2009 Annual Report FBE

Annual Report 2009 Outlook 2010

Annual Report 2009 Outlook 2010 a

b Annual Report 2009 Outlook 2010

contents 2 2009 Message from the Dean 5 About the University of Melbourne 6 About the Faculty of Business and Economics 8 The Graduate School of Business and Economics 10 Departments in the Faculty 10 Accounting and Business Information Systems 11 Economics 12 Finance 13 Management and Marketing 14 Melbourne Institute 15 Centres in the Faculty 22 2009 News and highlights 22 Staff distinctions and awards 24 Public lectures in 2009

27 Research 28 Research grants awarded in 2009 29 Research publications 2009 38 Research higher degree completions 39 Kinsman Honours Scholarships 39 Visiting Research Scholar Grants 40 Engagement with business and community 41 Engagement with our students 43 Engagement with Alumni 46 Prominent graduates 48 Internationalisation 50 Exchange Partner Institutions 52 Academic and professional staff 63 Academic appointments and promotions 64 Statistical tables

25 Academic programs 25 Undergraduate programs 26 Graduate programs

Annual Report 2009 Outlook 2010 1

Message from the dean 2009 was a year of major change and development for the Faculty. During the year we reviewed our mission, vision and strategy for the future. This review was prompted in part by the proposal for the Faculty to merge with the Melbourne Business School. While the merger did not proceed, the discussions culminated in a refocus, a new direction and a new name. The Faculty of Business and Economics was launched in January 2010.

I am excited about this change because the Faculty of Business and Economics is poised to be the leading provider of business and economics education in the AsiaPacific region. Through a restructure and a refocus, we will build on our history and develop a life-long learning model that will benefit individuals, business, government and the community sector.

The Faculty attracts the brightest minds and we produce strategic, global thinkers who take on leadership roles both 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.

Commencing in 2010, the Faculty has established three academic divisions to deliver this life-long learning model: Y An

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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Y 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.

Y Executive

Education Programs Led by Academic Director, Professor Simon Bell and Director of Commercial Engagement, Brooke Young, Executive Education will draw on the broad resources of the University to ensure that we optimise the opportunities for experienced professionals and industry.

Our vision is to create a world class Faculty of Business and Economics offering undergraduate, graduate and executive education, renowned for its scholarly teaching, excellence in research and the productive exchange of knowledge – making us a clear national and regional leader in education.

Business and economics education is highly competitive and requires innovation and consistent investment in people and infrastructure. We have the capability to achieve our vision through the quality of our academic departments and research centres and the talented staff within them.

Our ability to produce relevant and work-ready graduates is enhanced by strong links with business, government and the community.

We have much to do in 2010 and beyond. However, I would like to take a moment to celebrate some of the achievements of 2009 below.

The Spot Affectionately known as “The Spot”, 198 Berkeley St is a landmark in the University’s commitment to sustainable development. It is the first university building in Victoria to be given a 5-Star rating, under the Green Building Council of Australia’s Green Star Education tool, denoting Australian Excellence. Already we are seeing an impact on environment performance with a 50 per cent reduction in energy use compared to other recently completed University buildings.

Increasing alumni support for the Faculty In 2009 the Faculty received several generous donations including $1million from an anonymous alumnus wanting to help students who had faced hardship in high school. As a result the Commerce Opportunity Bursary was created to provide assistance for two BCom students each year.

Alumnus Dr James Riady donated $1.5million to the Faculty to support research into Asian economics and business. This resulted in the creation of the James Riady Chair for Asian Economics and Business.

These donations reflect the practical and much-needed support contributed by loyal alumni.

Outstanding students Our undergraduates won the prestigious Citi International Case Competition in Hong Kong. In terms of international case competitions for undergraduates, the Faculty is presently the top-ranked school.

Outstanding staff Faculty staff once again improved their performance in the 2009 Quality of Teaching survey results with all departments achieving outstanding results.

Individual academic achievements included the appointment of Professor Jeff Borland as the Chair of Australian Studies at Harvard University; and Associate Professor Angela Paladino’s success in winning the 2009 Edward Brown Award and the 2009 Australian Awards for University Teaching.

Research Success in the research arena has continued to grow and the Faculty was awarded eight new Discovery Project Grants, commencing in 2010. This is an application success rate of over 66 per cent and well above the average for both the University and the scheme nationally.

New Global Business Practicum subject Over 140 students completed the Global Business Practicum subject where high performing graduate students are selected to work in teams to undertake a real consulting project for a firm overseas.

In summary, 2009 was both a successful and challenging year.

We learned an enormous amount about ourselves, particularly our strengths and the opportunities that we have to contribute to the economic and social well-being of Australia and the region through our research and teaching.

New Centre The Centre for Accounting and Industry Partnerships was launched as a collaborative venture between the business community and the Department of Accounting and Business Information Systems.

The Centre will focus on research, learning and teaching and knowledge exchange. Practitioners and researchers will work together to advance the accounting discipline.

2010 will be an exciting year for the Faculty as we continue to build our reputation as the leading business and economics school in the region.

I look forward to working with my colleagues and the many friends of the Faculty to achieve our vision in 2010 and beyond.

Professor Margaret Abernethy Dean, Faculty of Business and Economics

Professor Margaret Abernethy shown in front of the “The Spot”

Our research continues to have high impact through publications in leading international journals and through citations of faculty research.

Most measures of impact indicate that Business and Economics at Melbourne is ranked no.1 nationally and at least in the top three in the region.

Academics recognised for their excellence included Professor Tony Scott, from the Melbourne Institute, one of only two economists awarded an ARC Future Fellowship. Professor Scott and Dr Jong-Say Yong were awarded a $750,000 five-year partnership grant by the National Health and Medical Research.

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The Faculty of Business and Economics building shown with the campus of the University of Melbourne to the left

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about The University of Melbourne Established in 1853, the University of Melbourne is a public-spirited institution that makes distinctive contributions to society in research, teaching and knowledge transfer. The University is Australia’s no. 1 research university*, and is ranked at no. 6 in the world for the employability of our graduates**.

The University of Melbourne is a member of the prestigious Group of Eight, comprising the leading comprehensive research-intensive universities in Australia. It is also a member of Universitas 21, an international network of leading research-intensive universities.

Research The University is a globally significant research institution.

It is Australia’s largest university in terms of both research expenditure and income and is the country’s second largest research and development organisation – a position enhanced by its proximity to so many of the nation’s independent medical research institutes in Parkville.

Staff The University of Melbourne has a staff of more than 7000 academic and professional staff. This includes Nobel Laureates, eminent scholars, award-winning researchers and internationally renowned academics.

Students The University community is made up of 36 000 students including more than 10 000 international students from a least 100 different countries.

Location and campuses The main University campus is located at Parkville, adjacent to the Melbourne central business district. It also has a number of other campuses and institutes: the University’s Molecular Science and Biotechnology Institute – Bio 21; the Burnley campus, which teaches environmental and ornamental horticultural programs; the Creswick campus which teaches forestry programs; the

Dookie campus, about 200km north of Melbourne, teaching natural resource management, agriculture, agribusiness, wine technology and viticulture; the Victorian College of the Arts and the Werribee campus and Veterinary Clinical Centre.

Faculties and schools The University comprises 12 faculties and schools from which its teaching and research activities pertain.

These are: Architecture, Building and Planning; Arts; Business and Economics; Education; Engineering; Land and Environment; Law; Medicine, Dentistry and Health Sciences; School of Graduate Research; Science; Veterinary Science and the Victorian College of the Arts (VCA) and Music.

* According to key indicators used by the Australian Government to allocate competitive research funding **The Times Higher World University Rankings, Times Higher Education, UK, 2009

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About the Faculty of business and Economics A world-class business school The Faculty of Business and Economics, which incorporates the Graduate School of Business and Economics (GSBE), is one of the world’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 – which attracts motivated and high achieving students from around Australia and the world – played a key role in the University’s ranking as Australia’s top research university, and its #6 ranking worldwide for the employability of its graduates (The Times Higher World University Ranking, 2009). It provides undergraduate and graduate education to over 10,000 local and international students.

An outstanding educational environment The Faculty is housed in a new five star energy rated building designed

by Architects Metier3. The building was designed as a teaching and research centre to create an outstanding education environment for business and economics learning and innovation.

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Student Experience The new Faculty student centres – one for undergraduate students and one for GSBE students – 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.

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. This area is supported by well-staffed teams, giving both graduate and undergraduate students access to programs and activities which enrich the university experience, support learning, develop skills, facilitate involvement, and help students to realise their potential as a leader and effective global citizen.

The services, facilities and support we provide are essential elements of the student experience at the Commerce Student Centre and the GSBE. Services extend beyond the classroom to enrich learning, maintain well-being and prepare students for success after graduation.

Some of the Student Experience opportunities include: Y Case

study competitions

Y Student

clubs and societies

Y Study

abroad and exchange

Y Work

experience and internships

Y Career

workshops

Y Mentor

programs

Y Social

and cultural events.

The Faculty continued to support student programs such as the Student Ambassador Leadership Program and Students in Free Enterprise (SIFE) in 2009. The SIFE team represented five faculties across the University and were awarded first runner-up after competing in the SIFE Australia National Championships.

Twenty-eight undergraduate students and seven graduate students in the Faculty took part in the Student Ambassador Leadership Program. As part of this program, students chose either a community project, a university service, or to volunteer at least 40 hours in the community with organisations

including Engineers Without Borders, People Outdoors, Vic Aids Council, Scared Heart Primary School, Cystic Fibrosis Victoria and the New Hope Foundation.

The Faculty’s seven undergraduate student societies were again very active, offering opportunities for students to develop personal and professional networks and engage in leadership roles.

Business and Economics Careers Centre At the beginning of 2010, the Graduate Careers Centre changed its name to Business and Economics Careers Centre (BECC) in line with the Faculty’s new name and focus.

As a faculty-based specialist unit, the Careers Centre acts as a conduit for students between the world of studies and the world of work through offering a comprehensive range of career development support services and industry engagement opportunities. It also plays a key role in providing up-to-date careers and employment related information to Faculty members.

During 2009, the Careers Centre registered more than 2000 engagements with close to 500 individual students who benefited from individual, as well as group, activities and services including: Y Fortnightly

eNewsletter

Y Not

for credit career development subject made up of weekly interactive seminars

Y Weekly

drop-in sessions

Y Individual

career strategy consultations

Y CV

reviews

Y Practice

behavioural and group interviews

Y Career

Circle with Ernst and Young, Deloitte, Accenture, etc.

The Careers Centre also coordinates the Career Mentoring Program and Internship Program. Read more about these programs in Engagement with our students on page 41.

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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 in Departments to develop and programs such as: Y Teaching Mentor Scheme,

a recent initiative that is a focused and supportive program for lecturers in the Faculty.

Y Teaching Enhancement

Program which provides academic orientation to lecturers new to the Faculty. The program was established to support new lecturers in the scholarship of teaching and learning within the Faculty.

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Y Tutor Training Program,

a thorough program for all new tutors.

Y Subject Design and Curriculum

Renewal Program, a program which 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 students’ learning and skills development: Y T2C, a lecture and workshop

series for all first year Commerce students.

Y Peer Mentoring

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

Y Peer-Assisted Study Scheme

(PASS), small subject-specific study and revision groups facilitated by a trained senior student leader.

Y 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.

Y Graduate Enrichment Program,

a semester-long program that can be taken concurrently with graduate degree studies, in which graduate students build and practice academic skills such as effective reading strategies and presenting academic ideas with confidence.

The Graduate School of Business and Economics The Faculty’s graduate programs are offered through the Graduate School of Business and Economics (previously known as the Melbourne GSM). The School 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 (see page 26 for a list of all programs offered).

Specialist degrees span the disciplines of Accounting, Actuarial Studies, Business and IT, Economics, Finance, Human Resource Management, International Business, Management and Marketing.

With its team of 22 professional staff, the GSBE is able to provide very high standards of service and support for students – including comprehensive orientation for new students, a busy

roster of social events, 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.

The classroom experience is complemented by a host of activities delivered by the Student Centre,

the Student Experience team, student groups within the Faculty, and the Business and Economics Careers Centre. The Business and Economics Careers Centre 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. www.gsbe.unimelb.edu.au

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Departments IN THE FACULTY Department of Accounting and Business Information Systems Overview The Department of Accounting and Business Information Systems is one of the largest and oldest accounting departments in Australia. It attracts the highest calibre of academic staff, positioning itself as a leader in research, teaching and learning.

of the most active and respected in the region. Many of the Department’s 40 academic staff currently hold ARC grants and serve on the editorial boards of a number of leading international academic journals.

Programs are dynamic and evolving to meet the changing requirements of the business world. 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 to students.

Achievements in 2009 A major achievement in 2009 was the establishment of the Department’s first research centre, the Centre for Accounting and Industry Partnerships. Two of the key initiatives of the centre are the: Y appointment of four Executives in residence who will share their “real-world” business expertise with our students, staff, and other stakeholders. Amongst other activities they will participate in lectures and seminars and host informal lunches for groups of students and/or academic staff with common interests and Y establishment of the Australian Accounting Hall of Fame which will honour and celebrate distinguished accounting practitioners and academics who have made a significant contribution to accounting in Australia.

The Department has a strong research profile. Its PhD program, comprising one year of coursework and a two-year full-time thesis, is one

A significant milestone was also reached in 2009 with the conduct of the 70th University of Melbourne/ CPA Australia Annual Research

Part of the Department’s success has been its ability to respond to the demand of industry by producing high quality graduates, conducting leading edge research, and providing customised non-credit programs.

Many of our graduates have gone on to become leaders in industry, government and the profession.

The Department is building on its position as one of the leading accounting departments in Australia by focusing on its core strengths in accounting, business analysis and accounting information systems.

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Lecture, the longest running research lecture series at the University.

Professor Mary Barth, Stanford Graduate School of Business and Board Member of the International Accounting Standards Board (IASB) 2001-2009, presented “Accounting Research and Global Financial Reporting”. The event was celebrated with the presentation to CPA Australia of a framed memento of the first, delivered by Sir Alex Fitzgerald in 1940 and the 70th lectures.

Outlook for 2010 The appointment of three new Professorial Fellows who will provide significant research leadership and the commencement of the Executive in Residence program have created an atmosphere of enthusiasm amongst academic staff.

The Department of Accounting and Business Information Systems is facing significant competition from competing accounting programs at other Australian universities and alternative pathway programs to professional recognition available through the accounting bodies.

As a result the department expects the number of students enrolling in accounting programs to be in ‘steady state’ for 2010.

Department of Economics Overview The Department of Economics is one of the leading Economics departments in Australia. It is a large department with 53 teaching and research staff and 16 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 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 and econometrics. 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, and economic history.

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 2009 Research continues to be a major achievement with the Department of Economics achieving its aim of regularly publishing in the world’s top journal – 70% 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 – these grants are for funding commencing in 2010. This was a 90% success rate, well above the national average success rate.

A highlight in 2009 was the release of the much anticipated book “Balanced Growth – A History of the Department of Economics, University of Melbourne”. This book provides a history of the activities of the Department since its inception

– its staff and students, curriculum, contributions to economic theory and policy, governance and funding.

The book was edited by Professor Ross Williams and the contributing authors, all leaders in the profession, had/have formal connections to the department: Professor Jeff Borland, Professor Robert Dixon, Professor Peter Drake, Professor John Freebairn, Marjorie Harper, Professor Joe Isaac, Professor Peter Lloyd, A/Professor Neville Norman and Professor Ross Williams.

Outlook 2010 Major international conferences will be a feature in 2010. Already the Department has hosted the 2010 Asia-Pacific Economic Science Association (ESA) Conference. The Australasian Economic Theory Workshop was held prior to the ESA conference enabling many international delegates to attend both events. In June, we host, in conjunction with the Department of Finance, the prestigious Third Annual Society for Financial Econometrics conference.

