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2010

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Articles 1 - 30 of 145

Full-Text Articles in Business

Predictable Responses In Currency Markets To Macroeconomic News: A Trading System Approach, Bruce Vanstone, Warwick Schneller Jul 2014

Predictable Responses In Currency Markets To Macroeconomic News: A Trading System Approach, Bruce Vanstone, Warwick Schneller

Bruce Vanstone

This paper analyses how the release of a macro news event affects exchange rate behaviour. The event examined was the US non-farm payrolls announcement and the British Pound (GBP)/ US Dollar (USD) were the selected currency pair. A trading system model was developed based on a formal methodology previously applied to equity markets. The system examined the currencies reaction to the announcement in determining whether any behavioural patterns were present. Based on the trading system, no exploitable trading patterns were found.


Motor Vehicle Taxes As An Environmental Management Instrument: The Case Of Singapore, Ngee-Choon Chia, Sock-Yong Phang Dec 2010

Motor Vehicle Taxes As An Environmental Management Instrument: The Case Of Singapore, Ngee-Choon Chia, Sock-Yong Phang

PHANG Sock Yong

No abstract provided.


From Efficiency-Driven To Innovation-Driven Growth: Perspectives From Singapore, Sock-Yong Phang, Kim Song Tan Dec 2010

From Efficiency-Driven To Innovation-Driven Growth: Perspectives From Singapore, Sock-Yong Phang, Kim Song Tan

PHANG Sock Yong

No abstract provided.


Managing Projects In Context: Responding To Strategic Drivers, Lynn Crawford, Terry Cooke-Davies Dec 2010

Managing Projects In Context: Responding To Strategic Drivers, Lynn Crawford, Terry Cooke-Davies

Lynn Crawford

Project management as a field of practice initially focused on the standalone project and on development of generic standards, largely ignoring context. This has been challenged by attempts to provide useful categorizations of projects according to their different attributes, including aspects of context, and there is increasing interest in application of different project management approaches according to project type. Recognition of project management as an organizational capability has been a more recent development, but models and standards for organizational project management have been subject to a similar one size fits all approach. Recent research into the value of project management …


The Effect Of Taxes On Multinational Debt Location, Matteo Arena, Andrew Roper Nov 2010

The Effect Of Taxes On Multinational Debt Location, Matteo Arena, Andrew Roper

Matteo P. Arena

We provide new evidence that differences in international tax rates and tax regimes affect multinational firms' debt location decisions. Our sample contains 8287 debt issues from 2437 firms headquartered in 23 different countries with debt-issuing subsidiaries in 59 countries. We analyze firms' marginal decisions of where to issue debt to investigate the influence of a comprehensive set of tax-related effects, including differences in personal and corporate tax rates, tax credit and exemption systems, and bi-lateral cross-country withholding taxes on interest and dividend payments. Our results show that differences in personal and corporate tax rates, the presence of dividend imputation or …


Measuring Bad Leadership In Organisations, James Shaw, Anthony Erickson Nov 2010

Measuring Bad Leadership In Organisations, James Shaw, Anthony Erickson

James B Shaw

This study describes the development of a measure of the nature of bad leadership in organisations. We then use scales developed from that measure in cluster analysis to empirically derive a taxonomy of bad leaders. Data were obtained through a web-based survey that generated 717 respondents. Based on follower perceptions, the results identified seven types of bad leaders based on behaviour-focused scales and seven types of bad leaders identified were not "all bad" but rather perceived as extreme on just one or two characteristics.


Bank Risk And Return: The Impact Of Bank Non-Interest Income, Barry Williams, Laurie Prather Nov 2010

Bank Risk And Return: The Impact Of Bank Non-Interest Income, Barry Williams, Laurie Prather

Laurie Prather

Purpose – The purpose of this paper is to consider the impact on bank risk of portfolio diversification between traditional margin income and fee-based income for banks operating in Australia.Design/methodology/approach – Considering several performance variables, this analysis compares the benefits of diversification across different bank types relative to margin income and fee income. Further, regression analysis considers bank risk and revenue concentration.Findings – This paper documents that fee-based income is riskier than margin income but offers diversification benefits to bank shareholders. While improving bank risk-return trade-off, these benefits are of second order importance compared to the large negative impact of …


Bank Risk And Return: The Impact Of Bank Non-Interest Income, Barry Williams, Laurie Prather Nov 2010

Bank Risk And Return: The Impact Of Bank Non-Interest Income, Barry Williams, Laurie Prather

Barry Williams

Purpose – The purpose of this paper is to consider the impact on bank risk of portfolio diversification between traditional margin income and fee-based income for banks operating in Australia.Design/methodology/approach – Considering several performance variables, this analysis compares the benefits of diversification across different bank types relative to margin income and fee income. Further, regression analysis considers bank risk and revenue concentration.Findings – This paper documents that fee-based income is riskier than margin income but offers diversification benefits to bank shareholders. While improving bank risk-return trade-off, these benefits are of second order importance compared to the large negative impact of …


