Open Access. Powered by Scholars. Published by Universities.®

Social and Behavioral Sciences Commons™

Open Access. Powered by Scholars. Published by Universities.®

Singapore Management University

Discipline
Keyword
Publication Year
Publication
Publication Type
File Type

Articles 7171 - 7200 of 8025

Full-Text Articles in Social and Behavioral Sciences

Large-Scale Investigation Of The Role Of Trait Activation Theory For Understanding Assessment Center Convergent And Discriminant Validity, Filip Lievens, Christopher S. Chasteen, Eric A. Day, Neil D. Christiansen Mar 2006

Large-Scale Investigation Of The Role Of Trait Activation Theory For Understanding Assessment Center Convergent And Discriminant Validity, Filip Lievens, Christopher S. Chasteen, Eric A. Day, Neil D. Christiansen

Research Collection Lee Kong Chian School Of Business

This study used trait activation theory as a theoretical framework to conduct a large-scale test of the interactionist explanation of the convergent and discriminant validity findings obtained in assessment centers. Trait activation theory specifies the conditions in which cross-situationally consistent and inconsistent candidate performances are likely to occur. Results obtained by aggregating correlations across 30 multitrait-multimethod matrices supported the propositions of trait activation theory, shedding a more positive light on the construct validity puzzle in assessment centers. Overall, convergence among assessment center ratings was better between exercises that provided an opportunity to observe behavior related to the same trait, and …

Go to article

Underpriced Default Spread Exacerbates Market Crashes, Winston T. H. Koh, Roberto S. S. Mariano, Andrey Pavlov, Sock Yong Phang, Augustine H. H. Tan, Susan M. Wachter Mar 2006

Underpriced Default Spread Exacerbates Market Crashes, Winston T. H. Koh, Roberto S. S. Mariano, Andrey Pavlov, Sock Yong Phang, Augustine H. H. Tan, Susan M. Wachter

Research Collection School Of Economics

In this paper, we develop a specific observable symptom of a banking system that underprices the default spread in non-recourse asset-backed lending. Using three different data sets for 18 countries and property types, we find that, following a negative demand shock, the “underpricing” economies experience far deeper asset market crashes than economies in which the put option is correctly priced. Furthermore, only one of the countries in our sample continues to exhibit the underpricing symptom following a market crash. This indicates that market crashes have a cleansing effect and eliminate underpricing at least for a period of time. This makes …

Go to article

Tacit Knowledge, Nonaka And Takeuchi Seci Model And Informal Knowledge Processes, Siu Loon Hoe Mar 2006

Tacit Knowledge, Nonaka And Takeuchi Seci Model And Informal Knowledge Processes, Siu Loon Hoe

Research Collection School Of Computing and Information Systems

The organizational behavior and knowledge management literature has devoted a lot attention on how structural knowledge processes enhance learning. There has been little emphasis on the informal knowledge processes and the construct remains undefined. The purpose of this paper is to highlight the importance of informal knowledge processes, propose a definition for these processes and link them to the socialization and internalization processes suggested by Nonaka and Takeuchi in the SECI model. The paper offers a fresh perspective on how informal knowledge processes in organizations help to enhance the organization’s learning capability. It will enable scholars and managers to have …

Go to article

Multivariate Stochastic Volatility: A Review, Manabu Asai, Michael Mcaleer, Jun Yu Mar 2006

Multivariate Stochastic Volatility: A Review, Manabu Asai, Michael Mcaleer, Jun Yu

Research Collection School Of Economics

The literature on multivariate stochastic volatility (MSV) models has developed significantly over the last four years. This paper reviews the substantial literature on specification, estimation, and evaluation of MSV models. A wide range of MSV models is presented according to various categories, namely, (i) asymmetric models, (ii) factor models, (iii) time-varying correlation models, and (iv) alternative MSV specifications, including models based on the matrix exponential transformation, the Cholesky decomposition, and the Wishart autoregressive process. Alternative methods of estimation, including quasi-maximum likelihood, simulated maximum likelihood, and Markov chain Monte Carlo methods, are discussed and compared. Various methods of diagnostic checking and …

Go to article

The Rise In House Prices In China: Bubbles Or Fundamentals?, Jianying Hu, Liangjun Su, Sainan Jin, Wanjun Jiang Mar 2006

The Rise In House Prices In China: Bubbles Or Fundamentals?, Jianying Hu, Liangjun Su, Sainan Jin, Wanjun Jiang

