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Full-Text Articles in Business

The Australian Firearms Buyback And Its Effect On Gun Deaths, Wang-Sheng Lee, Sandy Suardi May 2015

The Australian Firearms Buyback And Its Effect On Gun Deaths, Wang-Sheng Lee, Sandy Suardi

Sandy Suardi

The 1996-1997 National Firearms Agreement (NFA) in Australia introduced strict gun laws, primarily as a reaction to the mass shooting in Port Arthur, Tasmania, in 1996, where 35 people were killed. Despite the fact that several researchers using the same data have examined the impact of the NFA on firearm deaths, a consensus does not appear to have been reached. In this paper, we reanalyze the same data on firearm deaths used in previous research, using tests for unknown structural breaks as a means to identifying impacts of the NFA. The results of these tests suggest that the NFA did …


Nonstationarity, Cointegration And Structural Breaks In The Australian Term Structure Of Interest Rates, Sandy Suardi May 2015

Nonstationarity, Cointegration And Structural Breaks In The Australian Term Structure Of Interest Rates, Sandy Suardi

Sandy Suardi

This article examines the unit-root property of the Australian short- and long-term interest rates using unit-root tests that accommodate a single or two breaks under the null and/or alternative hypothesis. Two breaks in interest rates are found to coincide with the 1982/83 and 1990/91 recessions or the 1993 inflation targeting period. We further investigate the implications of these structural breaks on the cointegrating relationship implied by the single, linear expectations hypothesis of the term structure of interest rates. While there is evidence that the data are consistent with the expectations hypothesis at the shorter end of the term structure, breaks …


(Dis)Engaging With Sustainability: Evidence From An Australian Business Faculty, Maria Cadiz Dyball, Andy Wang, Sue Wright Jan 2015

(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 Jan 2015

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 …


Is Islamic Finance Important To The Australian Economy?, George Mickhail Jan 2015

Is Islamic Finance Important To The Australian Economy?, George Mickhail

Faculty of Business - Papers (Archive)

On the 31st July 2015, and according to fi gures published by the World Federation of Exchanges, the size of the Australian domestic equity market capitalization (companies admitt ed to listing only) was US$1.23 trillion, which is 1.96% of the global domestic equity market capitalization of US$62.8 trillion. On the other hand, the global Islamic fi nance industry assets in 28 diff erent jurisdictions were estimated to be worth US$1.85 trillion or 2.95% of the global domestic market capitalization.


The Relationship Between Responsible Leadership And Organisational Commitment With The Mediating Effect Of Turnover Intentions: An Empirical Study With Australian Employees, Md Amlan Haque, Mario Fernando, Peter Caputi Jan 2015

The Relationship Between Responsible Leadership And Organisational Commitment With The Mediating Effect Of Turnover Intentions: An Empirical Study With Australian Employees, Md Amlan Haque, Mario Fernando, Peter Caputi

Faculty of Business - Papers (Archive)

The purpose of this paper is to report the findings of an Australian study testing the relationship between responsible leadership and organizational commitment. We further test and report the mediating effect of turnover intentions of employees.


The Australian Retirement Lottery: A System Failure, Amandha Ganegoda, John Evans Jan 2015

The Australian Retirement Lottery: A System Failure, Amandha Ganegoda, John Evans

Sydney Business School - Papers

The purpose of this paper is to assess the adequacy of the Australian retirement system to fund the needs of retirees by taking into account both the Knightian risk arising from market volatility under normal market conditions as well as the Knightian uncertainty arising from rare but severe market shocks. We have also taken into account changes in employment during the pre-retirement phase. Given the low frequency, high impact of market shocks, the result is that cohorts of Australian retirees will enjoy very different levels of retirement income and there will be consequent shocks to the demand for the Age …