Australian Journal of Management articles from December 2000

Australian Journal of Management archives from December 2000

Editorial: Globalisation Is At Risk.
December 1, 2000... The world is in a precarious state. Almost ten years of economic growth have meant that severe hardship in the industrial democracies is uncommon, although the process of adjustment to increased competition in many industries means that a small...

Beta and Return: Implications of Australia's Dividend Imputation Tax System.(Statistical Data Included)
December 1, 2000... Keywords: RISK AND RETURN; IMPUTATION EFFECTS; ASSET PRICING. 1. Introduction The potential effect that taxes may have on financial decision-making has long been recognised by financial economists. Traditional work dealing with...

The Impact of Relational Variables on Export Performance: An Empirical Investigation in Australia and the UK.
December 1, 2000... 1. Introduction It's all about linking in to form a proper working partnership: selling with the distributor not to the distributor (UK exporter quoted in Department of Trade and Industry, 1997, p. 11). Research into...

The Demutualisation of AMP Society: An Example of the Valuation of Collars Comprising Asian Options.
December 1, 2000... 1. Introduction A number of Australian mutual organisations have recently been demutualised and restructured as public companies. The most notable of these organisations include: National Mutual (listed in October 1996), Colonial Mutual...

Spare Debt Capacity: Company Practices in Australia, Britain and Japan.
December 1, 2000... 1. Introduction This paper investigates the extent to which samples of listed Australian, British and Japanese companies subscribe to a policy of the maintenance of spare debt (borrowing) capacity. Spare borrowing capacity is a broad...

The Information Content of Losses: Shareholder Liquidation Option and Earnings Reversals.
December 1, 2000... 1. Introduction This study investigates the information content of losses reported by companies to investors. Shareholders always have an option to abandon their investment through liquidation. When a company reports a loss, shareholders...

Does More Market-Wide Information Originate While an Exchange is Open: Some Anomalous Evidence from the ASX.
December 1, 2000... 1. Introduction In a seminal paper, French and Roll (1986) categorise price-relevant information into public information, private information and noise. They assert that the flow of all three categories of information is clustered around...