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Full-Text Articles in Business
Comparative Critique Of The Performance Evaluation Methods In The Australian Energy Industry, Feng Li, George M. Mickhail
Comparative Critique Of The Performance Evaluation Methods In The Australian Energy Industry, Feng Li, George M. Mickhail
Faculty of Commerce - Papers (Archive)
The purpose of this study is to investigate the efficiency of business evaluation methods in the Australian energy industry during the periods from 1989 to 2007. The six commonly used business evaluation methods (CAPM, WACC, EVA, P/E ratio, DCF and MetaCapitalism) were selected and compared with the share price in the whole market, listed market and delisted market, to explore which valuation methods were better for evaluating business performance in the Australian energy sector over the long-term. An empirical analysis using linear regression, we find evidence that CAPM is a much better method for listed companies to measure the rate …
Do External Shocks Have A Permanent Or A Transitory Effect On Thailand's Tourism Industry?, Reetu Verma, Ali S. Saleh, Ranjith Ihalanayake
Do External Shocks Have A Permanent Or A Transitory Effect On Thailand's Tourism Industry?, Reetu Verma, Ali S. Saleh, Ranjith Ihalanayake
Faculty of Commerce - Papers (Archive)
Given the number and the frequency of external shocks encountered by Thailand in the last two decades, this study identifies the number and the location of the breaks and tests to determine whether the breaks have a transitory or a permanent effect on international tourist arrivals to Thailand for its top 10 source countries using both univariate and panel unit root tests with structural breaks. The findings suggest that break dates coincide with the Asian financial crisis, the September 11 attack, and the SARS and the bird flu outbreaks. The univariate unit root tests with structural breaks reject the null …
Embedding Professionally Relevant Learning In The Business Curriculum Through Industry Engagement, Michael Zanko, Theo Papadopoulos, Eveline Fallshaw, Tracy Taylor, Clare Woodley, Christine Armatas
Embedding Professionally Relevant Learning In The Business Curriculum Through Industry Engagement, Michael Zanko, Theo Papadopoulos, Eveline Fallshaw, Tracy Taylor, Clare Woodley, Christine Armatas
Faculty of Commerce - Papers (Archive)
This paper reports on preliminary findings from an ALTC funded project on how to build curriculathat meet the needs of business students and employers of business graduates. The project grew outof an Australian Business Deans Council Teaching and Learning Network scoping study whichidentified widespread concern among industry, academic and professional associations about the lackof engagement with real world problems by business graduates. In the paper we discuss the need forindustry engagement, define professionally relevant learning, and outline the study objectives andmethodology. We present a typology of industry engagement in the curriculum that emerged from ourfieldwork, and tools that business faculties …
The Efficacy Of Utilising Nvivo For Interview Data From The Electronic Gaming Industry In Two Jurisdictions, June Buchanan, Michael L. Jones
The Efficacy Of Utilising Nvivo For Interview Data From The Electronic Gaming Industry In Two Jurisdictions, June Buchanan, Michael L. Jones
Faculty of Commerce - Papers (Archive)
Quantitative methodologies have long utilised computer assisted software for data analysis. In more recent times, increasingly sophisticated computer assisted software has been developed to aid in the analysis of qualitative data. This paper discusses the use of one such computer assisted software analysis package – NVivo – in the analysis of interview data obtained from respondents in the Electronic Gaming Machine Industry across two jurisdictions, namely New South Wales, Australia and Nevada, USA . The efficacy of utilising qualitative methods for generating empirical data in social and societal marketing is acknowledged, particularly when very little, if any, primary data exists …
Enhancing Industry Association Theory: A Comparative Business History Contribution, James Reveley, Simon Ville
Enhancing Industry Association Theory: A Comparative Business History Contribution, James Reveley, Simon Ville
Faculty of Commerce - Papers (Archive)
Our comparative business historical examination of industry associations aims to enrich the under-theorized study of this distinctive type of meta-organization. We compare two New Zealand industry associations operating in the same supply chain but with differing degrees of associative capacity and types of external architecture. Our analysis of these associations builds on two strands of theory that rarely communicate with each other: New Institutional Economics (NIE) and Organizational–Institutional Theory (OIT). We demonstrate how NIE describes the structural potentialities for associational strength, while OIT addresses the relational context within associations. In turn, NIE’s examination of external influences reinforces OIT suggestions that …
In What Condition Is A Price Increase Perceived As Fair? An Empirical Investigation In The Cable Car Industry, Thomas Bieger, Isabelle Engeler, Christian Laesser
In What Condition Is A Price Increase Perceived As Fair? An Empirical Investigation In The Cable Car Industry, Thomas Bieger, Isabelle Engeler, Christian Laesser
Faculty of Commerce - Papers (Archive)
This paper investigates the concept of customers' perceived price fairness in the context of different price increase conditions. Several tourism service industries seem reluctant to systematically vary or occasionally rise prices, mostly because of potential negative consumer responses. Previous studies in behavioral pricing confirm that a price increase may be perceived as highly unfair and, with this, may lead to negative consequences for the firm. However, there is some evidence that not all price increase events are perceived equally and that consumers' fairness perception depends on the situational conditions of the respective price event. Drawing on the principle of dual …
