Gift giving generates large revenues for businesses, corresponding to 17.6 percent of retail sales in Hong Kong. Despite their importance for the retail industry, retailers tend to follow the same pricing strategies as for other regular products or services. Yet, consumers purchase decisions for gifts are fundamentally different compared to purchases for own ... Read More

This paper identifies the causal effect of U.S. multinationals’ technology shocks on their subsidiaries’ and nearby domestic firms’ productivity in China. By combining firm-level data from both the U.S. and China, I match U.S. multinationals with their manufacturing subsidiaries in China and measure the multinationals’ technology shocks to the local firms in ... Read More

The shift away from manual and routine cognitive work, and towards non-routine cognitive work is a key feature of labor markets. There is no evidence, however, if the relative importance of various tasks differs between workers performing seemingly similar jobs in different countries. We develop worker-level, survey-based measures of task content of jobs – ... Read More

We examine the impact of corporate board reforms on firm value in 41 countries. Using a difference-in-differences design, we find that board reforms increase firm value. Reforms involving board and audit committee independence, but not reforms involving separation of chairman and CEO positions, drive the valuation increases. In addition, while comply-or ... Read More

We examine how venture CEOs effectively engage their boards in the strategy-making process. Using the inductive multiple-case study approach, we track CEO–board interactions inside and outside the boardroom in depth and over time through rare observations of board meetings and rich interview access to CEOs and their boards of directors. Our primary ... Read More

The latest disruptive research measures the way in which consumers of information react to that information in real time through a novel measure called moment-to-moment synchronicity (MTMS). In this presentation, Prof Wenbo WANG would share his insights on how live social media posts are analyzed in conjunction with range of other capturable variables to ... Read More

We develop a patent analysis approach to discover types of IT innovations and examine their technological and economic impacts. Our empirical investigation is based on 73,120 patents in the medical devices industry filed between 1996 and 2005. Rather than relying on pre-established classifications of IT innovations, we apply textual analysis to patent ... Read More

We introduce a new measure of innovation based on important product launches by public firms in the US. Our measure is based on stock-market reactions to media articles – classified by a convolutional neural network approach as referring to new product introductions – and has two distinct advantages. First, it covers the entire spectrum of industries and is ... Read More

Good learners are those who can adjust their behaviors according to environmental feedback. This adjustment, which is called adaptive learning, is the essential component in human and machine learning. In this presentation, Prof Ellick Wongwill discuss how adaptive learning will lead to sub-optimal decisions, and how this bias can be avoided ... Read More

With increase in global connectivity, the ability to navigate diverse workforce is seen as an important asset. Cultural competence refers to the ability to adapt and function efficiently in a diverse setting. In this presentation, Prof Melody Chao will explore how our mindsets (i.e., beliefs) and environmental factors influence our ease in managing diversity ... Read More