Awati, K 2011, 'Mapping project dialogues using IBIS: a case study and some reflections', International Journal of Managing Projects in Business, vol. 4, no. 3, pp. 498-511.
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Purpose
– The purpose of this practice note is to describe the use of the issue‐based information system (IBIS) notation to map dialogues that occur in project meetings.
Design/methodology/approach
– A case study is used to illustrate how the technique works. A discussion highlighting the key features, benefits and limitations of the method is also presented along with a comparison of IBIS to other similar notations.
Findings
– IBIS is seen to help groups focus on the issues at hand, bypassing or avoiding personal agendas, personality clashes and politics.
Practical implications
– The technique can help improve the quality of communication in projects meetings. The case study highlights how the notation can assist project teams in developing a consensus on contentious issues in a structured yet flexible way.
Originality/value
– IBIS has not been widely used in project management. This note illustrates its value in helping diverse stakeholders get to a shared understanding of the issues being discussed and a shared commitment to achieving them.
Baker, E, Onyx, J & Edwards, M 2011, 'Emergence, social capital and entrepreneurship: Understanding networks from the inside', Emergence: Complexity and Organization, vol. 13, no. 3, pp. 21-38.
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Communities are a major research context for both social capital and entrepreneurship, and 'networks' is a core concept within both frameworks. There is need for conceptualizing network formation processes, and for qualitative studies of the relational aspects of networks and networking, to complement the existing mainly quantitative studies. Within complexity theory, emergence has been linked with formation of entities including networks, and with social entrepreneurship. In this paper, community networks are interpreted as an emergent dynamic process of action and interaction through an empirical case study conducted in an urban community setting. Interviews were conducted with experiential experts at networking. The study was designed within a social capital framework, but frequent reporting of entrepreneurship prompted additional analysis. Practical and theoretical implications of the network study findings are examined in light of the three frameworks together, and further empirical studies are suggested.
Bardon, T & Josserand, E 2011, 'A Nietzschean reading of Foucauldian thinking: constructing a project of the self within an ontology of becoming', Organization, vol. 18, no. 4, pp. 497-515.
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As influential as Michel Foucault may be in organization theory, several critics have seriously questioned the epistemological foundations of the Foucauldian philosophical project (Ackroyd and Thompson, 1995, 1999; Caldwell, 2007; Habermas, 1990; Newton, 1994, 1998; Reed, 2000; Thompson, 1993). If these remain unanswered, the Foucauldian approach could be relegated to a self-contradictory, ultra-relativist and partial reading grid of ‘reality’. In this article, we develop a Nietzschean reading of Foucault’s thinking that offers answers to these criticisms, and reinstates it as an independent philosophical project grounded in epistemological assumptions that are coherent with its ontology and methodology. Finally, we suggest that, following Nietzsche, the whole Foucauldian project can be approached as a genealogy of morals. Subsequently, we call on scholars to further explore the ‘third generation’ of Foucauldian studies which would study management practices as morals understood as an ‘art de vivre’.
Beirman, D 2011, 'The integration of emergency management and tourism', Australian Journal of Emergency Management, vol. 26, no. 3, pp. 30-34.
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Many natural disasters, crime incidents, epidemics, acts of terrorism and civil strife are either deliberately targeted at places where tourists gather or coincidentally occur in areas with high concentrations of tourists. In Australia a high proportion of international and domestic tourists are attracted to coastal areas which are vulnerable to natural disasters in the form, of floods, cyclones or sea surges. Although there is high level of informal cooperation between tourism industry businesses and government tourism authorities and emergency services this paper will explore a more formalised, structured and consultative level of cooperation between emergency service agencies and providers and the government and private sectors of the tourism industry.
Bugeja, M 2011, 'Foreign takeovers of Australian listed entities', AUSTRALIAN JOURNAL OF MANAGEMENT, vol. 36, no. 1, pp. 89-107.
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This study examines if Australian target firm abnormal returns and characteristics differ between Australian and foreign bidders. The results indicate that takeovers from foreign bidders are associated with higher target firm abnormal returns than bids from Australian firms. Overseas bidders also pay an additional premium for research-intensive target firms. Target firms that receive an offer from outside Australia are significantly larger, have lower leverage, and are more likely to operate in the resources sector. Foreign acquisitions are also more likely to be a friendly takeover. The relative exchange rate is not associated with the likelihood of a foreign takeover. There is no difference in takeover success or competition between domestic and foreign bids.
Bugeja, M 2011, 'Takeover premiums and the perception of auditor independence and reputation', The British Accounting Review, vol. 43, no. 4, pp. 278-293.
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This study investigates if there is a positive association between takeover premiums and the bidders perception of target firm auditor reputation and independence. Using auditor size as a proxy for auditor reputation, the results indicate that in hostile takeovers target shareholders receive a higher takeover premium when a Big 4 auditor audits the target firm prior to the takeover. This result is only significant, however, in the period prior to the highly publicised audit failures. The impact of perceived auditor independence on takeover premiums is studied using the levels and size of non-audit service (NAS) fees provided by the target firm auditor. Using three proxies for auditor independence, the results show no association between perceived auditor independence and takeover premiums. This finding is robust to partitioning the sample by auditor size, takeover hostility and splitting the sample into takeovers pre- and post- the corporate scandals that occurred in 2002.
Cairns, J & Slonim, R 2011, 'Substitution effects across charitable donations', Economics Letters, vol. 111, no. 2, pp. 173-175.
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Camilleri, AR & Newell, BR 2011, 'Description- and experience-based choice: Does equivalent information equal equivalent choice?', Acta Psychologica, vol. 136, no. 3, pp. 276-284.
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Camilleri, AR & Newell, BR 2011, 'When and why rare events are underweighted: A direct comparison of the sampling, partial feedback, full feedback and description choice paradigms', Psychonomic Bulletin & Review, vol. 18, no. 2, pp. 377-384.
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Carabetta, G 2011, ''Fair Work and the Future of Police Industrial Regulation in Australia'', Australian Journal of Labour Law, vol. 24, no. 3, pp. 260-260.
Carter, C, Clegg, S & Wåhlin, N 2011, 'When science meets strategic realpolitik: The case of the Copenhagen UN climate change summit', Critical Perspectives on Accounting, vol. 22, no. 7, pp. 682-697.
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This paper argues that the impasse over tackling climate change at the 2009 climate change summit is a result of the outcome of the prevailing power and politics at the summit. The paper discusses the sociological literature on power and notes that the f
Carter, L, Murray, P & Gray, D 2011, 'The Relationship between Interpersonal Relational Competence and Employee Performance: A Developmental Model', The International Journal of Interdisciplinary Social Sciences: Annual Review, vol. 6, no. 3, pp. 213-230.
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Cekauskas, K, Gerasimovs, R, Liatukas, V & Putniņš, TJ 2011, 'The Effects of Market Makers and Stock Analysts in Emerging Markets', International Review of Finance, vol. 12, no. 3, pp. 305-327.
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We exploit a quasi-experiment to examine the effects of market makers and stock analysts in three emerging stock markets. We find substantial differences in the effects across markets, and in contrast to existing literature, the effects of market makers are not always positive. Our results suggest that the structure of market makers' agreements and compensation matters for their effects on market quality. Stock analysts, on balance, have marginally positive effects on liquidity and informational efficiency. The benefits of market makers are weaker in the presence of stock analysts, and vice versa, suggesting that market makers and stock analysts are more like substitutes than complements in their effects on market quality.
Chan, H, Faff, R, Hill, P & Scheule, H 2011, 'ARE WATCH PROCEDURES A CRITICAL INFORMATIONAL EVENT IN THE CREDIT RATINGS PROCESS? AN EMPIRICAL INVESTIGATION', Journal of Financial Research, vol. 34, no. 4, pp. 617-640.
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The Boot, Milbourn, and Schmeits (2006) model (Boot model) predicts certain credit rating events are likely to be more informative than others and that credit watch procedures are an important driver of such differences. We test the core empirical predictions of their model. Our sample comprises U.S. corporate issuer credit ratings provided by Moodys, 19902006. Our findings fail to uncover compelling evidence for the empirical predictions of the Boot model in relation to the role of watch procedures as coordinating mechanisms. Rather, our findings are more supportive of the view that rating agencies are always at an informational advantage relative to investors.
Charki, MH, Josserand, E & Charki, NB 2011, 'Toward an Ethical Understanding of the Controversial Technology of Online Reverse Auctions', Journal of Business Ethics, vol. 98, no. 1, pp. 17-37.
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B2B online reverse auctions technology (ORAs) emerged as a popular tool for large buying firms in the late 1990s. However, its growing use has been accompanied by a corresponding increase in unethical behaviors to a point that it has been described as the technology that has triggered more ethical concerns in the e-commerce arena than in any other segment of activity. Our findings first indicate that the establishment of formal ethical criteria based on the restrictive interpretation of ethics as honesty is not enough to resolve the ethical issues that surround the introduction of a technology because it ignores the ethical values shared by most actors in the sector in terms of fairness. We show the extent to which lobbying, rumor, technical problems, and public discourse can impact on the interpretations of the technology regarding ethics. Highlighting the importance of incorporating ORAs into the broader context of relationship management that integrates ethics as fairness and not only ethics as honesty serves to illustrate why the future of ORAs might not be as bright as predicted by a theoretical interpretation of the technology that is sometimes disconnected from the realities of the field.
Chelliah, J & Clarke, E 2011, 'Collaborative teaching and learning: overcoming the digital divide?', On the Horizon, vol. 19, no. 4, pp. 276-285.
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PurposeThis paper aims to examine pedagogical issues in higher education as a result of the shift to a social networking society where Web 2.0 collaborative technologies increase user creativity, contributing to unique forms of communication and community building that support a “social constructivism”. In this context, it is becoming clear that traditional pedagogical models cannot be sustained into the future. Engaging the digital generation of students in a learning process that emphasizes creation of skill sets that match views on twenty‐first‐century learning skills (problem solving, self‐regulated learning, collaboration, sharing ideas, focus on learning etc.) as well as views on 21st‐century employability skills (communication, collaboration, creativity, leadership and technology proficiency, etc.) is the new imperative. This paper seeks to identify related pedagogical challenges and to provide some recommendations for higher education institutions towards tackling these challenges.Design/methodology/approachA literature review of the opportunities presented by emerging Web 2.0 technologies and critical assessment of the challenges in addressing the transformation of pedagogical needs is the approach taken in this paper.FindingsEmerging Web 2.0 technologies are pervading higher education and have the potential to trigger learning innovation and enhance teaching and learning. However, technologies are and remain tools and cannot by themselves generate innovation, nor realize many educators' vision for technology to improve education. Technology by itself cannot change the nature of classroom instruction unless educators are able to...
Chiarella, C & Di Guilmi, C 2011, 'The financial instability hypothesis: A stochastic microfoundation framework', JOURNAL OF ECONOMIC DYNAMICS & CONTROL, vol. 35, no. 8, pp. 1151-1171.
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This paper examines the dynamics of financial distress and in particular the mechanism
of transmission of shocks from the financial sector to the real economy. The analysis is
performed by representing the linkages between microeconomic financial variables and
the aggregate performance of the economy by means of a microfounded model with
firms that have heterogeneous capital structures. The model is solved both numerically
and analytically, by means of a stochastic approximation that is able to replicate quite
well the numerical solution. These methodologies, by overcoming the restrictions
imposed by the traditional microfounded approach, enable us to provide some insights
into the stabilization policies which may be effective in a financially fragile system.
Chiarella, C, Maina, SC & Sklibosios Nikitopoulos, C 2011, 'Credit Derivative Pricing with Stochastic Volatility Models', University of Technology Sydney Quantitative Finance Research Centre Research Paper, vol. 16, no. 293, pp. 1-28.
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This paper proposes a model for pricing credit derivatives in a defaultable HJM framework. The model features hump-shaped, level dependent, and unspanned stochastic volatility, and accommodates a correlation structure between the stochastic volatility, the default-free interest rates, and the credit spreads. The model is finite-dimensional, and leads (a) to exponentially affine default-free and defaultable bond prices, and (b) to an approximation for pricing credit default swaps and swaptions in terms of defaultable bond prices with varying maturities. A numerical study demonstrates that the model captures stylized various features of credit default swaps and swaptions Read More: http://www.worldscientific.com.ezproxy.lib.uts.edu.au/doi/abs/10.1142/S0219024913500192
Clegg, S, Dany, F & Grey, C 2011, 'Introduction to the Special Issue Critical Management Studies and Managerial Education : New Contexts ? New Agenda ?', M@n@gement, vol. 14, no. 5, pp. 272-272.
