2013 Annual Report by The Faculty of Business and Economics, The University of Melbourne

ANNUAL REPORT 2013, OUTLOOK 2014

ANNUAL REPORT 2013 OUTLOOK 2014

FACULTY OF BUSINESS AND ECONOMICS

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

VISION The leadership of the Faculty of Business and Economics at the University of Melbourne will be indicated by: • Ranking in the top 25 business and economics schools worldwide • Achieving the highest ranking nationally among schools of business and economics • Attracting the most talented students and staff to study and work in the Faculty • Being employers’ first choice for graduates • Being an organisation’s first choice for executive education • Providing expert advice on issues critical to the economic and social wellbeing of communities, enterprises and societies.

ACADEMIC EXPERTISE The Faculty has world-class research credentials and delivers impressive education outcomes in all of its disciplines. Our departments of Accounting, Business Administration, Finance, Economics, Management and Marketing and the Melbourne Institute are the foundation of our excellence and at the heart of a thriving academic environment.

ANNUAL REPORT 2013, OUTLOOK 2014

CONTENTS

The Faculty

Deansâ&#x20AC;&#x2122; report and outlook

Teaching and learning

Our students

Academic expertise

Accounting 22 Business Administration

Economics 26 Finance 28 Management and Marketing

Melbourne Institute

Professional staff

Research and research training

Our community

Appendices

FACULTY OF BUSINESS AND ECONOMICS

The Faculty

ABOUT THIS REPORT The Faculty of Business and Economics produces an annual report because we have a strong commitment to communicating with our stakeholders honestly, openly and effectively. The Report forms a record of our history over time – allowing us to reflect and take pride in yearly achievements and measure these against our strategic goals. The report facilitates our communication with important stakeholders including alumni, business and the community, prospective staff and students and our valued donors and corporate partners.

ABOUT US

The Faculty of Business and Economics is a leading centre of teaching and research in the disciplines of accounting, actuarial studies, business administration, economics, finance, management and marketing.

The 2013 report reflects a transitional period for the Faculty during the implementation of the early stages of the Collaboration Agreement with Melbourne Business School (MBS) Ltd. Therefore it does not incorporate a comprehensive MBS Ltd report.

STRATEGY

WHAT WE TEACH

ACADEMIC EXPERTISE

Our strategy is aligned and embedded in the overarching strategy for the University of Melbourne. Long-term achievements in delivering high-quality research, teaching and engagement outcomes, while maintaining a sustainable and responsible financial position, provide the foundations for achieving our key strategic imperatives for the next five-year period, 2013–2017.

UNDERGRADUATE

Our academic expertise is located in six discipline-specific departments:

HISTORIC COLLABORATION A collaboration agreement was signed in May 2013 between the Faculty of Business and Economics and Melbourne Business School Ltd to create the University’s sole graduate school for business and economics. More than 30 graduate programs, including the flagship MBA, are now being marketed under the internationally recognised Melbourne Business School brand.

The focus of the undergraduate program is to maintain and build the very best Bachelor of Commerce (BCom) and honours programs available. GRADUATE Melbourne Business School offers graduate programs for recent and early career professionals and programs for those taking further steps in leadership. The School has a reputation as the home of the nation’s most outstanding graduate business and economics programs. GRADUATE RESEARCH DEGREES We have a strong tradition of excellence in research and research training across all of the key business and economics disciplines. Our departments host around 100 candidates who are studying for a PhD or Masters by Research. EXECUTIVE EDUCATION Our range of innovative Executive Education programs includes Executive Education Degrees, Open Programs and Custom Programs.

• Accounting • Business Administration • Economics and Actuarial Science • Finance • Management and Marketing • Melbourne Institute. See the section ‘Academic expertise’ on pages 22–33 for individual department reports and Appendix D on pages 58–71 for a full list of staff.

ANNUAL REPORT 2013, OUTLOOK 2014

05 5

FACULTY OF BUSINESS AND ECONOMICS AT A GLANCE

Russian Federation

Canada USA

Brazil Chile Peru

Professor Paul Kofman

Professor Zeger Degraeve

Professor Paul Kofman and Professor Zeger Degraeve are Co-Deans of the Faculty of Business and Economics.

The Faculty of Business and Economics (FBE) was founded in 1924. The founding Dean was Sir Douglas Copland.

The Faculty is ranked no. 21 globally (within the Social Sciences subject rankings), Times Higher Education World University Rankings 2013–2014.

Melbourne Business School (MBS) has one of the top two Australian MBA programs in the Financial Times’ annual global full-time top 100 MBA rankings (2014).

Denmark France Germany Morocco The Netherlands Sweden

Botswana Zimbabwe

Bangladesh India Iran Pakistan Sri Lanka

Australia New Zealand

Burma Cambodia China Hong Kong Indonesia Japan Laos Macau Malaysia Philippines Singapore South Korea Taiwan Thailand Vietnam

We have an active domestic and international alumni community of more than 37 000 in more than 89 countries, in particular the South East Asia region.

Our graduate programs in business and economics are taught through Melbourne Business School. Professor Zeger Degraeve is Dean of the School.

The Faculty is ranked 8th globally and first in the Asia–Pacific for Accounting and Finance, and 23rd globally for Economics and Econometrics, QS World University Rankings by Subject 2014.

We are home to the Melbourne Institute, one of Australia’s eminent and enduring research institutes in the field of economics.

The University of Melbourne is the no. 1 Australian university and no. 34 globally, Times Higher Education World University Rankings 2013–2014.

Our undergraduate Bachelor of Commerce (BCom) is the most highly sought-after program of its kind in Australia.

The Business and Economics Board is an industry board that provides curriculum guidance, engages in relationships with business, government and the not-for-profit sectors, and raises funds.

FACULTY OF BUSINESS AND ECONOMICS

LEADERSHIP AND GOVERNANCE FACULTY LEADERSHIP

Co-Deans Professor Paul Kofman and Professor Zeger Degraeve are Co-Deans of the Faculty and have overarching responsibility for all faculty matters. In addition, Professor Kofman is Sidney Myer Chair of Commerce and Professor Degraeve is Dean of the Melbourne Business School.

Associate Dean (Research and Research Training), Professor John Haisken-DeNew Professor Haisken-DeNew is responsible for providing strategic support to the Co-Deans by implementing the Faculty’s research and research training agenda. He is supported by the Faculty’s Research Professional Service Unit and the Faculty Research and Research Training Committee.

Deputy Dean, Faculty, Professor Nilss Olekalns

Associate Dean (Global Engagement), Professor Bill Harley Professor Harley is responsible for strengthening the Faculty’s global engagement activities and enhancing its international standing and contributions. He is Co-Chair of the Faculty’s External Relations Committee with Ms Sarah Seedsman.

Professor Olekalns is responsible for maintaining the quality of the Bachelor of Commerce and the Bachelor of Commerce (Honours) programs. He provides leadership in curriculum, program development, student support, knowledge transfer and the development of collaborative relationships with other faculties. He is also responsible for Faculty-wide academic staffrelated matters.

Executive Director, Ms Diana Dalton Ms Dalton is responsible for overseeing the administrative functions of the Faculty and for representing the Faculty at key University administrative forums. She provides advice to the Co-Deans on key strategic issues and significant change agendas. In conjunction with the Deans, she is responsible for the business planning and load management of the Faculty.

ANNUAL REPORT 2013, OUTLOOK 2014

Collaboration agreement On 1 May 2013, the Faculty of Business and Economics and Melbourne Business School Ltd entered into an historic collaboration agreement.

For the first time in several decades, there is a sole graduate provider for business and economics studies within the University of Melbourne.

MBS LEADERSHIP

Dean, Professor Zeger Degraeve Professor Degraeve is Dean and CEO of Melbourne Business School Ltd, a Director on the MBS Board and Co-Dean of the Faculty of Business and Economics (see previous page). He is also Director of the Melbourne Business School Foundation Ltd and Mt Eliza Graduate School of Business and Government Ltd.

Deputy Dean, Executive Education, Professor Paul Dainty Professor Dainty has responsibility for Open Programs, corporate programs, business development, design and learning methods, business effectiveness and the associate network.

Chief Operating Officer, Mr Marc Flipo Mr Flipo is responsible for the financial management of MBS Ltd as well as its IT services, hotel and facilities management and human resources.

Deputy Deans, Melbourne Business School, Professor Nasser Spear and Professor Jim Fredrickson Professor Nasser Spear and Professor Jim Fredrickson lead the integration of all graduate programs and maintain and enhance the Facultyâ&#x20AC;&#x2122;s academic standards for graduate programs. They provide leadership in curriculum design, program review and development, academic development and knowledge transfer relating to learning and teaching, and they ensure a quality experience for graduate students.

Associate Dean, Academic Programs, Ms Laura Bell Ms Bell is responsible for academic program matters for the MBS Ltd suite of programs, including admissions, student services, careers development and library services.

Associate Dean, External Relations, Ms Sarah Seedsman Ms Seedsman oversees the function of external relations for MBS Ltd, including marketing and communications, alumni relations, development and events.

FACULTY OF BUSINESS AND ECONOMICS

GOVERNANCE GOVERNANCE PRE-COLLABORATION

GOVERNANCE POST-COLLABORATION

THE BUSINESS AND ECONOMICS BOARD

Prior to the collaboration, the Dean, Professor Paul Kofman, was 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.

Subsequent to the collaboration, the governance structure was revised, with many committees drawing members from the expanded Faculty, and some committees changing their focus. Under the Collaboration Agreement there are Co-Deans Professor Kofman and Professor Zeger Degraeve. MBS Ltd continues to be governed by its Board of Directors. MBS Ltd is 55% privately owned, with the University of Melbourne owning the remaining shares.

The Business and Economics Board is an industry board that provides curriculum guidance and links the Faculty with the developments and needs of the business world and beyond. It comprises prominent leaders drawn from the highest levels of business and public life in Australia, and challenges us to become the leading business and economics faculty and business school in the region and one of the best in the world.

Key Faculty Committees included: • Business and Economics Board • Faculty Executive Committee and its reporting committees (Research Committee, Graduate Coursework and Research Training Committee, Global Engagement Committee and the OH&S Committee)

The post-collaboration governance structure of the Faculty is outlined in the chart below.

• Faculty Consultative Committee.

Post-collaboration governance structure

Executive Team

Senior Academic Leadership Group

DEANS

BCom Course Standing Committee Business & Academic Board Faculty Consultative Committee Alumni Council

Faculty Executive Committee

Graduate Programs Committee

Research Committee

External Relations Committee

Scholarship Committee

Occupational Health & Safety Committee

Staff Equity & Diversity Committee

Information Technology Committee

ANNUAL REPORT 2013, OUTLOOK 2014

Dr Peter Yates continued as Board Chair in 2013. Professor Graham Sewell stepped down as Head of Department and subsequently as a Board member at the end of 2012, and incoming Head of the Department of Management and Marketing, Professor Leisa Sargent, was appointed to the Board as the Heads’ representative from January 2013. Business and Economics Board Members in 2013 Dr Peter W Yates AM Chair, Business and Economics Board *Mr Anthony Burgess (Chair, the Melbourne Foundation for Business and Economics) Mr Angus Barker Mr Paul Bassat The Hon John Brumby Mr Terrence Campbell AO *Professor Zeger Degraeve (from 1 May 2013) Ms Paula Dwyer Mr Peter Gunn AM *Professor Paul Kofman Mr Chris Leptos AM Mr Hugh Morgan AC Mr Rupert Myer AM Professor Nilss Olekalns Dr James Riady

provider for business and economics studies within the University of Melbourne. As part of the collaboration, in 2013 the Business and Economics Board member Tony Burgess took up a seat on the Melbourne Business School Board of Directors and the Dean of the Melbourne Business School, Professor Zeger Degraeve, took up the seat of Co-Dean of the Faculty of Business and Economics on the Business and Economics Board. The Board continued its role in assisting the Faculty to meet its strategic objectives, particularly the establishment and maintenance of the Faculty’s corporate and public policy relationships. The assistance of Board members in the development of the Faculty’s successful tender for a Centre for Workplace Leadership is just one example of the important role played by the Board. One member stepped down from the Board at the end of 2013, and on behalf of the Business and Economics Board, I thank Mr Terry Campbell for his contribution.

Dr Yates is Director of the Australian Chamber Orchestra, the Australia-Japan Foundation, the Centre for Independent Studies, the Centre of Excellence for Quantum Computation and Communication Technology and the Royal Children’s Hospital. From 2004 to 2007 Dr Yates was Managing Director of Oceania Capital Partners and held the position of Chief Executive Officer of Publishing and Broadcasting Ltd from 2001 to 2004. Until 2001, he worked in the investment banking industry, including 15 years with Macquarie Bank. He holds a Doctorate from Murdoch University, a Masters degree from Stanford University Graduate School of Business and a Commerce degree from the University of Melbourne. He speaks Japanese, having studied at Keio University in Tokyo. Dr Yates has been a director of Publishing and Broadcasting, Crown Ltd, Foxtel Ltd, Nine Network, ninemsn, Ticketek, Veda Ltd, Oceania Capital Partners Ltd, the National Portrait Gallery and the Melbourne International Arts Festival.

The Board looks forward to 2014, a year in which the further refinement of the collaboration of the Faculty of Business and Economics and Melbourne Business School Ltd continues to strengthen the University of Melbourne’s position as Australia’s premier provider of business and economics education. Business and Economics Board – Member Profiles

Professor Leisa Sargent Professor Nasser A Spear MR ANTHONY BURGESS

Dr Lynne Williams Mr Kevin Wong * Also sits on the MBS Ltd Board of Directors.

Report from the Chair On 1 May 2013, the Faculty of Business and Economics and Melbourne Business School Ltd entered into an historic collaboration that forges closer ties between the two entities and further strengthens the global competitiveness of research and teaching in business and economics in Melbourne. Board members played an integral part in facilitating the agreement between these two complex organisations, in an arrangement that was neither a corporate merger nor a takeover. Under the collaboration, Melbourne Business School became the graduate school of an expanded Faculty of Business and Economics, and all graduate programs in business and economics are now offered under the MBS brand. For the first time in several decades, there is a sole graduate

DR PETER YATES AM (Chair, Business and Economics Board) Peter Yates is Deputy Chairman of The Myer Family Company Ltd, a Director of AIA Australia Ltd and MOKO.mobi. He is Chairman of the Royal Institution of Australia, the Australian Science Media Centre, the Faculty of Business and Economics at the University of Melbourne, the Royal Children’s Hospital Foundation and Deputy Chairman of Asialink.

(Chair, The Melbourne Foundation for Business and Economics) Tony Burgess is Chief Executive Officer of Flagstaff Partners, 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 (Distinction) from Harvard Business School (1985) and a Bachelor of Commerce (First Class Honours) from the University of Melbourne (1981). He is a member of CPA Australia, a Fellow of the Financial Services Institute of Australasia and a former member of the Takeovers Panel (2001–04). He is Director of listed investment company Diversified United Investment Ltd, Director of Melbourne Business School Ltd and Governor of the Ian Potter Foundation.

FACULTY OF BUSINESS AND ECONOMICS

Business and Economics Board Members Continued Mr Bassat co-founded SEEK in 1997 and served as CEO and then as Joint CEO from 1997 to 2011. SEEK is the world’s largest online employment business and within 13 years went from a startup to one of Australia’s top 100 companies, with a market capitalisation of $2.5 billion. SEEK has operations in numerous markets throughout Australasia, Asia and Central and South America. SEEK has consistently been ranked as one of Australia’s best employers over the past decade.

MR ANGUS BARKER Angus Barker is a Senior Adviser in the Office of the Federal Minister for Trade and Investment, the Hon Andrew Robb AO MP. He has over 20 years of corporate finance experience in Australia, Europe and Asia, including 12 years based in Hong Kong, where he was the Asian Head of Mergers and Acquisitions for a major investment bank. Mr Barker holds a Bachelor of Commerce (First Class Honours) from the University of Melbourne, and a Master of Philosophy from the University of Cambridge, which he attended as a Fellow of the Cambridge Commonwealth Trust. He is Chairman of the Alumni Council for the Faculty of Business and Economics.

Mr Bassat started his career as a lawyer and practised for six years, working on a range of corporate transactions. Mr Bassat holds a Bachelor of Laws and a Bachelor of Commerce from the University of Melbourne.

THE HON JOHN BRUMBY

MR PAUL BASSAT Paul Bassat is a co-founder and major shareholder in Square Peg Capital, which is an investor in earlystage and growth-stage technology business in Australia and other markets. Mr Bassat is a Director of Wesfarmers Ltd and a Commissioner of the Australian Football League (AFL). He is on the board of a number of not-for-profit organisations including the Faculty of Business and Economics at the University of Melbourne, the Peter MacCallum Cancer Foundation, the Mount Scopus College Foundation and the P&S Bassat Foundation. He was designated as a Young Global Leader of the World Economic Forum in 2009.

John Brumby has significant experience in public life, serving for more than 10 years as Treasurer and then Premier of Victoria (2007–2010), six years as Leader of the Opposition in Victoria and seven years as Federal MHR for Bendigo during the period of the Hawke Government. Since retiring from politics, Mr Brumby has accepted a number of board positions as well as a joint appointment to both the University of Melbourne and Monash University as a Vice Chancellor’s Professorial Fellow. He is Chairman of the Motor Trades Association of Australia (MTAA) Superannuation Fund, Deputy Chair of Industry Super Australia, an Independent Director of Huawei Technologies (Australia) Pty Ltd, a Director of Citywide Solutions Pty Ltd and Chairman of the COAG Reform Council. In addition, Mr Brumby is the Chairman of Trustees of the Joe Welch Bursary Trust, a Board Member of the Fred Hollows Foundation, an Australia Day Ambassador, Chair of the Advisory Board of the National Centre for Workplace Leadership based at the University of Melbourne, a Member of the Leadership Advisory Board of the Australian Regenerative Medicine Institute (ARMI) at Monash University and a Member of the Monash Business Policy Forum Steering Group.

MR TERRENCE CAMPBELL AO Recognised as one of Australia’s pre-eminent brokers, Terry Campbell is Senior Chairman of Goldman Sachs Australia and New Zealand. With more than 50 years of 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 and of the Australian Foundation, and Deputy Chairman of Australian Foundation Investment Company. He holds 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 community-based projects and not-for-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.

PROFESSOR ZEGER DEGRAEVE (FROM 1 MAY 2013) Zeger Degraeve joined Melbourne Business School in November 2011 as Dean. A leading expert in decision making, risk, operations research and managing project portfolios, Professor Degraeve spent 12 years at London Business School. He was Deputy Dean Programs

ANNUAL REPORT 2013, OUTLOOK 2014

and the inaugural Sheikh Mohammed Bin Rashid Al Maktoum Professor of Innovation in recognition of his work establishing London Business School’s Centre in Dubai. As Professor of Decision Sciences, Zeger won numerous teaching and research awards for his ability to engage students and contribute to knowledge. Professor Degraeve received his PhD from the University of Chicago, an MBA from Katholieke Universiteit Leuven and an MSci in Engineering from Ghent University in Belgium.

and Sidney Myer Chair of Commerce from 1 May 2012. 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 Australian Office of Financial Management. MR PETER GUNN AM

MS PAULA DWYER Paula Dwyer is the Chairman of Tabcorp Holdings Ltd and Deputy Chairman of Leighton Holdings Ltd, Director of the ANZ Banking Group and Lion Pty Ltd. She is a member of the International Advisory Board of Kirin Holdings of Japan.

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.

Her past appointments include serving as a Director of Suncorp Group Ltd, Astro Japan Property Group, Fosters Ltd, Healthscope Ltd, Promina Group Ltd, David Jones Ltd and RACV Ltd, as a Member of the Victorian Casino and Gaming Authority and of the Victorian Gaming Commission, as a Deputy Director of Emergency Services Superannuation, VicSuper and Government Superannuation Office and as the Deputy Chairman of the Baker IDI Heart and Diabetes Research Institute. Ms Dwyer holds a Bachelor of Commerce from the University of Melbourne (1982), is a Fellow of the Institute of Chartered Accountants, a Fellow of the Institute of Company Directors and a Senior Fellow of Finsia.

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 in 1994 to Australia, where he has held a number of senior University roles including as Deputy Dean (Faculty) from 2010 until 2012. He was appointed Dean of the Faculty of Business and Economics

MR CHRIS LEPTOS 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 recent past Director of the Asia Society and Asialink, and a volunteer CFA firefighter. Mr Leptos graduated from the University of Melbourne with a BCom (1980) and an 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.

FACULTY OF BUSINESS AND ECONOMICS

Business and Economics Board Members Continued Council; as a Member of the Felton Bequests’ Committee; as a Board Member of Jawun – Indigenous Corporate Partnerships, the Myer Foundation and the Australian International Cultural Foundation; and is a Director of Creative Partnerships Australia.

DR JAMES RIADY MR HUGH MORGAN AC Hugh Morgan is CEO of First Charnock Pty Ltd. Previous positions held include Director of Marketing and Finance 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 VicePresident of the Minerals Council of Australia (formerly Australian Mining Industry Council); Vice-Chairman 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. Mr Morgan 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 RUPERT MYER AM Rupert Myer is the Deputy Chairman of Myer Holdings Ltd and is a Director of AMCIL Ltd. Mr Myer serves as Chairman of the Australia

PROFESSOR NILSS OLEKALNS Nilss Olekalns (BEc Hons, MEc, MA, PhD) is Professor of Economics. He held the position of Head of the Department of Economics at the University of Melbourne from 1 January 2007 to 1 July 2012, when he was appointed Deputy Dean (Faculty). He holds degrees from the University of Adelaide, the Australian National University, the University of Western Ontario and La Trobe 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 Australia 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 Journal of Political Economy, Review of Economics and Statistics, Journal of Macroeconomics, Journal of International Money and Finance, Southern Economic Journal and Economic Record. He has also received numerous awards for his teaching, including the inaugural Edward Wood Prize for Teaching Excellence. With Ben Bernanke, he is co-author of the bestselling introductory macroeconomics textbook in Australia, Principles of macroeconomics, now in its third edition. He also presents the online Principles of Macroeconomics subject through Coursera to over 20 000 students.

James Riady is CEO of the Lippo Group of Companies, which is involved in healthcare, retailing, telecommunications, media, properties, and financial services. Dr Riady is the founder and Chairman of the Pelita Harapan Educational Foundation, which operates two universities and 25 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 a Member of the International Business Council. In the Republic of Indonesia, Dr Riady was Ambassador at Large and Special Envoy of the President from 1988 to 2000 and a Member of the Peoples’ Consultative Assembly (MPR) also from 1988 to 2000. 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 La Trobe University and Ouachita Baptist University.

PROFESSOR LEISA SARGENT Leisa Sargent is the Head of the Department of Management and Marketing in the Faculty of Business and Economics. She was awarded her PhD from the Rotman School of Management, the University of Toronto. She has held posts at Cornell University and Queensland University of Technology.

ANNUAL REPORT 2013, OUTLOOK 2014

She has been an expert witness in the Industrial Relations Commission, focusing on the detrimental effects of job changes in the healthcare sector, and has co-authored a submission to the Senate inquiry into aged care. Her organisational research includes careers, work transitions, retirement and organisational behaviour. Most recently she has taken an evidence-based approach to developing leadership capabilities and retaining managerial talent in Australian businesses. This research has contributed to her executive education practice. Her work is published in a range of journals including Organization Science, Human Relations, Journal of Vocational Behavior, Journal of Occupational and Organizational Psychology, Work and Stress, Small Group Research and British Journal of Industrial Relations as well as in edited books. Most recently she co-authored a piece for the World Economic Forum on the HR needs for an ageing population.

PROFESSOR NASSER A SPEAR Nasser Spear is GL Wood Professor of Accounting and the Deputy Dean (MBS) in the Faculty of Business and Economics. His previous positions in the Faculty include Associate Dean (Global Engagement) and the Head of the Department of Accounting. Professor Spear’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. Professor Spear received his PhD from the University of North Texas and has published in leading international accounting journals such as Accounting Review, 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.

DR LYNNE WILLIAMS Lynne Williams is chair of the Victorian Government Purchasing Board, is a Commissioner of the Essential Services Commission of South Australia and of the Victorian Building Authority, a member of the Victorian Legal Services Board and a Director of Athletics Victoria Trust. Dr Williams also sits on the University of Melbourne Sport Board and the Board of the Faculty of Business and Economics. She a Fellow of the Institute of Public Administration Australia (IPAA) and of St Hilda’s College (University of Melbourne) and is a member of the Australian Institute of Company Directors and Vice President of Athletics International (Australia). She previously worked as an economist in the public sector for over 30 years, and held senior executive positions at both the Federal and Victorian State levels. She holds masters degrees in economics from the University of Melbourne and the London School of Economics. She has a PhD from Monash University.

corporate advisory and mergers and acquisitions. Prior to his last assignment in Malaysia, he had 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. He is a member of the Institute of Chartered Accountants in Australia and holds a Bachelor of Commerce from the University of Melbourne. He was formerly a Council Member of International House at the University of Melbourne from 2004 to 2011. FACULTY EXECUTIVE COMMITTEE The Faculty Executive Committee is the senior management group of the Faculty. It is responsible for approving the mission, strategic plan and budget; developing and reviewing strategies and policies to meet key performance indicators; meeting external accreditation requirements; and monitoring performance against strategic objectives. It has several reporting subcommittees: • Research Committee • Graduate Programs Committee • External Relations Committee • Occupational Health and Safety Committee • Staff Equity and Diversity Committee • Information Technology Committee. The Bachelor of Commerce Course Standing Committee reports to the Faculty Executive Committee. FACULTY CONSULTATIVE COMMITTEE The Faculty Consultative Committee is a forum for the Deans and the Faculty to communicate on a variety of issues related to the Faculty’s mission.

MR KEVIN WONG Kevin Wong was formerly a Managing Director of J.P. Morgan, as well as being the Senior Country Officer of J.P. Morgan Chase for Malaysia, with oversight for all of the firm’s Malaysian activities in investment banking, commercial banking and equities. In his 18-year investment banking career with J.P. Morgan, Kevin was primarily involved in

FACULTY OF BUSINESS AND ECONOMICS

Deans’ report and outlook We are pleased to present the Annual Report 2013, Outlook 2014, which serves to record and celebrate the achievements of the Faculty of Business and Economics, our people and our programs. It gives an overview of the year past and articulates our aspirations into the future as we strive to become a leading centre in business and economics and to grow in the esteem of our community worldwide. Below are but a few of the achievements of 2013 and you will find many more throughout the report. We hope you will read it with interest.

HISTORIC COLLABORATION AGREEMENT

NEW SCHOOL OF GOVERNMENT LAUNCHED

This year was one of considerable achievements and also considerable change. The biggest and most exciting instance of this is that on 1 May 2013, the Faculty of Business and Economics and Melbourne Business School Ltd began an historic collaboration. Under the agreement, Melbourne Business School became the University of Melbourne’s home for graduate studies in business and economics.

In June the Faculty of Business and Economics, the Faculty of Arts and the Law School at the University launched the Melbourne School of Government (MSoG). The School aims to develop innovative responses to contemporary public policy and governance questions, foster a culture of public debate and help train the Asia–Pacific’s next generation of political leaders.

For current and future students, Melbourne Business School provides a comprehensive, integrated suite of more than 30 management and specialist graduate programs in business and economics under the globally renowned MBS brand. Longer term, the collaboration will enable development of innovative new programs in response to the changing needs of business, governments and society. The collaboration builds on the heritage of both institutions. In 1963, MBS became the first institution in Australia to offer an MBA. It is now one of two Australian schools ranked in the Financial Times’ top 100 MBA programs, and is a globally recognised provider of executive education. Under the collaboration, MBS retains a unique ownership model that has enabled it to stay agile and responsive to the needs of business: 55 per cent ownership by the business community.

RIADY CHAIR IN ASIAN BUSINESS AND ECONOMICS APPOINTED In March the Faculty made a clear statement about its strategic intentions in the Asian region by appointing a renowned Asian business expert – Professor Jane Lu – to the inaugural James Riady Chair in Asian Business and Economics.

AUSTRALIAN CENTRE FOR WORKPLACE LEADERSHIP June also saw the genesis of the Centre for Workplace Leadership, which aims to produce knowledge that works in ‘real-world’ situations based on issues and challenges that face all Australian workplaces and leaders. The Centre will collaborate with other universities, industry peak associations and the Australian Council of Trade Unions (ACTU) to deliver workplace management training, with a focus on managers in small and medium-sized businesses. The Director is Professor Peter Gahan and his leadership team consists of theme leaders Professors Bill Harley and Robert Wood and Associate Professor David Shallcross, Research Manager Dr Brigid van Wanrooy and Educational and Programs Manager Dr Josie Daw. The Centre has attracted research funding of $12 million over four years and $5 million cash and in-kind contributions from businesses and the University.

HOW THE BRAIN MAKES FINANCIAL DECISIONS NEW DEPARTMENT OF BUSINESS ADMINISTRATION In May the new Department of Business Administration was established as a part of the collaboration between Melbourne Business School Ltd and the University of Melbourne. Department academic staff had outstanding success during 2013 in obtaining research grants from the Australian Research Council. Read more on pages pages 24–25

‘How the brain makes financial decisions’ was the opening keynote speech of the 2013 Finance Down Under® Conference, delivered by the world-renowned expert in this field, Professor Peter Bossaerts of the California Institute of Technology.

ANNUAL REPORT 2013, OUTLOOK 2014

OUTLOOK 2014 HILDA REPORT SOUNDS THE ALARM ON CHILD POVERTY In June the Household, Income and Labour Dynamics in Australia (HILDA) Survey reported that Australian children under the care of just one parent are three times more likely than other children to live in poverty. HILDA is a long-running and widely respected survey project located in the Melbourne Institute.

ACCOUNTING HEAD APPOINTED TO PRESTIGIOUS CHAIR The Department of Accounting’s newly appointed Head of Department Professor Anne Lillis has been appointed to the Fitzgerald Chair in Accounting. Professor Lillis is Chair of the Institute of Chartered Accountants in Australia (ICAA) Management Accounting Module Advisory Panel, and is a member of the ICAA Education Board. She is actively engaged in academic and governance activities of the American Accounting Association Management Accounting Section. Professor Lillis is an Associate Editor of Journal of Management Accounting Research, and a member of the editorial boards of Accounting, Organizations and Society, Contemporary Accounting Research, Behavioural Research in Accounting, Abacus and the European Accounting Review.

CELEBRATION In October we held the event Celebrating Copland. The opportunity acknowledged the remarkable contributions of our founding Dean Douglas Copland to commerce education and public policy. In his honour, the main lecture theatre at 198 Berkeley St has been renamed the Copland Lecture Theatre. The event also launched his biography, written by Marjorie Harper, and Sir Douglas Copland Chair of Commerce, Professor Margaret Abernethy, spoke about his legacy.

In mid-2013, the University of Melbourne embarked on a Business Improvement Program (BIP), which will be fully implemented in the second half of 2014. The BIP objectives are to enable academic performance, improve student experience, enable professional excellence, and increase efficiency − making university processes and systems as simple and as effective as possible for all. As the year progresses the detail of the program and ramifications for the Faculty will become clearer and we should have new structures and processes in place by the end of the year. The University of Melbourne has awarded the Faculty and Melbourne Business School $500 000 for the next five years to support our Collaboration Agreement. We have decided to allocate a portion of these funds to the establishment of joint research groups or centres. This support will enable us to build our intellectual capital and align our research interests. The Faculty has made significant progress in the implementation of its Asia Strategy. A number of partnership agreements have been developed, with several more being discussed. There have been numerous activities focused on the region including public lectures, alumni events and industry-based activities. In 2014, the Faculty will continue to focus on giving our students first-hand experience of the diverse business environments in Asia as well as developing a multifaceted engagement strategy with leading Asian academic institutions and corporations, to confirm our intentions to effectively engage in the study of Asian business and economics. The Melbourne Institute will be hosting the 2014 Economic and Social Outlook Conference on ‘Pathways to Growth – The reform imperative’. Issues explored will include budget sustainability, education, infrastructure, trade with Asia, aged care, federalism, the labour market and employment, climate change and energy, social disadvantage and exclusion and the end of the age of entitlement. The Outlook Conference attracts Australia’s leading public policy and corporate speakers and is hosted and covered in collaboration with The Australian newspaper. The Faculty hosted the fourth annual Melbourne Foundation for Business and Economics Dinner in the Great Hall, National Gallery of Victoria, with Mr Sam Walsh AO (BCom 1972), Chief Executive of Rio Tinto, as the keynote speaker. Last year 580 senior business leaders, 405 of whom were identified as alumni, attended the dinner, raising funds for the Melbourne Foundation for Business and Economics. We sincerely thank our Foundation donors who through their generosity enable us to build our research projects, offer more scholarships and provide bursaries that give students opportunities for a global experience. Professor Paul Kofman Dean, Faculty of Business and Economics Sidney Myer Chair of Commerce Professor Zeger Degraeve Dean, Faculty of Business and Economics Dean, Melbourne Business School

FACULTY OF BUSINESS AND ECONOMICS

Teaching and learning

TEACHING EXCELLENCE AWARDED

The Faculty was successful in receiving five University Learning and Teaching Initiative Grants to support innovations in curriculum with a particular focus on e-learning initiatives. The Faculty celebrated with Dr Sean Pinder from the Department of Finance, who won the University Edward Brown Award for Teaching Excellence. The winner of the Faculty Carol Johnston Award for Teaching Excellence went to Dr Paul Bergey from the Department of Management and Marketing, and the Excellence in Tutoring

Award in 2013 went to Austin Chia, also from the Department of Management and Marketing. For the second year, the Centre for Excellence in Teaching and Learning (CELT) hosted the Higher Education Research and the Student Learning Experience in Business events, with the themes focusing on e-learning, educational technologies and mobile learning; e-teaching; creating online learning; student-centred learning; and other key issues in higher education today.

Left to right: Sean Pinder, Paul Bergey and Austin Chia have been acknowledged for their outstanding contributions to our studentsâ&#x20AC;&#x2122; learning experiences.

In addition, the following teachers were awarded teaching certificates for outstanding results on the Subject Experience Survey: Level

Undergraduate

Accounting

Economics

Finance

Management & Marketing

Greg Cusack

Chris Edmond

Rob Brown

Ben Neville

Noel Boys

David Byrne

Stefan Petry

Danielle Chmielewski-Raimondo

Qingbo Yuan

Eik Swee

John Handley

Gergely Nyilasy

Jeanette Lye

Helen Hu

Jeffrey Borland

Hugh Gundlach

Matthew Greenwood-Nimmo

Liliana Bove

Mike Pottenger

Marie Maragos

Ping Chen

Philip Harris

Reshad Ahsan

Robin Canniford

Robert Dixon

Simon Bell

Tom Wilkening

Bryan Lucas

Vance Martin Chris Edmond

Gergely Nyilasy

Honours

Robin Canniford David Dickson Maurice Ng

John Handley

Daniel Samson Danielle Chmielewski-Raimondo Gergely Nyilasy

Graduate

Paul Bergey Peter Verhezen Philip Harris Robin Canniford

ANNUAL REPORT 2013, OUTLOOK 2014

UNDERGRADUATE

GRADUATE

The Bachelor of Commerce, one of the University’s flagship programs, has been taught at the Faculty since 1925. The degree continues to attract the best and brightest students from around the world, and is recognised among international employers as a key source of talent. Around 1300 students graduate from the BCom each year. The Faculty also teaches the Economics major in the Bachelor of Arts, and reaches thousands of students across the University through undergraduate breadth subjects. UNDERGRADUATE PROGRAMS

Melbourne Business School (MBS) is where academic rigour and the relevance of the business world come together to equip emerging leaders with the knowledge, research insights and skill to lead and make an impact. As a result of the collaboration between the University of Melbourne’s Faculty of Business and Economics and Melbourne Business School, Melbourne now boasts one of the Asia–Pacific’s most comprehensive business education precincts with a reputation as the home of the nation’s most outstanding graduate business and economics programs.

• Bachelor of Commerce

GRADUATE PROGRAMS

• Bachelor of Commerce (Chancellor’s Scholars Program) • Bachelor of Commerce (Honours)

– Graduate Diploma in Accounting – Master of Accounting • Actuarial Science – Graduate Diploma in Actuarial Science – Master of Actuarial Science – Master of Commerce (Actuarial Science) • Economics – Graduate Diploma in Economics

MBA suite • Graduate Diploma of Business Administration • Master of Business Administration

REPORT 2013

• Executive Master of Business Administration

Enrolment and demand The Faculty welcomed in excess of 1 500 new undergraduate students in 2013. In total, over 5000 students were enrolled in the Bachelor of Commerce, either studying a single degree or a combined degree. There are 54 countries represented in the student cohort. Breadth subjects offered by the Faculty remained popular across disciplines.

• Senior Executive Master of Business Administration

Graduate outcomes Melbourne Commerce graduates continue to enjoy excellent employment outcomes. According to the latest Graduate Destination Survey, 76% of graduates available for full-time work were employed full-time within four months of completing the BCom.

Specialist Masters and Diplomas • Accounting

Master of Management suite • Master of Management

– Master of Economics • Finance – Graduate Diploma in Finance – Master of Finance – Master of Commerce (Finance) • Management – Master of Commerce (Management) – Master of Enterprise

• Master of Management (Accounting)

– Master of Supply Chain Management

• Master of Management (Finance)

• Marketing

• Master of Management (Marketing)

– Graduate Diploma in Marketing

• Master of Management (Human Resources)

– Master of Commerce (Marketing)

Master of International Business

– Master of Marketing

OUTLOOK 2014 The Bachelor of Commerce remains one of the most popular courses in Victoria, as indicated by demand in 2014. For entry in Semester 1, close to 1800 students chose either the BCom or the BCom (Chancellor’s Scholars Program) as their preferred degree – a 10% increase compared with 2013. International numbers also increased by 10% compared with 2013. This is the second year that the University has nominated a guaranteed ATAR of 95.00 for the degree, which appears to have worked extremely well. A total of 967 offers were made for the BCom – 66 more than in 2013 – including 16 offers for the BCom (Chancellor’s Scholars Program).

76% of graduates available for full-time work were employed full-time within four months of completing the BCom. BCom graduates report a median starting salary that is 10% higher than the national average. 10%

FACULTY OF BUSINESS AND ECONOMICS

MBS students continue to show high levels of satisfaction with their subjects. The average score for their responses to the question ‘Is this subject well taught?’ was 4.2 out of 5

FACULTY EXECUTIVE EDUCATION REPORT 2013

FBE EXECUTIVE EDUCATION PROGRAMS

Programs MBS reviewed all of its academic programs during 2013 to make them Australian Qualifications Framework (AQF) compliant. This led to the restructure of programs, including changes to the entry requirements and duration and the introduction of capstone subjects. Capstone subjects prepare students for professional life by providing ‘real-life’ experiences requiring them to use disciplinary knowledge and generic skills.

Open Programs • Doing Business in Asia

MBS successfully took on the administration and delivery of the Master of Enterprise and Master of Supply Chain Management. These courses also received CRICOS accreditation, which allows them to be offered to international students. In 2013, MBS also successfully offered, for the first time, the intensive short course ‘Doing Business in the Asia Pacific’ to a group of American and South American students.

• Market Leadership and Strategic Marketing • Strategic Financial Analysis • Executive Decision Making and Negotiation • Internet Marketing and Social Media • Positive Leadership Development • Managing Customers for Competitive Advantage • Strategic Brand Leadership

OUTLOOK 2014 • Expanded program offerings with other faculties in innovation, marketing communication, global affairs, engineering management and health management. • Continued focus on delivery of high-quality service, continuous process improvement and enhanced customer service. • Delivery of a redesigned Orientation Week program of workshops and activities that will assist students’ transition into graduate study. • Expanded opportunities for students to undertake experiential learning through activities such as business practicums and internships. • Delivery of a series of programs throughout the student life cycle aimed at enhancing graduate employability and maximising personal effectiveness. • A review of student communications from point of offer to graduation, ensuring effectiveness and identifying opportunities for innovation and improvement.

The Centre for Excellence in Learning and Teaching (CELT) supports the design, delivery and evaluation of an exceptional curriculum of diversity and innovation. Our staff work with teachers to provide world-class learning experiences for our students. CELT is responsible for the coordination of the Assurance of Learning processes within the Faculty and models best practice in this field across the University. CELT runs the Tutoring in Higher Education program where new tutors are provided with intensive, ongoing support. CELT also leads programs that recognise and reward learning and teaching scholarship and excellence in the form of awards, grants, publications and other forms of dissemination.

• Motivating and Managing Performance

REPORT 2013

• Treasury Management

In 2013, CELT underwent a major change exercise. The focus shifted from student support to academic development support for Faculty staff. New learning and teaching directions and priorities were set, aligning to national and international best practice in supporting excellent curriculum development, design and evaluation. New priorities included the development and implementation of an e-learning and flexible delivery strategy. In order to achieve these learning and teaching priorities a new structure was necessary. The change exercise involved seven positions being made redundant and four new positions, including learning and teaching specialists and educational/instructional designers, being created.

