Business Commons^™

Lean Six Sigma And The Australian Business Excellence Framework: An Exploratory Case Within Local Government, Oriana Price, Matthew P. Pepper, Matthew Stewart

Faculty of Business - Papers (Archive)

Purpose The purpose of this paper is to examine a contextualized local government case study of the application of Lean Six Sigma (LSS) in conjunction with the Australian Business Excellence Framework (ABEF) to highlight the importance of a good strategic fit between LSS and organizational objectives before implementation.

Design/methodology/approach A local government council is used in a case study-based approach. Organizational artefacts and documents were used for data collection in conjunction with interviews from senior executives within the organization.

Findings Results indicate that when used in conjunction with the ABEF, LSS provides focus on organizational learning practices embedded within the …

Disclosing Volunteers As 'Human Capital': Analysing Annual Reports Of Australian Emergency Services Organisations, Yoke J. Berry, Michael L. Jones

Faculty of Business - Papers (Archive)

Annual reports of 11 volunteer-based emergency services organisations were analysed to determine how volunteers are valued in terms of human capital. A simple method was designed to enable comparison between agencies on nine categories of human capital being volunteer numbers, gender, age, length of service, diversity (three types), training and awards. The results were compared to the disclosure of the same categories pertaining to paid staff. Results showed that narratives of annual reports gave recognition and praise to volunteers but human resources sections reported primarily on paid staff. Data on volunteer numbers and diversity are poorly reported in many annual …

Progressive Australian Views Will Win Out Over Parochial Foreign Policy White Paper, George Mickhail

Faculty of Business - Papers (Archive)

No doubt, Australia's parochial anxieties about China in its recent Foreign Policy White Paper stem from a Eurocentric establishment with entrenched "Cold-War" era views about international relations and fantasies about preserving a bygone legacy of Anglo-American hegemony.

Corporate Governance And Stock Liquidity Dimensions: Panel Evidence From Pure Order-Driven Australian Market, Searat Ali, Benjamin Liu, Jen Je Su

Faculty of Business - Papers (Archive)

Our newly constructed index of corporate governance quality (CGQ) provides comprehensive and robust evidence for the association between CGQ and stock liquidity in the pure order-driven Australia market. By using a large sample of 1207 firms from 2001 to 2013, we find a significant positive relationship between CGQ and stock liquidity, suggesting that better governed firms have greatly improved stock liquidity. Specifically, we find that better governed firms have a lower trading cost, smaller price impacts of trade, and higher trading speed. Moreover, the empirical results reveal that CGQ improves stock liquidity because it is associated with higher information disclosure.

Insiders' Profits In The Australian Equities Market, Henk Berkman, Reza Bradrania, Tina Prodromou, P Westerholm

Faculty of Business - Papers (Archive)

In this paper we investigate if directors of Australian companies earn persistent profits on their reported trades, if these abnormal profits are significant enough to be mimicked by outsiders, and if these insider trades have an effect on returns of other investors. We find that insiders take advantage of their private information in stocks of larger corporations, but generally do not in medium and small capitalization firms, indicating that they insiders are attracted to the liquidity and a greater presence of uninformed traders in large stocks. Insiders appear able to determine the value of their information in by trading larger …

Islamic Finance Finally Has A Place In The Australian Economy, George Mickhail

Faculty of Business - Papers (Archive)

In its executive summary, the board makes it very clear at the outset that the review was conducted on the basis of “its understanding of common Islamic fi nance structures, and that nothing in the report should be taken to suggest that a particular product or case study described is compliant with Shariah law”.

(Dis)Engaging With Sustainability: Evidence From An Australian Business Faculty, Maria Cadiz Dyball, Andy Wang, Sue Wright

Faculty of Business - Papers (Archive)

Purpose - The purpose of this paper is to explore how the lack of staff engagement with a university's strategy on sustainability could be an enabling lever for organisational change. It examines the attitudes and views of employees of a business faculty at an Australian metropolitan university as it attempts to adopt a holistic approach to sustainability. Design/methodology/approach - The paper opted for a case study using data from an on-line survey, semi-directed interviews with key management personnel and archival material. Responses were analysed using Piderit's (2000) notion of ambivalence. Findings - The paper provides empirical insights into why staff …

Is Islamic Finance Important To The Australian Economy?, George Mickhail

Faculty of Business - Papers (Archive)

On the 31st July 2015, and according to fi gures published by the World Federation of Exchanges, the size of the Australian domestic equity market capitalization (companies admitt ed to listing only) was US$1.23 trillion, which is 1.96% of the global domestic equity market capitalization of US$62.8 trillion. On the other hand, the global Islamic fi nance industry assets in 28 diff erent jurisdictions were estimated to be worth US$1.85 trillion or 2.95% of the global domestic market capitalization.

