Foo Finance and Strategy Inside China

1. Auflage 2019
ISBN: 978-981-13-2841-1
Verlag: Springer Nature Singapore
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 148 Seiten

Reihe: The Chinese Management Book-of-Readings Series

This volume presents the current thinking on finance and strategy inside China. It begins with research presented at the China Financial Markets Conference in 2016, jointly organized by the University of Malaya and the Sun Tzu Art of War Institute. It includes a talk by Check Teck Foo on Currency-at-War: A Longer View, as well as a highly innovative piece by Kishan on the New Chinese Paradigm in Finance, and Tianyue Lu and Wee-Yeap Lau's empirical work on China's Shadow Banking. Ignatius Roni Setyawan and Buddi Wibowo also offer compelling contributions on Determinants of Market Integration in ASEAN. Other topics include The intriguing poser: integrating China into ASEAN, will determinants be the same? and Real Estate and Inflation in China by Siew Peng Lee and Mansor Isa.
The book also features contributions from the 7th Global Chinese Management Conference held in 2017. Of the several papers on Sun Tzu, Seow Wah Sheh's on Modeling of the Dao of Sun Tzu for Business was chosen along with Shi Yong Song's Legal Risks inside China and Sustainability Reporting by Xin Sheng Duan and Check-Teck Foo. Furthermore, contributions on Company Secretaries on Chinese Board of Directors by Guang You Liu and Xiao Hui Wang are included. Lastly, it presents Check-Teck Foo's interview with Singaporean Chinese forecaster, Jason Tan Beng Siang, discussing Chinese approaches to forecasting as well as his invention, San Bian Shu. 




Check-Teck Foo, LLB (Hons) London MBA (Award Winner) Cass Business School, Ph.D. (1990) St Andrews CA FCCA FCMA FCIM Barrister Advocate & Solicitor, was a Tenured Associate Professor of System Engineering Management at the School of Aerospace and Mechanical Engineering, Nanyang Technological University, Singapore from 1988 to 2010. From 2004 to 2011 he was an Honorary Professor and Chair of Strategy at the University of St Andrews, Scotland. He has travelled across China, lecturing on research, Sunzi and management as a Visiting Professor at 21 Universities (most recently, Consulting Professor, Hunan University and Research Professor, Fudan University). He held a Research Professorship (2012-2015; Talent Program) at Harbin Institute of Technology, Harbin. He has held numerous Visiting Professorships around the globe: Europe (UMEA University, Sweden; Consulting Professor, INSEAD, France, and Honorary Research Professor, College of Business, Denmark); USA (New York Institute of Technology and Visiting Distinguished Professor, City University of New York) and Asia (ASEAN Distinguished Professor, University of Malaya; Solbridge Business School, Korea and Government Fellow, Japan Productivity Center, Tokyo).

Autoren/Hrsg.

