Open Access. Powered by Scholars. Published by Universities.®
- Discipline
- Keyword
-
- Accounting (16)
- Accounting education (10)
- Accounting theory (5)
- Accountability (4)
- Accounting standards (4)
-
- Auditing (3)
- Sri Lanka (3)
- Accounting information systems (2)
- Accounting research (2)
- Corporate governance (2)
- Economic development and growth (2)
- Employment (2)
- Financial integration (2)
- Government (2)
- Habermas (2)
- History (2)
- International capital allocation (2)
- Management accounting (2)
- Professionalisation (2)
- Public sector (2)
- Qualified audit reports (2)
- Regulatory failure (2)
- Social responsibility (2)
- Taxation (2)
- Undergraduates (2)
- Women (2)
- goodwill. (1)
- residential property investment. (1)
- 'an ethic of care'. (1)
- 'generalized' versus 'concrete' others (1)
Articles 1 - 30 of 116
Full-Text Articles in Business
Responsible Financing?: The Equator Principles And Bank Disclosures, J. Andrew
Responsible Financing?: The Equator Principles And Bank Disclosures, J. Andrew
Faculty of Business - Accounting & Finance Working Papers
The purpose of this paper is to consider the impact of the Equator Principles on banking disclosures. The research explores whether signatory banks are disclosing information related to their obligations under the Equator Principles and discusses the types of disclosures being made publicly available. The research illustrates that banks are disclosing very little information to help users assess the impact the Equator Principles have had on these banks practices. It is also suggested that banks are reframing their identity through these principles, but it is still difficult to assess whether this is also transforming practice. There is little academic research …
Australian Commonwealth Public Sector Environmental Reporting In A New Public Managerialism Environment, G. Bowrey
Faculty of Business - Accounting & Finance Working Papers
The environmental impact of organisations operations on the environment has come under significantly increased public awareness, over the past two decades. Even so, most organisations in Australia are not required by regulation to report on the impact of their organisations on the environment. Some organisations have been voluntarily providing reports to varying degrees on their environmental performance and management, however the only legislated environmental reporting requirement for private sector organisations in Australia is to report breaches of environmental laws and licences in their annual reports (Section 299(1) Corporations Act 2001). In the public sector the situation is slightly different. The …
Corporate Social Responsibility Reporting Of Two Note-Issuing Banks In Hong Kong, F. Hui, G. Bowrey
Corporate Social Responsibility Reporting Of Two Note-Issuing Banks In Hong Kong, F. Hui, G. Bowrey
Faculty of Business - Accounting & Finance Working Papers
The environmental performance and management disclosure of organisations has over the past decade come under increased scrutiny due to a number of factors including, in particular, the impact organisations have had on the world’s environment and the corresponding rapid change in the world’s climate. These concerns have made organisations, including financial institutions, review the level of their environmental performance and management disclosures to demonstrate, amongst other objectives, their level of social responsibility. Financial institutions due to the nature of their business are not generally seen to contribute directly to the degradation of the environment however they do provide the funds …
Accumulation And Scarcity: An Accountability Safari, K. Rudkin, K. Cooper
Accumulation And Scarcity: An Accountability Safari, K. Rudkin, K. Cooper
Faculty of Business - Accounting & Finance Working Papers
Traditional notions of accountability and corporate governance derived from institutions of advanced capitalist states are argued to be inadequate for global gifting relationships, such as those exemplified in the Live 8 and G8 events of 2005. This paper demonstrates using a literature based analysis and critique, and that ideas of accountability have narrowed over time from a broader idea of stewardship for a community to accountability to the providers of capital. It is argued that this has lead to the inadequacy of accountability and corporate governance mechanisms for calling to account economic relationships between geographically remote donor recipient relationships between …
Value For Money? Neoliberalism And New South Wales Prisons, J. Andrew, D. Cahill
Value For Money? Neoliberalism And New South Wales Prisons, J. Andrew, D. Cahill
