CENTRE FOR GLOBAL BUSINESS 2020 ANNUAL REPORT
ABOUT US Our Mission Our mission is to tackle the complex issues in today’s global business environment by leveraging cutting-edge knowledge and practice to produce research with impact.
Our Vision We aim to become a leading research hub in the Asia-Pacific region on the challenges, practices and opportunities for businesses in the global context. To this end, we bring together industry partners, policymakers and researchers from various disciplines in business to engage in multidisciplinary research with industry relevance and a global focus.
ABOUT US
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DIRECTOR’S NOTE
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OUR TEAM
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OUR RESEARCH STRENGTHS
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OUR ENGAGEMENT ACTIVITIES IN 2020
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– Workshops
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– Seminars
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– Webinars
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– Visitors
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OUR RESEARCH HIGHLIGHTS IN 2020
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– Publications
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– Discussion papers
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– Research grants
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– Impact
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ACKNOWLEDGEMENTS 29 CONTACT US
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Our History The CGB has its origins in the Faculty of Business and Economics’ Australian Centre for Research in Employment and Work (ACREW), established in the Department of Management in 2004 to undertake research in the areas of Human Resource Management, Industrial Relations, and Employment Relations. In 2014, ACREW was renamed the ‘Centre for Global Business’ (CGB) to reflect an increasingly broader and more interdisciplinary research focus that embraces different dimensions of doing business globally. Under the leadership of the Founding Director, Professor Gary Magee, the CGB adopted a multidisciplinary approach to the study of global business. The CGB’s current director, Professor Chongwoo Choe, was appointed in January 2019. Under his leadership, the CGB has focused on enhancing its organisational structure, international outreach, and industry-focused research. The CGB has also grown in size and international outreach, with the appointment of three full-time academic staff and a centre coordinator, and its newly established Asia-focused research networks.
DIRECTOR’S NOTE 2020 was marred by the outbreak of COVID-19. The pandemic wiped away almost all our activities that involve physical interactions. They include various conferences and workshops we organise each year, hosting domestic and international visitors for collaboration, and research visits to partner institutions and conferences, etc. Added to our woes was the adverse shock to the budget due to the pandemic-driven revenue hit. In short, 2020 was an annus horribilis. As we were getting used to work-from-home and virtual meetings, the CGB’s research networks came roaring back, showing amazing resilience and creativity in putting together some of the highest-quality virtual events featuring world-renowned speakers, which would not be possible in normal times. All in all, the CGB organised or was a co-host of around 30 events during the six-month period from late June. These events ranged from webinars to full-day workshops, and a multi-day symposium that span most of our key research themes. This was a remarkable feat considering that each event required more planning and communications than organising a physical event. It was possible thanks to tireless efforts and dedication by the CGB’s coordinator, Mr Shahab Sazegar, and Monash Business School’s Events Team, to whom we take our hats off. On the research front, the CGB continued to be very successful in producing world-class research in 2020. Fully affiliated members of the CGB and the coordinators of the CGB’s research networks have published more than a dozen articles in the top-quality journals across various disciplinary areas at Monash Business School. This represents the research productivity that easily surpasses the highest level of performance from Monash Business School’s standards. From November 2020, we started a new CGB Discussion Paper Series to disseminate cuttingedge research in a timely manner and to stimulate interdisciplinary dialogue given the unique structure of the CGB. Finally, the CGB was also successful in securing the Australian Research Council’s prestigious Discovery Project grant, one of only three awarded to Monash Business School in 2020.
PROFESSOR CHONGWOO CHOE Director, Centre for Global Business Monash Business School Monash University
In 2020, our research also made a mark in impact space. As an example, a research project supported by the CGB’s Australian Electricity Market Initiative led to collaboration with the Australian Electricity Market Commission (AMEC). This work was recognised in the AMEC’s formal recommendation for the electricity market design, which is likely to make a significant impact on policy reform in the national electricity market. Another example is the work done by the CGB Director and the coordinators of the Digital Economy Research Network that concern big tech mergers in general, and the merger between Google and Fitbit in particular. This work was cited as key evidence in a submission to the European Commission, was also presented to the Australian Competition and Consumer Commission (ACCC), and was cited in dozens of media outlets, both domestic and international. While we cannot tell the background behind the ACCC’s rejection of Google’s proposed undertakings in its merger with Fitbit in Australia, at least the CGB had an impact on this on-going saga between the ACCC and Google. Without a doubt, 2020 was an annus horribilis. In a sense, it was the year for reflection. We came to learn how precious normality is. The things we take for granted, our familiar working space, our freedom to travel, the way we collaborate and interact with each other, and even how we breathe, all became so dear. Sadly, we are not out of the woods yet. But we will adapt, evolve and excel in what we do. We are fortunate to have continued support and guidance from Professor Simon Wilkie (Dean, Monash Business School) and Professor Gary Magee (Deputy Dean (Research), Monash Business School). Needless to say, all our activities, events, and research would not be possible without the support from the dedicated members and affiliates of the CGB and the very capable Mr Shahab Sazegar, to whom we express our deepest thanks.
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OUR TEAM PROFESSOR CHONGWOO CHOE
Chongwoo Choe is Director of the CGB and Professor of Economics at Monash Business School. He has broad research interests in what firms do both within and outside organisational boundaries, spanning most disciplinary areas at Monash Business School. His research has been published widely in major journals in economics, finance and management, and was supported by multiple ARC grants. His current research is in the digital economy, dynamic pricing, and online privacy. Prior to joining Monash University as Professor of Economics in 2007, he worked at the University of New South Wales (AGSM). He also held visiting professorships at the University of Tokyo and Osaka University.
ASSOCIATE PROFESSOR KOHYAR KIAZAD
Kohyar Kiazad is Deputy Director of the CGB and Associate Professor of Management at Monash Business School. He commenced his role as CGB Deputy Director in June, 2019. Broadly, his research focuses on employment relationships through the lens of job embeddedness, psychological contracts, and abusive supervision. In addition to publishing in his field’s leading outlets (e.g. the Journal of Applied Psychology, the Journal of Management, and Personnel Psychology), he has undertaken industry-linked research addressing human and social capital development, workplace learning, and leadership effectiveness. Outside of work, when he’s not spending time with his son, Kohyar is mostly training in Brazilian jiu-jitsu.
ASSOCIATE PROFESSOR GUILLAUME ROGER
Guillaume Roger is Associate Professor at the CGB and the coordinator of the Australian Electricity Market Initiative. He is also Associate Director of the Monash Energy Institute, and a co-director of the Grid Innovation Hub. His research interests are incentive design – especially ‘dynamic contracts under moral hazard’. His research has been published in top field journals in economic theory. When not modelling economics, Guillaume takes care of his children and his wine collection and learns about jazz.
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PROFESSOR GREG BAMBER
Greg Bamber is the Director of International Consortium for Research in Employment & Work (iCREW), CGB and Professor, Department of Management. His has published books and articles in major journals in HR, Industrial Relations (IR) and Management. His research interests include construction, education, health, public sector, manufacturing, and unions. He has won many research grants, has been president of several associations and is a fellow of several academies including Academy of the Social Sciences in Australia (ASSA). He is researching the future of work and IR, with Building 4.0, a Cooperative Research Centre. He has been a visitor at other universities including Renmin, China; Durham, Cardiff and Newcastle, UK; Harvard and MIT, USA.
PROFESSOR GARY MAGEE
Gary Magee is a Professor of Economics and Deputy Dean (Research) in the Faculty of Business and Economics. Professor Magee was the founding director of the Centre for Global Business. He has held academic positions at the Australian National University, the University of Melbourne where he was Director of the Asian Economics Centre, and La Trobe University where he was Head of the School of Economics and Finance. In 2005, he held an Australian Bicentennial Fellowship from the Menzies Research Centre at the University of London. In 2019, he was elected as a fellow of the prestigious Academy of the Social Sciences in Australia (ASSA).
