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Welcome to the Department of Strategy and Policy

The department was established as the Division of Business Policy in the School of Management in 1983. Subsequently, in 1988, the School was organized into five departments and the division was established as the Department of Business Policy. We focus on the fields of strategy, international business, economics, and business law. With faculty members from different backgrounds, our department brings a multi- disciplinary perspective to the three pillars of the university mission -- research, teaching, and service.

Faculty members have published major books and in leading international academic journals, such as Academy of Management Journal, Management Science, Organization Science, Strategic Management Journal, American Economic Review, and the Journal of Political Economy.

We teach across the School's entire range of programmes, including PhD, Executive MBA, MBA, and BBA. Our purpose is to serve the academic community, university and the nation.

Professor Lim Chin, the Head of the Department, sadly passed away on September 12, 2014. For his obituary, as well as to share your memories and condolences, please click here.

PublicationsSeminars Visitors

CHANG*,S J and B Wu, “Industry dynamics and institutional barriers”.  Strategic Management Journal, 35, no. 8 (2014): 1103-1123. (United Kingdom).


Ahuja*, Gautam, Curba Lampert* and T VIVEK*, “Paradigm-Changing vs Paradigm-Deepening Innovation:  How Firm Scope Influences Firm Technological Response to Shocks”.  Organization Science, (2014).  (United States).


GAO, X, V. Hnatkovska and V. Marmer, “Limited Participation in International Business Cycle Models: A Formal Evaluation”.  Journal of Economic Dynamics & Control, 39 (2014): 255-272.  (Netherlands).


Ter, KL, “Good faith in the performance of commercial contracts revisited”.  Singapore Academy of Law Journal, 26(2014): 111-136. (Singapore).


Hsieh*,Kai-Yu and Freek Vermeulen, “The structure o fcompetition: How competition between one’s rivals influences imitative market entry”.  Organization Science, 25, no. 1 (2014). (United States).


O’Brien, J, D Parthiban, Y Toru and A K Delios, “How capital structure influences diversification performance: A transaction cost perspective”. Strategic Management Journal, (2014). (United Kingdom).


Hsieh*,Kai-Yu, Wenpin Tsai and Ming-Jer Chen, “If they can do it, why not us?  Competitors as reference points for justifying escalation of commitment”.  Academy of Management Journal, (2014). (United States). Forthcoming.


FU*,Q, J Lu* Z Wang, “Reverse”-Lottery Contests and contest elimination function”. Journal of Mathematical Economics, (2014): 128-140. (Switzerland).


FU*, Q,J Lu* and Z Wang,""Reverse"-Nested-Lottery Contests". Journal of Mathematical Economics, 50 (2014): 128-140.(Switzerland).


Corbett, A, J Cornelissen, A K Delios and B Harley, “Variety,novelty and perceptions of scholarship in research on management and organizations:An appeal for ambidextrous scholarship”. Journal of Management Studies, (2014). (United Kingdom).  Forthcoming.


FU*, Q and M Li*, “Reputation Concerned Policy Makers and Institutional Design”. Journal of Public Economics, 110 (2013): 15-25. (Netherlands).


FU*, Q, Oliver Gurtler and J Munster,“Communication and Commitment in Contests” Journal of Economic Behavior & Organization, 95 (2013): 1-19. (Netherlands).


Luo, X and C N Chung*, "Filling or abusing the institutional void?Ownership and management control of public family businesses in an emerging market". Organization Science,24, no. 2 (2013): 591-613. (United States).


Chung*,C N and X Luo, "Leadership succession and firm performance in an emerging economy: Successor origin, relational embeddedness, and legitimacy". Strategic Management Journal, 34, no. 3 (2013): 338-357. (United Kingdom).


Ishtiaq,P M, C N Chung* and W Mitchell,"The evolving impact of combinatorial opportunities and exhaustion on innovation by business groups as market development increases: The case of Taiwan". Management Science, 59,no. 5 (2013): 1142-1161. (United States).


Chang*,S J, J H Chung and J B Moon, "Do wholly-owned subsidiaries perform better than joint ventures?" Strategic Management Journal, 34 (2013):317-337. (United Kingdom).


