To see the other types of publications on this topic, follow the link: Portfolio management – Australia.
Journal articles on the topic 'Portfolio management – Australia'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Portfolio management – Australia.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Andersson, Tommy Daniel, Don Getz, David Gration, and Maria M. Raciti. "Event portfolios: asset value, risk and returns." International Journal of Event and Festival Management 8, no. 3 (October 9, 2017): 226–43. http://dx.doi.org/10.1108/ijefm-01-2017-0008.
Full textAbstract:
Purpose The research question addressed is whether an event portfolio analysis rooted in financial portfolio theory can yield meaningful insights to complement two approaches to event portfolios. The first approach is extrinsic and rooted in economic impact analysis where events need to demonstrate a financial return on investment. In the second approach events are valued ally, with every event having inherent value and the entire portfolio being valued for its synergistic effects and contribution to social and cultural goals. The paper aims to discuss these issues. Design/methodology/approach Data from visitors to four events in the Sunshine Coast region of Australia are analyzed to illustrate key points, including the notion of “efficient frontier.” Findings Conceptual development includes an examination of extrinsic and intrinsic perspectives on portfolios, ways to define and measure value, returns, risk, and portfolio management strategies. In the conclusions a number of research questions are raised, and it is argued that the two approaches to value event portfolios can be combined. Research limitations/implications Only four events were studied, in one Australian local authority. The sample of residents who responded to a questionnaire was biased in terms of age, education and gender. Social implications Authorities funding events and developing event portfolios for multiple reasons can benefit from more rigorous analysis of the value created. Originality/value This analysis and conceptual development advances the discourse on portfolio theory applied to event management and event tourism.
2
Lin, Yu-Cheng, Chyi Lin Lee, and Graeme Newell. "The added-value role of industrial and logistics REITs in the Pacific Rim region." Journal of Property Investment & Finance 38, no. 6 (June 18, 2020): 597–616. http://dx.doi.org/10.1108/jpif-09-2019-0129.
Full textAbstract:
PurposeAs significant listed property investment vehicles, industrial and logistics REITs (I&L REITs) have recently enhanced their property portfolios, often replacing the traditional industrial properties with logistic properties to gain strategic exposure to recent e-commerce trends. This paper aims to assess the investment performance of I&L REITs by assessing the significance, risk-adjusted performance and portfolio diversification benefits of I&L REITs in the Pacific Rim region from July 2011 to December 2018. The strategic property investment implications for I&L REITs are also identified.Design/methodology/approachMonthly total returns from July 2011 to December 2018 were used to analyse the risk-adjusted performance and portfolio diversification benefits for I&L REITs in the United States, Japan, Australia and Singapore. An asset allocation diagram was employed to assess the strategic role of I&L REITs in a mixed-asset portfolio in each case.FindingsI&L REITs generally possessed superior average annual returns compared with the other sub-sector REITs, stocks and bonds in the United States, Japan, Australia and Singapore between July 2011 and December 2018, with desirable portfolio diversification benefits. Importantly, a more significant role for I&L REITs was generally observed in the mixed-asset portfolio compared to the other sub-sector REITs in each of these four markets across the broad portfolio risk spectrum. This reflects I&L REITs delivering enhanced portfolio returns and offering portfolio diversification benefits in a mixed-asset portfolio in the United States, Japan, Australia and Singapore.Practical implicationsProperty investors, particularly property securities funds (PSFs) and income-oriented investors, should consider including I&L REITs in their mixed-asset portfolios, as Pacific Rim–based I&L REITs provided an attractive REIT investment sub-sector, co-existing alongside the other sub-sector REITs and major asset classes in a mixed-asset portfolio in a Pacific Rim context, as well as being a portfolio diversifier. These results confirm the added-value and strategic role of I&L REITs in a mixed-asset portfolio, seeing I&L REITs as an effective investment pathway for I&L property exposure in the Pacific Rim region.Originality/valueThis is the first study to assess the investment performance of I&L REITs in the Pacific Rim region, evaluating their significance, risk-adjusted performance and portfolio diversification benefits, and the role of I&L REITs in a mixed-asset portfolio in the United States, Japan, Australia and Singapore. More importantly, this research is the first paper to provide empirical evidence on I&L REITs, which have often transformed their traditional industrial property portfolios with increased levels of logistics property to gain exposure to recent e-commerce trends. This research enables more informed and practical property investment decision-making regarding I&L REITs and their added-value and strategic role in a mixed-asset portfolio, as well as delivering effective I&L property exposure in the Pacific Rim region, with the added benefits of liquidity, transparency and fiscal efficiency.
3
Sinha, Sidharth. "BHP Limited: Risk Management Strategy." Vikalpa: The Journal for Decision Makers 27, no. 2 (April 2002): 65–82. http://dx.doi.org/10.1177/0256090920020207.
Full textAbstract:
BHP Limited, a global natural resource company based in Australia, has traditionally hedged its market price risks with derivatives. Based on the analysis of a ‘Cash Flow at Risk’ model, which exploits the diversification effect in a portfolio context, it has now decided to discontinue its hedging activities. However, this portfolio approach to risk management raises questions about the standard ‘stand-alone’ approach to project evaluation and capital allocation. Readers are invited to send their responses on the case to Vikalpa office.
4
Keith, Joe. "Australia petroleum production and development – 2020." APPEA Journal 61, no. 2 (2021): 341. http://dx.doi.org/10.1071/aj21007.
Full textAbstract:
This Petroleum Exploration Society of Australia review considers the production and development of oil and gas in Australia over the year 2020. In a challenging year, which included commodity price wars and severe global impacts felt from the coronavirus disease 2019 (COVID-19), the Australian industry continued to produce high gas volumes due to sustained liquefied natural gas (LNG) output, and minimal decreases were seen in liquids production. Development approvals for large offshore projects did not materialise as expected in 2020 as operators reduced capital spend and focused on portfolio management in a year when oil prices fell by around USD 45bbl. Critically, all major projects with an financial investment decision (FID) target of 2020/21 were not cancelled, but development decisions were instead deferred. By the end of 2020, domestic-focused gas projects continued to be pursued for development with a target to support the declining resources for the Australian east coast domestic gas market.
5
Dutta, Anupam. "Seasoned Equity Offerings: Further Evidence from Australia." Global Business Review 18, no. 4 (May 2, 2017): 1010–18. http://dx.doi.org/10.1177/0972150917692403.
Full textAbstract:
While numerous empirical studies document significant long-run underperformance of seasoned equity offerings (SEOs) in different security markets, Allen and Soucik (2008, Mathematics and Computers in Simulation, 78(2–3), 146–154) argue that such an underperformance is dependent on the definition of ‘long-run’. They show that if ‘long-run’ is defined as 12 years instead of the usual 5 years, Australian SEOs seem to turn around their performance particularly during the sixth and seventh year, and the abnormal performance tends to disappear by the eighth year. This article reassesses whether the underperformance following SEOs is related to the length of the holding period. To facilitate direct comparison with the findings of Allen and Soucik, we use the same data and sample period as them. In addition, we propose a refined calendar time portfolio (CTP) methodology to investigate the long-term performance of Australian SEOs. To assess the robustness of our findings, the buy-and-hold abnormal return (BHAR) approach has also been employed to measure the long-run performance of SEO stocks. The empirical analysis reveals that SEOs underperform when the abnormal returns are estimated by employing the BHAR methodology. Our refined CTP approach, on the other hand, finds evidence of abnormal performance only for equally weighted portfolios.
6
Newell, Graeme, John MacFarlane, and Roger Walker. "Assessing energy rating premiums in the performance of green office buildings in Australia." Journal of Property Investment & Finance 32, no. 4 (July 1, 2014): 352–70. http://dx.doi.org/10.1108/jpif-10-2013-0061.
Full textAbstract:
Purpose – Green office buildings have recently taken on increased significance in institutional property portfolios in Australia and globally. The key issue from an institutional investor perspective is the assessment of whether green office buildings add value. Using an extensive portfolio of green office buildings, the purpose of this paper is to empirically assess the level of energy rating premiums in the property performance of green office buildings in Australia. Design/methodology/approach – Using a portfolio of over 200 green office buildings in Australia benchmarked against a comparable portfolio of non-green office buildings, the level of energy rating premiums in the property performance of green office buildings in Australia is empirically evaluated. Hedonic regression analysis is used to account for differences between specific office buildings and to explicitly identify the “pure” green effect in identifying the level of energy rating premiums in several commercial property performance characteristics (e.g. office value, rent). Findings – The empirical results show the added-value premium of the 5-star National Australian Built Environment Rating Scheme (NABERS) energy rating scheme and the Green Star scheme in the property performance of green office buildings in Australia, including office values and rents. Energy rating premiums for green office buildings are evident at the top energy ratings and energy rating discounts at the lower energy ratings. The added-value “top-end” premium of the 5-star vs 4-star NABERS energy rating category is clearly identified for the various property performance parameters, including office values and rents. Practical implications – This paper empirically determines the presence of energy rating premiums at the top energy ratings in the performance of green office buildings, as well as energy rating discounts at the lower energy ratings. This clearly highlights the added value dimension of energy efficiency in green office buildings and the need for the major office property investors to prioritise the highest energy rating to facilitate additional property performance premiums. This will also see green office buildings become the norm as the market benchmark rather than non-green office buildings. Social implications – This paper highlights energy performance premiums for green office buildings. This fits into the context of sustainability in the property industry and the broader aspects of corporate social responsibility in the property industry. Originality/value – This paper is the first published property research analysis on the detailed determination of energy rating premiums across the energy rating spectrum for green office buildings in Australia. Given the increased focus on energy efficiency and green office buildings, this research enables empirically validated and practical property investment decisions by office property investors regarding the importance of energy efficiency and green office buildings, and the priority to achieve the highest energy rating to maximise property performance premiums in office values and rents.
