Among the range of policy options available to improve personal financial decision making are personal finance financial education interventions. Notwithstanding calls to expand delivery of such courses at university level, there is relatively limited evidence of their effectiveness. We provide...

This paper focuses on the links that exist between corporate governance attributes and equity agency conflicts for the top 500 Australian listed firms. Our proxies for equity agency conflicts (asset utilisation and discretionary operating expense ratios) vary significantly across firms and are...

The pricing of commodity futures contracts is important both for professionals and for academics. It is often argued that futures prices include a convenience yield and this paper uses a simple trading strategy to approximate the impact of convenience yields. The approximation requires only...

The use of futures prices to predict commodity cash prices is important both to practitioners and researchers yet the literature provides conflicting results on the ability of futures prices to predict cash prices. Brenner and Kroner (1995) argue that if the cost of carry model applies to...

A time series test of the cost of carry model, including stock level effects, is reported for the lead futures contract traded at the London Metal Exchange (LME). The test uses quarterly time series observations spanning March 1976 to June 1995. Phillips Perron and Augmented Dickey Fuller unit...

The relative performance of small versus large funds has generated some interest in the literature yet there is little empirical evidence to support the existence of superior small fund performance relative to large fund performance. Berk and Green (2004) provide one explanation. They argue...