Faculty of Business - Accounting & Finance Working Papers
The NSW prison sector has undergone considerable reform over the last ten years. The NSW government now oversee the operation of publicly managed prisons, one privately managed prison and a number of new public prisons operating under the new ‘Way Forward’ management model. In order to establish which approach to prison management offered the best value for money, the NSW government undertook a ‘value for money’ assessment in 2005. In this paper, we argue the cost accounting information used in the assessment process was limited and partial, and provided a poor basis on which to form policy. Even so, the …
Accounting In The Global Environment, M. Gaffikin
Accounting In The Global Environment, M. Gaffikin
Faculty of Business - Accounting & Finance Working Papers
Internationalisation has been an important consideration for business practice for some time. Accounting has attempted to facilitate this through the creation of an international regulatory framework. Notions of internationalization have now been superseded by that of globalisation. However, there have been resistances and their impact on accounting are discussed
Accounting Theory And Practice: The Ethical Dimension, M. Gaffikin
Accounting Theory And Practice: The Ethical Dimension, M. Gaffikin
Faculty of Business - Accounting & Finance Working Papers
It has often been suggested by some that the expression business ethics is an oxymoron – it employs contradictory terms because business seeks to optimise or maximise gains from its operations while ethics implies a very different basis for business practices. However, although the more cynically minded would seriously subscribe to this view, there has been a very dramatic upturn in an interest in ethical considerations by business leaders and professional business organisations partly as a result of the demands of societies which have had to bear the cost of spectacular corporate collapses and the unscrupulous business activities of a …
A Primer On Islamic Finance: Definitions, Sources, Principles And Methods, A. H. Gait, A. C. Worthington
A Primer On Islamic Finance: Definitions, Sources, Principles And Methods, A. H. Gait, A. C. Worthington
Faculty of Business - Accounting & Finance Working Papers
Islamic finance is one of the most rapidly growing segments of the global financial system. However, despite the increasing importance of Islamic finance, particularly in developing economies in the Middle East and South-East Asia, religious and social complexity has acted against a fuller understanding by regulators, policymakers, researchers and practitioners. This paper provides a succinct and accessible analysis of the definition, sources, principles and methods of Islamic finance. This serves as a suitable starting point for further work into Islamic finance and many of the pressing regulatory, supervisory and competitive issues that remain as yet unaddressed.
Northerners Counting Black Elephants: On Safari With Live 8 And G 8, K. Rudkin, K. Cooper
Northerners Counting Black Elephants: On Safari With Live 8 And G 8, K. Rudkin, K. Cooper
Faculty of Business - Accounting & Finance Working Papers
Purpose – To demonstrate the inadequacy of traditional concepts of accountability and corporate governance for global gifting relationships, as exemplified in the Live 8 and G 8 events. An alternative construct of value in exchange is proposed. Design / Methodology / Approach – A discussion paper using a literature based analysis and critique. Findings – Accounting avoids social responsibility by denying culturally determined legitimate meanings of value other than those constructed from an economic perspective. New accountability and corporate governance mechanisms are needed for donor/recipient relationships. Research limitatations / Implications – The arguments advanced should be further explored in alternate …
Accounting By Women: Fear, Favour And The Path To Professional Recognition For Australian Women Accountants, K. Cooper
Faculty of Business - Accounting & Finance Working Papers
This paper traces the campaign by women in Australia to gain admission to accounting bodies. The opposition to female membership of accounting bodies is set within the context of views of the abilities and place of women at the time. In general, women had neither the nature nor the intelligence for the commercial world. Even if women were mentally equipped for commercial work, this was contrary to nature because women should be companions to men not competitors. However, two crises saw the beginning of the acceptance of women as members of accounting bodies. One such crisis was the monetary impact …