PROFESSOR
Paresh Kumar Narayan is Professor and Consultant at the CGB. Prior to joining Monash, he was an Alfred Deakin Professor at Deakin University. He has published extensively in financial economics and financial econometrics. He is President of the Asia-Pacific Applied Economics Association and Editor-in-Chief of Emerging Markets Finance & Trade. In 2015, he was awarded the Mahatma Gandhi Pravasi Samman Award in recognition for substantial contributions to the profession. In 2017, he was recognised by Elsevier as the top-2 researchers across all disciplines of academic research. He is a high cite researcher since 2017 and has an h-index of 80.
PARESH KUMAR NARAYAN
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DR LE VU
Le Vu is Research Fellow at the CGB. Her research interests are broad but the primary focus has been on the areas of empirical corporate finance, corporate governance, corporate innovation success, and mergers and acquisitions. Le has published in the Journal of Corporate Finance, British Accounting Review, Financial Review, International Review of Financial Analysis, and Accounting and Finance. She passed all levels of the Chartered Financial Analyst program at first attempt.
DR ARMIN
Armin Pourkhanali is a Postdoctoral Research Fellow at the CGB. His research interests are in the areas of time series modelling, energy economics, dependence modelling, and applied statistics. His current project is on modelling electricity consumption in Victoria, Australia. He is also working on a dynamic forecasting model of demand for electricity in Australia. His work has been published in the Energy Economics, Economic Modelling, Energy, and Communications in Statistics-Theory and Methods.
POURKHANALI KOUDEHI
ADJUNCT ASSOCIATE PROFESSOR GRIETJIE VERHOEF
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Grietjie Verhoef is a business historian with a focus on Africa and South Africa. Her current focus is on global corporate expansion of multinational enterprises. Her book The History of Business in Africa, Complex Discontinuities to Emerging Markets (Springer 2017) explores the foundations of African EMNCs. Her current research is through her involvement with an international research network focusing on the nature of inward MNE establishments into host markets, with the focus on MNEs investing into Commonwealth markets. She was a recent President of the International Economic History Association, and hosted the association’s world congress in South Africa in 2012.
MR SHAHAB SAZEGAR
Shahab Sazegar is Centre Coordinator at the CGB. . Shahab provides a range of professional and administrative services to support the effective operation of the CGB. This includes organising workshops and events, managing the CGB’s digital platforms, and maintaining excellent working relationships with internal and external stakeholders.
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OUR RESEARCH STRENGTHS The CGB’s research is multidisciplinary and industry-focused. By bringing together researchers from various disciplines in business, industry partners and policymakers to form research networks, we bridge the gap between knowledge and practice, and research and impact. Each network is a platform that people with similar research interests can join to interact and collaborate. The structure of our research networks is dynamic and evolving. We welcome significant new research themes and will endeavour to provide support where possible. The following is the list of research networks and network coordinators as of 2020.
Research Networks
Coordinators:
AUSTRALIAN ELECTRICITY MARKET INITIATIVE (AEMI) The AEMI’s purpose is to spur academic research, policy formulation, and industry engagement in the electricity sector in Australia. It is dedicated to improving market outcomes for all market participants and to informing policy making. Current areas of research include network pricing and regulation, wholesale market design, and nodal pricing, the impact of the industrial organisation of the electricity sector, and the impact of renewables and of storage. The AEMI’s initial focus is the Australian electricity market, but the scope is expected to be expanded in due course to cover the overall energy sector.
Associate Professor Guillaume Roger
CHINA RESEARCH NETWORK (CRN) The CRN aims to build and strengthen collaboration with Chinese business, government and universities, to increase our presence and impact in China, and to develop cutting-edge research capabilities relevant to China. The CRN has been active in developing China-related collaborative networks and linkages for research and external funding. It has a number of projects funded by various government bodies in China. The CRN has also established its presence in Monash Suzhou in 2020, through which it will expand its outreach in China. Professor Christopher Nyland
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Associate Professor He-Ling Shi
Dr Philip Chan
DIGITAL ECONOMY RESEARCH NETWORK (DERN) The DERN brings together experts from Monash and other world-renowned research institutes to conduct cutting-edge research on the digital economy with academic rigour and industry relevance. Its research focus includes strategic implications of big data for businesses, online privacy and consumer empowerment, competition policy and regulation relevant to digital industries, digital platforms, targeting and search advertising. It is the first research network in Australia that employs rigorous economic analysis to address questions relevant to policy and management strategy in the digital era. The DERN has international networks covering the TSE Digital Centre (Toulouse School of Economics), Centre for Business Analytics and the Digital Economy (Hong Kong Baptist University), National University of Taiwan, and Renmin University of China.
Associate Professor Arthur Campbell
Associate Professor Zhijun Chen
Dr Chengsi Wang
Dr Petra Mahy
Dr Fahreen Alamgir
Dr Hue Hwa Au
GOVERNANCE AND REGULATION RESEARCH NETWORK (GARNET) The GARNET is an interdisciplinary network of researchers and undertakes empirical and/or theoretical research on regulation and governance systems in the business context. Its research themes include construction of regulatory standards, public enforcement and effectiveness of public regulators, private enforcement mechanisms and actors, non-state actors, private and informal regulation, regulatory impact and compliance, multi-level regulatory governance systems, corporate and organisational governance, and regulation pertinent to digitisation and technology.
GLOBAL VALUE CHAINS RESEARCH NETWORK (GVCRN) The GVCRN conducts research on issues in global value chains, including supply chain issues, governance and regulation, ethical and social issues, operations and integration, and sustainability. It conducts interdisciplinary research across the following six main themes with the aim to develop specific research projects and build linkages with relevant external partners: food value chains; global production networks; apparel/garments value chains; behavioural change in value chains; health-related value chains; infrastructure development value chains.
Professor Amrik
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INTERNATIONAL CONSORTIUM FOR RESEARCH ON EMPLOYMENT AND WORK (ICREW) The iCREW promotes research and scholarship in the broad area of work, employment relations and human resources. Its key aim is the promotion of interdisciplinary and collaborative research in a range of fields including human resources, industrial and workplace relations. Its projects have had an impact on society by contributing to enhanced organisational performance, improved wellbeing for organisational stakeholders, and the improvement of public policy. The iCREW has a long list of network partners in private and public sectors such as the International Labor Organization and the Australian HR Institute.
Professor Greg
Dr Marjorie Jerrard
INTERNATIONAL CONSORTIUM FOR VALUES-BASED GOVERNANCE (ICVG) The ICVG is a response to a societal need to have in place governance systems that are rooted in the institutional context at different levels - local, regional, state, national and international. The ICVG advocates valuesbased governance as a necessary substitute to the “one-size-fits-all” approach that has dominated governance research, practice and policy to date. Some of its research themes include governance in the digital economy; the not-for-profit sector governance; development of a better governance index; and governance and sustainability.
Dr Christo Karuna
JAPAN RESEARCH NETWORK (JRN; CGB, ECONOMETRICS AND BUSINESS STATISTICS) The JRN aims to promote research on the Japanese economy, to build and strengthen collaboration with businesses, governments and universities in Japan, and to develop a network of cutting-edge research capabilities relevant to Japan. Starting from researchers based in Australia and Japan, the JRN aspires to build a global network of experts by creating a forum for discussions and exchange of research ideas, and by providing opportunities for collaborative projects, conferences, and workshops.
