Faculty of Business & Economics Annual Report 2010-2011 by The Faculty of Business and Economics, The University of Melbourne

Annual Report 2010 Outlook 2011

vision The Faculty of Business and Economics at the University of Melbourne aims to provide world class business and economics undergraduate, graduate and executive education and to be renowned for scholarly teaching, excellence in research and the productive exchange of knowledge.

mission The leadership of the Faculty of Business and Economics at the University of Melbourne will be indicated by: 1. a ranking in the top 50 business and economics schools worldwide 2. achieving the highest ranking nationally among schools of business and economics 3. attracting the most talented students and staff to study and work in the Faculty 4. being employersâ&#x20AC;&#x2122; first choice for graduates 5. being an organisationâ&#x20AC;&#x2122;s first choice for executive education 6. providing expert advice on issues critical to the economic and social well-being of communities, enterprises and societies.

b Annual Report 2010 Outlook 2011

Contents Message from the Dean

Faculty of Business and Economics

Structure Governance

4 5

Undergraduate Programs

The Graduate School of Business and Economics

Executive Education

Student Services

Departments in the Faculty

17 18 19 20 21

Accounting and Business Information Systems Economics Finance Management and Marketing Melbourne Institute

Centres in the Faculty

2010 News and Highlights

27 29

Staff distinctions and awards Public lectures in 2010

Research

31 33 41

Research grants awarded in 2010 Research publications PhD Theses completed

Engagement with business and community

Engagement with our students

Global engagement

Exchange partner institutions

Engagement with alumni

Prominent graduates

Thank you to our donors

Academic and professional staff

Appointments and promotions

Statistical tables

Annual Report 2010 Outlook 2011 1

Message from the Dean In 2010, we celebrated an important milestone in the Faculty’s history with the launch of new names for both the Faculty and the Graduate School. On 1 January 2010 our name change became official and 22 February marked a turning point in the history of the Faculty and the University with the official opening of our new building at 198 Berkeley Street, Carlton by the Governor-General of Australia, Her Excellency Ms Quentin Bryce.

The event also launched the new Faculty of Business and Economics and the Graduate School of Business and Economics, the Commerce Opportunity Bursaries, the return of the Sidney Myer Chair of Commerce to the Faculty, the creation of the Business and Economics Board and the endowment of a Chair in Asian Economics and Business by alumnus Dr James Riady. For us, this was much more than just a name change. It is recognition of the fact that our Faculty and Graduate School have a key role to play in contributing to the business and economic strength of the nation, region and world through a commitment to excellence in lifelong learning. Our new direction heralds our intention to engage business, government and the wider community to help us achieve our goals. To this end, in 2010 we created the Business and Economics Board, chaired by Dr Peter Yates, to further strengthen our domestic and international links. We created

2 Annual Report 2010 Outlook 2011

the Melbourne Foundation for Business and Economics to ensure that the brightest minds, regardless of background or prior opportunity will be given the chance to become the business and economic leaders of tomorrow. The new Alumni Council was also formed to foster our valuable networks with alumni. You can read more about this in the Governance section of this report. I am particularly proud of our achievement this year in becoming the first university in Victoria to be conferred accreditation by the Association to Advance Collegiate Business Schools International (AACSB). We are just the second university in Australia to earn both business and accounting accreditation from the AACSB. This accreditation is recognition of the continued hard work the Faculty has done to increase the quality of its educational offerings. It is further confirmation of the Faculty’s position as a dynamic centre for the education of future leaders and researchers.

To achieve both business and accounting accreditation from the AACSB for all our programs is a major achievement and a formal recognition of our commitment to excellence. This enhances our position as a national and global leader in research and teaching in the fields of Business and Economics. It will enable us to further strengthen our relationships with leading international universities and expand the opportunities we can provide to our students. More good news followed this announcement with the release of the Excellence in Research for Australia (ERA) initiative, conducted by the Australian Research Council. The results reflect that not only is the University of Melbourne the bestperforming research university in the country, but we achieved the highest number of 5-star ratings, including top marks for the two big categories of ‘Economics’ and ‘Commerce and Management’. This was also the year the University of Melbourne achieved a ranking of 36th in the world in the Times Higher Education World University rankings, making us the No. 1 ranked university in Australia.

The FBE also played a key role in the University’s ranking as the first and only Australian university to appear in the Top 100 of the Business and Economics subject ranking in the Shanghai Jiao Tong University rankings. Further to this, success in the Australian Research Council funding round continues to both reflect on and build our capacity to bring cutting-edge research into the classroom to make a relevant and dynamic learning experience. Our new economics doctoral program, to be offered for the first time in 2011, is an example of the Faculty’s great capacity to respond to the demands of business and industry and lead the way in business and economics education. The new 4-year program adopts a structure widely acknowledged as international best practice, including both research and coursework and will be the only program of its kind in Australia. Graduates will no longer feel compelled to look to the United States or Europe to receive enhanced economics training. Our economists are ranked amongst the top in Australia and we have developed a doctoral program befitting that rank.

Once again researchers in the Faculty have had outstanding success in the arena of research grants, with a staggering success rate of 64%, well above the average success rate for both the University and the scheme nationally. Academics recognised for their excellence included Professors Cynthia Hardy, Management and Marketing and Mark Wooden, Melbourne Institute, who were appointed as Fellows of the Academy of the Social Sciences in Australia and Associate Professor Neville Norman, Department of Economics, who received the Economic Society of Australia’s Honorary Fellow Award. Please read more about our exceptional academics and research outcomes in the news and research sections of this report. Our outstanding students have continued to make me proud of the quality and dedication not only of those students involved, but of the academic and professional staff who support them. In February, a team from the Faculty of Business and Economics won the prestigious Marshall International Case Competition at the University

Her Excellency Ms Quentin Bryce AC, QC Governor General, Vice-Chancellor Professor Glyn Davis AC, Chancellor Alex Chernov AO QC and Dean, Professor Margaret Abernethy

of Southern California, pitting their wits against teams from 29 business schools around the world for the coveted trophy. In summary, 2010 has been a landmark year in the history of the Faculty. As we move forward into 2011 in partnership with our many friends in business, government and the broader community, I look forward to further cementing our position as a leading business and economics school in the region. The Faculty of Business and Economics has embarked on a journey in new directions, yet our vision remains true to our founder’s goals – that we are a public-spirited University; and our charter now – as in the past – is to improve the economic and social well-being of those around us. I hope you will read this report of our 2010 activities and our goals and plans for 2011 with interest. Margaret A Abernethy Dean Sidney Myer Chair of Commerce

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The Faculty of Business and Economics The Faculty of Business and Economics is one of the worldâ&#x20AC;&#x2122;s leading centres of teaching and research in the core areas of accounting and business information systems, actuarial studies, economics, finance, management and marketing. The Faculty provides undergraduate, graduate and executive education to over 10,000 local and international students. Attracting motivated and high achieving students from around Australia and the world, the Faculty of Business and Economics produces strategic, global thinkers who take on leadership roles in Australia and internationally. Through life-long learning, individuals can continue to develop new skills and knowledge throughout their careers.This in turn benefits organisations through opportunities to recruit from a talented and work-ready pool of graduates.

Structure The Faculty of Business and Economics

The Faculty oversees three academic divisions to deliver our vision of providing world class business and economics undergraduate, graduate and executive education. Undergraduate School

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

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The Graduate School of Business and Economics (GSBE)

Led by Deputy Dean and Director, Professor Gregory Whitwell, the GSBE is the home of graduate programs across the core disciplines and includes the PhD.

Executive Education Programs

Academic Director, Professor Simon Bell and Director of Marketing and Commercial Engagement, Ms Brooke Young draw on the broad resources of the University to ensure that we optimise the opportunities for experienced professionals and industry.

Governance

The Business and Economics Board The Business and Economics Board challenges us to become the leading Business and Economics Faculty and Graduate School in the region and one of the best in the world. It provides curriculum guidance and links us with the developments and needs of the business world and beyond. Board members are comprised of prominent leaders in the business world drawn from the highest levels of business and public life in Australia. Dr Peter Yates continued as Board Chair in 2010. Two new alumni joined the Board in 2010: Dr Lynne Williams and Dr James Riady.

The Melbourne Foundation for Business and Economics The Melbourne Foundation for Business and Economics has been created to provide the support necessary for the Faculty of Business and Economics to innovate and excel in an increasingly competitive marketplace. Philanthropic support increases our capacity to attract talented staff and students, and conduct programs that make vital contributions to education, knowledge and society. The Foundation watches over and stewards any and all gifts which are pledged to the Faculty of Business and Economics. The Foundation ensures any gift you make will be applied for greatest impact in the Faculty at any given time. You can be safe in the knowledge that your support will play a critical role in maintaining the Facultyâ&#x20AC;&#x2122;s stature as a global leader in undergraduate and graduate business and economics education.

Our Faculty has a proud legacy of education, research and innovation. In 2010 we have been particularly focussed on building the appropriate governance to ensure the ongoing success of the Faculty with the creation of the Melbourne Foundation for Business and Economics as well as the Business and Economics Alumni at Melbourne and Alumni Council. Alumni, friends and strong community and industry partnerships will play essential roles in helping us shape tomorrowâ&#x20AC;&#x2122;s leaders and contribute to the social and economic fabric of Australia and the region. The Melbourne Foundation for Business and Economics opens up communication with existing and future donors and creates greater involvement and ownership in the future success of the Faculty. The new Alumni Council will represent all graduates both postgraduate and undergraduate, local and international alumni. This Council is more closely aligned with the Board in terms of its governance ensuring that both the Board and Council work strategically to support the Faculty. I would particularly like to thank Mr Chris Leptos for his tireless work in establishing this Council and also I would also like to congratulate both Chris and The Hon James Short as inaugural Co Chairs. In 2011 our priority as a Board is to advocate on behalf of the Faculty for improved funding for business and economics education and also to assist the Faculty with philanthropic support for creating scholarships and assisting research. Dr Peter Yates Chair, Business and Economics Board and Melbourne Foundation for Business and Economics

Annual Report 2010 Outlook 2011 5

The Business and Economics Board and The Melbourne Foundation for Business and Economics Board Members

Dr Peter Yates (Chair)

Professor Margaret Abernethy

Peter Yates is Chairman of the Peony Capital General Partnership and a director of AIA Australia Ltd, Oceania Capital Partners Ltd and MOKO.mobi. He was previously Managing Director of Oceania Capital Partners, CEO of Publishing and Broadcasting Ltd and, until 2001, worked in the investment banking industry including 15 years with Macquarie Bank. He has also worked for Morgan Stanley in Australia and Booz Allen Hamilton in Tokyo. Dr Yates holds a Doctorate of the University (Murdoch), a Masters degree from Stanford University Graduate School of Business, and a Commerce degree from Melbourne. Dr Yates is also Chairman of the Royal Institution of Australia and the Australian Science Media Centre. He is Deputy Chairman of Asialink and Asia Society AustralAsia Centre; a Board Member of the Australian-Japan Foundation, the Australian Chamber Orchestra, the Royal Children’s Hospital Foundation (Victoria), the Melbourne International Art Festival and The Centre for Independent Studies.

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

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Mr Paul Bassat

Mr Anthony Burgess

Paul Bassat is the Joint CEO and Co-founder of SEEK. Since its establishment in 1997, SEEK has been one of Australia’s fastest growing companies and has been rated as one of Australia’s Best Employers for the past five years. SEEK is publicly listed on the ASX and is part of the benchmark S&P/ ASX 200 index. Mr Bassat has overall responsibility for SEEK’s online employment business in Australia and New Zealand. He is also a director of Zhaopin, one of China’s leading online employment sites, in which SEEK holds a 25% interest. Prior to co-founding SEEK, he spent six years with a leading commercial law firm, where he specialised in corporate law. Mr Bassat holds Bachelor of Laws and Bachelor of Commerce degrees from the University of Melbourne.

Tony Burgess is CEO of Flagstaff Partners Pty Ltd, an independent corporate finance advisory firm. Mr Burgess has 30 years of experience in corporate finance in Melbourne, London and New York and was previously Global Co-head of Mergers & Acquisitions for Deutsche Bank AG, based in London. Mr Burgess holds an MBA (with Distinction) from Harvard Business School (1985) and a Bachelor of Commerce (with First Class Honours) from the University of Melbourne (1981). He is a member of CPA Australia and the Financial Services Institute of Australia. He is a Director of the listed investment company, Diversified United Investments Ltd, and is Vice Chair of St Vincent’s Institute Foundation.

Mr Terrence Campbell AO

Recognised as one of Australia’s pre-eminent brokers, Terry Campbell is the Senior Chairman of Goldman Sachs & Partners Australia Pty Ltd. With more than 50 years experience in Australian securities markets, he has been a leader in the promotion and development of Australian equities on a global basis. Mr Campbell is a director of Djerriwarrh Investment Ltd and AMCIL Ltd and deputy chairman of Australian Foundation Investment Company Ltd. He has a Bachelor of Commerce from the University of Melbourne and attended the Stanford Executive Program at Stanford University. Mr Campbell attended the Annual Meeting of the World Economic Forum in Davos from 1987 to 2007.

Ms Patricia Cross

Mr Peter Gunn

Mr Chris Leptos AM

Patricia Cross is a nonexecutive director of National Australia Bank, JB Were and Qantas Airways Ltd, and is a director of the Murdoch Childrens Research Institute, the Grattan Institute and Methodist Ladies College. Previous positions include a director of Wesfarmers Ltd, Chairman of Qantas Superannuation Ltd, Deputy Chairman of Victoria’s Transport Accident Commission, and a director of AMP Limited and Suncorp-Metway Ltd. Ms Cross was a member of the Financial Sector Advisory Council, the Companies and Securities Advisory Committee, and the Australian Financial Centre Forum. Prior to becoming a professional NED in 1996, Ms Cross worked for 15 years in various senior positions with Chase Manhattan Bank, Banque Nationale de Paris and National Australia Bank in New York, Europe and Australia. Ms Cross holds a Bachelor of Science (Honours) from Georgetown University. She is a Fellow of the Australian Institute of Company Directors, and in 2003 received a Centenary Medal for service to Australian society through the finance industry.

Peter Gunn commenced his career as an interstate linehaul truck-driver, moving on to transport management and logistics. Over some thirty 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, Trustee of the Australian Road Transport Forum, Trustee of the Committee for the Economic Development of Australia, Member of the Australian Logistics Council and Member of the Prime Minister’s Supermarket to Asia Council.

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

Annual Report 2010 Outlook 2011 7

Mr Hugh Morgan AC

Mr Rupert Myer AM

Hugh Morgan is CEO of First Charnock Pty Ltd. Previous positions held include Director of North Broken Hill and Managing Director, then CEO, of Western Mining Corporation. 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; NonExecutive Board Member of the CSIRO; President and Senior Vice-President of the Minerals Council of Australia (formerly Australian Mining Industry Council); ViceChairman and Chairman of The International Council on Metals and the Environment; Executive Committee Member on the International Council on Mining and Metals; Member of the Executive Committee of the Australasian Mineral Industries Research Association; Chairman of the World Gold Council; Member of the Earth Resources Development Council.

Rupert Myer is the Chairman of The Myer Family Company Ltd and a Director of the publicly listed Myer Holdings Ltd, AMCIL Limited & DUI Ltd. He serves as Chairman of the National Gallery of Australia. He also serves as Chairman of Kaldor Public Art Projects, as a Board Member of The Felton Bequests’ Committee and as a Director of JawunIndigenous Corporate Partnerships.

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Dr James Riady

Mr Kevin Wong

James Riady is CEO of the Lippo Group of Companies, which is involved in banking, securities, hotels, property and property development, health care, multi-media, business publications and communications. Dr Riady is the founder and Chairman of the Pelita Harapan Educational Foundation, which operates two universities and 20 k-12 schools. Dr Riady is the Deputy Chairman of the Indonesian General Chamber of Commerce and Industry (Kadin Indonesia), Foundation Member of the World Economic Forum, Switzerland and also a Member of the International Business Council. He was Ambassador at Large and Special Envoy of the President from 19882000 and a member of the Peoples’ Consultative Assembly (MPR) from 1988-2000, both in the Republic of Indonesia. Dr Riady was awarded the Australian Alumni Award for Entrepreneurship in 2008 by the Australian Embassy in Jakarta. He completed his Bachelor of Commerce at the University of Melbourne, and has received a Doctor Honoris Causa from both Ouachita Baptist University and La Trobe University.

Kevin Wong was formerly a Managing Director of JP Morgan, as well as being the Senior Country Officer of JP Morgan Chase for Malaysia, with oversight for all of the company’s Malaysian activities in investment banking, commercial banking and equities. In his 18-year investment banking career with JP Morgan, Mr Wong was primarily involved in corporate advisory and mergers and acquisitions. Prior to his last assignment in Malaysia, he had previously been based in Melbourne, Hong Kong, Singapore and New York. Following Mr Wong’s retirement in 2005, he was appointed the non-executive Chairman of JP Morgan Chase Bank Berhad in Malaysia. Prior to his career in investment banking, he worked in Australia as a chartered accountant and a companies and securities regulator. Mr Wong is a member of the Institute of Chartered Accountants in Australia and holds a Bachelor of Commerce from the University of Melbourne. He is currently a council member of International House at the University of Melbourne.

Professor Greg Whitwell

Greg Whitwell is Deputy Dean and Director of the Faculty’s Graduate School of Business and Economics. As Director of the GSBE he has responsibility for the entire suite of graduate programs and for the overall management of the Graduate Student Centre and associated units. Professor Whitwell was the inaugural Associate Dean (International) in the Faculty, and prior to his present appointment he was Associate Dean (Graduate Studies) and the inaugural Associate Dean (Academic

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

Dr Lynne Williams

Lynne Williams is the Under Secretary for the Department of Treasury and Finance (DTF). Previous to this appointment she was Deputy Secretary, Economic and Financial Policy in DTF, a position she held from August 2006 – March 2010. Starting her career as a labour economist, Dr Williams has worked in the public sector for over 25 years. This has included positions within the (Federal) Bureau of Labour Market Research, the (Federal) Bureau of Immigration, Multicultural and Population Research, the (Federal)

Productivity Commission and the (State) Department of Labour. Dr Williams has degrees in economics from the University of Melbourne, the London School of Economics and Political Science, and a PhD from Monash University. She is a committee member of Athletics International, a Fellow of the Institute of Public Administration Australia (IPAA) and of St Hilda’s College (University of Melbourne), a member of the Australian Institute of Company Directors and of the Economic Society of Australia (Victorian Branch), and sits on the Melbourne University Sport Board.

Annual Report 2010 Outlook 2011 9

10 Annual Report 2010 Outlook 2011

Undergraduate Programs

Overview

The BCom in 2010

At an undergraduate level the Faculty of Business and Economics offers:

The total number of students enrolled in the BCom in 2010, either as a single degree or as a combined degree, was 6,165.

> Bachelor of Commerce > Bachelor of Commerce (Honours)

The Bachelor of Commerce degree is a three-year full-time program. It comprises a core program of five compulsory subjects. Students then must choose a major from one or more of Accounting, Actuarial Studies, Business, Economics, Finance, Management or Marketing. The honours degree is a challenging and rewarding year of additional study, equipping students with research skills and deeper knowledge of their chosen field. Our honours graduates are highly sought within the corporate sector, and many also go on to complete further study at masters or PhD levels within Australia or overseas.

Results of the 2009 Graduate Destination Survey were released in 2010, showing Faculty Bachelor graduates continue to perform well. A snapshot of outcomes were: > Of the Business and Economics

graduates who were available for full-time work, 84% were working full-time > Median annual salary $52,625

(national averages: accounting was $45,000 and economics/ business was $45,000)1. In 2010 the first recipients of the Commerce Opportunity Bursary, Jonathan Yoon and Sandhya Manchikanti commenced their studies in the Bachelor of Commerce. The Commerce Opportunity Bursary is awarded to two students each year with financial or other hardships.

1 Graduate Careers Australia, Gradstats, Number 14 December 2009, Graduate Careers Australia, www.graduatecareers.com.au/ucm/groups/content/documents/document/ gca001225.pdf The national figures are based on Australian resident bachelor degree graduates aged less than 25 years and working in their first full-time job.

The undergraduate programs offered by The Faculty of Business and Economics are led by Professor Paul Kofman, Deputy Dean (Faculty).

Outlook for 2011 Demand for the BCom for commencement in 2011 remained strong and attracted the very brightest of students. In 2011, the Clearly-In Rank for a Commonwealth supported place in the BCom was 94.1 representing the top 6% of students in the state. An increase in the number of offers made â&#x20AC;&#x201C; a total of 804 compared to 746 in 2010 contributed to this slight drop from the 2010 ClearlyIn-Rank of 94.8. This continues to signify a consistently positive market response to quality of the Melbourne Bachelor of Commerce. In 2011 the first Bachelor of Commerce student recipients of two new Faculty scholarships will commence their course. The First in the Family scholarship will be awarded to six students who are the first in their family to attend university. The Copland Scholar Program offers a scholarship and leadership opportunities to high achieving students. The first group of 15 students will commence in 2011.

Annual Report 2010 Outlook 2011 11

The Graduate School of Business and Economics

Overview

Achievements in 2010

The Graduate School of Business and Economics provides business and economics education for recent graduates, for professionals in the early and middle stages of their career and one of the strongest PhD programs in Australia.

The first year under our new name of the Graduate School of Business and Economics has been a great one. Building on the very popular Global Business Practicum subject, which is expanding in 2011 to include Mumbai, we introduced a local version, the Melbourne Business Practicum in 2010. With its projects focussing on the theme of sustainability, the MBP has been a great success in its first year and, to add to the suite, we will be trialling a regional version in rural Victoria in 2011. Each practicum is an intensive subject, with at its heart, a two week in-company team consulting project.

Specialist degrees span the disciplines of Accounting, Actuarial Studies, Business and IT, Economics, Finance, Human Resource Management, International Business, Management and Marketing. Under the leadership of the Director, Professor Gregory Whitwell, the team of professional staff in the GSBE provides a high standard of service and support for students â&#x20AC;&#x201C; including a targeted program of orientation and transition for new students, a comprehensive suite of academic enrichment and professional development activities, support for student groups, as well as the day to day management of student affairs. At the GSBE, students enjoy excellent career outcomes, rewarding classroom experiences and high levels of support for their academic and professional development.

12 Annual Report 2010 Outlook 2011

There were 1,785 graduate students enrolled in coursework and research masters programs in 2010, with 105 students enrolled in PhD programs across varying disciplines. This is an increase from over 1,660 total enrolments in 2009. These students come from Australia and many other countries, and bring with them diverse cultural backgrounds and professional experience. The GSBE continued to use the Graduate Management Admissions Test (GMAT) across most of our programs, while the Graduate

Professor Gregory Whitwell, Deputy Dean and Director (Graduate School of Business and Economics)

Record Examination (GRE) was used specifically for studies with a research component in Economics and Actuarial Studies. These tests provide a consistent and standardised basis for evaluation, and are used in leading business and economics schools throughout the world. The use of the GMAT and the GRE ensure that the Faculty continues to attract staff and students of the highest calibre. The official Course Experience Questionnaire results for 2010 revealed a significant and continuing improvement, most notably on the overall satisfaction scale. The federal governmentâ&#x20AC;&#x2122;s Graduate Destination Survey for 2010 showed that, despite the global financial crisis, the proportion of our graduates in full-time employment was not only high but increasing. This is an important validation of the quality of our students and of the education they receive at the GSBE.

Outlook 2011

Graduate programs

> Master of Applied Finance

An important development in 2010 was our decision to introduce, from 2011, a wide variety of graduate certificates and graduate diplomas to suit those who do not necessarily want to commit to a full masters degree. Three new Graduate Certificate programs were created, in the disciplines of Marketing and Management. These programs were developed to meet perceived needs in these areas, as well as to assist in positioning the GSBE as an attractive part-time study option for local students already working full-time. We will also be introducing in 2011 the new Master of Actuarial Science degree.

The following graduate coursework programs are offered by the Faculty of Business and Economics:

> Master of Commerce (Finance)

> Master of Management

> Master of International Business

> Master of Management

> Postgraduate Certificate in

(Accounting) > Master of Management (Business

Analysis and Systems) > Master of Management

(Economics) > Master of Management (Finance) > Master of Management

(Marketing) > Master of Business & IT > Graduate Certificate in Business

and IT > Graduate Diploma in Business

and IT > Graduate Certificate in Business

Forensics

> Master of Human Resource

Management

Global People Management > Graduate Certificate in

Management > Graduate Diploma in Management > Master of Commerce

(Management) > Master of Commerce (Marketing) > Graduate Certificate in Marketing

Management > Graduate Certificate in

Communication and Customer Strategy The following graduate research programs are offered by the Faculty of Business and Economics:

> Master of Professional Accounting

> PhD in Management & Marketing

> Master of Accounting

> PhD with Coursework (Accounting

> Master of Actuarial Science > Postgraduate Diploma in Actuarial

Science > Master of Economics > Postgraduate Diploma in

Economics > Postgraduate Diploma in Finance > Master of Finance > Postgraduate Diploma in Finance > Postgraduate Certificate in

Applied Finance

and Business Information Systems) > Master of Commerce by Thesis

(in the area of Actuarial Studies) > PhD by Thesis (in the area of

Actuarial Studies) > PhD with Coursework (Economics) > PhD with Coursework (Melbourne

Institute) > PhD with Coursework (Finance)

www.gsbe.unimelb.edu.au

Annual Report 2010 Outlook 2011 13

Executive Education

Overview

Achievements in 2010

During 2010 we developed and delivered customised executive education programs in many areas of professional and technical education, with academic input from multiple departments. These executive education programs ranged from those that were:

During 2010, clients for Executive Education included organisations from the banking sector, accounting industry, higher education and State Government. A new specialist executive education program was launched in Supply Chain Management. The program is aimed at developing the next generation of supply chain leaders across and outside Australia and was designed in close collaboration with industry leaders and practitioners. Its content and processes are innovative in covering key strategic issues and opportunities faced by supply chain managers.

> Co-branded with a corporate

client > Accessible to a single corporate

entity (non public) > Incorporating content that is

kept from the public domain (commercial in confidence and confidential data) > Delivered in the workplace, both

domestically and internationally > Accessible to clients through

an approved recognition of professional experience pathway > Delivered and assessed in

languages other than English.

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Outlook 2011 Our goal in 2011 is to help experienced professionals reach new levels of leadership within their careers and expand partnerships for executive education. The Faculty and Graduate School can provide unparalleled opportunities for business success by providing exclusive access to the talent, thought-leadership and worldclass reputation of the University. We have a suite of open programs for executives that can be taken individually or as a Specialist Certificate in Executive Leadership including advanced topics in governance, risk management, strategy and marketing.

A key component of our mission is to deliver executive education programs.These programs are designed to help individuals continue to expand their leadership abilities and keep up to date with the latest ideas. Executive education is used by organisations to support and nurture talent and develop, challenge and retain future leaders through award and nonaward programs. The ability to take executive education offerings in bite-sized chunks in our open or custom programs allows access to cutting-edge ideas without the commitment of a two-year masters program. It is often in the executive education classroom where an individualâ&#x20AC;&#x2122;s passion for study is rekindled.

Professor Simon Bell, Chair of Marketing and Academic Director of Executive Education

Student Services Our world-leading student services prepare both undergraduate and graduate students to realise their potential as global leaders.

Student centres The Commerce Student Centre for undergraduate students and the Graduate School of Business and Economics Student Centre continue to provide high-quality service to students. As part of a ‘mystery shopper’ exercise the University commissioned across its service centres, the undergraduate and GSBE Student Centres ranked numbers one and three respectively. The student centres provide a comprehensive range of services, such as administrative and transactional services, course planning advice and graduate study advice, study abroad, exchange, volunteering and community engagement activities, and referral to specialist services.

