Contemporary commentators point to excess volatility within the FX market as an indicator of market inefficiency. It is thought that the excessive volatility is being driven by speculation. Policy options have emerged which focus on bounding volatility via government regulation of speculation....

Local government in advanced economies is undergoing a period of rapid reform aimed at enhancing its efficiency and effectiveness. Accordingly, the definition, measurement and improvement of organisational performance is crucial. Despite the importance of efficiency measurement in local...

There is considerable research evidence (e.g. Biggs 1991, Watkins et al 1990, Kember et al 1991) to suggest that East Asian learners exhibit superior learning styles and academic performance to their western counterparts at secondary and tertiary levels. This is a surprising outcome given the...

This paper examines the output and productivity performance of the Transport and Communication sector in South Korea and Australia, from 1990 to 1998. The aim of the paper is two-fold. First, the paper is the first in a series which compares the performance of various industries within the...

With increasing pressure on firms to deliver shareholder value, there has been a renewed emphasis on devising measures of corporate financial performance and incentive compensation plans that encourage managers to increase shareholder wealth. One professedly recent innovation in the field of...

Statistical similarities among the latest long expansion in the U.S. and some other past expansions, in particular that of the 1960s, are examined. Corresponding to the definition of statistical similarity, a test based on the covariance matrices of business cycle component variables for the...

Healthcare institutions worldwide are increasingly the subject of analyses aimed at defining, measuring and improving organisational efficiency. However, despite the importance of efficiency measurement in healthcare services, it is only relatively recently that the more advanced econometric and...

Pooled time-series, cross-sectional data on 110 Australian companies over the period 1992-1998 is employed to examine whether the trademarked variant of residual income known as economic value-added (EVA®) is more highly associated with stock returns than more conventional accounting-based...