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Full-Text Articles in Business
Hongkong And Shanghai Bank Financial Reporting Practice 1865-1876, Freda Hui, Kathleen M. Rudkin
Hongkong And Shanghai Bank Financial Reporting Practice 1865-1876, Freda Hui, Kathleen M. Rudkin
Faculty of Commerce - Papers (Archive)
Accounting practices of Hongkong and Shanghai Bank from 1865 to 1876 fostered its repertoire of precocial identities. Hongkong and Shanghai bank used these identities to act opportunistically in commercial dealings with the British colonial administration of Hong Kong, the public of the United Kingdom, and the Emperor of China and his Chinese administration. This paper argues HSBC varied its financial reporting practices to manage its identities in public spaces in different cultural constituencies in order to ensure its longer term survival. The approach taken is to use the example of HSBC’s Foochow loan to demonstrate its use of financial reporting …
Financial Crises And Stock Market Volatility Transmission: Evidence From Australia, Singapore, The Uk, And The Us, Indika Karunanayake, Abbas Valadkhani, Martin J. O'Brien
Financial Crises And Stock Market Volatility Transmission: Evidence From Australia, Singapore, The Uk, And The Us, Indika Karunanayake, Abbas Valadkhani, Martin J. O'Brien
Faculty of Commerce - Papers (Archive)
With the globalization of international trade and finance, the interaction between international financial markets has increased markedly. Therefore, this paper examines the nature of interaction between stock market returns and their volatility, with a particular focus on the global financial crises in 1998 and 2008 for Australia, Singapore, the UK, and the US. This study applies multivariate generalised autoregressive conditional heteroskedasticity (MGARCH) model with dummy variables for weekly data spanning from January 1992 to June 2009. Based on the results obtained from the mean return equations, we could not find any significant impact on returns arising from 1998 and 2008 …
Financial Planning In Australia: Industry Or Profession?, Brian Murphy, Ted Watts
Financial Planning In Australia: Industry Or Profession?, Brian Murphy, Ted Watts
Faculty of Commerce - Papers (Archive)
Purpose - This paper tests whether financial planning in Australia remains an industry or can be considered a profession Design/Method/Approach - A set of attributes of professionalism were derived from the literature-public/societal responsibility, a systematic body of theory, professional authority and ethical responsibility - sample of 78 financial planners were asked to provide attitude statements relating to professionalism as well as demographic information of their business. Findings - Evidence from the attitude statements provide by the respondents to the attributes of professionalism failed to achieve a satisfactory level of professionalism for any attribute. Research limitations - The financial services operators …
Malmquist Indices Of Productivity Change In Botswana's Financial Institutions, Boitumelo Dudu Moffat, Abbas Valadkhani, Charles Harvie
Malmquist Indices Of Productivity Change In Botswana's Financial Institutions, Boitumelo Dudu Moffat, Abbas Valadkhani, Charles Harvie
Faculty of Commerce - Papers (Archive)
The productivity and efficiency of the financial sector is pivotal to the attainment of economic growth and development in developed and developing economies alike, and is of particular interest in the wake of financial sector reform and restructuring. This study applies the Malmquist productivity index to measure and decompose the total factor productivity change of ten financial institutions in Botswana in its post-reform era, covering the period 2001-2006, into a 'catching up' or efficiency change, and a 'frontier shift' or technological change. The robustness and sensitivity of the empirical results presented are assessed by comparing outcomes from different input and …
Does The Size And Quality Of The Government Explain The Size And Efficiency Of The Financial Sector?, Arusha V. Cooray
Does The Size And Quality Of The Government Explain The Size And Efficiency Of The Financial Sector?, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
This study examines the impact of two dimensions of thegovernment, namely, size and quality, on two dimensions of thefinancial sector, size and efficiency, in a cross section of 71economies. The study finds that while increased quality of thegovernment as measured by governance and legal origin positivelyinfluence both financial sector size and efficiency, that the size ofthe government proxied by government expenditure andgovernment ownership of banks, has a negative effect on financialsector efficiency, however, a positive impact on financial sector size,particularly in the low income economies.
Understanding The Global Financial Crisis, Eduardo Pol
Understanding The Global Financial Crisis, Eduardo Pol
Faculty of Commerce - Papers (Archive)
The financial meltdown 2007-08 was a vast and complex event that many analysts are still trying to decipher. The purpose of this paper is to impart an understanding of the global financial crisis with a sharp focus on informed conjectures. To this end, the paper first provides a picture in the large of the financial turmoil 2007-08, and then, singles out contributing factors to the crisis (such as sub-prime mortgages, excessive risk-taking and securitization) which taken in isolation could not possibly explain the collapse of the financial system. The main claims of this paper are the following two. First, no …
The Financial Sector And Economic Growth, Arusha V. Cooray
The Financial Sector And Economic Growth, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
The Mankiw-Romer-Weil (1992) augmented Solow-Swan (Solow 1956; Swan 1956) model is extended to incorporate the financial sector in this study. Distinguishing between financial capital, physical capital and human capital, the research attempts to identify, in particular, the effects of financial capital on economic growth. The effects of financial sector efficiency on economic growth are also examined. The financial sector augmented model is tested on a cross-section of 35 economies. Strong support is found for the model.