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Articles 1 - 30 of 46
Full-Text Articles in Business
Peas In A Pod: Canadian And Australian Banks Before And During A Global Financial Crisis, David Allen, Ray Boffey, Robert Powell
Peas In A Pod: Canadian And Australian Banks Before And During A Global Financial Crisis, David Allen, Ray Boffey, Robert Powell
Research outputs 2011
In the aftermath of the Global Financial Crisis (GFC), the Canadian and Australian banking systems have been singled out by some commentators as having performed better than many other banking systems, particularly those in Europe, America and the United Kingdom. Banks in both Canada and Australia, for instance, have continued to report enviable earnings, sound capital levels, and high credit ratings both before and during the GFC. The G-20 and the European Union have tried to identify the features of the Canadian and Australian financial systems which have underpinned this success in order to use them in shaping a revised …
Modeling Exchange Rate Exposure In The Japanese Industrial Sectors, P. Jayasinghe, A Tsui, Zhaoyong Zhang
Modeling Exchange Rate Exposure In The Japanese Industrial Sectors, P. Jayasinghe, A Tsui, Zhaoyong Zhang
Research outputs 2011
In recent years the volatility of exchange rate exposure and its associated risk have become a hot issue in international financial management. It is often assumed that a firm’s future operating cash flows is proxied by its market value, and the exposure coe fficient would be able to ef ficiently measure the impact of exchange rate changes on a firm’s return and its se nsitivity to the changes. Recen tly, some studies begin to investigate whether exchange rate exposure is asymmetric between currency appreciations and depreciations. By far most existing studies on exchange rate exposure assume that the variances of …
Innovative Transition Matrix Techniques For Measuring Extreme Risk: An Australian And U.S. Comparison, David Allen, Akhmad Kramadibrata, Robert Powell, Abhay Singh
Innovative Transition Matrix Techniques For Measuring Extreme Risk: An Australian And U.S. Comparison, David Allen, Akhmad Kramadibrata, Robert Powell, Abhay Singh
Research outputs 2011
Comparing Australia and the U.S. both prior to and during the Global Financial Crisis (GFC), using a dataset which includes more than six hundred companies, this paper modifies traditional transition matrix credit risk modelling to address two important issues. Firstly, extreme credit risk can have a devastating impact on financial institutions, economies and markets as highlighted by the GFC. It is therefore essential that extreme credit risk is accurately measured and understood. Transition matrix methodology, which measur es the probability of a borrower transitioning from one credit rating to another, is traditionally used to m easure Value at Risk (VaR), …
The Good Practice Principles: Silver Bullet Or Starter Gun?, Siri Barrett-Lennard, Katie Dunworth, Anne J. Harris
The Good Practice Principles: Silver Bullet Or Starter Gun?, Siri Barrett-Lennard, Katie Dunworth, Anne J. Harris
Research outputs 2011
The Good Practice Principles have provided the higher education sector with a framework for action in the area of academic language and learning (ALL); and the imprimatur of DEEWR has ensured that they have been nationally disseminated and are now widely recognised. Yet, while they have been nationally acknowledged as appropriate and desirable, the means by which they might be achieved is by no means certain. In order to realise these principles, ALL educators and colleagues in Australian institutions must grapple with major issues that arise chronologically over students’ academic careers. These issues include: how can we know whether students …
East Asian Financial Crisis Revisited: What Does A Copula Tell?, Pei Fei, Albert Tsui, Zhaoyong Zhang
East Asian Financial Crisis Revisited: What Does A Copula Tell?, Pei Fei, Albert Tsui, Zhaoyong Zhang
Research outputs 2011
We construct a regime-switching model of copulas to capture observed asymmetric dependence in daily changes of exchange rates in five selected East Asian economies during the 1997 financial crisis era. In particular, we investigate the effects of the financial crisis on asymmetric dependence in exchange rates returns and assess the asymmetric relationships between five currencies, including the Singapore Dollar, Japanese Yen, South Korea Won, Thailand Baht and Indonesia Rupiah. Various time-varying copula models will also be applied to examine the possible structural breaks. The results confirm significant changes at the dependence level, tail behaviour and asymmetry structures between returns of …