An Analysis Of Australian Exchange Traded Options And Warrants, Will Bertin, Paul Fowler, David Michayluk, Laurie Prather Nov 2010

An Analysis Of Australian Exchange Traded Options And Warrants, Will Bertin, Paul Fowler, David Michayluk, Laurie Prather

Laurie Prather

This study focuses on the price discovery process in Australian option and warrant markets. Characterizing these two markets in terms of their cost structures and institutional features, we formally test competing price discovery hypotheses. The general findings indicate that the warrants market is the dominant market suggesting that their lower trading cost outweigh their less attractive institutional features. Additionally, we find that idiosyncratic differences among firms may result in a clientele effect thus providing justification for the coexistence of these seemingly redundant markets.


Aldi In Australia, Ingrid Bonn Nov 2010

Aldi In Australia, Ingrid Bonn

Ingrid Bonn

Extract: In 1948, the brothers Theo and Karl Albrecht opened the grocery store ‘Albrecht Discounts’ (Aldi) in Essen (Ruhr Valley), Germany. The store had a simple layout and offered a restricted number of products at a low price. The company grew rapidly, owning 13 stores in 1950 and about 300 stores in 1961 across Germany. In 1961, Theo and Karl divided the company into Aldi North (run by Theo) and Aldi South (run by Karl). The reasons for this division, according to Dieter Brandes, a former managing director of Aldi in Schleswig-Holstein, Germany, were different views about how to develop …


Corporate Governance As A Repeated Game Prisoners' Dilemma - And The Push To The Defect-Defect Cell, Peter Cebon Oct 2010

Corporate Governance As A Repeated Game Prisoners' Dilemma - And The Push To The Defect-Defect Cell, Peter Cebon

Peter Cebon

Governance of strategic risk can be understood as a repeated-game prisoners’ dilemma. In the cooperate-cooperate cell, boards and managers work together in a trusting, highly communicative relationship to make sense of the environment and to create and enact a strategy. In the defect-defect cell, the board distrusts the CEO and is concerned with monitoring and incentive alignment. Organisations with a focused strategy built on innovation-like actions benefit from being in the cooperate-cooperate cell. However, various internal and institutional forces push organisations, and particularly listed corporations, to the defect-defect cell.


Improving The Implementation Of Evidence-Based Practices And Information Systems In Healthcare: A Social Network Approach Oct 2010

Improving The Implementation Of Evidence-Based Practices And Information Systems In Healthcare: A Social Network Approach

Priscilla Arling

No abstract provided.


Personnel’S Perceptions Of Brand Equity In Banking Industry: An Exploratory Study In Turkey, Musa Pinar, Tulay Girard, Zeliha Eser, Bora Bodur Sep 2010

Personnel’S Perceptions Of Brand Equity In Banking Industry: An Exploratory Study In Turkey, Musa Pinar, Tulay Girard, Zeliha Eser, Bora Bodur

Musa Pinar

No abstract provided.


Examining The Impact Of Customer And Personnel Gender On Service Quality In Banking Industry, Musa Pinar, Sandy Strasser, Zeliha Eser Sep 2010

Examining The Impact Of Customer And Personnel Gender On Service Quality In Banking Industry, Musa Pinar, Sandy Strasser, Zeliha Eser

Musa Pinar

No abstract provided.


Dividend Drop Ratios And Tax Theory: An Intraday Analysis Under Different Tax And Price Quoting Regimes, Vyas Balasubramaniam, William Bertin, Thomas Henker, Laurie Prather Sep 2010

Dividend Drop Ratios And Tax Theory: An Intraday Analysis Under Different Tax And Price Quoting Regimes, Vyas Balasubramaniam, William Bertin, Thomas Henker, Laurie Prather

Thomas Henker

We calculate dividend drop ratios over periods with changing quotation and taxation frameworks to assess the validity of competing explanations. Using intraday prices adjusted for non-trading, we provide a more accurate picture of price changes due to dividend payments than those produced in previous literature. Intraday estimates for dividend drop ratios are consistently higher than those calculated with end of day prices. Further findings indicate that stocks trading ex-dividend, on average, underperform the market over the following month. We attribute this phenomenon to dividend capture trading by tax advantaged and tax indifferent market participants.


