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Full-Text Articles in Social and Behavioral Sciences

No Need For Asia To Be Woke - Responsible Capitalism Through An Asian Lens, Dan W. Puchniak Mar 2022

No Need For Asia To Be Woke - Responsible Capitalism Through An Asian Lens, Dan W. Puchniak

Research Collection Yong Pung How School Of Law

LARRY Fink's 2018 proclamation that every company must show "how it makes a positive contribution to society" ostensibly woke American CEOs to the need for companies to fulfil a societal purpose beyond profit maximisation. The American Business Roundtable's 2019 commitment that a business should no longer be run purely for profit is cited as another woke moment for American CEOs to the new reality that corporate purpose matters. However, just as the sun rises first in Asia, there is no need for Asia's CEOs to be woke to the reality that corporate purpose matters.

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Valued Waste/Wasted Value: Waste, Value And The Labour Process In Electronic Waste Recycling In Singapore And Malaysia, Aidan Marc Wong Feb 2022

Valued Waste/Wasted Value: Waste, Value And The Labour Process In Electronic Waste Recycling In Singapore And Malaysia, Aidan Marc Wong

Research Collection College of Integrative Studies

This paper focuses on value creation in electronic waste, and supports the argument (c.f. Herod et al., 2014) that 'waste' embodies congealed labour - the product of the labour process. This analysis of itinerant rag-and-bone collectors demonstrates that value creation by informal labour accrues as congealed labour in recycled e-waste through the agentic acts of collecting, salvaging and extracting. This paper highlights the central role of informal labour in this labour process and pushes further the conceptualisation of 'wasted labour' (McGrath-Champ et al., 2015) by calling for greater attention to the agentic nature of labour in value creation, rather than …

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Apple And Foxconn: Addressing Power Imbalances In Global Supply Chains, Singapore Management University Feb 2022

Apple And Foxconn: Addressing Power Imbalances In Global Supply Chains, Singapore Management University

Perspectives@SMU

Global suppliers such as Foxconn can form strong business networks to put pressure on dominant clients such as Apple to address power imbalances in global supply chains

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Sandwiched Between A Rock And A Hard Place?, Thomas Lam, David Fernandez Feb 2022

Sandwiched Between A Rock And A Hard Place?, Thomas Lam, David Fernandez

Sim Kee Boon Institute for Financial Economics

The policy gap between US and China is likely to be widening further, potentially raising and unevenly distributing the risks of negative spillovers for Asia and the rest of the world.

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Skbi Big 5 Survey 2022 February, Singapore Management University Feb 2022

Skbi Big 5 Survey 2022 February, Singapore Management University

Sim Kee Boon Institute for Financial Economics

The latest survey results on the largest five economies (Big5), based on submissions prior to the ongoing Russia-Ukraine conflict, imply a more intricate growth, inflation and policy dynamic.

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Transitioning To A Circular Economy: A Systematic Review Of Its Drivers And Barriers, Jovan Tan, Fabien Jianwei Tan, Seeram Ramakrishna Feb 2022

Transitioning To A Circular Economy: A Systematic Review Of Its Drivers And Barriers, Jovan Tan, Fabien Jianwei Tan, Seeram Ramakrishna

Research Collection Lee Kong Chian School Of Business

Advancing societal's progress to achieve circularity is imperative as our linear (take, make, waste) economic model is highly unsustainable. It depletes our natural resources and substantially contributes to pollution and global greenhouse gas emissions. Our continued participation in the linear economy will also expose businesses to volatile resource prices and supply disruptions resulting from the scarcity of critical materials and geopolitical factors. Hence, there are compelling reasons for businesses to transit and participate in the circular economy. However, anecdotal evidence suggests limited practical implementations. Therefore, this systematic review aims to determine the most significant drivers and barriers that influence business …

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Investing In Low-Trust Countries: On The Role Of Social Trust In The Global Mutual Fund Industry, Massimo Massa, Chengwei Wang, Hong Zhang, Jian Zhang Feb 2022

Investing In Low-Trust Countries: On The Role Of Social Trust In The Global Mutual Fund Industry, Massimo Massa, Chengwei Wang, Hong Zhang, Jian Zhang

Research Collection Lee Kong Chian School Of Business

We hypothesize that social trust, in mitigating contracting incompleteness, may have an important effect on the activeness and effectiveness of delegated portfolio management. Using a complete sample of worldwide open-end mutual funds, we find that trust is positively associated with the activeness of funds and that trust-related active share delivers superior performance (e.g., approximately 2% per year for cross-border investments). Moreover, "trust in the market" and "trust in managers" play important yet different roles for different types of cross-border delegated portfolio management. Our results suggest that trust acts as a fundamental building block for delegated portfolio management.