An Empirical Survey Of Individual Consumer, Business Firm And Financial Institution Attitudes Towards Islamic Methods, A. H. Gait, A. C. Worthington
An Empirical Survey Of Individual Consumer, Business Firm And Financial Institution Attitudes Towards Islamic Methods, A. H. Gait, A. C. Worthington
Faculty of Business - Accounting & Finance Working Papers
Islamic finance – financial institutions, products and services designed to comply with the central tenets of Sharia (Islamic law) – is one of the most rapidly growing segments in global financial services. However, despite its growing importance, it is only relatively recently that attempts have been made to evaluate the attitudes, perceptions and knowledge of current and potential consumers and providers of Islamic financial products and services. This article provides a synoptic survey of the comparatively few empirical analyses of attitudes, perceptions and knowledge of Islamic finance. Individual consumer, business firm and financial institution attitudes to Islamic finance are examined …
Evidence Of Financial Integration In Asia: An Empirical Application Of Panel Unit Root Tests And Multivariate Cointegration And Causality Procedures, A. C. Worthington, H. Higgs
Evidence Of Financial Integration In Asia: An Empirical Application Of Panel Unit Root Tests And Multivariate Cointegration And Causality Procedures, A. C. Worthington, H. Higgs
Faculty of Business - Accounting & Finance Working Papers
This paper measures the extent of financial integration and interdependence among Asian equity markets over the period January 1993 to June 2006 using daily data. The analysis includes three developed markets (Hong Kong, Japan and Singapore) and eight emerging markets (China, India, Indonesia, Korea, Malaysia, the Philippines, Taiwan and Thailand). The study uses panel unit root tests to test for non-stationarity, and conducts multivariate cointegration, Granger causality and level VAR procedures and variance decomposition are conducted to examine the equilibrium and causal relationships between these markets. The results indicate that there is a stationary long-run equilibrium relationship among, and significant …
Assessing Financial Integration In European Union Equity Markets, 1990-2006: Panel Unit Root And Multivariate Cointegration And Causality Evidence, A. C. Worthington, H. Higgs
Assessing Financial Integration In European Union Equity Markets, 1990-2006: Panel Unit Root And Multivariate Cointegration And Causality Evidence, A. C. Worthington, H. Higgs
Faculty of Business - Accounting & Finance Working Papers
This paper measures financial integration among selected European Union equity markets over the period July 1990 to June 2006 using daily data. Eleven markets (Austria, Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Netherlands, Spain and the United Kingdom) are included in the analysis. Panel unit root tests are used to test for non-stationarity, and multivariate cointegration, Granger causality and level VAR procedures and variance decompositions are conducted to examine the equilibrium and causal relationships among these markets. The results indicate that there is a stationary long-run equilibrium relationship among, and significant and substantial short and long-run causal linkages between, these …
Modelling The Usage And Understanding Of Financial Products: An Empirical Analysis Of Australian Owner-Occupied And Investor Mortgages, A. C. Worthington
Modelling The Usage And Understanding Of Financial Products: An Empirical Analysis Of Australian Owner-Occupied And Investor Mortgages, A. C. Worthington
Faculty of Business - Accounting & Finance Working Papers
Binary logit models are used to predict usage and understanding of owner-occupied and investor mortgages on the basis of demographic, socioeconomic and financial characteristics. The data is drawn from the 2003 ANZ Survey of Adult Financial Literacy in Australia and relates to 3,548 respondents. Factors examined include financial literacy, gender, age, ethnicity, occupation, educational level and family structure, along with household income, savings and debt. Understanding is defined in terms of knowledge of mortgage rates, fees and charges and familiarity with key mortgage terms. The results indicate that being middle-aged or a couple with children increases the likelihood of an …
Whether The Weather: A Comprehensive Assessment Of Climate Effects In The Australian Stock Market, A. C. Worthington
Whether The Weather: A Comprehensive Assessment Of Climate Effects In The Australian Stock Market, A. C. Worthington