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

Business and Economics Careers Centre The Business and Economics Careers Centre (BECC) plays an important role in ensuring that graduates are able to maximise their career opportunities while engaged in study and upon completion of their degrees. The BECC provides tailored support services for students of the Graduate School of Business and Economics, as well as engagement opportunities to employer and industry organisations. With the aim to “ACCESS, ENGAGE, and ACHIEVE” the centre’s professional team offers innovative, user-friendly and discipline specific career programs which add value to the other career related services and resources available at the University. During 2010, the Careers Centre registered close to 2000 engagements with nearly 600 individual students who took steps towards their career success through individual, as well as group activities and services including: > Initial career interviews for new

students during the first month of semester to map out individual career plans

> ‘Graduate Careers Program’ not

for credit career development subject made up of weekly interactive seminars > Weekly drop-in sessions > Individual career strategy

consultations > CV reviews > Practice behavioural and group

interviews > Work Integrated Learning

opportunities in the form of paid internships, volunteer activities and practicum subjects > Career Circles with representatives

of employer and professional organisations e.g. KPMG, Accenture, State Government of Victoria, CPA, etc. > Career Roundtable for fresh

graduates > The Careers Centre also

coordinates the Faculty level Career Mentoring Program open to undergraduate and graduate students alike for a year-long mentoring relationship with external industry mentors. Read more about these programs in Engagement with our students on page 44.

Student Experience opportunities include: > Case study competitions > Student clubs and societies > Study abroad and exchange > Work experience and internships > Career workshops > Mentor programs > Social and cultural events. Staff from the Business and Economics Careers Centre

Annual Report 2010 Outlook 2011 15

Teaching and Learning Unit The Teaching and Learning Unit provides a range of services for staff and students in the Faculty of Business and Economics. Ongoing research into teaching and learning practices in Commerce disciplines in a higher education setting ensure that programs and services meet the specific and evolving needs of the Faculty of Business and Economics. The TLU supports academic development and works closely with academic colleagues to develop and implement programs such as: > Teaching Mentor Scheme, a

recent initiative that is a focused and supportive program for lecturers in the Faculty. > Teaching Enhancement Program

provides academic orientation to support lecturers new to the Faculty in the scholarship of teaching and learning. > Tutor Training Program, a thorough

program for all new tutors.

16 Annual Report 2010 Outlook 2011

> Subject Design and Curriculum

Renewal Program, helps academic staff develop an educational, scholarly and evidence-based rationale to decisions about teaching and student learning. The TLU provides a range of programs designed to support studentsâ&#x20AC;&#x2122; learning and skills development: > T2C, a lecture and workshop

series for all first year Commerce students. > Peer Mentoring programs for

undergraduate and graduate students which draws on the experience of current students to support the transition of commencing students.

> Peer-Assisted Study Scheme

(PASS), small subject-specific study and revision groups facilitated by a trained senior student leader. > Online Tutor, an interactive tool

that students can use in over 50 subjects per year. Students post questions to their tutors and receive a response posted online. > Graduate Enrichment Program,

a semester-long program, in which graduate students build and practice academic skills such as effective reading strategies and presenting academic ideas with confidence.

Departments in the Faculty Department of Accounting and Business Information Systems Overview

The Department of Accounting and Business Information Systems is committed to intellectual leadership in accounting education and research in Australia and the AsiaPacific region. As one of the largest and oldest accounting departments in Australia, it attracts a high calibre of staff and students. Many of the Department’s academic staff have experience in industry and the profession and have the expertise to blend theoretical and practical knowledge in their teaching. We ensure that students embed global and cultural perspectives through their knowledge of international accounting standards and practice. Strong links to the community and industry allow the Department to tap into current issues and industry requirements, work with leaders and offer the best teaching and learning practices to students. The Department of Accounting and Business Information Systems undertakes leading edge research in accounting and disseminates this domestically and internationally through publication in leading journals. The Department has an on-going leadership role in research through involvement on editorial boards of leading international journals and executive contributions to key academic bodies. A number of the Department’s academic staff currently hold Australian Research Council grants in a broad range of fields. Achievements in 2010

The Department has continued to build on the excellence of its teaching programs, research, knowledge transfer activities and service through a number of significant achievements in 2010: The Department’s 71st Annual Research Lecture, on the topic of continuous auditing, was held on

11 October. The Annual Research Lecture, held in conjunction with CPA Australia, is the longest running lecture series at the University and was established for the purpose of promoting and encouraging research and original contributions to accounting. The lecture was extremely well attended with over 200 staff, members of the accounting profession and the general public in attendance. The lecture was given by Professor Miklos Vasarhelyi, KPMG Professor of Accounting Information Systems and Director of the Continuous Auditing and Reporting Laboratory (CarLab) at Rutgers University, USA. The Australian Accounting Hall of Fame, established by the Centre for Accounting and Industry Partnerships (CAIP), celebrated the significant contributions of distinguished accounting practitioners and academics at its inaugural dinner on 8 October. The five inaugural inductees were: Ms Elizabeth Alexander FCPA, non-executive director of Boral, CSL and DB RREEF, and advisor to Blake Dawson’s corporate team; Ray Chambers AO, the first nonAmerican to be included in the Ohio Accounting Hall of Fame; Sir Alex Fitzgerald OBE; Professor Philip Brown, University of New South Wales and Emeritus Professor of University of Western Australia and Emeritus Professor Reg Gynther of the University of Queensland. CAIP’s 2010 Executive-inResidence program began with two high-calibre business leaders sharing their business expertise with students, staff, and other stakeholders. The success of the program will continue with four executives being appointed and ‘in residence’ during 2011 and several others already indicating a strong interest in participating during 2012.

The Department received a number of visits in 2010 from its Honorary Professorial Fellows appointed to develop on-going research links with some of the major universities in Europe and America. This investment in scholarly leadership has stimulated debate on critical issues in the accounting domain and strengthened the Department’s teaching and research programs. While Professor John Lyon took sabbatical leave, Professor Anne Lillis served as Acting Head of Department for the second half of 2010. The Department was grateful for the strong leadership Anne provided during a very busy term as Head. Outlook for 2011

A core committee has been established to commence a comprehensive review of the Accounting specialisation. The clarity and consistency of learning goals and objectives as well as the development of generic skills will be key as the Department works to ensure the content and delivery of programs meet both the diverse needs of the changing student profile and the expectations of employers. With a review of the Information Communication Technology disciplines at the University underway, the Business Information Systems area will be a focus as the Faculty works with the University to implement the most effective structure for the organisation of IT-related fields. Notwithstanding the outcome of the review, the Department will remain committed to ensuring Accounting Information Systems maintains a strong, vibrant and highly visible presence as an area for teaching and learning, industry engagement and research.

Annual Report 2010 Outlook 2011 17

Department of Economics Overview

The Department of Economics is the leading Economics department in Australia. It is a large department with 51 teaching and research staff and 9 professional staff. The Department includes the Centre for Actuarial Studies. The Department is committed to achieving the highest standards in research through publishing in leading international journals and international quality research on the Australian economy and economic policy issues. There is a strong emphasis within the Department on encouraging research culture and promoting collaboration. Major areas of research are: economic theory; econometric theory; microeconomic and macroeconomic analysis and policy design; the Australian macroeconomy; operation of financial markets; health and well-being; Asian economies and the economics of international trade and development; and economics of education. A high value is placed on the teaching program quality. The objective is to offer excellent and innovative teaching in undergraduate

18 Annual Report 2010 Outlook 2011

and graduate programs and a set of subjects which meets the requirements of students and is up-to-date with developments in the disciplines of economics, econometrics and actuarial studies. Teaching covers the core areas of microeconomics, macroeconomics and quantitative methods/ econometrics, as well as most other specialist areas such as monetary economics, game theory, development economics, environmental economics, economic history and actuarial science. There is a long tradition within the Department of providing policy advice and expert opinions to government and private organisations. Members of the Department serve on government inquiries and boards, and undertake work for a wide variety of international agencies. Achievements in 2010

Research continues to be a major achievement with the Department achieving its aim of regularly publishing in the worldâ&#x20AC;&#x2122;s top journals â&#x20AC;&#x201C; 60% of the publications were in ERA rated A* or A journals. Six new ARC Discovery Grants and one new ARC Linkage grant were awarded

to either individual researchers or research teams having at least one Department member. This was a 90% success rate, well above the national average success rate. A highlight in 2010 was the approval of the 4 year Doctoral Program to be offered from 2011. This program is the first of its kind in Australia and is in line with best international practice. Four new lecturers commenced: Dr Reshad Ahsan, Dr David Byrne, Dr Kei Kawakami and Dr Eik Swee. Two Professors were also appointed with start dates in 2011: Professor Phillip McCalman and Professor Claudio Mezzetti. Outlook 2011

The Master of Actuarial Science and the 4 year Doctoral Program will accept their first students in 2011. A short course on Computable General Equilibrium Modelling open to domestic and international students will be held in July. Further appointments of lecturers in Actuarial Studies and Economics will be made as well as advertising for the James Riady Chair in Asian Economics and Business.

Department of Finance Overview

The Department of Finance was formally established in July 2001, although finance subjects were taught at the University for many years prior to that date. Achievements in 2010

The Department has grown substantially since its inception, from just over 700 full-time students in 2002 to over 1,000 in 2010. Staffing levels have also expanded from 15 academics in 2002 to 28 academics in 2010. The finance specialisation is very much in demand with more than 1,200 BCom students graduating with a major in finance. The Department continues to offer a particularly strong Honours program with an intake restricted to around 40 of the very best undergraduate students majoring in finance. The Honours program is well established across Australia and New Zealand with more applications coming every year from the best interstate and trans-Tasman universities. The Department offers a suite of postgraduate programs, ranging from the practitioner-oriented Master of Applied Finance and Master of Finance, to the more research focused Master of Commerce in Finance and PhD in Finance with coursework. Beginning in 2009, the non-cognate pre-experience Master of Management (Finance), was added to the available course offerings – with promising student intakes in 2009 and 2010 underlining the ever increasing interest in high quality finance education. Research

While maintaining its reputation for a high quality teaching curriculum, the Department simultaneously focuses on high quality, high impact research in the various sub-disciplines of finance. Current research interests of department staff include asset pricing, derivatives and risk management, corporate finance, market micro-

structure, financial institutions, real estate finance, financial econometrics, finance education and international finance. An unequivocal focus on highest quality research is generating an increasing number of publications in top tier journals. To support its research activities, the Department has access to a large number of financial databases, including the Wharton Research Databases (WRDS), Datastream, Bloomberg and IRESS. The emphasis on a strong research culture is making its mark on the Department’s annual recruitment of junior academics with high quality applicants from the very best international graduate schools. In 2010, academics within the Department of Finance had articles accepted for publication in such journals as: the Journal of Financial Economics, Accounting and Finance, and the Journal of Banking and Finance, as well as presenting papers at many national and international conferences including the American Finance Association, Western Finance Association, European Finance Association, and Financial Management Association meetings. The department also congratulated Zhenhua Liu for successfully completing the requirements for the award of a PhD in Finance with his thesis, “State Ownership, Sovereign Wealth Funds and Firm Performance”. Engagement with industry

The third strand of departmental activities involves the interaction between academic staff and the finance profession. Staff members are involved in a wide range of continuing education and executive programs and have strong links with finance practitioners and financial institutions. A particularly effective conduit for the Department’s engagement activities is provided by the Australian Centre for Financial Studies (ACFS), established in 2005 as the Melbourne Centre for Financial Studies with the University

of Melbourne as a founding member. The ACFS mission is to enhance Melbourne’s reputation as an international centre of financial practice, research and education. Since its inception, the ACFS has undertaken and facilitated a range of research projects, consulting activities and various educational activities, workshops and symposia. Academic links

Enhancing its teaching, research, and engagement activities, the Department hosts a large number of prominent international visiting academics from all over the world and has established particularly strong links with a group of finance academics from the Stern School of Business at New York University. The research culture in the Department is further enhanced by a prestigious Research Seminar Series which, in 2010, included speakers from UC Berkeley, National University of Singapore, NYU, UCLA, and Hong Kong University of Science and Technology. In 2010 the Department of Finance hosted its annual ‘Finance Down Under’ conference as well as the Society for Financial Econometrics (SoFiE)(Asia) Conference. These well-attended events included presenters and/or speakers from Harvard Business School, London School of Economics, and the University of Pennsylvania. Outlook 2011

The Department of Finance begins 2011 in a new location. As of December, 2010, the Department is located in ‘The Spot’ at 198 Berkeley Street. The Spot is one of the newest buildings on campus, officially launched in February, 2010, with state-of-the-art facilities and a five star energy rating. We’re looking forward to continuing to provide quality teaching and research in the finance discipline from our new ‘home’. Annual Report 2010 Outlook 2011 19

Department of Management and Marketing Overview

The Department of Management and Marketing provides an integrated approach to education at the undergraduate and postgraduate levels with teaching informed by cutting edge research. This integrated approach equips students to meet the managerial and marketing challenges that must be faced in a dynamic and globalised business environment. Achievements in 2010

The Department taught 965 undergraduate and 233 postgraduate students in 2010, and there were 24 honours students and 25 PhD students undertaking research on topics that draw on the diverse theoretical and methodological strengths of the Department. In 2010 the Department had 36.66 full-time equivalent academic staff. Our main areas of teaching and research in management are: human resource management and industrial relations; international business; organisation studies; and operations management. Our main areas of teaching and research in marketing are: marketing management; and communication and customer strategy. At the undergraduate level, the Department teaches into the Bachelor of Commerce and hosts a fourth year Honours program. The Department also teaches into a number of professional and practitioner Masters-level degrees including its new Master of Commerce.

20 Annual Report 2010 Outlook 2011

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

The Department is committed to maintaining its strong international research reputation and currently supports four research centres: the Melbourne International Business Research Unit, the Foundation for Sustainable Economic Development, the Centre for Human Resource Management and the International Centre for Research in Organisational Discourse, Strategy and Change. The strength of the research is evidenced by the granting of three ARC grants during 2010 and a further two grants from 2011. Engagement with industry

In 2010 we hosted the 25th Annual Foenander Lecture, presented by Dr Simon Longstaff, as well as the inaugural Isaac Industrial Relations Symposium, with a key note address by Professor Bruce Kaufman and offered in conjunction with Monash University. Both events attracted large audiences from a variety of levels in the human resource and industrial relations industries. Academic staff are engaged in a variety of consulting and research projects including a growing emphasis on executive education. The Department offers a rewarding experience to students and employers alike through case study based subjects or real-life consultancy project based subjects.

These are considered to be capstone experiences for the students and are particularly focused on effective team work in a time critical environment. The Department utilises its prominent position in the fields of expertise encompassed within it to develop close ties with a broad range of leading academics from around the world. This results in eminent visitors giving seminars and supporting or collaborating on research in a range of ways throughout the year. The strongly supported Seminar Series is vibrant with internal and external speakers presenting their latest research and fascinating findings to audiences of PhD candidates and academic staff. Outlook 2011

During 2010 the Department of Management and Marketing undertook a comprehensive review of its programs, considering issues such as sequencing, complementary coverage of topics and relevance to students. The resultant curriculum map clearly shows that pedagogy and appeal have been maximised and that painting clear pathways through streams of study will lead to students gaining greater satisfaction as anticipated outcomes are realised. In addition, the prospect of greater involvement with Executive Education programs offers opportunities for the creation of innovative and purpose built activities, strengthening meaningful links with industry leaders across the spectrum.

Melbourne Institute of Applied Economic and Social Research Overview

The Melbourne Institute is arguably Australia’s leading independent research organisation specialising in policy-relevant applied economic and social research. At the end of 2010, the Melbourne Institute had 56 staff members, as well as a number of honorary appointments. The Melbourne Institute currently operates in four main research areas: > applied macroeconomics > labour economics and social

policy > industrial economics > health economics.

In addition, the Melbourne Institute is the home of the Household, Income and Labour Dynamics in Australia (HILDA) Survey, Australia’s largest household panel study. Achievements in 2010 > Professor Deborah Cobb-Clark

commenced her appointment as Director and Ronald Henderson Professor.

> The Melbourne Institute was

successful with three ARC grant applications: – Professor Deborah Cobb-Clark, Non-Cognitive Skills and Human Capital Investments: The Importance of Individuals’ Sense of Control’, ARC Discovery Grant, $297,316 over three years. – Professor Elizabeth Webster, Associate Professor Paul Jensen, Dr Alfons Palangkaraya, Professor Brian Wright (University of California, Berkeley), Professor Sadao Nagaoka (Hitotsubashi University), Associate Professor Bruno van Pottelsberghe (Université Libre de Bruxelles) and Professor Show-Ling Jang (National Taiwan University) with IP Australia and Institute of Patent and Trademark Attorneys of Australia, ‘The Efficiency of the Global Patent System’, ARC Linkage Grant, $330,039 over four years. – Professor Anthony Scott. Dr Jongsay Yong, Associate

Professor Helena Britt (The University of Sydney) and Professor Hugh Gravelle (The University of York), ‘The effect of competition and doctor heterogeneity on prices charged by doctors’, ARC Discovery Grant, $248,258 over three years. > Academic excellence continues to

be demonstrated in the Institute, as reflected by a rising proportion of papers published by staff in A* and A ranked journals. Outlook 2011

The biggest development for the Melbourne Institute in 2011 will be the establishment of the Economics of Education and Child Development Research Program. The Melbourne Institute and The Australian will host their seventh joint Economic and Social Outlook Conference, and the Institute will hold the HILDA Survey “10th Anniversary” Research Conference.

> Professor Mark Wooden (Deputy

Director) was elected a Fellow of the Academy of the Social Sciences in Australia. > The Victorian Department of

Education and Early Childhood Development (DEECD) has awarded a major research grant to the Melbourne Institute. The grant, which may end up in excess of $5 million, will fund a research partnership between DEECD and the Melbourne Institute for up to 5 years. As part of this we will be setting up a brand new research program – the Economics of Education and Childhood Development – which we hope, in time, will help the Melbourne Institute become an international centre of excellence for applied research in the economics of education.

Some members of the Melbourne Institute’s advisory board

Annual Report 2010 Outlook 2011 21

Centres in the Faculty The Asian Economics Centre

The Australian Centre for Financial Studies

The Centre brings together academic staff and PhD students with research interests in the economic issues confronting the countries of Asia and the Pacific. Their research interests cover a wide variety of fields such as development economics, macroeconomics and international economics.

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

The objectives of the Centre include: research of the highest standard in the Asia-Pacific region; facilitation of national and international research linkages in development economics and international economics; and provision of high-quality research training for PhD students and exchange doctoral students. To achieve these objectives, staff affiliated with the Centre are involved in research, in research supervision, in organising conferences and seminars, and in knowledge transfer, for both Australian and international organisations. The Director of the Centre is Associate Professor Donald MacLaren 2010 news and events

Three of the Department’s new staff appointments in 2010 have become affiliated with the Centre. They are Dr Reshad Ashan (International Trade, Development Economics and Political Economy), Dr Kei Kawakami (Macroeconomics and Financial Economics) and Dr Eik Swee (Development Economics, Economics of Conflict and Political Economy). The previous Director of the Centre, Professor Lisa Cameron, resigned from the Department in July to take up a chair appointment at Monash University. Her departure leaves a large gap in the activities of the Centre that were focused on Indonesia.

The ACFS specialises in leading edge finance and investment research, aiming to boost the global credentials of Australia’s finance industry, bridge the gap between research and industry, and support Australia as an international centre for finance practice, research and education. The ACFS has developed a strong reputation as an independent voice on finance industry relevant matters. It: > contributes to public debate on

financial services issues; > conducts detailed expert analysis; > delivers unbiased industry relevant

research through its business consulting services activities; > conducts key knowledge sharing

activities through industry conferences, symposiums, forums, seminars, luncheons, industry briefings and workshops; and > facilitates Research Reference

Groups, linking senior industry and academic leaders in the banking, insurance and funds management fields. Since its inception ACFS has: > sourced more than A$4.5 million

of additional revenue; > undertaken in excess of 60

research projects; > delivered over 120 thought-

provoking events; and > involved more than 5,600 finance

professionals across its activities.

22 Annual Report 2010 Outlook 2011

Submissions to Inquiries, including in 2010: > Senate Economics Committee:

Housing Mortgage Redesign and Bank Competition; > Productivity Commission: National

Disability Support Schemes; and > Victorian Competition and

Efficiency Commission: Inquiry into Regulatory Impediments in the Financial Services Sector. Specific highlights in 2010 included: > Re-brand Launch of the Australian

Centre for Financial Studies with the Hon. Chris Bowen MP, John Lenders MP and Professor Deborah Ralston, Director of the Australian Centre for Financial Studies. > ACFS took over as host of

Melbourne Financial Services Symposium, the financial services industry’s longstanding hallmark event. MFSS 2010 theme: Global Investing – growing the business in the new environment. > Melbourne Mercer Global Pension

Index 2010 expanded to include 14 countries and launched for the first time in more than one city: Melbourne, New York and Sydney. > The development of the ACFS/

ANZ Trustees Australian Equities Database, a unique digital database that fills gaps in Australian databases and provides a more comprehensive base for the analysis of portfolio formation strategies and capital asset pricing models over the longer term. > Over 450 domestic and

international media mentions generated from ACFS research and events. > About $175K ACFS Academic

Research Grant funds distributed with over 20 refereed papers published in journals.

CAIP Executive-in-residence, Gunther Burghardt, Treasury Wine Estates

The Centre for Accounting and Industry Partnerships (CAIP) Located within the Department of Accounting and Business Information Systems, CAIP aims to enhance engagement between the University and partners in accounting, industry and government. Focusing on research, learning and teaching and knowledge exchange, CAIP encourages practitioners and researchers to work together to advance the accounting discipline. CAIPâ&#x20AC;&#x2122;s key goals are to: > provide an important access point

for the accounting profession, industry, government and the community to work with accounting researchers and experts in teaching and learning to advance the accounting profession; > work with our industry partners

to identify and develop applied research activities that will attract competitive research funding; > engage professionals in

accounting and business with a view to enhancing the relevance of the University teaching programs and maximising the learning outcomes of students;

> facilitate high level discourse

with accounting and business professionals more generally in ways which enhance awareness of the quality of the research being undertaken within the Department. CAIP has appointed the following members to its Advisory Board: Brian Horwood (Director and Chairman, Oil Search Ltd), Dianne Azoor Hughes (Partner, Pitcher Partners), Jan McCahey (Partner, PWC), David Cookson (Vice-Principal (Research), UoM), Associate Professor Robyn Sloggett (Director, Ctr for Cultural Materials Conservation, UoM), Brooke Young (Director, Marketing and Commercial Engagement, FBE).

The 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 Institute of Actuaries of Australia. Graduates who obtain marks above prescribed levels in specified subjects receive exemptions from the corresponding exams of the Institute of Actuaries of Australia or the Institute and Faculty of Actuaries (UK). The Centre has 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 active in research. The Centre has regular visits of leading international academics and overseas students and maintains strong links with the actuarial profession in Australia. The Centreâ&#x20AC;&#x2122;s Director is Professor Daniel Dufresne.

The Centre for Human Resource Management This Centre is comprised of researchers with interests in Human Resource Management and Industrial Relations. They bring a broad range of disciplinary perspectives (including Psychology, Economics and Sociology) and varying methodological expertise to bear upon important contemporary IR and HR challenges. Established in 1999 within the Department of Management and Marketing, the Centre operates as a bridge between academic and business communities to facilitate research on employment issues and to disseminate findings to impact practice and policy. The key focus is on HRM and employment relations in the Asia-Pacific region, North America and Europe.

Annual Report 2010 Outlook 2011 23

In keeping with its international outlook, the Centre encourages collaborative projects with leading overseas universities and arranges links with international scholars in the fields of HRM and employment relations. The Centre also works with Australian businesses and government institutions on collaborative and consultative projects and facilitates research opportunities with the professions, employers, trade unions and government departments. Research findings are disseminated through academic publications, working papers, seminars and conferences. The Centre has sponsored research on four key themes: justice and disadvantaged workers, pay and performance management systems, human resource management in Asia and employee involvement and democracy at work. The Director of the Centre is Associate Professor Michelle Brown. Achievements in 2010

The inaugural Isaac Symposium (a joint venture of the CHRM and the Faculty of Business and Economics at Monash University) was held on 20 August, 2010 to discuss: “What is an efficient and fair industrial relations system?” The symposium was addressed by Professor Bruce Kaufman of Georgia State University, USA; David Gregory of the Australian Chamber of Commerce and Industry; Lisa Heap from the Australian Institute of Employment Rights and Justice Giudice of Fair Work Australia. On 20 October 2010 Dr Simon Longstaff, Executive Director, St James Ethics Centre, Sydney Centre presented the 25th Annual Foenander Lecture.

The Economic Theory Centre The Economic Theory Centre is jointly operated by the Department of Economics and the Melbourne Business School at the University of Melbourne. The Centre is grateful for the financial support given by the Economic Design Network towards their Economic Theory Workshops. The objectives of the Centre are to: > promote research of the highest standard in all areas of economic theory > be a focus within Australia for research in economic theory > facilitate both national and international affiliations and research linkages > facilitate the training of research students, and the exchange of doctoral and postdoctoral students > be a focus for external research funding > run conferences, workshops and advanced short courses for research students > publish occasional monographs and proceedings. The Director of the Centre is Dr Catherine de Fontenay.

Foundation for Sustainable Economic Development The Operations Management area of the Department of Management and Marketing hosts the Foundation for Sustainable Economic Development (FSED). The Foundation was established in 2000 with a mission to create and disseminate research to increase the awareness and effectiveness of management practices that deliver better organisational performance and less wasteful products and processes. The Foundation has produced a number of research papers and commissioned reports, including The Collaborative Games in 2001.

24 Annual Report 2010 Outlook 2011

A significant project was on corporate sustainable development, funded by the Australian Business Foundation. A recent ARC project involves a significant multi-university ARC Linkage project on “Work and Social Cohesion”. And a newly funded ARC discovery project is researching how and why directors of firms take certain types of corporate risk. An additional ARC research grant was achieved during 2010 jointly with the GS1 organisation, concerning the optimal use of information in supply chains. During 2010 staff in the centre have published in leading journals including the Journal of Operations Management, and have begun a new Masters degree, called Master of Supply Chain Management. Dr Suzy Goldsmith, Senior Fellow in the FSED, is continuing a major contribution to the University’s Farms/ Rivers/ Markets project of water research in which the FSED is responsible for the market’s aspect. The Director of the Centre is Professor Danny Samson.

The Intellectual Property Research Institute of Australia The Intellectual Property Research Institute of Australia (IPRIA) was established in March 2002 as an initiative of IP Australia. IPRIA is a collaborative research centre at the University of Melbourne with significant funding from IP Australia. The core faculties are Business and Economics, Law and the Melbourne Business School. The focus has been to move businesses understanding and engagement with intellectual property system from a technical to a strategic perspective. Intellectual property in this context is broader than formal intellectual property rights and includes the management of knowledge, personnel and intangible assets.

IPRIA’s objectives are to: > support and generate

development of high-level public policy in relation to intellectual property issues > optimise the protection,

management and exploitation of intellectual property by all Australian stakeholders, including research institutions, public and private sector interests > create an informed environment for,

and contribute to, on-going public debate in Australia about intellectual property issues and related matters, including innovation policy and economic growth. Professor Elizabeth (Beth) Webster is Director. Faculty members associated with IPRIA include Associate Professor Paul Jensen, Dr Alfons Palangkaraya, Dr Nisvan Erkal, Dr Russell Thomson; and Professors Danny Samson and William Griffiths. IPRIA has an Advisory Board drawn from IP professions, industry, the wider University and government. IPRIA focuses on research and outreach activities, its staff producing approximately 40 papers and reports each year. Achievements in 2010

In 2010, IPRIA hosted over 20 public events across Australia. Of particular note was the first Pacific Rim Innovation Conference which was held over two days in January, featuring keynote

speakers Professor Rochelle Dreyfuss (New York University, USA), Professor Ivan Png (NUS School of Business, Singapore), Professor Peter Drahos (Australian National University) and Professor Vincenzo Denicolo (Universita di Bologna, Italy). The conference brought together academics from across the globe in the fields of economics, management and law of innovation. IPRIA has active partnerships with interstate and international universities and national industry associations. Professor Beth Webster is also the founding president of the Asia Pacific Innovation Network.

