This article analyses the overall ratings given to individual companies listed in the 'Morningstar Stocks 2005', using information provided on the company in that publication. We conduct our analysis using an ordered probit model. We find that the moat size and business risk variables identified...

This article reports on some of the direct costs of raising equity capital by closed-end fund licensed investment company (LIC) initial public offerings (IPOs) in Australia from 1995 to 2005. The amount of underpricing by these IPOs is also identified. The average total direct costs amounted to...

This article presents an estimation and analysis of the Hurst exponent for Australian stocks using the wavelet technique. Consistent with Mulligan's (2004) study of US technology stocks, we find that the Hurst exponent varies over the cross-section of stocks. We also analyse Mulligan's (2004)...

This paper uses information on the top ten downloaded papers from Econbase journals to construct ranking lists of countries and institutions. These results are then compared to equivalent ranking lists which have been constructed on publication outputs. Consistent with the rankings on...

Managers often try to forecast dividends because as Brown et al . (2002) suggest, dividends have cash flow implications for investors and are important signalling devices. This study analyses the dividend forecasts in the prospectuses of initial public offerings (IPOs) in Australia over the...

This study analyses the use of cash as an asset class by professional funds managers and compares the returns generated over time by these fund managers with a direct investment in three 'risk free'; interest rate securities -- overnight cash, a 180 day bank bill and a medium term Commonwealth...