https://www.scmp.com/rss/506994/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com [Sponsored Article]  So far, air travel has almost ground to a halt, global markets are experiencing upheavals, public facilities have become stretched, and to top it all off, the ongoing geopolitical tension is creating a new dimension of uncertainty. The situation is so bad that it would be easy to throw in the towel and call it quits. But it is not the nature of human beings to simply give up. Throughout history, humans have risen against adversity and overcome wars, pandemics, and other... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098797/message-dean?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098797/message-dean?utm_source=rss_feed Sun, 30 Aug 2020 16:25:19 +0000 [Sponsored Article] No one can accurately predict what a post-COVID-19 world will look like. But Charles Li, Chief Executive of Hong Kong Exchanges and Clearing (HKEX), believes that Hong Kong will continue to be the trusted connector between China and the rest of the world.  “We have and will continue to do well because investors and companies are convinced that, no matter what happens, we remain the go-to global marketplace in Asia,” Li says.  Li notes that Hong Kong has weathered previous... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098802/life-after-pandemic?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098802/life-after-pandemic?utm_source=rss_feed Sun, 30 Aug 2020 16:25:18 +0000 [Sponsored Article] Koike’s handling of the COVID-19 outbreak has been cited as the main reason for her re-election. A former TV anchor, the guidance she gave brought hope to the city’s 14 million residents who watched with concern as the daily confirmed cases almost doubled in the days before her re-election.  Koike promised to make dealing with COVID-19 her priority, and this secured her the second largest number of voters in Tokyo’s gubernatorial history. There is now speculation that she... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098735/city-future?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098735/city-future?utm_source=rss_feed Sun, 30 Aug 2020 16:25:15 +0000 It wouldn’t be a stretch to say that the onset of the COVID-19 pandemic has led to the worst global economic crisis since the Great Depression of the 1930s. The combination of a demand shock, a supply-side shock, a financial shock, and political upheavals, has sent the world’s markets reeling. While no one can predict how the world’s economies will emerge from the crisis, some experts are making educated guesses based on current economic data. Louis So, Co-Chairman and Co-Chief Investment... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098751/looking-future?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098751/looking-future?utm_source=rss_feed Sun, 30 Aug 2020 16:20:24 +0000 [Sponsored Article] Some might call it a cliché, but the saying that “the one constant in life is change” often rings true.  The world has certainly seen its fair share of changes this year, having been thrown into a whirlwind of uncertainty against the backdrop of the COVID-19 pandemic, rising geopolitical tensions, and global market worries. Especially at times like these, business leaders need to stay calm, devise a strategy, and forge ahead, says Betty Yuen, Group Director and Vice Chairman... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098759/staying-power?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098759/staying-power?utm_source=rss_feed Sun, 30 Aug 2020 16:20:22 +0000 [Sponsored Article] Prevention •    AI-based fever detection stations installed on campus and at HK borders that track human faces to detect body temperature •    By a team led by Prof Richard SO •    Multiperson body temperature screening system with a parallel measurement approach being used in mainland China •    By a startup incubated at an incubating arm formed by HKUST R and D Corporation (Shenzhen) Ltd •    Automated geo-fencing technology that applies machine learning and data analytics... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098764/hkusts-all-round-effort-fight?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098764/hkusts-all-round-effort-fight?utm_source=rss_feed Sun, 30 Aug 2020 16:20:21 +0000 [Sponsored Article] An Emerging Crisis By Prof Albert PARK and Prof Alicia GARCIA-HERRERO, Department of Economics Change of Habit By Synergis-Geoffrey Yeh Prof of Business Jaideep SENGUPTA, Department of Marketing Chain Reaction  By Prof Gordon LAM and Prof  ZHANG Hongtao, Department of Information Systems, Business Statistics and Operations Management Risk Management in the Volatile Financial Market By Prof LI Yingying, Department of Finance The Upside of the COVID-19 Crisis By Fung Term Prof... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098769/navigating-new-normal?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098769/navigating-new-normal?utm_source=rss_feed Sun, 30 Aug 2020 16:20:19 +0000 [Sponsored Article] By Professor Albert PARK, Head and Chair Professor, Department of Economics, HKUST Business School Professor Alicia GARCIA-HERRERO,  Adjunct Professor, Department of Economics,  HKUST Business School The center of the COVID-19 pandemic has shifted to the emerging markets. As of August 5, the countries with the most cases of COVID-19 after the US were Brazil, India, Russia, and South Africa, which along with China, where the pandemic started, form the BRICS, an acronym coined... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098775/emerging-crisis?