Foo, Check-Teck

Inhaltsverzeichnis

1;Contents;6
2;Chapter 1: Currency at War: A Longer View;7
2.1;1 Introduction;8
2.2;References;20
3;Chapter 2: Forecasting, Yi Ching and San Bian Shu: A Chinese Approach for Gaining Foresight – An Interview of Jason Tan Beng Siang;21
3.1;1 Interview;22
4;Chapter 3: Sustainability Reporting: Case of a University in Beijing;32
4.1;1 Introduction;33
4.2;2 Reporting for a Local University: Who Cares?;33
4.2.1;2.1 Local Government;33
4.2.2;2.2 Ministry of Education;34
4.2.3;2.3 Local Community;34
4.3;3 Sustainable Development of a Local University: How Can It Be Done?;34
4.4;4 Contents of Sustainability Report for Sample Local University;35
4.4.1;4.1 Vision and Strategy;36
4.4.2;4.2 Introduction to the Organization;36
4.4.3;4.3 Organizational Structure;38
4.4.4;4.4 Influences on the Economy, Society, and Community;39
4.4.5;4.5 Performance;39
4.5;5 Conclusion and Future Development;40
4.6;References;40
5;Chapter 4: Wanted: A New, Chinese Paradigm in Finance;42
5.1;1 Introduction;42
5.2;2 Conceptual Overview;43
5.2.1;2.1 Positivistic School of Thought in Social Sciences;43
5.2.2;2.2 Positivism in Business and Management Research;44
5.2.3;2.3 Positivistic School of Social Sciences Research Preoccupations;45
5.2.3.1;2.3.1 Causality or Internal Validity;45
5.2.3.2;2.3.2 Reliability and Replication;45
5.2.3.3;2.3.3 Generalizability;45
5.2.3.4;2.3.4 Operationalism;46
5.3;3 Positivism and Finance Research;46
5.3.1;3.1 Equilibrium;47
5.3.2;3.2 Ceteris Paribus Assumption;47
5.3.3;3.3 Beta Coefficient;48
5.3.4;3.4 Capital Asset Pricing Model (CAPM);48
5.3.5;3.5 Efficient Market Hypothesis (EMH);48
5.3.6;3.6 Black-Scholes Model;49
5.4;4 Case Studies;49
5.4.1;4.1 Long-Term Capital Management (LTCM);49
5.4.2;4.2 The 2007–2008 Financial Crisis;50
5.5;5 Why It Concerns Finance Managers in China;51
5.6;6 Conclusion and Key Propositions;52
5.7;References;53
6;Chapter 5: Real Estate and Inflation in China;54
6.1;1 Introduction;54
6.2;2 An Overview of Real Estate Markets Developments in China;55
6.3;3 Inflation Hedges: Theoretical Framework;56
6.4;4 The Growth of China Real Estate Market;58
6.4.1;4.1 China’s Housing Reform;58
6.4.2;4.2 Is There a Bubble in China’s Real Estate Market?;59
6.4.3;4.3 Factors Driving Real Estate Price;60
6.5;5 Housing Price and Inflation;61
6.5.1;5.1 Test for Inflation Hedges;63
6.5.2;5.2 Cities with a Peak House Price Growth Rate;64
6.6;6 Conclusion and Key Propositions;69
6.7;References;69
7;Chapter 6: Managing Trade Secret Legal Risks for Food Company in China;71
7.1;1 Introduction;72
7.2;2 Conceptual Overview;72
7.2.1;2.1 The Definition of Food Companies’ Trade Secrets;72
7.2.2;2.2 Provisions in the “People’s Republic of China Food Safety Law” for Food Companies to Protect Their Trade Secrets;73
7.2.3;2.3 The Lack of Legal Provisions on Specific Issues and the Reasons for the Food Business Trade Secret Protection of “People’s Republic of China Food Safety Law”;73
7.3;3 Why It Concerns Finance Manager Having Interests in China;74
7.4;4 Major Case Studies;75
7.5;5 Key Statistical Insights;76
7.6;6 Illustrative Example;77
7.6.1;6.1 Food Companies Without Proper Law Awareness of Trade Secrets;77
7.6.2;6.2 Food Companies Lack of Trade Secret Management System Standard and Practical and Effective Measures;77
7.7;7 Key Propositions;78
7.7.1;7.1 Basic General Ways;78
7.7.2;7.2 The Main Measures for Food Companies’ Management on Trade Secret Law Risk;79
