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Full-Text Articles in Business
(Dis)Engaging With Sustainability: Evidence From An Australian Business Faculty, Maria Cadiz Dyball, Andy Wang, Sue Wright
(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 …
Fleeting Orders And Dynamic Trading Strategies: Evidence From The Australian Security Stock Exchange (Asx), Tina Prodromou, Joakim Westerholm, Hui Zheng, Dionigi Gerace
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 …
Corporate Governance And Stock Liquidity: Panel Evidence From 2001 To 2013, Searat Ali, Benjamin Liu, Jen Je Su
Corporate Governance And Stock Liquidity: Panel Evidence From 2001 To 2013, Searat Ali, Benjamin Liu, Jen Je Su
Faculty of Business - Papers (Archive)
Constructing a new index of corporate governance quality (CGQ), we provide comprehensive and robust evidence for the association between governance quality and stock liquidity in the pure order-driven stock market of Australia. We hypothesize that governance quality affects stock liquidity because effective governance alleviates information asymmetries between insiders (e.g., managers) and outsiders (e.g., investors), as well as among outsiders by improving the financial transparency of a firm. Consistent with this theoretical argument, by using a large sample of 1,207 firms (10,179 firm-year observations) over the long period from 2001 to 2013, we find a significant positive relationship between governance quality …
Does Control-Ownership Divergence Impair Market Liquidity In An Emerging Market? Evidence From China, Xiaojun Chu, Qigui Liu, Gary Tian
Does Control-Ownership Divergence Impair Market Liquidity In An Emerging Market? Evidence From China, Xiaojun Chu, Qigui Liu, Gary Tian
Faculty of Business - Papers (Archive)
This paper examines how institutional characteristics of emerging economies influence the effect of control-ownership divergence on market liquidity. We find that the divergence is negatively associated with liquidity and that this negative relationship is more pronounced in firms with more severe agency problems and information asymmetry. We argue that in an emerging market, the negative effect of the divergence on liquidity is worsened by state ownership and poorer shareholder protection, both of which result in more severe agency conflicts; we also find, however, that this effect is alleviated by the NTS reform, which aligns the interest of different shareholders.
Bank Ownership And Efficiency In Post-Conflict Era Of Sri Lanka: Evidence From Aggregate Efficiency Technique, Bolanda Hewa Thilakaweera, Charles Harvie, Amir Arjomandi
Bank Ownership And Efficiency In Post-Conflict Era Of Sri Lanka: Evidence From Aggregate Efficiency Technique, Bolanda Hewa Thilakaweera, Charles Harvie, Amir Arjomandi
Faculty of Business - Papers (Archive)
Deviating from conventional methods in comparing the group performance of banks this study extends the established literature to compare efficiency between foreign and domestic banks, by employing comprehensive weighted aggregate efficiency measures derived through bootstrap simulations for the banking sector for the post - confli ct era of Sri Lanka. The study also compares the banking sector performance between initial and later parts of the post - conflict period, using weighted aggregate efficiency measures. At the end of the armed conflict between LTTE 1 and Sri Lankan government forces the banking sector experienced considerable expansion in terms of banking density …
Breaking The Link Between Legal Access To Alcohol And Motor Vehicle Accidents: Evidence From New South Wales, Jason M. Lindo, Peter M. Siminski, Oleg Yerokhin
Breaking The Link Between Legal Access To Alcohol And Motor Vehicle Accidents: Evidence From New South Wales, Jason M. Lindo, Peter M. Siminski, Oleg Yerokhin
Faculty of Business - Papers (Archive)
A large literature has documented significant public health benefits associated with the minimum legal drinking age in the USA, particularly because of the resulting effects on motor vehicle accidents. These benefits form the primary basis for continued efforts to restrict youth access to alcohol. It is important to keep in mind that policymakers have a wide variety of alcohol-control options available to them, and understanding how these policies may complement or substitute for one another can improve policy making moving forward. Towards this end, we propose that investigating the causal effects of the minimum legal drinking age in New South …
The Use Of Accountability Reports And The Accountability Forum: Evidence From An Indonesian Local Government, Muhammad Hudaya, Ted Watts, Parulian Silaen, Ciorstan Smark
The Use Of Accountability Reports And The Accountability Forum: Evidence From An Indonesian Local Government, Muhammad Hudaya, Ted Watts, Parulian Silaen, Ciorstan Smark
Faculty of Business - Papers (Archive)
This article explores the changing accountability role that Indonesian local government reporting has played by exploring a Local Government Under Study's (LGUS) accountability report process. The study uses an interpretive (social constructionist) methodology. A case study method (including historical records and interviews, as well as direct observations) is used through an institutional theory lens to interpret local reporting behaviour. Local government currently submits accountability reports to three parties: the central government, the local parliament and the public. However, while the public now receives a report, it contains only a summary of the report submitted to the central government and is …
The Influence Of Presenteeism On Job Satisfaction And Employee Turnover Intentions: Evidence From Bangladeshi Employees, Amlan Haque
Faculty of Business - Papers (Archive)
This study investigates the association of presenteeism with job satisfaction and employee turnover intentions. Presenteeism refers to attending work while ill and not being able to work up to full capacity. Hypotheses are tested using data from 200 full-time Bangladeshi employees with a web-based online survey. As predicted, significant negative associations were identified between presenteeism and job satisfaction as well as among job satisfaction and employee turnover intentions. A further analysis also revealed a significant positive relationship between presenteeism and employee turnover intentions. This study suggests that presenteeism is associated with job satisfaction and employee turnover intentions and should be …
Who Responds To Financial Incentives For Weight Loss? Evidence From A Randomized Controlled Trial, Alfredo R. Paloyo, Arndt R. Reichert, Monika Reuss-Borst, Harald Tauchmann
Who Responds To Financial Incentives For Weight Loss? Evidence From A Randomized Controlled Trial, Alfredo R. Paloyo, Arndt R. Reichert, Monika Reuss-Borst, Harald Tauchmann
Faculty of Business - Papers (Archive)
There is a paucity of evidence on the heterogeneous impacts of financial incentives on weight loss. Between March 2010 and January 2012, in a randomized controlled trial, we assigned 700 obese persons to three experimental arms. We test whether particular subgroups react differently to financial incentives for weight loss. Two treatment groups obtained a cash reward (€150 and €300 with 237 and 229 participants, respectively) for achieving an individually-assigned target weight within four months; the control group (234 participants) was not incentivized. Participants and administrators were not blinded to the intervention. We find that monetary rewards effectively induced obese individuals …