Selected Papers from the Asia-Pacific Conference on Economics & Finance (APEF 2016)
This book features the best papers presented at the Asia-Pacific Conference on Economics & Finance in 2016. Chapters include research conducted by experts in the field of Economics, Finance and Business from the region. Put together by East Asia Resea
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ected Papers from the AsiaPacific Conference on Economics & Finance (APEF 2016)
Selected Papers from the Asia-Pacific Conference on Economics & Finance (APEF 2016)
Evan Lau Lee-Ming Tan Jing Hee Tan •
Editors
Selected Papers from the Asia-Pacific Conference on Economics & Finance (APEF 2016)
123
Editors Evan Lau Faculty of Economics and Business Universiti Malaysia Sarawak Kota Samarahan, Sarawak Malaysia
Jing Hee Tan East Asia Institute of Management Singapore Singapore
Lee-Ming Tan East Asia Research Pte. Ltd Singapore Singapore
ISBN 978-981-10-3565-4 DOI 10.1007/978-981-10-3566-1
ISBN 978-981-10-3566-1
(eBook)
Library of Congress Control Number: 2017931343 © Springer Nature Singapore Pte Ltd. 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Preface
The 2016 Asia-Pacific Conference on Economics & Finance (APEF 2016), jointly organized by East Asia Research and East Asia Institute of Management and supported by BEFfore from Universiti Malaysia Sarawak, was held on the 27th and 28th July 2016 in Singapore at the EASB campus. The special theme for APEF 2016 was “Will the current oil crisis and China market slowdown result in a global recession more brutal than 2008? What are the current top global economic challenges?” APEF 2016 achieved the objective of bringing together leading scholars, students, and practitioners from overseas to Singapore for an academic exchange. The programme consisted of an opening speech by Dr. Andrew Chua, Principal of East Asia Institute of Management, and two plenary lectures by Dr. Evan Lau, Associate Professor, Director of Centre for Business Economics and Finance Forecasting (
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