Grants and Projects

2012



Fundamental Uncertainty, Excess Cash Holdings, and Investment

Team: (John) Hong Feng Zhang, Dr Howard Chan

The recent global financial crisis underscores the need for a better understanding of the relationship between investment and corporate cash policy. With uncertain and tight credit market, some firms are struggling to meet their cash needs whereas firms with large cash reserves are able to gain market shares by using more aggressive competition strategies. As a result of the financial crisis, firms are drifting away from their value-maximizing investment choices. This project aims to empirically investigate how financial constrains, corporate governance, and fundamental uncertainty could affect the relationship between cash holdings and investment in Australia.

Year Total
2012 $4,500 Funding Body: Australian Centre for Financial Studies
Primary FoR: 1501 Banking, Finance and Investment
Administering Organisation: Deakin University

The Information Content of Bank Loan Announcements on Borrower Stock Returns and Liquidity

Team: Dr Huu Nhan Duong, Dr Harminder Singh

This project investigates the effect of bank loan announcements on borrowers' stock returns and liquidity. Examining Australian bank loan announcements during the period between 1999 and 2010, the study will shed light on the information content of these announcements during normal and crisis periods. The study will make important contributions to the overall empirical literature on the importance of bank as producers and transmitters of information in financial markets.

Year Total
2012 $5,800 Funding Body: Australian Centre for Financial Studies
Primary FoR: 1501 Banking, Finance and Investment
Administering Organisation: Deakin University

An international study of seasoned equity offerings: long term returns, earnings management, liquidity, ownership structure, and financial crisis.
DP120101620 [ARC]

Team: A/Prof Balasingham Balachandran, Dr Huu Nhan Duong, Dr Michael F Theobald, Gul, Prof A Ferdinand

This study will provide critical insights into the impact of alternative mechanisms for seasoned equity offerings on liquidity and firm value. Considering the lack of confidence in financial markets during the financial crisis, this study will have significant implications regarding the current use and regulation of seasoned equity offerings.

Year Total
2012 $70,000 Funding Body: Australian Research Council
Primary FoR: 1502 Banking, Finance and Investment
Administering Organisation: La Trobe University
2013 $70,000
2014 $70,000

Exploring Models of Accounting Education and IESs Adoption by Professional Bodies and Tertiary Institutions in Australia, Japan and Sri Lanka

Team: Professor Kim Watty, Satoshi Sugarhara, Luckmika Perera

This research will explore accounting education models and the level of awareness and understanding by academics and professional bodies of International Education Standards (IES) in three diverse countries – Australia, Japan and Sri Lanka. Upon completion of the project, the research team will have developed:

  • A report for IAESB detailing the research process, findings and recommendations for incorporation of the research findings into the IAESB decision-making process;
  • An issues paper highlighting similarities and differences across three distinct countries in relation to education systems and IESs awareness, understanding and adoption by IFAC member bodies and tertiary institutions;
  • A research model that can be used in other IFAC member countries designed to generate information of a similar type to that gathered in this research (education models, IESs awareness and adoption); and,
  • Refereed academic papers and conference presentations designed to raise the awareness of IESs, and to develop a better understanding of the complexities, opportunities and barriers of IESs adoption in different countries.
Year Total
2011 $20,000 Funding Body: IAAER/ACCA
Primary FoR: 1501 Banking, Finance and Investment
Administering Organisation: Deakin University
2012 $10,000

An approach to preserving accounting and business archival materials: enhancing accessibility to inform research and practice
LP100200261 [ARC]

Team: A/Prof Bradley N Potter, A/Prof Monica Keneley, Prof Colin B Ferguson, Mr Phillip E Cobbin, Prof Brian West, Dr Mark D Wilson

CPA Australia is one of the oldest professional accounting associations in the world. Its archival records provide invaluable insights into the development of the profession and the business community it services. The preservation and management of this heritage will be of benefit not just to the profession but also in enhancing our understanding of the evolution of the corporate foundation of the economy. This project will involve the development of a framework for managing the archive and facilitating access through the use of digital technologies.

Year Total
2010 $35,000 Funding Body: Australian Research Council
Primary FoR: 1503 Business and Management
Partner/Collaborating Organisations: CPA Australia, National Archives of Australia
Administering Organisation: Melbourne University
2011 $65,000
2012 $70,000
2013 $40,000

Risk Management Systems and Implications for Carbon Reporting and Reduction - A study of Australian Carbon Intensive Firms.
LP110100234 [ARC]

Team: Prof Nava Subramaniam, Prof Paul M Collier, Prof Barry J Cooper, Prof Colin B Ferguson, Prof Philomena Leung, Prof Graeme L Wines

This research will help Australian firms develop more efficient and effective governance over the risk management and reporting on greenhouse gas (GHG) emissions. Consequently, higher quality decision-making and resource usage at the firm, market and community levels will occur as firms are identified by their GHG emission activities and outcomes.

Year Total
2010 $60,000 Funding Body: Australian Research Council
Primary FoR: 1501 Accounting, Auditing and Accountability
Partner/Collaborating Organisations: ACCA Australia and New Zealand, Institute of Internal Auditors Australia
Administering Organisation: Deakin University
2012 60,000
2013 65,000

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