48 results
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2. Constitutional equality and executive action – a comparative perspective to the comparator problem.
- Author
-
Chng, Kenny
- Subjects
EQUAL rights ,ADMINISTRATIVE law ,RULE of law ,CONSTITUTIONAL law ,COMMON law - Abstract
A general right to equality is a common feature of written constitutions around the world. Interesting questions arise when one seeks to apply such rights to discrete executive acts. The subject of such acts has necessarily been singled out from a multitude of possibilities for the purposes of the act. To determine whether a differentiation has occurred such that like cases have not been treated alike, to what or whom should this subject be compared? The question of how one selects the proper comparator becomes especially significant when one notes that whether the equal protection guarantee is triggered at all depends on the answer to this question. This paper will study how courts in Hong Kong and Singapore have addressed these difficulties. It argues that three categories of approaches can be discerned in these jurisdictions: class-focused, policy-focused, and justification-focused approaches. It critically evaluates each approach, argues in favour of a justification-focused approach to constitutional equal protection in the context of discrete executive acts, and explores the implications of such an approach for the proper relationship between constitutional equality and administrative law. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
3. THE IMPACT OF CRISES ON THE RELATIONSHIP BETWEEN STOCK MARKET DEVELOPMENT AND MACROECONOMIC VARIABLES: EVIDENCE FROM HONG KONG AND SINGAPORE.
- Author
-
MAJEROVÁ, INGRID and PRAŽÁK, TOMÁŠ
- Subjects
STOCK exchanges ,ECONOMIC indicators ,ECONOMIC change ,CAPITALISM ,ECONOMIC research - Abstract
Dynamic linkages between macroeconomic factors and stock market developments in the economies of Hong Kong and Singapore are the subject of investigation in this paper. These city-states belong to the world's most globalised economies and are two of the world's four largest financial centres. In the crisis years, both these countries experienced a decline in GDP, faced the threat of deflation, and their foreign trade turnover decreased. The crisis also affected the financial sector. This paper aims to ascertain the impact of structural economic changes, namely the financial crisis, on the prosperity of these advanced economies. The basic characteristics of determinants of economic development and the analysis of the mutual relationships of selected macroeconomic indicators with the financial markets serve to meet the aim of this paper. The macroeconomic variables used in most research are GDP, the interest rate, the inflation rate, money supply and the unemployment rate. To test the dependence of these indicators, a regression model was constructed, and the period from 2005 to 2016 was chosen for observation. From the linear regression equation, it is obvious that the unemployment rate, the exchange rate and the interest rate have a prevailing negative effect on equity returns, in contrast to money supply, which has a prevailing positive effect. The Chow test confirms that the global financial crisis at the end of 2008 had a negative impact on the predictive ability of the chosen linear regression analysis in the long-term time horizon in both countries. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
4. The policies, practices and predicaments of senior employment in Hong Kong and Singapore.
- Author
-
HIGGINS, PAUL and VYAS, LINA
- Subjects
EMPLOYMENT of older people ,AGING ,DECISION making ,EMPLOYEE recruitment ,EMPLOYMENT ,INCOME ,LABOR market ,MANAGEMENT ,RETIREMENT ,JOB performance - Abstract
The ageing of populations is an unprecedented worldwide phenomenon that has created anxiety about labour and skill shortages in many developed countries. One way to address these concerns is to extend the working lives of seniors through appropriate retirement, retention and recruitment policies. This paper utilises official policy documentation and employment data to compare the policies, practices and predicaments of senior employment in Hong Kong and Singapore, two of developed Asia's most ageing economies. It finds that while labour force participation rates among Hong Kong seniors have declined since the early 1990s, older workers in Singapore remain largely confined to the secondary labour market. This paper examines why these trends are occurring and whether longer working lives will lead to greater opportunities for ‘active ageing’ in employment or, conversely, force older workers into a reserve army of labour to maintain their incomes. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
- View/download PDF
5. Notes towards the queer Asian city: Singapore and Hong Kong.
- Author
-
Yue, Audrey and Hok-Sze Leung, Helen
- Subjects
HOMOSEXUALITY & society ,SOCIAL history ,SOCIAL conditions of gay people ,URBAN renewal ,NEOLIBERALISM ,CITIES & towns - Abstract
The last decade has witnessed the emergence and consolidation of new and established gay cities in East and Southeast Asia, in particular, the sexualisation of the Singapore city-state, the commerce-led boom of queer Bangkok, the rise of middle-class gay consumer cultures in Manila and Hong Kong, and the proliferation of underground LGBT scenes in Shanghai and Beijing. In the West, scholarships on urban gay centres such as San Francisco, New York and London focus on the paradigms of ethnicity (Sinfield, 1996), gentrification (Bell and Binnie, 2004) and creativity (Florida, 2002). Mapping the rise of commercial gay neighbourhoods by combining the history of ghettos and its post-closet geography of community villages, these studies chart a teleological model of sexual minority rights, group recognition and homonormative mainstream assimilation. Instead of defaulting to these specifically North American and European paradigms and debates, this paper attempts to formulate a different theoretical framework to understand the rise of the queer Asian city. Providing case studies on Singapore and Hong Kong, and deploying an interdisciplinary approach including critical creative industrial studies and cultural studies this paper examines the intersections across the practices of gay clusters, urban renewal and social movement. It asks: if queer Asian sexual cultures are characterised by disjunctive modernities, how do such modernities shape their spatial geographies and produce the material specificities of each city? [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
6. Tibet studies in Australia, Hong Kong and Singapore.
- Author
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Mackerras, Colin
- Subjects
TIBETANS ,BUDDHIST philosophy ,TIBETAN Buddhism ,DALAI lamas ,EDUCATION - Abstract
This paper takes up the study of Tibet in Australia, Hong Kong and Singapore. Tibet studies are defined through scholars working in universities in the specified countries/regions who have published works in which the Tibetans and the Tibetan areas of China are focal. The methodology is to analyse selected published works on Tibet as well as to interview selected scholars. The paper attempts to draw some characteristics of Tibet studies in the regions or countries specified, defined according to factors such as discipline, priority of language, area of interest, approach or political stand. It reaches no grand conclusions, but finds that the spectrum of Tibet studies in the places considered is fairly wide and, though not comparable with several other countries, the value is quite high in terms of quantity and quality. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
7. Does pre-deal research reduce IPO underpricing?
- Author
-
Kun Wang
- Subjects
GOING public (Securities) - Abstract
Purpose – The purpose of this paper is to examine differences in underpricing for initial public offerings (IPOs) brought to market in Hong Kong, Singapore, and the United States. It intends to determine whether IPO pricing accuracy in Hong Kong is facilitated by the development and dissemination of pre-deal research. Design/methodology/approach – The study examines a broad sample of initial public offerings made between 2000 and 2004. The author conducts univariate and multivariate tests to assess the relationship between IPO underpricing and the dissemination of pre-deal research. Findings – The author finds that Hong Kong issues experience significantly less underpricing than issues listed in Singapore and the United States. The underpricing of Singapore IPOs, on average, is not significantly different from that of US new listings. Furthermore, the author finds underpricing experienced by Hong Kong issues after adoption of the 40-day post-IPO quiet period is significantly higher than underpricing in the pre-regulation period. Research limitations/implications – The results may not be generalizable to different countries. They do, however, appear to be robust in the three markets throughout the five-year sample period. Practical limitations/implications – To the extent that pre-deal research can enhance IPO pricing accuracy, the overall finding should be useful to regulators in Hong Kong and Singapore as they continue to evaluate the extent to which pre-deal research should be allowed and other IPO related policy making. Originality/value – The paper extends the IPO underpricing literature in a new direction and also documents a significant economic benefit to IPOs related to pre-deal research. [ABSTRACT FROM AUTHOR]
- Published
- 2008
- Full Text
- View/download PDF
8. A Comparison of Pentecostals in Hong Kong, Singapore and Kuala Lumpur: Culture and Belief.
- Author
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Kay, William K.