Getting Reticent Young Male Participants To Talk: Using Artefact-Mediated Interviews To Promote Discursive Interaction, Susanne T. Bahn, Llandis G. Barratt-Pugh
Getting Reticent Young Male Participants To Talk: Using Artefact-Mediated Interviews To Promote Discursive Interaction, Susanne T. Bahn, Llandis G. Barratt-Pugh
Research outputs 2011
During a pilot study that used interviews to collect data from young male apprentices about construction site safety, we were confronted with limited verbal responses. This article is about how we explored this research problem of ameliorating unresponsive interview interactions. The article reviews the options that previous researchers have trialled and developed, and specifically focuses on artefact-mediated interviews conducted with young male participants. We focus on the use of images within artefact-mediated interviews to draw out data from less communicative subjects. Our reflection upon this process proposes that the use of both abstract and concrete images within an artefact-mediated interview …
Relationships Between Quintessence And Strong Word Of Mouth Behaviour, Nathalie Collins, Hanna Glaebe, Jamie Murphy
Relationships Between Quintessence And Strong Word Of Mouth Behaviour, Nathalie Collins, Hanna Glaebe, Jamie Murphy
Research outputs 2011
Theory suggests that Quintessence (Q), an emotional/spiritual connection to a product, relates positively to Word of Mouth marketing (WOM). This paper investigates if consumers who experience Quintessence (Q+) share the same behavioural indicators as consumers who participate in strong Word of Mouth behavior (WOM+). Survey data from subscribers to an online entertainment service demonstrated that Q+ and WOM+ consumers shared similar characteristics, those who experienced Quintessence (Q+) spread significantly more WOM than those without Quintessence.
Keeping It Real: Applying 360 Degrees Of Authenticity, Nathalie Collins, Lynelle Watts, Jamie Murphy
Keeping It Real: Applying 360 Degrees Of Authenticity, Nathalie Collins, Lynelle Watts, Jamie Murphy
Research outputs 2011
Marketers tout authenticity as the new reality, a means by which consumers in markets of abundance determine value and, at times, prestige. Approaching consumption from a Service- Dominant perspective, where every product has a unique experiential component within which the consumer and producer co-create value, means authenticity is problematic. How can a marketer represent authentically the infinite possibilities of the experiential component of a product? This paper builds on emerging research and a qualitative example to explore the meaning and application of an authenticity framework: the 360 degree model of authenticity.
Kids, Toys And Fast Food: An Unhealthy Mix?, Claire Lambert, Richard Mizerski
Kids, Toys And Fast Food: An Unhealthy Mix?, Claire Lambert, Richard Mizerski
Research outputs 2011
Increasingly the fast food industry is scrutinised for marketing toy premiums towards young children. Toy premiums are claimed to lure young children to consume unhealthy meal offerings, pester parents, encourage materialism and ultimately lead to a rise in childhood obesity. Numerous studies have commented on the use of toy premiums as a marketing technique, but little research has been conducted on the actual effectiveness of toy premiums targeted to children on consumer purchase behaviour at the point of purchase. This study, investigates the use of a child targeted toy premium (Snoopy) by a fast food company (McDonald’s), and its effect …
A Systemic Model For Managing And Evaluating Conflicts In Organizational Change, Syed Arshad Raza, Craig Standing
A Systemic Model For Managing And Evaluating Conflicts In Organizational Change, Syed Arshad Raza, Craig Standing
Research outputs 2011
Change or innovation diffusion is a key issue for most business organizations but is yet difficult to implement as the change management process is often complex as it relies on an organized methodology to complement an organization's commitment and participation. An ambiguous environment surrounding change mechanism tends to develop unintended attitudes, resulting in resistance and conflict. The study proposes a model for the management of such conflicts among change participants (involved and affected) in the context of organizational change. The authors consider organizational change process as an innovation project that treats change and conflicts holistically with the Ulrich's notion of …
Lipstick: More Than A Fashion Trend, Madeleine Ogilvie, Maria Ryan
Lipstick: More Than A Fashion Trend, Madeleine Ogilvie, Maria Ryan
