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A study of 386 potential and current members of the accounting profession in Australia and South-East Asia provides evidence of the importance of three attributes - brand/reputation, international recognition of qualifications and career opportunities - in the decision to join a professional accounting body. While these attributes are important, logit regression models indicate that they are not discriminatory in the choice of professional body and suggest a perception of a collective, undifferentiated accounting profession. The marketing of brand/reputation and membership benefits may be a more efficient and effective strategy in attracting members and differentiating the profession if undertaken by a combined or coordinated professional body. [ABSTRACT FROM AUTHOR]

This study reports the results of a comparative study of American business schools and Australian schools of commerce regarding utilization of field-based consultancy and associated critical variables. Respondents in the survey were 141 deans of Association to Advance Collegiate Schools of Business (AACSB) accredited business schools in the United States and 71 heads of Australian commerce programs. Overall, student field-based consultancy is widely used in both countries. This indicates that it should be possible to implement international field-based consultancies between American and Australian business schools, which would, in turn, lead to increased potential for international study abroad for business students of both countries. [ABSTRACT FROM AUTHOR]

Reciprocal effects of relationship commitment on exporter-importer relationships are tested with data from 125 pairs of Australian-Thai exporter-importer relationships. Relationship performance is modeled as a function of each party's commitment toward the other partner. This commitment is driven by a reciprocal cycle of each partner's perception of the other's commitment, relationship-specific investments, and dependence. The findings support the overall model, highlighting the importance of reciprocal nature of commitment and its impact on exporter-importer relationships. [ABSTRACT FROM AUTHOR]

In this article we develop a long-run systematic liquidity measure by augmenting the standard model with a lagged dependent variable. Our empirical application involves a large sample of Australian equities and we find pervasive evidence of long-run commonality in liquidity. We also find evidence of a mean reversion tendency for time-varying liquidity beta. This result implies that the liquidity movement in the stock market maybe more influenced by noise traders' activity rather than informed traders' activity. [ABSTRACT FROM AUTHOR]

This essay considers the Australian approach to Asian regionalism during the tenure of the government led by John Howard. Its main focus is the official Australian policy towards ASEAN, the ASEAN Regional Forum and the East Asian Summit. The Howard-Downer administration exhibited a degree of scepticism of the various institutional and norm-oriented embodiments of 'Asia' and evinced a preference for bilateralism (first economic but later strategic bilateralism) but was prepared to make some contribution to the improvement of wider regional governance practices. In the context of the continuing economic and strategic rise of China, and despite taking great trouble to facilitate mutually beneficial trading relations, the Howard government nevertheless pursued the institutionalisation of defence cooperation with Japan. Given the relentless impact of globalisation, it is unclear how far these policy priorities can be maintained. [ABSTRACT FROM AUTHOR]

We investigate whether the use of a high-quality auditor and increased regulatory monitoring of R&D reporting influence both the level of R&D expenditure capitalized by Australian companies from 1992 to 2002 and the market's perception of the reliability of these figures. The results indicate that firms with a higher quality auditor capitalize lower levels of R&D costs, and that in the period following increased regulatory monitoring, firms capitalize fewer R&D costs. Analysis of the value relevance of R&D expenditure indicates that the market positively values R&D costs when expensed as incurred. These results are consistent using both price and returns models. Results are less persistent for capitalized R&D amounts. The finding from the returns model indicates that the quality of the auditor appears to enhance the reliability of capitalized R&D costs, while the price model suggests that the cumulative R&D asset is less relevant in the period following ASC monitoring. [ABSTRACT FROM AUTHOR]

Well aware that it is the consumer who makes or breaks an advertisement, the advertising industry has long paid close attention to its audience. However, advertising historians have generally overlooked the industry’s efforts to define the consumer and the impact this has had upon advertisements and the advertising industry itself. By examining the changing conceptualisation of the Australian consumer featured in the locally produced advertising literature during the early twentieth century, this study offers an insight into the inner workings of Australia's fledgling advertising industry. It demonstrates the ways in which advertising interacted with the world around it. [ABSTRACT FROM AUTHOR]

The regulatory environment in which the Australian life insurance industry operates has its antecedents in two major periods of legislative intervention. The first established the principle of‘freedom with disclosure’ in the 1870s, which has since formed the basis of the regulatory approach. In the 1940s, the second refined the concept in the context of a general recognition of an interventionist approach to financial markets. It is suggested that regulation of the life insurance market in Australia came about not in response to problems associated with market failure but in reaction to external influences not directly related to conditions in the Australian life insurance industry. This was impacted not only on the timing of intervention but on the approach taken as well. [ABSTRACT FROM AUTHOR]

This article examines the pricing of the exchange-trade barrier options. The pricing of barrier options may be compared both with their theoretical valuations and with the pricing of otherwise identical European options. In this study, barrier options traded on the Australian Stock Exchange are used for comparison between various barrier option prices. Observed barrier option prices are found to be greater than modeled barrier option prices, while observed European option prices are found to be less than modeled European option prices.