Faculty of Business - Accounting & Finance Working Papers
The paper examines the impact of weather-related moods and feelings on the Australian stock market over the period 1958 to 2005. Eleven daily weather elements (precipitation, evaporation, relative humidity, maximum and minimum temperature, average daytime temperature, hours of bright sunshine, and the speed and direction of the maximum wind gust and the average daytime wind) are included in the analysis, along with daily nominal and real market returns. Non-parametric correlation analysis and autoregressive moving average (ARMA) models are employed, supplying strong evidence of sustained inertia and overreaction in market returns, and non-normally distributed, highly interrelated, but stationary, weather conditions. But …
Mary Addison Hamilton, Australia’S First Lady Of Numbers, K. Cooper, A Kurtovic
Mary Addison Hamilton, Australia’S First Lady Of Numbers, K. Cooper, A Kurtovic
Faculty of Business - Accounting & Finance Working Papers
In the early 20th century, the restriction of women entering the accounting as well as other professions was common, yet Australia’s first lady of numbers, Mary Addison Hamilton (Addie) has also been Australia’s forgotten pioneer. Addie became the first woman admitted to membership of a recognised professional accounting body in the British Commonwealth during a time when women’s admission to the accounting arena was strongly discouraged. This paper will attempt to explain why it is that Addie’s outstanding achievement has gone unnoticed by the modern day accounting profession rating no mention in Australian accounting history literature. Was it a case …
The Critique Of Accounting Theory, M. Gaffikin
The Critique Of Accounting Theory, M. Gaffikin
Faculty of Business - Accounting & Finance Working Papers
In previous papers (Gaffikin 2005a, 2005b, 2005c, 2006) the discussion has examined accounting as a science, with attempts to employ a scientific methodology; as a purely technical expression of economic theory, heavily dominated by research in finance; and as part of “law”, albeit law (regulation) heavily influenced by dominant economic and political ideology. That discussion revealed that all these perspectives have suffered from severe shortcomings. Fortunately, there are other perspectives on accounting which may prove more fruitful and some of these will be discussed in this paper. A common element in many of these alternatives approaches is to view accounting …
Stochastic Price Modelling Of High Volatility, Mean-Reverting, Spike-Prone Commodities: The Australian Wholesale Electricity Market, H. Higgs, A. C. Worthington
Stochastic Price Modelling Of High Volatility, Mean-Reverting, Spike-Prone Commodities: The Australian Wholesale Electricity Market, H. Higgs, A. C. Worthington
Faculty of Business - Accounting & Finance Working Papers
It is commonly known that wholesale spot electricity markets exhibit high price volatility, strong mean-reversion and frequent extreme price spikes. This paper employs a basic stochastic model, a mean-reverting model and a regime-switching model to capture these features in the Australian national electricity market (NEM), comprising the interconnected markets of New South Wales, Queensland, South Australia and Victoria. Daily spot prices from 1 January 1999 to 31 December 2004 are employed. The results show that the regimeswitching model outperforms the basic stochastic and mean-reverting models. Electricity prices are also found to exhibit stronger mean-reversion after a price spike than in …
Efficiency In The Australian Stock Market, 1875-2006: A Note On Extreme Long-Run Random Walk Behaviour, A. C. Worthington, H. Higgs
Efficiency In The Australian Stock Market, 1875-2006: A Note On Extreme Long-Run Random Walk Behaviour, A. C. Worthington, H. Higgs
Faculty of Business - Accounting & Finance Working Papers
This note examines the weak-form market efficiency of the Australian stock market. Daily returns from 6 January 1958 to 12 April 2006 and monthly returns from February 1875 to December 2005 are examined for random walks using serial correlation coefficient and runs tests, Augmented Dickey-Fuller, Phillips-Perron and Kwiatkowski, Phillips, Schmidt and Shin unit root tests and multiple variance ratio tests. The serial correlation tests indicate inefficiency in daily returns and borderline efficiency in monthly returns, while the runs tests conclude that both series are weak-form inefficient. The unit root tests suggest weak-form inefficiency in both return series. The results of …
The Decline And Fall Of Seasonality In The Australian Stock Exchange, 1958-2005, A. C. Worthington
