2011 Annual Report FBE

Annual Report 2011 Outlook 2012

Vision The Faculty of Business and Economics provides world-class education and is renowned for scholarly teaching, the productive exchange of knowledge and excellence in research and research training.

Mission The leadership of the Faculty of Business and Economics at the University of Melbourne will be indicated by: 1. A ranking in the top 30 business and economics schools worldwide 2. Achieving the highest ranking nationally among schools of business and economics 3. Attracting the most talented students and staff to study and work in the Faculty 4. Being employers’ first choice for graduates 5. Being an organisation’s first choice for executive education 6. Providing expert advice on issues critical to the economic and social wellbeing of communities, enterprises and societies.

In 2011, the Faculty of Business and Economics became the first university in Victoria to be awarded accreditation by the Association to Advance Collegiate Schools of Business International (AACSB). We are the second university in Australia to earn AACSB accreditation in both business and accounting. b Annual Report 2011 Outlook 2012

Contents Message from the Dean

2

The Faculty of Business and Economics

4

Structure 4 Governance 5 The Business and Economics Board 7

Undergraduate programs

13

Graduate School of Business and Economics

14

Graduate coursework Graduate research Executive education

14 16 18

Student services

19

Departments in the Faculty

21

Department of Accounting Department of Economics Department of Finance Department of Management and Marketing The Melbourne Institute

21 23 24 25 27

Centres in the Faculty

28

2011 academic distinctions and awards

34

Research 36 Engagement with business and the community

51

Engagement with our students

52

Global engagement Exchange partner institutions

54 55

Engagement with alumni

57

The Business and Economics Alumni Council

57

Thank you to our donors

60

Academic and departmental staff

62

Department of Accounting Department of Economics Centre for Actuarial studies Department of Finance Department of Management and Marketing The Melbourne Institute

62 63 65 66 67 69

Professional staff of the Faculty

72

Appointments, promotions and farewells

75

Statistical tables

76

Annual Report 2011 Outlook 2012 1

Message from the Dean The Faculty of Business and Economics aims to provide the very best educational experience for all of our students, regardless of their circumstances. With this in mind, the Faculty has established the Melbourne Foundation for Business and Economics to raise funds to support scholarships, bursaries and access programs – ensuring the most talented students will gain the best possible education with no barriers of geography or financial hardship.

The Foundation launch, ‘Giving bright minds a brilliant future’, was held in March and was attended by over 420 guests, including a significant number of major corporate sponsors, raising over $500,000 for the Foundation.

Our outstanding research and teaching results were recognised in the world university rankings in 2011. The 2011 QS World University Rankings ranked the Faculty first in Accounting and Finance and equal first for Economics and Econometrics in the Asia–Pacific region. This translates to a world ranking of 14th and 16th in the world, where we join institutions such as Harvard, Oxford and Cambridge as the top ranked international business schools. The Shanghai Jiao Tong Academic Ranking of World Universities, ranked the University of Melbourne number one in Australia, and number 60 globally.

The Times World University Rankings 2011/2012, ranked the University number one in Australia and number 37 in the world.

The fact that we are the only Australian university to place in the top 100 of the subject-specific Economics and Business ranking affirms our mission to be a leading business and economics school in the Asia–Pacific region and reflects our commitment to excellence in teaching and research.

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While it is pleasing to be externally recognised, our mission is to provide the best educational experience for our students; to undertake research that will make a difference to industry, economic policy and the community; and to inspire other scholars in our disciplines.

of consulting and customised services being provided to government, industry and the not-for-profit sector. We have worked with clients like ANZ and Honda to deliver customised executive education programs that are delivered in-house.

A major research achievement sees the Melbourne Institute is on its way to becoming an international centre of excellence for applied research in the economics of education. The Victorian Department of Education and Early Childhood Development awarded Professor Deborah CobbClarke and her dedicated team in excess of $5m. The grant will be used to establish the Economics of Education and Child Development program.

In research, we have partnered with PricewaterhouseCoopers to undertake a project on organisational agility. Professor Graham Sewell leads a research team including Dr Adam Barsky, and Dr Michael Zyphur along with PWC leaders Mr Sammy Kumar and Mr Richard Shackloth to investigate the flexibility and responsiveness of organisations across different sectors. This is just one example of how our worldclass research expertise is being harnessed to help businesses, government and community groups improve and change.

The Melbourne Institute held its annual Economic and Social Outlook Conference in June. The conference provides an important opportunity to contribute to the policy reform that can enrich Australia’s overall wellbeing and ensure lasting prosperity. The Conference is the nation’s premiere economic and social public policy conference, providing a unique forum bringing together leading politicians, bureaucrats, academics and non-government organisation representatives.

In 2011, we introduced an exciting suite of Executive Education programs and expanded the range

Our students continue to excel and in May, four honours students in accounting were offered PhD places at prestigious universities in the United States. Two accepted offers at Booth Business School in Chicago. A third accepted a place at Harvard Business School and a final student at Columbia University in New York. We are immensely proud of these students; their success is a serious endorsement of the calibre and quality of our programs and of our graduates. See page 21 for more details.

In June, Joshua Tan, an outstanding young man with an impeccable academic history and a very bright future ahead, won the inaugural Bachelor of Commerce Medal for the highest BCom graduating score.

September delivered a wonderful result for a number of our Bachelor of Commerce students competing in the Institute of Chartered Accountants Student Challenge for 2011. Final year students, Wan Ning Cheng and Yan Jun Tan, emerged as overall winners while Vincent Williams and Jane Zhang won the First Year category. It was a fantastic achievement by the students and sign of the strength of our undergraduate program.

In 2011, domestic enrolments into the BCom continued an upward trend, reinforcing the degree’s reputation. The BCom remains the premier undergraduate choice for both domestic and international students.

At the Graduate School of Business and Economics (GSBE), both international and local enrolments increased substantially; reflecting positively on the GSBE development strategy. As part of our commitment to continuously improving and maintaining quality teaching and learning, the GSBE reviewed and made changes to a number of courses in 2011. These changes (due to take effect in 2012) will ensure ongoing market and industry relevance and compliance with new national qualification guidelines from 2015. For more information on these changes see the GSBE section of this report on page 14.

The year saw a number of valued colleagues leave us: Deputy Dean and Director of the GSBE, Professor Greg Whitwell; Director of Advancement, Suzanne Dixon; and Faculty General Manager, Aileen Loi. All these senior staff have made extraordinary contributions to the Faculty, with almost 50 years of service between them.

We are fortunate that Professor Nasser Spear is now Deputy Dean and Director of the GSBE. He has worked and studied at a number of leading institutions internationally and domestically and comes with a great deal of experience through his role as Associate Dean (Global Engagement).

Professor Bill Harley was appointed as the Associate Dean (Global Engagement) and plays a crucial role informing the Faculty and Graduate School’s international strategy and further developing our engagement in the Asia–Pacific region.

In March 2012, I will be concluding my tenure as Dean of the Faculty, a position I have held since 2003. My congratulations to Professor Paul Kofman, who has been appointed as future Dean.

I have greatly enjoyed my period as Dean and I am looking forward to returning to my teaching and

research and continuing my commitment to the Faculty in this capacity.

With the support of the Business and Economics Board, my management team and colleagues during my time as Dean, the Faculty of Business and Economics has had many milestones and achievements that have often exceeded my expectations. We have strengthened our research profile; developed and moved into a five-star green building; created the Business and Economics Board; launched the Melbourne Foundation for Business and Economics and the Alumni Council; moved confidently towards a strong graduate profile through the launch of the Graduate School of Business and Economics; renewed the BCom curriculum; and have successfully harnessed the support and endorsement of the wider business, government and community sectors. There is much to be proud of for us in these achievements, and I am personally honoured to have been involved in the Faculty’s development.

I hope you will read this report of our 2011 activities and our outlook for 2012 with interest.

Margaret A Abernethy Dean Sidney Myer Chair of Commerce

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The Faculty of Business and Economics

The Faculty of Business and Economics is one of the world’s leading centres of teaching and research in the core areas of accounting, actuarial studies, economics, finance, management and marketing. The Faculty provides undergraduate, graduate and executive education to over 6,000 local and international students.

Structure The Faculty of Business and Economics The Faculty oversees two academic divisions to deliver our vision of providing world-class business and economics undergraduate, graduate and executive education.

Undergraduate Education Led by Deputy Dean, Professor Paul Kofman, the focus of the undergraduate program is to maintain and build the very best Bachelor of Commerce and Honours programs available.

The Graduate School of Business and Economics (GSBE) Led by Deputy Dean and Director, Professor Nasser Spear, the GSBE is the home of graduate studies across the core disciplines and includes graduate courses, graduate research education and executive education programs.

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Academic Departments Faculty academic staff are located within five discipline specific departments each with a Department Head and a Service Manager: Accounting Economics Finance Management and Marketing The Melbourne Institute.

Student Services All students are supported in their studies by a comprehensive student support services.

These include the Commerce Student Centre, the GSBE Student Centre, the Student Experience teams, the Business and Economics Careers Centre and the Teaching and Learning Unit. The services are run by dedicated teams of academic and professional staff.

Professional Service Units The professional service units (PSUs) support the daily operations of the Faculty and are staffed largely by professional staff. These service units include Advancement and Marketing, Finance and Resources, Human Resources, Information Technology and Research Support.

Governance The Faculty is led by the Dean who is advised and supported by a broad range of stakeholders including Senior Management, staff and an advisory board of prominent leaders drawn from the business, government and community sectors.

The governance structure of the Faculty is outlined below.

Faculty Executive Committee The Faculty Executive Committee is the senior management group for the Faculty with overall responsibility for making recommendations to the Dean on the strategic development of the Faculty’s teaching, research and engagement activities. It is also responsible for obtaining and providing input on matters of key strategic importance to the Faculty.

Its key responsibilities include: the formulation and review the Faculty’s Strategic Plan and Budget; monitoring of the Faculty’s performance against its strategic objectives; and advising the Dean on the management of resources, the performance of the teaching and learning, and its research and engagement activities.

Inaugural Foundation dinner, March 2011

The Committee has several working sub-committees who provide recommendations to the Faculty Executive for approval: – Research Committee – Graduate Coursework and Research Training Committee – Global Engagement Committee – Operational Management Committee (formerly the Business Centre Service Management Committee).

Faculty Consultative Committee The role of the Faculty Consultative Committee is to provide a forum for the Dean to communicate with, and receive advice from, Faculty members on the progress and achievement of the Faculty’s mission.

The Committee may initiate and make suggestions to the Dean, as well as respond to and provide comment on advice provided by the Dean, on a range of issues including: academic programs, research outcomes, global engagement, the finance, management and leadership structure of the Faculty, any major developments and initiatives for the Faculty.

The Business and Economics Advisory Board The Business and Economics Advisory Board challenges us to become the leading Business and Economics Faculty and Graduate School in the region and one of the best in the world. It provides curriculum guidance and links us with the developments and needs of the business world and beyond.

Board members are comprised of prominent leaders from the highest levels of business and public life in Australia. Dr Peter Yates continued as Board Chair in 2011.

Two new alumni joined the Board in 2011: Paula Dwyer and The Honourable Jim Short.

The Melbourne Foundation for Business and Economics The Melbourne Foundation for Business and Economics has been created to provide the support necessary for the Faculty of Business and Economics to innovate and excel in an increasingly competitive marketplace.

Philanthropic support increases our capacity to attract talented staff and students, and offer programs that make vital contributions to education, knowledge and society.

The Foundation watches over and stewards any and all gifts that are pledged to the Faculty.

The Foundation ensures any gift made has the greatest impact in the Faculty at any given time. Donors can be safe in the knowledge that their support will play a critical role in maintaining the Faculty’s stature as a global leader in undergraduate and graduate business and economics education.

Annual Report 2011 Outlook 2012 5

Academic Board President, Professor Ron Slocombe with Copland Scholar Anna Kilmartin

2011 has been the year in which two long held ambitions for the Faculty were finally realised: the Foundation for Business and Economics was launched and the new Business and Economics Alumni Council, established in December 2010, held its first meeting. The year was also important for the external recognition of the pre-eminence in which the research and teaching of the Faculty is held both regionally and throughout the world. These initiatives collectively ensure the Faculty is able to pursue its vision of providing world-class business and economics education, excellence in research and the productive exchange of knowledge.

The Melbourne Foundation for Business and Economics was established to create a Faculty specific endowment fund and to proactively honour benefaction both past and future. The inaugural Foundation Dinner was held in March. The University Chancellor His Excellency The Hon. Alex Chernov, AO, QC, officially opened the Dinner.

With the theme ‘Giving bright minds a brilliant future’, 23 current scholarship holders attended as the Foundation’s guests. The Dinner raised almost $500,000 for the Foundation. The event marked the inaugural Alumni of Distinction awards, with the Australian of the Year, Simon McKeon (BCom 1976 LLB 1978) receiving the Lifetime

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Achievement Award and Ross Cameron (BCom 1987) receiving the Contribution to the Faculty Award.

The new B&E Alumni Council, co-chaired by the Hon Jim Short and Chris Leptos, AM, set about its mandate with vigour delivering important pieces of work in the areas of philanthropy, cohorts and segmentation, programs and services and alumni recognition and awards.

The Council has set an ambitious target of 100% participation for alumni giving and work has begun on a program of engagement to inform and involve alumni, including our important cohort of international alumni.

The work of the Alumni Council and Foundation has been supported by the recently expanded Faculty Advancement team. We were delighted to welcome Stephen May as our new Director following the retirement of Suzanne Dixon. We extend our many thanks to Suzanne who has worked tirelessly across the Faculty over many years and was instrumental in developing and growing the advancement function within the Faculty. We also welcomed Ali Macleod as Manager Fundraising and Major Gifts, Alice Sykes as Senior Executive Officer – Board and Committee Secretary, and Leonie Slavin as Scholarships and Prizes Officer.

I would like to thank my fellow board members along with the members of the Alumni Council who have given of their time and expertise and have provided wise counsel in assisting the Faculty to achieve its vision. I would also like to thank Tony Burgess who has taken on the role of Chairman of the Foundation. My thanks go to our Dean, Professor Margaret Abernethy who will retire in March. Professor Abernethy has set the Faculty on an exciting and ambitious course and the Board and Alumni Council has been privileged to be a partner in that vision. We are fortunate that Professor Abernethy’s expertise and experience will not be lost to the Faculty, as she will continue in the Accounting Department pursuing her love of research and teaching.

With the Board, Foundation and Alumni Council in place working together strategically with the Faculty we look forward to continuing as a global leader in undergraduate, graduate and executive business and economics education.

Peter W Yates, AM Chair, Business and Economics Board

The Business and Economics Board and the Melbourne Foundation for Business and Economics Board members

MR Peter W Yates, AM (Chair – Business and Economics Board)

Peter Yates is Chairman of the Peony Capital General Partnership and a director of AIA Australia Ltd, Oceania Capital Partners Ltd and MOKO.mobi. He was previously Managing Director of Oceania Capital Partners, CEO of Publishing and Broadcasting Ltd and, until 2001, worked in the investment banking industry, including 15 years with Macquarie Group.

He has also worked for Morgan Stanley in Australia and Booz Allen Hamilton in Tokyo. Mr Yates holds a Doctorate of the University (Murdoch), a Masters degree from Stanford University Graduate School of Business, and a Commerce degree from the University of Melbourne. Mr Yates is also Chairman of the Royal Institution of Australia and the Australian Science Media Centre. He is Deputy Chairman of Asialink and Asia Society AustralAsia Centre; a Board Member of the Australian–Japan Foundation, the Australian Chamber Orchestra, the Royal Children’s Hospital Foundation (Victoria), The Myer Foundation and The Centre for Independent Studies. In the June 2011 Queen’s Birthday Honours, Mr Yates was designated a Member of the Order of Australia for service to education, to the financial services industry and to a range of arts, science and charitable organisations.

Mr Anthony Burgess (Chair – The Melbourne Foundation for Business and Economics)

Tony Burgess is Chief Executive Officer of Flagstaff Partners Pty Ltd, an independent corporate finance advisory firm. Mr Burgess has over 30 years of experience in corporate finance in Melbourne, London and New York and was previously Global Co-Head of Mergers and Acquisitions for Deutsche Bank AG, based in London.

Mr Burgess holds an MBA (with Distinction) from Harvard Business School (1985) and a Bachelor of Commerce (with First Class Honours) from the University of Melbourne (1981). He is a member of CPA Australia and a Fellow of the Financial Services Institute of Australasia. He is a Director of the listed investment company, Diversified United Investment Limited, and is Vice Chair of St Vincent’s Institute Foundation.

Professor Margaret Abernethy

Margaret Abernethy is Dean of the Faculty of Business and Economics and holds the Sidney Myer Chair of Commerce at the University of Melbourne. As Dean she was an integral part of the implementation of the Melbourne Model at the University, which included the creation of what is now the Graduate School of Business and Economics (GSBE). In 2008, she was named Telstra Business Woman of the Year for the Community and Government sector in recognition of her contribution to higher education. Professor Abernethy is recognised as one of the leading researchers in her field in the world and as an outstanding teacher; she continues to publish in the top tier international journals and contributes to the development of the academy through her membership on the editorial board of prestigious international journals. She is a Fellow to the Australian Academy of Social Sciences.

Mr Paul Bassat

Paul is the principal of Avalon Place, a private equity investor in early stage and growth companies.

Paul co-founded SEEK in 1997. He was CEO from 1997–2006 and Joint CEO from 2006–2011. SEEK is the world’s largest online employment business and in 13 years, went from a start up to one of Australia’s top 100 companies with a market capitalisation of $2.5b. SEEK operates the leading employment sites in Australia and New Zealand and is a substantial shareholder in market leading employment sites in the major growth markets of China, South-East Asia, Brazil and Mexico. Paul started his career as a lawyer and practiced for six years working on a range of corporate transactions. Paul is as a Commissioner of the Australian Football League (AFL) and a member of the Mount Scopus College Foundation. He was appointed as a Young Global Leader of the World Economic Forum in 2009.

Paul is also a member of the Melbourne Leadership Council of Social Ventures Australia and a director of the P&S Bassat Family Charitable Foundation.

Paul holds a Bachelor of Laws and a Bachelor of Commerce from the University of Melbourne.

Annual Report 2011 Outlook 2012 7

Mr Terrence Campbell, AO

Recognised as one of Australia’s pre-eminent brokers, Terry Campbell is the Senior Chairman of Goldman Sachs Australia and New Zealand. With more than 50 years experience in Australian securities markets, he has been a leader in the promotion and development of Australian equities on a global basis. Mr Campbell is Chairman of Mirrabooka Investments Ltd, deputy chairman of Australian Foundation Investment Company and a director of Djerriwarrh Investments Ltd and AMCIL Ltd. He has a Bachelor of Commerce from the University of Melbourne and attended the Stanford Executive Program at Stanford University in California, USA. Mr Campbell is also involved in a number of communitybased projects and notfor-profit boards. In 2003, Mr Campbell was awarded the Centenary Medal and in the 2006 Queen’s Birthday Honours, Mr Campbell was designated an Officer of the Order of Australia for service to the business and financial services sector, to the arts and as a supporter of corporate social responsibility.

Ms Patricia Cross

Ms Paula Dwyer

Mr Peter Gunn

Patricia Cross is a nonexecutive director of National Australia Bank, JBWere Pty Ltd and Qantas Airways Ltd and also a director of the Grattan Institute and Methodist Ladies College. Until recently Patricia was a director of Wesfarmers Ltd, and previously Chairman of Qantas Superannuation Ltd, Deputy Chairman of Victoria’s Transport Accident Commission, director of AMP Ltd and Suncorp– Metway Ltd. Ms Cross was a member of the Financial Sector Advisory Council, the Companies and Securities Advisory Committee, and the Australian Financial Centre Forum. She has served on a variety of other advisory boards and not-for-profit boards over the last 16 years. Prior to becoming a professional NED in 1996, Ms Cross worked for 15 years in various senior positions with Chase Manhattan Bank, Banque Nationale de Paris and National Australia Bank in New York, Europe and Australia. Ms Cross holds a Bachelor of Science (Honours) from Georgetown University. She is a Fellow of the Australian Institute of Company Directors, and in 2003 received a Centenary Medal for service to Australian society through the finance industry.

Paula Dwyer graduated in commerce at the University of Melbourne in 1982 and qualified as a chartered accountant in 1984. She is experienced in securities, investment management and investment banking, holding senior positions with Ord Minnett (now J. P. Morgan) and PricewaterhouseCoopers.

Ms Dwyer is the Chairman of Tabcorp Holdings Ltd, a director of Foster’s Group Ltd, Suncorp Group Ltd and Astro Japan Property Group Ltd. Previous directorships include David Jones Ltd, Healthscope Ltd and Promina Group Ltd. In the not-for-profit sector, Ms Dwyer is the Vice President of the Baker IDI Heart and Diabetes Research Institute and a member of the Council of Geelong Grammar School Council.

Peter Gunn commenced his career as an interstate linehaul truck driver, moving on to transport management and logistics.

Over some 30 years, he started and developed a number of companies to ultimately form PGA Logistics Pty Ltd. He is now the Managing Director of the PGA Group Pty Ltd, a family-owned investment business. Mr Gunn completed a Bachelor of Commerce at the University of Melbourne and holds various positions, including Fellow of the Australian Institute of Management, Fellow of the Chartered Institute of Transport, Fellow of the Australian Logistics Council, Trustee of the Australian Road Transport Forum, Trustee of the Committee for the Economic Development of Australia and Member of the Prime Minister’s Supermarket to Asia Council.

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Professor Paul Kofman

Paul Kofman was born in the Netherlands and completed a masters degree in Economics at Erasmus University, Rotterdam in 1987, and a PhD in Economics in 1991 at the same institution. He commenced his career as a lecturer in Finance at Erasmus University in 1991, before migrating to Australia in 1994 where he has held a number of senior roles before his current position at the Faculty of Business and Economics at the University of Melbourne as Deputy Dean (Faculty) in 2010. Professor Kofman’s main research interest is in quantitative finance, but he has also published papers in leading journals in international trade, econometrics, and actuarial statistics. He has undertaken consultancy work for the European Options Exchange, the New York Board of Trade, the Central European University, a number of Dutch investment banks, the Dutch Centre for Actuarial Statistics, the RACV, and the AOFM.

Mr Chris Leptos, AM

Mr Hugh Morgan, AC

Mr Rupert Myer, AM

Chris Leptos is a Partner in the Melbourne office of KPMG. His earlier management roles include Head of Corporate Development for Western Mining Corporation and Chief of Staff to Senator John Button. He has undertaken numerous government reviews for both State and Federal governments; he is a Governor of The Smith Family; a Director of the Asia Society/Asialink; and a volunteer CFA firefighter.

Mr Leptos graduated from the University of Melbourne with a BCom (1980) and a MBA (1990), and is a Fellow of both the Institute of Chartered Accountants and of CPA Australia. In 1997, he was designated a ‘Global Leader for Tomorrow’ at the World Economic Forum in Davos, and in the June 2000 Queen’s Birthday Honours Mr Leptos was designated a Member of the Order of Australia for his work on the sustainability of the global mining sector.

Hugh Morgan is CEO of First Charnock Pty Ltd. Previous positions held include Director of North Broken Hill Ltd and Managing Director, then CEO, of Western Mining Corporation Ltd. He has served as a Director of Alcoa of Australia Ltd; a Director of Alcoa Inc; Member of the Board of the Reserve Bank of Australia; Non-Executive Board Member of the CSIRO; President and Senior Vice-President of the Minerals Council of Australia (formerly Australian Mining Industry Council); ViceChairman and Chairman of The International Council on Metals and the Environment; Executive Committee Member on the International Council on Mining and Metals; Member of the Executive Committee of the Australasian Mineral Industries Research Association; Chairman of the World Gold Council; and Member of the Earth Resources Development Council. Hugh is a Member of the Anglo American plc Australian Advisory Board; Member of the Lafarge International Advisory Board; Honorary Member of the Business Council of Australia; Chairman of the Order of Australia Association Foundation Ltd; Trustee Emeritus of The Asia Society New York; Chairman Emeritus of the Asia Society AustralAsia Centre; and President of the National Gallery of Victoria Foundation.

Mr Myer is a Director of Myer Holdings Ltd, The Myer Family Company Holdings Pty Ltd, The Myer Family Company Ltd, AMCIL and DUI Ltd. He is also a Director of Jawun–Indigenous Corporate Partnerships and the Myer Foundation.

He serves as Chairman of the National Gallery of Australia and Kaldor Public Art Projects. In addition, he is a Board Member of the Felton Bequests Committee, the Opera Australia Capital Fund Ltd, the Australian International Cultural Foundation and the National Gallery of Australia Foundation.

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professor Nilss Olekalns (from November)

Nilss Olekalns (BEc Hons, MEc, MA, PhD) is Professor of Economics and Head of the Department of Economics at the University of Melbourne.

He has degrees from the University of Adelaide, the Australian National University, the University of Western Ontario and LaTrobe University.

Professor Olekalns has been a visiting scholar at the International Monetary Fund, a guest lecturer at the Monetary Authority of Singapore and an invited lecturer for the Australian and New Zealand School of Government. Professor Olekalns has published on a variety of macroeconomic topics including fiscal and monetary policies, exchange rates, output and inflation volatility, and interest rates. His papers have appeared in leading scholarly outlets such as The Journal of Political Economy, The Review of Economics and Statistics, The Journal of Macroeconomics, The Journal of International Money and Finance, the Southern Economic Journal and the Economic Record. He has also received numerous awards for his teaching including the inaugural Edward Wood Prize for Teaching Excellence. He is the co-author with Ben Bernanke of the best-selling introductory textbook in Australia, Principles of Macroeconomics, now in its third edition.

Dr James Riady

James Riady is CEO of the Lippo Group of Companies, which is involved in banking, securities, hotels, property and property development, health care, multimedia, business publications and communications. Dr Riady is the founder and Chairman of the Pelita Harapan Educational Foundation, which operates two universities and 20 K–12 schools. Dr Riady is the Deputy Chairman of the Indonesian General Chamber of Commerce and Industry (Kadin Indonesia), Foundation Member of the World Economic Forum, Switzerland and also a Member of the International Business Council. He was Ambassador at Large and Special Envoy of the President from 1988–2000 and a member of the Peoples’ Consultative Assembly (MPR) from 1988–2000, both in the Republic of Indonesia. Dr Riady was awarded the Australian Alumni Award for Entrepreneurship in 2008 by the Australian Embassy in Jakarta. He completed his Bachelor of Commerce at the University of Melbourne, and has received a Doctor Honoris Causa from both Ouachita Baptist University and La Trobe University.

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professor Graham Sewell (until November)

Graham (BSc Hons, PhD) is professor of organisation studies and human resource management and Head of the Department of Management and Marketing. Before commencing at the Faculty of Business and Economics he was Professor and Chair in Organizational Behavior at Imperial College Business School, London. Graham has published extensively on the topics of workplace surveillance and teamwork and his work has appeared in leading management journals, including the Administrative Science Quarterly, the Academy of Management Review, the Journal of Management Studies, and Organization Studies. He also has extensive consulting experience with major Australian and multinational corporations. Graham is a senior editor of Organization Studies and has held visiting positions at the University of California’s Berkeley and Santa Cruz campuses.

From 2004 to 2005, he was the Ministerio de Educación y Ciensias de España visiting professor in the Departament di Economia y Empresa at the Universitat Pompeu Fabra, Barcelona.

His latest book, Technology and Organization: Essays in Honour of Joan Woodward (with Nelson Phillips and Dorothy Griffiths), was published by Emerald in 2010.

The Honourable Jim Short

Jim Short has had a long and distinguished career in the Federal Treasury, Federal Parliament and the private sector. Before entering Parliament, his roles included Chief of Staff to the Treasurer; Treasury representative to the UK and Europe; and development of Australia’s policy on foreign investment and economic relations. Jim was elected to the House of Representatives as Member for Ballarat (1975–80); and Senator for Victoria (1984–97). He was Deputy Leader of the Opposition in the Senate (1992–93), and Assistant Treasurer in 1996.

On leaving Parliament in 1997, Jim was appointed Australia’s Director on the Board of the European Bank for Reconstruction and Development in London. On returning to Australia, he was appointed Australia’s Special Envoy for Cyprus (2000–2007).

He is a former Chairman of leading economic consultancy ACIL Tasman; former Executive Director and President, and now life member, of the Victorian Branch of the Australia China Business Council; and currently a member of the Council of the Australian Institute of International Affairs Victoria. Jim was awarded the Queen Elizabeth Silver Jubilee Medal in 1977.

professor Nasser A Spear (from September 2011)

Professor Nasser Spear is GL Wood Professor of Accounting and the Deputy Dean and the Director of the Graduate School of Business and Economics.

His previous positions in the Faculty include Associate Dean (Global Engagement) and the Head of the Department of Accounting.

Nasser’s research interests cover capital markets, security valuation, oil and gas accounting, and international financial reporting. He consults on broad accounting issues as well as quality assurance and accreditation in higher education and has led the establishment of several business schools. Nasser received his PhD from the University of North Texas and has published in leading international accounting journals such as the Journal of Accounting and Economics, Contemporary Accounting Research, Journal of Accounting Literature, International Journal of Accounting, Journal of Business Finance and Accounting, and Management and Information Technology.

He co-edits the International Journal of Accounting and is on the advisory board of a number of international journals.

Professor Greg Whitwell (until July)

Greg Whitwell is currently Deputy Dean, Programs and Students, in the Australian School of Business at UNSW. He was Deputy Dean of the Faculty’s Graduate School of Business and Economics and served on the board until his departure in mid 2011. Professor Whitwell was the inaugural Associate Dean (International) in the Faculty, and was Associate Dean (Graduate Studies), and the inaugural Associate Dean (Academic Programs).

In 2009, he was acting ProVice Chancellor (Teaching, Learning and Equity). He was originally trained in economics and economic history but for more than a decade has concentrated on the areas of international marketing and strategic marketing. Professor Whitwell is a recipient of the Academy of the Social Sciences in Australia Medal, an award for excellence in scholarship. He is also the recipient of two best paper awards from the American Marketing Association and has regularly won Dean’s awards for the excellence of his teaching.

Dr Lynne Williams

Mr Kevin Wong

Lynne Williams is an economic consultant and board member of several government, university and not-for-profit bodies. She worked as an economist in the public sector for over 30 years, most recently as Under Secretary for the Department of Treasury and Finance (DTF) and previously as Deputy Secretary, Economic and Financial Policy in DTF, Deputy Secretary in the Department of Innovation, Industry and Regional Development, and Director (Economic Policy Branch) in the Department of Premier and Cabinet.

She started her career as a labour economist, working in several State and Commonwealth research agencies. These included the (Federal) Bureau of Labour Market Research, (Federal) Bureau of Immigration, Multicultural and Population Research, the (Federal) Productivity Commission and the (State) Department of Labour. Lynne has masters degrees in economics from the University of Melbourne and the London School of Economics. She has a PhD from Monash University, where the title of her dissertation was ‘Occupational Mobility in Australia: a quantitative approach’. She is a Fellow of the Institute of Public Administration Australia (IPAA) and of St Hilda’s College (University of Melbourne), secretary of Athletics International (Australia), member of the Australia and New Zealand School of Government (ANZSOG) Research Committee, and a member of the Economic Society of Australia (Victorian Branch).

Kevin Wong was formerly a Managing Director of JP Morgan, as well as being the Senior Country Officer of JP Morgan Chase for Malaysia, with oversight for all of the company’s Malaysian activities in investment banking, commercial banking and equities. In his 18-year investment banking career with J.P. Morgan, Mr Wong was primarily involved in corporate advisory and mergers and acquisitions. Prior to his last assignment in Malaysia, he had previously been based in Melbourne, Hong Kong, Singapore and New York. Following Mr Wong’s retirement in 2005, he was appointed the non-executive Chairman of J.P. Morgan Chase Bank Berhad in Malaysia.

Prior to his career in investment banking, he worked in Australia as a chartered accountant and a companies and securities regulator. Mr Wong is a member of the Institute of Chartered Accountants in Australia and holds a Bachelor of Commerce from the University of Melbourne.

He is currently a council member of International House at the University of Melbourne.

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Undergraduate programs Overview At undergraduate level the Faculty of Business and Economics offers: – Bachelor of Commerce – Bachelor of Commerce (Honours).

The Bachelor of Commerce degree is a three-year full-time program. It comprises a core of five compulsory subjects. Students then choose a major from one or more of accounting, actuarial studies, business, economics, finance, management or marketing.

The Honours degree is a challenging and rewarding year of additional study, equipping students with research skills and deeper knowledge of their chosen field.

Our Honours graduates are highly sought after within the corporate sector, and many go on to complete further study at masters or PhD levels within Australia or overseas.

The BCom in 2011 The total number of students enrolled in the BCom in 2011, either studying a single degree or a combined degree, was 5,424.

Results of the 2010 Graduate Destination Survey were released in 2011, showing Faculty Bachelor graduates continue to perform well. In fact, Melbourne Commerce alumni enjoyed better employment outcomes compared to the national

Vincent Williams and Jane Zhang

average for comparable degrees.

A snapshot of outcomes were: – Of the Business and Economics graduates who were available for full-time work, 77% were working full-time within four months of graduation.

– Median annual salary $51,000 (national average for business/ economics graduates: $45,000).¹ 2011 was a great year for Bachelor of Commerce students, many of whom received recognition for their outstanding achievements.

Economics student Hans Zhu was awarded the top prize in the prestigious Reserve Bank of Australia first year essay competition for his article on the effects of natural disasters on the Australian economy. Accounting students Vincent Williams and Jane Zhang won the First Year category in the 2011 Chartered Accountants Student Challenge, while final year students Wan Ning Cheng and Yan Jun Tan were announced overall challenge winners. As part of their prize, Wan Ning and Yan Jun flew to San Francisco in December to take up a mentorship opportunity with a CFO in the information technology industry.

The inaugural Bachelor of Commerce Case Competition, was held in October at the University.

Nearly 50 students from the Bachelor of Commerce participated in the event which was won by the K.A.R.M Consultants team.

Case competitions allow students to compete in a team of four against teams from other premier business schools, and require them to analyse complex business scenarios and communicate their recommendations to a broad business audience.

Commerce students have also been active on the international scene.

Final year student Hubert Wu was selected to represent the University of Melbourne as a member of the

Yan Jun Tan and Wan Ning Cheng

Australian Delegation to the 2011 APEC Summit in Hawaii. Hubert was one of only 10 student delegates from Australia, and enjoyed the opportunity to meet prime ministers, presidents and captains of industry from across the Asia–Pacific Rim. The University of Melbourne Students in Free Enterprise (SIFE) team also shone in 2011, besting 21 teams from around the country to be named this year’s Australian National Champions. They travelled to Kuala Lumpur in September to compete against 37 other teams in the 2011 SIFE World Cup. Commerce alumna Tan Chia Chia was awarded the CPA Australia High Achiever Award after emerging from a pool of more than 24,000 students worldwide as the top student in the CPA professional level examinations.

The Bachelor of Commerce Medal, an award given to the student deemed to have performed most exceptionally across the three years of their degree, was presented for the first time in 2011. The inaugural winner was Finance Honours student Joshua Tan, whose final GPA in the Bachelor of Commerce was 93.3. See Joshua receiving his award on page 3.

