... and firm value. Stand-alone risk committee Corporate risk-taking Firm value Australia G30 G32 G34 In the early years of the 21st century, a high number of business collapses and corporate scandals, such as Enron and World com, cost investors billions of dollars due to declines...

...John Watson; J. Wickramanayke; I.M. Premachandra Purpose This paper aims to contribute the existing finance literature by examining whether the ratings of Morningstar in Australia provide useful information for an investor by way of investigating the efficiency of domestic Australian equity funds...

... impairment testing regime in practice in Australia and New Zealand. The paper provides new empirical insights into the operation of the IFRS regime, in particular, the key dimension of discount rate selection by reporting entities. Tyrone M. Carlin can be contacted at: t.carlin@econ.usyd.edu.au ©...

...Fotios Pasiouras; Jan‐Egbert Sturm; Barry Williams Purpose The purpose of this paper is to explore the factors that affect differences in measured efficiency of foreign‐owned banks operating in Australia. The relevance of both comparative advantage theory and new trade theory to multinational...

..., both the NZSE and ASX have seen dramatic growth in both size and efficiency. By the end of 1990 the total market capitalisation of the NZSE was 13.8 per cent of GDP and the annual trading volume was 9.5 times that of GDP. In 1991, Australia's total market capitalisation was A$115.6 billion...

... on the index effect by providing Australian evidence. John Pinfold can be contacted at: j.f.pinfold@massey.ac.nz © Emerald Group Publishing Limited 2008 Australia Shares Share prices Stock exchanges The index effect, first studied by Shleifer (1986) , is now a source of considerable...

... evidence from markets outside the USA. Momentum Stock returns Equity capital Investments Australia Similar to Lee and Swaminathan (2000) , the monthly return for a K‐month holding period is based on an equal‐weighted average of portfolio returns from strategies implemented...

...Michael Gordon Forward rates in the money market are systematically higher than realised spot rates, reflecting an unobservable term premium. This paper uses a Kalman filter specification to produce time‐varying estimates of the term premia in New Zealand and Australia. Three time series...

...Adam Steen; Keith Kendall This paper considers the post‐listing returns performance of government‐issued Initial Public Offerings (IPOs) in Australia during the period 1989 to 1998. While several studies have considered the performance of government IPOs, most of their attention has been focused...

... 2003 Accounting research Share prices Volatility Theory Australia Managerial Finance 76 Excess Volatility? The Australian Stock Market from 1883 to 1999 by Richard Heaney, School of Economics and Finance, RMIT Business, RMIT University, Melbourne VIC 3001, Australia Abstract Are share...

.... Accounting research Market share Exchange rates Pricing Vehicles New Zealand Japan Australia Germany United Kingdom Volume 29 Number 1 2003 55 The Effect of Exchange Rate Expectations on Market Share by Jui-Chi Huang, Department of Economics, American University, 4400 Massachusetts Avenue NW...

... research Investment management efficiency Performance Data envelopment analysis Rating Australia Managerial Finance 60 Australian Mutual Fund Performance Appraisal Using Data Envelopment Analysis by Don U.A. Galagedera and Param Silvapulle, Department of Econometrics and Business Statistics, Monash...

... Measuring Productivity Changes in Australian Banking: An Application of Malmquist Indices by Dr. Milind Sathye, School of Accounting, Banking and Finance, University of Canberra, Canberra 2617, Australia Abstract The purpose of this paper is to analyse the change in the productivity of Australian banks...

...; and that underinvestment is greatest for firms with low management share ownership. Recognizes the limitations of the study and suggests some avenues for further research. © MCB UP Limited 2002 Accounting research Growth Leverage Directors Ownership Australia Volume 28 Number 3 2002 19 Investment...

...Stewart Jones; Rohit Sharma Outlines the rapid growth of “new economy” companies in Australia and compares their levels of earnings management with “old economy” firms, using data on all Australian listed companies. Reviews the relevant research, explains the methodology and presents the results...

... “is a promising technique” although more research is required, and suggests some avenues for this. Accounting research Company failures Modelling Neural networks Predictive validity Credit unions Australia Managerial Finance 56 A Study on Using Artificial Neural Networks to Develop an Early Warning...

... IOS proxies in the Australian context and calls for further research. © MCB UP Limited 2001 Accounting research Growth Investment Business policy Modelling Australia Managerial Finance 48 The Association Between the Investment Opportunity Set and Corporate Financing and Dividend...

...Stewart Jones Outlines Australia’s adoption of the direct method of cash flow reporting and presents a survey of 83 loan officers and 76 financial analysts to assess its decision relevance compared with traditional financial statements for commercial loan and investment decisions. Finds both groups...