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How You Look Is Who You Are: The Appearance Reveals Character Lay Theory Increases Support For Facial Profiling, Shilpa Madan, Krishna Savani, Gita Venkataramani Johar Feb 2022

How You Look Is Who You Are: The Appearance Reveals Character Lay Theory Increases Support For Facial Profiling, Shilpa Madan, Krishna Savani, Gita Venkataramani Johar

Research Collection Lee Kong Chian School Of Business

People are excessively confident that they can judge others’ characteristics from their appearance. This research identifies a novel antecedent of this phenomenon. Ten studies (N = 2,967, 4 preregistered) find that the more people believe that appearance reveals character, the more confident they are in their appearance-based judgments, and therefore, the more they support the use of facial profiling technologies in law enforcement, education, and business. Specifically, people who believe that appearance reveals character support the use of facial profiling in general (Studies 1a and 1b), and even when they themselves are the target of profiling (Studies 1c and 1d). …

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Short Selling Etfs, Frank Weikai Li, Qifei Zhu Feb 2022

Short Selling Etfs, Frank Weikai Li, Qifei Zhu

Research Collection Lee Kong Chian School Of Business

We provide novel evidence that arbitrageurs use exchange-traded funds (ETFs) as an avenue to circumvent short-sale constraints at the stock level. Using a large sample of U.S. equity ETF holdings, we document that shorting activity on ETFs rises with the difficulty of shorting underlying stocks. Stocks heavily shorted via their holding ETFs underperform those that are lightly shorted. The return predictability of ETF shorting is distinct from stock-level shorting measures and is concentrated among stocks that face severe arbitrage constraints. These findings suggest that ETFs allow arbitrageurs to target overpriced stocks that are otherwise difficult to short.

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Older Adult Preparedness For Living With An Endemic Covid-19, Micah Tan, Paulin T. Straughan, Grace Cheong, Wensi Lim, Mindy Eiko Tadai, Nadya Haifan, Dyan Jun Wei See Toh Feb 2022

Older Adult Preparedness For Living With An Endemic Covid-19, Micah Tan, Paulin T. Straughan, Grace Cheong, Wensi Lim, Mindy Eiko Tadai, Nadya Haifan, Dyan Jun Wei See Toh

ROSA Research Briefs

As Singapore holds steady against the current Omicron wave and begins to pave the next steps towards living with COVID-19, we hope that this report will provide our fellow colleagues and stakeholders with valuable insights into the perceptions and experiences of older adults in preparing to live with an endemic COVID-19. To this end, the current report examines several aspects of living with an endemic including whether older adults perceive themselves to be prepared, whether they are willing to adopt certain preventive behaviours, and the level of support they have for living with an endemic COVID-19. Specifically, we look at …

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Cities, Settlements And Key Infrastructure, David Dodman, Bronwyn Hayward, Mark Pelling, Vanesa Castan Broto, Winston T. L. Chow, Et Al. Feb 2022

Cities, Settlements And Key Infrastructure, David Dodman, Bronwyn Hayward, Mark Pelling, Vanesa Castan Broto, Winston T. L. Chow, Et Al.

