Aitken, M & Czernkowski, R 1992, 'Information Leakage Prior to Takeover Announcements: The Effect of Media Reports', Accounting and Business Research, vol. 23, no. 89, pp. 3-20.
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There is considerable evidence documenting pre-bid price and volume reaction to takeover announcements. This has at times been argued to constitute evidence of insider trading. Although insider trading probably occurs, much pre-bid trading may result from event anticipation. This paper documents the effects of one source through which such anticipation is disseminated, namely the print media. Our results show that measures of unexpected returns and turnover can be reduced by one third when the information from media reports is controlled for. The general implication of our finding is that, if other such sources were taken into account (for example, information conveyed by substantial shareholder notices and the transactions costs of trading), then previous evidence of statistically significant unexpected pre-bid returns and turnover may be substantially reduced if not eliminated. © 1992, Taylor & Francis Group, LLC. All rights reserved.
Chan, K, McColough, D & Skully, M 1992, 'Australian Tax Changes and Dividend Reinvestment Announcement Effects: A Pre- and Post-Imputation Study', Australian Journal of Management, vol. 18, no. 1, pp. 41-62.
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This paper used an event study approach to examine the impact of dividend reinvestment plans on shareholders returns in the pre- and post-imputation environment. The daily share return behaviour indicated that the announcement to introduce DRP was received indifferntly by the market prior to the imputation, but was valued positively afterwards. The results support the suggestion that under imputation the optimal dividend policy is to distribute the maximum franked dividend and implement a DRP to retain cashflows.
Chan, K, Skully, MT & McCough, DW 1992, 'Australian Dividend Reinvestment Plans: The Announcement Effects of Differing Discount Rates'.
CLEGG, S 1992, 'GIDDENS THEORY OF STRUCTURATION - A CRITICAL APPRECIATION - BRYANT,CGA, JARY,D', SOCIOLOGICAL REVIEW, vol. 40, no. 3, pp. 576-598.
CLEGG, S 1992, 'GIDDENS,ANTHONY - CONSENSUS AND CONTROVERSY - CLARK,J, MODGIL,C, MODGIL,S', SOCIOLOGICAL REVIEW, vol. 40, no. 3, pp. 576-598.
Clegg, S 1992, 'Review Article: How to become an Internationally Famous British Social Theorist', The Sociological Review, vol. 40, no. 3, pp. 576-598.
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CLEGG, S 1992, 'SOCIAL-THEORY OF MODERN SOCIETIES - GIDDENS,ANTHONY AND HIS CRITICS - HELD,D, THOMPSON,JB', SOCIOLOGICAL REVIEW, vol. 40, no. 3, pp. 576-598.
Clegg, SR 1992, 'Book Reviews', Work, Employment & Society, vol. 6, no. 1, pp. 148-150.
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Clegg, SR 1992, 'Book Reviews', Work, Employment and Society, vol. 6, no. 1, pp. 148-150.
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CLEGG, SR 1992, 'INDUSTRIAL-RELATIONS AT WORK - THE AUSTRALIAN WORKPLACE INDUSTRIAL-RELATIONS SURVEY - CALLUS,R, MOREHEAD,A, CULLY,M, BUCHANAN,J', WORK EMPLOYMENT AND SOCIETY, vol. 6, no. 1, pp. 148-150.
Clegg, SR 1992, 'Postmodern Management?', Journal of Organizational Change Management, vol. 5, no. 2, pp. 31-49.
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Taken from an inaugural address at the University of St Andrews,Scotland. Discusses postmodernism, particularly regarding Japaneseinfluences in this sphere but also looks at the overview oforganizational characteristics among other nations, particularly the US.Looks also at the changes which must happen regarding the labour marketand for flexibility amongst workers and management to ensure futureprosperity. Goes on to show that postmodernism is the improved modelover modernist theories.
Clegg, SR 1992, 'Tecnologia, instrumentalidade e poder nas organizações', Revista de Administração de Empresas, vol. 32, no. 5, pp. 68-95.
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Derivadas de Maquiavel ou Hobbes, as teorias modernas de poder pressupõem que este emana da tecnologia. Conseqüentemente, elas prevêem que a adoção de novas tecnologias aumenta o controle de poder da administração e a marginalização da mão-de-obra. O presente artigo argumenta que o erro de tais previsões é inerente aos limites dessas teorias, à luz de Foucault; expõe os recentes debates sobre a especialização flexível; finalmente, conclui que mudanças nas técnicas de trabalho engedram resultados distintos. Afinal, tanto o poder quanto as empresas têm contigências complexas e interdependentes, e, até certo ponto, são passíveis de mudança.
Clegg, SR, Abercrombie, N, Hill, S & Turner, BS 1992, 'Dominant Ideologies', The British Journal of Sociology, vol. 43, no. 4, pp. 683-683.
