Given the continuing uncertainty about whether family firms enjoy lower agency costs, this article hypothesizes that a combination of the effects of family ownership, altruism and self-control is instead at play. To begin with, family ownership can indeed reduce agency costs through better...

Purpose – The purpose of this paper is to examine the investment characteristics of works by leading Australian artists. Design/methodology/approach – About 35,805 paintings by 45 leading Australian artists sold at auction are used to construct individual hedonic price indices. The...

Purpose – The purpose of this paper is to examine the investment characteristics of works by leading Australian artists. Design/methodology/approach – About 35,805 paintings by 45 leading Australian artists sold at auction are used to construct individual hedonic price indices. The...

This paper estimates economies of scale and scope for 55 major Australian urban utilities over the period 2005/06 to 2008/09. The models used specify operating and capital costs as a function of chemical and microbiological compliance, water losses, water quality and service, water main breaks,...

This paper examines the short and long‐term comovements among UK regional property markets over the period 1976‐2001. The markets examined are London, Outer South East, East Anglia, South West, East Midlands, West Midlands, Yorkshire and Humberside, North and North West. Multivariate...

Purpose: This paper aims to investigate the determinants of women representation on Australian corporate boards under the ASX’s “if not, why not” corporate governance framework. It further aims to improve the study of Geiger and Marlin (2012) by using a theoretically sound two-limit Tobit...