their institution. The presentation will show how the Singapore Management University (SMU) Libraries play a part in publishing and research support services. The Library is the owner of the SMU research publications system and it showcases SMU publications and also provides the full text where possible in the SMU repository called InK. Some examples of how the information is used and what faculty think about having their publications in InK will be shared. The Library is also involved in assessment by providing ...


Seeking And Ensuring Interdependence: Commitment Desirability And The Initiation And Maintenance Of Close Relationships, Kenneth Tan, Christopher R. Agnew, Benjamin W. Hadden May 2019

Seeking And Ensuring Interdependence: Commitment Desirability And The Initiation And Maintenance Of Close Relationships, Kenneth Tan, Christopher R. Agnew, Benjamin W. Hadden

Research Collection School of Social Sciences

The current research offers and examines the concept of commitment desirability, defined as the subjective desire to be involvedin a committed romantic relationship at a given time. In pursuing their desire for a committed romance, how do individualshigh in commitment desirability strategically ensure success? We suggest that high perceived partner commitment is soughtby individuals who themselves desire to be involved in a committed relationship. In three studies involving individuals bothcurrently involved and not involved in a relationship, we found support for the hypothesized interactive effect of commitmentdesirability and perceived partner commitment, such that greater commitment desirability was associated with more ...


Constructed Response Formats And Their Effects On Minority-Majority Differences And Validity, Filip Lievens, Paul R. Sackett, Jeffrey Dahlke, Janneke Oostrom, Britt De Soete May 2019

Constructed Response Formats And Their Effects On Minority-Majority Differences And Validity, Filip Lievens, Paul R. Sackett, Jeffrey Dahlke, Janneke Oostrom, Britt De Soete

Research Collection Lee Kong Chian School Of Business

The inflow of immigrants challenges organizations to consider alternative selection procedures that reduce potential minority (immigrants)-majority (natives) differences, while maintaining valid predictions of performance. To deal with this challenge, this paper proposes response format as a practically and theoretically relevant factor for situational judgment tests (SJTs). We examine a range of response format categories (from traditional multiple-choice formats to more innovative constructed response formats) and conceptually link these response formats to mechanisms underlying minority-majority differences. Two field experiments are conducted with SJTs. Study 1 (274 job seekers) contrasts minority-majority differences in scores on a multiple-choice versus a written constructed ...


The Constitutionality Of Ouster Clauses: Nagaenthran A/L K Dharmalingam V Attorney-General [2018] Sghc 112, Benjamin Joshua Ong May 2019

The Constitutionality Of Ouster Clauses: Nagaenthran A/L K Dharmalingam V Attorney-General [2018] Sghc 112, Benjamin Joshua Ong

Research Collection School Of Law

Section 33B(4) of Singapore’s Misuse of Drugs Act purportedly partly ousts judicial review of the Public Prosecutor’s determination of whether a drug trafficker has substantively assisted the anti-drug enforcement agency. This paper argues that Singapore’s High Court erred in holding this provision constitutionally valid. Ouster clauses are unconstitutional vis-à-vis Articles 12(1) and 93 of the Constitution; the High Court’s view does not accord with the law on non-justiciability, and is premised on a flawed theory of legislative intention. It is no answer that judicial power is subject to a ‘balance’ which renders a partial ...


Strong Consistency Of Spectral Clustering For Stochastic Block Models, Liangjun Su, Wuyi Wang, Yichong Zhang May 2019

Strong Consistency Of Spectral Clustering For Stochastic Block Models, Liangjun Su, Wuyi Wang, Yichong Zhang

Research Collection School Of Economics

In this paper we prove the strong consistency of several methods based on the spectral clustering techniques that are widely used to study the community detection problem in stochastic block models (SBMs). We show that under some weak conditions on the minimal degree, the number of communities, and the eigenvalues of the probability block matrix, the K-means algorithm applied to the eigenvectors of the graph Laplacian associated with its first few largest eigenvalues can classify all individuals into the true community uniformly correctly almost surely. Extensions to both regularized spectral clustering and degree-corrected SBMs are also considered. We illustrate the ...


Estimating Selection Models Without Instrument With Stata, Xavier D’Haultfœuille, Arnaud Maurel, Xiaoyun Qiu, Yichong Zhang May 2019

Estimating Selection Models Without Instrument With Stata, Xavier D’Haultfœuille, Arnaud Maurel, Xiaoyun Qiu, Yichong Zhang

Research Collection School Of Economics

This article presents the eqregsel command for implementing the estimationand bootstrap inference of sample selection models via extremal quantile regression. The command estimates a semiparametric sample selection model withoutinstrument or large support regressor, and outputs the point estimates of the ho-mogenous linear coefficients, their bootstrap standard errors, as well as the p-valuefor a specification test.