- Subjects
PENTECOSTALISM ,CROSS-cultural differences ,COMPARATIVE studies ,CHRISTIAN union - Abstract
Using empirical and quantitative methods Pentecostal ministers are compared in the three locations of Hong Kong, Singapore and Kuala Lumpur. After providing an account of the historical backgrounds of Pentecostal churches in these locations, similarities and differences in the samples may be attributed to environmental or cultural effects. The paper concludes that there is evidence that cultural differences affect the views of respondents in a variety of measurable ways including in their opinion of ecumenical cooperation and in their attitudes to the poor or disadvantaged. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
- View/download PDF
9. LEARNING FROM THE ASIAN TIGERS: LESSONS IN ECONOMIC GROWTH.
- Author
-
TOMA, SORIN-GEORGE
- Subjects
ECONOMIC development ,TIGERS ,ECONOMIC models ,GROSS domestic product - Abstract
Since the end of the 1950s and the beginning of the 1960s, Asia has begun the race for economic supremacy at the global level. The so-called "Four Asian Tigers" are those countries which have continually experienced rapid and significant economic growth over the last half of century and comprise the high growth and income economies of Singapore, Hong Kong, South Korea and Taiwan. These East Asian countries were largely considered as economic models since their growth rates of real per capita gross domestic product in the period 1960-1995 reached around 6% per year. As economic growth represents the outcome of specific issues, the paper aims to identify and present the main factors that contributed to the meteoric growth of the Asian Tigers by focusing on the economies of three of them, namely Singapore, Hong Kong, and South Korea. The methodological approach was based on a quantitative method. The paper argues that important lessons related to economic growth could be drawn from the valuable experience of these countries. Also, it identifies and presents some of the most important factors, such as the developmental state and the rapid industrialization, that highly contributed to their impressive economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2019
10. PESTEL Analysis of Construction Productivity Enhancement Strategies: A Case Study of Three Economies.
- Author
-
Pan, Wei, Chen, Le, and Zhan, Wenting
- Subjects
PRODUCTIVITY accounting ,CONSTRUCTION ,CASE studies ,SEMI-structured interviews ,CONSTRUCTION industry - Abstract
Previous construction productivity research focused on developing productivity measurement methods and quantifying the impact of influencing factors. However, the development of holistic strategies for productivity enhancement of a construction industry has received limited attention. This paper examines the nature of the constraints on productivity advancement and explores the rationale underpinning the productivity enhancement strategies at the industry level. The exploration was based on a systemic perspective taking contingency factors in the broad business environment into consideration. A comprehensive literature review used a political, economic, social, technological, environmental, and legal (PESTEL) framework to reveal the major strategic themes of construction productivity enhancement. Building on the literature review, a multiple exploratory case study design was adopted to investigate the constraints and strategies within the construction industries of Singapore, Hong Kong, and the UK. The research design combines documentation, semistructured stakeholder interviews, and project site visits. The case study analyses led to a theoretical framework that conceptualizes the underlying structure of construction productivity enhancement strategies (CPESs) within the dynamic business environment of the industry. The findings contribute to a better theoretical understanding of the systemic nature of CPESs and provide specific guidance for formulating holistic strategies to enhance construction productivity. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
11. Combating Financial Crimes in Hong Kong and Singapore and the Quest for Competitiveness: A Political Economy Perspective.
- Author
-
Hui, Dennis Lai Hang
- Subjects
COMMERCIAL crimes ,POLITICAL economic analysis ,ECONOMIC policy ,INTERNATIONAL competition ,FINANCIALIZATION - Abstract
Despite the growing policy attention to financial crimes, theoretical discussions about the policies that the state has pursued to deal with this problem have been lacking. This paper develops a theoretical framework to understand the politics of financial crimes. It argues that policy efforts against financial crimes pursued by the state can be explained with reference to the financialization of the global economy and the quest for global competitiveness. At the same time, these global forces are mediated by the dynamics of domestic politics, which determines the pace and the scope of financial regulation. This paper then applies this theoretical framework to explain the differences between Hong Kong and Singapore in their efforts to deal with financial crimes. The difference in terms of their regulatory thrusts in financial affairs relates to their divergent economic ideologies. The final part of this paper highlights the key challenges that Shanghai is facing in dealing with financial crimes with reference to the relevant historical experiences of Hong Kong and Singapore. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
12. A futile search for values and pedagogy? A discursive analysis of the marketing messages of branch-campuses in higher education hubs.
- Author
-
Karram, Grace
- Subjects
UNIVERSITIES & colleges ,DISCOURSE analysis ,OVERSEAS campuses (American colleges) ,OVERSEAS campuses (British colleges) ,CITY-states ,YOUNG adults ,HIGHER education ,MARKETING - Abstract
Higher education has become a key strategy for the economic development of certain city-states that are positioning themselves as higher education hubs, recruiting both students and foreign providers. This article presents the findings of a research study that examined the online messages of foreign branch-campuses in education hubs (Dubai, Hong Kong, Singapore). The project adapts and expands on Fairclough’s notion of critical discourse analysis to include virtual discursive space in order to understand how foreign providers address context, and what values are central to their programming, as they construct their virtual presence in new locations. The findings identify that the dominant themes on institutional websites reflect key issues facing higher education, including quality, leadership, international connections and technological advancement. The paper concludes with a conceptual framework that assists institutions in moving beyond these themes to re-consider context in their overseas operations. [ABSTRACT FROM PUBLISHER]
- Published
- 2014
- Full Text
- View/download PDF
13. A family-friendly policy for Hong Kong: lessons from three international experiences.
- Author
-
Lai-ching, Leung and Kam-wah, Chan
- Subjects
WORK-life balance ,SOCIAL policy ,SOCIAL services ,WELFARE economics ,RECONCILIATION - Abstract
Purpose – The purpose of this paper is to compare the family-friendly policies developed in Sweden, the UK and Singapore and discuss the implications on family-friendly policies in Hong Kong. Design/methodology/approach – The study draws on policy documents of the three countries, to examine the welfare model, the service provisions and the outcomes of the family-friendly policies. Findings – In the study, the paper finds that considerable differences exist among the three countries in their conception of the role and responsibility of government in the reconciliation of family and work conflict. Strategies ranging from a high degree of intervention to minimal intervention are closely related to the social welfare regime of a country. Learning from the international experiences, it is important to link work and family policies in developing family-friendly policy in Hong Kong because work and family are not two separate worlds. Originality/value – Numerous studies have documented the effectiveness and impact of family-friendly policies in their own countries, but little has been done to compare the international experiences. The analysis contributes to offer a clear direction of developing family-friendly policy in Hong Kong. [ABSTRACT FROM AUTHOR]