The Decline And Fall Of Seasonality In The Australian Stock Exchange, 1958-2005, A. C. Worthington
Faculty of Business - Accounting & Finance Working Papers
This paper examines calendar effects in Australian daily stock returns over the forty-seven years from 6 January 1958 to 30 December 2005. Three principal calendar effects – day-of-the-week, day-of-the-month and month-of-the-year – are examined separately and jointly using parametric tests of differences in means and variances and a regression-based approach. The results indicate that the Australian market is characterised by seasonality of all three forms, with Tuesday, December and the second day of the month among the most significant. However, there is also evidence of structural change in these relationships, with indications that the market has become more efficient in …
Political Cycles In The Australian Stock Market Since Federation, A. C. Worthington
Political Cycles In The Australian Stock Market Since Federation, A. C. Worthington
Faculty of Business - Accounting & Finance Working Papers
This paper examines the presence of a political cycle in Australian monthly stock returns from January 1901 to December 2005. The period selected includes fifty-nine Liberal-National (or their antecedents) and Labor ministries and forty-seven elections. The political cycle is defined in terms of the party or coalition in power, ministerial tenure and election information effects. The market variables are defined in terms of returns, excess returns over inflation and excess returns over interest rates. Descriptive analysis indicates that mean returns and excess returns over inflation are nearly 85 percent higher and excess returns over interest rates 193 percent higher under …
Macroeconomic Forces And Stock Prices: Some Empirical Evidence From An Emerging Stock Market, G. B. Wickremasinghe
Macroeconomic Forces And Stock Prices: Some Empirical Evidence From An Emerging Stock Market, G. B. Wickremasinghe
Faculty of Business - Accounting & Finance Working Papers
This paper examines the causal relationships among stock prices and macroeconomic variables in an emerging stock market, the Colombo Stock Exchange (CSE). We use data on six macroeconomic variables and All share Price Index (ASPI) of the CSE for the period January 1985 to December 2004. In the empirical analysis, we employed recently developed root tests that possess better power and size properties than widely-used Dickey-Fuller type unit root tests. Johansen's test, Error-correction models, variance decomposition and impulse response analyses indicate that there are both short and long-run causal relationships among stock prices and macroeconomic variables in Sri Lanka. These …
Political Cycles And Risk And Return In The Australian Stock Market, Menzies To Howard, A. C. Worthington
Political Cycles And Risk And Return In The Australian Stock Market, Menzies To Howard, A. C. Worthington
Faculty of Business - Accounting & Finance Working Papers
This paper examines the presence of a political cycle in Australian daily stock returns over the forty-seven years from 6 January 1958 to 30 December 2005. The period selected includes nineteen federal elections, twenty-five ministries and five terms of Liberal-National or Labor government. The political cycle is defined in terms of the party in power, the time since the last election and election information effects. The market variables are defined in terms of nominal and real returns and nominal and real return volatility. The results indicate returns are highest during the ministries of Holt-McEwen and Hawke and lowest during Whitlam …
Personal Bank Account Access And Awareness: An Analysis Of The Technological And Informational Constraints Of Australian Consumers, A. C. Worthington
Personal Bank Account Access And Awareness: An Analysis Of The Technological And Informational Constraints Of Australian Consumers, A. C. Worthington
Faculty of Business - Accounting & Finance Working Papers
Logit models are used to predict access and awareness of personal bank accounts. Access is defined as the ability and willingness to use ATM, EFTPOS, telephone and internet banking. Awareness relates to the nderstanding of bank statements, fee and charges, account shopping around and internet calculators. Newer ways of accessing bank accounts are confined to young, urban, well-educated, white-collar occupations. Awareness is lower for respondents with less education, non-workers, farm workers, unskilled and renting households, and higher for white-collar occupations, couples and those with higher incomes and savings.