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Collins, J, Reid, C & Fabiansson, C 2011, 'Identities, Aspirations and Belonging of Cosmopolitan Youth in Australia', Cosmopolitan Civil Societies: An Interdisciplinary Journal, vol. 3, no. 3, pp. 92-107.
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This article presents the results of a survey of the attitudes, aspirations and belonging of mainly immigrant minority youth living in Western and south western Sydney conducted in 2007 to provide some evidence to contest the populist view of immigrant youth as being a threat to Australian society. Rather the survey points to the very positive aspirations of Sydney’s immigrant youth, their strong sense of having a positive future role in Australian society, their sense of belonging and ownership of their neighbourhood. They live connected lives, with multicultural friendship networks rather than living their lives parallel to and separate from other youth. Only one in three surveyed identify as ‘Australian’, with most offering some hybrid-Australian identity. This finding worried the Australian government, who did not give publication approval of the research until late 2010. The paper argues that a more cosmopolitan approach to multiculturalism would assist in valuing the globalised, fluid, hybrid identities of immigrant youth and assist in relieving the nationalist anxieties about Australian cultural, linguistic and cultural diversity.
Comerton-Forde, C, Putniņš, TJ & Tang, KM 2011, 'Why Do Traders Choose to Trade Anonymously?', Journal of Financial and Quantitative Analysis, vol. 46, no. 4, pp. 1025-1049.
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AbstractThis paper examines the use, determinants, and impact of anonymous orders in a market where disclosure of broker identity in the trading screen is voluntary. We find that most trading occurs nonanonymously, contrary to prior literature that suggests liquidity gravitates to anonymous markets. By strategically using anonymity when it is beneficial, traders reduce their execution costs. Traders select anonymity based on various factors including order source, order size and aggressiveness, time of day, liquidity, and expected execution costs. Finally, we report how anonymous orders affect market quality and discuss implications for market design.
Cotton, D & Trück, S 2011, 'Interaction between Australian carbon prices and energy prices', Australasian Journal of Environmental Management, vol. 18, no. 4, pp. 208-222.
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The aim of carbon trading is to encourage reduction in greenhouse gas emissions by rewarding the production of power through green sources and penalising power produced by the higher-emitting sources. This article investigates the longterm interaction between carbon permit prices of the two most heavily traded Australian carbon trading schemes with electricity prices using a structural cointegrated vector autoregression model. This is analysed over two consecutive periods to determine if the scheme effectiveness changes over time. The analysis indicates that only in the second, or most recent, period do carbon prices relate to electricity prices. Our results indicate that some problems with the design of the current schemes, however, do provide some promise of an improvement more recently.
Craig, L & Siminski, P 2011, 'If Men Do More Housework, Do Their Wives Have More Babies?', Social Indicators Research, vol. 101, no. 2, pp. 255-258.
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We analyze data from the Household, Income and Labour Dynamics in Australia (HILDA) survey waves 1–6, to investigate whether the housework and childcare contributions of coupled Australian men with one child affect the likelihood that their wives will have a second child. We find no evidence that the way housework or childcare is shared has an effect, nor that the amount of men’s contribution to housework or childcare has an effect. In addition, the effect of men’s housework and childcare time on fertility does not appear to be mediated through its effect on their wives’ housework and childcare.
Cunha, MPE, Rego, A & Clegg, S 2011, 'Beyond addiction: Hierarchy and other ways of getting strategy done', European Management Journal, vol. 29, no. 6, pp. 491-503.
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Hierarchy is habitually presented as the right organizational infrastructure through which to deploy and achieve strategy. We analyze the strategy process, specifically the strategy/execution debate, from the perspective of hierarchy, and contrast the hierarchical mode where top management dominates by separating strategy/ formulation and execution with three alternative modes where the power circuits of strategy extend beyond the managerial elite and are shared by several strategic agents. These three possibilities are: (1) the porous hierarchical mode, in which the hierarchs/higher-ups transfer part of the power for shaping and informing the strategy to the base of the organization; (2) the distributed mode, in which the hierarchs have no direct influence but rather indirect moral authority over execution, and (3) the strategy as simple rules mode, in which strategy/execution is taken as a single iterative process where strategy evolves on the basis of a minimal structure that facilitates strategic interaction and prevents hierarchical control from stifling adaptation.
Cunha, MPE, Rego, A & Clegg, S 2011, 'Pol Pot, alias Brother Number One: Leaders as instruments of history', Management & Organizational History, vol. 6, no. 3, pp. 268-286.
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Pol Pot is one twentieth century leader with a specific place in history as the orchestrator of one of that century's many significant genocides. As the commander of the deadly Khmer Rouge, he orchestrated the genocide perpetrated in Cambodia between 197
Darcy, S 2011, 'Developing Sustainable Approaches to Accessible Accommodation Information Provision: A Foundation for Strategic Knowledge Management', Tourism Recreation Research, vol. 36, no. 2, pp. 141-157.
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The research consistently shows that the constraints to accessible accommodation identified by people with disability are firmly grounded in information provision. Information is the foundation on which people make their travel planning decisions and the provision of detailed and accurate accessible accommodation information is critical to the decision-making process for people with disability. To improve upon this current situation, this paper seeks to make the connection between accessible tourism, consumer needs, supply-side perspectives, government regulation/ coordination, sustainability, accessible accommodation information provision and strategic knowledge management. First, demand research is examined to understand the specific constraints identified by consumers with disability and the specific accommodation criteria they seek when planning their trips. Second, the paper presents a summary of the supply-side research that presents the industry perspective on the consumer group and their accessible accommodation stock. Third, as with any tourism market development government regulation and coordination have very important roles to play brokering an industry-wide approach to accessible tourism. While tourism has been predominantly a market-driven sector with government support for infrastructure and marketing, an avenue to improve accessible accommodation information provision can be fostered through their coordination role to offer a more sustainable approach for consumers and the supply sector while progressing human rights outcomes. The paper concludes by presenting a case study of an Accessible Accommodation Assessment Template as a foundation to information provision on which to base a strategic knowledge management framework.
Darcy, S & Pegg, S 2011, 'Towards Strategic Intent: Perceptions of disability service provision amongst hotel accommodation managers', International Journal of Hospitality Management, vol. 30, no. 2, pp. 468-476.
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The tourism sector globally has become increasingly mindful of how an ageing population is reshaping service provision forms and offerings. This being particularly true of accommodation operations where there is a now a growing recognition of the commercial value for providing market groups with exceptional service. With this in mind, this study sought to ascertain the perceptions of managers in the accommodation sector towards disability service provision with a view to identifying any current service gaps or failings. An inductive, qualitative approach was used with the data collection phase incorporating a series of one on one interviews and a focus group. The in-depth interviews were conducted with 10 managers of hotels deemed to have accessible rooms that complied with the relevant building codes and standards. A focus group comprised 22 managers of hotels located in the Sydney central business district, Australia. Study findings revealed five key themes that had not been previously discussed in the literature. They were: inclusive attitudinal approach; safety; the responsibility of people with a disability to communicate their needs to the hotel; perceptions of accessible rooms by the general public; and operational processes. Related themes that emerged from the data analysis that had previously been aligned with the literature included: legislative responsibility, policy and building codes; disability as a market segment; staff awareness/training; and language, marketing, and promotion information. Implications with respect to management of accessible rooms in the accommodation sector are outlined and further areas of research are proposed.
Delavande, A & Rohwedder, S 2011, 'Differential Survival in Europe and the United States: Estimates Based on Subjective Probabilities of Survival', Demography, vol. 48, no. 4, pp. 1377-1400.
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Abstract
Cross-country comparisons of differential survival by socioeconomic status (SES) are useful in many domains. Yet, to date, such studies have been rare. Reliably estimating differential survival in a single country has been challenging because it requires rich panel data with a large sample size. Cross-country estimates have proven even more difficult because the measures of SES need to be comparable internationally. We present an alternative method for acquiring information on differential survival by SES. Rather than using observations of actual survival, we relate individuals’ subjective probabilities of survival to SES variables in cross section. To show that subjective survival probabilities are informative proxies for actual survival when estimating differential survival, we compare estimates of differential survival based on actual survival with estimates based on subjective probabilities of survival for the same sample. The results are remarkably similar. We then use this approach to compare differential survival by SES for 10 European countries and the United States. Wealthier people have higher survival probabilities than those who are less wealthy, but the strength of the association differs across countries. Nations with a smaller gradient appear to be Belgium, France, and Italy, while the United States, England, and Sweden appear to have a larger gradient.
Delavande, A & Rohwedder, S 2011, 'Individuals' uncertainty about future social security benefits and portfolio choice', Journal of Applied Econometrics, vol. 26, no. 3, pp. 498-519.
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AbstractLittle is known about the degree to which individuals are uncertain about their future Social Security benefits, how this varies within the US population, and whether this uncertainty influences financial decisions related to retirement planning. To illuminate these issues, we present empirical evidence from the Health and Retirement Study Internet Survey and document systematic variation in respondents' uncertainty about their future Social Security benefits by individual characteristics. We find that respondents with higher levels of uncertainty about future benefits hold a smaller share of their wealth in stocks. Copyright © 2011 John Wiley & Sons, Ltd.
Delavande, A, Giné, X & McKenzie, D 2011, 'Eliciting probabilistic expectations with visual aids in developing countries: how sensitive are answers to variations in elicitation design?', Journal of Applied Econometrics, vol. 26, no. 3, pp. 479-497.
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AbstractEliciting subjective probability distributions in developing countries is often based on visual aids such as beans to represent probabilities and intervals on a sheet of paper to represent the support. We conduct an experiment in India which tests the sensitivity of elicited expectations to variations in three facets of the elicitation methodology: the number of beans, the design of the support (predetermined or self‐anchored), and the ordering of questions. Our results show remarkable robustness to variations in elicitation design. Nevertheless, the added precision offered by using more beans and a larger number of intervals with a predetermined support improves accuracy. Copyright © 2011 John Wiley & Sons, Ltd.
Delavande, A, Giné, X & McKenzie, D 2011, 'Measuring subjective expectations in developing countries: A critical review and new evidence', Journal of Development Economics, vol. 94, no. 2, pp. 151-163.
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Deroy, X & Clegg, S 2011, 'When events interact with business ethics', Organization, vol. 18, no. 5, pp. 637-653.
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The article analyses the dynamics of the interaction between events and business ethics within organizations. Events comprise those unpredictable things that happen. When they do, organizationally embedded managers will be responsible for making sense of these events. By being responsible, they are enacting ethics in the choices that they make for dealing with them. Events always raise ethical considerations because they are non-routine rather than a strict repetition of existing repertoires. Under certain circumstances, which we illustrate with a theory of the event, drawing on the work of Gilles Deleuze, we are able to investigate the de/institutionalizing of ethics theoretically. We draw on the new economic sociology to discuss the conditions of ethical and event de/institutionalization. Finally, we conceptualize the linkage between micro and macro dimensions framing the dynamics of business ethics in interaction with events.
Docherty, P 2011, 'Keynes's Analysis of Economic Crises and Monetary Policy in theGeneral Theory: Its Relevance after 75 Years', Review of Political Economy, vol. 23, no. 4, pp. 521-535.
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This paper argues that Keyness treatment of economic fluctuations and monetary policy in the General Theory is still relevant after 75 years. His treatment of severe economic crises provides considerable insight into the possibility of crises emanating from financial markets, and for understanding how financial disturbances may have real economic effects. Keyness insights into the potential limitations of using monetary policy to deal with periods of crisis and how these limitations may be addressed are also shown to be relevant to the recent global financial crisis. The paper also argues that the General Theory has insights to offer on the use of Taylor rules and on the possibility of addressing persistent unemployment.
Dowling, G & Weeks, W 2011, 'Media analysis: what is it worth?', Journal of Business Strategy, vol. 32, no. 1, pp. 26-33.
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PurposeNow more than ever, businesses need to understand what the media is saying about them. The authors describe three types of media analysis: salience and sentiment analysis; theme and contradiction analysis; and problem and solution analysis, the first two of which are routinely commissioned by many companies. Using four case studies the authors describe how problem and solution analysis can be used to save costs and increase revenues.Design/methodology/approachFour case studies are used to illustrate the financial value that problem and solution media analysis can play in understanding and solving a range of business problems.FindingsThe authors show how the analysis of media commentary helped a public company to identify its most influential investment commentators; helped an appliance manufacturer to change its sales force compensation scheme; helped a financial services company to position its IPO; and helped an internet‐based share trading company to understand some conflicting research results. The financial value of these outcomes often far exceeded the price paid.Originality/valueThe authors compare and contrast three styles of media analytics. The review suggests that the problem and solution analysis technique is novel and financially valuable in situations where media coverage creates problems.