- Published
- 2012
- Full Text
- View/download PDF
14. Comparisons of Motivation of Different Chinese Background Students in Australian Tertiary Education.
- Author
-
Shi Li
- Subjects
MOTIVATION (Psychology) ,CHINESE students in foreign countries ,POSTSECONDARY education ,UNIVERSITIES & colleges ,CURRICULUM ,TEACHING methods - Abstract
This study investigated the intrinsic and extrinsic motivation of 179 Chinese background students at two Australian universities in 2007. Students from mainland China, Hong Kong, Malaysia and Singapore completed an OEDC model questionnaire with a focus on motivation which is regarded as the driving force behind learning. This paper seeks to discover the motivation of Chinese background students in taking courses or units at Australian universities, in order to shed some light on curriculum design for Australian universities. Quantitative and qualitative approaches were used in this study. The findings of this study can be used to assist in the curriculum development for Australian universities, and can also suggest effective teaching methods for Chinese background school students in higher education of Australia. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
15. A COMPARATIVE STUDY OF EXCHANGE RATE REGIMES AND MACRO-INSTABILITIES IN THE TWIN ECONOMIES OF SINGAPORE AND HONG KONG.
- Author
-
MA, YUE, KUEH, Y. Y., and NG, RAYMOND C. W.
- Subjects
ECONOMIC models ,MACROECONOMICS ,CONJOINT analysis ,FOREIGN exchange rates ,INTEREST rates - Abstract
Based on a small, open-economy IS-LM prototype model, this paper examines the sources of macroeconomic instabilities in Hong Kong and Singapore operating under two different currency board arrangements. The empirical findings suggest that in general, both external and internal factors contribute to the macroeconomic volatilities observed in the two economies. There is evidence of a tradeoff between exchange rate and interest rate targeting for the stability of money supply in Singapore. Our findings have important implications for Mainland China's monetary authorities in the transition from a hard-peg exchange rate regime like Hong Kong to a basket-link system like the one in Singapore. [ABSTRACT FROM AUTHOR]
- Published
- 2007
- Full Text
- View/download PDF
16. Reconstructing Cultures for Relational Contracting.
- Author
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Kumaraswamy, Mohan M., Rahman, M. Motiar, Ling, Florence Yean Yng, and Siew Ting Phng
- Subjects
CONTRACTING out ,CONTRACTION operators ,CONTRACTS - Abstract
Although previous research has pointed to potential performance gains through relational contracting (RC), reservations remain as to its value and viability. Even those who wish to use RC need guidelines for introducing it, especially where it clashes with prevalent project cultures. A study was launched from Hong Kong to identify the critical factors which promote RC and team building in the context of specific cultures. This paper consolidates the perceptions of 60 respondents to a questionnaire survey in Singapore, in relation to the hypothesized 24 factors facilitating RC, and 28 factors impeding/deterring RC. It indicates the evident readiness of the Singaporean contracting industry to embrace collaborative working practices. On the whole: (1) all the 24 factors facilitating RC, and 23 of the 28 factors deterring RC, are significant; (2) these two sets of factors could be represented by six and seven “broad factors,” respectively; and (3) except in a few cases, respondents from large and medium companies, as well as with and without experience in RC, have similar perceptions of the importance of different factors. It was perceived that trust should be at the core of RC approaches to construction procurement, but also seen that the current level of trust is low. Identifying the principal “facilitators” and “impediments”/ deterrents to RC, provides pointers to building relationally integrated teams to boost performance to much higher levels, as are now expected from the industry. The literature indicates that the outcome of the survey in Singapore reflects the trends in many countries that are moving toward RC. This research model and approach may be conveniently replicated in other contractual regimes, in order to reinforce these observations. [ABSTRACT FROM AUTHOR]
- Published
- 2005
- Full Text
- View/download PDF
17. Virtual MICE Promotion: A Comparison of the Official Web Sites in Hong Kong and Singapore.
- Author
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Cheung, Catherine and Law, Rob
- Subjects
INTERNET ,TOURISM ,HOSPITALITY industry ,WEBSITES ,CONTENT analysis ,INTERNET in publicity ,MEETING site selection - Abstract
Hong Kong and Singapore have been the leading cities for hosting MICE in Asia. Every year, thousands of events are held, both by local and international organizers, in Singapore and Hong Kong. Despite the significant economic contributions of MICE to a local economy, hospitality and tourism literature seldom analyzes Hong Kong and Singapore in terms of MICE promotion. The absence of published articles is particularly true in the context of virtual promotion. This paper reports on a study examining events promotion in the Web sites of the Hong Kong Tourism Board and the Singapore Tourism Board. The paper also analyzes the performance of the official Web sites in providing useful site selection information to event organizers and meeting planners. Empirical results of a content-based analysis indicate that the information provided by the Singaporean Web site is more comprehensive than its Hong Kong counterpart. [ABSTRACT FROM PUBLISHER]
- Published
- 2002
- Full Text
- View/download PDF
18. A comparative analysis of research and development spending and total factor productivity growth in Hong Kong, Shenzhen, Singapore.
- Author
-
Sharif, Naubahar, Chandra, Kevin, Mansoor, Athar, and Sinha, Kirti Bhasin
- Subjects
- *
INDUSTRIAL productivity , *RESEARCH funding , *RESEARCH & development , *COMPARATIVE studies - Abstract
• We focus on three locations in the Asia-Pacific region—Hong Kong, Shenzhen, and Singapore. • We analyze the impact of variations in research and development (R&D) spending on total factor productivity (TFP) growth. • In each of the three cases, we compare and contrast the role of public and private R&D in boosting TFP growth as well as the pattern of causality between public and private R&D and the capacity of both types of R&D to generate economic spillovers. • We show that the impact of both private and public R&D varies across the three cases, with significant but limited outcomes for TFP growth in the case of Hong Kong, no significant growth in Shenzhen, but strong and positively significant growth in Singapore. In this paper, we focus on three locations in the Asia-Pacific region—Hong Kong, Shenzhen, and Singapore—to analyse the impact of variations in research and development (R&D) spending on total factor productivity (TFP) growth. In each of the three cases, we compare and contrast the role of public and private R&D in boosting TFP growth as well as the pattern of causality involving public and private R&D and the capacity of both types of R&D to generate economic spillovers. Our results show that the impact of both public and private R&D varies across the three cases, with significant but limited outcomes for TFP growth in the case of Hong Kong, no significant growth in Shenzhen, but strong and positively significant growth in Singapore. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