Looking Beyond The Vague Terms In Singapore's Fake News Laws, Benjamin Joshua Ong May 2019

Looking Beyond The Vague Terms In Singapore's Fake News Laws, Benjamin Joshua Ong

Research Collection School Of Law

Protection from Online Falsehoods andManipulation Act (Pofma), some criticised it for being too vague. Pofma contains words and phrases whose meaning is not explicitlyclear, e.g. statements that are “falseor misleading”, but does not define “misleading”. But case law gives us aclearer understanding of what “misleading” means


Housing Equity And Household Consumption In Retirement: Evidence From The Singapore Life Panel, Lipeng Chen, Liang Jiang, Sock Yong Phang, Jun Yu May 2019

Housing Equity And Household Consumption In Retirement: Evidence From The Singapore Life Panel, Lipeng Chen, Liang Jiang, Sock Yong Phang, Jun Yu

Research Collection School Of Economics

We utilize data from the Singapore Life Panel© survey to empirically investigate the impact of housing equity on consumption of elderly households. Based on panel analysis, we find housing equity value has no significant impact on non-durable consumption for elderly people. The conclusion holds for a battery of robustness check. Moreover, heterogeneity analyses based on subsamples by age of household head, house type, and number of property possessed also show no significant impact of housing equity on consumption in general. Finally, we use scenario analysis to study the Lease Buyback Scheme (LBS), a novel housing equity monetization scheme which allows ...


Mixed Bayesian Implementation In General Environments, Takashi Kunimoto May 2019

Mixed Bayesian Implementation In General Environments, Takashi Kunimoto

Research Collection School Of Economics

A social choice rule is said to be mixed Bayesian implementable if one can design a mechanism (or institution) in which the set of all mixed Bayesian Nash equilibrium outcomes coincides with that specified by the rule. The objective of this paper is to generalize the results of mixed Bayesian implementation. By means of example, I first assess the implication of common priors in Bayesian implementation. Second, I identify a mild condition that fills the gap between the necessity and sufficiency for mixed Bayesian implementation in general environments including non-economic ones. Third, I establish some new results to unify the ...


Equal-Quantile Rules In Resource Allocation With Uncertain Needs, Yan Long, Jay Sethuraman, Jingyi Xue May 2019

Equal-Quantile Rules In Resource Allocation With Uncertain Needs, Yan Long, Jay Sethuraman, Jingyi Xue

Research Collection School Of Economics

A group of agents have uncertain needs on a resource, and the resource has to be divided before uncertainty resolves. We propose a class of division rules we call equal-quantile rules, parameterized by λ ∈ (0, 1]. The parameter λ is a common maximal probability of satisfaction — the probability that an agent’s realized need is no more than his assignment — imposed on all agents. Thus, the maximal assignment of each agent is his λ-quantile assignment. If the endowment of the resource exceeds the sum of the agents’ λ-quantile assignments, each agent receives his λ-quantile assignment and the resource is not ...


Counselling Referral For University Students: A Phenomenological Study From The Teachers’ Perspective, Poh Yaip, Steven Ng, Yee Lin Chung May 2019

Counselling Referral For University Students: A Phenomenological Study From The Teachers’ Perspective, Poh Yaip, Steven Ng, Yee Lin Chung

Research Collection School of Social Sciences

This small-scale pilot study analysed the input of two university teachers regarding their approaches, attitudes and understanding regarding counselling referrals for students in a university setting in Singapore. Data were collected through semi-structured interviews. Using interpretative phenomenological analysis, four main categories of themes were defined from the findings: referral procedures, challenges/difficulties, support and awareness. The academic teaching staff has an important role in the holistic development of students by helping them obtain counselling referrals. The key issues raised are outlined for consideration by policymakers, academic teaching staff and practitioners both within and outside of Singapore. The findings are discussed ...


Making Ethnic Tourism Good For The Poor, Jean Junying Lor, Shelly Kwa, John A. Donaldson May 2019

Making Ethnic Tourism Good For The Poor, Jean Junying Lor, Shelly Kwa, John A. Donaldson

Research Collection School of Social Sciences

How can ethnic tourism alleviate rural poverty? Due to the difficulty of simultaneously expanding tourism while promoting pro-poor tourism, most villages traverse one of two developmental pathways: 1) ensuring an inclusive structure before expanding, or 2) expanding before building an inclusive structure. This study compares four comparable cases in Southwestern China to understand the politics behind the decision to choose different pathways, and the impact each pathways has on local residents. While the first pathway requires a careful balance to maintain a pro-poor structure as tourism volume expands, the second pathway presents apparently insurmountable barriers to poverty reduction due to ...