7
Darvall, Ken. "An Induction Program for New Appointees to Aboriginal Schools." Australian Journal of Indigenous Education 18, no. 5 (November 1990): 3–9. http://dx.doi.org/10.1017/s1326011100600431.
Full textAbstract:
The author was fortunate to be awarded a New South Wales Teaching Service Fellowship for 1990 to undertake an investigation of the professional development of teachers, including executive, in schools with significant Aboriginal enrolments. This fellowship was undertaken in South Australia over a four-week period in March and April this year.Perhaps the highlight of this investigation was the emphasis placed on appropriate and adequate induction programs within the human resource management portfolio of the South Australian Department of Education.
8
Marzuki, Muhammad Jufri, and Graeme Newell. "The emergence of data centres as an innovative alternative property sector." Journal of Property Investment & Finance 37, no. 2 (March 4, 2019): 140–52. http://dx.doi.org/10.1108/jpif-08-2018-0064.
Full textAbstract:
Purpose As one of the increasingly important alternative property sectors, data centres are a technology-focused property sector that is taking advantage of the growing investment intensity in technology-related infrastructure, against the backdrop of constant innovation and advancement in technology. The purpose of this paper is to assess the preliminary risk-adjusted performance and portfolio diversification benefits of data centre Real Estate Investment Trusts (REITs) in the USA, Australia and Singapore. The strategic implications going forward for data centres as an innovative property sector in the property investment space are also highlighted. Design/methodology/approach Using monthly total returns, the average annual return, annual risk, risk-adjusted performance and portfolio diversification benefits of data centre REITs in the USA, Australia and Singapore over 2016–2018 are assessed. Optimal asset allocation analysis is performed to investigate the value-added role of data centre REITs in a mixed-asset portfolio. Findings Data centre REITs delivered strong average annual return performance, outperforming the composite REITs in all three markets. This also sees data centre REITs being riskier than the overall REIT sector due to the non-traditional and maturing status of the data centre property sector. On a risk-adjusted basis, competitive performance was recorded for data centre REITs, with data centre REITs in the USA and Singapore outperforming their respective composite REITs. This performance is also delivered with significant portfolio diversification benefits with the stock market, resulting in data centre REITs contributing to the US mixed-asset portfolios across a diverse risk spectrum. Practical implications Institutional investors are now giving increased emphasis to alternative property sectors with better risk-return trade-offs. Improved performance and diversification benefits are achieved by supplementing existing property portfolios with non-traditional property sectors with counter-cyclical risk-return profiles, one of which is the data centre property sector. This sees data centres as an important alternative property sector, having technology-based drivers and being recognised as having a clear path towards institutionalisation with the major investors in the near future. Originality/value This paper is the first published empirical research analysis that specifically assessed the preliminary performance and diversification benefits of data centre REITs in the USA, Australia and Singapore. This research enables empirically validated, more informed and practical property investment decision making by institutional investors regarding the future strategic role of the data centre property sector as an innovative sector in the institutional property investment space.
9
Williams, R. C. "THE CREATION AND FLOTATION OF NOVUS PETROLEUM LTD." APPEA Journal 36, no. 1 (1996): 706. http://dx.doi.org/10.1071/aj95050.
Full textAbstract:
Novus Petroleum Ltd listed on the Australian Stock Exchange on 24 May 1995 having raised $157.5 million of equity. It was the largest initial public offering (IPO) of an oil company ever undertaken in Australia, and the third largest equity-raising on the Australian market during financial year 1994-5.The creation of Novus involved the creation of a team of professional advisers comprising ANZ McCaughan (broker), Indosuez Australia (financial adviser), Ernst and Young (accounting and taxation adviser), Phillips Fox (legal adviser) and Fern Consultants (technical adviser). During the period from mid 1994 to May 1995, the team identified and procured a portfolio of producing and exploration assets (including shares in over 30 oil and gas fields); negotiated sale and purchase, underwriting, loan and other necessary agreements; wrote and issued a prospectus and performed the necessary due diligence and other processes involved with a public equity offering; and marketed the stock in the new company globally.The success of the IPO is attributed to having a very clear business focus and strategy, a diverse portfolio of quality assets, a strong and experienced management team, good earnings arithmetic and a strong balance sheet. Delivery of the success is attributed to the commitment and enthusiasm of the professional team involved with the float process.
10
Bridgstock, Ruth. "Australian Artists, Starving and Well-Nourished: What Can we Learn from the Prototypical Protean Career?" Australian Journal of Career Development 14, no. 3 (October 2005): 40–47. http://dx.doi.org/10.1177/103841620501400307.
Full textAbstract:
Recent literature documents the demise of traditional linear careers and the rise of protean, boundaryless, or portfolio careers, typified by do-it-yourself career management and finding security in ongoing employability rather than ongoing employment. This article identifies key attributes of the ‘new career’, arguing that individuals with careers in the well-established fields of fine and performing arts often fit into the ‘new careerist’ model. Employment/career data for professional fine artists, performing artists and musicians in Australia is presented to support this claim. A discussion of the meta-competencies and career-life management skills essential to navigate the boundaryless work world is presented, with specific reference to Australian artists, and recommendations for future research.
11
Garg, Mukesh. "Large price decline, price reversal and firm characteristics: A comparative study of 2008 financial crisis." Corporate Ownership and Control 8, no. 2 (2011): 334–53. http://dx.doi.org/10.22495/cocv8i2c3p2.
Full textAbstract:
On October 10, 2008 share price declined significantly in most capital markets and market rebounded on October 13, 2008. The market decline on October 10, 2008 and a price reversal on October 13, 2008 was one of the largest in the history of most capital markets making it a very significant event period. A firm level comparison is done in three significant and distinctly different capital markets, Australia, India and U.K from an international portfolio diversification perspective. Results show investors of domestic U.K. firms reacted more negatively to high leverage and large liability firms compared to Australian and Indian investors. Overall, differences are found in firm characteristics and reaction across the three markets during the large price change period.
12
Yong, Jaime, and Anh Khoi Pham. "The long-term linkages between direct and indirect property in Australia." Journal of Property Investment & Finance 33, no. 4 (July 6, 2015): 374–92. http://dx.doi.org/10.1108/jpif-01-2015-0005.
Full textAbstract:
Purpose– Investment in Australia’s property market, whether directly or indirectly through Australian real estate investment trusts (A-REITs), grew remarkably since the 1990s. The degree of segregation between the property market and other financial assets, such as shares and bonds, can influence the diversification benefits within multi-asset portfolios. This raises the question of whether direct and indirect property investments are substitutable. Establishing how information transmits between asset classes and impacts the predictability of returns is of interest to investors. The paper aims to discuss these issues.Design/methodology/approach– The authors study the linkages between direct and indirect Australian property sectors from 1985 to 2013, with shares and bonds. This paper employs an Autoregressive Fractionally Integrated Moving Average (ARFIMA) process to de-smooth a valuation-based direct property index. The authors establish directional lead-lag relationships between markets using bi-variate Granger causality tests. Johansen cointegration tests are carried out to examine how direct and indirect property markets adjust to an equilibrium long-term relationship and short-term deviations from such a relationship with other asset classes.Findings– The authors find the use of appraisal-based property data creates a smoothing bias which masks the extent of how information is transmitted between the indirect property sector, stock and bond markets, and influences returns. The authors demonstrate that an ARFIMA process accounting for a smoothing bias up to lags of four quarters can overcome the overstatement of the smoothing bias from traditional AR models, after individually appraised constituent properties are aggregated into an overall index. The results show that direct property adjusts to information transmitted from market-traded A-REITs and stocks.Practical implications– The study shows direct property investments and A-REITs are substitutible in a multi-asset portfolio in the long and short term.Originality/value– The authors apply an ARFIMA(p,d,q) model to de-smooth Australian property returns, as proposed by Bond and Hwang (2007). The authors expect the findings will contribute to the discussion on whether direct property and REITs are substitutes in a multi-asset portfolio.
13
Ville, Simon, and David Tolmie Merrett. "Investing in a Wealthy Resource-Based Colonial Economy: International Business in Australia before World War I." Business History Review 94, no. 2 (2020): 321–46. http://dx.doi.org/10.1017/s0007680520000264.
Full textAbstract:
The article is a rare investigation into multinational activity in a wealthy resource-based colonial economy toward the end of the first wave of globalization. It challenges the conventional wisdom that multinationals had a limited presence in pre-1914 Australia, where government loans and portfolio investment from Britain into infrastructural and primary industries dominated. Our new database of nearly five hundred foreign firms, from various nations and spread across the host economy, shows a thriving and diverse international business community whose agency mattered for economic development in Australia. Colonial ties, natural resources, stable institutions, and high incomes all attracted foreign firms.
14
SY, WILSON. "Cost, performance and portfolio composition of small pension funds in Australia." Journal of Pension Economics and Finance 9, no. 3 (May 20, 2008): 345–68. http://dx.doi.org/10.1017/s1474747208003661.
Full textAbstract:
AbstractCompared with large institutional pension funds, there is relatively little published research on small funds, which are defined in the Australian superannuation legislation as pension funds with less than five members. Small funds account for more than 20% of total pension assets and they are one of the fastest growing sectors and therefore play a significant part in the savings strategy for national retirement income. This paper contributes to the needed research by analysing the more granular audited accounting data collected for the subset of small funds regulated by the Australian Prudential Regulation Authority (APRA) over the last few years. The analysis provides new insights into the operating costs involved in running the funds, the investment performances and portfolio compositions of Small APRA Funds (SAF).
15
Pham, Hai Yen, Richard Chung, Eduardo Roca, and Ben-Hsien Bao. "Do investors value firm efficiency improvement? Evidence from the Australian context." Corporate Ownership and Control 13, no. 3 (2016): 293–308. http://dx.doi.org/10.22495/cocv13i3c2p4.
