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Rivera Custom Cabinetry: Financial Statement Analysis Using Excel, Benoit Boyer, Bridget Lyons 2011 Sacred Heart University

Rivera Custom Cabinetry: Financial Statement Analysis Using Excel, Benoit Boyer, Bridget Lyons

WCOB Faculty Publications

This case illustrates the impact of various business transactions on a firm’s financial statements. The case objective is to highlight how business transactions affect financial statements and to illustrate the links between financial statements and key ratios. The case was developed and piloted as a final project in an introductory accounting class and as an accounting review in a corporate finance course. In each part of the case, students are asked to show the impact of a business transaction on the firm’s balance sheet and income statement. The cash flow statement and financial ratios calculate automatically. Part 1 ...


Narrative Approach To Corporate Strategy: Empirical Foundations, Michael S. Carriger 2011 Sacred Heart University

Narrative Approach To Corporate Strategy: Empirical Foundations, Michael S. Carriger

WCOB Faculty Publications

Purpose - This paper aims to present theoretical and empirical foundations for the use of a particular type of narrative skillfully deployed by senior leaders in an organization as an effective tool for creating, disseminating and executing corporate strategy. Design/methodology/approach - The paper presents original research on the effectiveness of the use of a "springboard story" as a leadership tool. Findings - Data are presented to substantiate that a "springboard story" presentation of corporate strategy and competitive advantage is more effective at producing a consistent and confident choice of competitive advantage among an audience than a presentation of corporate strategy using ...


Equity Basis Selection In Allocation Environments: An Empirical Analysis, David Aadland 2011 University of Wyoming

Equity Basis Selection In Allocation Environments: An Empirical Analysis, David Aadland

Economics and Finance Faculty Publications

Successful formation and long-term stability of cooperative ventures is often linked to the perceived fairness of the cost and resource allocations that these ventures employ. Indeed, the lack of a consensus over what basis should be used for gauging equitable allocation can undermine the prospects for collaboration. We use irrigation cost sharing as a context for examining the equity basis selections of cooperative ventures that successfully form and endure. Our analysis reveals that these selections are explained by features of the cooperative environment and inequities in the derived benefits from the irrigation water.


Broker Recommendations And Australian Small-Cap Equity Fund Management, Carole Comerton-Forde, David R. Gallagher, Joyce Lai, Terry S. Walter 2011 University of Sydney

Broker Recommendations And Australian Small-Cap Equity Fund Management, Carole Comerton-Forde, David R. Gallagher, Joyce Lai, Terry S. Walter

Faculty of Business - Papers

This study examines whether the abnormal performance of active Australian small-cap equity fund managers is associated with broker recommendations. Our evidence supports the investment value of broker recommendations, showing significant abnormal returns (ARs) both pre- and post-broker recommendations. We find that when a factor-mimicking portfolio based on broker recommendations is added to a Carhart (1997) model, annual alphas are reduced by 48 basis points. Using transaction-level data, buy trades following broker recommendations earn significant cumulative ARs of 1.56 per cent after 60days. Overall, we find that broker recommendations account for an economically significant component of alphas.


Tariffs, Subsidies, And Profits: A Re-Assessment Of Structural Change In Australia 1901–39, David Merrett, Simon Ville 2011 University of Melbourne

Tariffs, Subsidies, And Profits: A Re-Assessment Of Structural Change In Australia 1901–39, David Merrett, Simon Ville

Faculty of Commerce - Papers (Archive)

We re-interpret the drivers of structural change in Australia from Federation to World War II. Manufacturing increased its relative share of output and employment, the farm sector and mining contracted. Conventional wisdom contends these shifts largely resulted from government policy, particularly increases in trade barriers. We contend that the connection between tariffs and increased profitability is conceptually weak and not supported by extant evidence. We argue that exogenous shifts in consumer preferences, the adoption of new technologies, changing factor proportions, and greater specialisation in manufacturing and services were responsible for manufacturing increasing its share of the economy's resources and ...