Research outputs 2011
This paper explores and discusses why women purchase and wear lipstick and the behaviours associated with its use. Design/methodology/approach: A study of 300 female lipstick users were interviewed using a semi structured questionnaire. Findings: The study indicated that women use lipstick in a significant way to transform and present themselves; using it to reflect their daily fluctuations in moods and identity. Although lipstick is a mainstream fashion discourse, Western Australian society (where the study was located) maintains strict codes of conduct in applying and using the product. Behaviours associated with lipstick use are steeped in ritual and cultural customs. Research …
Modeling Information Linkages In The Stock And Options Markets, K Ho, L Zheng, Zhaoyong Zhang
Modeling Information Linkages In The Stock And Options Markets, K Ho, L Zheng, Zhaoyong Zhang
Research outputs 2011
When markets are assumed to be complete, option trading should not contain new information for market participants, as options derive their prices from the underlying stocks. However, if markets are incomplete, then this unidirectional relationship may not be true, because informed traders may prefer to trade options instead of the underlying stocks for several reasons: one, option trading involves lower transaction costs and higher financial leverage; and two, investors who have private information about stock price volatility can only make their bet on volatility in the option market. Compared with the research on the relationship between options trading activity and …
Credit Risk Measurement Methodologies, David Allen, Robert Powell
Credit Risk Measurement Methodologies, David Allen, Robert Powell
Research outputs 2011
The significant problems experienced by banks during the Global Financial Crisis have highlighted the critical importance of measuring and providing for credit risk. This paper will examine four popular methods used in the measurement of credit risk and provide an analysis of the relative shortcomings and advantages of each method. The study includes external ratings approaches, financial statement analysis models, the Merton / KMV structural model, and the transition based models of CreditMetrics and CreditPortfolioView. Each model assesses different cr iteria, and an understanding of the merits and disadvantages of the various models can assist banks and other credit modellers …
Extreme Market Risk - An Extreme Value Theory Approach, David E. Allen, Abhay K. Singh, Robert J. Powell
Extreme Market Risk - An Extreme Value Theory Approach, David E. Allen, Abhay K. Singh, Robert J. Powell
Research outputs 2011
The phenomenon of the occurrence of rare yet extreme events, “Black Swans” in Taleb’s terminology, seems to be more apparent in financial markets around the globe. This means there is not only a need to design proper risk modelling techniques which can predict the probability of risky events in normal market conditions but also a requirement for tools which can assess the probabilities of rare financial events; like the recent Global Financial Crisis (2007-2008). An obvious candidate, when dealing with extreme financial events and the quantification of extreme market risk is Extreme Value Theory (EVT). This proves to be a …
Value At Risk Estimation Using Extreme Value Theory, Abhay K. Singh, David E. Allen, Robert J. Powell
Value At Risk Estimation Using Extreme Value Theory, Abhay K. Singh, David E. Allen, Robert J. Powell
Research outputs 2011
A common assumption in quantitative financial risk modelling is the distributional assumption of normality in the asset’s return series, which makes modelling easy but proves to be inefficient if the data exhibit extreme tails. When dealing with extreme financial events like the Global Financial Crisis of 2007-2008 while quantifying extreme market risk, Extreme Value Theory (EVT) proves to be a natural statistical modelling technique of interest. Extreme Value Theory provides well established statistical models for the computation of extreme risk measures like the Return Level, Value at Risk and Expected Shortfall. In this paper we apply Univariate Extreme Value Theory …
Using Photo-Elicitation To Explore Place Attachment In A Remote Setting, Joanna Tonge, Susan Moore, Maria Ryan, Lynnath Beckley
Using Photo-Elicitation To Explore Place Attachment In A Remote Setting, Joanna Tonge, Susan Moore, Maria Ryan, Lynnath Beckley
Research outputs 2011