Research Collection College of Integrative Studies

In all cities and urban areas, the risk faced by people and assets from hazards associated with climate change has increased (high confidence1 ). Urban areas are now home to 4.2 billion people, the majority of the world’s population. Urbanisation processes generate vulnerability and exposure which combine with climate change hazards to drive urban risk and impacts (high confidence). Globally, the most rapid growth in urban vulnerability and exposure has been in cities and settlements where adaptive capacity is limited, especially in unplanned and informal settlements in low- and middle-income nations and in smaller and medium-sized urban centres (high confidence). …

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Cities And Settlements By The Sea, Bruce Glavovic, Richard Dawson, Winston T. L. Chow, Matthias Garschagen, Chandni Singh, Adelle Thomas Feb 2022

Cities And Settlements By The Sea, Bruce Glavovic, Richard Dawson, Winston T. L. Chow, Matthias Garschagen, Chandni Singh, Adelle Thomas

Research Collection College of Integrative Studies

Cities and settlements (C&S) by the sea are on the frontline of climate change—they face climate-compounded risks that are amongst the highest, but are a key source of innovation in climate resilient development (high confidence)

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Technical Summary, Hans Portner, Winston T. L. Chow, Et Al. See Comments For Full List Of Authors Feb 2022

Technical Summary, Hans Portner, Winston T. L. Chow, Et Al. See Comments For Full List Of Authors

Research Collection College of Integrative Studies

This technical summary complements and expands the key findings of the Working Group (WG) II contribution to the Sixth Assessment Report (AR6) presented in the Summary for Policymakers and covers literature accepted for publication by 1 September 2021. It provides technical understanding and is developed from the key findings of chapters and cross-chapter papers (CCPs) as presented in their executive summaries and integrates across them. The report builds on the WGII contribution to the Fifth Assessment Report (AR5) of the IPCC and three special reports of the AR6 cycle providing new knowledge and updates. The three special reports are the …

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Fact Sheet - Human Settlements: Climate Change Impacts And Risks, Winston T. L. Chow, Richard Dawson, Bruce Glavovic, Marjolijn Haasnoot, Mark Pelling, William Solecki Feb 2022

Fact Sheet - Human Settlements: Climate Change Impacts And Risks, Winston T. L. Chow, Richard Dawson, Bruce Glavovic, Marjolijn Haasnoot, Mark Pelling, William Solecki

Research Collection College of Integrative Studies

This regional factsheet on cities and human settlements gives a snapshot of the key findings of the Sixth Assessment Report: Climate Change 2022 - Impacts. Adaptation and Vulnerability, distilled from the relevant Chapters and Cross-Chapter Papers, the Technical Summary and the Global to Regional Atlas.

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Nonignorable Missing Data, Single Index Propensity Score And Profile Synthetic Distribution Function, Xuerong Chen, Denis H. Y. Leung, Jing Qin Feb 2022

Nonignorable Missing Data, Single Index Propensity Score And Profile Synthetic Distribution Function, Xuerong Chen, Denis H. Y. Leung, Jing Qin

Research Collection School Of Economics

In missing data problems, missing not at random is difficult to handle since the response probability or propensity score is confounded with the outcome data model in the likelihood. Existing works often assume the propensity score is known up to a finite dimensional parameter. We relax this assumption and consider an unspecified single index model for the propensity score. A pseudo-likelihood based on the complete data is constructed by profiling out a synthetic distribution function that involves the unknown propensity score. The pseudo-likelihood gives asymptotically normal estimates. Simulations show the method compares favorably with existing methods.

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Heterogeneous Health Effects Of Medical Marijuana Legalization: Evidence From Young Adults In The United States, Junxing Chay, Seonghoon Kim Feb 2022

Heterogeneous Health Effects Of Medical Marijuana Legalization: Evidence From Young Adults In The United States, Junxing Chay, Seonghoon Kim

Research Collection School Of Economics

Legalizing marijuana for medical purposes is a longstanding debate. However, evidence of marijuana's health effects is limited, especially for young adults. We estimate the health impacts of medical marijuana laws (MML) in the U.S. among young adults aged 18–29 years using the difference-in-differences method and data from the Behavioral Risk Factors Surveillance System. We find that having MMLs with strict regulations generate health gains, but not in states with lax regulations. Our heterogeneity analysis results indicate that individuals with lower education attainments, with lower household income and without access to health insurance coverage gain more health benefits from MML with …

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Short-Term Impact Of Covid-19 On Consumption Spending And Its Underlying Mechanisms: Evidence From Singapore, Seonghoon Kim, Kanghyock Koh, Xuan Zhang Feb 2022

Short-Term Impact Of Covid-19 On Consumption Spending And Its Underlying Mechanisms: Evidence From Singapore, Seonghoon Kim, Kanghyock Koh, Xuan Zhang

