Business Commons^™

Three Good Reasons Not To Use Five And Seven Point Likert Items, Sara Dolnicar, Bettina Grun, Friedrich Leisch, John Rossiter

Faculty of Commerce - Papers (Archive)

One of the main sources of knowledge development in tourism has been survey research. Through surveys of tourists, surveys of the tourism industry and surveys of residents living in tourism destinations, our understanding of the positive and negative impact of tourism has increased and we are now better able to understand and respond to tourists’ needs. The underlying measure in survey research is the question respondents are asked. In the physical sciences measures are highly calibrated and objective. For example, a thermometer – if not faulty – will show the true temperature of a location at any given time. A …

Quick, Simple And Reliable: Forced Binary Survey Questions, Sara Dolnicar, Bettina Grün, Friedrich Leisch

Faculty of Commerce - Papers (Archive)

Consumers are increasingly saturated by market research which leads to decreasing response rates and an increased danger of response bias. Market researchers thus face the challenge of recruiting respondents, increasing response rates and reducing respondent fatigue by making questionnaires as short and pleasant as possible. One way of achieving this is to replace traditionally used ordinal multi-category answer formats (such as Likert scales) with forced binary scales. This proposition is only attractive if it indeed shortens the survey time while not compromising the quality of managerial insights from the data.

This study investigates these conditions. Results from a repeat-measurement design …

The Relation Of Intellectual Capital Disclosure Strategies And Market Value In Two Political Settings, Indra Abeysekera

Faculty of Commerce - Papers (Archive)

Purpose – The purpose of this paper is to investigate whether the political setting (civil war versus temporary truce) in a country has an influence on firms' current narrative, visual, and numerical intellectual capital disclosure being included in the current market value of equity. Design/methodology/approach – Using content analysis for data generation, this study identifies narrative, visual, and numerical intellectual capital disclosure in firms' annual reports. Financial data were obtained from firms' annual reports and the stock exchange. Fixed effect panel regression was conducted separately for the civil war period and temporary truce period. Findings – The paper finds that …

Bounded Rationality And The Emergence Of Simplicity Amidst Complexity, Cassey Lee

Faculty of Commerce - Papers (Archive)

The purpose of this essay is to explore the relationship between the simple and the complex in economics by anchoring our analysis on bounded rationality. Much of the conventional literature focuses on ‘un-bounded rationality’ of the rationality-as-consistency variety. Theorizing of bounded rationality tends to assume that the problem to be solved is independent of the nature of bounded rationality. Following the insights from the works of Herbert Simon and contributions from outside economics, both bounded rationality and the environment are inextricably linked. The boundaries between bounded rationality and its environment can shift. The form in which bounded rationality is found …

Infrastructure And Economic Development, Cassey Lee

Faculty of Commerce - Papers (Archive)

The importance of the infrastructure sector to the process of economic growth and development has long been recognized and understood by scholars and policymakers. Without adequate infrastructure, modern commerce characterized by production specialization and exchange across markets would grind to a halt. Economic globalization would not take place without the reduction in communication and transportation costs brought about by the progress achieved in the development of infrastructure within and across countries. Thus, any attempt at understanding Malaysia’s past experiences in economic development thus requires an analysis of the role that the infrastructure has played. The purpose of this chapter is …

Voluntary Relocation - An Exploration Of Australian Attitudes In The Context Of Drought, Recycled And Desalinated Water, Anna Hurlimann, Sara Dolnicar

Faculty of Commerce - Papers (Archive)

Throughout history settlements have been abandoned due to lack of water. Such a fate is of concern to public officials in settlements facing water scarcity – a condition which is anticipated to increase due to the impacts of climate change, and other factors including increasing per capita water use, and population growth. Key questions surround how to best adapt to these circumstances. A strategy little explored is relocation. This paper presents results from a qualitative study conducted in eight geographically diverse Australian locations. The willingness of individuals to relocate under three hypothetical water scenarios was investigated: (1) if the water …

Guiding The Use Of Grounded Theory In Doctoral Studies – An Example From The Australian Film Industry, Michael Jones, Irit Alony

Faculty of Commerce - Papers (Archive)

Selecting the most appropriate research method is one of the most difficult problems facing a doctoral researcher. Grounded Theory is presented here as a method of choice as it is detailed, rigorous, and systematic, yet it also permits flexibility and freedom. Grounded Theory offers many benefits to research in Information Systems as it is suitable for the investigation of complex multifaceted phenomena. It is also well equipped to explore socially related issues. Despite existing criticism, it is a rigorous and methodical research approach capable of broadening the perceptions of those in the research community. This paper provides detailed and practical …

