The issue of whether foreign exchange risk is priced in financial markets is important in the context of international investment and diversification. Primarily using daily data, we implement a two-factor asset pricing model (incorporating a market factor and an exchange rate factor) in an...

Prior to President de Klerk's historic announcement on February 2 1990 of fundamental political change, South Africa was the subject of extreme economic and political isolation. As a result of this announcement, it would be expected that South Africa's financial markets transformed from a state...

Understanding how undergraduate students choose a particular degree program and Unviersity has significant implications for attracting and retaining students. A review of marketing and education literature on the topic identified several constructs, such as personal values, motivation, selection...

The purpose of this paper is to examine both the volatility and beta patterns of thirteen sub-indices on the Australian Stock Exchange using daily data over the period June 1992 and June 2001. The sub-indices considered include the ASX20 Leaders. ASX200. ASX'OO. All Industrials. All Resources....

A pilot study has been conducted to investigate the interest by international postal organisations in a 'knowledge base' containing case studies of innovations in postal services, to be delivered by the industry's governing body, the Universal Postal Union (UPU).The study analysed the current...

The paper compares two alternative techniques for the modelling of the determinants of sovereign ratings, specifically, ordered probit and case-based reasoning. Despite the differences in approach the two alternative modelling approaches produce similar results in terms of which variables are...

We investigate the role of foreign currency derivatives (FCD) in alleviating foreign exchange rate exposure of Australian firms. While there is some evidence that the use of FCD reduces the level of ex-post short-term exposure, such an effect is absent with regard to the degree of foreign...

In this article we discuss management accounting theory. We discuss the motivation for and roleof theory in management accounting, arguing that theories in an applied field such asmanagement accounting should provide explanations that are useful for those we study -managers, organizations and...

This paper investigates the association between industry concentration and stock returnon equity, persistence of returns and market to book value ratios of stocks in Australiabetween 1991 and 2003. During this period the market to book value ratios of firmsincreased steadily. Consistent with...

This study theoretically develops the exploratory findings from Hansen and Van derStede (2004), regarding alternative reasons to budget (RtB) in firms. Fouroperational RtB?s are proposed, which are developed from the two operational RtB?sused by Hansen and Van der Stede (2004). Using a similar...