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Wage determination has been the subject of an immense amount of study and controversy in recent years in Australia. In most of the Australian wage equations, either the profit variable has been omitted or specifically rejected. This study tests the hypothesis that the rate of change of money...
Employing a portfolio approach which controls directly for the sign (indirectly for the magnitude) of unexpected earnings, this study examines the stock market's reaction to qualified audit reports. There is no substantive evidence that qualifications affect equity prices in the month of their...
Several asset pricing models have been developed in the literature, all of which can be treated as special theoretical cases of the Arbitrage Pricing Theory (APT). This paper examines aspects of the factor structure implicit in securities' monthly return data. Part of the approach is directly...
This study examines the relationship between managers' reliance on accounting based performance measures and their perceptions of role ambiguity. The sensitivity of this relationship to both job function (i.e. production versus non-production) and job structure is explored. The strong...
This paper explains the share market's response to Australian takeover bids. Both successful and unsuccessful bids are considered. Two issues are addressed. Firstly, takeovers are viewed in terms of corporate investment decisions; the profitability of these decisions to the offeree and to the...
Theory and evidence across several organisational literatures identify a complex and ill defined set of factors which relate to support in managerial work teams. This article delineates a pattern of relationships among a set of theoretically relevant and contiguous variables including job...
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