The International Centre for Research in Organisational Discourse, Strategy and Change ICRODSC was launched by four institutional partners in 2001 and has since grown to include: the Universities of Melbourne; Sydney; Cardiff; Lund; McGill; Texas A&M ; California; Cambridge; Colorado and Leicester and Queen Mary at the University of London. The Centre links international researchers interested in developing and applying discourse methods in the study of organisations with the aims of building a critical mass of expertise, facilitating crossinstitutional research, providing a banner for new initiatives,

establishing contacts and support for doctoral students and securing resources for workshops and other activities. At the University of Melbourne, the co-directors of the Centre are Professor Cynthia Hardy and Dr Susan Ainsworth. Achievements in 2010

Following the Faculty’s formal acceptance of the very positive report of the 2009 Review Panel, funding was made available to support the Centre’s strategic initiative on the meaning of age – which can already list a number of achievements, including several upcoming special journal issues on related topics. Other achievements throughout the year include active organisation of and participation in a number of workshops by both academic staff and PhD students of the Centre and Professor Cynthia Hardy’s success in receiving an ARC grant for a study with Professor Steve Maguire which will examine the managerial and organisational implications of chemical risk assessment in Australia and Canada and explore how different cultural contexts influence risk assessment. A notable visitor in March was Professor Blake Ashforth from Arizona State University, internationally renowned for his work on identity. He conducted a workshop on relational identity for the Centre.

Annual Report 2010 Outlook 2011 25

Macroeconomics Research Unit

Melbourne International Business Research Unit

Microeconometrics Research Unit

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

The MIBRU began in 1998 as a collaborative venture between the University of Melbourne and the University of New South Wales. From 2003 the management of the unit reverted to the University of Melbourne. The current name – Melbourne International Business Research Unit – was adopted in 2010 after the unit had earlier been known as the Australian Centre for International Business (19982007) and the Melbourne Centre for International Business (2007-2010).

The Centre’s members, staff and PhD students – drawn from the Department of Economics and the Melbourne Institute – are concerned with the development, evaluation and application of microeconometric methods.

Some 22 speakers (including 19 external speakers) gave presentations in our regular Macroeconomics Workshop throughout 2010. Professors Jim Albrecht and Susan Vroman (both of Georgetown University), experts in search theory and its applications to labour and macroeconomics, visited the Department from February to May. Throughout their visit, a workshop organised by Professor Ian King met on a weekly basis to discuss frontier research on search theory and its applications. In 2010 the unit sponsored the 5th annual Workshop on Macroeconomic Dynamics, hosted this time by UNSW, with plenary talks by Christopher Waller of the FRB-St. Louis, Kazuo Nishimura of Kyoto University and Mark Weder of the University of Adelaide. Selected papers from this conference will be published in a forthcoming special issue of Macroeconomic Dynamics. The Director of the Macroeconomics Research Unit is Professor Ian King.

The mission of MIBRU is to conduct leading edge research in international business, educate future international business leaders, and consult with business and government. The Unit’s members study the international aspects of a range of business phenomena, including strategy, human resource management, organisational behaviour, industrial relations and corporate history. Members come from within the Department of Management and Marketing and the Melbourne Business School. Achievements 2010

In July 2010, MIBRU ran a successful two-day workshop on global teamwork. Participants came from universities in the US, Singapore and around Australia, as well as from industry. The papers can be found on the substantially redesigned and reinvigorated MIBRU website. MIBRU also attracted three new PhD students commencing in 2010, and has taken the opportunity to institute an active monthly research seminar meeting, drawing on presenters from within the Unit and visitors from the US, Denmark, Slovenia and Singapore, to share best practice in research and research-related activities. The Directors of the Centre are Professor David Merrett, Dr André Sammartino and Dr Tom Osegowitsch.

26 Annual Report 2010 Outlook 2011

Branches of economics currently researched by the Centre include consumer expenditure analysis, environmental economics, labour economics, health economics, transport economics, measurement of inequality and poverty and measurement of productivity and efficiency. The objective of the Centre is to foster and promote high quality research and research training in microeconometrics by providing a focus for: > the development of research grant proposals for funding from ARC and other external sources > collaboration in joint research projects > the involvement of national and international visitors > conferences involving other researchers from within and outside Australia including groups from industry and government departments > attracting, encouraging and involving PhD students working on microeconometric problems > running short courses in microeconometrics. The Centre welcomes collaborative arrangements with other institutions to develop funding opportunities for research and scholarly exchange in the area of microeconometrics. The Director of the Centre is Professor Michael Shields.

2010 News and Highlights Staff distinctions and awards Accounting and Business Information Systems

Associate Professor Brad Potter, Professor Colin Ferguson and Mr Phill Cobbin were part of a research team who successfully attracted an ARC-Linkage grant for their project ‘An approach to preserving accounting and business archival materials: enhancing accessibility to inform research and practice’. Dr Albie Brooks, Senior Teaching Fellow, and Ms Jane Hronsky, Lecturer, were awarded a Teaching Innovation and Staff Development Grant for their project entitled “The Digital Revolution and the Teaching/Learning Environment” Teaching Fellow Mr Matt Dyki was awarded a Teaching Innovation and Staff Development Grant for his Skill Builder Learning Series. Associate Professor Carlin Dowling was appointed as an Associate Editor for the International Journal of Accounting Information Systems. Carlin was also the recipient of a Dean’s Certificate for Research Excellence. Dr Henry Wu was appointed Associate Editor for the International Journal of Knowledge, Culture and Change Management. The Department’s teaching staff received a total of 37 of the Dean’s Certificates for Teaching Excellence; 14 undergraduate and 23 for postgraduate teaching.

Dr Carsten Murawski and Dr Philip Harris

Economics and Actuarial Studies

Professor Jeff Borland commenced his appointment to the Chair of Australian Studies at Harvard. Jeff is the first economist for a number of years to be appointed to this prestigious position. The Chair was established by a gift from the Australian Government to Harvard in 1976 and it has been held by eminent scholars from a range of disciplines. Associate Professor Chris Edmond was awarded the Dean’s Prize for Research Excellence. Dr Nikos Nikiforakis was awarded the Dean’s Award for Excellence in Teaching and Learning (Level B). Nikos also received the Excellence in Refereeing Award from the American Economic Review. Associate Professor Neville Norman received the Economic Society of Australia’s Honorary Fellow Award. Finance

Dr Carsten Murawski and Dr Philip Harris, from the Department of Management and Marketing, were awarded a Best Paper (Behavioural Economics and Neuroeconomics track) at the recent NeuroPsychoEconomics conference in Copenhagen for their paper “Unconscious brand reactions influence financial decision-making”.

Professor Bruce Grundy, Dr Bryan Lim and Dr Patrick Verwijmeren received the Best Paper Award at the recent Finance and Corporate Governance Conference, in the category of Quantitative Finance / Risk Management / Derivative Instruments for their paper “Do Option Markets Undo Restrictions on Short Sales? Evidence from the 2008 Short-Sale Ban”. Professor Bruce Grundy, Dr Bryan Lim and Dr Patrick Verwijmeren also presented their paper on the 2008 short-sale ban at the prestigious 2010 Western Finance Association Meeting held in Victoria, Canada. Professor Stephen Brown, Professor Bruce Grundy and Dr Patrick Verwijmeren presented their paper, “Convertibles and Hedge Funds as Distributors of Equity Exposure” at the 2010 European Finance Association Meetings in Frankfurt, Germany. That paper is joint with Professor Craig Lewis of Vanderbilt University. Professor J Spencer Martin published “Time-varying shorthorizon predictability” in the tier 1 quality Journal of Financial Economics. That article is joint with Federico Nadari of the University of Houston and Sam Henkel. Sam has recently joined the PhD program in the Department.

Annual Report 2010 Outlook 2011 27

Also in 2010 and in that same prestigious journal, Dr Patrick Verwijmeren published “Why do convertible issuers simultaneously repurchase stock? An arbitragebased explanation”. That paper is joint with Abe de Jong from Erasmus University and Marie Dutordoir from Manchester Business School. Melbourne Institute

Professor Mark Wooden was elected as an Academy Fellow to the Academy of the Social Sciences in Australia. Mark was inducted in November and became part of a select group of our most prominent Australian academics in the social sciences. Fellows of the Academy are elected by their peers on the basis of having achieved a very high level of scholarly distinction and for having made a distinguished contribution to one or more disciplines of the social sciences. Professor Ross Williams AO received a Member of the Order of Australia honour at this year’s Queen’s Birthday Honours (16 June 2010). Management and Marketing

Dr Tine Koehler was awarded the Edwin A. Fleishman Outstanding Dissertation Award. The award was established in 1998 by George Mason University to be given annually to the best paper based on a Ph.D. dissertation completed at the University in applied experimental psychology. Associate Professor Angela Paladino was awarded the Dean’s Award for Excellence in Teaching. Professor Cynthia Hardy was selected to receive the 2010 Greif Research Impact Award 2010 for her 2004 Academy of Management Journal article entitled, “Institutional entrepreneurship in emerging fields: HIV/AIDS treatment advocacy in Canada” with Steve Maguire (McGill

28 Annual Report 2010 Outlook 2011

University) and Thomas Lawrence (Simon Fraser University, Canada).

Marketing Utilization (2010) from the American Academy of Advertising.

Associate Professor Ying Zhu led an HR roundtable discussion by the Australia China Business Council.

Professional Staff Distinctions and Awards

PhD candidate Kohyar Kiazad won the Department’s PhD Best Paper Award 2009 for his paper titled “Can breach lead to positive employee behaviour? The moderating role of organisational-embeddedness.” Professor Anne-Wil Harzing was awarded the 2009 Academy of Management and Learning and Education - Outstanding Article of the Year. Her article ‘When knowledge wins: Transcending the sense and nonsense of academic rankings’, co-authored by Dr Nancy Adler of McGill University, was recognised by the members of the editorial board as being an impactful investigation of the problematic nature of academic ranking systems. Professor Cynthia Hardy was elected as an Academy Fellow to the Academy of the Social Sciences in Australia in the discipline area of Management. Fellows of the Academy are elected by their peers on the basis of having achieved a very high level of scholarly distinction and for having made a distinguished contribution to one or more disciplines of the social sciences.

Mr Steven Mitchell, Accounting and Business Information Systems, received a Faculty Outstanding Professional Staff General Award. Ms Jacqueline Hoare, Commerce Student Centre, was awarded a Faculty Outstanding Professional Staff Award for Client Service Mr Rees Quilford and Ms Danielle Roller were awarded the Faculty Outstanding Professional Staff Award for Best Practice for the creation of the Business and Economics News web site. Mr Paul Andonov and the applications development team received the Innovation award for their development of the assignment tool and course booking system. Ms Alison Banford, Management and Marketing and Mr Tim Uhen, Information Technology, both received special mentions. Mr Craig Barrie, received a Faculty Professional Staff Scholarship for his project: Benchmarking Cohort Experiences on Commuter Campuses.

Two members of the Department won major national teaching awards this year. Associate Professor Leisa Sargent won the 2010 Pearson/ANZAM Management Educator of the Year Award and Associate Professor Angela Paladino won the 2010 Pearson/ ANZMAC Marketing Educator of the Year Award. It is unprecedented for these two awards to go to the same Department in a single year. Dr Greg Nyilasy won a grant of $2,500 for a paper titled Practitioner Theories of Social Media and Its Mr Craig Barrie

Public lectures in 2010 The Faculty of Business and Economics’ Public Lecture program was highly successful in 2010, with almost 700 people filling overflow theatres to attend Nobel Laureate Professor Joseph Stiglitz’s lecture in July and record crowds attending many other lectures in the program. Lectures included: Inaugural Professorial Lecture

Max Corden Lecture

25th Annual Foenander Lecture

24 March

4 August

20 October

‘The dismal science? A random walk through (some) Australian economic policy’ Professor Robert Dixon Department of Economics

Do we need a new International Monetary System – a Multipolar system for a Multipolar world?’ Professor Barry Eichengreen University of California, Berkeley

Inaugural Professorial Lecture

Department of Economics – Melbourne Institute Public Policy Lecture

‘A human being in a civilised community, being human in a civilised community, being civilised in a human community... Reflections on the Harvester Case’ Dr Simon Longstaff St James Ethics Centre

22 July

‘Disadvantage across the Generations: What do we know about Social and Economic Mobility in Australia?’ Professor Deborah Cobb-Clark Melbourne Institute of Applied Economic and Social Research

Downing Lecture

26 August

10 November

‘Designing Realistic Climate Policy’ Professor Warwick McKibbin Australian National University/ Lowy Institute for International Policy)

‘Family Economics and the Second Demographic Transition’ Professor Shelly Lundberg Center for Research on Families, University of Washington

Free Public Lecture

University of Melbourne/CPA Australia Research Lecture

20 May

11 October

26 November

‘The New Australian Resource Rent Tax’ Professor Ross Garnaut Melbourne Institute of Applied Economic and Social Research

‘The Coming of Age of Continuous Auditing’ Professor Miklos A. Vasarhelyi KPMG Professor of Accounting Information Systems, Rutgers University Business School

‘The Plundered Planet: Management and Mismanagement of Nature and the opportunity for Economic Transformation’ Professor Paul Collier (Centre for the Study of African Economics, Oxford University)

David Finch Lecture

Free Public Lecture

28 July

‘Farewell to the invisible hand? A Global Financial System for the Twenty-first Century’ Nobel Laureate Professor Joseph Stiglitz

Annual Report 2010 Outlook 2011 29

Research Achievements in 2010

The Faculty was awarded seven new Australian Research Council (ARC) Discovery Grants and one Linkage Grant commencing in January 2011, researching supply chain management, the economic impact of education in developing countries, asset markets, global patenting systems, organisational behaviour and the effect of competition on doctor’s pricing. The breadth of topics covered is testament to the diverse and multi-disciplinary research occurring in the Faculty. Professor Colin Ferguson was part of a team awarded a University of Melbourne Interdisciplinary Seed Funding grant for the Uma Mutin (White House) Archive in Timor Leste, a project involving the cultural materials conservation, anthropology, IT, linguistics and commerce disciplines. Our researchers have been successful in obtaining international grants with Dr Tine Koehler of the Department of Management and Marketing and a team of multinational inter-disciplinary researchers being awarded a US$400,000 National Science Foundation grant for their study “Culture and Coordination in Global Engineering Teams’ conducting research into the coordination practices on large multinational engineering projects.

30 Annual Report 2010 Outlook 2011

Professor Cynthia Hardy, Management and Marketing and Professor Mark Wooden, Melbourne Institute, were appointed as Fellows of the Academy of the Social Sciences in Australia. Fellows of the Academy are elected by their peers on the basis of having achieved a very high level of scholarly distinction and for having made a distinguished contribution to one or more disciplines of the social sciences. Associate Professor Neville Norman, Department of Economics, received the Economic Society of Australia’s Honorary Fellow Award. The Melbourne Institute was awarded a major research project following a competitive tender process with the Department of Education and Early Childhood Development (DEECD). The agreement is to work in partnership with DEECD to inform new approaches at improving the outcomes of children in Victoria. To implement the project the Melbourne Institute will establish a research program called the Economics of Education and Child Development.

This year the University became the first and only Australian university to be listed in the Economics and Business category subject ranking for the influential Shanghai Jiao Tong University ranking of universities. The University was ranked equal second in the region in this category (with National University of Singapore and Chinese University of Hong Kong) after Hong Kong University of Science and Technology. In 2010 an exercise to provide a comprehensive basis for benchmarking the Faculty’s research output against other Go8 and international universities was undertaken. The Faculty’s output with regard to research funding, publications and citations was measured through sources such as the Australian Research Council funding data, Thompson Reuters Web of Science and Google Scholar. It was concluded that the Faculty has performed very well in a national context and that whilst we do well internationally with regard to the number of papers we could improve our citations per paper. The Faculty will update the findings of this exercise in 2011. Professor Anne-Wil Harzing Associate Dean, Research

Research grants awarded in 2010 for projects commencing in 2010/2011 Australian Research Council – Discovery Project Scheme

An Econometric Analysis of the Impact of Education on Health in Developing Countries A/Professor J Williams; Dr L Jacobi; Ms M Andalón López; Professor J van Ours; Professor M Grossman Combating HIV/AIDS in Indonesia: Understanding the Behaviour of Sex Workers and Their Clients A/Professor L Cameron; Dr M Shah Non-cognitive Skills and Human Capital Investments: The Importance of Individuals’ Sense of Control Professor D Cobb-Clark Advancing the Theoretical Bases of Supply Chain Management through the Lens of Relational Exchange Dr P Singh; A/Professor D Power The Effect of Competition and Doctor Heterogeneity on Prices Changed by Doctors Professor A Scott; Dr J Yong; A/ Professor H Britt; Professor H Gravelle Money, Price and Output Dynamics: A Segmented Asset Markets Approach A/Professor C Edmond An Organisational Perspective on Risk Assessment: Comparing Chemicals Management in Australia and Canada Professor C Hardy; Dr S Maguire

Associate Professor Brad Potter

Professor Deborah Cobb-Clark

Australian Research Council – Linkage Grant Scheme

An approach to preserving accounting and business archival materials: enhancing accessibility to inform research and practice A/Prof B Potter, A/Prof M Keneley, Prof C Ferguson, Mr P Cobbin, Prof B West, Dr M Wilson. Partner/ Collaborating Organisations – CPA Australia, National Archives of Australia The efficiency of the global patent system Professor E Webster, A/Prof P Jensen, Dr A Palangkaraya, Prof B Wright, Prof S Nagaoka, A/Prof B van Pottelsberghe, Prof SL Jang Partner/Collaborating Organisations – Institute of Patent and Trademark Attorneys of Australia, IP Australia Factors influencing the adoption and diffusion of supply chain technology standards in Australia A/Professor D Power, A/Professor P Singh, Dr V Bhakoo, Professor D Samson. Partner/Collaborating Organisation – GS1 Australia

Management and Marketing Competitive Archetype Dr Shu-Jung Yang

Melbourne Institute Intellectual Property and Innovative Performance: Evidence from The Agricultural Sector Dr Russell Thomson Faculty Early Career Grants

Economics Matching Students to Universities: Theory and the Australian Experience Mr Georgy Artemov Housing over the Life Cycle: A Quantitative Study for Australia Dr Shuyun Li Does Altruistic Punishment Have Long-Run Benefits? Dr Nikolaos Nikiforakis

Finance The Value of Good Research: Is Accrual Anomaly Mitigated by Experience Analysts? Dr Ali Akyol

The University of Melbourne Early Career Grants

Economics Enhance the Applicability of MeanVariance Optimisation by Random Matrix Theory Ms Ping Chen

Management and Marketing The Impact of Corporate Governance Requirements on Firm Performance Dr Wei Hu

Melbourne Institute

Finance

Modeling Individuals’ Choice between Public and Private Hospital Care Mr Terence Cheng

An Examination of Equity Options Trading Patterns Mr Bryan Lim

Hospital Report Cards: Competition and Selection Dr Peter Sivey

Dr Ali Akyol

Associate Professor Damien Power

Mr Phill Cobbin

Annual Report 2010 Outlook 2011 31

Faculty Research Grants

Finance

Accounting and Business Information Systems

Matching Sources and Uses of Funds Dr Ali Akyol; Dr Patrick Verwijmeren

Shareholder Litigation, Accounting Conservatism and Corporate Transparency Dr Qingbo Yuan

Counterparty Rish During the 20072009 Financial Crisis Dr Stefan Petry

Economics Evaluating Effects of Federalisation on Public Drug Insurance in Canada Dr David Byrne

Incentives, Regulatory Focus and Deception: Avoiding Blame Versus Over Claiming Credit Dr Adam Barsky

Detailed Occupation Differences and the Gender Wage Gap Dr Michael Coelli

Isolating the Innovation Dynamics in Suppy Networks Dr Vikram Bhakoo

Job Search and Wage Inequality: An Assignment Approach A/Professor Chris Edmond

A Meta-Analytic Review of Predictors of Blood Donation Behaviour Dr Liliana Bove

Analysis of the Labour Market Effects on Maternity Leave: A Bayesian Multi-level Treatment Model for Panel Outcomes with Variable Selection Dr Liana Jacobi

Delivering Negative Performance Feedback: Does Gender Make a Difference? A/Professor Michelle Brown

The Formation of Financial Networks: Microstructure Approach Dr Kei Kawakami Does Altruistic Punishment Have Long-Run Benefits? Dr Nikolaos Nikiforakis Good Geography, Good Institutions? Historical Evidence from Entrepot Economies Dr Eik Leong Swee European Union Integration and Transition Economies Dr Lawrence Uren

Dr Patrick Verwijmenen

Dr Liliana Bove

32 Annual Report 2010 Outlook 2011

Management and Marketing

Perceived Trustworthiness and Inter-Personal Knowledge Sharing Within Multinational Corporations Dr Sachiko Yamao The Relationship between Income and Subjective Well-Being: A Meta-Analysis Dr Michael Zyphur

Melbourne Institute Modelling Individuals’ Choice between Public and Private Hospital Care Mr Terence Cheng The Impact of Paid and Unpaid Parental Leave on Labour Market Outcomes Dr Barbara Hanel Changing Inequality and Social Welfare in Australia 2000-2005: A Decomposition Analysis Dr Nicolas Herault

Sinister Attributions towards Traditional Advertising Dr Brent Coker

The Impact of Fertility on Mothers’ Labour Supply in Australia: Evidence from Exogenous Variation in Family Size Dr Julie Moschion

Ownership Structure, Governance Regulation and Performance: Evidence from China and Singapore Dr Helen Hu

Genetic Motives in the Intergenerational Transmission of Wealth: The Role of Non-Paternity Mr Domenico Tabasso

When Being Environmentally-Friendly Is Not An Advantage: Investigating the Negative Effects of Consumers’ Associations on Product Preference A/Professor Angela Paladino

Teaching & Learning Unit

Dr Martin Davies

Assessing Computer-Aided Argument Mapping in Improving Critical Thinking Skills Dr Martin Davies; Dr Richard Chen; Ms Jagit Kaur; Dr Ben Neville

Associate Professor Angela Paladino

Dr Nikos Nikiforakis

Research publications Accounting and Business Information Systems

Research Books Considine B, Parkes A, Olesen K, Speer D & Lee M. 2010. Accounting Information Systems: Understanding Business Processes. Brisbane, Australia: Wiley – John Wiley & Sons.

Research Book Chapters Al-Aqeel M & Spear N. 2010. PrivateInformation Trading in Emerging Markets: Evidence from GCC Security Markets. In Lee C & Lee A (eds), Advances in Investment Analysis and Portfolio Management. Taiwan: Center for Pacific Basin Business, Economics, and Finance Research, pp. 175-205. Anderson S & Dekker H. 2010. Accounting in Networks – The Transaction Cost Economics Perspective. In Hakansson H, Kraus K & Lind J (eds), Accounting in Networks. London, United Kingdom: Routledge, pp. 235-268.

Refereed Journal Articles Abernethy M, Bouwens J & Van Lent L. 2010. Leadership and Control System Design. Management Accounting Research. 21 (1): 2-16. Anderson S, Dekker H & Sedatole K. 2010. An Empirical Examination of Goals and Performance-to-Goal Following the Introduction of an Incentive Bonus Plan with Participative Goal Setting. Management Science. 56 (1): 90-109.

Coram P. 2010. The Effect of Investor Sophistication on the Influence of Nonfinancial Performance Indicators on Investors’ Judgments. Accounting and Finance. 50 (2): 263-280.

Leech S. 2010. Intelligent Systems Research in Insolvecy and Corporate Recovery. International Review of Business Research Papers. 6 (5): 137-144.

Coyte R, Emsley D & Boyd D. 2010. Examining management accounting changes as rules and routines: The effect of rule precision. Australian Accounting Review. 20 (2): 96-109.

Turner J, Mock T, Coram P & Gray G. 2010. Improving Transparency and Relevance of Auditor Communications with Financial Statement Users. Current Issues in Auditing. 4 (1): A1-A8.

Davern M & Kamis A. 2010. Knowledge Matters: Restrictiveness and Performance with Decision Support. Decision Support Systems. 49 (4): 343-353. Davern M & Wilkin C. 2010. Towards an Integrated View of IT Value Measurement. International Journal of Accounting Information Systems. 11 (1): 42-60. Emsley D & Chung L. 2010. How management accountants’ cognitive style and role involvement combine to affect the effort devoted to initiating change. Abacus. 46 (3): 232-257. Ferguson C, Finn F, Hall J & Pinnuck M. 2010. Speculation and e-commerce: The long and the short of IT. International Journal of Accounting Information Systems. 11 (2): 79-104. Gallagher D, Pinnuck M & Looi A. 2010. Are Active Fund Managers Collectors of Private Information or Fast Interpreters of Public Information? Accounting and Finance. 50 (3): 635-662.

Arnold V, Benford T, Hampton C & Sutton S. 2010. Competing pressures of risk and absorptive capacity potential on commitment and information sharing in global supply chains. European Journal of Information Systems. 19 (2): 134-152.

Grafton J, Lillis A & Widener S. 2010. The Role of Performance Measurement and Evaluation in Building Organizational Capabilities and Performance. Accounting Organizations and Society. 35 (2010): 689-706.

Brown C & Norman D. 2010. Management choice of buyback method:Australian evidence. Accounting and Finance. 50 (4): 767-782.

Hronsky J. 2010. IFRS 9, impairment and procyclicality: is the cure worse than the disease? JASSA. 4: 55-59.

Cobbin P & Burrows G. 2010. The British Navy’s 1888 Budgetary Reforms. Accounting History. 15 (2): 153-172.

King R, Clarkson P & Wallace S. 2010. Budgeting practices and performance in small healthcare businesses. Management Accounting Research. 21 (1): 40-55.

Economics

Research Books Creedy J & Gemmell N. 2010. Modelling Corporation Tax Revenue. Cheltenham, United Kingdom: Edward Elgar Publishing. O Brien D & Creedy J. 2010. Darwin’s Clever Neighbour: George Warde Norman and his Circle. Cheltenham, United Kingdom: Edward Elgar Publishing.

Research Book Chapters Ashok S, Cameron L & Gangadharan L. 2010. Kuznets Curve. In Blaug M & Lloyd P (eds), Famous Figures and Diagrams in Economics. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 439-446. Blaug M & Lloyd P. 2010. Indifference Curves and Isoquants. In Blaug M & Lloyd P (eds), Famous Figures and Diagrams in Economics. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 43-49. Creedy J. 2010. Preface. In Barbe L (ed), Francis Ysidro Edgeworth: Portrait with Family and Friends. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. xii-xviii. Creedy J. 2010. The Edgeworth Box. In Blaug M & Lloyd PJ (eds), Famous Diagrams and Figures in Economics. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 233-238. Creedy J. 2010. The personal income tax structure: theory and policy. In Claus I, Gemmell N, Harding M & White D (eds), Tax Reform in Open Economies. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 137-165. Annual Report 2010 Outlook 2011 33

Creedy J. 2010. The role of numbers in competition. In Blaug M & Lloyd PJ (eds), Famous Diagrams and Figures in Economics. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 239-244.

Lloyd P. 2010. The Trade Theory Diagram. In Blaug M & Lloyd P (eds), Famous Figures and Diagrams in Economics. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 310-316.

Dixon R. 2010. Classification of Technical Change. In Blaug M & Lloyd P (eds), Famous Figures and Diagrams in Economics. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 83-88.