Professor Chongwoo Choe
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Associate Professor Tatsushi Oka
LEADERSHIP AND ORGANISATIONAL EFFECTIVENESS RESEARCH NETWORK (LOERN) The LOERN undertakes cutting-edge research and evidence-based consulting in leadership and organisational effectiveness. By bringing together experts from various departments at Monash Business School and leading experts around the world, the LOERN aims to deliver, and has a proven track record in, the analysis and training on how effective leadership and workplace practices influence organisational performance, social justice, business ethics, sustainability, and wellbeing. Associate Professor Kohyar Kiazad
Associate Professor Herman Tse
Professor Sisira Jayasuriya
Associate Professor Choon Wang
SOUTH-ASIA RESEARCH NETWORK (SARN) The SARN is a multidisciplinary network focused on the issues related to business, economy and policy in South Asia. It aims to engage with business and policymakers on high-priority issues with a potential for policy impact, as well as high-quality academic publications. Its research areas include changes in consumer markets with increasing demands for improved food quality, safety and standards; fostering integration of small producers into technologically-sophisticated modern value chains and linking them to large-scale commercial enterprises; and related financing, equity and regulatory issues.
Dr Abu Zafar Shahriar
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OUR ENGAGEMENT ACTIVITIES IN 2020 The CGB is emerging as an “engagement hub” within Monash Business School. We recognise end users of research and have made considerable progress towards strengthening our engagement with global research and business communities through numerous research- and industry-driven conferences, workshops, and webinars. In 2020, almost all our activities were organized online due to the pandemic, with physical events and visitors only until early March. We have organised or co-hosted close to 30 events. The following is a snapshot of our engagement activities in 2020.
Workshops GLOBAL VALUE CHAINS RESEARCH NETWORK’S WORKSHOPS IN THE STATE OF PUNJAB, INDIA (25-29 FEBRUARY 2020) Primary host: Global Value Chains Research Network (GVCRN) Professor Amrik Sohal (Department of Management), Associate Professor Glen Croy (Department of Management), Dr Kristian Rotaru (Department of Accounting), and Dr Jeff Wang (Department of Marketing) visited various institutions in Punjab, India, to plan future activities and research collaborations. Delivering keynotes and speeches at organised workshops and seminars, this visit applied a focus on end-to-end food supply chains to enhance improvement and innovation through collaboration. The workshops included invited presentations and roundtable discussion sessions. The workshops were attended by various stakeholders in food supply chains including farmers, aggregators, sorters, food processors and packers, equipment suppliers, retailers, warehousing and logistics providers, researchers and research extension officers.
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Seminars SPECIAL SEMINAR IN HONOUR OF THE LATE DR SANDRA COCKFIELD (17 MARCH 2020) – MONASH UNIVERSITY Primary Host: International Consortium for Research in Employment and Work (iCREW) The iCREW hosted a special seminar in honour of the late Dr Sandra Cockfield with two presentations: (i) Dr Cockfield’s research on industrial relations history: Its lessons for contemporary policy debates and developments in Australia; (ii) Is Business Winning? President Trump’s Impact on Work and Employment Policy in the USA. The presentations were delivered by Professor Paul F. Clark (Director, School of Labour and Employment Relations, Penn State University, USA), Associate Professor Brian Cooper (Deputy Head, Department of Management), Associate Professor Ross Donohue (Department of Management), Professor Peter Sheldon (School of Management/Director, Industrial Relations Research Centre, UNSW Business School, University of NSW, Sydney).
From right to left: Professor Greg Bamber, iCREW and Department of Management; photo of Dr Sandra Cockfield held by Professor Peter Sheldon, UNSW, one of Sandra’s PhD supervisors, a visitor to iCREW; Professor Paul Clark, Penn. State University, USA, one of Sandra’s co-authors, an iCREW global affiliate; Dr Marjorie Jerrard, iCREW, Department of Management; Professor Fang Lee Cooke, iCREW, Department of Management; Gary Seppings,Vic. Aboriginal Health Service; Associate Professor Glen Croy, Department of Management.
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Webinars
FINANCIAL INCLUSION IN SOUTH ASIA (26 JUNE 2020) Primary host: South Asia Research Network (SARN) Speakers: Professor Vijaya Marisetty (University of Hyderabad); Dr Dilli Ram Pokhrel (Nepal Rastra Bank) This webinar offered insights into how the digital technology is used to improve access to financial services by low-income households Professor Vijaya Marisetty
Dr Dilli Ram Pokhrel
Professor Colin Mayer
Professor Marc Parlange
Associate Professor Deirdre O’Neill
Professor Simon Wilkie
TOWARDS A VALUE-BASED APPROACH TO GOVERNANCE (3 JULY 2020) Primary host: International Consortium for Values-based Governance (ICVG) Speakers: Professor Colin Mayer (University of Oxford); Professor Marc Parlange, (Provost, Monash University); Professor Simon Wilkie (Head of Monash Business School); Associate Professor Deirdre O’Neill In launching the CGB’s new network on governance, the International Consortium for Values-Based Governance (ICVG), Professor Colin Mayer, an internationally renowned governance expert and Peter Moores, Professor of Management Studies at the University of Oxford presented a special webinar, ‘Towards a values-based approach to governance’. Professor Mayer discussed limitations to the traditional notion of governance and advocated a values-based approach as a potential way to address these challenges.
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Webinars
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HOW POWER AND DESPOTISM WORKS IN FLEXIBLE WORKPLACES (21 JULY 2020) Primary host: International Consortium for Research in Employment & Work (iCREW) Speakers: Dr Alex J. Wood (University of Birmingham and Oxford Internet Institute, University of Oxford) This webinar considered the impact of flexible scheduling on managerial power and workplace control. When we understand paid work as a power relationship, argues Dr Wood, we see how the spread of precarious scheduling constitutes flexible despotism; a novel regime of control within workplaces.
Dr Alex J. Wood
WTRUTH IS DEAD; SO LONG LIVE BULLSH*T? (31 JULY 2020) Primary host: Leadership and Organisational Effectiveness Research Network (LOERN) Speaker: Associate Professor Kohyar Kiazad (Centre for Global Business, Monash Business School) In this webinar, Associate Professor Kiazad discussed some recent empirical work to clarify (a) what bullsh*t is and what bullsh*t isn’t, (b) why it’s important to study bullsh*t, and (c) what compels people to bullsh*t at work.
Associate Professor Kohyar Kiazad
THE DIGITAL ECONOMY IN THE TIME OF COVID-19 AND BEYOND (6 AUGUST 2020) Primary host: Digital Economy Research Network (DERN) Speakers: Professor Deep Kapur (Director, Monash Centre for Financial Studies); Dr Stephen King, (Commissioner, the Productivity Commission, Australia); Dr Fraser Thompson (Co-founder and Director of AlphaBeta, a strategy and economics consultancy); Professor Simon Wilkie (Head of Monash Business School) While the COVID pandemic is devastating the global economy, it is also creating opportunities for industries based on digital computing technologies, underpinned by information and communications technologies, commonly called the digital economy. This roundtable brought together experts from academia, industry and the policy circle to discuss how the digital economy is being transformed by COVID-19 and how it is likely to come out of the pandemic.
Professor Deep Kapur
Dr Stephen King
Dr Fraser Thompson
Professor Simon Wilkie
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Webinars continued… IS THERE ONE BEST WAY TO LEAD? RECONCEPTUALISING HOW WE MEASURE LEADERSHIP (28 AUGUST 2020) Primary host: Leadership and Organisational Effectiveness Research Network (LOERN) Speaker: Dr Nathan Eva (Department of Management, Monash Business School) Much of the current leadership literature has been built off theorists introducing their own ‘new’ approach to leadership, rather than demonstrating how they are meaningfully contributing to the conversation to enhance organisations. “This has resulted in a multitude of leadership theories, most of which seem like old wine in new wine bottles,” says Dr Eva. “Using new, sophisticated methodologies, we take a bottle opener, see what is inside these wine bottles, and test how different these theories really are.”