7.7.2.1;7.2.1 The First Is to Build a Special Department in the Companies to Protect Trade Secrets and Equip with Specialized Personnel;79
7.7.2.2;7.2.2 The Second Is to Develop the Perfect System of Fixed Trade Secret Protection and Isolation Area;79
7.7.2.3;7.2.3 The Third Is to Develop Lifelong Learning and Education Environment for All Employees Within the Food Company;79
7.8;References;80
8;Chapter 7: Company Secretaries in Chinese Board of Directors;81
8.1;1 Introduction;81
8.2;2 A Conceptual Overview;82
8.2.1;2.1 Company Secretaries and Corporate Governance;82
8.2.2;2.2 Demographical Features of Company Secretaries in Boards;84
8.2.3;2.3 Human Resource Capital of Company Secretaries in Boards;85
8.2.4;2.4 Conceptual Overview of Company Secretaries in Corporate Governance;85
8.3;3 An Illustrative Case in China;86
8.4;4 Further Illustration: An Empirical Evidence;87
8.4.1;4.1 Data Collection;87
8.4.2;4.2 Testing Methods;89
8.4.3;4.3 Correlation Analysis;89
8.4.4;4.4 Regression Results and Discussion;89
8.5;5 Concluding Remarks;92
8.6;References;92
9;Chapter 8: Determinants of Capital Market Integration: The Case of ASEAN and Implications to China;94
9.1;1 Introduction;95
9.2;2 Conceptual Overview;97
9.3;3 Why This Is of Concern to a Finance Manager;99
9.4;4 Key Statistical Insight;99
9.5;5 Illustrative Example;101
9.5.1;5.1 Hypothesis Testing for Differences of Integration Levels from 5 ASEAN Countries;101
9.5.2;5.2 Unconditional Correlation (UCC) and Dynamic Conditional Correlation (DCC);103
9.5.3;5.3 Hypothesis Testing for Determinants of Capital Market Integration;106
9.5.3.1;5.3.1 Level of Intra-industry Competition;106
9.5.3.2;5.3.2 Intensity of Role of Global Investors;108
9.6;6 Concerning China;109
9.6.1;6.1 Before ASEAN China Free Trade Area (ACFTA);109
9.6.2;6.2 After ASEAN China Free Trade Area (ACFTA);110
9.7;7 Concluding Remarks;110
9.7.1;7.1 Conclusion;110
9.7.2;7.2 Implications;111
9.8;References;112
10;Chapter 9: Modelling the Dao of Sun Tzu for Business;115
10.1;1 Introduction;115
10.2;2 A Conceptual Overview;116
10.2.1;2.1 A Brief Review of Dao Philosophers;116
10.2.2;2.2 A Review of the Sunzi’s 13 Chapter of the Art of War;117
10.2.2.1;2.2.1 The Dao of Camouflage;119
10.2.2.2;2.2.2 The Dao of Non-action (“‘wu-wei”);121
10.2.2.3;2.2.3 The Dao of Paradoxical;123
10.2.2.4;2.2.4 The Dao of Fluidity;125
10.2.3;2.3 A Proposed Conceptual Model;126
10.3;3 Why It Concerns Management;126
10.4;4 Key Insights from Data Analyses;128
10.4.1;4.1 Proposed Research;128
10.4.2;4.2 Data Analyses;128
10.5;5 Illustrative Example, Cases and Mapping;129
10.6;6 Concluding Remarks;129
10.7;References;132
11;Chapter 10: China’s Shadow Banking: Dynamics of Policy and Economy;133
11.1;1 Introduction;133
11.2;2 Conceptual Overview;135
11.3;3 Why It Concerns the Finance Manager in China?;137
11.3.1;3.1 The Drivers of China Shadow Banking;137
11.3.1.1;3.1.1 Interest Rate;137
11.3.1.2;3.1.2 Inflation Rate;137
11.3.1.3;3.1.3 Money Supply;138
11.3.1.4;3.1.4 Trust Loans;138
11.3.1.5;3.1.5 Entrusted Loans;138
11.3.2;3.2 Shadow Banking System due to Policy Changes;139
11.3.3;3.3 Government’s Regulation;139
11.4;4 Hypothesis Development;140
11.5;5 A Case Study;141
11.6;6 Key Statistical Insights;141
11.6.1;6.1 Unit Root Test;141
11.6.2;6.2 Granger’s Causality Test;142
11.6.3;6.3 Augmented VAR;143
11.6.4;6.4 Results and Discussion;144
11.6.4.1;6.4.1 Unit Root and Stationary Test Results;144
11.6.4.2;6.4.2 Granger’s Causality Results;144
11.7;7 Key Results and Proposition;146
11.7.1;7.1 Policy Implications;147
11.8;References;147