19. Materialising Markets: The Agency of Auctions in Emergent Art Genres in the Global South.
- Author
-
Archer, Anita
- Subjects
ART auctions ,DEVELOPING countries ,MODERN art ,AUCTION houses ,ASIAN art ,CHINESE art ,COMMERCIAL art galleries - Abstract
For the last two decades, the international auction houses Sotheby's and Christie's have been at the forefront of global art market expansion. Their world-wide footprints have enabled auction house specialists to engage with emerging artists and aspiring collectors, most notably in the developing economies of the Global South. By establishing their sales infrastructure in new locales ahead of the traditional mechanisms of primary market commercial galleries, the international auction houses have played a foundational role in the notional construction of new genres of art. However, branding alone is not sufficient to establish these new markets; the auction houses require a network of willing supporters to facilitate and drive marketplace supply and demand, be that trans-locational art market intermediaries, local governments, and/or regional auction businesses. This paper examines emerging art auction markets in three Global South case studies. It elucidates the strategic mechanisms and networks of international and regional art auction houses in the development of specific genres of contemporary art: Hong Kong and 'Chinese contemporary art', Singapore and 'Southeast Asian art', and Australia and 'Aboriginal art'. Through examination and comparison of these three markets, this paper draws on research conducted over the past decade to reveal an integral role played by art auctions in the expansion of broader contemporary art world infrastructure in the Global South. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
20. Real estate market cyclical dynamics The prime office sectors of Kuala Lumpur, Singapore and Hong Kong.
- Author
-
Ho, Kim Hin/David and Addae-Dapaah, Kwame
- Subjects
REAL estate business ,VECTOR autoregression model ,CONSTRUCTION industry - Abstract
Purpose – The purpose of this paper is to help us understand the real estate cycle and offers an analysis using a vector auto regression (VAR) model. The authors study the key international cities of Hong Kong, Kuala Lumpur and Singapore. The authors find four key outcomes. One, the real estate cycle is generally different from the underlying business cycle in local markets for the cities studies. Two, the real estate cycle is more exaggerated in the construction and development areas than in rents and vacancies. Three, the vacancy cycle tends to lead the rental cycle. And four, new construction completions tend to peak when vacancy is also peaking. The authors believe that future research should try to help understand the linkages that drive these outcomes. For example, are rigidities in the local permit and construction markets responsible for the link between construction peaks and vacancy peaks? Design/methodology/approach – Real estate market cyclical dynamics and its estimation via VAR model offers an insightful set of practical and empirical models. It affirms a comprehensive theoretical underpinning for analysing the prime office and residential sectors of the capitol cities of Kuala Lumpur, Singapore and Hong Kong in the fast developing Asia region. Its unrestricted form also provides an effective and insightful way of modelling real estate market cyclical dynamics utilising only real estate market indicators, furnished by real estate market data providers. Findings – The office rental VAR model for Singapore (SOR), KL (KOR) and HK (HOR) show good fits. In the HOR model, rents and vacancies are negatively signed and significant for certain lagged relationships with other variables and with rents themselves. The office CV VAR model for Singapore (SOCV), KL (KOCV) and HK (HOCV) show good fits. In the HOCV model, capital values (CVs) and initial yields are negatively signed and significant for certain lagged relationships with other variables and with CVs themselves. Impulse response functions specified for seven years to mirror a medium-term real estate market cycle “die out” to zero for the stationary VAR models that are estimated for the endogenous variables. The accumulated responses asymptote to some non-zero constant. Practical implications – The VAR model offers a complete and meaningful dynamic system of solely real estate variables for international real estate investors and policy makers in decision making. Its unrestricted form offers an effective and insightful way of modelling real estate market cyclical dynamics utilising only real estate market indicators, which can be reliably provided by a dedicated real estate information and consultancy provider of international standing. Originality/value – The theoretical model offers a complete dynamic model system of the real estate space market, comprising a unique system of six linked equations that denote the relationship among supply, demand, construction, vacancy and rent over time, inclusive of price response slopes and lags. The VAR model enables the investigation of the effect of the lagged values of all the variables concerned. It also enables the explicit and rigorous quantitative forecasts of say rents and CVs when the rest of the variable can be forecasted beforehand. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
21. THE DETERMINANTS OF SINGAPORE'S OUTWARD FOREIGN DIRECT INVESTMENT TO CHINA AND HONG KONG.
- Author
-
Shi Ting Leong and Chew Ging Lee
- Subjects
- *
FOREIGN investments , *COINTEGRATION , *HOST countries (Business) , *ECONOMIC history - Abstract
This paper examines the determinants of foreign direct investment (FDI) from Singapore to two main host destinations: China and Hong Kong. It allows policy makers and researchers to understand the differences/similarities in the determinants of FDI from Singapore to a developing country, China, and a developed country, Hong Kong. Annual time series data covers the period 1994 to 2014 is used. Commonly used determinants, such as gross domestic product per capita of a host country, gross domestic product per capita of Singapore, real interest rate of a host country and trade openness of a host country are utilized to study Singapore's outward FDI (OFDI). Because the sample has only 21 observations, autoregressive distributed lag based bounds testing approach to cointegration developed by Pesaran, Shin & Smith (2001) is used to estimate cointegrating regression among these variables. This approach is an appropriate econometric estimation technique because the estimated long-run coefficients obtained from the reparameterization of an ARDL model are super-consistent even in small sample size. The main findings show that gross domestic product per capita of a host country attracts FDI from Singapore to each of these countries. It is also observed that higher interest rates in these two host countries attract Singapore's FDI. The degree of openness of China influences the flows of Singapore's FDI to China positively, but not for Hong Kong. It is a surprise that this empirical study is unable to find evidence that gross domestic product per capita of Singapore has an influence on its own FDI outflows. The overall results reveal that the motives of multinational corporations (MNCs) from Singapore to invest abroad typically differ between developing and developed economies, depending upon their respective competitive advantages. In general, MNCs invest in more advanced economies, such as Hong Kong, due to its purchasing power and market potential. Same goes for the developing markets, such as China, that consists of cheaper labor and large market opportunities. For the developing economies, trade liberalization is proved to be the pull factor that attracts MNCs. The more open an economy, the greater the attraction it has to MNCs. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
22. Whither the Common Law Derivative Action?
- Author
-
Ji Lian Yap
- Subjects
COMMON law ,ACTIONS & defenses (Law) ,JURISDICTION - Abstract
The common law derivative action was developed as a result of decades of case law in common law jurisdictions. Hong Kong and Singapore continue to retain the common law derivative action within their respective legal frameworks, despite both having enacted statutory derivative actions. This paper considers the situations in which the common law derivative action continues to have practical application in each of these jurisdictions. It then considers whether the common law derivative action should be abolished in these jurisdictions, and if so, what consequential changes should be made to the statutory derivative action framework concurrent with this proposed abolition. [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
23. THE USEFULNESS OF KEY PERFORMANCE INDICATORS TO PUBLIC ACCOUNTABILITY AUTHORITIES IN EAST ASIA.
- Author
-
Taylor, Jeannette
- Subjects
DECISION making ,KEY performance indicators (Management) ,PERFORMANCE standards - Abstract
The article discusses the mandated reporting of key performance indicators by public agencies to public accountability authorities in Taiwan, Hong Kong, and Singapore. The author suggests that the existence of these indicators in public agencies' annual reports and budget papers does not necessarily lead to their effective use for decision making. The actual utilization of these indicators for making decisions should be described as careful and cautious. They are still affective because they give symbolic benefits to the government.
