Business Commons^™

Family Control, Accounting Misstatements, And Market Reactions To Restatements: Evidence From China, Liangbo Ma, Shiguang Ma, Gary G. Tian

Faculty of Business - Papers (Archive)

We examine the impact of family control on the likelihood of accounting misstatements and on market reactions to subsequent restatements. Using a matched-firm approach, we find that family control overall reduces the incidence of misstatements, consistent with the notion that controlling families have a greater concern for reputation than nonfamily blockholders. However, compared to nonfamily firm restatements, restatements announced by family-controlled firms trigger significantly more negative market reactions. We attribute the more negative market reactions to the greater loss in reputation and higher investor scepticism of the credibility of corporate insiders for family firms than for nonfamily firms following restatements.

Exploring Mind Mapping Techniques To Analyse Complex Case Study Data, Fadi Kotob, Lee Styger, Lauren P. Richardson

Faculty of Business - Papers (Archive)

This paper discusses using mind mapping techniques as a viable and complementary approach for analysing the complex qualitative data collected during a research project. Using a case study methodology to undertake the investigation, data collecting focused on conducting semi structured interviews with employees of the Lebanese Association of SOS Children‟s Villages. This was followed by an exploratory exercise to analyse ten of the interviews conducted by using mind mapping techniques and assess the possible suitability of the technique for conducting qualitative data analysis. The study concludes that mind mapping is a suitable technique for analysing large amounts of qualitative research …

New Estimates Of Intergenerational Mobility In Australia, Silvia Mendolia, Peter M. Siminski

Faculty of Business - Papers (Archive)

We present new estimates of intergenerational earnings elasticity for Australia. We closely follow the methodology used by Leigh [BE Journal of Economic Analysis & Policy, 7 (2007) 1], but use considerably more data (12 waves of HILDA and four waves of PSID). Our adjusted estimates are intended to be comparable to those for other countries in Corak [Journal of Economic Perspectives, 27 (2013) 79]. Our preferred estimate (0.35) is considerably higher than implied by Leigh's study, and is less subject to sampling variation. In an international context, intergenerational mobility in Australia is not particularly high, and is consistent with its …

Advising A Female Leader In A Family Firm: A Case Study, Mary Barrett

Faculty of Business - Papers (Archive)

Women do it differently, we're told, and this is true of many influential women in family firms. They often succeed by directing attention away from themselves, telegraphing moves to their partner - typically the CEO - to creating the change they know the firm needs. They change the firm because they have the CEO's trust rather than through displays of expertise, a visible presence, and a fancy job title.

Framing Advertisements To Elicit Positive Emotions And Attract Foster Carers: An Investigation Of High Cognitive Elaboration Donations, Melanie J. Randle, Leonie M. Miller, Joanna Stirling, Sara Dolnicar

Faculty of Business - Papers (Archive)

Advertisements that elicit negative emotions (e.g., guilt) have been found effective in prompting socially desirable behaviors, such as making monetary donations to charity. This study investigates whether this principle generalizes to a specific case of high-cognitive-elaboration donations: fostering a child. Results from an advertising experiment conducted with 470 respondents indicate that this is not the case. Rather, positive emotions caused stronger reactions to the advertisements, with processing motivation and preexisting attitudes playing a critical role. Implications for marketing foster care—and possibly other, similar high-cognitive-elaboration donations—include that ongoing communication and elicitation of positive emotions is essential to first form the right …

Four Steps To Realizing Business Value From Digital Data Streams, Abhijith Anand, Rajeev Sharma, Tim Coltman

Faculty of Business - Papers (Archive)

Based on four case studies and a follow-up survey, we have identified the key success factors for realizing value from DDS (digital data stream) investments. But managers need to pay attention to the combinations of success factors. A key finding is that value realization is improved when the agility of the resource allocation process is appropriate for the levels both of DDS platform maturity and of commitment from data-driven top management. We present a four-step sequence and a decision framework for putting the optimum combination of success factors in place.

Why Doesn't Our Branding Pay Off: Optimising The Effects Of Branding Through Innovation, Wai Jin J. Lee, Aron O'Cass, Phyra Sok

Faculty of Business - Papers (Archive)

Purpose:Recent branding failures (e.g. Kodak and Krispy Kreme) have cast considerable doubt on the widely accepted contention that to develop a strong brand, firms must continuously strive to be brand oriented or innovation oriented. This study aims to examine the curvilinear and interactive effects of brand orientation and innovation orientation on brand performance.

Design/methodology/approach: Survey data were drawn from a sample of 181 firms operating in the consumer goods sector (i.e. fashion, consumer electronics and automobile) and tested through a hierarchical regression analysis.

