This study investigates the impact of foreign ownership restrictions on firm value. A unique even... more This study investigates the impact of foreign ownership restrictions on firm value. A unique event on the Stock Exchange of Singapore (SES) simultaneously tightened and relaxed such restrictions. I find that imposing (relaxing) such restrictions reduces (increases) firm ...
This study looks at an emerging trend in which wealthy families, individuals, and corporations in... more This study looks at an emerging trend in which wealthy families, individuals, and corporations in Asia set up foundations to institutionalise their giving. This giving is motivated by a myriad of factors beyond prestige and status, including the desire to give back to society, religion, family and personal values, the desire to drive change, personal experience, and/or affiliations.
This study finds that philanthropic foundations in Asia can be characterised by their operational model, governance structure, and philanthropic focus. In emerging economies in Asia like Myanmar and China, these foundations tend to give nationally and operate their own programmes. On the other hand, foundations in developed economies like Singapore and Hong Kong tend to give both regionally and nationally via grants to civil society organisations that operate programmes, as opposed to running programmes themselves. Further, families tend to retain significant control of foundations in Singapore and Hong Kong, while programme funding serves as the preferred funding mode.
This study also discusses the various challenges and opportunities faced by the nascent philanthropic sector in Asia that can address some of the developmental and structural gaps left by the public, private, and people sectors.
This paper reviews the current state of impact investments by foundations in Singapore and Hong K... more This paper reviews the current state of impact investments by foundations in Singapore and Hong Kong. It further looks at the trends and challenges, and presents a list of recommendations that would enable the impact investment sector to take off.
This study investigates the impact of foreign ownership restrictions on firm value. A unique even... more This study investigates the impact of foreign ownership restrictions on firm value. A unique event on the Stock Exchange of Singapore (SES) simultaneously tightened and relaxed such restrictions. I find that imposing (relaxing) such restrictions reduces (increases) firm ...
This study looks at an emerging trend in which wealthy families, individuals, and corporations in... more This study looks at an emerging trend in which wealthy families, individuals, and corporations in Asia set up foundations to institutionalise their giving. This giving is motivated by a myriad of factors beyond prestige and status, including the desire to give back to society, religion, family and personal values, the desire to drive change, personal experience, and/or affiliations.
This study finds that philanthropic foundations in Asia can be characterised by their operational model, governance structure, and philanthropic focus. In emerging economies in Asia like Myanmar and China, these foundations tend to give nationally and operate their own programmes. On the other hand, foundations in developed economies like Singapore and Hong Kong tend to give both regionally and nationally via grants to civil society organisations that operate programmes, as opposed to running programmes themselves. Further, families tend to retain significant control of foundations in Singapore and Hong Kong, while programme funding serves as the preferred funding mode.
This study also discusses the various challenges and opportunities faced by the nascent philanthropic sector in Asia that can address some of the developmental and structural gaps left by the public, private, and people sectors.
This paper reviews the current state of impact investments by foundations in Singapore and Hong K... more This paper reviews the current state of impact investments by foundations in Singapore and Hong Kong. It further looks at the trends and challenges, and presents a list of recommendations that would enable the impact investment sector to take off.
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Papers by Lam Sum
This study finds that philanthropic foundations in Asia can be characterised by their operational model, governance structure, and philanthropic focus. In emerging economies in Asia like Myanmar and China, these foundations tend to give nationally and operate their own programmes. On the other hand, foundations in developed economies like Singapore and Hong Kong tend to give both regionally and nationally via grants to civil society organisations that operate programmes, as opposed to running programmes themselves. Further, families tend to retain significant control of foundations in Singapore and Hong Kong, while programme funding serves as the preferred funding mode.
This study also discusses the various challenges and opportunities faced by the nascent philanthropic sector in Asia that can address some of the developmental and structural gaps left by the public, private, and people sectors.
This study finds that philanthropic foundations in Asia can be characterised by their operational model, governance structure, and philanthropic focus. In emerging economies in Asia like Myanmar and China, these foundations tend to give nationally and operate their own programmes. On the other hand, foundations in developed economies like Singapore and Hong Kong tend to give both regionally and nationally via grants to civil society organisations that operate programmes, as opposed to running programmes themselves. Further, families tend to retain significant control of foundations in Singapore and Hong Kong, while programme funding serves as the preferred funding mode.
This study also discusses the various challenges and opportunities faced by the nascent philanthropic sector in Asia that can address some of the developmental and structural gaps left by the public, private, and people sectors.