Full textAbstract:
Do investors value improvement in efficiency? This paper investigates the relation between the firm’s technical efficiency change and subsequent stock returns. We employ a stochastic frontier analysis to evaluate a firm’s efficiency for a large panel of non-financial companies in Australia from January 1990 to October 2012. The results show that over the sample period, the estimated mean improvement in firm’s efficiency is 3% per year. We find that an equally-weighted (value-weighted) portfolio of stocks with the top tertile level change in efficiency outperforms an equally-weighted (value-weighted) portfolio of stocks with the bottom tertile level change in efficiency, by an average of 11% (7%) per annum during the sample period. We also find a significant efficiency change effect on a cross-section of stock returns after controlling for other risk factors such as size, book-to-market, market liquidity, industry concentration, and seasonality effect.
16
Poon, Joanna. "Engaging sustainability good practice within the curriculum design and property portfolio in the Australian higher education sector." International Journal of Sustainability in Higher Education 18, no. 1 (January 3, 2017): 146–62. http://dx.doi.org/10.1108/ijshe-09-2015-0149.
Full textAbstract:
Purpose The purpose of this paper is to evaluate the extent to which universities’ strategic plans affect the level of incorporation of sustainability within the curriculum design and property portfolio. Design/methodology/approach This research adopted a case study approach. The case study institution was Deakin University in Australia. This paper used a qualitative research method. Desk-top study included the review of the University’s Strategic Plan, policy agenda on sustainability and the documents on sustainability courses and units. Semi-structured interviews were held with academics who have course development and management responsibility within the university, colleagues who have a sustainability-focused role on estate management and colleagues whose roles are to manage sustainability initiatives at the institution level. All interviews were recorded and transcribed. Content analysis was used to analyse the interview data. Findings Despite the University having clear strategic aims and initiatives on the incorporation of sustainability within the curriculum design and property portfolio, there is disconnection between policy development and policy implementation. As a result, the incorporation of sustainability varies largely between curricula within the institution. The incorporation of sustainability within the property portfolio is clear and effective. However, within the curriculum, it is polarised. The level of incorporation depends on the nature of the course or unit and is largely driven by the initiatives of the individual academic. Good practice identified in the incorporation of sustainability within the curriculum is to use a problem-based approach supported by real life projects to enhance the students’ authentic learning experience. A good practice for successfully incorporating sustainability into the property portfolio is to have clear vision of what it has planned to achieve and to ensure that there is a balance between sustainability and value for money. Originality/value This is pioneering research to investigate the incorporation of sustainability into higher education in a more comprehensive way. This paper considered the impact of strategic planning on the incorporation of sustainability within a higher education, on both curriculum design and property portfolio management.
17
Coleman, Les. "What fuels oil company risk?" APPEA Journal 49, no. 1 (2009): 183. http://dx.doi.org/10.1071/aj08011.
Full textAbstract:
This article has a simple research question: what determines the risks of oil producing companies listed in Australia and the United States, and are there any differences between their risk attitudes? A literature review is used to develop an integrated theory of company risk that is validated using a hand-collected database covering active oil and gas production companies in Australia and the United States. Risk in both countries proved to be a function of company risk propensity and risk management, which each had a small number of deep-seated drivers spread across company structure, governance and performance. These common risk-related features between companies in geographically remote countries point to the complexity of achieving portfolio diversification.
18
Chong, Fennee. "Housing Price and Interest Rate Hike: A Tale of Five Cities in Australia." Journal of Risk and Financial Management 16, no. 2 (January 18, 2023): 61. http://dx.doi.org/10.3390/jrfm16020061.
Full textAbstract:
Australian housing prices are reported to be overvalued and unaffordable for the past two decades. Many researchers and practitioners have attributed the persistent growth in housing prices to the prolonged period of low borrowing costs. However, due to inflationary pressure, the Central Bank has raised its cash rate consecutively in recent months. This paper aims to examine whether interest rate rises affect housing price in different parts of Australia. Evidence generated from the analysis reported bipolar results between the large and smaller cities, whereby housing prices in Sydney and Melbourne show a significant negative relationship with interest rate changes while Brisbane and the Gold Coast and Perth and Adelaide, respectively, are showing negative but insignificant results during the study period. Short-run trend projections on housing prices indicate that Sydney, Melbourne, Brisbane and the Gold Coast are on a downward trend while Adelaide and Perth will maintain its current momentum before plateauing out later next year. Likewise, control variables, such as oil prices, inflation rate and stock market performance, are found to be related to housing prices in larger cities only. These findings have implications on housing policy, house purchase decisions and investment portfolio management strategy.
19
Williams, R. J., J. C. Z. Woinarski, and A. N. Andersen. "Fire experiments in northern Australia: contributions to ecological understanding and biodiversity conservation in tropical savannas." International Journal of Wildland Fire 12, no. 4 (2003): 391. http://dx.doi.org/10.1071/wf03025.
Full textAbstract:
The management of fire in savannas has been informed by a strong tradition of fire experiments, especially in Africa. This research tradition is much shorter in the 2 million square kilometres of tropical savannas in northern Australia, but has yielded several natural experiments, and three designed, manipulative, controlled field experiments (hereafter 'manipulative' experiments) of international significance (at Munmarlary, Kapalga and Kidman Springs in the Northern Territory). Here we assess the contributions of experiments, in particular the manipulative experiments, to ecological understanding and biodiversity management in Australia's savannas. Running from 1973 to 1996, the Munmarlary experiment comprised hectare-scale experimental plots with four replicated dry season fire treatments, and was designed to examine interactions between fire, landscape and biodiversity. The Kapalga experiment ran from 1989 to 1995, with a range of fire treatments broadly similar to those at Munmarlary. However, experimental units were 10–20�km2 sub-catchments, making it one of the largest, replicated fire experiments ever conducted. The Kidman Springs experiment focused on grass-layer productivity and composition to meet the needs of the pastoral industry, but also provided an opportunity to examine biodiversity responses to different fire regimes. Methodologically, the experiments have generally focused on phenomena—the responses to different fire treatments of individual taxa—rather than on mechanisms that determine response syndromes. They have highlighted that a range of responses to differences in fire regime is possible, and that no single fire regime can optimise all biodiversity outcomes. For effective conservation of biodiversity in the face of such complexity, conservation goals will need to be made explicit. The existing portfolio of manipulative experiments is incomplete, lacking especially a consideration of some critical savanna taxa and environments, and providing little information on the significance of spatial and temporal variability in fire patterns, especially at small scales. An understanding of fire in Australian savanna landscapes remains inadequate, so there is a continuing need for close partnerships between scientists and conservation managers, with fire management treated as a series of landscape experiments in an adaptive management framework.
20
Bodhanwala, Shernaz, and Ruzbeh Bodhanwala. "Relationship between sustainable and responsible investing and returns: a global evidence." Social Responsibility Journal 16, no. 4 (June 15, 2019): 579–94. http://dx.doi.org/10.1108/srj-12-2018-0332.
Full textAbstract:
Purpose The purpose of this study is to examine whether sustainable and responsible investing (SRI) outperforms the benchmark index investing across different time frames globally. Design/methodology/approach Based on the systematic weighted environmental, social and governance (ESG) ratings compiled by Thomson Reuters Asset4, the authors assess the stock market performance and risk of highly compliant firms portfolio in seven different countries; grouped as developed and developing nations over different time frames by adopting the Jensen’s alpha model (CAPM) and the Fama and French three-factor model. Findings The study finds that SRI portfolios significantly underperform their benchmark index, in case of, the developing nations, however, enjoy a significantly lower risk. This is contrary to the findings in case of developed nations, where the US SRI portfolio has significantly outperformed the benchmark index and the UK and Australia SRI portfolios have performed in line with the benchmark index. Finally, the study discusses results and implications for regulators, practitioners and investors’ who believe in the SRI investing. Research limitations/implications This study provides empirical support for the practitioners, policymakers and investors emphasizing that in the case of developed nations SRI investments generate a significant excess return or at the best perform in line with the broader market index. However, in the case of developing nations, very few firms are consistently rated on ESG parameters. This provides lesser options for investors in developing nations to apply the “impact first” philosophy of investment. The investor’s community and regulators need to make a serious effort in promoting firms to take up sustainability effort seriously. Originality/value The unique contribution of this study is that it considers a wider definition of the term “sustainability” and examines the performance of SRI investment in developed vs developing countries. This is one of the few studies at the global level, which highlights whether sustainable investing generates abnormal risk-adjusted returns for the investors.
21
Cook, David C. "Quantifying the potential impact of the European wasp (Vespula germanica) on ecosystem services in Western Australia." NeoBiota 50 (September 20, 2019): 55–74. http://dx.doi.org/10.3897/neobiota.50.37573.
Full textAbstract:
This paper estimates the ecosystem services return on investment in government control of the introduced European wasp (Vespula germanica) in the state of Western Australia. The predictive model used accounts for uncertainties in the spread and impact ofV. germanicaon provisioning ecosystem services, represented by pollination, apiculture and viticulture, and cultural ecosystem services represented by households. Results produced by simulating a 20-year period suggest government expenditure on management will generate net benefits of AU$3.2–6.3 million per year, most of which will accrue to producers of pollination-dependent crops. This provides justification for investment from the government’s agriculture portfolio to manage an insect often thought of as an urban pest.
22
Duppati, Geeta, and Mengying Zhu. "Oil prices changes and volatility in sector stock returns: Evidence from Australia, New Zealand, China, Germany and Norway." Corporate Ownership and Control 13, no. 2 (2016): 351–70. http://dx.doi.org/10.22495/cocv13i2clp4.