Outlook for 2012 Demand for the BCom increased for commencement in 2012, with the Clearly-In Rank for a Commonwealth supported place sitting at 95.45, significantly up from the last couple of years. Fifteen offers were made to students with a rank of 99.9 and above as part of the Chancellor Scholar Scheme and seven with a rank of 99.85 as part of the Copland Scholar Scheme. The Faculty also made 272 offers under the Melbourne Access program.

The demand for places from very bright students is the strongest we have had for a number of years and represents a consistent positive response to the quality of the Melbourne Bachelor of Commerce.

1 Graduate Careers Australia, Gradstats, Number 15 December 2010, Graduate Careers Australia. www.graduatecareers.com.au/gradstats. The national figures are based on Australian resident bachelor degree graduates aged less than 25 years and working in their first full-time job.

Annual Report 2011 Outlook 2012 13

GSBE Student Centre

Graduate School of Business and Economics Overview The Graduate School of Business and Economics (GSBE) provides highly-ranked graduate business and economics education for recent graduates and professionals in the early and middle stages of their career; and a suite of Executive Education courses for the professional development of leaders and managers.

The expertise and leadership of our teaching and research staff is recognised internationally. Our coursework and research students play their part in a strong cohort experience, collaborative research and networking. Specialist areas span the disciplines of accounting, actuarial studies, economics, finance, human resource management, international business, management and marketing.

Through its intensive and carefully focused research training programs, informed by current international best practice and the specific needs and research priorities of our students, the GSBE produces expertly trained researchers who are highly sought after for academic, industry and government researchoriented roles.

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Under the leadership of the Deputy Dean and Director, Professor Nasser Spear, the team of professional staff in the GSBE provides a high standard of service and support for students – including a targeted program of orientation and transition for new students, a comprehensive suite of academic enrichment, careers services and professional development activities.

The GSBE Student Centre thrives on a culture of service excellence.

This was endorsed by students surveyed in the 2011 Melbourne Experience Survey, who rated the GSBE Student Centre the highest in the University, in terms of satisfaction with services related to course planning, graduate and career pathways and enrichment opportunities.

Graduate coursework Achievements in 2011 – Enrolments in graduate programs at the GSBE increased by 36% from 2010 to 2011. Enrolments are expected to continue to increase in 2012.

– The introduction of new initiatives

designed to increase the reach of, and participation in, curricular and co-curricular activities that develop graduate attributes and enhance the employability of our students. For example, the Volunteer Business Practicum (VBP) offers work-integrated learning experiences to GSBE students in regional Victoria.

Building on the success of the Global and Melbourne Business Practicums, the VBP sends students into regional Victoria to live in local communities and work in a number of not-for-profit organisations over a two-week period.

– In 2011, the GSBE introduced the Global Communication and Leadership Award. The Award is a first of its kind at the University and recognises students who engage in programs and activities to develop outstanding graduate attributes. The Award is included on a student’s transcript.

– In the latest Melbourne Experience Survey, the GSBE performed very well on course and student experience. In the new online ‘Subject Evaluation Survey’, Faculty performance indicates

Graduation Dinner Sem 2, 2011 – Graduands with Clare Harper, GSBE Student Centre Manager; Prof Nasser Spear, Deputy Dean and Director GSBE and Prof. Margaret Abernethy, Dean Faculty of Business and Economics

a 10-year upward trend for the question: “Is the subject well taught?” up from about 3.8 to just over 4.0, on a 5-point scale. The Federal Government’s Graduate Destination Survey for 2010 showed that the proportion of our graduates in full-time employment is increasing; an important validation of the quality of our students and the education they receive at the GSBE. Outlook 2012 As part of the GSBE’s commitment to continuously improve and maintain high quality teaching and learning standards, recently we reviewed and made changes to a number of our graduate program offerings. These changes will take effect from 2012, and will ensure ongoing market and industry relevance as well as compliance with new national qualification guidelines (implemented in 2015). The changes include the introduction of a suite of 150-point Master of Management programs; the inclusion of a Human Resource Management stream in the Master of Management; and the creation of compulsory capstone subjects in all programs, designed to integrate knowledge and skills acquired in the degree and provide a bridge to activities beyond graduation.

2012 will see the development of a new elite graduate program, to be launched from 2014, for students

with significant work experience.

The development of the program will include investigation into alternative and flexible delivery options. Within our current suite of programs, the Master of Accounting and Master of Applied Finance programs will be reviewed as part of our regular review cycle.

Economics

2012 will see the GSBE engage in greater collaboration with other graduate schools at the University.

The GSBE is in discussion with the Graduate School of Humanities and Social Sciences regarding collaborations across current and new programs offered by both graduate schools.

– Postgraduate Diploma in Finance

Graduate programs The following graduate coursework programs offered by the Faculty of Business and Economics will be welcoming new students in 2012: Accounting

– Master of Management (Accounting) (150-point and 200-point)

– Master of Economics – Postgraduate Diploma in Economics Finance

– Master of Management (Finance) (150-point and 200-point) – Master of Finance – Master of Commerce (Finance) Management

– Master of Management (150-point and 200-point) – Master of Management (Human Resources) (150-point and 200-point) – Master of International Business – Master of Commerce (Management) – Graduate Certificate in Management – Graduate Diploma in Management Marketing

– Graduate Certificate in Business Forensics

– Master of Management (Marketing) (150-point and 200-point)

– Master of Accounting

– Master of Commerce (Marketing)

– Graduate Diploma in Professional Accounting

– Graduate Certificate in Marketing Management

Actuarial Science

– Master of Actuarial Science – Postgraduate Diploma in Actuarial Science

– Graduate Certificate in Communication and Customer Strategy.

Annual Report 2011 Outlook 2012 15

Graduate research training

Economics

We host a vibrant, international community of 91# research students studying for PhD or Masters by research degrees. These students bring diverse cultural backgrounds and professional experience.

Domestically, the majority of research graduates take on roles in business, government and other organisations; approximately one third pursue academic careers.

Christopher Beveridge ‘Efficient and generic methods for pricing exotic interest rate derivatives including callable exotics.’

Seung Chin ‘Stochastic volatility model and option pricing.’

Pawan Chongussayakul ‘Technical and fundamental analysis in foreign exchange market: an empirical investigation of the THB/USD.’ Rosemary Humberstone ‘Essays on the economics of innovation.’

Solmaz Moslehi ‘The composition of government expenditure with alternative choice mechanisms.’

Achievements in 2011 – Graduate research student numbers are growing, with an average of 21 probationary candidates admitted annually since 2009.

– 95% of students held Commonwealth and/or Faculty scholarships.

– There were 91 graduate researchers in the 2011 Cohort# (April 2011), with 11 of those candidates submitting their thesis between January and April.

– Enrolments stabilised across all programs with an increase in the four-year Doctoral Program in Economics.

PhD theses completed Our 2011 completion target, established by the University, is 23 graduate research completions.

With 12 candidates currently under examination and 13 theses passed since 1 September 2010, we will reach this year’s target.

Completed theses: Accounting

Saif Al Shidi ‘Meeting or beating cash flow forecasts: market response, future performance and real activities management.’

Oksana Kim ‘The impact of crosslisting on the cost of equity capital: the case of American Depository Receipts (ADRs) and Global Depository Receipts (GDRs).’ # Includes candidates completing 100 points of coursework in Year One of their PhD with zero weight in their research thesis subject.

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Finance

Yang Chen ‘Three essays in corporate finance: the evolution of capital structure and the role of institutional investors on cash holdings and on firm value.’

Management and Marketing

Michal Carrington ‘Lost in translation: understanding the ethical consumption intentionbehaviour gap.’

Shelley Domberger ‘The social construction of careers: a comparison of life coaching and counselling psychology.’

Romana Garma ‘Customer citizenship behaviour and its impact on service personnel’s psychological job outcomes.’

Lauren Gurrieri ‘The social construction of cool in consumer culture: a discursive approach.’

Michael Healy ‘Forget the pristine and embrace the mundane: antecedents, characteristics, retailer strategies and consumer behavioural consequences of retail third places.’

Zivit Inbar ‘The influence of national culture and institutional environment on strategic thinking: the case of Israeli companies operating in China.’

Ingo Karpen ‘Service-dominant orientation: conceptualisation, operationalisation, and validation.’

Victoria Lim ‘Communicating negative feedback: the feedback tactics managers use and how employees react.’

Henry Pook ‘...an industry like no other.’ The building and construction industry and industrial relations change, 1980–2007: an institutional perspective.’

Mark Roberts ‘Corporate control and globalisation of Singapore’s government-linked corporations.’

2011 highlights in graduate research training We launched an Australian first: a four-year Doctoral Program in Economics (Dept of Economics and Melbourne Institute). The four-year program comprises a Master of Economics (MEc) followed by a three-year PhD degree. The PhD component involves an initial year of advanced doctoral coursework and then two years of dissertation research.

Three students enrolled in the program in 2011 and move into the PhD phase of the program in 2012, following successful completion of the MEc in December 2011.

2011 initiatives – Introduction of a roundtable discussion into the annual Graduate Research Orientation program. The event saw career academics, and incoming and current graduate researchers in a freewheeling conversation about the graduate researcher experience.

– A new Faculty-funded social event specifically for graduate researchers in the GSBE. Additional events and functions are planned for 2012, and will improve the overall ‘Melbourne Experience’ of our graduate researchers and foster collegiality between students across disciplines.

– This year saw increased student attendance at the highly successful ‘Academia Behind the Scenes’ series, run by Professor Anne-Wil Harzing. Experienced researchers discussed aspects of a research career including publication and the academic job market.

– The 2011 Ross Williams PhD Prize for best thesis in the Faculty was awarded to Mr Kohyar Kiazad. His thesis was submitted in the Department of Management and Marketing and as the Faculty of Business and Economics’ nominee for the University’s Chancellor’s Prize.

Outlook 2012 – The Research Training Working Group has provided a report to the Research Commission, focusing on student support and outcomes. It provides useful benchmarks for reinvigorating our programs. These benchmarks will support delivery of a quality, market-leading curriculum.

– Work to fulfill our commencement and completion targets continues, with new activities proposed for 2012: a ‘Work-in-Progress’ day, where current students present their research work, working papers or poster ideas to other students (including Honours) and academic staff; greater participation in the universitywide ‘Three Minute Thesis

Competition’, increasing student involvement in the University scholarly community.

– New four-year programs for 2014 commencement are under consideration at the Graduate Coursework and Research Training Committee.

– A graduate research alumni event is proposed, to further connect our graduates locally and internationally.

Graduate research programs The Faculty of Business and Economics offers the following graduate research programs: – PhD (Actuarial Studies) – Master of Commerce by Thesis (Actuarial Studies) – PhD with Coursework (Accounting) – Economics Doctoral Program (Master of Economics and PhD) through the Department of Economics or the Melbourne Institute – PhD with Coursework (Finance) – PhD with Coursework (Management and Marketing).

Annual Report 2011 Outlook 2012 17

Market Leadership and Strategic Marketing program participants, February 2011

Executive education Overview As part of the Faculty and Graduate School’s commitment to lifelong learning, the two-way exchange of ideas and knowledge offered by executive education is second to none. For academics it is a unique opportunity to engage with experienced professionals and apply research to real-world business issues. For our clients, it is a rare chance to take time out from the daily pressures to learn new ways of thinking about their own and other businesses. It has emerged that one of the most precious aspects of the two-day intensives is the chance for senior executives to discuss issues and apply the principles learnt across multiple industries.

At the GSBE we value the chance to partner with organisations to support and nurture talent and develop, challenge and retain future leaders.

Achievements in 2011 This year we developed and delivered open and customised executive education programs in many areas of professional and technical education, with academic input from multiple departments. We expanded our offerings significantly to include a comprehensive calendar of Executive Education Open Programs in the areas of: strategic marketing and branding; executive decision making and negotiation; motivating and managing performance; governance and risk management in Asia; and internet marketing and social media.

– During 2011, clients for Executive Education included organisations from the banking sector, accounting industry, higher education and State Government.

– This year saw the first graduates of the new executive Master of Supply Chain Management. Both this and our Master of Enterprise (Executive) continue to attract experienced executives looking for a unique education experience.

– The GSBE’s partnership with the Australian Scholarship Foundation allowed us to offer two scholarships for each Open

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Program to individuals from the not-for-profit sector. Feedback from attendees confirmed that the mix of corporate, not-forprofit and government clients in the open programs is a valuable component of the learning experience.

– We also introduced two Specialist Certificates – in Marketing Management and Executive Leadership – that allow attendees of Open Programs to attain a graduate qualification after completing several GSBE Executive Education courses.

Outlook 2012 Our goal in 2012 is to continue to help experienced professionals develop their leadership abilities and to reach new levels in their careers. We are expanding our calendar of Open Programs and exploring new avenues for partnerships in executive education.

The GSBE offers unparalleled opportunities for business success by providing exclusive access to the talent, thought-leadership and worldclass reputation of the University.

Student services Our innovative and comprehensive services support our students to realise their potential and give them a competitive edge when it comes to employment.

Student centres

Student Experience

The Commerce Student Centre (for undergraduate students) and the Graduate School of Business and Economics Student Centre continue to provide high quality service. Both student centres performed strongly in a ‘mystery shopper’ exercise commissioned by the University and in the ‘Melbourne Experience Survey’. The Graduate School ranked number one for total service delivery in the ‘mystery shopper’ exercise, and the Commerce Student Centre performed the strongest for overall quality of service provision and advice.

The many programs, opportunities and events available to students under the banner of ‘Student Experience’ distinguish the Faculty as a market leader in the area of student enrichment. The services and support we provide extend beyond the classroom to deepen learning, maintain wellbeing and prepare students to realise their potential as leaders and effective global citizens.

The student centres provide administrative and transactional services, course planning advice and dedicated enrichment and professional development activities, which include student exchange, case competitions, career mentoring, volunteering and community engagement.

Student experience opportunities include: – case study competitions – student clubs and societies – study abroad and exchange – work experience and internships – career workshops – mentor programs – social and cultural events.

Business and Economics Careers Centre The Business and Economics Careers Centre (BECC) plays an important role in ensuring graduates are able to maximise their career opportunities while engaged in their study and upon completion of their degrees. The BECC provides tailored support services for students of the Graduate School of Business and Economics, as well as engagement opportunities for employer and industry organisations.

With the aim to ‘ACCESS, ENGAGE, and ACHIEVE’, the centre’s professional team offers innovative, user friendly and discipline specific career programs that add value to other career related services and resources available at the University During 2011, the Careers Centre registered 1800 engagements with over 1000 individual students who took steps towards their career

BECC Career Mentoring closing function

Annual Report 2011 Outlook 2012 19

success through individual and/ or group activities and services, including: – initial career interviews for new students during the first month of semester to map out individual career plans – participation in the ‘Graduate Careers Program’, a not-for-credit career development subject made up of weekly interactive seminars – weekly drop-in sessions – individual career strategy consultations – CV and application letter reviews – practice behavioural and group interviews – work integrated learning opportunities in the form of paid internships, volunteer activities and practicum subjects – attendance at ‘Companies from the Inside’ sessions featuring representatives of employer organisations including KPMG, PricewaterhouseCoopers, UBS, GE, Barclays Capital and Origin – participation in ‘Career Circles’ on a wide range of relevant topics, such as: ABC – Australian Business Culture, and Clear Speaking – attendance at a ‘Professional Associations Event’ – CPA, ICAA, AMI, IIA – invitation to the ‘Career Roundtable’ for fresh graduates.

The Careers Centre also coordinates the Faculty-level Career Mentoring

Volunteer Bussiness Practicum in Gippsland

20 Annual Report 2011 Outlook 2012

Program open to undergraduate and graduate students, which engages students in a year-long mentoring relationship with external industry mentors.

Read more about these programs in the Engagement with Students section on page 52.

Teaching and Learning Unit The Teaching and Learning Unit provides resources and services to staff and students in the Faculty of Business and Economics.

Our ongoing research into higher education teaching and learning practices in business and economics disciplines ensures that programs and services meet the evolving needs of the Faculty.

The TLU works closely with academics to develop programs such as: – Tutor Training Program – a thorough program for all new tutors – Teaching Enhancement Program – an orientation program to support new lecturers – Subject Design and Curriculum Renewal Program – a program that helps academic staff to rethink their subjects with a focus on improving their teaching and the quality of student learning.

– Transition to Commerce (T2C) – a lecture series for all first year commerce students – The Graduate Peer Mentoring Program and the First Year Peer Mentoring Program – programs that provide peer mentorship opportunities, drawn from the experience of current students to support the transition of commencing students – Peer-Assisted Study Scheme (PASS) for undergraduate students, and the Peer Assisted Study and Skills Integration (PASSI) program, for graduate students – each program provides small, subject-specific study groups facilitated by a peer leader (a trained senior student) – Online Tutor – an interactive tool that students can use in over 50 subjects a year. Students post questions to their tutors and receive a response posted online – Graduate Enrichment Program – a semester long program where graduate students build and practice academic skills such as effective reading strategies and presenting academic ideas with confidence.

The TLU provides a range of programs designed to support students’ learning and academic skills development:

Volunteer Bussiness Practicum Students at ABC Ballarat

Departments in the Faculty

Department of Accounting Overview The Department of Accounting is committed to intellectual leadership in accounting education and research in Australia and the Asia–Pacific region. As one of the largest and oldest accounting departments in Australia, it attracts high calibre staff and students.

The majority of the Department’s academic staff have experience in industry and the profession, and blend theoretical and practical knowledge in their teaching.

Global and cultural perspectives incorporating knowledge of international accounting standards and practices support student learning. Strong links to the community and industry allow the Department to tap into current issues and industry requirements, to work with leaders and to offer the best teaching and learning practices to students.

Achievements in 2011 As a result of a University-wide review of information technology, the Department was renamed the Department of Accounting in mid-2011 (formerly the Department of Accounting and Business Information Systems). Following the name change, the Department continues to focus on financial and management accounting with a clearer delineation between the information technology curriculum offered by the Faculty of Engineering, and accounting information systems, which remains a speciality of the Department.

Significant news this year was the award of AACSB accounting accreditation. This award made us only the second University in Australia to attain both business and accounting accreditation.

This achievement further enhances our position within the accounting establishment.

The Department has performed strongly in the past year across teaching, research, knowledge transfer and service activities. Four accounting honours graduates have been accepted into top tier United States universities. Carolyn Deller has been accepted to do a PhD at Harvard University and Yu Ting Wong has been accepted to do a PhD at Columbia University.

Additionally, both Brett Lombardi and Sorabh Tomar will be undertaking PhDs at the University of Chicago.

A further two accounting honours graduates, Michelle Hoggan and Jianxin Zhao, have enrolled in PhDs at the University of Melbourne.

The Department produced four doctoral completions in 2011: Oksana Kim, Munther Al-Busaidi, Phill Cobbin and Saif Al Shidi. This demonstrates the Department’s success as a research training ground for accounting students both on the international stage and in Australia.

Annual Report 2011 Outlook 2012 21

The Department held its 72nd Annual Research Lecture in conjunction with CPA Australia on 17 October. This year’s presentation, attended by over 160 staff, students and members of the profession, was given by Ms Annette Kimmitt, Managing Partner of Ernst & Young’s Melbourne office where she manages a team of more than 110 partners and 1500 staff. Annette’s lecture titled, ‘The Sustainability of the Audit Profession: A Practitioner’s Perspective’, explored the impact of factors such as regulatory change and economic conditions on the profitability and sustainability of major firms’ audit practices.

The Australian Accounting Hall of Fame, established by the Centre for Accounting and Industry Partnerships (CAIP), celebrated the significant contributions of distinguished accounting practitioners and academics at its annual dinner on 7 October.

This year, three outstanding individuals were presented with this prestigious award: Professor Emeritus Louis Goldberg, AO (1908–1997), dubbed ‘the father of academic accounting’, began his academic career tutoring at the University of Melbourne in 1931 and was promoted to the nation’s first ever full-time accounting

22 Annual Report 2011 Outlook 2012

lectureship in 1946; Mr Kenneth H Spencer, AM (1937–2004), widely acknowledged for his contribution to both Australian and International accounting standards; and Professor Ken Trotman, whose 30-year academic career is testament to his dedication and commitment to the field of accounting. The dinner was sponsored for the first time in 2011 by the three accounting professional bodies.

The Centre’s Executive-in-Residence (E-in-R) program continued to go from strength to strength. In 2011, the E-in-Rs were Annette Kimmitt (Melbourne Managing Partner, Ernst & Young); Dean Newlan (Partner, McGrathNicol); Scott North (Head of Risk Direct Banking, National Australia Bank); and Judith Downes (former CFO, Alumina Ltd). Three E-in-Rs are already booked for 2012 and several others have indicated a strong interest in participating during 2013. E-in-R reside in the Department for a period of two weeks to work with staff and students on research and teaching.

However, E-in-Rs continue to contribute their expertise beyond their period of ‘residency’ by connecting the University with valuable external resources and expertise.

Outlook for 2012 2012 promises to be an eventful year for the Department, with re-accreditation by two of the professional accounting bodies – the Institute of Chartered Accountants and CPA Australia – being sought.

The Department recently hired its first two rookies from the USA, Dr David Huelsbeck and Dr Yunyan Zhang. It is hoped that this success can be consolidated through a continued international recruitment drive and further appointments in 2012, supporting the Department’s longer term staffing strategy. We also look forward to welcoming Professor Margaret Abernethy back to the Department after concluding her deanship next year.

The comprehensive curriculum review of the accounting specialisation will soon enter the curriculum redevelopment phase.

This review commenced in 2011 to consider the clarity and consistency of learning goals and objectives, as well as the development of generic skills. The revised curriculum will be introduced incrementally from Semester 2, 2012.

Department of Economics Overview The Department of Economics is the leading economics department in Australia. In the QS’ latest World University rankings by subject, Economics and Econometrics was ranked equal first in the Asia–Pacific region and 16th in the world.

The Department is large, with 51 teaching and research staff and nine professional staff. The Department includes the Centre for Actuarial Studies.

The Department is committed to achieving the highest standards in research through publishing in leading international journals and world-standard research on the Australian economy and economic policy issues. There is a strong emphasis within the Department on encouraging research and promoting collaboration. Some of our major areas of research are: economic theory; econometric theory; microeconomic and macroeconomic analysis and policy design; health and wellbeing; Asian economies and the economics of international trade and development; and the economics of education.

Our objectives in the area of curriculum and pedagogy focus on the excellent and innovative

teaching of undergraduate and graduate programs across a set of subjects that meet the requirements of students, and are in sync with developments in the disciplines of economics, econometrics and actuarial studies. Teaching covers the core areas of microeconomics, macroeconomics and quantitative methods/econometrics; as well as most other specialist areas such as monetary economics, game theory, development economics, environmental economics, economic history and actuarial science.

There is a strong track record within the Department of providing policy advice and expert opinions to government and private organisations. Members of the Department serve on government inquiries and boards, and undertake work for a wide variety of international agencies.

Achievements in 2011 – Research continues to be one of our major achievements, with the Department realising its aim of regularly publishing in the world’s top journals – 60% of the publications were in ERA rated A* or A journals1.

Department staff are currently involved in 18 externally funded grants, with a new ARC Discovery Grant to commence next year.

– 2011 marked the introduction of the Master of Actuarial Science and the 4-year Doctoral Program.

This doctoral program is the first of its kind in Australia and is in line with best international practice.

– International workshops hosted by the Department were the Melbourne Trade Workshop, Cannabis Policy workshop and the Introduction to Computable General Equilibrium Modeling, alongside many local workshops and seminars.

Outlook 2012 The Centre of Excellence in Market Design, a collaboration between the Department, Monash University and the Commonwealth and State Treasury Departments, is expected to commence in 2012.

Appointments will be made to support the Centre, along with other lecturer appointments.

The Centre for Actuarial Studies will host the 4th International Gerber-Shiu Workshop in July 2012.

1 A* (top 5%): “Virtually all papers they publish will be of a very high quality” A (next 15%): “The majority of papers in a Tier A journal will be of very high quality”

Annual Report 2011 Outlook 2012 23

Department of Finance Overview The Department of Finance was formally established in July 2001, although finance subjects were taught at the University for many years prior to that date.

Achievements in 2011 The Department has grown substantially since its inception, from just over 700 full-time students in 2002 to over 1,300 in 2011. Staffing levels have also expanded from 15 academics in 2002 to 31 academics in 2011. The finance specialisation is very much in demand with more than 1,800 BCom students graduating with a major in finance since 2008.

The Department continues to offer a very strong honours program with an intake restricted to around 40 of the very best undergraduate students majoring in finance. The honours program is well established across Australia and New Zealand with more applications coming every year from the best interstate and trans-Tasman universities.

The Department offers a suite of graduate programs, ranging from the practitioner-oriented Master of Finance, to the more research focused Master of Commerce in Finance and PhD in Finance (with coursework). Beginning in 2009, the pre-experience Master of Management (Finance), for those whose undergraduate degree was in a non-business discipline, was added to the available course offerings. In 2011, admissions to the Master of Finance and Master of Management (Finance) programs increased by 140% and 89% respectively over their 2010 figures, underlining the ever increasing interest in our quality finance education.

Research and research training While maintaining its reputation for a high quality curriculum, the Department focuses on high impact research in the various subdisciplines of finance.

24 Annual Report 2011 Outlook 2012

Current research interests of department staff include: asset pricing, derivatives and risk management, corporate finance, market micro-structure, financial institutions, real estate finance, financial econometrics, neurofinance, governance, behavioral finance, mutual fund management and international finance.

An unequivocal focus on research excellence is generating an increasing number of publications in top tier journals. To support our research activities, the Department has access to a large number of financial databases, including the Wharton Research Databases (WRDS), Datastream, Bloomberg and IRESS and a unique to tool for combining and analysing Australian financial data.

The emphasis on a strong research culture is making its mark on the Department’s annual recruitment of junior academics with high quality applicants from the very best international graduate schools.

In 2011, academics within the Department of Finance had articles accepted for publication in such journals as: the Journal of Financial Economics, the Review of Financial Studies and the Journal of Financial and Quantitative Analysis, and presented papers at many national and international conferences including the American Finance Association, European Finance Association, and Financial Management Association meetings.

In research training, the Department of Finance proudly saw PhD students Yang Yang Chen and Wei Zhang secure lecturer appointments at Monash and Deakin Universities, respectively. As another testament to the quality of the Department’s PhD program, candidate Ms Yaqiong Yao had an article accepted for publication in the Journal of Banking and Finance. Yaqiong and Jiaguo Wang were invited to spend half of 2012 as visiting doctoral scholars at NYU’s Stern School of Business.

Engagement with industry The third strand of departmental activities involves the interaction between academic staff and the finance profession. Staff members are involved in a wide range of continuing education and executive programs and have strong links with finance practitioners and financial institutions. Among the staff most active in executive education are Dr Sean Pinder and Dr Les Coleman, both of whom teach short courses in ‘Treasury Management’ for KPMG throughout the year.

Academic links Enhancing our teaching, research, and engagement activities, the Department hosts a large number of prominent international visiting academics and now has strong links with most leading finance departments in the world. The research culture in the Department is enhanced by a prestigious Research Seminar Series, which, in 2011, included speakers from Harvard University, Northwestern, Vienna University of Economics and Business, Texas at Austin, London School of Economics and Dartmouth College.

In 2011, the Department of Finance hosted its annual ‘Finance Down Under’ conference. This year’s event featured invited speakers Peter Bossearts (CalTech), Jeremy Duffield (Vanguard Investments Australia), Jeff Pontiff (Boston College), and Stephen Ross (MIT). Along with the invited discussants, academics from 20 universities in Europe, the US, Asia and Australia presented at the conference.

Outlook 2012 The primary challenge for the Department going forward is to recruit additional teaching and research staff in order to maintain the high quality delivery of finance education to ever increasing numbers of students, while at the same time increasing research outcomes.

Photo: Patrick Moore

Department of Management and Marketing Overview The Department of Management and Marketing provides an integrated approach to education at the undergraduate and graduate levels with teaching informed by cutting edge research. This integrated approach equips students to meet the managerial and marketing challenges that must be faced in a dynamic and globalised business environment.

Achievements in 2011 The Department taught 1,010 undergraduate EFTSU (equivalent full time students) and 263 graduate EFTSU in 2011. We taught 10 management and eight marketing honours students and 30 PhD students, undertaking research on topics that draw on the diverse theoretical and methodological strengths of the Department. In 2011, the Department had 37.66 full-time equivalent academic staff.

Our main areas of teaching and research in management are: human resource management and industrial relations; international business; organisation studies; and operations management. Our main areas of teaching and research in marketing are: marketing management; and communication and customer strategy.

At the undergraduate level, the Department teaches into the Bachelor of Commerce and hosts a fourth-year honours program.

The Department also teaches into a number of professional and practitioner masters-level degrees including its Master of Commerce.

The overarching pedagogical aim of the Department is to help students develop strong leadership, decision making and analytical capabilities that draw on advanced conceptual and practical developments in management and in marketing.

Research and research training The Department is committed to maintaining its strong international research reputation and currently supports four research centres: the Melbourne International Business Research Unit, the Foundation for Sustainable Economic Development, the Centre for Human Resource Management and the International Centre for Research in Organisational Discourse, Strategy and Change.

The strength of the research is evidenced by the participation of our staff in seven ARC grants during 2011 and a further two ARC grants and a new CRC from 2012.

Another significant recognition of the quality of the research staff is the Vice-Chancellor’s decision to make Professor Cynthia Hardy a University of Melbourne Laureate Professor.

Meanwhile, Richard Gruner was the

2011 winner of the Department’s Best PhD Paper Award.

Engagement with industry In 2011, we hosted the 26th Annual Foenander Lecture, presented by Professor Margaret Gardner, AO, Vice-Chancellor of RMIT, and the Miegunyah Lecture, delivered by Professor Richard Freeman from Harvard, as well as the second annual Isaac Industrial Relations Symposium (in conjunction with Monash University). Each event attracted large audiences from a variety of levels in the human resource and industrial relations industries.

Academic staff are engaged in a variety of consulting and research projects including a growing emphasis on executive education. One current project conducted in conjunction with PriceWaterhouseCoopers involves the participation of CEOs of several major businesses and government agencies.

The Department offers a rewarding experience to students and employers alike through case study based subjects or real life consultancy project based subjects. These are considered to be capstone experiences for the students and are particularly focused on effective teamwork in a time critical environment.

Annual Report 2011 Outlook 2012 25

The Department utilises its prominent position in its fields of expertise to develop close ties with a broad range of leading academics from around the world.

This results in eminent visitors giving seminars and supporting or collaborating on research throughout the year. During 2011, this included an intensive program involving Professor Dow Scott of Loyola University in Chicago and a workshop series conducted with the prestigious CARMA (Centre for the Advancement of Research Methods and Analysis) organisation.

The strongly supported Seminar Series is vibrant with internal and external speakers presenting their latest research findings to audiences of PhD candidates and academic staff.

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Visitors to the Department in 2011 Associate Professor Catherine Cramton Dr Mary Dean Lee Professor Christian Homburg Professor Chris Phillipson Professor Deborah Rudman Professor Tei’ichi Sekiguchi Professor James Taylor Professor Joann Peck Professor David Wilson Professor Moura Quayle Professor Robert Vandenberg Professor Jose Cortina Professor Dow Scott Professor Charles Snow Professor Hiroshi Okano Professor Vinod Singhal Professor Taehoon Park Dr Elsa Underhill Professor Richard Freeman (Miegunyah Fellow) Professor Yoneo Ota

Dr Lorraine Whitmarsh Professor Jan Heide Professor Ann Cunliffe Dr Garance Marechal Professor Toru Yoshikawa Professor Ko de Ruyter Professor Paul du Gay Professor Cristina Gibson Associate Professor Mart Ots. Outlook 2012 During 2012, the Department of Management and Marketing will be focusing its energy on building capacity in both the research and teaching areas by appointing new staff, the first of whom are expected to take up positions before mid-year. The long-term aim is to increase the depth of expertise in areas of current strength and to improve the positioning of the Department in world-class rankings of business schools. This will have flow-on effects in relation to course marketability and student outcomes at all levels, including in the executive education field.

The Melbourne Institute Overview The Melbourne Institute is arguably Australia’s leading independent research organisation specialising in policy-relevant applied economic and social research.

At the end of 2011, the Melbourne Institute had 68 staff members, as well as a number of honorary appointments. The Melbourne Institute currently operates in five main research areas: – applied macroeconomics – labour economics and social policy – industrial economics – health economics – economics of education.

In addition, the Melbourne Institute is the home of the Household, Income and Labour Dynamics in Australia (HILDA) Survey, Australia’s largest household panel study.

Achievements in 2011 – The ‘Medicine in Australia: Balancing Employment and Life (MABEL)’ longitudinal survey of doctors was funded for another five years, further developing its capacity to provide evidence on factors that influence doctors’ decisions. The Centre for Research Excellence on Medical Workforce Dynamics has been awarded $2.5m over the next five years by the National Health and Medical Research Council (NHMRC).

– Fieldwork commenced on the first wave of ‘Journeys Home’, a new short-run panel study of the homeless and other persons at risk of or vulnerable to homelessness. The target sample is 1,500 participants, and seven weeks into the three-month fieldwork period almost 1,200 interviews had been successfully completed.

– Late in 2010, the Labour Economics and Social Policy team was awarded a new research

Premier Ted Baillieu addressing the Economic Outlook Conference contract for vocational education research, in partnership with NCVER. The program is entitled ‘Promoting social inclusion for disadvantaged groups through education and training’, and three projects are underway and a further two will be commenced in 2012.

– The Australian newspaper and the Melbourne Institute jointly hosted the seventh Economic Outlook Conference: ‘Growth Challenge: Riding the Resources Boom to Lasting Prosperity’, on 30 June and 1 July 2011. The conference was officially opened by the Premier of Victoria, Ted Baillieu MP, and began by setting the stage for the priorities in managing the growth potential of the mining boom.

– The 2011 HILDA Survey Research Conference was held on 14 and 15 July. Over 170 delegates attended, representing academia, government, institutions and a wide range of disciplines.

Thirty-six papers were presented.

The conference attracted two internationally renowned keynote speakers: Professor Richard Blundell CBE (Research Director, The Institute for Fiscal Studies, and University College London, United Kingdom; and Professor Heather Laurie MBE (Director, Institute for Social and Economic

Research, University of Essex, United Kingdom).

– 2011 saw the completion of the 10th wave of the HILDA Survey and the commencement of the 11th. The headline response rate achieved in wave ten was again in excess of 96%.

Outlook 2012 The Melbourne Institute will celebrate its 50th anniversary in 2012. A workshop and dinner will be held in December to mark the event. The International Panel Survey Methods Workshop will take place in July and in November the Melbourne Institute and The Australian will host their eighth joint Economic and Social Outlook Conference.

Vale Mark Rogers, who died in July 2011, joined the Institute in 1997 as Director of the Institute’s Industrial Economics research program; led the project on the performance of Australian Enterprises; and contributed to the development of the Intellectual Property Scoreboard until 2010. Mark left the Institute in 1999 to take a position at Oxford University, but continued to be associated with the Institute as an associate of IPRIA.

Annual Report 2011 Outlook 2012 27

Centres in the Faculty The Asian Economics Centre The Centre brings together academic staff and PhD students with research interests in the economic issues confronting the countries of the Asia–Pacific region.