Research Collection School Of Economics

The dramatic rise of house prices in many cities of China has brought huge attention from both the governmental and academic circles. There is a huge debate on whether the increasing house prices are driven by market fundamentals or just by speculation. Like Levin and Wright (1997a, 1997b), we decompose house prices in China into fundamental and non−fundamental components. We also consider potential nonlinear feedback from the historical growth rate of house prices on the current house prices and propose a semiparametric approach to estimate the speculative components in the model. We demonstrate that the non−fundamental part contributes a relatively …

Go to article

Expectations, Animal Spirits, And Evolutionary Dynamics, Angelo Antoci, Massimiliano Landi, Pier Luigi Sacco Mar 2006

Expectations, Animal Spirits, And Evolutionary Dynamics, Angelo Antoci, Massimiliano Landi, Pier Luigi Sacco

Research Collection School Of Economics

We consider a (deterministic) evolutionary model where players have dynamic expectations about the strategy distribution. We provide a global analysis of the co-evolution of play and expectations for a generic two-by-two game. Besides the the typical indeterminacy of the evolutionary dynamics, we find some other ones: for any initial strategy configuration the dynamics can converge to any asymptotically stable fixed point, for different initial values of the expectations. Moreover, starting from the same initial pair of strategy configuration and values of expectations, the dynamics may lead to different asymptotically stable fixed points for different parameters of the expectations.

Go to article

Employee Screening: Theory And Evidence, Fali Huang, Peter Cappelli Mar 2006

Employee Screening: Theory And Evidence, Fali Huang, Peter Cappelli

Research Collection School Of Economics

Arguably the fundamental problem faced by employers is how to elicit effort from employees. Most models suggest that employers meet this challenge by monitoring employees carefully to prevent shirking. But there is another option that relies on heterogeneity across employees, and that is to screen job candidates to find workers with a stronger work ethic who require less monitoring. This should be especially useful in work systems where monitoring by supervisors is more difficult, such as teamwork systems. We analyze the relationship between screening and monitoring in the context of a principal-agent model and test the theoretical results using a …

Go to article

Singapore's Transition To Innovation-Based Economic Growth: Infrastructure, Institutions And Government's Role, Winston T. H. Koh Mar 2006

Singapore's Transition To Innovation-Based Economic Growth: Infrastructure, Institutions And Government's Role, Winston T. H. Koh

Research Collection School Of Economics

Technological progress and innovation plays a central role in a country's economic progress. As an economy advances to the global technological frontier and narrows the technological gap, an innovation-based growth strategy that focuses on investments in R&D and technology creation offers the greatest potential for economic growth. In this paper, we discuss the requirements for a successful transition, in terms of changes to the technology infrastructure, economic institutions and the incentives' structure. This paper outlines the efforts made by Singapore to re-make itself as an innovation-based economy, and the challenges faced by the government in transforming the nation's infrastructure and …

Go to article

Profiting From Mean-Reverting Yield Curve Trading Strategies, Choong Tze Chua, Winston T. H. Koh, Krishna Ramaswamy Mar 2006

Profiting From Mean-Reverting Yield Curve Trading Strategies, Choong Tze Chua, Winston T. H. Koh, Krishna Ramaswamy

Research Collection School Of Economics

This article studies a set of yield curve trading strategies that are based on the view that the yield curve mean reverts to an unconditional curve. These mean-reverting trading strategies exploit deviations in the level, slope, and curvature of the yield curve from historical norms. Some mean-reverting strategies were found to have significant positive profits. Furthermore, the profitability of one of these strategies significantly outperforms, on a risk-adjusted basis, alternative strategies of an investment bond or equity index.

Go to article

Sex Similarities And Differences In Preferences For Short-Term Mates: What, Whether, And Why, Norman P. Li, Douglas T. Kenrick Mar 2006

Sex Similarities And Differences In Preferences For Short-Term Mates: What, Whether, And Why, Norman P. Li, Douglas T. Kenrick

Research Collection School of Social Sciences

Are there sex differences in criteria for sexual relationships? The answer depends on what question a researcher asks. Data suggest that, whereas the sexes differ in whether they will enter short-term sexual relationships, they are more similar in what they prioritize in partners for such relationships. However, additional data and context of other findings and theory suggest different underlying reasons. In Studies 1 and 2, men and women were given varying "mate budgets" to design short-term mates and were asked whether they would actually mate with constructed partners. Study 3 used a mate-screening paradigm. Whereas women have been found to …