Specialist Certificates • Specialist Certificate in Executive Leadership • Specialist Certificate in Strategic Marketing

Enrolments New MBS student enrolments increased 9% between 2012 and 2013 and this is on top of a significant period of growth between 2010 and 2012. The total number of students enrolled in 2013 exceeded 2000 for the first time.

CENTRE FOR EXCELLENCE IN LEARNING AND TEACHING (CELT)

REPORT 2013 2013 built on and extended our client base for Custom Programs. Clients for Executive Education included the banking sector, car industry, professional services, accounting industry, higher education and State Government. The option to undertake Open Programs for assessment, either as a standalone subject or as part of a Specialist Certificate in Executive Leadership or Specialist Certificate in Strategic Marketing, proved even more successful this year, with 53% of our Open Program attendees undertaking assessment. Scholarships The FBE’s partnership with the Australian Scholarship Foundation offers two scholarships into each Open Program and one into each Specialist Certificate to individuals from the not-for-profit sector. This offers high-performing individuals from the not-for-profit sector the same opportunities as their counterparts from the corporate and government sectors. OUTLOOK 2014 Our goal in 2014 is to continue to help experienced professionals develop their leadership abilities and reach new levels in their careers. With more participants than ever before undertaking Open Programs on an assessed basis as part of a Specialist Certificate, and with Master of Enterprise and Master of Supply Chain Management students able to complete Open Programs as electives, we expect enrolments to increase significantly.

OUTLOOK 2014 CELT will undertake to recruit a new Director and to build a learning and teaching team to support the Faculty to achieve its learning and teaching goals in the new structure.

ANNUAL REPORT 2013, OUTLOOK 2014

Our students STUDENT ACHIEVEMENT UNDERGRADUATE

GRADUATE

Over 100 of our brightest BCom students participated in our annual Future Leaders Forum, which was again sponsored by Goldman Sachs. The 2013 forum focused on leadership in business, with speakers including Steven Sewell, CEO and Managing Director of Federation Centres, speaking about turning the fortunes of a business around; journalist and author Catherine Fox discussing the myths associated with women and work; and young business leaders including Matt Donazzan, Founder, One Cent Group, Viv Benjamin, CEO Oaktree and Thom Woodroofe, Founder and CEO of Global Voices, exploring opportunities for young leaders. Students Lorna Hu and Sam Dimopoulos capably led a student reflection session at the conclusion of the day.

In July, Master of Management (Accounting) student Meltem Acik was chosen to work as a Business Development Intern with the Victorian Government Office as a part of the Australia India Internship Program in Mumbai, India. This project was made possible by the Melbourne Business School and the Australia India Institute. The month-long project strengthened crosscultural relations and promoted foreign trade and investment opportunities between India and Victoria by examining the entrepreneurial landscape. Her work was integral to uncovering trade and investment opportunities by identifying emerging trends in bio-technology, clean energy and business process outsourcing.

Students Lorna Hu and Sam Dimopoulos capably led a student reflection session. Master of Management (Accounting) student Meltem Acik (right) worked with the Victorian Government Office as a Business Development Intern as part of the Australia India Internship Program in Mumbai.

1409 Graduates in 2013

FACULTY OF BUSINESS AND ECONOMICS

142 Participants in the First-Year Leadership Forum

102 Participants in the Future Leaders Forum

228 Participants in the Faculty’s BCom Case Competition

UNDERGRADUATE STUDENT SUPPORT COMMERCE STUDENT CENTRE The Commerce Student Centre (CSC) provides quality service to undergraduate students, including administrative and transactional services, general student advice and the provision of detailed course and course planning advice. The CSC is a first point of contact for information in relation to academic skills, careers, health and wellbeing, fees, housing and clubs and societies. The CSC offers enrichment and professional development activities including student global mobility and exchange, leadership programs, case competitions, career mentoring, volunteering and community engagement activities. Students apply for extensions, special consideration and concurrent diplomas through the CSC and gain extra support and information through CSC communications including the e-newsletter BCom News, the BCom at UniMelb Facebook page and online chat.

Centre achievements Raffaella Di Maio, one of the CSC’s Senior Advisers, received the Provost’s Student Advising Travel Award ackowledging her exemplary performance in student servicing (read more on Page 34). Another of our Senior Advisers, Helen Kelly, received the University’s Service Star Award for demonstrated commitment to customer service excellence, ownership of student issues and consistently adhering to the principles of the Student Services Commitment. We have enhanced our communications and engagement strategies, with strong results. One clear indicator was an increase in online engagement across the BCom cohort, evidenced by the CSC’s 3591 followers on Facebook – a 43% increase from 2012.

Report 2013 2013 saw a large, successful cohort of students come through the Bachelor of Commerce. Highlights include:

Outlook 2014 In 2014, we will continue to provide excellent service for our students, expand into online chat sessions and deliver student advice and assistance in innovative ways. CSC staff are engaged in a number of projects to enhance the way our students experience university life and interact with the CSC.

• 1409 graduates

UNDERGRADUATE STUDENT EXPERIENCE

• 54 students participating in the Copland Scholars Program across three year levels

The CSC’s Student Experience unit coordinates programs aimed at giving students the opportunity to put their academic skills into practice. Students develop their leadership skills, expand their perspective globally, tap into professional networks and develop a strong sense of cohort identity with their BCom peers. Programs include case competitions, leadership forums and breakfasts, business consulting subjects, career mentoring, study abroad and exchange and volunteer tutoring with community partners.

• 142 participants in the First-Year Leadership Forum • 102 participants in the Future Leaders Forum • 135 participants in the Business Consulting subject • 228 participants in the Faculty’s BCom Case Competition • 20 students representing the Faculty at International Case Competitions • 120 participants in the Global Consulting Project subject • 385 global mobility participants (incoming, outgoing, exchange and study abroad).

Report 2013 Professor Ross Garnaut engaged 80 of our exceptional student leaders and volunteers at our 2013 Leadership Breakfast in March. Professor Garnaut provided attendees an insight into his interaction with Papua New Guinea over 46 years in academic, government and business sectors. Faculty student clubs The Faculty’s 12 undergraduate student clubs continued to be an active and lively source of social activities, volunteering projects and professional development opportunities for the BCom cohort. Together the clubs’ activities involved some 12 000 students over the year.

Global mobility participation In 2013, 120 students participated in the Faculty’s Global Consulting Project subject, working overseas on a team-based business consulting project. Students worked with high-profile companies in Bangkok, Mumbai, Santiago, Shanghai, Singapore and Hong Kong. A further 40 students participated in the International Accounting Study Programs, visiting companies in Europe and the USA. Students continue to be enthusiastic about undertaking study abroad and exchange studies, with 130 students completing overseas studies in 2013. Copland Scholars Program In 2013, we saw the first cohort of our Copland Scholars graduate. Established in 2011, the scholarship provides a unique leadership and development program to the highest-achieving students entering the BCom from secondary school. During their time in the BCom, the students were individually mentored by industry leaders, attended leadership development courses, received invitations to Faculty events and participated in round table discussions with corporate partners. Outlook 2014 The Global Management Consulting subject (formerly Global Consulting Project) will see Kuala Lumpur added as a new destination for students in 2014. The Faculty is also exploring other destination possibilities in Europe, the USA and Indonesia. CSC Student Experience will investigate expanding our social media presence and use of technology in view of evidence that the BCom Facebook page has successfully contributed to the development of a cohort experience. In 2014, the Faculty will join with QUT Business School and the UNSW Australian School of Business to stage the first international case competition in Australia. The inaugural Australian Undergraduate Business Case Competition (AUBCC) will be hosted by QUT in December 2014, with competitions in the two subsequent years to be hosted by UNSW and the University of Melbourne respectively.

ANNUAL REPORT 2013, OUTLOOK 2014

125%

Participation in global opportunities broke new ground with a 125% increase in Global Business Practicum participation and 26 exchange acceptances.

The MBS@Berkeley Student Centre maintains the highest levels of excellence and for the third year was placed in the top two student centres in the University’s ‘mystery shopper’ exercise.

GRADUATE STUDENT SUPPORT

BUSINESS & ECONOMICS CAREERS CENTRE

MBS@BERKELEY STUDENT CENTRE

The Business & Economics Careers Centre is a Faculty-based specialist careers service dedicated to assisting students and alumni to begin and maintain their careers. The Centre is a contact point providing engagement opportunities for employers and industry.

The MBS@Berkeley Student Centre provides students with the highest standard of service including a targeted program of orientation and transition, course advice and a suite of academic enrichment, careers services and professional development opportunities. The Centre comprises four teams: Admissions, Academic Services, Faculty of Business and Economics Careers Centre (BECC) and Student Experience. GRADUATE STUDENT EXPERIENCE The Student Experience Unit’s mission is to enrich the engagement of MBS students by providing access to a range of experiential and cohortbuilding opportunities under four pillars: develop leaders and global citizens; build a vibrant cohort experience; organise case and pitch competitions; and support clubs, societies, volunteering and student-led engagement. Achievements In 2013, we saw further growth in experiential opportunities for students in pre-experience and specialist Masters programs. Also, the successful pilot of UniMelb Startup ’13 Pitch Competition and Social Entrepreneurship Pitch Competition positioned MBS as a hub of innovation and entrepreneurialism. The Student Experience Team piloted and launched the Peer Leader Program and Buddy Program, with over 400 participants and a vibrant new online community: MBS Buddy Central. Participation in global opportunities broke new ground with a 125% increase in Global Business Practicum participation and 26 exchange acceptances. MBS-affiliated clubs and societies moved to new offices in the FBE Building and participation in their activities continued to grow. Outlook 2014 In 2014, Student Experience will continue to build professional and personal skills and maximise personal effectiveness for our students. New programs include Business School Bootcamp, expanded Maths Refresher Workshops (with the Department of Finance), and new elements to the MBS Buddy program. Communication with current students is a priority as we launch a suite of new pre-arrival emails and websites to ensure a smoother transition to study. Global Mobility options will grow with an expanded Global Business Practicum, and summer schools in China are being explored through the Faculty’s Asia Engagement Strategy.

The team of career specialists offers expert advice through discipline-specific careers support that in 2013 included: • face-to-face and online career advice • Workplace Skills and Industry Knowledge workshops including the Graduate Careers Program not-for-credit subject completed by more than 100 students in 2013; the Australian Business Culture experiential workshops; and the Graduate Work Ready Program piloted in 2013 • the Career Mentoring program where 198 Industry Mentors mentored 221 students • the Melbourne Business Practicum, enabling 100 students to participate in a consulting team project at a Melbourne organisation. Achievements • Launched the online system InterviewStream, with over 1286 interviews conducted. • Introduced ‘Pathways To...’ customised career information planning sessions including tailored sessions for Accounting, Finance, Economics and Management/HR. • Collaborated with the largest Chinese-owned accounting firm ShineWing to promote vacation internships to Chinese students. Six FBE students were selected in three cities, for accounting and finance internships. • Offered assessment centre simulation activities with corporate HR experts’ participation. • Careers Team members attended and presented at national and international conferences: CDAA, ACEN, AAGE, NAGCAS, NCDA, TASA.

‘Doing the internship with ShineWing was a wonderful experience. I feel lucky to work with a great team. Everyone in the team helped out one another and they were willing to teach me whenever I had questions. I enjoyed the working atmosphere. Even though it’s just a short-term working experience, I realise it’s not simply about learning technical skills; rather, it’s more about interpersonal development.’ Siwen Li – Master of Accounting student

Outlook 2014 The Careers Centre will continue to offer comprehensive programs and services, and work with the dual focus of creating opportunities with employer organisations and enabling students to maximise employment opportunities. Newly planned programs include: • twice-weekly online career chat sessions • ‘Job Idol’ personal pitch competition via InterviewStream • a Business Luncheon event each semester.

FACULTY OF BUSINESS AND ECONOMICS

Academic expertise ACCOUNTING

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 staff and students of a very high calibre.

The Department’s academic staff have a blend of experience in industry and academia which enhances teaching through the provision of both theoretical and practical knowledge. Global and cultural perspectives, including knowledge of international accounting standards and practices, form an inherent part of student learning. The Centre for Accounting and Industry Partnerships, located within the Department of Accounting, enables links vital to teaching and research with the profession and industry. REPORT 2013 The year started with a period of transition for the Department’s leadership team, with Professor John Lyon finishing his second term as Head of the Department at the start of March. Deputy

Head Professor Colin Ferguson assumed the role of Acting Head of Department from March until July, when Professor Anne Lillis took up the appointment of Head of Department. The transition was largely seamless owing to the leadership team’s solid commitment to the Department’s mission and vision and understanding of its strategic direction. It has been a very successful year in terms of hiring from the international ‘rookie’ market, with three new Senior Lecturer appointments made: Dr Sandip Dhole from the Indian School of Business, Dr Kelsey Dworkis from USC Marshall School of Business, and Dr Jonathan Jona from City University London. Also appointed was Dr Belen Blanco from Universidad de Navarra, Spain, to a Lecturer position in the Financial Accounting

discipline. These appointments will enhance the Department’s teaching and research portfolios. The Department hosted its 74th Annual Research Lecture ‘Is the Audit Profession Sustainable?’ in conjunction with CPA Australia on 15 October. Attended by around 250 guests, the lecture was delivered by Professor Robert Knechel from the University of Florida, who explored how the nature of the auditing profession has changed in the past two decades, discussing the sustainability of the audit profession in the face of increasing complexity in the global economy, financial and operating environments and regulatory oversight.

NEWS STORIES NEW HEAD OF DEPARTMENT PROFESSOR ANNE LILLIS APPOINTED TO FITZGERALD CHAIR

during 1925–58, the last three years as Professor. He was the first Australian chair appointment in the discipline of accounting.

The Department of Accounting’s newly appointed Head of Department Professor Anne Lillis has also been appointed to the Fitzgerald Chair in Accounting.

Garry Fitzgerald, who fought in the trenches of the Somme during World War I, was also a major figure in Australian accounting, particularly in relation to professional bodies, and was an instrumental figure in the creation of what is now CPA Australia. He was a part-time teacher at the University from 1928 to 1947.

The Chair was the result of a public appeal in 1974 chaired by John Balmford and the late Ken Keown, who were the respective managing partners of Arthur Young and Arthur Andersen, and was named in honour of the Fitzgerald brothers: Sir Alexander (Alec) Fitzgerald (1890–1969), and Garrett (Garry) E Fitzgerald, CMG (1894–1970). Sir Alec is probably the greatest figure in 20th century Australian accounting through his roles as teacher, author, editor, practitioner and public servant, particularly as Chairman of the Commonwealth Grants Commission. He was a founding principal of the Fitzgerald Gunn partnership, a predecessor firm to Ernst and Young, and taught accounting at the University of Melbourne on a part-time basis

The Fitzgerald Chair is a well deserved honour for Professor Lillis.

late Emeritus Professor Allan Barton of the Australian National University (and alumnus of the University of Melbourne). Special guest, Warren McGregor, Independent Financial Reporting Consultant and former inaugural member of the International Accounting Standards Board, delivered an important and timely address on the serious questions being raised about the independence of the assurance/audit profession. The Institute of Chartered Accountants Australia and CPA Australia are the major sponsors of the AAHoF Awards Ceremony Dinner.

HIGH STANDARDS AT AUSTRALIAN ACCOUNTING HALL OF FAME AWARDS The Australian Accounting Hall of Fame continues to provide recognition to accountants who make a significant contribution in Australia. The AAHoF, now in its fifth year, celebrates the significant contributions of distinguished accounting practitioners and academics at its annual awards ceremony and dinner. Two eminent accountants were honoured with membership of the Hall of Fame: Kevin Stevenson, CEO and Chair of the Australian Accounting Standards Board and the

The 2013 inductees included the late Emeritus Professor Allan Barton AM and the CEO and Chair of the Australian Accounting Standards Board (AASB) Kevin Stevenson.

ANNUAL REPORT 2013, OUTLOOK 2014

The Department is celebrating a milestone with the presentation of the 75th Annual Research Lecture in October 2014.

Professor Anne Lillis

Research and research training ARC success The Department had a successful year with the award of two ARC Linkage Grants. First, in conjunction with Royal Botanic Gardens and National Herbarium of Victoria, Institute of Chartered Accountants in Australia, Professors and Associate Professors from the Department have teamed with the School of Botany on an innovative carbon accounting project. The team will develop a model to measure the carbon footprint of the Gardens and then create a reliable, relevant and understandable reporting framework to communicate to stakeholders. The second ARC Linkage Project is a study of best practices in corporate governance and risk leadership in geographically distributed financial services operations. The research team, which brings together Professors from the Departments of Accounting and Management and Marketing as well as a senior risk management practitioner from industry, will develop theory and managerial guidance for facilitating control in balancing risk and return in operational financial decision making. Four-year PhD program Department planning for a four-year PhD program, comparable with those offered by peer international accounting departments, has progressed significantly, with the first intake anticipated for 2014. There are two core components in the program – coursework and a major thesis. The coursework will provide students with advanced research-related skills in economics, econometrics, mathematics, psychology and other disciplines necessary to conduct research publishable in top international accounting research journals. The thesis component allows students to apply these skills to accounting research questions and research designs. Industry engagement Located within the Department of Accounting, the Centre for Accounting and Industry Partnerships (CAIP) provides the Department with an important access point for engagement activities with the accounting profession, industry, government

and the business community to advance the accounting discipline. Two of CAIP’s most significant initiatives are: The Executive-in-Residence (EIR) program Distinguished business leaders from a wide range of fields and backgrounds are appointed as Honorary Fellows of the Department and visit the Department as Executives in Residence for shortterm residencies, typically for two weeks. The EIRs are immersed in the teaching and research activities of the Department, presenting seminars and guest lectures, and speaking with students and staff on topics relating to teaching, research and engagement. The EIR program added two senior executives to its ranks in 2013: Des Pearson, ex Auditor-General, Victoria; and Michael Bray, Chair, Energy & Natural Resources, KPMG. This program has proven to be an outstanding success, leading directly to the development of collaborative research projects attracting Australian Research Council Linkage funding and informing teaching materials to ensure they reflect important issues facing accounting and business professionals. The impact of the program has been profound, with EIRs typically remaining involved in the Department in various ways even several years after their residency has concluded. The success of this program is such that several departments within the Faculty and across the University are developing similar initiatives or are considering doing so. Visitors to Department The Melbourne Accounting Research Seminars (MARS) had a successful year, with presentations by leading international and national academics in the accounting, information systems and auditing field. Professor Dennis Campbell, Harvard University and Professor Steve Matsunaga, University, of Oregon, were amongst the highcalibre academics in the seminar series. The program featured presentations from Honorary Professorial Fellows of the Department who hail from major universities in Europe and the United States, including Professor Mary Barth, Stanford University, and Professor Doug Skinner, University of Chicago Booth School of Business.

OUTLOOK 2014 The Department hopes to capitalise on its recent success in the international rookie recruitment market with senior appointments in Financial Accounting and Auditing to strengthen research and mentoring capacity in these disciplines. Three new students have already accepted places in the four-year PhD program, which is a strong outcome for the first year of the program. Now that the program has been established, work in 2014 and beyond will focus on increasing the program’s profile so that it continues to attract quality students. An exciting schedule of very high-profile visitors is being compiled to work with junior faculty and to assist in the further development and delivery of the program. The Centre for Accounting and Industry Partnerships has invited Brett Rix, Vice President, External Reporting and Governance, BHP Billiton Ltd to become an Honorary Fellow of the Department. Mr Rix will visit the Department for his period as Executive in Residence in May 2014. The Department is celebrating a milestone with the presentation of the 75th Annual Research Lecture in October 2014. Planning in conjunction with the Department’s partner in the lecture series, CPA Australia, is already well under way to ensure that this landmark is appropriately commemorated.

FACULTY OF BUSINESS AND ECONOMICS

BUSINESS ADMINISTRATION

The Department of Business Administration was established on 1 May last year, as a part of the collaboration between Melbourne Business School Ltd and the University of Melbourne. The Department is located at 200 Leicester Street and comprises academic staff employed by Melbourne Business School Ltd.

The Department is multidisciplinary, with approximately 45 academic staff across the disciplines of marketing, organisational behaviour, operations, strategy, statistics and econometrics, accounting, finance, and economics. The Department is committed to outstanding research and graduate teaching, recruiting academic staff from the world’s leading business schools. Academic staff in the Department teach a suite of MBA programs, a Masters of Marketing program, and globally ranked executive education programs in management. The MBA suite caters for individuals at different points in their careers and includes a globally ranked full-time MBA program, a part-time MBA program, an executive MBA program, and a senior executive MBA program. REPORT 2013 Research The Department’s academic staff are thought leaders, generating relevant, rigorous research that is published in the leading international academic journals. In the Financial Times’ 2013 global rankings of MBA programs, our full-time MBA program was ranked 66th in the world for research, despite having significantly fewer academic staff than most competing MBA programs. The Department’s academic staff had outstanding success in 2013 in obtaining research grants from the Australian Research Council (ARC). Below are the ARC grants awarded in 2013 that include academic staff from the Department.

Mara Olekalns (Professor of Negotiations): ARC Discovery Grant for ‘Two parts truth, one part lies: Microethical judgements in negotiations’. This project will investigate how three kinds of variables – individual cognition, social perception and social context – combine to affect moral intent and steer negotiators to more or less ethical negotiation strategies. Mara Olekalns (Professor of Negotiations): ARC Discovery Grant for ‘Licensing negotiation: How credits, credentials, and context generate behavioural latitude’. This project will integrate the negotiation, gender stereotypes and psychological licensing literatures to understand how employees’ behavioural histories, and the behavioural histories of their employers, give employees psychological licence to violate stereotyped expectations. The project’s findings will help employees decide when and where to negotiate and enable managers to design workplaces which sustain gender equity. Robert Wood (Professor of Organisational Behaviour): ARC Discovery Grant for ‘Development of cognitive functions in adult populations’. This project will investigate the effects of different training regimes on cognition and a range of related outcomes including transfer of skills, personality change and social functioning.

Ian Williamson (Professor of Organisational Behaviour) and Michelle Evans (Research Fellow): ARC Linkage Grant for ‘Australian Indigenous entrepreneurial leadership’. The project, in partnership with the Victorian Employers’ Chamber of Commerce and Industry and the Australian Indigenous Minority Supplier Council, will provide evidence-based research and policy advice on effective business education interventions for Australian Indigenous enterprises and individuals. Isabel Metz (Associate Professor of Organisational Behaviour): ARC Linkage Grant for ‘Behind the scenes: Diversity management paradigm shifts and sticking points’. This project, in partnership with Diversity@Work (United Customer Management Solutions) and the Australian Senior Human Resources Roundtable, will investigate how organisations can initiate and direct change processes to manage diversity more effectively and, as a result, experience higher productivity and employee engagement. Michelle Evans (Research Fellow): ARC Linkage Grant for ‘Aboriginal young people in Victoria and digital storytelling’. This project, in partnership with the Australian Centre for the Moving Image, the Victorian Health Promotion Foundation and Sista Girl Productions, will look at Aboriginal youth using digital technology to tell stories (which assert and affirm their identities), and also to produce and consume information in creative and interactive ways that are relevant to them. The project will support creative approaches for building digital literacy, while increasing understandings of Aboriginal culture.

ANNUAL REPORT 2013, OUTLOOK 2014

Academic staff in the Department teach a suite of MBA programs, a Masters of Marketing program and globally ranked executive education programs in management.

Professor Douglas Dow

Academic links and visits During 2013, the Department hosted a large number of prominent international visiting academics, both to collaborate on research with our academic staff and to teach in our MBA programs. While many of the visits were relatively short, the Department hosted several long-term academic visitors during 2013: • Dan Galai (Visiting Professor of Finance): Professor Galai is on the Faculty – and former Dean – of the School of Business Administration at the Hebrew University in Jerusalem. He is a leading expert on options and has published over 100 articles and books. He has visited numerous leading business schools throughout the world during his academic career. • Jeremy Moon (2013 Gourlay Visiting Fellow of Ethics in Business): Professor Moon is the founding Director of the International Centre for Corporate Social Responsibility at Nottingham University Business School, and has held visiting positions at McGill University, University of Toronto, University of Cambridge and Princeton University. He has co-authored a number of books on ethics and corporate social responsibility.

• Nadia Massoud (Visiting Associate Professor of Finance): Associate Professor Massoud is on the faculty at the Schulich School of Business at York University in Toronto. She specialises in financial intermediation and market microstructure and has won several prestigious international research awards. Academic awards and prizes In 2013, staff received the following awards: • Michelle Evans (Research Fellow and former PhD student): Awarded a prestigious Fulbright Scholarship to conduct research in North America that continues her research in the Indigenous business and leadership area. • Ian Williamson (Professor of Organisational Behaviour), Isabel Metz (Associate Professor of Organisational Behaviour) and Carol Gill (Assistant Professor of Organisational Behaviour): Best Paper Award (Management Education area) at the 2013 Academy of Management Annual Meeting for the paper ‘Social networks, personality and peer evaluations in self-managing teams: A moderated-mediation model’.

• Leon Zolotoy (Assistant Professor of Finance): Best Paper Award at the MIT Sloan Asia Conference in Accounting for the paper ‘Executive equity risk-taking incentives and audit service pricing’. • Frank de Wit (Research Fellow): Best Student Paper Award (Conflict Management area) at the 2013 Academy of Management Annual Meeting for the paper ‘The threat versus challenge of intragroup conflict during group decision making’. OUTLOOK 2014 Melbourne Business School relaunched its fulltime MBA program as a one-year program in 2012. During 2014 academic staff will undertake a review of the new program to assess its strengths and to identify modifications that could make the program even stronger. A group of academic staff will also be working, in collaboration with the Department of Computer and Information Systems within the Faculty of Engineering, on developing a new Master of Business Analytics program. The goal is an intensive one-year program, with the first intake starting in early 2015.

• Yu-Chin Chen (Visiting Associate Professor of Economics): Associate Professor Chen is on the faculty at the University of Washington in Seattle and specialises in international finance and international trade. She has previously worked as a staff economist at the Council of Economic Advisers under the Clinton administration, and has been a visiting researcher at the Reserve Bank of New Zealand, the Federal Reserve System in the USA, and Academia Sinica in Taiwan.

Appointments, promotions and farewells Appointments Dr Ujwal Kayande: Professor of Marketing Dr Worapree Ole Maneesoonthorn: Assistant Professor of Statistics and Econometrics Dr John Lyon: Professor of Accounting Mr Frank de Wit: Research Fellow

Promotions Dr Bogac Celen: Promoted to Professor Dr Sally Wood: Promoted to Professor Farewells Dr Michelle Evans: Research Fellow

FACULTY OF BUSINESS AND ECONOMICS

ECONOMICS

The Department of Economics is the leading economics department in Australia. According to the 2013 Center for World Class Universities and the Institute of Higher Education, both at Shanghai Jiao Tong University, the University of Melbourne ranks no. 1 in Australia in economics. In the QS 2013 World University rankings by subject, the University of Melbourne ranks no. 20 in the world for economics and econometrics.

The Department is large, with 47 teaching and research staff and 11 professional staff. It includes the Centre for Actuarial Studies. The Department is committed to achieving the highest standards in research through publishing in leading international journals and conducting worldstandard research on the Australian economy and economic policy issues. Some of the 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; the economics of education; and actuarial studies. The Department’s mission is to provide research, teaching and knowledge transfer of the highest international standard. The Department has a strong track record of providing policy advice and expertise to government and private organisations. Many members of the Department serve on government inquiries, boards and international agencies.

REPORT 2013 Professor Bill Griffiths commenced as Head of Department in January 2013. Professor Griffiths has a wealth of knowledge and experience, having been Head of Department for 15 years at the Department of Econometrics, University of New England prior to joining the Department in 2001. He has also held positions of Associate Dean (Undergraduate Studies) for the Faculty, 2005–2007; Deputy Head of the Department, 2002–2007; and Director of the Centre for Microeconometrics, 2004–2009. The Department had a vigorous round of job candidate seminars in 2013. There were over 500 applications for three positions, with 20 potential candidates flying in to present seminars and attend interviews. In addition to that, there were three professorial visits, seminars and interviews in relation to the Research at Melbourne program. The Department relocated to the third and fourth floors of the Faculty of Business and Economics Building, 111 Barry Street in mid-2013. The move brought the Department within the Faculty precinct, enhancing learning and collaboration opportunities for students and staff. Research The Department’s dedicated research centres attract local and overseas academics, continually push the boundaries of knowledge in the fields of economics, econometrics and actuarial studies, and have a strong track record for obtaining external funding. Research centres within the Department include the Centre for Actuarial Studies, Centre for Market Design, Economic Theory and Experiments Unit, Experimental Economics Laboratory, Macroeconomics Research Unit, Microeconometrics Research Unit, Trade and Development Research Unit and the Household Research Unit. Staff have been successful in obtaining funding for grants, both external and internal. Listed below are current ARC grants held by staff in 2013: • Professor Chris Edmond: Money, price and output dynamics: a segmented asset markets approach

• Professor Jenny Williams, Dr Liana Jacobi, Dr Mabel Andalon, Professor Jan van Ours, Professor Michael Grossman: An econometric analysis of the impact of education on health in developing countries • Associate Professor Lata Gangadharan, Dr N Erkal, Dr N Nikiforakis: Relative income, social preferences, and charitable giving; An experimental analysis • Professor Bill Griffiths, Associate Professor D Chotikapanich; Professor DP Rao: Econometric estimation and analysis of country, regional and global income distributions • Professor IP King: Technological innovation, trade liberalisation, unemployment, and policy design • Associate Professor R Raimondo: Economics of continuous-time financial markets and endogenous pricing • Dr N Erkal: Scarcity of ideas and design of optimal incentive schemes for innovation • Associate Professor FJ Vazquez-Abad, Professor D Dufresne, Dr M Menabde, Professor A van den Nouweland: Understanding cycles in mineral commodity price, a market model with uncertainty • Professor V Martin: The US interest rate conundrum and its implications for Australia Appointments and farewell The Department welcomed the following staff in 2013: Appointments Dr Victoria Baranov, Lecturer. Dr Baranov’s research interests are development, behavioural economics, health economics, psychology and economics, and applied microeconomics. Dr Matthew Greenwood-Nimmo, Lecturer. Dr Greenwood-Nimmo was a lecturer at Leeds Business School prior to joining the Department. Matthew is a financial and monetary economist and applied econometrician with expertise spanning monetary policy rules, computational statistics, Minsky moments and financial contagion.

ANNUAL REPORT 2013, OUTLOOK 2014

The Department’s dedicated research centres attract local and overseas academics, continually push the boundaries of knowledge in the fields of economics, econometrics and actuarial studies and have a strong track record for obtaining external funding. Professor Bill Griffiths

Dr Guy Mayraz, Lecturer. Dr Mayraz was a PostDoctoral Research Fellow at Oxford University and University of British Columbia prior to joining the Department. His research interests are behavioural economics, experimental economics, decision theory and microeconomic theory. Guy is also currently a CIFAR Fellow. Dr Laura Panza, McKenzie Post-Doctoral Fellow. Dr Panza’s research interests are development economics, economic history, Middle Eastern economics, market integration, international trade and economics of globalisation. Dr Kevin Staub, Senior Lecturer. Dr Staub was a Research Fellow at the University of Zurich prior to joining the Department. His research interests are applied econometrics and empirical economics (trade, health, labour). Farewell The Department said farewell to Associate Professor Nikos Nikiforakis. Professor Nikiforakis had commenced with the Department in 2006 as a Research Fellow. Staff awards and prizes Dr David Byrne received the 2013 CA Curtis Prize for Best PhD Thesis in Economics from Queen’s University. Professor Chris Edmond received the Young Economist Award from the Economic Society of Australia. Professor David Dickson was a keynote speaker at the 17th International Congress on Insurance Mathematics and Economics held in July 2013 at the University of Copenhagen. This is the largest annual conference for academics in actuarial studies. Professor John Freebairn received the Economic Society of Australia Honorary Fellow Award.

Staff who received the Dean’s Certificate in Research Excellence were: Dr Georgy Artemov, Dr Ping Chen, Professor David Dickson, Professor Chris Edmond, Associate Professor Nisvan Erkal , Dr Zhuo Jin, Associate Professor Shuanming Li and Dr Tom Wilkening. PhD completions Peter Raymond: Allowing for mortality uncertainty in life insurance models Qing Liu: Statistical modelling of insurance claims Muhammad Saqib: Hypothesis testing in a nearly integrated autoregressive model Shawn Tan: Essays on the structural estimation of trade models OUTLOOK 2014 Department staff were successful in obtaining and being involved in six ARC Discovery Projects that will commence this year. A special mention goes to Dr Tom Wilkening, who obtained the first Discovery Early Career Research Award for the Faculty. The Centre for Market Design will enter a bid process to continue its funding from the State and Commonwealth Treasuries. The Department will continue its plans to consolidate the framework for its four-year PhD program and commence work on the structure for an Undergraduate Diploma in Economics. The Department will participate in the annual international recruitment for economics graduates and look to further appoint staff, continuing to support the Department’s longer-term staffing strategy. The Department will also bid for the Research at Melbourne’s Accelerated Program Chair appointments to cement its position as the top economics department in Australia.

NEWS STORY STUDY ON CHINA’S ONE-CHILD POLICY RECEIVES GLOBAL MEDIA COVERAGE Associate Professor Nisvan Erkal’s study on China’s one-child policy received prominent media coverage in The Australian, BBC News, Bloomberg, Business Insider, The Conversation, CNN, France 24, Fox News, The Independent, The International Business Times, New York Times, TIME and Yahoo! News. The study ‘Little emperors: Behavioural impacts of China’s One-Child Policy’, co-authored with Professors L Camron, L Gangadharan and X Meng, was first published in the prestigious journal Science. The authors documented that China’s One-Child Policy (OCP), one of the most radical approaches to limiting population growth, has produced significantly less trusting, less trustworthy, more risk-averse, less competitive, more pessimistic and less conscientious individuals. Their data were collected from economics experiments conducted with 421 individuals born just before and just after the OCP’s introduction in 1979. Surveys to elicit personality traits were also used. They used the exogenous imposition of the OCP to identify the causal impact of being an only child, net of family background effects.

The Neville Norman and Nilss Olekalns lecture series were created and first presented by the Economics Students Society of Australia in 2013. Dr Tom Wilkening, Professor Chris Edmond and Associate Professor Nisvan Erkal were awarded the Dean’s Prize for Exceptional Distinction in Research. Media agencies highlighted Associate Professor Erkal’s study on the behavioural impact of China’s one-child policy.

FACULTY OF BUSINESS AND ECONOMICS

FINANCE

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. The Department has grown substantially since its creation, from just over 700 full-time students in 2002 to more than 1500 in 2013. Staffing levels have also expanded from 15 academics in 2002 to 36 academics in 2013.

The finance specialisation is in demand, with more than 3600 student enrolments in third-year Finance major subjects in 2013. The Department continues to offer a strong honours program, with intake restricted to 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 courses, ranging from the practitioner-oriented Master of Finance to the research-focused PhD in Finance (with coursework). The pre-experience Master of Management (Finance) is designed for students whose undergraduate degree was in a non-business discipline. In 2013, the Department of Finance launched its ‘pre-Doctoral’ program, which provides students the opportunity to undertake an additional year of coursework as preparation for the rigours of independent research before commencing the full PhD course. This program is designed to enhance the research training experience and to provide a greater foundation to its graduates for a career in academia.

REPORT 2013 Research and research training An unequivocal focus on research excellence is generating an increasing number of publications in top-tier journals. In 2013, academics within the Department of Finance had articles accepted for publication in journals that included Journal of Financial Economics, Journal of Banking and Finance, International Review of Finance and Journal of Applied Corporate Finance, and presented papers at several national and international conferences including meetings of the American Finance Association, European Finance Association and Financial Management Association. Current research topics of department staff include asset pricing, derivatives and risk management, corporate finance, market microstructure, financial institutions, real estate finance, financial econometrics, neurofinance, governance, behavioural finance, mutual fund management and international finance.

The emphasis on a strong research culture is making its mark on the Department’s annual recruitment of junior academics; high-quality applicants have come from the very best international graduate schools. In research training, the Department proudly saw PhD students Yaqiong Yao, Jiaguo Wang, Tze Chuan Ang and Mohd Edil Abd Sukor complete their candidatures and take up appointments at the University of Manchester, University of Lancaster, University of Malaysia, and Deakin University, respectively. Academic links and visits Enhancing our teaching, research, and engagement activities, the Department hosts prominent international visiting academics and 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 2013, included speakers from London Business School, Stanford, UPenn, UCLA and Nanyang Tech.

NEWS STORY HOW THE BRAIN MAKES FINANCIAL DECISIONS ‘How the brain makes financial decisions’ was the opening keynote speech of the 2013 Finance Down Under® Conference. Delivered by the world-renowned expert in this field, Professor Peter Bossaerts (California Institute of Technology), the presentation described some of the intricate processes the brain uses to learn about risk, and how these processes are linked to our everyday financial behaviour. Studying neural activation patterns while people are making decisions provides a richer view of finance than traditional approaches that focus purely on behaviour. It allows researchers to shed light on aspects of financial behaviour that are inaccessible

with traditional methods, such as the computations the brain performs when people are making decisions. Although this line of research is still in its infancy, Professor Bossaerts’ remarks made clear that existing theories of financial decision making are often overly simplistic – and sometimes misleading – and that we will have to revise our understanding of how people make financial choices. Professor Bossaerts’ insights set the tone for the Finance Down Under® conference, which since its inaugural conference in 2006 has rapidly obtained a prestigious international reputation. Every year finance academics who have shifted the barriers of understanding within this field convene at this unique conference.

Professor Peter Bossaerts

ANNUAL REPORT 2013, OUTLOOK 2014

To enhance our teaching, research, and engagement activities, the Department hosts prominent international visiting academics and has strong links with most leading finance departments in the world. Associate Professor John Handley

In 2013, the Department of Finance hosted its annual Finance Down Under® Conference, which continues to grow in strength and popularity. This year’s event featured invited speakers Stewart C Myers (MIT), Paolo Fulghieri (UNC) and Ron Giammarino (British Columbia). Along with the invited discussants, academics from over 20 universities in Europe, North America, Asia and Australia presented at the conference. Industry engagement An important departmental activity is 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 links with finance practitioners and financial institutions. Among the staff most active in executive education are Associate Professor Sean Pinder and Dr Les Coleman, who teach short courses in ‘Treasury Management’ and ‘Value Adding Financial Strategy’ for KPMG and Petronas, respectively, throughout the year via UoM Commercial. Staff awards and prizes In 2013, staff received the following awards:

• Associate Professor Sean Pinder (with co-author Andrew Tumble) – Emerald Literati Network Outstanding Paper Award for the paper ‘Evidence of managerial opportunism in Australia’, which was published in Accounting Research Journal • Professor Kevin Davis (with co-author Christine Brown from Monash University) – Peter Brownel Best Manuscript Award in Accounting and Finance for the paper ‘Taxes, tenders and the design of Australian off-market share repurchases’. OUTLOOK 2014 In 2014, the Department of Finance will launch its Executive-in-Residence program, hosting distinguished business leaders from a range of fields for short-term residencies in the Department. The visitors will share their industry knowledge and experience to enrich the teaching and research in the Department. The Department also will continue to recruit new staff aggressively in order to enhance its capacity for teaching and research.

NEWS STORY FINANCE ACADEMIC APPOINTED TO GOVERNMENT PANEL In December 2013, Treasurer Joe Hockey announced the formation of the Government’s Financial System Inquiry panel. Included in the membership of the panel is Professor Kevin Davis, a University of Melbourne Professor of Finance and the Research Director of the Australian Centre for Financial Studies. Professor Davis says the purpose of the panel is to ‘examine how the financial system could be positioned to best meet Australia’s evolving needs and support Australia’s economic growth’. The panel is expected to submit its final report by November 2014.

• Professor Bruce Grundy − Faculty of Business and Economics Dean’s Prize for Exceptional Distinction in Research and Research Training • Dr Ning Gong (with co-author Kenneth Jones from State Street Corp) – International Review of Finance’s Best Paper Award for their paper ‘Bailouts, monitoring, and penalties: An integrated framework of government policies to manage the too-big-to-fail problem’

Professor Kevin Davis

An important departmental activity is 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 links with finance practitioners and financial institutions.

FACULTY OF BUSINESS AND ECONOMICS

MANAGEMENT AND MARKETING

The Department of Management and Marketing is a multidisciplined department comprising 52 academics with expertise in human resource management, international business, operations management, organisation studies, communications and customer strategy, and marketing management.