A comprehensive review of the graduate programs is being undertaken with the view to developing a Research Higher Degree Program comparable to programs being offered by top Universities in the world. The new RHD program will be ready to accept students in 2011.

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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.

The Department has grown substantially since its inception, from just over 700 full-time students in 2002 to over 1,000 in 2009.

Staffing levels have also expanded from 15 academics in 2002 to 28 academics in 2009. This combined growth only just keeps studentto-staff ratios within reasonable limits with annual enrolments in our undergraduate subjects exceeding 1,400 in Business Finance to 104 in Real Estate Finance, our ‘smallest’ undergraduate subject. The finance discipline 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 academically focused Master of Commerce in Finance and PhD in Finance with coursework. A new addition to this is the non-cognate pre-experience Master of Management (Finance) – with a more than promising student intake in 2009 underlining the ever increasing interest in solid finance education.

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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 microstructure, 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.

Engagement with industry The third strand of departmental activities involves the interaction between academic staff and the finance profession. Staff 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 Melbourne Centre for Financial Studies (MCFS), established in 2005 with the University of Melbourne as a founding member. The MCFS mission is to enhance Melbourne’s reputation as an international centre of financial practice, research and education. Since its inception, the

MCFS 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 and the annual Finance Down Under Conference, featuring leading (inter) national academics presenting their latest research. Many of those academics subsequently spend some time visiting the Department, collaborating with our colleagues on exciting research projects and presenting short Master Classes to the Department’s research students.

Outlook 2010 2010 will see the appointment of a new Head of Department in Finance. Professor Paul Kofman has guided the department from strength to strength for nearly five years and will continue to serve the department in a less direct way as Deputy Dean in the Business and Economics Faculty from July, 2010.

Professor Kofman’s successor, Professor Bruce Grundy, will bring leadership experience to the headship gained from his own tenure as Deputy Dean in 2006-07. We wish Paul and Bruce every success in their new positions.

Department of Management and Marketing Overview The Department of Management and Marketing provides an integrated approach to education at the undergraduate and postgraduate levels. This integrated approach will equip students to meet the managerial and marketing challenges that must be faced in a dynamic and globalised business environment.

At the undergraduate level, the Department teaches into the Bachelor of Commerce and hosts a fourth year Honours program from which students can graduate with a major in Management and/or a major in Marketing. The Department also has responsibility for managing or teaching into a number of professional and practitioner Masters-level degrees.

Achievements in 2009 The Department has over 950 undergraduate and 360 postgraduate students. In 2009 there were 13 honours students and 55 PhD students undertaking research on topics that draw on the diverse theoretical and methodological strengths of the Department. In 2009 the Department had 29 full-time academic staff.

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

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.

Research The Department is committed to maintaining its strong international research reputation and currently supports four research centres: Y the

Melbourne Centre for International Business

Y the

Foundation for Sustainable Economic Development

Y the

Centre for Human Resource Management

Outlook 2010 In the context of favourable outcomes from recent reviews of its key professional graduate programs – the Master of Human Resource Management and the Master of International Business, and the Faculty’s recent focus on the development of a world class business school – the Department of Management and Marketing is undertaking a comprehensive review of its undergraduate and postgraduate offerings. The review will ensure pedagogy and appeal are maximized and enhance the quality and relevance of its teaching to discerning students. Clearer pathways through streams of study will lead to students gaining greater satisfaction as anticipated outcomes are realized. 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.

Y the

International Centre for Research in Organisational Discourse, Strategy and Change.

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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 2009, 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: Y applied Y labour

macroeconomics

economics and social

policy

Y industrial Y health

economics

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 2009 A noteworthy feature of the Melbourne Institute’s activity profile during 2009 was the high level of conference activity. In addition to regular forums held each quarter, four major conferences were organised by the Institute during 2009, each of which involved a significant collaboration with an external partner.

Most notable here was the 6th Economic and Social Outlook Conference, organised in collaboration with The Australian

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newspaper and held in November, which again attracted a stellar line-up of speakers including key Government and Opposition politicians (eg Julia Gillard, Wayne Swan, Lindsay Tanner, Malcolm Turnbull, Tony Abbott, Joe Hockey and John Brumby), the Reserve Bank Governor, many leading academics and representatives from key industry and community organisations.

Academic excellence continues to be demonstrated in the Institute, as reflected in:

Two of the most strategically important contracts to the Melbourne Institute were renewed in 2009. First, the Social Policy Research Services contract with the Department of Education, Employment and Workplace Relations was renewed for a further three years. This contract, which commenced in 2000, currently provides about $700,000 per annum to support policy-relevant research in the broad area of employment and employment-related services.

Y major

The Faculty has also provided substantial additional funding to help support the time needed to convert output from this contract into a form more suitable for academic audiences.

Y high

Second, our contract with Westpac, which involves the provision of a suite of macroeconomic indicators based on our quarterly household telephone survey, was also extended for a further three years (commencing January 2010).

grant successes, especially the awarding of a Future Fellowship by the Australian Research Council to Professor Tony Scott (one of only three awarded in the Economics and Business fields). profile appointments, and particularly those of Ross Garnaut, a Vice-Chancellors Fellow, and Deborah CobbClark, who will take up the role of Director starting in late April 2010.

Y a

rising proportion of papers published by staff in A* and A ranked journals.

Research The core of the Institute’s business, however, has always been, and remains, the contract research activity that is underpinned by long-term partnerships with government and industry.

Outlook 2010 The biggest development for the Melbourne Institute in 2010 will be the commencement of Professor Deborah Cobb-Clark as the next Director. Deborah has indicated that her immediate priorities will be: (i) developing and implementing a new strategic plan and (ii) stewarding a planned expansion into the economics of education field.

Centres in the Faculty The Centre for Accounting and Industry Partnerships The Centre for Accounting and Industry Partnerships forms an important part of the Department of Accounting & Business Information.

The centre was established late in 2008 to facilitate the formalising of lasting high-level accounting industry linkages and showcase the knowledge transfer activities and research and teaching outcomes that result from these linkages.

The Centre encourages practitioners and researchers to work together to advance the accounting discipline and has set as its key goals to: Y Develop

lasting relationships which: – advance research – assure learning and teaching is aligned with contemporary and commercial requirements – create mutual benefit Y Identify

and explore contemporary issues, discovering new accounting knowledge that puts our partners at the forefront of industry

Y Involve

our partners to strengthen curriculum with industry-targeted teaching and learning

Y Practice

and promote ‘the two-way flow and uptake of ideas between the University of Melbourne and the community’.

The Centre is committed to building partnerships and enhancing collaboration between the University and the business sector, leveraging the skills, knowledge and resources to promote accounting-based studies and research in the international community.

The Centre acts as a facilitator and interpreter to enable our partners to draw on the full breadth and depth of knowledge and expertise of the Department’s researchers.

These pre-eminent professionals are in touch with the latest developments in policy and business practice as well as the most advanced analytical tools of their disciplines.

In 2010 the centre will begin an Executive-in-Residence program with four high-calibre business leaders lined up to share their “real-world” business expertise with our students, staff, and other stakeholders.

The Centre’s Directors are Professor Colin Ferguson and Professorial Fellow Stewart Leech.

The Asian Economics Centre The Asian Economics Centre is housed in the Department of Economics.

The Centre brings together academic staff with research interests in economic issues facing the countries of the Asia-Pacific region and broader issues of global economic development. Its activities include research, conferences and teaching related to Asia and the Pacific. The Centre also strongly contributes to the University’s goal of knowledge transfer with members often asked to provide advice and undertake research consultancies for international organisations.

Faculty members affiliated with the Centre have researched, taught and published widely on development issues. Their research interests cover a variety of fields including development economics, trade and international economics, political economy, and experimental economics.

All members have an interest in Asia but many also work on other geographic regions. Countries and regions of particular interest to current members are: Indonesia, India, China, and, outside Asia, Latin America.

The Asian Economics Centre’s objectives are to: Y promote

research of the highest standard in the Asia-Pacific region

Y to

facilitate both national and international affiliations and research linkages in the fields of development economics and international economics

Y to

attract and facilitate the training of research students and the exchange of doctoral and postdoctoral students

Y to

be a focus for external research funding for Asia-related projects

Y to

run conferences and workshops in fields of interest to members and of relevance to research on Asia.

In short, the Asian Economics Centre aims to be Australia’s leading centre of Asia-related economic research.

The Centre’s Director is Associate Professor Lisa Cameron.

2009 news and events Susan Olivia joined the Department of Economics and the Asian Economics Centre as a postdoctoral fellow. Susan is a recent graduate from the University of California at Davis and has expertise in Geographic Information Systems.

Mabel Andalon joined the Department of Economics and the Asian Economics Centre in September as a post-doctoral fellow.

She is currently finishing her PhD at Cornell University and works on health and labour economics in developing countries.

Qu Jing is visiting the Asian Economics Centre for 12 months from November 2009 as a Visiting PhD Student from Zhejiang University, China. His dissertation is on rural inequality in China.

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The Centre for Actuarial Studies

The Centre for Human Resource Management

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. The Centre teaches into the undergraduate and honours programs and also offers PhD supervision and distance education.

The Centre for Human Resource Management is comprised of Department of Management and Marketing researchers with interests in Human Resource Management and Industrial Relations.

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/Faculty of Actuaries (UK).

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 within Australia.

These links are highlighted by the presence of high profile actuaries on the Centre’s Advisory Board and the University of Melbourne Actuarial Foundation.

The Centre’s Director is Professor Daniel Dufresne.

16 Annual Report 2009 Outlook 2010

The Centre’s members bring a broad range of disciplinary perspectives (from Industrial Relations, Psychology, Economics and Sociology) and methodological expertise (both quantitative and qualitative) to bear upon important contemporary industrial relations and human resource challenges.

Established in 1999, and located within the Department of Management and Marketing at the University of Melbourne, the Centre for Human Resource Management operates as a bridge between the academic and business communities. Its aim is to facilitate research on employment issues and disseminate research findings to impact practice and policy. The key research focus is on human resource management (HRM) and employment relations in the AsiaPacific region, North America and Europe.

In line with its international outlook, the Centre encourages collaborative research projects with leading overseas universities and arranges research links with international scholars in the fields of HRM and employment relations. A list of recent visitors to the Centre can be found at: www.chrm.unimelb.edu.au/ who/visitors.html. The Centre also works with Australian businesses and government institutions on both collaborative and consultative projects and facilitates research opportunities with the professions, employers, trade unions and governments (including 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. Details on the output of these research themes can be found at: www.chrm.unimelb.edu. au/research/default.html#jidw The Centre organises seminars, a lecture series and Business Forum events designed to promote research on HRM topics and to develop the careers and skills of HRM researchers.

The Director of the Centre is Associate Professor Michelle Brown.

Achievements in 2009 On 21 October 2009 the Centre presented the 24th Annual Foenander Lecture. The lecture was given by Professor Barbara Pocock, the Director of the Centre for Work and Life at the University of South Australia, and recipient of the 2003 Queen Elizabeth 11 Fellowship. She spoke on the meaning of work and how it varies between jobs and by socio-economic status and how it can add to, or detract from, the meaning of people’s lives.

Outlook 2010 From 2010, the CHRM will jointly (in conjunction with the Faculty of Business at Monash University) sponsor the Isaac Industrial Relations Symposium. This will provide an opportunity for academics and practitioners to debate the key human resource management and industrial relations issues in contemporary society.

The Centre for Macroeconomics

The Centre for Microeconometrics

Y the

Located within the Department of Economics, the Centre for Macroeconomics is a focal point for research and learning in macroeconomics.

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

Y regular

Its members, staff and PhD students – drawn from the Department and the Melbourne Institute (MIAESR) – are concerned with the development of macroeconomic theory, macroeconometrics and macroeconomic policy.

The objective of the Centre is to foster and promote high quality research, research training and teaching in macroeconomics by providing a focus for: Y the

development of research grant proposals for funding from ARC and other external sources

Y collaboration

in joint research projects, with particular recognition of the advantages of joint research involving applications and the development or refinement of methodology

Y the

involvement of national and international visitors

Y regular

workshops to discuss work in progress

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: Y the

development of research grant proposals for funding from ARC and other external sources

Y collaboration

in joint research projects, with particular recognition of the advantages from joint research involving applications, and the development or refinement of methodology

involvement of national and international visitors workshops to discuss work in progress

Y conferences

involving other researchers from within and outside Australia including groups from industry and government departments

Y attracting,

encouraging and involving PhD students working on microeconometric problems

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

The Director of the Centre in 2009 was Professor Bill Griffiths. In 2010 the Centre is changing its name to the Microeconometrics Research Unit with a new Director, Professor Michael Shields.

Y conferences

involving other researchers from within and outside Australia, including groups from industry and government departments

Y attracting,

encouraging and involving PhD students working on macroeconomics

Y running

short courses in macroeconomics.

The Centre welcomes collaborative arrangements with other institutions to develop funding opportunities for research and scholarly exchange in the area of macroeconomics.

The Director of the Centre is Professor Ian King

Annual Report 2009 Outlook 2010 17

Economic Design Network

The Economic Theory Centre

The Economic Design Network is a partnership of more than 200 researchers and over 40 Australian and international universities and research centres. The Network supports cross disciplinary research and policy innovation using stateof-the-art techniques in economic theory and experimental economics.

It creates practical tools that can be used to solve complex social and economic problems in industry economics, health economics and environmental policy.

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.

By linking Australian mid and early career researchers into multidisciplinary teams based around the world’s top experimental economics laboratories, it creates world class economic design capacity in Australia.

The Economic Design Network is funded by a five year ARC grant with additional funds contribution by some participating institutions.

The main functions are to: Y coordinate

and facilitate research and the application of research in economic design by members and participating institutions

Y maintain

a website and network bulletin board

Y support

regular and occasional conferences

Y run

an annual summer/winter school

Y support

a network visitor program

Y provide

professional training and support to policy makers

Y facilitate

the development and application of experimental economics.

The convenor of the Economic Design Network is Professor Peter Bardsley and the Network Manager is Kathryn Perez.

18 Annual Report 2009 Outlook 2010

The objectives of the Centre are to: Y promote

research of the highest standard in all areas of economic theory

Y be

a focus within Australia for research in economic theory

Y facilitate

both national and international affiliations and research linkages

Y facilitate

the training of research students, and the exchange of doctoral and postdoctoral students

Y be

a focus for external research funding

Y run

conferences, workshops and advanced short courses for research students

Y publish

occasional monographs and proceedings.

The Director of the Centre is Professor Joshua Gans.

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

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

A significant project has been 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”. Its newly funded ARC discovery project is researching how and why directors of firms take certain types of corporate risk.

Dr Suzy Goldsmith, Senior Fellow in the FSED, is leading 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.

A new project in 2010 involves the analysis of attitudes and behaviours of staff towards sustainability practices, involving survey data of 11,000 people.

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 to increase the understanding, creation, use and exploitation of intellectual property

by Australian organisations and individuals.

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 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.

IPRIA’s objectives are to: Y support

and generate development of high-level public policy in relation to intellectual property issues

Y optimise

the protection, management and exploitation of intellectual property by all Australian stakeholders, including research institutions, public and private sector interests

Y 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.

Associate Professor Elizabeth 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 the IP professions, industry, the wider University and government.

IPRIA focuses on research and outreach activities and staff produce about 40 papers and report each year.

ICRODSC’s objectives are to:

Achievements in 2009 In 2009, IPRIA hosted over 40 seminars, conferences, workshops and policy across Australia.