CHANG*, S J, J Chung and J Moon, “When do foreign subsidiaries outperform local firms”. Journal of International Business Studies, 44, no. 8 (2013):853-860. (United Kingdom). 


Hu*, A G and I P L PNG*, "Patent rights and economic growth: Evidence from cross-country panels of manufacturing industries". Oxford Economic Papers-New Series, 65, no. 3 (2013): 675-698.(United Kingdom).


FU*, Q and J Lu*, "Competitive Effect of Cross-shareholdings in All-Pay Auctions with Complete Information".  International Journal of Industrial Organization, 31, no. 3 (2013):267-277.(Netherlands).


LU*, Y, I P L PNG and Z TAO, "Do Institutions not Matter in China?Evidence from Manufacturing Enterprises". Journal of Comparative Economics, 41, no. 1 (2013). (United States).(Available online 29 Nov 2011).


ZEITZ, P, “Do local institutions affect all foreign investors in the same way: evidence from the interwar Chinese textile industry”. Journal of Economic History, 73, no. 1 (2013):117-141. (United States)

SAIRAH, H and N Pangarkar*, "Internationalization of Singapore SMEs: Drivers and performance outcomes". International Studies of Management & Organization, 43, no. 2 (2013):30-55. (United States).

LU*, X and Q GU, "Unraveling the mechanisms of reputation and alliance formation: A study of venture capital syndication in China". Strategic Management Journal,(2013). (United Kingdom). Forthcoming


Lee, J and L L Lan*, "Why Women say "No" to Board Directorship". Harvard Business Review,(2013). (United States). (In Chinese). (The paper has been accepted for publication in Harvard Business Review China published by Social Sciences Academic Press).Forthcoming


Zhu, Hand C N Chung*, Portfolios of Political Ties and Business Group Strategy in Emerging Economies: Evidence from Taiwan”. Administrative Science Quarterly,(2013). (United States).  Forthcoming.


Xia,Jun, Xufei Ma, W J LU* and D Yiu, “Outward foreign direct investment by emerging market firms: A resource dependence logic”.  Strategic Management Journal, (2013). (United Kingdom).  Forthcoming.


Corbett,A, J Cornelissen, A K Delios and B Harley, “Strategizing and operating through our values: JMS at 50, editorial” Journal of Management Studies, (2013). (United Kingdom).  Forthcoming.


Ter*, K L, "Information management: Towards Consumer Data Protection Legislation in Singapore". Singapore Academy of Law Journal, 24 (2012):143-190. (Singapore).

Ravi, Chandran s/o Thiagarajah "Bonus and other payments in employment". Singapore Academy of Law Journal,(2012). (Singapore)  

Ishtiaq*, P M, M R David and S Mariko, "Endogeneityin International Business Research", Journal of International Business Studies, Vol. 43, no. 3, April 2012.(United Kingdom).

Fu*, Qand J Lu*,"Micro Foundations of Multi-Prize Lottery Contests:A Perspective of Noisy Performance Ranking". Social Choice and Welfare, 38, no. 3 (2012): 497-517. (Germany).

Fu*, Q, J Lu* and Yuanzhu Lu*, "Incentivizing R&D: Prize or Subsidies?" International Journal of Industrial Organization, (2012). (Netherlands).

Heracleous*, L and L L Lan*,"Agency Theory, Institutional Sensitivity, and Inductive Reasoning: Towards a Legal Perspective". Journal of Management Studies, 49,no. 1 (2012): 223-239. (United Kingdom).

Chang*, SJ and SPark, "Winning strategies in China". Long Range Planning,45 (2012): 1-15. (United Kingdom).

Pangarkar*,N and JieWu, "Industry globalization and the performance of emerging market firms: Evidence from China". International Business Review, 21, no. 2 (2011): 196-209. (United Kingdom). (April 2012.DOI:).

KIM*, Y, W J LU and Mooweon Rhee, “Learning from age difference: Interorganizational learning and survival in Japanese foreign subsidiaries 1986-2001”. Journal of International Business Studies, 43 (2012): 719-745. (United Kingdom).