The Department teaches into the Bachelor of Commerce and a number of professional and practitioner masters-level degrees including the Master of Commerce and the Master of Management. In 2013, the Department taught 11 032 students in 39 undergraduate subjects and 43 postgraduate subjects. We provided research supervision for 15 honours students and 34 PhD students. Our pedagogical aim is to assist students to develop strong leadership, decision-making and analytical capabilities. We undertook a curriculum review last year and are developing new courses and realigning subjects to better address the changing nature of the economy and of work. REPORT 2013 Highlights • The appointments of Professor Jane Lu, the James Riady Chair in Asian Business and Economics; and of Professor Dean Xu, Dr William Ho, Dr Daejeong Choi, Dr Amanda Spry, Dr Alka Singh, Dr Majid Abdi and Dr Kryzstof Dembek. • The promotions of Vikram Bhakoo, Robin Canniford and Helen Hu to Senior Lecturer. • The Centre for Workplace Leadership was established under the leadership of Professor Peter Gahan, with significant support from the Faculty, the University and our Faculty Advisory Board. • The Department Advisory Board was established, with the first meeting taking place in 2013. The Advisory Board is chaired by Clive Scott, the General Manager of the Sofitel and an alumnus. • Four Teaching and Learning grants were awarded to the Department in 2013, demonstrating a commitment to innovation in teaching. Grants were received for online subject conversion and the enhancement of learning design; interactivity and application of technology; and developing business writing skills. They were awarded by the Australia and New Zealand Academy of Management and the Faculty of Business and Economics.

Research and research training We continue to strengthen our research capability and in 2013 experienced an increase in citations and growth in research impact. We significantly increased the number of PhD enrolments from four to 14 students. Fourty-four research grants were received in 2013, with seven of these from the Australian Research Council including significant contribution to Cooperative Research Centres. Ten papers or articles received ‘best paper’ awards from a range of scholarly societies, conferences and journals. We support four research hubs: the Melbourne International Business Research Unit, the Centre for Human Resource Management, the Centre for Social Investment Research (joint initiative with the Department of Accounting) and the International Centre for Research in Organisational Discourse, Strategy and Change. Our staff and students were recognised in a number of exciting ways this year: • Dr Jill Lei was awarded the Dean’s Prize for Exceptional Distinction in Research and Research Training (2012), in particular for her co-authored piece on ‘Base-rate information in consumer attributions of product-harm crises’ published in Journal of Marketing Research. • Dr Helen Hu received the Best Paper Award in Emerging Economies Track at the 2013 Annual Meeting of the Academy of International Business (AIB) for the paper ‘Performance persistence of emerging economy firms: The interaction effects of business group, home institution and internationalisation’. • Markus Goelz and Peter Guenther were the joint winners of the Department’s PhD Student Paper Award. • Ms Huay Ling Tay won the Best Student Paper award at the Decision Sciences conference. • Dr Sofie Schuette was awarded the Williams Prize for Excellence for her doctoral dissertation.

Engagement with industry We delivered lectures to a range of external bodies, including non-profit, higher education, small-medium enterprise, government, professional/legal services and large manufacturers. Other highlights were: • The Isaac Industrial Relations Symposium jointly hosted with Monash University to recognise and highlight the outstanding and continuing contribution to industrial relations by Emeritus Professor Joe Isaac, one of Australia’s most distinguished scholars in the field of industrial relations. • Professor Michelle Brown gave an Alumni Master Class entitled ‘Performance management: Poison, panacea or plain hard work?’ and Professor Damien Power delivered a Master Class on ‘Technology and the bottom line: Selection and implementation of supply chain management (SCM) systems’. • Professor Dean Xu delivered his inaugural lecture on the topic ‘Emerging dragons: The rise of the Chinese multinational’. • Professor Michelle Brown, Professor Richard Long and Associate Professor John Shields received the Best Paper Award at the 4th European Reward Management Conference. • Austin Chia and Heather Round received a Promoting Excellence in Learning and Teaching grant from ANZAM to develop tools relating to business report writing. • Dr Ingo Karpen, Associate Professor Liliana Bove and Professor Bryan Lukas were the recipients of the 2012 American Marketing Association Best Services Article Award. • Dr Angela Paladino was appointed Associate Editor of Journal of Product Innovation Management. • Dr Joeri Mol and his colleagues have also had their work acknowledged in Academy of Management Best Papers Proceedings and were paper finalists at AOM. • Peter Guenther won the Best Paper Award and Shea Fan won the Best Presentation Award at the Melbourne–Monash Doctoral Colloquium. • The Foenander Lecture, organised by the Centre for Human Resource Management, was delivered by Professor Sue Richardson on the topic ‘Overworked and underpaid: The new realities of the labour market’.

ANNUAL REPORT 2013, OUTLOOK 2014

Four Teaching and Learning grants were award to the Department in 2013, demonstrating a commitment to innovation in teaching.

Professor Leisa Sargent

Visitors to the Department in 2013 Professor Icek Aizen Professor Zeynep Arsel Professor Paul du Gay Professor Lisa Ellram Associate Professor Iris Fischlmayr Professor Denis Gioia Professor Graham Harman Professor Jan Heide Professor Christian Homburg Professor Mariann Jelinek

OUTLOOK 2014 Professor Maria Kraimer Associate Professor Mary Lambrou Professor Marc Lenglet Professor Peter McGraw Professor Masaharu Ota Professor Julie Ozanne Professor Andrew Pendleton Professor Annelise Riles Associate Professor Scott Scibert Professor Jennie Sumelius Professor Pei Sun

The Department has set the goal of being the leading Department of Management and Marketing in the Asia–Pacific region, with a strong global research reputation. We are in growth mode and continue to build our research capability. We are restructuring our curriculum to reinvigorate our courses. To support both scholarship and learning, we will be appointing new academic staff. This will have flow-on effects in relation to course marketability, research impact and student outcomes.

NEWS STORIES intertwined with Australia’s future. ‘I am excited about spearheading this initiative at one of the world’s leading business and economics schools,’ stated Professor Lu.

FACULTY APPOINTS RIADY CHAIR IN ASIAN BUSINESS AND ECONOMICS Professor Jane Lu was appointed as the first occupant of the James Riady Chair in Asian Business and Economics. She will play a leadership role in developing Asian-focused teaching and engagement activities. Professor Lu brings an outstanding record of research in international business strategy. Her applied work on Japanese foreign direct investment in China, joint ventures of small and medium-sized enterprises and venture capital and business group affiliations in the Asian region is internationally regarded. The James Riady Chair in Asian Business and Economics is funded through a generous donation by Dr James Riady, an alumnus of the Faculty of Business and Economics, with the objective of supporting teaching and research that drives a deeper understanding of doing business in the Asian region. As Australian companies continue to enter and engage with emerging markets in Asia, it is vital that they understand the region’s practices. The James Riady Chair provides the platform to sharpen our understanding and expand our knowledge of doing business in a region that is

As the James Riady Chair, Professor Lu will communicate her research outcomes through public engagement activities, including lectures, seminars and conferences, that will enhance understanding of doing business in Asia. THE NEW AUSTRALIAN CENTRE FOR WORKPLACE LEADERSHIP The Faculty has been named by the Government as the home for the new Australian Centre for Workplace Leadership. The Centre will support the government’s aim to improve workplace productivity by creating higher-performing workplaces and stronger leadership capability in Australian workplaces. The Request for Proposals process was open from December 2012 until January 2013 and the bid from the Faculty was led by Professor Peter Gahan in the Department of Management and Marketing. ‘The Centre for Workplace Leadership will collaborate with other universities, industry peak associations and the Australian Council for Trade Unions (ACTU) to deliver workplace management training, with a focus on managers in small and medium-sized businesses,’ says Professor Gahan. ‘Our vision is to see Australian workplaces led by world-class managers, managers capable of working collaboratively with employees and workplace stakeholders

to create productive and innovative outcomes that enable Australian businesses to compete in dynamic and highly competitive international markets. In the end, the aim is to ensure we can create high productivity, high quality, and secure jobs for the future Australian workforce.’ One of the first projects would see the Centre working with CISCO to investigate how telework can enhance productivity, including how managers can respond and adapt to telework technology. Total funding for the Centre includes $12 million over four years from the Australian Government and around $5 million cash and in-kind contributions from businesses and the University. In a joint statement, the Deans of the Faculty, Professor Zeger Degraeve and Professor Paul Kofman, underscored the importance of the announcement: ‘Workplace leadership will be the key to unlock future productivity gains, so pertinent to the economic strength of Australia. It is a major challenge for Australia’s small and medium-sized enterprises to access the latest advances and world’s best practice in workplace leadership. The University of Melbourne and the Faculty of Business and Economics are honoured to be selected as the home of this innovative Centre which focuses on groundbreaking leadership research and active industry engagement that reaches out to this important sector of Australia’s economy.’

FACULTY OF BUSINESS AND ECONOMICS

MELBOURNE INSTITUTE

Melbourne Institute is Australia’s leading and longest-running research institute in the field of economics, undertaking cutting-edge research into key issues relevant to contemporary economic and social policy. The Institute undertakes research across four key areas – socioeconomic disadvantage; public sector performance; productivity and living standards; and fostering health and wellbeing. In each of these areas we remain focused on building the evidence base for reform and contributing to public policy. To support our research, we are involved in the collection and analysis of survey data, and the measurement of economic and social indicators. This work gives us and other organisations the tools and data we need to help shape policy.

REPORT 2013 Research partnership with DEECD Work has been conducted on eight separate research projects as part of the 2013 research program with the Victorian Department of Education and Early Childhood Development (DEECD). These projects include an analysis of Victorian students’ achievement in international tests vis-à-vis those in high-achieving countries, and two studies on the impact of principals and their behaviours on student achievement. Following the success of the initial partnership agreement, the partnership with DEECD has been extended for a further two years. Research grant successes Dr Alfons Palangkaraya, Professor Elizabeth Webster and Professor Paul Jensen with Professor Jacques Mairesse (Research Center in Economics and Statistics, Paris) received an ARC Discovery Grant of $420 000 over three years to investigate ‘The relationship between firm innovation and performance and the role of the government’. Professor Deborah Cobb-Clark received an ARC Discovery Grant of $428 000 over three years to investigate ‘Living on the margin: The relationship between mental health and work in Australia’. Professor Anthony Scott is a Chief Investigator on an NHMRC project led by Associate Professor Michelle Dowsey of the Department of Medicine at St Vincent’s Hospital. They received an NHMRC Project Grant of $448 229 over four years for their project ‘Maximum acceptable risk of complication in total knee arthroplasty (MARKA) study: Using discrete choice experiments to elicit patient and surgeon perception of acceptable risk in total knee arthroplasty’. The University of Queensland will lead a new, multi-million dollar Centre of Excellence aiming to break the cycle of social disadvantage experienced across generations within families. Professor Deborah Cobb-Clark from the Melbourne Institute is a co-investigator in the Centre. The $20 million in Australian Research Council (ARC) funding awarded to the Centre of Excellence for Children and Families over the Life Course (Life Course Centre) represents the only ARC funding to a centre in the social sciences. The funding is awarded over seven years.

The Centre will tackle the problem of deep and persistent disadvantage, which is characterised by the spread of social and economic poverty in families and across generations despite overall improvements in the broader society. Journeys Home funding extended In April, it was announced that additional funding for the Journeys Home study would be provided to enable a further two survey waves. Journeys Home is a longitudinal study that is following a sample of Centrelink customers who have faced, or are facing, serious housing difficulties. The study is set to continue until at least the end of 2014, and will provide a study of the housing circumstances of disadvantaged people over a three-year period. Events Our first Medicine in Australia: Balancing Employment and Life (MABEL) Research Forum was held in April. The aim of the forum was to disseminate results from research using MABEL data, in the context of key medical and health workforce policy issues. Eighty participants from medical colleges, postgraduate education councils, rural workforce agencies, Health Workforce Australia, and Commonwealth and State departments, as well as academic researchers, contributed to a day of discussion around a number of research projects. The 6th biennial HILDA Survey Research Conference was held in Melbourne in October. Around 185 registered to attend, with 38 presentations delivered, focusing on using HILDA data. The conference was opened by Dr Matthew Butlin, Chair of the Melbourne Institute Advisory Board, and the keynote address was delivered by Associate Professor Richard Lucas, from Michigan State. The speaker at the conference dinner was the Hon Andrew Leigh MP. Reports and publications The Melbourne Institute Policy Briefs Series was launched and saw six issues published examining current policy issues and providing an independent platform to public debate. In 2013, the Melbourne Institute joined forces with St George Bank to produce the St George– Melbourne Institute Household Financial Conditions Index. This quarterly report is based on a representative survey of 1200 households

from all over Australia. Data from this survey provides up-to-date measures of household saving performance and asset choice. The Westpac–Melbourne Institute Survey of House Price Expectations was launched as a monthly series in November 2013. The report is concerned with consumers’ views about expected house prices. Promotions and appointments Dr Guyonne Kalb was promoted to Professor, effective January 2013. Professor Kalb joined the Melbourne Institute in January 2001 and currently is Director of the Melbourne Institute’s Labour Economic and Social Policy Research Program. Dr Gaétan de Rassenfosse was promoted to Senior Research Fellow, effective September 2013. Dr de Rassenfosse joined the Melbourne Institute in October 2010 and works with the Industrial Economics Research Program. Dr Russell Thomson was promoted to Senior Research Fellow, effective September 2013. Dr Thomson joined the Melbourne Institute in January 2009 and works with the Industrial Economics Research Program. Professor John Haisken-DeNew is a Professorial Research Fellow within the Economics of Education and Child Development Research Program at the Melbourne Institute. From March 2013, Professor Haisken-DeNew has also been appointed as the Associate Dean (Research and Research Training) for the Faculty of Business and Economics. Professor David Ribar has been appointed as a Professorial Research Fellow at Melbourne Institute. His appointment is one of the University’s R@MAP appointments. Dr Ribar is currently a Professor in the Department of Economics at the University of North Carolina at Greensboro. Much of his research focuses on issues associated with poverty. He is a member of the editorial board of the Journal of Population Economics and co-editor of the Southern Economic Journal. Professor Ribar will be visiting the Melbourne Institute in March 2014 and will join the Melbourne Institute full-time from the middle of 2014; his research will focus on poverty economics (with an emphasis on housing security, food security, and social inclusion).

ANNUAL REPORT 2013, OUTLOOK 2014

The Melbourne Institute will also be launching the Westpac–Melbourne Institute Small Business Index. This quarterly research report aims to provide information about the economic health of Australian small businesses.

Professor Deborah Cobb-Clark

Prize Melbourne Institute PhD student Michelle McIsaac won the Best Presenter prize at the 1st Australian Health Economics Doctorial Workshop in September 2013, for her presentation ‘Mobility and relocation of metropolitan general practitioners’.

NEWS STORIES

OUTLOOK 2014 A workshop on Homelessness and Housing Insecurity will be held early in the year that will involve leading international researchers discussing the latest research. Topics will address both the determinants and consequences of housing vulnerability, and importantly what we can learn from international approaches to prevent homelessness. This workshop is the first stage in launching a major research agenda around these topics at the Melbourne Institute. Following on the success of the Inaugural MABEL Research Forum in 2013, a second MABEL Research Forum will be held in April. The forum will discuss research using the MABEL data in a form that is accessible to academics, policymakers and other stakeholders. In July, the Melbourne Institute will host its 9th Economic and Social Outlook Conference, Pathways to Growth: The Reform Imperative, jointly with The Australian. The thread running through our previous conferences has been that continued policy reform can enrich Australia’s overall wellbeing while providing opportunities for all. The format has established itself as 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. Issues explored by the two-day conference will include budget sustainability, education, infrastructure, trade with Asia, aged care, federalism, the labour market and employment, climate change and energy, social disadvantage and exclusion and the end of the age of entitlement. The Melbourne Institute will also be launching the Westpac–Melbourne Institute Small Business Index. This quarterly research report aims to provide information about the economic health of Australian small businesses.

2013 HILDA REPORT SOUNDS THE ALARM ON CHILD POVERTY

$3 MILLION FUNDING FOR UNIQUE HOMELESS STUDY

Australian children under the care of just one parent are three times more likely than other children to live in poverty, new data from Australia’s most comprehensive household survey has revealed.

A unique research study conducted by the Institute that examines the extent and causes of homelessness in Australia has received an additional $3 million in funding by the Australian Government.

The Household, Income and Labour Dynamics in Australia (HILDA) Survey, produced by the Melbourne Institute, found 24.1% of children living with a single parent are subjected to poverty, compared with just 7.6% of children in two-parent homes. The rate of lone parent child poverty has jumped a staggering 15% since 2001.

Since the Journeys Home study began in 2010, it has been following the lives of more than 1600 Australians who are homeless or at risk of homelessness. A longitudinal research survey like this on the issue of homelessness is unique in Australia, and it is providing a picture of the diverse social, economic and personal factors related to housing stability.

The report’s editor and co-author, Associate Professor Roger Wilkins, said the results were startling. ‘These figures show that while some progress has been made to drag children out of poverty, big challenges remain.’ HILDA is Australia’s only large-scale nationally representative longitudinal household survey. It uses annual interviews with more than 12 000 Australians to create a detailed picture of how their lives are changing over time. ‘Since it began in 2001, HILDA has provided valuable insights into the economic and social lives of Australians,’ said Associate Professor Wilkins. The HILDA Survey is funded by the Australian Government through the Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA).

Findings from the study are presented in waves and to date two waves have been issued. In announcing the additional $3 million in funding for Journeys Home, Minister for Housing and Homelessness Mark Butler highlighted how the 2008 Government White Paper on Homelessness, The Road Home, identified a lack of research and data on homelessness. Parliamentary Secretary for Homelessness and Social Housing Melissa Parke highlighted that ‘extending Journeys Home for another year will further develop our understanding of what differentiates people who have been able to move out of homelessness from those who have not’.

FACULTY OF BUSINESS AND ECONOMICS

Professional staff Professional staff manage the operational services of the Faculty.*

STUDENT AND STAFF SERVICES

PROFESSIONAL SERVICE UNITS (PSUs)

DEPARTMENTAL PROFESSIONAL STAFF

Our students and staff are supported in their activities by comprehensive support services run by dedicated teams of academic and professional staff. Service providers include:

The professional service units are staffed by industry professionals to support the daily operational management of the Faculty and include:

Departmental professional staff assist academic staff and administer the Departments’ teaching, learning and research activities.

• Business and Economics Careers Centre − providing discipline-specific careers support to students and engagement opportunities for industry and employers.

• Advancement

• Centre for Excellence in Learning and Teaching (CELT) − supporting the delivery of exceptional curriculum. Our staff work with teachers to provide world-class learning experiences for students.

• Human Resources

• Business Operations • Finance

OFFICE OF THE DEAN The Office has a team of dedicated staff supporting the various Deans and the Executive Director.

• Marketing and Communications • Research Support • Service Level and Facilities Management.

• Commerce Student Centre – services and support for BCom students. • MBS Student Centres (Berkeley St and Leicester St) – services and support for graduate students.

CSC SENIOR ADVISERS WIN AWARDS Raffaella Di Maio (see photo), one of the CSC’s Senior Advisers received the Provost’s Student Advising Travel Award. This award is given to one staff member across the University each year and acknowledges her exemplary performance in student servicing. The award gives Raffaella the opportunity to represent the University at the 2014 NACADA (National Academic Advising Association) Conference in Minneapolis, Minnesota in October 2014. Another Senior Adviser, Helen Kelly, received the University’s Service Star Award for commitment to customer service excellence, ownership of student issues and adhering to the principles of the Student Services Commitment. Nominees are judged by a panel of the Director, Student Services, the Service Commitment Coordinator, two Student Centre Managers (undergraduate and graduate) and the General Manager, University of Melbourne Student Union. * MBS Ltd professional staff are not included in this report.

The Faculty’s Research Support Unit was singled out in the Melbourne Research Experience Survey (2013) has having been very responsive to feedback from the previous (2011) results, and maintained a very high standard of service as reported in the 2013 survey.

ANNUAL REPORT 2013, OUTLOOK 2014

PROFESSIONAL STAFF REPORT 2013 ADVANCEMENT The Advancement Unit had an important role in the launch of the Campaign for the University of Melbourne, and the Dean, Professor Paul Kofman, and the Director of Advancement, Mr Stephen May, attended the international launches. Faculty alumni played a critical role supporting the University to achieve more than $285 million towards its long-term goal of raising $500 million. The Melbourne Foundation for Business and Economics held its annual Foundation Dinner in the Great Hall at the NGV in March 2013 and 580 senior business leaders, 405 of whom were identified as alumni, attended. The evening raised $455 000; the total raised since the first dinner in 2011 is in excess of $1.5 million. The Alumni Relations team initiated an online mentoring program matching students with mentors in their home countries, assisting them to build networks and develop their careers. FINANCE In 2013, the Finance Unit recruited staff into new roles. An Oracle upgrade was implemented in the Faculty with minimal disruption and has improved the Faculty’s compliance outcomes.

SERVICE LEVEL AND FACILITIES MANAGEMENT (SLFM) A key achievement was the establishment of the SLFM unit and appointment of staff. There was significant progress made in transitioning workplace computing into the Faculty. The AV upgrade and Centre for Workplace Leadership (CWL) capital works projects were approved and will be completed in early 2014. Through maintaining relationships with University service providers the SLFM ensured that facilities were managed in a safe and effective manner.

• establishment of the Department of Business Administration ensuing from the collaboration with the Melbourne Business School • completion of a major change program within the Centre for Excellence in Learning and Teaching (CELT) • appointment of staff to key roles in the Centre for Workplace Leadership. MARKETING AND COMMUNICATIONS A focus of the Marketing and Communications Unit in 2013 was transitioning the former Graduate School of Business and Economics brand over to the Melbourne Business School. This involved substantial work in rebranding relevant marketing and communications materials, including the development of a new graduate school website and prospectus. Other achievements included the implementation of a video content strategy, building social media capability to encompass Chinese language, and the delivery of outstanding results in relation to media outreach and brand.

Priorities for 2014 include contributing to the implementation of the Business Improvement Program; implementation of the new Enterprise Agreement and the Academic Career Development and Professional Staff Career Development frameworks; training staff in the University’s Responsible Conduct of Staff Policy; implementation of HR system enhancements including Themis R2 and relocation services; and facilitating the Staff Survey Implementation Plan. MARKETING AND COMMUNICATIONS

RESEARCH SUPPORT A focus in the early part of 2013 was the Research and Research Training workstream for the FBE–Melbourne Business School Ltd collaboration. The Unit launched support services to maximise opportunities for researchers, including grant mentoring; dedicated access to research consultations and training programs delivered by the Giblin’s Liaison Librarian; and development of department-specific research administrative support.

PROFESSIONAL STAFF OUTLOOK 2014

HUMAN RESOURCES A new business partnering model enabled the Human Resources Unit to build strong relationships with existing and new members of the Faculty’s leadership teams, resulting in positive outcomes for their respective units. These included:

HUMAN RESOURCES

ADVANCEMENT In 2014, the Advancement Unit will focus on the University’s priority to develop a Centre for Innovation and Entrepreneurship. The Centre will bring initiatives for innovation and entrepreneurship, enabling the University to contribute to the potential of Australia’s knowledge economy. The Unit will build support for research areas across the Faculty; attract support for scholarships; and provide bursaries giving students opportunities for a global experience. New initiatives are an online alumni-to-alumni mentoring program to support final-year students who will enter the business world for the first time; and a graduating class gift program, providing recent graduates an opportunity to give back to the Faculty. FINANCE The University is introducing two new financial systems, i-procurement and Hyperio, as well as changes to the corporate finance operational model as part of its Business Improvement Program.

We aim to build stronger ties with our colleagues at MBS@Leicester, to further knowledge, share best practice and capitalise on opportunities to build the MBS brand across programs. Areas of focus will include a content marketing strategy to enhance the recruitment experience for candidates; increased analytics to drive innovation and ROI; brand building in domestic and international markets; and a review of processes to manage market opportunities and challenges. SERVICE LEVEL AND FACILITIES MANAGEMENT In 2014, we will continue to build the team and take on responsibilities as required. Capital works are planned that will enhance spaces in the Faculty. RESEARCH SUPPORT The Research Support Unit will work closely with the Associate Dean (Research and Research Training) to improve research income and grant performance. These include the R@MAP professorial positions, postdoctoral schemes and more RHD scholarships. The collaboration may result in a review of performance expectations and research incentives to achieve strategic objectives. We will develop initiatives to build cohort experience and manage a 100% increase in new student admissions. A critical area for the Unit will be refinement of the four-year Doctoral Programs, with the Departments of Accounting and Finance joining Economics in offering a fouryear program and Management and Marketing scheduled to launch one in 2015.

FACULTY OF BUSINESS AND ECONOMICS

Research and research training RESEARCH REPORT 2013 Publications The Faculty is building on its impressive publications record, returning 446 publications with increased representation in book chapters and flagship refereed journals (see Appendix E on pages 72–85 for list of 2013 publications). In 2013, the Faculty has consolidated its place as one of the top 100 institutions in the world for Economics and Business in the prestigious Academic Ranking of World Universities (ARWU). Refereed journal articles Although the final returns for the 2013 refereed journal publications (Higher Education Research Data Collection or ‘HERDC’ C1) are not available at the time of writing, the Faculty’s 2013 performance against the past performance from 2008 is illustrated in the graph. The highest-ranked refereed journal publications of A+/A* have reached their highest levels since 2008. The number of publications at the slightly lower level A has reduced slightly, whereas the lowest levels B, C and unranked NA are at their fewest over this time period.

Thus the concerted effort in the Faculty to change the mix of the quality of publication by focusing on the best quality A+/A* journals has been successful. Each publication is categorised by the new ABDC journal classification (abdc.edu.au) and weighted inversely by the number of co-authors. Almost identical qualitative results are obtained using the discontinued ERA 2012 journals list (gov.au/era).

Although the new ABDC system has no official concept of A+ journals, these are reported additionally as extremely highly respected inter-disciplinary A* journals from the fields of science and medicine, such as Science, British Medical Journal and Social Science & Medicine. Those journals that do not have an ABDC ranking are listed as NA (Not Available).

Total Faculty publications by Australian Business Deans Council Classification (ABDC 2013) 70

A+

60 A* 50 40

10 NA

0 2008

2009

2010

2011

2012

2013

NEWS STORIES

NEW SCHOOL OF GOVERNMENT LAUNCHED The Faculty of Business and Economics, the Faculty of Arts and the Law School at the University have come together to launch the Melbourne School of Government (MSoG). The School aims to develop innovative responses to public policy and governance questions, foster a culture of public debate and help train the Asia–Pacific’s next generation of political leaders. The MSoG Director, Professor Helen Sullivan, said the School will work with policymakers and the general public. ‘We will have an ongoing, genuine and robust dialogue with business leaders, government departments, agencies and NGOs, as well as the world’s best thinktanks and academic institutions.’

Co-Dean of the Faculty, Professor Paul Kofman, highlighted the opportunities: ‘The Melbourne School of Government creates a unique opportunity to effectively exploit our teaching and research strengths in the economics and business aspects of public policy. By collaborating we can begin to explore interdisciplinary solutions to pressing multidimensional public policy problems in areas like ageing and health, food security, resources taxation, population growth and urban planning.’

RESEARCH AT MELBOURNE ACCELERATOR PROGRAM (R@MAP) The R@MAP program, initiated by the University’s Deputy Vice-Chancellor Research (DVCR), sought to establish

50 new professorships by providing seed funding, for an estimated total expenditure of approximately $50 million, with the express purpose of attracting successful oversees researchers to the University. These R@MAP professors were intended to address explicitly the Three Grand Challenges of the University: understanding our place and purpose; fostering health and wellbeing; and supporting sustainability and resilience. There were two rounds of funding. In each round, the FBE was successful in receiving funding support from the R@MAP program. Currently from R@MAP round one, there were two successful appointments. Although the Faculty was in general quite successful in receiving support from the R@MAP program itself, attracting professors from the international market has proven challenging.

ANNUAL REPORT 2013, OUTLOOK 2014

Research projects Centre for Workplace Leadership (CWL) Director: Peter Gahan (Management and Marketing). Theme Leaders: Bill Harley, Robert Wood, David Shallcross (Management and Marketing). Total funding $12 million over four years. The Centre for Workplace Leadership will collaborate with other universities, industry peak associations and the Australian Council for Trade Unions (ACTU) to deliver workplace management training, with a focus on managers in small and medium-sized businesses. The aim of the Centre is to ensure Australia can create high productivity, high quality, and secure jobs for the future workforce. Total funding includes $12 million over four years from the Australian Government and $5 million cash and in-kind contributions from businesses and the University. ARC Centre of Excellence (CoE) Children and families over the life course Chief Investigator: Deborah Cobb-Clark (Melbourne Institute). Associate Investigators: Guyonne Kalb (Melbourne Institute), Chris Ryan (Melbourne Institute). Externally led by Janeen Baxter, University of Queensland. CoE total funding $20 million over seven years. Families are key components in the transmission of disadvantage between generations and over the life course; for example, children of poor or uneducated parents do not do well in the labour market themselves. This CoE’s challenge is to identify the mechanisms underlying these processes and develop policies to reduce disadvantage and minimise harms. The CoE team will advance basic, applied and translational research with the aim of reducing intergenerational and long-term disadvantage. Through the maturation of longitudinal datasets and advanced data integration we can follow the journeys of Australian families over generations and across the life course. The CoE team will use these datasets to provide empirical evidence for new policies to combat disadvantage and thereby make a real difference to the lives of children and families.

Faculty’s first FBE ARC Discovery Early Career Researcher Award (DECRA) Tom Wilkening (Economics): Extending economic design to non-market settings: An experimental study of mechanism design with intention-based preferences Dr Tom Wilkening of the Department of Economics is the Faculty’s first DECRA recipient. His project studies mechanism design in experimental settings where individuals exhibit a desire to be kind to those who have been kind to them and unkind to those who have not. A highly mathematical and abstract branch of game theory, mechanism design theory’s pioneers were awarded the Nobel Prize in 2007. The Committee noted in its statement announcing the award: ‘[The theory] allows us to distinguish situations in which markets work well from those in which they do not. It has helped economists identify efficient trading mechanisms, regulation schemes and voting procedures.’ Dr Wilkening’s research has concrete applications in real-world settings. One aim is to improve the contracts written between firms and their suppliers to protect the suppliers from risk, protect the firm from unexpected costs, and reduce the potential of protracted arbitration and litigation. ARC Cooperative Research Centre (CRC) Potential rebid – Amalgamation of the MII CRC and the AM CRC University of Melbourne’s Manufacturing Industry Innovation CRC The original bids for the MII CRC and the directly competing, and currently funded, AM CRC (amcrc.com.au) were initially rejected outright for funding, but both were recommended for a joint rebid process. The Ministry for Education has signalled that a joint competitive bid could be resubmitted until June 2014. MII CRC as initially tendered was intended to build broad capability for innovative manufacturing in Australian firms by transforming their agility, absorptive capacity, speed to market and investment capabilities. Specifically, the CRC was intended to focus on providing the tools and techniques for Australian firms to make informed business decisions that will improve their productivity, efficiency and agility.

The proposed CRC represents an innovative approach to bolstering the manufacturing sector by focusing on: • researching technological disruptions and their impact on the sector • identifying technological advances that will enhance absorptive capacity in firms and improve their agility • developing business models focused on achieving business success through accessible innovation • increasing speed to market through rapid productisation • developing models and tools to help the investment sector to assess innovation risk • creating a structured approach to clustering to drive sector sustainability • developing and training postgraduates and postdoctoral fellows to provide them with the skills needed to produce innovative end-user centred solutions. The negotiation process has started between the teams of University of Melbourne’s own MII CRC and the competing AM CRC to arrive at a revised joint bid incorporating components of both research agendas under a new name and leadership.

In 2013, the Faculty has consolidated its place as one of the top 100 institutions in the world for Economics and Business in the prestigious Academic Ranking of World Universities (ARWU).

FACULTY OF BUSINESS AND ECONOMICS

The Industrial Transformation Research Program Hub project will enable Australia’s largest manufacturing sector to exploit new markets such as India and China.

Industrial Transformation Research Program (ITRP) Unlocking the food value chain: Australian food industry transformation for ASEAN markets The ARC’s Industrial Transformation Research Hubs scheme supports collaborative research activity between the Australian higher education sector and industry, designed to focus on strategic outcomes not independently realisable. Academics from the Department of Management and Marketing (Professor Danny Samson and Associate Professor Angela Paladino) and the Melbourne Institute (Professor Elizabeth Webster), in collaboration with colleagues from the Faculties of Engineering, MDHS, Science and MSLE, are leading the University of Melbourne’s team of experts who are working in partnership with Kraft Foods in an integrated research program to enhance Asian export opportunities for manufactured confectionery. The Research Hub will develop new product insights and innovative production technologies that will enable Australia’s largest manufacturing sector to exploit new markets such as India and China. The Food Research Hub will receive $2 million for the life of the project. Grants The Faculty has been active in attracting funding from Australian Research Council (ARC) Category I income (nationally competitive bids), including Discovery, Discovery for Early Career Researchers, and the Centre of Excellence program. Among a number of achievements in 2013, there was an almost 150% increase in the number of ARC Discovery Project grant applications (from nine to 22), with an improved success rate of 27%. For the first time, the Faculty was successful in the Discovery Early Career Researcher Award (DECRA) grant category.

To improve Category IV funding performance through increased participation in key University research initiatives, FBE has partnered with the Faculty of Engineering, the Association of Superannuation Funds of Australia, the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the Australian Industry Group (AI Group) to lead a bid for a Manufacturing Industry Innovation tri-sectoral Cooperative Research Centre grant. For more details on 2013 grants please see each Department report on pages 22–33. OUTLOOK 2014 Looking forward to the ARC round starting with funding in 2015, the current submissions for Discovery Project (DP) and Discovery for Early Career Researcher Awards (DECRA) look encouraging, yet are at a reduced level compared to those projects starting in 2014. Currently 15 DP applications are slated for submission to the ARC for 2015 funding: one from Accounting, two from Economics, one from Finance, four from Management and Marketing, and seven from Melbourne Institute. There are six DECRA applications: one from MBS, one from Management and Marketing, three from Melbourne Institute, and one from Economics. Negotiations for the joint Cooperative Research Centre between AM CRC and MII CRC are only just now starting. The total value of the original MII CRC bid was $50 million, however the value of the new joint bid is as yet unclear and will be determined by the negotiation process. Within FBE, Management and Marketing and the Melbourne Institute are expected to be apportioned funding under the new CRC.

ANNUAL REPORT 2013, OUTLOOK 2014

The year’s focus was on enhancing the graduate research candidate experience and on improving reporting and processes across candidature administration.

RESEARCH TRAINING REPORT 2013 The Faculty hosts a vibrant community of 100 graduate research candidates studying for a PhD or Masters by Research. Our mission is to deliver the highest quality PhD program in business and economics and produce leading researchers and teachers across academia, industry and government. The Research Support Unit provide strategic policy advice and administrative services and support for graduate research programs. Achievements Recruitment numbers continued upwards with 13 Doctoral Program in Economics applicants admitted in 2013, compared with four in 2012. Actuarial Studies had its largest research intake since 2009 and we met the Faculty’s goal of 22–25 students with ease. The year’s focus was on enhancing the graduate research candidate experience and on improving reporting and processes across candidature administration. The Faculty played a role in the University’s Graduate Research Policy revamp chaired by Professor Joy Damousi, contributing in the areas of scholarship and candidature management policy. An inaugural Graduate Research Welcome Event brought together current and incoming candidates − providing an informal setting to discuss scholarly and administrative issues. The Graduate Research Directors’ Advisory Group was established to improve communications and facilitate alignment of priorities under the Faculty’s research training objectives. Pro-Vice Chancellor, Research Training, Professor Dick Strugnell, singled out FBE’s commitment to international graduate research training, demonstrated by the increase in the Faculty’s international research scholarship funding (one of only two faculties that increased their international scholarship offers in 2013). Recruitment 2013 admissions substantially increased across the Faculty, with the following highlights: • Five candidates were accepted into the Faculty’s thesis-only PhD in Actuarial Studies (an increase from two last year) • 13 candidates were accepted into the Doctoral Program in Economics (up from four in 2012) • 16 candidates commenced in Semester 1 and seven commenced in Semester 2.

Scholarships and prizes Williams Prize for Excellence in the Research Thesis (2012) / Chancellor’s Prize Faculty nominee

Finance Ang, Tze Essays on distress risk and stock returns

Dr Sofie Arjon Schütte (Management and Marketing) Triggering institutional change in an environment of endemic corruption: The Indonesian Corruption Eradication Commission. Dr Schütte’s thesis was selected by the Faculty’s Research Committee as the Williams Prize recipient for Excellence in the Research Thesis and as the Faculty’s Chancellor’s Prize nominee. Sections of the thesis have been published in peer-reviewed journals and a monograph manuscript based on the thesis is under review by the National University of Singapore Press. In November 2012, Dr Schütte was invited by the United Nations to speak in Jakarta on principles for anti-corruption commissions. Her study is expected to make a significant contribution to a broad community of scholars on Indonesia and those working comparatively on anti-corruption commissions. After completion of her thesis, Dr Schütte accepted a U4 advisor role with the U4 AntiCorruption Centre at the CHR Michelsen Institute in Norway.

Liu, Chang Credit portfolio tranche pricing: Credit risk and non-credit risks

PhD completions The Faculty is exploring initiatives to increase completion rates. Initiatives include professional development training and research and thesiswriting skills.

Spry, Amanda A contingency framework for understanding the effect of brand portfolio strategy on firm performance

The following candidates completed in 2013: Accounting Cai, Weiyi Disclosure quality, cost of capital and real effects of disclosure Economics Liu, Qing Statistical modelling of insurance claims Manzoor, Muhammad Hypothesis testing in a nearly integrated autoregressive model Raymond, Peter Allowing for mortality uncertainty in life insurance models Tan, Shawn Essays on the structural estimation of trade models

Wang, Jiaguo Essays on institutional investors’ behaviour and performance Yao, Yaqiong Essays on momentum investing Management and Marketing Dehghan Najmabadi, Somayeh Supply chain integration and operational performance of Australian manufacturing firms: A transaction cost economics perspective Ren, Shuang Self-development of leadership competencies among middle managers in China Singh, Alka Do firms trade-off or accumulate operations capabilities? Some evidence from Australian service and manufacturing industries

Than, Phakdey Unlocking decision risk: The impact of selfregulatory focus on risky decision making Melbourne Institute Black, David The utilisation of human capital from education in Australian labour markets: Over-education?

FACULTY OF BUSINESS AND ECONOMICS

The Faculty has approximately 25 students commencing PhD candidature in 2014 and a further 15 applicants accepted into Doctoral Programs in Accounting, Economics and Finance.

RESEARCH CENTRES AND PROJECTS OUTLOOK 2014 The Graduate Research Support Unit will provide enhanced service and support to a substantially larger cohort of graduate researchers in 2014. Expanding student experience and funding opportunities for candidates are key priorities, as is the development of a comprehensive graduate research marketing and recruitment strategy to attract a high-quality group of applicants into programs. The Faculty is looking to play an influential role in shaping the upcoming policy debate on Graduate Research professional placements, where candidates will be provided with extensive and intensive research training as a core component of their PhD program. The Faculty has approximately 25 students commencing PhD candidature in 2014 and a further 15 applicants accepted into Doctoral Programs in Accounting, Economics and Finance. This is the largest graduate research admissions intake since the Unit’s inception in 2009. The Faculty is working with the Department of Management and Marketing on their Doctoral Program for 2015. In 2014, all candidates offered a place in our graduate research programs are guaranteed a stipend of $30 000 per annum. This is one of the University’s most generous commitments to graduate research funding. The Faculty also received an unprecedented number of China Scholarship Council applications for commencement in 2015. GRADUATE RESEARCH PROGRAMS • PhD (Actuarial Studies) • Master of Commerce by Thesis (Actuarial Studies) • Doctoral Program in Accounting (Master of Commerce [Accounting] and PhD) • Doctoral Program in Economics (Master of Economics and PhD) • Doctoral Program in Finance (Master of Commerce [Finance] and PhD) • PhD with Coursework (Management and Marketing)

The Faculty’s high standard of service delivery was recognised in the Melbourne Research Experience Survey results, which reported candidates’ high rate of satisfaction with the Graduate Research team’s administrative support.