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Collins, J 1992, 'Immigrant Families in Australia', Journal Of Comparative Family Studies, vol. 24, no. 3, pp. 291-313.
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Australia has a larger and more diverse immigrant population than most Western societies. Australia's immigration history is linked to the story of family migration as Australia sought immigrants for permanent settlement. However, it is important to aviod over-generalisation when studying immigrant families in Australia today. The main hypothesis is that in order to understand the immigrant family in Australia today it is necessary to study the intersection of factors such as ethnicity, class, gender and racism. This article approaches the study of Australia's immigrant families by first making the distinction between immigrants from English-speaking countries and those from non-English-speaking countries. It then looks to differences that emerge from a more detailed study of the immigrant family by ethnic origin before exploring the impact of social class on the lives of immigrant families, viewed through the prism of the social construction of immigrants in Australia. The conclusion is that the immigrant family in Australia is an elusive concept, with immigrant families experiencing a wide variety of situations due to particular intersections of ethnicity, class, gender and racism. Nevertheless, immigrant families from non English-speaking backgrounds tend to be relatively disadvantaged - according to the socio-economic indicators - compared to immigrant families from English-speaking countries.
Craswell, AT & Taylor, SL 1992, 'DISCRETIONARY DISCLOSURE OF RESERVES BY OIL AND GAS COMPANIES: AN ECONOMIC ANALYSIS', Journal of Business Finance & Accounting, vol. 19, no. 2, pp. 295-308.
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DAWES, PL, DOWLING, GR & PATTERSON, PG 1992, 'CRITERIA USED TO SELECT MANAGEMENT-CONSULTANTS', INDUSTRIAL MARKETING MANAGEMENT, vol. 21, no. 3, pp. 187-193.
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Dwyer, L & Mellor, R 1992, 'THE IMPACT OF NEW PRODUCT STRATEGIES OF AUSTRALIAN FIRMS', Prometheus, vol. 10, no. 2, pp. 285-299.
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The more information available regarding elements of successful product innovation strategies, the more able are the managers of Australian industry to meet the challenges and opportunities ofthe international marketplace. To provide some understanding ofthe new product strategies of Australian firms, research was undertaken to determine performance results achieved by 108 firms in their new product programs, to determine whether firms' performance results are linked to their new product strategies, and to analyze the implicationsfor product innovation management. The results indicate the importance of types of products developed, types of markets sought, technological and production strategies and nature and orientation of the firms' new product programs as elements of successful product innovation management.
HALL, J & HAAS, M 1992, 'THE RATIONING OF HEALTH-CARE - SHOULD OREGON BE TRANSPORTED TO AUSTRALIA', AUSTRALIAN JOURNAL OF PUBLIC HEALTH, vol. 16, no. 4, pp. 435-440.
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The Oregon Plan is an ambitious attempt to address the widespread problem in the United States of a growing number of individuals who are without private health insurance and are not eligible for federal assistance programs. Its aim is to provide univers
Hunt, BF 1992, 'A forecasting model of option price volatility', Review of Futures Markets, vol. 11, no. 3, pp. 355-366.
JESSOP, B 1992, 'GIDDENS THEORY OF STRUCTURATION - A CRITICAL APPRECIATION - BRYANT,CGA, JARY,D', POLITICAL STUDIES, vol. 40, no. 3, pp. 583-584.
Rouleau, L & Clegg, SR 1992, 'Postmodernism and Postmodernity in Organization Analysis', Journal of Organizational Change Management, vol. 5, no. 1, pp. 8-25.
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Draws a distinction, via the edited text of an interview, between asociology of postmodernity and postmodernism: the latter has an emphasison theory and its intertextuality while the former would focus moreevidently on discontinuities in the empirical world which serve to marka difference from the ways in which that world has been appropriated andappreciated through a more modernist perspective. For organizationtheory the difference is articulated in particular by the awareness thatthere are now counter‐factuals available to challenge some predominantassumptions about the way in which organization occurs. The assumptionshave a predominantly “Western” basis; some elements of thechallenge come from an increasing knowledge of the specificities ofAsian practice. A crucial axis for comparison between relevanttendencies towards “modernism” and“postmodernism” is that of “differentiation”.Proposes that modernist tendencies are towards the increase ofdifferentiation, postmodern towards the increase of de‐differentiation– the throwing into reverse of the tendency towardsdifferentiation. Considers contrasting models of what a postmodern,de‐differentiated future might look like in terms of their democraticpotential.
Taylor, S 1992, 'THE ROLE OF TIME SERIES ANALYSIS IN STUDIES OF ACCOUNTING POLICY CHOICE: A COMMENT', Accounting & Finance, vol. 32, no. 2, pp. 51-56.