- Published
- 2007
- Full Text
- View/download PDF
24. Economic Performance of Property Companies in Hong Kong.
- Author
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Hui, EddieC. M., OOI, JosephT. L., and Wong, Kelvin
- Subjects
REAL estate business ,ECONOMIC value added (Corporations) ,CAPITAL investments ,INTEREST rates ,RATE of return ,FINANCIAL risk - Abstract
This paper examines the economic performance of 16 property companies in Hong Kong, and how well they do in comparison with Singapore property companies. The results show that Hong Kong property companies that diversified into other sectors appeared to perform better than those focused solely in real estate. Property companies in Hong Kong generally achieved higher rate of returns on their capital invested than Singapore property companies. Government financial assistance for private homeownership is believed to play an important role in the relatively better performance of Hong Kong's companies, particularly after 1997. Meanwhile, firms in Hong Kong are exposed to higher weighted average cost of capital due to higher business risks, in addition to higher interest rate stemmed from a linked exchange rate system. On the whole, property companies in both Singapore and Hong Kong do not perform well from an Economic Value-Added (EVA) perspective, but this does not necessarily mean that they are poorly managed. The empirical results show that the performance of a company is influenced dramatically by profits generated from the sale of non-property assets. [ABSTRACT FROM AUTHOR]
- Published
- 2007
- Full Text
- View/download PDF
25. State or Civil Society – What Matters in Fighting COVID-19? A Comparative Analysis of Hong Kong and Singapore.
- Author
-
Wong, Wilson and Wu, Alfred M.
- Subjects
COVID-19 ,COMPARATIVE studies ,CAUSATION (Philosophy) ,CIVIL society - Abstract
This article investigates the nuanced and disaggregated role of state and civil society in the fight against COVID-19 in Hong Kong and Singapore through a comparative policy study. Hong Kong and Singapore provide two contrasting cases of state-society interaction under the framework of Political Nexus Triads (PNT). Hong Kong combats COVID-19 with greater dependence on its civil society and bureaucrats, while Singapore relies more on a state-centred approach. They represent the diversity of state-society relations and multiple configurational causality in the COVID-19 responses and question the efficacy of any single and contextless model. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
26. From SARS to COVID-19: Digital infrastructures of surveillance and segregation in exceptional times.
- Author
-
Tan, Shin Bin, Chiu-Shee, Colleen, and Duarte, Fábio
- Subjects
- *
ELECTRONIC surveillance , *COVID-19 pandemic , *SARS-CoV-2 , *INFECTIOUS disease transmission , *DIGITAL technology , *COVID-19 , *PANDEMICS - Abstract
The COVID-19 pandemic, an exceptional crisis, sparked the introduction of new digital infrastructure to halt the novel coronavirus's spread. This paper explores how such digital infrastructure's impact might reverberate over the long term, by comparing Singapore, Hong Kong, and mainland China's utilization of digital technology in response to the 2003 SARS outbreak, and their responses to the 2020 COVID-19 pandemic. We find that advancements in digital technology since 2003 have boosted governments' surveillance and segregation abilities substantially—most dramatically so in China. Even though some of these new digital interventions are ostensibly designed to be temporary ones to address the needs of the immediate crisis, we argue that the resultant extensions of state power experienced during COVID-19 are likely to have profound long-term effects because they fundamentally affect sociopolitical contexts, institutional capabilities, and digital cultures. We also find that the extent to which governments can extend digital surveillance and segregation abilities during the pandemic is contingent on their respective sociopolitical, institutional, and digital cultural contexts. • COVID-19 pandemic sparked calls for a new digital infrastructure. • We compare 2003 SARS outbreak to COVID-19 pandemic. • New digital technologies increased governments' ability to surveil and segregate. • Their impact on surveillance and segregation will persist post COVID-19. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
27. Ideological manoeuvres in and around Pink Dot: A geopolitics of gender/sexuality in Asia.
- Author
-
Lazar, Michelle M.
- Subjects
GENDER ,PINK ,HUMAN sexuality ,GEOPOLITICS ,SOCIAL movements ,WOMEN'S sexual behavior - Abstract
This commentary comprises two parts. In the first part, different ways 'ideological manoeuvres' performed in and around Pink Dot discourses in Singapore and Hong Kong, as evinced in this special issue, are highlighted. 'Ideological manoeuvres' refer to the ideological actions and skilful management undertaken by social actors, explicitly or implicitly, to bring about or secure a tactical end in support of, or in opposition to, the Pink Dot LGBT social movement. In the second part, how the ideological manoeuvres are on-goingly shaped by, and shape, the geopolitics of gender/sexuality in Singapore and Hong Kong are discussed. In this regard, two areas are highlighted: the politics of Pink Dot's expressed apoliticism; and the transnational purchase of Pink Dot's mode of political organising. Both of these areas 'speak to' a critical project on the decolonisation of gender/sexual knowledge-making and practice in these two Asian contexts. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
28. Lifeworlds of nine- and ten-year-old children: out-of-school activities in three global cities.
- Author
-
Yelland, Nicola, Muspratt, Sandy, Bartholomaeus, Clare, Karthikeyan, Nanthini, Chan, Anita Kit Wa, Leung, Vivienne Wai Man, Lee, I-Fang, Soo, Li Mei Johannah, Lim, Kam Ming, and Saltmarsh, Sue
- Subjects
LIFEWORLD ,TIME management ,CHILD behavior ,SCHOOL children ,ELEMENTARY education - Abstract
There has been much discussion about the high performance of East Asian students in international high stakes testing, but little attention has been paid to their lifeworlds beyond school. In this article we explore findings from a survey of 627 Year 4 children (nine and ten years old) in three global cities (Hong Kong, Singapore, and Melbourne), focusing on their out-of-school activities as one aspect of their lifeworlds. The findings indicate that the most common activities in each location were comparable. Since the activities in the three locations were largely similar, the findings problematise East/West binaries which have been a feature of research and discussions in this area. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
29. Neighbourhood environment and depressive symptoms among the elderly in Hong Kong and Singapore.
- Author
-
Lam, Winnie W. Y., Loo, Becky P. Y., and Mahendran, Rathi
- Subjects
MENTAL depression ,OLDER people ,NEIGHBORHOODS ,STRUCTURAL equation modeling ,HEALTH policy ,FRAIL elderly - Abstract
Background: Geriatric depression is a growing public health issue worldwide. This study aims at identifying the relevant neighbourhood attributes, separate from the individual-level characteristics, that are related to the onset of depressive disorders among the geriatric population. Methods: This study adopts a structural equation modelling (SEM) approach to understand the effect of the neighbourhood environment on geriatric depression, as identified by data collected from community-dwelling elderly living in Hong Kong and Singapore. Using network buffers as the unit of analysis, different features of the neighbourhood environment are captured and analysed. SEM also examines the strength and direction of the relationships using different parameters at both the individual and neighbourhood levels, as well as the prevalence of depressive symptoms among the elderly. Results: The total sample size is 347, with 173 and 174 elderly people in Hong Kong and Singapore respectively. The results show that in addition to one's physical health status, both objective and subjective neighbourhood factors including the size of parks, land use mix, walkability, and connectivity are all statistically significant influential factors in geriatric depression. In particular, enhancing walkability and providing more parks at the neighbourhood level can bring mental health benefits. Conclusions: Public health policy initiatives aimed at tackling geriatric depression can be achieved by adopting a holistic and integrative approach to better prepare the neighbourhood environment in an ageing society. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
30. Targeting and Mistargeting of Family Policies in High-Income Pacific Asian Societies: A Review of Financial Incentives.
