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M-Garch Hedge Ratios And Hedging Effectiveness In Australian Futures Markets, Wenling Yang
M-Garch Hedge Ratios And Hedging Effectiveness In Australian Futures Markets, Wenling Yang
Theses: Doctorates and Masters
This study deals with the estimation of the optimal hedge ratios using various econometric models. Most of the recent papers have demonstrated that the conventional ordinary least squares (OLS) method of estimating constant hedge ratios is inappropriate, other more complicated models however seem to produce no more efficient hedge ratios. Using daily AOIs and SPI futures on the Australian market, optimal hedge ratios are calculated from four different models: the OLS regression model, the bivariate vector autoaggressive model (BVAR), the error-correction model (ECM) and the multivariate diagonal Vcc GARCH Model. The performance of each hedge ratio is then compared. The …
Reducing The Redundancy Of Financial Ratios And Assessing The Stability Of Financial Patterns, Teck K. Hii
Reducing The Redundancy Of Financial Ratios And Assessing The Stability Of Financial Patterns, Teck K. Hii
Theses: Doctorates and Masters
The purpose of this study was to examine the financial patterns of Australian industrial firms along the lines of Pinches et al.’s (1973; 1975) study. The financial ratios used in prior Australian corporate failure studies were used to derive a reduced set of factors that was predictive of corporate failure (e.g., Castagna & Matolesy, 1981: Booth, 1983). These factors were examined for the short – and long-term stability of these factors. The set of firms used was selected from FINSELECT database, which covered the period from 1989 to 1997. A random list of 199 Australian industrial firms that survived between …
The Marketing Orientation Of Small And Medium Enterprises: An Australian Study, Venkateswara S. Venkatesan
The Marketing Orientation Of Small And Medium Enterprises: An Australian Study, Venkateswara S. Venkatesan
Theses: Doctorates and Masters
The market orientation construct has emerged as a key marketing theme in the 1990's. While the concept of being focussed on the market (customers and competitors) has been known since the early 1950's (e.g. Drucker,1954), putting the concept into practice through a set of specific actions has eluded many organisations and academics. As a result, market orientation (also termed market focus, customer focus and competitor focus) had remained a business philosophy (Bennett & Cooper, 1979: Felton, 1959; Konopa & Calabro,1971) more than a strategic approach. While there have been sporadic attempts at defining or operationalisinga marketing or customer orientation in …