Full textAbstract:
The paper examines the exposure of sectoral stock returns to oil price changes in Australia, China, Germany, New Zealand and Norway over the period 2000-2015 using weekly data drawn from DataStream. The issue of volatility has important implications for the theory of finance and as is well-known accurate volatility forecasts are important in a variety of settings including option and other derivatives pricing, portfolio and risk management (e.g. in the calculation of hedge ratios and Value-at-Risk measures), and trading strategies (David and Ruiz, 2009). This study adopts GARCH and EGARCH to understand the relationship between the returns and volatility. The findings using GARCH (EGARCH) models suggests that in the case of Germany eight (nine) out of ten sectors returns can be explained by the volatility of past oil price in Germany, while in the case of Australia, six (seven) out of ten sector returns are sensitive to the oil price changes with the exception of Industrials, Consumer Goods, Health care and Utilities. While in China and New Zealand five sectors are found sensitive to oil price changes and three sectors in Norway, namely Oil & Gas, Consumer Services and Financials. Secondly, this paper also investigated the exposure of the stock returns to oil price changes using market index data as a proxy using GARCH or EGARCH model. The results indicated that the stock returns are sensitive to the oil price changes and have leverage effects for all the five countries. Further, the findings also suggests that sector with more constituents is likely to have leverage effects and vice versa. The results have implications to market participants to make informed decisions about a better portfolio diversification for minimizing risk and adding value to the stocks.
23
Willmott, Taylor Jade, Erin Hurley, and Sharyn Rundle-Thiele. "Designing energy solutions: a comparison of two participatory design approaches for service innovation." Journal of Service Theory and Practice 32, no. 3 (March 17, 2022): 353–77. http://dx.doi.org/10.1108/jstp-03-2021-0040.
Full textAbstract:
PurposeParticipatory design involves users and other key stakeholders in processes that aim to ensure solutions generated meet their needs. This paper compares the processes and outcomes of two participatory design approaches (design thinking and co-design) to examine their utility in co-creating innovative service solutions for reducing household energy demand.Design/methodology/approachDesign thinking and co-design were implemented in two independent convenience samples of household energy users in Queensland, Australia. Workshops were conducted online using Zoom and Padlet technology. Informed by the capability-practice-ability (CPA) portfolio, a critical analysis based on the research team's experiences with implementing the two participatory design approaches is presented.FindingsThe key distinguishing features that set design thinking apart from co-design is extent of user involvement, solution diversity and resource requirements. With a shorter duration and less intensive user involvement, co-design offers a more resource efficient means of solution generation. In contrast, design thinking expands the solution space by allowing for human-centred problem framing and in so doing gives rise to greater diversity in solutions generated.Research limitations/implicationsMapping the six constellations of service design outlined in the CPA portfolio to the research team's experiences implementing two different participatory design approaches within the same context reconciles theoretical understanding of how capabilities, practices and abilities may differ or converge in an applied setting.Practical implicationsUnderstanding the benefits and expected outcomes across the two participatory design approaches will guide practitioners and funding agencies in the selection of an appropriate method to achieve desired outcomes.Originality/valueThis paper compares two forms of participatory design (design thinking and co-design) for service innovation in the context of household energy demand offering theoretical and practical insights into the utility of each as categorised within the CPA portfolio.
24
Rytkönen, Eelis, Christopher Heywood, and Suvi Nenonen. "Campus management process dynamics – Finnish and Australian practices." Journal of Corporate Real Estate 19, no. 2 (May 8, 2017): 80–94. http://dx.doi.org/10.1108/jcre-02-2016-0007.
Full textAbstract:
Purpose This paper aims to outline campus management process dynamics that are affected by glocalization, changing funding structures and digitalization, and answer: How do glocalization, changing funding structures and digitalization challenge university campus management? and What implications do the challenges have on campus management processes? Design/methodology/approach Literature overview discusses how glocalization, changing funding structures and digitalization affect campus management. Empirical part explores how these forces affect management processes through 36 interviews on multiple embedded cases in the main campuses of Aalto University in Finland and the University of Melbourne in Australia. Findings Major challenges include future foresight, institutional sharing, economical paucity and functional flexibility. Heterogeneous user behaviors challenge absolute spatial measures as bases for designing learning and working environments. Finding a balance between long-haul portfolio maintenance for the university and future users and short-haul flexible pilots for the current user communities is crucial. Research limitations/implications The results derive from interviews of 36 campus management professionals from two campus management organizations limiting the validity and the reliability of the study. Further studies should be conducted by replicating the study in another context, by interviewing end users and clients and by investigating case investments and impacts over time. Practical implications Campus managers can answer the challenges through practical applications such as big data collection and sharing in physical environments, integrated service provision to thematic communities, cross-pollination of user communities and open access to information and infrastructure services. Originality/value This paper provides insights and tools to strategic alignment by comparing campus management of two fundamentally different systems in the context of higher education and on-going digitalization.
25
Asem, Ebenezer, Jessica Chung, Xin Cui, and Gloria Y. Tian. "Liquidity, investor sentiment and price discount of SEOs in Australia." International Journal of Managerial Finance 12, no. 1 (February 1, 2016): 25–51. http://dx.doi.org/10.1108/ijmf-10-2013-0106.
Full textAbstract:
Purpose – The purpose of this paper is to empirically test whether stock liquidity and investor sentiment have interactive effects on seasoned equity offers (SEOs) price discounts in Australia. Design/methodology/approach – The authors focus on the implicit cost borne by firms when issuing seasoned equity capital. This cost is measured as the relative difference between the SEO offer price and the last close price prior to the announcement of the issue. The primary measure of investor sentiment is a composite index constructed similar to that in Baker and Wurgler (2007). Findings – The results show that, in periods of deteriorating investor sentiment, the increase in SEO price discounts for firms with illiquid stocks is larger than the corresponding increase for firms with liquid stocks. This suggests that, as sentiment wanes, investors become even more concerned about illiquidity, leading to even greater required compensation for holding illiquid assets. The authors find that information asymmetry is positively related to SEO price discounts but this relation is not affected by changing investor sentiment. Research limitations/implications – Collectively, the empirical results provide support for the argument that price discount of SEOs represents compensation to investors for bearing costs associated with illiquidity. The results also lend some support to the behavioural argument that pricing of equity offers is dependent upon investor sentiment, particularly for firms with illiquid stocks. Practical implications – The ability for firms to raise capital in a cost-effective manner is critical for firm growth and stability. Investors require compensation for bearing the costs of illiquidity of their investments in equity. Accordingly, firms need to be conscious of their stocks’ existing liquidity and its influence on the cost of raising additional capital which, in turn, affects their operational stability and investment opportunities. Social implications – Ultimately, the implications of this study will assist firms in capital-raising decisions, investors in making portfolio investment decisions, and investment banks in setting offer prices on equity issues. Originality/value – To the best of the authors’ knowledge, this is the first study to examine the interaction between investor sentiment and SEO price discounts in Australia.
26
Hamilton, Doug. "Linking Strategic Information Systems Concepts to Practice: Systems Integration at the Portfolio Level." Journal of Information Technology 14, no. 1 (March 1999): 69–82. http://dx.doi.org/10.1177/026839629901400106.
Full textAbstract:
Surveys during the past two decades have consistently shown that many of the most critical management concerns with information systems arise at the portfolio, rather than application, level. Architecture-driven planning with a view to the implementation of integrated information systems structures has been widely canvassed as a means of dealing with portfolio-level issues, particularly the problems of inconsistent data and uncoordinated processes which have affected many organizations in recent years. The benefits anticipated from this type of initiative have been such that many organizations have persisted with architecture-based strategies despite reports of high failure rates. This paper reports on some research into IS integration planning in the organization Telstra (formerly Telecom Australia)) during a period of 40 years. The research was conducted as an interpretive case study, with practitioners’ assessments and perspectives on IS planning being incorporated in the data analysis. The focus of the study was on four critical assumptions, which were identified during an initial review of the theoretical literature as having to hold true for an organization to expect success with this form of planning. The study revealed that none of these assumptions held reliably throughout the period studied, a point fundamental to understanding why relatively little progress was made towards published integration targets. The paper then canvasses the view that though traditionally understood as blueprints for implementation, information systems architectures could be reconceptualized as knowledge assets, with independent value as sources of core planning concepts. The conclusion drawn is that their use in this type of role could facilitate the achievement of many, if not all, of the benefits anticipated from more comprehensive approaches.
27
Brown, Kerry, Ferry Jie, Thi Le, Jalleh Sharafizad, Fleur Sharafizad, and Subhadarsini Parida. "Factors Impacting SME Business Resilience Post-COVID-19." Sustainability 14, no. 22 (November 10, 2022): 14850. http://dx.doi.org/10.3390/su142214850.
Full textAbstract:
The ability of an organization to respond to a crisis with agility is vital for business leaders to maintain business continuity. Our paper examined how business owners responded to the challenges caused by the pandemic. Using online surveys for data collection, we investigated a critical agility issue of supply chain risks through understanding the interrelationship of various business capability factors. Partial least squares path modeling (PLS-PM) was applied to a sample of 220 participants who were owners of micro, small, and medium businesses in Western Australia. The findings showed that the businesses’ efficiency, financial strength, and flexibility in sourcing affected the businesses’ supply chain risks negatively. More support for labor productivity, asset utilization, waste elimination, financial reserves, portfolio diversification, and credit access needs to be introduced to enhance the resilience of the business supply chain. This paper is novel, as we used the data collected in Western Australia, where the SMEs were still affected by the global supply chain disruption but lacked protracted lockdowns, as had occurred nationally and globally during the COVID-19 period.
28
Heywood, Chris, Eckhart Hertzsch, and Mirek Piechowski. "The climatic influence on sustainable refurbishments and life cycle investing in Australia." Property Management 33, no. 1 (February 16, 2015): 19–35. http://dx.doi.org/10.1108/pm-04-2013-0025.
