Pazmandy, G 2007, Use Technology in the Workplace and Create Simple Spreadsheets, Tekniks Publications, Vaucluse, NSW.
Balkrishna, H, Coulton, J & Taylor, SL 2007, 'Accounting Losses and Earnings Conservatism: Evidence from Australian Generally Accepted Accounting Principles', Accounting and Finance, vol. 47, no. 3, pp. 381-400.
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We provide evidence on three important aspects of Australian financial reporting; namely, the characteristics of losses, the extent to which Australian firms earnings are conditionally conservative (i.e. bad news is reflected in earnings more quickly than good news) and the extent to which losses reflect incrementally greater conditional conservatism. We find evidence that loss incidence in Australia is frequent, with around 40 per cent of the sample firm-years from 1993 to 2003 being losses. Losses are also surprisingly persistent, and the probability of loss reversal declines monotonically as the history of losses extends. Although conditional conservatism is also shown to be a pervasive aspect of Australian Generally Accepted Accounting Principles, we demonstrate that it is more evident among loss observations. This result is robust across different methods of capturing conditional conservatism, and supports the conclusion that the relatively high frequency of losses is, at least in part, a reflection of conservative reporting.
Bugeja, M 2007, 'Voluntary use of independent valuation advice by target firm boards in takeovers', Pacific-Basin Finance Journal, vol. 15, no. 4, pp. 368-387.
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This study examines why target firm directors commission a voluntary expert to assess offer adequacy in Australian takeovers. The results indicate that expert use is higher where the board is rejecting the offer. In addition, experts are hired where the board faces greater complexity in valuing the consideration offered and the target firm. Expert use is found to be in target shareholders' interest as it increases the likelihood that the bidder will increase the offer price. These findings add to existing evidence on whether target board's act in shareholders' interest during corporate control contests.
Bugeja, M & da Silva Rosa, R 2007, 'The inefficient management and disciplinary motives for takeover in Australia', Corporate Ownership and Control, vol. 5, no. 1, pp. 469-481.
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The disciplinary motive and removal of inefficient target management are widely cited as explanations for takeovers. This study tests the prevalence of these explanations using Australian takeover targets from 1990 to 2002. We find that the vast majority of target firms are unlikely candidates for disciplinary action. Contrary to the disciplinary hypothesis, we find that target shareholdings are highly concentrated and are more concentrated than non-target firms. Unlike Agrawal and Jaffe’s (2003) US study, we find ASX targets are typically poor performers but, contrary to the inefficient management hypothesis, we find that takeover success is higher for better performing targets
Richardson, G & Lanis, R 2007, 'Determinants of the variability in corporate effective tax rates and tax reform: Evidence from Australia', Journal of Accounting and Public Policy, vol. 26, no. 6, pp. 689-704.
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This study examines the determinants of the variability in corporate effective tax rates in Australia spanning the Ralph Review of Business Taxation reform. Our results indicate that corporate effective tax rates are associated with several major firm-specific characteristics, including firm size, capital structure (leverage) and asset mix (capital intensity, inventory intensity and R&D intensity). While the Ralph Review tax reform had a significant impact on many of these associations, corporate effective tax rates continue to be associated with firm size, capital structure and asset mix after the tax reform. © 2007 Elsevier Inc. All rights reserved.
Ossimitz, M & Wieder, B 1970, 'Determinants of ERPS-Fit and Impact on Firm Performance', International Conference on Enterprise Systems, Accounting and Logistics (ICESAL) 2007, International Conference on Enterprise Systems, Accounting and Logistics, Alexander Technological Educational Institute of Thessaloniki, Greece, Corfu Island, Greece, pp. 25-52.
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Despite the large number of publications addressing critical success factors of ERP software implementations, very little is actually known about the impact of organizational fit of ERP systems on ERP implementation success (in terms of increased organizational performance). Our objective is to investigate the role of ERP fit in the implementation and operation of ERPS; we do so by developing and testing a model which (a) identifies the determinants of ERP fit and (b) links ERP fit to organizational performance. Our research builds on data which was collected through a large-scale mail survey and telephone interviews in an earlier research project in 2001. Our key findings suggest that the adoption and use of ERPS does lead to firm performance increases already within one year after the go-live date, and is then sustained over a period of at least another two years. One of the key determinants of sustained performance increases is the organizational fit of the ERPS, which is again driven by software quality and the quality of the integration (adaptation) mechanisms.
Richardson, G & Lanis, R 1970, 'The impact of tax reform on corporate capital investment: Evidence from Australian panel data', 2007 AFAANZ Conference, Accounting and Finance Association of Australia and New Zealand Conference, AFAANZ, Gold Coast, Australia, pp. 1-22.
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We examine the impact of tax reform on corporate capital investment in Australia spanning the Ralph Review of Business Taxation reform. Based on panel data, our results indicate that corporate capital investment reduced because of the tax reform. The negative effects of the removal of accelerated depreciation exceeded the positive effects of the decrease in the corporate tax rate, hence corporate capital investment declined. Moreover, the decline was broad-based as it occurred across all major industry sectors. These findings remain robust to an alternate measure of corporate capital investment.
Richardson, G & Lanis, R 1970, 'The impact of the Ralph review of business taxation reform on coprorate capital investment in Australia: Evidence from panel data', Annual Congress of European Accounting Association, Lisbon, Portugal.
Sivabalan, P, Brown, DA, Booth, PJ & Malmi, T 1970, 'An exploratory study of operational reasons to budget', An exploratory study of operational reasons to budget, European Accounting Association, Lisbon, Portugal, pp. 1-1.
Waller, DS & Lanis, R 1970, 'Corporate Social Responsibility Disclosure: An Exploratory Study of the Top 10 Media Organisations', Proceedings of the 2007 ANZMAC Conference 3Rs: Reputation, Responsibility and Relevance, Australian and New Zealand Marketing Academy Conference, Otago University, Dunedin, New Zealand, pp. 2847-2854.
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Corporate social responsibility (CSR) is an issue of growing interest in the business world, and many large, multinational companies, including media organisations, are voluntarily disclosing information regarding their CSR activities. While there is criticism of the ethical values of the media, some media organisations are using CSR to promote a positive side of their business. This exploratory study observes what the leading media organisations are doing in terms of CSR activities to propose a CSR disclosure index for the media industry, and discusses some implications for other organisations.