The Impact Of Job Loss On Family Dissolution, Denise Doiron, Silvia Mendolia 2011 University of New South Wales

The Impact Of Job Loss On Family Dissolution, Denise Doiron, Silvia Mendolia

Faculty of Commerce - Papers (Archive)

The impact of involuntary job displacements on the probability of divorce is analysed using discrete duration models. The analysis uses the sample of couples from the British Household Panel Survey and distinguishes between types of displacements. Results show that couples in which the husband experiences a job loss are more likely to divorce. Redundancies have small, positive, often insignificant and short-lived effects while dismissals and temporary job endings have larger positive impacts. This is consistent with the interpretation of redundancies as capturing negative income shocks while other types of job loss also convey new information about potential future earnings and ...


The Role Of The Government In Financial Sector Development, Arusha Cooray 2011 University of Wollongong

The Role Of The Government In Financial Sector Development, Arusha Cooray

Faculty of Commerce - Papers (Archive)

This study examines the impact of two dimensions of the government, namely, size and quality, on two dimensions of the financial sector, size and efficiency, in a cross section of 71 economies. The study finds that increased quality of the government as measured by governance and legal origin positively influences both financial sector size and efficiency. The size of the government proxied by government expenditure and the government ownership of banks has a negative effect on financial sector efficiency, and a positive impact on financial sector size, particularly in the low income economies.


Disproportional Ownership Structure And Pay–Performance Relationship: Evidence From China's Listed Firms, Jerry Cao, Xiaofei Pan, Gary Tian 2011 Singapore Management University

Disproportional Ownership Structure And Pay–Performance Relationship: Evidence From China's Listed Firms, Jerry Cao, Xiaofei Pan, Gary Tian

Faculty of Commerce - Papers (Archive)

This paper examines the impact of ownership structure on executive compensation in China's listed firms. We find that the cash flow rights of ultimate controlling shareholders have a positive effect on the pay–performance relationship, while a divergence between control rights and cash flow rights has a significantly negative effect on the pay–performance relationship. We divide our sample based on ultimate controlling shareholders' type into state owned enterprises (SOE), state assets management bureaus (SAMB), and privately controlled firms. We find that in SOE controlled firms cash flow rights have a significant impact on accounting based pay–performance relationship ...


Cross-Sector Research Collaboration In Australia: The Cooperative Research Centres Program At The Crossroads, Tim Turpin, Samuel Garrett-Jones, Richard Woolley 2011 University Of Western Sydney

Cross-Sector Research Collaboration In Australia: The Cooperative Research Centres Program At The Crossroads, Tim Turpin, Samuel Garrett-Jones, Richard Woolley

Faculty of Commerce - Papers (Archive)

In this article we trace changes in the institutional and social dynamics that have steered cross-sector R&D collaboration in Australia. Public policy provided the initial push toward cross-sector collaboration. The Cooperative Research Centres (CRC) Program is Australia's most longstanding national arrangement for industry-university-government research collaboration. Over the past two decades the program has grown to become the dominant model for cross-sector R&D cooperation in the country. Because of the size of the program in the Australian innovation system it has also become a major focus for debate about science policy. Universities have now institutionalised this imperative in ...


Earnings Management And The Effect Of Earnings Quality In Relation To Stress Level And Bankruptcy Level Of Chinese Listed Firms, Feng Li, Indra Abeysekera, Shiguang Ma 2011 University of Wollongong

Earnings Management And The Effect Of Earnings Quality In Relation To Stress Level And Bankruptcy Level Of Chinese Listed Firms, Feng Li, Indra Abeysekera, Shiguang Ma

Faculty of Commerce - Papers (Archive)

This paper investigates the link between earnings management and earnings quality for the Chinese firms listed in the Shanghai and Shenzhen stock exchanges from 2003 to 2007. The earnings quality is measured by four separate earnings attributes: accruals quality, earnings persistence, earnings predictability, and earnings smoothness. We find that the stressed/bankrupt firms prefer opportunistic earnings management; the non-stressed/non-bankrupt firms are more likely to choose more efficient earnings management than the stressed/non-bankrupt firms. We find that earnings management performs better than earnings quality in predicting future profitability. We also find that the earnings quality has deteriorated over the ...


Institution Building And Organizational Diversity: Evidence From Australian Woolbrokers’ Associations, 1890‐1939, David Merrett, Simon Ville 2011 University of Melbourne

Institution Building And Organizational Diversity: Evidence From Australian Woolbrokers’ Associations, 1890‐1939, David Merrett, Simon Ville

Faculty of Commerce - Papers (Archive)

Between 1890 and 1914 Australia became the world’s largest market for wool. Wresting this title from London required local brokers to create an ordered market with a central auction room, a uniform sale contract and standard arbitration procedure across a number of separate selling centres. This paper explores the various governance structures created by the Associations in Melbourne, Brisbane and Sydney, to bind co‐operative behaviours. We argue that the dual objects of the Associations, adherence to a uniform price and the operation of a central auction, provided different levels of incentives to firms to co‐operate in each ...