Their research interests cover a wide variety of fields such as development economics, macroeconomics and international economics.

The objectives of the Centre include: research of the highest standard in the Asia–Pacific region; facilitation of national and international research linkages in development economics and international economics; and provision of high quality research training for PhD students and exchange doctoral students.

To achieve these objectives, staff affiliated with the Centre are involved in research, research supervision, organising conferences and seminars, and in knowledge transfer, for both Australian and international organisations.

The Director of the Centre is Associate Professor Donald MacLaren.

2011 news and events During 2011, membership of the Advisory Board was consolidated.

The members now are: Dr Isher Judge Ahluwalia (Director and Chief Executive Indian Centre for Research on International Economic Relations, New Delhi, India); Professor Emeritus Anne E Booth (School of Oriental and African Studies, University of London, UK); Professor Emeritus Max Corden (Professorial Fellow, Department of Economics, The University of Melbourne); Dr Will Martin (Manager, Agriculture and Rural Development, Development Research Group, World Bank, Washington DC, USA); Professor Arvind Panagariya (Professor of Economics and Bhagwati Professor of Indian Political Economy, Columbia University, USA); Dr Mari Pangestu (Minister for Trade, Government of Indonesia, Jakarta); and Dr Martin Ravallion (Director,

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Development Research Group, World Bank, Washington DC, USA). We are grateful to these very experienced individuals for agreeing to advise the Centre.

objectives, including the ACFS Academic Research Grant Scheme, Research Reference Groups, in-house contracted research and consulting services.

A one-day workshop was held in September, the objective of which was to enable academics and PhD students affiliated with the Centre to make short presentations of their research. In November, a one-day trade workshop was organised

by Professor Phil McCalman, our new Professor of International Economics, who joined the Department in March. There have been seminars presented by outside speakers, including this year’s Corden Lecturer, Professor Ronald Findlay.

Through these activities, ACFS has developed a strong presence in the financial services industry and is increasingly recognised by industry, academia and government as a pre-eminent Australian organisation facilitating thought leadership and knowledge transfer within the financial sector. Since its inception, ACFS has: – conducted over 140 events

The Australian Centre for Financial Studies

– dispensed over $1.4m in research funds through the ACFS Academic Research Grant Scheme to academics of our consortium universities and generated the publication of 44 refereed journal articles

The Australian Centre for Financial Studies (ACFS) (previously known as Melbourne Centre for Financial Studies) is a not-for-profit consortium of the University of Melbourne, Monash University, RMIT University and Finsia (Financial Services Institute of Australasia), and commenced in 2005 with seed funding from the Victorian Government.

– published over 153 research papers and independent commentary from ACFS and academic associates of our consortium universities in numerous forms including submissions to public inquiries, discussion papers, op-eds, journal articles, conference papers and event presentations

ACFS specialises in facilitating leading-edge finance and investment research, aiming to boost the global credentials of Australia’s finance industry, bridge the gap between research and industry, and support Australia as an international centre for finance practice, research and education.

– developed a network of highly influential individuals as part of its Industry Advisory Committee and Research Reference groups

The three primary objectives of ACFS are to develop strong links between industry, government and academia; to deliver a critical mass of rigorous and industry relevant research; and to provide public policy insights and thought leadership in the financial sector.

ACFS conducts a range of industry relevant research and event programs to deliver on these

– published three editions of the Melbourne Mercer Global Pension Index in conjunction with Mercer

– attracted a growing number of industry sponsors and supporters.

Currently there are 17 members in our key stakeholder group – established a strong presence in local and international media and the wider financial services community with over 850 mentions in the media; and through ACFS’ three websites, with over 79,167 page views and 29,695 visitors recorded

– built a small but high quality team of six professionals who are served by a board representing its university constituents and Finsia.

Specific highlights in 2011 included: – ACFS developed a comprehensive strategy and implementation plan in a bid for the Centre for International Finance and Regulation – endorsed and supported by the Victorian Government as well as 45 national and international key industry partners – ACFS developed a growing number of industry and academic partnerships – 11 new partnerships were established this year – For the first time, ACFS hosted Melbourne’s longstanding hallmark financial services industry event, Melbourne Financial Services Symposium 2011: Global Investing – growing the business in the new environment – The continuity of Melbourne Mercer Global Pension Index was secured with a three year funding from the Victorian Government.

This enabled MMGPI to be expanded to 16 countries, covering about half of the world population. MMGPI is building a critical mass of pensions and funds management experts with the attraction of four new

academic and international members to the Steering Committee, and increased recognition worldwide in the media as well as amongst policy, research and industry leaders – The ACFS–ANZ Trustees Australian Equities Database was successfully progressed into the final stage of development. This unique digital database extends the historic record of Australian equities back in time to the early 1900s to provide a broader and deeper set of equity fundamental and market aggregate information over a greater range of time. The AED is a unique financial analysis strategy tool of significant value to a wide range of interested parties, such as the financial services industry, academia, media, regulators and policymakers.

Other 2011 publications included: – ACFS–Melbourne APEC Financial Centre Report: ‘Regulatory Reform Post the Global Financial Crisis: An Overview’ – ACFS–KPMG Reports: ‘The Future of Australian Bank Funding and Superannuation trends and implications’ – ACFS–Abacus and Friendly Societies of Australia Monograph: ‘Private Saving: The Role of Life Event Products’ – ACFS Financial Regulation Discussion Paper Series: ‘The

Vickers Report – Implications for Australia’ – Submission to the Natural Disaster Insurance Review Issues Paper.

For a full list of publications: www.australiancentre.com.au

The Centre for Accounting and Industry Partnerships (CAIP) Located within the Department of Accounting, CAIP aims to enhance engagement between the Department, the wider University, and partners in accounting, industry and government.

Focusing on research, teaching and learning, and knowledge exchange, CAIP provides a mechanism to enable practitioners and researchers to work together to advance the accounting discipline.

CAIP’s key goals are to: – provide an important access point for the accounting profession, industry, government and the community to work with accounting researchers and experts in teaching and learning to advance the accounting profession – work with industry partners to identify and develop applied research activities that attract competitive research funding

Annual Report 2011 Outlook 2012 29

– engage professionals in accounting and business with a view to enhancing the relevance of the Department teaching programs and maximising the learning outcomes of students

exams of the Institute of Actuaries of Australia or the Institute and Faculty of Actuaries (UK). The Centre teaches undergraduate, honours and masters programs and also offers PhD supervision.

– facilitate high level discourse with accounting and business professionals more generally in ways that enhance awareness of the quality of the research being undertaken within the Department.

The Centre is internationally renowned for its research in actuarial science and financial mathematics.

All members of staff are active in research. The Centre has regular visits of leading international academics and overseas students and maintains strong links with the actuarial profession in Australia.

CAIP seeks to achieve these goals through various initiatives, such as convening research symposia, the ‘Executive-in-Residence’ program and collaborative research and teaching programs. Such activities have enabled the Department to develop and strengthen relationships with many organisations in accounting and business including Ernst & Young, The Australian Accounting Standards Board, McGrathNicol, National Australia Bank, and PricewaterhouseCoopers.

The Centre’s Director is Professor Daniel Dufresne. Professor Mark Joshi was Acting Director from July to December 2011.

The Economic Theory Centre The Department of Economics and the Melbourne Business School jointly operate the Economic Theory Centre.

CAIP has appointed the following members to its Advisory Board: Brian Horwood (Director and Chairman, Oil Search Ltd), Dianne Azoor Hughes (Partner, Pitcher Partners), Jan McCahey (Partner, PricewaterhouseCoopers), David Cookson (Vice-Principal, Research, University of Melbourne), Associate Professor Robyn Sloggett (Director, Centre for Cultural Materials Conservation, University of Melbourne), Brooke Young (Director, Marketing and Commercial Engagement, Faculty of Business and Economics).

The objectives of the Centre are to: – promote research of the highest standard in all areas of economic theory

The Centre for Actuarial Studies

– run conferences, workshops and advanced short courses for research students

The Centre for Actuarial Studies is located in the Department of Economics. The Centre offers a complete actuarial program that is fully accredited by the Institute of Actuaries of Australia. Graduates who obtain marks above prescribed levels in specified subjects receive exemptions from the corresponding

– publish occasional monographs and proceedings.

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– be a focus within Australia for research in economic theory – facilitate both national and international affiliations and research linkages – facilitate the training of research students, and the exchange of doctoral and postdoctoral students – be a focus for external research funding

The Director of the Centre is Professor Claudio Mezzetti.

Foundation for Sustainable Economic Development The operations management area of the Department of Management and Marketing hosts the Foundation for Sustainable Economic Development (FSED). The Foundation was established in 2000 with a mission to create and disseminate research to increase the awareness and effectiveness of management practices that deliver better organisational performance and less wasteful products and processes.

The Foundation has produced a number of research papers and commissioned reports, including The Collaborative Games in 2001.

A significant project was on corporate sustainable development, funded by the Australian Business Foundation.

During 2011, staff in the centre have published in leading journals including the Journal of Operations Management, and have continued building the new masters degree, called Master of Supply Chain Management.

The Director of the Centre is Professor Danny Samson.

Achievements in 2011 – A major research project in 2011 has been on the identification of organisational waste (of all kinds), finding that on average one third of working efforts are wasted.

A new book will be published on this topic reporting this research in early 2012, titled Implementing Strategic Change, Kogan Page, UK. – A project on the ingredients of organisational ‘systematic innovation capability’.

– The University’s Farms/Rivers/ Markets project of water research, in which the FSED is responsible for the market aspect, was completed.

– A project has been initiated on the revitalisation of manufacturingbased communities.

The Centre for Human Resource Management The Centre comprises researchers with interests in human resource management and industrial relations.

They bring a range of disciplinary perspectives (including psychology, economics and sociology) and varying methodological expertise to bear upon important contemporary IR and HR challenges.

Established in 1999 within the Department of Management and Marketing, the Centre operates as a bridge between academic and business communities to facilitate research on employment issues and to disseminate findings to impact practice and policy. The key focus is on HRM and employment relations in the Asia–Pacific region, North America and Europe.

In keeping with its international outlook, the Centre encourages collaborative projects with leading overseas universities and arranges links with international scholars in the fields of HRM and employment relations. The Centre also works with Australian businesses and government institutions on collaborative and consultative projects and facilitates research opportunities with the professions, employers, trade unions and government departments.

Research findings are disseminated through academic publications, working papers, seminars and conferences.

The Director of the Centre is Associate Professor Michelle Brown.

Achievements in 2011 The Isaac Symposium (a joint venture of the CHRM and the Faculty of Business and Economics at Monash University) was held on 4 April 2011: ‘How shall we protect the wages of the weak?’

Professor William Brown (Cambridge University), Anna Lee Cribb (Fair Work Australia) and Bill Kelty (former Secretary of the ACTU) addressed the symposium.

On 18 October 2011, Professor Margaret Gardner, AO, Vice Chancellor of RMIT presented the 26th Annual Foenander Lecture, ‘Just a knowledge worker?

Academics, universities and industrial relations’.

Centre members participated in a range of academic debates in 2011: Dr Adam Barsky on organisational fairness (‘Just Feelings? The Role of Affect in the Formation of Organizational Fairness Judgments’, Journal of Management, 37 (1), 248–279 with Kaplan and Beal); Associate Professor Michelle Brown on generational issues (‘Generations at work: are there differences and

do they matter?’ International Journal of Human Resource Management, 22 (9), 1843–1865 with Benson); Professor Christina Cregan on employee participation (‘The influence of union membership status on workers’ willingness to participate in joint consultation’, Human Relations, 63(3), 331–348 with Brown); Professor Bill Harley on high performance work systems (‘Employee responses to ‘high performance work system’ practices: an empirical test of the disciplined worker thesis’, Work, Employment and Society, 24 (4), 740–760 with Sargent and Allen) and Dr Michael Zyphur on research methods (‘Identifying Organizational Faultlines With Latent Class Cluster Analysis’, Organizational Research Methods, 14(1), 32–57 with Lawrence).

The Intellectual Property Research Institute of Australia The Intellectual Property Research Institute of Australia (IPRIA) was established in March 2002 as an initiative of IP Australia. IPRIA is a collaborative research centre at the University of Melbourne with significant funding from IP Australia.

The core faculties are Business and Economics, Law and the Melbourne Business School.

Annual Report 2011 Outlook 2012 31

The focus of IPRIA has been to shift business understanding and engagement with the intellectual property system from a technical to a strategic perspective. Intellectual property in this context is broader than formal intellectual property rights and includes the management of knowledge, personnel and intangible assets.

IPRIA’s objectives are to: – support and generate development of high level public policy in relation to intellectual property issues – optimise the protection, management and exploitation of intellectual property by all Australian stakeholders, including research institutions, public and private sector interests – create an informed environment for, and contribute to, ongoing public debate in Australia about intellectual property issues and related matters, including innovation policy and economic growth.

Professor Elizabeth (Beth) Webster is Director. Faculty members associated with IPRIA include Associate Professor Paul Jensen, Dr Alfons Palangkaraya, Dr Nisvan Erkal, Dr Russell Thomson, Dr Gaetan de Rassenfosse and Professors Danny Samson and William Griffiths. IPRIA has an Advisory Board drawn from IP professions, industry, the wider University and government. IPRIA focuses on research and outreach activities, with our staff producing approximately 40 papers and reports each year.

Achievements in 2011 In 2011, IPRIA hosted over 30 public events across Australia in all capital cities, including for the first time, Darwin. These events incorporated major interdisciplinary panel discussion on topical intellectual property issues, such as book publishing in the digital age, and public seminars featuring speakers from across the globe

32 Annual Report 2011 Outlook 2012

on topics such as patenting in China, the nexus between human rights and intellectual property and litigation in Germany. In November, IPRIA in association with the Centre for Media and Communications Law (Melbourne Law School) hosted a conference on intellectual property and secrecy featuring The Hon Michael Kirby, AC, CMG; Professor Dan Hunter (New York Law School, USA); and Dr Philip Williams (Frontier Economics). IPRIA also helped organise the 2011 Asia–Pacific Innovation Conference in Singapore (May). IPRIA has active partnerships with interstate and international universities and national industry associations. Professor Beth Webster is also the founding president of the Asia–Pacific Innovation Network.

The International Centre for Research in Organisational Discourse, Strategy and Change ICRODSC was launched by four institutional partners in 2001 and has since grown to include: the Universities of Melbourne; Sydney; Cardiff; Lund; McGill; Texas A&M; California; Cambridge; Colorado and Leicester and Queen Mary at the University of London.

The Centre links international researchers interested in developing and applying discourse methods in the study of organisations with the aims of building a critical mass of expertise, facilitating crossinstitutional research, providing a banner for new initiatives, establishing contacts and support for doctoral students and securing resources for workshops and other activities.

Sharing for your Career’, aimed at capacity building for PhDs. Over 50 participants attended from Melbourne, Sydney and Japan.

A two-day international research workshop was held on discursive and critical approaches to ageing and retirement, attended by 21 academics and doctoral students from Australia and overseas.

Professor Chris Phillipson from Keele University, UK, and Professor Debbie Rudman from the University of Western Ontario, Canada, gave keynote addresses.

Other visitors included: David Wilson (Warwick Business School); James R Taylor (University of Montreal); Kat Riach (Essex University); Bill Martin (University of Queensland); Ann Cunliffe (University of New Mexico) and Garance Maréchal (University of Liverpool).

New partners welcomed to ICRODSC in 2011 included: Cass Business School at City University London; the Institute of Organizational Discourse, Strategy and Change at Meiji University, Tokyo, Japan; and the Department of Organization Sciences at VU University Amsterdam, the Netherlands.

Macroeconomics Research Unit Located within the Department of Economics, the Macroeconomics Research Unit is a focal point for research and learning in macroeconomics. Its members, staff and PhD students – drawn from the Department and the Melbourne Institute – are concerned with the development of macroeconomic theory, macroeconometrics and macroeconomic policy.

At the University of Melbourne, the co-directors of the Centre are Professor Cynthia Hardy and Dr Susan Ainsworth.

Dr Shuyun Li in Semester 1, and Dr Kei Kawakami in Semester 2, coordinated the regular Macroeconomics Workshop.

Achievements in 2011 ICRODSC held its 10-Year Anniversary Workshop on ‘What Comes Next? Knowledge

Some 17 speakers (including 14 external speakers) gave presentations throughout 2011.

The MRU also sponsored a reading

group on macroeconomics, chaired

by Associate Professor Chris Edmond. The group met every week, and attracted graduate students and faculty members from the Economics Department, the Melbourne Institute, and regionally across Melbourne.

The Director of the Macroeconomics Research Unit is Professor Ian King.

Melbourne International Business Research Unit The MIBRU began in 1998 as a collaborative venture between the Universities of Melbourne and New South Wales. From 2003, the Unit’s management reverted to the University of Melbourne. The current name was adopted in 2010 after the unit had earlier been known as the Australian Centre for International Business (1998–2007) and the Melbourne Centre for International Business (2007–2010).

The mission of MIBRU is to conduct leading edge research in international business; educate future international business leaders; and consult with business and government. The Unit’s members study the international aspects of a range of business phenomena, including strategy, human resource management, organisational behaviour, industrial relations and corporate history. Members come from within the Department of Management and Marketing and the Melbourne Business School.

Achievements 2011 During 2011, MIBRU members were active participants in major conferences, including those hosted by the Academy of Management in San Antonio, Texas, the Academy of International Business (AIB) in Nagoya, Japan, the Strategic Management Society in Miami, Florida, and the European International Business Academy in Bucharest, Romania. MIBRU is also in active discussions with the AIB regarding a bid to host this large, prestigious conference in Melbourne in 2015.

Two PhD students from MIBRU confirmed their candidatures in 2011. Another new PhD student enrolled late in 2011. Our regular research seminar series saw presentations from eminent scholars from Finland and the USA, as well as several MIBRU members. MIBRU also hosted visitors from a variety of international universities, and MIBRU members visited prominent research institutions in the US, China, Germany, Belgium and Austria.

The Directors of the Centre are Professor David Merrett, Dr André Sammartino and Dr Tom Osegowitsch.

Microeconometrics Research Unit The Microeconometrics Unit is located within the Department of Economics and is a joint endeavour between the Department of Economics and the Melbourne

Institute of Applied Economic and Social Research (MIAESR).

The Unit brings together academic staff and research students with an interest in applied and theoretical areas of microeconometrics. Areas of research currently pursued by the Microeconometrics Unit’s members include labour economics, health economics, immigration, issues relating to social policy and its evaluation, development economics, trade, industrial organisation, consumer expenditure analysis, measurement of inequality and poverty, and measurement of productivity and efficiency. Areas of methodological research in which the Unit’s members work include panel data methods and discrete choice.

In addition to holding weekly seminars, the Microeconometrics Unit hosts workshops and symposia.

Recent workshops have been held in the areas of health, labour, immigration and microeconometric techniques. The Unit has an active visitors program, hosting both international and local scholars.

The Unit also conducts short courses on recent methodological advances.

The Centre acknowledges the financial support of the Department of Economics, the Melbourne Institute of Applied Economic and Social Research, and the Faculty of Business and Economics.

The Director of the Centre is Professor Jenny Williams.

Annual Report 2011 Outlook 2012 33

2011 academic distinctions and awards Accounting Professor Margaret Abernethy was elected a Fellow of the Academy of the Social Sciences in Australia (ASSA).

Associate Professor Paul Coram was appointed to the editorial board of Auditing: A Journal of Theory and Practice.

Associate Professor Carlin Dowling was part of a research team who successfully attracted an ARC Discovery grant for a project entitled ‘Ensuring audit quality through regulation: modeling how regulation can change audit partner behaviour’, to commence in 2012.

Professor Colin Ferguson was part of a team awarded the School of Accounting Sciences, UNISA Best Accounting Education Paper Award at the 2011 International Southern African Accounting Association International Conference.

Professor Stewart Leech received the Notable Contribution to the Accounting Information Systems Literature Award from the American Accounting Association (Information Systems Section) for the paper: Arnold, V, N. Clark, P.A. Collier, S.A. Leech and S.G. Sutton, ‘The Differential Use and Effect of Knowledge-based System Explanations in Novice and Expert Judgment Decisions’, MIS Quarterly, 2006.

Professor Stewart Leech was also the recipient of the 2011 Outstanding Service Award from the Strategic and Emerging Technologies Section of the American Accounting Association.

Professor Stewart Leech was appointed to the editorial board of Accounting and Finance, the journal of the Accounting and Finance Association of Australia and New Zealand.

34 Annual Report 2011 Outlook 2012

Professor Anne Lillis and Associate Professor Jennifer Grafton received a Dean’s research certificate for their paper titled: ‘The role of performance measurement and evaluation in building organizational capabilities and performance’, published in Accounting, Organizations and Society.

Economics and Actuarial Studies

Professor Anne Lillis was appointed to the editorial boards of both European Accounting Review and Accounting and Finance.

The following staff were awarded the Dean’s Certificate for Excellence in Teaching for 2011:

Teaching Fellow Mr Trevor Tonkin was awarded a Teaching Innovation and Staff Development Grant for his project ‘Auditing Case Study Simulation for Conceptual Understanding’.

PhD candidate Cynthia Cai took out the Best Research Proposal Award in the accounting stream at the 2011 Finance and Corporate Governance Conference held in Melbourne.

PhD candidate Oksana Kim won the best manuscript award for her paper, ‘The impact of cross-listing on the cost of equity capital: the case of ADRs and GDRs’, at the Journal of Contemporary Accounting and Economics Symposium in Hong Kong.

Department academic staff member Phill Cobbin and PhD candidate Saif Al Shidi graduated from their PhDs. The Department’s teaching staff received a total of 16 of the Dean’s Certificates for Teaching Excellence: 11 undergraduate and five graduate teaching.

Associate Professor Neville Norman was awarded the Distinguished Research Professor Prize for 2010 from the Association of Business, Economics and Research (presented in June 2011 in Cambridge).

Professor Vance Martin, Professor Jeff Borland, Professor Ian King, Associate Professor Jenny Lye, Mr Maurice Ng, Mr Mike Pottenger, Professor Nilss Olekalns, Dr Tom Wilkening, Professor John Freebairn and Dr Nikos Nikiforakis.

Finance Associate Professor Howard Chan was successful in securing the 2011 Platypus Asset Management Research Grant to undertake a study titled, ‘Practical Implementation of Anomaly-Based Investment Strategies and the Investigation of New Anomalies in the Australian Stock Market’. Grants from Platypus Asset Management are supported for $50,000 per annum for three years, plus $5,000 per annum for conference attendance.

Dr Chander Shekhar was listed as a co-investigator on a successful $150,000 ARC Discovery Grant application. The relevant project is entitled ‘Financial tunnelling: shareholder protection and wealth changes during two decades of capital management activities in Australia’. Dr Shekhar’s coinvestigators are Christine Brown and Hue Hwa Au Yong of Monash University, and Vladimir Atanasov of Mason University.

Management and Marketing Professor Cynthia Hardy was awarded a Vice Chancellor’s Laureate Professorship for three years.

Melbourne Institute Professor Cynthia Hardy

CPA Australia awarded a research grant to Sean Pinder, Bruce Grundy and Dean Hanlon (Monash) to investigate links between Australia’s taxation system and investment in Australian listed companies by different classes of resident and non-resident investors.

Dr Ali Akyol, Dr Patrick Verwijmeren, and Finance honours alumnus Wei Fen Lim had their article entitled, ‘Shareholders in the Boardroom: wealth effects of the SEC’s proposal to facilitate director nominations’, accepted for publication in the Journal of Financial and Quantitative Analysis.

Professor Beth Webster was elected a board member of European Policy for Intellectual Property Association. EPIP is an international, independent, interdisciplinary, non-profit association of researchers that is partly financed by the European Commission and the European Patent Office.

Professor Beth Webster was one of three panel members for the DEEWR Higher Education Base Funding Review. Their report has just been completed and sent to the minister.

Dean’s Certificate for Research Excellence 2011 Department of Accounting Professor Anne Lillis for her papers in Contemporary Accounting Research and The Accounting Review.

Department of Finance Dr Les Coleman for his paper in the Journal of Banking & Finance.

Dr Joachim Inkmann for his paper in the Review of Financial Studies.

Dr Bryan Lim for his paper in the Journal of Banking & Finance.

Professor Spencer Martin for his paper in the Journal of Financial Economics.

Dr Patrick Verwijmeren for his paper in the Journal of Financial Economics.

Department of Economics Associate Professor Nisvan Erkal and Associate Professor Nikos Nikiforakis for their paper in the American Economic Review.

Professor Mark Joshi for his paper in Management Science.

Department of Management and Marketing Professor Damien Power and Associate Professor Prakash Singh for their paper in the Journal of Operations Management.

Melbourne Institute Associate Professor Paul Jensen, Dr Russell Thompson and Associate Professor Jongsay Yong for their paper in the Strategic Management Journal.

Annual Report 2011 Outlook 2012 35

Research Our success with the University’s Miegunyah Distinguished Visiting Fellow scheme enabled us to bring Professor Richard B. Freeman to the Faculty in August 2011, with the departments of Management and Marketing, Economics and the Institute jointly hosting the visit.

Professor Freeman is the preeminent labour relations and labour economics scholar of his generation, holding the Herbert Ascherman Chair in Economics at Harvard University and his public lecture was an outstanding success.

Outlook 2012 The Faculty received two new Australian Research Council Discovery grants commencing in 2012. Professor Cynthia Hardy and Dr Susan Ainsworth (Management and Marketing) will be undertaking a comparative study seeking to understand age, by focusing on managers. Their work will offer a framework of effective strategies for employers in managing age.

Professor Claudio Mezzetti in Economics will undertake a study of economic efficiency and the provision of incentives for information acquisition and disclosure.

Professor Hardy also attracted funding of C$114,330 from the Social Sciences and Humanities Research Council of Canada with Professor Steve Maguire (McGill University) to study risk, substitution and change in institutional fields, building on the Faculty’s success in partnering with international colleagues to secure research funding. These new ARC grants add to the already impressive number of existing grants, details of which can be found at www. fbe.unimelb.edu.au/research/ projects.html We were pleased to be awarded our first McKenzie Fellowship in 2011. Dr Jonathan Roffe will take up his award in 2012 in the Department of Management and Marketing. He will be undertaking a project on financial market failure that aims to address two questions whose importance has been cast in sharp relief by the global financial crisis, namely, what is the market, and what accounts for its failures?

These projects, together with awards made to other Faculty researchers, will provide valuable insights for public policy and build the Faculty’s reputation as an important voice in national debate on issues critical to the economic and social wellbeing of communities, enterprises and societies.

2011 was a year of consolidation and review for the Faculty’s research profile. The Excellence in Research in Australia rankings were announced, with the University of Melbourne being the only institution to receive a ranking of 5 (achieving the maximum world rating of Above World Standard) in ERA for both Economics and Commerce.

The Faculty was also pleased to discover that the latest QS World University rankings by subject named us one of the best in the world and highest in Australia by subject with a ranking of 1 for Accounting and Finance and equal first for Economics and Econometrics in the Asia–Pacific region.

Faculty researchers continued to attract significant research funding with Professor Tony Scott leading a successful National Health and Medical Research Council (NHMRC) bid to establish a Centre for Research Excellence on Medical Workforce Dynamics. This Centre has been awarded $2.5m over the next five years.

Evidence of the Faculty’s contribution to cross-disciplinary research at a national level continues with Associate Professor Angela Paladino being involved in a successful Co-operative Research Centre grant awarded to UNSW to research low carbon living.

Professor Damien Power Associate Dean Research (Acting)

36 Annual Report 2011 Outlook 2012

Research grants awarded in 2011 for projects commencing in 2012 Australian Research Council – Discovery Project Scheme ‘Managing age in organisational context: a comparative study of the meaning of age among managers.’

Professor C Hardy, Dr S Ainsworth, Dr L Cutcher, Professor R Thomas ‘Economic efficiency and the provision of incentives for information acquisition and disclosure: a mechanism design approach.’

Professor C Mezzetti The University of Melbourne Early Career Grants Economics

‘Efficiency enhancing reserves in multi-unit and combinatorial auctions.’

Dr Tom Wilkening Melbourne Institute

‘The dynamics of depression from adolescence to early adulthood.’

Ms Jinhu Li ‘Macroeconometric modelling of the Australian economy with a global perspective.’

Dr Viet Nguyen Faculty Early Career Grants Accounting

‘Shareholder litigation risk and cost of debt.’

Dr Qinbo Yuan Economics

Finance

‘Default portfolio allocation of defined contribution pension plans.’

Dr Zhen Shi Management and Marketing

‘Culture and coordination in global engineering teams.’

Dr Tine Koehler Melbourne Institute

‘Drivers of consumer sentiment formation in Australia.’

Dr Edda Claus ‘Trust: the role of culture, institutions and economic conditions.’

Dr Domenico Tabasso, Dr Julie Moschion ‘The dynamics of hospital care use and private health insurance.’

Dr Terence Cheng ‘Are patent fees effective at weeding out low quality patents?’

Dr Gaetan de Rassenfosse Faculty Research Grants Accounting

‘Shareholder litigation risk and cost of debt.’

Dr Qinbo Yuan ‘Say on (how to) pay: Investigate the relation between incentive compensation and shareholder voting dissent.’

Dr Sandra Wallace Economics

‘The microeconomic costs of piracy: evidence from Indonesia.’

Dr Reshad Ahsan, Dr Eik Swee

‘An empirical analysis of the dynamics of retail petrol prices.’

Dr David Byrne

‘An empirical analysis of the dynamics of retail petrol prices.’

Dr David Byrne

‘Is happiness really a warm gun? An examination of US weapons sales.’

Dr Eik Swee

‘Has NAPLAN reporting changed the way Australian schools operate.’

Dr Michael Coelli

‘Dynamic information aggregation through intermediated trading.’

Dr Kei Kawakami

‘Semiparametric estimation of structural asset pricing models.’

Dr Chris Edmond

‘Competing exchange and equilibrium selection.’

Dr Simon Loertscher, Dr Tom Wilkening ‘Is happiness really a warm gun? An examination of US weapons sales.’

Dr Eik Swee Finance

‘Who trades shares after new listings?’

Dr Andre Gygax, Dr Sturla Fjesme ‘Politicians and business: Connections over the long run.’

Dr Lyndon Moore ‘Does legal counsel expertise add value? Evidence from mergers.’

Dr Jordan Neyland ‘External governance, powerful unions and corporate restructuring: The impact of labour unions on corporate restructuring outcomes.’

Dr Stefan Petry ‘An empirical investigation into the determinants of share ownership patterns.’

Dr Sean Pinder, Professor Bruce Grundy ‘Social status and population density: Evidence from neighbour effects in car purchases.’

Dr Joshua Shemesh Management and Marketing

‘Theorising cultural change in consumption communities.’

Dr Robin Canniford, Dr Gergely Nyilasy ‘Culture and coordination in global engineering teams.’

Dr Tine Koehler ‘Managing global finance? High reliability in the face of uncertainty.’

Dr Joeri Mol ‘Food customization: How decision frame influences choice.’

Dr Anish Nagpal, Dr Jill Lei

Annual Report 2011 Outlook 2012 37

Melbourne Institute

Economics

Finance

‘The dynamics of hospital care use and private health insurance.’

Dr Terence Cheng

‘An experimental analysis of equilibrium selection in coordination games with externalities.’

James Bland

Professor Alexander Michaelidis (University of Cyprus)

Economics – Actuarial Studies

Professor Daniel Roesch (Leibniz University of Hannover)

‘State-space Markov-switching bivariate ECM: An application to interest rates.’

Dr Chew Lian Chua ‘Drivers of consumer sentiment formation in Australia.’

Dr Edda Claus ‘Insights into the determinants of knowledge obsolescence.’

Dr Gaetan de Rassenfosse

‘Accelerating pathwise Greeks in the LIBOR market model.’

Alexander Wiguna Finance

‘Venture-backed IPOs in the dot com bubble.’

Felix Gozali

‘How does maternity leave affect occupational downgrading and skill utilisation?’

Dr Barbara Hanel

Management and Marketing

‘Gender mix or twin births: Their validity as instruments of fertility.’

Dr Julie Moschion

‘Does sustainability matter?

Measuring sustainability practices with firm performance.’

Yingfen (Jocelin) Lam

Faculty Honours (Research) Kinsman Scholarships In 2011, twelve honours students were awarded studentships to work with academics to develop their research essays into publishable journal articles.

Accounting

‘The role of management control systems in preventing fraud.’

Michelle Hoggan ‘Mandatory partner rotation and its effect on audit quality and engagement pricing.’

George Portou ‘The value relevance of write-downs during the subprime financial crisis.’

Mark Szabo ‘The value relevance of write-downs during recessions.’

Alexandra Taylor ‘Discretionary disclosure in the presence of heuristic traders.’

Sorabh Tomar

‘Home regionalisation: Trends and performance implications.’

Peter Huynh

‘The effect of customization strategies on the choice of aligned versus non-aligned product attributes.’

Ahmed Moosa ‘The effect of greenwash on consumer behaviour.’

Wen Tee Visiting Research Scholar Grants The following international visitors were supported in 2011: Accounting

Professor Jan Bouwens (Tilberg University) Economics

Professor Bhaskar Dutta (University of Warwick) Professor and Freshwater Group Fellow John Wooders (University of Arizona) Economics and Melbourne Institute

Professor Stephen Pudney (University of Essex)

38 Annual Report 2011 Outlook 2012

Assistant Professor Federico Nardari (University of Houston)

Management and Marketing

Associate Professor Catherine Cramton (George Mason University) Professor Paul du Gay (Copenhagen Business School) Professor Vinod Singhal (Georgia Institute of Technology) Dr Lorraine Whitmarsh (University of Cardiff) Professor David Wilson (Warwick Business School) Professor Robert J. Vandenberg (The University of Georgia) Melbourne Institute

Professor Bob Elliott (University of Aberdeen) Professor Hugh Gravelle (University of York) Professor Paul Gregg (University of Bristol) Professor David Neumark (University of California, Irvine) Professor Regina Riphahn (University of Erlangen-Nuremberg) Professor Matt Sutton (University of Manchester) Miegunyah Distinguished Visiting Fellow Professor Richard B. Freeman, Herbert Ascherman Chair in Economics (Harvard University)

Research publications Department of Accounting Textbooks Hinchliffe SA & Teo E. 2011. Taxation Law in Context. Oxford, United Kingdom: Oxford University Press.

Hinchliffe SA & Teo E. 2011. Taxation Law in Context. Oxford, United Kingdom: Oxford University Press.

Leung P, Coram P, Cooper B & Richardson P. 2011. Modern Auditing and Assurance Services. Brisbane, Australia: John Wiley & Sons.

Potter B. 2011. Accounting in Context.

2011. Sydney, Australia: McGraw-Hill Higher Education. refereed Journal articles Anderson SW & Lillis AM. 2011.

Corporate frugality: theory, measurement and practice.

Contemporary Accounting Research.

28 (4) : 1349–1387.

Ang H & Pinnuck ML. 2011. Does the change of accounting regulation on employee share options give rise to greater scope for earnings management? Pacific Accounting Review. 23 (3) : 316–344.

Burrows G & Cobbin PE. 2011.

Budgetary and financial discontinuities: Iraq 1920–32. Accounting History Review. 21 (3) : 247–262.