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Abstract:The study by Anderson and Zimmer [1992] of goodwill accounting policies uses a pooled time series experimental design. This approach can add substantially to our understanding of accounting policy choices, but not in the manner used by Anderson and Zimmer. Where accounting policy choices are believed to be independent from one period to the next, then a time series approach can greatly enhance our ability to capture the influence on such policy choices of changing circumstances, more so than a simple cross‐sectional test. Conversely, if accounting policy choices are not independent between periods, pooling over time can overstate significance levels of statistical tests. The nature of Anderson and Zimmer's data makes the impact indeterminate. However, even under an extreme assumption, pre‐regulation evidence remains significant at conventional levels.
Haas, M CHERE 1992, A cost utility analysis of physiotherapy, CHERE Discussion Paper No 6, Sydney.
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Limits on health care resources mean that resource allocation decisions should be guided by considerations of costs in relation to benefits. A method of economic evaluation, (cost utility analysis) was used to evaluate the costs and benefits of a physiotherapy outpatients department. The quality of life of 50 patients was measured before and after physiotherapy intervention and the costs of the treatment compared to the benefits gained; for individuals, ten categories of conditions and for the group as a whole. Physiotherapy was found to be good value for money as compared to other health care interventions, with minor acute injuries and post fracture treatment representing less value for money than conditions such as back pain, neck pain and osteoarthritis. This physiotherapy department should not be disadvantaged with regard to resource allocation. Further research is needed in the areas of efficacy of treatments for specific conditions, effectiveness of one treatment modality as compared to another for a specific condition and the cost effectiveness of other areas of physiotherapy specialisation.
Haas, M & Hall, J CHERE 1992, The Oregon experience in the provision of universal health care, CHERE Discussion Paper No 4, Sydney.
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The Oregon Experiment is an attempt to provide universal access to health care while achieving budgetary caps on expenditure. The appeal of the experiment lies in its explicit approach to rationing health care within a framework of cost effectiveness analysis and its involvement of the community in priority setting. The purpose of this paper is to review the history, process and progress of the Oregon Plan in the context of resource allocation in health care generally and the specific problems of US health care. The relevance of the Oregon approach to Australia is considered. The problems of resource allocation in health care are not new, nor are they confined to Oregon. Section 1 of the paper discusses the general problems as these must be understood before considering the Oregon 'solution'. The particular problem in Oregon, as in the rest of the US, is the rising number of people not covered by health insurance and not eligible for government benefits. The essence of the Oregon approach is to provide universal access to health care but to limit the particular conditions and treatments which could be provided. Section 2 covers the history and development of this approach. The problems and criticisms of the Oregon approach are discussed in section 4. The implementation of the Plan does not live up to the rhetoric; in reality the implementation has been limited by the lack of data on both costs and benefits of health care interventions and the restricted extent of community consultation and involvement. Could or should the Oregon Experiment be tried in Australia? It is important to realise that the Oregon Plan provided access to health care to a significant group, but nonetheless a minority of Oregon citizens; the use of health care services by the majority of the Oregon population is not rationed by the Plan. The Oregon approach, therefore, is a response to the particular problems of Oregon, not Australia. The lesson that Australia could learn from Oreg...
Shiell, A, Haas, M, King, M, Jan, S & Seymour, J CHERE 1992, Optimal size and throughput of tertiary services: A Case Study in Renal Transplant and Cardiac Surgery in NSW, CHERE Discussion Paper No 5, Sydney.
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The research evidence on the relationships between patient throughput and costs and outcomes indicate that, for cardiac and vascular surgery, outcomes are better in units with high rates of patient activity. However, the gains to increasing throughput are most substantial at rates of activity below those currently being achieved in New South Wales (NSW). Research evidence on economies of scale is sparse and unimpressive but suggests that further cost savings are minimal at rates of throughput in excess of 100 cases per annum. The impression from practice in NSW is that larger units have lower average costs. However, this is not necessarily a scale effect and does not constitute an argument for centralising services. Projected increases in the rates of activity will ensure that whatever economies of scale which do exist are realised without the need for reorganisation. In the short term, gains in efficiency may be better realised by management audit within units shown to have higher costs or poorer outcomes. The available research evidence on cardiac surgery suggests that units should be performing at least 300 open heart procedures per annum. It does not support arguments that units should be performing a minimum of 900 procedures per annum unless this includes closed heart procedures in addition to open heart surgery. For renal transplantation, the evidence is less conclusive and clinical opinion more divided. There are gains to be made in centralising surgical procedures but the extent of these gains is small in comparison to the total costs and outcome of managing the patient in end stage renal failure. Patient costs are dominated by the need for ongoing immuno-suppressive therapy and it has been argued that final outcome is influenced more by the medical management of the patient before and after surgery. The effect of centralisation of surgical services on organ supply also needs to be considered. The small benefit of centralised surgery may be mor...