IPRIA has active partnerships with interstate and international universities and national industry associations. www.ipria.org

Y encourage

The International Centre for Research in Organisational Discourse, Strategy and Change 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 following institutions: the University of Melbourne; the University of Sydney; Cardiff University; Lund University; McGill University; Queen Mary at the University of London; Texas A&M University; the University of California; the University of Cambridge; the University of Colorado and the University of Leicester.

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

Y establish

a leading group of worldclass scholars in order to facilitate research on organisational discourse, strategy and change collaborative research projects among leading universities in the field

Y disseminate

research findings on discourse analysis and its applications

Y facilitate

research and teaching interchanges among scholars who work in this area

Y increase

opportunities for researchers interested in discourse analysis to interact

Y facilitate

collaborative links regarding research and postgraduate training in the field of organisational discourse.

The Director of the Centre is Professor Cynthia Hardy.

Achievements in 2009 In June 2009, ICRODSC held an international workshop on Discourse and Practice. It was attended by over 30 members from the Universities of Melbourne and Sydney and included the following international visitors: Stanley Deetz, Professor of Communication and Director of Peace and Conflict Studies at the University of Colorado at Boulder, USA; Paula Jarzabkowski, Professor of Strategic Management at Aston Business School, Birmingham UK; and Primo Garcia, a former PhD student at the University of Melbourne and currently Assistant Professor at the University of the Philippines, Open University.

In March 2009, a research workshop offered the opportunity to welcome two new PhD students to ICRODSC – Nadeem Dogar and Raida Abu Bakar. Two other doctoral students – Dinuka Wijentunga and Shelley Domberger – made presentations on their research.

Annual Report 2009 Outlook 2010 19

Also in 2009, ICRODSC was reviewed by a panel led by Professor Anne Lillis (Department of Accounting and Business Information Systems) and including international researchers – Professor Joanne Martin (University of Stanford) and Professor Jim Barker (University of Waikato, New Zealand). The review panel applauded ICRODSC’s achievements and noted that the Centre “is highly effective at leveraging its collaborative and research generating capabilities.

The Centre’s establishment as a virtual centre makes it unique and cutting edge in its field and the Centre’s staff are effectively building on this capability in a way that strongly contributes to the reputation and research profile of the Faculty and University”.

Based on this strong assessment, ICRODSC members are developing new strategic initiatives for the future development of the Centre at Melbourne.

Melbourne Centre for Financial Studies The Melbourne Centre for Financial Studies (MCFS) is a partnership between public and private sectors, and industry and academe. The mission is to: “build linkages between academics, practitioners and government to enhance finance research, practice and education and the reputation of Melbourne’s financial institutions and universities and of Melbourne as a financial centre.”

MCFS was launched in 2005 with seed funding from the Victorian Government.

Members of the consortium are Melbourne, Monash and RMIT Universities and the financial services professional body, Finsia. Across the University consortium partners, the Centre has access to over 100 finance academics and over 200 postgraduate students engaged in finance research.

Since its inception MCFS has: Y allocated

over $1.4million in research grants and as commissioned research

Y established

an annual cycle of academic-practitioner events

Achievements in 2009 In 2009, MCFS developed, organised and hosted over 20 events while simultaneously promoting consortium university events. Many of these events attracted over 250 attendees across the industry.

Specific highlights in 2009 included: Y MCFS-Finsia

Executive Luncheon: Voodoo Banking – the Outlook for Banks with Satyajit Das

Y AIST-MCFS

Superannuation Fund Governance Conference: Superannuation Board Governance – Search for a Super Model

Y completion

of commissioned research for AC SI: Public companies being taken private – A research report into private equity

Y 14th

Melbourne Money and Finance Conference: Financial Globalisation: Implications for Australian Financial Institutions and Markets

Y contributed

Y launch

Y established

Y MCFS-Finsia

Y had

Y 14th

Y provided

Y launch

to high profile academic journal publications links between academics, government and business to provide introductions, interaction and ideas strong support from the Victorian Government and consortium partners media comment and thought leadership

Y contributed

to the awareness of Melbourne as a centre for finance research.

The people behind MCFS include Professor Deborah Ralston (Director), Professor Kevin Davis (Research Director), Frieda McLoughlin (Senior Manager Marketing, Events

20 Annual Report 2009 Outlook 2010

and Sponsorship), David Michell (Business Development Manager), John Fowler (Research Fellow), Ewa Krawiec (Research Assistant/ Administrative Officer), and Joyce Teo (Executive Assistant).

of the 2010 Melbourne Financial Services Symposium Consumer Finance, Investment & Regulatory Symposium and Research Workshop MCFS-Finsia Banking and Finance Conference: Reassessing the Role of Financial Services of Melbourne Mercer Global Pension Index in Australia and 10 other countries around the World

Y facilitated

Welcome to the Rotman International Centre for Pension Management Conference in conjunction with the Victorian Treasurer and Minister for Financial Services and Information

and Communication Technology, the Hon Mr John Lenders MP Y completion

of Stage 1 of the MCFS / ANZ Trustees Share Price Database for the period 1966 to 1980.

Focus for Research The pivotal role of MCFS is its research activities. There are a number of different ways by which the Centre delivers a critical mass of relevant and rigorous industry relevant research: Y MCFS

research grants

Y academic

papers for conferences and publication

Y research

reference groups and

Y in-house

contracted research and consulting.

MCFS research grants have been the major mechanism to encourage and support the research activities of staff across the consortium universities. To date, over $1 million has been distributed in these grants which have resulted in many quality publications.

In 2009, MCFS concentrated its research agenda on the three industry sectors of funds management, banking, and insurance. Research reference groups were developed in those three areas, comprising key individuals from industry, regulatory agencies and academia. These groups provide a strong link to each of the consortium universities, their staff and students to encourage research in industry relevant areas.

The Melbourne Centre for International Business The Centre began in 1998 as the Australian Centre for International Business, a collaborative venture between the University of Melbourne and the University of New South Wales. During the Centre’s early years, a number of business reports and a major project on diversity in the workplace were produced.

From 2003 the management of the Centre reverted to the University of Melbourne and in 2007 the name was changed to the Melbourne Centre of International Business.

The MCIB continues to conduct ground-breaking research in international business to educate future leaders in international business and to consult with business and government on matters of policy. The Centre is eclectic in its interdisciplinary areas but has particular expertise in international business strategy and management, international/cross-cultural human resource management, international business ethics, and business and economic history.

Achievements 2009 In September 2009, the Centre ran a successful two-day workshop on multinationals from emerging markets. The key note speakers were Professors John Mathews and Anoop Madhock. The papers can be found on the Centre’s website.

MCIB is represented at the Academy of International Business (AIB)/ ANZIBA, PACIBER and AUSPECC. It also hosts the editorship of the Southeast Asia Publications Series of the Asian Studies Association of Australia (Howard Dick).

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

Members of the Melbourne Centre for International Business have also published over 20 books and 200 research papers, conference proceedings, chapters in books and consulting reports spanning all fields of international business research.

MCFS has strengthened its capacity in contracted research and consulting as the centre moves into a new business model. This has resulted in a number of projects strategically aligned with the direction of MCFS, including the Melbourne Mercer Global Pension Index and the MCFS/ANZ Trustees Share Price Database.

Annual Report 2009 Outlook 2010 21

2009 News and highlights Staff distinctions and awards Accounting and Business Information Systems Professor Margaret Abernethy was appointed Associate Editor of Contemporary Accounting Research.

Professor John Lyon’s well-known paper “Detecting long-run abnormal stock returns: The empirical power and specification of test statistics”, was selected as a JFE AllStar Paper.

This award is based on recurrent citations over several years.

Professor Stewart Leech was recently granted life membership of the American Accounting Association (AAA) “in recognition of decades of dedicated service”.

Professor Anne Lillis appointed Associate Editor for the Journal of Management Accounting Research and appointed to the Editorial Board of Contemporary Accounting Research.

Associate Professor Michael Davern and Dr Jagjit Kaur, Lecturer, were awarded a Teaching & Learning Performance Fund for their part in a Faculty wide project entitled “Development of an Innovative Technology-Based Integrative Subject to Enhance the Critical Thinking of Students in the Faculty of Economics & Commerce”.

Associate Professor Michael Davern was awarded a Dreamlarge Knowledge Transfer Excellence Award.

Teaching Fellow Warren McKeown and Associate Professor Brad Potter were awarded a Teaching & Learning Performance Fund for their project entitled “Applications of Wiki Software to Enhance Student Interactivity and Engagement”.

22 Annual Report 2009 Outlook 2010

Dr Alison Parkes, Senior Lecturer, was awarded a Teaching & Learning Performance Fund for her project entitled “Walking the Walk: Enhancing Student Learning Using Audiovisual Depiction of Business Processes’

Dr Chris Edmond was awarded the Excellence in Refereeing, from the American Economic Association, in 2009 and was also awarded the Best Discussant Award from the 14th Australasian Macroeconomics Workshop in 2009.

Senior Teaching Fellow Albie Brooks and Ms Gillian Vesty, Lecturer, were awarded a Teaching & Learning Performance Fund for their project entitled “Practical Applications of Managerial Control Systems Through Case Analysis”

Dr Roland Hodler was awarded the Dean’s Award for Teaching Excellence for 2008 in 2009.

Economics and Actuarial Studies

Dr David Pitt was awarded the Australian Learning and Teaching Council’s citation for ongoing and sustained commitment to providing actuarial students with a learning environment that nurtures, motivates and develops graduates with outstanding analytic and business skills.

Professor Jeff Borland was appointed to the Chair of Australian Studies at Harvard to commence in

mid 2010.

Professor David Dickson has been appointed as an editor of the ASTIN Bulletin, which is the journal of the International Actuarial Association. The ASTIN Bulletin is widely regarded as the leading international journal in the field. David has served on the ASTIN Bulletin’s editorial board since 2003.

Professorial Fellow in the Faculty of Business and Economics and Vice-Chancellor’s Fellow, author of the 2009 Climate Change Review, Professor Ross Garnaut, has been made a Distinguished Fellow by the Economics Society of Australia.

Dr Ping Chen was awarded the Best Demonstrator Award from the Department of Statistics and Actuarial Science, The University of Hong Kong in 2009.

Dr Simon Loertscher was awarded the Tullock Prize for Best Theoretical Paper from the Australasian Public Choice Conference in 2009.

Professor Jeff Borland, Professor Lisa Cameron, Dr Michael Coelli, Dr Catherine de Fontenay, Associate Professor Chris Edmond, Associate Professor David Harris, Ian Paul King, Associate Professor Shuanming Li, Reader and Associate Professor Jenny Lye, Professor Vance Martin, Professor Ian McDonald, Dr Nikos Nikiforakis, Associate Professor Neville Robert Norman, Professor Nilss Olekalns, Dr David Pitt and Dr Lawrence Uren were all awarded The Dean’s Certificate in Teaching Excellence in 2009.

Finance Professorial Fellow Stephen Brown received the top Graham and Dodd Award for 2009 as voted by the Advisory Council and Editorial Board of the Financial Analysts Journal for his paper “Estimating Operational Risk for Hedge Funds: The w-Score” coauthored by William Goetzmann, Christopher Schwarz, Stephen Brown and Bing Liang.

Associate Professor Greg Schwann who was invited to join the Editorial Board of Real Estate Economics, journal of the American Real Estate and Urban Economics Association (AREUEA).

Associate Professor Asjeet Lamba was invited to join a select panel of authors drawn from academia and industry writing and reviewing readings for the Chartered Financial Analyst (CFA) Program, with a membership of over 95,000 and 135 societies worldwide.

Senior Lecturer Dr Les Coleman’s book: Risk Strategies – Dialling Up Optimum Firm Risk was published

by Gower Publishing.

Dr Sean Pinder, Senior Lecturer, received a Citation for Outstanding Contributions to Student Learning from the Australian Learning and Teaching Council.

Dr Patrick Verwijmeren, Lecturer, received the annual ERIM (Erasmus Institute of Management) Dissertation Award for his dissertation entitled: Empirical Essays on Debt, Equity, and Convertible Securities.

Management and Marketing Professor Emeritus Joe Isaac AO was presented with the Industrial Relations Society of Australia Lifetime Achievement Award for outstanding contributions in the field of industrial relations.

Professor Bill Harley was appointed Associate Editor of the Journal of Management Studies.

Bill will be joining an international editorial team based in the US, the UK, Europe and Singapore.

Associate Professor Angela Paladino was honoured with several awards in 2009 including an Australian Learning and Teaching Council (ALTC) award for Teaching Excellence, a Universitas21 Fellowship, the Edward Brown Award (University of Melbourne Award for Teaching Excellence) and the Dean’s Certificate for Excellence in Teaching.

Associate Professor Christina Cregan was awarded the Faculty of Business and Economics Prize for Exceptional Distinction in Research and Research Training (Level E). Associate Professor Cregan was also awarded the Dean’s Certificate for Research Excellence.

Associate Professor Leisa Sargent was Highly Commended for the 2009 Pearson ANZAM Management Educator of the Year award.

Associate Professor Michelle Brown, with her colleagues Maria Kraimer and Virginia Bratton, won the Best Paper in the Human Resource Management Stream at the 2009 ANZAM conference. The winning paper is titled “Performance Appraisal Cynicism: Causes and Consequences”.

Dr Tine Koehler, Lecturer in International Business, was awarded the Edwin A. Fleishman Outstanding Dissertation Award. The award is given annually by George Mason University.

Service-Dominant Logic: Developing and Validating a Service-Dominant Orientation Measure”.

Ms Valerie Cotronei-Baird was awarded the Dean’s Certificate for Excellence in Tutoring.

Professional Staff Distinctions and Awards Ms Mia Elliott and Ms Jenny Pesina were both recipients of Graduate School professional staff scholarships. The scholarships provide support for staff to undertake a significant management project.

The Business and Economics Careers Centre team’s presentation at the 2009 Career Development Association of Australia (CDAA) conference, titled ‘Access > Engage >Connect – smart strategies to position graduates for global careers’ led

by Ms Agnes Banyasz and copresented by Ms Mia Elliott and Ms Sarah Martini was rated equal highest overall of the 35 non-keynote conference presentations.

PhD candidate Ingo Karpen, Senior Lecturer Liliana Bove and Professor Bryan Lukas were awarded best paper for the Strategic Marketing Track at the Australian and New Zealand Marketing Academy Conference (ANZMAC), for their paper “Empirically Investigating Annual Report 2009 Outlook 2010 23

Public Lectures in 2009 Professor Ian King delivered his inaugural public lecture entitled ‘Search for a Theory of Unemployment’ on June 2.

On July 20 the Max Corden lecture was presented by Professor Doug Irwin (Dartmouth College) on the topic ‘The Current Financial Crisis vs. the Great Depression: Lessons for Avoiding 1930s Style Protectionism’.

Sir Howard Davies, Director of the London School of Economics, delivered the 2009 Finch Lecture on August 13. Sir Davies spoke on the topic: ‘Pricking bubbles in the wind: could central banks have done more to head off the financial crisis?’

Professor Simon Bell delivered his inaugural public lecture on August 18 entitled ‘Organising for Co-creation: The Service Employee-Customer Nexus as a Source of Competitive Advantage’.

24 Annual Report 2009 Outlook 2010

On September 1 Professor Greg Clinch delivered his inaugural public lecture on the topic ‘Adopting International Financial Reporting Standards: Possible Effects and an Opportunity for Research’.

Professor Ross Garnaut delivered the 2009 Department of EconomicsMelbourne Institute Public Policy Lecture entitled ‘Ideas, the national interest and private interests in public policy: the case of climate change’ on September 8.

Professor Bill Harley delivered his inaugural public lecture on October 6 entitled ‘The Strange Case of the Missing Worker: Human Resource Management, Employees, and Organisational Performance’.