Carrington M, Chen LC, Davies WM, Kaur J & Neville B. 2011. The effectiveness of a single intervention of computer-aided argument mapping in a marketing and a financial accounting subject. Higher Education Research and Development. 30 (3) : 387–403.

Chalmers K, Clinch G & Godfrey JM. 2011. Changes in value relevance of accounting information upon IFRS adoption: Evidence from Australia.

Australian Journal of Management.

36 (2) : 151–173.

Clinch G & Lombardi BJ. 2011.

Information and the cost of capital: The Easley-O’Hara (2004) model with endogenous information acquisition.

Australian Journal of Management.

36 (1) : 5–14.

Clinch G & Wei Z. 2011. The association between earnings and returns and macroeconomic performance: evidence from Australia, the US and China. Australian Accounting Review. 21 (1) : 54–63.

Coram P, Mock TJ & Monroe G. 2011. Financial analysts’ evaluation of enhanced disclosure of non-financial performance indicators. British Accounting Review. 43 : 87–101.

Phua YS, Abernethy MA & Lillis AM. 2011. Controls as exit barriers in multiperiod outsourcing arrangements.

Accounting Review. 86 (5) : 1795– 1834.

Coram P, Mock T, Turner J & Gray G. 2011. The communicative value of the auditor’s report. Australian Accounting Review. 21 (3) : 235–252.

Seow PS. 2011. The effects of decision aid structural restrictiveness on decision-making outcomes.

International Journal of Accounting Information Systems. 12 (1) : 40–56.

Elbashir MZ, Collier PA & Sutton SG. 2011. The role of organizational absorptive capacity in strategic use of business intelligence to support integrated management control systems. Accounting Review. 86 (1) : 155–184.

Ferguson A, Clinch G & Kean S. 2011.

Predicting the failure of developmental gold mining projects. Australian Accounting Review. 21 (1) : 44–53.

Ferguson CBF & Seow P. 2011.

Accounting information systems research over the past decade: Past and future trends. Accounting and Finance. 51 (1) : 235–251.

Grabski SV, Leech SA & Schmidt PJ. 2011. A review of ERP research: A future agenda for accounting information systems. Journal of Information Systems. 25 (1) : 37–78.

Grafton J, Abernethy M & Lillis A. 2011. Organisational design choices in response to public sector reforms: A case study of mandated hospital networks. Management Accounting Research. 22 : 242–268.

Grafton J, Lillis AM & Mahama H. 2011. Mixed methods research in accounting. Qualitative Research in Accounting and Management. 8 (1) : 5–21.

Gray GL, Turner JL, Coram P & Mock TJ. 2011. Perceptions and misperceptions regarding the unqualified auditor’s report by financial statement preparers, users, and auditors. Accounting Horizons. 25 (4) : 659–684.

Huelsbeck DP, Merchant KA & Sandino T. 2011. On testing business models. Accounting Review. 86 (5) : 1631–1654.

Parkes A & Davern M. 2011. A challenging success: A process audit perspective on change. Business Process Management Journal. 17 (6) : 876–897.

Spear N & Taylor AM. 2011. Asset write-downs: Evidence from 2001– 2008. Australian Accounting Review.

21 (1) : 14–21.

Zeng Y, Yuan Q & Zhang J. 2011.

Dark side of institutional shareholder activism in emerging markets: Evidence from China’s split share structure reform. Asia-Pacific Journal of Financial Studies. 40 : 240–260.

Unrefereed Journal articles Grafton J & Mundy J. 2011.

Collaboration and control: Managing tensions in competitive interorganisational relationships. CIMA Research Executive Series. 7 (3) : 1–5.

Refereed Full written papers Chalmers K, Godfrey J & Potter B. 2011. Discipline-informed approaches to water accounting. Proceedings of the RMIT Sustainability Conference 2011. Melbourne, Australia: RMIT University.

Minor reports and working papers Abernethy MA, Bouwens J & Van Lent L. 2011. Ethics, incentive contract design, and accounting manipulation.

Report No 2011, for March.

Melbourne, Australia: Department of Accounting and Business Information Systems.

Abernethy MA, Bouwens J & Van Lent L. 2011. Ethics, performance measure choice, and accounting manipulation.

Report No 2011, for March.

Melbourne, Australia: Department of Accounting and Business Information Systems.

Abernethy MA, Bouwens J & Van Lent L. 2011. The role of performance measures in the intertemporal decisions of business unit managers.

Report No 2011. Melbourne, Australia: Department of Accounting and Business Information Systems.

Annual Report 2011 Outlook 2012 39

Mock TJ, Bedard J, Coram P, Davis S, Espahbodi R & Warne RC. 2011.

The Auditor’s reporting model: Current research synthesis and implications.

Report No December 2011 for Public Company Accounting Oversight Board. Philadelphia, United States: American Accounting Association.

Book chapters (Other) Hillberry RH. 2011. Causes of International Production Fragmentation: Some Evidence.

In Sydor A (ed), Global Value Chains: Impacts and implications. Canada: Foreign Affairs and International Trade Canada, pp. 77–102.

Department of Economics

Refereed Journal articles Ahmed SA, Hertel TW & Walmsley TL. 2011. Outsourcing and the US labor market. The World Economy. 34 (2) : 194–222.

Authored research books Dungey M, Fry R, Gonzalez-Hermosillo B, Martin VL & Tang C. 2011.

Transmission of Financial Crises and Contagion. New York, United States: Oxford University Press.

Textbooks Atkinson ME & Dickson DCM. 2011.

An Introduction to Actuarial Studies.

Cheltenham, United Kingdom: Edward Elgar Publishing.

Bernanke B, Olekalns N & Frank R. 2011. Principles of Macroeconomics.

Sydney, Australia: McGraw Hill Australia.

Griffiths WE, Hill RC, Lim GC, Cho Y & Wong S. 2011. Instructor’s Manual for Principles of Econometrics, Fourth Edition. United States: John Wiley & Sons.

Hill R, Griffiths WE & Lim GC. 2011.

Principles of Econometrics. United States: John Wiley & Sons.

Research book chapters Dungey M, Fry RA, GonzalezHermosillo B, Martin VL & Tang C. 2011. Contagion and the Transmission of Financial Crises. In Kolb RW (ed), Financial Contagion: The viral threat to the wealth of nations. New Jersey, United States: John Wiley & Sons, pp. 129–136.

Mcdonald IM. 2011. Mathematics and Human Subjectivity. In Hage G & Kowal E (eds), Force, Movement, Intensity: The Newtonian imagination in the humanities and social sciences.

Carlton, Australia: Melbourne University Press, pp. 103–112.

Norman N. 2011. Economy. In Daniel L (ed), The Far East and Australasia.

London, United Kingdom: Routledge, pp. 66–81.

Ametrano FM & Joshi MS. 2011.

Smooth simultaneous calibration of the LMM to caplets and co-terminal swaptions. Quantitative Finance. 11 (4) : 547–558.

Andalon Lopez MA. 2011.

Oportunidades to reduce overweight and obesity in Mexico? Health Economics. 20 (Suppl. 1) : 1–18.

Balistreri EJ, Hillberry RHH & Rutherford TF. 2011. Structural estimation and solution of international trade models with heterogeneous firms. Journal of International Economics. 83 (2) : 95–108.

Beveridge CJ & Joshi MS. 2011.

Monte Carlo bounds for game options including convertible bonds.

Management Science. 57 (5) : 960–974.

Bittman M & Ironmonger D. 2011.

Valuing time: A conference overview.

Social Indicators Research. 101 (2) : 173–183.

Boone J, Van Ours JC, Wuellrich J & Zweimueller J. 2011. Recessions are bad for workplace safety. Journal of Health Economics. 30 (4) : 764–773.

Borland JI, Lee L & Macdonald RD. 2011. Escalation effects and the player draft in the AFL. Labour Economics.

18 (3) : 371–380.

Borland J & Tseng Y. 2011. A primer on doing evaluation of social programs. Parity. 27 (7) : 8–10.

Borland J & Tseng Y. 2011. Does ‘Work for the Dole’ Work? An Australian perspective on work experience programmes. Applied Economics. 43 (28) : 4353–4368.

Bretteville-Jensen AL & Jacobi L. 2011. Climbing the drug staircase: A Bayesian analysis of the initiation of hard drug use. Journal of Applied Econometrics. 26 (7) : 1157–1186.

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Cason TN, Gangadharan L & Nikiforakis N. 2011. Can real-effort investments inhibit the convergence of experimental markets? International Journal of Industrial Organization. 29 (1) : 97–103.

Chen P & Yang H. 2011. Markowitz’s mean-variance asset-liability management with regime switching: A multi-period model. Applied Mathematical Finance. 18 (1) : 29–50.

Coelli MBC. 2011. Parental job loss and the education enrollment of youth.

Labour Economics. 18 (1) : 25–35.

Corden WM. 2011. Ambulance economics: The pros and cons of fiscal stimuli. Open Economies Review.

22 (2) : 235–245.

Creedy J. 2011. Reflections on Tax

by Design. Fiscal Studies. 32 (3) : 361–373.

Creedy J & Gemmell N. 2011.

Corporation tax asymmetries: effective tax rates and profit shifting.

International Tax and Public Finance.

18 (4) : 422–435.

Creedy J, Herault N & Kalb G. 2011. Measuring welfare changes in behavioural microsimulation modelling: Accounting for the random utility component. Journal of Applied Economics. 14 (1) : 5–34.

Creedy J, Herault N & Kalb G. 2011.

Tax policy design and the role of a tax-free threshold. Public Finance and Management. 11 (4) : 338–364.

Creedy J, Li S & Moslehi S. 2011.

The composition of government expenditure: economic conditions and preferences. Economic Inquiry. 49 (1) : 94–107.

Creedy J & Mellish A. 2011. Changes in the tax mix from income taxation to GST: Revenue and redistribution. New Zealand Economic Papers. 45 (3) : 299–309.

Creedy J & Moslehi S. 2011. The optimal division of government expenditure between public goods and transfer payments. Australian Economic Papers. 49 (2) : 87–100.

Creedy J & Sanz-Sanz J. 2011.

Modelling aggregate personal income tax revenue in multi-schedular and multi-regional structures. Economic Modelling. 28 : 2589–2595.

Denson N & Joshi MS. 2011. Fast and accurate Greeks for the LIBOR market model. The Journal of Computational Finance. 14 (4) : 115–140.

Dixon R, Freebairn J & Lim GC. 2011.

Net flows in the US labor market, 1990–2010. Monthly Labor Review.

134 (2) : 25–32.

Dixon RJ & Shepherd D. 2011.

State and territory employment and unemployment patterns in Australia.

Australian Economic Review. 44 (2) : 196–206.

Ederington J & Mccalman PJ. 2011.

Infant industry protection and industrial dynamics. Journal of International Economics. 84 (1) : 37–47.

Erkal N, Gangadharan L & Nikiforakis N. 2011. Relative earnings and giving in a real effort experiment. American Economic Review. 101 : 3330–3348.

Fielding D & Shields K. 2011. Regional asymmetries in the impact of monetary policy shocks on prices: Evidence from US cities. Oxford Bulletin of Economics and Statistics. 73 (1) : 79–103.

Freebairn J. 2011. A bigger and larger GST? Economic and Labour Relations Review. 22 (3) : 85–100.

Freebairn JW. 2011. Allocating limited water. Australian Economic Review. 44 (2) : 225–232.

Freebairn JW. 2011. Structural changes in regional economics.

Australian Economic Review. 44 (2) : 189–195.

Fries CP & Joshi MS. 2011.

Perturbation stable conditional analytic Monte-Carlo pricing scheme for autocallable products. International Journal of Theoretical and Applied Finance. 14 (2) : 197–219.

Frijters P, Haisken-Denew JP & Shields M. 2011. The increasingly mixed proportional hazard model: An application to socioeconomic status, health shocks, and mortality. Journal of Business and Economic Statistics.

29 (11) : 271–281.

Frijters P, Johnston DW & Shields M. 2011. Life satisfaction dynamics with quarterly life event data. Scandinavian Journal of Economics. 113 (1) : 190–211.

Frijters P, Shields M, Wheatley Price S & Williams J. 2011. Quantifying the cost of passive smoking on child health: evidence from children’s cotinine samples. Journal of the Royal Statistical Society – Series A: Statistics in Society. 174 (1) : 195–212.

Graversen BK & Van Ours JC. 2011.

An activation program as a stick to job finding. Labour. 25 (2) : 167–181.

Griffiths W, Jensen P & Webster E. 2011. What creates abnormal profits?

Scottish Journal of Political Economy.

58 (3) : 323–346.

Hafalir I & Yektas H. 2011. Selling goods of unknown quality: Forward vs spot auctions. Review of Economic Design. 15 (3) : 245–256.

Hasan R, Mitra D, Ranjan P & Ahsan RN. 2011. Trade liberalization and unemployment: Theory and evidence from India. Journal of Development Economics. 97 (2) : 269–280.

Hodler R. 2011. Elections and the strategic use of budget deficits. Public Choice. 148 (1–2) : 149–161.

Hodler R. 2011. Institutions, trade and the political economy of financial development. Journal of Institutional and Theoretical Economics. 167 (3) : 445–464.

Hodler R & Knight D. 2011. Ethnic fractionalisation and aid effectiveness.

Journal of African Economies. 21 (1) : 65–93.

Horne A, Freebairn J & O’Donnell E. 2011. Establishment of environmental water in the Murray-Darling Basin: An analysis of two key policy initiatives.

Australian Journal of Water Resources.

51 (1) : 7–19.

Joshi MS & Chan J. 2011. Minimal partial proxy simulation schemes for generic and robust Monte-Carlo Greeks. The Journal of Computational Finance. 15 (2) : 77–109.

Joshi MS & Kwon O. 2011. Monte Carlo market greeks in the displaced diffusion LIBOR market model. Journal of Risk. 14 (2) : 23–38.

Joshi MS & Yang C. 2011. Algorithmic hessians and the fast computation of cross-gamma risk. IIE Transactions. 43 (12) : 878–892.

Joshi M & Yang Chao K. 2011.

Efficient greek estimation in generic swap-rate market models. Algorithmic Finance. 1 (2011) : 17–33.

Joshi M & Yang Chao K. 2011. Fast delta computations in the swap-rate market model. Journal of Economic Dynamics and Control. 35 (5) : 764–775.

Julien B, Kennes J & King I. 2011.

Implementing the Mortensen Rule in a frictional labor market. Journal of Macroeconomics. 33 (1) : 80–91.

Lalive R, Van Ours JC & Zweimuller J. 2011. Equilibrium unemployment and the duration of unemployment benefits. Journal of Population Economics. 24 : 1385–1409.

Lee K & Shields K. 2011. Decisionmaking in hard times: What is a recession, why do we care and how do we know when we are in one?

North American Journal of Economics and Finance. 22 : 43–60.

Leroux A & Maclaren D. 2011. The optimal time to remove quarantine bans under certainty: The case of australian bananas. The Economic Record. 87 (276) : 140–152.

Li S. 2011. Costly external finance, reallocation, and aggregate productivity. Journal of Productivity Analysis. 35 (3) : 181–195.

Li S & Dressler S. 2011.

Business cycle asymmetry with occasionally binding international borrowing constraint. Journal of Macroeconomics. 33 (1) : 33–41.

Liu Q, Pitt D, Zhang X & Wu X. 2011.

A Bayesian approach to parameter estimation for kernel density estimation via transformations. Annals of Actuarial Science. 5 (2) : 181–193.

Lloyd-Smith CW & Ironmonger DS. 2011. Random processes, social groups, and households II. The Mathematical Scientist. 36 (1) : 19–29.

Loertscher SM & Muehlheusser G. 2011. Sequential location games.

Rand Journal of Economics. 42 (4) : 639–663.

Loertscher S & Schneider Y. 2011.

Chain stores, consumer mobility, and market structure. Journal of Institutional and Theoretical Economics. 167 (2) : 236–246.

Maclaren D. 2011. An analysis of the special safeguard mechanism with particular reference to india. Margin: the journal of applied economic research. 5 (1) : 47–64.

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Mccabe B, Martin G & Harris D. 2011.

Efficient probabilistic forecasts for counts. Journal of the Royal Statistical Society Series B. 73 : 253–272.

Mezzetti C. 2011. Sequential auctions with informational externalities and aversion to price risk: Decreasing and increasing price sequences.

The Economic Journal. 121 (555) : 990–1016.

Mezzetti C, Baker S & Lee PY. 2011.

Intellectual property disclosure as threat. International Journal of Economic Theory. 7 (2011) : 21–38.

Nie C, Dickson DCM & Li S. 2011.

Minimizing the ruin probability through capital injections. Annals of Actuarial Science. 5 (2) : 195–209.

Nikiforakis N & Engelmann D. 2011.

Altruistic punishment and the threat of feuds. Journal of Economic Behaviour and Organization. 78 (3) : 319–332.

Ozden C, Parsons CR, Schiff M & Walmsley TL. 2011. Where on Earth is everybody? The Evolution of global bilateral migration 1960–2000. World Bank Economic Review. 25 (1) : 12–56.

Picchio M & Van Ours JC. 2011.

Market imperfections and firmsponsored training. Labour Economics. 18 : 712–722.

Siaw K, Wu X, Pitt D & Wang Y. 2011.

Matrix-form recursive evaluation of the aggregate claims distribution revisited.

Annals of Actuarial Science. 5 (2) : 163–179.

Smith RM & Merrett AJ. 2011. Playing favourites: The competition effects of preferred customer arrangements.

European Competition Journal. 7 (2) : 179–203.

Strutt A & Walmsley TL. 2011.

Implications of the global financial crisis for China: A dynamic CGE analysis to 2020. Economics Research International. 2011 Taylor G. 2011. Maximum likelihood and estimation efficiency of the chain ladder. Astin Bulletin. 41 (1) : 131–155.

Uren LL & Virag G. 2011. Skill requirements, search frictions and wage inequality. International Economic Review. 52 (2) : 379–406.

Van Ours JC & Stoeldraijer L. 2011.

Age, wage and productivity in Dutch manufacturing. De Economist. 159 : 113–137.

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Van Ours JC & Van Tuijl MA. 2011.

Country-specific goal scoring in the “dying seconds” of international football matches. International Journal of Sport Finance. 6 (2) : 138–154.

Van Ours J & Williams J. 2011.

Cannabis use and mental health problems. Journal of Applied Econometrics. 26 (7) : 1137–1156.

Vollaard B & Van Ours JC. 2011.

Does regulation of built-in security reduce crime? Evidence from a natural experiment. The Economic Journal.

121 : 485–504.

Walmsley TL, Winters A & Ahmed A. 2011. The impact of the movement of labour: Results from a model of bilateral migration flows. Global Economy Journal. 11 (4).

Unrefereed Journal articles Corden WM. 2011. Global imbalances and the paradox of thrift. Policy Insight. 54 (April) : 1–10.

Lloyd PJ. 2011. Free trade and growth in the world economy. Singapore Economic Review. 56 (3) : 291–306.

Loertscher S & Wilkening TSW. 2011.

Auctions and economic design. Australian Economic Review. 00 (0) : 1–8.

Journal articles (Unrefereed letters or notes) King I. 2011. Introduction to special issue: Macroeconomics with frictions.

Journal of Macroeconomics. 33 : 1–3.

Maclaren D. 2011. Review of ‘Agriculture and the WTO: Towards a new theory of international trade regulation’. Rural Society. 20 : 227–230.

Wilkening T. 2011. Experimental economics: Rethinking the rules – book review. The Economic Record.

87 (276) : 178–180.

Refereed Full written papers Borland J. 2011. The Australian labour market in the 2000s: The quiet decade. In Gerard H & Kearns J(eds), The Australian Economy in the 2000s: Proceedings of a conference.

165–218. Sydney, Australia: Reserve Bank of Australia.

Maclaren D. 2011. On the economics of the Special Safeguard Mechanism (SSM) for imports of agricultural products. Proceedings of the 14th Annual Conference on Global Economic Analysis. Indiana, United States: Global Trade Analysis Project.

Major reports and working papers Hirschberg J, Lye J, Davies WM & Johnston C. 2011. Measuring student experience: Relationships between teaching quality instruments (TQI) and course experience questionnaire (CEQ). Report No. Sydney, Australia: Australian Learning & Teaching Council.

Ironmonger DS. 2011. The economic value of volunteering in South Australia. Report No. for Office for Volunteers, Government of South Australia. Adelaide, Australia: Government of South Australia.

Mcdonald IM. 2011. Research strategy and data strategy . Report No 4/2011, for Fair Work Australia.

Melbourne, Australia: Department of Economics.

Minor reports and working papers Balafoutas L & Nikiforakis N. 2011.

Norm enforcement in the city: A natural field experiment. Report No 1133. Melbourne, Australia: Department of Economics, The University of Melbourne.

Bretteville-Jensen AL & Williams J. 2011. Decriminalization and initiation into cannabis use. Report No 1130.

Melbourne, Australia: Department of Economics, The University of Melbourne.

Creedy J, Halvorsen E & Thoresen TO. 2011. Inequality comparisons in a multi-period framework: The role of alternative welfare metrics. Report No 1127. Melbourne, Australia: Department of Economics, The University of Melbourne.

Edmond CP. 2011. Information manipulation, coordination, and regime change. Report No 1125.

Melbourne, Australia: The Department of Economics.

Hajargasht G, Griffiths WE, Brice J, Rao DS & Chotikapanich D. 2011. GMM estimation of income distributions from grouped data.

Report No 1129. Melbourne, Australia: The Department of Economics.

Haug AA & King IP. 2011.

Empirical evidence on inflation and unemployment in the long run. Report No 1128. Melbourne, Australia: The Department of Economics.

Lee K, Morley J & Shields K. 2011.

The Meta Taylor rule. Report No 1131.

Melbourne, Australia: Department of Economics, The University of Melbourne.

Bade B, Roesch D & Scheule H. 2011. Empirical performance of loss given default prediction models. The Journal of Risk Model Validation. 5 (2) : 25–44.

Lee K, Olekalns N, Shields K & Wang Z. 2011. The Australian real-time database: An overview and an illustration of its use in business cycle analysis. Report No 1132. Melbourne, Australia: Department of Economics, The University of Melbourne.

Brown Rayna, Brown Rob, O’Connor I, Schwann G & Scott C. 2011. The other side of housing affordability: The user cost of housing in Australia.

The Economic Record. 87 (279) : 558–574.

Loertscher SM & Reisinger M. 2011.

Market structure and the competitive effects of vertical integration. Report No 1136. Melbourne, Australia: Department of Economics, The University of Melbourne.

Maclaren D. 2011. Imperfect competition, state trading and Japan’s imports of rice. Report No 806.

University of Osaka, Japan: Institute of Social and Economic Research.

Department of Finance Research book chapters Coleman L. 2011. The predictive ability of financial markets. In Vaughan Williams L (ed), Prediction Markets: Theory and Applications. London, United Kingdom: Routledge, pp.

111–122.

De Jong A & Verwijmeren P. 2011.

Survey evidence on capital structure: Non-US evidence. In Baker HK & Martin GS (eds), Capital Structures and Corporate Financing Decisions: Theory, Evidence, and Practice. New York, United States: John Wiley & Sons, pp. 249–260.

Zeng Q. 2011. Financial Intermediaries. In Ke D & Li H (eds), Finance. China: Renmin University of China Press, pp. 139–165.

Refereed Journal articles Aharoni G & Sarig O. 2011. Hot hands and equilibrium. Applied Economics.

44 : 2309–2320.

Akyol AC. 2011. Stock returns around non–trading periods: Evidence from an emerging market. Applied Financial Economics. 21 (20) : 1549–1560.

Bade B, Roesch D & Scheule H. 2011. Default and recovery risk dependencies in a simple credit risk model. European financial management. 17 (1) : 120–144.

Brown SJ. 2011. The efficient markets hypothesis: The demise of the demon of chance. Accounting and Finance.

51 (1) : 79–95.

Brown SJ, Goetzmann W, Liang B & Schwarz C. 2011. Trust and delegation. Journal of Financial Economics. 103 (2) : 221–234.

Chan CA, Wong E, Nirmalathas A, Gygax AF & Leckie CA. 2011. Energy efficiency of on-demand video caching systems and user behavior. Optics Express. 19 (26) : B260–B269.

Chan H, Faff R & Kofman P. 2011.

Is default risk priced in Australian equity? Exploring the role of the business cycle. Australian Journal of Management. 36 (2) : 217–246.

Chan HW, Faff R, Hill P & Scheule H. 2011. Are watch procedures a critical informational event in the credit ratings process? An empirical investigation.

Journal of Financial Research. 34 (4) : 617–640.

Coleman L. 2011. An exploratory analysis of factors influencing initial market response and media reports following shock corporate events.

Financial Review (Statesboro). 46 (2) : 313–336.

Coleman L. 2011. Losses from failure of stakeholder-sensitive processes: Financial consequences for large US companies from breakdowns in product, environmental and accounting standards. Journal of Business Ethics. 98 (2) : 247–258.

Dark J, Maharaj E & Galagedera DUA. 2011. A comparison of developed and emerging equity market return volatility at different time scales. Managerial Finance. 37 (10) : 940–952.

De Jong A, Dutordoir M & Verwijmeren P. 2011. Why do convertible issuers simultaneously repurchase stock? An arbitrage-based explanation. Journal of Financial Economics. 100 (1) : 113–129.

De Jong A, Jiang T & Verwijmeren P. 2011. Strategic debt in vertical relations: Evidence from franschising.

Journal of Retailing. 87 (3) : 381–392.

Docherty P, Chan HWH & Easton S. 2011. Asset tangibility, industry representation and the cross section of equity returns. Australian Journal of Management. 36 (1) : 75–87.

Gygax A & Ong S. 2011. What do investment banks truly bring to the table? Abacus. 47 (2) : 121–157.

Henkel SJH, Martin JS & Nardari F. 2011. Time-varying short-horizon predictability. Journal of Financial Economics. 99 (3) : 560–580.

Inkmann J, Lopes p & Michaelides a. 2011. How deep is the annuity market participation puzzle? Review of Financial Studies. 24 (1) : 279–319.

Inkmann J & Michaelides A. 2011.

Can the life insurance market provide evidence for a bequest motive?

Journal of Risk and Insurance. 24 (1) : 279–319.

Lim BY. 2011. Short-sale constraints and price bubbles. Journal of Banking & Finance. 35 (9) : 2443–2453.

Lim BY & Rosario J. 2011. The performance and impact of stock picks mentioned on ‘Mad Money’.

Applied Financial Economics. 20 : 1113–1124.

Murawski C. 2011. Neuroeconomics: Investigating the neurobiology of choice. Australian Economic Review.

44 (2) : 215–224.

Phang G & Brown R. 2011. Rational early exercise of call options: Australian evidence. Accounting and Finance. 51 (3) : 732–744.

Taylor DT & Coleman L. 2011. Price determinants of Aboriginal art, and its role as an alternative asset class.

Journal of Banking & Finance. 35 (6) : 1519–1529.

Full written papers (Refereed) Aharoni G, Brown C & Wang J. 2011.

The payout policy of Australian firms: Dividends, repurchases and soft substitution. Proceedings of the 2011 FMA Asian Conference. Queenstown, New Zealand: Asian Financial Management Association (FMA).

Annual Report 2011 Outlook 2012 43

Aydogdu M & Shekhar C. 2011.

Institutional shareholder response to antitakeover laws. Proceedings of the 2011 Financial Management Association Annual Meeting. United States: Financial Management Association International.

Brown C, Chen Y & Shekhar C. 2011.

Institutional ownership and firm cash holdings. Proceedings of the Asian Finance Association 2011 International Conference. Macao, China: Asian Finance Association.

Chang X, Shekhar C, Tam L & Yao J. 2011. Prior relationship, industry expertise, information leakage, and the choice of M&A advisor. Proceedings of the Asian Finance Association 2011 International Conference. Macao, China: Asian Finance Association.

Ng C & Shekhar C. 2011. Try again?

Withdrawn deals, asset growth, and value creation in mergers. Proceedings of the 2011 Financial Management Association Annual Meeting. United States: Financial Management Association International.

Zeng Q, Aharoni G & Grundy BD. 2011. Revisiting the Fama and French valuation formula. Proceedings of the Asian Finance Association 2011 International Conference. Macao, China: Asian Finance Association.

Major reports and working papers Shi Z & Werker BJM. 2011. Economic Costs and Benefits of Imposing Short-Horizon Value-at-Risk Type Regulation. Report No TI 11–053/ DSF17. Amsterdam, Netherlands: Tinbergen Institute/Duisenberg School of Finance.

Department of Management and Marketing Edited books Grant D, Hardy C & Putnam LL. 2011.

Organizational Discourse Studies.

London, United Kingdom: Sage Publications.

Revised books Harzing AW. 2011. The Publish or Perish Book, Part 1: A guide to the software. 3.2. Melbourne, Australia: Tarma Software Research Pty Ltd.

44 Annual Report 2011 Outlook 2012

Harzing AW. 2011. The Publish or Perish Book, Part 2: Citation analysis for academics and administrators. 3.2.

Melbourne, Australia: Tarma Software Research Pty Ltd. Harzing AW. 2011. The Publish or Perish Book, Part 3: Doing bibliometric research with Google Scholar. 3.2.

Melbourne, Australia: Tarma Software Research Pty Ltd. Research book chapters Ainsworth S. 2011. The ‘Feminine Advantage’: A discursive analysis of the invisibility of older women workers.

In Grant D, Hardy C & Putnam L (eds), Organizational Discourse Studies.

London, United Kingdom: Sage Publications, pp. 3–25.

Brown MB & Shields J. 2011. Reward Management: Rethinking Individual Performance Pay. In Clarke M (ed), Readings in Human Resource Management and Sustainability.

Australia: Tilde University Press, pp.

64–81.

Canniford R. 2011. A Typology of Consumption Communities. In Belk RW, Grayson K, Muniz Jr AM & Jensen Schau H (eds), Research in Consumer Behavior. London, United Kingdom: Emerald Group Publishing Limited, pp. 57–75.

Hardy C, Palmer I & Phillips N. 2011.

Discourse as a Strategic Resource. In Grant D, Hardy C & Putnam LL (eds), Organizational Discourse Studies.

London, United Kingdom: Sage Publications, pp. 193–211.

Hardy C & Phillips N. 2011. No Joking Matter: Discursive Struggle in the Canadian Refugee System. In Grant D, Hardy C & Putnam LL (eds), Organizational Discourse Studies.

London, United Kingdom: Sage Publications, pp. 301–325.

Macguire S & Hardy C. 2011.

Discourse and Deinstitutionalization: The Decline of DDT. In Grant D, Hardy C & Putnam LL (eds), Organizational Discourse Studies. London, United Kingdom: Sage Publications, pp.

112–158.

Pablo Z & Hardy C. 2011. Knowledge as power on the internet. In Janssen M, Scholl H, Wimmer M & Tan Y (eds), Electronic Government. Heidelberg, Germany: Springer-Verlag Heidelberg, pp. 180–191.

Phillips N, Lawrence TB & Hardy C. 2011. Discourse and Institutions. In Grant D, Hardy C & Putnam LL (eds), Organizational Discourse Studies.

London, United Kingdom: Sage Publications, pp. 227–252.

Verhezen P. 2011. Geopolitical Changes and Corporate Accountability. In Roosens P, Claessens & Stavrevska V (eds), Wereldwijd Bekeken: Essays in International Management, Diplomacy & Development Studies. Liber Amicorum, University of Antwerp Press – Universitas, pp. 3–15.

Zyphur MJ, Zhang Z & Barsky A. 2011. Advances in Leadership Research Methods. In Day DV & Antonakis J (eds), The Nature of Leadership. London, United Kingdom: Sage Publications, pp. 66–107.

Book chapters (Other) Grant D, Putnam LL & Hardy C. 2011.

Editor’s Introduction: Organizational Discourse Studies – History, Challenges and Contributions. In Grant D, Putnam LL & Hardy C (eds), Organizational Discourse Studies.

London, United Kingdom: Sage Publications, pp. xvii–xlii.

Refereed Journal articles Allen T, Juric-Sekhar G, Campbell S, Mussar KE, Seidel K, Tan J, Zyphur M, Villagracia L, Stephanian D & Rubens DD. 2011. Inner ear insult suppresses the respiratory response to CO2.

Neuroscience. 175 : 262–272.

Barsky A. 2011. Investigating the effects of moral disengagement and participation on unethical work behavior. Journal of Business Ethics.

104 : 59–75.

Barsky A, Kaplan SA & Beal DJ. 2011.

Just feelings? The role of affect in the formation of organizational fairness judgments. Journal of Management.

37 (1) : 248–279.

Bednall TC & Bove LL. 2011. Donating blood: A meta-analytic review of selfreported motivators and deterrents.

Transfusion Medicine Review. 25 (4) : 317–334.

Benson J & Brown M. 2011.

Generations at work: are there differences and do they matter?

International Journal of Human Resource Management. 22 (9) : 1843–1865.

Borland JI, Lee L & Macdonald RD. 2011. Escalation effects and the player draft in the AFL. Labour Economics.

18 (3) : 371–380.

Bornemann T & Homburg C. 2011.

Psychological distance and the dual role of price. Journal of Consumer Research. 38 (October).

Bove LL, Bednall T, Masser B & Buzza M. 2011. Understanding the plasmapheresis donor in a voluntary, non-remunerated environment.

Transfusion. 51 (11) : 2411–2424.

Canniford RC. 2011. How to manage consumer tribes. Journal of Strategic Marketing. 19 (7) : 591–606.

Carrington M, Chen LC, Davies WM, Kaur J & Neville B. 2011. The effectiveness of a single intervention of computer-aided argument mapping in a marketing and a financial accounting subject. Higher Education Research and Development. 30 (3) : 387–403.

Chan C & Bhakoo V. 2011.

Collaborative implementation of e-business processes within the health care supply chain: The Monash Pharmacy Project. Supply Chain Management: An International Journal.

16 (3) : 184–193.

Coker B. 2011. Freedom to surf: the positive effects of workplace internet leisure browsing. New Technology, Work & Employment. 26 (3) : 238–247.

Coker B, Ashill N & Hope B. 2011.

Measuring internet product purchase risk. European Journal of Marketing.

45 (7/8) : 1130–1151.

Colwell SR, Zyphur MJ & Schminke M. 2011. When does ethical code enforcement matter in the inter-organizational context? The moderating role of switching costs.

Journal of Business Ethics. 104 (1) : 47–58.

Frederiksen c, Kehoe EJ & Wood RE. 2011. Effects of instructional aids on the acquisition of dynamic decisionmaking skills. Learning and Instruction.

21 (5) : 601–613.

Garma R & Bove LL. 2011.

Contributing to well-being: Customer citizenship behaviors directed to service personnel. Journal of Strategic Marketing. 19 (7) : 633–649.

Griffin KL & Brown M. 2011. Second hand views? Young people, social networks and positive union attitudes.

Labour & Industry. 22 (1/2) : 83–101.

Hardy C. 2011. How institutions communicate; or how does communicating institutionalize?

Management Communication Quarterly. 25 (1) : 191–199.

Harzing A, Koster K & Magner U. 2011. Babel in business: The language barrier and its solutions in the HQsubsidiary relationship. Journal of World Business. 46 (3) : 279–287.

