FRESH THEORIES ON 3D WORLD
          
        
        
          Dr Tian Fang (Computer Science and Engineering) and
        
        
          collaborators from Beijing Normal University and Wuhan
        
        
          University have developed theories and methods
        
        
          of earth surface feature modeling and visualization
        
        
          based on multi-sensor spatial data that advance
        
        
          research and application of image segmentation and
        
        
          intelligent data 3D scene reconstruction. They have
        
        
          put forward a series of novel approaches for denoising
        
        
          images and point clouds with missing data, noise and
        
        
          complex backgrounds. They have also promoted the
        
        
          development of object recognition and segmentation
        
        
          technologies and improved the theories and methods of
        
        
          multi-sensor data-driven 3D reconstruction, forming
        
        
          unique theory systems for automatic reconstruction of
        
        
          3D city models.
        
        
          
            IPO UNDERPRICING
          
        
        
          A study by Prof Mingyi Hung (Accounting), with Prof
        
        
          Hyun Hong (University of California, Riverside) and
        
        
          Prof Gerald Lobo (University of Houston), has found
        
        
          a decrease in Initial Public Offering (IPO) underpricing
        
        
          and an increase in relative proceeds from foreign
        
        
          market s following the adoption of mandator y
        
        
          International Financial Reporting Standards (IFRS).
        
        
          The research was published in The Accounting Review.
        
        
          
            INFLUENCING CHOICE
          
        
        
          Prof Michael Zhang (Information Systems, Business
        
        
          Statistics and Operations Management), Prof Feng
        
        
          Zhu, (Harvard Business School) and Prof Monic Sun
        
        
          (Boston University), explored how people trade off
        
        
          the fundamental human needs to belong and to
        
        
          be different in social networks, through analysis of
        
        
          evidence from a large-scale field experiment on a
        
        
          leading social networking site in China. The results,
        
        
          replicated in surveys on subjects in the United States,
        
        
          uncover managerial implications for product diffusion
        
        
          and social media marketing.
        
        
          
            RATING PERFORMANCE
          
        
        
          P rof Elli ck Wong (Management ) inve s t i ga ted
        
        
          performance differentiation in performance evaluation,
        
        
          proposing and testing the notion that differentiation
        
        
          of ratings is a result of anchoring and adjustment.
        
        
          The prediction was supported by results in a pilot
        
        
          study involving gymnastics in the London 2012
        
        
          Olympic Games and a main study in which the initial
        
        
          performance dispersion of rates was experimentally
        
        
          manipulated.
        
        
          
            STUDENT DIVERSITY
          
        
        
          Using data from Peking University and Soochow
        
        
          University, Prof James Lee (Social Science) and Prof
        
        
          Cameron Campbell (Social Science) documented the
        
        
          distinctive diversity of China’s university students as
        
        
          a result of the college entrance examination system
        
        
          known as the gaokao in a 2013 Chinese-language
        
        
          book Silent Revolution: The Social Origins of Peking
        
        
          University and Soochow University Undergraduates,
        
        
          1949-2002. The book was co-authored with Chen
        
        
          Liang and published by Beijing Sanlian.
        
        
          
            ORIGINS OF PUBLIC FINANCE
          
        
        
          Prof Wenkai He (Social Science) published Paths
        
        
          Toward the Modern Fiscal State, England, Japan,
        
        
          and China (Harvard University Press), describing the
        
        
          rise of modern public finance that revolutionized the
        
        
          world’s economies. Prof He compares the paths of the
        
        
          three countries to discover why some governments
        
        
          developed the tools and institutions of modern public
        
        
          finance, and others, facing similar circumstances, failed
        
        
          to do so, and the consequences that resulted.
        
        
          
            22
          
        
        
          RESEARCH DEVELOPMENT