The Effect Of Ownership Structure On Leverage Decision: New Evidence From Chinese Listed Firms, Qigui Liu, Gary Tian, Xiaoming Wang

Faculty of Commerce - Papers (Archive)

This paper examines the effect of state control and ownership structure on the leverage decision of firms listed in the Chinese stock market. Our results show that state-owned enterprises (SOEs) have higher leverage ratios than non-SOEs, and SOEs in regions with a poorer institutional environment have higher leverage ratios than SOEs in better regions. We also show that the largest shareholding (the percentage of shares held by the largest shareholder) in the SOEs has a negative relationship with the leverage ratio, while the largest shareholding in non-SOEs has a non-linear relationship with the short-term and long-term debt ratios. Finally, this …

Long-Run Mortality Effects Of Vietnam-Era Army Service: Evidence From Australia's Conscription Lotteries, Peter Siminski, Simon Ville

Faculty of Commerce - Papers (Archive)

We estimate the effect of Vietnam-era Army service on mortality, exploiting Australia's conscription lotteries for identification. We utilize population data on deaths during 1994-2007 and military personnel records. The estimates are identified by over 51,000 compliers induced to enlist in the Army. We find no statistically significant effects on mortality overall, nor for any cause of death. The estimated relative risk (RR) of death associated with Army service is 1.03 (95% CI: 0.92, 1.19). On the assumption that Army service affected mortality only for those who served in Vietnam, the estimated RR is 1.06 (95% CI: 0.81, 1.51).

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 all sorts of …

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. In privately controlled firms, …

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 centre. Firms took …

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 with …

Informal Flexibility? Issues For Accountants Working Part-Time In Small Firms, Mary Barrett, Glenda Strachan

Faculty of Commerce - Papers (Archive)

Formally sanctioned flexible working conditions are now common in Australian workplaces. While large organisations have policies for part-time work, career breaks, and leave options, research indicates employees may still suffer employment disadvantage if they use them (French and Sheridan 2010; Lyonette and Crompton 2008). This paper examines this issue for a lesser known population: professional and managerial employees in small accounting firms (<50 employees), particularly those working fewer than 35 hours per week and those who took career breaks. Results are drawn from a survey of all CPA Australia members working in small firms.

Unsurprisingly, given that women undertake more family and household work (ABS 2009; Burgess and Strachan 2005), more women than men worked part-time, and women had taken longer career breaks. Arrangements for part-time work and other flexible options …

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 sample period; the …

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.

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 …

Analysing Texts Used To Contribute To The Discharge Of Public Sector Financial Accountability, Graham D. Bowrey, Ciorstan J. Smark

Faculty of Commerce - Papers (Archive)

Purpose – This paper reviews and analyses the discourse recorded in the Hansard of the Australian Federal Parliament’s Senate Legislation Committees to determine if this parliamentary accountability process contributes to the (re)production of dominance and inequality in the public sector. Design/methodology/approach – This research is based on a relatively new approach termed critical investigative inquiry which, in this paper, is based on critical discourse analysis informed and supported by rudimentary content analysis and thematic analysis. Practical implications – This paper provides insights into the use of Senate Legislative Committees as an avenue for elites to exert dominance over those who …

Value Creation In Social Marketing For The Continued Use Of Wellness Services, Nadia Zainuddin

Faculty of Commerce - Papers (Archive)

In social marketing, in order to incentivise individuals into performing desired social behaviours, a value proposition is required (Dann, 2008; Kotler and Lee, 2008) as consumers often act out of self-interest (Rothschild, 1999). Value propositions offer relevant and timely incentives to encourage individuals to not only voluntarily perform these behaviours, but maintain these behaviours long-term. Much of the current research in value is focussed on a goods-oriented commercial marketing context, using an economic approach, which has resulted in a lack of investigation of value in a social marketing context from an experiential perspective (Holbrook, 1994), which this paper seeks to …

Implementing A Sustainability Balanced Scorecard 'Dashboard' Approach To Assess Organisational Legitimacy, Tairan (Kevin) Huang, Matthew P. Pepper, Graham D. Bowrey

Faculty of Commerce - Papers (Archive)

Purpose: The purpose of this paper is to identify and determine the contributing factors which influence the contents of a firm‟s sustainability reporting through combined social and environmental accounting and management perspectives.

Design/methodology/approach: This paper analyzes the disclosed sustainability indicators of a major Australian financial institution, Westpac, through the application of the research method content analysis. The theoretical framework will be shaped by the consideration of legitimacy theory and the Balanced Scorecard approach.