The Valuation Accuracy Of The Price-Earnings And Price-Book Benchmark Valuation Methods, C. S. Cheng, Ray Mcnamara Sep 2010

The Valuation Accuracy Of The Price-Earnings And Price-Book Benchmark Valuation Methods, C. S. Cheng, Ray Mcnamara

Ray McNamara

This paper evaluates the valuation accuracy of the price-earnings (P/E), the price-book (P/B) and a combined price-earnings and price-book (P/E-P/B) benchmark valuation methods. Performance of the benchmark valuation methods relies on the definition of comparable firms. In this paper, comparable firms are selected based on industry membership, size and return on equity as well as combinations of industry membership with size and with return on equity. We find that within the P/E and P/B benchmark valuation methods, the best definition of the comparable firms are based on industry membership combined with return on equity. However, only the industry membership is …


Occupier Perceptions Of Green Workplace Environment: The Australian Experience, Hikari Kato, Linda Too, Ann Rask Sep 2010

Occupier Perceptions Of Green Workplace Environment: The Australian Experience, Hikari Kato, Linda Too, Ann Rask

Hikari Kato

Purpose – The purpose of this paper is to shed light on the perceptions by occupiers of green workplace environments. It examines how occupiers (both management and employees) perceive and evaluate the role of green workplace environments, and subsequently assesses the effectiveness of a green workplace environment. Design/methodology/approach – The paper relies on a data set derived from a survey of 128 respondents who have occupied Green Building Council Australia's Green Star-rated offices and buildings for more than 12 months. Findings – The findings suggest that green workplace offers greater psychological benefits (taking pride of the workplace environment) to occupiers …


Organizational Citizenship Behaviour And Performance: A Meta-Analysis Of Group-Level Research, Tjai Nielsen, George Hrivnak, Megan Shaw Aug 2010

Organizational Citizenship Behaviour And Performance: A Meta-Analysis Of Group-Level Research, Tjai Nielsen, George Hrivnak, Megan Shaw

George Hrivnak

Most of the research on the relationship between organizational citizenship behavior (OCB) and performance has been conducted at the individual level. During the past 10 years, however, group-level research on that relationship has begun to appear. This article meta-analytically reviews 38 independent samples (N = 3,097) in which the relationship between OCB and performance was studied at the group level. The analyses in this study suggest a positive overall relationship between OCB and performance ( = .29), as well as the presence of several moderating variables. The theoretical implications of these findings are discussed, and some suggestions for future research …


A Framework For Leadership Development, George Hrivnak, Rebecca Reichard, Ronald Riggio Aug 2010

A Framework For Leadership Development, George Hrivnak, Rebecca Reichard, Ronald Riggio

George Hrivnak

Despite the tremendous amount of time, money, and energy spent by practitioners and scholars alike to understand, promote, and facilitate effective leadership development, the field is still far from fully understanding what is often regarded as both art and science. That is not to suggest, however, that the field's efforts have failed to result in substantial progress. Indeed, after defining some salient concepts and the overall scope of this chapter, we review some of the major theoretical and empirical advances in leadership development. Furthermore, the trends and 'best practices' dominant in today's organizations in leadership development are then summarized and …


Facilitating New Knowledge Creation, Priscilla Arling, M. Chun Aug 2010

Facilitating New Knowledge Creation, Priscilla Arling, M. Chun

Priscilla Arling

No abstract provided.


It Project Governance In Higher Education, Aileen Koh Aug 2010

It Project Governance In Higher Education, Aileen Koh

Aileen Koh

Extract:

This paper succinctly discusses the forms of Project governance that were recently implemented at Bond University. The three key forms are: Project governance mechanisms, Project Portfolio Office, and Project Management Framework.


Brand Ecosystem Strategy For Olive Oil, Musa Pinar, Paul Trapp Jul 2010

Brand Ecosystem Strategy For Olive Oil, Musa Pinar, Paul Trapp

Musa Pinar

No abstract provided.


Patterns Of Debt Use In Small Businesses: A Non-Parametric Analysis, Atreya Chakraborty Jul 2010

Patterns Of Debt Use In Small Businesses: A Non-Parametric Analysis, Atreya Chakraborty

Atreya Chakraborty

This paper uses non-parametric techniques to examine patterns of debt use by small firms and how such patterns differ across firm categories. The methodological goal is to use the richness of the firm level data and allow convincing presentations with minimum of assumptions. The procedures used provide easily comprehendible graphical descriptions of the data. The procedures augment what can be discerned from descriptive statistics by accounting for differential weights and allowing for clustering that is a native feature of cross-sectional data. We also investigate how firms could benefit if credit availability improves. Though a model-based analysis would be required to …


Trust Perceptions Of Online Travel Information By Different Content Creators: Some Social And Legal Implications., Stephen Burgess, Carmine Sellitto, Carmen Cox, Jeremy Buultjens Jul 2010

Trust Perceptions Of Online Travel Information By Different Content Creators: Some Social And Legal Implications., Stephen Burgess, Carmine Sellitto, Carmen Cox, Jeremy Buultjens

