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Market Efficiency Test Of Australian Options Market Using Put Call Parity Analysis, Eng Kiang Peter Lee
Market Efficiency Test Of Australian Options Market Using Put Call Parity Analysis, Eng Kiang Peter Lee
Theses : Honours
The aims of this thesis is twofold. The primary objective is to test the market efficiency of Australian Options Marlcet (AOM) using the put call parity model. In addition, empirical evidence on the put call parity model is also gather. The put call parity model specified a deterministic relation between the prices of calls and puts. In particular, the put call parity model specifies an upper and lower boundary conditions. A breach in the put call parity model result in arbitrage opportunities which is inconsistent with a efficient market. Four companies share options traded in AOM over a six month …
The Systematic Interest Rate Risk Of The Returns On Australian Bank Shares, Michael Shanahan
The Systematic Interest Rate Risk Of The Returns On Australian Bank Shares, Michael Shanahan
Theses : Honours
This paper examines the relationship bank share returns have with interest rate changes. Specifically, what is the systematic interest rate risk of Australian bank share returns. The reasons why bank shares and interest rates possibly have a relationship with interest rates are numerous, interrelated and complicated. Shares and interest rates generally have a relationship because of the comparison made between interest bearing securities and dividend paying shares. However, the relationship is compounded with banks, because of their exposure to interest rate risk. This paper involves two separate analyses. The firp.t part involves attempting to measure a bank share's interest rate …
Determinants Of A Firm's Approach To Accounting For Goodwill, Christine E. Taylor
Determinants Of A Firm's Approach To Accounting For Goodwill, Christine E. Taylor
Theses : Honours
The purpose of this study is to ascertain factors that may explain an Australian firm's approach to accounting for goodwill and to examine the diversity that existed in accounting for goodwill in the pre-standard era. Utilising a costly contracting framework, determinants of the accounting policy choice are proposed and three separate groups of hypotheses are formulated. The ex ante hypothesis in this study utilises industry as an explanatory variable that would be expected to explain the motivations of accounting choices by firms. It was found that there is no significant association between industry classification and the choice of method in …
Factors In The Non-Recognition Of Overseas Qualifications: The Case Of Medical Practitioners, Christine V. Farag
Factors In The Non-Recognition Of Overseas Qualifications: The Case Of Medical Practitioners, Christine V. Farag
Theses : Honours
The overseas qualified doctor is a potential threat to the state-sanctioned control practising doctors have over medical knowledge in Australia. The nonrecognition of qualifications of many migrant and refugee doctors, in particular from non-English speaking background (NESB) countries, presses them into a subordinate relationship lo that of registered practitioners. The ownership of medical knowledge is limited lo state-recognised practitioners, thus allowing them to maintain significant economic and social advantage within the general community. The relationship between qualified practitioners and the state is indicative of a particular dynamic in which some individuals are able to exclude others by mechanisms of social …
Postmodernist Writings, Realist Readings: Peter Carey's Bliss And The Tax Inspector, Antonio Jose Dos Santos Simoes Da Silva
Postmodernist Writings, Realist Readings: Peter Carey's Bliss And The Tax Inspector, Antonio Jose Dos Santos Simoes Da Silva
Theses : Honours
No abstract provided.