Recently added articles from Australian Journal of Management:
The dominoes fall: a timeline of the squeeze and crash ...(Editorial)
Dec 01, 2008; ... In its leader of October 13, 2008, the Financial Times characterized the western world's banking system as suffering 'the equivalent of a cardiac arrest.' The collapse of confidence in the system means that 'it is now virtually impossible for any institution to finance itself in the ...
1: Monetary policy surprises and the bank bill term premium.(Report)
Dec 01, 2008; ... Abstract: Has Australia's shift to an inflation-targeting monetary policy regime had a significant impact on investors' perception of interest-rate risks' in the market? We find that since 1990, unanticipated adjustments to monetary policy have had a significantly larger impact on the term ...
2: Explaining credit ratings of Australian companies--an application of the Merton model.(Report)
Dec 01, 2008; ... Abstract: This paper examines how the default likelihood indicator computed from the option-based model of Merton (1974) together with two default-related factors, namely firm size and book-to-market ratio, effectively explain credit ratings when compared to accounting ratios. ...
3: A variable-rate loan-prepayment model for Australian mortgages.(Report)
Dec 01, 2008; ... Abstract: This paper is an investigation of Australian mortgage-loan prepayment from a modelling perspective. A prepayment model for loans of mortgage-backed securities is developed specifically for the Australian mortgage market, and then empirically tested using (Reuters) ...
4: Share purchase plans in Australia: issuer characteristics and valuation implications.(Report)
Dec 01, 2008; ... Abstract: Share purchase plans (SPPs) are of Jered exclusively to a company's registered shareholders, who may purchase up to $5,000 worth of shares in a 12-month period at a discount to the market price and without any brokerage charge. They have become one of the most ...
5: Marketing communication expenditures and financial capital--the impact of marketing as an option.(Report)
Dec 01, 2008; ... Abstract: This paper examines the financial effectiveness of marketing communication expenditure (MCE) as an instrument to increase risk-weighted capital. We nest a cross-sectional time-series panel model within the risk-adjusted earnings principles of Ohlson (1995), and apply the model to ...
6: Employee participation in continuous improvement programs: the interaction effects of accounting information and control.(Report)
Dec 01, 2008; ... Abstract: The design of management accounting control systems (MACS) is an important factor affecting the extent and success of employee involvement in continuous improvement (CI) programs. The results of an experiment reported here indicate that the combination of Activity-Based Cost ...
7: Does disclosure quality via investor relations affect information asymmetry?(Report)
Dec 01, 2008; ... Abstract: High disclosure quality can be achieved through an effective investor-relations program and results in firm benefits such as enhanced market exposure, increased analyst coverage and institutional following. We examine the association between disclosure quality and information ...
8: Tax effects on the pricing of Australian stock index futures.(Report)
Dec 01, 2008; ... Abstract: This paper estimates the impact of the debt tax shield, cash dividends and imputation tax credits on the prices of Australian stock index futures. Relative to futures payoffs, the cost of financing the set of shares of the underlying index provides a mild tax shield, cash ...
9: The impact of regulations on the informational basis of insider trading.(Report)
Dec 01, 2008; ... Abstract: In this paper, we examine the impact of major regulatory changes in New Zealand on the profitability and informational basis of insider transactions. Legislation around the world appears to have tried to encourage insiders to trade only in specified instances. We examine the ...
Measured Success: Innovation Management in Australia.(Book review)
Dec 01, 2008; ... Measured Success: Innovation Management in Australia Edited by Peter Cebon, 2008, (Melbourne University Press), paperback, 290 pages. ISBN 978-0-522-85570-8 The recent review of the national innovation system (the 'Cutler Report' (1)) is the latest in a ...