Findings: This study finds that the sole and exclusive focus on either brand orientation or innovation …

Economic Growth And Abatement Activities In A Stochastic Environment: A Multi-Objective Approach, Simone Marsiglio, Davide La Torre

Faculty of Business - Papers (Archive)

We analyze the effect of uncertainty on economic growth and environmental quality in a concave stochastic bicriteria dynamic problem, solved by means of scalarization techniques and the Hamilton-Jacobi-Bellman equation. Specifically, we focus on an endogenous growth model with purposive abatement activities, where environmental quality, subject to random shocks, is merely a source of utility and does not play any productive role. We show that even in the absence of direct (environmental) productivity effects, along the optimal path production results enhanced by an indirect productivity effect, which transforms environmental quality into the engine of growth. However, this does not prevent uncertainty …

Endogenous Growth And Technological Progress With Innovation Driven By Social Interactions, Simone Marsiglio, Marco Tolotti

Faculty of Business - Papers (Archive)

We analyze the implications of innovation and social interactions on economic growth in a stylized endogenous growth model with heterogeneous research firms. A large number of research firms decide whether to innovate or not, by taking into account what competitors (i.e., other firms) do. This is due to the fact that their profits partly depend on an externality related to the share of firms which actively engage in research activities. Such a share of innovative firms also determines the evolution of technology in the macroeconomy, which ultimately drives economic growth. We show that when the externality effect is strong enough …

Dialogic Accounting And Accountability Systems For Women's Empowerment: A Participatory Action Research (Par) Case Study In A Microfinance-Ngo In Bangladesh, Farzana A. Tanima, Judy Brown

Faculty of Business - Papers (Archive)

Purpose: The purpose of this paper is to explore the potential of dialogic accounting and accountability systems in addressing women's empowerment in the microfinance context, in Bangladesh. There are debates about whether women are actually being empowered through microfinance initiatives, and concerns about the accountability of microfinance institutions. This study examines these controversies, drawing and building on Mayoux (2002) and the work of others on 'competing logics' evident in microfinance theory and practice. In recognition of the dominance of economic logics in traditional accounting, it responds to calls to develop more multi-dimensional accountings and ways of operationalising proposals for greater …

Housing Affordability, Central City Economic Productivity And The Lower Income Labour Market, Ryan Van Den Nouwelant, Laura Crommelin, Shanaka Herath, Bill Randolph

Faculty of Business - Papers (Archive)

The objective of this research was to establish whether the diminishing supply of affordable housing options for lower income (LI) workers near job-rich central city (CC) locations is having an impact on CC businesses and on the overall productivity of CC economies. The findings of the specific research questions are summarised here. The research comprised a review of census and other data as to the housing market position of the LICC labour force in five of Australia's key metropolitan areas (metros)-Perth, Darwin, Melbourne, Sydney and Brisbane-as well as a series of interviews with employers in Sydney's CC and an analysis …

Being Aware About Academic Integrity, Ann M. Rogerson

Faculty of Business - Papers (Archive)

•What is academic integrity?
•How do we become AWARE about academic integrity?
•How to identify potential issues
•Discussion/questions
•References

Realizing Value From Business Analytics Platforms: The Effects Of Managerial Search And Agility Of Resource Allocation Processes, Abhijith Anand, Rajeev Sharma, Tim Coltman

Faculty of Business - Papers (Archive)

Few organizations have been able to realize value from their investments in business analytics. This could be due to an inadequate understanding of the pattern of investments required to realize value from business analytics. Specifically, we propose that business analytics requires an upfront investment of infrastructure capital to build a mature platform, followed by multiple investments of innovation capital to create value through competitive actions informed by analytics-enabled insights. Drawing on dynamic capabilities and digital options literatures, we develop a model in which the effect of investments in maturity of the business analytics platform on organizational value is moderated by …

Late Disclosure Of Insider Trades: Who Does It And Why?, Millicent M. Chang, Yilin Lim

Faculty of Business - Papers (Archive)

We attempt to understand the personal incentives that motivate corporate insiders to engage in unethical behavior such as delayed trade disclosure. Delayed disclosure affects corporate transparency and other shareholders in the firm potentially suffer investment losses because they are unaware of insiders' activities. Using archival data from the 300 largest Australian firms between 2007 and 2011, the results show that risk factors such as insider age and tenure and wealth effects in the form of insider shareholdings affect the likelihood of delayed reporting. Governance positions such as committee membership mitigate this behavior. Our study highlights the importance of considering individual …

The Informativeness Of Substantial Shareholder Trading In The Lead Up To A Takeover Bid, Millicent M. Chang, Raymond Da Silva Rosa, Wilson Ng

Faculty of Business - Papers (Archive)

Although substantial shareholders are often considered quasi-insiders, not much is known about the information they possess, especially around changes in corporate control events. We examine whether substantial shareholders in target firms possess information about future takeover activity and if they have such information, whether they trade opportunistically on it. The results show increased purchases by substantial shareholders close to a takeover announcement where these trades predict the likelihood of takeovers. However, they do not predict bid premiums nor other deal characteristics. A comparison of different types of substantial shareholders indicates that institutional shareholder trades are better indicators of takeover likelihood …

Knowledge Retention Through Low-Tech Knowledge Sharing Channels In Loosely-Coupled Networks: A Human-Based Approach, Rosemary A. Van Der Meer, Karlheinz Kautz

Faculty of Business - Papers (Archive)

This study examines a human-based approach for knowledge retention that is evolving through various knowledge sharing channels in a low-technology environment with a strong emphasis on social networks in a loosely-coupled inter-organisational government-industry collaboration focused on regional sustainability. Using social network analysis combined with interview and observational analysis, our results show that a combination of close-knit community ties and group interaction promote the development of strong personal networks that provide continued access to group memory to retain the group's knowledge.

Shame And Authority: Tracing The Cultural Antecedents Of Internal Protocols In China, Jing Wang

Faculty of Business - Papers (Archive)

Paper presented at the 8th Asia-Pacific Interdisciplinary Research in Accounting Conference, 13-15 July 2016, Melbourne, Australia