- Author
-
Chen, Mengni, Gietel-Basten, Stuart, and Yip, Paul S. F.
- Subjects
MONETARY incentives ,FAMILY policy ,BIRTH order ,MARRIAGE age ,STOCHASTIC models ,FERTILITY - Abstract
Very low fertility rates can be found in many high-income Pacific Asian societies, such as Hong Kong, South Korea, Japan, Singapore, and Taiwan. Governments in these territories have already taken pronatalist policies but with only modest effects, especially when measured by overall total fertility rate. Mistargeting has been cited as a potential explanation for this impact. To explore this notion in greater depth, we first identify the potential target groups that are most influential in changing the TFR for the five societies, based on a stochastic model and fertility elasticity analyses. Then we examine the targeting of current pronatalist policies, especially financial incentives and marriage policies. The analyses show that marriage rates, especially among women aged 25–29 are the most influential factor in shaping contemporary TFRs. Third and higher order births are insignificant in changing the fertility trajectories for all the five places. Besides, there are also territory-specific patterns. For Hong Kong, Taiwan and Singapore, first births (especially among women aged 30–34) are the second most influential factor; for South Korea, second births (especially among women aged 30–34) actually play a very important role, next only to marriage; for Japan, first- and second births are much less influential while marriage is an overwhelmingly essential factor of fertility. Furthermore, the review of financial incentives in these places reveals the mismatch between the targeting suggested by our analysis and the targeting implied by current policy measures. The mistargeting, piecemeal measures and the low level of financial support may be partly responsible for the ineffectiveness of the governmental action. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
31. When new media operates within a state-mediated press system: assessing new media's impact on journalism crisis perceptions in Singapore and Hong Kong.
- Author
-
Wu, Shangyuan
- Subjects
MASS media ,JOURNALISM ,DIGITAL media ,ONLINE journalism ,CITIES & towns ,ORGANIZATIONAL legitimacy - Abstract
New media has been described as both a boon and a bane for journalism in contemporary times, enabling more issues to be tabled while drawing resources away from traditional newsrooms and spreading unverifiable content. How new media has impacted journalism, however, has tended to be couched within the liberal-democratic ideological framework found typically in dominant Anglo-American literature; research has been scant on societies that may be exposed to Western liberal ideals but whose media systems still experience some form of authoritarian influence or control. Of interest are two Asian 'global cities' in transition, Singapore and Hong Kong, labeled by scholars as 'authoritarian' and 'semi-authoritarian' respectively. Through a textual analysis of survey and interview responses from 160 news journalists, this study identifies the need for a three-dimensional approach to examine new media's impact on journalism crisis perceptions in such hybrid societies – at the material, discursive, and ideological levels. Despite less state control on the media in Hong Kong, both online and offline, this study discovers that it is the Singaporeans that experience less fear of journalism crisis in the digital age, prompting alternative ways to understand state mediation of the press in a digital media landscape. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
32. The institutional structuring of innovation policy coordination: theory and evidence from East Asia.
- Author
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Zhang, Xiaoke
- Subjects
COLLECTIVE action ,ORGANIZATIONAL structure ,POLICY sciences ,EMERGING markets - Abstract
This article suggests that variations in the dominant pattern of innovation policy coordination can be analysed and understood effectively by dividing innovation and other complementary socio-economic policies into low-complexity and high-complexity tasks. The effective implementation of these two sets of policy tasks that differ in the extent, nature and intractability of collective action problems confronting the coordination process hinges on the strength of two sociopolitical institutions: bureaucratic organizational structures and interactive governing arrangements. While bureaucratic organizational structures are better suited to delivering low-complexity tasks, interactive governing arrangements are more effective in resolving high-complexity policy problems. They interact differently across political economies to structure the management of coordination challenges and thus give rise to divergent patterns of innovation policy-making. The comparative analysis of innovation policy coordination between Hong Kong and Singapore over the past two decades lends strong support to the central theoretical propositions of the article. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
33. Age, source, and future risk of COVID-19 infections in two settings of Hong Kong and Singapore.
- Author
-
Zhu, Shuying, Tao, Jun, Gao, Huizhi, and He, Daihai
- Subjects
COVID-19 ,AGE differences ,AGE ,PANDEMICS ,INFECTION ,POPULATION aging - Abstract
Objective: To explore and compare the age, source and future risk of COVID-19 infection in Hong Kong SAR China and Singapore as of March 5, 2020. Results: We find significant difference in age patterns of confirmed cases in these 2 localities early in the pandemic. Conclusion: We highlight the potential importance of population age structure in confirmed cases, which should be considered in evaluation of the effectiveness of control effort in different localities. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
34. DESTINATION COMPETITIVENESS: A COMPARATIVE STUDY OF HONG KONG, MACAU, AND SINGAPORE.
- Author
-
TODD, LOUISE, LEASK, ANNA, and FYALL, ALAN
- Subjects
TOURIST attractions ,TOURISM research ,TOURISM - Abstract
This article presents a comparative study of the destination competitiveness of Hong Kong, Singapore, and Macau and those strategies developed to enhance their future positions in the global destination "marketplace." The methodology adopted is secondary in nature in that a critical review of the existing literature was conducted along with a synthesis of current practices across the three city-state destinations. The 15 Cs Framework provides the research parameters for the study in that it advocates an inclusive approach to those challenges and opportunities facing destinations as they seek to enhance their overall competitiveness. In particular, the study explores the specific approaches of the three destinations in terms of their similarity to thematically grouped clusters of the 15 Cs. The article closes by highlighting particular opportunities and challenges and potential management approaches that could be adopted within the destinations for the future. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
- View/download PDF
35. Patrolling Chineseness: Singapore’s Kowloon Club and the ethnic adaptation of Hong Kongese to Singaporean society.
- Author
-
Montsion, Jean Michel
- Subjects
CHINESE people ,IMMIGRANTS ,INTERNATIONAL relations ,SOCIETIES - Abstract
In combination with their strategy to recruit foreign talent, Singaporean state authorities have increasingly focused their attention on community integration schemes for Chinese professional newcomers. The government facilitated such integration with the creation of the Kowloon Club in 1990. The Kowloon Club is not only a government experiment that has been repeated three times since then, but also the only new migrant association that does not explicitly target Mainlanders. Through in-depth interviews with the Club’s leadership, I explore the ethnic adaptation of the Kowloon Club membership as it negotiates the evolving sense of Chineseness found in state designs and Singaporean society. Much like the emergence of the 1997 Hong Kongese identity, the Kowloon Club’s activities have shifted in strong reaction to the racialized category put forth by state authorities and embodied by Mainlander professionals in that the Club’s activities now symbolize and help patrol what Chineseness means as everyday performance in the city-state. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