Full textAbstract:
Purpose – The purpose of this paper is to report an investigation of the effect of location on refurbishment strategies to reduce greenhouse gas (GHG) emissions using the temperate and sub-tropical urban locations in Australia. This occurred within a larger research project that investigated methods for sustainable refurbishments to office buildings and their optimized timing from an investment perspective. Design/methodology/approach – An office building in Melbourne was used to develop seven sets of improvements using an integrated approach to upgrade mechanical services and the building envelope. Using asset management trigger points the impact on net present value and internal rate of return were calculated, taking into account the capital expenditure required, the energy savings due to the refurbishment, as well as a possible rental increase due to the upgrade and lesser operational energy bills for the tenants. To investigate the importance of the location attribute the upgraded building’s performance was modelled in a different climate by using a Brisbane weather file. Findings – A number of unexpected results were found, including that the same sets of improvements had similar reductions in GHG emissions in the two locations, they had similar impacts on the investment criteria and when using the National Australian Building Energy Rating System it was shown that it was easier and cheaper to get an uplift in stars in Melbourne than Brisbane. Research limitations/implications – This location-specific analysis is the result of using a more sophisticated and holistic methodology to analyse sustainable refurbishments that more closely resembles the complexity of the decision making required to make buildings more sustainable. Practical implications – This paper provides a basis for property investors to make decisions about sustainable investments when location is important. This can occur when a portfolio is distributed across various climate zones. Originality/value – The research project that the paper reports addresses the complexity of building attributes, possible sets of improvements to reduce GHG emissions and their investment decisions, within a life cycle view of assets. It is rare that this complexity is addressed as a whole, and rarer that locational climatic differences are examined.
29
Lockhart, D. A., E. Riel, M. Sanders, A. Walsh, G. T. Cooper, and M. Allder. "Play-based exploration in the southern Cooper Basin: a systematic approach to exploration in a mature basin." APPEA Journal 58, no. 2 (2018): 825. http://dx.doi.org/10.1071/aj17138.
Full textAbstract:
Exploration within a mature basin poses many challenges, not least how to best utilise resources and time to maximise success and reduce cost. Play-based exploration (PBE) provides a team-based approach to combine key aspects of the petroleum system into an integrated and wholistic view of basin prospectivity. While the PBE methodology is well established, it is not often applied to its full extent on a basin scale. After a period of declining exploration success in parts of the South Australia Cooper-Eromanga Basin, this study was undertaken by a dedicated regional geoscience team with the aim of rebuilding an understanding of the basin, based on first principles and stripping away exploration paradigms. The study area comprises an acreage position in the South Australian and Queensland Cooper-Eromanga Basins covering 70 000 km2 in which Senex Energy has 14 oil fields, has drilled more than 80 exploration wells and has acquired 2D and 3D seismic material. A plethora of proven and emerging plays exist within the acreage ranging from high productivity light sweet oil (Birkhead and Namur Reservoirs) to tight oil (Murta Formation), conventional gas (Toolachee/Epsilon and Patchawarra Formation), tight gas (Patchawarra Formation) and the emerging deep coal play (Toolachee and Patchawarra Coals). Play-based exploration methodologies incorporating the integration of seismic data, log and palynological data, structural analysis, geochemistry, 3D basin modelling, consistent well failure analysis and gross depositional environment maps have allowed the systematic creation of common risk segment maps at all play levels. This information is now actively utilised for permit management, business development, work program creation and portfolio management. This paper will present an example of the work focussing on the southern section of the South Australian Cooper-Eromanga Basin.
30
SIDDIQUI, ASIF IQBAL, and DORA MARINOVA. "FUNDING LIQUIDITY RISK, SYNDICATION BEHAVIOR AND THE RISK CULTURE OF THE AUSTRALIAN VENTURE CAPITAL INDUSTRY." Singapore Economic Review 64, no. 05 (December 21, 2016): 1279–97. http://dx.doi.org/10.1142/s0217590816500405.
Full textAbstract:
Venture capital (VC) is usually invested in high risk technology companies at their early stages of development. In response to the industry risk environment, the VC fund managers have developed a set of risk management practices appropriate for the industry which include investment syndication. Furthermore, the VC funds are supplied by individual and institutional investors with different risk profiles and investment focus, usually in finite amounts and for a limited period of time. The funding agreement between the VC firms and the fund investors combined with the limited amount and time can lead to additional funding liquidity risks as the VC funds are invested in the portfolio companies. In this paper, we develop a simple two period model from a VC firm’s perspective with funding liquidity constraints to demonstrate how funding liquidity risk can influence syndication decisions. We subsequently analyze the implication of the model, derive a set of predictions and validate them with VC investment data from Australia. The analysis shows that syndication has both instrumental function in risk management and behavioral implications on risk culture essential for addressing the emerging frontiers of sustainability risks.
31
Kingwell, Ross, and David Pannell. "Economic trends and drivers affecting the Wheatbelt of Western Australia to 2030." Australian Journal of Agricultural Research 56, no. 6 (2005): 553. http://dx.doi.org/10.1071/ar04196.
Full textAbstract:
Most of the farm businesses in Western Australia remain profitable, with rates of return comparable with non-farming sectors. However, there is continuing pressure on poor-performing farms, as well as a range of social pressures, which mean that there will continue to be a steady fall in the number of farms in the Wheatbelt of Western Australia. Most remaining farms will continue to be profitable, due in significant part to successful research and development (R&D). Farms will continue to be highly diversified. We expect the real prices of most agricultural commodities to continue to fall, although we note predictions for meat prices to rise in the medium to long-term. Key uncertainties about price trends include: future levels of agricultural protection in developed counties; the levels of price premia for ‘green’ products; the rates of productivity improvement for agriculture in developing countries; and energy prices. Key uncertainties about R&D/technology include the availability of funds for R&D, and the contributions of biotechnologies. Use of information technologies will increase, although not as much as some expect, and in some cases driven by shortages of skilled farm labour rather than production advantages. The fundamental elements of managing a farm have altered little, and we do not expect them to change in the next 30 years. Successful farm management will continue to depend largely on good decisions about the farm’s enterprise mix, machinery replacement, land leasing or purchase, labour hiring, and off-farm investments. Agricultural R&D should continue to address a diversified portfolio of issues, including attention to environmental issues, but not neglecting the need for ongoing productivity improvements in agriculture.
32
Austen, Dick. "Foreword to 'Producing and Processing Quality Beef from Australian Cattle Herds'." Australian Journal of Experimental Agriculture 41, no. 7 (2001): I. http://dx.doi.org/10.1071/eav41n7_fo.
Full textAbstract:
Markets for Australian beef throughout the 20th century have been moulded by world wars, economic depressions, droughts, transport technology, cattle breeding, trade barriers, global competition, livestock disease eradication, human health risks, food safety, Australian Government policy, consumerism and beef quality. Major ‘shocks’ to beef marketing include the development of successful shipments of chilled carcases to Britain in the 1930s, the widespread trade disruption caused by World War II, expansion (early 1950s) and then a reduction in beef exports to Britain (1956), the introduction and then proliferation of Bos indicus derived cattle in northern Australia (1960s), licensing and upgrading of Australian abattoirs to export to USA and the consequential brucellosis and tuberculosis eradication campaign leading to record export tonnages of Australian processing beef to USA (1960–70). In 1980, increased beef trade to Japan began, leading in the late 1980s to expansion of high-quality grain finished products into that market. By 1993, beef exports to Japan (280.5 kt) exceeded those to USA (274.4 kt), signalling the significant shift in beef exports to Asia. Commencing in about 1986, the USA recognised the value of beef exports to Asian markets pioneered by Australia. Australia’s share of the Japanese and South Korean markets has been under intense competition since that time. Another major influence on Australia’s beef market in the early 1990s was growth in live cattle exports to Asian markets in Indonesia, Malaysia and the Philippines. Live exports accounted for 152000 heads in 1992 and 858000 heads in 1996. Improved management systems (e.g. fences) and consequent regulation of cattle supply even in the wet season, a by-product of the brucellosis and tuberculosis eradication campaign, were indirect drivers of the growth in live exports. Throughout the period 1940–2000, domestic consumption of beef and veal declined from 68 to 33.3 kg/head.year, reflecting competition from other foods, perceptions of health risks, price of beef, periodic food safety scares, vegetarianism, changes in lifestyle and eating habits and lack of consistency of eating quality of beef. Despite this decline, the domestic Australian beef market still consumes a significant component (37%) of total Australian beef production. In 1984–85, the reform of the Australian Meat and Livestock Corporation set in train a major directional change (‘New Direction’) of the beef sector in response to beef market trends. Under Dick Austen’s leadership, the Australian Meat and Livestock Corporation changed the industry’s culture from being ‘production-driven’ to being ‘consumer-driven’. Market research began in Australia, Japan and Korea to establish consumer preferences and attitudes to price, beef appearance and eating quality. Definite consumer requirements were identified under headings of consistency and reliability. The AusMeat carcass descriptors were introduced and a decade later traits like tenderness, meat colour, fat colour, meat texture, taste, smell, and muscle size were addressed. These historical ‘shocks’ that shaped the Australian beef markets have all been accompanied by modification to production systems, breeding programs, herd structure, processing procedures, advertising and promotion, meat retailing and end-use. The increasing importance of the food service sector and the ‘Asian merge’ influence on beef cuts usage in restaurant meals and take-away products are the most recognisable changes in the Australian food landscape. The Cooperative Research Centre¿s research portfolio was built around the changing forces influencing beef markets in the early 1990s. Australia needed to better understand the genetic and non-genetic factors affecting beef quality. One example was the poor success rate of cattle being grain-fed for the Japanese premium markets. Another was the relative contribution of pre- and post-slaughter factors to ultimate eating quality of beef. The Meat Standards Australia scheme was launched in 1997 to address this problem in more detail. The Cooperative Research Centre contributed significantly to this initiative. In the year 2001, Australia, with only 2.5% of world cattle numbers retains the position of world number one beef trader. We trade to 110 countries worldwide. The Australian beef sector is worth A$6 billion annually. The diversity of Australian environments, cattle genotypes and production systems provides us with the ability to meet diverse specifications for beef products. A new set of market forces is now emerging. Strict accreditation rules apply to Australian producers seeking access to the lucrative European Union market. Transmissible spongiform encephalopathies like bovine spongiform encephalopathy and scrapie are a continuing food safety concern in Europe. This and the foot and mouth disease outbreak in Britain early in 2001 have potentially significant indirect effects on markets for Australian beef. And the sleeping giant, foot and mouth disease-free status of Latin American countries Brazil, Uruguay and Argentina continues to emerge as a major threat to Australian beef markets in Canada and Taiwan. As in the past, science and technology will play a significant role in Australia¿s response to these market forces.
