This article analyzes the impact of movements in the Australian dollar/Japanese yen (AUDJPY) and the Australian dollar/US dollar (AUDUSD) exchange rates on the returns of the Australian equities market. Specifically, this paper investigates the nature of exchange rate exposure across increasing...

type="main" <p>Employing daily data over the period 1987–2010, we examine the diversifying, hedging and safe haven properties of gold bullion, gold stocks, gold mutual funds, and gold exchange traded funds (ETFs). First, with regard to gold bullion, we document a clear and strong hedging role...</p>

type="main" xml:id="acfi12007-abs-0001" <title type="main">Abstract</title> <p>This study is motivated by the increasing diversity among first-year accounting students and the increasing number of first-year accounting students whose majors are not in accounting related areas in UK universities. The main contribution of this...</p>

type="main" xml:id="acfi12008-abs-0001" <title type="main">Abstract</title> <p>We posit that the benefits and costs of multiple directorships are conditional on firm characteristics. We find firm valuation is positively associated with multiple directorships in (i) firms with high advising needs and (ii) firms with high...</p>

type="main" xml:id="acfi12081-abs-0001" <title type="main">Abstract</title> <p>In this paper, we review the history of scholarly finance research in the Asia Pacific Basin. We do this by analysing the four leading regional finance journals – Accounting and Finance, Australian Journal of Management, International Review of...</p>

type="main" xml:id="acfi12003-abs-0001" xml:lang="en" <title type="main">Abstract</title> <p>This study empirically examines the impact of changes in substantial shareholdings ahead of 450 Australian takeover offers between the years 2000 and 2009. Previous studies have attributed a significant proportion of the price run-up...</p>

type="main" xml:id="acfi12005-abs-0001" xml:lang="en" <title type="main">Abstract</title> <p>Older, more experienced and smaller U.S. venture capital firms are most probable to sacrifice proximate distance for new opportunities in foreign, and mostly mature, portfolio companies. These companies are treated differently than...</p>

We test theoretical drivers of the oil price beta of oil industry stocks. The strongest statistical and economic support comes for market conditions-type variables as the prime drivers: namely, oil price (+), bond rate (+), volatility of oil returns (−) and cost of carry (+). Though...

We investigate the role of derivatives in enhancing firm value of US oil and gas exploration and production companies over the period of 1998–2009, using both cross-sectional and time-series tests. Initially focusing on Tobin's Q, we document a ‘hedging discount’ in periods of increasing...