Dowling, GR & Otubanjo, T 2011, 'Corporate and organizational identity: two sides of the same coin', AMS Review, vol. 1, no. 3-4, pp. 171-182.
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Many researchers have expressed frustration with the current state of scholarship about corporate and organizational identity. There are multiple definitions and confusion about the antecedents and consequences of each type of identity. Also, given the amount of scholarship involving these constructs, there are surprisingly few measures of either construct. We propose that each type of identity is an important and related construct. To clarify the relationships between and among the constructs, we review their use in three literatures. We then develop a model of how the two identity constructs relate to each other to influence how stakeholders trust and engage with their chosen organizations. To guide further research, we suggest how better measures of each construct can be developed.
Dwyer, L & Forsyth, P 2011, 'Methods of estimating destination price competitiveness: a case of horses for courses?', Current Issues in Tourism, vol. 14, no. 8, pp. 751-777.
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Dwyer, L & Wickens, E 2011, 'Event Tourism and Cultural Tourism: Issues & Debates: An Introduction', Journal of Hospitality Marketing & Management, vol. 20, no. 3-4, pp. 239-245.
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Edwards, B, Taylor, M & Fiorini, M 2011, 'Who gets the 'gift of time' in Australia? Exploring delayed primary school entry', Australian Review of Public Affairs, vol. 10, no. 1, pp. 41-60.
Edwards, D & Griffin, T 2011, 'Tourist Pathways in Cities: Providing Insights into Tourists Spatial Behaviour', SSRN Electronic Journal, pp. 1-13.
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Cities are shaped by flows of people, money and goods. Amongst the people who move through cities are tourists. The types of activities and spaces within cities that satisfy a tourist’s needs are often concentrated into distinctive geographic areas – precincts – and the tourist’s experience is most commonly one of moving between these precincts in search of the city’s highlights. While the movement of tourists through cities is observable, it is complex and not well understood. Understanding tourists’ spatial behaviour can greatly assist those engaged in the management and planning of urban destinations. To address this issue, since 2007 researchers in the Urban Tourism Program at the University of Technology Sydney have been examining tourists’ spatial behaviour using GPS technology, in tandem with other methods that assist with ‘interpreting’ the spatial activity. Studies have been conducted in Sydney, Canberra, London and Melbourne. This paper provides insights into how tourists view and use the city, highlighting differences in their general patterns and range of movement in these cities.
Ellis, RB & Waller, DS 2011, 'Marketing Education in Australia before 1965', Australasian Marketing Journal, vol. 19, no. 2, pp. 115-121.
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Marketing is taught at many private colleges, technical colleges and at universities across Australia. While marketing as an academic discipline is well developed, little is known of the early days and development of marketing education. This paper will observe marketing-related subjects at correspondence schools, the first “Marketing” subject that was taught at the University of Melbourne, early attempts of marketing education by industry associations, technical colleges, and universities until 1965 when the first Chair in Marketing was established. Studying the development of marketing education over the years can provide a greater insight into the current status of marketing education.
Fam, K, Grohs, R & Waller, DS 2011, 'Effects of disliked executional techniques in advertising: A five-country comparison', Journal of Consumer Satisfaction, Dissatisfaction and Complaining Behavior, vol. 24, pp. 69-89.
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This study analyzes Asian consumers' attitudes towards disliked television commercials to provide an insight into the construct of advertising dislikeability. Dislikeability is an important concept because if certain attributes of an advertisement are disliked, this can lead to potential customers disliking the brand, being dissatisfied with the advertiser, complaining about the advertisement, and/or refusing to purchase the advertised product. A total of 1,000 people were questioned in five Asian cities (Hong Kong, Shanghai, Jakarta, Bangkok and Mumbai) using telephone interviews. The study reveals seven dislike attributes: bad style of the ad, meaningless storyline, ugly or stupid characters, exaggerating product effectiveness, irresponsible or misleading content, scary or violent characters/settings, and hard-sell approaches. Findings from this study show that there is a close relationship between disliking television advertising and purchase intention. Additionally, the importance of the seven dislikeability dimensions differs between cities and product categories. Managerial implications are offered for organizations advertising in Asia.
Farook, S, Lanis, R & Hassan, KM 2011, 'Determinants of Corporate Social Responsibility Disclosure: The Case of Islamic Banks', Journal of Islamic Accounting and Business Research, vol. 2, no. 2, pp. 114-141.
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Purpose The purpose of this paper is to develop and test a theoretical model of the determinants of Islamic banks social disclosures. In testing the hypotheses, the level of social disclosure in Islamic banks annual reports is gauged based on a benchmark derived from Islamic principles.
Fee, A & Gray, SJ 2011, 'Fast-tracking expatriate development: the unique learning environments of international volunteer placements', The International Journal of Human Resource Management, vol. 22, no. 3, pp. 530-552.
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International volunteering has traditionally been viewed as a pursuit that, while admirable, provided little benefit for the volunteer beyond altruistic satisfaction. Yet several recent studies suggest that an international volunteer placement can fast-track the development of valuable global skills and capabilities. To date, no research has offered a systematic explanation for this. This article presents a framework that outlines the unique mechanisms of international volunteer placements that contribute to them being fertile learning environments for expatriates. In doing so, it draws on evidence from a longitudinal study of the learning experiences of a sample of international volunteers from Australia and New Zealand.
Fee, A, McGrath-Champ, S & Yang, X 2011, 'Expatriate performance management and firm internationalization: Australian multinationals in China', Asia Pacific Journal of Human Resources, vol. 49, no. 3, pp. 365-384.
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This paper presents the results of an empirical study exploring the expatriate performance management systems of 16 Australian multinational firms operating in China. The results show that highly internationalized firms tend to be better at deploying the `hard components of performance management (goal-setting and performance appraisals), and yet most firms, and in particular highly internationalized ones, are poor at managing `soft control mechanisms like training and mentoring. The results give some support for the notion that expatriate performance management takes on increased importance as a firm's international operations become more dispersed; however, it also suggests a lack of appreciation of the value of soft control mechanisms in achieving this. The study contributes to international human resource management literature by identifying the relationship between the degree of internationalization of firms and the nature of expatriate performance management.
Ferguson, A & Scott, T 2011, 'Market reactions to Australian boutique resource investor presentations', Resources Policy, vol. 36, no. 4, pp. 330-338.
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This paper examines the market reactions to 817 investor presentations by 326 Australian resource firms and finds evidence suggesting these events are informative. Furthermore, the positive returns do not reverse over the following 15 days, which contrasts with previous investor presentation research. However, consistent with the prior literature, extended long run cumulative abnormal returns are not significantly different from zero. This paper also documents stronger reactions to first time presenting firms, presentations that are announced to the market and firms exhibiting at the Africa Downunder and Excellence in Oil & Gas conferences. There are also stronger reactions for firms with lower ownership concentration. Examining boutique resource firm investor presentations adds to the existing disclosure and dissemination literature due to the presence of relatively high information asymmetry in the extractive industries, a unique setting, which contrasts with previous studies.
Ferguson, A, Clinch, G & Kean, S 2011, 'Predicting the Failure of Developmental Gold Mining Projects', Australian Accounting Review, vol. 21, no. 1, pp. 44-53.
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This paper investigates firm-level financial and non-financial information and their association with project failure for a sample of pre-production gold development firms. Pre-revenue generating `single project mining companies are chosen, since project failure is synonymous with company failure for these firms. The setting is interesting due to the high information asymmetry and limitations of the GAAP-based Altman Z-score in this context. A definition of project failure is applied and both financial and non-financial predictors are compared. Failure is driven by whether the deposit is open pit or underground, and whether the cash cost of production is disclosed at feasibility completion.
Ferguson, A, Grosse, M, Kean, S & Scott, T 2011, 'Your Governance or Mine?', AUSTRALIAN ACCOUNTING REVIEW, vol. 21, no. 4, pp. 406-417.
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In response to criticism directed at the resource sector's corporate governance, this paper examines the corporate governance and underlying firm characteristics of resource development stage entities (DSEs) relative to a size-matched sample of non-resource firms. We find that resource DSEs have different governance characteristics in the measures of board independence, chair/CEO duality and CEO cash bonuses. Furthermore, there are differences in the information environment measures of analyst following, debt levels, stock market return and stock turnover. Considering we document substantial differences in underlying firm characteristics, corporate governance differences are likely appropriate to the mining industry and should not be uniformly labelled as 'bad~ Our results suggest that media rankings based on corporate governance scores may not accurately portray the resource sector. Overall, our results are of interest to Australian investors and regulators and contribute to a broader understanding of contextually contingent corporate governance.
Field, J & Chelliah, J 2011, 'Australian firms fail to keep pace with rapid industrial‐relations reforms', Human Resource Management International Digest, vol. 19, no. 3, pp. 35-38.
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PurposeThis paper aims to highlight the difficulties faced by employers in complying with a quick succession of industrial‐relations legislation changes in Australia in recent times.Design/methodology/approachThe paper draws on the results of a field survey of 352 Australian organizations undertaken between August and December 2009. The survey was completed by businesses in every state and territory in Australia except the Northern Territory. Collectively, the organizations surveyed employed more than 100,000 staff.FindingsThe paper reveals that the major challenge for most businesses appears to be the ability to maintain an effective human resources (HR) infrastructure to cope with the pace of industrial relations legislation changes in recent times.Practical implicationsThe paper gives an insight into the level of risk that Australian employers face as a result of legislative non‐compliance. It guides managers and HR specialists in assessing the exposure of their organizations/clients to the risks identified.Social implicationsThe paper reveals that a significant proportion of Australian businesses are failing to comply with the provisions of recent industrial‐relations legislation.Originality/valueThe paper focuses on organizational awareness and preparedness to undertake cha...
FINGLETON, B & BADDELEY, MC 2011, 'GLOBALISATION AND WAGE DIFFERENTIALS: A SPATIAL ANALYSIS*', The Manchester School, vol. 79, no. 5, pp. 1018-1034.
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Fujita, Krugman and Venables (FKV) develop a model in which international wage differentials encourage industrial mobility. We argue that globalization has another important dimension. Shocks may originate in a single country but, with modern transportation and telecommunications media, shocks spread quickly and with multiple shocks complex spillovers will be generated. We assess these forces in an analysis of international wage convergence, identifying a non‐linear relationship and showing that not all countries converge. Given that the FKV model omits many of the causes of non‐convergence, our evidence further demonstrates that the FKV model could usefully be extended.
Finn, J, Mukhtar, VY, Kennedy, DJ, Kendig, H, Bohle, P & Rawlings-Way, O 2011, 'Financial Planning for Retirement Village Living: A Qualitative Exploration', Journal of Housing For the Elderly, vol. 25, no. 2, pp. 217-242.
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This Australian exploratory study investigates the financial considerations retirees experienced before moving into a retirement village. A qualitative content analysis was undertaken on the responses of 52 retirement village residents, who were part of a much larger study on retirees' accommodation choices in 2007. The respondents were grouped according to income, and the results were compared across the following groups (self-funded retirees, partpension retirees, and full-pension retirees). Differences between the groups extended beyond affordability. Both pension groups were more anxious about the increasing costs of maintenance fees than self-funded retirees, and the importance of pensions and superannuation was also discussed. © Taylor & Francis Group, LLC.
Fleming, P & Sturdy, A 2011, '‘Being yourself ’ in the electronic sweatshop: New forms of normative control', Human Relations, vol. 64, no. 2, pp. 177-200.
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This article extends research about high-commitment management practices in tightly controlled work environments typified by the call centre. One promising research avenue suggests that normative management systems in such contexts, involving ‘fun’ exercises and culture programmes, etc., are more about distracting employee attention away from other, more taxing controls. This article develops such an approach by exploring the specific nature and conditions of such distraction. An empirical study of a call centre in which employees were encouraged to ‘ just be themselves’ (in relation to lifestyle differences, sexuality, diverse identities, etc.) reveals how the distractions are partly informed by the dysfunctions of existing technical, bureaucratic and conventional cultural controls, all of which homogenize workers. Furthermore, the new regime not only serves to distract employees, but proves instrumental in capturing their sociality, energy and ‘authentic’ or ‘non-work’ personalities as emotional labour. At the same time, it gives rise to some contestation and less individualistic forms of authenticity. These outcomes have wider implications for our understanding of worker autonomy in and around hybrid control systems.