Go to article

Impact Of War And Military Service On Income Inequality In Northern Vietnam, Bussarawan Teerawichitchainan Mar 2006

Impact Of War And Military Service On Income Inequality In Northern Vietnam, Bussarawan Teerawichitchainan

Research Collection School of Social Sciences

During the 1940s-1970s Vietnam experienced nearly continuous wars. Military service was almost a rite of passage for young men growing up during these decades. Evidence indicates that families during wartime viewed military service as a locus for upward mobility, as the socialist regime promised veterans various incentives, including educational benefits, employment preference, and Communist Party membership. While this series of wars over the span of three decades has left a profound imprint on the early life course trajectories of men in Vietnam, there is surprisingly little research detailing the long-term consequences of military service. Based on the Vietnam Longitudinal Survey, …

Go to article

Lien Foundation And Singapore Management University To Set Up Asia's First Centre For Social Innovation, Singapore Management University Feb 2006

Lien Foundation And Singapore Management University To Set Up Asia's First Centre For Social Innovation, Singapore Management University

SMU Press Releases

No abstract provided.

Go to article

Sea Of Learning: A New Library For A New Campus -- The Official Opening Of Li Ka Shing Library, Singapore Management University Feb 2006

Sea Of Learning: A New Library For A New Campus -- The Official Opening Of Li Ka Shing Library, Singapore Management University

SMU Press Releases

No abstract provided.

Go to article

How Well Can We Target Resources With Quick-And-Dirty Data?: Empirical Results From Cambodia, Tomoki Fujii Feb 2006

How Well Can We Target Resources With Quick-And-Dirty Data?: Empirical Results From Cambodia, Tomoki Fujii

Research Collection School Of Economics

Proverty reduction is a top priority for international organizations, governments and non-gorvernmental organizations. The aid resources available for poverty reduction are, however, severely constrained in many countries. Minimizing the leakage of aid resources to the non-poor is a key to maximize poverty reduction with the limited amount of resources available. One Way to minimize such leakage to to target resources geographically. That is, policmakers can move resources to the poorest parts of the country. Geographic taregting can quite effective when poverty is unevenly distributed across the country, and this proves to be the case in many countries.

Go to article

Competition Policy In Indonesia, Malcolm Dowling Feb 2006

Competition Policy In Indonesia, Malcolm Dowling

Research Collection School Of Economics

The Indonesian economy was dominated by the government in the decades of the 1970s and 1980s through its control of major mining, manufacturing and agricultural activities. Hill (2000) estimates that as much as 40% of non-agricultural GDP was accounted for by government entities in the late 1980s There were still a lot of government corporations up until the late 1980s and early 1990s and governmental control over the banking system was still substantial.

Go to article

A Semi-Parametric Estimator For Censored Selection Models With Endogeneity, Myoung-Jae Lee, Francis Vella Feb 2006

A Semi-Parametric Estimator For Censored Selection Models With Endogeneity, Myoung-Jae Lee, Francis Vella

Research Collection School Of Economics

We propose a semi-parametric least-squares estimator for a censored-selection (type 3 tobit) model under the mean independence of the outcome equation error u from the regressors given the selection indicator and its error term ɛ. This assumption is relatively weak in comparison to alternative estimators for this model and allows certain unknown forms of heteroskedasticity, an asymmetric error distribution, and an arbitrary relationship between the u and ɛ. The estimator requires only one-dimensional smoothing on the estimate of ɛ. We generalize the estimator to allow for an endogenous regressor whose equation contains an error w related to u and discuss …

Go to article

Government Ownership And The Performance Of Government-Linked Companies: The Case Of Singapore, James Ang, David K. Ding Feb 2006

Government Ownership And The Performance Of Government-Linked Companies: The Case Of Singapore, James Ang, David K. Ding

Research Collection Lee Kong Chian School Of Business

In an emerging economy, the alternative to government control is often no governance. We investigate the governance structure of government-linked companies (GLCs) in Singapore under the ownership/control structure of Temasek Holdings, the government holding entity, which typically owns substantial cash flow rights but disproportional control rights and exercises no operational control. We compare the financial and market performance of GLCs with non-GLCs, where each has a different set of governance structure, the key difference being government ownership. We show that Singaporean GLCs have higher valuations and better corporate governance than a control group of non-GLCs. The results hold even when …

Go to article

A Simple Test For Multivariate Conditional Symmetry, Liangjun Su Feb 2006

A Simple Test For Multivariate Conditional Symmetry, Liangjun Su

Research Collection School Of Economics

This paper proposes a simple consistent nonparametric test of multivariate conditional symmetry based on the principle of characteristic functions. The test statistic is shown to be asymptotically normal under the null and consistent against any conditional asymmetric distributions.