People are often attracted to unique natural environments, but what makes them continually return to these locations, especially when considerable time and effort are required to get there? This paper discusses the methods and findings of a research project aimed at identifying and exploring how visitors develop an attachment to the remote Ningaloo Marine Park in north-western Australia. This Marine Park attracts a high percentage of repeat visitors (55%) and in order to determine the complex aspects contributing to this attachment, photo-elicitation was employed. Photo-elicitation is a qualitative technique where participants are asked to take photographs relating to the concept …
Self-Employment: Policy Panacea For An Ageing Population?, Kate Lewis, Elizabeth Walker
Self-Employment: Policy Panacea For An Ageing Population?, Kate Lewis, Elizabeth Walker
Research outputs 2011
Self employment or small business ownership is often thought to be a viable alternative to mainstream employment. This is particular the case for budding small business owners who have a new product or service that they want to take to market. Many of these individuals use their specific skills and competencies to go on to become the successful operators of global organisations. Yet the growth in business start-up by mature (yet operationally naïve) people belies the notion that small business owners require any specialised skill set at all. This paper posits some questions as to why that is the case, …
Informal Learning In The Workplace: A Review Of The Literature, Megan A. Le Clus
Informal Learning In The Workplace: A Review Of The Literature, Megan A. Le Clus
Research outputs 2011
In the last few decades, the workplace has been increasingly recognised as a legitimate environment for learning new skills and knowledge, which in turn enables workers to participate more effectively in ever-changing work environments. Within theworkplace, there is the potential for continuous learning to occur not only through formal learning initiatives that are associated with training, but also through informal learning opportunities that are embedded within everyday work activities. This paper surveys the growing body of literature on informal learning, makes some critical observations about the importance of informal learning, and explains the various ways that informal learning can occur …
Building The Base For Cross National Comparisons Of Ethnic Entrepreneurship: Understanding Polish Entrepreneurs In Western Australia, Natalia Vershinina, Rowena Barrett
Building The Base For Cross National Comparisons Of Ethnic Entrepreneurship: Understanding Polish Entrepreneurs In Western Australia, Natalia Vershinina, Rowena Barrett
Research outputs 2011
Objectives: The paper accounts for the nature of Polish entrepreneurial activity in Western Australia. First, it examines it through the deployment of Bourdieu’s ‘forms of capital’ model (1983) used in explaining the entrepreneurial activity of Polish immigrants. By adopting a case study approach informed by the principal of ‘maximum variation’, the paper highlights considerable diversity within a small but significant ethnic community in Western Australia. Prior work: This paper is informed by literature dealing with forms of capital to explain ethnic entrepreneurship which points to the role of social, human, financial and cultural resources employed by migrants in their entrepreneurial …
A Pre & Post Analysis Of The Impact Of Carbon Regulation & Ratification Of The Kyoto Protocol: An Australian Perspective, Maya Purushothaman, Ross Taplin
A Pre & Post Analysis Of The Impact Of Carbon Regulation & Ratification Of The Kyoto Protocol: An Australian Perspective, Maya Purushothaman, Ross Taplin
Research outputs 2011
This study examines emission and energy disclosures of 400 randomly selected Australian listed companies in 2005, 2007 and 2009 using a disclosure index derived from the Global Reporting Initiative. The longitudinal nature of this study provides a more comprehensive view of the online emissions and energy disclosures of Australian companies and highlights the impact of the ratification of the Kyoto Protocol and the introduction of carbon regulations, National Greenhouse and Energy Reporting (NGER) and Energy Efficiency Opportunities (EEO).The results were compared between the two periods, it was noted that rate of increase was lower during the latter (2007 to 2009) …
Uncovering Hidden Meanings, Values And Insights Through Photos [Journal Article], Maria Ryan, Madeleine Ogilvie
Uncovering Hidden Meanings, Values And Insights Through Photos [Journal Article], Maria Ryan, Madeleine Ogilvie
Research outputs 2011