Financial Planning In Australia: Industry Or Profession?, Brian Murphy, Ted Watts
Financial Planning In Australia: Industry Or Profession?, Brian Murphy, Ted Watts
Faculty of Commerce - Papers (Archive)
Purpose - This paper tests whether financial planning in Australia remains an industry or can be considered a profession Design/Method/Approach - A set of attributes of professionalism were derived from the literature-public/societal responsibility, a systematic body of theory, professional authority and ethical responsibility - sample of 78 financial planners were asked to provide attitude statements relating to professionalism as well as demographic information of their business. Findings - Evidence from the attitude statements provide by the respondents to the attributes of professionalism failed to achieve a satisfactory level of professionalism for any attribute. Research limitations - The financial services operators …
"Making Connections": Insights Into Relationship Marketing From The Australasian Stock And Station Agent Industry, Simon Ville
"Making Connections": Insights Into Relationship Marketing From The Australasian Stock And Station Agent Industry, Simon Ville
Faculty of Commerce - Papers (Archive)
Relationship marketing has received little attention from business historians who have favored the study of branding, associational advertising, market research, and the role of marketing agencies, particularly in relation to modern consumer manufacturing. Although the term relationship marketing is of recent origin, we analyze its practice under a different guise, "connections", over several centuries: we draw on the extensive archival evidence of a rural business services industry in Australia and New Zealand. Relationship marketing's emphasis upon close and enduring individual customer relationships mitigated uncertainty of performance and behaviour, on both sides of the transaction, created by a long and geographically …
The Use Of Computer Supported Analysis For Interview Data: A Cross-Cultural Example From The Electronic Gaming Industry, June Buchanan, Michael L. Jones
The Use Of Computer Supported Analysis For Interview Data: A Cross-Cultural Example From The Electronic Gaming Industry, June Buchanan, Michael L. Jones
Faculty of Commerce - Papers (Archive)
Computer assisted analysis has long been a major factor of quantitative analysis. This paper illustrates the use of computer assisted analysis for qualitative research, looking specifically at research in the Electronic Gaming Industry, across two country sectors – New South Wales, Australia and Nevada, USA, where empirical data are collected and analysed. The paper highlights the important place that computer assisted analysis holds in social and societal marketing. A detailed discussion explains how analysis was undertaken in the Electronic Gaming Industry, and how concepts and theory emerged. This paper discusses the qualitative approach used in this research. In particular, it …
The Role Of Higher Education And Industry In Supporting Career Goals And Decision-Making, Yolanda Jordaan
The Role Of Higher Education And Industry In Supporting Career Goals And Decision-Making, Yolanda Jordaan
Faculty of Commerce - Papers (Archive)
Both higher education institutions and employers need to evaluate the factors that influence students' career goals and career-related decisions because of their importance to and impact on career management and decision making. The objective of this study is to identify the importance of career goals and factors influencing students' career decision making in South Africa. A non-probability sample was selected, with 488 completed responses. The findings indicate that there are significant differences between gender and ethnic groups in terms of the importance of career goals and career influencing factors. The results suggest that high-quality education is needed in conjunction with …
Industry Associations As Facilitators Of Social Capital: The Establishment And Early Operations Of The Melbourne Woolbrokers Association, David Merrett, Stephen Morgan, Simon Ville
Industry Associations As Facilitators Of Social Capital: The Establishment And Early Operations Of The Melbourne Woolbrokers Association, David Merrett, Stephen Morgan, Simon Ville
Faculty of Commerce - Papers (Archive)
Relocation of the selling of Australia's wool clip from London to cities in Australia in the late nineteenth century led to the creation of wool selling industry associations, such as the Melbourne Woolbrokers Association (MWA). Highly successful in fostering competitive collaboration that improved market efficiency, the Association rested on the social capital brought to it and further developed by the participants, individuals with extensive connections in the pastoral, banking and transport industries. The collective social capital vested in the Association enabled the earning of economic rents, firstly from the high trust created through internal cohesion reinforced by formalised sanctions, and …
Adoptability Of Japanese Management Practices In Sri Lankan Industry, Anura De Zoysa, Siriyama Kanthi Herath
Adoptability Of Japanese Management Practices In Sri Lankan Industry, Anura De Zoysa, Siriyama Kanthi Herath
Faculty of Commerce - Papers (Archive)
The effectiveness of Japanese management practices (JMPs) is often referred to as a major reason for Japan's economic miracle. In recent years, several countries also have achieved remarkable results by adopting some JMPs in their manufacturing organisations. Through the overview of an Indian experience, this paper attempts to examine how Sri Lankan industrialists can benefit from adopting JMPs in their organisations. It is suggested that JMPs, if properly adopted, can accelerate industrial development in Sri Lanka by contributing effectively towards achieving low cost, superior quality and high productivity.