The Australian Retirement Lottery: A System Failure, Amandha Ganegoda, John Evans

Sydney Business School - Papers

The purpose of this paper is to assess the adequacy of the Australian retirement system to fund the needs of retirees by taking into account both the Knightian risk arising from market volatility under normal market conditions as well as the Knightian uncertainty arising from rare but severe market shocks. We have also taken into account changes in employment during the pre-retirement phase. Given the low frequency, high impact of market shocks, the result is that cohorts of Australian retirees will enjoy very different levels of retirement income and there will be consequent shocks to the demand for the Age …

Fleeting Orders And Dynamic Trading Strategies: Evidence From The Australian Security Stock Exchange (Asx), Tina Prodromou, Joakim Westerholm, Hui Zheng, Dionigi Gerace

Faculty of Business - Papers (Archive)

This study examines the behaviour of fleeting orders before and after two structural changes at the Australian Securities Exchange (ASX); the removal of broker IDs from the public limit order book and a change in the price structure of exchange fees. Following Hasbrouck and Saar (2009), fleeting orders are defined as orders that are revised or cancelled within two seconds. Firstly, this study confirms that fleeting limit order revisions exhibit similar properties to liquidity-demanding orders. Secondly, after the removal of broker IDs on the market, traders start to aggressively chase the market price. Thirdly, after the price structure changes, traders …

The Relationship Between Responsible Leadership And Organisational Commitment With The Mediating Effect Of Turnover Intentions: An Empirical Study With Australian Employees, Md Amlan Haque, Mario Fernando, Peter Caputi

Faculty of Business - Papers (Archive)

The purpose of this paper is to report the findings of an Australian study testing the relationship between responsible leadership and organizational commitment. We further test and report the mediating effect of turnover intentions of employees.

A Comparison Of Theory And Practice In Market Intelligence Gathering For Australian Micro-Businesses And Smes, Pauline Ross, Carol Mcgowan, Lee Styger

Lee Styger

Recent government sponsored research has demonstrated that there is a gap between the theory and practice of market intelligence gathering within the Australian micro, small and medium businesses (SMEs). Typically, there is a significant amount of information in literature about "what needs to be done", however, there is little insight in terms of how market intelligence gathering should occur. This paper provides a novel insight and a comparison between the theory and practices of market intelligence gathering of micro-business and SMEs in Australia and demonstrates an anomoly in so far as typically the literature does not match what actually occurs …

Rationalism's Irrationality - An Example From Australian Mental Health Policy, Ciorstan J. Smark

Ciorstan Smark

This article reflects on the way in which accounting-related thinking influenced one particular historical event: the process of deinstitutionalisation from mental hospitals in New South Wales. The article suggests that accounting (via economic rationalism and other allied philosophical lenses ) led to the under funding of the deinstitutionalisation process to the detriment of society as a whole. Some of the societal difficulties inherent in using such rationalist calculus (biased towards quantified, monetary, accounting entity assumptions) as a means of evaluating social policies are then considered.

Employment Effects Of Army Service And Veterans' Compensation: Evidence From The Australian Vietnam-Era Conscription Lotteries, Peter Siminski

Peter Siminski

Exploiting Australia's National Service lotteries of 1965 to 1972, I estimate the effect of army service on employment outcomes. Population data from military personnel records, tax returns, veterans' compensation records, and the Census facilitate a rich and precise analysis, identified by 53,000 complying conscripts. The estimated employment effect is -12 percentage points (95% CI: -13, -11) overall, -37 for those who served in Vietnam and 0 for those who served only in Australia. It emerged in the 1990s, mirrored by veterans' disability pension effects. These results contrast with those for the United States, possibly reflecting employment disincentives associated with Australia's …

Australian School Funding And Accountability: History Imploding Into The Present, Kathleen M. Rudkin

Kathy Rudkin

This paper examines historical origins of accountability for public funding in the Australian school education system. Understandings of accountability have developed unique to the Australian context, embedding institutions and ideas from a colonial past. It is shown that the funding arrangements used to distribute and account for public education funds are political devices to mediate enduring historic relationships between government and non-government schools, while at the same time masking these relationships in the veiled rhetoric of a broader Australian cultural imperative of egalitarianism. It concludes the current funding and accountability of school education in Australia is a simulacrum of accountability. …

Development And Validation Of An Australian Video Speed Test (Avst), Jennifer Ann Algie, John R. Rossiter

