In this article we discuss management accounting theory. We discuss the motivation for and roleof theory in management accounting, arguing that theories in an applied field such asmanagement accounting should provide explanations that are useful for those we study -managers, organizations and...

This paper invest igates the management control system choices exercised by a multinational corporation headquarters to control a newly established wholly owned foreign subsidiary located in a t ransition economy. Specifically t his paper aims to identif y what the core ch allenges of...

Purpose The purpose of this paper is to examine the impact of adopting a strategic approach to human resource management (HRM) in professional service firms (PSFs). It provides the empirical evidence by comparing and contrasting the adoption of a strategic approach to HRM in two Australian PSFs....

Organisations are increasingly being pressured by stakeholders to acknowledge and manage their interests (Phillips 2003; Freeman 1984). However, conflicts can arise where multiple stakeholders have differing interests, especially if certain stakeholder groups are prioritised above others when...

The issue of whether foreign exchange risk is priced in financial markets is important in the context of international investment and diversification. Primarily using daily data, we implement a two-factor asset pricing model (incorporating a market factor and an exchange rate factor) in an...

We investigate the role of foreign currency derivatives (FCD) in alleviating foreign exchange rate exposure of Australian firms. While there is some evidence that the use of FCD reduces the level of ex-post short-term exposure, such an effect is absent with regard to the degree of foreign...

Purpose - The purpose of this paper is to provide some insights into the exchange rate exposure of Australian stock returns. Design/methodology/approach - Using a dynamic econometric approach that allows for both asymmetry and time-varying risk exposures in both the exchange rate variable and...

This paper investigates the association between industry concentration and stock returnon equity, persistence of returns and market to book value ratios of stocks in Australiabetween 1991 and 2003. During this period the market to book value ratios of firmsincreased steadily. Consistent with...

This study investigates if there is a positive association between takeover premiums and the bidder?s perception of target firm auditor reputation and independence. Using auditor size as a proxy for auditor reputation, the results indicate that target shareholders receive a higher takeover...

This paper examines the question of how analysts forecast earnings. We examine the determinants of analysts? forecasts of both short and long run earnings. The paper is motivated by the importance of analyst forecasts as proxies for expected earnings, which is accompanied by a large literature...