Rent Seeking Or Market Strengthening? Industry Associations In New Zealand Wool Broking, Simon Ville
Rent Seeking Or Market Strengthening? Industry Associations In New Zealand Wool Broking, Simon Ville
Faculty of Commerce - Papers (Archive)
This paper builds on recent conceptual work about associations that is drawn from the new institutional economics. It uses evidence from New Zealand wool broking to indicate the circumstances in which industry associations can operate effectively and in the broader public interest. Through their strong associative capacity and effective specialization of function, wool-broking industry associations developed flexible routines for managing wool auctions, mediated disputes, mitigated opportunism, addressed major market disruptions, and served as a communication channel with government. External pressures and monitoring from other business interests, governments, and a competitive wool market constrained rent-seeking behavior, preventing members from benefiting at …
Lean And The Analysis Of Continuous Process Industry Supply Chains, Matthew P.J Pepper, Trevor A. Spedding
Lean And The Analysis Of Continuous Process Industry Supply Chains, Matthew P.J Pepper, Trevor A. Spedding
Faculty of Commerce - Papers (Archive)
The lean approach is a well established philosophy in the manufacturing industry. Due to increasingly competitive global markets, the scope of application for this way of thinking is widening, and continually evolving to become suitable for application into new areas - the continous process industry being a key example.
Leaning Into The Steel Industry: Lean Supply And The Steel Industry, Matthew P. Pepper, Trevor A. Spedding
Leaning Into The Steel Industry: Lean Supply And The Steel Industry, Matthew P. Pepper, Trevor A. Spedding
Faculty of Commerce - Papers (Archive)
The steel industry contributes substantially to Australia’s economy. However, globalisation has forced steel producers and exporters to reassess their strategic direction and seek out different management approaches to maintain market share. This paper promotes the concept of lean supply and its effectiveness (when used in conjunction with other strategic tools), in responding to the challenges of globalisation and other changes in the operating market; by strengthening the industrial supply chain for competition. Future considerations for practitioners and researchers are identified in the concluding discussion.
Interorganizational Dynamics In Collaboration In University-Industry Research Projects: Context, Politics And Social Construction, Michael Zanko, Richard Badham, Karin H. Garrety
Interorganizational Dynamics In Collaboration In University-Industry Research Projects: Context, Politics And Social Construction, Michael Zanko, Richard Badham, Karin H. Garrety
Faculty of Commerce - Papers (Archive)
University-industry partnerships (UIPs) are widely viewed as essential in leveraging research capability and economic performance in organizations and the nation as a whole. In Australia, as in many other countries, the national government commits significant funds to such ‘strategic’ collaborations. Despite this interest, there is still a relatively poor understanding of the interorganizational dynamics of these industry and university partnerships and their projects. This paper examines such dynamics by focusing on a management-related research project we were involved in negotiating and undertaking with industry partner managers over a four-year period. Of particular relevance was the complex interplay between UIP politics, …
Responsibility For Occupational Health And Safety Outcomes In The Labour Hire Industry: A Tripartite Arrangement?, Alex Spillett, Michael Zanko, Andrew J. Sense
Responsibility For Occupational Health And Safety Outcomes In The Labour Hire Industry: A Tripartite Arrangement?, Alex Spillett, Michael Zanko, Andrew J. Sense
Faculty of Commerce - Papers (Archive)
Labour hire workers are one category of a group more generally labelled contingent, temporary, precarious or casual workers. Research shows they are generally at increased risk of occupational injury and illness compared to permanent employees. It is proposed that one of the causal factors is the unique tripartite employment relationship used to engage labour hire. The dynamics and behaviours in this triangular relationship are discussed with reference to the legal and organisational uncertainty that it frequently presents. A model is proposed that suggests the occupational health and safety interdependence between the three parties. The potential occupational health and safety outcomes …
The Development Of An Industry Specific Performance Measurement Model For Service Organisations Within The Small Business Sector, Vicki Baard, Edmund W. Watts
The Development Of An Industry Specific Performance Measurement Model For Service Organisations Within The Small Business Sector, Vicki Baard, Edmund W. Watts
Faculty of Commerce - Papers (Archive)
The role of small business, as part of the value adding chain in any economy, should never be understated. In Australia small business represents 96% of all private sector business, accounts for 47% of all private sector employment and the majority fail within three to five years of establishment. Despite this contribution the small business sector, and in particular the service sector component, appear to be underrepresented in the development of specific performance measurement models, which, within the academic and professional literature appear to focus on their larger firm counterparts. Given the unique position of small business service organisations the …
Social Reporting By The Tobacco Industry: All Smoke And Mirrors?, Lee C. Moerman, Sandra Van Der Laan
Social Reporting By The Tobacco Industry: All Smoke And Mirrors?, Lee C. Moerman, Sandra Van Der Laan
Faculty of Commerce - Papers (Archive)
In July 2002 British American Tobacco, one of the largest private multinational corporations involved in tobacco production and marketing, launched their first social report. Using a process of stakeholder engagement, global reporting initiatives and process auditing the report was delivered just before the release of the World Health Organisation initiative, the Framework Convention on Tobacco Control. Within the corporate social reporting literature there is a belief that to give account serves as a legitimising device for organisational activity thus bridging the divide between the social and economic realm. The tobacco industry has been heavily criticised, particularly in Western society, for …