In this study, pooled time-series, cross-sectional data on 110 Australian companies over the period 1992-1998 is employed to examine whether EVA® is more highly associated with stock returns than conventional accounting-based measures: namely, earnings before extraordinary items, net cash flow...

This paper employs a Generalized Autoregressive Conditional Heteroskedasticity in Mean (GARCH-M) model to consider the effect of macroeconomic factors on Australian property returns over the period 1985 to 2002. Three direct (office, retail and industrial property) and two indirect (listed...

This paper employs a Generalized Autoregressive Conditional Heteroskedasticity in Mean (GARCH-M) model to consider the effect of macroeconomic factors on Australian property returns over the period 1985 to 2002. Three direct (office, retail and industrial property) and two indirect (listed...

With increasing pressure on firms to deliver shareholder value, there has been a renewed emphasis on devising measures of corporate financial performance and incentive compensation plans that encourage managers to increase shareholder wealth. One professedly recent innovation in the field of...

With increasing pressure on firms to deliver shareholder value, there has been a renewed emphasis on devising measures of corporate financial performance and incentive compensation plans that encourage managers to increase shareholder wealth. One professedly recent innovation in the field of...

In this paper, we use panel data from the 2001–10 waves of the Household, Income, and Labour Dynamics in Australia (HILDA) survey to investigate the changing financial risk attitudes of Australian households, focusing on changes in macroeconomic conditions. This is an important concern because...

Life events may alter the circumstances and life trajectory, depending on their magnitude, duration and whether or not it was foreseen. The responses to these life events are likely to be influenced by personal appraisal of the event, coping skills, access to effective support networks,...

As advocates of financial literacy education, it is a hard pill to swallow when data show little impact on financial behaviours. Unfortunately, our expectations that university students with higher levels of financial literacy have reduced money management stress and good behaviours, leading to...

It is a staggering statistic that half of the population consistently outperform the remainder when it comes to financial literacy. But could the measurement tools have inherent gender bias? This study investigates the reasons for selecting the non-response option in financial literacy...

Although tertiary study is strongly associated with positive wealth outcomes, for those on the margin student debt can be a deterrent, a source of financial stress, or an indicator of irresponsible bad financial behaviour. In Australia, recent debate regarding the income-contingent loan (ICL)...