Homburg C, Mueller M & Klarmann M. 2011. When should the customer really be king? On the optimum level of salesperson customer orientation in sales encounters. Journal of Marketing. 75 (2) : 55–74.

Homburg C, Wieseke J, Lukas B & Mikolon S. 2011. When salespeople develop negative headquarters stereotypes: performance effects and managerial remedies. Journal of the Academy of Marketing Science. 39 (5) : 664–682.

Jamali D & Neville BA. 2011.

Convergence versus divergence of CSR in developing countries: An embedded multi-layered institutional lens. Journal of Business Ethics. 102 (4) : 599–621.

Kumar A, Heide JB & Wathne K. 2011. Performance implications of mismatched governance regimes across external and internal relationships. Journal of Marketing. 75 (March) : 1–17.

Lawrence BS & Zyphur M. 2011.

Identifying organizational faultlines with latent class cluster analysis.

Organizational Research Methods. 14 (1) : 32–57.

Luchs M, Walker Naylor R, Rose RL, Catlin JR, Gau R, Kapitan S, Mish J, Ozanne L, Phipps M & Weaver T. 2011. Toward a sustainable marketplace: Expanding options and benefits for consumers. Journal of Research for Consumers. 2011 (19) : 1–12.

Merrett D & Ville S. 2011. Tariffs, subsidies, and profits: A reassessment of structural change in Australia 1901–39. Australian Economic History Review. 51 (1) : 46–70.

Mol JMM & Wijnberg NM. 2011.

From resources to value and back: Competition between and within organizations. British Journal of Management. 22 (1) : 77–95.

Nagpal A, Khare A, Chowdhury T, Labrecque LI & Pandit A. 2011. The impact of the amount of available information on decision delay: The role of common features. Marketing Letters: a journal of research in marketing. 22 (4) : 405–421.

Neville BA, Bell SJ & Whitwell GJ. 2011. Stakeholder salience revisited: Refining, redefining, and refueling an underdeveloped conceptual tool.

Journal of Business Ethics. 102 (3) : 357–378.

Nyilasy G, King KW & Reid LN. 2011. Checking the pulse of print media: Fifty years of newspaper and magazine advertising research.

Journal of Advertising Research. 51 (1) : 167–175.

Nyilasy G & Reid LN. 2011. Advertiser pressure and the personal ethical norms of newspaper editors and ad directors. Journal of Advertising Research. 51 (3) : 538–551.

Pervan SJ, Bove LL, Johnson LW & Lin CH. 2011. Effect of reciprocity on well-being in interpersonal marketing relationships: An interview study.

International Journal of Management.

28 (1) : 185–197.

Phipps MJ & Brace-Govan J. 2011. From right to responsibility: Sustainable change in water consumption. Journal of Public Policy and Marketing. 30 (2) : 203–219.

Power DJ, Schoenherr T & Samson D. 2011. Assessing the effectiveness of quality management in a global context. IEEE Transactions on Engineering Management. 58 (2) : 307–322.

Preacher KJ, Zhang Z & Zyphur M. 2011. Alternative methods for assessing mediation in multilevel data: The advantages of multilevel SEM. Structural Equation Modeling. 18 (2) : 161–182.

Reiche BS, Kraimer ML & Harzing AWK. 2011. Why do international assignees stay? An organizational embeddedness perspective. Journal of International Business Studies. 42 (4) : 521–544.

Sargent LD, Bataille CD, Vough HC & Lee MD. 2011. Metaphors for retirement: Unshackled from schedules. Journal of Vocational Behavior. 79 (2011) : 315–324.

Annual Report 2011 Outlook 2012 45

Schuette S. 2011. Appointing top officials in a democratic Indonesia: The Corruption Eradication Commission.

Bulletin of Indonesian Economic Studies. 47 (3) : 355–379.

Wang JJ, Singh PJ, Samson D & Power DJ. 2011. Sourcing from China: experiences of Australian firms. Supply Chain Management: An International Journal. 16 (6) : 419–427.

Sekiguchi T & Yamao S. 2011.

Factors affecting the change of top executive nationality in MNCs’ foreign affiliates in Japan. Zeitschrift fuer Betriebswirtschaft. 81 : 27–48.

Zander L, Mockaitis A & Harzing A. 2011. Standardization and contextualization: A study of language and leadership across 17 countries.

Journal of World Business. 46 (3) : 296–304.

Seltzer A & Sammartino AS. 2011.

Nominal wage rigidity prior to compulsory arbitration: Evidence from the Victorian Railways, 1902–1921.

Cliometrica: journal of historical economics and econometric history.

5 (1) : 53–78.

Shiu E, Pervan SJ, Bove L & Beatty SE. 2011. Reflections on discriminant validity: Reexamining the Bove et al (2009) findings. Journal of Business Research. 64 (2011) : 497–500.

Simon A, Kumar V, Schoeman P, Moffatt P & Power DJ. 2011.

Capabilities and Organisational Success: Some Pointers From Five Australian Studies. Management Decision. 49 (8) : 1305–1326.

Singh P, Power D & Chuong SC. 2011. A resource dependence theory perspective of ISO 9000 in managing organizational environment. Journal of Operations Management. 29 (1–2) : 49–64.

Snow C, Fjeldstad O, Lettl C & Miles R. 2011. Organizing continuous product development and commercialization: The collaborative community of firms model. Journal of Product Innovation Management.

28 : 3–16.

Terawatanavong C, Whitwell GJ, Widing RE & O’Cass A. 2011.

Technological turbulence, supplier market orientation, and buyer satisfaction. Journal of Business Research. 64 (8) : 911–918.

Thomas R & Hardy C. 2011.

Reframing resistance to organizational change. Scandinavian Journal of Management. 27 : 322–331.

Thomas R, Sargent L & Hardy C. 2011. Managing organizational change: Negotiating meaning and power-resistance relations.

Organization Science. 22 (1) : 22–41.

46 Annual Report 2011 Outlook 2012

Zhu Y, Warner M & Zhao W. 2011.

Economic reform, ownership change and human resource management in formerly state-owned enterprises in the People’s Republic of China: A case-study approach. Human Systems Management. 30 (1) : 11–22.

Unrefereed Journal articles Harzing AWK & Metz M. 2011.

Gender and geographical diversity in the editorial board of the Journal of International Business Studies. AIB Insights. 11 (3) : 3–7.

Koehler T & Berry M. 2011. Using cultural metaphors in international, virtual student collaborations.

International Association for CrossCultural Psychology. 2011 (Unit 11).

Journal articles (Unrefereed letters or notes) Pervan SJ & Bove LL. 2011. The engagement of customers beyond their expected roles. Journal of Strategic Marketing. 19 (7) : 551–554.

Refereed Full written papers Al-Balushi S & Singh PJ. 2011. It takes two to tango: Impact of social capital on supply chain collaboration.

Proceedings of the Decision Science Institute 42nd Annual Meeting.

3306–3311. Atlanta, United States: Decision Sciences Institute.

Al-Balushi Z & Power D. 2011.

Mutual dependence and supplier innovation, the moderating role of power asymmetry: An empirical study from the Arabian Gulf countries.

Proceedings of the 18th EUROMA Conference. Cambridge, United Kingdom: EUROMA. Auh S, Merlo O & Lukas B. 2011.

The power of marketing, R&D and finance: Performance effects and the complimentary role of innovativeness.

Proceedings of the 2011 ANZMAC

Conference. Fremantle, Australia: ANZMAC – Australian and New Zealand Marketing Academy.

Capezio A, Cui L, Hu W & Shields J. 2011. Rethinking director social identities in corporate governance research: An integrative and multi-level approach. Proceedings of the 27th European Group of Organizational Studies Annual Conference.

Gothenburg, Sweden: EGOS. Cramton CD & Koehler T. 2011.

Coordination in global teamwork: A scripts-based view. Proceedings of the 2011 Annual Meeting of the Academy of Management. United States: Academy of Management.

Cui L, Meyer KE & Hu W. 2011. The managerial intent for competitive catch-up: An extension of the awareness-motivation-capability framework. Proceedings of the 37th European International Business Academy Annual Conference.

Bucharest, Romania: European International Business Academy Annual Conference.

Fan S, Koehler T & Harzing AW. 2011.

Do I have to be one of you? The role of ethnic identity in relationships between expatriates and host country employees. Proceedings of the 2011 Australian New Zealand Academy of Management Conference. New Zealand: ANZAM. Harzing A & Pudelko M. 2011.

Language policies, competencies, and problems in multinational companies: Comprehensive evidence from nine countries/regions. Proceedings of the 37th EIBA conference. Fribourg, Switzerland: EIBA. Hazrul N, Lukas B & Whitwell G. 2011. Sequential vs simultaneous rollouts: Contingent effects of product innovativeness and order of entry. Proceedings of the 2011 AMS Conference. Coral Gables, United States: Academy of Marketing Science.

Huynh P, Osegowitsch T & Sammartino A. 2011. Home regionalisation: Trends and performance implications. Proceedings of the AIB 2011 International Business for Sustainable World Development.

Japan: Academy of International Business (AIB).

Judge W, Bell RG, Talaulicar T, Chen J, Kohli N, Witt M & Hu W. 2011.

Corporate governance and IPO underpricing throughout the world: Agency & institutional perspectives.

Proceedings of the 2011 Academy of International Business Annual Conference. Michigan, United States: Organising Committee for the Annual Meeting of the Academy of International Business.

Judge W, Zattoni A, Bell RG, Lewellyn K, Talaulicar T, Chen J, Kohli N, Witt M & Hu W. 2011. How does the board of directors contribute to IPO returns? An examination of all three board roles within a worldwide sample. Proceedings of the 71st Academy of Management Annual Conference. United States: Academy of Management.

Karpen IO & Bove LL. 2011. Servicedominant orientation: Empirical measurement model considerations.

The Naples Forum on Service Proceedings 2011. Capri, Italy: The Naples Forum on Service 2011.

Kase R & Yamao S. 2011. Interunit and interpersonal social networks in MNCs: A literature review and future directions. Proceedings of the Academy of International Business 2011 meeting. East Lansing, Michigan, United States: Academy of International Business (AIB).

Koehler T, Cramton CD & Hinds PJ. 2011. The meeting genre across cultures: Insights from three GermanAmerican collaborations. Proceedings of the AIB-ANZ Symposium. Australia: AIB-ANZ Symposium.

Lam J, Singh PJ & Sethuraman K. 2011. Is sustainability worth the effort?

Relationship between sustainability practices and financial performance of firms. Proceedings of the 9th Australia and New Zealand Academy of Management Operations Management Symposium. 1–19. New Zealand: ANZAM. Merrett DT & Ville S. 2011. Institution building and organizational diversity: Evidence from Australian Woolbrokers’ Associations, 1890 – 1939. Proceedings of the Australian Conference of Economists 2011.

Canberra, Australia: Conference Organising Committee for the 40th Australian Conference of Economists.

Muzio J, Nagpal A & Paladino A. 2011.

Automatic processes in evaluation: Cognitively laden versus affectively laden stimuli in implicit attitude change. Proceedings of the 2011 ANZMAC Conference. New Zealand: ANZMAC Conference Organising Committee.

Quintane E, Pattison PE, Robins GL & Mol JM. 2011. Sociotemporal regularities in organizational networks: An example in the context of project teams. Proceedings of the Academy of Management Annual Meeting. United States: Academy of Management.

Sargent L, Kavanagh M, Caspersz D, Chia A & Levak N. 2011. Student team virtuality: Examining student experiences and outcomes.

Proceedings of the 2011 Academy of Management Annual Meeting. United States: Academy of Management.

Singh PJ, Sethuraman K & Lam J. 2011. Does sustainability matter?

Impact of sustainability practices on firms’ financial performance.

Proceedings of the 2011 Academy of Management Annual Meeting. United States: Academy of Management.

Singh P & Power D. 2011. Knowledge based view of supply chain integration.

Proceedings of the 22nd Annual POMS Conference 2011. United States: POMS. Singh P, Power D & Singh A. 2011.

The capabilities trade-off debate in operations strategy: An initial assessment of the airline industry in Australia. Proceedings of the 18th EUROMA Conference. Cambridge, United Kingdom: EUROMA. Talaulicar T, Judge W, Bell RG, Zattoni A, Witt MA & Hu W. 2011.

An upper echelons perspective of organizational capacity for change: An international study of initial public offerings. Proceedings of the 31st Strategic Management Society Annual International Conference. United States: Strategic Management Society.

Van Der Vaart T, Power D & Van Donk DP. 2011. Supply chain integration under uncertainty: The role of asset specific investment with suppliers.

Proceedings of the 18th EUROMA Conference. Cambridge, United Kingdom: EUROMA.

Vredenburg J. 2011. The new frontier in boundary spanning roles – improvisation as a tool to manage role stress. Proceedings of the 15th Biennial World Marketing Congress.

The Customer is NOT Always Right?

Marketing Orientations in a Dynamic Business World. 793–796. France: World Marketing Congress.

Watson R, Power D & Samson D. 2011. Lean – how much is enough?

Proceedings of the 22nd Annual POMS Conference 2011. United States: POMS. Yamao S. 2011. Perceived trustworthiness and inter-personal knowledge sharing within multinational corporations. Proceedings of the Academy of Management 2011 Meeting. United States: Academy of Management.

Melbourne Institute Authored research books Burkhauser RV & Daly MC. 2011. The declining work and welfare of people with disabilities: What went wrong and a strategy for change. Philadelphia, United States: Rowman & Littlefield.

Garnaut RG. 2011. The Garnaut Review 2011: Australia in the Global Response to Climate Change.

Melbourne, Australia: Cambridge University Press.

Textbooks Griffiths WE, Hill RC, Lim GC, Cho Y & Wong S. 2011. Instructor’s Manual for Principles of Econometrics, Fourth Edition. United States: John Wiley & Sons.

Hill R, Griffiths WE & Lim GC. 2011.

Principles of Econometrics. United States: John Wiley & Sons.

Research book chapters Chua CL & Claus E. 2011. Consumer Sentiment in Australia. In Newton PW (ed), Urban Consumption. Australia: CSIRO Publications, pp. 81–92.

Garnaut RG. 2011. Making the international system work for the platinum age of Asian growth.

In Armstrong S & Thanh V (eds), International Institutions and Asian Development. New York, United States: Routledge, pp. 25–48.

Annual Report 2011 Outlook 2012 47

Headey B & Grabka M. 2011. Health correlates of pet ownership: national surveys. In Mccardle P, Mccune S, Griffin JA & Maholmes V (eds), How Animals Effect Us. Washington DC, United States: American Psychological Association, pp. 153–162.

Wilkins R & Wooden M. 2011.

Economic Approaches to Studying Underemployment. In Maynard DC & Feldman DC (eds), Underemployment: Psychological, Economic, and Social Challenges. New York, United States: Springer, pp. 13–34.

Refereed Journal articles Azpitarte F. 2011. Can corruption constrain the size of governments?

European Journal of Law and economics. 32 (1) : 1–14.

Azpitarte F. 2011. Measurement and identification of asset-poor households: a cross-national comparison between Spain and the United Kingdom. Journal of Economic Inequality. 9 (1) : 87–110.

Bauer V, Cobb-Clark DA, Hildebrand V & Sinning M. 2011. A comparative analysis of the nativity wealth gap.

Economic Inquiry. 49 (4) : 989–1007.

Baum CF, Schaffer ME & Stillman S. 2011. Using stata for applied research: Reviewing its capabilities. Journal of Economic Surveys. 25 (2) : 380–394.

Black D, Tseng Y & Wilkins R. 2011. Do changes in demographic characteristics explain declining male employment rates? Examination of the Australian case using a propensity score re-weighting decomposition approach. Applied Economics. 43 (28) : 4215–4226.

Borland J & Tseng Y. 2011. A primer on doing evaluation of social programs. Parity. 27 (7) : 8–10.

Borland J & Tseng Y. 2011. Does ‘Work for the Dole’ work? An Australian perspective on work experience programmes. Applied Economics. 43 (28) : 4353–4368.

Buddelmeyer H & Wilkins R. 2011.

Effects of tightening smoking regulations on take-up and cessation of smoking. Australian Economic Review. 44 (2) : 167–181.

Buddelmeyer H & Wooden M. 2011.

Transitions out of casual employment: The Australian experience. Industrial Relations. 50 (1) : 109–130.

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Cai L & Liu AYC. 2011. Public-private sector wage gap in Australia: Variation along the distribution. British Journal of Industrial Relations. 49 (2) : 362–390.

Cai L & Waddoups CJ. 2011. Union wage effects in Australia: Evidence from panel data. British Journal of Industrial Relations. 49 (s2) : s279– s305.

Chua CL, Kim D & Suardi S. 2011. Are empirical measures of macroeconomic uncertainty alike? Journal of Economic Surveys. 25 (4) : 801–827.

Chua CL, Lim GC & Smith P. 2011.

Bayesian simulation approach to inference on a multi-state latent factor intensity model. Australian & New Zealand Journal of Statistics. 53 (2) : 179–195.

Chua CL, Palangkaraya A & Yong J. 2011. Hospital competition, technical efficiency and quality. The Economic Record. 87 (277) : 252–268.

Chua CL & Tsiaplias S. 2011.

Predicting economic contractions and expansions with the aid of professional forecasts. International Journal of Forecasting. 27 : 438–451.

Claus E. 2011. Seven leading indexes of New Zealand employment. The Economic Record. 87 (276) : 76–89.

Claus E & Claus I. 2011. The effects of taxation on migration: Some evidence for the ASEAN and the APEC countries. Asian Development Review: studies of Asian and Pacific economic issues. 28 (1) : 22–50.

Cobb-Clark DA & Hildebrand VA. 2011. Portfolio allocation in the face of a means-tested public pension.

Review of Income and Wealth. 57 (3) : 536–560.

Cobb-Clark DA & Sinning MG. 2011.

Neighborhood diversity and the appreciation of native- and immigrantowned homes. Regional Science and Urban Economics. 41 (3) : 214–226.

Cobb-Clark DA & Tan M. 2011.

Noncognitive skills, occupational attainment, and relative wages. Labour Economics. 18 (1) : 1–13.

Contoyannis P & Li J. 2011. The evolution of health outcomes from childhood to adolescence. Journal of Health Economics. 30 (1) : 11–32.

Creedy J, Herault N & Kalb G. 2011. Measuring welfare changes in behavioural microsimulation

modelling: Accounting for the random utility component. Journal of Applied Economics. 14 (1) : 5–34.

Creedy J, Herault N & Kalb G. 2011.

Tax policy design and the role of a tax-free threshold. Public Finance and Management. 11 (4) : 338–364.

Crichton S, Stillman S & Hyslop D. 2011. Returning to work from injury: Longitudinal evidence on employment and earnings. Industrial and Labor Relations Review. 64 (4) : 765–785.

Dearden L, Ryan C & Sibieta L. 2011.

What determines private school choice? A comparison between the United Kingdom and Australia.

Australian Economic Review. 44 (3) : 308–320.

Dixon R, Freebairn J & Lim GC. 2011.

Net flows in the US labor market, 1990–2010. Monthly Labor Review.

134 (2) : 25–32.

Drago R, Sawyer K, Shreffler KM, Warren D & Wooden M. 2011. Did Australia’s baby bonus increase fertility intentions and births? Population Research and Policy Review. 30 (3) : 381–397.

Frijters P, Haisken-Denew JP & Shields M. 2011. The increasingly mixed proportional hazard model: An application to socioeconomic status, health shocks, and mortality. Journal of Business and Economic Statistics.

29 (11) : 271–281.

Griffiths W, Jensen P & Webster E. 2011. What creates abnormal profits?

Scottish Journal of Political Economy.

58 (3) : 323–346.

Jensen P, Thomson RK & Yong J. 2011. Estimating the patent premium: Evidence from the Australian inventor survey. Strategic Management Journal. 32 (10) : 1128–1138.

Jensen P & Webster E. 2011.

Macroeconomic conditions and the determinants of commercialisation.

Cambridge Journal of Economics.

35 (1) : 125–143.

Jensen P & Webster E. 2011. The effects of patents on scientific inquiry.

Australian Economic Review. 44 (1) : 88–94.

Jeon S, Kalb G & Vu TH. 2011. The dynamics of welfare participation among women who experienced teenage motherhood in Australia.

The Economic Record. 87 (277) : 235–251.

Jones A & Schurer S. 2011. How does heterogeneity shape the socioeconomic gradient in health satisfaction? Journal of Applied Econometrics. 26 (4) : 549–579.

Palangkaraya A & Yong J. 2011. Trade liberalisation, exit, and output and employment adjustments of Australian manufacturing establishments. The World Economy. 34 (1) : 1–22.

Joyce CM, Schurer SS, Scott AS, Humphreys J & Kalb G. 2011.

Australian doctors’ satisfaction with their work: results from the MABEL longitudinal study of doctors. Medical Journal of Australia. 194 (1) : 30–33.

Parkinson S, Johnson G, Tseng Y, Kuehnle D & Wylie N. 2011. Evaluating J2SI: Linking the processes and outcomes of becoming housed. Parity.

24 (7) : 20–23.

Kalb G & Maani SA. 2011. The importance of observing early school leaving and usually unobserved background and peer characteristics in analysing academic performance.

Australian Journal of Labour Economics. 14 (3) : 307–332.

Kecmanovic M & Barrett G. 2011.

The gender wage gap during Serbia’s transition. Comparative Economic Studies. 53 : 695–720.

Leahy AE & Jensen P. 2011. Australia’s engagement with Asia, 1990–2010.

Australian Economic Review. 44 (4) : 418–426.

Lim GC, Chua CL, Claus E & Kim J. 2011. Review of the Australian economy 2010–11: Growth, Jobs and Debt. Australian Economic Review. 44 (1) : 1–12.

Marks G. 2011. Issues in the conceptualisation and measurement of socioeconomic background: Do different measures generate different conclusions? Social Indicators Research. 104 (2) : 225–251.

Mcgrail M, Humphreys J, Scott A, Joyce CM & Kalb G. 2011. Rural amenity and medical workforce shortage: Is there a relationship?

Geographical Research. 49 (2) : 192–202.

Mcvicar D. 2011. Estimates of peer effects in adolescent smoking across twenty-six European countries. Social Science & Medicine. 73 : 1186–1193.

O’Leary N & Sloane P. 2011. The wage premium for university education in Great Britain during a decade of change. Manchester School. 79 (4) : 740–764.

Palangkaraya A, Webster E & Jensen P. 2011. Misclassification between patent offices: Evidence from a matched sample of patent applications. The Review of Economics and Statistics. 93 (3) : 1063–1075.

Polanski A & Mcvicar D. 2011.

Recovering social networks from individual attributes. Journal of Mathematical Sociology. 35 (4) : 287–311.

Polidano C & Mavromaras K. 2011.

Participation in and completion of vocational education and training for people with a disability. Australian Economic Review. 44 (2) : 137–152.

Qian G, Li N & Huggins R. 2011.

Using capture-recapture data and hybrid Monte Carlo sampling to estimate an animal population affected by an environmental catastrophe.

Computational Statistics & Data Analysis. 55 (1) : 655–666.

Ryan C & Sibieta L. 2011. A comparison of private schooling in the United Kingdom and Australia.

Australian Economic Review. 44 (3) : 295–307.

Schonlau M, Watson SN & Kroh M. 2011. Household survey panel: How much do following rules affect sample size? Survey Research Methods. 5 (2) : 53–61.

Scott A, Jeon S, Joyce CM, Humphreys JS, Kalb G, Witt J & Leahy A. 2011. A randomised trial and economic evaluation of the effect of response mode on response rate, response bias, and item non-response in a survey of doctors. BMC Medical Research Methodology. 11 (126).

Scott A, Sivey P, Ait Ouakrim D, Willenberg L, Naccarella L, Furler J & Young D. 2011. The effect of financial incentives on the quality of health care provided by primary care physicians.

Cochrane Database of Systematic Reviews. November (9) : 1–59.

Stillman S. 2011. What happens to diet and child health when migration splits households? Evidence from a migration lottery program. Food Policy.

36 : 7–15.

Van De Ven JW. 2011. A structural dynamic microsimulation model of household savings and labour supply.

Economic Modelling. 28 : 2054–2070.

Van De Ven JW. 2011. Expenditure and disposable income trends of UK households: Evidence from microdata. National Institute Economic Review. 218 (1) : R44–R57.

Watson N & Starick R. 2011.

Evaluation of alternative income imputation methods for a longitudinal study. Journal of Official Statistics: an international quarterly. 27 (4) : 693–715.

Webster E & Jensen P. 2011. Do patents matter for commercialization?

The Journal of Law and Economics.

54 (2) : 431–453.

Williams RA. 2011. State and regional disparities before and after transfers.

Australian Economic Review. 44 (2) : 182–188.

Yan W, Cheng T, Scott A, Joyce M, Humphreys J, Kalb G & Leahy A. 2011. Medicine in Australia: Balancing Employment and Life (MABEL).

Australian Economic Review. 44 (1) : 102–112.

Unrefereed Journal articles Jensen P. 2011. Privatising science: Introduction. Australian Economic Review. 44 (1) : 64–65.

Journal articles (Unrefereed letters or notes) Cobb-Clark DA. 2011. The balancing act: Issues in the funding of public and private schools in Australia. Australian Economic Review. 44 (3) : 293–294.

Scutella R. 2011. Targeting investments in children: Fighting poverty when resources are limited,

by Levine, P & Zimmerman, D (eds), Review. The Economic Record. 87 (278) : 502–504.

Major reference works Summerfield M, Dunn R, Freidin S, Hahn M, Ittak P, Kecmanovic M, Li N, Macalalad N, Watson N, Wooden M & Wilkins R. 2011. HILDA User Manual – Release 10. HILDA User Manual – Release 10. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Annual Report 2011 Outlook 2012 49

Unrefereed Full written papers Wilkins R & Wooden M. 2011. Gender differences in rates of job dismissal: Why are men more likely to lose their jobs. Proceedings of the HILDA Survey Research Conference 2011.

Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Major reports and working papers Black D, Polidano C, Tabasso D & Tseng YP. 2011. Second chance education: Re-engagement in education of early school leavers.

Final Report, for DEEWR. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Johnson G, Parkinson S, Tseng Y & Kuehnle D. 2011. Long-term homelessness: Understanding the challenge – 12 months outcomes from the Journey to Social Inclusion pilot program. Victoria, Australia: City of Port Phillip.

Kassenboehmer SC & Schmidt C. 2011. Beyond GDP and beyond: What is the value-added by additional components of welfare measurement?

London, United Kingdom: Centre for Economic Policy Research.

Kuehnle DF & Scutella R. 2011.

Employment retention in the economic downturn. Final Report, for DEEWR. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Wilkins R, Warren D, Hahn M & Houng B. 2011. Families, incomes and jobs, Volume 6: A Statistical Report on Waves 1 to 8 of the Household, Income and Labour Dynamics in Australia (HILDA) Survey.

6. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Wooden M, Watson N, Li N, Wilkins R, Summerfield M, Dunn R, Ittak P, Freidin S, Katiforis A, Hicks A & Button J. 2011. Household, Income and Labour Dynamics in Australia (HILDA) Survey – Release 10.0. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Yan W, Cheng TC, Scott A, Kuehnle D, Jeon S, Sivey P & Leahy A. 2011.

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MABEL User Manual: Wave 2 Release.

Parkville, Australia: Melbourne Institute of Applied Economic and Social Research.

Minor reports and working papers Antecol H, Cobb-Clark DA & Helland E. 2011. Bias in the legal profession: Self-assessed versus statistical measures of discrimination.

Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Cheng TC. 2011. Measuring the effects of removing subsidies for private insurance on public expenditure for health care. Parkville, Australia: Melbourne Institute of Applied Economic and Social Research.

Cheng TC & Vahid. 2011. Demand for hospital care and private health insurance in a mixed public-private system: Empirical evidence using a simultaneous equation modeling approach. Parkville, Australia: Melbourne Institute of Applied Economic and Social Research.

Choi K, Tienda M, Cobb-Clark DA & Sinning M. 2011. Immigration and status exchange in Australia and the United States. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Chua CL, Suardi S & Tsiaplias S. 2011. Predicting short-term interest rates: Does Bayesian model averaging provide forecast improvement?

Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Cobb-Clark DA & Schurer S. 2011.

The stability of big-five personality traits. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Cobb-Clark DA & Schurer S. 2011.

Two economists’ musings on the stability of locus of control. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Cobb-Clark DA, Sinning M & Stillman S. 2011. Migrant youths’ educational achievement: The role of institutions.

Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Cobb-Clark DA & Tekin E. 2011.

Fathers and youth’s delinquent behavior. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Li J, Hurley, Decicca & Buckley.

2011. Physician response to payfor-performance: Evidence from a natural experiment. Cambridge, Massachusetts, United States: National Bureau of Economic Research.

Moschion J. 2011. The impact of fertility on mothers’ labour supply in Australia: Evidence from exogenous variation in family size. Parkville, Australia: Melbourne Institute of Applied Economic and Social Research.

Tabasso D. 2011. Temporary contract and monopsony power in the UK labour market. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Tabasso D. 2011. With or without you? Divorce rate and intra-household time allocation. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Watson N. 2011. Methodology for the HILDA top-up sample. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Watson N & Wilkins R. 2011.

Experimental change from paperbased interviewing to computerassisted interviewing in the HILDA Survey. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Watson N & Wooden M. 2011.

Re-engaging with survey nonrespondents: The BHPS, SOEP and HILDA Survey experience. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Wilkins R & Wooden M. 2011.

Measuring minimum award wage reliance in the HILDA Survey.

Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Engagement with business and community The Faculty of Business and Economics continues to build valued relationships with industry and the community through research partnerships, executive education, the Alumni Council, the Business and Economics Board and the Melbourne Foundation for Business and Economics.

Research partnerships Organisations collaborate with the Faculty to gain a competitive edge.

Our partners enjoy unparalleled opportunities for business success by gaining exclusive access to the talent, thought-leadership and world-class reputation of the Faculty.

Examples of our collaborations include: Westpac Melbourne Institute Index of Consumer Sentiment, the Centre for Accounting and Industry Partnerships (CAIP), the Global Proxy–Melbourne Institute Shareholder Confidence Index, the Early Years Education Program (EYEP), the Brotherhood of St Laurence–Melbourne Institute Social Exclusion Monitor and the PricewaterhouseCoopers Organisational Agility Study.

See the Departments section on page 21 and Research section on page 36 for more detail.

Leadership and learning A wide range of Executive Education programs are offered through the Graduate School of Business and Economics. These programs are specifically designed to meet the needs for ongoing professional development for leaders and managers. Working closely with industry, our specialised programs have been tailored to assist organisations develop, challenge and retain leaders. Executives from the corporate, government and notfor-profit sectors attend our open programs. See the Graduate School of Business and Economics section on page 14 for more information.

Alumni mentoring of current students Through the work of the Business and Economics Careers Centre, the Faculty engages with alumni at all career stages to provide a mentoring program for current students.

This program matches students with industry mentors who assist mentees to identify career goals and a professional development plan.

Close to 200 alumni volunteer their time to supporting students through a range of mentoring programs.

See the Global Engagement section on page 54 and Engagement with Students on page 52 for more detail.

Board, Foundation and Alumni Council The Faculty’s Business and Economics Board is made up of business leaders who bring their knowledge and expertise to provide curriculum development advice – connecting the Faculty directly with industry and the needs of business and the broader community. The Melbourne Foundation for Business and Economics facilitates access to the business community to ensure the Faculty has a diverse funding base for individual and corporate philanthropy. This support enables the Faculty to fulfill its commitment to widen participation, enhance students’ university experience and make possible a research agenda that seeks to address the issues facing our world.

The Faculty’s Alumni Council is made up of local and international alumni whose purpose is to work with the Faculty in maintaining a strong connection with alumni and industry. The council has designed a comprehensive and relevant program of benefits and services for alumni; to ensure direct involvement between alumni and current students; and to support the Faculty’s alumni giving goals.

See the Governance section on page 5 for more about the Faculty’s Business and Economics Board, and the Melbourne Foundation for Business and Economics.

Public lectures in 2011 The Faculty of Business and Economics’ Public Lecture program continues to engage with leading researchers and academics from all over the world and resulted in a number of very well attended lectures in 2011.

Department of Economics – Melbourne Institute Public Policy Lecture, 6 May ‘What have we learned from the Global Financial Crisis?’

Professor John Quiggin, University of Queensland Garnaut Climate Change Review, 16 June ‘Responding to climate change in our national interest.’

Professor Ross Garnaut AC, University of Melbourne Downing Lecture, 20 July ‘Empirical Evidence and Tax Reform: Lessons from the Mirrlees Review.’

Professor Richard Blundell, University College London Max Corden Lecture, 3 August ‘Natural Resources, Manufacturing and Trade: A Long-Run Perspective.’

Professor Ronald Findlay, Columbia University Miegunyah Lecture, 24 August ‘Optimal Inequality for Economic Growth, Stability, and Shared Prosperity.’

Professor Richard Freeman, Harvard University David Finch Lecture, 8 September ‘The Fragility of Incomplete Monetary Unions.’

Professor Paul De Grauwe, Univeristy of Leuven, Belgium Foenander Lecture, 18 October ‘Just a knowledge worker?

Academics, universities and industrial relations.’

Professor Margaret Gardner AO, RMIT

Annual Report 2011 Outlook 2012 51

Engagement with our students Students are encouraged to engage with the wider community through internships, case study competitions, consulting projects and participation in voluntary activities.

Career Mentoring Program The Business and Economics Career Mentoring Program is a significant step towards success for the students who are matched for 10 months with industry mentors according to their degree specialisation and professional areas of interest. The Career Mentors come from a wide range of professional fields in the private and public sectors, many of them University of Melbourne alumni.

These successful mentor–mentee relationships enable students to gain insights into specific industries and begin to develop personal and professional networks.

In 2010, the 162 mentors from large, medium and small organisations including Deloitte, National Australia Bank, ANZ, KPMG, J.P. Morgan Chase Bank Berhad, Australia Post, Transurban Group, Cubit Media Research, IBM, Telstra, DWS, Australian Government and the University of Melbourne made a difference in the life of 189 students.

In 2011, 182 mentees and 140 mentors participated in the Career Mentoring Program.

Mentors from organisations such as Deloitte, Accenture, Amcor, ANZ, PricewaterhouseCoopers, KPMG, Ernst & Young, J.P. Morgan Chase Bank Berhad, Siemens AG, BP Australia, Slade Partners, Pitcher Partners, IBM, Telstra, DWS, the University of Melbourne and many more, dedicated their time and knowledge to assist students with their transition from study to working life.

Work Integrated Learning (WIL) The value of out of classroom Work Integrated Learning (WIL) and participation is being recognised by both the University and employers who recruit our graduates, and WIL has developed significantly during the year. In 2011, the Business

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and Economics Careers Centre offered four types of WIL programs: Melbourne Business Practicum (MBP) – a for-credit subject; Volunteer Business Practicum – a not-for-credit team project offered intensively in July and February; Internships – paid, part-time experience during the year; and Volunteer opportunities – unpaid, part-time experiences predominantly with not-for-profit organisations.

All these engagements enabled more than 150 students to apply the knowledge they have acquired through their studies to real life situations to the benefit of the host organisation and their own professional skill development.

