On 23 February 1998 the Treasurer asked the Industry Commission to undertake a short research study into the impact of Commonwealth indirect taxes on exporters, with particular regard to the effect of indirect taxes on manufacturing exports. The study was to compare the effects on one or two...

The Commission was asked in February 2001 to review the Superannuation Industry (Supervision) Act and certain other superannuation legislation. Superannuation savings are growing rapidly and now amount to more than $500 billion. Most of the workforce is covered by superannuation. The community...

In 2000-01, the GTEs monitored in this report generated just over $55 billion in revenue, and at 30 June 2001, they controlled assets valued at more than $145 billion in the key infrastructure areas of electricity, water, railways, urban transport and ports - $11 billion more than in the...

This paper considers the conditions that are necessary for market discipline to complement prompt corrective action (PCA) by the authorities in handling problem banks. We initially consider precisely what market discipline means in this context, who exercises it and the preconditions that are...

The role of financial institutions and corporate governance in the conduct and performance of industrial firms, especially in the area of technological innovation and international competition has been hotly debated in the recent past. The results presented here are a contribution to the...

Several studies have recommended reliance on subordinated debt as a tool for monitoring banks by investors and for enhancing depositors’ protection. However, subordinated debenture increases the level of leverage and thus the probability of costly failure. We propose a novel financial...

This paper examines the impact of the Internet on financial markets

In this report, we explain and analyze a trading strategy, popularly known as Pairs trading. We begin by explaining what a pair trading strategy entails. Since there are various ways of implementing the strategy, we describe the methodology selected by us in section 3. Thereafter, we look at the...

The article substantiates the hypothesis that the profitability of small firms is above all determined by qualitative variables. In this respect a low standardization of goods and even more importantly, the high significance of governance structures play a crucial role rendering the quality of...