Presented by the Centre for Human Resource Management, the annual Foenander Lecture was held on October 21. Professor Barbara Pocock of the Centre for Work + Life at the University of South Australia presented ‘Meaningful work in the 21st century: What makes good jobs good, and what gives them their occasional dark sides?’.

On October 22, Professor Stephen Jenkins of the Institute for Social and Economic Research at the University of Essex delivered the 2009 Downing Lecture entitled ‘Spaghetti unravelled: how income varies with age’.

The Faculty gathers its public lectures in the journal Insights, a collection of condensed and edited public lectures presented in a language and format accessible to the wider public.

Academic programs Undergraduate programs In 2009, the following undergraduate courses were offered by the Faculty of Business and Economics:

of Accounting, Actuarial Studies, Business, Economics, Finance, Management and Marketing.

Y Bachelor

Breadth is a result of taking subjects outside the core program of commerce, making up between a quarter and a third of the degree.

Breadth studies enable students to tap other bodies of knowledge, methods of enquiry, personal and professional skills, and ways of learning. It is clear that, regardless of the choices students make in their breadth studies, these additional studies will help our students develop into graduates with multi-faceted world views and the ability to adapt in an everchanging global environment.

of Commerce

Y Bachelor

of Commerce (Management)

Y Bachelor

of Commerce (Honours)

The Bachelor of Commerce (BCom) and Bachelor of Commerce (Management) are three year, full-time programs. The Bachelor of Commerce (Management) is available to students who commenced their degree between 1998 and 2008.

The honours degree requires a further one year of full-time study.

The bachelor degree aims at developing powers of critical analysis that can be applied in many fields and provides professional training for a wide variety of professions.

The honours program allows students to undertake specialised study and research in an area of interest and takes their analytical and research skills to a higher level.

As part of the Melbourne Model, the New Generation BCom degree entered its second year. The core program comprises five compulsory subjects and students then choose a major from one or more

Demand for the BCom in 2010 remained strong and attracted the very brightest of students. In 2010, the Clearly-In Rank for a Commonwealth supported place in the BCom was 94.80 representing the top 5% of students in the state with comparable levels for interstate and international students. This continued high entrance criteria demonstrated the positive market response to the Melbourne Model and the New Generation BCom. The total number of students enrolled in the BCom in 2009,

either as a single degree or as a combined degree, was 6,352.

Faculty engagement in 2009 included the Accounting Extension Program; Master Class program; school visits; and representation at expos in metropolitan and regional Victoria and interstate, as well as on-campus activities promoting the Melbourne Experience.

An estimated 5,000 prospective students and parents visited Faculty staff and facilities during Open Day in August. A series of information events on the New Generation BCom was also well attended.

Results of the 2008 Graduate Destination Survey were released in 2009, showing Faculty Bachelor graduates continue to perform well.

A snapshot of outcomes were: Y of

the Business and Economics graduates who were available for full-time work, 84% were working full-time

Y work

sector destination: 89% private sector, 9% public sector and 1% non-profit organisations

Y median

annual salary $50,000 (national averages: accounting was $45,000 and economics/ business was $42,500) 1.

Annual Report 2009 Outlook 2010 25

Graduate Programs All graduate programs are now offered through the Graduate School of Business and Economics (GSBE) which is focused on providing business and economics education for recent graduates’ specialist programs for professionals in the early and middle stages of their career and research higher degrees (Masters and PhDs).

This a slight drop from over 1,900 total enrolments in 2008 and at a similar level to 2007 enrolments.

These students come from Australia and many other countries and bring with them diverse cultural backgrounds and professional experience.

Y Master

of Applied Finance

Y Master

of Commerce (Finance)

The following graduate coursework programs are offered:

Y Master

In 2009, the GSBE continued to use the Graduate Management Admissions Test (GMAT) across most or our programs, while the Graduate 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 assessing applications into the GSBE, and are used in leading business and economics schools throughout the world. The use of the GMAT and the GRE ensure that the GSBE continues to attract staff and students of the highest calibre.

Y Master

More than 1,660 graduate students were enrolled in coursework and research masters programs in 2009 with 116 students enrolled in PhD programs across varying disciplines.

26 Annual Report 2009 Outlook 2010

of Management

Y Master

of Management (Accounting)

Y Master

of Management (Business Analysis and Systems)

Y Master

of Management (Economics)

Y Master

of Management (Finance)

Y Master

of Management (Marketing)

Y Master

of Business & IT

Y Master

of Human Resource Management

Y Master

of Commerce (Management)

Y PhD

and Business Information Systems)

Y Master

of Commerce by Thesis (in the area of Actuarial Studies)

Y PhD

by Thesis (in the area of Actuarial Studies)

Y PhD

with Coursework (Economics)

Y Master

of Professional Accounting

Y PhD

Y Master

of Accounting

Y Master

of Actuarial Science

Y Master

of Economics

Y Postgraduate Y Master

Diploma in Finance

of Finance

in Management & Marketing

Y PhD with Coursework (Accounting

Y PhD

Forensics

of Commerce (Marketing)

The following graduate research programs are offered:

Certificate in Business

Y Graduate

of International Business

Y Master

with Coursework (Melbourne Institute) with Coursework (Finance)

1 Graduate Careers Australia, Gradstats, Number 13 December 2008, Graduate Careers Australia, http://www. graduatecareers.com.au/content/view/ full/24. The national figures are based on Australian resident bachelor degree graduates aged less than 25 years and working in their first full-time job.

Research Achievements in 2009 The Faculty was awarded eight new Discovery Project Grants commencing in 2010 with an application success rate of over 66% and received grants for both applications for Round 1 2010 Linkage Projects. The success rate continues to be well above the average for both the University and the Scheme nationally. Application numbers have declined over recent years, but the number of grants awarded to Faculty researchers remains consistently high.

Professor Tony Scott, from the Melbourne Institute, was one of only two economists awarded an ARC Future Fellowship, and one of 11 awarded within the social science disciplines.

Professor Scott and Dr JongSay Yong have been awarded a $750,000 five-year partnership grant (with the Victorian Department of Human Services) by the National Health and Medical Research Council to measure, assess and explain hospital performance.

Faculty researchers continue to be recognised the world over, with Professor Jeff Borland being named the next Chair of Australian Studies at Harvard. This is a most prestigious appointment, and Professor Borland is the first economist for a number of years to be given the honour.

Faculty researchers continue to publish in the very top journals in their fields.

As very few non-North American academics publish in these journals, this is a very significant achievement.

Early indications on 2009 DIISR Publication Submission are that the Faculty has substantially increased its publication output from 2008.

Outlook 2010 Professor Peter Bardsley’s bid to establish a Centre of Excellence in Economic Design has been shortlisted with a full proposal to be submitted in April 2010.

The bid involves a consortium of The University of Melbourne, ANU, UNSW, The University of Queensland, the Federal Treasury and State Department of Treasury and Finance. The Centre has the potential to design customised solutions to contemporary policy problems through the combination of information economics, incentive theory and the new field of experimental economics.

The Faculty is preparing for the 2010 Excellence in Research Australia (ERA) Assessment exercise undertaking data collection and validation exercises on research outputs of eligible researchers for 2003 to 2008, the period under review.

Annual Report 2009 Outlook 2010 27

Research grants awarded in 2009 Australian Research Council – Discovery Project Scheme Administered by the University of Melbourne Relative Income, Social Preferences, and Charitable Giving: An Experimental Analysis A/Professor L Gangadharan; Dr N Erkal; Dr N Nikiforakis Econometric Estimation and Analysis of Country, Regional and Global Income Distributions Professor W.E. Griffiths; A/Professor D Chotikapanich; Professor D.P. Rao A New Class of Statistical Methods for Analysing Long Memory Time Series Models with Heteroskedasticity A/Professor D.C. Harris; Dr H.Y. Kew Technological Innovation, Trade Liberalization, Unemployment, and Policy Design Professor I.P. King Economics of Continuous time Financial Markets and Endogenous Pricing Dr R Raimondo Boards of Directors and the Governance of Emergence Risk Professor D Samson Socioeconomic Status and Health in Australia: An Econometric Investigation into Causality and Pathways A/Professor M Shields; Dr D.W. Johnston Assessing and Enhancing the Quality of Longitudinal Survey Data Professor M.P. Wooden; Professor P Lynn; Dr J.R. Frick Administered by other Institutions with Faculty of Business and Economics Co-Investigators Reassessing the Role of Industry Associations through an Examination of Australian and New Zealand Wool Marketing, 1890-1960 Professor S.P. Ville;

28 Annual Report 2009 Outlook 2010

Professor D.T. Merrett Administering Organisation: University of Wollongong Approved Pay Alignment: Fact or Fallacy?

A/Professor J.L. Shields; A/Professor M Brown; Dr M O’Donnell; Professor R.J. Long; Professor D Scott; Professor S.J. Perkins Administering Organisation: The University of Sydney

Australian Research Council – Linkage Grant Scheme Administered by the University of Melbourne Securing the Future of Financial Services: Building a Behavioural Model of Effective Operational Risk Management A/Professor M.J. Davern; Dr C Dowling; A/Professor R Moroney Collaborating/Partner Organisation(s): National Australia Bank The Reliability of Corporate Reporting of Greenhouse Gas Estimates: Determinants, Consequences, Training for Accountants and Policy Initiatives A/Professor M Pinnuck; Professor G Clinch’ Professor C.A. Adams; Professor I Marusic; Professor G Richardson; Professor P.M. Clarkson; Dr M.J. Brear Collaborating/Partner Organisation(s): CPA Australia Administered by other University of Melbourne Departments with Faculty of Business and Economics Co-Investigators Learning from Preventable Deaths: A Prospective Evaluation of Reforms to Coroners’ Recommendation Powers in Victoria Professor D.M. Studdert; A/Professor J.E. Pirkis; Professor G.E. Sewell Collaborating/Partner Organisation(s): Department of Justice, Office of the State Coroner Administering Organisation: The University of Melbourne (School of Population Health)

National Health and Medical Research Council (NHMRC) Grants NHMRC Partnerships Project Scheme Administered by the University of Melbourne Assessing and Explaining Hospital Performance Professor A Scott; Dr J Yong Collaborating Organisation: Department of Human Services, Victoria

The University of Melbourne Early Career Grants Management and Marketing Productivity Effects of Workplace Internet Leisure Browsing Dr Brent Coker A Comparative Study of Corporate Governance in China and India Dr Wei Hu

Melbourne Institute Labour Market and Wellbeing Assimilation of Immigrants in Australia Ms Weiping Kostenko Methods to Evaluate a Heterogenous Response to Social Policy Interventions Dr Stefanie Schurer

Faculty Early Career Grants Accounting and Business Information Systems Earnings Management Behavior Surrounding Company Tax Rate Changes Ms Sharon Soltys Economics Procurement Auctions, Investment and Vertical Integration Dr Simon Loertscher Finance Independent Director Nominations: Does It Matter Who Identifies Them?

Dr Ali Akyol

Management and Marketing Brand Effects on the Neural Basis of Risk-Taking Dr Philip Harris Cultural Communication and Coordination Norms in GermanAmerican Project Teams Dr Tine Koehler

Melbourne Institute How Does Competition Affect Prices for Doctor Consultations?

Dr Peter Sivey International Economic CoMovement and the Transmission of Economic Conditions Dr Sarantis Tsiaplias

Faculty Research Grants Accounting and Business Information Systems The Economic Incentives and Ethics of Earnings Management: Evidence from Managers A/Professor Paul Coram and A/Professor Matthew Pinnuck

By Design? A Field Study of Convergence and Divergence between Technology Design Theory and Practice Dr Alison Parkes Ownership Structure, Share Transferability, and Corporate Risk Taking Dr Qingbo Yuan

Economics School Admission in Australia Dr Georgy Artemov Parental Job Loss and the Education Enrolment of Youth Dr Michael Coelli Fee Setting Intermediation: The Numerical and Empirical Side Dr Simon Loertscher Sanitation Improvements and Child Health in Rural Indonesia Dr Susan Olivia Information Externalities and Institutional Persistence Dr Tom Wilkening

What is the Effect of Schooling on Smoking in a Developing Country?

A/Professor Jenny Williams

Research publications

Finance Analysis of Basis and Market Risk of Credit Derivatives Dr Harald Scheule

Authored Research Books

Conflicts of Interest or Efficient Reallocation of Assets? An Empirical Analysis of Mergers between Private VC-Backed Startups Dr Chander Shekhar and Dr Vladimir Atanasov

Management and Marketing Social Network Sites, Privacy and Graduate Recruitment Dr Susan Ainsworth Performance Measures across the Australian Health Care Supply Chain: A Longitutional Study Dr Vikram Bhakoo The Impact of Union Organizing on Union Membership in the Australian Nursing Federation (Victoria) A/Professor Christina Cregan Brand Effects on the Neural Basis of Risk-taking Dr Philip Harris and Dr Carsten Murawski Culture-driven Communication and Coordination Norms in Global Teams Dr Tine Koehler The Unknown Sides of Virtues: How Healthy Food Biases Consumers’ Food Consumption Decisions Dr Jing (Jill) Lei Reinventing Retirement: New Pathways and Meanings A/Professor Leisa Sargent Developing Theory in Competitive Process Improvement Dr Shu-Jung Sunny Yang

Melbourne Institute Assessiing Leading Indexes for Forecasting Dr Edda Claus

Accounting and Business Information Systems Grabski, Leech S & Sangster.

2009. Management Accounting in Enterprise Resource Planning Systems. New York, United States: Elsevier.

Leung, Coram P, Cooper & Richardson. 2009. Modern Auditing and Assurance Services. Brisbane, Australia: Wiley – John Wiley & Sons.

Research Book Chapters Davern M. 2009. Information Systems Planning: The Search for Potential Value. Planning for Information Systems. Advances in Management Information Systems.

Armonk, New York, United States: M.E. Sharpe, Inc, pp. 259-273.

Lillis A. 2009. Performance measurement and managerial behaviour. Practices profession and pedagogy in accounting Essays in honour of Bill Birkett. Sydney, Australia: Sydney University Press.

Refereed Journal Articles Barth & Clinch G. 2009. Scale Effects in Capital Markets-Based Accounting Research. Journal of Business Finance & Accounting.

36 (3 & 4): 253-288.

Brooks A, Oliver & Veljanovski.

2009. The role of the independent director: evidence form a survey of independent directors in Australia.

Australian Accounting Review.

19 (3): 161-177.

Brooks A, Oliver & Veljanovski.

2009. The Role of the Independent Director: Evidence from a Survey of Independent Directors in Australia.

Australian Accounting Review.

19 (3): 161-177.

Burrows G & Cobbin P. 2009.

Controlling Government Expenditure

by External Review: The 1921-2 “Geddes Axe”. Accounting History.

14 (3): 199-220.

Annual Report 2009 Outlook 2010 29

Canada J, Sutton S & Kuhn Jr J. 2009. An examination of material weaknesses in IT controls and audit fees. International Journal of Accounting and Information Management. 17 (1): 06-119.

Cobbin P. 2009. “The Best Brains of the Public Accounting World”: The Restricted Membership of the Army Accountancy Advisory Panel 1942-1945. Accounting Historians Journal. 36 (2): 1-29.

by ERP systems. Journal of Information Systems and Technology Management. 6 (2): 125-142.

Sridharan V, Krishnan R, Vergauwen P & Arthanari T. 2009. The TOCABC Choice Debate for Product Mix Decisions: Introducing Asset Specificity as an Alternate Explanation. Journal of Global Business Issues. 3 (1): 105-110.

Research Book Chapters Andalon & Pages. 2009. Minimum Wages in Kenya. Labour Markets and Economic Development.

London, United Kingdom: Routledge, pp. 236-269.

Teo E. 2009. Leases and the Fiscal Sword of Damocles. Law Institute Journal. 83 (12): 44-48.