- View/download PDF
36. Advertised psychologists and counsellors in Hong Kong and Singapore.
- Author
-
Pelling, Nadine
- Subjects
ADVERTISING ,COUNSELORS ,FIELDWORK (Educational method) ,PSYCHOLOGISTS ,QUESTIONNAIRES ,DESCRIPTIVE statistics - Abstract
Counselling and applied psychological practice are developing professional activities not yet legally regulated in Hong Kong and Singapore. As such, little is known about Singaporean and Hong Kong psychologists and counsellors. This survey research in a field setting aimed to describe Hong Kong and Singaporean Yellow Pages advertised counsellors and psychologists. Data were collected using a multiple mailing survey method. The practitioner’s (1) demographic characteristics, (2) counselling training and development, (3) provision of counselling services, (4) professional involvement and (5) competence level regarding five specific counselling areas were assessed. Advertised Hong Kong and Singaporean practitioners tended to be female, Chinese, bilingual, married, heterosexual, have families and hold Christian beliefs. They engage in counselling activities on a full-time basis and do not find burnout an issue and are satisfied with their financial remuneration regarding applied service which tends to be general in nature and involves couples and families. The advertised professionals in Hong Kong and Singapore tended to be qualified professionals trained at the university level and note that they are involved in supervision and professional development activities. Hong Kong and Singaporean counsellors and psychologists are thus described providing a historical snapshot of the nature of the therapeutic practice in this region. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
37. Does oil price shock affect small open economies? Evidence from Hong Kong, Singapore, South Korea and Taiwan.
- Author
-
Ran, Jimmy and Voon, JanP.
- Subjects
PANEL analysis ,GROSS domestic product ,ECONOMIC models ,ECONOMIC impact ,UNEMPLOYMENT - Abstract
We apply recursive VAR/VECM as well as panel data models to examine whether oil price shocks have any significant impacts upon the Asian small open economies. We found no significant impacts on Real Gross Domestic Product (RGDP), regardless of model specifications. However, we detected positive significant effects on unemployment after three time lags and significant contemporaneous effects on CPI in panel regressions contrary to previous studies. [ABSTRACT FROM AUTHOR]
- Published
- 2012
- Full Text
- View/download PDF
38. Exploring Marketing Strategies for Culinary Tourism in Hong Kong and Singapore.
- Author
-
Horng, Jeou-Shyan and Tsai, Chen-Tsang (Simon)
- Subjects
FOOD tourism ,MARKETING strategy ,DIET ,CULTURE - Abstract
This study focused on Hong Kong and Singapore and sought to explore culinary tourism development and marketing strategies and contents. The study also analyzed the framework of marketing strategies for developing culinary tourism from a resource-based theory perspective. The methodology primarily involved in-depth interviews with strategy planners on tourism boards and content analysis of academic documents and official publications on tourism as means for exploring marketing strategies for culinary tourism in Hong Kong and Singapore. The results showed that, although Hong Kong and Singapore do not have abundant natural resources to develop more diverse tourism experiences, they do have a diversified dietary and cultural background, and with a combination of tourism and creativity they could develop culinary tourism that is innovative, diverse and likely to attract attention. The public and private sectors could form strategic alliances to enhance the attractiveness of tourism through different marketing strategies and thereby present an image of the destination's culinary culture. [ABSTRACT FROM AUTHOR]
- Published
- 2012
- Full Text
- View/download PDF
39. Hong Kong as an international banking center: present and future.
- Author
-
García-Herrero, Alicia
- Subjects
INTERNATIONAL banking industry ,RENMINBI ,STOCK exchanges ,FOREIGN exchange market - Abstract
The banking industry is key for Hong Kong's economy, but Hong Kong is not a big international banking center, at least not when compared with other centers belonging to large economic areas, such as New York and, to a lesser extent, Tokyo. Within Asia, Hong Kong has a larger banking sector as a whole, but the position is similar if we focus on the offshore side of it, where Singapore is growing faster than Hong Kong. Furthermore, Singapore is being more active as a banking platform for international corporates while Hong Kong remains larger in terms of banking relations. In fact, Hong Kong continues to have one of the highest concentrations of large banking institutions in the world. Such an international banking platform, together with the increasing local presence of Chinese banks, offers Hong Kong a unique opportunity to become a major banking center, probably the largest offshore center in Asia. Whether Hong Kong reaps this opportunity will very much depend on how it navigates among the opportunities that China offers in its current situation of capital controls without losing its international clout. In fact, the Hong Kong banking system should benefit from the business from China coming offshore due to capital controls (including not only renminbi [RMB] settlements but also issuance of RMB-denominated bonds). However, it should also look for non-Chinese-related banking business so as to ensure that it remains distinguishable from China's domestic banking system in the years to come. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
40. Modeling the Heterogeneity in Contractors’ Mark-Up Behavior.
- Author
-
Oo, Bee-Lan, Drew, Derek S., and Lo, Hing-Po
- Subjects
CONTRACTORS ,BIDS ,ECONOMIC competition - Abstract
Individual contractors exhibit different bidding behaviors when confronted with a given set of project decision environment factors, i.e., heterogeneity in the population of contractors. In examining the tenability of the bidder homogeneity assumption, a linear mixed modeling approach is applied to two data sets obtained from Hong Kong and Singapore contractors via a bidding experiment. Two linear mixed models were developed by relating the contractors’ mark-up decision to four project decision environment factors, namely, (1) market conditions; (2) number of bidders; (3) project type; and (4) project size. The results show that not only is there a significant heterogeneity between the Hong Kong and the Singapore contractors in terms of both their preferences (intercepts) and responses (slopes) to the project decision environment factors that affect their mark-up decision, but also that the individual Hong Kong and Singapore contractors have different degrees of sensitivity toward the project decision environment factors (which is reflected in the varying individual-specific intercepts and slopes). These individual-specific parameter estimates have implications for managerial action in formulating a firm’s competitive strategies. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
41. Opposition and Regime Legitimacy.
- Author
-
Ortmann, Stephan
- Subjects
DEMOCRATIZATION ,POLITICAL opposition ,MASS mobilization ,ORGANIZATIONAL behavior research ,COALITIONS ,COMPARATIVE government - Abstract
This article seeks to understand the changing behavior of oppositional groups during socioeconomic changes using a comparative study of Singapore and Hong Kong. In order to better understand this process, three ideal typical phases are suggested. An almost complete lack of oppositional behavior characterizes the first phase, the 'colonial phase'. Second, the 'localization phase' occurs due to the increasing complexity of the political system and the need to become more responsive to the people. A major legitimacy crisis fundamentally changes the relationship between oppositional groups and the Government. In the 'decolonization phase', oppositional groups become mobilized and form coalitions to demand greater democratization. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
42. Development of the Nonprofit Sector in Hong Kong and Singapore: A Comparison of Two Statist-corporatist Regimes.
- Author
-
Lee, ElizaW.Y. and Haque, M.Shamsul
- Subjects
NONPROFIT organizations ,POLITICAL autonomy - Abstract
This article compares the development of the non-profit sector in two Asian city-states, namely Singapore and Hong Kong. Adapting the classification scheme of the 'social origins' theory, we argue that their non-profit regimes can be characterized as 'statist-corporatist', which is conceptually distinguishable from the 'societal-corporatist' regimes that are more commonly found in some European states. We will identify the factors shaping the historical formation of statist-corporatist non-profit regimes as well as the factors affecting their degree of 'statism'. We will also examine how the degree of statism of the corporatist regimes may affect the development of civil society through limiting the capability of NPOs to negotiate their own sphere of autonomy vis-a-vis the state and in shaping civilities. Lastly, we will discuss how the recent trends of reform in the regulatory system and new state-led community building efforts have affected the development of these non-profit regimes. [ABSTRACT FROM AUTHOR]
- Published
- 2008
- Full Text
- View/download PDF
43. The story of two administrative states: state capacity in Hong Kong and Singapore.
- Author
-
Cheung, AnthonyB.L.