Dr Nathan Eva
ROBUST ALTERNATIVES TO THE CORPORATION (10 SEPTEMBER 2020) Primary host: International Consortium for Values-based Governance (ICVG) Speakers: Professor Jerry Davis (Gilbert and Ruth Whitaker Professor of Business Administration at the Ross School of Business and Professor of Sociology, The University of Michigan; Fellow at the Centre for Advanced Study in the Behavioral Sciences, Stanford University); Professor Michael Mintrom (Director, Better Governance and Policy, Monash University) In this talk, Professor Davis described the technological changes underlying the changing organisation of the US economy, and what the future might bring for the corporation and its challengers.
Professor Jerry Davis
UNLOCKING THE LEADERSHIP TRAP OF HAVING “FAVOURITES” (25 SEPTEMBER 2020) Primary host: Leadership and Organisational Effectiveness Research Network (LOERN) Speaker: Dr Daejeong Choi (Department of Management and Marketing at the University of Melbourne) In this webinar, Dr Choi challenged our thinking about and provided new insights on how we should form and manage relationships among members in different teams. The key is to balance the overall team performance indicators and the well-being of each team member.
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Dr Daejeong Choi
Professor Michael Mintrom
Webinars continued… TAX-DRIVEN OFF-MARKET BUYBACKS (TOMBS): TIME TO LAY THEM TO REST (13 OCTOBER 2020) Primary host: Governance and Regulation Research Network (GARNET) Speaker: Professor Christine Brown (Department of Banking and Finance, Monash Business School) In this webinar, Professor Brown reviewed the current and historical evolution of the regulation and taxation of TOMBs and argued that there are fundamental problems with corporate use of TOMBs. These included inequitable treatment of shareholders, government tax revenue costs, inconsistency with good principles of taxation, arbitrary tax determinations and practices which are difficult to justify.
Professor Christine Brown
BUILDING A NEW SOCIAL CONTRACT: LESSONS FROM THE COVID PANDEMIC, BLACK LIVES MATTERS, AND RENEWED WORKER ACTIVISM (27 OCOTBER 2020) Primary host: International Consortium for Research in Employment & Work (iCREW) in partnership with Australia Labour and Employment Relation Association and the Industrial Relations Society of Victoria Speakers: Professor Thomas A. Kochan (MIT Sloan School of Management), Professor Margaret Gardner AC (President and ViceChancellor of Monash University), Professor Greg Bamber (Department of Management and the Coordinator of iCREW, Monash Business School) There is a long-recognised need for a new social contract that better fits the workforce and economy. However, the emergence of the COVID-19 crisis and the Black Lives Matter movement makes action all the more necessary and urgent. In this webinar, Professor Kochan and Professor Gardner discussed how to move forward by incorporating these issues into a new social contract at work and in a society that is more productive, equitable, inclusive and resilient.
Professor Thomas A Kochan
Professor Margaret Gardner
Professor Greg Bamber
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Webinars continued… DATA-ENABLED LEARNING AND COMPETITIVE ADVANTAGE (29 OCOTBER 2020) Primary host: Digital Economy Research Network (DERN) Speakers: Professor Julian Wright (National University of Singapore); Associate Professor Zhijun Chen (Department of Economics, Monash Business School) In the digital age, firms continuously improve their products via machine learning that leverages customer data. In this webinar, Professor Wright analysed when the data-enabled learning can be a source of competitive advantage.
Professor Julian Wright
Associate Professor Zhijun Chen
Professor Charmine Härtel
Dr Justin Carrero
Professor Paul Joskow
Professor Simon Wilkie
AUTISM EMPLOYMENT AND NEURODIVERSITY INCLUSIVE LEADERSHIP (30 OCTOBER 2020) Primary host: Leadership and Organisational Effectiveness Research Network (LOERN) Speakers: Professor Charmine Hartel and Dr Justin Carrero (Department of Management, Monash Business School) In this webinar, Professor Härtel and Dr Carrero presented the findings from their latest research on autism employment, and discussed four critical behavioural dimensions of neurodiversity inclusive leadership.
POST-2025 MARKET DESIGN: THE ECONOMICS OF MODERN ELECTRICITY GRIDS (18 NOVEMBER 2020) Primary host: Australian Electricity Market Initiative (AEMI) Speakers: Professor Paul Joskow (Massachusetts Institute of Technology); Professor Simon Wilkie (Head of Monash Business School) Fueled by technological progress, the power system is changing rapidly. What is the economics of the modern electricity grid? In this webinar, Professor Joskow discussed what market designers, regulators and operators need to do to ensure the Australian power system delivers the most value to all participants.
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Webinars continued… HOW DO INDIVIDUALS MAKE SENSE OF DIFFERENTIAL TREATMENT BY LEADERS? (27 NOVEMBER 2020) Primary host: Leadership and Organisational Effectiveness Research Network (LOERN) Speaker: Dr Kathy Sun (Department of Management, Monash Business School) In this webinar Dr Sun discussed her recent findings about why gratitude is important in leader-follower relationships by presenting three studies to answer two research questions: Do employees always feel grateful when they are considered and supported by their leader? How does a leader’s expression of gratitude shape followers’ perceptions of their relationship with the leader?
Dr Kathy Sun
PLATFORM DESIGN WHEN SELLERS USE PRICING ALGORITHMS (3 DECEMBER 2020) Primary host: Digital Economy Research Network (DERN) Speakers: Professor Andrew Rhodes (Toulouse School of Economics); Dr Tat-How The (National University of Singapore) In this webinar, Professor Rhodes discussed how digital platforms can utilise artificial intelligence in designing the marketplaces to promote competition, improve consumer surplus, and even raise their own profits.
Professor Andrew Rhodes
Dr Tat-How Teh
ABUSE OF POWER: IDENTIFYING AND MANAGING DESTRUCTIVE LEADERS (4 DECEMBER 2020) Primary host: Leadership and Organisational Effectiveness Research Network (LOERN) Speaker: Professor Simon Restubog (University of Illinois UrbanaChampaign) In this webinar, Professor Restubog discussed his research on the antecedents, underlying psychological explanations and consequences of abusive supervision in the workplace.
Professor Simon Restubog
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POST-2025 MARKET DESIGN: STORAGE INTEGRATION IN THE GRID (9 DECEMBER 2020) Primary host: Australian Electricity Market Initiative (AEMI) Speakers: Dr Omer Karaduman (Stanford University); Professor Simon Wilkie (Head of Monash Business School) There is great anticipation that storage is the key to the successful transition to renewable energy. What is the economics of grid-scale energy storage? How do we design markets that integrate storage as an essential element? In this webinar, Dr Karaduman discussed the challenges and solutions to storage integration.
Dr Omer Karaduman
Professor Simon Wilkie
Dr Prabir De
Ms Sofia Shakil
Dr Tat-How Teh
Professor Tianle Zhang
COVID-19 AND THE NEW NORMAL FOR WOMEN WORKERS IN SOUTH ASIAN ECONOMIES (9 DECEMBER 2020) Primary host: South Asia Research Network (SARN) Speakers: Dr Prabir De (Research and Information System for Developing Countries (RIS)); Sofia Shakil, (Interim Director of Economic Development, The Asia Foundation) Research from the Asia Foundation has found that informal women workers such as street vendors, domestic workers, home-based workers and those short-term contracts in South Asia are facing unequal economic and social impacts from the COVID-19 pandemic. In this webinar, Dr De together with a panel of experts form the Asia Foundation discussed their findings and implications to improve the lives of this vulnerable cohort.
