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    <title>HKUST Biz School Magazine - Autumn 2018 - South China Morning Post</title>
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      <title>HKUST Biz School Magazine - Autumn 2018 - South China Morning Post</title>
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      <description>[Sponsored Article]
The HKUST Business School is a relatively young institution, but like the Kellogg-HKUST Executive MBA Program (KH EMBA), we have come a long way in a short time. The tireless pursuit of excellence, allied with a readiness to innovate, has enabled us to build a world-class and, in the case of the KH Program, a world-leading reputation from scratch.
As we celebrate the KH EMBA’s 20th anniversary, it is interesting to look back and realize that the launch of such a program, the...</description>
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      <pubDate>Thu, 30 Aug 2018 04:09:19 +0000</pubDate>
      <title>From the Dean</title>
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      <description>[Sponsored Article]
A changing world needs a new type of business leader, one who can think globally, work collaboratively, thrive in an environment undergoing constant disruption, and always remember that their organization can only prosper within a healthy society.
The Kellogg-HKUST EMBA Program was launched in 1998, on the cusp of the 21st century, when the digital revolution was already underway, but few people were aware of the degree of disruption, and the nature of the new opportunities...</description>
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      <pubDate>Thu, 30 Aug 2018 04:09:05 +0000</pubDate>
      <title>Nurturing the World Leader</title>
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      <description>[Sponsored Article]
As part of the events and celebrations to mark the 20th anniversary of the Kellogg-HKUST EMBA Program, on 8 July, more than 300 business leaders, faculty and program alumni gathered for a special “Leadership in an Age of Disruption” conference at the Four Seasons Hotel in Hong Kong. The fact that over one third of those in attendance flew in from around the world for the occasion underscores the esteem this EMBA, and the strong connection the Program maintains with the...</description>
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      <pubDate>Thu, 30 Aug 2018 04:08:52 +0000</pubDate>
      <title>A New Form of Leadership In An Age of Disruption</title>
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      <description>[Sponsored Article]
The Kellogg-HKUST EMBA roll of alumni features a host of high achievers who have made a positive impact on both their industries and wider society. However, as exemplars of all that is best about graduates from the Program, and to mark the EMBA’s 20th anniversary, five alumni were each presented with a “Distinguished Alumni Award” at the Management Conference.
The five awardees, who have made outstanding contributions to their professions and industries, to the Program, and...</description>
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      <pubDate>Thu, 30 Aug 2018 04:08:37 +0000</pubDate>
      <title>Feting Alumni Who Made an Impact</title>
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      <description>[Sponsored Article]
When he was in his 20s, Hakan left his native Turkey to open a regional office for Arçelik in Hong Kong, and he made his first application to the Program when he was 28. However, given the Program's minimum 10-years-work-experience criteria, he had to wait for another three years, before he was accepted onto KH07.
“But I think they liked the fact I was persistent,” Hakan jokes.
Once his studies began, Hakan found what he believes is the most diverse program, at this level,...</description>
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      <pubDate>Thu, 30 Aug 2018 04:08:15 +0000</pubDate>
      <title>Motivated by Purpose, Supported by Fellow Alumni</title>
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      <description>[Sponsored Article]
Angela was drawn to the Program’s global mindset and scope, and its sharp focus on Asia. Once her studies had begun, the relationships she developed with the other members of the KH10 cohort  stood out as particular highlights.
“I got to know my classmates very well during the Program, both through working and socializing with them,” Angela says. The way in which she and her classmates collaborated on projects demonstrated what could be achieved when people with different...</description>
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      <pubDate>Thu, 30 Aug 2018 04:07:58 +0000</pubDate>
      <title>No Finish Line for Innovation</title>
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      <description>[Sponsored Article]
“I was in KH11, KH12 and KH13,” he explains.
Work pressures contributed to the delayed completion of his studies. At that time, he was not only establishing his tech company in Talinn, Estonia, he was still working as a derivatives trader in Tokyo.