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098775/emerging-crisis?utm_source=rss_feed Sun, 30 Aug 2020 16:20:16 +0000 [Sponsored Article] By Professor Jaideep SENGUPTA, Synergis-Geoffrey Yeh Professor of Business, Chair Professor of Marketing,  HKUST Business School As you’re walking along the street on a hot summer afternoon, you receive a call from a friend who has just fallen sick from an infectious disease. Shortly afterwards, you spot an ice-cream stand with two of its flavors on sale: one is a ubiquitous chocolate flavor, the other is an unusual cherry dark chocolate. Which one will you choose?  Questions... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098843/change-habit?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098843/change-habit?utm_source=rss_feed Sun, 30 Aug 2020 16:15:11 +0000 [Sponsored Article] By Adjunct Associate Professor Gordon LAM and Professor  ZHANG Hongtao,  Department of Information Systems, Business Statistics & Operations Management, HKUST Business School Before the pandemic, globalization had led to the world becoming flat, and value chains ran across many countries. This meant that supply chains were stretched and extended to include many more mutually dependent links. But the existence of more links in supply chains means that the chance of errors and... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098842/chain-reaction?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098842/chain-reaction?utm_source=rss_feed Sun, 30 Aug 2020 16:15:09 +0000 [Sponsored Article] By Professor LI Yingying, Department of Finance & Department of Information Systems, Business Statistics and Operations Management, HKUST Business School The COVID-19 pandemic is having a dramatic impact on the global stock market. Take the major stock indices, for example. Figure 1 below shows the cumulative returns in 2020 of seven major indices: SP500, FTSE100, DAX, CAC40 (left), HSI, SSE Composite Index, and Nikkei 225 (right). The drawdown periods are shown in bold. For... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098737/risk-management-volatile?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098737/risk-management-volatile?utm_source=rss_feed Sun, 30 Aug 2020 16:15:08 +0000 [Sponsored Article] By Professor GONG Yaping, Fung Term Professor of Management, Head and Chair Professor, Department of Management, HKUST Business School The COVID-19 outbreak was unexpected and highly disruptive. It continues to impact all walks of life, and the human and economic cost is colossal. Global travel came to a halt as countries imposed travel restrictions and lockdowns (e.g., in Wuhan in China, New York in the US, and Lombardy in Italy). According to World Health Organization, the... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098748/upside-covid-19-crisis?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098748/upside-covid-19-crisis?utm_source=rss_feed Sun, 30 Aug 2020 16:15:06 +0000 [Sponsored Article] By Associate Professor KOH Tat Koon, Department of Information Systems, Business Statistics and Operations Management In recent years, many organizations have undertaken digital transformations such as creating online customer touchpoints, leveraging digital platforms, and applying the Internet of Things (IoT) and Artificial Intelligence (AI) in value chain activities. Digitalization can help SMEs, large corporations, and public agencies become more accessible, agile, and... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098752/digital-rescue?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098752/digital-rescue?utm_source=rss_feed Sun, 30 Aug 2020 16:15:03 +0000 [Sponsored Article] Best Paper Award By the Asia-Pacific Research Exchange of the CFA Institute and the CFA Society of MelbourneWeitz-Winer and O'Dell Award  By American Marketing Association Responsible Research in Management Award By the International Association for Chinese Management Research and the Community for Responsible Research in Business and ManagementExcellent Young Scholar  By the Natural Science Foundation of ChinaJerry S. Cohen Memorial Fund Writing Award  By the Board of... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098756/honoring-remarkable?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098756/honoring-remarkable?utm_source=rss_feed Sun, 30 Aug 2020 16:10:14 +0000 [Sponsored Article] There is broad consensus that fintech solutions will play an ever greater role in the movement and management of money. That is evident from the fast increasing use of e-wallets, cashless payment systems, and the spike in interest in new virtual banking licenses.  However, in the short term at least, one obstacle in particular may limit the natural growth of the sector. As things stand, there are simply not enough trained professionals in Hong Kong with the skills and... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098761/addressing-fintech-talent-gap?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098761/addressing-fintech-talent-gap?utm_source=rss_feed Sun, 30 Aug 2020 16:10:13 +0000 [Sponsored Article]  First in Asia to collaborate with EY Tax LabThe HKUST Business School is honored to become the first Asia-Pacific university to be associated with the EY Advanced Technology Tax Lab. This collaboration brings together HKUST’s expertise in fields such as data science, machine learning, and business education to resolve complex tax issues through innovative technologies. The new partnership offers an exceptional platform for joint research and technology development... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098766/gaining-real-world-relevance?