This exploratory research utilised the Lumpkin and Dess (1996) Entrepreneurial Orientation (EO) construct, as a means of characterising the extent to which Australian music recording companies were entrepreneurial. Utilising the five EO dimensions, the study found those record companies that had a moderate to high entrepreneural rating tended to be high export performers. Best practice companies were identified and a profile of some key export success factors developed. Overall, this study provides a sound starting point for business practitioners wanting to review the impact of their entrepreneurial orientation in an international setting. [ABSTRACT FROM AUTHOR]

The Business Longitudinal Survey (BLS) was designed to provide information on the growth and performance of Australian employing businesses and to identify selected economic and structural characteristics of these businesses. The coverage of the survey is extremely broad; it includes new and existing businesses, industrial relations and business operational information, business practices and intentions and business performance and competitiveness. The unit of reference for the BLS is the management unit. The management unit is the highest level accounting unit within a business, having regard for industry homogeneity, for which accounts are maintained. The aim of the BLS was to provide information on the growth and performance of Australian employing businesses and to identify selected economic and structural characteristics of these businesses. To a large extent, these aims have been met by the BLS. Although the coverage of the survey is extremely broad, the information released from the BLS is of a high quality.

Discusses the issue of business-to-business e-commerce implementation and the factors affecting it, considering the appropriateness of the various theories which underpin research into systems implementation (primarily diffusion of innovation and traditional change management theory). Describes the results of a case study of BHP Steel, the largest steel producer and one of the largest companies in Australia, which is a leader in e-commerce implementation. The results suggest that, over time, the driving force for e-commerce changed significantly. From an initial push to improve current business processes by adopting EDI to achieve savings and improve efficiency, the company came to be driven by a desire for greater supplier involvement and customer service in later implementations. Discusses the ways in which BHP Steel's e-commerce innovations have changed and suggests that, in addition to considering the characteristics of the innovation process, other more contextual aspects of implementation (such as the social system in which the innovation evolves and the timing of the innovation's introduction) be considered in an inter-organizational context. [ABSTRACT FROM AUTHOR]

The announcement effects are examined on shareholder returns of Australian companies introducing dividend reinvestment plans (DRPs) with a range of price discounts on the reinvestments. Finnerty argues that the price discount results in a transfer of wealth from non-participants to participants and the greater the discount, the greater is the amount of wealth transferred (Finnerty, J. D. 1989. New issue dividend reinvestment plans and the cost of equity capital. Journal of Business Research, 18,127-39). The wealth transfer argument predicts the announcement effect to be zero or negative, but Hansen et al. suggest that this discount should be viewed as a flotation cost, and if the discount is established in accordance with value maximization principles, the impact should be either positive or zero (Hansen, R. S., Pinkerton, J. M. and Keown, A. J. 1985. On dividend reinvestment plans: the adoption decision and stockholder wealth effects. Review of Business and Economic Research, 20, 1-10). The results indicate that Australian shareholders responded positively to the introduction of DRPs offering a 7.5% discount, but indifferently to DRPs with a discount of 5% or 10%. These results appear to support the predictions of the flotation cost hypothesis. [ABSTRACT FROM AUTHOR]

Interprets estimates of the short- and long-run influence of exchange-rate volatility or risk on the volume of trade of Australia and New Zealand in the generalized floating exchange-rate period. Estimation of a unique, theoretically consistent long-run function; Estimation of the short-run dynamic demand function.

The article discusses the results of the survey on the application of business process reengineering (BPR) Australian-based companies. Sixty percent of the respondents have undertaken BPR. At the end of 1995, BPR activity is at highest point in the country. The fundamental reasons behind the decision of the companies to apply BPR include competitive pressures and intense need to cut costs. For the success of BPR in terms of goal attainment, the respondents consider several strategies. It include customer service, cost reduction, quality achievement and time reduction.

Focuses on the enhancement of trade and economic cooperation between Korea and Australia. Details about the Asia-Pacific Economic Cooperation trade policy imperatives affecting the Asia-Pacific region; Trends of the Korean and Australian trade; Intensity between Korean and Australian trade.

Features some business issues discussed at the Gateway to Australia trade summit held in March 2005. Challenges faced by the business sector in the country; Business opportunities for New Zealand exporters in Australia; Guidelines to exporting to Australia. INSET: Sector opportunities for exporters.

A speech is presented by Grant King, President of the Business Council of Australia on 10 December 2018. Topics discussed include maintaining balance between jobs and opportunity, and a healthy economy for making economic growth; critical importance of economic growth in meeting community expectations; and role of business in delivering such growth.