ASIA PACIFIC SOCIAL IMPACT LEADERSHIP CENTRE (APSILC) APSILC was established in 2008, in partnership with the Helen Macpherson Smith Trust, and is led by Professor Ian O Williamson, who is an internationally respected academic, business leader and social innovator. The four main areas of activity for APSILIC are: • Indigenous business development: APSILC’s work in this area is based on the theory of social change that by enhancing the business acumen of Indigenous business leaders, they will be more successful at recognising and exploiting opportunities for their businesses. This will lead to greater business growth, which in turn supports job creation and community stability and increases in the overall wealth of the Indigenous community. The centrepiece of APSILC’s work in this area is the MURRA Indigenous Business Masterclass Program (murra means ‘fish net’ in the Woi Wurrung language of the Wurundjeri people of Melbourne). Consistent with its name, the MURRA program is designed to ‘capture’ and develop Indigenous business leaders. • Building capacity in the third sector: APSILC works to enhance third-sector organisations by developing greater organisational acumen in third-sector leaders. Third-sector organisations seek to achieve social objectives in line with their particular mission. Social enterprises are organisations that trade to fulfil their social missions. APSILC projects in this area include (1) partnering with the non-profit organisation Social Traders on The Crunch program, which teams emerging social enterprises with MBA student mentors, (2) producing reports on branding as a tool for engagement for the public gallery sector, and (3) organising forums on issues such as sustainable mining and partnerships between business, government and NGOs in development aid. • Pathways to work: Employment and economic independence are crucial components of social equity. APSILC has developed initiatives to examine how pathways to work for underrepresented job seekers can be increased. The Centre’s work in this area focuses on projects related to human resources strategy and recruitment, talent search and corporate social responsibility practices in the business community.

ANNUAL REPORT 2013, OUTLOOK 2014

• Creating shared value: All organisations seek to create value, whether economic, social or environmental. The private sector has historically focused on creating economic value, typically leaving the social and environmental dimensions to government, philanthropic and non-profit sectors. However, a new approach is taking hold globally in which business embraces blended value creation, which reintegrates commerce and community in order to generate a greater total value for society. APSILC is working to help Australian companies create blended value in their operations. APSILC is a model for how business schools can serve as positive change agents in their communities. The success of APSILC has positioned the Department as an international leader in connecting business education with social outcomes. CENTRE FOR ACTUARIAL STUDIES 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 Actuaries Institute. Graduates who obtain marks above prescribed levels in specified subjects receive exemptions from the corresponding exams of the Actuaries Institute or the Institute and Faculty of Actuaries (UK). The Centre teaches undergraduate, honours and masters programs and also offers PhD supervision. The Centre is internationally renowned for its research in actuarial science and financial mathematics. All members of staff are researchactive. The Centre hosts regular visits of leading international academics and overseas students and maintains strong links with the actuarial profession in Australia. The Centre’s Director is Professor Daniel Dufresne. MELBOURNE HUMAN RESOURCE MANAGEMENT UNIT The Unit houses researchers with interests in human resource management and industrial relations. They bring perspectives from psychology, economics and sociology, and methodological expertise to bear upon important contemporary challenges. Established in 1999 within the Department of Management and

Marketing, the Unit is a bridge between the academic and business communities, facilitating research on employment issues and disseminating findings to impact practice and policy. The key focus is on human resource management and employment relations in the Asia–Pacific, North America and Europe. In keeping with its international outlook, the Unit collaborates with leading overseas universities and arranges links with international scholars in the fields of human resource management and employment relations. The Unit also collaborates with and consults Australian businesses and government agencies, 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 Unit is Professor Michelle Brown. Achievements 2013 The Isaac Symposium (a joint venture of the Unit and the Faculty of Business and Economics at Monash University) was held on 21 October 2013, with the theme ‘Can employee voice and participation unlock employee engagement?’. Professor John Purcell; the Hon. Justice Alan Boulton AO, Senior Deputy President, Fair Work Commission; and Professor Emerita Di Yerbury AO, Company Director, formerly of Macquarie University, University of NSW and Monash University, addressed the symposium. On 11 September 2013, Professor Sue Richardson, Principal Research Fellow at the National Institute of Labour Studies (NILS), Matthew Flinders Distinguished Professor and a member of the National Sustainability Council, presented the 28th Annual Foenander Lecture, ‘Overworked and underpaid? The new realities of the labour market’.

FACULTY OF BUSINESS AND ECONOMICS

The Experimental Economics Laboratory was opened in 2007 to promote the use of experimental methods in economics research and policy making.

Professor Peter Bardsley

CENTRE FOR MARKET DESIGN (CMD) The Centre for Market Design is a collaborative undertaking of the Department of Treasury and Finance of Victoria, the Commonwealth Treasury and the University of Melbourne. The CMD executive is made up of Professor Peter Bardsley (the Centre’s Director), Associate Professor Simon Loertscher (Deputy Director Research) and Mr Gary Stoneham (Department of Treasury and Finance; Deputy Director Policy). CMD aims to build capacity within Australian universities and governmental departments to use market-based solutions to enhance the efficiency of various allocations problems which range from trading environmental goods to allocating child care and kindergarten slots, and human services.

Achievements 2013 CMD develops policy mechanisms that achieve the stated objectives of government which embody the efficiency properties normally observed in markets. In 2013, the Centre continued to develop policy projects in a diverse range of policy domains including kidney exchange, child care, human services, energy markets and electricity procurement. A major project was completed for the Commonwealth Government to design a cash-bidding system to allocate mature offshore petroleum acreage in June, and work commenced on an 18-month joint project with the Centre for Biosecurity Risk Analysis for the Department of Agriculture on incentives in biosecurity border protection. In the CMD’s research domain, contributions to directly support the salary costs of economists whose research is directly relevant to the CMD were made with the express aim of building research capacity. In 2013, the CMD fully supported the salary cost of one level B position in Economic Theory. In addition, through a contribution of the Melbourne Energy Institute (MEI), matched by equal Faculty funding, the CMD supported a second position in Energy Economics. The CMD again contributed $30 000 to the Economic Theory and Experimental Economics Group convened by Professor Claudio Mezzetti to support its program of visitors, seminars and workshops in market design. The CMD also played host to a number of highly regarded international researchers in 2013. Partial funding from the CMD supported a visit by Professor Tayfun Sonmez from the Department of Economics, Boston College to the Department of Economics in August. Throughout his weeklong visit, Professor Sonmez met with Centre staff and research affiliates, attended meetings with high-level public servants and participated in a teleconference on the CMD’s kidney exchange project that included Professor Paolo Ferrari from the University of Western Australia. Professor Sonmez also gave a seminar titled ‘The demise of walk zones in Boston: Priorities vs precedence in school choice’. Professor Lones Smith from the University of Wisconsin gave a two-day mini-course on search and matching in March that was widely attended by academics, research students and public servants. A one-day workshop on industrial organisation was held in December, with presentations from CMD Deputy Director Research Associate Professor Simon Loerstcher, Dr David Byrne from the Department of Economics/CMD, Dr Gaurab Aryal from ANU (now at the University of Chicago) and Dr Nicolas De Roos from the University of Sydney.

CENTRE FOR SOCIAL INVESTMENT RESEARCH (CSIR) The Centre for Social Investment Research is focused on facilitating the development of collaborative research projects across a broad social investment research agenda. CSIR is a joint initiative between the Department of Accounting via the Centre for Accounting and Industry Partnerships and the Department of Management and Marketing that has been made possible through the Faculty Strategic Research Initiative scheme. In its second year of operation, CSIR facilitates research that will enhance the existing understanding of the nature, implications and consequences of social investment for organisations and governments. CSIR focuses primarily on private sector social investments, but also incorporates government and other organisational roles through direct involvement, or through the development of policy and concepts of best practice. CSIR is also working closely with the Asia–Pacific Social Impact Leadership Centre (Melbourne Business School) to expand on the many synergies that exist across the two centres. CSIR has a number of research projects under way which have attracted a range of internal and external research funding. In undertaking these projects, CSIR academics are collaborating with various organisations across several fields internationally. The outcomes of these projects will be used to inform applications for larger, more substantial projects in 2014. ECONOMIC THEORY AND EXPERIMENTS UNIT (ETEU) The Department of Economics and the Melbourne Business School jointly operate the Economic Theory and Experiments Unit. The ETEU objectives are: to promote research of the highest standards in all areas of economic theory; to be a focus within Australia for research in economic theory; to facilitate both national and international affiliations and research linkages; to facilitate the training of research students, and the exchange of doctoral and postdoctoral students; to be a focus for external research funding; to run conferences, workshops and advanced short courses for research students; and to publish occasional monographs and proceedings. Seminar coordinators for 2013 were Dr Jun Xiao and Dr Guy Mayraz. The Director of the Unit is Professor Claudio Mezzetti.

ANNUAL REPORT 2013, OUTLOOK 2014

Achievements 2013 In combination with the Centre for Market Design, the Unit organised a very successful mini-course on ‘The economics of matching’ with Lones Smith from the University of Wisconsin as the lead instructor. The mini-course was well attended by academic researchers, graduate students and public servants. It took place 27–28 March. ETEU seminar series 8 March – Konrad Stahl, University of Mannheim, on ‘Strategic backward integration’ 11 March – Larry Epstein, Boston University, on ‘Bayesian interference and non-Bayesian prediction and choice: Foundations and an application to entry games with multiple equilibria’ 15 March – Arthur Campbell, Yale University, on ‘A model of buzz and advertising’ 22 March – Hongyi Li, UNSW, on ‘Developing shared knowledge’ 28 March – Francis Bloch, Ecole Polytechnique, on ‘Pricing in social networks’ 5 April – Lones Smith, University of Wisconsin, on ‘Greed, fear and rushes’ 17 April – Gerd Muehlheusser, University of Hamburg 19 April – Oleksii Birulin, University of Sydney 23 April – Jacob Goeree, University of Zurich, on ‘Designing package markets to eliminate exposure risk’ 26 April – Luba Petersen, Simon Fraser University 3 May – John Wooders, UTS, on ‘Dynamic markets for lemons: Performance, liquidity, and policy intervention’ 17 May – Bettina Klaus, University of Lausanne 31 May – Utku Unver, Boston College 17 July – George Mailath, University of Pennsylvania, on ‘The curse of long horizons’ 27 August – Barry Sopher, Rutgers University, on ‘An experiment on partnership protocols for bilateral trade with incomplete information’ 6 September – Anton Kolotilin, UNSW, on ‘Optimal information disclosure: Quantity vs quality’ 20 September – Jingfeng Lu, National University of Singapore, on ‘Optimal contest design with incomplete information’

27 September – Piero Gottardi, European University Institute 11 October – Rohan Pitchford, ANU, on ‘Mortgage origination and the rise of securitisation: An incomplete-contracts model’ 26 November – Charlie Sprenger, Stanford University, on ‘Working over time: Dynamic inconsistency in real effort tasks’ 29 November – Juan Ortner, Boston University, on ‘Durable goods monopoly with stochastic costs’ Duncan Ironmonger

EXPERIMENTAL ECONOMICS LABORATORY The Experimental Economics Laboratory was opened in 2007 to promote the use of experimental methods in economics research and policy making. The laboratory is a state-of-the-art facility with 30 fully partitioned workstations and a separate experimenter’s office. The controlled environment allows experimenters to measure the effect of variables of interest while isolating that of others. Experiments thus allow clear causal inference to be made in a way which is often impossible outside the laboratory. The Experimental Economics Laboratory developed and performed nine major experiments throughout 2013. Some of the topics studied in these experiments included understanding how visualisation of information impacts decision making in a bushfire setting, social norms of fairness, effectiveness of learning, incentives to share knowledge, information transmission in markets, how mechanisms can be designed to facilitate bilateral trade, and the effects of authority. The research enabled by the laboratory resulted in publications in the following outlets in 2013: Science, European Economic Review, Economic Inquiry, and American Economic Review. The Laboratory maintains an extensive and up-to-date database of potential research participants, providing a valuable resource for researchers both within and external to the Department of Economics.

HOUSEHOLDS RESEARCH UNIT (HRU) As an independently funded research group within the Department of Economics, the Households Research Unit investigates the economic structure of households and their interaction with the market economy. Since 1991, the HRU has continued and expanded the innovative research program first undertaken in the 1980s by the Centre for Applied Research on the Future. Dr Duncan Ironmonger is the founding and current Director of the Unit. Professor Jonathan Gershuny, Director of the Oxford University Centre for Time Use Research, visited the HRU in January for discussions on time use and specifically the HRU’s innovative Daily Living in Australia survey, which used personal consumption diaries to collect data on daily living activities for all household members, including children, in a representative sample of households in Melbourne. In February, Dr Ironmonger presented a Melbourne Institute Seminar on ‘US household production and the global financial crisis’; in September, he was invited to Volunteering Australia’s 15th National Conference in Adelaide as a panel participant and as a guest speaker in the research round table. Honorary Research Fellow, Dr Ohidul Haque, presented a paper on ‘Evaluation of the effectiveness of police road safety initiatives: An intervention time series analysis’ at the Road Safety and Simulation International Conference in Rome in October. In conjunction with Dr Peter Brain of the National Institute of Economic and Industry Research, Dr Ironmonger prepared the ‘Country report on Australia’ for the World Project LINK meeting held at the United Nations in New York in October. The Unit participated in Volunteering Victoria’s round tables for researchers and practitioners in May and November.

FACULTY OF BUSINESS AND ECONOMICS

Achievements 2013 The Director of the Unit was made a Member of the Order of Australia in the Queen’s Birthday Honours in June for his significant service to economics as a researcher, author and academic.

from Australian Universities and eight from international institutions. In addition, the Unit had a research blitz at the end of November that served to introduce its members to new staff in the Department of Economics (Laura Panza, Kevin Staub and Victoria Baranov), to new data collected by the Melbourne Institute (Journeys Home), and to some important lessons about program evaluation from one of its senior members, Jeff Borland.

MACROECONOMICS RESEARCH UNIT (MRU) 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. The unit organises regular macroeconomics workshops, host visitors, and runs occasional special workshops and short courses. In 2013, the MRU hosted 21 speakers and visitors in its own macroeconomics workshop, from across Australia and internationally. It sponsored two other workshops: the Real Time Analysis and Forecasting Workshop, and the Workshop on Macroeconomic Dynamics – both held in Melbourne. It also organised a short course on Modelling with Heterogeneity, with Professor Per Krusell (Stockholm). In 2014, the Unit will host the 9th Workshop on Macroeconomic Dynamics, held jointly with the 19th Australasian Macroeconomics Workshop. The Director of the Macroeconomics Research Unit is Professor Ian King.

Professor Jane Lu

MELBOURNE INTERNATIONAL BUSINESS RESEARCH UNIT (MIBRU) In 2013, three new members joined the Melbourne International Business Research Unit. Professors Jane Lu and Dean Xu bring extensive international business research backgrounds, with particular strengths in the area of emerging Asian multinationals. Dr Majid Abdi joined us from Schulich Business School (Canada). MIBRU members were active across the major conferences. Articles from MIBRU members appeared in a variety of top journals in 2013, including Strategic Management Journal, Journal of Management Studies, Journal of World Business, Management International Review and Business History Review. We hosted visitors from the Netherlands, Austria and China, and completion seminars by two of our PhD students. The first annual report on Australia’s Women in Global Business was also released, part of a five-year program in conjunction with Austrade and other government agencies. MICROECONOMETRICS RESEARCH UNIT Professor Jenny Williams was Director of the Unit in 2013. It was a full and fruitful year for the Unit, as it engaged with its members and the wider academic community through its regular seminar series, research blitzes, special events workshops and symposia. From April 2013, members from both the Economics Department and the Melbourne Institute were co-located in the new FBE building at 111 Barry street. The Unit celebrated this event at a get-together following the inaugural seminar given at their new joint location.

Special event workshops and symposia Another key activity is the special events workshops and symposia. This year the Unit held five such events. They were: • The Bayesian Econometrics Workshop (25 February), which featured Dale Poirier (University of California Irvine) • The Development Workshop (15 March), with invited speakers Chris Barrett (Cornell University), Sarah Baird (George Washington University) and Berk Ozler (Otago University and the World Bank) • 6th Annual Health Economics Workshop (24 April) • The Melbourne–Princeton Immigration Workshop (1 July), with invited speakers Marta Tienda (Princeton University), Alicia Adsera (Princeton) and Thomas Bauer, Ruhr-Universität Bochum • The Health and Education Workshop (3 July), with invited speakers Steven Leher (Queen’s University), Weili Ding (Queen’s University) and Don Kenkel (Cornell University) In 2014, the scope of the Unit will expand to include macroeconometrics. Accordingly, from 2014, it will be renamed the Econometrics Research Unit. THE INTELLECTUAL PROPERTY RESEARCH INSTITUTE OF AUSTRALIA (IPRIA) The Intellectual Property Research Institute of Australia was established in 2002. It is a national research centre run by the Faculty of Law, the Faculty of Business and Economics and the Melbourne Business School. IPRIA objectives are to:

Seminars The Unit’s regular weekly seminar series continued in 2013 and was a vital part of its activities, providing regular opportunities for colleagues to catch up and exchange ideas with presenters from within the Unit as well as from other Australian universities and international institutions. In 2013, the Unit had 22 speakers present in their seminar series, 13 of whom were

• 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 stakeholders, including research institutions and public and private sector interests

ANNUAL REPORT 2013, OUTLOOK 2014

• help 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. IPRIA’s staff has expertise across the disciplines of law, economics and management, with a particular focus on: • strategic management of intellectual property • understanding the effects of copyright, patent and trade mark law • managing, valuing and accounting for intellectual property • investigating the international intellectual property system and trade. The Institute operates under the direction of Professor Beth Webster, who was appointed as Director in July 2008. Professor Webster has published widely on the economics of innovation and intellectual property, and has conducted research on the performance of Australian enterprises. Faculty members associated with IPRIA include Professors Paul Jensen and Danny Samson, Associate Professor Nisvan Erkal, and Drs Russell Thomson, Alfons Palangkaraya, Rhonda Smith and Gaétan de Rassenfosse. The Institute has an Advisory Board drawn from IP professionals, industry, the wider University and government. Its focus is on research and outreach activities, with staff producing approximately 40 papers and reports each year. Achievements in 2013 In 2013, IPRIA hosted 13 public events across Australia. These events incorporated seminars on the CSIRO wi-fi patent; software patenting; 3D printing and additive manufacture; trading technology; the Doha agreement; the 2013 Review of Pharmaceutical Patents; and trademarking and the European unitary patent. The Institute produced 27 new research papers on topics including intellectual property in India; trade marks; innovation and export; the market for technology; restraints of trade; high-cost drugs; restraints of trade and confidential information in employment contracts; knowledge brokering and organisational innovation; R&D alliances; R&D offshoring; R&D tax incentives; and patent enforcement.

THE INTERNATIONAL CENTRE FOR RESEARCH IN ORGANISATIONAL DISCOURSE, STRATEGY AND CHANGE (ICRODSC) ICRODSC was launched by four institutional partners in 2001 and has since grown to include the following institutional partners: the University of Melbourne; the University of Sydney; Cardiff University; City University London; Lund University; McGill University; Texas A&M University; the University of California; the University of Cambridge; the University of Colorado; the University of Leicester; Meiji University; and VU University, Amsterdam. ICRODSC 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 cross-institutional research, providing a banner for new initiatives, establishing contacts and support for doctoral students and securing resources for workshops and other activities. At the University of Melbourne, the Co-Directors of ICRODSC are Professor Cynthia Hardy and Associate Professor Susan Ainsworth. Achievements 2013 ICRODSC welcomed eminent visiting scholar Professor Dennis Gioia, the Robert & Judith Klein Professor of Management, Smeal College of Business, Penn State University. Professor Gioia gave a series of workshops on navigating the review process and writing for top-tier journals. ICRODSC organised a workshop on identity with Professor Robyn Thomas from Cardiff Business School, Associate Professor Leanne Cutcher from the University of Sydney and Professor Dennis Gioia from Penn State. ICRODSC’s main event was its annual workshop, held at the University in December, on risk. It brought together researchers from different parts of the University, as well as members of ICRODSC’s institutional partners. Over 40 participants explored the complex social aspects of a wide range of financial, technological and organisational risks. Overseas visitors included Andy Stirling from the University of Sussex, Yuval Millo from the University of Leicester, Beverly Sauer from Bas Consultants Inc, Linda Putnam from the University of California at Santa Barbara, and Steve Maguire from McGill University.

Outlook 2014 An ICRODSC workshop on age and identities will be held with overseas visitors Professor Steve Fineman from Bath University and Professor Robyn Thomas from Cardiff Business School. ICRODSC will co-organise the 11th International Conference on Organisational Discourse, to be held in Cardiff from Wednesday 9 July 2014 to Friday 11 July 2014. Professor Cynthia Hardy will give one of the keynote address. TRADE AND DEVELOPMENT RESEARCH UNIT The aim of the Unit is to foster and promote research in the broad fields of development economics and international economics. The Unit produces high-quality research on topics that include the global effects of climate change, contemporary and historic episodes of international integration of product and factor markets, the implications of conflict for economic development, and the role of technology and trade negotiations in the process of globalisation. This work is disseminated through presentations at seminars and conferences and is published in the leading journals in international and development economics. The Director of the Unit is Professor Phillip McCalman. Achievements 2013 A primary function of the Unit is to facilitate national and international collaboration. This is achieved through hosting seminars, workshops and conferences. Recent examples include the Melbourne Development Workshop, organised by Dr Mabel Andalon, and the 8th Australasian Trade Workshop, organised by Professor Phillip McCalman and Dr Reshad Ahsan. These events brought together an impressive collection of over 40 academics from around the world to present and discuss the latest advances in trade and development-related research. Outlook 2014 The year ahead sees a full program of activities which include seminars, workshops and conferences. Topics covered include the role of institutions in trade patterns, the implications and stability of currency unions, and the consequences of economic integration for intergenerational income mobility.

FACULTY OF BUSINESS AND ECONOMICS

Our community INDUSTRY PARTNERSHIPS The Faculty is committed to working collaboratively with a network of corporate, government and community partners. Our partnerships are multifaceted and designed to create mutual benefit. Corporate partners sponsor scholarships and prizes, participate in mentoring initiatives, and benefit from joint research projects and business consulting programs. The Faculty acknowledges the support of industry partners who provide experience for our students and contribute to the growth of our scholarship and prize programs – supporting academic excellence by recognising the potential of our students.

BUSINESS CONSULTING AND INTERNSHIPS

MENTORING

Through business consulting and internship programs in Australia and around the world, our students work as consultants on real business issues, delivering outcomes for their host organisations and gaining valuable experience.

Through the work of the Business & Economics Careers Centre, the Faculty engages with alumni at all career stages to provide a mentoring program for current students. Undergraduate and graduate students are matched with industry mentors according to their specialisation and areas of interest. The Career Mentors come from the private and public sectors, many of them University alumni. Since 2003, this program has successfully matched hundreds of students with industry mentors both locally and internationally.

In 2013, students took part in business consulting projects in Melbourne and around the world. Globally, 80 graduate students took part in the Global Business Practicum in Bangkok, Hong Kong, Shanghai and Singapore, and 120 undergraduate students took part in the Global Consulting project in Bangkok, Hong Kong, Mumbai, Santiago, Shanghai and Singapore.

Please refer to pages Appendix B on page 54 for a list of our industry partners.

NEWS STORY Another team, led by Dr Ben Neville, worked with Villa Maria, a not-for-profit organisation providing services and lifeenhancing opportunities for older people and for children and adults with a disability, and their families and carers.

Team Huddle with Professor Abernethy

Forty-nine MBS@Berkeley teams completed a two-week Business Practicum in Melbourne, Bangkok, Hong Kong, Shanghai and Singapore in 2013. Many of our students report that the practicum experience enhances their understanding of real-world business issues and increases their employability skills. Led by Professor Maggie Abernethy, one team worked with The Huddle − a joint initiative of the North Melbourne Football Club, the Scanlon Foundation and the Australian Multicultural Foundation.

MBS Ltd activities are not included in this report.

‘From day one, we were immersed in a world of interesting and complex problems. The coordinators did a spectacular job, demanding that students be autonomous, decisive and resourceful within an unfamiliar environment and amongst new people. ‘Real life is infinitely more complicated than the classroom and I gained invaluable insight into the intricacies of working life. I also learned that it is possible to achieve a huge amount in a very short space of time. I exceeded my personal expectations and identified my capabilities and strengths. I also confronted my own shortcomings, but discovered that with the combined power of several unique minds, individual weaknesses can be overcome.

Team Villa Maria with Dr Neville

‘I learned what it means to be part of a team and to have other people depend on me. We supported, motivated and inspired one another. This experience has empowered and prepared us all to tackle the world outside of university.’ Rachel Rafael – MBP team member

ANNUAL REPORT 2013, OUTLOOK 2014

ALUMNI COMMUNITY Mr Simon Bolles BCom 1982 Mr Aditya Chibber BCom (Hons) 2008 Mr Jonathan Elliot BCom/LLB (Hons) 2006 Mr Haofei Feng MBIT 2011

BUSINESS AND ECONOMICS ALUMNI COUNCIL The Faculty’s Business and Economics Alumni Council was established in late 2010 with the endorsement of the Business and Economics Board. The Council supports the mission of the Faculty by fostering a lifelong connection with its global alumni community for the benefit of students, alumni and the wider University. The Council comprises a Chair and 12 members, with broad representation from across the alumni community. Three of the 12 members are international alumni, with 2013 members based in Kuala Lumpur, Hong Kong and Beijing – 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. The Council works closely with the Faculty’s Advancement Unit to identify priority areas for development. Members of the Business and Economics Alumni Council Chair Mr Angus Barker BCom (Hons) 1991, MPhil 1995

Mr Edmond Lee (Hong Kong) BCom 1988 Ms Larisa Moran BCom 1994 Ms Cate Pickett BCom 1991 Mr Christopher Smith (from October 2013) BCom 1981 Dr Jessie Wong (Beijing) BCom (Hons) 2000, PhD 2009, CPA (Aus) Alumni of Distinction Awards Our alumni reflect our legacy, with alumni around the world numbering more than 44 000. The Alumni of Distinction Awards raise awareness of our alumni and honour their outstanding contribution to government, business, education and the not-for-profit sector. Alumni of Distinction Awards are presented annually at the Melbourne Foundation for Business and Economics gala dinner. In 2013, four awards were made: Outstanding Contribution to Faculty/University Award Professor W Max Corden AC, BCom (Hons) 1950, MCom 1953, DCom 1995

Deputy Chairs

Lifetime Achievement Award Dr Khun Mechai Viravaidya AO, BCom 1965, LLD 1993

Ms Michelle Di Fabio BCom/BIS 2006

Rising Star Award for Young Alumni Mr Anthony Goldbloom, BCom (Hons) 2006

Ms Gloria Goh (Kuala Lumpur) BCom (Hons) 1982

International Award Ms Sally Macdonald, BCom 1990

Members

All Faculty of Business and Economics alumni are eligible to nominate fellow alumni for an award, with candidates assessed against selection criteria by the Awards and Recognition workstream of the Alumni Council.

Ms Joyce Au-Yeung (resigned September 2013) BCom/LLB 2003 Ms Stephanie Barr BCom/BA (Hons) 2007

BUSINESS AND ECONOMICS ALUMNI EVENTS IN 2013 Reunions 1980s Commerce Alumni Reunion, 25 July Student Speaker: Lorraine Priestly, recipient of the Bertalli Family Foundation Scholarship 2012 1990s Commerce Alumni Reunion, 15 August Student Speaker: Kyle Sutcliffe, recipient of the Commerce Alumni Leadership Scholarship 2012 and Dean’s Fund Grant 2013 1970s Commerce Alumni Reunion, 29 August Student Speaker: Kyle Sutcliffe, recipient of the Commerce Alumni Leadership Scholarship 2012 and Dean’s Fund Grant 2013 50+ Golden Alumni Celebration, 3 October Keynote Speakers: Dr James Guest AM, OBE, BSc 1938, MB BS 1941, DMedSc (Honorary) 2012; and Professor Adrienne Clarke AC, BSc (Hons) 1959, PhD 1963, Chancellor, La Trobe University Young Alumni Commerce Ball Reunion @ The Langham Ballroom, Southbank, 18 October Young Alumni events ‘Meet the Entrepreneur’ @ Campari House, 16 May Speaker: Matt Donazzan BA 2008, BCom 2008, Founder, One Cent Flights Young Alumni and Graduate Student ‘Career Life-Cycle Panel Discussion’, 12 September Speakers: Kerim Koyunoglu MAppCom (Mktg) 2008, Strategic Buyer, Peter’s Ice Cream; Mabel Vargas MBusIT 2005, Analyst, BHP Billiton; and Mark Lucas BCom 1979, Club Manager, Healesville Country Club, RACV International alumni events Global Business Practicum Student – Alumni event in Bangkok @ The Sukhothai, 11 July Speaker: Dr Bryan Lim, Department of Finance Dean’s Reception in London @ Australia House, 21 August Campaign for the University of Melbourne Celebration in Kuala Lumpur @ The Majestic Hotel, 21 September Speakers: Professor Glyn Davis AC, ViceChancellor, University of Melbourne; Ms Gloria Goh, President, University of Melbourne Alumni Association Malaysia; Mr Miles Kupa, former Australian High Commissioner to Malaysia and the Hon Maxine McKew, Vice-Chancellor Fellow, University of Melbourne

FACULTY OF BUSINESS AND ECONOMICS

Campaign for the University of Melbourne Celebration in Jakarta @ Hotel Aryaduta Jakarta, 23 September Speakers: Professor Julie Bines, Victor and Loti Smorgon Chair of Paediatrics, University of Melbourne; Professor Glyn Davis AC, ViceChancellor, University of Melbourne; Dr Iskandar, President Director, Bio Farma; Professor Tim Lindsey, Melbourne Law School; Dr Jamhari Makruf, Deputy Rector, Universitas Islan Neferi Syarif Hidayatullah; and the Hon Maxine McKew, Vice-Chancellor Fellow, University of Melbourne Campaign for the University of Melbourne Celebration in Singapore @ National Museum of Singapore, 24 September Speaker: Professor Glyn Davis AC, ViceChancellor, University of Melbourne Campaign for the University of Melbourne Celebration in Hong Kong @ Asia Society Hong Kong Centre, 26 September Speakers: Mr Michael Andrews, former Global Chairman, KPMG; Professor Glyn Davis AC, ViceChancellor, University of Melbourne; Professor Ross Garnaut, Vice-Chancellor Fellow, University of Melbourne; Mr Karman Hsu, CEO, UOB Kay Hian (Hong Kong) Ltd; and the Hon Maxine McKew, Vice-Chancellor Fellow, University of Melbourne Annual Dean’s Dinner in Shanghai @ Jing An Shangri-La, 17 October Annual Dean’s Dinner in Beijing @ Capital M Beijing, 22 October Alumni Master Class Series ‘Hard cash and happiness: Striking the right balance’, 20 February Speaker: Professor John Haisken-DeNew, Deputy Director, Melbourne Institute ‘Technology and the bottom Line: Selection and implementation of supply chain management systems’, 10 April Speakers: Professor Damien Power, Department of Management and Marketing; and Terry Papadis, Manager, Training and Education Services, GS1 Australia ‘Performance management: Poison, panacea or plain hard work?’, 7 August Speaker: Professor Michelle Brown, Department of Management and Marketing; and Martin Nally, Foundation and Managing Director, hranywhere

Other special events The Melbourne Foundation for Business and Economics Annual Dinner 2013 @ The Great Hall, National Gallery of Victoria, 14 March Keynote speaker: Professor Glyn Davis, Vice-Chancellor Sydney Alumni Networking event @ The Morrison, Sydney, 1 August Business and Economics Women’s Lunch @ The Lyceum Club, 19 November Speaker: Donata Carrazza, Owner, Stephano’s restaurant Finance Honours Alumni Reception @ Comme, Melbourne, 27 November Public Lectures The Faculty’s Public Lecture Program engages our students, alumni and the broader community and connects them with leading researchers and academics. Public lectures are free and open to all.

Foenander Lecture, 11 September ‘Overworked and underpaid? The new realities of the labour market’ – Professor Sue Richardson AM, Principal Research Fellow, National Institute of Labour Studies Freebairn Lecture in Public Policy, 19 September ‘Governing the ungovernable: The market, technology and you’ Professor Stephen King, Professor of Economics, Monash University Corden Lecture, 9 October ‘Divided we stand: Why inequality keeps rising’ – Professor John P Martin, former Director for Employment, Labour and Social Affairs, Organisation for Economic Co-operation and Development Public Lecture in Shanghai, 19 October ‘Is a little financial knowledge a dangerous thing?’ – Professor Paul Kofman, Dean, Faculty of Business and Economics

Public Lecture in Jakarta, 27 February ‘Workplace innovation the new agenda for human resource management’ – Professor Peter Gahan, Director, Centre for Workplace Leadership

Public Lecture in Beijing, 21 October ‘China’s new model of economic growth: Implications for the world economy’ – Professor Ross Garnaut AO, Professorial Fellow, Faculty of Business and Economics

Inaugural Professorial Lecture, 9 April ‘Mastering the markets: High frequency trading and dark pools’ – Professor Carole ComertonForde, Department of Finance

Inaugural Professorial Lecture, 12 November ‘Emerging dragons: The rise of the Chinese multinational’ – Professor Dean Xu, Department of Management and Marketing

Public Lecture in Shanghai, 19 April ‘Motivating staff: Theory and practice’ – Professor Bill Harley, Associate Dean (Global Engagement)

2014 OUTLOOK

Public Lecture in Jakarta, 15 May ‘How to manage people for high performance’ – Professor Bill Harley, Associate Dean (Global Engagement) David Finch Lecture, 4 June ‘Demystifying the Chinese economy’ – Professor Justin Lin, Director, China Centre for Economic Research, Peking University Inaugural Professorial Lecture, 26 June ‘The truth about cannabis use’ – Professor Jenny Williams, Department of Economics Downing Lecture, 1 August ‘Time: How we can get it to be on our side’ – Professor Daniel Hamermesh, Killam Professorship in Economics, University of Texas and Professor of Economics, Royal Holloway University of London

The Faculty will continue to deliver a diverse, sustainable and high-quality alumni program that ensures engagement between the Faculty, its students and its alumni community. The program aims to encourage a continuous exchange of ideas and knowledge; forge a sense of belonging to a regional hub of business and economics intelligence; provide meaningful and acknowledged contribution to improving the student experience; and engaging alumni in a lifelong value exchange that starts at entry rather than graduation. The 2014 alumni relations program will focus on the following areas: • Student–alumni integration • Career support for alumni across all age groups • Strengthening the Young Alumni program • Online alumni relations offerings • Alumni-driven activities.

ANNUAL REPORT 2013, OUTLOOK 2014

Exchange and study abroad numbers

Incoming exchange

148

Incoming study abroad

103

Outgoing exchange

Outgoing study abroad

GLOBAL COMMUNITY The Faculty of Business and Economics (FBE) has a 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 engagement with the business community and leading international business and economics schools. The Faculty offers a generous scholarship scheme that aims to recruit highachieving local and international students.

NEWS STORIES INTERNATIONAL LECTURES Throughout 2013, a number of academics from the FBE presented public lectures in cities including Bangkok, Shanghai, Beijing, Jakarta, Seoul and Singapore. These covered topics such as motivating staff, China’s economic growth, negotiations and financial literacy.

HIGHLIGHTS Asia Strategy FBE has a long history of engagement with Asia in student recruitment, institutional linkages, research collaborations and alumni networks. In 2012, as part of our commitment to being a leader in the Asia–Pacific region, FBE developed a comprehensive Asia Strategy. The Strategy provides an integrated approach to pursuing our aspirations in the region and covers research, learning and teaching, institutional linkages and engagement with government and business. Implementation of the strategy began in late 2012. Dual degrees In 2012, a decision was taken to develop dual degree arrangements with top business and economics schools around the world. As a first step, agreements have been developed with HEC (Montreal) in Canada and Universita Luigi Bocconi in Italy. These arrangements allow students from either institution to complete a dual masters program by studying at both institutions. This is a first step in the development of a comprehensive suite of dual degrees with partners around the world. Global partners FBE has agreements with institutions around the world, which facilitate opportunities for students to undertake exchange and for academic staff to collaborate with colleagues overseas. For a list of our global partners, see Appendix C on page 55–57.

GLOBAL STUDENT MOBILITY ‘I was fortunate enough to go on both an exchange and a study abroad – undoubtedly the best two decisions I made whilst studying at the University of Melbourne. After living in Melbourne all of my life, to live independently in a new country and be exposed to new languages and cultures taught me a lot about myself, and I also came to appreciate the things I love about Melbourne.’ – Nicholas Taylor ‘I went to North America in July 2012 with the International Accounting Study Program. Our site visits were fantastic and we had the opportunity to meet with leaders in industry such as the CFO of Walt Disney Corp and with regulatory bodies such as the Securities and Exchange Commission. I made some great friends on the trip and also got to experience sights such as Hollywood, Niagara Falls and Times Square.’ – Belinda Boyle

Public lectures showcase the excellence of our academic staff and are a very effective mechanism to engage with alumni, industry, prospective students, the academic community and the general public. Many of the public lectures also attract attention from local media outlets. They are a valuable way for the FBE and the University of Melbourne to engage with the international community. We are looking forward to expanding the international public lecture program in the future.