However, the deferments proved fortuitous, Mike says. “If I hadn’t done that, I wouldn’t have met my former classmates who are now my colleagues,” he says
Jian Tan, Guardtime’s General Manager, China; and James Koo, the company’s...</description>
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      <pubDate>Thu, 30 Aug 2018 04:07:39 +0000</pubDate>
      <title>Classmates to Tech Partners</title>
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      <description>[Sponsored Article]
With classes taught by world-class faculty and eminent guest lecturers, students are inspired to think differently about the process and practice of management and to view key business decisions from a strategic perspective.
This year’s 37 graduates, including 16 nationalities with an average age of 36, exemplify these qualities. They represent a wide array of backgrounds and industries and are now well prepared to take on broader responsibilities, effect meaningful change,...</description>
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      <pubDate>Thu, 30 Aug 2018 04:07:23 +0000</pubDate>
      <title>Staying On Top</title>
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      <description>[Sponsored Article]
Since it was launched in 1998, the striking success of the Kellogg-HKUST EMBA Program has played a key role in establishing the global reputation of, what was then, a fledgling business school. Professor Steven DeKrey, now the School’s Associate Dean, was the EMBA’s Founding Director and a vital initial point of connection between HKUST and Kellogg.
Not only had Professor DeKrey studied at Kellogg, graduating from the class of 1985, he had also stayed on for several years...</description>
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      <pubDate>Thu, 30 Aug 2018 04:07:05 +0000</pubDate>
      <title>Founders of Excellence</title>
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      <description>[Sponsored Article]
The quality of the students has played a key role in the consistent attainment of a world-topping ranking, according to the Kellogg-HKUST EMBA’s Academic Director, Professor Jaideep Sengupta. This quality is achieved, thanks to the Program's demanding admission criteria and its faculty and curriculum's soaring reputation, he says.
“The curriculum we offer is extremely rigorous, and it combines this academic rigor with practitioner insight,” Professor Sengupta explains. The...</description>
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      <pubDate>Thu, 30 Aug 2018 04:06:51 +0000</pubDate>
      <title>Shaping a Low-ego, High-impact Program</title>
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      <description>[Sponsored Article]
The goings-on behind the scenes on the Kellogg-HKUST EMBA program plays a huge part in giving each student a world-beating academic and professional experience - before, during and after their 18 months of study. Over the years, Program Director Judy Au and her team in the Program Office have been working tirelessly to ensure participants, past and present, get all they can from their unique learning opportunities.
For students currently engaged in the program, Judy and her...</description>
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      <pubDate>Thu, 30 Aug 2018 04:06:35 +0000</pubDate>
      <title>Behind the Scenes</title>
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      <description>[Sponsored Article]
Change the conversation
“I try to imagine myself to be one of the students and think about both what I would need to know and how to make it come alive,” said Professor Rao. “The underlying theme of the course (and the KH program) is that there is a framework which can be used to understand real world issues. So, the first part of the course is to develop the framework. The second part is to bring up issues and to use the framework to understand the issues.”
While clarity in...</description>
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      <pubDate>Thu, 30 Aug 2018 04:06:16 +0000</pubDate>
      <title>Great Teaching: Making an Impact</title>
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      <description>[Sponsored Article]
The HKUST Business School has agreed to an exciting, new collaboration with "Big-Four" professional services firm KPMG, and no wonder. First, HKUST graduates have a long record of success at KPMG, and vitally, major players in the audit, tax and advisory industry are recruiting an increasing number of graduates with data-handling skills as their sector continues to be transformed by developments in digital technology.
“KPMG’s most important asset is our people and we invest a...</description>
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      <pubDate>Thu, 30 Aug 2018 04:05:53 +0000</pubDate>
      <title>Synergy in Success</title>
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      <description>[Sponsored Article]
“Effectively a MOOC is a substitute for a book, it’s another way of disseminating information, and it gives you an opportunity to reach out to a lot of people,” Professor Clark explains. Busy professionals, as well as millennials and other young people, are no longer so keen on reading, he adds. “They like to watch videos on their smartphones and learn that way," he adds.