Host organisations included KPMG, Ernst & Young, ANZ, National Australia Bank, Royal Botanic Gardens, Committee For Melbourne, Committee for Ballarat, and Agribusiness Gippsland.

Business consulting The Department of Management and Marketing and the Commerce Student Centre continue to receive positive feedback from students and industry about the thirdyear capstone subject, Business Consulting.

Students work in teams of five to provide a consultancy for a client organisation. In Semester 1, 2011 student participation in the subject increased to 80 students, and in Semester 2 the subject grew again, with 100 students participating.

Students worked with a diverse range of client organisations across all sectors, ranging from large companies such as Adecco Group and Telstra, to not-forprofit organisations such as the Committee for Melbourne, Kildonan UnitingCare, Greenfleet, and a variety of Small and Medium Enterprises (SMEs) including the Taboo Group and MailGuard. In Semester 2, 2011 the subject incorporated start-up businesses for the first time.

University of Melbourne Students in Free Enterprise (SIFE) Students in Free Enterprise (SIFE) is a non-profit worldwide student organisation developing community projects to drive social change.

The University of Melbourne SIFE team was formed in 2001 and currently has 78 members from a range of academic backgrounds.

The team is dedicated to developing community projects to drive social change by strengthening communities in order to improve the lives of others. SIFE is a global network of over 42,000 students spanning 39 countries, who use classroom knowledge to address socio-economic problems within their communities.

In 2011, the University of Melbourne SIFE team’s achievements included: – SIFE Australia 2011 National Champions – the launch of ‘Street Stories’, a project that offered people a chance to see a different side of Melbourne by conducting walking tours led by people who have experienced homelessness. The project was selected to participate in the 2011 Melbourne Fringe Festival – a 40% increase in schools participating in the Think.Act. Green program.

Young alumni event at KPMG, October 2011

Student events Dean’s Awards The ceremony took place on Wednesday 11 May in the Basement Theatre of the Business and Economics Building and officially commenced with an opening address from Professor Margaret Abernethy, Dean of the Faculty of Business and Economics and Sydney Myer Chair of Commerce.

Recognising the achievements of the Faculty’s best and brightest students, the evening celebrated those who were on the Dean’s Honours List, which comprises the top 3% of students who have performed with exceptional academic distinction in Commerce.

The crowd of students, parents and friends were then treated to impassioned congratulatory address delivered by Professor Bruce Grundy, Head of the Department of Finance.

Future Leaders Forum The fifth Future Leaders Forum, sponsored by NAB Education and Community Business, was held on 29 July 2011. The forum was themed ‘Leadership in Action’ and speakers included CEO of Leo Burnett and star of ‘The Gruen Transfer’, Todd Sampson; Vice-Chancellor, Glyn Davis; CoPrincipal and Co-Founder of the

Pavilion School, Brendan Murray; Chairman of Tabcorp Holding Ltd, Paula Dwyer; Managing Director of Melbourne Victory, Richard Wilson; Founder and Board Member of the Australian Youth Climate Coalition, Amanda McKenzie; and Co-Founder of the Left Right Think Tank, Mr Rick Newnham. The forum aimed to provide students with practical perspectives on leadership, drawing on the experiences of leaders from a variety of fields – business, education, sports and the community sector.

2011 Valedictorians March 2011

Henry Williams, Bachelor of Commerce (Honours) Aug 2011

Robert Tilleard, Bachelor of Commerce/Bachelor of Arts Dec 2011

Michelle Yii, Bachelor of Commerce Stanley Wang, Bachelor of Commerce/Bachelor of Arts Andrew Sparks, Bachelor of Commerce Industry sponsors The Faculty is grateful to the following sponsors for their continued support through

generous contributions to student prizes and scholarships: ANZ Australian Finance Conference Aviva Australia Bain and Company Booz & Co Commercial Travellers’ Association CommInsure CPA Australia Department of Education, Employment & Workplace Relations Deloitte Actuaries & Consulting Department of Primary Industries Department of Treasury & Finance Deutsche Bank Economic Society of Australia Ernst & Young Financial Management Association of Australia Financial Services Institute of Australasia Flagstaff Partners Institute of Actuaries Australia KPMG Oracle Corporation Protiviti Sothertons Taylor Fry The Institute of Chartered Accountants in Australia Towers Watson

Annual Report 2011 Outlook 2012 53

Global engagement The Faculty of Business and Economics prides itself on its strong commitment to a global outlook in learning and teaching, research and knowledge transfer.

Building on the quality of its academic programs and learning facilities, and with the support of a strong alumni network, the Faculty maintained its commitment to recruiting high quality staff and students, and its active engagement with the business community and leading international business and economics schools. The Faculty offers a generous scholarship scheme that aims to recruit high achieving local and international students.

In 2011, there were 3,502 international students representing 52 nationalities studying across the range of programs offered by the Faculty.

Global student mobility An important part of the Faculty and University global engagement agenda is ensuring that our students have a genuinely international experience, both through the diversity of our cohort and through the opportunity to study at our partner institutions overseas.

The number of our students studying overseas on exchange has continued to increase and in 2011, 140 undergraduate students and 16 graduate students studied on exchange at more than 20 partner universities. In return, we welcomed 137 incoming undergraduate exchange students and 13 incoming graduate exchange students from our partner universities. In addition, we welcomed 83 incoming undergraduate study abroad students, as well as nine graduate students.

Although, in terms of numbers, the exchange program is the largest student mobility activity, the Faculty also offers its students additional global mobility opportunities.

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Study abroad In 2011, a number of our students, both undergraduate and graduate, undertook a period of study abroad at an overseas university.

Study abroad is independent of the exchange program and allows students to attend universities with whom Melbourne does not have a partnership agreement or to attend summer schools, where they can take a single subject (which is not possible through exchange) and receive credit towards their Melbourne degree.

Global Business Practicum In 2011, 78 masters-level students successfully completed the intensive Global Business Practicum (GBP) subject. The destinations were Singapore, Mumbai, Kuala Lumpur, and Shanghai. In each city, 20 students, led by an academic coordinator, were assigned in teams to a range of companies to undertake a 10-day consulting project.

Global Consulting Project After the success of a pilot program in 2010, a for-credit undergraduate subject, the Global Consulting Project, was offered for the first time in January 2011. This capstone subject is offered to Bachelor of Commerce students through the Department of Management and Marketing and the Commerce Student Centre. Students have the opportunity to complete an intensive team-based business project overseas for a real client.

Forty students were selected to travel to either Hong Kong or Bangkok. Participating client organisations included: the Ascott Group, Aziam Burson-Marsteller, MSIG Insurance, Standard Chartered Bank and Touchwood Investments in Bangkok; and BNY Mellon, Disney Movies, Leightons

Asia Ltd, Religare Capital Markets and DDB in Hong Kong. Dr Andre Sammartino accompanied the students in Bangkok and Dr Tine Koehler, in Hong Kong.

In July, the program expanded further to Shanghai and Ho Chi Minh City. Forty students selected for the program completed consulting projects for: Beton6 Corp, Bluescope Steel, Ernst & Young, HSBC and Maritime Bank in Ho Chi Minh City; and ANZ, Standard Chartered Bank, PHD and BNY Mellon in Shanghai. Dr Adam Barsky accompanied the students in Vietnam and Professor Simon Bell, in Shanghai.

The subject has been extremely popular with both students and companies and will continue to be offered in 2012.

International Case Competition Our BCom students achieved excellent results in international case competitions, with our team placing third at the prestigious McGill Management International Case Competition. Our students also competed in the University of Auckland’s Champions Trophy, Marshall International Case Competition Marshall School of Business, Los Angeles and the Copenhagen Business School Case Competition in Denmark.

Conferences and not-forcredit programs A small number of students who were selected to attend conferences and/or other not-for-credit programs at both partner and non-partner universities overseas received funding from the Faculty when the conference or program was relevant to their degree.

Exchange partner institutions The University has exchange programs with many institutions around the world. Students from these institutions can apply to study with the Faculty and our students can apply to study at these institutions.

Students of institutions not listed are also invited to apply for the Study Abroad program within the Faculty.

Austria University of Vienna

Colombia Universidad Los Andes

Brazil University of São Paulo#

Denmark University of Copenhagen

Canada HEC School of Management, Montréal* Laval University McGill University (U21) Queens University University of British Columbia (U21) (APRU) University of Toronto

Estonia University of Tartu

Chile Universidad Adolfo Ibañez* Pontificia Universidad Catolica Universidad de Chile (APRU) China Fudan University (U21) (APRU) Graduate University of the Chinese Academy of Science# Nanjing University (APRU) Peking University (APRU) Shantou University Tsinghua University (APRU) University of Hong Kong (U21) The University of Nottingham Ningbo, China (U21) University of Science and Technology of China (APRU) Nankai University Chinese Academy of Science (CAS)# Chinese Academy of Social Sciences# Chinese Center for Agricultural Trade Policy Analysis (CCATP)*# Czech Republic Charles University

Finland University of Helsinki France HEC School of Management, Paris* Institute of Political Studies, Paris (Sciences Po) Jean Moulin University – Lyon III Paris Diderot University – Paris VII Bordeaux I University, Science and Technology Michel de Montaigne University – Bordeaux III Victor Segalen University – Bordeaux II Montesquieu University – Bordeaux IV Germany Albert Ludwigs University of Freiburg Free University of Berlin Humboldt University Rupert Charles University of Heidelberg Technical University of Berlin Technical University of Munich Ludwig Maximilian University of Munich India Indian Institute of Science, Bangalore# Indian Institute of Management, Ahmadabad* Indian Institute of Management Calcutta*

Jawaharlal Nehru University (JNU)# Delhi University# Manipel University# Indonesia Gadjah Mada University# Universitas Indonesia# Ireland Trinity College Dublin University College, Dublin (U21) University College, Dublin (U21) – Quinn School of Business* Israel The Hebrew University of Jerusalem Italy Ca’ Foscari University of Venice ‘Luigi Bocconi’ University of Commerce* University of Bologna University of Siena University of Trento Universita Degli Studi di Padova# Universita Degli Studi di Ferrara# Japan Doshisha University Hitotsubashi University Keio University Kyoto University (APRU) Osaka City University# (APRU) Ritsumeikan University Sophia University Tokyo Institute of Technology Waseda University (U21) (APRU) Korea Sungkyunkwan University – SKKU School of Business*#

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Korea (South) Korea Advanced Institute of Science and Technology (KAIST) Korea University (U21) (APRU) Pohang University of Science and Technology (POSTECH) Seoul National University (APRU) Latvia University of Latvia Lithuania Vilnius University Malaysia University of Malaya (APRU) Mexico Institute of Technology and Higher Education of Monterrey – Tec de Monterrey (U21) (APRU): – Cuidad de México – Cuernavaca – Estado de México – Guadalajara – Monterrey – Querétaro – San Luis Potosi – Toluca The Netherlands Erasmus University of Rotterdam (School of Management)* Leiden University University of Amsterdam Amsterdam University College Tilburg University* New Zealand University of Auckland (U21) (APRU) Norway NHH – Norwegian School of Economics and Business Administration* University of Oslo Oman Sultan Qaboos University#

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Phillipines University of Phillipines# (APRU) Poland Jagiellonian University Singapore Nanyang Technological University National University of Singapore (U21) (APRU) Spain Autonomous University of Madrid Complutense University of Madrid# ESADE Business School, Ramon Llull University* Instituto de Empresa* University of Granada University of Salamanca Autonomous Sweden Lund University (U21) Uppsala University Taiwan National University of Taiwan (APRU) Thailand Chulalongkorn University (APRU) Thammasat Business School, Thammasat University*# Switzerland University of Geneva Swiss Federal Institute of Technology (ETH) Zurich United Kingdom Heriot–Watt University* Imperial College London# King’s College, University of London University of Bristol University of Edinburgh (U21) incl.

Edinburgh Business School University of Glasgow (U21) University of Manchester incl.

Manchester Business School University of Nottingham (U21) University of Birmingham (U21)

USA Barnard College Columbia University Boston College George Washington University New York University (Stern School of Business)* Pennsylvania State University University of California (APRU): – Berkeley – Davis – Irvine – Los Angeles – Merced – Riverside – San Diego – Santa Barbara – Santa Cruz University of Illinois at Urbana– Champaign University of North Carolina at Chapel Hill University of Pennsylvania Rutgers University University of Southern California (Marshall School of Business)* (APRU) University of Texas at Austin University of Connecticut (U21) University of Virginia (U21) University of Washington (APRU) Washington University in St Louis (Olin School of Business)* *These agreements are Faculty-level only. #These are Memorandum of Understanding (MOU) between institutions and do not include a Student Exchange Agreement (SEA). Students interested in studying at these institutions would do so as Study Abroad students and should contact the institution directly. (U21) denotes Universitas 21 Partner (APRU) denotes Association of Pacific Rim Universities Note: As this list is regularly updated you should check the partner list on the Melbourne Global Mobility for the most current information. See: www.mobility. unimelb.edu.au/outbound/exchange/ partners/index.html

Engagement with alumni The Business and Economics Alumni Council The Faculty’s first Business and Economics Alumni Council was established in late 2010 with the endorsement of the Business and Economics Board (B&E Board).

It is a 14-person council with two Co-Chairs and 12 members, including broad representation from the alumni community.

Three of the 12 members are international alumni based in Kuala Lumpur, Hong Kong and Shanghai – all regions with significant alumni communities. A further three members are elected to the council by an online ballot open to all Business and Economics alumni.

This will be conducted again when the initial two-year term of the inaugural council comes to an end in November 2012.

The Business and Economics Alumni Council works closely with the Faculty’s Advancement Unit in identifying key priority areas for development, outlined in more detail below.

The Business and Economics Alumni Council will act as the governing body of the Faculty’s alumni community, Business and Economics Alumni at Melbourne (or BEA@M). All alumni of the Faculty are automatically lifelong members of BEA@M. Purpose of the Alumni Council The role of the Alumni Council is to foster networks between alumni and to provide a direct line of communication between the alumni community and the Dean, the Business and Economics Board, and the Advancement Unit. Specifically, the Council will assist the Faculty to: – represent the views of the alumni community both in Australia throughout the region – engage in a more strategic way with alumni, the business community, government and the broader community

– foster alumni interest and goodwill in Faculty’s affairs by encouraging intellectual and emotional ties between alumni and the Faculty – raise the profile of the Faculty both in Australia and throughout the region – raise resources to support the Faculty.

Structure and governance The Alumni Council operates as an arm of the Business and Economics Board. Mr Chris Leptos, AM, and The Honourable Jim Short were appointed by the Dean and the B&E Board as the Co-Chairs of the inaugural council. Both Co-Chairs are members of the B&E Board.

Workstreams of the Alumni Council Over the course of 2011 the Business and Economics Alumni Council, together with the Faculty’s Advancement team, has been working closely together on all areas of alumni engagement through the following workstreams: – Programs and services – Cohort segmentation – Awards and recognition – Philanthropy.

Members of the Inaugural Business and Economics Alumni Council Co-Chairs

Mr Chris Leptos, AM BCom 1979. MBA 1990 The Honourable Jim Short BCom BA 1961 Members

Ms Joyce Au-Yeung BCom LLB 2003 Mr Angus Barker BCom (Hons) 1991. MPhil 1995

Ms Clare Cannon BCom 1981. MSc (New School) 1990 Ms Candida Costa-Wong BIntRel (PUC) 2003. MIB 2006 Ms Michelle Di Fabio BCom BIS 2006 Ms Gloria Goh (Malaysia) BCom (Hons) 1982 Mr Jonathan Elliot BCom LLB (Hons) 2006 Mr Dennis Lee BCom BIS 2004. MFin (HKU) 2006 Mr Edmond Lee (Hong Kong) BCom 1988 Ms Cate Pickett BCom 1991 Mr William Zhang (Shanghai) BCom 2003

Alumni of Distinction Awards This year saw the introduction of an important initiative of the Business and Economics Alumni Council, the Alumni of Distinction Awards.

These awards recognise alumni of the Faculty of Business and Economics, including the Graduate School of Business and Economics, for exceptional achievement and contribution to industry, academia, government and community.

Awards are made in four categories: Rising Star Award for Young Alumni; Contribution to Faculty or University Award; Lifetime Achievement Award; International Award.

Nomination for an award is open to all alumni of the Faculty, with candidates assessed against selection criteria and shortlisted by the Awards and Recognition workstream. Winners of each award category are determined by a confidential vote of the Alumni Council.

Ms Stephanie Barr BCom BA (Media and Comms) (Hons) 2007

Annual Report 2011 Outlook 2012 57

Mr Ross Cameron

Winners of the 2011 Alumni of Distinction Awards Mr Ross Cameron (BCom 1987. MBA 1991) – Outstanding contribution to Faculty/University Award Mr Simon McKeon (BCom 1976.

LLB 1978) – Lifetime Achievement Award

Outlook 2012 The Alumni Council has undertaken substantial research and consultation via the workstreams, with the Chair of each workstream presenting a final recommendation for 2012 activity to the Co-Chairs and the Dean. This includes a new suite of programs and services informed by the driving behaviours of alumni and focusing on needs across all ages and career stages, segmented into the following categories: – social reconnection – networking – career and professional development – lifelong learning – graduate education opportunities – volunteering and giving back.

Mr Simon McKeon

Faculty of Business and Economics Alumni events in 2011 Reunions Hong Kong Alumni Reunion Dinner. Keynote Speaker: Mark Chiba (BCom Hons 1987), Group Chairman, Longreach Group, 8 July.

40+ Reunion Luncheon. Keynote Speaker: Ms Elizabeth Alexander, AM (BCom 1964), Chancellor, The University of Melbourne, and Stephanie Lin, 2011 Commerce Alumni Leadership Scholarship recipient, 7 October.

Malaysia Alumni Reunion Dinner.

Keynote Speaker: Professor Margaret Abernethy, Dean, Faculty of Business and Economics, 10 November.

BCom 2006–2010 Young Alumni Reunion, 24 November.

Young alumni events Young Alumni networking event with GSBE students. Speakers: Jose Da Silva, President, Recall Australia/New Zealand and Sandy Hutchinson, Principal, Mercer Human Resource Consulting, 6 May. ‘Financial Markets Update’ @ Deutsche Bank. Speaker: Adam Boyton, Chief Economist – Australia, Deutsche Bank, 28 July.

58 Annual Report 2011 Outlook 2012

‘Meet the Entrepreneur’ @ Koko Black. Speaker: Duncan McLean (BCom Hons 2002), Managing Director of Way Funky Company and Co-Founder of the One Funky World Foundation. Sponsored by RSM Bird Cameron, 23 August.

‘The Business of Sport’ @ KPMG. Speaker: Anthony Di Pietro (BCom 1990), CEO, Premier Fruits Group and Chairman, Melbourne Victory Football Club, 27 October.

Discipline-specific alumni events UMAA (Actuarial Alumni) ‘Actuaries in Leadership’ Speaker Series in collaboration with the Institute of Actuaries of Australia @ Ernst & Young. Speaker: Meredith Brooks, Non-executive Director of Perpetual Ltd, 27 September.

HASS (Accounting Honours) endof-year dinner @ French Brasserie, 18 November.

Overseas alumni events Global Business Practicum Student – Alumni Dinner in Singapore, 12 January.

Global Business Practicum Student – Alumni Dinner in Mumbai, 12 January.

Global Consulting Project Alumni Dinner in Hong Kong, 12 January.

Global Consulting Project Alumni Dinner in Bangkok, 12 January.

Alumni reception in Bangkok, 11 March.

Global Business Practicum and Consulting Project Alumni Dinner in Shanghai, 6 July.

Global Consulting Project Alumni Dinner in Ho Chi Minh City, 6 July.

Global Business Practicum Alumni Reception in Kuala Lumpur, 6 July.

Alumni Seminar in Jakarta. Mr. Phillip Cobbin, Senior Lecturer in the Department of Accounting at the Faculty of Business and Economics, 10 August.

Alumni Seminar in Singapore.

Mr. Phillip Cobbin, Senior Lecturer in the Department of Accounting at the Faculty of Business and Economics, 10 August, 21 September.

Alumni Master Class Series ‘Maslow is dead: Developing evidence-based approaches to motivating and managing work performance’, co-presented

by Associate Professor Leisa Sargent, Associate Professor of Organisational Behaviour, Faculty of Business and Economics and Nicola Brazil, Asia–Pacific Leader, Executive Assessment Services, Spencer Stuart @ The Age, 14 September.

‘Fraud and Corporate Governance’, co-presented by Professor Colin Ferguson, Professor of Business Information Systems, Faculty of Business and Economics and Dean Newlan (BCom 1978), Partner, McGrathNicol Forensic @ The Age, 21 September.

Special events Launch of The Melbourne Foundation for Business and Economics, Wilson Hall, 15 March.

‘Alumni Conversation’ with Mike Hirst (BCom 1978), 28 July.

Dean’s Christmas Lunch. Speaker: Joshua Wren, 2011 recipient of the Commerce Opportunity Bursary, 29 November.

Prominent graduates Since the Faculty of Business and Economics was first created in 1924, more than 40,000 students have graduated at the undergraduate and graduate level. The careers, achievements and contribution of Business and Economics alumni span the corporate, academic, government and not-for-profit sectors both in Australia and internationally. The list of prominent alumni and leaders in their field is too long to include in its entirety here.

The list below details alumni who have received awards in 2011.

Appointments to the Order of Australia 2011 Mr Colin A Brick, OAM (BCom 1977). For service to the community of Boolarra.

Mr John C Coulson, OAM, RFD (BCom 1962). For service to the community, particularly through the Army Reserve and ex-service organisations.

Dr Gordon J de Brouwer, PSM (BCom 1986. MCom 1991). For outstanding public service in the development of international economic policy, particularly in the formulation of the Australian Government’s agenda to establish the G20 as the pre-eminent global economic forum.

Mr Alastair F Lucas, AM (BCom 1973). For service to medical administration, particularly through the Macfarlane Burnet Institute for Medical Research, to the financial sector, and to environmental organisations.

Mr Edward W O’Toole, OAM (BCom 1956). For service to the community of Whitehorse through social welfare and service organisations.

Professor Susan Richardson, AM (BCom Hons 1969). For service to the social sciences, particularly in the field of labour market economics as an academic and researcher, and through contributions to the development of socially inclusive public policy.

The Hon Ralph Willis, AO (BCom 1959). For distinguished service to the Parliament of Australia, particularly in the areas of economic development and industrial relations, to the superannuation industry, and to the community.

Professor Rupert D Maclean, AO (BCom 1969). For distinguished service to technical and vocational education, particularly through the United Nations Educational, Scientific and Cultural Organisation.

Dr Peter W Yates, AM (BCom 1982). For service to education, to the financial services industry through the development of the Australian Financial Management Association of Australia, and to a range of arts, science and charitable organisations.

2011 Australian of the Year Mr Simon McKeon (BCom 1976.

LLB 1978). For his support of Australian charities and his efforts encouraging the corporate world to engage with and help the developing world.

2011 Industry Awards Mr Anthony P Stevens (BCom 1999. BIS 2000. MComLaw 2005). AFR Boss Magazine Young Executive of the Year.

Mr Terry C McCredden (BCom Hons 1977). Fund Executives Association Ltd (FEAL) – AMP Capital Fund Executive of the Year.

Annual Report 2011 Outlook 2012 59

Thank you to our donors The Faculty of Business and Economics would like to gratefully acknowledge the support of the following donors to the Faculty in 2011. We also received donations from 36 donors who prefer to remain anonymous.

Chancellor’s Circle The Chancellor’s Circle is the University’s community of generous benefactors who demonstrate leadership and commitment to the University of Melbourne through annual gifts of $1,000 or greater.

Professor Margaret A Abernethy Ms Carolyn Anderson Mr Duncan G Andrews Ms Jannifer Andrews Mr Ross E Barker Mr Angus J R Barker Neville & Diana Bertalli Mr Robin M Bishop Mr Trevor N Bradley Mr Anthony R Burgess Mr Michael S Burn Mr David S Burnet Mr Terrence A Campbell, AO Mrs Christine J Campbell Ms Clare V Cannon Mr Andrew M Cannon Colin and Angie Carter Mr Jason A M Cheng His Excellency The Hon Alex Chernov, AO, QC

Dr Kia Ngee Chew Ms Chi Oi Meng Esmond L G Choo Mr John S Collingwood Professor Glyn C Davis, AC Ms Suzanne R Dixon Mr Franz J Doos and Mrs Patricia Doos Ms Jennifer A Douglas Ms Andrea M Douglas Mrs Eleanor Douglas Mr Craig M Drummond Ms Kaye M Fletcher Mr Elmer Funke Kupper Mr Gan Tee Kian Mrs Alexandra J Grimwade Fred & Alexandra Grimwade Mr Edward C Hauser, OBE Mr Dean R Ireland Prof Emeritus The Hon Joseph E Isaac, AO Mr Christian W Johnston Mr Mark A Joiner Mr William Jones Ms Siew Kong John and Jenny Leaper Mr Edmond K Lee

Guilherme Benevides, Graduate Merit Scholarship

60 Annual Report 2011 Outlook 2012

Chris Leptos, AM & Julia Trafford Mrs Leanne Loh Professor Bryan Lukas Mr Hugh M Morgan, AC Rupert & Annabel Myer Ms Sarah Quek Wei Ting Mr Ian Saines Mr Peter D Scanlon Mr Peter Scott Ms Anna Scott Mr John L Soper Mr R L Stanton Mr Kevin M Stevenson Ms Julia E Trafford Howard Welsh Mr Paul L Wheelton, OAM Professor Philip Williams Dr Lynne S Williams Professor Ross A Williams, AM David Wong Mr Yu T Wong Professor Emeritus Ken Wright Miss Henrietta Yap Mr Peter W Yates, AM Mr Harrison Young Ms Brooke Young Mr Simon J Yuncken

Shuang Xing, First in the Family Scholarship

Thank you to all donors to the Faculty of Business and Economics Ms Jo M Agnew Ms Elizabeth A Alexander, AM Boyne Alley Mr Charles M Amalfi Mr Thindika R Amarasekara Mr Campbell D Andrews Mr Ang Shin Khoon Mr Richard W Armstrong Mr Justin R Arter Mr John D Balmford Mrs Dagnija Balmford Ms Stephanie L Barr Mr William T Baylis Dr Simon J Bell Ms Renata Bermarde Mr Bruce Bray Mrs Liz Bray Mr David Brooks Mr Malcolm W Broomhead Ms Fiona J Brown Emeritus Professor Maureen Brunt, AO Mr Graeme L Bryce Mr David Buckingham Mr Frank L Burns Mrs Nancy J Burns Mr Matthew Caddy Mr Ross A Cameron Mr Lou Capparelli Mr Alex Cartel Mr Boyd Carter Mrs Rose-Mary J Cassin Mr John R Chanter Mr Teck Soon Chew Kathryn Chiha Mr Ivan N Clyne Professor Deborah Cobb-Clark Mr Jonathan R Cosgrove Mr Ian Curry Ms Michelle D Di Fabio Ms Mandy Dimasi Mr Anthony D Dimasi Mr Timothy K Dixon Mrs Alice Y Dobes Alice and Leo Dobes Mr Gregory J Doyle

Mr Alan T Dunn Mr Jonathan R Elliot E R Forrest Mr Baden C Furphy Mr James A Gatehouse Mr Glen M Gersch Mr Philip E Giltinan Mr Timothy D Greene Mr Ronald J Griffin Professor Bruce Grundy Mr Max Hagger Mr Andrew J Hancock Professor Anne-Wil Harzing Mrs Mary C Hawkes Mrs Judith H Hindle Mr Geoffrey R Hindle Mr Ho Yew Pun Bryan & Joan Hoy Rosemary Hume (nee Johnson) Mr Marc Huninik Kim Huey Hwang Mr Bhuchong Jansubbakich Mrs Sansanee Jansubbakich Mr Trevor L Jones Mr Larry Kamener The Hon Rod Kemp Professor Paul Kofman Ms Sianny Kuswanto Mr Andrew G Lane Mr Barrie E Laws Mrs Barbara Lennie Mr Doug S Lennie Mrs Sheila M Loudon Mr Gilbert W Loughman Professor John D Lyon Mrs Maria Makris K C Mawson, OAM Mr John L McInnes, OAM Ms Michelle E McLean Mr John M McMahon Mr Ankit Mehta Mr Gordon J Milne Mr Kenneth J Moncrieff Mr Peter Monkhouse Dr Philip A Morgan Mr Andrew E Morse Mr Bruce L Murray Mr Dennis C Myler Mr Peter S Nash

Mr James Neville-Smith Mr Richard Neville-Smith Mr Cheng Xun Ng Mr Philip M Norman Mr James H Nott Professor Nilss Olekalns Mr Tom Orange Mr Edwin J Parker Mr Neil C Pathak Professor Emeritus James O Perkins Ms Vi L Peterson Mr Joseph T Prowse Mr Emile Rochman IBISWorld Mr Derek Sawer Mr Pieter C Scheffers Mr David Senior Professor Graham Sewell The Hon Jim Short Mr Maurice Smith Mr Solomon H Solomon Professor Nasser A Spear Mr Barry J Stagoll Mr Selby K Steele, AM Mr Bert Tan Ms Lee Ping Tan Mr Craig A Thompson Mr Michael Thornton Mr Alan G Topp Mr William J Traill Miss Lisa Tripodi Gloria Bellion Ms Anne L Warren Ms Shelley M Watson Mr Geoffrey C Webster Helen & John Wedd Mr Bruce C Weeden Mrs Janet B West, AM Professor Gregory J Whitwell Ms Kerry-Leigh Willcock Mr Edward Winter Mr Perk Chong Wong Mr Vincent Wong Alan S L Wong Mr Clive H Worrall Mr Alex Yakovlev Ms Brooke M Young Mr Nick Zisis

Annual Report 2011 Outlook 2012 61

Academic and departmental staff Dean, Deputy Deans and Associate Deans Dean, Faculty of Business and Economics, Professor Margaret Abernethy Deputy Dean (Faculty), Professor Paul Kofman Assistant Dean, Associate Professor Carol Johnston Deputy Dean and Director, Graduate School of Business and Economics, Professor Greg Whitwell Associate Dean (Global Engagement), Professor Nasser Spear Associate Dean (Research), Professor Anne-Wil Harzing

Department of Accounting Academic and research staff Head of Department and Fitzgerald Chair of Accounting Lyon, John: BCom (Hons) UQ. MFM UQ. PhD Ohio.

Research interests: Empirical methods in accounting and finance, earnings announcements and the pricing of audits.

Dean of Business and Economics and Professor of Managerial Accounting Abernethy, Margaret: BEc LaTrobe.

PhD LaTrobe.

Research interests: Strategy and design of control systems, management control in hospitals, costing and performance measurement system design.

G.L. Wood Professor of Accounting Spear, Nasser: BEc Syria. MSc N Texas.

PhD N Texas.

Research interests: Capital markets based research, international financial reporting, contracting research, initial public offerings, security valuation, accounting for extractive industries.

Professor of Business Information Systems Ferguson, Colin: BBus Swinburne. MEc Deakin. NE PhD Deakin. GDipComp Deakin. CA, FCPA, MACS. Research interests: accounting information systems, business forensics, economics of auditing and auditor behaviour, fraud and corporate governance.

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Professor of Management Accounting Lillis, Anne: BCom Melb. MCom Melb.

PhD Melb.

Research interests: Management control systems design, strategy and performance management, evaluating strategic capital expenditures, corporate downsizing, cost management.

Professor of Accounting Clinch, Greg: BEc (Hons) Monash.

MEc Monash. PhD Stanford.

Research interests: Financial accounting, accounting information in capital markets.

Associate Professors Coram, Paul: BEc Flinders. MAcc UWA. PhD ANU. GDipEd Adelaide.

Research interests: Audit quality, behavioural research in assurance and financial accounting, accounting education.

Davern, Michael: BCom (Hons) UTAS. PhD Minnesota.

Research interests: Managerial decision making and support, business value of IT, behavioural/business process perspectives in information systems, enterprise and operational risk management.

Dowling, Carlin: BCom (Hons) UTAS. PhD Melb.

Research interests: Audit support systems, audit technology use, audit firm control and regulation, production of audit services, operational risk management.

Grafton, Jennifer: BCom (Hons) Melb.

PhD Melb. CA. Research interests: Management control system design and use in the not-for-profit sector, design and control of interorganisational networks, performance management and research methods.

Pinnuck, Matthew: BCom (Hons) Melb.

PhD Melb.

Research interests: Financial accounting, behaviour of fund managers.

Potter, Brad: BCom (Hons) Deakin.

PhD Deakin. CPA. Research interests: Financial accounting, accounting for public sector entities, the development of financial reporting regulations, water accounting.

Senior Lecturers Cobbin, Phillip: BBus RMIT. MCom (Hons) Melb. BEd Melb. MEd Melb.

PhD Melb. DipEd SCVic. Research interests: History of the accounting and auditing particularly where they intersect with contemporary military history from late-Victorian times to the present, market for audit services.

Huelsbeck, David: BS (CompSci) New Mexico. MBA Seattle. PhD USC. Research interests: The value of accounting information to managers for control and contracting.

Parkes, Alison: BCom W’gong. MBS (Info Sys) (Hons) Massey. PhD Melb.

Research interests: Data quality, accounting information systems, contextual information systems design.

Teo, Eu-Jin: BCom LLB Melb.

GCertHigherEd Mon. FTIA. Research interests: Current legal issues, accounting and the law, taxation law, commercial law, government law.

Zhang, Yunyan: BA Nankai. MA Nankai.

MA Toledo. MBA Ohio. PhD Ohio.

Research interests: Disclosure and financial accounting reporting, economic consequence of accounting choices, debt contracting.

Lecturers Chen, Richard: BA (Accounting) Nanjing. PhD Nanyang.

Research interests: Accounting information and regulatory structures in emerging markets, financial accounting and reporting issues, corporate finance and corporate governance, earnings quality and disclosure.

Hronsky, Jane: BBus Curtin. MCom (Hons) Curtin. PGDipBus Curtin. CPA. Research interests: Audit judgement, communication issues in financial and audit reporting, accounting and assurance for climate change.

Lee, Richard: BEc Monash. DipEd SCVic. CPA. Research interests: Financial reporting, accounting policy choice, executive compensation, accounting education.

Nair, Sujay: BCom (Hons) Melb. CA, CFA. Research interests: Performance management and incentive systems.

Soltys, Sharon: BBus (Acc) RMIT. Research interests: Capital expenditure decision making, development and implementation of cost accounting and performance management systems in the oil and gas industry, oil and gas accounting, management control system design.

Vesty, Gillian: BBusAcc VU. MBus VU. PhD Melb. RN Div1.

Research interests: Actor-network theory, management accounting.

Wallace, Sandra-Lee: BBus UQ. MFM UQ. PhD UQ. Research interests: Contingency theory, cost accounting system design, customer investment.

Wu, Gang (Henry): BCom Peking.

PhD Melb.

Research interests: Auditing, behavioural accounting, corporate governance, management accounting.

Yuan, Qingbo: BA(Acc) HUT. MA(Acc) Xiamen. PhD CU Hong Kong.

Research interests: Corporate governance, corporate finance, accounting quality, corporate disclosure, international accounting.

Senior Teaching Fellows Brooks, Albie: BCom Melb. MBus Victoria. PhD Victoria. DipEd Melb.

Williams, John: MSc Wales. MBA Wales.