Research Collection School Of Economics

We examine the short-term impact of COVID-19 on consumption spending and labor market outcomes. Using monthly panel data of individuals mainly aged 50–70 in Singapore, we find that COVID-19 reduced consumption spending and labor market outcomes immediately after its outbreak, and its negative impact quickly evolved. At its peak, the pandemic reduced total household consumption spending by 22.8% and labor income by 5.9% in April. Probability of full-time work also went down by 1.2 pp and 6.0 pp in April and May, respectively, but employment and self-employment were only mildly affected. Our heterogeneity analysis indicates that the reduction in consumption …

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Deprovincializing Racial Capitalism: John Crawfurd And Settler Colonialism In India, Onur Ulas Ince Feb 2022

Deprovincializing Racial Capitalism: John Crawfurd And Settler Colonialism In India, Onur Ulas Ince

Research Collection School of Social Sciences

Recent literature on racial capitalism has overwhelmingly focused on the Atlantic settler-slave formation, sidelining the history of European imperialism in Asia. This article addresses this blind spot by recovering the aborted project of British settler colonialism in India through the writings of its most prominent advocate, John Crawfurd. It is argued that Crawfurd’s vision of a liberal empire in India rejected slavery and indigenous dispossession yet remained deeply racialized in its conception of capital, labor, and value. Crawfurd elaborated a “capital theory of race,” which derived racial categories from a civilizational spectrum keyed to the capitalist organization of production. His …

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Effects Of Economic Uncertainty And Socioeconomic Status On Reproductive Timing: A Life History Approach, Kenneth Tan, Norman P. Li, Andrea. M. Meltzer, Joel L. J. Chin, Kai Lin Lynn Tan, Amy J. Lim, Steven. L Neuberg, Mark Van Vugt Feb 2022

Effects Of Economic Uncertainty And Socioeconomic Status On Reproductive Timing: A Life History Approach, Kenneth Tan, Norman P. Li, Andrea. M. Meltzer, Joel L. J. Chin, Kai Lin Lynn Tan, Amy J. Lim, Steven. L Neuberg, Mark Van Vugt

Research Collection School of Social Sciences

Why do some people have children earlier compared to others who delay reproduction? Drawing from an evolutionary, life history theory perspective, we posited that reproductive timing could be influenced by economic uncertainty and childhood socioeconomic status (SES). For individuals lower in childhood SES, economic uncertainty influenced the desire to reproduce earlier compared to individuals higher in childhood SES. Furthermore, the decision regarding reproductive timing was influenced by tradeoffs between earlier reproduction or furthering one's education or career. Overall, economic uncertainty appears to shift individuals into different life history strategies as a function of childhood SES, suggesting how ecological factors and …

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When Intelligence Hurts And Ignorance Is Bliss: Global Pandemic As An Evolutionarily Novel Threat To Happiness, Satoshi Kanazawa, Norman P. Li, Jose C. Yong Feb 2022

When Intelligence Hurts And Ignorance Is Bliss: Global Pandemic As An Evolutionarily Novel Threat To Happiness, Satoshi Kanazawa, Norman P. Li, Jose C. Yong

Research Collection School of Social Sciences

Introduction: The savanna theory of happiness posits that it is not only the current consequences of a given situation that affect happiness but also its ancestral consequences, and that the effect of ancestral consequences on happiness is stronger among less intelligent individuals. But what about situations that did not exist in the ancestral environment and thus have no ancestral consequences? Global pandemic is one such situation that has no ancestral analog, and the theory predicts such evolutionarily novel threats to have a negative effect disproportionately on the life satisfaction of more intelligent individuals.Methods: We analyzed prospectively longitudinal data from population …

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Building Productivism In Rural China: The Case Of Residential Restructuring In Chengdu, Qian Forrest Zhang Feb 2022

Building Productivism In Rural China: The Case Of Residential Restructuring In Chengdu, Qian Forrest Zhang