33
Bindon, B. M., and N. M. Jones. "Cattle supply, production systems and markets for Australian beef." Australian Journal of Experimental Agriculture 41, no. 7 (2001): 861. http://dx.doi.org/10.1071/ea01052.
Full textAbstract:
Markets for Australian beef throughout the 20th century have been moulded by world wars, economic depressions, droughts, transport technology, cattle breeding, trade barriers, global competition, livestock disease eradication, human health risks, food safety, Australian Government policy, consumerism and beef quality. Major ‘shocks’ to beef marketing include the development of successful shipments of chilled carcases to Britain in the 1930s, the widespread trade disruption caused by World War II, expansion (early 1950s) and then a reduction in beef exports to Britain (1956), the introduction and then proliferation of Bos indicus derived cattle in northern Australia (1960s), licensing and upgrading of Australian abattoirs to export to USA and the consequential brucellosis and tuberculosis eradication campaign leading to record export tonnages of Australian processing beef to USA (1960–70). In 1980, increased beef trade to Japan began, leading in the late 1980s to expansion of high-quality grain finished products into that market. By 1993, beef exports to Japan (280.5 kt) exceeded those to USA (274.4 kt), signalling the significant shift in beef exports to Asia. Commencing in about 1986, the USA recognised the value of beef exports to Asian markets pioneered by Australia. Australia’s share of the Japanese and South Korean markets has been under intense competition since that time. Another major influence on Australia’s beef market in the early 1990s was growth in live cattle exports to Asian markets in Indonesia, Malaysia and the Philippines. Live exports accounted for 152000 heads in 1992 and 858000 heads in 1996. Improved management systems (e.g. fences) and consequent regulation of cattle supply even in the wet season, a by-product of the brucellosis and tuberculosis eradication campaign, were indirect drivers of the growth in live exports. Throughout the period 1940–2000, domestic consumption of beef and veal declined from 68 to 33.3 kg/head.year, reflecting competition from other foods, perceptions of health risks, price of beef, periodic food safety scares, vegetarianism, changes in lifestyle and eating habits and lack of consistency of eating quality of beef. Despite this decline, the domestic Australian beef market still consumes a significant component (37%) of total Australian beef production. In 1984–85, the reform of the Australian Meat and Livestock Corporation set in train a major directional change (‘New Direction’) of the beef sector in response to beef market trends. Under Dick Austen’s leadership, the Australian Meat and Livestock Corporation changed the industry’s culture from being ‘production-driven’ to being ‘consumer-driven’. Market research began in Australia, Japan and Korea to establish consumer preferences and attitudes to price, beef appearance and eating quality. Definite consumer requirements were identified under headings of consistency and reliability. The AusMeat carcass descriptors were introduced and a decade later traits like tenderness, meat colour, fat colour, meat texture, taste, smell, and muscle size were addressed. These historical ‘shocks’ that shaped the Australian beef markets have all been accompanied by modification to production systems, breeding programs, herd structure, processing procedures, advertising and promotion, meat retailing and end-use. The increasing importance of the food service sector and the ‘Asian merge’ influence on beef cuts usage in restaurant meals and take-away products are the most recognisable changes in the Australian food landscape. The Cooperative Research Centre¿s research portfolio was built around the changing forces influencing beef markets in the early 1990s. Australia needed to better understand the genetic and non-genetic factors affecting beef quality. One example was the poor success rate of cattle being grain-fed for the Japanese premium markets. Another was the relative contribution of pre- and post-slaughter factors to ultimate eating quality of beef. The Meat Standards Australia scheme was launched in 1997 to address this problem in more detail. The Cooperative Research Centre contributed significantly to this initiative. In the year 2001, Australia, with only 2.5% of world cattle numbers retains the position of world number one beef trader. We trade to 110 countries worldwide. The Australian beef sector is worth A$6 billion annually. The diversity of Australian environments, cattle genotypes and production systems provides us with the ability to meet diverse specifications for beef products. A new set of market forces is now emerging. Strict accreditation rules apply to Australian producers seeking access to the lucrative European Union market. Transmissible spongiform encephalopathies like bovine spongiform encephalopathy and scrapie are a continuing food safety concern in Europe. This and the foot and mouth disease outbreak in Britain early in 2001 have potentially significant indirect effects on markets for Australian beef. And the sleeping giant, foot and mouth disease-free status of Latin American countries Brazil, Uruguay and Argentina continues to emerge as a major threat to Australian beef markets in Canada and Taiwan. As in the past, science and technology will play a significant role in Australia¿s response to these market forces.
34
Patel, Parth, Brendan Boyle, Mark Bray, Paresha Sinha, and Ramudu Bhanugopan. "Global staffing and control in emerging multinational corporations and their subsidiaries in developed countries." Personnel Review 48, no. 4 (June 4, 2019): 1022–44. http://dx.doi.org/10.1108/pr-07-2017-0211.
Full textAbstract:
Purpose The purpose of this paper is to examine the control mechanisms used by multinational corporations (MNCs) from emerging economies to manage their subsidiaries in developed countries and their implications for human resource management practices. Design/methodology/approach The paper draws on data collected through in-depth case studies and interviews with senior subsidiary managers of 12 major Indian information technology (IT) MNCs operating in Australia. Findings Indian IT MNCs rely heavily on the use of people-centric controls exerted through global staffing practices (via the transfer of parent-country nationals), which, in turn, influence their subsidiary’s discretion over their HR practices. The use of people-centric controls allows Indian IT multinationals to replicate parent-country HRM practices in their Australian subsidiaries in an ethnocentric manner and significantly leverage the people-based competitive advantages from India through short- and long-term expatriate assignments. Research limitations/implications The study investigates control and HRM practices from a single country and a single industry perspective. It provides an insight into the normative means of control in foreign subsidiaries of MNCs and enhances our understanding by explaining the integrated relationship that control mechanisms (and their people-centric components) have with HRM practices including the global staffing approaches and expatriate management practices of emerging MNCs. Practical implications Indian MNCs are using their business model to leverage the Australian immigration and skilled visa programme to maintain cost advantages. However, the immigration legislation in developed countries needs to be capable of allowing emerging multinational corporations (EMNCs) to maintain such advantages as developed countries seek to attract foreign direct investment from emerging economies. Originality/value The results indicate that the control practices of EMNCs are similar to the controls exerted by MNCs from developed countries. They also show that EMNCs do not adopt a portfolio approach to global staffing, and that the people-centric components of their control have a clear impact on their subsidiaries’ HRM practices.
35
Robertson, M. J., G. J. Rebetzke, and R. M. Norton. "Assessing the place and role of crop simulation modelling in Australia." Crop and Pasture Science 66, no. 9 (2015): 877. http://dx.doi.org/10.1071/cp14361.
Full textAbstract:
Computer-based crop simulation models (CSMs) are well entrenched as tools for a wide variety of research, development and extension applications. Despite this, critics remain and there are perceptions that CSMs have not contributed to impacts on-farm or in the research community, particularly with plant breeding. This study reviewed the literature, interviewed 45 stakeholders (modellers, institutional representatives and clients of modelling), and analysed the industry-funded project portfolio to ascertain the current state of use of CSMs in the grains industry in Australia, including scientific progress, impacts and development needs. We found that CSMs in Australia are widely used, with ~100 active and independent users, ~15 model developers, and at any one time ~10 postgraduate students, chiefly across six public research institutions. The dominant platform used is APSIM (Agricultural Production Systems Simulator). It is widely used in the agronomic domain. Several cases were documented where CSM use had a demonstrable impact on farm and research practice. The updating of both plant and soil process routines in the models has slowed and even stalled in recent years, and scientific limitations to future use were identified: the soil–plant nitrogen cycle, root growth and function, soil surface water and residue dynamics, impact of temperature extremes on plant function, and up-to-date cultivar parameter sets. There was a widespread appreciation of and optimism for the potential of CSMs to assist with plant-breeding activities, such as environmental characterisation, trait assessment, and design of plant-breeding programs. However, we found little evidence of models or model output being used by plant breeders in Australia, despite significant impacts that have emerged recently in larger international breeding programs. Closer cooperation between geneticists, physiologists and breeders will allow gene-based approaches to characterise and parameterise cultivars in CSMs, demonstrated by recent progress with phenology in wheat. This will give models the ability to deal with a wider range of potential genotype × environment × management scenarios.
36
BATEMAN, HAZEL, and SUSAN THORP. "Decentralized investment management: an analysis of non-profit pension funds." Journal of Pension Economics and Finance 6, no. 1 (February 14, 2007): 21–44. http://dx.doi.org/10.1017/s1474747206002484.