PhD Wales.

Teaching Fellows Boys, Noel: BBus RMIT. GDipEd Hawthorn. GDipEd (Student Welfare) Melb.

Cusack, Greg: BBus (Acc) RMIT. DipT RMIT. CPA. Dyki, Matt: MBus (E-Bus) UniSA. GradCert (Acc) UniSA. GradDipCom UniSA. Hinchliffe, Sarah: LLB Monash.

LLM UNE. Kaur, Jagjit: MEc Macquarie.

PhD Deakin.

McKeown, Warren: BEc Monash. BEd Deakin. MBus RMIT. DipEd Monash.

CA, CFP. Tonkin, Trevor: BBus(Acc) Bendigo CAE. MComLaw Deakin. CPA. GDipEd LaTrobe.

Senior Tutors Fedai, Adam: BCom Melb.

Hoggan, Michelle: BCom Melb.

Hosri, Paul: BCom Melb.

Lombardi, Brett: BCom Melb.

Marget, Daniel: BCom Melb.

Quek, Sarah: BCom Melb.

Robinson, Matthew: BCom Melb.

Sakr, Joseph: BCom Melb.

Stewart, Anthony: BCom Melb.

Tong, Jun Wei: BCom Melb.

Kimmitt, Annette: BBus Monash. FCA.

Williams, Andrew: BCom Melb.

Newlan, Dean: BCom Melb. MCorpLaw RMIT.

Tutor in Charge Linggo Liong, Joana: BCom Melb.

Honorary appointments Professors Emeritus Nicol, Robert Edward George: BEc Sydney. MBA Calif. PhD Calif.

FAPA, MCT. Wright, Kenneth: BMetE Melb. DCom Melb. FASA, FASSA, FAIM.

Professorial Fellows Anderson, Shannon: BSE Princeton.

MA Harvard. PhD Harvard.

Research interests: Cost management, performance measurement, design of cost systems and management control systems, management control of strategic alliances and supply chain relationships.

Bouwens, Johannes: MSc (Eco) Tilburg.

PhD Tilburg.

Research interests: Management and financial accounting, performance measurement system design.

Dekker, Henri: MSc VU. PhD VU. Research interests: Accounting and control in interfirm relationships, strategy and management control, performance measurement, goal setting and incentive compensation.

Leech, Stewart: BCom Melb. MEc UTAS. FCA, FCPA, MACS, PCP. Research interests: Accounting information systems, decision making in corporate recovery, intelligent decision aids, enterprise resource planning systems.

Skinner, Douglas: BEc Macquarie.

MS Rochester. PhD Rochester.

Research interests: Corporate financial policy, financial reporting and disclosure policies.

Principal Fellows Burrows, Geoffrey Herbert: MCom Melb.

DipEd Melb. FCPA. Senior Fellows Alfredson, Keith: BCom UQ. AAUQ, FAICD, FCA, FCPA, FNIA. Fellows Burghardt, Gunther: BBusAdmin (Fin&Acc) (Hons) Wilfrid Laurier.

Downes, Judith: BA (Hons) Monash.

DipEd Monash. GradDip (Acc) Monash.

FCA, FCPA.

North, Scott: BCom Melb. MBIT Melb.

Stevenson, Kevin: BCom Melb.

MBA Melb.

Professional staff Doumbia, Aminata Academic Services Officer Haddad, Leonie Administrative Officer Korn, Rosalynn Front Office Administrator McMahon, Julee Executive Assistant to the Head of Department/Centre Administrative Coordinator McNamara, Kerry Front Office Administrator Mason, Cathy: BA (Hons) UQ. (Acting) Department Services Manager Mitchell, Steven: BA (Hons) Melb.

DipML Melb. GDipEd Melb.

(Acting) Manager, Academic Services Perry, Jen: BA (Hons) Monash.

Academic Services Officer

Department of Economics Academic and research staff Head of Department and Professor of Economics Olekalns, Nilss: BEc (Hons) Adelaide.

MEc ANU. MA West Ontario. PhD LaTrobe.

Research interests: Macroeconomics, applied econometrics.

Professors of Economics Bardsley, Peter: BSc (Hons) ANU. PhD Durh.

Research interests: Economic theory, mathematical economics, game theory, information and strategic behaviour, organisational design and theory of the firm, theoretical finance.

Borland, Jeffrey: MA Melb. PhD Yale.

FASSA. Research interests: Operation of labour markets in Australia, program and policy design and evaluation, applied microeconomics (economics of sports), Australian economic history.

Dixon, Robert: BEc (Hons) Monash.

PhD Kent.

Research interests: Macroeconomics, industrial economics, Marxian economics, regional economics.

Annual Report 2011 Outlook 2012 63

King, Ian: BA (Hons) Concordia.

MA Queens. PhD Queens.

Research interests: Macroeconomics, applied theory, search, money, unemployment, life expectancy, growth, language acquisition.

McCalman, Phillip: BCom (Hons) Wisconsin. MCom (Hons) Wisconsin.

PhD Wisconsin.

Research interests: International trade.

McDonald, Ian: BA (Hons) Leic.

MA Warw. PhD SFraser. FASSA. Research interests: Behavioural economics and macroeconomics.

Mezzetti, Claudio: DPhil Oxf. Research interests: Microeconomic theory, mechanism design, game theory, industrial organisation and law and economics.

Paarsch, Harry: BA (Hons) Queens.

MS Stanford. PhD Stanford.

Research interests: Forestry economics, empirical models of auctions, applied econometrics, industrial organisation and labour economics, numerical methods.

Shields, Michael: BA (Hons) Staffs.

MScHealthEc York. PhD Leic.

Research interests: Health economics, economics of happiness, labour economics, applied microeconometrics.

Ritchie Chair of Economics Freebairn, John: MAgrEc NE. PhD Davis.

FASSA. Research interests: Taxation reform, labour economics, natural resource economics.

Truby Williams Professor of Economics Creedy, John: BSc Brist. BPhil Oxf. FASSA. Research interests: Income distribution, public economics, labour economics, history of economic analysis.

Professors of Econometrics Griffiths, William: BAgEc (Hons) UNE. PhD Illinois. FASSA. Research interests: Applied Bayesian econometrics.

Martin, Vance: BEc (Hons) Monash.

MEc Monash. PhD Monash.

Research interests: Econometrics, time series analysis, monetary economics, macroeconomics.

Professorial Fellows Garnaut, Ross, AO: BA ANU. PhD ANU. Doctor of Letters ANU. FASSA.

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Research interests: International economics, economic development (especially in Asia), climate change, resource economics.

Raimondo, Roberto: Laurea Milan PhD (Math) SUNY. PhD Calif.

Research interests: Economic theory, financial economics.

Ours, Van Jan: MSc Delft. MSc Erasmus. PhD Erasmus.

Research interests: Health economics, labour economics.

Shields, Kalvinder: BA (Hons) R’dg.

MA R’dg. PhD Leic.

Research interests: Applied macroeconomic modelling with particular interests in the use of real time data, survey-based expectations in macro-economic models, business cycles, nowcasting and forecasting.

Readers/Associate Professors Edmond, Chris: BA UQ. BEc UQ. MA UCLA. PhD UCLA. Research interests: Economic fluctuations and growth, monetary economics, financial economics.

Harris, David: BEc (Hons) JCU. PhD Monash.

Research interests: Time series analysis.

Henry, Olan: BA (Hons) Dub. MA R’dg. PhD R’dg.

Research interests: Econometric modelling and forecasting of asset market volatility, term structure modelling, the inflation hedging characteristics of property and property serviced in the UK. Hillberry, Russell: BS Minnesota.

PhD Indiana.

Research interests: Economic geography, international trade.

Hirschberg, Joseph: BA Miami. MA UC Riverside. PhD USC. Research interests: Microeconometric techniques, productivity measurement, evaluation of tertiary education, measuring anticompetitive behaviour, demand analysis.

Lye, Jeanette: MA Cant Univ. PhD Cant Univ.

Research interests: Non-normal distributions, applications of multimodality, modelling of exchange rates, theory and application of non linear models, general applied econometrics.

MacLaren, Donald: BSc (Agr) (Hons) Aberd. MS Cornell. PhD Cornell.

Research interests: Agricultural trade policy and the World Trade Organization, state trading enterprises, preferential trading agreements, measures of trade restrictiveness.

Norman, Neville: BCom (Hons) Melb.

MA Melb. PhD Camb.

Research interests: Industrial pricing as influenced by tariffs, exchange rates and world price movements, postkeynesian industrial and international economics, trade practices economic issues and the economics of e-commerce.

Skeels, Christopher: BEc (Hons) Monash. PhD Monash.

Research interests: Econometric theory.

Williams, Jenny: BEc ANU. MEc Rice.

PhD Rice.

Research interests: Microeconometrics, health economics.

Senior Lecturers Coelli, Michael: BCom (Hons) UNSW. MA British Columbia. PhD British Columbia.

Research interests: Labour economics, applied microeconometrics, public economics, economics of education.

De Fontenay, Catherine: BA (Hons) McGill. PhD Stanford.

Research interests: Development economics, industrial organisation, theoretical and empirical bargaining theory.

Erkal, Nisvan: BA Macalester. MA Maryland. PhD Maryland.

Research interests: Industrial organisation, microeconomic theory.

Hodler, Roland: MA Bern. PhD Bern.

Research interests: Economic development, political economy, international economics.

Jacobi, Liana: MA Washington. PhD Washington.

Research interests: Econometrics, Bayesian inference, health and labour economics.

Loertscher, Simon: MA Bern. PhD Bern.

Research interests: Industrial organisation, mechanism design, political economy.

Nikiforakis, Nikos: BA (Bus) Athens.

MA Lond. PhD Lond.

Research interests: Experimental economics, behavioural economics, industrial organisation, public economics, game theory.

Smith, Rhonda: BCom (Hons).

MA (Hons). DCom. Research interests: Economics of trade practices, economic policy towards industry.

Lecturers and Research Fellows Ahsan, Reshad: BA Macalester. PhD Syracuse.

Research interests: international trade, development economics, and political economy.

Andalon, Mabel: BA (Hons) UDLA–P Mexico. MA Cornell. MS Cornell. PhD Cornell.

Research interests: Health economics, development economics, labour economics.

Artemov, Georgy: Specialist Moscow State MA CEU. PhD Brown.

Research interests: Mechanism design, matching theory, microeconomic theory.

Byrne, David: BCom (Hons) Mount Allison. MA Queens. PhD Queens.

Research interests: Industrial organisation, applied econometrics Clarke, Andrew: BA Sydney. MEc Sydney. PhD McMaster.

Research interests: Labour economics, macroeconomics, econometrics.

Hajargascht, Gholamreza (Reza): BSc Tehran. MSc Tehran. PhD UQ. Research interests: Econometrics (nonparametric, Bayesian, LDV), income distribution and inequality measurement, productivity and efficiency measurement, index numbers.

Kawakami, Kei: BA Tokyo. MA UCLA. PhD UCLA. Research interests: Macroeconomics, financial economics.

Li, Shuyun (May): BS Renmin. MA Renmin. MS Texas. PhD Texas.

Research interests: Macroeconomic implications of financial frictions, business cycle modelling, monetary policy transmission mechanism, venture capital, contract theory.

and organisational economics, behavioural economics.

Wozniak, Tomasz: MS CUE. MRes EUI. Research interests: Econometrics, multivariate time series analysis, Bayesian inference, economic forecasting.

Yektas, Hadi: MA Pittsburgh. PhD Pittsburgh.

Research interests: Auction theory, mechanism design, game theory, microeconomic theory, industrial organisation.

Honorary appointments Professors Emeritus Lloyd, Peter: MA Victoria. PhD Duke. FASSA. Perkins, James: MA Camb. MCom Camb. PhD Camb. FASSA.

Adjunct Professor Lim, Guay: MEc Adelaide. PhD ANU. Professorial Fellows Corden, Max, AC: BCom (Hons) Melb.

MCom Melb. PhD LSE. FASSA, FBA. Principal Fellows Ironmonger, Duncan: MCom Camb.

PhD Camb.

Johnston, Carol: BCom Melb. BEd Melb.

MEd Melb. PhD Melb.

Walmsley, Terrie: BCom UQ. MEcSt UQ. PhD Monash.

Fellows Aguiar, Angel: PhD Purdue. MS Idaho.

Davies, William Martin: BA (Hons) Flinders. PhD Adelaide. GDipEd PhD Flinders.

Harper, Margorie: MA Kates, Steven

Shah, Manisha: PhD Calif.

Research interests: Development economics, applied microeconomics, health economics.

Porter, Michael

Swee, Eik: BSc (Hons) LSE. MSc NUS. PhD Toronto.

Research interests: Development economics, political economy, economics of conflict and applied microeconometrics.

Philip, Preeta: MBA Andrews.

Department Manager

Uren, Lawrence: BEc (Hons) ANU. PhD Princeton.

Research interests: Macroeconomics, labour economics.

Wilkening, Tom: BA Arizona.

PhD Massachusetts.

Research interests: Experimental economics, market design, contracts

Stoneham, Gary: BCom UQ. MA UQ.

Professional staff

Bacher, Heidi Manager, Academic Support Services (till July 2011) Collins, Suzie: BTeach (Primary) Deakin. BA Deakin.

Academic Services Officer (maternity leave till August 2011) Manager, Academic Support Services (from September 2011) Cerantola, Marisa: Academic Services Officer

Karunarathne, Wasana: BA (Eco) Peradeniya. MA (Eco) Colombo.

PhD (Eco) NUS. Tutor Coordinator Khan, Nahid: MCom Melb.

MSocSci (Eco) Dhaka. BSocSci (Hon Ec) Dhaka.

Tutor Coordinator and Undergraduate Support Officer Koleva, Viktoriya: BA Sofia.

MA (SocResearch) Warwick.

Laboratory Manager, Experimental Lab Lombardo, Rosemary Academic Services Officer McPherson, Brie: BA Melb.

Front Office Administrator Perez, Kathryn: DipInfoTech&Multimedia Bendigo TAFE. Personal Assistant to the Head of Department

Centre for Actuarial Studies Academic and research staff Director and Professor of Actuarial Studies Dufresne, Daniel: BSc (Hons) Montreal.

PhD City Lond. FSA. Research interests: Financial mathematics, actuarial science and probability.

Professor Dickson, David: BSc (Hons) Heriot-Watt.

PhD Heriot-Watt. FFA, FIAA. Research interests: Aggregate claims distributions, renewal risk processes, recursive methods in risk theory.

Joshi, Mark: BA (Hons) Oxf. PhD MIT. Research interests: Financial mathematics.

Associate Professor Li, Shuanming: BSc Tianjin. MEc Renmin.

PhD Concordia.

Research interests: Risk and ruin theory, stochastic modelling in insurance and finance, actuarial science.

Senior Lecturers Pitt, David: BEc BSc Macquarie.

PhD ANU. FIAA. Research interests: Analysis of disability income insurance portfolios, stochastic modelling in actuarial science.

Wu, Xueyuan: BSc Nankai. MSc Nankai. PhD HKU. Research interests: Correlated risk models, ruin theory, recursive calculations for ruin probabilities.

Annual Report 2011 Outlook 2012 65

Lecturers Calderin, Enrique Javier: BS UNED Spain. MS UNED Spain. PhD ULPGC Spain.

Research interests: Bayesian inference, statistical robustness, distribution theory, actuarial statistics.

Chen, Ping: BAM QUFU. MSc CAS. PhD Hong Kong.

Research interests: Actuarial science, financial mathematics, statistics and information.

Fitzherbert, Richard: BSc (Hons) Sydney.

FIAA, FIA. Research interest: Investment return models.

Zhuo, Jin: BSc HUST. PhD WSU. Research interests: Numerical methods for stochastic systems, mathematical finance, actuarial science.

Research Fellow Wright, Will: BSc (Hons) Auckland. MSc Auckland. PhD Auckland.

Research interests: Financial mathematics.

Honorary appointments Professorial Associate Taylor, Gregory, AO: BA. PhD. FIA, FIAA, FIMA, CMath.

Research interests: Modelling in general insurance.

Senior Fellows Gribble, Jules: BSc (Hons) Adelaide.

PhD St Andrews. FIAA, FCIA, FSA. Harslett, Grant: BSc (Hons) Adelaide.

FIA, FIAA, ASA. Heath, David: BEc (Hons) Monash.

FIAA, CPA, F Fin. Truslove, Allen: BSc (Hons) Monash.

MBA Deakin. PhD Monash. FIA, FIAA.

Department of Finance Academic and research staff Head of Department and Professor of Finance Grundy, Bruce: BCom (Hons) UQ. PhD Chicago. FCPA. Research interests: Derivatives, corporate governance, real options, the structure of the mutual fund industry, momentum trading strategies, cost of capital with classical and imputation tax regimes, charitable giving, hedge funds and convertibles.

Professors of Finance Brown, Robert: MEc Sydney. FCPA, SF Fin.

66 Annual Report 2011 Outlook 2012

Research interests: Interest rate swaps, analysts’ forecasts, management and regulation of financial intermediaries, real estate analysis.

Davis, Kevin: BEc (Hons) Flinders. MEc ANU. SF Fin, FFTP, FAMI. Research interests: Financial institutions management, treasury management, financial engineering, corporate financial policy, financial markets.

Deputy Dean (Faculty) and Professor of Finance Kofman, Paul: MEc Erasmus. PhD Erasmus.

Research interests: Price discovery in regulated financial markets, extreme value analysis and financial applications, insurance rate making, asset allocation design.

Deputy Head of Department (Research) and Professor of Finance Martin, J Spencer: BSc (Highest Honors) Texas. MBA Texas. MA Wharton. PhD Wharton.

Research interests: Empirical asset pricing, credit risk, investments, behavioural finance.

Deputy Head of Department (Academic) (Jan – Jun) and Associate Professor Handley, John: BCom BMath UoN. MCom (Hons) Melb. PhD Melb.

F Fin. Research interests: Corporate finance, derivative security pricing and corporate finance applications of derivative security pricing including the design of financial securities, cost of capital, corporate valuation and real options.

Deputy Head of Department (Academic) (Jul – Dec) and Associate Professor Lamba, Asjeet S: BA (Hons) Delhi. MBA Michigan. PhD Washington. CFA. Research interests: Share buybacks, corporate litigation, insider trading, corporate governance.

Associate Professors Chan, Howard: BCom (Hons) Monash.

MEc Monash. PhD Monash. CPA. Research interests: Asset pricing, market efficiency, capital markets and the role of analysts as information intermediaries, pricing of securities and the role of liquidity and cycles in markets, derivative securities.

Schwann, Greg: BA (Hons) Queens.

MA (Eco) UBC. PhD UBC.

Research interests: Real estate finance, real estate economics, real estate-backed derivatives.

Senior Lecturers Brown, Rayna: BA Macquarie. MCom (Hons) Melb. PhD Melb. SA Fin. Research interests: Regulation of financial institutions, real estate finance.

Coleman, Les: BEng (Hons) Melb.

BSc (Eco) (Hons) Lond. MEc Sydney.

PhD Melb. CFTP (Snr).

Research interests: Risk strategy, behavioural finance, wagering markets, applied corporate finance, agricultural and resources finance, corporate crises, and practical applications of academic research.

Dark, Jonathan: BCom (Hons) UoN. PhD UoN. Research interests: Dynamic hedging strategies, value at risk and time varying beta estimation.

Fjesme, Sturla: BCom Bond. MSc (Hons) BI. PhD BI. Research interests: Empirical corporate finance.

Gygax, André: Lic.oec. HSG St Gallen. MS (Finance) MBA Colorado.

PhD Melb.

Research interests: Entrepreneurial finance, industrial organisation, dynamic social networks.

Inkmann, Joachim: DiplomVolkswirt, Mannheim. Dr. rer. pol., Konstanz.

Research interests: Household finance, pension finance, asset pricing, panel data econometrics.

Moore, Lyndon: BEc (Hons) UTAS. MA Northwestern. PhD Northwestern.

Research interests: Financial history, derivatives, international finance, asset pricing, corporate finance.

Neyland, Jordan: BA (Eco) Texas. JD Houston. MMF Arizona. PhD (Finance) Arizona.

Research Interests: Corporate finance, corporate governance, executive compensation, mergers and acquisitions, law and finance.

Pinder, Sean: BCom (Hons) Monash. PhD UoN. Research interests: Issues relating to the valuation of derivative securities and the analysis of corporate financial decision making.

Scheule, Harald: MBA DBA Regensburg.

Research interests: Banking, insurance, financial risk measurement and management.

Shekhar, Chander: BSc Panjab.

MSc Virginia. PhD Penn.

Research interests: Economic models of financial markets, market for corporate control, initial public offerings, corporate restructuring, corporate governance.

Shemesh, Joshua: BSc (CompSci), Hebrew. MBA (Fin&Bkg) Hebrew.

PhD (Fin) USC. Research interests: Corporate finance, Behavioral finance.

Zhang, Liang: BE Xi’an Petroleum University. PhD Hawaii Manoa.

Research interests: Empirical asset pricing.

Lecturers Aharoni, Gil: BA Tel Aviv. MBA Tel Aviv.

PhD Tel Aviv.

Research interests: Asset pricing, behavioural finance, market efficiency.

Akyol, Ali: BA Alabama. PhD Alabama.

Research interests: Corporate finance and governance, corporate control, IPOs, market efficiency.

Bednarek, Ziemowit: MS (Fin) WSE. MS (QuantvMthds) WSE. PhD Calif.

Research interests: Macroeconomics, productivity measurement, technology diffusion.

Lim, Bryan: BA Columbia. PhD UC Santa Barbara.

Research interests: Financial economics, institutional investors, experimental finance.

Murawski, Carsten: Dipl-Kfm Univ Bayreuth. Dr oec publ Univ Zuerich.

Research interests: Financial innovation, experimental finance, financial institutions, financial stability.

O’Connor, Ian: BBus Chisholm.

MBus RMIT. PhD Melb. CPA SA Fin. Research interests: Bank efficiency, derivative securities, volatility forecasting.

Petry, Stefan: BA EBS Germany. MA EBS Germany. PhD Camb.

Research interests: Corporate governance, corporate finance, financial markets.

Scott, Callum: BSc (Hons) Edin. BA Open UK. MSc VUT. PhD Melb. GDipCInfSc VUT. GDipEd Dundee. AFPA (Academic).

Research interests: The application of artificial neural networks in finance, real estate finance and analysis.

Shi, Zhen: MPhil PhD Tilburg.

Research interests: Asset pricing, investments, real option and pension economics.

Zeng, Qi: MS Academia Sinica.

PhD Penn.

Research interests: Asset pricing, Chinese stock market.

Senior Research Fellow Galpin, Neal: BBA St. Bonaventure.

MBA (Fin&QuantvAnal) Cincinnati. PhD Bloomington.

Research interests: Corporate investment and financing decisions, agency problems.

Postdoctoral Research Fellow Van Der Heijden, Thijs: MSc Tilburg.

PhD Tilburg.

Research Interests: Derivative pricing, (empirical) market microstructure of derivative markets and information asymmetries in financial markets.

Professional staff Kreitner, Jason: BA NM State. MPA South Dakota. JD South Dakota.

Department Services Manager Anderson, Lena: BA Deakin.

Executive Assistant Barberoglou, Silvia Academic Services Officer (Postgraduate) Corkhill, Anna: BPD (Arch) Melb.

GCertArtHist Melb.

Office Coordinator Dixon, Helen Administration Officer Murray, AnnMaree: BAppSci (PhysEd) VU. Academic Services Officer (Undergraduate) Porto, Julieanne Academic Services Officer (Undergraduate)

Department of Management and Marketing Academic and research staff Professor and Head of Department Sewell, Graham: BSc (Hons) Wales.

PhD Wales.

Research interests: Organisational agility, workplace surveillance, teamwork, business ethics, organisation and management theory, qualitative research methods, evolutionary psychology, sociology of work and organisation, coroners’ recommendations, employment practices in the private security industry.

Deputy Heads of Department Bell, Simon: BCom (Hons) Melb. PhD Melb.

Research interests: Services and relationship marketing, customer loyalty, sales force management, organisational learning, social networks and regional clusters.

Power, Damien: BBus Monash. MBus Monash. PhD Monash.

Research interests: Business to business e-commerce, supply chain systems/virtual integration, business process redesign, operations strategy.

Professors Cregan, Christina: BA Leeds. MSc LSE. PhD LSE. DipEd Oxf. Research interests: Trade union membership, young people in the labour market, internal labour markets, industrial democracy.

Hardy, Cynthia: BSc (MgtSc) PhD Warw.

Research interests: Organisational discourse theory, power and politics in organisations, organisational change, organisation theory, inter-organisational collaboration.

Harley, William: BA (Hons) PhD UQ. Research interests: Industrial relations, HRM, work organisation, high performance work systems, teamwork, labour process theory.

Harzing, Anne-Wil: BA Hogeschool Enschede. MA Maastricht.

PhD Bradford.

Research interests: HQ-subsidiary relations, international HRM, crosscultural management, language in international business, quality and impact of academic research.

Lukas, Bryan: MBA Nebraska.

PhD Memphis.

Research interests: Strategic marketing, brand management, brand valuation, product strategy, marketing productivity, international marketing.

Merrett, David: BEc (Hons) Monash.

MEc Monash.

Research interests: Internationalisation of Australian firms, marketing of Australian wool, international banking in 1930s.

Samson, Daniel: BE (Chem) UNSW. PhD AGSM UNSW.

Annual Report 2011 Outlook 2012 67

Research interests: Business competitiveness drivers, operations strategy, risk management, sustainable development, e-business, decision making under uncertainty.

Goldsmith, Suzy: BSc (Eng) (Hons) ACGI. London. MSc Bham. PhD Melb.

Research Interests: Water, corporate risk and governance, sustainability and innovation.

Associate Professors Bove, Liliana: BAgSci (Hons) LaTrobe. BBus (Marketing) RMIT. PhD Monash.

Research interests: Service marketing, relationship marketing, customer loyalty, customer citizenship behavior, donor research.

Lei, Jing (Jill): BBA (Hons) NUST. PhD Maastricht.

Research interests: Brand extension strategies, brand architecture, product harm crises, counterstereotypical product adoption, convergent high-tech products, consumer food consumption.

Brown, Michelle: BCom (Hons) Wisconsin. MA Wisconsin.

PhD Wisconsin.

Research interests: Human resource management/industrial relations; pay and performance management systems; employee participation and its consequences.

Paladino, Angela: BCom (Hons) Melb.

PhD Melb.

Research interests: Consumer behaviour, environmental marketing, innovation and corporate performance, resource-based view and capabilities strategies, market orientation, strategic management and marketing.

Sargent, Leisa: BA MOrgPsych UQ. PhD Toronto.

Research interests: Career development, stress and stress management strategies, the employee and organisation relationship.

Singh, Prakash: BE (Hons) BBus QUT. PhD Melb.

Research interests: Operations management, supply chain management, quality management, innovation management.

Senior Lecturers Ainsworth, Susan: BA Hons Sydney.

MCom (Hons) Melb. PhD Melb. GCert (Higher Ed) Sydney. GDipEvaluation Sydney. GDipIR Sydney.

Research interests: Identity, age and gender in employment, organisation studies, discourse analysis, critical management studies, public policy, government advertising.

Barsky, Adam: BS (Psych and Soc) Wisconsin-Madison. MS Tulane. PhD (I/OPsych) Tulane.

Research interests: Social issues in management, business ethics, workplace fairness, discrimination, job related effects and work stress, personality and wellbeing, research methodology and statistics.

68 Annual Report 2011 Outlook 2012

Nagpal, Anish: BSc (Hons) BITS Pilani.

MScMechEng (Hons) Econ BITS Pilani.

PhD (Mktg) Houston.

Research interests: Consumer behaviour, information processing, decision frames, choice and conflict, customisation strategy and decision making.

Sammartino, André: BCom (Hons) Melb.

PhD Melb.

Research interests: International business, regionalisation and globalisation, internationalisation of Australian firms, transformation of subsidiary roles, vertical scope and competitive advantage, business history.

Zyphur, Michael: PhD Tulane.

Research interests: Organisational behaviour, quantitative research methods, industrial and organisational psychology.

Lecturers Bhakoo, Vikram: BA (Hons) Economics MIMS. MA (Eco) MIMS. PhD Monash.

Research interests: Supply chain management, technology adoption, qualitative techniques in operations management.

Canniford, Robin: BSc (Hons) (Psych and Physiol) S’ton. MSc Exeter.

EcPsych PhD (Social Science) Exeter.

Research interests: Consumer culture and the body, consumption communities, biosocial consumption, sociological interpretations of marketing and advertising.

Chmielewski-Raimondo, Danielle: BA BCom (Hons) Melb. PhD Melb.

Research interests: Strategic marketing, strategic management, timing of entry, brand introduction strategy, resource-based view and capabilities, strategic orientation.

Coker, Brent: BCA (InfoSys) VU Wellington. BCA (E-Com&Multimedia) VU Wellington. PhD (InfoSys) VU Wellington.

Research interests: Consumer

decision making in online environments, internet marketing strategy, measuring the online consumer experience.

Harris, Philip: BAppSc (Hons) Swinburne.

PhD Swinburne.

Research interests: Emotions and decision making, consumer neuroscience, neuroeconomics.

Hu, Helen: Bsc (Hons) UOL. PhD Monash.

Research interests: Corporate governance, Chinese business and management, Board of Directors, governance in the Asian region.

Koehler, Tine: MA George Mason. PhD George Mason. Pre-Dip Phillips.

Research interests: Global teamwork, cross-cultural communication, coordination and management, research methods and statistics.

Mol, Joeri: MSc Erasmus. PhD (MgmtSci) Groningen.

Research interests: Selection mechanisms in markets, power and appropriation in organisations, classification systems and genre formation, diffusion processes, broadcasting and creative industries.

Neville, Ben: BCom Melb.

PhD Melb. PGDip Melb.

Research interests: Corporate social responsibility, business ethics, stakeholder theory and management, climate change and environmental issues, consumer issues, cross-cultural issues in marketing and management.

Nyilasy, Gergely (Greg): BA PPCU Hungary. MA Georgia. PhD Georgia.

Research interests: Advertising, digital marketing, service recovery, practice theory, marketing ethics.

Osegowitsch, Tom: BA (Hons) Wirtschafts Wien. MCom (Research) UWA. PhD UWA. Research interests: Strategies of multinational companies, international business, strategy, HQsubsidiary relationship.

Phipps, Marcus: BA BBus (Hons) Monash. PhD Monash.

Research interests: Consumer culture theory, macromarketing, political marketing, social marketing, and sustainable consumption.

Yamao, Sachiko: BA Tsuda Coll. MEcon KobeU. MSc (IntBus&Mgmt) UMIST. PhD Monash.

Research interests: Knowledge management within multinational corporations, employment practices in foreign subsidiaries, management of international assignees, and use of English as corporate language within multinationals from non-Anglophone countries.

Head Tutors Cotronei-Baird, Valerie: BA (Hons) LaTrobe. GradDipEd, Cert IV (Trg&Ass) ACU. GradCert (UniTeaching) Melb.

PhD Candidate Melb.

Research interests: Virtual teams, team development and collaborative skills in management education and the training transfer to the workplace, team-based teaching and learning, case-based teaching and learning, tutor training.

Maragos, Marie: BBus (Bnkg&Fin) (Hons) Monash.

Research interests: Sustainability and environmental management, competitive dynamics in operations and supply chain management, process innovation and competitive advantage.

Visiting Academic Teaching Staff Montabon, Associate Professor Frank: B.BusAdmin NotreDame. PhD Michigan.

Research interests: Sustainability, environmental management, measurement, process improvement techniques (Semester 1).

Kim, Professor DaeSoo: BA Seoul.

MBA BGSU. PhD Indiana.

Research interests: Model building, empirical study, mathematical optimisation (Semester 2).

Honorary appointments Emeritus Professorial Fellow Isaac, Joseph, AO: BCom BA (Hons) Melb. PhD Lond. HonDEcon Monash. Hon DCom Melb. Hon LLD Macquarie. FASSA. Research interests: Labour market institutions, industrial relations, wages policy, small business.

Honorary Professorial Fellows Dick, Howard: BEc (Hons) Monash.

MEc ANU. PhD ANU. Research interests: Asian business, corruption and governance, institutional development, global logistics, urbanisation in the Asia–Pacific, maritime history and policy. Country

expertise: Indonesia, Southeast Asia, Japan.

Heidi, Professor Jan B: PhD Wisconsin– Madison.

Research interests: The design and management of inter-firm relationships, manufacturers’ interactions with (upstream) suppliers and (downstream) resellers.

Homburg, Professor Christian: PhD (Bus Admin) Karlsruhe.

Research interests: Market-oriented management, customer relationship management and sales management.

Snow, Professor Charles: PhD (Bus Admin) Calif. Postdoc Fellowship, Stanford.

Research interests: Global and competitive strategies, new organisational forms.

Verhezen, Associate Professor Peter: MA PhilSci&Ethics Leuven. MA IntRel&IntEc Antwerp. MBA Finance Leuven/Chicago Bus Sch. PhD Leuven.

Research interests: Ethical leadership, integrated risk and governance (focus on Asia), business ethics and corporate social responsibility, corporate sustainable strategies and sustainable investments.

Professional staff Short, Wendy: MEdAdmin UNE. AssDipApSci (Sci Lab) Swinburne.

GDipEdAdmin HIE. Department Service Manager Banford, Alison Academic Services Manager Boorn, Samantha: BA (CommunityDev) VU. Direct Academic Support Officer, Front Office Bryce, Tim: BA (Hons) Melb.

Direct Academic Support Officer Heddle, Nicole: AdvDip (Photography) Chch.

Direct Academic Support Officer Pedley, Sarah: BA (Hons) Melb. DipTeach Perugia.

Direct Academic Support Officer Robertson, Katie: DipApSci (AnimalTech) Box Hill Institute of TAFE. DipSocialSci (Justice) Eastern TAFE. Direct Academic Support Officer Simon, Denise Executive Assistant

Melbourne Institute Academic and research staff Director and Ronald Henderson Professor Cobb-Clark, Deborah: BA (Eco) Michigan. MA (Eco) Michigan. PhD Michigan. FASSA. Research interests: social policy evaluation, youth, gender issues, family economics, and labour market economics.

Deputy Director (Research) and Professorial Research Fellow Haisken-DeNew, John: BA (Hons) (Eco) Carleton. MA (Eco) Toronto. Dr. oec. publ. LMU Munich.

Research interests: Economics of education, health economics, labour economics, inequality and welfare measurement (from June 2011).

Deputy Director and Professorial Research Fellow Lim, Guay: BEc ANU. MEc ANU. PhD ANU. Research interests: Macroeconometrics, microfoundations of macroeconomics, modelling the australian economy, consumption and wealth over the lifecycle.

Professorial Research Fellows Justman, Moshe: BSc (Math, Stat) Hebrew. MSc (Math) Hebrew. PhD (BusEc) Harvard.

Research interests: economics of education (from July 2011).

Scott, Anthony: BA (Hons) Newc. MSc York. PhD Aberd.

Research interests: Health economics organisation and financing of health care, labour markets of health care professionals.

Webster, Elizabeth: BEc (Hons) Monash.

MEc Monash. PhD Camb.

Research interests: Industrial economics, innovation and intellectual property, labour markets.