Research Collection School of Social Sciences

This paper theorizes the rural restructuring in China today as a transition towards productivism – characterized by both a productivist agricultural regime and productivist rural spaces. The rise of the productivist agricultural regime has spearheaded this transition for two decades; now the residential restructuring programs implemented under various policy schemes are also producing spaces of productivism in the new concentrated settlements. This paper, employing Halfacree’s three-fold conceptual model of rural space and using the empirical case of residential restructuring in Chengdu, offers the first full analysis of the rise of productivism in all three facets of rural space. It demonstrates …

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Reply To Nielsen Et Al.: Social Mindfulness Associated With Countries' Environmental Performance And Individual Environmental Concern, N. J. Van Doesum, R. O. Murphy, M. Gallucci, Norman P. Li, U. Athenstaedt, W. T. Au, L. Bai, R. Böhm, I. Bovina, N. R. Buchan, X. P. Chen, K. B. Dumont, J. B. Engelmann, K. Eriksson, H. Euh, S. Fiedler, J. Friesen, S. Gächter, C. Garcia, R. González Feb 2022

Reply To Nielsen Et Al.: Social Mindfulness Associated With Countries' Environmental Performance And Individual Environmental Concern, N. J. Van Doesum, R. O. Murphy, M. Gallucci, Norman P. Li, U. Athenstaedt, W. T. Au, L. Bai, R. Böhm, I. Bovina, N. R. Buchan, X. P. Chen, K. B. Dumont, J. B. Engelmann, K. Eriksson, H. Euh, S. Fiedler, J. Friesen, S. Gächter, C. Garcia, R. González

Research Collection School of Social Sciences

Nielsen et al. (1) argues that Van Doesum et al (2) need to consider three points for their interpretation of a positive association between individual-level social mindfulness (SoMi) and environmental performance (EPI) at the country level (3).

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Subjective Wellbeing And Intergenerational Mobility Of Youths In Singapore, Kong Weng Ho, Solomon Soh Feb 2022

Subjective Wellbeing And Intergenerational Mobility Of Youths In Singapore, Kong Weng Ho, Solomon Soh

Research Collection School Of Economics

Singapore has been enjoying persistently high real growth rates for the past 6 decades. On average, real per capita Gross Domestic Product (GDP) has grown from S$5603 in 1961 to S$88991 in 2019 with an average annual real per capita growth rate of 4.88%. The mean number of years of schooling for residents aged 25 and over has increased from 3.1 (Barro & Lee, 2001) in 1960 to 11.2 in 2019 while the life expectancy at birth for residents has also increased from 62.9 years in 1960 to 83.6 in 2019 (Department of Statistics, 2019). Although these figures reflect trneds …

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A Panel Clustering Approach To Analyzing Bubble Behavior, Yanbo Liu, Peter C. B. Phillips, Jun Yu Feb 2022

A Panel Clustering Approach To Analyzing Bubble Behavior, Yanbo Liu, Peter C. B. Phillips, Jun Yu

Research Collection School Of Economics

This study provides new mechanisms for identifying and estimating explosive bubbles in mixed-root panel autoregressions with a latent group structure. A post-clustering approach is employed that combines a recursive k-means clustering al-gorithm with panel-data test statistics for testing the presence of explosive roots in time series trajectories. Uniform consistency of the k-means clustering algorithm is established, showing that the post-clustering estimate is asymptotically equivalent to the oracle counterpart that uses the true group identities. Based on the estimated group membership, right-tailed self-normalized t-tests and coefficient-based J-tests, each with pivotal limit distributions, are introduced to detect the explosive roots. The usual …

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Domains For Well Behaved Monotonic Social Choice Functions, Salles Paulo Daniel Ramos Feb 2022

Domains For Well Behaved Monotonic Social Choice Functions, Salles Paulo Daniel Ramos

Research Collection School Of Economics

We present here a set of necessary and sufficient conditions for an MD-Connected Domain to support a Well Behaved Monotonic Social Choice Function. We require the domain to have a minimal number of preferences in which a pair of alternatives flips their relation, and these reversals must occurr in accordance to a tree graph. While this condition cannot be sum-marized by a set of restrictions on individual preferences, we provide two alternative characterizations that can, one that is necessary and another that is sufficient.

