We compare actual R&D spend with the managerial rhetoric around technology and innovation contained within corporate disclosures of US-listed firms. We find that, whilst actual R&D spend and patents do not entice institutional investors to increase their stock holdings, firms that espouse...

This article explores the effects of the legal prohibition of age discrimination in New Zealand, based on a survey of the recruiting practices of individual organisations. Its findings indicate that many firms continue to breach the law through a continued emphasis on age during the recruitment...

Books reviewed in this article: Ian Watson, John Buchanan, Iain Campbell and Chris Briggs (eds), Fragmented Futures: New Challenges in Working Life Barbara Pocock (ed.), The Work/Life Collision: What Work is Doing to Australians and What to Do About It Siobhan Austen (ed.), Culture and the...

The sources of finance for industrial development include (i) banks, (ii) securities markets, (iii) internal finance, (iv) alternative sources of finance such as angel finance, trade credit, families, and friends, and (v) governments. All four countries had sophisticated financial systems and...

This short paper sets out how leaving a monetary union is not the technical impossibility many have recently claimed. It has been done often in the past, and while possibly uncomfortable can be the best available option. Examples are given

This monograph challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of financial markets. Though it finds that statutory regulation failed, and that market participants took more risks than they should have done, it appears that statutory regulation...

We study how the regulator (SEC) responds to IPOs that have a higher political profile. We find that IPOs with issuers (intermediaries) that actively pursue political strategies receive more (less) SEC comment letters than IPOs without such actors. Cross-sectional analysis reveals that the...