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Open Access. Powered by Scholars. Published by Universities.®

2011

Selected Works

Adjunct Professor Stephen J Kelly

Finance and Financial Management

Articles 1 - 3 of 3

Full-Text Articles in Business

Moral Hazards, Crisis, Bail Outs And E-Scads, Judy Johnston, Alexander Kouzmin, Kym Thorne, Stephen Kelly Feb 2011

Moral Hazards, Crisis, Bail Outs And E-Scads, Judy Johnston, Alexander Kouzmin, Kym Thorne, Stephen Kelly

Adjunct Professor Stephen J Kelly

No abstract provided.


Venture Capital In Regional Australia: Attitudes Toward Venture Capital Requirements Among Sme Principals And Their Advisors, Stephen Kelly, Jeremy Buultjens Feb 2011

Venture Capital In Regional Australia: Attitudes Toward Venture Capital Requirements Among Sme Principals And Their Advisors, Stephen Kelly, Jeremy Buultjens

Adjunct Professor Stephen J Kelly

This paper provides results from exploratory research examining attitudes of regional SME principals and their professional advisors toward venture capital and postulates how this may affect regional SME use of venture capital. The research was conducted as part of a larger project investigating relationships between venture capital, venture capitalists and regional SME development. Analysis using exploratory factor analysis identified three factors representing investment determinants, venture capital benefits and relationship issues, with SME principals and their advisors being cognisant of the importance of investment determinants but uncertain as to the benefits of venture capital and the role of interpersonal relationships. It …


Crisis Opportunism: Bailouts And E-Scads In The Gfc, Judy Johnston, Alexander Kouzmin, Kym Thorne, Stephen Kelly Feb 2011

Crisis Opportunism: Bailouts And E-Scads In The Gfc, Judy Johnston, Alexander Kouzmin, Kym Thorne, Stephen Kelly

Adjunct Professor Stephen J Kelly

As a response to the junk debt-inspired global economic crisis, governments, with supra-national organizational approval, have appropriated billions of taxpayers dollars for bailouts, have set up special funds and underwritten depositors savings in the desperate hope of alleviating the threat of rapid, economic decline and systemic destruction of value. Whether these governments have a democratic mandate for such unprecedented action is debatable. More importantly, though, is whether such decisions amount to good re-regulatory policy. First, it is known that some of the bailout money to large corporations has been squandered by oligarchic recipients and appropriated by them in their own …