Ishtiaq*, P M, Hongjin Zhu and W Zajac, "Where can capabilities come from? Network ties and capability acquisition in business groups". Strategic Management Journal, 32, no. 8(August  2011). (United Kingdom).

Samila*,S P and O Sorenson, "Non-compete Covenants: Incentives to innovate or impediments to growth". Management Science, 57, no. 3 (2011): 425-438.(United States).

Samila*,S P and O Sorenson, "Venture capital, Entrepreneurship, and Economic Growth".  Review of Economics and Statistics, 93,no. 1 (2011):338-349. (United States).

Ter*, K L, "Assessing the reasonableness of exception clauses".  Singapore Academy of Law  Journal, (2011). (Singapore).

Goh*, K Y, K.L.HUI* and I P L PNG*, "Newspaper Reports and Consumer Choice: Evidence from the Do Not Call Registry".  Management Science, 57, no. 9 (2011):1640-1654.(United States).

Chang*, SJ and J H Rhee, "Rapid FDI expansion and firm performance". Journal of International Business Studies, 42 (2011): 979-994.(United Kingdom).

Fu*, Q, Q Jiao* and J Lu*,"On Disclosure Policy in Contests with Stochastic Entry". Public Choice,148, no. 3 (2011): 419-434. (United States).

GU, Q and W J Lu*,"Effects of inward investment on outward investment: The venture capital industry worldwide 1985–2007".  Journal of International Business Studies, 42(2011): 263-284. (United Kingdom).

Lee, S L L, P K Wong*,M.D. Foo and Aegean Leung, "Entrepreneurial intentions:The influence of organizational and individual factors". Journal of Business Venturing, 26, no. 1 (2011): 124-136. (United States).

Zhang, J, P H Soh and P K Wong*,"Direct ties, prior knowledge and entrepreneurial resource acquisition in China and Singapore".  International Small Business Journal,29, no. 2 (2011): 170-189.  (United Kingdom). (The online version of this article can be found at:

Ter*, K L, "Have you signed your electronic contract?" Computer Law and Security Review, 27,no. 1 (2011): 75-82. (United Kingdom).

Delios*,A K,"Experience and a firm's performance in foreign markets: A commentary essay". Journal of Business Research, 64 (2011):227-229 (United States).  

Goerzen, A, S Sapp and A K Delios*, "Investor response to environmental risk in foreign direct investment". Management International Review, 50, (2011): 683-708. (Germany).

Kim, T Y, A K Delios* and D Xu, "Organizational geography, experiential learning,and subsidiary exit: Japanese foreign expansions in China,1979-2001". Journal of Economic Geography, no.4 (2010): 579-597. (United Kingdom).

Samila*,S P and O Sorenson, "Venture Capital as a Catalyst to Commercialization".  Research Policy, 39 (2010):1348-1360.  (Netherlands).

Ahuja, G and S Yayavaram*,"Explaining Influence Rents: The Case For An Institution-based View of Strategy". Organization Science, 22, no.6 (2010):1631-1652. (United States).

Kim*, Y and M Rhee, "Contingent Effect of Social Networks on Organizational Commitment:A Comparison of Instrumental and Expressive Ties in a Multinational High-Tech Company". Sociological Perspectives, 53, no.4 (2010): 479-502. (United States).

Jo*, S, "Non-uniform Strategic Trade Policy and Aggregate Profit Creation". Scottish Journal of Political Economy, 57, no. 3 (November 2010):644-662. (United Kingdom).

Pangarkar*,N, M Pharoah, Ac Nigam, D W Hutmacher and S Champ, "Advanced tissue sciences Inc: Learning from the past, a case study for regenerative medicine". Regenerative Medicine, 5, no.5 (2010): 823-835.

Png*, I P L, "On the reliability of software piracy statistics". Electronic Commerce Research and Applications,9 (2010): 365-373. (Others)

Wu, J and N Pangarkar*, "The bidirectional relationship between competitive intensity and collaboration: Evidence from China". Asia Pacific Journal of Management, 27, no. 3 (September 2010): 503-522. (Singapore).

Petty, R, S H S Leong*and May O Lwin, "Slogans: US and EU Legal Protection for Slogans that Identify and Promote the Brand". International Journal of Advertising, (2010). (United Kingdom).