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Full-Text Articles in Business

An Analysis Of Whether Privately Owned Financial Planning Practices Are Transitioning To Fully Independent Advice Providers, Darren Pawski, Robert Powell, Anna Golab Aug 2022

An Analysis Of Whether Privately Owned Financial Planning Practices Are Transitioning To Fully Independent Advice Providers, Darren Pawski, Robert Powell, Anna Golab

Research outputs 2022 to 2026

In Australia, there are over 20,000 financial advisers, with only 1 % registered as independent financial advisers. This study investigates why there has been no significant transition to independent advising. The importance of the study is underlined by the substantial losses suffered by thousands of consumers from advice that has been found to be influenced by conflicts of interest. Using a qualitative technique, the study undertook exploratory semi-structured interviews among financial advisers. The study found that over 90% of privately owned advisers will not be transitioning to independent advising due to the belief that clients will not pay fees for …


The Influence Of Local Embeddedness On The Economic, Social, And Environmental Sustainability Practices Of Regional Small Firms, Jalleh Sharafizad, Janice Redmond, Craig Parker Jan 2022

The Influence Of Local Embeddedness On The Economic, Social, And Environmental Sustainability Practices Of Regional Small Firms, Jalleh Sharafizad, Janice Redmond, Craig Parker

Research outputs 2022 to 2026

Despite growing research on economic, social, and environmental sustainability, few studies explore all three sustainability pillars and implemented practices, in the context of regional small firms. This study uses a novel integration of two theoretical concepts, local embeddedness, and sustainability embeddedness orientation, to fill this knowledge gap. Using 26 interviews, the study highlights the nuanced interconnectedness of three new theoretical concepts that link local embeddedness and sustainability embeddedness–locally embedded sustainability values, spatially-driven sustainability and locally adapted sustainability. An integrated theoretical framework is provided that uses the three new concepts to explain how and why small firm local embeddedness in regional …


Do Liquid Assets Lure Managers? Evidence From Corporate Misconduct, Rashid Zaman, Nader Atawnah, Muhammad Nadeem, Stephen Bahadar, Irfan H. Shakri Jan 2022

Do Liquid Assets Lure Managers? Evidence From Corporate Misconduct, Rashid Zaman, Nader Atawnah, Muhammad Nadeem, Stephen Bahadar, Irfan H. Shakri

Research outputs 2022 to 2026

We examine the effect of asset redeployability on corporate misconduct and find a significant positive relationship. Utilizing a large sample of public US firms for the period of 2001 to 2015, we find that a one standard deviation (SD) increase in the proportion of redeployable assets leads to a 7.2% increase in corporate fines. We also find that the positive association between asset redeployability and corporate misconduct varies across types of misconduct and industrial heterogeneity. In our channel analysis, we find that managerial risk-taking is a potential mechanism through which asset redeployability is associated with misconduct. Additional tests reveal that …


The Evolution Of Mining Employment During The Resource Boom And Bust Cycle In Australia, Nam Foo, Ruhul Salim Jan 2022

The Evolution Of Mining Employment During The Resource Boom And Bust Cycle In Australia, Nam Foo, Ruhul Salim

Research outputs 2022 to 2026

Mining employment in Australia can be cyclical and volatile. Since the gold rush in the 1850s, Australia has experienced two major mining booms. The first was in the 1970s and the second (i.e., the mineral boom) was in the mid-2000s and so it is important to have a discussion about trends in the Australian mining industry and about employment during mining cycles. This study employs Australian mining industry data to investigate sectoral labor mobility (moving from one industry to another) when the business cycles have changed. This research has used quarterly data from 1950q1 to 2018q4 for several industries such …


Covid-19 And Csr Disclosure: Evidence From New Zealand, Stephen Bahadar, Rashid Zaman Jan 2022

Covid-19 And Csr Disclosure: Evidence From New Zealand, Stephen Bahadar, Rashid Zaman

Research outputs 2022 to 2026

Purpose – Stakeholders’ uncertainty about firms’ value drives their urge to get information, as well as managerial disclosure choices. In this study, the authors examine whether and how an important source of uncertainty – the recent COVID-19 pandemic’s effect on corporate social responsibility (CSR) disclosure – is beyond managerial and stakeholders’ control. Design/methodology/approach – The authors develop a novel construct for daily CSR disclosure by employing computer-aided text analysis (CATA) on the press releases issued by 125 New Zealand Stock Exchange (NZX) listed from 28 February 2020 to 31 December 2020. To capture COVID-19 intensity, the authors use the growth …