FACULTY OF BUSINESS AND ECONOMICS

Appendices CONTENTS

Appendix A: Faculty donors

Appendix B: Industry partners

Appendix C: Exchange partner institutions

Appendix D: List of staff

Business & Economics Careers Centre

Centre for Actuarial Studies

Centre for Excellence in Teaching and Learning (CELT)

Commerce Student Centre (CSC)

Department of Accounting

Department of Business Administration

Department of Economics

Department of Finance

Department of Management and Marketing

Melbourne Institute of Applied Economic and Social Research

Faculty Secretariat

Melbourne Business School

Professional Services Units

Appendix E: Research publications

Appendix F: Faculty statistics

ANNUAL REPORT 2013, OUTLOOK 2014

APPENDIX A: FACULTY DONORS CHANCELLORâ&#x20AC;&#x2122;S CIRCLE DONORS

Richard Green and Isabella Green OAM

Sarah Myer and Baillieu Myer AC

Margaret Abernethy and Alex Abernethy

Fred Grimwade and Alexandra Grimwade

Raymond Ng

Fiona Adler and Ross Adler AC

Rae Gunn and Peter Gunn AM

Neville Norman and Margaret Norman

Duncan Andrews and Jan Andrews

Brian Horwood and Gillian Horwood

Tony Peake and Lyndal Peake

Angus Barker

Dean Ireland

Cate Pickett

Trevor Bradley

Joe Isaac AO and Golda Isaac

Stephen H Roberts

Graham Bull

Merran Kelsall

Barry Saunders

Anthony Burgess and Janine Burgess

Paul Kofman and Guyonne Kalb

Peter Scott and Anna Scott

David Burnet and Betty Burnet

Edmond Lee

John Sevior

Angela Carter and Colin Carter AM

Chris Leptos AM and Julia Trafford

The Hon Jim Short and Jan Rothwell Short

Mark Chiba and Lisa Herrell Chiba

Jun Li

Rodney Sims

Laurie Cox AO and Julie Ann Cox

Graeme Liebelt and Phillipa Liebelt

Rohan Stanton

Sue Cunningham and Howard Moore

Leanne Loh

Howard Welsh

Philip Crutchfield SC and Amy Crutchfield

Ian Loxton

Paul Wheelton OAM

Anthony Di Pietro

Bryan Lukas

Ross Williams AM and Lynne Williams

Suzanne Dixon

Terry McMahon

Ashley Williams and Sarah Morgan

Leo Dobes and Alice Dobes

Peter Meurer

David Williamson

Craig Drummond

Anne Miller

Kingston Wong

Gan Eng Chee

Edward Miller

Susan Yates and Peter Yates AM

Michael Gan and Angie Gan

Elizabeth Morgan and Hugh Morgan AC

Charles Young and Brooke Young

John Gandel AO and Pauline Gandel

Rupert Myer AM and Annabel Myer

Nick Zisis

FACULTY OF BUSINESS AND ECONOMICS

Appendix A: Faculty donors Continued

DONORS TO THE FACULTY Margaret Abernethy and Alex Abernethy Fiona Adler and Ross Adler AC John and Jacinta Agostinelli Ray Anderson Campbell Andrews Duncan Andrews and Jan Andrews Shin Khoon Ang Clare Armstrong Aurora Aylward Marnie Baker Michael Baldwin Steven Banks Angus Barker Stephanie Barr Anthea Barry Steven Bashta Andrew Batsakis Craig Bell Christian Bennett Paul Berger Bruno Blosfelds and Denise Blosfelds Patrick Boland Simon Bolles Phillip Bradley Trevor Bradley Brendan Britten Roger CH Brookes Fiona Brown Kester Brown Maureen Brunt AO Graeme Bryce Graham Bull Nick, Kate and Jack Bull Anthony Burgess and Janine Burgess David Burnet and Betty Burnet Leslie Campain and JM Campain Angela Carter and Colin Carter AM Rose-Mary J Cassin Siew Wong Chan John Chanter Ye Cheng

Mark Chiba and Lisa Herrell Chiba

Judy Hogg OAM

Raymond Choo

Thomas Hogg

TE Clarke

Ian Hopkins

Ivan Clyne

Brian Horwood and Gillian Horwood

The Hon Peter Collins AM QC

Ying Hou

Laurie Cox AO and Julie Ann Cox

Rosemary Hume (née Johnson)

Patricia Cross

Kim H Hwang

Philip Crutchfield SC and Amy Crutchfield

Phillip Ingle

Sue Cunningham and Howard Moore

Dean Ireland

Anthony Di Pietro

Joe Isaac AO and Golda Isaac

David and Vivien Dickson Suzanne Dixon

Bhuchong Jansubbakich and Sansanee Jansubbakich

Chris Dobb

Peter L Keet

Leo Dobes and Alice Dobes

Merran Kelsall

Greg Doyle

Dane Kennedy

Craig Drummond

Sarah Kirk

Carol Dyer

Paul Kofman and Guyonne Kalb

Adrian Fethers

Youngmi Kwon

ER Forrest

Edmond K Lee

Timothy Freer

Chris Leptos AM and Julia Trafford

Fu Yun-Man

Jun Li

Gan Eng Chee

Graeme and Phillipa Liebelt

Michael TK and Angie Gan

Dato’ Jimmy Lim Thaw Chay

John Gandel AO and Pauline Gandel

Helen Lloyd

James Gatehouse

The Hon John Lloyd

Glen M Gersch

Leanne Loh

Estate of James Hugh Gibson

Sheila Loudon

Lige Gong

Gilbert Loughman

Anastasia Goulas

JS Loveridge and Pam Loveridge

Kerry Gracie-Watson

Ian Loxton

Richard and Isabella Green

Mark D Lucas

Jeffery Greenberg

Bryan Lukas

Timothy Greene

Roderick Mainland

Ronald J Griffin

Maria Makris

Fred and Alexandra Grimwade

Laurence and Natasha Mandie

Rae Gunn and Peter Gunn AM

Stephen Mason OAM

Elena Hajis

KC Mawson OAM

Jennifer Hamilton

Stephen May

Timothy Hammon

Donald McAllister and Maureen McAllister

Penelope Heard

Marie McIlwain

Geoff Hindle and Judith Hindle

Alan McKay and Frances McKay

Stephen Hiscock

Angus McKay

ANNUAL REPORT 2013, OUTLOOK 2014

John McMahon

The Hon Jim Short and Jan Rothwell Short

Terry McMahon

Rod Sims

Peter Meurer

Graeme Sinclair

Anne and Edward Miller

Maurice Smith

TRUSTS AND FOUNDATIONS

Gordon Milne

Paul Somerville

Kenneth Moncrieff

Richard Southby

We would also like thank and acknowledge the support of the following:

Sarah Morgan

John Spiers AM and June Spiers

The Aranday Foundation

Peter Morriss OAM

RL Stanton

Bennelong Foundation

Bruce Murray

Selby Steele AM

Bertalli Family Foundation

Baillieu Myer AC and Sarah Myer

Keith Stockwell

Dawn Wade Foundation

Rupert Myer AM and Annabel Myer

Andrew Tulloch

Drummond Foundation

Dennis Myler

Chris Warrell and Diana Warrell

Gandel Philanthropy

Ng Kam Luen Raymond

Allan B Waugh

Jean and Howard Norman Trust

Phuong Nguyen

Geoffrey Webster

Lord Mayors Charitable Fund

Jim Nikolareas

Bruce Weeden

The Myer Foundation

Daniel Norman

Howard Welsh

P and S Bassat Family Charitable Foundation

Neville Norman and Margaret Norman

Janet West AM

Rae and Peter Gunn Family Foundation

Philip Norman

Jamie Westlake

Sports Administration and Development Ltd

William Norton

Paul Wheelton OAM

UBS Australia Foundation

James Nott

Dinuka Wijetunga

Yulgilbar Foundation

Brendan Oâ&#x20AC;&#x2122;Brien

Murray Wilkinson

Tom Orange

Ashley Williams

Tony Peake and Lyndal Peake

Lynne Williams and Ross Williams AM

Lili Pechey

David Williamson

Cate Pickett

Kingston Wong

Julian Polic

Tat-Chuen Wong

Douglas Poulter AM

Alex Yakovlev

Joseph Prowse

Peter Yates AM and Susan Yates

Vincent Rice

Brooke Young and Charles G Young

Stephen H Roberts

Sigourney Young

Emile Rochman

Nick Zisis

Barry AE Saunders

We would also like to acknowledge 58 donors whose wish is to remain anonymous.

Peter and Anna Scott John Sevior

FACULTY OF BUSINESS AND ECONOMICS

APPENDIX B: INDUSTRY PARTNERS We would like to thank and acknowledge the support of the following organisations:

Grant Samuel

Actuaries Institute Australia

HSBC

AIA Australia

The Institute of Chartered Accountants Australia

Asciano

King & Wood Mallesons

Australia and New Zealand Banking Group

Kingston Development

Australian Finance Conference

KordaMentha

AustralianSuper

KPMG

Bank of America Merrill Lynch

Macquarie Group

Bendigo and Adelaide Bank

McGrathNicol

Bennelong Foundation

ME Bank

Bennelong Group

Minter Ellison

BHP Billiton

MMG Ltd

Booz & Company

Mutual Trust

Challenger and Fidante

Myer

Citi

The Myer Family Company

Clayton Utz

NAB

Commercial Travellersâ&#x20AC;&#x2122; Association

Pacific Brands

CommInsure

Pitcher Partners

Commonwealth Bank of Australia

PPB Advisory

CPA Australia

Premier Fruits Group

Crown Ltd

Prime Value Asset Management

Deloitte

Rio Tinto

Department of Primary Industries

SG Hiscock & Company

Department of Treasury and Finance

SMS Management and Technology

Deutsche Bank

Sothertons

The Economic Society of Australia

Taylor Fry

Egon Zehnder

Towers Watson

EnergyAustralia

Treasury Wine Estates

Ernst & Young

UBS Australia Foundation

Federation Centres

Wesfarmers

Financial Management Association of Australia (FMAA)

Westpac Group

Financial Services Institute of Australasia Flagstaff Partners Forethought Research Franklin Templeton Investments Fund Executives Association Ltd Gandel Group GHD Gilbert + Tobin Goldman Sachs

Herbert Smith Freehills

ANNUAL REPORT 2013, OUTLOOK 2014

APPENDIX C: EXCHANGE PARTNER INSTITUTIONS As a leading business and economics faculty, we see the development and sustainability of global engagement as a key aspect of our international agenda. The Faculty continues to place an emphasis on diversity as a key driver for our international strategy. We aim to attract the most talented students from around the world. AUSTRIA University of Vienna BRAZIL INSPER, Institute of Education and Research * University of São Paulo # CANADA Dalhousie University

CZECH REPUBLIC

IRELAND

Charles University

Trinity College

COLOMBIA

University College, Dublin (U21) ISRAEL

University of the Andes DENMARK

The Hebrew University of Jerusalem

Copenhagen Business School *

ITALY

University of Copenhagen

Ca’ Foscari University of Venice ‘Luigi Bocconi’ University of Commerce * +

ESTONIA

University Degli Studi di Ferrara * #

University of Tartu

University Degli Studi di Padova #

FINLAND

University of Bologna

University of Helsinki

University of Siena University of Trento

HEC School of Management, Montréal * +

FRANCE

Laval University

Bordeaux I University, Science and Technology

McGill University (U21)

Ecole Central Paris * +

Doshisha University

Queen’s University

Hautes Etudes Commerciales (HEC-Paris) *

Hitotsubashi University

University of British Columbia (U21) (APRU)

Institute of Political Studies, Paris (Sciences Po)

Keio University (APRU)

University of Toronto

Victor Segalen University – Bordeaux II

Kyoto University (APRU)

CHILE

Michel de Montaigne University – Bordeaux III

Osaka City University (APRU) #

Montesquieu University – Bordeaux IV

Ritsumeikan University

Paris Diderot University – Paris VII

Sophia University

Skema Business School *

Tokyo Institute of Technology

Adolfo Ibañez University * Pontifical Catholic University of Chile (U21) University of Chile (APRU) CHINA Beijing Normal University (Zhuhai Campus) + Chinese University of Hong Kong Fudan University (U21) (APRU)

GERMANY Albert Ludwigs University of Freiburg Free University of Berlin Humboldt University

JAPAN

Waseda University (U21) (APRU) KOREA Sungkyunkwan University – SKKU School of Business * # KOREA (SOUTH)

Nanjing University (APRU)

International School of Management (ISM), Dortmund +

Nankai University (School of Mathematical Sciences) +

Ludwig Maximilian University of Munich

Korea Advanced Institute of Science and Technology (KAIST)

Peking University (APRU) (Guanghua School of Management) +

Munich Business School +

Korea University (U21) (APRU)

Rupert Charles University of Heidelberg Technical University of Berlin

Pohang University of Science and Technology (POSTECH)

Technical University of Munich

Seoul National University (APRU)

Tsinghua University (APRU)

INDIA

LATVIA

University of Hong Kong (U21) (APRU)

Delhi University

University of Latvia

University of Nottingham Ningbo, China (U21)

Indian Institute of Management, Ahmadabad *

University of Science and Technology of China (APRU)

LITHUANIA

Jawaharlal Nehru University # #

Shanghai Jiao Tong University Shantou University

Zhejiang University (APRU)

Manipel University # INDONESIA Gadjah Mada University # + Universitas Indonesia # +

Vilnius University MALAYSIA University of Malaya (APRU) HELP University +

FACULTY OF BUSINESS AND ECONOMICS

Note: As this list is regularly updated you should check the partner list on the Melbourne Global Mobility website for the most current information. See: www.mobility.unimelb.edu.au/outbound/ exchange/partners

Appendix C: Exchange partner institutions Continued

MEXICO

PHILIPPINES

Institute of Technology and Higher Education of Monterrey – Tec de Monterrey (U21) (APRU): – Ciudad de México

University of Philippines (APRU) POLAND

– Cuernavaca

Jagiellonian University

– Estado de México

SINGAPORE

– Guadalajara

SWITZERLAND #

Nanyang Technological University

– Monterrey – Querétaro – San Luis Potosi

Swiss Federal Institute of Technology (ETH) Zurich University of Geneva TAIWAN National University of Taiwan (APRU) THAILAND

National University of Singapore (U21) (APRU)

Chulalongkorn University (APRU)

SPAIN

Thammasat Business School, Thammasat University * #

– Toluca

Autonomous University of Madrid

University of Guadalajara

Complutense University of Madrid #

NEW ZEALAND

ESADE Business School, Ramon Llull University *

Amsterdam University College

Instituto de Empresa *

Leiden University

University of Granada

Rotterdam School of Management, Erasmus University *

University of Auckland (U21) (APRU) NORWAY

University of Salamanca

Norwegian School of Economics (NHH) *

SWEDEN

University of Oslo

Lund University (U21)

OMAN Sultan Qaboos University

Uppsala University #

THE NETHERLANDS

School of Economics and Management, Tilburg University * University of Amsterdam

ANNUAL REPORT 2013, OUTLOOK 2014

UNITED KINGDOM

USA

Heriot–Watt University * Imperial College London

University of Connecticut (U21)

Barnard College Columbia University #

Boston College

King’s College, University of London

Carnegie Mellon University

London Business School * Queen Mary University of London

Cornell University, School of Industrial and Labor Relations (ILR) *

University College, University of London

George Washington University

University of Birmingham (U21)

Georgetown University

University of Bristol

New York University (Stern School of Business) *

University of Durham (Durham Business School)

Pennsylvania State University

University of Edinburgh (University of Edinburgh Business School) (U21)

Rutgers University

University of Glasgow (U21)

– Berkeley

University of Manchester (Manchester Business School)

– Davis

University of Nottingham (U21)

– Los Angeles

University of St Andrews

– Merced

University of Minnesota (Twin Cities) University of Pennsylvania University of Southern California (Marshall School of Business) (APRU) * University of Texas at Austin University of Virginia (U21) University of Washington (APRU) Washington University in St Louis (Olin School of Business)

University of California (APRU):

– Irvine

– Riverside – San Diego – Santa Barbara – Santa Cruz

* Faculty-level only agreement + Articulation or dual degree agreement #

Memorandum of Understanding (MOU) between institutions and does not include a Student Exchange Agreement (SEA). Students interested in studying at these institutions can do so as study abroad students and should contact the institution directly.

(U21) denotes Universitas 21 Partner; APRU) denotes Association of Pacific Rim Universities.

FACULTY OF BUSINESS AND ECONOMICS

APPENDIX D: LIST OF STAFF BUSINESS & ECONOMICS CAREERS CENTRE Banyasz, Agnes: MA DipEd ELTE Budapest, GDip (Careers) Deakin Business & Economics Careers Centre Manager Baumann, Kristin: MA MLU, Halle-Wittenberg Careers and Industry Consultant Bohren, Amy: BA (Hons) Monash Careers & Industry Consultant Elston, Sue: BMusEd Melb, CertIV (Workplace Training) Careers and Industry Consultant Guo, Erin: MA (HRM) Durham Careers and Industry Programs Coordinator Rachinger, Diane: BA Monash, DipEd Psych Monash, DipEd Melb Careers and Industry Consultant CENTRE FOR ACTUARIAL STUDIES Academic and research staff Director and Professor of Actuarial Studies Dufresne, Daniel: BSc (Hons) Montreal, PhD City London. FSA Research interests: Financial mathematics, actuarial science and probability. Professors Dickson, David: BSc (Hons) PhD Heriot-Watt. FFA, FIAA Research interests: Aggregate claims distributions, renewal risk processes and recursive methods in risk theory. Joshi, Mark: BA (Hons) Oxford, 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 and actuarial science. Senior Lecturer Wu, Xueyuan: BSc MSc Nankai, PhD HKU Research interests: Correlated risk models, ruin theory and recursive calculations for ruin probabilities.

Lecturers Calderin, Enrique Javier: BS MS UNED Spain, PhD ULPGC Spain Research interests: Bayesian inference, statistical robustness, distribution theory and actuarial statistics. Chen, Ping: BAM QUFU, MSc CAS, PhD Hong Kong Research interests: Actuarial science, financial mathematics, statistics and information. Jin, Zhuo: BSc HUST, PhD WSU Research interests: Numerical methods for stochastic systems, mathematical finance and actuarial science. Honorary appointments Principal Fellow Vazquez-Abad, Felisa J: BSc, MSc UNAM, PhD Brown Senior Fellows Fitzherbert, Richard Gribble, Jules: BSc (Hons) Adelaide, PhD St Andrews. FIAA, FCIA, FSA Heath, David: BEc (Hons) Monash. FIAA, CPA, F Fin Truslove, Allen: BSc (Hons) PhD Monash, MBA Deakin CENTRE FOR EXCELLENCE IN TEACHING AND LEARNING (CELT) Webster, Beverley: DipTeach WAIT, MSc PhD Curtin Director Calma, Angelito: BSc BusMgt MMgt UP, GradDipEdStudies UQ, DEd Melb Lecturer in Higher Education King, Mark: BA Arizona, PhD UHK Senior Lecturer in Higher Education Puglielli, Sonia: CertAdmin, Lalor Secondary Academic Programs Coordinator and Personal Assistant to Director Shaw, Jennifer: Diploma IT and Cert in BA, Chisholm Institute Administrative Assistant Thong, Jonathon: BCom (Hons) LLB (Hons) Melb, MA PhD NYU Head Tutor COMMERCE STUDENT CENTRE (CSC) Pecoraro, Francesca BA (Media Studies) RMIT, GCertUniMgt Melb Manager, Commerce Student Centre Laughlin, Kylie BA (Crim) PGDipArts (Crim) GCertUniMgt Melb Manager, Commerce Student Centre (on maternity leave from October)

Academic policy and programs Brennan, Rachael BA BEcon UQ Project Officer Hayes, Jemimah Senior Student Adviser Hetherton, Leigh BA (Hons) La Trobe, Grad Dip Project Management Swin Senior Student Advisor (from September 2013) Kelly, Helen BA GCert (Advertising) QUT Senior Student Adviser Mong, Catherine BBA NUS Singapore, GDipSoftwDev RMIT, GCertUniMgt Melb Manager, Academic Policy and Programs Navon, Catherine BA Monash, GDipArts MM (Marketing) Melb Academic Programs Officer (until April) Thomas, Anja BBM (Intl Business) BA (Mandarin Chinese) UQ Senior Student Adviser (until June) Wilson, Rachel BA Melb Executive Officer Student experience McPharlin, Susan BA BCom Adel Manager, Student Experience Starling, Rebecca BSc Melb Manager, Student Experience Benetti-Hille, Marika BA LLB Monash, BSW Melb Senior Student Experience Officer Brooks, Karla BA (Intl. Studies) (Hons) RMIT Global Mobility Officer Clutton, Kellee BA Deakin Student Experience Transition Officer Hoare, Jacqueline BCom (Mgmt) Melb, GradCert Multimedia Swin Capstone Studies Coordinator Jirsa, Kelly BA (Contemp. Art) Deakin, PGradDip (Choreography) Melb Student Experience Support Officer Shears, Monique Professional Enhancement Officer (until September) Tobin, Louisa BA (Hons) Intl UCD, MA Warwick Mobility Coordinator

ANNUAL REPORT 2013, OUTLOOK 2014

Student Services Boardman, John BA SUNY Manager, Student Services Cole, Natalie BA (Hons) Melb, DML (German) Melb Enquiries Officer (from July) Di Maio, Raffaella BA La Trobe Senior Student Advisor (from November) Goodall, Fawn BSc (Planning), BDes (Landscape Architecture) RMIT Enquiries Officer (Septemberâ&#x20AC;&#x201C;November) Gray, Rebecca BA La Trobe Enquiries Officer Hodges, Isobel BA (Visual Arts) QUT Enquiries Officer (until August) Parsons, Hayley BA (Hons) (Leisure Management) Salford Enquiries Officer (until March) Pope, Josephine BA (Hons) La Trobe Enquiries Officer Roussy, Patrick Student Adviser (until December) Sarkies, Jacqueline BA La Trobe Team Leader, Student Services Squire, Leonie Student Adviser Thomas, Bronwyn BA (Hons) La Trobe, LLB (Hons) Flinders Student Equity Officer DEPARTMENT OF ACCOUNTING Research and teaching staff Head of Department and Fitzgerald Chair of Accounting Lillis, Anne: BCom MCom PhD Melb Research interests: Management control systems design, performance management, evaluating strategic capital expenditures, cost management practice, subjectivity in performance measurement and target setting. Sir Douglas Copland Chair of Commerce Abernethy, Margaret: BEc (Hons) PhD La Trobe Research interests: Strategy and design of control systems, management control in hospitals, performance measurement and compensation system design, costing and budgeting systems.

Professors GL Wood Professor of Accounting Spear, Nasser: BEc Syria, MSc PhD N Texas Research interests: Capital markets based research, international financial reporting, contracting research, initial public offerings, security valuation and accounting for extractive industries. Professor of Business Information Systems Ferguson, Colin: BBus Swin, MEc NEng PhD GDipComp Deakin. FCA, FCPA, MACS Research interests: Accounting information systems, business forensics, economics of auditing and auditor behaviour, fraud and corporate governance. Professor of Accounting Clinch, Greg: BEc (Hons) MEc Monash, PhD Stanford Research interests: Financial accounting and accounting information in capital markets. Professor of Accounting Soderstrom, Naomi: BA Reed College, MSc PhD Northwestern Research interests: Empirical managerial accounting with an emphasis on the healthcare industry and corporate social responsibility issues. Professor of Accounting and Business Information Systems 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. Associate Professors Coram, Paul: BEc Flinders, MAcc UWA, PhD ANU, GDipEd Adelaide Research interests: Audit quality, behavioural research in assurance and financial accounting and accounting education.

Potter, Brad: BCom (Hons) PhD Deakin. CA, CPA Research interests: Financial accounting, the development of financial reporting regulation, accounting for SMEs and accounting for natural resources. Senior Lecturers Cobbin, Phillip: BBus RMIT, MCom (Hons) BEd MEd PhD Melb, DipEd SCVic Research interests: History of accounting and auditing particularly where they intersect with contemporary military history from late-Victorian times to the present and market for audit services. Dhole, Sandip: BCom MBM Calcutta, PhD Houston. CIMA Research interests: accounting conservatism, voluntary disclosure, earnings management and executive compensation. Dworkis, Kelsey: BBA Kansas, PhD USC. CPA Research interests: managerial accounting and behavioural decision making. 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 Wâ&#x20AC;&#x2122;gong, MBS (Info Sys) (Hons) Massey, PhD Melb Research interests: Data quality, accounting information systems and contextual information systems design. Teo, Eu-Jin: BCom (Hons) LLB (Hons) Melb, GCertHigherEd Mon. FTIA, CTA Research interests: Current legal issues, accounting and the law, taxation law, commercial law and government law. Zhang, Yunyan: BA MA Nankai, MA Toledo, MBA PhD Ohio Research interests: Disclosure and financial accounting reporting, economic consequence of accounting choices and debt contracting.

Dowling, Carlin: BCom (Hons) UTAS, PhD Melb Research interests: Audit support systems, audit technology use, audit firm control and regulation, production of audit services and operational risk management.

Research Fellow York, Jodi: BA San Francisco, MA PhD UC Berkeley Research interests: Social investment, sustainability reporting and measurement frameworks.

Grafton, Jennifer: BCom (Hons) PhD Melb. CA Research interests: Management control system design and use in the not-for-profit sector, design and control of inter-organisational networks, performance management and research methods.

Lecturers Blanco, Belen: BBusAdmin UPV, MFA MBA PhD Carlos III Uni Madrid Research interests: corporate disclosure, cost of capital, corporate governance, investment efficiency, accounting quality, corporate social responsibility and insider trading.

Pinnuck, Matthew: BCom (Hons) PhD Melb Research interests: Financial accounting and share markets.

Hoggan, Michelle: BCom (Hons) Melb Research interests: Management control systems design, performance management and bias in managerial decision making.

FACULTY OF BUSINESS AND ECONOMICS

Appendix D: List of staff Continued

Hronsky, Jane: BBus Curtin, MCom (Hons) Melb, 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 and 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 and management control system design. Wallace, Sandra-Lee: BBus MFM PhD UQ Research interests: Contingency theory, cost accounting system design and customer investment. Wu, Gang (Henry): BCom Peking, PhD Melb Research interests: Auditing, behavioural accounting, corporate governance and management accounting. Yuan, Qingbo: BA (Acc) HUT, MA (Acc) Xiamen, PhD CU Hong Kong Research interests: Corporate governance, corporate finance, accounting quality, corporate disclosure and international accounting. Senior Teaching Fellow Brooks, Albie: BCom Melb, MBus PhD Victoria, DipEd Melb Teaching Fellows Boys, Noel: BBus RMIT, GDipEd Hawthorn, GDipEd (Student Welfare) Melb. ASA Considine, Brett: BCom (Hons) Melb, GDipEd ACU Cusack, Greg: BBus (Acc) DipT RMIT. CPA Dyki, Matt: MBus (E-Bus) GradCert (Acc) GradDipCom UniSA Hinchliffe, Sarah: LLB Monash, LLM UNE. CTA. Barrister & Solicitor (HCA, Vic SC) Kaur, Jagjit: MEc Macquarie, PhD Deakin McKeown, Warren: BEc Monash, BEd Deakin, MBus RMIT, DipEd Monash. CA, CFP Tonkin, Trevor: BBus(Acc) Bendigo CAE, GDipEd La Trobe, MComLaw Deakin. CPA

Senior Tutors Abbas, Faran: BCom Melb Cao, Chao: BCom Melb Harper-Schmid, Matthew: BA BCom Melb Gondowijoyo, Pujawati Mariestha: BCom Melb Lin, Andrew: BCom Melb Oh, Kimberley: BCom Melb Sek, Matthew: BCom Melb Smith, Todd: BCom Melb

Leech, Stewart: BCom Melb, MEc UTAS. FCA, FCPA, MACS, PCP Research interests: Accounting information systems, decision making in corporate recovery, intelligent decision aids and enterprise resource planning systems. Skinner, Douglas: BEc Macquarie, MS PhD Rochester Research interests: Corporate financial policy, financial reporting and disclosure policies. Principal Fellow Burrows, Geoffrey Herbert: MCom DipEd Melb. FCPA

Wise, Wesley: BCom Melb

Senior Fellow Alfredson, Keith: BCom UQ. AAUQ, FAICD, FCA, FCPA, FNIA

Tutor in Charge Linggo Liong, Joana: BCom Melb

Fellows Bray, Michael: BCom (Hons) Melb. FCA

Honorary appointments Professors Emeritus Nicol, Robert Edward George: BEc Sydney, MBA PhD Calif. FAPA, MCT

Burghardt, Gunther: BBusAdmin (Fin&Acc) (Hons) Wilfrid Laurier

Wang, Feilian: BCom Melb

Wright, Kenneth: BMetE DCom Melb. FASA, FASSA, FAIM Professorial Fellows Anderson, Shannon: BSE Princeton, MA 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. Barth, Mary: BA Cornell, MBA BU, DSc Lancaster, PhD Stanford Research interests: financial accounting and reporting issues, particularly topics of interest to accounting standard setters. Bouwens, Johannes: MSc (Eco) PhD Tilburg Research interests: Management and financial accounting and performance measurement system design.

Campbell, Fiona: BCom Deakin. FCA Downes, Judith: BA (Hons) DipEd GradDip (Acc) Monash. FCA, FCPA Kimmitt, Annette: BBus Monash. FCA MacKenzie, James: BBus Swin. FCA, FAICD Newlan, Dean: BCom Melb, MCorpLaw RMIT North, Scott: BCom MBIT Melb Stevenson, Kevin: BCom, MBA Melb Professional staff Cassar, Maree: BA Monash Academic Services Officer Davies, Daniela Administrative Officer Elliott, Carole Executive Assistant to the Head of Department Haddad, Leonie Administrative Officer

Cassar, Gavin: BCom Newcastle, PhD UC Berkeley Research interests: Management accounting, entrepreneurship, hedge funds, risk management, budgeting and forecasting and corporate finance.

Korn, Rosalynn Front Office Administrator

Dekker, Henri: MSc PhD VU Research interests: Accounting and control in interfirm relationships, strategy and management control, performance measurement, goal setting and incentive compensation.

McNamara, Kerry Front Office Administrator

McMahon, Julee Centre Administrative Coordinator

Mason, Cathy: BA (Hons) UQ Department Services Manager

ANNUAL REPORT 2013, OUTLOOK 2014

Mitchell, Nicole: BA BCom Deakin Executive Assistant to the Head of Department (maternity leave) Mitchell, Steven: BA (Hons) DipML GDipEd Melb Manager, Academic Services Stagnitti, Jessica: BDevStud (Hons) La Trobe, DipAppFashDesTech RMIT Academic Services Officer Appointments Abbas, Faran: Tutor Davies, Daniela: Administrative Officer Dhole, Sandip: Senior Lecturer Elliott, Carole: Executive Assistant to Head of Department Smith, Todd: Tutor Stagnitti, Jessica: Academic Services Officer Wang, Feilian: Tutor Wise, Wesley: Tutor Farewells Haddad, Leonie: Administrative Officer Hinchliffe, Sarah: Teaching Fellow Lyon, John: Head of Department Wallace, Sandra: Lecturer DEPARTMENT OF BUSINESS ADMINISTRATION Research and teaching staff Deans and Heads of Departments Dean (Melbourne Business School), Dean (Faculty of Business and Economics) and Professor of Operations and Statistics * Degraeve, Zeger: BSc Ghent, MBA Katholieke Universiteit Leuven, PhD Chicago Research Interests: Decision making, risk assessment and innovation. Deputy Dean (Melbourne Business School) and Professor of Accounting Frederickson, Jim: BBA Notre Dame, PhD Washington Research interests: Financial reporting, investor judgement and decision making. Deputy Dean (Melbourne Business School Executive Education) and Professor of Management Development Dainty, Paul: BA Open, DMS ARMC, MSc London, MBA PhD Cranfield Research interests: Change management, human resource management, leadership, diversity and organisational design.

Head of Department and Associate Professor of Strategy * Dow, Douglas: BSc Queenâ&#x20AC;&#x2122;s, MBA West Ontario, PhD Melb Research interests: International business, market selection, entry models and internationalisation process of firms. Professors Professor of Public Sector Management Alford, John: BA Monash, MBA PhD Melb Research interests: Public policy and public sector management. Professor of Economics Celen, Bogachan: BS BA Bogazici, MA PhD New York Research interests: Microeconomic theory, game theory and experimental economics. Professor of Organisational Behaviour Jehn, Karen (Etty): BS Wisconsin, MS Northwestern, PhD Northwestern Research interests: Ethics, sustainability, judgement and decision making, leadership, diversity and negotiations. Professor of Marketing Johnson, Lester: BA New Hampshire, MA PhD Connecticut Research interests: Brand management, choice modelling, consumer behaviour, econometrics, international marketing, market research, marketing engineering, performance measurement, retailing and services marketing. Professor of Marketing Kayande, Ujwal: PhD Alberta Research interests: Marketing strategy, marketing models and marketing measurement. Professor of Marketing Klein, Jill: PhD Michigan Research interests: Consumer behaviour, international marketing, judgement and decision making and market research.

Professor of Business Statistics and Econometrics * Smith, Michael: PhD UNSW Research interests: Bayesian econometrics, financial econometrics, time series modelling, statistics and data analysis. Professor of Organisational Behaviour * Williamson, Ian: BA Miami, PhD North Carolina, Chapel Hill Research interests: Change management, human resource management, leadership, diversity, technology and innovation. Professor of Organisational Behaviour Wood, Robert: BBus Curtin, PhD Washington Research interests: Change management, ethics, sustainability, judgement and decision making, leadership and diversity. Professor of Business Statistics and Econometrics Wood, Sally: BChemE USyd, MBA UWA, PhD UNSW Research interests: Bayesian econometrics, financial econometrics, time series modelling, statistics and data analysis. Associate Professors Associate Professor of Information Systems and eCommerce Auger, Patrice: BSC MBA Ontario, PhD Syracuse Research interests: Business strategy, choice modelling, consumer behaviour, corporate governance, ethics and sustainability, information systems, international business, market research, technology and innovation. Associate Professor of Marketing Butler, Patrick: BComm NUI, MA Dublin, DPhil Ulster Research interests: Market research, marketing strategy, not-for-profit marketing, public sector management and services marketing. Associate Professor of Economics Crosby, Mark: PhD Queenâ&#x20AC;&#x2122;s Research interests: Economics and international finance.

Professor of Business Statistics Lloyd, Chris: BSc (Hons) PhD Melb Research interests: Choice modelling, econometrics, marketing engineering, performance measurement, statistics and data analysis.

Associate Professor of Economics de Fontenay, Catherine: BA (Hons) McGill, PhD Stanford Research interests: Business strategy, development economics, economic policy, game theory, industrial economics and negotiations.

Professor of Accounting Lyon, John: BCom (Hons) Queensland, PhD Ohio State Research interests: Empirical methods, earnings announcements and pricing of audits.

Associate Professor of Marketing Evans, Jody: BBus (Hons) BA PhD Monash Research interests: Brand management, international business, international marketing, marketing strategy, negotiations, not-for-profit marketing and retailing.

Professor of Negotiations Olekalns, Mara: BA (Hons) PhD Adelaide Research interests: Ethics, sustainability, judgement and decision making and negotiations.

FACULTY OF BUSINESS AND ECONOMICS

Appendix D: List of staff Continued

Associate Professor of Economics Feldman, Sven: MA Zurich, PhD Harvard Research interests: Microeconomics, game theory, political economics, industrial economics, market design, public management, business strategy beyond markets, decision making and decision modelling. Associate Professor of Organisational Psychology * Fine, Cordelia: BA (Hons) Oxford, MPhil Cambridge, PhD London Research interests: Gender, neuroscience ethics and moral philosophy. Associate Professor of Decision Sciences George, Jennifer: BSc (Hons) Canterbury, PhD Stanford Research interests: Operations and project management. Associate Professor of Economics John, Andrew: BA Trinity College, Dublin, MPhil PhD Yale Research interests: Business strategy, consumer behaviour, economic policy, ethics, sustainability, game theory, international business and public policy. Associate Professor of Strategic Management Lim, Kwanghui: BEng National University of Singapore, PhD MIT Research interests: Business strategy, econometrics, information systems, managing intellectual property, performance measurement, technology and innovation. Associate Professor of Organisational Behaviour * Metz, Isabel: BSc Witwatersrand, MBA Melb, PhD Monash Research interests: Human resource management, leadership, diversity and public sector management. Associate Professor of Marketing Oâ&#x20AC;&#x2122;Sullivan, Don: MBA University College Cork, PhD National University of Ireland Research interests: Brand management, corporate governance, market research, marketing strategy and services marketing. Associate Professor of Operations Management Sethuraman, Kannan: BTech (Hons) IIT, PGDM IIM, AM PhD Wharton Research interests: Healthcare operations, operations management, statistics and data analysis, supply chain logistics, technology and innovation. Associate Professor of International Business Welch, Denice: MPhil Brunel, PhD Monash Research interests: Business strategy, human resource management and international business.

Associate Professor of International Marketing and International Business Welch, Lawrence: BCom UNSW, Dip Ed Newcastle, MCom UNSW, PhD Queensland Research interests: International business and international marketing. Assistant Professors Assistant Professor of Operations Management Berbeglia, Gerardo: BSc MSc Universidad de Buenos Aires, PhD HEC Montreal Research interests: Operations and project management. Assistant Professor of Organisational Behaviour Gill, Carol: BA (Hons) GradDipSocialScience MBA Monash, PhD RMIT Research interests: Leadership. Assistant Professor of Business Strategy Lee, Brandon: BA Brigham Young, MS PhD Cornell Research interests: Entrepreneurship, organisation theory, economic sociology, collective action in markets, and market and industry formation. Assistant Professor of Business Statistics and Econometrics Maneesoonthorn, Worapree Ole: BCom Canterbury, MAppEc PhD Monash Research interests: Bayesian econometrics, financial econometrics, time series modelling, stochastic volatility and jumps, non-linear state space models and risk premium. Assistant Professor of Strategy Martin, Geoff: BCom UNSW, MBA PhD IE Melb Research interests: Strategic decision making, executive compensation, risk and corporate governance. Assistant Professor of Economics Ozgur, Onur: BA Bosphorus, MA Bilkent, PhD New York Research interests: Economics of finance, information economics, game theory, and social and economic networks. Assistant Professor of Accounting Tran, Nam: BA Hanoi NEU, MComm UNSW, PhD Oregon Research interests: Financial reporting and corporate disclosures. Assistant Professor of Finance Zolotoy, Leon: BA MA BGU, MPhil PhD Tilburg Research interests: Financial reporting, finance, financial econometrics, statistics and data analysis. Assistant Professor of Accounting Zhou, Hui: PhD Illinois Research interests: Financial reporting and corporate disclosures.

Honorary Adjunct Faculty Professorial Fellow of Strategy Lewis, Geoff: BAppSc Adelaide, MBA Melb, PhD London Professorial Fellow of Strategy Sampson, Gary: PhD Monash Principal Fellow of Strategy Goodwin, Jack: BSc Southwestern Louisiana, MBA North Carolina, PhD South Carolina Principal Fellow of Marketing Ritson, Mark: PhD Lancaster Principal Fellow of Accounting Trende, David: BEc MAdmin Monash Principal Fellow of Finance Wylie, Sam: BE UWA, MEc ANU, PhD London Senior Fellow of Organisational Behaviour Lytle, Anne: BS Cornell, MS PhD Northwestern Fellow of Accounting Robin Rodier: BCom Melb, GradCert (Finance) MBusiness RMIT Research Fellows De Wit, Frank: PhD Leiden * Evans, Michelle: PhD Melb Appointments De Wit, Frank: Research Fellow, August 2013 Kayande, Ujwal: Professor of Marketing, January 2013 Lyon, John: Professor of Accounting, March 2013 Maneesoonthorn, Worapree Ole: Assistant Professor of Statistics and Econometrics, January 2013 Promotions Celen, Bogac: Promoted to Professor, October 2013 Wood, Sally: Promoted to Professor, October 2013 Farewell Evans, Michelle: Research Fellow, December 2013

* Faculty members marked with an asterisk have a joint appointment with Melbourne Business School Ltd and the University of Melbourne.

ANNUAL REPORT 2013, OUTLOOK 2014

DEPARTMENT OF ECONOMICS Research and teaching staff Head of Department and Chair of Econometrics Griffiths, William: BAgEc (Hons) UNE, PhD Illinois. FASSA Research interests: Applied Bayesian econometrics and measurement of income distributions. Professors of Economics Bardsley, Peter: BSc (Hons) ANU, PhD Durham Research interests: Economic theory, mathematical economics, game theory, information and strategic behaviour, organisational design and theory of the firm and theoretical finance. Borland, Jeffrey: MA Melb, PhD Yale. FASSA Research interests: Analysis of the operation of labour markets in Australia, program and policy evaluation and design, Australian economic history and applications of microeconomic theory.

Truby Williams Professor of Economics Creedy, John: BSc Brist, BPhil Oxford. FASSA Research interests: Public finance and history of economic analysis. Professor of Econometrics Martin, Vance: BEc (Hons) MEc PhD Monash Research interests: Econometrics, time series analysis, monetary economics and macroeconomics. Professorial Fellows Garnaut, Ross: BA PhD ANU Research interests: Asia–Pacific economies development and international economic relations, Australia’s economic relations with the Asia–Pacific region and domestic economic adjustment to Asia–Pacific economic development.

Shields, Kalvinder: BA (Hons) MA Reading, PhD Leicester Research interests: Macroeconomic modelling. Skeels, Christopher: BEc (Hons) PhD Monash Research interests: Econometric theory. Senior Lecturers Coelli, Michael: BCom (Hons) UNSW, MA PhD British Columbia Research interests: Labour economics, economics of education, applied micro-econometrics and public economics. Jacobi, Liana: MA PhD Washington Research interests: Bayesian econometrics, theoretical and applied econometrics, health and labour economics.

Van Ours, Jan: MSc Delft, MSc PhD Erasmus Research interests: Health economics and labour economics.

Li, Shuyun (May): BS MA Renmin, MS PhD Texas Research interests: Macroeconomics, computational economics, monetary economics and public finance.

Dixon, Robert: BEc (Hons) Monash, PhD Kent Research interests: Macroeconomics, labour economics, Marxian economics and regional economics.

Readers/Associate Professors Erkal, Nisvan: BA Macalester, MA PhD Maryland Research interests: Industrial organisation, microeconomic theory and experimental economics.

Loertscher, Simon: MA PhD Bern Research interests: Industrial organisation, market making, mechanism and market design and political economics.

Edmond, Chris: BA BEc UQ, MA PhD UCLA Research interests: Economic fluctuations and growth, monetary economics and financial economics.

Hillberry, Russell: BS Minnesota, PhD Indiana Research interests: Economic geography and international trade.

Smith, Rhonda: BCom (Hons) MA (Hons) DCom Melb Research interests: Industrial economics.

King, Ian: BA (Hons) Concordia, MA PhD Queen’s Research interests: Macroeconomics, applied theory, search, money, unemployment, life expectancy, growth and language acquisition. McCalman, Phillip: BCom (Hons) MCom (Hons) PhD Wisconsin Research interests: International trade. Mezzetti, Claudio: DPhil Oxford Research interests: Microeconomic theory, mechanism design, game theory, industrial organisation and law and economics. Olekalns, Nilss: BEc (Hons) Adelaide, MEc ANU, MA West Ontario, PhD La Trobe Research interests: Macroeconomics and applied econometrics. Williams, Jenny: BEc ANU, MEc PhD Rice Research interests: Health economics, microeconometrics, economics of substance use and policy evaluation. Ritchie Chair of Economics Freebairn, John: MAgrEc NE, PhD Davis. FASSA Research interests: Taxation reform, labour economics and natural resource economics.

Hirschberg, Joseph: BA Miami, MA UC Riverside, PhD USC Research interests: Applied econometrics techniques, measuring productivity (data envelopment analysis), measuring anti-competitive behaviour, economic applications of cluster analysis and quantitative analysis of tertiary education. Lye, Jeanette: MA PhD Canterbury Research interests: Applied econometrics and theoretical econometrics. Nikiforakis, Nikos: BA (Bus) Athens, MA PhD London Research interests: Experimental economics, behavioural economics, industrial organisation, public economics and game theory. Norman, Neville: BCom (Hons) MA Melb, PhD Cambridge Research interests: Global and domestic pricing influences, antitrust economics, trade openness and economic growth. Raimondo, Roberto: Laurea Milan PhD (Math) SUNY, PhD California Research interests: Economic theory and financial economics.