Mobilising Dissent In A Digital Age: The Curious Case Of Amos Yee, Orlando Woods May 2019

Mobilising Dissent In A Digital Age: The Curious Case Of Amos Yee, Orlando Woods

Research Collection School of Social Sciences

Political containers frame opinions. They play a formative role in establishing the terms ofinterpretation, in distinguishing between assent and dissent, and in determining the extent towhich dissent is publicly tolerated. Whilst it is by now widely acknowledged that the powerand influence of political containers has been relativised by interconnection, the effects ofmoving within and between containers – and thus mediating between different framings ofopinion – is undertheorised. Also, the enabling role of digital media in disseminating dissent,and in bringing about disproportionate reach and impact, remains understudied. Addressingthese lacunae, this paper explores the ways in which dissent can be reproduced, reframed, andthus ...


A Better Economy By "Design", Lawrence Chong May 2019

A Better Economy By "Design", Lawrence Chong

Asian Management Insights

The air was still, and I was going nowhere with the session until I asked the participants about their kids instead of talking more about the bank. The conversations soon turned chirpy as the mothers in the group spoke over one another, sharing their hearts out about their children and their hopes for them. I felt I had unlocked something new, even though this should have been obvious as this is a very family-oriented country. This experience was part of our transformation project for a Southeast Asian bank that would reshape its digital, brand and customer engagement strategy through a ...


Restructured Frame‐Of‐Reference Training Improves Rating Accuracy, Ming-Hong Tsai, Serena Wee, Brandon Koh Apr 2019

Restructured Frame‐Of‐Reference Training Improves Rating Accuracy, Ming-Hong Tsai, Serena Wee, Brandon Koh

Research Collection School of Social Sciences

The use of heuristic judgments is prevalent in organizations and negatively impacts accurate employee assessments. To minimize the negative impact of heuristic judgments (i.e., anchoring and adjustment), we aim to improve rating accuracy by restructuring frame‐of‐reference (FOR) training. We conducted five studies (N = 1,143) using different samples (three including participants with hiring experience), training environments (onsite and online), and rating contexts (evaluations of sales representatives, teachers, contract negotiation specialists, and retail store managers). Across the five studies, the average improvement in rating accuracy was at least twice as large for restructured FOR (vs. control) training as ...


The Future Is A Moving Goal Post: Change Management In Academic Libraries, Gulcin Cribb Apr 2019

The Future Is A Moving Goal Post: Change Management In Academic Libraries, Gulcin Cribb

Research Collection Library

Libraries and librarians have been going through major changes in recent times. Advocacy, marketing, promotion, communication, outreach, engagement, innovation, creation and demonstration of value for the stakeholders have never been more critical and urgent.

What are the reasons and drivers for change? How do libraries approach, plan, implement, and evaluate change and align themselves to their parent institutions? What types of communication with stakeholders (both external and internal) do we plan and use regarding change? What kind of leadership is needed for ‘change’ initiatives? How do we make sure that our talent pool possesses the skills, competencies and the culture ...


How Can The Library Show Value In The Research Cycle And Help To Build Institutional Reputation: An Example From Smu, Pin Pin Yeo Apr 2019

How Can The Library Show Value In The Research Cycle And Help To Build Institutional Reputation: An Example From Smu, Pin Pin Yeo

Research Collection Library

Libraries face challenges in playing roles and how they can show value in the research cycle of their institution. The presentation will show how the Singapore Management University (SMU) Libraries play a part in the research publications system and how it showcases SMU publications and also provides the full text where possible in the SMU repository called InK. Some examples of how the information is used and what faculty think about having their publications in InK will be shared. The Library is also involved in providing publications metrics.


Mapping Cultural Tightness And Its Links To Innovation, Urbanization, And Happiness Across 31 Provinces In China, Roy Y. J. Chua, Kenneth Huang, Mengzi Jin Apr 2019

Mapping Cultural Tightness And Its Links To Innovation, Urbanization, And Happiness Across 31 Provinces In China, Roy Y. J. Chua, Kenneth Huang, Mengzi Jin

Research Collection Lee Kong Chian School Of Business

This study extends existing theories of cultural tightness by mapping cultural tightness and its relationship to innovation across 31 provinces in China. Consistent with prior research, we find that tighter provinces are associated with increased governmental control, constraints in daily life, religious practices, and exposure to threats. However, prior findings about cultural tightness do not fully apply to China. Departing from prior findings that tighter states are more rural, conservative, less creative, and less happy, cultural tightness in China is associated with urbanization; economic growth; better health; greater happiness; tolerance toward the lesbian, gay, bisexual, and transgender community; and gender ...