John Rossiter

Anti-speeding educational campaigns (in television commercials, print ads, and outdoor ads, mostly) are constantly being tried but it is difficult to determine which ads are effective in reducing speed. A promising solution to this problem is to use a behavioural simulation such as the Video Speed Test, the VST (Horswill and McKenna, 1999). The driving simulation test involves getting drivers to view video excerpts of a person driving a vehicle in real driving situations. The drivers then are asked to estimate the speed that they would use in the same situations, that is, how many kilometres/hour slower or faster they …

Should The International Income Of An Australian Resident Be Taxed On A Worldwide Or Territorial Basis?, John Mclaren

John McLaren

Many countries impose income tax on the worldwide income of their residents or citizens. This is the case in Australia where 'Australian residents for tax purposes' must pay income tax on their worldwide income including statutory income such as capital gains and dividends. If the government of a country adopts a 'worldwide' basis for imposing income tax on its residents then the existence of tax havens and offshore financial centres becomes an important issue because income from passive investments may not be disclosed and subsequently taxed in Australia. The Australian Government has recently funded 'Operation Wickenby', in an attempt to …

Australian Online Public Information Systems: A User-Centred Study Of An Evolving Public Health Website, Helen Hasan, Joseph Meloche, Sumayya Banna

Helen Hasan

The strategic, transformational nature of many information systems projects is now widely understood. Large-scale implementations of systems are known to require significant management of organisational change in order to be successful. Moreover, projects are rarely executed in isolation - most organisations have a large programme of projects being implemented at any one time. However, project and value management methodologies provide ad hoc definitions of the relationship between a project and its environment. This limits the ability of an organisation to manage the larger dynamics between projects and organisations, over time, and between projects. The contribution of this paper, therefore, is …

Re-Organizing Australian Public Sector Work: Conditions For Innovating-In-Practice, Mary C. Johnsson, Oriana Price, Marie Manidis

Faculty of Business - Papers (Archive)

Public sector organizations continue to re-organize in response to reform imperatives but are they more innovative when they transform to market or customer orientations? This paper examines what we call innovating-in-practice in a hospital emergency department, a local government council and a corrections centre by analyzing how work organization dualities are negotiated using a practice theory lens. In public sector work, work dualities and tensions are often created when reform initiatives are introduced, requiring existing work practices to be challenged and changed. Our empirical illustrations expose the messiness and enmeshing of various practitioner interests, relations, materialities and purposes of practice …

Leaders As Team Coaches? Insights From An Australian Study, Julia Ahrens, Grace Mccarthy

Sydney Business School - Papers

We will draw on recent findings from a study with 580 managers in Australia on team coaching from a managerial perspective. Managers who coach their teams are seen as part of the team instead of being on a superior level. By using coaching skills, a more collaborative, trusting environment is created in which teams feel empowered and engaged, and deliver results. These positive outcomes can have a positive impact on team members, the manager and the whole organisation. The study also revealed potential shortcomings of the coaching approach e.g. the difficulty of balancing coaching with other leadership styles. Future studies …

Training For The Leader As Coach In The Australian Context, Julia Ahrens, Grace Mccarthy

Sydney Business School - Papers

This paper looks at how Australian managers perceive the training they receive from their organisations in order to meet increasing expectations that they coach their employees. 580 managers in Australian organisations provided information regarding their coaching training experiences, and that which they would ideally like to obtain, from their organisation. The level of coaching training varied widely from coaching-specific training to no preparation at all. Any training provided was generic coaching training. From our findings we see a distinct need for tailored and more detailed training opportunities for managers, a more structured and coordinated approach to within-organisation coaching initiatives.

Learning And Study Strategies Affecting The Performance Of Undergraduate Management Accounting Students In An Australian University, Anura De Zoysa, Palli Mulla K A Chandrakumara, Kathleen Rudkin

Faculty of Business - Papers (Archive)

This study examines the relationship between the academic performance of second year management accounting students at an Australian 'red brick' university and the respective individual learning and study strategies adopted by them in their studies of management accounting. A sample size of one hundred and eighteen valid responses comprises the data for this study. The respondents completed the Learning and Study Strategies Inventory (LASSI). The results demonstrate that learning and study strategies of low and high performing groups differed significantly in six out of ten aspects that were examined, namely: anxiety; attitude; information processing; motivation; the ability to select main …

Dynamic Forecasts Of Financial Distress Of Australian Firms, Maria Kim, Graham Partington

Faculty of Business - Papers (Archive)