Staub, Kevin: PhD Zurich Research interests: Applied econometrics, applied microeconomics and international trade. Uren, Lawrence: BEc (Hons) ANU, PhD Princeton Research interests: Macroeconomics, labour economics and search theory. Wilkening, Tom: BA Arizona, PhD Massachusetts Research interests: Experimental economics, market design, contracts and organisational economics and behavioural economics. Lecturers and Research Fellows Ahsan, Reshad: BA Macalester, PhD Syracuse Research interests: International trade, development economics and political economy. Andalon, Mabel: BA (Hons) UDLAP Mexico, MA MS PhD Cornell Research interests: Health economics, development economics and labour economics. Artemov, Georgy: Specialist Moscow State, MA CEU PhD Brown Research interests: Mechanism design, matching theory and microeconomic theory. Baranov, Victoria: PhD Chicago Research Interests: Development, behavioural economics, health economics, psychology and economics and applied microeconomics.

FACULTY OF BUSINESS AND ECONOMICS

Appendix D: List of staff Continued

Byrne, David: BCom (Hons) Mount Allison, MA PhD Queen’s Research interests: Industrial organisation and applied econometrics. Clarke, Andrew: BA MEc Sydney, PhD McMaster Research interests: Applied econometrics, labour economics (immigration) and health economics (genetics). Greenwood-Nimmo, Matthew: BSc MA PhD Leeds Research interests: Macroeconomics and macroeconometrics (global modelling, asymmetric modelling). Hajargascht, Gholamreza (Reza): BSc MSc Tehran, PhD UQ Research interests: Theoretical and applied microeconometrics. Kawakami, Kei: BA Tokyo, MA PhD UCLA Research interests: Macroeconomics and financial economics. Martin, Leslie: BS MIT, PhD UC Berkeley Research interests: Environmental economics, energy economics, industrial organisation and international development.

Perkins, James: MA MCom PhD Cambridge. FASSA Adjunct Professor Lim, Guay: MEc Adelaide, PhD ANU Professorial Fellows Corden, Max, AC: BCom (Hons) MCom Melb, PhD LSE. FASSA, FBA MacLaren, Donald: BSc (Agr) (Hons) Aberdeen, MS PhD Cornell Taylor, Gregory, AO: BA PhD Macquarie. FIA, FIAA, FIMA, CMath Principal Fellows Ironmonger, Duncan: MCom PhD Cambridge Johnston, Carol: BCom BEd MEd PhD Melb Paarsch, Harry: BA (Hons) Queen’s, MS PhD Stanford Walmsley, Terrie: BCom MEcSt UQ, PhD Monash Fellows Haque, Ohidul Harper, Marjorie: MA Melb Jonson, Peter

Mayraz, Guy: PhD LSE Research interests: Behavioural economics, experimental economics, decision theory and microeconomic theory.

Kates, Steven

Panza, Laura: PhD La Trobe Research interests: Economic history, economic and social history of the Middle East and development economics.

Waechter, Raymond Trevor

Rafferty, Barry: BA MSc TCD, MA PhD Duke Research interests: International finance, macroeconomics and econometrics. Swee, Eik: BSc (Hons) LSE, MSc NUS, PhD Toronto Research interests: Development economics, political economy, economics of conflict and applied microeconomics.

Porter, Michael Stoneham, Gary: BCom MA UQ

Professional staff Philip, Preeta: MBA Andrews Department Manager Collins, Suzie: BTeach BA Deakin Manager, Academic Services Corman, Amy: BA (Geo) Alfred, MAppSci (InfoSec) RMIT, PhD (CompSci) Melb Laboratory Manager – Experimental Economics Doumbia, Aminata Academic Services Officer

Woźniak, Tomasz: PhD European University Institute Research interests: Econometrics, multivariate time series analysis, Bayesian inference, economic forecasting and causality analysis.

Hall, Brooke: BBTM VU Events and Resources Officer

Xiao, Jun: BA BS WHU, MPhil HKUST, PhD PSU Research interests: Microeconomic theory and industrial organisation.

Karunarathne, Wasana: BA (Eco) Peradeniya, MA (Eco) Colombo, PhD (Eco) NUS Tutor Coordinator

Honorary appointments Professors Emeritus Lloyd, Peter: MA Victoria, PhD Duke. FASSA

Khan, Nahid: MCom Melb, MSocSci (Eco) BSocSci (Hon Ec) Dhaka Tutor Coordinator and Undergraduate Support Officer

McDonald, Ian: BA (Hons) Leicester, MA Warwick, PhD SFraser. FASSA

Knight, Imogen: BFA VCA, DipVisArt Swin Front Office Administrator

Lombardo, Rosemary Academic Services Officer Perez, Kathryn: DipInfoTech & Multimedia Bendigo TAFE Personal Assistant to the Head of Department Randall, Jacqueline: BA Melb, GDipMediaStudies Deakin Business Manager, Centre for Market Design DEPARTMENT OF FINANCE Research and teaching staff Head of Department and Associate Professor Handley, John: BCom BMath UoN, MCom (Hons) 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) and Professor of Finance Comerton-Forde, Carole: BCom (Hons) PhD Sydney Research interests: Market microstructure. Deputy Head of Department (Research) and Professor of Finance Martin, J Spencer: BSc (Highest Honours) MBA Texas, MA PhD Wharton Research interests: Empirical asset pricing, credit risk, investments and behavioural finance. Professors of Finance Brown, Robert: MEc Sydney. FCPA, SF Fin Research interests: Interest rate swaps, analysts’ forecasts, management and regulation of financial intermediaries and 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 and financial markets. 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. Associate Professors Chan, Howard: BCom (Hons) MEc 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 and derivative securities.

ANNUAL REPORT 2013, OUTLOOK 2014

Galpin, Neal: BBA St Bonaventure NY, MBA (Finance and Quantitative Analysis) Cincinnati, PhD Bloomington Research interests: Corporate investment and financing decisions.

Gregoire, Vincent: BIng MSc Laval, PhD British Columbia Research interests: Theoretical and empirical asset pricing, mutual funds, exchange traded funds and market microstructure.

Lamba, Asjeet S: BA (Hons) Delhi, MBA Michigan, PhD Washington. CFA Research interests: Share buybacks, corporate litigation, insider trading and corporate governance.

Gygax, André: Lic oec HSG St Gallen, MS (Finance) MBA Colorado, PhD Melb Research interests: Entrepreneurial finance, industrial organisation and dynamic social networks.

Nardari, Federico: BS (Highest Honours) Bergamo, MSBA PhD WUSTL Research interests: Asset pricing, mutual fund performance evaluation, trading activity, international finance and financial econometrics. 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. Schwann, Greg: BA (Hons) Queen’s, MA (Eco) PhD UBC Research interests: Real estate finance, real estate economics and real estate-backed derivatives. Senior Lecturers Aharoni, Gil: BA MBA PhD Tel Aviv Research interests: Asset pricing, behavioural finance and market efficiency. Akyol, Ali: BA PhD Alabama Research interests: Corporate finance and governance, corporate control, IPOs and market efficiency. Coleman, Les: BEng (Hons) Melb, BSc (Eco) (Hons) London, 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) PhD UoN Research interests: Dynamic hedging strategies, value at risk and time varying beta estimation.

Inkmann, Joachim: Diplom-Volkswirt Mannheim, Dr rer pol Konstanz Research interests: Household finance, pension finance, asset pricing and panel data econometrics. Jung, Hae Won: BS MS KAIST, PhD GSU Research interests: Corporate finance, risk management and insurance and industrial organisation. Lim, Bryan: BA Columbia, PhD UC Santa Barbara Research interests: Financial economics, institutional investors and experimental finance. Moore, Lyndon: BEc (Hons) UTAS, MA PhD Northwestern Research interests: Financial history, derivatives, international finance, asset pricing and corporate finance. Murawski, Carsten: Dipl-Kfm Univ Bayreuth, Dr oec publ Univ Zuerich Research interests: Financial innovation, experimental finance, financial institutions and financial stability. Neyland, Jordan: BA (Eco) Texas, JD Houston, MMF PhD (Finance) Arizona Research Interests: Corporate finance, corporate governance, executive compensation, mergers and acquisitions, law and finance.

Fjesme, Sturla: BCom Bond, MSc (Hons) PhD BI Research interests: Empirical corporate finance.

Shekhar, Chander: BSc Panjab, MSc Virginia, PhD Penn Research interests: Economic models of financial markets, market for corporate control, initial public offerings, corporate restructuring and corporate governance.

Gargano, Antonio: BSc Naples, MSc Pisa, PhD Bocconi Research interests: Empirical and theoretical asset pricing, financial econometrics, portfolio choice and computational finance.

Shemesh, Joshua: BSc (CompSci) MBA (Fin&Bkg) Hebrew, PhD (Fin) USC Research interests: Corporate finance and behavioural finance.

Gong, Ning: BS (Math) Nanjing, PhD (Finance) WUSTL, PhD (Economics) WVU Research interests: Corporate disclosure policy, capital structure, corporate social responsibility and non-profit organisations.

Sotes-Paladino, Juan: Lic Ec UBA, PhD USC Research interests: Asset pricing under incomplete/asymmetric information, delegated portfolio management and investment funds and capital market functions.

Zeng, Qi: MS Academia Sinica, PhD Penn Research interests: Asset pricing and Chinese stock market. Lecturers O’Connor, Ian: BBus Chisholm, MBus RMIT, PhD Melb. CPA SA Fin Research interests: Bank efficiency, derivative securities and volatility forecasting. Petry, Stefan: BA, MA EBS Germany, PhD Cambridge Research interests: Corporate governance, corporate finance and financial markets. Shi, Zhen: MPhil PhD Tilburg Research interests: Asset pricing, investments, real options and pension economics. Postdoctoral Research Fellows Van Der Heijden, Thijs: MSc PhD Tilburg Research interests: Derivative pricing, (empirical) market microstructure of derivative markets and information asymmetries in financial markets. Xu, Liheng: BS (Statistics) Peking, MS (Statistics) Indiana, PhD (Finance) Cornell Research interests: Asset pricing, macro finance, financial markets and instruments and derivatives. Professional staff Kreitner, Jason: BA NM State, MPA JD South Dakota Department Services Manager Anderson, Lena: BA Deakin Executive Assistant (January–June) Barberoglou, Silvia Academic Services Officer (Postgraduate) (January–August) Administrative Officer (August–December) Carey, Robin: BSc (Econ) MA (Econ) UC Riverside Executive Assistant (July–December) Dixon, Helen Office Coordinator Kennedy, Jessica: BCompSc La Trobe Academic Services Officer (Postgraduate) Murray, AnnMaree: BAppSci (PhysEd) VU Academic Events and Resources Coordinator Porto, Julieanne Academic Services Officer (Undergraduate) Appointments Comerton-Forde, Carole: Professor Gargano, Antonio: Senior Lecturer Gregoire, Vincent: Senior Lecturer Nardari, Federico: Associate Professor

FACULTY OF BUSINESS AND ECONOMICS

Appendix D: List of staff Continued

Promotions Aharoni, Gil: Senior Lecturer Murawski, Carsten: Senior Lecturer Pinder, Sean: Associate Professor Zeng, Qi: Senior Lecturer Farewell Anderson, Lena: Executive Assistant DEPARTMENT OF MANAGEMENT AND MARKETING Research and teaching staff Professor and Head of Department Sargent, Leisa: BA MOrgPsych UQ, PhD Toronto Research interests: Organisational behaviour, careers, the employee and organisation relationships. Professor and Deputy Head of Department Bell, Simon: BCom (Hons) PhD Melb Research interests: Services and relationship marketing, customer loyalty, sales force management, organisational learning, social networks and regional clusters. Laureate Professor Hardy, Cynthia: BSc (MgtSc) PhD Warwick Research interests: Organisational discourse theory, power and politics in organisations, organisational change, social construction of risk and inter-organisational collaboration. Professors Brown, Michelle: BCom (Hons) MA PhD Wisconsin Research interests: Human resource management/industrial relations, pay and performance management systems, employee participation and its consequences. Cregan, Christina: BA (Hons) Leeds, MSc (Econ) PhD LSE, DipEd Oxford Research interests: Trade union membership, outworking in the textile industry, street working in Australia, disadvantaged groups in the labour market (such as people with disabilities and young people), employee participation and breach of the psychological contract. Gahan, Peter: BCom (Hons) UNSW, PhD Melb, GAICD AICD Research interests: Labour market regulation, the evolution of employment systems in Asia, HRM, organisational performance and workplace innovation and employee voice. Harley, William: BA (Hons) PhD UQ Research interests: Industrial relations, HRM, work organisation, high performance work systems, teamwork and labour process theory.

Harzing, Anne-Wil: BA Hogeschool Enschede, MA Maastricht, PhD Bradford Research interests: HQ-subsidiary relations, international HRM, cross-cultural management, language in international business, quality and impact of academic research.

Paladino, Angela: BCom (Hons) PhD Melb Research interests: Consumer behaviour, environmental marketing, innovation and corporate performance, resource-based view and capabilities strategies, market orientation, strategic management and marketing.

Lukas, Bryan: MBA Nebraska, PhD Memphis Research interests: Strategic marketing, brand management, brand valuation, product strategy, marketing productivity and international marketing.

Singh, Prakash: BE (Hons) BBus QUT, PhD Melb Research interests: Operations management, supply chain management, quality management and innovation management.

Merrett, David: BEc (Hons) MEc Monash Research interests: Internationalisation of Australian firms, marketing of Australian wool, global supply chains in the woollen textile industry in the 20th century and international banking in the 1930s.

Zyphur, Michael: PhD Tulane Research interests: Organisational behaviour, quantitative research methods, industrial and organisational psychology.

Power, Damien: BBus MBus PhD Monash Research interests: Business to business e-commerce, supply chain systems/virtual integration, business process redesign and operations strategy.

Senior Lecturers Bergey, Paul: BSME US Merchant Marine Academy, MBA Coll of William and Mary, PhD Virginia Research interests: Computer simulation, largescale optimisation, stochastic algorithms, energy models and quantitative decision models.

Samson, Daniel: BE (Chem) PhD AGSM UNSW Research interests: Business competitiveness drivers, operations strategy, risk management, sustainable development, innovation and decision making under uncertainty.

Bhakoo, Vikram: BA (Hons) (Economics) MA (Eco) MIMS, PhD Monash Research interests: Supply chain management, technology adoption and qualitative techniques in operations management.

Sewell, Graham: BSc (Hons) 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, coronersâ&#x20AC;&#x2122; recommendations and employment practices in the private security industry.

Canniford, Robin: BSc (Hons) (Psych & Physiol) Sâ&#x20AC;&#x2122;ton, MSc EcPsych PhD (Social Science) Exeter Research interests: Consumer culture and the body, consumption communities, biosocial consumption, sociological interpretations of marketing and advertising.

Associate Professors Ainsworth, Susan: BA (Hons) Sydney, MCom (Hons), PhD Melb, GCert (Higher Ed) Sydney, GDipEvaluation Melb, GDipIR Sydney Research interests: Identity, age and gender in employment, organisation studies, discourse analysis and critical management studies. Barsky, Adam: BS (Psych & Soc) WisconsinMadison, MS (Industrial/Org Psych) PhD (Industrial/Org Psych) Tulane Research interests: Social justice and workplace ethics, worker wellbeing and positive organisational behaviour, research methodology and statistics. Bove, Liliana: BAgSci (Hons) La Trobe, BBus (Marketing) RMIT, PhD Monash Research interests: Service marketing, relationship marketing, customer loyalty, customer citizenship behaviour, donor and volunteer research and consumer fear.

Hu, Helen: Bsc (Hons) UOL, PhD Monash Research interests: Corporate governance, Chinese business and management, board of directors and governance in the Asian region. Lei, Jing (Jill): BBA (Hons) NUST, PhD Maastricht Research interests: Brand extension strategies, brand architecture, product harm crises, counterstereotypical product adoption, convergent hightech products and consumer food consumption. Mol, Joeri: MSc Erasmus, PhD (MgmtSci) Groningen Research interests: Valuation and pricing, cultural economies, market regulation and state actors, power and appropriation in organisations, classification systems and social commensuration, broadcasting and creative industries. Nagpal, Anish: BE (Hons) MechEng BITS, MSc (Hons) (Econometrics) BITS Pilani, PhD (Mktg) UHouston Research interests: Consumer behaviour, consumer decision making, framing, customisation, decision conflict and consumer food consumption.

ANNUAL REPORT 2013, OUTLOOK 2014

Neville, Ben: BCom PGDip PhD Melb Research interests: Corporate social responsibility, business ethics, stakeholder theory and management, climate change and environmental issues, consumer issues and crosscultural issues in marketing and management. Sammartino, André: BCom (Hons) PhD Melb Research interests: International business, strategic management, regionalisation and globalisation, internationalisation of Australian firms and managerial decision making and cognition. Lecturers Chmielewski-Raimondo, Danielle: BA BCom (Hons) PhD Melb Research interests: Strategic marketing, strategic management, timing of entry, brand introduction strategy, resource-based view and capabilities and strategic orientation.

Head Tutors Cotronei-Baird, Valerie: BA (Hons) La Trobe, GradDipEd Cert IV (Trg&Ass) ACU, GradCert (UniTeaching) PhD Candidate Melb Research interests: Virtual teams, team development and collaborative skills in management education and the training transfer to the workplace, teambased 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. Research Fellows Casler, Catherine: BEng (Hons)/BCom (Hons), Melb Research interests: Organisational change and adaptation, process studies of organisation, strategy-as-practice.

Coker, Brent: BCA (InfoSys) BCA (E-Com&Multimedia) PhD (InfoSys) VU Wellington Research interests: Consumer psychology and viral marketing.

Goldsmith, Suzy: BSc (Eng) (Hons) ACGI London, MSc (Eng) Birmingham, PhD Melb Research interests: Water, corporate risk and governance, sustainability and innovation.

Coslor, Erica: MSPPM Carnegie Mellon, PhD (Sociology) Chicago Research interests: Market structure and processes, economic sociology, valuation models, sociology of finance and accounting.

Gruner, Richard: BA (Hons) MA (Hons) PhD (Marketing) Melb Research interests: Marketing communications, social media, communication technology and organisational change and supply chain networks.

Koehler, Tine: MA PhD George Mason, Pre-Dip Psych Philipps-Universitat Marburg Research interests: Global teamwork, crosscultural communication, coordination and management, research methods and statistics.

Pierides, Dean: BA Penn, DipEd MEd Melb Research interests: Organisation and management theory, disasters, emergency management, risk, markets, history and philosophy of science, knowledge and interdisciplinarity.

Nyilasy, Gergely (Greg): BA PPCU Hungary, MA PhD Georgia Research interests: Sustainable/green marketing, advertising, consumer culture theory, food marketing, experimental research and services marketing.

Roffe, Jon: BA (Hons) MA Melb, PhD (Phil) UTas Research interests: The philosophy of the market, recent and contemporary French philosophy.

Osegowitsch, Tom: BA (Hons) Wirtschaftsuniversitaet Wien, MCom (Research) PhD UWA Research interests: Strategies of multinational companies, international business, strategy and HQ–subsidiary relationship. Phipps, Marcus: BA BBus (Hons) 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: Interpersonal knowledge sharing 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.

Honorary Professorial Fellows Giudice, Geoffrey, AO: LLB/BA Melb Research interests: Workplace relations systems, powers and functions of industrial tribunals and the economic impact of industrial tribunal decisions. Heidi, Jan B: PhD Wisconsin–Madison Research interests: The design and management of inter-firm relationships, manufacturers’ interactions with (upstream) suppliers and (downstream) resellers. Homburg, Christian: PhD (Bus Admin) Karlsruhe Research interests: Market-oriented management, customer relationship management and sales management. Verhezen, Peter: MA PhilSci&Ethics Leuven, MA IntRel&IntEc Antwerp, MBA Finance, Leuven/ Chicago Bus Sch PhD Philosophy, Leuven Research interests: Ethical leadership and business ethics, integrated risk and governance, emerging (Asian) markets, strategy and sustainable investments. Professional staff Mong, Catherine: BBA NUS, PG Dip University Management Melb Department Service Manager Banford, Alison Academic Services Manager Barry, David: BA/BBus NE Direct Academic Support Officer Heddle, Nicole: AdvDip (Photography) Chch Direct Academic Support Officer Marriner, Courtney: BComn Monash Direct Academic Support Officer, Front Office

Visiting Academic Teaching Staff Vashdi, Dana Rachel: PhD Technion – Israel Inst Tech Research interests: Teams and teamwork, organisational learning, employee wellbeing, healthcare organisations management and policy.

Pedley, Sarah: BA (Hons) Melb, DipTeach Perugia, MTeach, UNE Direct Academic Support Officer

Honorary appointments Emeritus Honorary Professorial Fellow Isaac, Joseph, AO: BCom BA (Hons) Melb, PhD London, HonDEcon Monash, HonDCom Melb, Hon LLD Macquarie. FASSA Research interests: Labour market institutions, industrial relations, wages policy and small business.

Shears, Monique 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

FACULTY OF BUSINESS AND ECONOMICS

Appendix D: List of staff Continued

MELBOURNE INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH Academic and research staff Director and Ronald Henderson Professor Cobb-Clark, Deborah: BA (Eco) MA (Eco) PhD Michigan. FASSA Research interests: Social policy evaluation, youth, gender issues, family economics, and labour market economics. Deputy Director (Research) and Professorial Research Fellow Jensen, Paul: BEc Sydney, PhD UNSW Research interests: Economics of innovation, contracts and incentives, health economics, privatisation and contracting out, firm survival and economics of climate change. Deputy Director and Professorial Research Fellow Lim, Guay: BEc MEc PhD ANU Research interests: Macroeconometrics, microfoundations of macroeconomics, modelling the Australian economy, consumption and wealth over the lifecycle. Professorial Research Fellows Burkhauser, Richard: BA (Eco) St Vincent, MA (Eco) Rutgers, PhD Chicago Research interests: How public policies affect the economic behaviour and wellbeing of vulnerable populations, e.g. older persons, people with disabilities and low-income households. 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. Justman, Moshe: BSc (Math, Stat) MSc (Math) Hebrew, PhD (BusEc) Harvard Research interests: Economics of education. Kalb, Guyonne: MEc Erasmus, PhD Monash Research interests: Applied microeconom(etr)ics, in particular, labour and household econom(etr)ics, child care, child development and education, social and tax policy issues and microsimulation model. McVicar, Duncan: BSc Econ (Hons) Lond, MSc PhD S’ton Research interests: Applied labour economics – program evaluation, unemployment and inactivity, disability and the labour market and youth transitions. Powdthavee, Nattavudh (Nick): BSc (Eco, Mgt) Brunel, MSc (Eco) PhD (Eco) Warwick Research interests: Applied microeconometrics, health economics, labour economics, behavioural economics, experimental economics, happiness data and quantitative social science.

Scott, Anthony: BA (Hons) Newc, MSc York, PhD Aberdeen Research interests: Health economics organisation and financing of healthcare and labour markets of healthcare professionals. Webster, Elizabeth: BEc (Hons) MEc Monash, PhD Cambridge Research interests: Industrial economics, innovation and intellectual property and labour markets. Wooden, Mark: BEc (Hons) Flinders, MSc (Eco) London. FASSA Research interests: Labour economics, industrial relations and survey methodology. Principal Research Fellows Marks, Gary: BSc (Hons) MSc Melb, PhD UQ Research interests: Educational outcomes, labour market outcomes, social outcomes and political outcomes. 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. Wilkins, Roger: BCom (Hons) MCom Melb, MSc Wisc, PhD Melb Research interests: Labour economics, income inequality and poverty, household panel data and applied microeconometrics. Yong, Jongsay: BA BSocSc (Hons) MSocSc NUS, MA 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 microeconomics, labour supply, applied econometrics and behavioural microsimulation. Chua, Michael: BEc (Hons) PhD UNE Research interests: Bayesian inference, forecasting and applied macroeconomics. de Rassenfosse, Gaétan: BS (Science in Management) MA (Science in Management) PhD Bruxelles Research interests: Understanding the creation and the diffusion of innovation and scientific discoveries, knowledge obsolescence, markets for technology and venture capital. Palangkaraya, Alfons: BSc UMo, MA Penn St, PhD Ore St Research interests: Industrial organisation, health economics and econometrics.

Scutella, Rosanna: BCom (Hons) PhD Melb Research interests: Poverty, inequality, social welfare, labour economics and public finance. Sivey, Peter: BSc (Eco) MSc (HealthEc) PhD York Research interests: Microeconomics, health economics, applied microeconometrics, specifically discrete-choice modelling, non-linear panel data methods and industrial economics applied to healthcare markets. Thomson, Russell: BSc Melb, PhD ANU, GCertDevt GDipEcon Melb Research interests: R&D and innovation policy, the determinants of innovation, technology transfer and diffusion, the behaviour of multinational enterprises, infrastructure investment and procurement and applied industrial economics in general. Tseng, Yi-Ping: BEc Taiwan, PhD ANU Research interests: Labour economics, applied microeconometrics, economic and social policy. van de Ven, Justin: BCom (Eco) BEng MCom (Eco) Melb, PhD (Eco) Oxford Research interests: Distributional effects of fiscal policy, household savings, labour supply, retirement, and dynamic programming methods for exploring household behavioural responses to policy change. Watson, Nicole: BSc UWA, MMedStat UoN, GDipMgtSc UC. Deputy Director Survey Management, HILDA Project Research interests: Non-response in longitudinal surveys, imputation, weighting and measurement error. Ronald Henderson Research Fellow Azpitarte, Francisco: BSc (Eco) (Hons) UVigo, MSc UA Barcelona, PhD UVigo Research interests: Distribution analysis and welfare dynamics. Research Fellows Cheng, Terence: BSocSci (Hons) MSocSci NUS, PhD ANU Research interests: Applied microeconomics, applied microeconometrics, economics of mixed public–private healthcare systems and health human resources. Claus, Edda: BA (Eco) McGill, MSc UMontréal, PhD ANU Research interests: Macroeconomics, financial economics and applied econometrics. Hanel, Barbara: MSc Bonn, PhD Erlangen-Nuremberg Research interests: Empirical labour economics and social policy. Herault, Nicolas: BSc (Eco) MSc (Eco) PhD Bordeaux IV and Toulouse I

ANNUAL REPORT 2013, OUTLOOK 2014

Research interests: Labour economics, income tax policies, trade liberalisation, microsimulation modelling and micro-macro modelling. Jha, Nikhil: BA (Eco) Delhi, MA (Eco) Southern Methodist Uni, PhD UT Dallas Research interests: Applied econometrics and economics of education. Kassenboehmer, Sonja: BA (Hons) (Mathematics with Applied Statistics) Edinburgh Napier, German Diploma (Bus&Ec) Bochum Germany, PhD RuhrUniversity of Bochum Research interests: Topics in welfare measures. Le, Trinh: BMS Waikato, PhD Cant Univ Research interests: Development economics, labour economics, household savings and wealth and retirement income policy. Li, Jinhu: BA (Eco) Huazhong, China, MA (Eco) Victoria, Canada, PhD McMaster Research interests: Health economics, applied econometrics, public economics and labour economics. Moschion, Julie: B (Econometrics) Dauphine, MA (Macroecons) PhD Paris Research interests: Labour and education economics, program evaluation and empirical microeconometrics.

Survey Manager Leahy, Anne: BCom GCertClassics GDipPhil Melb

Shields, Mike: BA (Hons) Staffo, MSc (HealthEco) York, PhD Leicester

MABEL Survey Data Manager Taylor, Tamara: BSc Hons (Psych) Birmingham MSc (Health Psych) London

Shiell, Alan: BEc London, MA York, PhD Sydney

HILDA Deputy Director, Survey Management Summerfield, Michelle: BSocSci GradCert (Public Health) ECU

Stillman, Steven: BA (Eco) (Hons) Williamstown, MA (Eco) PhD Washington

Programmer and Database Manager Bevitt, Andrew: BCompSc UoN HILDA Survey Methodologist Li, Ning: BA (AppMath) MA (EcoMath) China, PhD La Trobe Senior Research Support Officers Hahn, Markus: German Dip (Eco) Ruhr Houng, Brendan: BCom (Hons) BSoftEng Melb Liu, Miao: BCom (Hons) Melb Yan, Wenda: BBA (Eco&IntFin) Macau, MSc (AppEco) Dip (AppEco) ANU Zakirova, Rezida: BA (Bkg), MSc (Math) Moscow ABD, MA (Eco) CEU Research Support Officers Chigavazira, Abraham: BEc (Hons) UWS

Nguyen, Viet Hoang: BA (BusEng) FTU, MA (Eco&Fin) PhD (Eco) Leeds Research interests: Applied macroeconomics and exchange rate economics.

Leung, Felix: BCom (Hons) Melb

Polidano, Cain: BAgricEc (Hons) La Trobe, MAgricEc Sydney, PhD Monash Research interests: Education and training policy, youth transition, health economics and applied microeconometric analysis.

Database Support Officers (HILDA) Ittak, Peter: BSc BEc MPH Monash

Tabasso, Domenico: BSc (Eco) Bocconi, MSc (Eco) PhD (Eco) Essex Research interests: Labour economics, family economics, demographic economics and applied microeconomics. Warren, Diana: BCom 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 HILDA Survey Research Database Manager and Analyst Freidin, Simon: BBSc (Hons) GDipCompSc La Trobe

Peyton, Kyle: BBA (ACT, ECON, PLSC) Loyola Chicago Zhang, Rong: BSc MSc HIT, PhD Monash

Sloan, Judith: BEc (Hons) MA Melb, MScEc London

Williams, Ross: BCom Melb, MScEc PhD London. FASSA Principal Fellows Headey, Bruce: BA Oxford, MA Wisc, PhD Strath Johnston, David: BSc BCom (Hons) PhD Melb Siminski, Peter: BMathEcon W’gong, BA Sydney, PhD UNSW Senior Fellows Johnson, Guy: BSoc (Hons) BBus MA (Soc) Monash, PhD RMIT Sivey, Peter: BSc (Eco) MSc (HealthEc) PhD York Fellow Voitchovsky, Sarah: BSc (Eco) Lausanne MSc (Development Studies) London, MPhil PhD Oxford Professional staff Best, Michelle: BEnvSc La Trobe Administrative Assistant Buchanan, Lyn: BA GradDipEd CDU Executive Officer (IPRIA) Chen, Jenny: AdvDip Oxford Administrative Assistant

Macalalad, Ninette: BS Statistics UP

Craw, Emma: BA (Hons) UTas Executive Assistant

Research Support Assistant Ware, Kerry

Davis, James: BA DipML (German) Melb Administrative Assistant

Adjunct and honorary appointments Adjunct Professor Clarke, Philip: BEco Newcastle, MEco Sydney, PhD ANU

Derham, Rachel: BSc GCertUniMgmt Melb Business Manager Goh, Theresa: BBus (Bus Admin) MPA RMIT. CPA Finance and Resources Manager

Professorial Fellows Banks, Gary: BEc (Hons) Monash MEc ANU

Hope, Penelope: BA La Trobe Functions Manager

Fels, Allan: BEc BLaw UWA PhD Duke

Lane, Victoria Administrative Assistant (HILDA Survey)

Gravelle, Hugh: BCom Leeds, PhD London Greenhalgh, Christine: MA Oxon, BSc MSc London, PhD Princeton Gregory, Bob: BCom Melb, PhD London Lane, Julia: BA Massey, MA PhD Missouri-Columbia Pagan, Adrian: BEc (Hons) UQ, PhD ANU

Lentini, Nellie: BA Monash Publications Manager Pugh, Deborah Senior Administrative Officer, Labour Economics and Social Policy

FACULTY OF BUSINESS AND ECONOMICS

Appendix D: List of staff Continued

Appointments Liu, Miao: Senior Research Support Officer (December 2013) Powdthavee, Nick: Professorial Research Fellow (HILDA Survey) (January 2013) Taylor, Tamara: MABEL Survey Data Manager (October 2013) Farewells Black, David: Research Officer (April 2013)

Vellu, Phyllis: MA India Executive Assistant to the Dean, Deputy Dean (Faculty) and Deputy Vice-President, Academic Board MELBOURNE BUSINESS SCHOOL MBS@Berkeley Student Centre Manager Graham, Penny: BA BLitt Melb Academic Services Collis, Stephen Academic Services Manager

PROFESSIONAL SERVICES UNITS Advancement May, Stephen: BEd Deakin, MBA Mt Eliza/UQ Director, Advancement Development May, Emily: BBus La Trobe Development Officer (from June 2012) Ramos, Vincent: BCrArts VCA, BCA (Hons) Melb Development Manager

Ashlin, Anita: BA Tas Client Services Officer (from September 2013)

Scholarships and prizes Di Risio, Patricia: BA Melb, DipEd La Trobe, MA Sheffield Awards and Scholarship Assistance

Cunningham, Isabel: BA (Psyc) SCU Student Adviser

Slavin, Leonie: GCert BusAdmin Swin Awards and Fundraising Officer

Le, Trinh: Research Fellow (May 2013)

Cody, Gumm: BA Wisconsin–Whitewater Client Services Officer (from September 2013)

Leung, Felix: Research Support Officer (March 2013)

Hamilton, Amanda: BA Deakin Academic Programs Manager

Alumni Barry, Anthea: BA UCT, GCertLinguistics PGCertEd & Comms Melb Alumni Relations Manager

McVicar, Duncan: Professorial Research Fellow (July 2013)

Jacotine, Keisha: BA (Hons) Monash Student Services Officer (until August 2013)

Pugh, Deborah: Senior Administrative Officer (Labour Economic and Social Policy) (December 2013)

Jenzen, Rachel: BA (Hons) MA Melb Manager (Policy and Projects)

Buchanan, Lyn: Executive Officer (IPRIA)/Executive Assistant (May 2013) Claus, Edda: Research Fellow (December 2013) Fok, Yin King: Research Officer (January 2013) Ittak, Peter: HILDA Database Support Officer (November 2013)

Sivey, Peter: Senior Research Fellow (June 2013)

Jose, Sabina Academic Programs Manager

Wilson, Michelle: Executive Officer (IPRIA) (June 2013)

Lascelles, Scott: BBus La Trobe Executive Officer, Student Services

Zakirova, Rezida: Senior Research Support Officer (July 2013)

Sabetzadeh, Ari Student Services Officer (from June 2012)

Zhang, Rong: Research Support Officer (March 2013)

Segar, Shalini: BA Melb Student Adviser

Promotions de Rassenfosse, Gaétan: Senior Research Fellow (September 2013)

Stichbury, Amy: BA (Crim&Soc) VU Wellington Student Adviser

Kalb, Guyonne: Professorial Research Fellow (January 2013) Thomson, Russell: Senior Research Fellow (September 2013) FACULTY SECRETARIAT Dalton, Diana: MBus (OrgDyn) GDip (OrgBhvr) Swin, GCert (BusAdmin) GDip (BusAdmin) Mt Eliza Executive Director, Faculty of Business and Economics Tinworth, Koby Executive Assistant to the Executive Director and Deputy Dean (MBS)

Trajcevska, Vesna: Cert IV (Project Management) Swin Student Adviser Admissions Chandran, Dinesh: BSc (BusAdmin) CSULA Admissions Officer

Balis, Sarah: BArts Melb Community and Engagement Officer (Casual) Cheng, Chris: BA (Media Comm) MAppCom (Mktg) Melb Alumni and Community Engagement Officer Zapelli, Nicole: BCom BArts Melb, BArts – Chinese (Hons) La Trobe, PGCert Devt Studies Melb Community and Engagement Officer (from March 2012) Business Operations Andonov, Paul: BSc (MathComp) AssDip (Comp) VU Manager, Applications Everett, Michael: BSc (MathComp), AssDip (Business Computing) VU Software Architect (Senior) Lo, Victor: MTech RMIT, BEng (Geom) UNSW Applications Developer Xue, June Applications Developer (Senior)

Hamish Dunn: BAS RMIT Admissions Officer (from July 2013)

Finance Bui ,Tram Bich: BBus (Acctg) Swin Finance Officer

Martini, Daniel: BA La Trobe Admissions Manager

Darmawan, Andi: BCompSci Jakarta, MBIT Melb Business Analyst

Walker, Nicole: BA PGCertHealth Sciences Auckland Admissions Officer (until May 2012)

Doshi, Paragi: BBus UTS. ICAA Management Accountant, Research and Trusts Guo, Nancy: BCom/BSci (Hons) UNSW Business Analyst

ANNUAL REPORT 2013, OUTLOOK 2014

Hall, Bradley: DipConvey RMIT Assistant Accountant Ligris, Sheena: GCert (Cert IIIBusAcc) GCert (CertIVMWT) Box Hill TAFE Finance Officer Ngo, Narelle: BBus UTS. CPA Financial Controller Qin, Rosy: BCom GDipEd Melb Finance Officer Rycroft, Anna: BA VU Finance Officer Soong, Kah Mun: BBus (Acctg) Curtin. FCPA Management Accountant, Operations Tan, Michael Building Porter Wilks, Pania: BBus (Acctg) VU Assistant Accountant Human Resources McFarlane, Eluned: DipTeach (Distinction) Wales, GDipBus (Employee Relations) Auckland Manager, Human Resources Alexander, Brooke: Dip BusMkt Fanshawe College Canada Human Resources Officer Maguire, Debbie: GDip (HRM) Monash HR Business Partner Gluyas, Stacey: Dip HRM NMIT Human Resources Officer Sivaraj, Sonya: BBus La Trobe, MHRM Melb HR Business Partner Marketing and Communications Strong, Caroline, BA GDipArt ANU, MA Deakin Director of Marketing and Communications Serpell, Elizabeth Executive Assistant Communications Gillman, Kylie: BA (Hons) Melb Communications Manager (Brand and Web) Hahessy, Eoin: MA (Journalism) DCU Media and Industry Engagement Manager Kevey, Donna Web Communications Officer Lawry, Fiona: BFineArt ANU, GDipFineArt Melb Internal Communications Manager

Quilford, Rees: BA (Hons) Monash, PGDip Arts MA Melb Casual Web Support Roller, Danielle: BA Swin, SpecCert (Strategic Marketing) Melb, MEnterprise (Executive) Melb Marketing Communications Manager Segal-Crawford, Michelle: BA (Media&Comm) MA (Edit&Comm) Melb Communications and Digital Marketing Specialist Young, Sigourney: BA MManagement Melb Casual Web Support Marketing Abud, Fiona: BSc (SEAP) RMIT, MIB GCertDev Melb Marketing and Recruitment Manager Fossey, Samantha: BA (Media and Communications) MMgt (Marketing) Melb National Marketing and Recruitment Coordinator (Acting) Migallos, Patricia: MAppCom (Mktg) Melb Manager – Marketing and Communications (Undergraduate) Vucetich Karibian, Rocio: BBusAdmin Peru, Grad Dip Interpreting – Translating (Spanish–English) RMIT International Relations Manager Wright, Caitlin: BAppCom (Public Relations) RMIT Manager, Marketing and Communications (Undergraduate) (Acting) Service Level and Facilities Management Lloyd, Amanda: BBus (InfoSyst) VU, GCUM Melb Service Level and Facilities Manager Kartalis, Bill: BBus AssDip (Phys/Comp) WMCT AdvCert (IT) FT VUT. ITIL, PRINCE2 Manager, Capital Works Martin, Leigh: BCA BA Deakin, BA Charles Sturt Facilities Assistant Starcevic, Ivan: GDip Building Project Management VU, BArch Adel Project Coordinator Susoy, Coskun IT Resources Officer Templeton, Hetty: BBus (CompSysMgmt) VUT, GDipMgmt MastScience (InfoSys) Melb. ITIL, PRINCE2 Facilities Coordinator

Toma, Evan IT Resources Officer Trinco, Patricia: BA PGDipBus (InfoTech) Swin. ITIL Facilities Administrator Uhen, Timothy: BBus (CompSys Mgmt) VUT Facilities Support Officer Woo, Yvonne: BA Journalism Monash, Masters Arts/Humanities Melb Facilities Assistant Research Support Haisken-DeNew, John: BA (Hons) Carleton, MA Toronto, Dr oec publ LMU Munich Associate Dean (Research and Research Training) Braybrook, Penny: BSocSci MBIT RMIT Research Databases Manager Burdett, Suzanne: BA (Hons) Sheffield Graduate Research Officer Chin, Shinyi: BA (Hons) Monash, MComm RMIT Research Support Officer Decolongon, Jennifer: DipDramArts VCA, BA (Hons) Melb Graduate Research Programs Manager Douglas, Jean: BSc DipSocialScience Kangan Research Support Officer Grosser, Elise: BA BMus (Hons) Melb Manager, Research and Research Training (on leave in 2014) McKnight, Jenny: BA GradDipEd Melb, GDIKM Monash Research Administrator Scerri, Louise: BAppSc RMIT Research Administrator Tang, William, B.Comm Melb, GDipEDP CIT (Chisholm) Research Databases Administrator

FACULTY OF BUSINESS AND ECONOMICS

APPENDIX E: RESEARCH PUBLICATIONS ACCOUNTING Revised books Romney M, Steinbart P, Mula J, Mcnamara R & Tonkin TH. 2013. Accounting information systems. Frenchs Forest, Australia: Pearson Education Australia. Journal articles refereed Abernethy MA, Bouwens J & Van Lent L. 2013. The role of performance measures in the intertemporal decisions of business unit managers. Contemporary Accounting Research. 30 (3): 925–961. Arnold V, Collier PA, Leech SA, Sutton S & Vincent AD. 2013. INCASE: Simulating experience to accelerate expertise development by knowledge workers. Intelligent Systems in Accounting, Finance & Management. 20 (1): 1–21. Beltratti A, Spear NA & Szabo MD. 2013. The value relevance and timeliness of write-downs during the financial crisis of 2007–2009. International Journal of Accounting. 48 (4): 467–494. Blanco B, Guillamón-Saorín E & Guiral A. 2013. Do non-socially responsible companies achieve legitimacy through socially responsible actions? The mediating effect of innovation. Journal of Business Ethics. 117 (1): 67–83. Cardinaels E & Soderstrom NS. 2013. Managing in a complex world: Accounting and governance choices in hospitals. European Accounting Review. 22 (4): 647–684. Clinch G. 2013. Disclosure quality, diversification and the cost of capital. Australian Journal of Management. 38 (3): 475–489. Cobbin PE, Dean G, Esselmont C, Ferguson P, Keneley M, Potter BN & West B. 2013. Enhancing the accessibility of accounting and business archives: The role of technology in informing research in accounting and business. Abacus. 49 (3): 396–422. De George E, Ferguson CB & Spear NA. 2013. How much does IFRS cost? IFRS adoption and audit fees. Accounting Review. 88 (2): 429–462. Dekker H, Sakaguchi J & Kawai T. 2013. Beyond the contract: Managing risk in supply chain relations. Management Accounting Research. 24: 122–139. Ding R, Dekker H & Groot T. 2013. Risk, partner selection and contractual control in interfirm relationships. Management Accounting Research. 24: 140–155. Elbashir M, Collier PA, Sutton S, Davern MJ & Leech SA. 2013. Enhancing the business value of business intelligence: The role of shared knowledge and assimilation. Journal of Information Systems. 27 (2): 87–105.

