Australian Journal of Management articles from December 2007

Australian Journal of Management archives from December 2007

The old order changeth.(Editorial)
December 1, 2007... As I write, it is less than a week since we heard that the University, in its wisdom, has decided to close the Frank Lowy Library, move the collection out of the AGSM Building across to the University Library, with only four of its staff. As...

1 An empirical analysis of strategic behaviour models.(Report)
December 1, 2007... Abstract: Existing theoretical models indicate that intraday patterns on stock exchanges are caused by the strategic interaction of informed and liquidity traders. Using unique data from the Helsinki Stock Exchange, which allows individual...

2 A test for long-term cyclical clustering of stock market regimes.(Report)
December 1, 2007... Abstract: This paper finds that observed monthly United States stock index returns are consistent with an underlying mechanism of shifts in regimes amongst multiple states with differing means and volatility. An issue of especial interest...

3 Are the Fama-French factors proxying default risk?(Eugene Fama and Kenneth French)(Report)
December 1, 2007... Abstract: In this paper we investigate the contention that the Fama-French (1993) model's ability to explain cross-sectional variation in equity returns occurs because the Fama-French factors, SMB and HML, are proxying for default risk. To...

4 A disaggregated analysis of movements in East Asian regional stock volatility.(Report)
December 1, 2007... Abstract: In the absence of comprehensive evidence regarding disaggregated volatility and correlations, this paper applies a disaggregated approach to examine these characteristics in the East Asia region. Testing commences with an...

5 Do derivatives have a role in the risk-shifting behaviour of fund managers?(Report)
December 1, 2007... Abstract: In this paper we examine the extent to which derivatives are used to affect the risk-shifting behaviour of Australian equity fund managers. We find, after periods' of good and poor performance, the risk-shifting behaviour of fund...

6 Knowledge transfer process cycle: between factory floor and middle management.(Report)
December 1, 2007... Abstract: Factory floor workers can add value to their firm from new knowledge they may discover whilst performing their daily tasks'. The transfer of that knowledge to middle managers' can improve process efficiencies, if they can utilise...

7 Toeholds and the bidder shareholder wealth effects of takeover announcements.(Report)
December 1, 2007... Abstract: This paper provides new evidence regarding the bidder shareholder wealth effects of takeover announcements by utilizing a robust method not previously employed in the area, namely Barber and Lyon's (1997) control firm approach....

8 The impact of foreign portfolio flows on emerging market volatility: evidence from Thailand.(Report)
December 1, 2007... Abstract: We conduct an analysis of the impact of foreign portfolio flows on the volatility of emerging markets, using a unique dataset consisting of aggregate daily trading by foreign investors in the Thai stock market between 1995 and...

9 The announcement effects of off-market share repurchases in Australia.(Report)
December 1, 2007... Abstract: This paper investigates the price and volume behaviour around the announcement of a type of off-market repurchase (equal access repurchases) in Australia. In contrast to US studies which document abnormal returns of around 8% for...