While almost any course could be covered in a MOOC, he says, given the costs involved, it generally makes...</description>
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      <pubDate>Thu, 30 Aug 2018 04:05:38 +0000</pubDate>
      <title>Online FinTech Courses Inspire Careers for Students Worldwide</title>
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      <description>[Sponsored Article]
The SEVP course combines lectures, case studies and guest speakers with project work for established social enterprises in Hong Kong. Students work in multi-disciplinary teams with social venture partner organizations to help develop business plans to scale up their work, as well as funding pitches and proposals.
At the end of the semester, the Yeh Family Philanthropy foundation (YFP) awards grant funding of HK$250,000 to one of the social venture partners that have worked...</description>
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      <pubDate>Thu, 30 Aug 2018 04:05:18 +0000</pubDate>
      <title>Business Solutions to Social Issues</title>
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      <description>[Sponsored Article]
At the end of May, the HKUST Business School welcomed fellow members of the Association of Asia-Pacific Business Schools (AAPBS) to HKUST for an illuminating academic conference on “The Impact of Technology on the Future of Work.” The forces that will shape the careers of the member schools’ students were examined during the four-day event, and ideas were put forward on the way the teaching of business programs should develop.
After greeting the participants, Professor Tam...</description>
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      <pubDate>Thu, 30 Aug 2018 04:05:02 +0000</pubDate>
      <title>Business Schools’ Conference on Digital-Age Teaching</title>
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      <description>[Sponsored Article]
The format of the BizInsight@HKUST series encourages the audience to question methods, challenge conclusions, and put forward examples drawn from their real-world experience. And this kind of interaction, which has become a hallmark of the series, can spark new ideas and alternative perspectives for all those taking part.
Financial behaviour and portfolio management
The first seminar in this season featured two professors from the Department of Finance, Professor Utpal...</description>
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      <pubDate>Thu, 30 Aug 2018 04:04:40 +0000</pubDate>
      <title>BizInsight@HKUST Presents Direct Relevance for Decision Making</title>
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      <description>[Sponsored Article]
The Bright Side of Managerial Over-optimism
HSU, Charles | HILARY, Gilles | SEGAL, Benjamin | WANG, Rencheng
Journal of Accounting and Economics, 2016, Volume 62, Issue 1, pp. 46-64
Most people tend to be over-confident and over-optimistic – they have too great a belief in their own abilities to influence outcomes and believe the outcomes will be positive. Usually, these biases have been associated with sub-optimal decisions. But new research suggests they also have an...</description>
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      <pubDate>Thu, 30 Aug 2018 04:04:17 +0000</pubDate>
      <title>The Bright Side of Managerial Over-Optimism</title>
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Do corporate taxes hinder innovation?
MUKHERJEE, Abhiroop | SINGH, Manpreet | ZALDOKAS , Alminas
Journal of Financial Economics 124 (2017)
An increase in corporate taxes leads to drops in patents, research and development (R&amp;D) expenditure and new product introductions, but a decrease in taxes does not appear to boost such innovation-linked activity, according to a study that looked at corporate income tax changes across American states from 1990-2006.