Anderson K, Lattimore R, Lloyd P & Maclaren D. 2009. Australia and New Zealand. In Anderson K (ed), Distortions to Agricultural Incentives: A Global Perspective. New York, United States: Palgrave Macmillan, pp. 221-256.

Veljanovski, Brooks A & Oliver. 2009.

Independent directors and Australia’s corporate governance model: A survey of independent directors’ views. Australian Journal of Corporate Law. 24: 33-54.

Borland J. 2009. The 1990s to the Present. Balanced Growth A History of the Department of Economics, University of Melbourne. Melbourne, Australia: Australian Scholarly Publishing, pp. 175-210.

Williams J & Rowlands H. 2009.

Case Study illustrations of a scorecard to measure IT strategy improvements in UK SMEs. Journal of Systems and Information Technology. 11 (1): 24-42

Dixon R. 2009. Contributions to Economic Theory. Balanced Growth: A History of the Department of Economics, University of Melbourne.

Melbourne, Australia: Australian Scholarly Publishing, pp. 241-255.

Dowling C. 2009. Appropriate Audit Support System Use: The Influence of Auditor, Audit Team, and Firm Factors. Accounting Review. 84 (3): 771-810.

Wu G. 2009. The Cost Drivers, Revenue Drivers, and Value Chain Analysis in Strategic Management Accounting. International Journal of Knowledge, Culture and Change Management. 9 (2): 69-77.

Hageman A, Arnold V & Sutton S. 2009. The use of impression management to promote ‘starve the beast’ policies. International Journal of Critical Accounting. 1(1-2): 123143.

Wu G. 2009. The Cost Drivers, Revenue Drivers, and Value Chain Analysis in Strategic Management Accounting. International Journal of Knowledge, Culture and Change Management. 9 (2): 69-78.

Freebairn J. 2009. Contributions to Australian Economic Policy.

Balanced Growth, A History of the Department of Economics, University of Melbourne. Melbourne, Australia: Australian Scholarly Publishing, pp.

211-240.

Pinnuck M & Potter B. 2009.

The quality and conservatism of the accounting earnings of local governments. Journal of Accounting and Public Policy. 28 (6): 525-540.

Wu, Xu & Yuan Q. 2009. State Control, Legal Investor Protection, and Ownership Concentration: Evidence from China. Corporate Governance. 17 (2) : 176-192.

Sangster, Leech S & Grabski.

2009. ERP Implementations and their Impact upon Management Accountants. Journal of Information Systems and Technology Management. 6 (2): 125-142.

Department of Economics

Coram P, Monroe & Woodliff.

2009. The Value of Assurance on Voluntary Nonfinancial Disclosure: An Experimental Evaluation.

Auditing: a journal of practice and theory. 28 (1): 137-151.

Davern M & Wilkin C. 2009. Why did they do that? Variability in routine transactions. Information Technology and People. 22 (1): 78-88.

Dowling C. 2009. Appropriate audit support system use: the influence of auditor, audit team and firm factors.

Accounting Review. 84 (3): 771-810.

Sangster, Leech S & Grabski.

2009. Management accountants: a profession dramatically changed

30 Annual Report 2009 Outlook 2010

Authored Research Books Creedy J & Guest. 2009. Population Ageing, Pensions and Growth: Intertemporal Trade-Offs and Consumption Planning. Cheltenham, United Kingdom: Edward Elgar Publishing.

Freebairn J. 2009. Reform of State Taxes. Australian Business Tax Reform in Retrospect and Prospect.

Sydney, Australia: Thompson Reuters, pp. 517-536.

Freebairn J. 2009. Some Distributional Issues in Greenhouse Gas Policy Design. Climate Change and Social Justice. Carlton, Australia: Melbourne University Press, pp.

82-98.

Freebairn J. 2009. Taxes or Tradable Permits to Reduce Greenhouse Gas Emissions. Tax Reform in the 21st Century. Netherlands: Kluwer Law International, pp. 421-440.

Hillberry R. 2009. Review of international experience: ex post studies of other PTAs and implications for PTA design.

Negotiating a Preferential Trading Agreement: Lessons from Australia and China. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 12-34.

Lloyd P. 2009. The 1980s: Preparing for Change. Balanced Growth A History of the Department of Economics, University of Melbourne.

Melbourne, Australia: Australian Scholarly Publishing, pp. 157-174.

Lloyd P, Croser J & Anderson K. 2009. Welfare-Based and Tradebased Indicators of National Distortions. In Anderson K (ed), Distortions to Agricultural Incentives: A Global Perspective 1955 to 2007. United Kingdom: Palgrave Macmillan, pp. 419-457.

Lloyd P & Maclaren D. 2009. Rules of Origin. In Jayasuria S, Magee G & Maclaren D (eds), Australia and China: Negotiating a Preferential Trading Agreement. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 170-191.

Maclaren D. 2009. Agriculture. In Jayasuria S, Magee G & Maclaren D (eds), Australia and China: Negotiating a Preferential Trading Agreement. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 74-96.

Norman N. 2009. The Swinging Seventies. Balanced Growth A History of the Department of Economics, University of Melbourne.

Melbourne, Australia: Australian Scholarly Publishing, pp. 129-156.

Refereed Journal Articles Alatas, Cameron L, Chaudhuri, Erkal N & Gangadharan L. 2009. Gender and Corruption: Insights from an Experimental Analysis. Southern Economic Journal. 75 (3): 663-680.

Alatas, Cameron L, Chaudhuri, Erkal N & Gangadharan L. 2009.

Subject Pool Effects in a Corruption Experiment: A Comparison of Indonesian Public Servants and Indonesian Students. Experimental Economics. 12 (1): 113-132.

Alvarez F, Atkeson A & Edmond C. 2009. Sluggish responses of prices and inflation to monetary shocks in an inventory model of money demand. The Quarterly Journal of Economics. 124 (3): 911-967.

Amer Ahmed & Walmsley. 2009.

Gains from the Liberalization of Temporary Migration. South Asia Economic Journal. 10 (1): 61-80.

Beveridge C, Denson NA & Joshi M. 2009. Comparing discretisations of the Libor market model in the spot measure. Australian Actuarial Journal. 15 (2): 231-253.

Booth A & Van Ours J. 2009. Hours of Work and Gender Identity: Does Part-time work make the family happier? Economica. 76 (301): 176196.

Borland J. 2009. What Happens to the Australian Labour Market in Recessions? Australian Economic Review. 42 (2): 232-242.

Borland J, Chicu M & Macdonald R. 2009. Do teams always lose to win? Performance incentives and the player draft in the Australian Football League. Journal of Sports Economics. 10 (5): 451-484.

Cameron L. 2009. Can a public scholarship program successfully reduce school drop-outs in a time of economic crisis? Evidence from Indonesia. Economics of Education Review. 28 (3): 308-317.

Cameron L, Chaudhuri, Erkal N & Gangadharan L. 2009. Propensities to engage in and punish corrupt behavior: Experimental evidence from Australia, India, Indonesia and Singapore. Journal of Public Economics. 93 (7-8): 843-851.

Cameron L & Williams J. 2009.

Is the Relationship between Socioeconomic Status and Health Stronger for Older Children in Developing Countries? Demography.

46 (2): 303-324.

Carroll N, Frijters P & Shields M. 2009. Quantifying the costs of drought: new evidence from life satisfaction data. Journal of Population Economics. 22 (2): 445-461.

Chan JH, Joshi M, Tang RP & Yang C. 2009. Trinomial or binomial: Accelerating American put option price on trees. Journal of Futures Markets. 29 (9): 826-839.

Clarke A & Johri. 2009. Procyclical Solow Residuals without technology Shocks. Macroeconomic Dynamics.

13 (3): 366-389.

Coelli M. 2009. Tuition Fees and Equality of University Enrolment.

Canadian Journal of Economics.

42 (3): 1072-1099.

Coelli M & Wilkins R. 2009.

Credential Changes and Education Earnings Premia in Australia. The Economic Record. 85 (270): 239259.

Corden W. 2009. China’s Exchange Rate Policy, its Current Account Surplus and the Global Imbalances.

The Economic Journal. 119 (541): 430-441.

Corden W. 2009. The World Credit Crisis: Understanding It, and What to Do. The World Economy. 32 (3): 385-400.

Craine & Martin V. 2009. Interest Rate Conundrum. BE Journal of Macroeconomics. 9 (1): 8.

Creedy J. 2009. Personal Income taxation: from theory to policy.

Australian Economic Review. 42 (4): 496-506.

Creedy J & Gemmell. 2009.

Corporation tax revenue growth in the UK: a microsimulation analysis.

Economic Modelling. 26 (3): 614-625.

Annual Report 2009 Outlook 2010 31

Creedy J, Herault N & Kalb G. 2009.

Abolishing the tax-free threshold in Australia: simulating alternative reforms. Fiscal Studies. 30 (2): 219246.

Creedy J & Moslehi S. 2009.

Modelling the composition of government expenditure in democracies. European Journal of Political Economy. European Journal of Political Economy. 25 (1): 42-55.

Davies W. 2009. Computer-assisted argument mapping: a rationale approach. Higher Education. 58 (6): 799-820.

Davies W. 2009. Groupwork as a form of assessment: common problems and recommended solutions. Higher Education. 58 (4): 563-584.

Denson NA & Joshi M. 2009.

Flaming logs. Wilmott Journal.

1 (5-6): 259-262.

Dixon R & Freebairn J. 2009. Models of Labour Services and Estimates of Australian Productivity. Australian Economic Review. 42 (2): 131-142.

Dufresne D, Garrido J & Morales M. 2009. Fourier inversion formulas in option pricing and insurance.

Methodology and Computing in Applied Probability. 11 (3): 359-383.

Edmond C & Veldkamp L. 2009.

Income dispersion and countercyclical markups. Journal of Monetary Economics. 56 (6): 791-804.

Frijters p, Greenwell H, HaiskenDenew J & Shields M. 2009. How well do individuals predict their future life satisfaction? Evidence from panel data following a nationwide exogenous shock. Canadian Journal of Economics. 42 (4): 1326-1346.

Frijters P, Johnston D, Shah M & Shields M. 2009. To Work or Not to Work? Child Development and Maternal Labor Supply. American Economic Journal: Applied Economics. 1 (3) : 97-110.

32 Annual Report 2009 Outlook 2010

Gangadharan L & Nikiforakis N. 2009. Does the size of the action set matter for cooperation? Economics Letters. 104 (3): 115-117.

Garratt, Lee, Mise & Shields K. 2009. Real Time Representation of the Output Gap in the UK in the Presence of Model Uncertainty.

International Journal of Forecasting.

25 (1): 81-102.

Harris D, Harvey I, Leybourne J & Sakkas. 2009. Local Asympototic Power of the Impesaran-Shin Panel Unit Root Test and the Impact of Initial Observations. Econometric Theory. 25 (6): 1545-1588.

Harris D, Harvey I, Leybourne J & Taylor. 2009. Testing for a Unit Root in the Presence of a Possible Break in Trend. Econometric Theory.

25 (6): 1545-1588.

Henry O. 2009. Regime Switching in the Relationship between Equity Returns and Short-Term Interest Rates in the UK. Journal of Banking & Finance. 33 (2): 405-414.

Hodler R. 2009. Industrial policy in an imperfect world. Journal of Development Economics. 90 (1): 85-93.

Hodler R. 2009. Redistribution and Inequality in a Heterogeneous Society. Economica. 76 (304): 704-718.

Hubbard T & Paarsch H. 2009.

Investigating Bid Preferences at Low-Price, Sealed-Bid Auctions with Endogenous Participation.

International Journal of Industrial Organization. 27 (1): 1-14.

Ironmonger D & Soupourmas F. 2009. Estimating household production outputs with time use episode data. Electronic International Journal of Time Use Research. 6 (2): 240-267.

Johnston D, Propper C & Shields M. 2009. Comparing subjective and objective measures of health: Evidence from hypertension for the income/health gradient. Journal of Health Economics. 28 (3): 540-552.

Johnston W, Nicholls M, Shah M & Shields M. 2009. Nature’s experiment? Handedness and early childhood development.

Demography. 46 (2): 281-301.

Jones A. 2009. Redisciplining generic attributes: The disciplinary context in focus. Studies in Higher Education. 34 (1): 85-101.

Joshi M. 2009. Achieving smooth asymptotics for the prices of European options in binomial trees.

Quantitative Finance. 9 (2): 171-176.

Joshi M. 2009. The convergence of binomial trees for pricing the American put. Journal of Risk.

11 (4): 87-108.

Julien, Kennes, King I & Mangin S. 2009. Directed Search, Unemployment and Public Policy.

Canadian Journal of Economics.

42 (3): 956-983.

Kew & Harris D. 2009.

Hetroskedasticity – Robust Testing for a Fractional Unit Root.

Econometric Theory. 25 (6): 17341753.

Leroux, Martin V & Goeschl.

2009. Optimal conservation, extinction debt, and the augmented quasi-option value. Journal of Environmental Economics and Management. 58 (1): 43-57.

Lim G, Dixon R & Tsiaplias S. 2009.

Phillips Curve and the Equilibrium Unemployment Rate. The Economic Record. 85 (4): 371-382.

Li S & Lu. 2009. The distribution of total dividend payments in a Sparre Andersen model. Statistics and Probability Letters. 79 (9): 12461251.

Li S, Lu & Garrido. 2009. A review of discrete-time risk models. Real Academia de Ciencias Exactas, Fisicas y Naturales. Revista. Serie A, Matematicas. 103 (2): 321-337.

Lu & Li S. 2009. The Markovian regime-switching risk model with a threshold dividend strategy.

Insurance: Mathematics & Economics. 44 (2): 296-303.

Mcdonald I. 2009. The global financial crisis and behavioural economics. Economic Papers.

28 (3): 248-253.

Paarsch H & Rust J. 2009. Valuing Programs with Deterministic and Stochastic Cycles. Journal of Economic Dynamics and Control.

33 (3): 614-623.

Paarsch H & Shearer B. 2009.

The Response to Incentives and Contractual efficiency: Evidence from a Field Experiment. European Economic Review. 53 (5): 481-494.

Poskitt D & Skeels C. 2009.

Assessing the magnitude of the concentration parameter in a simultaneous equations model. The Econometrics Journal. 12 (1): 26-44.

Shields M, Wheatley Price S & Wooden M. 2009. Life Satisfaction and the Economic and Social Characteristics of Neighbourhoods.

Journal of Population Economics.

22 (2): 421-443.

Smith R, Duke A & Round D. 2009.

Signalling, collusion and s 45 of the Trade Practices Act. Competition & Consumer Law Journal. 17 (1): 22-42.

Van Ours J & Williams J. 2009. Why parents worry: Initiation into cannabis use by youth and their educational attainment. Journal of Health Economics. 28 (1): 132-142.

Vazquez-Abad F & Heidergott B. 2009. Gradient estimation for a class of systems with bulk services: A problem in public transportation.

ACM Transactions on Modeling and Computer Simulation. 19 (3): 13.

Wu X & Li S. 2009. On the discounted penalty function in a discrete time renewal risk model with general interclaim times.

Scandinavian Actuarial Journal.

4 (109): 281-294.

Zhang, Li S & Yang. 2009. The Gerber-Shiu discounted penalty functions for a risk model with two classes of claims. Journal of Computational and Applied Mathematics. 230 (2): 643-655.

Department of Finance Authored Research Books Coleman L. 2009. Risk Strategies: Dialling up optimum firm risk. Surrey, United Kingdom: Gower Publishing Company.

Refereed Journal Articles Anderson & Davis K. 2009.

Employee Entitlements and Secured Creditors:Assessing the Effects of the Maximum Priority Proposal.

Australian Journal of Management.

34 (1): 51-72.