PLATFORM GOVERNANCE (10 DECEMBER 2020) Primary host: Digital Economy Research Network (DERN) Speakers: Dr Tat-How The (National University of Singapore); Professor Tianle Zhang (Lingnan University) In this webinar, Dr Teh proposed a framework to analyse a digital platform’s non-price governance designs and its incentive to act in a welfare-enhancing manner.
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Webinars
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GOVERNANCE AND MANAGEMENT CONTROL IMPLICATIONS OF THE NEW EMPHASIS ON CORPORATE SOCIAL RESPONSIBILITY (15 DECEMBER 2020) Primary host: International Consortium for Values-based Governance (ICVG) Speakers: Professor Kenneth Merchant (Emeritus Deloitte & Touche LLP Chair of Accountancy and Emeritus Professor of Accounting at USC); Associate Professor Ralph Kober (Department of Accounting, Monash Business School) In this webinar, Professor Merchant discussed how a company’s management and its board of directors should select from among the myriad CSR possibilities and assure their initiatives are effectively executed.
Professor Kenneth Merchant
Associate Professor Ralph Kober
CENTRE FOR GLOBAL BUSINESS | 2020 A N N U A L R E P O RT
JOINT WEBINARS ON THE DIGITAL ECONOMY In 2020, the Digital Economy Research Network (DERN) co-hosted a broad range of webinars on the topic of digital economy, in partnership with Hong Kong Baptist University, National Taiwan University, and Renmin University of China.
Date
Title
Speaker
15/09/2020
Token-based platform finance
Professor Ye Li, The Ohio State University
24/09/2020
Efficient Capacity Provisioning for Firms with Multiple Locations: The Case of Public Cloud An Examination of the Cryptocurrency Pump and Dump Ecosystem An Economic Analysis of Difficulty Adjustment Algorithms in Proof-of-Work
Professor Michael Schwarz, Microsoft
06/11/2020
Money Mining and Price Dynamics
11/11/2020
The Economics of Social Data
Professor Michael Choi, University of California, Irvine Professor Alessandro Bonatti, MIT
13/11/2020
Digital Currency Runs
Professor David Skeie, University of Warwick
15/10/2020 16/10/2020
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OU R E NG A G E ME NTS A CTI VITIES IN 2020
Professor Neil Gandal, Tel Aviv University Professor Shunya Noda, University of British Columbia
PHD STUDENT VIRTUAL COLLOQUIUM ON REGULATORY GOVERNANCE
In 2020, the Governance and Regulation Research Network (GARNET) invited current and recently completed PhD students to take part in a Virtual Colloquium on Regulatory Governance. The colloquium consisted of both asynchronous and synchronous aspects. The asynchronous aspects involved participants submitting a draft chapter or paper and a corresponding media or video presentation. Each participant was matched with at least one senior academic from within GARNET and beyond who provided individual feedback on the draft chapter/paper and video. GARNET also facilitated off-line participant engagement with the papers and videos. The synchronous aspects took place over 10-11 December 2020. This involved a mix of career building information sessions and themed Zoom discussions.
This colloquium brought together 26 PhD students from 11 countries, including some students from within Monash Business School.
Organising committee
The two public Zoom sessions within the synchronous aspects attracted an audience of more than 80 people for each session. The video recordings and details of this colloquium are available at
Dr Petra Mahy
Dr Fahreen Alamgir
Dr Hue Hwa Au Yong
Meredith Edelman
monash.edu/business/garnet-phd-colloquium
Papers were invited on the following themes: •
Construction of regulatory standards
•
Public enforcement and effectiveness of public regulators
•
Private enforcement mechanisms and actors
•
Non-state actors, private and informal regulation
•
Regulatory impact and compliance
•
Multi-level regulatory governance systems
•
Digitisation, technology and regulation
•
Regulatory theory Dr Nicola Charwat
CENTRE FOR GLOBAL BUSINESS | 2020 A N N U A L R E P O RT
Visitors Professor Paul F. Clark, Penn State University, USA Professor Arghya Ghosh, University of NSW Professor Brooks Holtom, Georgetown University, USA Dr Xuan Huang, Xi’an University of Finance and Economics, China Professor Peter Sheldon, University of NSW
E-Visitors Emeritus Professor John Braithwaite, School of Regulation and Global Governance (RegNet), Australian National University Professor Christine Brown, Department of Banking and Finance, Monash Business School Dr Justin Carrero, Department of Management, Monash Business School Dr Daejeong Choi, Department of Management and Marketing, University of Melbourne Professor Jerry Davis, University of Michigan and Center for Advanced Study in the Behavioral Sciences, Stanford University Dr Prabir De, Research and Information System for Developing Countries (RIS), India Professor Margaret Gardner AC, President and Vice-Chancellor of Monash University Professor Charmine Hartel, Department of Management, Monash Business School Professor John Howe, University of Melbourne Mr Junayed Jamal, The Asia Foundation, Bangladesh Mr Sarim Jamal, The Asia Foundation, Pakistan Professor Paul Joskow, Massachusetts Institute of Technology (MIT) Professor Deep Kapur, Monash Centre for Financial Studies, Monash Business School Dr Omer Karaduman, Stanford University Dr Stephen King, Productivity Commission, Australia Associate Professor Ralph Kober, Department of Accounting, Monash Business School Professor Thomas A. Kochan, Massachusetts Institute of Technology (MIT) Sloan School and Management Professor Vijaya Marisetty, University of Hyderabad Professor Colin Mayer, University of Oxford Professor Kenneth Merchant, Emeritus Deloitte & Touche LLP Chair of Accountancy and Emeritus Professor of Accounting, University of Southern California (USC) Professor Michael Mintrom, Faculty of Arts, Monash University Ms Diya Nag, The Asia Foundation, India Associate Professor Deirdre O’Neill, School of Social Sciences, Monash University Mr Ashray Bikram Pande, The Asia Foundation, Nepal Professor Marc Parlange, Provost and Senior Vice-President of Monash University Dr Dilli Ram Pokhrel, Nepal Rastra Bank Professor Simon Restubog, University of Illinois – Urbana Champaign Professor Andrew Rhodes, Toulouse School of Economics Professor Dr Wolf-Georg Ringe, Universität Hamburg Ms Sofia Shakil, The Asia Foundation, Pakistan Dr Tat-How Teh, National University of Singapore Dr Eva Thomann, University of Exeter Dr Fraser Thompson, AlphaBeta Professor Simon Wilkie, Monash Business School Dr Alex J. Wood, University of Birmingham and Oxford Internet Institute, University of Oxford Professor Julian Wright, National University of Singapore Professor Tianle Zhang, Lingnan University
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OU R E NG A G E ME NTS A CTI VITIES IN 2020
OUR RESEARCH HIGHLIGHTS IN 2020 Publications The following is the list of publications (published or forthcoming) in 2020 by the CGB team and network coordinators. The list includes those in the Australian Business Deans Council (ABDC) A* journals, which are indicative of the highest quality journals in various business disciplines. Among these, we use FT50 to further indicate the list of 50 journals used in the Financial Times research ranking of business schools. •
Alamgir, F., & Alakavuklar, O. N. (2020). Compliance codes and women workers’ (mis)representation and (non)recognition in the apparel industry of Bangladesh. Journal of Business Ethics, 165(2), 295-310. (FT50)
•
Balarama, H., Islam, A., Kim, J. S., & Wang, L. C. (2020). Price elasticities of residential electricity demand: Estimates from household panel data in Bangladesh. Energy Economics, 92, 104937.
•
Berns, J. P., Shahriar, A. Z. M., & Unda, L. A. (2020). Delegated monitoring in crowdfunded microfinance: Evidence from Kiva. Journal of Corporate Finance, Forthcoming.
•
Campbell, A., Leister, C. M., & Zenou, Y. (2020). Word-of-mouth communication and search. The RAND Journal of Economics, 51(3), 676-712.
