This note examines the holiday effect in Australian daily stock returns at the market and industry level and for small capitalization stocks from Monday 9 September 1996 to Friday 10 November 2006. The eight annual holidays specified are New Years Day, Australia Day (26 January), Easter Friday...

This study examines the transmission of returns and volatility among eight major art markets. The art indices included in the analysis are Contemporary Masters (CM), 20th Century English (TE), 19th Century European (NE), French Impressionist (FI), Modern European (ME), Modern US Paintings (US),...

This article examines the weak-form market efficiency of the Australian stock market. Daily returns from 6 January 1958 to 12 April 2006 and monthly returns from February 1875 to December 2005 are examined for random walks using serial correlation coefficient and runs tests, augmented...

This article examines the dynamic relationship between the Reserve Bank of Australia's (RBA's) cash rate and the variable interest rate for lending to small businesses. The relationship is evaluated via an asymmetric GARCH model using monthly data spanning from August 1990 to October 2012. Our...

This article presents a cross-sectional model for forecasting research output across the Australian university system. It builds upon an existing literature that focuses either on institutional comparisons or studies of specific subjects, by providing discipline-specific results across all of...

This article examines technical and pure technical efficiencies of 10 major financial institutions in Botswana during the period 2001 to 2006 using Data Envelopment Analysis (DEA). To obtain more robust and reliable results, the sensitivity of our efficiency indices were put to test by choosing...

The purpose of this paper is to investigate the effect of real government capital expenditure on GDP in the Iranian economy using annual time series data for the period 1959-1992 employing superexogeneity test. It is found that government capital expenditure has an important positive effect on...

The purpose of this article is threefold. First, we measure both technical and scale efficiency of major Australian banks during the period 2006 to 2012 using data envelopment analysis (DEA). Second, the robustness and sensitivity of efficiency scores are tested based on a bootstrap approach....

The objective of this paper is to identify high employment industries in Australia, Japan and the USA using input-output (IO) analysis. It is found that (1) the high and low employment-generating industries in 1980 and/or 1990 are almost the same as those in 1997. Thus on a relative basis, there...