Brown C & Fung K. 2009. Keiretsu Affiliation and Stock-Market-Driven Acquisitions. Journal of Financial Research. 32 (4): 479-503.

Brown R, Ho YKH & Chan H. 2009.

Analysts’ recommendations: from which signal does the market take its lead? Review of Quantitative Finance and Accounting. 33 (2): 91-111.

Chan H, Faff RF & Gharghori PG. 2009. Default risk and equity returns: Australian evidence. Pacific-Basin Finance Journal. 17 (5): 580-593.

Chan H, Faff R, Ho & Ramsay. 2009.

The effects of forecast specificity on the asymmetric short-window share market response to management earnings forecasts. Accounting Research Journal. 22 (3): 237-261.

Chan H, Looi AL, Gallagher DRG & Faff R. 2009. Fund size, transaction costs and performance: Size matters! Australian Journal of Management. 34 (1): 73-96.

Chng M. 2009. Common industry exposure in seemingly unrelated commodities. Review of Futures Markets. 18 (1): 9-41.

Chng M. 2009. Economic linkages across commodity futures: Hedging and trading implications. Journal of Banking & Finance. 33 (5): 958-970.

Chng M. 2009. There is something about pairs-trading. Corporate Finance Review. 2009 (Mar-Apr): 27-35.

Davis K. 2009. Financial Regulation after the Global Financial Crisis.

Australian Economic Review. 42 (4): 453-456.

Davis K. 2009. Where has all the Money Gone? Economic Papers.

28 (3): 217-225.

Davis K & Brown C. 2009. Capital management in mutual financial institutions. Journal of Banking & Finance. 33 (3): 443-455.

Kofman P, Michayluk DM & Moser JTM. 2009. Reversing the lead, or a series of unfortunate events?

NYMEX, ICE and Amaranth.

Journal of Futures Markets.

29 (12): 1130-1160.

Lamba A & Ramsay I. 2009. The costs of corporate litigation in Australia. Company and Securities Law Journal. 27 (7): 448-457.

Mahipala , Chan H & Faff . 2009.

Trading volume and information asymmetry: routine versus nonroutine earnings announcements in Australia. Applied Financial Economics. 19 (21): 1737-1752.

Scheule H & Rosch DR. 2009.

Credit Portfolio Loss Forecasts for Economic Downturns.

Financial Markets, Institutions and Instruments. 18 (1): 1-26.

Scheule H & Rosch DR. 2009.

Credit rating impact on CDO evaluation. Global Finance Journal.

19 (3): 235-251.

Department of Management and Marketing Authored Research Books Verhezen P. 2009. Gifts, Corruption, Philanthropy: The Ambiguity of Gift Practices in Business. New York, United States: Peter Lang Publishing.

Research Book Chapters Brown M & Lim V. 2009.

Understanding Performance Appraisal: Supervisory and Employee Perspectives in Wilkinson. The SAGE Handbook of Human Resource Management. London, United Kingdom: Sage Publications, pp.

191-207.

Annual Report 2009 Outlook 2010 33

Davidson, Smith & Stone P. 2009.

Interprofessional education: Sharing the wealth. Clinical Education in the Health Professions: An Educator’s Guide. Oxford, United Kingdom: Elsevier Science, pp. 92-106.

Ainsworth S, Grant & Iedema. 2009.

Keeping things moving: space and the construction of middle management identity in a postNPM organization. Discourse and Communication. 3 (1): 5-25.

Isaac J. 2009. The 1940s: War and Early Postwar Years. Balanced Growth A History of the Department of Economics, University of Melbourne. Melbourne, Australia: Australian Scholarly Publishing, pp.

53-87.

Ainsworth S & Hardy C. 2009.

Mind over Body: Physical and Psychotherapeutic Discourses and the Regulation of the Older Worker.

Human Relations. 62 (8): 1199-1229.

Isaac J. 2009. The 1950s: Adjustment and Consolidation.

Balanced Growth A History of the Department of Economics, University of Melbourne. Melbourne, Australia: Australian Scholarly Publishing, pp.

87-102.

Power D. 2009. Supply Chain Enabling Technologies: Management Challenges and Opportunities. The Handbook of Business Information Systems. Singapore: World Scientific Publishing Co. Reiche, Kraimer M & Harzing A. 2009. Inpatriates as agents of cross-unit knowledge flows in multinational corporations.

Handbook of International HR Research: Integrating People, Process and Context. United States: Wiley-Blackwell Publishing.

Zhu Y, Chen I & Mito T. 2009.

Implications of Integration between International Business Strategies and International HRM: Case Studies of Japanese and Taiwanese Companies Operating in China. Globalization: Understanding, Management and Effects. New York, United States: Nova Science Publishers, pp. 1-29.

Refereed Journal Articles Adler & Harzing A. 2009. When Knowledge Wins: Transcending the Sense and Nonsense of Academic Rankings. Academy of Management Learning and Education. 8 (1): 72-95.

34 Annual Report 2009 Outlook 2010

Ainsworth S & Purss. 2009. Same time, next year? Human resource management and seasonal worker.

Personnel Review. 38 (3): 217-235.

Bell S, Tracey & Heide B. 2009.

The Organization of Regional Clusters. Academy of Management Review. 34 (4): 623 - 642.

Bove L & Davies W. 2009. A Case Study of Teaching Marketing Research Using Client-Sponsored Projects: Method, Challenges and Benefits. Journal of Marketing Education. 31 (3): 230-239.

Bove L & Johnson L. 2009. Does “true” personal or service loyalty last? A longitudinal study. Journal of Services Marketing. 23 (3): 187-194.

Bove L, Nagpal A & Dorsett. 2009.

Exploring the Determinants of the Frugal Shopper. Journal of Retailing and Consumer Services. 16 (4): 291-297.

Bove L, Pervan, Beatty & Shiu. 2009.

The role of the service worker in encouraging customer organizational citizenship behaviors. Journal of Business Research.

62 (7): 698-705.

Brown M & Heywood. 2009.

Helpless in Finance: The Cost of Helping Effort Among Bank Employees. Journal of Labor Research. 30 (2): 176-195.

Brown M, Metz M, Cregan C & Kulik.

2009. Irreconcilable differences?

Strategic Human Resource Management and Employee Well Being. Asia Pacific Journal of Human Resources. 47 (3): 271-296.

Chandra Y, Wang K, Yang F & Yang S. 2009. Optimising resource portfolio planning for capital-intensive industries under process-technology progress. International Journal of Production Research. 47 (10): 2625 - 2648.

Cismaru M, Nagpal A & Krishnamurthy P. 2009. The Role of Cost and Response-Efficacy in Persuasiveness of Health Recommendations. Journal of Health Psychology. 14 (1): 135-141.

Corones S, Merrett D & Round D. 2009. Building An Effective Trade Practices Commission: The Role Of Professor Robert Baxt, AO. Australian Economic History Review.

49 (2): 138-172.

Cregan C & Brown M. 2009. The Influence of Union Membership on Workers’ Willingness to Participate in Joint Consultation. Human Relations. 63 (1): 1-18.

Cregan C, Stanton P & Bartram T. 2009. Union Organizing as a Mobilizing Strategy: The Impact of Social Identity and Transformational Leadership on the Collectivism of Union Members. British Journal of Industrial Relations. 47 (4): 701-722.

Harzing A, Baldueza, BarnerRasmussen, Barzantny, Canabal, Davila, Espejo, Ferreira, Giroud, Koester, Liang, Mockaitis, Morley, Myloni, Odusanya, O’Sullivan, Palaniappan, Prochno, Choudhury, Saka-Helmhout, Siengthai, Viswat, Soydas & Zander. 2009. Rating versus ranking: What is the best way to reduce response and language bias in cross-national research?

International Business Review.

18 (4): 417-432.

Harzing A & Van Der Wal. 2009. A Google Scholar h-Index for Journals: An Alternative Metric to Measure Journal Impact in Economics and Business. Journal of the American Society for Information Science and Technology. 60 (1): 40-46.

Homburg C, Bornemann T & Wieseke J. 2009. Implementing the Marketing Concept at the Employee– Customer Interface: The Role of Customer Need Knowledge. Journal of Marketing. 73 (4): 64-81.

Metz M & Harzing A. 2009. Gender Diversity in Editorial Boards of Management Journals. Academy of Management Learning and Education. 8 (4): 540-557.

Homburg C, Totzek D & Steiner V. 2009. Managing Dynamics in a Customer Portfolio. Journal of Marketing. 73 (5): 70-89

Noorderhaven & Harzing A. 2009.

Knowledge-sharing and social interaction within MNEs. Journal of International Business Studies.

40 (5): 719-741.

Homburg C, Wieseke J & Hoyer W. 2009. Social Identity and the Service–Profit Chain. Journal of Marketing. 73 (2): 38-54.

Pablo & Hardy C. 2009. Merging, Masquerading and Morphing: Metaphors and the World Wide Web. Organization Studies. 30 (8): 1-23.

Hu W & Gooden. 2009. Consumer Ethics, Corporate Social Responsibility and Marketing: An Integration of Theoretical Perspectives. International Journal of Knowledge, Culture and Change Management. 9 (6): 23-30.

Paladino A. 2009. Financial Champions and Masters of Innovation: Analyzing the Effects of Balancing Strategic Orientations.

Journal of Product Innovation Management. 26 (6): 616-626.

Kaplan A, Warren R, Barsky A & Thoresen J. 2009. A note on the relationship between affect(ivity) and differing conceptualizations of job satisfaction: Some unexpected meta-analytic findings. European Journal of Work and Organizational Psychology. 18 (1): 29-54.

Kulik, Brown M, Metz M & Cregan C. 2009. HR Managers as Toxin Handlers: The Buffering Effect of Formalizing Toxin Handling Responsibility. Human Resource Management. 48 (5): 695-716.

Lim AC, Ang, Lee & Leong. 2009.

Processing idioms in advertising discourse: Effects of familiarity, literality and compositionality in consumer ad response. Journal of Pragmatics. 41 (9): 1778-1793.

Maguire & Hardy C. 2009. Discourse and Deinstitutionalization: The Decline of DDT. Academy of Management Journal. 52 (1): 148-178.

Maitland E & Sammartino A. 2009.

Subsidiaries in Motion: Assessing the impact of sunk vs. flexible assets. Advances in International Management. 22: 55-83.

Paladino A. 2009. Squeeze that Intellectual Juice! Encouraging Interactions in the Lecture Theater to Enhance Skill Development and Student Performance. Marketing Education Review. 19 (1): 81-88.

Pervan SJ, Bove L & Johnson L. 2009. Reciprocity as a key stabilizing norm of interpersonal marketing relationships: Scale development and validation. Industrial Marketing Management. 38 (1): 60-70.

Power D. 2009. Profiles of Innovation in Business to Business e-Commerce: Three Australian Cases. European Journal of Innovation Management. 12 (2): 257-279.

Reiche, Harzing A & Kraimer. 2009.

The role of international assignees’ social capital in creating inter-unit intellectual capital: A cross-level model. Journal of International Business Studies. 40 (3): 509-526.

Sargent L, Allen B, Frahm J & Morris.

2009. Enhancing the experience of student teams in large classes: Training teaching assistants to be coaches. Journal of Management Education. 33 (5): 526-552.

Scott-Young C & Samson D. 2009.

Team management for fast projects: an empirical study of process industries. International Journal of Operations and Production Management. 29 (6): 612-635.

Seltzer A & Sammartino A. 2009.

Internal labour markets: Evidence from two large Australian employers.

Australian Economic History Review.

49 (2): 107-137.

Singh P & Power D. 2009. The nature and effectiveness of collaboration between firms, their customers and suppliers: a supply chain perspective. Supply Chain Management. 14 (3): 189-200.

Tellis, Yin & Bell S. 2009. Global Consumer Innovativeness: Cross-Country Differences and Demographic Commonalities.

Journal of International Marketing.

17 (2): 1-22.

Ville S & Merrett D. 2009. Financing Growth: New Issues by Australian Firms, 1920–1939. Business History Review. 83 (3): 0.

Yamao S, De Cieri & Hutchings.

2009. Transferring subsidiary knowledge to global headquarters: subsidiary senior executives’ perceptions of the role of HR configurations in the development of knowledge stocks. Human Resource Management. 48 (4): 531-554.

Yap JE, Bove L & Beverland MB. 2009. Exploring the effects of different reward programs on in-role and extra-role performance of retail sales associates. Qualitative Market Research. 12 (3): 279-294.

Zhang, Zyphur M, Narayanan, Arvey, Chaturvedi, Avolio, Lichtenstein & Larsson. 2009. The genetic basis of entrepreneurship: Effects of gender and personality. Organizational Behavior and Human Decision Processes. 110 (2): 93-107.

Zhang, Zyphur M & Preacher. 2009.

Testing Multilevel Mediation Using Hierarchical Linear Models Problems and Solution. Organizational Research Methods. 12 (4): 695-719.

Annual Report 2009 Outlook 2010 35

Zyphur M. 2009. When mindsets collide: switching analytical mindsets to advance organization science.

Academy of Management Review.

34 (4): 677�688.

Zyphur M & Islam. 2009. Rituals in Organizations: A Review and Expansion of Current Theory.

Group & Organization Management.

34 (1): 114-139.

Zyphur M, Narayanan, Arvey & Alexander. 2009. The Genetics of Economic Risk Preferences. Journal of Behavioural Decision Making.

22: 367-377.

Zyphur M, Narayanan, Koh. 2009.

Testosterone status mismatch lowers collective efficacy in groups: Evidence from a slope as predictor multilevel structural equation model.

Organizational Behavior and Human Decision Processes. 110 (2): 70-79.

The Melbourne Institute Authored Research Books Garnaut R. 2009. The Great Crash of 2008. Carlton, Australia: Melbourne University Press.

Research Book Chapters Herault N. 2009. Labour Supply Modelling in Sequential Computable General Equilibrium-Microsimulation Models. Emerging Topics in Macroeconomics. New York, United States: Nova Science Publishers, pp. 3-11.

Kalb G & Thoresen T. 2009.

Behavioural Microsimulation: Labour Supply and Childcare Use Responses in Australia and Norway.

New Frontiers in Microsimulation Modelling. United Kingdom: Ashgate, pp. 231-261.

Marks G. 2009. The Influence of Cultural Capital on Educational and early Labour Market Outcomes of Young People in Australia.

Quantifying Theory: Bourdieu.

Netherlands: Springer, pp. 89-103.

Mcclelland A & Scutella R. 2009.

Taxation: Paying for Policy. Social Policy in Australia: Understanding for

36 Annual Report 2009 Outlook 2010

Action. South Melbourne, Australia: Oxford University Press, pp. 250265.

Watson S & Wooden M. 2009.

Identifying factors affecting longitudinal survey response.

Methodology of Longitudinal Surveys. Chichester, United Kingdom: Wiley – John Wiley & Sons, pp. 157-181.

Williams R. 2009. Trends and Cycles: 1925-2008. Balanced Growth A History of the Department of Economics, University of Melbourne.

Melbourne, Australia: Australian Scholarly Publishing, pp. 5-23.

Wooden M & Drago R. 2009. The Changing Distribution of Working Hours in Australia. Laggards and Leaders in Labour Market Reform: Comparing Japan and Australia.

Abingdon, United Kingdom: RoutledgeFalmer, pp. 67-81.

Refereed Journal Articles Cai L. 2009. Be wealthy to stay healthy: An analysis of older Australians using the HILDA survey.

Journal of Sociology. 45 (1): 55-70.

Cai L. 2009. Effects of Health on Wages of Australian Men. The Economic Record. 85 (270): 290306.

Cai L. 2009. Estimation of Simultaneous Equation Models with Latent Dependent Variables: A Monte Carlo Evaluation. Applied Economics Letters. 16 (11): 1107-1112.