Refereed Journal Articles

Dixon R. 2010. Elasticity of Substitution. In Blaug M & Lloyd P (eds), Famous Figures and Diagrams in Economics. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 50-57. Erkal N. 2010. Hotelling•’s Model of Spatial Competition. In Blaug M & Lloyd P (eds), Famous Figures and Diagrams in Economics. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. . Freebairn J. 2010. Carbon taxes vs tradable permits: efficiency and equity effects for a small open economy. In Claus I, Gemmell N, Harding M & White D (eds), Tax Reform in Open Economies. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 219-240. Freebairn J. 2010. Overview of Australia’s Future Tax System. In Evans C, Krever R & Mellor P (eds), Australia’s Future Tax System: The Prospects After Henry. Sydney, Australia: Thompson Reuters, pp. 11-62. Freebairn J. 2010. Some Macroeconomic Implications of the Future Fund. In Xu Y & Bahgat G (eds), The Political Economy of Sovereign Wealth Funds. New York, United States: Palgrave Macmillan, pp. 132-142. Lloyd P. 2010. Pareto Efficiency. In Blaug M & Lloyd P (eds), Famous Figures and Diagrams in Economics. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 272-279.

34 Annual Report 2010 Outlook 2011

Anderson S, Loertscher S & Schneider Y. 2010. The ABC of complementary products mergers. Economics Letters. 106 (3): 212-215. Balistreri E, Hillberry R & Rutherford T. 2010. Trade and Welfare: Does Industrial Organization Matter? Economics Letters. 109 (2): 85-87. Bhattacharyya S & Hodler R. 2010. Natural resources, democracy and corruption. European Economic Review. 54 (4): 608-621. Chen P. 2010. Clocks and Fisher Information. Theoretical and Mathematical Physics. 165 (2): 1552-1564. Chen P. 2010. Pension funding problem with regime-switching geometric Brownian motion assets and liabilities. Applied Stochastic Models in Business and Industry. 26: 125-141. Chindamo P & Uren L. 2010. Vacancies and Unemployment in Australia. Australian Economic Review. 43 (2): 136-52. Creedy J. 2010. Behavioural Responses to Corporate Profit Taxation. Hacienda Publica Espanola. 193 (2): 109-130. Creedy J. 2010. Education Vouchers and Labour Supply. Australian Journal of Labour Economics. 13 (2): 155-173. Creedy J. 2010. Elasticity of Taxable Income: an introduction and some basic analytics. Public Finance and Management. 10 (4): 556-589. Creedy J. 2010. Reflections on a Tax System for New Zealand’s Future. Agenda – A Journal of Policy Analysis and Reform. 17 (1): 63-73. Creedy J. 2010. Tax and transfer tensions: designing direct tax structures. Australian Economic Review. 43 (2): 103-113.

Creedy J, Enright J, Gemmell N & Mellish A. 2010. Population ageing and taxation in New Zealand. New Zealand Economic Papers. 44 (2): 137-158. Creedy J & Gemmell N. 2010. Modelling Responses to Profit Taxation Over the Economic Cycle: the case of the UK corporation tax. FinanzArchiv. 66: 207-235. Creedy J, Gemmell N, Enright J & Mcnabb N. 2010. Income redistribution and direct taxes and transfers in New Zealand. Australian Economic Review. 43 (1): 9-51. Creedy J, Li S & Moslehi S. 2010. Inequality Aversion and the Optimal Composition of Government Expenditure. Macroeconomic Dynamics. 14: 290-306. Creedy J & Moslehi S. 2010. The Optimal Composition of Government Expenditure Among Transfers, Education and Public Goods. Hacienda Publica Espanola. 194 (3): 41-64. Creedy J & Moslehi S. 2010. The Role of Home Production in Voting Over Taxes and Expenditure. Australian Journal of Labour Economics. 13 (1): 81-97. Creedy J & Sanz-Sanz J. 2010. Revenue Elasticities in Complex Income Tax Structures: an application to Spain. Fiscal Studies. 31 (4): 535-561. Croser J, Lloyd P & Anderson K. 2010. How Do Agricultural Policy Restrictions on Global Trade and Welfare Differ Across Commodities? American Journal of Agricultural Economics. 92 (3): 698-712. Davies W, Hirschberg J, Lye J & Johnston C. 2010. A systematic analysis of quality of teaching surveys. Assessment & Evaluation in Higher Education. 35 (1): 83-96. De Fontenay C, Gans J & Groves V. 2010. Exclusivity, competition and the irrelevance of internal investment. International Journal of Industrial Organization. 28: 336-340.

Denson N & Joshi M. 2010. Smooth calibration of Markov functional models for pricing exotic interest rate derivatives. Risk. August: 81-83. Dickson D & Li S. 2010. Finite time ruin problems for the Erlang(2) risk model. Insurance: Mathematics & Economics. 46 (1): 12-18. Dixon R & Shepherd D. 2010. Models of labour services and estimates of total factor productivity. Applied Economics. 42 (28): 3629-3634. Dufresne D. 2010. G distributions and the beta-gamma algebra. Electronic Journal of Probability. 15 (71) : 21632199. Dufresne D. 2010. The Beta Product Distribution with Complex Parameters. Communications In Statistics – Theory and Methods. 39: 837-854. Erkal N & Piccinin D. 2010. Cooperative R&D under Uncertainty with Free Entry. International Journal of Industrial Organization. 28 (1): 74-85. Erkal N & Piccinin D. 2010. WelfareReducing Mergers in Differentiated Oligoplies with Free Entry. The Economic Record. 86 (273): 178-184. Fogarty S, Harris D, Zaslawski C, Mcainch A & Stojanovska L. 2010. Acupuncture as an adjunct therapy in the treatment of eating disorders: A randomised cross-over pilot study. Complementary Therapies in Medicine. 18: 223-240. Freebairn J. 2010. Special Taxation of Alcoholic Beverages to Correct Market Failures. Economic Papers. 29 (2): 200-214. Freebairn J. 2010. Taxation and Obesity. Australian Economic Review. 43 (1): 54-62. Freebairn J & Quiggin J. 2010. Special Taxation of the Mining Industry. Economic Papers. 29 (4): 384-396. Freebairn J & Warren D. 2010. Retirement Incomes and Employment Decisions of the Mature Aged. Australian Economic Review. 43 (3): 312-320.

Frijters P, Hatton T, Martin R & Shields M. 2010. Childhood economic conditions and length of life: Evidence from the UK Boyd Orr cohort, 1937 – 2005. Journal of Health Economics. 29 (1): 39-47. Fry R, Martin V & Tang C. 2010. A New Class of Tests of Contagion With Applications. Journal of Business and Economic Statistics. 28 (3): 423-437. Gibson J & Olivia S. 2010. The effect of infrastructure access and quality on non-farm enterprises in rural Indonesia. World Development. 38 (5): 717-726. Gielen A, Kerkhofs M & Van Ours J. 2010. How performance related pay affects productivity and employment. Journal of Population Economics. 23: 291-301. Gielen A & Van Ours J. 2010. Layoffs, quits and wage negotiations. Economics Letters. 109: 108-111. Griffiths W, Newton L & O’Donnell C. 2010. Predictive densities for models with stochastic regressors and inequality constraints: Forecasting local-area wheat yield. International Journal of Forecasting. 26: 397-412. Griffiths W & Webster E. 2010. What governs firm-level R&D: Internal or external factors? Technovation. 30 (7-8): 471-481. Guest R & Mcdonald I. 2010. Otherregarding Uzawa preferences and living standard catch-up. Pacific Economic Review. 15 (1): 87-115. Henry O & Olekalns N. 2010. Peacock and Wiseman’s displacement hypothesis: some new long-run evidence for the UK. Applied Economics. 42: 1455-1460. Henry O, Olekalns N & Shields K. 2010. Sign and phase asymmetry: News, economic activity and the stock market. Journal of Macroeconomics. 32 (4): 1083-1100. Hicks R & Borland J. 2010. Are Health Economics Making Us Sick? Journal of Nuclear Medicine. 51 (11): 16651667.

Hirschberg J & Lye J. 2010. A Geometric Comparison of the Delta and Fieller Confidence Intervals. American Statistician. 64: 234-241. Hirschberg J & Lye J. 2010. A reinterpretation of interactions in regressions. Applied Economics Letters. 17: 472-430. Hirschberg J & Lye J. 2010. Two Geometric Representations of Confidence Intervals for Ratios of Linear Combinations of Regression Parameters: An Application to the NAIRU. Economics Letters. 108: 73-76. Hodler R, Loertscher S & Rohner D. 2010. Inefficient policies and incumbency advantage. Journal of Public Economics. 94: 761-767. Horne A, Stewardson M, Freebairn J & Mcmahon T. 2010. Using an economic framework to inform management of envrionmental entitlements. River Research and Applications. 26 (6): 779-795. Joshi M. 2010. Achieving Higher Order Convergence for the Prices of European Options in Binomial Trees. Mathematical Finance. 20 (1): 89-103. Joshi M & Pitt D. 2010. Fast Sensitivity Computations for Monte Carlo Valuation of Pension Funds. Astin Bulletin. 40 (2): 655-667. Joshi M & Tang R. 2010. Pricing and Deltas of Discretely-Monitored Barrier Options Using Stratified Sampling on the Hitting-Times to the Barrier. International Journal of Theoretical and Applied Finance. 13 (5): 717-750. Joshi M & Yang C. 2010. Fast and Accurate Pricing and Hedging of Long-Dated CMS Spread Options. International Journal of Theoretical and Applied Finance. 13 (6): 839-865. Lee W & Coelli M. 2010. The Labour Market Effects of Vocational Education and Training in Australia. Australian Economic Review. 43 (4): 389-408. Li S. 2010. Employment Flows with Endogenous Financing Constraint. BE Journal of Macroeconomics. 10 (1): Article 20-Article 20. Annual Report 2010 Outlook 2011 35

Li S & Lu Y. 2010. On the maximum severity of ruin in the compound Poisson model with a threshold dividend strategy. Scandinavian Actuarial Journal. 2: 136-147.

Tuit S & Van Ours J. 2010. How Changes in Unemployment Benefit Duration Affect the Inflow into Unemployment. Economics Letters. 109 (2): 105-107.

Lloyd P & MacLaren D. 2010. Partial- and General-Equilibrium Measures of Trade Restrictiveness. Review of International Economics. 18 (5): 1044-1057.

Van Ours J & Veenman J. 2010. How interethnic marriages affect the educational attainment of children: Evidence from a natural experiment. Labour Economics. 17: 111-117.

Lye J & Hirschberg J. 2010. Alcohol Consumption and Human Capital: A Retrospective Study of the Literature. Journal of Economic Surveys. 24: 309-338.

Vinh A, Griffiths W & Chotikapanich D. 2010. Bivariate income distributions for assessing inequality and poverty under dependent samples. Economic Modelling. 27: 1473-1483.

McCorriston S & MacLaren D. 2010. Assessing the Distortionary Impact of State Trading in China. Agricultural Economics. 41: 329-335.

Wu X & Li S. 2010. Matrix-Form Recursions for a Family of Compound Distributions. Astin Bulletin. 40 (1): 351-368.

McCorriston S & MacLaren D. 2010. The Trade and Welfare Effects of State Trading in China with Reference to COFCO. The World Economy. 33 (4): 615-632.

Yip P, Pitt D, Wang Y, Wu X, Watson R, Huggins R & Xu Y. 2010. Assessing the impact of suicide exclusion periods on life insurance. Crisis: the journal of crisis intervention and suicide prevention. 31 (4): 217-223.

Nikiforakis N. 2010. Experimental Economics. Australian Economic Review. 43 (3): 337-345. Nikiforakis N. 2010. Feedback, Punishment and Cooperation in Public Good Experiments. Games and Economic Behavior. 68 (2): 689-702. Nikiforakis N, Normann H & Wallace B. 2010. Asymmetric Enforcement of Cooperation in a Social Dilemma. Southern Economic Journal. 76: 638-659. Paarsch H. 2010. Testing Affiliation in Private-Value Models of First-Price Auctions Using Grid Distributions. Annals of Applied Statistics. 4 (4): 2073-2098. Raposo P & Van Ours J. 2010. How working time reduction affects jobs and wages. Economics Letters. 106: 61-63. Raposo R & Van Ours J. 2010. How a Reduction of Standard Working Hours Affects Employment Dynamics. De Economist. 158 (2): 193-207.

36 Annual Report 2010 Outlook 2011

Zhang Z, Yang H & Li S. 2010. The perturbed compound Poisson risk model with two-sided jumps. Journal of Computational and Applied Mathematics. 233 (8): 1773-1784. Finance

Research Book Chapters Brown C & Davis K. 2010. Australia’s experience in the global financial crisis. In Kolb R (ed), Lessons from the Financial Crisis: Causes, Consequences, and Our Economic Future. New Jersey, United States: Wiley-Liss Coleman L. 2010. Corporate Meltdowns. In Rosenthal U, Jacobs B, Comfort LK & Helsloot I (eds), Megacrises. Springfield, IL, United States: Charles C Thomas Publisher Ltd Gygax A. 2010. Financial Markets, Investment Analysis and Trading in Primary and Secondary Markets. In Gregoriou GN (ed), The Handbook of Trading: Strategies for navigating and profiting from currency, bond, and stock markets. New York, United States: McGraw Hill, pp. 403-415.

Rosch D & Scheule HS. 2010. Downturn Model Risk: Another View on the Global Financial Crisis. In Rosch D & Scheule H (eds), Model Risk: Identification, Measurement and Management. London, United Kingdom: Risk Books, pp. 3-18.

Refereed Journal Articles Brown C & Norman D. 2010. Management choice of buyback method:Australian evidence. Accounting and Finance. 50 (4): 767-782. Brown C, Trusler C & Davis K. 2010. Managed Investment Scheme regulation: Lessons from the Great Southern failure. JASSA. 2: 25-30. Brown C, Dark J & Davis K. 2010. Exchange traded contracts for difference: Design, pricing, and effects. Journal of Futures Markets. 30 (12): 1108-1149. Chan H, Chang X, Faff R & Wong G. 2010. Financial Constraints and Stock Returns – Evidence from Australia. Pacific-Basin Finance Journal. 18 (2010): 306-318. Choe C & Shekhar C. 2010. Compulsory or voluntary pre-merger notification? Theory and some evidence. International Journal of Industrial Organization. 28 (1): 10-20. Coleman L. 2010. The price gold shareholders place on market risks. Applied Financial Economics. 20 (10): 795-802. Coleman L, Maheswaran K & Pinder S. 2010. Narratives in managers’ corporate finance decisions. Accounting and Finance. 50 (3): 605-633. Coleman L & Pinder S. 2010. What were they thinking? Reports from interviews with senior finance executives in the lead-up to the GFC. Applied Financial Economics. 20 (1 & 2): 7-14. Dark J. 2010. Estimation of time varying skewness and kurtosis with an application to Value at Risk. Studies in Nonlinear Dynamics & Econometrics. 14 (2): 3.

Dark J, Zhang X & Qu N. 2010. Influence diagnostics for multivariate GARCH processes. Journal of Time Series Analysis. 31 (4): 278-291. Davis K. 2010. Regulatory responses to the financial sector crisis. Griffith Law Review. 19 (1): 117-138. Davis K. 2010. Why pre-tax discount rates should be avoided. Journal of Applied Research in Accounting and Finance. 5 (2): 2-5. De Jong A, Verbeek M & Verwijmeren P. 2010. The Impact of Financing Surpluses and Large Financing Deficits on Tests of the Pecking Order Theory. Financial Management. 39 (2): 733-756. De Jong A & Verwijmeren P. 2010. To have a target debt ratio or not: What difference does it make? Applied Financial Economics. 20 (3): 219-226. Docherty P & Chan H. 2010. Tangibility and Investment Irreversibility in Investment Pricing. Accounting and Finance. 50 (2010): 809-827. Grundy B & Li H. 2010. Investor sentiment, executive compensation, and corporate investment. Journal of Banking & Finance. 34 (10): 2439-2449. Gygax A & Otchere I. 2010. Index composition changes and the cost of incumbency. Journal of Banking & Finance. 34 (10): 2500-2509. Inkmann J. 2010. Estimating firm size elasticities of product and process R&D. Economica. 77 (306): 384-402. Jennen M & Verwijmeren P. 2010. Agglomeration effects and financial performance. Urban Studies. 47 (12): 2683-2703.

Octavia M & Brown R. 2010. Determinants of bank capital structure in developing countries: Regulatory capital requirement versus the standard determinants of capital structure. Journal of Emerging Markets. 15 (1): 50-62. Phua V, Chan H, Faff R & Hudson R. 2010. The Influence of Time, Seasonality and Market State on Momentum: Insights from the Australian Stock Market. Applied Financial Economics. 20: 1547-1563. Pinder S, Coleman L & Curtis J. 2010. An analysis of the link between performance and effort focusing on student engagement with nonassessable material. Journal of Financial Education. 36 (3): 67-83. Raghavan M, Dark J & Maharaj E. 2010. Impact of capital control measures on the Malaysian stock market: A multiresolution analysis. International Journal of Managerial Finance. 6 (2): 116-127. Roesch D & Scheule H. 2010. Downturn credit portfolio risk, regulatory capital and prudential incentives. International Review of Finance. 10 (2): 185-207. Sawyer K, Gygax A & Hazledine M. 2010. Pricing errors and estimates of risk premia in factor models. Annals of Finance. 6 (3): 391-403. Verwijmeren P & Derwall J. 2010. Employee well-being, firm leverage and bankruptcy risk. Journal of Banking & Finance. 34 (5): 956-964. Management and Marketing

Research Books

Lamba A & Miranda V. 2010. The Role of Executive Stock Options in OnMarket Share Buybacks. International Review of Finance. 10 (3): 339-363.

Harzing A. 2010. The Publish or Perish Book: Your Guide to Effective and Responsible Citation Analysis. Melbourne, Australia: Tarma Software Research Pty Ltd.

Mirbagheri N, Dark J & Watters D. 2010. How Do Patients Aged 85 and Older Fare with Abdominal Surgery? Journal of the American Geriatrics Society. 58 (1): 104-108.

Zhu Y, Webber M & Benson J. 2010. The Everyday Impact of Economic Reform in China: Management Change, Enterprise Performance and Daily Life. United Kingdom: Routledge.

Research Book Chapters Dick H. 2010. Thee Kian Wie in His Own Time: Some Impressions. In Lindblad J & Purwanto B (eds), Essays in Honour of Thee Kian Wie. Jakarta, Indonesia: Penerbit Ombak, pp. 9-40. Hardy C. 2010. Textualizing Technology: Knowledge, Artefact and Practice. In Phllips N, Sewell G & Griffiths D (eds), Technology and Organization: Essays in Honour of Joan Woodward. London, United Kingdom: Emerald Group Publishing Limited, pp. 215-262. Pinnington A & Harzing A. 2010. International Human Resource Management â&#x20AC;&#x201C; Introduction. International Human Resource Management. London, United Kingdom: Sage Publications, pp. 1-9. Power D. 2010. Supply Chain Enabling Technologies: Management Challenges and Opportunities. In Gunasekaran A & Sandhu M (eds), Handbook on Business Information Systems. Singapore: World Scientific Publishing Co, pp. 655-674. Pudelko M & Harzing A. 2010. Japanese human resource management: inspirations from abroad and current trends of change. In Bebenroth R & Kanai T (eds), Challenges of Human Resource Management in Japan. London, United Kingdom: Routledge, pp. 28-60. Reiche B & Harzing A. 2010. International Assignments. In Harzing AW & Pinnington AH (eds), International Human Resource Management. London, United Kingdom: Sage Publications, pp. 185-226. Rowley C, Poon I, Zhu Y & Warner M. 2010. Approaches to IHRM. In Harzing AW & Pennington AH (eds), International Human Resource Management. London, United Kingdom: Sage Publications, pp. 153-182.

Annual Report 2010 Outlook 2011 37

Sewell G & Phillips N. 2010. Joan Woodward and the Study of Organizations. In Phillips N, Sewell G & Griffiths D (eds), Technology and Organization: Essays in Honour of Joan Woodward. London, United Kingdom: Emerald Group Publishing Limited, pp. 3-20. Zhu Y, Rowley C & Warner M. 2010. Human Resource Management in Asia. The Handbook of Technology Management, Volume 2, Supply Chain Management, Marketing and Advertising, and Global Management. New Jersey, United States: John Wiley & Sons, pp. 814-827. Zhu Y, Warner M & Rowley C. 2010. Global and Local Resourcing. In Harzing AW & Pennington AH (eds), International Human Resource Management. London, United Kingdom: Sage Publications, pp. 415-439.

Refereed Journal Articles Ainsworth S, Knox A & O’Flynn J. 2010. ‘A Blinding Lack of Progress’: Management Rhetoric and Affirmative Action. Gender, Work and Organization. 17 (6): 658-678. Akkermans D, Harzing A & Van Witteloostuijn A. 2010. Cultural Accommodation and Language Priming. Competitive versus Cooperative Behaviour in a Prisoner’s Dilemma Game. MIR - Management International Review. 50 (5): 559-583. Bell S, Menguc B & Widing R. 2010. Salesperson Learning, Organizational Learning, and Retail Store Performance. Journal of the Academy of Marketing Science. 38 (2): 187-201.

Brown M, Hyatt D & Benson J. 2010. Consequences of the Performance Appraisal Experience. Personnel Review. 39 (3): 375-396. Carrington M, Neville B & Whitwell G. 2010. Why ethical consumers don’t walk their talk: Towards a framework for understanding the gap between the ethical purchase intentions and actual buying behaviour of ethicallyminded consumers. Journal of Business Ethics. 97 (1): 139-158. Chmielewski-Raimondo D. 2010. A conceptual exploration of the strategic factors driving new brand entry decisions and their success. Australasian Marketing Journal. 18 (2): 66-73. Cregan C & Brown M. 2010. The influence of union membership status on workers’ willingness to participate in joint consultation. Human Relations. 63 (3): 331-348. Dick H. 2010. The Archipelagic Paradox: Islands, Cities and the Modern State, 1808-2008. Economics and Finance in Indonesia. 58 (1): 37-56. Eisingerich A, Bell S & Tracey P. 2010. How Can Clusters Sustain Performance? The Role of Network Strength, Network Openness, and Environmental Uncertainty. Research Policy. 39 (2): 239-253. Hardy C & Maguire S. 2010. Discourse, Field-configuring Events and Change in Organizations and Institutional Fields: Narratives of DDT and the Stockholm Convention. Academy of Management Journal. 53 (6): 1365-1391.

Benson J & Brown M. 2010. Employee Voice: Does Union Membership Matter? Human Resource Management Journal. 20 (1): 80-99.

Harley W, Sargent L & Allen B. 2010. Employee responses to ‘high performance work systems’ practice: an empirical test of the disciplined worker thesis. Work, Employment and Society. 24 (4 : 1-21.

Bradshaw A & Canniford R. 2010. Excremental Theory Development. Journal of Consumer Behaviour: an international research review. 9 (2): 102-112.

Hu W, Tam O & Tan M. 2010. Internal governance mechanisms and firm performance in China. Asia Pacific Journal of Management. 27 (4): 727-749.

38 Annual Report 2010 Outlook 2011

Joslin F, Waters Scholes L & Dudgeon P. 2010. Perceived acceptance and work standards as predictors of work attitudes and behavior and employee psychological distress following an internal business merger. Journal of Managerial Psychology. 25 (1): 22-43. Kiazad K, Restubog S, Zagenczyk T, Kiewitz C & Tang R. 2010. In pursuit of power: The role of authoritarian leadership in the relationship between supervisors’ Machiavellianism and subordinates’ perceptions of abusive supervisory behavior. Journal of Research in Personality. 44: 512-519. Krishnamurthy P & Nagpal A. 2010. Making Choices Under Conflict: The Impact of Decision Frames. Marketing Letters: a journal of research in marketing. 21 (1): 37-51. Lo S & Power D. 2010. An Empirical Investigation of the Relationship Between Product Nature and Supply Chain Strategy. Supply Chain Management: An International Journal. 15 (2): 139-153. Mansour-Nahra P & Singh P. 2010. Business Made Profective. Problems & Perspectives in Management. 8 (4) : 103-109. Miles R, Snow C, Fjeldstad O, Miles G & Lettl C. 2010. Designing Organizations to Meet 21st-Century Opportunities and Challenges. Organizational Dynamics. 39 (2): 93-103. Okano H & Samson D. 2010. Cultural urban branding and creative cities: A theoretical framework for promoting creativity in the public spaces. Cities. 27 – Special issue: 511-515. Phipps M, Brace-Govan J & Jevons C. 2010. The Duality of Political Brand Equity. European Journal of Marketing. 44 (3/4): 496-514. Power D, Hanna V, Singh P & Samson D. 2010. Electronic Markets, Data Access and Collaboration: Relative Value to Performance in Firm Operations. Supply Chain Management: An International Journal. 15 (3): 238-251.

Power D, Schoenherr T & Samson D. 2010. The Cultural Characteristic of Individualism/Collectivism: A Comparative Study of Implications for Investment in Operations between Emerging Asian and Industrialized Western Countries. Journal of Operations Management. 28 (3): 206-222. Preacher K, Zyphur M & Zhang Z. 2010. A General Multilevel SEM Framework for Assessing Multilevel Mediation. Psychological Methods. 15 (3): 209-233. Sewell G. 2010. Metaphor, Myth, and Theory Building: Communication Studies Meets the Linguistic Turn in Sociology, Anthropology, and Philosophy. Management Communication Quarterly. 24 (1): 139-150. Sitalaksmi S & Zhu Y. 2010. The transformation of human resource management in Indonesian stateowned enterprises since the Asian Crisis. Asia Pacific Business Review. 16 (1-2): 37-57. Smith S & Paladino A. 2010. “Eating Clean & Green? Investigating Consumer Motivations Towards The Purchase Of Organic Food”. Australasian Marketing Journal. 18 (2): 93-104. Spicer A & Sewell G. 2010. From National Service to Global Playe: Transforming the Organizational Logic of a Public Broadcaster. Journal of Management Studies. 47 (6): 913-943. Tam O, Tan M & Hu W. 2010. Governance and Performance in Compliance versus Non-Compliance Chinese Listed Companies. Corporate Board: role, duties and composition. 6 (3): 31-41. Terziovski M. 2010. Innovation practice and its performance implications in small to medium enterprises (SMEs): A Resource-based view. Strategic Management Journal. 318 (8): 892-902.

Verhezen P. 2010. Giving Voice in a Culture of Silence. From a Culture of Compliance to a Culture of Integrity. Journal of Business Ethics. 96 (2): 187-206.

Refereed Journal Articles

Warner M & Zhu Y. 2010. Labour and management in the People’s Republic of China: seeking the ‘harmonious society’. Asia Pacific Business Review. 16 (3): 285-298.

Antecol H & Cobb-Clark D. 2010. The Effect of Community-Level Socio-Economic Conditions on Threatening Racial Encounters. Regional Science and Urban Economics. 40 (6): 517-529.

Zhu Y, Webber M & Benson J. 2010. Intangible Management and Enterprise Success in the Chinese Transitional Economy. Asia Pacific Business Review. 16 (3): 437-460. Melbourne Institute

Research Book Chapters Drago R & Wooden M. 2010. Work Hours Mismatch in the United States and Australia. In Schneider B & Christensen K (eds), Workplace Flexibility: Realigning 20th-Century Jobs for a 21st-Century Workforce. Ithaca, United States: Cornell University Press, pp. 262-275. Garnaut R. 2010. Climate Change and the Great Crash of 2008. In Jubb Imogen, Holper P & Cai W (eds), Greenhouse 2009 Conference, CSIRO. Australia: CSIRO Publications, pp. 17-28. Herault N & Thurlow J. 2010. South Africa. Agricultural Price Distortions, Inequality, and Poverty. Washington DC, United States: The World Bank, pp. 331-356. Kalb G. 2010. Modelling Labour Supply Responses in Australia and New Zealand. Tax Reform in Open Economies: International and Country Perspectives. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 166-193. Williams R. 2010. Engel Curves. In Blaug M & Lloyd P (eds), Famous Figures and Diagrams in Economics. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 64-68.