•
Chen, Z., Choe, C., & Matsushima, N. (2020). Competitive personalized pricing. Management Science, 66(9), 4003-4023. (FT50)
•
Clark, P. F., Bamber, G. J., Whitehead, P. V., Gray, L. S., Cockfield, S., & Gilbert, K. (2020). Does modernizing union administrative practices promote or hinder union revitalization? A comparative study of US, UK and Australian unions. British Journal of Industrial Relations, Forthcoming.
•
Ho, J., Huang, C. J., & Karuna, C. (2020). Large shareholder ownership types and board governance. Journal of Corporate Finance, 65, 101715.
•
Karuna, C. (2020). Product market competition and managerial pay. Journal of Management Accounting Research, 32(1), 203-222.
•
Kiazad, K., Kraimer, M. L., Seibert, S. E., & Sargent, L. (2020). Understanding organizational embeddedness and career success: Who and what you know. Journal of Organizational Behavior, 41(7), 678-693.
•
Kim, D., Oka, T., Estrada, F., & Perron, P. (2020). Inference related to common breaks in a multivariate system with joined segmented trends with applications to global and hemispheric temperatures. Journal of Econometrics, 214(1), 130-152.
•
Nguyen, G., & Vu, L. (2020). Does venture capital syndication affect mergers and acquisitions? Journal of Corporate Finance, Forthcoming.
•
Nguyen, L., Vu, L., & Yin, X. (2020). The undesirable effect of audit quality: Evidence from firm innovation. The British Accounting Review, 52(6), 100938.
•
Ocampo, A. C. G., Wang, L., Kiazad, K., Restubog, S. L. D., & Ashkanasy, N. M. (2020). The relentless pursuit of perfectionism: A review of perfectionism in the workplace and an agenda for future research. Journal of Organizational Behavior, 41(2), 144-168.
•
Shahriar, A. Z. M., Unda, L. A., & Alam, Q. (2020). Gender differences in the repayment of microcredit: The mediating role of trustworthiness. Journal of Banking & Finance, 110, 105685.
•
Wang, C., & Wright, J. (2020). Search platforms: Showrooming and price parity clauses. The RAND Journal of Economics, 51(1), 32-58.
CENTRE FOR GLOBAL BUSINESS | 2020 A N N U A L R E P O RT
Discussion papers From November 2020, we have started the CGB Discussion Paper Series. This purpose is to disseminate cutting-edge research in a timely manner and also to stimulate interdisciplinary dialogue given the unique structure of the CGB. •
Chen, Z., Choe, C., Cong, J., & Matsushima, N. (2020). Data-Driven Mergers and Personalization. Discussion Paper 2020-01
•
Choe, C., Matsushima, N. & Tremblay, M. J. (2020). Behavior-Based Personalized Pricing When Firms Can Share Customer Information. Discussion Paper 2020-02
•
Che, Y., Choe, C., & Rhee, K. (2020). Bailout Stigma. Discussion Paper 2020-03
•
Nguyen, G. & Vu, L. (2020). Does Venture Capital Syndication Affect Mergers and Acquisitions? Discussion Paper 2020-04
Research grants In 2020, the CGB’s Digital Economy Research Network team was awarded a prestigious Discovery Project grant from the Australian Research Council. Only three Discovery Project grants were awarded to Monash Business School in 2020. The details of the grant are as follows:
•
26
Choe, C., Chen, Z., & Wang, C. (2021-2023). Big data: implications for competition, privacy and regulation. DP210102015. Australian Research Council Discovery Scheme. $295,794.
OU R R E S E A RCH HI G HLI G H TS IN 2020
Impact The CGB’s research has made mark in impact space in 2020 in several areas. The following are two prominent examples. THE AUSTRALIAN ELECTRICITY MARKET INITIATIVE (AEMI)’S WORK WITH REGULATORS AND INDUSTRY BODIES The AEMI has had a credible impact on its environment, which allows it to build solid and on-going relationships with industry bodies at the Federal and State level.
•
The Australian Energy Market Commission (AEMC)
1.
Locational Marginal Pricing (LMP) – G. Leslie, the AEMI’s core member, has been actively engaged with the Australian Energy Market Commission (AEMC) to make the case for the introduction of a nodal market design with LMP. As a result, he has been invited to partake in regular technical working groups, in which Commission members and market participants discuss market reforms and technical standards. The Commission has adopted LMP as a policy and is prosecuting its case through the regulatory process. This may have occurred with or without Dr Leslie’s involvement. However, Dr. Leslie supplied them with the arguments to push forward to the reforms in the face of opposition.
2.
COGATI Reforms – G. Leslie has also been involved in the COGATI (Co-Optimization of Generation and Transmission Investment) reform process that is run by the AEMC. He analysed the distributional implications of the proposed reform to assist the AEMC.
3.
Regulatory process (rule-change requests) – G. Roger, the AEMI’s coordinator, has made three submissions to the Commission as part of its rule-change process. Rule-change requests are initiated by market participants and the content of these initial submissions reflect the private interests of the submitting participants. The AEMC asks for stakeholders and interested parties to comment on these rule-changes requests; some are trivial, some may shape market outcomes for years to come. We provide the uninterested perspective of academic economists.
•
The Essential Services Commission (Victoria)
G. Leslie assisted the Essential Services Commission of Victoria in its retail market review.
•
The Energy Security Board
G. Roger made a substantive submission in response to a Market Design Consultation paper issued by the Energy Security Board (ESB), in which he commented on market design, demand elasticity, reserve markets and the integration of electricity storage into the National Electricity Market. This submission is used beyond the ESB; the AEMC is carefully contemplating the principles outlined in it.
•
The Monash Microgrid and the Net Zero Initiative
The Clayton campus is equipped with an embedded network with its own solar electricity production and its fleet of batteries (the microgrid); this is part of the Net Zero Initiative that is run by the Property and Building Division. G. Roger put together a team of two mathematicians and two econometricians to devise the optimal dispatch strategy of the batteries to minimise electricity procurement costs. This requires producing accurate forecasts for consumption and solar production, finding the best mathematical algorithm to control the charge and discharge decisions, and integrating the forecast to the algorithm. This work is on-going. Beyond the academic dimension, it is a learning laboratory for a new technology; it has a material impact on the University and it may be deployed beyond campus on sites such as shopping centres, mine sites and others.
CENTRE FOR GLOBAL BUSINESS | 2020 A N N U A L R E P O RT
Impact THE DIGITAL ECONOMY RESAERCH NETWORK (DERN)’S WORK ON TECH MERGERS AND INVOLVEMENT IN COMPETITION POLICY A collaborative research team comprising the CGB Director (C. Choe), a DERN coordinator (Z. Chen), and two of the DERN’s international members (J. Cong and N. Matsushima) has actively engaged in competition policy in Europe and Australia. The research project titled “Data-driven mergers and personalization” studies big tech mergers in general, and the merger between Google and Fitbit in particular. The study proposes a new theory of harm that is relevant to mergers between tech companies where customer data can be used to leverage market power in related areas. A group of leading competition economists have made a submission in 2020 to the Directorate General for Competition of the European Commission regarding the Google/Fitbit merger. In the submission to which C. Choe and Z. Chen are signatory along with 15 other competition economists, our research was cited as an important theoretical work on various theories of harm relevant to the merger. The submission was published by the Centre for Economic Policy Research and is also available on Vox EU. Our work was also presented to the Australian Competition and Consumer Commission (ACCC) for the case team reviewing Google/ Fitbit merger in Australia, and was cited in dozens of media outlets, both domestic and international. While we cannot tell the background behind the ACCC’s recent decision to reject Google’s proposed undertakings in its merger with Fitbit (and Google’s surprising decision to go ahead with the merger despite the ACCC’s rejection), the CGB has been part of this on-going saga between the ACCC and Google.