Frawley, S & Cush, A 2011, 'Major sport events and participation legacy: the case of the 2003 Rugby World Cup', Managing Leisure, vol. 16, no. 1, pp. 65-76.
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Internationally, the past three decades has seen a significant growth in the staging of major sport events (Cashman, 2006). These events are staged by host organizers and supported by governments for many varied reasons. One rationale often provided by governments to justify their investment in such events is that they will encourage their population to become more physically active through sport participation. The purpose of this paper is to explore the impact hosting major sport events has on sport participation for a host nation. To address this research question, a recent major sport event hosted in Australia, namely the 2003 Rugby World Cup, is investigated. The findings from the study suggest that the sport of rugby witnessed an increase in sport registrations following the staging of the event. The increase, however, was substantially greater for the junior rugby category than the senior rugby category.
Garbarino, E, Slonim, R & Sydnor, J 2011, 'Digit ratios (2D:4D) as predictors of risky decision making for both sexes', Journal of Risk and Uncertainty, vol. 42, no. 1, pp. 1-26.
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Georgakis, S, Wilson, R & Hu, X 2011, 'Addressing the Teaching and Learning Challenges of ‘Service Courses’: A Case Study of Pedagogical Reform and Innovation', The International Journal of Learning: Annual Review, vol. 18, no. 1, pp. 233-244.
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Glover, K, Peskir, G & Samee, F 2011, 'The British Russian Option', STOCHASTICS-AN INTERNATIONAL JOURNAL OF PROBABILITY AND STOCHASTIC REPORTS, vol. 83, no. 4-6, pp. 315-332.
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Following the economic rationale of the British put and call option, we present a new class of lookback options (by first studying the canonical 'Russian' variant) where the holder enjoys the early exercise feature of American options, whereupon his payoff (deliverable immediately) is the 'best prediction' of the European payoff under the hypothesis that the true drift of the stock price equals a contract drift. Inherent in this is a protection feature which is key to the British Russian option. Should the option holder believe the true drift of the stock price to be unfavourable (based upon the observed price movements) he can substitute the true drift with the contract drift and minimize his losses. The practical implications of this protection feature are most remarkable as not only is the option holder afforded a unique protection against unfavourable stock price movements (covering the ability to sell in a liquid option market completely endogenously), but also when the stock price movements are favourable he will generally receive high returns. We derive a closed-form expression for the arbitrage-free price in terms of the rational exercise boundary and show that the rational exercise boundary itself can be characterized as the unique solution to a nonlinear integral equation. Using these results, we perform a financial analysis of the British Russian option that leads to the conclusions above and shows that with the contract drift properly selected, the British Russian option becomes a very attractive alternative to the classic European/American Russian option.
Gratton, C, Rowe, N & Veal, AJ 2011, 'International Comparisons of Sports participation in European Countries: an Update of the COMPASS Project', European Journal for Sport and Society, vol. 8, no. 1-2, pp. 99-116.
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COMPASS (Coordinated Monitoring of Pmticipation in Sports) was a jointly funded initiative of the UK Sports Council, English Sports Council, and the Italian Olympic Committee (CONI), the aim of which was to examine existing systems for the collection and analysis of sports participation data in European countries with a view to identifying ways in which harmonisation may be achieved, so that greater comparability of data from different European countries would become possible. The COMPASS report (UK Sport, Sport England and CONI, 1999) was published in 1999 and provided comparative data on sports participation for seven European countries, Finland, Sweden, the Netherlands, UK, Ireland, Italy and Spain. The comparisons were made using an analytical framework that categorised participation into seven participation groups related to intensity of participation, club membership and whether participation was competitive or not. Despite the difficulties in making cross-national comparisons in sports participation across European countries, the COMPASS report has shown that there is evidence of an emerging European profile of sports participation. This paper attempts to build on the original COMPASS results and analyse what lessons can be learned for making comparisons of sports participation across European countries today.
Gray, DM 2011, 'The application of self-directed learning in a marketing strategy capstone course', International Journal of Learning and Change, vol. 5, no. 3/4, pp. 271-271.
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Gray, DM & Bean, B 2011, 'Can Social Marketing Segmentation Initiatives Be Used to Increase Household Electricity Conservation?', Journal of Nonprofit & Public Sector Marketing, vol. 23, no. 3, pp. 269-305.
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Guido, R, Pearl, J & Walsh, K 2011, 'Market timing under multiple economic regimes', Accounting & Finance, vol. 51, no. 2, pp. 501-515.
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Hafalir, IE & Yektaş, H 2011, 'Selling goods of unknown quality: forward versus spot auctions', Review of Economic Design, vol. 15, no. 3, pp. 245-256.
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Harrison, B 2011, 'Embedding Graduate Skills - High-achieving Students:Workshop Model', Asian Social Science, vol. 7, no. 4, pp. 52-60.
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This paper investigates a unique program developed at Macquarie University entitled the "Aspiring Professionals Program". The program's aim is to attract high-achieving students and to assist these students with the transition between university and their first job. In particular, this paper addresses the skills that graduates are frequently lacking, as reported by both recruiting organizations and in the literature. The particular needs of high-achieving students are considered, as well as the residential workshop method within which the program operates. The curriculum content and delivery are described and the results from the initial year are documented. In conclusion, plans to update and improve the program are considered.
Helin, S, Jensen, T, Sandström, J & Clegg, S 2011, 'On the dark side of codes: Domination not enlightenment', Scandinavian Journal of Management, vol. 27, no. 1, pp. 24-33.
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In this paper, we show how a middle manager interprets the action of two employees as problematic and how he solves it by using the company's code of ethics as the basis for firing them. Our telling of the story unmasks a darker side of codes and we conceptualize it in terms of power and domination. The paper contributes to the literature on corporate codes of ethics (CCEs) and corporate ethics programs by showing that such codes need not necessarily play an enabling role in organizations. Rather than being instruments of enlightenment and self-regulation, they may be used as instruments to further domination.
Ho, HD, Ganesan, S & Oppewal, H 2011, 'The Impact of Store-Price Signals on Consumer Search and Store Evaluation', Journal of Retailing, vol. 87, no. 2, pp. 127-141.
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Hossan Chowdhury, M 2011, 'Ethical issues as competitive advantage for bank management', Humanomics, vol. 27, no. 2, pp. 109-120.
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PurposeEthics have always played a crucial role in the realm of business and commerce. This paper aims to extract the principle factors of ethical practices to develop a model for competitive advantage in banking and to show the relation between ethical practice and customer satisfaction and the linked reason for satisfaction as a tool for competitive advantage.Design/methodology/approachBased on the literature review, ethical issues in banking have been identified as a foundation work. Then an empirical study using survey research has been completed. The survey questionnaire has been designed using the literature and pilot survey input. Factor analysis has been conducted to derive ethical factors for competitive advantage from the survey data, which included 186 responses. χ2 tests were also carried out to show the linked relationship between ethical practice, customer satisfaction and reason for satisfaction.FindingsFrom the analysis, two principle factors have been extracted: the cost leveraging factor; and the value leveraging factor which lead to competitive advantage. More over, it also revealed that high ethical practice results in high customer satisfaction and performance.Practical implicationsThis study develops a guideline of competitive advantage for bank management through ethical practice.Originality/valueThe paper extracts how ethical factors create competitive advantage in banking and the linked reason of ethical practice and performance of banks which h...
Hunt, B & Terry, C 2011, 'Australian equity warrants: Are retail investors getting a fair go?', JASSA, vol. 2, no. 4, pp. 48-54.
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The AS X has two functionally similar markets for contingent equity contracts - a warrants market principally serving retail investors and an ETO market that may be used by retail and professional traders. Using pricing and volatility comparisons, this study finds that warrants are generally overpriced and are significantly dearer than their ETO equivalents. The paper recommends that short selling be allowed in the warrants market in order to reduce the pricing differentials and end the systematic exploitation of retail warrant investors by warrant issuers.
Hunter, K & Docherty, P 2011, 'Reducing variation in the assessment of student writing', Assessment & Evaluation in Higher Education, vol. 36, no. 1, pp. 109-124.
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This paper extends the literature on grader variation and the role of moderation and socialisation processes in reducing this variation. It offers a fresh categorisation of academics' assessment beliefs and expectations, and uses this categorisation to analyse the interaction between implicit and explicit expectations in relation to grader variation and socialisation processes. A combination of quantitative and qualitative data from a large class grading moderation process was used to identify the existence and character of residual implicit grader expectations, the impact of these implicit expectations in causing grader variation, and the effectiveness of socialisation in reducing the extent of variation. An effective strategy for designing and focusing socialisation processes is also outlined.
Johar, M & Maruyama, S 2011, 'Does Coresidence Improve an Elderly Parent’s Health?', UNSW Australian School of Business Research Paper, vol. 29, no. 2011, pp. 965-983.
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Johar, M & Maruyama, S 2011, 'INTERGENERATIONAL COHABITATION IN MODERN INDONESIA: FILIAL SUPPORT AND DEPENDENCE', HEALTH ECONOMICS, vol. 20, no. S1, pp. 87-104.
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Informal filial care plays an important role for elderly parents facing health challenges. Ageing, however, exacerbates the burden of filial care because the ratio of older to younger individuals is higher and disabled parents live longer. The well-being of elderly parents is even more insecure in Asian developing countries that are undergoing unprecedented ageing and drastic changes in social norms and values, whereas old-age support systems have yet to be developed. In this paper, we investigate factors that influence cohabitation decision by elderly parents and their adult children using the longitudinal Indonesian Family Life Survey (IFLS). Focusing on new cohabitation in which a parent who lives independently starts to cohabitate with a child, we conduct transition analysis to make a more convincing causal interpretation than the standard cross-sectional approach. We find that, while parental needs are important, cohabitation is influenced to a larger extent by the costs and gains of children. The elderly facing health and economic challenges are at higher risk of not receiving filial support than other elderly individuals.
Johar, M, Jones, G, Keane, M, Savage, E & Stavrunova, O 2011, 'WAITING TIMES FOR ELECTIVE SURGERY AND THE DECISION TO BUY PRIVATE HEALTH INSURANCE', HEALTH ECONOMICS, vol. 20, no. S1, pp. 68-86.
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More than 45% of Australians buy health insurance for private treatment in hospital. This is despite having access to universal and free public hospital treatment. Anecdotal evidence suggests that avoidance of long waits for public treatment is one possible explanation for the high rate of insurance coverage. In this study, we investigate the effect of waiting on individual decisions to buy private health insurance. Individuals are assumed to form an expectation of their own waiting time as a function of their demographics and health status. We model waiting times using administrative data on the population hospitalised for elective procedures in public hospitals and use the parameter estimates to impute the expected waiting time and the probability of a long wait for a representative sample of the population. We find that expected waiting time does not increase the probability of buying insurance but a high probability of experiencing a long wait does. On average, waiting time has no significant impact on insurance. In addition, we find that favourable selection into private insurance, measured by self-assessed health, is no longer significant once waiting time variables are included. This result suggests that a source of favourable selection may be aversion to waiting among healthier people.
Kattiyapornpong, U & Miller, KE 2011, 'Social Structure and Psychographic Explanations of Destination Preference of Australians' Travel to South-East Asia', ASIA PACIFIC JOURNAL OF TOURISM RESEARCH, vol. 16, no. 1, pp. 39-56.
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This research explores the relationships between social structural variables, psychographic variables and preference for travel to Asia by Australians. Differences in preference for travel to specific South-East Asian destinations, namely, Malaysia, Singapore and Thailand, are explained using psychographic explanatory variables and combinations of the social structural variables (also known as socio-demographic variables) of age, income and life stage. A large representative sample of 49,105 Australian respondents is utilized. Binary logistic regression is used to profile respondents who prefer to take a holiday in Malaysia, Singapore and Thailand for more than 3 days. This research found that age, income and life stage have significant differential and interactive effects on travel preference. The results show that social structural and psychographic variables act in different ways to constrain/enable travel preference for Asia. This means there are differences in the socio-demographic and psychographic profiles of travelers who prefer specific destinations within Asia. This information is useful for market segmentation and the development of destination marketing plans. Destination and tourism marketing managers can utilize such results to minimize the barriers to travel by particular groups. Future research directions are outlined.