Findings: The results indicate that the four perspectives of a traditional Balanced Scorecard are related to the main sources of influential inputs to Westpac‟s …

Civil War, Stock Return, And Intellectual Capital Disclosure In Sri Lanka, Indra Abeysekera

Faculty of Commerce - Papers (Archive)

This study examines the effect of current-period intellectual capital disclosure on earnings and current annual stock return during a civil-war period. Using the top 30 firms by market capitalization listed on Colombo Stock Exchange over six years (from 1998 to 2003), this study finds that firms do not include the current-period intellectual capital disclosure in the current stock return, and the increase in the current-period intellectual capital disclosure activity has no influence on earnings included in the current stock return. Future accounting-based earnings, if stated in the current period, by contrast are included in the current stock return. The findings …

Policy Instruments For Reducing Greenhouse Gas Emissions, Brian H. Andrew, Mary A. Kaidonis

Faculty of Commerce - Papers (Archive)

Benjamin Franklin once said that ‘In this world, nothing is certain but death and taxes’ and a significant body of the scientific literature including the IPCC have indicated that the climate change problem has become such a pressing issue that we now face a stark choice between the premature death of hundreds of millions of the people on this planet (from storm, flood, starvation, war or pestilence) and the use of taxation or other financial strategies to change the relative cost of carbon intensive sources of energy compared to the cost of ‘green’ sources of energy. A change in the …

The Implementation Of Authentic Activities For Learning: A Case Study In Finance Education, Mara K. Koplin, Chi Fun Freda Hui

Faculty of Commerce - Papers (Archive)

This paper seeks to demonstrate how assessment tasks set in a finance subject contribute to an authentic learning experience. Authentic learning has been shown to help connect students’ classroom learning to the outside world. Linking what students are learning in class to the real world enables them to better understand the problems to be faced when dealing with incomplete information, while also engaging them more fully. In this preliminary study we explore the attributes of an authentic learning experience. The assessment task requires each student to research the topics covered in class in relationship to a country that they have …

A Comparison Of Corporate Social Responsibility (Csr) Practiced With Employees In Chinese And Multinational Private Financial Intermediation And Accounting Companies In China, Zhengfeng Li, Shaun Powell, Alan Pomering

Faculty of Commerce - Papers (Archive)

Corporate Social Responsibility (CSR) has been introduced to the Chinese in the past decadethrough requirements to comply for example with Social Accountability 8000 (SA8000 is astandard of behavior deemed suitable to show respect for and accountability to society).Compliance has been required by buyers in western markets and by multinational companiesas they have entered the Chinese market. Still a clear concept of CSR is not yet widespreadamong Chinese corporations and employers. Problems raised by unethical behaviors ofcorporations continue to exist in China. As Klein (2002)1 once famously stated, it couldperhaps be argued that the entire western society has been influenced by …

Australia: The Challenge Of Father-Daughter Succession In Family Business: A Case Study From The Land Down Under, Mary Barrett, Ken Moores

Faculty of Commerce - Papers (Archive)

This chapter examines the case of an Australian woman, Roz, who succeeded her father as the CEO of a large fourth-generation family business, Hawkins Family Group, in the traditionally male-dominated transport industry. The case is described in three phases. First, we outline Australian culture how it influences business life, including the position of women in the Australian workforce especially as managers and entrepreneurs. We then describe the history of the Hawkins Family Group and how Roz eventually came to lead it. Finally, we return to aspects of Australian values and culture and other literature to draw conclusions about the case. …

The Aging Workforce: How Can Australian Universities Address Future Workforce Challenges?, Susan Loomes, Grace Mccarthy

Sydney Business School - Papers

Australia is facing major demographic challenges fueled by low workforce participation rates and the exit of the baby boomers from the workforce. Universities are likely to face the same workforce challenges. However, they may be in a better position than mainstream businesses due to the skills required, the flexibility of hours, and the nature and casualization of the workforce. This opens the door to attract retiring business professionals and aiding them to transition into academic teaching roles. For this non-traditional recruitment pathway to succeed, universities will need to ensure they have appropriate education and training pathways, mentoring along with peer …

Risk Within The Foundation Of Australian Supply : A Cross-Sectoral, Cross-Regional Perspective, Lee Styger Sydney Business School

Sydney Business School - Papers

Supplier capability and customer engagement trends have changed considerably in recent times. Once robust supply networks have been eroded and capacity reduced, OEM engagement patterns have changed that now often preclude existing suppliers in favour of new, alternative suppliers. In 2010 and 2011 a series of supply focus groups and key interviews with customers indicated that OME’s have typically focused attention on Tier 1 and Tier 2 supplier and lost visibility of lower level suppliers, by outsourcing the management and responsibility of the lower level suppliers to their Tier 1 and Tier 2 suppliers. The outsourcing of management and responsibility …