- Subjects
PUBLIC administration ,ECONOMIC development ,ECONOMIC indicators - Abstract
Hong Kong and Singapore are both typical administrative states with an efficient administration and a vibrant market, which had achieved rapid economic growth in the past decades. This article examines the trajectory of their state capacity, highlighting recent problems and challenges. Based on a conceptual framework that captures and links up four dimensions - namely polity, bureaucracy, economy and civil society - their commonalities and differences in response are discussed. Their experience should be of particular relevance to transitional authoritarian states in Asia such as China, which faces similar challenges to reform in the arenas of politics, administration, economics and society. [ABSTRACT FROM AUTHOR]
- Published
- 2008
- Full Text
- View/download PDF
44. CULTURAL DIMENSIONS AND FRAMING THE INTERNET IN CHINA A Cross-Cultural Study of Newspapers' Coverage in Hong Kong, Singapore, the US and the UK.
- Author
-
Xiang Zhou
- Subjects
COMPARATIVE studies ,INTERNET ,ETHICS - Abstract
The current study introduces Hofstede's cultural dimensions into framing research by conducting a cross-cultural comparative analysis of news coverage of the Internet in China from 2000 to 2004 in Hong Kong, Singapore, the US and the UK. Differences were found in terms of both the salience of Internet-related issues and the use of news frames across societies. The patterns of cultural influence of cultural dimensions with interaction effects varied with different types of generic news frames (i.e. human interest, conflict, responsibility, morality and economic consequences). The dimension of long-/short-term orientation was found significant in determining the presence of most types of news frames. [ABSTRACT FROM AUTHOR]
- Published
- 2008
- Full Text
- View/download PDF
45. A NOTE ON THE CORRELATION RELATIONSHIP AMONG SINGAPORE, HONG KONG AND THE US CAPITAL MARKETS SINCE THE HONG KONG HANDOVER:: IMPLICATION FOR INTERNATIONAL PORTFOLIO MANAGEMENT.
- Author
-
CHAN, LEO H.
- Subjects
CAPITAL market ,MONEY market ,INTERNATIONAL economic relations ,PORTFOLIO management (Investments) - Abstract
In this note, I document the change in correlation between Hong Kong, Singapore and the US financial market indexes using Geweke Measures after the handover of Hong Kong to China. The results show that these relationships have changed significantly. While the feedback relationship between Hong Kong, Singapore and the US markets increase after the handover of Hong Kong, the increases in feedback relationship between Singapore and the US markets is relatively higher compared to the change between Hong Kong and the US markets. [ABSTRACT FROM AUTHOR]
- Published
- 2006
- Full Text
- View/download PDF
46. Preferred shopping destination: Hong Kong versus Singapore.
- Author
-
Yeung, Sylvester, Wong, James, and Ko, Edmond
- Subjects
SHOPPING ,TOURISM ,TRAVEL ,ECONOMIC competition - Abstract
Visitor shopping is an important contributor to the economy of Hong Kong as it accounts for more than half the total visitors' expenditure. Owing to its significance, and strong competition from Singapore, Hong Kong must re-examine the city's attraction to shoppers. The tourism and retail industries of Hong Kong must formulate effective strategies to identify the strengths and weaknesses of the shopping environment in both cities. This study surveys 309 international visitors about their shopping expectations and perceptions of Hong Kong and Singapore in 15 attributes. Results were analysed by SPSS software (Statistical Package for Social Science) using the techniques of frequencies and paired t-tests. Singapore outperforms Hong Kong notably in many areas, such as language ability, attitude and efficiency of service staff. The findings indicate an urgency for Hong Kong to strive harder. In conclusion, the article provides some recommendations for the city to re-establish its reputation as the ‘shopping paradise’ of the Asia Pacific region and to meet the challenge of Singapore as the preferred shopping destination. Copyright © 2004 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]
- Published
- 2004
- Full Text
- View/download PDF
47. Becoming Asia's Art Market Hub: Comparing Singapore and Hong Kong.
- Author
-
Molho, Jeremie
- Subjects
ART industry ,CHINESE art ,ART fairs ,COMMERCIAL art galleries ,AUCTION houses ,JOB fairs - Abstract
The recent emergence of new regions in the global art market has been structured by hub cities that concentrate key actors, such as global auction houses, influential art fairs, and galleries. Both Singapore and Hong Kong have developed explicit strategies aimed at positioning themselves as Asia's art market hub. This followed the steep rise of the Chinese art market, but also the general perception of Asia as the world's most dynamic art market. While Hong Kong's emergence derives from its status as gateway to the Chinese market, and has been driven by key global players, such as the auction houses Christies' and Sotheby's, the Art Basel fair, and mega-galleries, Singapore's strategy has been driven by the state. At the end of the 2000s, the city identified the art market as a new growth sector, and proactively invested, by creating a cluster concentrating international galleries and supporting art fairs, art weeks, and new world-class cultural institutions. Based on comparative fieldwork, and interviews with actors of the Singapore and Hong Kong art markets, this article shows that the two cities' distinct strategies have generated contrasted models of "cultural hubs", and that they play complementary roles in the structuration of the region's art market. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
48. Computer Based Information Systems (CBIS) Adoption in Small Businesses: Hong Kong Experience and Success Factors.
- Author
-
Chi-wai Chung and Mo-lin Tang, Moureen
- Subjects
INFORMATION storage & retrieval systems ,SMALL business ,CROSS-cultural differences ,BUSINESS ,FINANCE - Abstract
The rapid development of computerized technology has led to increasing use of computer based information systems (CBIS) in small businesses. In view of the high cost of implementing and managing a CBIS, justifications for the application of computer technology in small businesses continue to be debated throughout the world. This study empirically investigates the current usage and success factors of CBIS in small businesses of Hong Kong and compares these findings with those of related studies in Canada, the United Stales, and Singapore. This research has identified several common global factors that would affect the CBIS success of small businesses: 1) Length of computerization experience, 2) Level of financial support, 3) Presence of formal systems planning, 4) Number of administrative applications, 5) Level of computer vendor support, 6) Level of computer knowledge of owner/managers, and 7) Presence of internal systems experts. In addition, this study has also identified two new success factors: the presence of CBIS security control and level of end-user computing training. [ABSTRACT FROM AUTHOR]
- Published
- 1999
- Full Text
- View/download PDF
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