Keane, M & Stavrunova, O 2011, 'A smooth mixture of Tobits model for healthcare expenditure', Health Economics, vol. 20, no. 9, pp. 1126-1153.
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AbstractThis paper develops a smooth mixture of Tobits (SMTobit) model for healthcare expenditure. The model is a generalization of the smoothly mixing regressions framework of Geweke and Keane (J Econometrics 2007; 138: 257–290) to the case of a Tobit‐type limited dependent variable. A Markov chain Monte Carlo algorithm with data augmentation is developed to obtain the posterior distribution of model parameters. The model is applied to the US Medicare Current Beneficiary Survey data on total medical expenditure. The results suggest that the model can capture the overall shape of the expenditure distribution very well, and also provide a good fit to a number of characteristics of the conditional (on covariates) distribution of expenditure, such as the conditional mean, variance and probability of extreme outcomes, as well as the 50th, 90th, and 95th, percentiles. We find that healthier individuals face an expenditure distribution with lower mean, variance and probability of extreme outcomes, compared with their counterparts in a worse state of health. Males have an expenditure distribution with higher mean, variance and probability of an extreme outcome, compared with their female counterparts. The results also suggest that heart and cardiovascular diseases affect the expenditure of males more than that of females. Copyright © 2011 John Wiley & Sons, Ltd.
Kirsch, C, Chelliah, J & Parry, W 2011, 'Drivers of change: a contemporary model', Journal of Business Strategy, vol. 32, no. 2, pp. 13-20.
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PurposeThis paper introduces a contemporary model developed by a Sydney‐based consulting firm, ChangeTracking Research. The model was developed through an initial survey of 146 companies based in 27 countries.Design/methodology/approachThe authors present a change development model which uses Hofstede's work as a foundation for understanding cross‐cultural differences in organizations from across the world and how that affects change management in these cultures. The model is informed by initial surveys of employees from 27 nationalities in 146 companies working in a variety of industries.FindingsThe paper presents a model that identifies six key drivers arising from different cultural dimensions that determine success in change management projects.Practical implicationsThe model developed in this paper introduces new knowledge of the cross‐cultural dynamics in change management projects which would prove useful to change managers throughout the world.Originality/valueThe paper presents a unique model that presents six key drivers that determine the success of change management. A subset of clusters under each driver presents an in‐depth understanding of the critical issues to be recognized and managed in differing cultural contexts.
Klettner, AL & Clarke, T 2011, 'Board Performance Evaluation Post-Financial Crisis', Keeping Good Companies, vol. 63, no. 4, pp. 200-206.
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Over the last ten years, the practice of conducting performance evaluations of boards of directors has become commonplace in large corporations. Not only is the process widely established but it is seen as an essential tool in achieving better board performance and effectiveness.
Kornberger, M & Clegg, S 2011, 'Strategy as performative practice', Strategic Organization, vol. 9, no. 2, pp. 136-162.
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This article focuses on the relation between strategy-as-practice and its power effects in the context of a strategy project ( Sustainable Sydney 2030) undertaken by the City of Sydney. The following three interrelated questions guided the enquiry: How is strategy practised? What knowledge is it based upon? And what are its power effects? Based on a detailed empirical analysis of the strategy-making process, the article charts how strategy rendered the city knowable and how performative effects of strategizing mobilized the public and legitimized outcomes of the process while silencing other voices. The article’s theoretical contribution is threefold: first, it shows that strategizing is performative, constituting its subjects and shaping its objects; second, that strategizing has to be understood as aesthetic performance whose power resides in the simultaneous representation of facts (traditionally the domain of science) and values (the realm of politics); third, and consequently, that strategy is a sociopolitical practice that aims at mobilizing people, marshalling political will and legitimizing decisions. The article concludes with reflections on five practical implications of the study.
Kornberger, M, Kreiner, K & Clegg, S 2011, 'The value of style in architectural practice', Culture and Organization, vol. 17, no. 2, pp. 139-153.
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To date, organization theory's attempts to understand architecture firms have focused by and large on debates about increasing managerialization and economization of the profession. This paper suggests an alternative approach by conceptualizing architecture as practice that does not adhere only to a narrow economic logic of value creation but also focuses on the production of aesthetic value. We will introduce the concept of style to understand how architecture practice routinely breaks routines and follows the rule of rule breaking. We will analyze architecture practice as a form of organized heresy - a hegemonic engine for the production of difference. In order to illustrate our points we will draw on qualitative empirical fieldwork with an architecture firm (synonym Earth Architects).
Lam, D, Lin, B-X & Michayluk, D 2011, 'Demand and Supply and Their Relationship to Liquidity: Evidence from the S&P 500 Change to Free Float', Financial Analysts Journal, vol. 67, no. 1, pp. 55-71.
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In the context of the switch to free-float weighting in the S&P 500 Index, this study of the effect of the availability of shares on liquidity in the medium term found cross-sectional differences in liquidity and price impact measures that gradually narrowed following each phase of the freefloat adjustment.
Lanis, R & Richardson, G 2011, 'The effect of board of director composition on corporate tax aggressiveness', JOURNAL OF ACCOUNTING AND PUBLIC POLICY, vol. 30, no. 1, pp. 50-70.
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This study considers the effect of board of director composition on corporate tax aggressiveness. Our logit regression results for a choice-based sample of 32 corporations comprising 16 tax-aggressive corporations and 16 non-tax-aggressive corporations s
Le Meunier-FitzHugh, K, Massey, GR & Piercy, NF 2011, 'The impact of aligned rewards and senior manager attitudes on conflict and collaboration between sales and marketing', Industrial Marketing Management, vol. 40, no. 7, pp. 1161-1171.
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This research was carried out using five case studies and a survey to discover how sales and marketing managers are rewarded and if alignment of rewards can improve collaboration between sales and marketing and/or reduce inter-functional conflict. In addition, it examined the role of senior managers' support for coordination on sales/marketing collaboration. The results reveal that organizations which use aligned rewards can increase sales/marketing collaboration through such reward structures, but not reduce interfunctional conflict. In addition, senior managers' support for coordination is vital, as it increases sales/ marketing collaboration, and strongly reduces inter-functional conflict. This is important because interfunctional conflict has a strong negative impact on collaboration between sales and marketing in business to business firms.
Leung, LT 2011, 'Phoning home', Forced Migration Review, vol. 38, pp. 24-25.
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The telephone is the most critical piece of technology for resettled refugees connection to family members in terms of availability and familiarity. However, it is not without challenges such as the limited communication technology choices back `home and the costs involved.
Linnenluecke, MK, Stathakis, A & Griffiths, A 2011, 'Firm relocation as adaptive response to climate change and weather extremes', Global Environmental Change, vol. 21, no. 1, pp. 123-133.
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Lock, D, Taylor, T & Darcy, S 2011, 'In the Absence of Achievement: The Formation of New Team Identification', European Sport Management Quarterly, vol. 11, no. 2, pp. 171-192.
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Motives to attend sport and form identification with sporting teams attract considerable attention in the literature. Previous research has determined that vicarious achievement is a key construct leading to attendance and identification. Conceptual and theoretical development has focused on established sport teams, and has not been inclusive of the formation of identification in a new team context. New sport teams do not have a history of achievement or well established traditions through which to attract fans, thus the constructs that influence the formation of identification with new sport teams may be conceivably different. In this study a mixed-method approach was used to explore key themes leading to the formation of new team identification with a new football team in Australia. Findings illustrated that vicarious achievement is less relevant in a new team, new league context. New team identification was characterized by a strong desire to support the sport of football in an Australian league. The home city of members and the match day occasion were also important themes in the formation of new team identification.
Maruyama, S 2011, 'Socially Optimal Subsidies for Entry: The Case of Medicare Payments to HMOs', International Economic Review, vol. 52, no. 1, pp. 105-129.
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The U.S. Medicare program has increased its spending on private Medicare plans in anticipation of larger consumer surplus and higher efficiency. To evaluate the welfare consequences of such policy interventions, I develop an empirical model with endogenous entry. Counterfactual simulation reveals the following: subsidizing HMO entry can be justified to enhance national welfare (no excessive entry); the level of price subsidies in 2008, however, is far beyond the optimal level; and the geographic inconsistency between the subsidies and the Medicare fee-for-service costs is another source of inefficiency. Resolving this geographic inconsistency significantly raises national welfare by restructuring entry
Mather, G, Denby, L, Wood, LN & Harrison, B 2011, 'Business graduate skills in sustainability', Journal of Global Responsibility, vol. 2, no. 2, pp. 188-205.
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PurposeThe purpose of this paper is to review research and strategies in Australian business education that aim to foster graduate capabilities in sustainability concepts and practices, also to present a case study of teaching practice along with ideas for future development.Design/methodology/approachThe authors report on a research project by seven Australian universities, with financial support from the Australian Learning and Teaching Council (ALTC), on how to develop and grade graduate capabilities with sustainability identified as a core graduate skill. An example is presented from the Faculty of Business and Economics of a strategy in action – the use of a case study (centred on sustainability practices at the university) to enhance the skills of merit scholars.FindingsCorporate social responsibility is a well‐established concept in business management theory, with sustainability principles emerging as a core feature. In the higher education sector, the spirit may be willing, but training in the application of these principles has been implemented as an add‐on rather than an embedded part of the curriculum. Although efforts are being made to find ways of nurturing graduate capabilities in sustainability practice, a significant obstacle is the lack of teaching models and materials. The authors offer findings from the ALTC graduate skills project as well as a case study of implementation.Originality/valueThe authors report on practical innovations in fostering business graduate skills in implementing sustainability principles, assess the utility of current education practice and present some suggestions f...
Matolcsy, Z, Tyler, J & Wells, P 2011, 'The Impact of Quasi-Regulatory Reforms on Boards and Their Committees During the Period 2001-2007', Australian Accounting Review, vol. 21, no. 4, pp. 352-364.
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This study investigates the cumulative impact of quasi-regulatory and regulatory reforms, and political pressure on board composition and sub-committees of boards over the period 2001 to 2007. Based on a sample of 450 firms listed on the Australian Stock Exchange, we find that most firms complied with the Principles of Good Corporate Governance and Best Practice by 2007. In particular, 85% of firms had an independent board and there was a significant increase in majority independent committees (audit, remuneration and nomination). While there was an increase in majority board independence, the increase in the mean level of board independence to 71% was modest. The level of compliance was highest for large firms, but the impact was largest on small firms, which changed their board composition the most. The relation between firm characteristics and board composition declined between 2001 and 2007, and changes in board composition were not able to be explained by changes in firm characteristics. If it is assumed that firms on average select their board to reflect their economic needs, this suggests that the changes in board composition may have been costly for firms.
Matthews, LR, Quinlan, M, Rawlings-Way, O & Bohle, P 2011, 'The Adequacy of Institutional Responses to Death at Work: Experiences of Surviving Families', International Journal of Disability Management, vol. 6, no. 1, pp. 37-48.
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Over 5 thousand family members and close friends of Australian workers become survivors of sudden workplace death each year. Formal responses following the death are central to surviving families' ability to adapt, yet families' experiences of these responses are unknown. This study used in-depth interviews to explore 7 surviving family members' experiences of formal workplace death mechanisms: postdeath protocols; interactions with employers, unions, media and statutory authorities; stages of legal process including coronial inquests, prosecutions by the occupational health and safety (OHS) regulator, and civil action; and outcomes of judicial proceedings. Participants identified difficulties arising from insensitive treatment by authorities, and significant bureaucratic problems, including a lack of information, communication and support. Systematic research that fully examines families' needs and identifies organisational postdeath protocols is required to advance the management of institutional responses following workplace death and thereby improve outcomes for families.
McMurray, R, Pullen, A & Rhodes, C 2011, 'Ethical subjectivity and politics in organizations: A case of health care tendering', ORGANIZATION, vol. 18, no. 4, pp. 541-561.
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Menzies, GD, Bird, RG, Dixon, PB & Rimmer, MT 2011, 'Asset Price Regulators, Unite: You Have the Macroeconomy to Win and the Microeconomic Losses are Small', Economic Record, vol. 87, no. 278, pp. 449-464.
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The global financial crisis (GFC) has rekindled debate about the desirability of governmental interference in asset markets either through the operation of policy levers, or through the chosen institutional setup. In this article, we quantify economic costs because of mispricing of real assets in the USAGE model of the USA. The microeconomic costs of misallocated capital are small. The model suggests that regulators (or central banks) who risk mispricing by influencing asset prices do so without incurring large economic costs.