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OU R RE S E A RCH HI G HL IGHTS IN 2020
ACKNOWLEDGEMENTS The CGB thanks its Research Network coordinators, network members and affiliated experts for their continued support and contributions throughout 2020.
Research Network Coordinators
Monash-Based Members
Dr Fahreen Alamgir (GARNET)
Dr Dominique Allen
Professor Greg J. Bamber (iCREW)
Professor Heather Anderson
Associate Professor Arthur Campbell (DERN)
Professor Christopher Arup
Dr Philip Chan (CRN)
Professor Chris Bain
Associate Professor Zhijun Chen (DERN)
Professor Ron Ben-David
Professor Chongwoo Choe (JRN)
Dr John Bevacqua
Professor Sisira Jayasuriya (SARN)
Dr Ananya Bhattcharya
Dr Marjorie Jerrard (iCREW)
Dr Kym Brown
Dr Christo Karuna (ICVG)
Professor Christine Brown
Associate Professor Kohyar Kiazad (LOERN)
Dr Nicola Charwat
Dr Petra Mahy (GARNET)
Dr Vivien Chen
Associate Professor Tatsushi Oka (JRN)
Professor Chen Chen
Associate Professor Guillaume Roger (AEMI)
Dr Yimin Cheng
Dr Abu Zafar Shahriar (SARN)
Professor Dianne Cook
Associate Professor He-Ling Shi (CRN)
Professor Fang Lee Cooke
Professor Amrik Sohal (GVCRN)
Associate Professor Brian Cooper
Associate Professor Herman Tse (LOERN)
Associate Professor Glen Croy
Associate Professor Liang Choon Wang (SARN)
Dr Bei Cui
Dr Chengsi Wang (DERN)
Professor Peter Danaher
Dr Hue Hwa Au Yong (GARNET)
Associate Professor Gaurav Datt Professor Helen De Cieri Professor Benedict Dellaert Associate Professor Catrina Denvir Dr Minh Do Dr Ross Donohue Dr Ying Dou Dr Michael Duffy Associate Professor Huu Duong Ms Meredith Edelman Dr Nathan Eva Dr Sukari Farrington Associate Professor Dennis Fehrenbacher
CENTRE FOR GLOBAL BUSINESS | 2020 A N N U A L R E P O RT
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Monash-Based Members
Monash-Based Members
Dr Aldonio Ferreira
Dr Jerry Lin
Dr Anita Foerster
Dr Han-Wei Liu
Professor Lata Gangadharan
Dr Junzhao Ma
Dr Mukesh Garg
Dr Xin Ma
Dr Alessandro Ghio
Professor Pushkar Maitra
Dr Zen Goh
Dr Hannah Meacham
Dr Maleen Gong
Professor Richard Mitchell
Professor Michelle Greenwood
Professor Vince Morabito
Professor Matthew Hall
Associate Professor Carly Moulang
Professor Richard Hall
Dr Greg Van Mourik
Dr Wade Halvorson
Dr Alka Nand
Associate Professor Dean Hanlon
Professor Harmen Oppewal
Professor Wen He
Dr Davide Orazi
Associate Professor Pitosh Heyden
Ms Adriana Orifici
Dr Idan Hodor
Ms Anne O’Rourke
Dr Joey Huang
Dr Jongwon Park
Professor Rob Hyndman
Dr Nga Pham
Dr Emdad Islam
Dr Jagjit Plahe
Professor Asad Islam
Dr Aleksandra Pop-Vasileva
Associate Professor Colin Jevons
Dr Lisa Powell
Professor Abe de Jong
Professor Daniel Prajogo
Dr Alice de Jonge
Dr Laura Puzzello
Professor Deep Kapur
Dr Lubna Rahman
Dr Mehdi Khedmati
Professor Michaela Rankin
Associate Professor Eksa Kilfoyle
Professor Ranjan Ray
Dr Sunyoung Kim
Dr Sergio Gramitto Ricci
Associate Professor Ralph Kober
Dr Kristian Rotaru
Dr Claudio Labanca
Dr Ummul Ruthbah
Associate Professor Paul Lajbcygier
Dr Satheesh Seenivasan
Dr Damien Lambert
Mr James Sewell
Ms Ingrid Landau
Associate Professor Cathy Sheehan
Dr Gordon Leslie
Dr Ali Sheikhbahaei
AC K NO WLE DG E ME NTS
Monash-Based Members
Monash-Based Members
Dr Aldonio Ferreira
Dr Jerry Lin
Dr Anita Foerster
Dr Han-Wei Liu
Professor Lata Gangadharan
Dr Junzhao Ma
Dr Mukesh Garg
Dr Xin Ma
Dr Alessandro Ghio
Professor Pushkar Maitra
Dr Zen Goh
Dr Hannah Meacham
Dr Maleen Gong
Professor Richard Mitchell
Professor Michelle Greenwood
Professor Vince Morabito
Professor Matthew Hall
Associate Professor Carly Moulang
Professor Richard Hall
Dr Greg Van Mourik
Dr Wade Halvorson
Dr Alka Nand
Associate Professor Dean Hanlon
Professor Harmen Oppewal
Professor Wen He
Dr Davide Orazi
Associate Professor Pitosh Heyden
Ms Adriana Orifici
Dr Idan Hodor
Ms Anne O’Rourke
Dr Joey Huang
Dr Jongwon Park
Professor Rob Hyndman
Dr Nga Pham
Dr Emdad Islam
Dr Jagjit Plahe
Professor Asad Islam
Dr Aleksandra Pop-Vasileva
Associate Professor Colin Jevons
Dr Lisa Powell
Professor Abe de Jong
Professor Daniel Prajogo
Dr Alice de Jonge
Dr Laura Puzzello
Professor Deep Kapur
Dr Lubna Rahman
Dr Mehdi Khedmati
Professor Michaela Rankin
Associate Professor Eksa Kilfoyle
Professor Ranjan Ray
Dr Sunyoung Kim
Dr Sergio Gramitto Ricci
Associate Professor Ralph Kober
Dr Kristian Rotaru
Dr Claudio Labanca
Dr Ummul Ruthbah
Associate Professor Paul Lajbcygier
Dr Satheesh Seenivasan
Dr Damien Lambert
Mr James Sewell
Ms Ingrid Landau
Associate Professor Cathy Sheehan
Dr Gordon Leslie
Dr Ali Sheikhbahaei
CENTRE FOR GLOBAL BUSINESS | 2020 A N N U A L R E P O RT
Monash-Based Members Professor Michael Skully
Dr Joyce Zhang
Associate Professor Gerri Spassova
Dr Karen Zhang
Dr Mohammed Sualihu
Associate Professor Xiaojian Zhao
Associate Professor Lyfie Sugianto
Dr Xuan Zhu
Dr Ahmad Sujan
Professor Jiuhua Cherrie Zhu
Professor Carolyn Sutherland Dr Edward Tello Dr Paul Thambar Mr Tirukumar Thiagarajah Dr Prabanga Thoradeniya Associate Professor Dewi Tojib Dr Denni Tommasi Professor Cameron Truong Professor Yelena Tsarenko Dr Luisa Unda Professor Farshid Vahid Dr John Vaz Dr Laura Visser Dr Le Vu Dr Tram Vu Dr Jeff Wang Associate Professor Sean Way Professor Michelle Welsh Dr Leona Wiegmann Professor Simon Wilkie Associate Professor Barry Williams Dr Xinning Xiao Professor Erte Xiao Dr Lu Yang Dr Shiqing (Frank) Yao Dr Xiaoxiao Yu Dr Jin Zhang
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Monash-Based Members
AC K NO WLE DG E ME NTS
Affiliated Experts In Australia Dr Mitzi Bolton, Monash Sustainable Development Institute Mr David Brodsky, University of Sydney Dr Martin Byford, Royal Melbourne Institute of Technology Associate Professor David Byrne, University of Melbourne Dr Lennon Chang, Department of Criminology, Faculty of Arts, Monash University Ms Lena Chen, KPMG Dr Jason Davies-Kildea, Beyond Blue Dr Catherine de Fontenay, Productivity Commission Associate Professor Nicolas de Roos, University of Sydney Mr Vic Edwards, University of New South Wales Mr Ken Fong, Arup Associate Professor Heiko Gerlach, University of Queensland Professor Arghya Ghosh, University of New South Wales Associate Professor Jun Gu, Macquarie University Dr Stephen King, Productivity Commission Professor Simon Loertscher, University of Melbourne Professor Nadia Massoud, University of Melbourne Professor Paul Mather, La Trobe University Mr Geoff McGill, McGill and Associates Consulting Professor Berenice Nyland, RMIT University Dr Nicola Pastorello, BlueScope Mr Gary Seppings Dr Tracey Shea Professor Peter Swan, UNSW Business School, University of New South Wales