Go to article

Functional Sunspot Equilibria, Shurojit Chatterji, Subir Chattopadhyay Feb 2006

Functional Sunspot Equilibria, Shurojit Chatterji, Subir Chattopadhyay

Research Collection School Of Economics

Consider a one step forward looking model where agents believe that the equilibrium values of the state variable are determined by a function whose domain is the current value of the state variable and whose range is the value for the subsequent period. An agent's forecast for the subsequent period uses the belief, where the function that is chosen is allowed to depend on the current realization of an extrinsic random process, and is made with knowledge of the past values of the state variable but not the current value. The paper provides (and characterizes) the conditions for the existence …

Go to article

More Efficient Estimation In Nonparametric Regression With Nonparametric Autocorrelated Errors, Liangjun Su, Aman Ullah Feb 2006

More Efficient Estimation In Nonparametric Regression With Nonparametric Autocorrelated Errors, Liangjun Su, Aman Ullah

Research Collection School Of Economics

We define a three-step procedure for more efficient estimation of the nonparametric regression mean with nonparametric autocorrelated errors. The procedure is based upon a nonparametric prewhitening transformation of the dependent variable that has to be estimated from the data by a local polynomial technique. We establish the asymptotic distribution of our estimator under weak dependence conditions and show that it is more efficient than the conventional local polynomial estimator. Furthermore, we consider criterion functions based on the linear exponential family, which include the local polynomial least squares criterion as a special case. Simulation evidence suggests that significant gains can be …

Go to article

Central Asia's Transition After Fifteen Years: Growth And Policy Choices, Malcolm Dowling, Ganeshan Vignaraja Feb 2006

Central Asia's Transition After Fifteen Years: Growth And Policy Choices, Malcolm Dowling, Ganeshan Vignaraja

Research Collection School Of Economics

This paper presents a coherent and systematic analysis of the collapse and subsequent revival of the Central Asian Republics (CARs) since 1990. The focus is on the pattern of growth and structural change during the cycle of decline and subsequent revival in the CARs which have been inadequately analyzed in the literature on transition. The paper relates economic performance to initial conditions, country characteristics and policies. Within this framework, it proposes a simple typology of policies (including a new Type III set of policies on regional cooperation and industrial competitiveness) and relates them to the cycle of decline and revival …

Go to article

Strategy Meets Evolution: Games Suppliers And Producers Play, Brishti Guha Feb 2006

Strategy Meets Evolution: Games Suppliers And Producers Play, Brishti Guha

Research Collection School Of Economics

Final goods producers, who may be intrinsically honest (a behavioral type) or opportunistic (strategic), play a repeated game of imperfect information with suppliers of an input of variable (and non-verifiable) quality. Returns to cheating are increasing in the proportion of intrinsically honest producers. If producers compete for another scarce input, adverse selection reduces this proportion enough to enforce universal honesty, whether at a high or a low quality equilibrium. This mechanism limits the proportion of behavioral types in the population of producers over a wide range of parameters: despite their inability to compete with opportunists, they are not wholly wiped …

Go to article

Central Asia: Mapping Future Prospects, Malcolm Dowling, Ganeshan Wignaraja Feb 2006

Central Asia: Mapping Future Prospects, Malcolm Dowling, Ganeshan Wignaraja

Research Collection School Of Economics

Central Asia has emerged as one of the world’s fastest growing regions since the late 1990s and has shown notable development potential. This is significant for a region comprising largely of small landlocked economies with no access to the sea for trade. Among the advantages, of the region are its high- priced commodities (oil, gas, cotton and gold), reasonable infrastructure and human capital as legacies of Soviet rule; and a strategic location between Asia and Europe. Furthermore, many Central Asian Republics (CARs) have embarked on market-oriented economic reforms to boost economic performance and private sector competitiveness. Central Asia: Mapping Future …