Self-Congruity Theory: To What Extent Does It Hold In Tourism?, P. Boksberger, Sara Dolnicar, Christian Laesser, Melanie J. Randle 2011 University of Applied Sciences - Switzerland

Self-Congruity Theory: To What Extent Does It Hold In Tourism?, P. Boksberger, Sara Dolnicar, Christian Laesser, Melanie J. Randle

Faculty of Commerce - Papers (Archive)

This paper investigates: (1) if, and to what extent, self-congruity theory is applicable in tourism, (2) to what extent travel and person characteristics explain the degree of self-congruity, and (3) how the operationalization of self-congruity affects the conclusions about whether self-congruity holds in tourism. Results derived from a large-scale study of Swiss travellers indicate that conclusions depend heavily on how self-congruity is measured. Using a relatively strict measure, more than half the trips under study can be classified as self-congruent. However, travel and socio-demographic characteristics are very limited in their ability to explain when self-congruity occurs.


Active Ageing: Using An Arcon Framework To Study U3a (University Of The Third Age) In Australia, Ronald C. Beckett, Michael Jones 2011 University of Western Sydney

Active Ageing: Using An Arcon Framework To Study U3a (University Of The Third Age) In Australia, Ronald C. Beckett, Michael Jones

Faculty of Commerce - Papers (Archive)

There are more than 200 U3A groups in Australia where senior citizens collaborate to provide recreational learning opportunities to more than 60,000 other senior citizens. The movement continues to grow through the efforts of thousands of volunteers with very limited government support. We chose to use a collaborative network organisation modelling framework, ARCON, to both guide questions we asked in our research and to represent data from different instances in a consistent way. This provided a coherent view of the status quo, but supplementary questions were needed to consider the future viability of U3A groups. Spinoff network activities associated ...


A Centre Of International Trade And Transport Logistics, Eric Deakins, Paul Childerhouse, Tillmann Boehme 2011 University of Waikato

A Centre Of International Trade And Transport Logistics, Eric Deakins, Paul Childerhouse, Tillmann Boehme

Faculty of Commerce - Papers (Archive)

Achieving superior productivity and growth, and understanding how to best manage cost-efficient, environmentally-friendly modes of integrated transport is of vital importance to a nation's strategic interests. Yet in an era of increasing sensitivities toward greenhouse gas emissions and the ‘greening’ of business many countries lack educational facilities which are dedicated to understanding multi-modal transport logistics and sustainable supply chains that can extend to international trading partners. This paper explains in detail a proposed centre of excellence concept that was developed for the New Zealand Chartered Institute of Logistics and Transport (CiLT). By facilitating intensive business collaborations and engaging industry ...


Informing Implementers Of Lean Strategy In Process Industries - The Central Role Of Schedulers, Peter Caputi, Tim Coltman, Irit Alony 2011 University of Wollongong

Informing Implementers Of Lean Strategy In Process Industries - The Central Role Of Schedulers, Peter Caputi, Tim Coltman, Irit Alony

Faculty of Commerce - Papers (Archive)

Lean strategy has been recognized for its benefits to discrete manufacturing industries world-wide. However, implementing Lean strategy in process industries has proven difficult. In an at-tempt to address this problem, this paper identifies scheduler’s decisions as crucial to the success-ful execution of Lean strategy. The paper examines existing descriptions of schedulers and their roles, in search of their potential impact on this execution. Using a case study from the Austra-lian steel industry, empirical evidence shows that schedulers are critical to the success of Lean strategy. Two paths of impact are suggested: (1) schedulers’ role as negotiators and facilitators of ...