Ferguson C, Green P, Vaswani R & Wu G. 2013. Determinants of effective information technology governance. International Journal of Auditing. 17 (1): 75–99. Hall J, Pinnuck ML & Thorne M. 2013. Market risk exposure of merger arbitrage in Australia. Accounting and Finance. 53 (1): 185–215. Jung B, Soderstrom NS & Yang S. 2013. Earnings smoothing activities of firms to manage credit ratings. Contemporary Accounting Research. 30 (2): 645–676.

Full written papers refereed Burrows GH & Hronsky JJ. 2013. The politics of national budgeting: A case study of rationalism and nationalism in 1923–24 Poland. Proceedings of the Seventh Accounting History International Conference. Melbourne, Australia. Potter BN, Singh PJ & York J. 2013. Corporate social investment through integrated reporting: Critical issues. Proceedings of the 7th Asia Pacific Interdisciplinary Research in Accounting Conference. Kobe, Japan.

Mock T, Bedard J, Coram PJ, Davis S, Espahbodi R & Warne R. 2013. The audit reporting model: Current research synthesis and implications. Auditing. 32: 323–351.

Major reports and working papers Jorgensen BN, Patrick PH & Soderstrom NS. 2013. Unusual patterns in executive compensation. Parkville, Australia: University of Melbourne.

Parkes A. 2013. The effect of task–individual– technology fit on user attitude and performance: An experimental investigation. Decision Support Systems. 54 (2): 997–1009.

BUSINESS ADMINISTRATION

Pinnuck ML & Shekhar C. 2013. The profit versus loss heuristic and firm financing decisions. Accounting Organizations and Society. 38 (6–7): 420–439.

Edited books Olekalns M & Adair WL. 2013. Handbook of research on negotiation. Cheltenham, United Kingdom: Edward Elgar Publishing.

Potter BN, Ravlic T & Wright S. 2013. Developing accounting regulations that reflect public viewpoints: The Australian solution to differential reporting. Australian Accounting Review. 23 (1): 18–28.

Research book chapters Adair WL & Olekalns M. 2013. Guiding new directions in negotiation research: A negotiation context level framework. In Okelans M and Adair WL (eds), Handbook of research and negotiation. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 499–518.

Wines G, Carr R, Cooper B, Ferguson CB, Hellier P & Jackling B. 2013. Rural and regional Australian public accounting firm services: Service provision, concerns and tensions. Australian Accounting Review. 23 (2): 163–176.

Alford JL. 2013. Engaging citizens in co-producing service outcomes. In Lindquist EA, Vincent S & Wanna J (eds), Putting citizens first: Service delivery and engagement for the 21st century. Acton, Australia: ANU E Press, pp. 75–82.

Xu N, Xu X & Yuan Q. 2013. Political connections, financing friction, and corporate investment: Evidence from Chinese listed family firms. European Financial Management. 19 (4): 675–702.

Druckman D & Olekalns M. 2013. Punctuated negotiations: Transitions, interruptions and turning points in negotiation. In Okelans M and Adair WL (eds), Handbook of research on negotiation. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 332–356.

Journal articles unrefereed Soderstrom NS. 2013. Sustainability reporting: Past, present, and trends for the future. Insights: Melbourne Economics and Commerce. 13: 31–37. Journal articles unrefereed, letters or notes Burrows GH. 2013. Gordon Shillinglaw: Economist, consultant, and management accounting scholar. Accounting Horizons. 27 (3): 647–658. Major reference works Teo E & Khoury D. 2013. Halsbury’s Laws of Australia. Income and assessable income. Chatswood, Australia: LexisNexis.

Olekalns M & Adair WL. 2013. The complexity of negotiating: From the individual to the context, and everything in between. In Okelans M and Adair WL (eds), Handbook of research on negotiation. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 3–22. Book chapters other John AA. 2013. Coordination failures and Keynesian Economics. In Cate T (ed), An encyclopaedia of Keynesian economics, 2nd ed. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 116–123.

ANNUAL REPORT 2013, OUTLOOK 2014

Journal articles refereed Auger P, Devinney T, Dowling G, Eckert C & Lin N. 2013. How much does a company’s reputation matter in recruiting? MIT Sloan Management Review. 54 (3): 79–88. Benito G, Dovgan O, Petersen B & Welch LS. 2013. Offshore outsourcing: A dynamic operation mode perspective. Industrial Marketing Management. 42: 211–222. Bridson K, Evans JD, Mavondo F & Minkiewicz J. 2013. Retail brand orientation, positional advantage and organisational performance. International Review of Retail, Distribution and Consumer Research. 23 (3): 245–264. Crama P, De Reyck B & Degraeve ZA. 2013. Step by step: The benefits of stage based R&D licensing contracts. European Journal of Operational Research. 224: 572–582. De Wit F, Jehn K & Scheepers D. 2013. Task conflict, information processing, and decisionmaking: The damaging effect of relationship conflict. Organisational Behaviour and Human Decision Processes. 122 (2): 177–189. Druckman D & Olekalns M. 2013. Motivational primes, trust, and negotiators’ reaction to crisis. Journal of Conflict Resolution: Research on war and peace between and within nations. 57 (6): 966–990. Dwivedi A & Johnson LW. 2013. Trust-commitment as a mediator of the celebrity endorser-brand equity relationship in a service context. Australasian Marketing Journal. 21: 36–42. Gill C & Meyer D. 2013. Union presence, employee relations and high performance work practices. Personnel Review. 42 (5): 508–528. Grutterink H, Van Der Vegt GS, Molleman E & Jehn K. 2013. Reciprocal expertise affirmation and shared expertise perceptions in work teams: Their implications for coordinated action and team performance. Applied Psychology: An international review. 62 (3): 359–381. Harty RC, Kim TH, Thomas EA, Cardamone L, Jones NC, Petrou S & Wimmer VC. 2013. Axon initial segment structural plasticity in animal models of genetic and acquired epilepsy. Epilepsy Research. 105 (3): 272–279. Jayasinghe L & Ritson M. 2013. Everyday advertising context: An ethnography of advertising response in the family living room. Journal of Consumer Research. 40 (1): 104–121. Kwok C-L, Lloyd CJ & Yip PSF. 2013. Aging population scenarios: An Australian experience. Journal of Population Research. 30: 335–345.

Lloyd CJ. 2013. Accurate confidence limits for stratified clinical trials. Statistics in Medicine. 32 (20): 3415–3423. Martin GP, Gomez-Mejia LR & Wiseman RM. 2013. Executive stock options as mixed gambles: Revisiting the behavioural agency model. Academy of Management Journal. 56 (2): 451–472. Mas M, Flache A, Takács K & Jehn K. 2013. In the short term we divide, in the long term we unite: Demographic crisscrossing and the effects of faultlines on subgroup polarization. Organization Science. 24 (3): 716–736. Mestekemper T, Kauermann G & Smith MS. 2013. A comparison of periodic autoregressive and dynamic factor models in intraday energy demand forecasting. International Journal of Forecasting. 29: 1–12. Padilla R, Milton S & Johnson LW. 2013. Service value in IT outsourcing. International Journal of Engineering and Management Sciences. 4 (3): 285–302. Piekkari R, Welch DE, Welch L, Peltonen J-P & Vesa T. 2013. Translation behaviour: An exploratory study within a service multinational. International Business Review. 22 (5): 771–783. Pomering A, Johnson L & Noble G. 2013. Advertising corporate social responsibility: Results from an experimental manipulation of key message variables. Corporate Communications: An international journal. 18 (2): 249–263. Scholnick B, Massoud N & Saunders A. 2013. The impact of wealth on financial mistakes: Evidence from credit card non-payment. Journal of Financial Stability. 9 (1): 26–37. Subramanian AM, Lim K & Soh PH. 2013. When birds of a feather don’t flock together: Different scientists and the roles they play in biotech R&D alliances. Research Policy. 42 (3): 595–612. Van Der Haar S, Segers M & Jehn KA. 2013. Measuring the effectiveness of emergency management teams: Scale development and validation. International Journal of Emergency Management. 9 (3): 258–275. Van Der Haar S, Segers M & Jehn KA. 2013. Towards a contextualized model of team learning processes and outcomes. Educational Research Review. 10: 1–12. Welch DE & Steen A. 2013. Repositioning global staff transfers: A learning perspective. Human Resource Management. 52 (5): 793–807.

BUSINESS AND ECONOMICS Research book chapters Henry OT, Olekalns N & Shields K. 2013. Quantifying time variation and asymmetry in measures of covariance risk: A simulation approach. In Bell AR, Brooks C & Prokopczuk M (eds), Handbook of research methods and applications in empirical finance. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 457–475. Book chapters other Calma A. 2013. The context of research training in the Philippines: Some key areas and their implications. In Bernardo ABI & Gaerlan MJM (eds), Educational reform and innovation in the Asia-Pacific: Advances in research. Philippines: De La Salle University, Manila, pp. 228–256. Darian-Smith K & Jenzen RE. 2013. Over-paid, over-sexed and over here: US marines in wartime Victoria, 1943. In Darian-Smith K & Jenzen RE (eds), Over-paid, Over-sexed and over here: US marines in wartime Victoria, 1943. Ballarat, Australia: The Sovereign Hill Museums Association, pp. 3–14. Journal articles refereed Calma A. 2013. Fixing holes where the rain gets in: Problem areas in the development of generic skills in business. Journal of International Education in Business. 6 (1): 35–50. Calma A. 2013. Preparing tutors to hit the ground running: Lessons from new tutors’ experiences. Issues in Educational Research. 23 (3): 331–346. Churchill D, King ME & Fox B. 2013. Learning design for science education in the 21st century. Institut za Pedagoska Istrazivanja. Zbornik. 45 (2): 404–421. Davies WM. 2013. Critical thinking and the disciplines reconsidered. Higher Education Research and Development. 32 (4): 529–544. Davies WM, Eggins MS & King ME. 2013. Maintaining a digital profile under Web 2.0. Australian Universities’ Review. 55 (1): 80–82. Fisher CD, Minbashian A, Beckmann N & Wood RE. 2013. Task appraisals, emotions, and performance goal orientation. Journal of Applied Psychology. 98 (2): 364–373. Ford D & Paladino A. 2013. Enabling innovation through strategic synergies. Journal of Product Innovation Management. 30 (6): 1058–1072. Lee K, Olekalns N & Shields K. 2013. Meta Taylor rules for the UK and Australia: Accommodating regime uncertainty in monetary policy analysis using model averaging methods. Manchester School. 81 (S3): 28–53.

FACULTY OF BUSINESS AND ECONOMICS

Appendix E: Research publications Continued

Zeng LM, Webster BJ & Ginns P. 2013. Measuring the research experience of research postgraduate students in Hong Kong. Higher Education Research and Development. 32 (4): 672–686. Journal articles unrefereed, letters or notes Davies WM. 2013. Introduction. Journal of International Education in Business. Journal of International Education in Business. 6 (1): 4–6. Other refereed contributions to refereed journals Garnaut RG. 2013. China’s contribution to the global mitigation effort. East Asia Forum. 5 (2): 28–29. ECONOMICS Authored research books Garnaut RG. 2013. Dog days: Australia after the boom. Melbourne, Australia: Black Inc. Edited books Garnaut RG, Fang C & Song L. 2013. China: A new model for growth and development. Canberra, Australia: ANU E Press. Revised books Boeri T & Van Ours J. 2013. The economics of imperfect labor markets. 2nd ed. Princeton, United States: Princeton University Press. Borland J. 2013. Microeconomics: Case studies and applications. 2nd ed. South Melbourne, Australia: Cengage Learning. Dickson DCM, Hardy MR & Waters HR. 2013. Actuarial mathematics for life contingent risks. 2nd ed. Cambridge, United Kingdom: Cambridge University Press. Dickson DCM, Hardy MR & Waters HR. 2013. Solutions manual for actuarial mathematics for life contingent risks. 2nd ed. Cambridge, United Kingdom: Cambridge University Press. Joshi MS, Denson N & Downes A. 2013. Quant job interview questions and answers. 2nd ed. Melbourne, Australia: Pilot Whale Press. Textbooks Joshi MS & Paterson JM. 2013. Introduction to mathematical portfolio theory. New York, United States: Cambridge University Press. Martin VL, Hurn S & Harris D. 2013. Econometric modelling with time series: Specification, estimation and testing. New York, United States: Cambridge University Press. Authored books other Harper MG. 2013. Douglas Copland. Carlton, Australia: Miegunyah Press (Melbourne UP).

Research book chapters Andalon M & Fields G. 2013. A labour market approach. In Soucat A & Scheffler R (eds), The labor market for health workers in Africa: A new look at the crisis. Washington DC, United States: The World Bank, pp. 33–48. Dixon RJ & Toporowski J. 2013. Kaleckian Economics. In Harcourt G & Kriesler P (eds), The Oxford handbook of post-Keynesian economics. Volume one: Theory and origins. New York, United States: Oxford University Press, pp. 485–509. Fielding D, Lee K & Shields K. 2013. Does one size fit all? Modelling macroeconomic linkages in the West African Economic and Monetary Union. In Di Mauro F & Pesaran MH (eds), The GVAR handbook: Structure and applications of a macro model of the global economy for policy analysis. Oxford, United Kingdom: Oxford University Press, pp. 212–230. Garnaut RG. 2013. China’s climate change mitigation in international context. In Garnaut R, Fang C & Song L (eds), China: A new model for growth and development. Acton, Australia: ANU E Press, pp. 281–300. Garnaut RG. 2013. Making the international system work for the platinum age. In Rao DSP & Van Ark B (eds), World economic performance: Past, present and future. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 162–192. Garnaut RG, Fang C & Song L. 2013. China’s new strategy for long-term growth and development: Imperatives and implications. In Garnaut R, Fang C & Song L (eds), China: A new model for growth and development. Acton, Australia: ANU E Press, pp. 1–16. Garratt A, Lee K & Shields K. 2013. Global recessions and output interdependencies in a GVAR model of actual and expected output in the G7. In Di Mauro F & Hashem Pesaran M (eds), The GVAR handbook: Structure and applications of a macro model of the global economy for policy analysis. Oxford, United Kingdom: Oxford University Press, pp. 35–55. Henry OT, Olekalns N & Shields K. 2013. Quantifying time variation and asymmetry in measures of covariance risk: A simulation approach. In Bell AR, Brooks C & Prokopczuk M (eds), Handbook of research methods and applications in empirical finance. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 457–475. Hillberry RH & Hummels D. 2013. Trade elasticity parameters for a computable general equilibrium model. In Dixon PB & Jorgenson DW (eds), Handbook of Computable general equilibrium modeling. Oxford, United Kingdom: Elsevier Science, pp. 1213–1269.

Jin Z & Yin G. 2013. Numerical methods for optimal annuity purchasing and dividend optimization strategies under regime-switching models: Review of recent results. In Zeng Y & Wu S (eds), Statespace models: Applications in economics and finance. New York, United States: Springer, pp. 205–225. Martin VL, Paterson J, Nikali H & Li Q. 2013. Dynamic letter volume models: How does an economic downturn affect substitution propensities? In Crew MA & Kleindorfer PR (eds), Reforming the postal sector in the face of electronic competition. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 163–178. Walmsley TL, Aguiar H & Narayanan B. 2013. The Global Trade Analysis Project and the GTAP database. In Murray J & Lenzen M (eds), The sustainability practitioner’s guide to multi-regional input–output analysis. Australia: Common Ground Publishing, pp. 21–32. Book chapters other Borland JI. 2013. Discussion: Interactions with the system. In Beddie F, O’Connor L & Curtin P (eds), Structures in tertiary education and training: A kaleidoscope or merely fragments? Research readings. Adelaide, Australia: NCVER, pp. 190–196. Coelli MB. 2013. What role does price play in student behaviour? In Beddie F, O’Connor L & Curtin P (eds), Structures in tertiary education and training: A kaleidoscope or merely fragments? Research readings. Adelaide, Australia: NCVER, pp. 167–178. Journal articles refereed Ahsan RN. 2013. Input tariffs, speed of contract enforcement, and the productivity of firms in India. Journal of International Economics. 90 (1): 181–192. Andalon MA. 2013. Clean indoor air policies and smoking in Mexico. Economic Papers. 32 (1): 10–31. Arni P, Lalive R & Van Ours JC. 2013. How effective are unemployment benefit sanctions? Looking beyond unemployment exit. Journal of Applied Econometrics. 28 (7): 1153–1178. Artemov G, Kunimoto T & Serrano R. 2013. Robust virtual implementation: Toward a reinterpretation of the Wilson doctrine. Journal of Economic Theory. 148 (2): 424–447. Bardsley P & Burfurd I. 2013. Auctioning contracts for environmental services. Australian Journal of Agricultural and Resource Economics. 57 (2): 253–272.

ANNUAL REPORT 2013, OUTLOOK 2014

Bardsley P, Erkal N, Nikiforakis N & Wilkening TSW. 2013. Recursive contracts, firm longevity, and rat races: An experimental analysis. European Economic Review. 61: 217–231.

Chotikapanich D, Griffiths WE, Karunarathne PD & Rao DS. 2013. Calculating poverty measures from the generalised beta income distribution. The Economic Record. 89 (Supplement S1): 48–66.

Hajargasht G & Griffiths WE. 2013. Paretolognormal distributions: Inequality, poverty, and estimation from grouped income data. Economic Modelling. 33: 593–604.

Beveridge CJ, Joshi MS & Tang RL. 2013. Practical policy iteration: Generic methods for obtaining rapid and tight bounds for Bermudan exotic derivatives using Monte Carlo simulation. Journal of Economic Dynamics and Control. 37 (7): 1342–1361.

Clarke AJ & Skuterud M. 2013. Why do immigrant workers in Australia perform better than those in Canada? Is it the immigrants or their labour markets? Canadian Journal of Economics. 46 (4): 1431–1462.

Haley M, Paarsch HJ & Whiteman C. 2013. Smoothed safety first and the holding of assets. Quantitative Finance. 13 (2): 167–176.

Boone J, Van Ours JC & Van Der Wiel H. 2013. When is the price cost margin a safe way to measure changes in competition? De Economist. 161 (1): 45–67.

Deck C & Erkal NE. 2013. An experimental analysis of dynamic incentives to share knowledge. Economic Inquiry. 51 (2): 1622–1639.

Booth A & Van Ours JC. 2013. Part-time jobs: What women want? Journal of Population Economics. 26 (1): 263–283. Borland JI, Tseng Y & Wilkins RK. 2013. Does coordination of welfare services delivery make a difference for extremely disadvantaged jobseekers? Evidence from the ‘YP4’ trial. The Economic Record. 89 (287): 469–489. Calderin EJ & Gomez-Deniz E. 2013. An extension of the discrete Lindley distribution with applications. Journal of the Korean Statistical Society. 42 (3): 371–373. Cameron L, Erkal N, Gangadharan L & Meng X. 2013. Little emperors: Behavioural impacts of China’s One-Child Policy. Science. 339 (6122): 953–957. Cardak BA, Johnston DW & Martin VL. 2013. Intergenerational earnings mobility: A new decomposition of investment and endowment effects. Labour Economics. 24: 39–47. Cerveny J & Van Ours JC. 2013. Unemployment of non-western immigrants in the Great Recession. De Economist. 161 (4): 463–480. Chan JH & Joshi MS. 2013. Fast and accurate long stepping simulation of the Heston Stochastic Volatility Model. The Journal of Computational Finance. 16 (3): 47–97. Chan JH & Joshi MS. 2013. Fast Monte Carlo Greeks for financial products with discontinuous pay-offs. Mathematical Finance. 23 (3): 459–495. Chaudhuri K, Greenwood-Nimmo MJ, Kim M & Shin Y. 2013. On the asymmetric U-shaped relationship between inflation, inflation uncertainty and relative price skewness in the UK. Journal of Money, Credit & Banking. 45 (7): 1431–1449. Chen P & Yam SCP. 2013. Optimal proportional reinsurance and investment with regimeswitching for mean variance insurers. Insurance: Mathematics & Economics. 53 (3): 871–883.

Dickson DCM & Li S. 2013. The distributions of the time to reach a given level and the duration of negative surplus in the Erlang(2) risk model. Insurance: Mathematics & Economics. 52 (3): 490–497. Dixon R & Shepherd D. 2013. Regional dimensions of the Australian business cycle. Regional Studies. 47 (2): 264–281. Ederington J & McCalman PJ. 2013. Technology adoption, government policy and tariffication. Journal of International Economics. 90: 337–347. Edmond CP. 2013. Information, manipulation, coordination and regime change. The Review of Economic Studies. 80: 1422–1458. Engineer M & King IP. 2013. Maximizing human development. Canadian Journal of Economics. 46 (2): 497–525. Fehr E, Herz H & Wilkening TSW. 2013. The lure of authority: Motivation and incentive effects of power. American Economic Review. 103 (4): 1325–1359. Fell JS & Maclaren D. 2013. The welfare cost of Japanese rice policy with home-good preference and an endogenous import price. Australian Journal of Agricultural and Resource Economics. 57 (4): 601–619. Freebairn JW. 2013. Imperfect knowledge and urban water decisions. Economic Papers. 32 (1): 32–40. Gomez-Deniz E, Calderin Ojeda EJ & Sarabia J. 2013. Gamma-generalized inverse Gaussian class of distributions with applications. Communications In Statistics – Theory and Methods. 42 (6): 919–933. Gomez Deniz E & Calderin EJ. 2013. The compound DGL/Erlang distribution in the collective risk model. Revista de Metodos Cuantitativos para la Economia y la Empresa. 16: 121–142. Greenwood-Nimmo MJ & Shin Y. 2013. Taxation and the asymmetric adjustment of selected retail energy prices in the UK. Economics Letters. 121 (3): 411–416.

Halldorson JB, Paarsch HJ, Dodge JL, Segre AM, Lai J & Roberts JP. 2013. Center competition and outcomes following liver transplantation. Liver Transplantation. 19: 96–104. Harrison A, Martin L & Nataraj S. 2013. Learning versus stealing: How important are market-share reallocations to india’s productivity growth? World Bank Economic Review. 27 (1): 202–228. Hong H, Paarsch HJ & Xu P. 2013. On the asymptotic distribution of the transaction price in a clock model of a multi-unit, oral, ascending-price auction within the common-value paradigm. Rand Journal of Economics. 44 (4): 664–685. Hubbard T, Kirkegaard R & Paarsch HJ. 2013. Using economic theory to guide numerical analysis: Solving for equilibria in models of asymmetric first-price auctions. Computational Economics. 42 (2): 241–266. Jin Z, Yang H & Yin G. 2013. Numerical methods for optimal dividend payment and investment strategies of regime-switching jump diffusion models with capital injections. Automatica. 49 (8): 2317–2329. Jin Z & Yin G. 2013. Numerical methods for optimal dividend payment and investment strategy for Markov-modulated jump diffusion models with regular and singular controls. Journal of Optimization Theory and Applications. 159 (1): 246–271. Jin Z, Yin G & Wu F. 2013. Optimal reinsurance strategies in regime-switching jump diffusion models: Stochastic differential game formulation and numerical methods. Insurance: Mathematics & Economics. 53 (3): 733–746.

FACULTY OF BUSINESS AND ECONOMICS

Appendix E: Research publications Continued

Johnston D, Nicholls M, Shah M & Shields M. 2013. Handedness, health and cognitive development: Evidence from children in the National Longitudinal Survey of Youth. Journal of the Royal Statistical Society – Series A: Statistics in Society. 176 (4): 841–860. Kannai Y & Raimondo RC. 2013. Quasi-analytic solutions of linear parabolic equations. Journal d’Analyse Mathematique. 119 (1): 115–145. Kawakami K. 2013. Conditional forecast selection from many forecasts: An application to the Yen/ Dollar exchange rate. Journal of the Japanese and International Economies. 28 (1): 1–18. Killackey E, Allott K, Cotton SM, Jackson H, Scutella R, Tseng Y-P, Borland J, Proffitt T, Hunt S, Kay-Lambkin F, Chinnery GL, Baksheev G, AlvarezJimenez M & McGorry PD. 2013. A randomized controlled trial of vocational intervention for young people with first-episode psychosis: Method. Early Intervention in Psychiatry. 7 (3): 329–337. Lee K, Olekalns N & Shields K. 2013. Meta Taylor rules for the UK and Australia: Accommodating regime uncertainty in monetary policy analysis using model averaging methods. Manchester School. 81 (S3): 28–53.

Macneill K, Lye J & Caulfield P. 2013. Politics, reviews and support for the arts: An analysis of government expenditures on the arts in Australia from 1967 to 2009. Australian Review of Public Affairs. 12 (1): 1–19.

Yao H, Yang Z & Chen P. 2013. Markowitz’s mean variance defined contribution pension fund management under inflation: A continuous-time model. Insurance: Mathematics & Economics. 53 (3): 851–863.

McCalman PJ & Spearot A. 2013. Why trucks jump: Offshoring and product characteristics. Journal of International Economics. 91 (1): 82–95.

Journal articles unrefereed Ahsan RN. 2013. For the student: Offshoring and wages. Australian Economic Review. 46 (1): 110–118.

McCorriston S & MacLaren D. 2013. Domestic and trade equivalences of state trading importers. Review of International Economics. 21 (5): 1006–1020. McCorriston S & MacLaren D. 2013. Redistribution, state trading enterprises and ‘politically optimal’ tariffs. Canadian Journal of Economics. 46 (4): 1351–1379. McDonald I, Nikiforakis N, Olekalns N & Sibly H. 2013. Social comparisons and reference group formation: Some experimental evidence. Games and Economic Behavior. 79: 75–89. Mirrlees J & Raimondo R. 2013. Strategies in the principal–agent model. Economic Theory. 53 (3): 605–656.

Li S. 2013. Optimal lending contracts with long run borrowing constraints. Journal of Economic Dynamics and Control. 37 (5): 964–983.

Ohinata A & Van Ours JC. 2013. How immigrant children affect the academic achievement of native Dutch children. The Economic Journal. 123 (570): F308–F331.

Li S, Huang F & Jin C. 2013. Joint distributions of some ruin related quantities in the compound binomial risk model. Stochastic Models. 29 (4): 518–539.

Panza L. 2013. Globalization and the Near East. A study of cotton market integration in Egypt and Western Anatolia. The Journal of Economic History. 73 (3): 847–872.

Li S & Lu Y. 2013. On the generalized GerberShiu function for surplus processes with interest. Insurance: Mathematics & Economics. 52 (2): 127–134.

Picchio M & Van Ours JC. 2013. Retaining through training even for older workers. Economics of Education Review. 32 (1): 29–48.

Li S & Ren J. 2013. The maximum severity of ruin in a perturbed risk process with Markovian arrivals. Statistics and Probability Letters. 83 (4): 993–998.

Poskitt S & Skeels CL. 2013. Inference in the presence of weak instruments: A selected survey. Foundations and Trends in Econometrics. 6 (1): 1–99.

Li S & Sendova K. 2013. The finite-time ruin probability under the compound binomial risk model. European Actuarial Journal. 3 (1): 249–271.

Staub KE & Winkelmann R. 2013. Consistent estimation of zero-inflated count models. Health Economics. 22 (6): 673–686.

Liu Q, Pitt D, Wang Y & Wu X. 2013. Survival analysis of left truncated income protection insurance data. Asia-Pacific Journal of Risk and Insurance. 7 (1): 6.

Van Der Klaauw B & Van Ours JC. 2013. Carrot and stick: How re-employment bonuses and benefit sanctions affect exit rates from welfare. Journal of Applied Econometrics. 28 (2): 275–296.

Loertscher S. 2013. Rock–scissors–paper and evolutionarily stable strategies. Economics Letters. 118 (3): 473–474.

Van Ours JC, Williams J, Fergusson D & Horwood J. 2013. Cannabis use and suicidal ideation. Journal of Health Economics. 32 (3): 524–537. Wu X. 2013. Equilibrium distributions of discrete phase type. Stochastic Models. 29 (2): 240–257.

Williams J. 2013. The truth about cannabis use. Insights: Melbourne Economics and Commerce. 14: 13–19. Journal articles unrefereed, letters or notes Borland J. 2013. Book review: ‘Giving kids a fair chance’, by James J. Heckman (MIT Press, Cambridge, Mass, 2013). The Economic Record. 89 (287): 582–584. Borland JI. 2013. Book review: ‘Australia in the global economy: Continuity and change’, by Barrie Dyster and David Meredith. Australian Economic History Review. 53 (3): 318–320. Borland JI. 2013. Book review: ‘A decent provision: Australian welfare policy, 1870 to 1949, by John Murphy’. Enterprise and Society. 14 (4): 858–860. Cameron L, Erkal N, Gangadharan L & Meng X. 2013. Little emperors pose behavioural challenges. Science. 340 (6130): 272–273. Dickson D. 2013. Book review: ‘Risk modelling in general insurance’, by Roger J Gray and Susan M Pitts (Cambridge University Press, 2012). Annals of Actuarial Science. 7 (2): 345–346. Dixon R. 2013. Book review: ‘On Skidelsky’s Keynes and other essays’ and ‘The making of a post-Keynesian economist’, by GC Harcourt. Economic and Labour Relations Review. 24 (3): 458–460. McDonald IM. 2013. The measurement of wellbeing: Introduction. Australian Economic Review. 46 (1): 59–61. Major reports and working papers Artemov G. 2013. An impossibility result for virtual implementation with status quo. New York, United States: Social Science Electronic Publishing. Byrne D. 2013. Testing models of differentiated products markets: Consolidation in the cable TV industry. Philadelphia, United States: SSRN Electronic Paper Collection.

ANNUAL REPORT 2013, OUTLOOK 2014

Kalb GR & Van Ours JC. 2013. Reading to young children: A head-start in life? Report No 17/13, for DEECD. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Magesan A & Swee E. 2013. Is happiness really a warm gun? The political consequences of US weapons sales. Melbourne, Australia: Social Science Research Network. Panza L & Williamson J. 2013. Did Muhammad Ali foster industrialisation in early 19th Century Egypt? London, United Kingdom: Centre for Economic Policy Research. Minor reports and working papers Artemov G. 2013. A trench war, a Fabian strategy and the siege of Troy. Report No 2211902. New York, United States: Social Science Electronic Publishing. Edmond CP. 2013. Non-Laplacian beliefs in a global game with noisy signalling. Melbourne, Australia: Department of Economics, The University of Melbourne. Freebairn JW & Corden WM. 2013. Vision versus prudence: Government debt financing of investment. Report No 30/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Hirschberg JG & Lye JN. 2013. Gambling with stimulus payments: Feeding gaming machines with federal dollars. Report No 1166. Melbourne, Australia: Department of Economics, The University of Melbourne. Karunarathne PD & Gibson J. 2013. Financial literacy and remittance behaviour of skilled and unskilled immigrant groups in Australia. Report No 1170. Melbourne, Australia: Department of Economics, The University of Melbourne.

FINANCE Authored research books O’Collins M & Coleman L. 2013. Last of the lands we know: Recollections of the life and times of Maev O’Collins. Australia: Connor Court Publishing. Research book chapters Akyol AC & Cohen L. 2013. Who chooses board members? In John K, Makhija A & Ferris S (eds), Advances in financial economics: Volume 16. London, United Kingdom: Emerald Group Publishing Ltd, pp. 43–75. Coleman L. 2013. Motivation in betting markets: Speculation, calculus, or fun? In Vaughan Williams L & Siegel D (eds), The Oxford handbook of the economics of gambling. New York, United States: Oxford University Press, pp. 474–486. Comerton-Forde CA. 2013. Current issues in market design. In Baker K & Kiymaz H (eds), Market microstructure in emerging and developed markets. New York, United States: John Wiley & Sons, pp. 177–198.

Chan HW, Faff R, Khan A & Mather P. 2013. Exploring the moderating role of growth options on the relation between board characteristics and management earnings forecasts. Corporate Governance: An International Review. 21 (4): 314–333. Chan HW, Lu Y & Zhang HF. 2013. The effect of financial constraints, investment policy, product market competition and corporate governance on the value of cash holdings. Accounting and Finance. 53 (2): 339–366. Daglish T & Moore LC. 2013. The valuation of equity futures on the Tokyo Stock Exchange: 1920–1923. Journal of Futures Markets. 33 (7): 601–628. Docherty P, Chan HW & Easton S. 2013. Australian evidence on the implementation of the size and value premia. Accounting and Finance. 53 (2): 367–391. Docherty P, Chan HW & Easton S. 2013. Can we treat empirical regularities as state variables in the ICAPM? Evidence from Australia. Pacific-Basin Finance Journal. 22: 107–124.

Journal articles refereed Aharoni G, Grundy BD & Zeng Q. 2013. Stock returns and the Miller Modigliani valuation formula: Revisiting the Fama French analysis. Journal of Financial Economics. 110 (2): 347–357.

Easton S, Pinder S & Uylangco K. 2013. A case study of short-sale constraints and limits to arbitrage. Journal of Banking & Finance. 37 (10): 3924–3929.

Akyol AC & Foo CC. 2013. Share repurchase reasons and the market reaction to actual share repurchases: Evidence from Australia. International Review of Finance. 13 (1): 1–37. Akyol AC & Verwijmeren P. 2013. Human capital costs, firm leverage, and unemployment rates. Journal of Financial Intermediation. 22 (3): 464–481.

Li S, Perera R & Shields K. 2013. Misspecification, identification or measurement? Another look at the price puzzle. Report No 1169. Parkville, Australia: University of Melbourne.

Braggion F & Moore LC. 2013. How insiders traded before rules. Business History. 55 (4): 565–584.

Mayraz G. 2013. Wishful thinking. Melbourne, Australia: Department of Economics, The University of Melbourne.

Burnett J, Davis KT, Murawski C, Wilkins RK & Wilkinson N. 2013. Measuring retirement savings adequacy in Australia. JASSA. 4: 28–35.

Davis KT. 2013. Bank governance: What do we know, what should we do? In Mayes DG & Wood G (eds), Reforming the governance of the financial sector. United Kingdom: Routledge, pp. 107–132.

Kawakami K. 2013. Optimal Market Size. Report No 1168. Melbourne, Australia: Department of Economics, The University of Melbourne.

Lloyd PJ & MacLaren D. 2013. Relative assistance to agriculture and manufacturing since Federation. Report No 1173. Melbourne, Australia: Department of Economics, The University of Melbourne.

Braggion F & Moore LC. 2013. The economic benefits of political connections in Late Victorian Britain. The Journal of Economic History. 73 (1): 142–176. Brown CA, Handley JC & Palmer K. 2013. A closer look at barrier exchange options. Journal of Futures Markets. 33 (1): 23–43. Brown S, Grundy BD, Lewis C & Verwijmeren P. 2013. Hedge fund involvement in convertible securities. Journal of Applied Corporate Finance. 25 (4): 60–74.

Elliott G, Gargano A & Timmermann A. 2013. Complete subset regressions. Journal of Econometrics. 177 (2): 357–373. Gibson R & Murawski C. 2013. Margining in derivatives markets and the stability of the banking sector. Journal of Banking & Finance. 37 (4): 1119–1132. Gong N & Jones KD. 2013. Bailouts, monitoring, and penalties: An integrated framework of government policies to manage the too-big-to-fail problem. International Review of Finance. 13 (3): 299–325. Hanlon D & Pinder S. 2013. Capital gains tax, supply-driven trading and ownership structure: Direct evidence of the lock-in effect. Accounting and Finance. 53 (2): 419–439. Kofman P & Nini G. 2013. Do insurance companies possess an informational monopoly? Empirical evidence from auto insurance. Journal of Risk and Insurance. 80 (4): 1001–1026.

FACULTY OF BUSINESS AND ECONOMICS

Appendix E: Research publications Continued

Koropp C, Grichnik D & Gygax AF. 2013. Succession financing in family firms. Small Business Economics. 41 (2): 315–334. Mirbagheri N, Dark JG & Skinner S. 2013. Factors predicting stomal wound closure infection rates. Techniques in Coloproctology. 17 (2): 215–220. Nguyen Thi Lan H. 2013. Barriers to and facilitators of female deans’ career advancement in higher education: An exploratory study in Vietnam. Higher Education. 66 (1): 123–138. Pinnuck ML & Shekhar C. 2013. The profit versus loss heuristic and firm financing decisions. Accounting Organizations and Society. 38 (6–7): 420–439. Journal articles unrefereed, letters or notes Davis K. 2013. Book review: ‘The bankers’ new clothes’, by Anat Admati and Martin Hellwig (Princeton University Press, Princeton, 2013). The Economic Record. 89 (287): 576–577. Full written papers refereed Chang X, Shekhar C, Tam LHK & Yao J. 2013. The information role of advisors in mergers and acquisitions: Evidence from acquirers hiring target’s ex-advisors. 2013 FMA Annual Meeting Program. United States Financial Management Association International.

MANAGEMENT AND MARKETING Revised books Schiffman L, O’Cass A, Paladino A & Carlson J. 2013. Consumer behaviour. 6th ed. Frenchs Forest, Australia: Pearson Publishing Service. Research book chapters Gruner RL, Power DJ & Bergey PK. 2013. Leveraging social media technology for business transformation: The case of corporate social communities. In Bondarouk T & Olivas-Lujan M (eds), Social media in strategic management (Advanced Series in Management). London, United Kingdom: Emerald Group Publishing Ltd, pp. 27–42. Koehler T, Fischlmayr I, Lainema T & Saarinen E. 2013. Bringing the world into our classrooms: The benefits of engaging students in an international business simulation. In Wankel C & Blessinger P (eds), Increasing student engagement and retention using classroom technologies: Classroom response systems and mediated discourse technologies. London, United Kingdom: Emerald Group Publishing Ltd, pp. 163–198. Orazi D & Turrini A. 2013. Public sector leadership: A matter of style. In De Vries MSDV & Bouckaert GB (eds), Training for leadership. Brussels, Belgium: Bruylant, pp. 39–49.

Neyland J, Shekhar C & Yang M. 2013. Are you paying too much? An analysis of target termination fee provisions in mergers and acquisitions. 2013 FMA Annual Meeting Program. United States Financial Management Association International.

Power DJ. 2013. Comparing pre- and post-Internet technologies for the management of the supply chain: A technology acceptance model view. In Ran B (ed), Global perspectives on technological innovation. Greenwich, United States: Information Age Publishing, pp. 1–30.

Minor reports and working papers Berkman H, McKenzie MD & Verwijmeren P. 2013. Hole in the wall: Informed short selling ahead of private placements. Report No TI 13-153 /IV/ DSF 62. Amsterdam, Netherlands: Tinbergen Institute/ Duisenberg School of Finance.

