Technology and Innovation

Real business cycle (RBC) models describe how firms make investment and labour decisions. They assume that technological shocks and changes in productivity are the primary drivers of macroeconomic fluctuations. However, these models generally fall short of explaining how choices made within firms—which might modify external shocks—might affect macroeconomic ... 阅读更多

Big data is important for business, and the HKUST Business School is taking note of developments in business analytics and reacting accordingly. Chair Professor Lancelot F. JAMES. Department of ISOM, HKUST Business School In this article I present my views on some challenges faced by the HKUST Business School in this era of big data, how it has been ... 阅读更多

The issuance of eight virtual bank licenses by the Hong Kong Monetary Authority (HKMA) and four virtual insurer licenses by the Insurance Authority (IA) has led to an increase of Hong Kong’s overall innovation and technology adoption level. To understand the perception of the public towards virtual banks and insurers in Hong Kong, we ae delighted to ... 阅读更多

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 ... 阅读更多

When a big fish in the IT sector swallows a relative minnow, it can often seem that too much has been paid and too little gained by the buyer. But, given the major players didn’t become major players by making economically dumb decisions, are there some less obvious benefits to these transactions? In their study, Professor Hui Kai Lung from HKUST Business ... 阅读更多

Information technology has clearly had a large impact on traditional banking services and transactions over the past 20 years. The challenges and changes are ongoing. Professor Theodore Clark will present his study on how new technologies and firms challenge traditional assumptions about the services and businesses that will dominate in this new environment ... 阅读更多