ISSUE: FEBRUARY 2021

FBA had significantly improved in its research endeavours in 2020. Achievements in 2020

include: 1) Colleagues in FBA published 27 ABS3 journal papers, 15 ABS4 journal papers, 3

ABS4* journal papers and 2 books; 2) A total of 62 colleagues had attained a total of 87 internal

and external research grants. 25 colleagues had attained 2 or more grants; 3) 10 PhD students

successfully completed their study and graduated in 2020.

Since the beginning of this year (2021), colleagues in FBA have published or have been

accepted for publishing in 1 ABS4*, 5 ABS4, 8 ABS3, and 8 other refereed journal papers. The

number of journal publications in the first two months of this year is relatively higher than in the

first two months last year in 2020 with 2 ABS4, 9 ABS3 and 4 other refereed journal papers

published.

5 articles in professional journals and in the media are reported in this issue. All are published in

Macao Daily.

4 high-quality papers on COVID-19 are forthcoming in ABS3 or above journals.

RESEARCH NEWSLETTER

Facul ty of B usine ss Ad minis trati on, U niversi ty of Maca u

Highlights

Journal Publications

Articles in Professional Journals

and Media

Research papers on COVID-19

F A C U L T Y O F B U S I N E S S A D M I N I S T R A T I O N

Table of Contents

Highlights

Source: Generated from http://bida.fba.um.edu.mo/staff/ as of 22nd February 2021

ABS3 or Above (January - February 2021)

Journal Publications (Published and Forthcoming)

Ru, H., Yang, E. and Zou, K., 'Combating the COVID-19 Pandemic: The Role of the SARS

Imprint‘, Management Science, Forthcoming, 2021 (ABS4*)

Chen, J.J., Ko, I.M., Li, L.S. and Yang, F.X., ‘Are Better-Connected CEOs More Socially

Responsible? Evidence from the U.S. Restaurant Industry’, Tourism Management,

Forthcoming, 2021. https://doi.org/10.1016/j.tourman.2021.104304. (ABS4)

Chen, J.J., Cui, C, Hunt, R.A. and Li, L.S. (2021), ‘External Enablement of New Venture

Creation: An Exploratory, Query-Driven Assessment of China's High-Speed Rail Expansion’,

Journal of Business Venture, V35(6). https://doi.org/10.1016/j.jbusvent.2020.106046. (ABS4)

Fong, V., Hong J. and Wong, A., 'The Evolution of Triadic Relationships in a Tourism Supply

Chain through Coopetition', Tourism Management, Forthcoming, 2021 (ABS4)

Qiu, R. T. R., Wu, D. C., Dropsy, V., Petit, S., Pratt, S., and Ohe, Y., 'Visitor arrival forecast

amid COVID19: Asia-Pacific team', Annals of Tourism Research, Forthcoming, 2021 (ABS4)

Hu, M., Qiu, R. T. R., Wu, D. C., and Song, H. (2021), 'Hierarchical pattern recognition for

tourism demand forecasting', Tourism Management, 84, 104263 (ABS4)

Chen, T., So, E., and Yan, I. (2021), 'Are crises sentimental?', International Journal of Finance

and Economics, 26(1): 962-985 (ABS3)

Fu, X., Bao. Q., Xie, H., and Fu, X.L. (2021), 'Diffusion of Industrial Robotics and Inclusive

Growth: Labour Market Evidence from Cross Country Data', Journal of Business Research,

122, 670-684 (ABS3)

Hong J. and Snell, R., 'Headquarters Control and its Legitimation in a Chinese Multinational

Corporation: The Case of Huawei', Management and Organization Review, Forthcoming, 2021

(ABS3)

Fu, H., Ke, G., Lian, Z., and Zhang, L., '3PL Firm's Equity Financing for Technology Innovation

in a Platform Supply Chain', Transportation Research Part E: Logistics and Transportation

Review, 147, Forthcoming, 2021 (ABS3)

Liu, M.T., Wang, S., McCartney, G., and Wong, I.A. (2021). 'Taking a break is for

accomplishing a longer journey: hospitality industry in Macao under the COVID-19 pandemic',

International Journal of Contemporary Hospitality Management, doi.org/10.1108/IJCHM-07-

2020-0678 (ABS3)

Choi, A., Lee, E., Park, S., and Sohn, B., 'The Differential Effect of Accrual-Based and Real

Earnings Management on Audit Fees' International Evidence', Accounting and Business

Research, Forthcoming, 2021 (ABS3)

Karathanasopoulos, A., Lo, C.C., Ma, X., and Qin, Z., 'Maintaining Cost and Ruin Probability',

Review of Quantitative Finance and Accounting, Forthcoming, 2021 (ABS3)

Yang F.X., Li X., Lau V.M.C., and Zhu V., 'To survive or to thrive? China’s luxury hotel

restaurants entering O2O food delivery platforms amid the COVID-19 crisis', International

Journal of Hospitality Management, Forthcoming, 2021 (ABS3)

10.

11.

12.

13.

14.

Facul ty of B usine ss Ad minis trati on, U niversi ty of Maca u

Articles in Professional Journals and Media

Chen J.J. and Hungwan Kot ( ), “ ”, [ ]

2021-02-21 A11 .

Chen J.J. ( ), “ ”, [ ] 2021-01-31 A11 .

Liu, M. ( ), " ", [ ] 2021-01-31 A11 .

Liu, M. ( ), " ", [ ] 2021-01-24 A11 .

Liu, M. ( ), " ", [ ] 2021-01-17 A11 .

