This paper draws its title from a paper written over 30 years ago by Geoffrey H. Moore (1967). Why the need for a reprise? First, there would appear currently to be somewhat diverging views – particularly in Australia – as to what properly constitutes a recession. Second, largely as a result...

Although proposed developments which may adversely affect environmental assets are increasingly subjected to scrutiny through the application of an environmental assessment technique such as cost-benefit analysis, little consideration has been given to the question of the optimal allocation of...

Data envelopment analysis is used to calculate technical, allocative and cost efficiency indices for a sample of fifty-three Australian general insurers. The inputs used are labour, physical capital (in the form of both information technology and plant and equipment) and financial capital. The...

A large number of studies have investigated the cross-section of average returns on common stocks in the United States and have found little relationship with the estimated beta of the single-factor model. This paper tests the joint roles of an overall market factor, and factors related to firm...

With the arrival of accrual accounting and a performance budgeting system known as \"accrual output budgeting\", there have been huge changes in the mechanism of central financial control in the budget-dependent Australian public sector. This article outlines and evaluates these changes. The new...

This study examines the high frequency reaction of the Australian Dollar (AUD) to new information contained in scheduled macroeconomic news releases in Australia for 1998 using Money Market Services trader expectations data. By using exchange rate data sampled at 10-second intervals, major price...

Australian governments have recently moved from cash accounting to accrual accounting. In doing so they have made simultaneous use of two rival accrual accounting frameworks: AAS 31 and GFS. AAS 31 and GFS operating result measures differ significantly. To date, the AAS 31 framework has enjoyed...

It is not uncommon for lecturer to assume student understanding key concepts in her/his organisation and presentation of a topic, when these concepts, in fact, can be quite problematic for the students. This creates barriers to knowledge development in students. To overcome this barrier, it is...