Entrepreneurship has been commonly accepted as a key contributor to sustainable economic growth and development. This presentation is aims at sharing some thoughts and findings with regards to the relationship between entrepreneurial management (EM) and the performance or growth of technology-based firms in Malaysia. The basic conceptual thinking of EM is “the pursuit of opportunity regardless of resources currently controlled”. Stevenson’s six dimensional construct of EM, as interpreted and operationalised by Brown et al. (2001), consists of Strategic Orientation (SO), Resource Orientation (RO), Management Structure (MS), Reward Philosophy (RP), Growth Orientation (GO) and Entrepreneurial Culture (EC). This presentation explores mainly on the issue of as to what extent does the Entrepreneurial Management approach is being adopted within technology-based firms in Malaysia and to what extend does EM contribute to firms’ performance. Based on the global measure of EM the results of the descriptive statistical analysis suggest that a large majority of the technology-based firms may be classified as entrepreneurial. On further investigation on each dimension of the EM construct, mixed results were found on the prevalence of EM within the firms. MS, SO and EC dimensions show high prevalence in firms with strong entrepreneurial propensity. This indicates that the firms tend to be more entrepreneurial with regard to the MS, SO and EC dimensions. However, for the GO and RO dimensions the results show that firms tend to be on the average scores. As anticipated, the analysis reveals that a larger percentage of firms with high entrepreneurial propensity were high performers, whereas a larger percentage of firms with low entrepreneurial propensity were low performers.
Chow Hwee Kwan教授，新加坡管理大学
We observe a great deal of financial market volatility since the outbreak of the global financial crisis such as in stock markets and in foreign exchange markets. This development not only has implications on investment strategies of individual market participants, but also raises concerns on financial stability issues for policy makers. A first step to understand where the gyrations are coming from is to measure the extent of spillovers among national financial markets in general and in particular to analyse whether the relative influence on Asian markets from the major financial markets of China, Japan and US have shifted. To this end, we examine the connectedness of stock markets as well as forex markets in the region to see what the data says about the nature of interactions among the national financial markets. We also compare the relative levels of influence from the major markets on Asian financial markets before and after the crisis. It is clear the Asian markets have grown more susceptible to financial shocks from China. The rise in volatility transmissions is a key challenge which policy makers and financial market regulators have to face. An adequate risk framework and policies that build resilience in the financial system are necessary to mitigate such cross-border shock transmissions.