This article reports the results of a study of the underpricing of initial public offerings under the Corporations Law. The authors commence by outlining a number of theories that have been advanced to explain the persistent underpricing of the issuing company's shares. The authors then examine...

Towards the end of last year, the Area Editors had a long and fruitful discussion as to role that the Australian Journal of Management could play in enhancing management research within Australia, regionally, and on a global basis. We had fairly universal support that the Journal was not just...

We investigate the valueâ€relevance of capitalised R&D on the balance sheet, and the extent to which R&D accruals improve the association between accountingâ€based measures of firm perfor Mance and capital market returns for Australian listed companies. This is a regulatory setting where...