Wooden, Mark: BEc (Hons) Flinders.

MSc (Eco) Lond. FASSA. Research interests: Labour economics, industrial relations and survey methodology.

Principal Research Fellows Jensen, Paul: BEc Sydney. PhD UNSW. Research interests: Economics of innovation; contracts and incentives; health economics; privatisation and contracting out; firm survival; economics of climate change.

Annual Report 2011 Outlook 2012 69

Kalb, Guyonne: MEc Erasmus. PhD Monash.

Research interests: Applied microeconom(etr)ics; in particular, labour and household econom(etr)ics; childcare, child development and education; social and tax policy issues; microsimulation model.

McVicar, Duncan: BSc Econ (Hons) Lond. MSc S’ton. PhD S’ton.

Research interests: Applied labour economics – program evaluation, unemployment and inactivity, disability and the labour market, youth transitions.

Ryan, Chris: BCom (Hons) Melb. MEc ANU. PhD Melb.

Research interests: The determinants of and outcomes from participation in different types of education, the impact of related government programs and interventions, and the transitions of young people from education and training into the labour market (from April 2011).

Wilkins, Roger: BCom (Hons) Melb.

MCom Melb. MSc Wisc. PhD Melb.

Research interests: Labour economics, income inequality and poverty, household panel data, applied microeconometrics.

Yong, Jongsay: BA BSocSc (Hons) NUS. MSocSc NUS. MA UBC. PhD UBC. Research interests: Health Economics, empirical industrial economics, hospital performance and productivity.

Senior Research Fellows Buddelmeyer, Hielke: MA Vrije. PhD NYU. Research interests: Applied micro-economics, labour supply, applied econometrics, behavioural microsimulation.

Chua, Michael: BEc (Hons) UNE. PhD UNE. Research interests: Bayesian inference, forecasting, applied macroeconomics.

Jeon, Sung-Hee: BA Ewha Womans.

MA York (Toronto). PhD York (Toronto).

Research interests: Applied microeconomics; health human resources; tax, social and health policies; family wellbeing.

Palangkaraya, Alfons: BSc UMo. MA Penn St. PhD Ore St. Research interests: Industrial organisation, health economics, econometrics.

Scutella, Rosanna: BCom (Hons) Melb. PhD Melb.

Research interests: Poverty, inequality, social welfare, labour economics and public finance.

70 Annual Report 2011 Outlook 2012

Tseng, Yi-Ping: BEc Taiwan. PhD ANU. Research interests: Labour economics, applied microeconometrics, economic and social policy. van de Ven, Justin: BCom (Eco) Melb.

BEng Melb. MCom (Eco) Melb. PhD (Eco) Oxf. Research interests: Distributional effects of fiscal policy, household savings, labour supply, retirement, and dynamic programming methods for exploring household behavioural responses to policy change (from October 2011).

Watson, Nicole: BSc UWA. MMedStat UoN. GDipMgtSc UC. Research interests: Non-response in longitudinal surveys, imputation, weighting, measurement error.

Deputy Director Survey Management, HILDA Project

Ronald Henderson Research Fellow Azpitarte, Francisco: BSc (Eco) (Hons) UVigo. MSc UA Barcelona. Phd UVigo.

Research interests: Distribution analysis, welfare dynamics (from February 2011).

Research Fellows Cheng, Terence: BSocSci (Hons) NUS. MSocSci NUS. PhD ANU. Research interests: Applied microeconomics, applied microeconometrics, economics of mixed public-private health care systems, health human resources.

Claus, Edda: BA (Eco) McGill. MSc UMontréal. PhD ANU. Research interests: Macroeconomics, financial economics, applied econometrics. de Rassenfosse, Gaétan: BS (Science in Management) Bruxelles. MA (Science in Management) Bruxelles. PhD Bruxelles.

Research interests: Understanding the creation and the diffusion of innovation and scientific discoveries, knowledge obsolescence, markets for technology and venture capital.

Hanel, Barbara: MSc Bonn. PhD Erlangen-Nuremberg.

Research interests: Empirical labour economics, social policy.

Herault, Nicolas: BSc (Eco) Bordeaux IV and Toulouse I. MSc (Eco) Bordeaux IV and Toulouse I. PhD Bordeaux IV and Toulouse I. Research interests: Labour economics, income tax policies, trade liberalisation, microsimulation modelling, micro-macro modelling.

Jha, Nikhil: PhD UT Dallas.

Research interests: Applied

econometrics, economics of education (from August 2011).

Kassenboehmer, Sonja: BA (Hons) Mathematics with Applied Statistics Edinburgh Napier, German Diploma (Bus&Ec) Bochum Germany.

Research interests: Topics in welfare measures (from July 2011).

Kecmanovic, Milica: BEc (Hons) Clark.

PhD UNSW. Research interests: Labour economics, household economics, economics of ageing (from September 2011).

Kim, Jounghyeon: BA (Eco) Dongguk.

MA (Eco) Virginia. MA IDE Yale. PhD Indiana.

Research interests: (Open) macroeconomics, monetary economics (until May 2011).

Le, Trinh: BMS Waikato. PhD Cant Univ.

Research interests: Development economics, labour economics, household savings and wealth, retirement income policy.

Li, Jinhu: BA (Eco) Huazhong, China. MA (Eco) Victoria, Canada. PhD McMaster.

Research interests: Health economics, applied econometrics, public economics, labour economics (from May 2011).

Moschion, Julie: B (Econometrics) Dauphine. MA (Macroecons) Paris. PhD Paris.

Research interests: Labour and education economics, program evaluation, empirical microeconometrics.

Nguyen, Viet Hoang: BA (BusEng) FTU. MA (Eco&Fin) Leeds. PhD (Eco) Leeds.

Research interests: Applied macroeconomics, exchange rate economics (from April 2011).

Polidano, Cain: BAgricEc (Hons) LaTrobe.

MAgricEc Sydney. PhD Monash.

Research interests: Education and training policy, youth transition, health economics and applied microeconometric analysis.

Sivey, Peter: BSc (Eco) York. MSc (HealthEc) York. PhD York.

Research interests: Microeconomics, health economics, applied microeconometrics, specifically discretechoice modelling, non-linear panel data methods, industrial economics applied to health care markets.

Tabasso, Domenico: BSc (Eco) Bocconi.

MSc (Eco) Essex. PhD (Eco) Essex.

Research interests: Labor economics, family economics, demographic economics, applied microeconomics.

Thomson, Russell: BSc Melb. PhD ANU. GCertDevt Melb. GDipEcon Melb.

Research interests: R&D and innovation policy; the determinants of innovation; technology transfer and diffusion; the behaviour of multi-national enterprises; infrastructure investment and procurement; applied industrial economics in general.

Warren, Diana: BCom W’gong.

MCom(Hons) W’gong. PhD Melb.

Research interests: Economics of education, labour economics, mature age labour force participation and the transition to retirement.

Research Officers Black, David: BCom (Hons) Melb.

Fok, Yin King: BCom (Hons) BIS Melb.

Hahn, Markus: German Dip (Eco) Ruhr.

Houng, Brendan: BCom (Hons)/ BSoftEng Melb.

Kuehnle, Daniel: BA (Hons) (Eco&Politics) Leeds. MSc (DevelopmentEco) Manc.

(Until August 2011).

Database Support Officers (HILDA) Dunn, Ross A: BA AppSc RMIT. GradDip BIT Swinburne. (Until August 2011).

Ittak, Peter: BSc BEc Monash. MPH Monash.

Macalalad, Ninette: BS Statistics UP. (From October 2011).

Programmer and Database Manager Bevitt, Andrew: BCompSc UoN. (From May 2011).

Research Support Assistant Ware, Kerry

Professional staff Best, Michelle: BEnvSc LaTrobe.

Administrative Assistant Buchanan, Lyn: BA CDU. GradDipEd CDU. Executive Assistant Chen, Jenny: AdvDip Ozford.

Administrative Assistant

Yan, Wenda: BBA (Eco&IntFin) Macau.

MSc (AppEco) ANU. Dip (AppEco) ANU.

Craw, Emma: BA (Hons) Tas. Administrative Assistant

Zakirova, Rezida: BA (Bkg) Moscow ABD. MSc (Math) Moscow ABD. MA (Eco) CEU.

Derham, Rachel: BSc Melb.

GCertUniMgmt Melb.

Business Manager

Research Support Officers Chigavazira, Abraham. BEc (Hons) UWS. (From March 2011).

Leung, Felix. BCom (Hons) Melb. (From March 2011).

Peyton, Kyle. BBA (ACT, ECON, PLSC) Loyola Chicago. (From March 2011).

Zhang, Rong. BSc HIT. MSc HIT. PhD Monash. (From March 2011).

Goh, Theresa: BBus (Bus Admin) RMIT. MPA RMIT. CPA. Finance and Resources Manager Hope, Penelope: BA LaTrobe.

Functions Manager Lane, Victoria.

Administrative Assistant, HILDA Lentini, Nellie: BA Monash.

Publications Manager

HILDA Survey Methodologist Li, Ning: BA (AppMath) China. MA (EcoMath) China. PhD LaTrobe.

Madsen, Paula Administrative Officer, Labour Economics and Social Policy (until April 2011)

Survey Manager Leahy, Anne: BCom Melb. GCertClassics Melb. GDipPhil Melb.

Pugh, Deborah Senior Administrative Officer, Labour Economics and Social Policy (from June 2011)

HILDA Deputy Director, Survey Management Summerfield, Michelle: BSocSci ECU. GradCert (Public Health) ECU. Survey Research Database Manager and Analyst Freidin, Simon: BBSc (Hons) LaTrobe.

GDipCompSc LaTrobe.

Sapar, Nicky: BBus BA Monash.

Administrative Assistant, HILDA (until May 2011) Wilson, Michelle: BA (Hons) Melb.

Executive Officer, IPRIA

Honorary appointments Adjunct Professors Borland, Jeff: MA Melb. PhD Yale.

FASSA. Research interests: Operation of labour markets in Australia, program

and policy design and evaluation, applied microeconomics (economics of sports), Australian economic history.

Creedy, John: BSc Brist. BPhil Oxf. FASSA. Research interests: Income distribution, public economics, labour economics, history of economic analysis.

Dixon, Robert: BEc (Hons) Monash. PhD Kent.

Research interests: Macroeconomics, industrial economics, Marxian economics, regional economics.

Freebairn, John: MAgrEc NE. PhD Davis.

FASSA. Research interests: Taxation reform, labour economics, natural resource economics.

Shields, Mike: BA (Hons) Staffo. MSc (HealthEco) York. PhD Leicest.

Research interests: Health economics, economics of happiness, labour economics, applied microeconometrics. van Ours, Jan: MSc Delft. MSc Erasmus.

PhD Erasmus.

Research interests: Health economics, labour economics.

Professorial Fellows Burkhauser, Richard: BA (Eco) St Vincent. MA (Eco) Rutgers. PhD Chicago.

President of the Association for Policy Analysis and Management.

Dawkins, Peter: BSc Lough. MSc (Eco) Lond. PhD Lough.

Drago, Robert: BS Tulsa. MA Mass/Am. PhD Mass/Am. Sheill, Alan. BEc Lond. MA York. PhD Sydney.

Sloan, Judith: BEc (Hons) Melb. MA Melb. MScEc Lond.

Stillman, Steven: BA (Eco) (Hons) Williamstown. MA (Eco) Wash. PhD Wash.

Williams, Ross: BCom Melb. MScEc Lond. PhD Lond. FASSA.

Principal Fellows Headey, Bruce: BA Oxf. MA Wisc.

PhD Strath.

Marks, Gary: BSc (Hons) Melb. MSc Melb. PhD UQ.

Senior Fellows Doiron, Denise: BA Monc. MA UBC. PhD UBC. Department of Economics, The University of New South Wales.

Rogers, Mark: BSc Lond. MSc Warw.

PhD ANU. Harris Manchester College, Oxford University.

Annual Report 2011 Outlook 2012 71

Professional staff of the Faculty Faculty secretariat Loi, Aileen: BCom MIB. Chartered Accountant (ICAA, ICANZ). (Finished July 2011).

General Manager, Faculty of Business and Economics Dalton, Diana: MBus (OrgDyn) Swinburne. GDip (OrgBhvr) Swinburne.

GCert (BusAdmin) Mt Eliza. GDip (BusAdmin) Mt Eliza. (Started July 2011).

Executive Director, Faculty of Business and Economics Chiha, Kathy: BSc Sydney. MBA UNE. MPA Deakin. (Finished March 2011).

Business Centre Manager May, Stephen: BEd Deakin. MBA Mt Eliza/UQ. (Started July 2011).

Director, Advancement, Faculty of Business and Economics Dixon, Suzanne: BCom DipEd Hawthorn Institute, MBA VUT. (Finished May 2011).

Director, Advancement, Faculty of Business and Economics Young, Brooke: BA LaTrobe.

PGDip (ArtCurSt) Melb. MEnterprise (Exec) Melb. CPM Director, Marketing and Commercial Engagement Tinworth, Koby Executive Assistant to the Executive Director and Deputy Dean and Director (GSBE) Vellu, Phyllis: MA India.

Executive Assistant to the Dean

Advancement and marketing May, Stephen: BEd Deakin. MBA Mt Eliza/UQ. Director, Advancement Young, Brooke: BA LaTrobe.

PGDip (ArtCurSt) Melb. MEnterprise (Exec) Melb. CPM Director, Marketing and Commercial Engagement Serpell, Elizabeth Executive Assistant

MacLeod, Ali: MA (Hons) Aber. MBA RGU. Manager Fundraising and Major Gifts (from October 2011) Becerra, Maria: BBusAdmin Peru.

MAppCom (Acc) Melb.

Awards and Fundraising Officer Slavin, Leonie: GCert BusAdmin Swinburne.

Awards and Fundraising Officer (from August 2011)

Alumni Barry, Anthea: BA UCT. GCertLinguistics Melb. PGCertEd&Comms Melb.

Alumni Relations Manager Cheng, Chris: BA (Media Comm) Melb.

MAppCom (Mktg) Melb.

Alumni and Community Engagement Officer

Communications

Vucetich Karibian, Rocio: BBusAdmin Peru.

Manager – International

Commerce Student Centre Benetti-Hille, Marika: BA LLB Monash.

BSW Melb.

Student Experience Officer Boardman, John: BA SUNY. Manager, Student Services Brennan, Rachael Emily: BA Econ Qld. Student Adviser, Team Leader (Student Services) (from February 2011) Gray, Rebecca: Enquiries Officer Hayes, Jemimah Student Adviser, Senior Student Adviser (from April 2011) Hoare, Jacqui: BCom (Mgmt) Melb.

GradCert Multimedia Swinburne.

Capstone Studies Coordinator

Gillman, Kylie: BA (Hons) Melb.

Communications Manager

Hodges, Isobel: BA (Visual Arts) QUT. Enquiries Officer

Lawry, Fiona: BFineArt ANU. GDipFineArt Melb.

Communications Special Projects Manager (from June 2011)

Laughlin, Kylie: BA (Crim), PGDipArts (Crim), GCertUniMgt Melb.

Manager, Academic Policy and Programs, Co-Manager Commerce Student Centre (until August 2011)

Quilford, Rees: BA (Hons) Monash.

MA Melb.

Senior Media Officer Roller, Danielle: BA Swinburne Communications Manager (until June 2011) Corporate Relations Manager (from June 2011)

McPharlin, Susan: BA BCom Adel.

Manager, Student Experience Mong, Catherine: BBA NUS Singapore.

GDipSoftwDev RMIT. GCertUniMgt Melb.

Academic Programs Officer

Segal, Michelle: BA Melb. MA Melb.

Executive Officer Communications

Monteiro, Joran: MA Political Science (Asian Studies) University of Amsterdam Enquiries Officer

Viziru, Aida: BCom Romania. PR BBU Romania.

Web Developer (until August 2011)

Nadarajah, Thilageswary: ME-Business RMIT. BIT Charles Sturt.

Senior Student Adviser

Kevey, Donna Web Developer (from August 2011)

Navon, Catherine: BA Monash. GDipArts Melb.

Senior Student Adviser

Corporate relations Roller, Danielle: BA Swinburne.

Corporate Relations Manager

Marketing

Nolan, Elanna: BA (Honours) Melb. MUP Melb.

Enquiries Officer Pecoraro, Francesca: BA (Media Studies) RMIT. GCertUniMgt Melb.

Manager, Commerce Student Centre

Sykes, Alice: BA (Hons) Melb. LLB Monash. GDip Legal Practice Monash.

GDip Arts (Tourism) Monash.

Senior Executive Officer – Board and Committee Secretary

Abud, Fiona: BSc (SEAP) RMIT. MIB Melb. GCertDev Melb.

Manager – Marketing and Recruitment Barrier, Lorine: MAppCom (Mktg) Melb.

International Marketing Coordinator

Prendergast, Bianca: BA, MArtsMgmt RMIT. Global Mobility Officer

Advancement

Lohman, Caitlin: BComm (Public Relations) RMIT. National Marketing Coordinator

Roussy, Patrick Enquiries Officer, Student Adviser (from June 2011)

Migallos, Patricia: MAppCom (Mktg) Melb.

Manager – Marketing and Communications (Undergraduate)

Sarkies, Jacqueline: BA LaTrobe.

Senior Student Adviser, Team Leader Student Services (from August 2011)

Cosgrove, Jonathan Manager Fundraising and Major Gifts (until Febuary 2011) Dempsey, Megan: BA (Hons) Monash.

MAppCom (Mktg) Melb.

Development Manager (from May 2011)

72 Annual Report 2011 Outlook 2012

Shears, Monique Professional Enhancement Officer

Tan, Michael Building Porter

Squire, Leonie Student Adviser

Thompson, Katherine: BCom Melb.

MIB Melb. CPA. Business Analyst

Stahli, Simone: BSocSci (Youth Work) RMIT. Student Experience Transition Officer Starling, Rebecca: BSc Manager, Student Experience

Graduate School of Business and Economics

Thomas, Anja: BBM (Intl Business), BA (Mandarin Chinese) UQ Enquiries Officer

Banyasz, Agnes: MA DipEd ELTE Budapest. GDip (Careers) Deakin.

Business and Economics Careers Centre Manager

Tobin, Louisa: BA (Hons) Intl. UCD. MA Warwick.

Global Mobility Coordinator

Barrie, Craig: BA LaTrobe. MA Melb.

PGDip (Arts) Melb.

Student Experience Manager

Vijay, Samridhi: BBM Bangalore University. MM (Finance) Melb.

Enquiries Officer

Baumann, Kristin: MA MLU. Careers Consultant (from June 2011)

Wilson, Rachel: BA Executive Officer (Academic Policy and Programs)

Finance and resources Akilan, Nadesu, CIMA: BAccFin London Met. Financial Accountant

Chandran, Dinesh: BSc (BusAdmin) UCLA. Admissions Officer

Jenzen, Rachel: BA (Hons) Melb. MA Melb.

Manager (Policy and Projects) Jose, Sabina Academic Programs Manager Kaur, Isha: BCom (Advertising) RMIT. Student Experience Officer Lascelles, Scott: BBus La Trobe.

Executive Officer, Student Services Loh, Ruttigone: BA (Hons) RMIT. Admissions Officer Martini, Daniel: BA La Trobe.

Admissions Manager Segar, Shalini: BA Melb.

Course Advisor Stichbury, Amy: BA (Crim&Soc) VU Wellington.

Course Adviser Trajcevska, Vesna Course Adviser

Collis, Stephen Academic Services Manager

Tran, Kim-Vy: BBusMgmt, UC. Course Adviser (until June 2011)

Croser, Rebecca: BA (Hons) Melb.

GDipArts (Creative Writing) Melb. BDes UniSA. Course Advisor (until June 2011)

Human resources unit

Dado, Marielle: BA (Psych) UP. Student Experience Officer

Gluyas, Stacey: Dip HRM NMIT. Human Resources Officer (from February 2011)

Dougherty, Elizabeth: BBus VU. GCertUniMgt Melb. CPA. Management Accountant

Donoghue, Emily: BBus (Sport&LeisureMgmt) LaTrobe.

Student Services Officer (from August 2011)

Hanlon, Terri: GDipBusMgmt Monash.

MInd&EmpRels Monash.

Manager, Strategic Development and Human Resources (Job share)

Doyle, Joanne: BBus RMIT. MAC Melb.

CPA. Financial Accountant

Douglas, Jean Student Services Officer (until August 2011)

Gravier, Lachlan: BBus LaTrobe.

Transactional Services Manager

Elliott, Eufemia: BA Melb. BCom Melb.

Careers Consultant (maternity leave)

Harvey, Erin: BBus Swin. DipMgmt (Hospitality) Swin.

Human Resources Officer (until August 2011)

Hall, Bradley Senior Finance Officer

Elston, Sue: BMusEd Melb. CertIV (Workplace Training) KPI Careers Consultant

Carey, Robin: BSc (Eco) UC Riverside.

MA (Eco) UC Riverside.

Project Officer

Lee, Mary Finance and Resources Officer Ligris, Sheena: GCert (Cert IIIBusAcc) Box Hill Inst of TAFE. GCert (CertIVMWT) Box Hill Inst of TAFE. Group Finance and Resources Officer

Guo, Erin: MA (HRM) Durh.

Career Programs Coordinator.

Guzman, Melania: MPsych UNAM. MA UNIS. MHRM Melb.

Careers Consultant (until June 2011)

Hicks, Kylie: BBus. BA Monash.

Manager, Strategic Development and Human Resources (On leave for 2011) Le Moignan, Catherine: BA UWA. MMgmt Monash. GDipAppSc. GDip (Ind&EmpRels) Monash.

Manager, Strategic Development and Human Resources (Job share)

Liu, Min: BAppSci (Hons) OBU. Finance and Resources Officer

Hamilton, Amanda: BA Deakin.

Academic Programs Manager

Monardo, Jake: CertIV HRM. Dip HRM VU. Human Resources Officer (from October 2011),

Qin, Rosy: BCom Melb. GDipEd Melb.

Finance and Resources Officer

Harper, Clare: BA (Hons) Hull. MA (IntEd) Nott.

Student Centre Manager

Sivaraj, Sonya: BBus LaTrobe. MHRM Melb.

Human Resources Consultant

Rycroft, Anna: BA VU. Finance and Resources Officer

Herczeg, Margaret Project Manager Jacotine, Keisha: BA (Hons) Monash.

Student Services Officer (from August 2011)

Annual Report 2011 Outlook 2012 73

Information technology professional services unit Air, Alister: BAppSc UTS. GradDip (Eco) Melb.

Manager, Information Technology Professional Services Unit Andonov, Paul: BSc (MathComp) VU. AssDip (Comp) VU. Applications Development Manager Chan, Steven: BBus (Info Sys) VU. Cert IV IT VUT. Systems Support Officer Do, Nghia: BElectEng RMIT. Systems Support Officer Everett, Michael: BSc (MathComp) VU. AssDip (BusComp) VU. Senior Applications Architect Fauzi, Fauzi: BIT CQU. Systems Support Officer Kartalis, Bill: BBus VUT. AssDip (Phys/ Comp) WMCT VUT. AdvCert (IT) FT VUT. IT Programme and Change Manager Lazo, Alfredo: BSc (Eng) Lima.

MInfoTechMgt Lima.

IT Infrastructure Manager Liew, Woei Tian: BSc La Trobe. MSc LaTrobe. GDipEc Melb.

System Support Officer Lloyd, Amanda: BBus (InfoSyst) VU. GCUM Melb.

IT Operations Manager Lo, Victor: MTech RMIT. BEng (Geom) UNSW. Mid-Level Applications Developer

Sharma, Sanjay: MSc India.

PGDipCompSysEng RMIT. Database Services Manager

Calma, Angelito: BSc BusMgt UP. MMgt UP. GradDipEdStudies UQ. DEd Melb.

Lecturer in Higher Education

Sivathash, Bala: MSc East London.

BEng India.

Systems Support Officer

Carter, Dorothea: BEd. Deakin.

Maths Tutor

Ta, Daniel Service Desk Administrator Templeton, Hetty: BBus (CompSysMgmt) VUT. GDipMgmt Melb.

IT Resources Manager Toma, Evan Trainee Support Officer Vancuylenburg, Sanjeeva Service Desk Administrator Xue, June Senior Applications Developer Uhen, Timothy: BBus (CompSys Mgmt) VUT. Client Support Manager Coskun, Susoy IT Resources Officer

Research support unit Randall, Jacqueline: BA Melb.

GDipMediaStud Deakin.

Manager, Research Support Unit

Nguyen, Fusan (Fu) IT Projects Officer

Morton, Heidi: BA (Hons) UTAS, MCom Melb.

Research Administration Officer

Rodriguez, Fernando: DipIT Box Hill TAFE. Systems Engineer

74 Annual Report 2011 Outlook 2012

Pesina, Jenny: BDesign (Multimedia), Swinburne.

Multimedia Developer: E-Learning Specialist Puglielli, Sonia: CertAdmin. Lalor Secondary Academic Programs Coordinator and Personal Assistant to Director

Shaw, Jennifer: DipIT Chisholm.

Multimedia and Administrative Assistant

Douglas, Jean: AssocDip SocSci (Child Care) Research Support Officer

Phan, Van: BCompSci VU. Applications Developer

Moore, Patrick: Cert IV (Screen Production) Adelaide.

Multimedia Developer: Film Production

Croser, Rebecca: BDes UniSA. BA (Hons) Melb. Grad Dip Arts Melb.

Senior Research Higher Degrees Officer

Moir, Wendy: BAppSc (InfoTech) (Hons) CSU. System Engineer

Pham, Quynh: BSc Monash. GDipEco Monash.

Systems Support Officer

Johnston, Carol: BCom Melb. BEd Melb.

MEd Melb. DEd Melb. Associate Dean (Accreditation).

Acting Director Teaching and Learning Unit

Puglielli, Nadia: CertAdmin. Lalor Secondary Administrative Assistant

Mohyadin, Abdi IT Resources Officer

Pham, Maggie: BBus (InfoSystems).

Service Desk Manager

Eggins, Mark: BA ProfWriting UC. MEd TESOL W’gong. GradDipEduRsrch Melb.

Cert IV Trng&Ass VU. Learning Support Officer

Braybrook, Penny: BSocSci MBIT. Research Database Manager

Decolongon, Jennifer: BA (Hons) Melb.

PhD candidate Melb. DipDramArts VCA. Academic Programs Manager (Research Higher Degrees)

Nguyen, Trung System Support Officer

Draper, Sanchia: BA Swinburne. MPPM Melb. PGDipEco Melb.

Programs and Publications Coordinator

Tang, William: BCom Melb.

GDipEDP CIT. Research Database Administrator

Teaching and learning unit Davies, Martin: BA Deakin. RSA CELTA Camb. BA Flinders. PhD GDipEd PhD Adelaide.

Associate Professor and Acting Director Beaumont, Tim: BA Adelaide. MEd RMIT. GDipEd LaTrobe.

Lecturer in Higher Education

Appointments, promotions and farewells New appointments Accounting Hosri, Paul Mr: Senior Tutor

Azpitarte Raposeiras, Dr Francisco: Research Fellow Kassenboehmer, Sonja: Research Fellow

Melbourne Institute Associate Professor Jong-Say Yong to Principal Research Fellow

Li, Dr Jinhu: Research Fellow

Dr Sung-Hee Jeon to Senior Research Fellow

Bevitt, Andrew: Programmer and Database Manager

Farewells

Macalalad, Ninette: Database Support Officer

Accounting Chen, Dr Richard

Zhang, Yunyan Dr: Senior Lecturer

Pugh, Deborah: Senior Administrative Officer

Doumbia, Ms Aminata

Economics Calderin, Dr Enrique Javier: Lecturer in Actuarial Studies

Peyton, Kyle: Research Support Officer

Lombardi, Mr Brett

Huelsbeck, David Dr: Senior Lecturer Marget, Daniel Mr: Senior Tutor Nair, Sujay Mr: Lecturer Robinson, Matthew Mr: Senior Tutor Williams, Andrew Mr: Senior Tutor

Hajargascht, Dr Gholamreza: Research Fellow in Economics McCalman, Professor Phillip: Chair in Economics Mezzetti, Professor Claudio: Chair in Economics Wozniak, Dr Tomasz: Lecturer in Economics Zhou, Dr Jin: Lecturer in Actuarial Studies Finance Fjesme, Sturla: Senior Lecturer Galpin, Neal: Senior Research Fellow Moore, Lyndon: Senior Lecturer Neyland, Jordan: Senior Lecturer Shemesh, Joshua: Senior Lecturer Van der Heijden, Thijs: Postdoctoral Research Fellow Melbourne Institute Justman, Professor Moshe: Professorial Research Fellow Haisken-DeNew, Professor John: Professorial Research Fellow Ryan, Associate Professor Chris: Principal Research Fellow van de Ven, Dr Justin: Senior Research Fellow Kecmanovic, Dr Milicia: Research Fellow

Chigavazira, Abraham: Research Support Officer

Holston, Mr James Raffa, Mr David Sharma, Mr Naman

Leung, Felix: Research Support Officer

Szabo, Mr Mark

Zhang, Rong: Research Support Officer

Tomar, Mr Sorabh

Lane, Victoria: Administrative Assistant Chen, Jenny: Administrative Assistant Cowan, Emily Kate: Administrative Assistant

Promotions Economics Associate Professor to Professor Jenny Williams Finance Lecturer to Senior Lecturer André Gygax

Taylor, Ms Alexandra Vesty, Dr Gillian Economics Cerantola, Marisa Hodler, Dr Roland Harris, Associate Professor David Koleva, Viktoriya Paarsch, Professor Harry Shah, Dr Manisha Yektas, Dr Hadi Finance Brown, Dr Rayna Scheule, Dr Harald Zhang, Dr Liang

Management and Marketing Associate Professor to Professor Christina Cregan

Management and Marketing Whitwell, Professor Gregory

Senior Lecturer to Associate Professor Liliana Bove

Zhu, Associate Professor Ying

Senior Lecturer to Associate Professor Prakash Singh

Yang, Dr Shu-Jung (Sunny)

Melbourne Institute Cowan, Emily Kate Dunn, Ross Kim, Dr Jounghyeon Kuehnle, Daniel

Jha, Dr Nikhil: Research Fellow

Madsen, Paula

Nguyen, Dr Viet Hoang: Research Fellow

Sapar, Nicky

Annual Report 2011 Outlook 2012 75

Statistical tables Table 1 Course Enrolments, 2011*

Table 2 Teaching Load, 2000-2011

Course

Other than Higher Year Higher Degree Degree

International Total students enrolments

Total

10 176.2

2011

4524 1093 5617

0 1

2010

4554 944 5498

2446 4482

2009

4669 1136 5805

0 17.5

2008

4462 1369 5831

50 166

2007

4163 1293 5456

BCom/BPC

2 11

2006

3993 1094 5087

BCom/BSc

3 51

2005

3997 941 4938

BCom/LLB

22 25

2004

3840 727 4567

BE/BCom

27 145

2003

3793 571 4364

0 0

2002

3570 419 3989

2001

3264 331 3595

2000

3073 266 3439

BA/BCom BAgr/BCom BCom BCom/BIS BCom(Hons)

BMus/BCom Total Undergraduate**

2560

5074

Certificates

–

5

Diplomas

4 13

Masters (CW)

696

942

Masters (Res)

-

1

PhD Total Graduate Total

Table 3 Teaching and Research Staff by Category, 2011 Category Number

42 71 742

1031

3,302

6,105

Professor 45 Above Senior Lecturer

37

Senior Lecturer

44

* Data Source: Finance & Planning Group (MIL)

Lecturer 75

** Does not include Bridging Programme, Continuing Ed, Enabling Course, Study Abroad/Exchange Programs

Below Lecturer

25

Total 226

Table 4 Full-Year Teaching Load by Nature of Enrolment, 2011

Level

Bachelors (Pass) Bachelors (Honours)

Australian International Australian subsidised fee-paying fee-paying

2081

2155

112

51

Diploma Masters (Coursework)

1

75

4312

1

164

38 48

103

738

178

1020

1

0

0

1

Masters (Research) PhD Total

10

Total

29 2327

76 Annual Report 2011 Outlook 2012

43 2998

0 72 291

5617

Table 5 Full-Year Teaching Load by Department, 2011 Higher Higher

Under- Degrees Degrees Department graduate Diplomas (Coursework) (Research) Total

Accounting

929

4

279

4 1215

Economics

1543

10

206

25 1785

994

7

303

11 1314

1010

27

233

27 1298

Finance Management Melbourne Institute

0

Total

0

4476

0

48

6

1020

6

73 5617

Notes: Components may not add to totals owing to rounding.

Higher Degrees (Research) total for Economics includes Actuarial Studies.

Table 6 Number of Academic and Professional Staff by Department, 2011

Department

Teaching and Research Only Full-time Casual

Faculty General

Research Only Full-time Casual

8.20 1.27

2.00 0.66

43.25

Economics

51.00 20.63

3.00 5.41

Finance

30.25 12.28

1.00 0.73

Management and Marketing

35.30

11.07

2.00

2.38

10.00

1.23

0.00

0.00

55.40

0.76

10.60

0.66

168.00

49.75

64.40

11.52

179.60

15.04

Total

1.00

134.00 9.81

Accounting and Bus InfoSys

Melbourne Institute

4.50

Professional Staff Full-time Casual

1.58

7.50

0.66

8.50 0.56 9.00 2.12

$million

Table 7 Total Operating Expenditure 70

Non-salary

60

Salary

50 40 Not included in non-salary costs is the University Overhead of $45.95m

30 20 10 0

* Data Source: December 2011 Accounts 2004

2005

2006

2007

2008

2009 2010 2011*

Table 8 Sources of Revenue 100% 80%

5.1% 19.1%

5.2% 19.3%

60% 57.2%

57.4%

18.6%

18.2%

1.6% 12.5%

66.8%

5.5% 11.4%

4.6% 12.0%

66.8%

69.5%

15.4%

13.8%

2.8%

3.0%

3.1%

10.1%

10.0%

14.0%

Other Research income Student fee income

67.0%

67.0%

61.6%

20.0%

20.0%

21.3%

DEEWR operating grant

40% 20% 0%

19.1%

* Data Source: December 2011 Accounts (Excludes NGD Pooling)

2004 2005 2006 2007 2008 2009 2010 2011*

Annual Report 2011 Outlook 2012 77

Faculty of Business and Economics The University of Melbourne Victoria 3010 Australia Phone: + 61 3 8344 5311 www.fbe.unimelb.edu.au Graduate School of Business and Economics Level 4, 198 Berkeley Street The University of Melbourne Victoria 3010 Australia Phone: +61 3 8344 1670 www.gsbe.unimelb.edu.au

Publication disclaimer: The University has used its best endeavours to ensure the material contained in this publication was correct at the time of printing. The University gives no warranty and accepts no responsibility for the accuracy or completeness of information and the University reserves the right to make changes without notice at any time in its absolute discretion. Users of this publication are advised to reconcile the accuracy and currency of the information provided with the relevant faculty or department of the University before acting upon or in consideration of the information. Copyright in this publication is owned by the University and no part of it may be reproduced without the permission of the University. Authorised by the Dean.

Published by the Faculty of Business and Economics, April 2012 © The University of Melbourne Photography by: © Patrick Moore © Sanjeeva Vancuylenburg © Joe Vittorio

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