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Including Everyone, Everywhere: Understanding Opportunities And Challenges Of Geographic Gender-Inclusion In Oss, Gede Artha Azriadi Prana, Denae Ford, Ayushi Rastogi, David Lo, Rahul Purandare, Nachiappan Nagappan Feb 2022

Including Everyone, Everywhere: Understanding Opportunities And Challenges Of Geographic Gender-Inclusion In Oss, Gede Artha Azriadi Prana, Denae Ford, Ayushi Rastogi, David Lo, Rahul Purandare, Nachiappan Nagappan

Research Collection School Of Computing and Information Systems

The gender gap is a significant concern facing the software industry as the development becomes more geographically distributed. Widely shared reports indicate that gender differences may be specific to each region. However, how complete can these reports be with little to no research reflective of the Open Source Software (OSS) process and communities software is now commonly developed in? Our study presents a multi-region geographical analysis of gender inclusion on GitHub. This mixed-methods approach includes quantitatively investigating differences in gender inclusion in projects across geographic regions and investigate these trends over time using data from contributions to 21,456 project repositories. …

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Institutional Investors In China: Corporate Governance And Policy Channeling In The Market Within The State, Lin Lin, Dan W. Puchniak Feb 2022

Institutional Investors In China: Corporate Governance And Policy Channeling In The Market Within The State, Lin Lin, Dan W. Puchniak

Research Collection Yong Pung How School Of Law

The extraordinary rise of China’s economy has made understanding Chinese corporate governance an issue of global importance. A rich literature has developed analyzing the Chinese Communist Party’s (CCP’s) role as China’s largest controlling shareholder and the impact that this has on Chinese corporate governance. However, the CCP’s role as the architect – and direct and indirect controller – of institutional investors in China has been largely overlooked in the comparative corporate law literature.This Article aims to take the first step in filling this gap in the literature by drawing on Chinese sources and fresh hand-collected empirical, interview, and case study …

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New-Media Advertising And Retail Platform Openness, Jianqing Chen, Zhiling Guo Feb 2022

New-Media Advertising And Retail Platform Openness, Jianqing Chen, Zhiling Guo

Research Collection School Of Computing and Information Systems

We recently have witnessed two important trends in online retailing: the advent of new media (e.g., social media and search engines) makes advertising affordable for small sellers, and large online retailers (e.g., Amazon and JD.com) opening their platforms to allow even direct competitors to sell on their platforms. We examine how new-media advertising affects retail platform openness. We develop a game-theoretic model in which a leading retailer, who has both valuation and awareness advantages, and a third-party seller, who sells an identical product, engage in price competition. We find that the availability of relatively low-cost advertising through new media plays …

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There Is A Time To Be Creative: The Alignment Between Chronotype And Time Of Day, Jana Kuehnel, Ronald Bledow, Markus Kiefer Feb 2022

There Is A Time To Be Creative: The Alignment Between Chronotype And Time Of Day, Jana Kuehnel, Ronald Bledow, Markus Kiefer

Research Collection Lee Kong Chian School Of Business

We examine the influence of chronobiological processes on creativity, specifically the influence of a person’s chronotype. Chronotype refers to the setting of a person’s biological clock that gives rise to a distinctive pattern of sleep habits and preferred diurnal activity. We propose a synchrony effect and predict that people are creative when the external clock is aligned with their internal, biological clock. According to our model, positive mood and creative self-efficacy act as affective and cognitive mechanisms of this synchrony effect. We present three studies that test our theorizing: A quasi-experimental field study with 260 employees, a day-reconstruction study with …

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Impact Assessment And Measurement With Sustainable Development Goals, Hao Liang, David Fernandez, Mikkel Larsen Feb 2022

Impact Assessment And Measurement With Sustainable Development Goals, Hao Liang, David Fernandez, Mikkel Larsen

Research Collection Lee Kong Chian School Of Business

With the rapid growth of sustainable and responsible investment and widespread adoption of the environmental, social, and governance (ESG) reporting and integration by organizations, how to assess and measure ESG impact has become a critical issue. Although the UN’s Sustainable Development Goals (SDGs) provide a useful framework for investors and organizations globally to align their standards, the SDGs are vague on how to implement them at an organizational or activity level. Current practice relies heavily on third-party ESG rating providers, whose scores mostly apply to public equities only. They also suffer from biases, inconsistencies, and a lack of sufficient disclosure. …

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