Cai L. 2009. Is self-reported disability status endogenous to labour force status? Applied Economics Letters.

16 (5): 459-464.

Cai L & Cong C. 2009. Effects of Health and Chronic Diseases on Older Working-age Australians.

Australian Economic Papers. 48 (2): 166-182.

Cardak B & Wilkins R. 2009.

The determinants of household risky asset holdings: Australian evidence on background risk and other factors. Journal of Banking & Finance. 3 (5): 850-860.

Chua M & Tsiaplias S. 2009. Can Consumer Sentiment and its Components Forecast Australian GDP and Consumption? Journal of Forecasting. 28 (8): 698-711.

Coelli M & Wilkins R. 2009.

Credential Changes and Education Earnings Premia in Australia. The Economic Record. 85 (270): 239259.

Creedy J, Herault N & Kalb G. 2009.

Abolishing the tax-free threshold in Australia: simulating alternative reforms. Fiscal Studies. 30 (2): 219246.

Crossley T, Hurley J & Jeon S. 2009. Physician Labour Supply in Canada: A Cohort Analysis. Health Economics. 18 (4): 437-456.

Drago R, Wooden M & Black D. 2009. Long Work Hours: Volunteers and Conscripts. British Journal of Industrial Relations. 47 (3): 571-600.

Drago R, Wooden M & Black D. 2009. Who Wants Flexibility?

Changing Work Hours Preferences and Life Events. Industrial and Labor Relations Review. 62 (3): 394-414.

Farrar S, Yi D, Sutton M, Chalkley M, Sussex J & Scott A. 2009. Has payment by results affected the way that English hospitals provide care?

Difference-in-differences analysis.

British Medical Journal. 339 (272): b3047.

Frick J & Headey B. 2009. Living standards in retirement: accepted international comparisons are misleading. Schmollers Jahrbuch.

129 (2): 309-19.

Harris M, Kostenko W, Matyas L & Timol I. 2009. The Robustness of Estimators for Dynamic Panel Data Models to Misspecification.

Singapore Economic Review. 54 (3): 399-426.

Herault N. 2009. Les apports de la micro-simulation aux modèles d’équilibre général: application au cas de l’Afrique du Sud. Economie et Prevision. 187 (1): 123-135.

Jensen P & Stonecash R. 2009.

Contract type and the cost of provision: Evidence from maintenance services contracts.

Fiscal Studies. 30 (2): 279-296.

Marks G. 2009. Accounting for School Sector Differences in University Entrance Performance.

Australian Journal of Education.

53 (1): 19-38.

Jensen P & Webster E. 2009.

Another look at the relationship between innovation proxies.

Australian Economic Papers.

48 (3): 252-269.

Marks G. 2009. Modernisation Theory and Changes Over-Time in the Reproduction of Socioeconomic Inequalities in Australia. Social Forces. 88 (2): 917-944.

Jensen P & Webster E. 2009.

Knowledge Management: Does Capture Impede Creation? Industrial and Corporate Change. 18 (4): 701-727.

Marks G. 2009. Social Consequences of the Australian Higher Education Contribution Scheme (HECS). Higher Education.

57 (1): 71-84.

Jensen P, Webster E & Witt J. 2009.

Hospital type and patient outcomes: An empirical examination using AMI re-admission and mortality records. Health Economics.

18 (12): 1440-1460.

Mavromaras K, Fok YK & Mcguinness S. 2009. Assessing the Incidence and Wage Effects of Overskilling in the Australian Labour Market. The Economic Record.

85 (268): 60-72.

Johnston D & Lee W. 2009. Retiring to the Good Life? The Short-Term Effects of Retirement on Health.

Economics Letters. 103 (1): 8-11.

Mcguinness S & Wooden M. 2009.

Overskilling, Job Insecurity and Career Mobility: Evidence from Australia. Industrial Relations.

48 (2): 265-286.

Kalb G. 2009. Children, Labour Supply and Childcare: Challenges for Empirical Analysis. Australian Economic Review. 42 (3): 276-299.

Lim G, Chua M, Claus E & Tsiaplias S. 2009. Review of the Australian Economy 2008-09: Recessions, Retrenchments and Risks. Australian Economic Review. 42 (1): 1-11.

Lim G, Dixon R & Tsiaplias S. 2009.

Phillips Curve and the Equilibrium Unemployment Rate. The Economic Record. 85 (4): 371-382.

Palangkaraya A & Yong J. 2009.

Parallel Imports, Market Size and Investment Incentive. Singapore Economic Review. 54 (2): 167-181.

Palangkaraya A & Yong J. 2009. Population Ageing and its Implications on Aggregate Health Care Demand: Empirical Evidence from 22 OECD Countries.

International Journal of Health Care Finance and Economics.

9 (4): 391-402.

Palangkaraya A, Yong J, Webster E & Dawkins P. 2009. The income distributive implications of recent private health insurance policy reforms in Australia. European Journal of Health Economics.

10 (2): 135-148.

Scott A, Schurer S, Jensen P & Sivey P. 2009. The effects of an incentive program on quality of care in diabetes management. Health Economics. 18 (9): 1091-1108.

Shields M, Wheatley Price S & Wooden M. 2009. Life Satisfaction and the Economic and Social Characteristics of Neighbourhoods.

Journal of Population Economics.

22 (2): 421-443.

Stierwald A, Palangkaraya A & Yong J. 2009. Is Firm Productivity Related to Size and Age? The Case of Large Australian Firms. Journal of Industry, Competition and Trade: from theory to policy. 9 (2): 167-195.

Wilkins R & Wooden M. 2009.

Household Debt in Australia: The Looming Crisis that Isn’t. Australian Economic Review. 42 (3): 358-366.

Witt J, Scott A & Osborne R. 2009.

Designing choice experiments with many attributes. An application to setting priorities for orthopaedic waiting lists. Health Economics.

18 (6): 681-696.

Wooden M, Warren D & Drago R. 2009. Working Time Mismatch and Subjective Well-being. British Journal of Industrial Relations. 47 (1): 147-179.

Annual Report 2009 Outlook 2010 37

Research higher degree completions Department of Accounting and Business Information Systems The Impact of Meeting or Beating Analysts’ Earnings Forecasts on the Expected Rate of Return and the Expected Growth Rate Entesar Abdullah Accounting for Employee Share Options (Accounting Standards AASB 2): The Economic Consequence, Earnings Management and Market Valuation Effects of Recognition Versus Disclosure Hong Nee Ang Government Ownership and Earnings Informativeness Li Liu

Department of Economics The Gulf Currency Union: An Empirical Investigation Samir Salim Said Al-Busaidi Obtaining Bayesian Posterior Distributions for Welfare Changes in Agricultural Commodity Markets Adam Bronek Bialowas How Robust are the Existing Solutions to the Price Puzzle?

Evidence from the US Roshan Anne Perera External Shocks and Exchange Rate Policy in Indonesia: 1978.4 – 2004.3 Muhammad Edhie Purnawan

38 Annual Report 2009 Outlook 2010

Essays on Competition, Product Design and Firm Formation Christian Roessler Essays in Corporate Governance, Innovation and R&D Alliances Vicar Valencia Collusion with Fines and Delegation Luke Wainscoat

Department of Management and Marketing

PhD Casual Employment in a Profession: Examining Identity, Work/Life Dynamics, and Career Outcomes Belinda Catherine Allen Narrative Positioning, Discourses, and Practices: The Social Construction of Individual and Organizational Identities in an Australian University Primo Gatpolintan Garcia A Generalised Agency Framework for Dealing with Corporate Risk Suzy Katherine Goldsmith The Origin Image System: Conceptualising and Operationalizing a Holistic Framework Alexander Josiassen A Study of Work-Family Conflict in Sri Lanka: The Role of Exchange Relationships, Life Stages, Gender, and Gender Role Ideology Pavithra Kailasapathy

Explorations in the Relationship between Business and Society: A Stakeholder-Based Approach Benjamin Anthony Neville Successful Product Launch Strategies: A Comparison between Sequential and Simultaneous Product Rollouts Nik Mohd Hazrul Nik Hashim Consumer purchase postponement: An Empirical Study Ameet Pramod Pandit The Internationalisation of Australian Firms: How Networks Help Bridge the Psychic Distance between a Firm and a Market Frances Mary Van Ruth Business Strategy and Corporate Governance in Chinese Consumer Electronics Sector Hailan Yang

Master of Commerce (by Advanced Seminar and Shorter Thesis) in Management The Transition of Education and Labour Market and the Impact on Employment of University Graduates in China Shuang Ren

Kinsman Honours Scholarships In 2009, 17 Honours students were awarded studentships to work with academics to develop their research essays into publishable journal articles.

Department of Accounting & Business Information System The Differential Reward to Earnings & Operating Performance Surprises Marc David Costabile Analyst Coverage and the Cross-Section of Stock Returns Zhengwei Hu Media Coverage of Initial Public Offerings: Information or Noise?

Tristan Webster

Department of Economics Cooling-Off Periods David Lander How Does Early Childhood Nutrition Affect Later Scholastic Potential? A Longitudinal Analysis of Indonesian Children Sruthi Srikanthan

Economics – (Actuarial Studies) Modelling Hedge Fund Returns Wang Chun Wei Department of Finance The Effects of the Sarbanes-Oxley Act on the Use of Anti-Takeover Provisions in IPO Firms Lanny Chandra

Special Purpose Acquisition Companies – Valuing a Blank Check Chamath De Silva The Accuracy & Robustness of Real Estate Price Index Methods Yen Min Goh The Impact of Merger Activity on Executive Compensation of Acquiring Firms Wenqing Hu The Relation between B/M, Irreversibility & Return: An Explanation of Value Premium Eric Tong Yu Ki

Examining the Influences of Intentions to Purchase “Green” Mobile Phones Among Young Consumers: An Empirical Analysis Serena Ng

Visiting Research Scholar Grants The following international visitors were supported in 2009.

Department of Economics Professor Stephen Pudney (University of Essex, UK)

Taxes and the Early Exercise of Call Options: Australian Evidence Grace Ching Zhen Phang

Professor Michael Grossman (City University of New York and the National Bureau of Economic Research)

The Impact of Cross Delisting on Security Prices & the Cost of Equity Hieronymus Stephanus

Professor Joerg Oechssler (Department of Economics, University of Heidelberg)

Options Backdating in Australia Andrew David Trumble

Dr Abigail Barr (Department of Economics, Oxford University)

Does Excess Liquidity Explain Asset Pricing? An Investigation through the Chinese Discount Puzzle Kai Zhou

Department of Management & Marketing Using Irony to Understand the Dual Nature of HRM: A Case Study Example Richard William Jeremiah

Department of Economics and the Melbourne Institute Dr Dean Hyslop (New Zealand Department of Labour) The Melbourne Institute Professor Hugh Gravelle (Centre for Health Economics, University of York)

Annual Report 2009 Outlook 2010 39

Engagement with Business and Community Faculty members engage with the broader community through our ongoing research collaborations with industry, government and the not-for-profit sector. These relationships underpin our position as a leading Business and Economics faculty in the region and one of the best in the world.

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 industry leaders, we can deliver challenging and rigorous programs that best reflect the realities of modern business life and equip graduates to enter the global, dynamic world of business with confidence.

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. Mr Peter Yates – MSc (mgt) (Stanford), B.Com (Melb), MAICD, CFTP, Doctorate of the University (Murdoch), Chairman of Peony Capital – was Board Chair in 2009 and was elected again for 2010.

Two new alumni have joined the Board for 2010: Dr Lynne Williams, Deputy Secretary, Economic and Financial Policy Division, Department of Treasury and Finance and Dr James Riady, Chief Executive Officer, Sekolah Pelita Harapan, Indonesia.

40 Annual Report 2009 Outlook 2010

Business and Economics Foundation The Board will also have stewardship and oversight of the newly created Business and Economics Foundation. This Foundation “ringfences” all gifts to the Faculty and the Board will ensure that monies held within the Foundation are used for greatest need and highest impact to support the mission of the Faculty.

Engagement in 2009 Further examples of our engagement with business and community in 2009 include: Y the

second annual PricewaterhouseCoopers Melbourne Institute Asialink Index was launched on November 6, 2009, by the Hon John Brumby, Premier of Victoria.

Y collaboration

with KPMG and the University of Queensland on the production of the biennial Fraud Survey.

Y a

study into factors affecting the long-term demand for, and supply of, professional accounting services in rural and regional Australia was researched in partnership with CPA Australia

by Professor Colin Ferguson (Department of Accounting and Business Information Systems).

Y Dr

Jennifer Grafton and Honours student Ms Carolyn Deller of the Department of Accounting and Business Information Systems spent a year working closely with the Children’s Protection Society (CPS) on a project to review the organisation’s formal performance management protocols.

Y to

celebrate the University’s Diversity Week in 2009 the Faculty welcomed the Ambassadors of Peru, Brazil and Mexico and the Chairman of the Council on

Australia Latin America Relations to speak to staff and students on the role of Latin America in the global economy and Australian – Latin American business relations.

The visit was organised jointly with the University’s Latin American Student Association.

Industry Sponsors The Faculty is grateful to the following sponsors for their continued support through generous contributions to student prizes and scholarships: ANZ Australian Finance Conference Aviva Australia Bain and Company Booz & Co Citigroup Australia Commercial Travellers’ Association CommInsure CPA Australia Deloitte Actuaries & Consulting Department of Education, 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 Institute of Actuaries Australia KPMG Oracle Corporation Protiviti Sothertons Taxpayers Australia Inc Taylor Fry Towers Perrin

ENGAGEMENT WITH OUR STUDENTS Students are encouraged to engage with the wider community through internships, student exchange and participation in voluntary activities.

The Faculty of Business and Economics Mentoring Program In 2009 the Business and Economics Careers Centre extended the Career Mentoring Program to undergraduate students of the Faculty.

Being part of the Business and Economics Career Mentoring Program is a significant step towards success for the students who are matched with industry mentors according to their degree specialisation and 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 2009 mentors came to the tenmonth program from large, medium and small organisations including Deloitte, NAB, KPMG, AAMI, JP Morgan Chase Bank Berhad, Halstead Financial Services, ANZ, Australia Post, Synergy Plus, CSIRO, Transurban, Cubit Media Research, IBM, Telstra, DWS, Cubit Media Research and RSM Bird Cameron.

Internship Program The Business and Economics Careers Centre’s internship program enables students to apply the knowledge they have developed through their studies to benefit an organisation and further develop their own skills and experience.

Some of the projects completed by our interns included: developing and implementing marketing strategies; formulating business models; assessing potential investment opportunities and implementing a new IT system. Organisations that have provided internship opportunities in 2009 include: Chinavestor; Nitto

Participants in the Business Practicum with their client

Denko; BSI; eab Consulting, Soloren; RapidMap; the Brotherhood of St Laurence and the Red Cross.

Business Practicum The Department of Management and Marketing and the Commerce Student Centre continue to receive positive feedback about the third-year capstone subject, Business Practicum (formerly called Management Practicum).

Students work in teams of four to provide a consultancy for a client organisation. In 2009 students made valuable contributions to a range of business and government organisations. Students produce and present a consulting report for a client-specified business project of strategic importance. Students develop essential planning, research, and teamwork skills.

Students have worked with major companies like Telstra, the Adecco Group, CEVA Logistics and PricewaterhouseCoopers as well as the Committee for Melbourne, Local Government, not-for-profit organisations, manufacturing companies and marketing agencies.

Students in Free Enterprise (SIFE) Students in Free Enterprise (SIFE) is a network of over 38,000 students studying at more than 1,500 universities around the world who endeavour to use classroom knowledge to address socio-economic problems in their local or international communities.

With the assistance of academic and business leaders, SIFE students are committed to making a difference by creating sustainable economic opportunities for disadvantaged groups.