Dynamic forecasts of financial distress have received far less attention than static forecasts, particularly in Australia. This study, therefore, investigates dynamic probability forecasts for Australian firms. Novel features of the modelling are the use of time-varying variables in forecasts from a Cox model. Not only is this one of relatively few studies to apply dynamic variables in forecasting financial distress, but to the authors' knowledge it is the first to provide forecasts of survival probabilities using the Cox model with time-varying variables. Forecast accuracy is evaluated using receiver operating characteristics curves and the Brier Score. It was found that the …

Does A Gender Disparity Exist In Academic Rank? Evidence From An Australian University, Arusha Cooray, Reetu Verma, Lynne Wright

Faculty of Business - Papers (Archive)

Employing a unique administrative data set on academics from the University of Wollongong (UOW), we investigate if women are under-represented in academic rank, taking into account information on personal characteristics, job characteristics, education and productivity. The results suggest that males have a significant advantage in rank attainment. The possession of a PhD, the number of years of experience and the number of journal articles, books, book chapters, competitive grants and ERA A* ranked articles appear to be important for academic rank attainment. A Blinder-Oaxaca decomposition test indicates that both supply side and demand side factors play a role; however, there …

The Use Of Grounded Theory In Research: Knowledge Sharing In The Australian Film Industry, Michael Jones, Irit Alony

Faculty of Business - Papers (Archive)

Selecting the most appropriate research method is one of the most difficult problems facing a researcher. Grounded Theory is presented here as a method of choice as it is. This paper tracks a Grounded Theory research project undertaken to study the phenomena of collaboration and knowledge sharing in the Australian Film Industry. The detailed, rigorous, and systematic approach of the theory Grounded Theory also permits flexibility and freedom rendering Grounded Theory suitable for the investigation of complex multifaceted phenomena. Grounded Theory is also well equipped to explore socially related issues. This cha pter describes the techniques, utility, and ease of …

The Effect Of Chronic Pain On Life Satisfaction: Evidence From Australian Data, Paul Mcnamee, Silvia Mendolia

Faculty of Business - Papers (Archive)

Chronic pain is associated with significant costs to individuals directly affected by this condition, their families, the healthcare system, and the society as a whole. This paper investigates the relationship between chronic pain and life satisfaction using a sample of around 90,000 observations from the first ten waves of the Household, Income and Labour Dynamics of Australia Survey (HILDA), which is a representative survey of the Australian population that started in 2000. We estimate the negative impact on life satisfaction and examine the persistence of the effect over multiple years. Chronic pain is associated with poor health conditions, disability, decreased …

Institution Building And Variation In The Formation Of The Australian Wool Market, David Merrett, Simon Ville

Simon Ville

The relocation of the wool market from London to the major Australian port cities from the late nineteenth century required the formation of an institution to govern the auction business, namely the wool brokers' association. Regional variations, among Sydney, Melbourne, and Brisbane, occurred in the structure and effectiveness of the institution despite each regional association having been formed around the same time, for the same purpose, and with an overlap of participating firms. We draw on institution theory to guide our account and find that the impact of legacy factors and differences in market conditions explain the regional variations.

The Australian Corporate Closet, Why It's Still So Full: A Review Of Incidence Rates For Sexual Orientation Discrimination Gender Identity Discrimination In The Workplace, Ian Smith, Lindsay G. Oades, Grace Mccarthy

Grace McCarthy

The paper reviews the extant Australian literature on sexual orientation (SO) discrimination within the Australian workplace. In the research, there is variation in organisational workplace and a bias towards health and educational sectors as a research setting, which raises some methodological considerations such as poor generalisability to other organisational contexts. The small body of Australian research into SO discrimination encompasses; (i) varied methodological and theoretical approaches, (ii) disparate authors selecting a varied range of aspects of discrimination thus absenting a unifying framework to guide research and lacking as yet seminal authorship providing focus, iii) limited sampling of participants making comparisons …

The Institutional Legacy And The Development Of An Australian National Innovation System, Simon Ville

Simon Ville

Institutions are the rules of the game that help to shape the long-term historical development of societies. They mediate human interaction and can be more or less formal (or tangible) in nature ranging from systems of government to common modes of behaviour. Most formal institutions can be distinguished as economic, social, political or cultural in nature although such distinctions are more difficult to make for informal institutions. What is certain is the pervasive impact of all types of institutions on a country’s multifaceted development. Thus, economic performance may be shaped as much by a nation’s legal system as by its …

Austrailian Professor, Cagri Kumru, Presents Research On Aging Populations, Usu Jon M. Huntsman School Of Business

Jon M. Huntsman School of Business News Collection

An assistant professor from Australian National University, Cagri Kumru, visited the Jon M. Huntsman School of Business for two weeks in January to collaborate on research about aging populations.