Macau Daily News

High Quality Research Papers on COVID-19

Ru, H., Yang, E. and Zou, K. , 'Combating the COVID-19 Pandemic: The Role of

the SARS Imprint', Management Science, Forthcoming (ABS4*, UTD, IF: 3.935)

1) Dr. Endong Yang was involved in the research for the paper entitled “Combating the

COVID-19 pandemic: the role of the SARS imprint”, which has been accepted for

publishing by Management Science (MS), an ABS4* ranked top journal. MS is also one

of the top journals in the UT/Dallas list:

Abstract

We provide evidence of delayed attention and inaction in response to COVID-19 in

countries that did not experience SARS in 2003. Using cross-country data, we find

that individuals in countries that had SARS infections in 2003 search more

intensively for COVID-19-related information on Google in late January 2020, the

time of the first known outbreak in Wuhan, China. Early attention to the novel virus,

as measured by Google searches, is associated with deeper stock market drops in

countries with SARS experience. In contrast, people in countries without SARS

experience started to pay more attention much later, in March. Moreover,

governments in these countries responded significantly more slowly in implementing

social distancing policies to combat domestic COVID-19 outbreaks than

governments in countries with SARS experience. Furthermore, people in countries

with SARS experience are more compliant with social distancing rules. These timely

attention and proactive responses of individuals and governments are more

pronounced in countries that reported deaths caused by SARS, which left deeper

imprints. Our findings suggest that the imprint of similar viruses’ experience is a

fundamental mechanism underlying timely responses to COVID-19.

For details, please visit:http://dx.doi.org/10.2139/ssrn.3569330.

Facul ty of B usine ss Ad minis trati on, U niversi ty of Maca u

Several high-quality COVID-19 papers

Qiu, R. T. R., Wu, D. C., Dropsy, V., Petit, S., Pratt, S., and Ohe, Y., 'Visitor arrival

forecast amid COVID19: Asia-Pacific team', Annals of Tourism Research,

Forthcoming (ABS4, IF: 5.908)

Liu, M.T., Wang, S., McCartney, G., and Wong, I.A. (2021). 'Taking a break is for

accomplishing a longer journey: hospitality industry in Macao under the COVID-19

pandemic', International Journal of Contemporary Hospitality Management (ABS3, IF:

5.667)

2) Dr. Richard Qiu was involved in the research for a paper published in an ABS4 journal:

Abstract

It is important to provide scientific assessments concerning the future of tourism

under the uncertainty surrounding COVID-19. To this purpose, this paper presents a

two-stage three-scenario forecast framework for inbound-tourism demand across 20

countries. The main findings are as follows: in the first-stage ex-post forecasts, the

stacking models are more accurate and robust, especially when combining five single

models. The second-stage ex-ante forecasts are based on three recovery scenarios:

a mild case assuming a V-shaped recovery, a medium one with a V/U-shaped, and a

severe one with an L-shaped. The forecast results show a wide range of recovery

(10%–70%) in 2021 compared to 2019. This two-stage three-scenario framework

contributes to the improvement in the accuracy and robustness of tourism demand

forecasting.

For details, please visit: https://doi.org/10.1016/j.annals.2021.103155.

3) Prof. Matthew Liu, PhD student Ms. Shaoshan Wang and Prof. Glenn McCartney have

published a paper in an ABS3 ranked journal:

Abstract

This paper aims to analyze how a real-time COVID-19 pandemic is impacting

Macao’s hospitality industry, and illustrates why lessons from COVID-19 are an

opportunity for further development for the city. This case study highlights local

government and hospitality industry responses to a real-time crisis. Academic studies,

media news and reports have been collected to illustrate why the Macao’s response

to the COVID-19 pandemic could be taken as a city case study example. Previous

crisis experience provided guidance to Macao’s success in this pandemic. Macao has

succeeded in managing the adverse effects of COVID-19, illustrating the coexistence

of challenges and opportunities from experiencing the epidemic. With no COVID-19

cases in the city, crossborder tourism with China resumed in September. Macao is

undeniably over reliant on the gambling industry to provide tax income and

employment, creating an unbalanced industrial structure. However, the Chinese and

Macao Governments, the hospitality industry and other stakeholders, have presented

high levels of engagement, unity and rational courses of action during the pandemic.

This paper examines Macao’s two orientations – intra and post-coronavirus – which

are shown to be instrumental in the city’s future tourism development.

For details, please visit: https://www.emerald.com/insight/content/doi/10.1108/IJCHM-

07-2020-0678/full/html?skipTracking=true.

Facul ty of B usine ss Ad minis trati on, U niversi ty of Maca u

Several high-quality COVID-19 papers

FBA Newsletter Team (fba_newsletter@um.edu.mo)

Contact

Yang F.X., Li X., Lau V.M.C., and Zhu V., 'To survive or to thrive? China’s luxury

hotel restaurants entering O2O food delivery platforms amid the COVID-19 crisis',

International Journal of Hospitality Management, Forthcoming (ABS3, IF: 6.701)

4) Dr. Fiona Yang has published a paper in an ABS3 ranked journal:

Abstract

COVID-19 presents luxury hotels with an unenviable task of maneuvering to secure

survival. One of the contingency measures of China’s five-star hotels is to salvage

revenues by entering online-to-offline (O2O) food delivery platforms. However, both

opportunities and risks will ensue. Study 1 has content analyzed customer reviews

on the largest O2O food delivery platform in China to probe the key factors of

concern. The results show that taste, freshness, and brand credibility remain salient,

as in dine-in experiences, while packaging and delivery quality emerge as a result of

the integration of the O2O platform, and hygiene due to the COVID-19 pandemic.

Interestingly, interaction quality between restaurant staff and customers still plays

significant roles with the online channel. Study 2 has further deepened the

understanding of luxury restaurants’ O2O services through semi-structured

interviews with F&B professionals. The results have paved the way for hotel

operators to employ tactics on O2O platforms.

For details, please visit: https://doi.org/10.1016/j.ijhm.2020.102855.