REGIONAL OFFICES IN SINGAPORE: SPATIAL AND STRATEGIC INFLUENCES IN THE LOCATION OF CORPORATE CONTROL

This paper reports a postal questionnaire survey of 130 regional offices in Singapore. The survey examines location decisions, current location evaluation and business objectives of regional offices. The extent to which competition for regional offices is possible among Asian business centers and the regional development consequences of business strategy linked to regional offices are assessed. Variations among regional offices according to country of origin and year of establishment are analyzed. The survey concludes that Singapore retains its lead as a center for regional offices, but that the sources of its attractiveness are changing and that it is not gaining from any relocation of corporate control out of Hong Kong. Public policy incentives to attract regional offices in competition to Singapore may be most successful if aimed at Asian organizations. Promotion to offices from North America and Europe should emphasize the relative growth opportunities in Southeast and East Asia.     

Factors affecting the size of the labour force and the level of earnings in U.K. agriculture 1948–65

Previous studies of poverty in developing countries have to a great extent focussed on the characteristics of the household head and used these as proxies for the underlying ability of the household to generate income. This paper uses five rounds of panel data to investigate the persistence of poverty in urban Ethiopia, with a particular focus on the role of intra-household heterogeneity in occupations. Dynamic probit and system generalised method of moments regression results suggest that international remittances and labour market status of non-head household members are important determinants of households' poverty status. Results also show that controlling for these variables and the “initial conditions problem” encountered in nonlinear dynamic probit models reduces the magnitude of estimated poverty persistence significantly for urban Ethiopia. These findings have important implications for identifying the poor and formulating effective poverty reduction and targeting strategies.     

Conceptualizing non-cognitive attributes,entrepreneurship training,pedagogical competencies and stem education outcome: an integrated model and research proposition

International Journal of Technology and Design Education - Literature on STEM education outcome in the tertiary context has pursued the construct of non-cognitive attributes distinctly from that of...     

How to quantify the influence of correlations on investment diversification

When assets are correlated, benefits of investment diversification are reduced. To measure the influence of correlations on investment performance, a new quantity—the effective portfolio size—is proposed and investigated in both artificial and real situations. We show that in most cases, the effective portfolio size is much smaller than the actual number of assets in the portfolio and that it lowers even further during financial crises.     

An empirical study of the impact of consumer perceived risk on purchase likelihood: a modelling approach

Drawing on an extensive literature review, a conceptual model incorporating marketing and psychometric paradigms for assessing consumer purchase behaviour is developed in the context of a hazardous and harmful risk associated with potentially contaminated food. An empirical study of 200 respondents was carried out to test this conceptual model. Structural equation modelling using LISREL 8.30 confirmed the link between perceived risk characteristics and risk perception, and that the latter appears to influence purchase behaviour. Concern about potential consequences, long‐term adverse impacts and the involuntariness of exposure were key shapers of risk perception, and risk perception itself was measured by health, money, time, lifestyle and taste losses in this study. These findings can help both the food industry and its regulators as they seek to formulate effective risk management and communication strategies. The model developed in this exploratory study can be extended to all commodities, as well as all services industry.     

The Great Halls of China? Meeting Planners’ Perceptions of Beijing as an International Convention Destination

This research focused on meeting planners’ perceptions about selecting Beijing as an international convention destination. Twenty-three convention destination site selection criteria organized into five categories were identified. It was found that, with respect to Beijing, the importance of site selection criteria has changed since the late 1990s, with meeting planners now attaching more weight to the quality of convention services, quality of convention planning assistance, and city image. The meeting planners who had previously held international conventions in Beijing attached greater importance to research and development cooperation opportunities and choice of accommodations than those who had not. They rated Beijing's performance lower on the convenience of the application process (required by Chinese governments) and government support. It was concluded that Beijing needs to improve most on the quality of convention services and convention planning assistance, and by relaxing government policies related to the holding of international conventions.     

Fair Value Accounting Compared to Other Accounting Systems

Abstract

It is well known that the total profit generated from an insurance product is fixed (unless the accounting system affects the product management), but the incidence of reported profit varies depending on the accounting system used and the way that assumptions are set and reset. The purpose of this paper is to take a very simple product (a single-premium deferred annuity (SPDA) with no special features) and follow its earnings over a 15-year period. We will examine the volatility of earnings under Fair Value (FV) accounting as proposed by the International Accounting Standards Committee (IASC), as we understand it, and U.S. GAAP and U.S. Statutory accounting. Additionally, we will examine how each of the accounting systems is impacted by the choice of a lapse assumption. We have the additional objective of simplicity, to produce a model that the reader can relate to and whose calculations can be reproduced with nominal effort.     

Do hybrid flexible delivery teaching methods improve accounting students' learning outcomes?

This study investigates the association between the learning outcomes of students and two teaching models: a traditional face-to-face lecture/tutorial teaching model and a hybrid flexible delivery model. The hybrid flexible model is delivered using a combination of face-to-face seminars and electronic delivery and communication tools. It is found that academic performance is higher for students who studied under the flexible delivery model, achieved higher marks in prerequisite units, were female, or were younger. Evidence is provided that flexible delivery teaching models utilizing electronic delivery media can be used to achieve the benefits of small class sizes when teaching large student numbers. The results should be of interest to administrators and educators as they attempt to address the challenges of supplying tertiary education to an increasing number of students as well as meeting the perceived demand for flexible course delivery in a manner that can enhance students' learning outcomes.     

The effects of the Uruguay round: empirical evidence from U.S. industry

This article uses an event study to evaluate the anticipated results of the Uruguay Round on U.S. industry. Economists commonly use computable general equilibrium (CGE) models to predict the net economic efficiency effects of trade agreements. The event study method represents a complementary approach that relies on stock price movements to assess how investors predict that an event, in this case the conclusion of the Uruguay Round, will affect industry profitability. The empirical estimates indicate that U.S. industries with comparative advantage (disadvantage) experience positive (negative) stock price reactions, reflecting an increase (a decrease) in the industry trade and investment opportunities as well as an increased (decreased) return to existing tangible and intangible assets. For the market as a whole, the variation in stock prices does not differ significantly from zero, and the economic magnitude of industry gains and losses is small. These results are consistent with most CGE assessments and with the skeptical attitude that the real impact of the Uruguay Round Agreement remains uncertain.