思維領導 - HKU Business School

學術論文

研究焦點

全球學者

知識轉移

明德商論

龍虎山下

媒體報導

The Green Revolution and Individualism: Evidence from Indonesia

Prof. Gedeon J. LIM

This paper studies the effects of the Green Revolution, one of the largest development projects in the late 20th Century, on individualism. We use a difference-in-differences approach to investigate how rapid technological and organizational changes in traditional agriculture reshaped cultural norms in Indonesia, where Green Revolution rollout was largely driven by centralized government interventions. Regions with greater exposure to Green Revolution policies experienced significant and persistent increases in individualism (as measured by a higher prevalence of infrequent names) decades after the end of the program. Results are not driven by pre-trends and hold across a battery of robustness checks. We further document suggestive, correlational evidence of a persistent fall in community funding for public goods, a key measure of collective action. Our findings suggest that technical change can lead to rapid and persistent changes in culture.

January 2027

Journal of Development Economics

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Optimal Monetary Policy with Confounding Information

Prof. Yulei LUO

In this paper, we study optimal monetary policy in an economy where firms’ price-setting decisions are distorted by a signal-extraction problem: they cannot perfectly distinguish aggregate from idiosyncratic shocks based on noisy local information. This systematic misattribution of aggregate shocks to firm-specific factors generates an additional price response, implying that strict price stability is no longer optimal. Instead, the optimal policy fully stabilizes the output gap, which necessarily requires accommodating fluctuations in the price level. The cyclicality of the optimal price level depends on the source of firms’ incomplete information: learning from local demand signals implies a procyclical price level, whereas learning from local productivity signals yields a countercyclical one.

September 2026

Journal of Monetary Economics

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Signaling Vision: Knowing When to Quit

Prof. Wing SUEN

We study a signaling game where agents signal their type by choosing when to quit pursuing an uncertain project. High types observe news about project quality and quit when bad news arrives. Low types who do not observe any news may mimic high types by quitting continuously over a phase of time. The reputation dynamics may exhibit nonmonotonicity with respect to quitting time. Our analysis offers a unifying explanation for how and when both early and late quitting can enhance reputation and suggests novel welfare and policy implications.

August 2026

International Economic Review

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Corporate Lobbying of Bureaucrats

Executive agencies play a pivotal role in shaping the regulatory environment by crafting rules, enforcing regulations, and overseeing government contracts—all of which can have a profound impact on businesses. For firms, this potential impact creates a clear incentive for firms to influence these agencies, particularly during the critical stages of rulemaking and enforcement. In this context, lobbying emerges as a key tool that companies use to mold the regulatory landscape to their advantage. Unlike politicians, whose decisions are often swayed by electoral cycles and campaign contributions, agency officials are not elected, serve longer terms, and are less susceptible to direct political pressures. As a result, engaging in lobbying efforts with executive agencies is both more complicated and strategically crucial for firms operating within heavily regulated industries. However, the dynamics of such lobbying remain underexplored in the literature.

3 Jan 2025

研究

春節幸福感和疫情感知風險調查：來自機器學習的洞察

Prof. Jayson Shi JIA

2023年剛結束的兔年春節內地民眾過得怎樣？調查顯示，兔年春節期間，民眾的幸福感平均值為5.47，介於“比較開心”與“開心”之間（1為最低值，7為最高值），“比較開心”以上人群占比為83.1%。

10 Feb 2023

市場學

How to Recover from Work Stress, According to Science

Prof. Bonnie Hayden CHENG

To combat stress and burnout, employers are increasingly offering benefits like virtual mental health support, spontaneous days or even weeks off, meeting-free days, and flexible work scheduling. Despite these efforts and the increasing number of employees buying into the importance of wellness, the effort is lost if you don’t actually recover. So, if you feel like you’re burning out, what works when it comes to recovering from stress? The authors discuss the “recovery paradox” — that when our bodies and minds need to recover and reset the most, we’re the least likely and able to do something about it — and present five research-backed strategies for recovering from stress at work.

05 Jul 2022

管理及商業策略

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