Alan S, Atalay K, Crossley T & Jeon S. 2010. New Evidence on Taxes and Portfolio Choice. Journal of Public Economics. 94 (11-12): 813-823.

Anyadike-Danes M & McVicar D. 2010. My brilliant career: characterizing the labour market trajectories of British women of Generation X. Sociological Methods & Research. 58 (3): 482-512. Baron J & Cobb-Clark D. 2010. Occupational Segregation and the Gender Wage Gap in Private- and Public-Sector Employment: A Distributional Analysis. The Economic Record. 86 (273): 227-246. Bell D & McVicar D. 2010. `Disability Welfare Systems and the Labour Force Participation of Older Workers in Europe’. Contemporary Social Science: Journal of the Academy of Social Sciences. 5 (3): 261 -77. Black D, Tseng Y & Wilkins R. 2010. The Decline in Male Employment in Australia: A Cohort Analysis. Australian Economic Papers. 49 (3): 180-199. Buddelmeyer H, Jensen P & Webster E. 2010. Innovation and the determinants of company survival. Oxford Economic Papers. 62 (2): 261-285. Buddelmeyer H, Lee W & Wooden M. 2010. Low-Paid Employment and Unemployment Dynamics in Australia. The Economic Record. 86 (272): 28-48. Cai L. 2010. The Relationship between Health and Labour Force Participation: Evidence from a Panel Data Simultaneous Equation Model. Labour Economics. 17 (1): 77-90.

Annual Report 2010 Outlook 2011 39

Campbell S, Scott A, Parker R, Naccarella L, Furler J, Young D & Sivey P. 2010. Implementing pay-forperformance in Australian primary care: lessons for the United Kingdom and the United States. Medical Journal of Australia. 193 (7): 408-411. Chen P & Hsiao C. 2010. Causal Inference for Structural Equations: With an Application to Wage-Price Spiral. Computational Economics. 36 (1): 17-36. Chen P & Hsiao C. 2010. Subsampling the Johansen Test with Stable Innovations. Australian & New Zealand Journal of Statistics. 52 (1): 61-73. Chua C, Palangkaraya A & Yong J. 2010. A two-stage estimation of hospital quality using mortality outcome measures: An application using hospital administrative data. Health Economics. 19 (12): 1404-1424. Cobb-Clark D. 2010. Disadvantage Across the Generations: What Do We Know about Social and Economic Mobility in Australia? The Economic Record. 86 (S1): 13-17. Cobb-Clark D & Hildebrand V. 2010. The Asset Portfolios of Older Australian Households. Australian Social Policy Journal. 9: 1-39. Eccles M, Shepperd S, Scott A, Flodgren G, Parmelli E & Beyer F. 2010. An Overview of Reviews Evaluating the Effects of Financial Incentives on Changing Healthcare Professional Behaviours and Patient Outcomes (Protocol). Cochrane Database of Systematic Reviews. 2010 (7): Frederickson J, Webster E & Williamson I. 2010. Is the Current Accounting and Disclosure Treatment of Employer-Sponsored Education and Training Costs Under GAAP Appropriate? Australian Accounting Review. 20 (3): 265-273. Freebairn J & Warren D. 2010. Retirement Incomes and Employment Decisions of the Mature Aged. Australian Economic Review. 43 (3): 312-320. 40 Annual Report 2010 Outlook 2011

Garnaut R. 2010. Macro-Economic Implications of the Turning Point. China Economic Journal. 3 (2): 181-190. Garnaut R. 2010. Policy Framework for Transition to a Low-Carbon World Economy. Asian Economic Policy Review. 5 (1): 19-33. Garnaut R. 2010. Principles and practice of resource rent taxation. Australian Economic Review. 43 (4): 347-356. Gravelle H & Sivey P. 2010. Imperfect information in a quality-competitive hospital market. Journal of Health Economics. 29 (4): 524-535. Gregg P, Scutella R & Wadsworth J. 2010. Reconciling Workless Measures at the Individual and Household Level. Theory and Evidence from the United States, Britain, Germany, Spain and Australia. Journal of Population Economics. 23 (1): 139-167. Griffiths W & Webster E. 2010. What governs firm-level R&D: Internal or external factors? Technovation. 30 (7-8): 471-481. Hanel B. 2010. Financial incentives to postpone retirement and further effects on employment – Evidence from a natural experiment. Labour Economics. 17 (3): 474-486. Headey B. 2010. The Set-Point Theory of Well-Being Has Serious Flaws: On the Eve of Scientific Revolution? Social Indicators Research. 97 (1): 7-21. Headey B, Muffels R & Wagner G. 2010. Long-running German panel survey shows that personal and economic choices, not just genes, matter for happiness. Proceedings of the National Academy of Sciences of the United States of America. 107 (42): 17922-17926. Headey B, Schupp J, Tucci I & Wagner G. 2010. Authentic Happiness Theory Supported by Impact of Religion on Life Satisfaction: A Longitudinal Analysis with Data for Germany. The Journal of Positive Psychology. 5 (1): 73-82.

Herault N. 2010. Sequential linking of Computable General Equilibrium and Microsimulation Models: A Comparison of Behavioural and Reweighting Techniques. International Journal of Microsimulation. 3 (1): 35-42. Jensen P. 2010. Exploring the Uses of Matched Employer-Employee Datasets. Australian Economic Review. 43 (2): 209-216. Jeon S & Hurley J. 2010. Physician Resource Planning in Canada: The Need for a Stronger Behavioural Foundation. Canadian Public Policy. 36 (3): 359-375. Joyce C, Scott A, Jeon S, Humphreys J, Kalb G, Witt J & Leahy A. 2010. The “Medicine in Australia: Balancing Employment and Life (MABEL)” longitudinal survey – Protocol and baseline data for a prospective cohort study of Australian doctors’ workforce participation. BMC Health Services Research. 10 (50): Kalb G & Thoresen T. 2010. A comparison of family policy designs of Australia and Norway using microsimulation models. Review of Economics of the Household. 8 (2): 255-287. Leahy A, Palangkaraya A & Yong J. 2010. Geographical Agglomeration in Australian Manufacturing. Regional Studies. 44 (3): 299-314. Lee W & Coelli M. 2010. `The Labour Market Effects of Vocational Education and Training in Australia’. Australian Economic Review. 43 (4): 389-408. Lee W & Suardi S. 2010. The Australian Firearms Buyback and Its Effect on Gun Deaths. Contemporary Economic Policy. 28 (1): 65-79. Lim G, Chua C, Claus E & Tsiaplias S. 2010. Review of the Australian Economy 2009-10: On the Road to Recovery. Australian Economic Review. 43 (1): 1-11.

Marks G. 2010. Meritocracy, Modernization and Students’ Occupational Expectations: Cross National Evidence. Research in Social Stratification and Mobility. 28 (3): 275-289. Mavromaras K, McGuinness S, O’Leary N, Sloane P & Fok Y. 2010. The Problem of Overskilling in Australia and Britain. Manchester School. 78 (3): 219-241. McGrail M, Humphreys J, Joyce C, Scott A & Kalb G. 2010. Professional Satisfaction and General Practice: Does it Vary by Size of Community? Medical Journal of Australia. 193 (2): 94-96. McVicar D. 2010. Does Job Search Monitoring Intensity Affect Unemployment? Evidence from Northern Ireland. Economica. 77 (306): 296-313. McVicar D & Anyadike-Danes M. 2010. Panel Estimates of the Determinants of British Regional Male Incapacity Benefits Rolls 1998-2006. Applied Economics. 42 (26): 3335-3349. Palangkaraya A. 2010. Patent Application Databases. Australian Economic Review. 43 (1): 77-87. Renzaho A, Wooden M & Houng B. 2010. Associations between Body Mass Index and Health-related Quality of Life among Australian Adults. Quality of Life Research. 19 (4): 515-520. Scott A & Coote W. 2010. Do Regional Primary-Care Organisations Influence Primary-Care Performance? A Dynamic Panel Estimation. Health Economics. 19 (6): 716-729. Scott A, Sivey P, Ait Ouakrim D, Willenberg L, Naccarella L, Furler J & Young D. 2010. The Effect of Financial Incentives on the Quality of Health Care Provided by Primary Care Physicians (Protocol). Cochrane Database of Systematic Reviews. 2010 (4): .

Scutella R & Wilkins R. 2010. Measuring Social Exclusion in Australia: Assessing Existing Data Sources. Australian Economic Review. 43 (4): 449-463. Seymour J, McNamee P, Scott A & Tinelli M. 2010. Shedding new light onto the ceiling and floor? A quantile regression approach to compare EQ-5D and SF-6D responses. Health Economics. 19 (6): 683-696. Street A, Sivey P, Mason A, Miraldo M & Siciliani L. 2010. Are English treatment centres treating less complex patients? Health Policy. 94 (2): 150-157. Thomson R. 2010. Tax Policy and R&D Investment by Australian Firms. The Economic Record. 86 (273): 260-280. Thomson R & Webster E. 2010. The Role of Intellectual Property Rights in Addressing Climate Change: The Case of Agriculture. The WIPO Journal: Analysis and Debate of Intellectual Property Issues. 2 (1): 133-141. Tsiaplias S & Chua C. 2010. Forecasting Australian macroeconomic variables using a large dataset. Australian Economic Papers. 49 (1): 44-59. Warren D & Oguzoglu U. 2010. Retirement in Australia: A Closer Look at the Financial Incentives. Australian Economic Review. 43 (4): 357-375. Watson N & Wooden M. 2010. The HILDA Survey: Progress and Future Developments. Australian Economic Review. 43 (3): 326-336. Weatherall K & Webster E. 2010. Patent Infringement in Australia: Results from a Survey. Federal Law Review. 38 (1): 21-70. Williams R. 2010. Research Output of Australian Universities: Are the Newer Institutions Catching Up? Australian Universities’ Review. 52 (1): 32-36. Wooden M. 2010. An Unfair Safety Net? Australian Bulletin of Labour. 36 (3): 321-326.

PhD Theses Completed

Accounting and Business Information Systems Analysts’ Earnings Forecasts Properties and Earnings Quality Munther Al-Busaidi

Economics Telecommunications Reform and Efficiency Performance: Do Good Institutions Matter? Noorihsan Mohamad A Small Open Economy DSGE Model with a Housing Sector: An Application to Australia Yun Bao Variance Reduction using a Markov Libor Market Model Nicholas Denson

Finance State Ownership, Sovereign Wealth Funds and Firm Performance Zhenhua Liu

Management and Marketing Why Are Expectations of Grievance Resolution Systems Not Met? A Multi-Level Exploration of Three Case Studies in Australia Penelope Webster The Transformation of Indonesian State-Owned Enterprises (SOEs) and the Role of Employment Relations (ER) Sari Sitalaksmi A Study Outsourcing Practices from an Agency Theory Perspective Ananya Bhattacharya Collaboration between Supply Chain Members: A Social Capital Perspective Shahid Al Balushi Responses to Psychological Contract Breach: Moderating Effects of Organisational-Embeddedness Kohyar Kiazad A Consumer Culture Perspective on the Social Shaping of an ‘Unstable’ Technological Artefact: A Sri Lankan Study of the Mobile Telephone Dinuka Wijetunga

Annual Report 2010 Outlook 2011 41

Melbourne Institute Heterogeneity in Firm Performance: An Analysis of Large Australian Firms Andreas Stierwald

Wage-Effort Relationship and Reciprocity in Labour Markets Evgeny Kuznesov

Visiting Research Scholar Grants

The following international visitors were supported in 2010.

Geographical Localisation of Knowledge Flows Yasar Gedik

Mixing the Carrots with the Sticks: An Experiment on Third Party Norm Enforcement Helen Mitchell

The Dynamics of Income Support in Australia Ha Vu

Product Differentiation with Endogenous Costs Hao Zhi Wang

Faculty Honours (Research) Kinsman Scholarships

The Hidden Cost of Childhood Exposure to Crime Shannon Ward

Professor Giuseppe Cavaliere (Department of Statistics, University of Bologna, Italy)

A Game Theoretic Model of the Clean Development Mechanism Simone Wong

Professor Carol Propper (Imperial College London, UK)

In 2010, nineteen Honours students were awarded studentships to work with academics to develop their research essays into publishable journal articles. Accounting and Business Information Systems Operational Risk and the Implied Cost of Capital Yi-Wen Chin An Empirical Study of the Impact of A Contemporary Performance Measurement System Carolyn Deller The Association between Corporate Governance & the “Numbers Game”: An Empirical Analysis Jianxin (Donny) Zhao

Actuarial Studies Truncation and Acceleration of the Tian Tree for the Pricing of American Put Options Ting Chen Further Results on Matrix-Form Recursions for Aggregate Claims Distribution Kok Keng Siaw

Economics Is There Selection Bias in Laboratory Experiments? Blair Cleave The Impact of Refunds, Rebates and Sample Size Information on Voluntary Contributions to Provision Point Public Goods: Evidence from Field Matthew Donazzan

42 Annual Report 2010 Outlook 2011

The Cultural Transmission of Altruism, Trust and Reciprocity, Risk Attitude and Competition: An Experimental Analysis Marina Zhang Human Capital Revisited: Education, Skills and the Labour Market Mike Helal

Finance Tax-Induced Trading Around Important Dates for Off-Market Share Choy Yeing Ho Efficiency in the Online Sports Betting Market: Evidence from the 2008/2009 FA Premier League Erling Kise

Management and Marketing A Stubby of Sustainability: Exploring the Complexity of the Business Case for CSR through Green Beer Jessica Bradley Investigating ‘Strategic’ and ‘Responsive’ Approaches to Corporate Social Responsibility in the Australian Banking Industry Catherine Casler The Impact of Market Orientation on Financial Performance in Times of Turbulence Kelvin Chang

Economics Professor Thibault Fally (University of Colorado, USA) A/Professor Raja Kali (University of Arkansas, USA)

Economics and Melbourne Institute Professor Stephen Pudney (University of Essex, UK)

Management and Marketing A/Professor Maria Kraimer and A/Professor Scott Seibert (Tippie College of Business, University of Iowa, USA) Professor Toru Yoshikawa (DeGroote School of Business, McMaster University, Canada) Professor Thomas Choi (W.P Carey School of Business, Arizona State University, USA) Professor Scott Sampson (Brigham University, USA)

Melbourne Institute Professor Andrew Jones (Department of Economics, University of New York, USA) Professor Moshe Justman (Department of Economics, BenGurion University of Negev, Israel) Professor Marta Tienda (Office of Population Research, Princeton University)

Engagement with business and community Since its establishment in 1924, the Faculty of Business and Economics has been the leading business school in Australia and the region. We have renewed our focus and commitment to developing active linkages with business, government and the community. As the founding Dean of the Faculty, Professor Douglas Copland observed that business and economics education is likely to be much more successful if it springs from the needs of industry and is supported by industry leaders. Active partnerships ensure that the Faculty continues to be of service to the community in providing expert advice on critical issues that relate to economic and social well being; by meeting the ongoing education needs of industry and government and by connecting the academy with current challenges faced by business leaders. Members of the Faculty of Business and Economics engage with the broader community through our ongoing research collaborations with industry, government and the not-for-profit sector. In turn, representatives of the business community, government and non-profit bodies provide major input into the activities of the Faculty through membership of advisory boards, participation in conferences and seminars and engagement with our students.

In partnership with industry By fostering strong and mutually beneficial partnerships with business and community leaders, we can deliver challenging and rigorous programs for students that best reflect the realities of contemporary society and equip our graduates to enter the global, dynamic world of business with confidence. The connections we forge with organisations, through our alumni, the Business and Economics Board and the newly created Foundation for Business and Economics ensure that we keep this promise. Guest speakers from industry, executives in residence, industry mentors, host companies for business practicum subjects, sponsorship of student events are a few examples of how organisations can work with us to support teaching and learning outcomes. In turn, our friends in the business community gain brand profile and industry recognition and increase their opportunities to recruit the most talented students into their organisations.

Access to ongoing education for experience has assisted organisations to gain a competitive edge and support the development of human capital. In 2010, the Graduate School of Business and Economics partnered with the Australian Scholarships Foundation to provide targeted development opportunities for leaders from the not-for-profit sector. Business, government and notfor-profit organisations also draw upon our research expertise. In 2010 the Faculty offered client driven research as well as professional advice, expert witness services, testing and surveys. One recent example of this is the publication of the fourth edition of the Index of Australian Industry. The report is a comprehensive, interindustry, multi-indicator approach to measuring the rate of innovative activity in Australia. It embraces six different dimensions of innovation which have all been adjusted for the level of economic activity. Accordingly, the Innovation Index is a measure of the proportion of total activity that is taken up with innovative endeavours.

Annual Report 2010 Outlook 2011 43

Engagement with our students Students are encouraged to engage with the wider community through internships, case study competitions, consulting projects and participation in voluntary activities.

Career Mentoring Program The Business and Economics Career Mentoring Program is a significant step towards success for the students who are matched for 10 months with industry mentors according to their degree specialisation and professional areas of interest. The Career Mentors come from a very wide range of professional fields from the private and public sectors alike, many of them University of Melbourne alumni. These successful mentor-mentee relationships enable students to gain insights into specific industries and begin to develop personal and professional networks. In 2010, the 162 mentors from large, medium and small organisations including Deloitte, NAB, ANZ, KPMG, JP Morgan Chase Bank Berhad, Australia Post, Transurban, Cubit Media Research, IBM, Telstra, DWS, Australian Government and the University of Melbourne made a difference in the life of 189 students.

Work Integrated Learning The value of out of classroom Work Integrated Learning (WIL) and participation is being recognised by both the University and employers who recruit our graduates and WIL has developed significantly during the year. In 2010 the Business and Economics Careers Centre offered three types of WIL programs; Melbourne Business Practicum (MBP)- an accredited subject, offered intensively in July and February, Internships – paid, part time experience during the year and Volunteer unpaid, part time experiences predominantly with not-for-profit organisations.

44 Annual Report 2010 Outlook 2011

All these engagements enabled more than 100 students to apply the knowledge they have acquired through their studies to real life situations to the benefit of the host organisation and their own professional skill development. Host organisations included NAB, Royal Botanic Gardens, Committee For Melbourne

Business Consulting The Department of Management and Marketing and the Commerce Student Centre continue to receive positive feedback about the thirdyear capstone subject, Business Consulting (formerly called Business Practicum). Students work in teams of four to provide a consultancy for a client organisation. In semester 2, 2010 participation in the subject increased by 50%, with 18 projects across 15 clients, and 72 students (up from 12 projects and 48 students in semester 1, 2010), with an aim to keep numbers at 18 projects / 72 students in the future. Students worked with a diverse range of client organisations across all sectors, ranging from large companies such as Adecco Group, CEVA Logistics and Telstra, to notfor-profit organisations such as the Committee for Melbourne, Kildonan UnitingCare and Mission Australia, and a variety of SMEs including The Taboo Group, as well as local governments such as the City of Boroondara.

University of Melbourne Students in Free Enterprise (SIFE) Students in Free Enterprise (SIFE) is a non-profit worldwide student organisation developing community projects to drive social change. The University of Melbourne SIFE team is constantly striving to set new benchmarks with revolutionary projects, an entrepreneurial approach and an energetic and dedicated team of over 70 students. Its purpose is threefold – to improve the lives of others by strengthening communities, to engage the business world in project partnerships, and to create a new generation of socially responsible business leaders. UoM projects target a broad range of issues such as environmental sustainability, employment for the socially disadvantaged, and, through our first international project, the development of a sustainable livelihood for small enterprises in the developing world. In 2010, the University of Melbourne SIFE team’s achievements included: > SIFE Australia National First

Runners- Up > National Champions, Campbell’s

Lets Can Hunger (LCH) challenge

Student events Dean’s Awards

Sponsored by Sotherton’s Chartered Accountants, the 2010 Dean’s Awards evening took place on April 8, 2010, hosted by Professor Margaret Abernethy. Recognising the achievements of the Faculty’s best and brightest students, as well as academic staff, the evening was also an opportunity to thank the Faculty’s sponsors and donors for their continuing and terrific support. Dale Monteith, Chief Executive, Victoria Racing Club and a Bachelor of Commerce Alumus from 1976 was the keynote speaker and the student speaker was Carolyn Deller, 2009 Bachelor of Commerce Valedictorian. Our high achieving students were well represented, with the many scholarships, awards and honours offered by the Faculty and our generous donors and sponsors presented to their deserving recipients. Future Leaders Forum

The fourth Future Leaders Forum, sponsored by NAB Education and Community Business, was held on August 6, 2010. The forum was themed ‘35 million by 2050: Population, Migration and Social Cohesion’ and speakers included Chancellor The Honourable Alex Chernov; Chairman of the Myer Family Company Rupert Myer AM; Director of the National Security College at the ANU Professor Michael L’Estrange AO; the Department of Economics’ Professor Max Corden AC; World Vision’s Reverend Tim Costello AO; leading economist Professor Harry Clarke; Director of the Australian Demographic and Social Research Institute at the ANU Professor Peter McDonald AM and CEO of Melbourne Community Foundation

Dale Monteith, Professor Margaret Abernethy and Carolyn Deller with the Melbourne Cup

Sarah Davies. Discussion was facilitated by senior industry leaders, most of whom were alumni of the Faculty.

Bain and Company

2010 Valedictorians

CommInsure

Shona Wills – Bachelor of Commerce with Honours

CPA Australia

Charu Priyanga Ramamurthy – Master of Business and Information Technology

Department of Education,

William Bajraszewski – Bachelor of Commerce Vivienne Petroff – Bachelor of Commerce Akshata Sakhardande – Master of Management Christian Camilleri – Bachelor of Commerce

Booz & Co Citigroup Australia Commercial Travellers’ Association

Deloitte Actuaries & Consulting Employment & Workplace Relations Department of Primary Industries Department of Treasury & Finance Deutsche Bank Economic Society of Australia Ernst & Young Financial Management Association of Australia Finsia Goldman Sachs

Industry sponsors

Institute of Actuaries Australia

The Faculty is grateful to the following sponsors for their continued support through generous contributions to student prizes and scholarships:

KPMG

ANZ

Taylor Fry

Australian Finance Conference

Towers Watson

Oracle Corporation Protiviti Sothertons

Aviva Australia

Annual Report 2010 Outlook 2011 45

Global Engagement Maintaining a strong global engagement portfolio is an integral part of the assessment of the Faculty as one of the leading business and economics schools worldwide. The Faculty prides itself on its strong culture of internationalisation and global outlook in teaching and learning, research, and engagement activities.

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, its active engagement with the business community, and through academic networks and bilateral participations with leading international business and economics schools. The Faculty offers a generous scholarship scheme that aims to provide access and to recruit high achieving local and international students. In 2010 there were 3,744 international students representing 72 nationalities studying across the range of programs offered by the Faculty. Some of our internationalisation highlights in 2010 included: > Successful pilot programs in Hong

Kong and Shanghai to establish the Global Consulting Project > Excellent achievements in

international case competitions, with our BCom students winning the prestigious Marshall International Case Competition at the Marshall School of Business, Los Angeles and placing second in the Thammasat Undergraduate Business Challenge, Thammasat University in Bangkok. Our students also competed in the Business School Champions Trophy, University of Auckland, Global Business Case Competition at the Foster School of Business, University of Washington in Seattle and the Copenhagen Business School Case Competition in Denmark. 46 Annual Report 2010 Outlook 2011

Global mobility opportunities An important part of the Facultyâ&#x20AC;&#x2122;s and Universityâ&#x20AC;&#x2122;s global engagement agenda is ensuring that our students have a genuinely international experience, both through the diversity of our cohort and through the opportunity to study at our partner institutions overseas. The number of our students studying overseas on exchange has continued to increase and in 2010, over one hundred undergraduate and graduate students studied on exchange at more than 20 partner universities in 10 different countries. In return we welcomed over 200 students from our study abroad and exchange partners to the Faculty. Global Business Practicum

In addition to its many exchange activities, the Faculty also offers its students short-term global mobility opportunities. In 2010, 80 masters-level students successfully completed the intensive Global Business Practicum (GBP) subject. The destinations were Singapore, Kuala Lumpur, Beijing and Bangkok. Expanding into India in 2011, the GBP has proved to be very popular with positive feedback from both the students and the host companies. In each city, 20 students, led by an academic co-ordinator, are assigned in teams to a range of companies to undertake a 10-day work project.

Professor Nasser Spear, Associate Dean (Global Engagement)

Hong Kong and Shanghai Industry Projects

Based on the success of the graduate Global Business Practicum, the Student Experience team in the Commerce Student Centre piloted a new capstone opportunity that gave Bachelor of Commerce students the opportunity to complete an intensive business project overseas. The pilot was developed in 2009 and received significant interest from students. Twelve students were selected to travel to Hong Kong in January 2010 with an academic supervisor, Dr Tine Koehler from the Department of Management and Marketing. In teams of four, the students completed a 10-day project for DDB Advertising, Aviate Global and Rouse Legal in Hong Kong. A second program was held in Shanghai in July 2010, this time with sixteen students accompanied by Dr Jill Lei from the Department of Management and Marketing. Students completed projects for DDB Advertising, Standard Chartered Bank, Rapid Offshore Group and Coles Group Asia. This program has been developed into a for-credit subject for 2011 called Global Consulting Project.

