Purpose – This paper aims to examine mutual fund investors' response to mergers of Australian mutual fund companies. Design/methodology/approach – Two matching-control techniques are employed to analyse the impact of mergers on excess money in and out of open and closed funds involved in the...

Purpose – The purpose of this research is to consider whether market wide herding occurs intraday. Design/methodology/approach – Using the 1995 Christie and Huang and the 2000 Chang et al. models, the paper tests whether market wide and industry sector herding occurs intraday in the...

Purpose – The purpose of this study is to examine the usefulness of pre-production cash expenditure forecasts issued by Australian mining explorers in their quarterly cash-flow reports. Design/methodology/approach – Usefulness is determined by examining compliance and the reliability of...

Purpose – This paper aims to examine the impact of crude oil prices on Australian industry stock returns. With rising energy prices, it is important to consider oil as a pricing factor in asset pricing models. Design/methodology/approach – Multifactor static and dynamic models consider crude...

Most studies of intra-industry trade (IIT) in manufacturing exclude the processed food sub-sector (standard international trade classification (SITC) subgroups 0-1) from their analysis on the grounds that trade in this category is predominantly determined by the availability of natural resources...