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Full-Text Articles in Business
Does The Interest Rate For Business Loans Respond Asymmetrically To Changes In The Cash Rate?, Abbas Valadkhani, Amir Arjomandi, Martin J. O'Brien
Does The Interest Rate For Business Loans Respond Asymmetrically To Changes In The Cash Rate?, Abbas Valadkhani, Amir Arjomandi, Martin J. O'Brien
Faculty of Commerce - Papers (Archive)
This article examines the dynamic relationship between the Reserve Bank of Australia's (RBA's) cash rate and the variable interest rate for lending to small businesses. The relationship is evaluated via an asymmetric GARCH model using monthly data spanning from August 1990 to October 2012. Our results show that a 1 percentage point increase in the cash rate results in an instantaneous 1.086 percentage point rise in the variable rate for small businesses, whereas an equivalent 1 percentage point cut only leads to a 0.862 percentage point fall with a delay of up to 2 months. This outcome has obvious implications …
Extending The Use Of Market Orientation: Transforming A Charity Into A Business, Paul A. Chad
Extending The Use Of Market Orientation: Transforming A Charity Into A Business, Paul A. Chad
Faculty of Commerce - Papers (Archive)
Charities play a crucial role within society but are facing growing competition. Adopting a market orientation assists for-profit organisations to improve performance and can potentially also assist charities. This paper examines the under-researched topic of how market orientation can be appropriately introduced into a charity, and the resultant effect upon performance. A charity that introduced market orientation is examined using a discourse transformation framework. Thematic analysis of in-depth interviews of employees identifies how management changed the organisation through use of a three-phase process of new managerialism, professionalism and embedding. Few if any papers have previously examined how management of a …