Does Managerial Signalling Behaviour Affect Conflict During Npd Projects: An Exploratory Study, Elias Kyriazis, Les Johnson, Paul Couchman 2011 University of Wollongong

Does Managerial Signalling Behaviour Affect Conflict During Npd Projects: An Exploratory Study, Elias Kyriazis, Les Johnson, Paul Couchman

Faculty of Commerce - Papers (Archive)

Cross-functional relationships during NPD projects have received considerable researchattention with an emphasis on achieving successful integration and avoiding harmfulconflict. The purpose of this paper is to develop and test an exploratory model examiningthe effects of managerial signalling behaviour, at top management and functional level,on conflict in cross-functional working relationships. Focussing on working relationshipbetween marketing managers and R&D managers in 184 new product developmentprojects in Australia this study examines the antecedents of conflict as reported by theR&D Manager. This study provides empirical support for the proposition that while topmanagement actions are useful in facilitating integration, the way a ...


Suggesting A Practical Agenda For Green Is - Recent Solutions Within A Framework Of Efficiency, Information, And Effectiveness, Helen M. Hasan, Irit Alony 2011 University of Wollongong

Suggesting A Practical Agenda For Green Is - Recent Solutions Within A Framework Of Efficiency, Information, And Effectiveness, Helen M. Hasan, Irit Alony

Faculty of Commerce - Papers (Archive)

Awareness of environmental sustainability and ecological issues is growing, and different industry sectors are seeking ways to address them effectively. The Information Systems (IS) community is in a position to make a significant contribution to environmental efforts, not only by mitigating its own impact, but also by guiding the activities of other communities. To support environmental efforts, or to become more ―Green‖, several Green fields and research streams have emerged. Previous Green IT research focused on mitigating and reducing the impact of IT production and manufacturing, whereas Green IS research has the ability to re-design modern activities to support environmental ...


Accounting For Corruption: Abuse Of Rank And Privilege, Kathleen A. Cooper, Ian K. Fargher 2011 University of Wollongong

Accounting For Corruption: Abuse Of Rank And Privilege, Kathleen A. Cooper, Ian K. Fargher

Faculty of Commerce - Papers (Archive)

Rank, privilege and responsibility should be inseparable. However, investigations ofcorporate scandals typically reveal rank, privilege and irresponsible behaviour gohand in hand. The publicity and recriminations surrounding corporate scandals tendto focus first on corporate executives implicated in poor management or otherinappropriate behaviour and then on the relevant regulators. Where financialmanipulation is revealed, the external auditor also comes under scrutiny. Thedeficiencies in corporate regulation including accounting and audit standards aresubject to less public inspection but are often the subject of enquiry by governmentappointedbodies. Recommendations for regulatory reform follow and the public isassured the risk of similar scandals is minimised or at least ...


The Effect Of Corporate Governance, Corporate Financing Decision And Ownership Structure On Firm Performance: A Panel Data Approach From Kuwait Stock Exchange, Helen M. Hasan, Mohammad Al Mutairi 2011 University of Wollongong

The Effect Of Corporate Governance, Corporate Financing Decision And Ownership Structure On Firm Performance: A Panel Data Approach From Kuwait Stock Exchange, Helen M. Hasan, Mohammad Al Mutairi

Faculty of Commerce - Papers (Archive)

The aim of this paper is to examine the effect of corporate governance, corporate financing decision, and ownership structure on firm performance. The study uses panel based regression approach; the analysis is based on a sample of 80 listed Kuwait Stock Exchange Market firms, over a period of 9 years, from 2000 to 2008. Findings suggest that there is no association between ownership structure (identity, types or mix) and firm performance, using both measures of firm performance, ROA and Tobin’s Q. This study also finds that government ownership is insignificantly positively related to ROA using pool data; the result ...


Personality And Motivation Matter In Touring Holidays: A Preliminary Investigation Into Heterogeneity Among Touring Travelers, John Gountas, Sara Dolnicar, Sandra Gountas 2011 Murdoch University

Personality And Motivation Matter In Touring Holidays: A Preliminary Investigation Into Heterogeneity Among Touring Travelers, John Gountas, Sara Dolnicar, Sandra Gountas

Faculty of Commerce - Papers (Archive)

Touring travelers represent a significant market in Australia and are expected to play an even larger role in the future. Yet, to date, they are viewed and treated like one large homogeneous market. The aim of the present study was to question this assumption and investigate whether distinct segments exist among touring travelers. Results, based on an empirical study of 430 Australian travelers, indicate that at least two distinct segments can be constructed which differ in travel motivations, sociodemographics, and personality characteristics. These findings can be used to segment and harvest the market of tourist travelers through the development of ...


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