Carmen Cox

Consumers are increasingly turning to the online environment to provide information to assist them in making purchase decisions related to travel products. They often rely on travel recommendations from different sources, such as sellers, independent experts and, increasingly, other consumers. A new type of online content, user-generated content (UGC), provides a number of legal and social challenges to providers and users of that content, especially in relation to areas such as defamation, misrepresentation and social embarrassment. This paper reports research that examined the level of trustworthiness of online travel information from these different sources. The study used a survey of …


Embedded Ethics: Discourse And Power In The New South Wales Police Service, Ray Gordon, Stewart Clegg, Martin Kornberger Jul 2010

Embedded Ethics: Discourse And Power In The New South Wales Police Service, Ray Gordon, Stewart Clegg, Martin Kornberger

Ray Gordon

In this paper we report an ethnographic research study conducted in one of the world's largest police organizations, the New South Wales Police Service. Our research question was, `How do forms of power shape organizational members' ethical practices?' We look at existing theories that propose the deployment of two interrelated arguments: that ethics are embedded in organizational practices and discourse at a micro-level of everyday organizational life, which is contrasted with a focus on the macro-organizational, institutional forces that are seen to have an impact on ethics. Resisting this distinction between the `micro' and the `macro', we build on these …


Conviction And Punishment: Free Press And Competitive Election As Deterrents To Corruption, Xiaowen Tian, Vai Lo Jul 2010

Conviction And Punishment: Free Press And Competitive Election As Deterrents To Corruption, Xiaowen Tian, Vai Lo

Xiaowen Tian

Democratic institutions are not equally effective in curbing corruption. Using a criminal behavior model, this study formulates the hypothesis that corruption offenders, being risk-inclined, are deterred more by conviction-reinforcing democratic institutions than by punishment-reinforcing democratic institutions. Evidence based on cross-country regressions strongly supports this hypothesis, indicating that compared with competitive election, free press is a more effective deterrent to corruption. While shedding light on why corruption remains rampant in some electoral democracies - particularly the illiberal democracies - this study identifies a key to corruption control.


Foreign Bank Efficiency In Australia: What Makes A Difference?, Jan-Egbert Sturm, Barry Williams Jul 2010

Foreign Bank Efficiency In Australia: What Makes A Difference?, Jan-Egbert Sturm, Barry Williams

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 banking in Australia will be tested.

Design/methodology/approach – A three stage research method is employed. First, estimates of foreign bank efficiency are drawn from a larger sample of domestic and foreign banks in Australia. Efficiency is estimated using parametric distance functions, applying several different specifications of inputs and outputs. Second, factor analysis is used to estimate a series of common factors drawn from …


Modelling The Glitter In Gold, Kuldeep Kumar, Gulasekaran Rajaguru, Samir Shrivastava Jul 2010

Modelling The Glitter In Gold, Kuldeep Kumar, Gulasekaran Rajaguru, Samir Shrivastava

Kuldeep Kumar

Academics have found it particularly challenging to develop parsimonious models that can accurately model and forecast gold price. One of the reasons could be the complex nature of gold market fundamentals. Arguing that the key to forecasting gold prices lies in analyzing the factors that generate investment demand (as opposed to gold supply and fabrication demand), we empirically validate a model that factors in consumer sentiments, interest rates, returns on stock market, and oil prices. Our findings indicate that although gold price has significant correlation with all these four variables, interest rate and consumer sentiments are only significant predictors of …


Measuring Bad Leadership In Organisations, James Shaw, Anthony Erickson Jul 2010

Measuring Bad Leadership In Organisations, James Shaw, Anthony Erickson

Anthony Erickson

This study describes the development of a measure of the nature of bad leadership in organisations. We then use scales developed from that measure in cluster analysis to empirically derive a taxonomy of bad leaders. Data were obtained through a web-based survey that generated 717 respondents. Based on follower perceptions, the results identified seven types of bad leaders based on behaviour-focused scales and seven types of bad leaders identified were not "all bad" but rather perceived as extreme on just one or two characteristics.


Modelling The Glitter In Gold, Kuldeep Kumar, Gulasekaran Rajaguru, Samir Shrivastava Jul 2010

Modelling The Glitter In Gold, Kuldeep Kumar, Gulasekaran Rajaguru, Samir Shrivastava

Gulasekaran Rajaguru

Academics have found it particularly challenging to develop parsimonious models that can accurately model and forecast gold price. One of the reasons could be the complex nature of gold market fundamentals. Arguing that the key to forecasting gold prices lies in analyzing the factors that generate investment demand (as opposed to gold supply and fabrication demand), we empirically validate a model that factors in consumer sentiments, interest rates, returns on stock market, and oil prices. Our findings indicate that although gold price has significant correlation with all these four variables, interest rate and consumer sentiments are only significant predictors of …