Photographs have been used as a means of data capture for many years. Their use in recording observable phenomenon in anthropology is well documented. They also provide a valuable tool for researchers from other disciplines. This paper explores the use of photographs in qualitative business research. It demonstrates how the use of photographs can enrich the business research process through a range of techniques such as photo-elicitation, autodriving, projective prompts and phenomenological interviews. Drawing from a selection of the researchers‟ past studies, a comparative review of the use of photographs and the benefits they bring to the data capture process …
Student Enfranchisement In Business Undergraduate Studies, Gary Marchioro, Maria Ryan, Helen Cripps
Student Enfranchisement In Business Undergraduate Studies, Gary Marchioro, Maria Ryan, Helen Cripps
Research outputs 2011
Aligning business undergraduate programs with industry skill and work requirements is reshaping higher education. This approach is now an acknowledged and strategic initiative to react to business demands in the education sphere. The framework for learning generic skills has been well developed and documented in reference to employer groups and articulated through many university programs. However, the development, monitoring and evaluation of the uptake of these skills using student views are not well documented. This paper presents university students’ perceptions of their personal generic skills capabilities. The literature addresses the need for these skills to be inclusive of personal attributes …
Measuring Real Capital Adequacy In Extreme Economic Conditions: An Examination Of Swiss Banking Sector, David E. Allen, Robert Powell
Measuring Real Capital Adequacy In Extreme Economic Conditions: An Examination Of Swiss Banking Sector, David E. Allen, Robert Powell
Research outputs 2011
The global financial crisis (GFC) has placed the creditworthiness of banks under intense scrutiny. In particular, capital adequacy has been called into question. Current capital requirements make no allowance for capital erosion caused by movements in the market value of assets. This paper examines default probabilities of Swiss banks under extreme conditions using structural modeling techniques. Conditional Value at Risk (CVaR) and Conditional Probability of Default (CPD) techniques are used to measure capital erosion. Significant increase in Probability of Default (PD) is found during the GFC period. The market asset value based approach indicates a much higher PD than external …
Psychological Contracts And Loyal Boosterism: Giving Dance Training Institutions A Lift Through Word Of Mouth Promotion, Alicia Stanway
Psychological Contracts And Loyal Boosterism: Giving Dance Training Institutions A Lift Through Word Of Mouth Promotion, Alicia Stanway
Research outputs 2011
As the dance industry in Australia is well connected with industry networks, the value of word of mouth promotion and peer recommendation (operationalised as loyal boosterism) is paramount; however empirical evidence of this notion is relatively unexplored. This paper explores the relationship between relational psychological contracts, perceptions of psychological contract breach and loyal boosterism in the context of the dance training industry. The findings indicate that dancer’s who report higher relational contracts with their training organisation and experience lower levels of perceived contract breach, are more likely to engage in loyal boosterism behaviour. These findings highlight those relational contracts (containing …
Selling Sin: How Culture Influences The Sale Of Firearm Suppressors In Australia And New Zealand, Martin Maccarthy, Martin O'Neill, Helen Cripps
Selling Sin: How Culture Influences The Sale Of Firearm Suppressors In Australia And New Zealand, Martin Maccarthy, Martin O'Neill, Helen Cripps
Research outputs 2011
This paper is a summary of a 2011 academic study commissioned by the New South Wales Government (Game Council) investigating the possible legalizing of firearm sound moderators for hunting and shooting. The study examined the pragmatic advantages and disadvantages of this product in the event it could be made available to the general public in Australia. A comparison between Australia and New Zealand vis-à-vis public access to sound moderators highlights not only the opposite ends of the continuum adopted by two similar countries, but also the arbitrary nature of how attitudes influence product acceptability and availability. Advantages of de-criminalisation in …
Modeling The Conditional Heteroscedasticity And Leverage Effect In The Chinese Stock Markets, Zhihui Yin, Albert Tsui, Zhaoyong Zhang