Go to article

Homeostasis And Well Being, Malcolm Dowling, Chin Fang Yap Feb 2006

Homeostasis And Well Being, Malcolm Dowling, Chin Fang Yap

Research Collection School Of Economics

The paper suggests that maintenance of a homeostatic equilibrium provides a rationale for many actions of economic agents. Homeostatic equilibrium has physical, economic, emotional, psychological and environmental dimensions. The characteristics of this equilibrium include feelings of safety, trust, connectedness with friends, family and community, and a predictable and welcoming social and work environment. Individuals generally make decisions that help them move toward and achieve this state of equilibrium. Departure from homeostasis reduces well being and stimulates agents to take actions that will return them to a state of homeostasis. This hypothesis is tested with probit analysis using sample responses from …

Go to article

Effects Of Technological Improvement In The Ict Producing Sector On Business Activity, Hian Teck Hoon, Edmund S. Phelps Feb 2006

Effects Of Technological Improvement In The Ict Producing Sector On Business Activity, Hian Teck Hoon, Edmund S. Phelps

Research Collection School Of Economics

It seems to be taken for granted by many commentators that the sharp decline in prices of computers, telecommunications equipment and software resulting from the technological improvements in the information and communications technology (ICT)-producing sector is good for jobs and is a major driving force behind the non-inflationary employment miracle and booming stock market in the latter half of the nineties in the U.S. and their recurrence since 2004. We show that, in our model, a technical improvement in the ICT-producing sector by itself cannot explain a simultaneous increase in employment and a rise in firms’ valuation (or Tobin’s Q …

Go to article

Hungary: Holding Back The Tiers, Kenneth Benoit Feb 2006

Hungary: Holding Back The Tiers, Kenneth Benoit

Research Collection School of Social Sciences

Hungary has a particularly complicated electoral system: a type of mixed system that incorporates three tiers of seat allocation, the use of a proportional allocation formula, and the allocation of a number of seats by a two-round system in single-member constituencies. Examination of the strategic incentives facing parties explains some surprising outcomes, such as the majoritarian impact on the party system and the possibility of the second strongest party in votes becoming the strongest in seats. Despite its complexity and alleged shortcomings, it is unlikely to be abandoned; it serves the interests of the largest parties, and these effectively wield …

Go to article

The Micro-Foundations Of Intertemporal Price Discrimination, Winston T. H. Koh Feb 2006

The Micro-Foundations Of Intertemporal Price Discrimination, Winston T. H. Koh

Research Collection School Of Economics

This paper investigates the optimality of intertemporal price discrimination for a durable-good monopoly in a model where infinitely-lived households face an intertemporal budget constraint, and consume both durable goods and non-durable goods. We prove that the optimal price of the durable good is not constant, and may decrease or increase over time. Some households may choose to purchase the durable good at a later date, and pay lower or higher prices, since the gain in discounted utility of consuming more of the non-durable good more than compensates for the loss in utility from delaying the consumption of the durable good. …

Go to article

Interface Between Ip And Competition Law In Taiwan, Kung-Chung Liu Feb 2006

Interface Between Ip And Competition Law In Taiwan, Kung-Chung Liu

Research Collection Yong Pung How School Of Law

The modernization of Taiwan’s intellectual property (IP) laws has been most marked in the last 10 to 15 years.] During that period, Taiwan also responded to U.S. Section 301 pressure by enacting and enforcing the Fair Trade Act of 1991, a general competition law. The issue of the interface between IP and antitrust law has gradually gained sigdcance in the last couple of years. To some extent, as its development in Taiwan testifies, competition law has circumscribed the scope of IP laws and inacted a spd-over effect on the IP laws. The ramification of competition law in Taiwan with regard …

Go to article

Music And Moral Geographies: Constructions Of "Nation" And Identity In Singapore, Lily Kong Feb 2006

Music And Moral Geographies: Constructions Of "Nation" And Identity In Singapore, Lily Kong

Research Collection School of Social Sciences

In this paper, I attempt to pull together sociological and geographical perspectives in the study of music to understand the ways in which pop and rock music are socio-cultural products with political and moral meanings and implications. I examine state engineering of moral panics, focusing on a case study of pop and rock music in post-independence Singapore. Such engineering is aimed at political and ideological ends, in particular, "nation"- building outcomes. In engineering moral panics through both discursive and legislative acts, the contours of a moral geography are delineated at various spatial scales. First, at the scale of the national …

Go to article

Singapore Management University Celebrates Official Opening Of City Campus – Singapore's First And Only City Campus, Smu Ushers In A Newera, Singapore Management University Jan 2006

Singapore Management University Celebrates Official Opening Of City Campus – Singapore's First And Only City Campus, Smu Ushers In A Newera, Singapore Management University

SMU Press Releases

No abstract provided.

Go to article

First Prev Next Last