In this paper the relationship between leverage, performance and a firm’s ownership structure is investigated. It is an exploratory study based on listed firms in China, that is all firms listed on the Shanghai and Shenzhen stock exchanges from 1999 to 2005. The results of an empirical...

[Abstract]: This paper constructs the float adjusted measure of home bias and explores the determinants of Australia’s equity home bias by employing the International Monetary Fund’s high quality dataset (2001 to 2005) on cross border equity investment. On the empirical front, the paper...

In this article we examine whether the benchmark asset allocations recommended by financial planning groups for Australian private investors are optimal when measured against the mean-variance criterion of Modern Portfolio Theory. Using historical data for the relevant indices, the mean-variance...

[Abstract]: The rapid increase in international capital flows is one of the most significant developments in the global economy in recent decades. International portfolio diversification brings potential benefits to investors by offering investors the opportunity to insulate their portfolios...

This paper focuses on the dynamics of international financial integration for a set of 13 industrial countries1 including Australia over the period 1990 to 2003 by analysing data on the level and composition of foreign assets and liabilities. The objective of the study is to provide insights...

In this article, we analyse the geography ofAustralia’s international portfolio investmentusing the International Monetary Fund’s CoordinatedPortfolio Investment Survey dataset.Preliminary results suggest that Australia’s externalholdings of equity and debt as a percentageof national...

The purpose of this paper is to determine whether self-managed superannuation fund (SMSF) trustees earn: the equity risk premium or any premium to the riskless rate of interest. Design/methodology/approach - Using a sample of 100 SMSFs, the average annual returns since inception of the funds in...

My research question is: Why do countries with similar rates of saving differ in economic growth? My thesis addresses this question by formulating an endogenous growth model using the Cobb-Douglas production function. My model disaggregates the rate of saving into the retention ratio and the...