Showing 1 - 10 of 19
With the aid of an online survey, the purpose of this study is to examine financial preferences; social, environmental and ethical concerns; and socio-demographic characteristics of Australian socially responsible (SR) investors. The study advances knowledge of SR investors’ profiles and...
Persistent link: https://www.econbiz.de/10011135723
In this paper, we review scholarly accounting research published within the Asia Pacific Region by analysing nine of the main accounting journals within the region along five dimensions. The nine journals we focus on are: Accounting, Auditing and Accountability Journal; Australian Accounting...
Persistent link: https://www.econbiz.de/10011166212
The foundation of popular approaches to portfolio construction and performance measurement lies in the mean-variance framework of Markowitz (1952, 1959). However, the suitability of such approaches in practice is questionable in light of considerable evidence of non-normalities in returns. This...
Persistent link: https://www.econbiz.de/10010769371
This study takes a direct approach to determine management motivation for the use of financial derivatives. We survey a sample of Australian firms on attitudes to derivative use and financial risk management. Management views are sought on the importance of a series of theoretical reasons for...
Persistent link: https://www.econbiz.de/10010769574
Using an extensive Australian sample, we explore two related issues in the context of a default risk asset-pricing factor (DEF) over the business cycle: (a) whether a DEF can explain the size premium in the three-factor Fama–French (FF) model; and (b) whether a DEF has a separate role...
Persistent link: https://www.econbiz.de/10011135709
We apply a new methodology, modified Granger causality tests, to further analyze the information flows between earnings and forecasts. Our application focuses on the dynamic interaction between reported earnings and analysts’ forecasts. Based on long time series of analyst earnings...
Persistent link: https://www.econbiz.de/10011135729
This paper investigates the determinants of credit spreads (levels and changes) via credit derivatives, using an Australian sample. We incorporate a number of different relationships to assess the contributions of various market-wide and firm-specific factors in determining levels, and changes...
Persistent link: https://www.econbiz.de/10011135743
In this study, we apply the Longstaff and Schwartz (1992) two-factor term structure model to real yields across eight countries. As such, we improve on many prior studies that have inappropriately tested this formulation using nominal yield data. We use the generalized method of moments to test...
Persistent link: https://www.econbiz.de/10011135746
In this paper we show that reasonable proxies for the FF factors can be readily constructed from ‘off the shelf’ style index data. We employ a GMM testing procedure in which the main focus of the tests is to assess the overriding validity of the restrictions placed on the empirical...
Persistent link: https://www.econbiz.de/10011135757
This paper explores the impact of market discipline on bank risk taking. We examine a broad sample of financial institutions from the G7 nations over the period 1996–2010. We apply System Generalized Method of Moments estimation to control for endogeneity and other unobserved...
Persistent link: https://www.econbiz.de/10011135794