Although scholars and policy makers have widely acknowledged the importance of so-called high-technology industries as drivers of economic change, they have paid insufficient attention to the interaction between high-tech sectors and the remainder of the economy in developed countries. We...

An important puzzle in international macroeconomics is the exchange rate disconnect puzzle. Based on recent empirical literature by Mussa (1986), Baxter and Stockman (1989), and Flood and Rose (1995), high exchange rate volatility under floating rates appear not to be related to the high...

This study investigates the impact of the New Tax System and other factors on the capital structure of the Australian listed real estate property enterprises. Hypotheses utilising Static Trade-off, Pecking Order and Market Timing theories are empirically examined using a series of the taxes...

Using the framework of the business model developed in Rasmussen (2007b) this paper presents an outline of the traditional pharmaceutical company business model, and how it has responded to the new biotechnology. Biotechnology is a radical innovation which has a very different technological...

This study addresses mergers and acquisitions in Australia, particularly fluctuations in the merger rate, the role of the business cycle in such fluctuations, the reasons for mergers and their role in explaining any cyclical variability and the parallels between the timing of merger fluctuations...

The Australian Trade Deficit (TD) has been increasing in the past 50 years, and this deficit has become more significant in the last few decades. This rising TD level in Australia has brought the national debt level to a new height, making this country one of the world?s highest debt-ridden...

With the rapid development of the global economy, intellectual capital has become a critical driver of a business's sustainability. The essential difference between companies operating in the 'old' and the 'new' economy is that, where value in the past was created within industrial sectors such...

Trust is frequently a requirement for economic exchanges and the management of natural resources. Providing public informaiton on past actions can promote trust through the formation of reputations. We developed an economic experiment to test whether a formal reputation mechanism could...

Part I: Theoretical foundations of bargaining research -- Chapter 1: Field Experiments in Bargaining -- Chapter 2: Commitment Tactics in Bargaining -- Chapter 3: The Role of Emotions in Bargaining -- Chapter 4: New Empirical Perspectives on Bargaining -- Chapter 5: Reputational Bargaining --...