Exchange partner institutions The University currently has exchange programs with the institutions in the following list. Students from these institutions can apply to study with the Faculty and our current students can also apply to study at these institutions. Students of institutions not listed are also invited to apply for the Study Abroad program within the Faculty. Austria

France

Japan

University of Vienna

HEC School of Management* Institute of Political Studies, Paris (Sciences Po) Jean Moulin University – Lyon III Lumière University – Lyon II* Paris Diderot University – Paris VII Universities of Bordeaux: – Bordeaux I – Bordeaux II Victor Segalen – Bordeaux III Michel de Montaigne – Bordeaux IV Montesquieu

Doshisha University Hitotsubashi University Keio University Kyoto University Osaka City University Ritsumeikan University Sophia University Tokyo Institute of Technology Waseda University (U21)

Brazil

University of São Paulo# Canada

McGill University (U21) University of British Columbia (U21 and APRU) University of Toronto Queens University Chile

Universidad Adolfo Ibañez* Pontificia Universidad Catolica Universidad de Chile China

Fudan University (U21) Nanjing University Peking University Shantou University Tsinghua University University of Hong Kong (U21) The University of Nottingham Ningbo, China (U21) University of Science and Technology of China Nankai University Chinese Center for Agricultural Trade Policy Analysis (CCATP)* # Guanghua School of Management, Peking University*

Germany

Korea (South)

India

Lithuania

Indian Institute of Science Indian Institute of Management Ahmadabad* Indian Institute of Management Calcutta* Jawaharlal Nehru University (JNU)** Ireland

Charles University Colombia

Israel

Universidad Los Andes

The Hebrew University of Jerusalem

Denmark

Italy

University of Copenhagen Estonia

University of Tartu Finland

University of Helsinki

Sungkyunkwan University – SKKU School of Business* #

Albert Ludwigs University of Freiburg Free University of Berlin Humboldt University Rupert Charles University of Heidelberg Technical University of Berlin Technical University of Munich Ludwig Maximilian University of Munich

Trinity College Dublin University College, Dublin (U21)

Czech Republic

Korea

Ca’ Foscari University of Venice ‘Luigi Bocconi’ University of Commerce* University of Bologna University of Siena University of Trento Universita Degli Studi di Padova#

Korea Advanced Institute of Science and Technology (KAIST) Korea University (U21) Pohang University of Science and Technology (POSTECH) Seoul National University Latvia

University of Latvia Vilnius University Malaysia

University of Malaya Mexico

Institute of Technology and Higher Education of Monterrey – Tec de Monterrey (U21) (APRU) – Cuidad de México – Cuernavaca – Estado de México – Guadalajara – Monterrey – Querétaro – San Luis Potosi – Toluca

Annual Report 2010 Outlook 2011 47

The Netherlands

Taiwan

Erasmus University of Rotterdam (School of Management)* Leiden University University of Amsterdam Amsterdam University College

National University of Taiwan

New Zealand

University of Geneva Swiss Federal Institute of Technology (ETH) Zurich

University of Auckland (U21) Norway

NHH – Norwegian School of Economics and Business Administration* University of Oslo Oman

Sultan Qaboos University# Phillipines

University of Phillipines# Poland

Jagiellonian University Singapore

Nanyang Technological University National University of Singapore (U21) Spain

ESADE Business School, Ramon Llull University* University of Granada University of Salamanca Autonomous University of Madrid Sweden

Lund University (U21) Uppsala University

48 Annual Report 2010 Outlook 2011

Thailand

Chulalongkorn University Thammasat University* Switzerland

United Kingdom

Heriot-Watt University* King’s College, University of London University of Bristol University of Edinburgh (U21) incl. Edinburgh Business School University of Glasgow (U21) University of Manchester incl. Manchester Business School University of Nottingham (U21) University of Birmingham (U21) USA

Barnard College Columbia University Boston College George Washington University New York University (Stern School of Business)* Pennsylvania State University University of California: – Berkeley – Davis – Irvine

– Los Angeles – Merced – Riverside – San Diego – Santa Barbara – Santa Cruz University of Illinois at UrbanaChampaign University of North Carolina at Chapel Hill University of Pennsylvania Rutgers University University of Southern California (Marshall School of Business)* University of Texas at Austin University of Connecticut (U21) University of Virginia (U21) University of Washington Washington University in St Louis (Olin School of Business)* *These agreements are Faculty level only. # These are Memorandum of Understanding (MOU) between institutions and do not include a Student Exchange Agreement (SEA). Students interested in studying at these institutions would do so as Study Abroad students and should contact the institution directly. (U21) denotes Universitas 21 Partner (APRU) denotes Association of Pacific Rim Universities Note: As this list is regularly updated you should check the partner list on the Melbourne Global Mobility for the most current information. See: www.mobility. unimelb.edu.au/ goabroad/partners.html

Engagement with alumni The Business and Economics Alumni Council The Faculty of Business and Economics established the Facultyâ&#x20AC;&#x2122;s first Alumni Council in 2010 with the enthusiastic patronage of the Business and Economics Board. A steering committee chaired by the Dean, Professor Margaret Abernethy, developed the proposal for the Alumni Council including the Constitution, Terms of Reference, and Nomination and Election guidelines. The Alumni Council steering committee included broad alumni representation and several members of the University and Faculty administration. The structure of the Alumni Council mirrors those of the top business schools internationally, and is a result of rigorous research and an extensive consultation process with key stakeholders and experts. Purpose of the Alumni Council

The role of the Alumni Council is to foster networks between alumni and to support the work of the Dean, the Business and Economics Board, and the Advancement Unit. Specifically, the Council will assist the Faculty to: > represent the views of the alumni

community both in Australia throughout the region;

Structure and Governance

The Alumni Council will operate as an arm of the Business and Economics Board. Mr Chris Leptos AM, member of the B&E Board, was appointed by the Dean and the B&E Board Chairman, Dr Peter Yates, as interim Chairman of the Alumni Council to oversee the planning of the steering committee and the establishment of the inaugural Alumni Council. The Hon. Jim Short and Chris Leptos will act as Co-Chairs of the inaugural Alumni Council. The Inaugural Alumni Council

As well as the two Co-Chairs, there are nine appointed members of the Council, three of whom will be international alumni. An additional three members were elected to the Council by an online ballot open to all Business and Economics alumni conducted in November 2010. Nomination for election to one of these three places on the Council was open to all Business and Economics alumni.

Members of the Inaugural Business and Economics Alumni Council are: Co-Chairs:

Mr Chris Leptos AM BCom 1979 MBA 1990 The Honourable Jim Short BCom/BA 1961 Members:

Ms Joyce Au-Yeung BCom/LLB 2003 Mr Angus Barker BCom (Hons) 1991 MPhil (Cambridge) 1995 Ms Stephanie Barr BCom/BA (Media & Comms)(Hons) 2007 Ms Clare Cannon BCom 1981 MSc (New School) 1990 Ms Candida Costa-Wong BIntRel (PUC) 2003 MIB 2006 Ms Michelle Di Fabio BCom/BIS 2006 Ms Gloria Goh (Malaysia) BCom (Hons) 1982 Mr Jonathan Elliot BCom/LLB (Hons) 2006 Mr Dennis Lee BCom/BIS 2004 MFin (HKU) 2006 Mr Edmond Lee (Hong Kong) BCom 1988 Mr Murli Thadani BCom 1973 MBA 1987

> engage in a more strategic

way with alumni, the business community, government and the broader community; > foster alumni interest and goodwill

in Facultyâ&#x20AC;&#x2122;s affairs by encouraging intellectual and emotional ties between alumni and the Faculty; > raise the profile of the Faculty

both in Australia and throughout the region; > raise resources to support the

Faculty.

Annual Report 2010 Outlook 2011 49

Business and Economics Alumni at Melbourne – BEA@M The Business and Economics Alumni Council will act as the governing body of the Faculty’s alumni community, which has been named Business and Economics Alumni at Melbourne (BEA@M). All alumni of the Faculty are automatically lifelong members of BEA@M. The members of the Alumni Council will be seeking input from all alumni community members into building the alumni relations program further and engaging alumni in the intellectual life of the Faculty.

Alumni of distinction awards We announced in November 2010 the first recipient of the Alumni of Distinction awards. Mr John Meehan worked tirelessly for the Faculty on the UMCAS committee for 16 years until he stepped down in 2009; John was also a Commerce representative on the Committee of Convocation and was re-elected as representative in 2010. Sadly John passed away in January 2011.

Outlook 2011 Throughout 2011 the Business and Economics Alumni Council will seek the input of alumni into building the alumni relations program further and engaging alumni in the intellectual life of the Faculty. Serving a term of two years, Alumni Council members will focus on four areas or ‘work streams’ in 2011: > Programs and services, including

reunions, events, mentoring, student experience/relationships > Development of alumni cohorts/

segments, including regional, discipline-specific, Young Alumni etc. > Alumni recognition and awards,

including the Alumni of Distinction Awards program > Philanthropy, through close

collaboration with the Melbourne Foundation for Business and Economics

50 Annual Report 2010 Outlook 2011

Alumni events in 2010

Discipline-specific Alumni Events

Finance Honours Alumni Dinner in Shanghai, 27 September

HASS (Accounting Honours) cocktail reception @ Queen’s Loft, 20 May

Alumni Reception in Paris, 11 October

UMAA (Actuarial Alumni) cocktail reception @ Blue Diamond, 27 May

Alumni Dinner in Bangladesh, 23 November

UMCAS 40+ Reunion Luncheon. Keynote Speaker: Maeve Kennedy, 2010 UMCAS Leadership Scholarship recipient, 15 October

Finance Honours Alumni end-of-year dinner @ Westin. Keynote Speaker: Avi Gilboa, Managing Director, Unitas Capital Melbourne, 26 October

Finance Honours Alumni Dinner in Hong Kong, 30 November

BCom 2004 – 2009 Young Alumni Reunion. Keynote Speaker: Scott Pape, Barefoot Investor, 11 November

Economics Honours Alumni end-of-year reception @ Rydges, 28 October

The Official Launch of the Faculty of Business and Economics and the opening of the Business and Economics Building, 22 February

Reunions

UMCAS Annual Reunion Dinner 2010. Keynote Speaker: Tom Elliott, Managing Director, MM&E Capital Limited, 15 July

Overseas Alumni Events

Global Business Practicum Student/ Alumni Dinner in Singapore, 13 January Global Business Practicum Student/ Alumni Dinner in Hong Kong, 19 January

BCom Class of ’85 Reunion, 18 November Young Alumni Events

Young Alumni Networking event @ James Squire Brewhouse, 8 April ‘Financial Market Update’ @ Deloitte. Speaker: Alastair Lucas, Vice Chairman and Managing Director, Goldman Sachs JBWere, 29 June ‘Meet the Entrepreneur’ @ Koko Black. Speaker: Darrell Wade, Co-founder and CEO, Intrepid Travel. Sponsored by RSM Bird Cameron, 17 August ‘The Seek Story’ @ KPMG. Speaker: Paul Bassat, Joint CEO and Cofounder, SEEK, 12 October

Alumni Seminar Series in Hong Kong, 4 March Alumni Seminar Series in Shanghai, 8 March Alumni Seminar Series in Beijing, 10 March

Special Events

‘Conversation at Masani’ with James Sutherland, 23 September Alumni Refresher Lecture Series, 7, 14, 21 September Faculty of Business and Economics Donor evening. Speaker: Jack Stanesby, 2010 private Alumni bursary recipient, 26 October Dean’s Christmas Lunch Speaker: Jack Stanesby, 2010 private Alumni bursary recipient, 18 November

Melbourne Leadership Series in Kuala Lumpur, 23 March Alumni Reception in Singapore, 27 March Shanghai Industry Project Student/ Alumni Dinner in Shanghai, 6 July Global Business Practicum Student/ Alumni Dinner in Beijing, 7 July Global Business Practicum Student/ Alumni Dinner in Kuala Lumpur, 7 July Melbourne Leadership Series in Shanghai, 27 July Melbourne Leadership Series in Beijing, 29 July Alumni Dinner in Jakarta, 29 August Alumni Dinner in London, 2 September

Daniel Norman speaking at the Launch of the Faculty of Business and Economics

Annual Report 2010 Outlook 2011 51

Prominent graduates Over 37,000 students have graduated from the Faculty since it was created in 1924. Our graduates are leaders in business, public policy and academia. The list below includes some of the Faculty’s current prominent alumni. Business and Economics Board and Alumni Council members

Ms Joyce Au-Yeung, Corporate Development Manager, Australia Post Mr Angus Barker, Head of Melbourne M&A, Deutsche Bank AG Australia & New Zealand Ms Stephanie Barr, Business Consultant, Chalker Bar Group Mr Paul Bassatt, Co-Founder, Seek Ltd Mr Anthony Burgess, Chief Executive Officer, Flagstaff Partners Pty Ltd Mr Terrence Arthur Campbell (AO), Senior Chairman, Goldman Sachs JB Were Pty Ltd

Mr Dennis Lee, Assistant Manager, McGrathNicol Partners Mr Edmond Lee, Director, Equity Derivatives, Société Générale, Hong Kong Mr Chris Leptos (AM), Partner, KPMG Dr Ian J. Macfarlane (AC), Director, Woolworths Ltd and former Chairman, Reserve Bank of Australia Mr Hugh Morgan (AC), Principal, First Charnock Mr Rupert Myer (AM), Chairman, Myer Family Company Ltd Dr James Tjahaja Riady, Chief Executive Officer, Lippo Group The Honourable Jim Short, former Assistant Federal Treasurer Mr Murli Thadani, former Director of Corporate Services/International Business Development, La Trobe University Dr Lynne Williams, Under Secretary for the Department of Treasury and Finance

Mr Alan Storr, OAM For service to the community through the research and documentation of World War II RAAF service personnel. Mr Sam Walsh, AO For distinguished service to the mining industry through the development and implementation of large scale export strategies, and to the community of Western Australia, particularly through employment programs supporting Indigenous communities. Professor Ross Williams, AM For service to education, particularly in the discipline of econometrics, through research and administrative roles, as a contributor to professional publications, and as an adviser to state and Federal governments. 2010 Young Victorian of the Year

Ms Wesa Chau For her work in assisting people from marginalised communities, especially international students. 2010 Victorian Multicultural Award for Excellence

Ms Clare Cannon, Director, The Cannon Group

Mr Kevin Wong, Non-executive Chairman, JP Morgan Chase Bank Bhd, Malaysia

Mr Esmond Choo, Executive Director, UOB KayHian

Dr Peter Yates, Chairman, Peony Capital General Partnership

Mr Douglas Tsoi For excellence for Service Delivery to Multicultural Victoria.

Ms Candida Costa-Wong, International Business Capability Adviser, ICN Victoria

Appointments to the Order of Australia 2010

2010 Alumni of Distinction Award winners

Mr David G Boymal, AM For service to accountancy and to the development and implementation of financial reporting standards in Australia.

Mr John Meehan For his outstanding contribution to the Faculty, the University and the Alumni community, through 16 years’ service on the University of Melbourne Commerce Alumni Society (UMCAS) committee and the University of Melbourne’s Committee of Convocation.

Ms Patricia Cross, Non-executive Director, NAB, JB Were and Qantas Airways Ltd Ms Michelle Di Fabio, Manager of Strategy, Policy and Product Development, HOSTPLUS Superannuation Ms Paula Dwyer, Director, Tabcorp Holdings Mr Jonathan Elliot, Corporate Lawyer, Gadens Lawyers Ms Gloria Goh, Partner, Ernst & Young, Malaysia Mr Peter Gunn, Managing Director, PGA Group 52 Annual Report 2010 Outlook 2011

Mr Michael S Cohen, OAM For service to the community through a range of Jewish organisations. Mr Ian M Dicker, AM For service to the community of Victoria, to Australian Rules football and to business. Mr Simon C Price, OAM For service to the community through the Malvern Elderly Citizens Welfare Association and to Rotary.

2011 Australian of the Year for Victoria

Mr Simon McKeon For his support of Australian charities and his efforts encouraging the corporate world to engage with and help the developing world.

Thank you to our donors The Faculty of Business and Economics would like to gratefully acknowledge the support of the following individual donors to the Faculty in 2010. We also received donations from 21 donors who prefer to remain anonymous. Chancellor’s Circle

The Chancellor’s Circle is the University’s community of generous benefactors who demonstrate leadership and commitment to the University of Melbourne through annual gifts of $1,000 or greater. Dr Meredith A Doig FAICD

Ms Catherine D. Jilovsky

Mr Richard M Morgan AM

Ms Katrina F Efthim

Ms Esther S Jilovsky

Ms Christina S Pung

Mr Duncan G Andrews

Ms Kaye M. Fletcher

Miss Leah M Jilovsky

Mr David S Burnet

Mr Richard R Green & Mrs Isabella F. Green OAM

Ms Rachel J Jilovsky

Lippo Group – Dr. James T. Riady

Professor Margaret A. Abernethy

Mr David J Smith

Mr Edward C Hauser OBE

Mr Brendan F Kissane & Her Honour Judge Irene E. Lawson

Mr Michael J. Hirst

Dr Richard J. Leaper

Mr Murli K. Thadani

Mr Brian F Horwood

Mr Chris Leptos AM

Mr Eric H Welsh Mr Kingston Wong

Ms Sarah K Choy

Prof Emeritus The Hon Joseph E Isaac AO

Dato Jimmy Lim Mrs Leanne Loh

Ms Brooke M Young

Ms Suzanne R. Dixon

Mr Kenneth James

Ms Aileen Loi

Mr Simon J Yuncken

Mr Terrence A. Campbell AO The Hon Alex Chernov AO QC & Mrs Elizabeth Chernov Mr Esmond Choo

Mr Rohan L Stanton Mr Casey Tan

Jonathan Yoon (left) and Sandyha Manchikanti (right), recipients of the inaugural Commerce Opportunity Bursary in 2010

Annual Report 2010 Outlook 2011 53

Thank you to all donors to the FBE:

Miss Geraldine L Adam Mrs Jacinta Agostinelli Mr Charles M Amalfi Mr Campbell D Andrews Mr Ang Shin Khoon Mr Richard W Armstrong Ms Joyce Au-Yeung Ms Stephanie L Barr Miss Anthea S Barry Mr Trevor N Bradley Emeritus Professor Maureen Brunt AO Mr Fabian Burmeister Mr Xiang Cai Mr Ross A Cameron Mr Yun-Jiao Chen Ms Siobhan L Cheng Ms Chi Oi Meng Mr Ivan N Clyne Mr Jonathan Cosgrove Ms Clare L. Cummins Mr Timothy K Dixon Mr Alan T Douglas Mr Gregory J Doyle Mr Jonathan R Elliot Mr Zuyao Feng Mr Bryce G Ferguson Mr Patrick F Fitzpatrick Mr Eric R Forrest Mr Felix Gozali Ms Rosemary T Grabau Dr Jennifer Grafton

Professor Bruce Grundy

Mr Jeffery Greenberg Mr Ronald J Griffin Mr Fred S Grimwade Professor Bruce Grundy Ms Therese E Hickey Mr Geoffrey R Hindle Ms Jacqueline M Hoare Miss Michelle L Hoggan Mr James Holston Mr Richard K Hounsell Mrs Rosemary Hume Ms Naida C Hutton Miss Kim H Hwang Mr Phillip H Ingle Mr Matthew L Irvine Mr Ernest R Jacobs Mr Donovan G Jasper Mr Trevor W Jones Ms Merran H. Kelsall Professor Paul Kofman Ms Jocelin Y. Lam Mr Dennis S Lee Miss Olivia Lee Mr Wei Q Li Professor Anne M. Lillis Ms Ting Lin Mrs Helen M Lloyd Mrs Sheila M Loudon Mr Gilbert W Loughman Mr Ian H Loxton Mr Stephen J Mason OAM Mr Alan J. McKay and Mrs Frances G. McKay

Miss Anthea Barry

54 Annual Report 2010 Outlook 2011

Ms Michelle E McLean Mr John M McMahon Mr Terence V McMahon Mr Edward J Miller Ms Deidrea Miller Mr Gordon J Milne Mr Valentine C Morgan Mr Bruce L Murray Mr Cheng X Ng Mr Joshua Ng Mr Jim D Nikolareas Mr Philip M Norman Mr Daniel T Norman Ms Sarah L Norton Mr James H Nott Ms Elizabeth Oâ&#x20AC;&#x2122;Brien Mr Hyun J Park Professor Emeritus James O. Perkins Mrs Ruth Perkins Mr George C Portou Mr Denis T Potter Mr Khun Nukul Prachuabmoh Mr Joseph T Prowse Miss Kalyaney Prum Mr Lu Li Qiang Mr Richard Rees Miss Maria Ryan Mr Burnett P Rymer Ms Jana Samargis Mr Derek Sawer

Mr Fabian Burmeister

Ms Sapna Sawlani Mr Naman Sharma The Hon Jim Short Mr Graeme W Sinclair Mr Maurice Smith Miss Faye Solomidis Ms Sharon Soltys Mr Selby K Steele AM Ms Alexandra M Taylor Miss Abby J Telgenkamp Mr Sorabh Tomar Miss Lisa Tripodi Ms Karen H Tsang The University of Melbourne USA Foundation Ms Gillian M. Vesty Ms Stella Voules Mr Eric H Waller Mr Christopher J Warrell Ms Anne L Warren Mr John Wedd & Mrs Helen M Wedd Miss Alexandra White Ms Taryn White Mr Alexander W Wiguna Ms Trudy R Willis Mr Alan Wong Miss Henrietta Yap Mr Johnson Ching Shion Yip Miss Menglu L Zhang

Miss Michelle Hoggan

Academic and professional staff Dean, Deputy Deans, and Associate Deans

Accounting and Business Information Systems

Dean, Faculty of Business and Economics; and Director, Graduate School of Business and Economics Professor Margaret Abernethy (until 14/05/2010)

Head of Department and Fitzgerald Chair of Accounting Lyon, John: BCom MFM Qld, PhD Ohio Research interests: Empirical methods in accounting and finance, earnings announcements and the pricing of audits.

Dean, Faculty of Business and Economics (from 15/05/2010) Professor Margaret Abernethy Deputy Dean (until 30/06/2010) Professor Nasser Spear Deputy Dean (Faculty) (from 01/07/2010) Professor Paul Kofman Assistant Dean Associate Professor Carol Johnston Associate Dean (Academic Programs) (until 14/05/2010) Professor Greg Whitwell Deputy Dean and Director, Graduate School of Business and Economics (from 15/05/2010) Professor Greg Whitwell Associate Dean (International) Professor Nasser Spear Associate Dean (Research) Professor Anne-Wil Harzing

Dean of Business and Economics and Professor of Managerial Accounting Abernethy, Margaret: BEc PhD LaTrobe Research interests: Strategy and design of control systems, management control in hospitals, costing and performance measurement system design. G.L. Wood Professor of Accounting Spear, Nasser: BEc Syria, MSc PhD N. Texas Research interests: Capital markets based research, international financial reporting, contracting research, initial public offerings, security valuation, accounting for extractive industries. Professor of Business Information Systems Ferguson, Colin: BBus Swinburne, MEc NE PhD GDipComp Deakin, CA FCPA MACS Research interests: accounting information systems, business forensics, economics of auditing and auditor behaviour, fraud and corporate governance. Professor of Management Accounting Lillis, Anne: MCom PhD Melb Research interests: Management control systems design, strategy and performance management, evaluating strategic capital expenditures, corporate downsizing, cost management. Professor of Accounting Clinch, Greg: BEc (Hons) MEc Monash, PhD Stanford Research interests: Financial accounting, accounting information in capital markets. Associate Professors Coram, Paul: BEc Flinders, GDipEd Adel, MAcc UWA, PhD ANU Research interests: Audit quality, behavioural research in assurance and financial accounting, accounting education.

Davern, Michael: BCom Tas, PhD Minnesota Research interests: Managerial decision making and support, vusiness value of IT, vehavioural/vusiness process perspectives in information systems, enterprise and operational risk management. Dowling, Carlin: BCom Tas, PhD Melb Research interests: Audit support systems, audit technology use, audit firm control and regulation, production of audit services, operational risk management. Emsley, David: BA Nott Trent, DipFinMgt NE MBA Brad, PhD Macquarie, CPA Research interests: Management accounting systems and organisational performance, management accounting innovation and change, the role of trust in the control mechanisms with special reference to joint ventures and strategic alliances. Pinnuck, Matthew: BCom PhD Melb Research interests: Financial accounting, behaviour of fund managers. Potter, Brad: BCom PhD Deakin, CPA Research interests: Financial accounting, accounting for public sector entities, the development of financial reporting regulations, water accounting.

Senior Lecturers Cobbin, Phillip: BBus RMIT, MCom (Hons) BEd MEd Melb, DipEd SCVic Research interests: History of the accounting and auditing particularly where they intersect with contemporary military history from late-Victorian times to the present, market for audit services. Grafton, Jennifer: BCom PhD Melb Research interests: Management control system design and use in the not-for profit sector, design and control of interorganisational networks, performance management and research methods. Parkes, Alison: BCom W’gong, MBS (Info Sys) (Hons) Massey, PhD Melb Research interests: Data quality, accounting information systems, contextual information systems design. Sridharan, Viravalli Govindarajan: BCom Bharath, PhD Auckland Research interests: Economics of managerial accounting systems, strategy control systems interface within firms.

Annual Report 2010 Outlook 2011 55

Teo, Eu-Jin: BCom LLB Melb, GCertHigherEd Mon FTIA Research interests: Current legal issues, accounting and the law, taxation law, commercial law, government law.

Lecturers Chen, Richard: BA (Accounting) Nanjing, PhD Nanyang Research interests: Accounting information and regulatory structures in emerging markets, financial accounting and reporting issues, corporate finance and corporate governance, earnings quality and disclosure. Hronsky, Jane: BBus PGDipBus Curtin, MCom (Hons) CPA Research interests: Audit judgement, communication issues in financial and audit reporting, accounting and assurance for climate change. Lee, Richard: BEc Monash DipEd SCVic CPA Research interests: Financial reporting, accounting policy choice, executive compensation, accounting education. Seow, Poh-Sun: BAcc MBA Nanyang, PhD Melb, CPA Research interests: Behavioural research in accounting and accounting information systems, decision support systems, XBRL. Soltys, Sharon: BBus (Acc) RMIT Wallace, Sandra-Lee: BBus MFM PhD Qld Research interests: Contingency theory, cost accounting system design, customer investment. Vassallo, Peter: BAppSci BArch Canberra, MCom Sydney, PhD UTS Research interests: Corporate governance, real investments, financial statement analysis. Vesty, Gillian: BBusAcc MBus VU, RN Div1 Research interests: Actor-network theory, management accounting. Wu, Gang (Henry): BCom Peking, PhD Melb Research interests: Auditing, behavioural accounting, corporate governance, management accounting. Yuan, Qingbo: BA(Acc) Hefei University of Technology, MA(Acc) Xiamen University, PhD ChineseUniHongKong Research interests: Corporate governance, corporate finance, accounting quality, corporate disclosure, international accounting

56 Annual Report 2010 Outlook 2011

Senior Teaching Fellows Brooks, Albie: BCom DipEd Melb, MBus PhD Victoria Williams, John: MSc MBA PhD Wales

Teaching Fellows Boys, Noel: BBus RMIT GDipEd Hawthorn, GDipEd (Student Welfare) Melb Cusack, Greg: BBus (Acc) DipT RMIT, Associate CPA Dyki, Matt: GradCert (Acc) GradDipCom MBus (E-Bus) UniSA Hinchliffe, Sarah: LLB Monash, LLM UNE Kaur, Jagjit: MEc Macquarie, PhD Deakin McKeown, Warren: BEc DipEd Monash, BEd Deakin, MBus RMIT, CA CFP Tonkin, Trevor: BBus(Acc) Bendigo, CAE GDipEd LaTrobe, MComLaw Deakin, ASA

Senior Tutors Fedai, Adam: BCom Melb Hoggan, Michelle: BCom Melb Holston, James: BCom Melb Lombardi, Brett: BCom Melb Quek, Sarah: BCom Melb Raffa, David: BCom Melb Sakr, Joseph: BCom Melb Sharma, Naman: BCom Melb Stewart, Anthony: BCom Melb Taylor, Alexandra: BSc BCom Melb Tomar, Sorabh: BCom Melb Tong, Jun Wei: BCom Melb

Tutor in Charge Linggo Liong, Joana: BCom Melb Honorary Appointments Professors Emeritus Nicol, Robert Edward George: BEc Syd, MBA PhD Calif, FAPA MCT 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.

Arnold, Vicki: BA MBA PhD Arkansas Research interests: Accounting information systems and assurance, impact of KBS on individual decision making and on user knowledge acquisition/learning, IS assurance, business risk in B2B e-Commerce relationships, risk analysis in supply chains. Bouwens, Johannes: MSc (Econ) PhD Tilburg Research interests: Management and financial accounting, performance measurement system design. Dekker, Henri: MSc PhD VU Research interests: Accounting and control in interfirm relationships, strategy and management control, performance measurement, goal setting and incentive compensation. Francis, Jere: BSc Drake, MSc Minnesota, PhD DEcon UNE Research interests: Economics of auditing, the effect of auditing on the quality of financial reporting, corporate governance, international accounting. Leech, Stewart: BCom Melb, MEc Tas, FCA FCPA MACS PCP Research interests: Accounting information systems, decision making in corporate recovery, intelligent decision aids, enterprise resource planning systems. Skinner, Douglas: BEc Macquarie, MS PhD Rochester Research interests: Corporate financial policy, financial reporting and disclosure policies. Sutton, Steve: BSA MAcc PhD Missouri Research interests: Accounting information systems and assurance, impact of KBS on individual decision making and on user knowledge acquisition/learning, IS assurance, business risk in B2B e-Commerce relationships, risk analysis in supply chains.