Rimmer PJ & Dick HW. 2013. The historical dimension. In Acuto M & Steele W (eds), Global city challenges: Debating a concept, improving the practice. Basingstoke, United Kingdom: Palgrave Macmillan, pp. 63–87.

Korteweg AG, Kraussl R & Verwijmeren P. 2013. Does it pay to invest in art? A selection-corrected returns perspective. Report No 2013/18. Frankfurt, Germany: Center for Financial Studies.

Simpson D & Power DJ. 2013. Aligning goals and outcomes in sustainable supply chain management. In Lindgreen A, Maon F, Vanhamme J & Sen S (eds), Sustainable value chain management: A research anthology. Surrey, United Kingdom: Gower Publishing Company, pp. 113–123. Singh PJ & Burgess K. 2013. Changing academic context. In Harland C, Nassimbeni G & Schneller E (eds), The SAGE Handbook of strategic supply management. London, United Kingdom: Sage Publications, pp. 12–47.

Verhezen P. 2013. ‘Do as the Romans do in Rome’? A ‘pragmatic’ corporate governance perspective beyond ethical relativism in Asian emerging economies. In Rothlin & Haghirian (eds), Dimensions of teaching business ethics in Asia. Berlin, Germany: Springer Verlag, pp. 91–104. Verhezen P. 2013. Managerial wisdom in corporate governance: The (ir)relevance of accountability and responsibility at corporate boards. In Thompson MJ & Bevan D (eds), Wise management in organisational complexity. United Kingdom: Palgrave Macmillan, pp. 198–216. Book chapters other Ashkanasy SN, Mol JM & Quintane E. 2013. Innovating Sony’s killzone: Respawning or missing in action? In Mcshane L, Olekalns M & Travaglione T (eds), Organisational behaviour: Emerging knowledge. Sydney, Australia: McGraw-Hill Australia, pp. 237–238. Quintane E & Mol JM. 2013. Sony’s move into music. In Mcshane L, Olekalns M & Travaglione T (eds), Organisational behaviour: Emerging knowledge. Sydney, Australia: McGraw-Hill Australia, pp. 504–505. Case studies Mol JM & Quintane E. 2013. Payola scandal at Sony Music. In Mcshane L, Olekalns M & Travaglione T (eds), Organisational behaviour: Emerging knowledge. Sydney, Australia: McGraw-Hill Australia, p. 32. Mol JM & Quintane E. 2013. The creation of Sony. In Mcshane L, Olekalns M & Travaglione T (eds), Organisational behaviour: Emerging knowledge. Sydney, Australia: McGraw-Hill Australia, p. 408. Journal articles refereed Bagot K, Bove LL, Masser B, Bednall T & Buzza B. 2013. Perceived deterrents to being a plasmapheresis donor in a voluntary, nonremunerated environment. Transfusion. 53 (5): 1108–1119. Bednall TC, Bove LL, Cheetham A & Murray AL. 2013. A systematic review and meta-analysis of antecedents of blood donation behavior and intentions. Social Science & Medicine. 96: 86–94. Bhakoo V & Choi T. 2013. The iron cage exposed: Institutional pressures and heterogeneity across the healthcare supply chain. Journal of Operations Management. 31 (6): 432–449.

ANNUAL REPORT 2013, OUTLOOK 2014

Bhattacharya A, Singh PJ & Bhakoo V. 2013. Revisiting the outsourcing debate: Two sides of the same story. Production Planning and Control. 24 (4-5): 399–422.

Gahan P & Pekarek A. 2013. Social movement theory, collective action frames and union theory: A critique and extension. British Journal of Industrial Relations. 51 (4): 754–776.

Bosua R, Gloet MB, Kurnia S, Mendoza A & Yong J. 2013. Telework, productivity and wellbeing: an Australian perspective. Telecommunications Journal of Australia. 63 (1): 1–12.

Goulding C, Shankar A & Canniford R. 2013. Learning to be tribal: Facilitating the formation of consumer tribes. European Journal of Marketing. 47 (5): 813–832.

Bove LL & Pervan SJ. 2013. Stigmatized labour: An overlooked service worker’s stress. Australasian Marketing Journal. 21 (4): 259–263.

Guay RP, Oh I, Choi D, Mitchell MS, Mount MK & Shin K. 2013. The interactive effect of conscientiousness and agreeableness on job performance dimensions in South Korea. International Journal of Selection and Assessment. 21 (2): 233–238.

Canniford R & Karababa E. 2013. Partly primitive: Discursive constructions of the domestic surfer. Consumption, Markets and Culture. 16 (2): 119–144. Canniford R & Shankar A. 2013. Purifying practices: How consumers assemble romantic experiences of nature. Journal of Consumer Research. 39 (5): 1051–1069. Coker BL. 2013. Workplace Internet leisure browsing. Human Performance. 26 (2): 114–125. Coker BL. 2013. Antecedents to website satisfaction, loyalty, and word-of-mouth. Journal of Information Systems and Technology Management. 10 (2): 209–218. Coker BL & Nagpal A. 2013. Building-up versus paring-down: Consumer responses to recommendations when customizing. Journal of Retailing. 89 (2): 190–206. Cregan C. 2013. Does workplace industrial action increase trade union membership? An exchange relationship approach to union joining and leaving behaviour. International Journal of Human Resource Management. 24 (17): 3363–3377. Cregan C, Kulik C & Salinger D. 2013. The effects of age and drug dependency on the emotional exhaustion and job satisfaction of adult streetworkers in Australia. Archives of Sexual Behavior: An interdisciplinary research journal. 42 (5): 851–861. Edwards BD, Warren CR, Tubre TC, Zyphur MJ & Hoffner-Prillaman R. 2013. The validity of narcissism and driving anger in predicting aggressive driving in a sample of young drivers. Human Performance. 26 (3): 191–210. Fahey C & Sammartino A. 2013. Work and wages at a Melbourne factory, the Guest Biscuit Works 1870–1921. Australian Economic History Review. 53 (1): 22–46. Ford D & Paladino A. 2013. Enabling innovation through strategic synergies. Journal of Product Innovation Management. 30 (6): 1058–1072.

Hardy C. 2013. Treading fine lines. Journal of Management Inquiry. 22 (4): 451–456.

Josiassen A, Lukas BA, Whitwell GJ & Assaf AG. 2013. The halo model of origin images: Conceptualisation and initial empirical test. Journal of Consumer Behaviour: An international research review. 12 (4): 253–266. Kulik C, Cregan C & Bainbridge H. 2013. I feel your pain: The moderating effect of care recipient health on the relationship between work hours and care recipient and caregiver psychological outcomes. Analyses of Social Issues and Public Policy. 13 (1): 114–136. Lin D, Lee CKM & Ho W. 2013. Multi-level genetic algorithm for the resource-constrained re-entrant scheduling problem in the flow shop. Engineering Applications of Artificial Intelligence. 26 (4): 1282–1290.

Harzing A. 2013. Document categories in the ISI Web of Knowledge: Misunderstanding the social sciences? Scientometrics. 94 (1): 23–34.

Lukas B, Whitwell G & Heide JB. 2013. Why do customers get more than they need? How organizational culture shapes product capability decisions. Journal of Marketing. 77 (1): 1–12.

Harzing A. 2013. A preliminary test of Google Scholar as a source for citation data: A longitudinal study of Nobel Prize winners. Scientometrics. 94 (3): 1057–1075.

Maguire S & Hardy C. 2013. Organizing processes and the construction of risk: A discursive approach. Academy of Management Journal. 56 (1): 231–255.

Harzing A & Pudelko M. 2013. Language competencies, policies and practices in multinational corporations: A comprehensive review and comparison of Anglophone, Asian, Continental European and Nordic MNCs. Journal of World Business. 48 (1): 87–97.

Merrett DT. 2013. The Australian bank crashes of the 1890s revisited. Business History Review. 87 (3): 407–429.

Harzing A & Metz I. 2013. Practicing what we preach: The geographic diversity of editorial boards. Management International Review. 53 (2): 169–187. Harzing A, Reiche BS & Pudelko M. 2013. Challenges in international survey research: A review with illustrations and suggested solutions for best practice. European Journal of International Management. 7 (1): 112–134. Homburg C, Furst A, Ehrmann T & Scheinker E. 2013. Incumbents’ defense strategies: a comparison of deterrence and shakeout strategy based on evolutionary game theory. Journal of the Academy of Marketing Science. 41 (2): 185–205. Homburg C, Stierl M & Bornemann T. 2013. Corporate social responsibility in business-tobusiness markets: How organizational customers account for supplier corporate social responsibility engagement. Journal of Marketing. 77 (6): 54–72. Hu W & Ali P. 2013. Board committees and IPO survival: An empirical analysis. Company and Securities Law Journal. 31 (1): 49–55.

Merrett DT & Ville S. 2013. Institution building and variation in the formation of the Australian wool market. Australian Economic History Review. 53 (2): 146–166. Mooi E & Gilliland I. 2013. How contracts and enforcement explain transaction outcomes. International Journal of Research in Marketing. 30 (4): 395–405. Mourali M & Nagpal A. 2013. The powerful select, the powerless reject: Power’s influence in decision strategies. Journal of Business Research. 66 (7): 874–880. Nand AA, Singh PJ & Power DJ. 2013. Testing an integrated model of operations capabilities: An empirical study of Australian airlines. International Journal of Operations and Production Management. 33 (7): 887–911. Nyilasy G, Canniford R & Kreshel PJ. 2013. Ad agency professionals’ mental modes of advertising creativity. European Journal of Marketing. 47 (10): 1691–1710. Orazi D, Turrini AT & Valotti GV. 2013. Public sector leadership: New perspectives for research and practice. International Review of Administrative Sciences. 79 (3): 486–504.

FACULTY OF BUSINESS AND ECONOMICS

Appendix E: Research publications Continued

Ota M, Hazama Y & Samson DA. 2013. Japanese innovation processes. International Journal of Operations and Production Management. 33 (3): 275–295.

Tierney J & Cregan C. 2013. A blueprint for union revival? Strategy and structure in a successful organising union. E-Journal of International and Comparative Labour Studies. 2 (2): 55–69.

Jelinek M & Bergey PK. 2013. Innovating beyond the firm: Managing technical professionals in relational networks. IEEE Engineering Management Review. 41 (1): 13–19.

Paladino A & Ng S. 2013. An examination of the influences on ‘green’ mobile phone purchases among young business students: An empirical analysis. Environmental Education Research. 19 (1): 118–145.

Tierney J & Cregan C. 2013. Strategy and structure in a successful organising union: The transformational role of branch secretaries in the Australian Nursing Federation, Victorian Branch, 1989–2009. Labour History: A Journal of Labour and Social History. 104: 149–168.

Jelinek M & Bergey PK. 2013. Innovation as the strategic driver of sustainability: Big data knowledge for profit and survival. IEEE Engineering Management Review. 41 (2): 14–22.

Phipps M, Ozanne L, Luchs M, Subrahmanyan S, Kapitan S, Catlin J, Gau R, Walker Naylor R, Rose R, Simpson B & Weaver T. 2013. Understanding the inherent complexity of sustainable consumption: A social cognitive framework. Journal of Business Research. 66 (8): 1227–1234.

Trenholm S & Ferlie E. 2013. Using complexity theory to analyse the organisational response to resurgent tuberculosis across London. Social Science & Medicine. 93: 229–237.

Quintane E, Pattison PE, Robins GL & Mol JM. 2013. Short- and long-term stability in organizational networks: Temporal structures of project teams. Social Networks. 35 (4): 528–540.

Tsarenko Y, Ferraro C, Sands S & McLeod CS. 2013. Environmentally conscious consumption: The role of retailers and peers as external influences. Journal of Retailing and Consumer Services. 20 (3): 302–310.

Rahman M, Naz R & Nand AA. 2013. Public sector reforms in Fiji: Examining policy implementation setting and administrative culture. International Journal of Public Administration. 36 (13): 982–995.

Xu D & Meyer KE. 2013. Linking theory and context: ‘Strategy research in emerging economies’ after Wright et al (2005). Journal of Management Studies. 50 (7): 1322–1346.

Sammartino A & Osegowitsch T. 2013. Dissecting home regionalisation: How large does the region loom? Multinational Business Review. 21 (1): 45–64.

Yeoh M & Paladino A. 2013. Prestige and environmental behaviours: Does branding matter? Journal of Brand Management. 20 (4): 333–349.

Sargent LD, Lee M, Martin B & Zikic J. 2013. Reinventing retirement: New pathways, new arrangements, new meanings. Human Relations. 66 (1): 3–21.

Yip J & Ainsworth SA. 2013. ‘We aim to provide excellent service to everyone who comes to church!’: Marketing mega-churches in Singapore. Social Compass: International Review of Sociology of Religion. 60 (4): 503–516.

Scott JA, Ho W & Dey PK. 2013. Strategic sourcing in the UK bioenergy industry. International Journal of Production Economics. 146 (2): 478–490.

Zyphur MJ & Oswald FL. 2013. Bayesian probability and statistics in management research: A new horizon. Journal of Management. 39 (1): 5–13.

Shipton H, Zhou Q & Mooi E. 2013. Is there a global model of learning organisations? An empirical, cross-nation study. International Journal of Human Resource Management. 24 (12): 2278–2298.

Zyphur MJ, Zhang Z, Barsky A & Li WD. 2013. An ACE in the hole: Twin family models for applied behavioural genetics research. Leadership Quarterly. 24 (4): 572–594.

Singh PJ, Chua MWD & Chee-Chuong S. 2013. Deming management method: Subjecting theory to moderating and contextual effects. Quality Management Journal. 20 (3): 41–69.

Journal articles unrefereed Gruner RL, Orazi D & Power DJ. 2013. Global versus local: An exploration on how vertical farms can lead the way to more sustainable supply chains. IEEE Engineering Management Review. 41 (2): 23–29.

Power DJ, Papadis T & Gruner RL. 2013. Technology and the bottom line: Selection and implementation of supply chain management systems. Insights: Melbourne Economics and Commerce. 14: 21–27. Verhezen P & Soebagjo N. 2013. Is there hope for corporate governance in Indonesia? Strategic Review. 3 (3): 67–74. Journal articles unrefereed, letters or notes Canniford R. 2013. Greenwash: Big brands and carbon scams. Journal of Macromarketing. 33 (2): 172–173. Corbett A, Cornelissen J, Delios A & Harley WG. 2013. Strategizing and operating through our values: JMS at 50. Journal of Management Studies. 50 (8): 1349–1357. Full written papers refereed Bhattacharya A & Singh PJ. 2013. Causes of service receiver opportunistic behaviour in outsourcing arrangements. Academy of Management 2013 Annual Meeting Proceedings. United States Academy of Management. Carrington MJ & Neville BA. 2013. Reframing the ethical consumption ‘gap’. Looking Forward, Looking Back: Drawing on the Past to Shape the Future of Marketing – Proceedings of the 16th Biennial World Marketing Congress. Coral Gables, United States Academy of Marketing Science. Gloet MB & Samson DA. 2013. Knowledge management to support systematic innovation capability. Proceedings of the 46th Annual Hawaii International Conference on System Sciences. New Jersey, United States IEEE Press. Gruner RL & Power DJ. 2013. Emergent strategic thinking among small and medium-sized enterprises: The case of standards-based interorganizational systems. Proceedings of the 20th EurOMA Conference. Cambridge, United Kingdom EUROMA.

ANNUAL REPORT 2013, OUTLOOK 2014

Harzing AK, Pudelko M & Reiche S. 2013. Developments in knowledge transfer activities of expatriates and inpatriates. Proceedings of the AIB 2013 Annual Meeting. Quebec, Canada Academy of International Business (AIB). Nand AA & Singh PJ. 2013. Examining the assumptions of the sand-cone model using longitudinal data in the Australian automobile industry. 11th ANZAM Operations, Supply Chain and Services Management Symposium Proceedings. New Zealand, ANZAM. Nand AA & Singh PJ. 2013. Why do firms trade-off or accumulate capabilities? Towards a better explanation. International Decision Sciences Institute & Asia Pacific Decision Sciences Institute Conference Proceedings. Shanghai, China Decision Sciences Institute.

Spry A & Lukas BA. 2013. Brand portfolio strategy and firm performance: The moderating role of generic strategy. Looking Forward, Looking Back: Drawing on the Past to Shape the Future of Marketing – Proceedings of the 16th Biennial World Marketing Congress. Coral Gables, United States Academy of Marketing Science. Tay H, Bhakoo V & Singh PJ. 2013. Conceptualizing redundancy in hospital operations: The key to dynamic balance. Proceedings of the 44th Annual Decision Sciences Institute Conference. Atlanta, United States Decision Sciences Institute. Tay H, Bhakoo V & Singh PJ. 2013. Myriad conceptualizations of redundancy in hospital operations. Proceedings of the 20th Annual International EurOMA Conference. Cambridge, United Kingdom EUROMA.

Orazi D, Dare R & Gruner RL. 2013. Vertical farms: Building leverage into production processes in food consumption choices. ANZMAC 2013 Conference Proceedings. Auckland, University of Auckland Business School.

Yip J & Ainsworth SA. 2013. Individualising the Gospel: Neo-liberalism in mega-church practice. Proceedings of the 38th Annual Macromarketing Conference. Long Beach, United States, The Macromarketing Society, Inc.

Potter BN, Singh PJ & York J. 2013. Corporate social investment through integrated reporting: Critical issues. The 7th Asia Pacific Interdisciplinary Research in Accounting Conference Proceedings. Kobe, Kobe University.

Full written papers unrefereed Bhakoo V. 2013. Opening the black box of impediments to healthcare IOS assimilation: A study of Australian hospitals. Proceedings of the Academy of Management Conference. United States Academy of Management.

Quintane E, Pattison PE, Robins GL & Mol JM. 2013. Short-term and long-term stability in electronic communication networks. Academy of Management Best Paper Proceedings. United States Academy of Management. Rahim MM, Kurnia S, Singh PJ & Samson DA. 2013. A taxonomy of IT usage to support the implementation of environmental sustainable supply chain management practices. Information Systems: Transforming the Future. New York, AISel. Reiche S, Harzing AK & Pudelko M. 2013. The sensitivity of subsidiary knowledge in- and outflows to language proximity. Proceedings of the 73rd Annual Meeting of the Academy of Management. New York, United States Academy of Management. Singh PJ, Nand AA & Bhattacharya A. 2013. Do innovative organisations compete on single or multiple operational capabilites? Proceedings of the 6th ISPIM Innovation Symposium – Innovation in the Asian Century. Trondheim, Norway ISPIM – International Society for Professional Innovation Management.

Goelz M, Osegowitsch T, Sammartino A & Yamao S. 2013. Environmental uncertainty and its impact on decision comprehensiveness, structures, speed and commitment: An investigation in the photovoltaic industry. 13th Annual Conference of the European Academy of Management Proceedings. France EURAM. Orazi D, Lei J & Bove LL. 2013. Scare me to stop: The effectiveness of physical and social fear appeals on different audiences in anti-drink driving campaigns. EMAC 42nd Annual Conference Proceedings. Reykjavik, Iceland. Paladino A & Shah B. 2013. Socialising consumers into social consciousness: Extending the theory of reasoned action. Proceedings of the 4th EMAC Regional Conference. Reykjavik, Iceland EMAC. Shah B & Paladino A. 2013. Examining the role of value co-creation and consumer socialisation in influencing consumers: Recycling behaviours. Australia New Zealand Marketing Academy Conference 2013 Proceedings. Auckland, University of Auckland, Business School.

Yamao S & Sekiguchi T. 2013. English language ability and employees’ commitment to globalization of the firm. Proceedings of the 55th Annual Meeting of the Academy of International Business. East Lansing, Michigan, United States Academy of International Business (AIB). Yamao S & Yoshikawa T. 2013. When a subsidiary loses its status: Towards an identification-based model of host country nationals’ willingness to share knowledge with expatriates. Proceedings of the 55th Annual Meeting of the Academy of International Business. East Lansing, Michigan, United States Academy of International Business (AIB). Major reports and working papers Crilly T, Jashapara A, Trenholm S, Peckman A, Currie G & Ferlie E. 2013. Knowledge mobilisation in healthcare organisations: Synthesising evidence and theory using perspectives of organisational form, resource based view of the firm and critical theory. Report No 09/1002/13, for National Institute for Health Research Service Delivery and Organisation. London, United Kingdom: National Institute for Health Research.

FACULTY OF BUSINESS AND ECONOMICS

Appendix E: Research publications Continued

MELBOURNE INSTITUTE Research book chapters Azpitarte F. 2013. Was economic growth in Australia pro-poor? In Smyth P & Buchanan J (eds), Inclusive growth in Australia: Social policy as economic investment. Crows Nest, Australia: Allen & Unwin, pp. 41–64. Buddelmeyer H. 2013. Social inclusion, education and inclusive growth. In Smyth P & Buchanan J (eds), Inclusive growth in Australia: Social policy as economic investment. Crows Nest, Australia: Allen & Unwin, pp. 157–174. Burkhauser RV, Houtenville A & Tennant J. 2013. Measuring the population with disabilities for policy analysis. In Couch K, Daly M & Zissimopoulos J (eds), Lifecycle events and their consequences: Job loss, family change, and declines in health. Palo Alto, United States: Stanford University Press, pp. 215–239. Greenwood-Nimmo M, Nguyen VH & Shin Y. 2013. Using global VAR models for scenario-based forecasting and policy analysis. In Di Mauro F & Hashem Pesaran M (eds), The GVAR handbook: Structure and applications of a macro model of the global economy for policy analysis. United Kingdom: Oxford University Press, pp. 97–113. Headey BW. 2013. Set-point theory may now need replacing: Death of a paradigm? In David S, Boniwell I & Conley Ayers A (eds), The Oxford handbook of happiness. United Kingdom: Oxford University Press, pp. 887–900. Marks G. 2013. Accounting for the declining impact of class on the vote in Australia. In Evans G & Dirk De Graaf N (eds), Political choice matters: Explaining the strength of class and religious cleavages in cross-national perspective. Oxford, United Kingdom: Oxford University Press, pp. 137–164. Marks G. 2013. Reproduction of economic inequalities: Are the figures for the United States and United Kingdom too high? In Birkelund GE (ed), Comparative social research Volume 30: Class and stratification analysis. London, United Kingdom: Emerald Group Publishing Ltd, pp. 341–363. Williams RA. 2013. System funding and institutional allocation. In Croucher G, Marginson S, Norton A & Wells J (eds), The Dawkins revolution: 25 years on. Carlton, Australia: Melbourne University Press, pp. 91–107.

Book chapters other Burkhauser RV. 2013. Nudged, pushed or mugged: Policies to encourage older workers to retire later. Comment. In Aaron H & Burtless G (eds), Closing the deficit: How much can later retirement help? Washington DC, United States: Brookings Institution Press, pp. 93–100. Flodgren G, Eccles MP, Scott A & Shepperd S. 2013. Financial incentive interventions. In Straus SE, Tetroe J & Graham ID (eds), Knowledge translation in health care: Moving from evidence to practice. United States: Wiley-Blackwell Publishing, pp. 222–226. Journal articles refereed Antecol H & Cobb-Clark DA. 2013. Do psychosocial traits help explain gender segregation in young people’s occupations? Labour Economics. 21: 59–73. Armour P, Burkhauser RV & Larrimore J. 2013. Deconstructing income and income inequality measures: A crosswalk from market income to comprehensive income. American Economic Review. 103 (3): 173–177.

Cheng TC, Joyce CM & Scott A. 2013. An empirical analysis of public and private medical practice in Australia. Health Policy. 111 (1): 43–51. Chua CL, Suardi S & Tsiaplias S. 2013. Predicting short-term interest rates using Bayesian model averaging: Evidence from weekly and high frequency data. International Journal of Forecasting. 29 (3): 7. Cobb-Clark DA & Schurer S. 2013. Two economists’ musings on the stability of locus of control. The Economic Journal. 123 (570): F358–F400. Cobb-Clark DA & Stillman S. 2013. Return migration and the age profile of retirement among immigrants. IZA Journal of Migration. 2 (1): 20. De Rassenfosse G. 2013. Do firms face a trade-off between the quantity and the quality of their inventions? Research Policy. 42 (5): 1072–1079. De Rassenfosse G, Dernis H, Guellec D, Picci L & Van Pottelsberghe De La Potterie B. 2013. The worldwide count of priority patents: A new indicator of inventive activity. Research Policy. 42 (3): 720–737.

Borland JI, Tseng Y & Wilkins RK. 2013. Does coordination of welfare services delivery make a difference for extremely disadvantaged jobseekers? Evidence from the ‘YP4’ trial. The Economic Record. 89 (287): 469–489.

De Rassenfosse G & Van Pottelsberghe De La Potterie B. 2013. The role of fees in patent systems: Theory and evidence. Journal of Economic Surveys. 27 (4): 696–716.

Bosua R, Gloet MB, Kurnia S, Mendoza A & Yong J. 2013. Telework, productivity and wellbeing: An Australian perspective. Telecommunications Journal of Australia. 63 (1): 1–12.

Fok Y, Jeon S & Wilkins RK. 2013. Does parttime employment help or hinder single mothers’ movements into full-time employment? Oxford Economic Papers. 65 (2): 523–547.

Boyce CJ, Wood AM & Powdthavee N. 2013. Is personality fixed? Personality changes as much as ‘variable’ economic factors and more strongly predicts changes to life satisfaction. Social Indicators Research. 111 (1): 287–305.

Fok Y & Mcvicar DT. 2013. Did the 2007 welfare reforms for low income parents in Australia increase welfare exits? IZA Journal of Labor Policy. 2 (3): 1–21.

Burkhauser RV, Daly MC & Lucking BT. 2013. Is Australia one recession away from a disability blowout? Lessons from other Organisation for Economic Co-operation and Development countries. Australian Economic Review. 46 (3): 357–368. Burkhauser RV, Larrimore J & Simon K. 2013. Measuring the impact of valuing health insurance on levels and trends in inequality and how the Affordable Care Act of 2010 could affect them. Contemporary Economic Policy. 31 (4): 779–794. Burnett J, Davis KT, Murawski C, Wilkins RK & Wilkinson N. 2013. Measuring retirement savings adequacy in Australia. JASSA. 4: 28–35.

Garnaut RG. 2013. Twenty-second Colin Clark memorial lecture: Removing climate change as a barrier to economic progress. Economic Analysis and Policy. 43 (1): 31–47. Hahn MH & Haisken-DeNew JP. 2013. Panel Whiz and the Australian longitudinal data infrastructure in economics. Australian Economic Review. 46 (3): 379–386. Hahn MH & Wilkins RK. 2013. Perceived job discrimination in Australia: Its correlates and consequences. Australian Journal of Labour Economics. 16 (1): 43–64.

ANNUAL REPORT 2013, OUTLOOK 2014

Hanel B. 2013. The impact of paid maternity leave rights on labour market outcomes. The Economic Record. 89 (286): 339–366. Headey BW, Muffels R & Wagner G. 2013. Choices which change life satisfaction: Similar results for Australia, Britain and Germany. Social Indicators Research. 112 (3): 725–748. Jensen PH. 2013. Choosing your PhD topic (and why it is important). Australian Economic Review. 46 (4): 499–507. Johnston D, Nicholls M, Shah M & Shields M. 2013. Handedness, health and cognitive development: Evidence from children in the National Longitudinal Survey of Youth. Journal of the Royal Statistical Society – Series A: Statistics in Society. 176 (4): 841–860. Killackey E, Allott K, Cotton SM, Jackson H, Scutella R, Tseng Y-P, Borland J, Proffitt T, Hunt S, Kay-Lambkin F, Chinnery GL, Baksheev G, AlvarezJimenez M & McGorry PD. 2013. A randomized controlled trial of vocational intervention for young people with first-episode psychosis: Method. Early Intervention in Psychiatry. 7 (3): 329–337. Lim GC, Chua CL & Nguyen VH. 2013. Review of the Australian economy 2012: A tale of two relativities. Australian Economic Review. 46 (1): 1–13. Lim GC & McNelis PD. 2013. Alternative government spending rules: Effects on income inequality and welfare. Macroeconomic Dynamics. 17 (7): 1496–1518. Lim G, Tsiaplias SS & Chua CL. 2013. Bank and official interest rates: How do they interact over time? The Economic Record. 89 (285): 160–174. Marks GN. 2013. Evaluating effectively maintained inequality: School and post-school transitions, socioeconomic background, academic ability and curricular placement. Social Science Research. 42 (6): 1635–1649. McVicar DT. 2013. Local level incapacity benefits rolls in Britain: Correlates and convergence. Regional Studies. 47 (8): 1267–1282. McVicar D & Wilkins R. 2013. Explaining the growth in the number of recipients of the Disability Support Pension in Australia. Australian Economic Review. 46 (3): 345–356. Moschion J. 2013. The impact of fertility on mothers’ labour supply in Australia: Evidence from exogenous variation in family size. The Economic Record. 89 (286): 319–338.

Muffels R & Headey BW. 2013. Capabilities and choices: Do they make sense for understanding objective and subjective well-being? An empirical test of Sen’s Capability Framework on German and British panel data. Social Indicators Research. 110 (3): 1159–1185. Nguyen VH & Claus E. 2013. Good news, bad news, consumer sentiment and consumption behaviour. Journal of Economic Psychology. 39: 426–438. Palangkaraya A & Yong J. 2013. Effects of competition on hospital quality: An examination using hospital administrative data. European Journal of Health Economics. 14 (3): 415–429. Polidano C. 2013. Impacts of demand-driven reforms on access to vocational education and training for people with disability. Australian Economic Review. 46 (3): 369–378.

Siciliani L, Sivey P & Street A. 2013. Differences in length of stay for hip replacement between public hospitals, specialised treatment centres and private providers: Selection or efficiency? Health Economics. 22 (2): 234–242. Thomson RK. 2013. Measures of R&D tax incentives for OECD countries. Review of Economics and Institutions. 4 (3). Thomson RK. 2013. National scientific capacity and R&D offshoring. Research Policy. 42 (2): 517–528. Thomson RK & Jensen PH. 2013. The effects of government subsidies on business R&D employment: Evidence from OECD countries. National Tax Journal. 66 (2): 281–310. Thomson RK & Webster EM. 2013. Risk and vertical separation: The case of developing new technology. Oxford Economic Papers. 65 (3): 653–674.

Polidano C, Hanel B & Buddelmeyer H. 2013. Explaining the socio-economic status school completion gap. Education Economics. 21 (3): 230–247.

Thomson R & Webster E. 2013. Innovation and productivity. Australian Economic Review. 46 (4): 483–488.

Powdthavee N & Vernoit J. 2013. Parental unemployment and children’s happiness: A longitudinal study of young people’s well-being in unemployed households. Labour Economics. 24: 253–263.

Tinelli M, Ryan M, Bond C & Scott A. 2013. Valuing benefits to inform a clinical trial in pharmacy: Do differences in utility measures at baseline affect the effectiveness of the intervention? Pharmacoeconomics. 31 (2): 163–171.

Ryan CA. 2013. What is behind the decline in student achievement in Australia? Economics of Education Review. 37: 226–239.

Tsiaplias SS & Chua CL. 2013. A multivariate GARCH model incorporating the direct and indirect transmission of shocks. Econometric Reviews. 32 (2): 244–271.

Schonlau M, Kroh M & Watson N. 2013. The implementation of cross-sectional weights in household panel surveys. Statistics Surveys. 7: 37–57. Scott A, Witt J, Humphreys J, Joyce C, Kalb GR, Jeon S & McGrail M. 2013. Getting doctors into the bush: General practitioners’ preferences for rural location. Social Science & Medicine. 96: 33–44. Scutella R, Johnson G, Moschion J, Tseng Y & Wooden MP. 2013. Understanding lifetime homeless duration: Investigating Wave One findings from the Journeys Home project. Australian Journal of Social Issues. 48 (1): 83–110. Scutella R, Wilkins RK & Kostenko W. 2013. Intensity and persistence of individuals’ social exclusion in Australia. Australian Journal of Social Issues. 48 (3): 273–298.

Watson N & Wooden MP. 2013. Adding a top-up sample to the Household, Income and Labour Dynamics in Australia survey. Australian Economic Review. 46 (4): 489–498. Wilkins R & Wooden M. 2013. Gender differences in involuntary job loss: Why are men more likely to lose their jobs? Industrial Relations: A journal of economy and society. 52 (2): 582–608. Williams RA. 2013. Queen’s College and Australian economics: 1900–1955. History of Economics Review. 58: 44–56. Williams RA, De Rassenfosse G, Jensen PH & Marginson SW. 2013. The determinants of quality national higher education systems. Journal of Higher Education Policy and Management. 35 (6): 599–611.

FACULTY OF BUSINESS AND ECONOMICS

Appendix E: Research publications Continued

Journal articles unrefereed Azpitarte F. 2013. The measurement of poverty using income and wealth: A comparison of multidimensional approaches using US and Spanish data. Papeles de Economia Espanola. 135: 2–18.

Chigavazira AT, Johnson G, Moschion J, Scutella R, Tseng Y & Wooden MP. 2013. Journeys Home Research Report No 2: Findings from Waves 1 and 2. Parkville, Australia: Melbourne Institute of Applied Economic and Social Research.

Minor reports and working papers Buddelmeyer H & Peyton K. 2013. How windfall income increases gambling at poker machines. Report No 1/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Garnaut RG. 2013. For the student: A Chinese perspective on economic development: The views of Justin Yifu Lin. Australian Economic Review. 46 (3): 387–394.

Cobb-Clark DA. 2013. The case for making public policy evaluations public. Report No 1/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Cheng TC, Kalb GR & Scott A. 2013. Public, private or both? Analysing factors influencing the labour supply of medical specialists. Report No 40/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Journal articles unrefereed, letters or notes Greenhalgh C & Webster EM. 2013. The use and abuse of trade marks. Australian Intellectual Property Law Bulletin. 26 (4): 98–99. Major reference works Summerfield M, Freidin SP, Hahn MH, Ittak P, Li N, Macalalad N, Watson SN, Wilkins RK & Wooden MP. 2013. HILDA user manual – release 12. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Major reports and working papers Armour P, Burkhauser RV & Larrimore J. 2013. Levels and trends in United States income and its distribution: A crosswalk from market income towards a comprehensive Haig-Simons income approach. Report No 19110. Cambridge, Massachusetts, United States: National Bureau of Economic Research. Burkhauser RV, Daly MC, McVicar D & Wilkins RK. 2013. Disability benefit growth and disability reform in the US: Lessons from other OECD nations. Report No 2013-40. San Francisco, United States: Federal Reserve Bank of San Francisco. Burkhauser RV, Hahn MH & Wilkins RK. 2013. Measuring top incomes using tax record data: A cautionary tale from Australia. Report No 19121. Cambridge, Massachusetts, United States: National Bureau of Economic Research. Chesters J, Ryan C & Sinning M. 2013. Older Australians and the take-up of new technologies. Canberra, Australia: Commonwealth of Australia. Chesters J, Ryan C & Sinning M. 2013. The returns to literacy skills in Australia. Adelaide, Australia: National Centre for Vocational Education Research.

Cobb-Clark DA & Jha N. 2013. Educational achievement and the allocation of school resources. Report No 7551. Bonn, Germany: Institute for the Study of Labor (IZA). Larrimore J, Burkhauser RV & Armour P. 2013. Accounting for income changes over the great recession (2007–2010) relative to previous recessions: The importance of taxes and transfers. Report No 19699. Cambridge, Massachusetts, United States: National Bureau of Economic Research. Pudney S & Watson SN. 2013. If at first you don’t succeed? Fieldwork effort, panel attrition, and health–employment inferences in BHPS and HILDA. Report No 2/13. Parkville, Australia: Melbourne Institute of Applied Economic and Social Research.

Contoyannis P & Li J. 2013. Family socio-economic status, childhood life-events and the dynamics of depression from adolescence to early adulthood. Report No 11/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Danguy J, De Rassenfosse G & Van Pottelsberghe De La Potterie B. 2013. On the origins of the worldwide surge in patenting: An industry perspective on the R&D–patent relationship. Report No 15/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. De Rassenfosse G, Palangkaraya A & Webster EM. 2013. Do patents shield disclosure or assure exclusivity when transacting technology? Report No 5/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Ryan CA. 2013. Student income support and education and training participation in Australia. Report No 62. Adelaide, Australia: National Centre for Vocational Education Research.

De Rassenfosse G, Schoen A & Wastyn A. 2013. Selection bias in innovation studies: A simple test. Report No 8/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Thomson RK. 2013. The yield of plant variety protection. Report No 6/13. Melbourne, Australia: Intellectual Property Institute of Australia.

Fok Y, Scutella R & Wilkins RK. 2013. The low-pay no-pay cycle: Are there systematic differences across demographic groups? Report No 32/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

Van Den Ven J. 2013. Analysis of pension reform scenarios in a rational world. Sheffield, United Kingdom: Department for Work and Pensions. Wilkins RK. 2013. Families, incomes and jobs, Volume 8: A statistical report on Waves 1 to 10 of the Household, Income and Labour Dynamics in Australia Survey. Parkville, Australia: Melbourne Institute of Applied Economic and Social Research.

Gravelle H, Scott A, Sivey PM & Yong J. 2013. Competition, prices, and quality in the market for physician consultations. Report No 23/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Grilli L, Jensen PH & Murtinu S. 2013. The imprinting of founders’ human capital on entrepreneurial venture growth: Evidence from new technology-based firms. Report No 14/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Hahn MH & Wilkins RK. 2013. Perceived job discrimination in Australia: Its correlates and consequences. Report No 9/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

ANNUAL REPORT 2013, OUTLOOK 2014

Herault N & Azpitarte F. 2013. Understanding changes in progressivity and redistributive effects: The role of tax-transfer policies and labour supply decisions. Report No 33/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Jensen PH, Palangkaraya A & Webster EM. 2013. Trust, incomplete contracts and the market for technology. Report No 3/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Kalb GR & Van Ours JC. 2013. Reading to young children: A head-start in life? Report No 17/13, Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Moschion J & Tabasso D. 2013. Trust of second generation immigrants: Intergenerational transmission or cultural assimilation? Report No 2/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Palangkaraya A. 2013. On the relationship between innovation and export: The case of Australian SMEs. Report No 4/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Powdthavee N, Lekfuangfu WN & Wooden MP. 2013. The marginal income effect of education on happiness: Estimating the direct and indirect effects of compulsory schooling on well-being in Australia. Report No 16/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Thomson RK. 2013. The effectiveness of R&D tax credits: Cross-industry evidence. Report No 18/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research. Wilkins RK. 2013. Evaluating the evidence on income inequality in Australia in the 2000s. Report No 26/13. Melbourne, Australia: Melbourne Institute of Applied Economic and Social Research.

FACULTY OF BUSINESS AND ECONOMICS

APPENDIX F: FACULTY STATISTICS

COURSE ENROLMENTS, 2013 (NUMBER OF STUDENTS) *

Sum of enrolment count

Fee type International students

Australian subsidised

Australian fee-paying

Total enrolments

2535

2503

5069

147

2590

2602

5224

1769

518

175

2462

Masters (Research)

MBA part time & Grad Dip in Bus Admin #

796

Senior Executive MBA

Executive MBA

111

113

Marketing Programs (Grad Dip & Masters)

Other Diploma Programs at MBS

Executive Education Award Programs

Total graduates

1871

1683

221

3775

Total

4461

1715

2823

8999

Course name BA/BCom BCom BCom (Hons) Total undergraduates + Certificates Diplomas Masters (Coursework)

MBA full time

PhD

* Data source: Finance and Planning Group (MIL) + Excludes Bridging Program, Continuing Education, Enabling Course and Study Abroad/Exchange Programs #

All potential candidates for the part-time MBA are enrolled in the Graduate Diploma in Business Administration for the first eight subjects

ANNUAL REPORT 2013, OUTLOOK 2014

TEACHING LOAD, 2000â&#x20AC;&#x201C;2013 * EFTSL

Year

Other than Higher Degree

Higher Degree

Total

2000

3270

230

3500

2001

3418

312

3730

2002

3729

446

4175

2003

3932

587

4519

2004

3969

758

4727

2005

4085

851

4936

2006

4055

994

5049

2007

4235

1208

5443

2008

4528

1319

5847

2009

4729

1097

5826

2010

4546

965

5511

2011

4560

1088

5648

2012

4366

1449

5815

2013

4130

1922

6052

* Equivalent Full-Time Student Load Note: Excludes Bridging Program, Continuing Education, Enabling Course and Study Abroad/Exchange Programs (EFTSL*) Excludes MBS Ltd data, due to the collaboration commencing mid-way through 2013.

FACULTY OF BUSINESS AND ECONOMICS

Appendix F: Faculty statistics Continued

TEACHING AND RESEARCH STAFF BY CATEGORY, 2013 (FTE)

Level