Merrett, C, Tatz, C & Adair, D 2011, 'History and its racial legacies: quotas in South African rugby and cricket', Sport in Society, vol. 14, no. 6, pp. 754-777.
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South African identity has always been shaped by racial quotas; that is, divisions, assignments, allowances and allocations based on socially created ideas of race and difference. Both law and custom assigned a hierarchy which separated the rulers from the ruled, and allocated and rationed goods, services and enjoyments in all spheres of life, including sport. `Superior whites were layered above the Cape coloured people, followed by the Indian community and, lastly, the Africans, the black majority. This article looks briefly at the historical context of racial divisions and, with the downfall of apartheid, the rhetoric of an avowedly de-racialized `new South Africa. Given the chronic history of negative discrimination, it is understandable that affirmative action has become a major policy framework in the building of a post-apartheid society. But sport is a sobering example of how a domain can be `re-racialized in this quest. How does the African National Congress justify the (re)introduction into sport of a proportional or numerical quota system based on racial categories? Is there a need for demographic representativeness in white-dominated sports like cricket and rugby, but seemingly not in black-dominated soccer? Is an arithmetic quota system not merely a logical extension of the reviled racial genres and divides of previous centuries?
Mirzaei, A, Gray, D & Baumann, C 2011, 'Developing a new model for tracking brand equity as a measure of marketing effectiveness', The Marketing Review, vol. 11, no. 4, pp. 323-336.
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Moreno, D & Wooders, J 2011, 'Auctions with heterogeneous entry costs', RAND JOURNAL OF ECONOMICS, vol. 42, no. 2, pp. 313-336.
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If bidders have independent private values and homogeneous entry costs, a first- or second-price auction with a reserve price equal to the seller's value maximizes social surplus and seller revenue. We show that if entry costs are heterogeneous and private information, then the revenue-maximizing reserve price is above the seller's value, a positive admission fee (and a reserve price equal to the seller's value) generates more revenue, and an entry cap combined with an admission fee generates even more revenue. Social surplus and seller revenue may either increase or decrease in the number of bidders, but they coincide asymptotically.
Morgan, AA & Frawley, SM 2011, 'Sponsorship legacy and the hosting of an Olympic Games: The case of Sydney 2000', Journal of Sponsorship, vol. 4, no. 3, pp. 220-235.
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This study examines the sponsorship legacy experienced by the Australian Olympic Committee (AOC) after hosting the Sydney 2000 Olympic Games. (An earlier version of this paper was presented at the International Event Forum, held on the Gold Coast, Australia, in July 2009.) A multi-layered framework based on the work of Daellenbach et al. (2006) forms the basis of the analysis. Primary data were collected through in-depth interviews with 14 executives, who were associated with Olympic sponsorship and the Sydney Games. The results indicate the positive impact hosting the Games had on AOCs profile and credibility in the Australian sports industry. Conversely, the research found that AOCs post-Olympic sponsorship projections for the years 200104 were overly optimistic, with less than half of the forecast A$60m revenue stream being achieved.
Mukherjee, A & Vasconcelos, L 2011, 'Optimal job design in the presence of implicit contracts', The RAND Journal of Economics, vol. 42, no. 1, pp. 44-69.
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Nguyen, TD, Barrett, NJ & Miller, KE 2011, 'Brand loyalty in emerging markets', Marketing Intelligence & Planning, vol. 29, no. 3, pp. 222-232.
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PurposeThis paper seeks to compare some key antecedents of brand loyalty between two emerging markets: Thailand and Vietnam.Design/methodology/approachUsing a sample of 603 female consumers of international shampoo brands, including 304 consumers in Bangkok, Thailand and 299 users in Hanoi, Vietnam, a model was tested that incorporates key determinants of brand loyalty – perceived quality, brand awareness, advertising attitudes, and distribution intensity – by means of structural equation modeling.FindingsThe paper found that there are positive relationships between perceived quality and brand loyalty, between brand awareness and perceived quality, between advertising attitudes and brand awareness, and between distribution intensity and brand awareness in both markets. However, the relationship between brand awareness and brand loyalty was found only in the Vietnamese market, and the relationship between advertising attitudes and perceived quality was only found in the Thai market. Finally, no relationship between distribution intensity and perceived quality was found in either market.Research limitations/implicationsA major limitation of this study is the examination of only one concept that stands for strong brands, i.e. brand loyalty. Several other concepts, such as brand relationship quality and brand impressions, should be investigated in future research in order to compare and contrast with those found in advanced economies.Practical implicationsThe results of this study suggest that managers of international b...
Onyx, J & Leonard, RJ 2011, 'Complex systems leadership in emergent community projects', Community Development Journal, vol. 46, no. 4, pp. 493-510.
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The literature on community development rarely addresses the issue of emergent leadership. Community development is a non-linear process which may arise from the initiatives of people within the community, utilizing their social capital with relatively few economic or human capital resources. Yet to answer the question of how the community is mobilized for development, the issue of leadership must be addressed. An individual or a group must mobilize the community for this purpose. As Barker et al. (in Leadership and Social Movements, Manchester Unity Press, Manchester, 2001) argue, leadership is an essential element of change. In this paper, we explore the issue of emergent leadership in five community case studies. The theoretical lens of complexity theory is used to analyse the ways in which leadership emerges. Seven themes emerged, some of which were consistent with complexity theory.
Onyx, J, Ho, C, Edwards, M, Burridge, N & Yerbury, H 2011, 'Scaling Up Connections: Everyday Cosmopolitanism, Complexity Theory & Social Capital', Cosmopolitan Civil Societies: An Interdisciplinary Journal, vol. 3, no. 3, pp. 47-67.
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One of the key questions of contemporary society is how to foster and develop social interactions which will lead to a strong and inclusive society, one which accounts for the diversity inherent in local communities, whether that diversity be based on differences in interest or diversity in language and culture. The purpose of this paper is to examine three concepts which are used in the exploration of social interactions to suggest ways in which the interplay of these concepts might provide a richer understanding of social interactions. The three concepts are everyday cosmopolitanism, complexity theory and social capital. Each provides a partial approach to explanations of social interactions. Through focussing on social networking as a significant example of social interactions, we will demonstrate how the concepts can be linked and this linking brings potential for a clearer understanding of the processes through which this inclusive society may develop.
Oswick, C, Fleming, P & Hanlon, G 2011, 'From Borrowing to Blending: Rethinking the Processes of Organizational Theory Building', Academy of Management Review, vol. 36, no. 2, pp. 318-337.
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Paul, SK & Azaeem, A 2011, 'An artificial neural network model for optimization of finished goods inventory', International Journal of Industrial Engineering Computations, vol. 2, no. 2, pp. 431-438.
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In this paper, an artificial neural network (ANN) model is developed to determine the optimum level of finished goods inventory as a function of product demand, setup, holding, and material costs. The model selects a feed-forward back-propagation ANN with four inputs, ten hidden neurons and one output as the optimum network. The model is tested with a manufacturing industry data and the results indicate that the model can be used to forecast finished goods inventory level in response to the model parameters. Overall, the model can be applied for optimization of finished goods inventory for any manufacturing enterprise in a competitive business environment. © 2011Growing Science Ltd. All rights reserved.
Perrott, BE 2011, 'Health Service Delivery in Australia: Gaps and Solutions', Journal of General Management, vol. 36, no. 3, pp. 53-66.
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This paper is intended to stimulate discussion on the issue of health service delivery. It will examine some of the underlying characteristics of services and review them from a health service perspective. It will then explore the nature and implications of health service failure. Key findings from a recent Australian study of practice in open disclosure in public hospitals will be reviewed for the purpose of discussing the implications of the impact of service failure in a health care setting. The paper then goes on to explore the process and nature of health service delivery in terms of potential shortcomings and flaws with its implication for service quality. To assist in the analysis of this topic and to begin the debate on potential solutions, a matrix table is developed to highlight the key areas of health service failure, suggest possible causes, and then go on to suggest prescriptive measures to help manage the risks involved in the health service delivery process.
Perrott, BE 2011, 'Strategic issue management as change catalyst', Strategy & Leadership, vol. 39, no. 5, pp. 20-29.
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PurposeUnder high turbulence conditions, a company's periodic planning cycle needs to be supplemented with a dynamic, real‐time, strategic‐issue‐management system. This paper aims to investigate this issue.Design/methodology/approachA case study of a prominent Australian healthcare organization shows the eight steps for how its management used the strategic issue management (SIM) process to identify, rank and address strategic issues in a rapidly changing business environment.FindingsThe paper finds that, for companies entering a period of turbulence, the tracking, monitoring, and management of strategic issues become s imperative so that the corporate, strategy, and capability do not fall out of alignment.Practical implicationsThe company's survival may well depend on having a well‐developed process for decision‐makers to rapidly put forth critical rebalancing responses.Originality/valueIn the SIM approach, external issues are manifest as opportunities and threats, and internal issues as strengths and weaknesses. Issues are viewed in the context of the environment, strategy, and capability (E‐S‐C) framework. A 3×3 strategic issue priority matrix is used to map the level of urgency and potential impact of each issue.
Platen, E & Hulley, H 2011, 'A visual criterion for identifying Itô diffusions as martingales or strict local martingales', Seminar on Stochastic Analysis, Random Fields and Applications, vol. 6, pp. 147-157.
Putniņš, TJ & Sauka, A 2011, 'Size and determinants of shadow economies in the Baltic States', Baltic Journal of Economics, vol. 11, no. 2, pp. 5-25.
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This study develops and estimates an index of the size of shadow economies in Estonia, Latvia and Lithuania, and analyses the factors that influence participation in the shadow sector. The index can be used to track shadow economies through time or across sectors and therefore is a useful tool to evaluate the effectiveness of policies aimed ar reducing the size of shadow economies. Our results suggest that the shadow economy in Latvia in 2010 is considerably larger than in neighbouring Estonia and Lithuania. While the shadow economy as a percentage of GDP in Estonia contracted from 2009 to 2010, it expanded in Latvia and Lithuania. An important driver of shadow activity in the Baltic States is entrepreneurs' dissatisfaction with and distrust in the government and the tax system. We also find involvement in the shadow economy is more pervasive among younger firms and firms in the construction sector. The findings of this study have a number of policy implications: (i) the relatively large size of shadow economies in the Baltic States and their different expansion/contraction trends cause significant error in official estimates of GDP and its rates of change; (ii) tax compliance can be encouraged by addressing the high level of dissatisfaction with the tax system and with government (e.g., making tax policy more stable and increasing the transparency with which taxes are spent); and (iii) significant scope exists for all three governments to increase their tax revenues by bringing entrepreneurs 'out of the shadows'.
Reggers, AL, Faulkner, S & Wearing, SL 2011, 'Stakeholder Collaboration in a Prospective World Heritage Area: The case of the Kokoda and the Owen Stanley Ranges', Cosmopolitan Civil Societies: An Interdisciplinary Journal, vol. 3, no. 2, pp. 35-54.
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The process of listing a World Heritage Area in developing countries is often much more complex than in the West. Often all stakeholders are not taken into consideration. This paper presents a case study of Kokoda and the Owen Stanley Ranges, currently a tentative World Heritage site, to show the complexities in stakeholder collaboration and attribution in the process of World Heritage designation. Six key stakeholders were identified in the study. Upon examination of four attributes of stakeholders: power; legitimacy; urgency; and proximity, it was found that all stakeholders in this case study have a high legitimacy in the listing process however only the local community holds high levels of power, urgency and proximity. Additionally it was found that several stakeholders, like the private sector, have too many weak relationships with other stakeholders, resulting in a lack of communication. These findings present the first step in understanding how it might be possible to improve the listing process of World Heritage Sites in developing countries through effective stakeholder collaboration.
Rhodes, C & Price, OM 2011, 'The post-bureaucratic parasite: Contrasting narratives of organizational change in local government', MANAGEMENT LEARNING, vol. 42, no. 3, pp. 241-260.
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This article investigates the relationship between learning, bureaucracy and post-bureaucracy as manifest in a local government council in the Australian state of New South Wales. Empirically, we compare the culturally dominant narrative of the necessity
Schulenkorf, N & Sugden, J 2011, 'Sport for Development and Peace in Divided Societies: Cooperating for Inter-Community Empowermentin Israel', European Journal for Sport and Society, vol. 8, no. 4, pp. 235-256.