Modeling The Conditional Heteroscedasticity And Leverage Effect In The Chinese Stock Markets, Zhihui Yin, Albert Tsui, Zhaoyong Zhang
Research outputs 2011
The Chinese stock market has experienced an astonishing growth and unprecedented development since its inception in the early 1990s, emerged to be the world's second-largest by market value by the end of 2009. The Chinese stock market is also one of the most volatile markets, which has been called by many observers a “casino”. In the recent years there are several far-reaching events that have reshaped the Chinese stock markets. The most notable events include the “dot-com bubble” in 2000, China’s non-tradable shares reform in 2005 and the global financial crisis in 2008. It is noted that the “dot-com bubble” …
Modeling Time-Varying Currency Betas: New Evidence From The Selected Markets, P. Jayasinghe, A. Tsui, Zhaoyong Zhang
Modeling Time-Varying Currency Betas: New Evidence From The Selected Markets, P. Jayasinghe, A. Tsui, Zhaoyong Zhang
Research outputs 2011
In the past decade, studies of exchange rate exposure have mainly focused on three approaches. The first approach uses conventional methods such as sub-sampling, dummy variables, and overlapping moving window regression to capture exchange rate exposure. The second approach uses pre-specified determinants of exposure coefficients to analyze the time-variation of exchange rate exposure. For example, Allayannis (1997) suggests that currency beta is determined by export and import shares, and finds support for time-variation of exposure in some 4-digit level SIC industries. The third approach employs time-varying second moments to derive time-varying exchange rate exposure (see, for instance, Hunter, 2005; Lim, …
Modeling The Conditional Volatility Asymmetry Of Business Cycles In Four Oecd Countries: A Multivariate Garch Approach, K Ho, A Tsui, Zhaoyong Zhang
Modeling The Conditional Volatility Asymmetry Of Business Cycles In Four Oecd Countries: A Multivariate Garch Approach, K Ho, A Tsui, Zhaoyong Zhang
Research outputs 2011
There are many studies on the business cycle indicators in the past decades, but mostly focusing on the asymmetric and non-linear features of business cycles incorporated into the conditional mean equation rather than the conditional variance formulation. Recently, the hypothesis of volatility asymmetry in business cycle indicators has been re-examined by, for instance, Ho and Tsui (2003 and 2004) using univariate asymmetric power ARCH (APARCH) and EGARCH models. However, the main drawback of univariate GARCH analysis is that it fails to capture the co-movement of macroeconomic variables. These co-movement relationships are important issues emphasised by the business cycle researchers, yet …
Decision Making Regarding Employee Access To Training And Development In Medium-Sized Enterprises, Alan Coetzer, Janice Redmond, Jalleh Sharafizad
Decision Making Regarding Employee Access To Training And Development In Medium-Sized Enterprises, Alan Coetzer, Janice Redmond, Jalleh Sharafizad
Research outputs 2011
Employees in small and medium-sized enterprises (SMEs) form part of a ‘disadvantaged’ group within the workforce that receives less access to formal training and development than employees in large firms. The manager’s decisional role is critical when considering employee access to training and development. Unfortunately, there is scant research into factors affecting managers’ decisions regarding employee access to a requested development opportunity in SMEs. To address this research gap, semi-structured interviews incorporating critical incidents were conducted with a purposive sample of 12 managers of medium-sized enterprises based in Perth. We report key findings of the interviews and assess the effectiveness …
Survival Of The Fittest: Contagion As A Determinant Of Canadian And Australian Bank Risk, David E. Allen, Ray R. Boffey, Robert J. Powell
Survival Of The Fittest: Contagion As A Determinant Of Canadian And Australian Bank Risk, David E. Allen, Ray R. Boffey, Robert J. Powell
Research outputs 2011
The relative success of Australian and Canadian banks in weathering the Global Financial Crisis (GFC) has been noted by a number of commentators. Their earnings, capital levels and credit ratings have all been a source of envy for regulators of banks in Europe, America and the United Kingdom. The G-20 and the European Union have tried to identify the features of the Canadian and Australian financial systems which have underpinned this success in order to use them in shaping a revised international regulatory framework. Despite this perceived success, the impaired assets (also known as non-performing loans) of banks in both …