Principal Fellows Burrows, Geoffrey Herbert: MCom DipEd Melb, FCPA Collier, Philip: BSc Hull, MSc Essex

Senior Fellows Alfredson, Keith: BCom Qld, AAUQ FAICD FCA FCPA FNIA Fellows Burghardt, Gunther: BBusAdmin (Fin&Acc)(Hons) Wilfrid Laurier University Newlan, Dean: BCom Melb, MCorpLaw RMIT North, Scott: BCom MBIT Melb

Stevenson, Kevin: BCom MBA Melb

Professional Staff Anderson, Sherryl: MBA MCom Law Deakin Department Manager (to July 2010) Barnes, Sophie: BA GDipBus Edith Cowan Manager, Academic Services (to February 2010) Carbone, Cathy: Front Office Administrator (to May 2010) Derham, Rachel: BSc GCertUniMgmt Melb Department Services Manager (from July 2010) Doumbia, Aminata: Academic Services Officer Haddad, Leonie: Administrative Officer Jarrin, Bernardo: Academic Services Officer (to July 2010) Ligris, Sheena: Administrative Officer (to February 2010) McMahon, Julee: Centre Administrative Coordinator McNamara, Kerry: Front Office Administrator Mason, Cathy: BA (Hons) UQ Manager, Academic Services Mitchell, Steven: BA (Hons) DipML GDipEd Melb Executive Assistant to the Head of Department Perry, Jen: BA (Hons) Monash Academic Services Officer Smith, Vicki: Academic Services Officer (to March 2010)

Department of Economics Head of Department and Professor of Economics Olekalns, Nilss: BEc (Hons) Adel, MEc ANU, MA West Ont, PhD LaTrobe Research interests: Macroeconomics, applied econometrics. Professors of Economics Bardsley, Peter: BSc (Hons) ANU, PhD Durh Research interests: Economic theory, mathematical economics, game theory, information and strategic behaviour, organisational design and theory of the firm, theoretical finance. Borland, Jeffrey: MA Melb, PhD Yale, FASSA Research interests: Operation of labour markets in Australia, program and policy design and evaluation, applied microeconomics (economics of sports), Australian economic history.

Cameron, Lisa: BCom (Hons) MCom (Hons) PhD Princeton Research interests: Development economics, Asian economies (especially Indonesian), applied microeconometrics, labour economics. Dixon, Robert: BEc (Hons) Monash, PhD Kent Research interests: Macroeconomics, industrial economics, Marxian economics, regional economics. King, Ian: BA (Hons) Concordia, MA PhD Queens Research interests: Macroeconomics, applied theory, search, money, unemployment, life expectancy, growth, language acquisition. McDonald, Ian: BA (Hons) Leic, MA Warw, PhD SFraser, FASSA Research interests: Behavioural economics and macroeconomics. Paarsch, Harry: BA (Hons) Queens, MS PhD Stanford Research interests: Forestry economics, empirical models of auctions, applied econometrics, industrial organisation and labour economics, numerical methods. Shields, Michael: BA (Hons) Staffordshire, MSc Health Economics York, PhD Leicester Research interests: Health economics, economics of happiness, labour economics, applied microeconometrics.

Ritchie Chair of Economics Freebairn, John: MAgrEcon NE PhD Davis FASSA Research interests: Taxation reform, labour economics, natural resource economics. Truby Williams Professor of Economics Creedy, John: BSc Brist, BPhil Oxf, FASSA Research interests: Income distribution, public economics, labour economics, history of economic analysis. Professors of Econometrics Griffiths, William: BAgEc (Hons) UNE, PhD Illinois, FASSA Research interests: Applied Bayesian econometrics. Martin, Vance: BEc (Hons) MEc PhD Monash Research interests: Econometrics, time series analysis, monetary economics, macroeconomics.

Professorial Fellows Garnaut, Ross: BA PhD Doctor of Letters ANU AO FASSA Research interests: International

economics, economic development (especially in Asia), climate change, resource economics Ours, Van Jan: MSc Delft MSc PhD Erasmus Research interests: Health economics, labour economics.

Readers/Associate Professors Edmond, Chris: BA BEcon QLD, MA PhD UCLA Research interests: Economic fluctuations and growth, monetary economics, financial economics. Harris, David: BEc (Hons) James Cook, PhD Monash Research interests: Time series analysis. Henry, Olan: BA (Hons) Dub, MA PhD Reading Research interests: Econometric modelling and forecasting of asset market volatility, term structure modelling, the inflation hedging characteristics of property and property serviced in the UK. Hillberry, Russell: BS Minnesota, PhD Indiana Research interests: Economic geography, international trade. Hirschberg, Joseph: BA Miami, MA UC Riverside, PhD USC Research interests: Microeconometric techniques, productivity measurement, evaluation of tertiary education, measuring anticompetitive behaviour, demand analysis. Lye, Jeanette: MA PhD Cant Research interests: Non normal distributions, applications of multimodality, modelling of exchange rates, theory and application of non linear models, general applied econometrics. MacLaren, Donald: BSc (Agr) (Hons) Aberd, MS PhD Cornell Research interests: Agricultural trade policy and the World Trade Organization, state trading enterprises, preferential trading agreements, measures of trade restrictiveness. Norman, Neville: BCom (Hons) MA Melb, PhD Camb Research interests: Industrial pricing as influenced by tariffs, exchange rates and world price movements, postkeynesian industrial and international economics, trade practices economic issues and the economics of e-commerce. Raimondo, Roberto: Laurea Milan PhD (Mathematics) SUNY, PhD Berkeley Research interests: Economic theory, financial economics.

Annual Report 2010 Outlook 2011 57

Shields, Kalvinder: BA (Hons) MA Reading, PhD Leicester Research interests: Applied macroeconomic modelling with particular interests in the use of real time data, survey-based expectations in macroeconomic models, business cycles, nowcasting and forecasting.

Artemov, Georgy: Specialist Moscow State MA CEU PhD Brown Research interests: Mechanism design, matching theory, microeconomic theory.

Skeels, Christopher: BEc (Hons) PhD Monash Research interests: Econometric theory.

Clarke, Andrew: BA MEc Syd, PhD McMaster Research interests: Labour economics, macroeconomics, econometrics.

Williams, Jenny: BEc ANU, MEc PhD Rice Research interests: Microeconometrics, health economics.

Senior Lecturers Coelli, Michael: BCom (Hons) UNSW, MA PhD British Columbia Research interests: Labour economics, applied microeconometrics, public economics, economics of education. De Fontenay, Catherine: BA (Hons) McGill, PhD Stanford Research interests: Development economics, industrial organisation, theoretical and empirical bargaining theory. Erkal, Nisvan: BA Macalester College, MA PhD Maryland Research interests: Industrial organisation, microeconomic theory. Hodler, Roland: MA PhD Bern Research interests: Economic development, political economy, international economics. Jacobi, Liana: MA PhD Washington University St. Louis Research interests: Econometrics, Bayesian inference, health and labour economics. Loertscher, Simon: MA PhD Bern Research interests: Industrial organisation, mechanism design, political economy. Nikiforakis, Nikos: BA (Bus) Athens, MA PhD London Research interests: Experimental economics, behavioural economics, industrial organisation, public economics, game theory. Smith, Rhonda: BCom (Hons) MA (Hons) DCom Research interests: Economics of trade practices, economic policy towards industry.

Lecturers and Research Staff Andalon, Mabel: BA (Hons) UDLA-P Mexico, MA MS PhD Cornell Research Interests: Health economics, development economics, labour economics.

58 Annual Report 2010 Outlook 2011

Byrne, David: BCom (Hons) Mount Allison, MA PhD Queen’s Research interests: Industrial organisation, applied econometrics

Kawakami, Kei: BA University of Tokyo, MA PhD UCLA, Research interests: Macroeconomics, financial economics. Li, Shuyun (May): BS MA Renmin, MS PhD Texas at Austin Research interests: Macroeconomic implications of financial frictions, business cycle modelling, monetary policy transmission mechanism, venture capital, contract theory. Olivia, Susan: BMS (Hons) Waikato, PhD University of California, Davis Research interests: Development economics, microeconometrics, spatial econometrics. Shah, Manisha: PhD UC Berkeley Research interests: Development economics, applied microeconomics, health economics. Swee, Eik: BSc (Hons) LSE, MSc NUS, PhD Toronto Research interests: Development economics, political economy, economics of conflict and applied microeconometrics. Uren, Lawrence: BEc (Hons) ANU, PhD Princeton Research interests: Macroeconomics, labour economics. Wilkening, Tom: BA Arizona, PhD Massachusetts Research interests: Experimental economics, market design, contracts and organisational economics, behavioural economics. Yektas, Hadi: MA PhD Pittsburgh Research interests: Auction theory, mechanism design, game theory, microeconomic theory, industrial organisation.

Honorary Appointments Professors Emeritus Lloyd, Peter: MA Vic NZ PhD Duke FASSA Perkins, James: MA PhD Camb MCom FASSA

Adjunct Professor Lim, Guay: MEc Adel, PhD ANU

Professorial Fellows Corden, Max: BCom (Hons) MCom Melb, PhD LSE, FASSA FBA AC Gans, Joshua: BEc Qld, PhD Stanford MacFarlane, Ian: BEc (Hons) MEc Monash Williams, Philip: MEc Monash, PhD LSE Principal Fellows Ironmonger, Duncan: MCom PhD Camb Jennings, Victor: BEng OBE Johnston, Carol: BCom BEd MEd PhD Nieuwenhuysen, John: MA Natal, PhD London, FASSA Walmsley, Terrie: BCom MEcSt UQ, PhD Monash Wheatley Price, Stephen: BA MA PhD Leicester Senior Fellows Mitra, Siddhartha Moore, Tim Waechter, Raymond

Fellows Ambagaspitiya, Rohana Davies, William Martin: BA (Hons) GDipEd PhD Flinders, PhD Adel Harper, Margorie: MA Jaffer, S Stoneham, Gary: BCom MA Qld Terrill, D. I. Professional Staff Philip, Preeta: MBA Andrews Department Manager Bacher, Heidi: Manager, Academic Support Services Chart, Michelle: Cert3BusAdmin TAFE NSW Personal Assistant to the Head of Dept Cerantola, Marisa: Academic Services Officer Collins, Suzie: BTeach (Primary) BA Deakin Academic Services Officer Karunarathne, Wasana: BA (Econ) Peradeniya, MA (Econ) Colombo, PhD (Econ) NUS Tutor Coordinator Khan, Nahid: MCom Melb, MSocSci (Econ) BSocSci (Hon Ec) Dhaka Tutor Coordinator and Undergraduate Support Officer Koleva, Viktoriya: BA Sofia MA (SocResearch) Warwick Laboratory Manager, Experimental Lab Lombardo, Rosemary: Academic Services Officer McPherson, Brie: BA Melb Front Office Administrator

Perez, Kathryn: DipInfoTech& Multimedia Bendigo TAFE Personal Assistant to the Head of Department

Harslett, Grant: BSc (Hons) Adel FIA FIAA ASA

Centre for Actuarial Studies

Department of Finance

Director and Professor of Actuarial Studies Dufresne, Daniel: BSc (Hons) Montreal, PhD City University (London), FSA Research interests: Financial mathematics, actuarial science and probability.

Head of Department (until June 2010) and Professor of Finance Kofman, Paul: MEc PhD Erasmus Research interests: Price discovery in regulated financial markets, extreme value analysis and financial applications, insurance rate making, asset allocation design.

Professor Dickson, David: BSc (Hons) PhD Heriot-Watt, FFA FIAA Research interests: Aggregate claims distributions, renewal risk processes, recursive methods in risk theory. Associate Professor Joshi, Mark: BA (Hons) Oxford, PhD MIT Research interests: Financial mathematics. Li, Shuanming: BSc Tianjin, MEc Renmin, PhD Concordia Research interests: Risk and ruin theory, stochastic modelling in insurance and finance, actuarial science.

Senior Lecturers Pitt, David: BEc BSc Macquarie, PhD ANU, FIAA Research interests: Analysis of disability income insurance portfolios, stochastic modelling in actuarial science. Wu, Xueyuan: BSc MSc Nankai, PhD HKU Research interests: Correlated risk models, ruin theory, recursive calculations for ruin probabilities.

Lecturers Chen, Ping: BAM (Qufu), MSc (CAS), PhD Hong Kong Research Interests: Actuarial sscience, financial mathematics, statistics and information. Research Fellow Wright, Will: BSc (Hons) MSc PhD Auckland Research interests: Financial mathematics. Honorary Staff Professorial Associate Taylor, Gregory: BA PhD FIA FIAA FIMA CMath AO Research interests: Modelling in general insurance. Senior Fellows Fitzherbert, Richard: BSc (Hons), FIAA, FIA, FFin Gribble, Jules: BSc (Hons) Adel, PhD St Andrews, FIAA FCIA FSA

Truslove, Allen: BSc (Hons) PhD Monash, MBA Deakin, FIA FIAA

Head of Department (from July 2010) and Professor of Finance Grundy, Bruce: BCom (Hons) Qld, 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. Professors of Finance Davis, Kevin: BEc (Hons) Flinders, MEc ANU, SF Fin FFTP FAMI Research interests: Financial institutions management, treasury management, financial engineering, corporate financial policy, financial markets. Brown, Robert: MEc Syd, FCPA SF Fin Research interests: Interest rate swaps, analysts’ forecasts, management and regulation of financial intermediaries, real estate analysis.

Deputy Head of Department (Research) and Professor of Finance Martin, J Spencer: BSc (Highest Honors), MBA Texas, MA PhD Wharton Research interests: Empirical asset pricing, credit risk, investments, behavioural finance. Deputy Head of Department (Academic) and Associate Professor Handley, John: BCom BMath Newcastle, 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. Associate Professors Brown, Christine: BSc(Hons) MSc DipEd PhD Melb, SF Fin FAMI Research interests: Pricing derivative securities and innovations in financial markets, derivative markets, valuation of real options, modelling credit risk, financial institutions management,

capital management, share buybacks, bank regulation and implementation of Basel 2, infrastructure financing. 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, derivative securities. Lamba, Asjeet S: BA (Hons) Delhi, MBA Mich, PhD Wash, CFA Research interests: Share buybacks, corporate litigation, insider trading, corporate governance. Schwann, Greg: BA (Hons) Queens, MA (Ec) PhD British Columbia Research interests: Real estate finance, real estate economics, real estate backed derivatives.

Senior Lecturers Brown, Rayna: BA Macq, MCom (Hons) PhD Melb, SA Fin Research interests: Regulation of financial institutions, real estate finance. Coleman, Les: BEng (Hons) Melb, BSc (Econ) (Hons) Lond, MEc Syd, 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) Ec PhD Newcastle 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, panel data econometrics. Pinder, Sean: BCom (Hons) Monash, PhD Newcastle Research interests: Issues relating to the valuation of derivative securities and the analysis of corporate financial decisionmaking. Scheule, Harald: MBA DBA Regensburg Research interests: Banking, insurance, financial risk measurement and management. Shekhar, Chander: BSc Panjab, MSc Virginia, PhD Penn State Research interests: Economic models of financial markets, market for corporate control, initial public offerings, corporate restructuring, corporate governance.

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Lecturers Aharoni, Gil: BA MBA PhD Tel Aviv Research interests: Asset pricing, behavioural finance, market efficiency. Akyol, Ali: BA PhD Alabama Research interests: Corporate finance and governance, corporate control, IPOs, market efficiency. Bednarek, Ziemowit: MS (Finance), MS (Quantitative Methods) Warsaw School of Economics, PhD UC Berkeley. Research interests: Macroeconomics, productivity measurement, technology diffusion. Gygax, André: Lic.oec. HSG St Gallen, MS (Finance) MBA Colorado, PhD Melb Research interests: Entrepreneurial finance, industrial organisation, dynamic social networks. Lim, Bryan: BA Columbia, PhD UC Santa Barbara Research interests: Financial economics, institutional investors, experimental finance. Murawski, Carsten: Dipl-Kfm Univ Bayreuth, Dr oec publ Univ Zuerich Research interests: Financial innovation, experimental finance, financial institutions, financial stability. O’Connor, Ian: BBus Chisholm, MBus RMIT, PhD Melb, CPA SA Fin Research interests: Bank efficiency, derivative securities, volatility forecasting. Petry, Stefan: BA, MA EBS Germany, PhD Cambridge. Research interests: Corporate governance, corporate finance, financial markets Scott, Callum: BSc (Hons) Edin, BA Open UK, GDipEd Dundee, GDipCInfSc MSc VUT, PhD Melb, AFPA (Academic) Research interests: The application of artificial neural networks in finance, real estate finance and analysis. Shi, Zhen: MPhil PhD Tilburg Research interests: Asset pricing, investments, real option and pension economics. Verwijmeren, Patrick: BsC MsC PhD Erasmus Research interests: Convertible securities, capital structure, corporate social responsibility. Zeng, Qi: MS Academia Sinica, PhD Penn Research interests: Asset pricing, Chinese stock market. Zhang, Liang: BE Xi’an Petroleum University, PhD University of Hawaii Manoa Research interests: Empirical asset pricing.

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Research Assistant Tang, William: BCom Melb GDip (Data Processing) Monash

Professional Staff Kreitner, Jason: BA NM State, MPA, JD South Dakota Department Services Manager Anderson, Lena: BA Deakin Executive Assistant Barberoglou, Silvia: Academic Services Officer (Postgraduate) Carey, Robin: BSc (Econ) MA (Econ) UC Riverside Executive Assistant Corkhill, Anna: BPD (Architecture), Grad Cert (Art History) Melbourne Academic Services Officer (Postgraduate) Dixon, Helen: Office Coordinator Murray, AnnMaree: BAppSci (PhysEd) VU Academic Services Officer (Postgraduate) Porto, Julieanne: Academic Services Officer (Undergraduate)

Department of Management and Marketing Professor and Head of Department (from February 2010) Sewell, Graham: BSc (Hons) PhD Wales Research interests: Workplace surveillance, teamwork, business ethics, organisation and management theory, qualitative research methods, evolutionary psychology, sociology of work and organisation, coroners’ recommendations, employment practices in the private security industry. Deputy Heads of Department Bell, Professor Simon: BCom (Hons) PhD Melb Research interests: Services and relationship marketing, customer loyalty, sales force management, organisational learning, social networks and regional clusters. Power, Associate Professor Damien: BBus MBus PhD Monash Research interests: Business to business e-commerce, supply chain systems/ virtual integration, business process redesign, operations strategy.

Professors Hardy, Cynthia: BSc (MgtSc) PhD Warwick Research interests: Organisational discourse theory, power and politics in organisations, organisational change, organisation theory, inter-organisational collaboration.

Harley, William: BA (Hons) PhD Qld Research interests: Industrial relations, HRM, work organisation, high erformance work systems, teamwork, labour process theory. Harzing, Anne-Wil: BA Hogeschool Enschede, MA Maastricht, PhD Bradford Research interests: HQ-subsidiary relations, international HRM, crosscultural management, language in international business, quality and impact of Academic Research. Lukas, Bryan: MBA Nebraska PhD Memphis Research interests: Strategic marketing, brand management, brand valuation, product strategy, marketing productivity, international marketing. Merrett, David: BEc (Hons) MEc Monash Research interests: Internationalisation of Australian firms, marketing of Australian wool, international banking in 1930s. Samson, Daniel: BE (Chem) UNSW, PhD AGSM UNSW Research interests: Business competitiveness drivers, operations strategy, risk management, sustainable development, e-business, decision making under uncertainty. Whitwell, Gregory: BEc Monash, PhD Melb Research interests: Environmental uncertainty, the marketing/finance interface, real options thinking in marketing strategy, marketing’s contribution to business strategy and the role of intangible marketing assets, international marketing, understanding customer needs, social capital’s relevance to marketing, electronic marketing.

Emeritus Professorial Fellow Isaac, Joseph: AO BCom BA (Hons) Melb, PhD London, HonDEcon Monash, Hon DCom Melb, Hon LLD Macquarie, FASSA Research interests: Labour market institutions, industrial relations, wages policy, small business. Associate Professors Brown, Michelle: BCom (Hons) MA PhD Wisconsin Research interests: Human resource management/industrial relations, pay systems – implications for stakeholders, employee participation and its consequences. Cregan, Christina: BA Leeds, DipEd Oxford, MSc PhD LSE Research interests: Trade union membership, young people in the labour market, internal labour markets, industrial democracy.

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.

typical product adoption, convergent high-tech products, consumer food consumption.

governance, Chinese business and management, Board of Directors, governance in the Asian region.

Lim, Elison: BBA (Hons) PhD NUS Research interests: Information processing, language effects in advertising, cross-cultural consumer differences, behavioural decision theory.

Sargent, Leisa: BA MOrgPsych Qld, PhD Toronto Research interests: The effects of job changes on identity and career related outcomes, stress and stress management strategies, team interventions and team effectiveness.

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

Koehler, Tine: Pre-dip (Philipps Uni), MA PhD George Mason Research interests: Global teamwork, cross-cultural communication, coordination and management, research methods and statistics.

Terziovski, Milé: BE (Hons) ME (Hons) W’gong, MBA RMIT, PhD Melb Research interests: Operations management, quality management, value of ISO certification, continuous improvement and innovation management, e-commerce – EuroAustralian collaboration in SMEs, international best practice, reengineering. Zhu, Ying: BEc Peking, PhD Melb Research interests: HRM, international HRM, international business management, economic development in Asia, political economy of globalisation.

Senior Lecturers Ainsworth, Susan: BA Hons GDipIR Sydney, GDipEvaluation MCom (Hons) PhD Melb, GCert (Higher Ed) Sydney Research interests: Identity, age and gender in employment, organisation studies, discourse analysis, critical management studies, public policy, government advertising. Barsky, Adam: BA (Psych&Sociology) Wisconsin-Madison, M (I/O Psych) PhD Tulane Research interests: Social issues in management, business ethics, workplace fairness, discrimination, job related effects and work stress, personality and well-being, research methodology and statistics. Bove, Liliana: BAgSci (Hons) LaTrobe, BBus (Marketing) RMIT, PhD Monash Research interests: Service marketing, relationship marketing, customer loyalty, customer citizenship behaviour. Goldsmith, Suzy: BSc(Eng) Hons ACGI, MSc(Eng), PhD Research Interests: water, corporate risk and governance, sustainability and innovation. Lei, Jing (Jill): BBA (Hons) NUST, PhD Maastricht Research interests: Brand extension strategies, brand architecture, product harm crises, counterstereo-

Zyphur, Michael: PhD Research interests: Organizational behaviour, quantitative research methods, industrial and organizational psychology.

Lecturers Bhakoo, Vikram: BA (Hons) Economics MA (Economics) MIMS PhD Monash Research interests: Supply chain management, technology adoption, qualitative techniques in operations management. Canniford, Robin: BSc (Hons) (Psych& Physiology) Southampton, MSc EconPsych) PhD (Social Science) Exeter Research interests: Consumer culture and the body, consumption communities, biosocial consumption, sociological interpretations of marketing and advertising. Chmielewski-Raimondo, Danielle: BA/BCom (Hons) PhD Melb Research interests: Strategic marketing, strategic management, timing of entry, brand introduction strategy, resourcebased view and capabilities, strategic orientation. Coker, Brent: BCA (InfoSys) BCA (ElectronicCommerce&Multimedia) PhD (InfoSys) VU Wellington Research interests: Consumer decision making in online environments, internet marketing strategy, measuring the online consumer experience. Hanna, Victoria: BEng (Hons) PhD Loughborough Research interests: Small firm cooperation, innovation and competitiveness. Harris, Philip: BAppSc (Hons) PhD Swinburne Research interests: Emotions and decision-making, consumer neuroscience, neuroeconomics. Hu, Helen: Bsc (Hons) UOL, PhD Monash Research interests: Corporate

Mol, Joeri: MSc Erasmus, PhD (Mgmt Sci) Groningen Research interests: Selection mechanisms in markets, power and appropriation in rganisations, classification systems and genre formation, diffusion processes, broadcasting and creative industries. Nagpal, Anish: BSc (Hons) MechEng MSc (Hons) Econ BITS Pilani, PhD (Mktg) Houston Research interests: Consumer behaviour, information processing, decision frames, choice and conflict, customisation strategy and decision making. Neville, Ben: BCom PGDip PhD Melb Research interests: Corporate social responsibility, business ethics, stakeholder theory and management, climate change and environmental issues, consumer issues, cross-cultural issues in marketing and management. Nyilasy, Gergely (Greg): BA Pazmany Peter Catholic U Hungary, MA PhD Georgia USA Research interests: Advertising, digital marketing, service recovery/complaint handling, marketing ethics. Osegowitsch, Tom: BA (Hons) Wirtschafts Wien, MCom (by Research) PhD UWA Research interests: Strategies of multinational companies, international business, strategy, HQ-subsidiary relationship. Phipps, Marcus: BA/BBus (Hons) PhD (pending) Monash Research Interests: Consumer culture theory, macromarketing, political marketing and marketing, sustainable consumption Sammartino, André: BCom (Hons) PhD Melb Research interests: International business, regionalisation and globalisation, internationalisation of Australian firms, transformation of subsidiary roles, vertical scope and competitive advantage, business history. Yamao, Sachiko: BA Tsuda Coll, MEcon Kobe U, MSc (Int’lBus&Mgmt) UMIST, PhD Monash Research interests: Human resource

Annual Report 2010 Outlook 2011 61

management in foreign subsidiaries of multinational corporations (MNCs), knowledge management within MNCs, knowledge sharing between expatriate and local staff at MNC subsidiaries. Yang, Shu-Jung (Sunny): PhD AGSM UNSW & USYD Research interests: Competitive dynamics in areas of operations and innovation management such as: supply chain competition and disruption, product development, operations and technology strategy, process improvement and radical innovation.

Head Tutor Cotronei-Baird, Valerie: BA (Hons), GradDipEd, Cert IV (Training& Assessment) Research interests: Virtual teams, team development and collaborative skills in management education and the training transfer to the workplace, team-based learning in Business Schools, case-based teaching and learning, tutor training as facilitators. Maragos, Marie: BBus Monash (Banking&Finance) (Hons) Research Interests: Sustainability and environmental management, competitive dynamics in operations and supply chain management, process innovation and competitive advantage.

Professional Staff Short, Wendy: AssDipApSci (Sci Lab) Swinburne, GDipEdAdmin HIE MEdAdmin UNE Department Service Manager Banford, Alison: Academic Services Manager Boorn, Samantha: BA (Community Dev) VU Department Academic Support Officer, Front Office Bryce, Tim: BA(Hons) Melb Department Academic Support Officer Donelly, Barbara: Department Academic Support Officer, Front Office Heddle, Nicole: AdvDip (Photography); Department Academic Support Officer Pedley, Sarah: BA (Hons) Melb, DipTeach Perugia Department Academic Support Officer Robertson, Katie: DipApSci (Animal Tech) Box Hill Inst, DipSocialSci (Justice) Eastern TAFE Department Academic Support Officer Simon, Denise: Executive Assistant

Honorary Professorial Fellows Dick, Howard: BEc (Hons) Monash, MEc PhD ANU

62 Annual Report 2010 Outlook 2011

Research interests: Asian business, corruption and governance, institutional development, global logistics, urbanisation in the Asia-Pacific, maritime history and policy. Country expertise: Indonesia, Southeast Asia, Japan. Heidi, 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, Germany. Research Interests: Market-oriented management, customer relationship management and sales management. Snow, Charles: PhD (Bus Admin) California, Berkeley, Postdoc Fellowship, Stanford Research Interests: Global and competitive strategies, new organisational forms. Verhezen, Peter: MA Phil Sci & Ethics Leuven, MA Int Relations & Int Eco Antwerp, MBA Finance Leuven/Chicago Bus Sch, PhD Leuven. Research Interests: Ethical leadership, integrated risk and governance (focus on Asia), business ethics and corporate social responsibility, corporate sustainable strategies and sustainable investments.

Melbourne Institute of Applied Economic and Social Research 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 and Professorial Research Fellow Wooden, Mark: BEc Hons Flinders, MSc (Eco) Lond FASSA Research interests: Labour economics, industrial relations and survey methodology. Professorial Research Fellows Lim, Guay: BEc MEc PhD ANU Research interests: Macroeconometrics, modelling the Australian economy, financial econometrics, DSGE models. Scott, Anthony: BA Hons Newcastle, MSc York, PhD Aberdeen Research interests: Health economics organisation and financing of health care, labour markets of health care professionals.

Webster, Elizabeth: BEc Hons MEc Monash, PhD Camb Research interests: Industrial economics, innovation and intellectual property, labour markets.