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The idea of using sport for social, cultural and community development has been promoted for decades; however, only limited empirical research can be found that analyses the strategic potential of sport projects in contributing to conflict resolution, reconciliation and peace building in deeply divided societies. This study concentrates upon the experiences of a number of Football for Peace (F4P) projects operating in Israel in 2009. It identifies and investigates the inter-community sport management strategies employed in a particular project that featured Jewish, Arab, and Circassian communities in Northern Israel. The article focuses on and assesses the role played by external change agents in facilitating project delivery and development. Following an interpretive mode of enquiry, observations and focus group discussions with key project facilitators and sport coaches were conducted exploring participant experiences and using this information to develop practical recommendations for social development through sport. The following six strategic dimensions were elicited as critical elements for promoting positive inter-community relations, building local capacity and enhancing overall social development: greater emphasis on training for all volunteers; the provision of role model support; the development of local commitment and leadership; improvement of sport programming; the facilitation of wider community involvement; and project augmentation and extension. We argue that these practical suggestions have transferable implications for other grassroots organisations and NGOs that use sport projects in divided and/or disadvantaged communities elsewhere in the world.
Schulenkorf, N, Thomson, A & Schlenker, K 2011, 'Intercommunity Sport Events: Vehicles and Catalysts for Social Capital in Divided Societies', Event Management, vol. 15, no. 2, pp. 105-119.
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Sport events are believed to promote dialogue, integration, and peaceful understanding among disparate groups, even when other forms of negotiation have not been successful. However, the social outcomes from sport events are largely anecdotal and there is a need to empirically examine
the active engagement of groups with “others” in participatory sport event projects. This article investigates the potential of an intercommunity sport event in contributing to intergroup development and social capital building in the ethnically divided Sri Lanka. It follows an
interpretive mode of inquiry where findings are derived from the analysis of 35 in-depth interviews with Sinhalese, Tamil, Muslim, and international event stakeholders. By providing evidence of the varying sociocultural experiences at the event, this article discusses the event's impact on
intergroup relations and its influence on the stock of social capital available to communities. Findings can assist governments, policy makers, and nongovernmental organizations (NGOs) in advancing policies and practical measures that build on events as vehicles and catalysts for enhanced
intergroup relations and the creation of social capital.
Schweitzer, J & Gudergan, SP 2011, 'Contractual complexity, governance and organisational form in alliances', Int. J. of Strategic Business Alliances, vol. 2, no. 1/2, pp. 26-40.
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Contracting and governance related issues are critical for the success of alliances. In this paper, we provide a theoretical framework to describe the role of the contractual complexity of alliance agreements for the governance and organisational form of alliances. We suggest control theory to explain how the goal incongruence and performance ambiguity among collaborating partners, in conjunction with the complexity of their contractual agreements, affect the organisational form of alliances that can be characterised as bureaucracy, market, clan, or adhocracy. Our framework implies that managers who review and control contractual complexity, goal incongruence, and performance ambiguity, will be able to identify and employ governance for their alliances that better supports their firm's strategic intentions.
Sek & Stephen Taylor, J 2011, 'Profit or Prophet? A Case Study of the Reporting of Non-GAAP Earnings by Australian Banks', Australian Accounting Review, vol. 21, no. 4, pp. 327-339.
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Australian firms increasingly highlight earnings results that do not conform to the definition of profit under generally accepted Australian accounting principles (GAAP). We compile a detailed description of the differences between GAAP and non-GAAP earnings for each of the four largest Australian trading banks for the years 2003 to 2008. Our evidence shows that each of the major banks has a history of reporting what are typically termed 'cash earnings' or 'underlying earnings~ However, the definition of these terms is not consistent between banks, nor does it appear to be consistently applied by individual banks over time. Interestingly, the switch to Australian International Financial Reporting Standards has a noticeable impact on the definition of non-GAAP earnings. The data we summarise raises questions about the role of GAAP earnings versus non-statutory definitions of financial performance voluntarily provided by firms themselves. More broadly, the ability of firms to 'self-define' outcomes presents a significant challenge to capital market regulators such as the Australian Securities and Investments Commission.
Shahriar, Q & Wooders, J 2011, 'An experimental study of auctions with a buy price under private and common values', GAMES AND ECONOMIC BEHAVIOR, vol. 72, no. 2, pp. 558-573.
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eBays Buy It Now format allows a seller to list an auction with a buy price at which a bidder may purchase the item immediately and end the auction. When bidders are risk averse, then theoretically a buy price can raise seller revenue when values are private (but not when values are common). We report the results of laboratory experiments designed to determine whether in practice a buy price is advantageous to the seller. We find that a suitably chosen buy price yields a substantial increase in seller revenue when values are private, and a small (but statistically insignificant) increase in revenue when values are common. In both cases a buy price reduces the variance of seller revenue. A behavioral model which incorporates the winners curse and the overweighting by bidders of their own signal explains the common value auction data better than the rational model.
Sil Kang, W, Kilgore, A & Wright, S 2011, 'The effectiveness of audit committees for low‐ and mid‐cap firms', Managerial Auditing Journal, vol. 26, no. 7, pp. 623-650.
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PurposeThe purpose of this paper is to investigate the effectiveness of recommendations made by the Australian Stock Exchange (ASX) relating to audit committees in Australia, and whether they have improved financial reporting quality for low‐ and mid‐cap listed firms.Design/methodology/approachThe authors examine the relation between characteristics of the audit committee and financial reporting quality for listed companies not mandated to comply with these requirements, i.e. low‐ and mid‐cap firms. For a sample of 288 firms, the authors regress measures of audit committee independence, expertise and activity and size on alternative measures of earnings management.FindingsA significant association is found between all three characteristics and lower earnings management. The significant measure for independence is the proportion of independent directors on the audit committee; for expertise, it is that at least one member of the audit committee has an accounting qualification; and for activity and size, it is the frequency of audit committee meetings.Practical implicationsThe results provide support for the mandatory establishment of audit committees for the top 500 (high‐ and mid‐cap) firms introduced by the ASX and suggest those audit committee characteristics which could improve financial reporting quality for low‐ and mid‐cap firms.Originality/valueThe paper examines low‐ and mid‐cap firms in order to complement previous similar studies done for high‐cap firms. It identifies the effects on financial reporting qual...
Siminski, P 2011, 'Are Low Skill Public Sector Workers Really Overpaid? A Quasi-Differenced Panel Data Analysis', APPLIED ECONOMICS, vol. 45, no. 14, pp. 1915-1929.
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Public-private sectoral wage differentials have been studied extensively using quantile regression techniques. These typically find large public sector premiums at the bottom of the wage distribution. This may imply that low skill workers are ‘overpaid’, prompting concerns over efficiency. We note several other potential explanations for this result and explicitly test whether the premium varies with skill, using Australian data. We use a quasi-differenced GMM panel data model which has not been previously applied to this topic, internationally. Unlike other available methods, this technique identifies sectoral differences in returns to unobserved skill. It also facilitates a decomposition of the wage gap into components explained by differences in returns to all (observed and unobserved) skills and by differences in their stock. We find no evidence to suggest that the premium varies with skill. One interpretation is that the compressed wage profile of the public sector induces the best workers (on unobserved skills) to join the public sector in low wage occupations, vice versa in high wage occupations. We also estimate the average public sector premium to be 6% for women and statistically insignificant (4%) for men.
Spanjol, J, Tam, L, Qualls, WJ & Bohlmann, JD 2011, 'New Product Team Decision Making: Regulatory Focus Effects on Number, Type, and Timing Decisions*', Journal of Product Innovation Management, vol. 28, no. 5, pp. no-no.
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Starbuck, WH & Clegg, SR 2011, 'Can We Still Fix M@n@gement? The Narrow Path Towards a Brighter Future in Organizing Practices', M@n@gement, vol. 12, no. 5, pp. 332-359.
Stavrunova, O & Yerokhin, O 2011, 'An Equilibrium Model of Waiting Times for Elective Surgery in NSW Public Hospitals', ECONOMIC RECORD, vol. 87, no. 278, pp. 384-398.
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This article studies the effects of waiting times on the demand and supply of elective surgery in NSW public hospitals. The demand and supply equations are estimated at the level of postal code areas using data on public hospital elective surgery admissions in 2004 2005, postal code area characteristics and area-level provisions of public and private hospital capacities. Empirical results imply that demand for elective surgery is affected negatively, and supply positively, by waiting time. The estimated elasticity of demand with respect to waiting time is higher in NSW than estimates reported in studies based on data from the UK National Health Service.
Stewart, B, Adair, D & Smith, A 2011, 'Drivers of illicit drug use regulation in Australian sport', SPORT MANAGEMENT REVIEW, vol. 14, no. 3, pp. 237-245.
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Most Australian sport stakeholders not only believe that government regulation is a good thing, but also assume that intervention in the drug-use problem will improve sports social outcomes and operational integrity. In this paper we examine the regulation of illicit drug use in Australian sport through an interrogation of two cases: the Australian Football League and the National Rugby League. Using Pierre Bourdieus conceptual frames of social field, capital, and habitus, we aim to secure a clearer understanding of the drivers of Australian sports illicit drug regulations by (1) identifying those stakeholders who set the drug regulation agenda, (2) revealing the values and dispositions that underpin these regulations, and (3) explaining how dominant stakeholders go about sustaining their position and marginalising those stakeholders with opposing drug regulation claims. Our results show that Australian sports drug-use regulations are driven by a set of values and dispositions that views sport as an instrument for shaping the character of its participants, and drugs as a threat to sports moral fabric and good standing. The dominant stakeholders, comprising the Commonwealth Government, its sport agencies, and the major governing bodies for sport, imposed these values and dispositions on peripheral stakeholders by designing a drugs-in-sport social field that yielded capital and power to only those participants who endorsed these values and dispositions. Peripheral stakeholders including players, their agents, and drug-treatment professionals who mostly shared different values and dispositions, were sidelined, and denied the opportunity of adding to their already limited supplies of capital, power, and policy making influence.
Tam, L & Dholakia, UM 2011, 'Delay and duration effects of time frames on personal savings estimates and behavior', Organizational Behavior and Human Decision Processes, vol. 114, no. 2, pp. 142-152.
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Tay, KB & Chelliah, J 2011, 'Disintermediation of traditional chemical intermediary roles in the Electronic Business-to-Business (e-B2B) exchange world', JOURNAL OF STRATEGIC INFORMATION SYSTEMS, vol. 20, no. 3, pp. 217-231.
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The traditional chemical distribution industry is a multi-billion dollar business and with the introduction of Electronic Business-to-Business (e-B2B) exchanges to the global chemical industry there is some concern about the future roles of traditional intermediaries (TI). The objectives of this research paper are to investigate the possibility of disintermediation of roles of TI by e-B2B exchanges and to identify the value adding role of TI as perceived by chemical distributors and buyers. If these value adding roles may be the key to future survival for TI in the marketplace. International data collected from e-B2B exchanges, chemical distributors and buyers are used. Content analysis of e-B2B exchanges was conducted while survey questionnaires were used for distributors and buyers using a crosssectional approach. The research shows that whilst the e-B2B exchanges have a role to play in the chemical supply chain management there were still sub-functions which the buyers viewed that the TI could offer to them. So the supplierbuyer relationships could be maintained between the buyers and the TI, at least for the time being, until newer business models of e-B2B exchanges begins to compete with the TIs to offer these sub-functions. The research holds valuable implications for TI in the chemical industry regarding the need for differentiation with a view building new competences to survive the encroachment of their traditional business base by e-B2B exchanges. The impact of e-B2B exchanges on TI in the chemical industry has not previously been studied in-depth. This paper provides new knowledge and makes a contribution by providing evidence of evolution in the chemical distribution channels.
Taylor, SL 2011, 'Corporate Governance, Standards and Enforcement', Australian Accounting Review, vol. 21, no. 4, pp. 315-316.
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Tse, HP 2011, 'Using oil price shocks to teach the AS-AD Model in a blended learning strategy', Australasian Journal of Economics Education, vol. 8, no. 2, pp. 63-87.
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This paper reports a pedagogical strategy employed to teach the AS-AD model. Dolan & Stevens (2006) stress the importance of teaching macroeconomics with relevance, and in this vein the issue of the macroeconomic effect of substantial increases in oil prices was used as a focus for teaching the AS-AD model in the first semester of 2006. This strategy also had a substantial blended learning dimension which Fox & MacKeogh (2003) argue can generate deeper student learning than traditional, pure, face to face strategies and which Hughes (2007) suggests can enhance the confidence with which students approach learning tasks, improving what they take away from these experiences. The paper describes the behaviour of oil prices in the years leading up to 2006 and the factors affecting this price. It outlines the structure of the AS-AD model presented to students and how oil prices can be incorporated into this model. It then discusses details of the overall strategy used for teaching the model and finally presents some evidence that students reported better and more relevant learning experiences than did students in the three prior semesters which had not used this strategy.
