Grants and Projects 2012
- Fundamental Uncertainty, Excess Cash Holdings, and Investment
- The Information Content of Bank Loan Announcements on Borrower Stock Returns and Liquidity
- ARC Discovery Project: An international study of seasoned equity offerings: long term returns, earnings management, liquidity, ownership structure, and financial crisis
- Exploring Models of Accounting Education and IESs Adoption by Professional Bodies and Tertiary Institutions in Australia, Japan and Sri Lanka
- Australian Domestic Demand Elasticities for Rural Marketing and Policy Analysis
- ARC Linkage Program: An approach to preserving accounting and business archival materials: enhancing accessibility to inform research and practice
- ARC Linkage Program: Risk Management Systems and Implications for Carbon Reporting and Reduction - A study of Australian Carbon Intensive Firms
Fundamental Uncertainty, Excess Cash Holdings, and Investment
Funding Body: the Australian Centre for Financial Studies
Description: 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.
Team: (John) Hong Feng Zhang, Dr Howard Chan
2012 $4,500
Primary FoR: 1501 BANKING, FINANCE AND INVESTMENT
Administering Organisation: Deakin University
The Information Content of Bank Loan Announcements on Borrower Stock Returns and Liquidity
Funding Body: the Australian Centre for Financial Studies
Description: 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.
Team: Dr Huu Nhan Duong, Dr Harminder Singh
2012 $5,800.00
Primary FoR: 1501 BANKING, FINANCE AND INVESTMENT
Administering Organisation: Deakin University
ARC Discovery Project: An international study of seasoned equity offerings: long term returns, earnings management, liquidity, ownership structure, and financial crisis. DP120101620
Funding Body: Australian Research Council
Description: 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.
Team: A/Prof Balasingham Balachandran, Dr Huu Nhan Duong, Dr Michael F Theobald, Gul, Prof A Ferdinand
2012 $70,000.00
2013 $70,000.00
2014 $70,000.00
Primary FoR: 1502 BANKING, FINANCE AND INVESTMENT
Administering Organisation: La Trobe University
Exploring Models of Accounting Education and IESs Adoption by Professional Bodies and Tertiary Institutions in Australia, Japan and Sri Lanka
Funding body: IAAER/ACCA
Description: 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.
Team: Professor Kim Watty, Satoshi Sugarhara, Luckmika Perera
2011 20,000
2012 10,000
Primary FoR:1501
Partner/Collaborating Organisation(s): N/A
Administering Organisation:Deakin University
Australian Domestic Demand Elasticities for Rural Marketing and Policy Analysis
Funding body: Rural Industries Research and Development Corporation
Description: This project will produce an integrated set of food demand elasticities for Australia using contemporary estimation techniques and based on two latest Household Expenditure Surveys conducted by the ABS. The project will focus on a wide and disaggregated definition of household food demand and provide long run responsiveness of food demand at the household level. The outcome of the project will help formulate strategic industry planning in the agri-food sector and provide an accessible basic reference source for market and policy analysts.
Team: Associate Professor Mehmet Ulubasoglu, Dr. Debdulal Mallick, Dr. Mokhtarul Wadud , Associate Professor Phillip Hone and Dr. Henry Haszler 2011 29,593
Primary FoR: 1402 Applied Economics
Partner/Collaborating Organisation(s): Rural Industries Research and Development Corporation
Administering Organisation: Deakin University
ARC Linkage Program
An approach to preserving accounting and business archival materials: enhancing accessibility to inform research and practice
LP100200261
Funding body: Australian Research Council
Description:
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.
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
| 2010 | 35,000 |
| 2011 | 65,000 |
| 2012 | 70,000 |
| 2013 | 40,000 |
Primary FoR: |
1503 |
Business and Management |
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Partner/Collaborating Organisation(s): |
CPA Australia, National Archives of Australia |
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Administering Organisation: |
Melbourne University |
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Risk Management Systems and Implications for Carbon Reporting and Reduction - A study of Australian Carbon Intensive Firms
LP110100234
Funding body: Australian Research Council Description: 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.
Team: Prof Nava Subramaniam, Prof Paul M Collier, Prof Barry J Cooper, Prof Colin B Ferguson, Prof Philomena Leung, Prof Graeme L Wines
| 2011 | 60,000 |
| 2012 | 60,000 |
| 2013 | 65,000 |
Primary FoR: |
1501 |
Accounting, Auditing and Accountability |
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Partner/Collaborating Organisation(s): |
ACCA Australia and New Zealand, Institute of Internal Auditors Australia |
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Administering Organisation: |
Deakin University |
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