Gold Investment As An Inflationary Hedge: Cointegration Evidence With Allowance For Endogenous Structural Breaks, A. C. Worthington, M. Pahlavani
Gold Investment As An Inflationary Hedge: Cointegration Evidence With Allowance For Endogenous Structural Breaks, A. C. Worthington, M. Pahlavani
Faculty of Business - Accounting & Finance Working Papers
This note tests for the presence of a stable long-run relationship between the monthly price of gold and inflation in the United States from 1945 to 2006 and from 1973 to 2006. Since both the price of gold and the consumer price index have been subject to structural change over time, a novel unit root testing procedure is employed which allows for the timing of significant breaks to be estimated, rather than assumed exogenous. After taking these endogenously determined structural breaks into account, a modified cointegration approach provides strong evidence of a cointegrating relationship between gold and inflation in both …
Profiling The Risk Attitudes Of Clients By Financial Advisors: The Effects Of Framing On Response Validity, M. Mccrae
Faculty of Business - Accounting & Finance Working Papers
The Australian Financial Services Reform Act (2001) now requires all registered financial planners to assess a client’s attitude towards investment risk as an integral part of establishing a ‘reasonable’ basis for investment advice to a client. However, the Act is silent on required procedures or acceptable minimum standards of risk assessment. Unfortunately, current methods for assessing a client’s attitudes towards investment risk are mostly informal, untested and ignore such behavioral biases as framing and other response anomalies. Unless controlled for, these anomalies can invert risk attitude responses and invalidate portfolio choices recommended to the client on the basis of this …
A Model Of Trust Between Branch Managers And Loan Officers Of Indian Banks, S. Bhati
A Model Of Trust Between Branch Managers And Loan Officers Of Indian Banks, S. Bhati
Faculty of Business - Accounting & Finance Working Papers
The lending climate for banks in India is very different from those in western countries. Banks in India undertake many additional risks when they lend to customers . Also, there are a number of impediments for banks in India for recovering their loans. Some of these impediments have been put in place due to the government policies. Others have been created due to lack of proper legal protection to banks. The instrument based quantitative methods have limitations in evaluating the lending risk for banks in India because instrument based methods use variables which cannot be accurately described and measured by …
Regulation: Standardising Accounting Practice, M. Gaffikin
Regulation: Standardising Accounting Practice, M. Gaffikin
Faculty of Business - Accounting & Finance Working Papers
This is the practical extension of a previous paper (Gaffikin, 2005) in which the actual attempts to regulate accounting are described and discussed. A most important element of this is the attempts to establish a conceptual framework by the professional bodies. In Australia much of the thrust for regulation has been captured by the law – CLERP. To date there has been an attempt to integrate professional and legal regulation of the discipline with considerable cooperation between those involved.
A Social Account Of Accounting Student Experience And Its Implications For Social Justice, K. Rudkin, A. De Zoysa
A Social Account Of Accounting Student Experience And Its Implications For Social Justice, K. Rudkin, A. De Zoysa
Faculty of Business - Accounting & Finance Working Papers
This paper responds to concern over the financial circumstances of tertiary students in Australia. A pilot study is undertaken of second year accounting students at an Australian regional university. Survey data and reflexive written comments combine to give a social report of student circumstances, contributing to the sparse accounting literature of social reports. It is concluded that many students are exploited in their employment, being paid below minimum wage rates, while many work two or more jobs to support their studies. The paper calls for a rethink on the societal view of education as a private good, and argues that …
Implications For Accounting Educators Of Student Socio-Economic Circumstances, A. De Zoysa, K. Rudkin
Implications For Accounting Educators Of Student Socio-Economic Circumstances, A. De Zoysa, K. Rudkin
Faculty of Business - Accounting & Finance Working Papers
This study investigates the relationship between students’ socio-economic circumstances and students’ academic performance in an undergraduate accounting degree at a regional Australian university. The employment patterns and course participation preferences of accounting students are documented to understand actions needed to better attract future quality accounting students. The pilot study encompassed a survey of one hundred third year accounting students. It found no direct significant relationship between students’ paid work and their academic performance. Significantly the study revealed a positive relationship between student shift work and academic performance. Other findings were that students displayed a preference for online materials as opposed …