Veal, AJ 2011, 'CALL FOR PAPERS: Leisure and Public Policy', World Leisure Journal, vol. 53, no. 4, pp. 351-351.
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Veal, AJ 2011, 'Leisure', Managing Leisure, vol. 16, no. 2, pp. 169-173.
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Veal, AJ 2011, 'Leisure participation patterns and gender: the survey evidence on Australian adults', Annals of Leisure Research, vol. 14, no. 2-3, pp. 120-142.
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In recognition of the principle that quantitative methods have a role to play in gender-related studies of leisure, alongside qualitative methods, this paper draws on past and current official Australian national surveys to examine mens time use and leisure participation patterns. Three frequently asserted observations on leisure and gender, and mens leisure behaviour in particular, are addressed. First, the proposition that early survey-based leisure research was `gender blind is shown to have not generally been the case in Australia. Second, it is shown that, while it is broadly true that men have more leisure time than women, this is not the case for some key socio-demographic groups. Third, the observation that men have higher levels of participation in leisure activities than women often relies on data on sport and physical recreational activities only, but when a comprehensive definition of leisure is adopted, including such categories as cultural activity and informal outdoor recreation, and when frequency of participation is taken into account, it is found that, while leisure patterns of men are different from those of women, the quantum of participation does not significantly favour men. The paper also addresses the issue of change over time, showing that gender-related patterns of time-use and leisure participation in Australia have changed over recent decades, suggesting that observations based on quantitative empirical data should be reviewed from time to time as new data become available. Finally, the paper examines the life-time distribution of time, revealing a remarkable similarity between men and women.
Veal, AJ 2011, 'Planning for leisure, sport, tourism and the arts: goals and rationales', World Leisure Journal, vol. 53, no. 2, pp. 119-148.
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On the basis of a review of some 82 sets of official, professional and academic English-language guidelines, this paper! evaluates eight rationales, goals and associated planning approaches for planning for leisure, sport, tourism and the arts: (1) meeting standards; (2) providing opportunity; (3) managing (natural/ heritage) resources; (4) meeting demand; (5) satisfying stakeholder groups; (6) meeting needs; (7) meeting participation targets; and (8) providing (net) benefits. A number of the approaches are found to suffer from limitations that are generally overlooked by the guidelines reviewed. While guidelines are often strong in providing advice on data collection, they are invariably weak in regard to data analysis and the relationships between goal setting, data analysis and policy formation. A single solution to the difficulties identified is not offered, but it is concluded that a yet to be developed demand/participationlbenefits-based approach to planning would offer a way forward.
Veal, AJ 2011, 'The leisure society I: myths and misconceptions, 1960–1979', World Leisure Journal, vol. 53, no. 3, pp. 206-227.
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Recent discussion in the World Leisure Journal has raised the issue of the place of the "leisure society thesis" in the development of leisure studies. Some have argued that the thesis was a key, but misconceived, "project" of the early phase of leisure studies which has done lasting damage to the leisure studies brand. Others argue that the thesis was a passing preoccupation which has long since been superseded and is no longer of relevance. In this paper, it is noted that recollections of the leisure studies thesis in its heyday of the 1960s and 1970s are often unspecific and at times ill-informed. The paper is not a defence or critique of the leisure society thesis but an attempt to establish a more accurate history through discussion of fivemyths: I. that portrayals of the leisure society in the 1960s and 1970s invariably involved visions of the future; 2. that there was a consensus within the leisure studies community concerning a future leisure society; 3. that the thesis was a significant feature of the early leisure studies literature; 4. that definitions of the leisure society were based on predictions of falling working hours; and 5. that leisure society proponents themselves predicted reductions in working hours.
Ville, S & Siminski, P 2011, 'A Fair and Equitable Method of Recruitment? Conscription by Ballot into the Australian Army during the Vietnam War', AUSTRALIAN ECONOMIC HISTORY REVIEW, vol. 51, no. 3, pp. 277-296.
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Australia’s commitment to the Vietnam War drew on the selective conscription of additional manpower through 16 biannual ballots. 20-year-old men were liable to serve if their date of birth was drawn out. The random nature of the ballot was seen as
an equitable method of selection for a system of labour coercion that was potentially life-threatening. We investigate the various stages of conscription of these ‘national servicemen’ to undertake service in Vietnam throughout the war and evaluate the
extent to which the processes provided for fair and equitable selection. Comparisons are drawn with a similar process of Vietnam-War era conscription in the United States.
Walker, M, Wooders, J & Amir, R 2011, 'Equilibrium play in matches: Binary Markov games', GAMES AND ECONOMIC BEHAVIOR, vol. 71, no. 2, pp. 487-502.
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We study two-person extensive form games, or "matches," in which the only possible outcomes (if the game terminates) are that one player or the other is declared the winner. The winner of the match is determined by the winning of points, in "point games." We call these matches binary Markov games. We show that if a simple monotonicity condition is satisfied, then (a) it is a Nash equilibrium of the match for the players, at each point, to play a Nash equilibrium of the point game; (b) it is a minimax behavior strategy in the match for a player to play minimax in each point game; and (c) when the point games all have unique Nash equilibria, the only Nash equilibrium of the binary Markov game consists of minimax play at each point. An application to tennis is provided.
Waller, DS 2011, 'Credibility at risk in Sony hacking scandal', The Conversation, vol. Continuous.
Waller, DS & Fam, K-S 2011, 'Reducing Offensiveness of STD Prevention Advertisements in China', SOCIAL WORK IN PUBLIC HEALTH, vol. 26, no. 6, pp. 621-634.
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The issue of sexually transmitted diseases is a socially sensitive one in Asian communities, with governments being criticized for not doing enough to reduce AIDS transmission, and the advertising of such issues potentially causing offense to people. This article surveys 630 people in China to determine their level of offense toward the advertising of condoms and STD prevention and analyzes the qualitative responses to how they would reduce the offensiveness of such advertising. The results found that generally women are more offended by the advertising of these products than men, and in terms of creative execution, women prefer implicit, prevention or effects messages, whereas men suggested a scientific message, or a focus on the creative strategy or media/location of the advertisement. It is recommended that traditional Chinese Confucian values are important for public policy makers to keep in mind when wanting to advertise socially sensitive issues in China and wider Asia.
Wang, J 2011, 'Forecasting Volatility in Asian Stock Markets: Contributions of Local, Regional, and Global Factors', Asian Development Review, vol. 28, no. 2, pp. 32-57.
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This paper examines volatility forecasting for the broad market indices of 12 Asian stock markets. After considering the long memory in volatility and volatility jumps, the paper incorporates local, regional, and global factors into a heterogeneous autoregressive model for volatility forecasting. Compared to several existing studies, the model produces smaller forecasting errors. The empirical findings shed new light on the spillover effect from regional and global factors to local market volatility. Despite the common perception of increased globalization, the paper finds that volatility in Asia is primarily driven by local factors. During the period January 2005 to April 2010, regional and global factors explain 2%-3% of the volatility in the next 10 days for Asian emerging markets, and 3%-6% for Asian developed markets. There was no significant increase in the contribution of global factors to local market volatility
Wearing, S, Buchmann, A & Jobberns, C 2011, 'Free Willy: the whale‐watching legacy', Worldwide Hospitality and Tourism Themes, vol. 3, no. 2, pp. 127-140.
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PurposeThe purpose of this paper is to explore contemporary issues in film tourism with reference to the growth in related tourism fields.Design/methodology/approachThe paper examines the relationship between growth in dolphin and whale watching and the popularity of theFree Willyseries of films.FindingsObserves that films can significantly influence aspects of ecotourism, especially in terms of the expectations of tourists.Practical implicationsThe paper illustrates how new tourism niche markets are strongly influenced by nature‐related films and discusses the implications for tourism stakeholders.Originality/valueThe paper reviews and reveals the potential for film‐induced ecotourism.
Wearing, SL & Darcy, SA 2011, 'Inclusiveness of the `Othered' in Tourism', Cosmopolitan Civil Societies: An Interdisciplinary Journal, vol. 3, no. 2, pp. 18-34.
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This paper highlights that tourism, due to the fact it is a multi-faceted activity and by implication its management has similar multiple contexts, often leads to the exclusion of many who are part of that tourism context. One area that has been left on the fringes of tourism is how contemporary tourism management has othered those regarded as being removed from the neoliberal business foundation of tourism. One such group is the host communities in developing countries. The failure to involve and engage with host communities and develop collaboration in the process of planning and management for tourism is and has in the past been detrimental to the sustainability of tourism. In many cases, host communities have been ignored by the industry, with few or no mechanisms or processes put in place to enable them to participate in the management of tourism. This paper presents an overview of how this engagement of host communities can expand the market for tourism and lead to more satisfying visitor experiences, enhance the sustainability of these experiences and, thus, be considered good management practice within the industry.
Winn, M, Kirchgeorg, M, Griffiths, A, Linnenluecke, MK & Günther, E 2011, 'Impacts from climate change on organizations: a conceptual foundation', Business Strategy and the Environment, vol. 20, no. 3, pp. 157-173.
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Wong, EPY, Mistilis, N & Dwyer, L 2011, 'A framework for analyzing intergovernmental collaboration – The case of ASEAN tourism', TOURISM MANAGEMENT, vol. 32, no. 2, pp. 367-376.
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Intergovernmental collaboration in tourism among ASEAN nations has received little attention in the literature despite the significant economic contribution that tourism makes in the region. This paper helps to improve our understanding of the phenomenon by providing an overview of the progress made since 2002, and exploring the factors that facilitated and hindered progress. It was found that many of the suggested measures in the action plan, 'Roadmap for Integration of Tourism Sector’, were either not implemented at all or are overdue, although relatively significant progress was made in travel facilitation and human resources development. The authors suggest that current theories of collaboration do not adequately explain the patterns of ASEAN tourism. The paper seeks to expand the boundaries of theory by presenting a framework of collaboration which dissects the facilitators and inhibitors along three dimensions: stakeholders, resources, and processes and mechanisms. Recommendations to expedite and strengthen the collaboration are then formulated.
Wong, EPY, Mistilis, N & Dwyer, L 2011, 'A model of Asean collaboration in tourism', Annals of Tourism Research, vol. 38, no. 3, pp. 882-899.
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Wright, S, Byers, P, Dyball, M, Hazelton, J & Radich, R 2011, 'Engaging Staff in Curriculum Change: Reflections from an Accounting Ethics Initiative', Asian Social Science, vol. 7, no. 11, pp. 93-99.
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This paper identifies the challenges associated with engaging staff in curriculum change, using the context of systematic inclusion of ethics in the accounting curriculum of a major Australian metropolitan university, and offers some suggestions as to how these challenges might be overcome. We characterize the inclusion of ethics in the accounting curriculum as 'pluri-disciplinary' following the typology of Davies and Devlin (2007) and draw on 22 interviews with accounting academics to examine curriculum change in a pluri-disciplinary context. We find that key staff concerns are the impact on broader accounting discourse, assignment of teaching responsibilities, curriculum content, and identification of who is ultimately responsible for the curriculum change. The responses indicate that staff would like to be equipped to confidently deliver ethics content and to have material relevant to a technically-focused student cohort. One means of achieving this might be to involve ethics experts in developing and delivering foundational material early in the curriculum and having accounting staff teach applications of this material in the latter stages. Our observations might also be of interest to those seeking to embed other 'soft' skills (such as communication, critical thinking and sustainability) within a technical curriculum.
Zyglidopoulos, S & Fleming, P 2011, 'Corporate accountability and the politics of visibility in ‘late modernity’', Organization, vol. 18, no. 5, pp. 691-706.
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It is generally held that because of developments associated with late modernity large corporations are now much more visible and therefore more accountable. In this article, we challenge this idea and propose contrary and position: that precisely because of late modernity global corporations have become less accountable to their stakeholders. In particular, we argue that because of globalization, the explosion of scientific knowledge and the nature of risk in late modernity, it has in some respects become easier for corporations to conceal their unethical practices (making them less accountable). Drawing on sociological theory concerning late modernity, we seek is to demonstrate how the fashionable ‘ideology of visibility’ habors an insidious anti-democratic tendency apropos wider accountability. In light of this position, the article concludes by discussing the political implications and possibilities for rendering business corporations more democratically accountable.