Researchers Abhiroop...</description>
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      <title>Taxes Hurt Innovation: Study</title>
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Incentive for Peer-to-Peer Knowledge Sharing Among Farmers in Developing Economies
CHEN, Ying-Ju | SHANTHIKUMAR, J. George | SHEN, Zuo-Jun Max
Production and Operations Management, 24(9), 2015, 1430-1440
Agriculture long ago declined in importance in developed economies, but in the developing world it remains the dominant sector. However, its development is hindered by low productivity. To overcome this, non-governmental organizations and for-profit social enterprises provide...</description>
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      <pubDate>Thu, 30 Aug 2018 04:03:43 +0000</pubDate>
      <title>Cultivating Peer-to-Peer Sharing</title>
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Uncovering the Importance of Relationship Characteristics in Social Networks: Implications for Seeding Strategies
CHEN, Xi | van der LANS, Ralf | PHAN, Tuan Q
Journal of Marketing Research, Vol. LIV, April 2017
When it comes to launching new products, major firms such as Philips and Microsoft have adopted seeding strategies that target influential customers in social networks so they can spread the word to their friends, colleagues and acquaintances. The difficulty, of...</description>
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      <title>Sowing the Seeds of Word-of-Mouth</title>
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      <description>[Sponsored Article]
The Art of Representation: How Audience-Specific Reputations Affect Success in the Contemporary Art Field
ERTUNG, Gokhan | VOGEV, Tamar | LEE, Yonghoon G | HEDSTRÖM, Peter
Academy of Management Journal, 59: 113-134
Reputations are important in many contexts, and especially in the contemporary art market, which is characterized by high uncertainty. Artworks are complex and difficult to compare, and there are no precise methods for making aesthetic and financial judgments....</description>
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      <pubDate>Thu, 30 Aug 2018 04:03:05 +0000</pubDate>
      <title>The Art of Reputation</title>
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The Information Role of Audit Opinions in Debt Contracting
CHEN, Peter F | HE, Shaohua | MA, Zhiming | STICE, Derrald
Journal of Accounting and Economics (2016) 61: 121-144
Auditors’ reports convey information about a firm’s financial health, including the private information discovered by auditors, but they can only produce two opinions: unqualified, or unqualified with explanatory language (also called an MAO – modified audit opinion). This has led to criticism from...</description>
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      <pubDate>Thu, 30 Aug 2018 04:02:50 +0000</pubDate>
      <title>The Effects of Auditor Opinions on Debt Contracts</title>
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      <description>[Sponsored Article]
The Share Repurchase Announcement Puzzle: Theory and Evidence
BHATTACHARYA, Utpal | JACOBSEN, Stacey
Review of Finance, Volume 20, Issue 2, 1 March 2016, Pages 725–758
When firms announce they will repurchase shares, the market tends to see this as good news and responds positively – even though there is no requirement on the firm to actually repurchase. In fact, a number of firms never do so. So why does the market react as it does?
Researchers Utpal Bhattacharya and Stacey...</description>
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      <pubDate>Thu, 30 Aug 2018 04:02:34 +0000</pubDate>
      <title>Explaining the Share Repurchase Puzzle</title>
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      <description>[Sponsored Article]
Technology Mergers and Acquisitions in the Presence of an Installed Base: A Strategic Analysis.
WANG, Qiu-Hong | HUI, Kai Lung
Information Systems Research 28(1):46-63.
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...</description>
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      <pubDate>Thu, 30 Aug 2018 04:02:15 +0000</pubDate>
      <title>When is Bigger Better?</title>
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      <description>[Sponsored Article]
Turning Off the Lights: Consumers’ Environmental Efforts Depend on Visible Efforts of Firms
WANG, Wenbo | KRISHNA, Aradhna | MCFERRAN, Brent
Journal of Marketing Research, Vol. LIV (June 2017)
Firms are under growing expectation by consumers to adopt sustainable practices, but when that expectation is not followed up with action and collides with price issues, it can lower the brand in consumers’ eyes and have knock-on effects on consumers’ own green behaviour.
This was the...</description>
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      <pubDate>Thu, 30 Aug 2018 04:01:55 +0000</pubDate>
      <title>When Green Efforts by Firms Work – and When They Backfire</title>
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      <description>[Sponsored Article]
Human Resource Systems, Employee Creativity, and Firm Innovation: The Moderating Role of Firm Ownership
LIU, Dong | GONG, Yaping | ZHOU, Jing | HUANG, Jia-Chi
Academy of Management Journal, 2017, Vol. 60, No. 3
Employee creativity is an obvious and essential ingredient for firm innovation, but it has usually been framed as a product of an employee’s intrinsic (internal) motivation. Now, new research has revealed that something else matters, too: the human resources systems,...</description>
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      <pubDate>Thu, 30 Aug 2018 04:01:36 +0000</pubDate>
      <title>HR Management and Employee Creativity</title>
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