Full textAbstract:
We investigate delegated investment management in private pension accounts using data from Australian accumulation (superannuation) funds. In Australian non-profit pension funds, trustees choose investment managers on behalf of members. We find that funds with many delegated managers have higher risk-adjusted returns than those with few. However funds with 13 or less specialized managers show no improvement over funds with a single diversified manager. All do worse than a benchmark portfolio of asset-class indices. Further, by using random selection to mimic the choices of an uninformed individual choosing from the same menu of delegate managers as used by trustees, we show that returns from pension funds with large numbers of trustee-selected managers compare favorably with returns from randomly selected, equally weighted portfolios. However this improvement falls off quickly for funds with fewer trustee-selected managers, or when randomly selected portfolios are also diversified across asset classes. Results indicate that an uninformed individual following a naive diversification strategy would have done as well as most trustee boards in this sample.
37
Trotman, Judith, Xavier Badoux, Admir Huseincehajic, Michele Gambrill, Anais LeGall, Michelle Daly, Mark Lacey, et al. "Clintrial Refer- a Mobile App To Connect Patients With Local Clinical Trials." Blood 122, no. 21 (November 15, 2013): 5600. http://dx.doi.org/10.1182/blood.v122.21.5600.5600.
Full textAbstract:
Abstract Background Readily accessible, smart-phone applications (Apps) have the potential to revolutionise and improve the delivery of patient care. Significant challenges associated with recruiting patients to haematology clinical trials include the rarity of diseases, complexity of trials, limited site locations, and maintaining knowledge of current trials in the context of rapid therapeutic developments. The Haematology Clinical Research Network, of New South Wales and the Australian Capital Territory (NSW/ACT) aimed to develop an App to facilitate clinician and patient access to current information on local clinical trials and improve trial participation by increasing referrals. Methods Key objectives were to develop an App that was free to download, simple to use and effective. Only publically listed data was to be included. Endpoints were rates of App usage, and cross-site and internal clinical trial referrals. Through liaison between the end-users (clinicians, trial managers and patients), and the contracted software developer, App specifications were refined through successive iterations. With the key search filters of Disease, Location, Sponsor and Study Status, the App has an easy to navigate listing of currently recruiting haematology trials. Useful features include: listing of inclusion and exclusion criteria; direct links to ClinTrials.gov; a lay summary; and direct contacts from the mobile device to participating study sites. Real-time data entry into the database app manager ensures currency of trial information. Results ClinTrial Refer went live in May 2013, on both iOS and Android platforms. As at 10th August, ClinTrial Refer has 654 users, over 4358 sessions and 13924 screen views.91% of current users are repeat users. Despite its local application the App has been accessed in 46 countries. Among the target audience in NSW 290 repeat users returned for an average 11 sessions each indicating a high user acceptance. It is being endorsed on the websites of Australian blood cancer consumer groups. A survey has confirmed that since its launch, through having readily accessible data on their smart-phones, ClinTrial Refer has increased clinician awareness of the NSW trial portfolio. In just twelve weeks it has resulted in the cross-referral of an additional 30+ patients for clinical trials, representing a >300% increase over previous referral patterns. This improvement in trials knowledge management has also increased within-site recruitment; however it is harder to quantify the exact short-term impact of ClinTrial Refer within hospitals. The App has already been duplicated for other Australian state-wide haematology networks and the Adolescent & Young Adult Research Network, NSW. Conclusion ClinTrial Refer is an innovative but simple, readily accessible mobile Application. Its widespread adoption across 18 Haematology Clinical Research sites in NSW Australia is facilitating increased patient recruitment to trials. Only recently available on iTunes and Google Play, it has attracted national and international attention as a template for any clinical trial network portfolio. Disclosures: Trotman: Celgene: Grant for App development Other. Huseincehajic:Celgene: Grant for App development Other.
38
Koh, Aileen, and Lynn Crawford. "Portfolio Management: The Australian Experience." Project Management Journal 43, no. 6 (December 2012): 33–42. http://dx.doi.org/10.1002/pmj.21300.
Full text
39
Afzal, Adeel, Sue Kilpatrick, and Lydia R. Turner. "Tasmanian Dairy Farmers’ Attitudes towards Using E-Extension Methods; Strengthening the Dairy Extension System for a Sustainable Dairy Industry in Tasmania, Australia." Sustainability 14, no. 21 (November 6, 2022): 14585. http://dx.doi.org/10.3390/su142114585.
Full textAbstract:
The Tasmanian dairy industry is one of the major contributors to the Tasmanian economy and Australia’s export portfolio. The Tasmanian Government funding plan (2018–2023) for RD&E focuses on sustainable dairy farm production with an impact pathway incorporating provisions for extension services. Considering the need for an effective extension system, the continued adaptation of extension services is required to ensure that there is a collaborative and learning mechanism between extension experts and farmers that supports relationship building and innovation. E-extension methods can increase dairy farmers’ access to timely information while addressing time and cost challenges by reducing personal visits and establishing frequent communications between farmers and extension workers. This study uses the Technology Acceptance Model (TAM) to understand the attitudes of dairy farmers toward using E-extension methods. It was revealed that dairy farmers who are young, educated, and managing dairy farms with large herd sizes hold positive attitudes toward E-extension. These farmers regularly seek online dairy-related guidance as well as regularly participate in different extension activities. This study concludes that establishing a hybrid framework incorporating E-extension methods with complementary face-to-face extension activities will help maintain a profitable and sustainable dairy industry in Tasmania.
40
Sukumaran, Aswini, Rakesh Gupta, and Thadavilil Jithendranathan. "Looking at new markets for international diversification: frontier markets." International Journal of Managerial Finance 11, no. 1 (February 2, 2015): 97–116. http://dx.doi.org/10.1108/ijmf-05-2013-0057.
Full textAbstract:
Purpose – The purpose of this paper is to examine whether there exist significant benefits from diversification into frontier markets for an Australian investor in comparison to a US investor. Design/methodology/approach – The study uses the computationally efficient ADCC GARCH model to estimate time-varying correlations of returns. The authors also compare the results to DCC GARCH correlations in order to test whether the results are model-specific. Optimal portfolios with several restrictions were constructed and the results from Australian and US investors were compared. The study also uses a holding out period that is rebalanced at the end of each quarter using new portfolio weights. Findings – The study finds that there are significant benefits for the Australian investor from diversifying into frontier markets. However, the benefits to the US investor are much higher than that of an Australian investor. The results from the holding out period also present significantly higher benefits to the US investor compared to the Australian investor. Originality/value – This study examines the diversification benefits to the Australian investor from frontier markets and compares the benefits of the Australian and the US investors. The results emphasise the potential benefits from including frontier markets in the portfolio. The paper also presents a holding out period analysis.
41
D. Benson, Earl, and Sophie X. Kong. "The reaction of Asian-Pacific investment company returns to U.S. equity returns." Investment Management and Financial Innovations 18, no. 2 (May 31, 2021): 209–22. http://dx.doi.org/10.21511/imfi.18(2).2021.17.
Full textAbstract:
This study is relevant to investors who wish to diversify their investment portfolio by investing in U.S.-based investment companies that invest in specific Pacific Basin countries to better understand the diversification benefits of such investments. The purpose is to examine the daily returns of selected U.S.-based, country-focused (Pacific Basin) investment companies to see if those returns accurately reflect the changes of the equity indices of the corresponding Pacific Basin market on the following trading day. The method used is that the reactions of daily investment company returns compared to U.S. market daily returns are examined for Japan, South Korea, and Australia for the period 2006–2010. These return reactions are compared to the home-country returns. Next, for the period from 2011 to 2015, the examination is broadened to include U.S.-based investment companies that invest in Taiwan, Singapore, China, and Indonesia. The results show that investment company share prices on “day t” tend to overreact to changes in the S&P 500 on “day t”, relative to “day t+1” changes in the corresponding Pacific Basin market index – often by more than 100%. Finally, the study shows that on “day t+1” these investment company share prices exhibit a reversal. These findings indicate that the diversification benefits of investing in these Pacific Basin investment companies are reduced due to this increased volatility. S&P 500 returns are accompanied by significantly larger returns on the Pacific Basin investment company shares than are actually realized in the home country on the following day, suggesting that the diversification benefits are not being fully realized.
42
Brown, Christine, Viet Do, and Oscar Trevarthen. "Liquidity shock management: Lessons from Australian banks." Australian Journal of Management 42, no. 4 (November 17, 2016): 637–52. http://dx.doi.org/10.1177/0312896216656720.
Full textAbstract:
Prior to the 2007–2009 financial crisis, international banks had an average share of around 65% of the syndicated loan market in Australia. When the crisis hit, the resulting liquidity shock resulted in globally active international banks exiting the Australian market. With limited global operations, the major Australian banks were able to absorb and manage the liquidity shock. This resulted in domestic banks carrying a significantly greater proportion of revolving credit facilities in their syndicated loan portfolios after 2008. Domestic bank willingness and ability to deal with the market disruption and to hold a greater proportion of high liquidity risk revolvers are directly linked to the level of their transaction deposits. Their increased involvement in revolving facilities cannot be fully explained by the certification effect or flight-to-home effect. It is not demand driven and is robust to endogeneity tests.
43
Zhai, Zhao, Ming Shan, Amos Darko, and Yun Le. "Visualizing the Knowledge Domain of Project Governance: A Scientometric Review." Advances in Civil Engineering 2020 (February 19, 2020): 1–15. http://dx.doi.org/10.1155/2020/6813043.