Affiliated Experts In Australia
Affiliated International Experts
Professor Stephen Taylor, University of Technology at Sydney
Professor Elaine Farndale, Pennsylvania State University, USA
Professor Julian Teicher, CQ University
Professor Xiaolan Fu, University of Oxford, UK
Dr Emil Temnyalov, University of Technology Sydney
Professor Anthony H.Y. Fung, The Chinese University of Hong Kong, Hong Kong
Adjunct Professor Peter Wilson, Australian HR Institute/CPA Australia Associate Professor Junji Xiao, University of Technology Sydney
Professor Jody Hoffer Gittell, Brandeis University, USA Professor Shane Greenstein, Harvard University, USA
Affiliated International Experts
Professor Wayne Guay, Wharton School, University of Pennsylvania, USA Professor Andrei Hagiu, Boston University, USA
Professor Renée Adams, Saïd Business School, University of Oxford, UK
Professor Hanna Halaburda, New York University, USA
Professor Carol Adams, Durham University Business School, Durham University, UK
Professor Joanna Ho, Paul Merage School of Business, University of California at Irvine, USA
Professor Simon Anderson, University of Virginia, USA
Professor Doh-Shin Jeon, Toulouse School of Economics, France
Professor Özlem Bedre-Defolie, ESMT Berlin, Germany
Professor Bruno Jullien, Toulouse School of Economics, France
Emeritus Professor Janice Bellace, University of Pennsylvania, USA
Professor Thomas Kochan, Massachusetts Institute of Technology, USA
Professor John Benson, Monash University Malaysia
Professor Katsuyuki Kubo, Waseda University, Japan
Professor Steven Callander, Stanford GSB, USA
Professor Rico Lam, The University of Macau, Macau
Associate Professor Emilio Calvano, University of Bologna, Italy
Professor Patrice Laroche, University of Lorraine, France
Professor Peter Cappelli, University of Pennsylvania, USA
Professor Byoung-Hoon Lee, Chung-Ang University, South Korea
Professor Yongmin Chen, University of Colorado, USA
Professor Jiacheng Li, East China Normal University, China
Professor Jay Pil Choi, Michigan State University, USA
Professor Sanxi Li, Renmin University of China. China
Professor Kim Sau Chung, Hong Kong Baptist University, Hong Kong
Professor Amir Licht, Harry Radzyner Law School, Interdisciplinary Centre Herzliya, Israel
Professor Paul Clark, Pennsylvania State University, USA Professor Jiajia Cong, Fudan University, China Professor Jacques Crémer, Toulouse School of Economics, France
Professor Yaqing Mao, Beijing Normal University & Hong Kong Baptist University United International College
Professor Joel Cutcher-Gershenfeld, Brandeis University, USA
Professor Christopher Marquis, Samuel Curtis Johnson Graduate School of Management, Cornell University, USA
Professor Jerry Davis, Ross School of Business, University of Michigan, USA
Professor Noriaki Matsushima, Osaka University, Japan
Professor Alexandre de Corniere, Toulouse School of Economics, France
Professor Sharon Mavin, Newcastle University, UK
Dr Joris Demmers, University of Amsterdam, Netherlands
Professor Colin Mayer, Said Business School, University of Oxford, UK
Professor Wim Van der Stede, London School of Economics, UK
Professor Dina Mayzlin, University of Southern California, USA
Professor Yuhong Du, Beijing Normal University, China
Professor Kenneth Merchant, Marshall School of Business, University of Southern California, USA
CENTRE FOR GLOBAL BUSINESS | 2020 A N N U A L R E P O RT
Affiliated International Experts Mr Haji Minorhadi Mirhassan, Bank Islam Brunei Darrusalam (BIBD), Brunei
Professor Yasutora Watanabe, University of Tokyo, Japan
Professor Jacqueline O’Reilly, University of Sussex, UK
Professor Frank Wolak, Stanford University, USA
Professor Martin Peitz, University of Mannheim, Germany
Professor Geoff Wood, Western University, Canada
Professor Sherry Xue Qiao, Renmin University of China, China
Professor Julian Wright, National University of Singapore, Singapore
Professor Shivaram Rajgopal, Columbia Business School, Columbia University, USA
Professor Anne Wu, NCCU College of Commerce, National Chengchi University, Taiwan
Mr Shankar Raman, Willis Towers Watson, USA
Professor Yaron Yehezkel, Tel-Aviv University, Israel
Professor Raghavendra Rau, Cambridge Judge Business School, University of Cambridge, UK
Professor Xiaodong Zeng, UNESCO
Professor Imke Reimers, Northeastern University, USA Professor Simon Restubog, University of Illinois – Urbana Champaign Professor Andrew Rhodes, Toulouse School of Economics, France
Professor Juanjuan Zhang, MIT, USA Professor Jidong Zhou, Yale University, USA Professor Feng Zhu, Harvard University, USA
Professor Katja Seim, Yale University, USA
Higher Degrees By Research Students
Dr Ian Selby, American Institute of Certified Practising Accountants (AICPA), USA
Phoneix Chan
Professor Greg Shaffer, University of Rochester, USA
Guangbao Fang
Professor Jiwoong Shin, Yale University, USA
Margaret Lee
Professor Helen Shipton, Nottingham Trent University, UK
Hanying Mao
Professor Ed Snape, Hong Kong Baptist University/University of Durham, UK
Anna Nguyen
Professor Suraj Srinivasan, Harvard Business School, Harvard University, USA
Tam Nguyen
Professor Junyang Su, Beijing Normal University, China Professor Steve Tadelis, UC Berkeley, USA Professor Greg Taylor, University of Oxford, UK Professor Catherine Tucker, MIT, USA Professor Peter Turnbull, University of Bristol, UK Professor Tommaso Valletti, Imperial College London, UK Mr Greg Vines, Deputy Director-General, International Labour Organization Professor Joel Waldfogel, University of Minnesota, USA Professor Zhenyuan Wang, East China Normal University, China
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Affiliated International Experts
AC K NO WLE DG E ME NTS
Asanka Perera Chao Ren Adam Robertson Amanda Selvarajah Michael Spencer Richard Taylor Xiaojing Yan Shade Zahrai
There are many ways to get involved with Monash Business School. To learn more about the Centre for Global Business please contact us.
Centre for Global Business Monash Business School Monash University 900 Dandenong Road Caulfield East, VIC 3145 Australia T: +61 3 9903 2014 E: BusEco-CGB@monash.edu Twitter: CGB_Monash monash.edu/business/cgb
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