Principal Research Fellows Jensen, Paul: BEc USyd, PhD UNSW Research interests: Economics of innovation, contracts and incentives, health economics, privatisation and contracting out, firm survival, economics of climate change. Kalb, Guyonne: MEc Erasmus, PhD Monash Research interests: Applied microeconom(etr)ics, in particular, labour and household econom(etr)ics, social policy issues, microsimulation modelling. McVicar, Duncan: BSc Econ (Hons) London, MSc Southhampton, PhD Southampton Research interests: applied labour economics – program evaluation, unemployment and inactivity, disability and the labour market, youth transitions. Wilkins, Roger: BCom Hons MCom Melb, MSc Wisc, PhD Melb Research interests: Labour economics, income inequality and poverty, microeconomics, applied microeconometrics.

Senior Research Fellows Buddelmeyer, Hielke: MA Vrije, PhD NYU Research interests: Applied microeconomics, labour supply, applied econometrics, behavioural microsimulation. Cai, Lixin: BEd Henan, MA Renmin, MEc PhD ANU Research Interests: Health and labour market outcomes, effects of tax and transfers on labour supply, microsimulation modelling. Chua, Michael: BEc Hons PhD UNE Research interests: Bayesian inference, forecasting, applied macroeconomics. Palangkaraya, Alfons: BSc UMo, MA Penn St, PhD Ore St Research interests: Industrial organisation, health economics, econometrics. Scutella, Rosanna: BCom (Hons) PhD Melb Research interests: Poverty, inequality, social welfare, labour economics and public finance. Tseng, Yi-Ping: BEc Taiwan, PhD ANU Research interests: Labour economics, applied microeconometrics, economic and social policy. Watson, Nicole: BSc UWA, GDipMgtSc Canberra, MMedStat Newcastle

Deputy Director Survey Management, HILDA Project Yong, Jongsay: BA BSocSc Hons MSocSc NUS MA PhD Brit Col Research interests: Health economics, empirical industrial economics, hospital performance and productivity.

Research Fellows Cheng, Terence: BSocSci (Hons) MSocSci NUS Research interests: Applied microeconomics, applied microeconometrics, economics of mixed public-private health care systems, health human resource. Claus, Edda: BA (Eco) McGill, MSc UMontréal PhD, ANU Research interests: Macroeconomics, financial economics, applied econometrics. de Rassenfosse, Gaétan: BBSc BS (ScMgmt) MA (ScMgmt), PhD Bruxelles Research interests: Understanding the creation and the diffusion of innovation and scientific discoveries, knowledge obsolescence, markets for technology, venture capital. Goode, Alison: BA Hons Newcastle Upon Tyne, MSc Aberdeen Research Interests: Obesity, lifestyles and behaviours, Public Health issues Hanel, Barbara: MSc Bonn, PhD Erlangen-Nuremberg Research interests: Empirical labour economics, social policy, Herault, Nicolas: BSc (Eco) MSc (Eco) PhD Bordeaux IV and Toulouse I Research interests: Labour economics, income tax policies, trade liberalisation, microsimulation modelling, micro-macro modelling. Jeon, Sung-Hee: BA Ewha Womans, MA PhD York (Toronto) Research interests: Applied microeconomics, health human resources, tax social and health policies, family well-being. Kim, Jounghyeon: BA (Eco) Dongguk, MA Eco Virginia, MA IDE Yale PhD Indiana Research interests: (Open) macroeconomics, monetary economics. Kostenko, Weiping: BIS Beijing Jiaotong, MEco Guangdong Academy of Social Science, PhD Monash Research Interests: Microeconometric models with applications to labour, migration and health economics Le, Trinh: BMS Waikato, PhD Canterbury Research interests: Development economics, labour economics, household savings and wealth, retirement income policy.

Lee, Wang-Sheng: BA (Eco) Colby, MA Michigan, PhD Melb Research Interests: Program evaluation, applied microeconometrics, government transfer programs and happiness economics Moschion, Julie: B (Econometrics) Dauphine, MA (Macroecons), PhD Paris Research interests: Labour and education economics, program evaluation, empirical microeconometrics. Polidano, Cain: BAgricEcon (Hons) LaTrobe, MAgric Econ Syd, PhD Monash Research interests: Education and training policy, youth transition, health economics and applied microeconometric analysis Schurer, Stefanie: Dipl Potsdam, MSc York, PhD Bochum Research interests: Microeconometrics, health economics. Sivey, Peter: BSc (Eco) MSc (Health Economics) PhD York Research interests: Microeconomics, health economics, applied microeconometrics, specifically discretechoice modelling, non-linear panel data methods, industrial economics applied to health care markets. Tobasso, Domenico: BSc (Eco) Bocconi, MSc (Eco) Essex, PhD Essex (expected January 2011) Research interests: Labor economics, family economics, demographic economics, applied microeconomics. Thomson, Russell: BSc GrdCert Development Melb, GrdDipEcon PhD ANU Research interests: R&D and innovation policy, the determinants of innovation, technology transfer and diffusion, the behaviour of multi-national enterprises, infrastructure investment and procurement, applied industrial economics. Tsiaplias, Sarantis: BCom Hons/LLB Deakin, PhD Melb Research Interests: Macroeconomics, Financial Economics, Econometrics, Forecasting Vu, Ha: BEc Newcastle, Hons ANU, PhD Melb Research Interests: Applied econometrics, social policies and labour economics

Research Officers Black, David: BCom Hons Melb Research interests: Labour economics, government policy, applied econometrics. Fok, Yin King: BCom Hons/BIS Melb Research interests: Labour economics (human capital, immigration and labour supply).

Hahn, Markus: German Dip (Eco) Ruhr Research interests: Labour economics, economics of poverty and well-being, applied econometrics. Houng, Brendan: BCom (Hons)/ BSoftwareEng Melb Research interests: Labour economics, economics of education, applied microeconometrics. Kuehnle, Daniel: BA (Hons) (Econs& Politics) Leeds, MSc (DevelopmentEco) Manchester Research interests: Development economics, economics of gender, labour economics. Warren, Diana: BCom MCom (Hons) W’gong Research interests: Labour economics, mature age labour force participation and the transition to retirement. van Zijll de Jong, Mark: BCom (Hons) Lincoln Research Interests: Labour Economics and Taxation Yan, Wenda: BBA (Eco and Int Fin) Macau, Dip (App Eco) ANU, MSc (App Eco) ANU Research interests: Applied microeconometrics, labour market of health care professional. Zakirova, Rezida: BA (Banking), MSc (Math) Moscow ABD, MA (Eco) CEU Research interests: Development economics, labour economics, applied microeconomics.

HILDA Survey Methodologist Sun, Claire: BSc BCom MCom Auckland (until September 2010) Li, Ning: BA (AppMath), MA (EcoMath) China, PhD LaTrobe Research interests: Statistical methodology, applied statistics, statistical computing, Bayesian statistics (from November 2010)

Survey Manager Leahy, Anne: BCom GCertClassics GradDipPhilosophy Melb

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

Survey Research Database Manager and Analyst Freidin, Simon: BBSc Hons GDipCompSc LaTrobe Database Support Officers (HILDA) Dunn, Ross A.: BA AppSc RMIT, GradDip BIT Swinburne Ittak, Peter: BSc BEc MPH (Monash)

Annual Report 2010 Outlook 2011 63

Research Assistant Ware, Kerry Honorary Appointments Adjunct Professors Borland, Jeff: MA Melb PhD Yale, FASSA Research interests: Operation of labour markets in Australia, program and policy design and evaluation, applied microeconomics (economics of sports), Australian economic history. Creedy, John: BSc Brist, BPhil Oxf, FASSA Research interests: Income distribution, public economics, labour economics, history of economic analysis. Dixon, Robert: BEc (Hons) Monash, PhD Kent Research interests: Macroeconomics, industrial economics, Marxian economics, regional economics. Freebairn, John: MAgrEcon NE PhD Davis FASSA Research interests: Taxation reform, labour economics, natural resource economics. Shields, Mike: BA (Hons) Staffordshire, MSc Health Economics York, PhD Leicester Research interests: Health economics, economics of happiness, labour economics, applied microeconometrics. van Ours, Jan: MSc Delft MSc PhD Erasmus Research interests: Health economics, labour economics. Professorial Fellows Burkhauser, Richard: BA (Eco) St Vincent MA (Eco) Rutgers PhD Chicago, President of the Association for Policy Analysis and Management. Dawkins, Peter: BSc Lough, MSc (Eco) Lond, PhD Lough, Secretary, Department of Education and Early Childhood Development Drago, Robert: BS Tulsa, MA PhD Mass/Am, Professor of Labor Studies and Women’s Studies, Pennsylvania State University Sloan, Judith: BEc Hons MA Melb, MScEc London Williams, Ross: BCom Melb, MScEc PhD Lond, FASSA

Principal Fellows Headey, Bruce: BA Oxf, MA Wisc, PhD Strath Marks, Gary: BSc Hons MSc Melb, PhD Qld

64 Annual Report 2010 Outlook 2011

Senior Fellows Doiron, Denise: BA Monc, MA PhD UBC, Department of Economics, The University of New South Wales Rogers, Mark: BSc Lond, MSc Warw, PhD ANU, Harris Manchester College, Oxford University Stillman, Steven: BA (Eco) (Hons) Williamstown, MA (Eco) PhD Washington

Professional Staff Best, Michelle: BEnvSc LaTrobe Administrative Assistant Buchanan, Lyn: BA CDU, GradDipEd CDU, GradCert ICT Ed CSU Executive Assistant Craw, Emma: BA (Hons) Tas Administrative Assistant (from December 2010) Derham, Rachel: BSc GCertUniMgmt Melb Business Manager Fern, Virtue: Executive Assistant (until August 2010) Goh, Theresa: BBus (Bus Admin) MPA RMIT CPA Finance and Resources Manager Hope, Penelope: BA LaTrobe Functions Manager Howard, Cliff: BCom Melb Communications and Publicity Manager (until November 2010)

Executive Director, Graduate School of Business and Economics Young, Brooke: BA LaTrobe PGDip (ArtCurSt) MEnterprise (Exec) Melb (until May, 2010) Director, Advancement, Faculty of Business and Economics Dixon, Suzanne: BCom DipEd Hawthorn Institute, MBA VUT Director, Marketing and Commercial Engagement Young, Brooke: BA LaTrobe PGDip (ArtCurSt) MEnterprise (Exec) Melb (from May, 2010) Professional Staff Tinworth, Koby: Executive Assistant to the General Manager and Deputy Dean and Director (GSBE) Vellu, Phyllis: MA India Executive Assistant to the Dean

Advancement and Marketing Abud, Fiona: BSci(SEAP) RMIT, GradCert Dev, MIB Melb Segment Manager – Postgrad Programs Barrier, Lorine: MAppCom(Mktg) Melb Marketing and Recruitment Officer Barry, Anthea: BA UCT GCertLinguistics PGCertEditing&Comms Melb Alumni Relations Manager

Lentini, Nellie: BA Monash Publications Manager

Becerra, Maria: MAppCom(Acc), BBusAdmin Peru Awards and Fundraising Officer

Liew, Woei Tian: BSc MSc LaTrobe, GDipEc Melb Research Officer – Computing (until June 2010)

Cheng, Chris: BA(Media Comm) MAppCom(Mktg) Melb Alumni and Community Engagement Officer

Madsen, Paula: Administrative Officer, Labour Economics and Social Policy

Cosgrove, Jonathan: Major Gifts and Fundraising Manager

Sapar, Nicky: BBus BA Monash Administrative Assistant, HILDA

Cox, Chantelle: BA MT (Web&Internet Computing) RMIT Web Developer

Weaver, Phillip: BA Politics Manchester Metropolitan Administrative Assistant (until February 2010) Wilson, Michelle: BA (Hons) Melb Executive Officer, IPRIA

Faculty Secretariat General Manager, Faculty of Business and Economics Loi, Aileen: BCom MIB Chartered Accountant (ICAA, ICANZ) Business Centre Manager Chiha, Kathy: BSc (Syd) MBA (UNE) MPA (Deakin)

Gillman, Kylie: BA (Hons) Melb Communications Manager Lawry, Fiona: GDipFineArt Melb, BFineArt ANU Communications Manager (Parental leave from June 2010) Lohman, Caitlin: Bachelor of Communication (Public Relations) RMIT Marketing and Events Officer McCormick, Chrissy: Scholarships and Prizes Officer (until June 2010) Migallos, Patricia: MAppCom(Mktg) Melb Segment Manager, Undergraduate Programs

Quilford, Rees: BA (Hons) Monash, MA Melb Manager Strategic Marketing (Academic Research) (from June 2010)

Mong, Catherine: BBusAdmin Singapore, GDipSoftwDev RMIT, GCertUniMgt Melb Academic Programs Officer

Qin, Rosy: BCom GDipEd Melb Finance and Resources Officer

Roller, Danielle: BA Swinburne Manager Strategic Marketing (Academic Research) (until June 2010) Communications Manager (from June 2010)

Monteiro, Joran: MA Political Science (Asian Studies) University of Amsterdam Enquiries Officer

Tan, Michael: Building Porter

Segal, Michelle: BA, MA Melb Executive Officer Communications Serpell, Elizabeth: Executive Assistant Vucetich Karibian, Rocio: BBusAdmin Peru Marketing and Recruitment Manager Viziru, Aida: B Comm&PR BBU Romania Web Developer

Commerce Student Centre Barrie, Craig: BA LaTrobe, PGDip MA Student Experience Project Officer (until Aug 2010) Benetti-Hille, Marika: BA LLB Monash, BSW Melb Student Experience Officer Bennett, Sharyn: BA (IntStud) RMIT Global Mobility Coordinator Boardman, John: BA SUNY Team Leader, Student Services (until Dec 2010), Manager Student Services (from Dec 2010) Brennan, Rachael Emily: BA Econ Qld Student Adviser Dun, Andrew: BCogSci (Hons) UWA Student Experience Officer Gilleard, Rachel: BA Executive Officer (Academic Policy and Programs) Gray, Rebecca: Enquiries Officer Hayes, Jemimah: Student Adviser Hoare, Jacqui: BCom(Mgmt) GradCert Multimedia Swinburne Capstone Studies Coordinator Kritikakos, Evangelos: BA (Hons) PhD Monash Acting Manager, Student Experience (until Nov 2010), Acting Co-Manager Commerce Student Centre (May-Nov 2010) Laughlin, Kylie: BA (Crim) PGDipArts (Crim) GCertUniMgt Melb Manager, Academic Policy and Programs, Co-Manager Commerce Student Centre (from May 2010) McPharlin, Susan: BA BCom Adel Manager, Student Experience

Navon, Catherine: BA Monash, GDipArts Melb Senior Student Adviser Pecoraro, Francesca: BA (Media Studies) RMIT, GCertUniMgt Melb Manager, Commerce Student Centre Robertson, Katie: DipSocSci (Justice) DipAppSc Box Hill TAFE Senior Student Adviser Roussy, Patrick: Enquiries Officer

Rycroft, Anna: BA VU Finance and Resources Officer

Graduate School of Business and Economics Banyasz, Agnes: MA DipEd ELTE Budapest, GDip (Careers) Deakin Manager, Business and Economics Careers Centre Barrie, Craig: MA PGDip (Arts) Melb, BA LaTrobe Student Experience Manager (from Aug 2010)

Sarkies, Jacqueline: BA LaTrobe Senior Student Adviser

Chandran, Dinesh: BSc (BusAdmin) Cal. State LA Admissions Officer

Shears, Monique: Professional Enhancement Officer

Collis, Stephen: Academic Services Manager

Singh, Isha: BCom Advertising (Creative) RMIT Enquiries Officer

Croser, Rebecca: BA (Hons) GDipArts (Creative Writing) Melb, BDes SAust, Course Advisor

Squire, Leonie: Student Adviser

Dado, Marielle: BA (Psych) Philippines Student Experience Officer (AIESEC)

Stahli, Simone: BSocSci (Youth Work) RMIT Enquiries Officer (until Oct 2010), Student Experience Transition Officer (from Oct 2010) Thompson, Clare: BA Monash, DipCIS RMIT Senior Student Adviser

Finance and Resources Akilan, Nadesu: BAcc & Finance (Metropolitan University, UK), CIMA Financial Accountant Buykx, Gerard: BBus VU, CPA Business Analyst Carey, Robin: BSc (Econ), MA (Econ) UC Riverside Project Officer Dougherty, Elizabeth: BBus VU, GCertUniMgt Melb, CPA Management Accountant Doyle, Joanne: BBus RMIT, MAC Melb, CPA Financial Accountant

Douglas, Jean: Student Services Officer Elliott, Eufemia: BA BCom Melb Careers Consultant Elston, Sue: BMusEd Melb, Cert IV (Workplace Training) Careers Consultant Guzman, Melania: M Psych Mexico, MA Surrey, MHRM Melb Career Programs Coordinator Hamilton, Amanda: BA Deakin Academic Programs Manager Harper, Clare: BA (Hons) Hull, MA (IntEd) Nottingham Student Centre Manager Herczeg, Margaret: Admissions Manager (maternity leave) Hobden, Rebecca: BA MMC Aarhus Student Experience Officer Jenzen, Rachel: BA (Hons) MA Melb Manager (Policy and Projects) Jose, Sabina: Academic Programs Manager

Gravier, Lachlan: BBus LaTrobe Transactional Services Manager

Lascelles, Scott: BBus LaTrobe Executive Officer, Student Services

Hall, Bradley: Senior Finance Officer

Loh, Ruttigone: BA (Hons) RMIT Admissions Officer

Ligris, Sheena: Grad Cert (Cert III Bus (Acc) Box Hill Inst of TAFE, Grad Cert (Cert IV) MWT Group Finance and Resources Officer Liu, Min: BApp Sci (Hons) (Applied Accounting) Oxford Brooke Uni, UK Finance and Resources Officer

Martini, Daniel: BA LaTrobe Admissions Manager Segar, Shalini: BA Melb Course Advisor Smout, Mathilda: BA RMIT, Grad Dip Psych Melb Career Programs Officer

Annual Report 2010 Outlook 2011 65

Stichbury, Amy: BA (Crim&Sociology) VU Wellington Student Services Officer Trajcevska, Vesna: Course Adviser Tran, Kim-Vy: B BusMgmt, Canberra Course Adviser

Human Resources Unit Fox, Jacinta: BA Human Resources Officer (Jan-May 2010) Hanlon, Terri: GDipBusMgmt, MInd&Emp Rels Manager, Strategic Development and Human Resources (job share) (from Dec 2010) Harvey, Erin: BBus, DipMgmt (Hospitality) Human Resources Officer (from July 2010) Hicks, Kylie: BBus, BA Manager, Strategic Development and Human Resources Le Moignan, Catherine: BA, GDipAppSc, GDip (Industrial Relations & Employee Relations) MMgmt Manager, Strategic Development and Human Resources (job share) (from Dec 2010) O’Connell, Jenny: BA, DipCreativeArts Human Resources Administrator (Jan-May 2010) Sivaraj, Sonya: BBus, MHRM Human Resources Consultant

Lazo, Alfredo: BSc (Eng) MInfoTechMgt Lima IT Infrastructure Manager (Client Support Manager Jan-Apr 2010) (Core Services Specialist May-Oct 2010) Leong, Colemann: Systems Support Officer (Jan-Apr 2010) Liew, Woei Tian: BSc MSc LaTrobe GDipEc Melb System Support Officer (from June 2010) Lloyd, Amanda: BBus (InfoSystems) VUT, GCUM Melb, ITIL SME, PRINCE2 IT Operations Manager Lo, Victor: MTech RMIT, BEng (Geomatics) UNSW Mid-Level Applications Developer Majczak, Daniel: DipHospMgt William Angliss, BBus (InfoSystems) VUT, MCP IT Resources Manager (Jan-June 2010) Mattvey, Michael: System Support Officer Mohyadin, Abdi: IT Resources Officer Moir, Wendy: BAppSc (InfoTech) (Hons) CSturt Service Desk Administrator (System Engineer Nov 2010 – Feb 2011) Nguyen, Fusan (Fu): IT Projects Officer Nguyen, Thu: BBIS VUT IT Resources Officer (on secondment in 2010) Nguyen, Trung: System Support Officer

Venkataramani, Ramya: BCom MHRM Human Resources Officer (Sep-Dec 2010)

Peluso, Daniel: BBus (InfoSystems) VUT Core Services Architect (Jan-Oct 2010)

Information Technology Professional Services Unit

Pham, Maggie: BBus (InfoSystems) Service Desk Manager

Nguyen, Trisan: Trainee Support Officer

Pham, Quynh: BSc GDipEcons Monash Systems Support Officer

Air, Alister: BAppSc UTS Faculty IT Manager

Phan, Van: BCompSci VU Applications Developer

Andonov, Paul: BSc (MathComp), AssDip (Comp) VU Application Service Manager

Rodriguez, Fernando: DipIT Box Hill TAFE MCP MCSA ITIL Prince2 IT Infrastructure Systems Engineer

Chan, Steven: BBus (Info Sys) VU, Cert IV IT VUT Systems Support Officer

Sharma, Sanjay: MSc India PGDipCompSysEng RMIT Database Services Manager

Do, Nghia: BElectEng RMIT Systems Support Officer

Shen, Aileen: IT Resources Officer

Everett, Michael: BSc (MathComp) AssDip (BusComp) VU Senior Applications Architect Fauzi, Fauzi: BIT CQ University Systems Support Officer Kartalis, Bill: BBus VUT, AssDip (PHYS/ COMP) WMCT AdvCert (IT) FT, CBE VUT, MCP MCSE ASA (AIX) CSM SPA PRINCE2 ITIL SME and Managers. Programme and Change Manager

Sivathash, Bala: MSc (UK) BEng India MCSE CCA Systems Support Officer Ta, Daniel: Service Desk Administrator Templeton, Hetty: BBus (CompSysMgmt) VUT, GDipMgmt Melb ITIL SME, PRINCE2 IT Resources Officer (IT Resources Manager June-Dec) Vancuylenburg, Sanjeeva: Service Desk Administrator Xue, June: Senior Applications Developer

66 Annual Report 2010 Outlook 2011

Uhen, Timothy: BBus (CompSys Mgmt) VUT ITIL SME Client Support Manager Coskun Susoy; IT Resources Officer (Nov-Dec 2010)

Research Support Unit Antonopoulos, Anthea: AssDipBusAdmin Swinburne Research Support Officer Braybrook, Penny: BSocSci MBIT Research Database Manager Decolongon, Jennifer: DipDramArts VCA, BA Hons PhD candidate Melb Academic Programs Manager (Research Higher Degrees) Morton, Heidi: BA (Hons) Tas, MCom Research Administration Officer Randall, Jacqueline: BA Melb, GDipMediaStud Deakin Manager, Research Support Unit Tang, William: BCom Melb, GDipEDP CIT Research Database Administrator

Teaching and Learning Unit Beaumont, Tim: BA Adel, GDipEd LaTrobe, MEd RMIT Lecturer in Higher Education Calma, Angelito: BSc BusMgt (Philippines), MMgt (Philippines), GradDipEdStudies Qld, DEd Melb Lecturer in Higher Education Carter, Dorothea: BEd Maths Tutor Davies, Martin: BA Deakin, RSA CELTA Cambridge, BA PhD Flinders, GDipEd PhD Adel Acting Director De Fazio, Teresa: BA (Hons) LaTrobe, DipEd LaTrobe, MA Melb, PhD Monash, Lecturer in Higher Education Draper, Sanchia: BA Swinburne, PGDipEco MPPM Melb Programs and Publications Coordinator Eggins, Mark: BA ProfWriting Canberra, MEd TESOL W’gong, Cert IV Trng&Ass Victoria, GradDipEduRsrch Melb Learning Support Officer Moore, Patrick: Cert IV (Screen Production) School of Art, Adel Multimedia Developer Puglielli, Sonia: CertAdmin Academic Programs Coordinator and Personal Assistant to Director Puglielli, Nadia: CertAdmin Administrative Assistant Shaw, Jennifer: DipIT Chisholm Multimedia and Administrative Assistant

Appointments and promotions New appointments

Melbourne Institute

Accounting and Business Information Systems

Director and Ronald Henderson Professor Professor Deborah Cobb-Clark

Senior Tutors Mr Brett Lombardi Ms Sarah Quek Mr Jun Wei Tong

Principal Research Fellow Dr Duncan McVicar

Academic Services Officers Ms Aminata Doumbia Ms Jen Perry

Research Fellows Dr Gaétan de Rassenfosse Dr Barbara Hanel Dr Jounghyeon Kim Dr Trinh Le Dr Julie Moschion Mr Domenico Tabasso

Administrative Officer Ms Leonie Haddad

HILDA Survey Methodologist Dr Ning Li

Manager, Academic Services Ms Cathy Mason

Database Support Officer Mr Ross A. Dunn

Economics

Research Officer Mr Wenda Yan

Front Office Administrator Mrs Rosalynn Korn

Lecturers Dr Reshad Ahsan Dr David Byrne Dr Kei Kawakami Dr Eik Swee Front Office Administrator Ms Brie McPherson Personal Assistant to the HOD Ms Kathryn Perez Finance Lecturers Dr Ziemowit Bednarek Dr Stefan Petry

Professional Staff Ms Lena Anderson Ms Anna Corkhill

Management and Marketing Lecturer Dr Robin Canniford Dr Gergely (Greg) Nyilasy Dr Marcus Phipps Senior Research Fellow Dr Peter Cebon Research Fellow Mr Paul Evans Dr Kohyar Kiazad Dr Roberto Poles

Executive Assistant Ms Virtue Fern Administrative Assistant Ms Emma Craw

Promotions Economics Professor Professor Mark Joshi Associate Professor Associate Professor Christian Edmond Associate Professor Shuanming Li Senior Lecturer Dr Michael Coelli Dr Liana Jacobi Dr Nikos Nikiforakis Dr Xueyuen Wu Management and Marketing Associate Professor Associate Professor Angela Paladino Senior Lecturer Dr André Sammartino Melbourne Institute Professorial Research Fellow Professor Elizabeth Webster

Senior Research Fellow Dr Hielke Buddelmeyer Dr Chew Lian Chua (Michael) Ms Nicole Watson Executive Assistant Ms Lyn Buchanan

Farewells Accounting and Business Information Systems Ms Sherryl Anderson Ms Sophie Barnes Ms Cathy Carbone Associate Professor David Emsley Mr Bernardo Jarrin Ms Sheena Ligris Dr Poh Sun Seow Ms Victoria Smith Dr Viravalli Govindarajan Sridharan

ECONOMICS Professor Lisa Cameron Mrs Michelle Chart Associate Professor David Harris Dr Susan Olivia Dr David Pitt Dr Manisha Shah

Finance Associate Professor Christine Brown Ms Leonie Haddad Dr Patrick Verwijmeren Ms Robin Carey

Management and Marketing Associate Professor Milé Terziovski Dr Victoria Hanna

Melbourne Institute Dr Lixin Cai Dr Pu Chen Ms Virtue Fern Ms Alison Goode Mr Cliff Howard Dr Weiping Kostenko Dr Wang-Sheng Lee Mr Woei Tian Liew Dr Andreas Steirwald Ms Claire Sun Dr Sam Tsiaplias Mr Mark van Zijll de Jong Dr Thi Hong Ha Vu Mr Phillip Weaver

Principal Research Fellow Dr Jongsay Yong

Annual Report 2010 Outlook 2011 67

Statistical tables Table 2 Teaching Load, 2000-2010

Table 1 Course Enrolments, 2010* Course

BA/BCom

International students

Total enrolments

357 8

BAgr/BCom

–

BCom

Year

Other than Higher Degree

Higher Degree

Total

2010

4554

944

5498

2009

4669

1136

5805

2,715

5,071

2008

4462

1369

5831

2007

4163

1293

5456

BCom(Hons)

161

2006

3993

1094

5087

BCom/BPC

2005

3997

941

4938

BCom/BSc

121

2004

3840

727

4567

BCom/LLB

2003

3793

571

4364

BE/BCom

284

2002

3570

419

3989

2001

3264

331

3595

2,913

6,165

2000

3073

266

3439

BCom/BIS

BMus/BCom Total Undergraduate** Certificates

–

Diplomas

Masters (CW)

815

1,300

Masters (Res)