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098766/gaining-real-world-relevance?utm_source=rss_feed Sun, 30 Aug 2020 16:10:11 +0000 [Sponsored Article]  Students who want to become future global leaders now have the opportunity to enrol in a unique dual-degree master’s program, thanks to a collaboration between some of the world’s top business schools.  The Dual-Degree Master’s Program (M2M) is a collaboration between five schools. The network - including the HKUST Business School in Hong Kong, the Yale School of Management (SOM) in the US, HEC Paris in France, FGV EAESP in Brazil, and UBC’s Sauder School of Business in... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098770/m2m-going-global?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098770/m2m-going-global?utm_source=rss_feed Sun, 30 Aug 2020 16:10:09 +0000 [Sponsored Article]  “Commercial satellites make it possible for investors to anticipate official announcements and stay ahead of the curve.”Economists and the broader investment community rely on government data to learn about key market indicators like oil inventories, agricultural production, and export volumes.    But access to new technology is changing that. Commercial satellites are loosening the authorities’ hold over such information and making it possible for investors to anticipate... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098774/eye-sky?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098774/eye-sky?utm_source=rss_feed Sun, 30 Aug 2020 16:10:06 +0000 [Sponsored Article] Political Connections and Voluntary Disclosure: Evidence from around the World HUNG, Mingyi | LI, Siqi  Journal of International Business Studies  Political connections have been associated with various benefits to firms and shareholders around the world – from better access to banking finance, to lower tax barriers, to lax regulatory enforcement, to receipt of government contracts and support. But how do these connections affect a firm’s willingness to voluntarily disclose... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098805/how-political-connections?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098805/how-political-connections?utm_source=rss_feed Sun, 30 Aug 2020 16:05:14 +0000 [Sponsored Article] News Shocks and the Production-Based Term Structure of Equity Returns AI, Hengjie | CROCE, Mariano Max | DIERCKS, Anthony M. | LI, Kai  The Review of Financial Studies, Volume 31, Issue 7, 2423–2467  The connection between the timing of equity cash flows and expected returns has been the subject of much research in recent years. A number of stylized facts on the term structure of equity returns—the relationship between the return on claims to aggregate dividend strips and... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098807/equity-cash-flows-and-expected?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098807/equity-cash-flows-and-expected?utm_source=rss_feed Sun, 30 Aug 2020 16:05:13 +0000 [Sponsored Article] Farmers’ Information Management in Developing Countries—A Highly Asymmetric Information Structure Chen-Nan Liao | CHEN, Ying-Ju  Production and Operations Management, vol. 26, No. 6, June 2017, pp. 1207–1220  One of the key aspects to running a business is having access to useful information. In developing countries, farmers often suffer from a lack of information, which can lead to missing out on opportunities to sell their products at a higher price. By using various... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098809/how-should-farmers-respond?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098809/how-should-farmers-respond?utm_source=rss_feed Sun, 30 Aug 2020 16:05:11 +0000 [Sponsored Article] When Busy is Less Indulging: Impact of a Busy Mindset on Self-Control Behaviours KIM, Christine | WADHWA, Monica | CHATTOPADHYAY, Amitava  Journal of Consumer Research, Vol. 45  Famous economist John Maynard Keynes once predicted that by 2028, living conditions would improve so much that we would only have to work three to four hours a day. However, today, an increasing number of people feel busier than ever. Consequently, many advertisements empathize with consumers’ busy... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098812/pressed-time-perceived?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098812/pressed-time-perceived?utm_source=rss_feed Sun, 30 Aug 2020 16:05:10 +0000 [Sponsored Article] Towards a Goal Orientation-based Feedback-seeking Typology: Implications for Employee Performance Outcomes GONG, Yaping | WANG, Mo | HUANG, Jia-Chi | CHEUNG, Siu Yin  Journal of Management, Vol. 43, No. 4, April 2017  The simple assumption about feedback is that it should let employees know where they stand on job performance, yet researchers have had difficulty proving this happens in practice. One recent study, however, has been able to demonstrate how feedback can play... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098813/what-employees-seek-feedback?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098813/what-employees-seek-feedback?utm_source=rss_feed Sun, 30 Aug 2020 16:05:07 +0000 [Sponsored Article] Modeling Gift Choice: The Effect of Uncertainty on Price Sensitivity van der LANS, Ralf | WANG, Sherry Shi  Journal of Marketing Research 55 (4), p. 524-540  Gift-giving is a big business – in the US annual spending on gift-giving reached $159 billion in 2017. But such expenditure may also be symptomatic of overspending. In the UK in 2015, one in 10 people reported experiencing financial difficulties because they spent too much over the Christmas season. Moreover, recipients... https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098794/why-we-overspend-gifts?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/new-normal/article/3098794/why-we-overspend-gifts?utm_source=rss_feed Sun, 30 Aug 2020 16:00:20 +0000