Full textAbstract:
Over the past two decades, project governance has attracted increasing attention from researchers and practitioners worldwide and has become an important research area of project management. However, an inclusive quantitative and systematic analysis of the state-of-the-art recently available research in this field is still missing. This study attempts to map the global research on project governance through a state-of-the-art review. A total of 285 bibliographic records were retrieved from the Web of Science Core Collection database and analyzed by the visual analytic tool—CiteSpace. The results indicated that there has been an increasing research interest in project governance. The most productive and the most highly cited author in the area of project governance is Müller R., and most of the existing project governance research achievements are from Australia, China, USA, and Norway. By synthetically analyzing the keywords, future research might focus on governance of megaprojects and project success. Additionally, 9 knowledge domains of project governance were identified, including conceptual framework, public projects, governance structure, governance context, megaproject governance, contractual and relational governance, sustainability, portfolio governance, and project success. This study contributes to the body of knowledge by mapping the existing project governance research. It is particularly helpful to new and early-stage researchers who plan to do research on project governance, as it can provide them an overview of project governance research, including key authors, main institutions, hot topics, and knowledge domains. Moreover, the findings from the study are beneficial to industry practitioners as well, as they can help industry practitioners understand the latest development of governance theory and practice and thereby help them locate the best governance strategies for project management.
44
Hutcheson, Tiffany, and Graeme Newell. "Decision-making in the management of property investment by Australian superannuation funds." Australian Journal of Management 43, no. 3 (April 20, 2018): 404–20. http://dx.doi.org/10.1177/0312896218754476.
Full textAbstract:
Decision-making in property investment by superannuation funds is an important investment decision, but it is different to their decision-making on other asset classes included in their asset portfolios. The large value and heterogeneous nature of individual pieces of real estate make the market for real estate relatively illiquid and subject to larger transaction costs than other asset classes. Based on interview surveys of Australian superannuation funds, using the analytical hierarchical process (AHP), we identified strategic decision-making as being the most important factor used by the superannuation funds when making decisions on the management of their property investment portfolio. Comments during the interviews indicated that their decisions were influenced by restrictions in their fund’s investment mandate and the level of funds that they had to invest. The AHP technique has allowed this research to provide a more in-depth understanding of the management of decision-making factors than previous surveys.
45
Lyesnikova, Maryna. "GENDER-SENSITIVE EDUCATIONAL ENVIRONMENT IN VOCATIONAL TRAINING INSTITUTIONS: EXPERIENCE OF DEVELOPED COUNTRIES AND OPPORTUNITIES FOR UKRAINE." Educational Analytics of Ukraine, no. 3 (2022): 26–40. http://dx.doi.org/10.32987/2617-8532-2022-3-26-40.
Full textAbstract:
The educational environment in the system of vocational education and training (VET), as a component of the global education system, should be gender-sensitive without any manifestations of gender bias and discrimination. The article identifies that such factors as national, regional or local management of VET institutions, labor market requirements, involvement of social partners, etc. reduce gender imbalance and contribute to the formation of a gender-sensitive educational environment. A review of best practices in education systems in Australia, the USA, Finland, Germany and Ireland showed that government projects are underway to create a gender-sensitive educational environment in VET institutions. The online platforms of these projects contain toolkits, examples of good practices, tips, useful links, examples of gender-neutral curricula, best teaching methods, teaching aids, elements of gender-sensitive speech, portfolio of professions, etc. In Ukraine, gender equality issues are also given some attention in VET institutions. Management and employees are aware of the importance of gender equality for the development of VET institutions and work continues to overcome stereotypes in career guidance work. However, there is currently no institutional framework or mechanisms for gender equality in domestic VET. In addition, there is no designated person for gender policy. According to the research results, primary steps for the development of a gender-sensitive educational environment in Ukrainian VET institutions are proposed, namely: the development of organizational frameworks and mechanisms for ensuring gender equality; regular training of teaching staff in the promotion of gender equality and the elimination of stereotypes in vocational guidance work; ensuring universal access to classrooms, workshops and laboratories, sports halls, locker rooms and other facilities of the VET institutions for free access by all without segregation, etc. The main direction of further research is the creation of methodological bases for the formation of an inclusive and gender-sensitive educational environment in VET institutions.
46
Manickavasagam, Jeevananthan, and Visalakshmi S. "An investigational analysis on forecasting intraday values." Benchmarking: An International Journal 27, no. 2 (October 4, 2019): 592–605. http://dx.doi.org/10.1108/bij-11-2018-0361.
Full textAbstract:
Purpose The algorithmic trading has advanced exponentially and necessitates the evaluation of intraday stock market forecasting on the grounds that any stock market series are foreseen to follow the random walk hypothesis. The purpose of this paper is to forecast the intraday values of stock indices using data mining techniques and compare the techniques’ performance in different markets to accomplish the best results. Design/methodology/approach This study investigates the intraday values (every 60th-minute closing value) of four different markets (namely, UK, Australia, India and China) spanning from April 1, 2017 to March 31, 2018. The forecasting performance of multivariate adaptive regression spline (MARSplines), support vector regression (SVR), backpropagation neural network (BPNN) and autoregression (1) are compared using statistical measures. Robustness evaluation is done to check the performance of the models on the relative ratios of the data. Findings MARSplines produces better results than the compared models in forecasting every 60th minute of selected stocks and stock indices. Next to MARSplines, SVR outperforms neural network and autoregression (1) models. The MARSplines proved to be more robust than the other models. Practical implications Forecasting provides a substantial benchmark for companies, which entails long-run operations. Significant profit can be earned by successfully predicting the stock’s future price. The traders have to outperform the market using techniques. Policy makers need to estimate the future prices/trends in the stock market to identify the link between the financial instruments and monetary policy which gives higher insights about the mechanism of existing policy and to know the role of financial assets in many channels. Thus, this study expects that the proposed model can create significant profits for traders by more precisely forecasting the stock market. Originality/value This study contributes to the high-frequency forecasting literature using MARSplines, SVR and BPNN. Finding the most effective way of forecasting the stock market is imperative for traders and portfolio managers for investment decisions. This study reveals the changing levels of trends in investing and expectation of significant gains in a short time through intraday trading.
47
Lyu, Ke. "Portfolio Management of 8 Australian Companies’ Stocks." Open Journal of Social Sciences 09, no. 01 (2021): 438–46. http://dx.doi.org/10.4236/jss.2021.91032.
Full text
48
Hadjinicolaou, Nick, Jantanee Dumrak, and Sherif Mostafa. "Relationship Investigation of Organizational Agility Characteristics and Portfolio Management Maturity." MATEC Web of Conferences 312 (2020): 02011. http://dx.doi.org/10.1051/matecconf/202031202011.
Full textAbstract:
Today’s organizations operate within rapid changes in economy and market conditions. Organizational agility (OA) provides organizations with the ability to adapt rapidly to internal and external changes productively and cost-effectively. Furthermore, the adaptive ability and real-time responsiveness of organizations are generally necessitated for projects and portfolios to reach maturity. While the characteristics of OA and portfolio management maturity (PfMM) have been studied in the existing literature, the relationships between these two variables have not been fully explored. This study employs canonical correlation analysis (CCA) not only to investigate relationships among the characteristics of OA and PfMM but also to present the status quo of the studied variables from Australian perspectives. The results of the analysis are graphically presented to identify the formation of each OA characteristics at different levels of PfMM. The research data was collected from 36 respondents in public and private Australian sectors. The research findings show diverse combinations of the OA characteristics constructed at different levels of PfMM. The results also identify specific OA characteristics that highly contribute to the highest level of PfMM. This allows organizations with limited resources to precisely concentrate on the characteristics that will improve performance and achieve PfMM.
49
Vance, Lenny, Maria M. Raciti, and Meredith Lawley. "Beyond brand exposure: measuring the sponsorship halo effect." Measuring Business Excellence 20, no. 3 (August 15, 2016): 1–14. http://dx.doi.org/10.1108/mbe-07-2015-0037.
Full textAbstract:
Purpose Global spending on sponsorship continues to rise and many companies now establish portfolios containing a range of sponsorships across sport, arts and cause-related activities. Yet a lack of practical methodologies for the measurement and comparison of sponsorship performance within a portfolio context remains a challenge. Sponsors often rely solely on proxy measures for brand exposure drawn from advertising. These do not capture the higher-level outcomes of sponsorship awareness and goodwill transfer, often attributed to sponsorship as a ‘halo effect’. This paper aims to present a matrix tool that combines consumer awareness of and goodwill for a sponsorship so the halo effects of sponsorships within a portfolio can be quantified and compared. Design/methodology/approach This archival analysis study is based on six years of brand tracking data (comprising some 15,500 consumer surveys) supplied by a large Australian company. A sponsorship portfolio matrix is developed to measure the halo effect. Findings This study demonstrates that a sponsorship’s halo effect can be measured and comparisons can be drawn across sponsorship types within a portfolio. The study shows that despite the significantly higher levels of brand awareness achieved by commercially oriented professional sports sponsorship types, community relations oriented sponsorship types achieve a greater halo effect because of their more positive impact on the sponsor’s brand attributes. Originality/value The matrix provides a valuable tool by which sponsorships can be compared, evaluated and managed to meet the longer-term brand and marketing objectives of a company.
50
Mirza, Yaser. "Challenges for Managing Complex Application Portfolios: A Case Study of South Australian Public Sector Agency." International Journal of Managing Information Technology 13, no. 03 (August 30, 2021): 01–08. http://dx.doi.org/10.5121/ijmit.2021.13301.
Full textAbstract:
This research explores the challenges in management and the root cause for complex application portfolios in the public sector. It takes Australian public sector organisations with the case of South Australia Police (SAPOL) for evaluation it being one of the significant and mission critical state government agencies. The exploratory research surfaces some of the key challenges using interview as primary data collection source, along with archive records, documentation, and direct observation as secondary sources. This paper reports on the information analysed surfacing eight key issues. It highlights that the organic growth of the technology portfolios, with mission criticality has resulted in many quick fixes which are not aligned with long term enterprise architectural stability. Integration of different mismatched technologies, along with the pressure from the business to always keep the lights on, does not provide the opportunity for the portfolios to be rationalised in an ongoing way. Other issues and the areas for further study are explored at the end.