SIFE teams manage a diverse portfolio of projects which operate on the principles of market economics, education and training, entrepreneurialism, financial management, business ethics and sustainability.

The University of Melbourne SIFE team is the largest in Australia with an active membership of 56 students, a portfolio of four ongoing projects and an impact of 915 changed lives.

Annual Report 2009 Outlook 2010 41

In 2009, the University of Melbourne SIFE team’s achievements included: Y SIFE

Australia National Runners-

Up

Y Winner,

Best Team Sustainability Strategy

Y Winner,

Best Business Ethics

Project

Y Winner,

Best Competitive Skills Training project

Y Winner,

Most Supportive Vice-Chancellor

Case Competition winners A team of Bachelor of Commerce students known as ‘Oz Consulting’ won the 2009 Citi International Case competition at the Hong Kong University of Science and Technology (HKUST) with an innovative ten-year business plan for the world’s leading smartcard company, Octopus Cards Limited (OCL).

Not only has this been tremendous experience for our students, it has raised the profile of the Faculty internationally and, in terms of international case competitions for undergraduates, the FBE is presently the top-ranked school.

Future Leaders Forum The third Future Leaders Forum, sponsored by NAB Education and Community Business, was held on August 7, 2009. The forum was themed ‘Leadership in a Turbulent World’ and speakers included Chancellor The Honourable Alex Chernov; Westpac CEO Gail Kelly; Climate Change Experts Professor Ross Garnaut and Professor David Jamieson; Oxfam CEO Andrew Hewitt; Young Australian of the Year (2007) Tania Major; Australia’s leading economist Chris Richardson; and the Reserve Bank’s Luci Ellis.

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

Student events Scholarship Reception The 2009 Scholarship reception to welcome all commencing scholarship recipients was held on April 7, 2009.

Presentations included National and Access Scholars, Merit and AG Whitlam Scholars, as well as the Commerce Honours Scholars.

The keynote address was delivered by current student and Merit Scholarship recipient, Guilherme Rocha Gomes.

BCom students at the Future Leaders Forum 2009

42 Annual Report 2009 Outlook 2010

Professor Margaret Abernethy awards a certificate at the Dean’s Awards cermeony

Dean’s Awards The 2009 Dean’s Awards evening took place on April 21, 2009, 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.

A number of industry sponsors were in attendance to co-present awards, with alumnus Dean Ireland of Egon Zehnder International giving the keynote address. Our warm thanks to Sothertons Chartered Accountants who sponsored the awards.

Engagement with Alumni The Faculty of Business and Economics maintained strong engagement with alumni throughout 2009. Communication with alumni was enhanced through the introduction of the Faculty’s first electronic newsletter, eComm, which is circulated to approximately 10,000 alumni both in Australia and internationally.

Engagement in 2009 included the coordination of more than 30 events held in various cities, including Kuala Lumpur, Singapore, Bangalore, Mumbai, New Delhi and Dubai, as well as Melbourne.

The University of Melbourne Commerce Alumni Society (UMCAS) committee, which represents the Faculty’s graduate body, again provided dedicated support to the organisation of several of these events.

Many alumni have contributed in some way to the success of the Faculty in 2009 – by advising on the development of new programs, engaging with students through business practicum subjects in Australia and overseas, providing work and internship opportunities, mentoring, speaking at functions and attending lectures.

The Faculty’s alumni network makes connections to the business community accessible, not only in Melbourne but all over the world.

Outlook 2010 In the year ahead we will be working to ensure that our alumni play a more strategic and active role in the life of the Faculty and provide greater representation for our graduates overseas and locally. To this end we are currently in consultation with various representative bodies, internal and external stakeholders, and alumni chapter groups to develop an improved Alumni Council.

We will extend the range of alumni engagement activities, thereby ensuring the community remains a vital part of the Faculty. Events have already been held in Melbourne, Hong Kong, Shanghai, Beijing, Kuala Lumpur and Singapore with further events planned for Latin America, India and the UK.

University of Melbourne Commerce Alumni Society The University of Melbourne Commerce Alumni Society (UMCAS) had another active and successful year. Ross Cameron (BCom 1988) was re-elected to continue in his role as President and Stephanie Barr (BCom/BA Hons 2006) was elected as Vice President to replace Chris Leptos (BCom 1980). Chris has remained active on the Business and Economics Board.

Director of hedge fund MM&E Capital and a popular financial commentator on radio and TV. Tom cleared up a few myths about hedge funds and gave an overview on the recent bounce in the share market.

UMCAS Annual Reunion Dinner at Ormond College The Annual Commerce Alumni Reunion Dinner was held on July 16 at Ormond College. Around 200 alumni, staff and friends attended this year’s reunion held again in the magnificent Harry Potter-style Dining Hall.

The keynote speaker, alumnus Stephen Mayne, delivered a wonderful address outlining his somewhat unconventional career

After well over 10 years on the UMCAS committee former President Chris Warrell stepped down, along with Meta Santoso, who has been invaluable in strengthening relationships with our Young Alumni in particular. Dennis Lee continues to lead Young Alumni engagement through 2010.

Melbourne Alumni events Young Alumni event ‘Financial Markets Update’ with Tom Elliott The first UMCAS Young Alumni event of 2009 was hosted by Ernst & Young with Tom Elliott presenting on May 28. Tom is the Managing

Alumnus Stephen Mayne (BCom 1992) delivering the keynote address at the UMCAS Annual Reunion Dinner

UMCAS committee members (left to right): Vice President Stephanie Barr, President Ross Cameron, Chris Leptos and Dennis Lee

Annual Report 2009 Outlook 2010 43

Alumni Refresher Lecture Series This popular annual series, developed with the Faculty’s lifelong learning goal in mind, provides an opportunity for alumni to return to campus for updates on recent developments and research by leading academics within the Faculty in the areas of finance, economics, management and marketing.

Speakers at the 2009 series held in September were Professor Max Corden, A/Professor Beth Webster, Professor Bryan Lukas, Professor Paul Kofman, A/Professor Leisa Sargent and Professor Jeff Borland.

Ormond College dining hall, UMCAS Annual Reunion dinner 2009

and his views on the need for corporate governance. Stephen also spoke about the impact of his grandfather’s university scholarship on education opportunities for subsequent generations.

Young Alumni ‘Meet the entrepreneur’ event The very popular Young Alumni ‘Meet the Entrepreneur’ event was again held at Koko Black Chocolate in Collins Street this year.

Our speaker, James Tuckerman (BA/LLB Hons 1999), shared his inspiring and personal journey in setting up Anthill Magazine.

Thanks go to our fantastic sponsor RSM Bird Cameron and Rob Miano in particular and also to Linda Purcell and Shane Hills at Koko Black for the wonderful organisation.

Actuarial Alumni career development event UMAA, the University of Melbourne Actuarial Alumni group, held a career development event in Melbourne on September 2 sponsored by QED Actuarial. Jenny Lyon (Director, QED Actuarial and Editor, Actuary Australia) and Donna Walker (General Manager, CGU Insurance), spoke to the audience on the topic ‘Managing your career in volatile times’.

Conversation at Masani Alumna Sally Capp was invited to host a ‘Conversation at Masani’ on September 10 as part of the University’s 2009 series. The series provides alumni with the opportunity to take part in an intimate, challenging and thought-provoking conversation with a fellow alumnus/a in the elegant surrounds of one of Melbourne’s finest Italian restaurants, Masani.

Sally, former CEO of Committee for Melbourne, talked about current and future challenges Melbourne is facing, particularly in light of the expected population surge.

Alumni catching up over hot chocolate at the ‘Meet the Entrepreneur’ Young Alumni event

44 Annual Report 2009 Outlook 2010

Young Alumni event – Leon L’Huillier at KPMG The third and final Young Alumni event of the year was held on October 15, hosted by KPMG at its Collins Street premises. Guest speaker alumnus, Leon L’Huillier (Director, Woolworths Ltd), spoke on ‘Corporate DNA: Woolworths and the TAC. UMCAS 40+ Reunion Luncheon – University House On October 23 over 80 alumni gathered at University House for the annual 40+ Reunion for commerce alumni who graduated 40 or more years ago. Attendance was the highest ever and alumni and staff thoroughly enjoyed the opportunity to meet again and celebrate long past, but not forgotten, memories of their student days. Each guest was presented with a copy of Balanced Growth, a new book on the history of the Economics Department edited by former Dean, Professor Ross Williams.

Guests at the annual 40+ Reunion Luncheon

Dean’s Christmas Lunch On November 19 the Dean hosted her annual thank-you lunch for donors, mentors, sponsors and supporters of the Faculty over the past year. More than 80 guests lunched at Oyster Little Bourke together with Faculty staff and heads. The Dean, Advisory Board Chairman Peter Yates and UMCAS Leadership Scholarship recipient Allen Sabet offered three different perspectives on their year with the Faculty.

Melbourne Leadership Series – Singapore On August 5 the Faculty took part in the Melbourne Leadership Series in Singapore. The format of the event was a panel discussion between three interesting, successful and entrepreneurial alumni about their careers to date, the successes they have had and lessons they have learned along the way. Alumnus Mr Chaly Mah (BCom 1980), CEO Deloitte Asia Pacific, represented the Faculty as one of the panellists.

UMCAS President Ross Cameron co-hosted the lunch and thanked Professor Abernethy for her excellent leadership through both the challenges and successes of 2009.

Whilst in Singapore, the Dean, Professor Margaret Abernethy, hosted a small lunch with commerce alumni, attended by the ViceChancellor, Professor Glyn Davis, and Warren Bebbington, Pro ViceChancellor (Global Relations).

International Alumni events Melbourne Leadership Series – Kuala Lumpur On May 6 the first Melbourne Leadership Series event was held in Kuala Lumpur, one of four career development and networking events for younger alumni held in Melbourne, Kuala Lumpur, Singapore and Hong Kong. Alumna Meng Chi (BCom 1978) Executive Chairperson, Hing Yiap, was one of the panel members.

UMAA (Malaysia) 20th Anniversary Gala Dinner 2009 marked the 20th anniversary of the University of Melbourne Alumni Association in Malaysia. The event was celebrated with a gala inner in Kuala Lumpur. Special guests ViceChancellor Professor Glyn Davis, Malaysia’s Minister of International Trade and Industry Dato Mustapa bin Mohamed (BA (Hons) 1974 DCom 1997) and Australian High Commissioner Ms Penny Williams addressed nearly 200 guests over

The Melbourne Leadership Series panel in Singapore

dinner. Malaysian celebrity Xandria Ooi (BCom 2004) was the very glamorous MC for the evening.

Alumni Dinners in India In conjunction with the University’s mission to India in September, receptions were held for alumni and friends hosted by the ViceChancellor, Professor Glyn Davis.

Following these events, commerce alumni were invited to dinners in Bangalore, Mumbai and New Delhi to meet with Advancement Director, Ms Suzanne Dixon.

Alumni Dinner in Dubai An Alumni Dinner in Dubai was hosted by Deputy Dean and Associate Dean (International), Professor Nasser Spear, in October.

Professor Spear met with a small group of alumni based in the region who are interested in developing an alumni network.

Professor Nasser Spear (third from left) with alumni in Dubai

Guests at the 2009 Dean’s Christmas Lunch

Melbourne Leadership Series – Hong Kong In the last of the Melbourne Leadership Series events held overseas, alumni Ms Jasmine Lu (MIntl Bus 2006), Senior Business Development Manager, Victorian Government Business Office and Ms Jackie Wong (BCom 1995), Director Global Associates were two of the panellists at this popular event in Hong Kong.

Annual Report 2009 Outlook 2010 45

Prominent graduates Over 36,000 students have graduated from the Faculty since it was created in 1924. Our Graduates are leaders in business, public policy and academia. Below is a list of current prominent alumni.

Business Mr Ross Adler, Chairman & CEO, Amtrade International Pty Ltd Ms Elizabeth Alexander (AM), Chairperson, CSL Limited Dr Yahya Al Jabr, Deputy Secretary General, Saudi Organization for Certified Public Accountants (SOCPA) Mr John D. Balmford, Consultant, Ernst & Young Mr Ken Barelli, former Managing Director, Pioneer Electronics Australia Pty Ltd

Mr Tim Colebatch, Canberra Economics Editor, The Age

Mr David Kingston, Principal, K Capital Group

Mr William Conn (OAM), Consultant, Merril Lynch

Mr Robert G. Kirby, Chairman, Village Roadshow Corporation Ltd

Mr Laurence Cox (AO), Executive Director, Macquarie Bank Limited

Mr Edmond Lee, Director, Equity Derivatives, Societe Generale, Hong Kong

Mr Timothy Cox, Partner, PricewaterhouseCoopers Mr David Crawford, Allens Arthur Robinson Mr Gerard J Dalbosco, Oceania Managing Partner, Transaction Advisory Services, Ernst & Young

Mr Chris Leptos (AM), Partner, KPMG Mr Leon L’Huillier, Director, Woolworths Group Mr Alwyn Lim, Principal, Alwyn Lim & Co

Mr Matthew Davey, Chief Executive Officer, Virgin Mobile (Australia) Pty Ltd

Mr Alastair Lucas, Vice-Chairman and Managing Director, Goldman Sachs JB Were

Mr Peter Barnes, Director, Ansell Limited

Mr Craig Drummond, CEO & Country Head, Bank of America Merrill Lynch

Ms Sally Macdonald, Managing Director, Oroton Group

Mr Paul Bassatt, Joint CEO and Co-Founder, Seek Ltd

Mr Craig Dunn, Chief Executive Officer, AMP Limited

Dr Ian J. Macfarlane (AC), Director, Woolworths Ltd and former Chairman, Reserve Bank of Australia

Mr Philip Brass, Non-Executive Director, Globe International

Mr Thomas Elliott, Director, M M & E Capital, Pty Ltd

Mr Geoffrey Manchester, Chief Executive Officer, Intrepid Travel

Mr Anthony Burgess, Palladio Partners

Ms Gloria Goh, Partner, Ernst & Young, Malaysia

Ms Michelle E. McLean, CEO, Cornwall Stodart Lawyers

Mr Terrence Arthur Campbell, Executive Chairman, Goldman Sachs JB Were Pty Ltd

Mr Charles Goode (AC), Chairman, ANZ Bank

Mr Dale Monteith, Chief Executive, Victoria Racing Club

Mr Ben Gray, Head of Australia and New Zealand, Newbridge Capital

Mr Hugh Morgan (AC), Principal, First Charnock

Mr Peter Gunn, Managing Director, PGA Group

Mr Valentine C. Morgan, Managing Director, VC Morgan Investments Pty Ltd

Mr Angus Barker, Head of Melbourne M&A, Deutsche Bank AG Australia & New Zealand

Mr Colin B. Carter (OAM), Senior Adviser, The Boston Consulting Group Pty Ltd Mr Alan J. Castleman, Chairman, Australian Unity Mr Robert Champion De Crespigny (AC), Chairman, Mineral Securities Mr Dick Chan, Executive Chairman, Anglo Eastern Plantation PLC, UK Mr Guan Seng Chan, Managing Director, J F Apex Securities Bhd, Malaysia Mr Mark Chiba, Chairman, Longreach Group

46 Annual Report 2009 Outlook 2010

Mr Richard Hong, Director, BETA Software Technologies Mr Brian F Horwood, Chairman, Oil Search Ltd Ms Merran Kelsall, Director, Melbourne Water Corporation Mr Russell Kennett, Managing Director, State Street Bank and Trust Company

Mr Rupert Myer (AM), Chairman, Myer Family Company Pty Ltd Mr Andrew Raftis, Senior Vice President of Internal Audit, AXA Financial Inc Mr Tjahaja Riady, Deputy Chief Executive Officer, Lippo Karawaci Mr Paul Rizzo, Non-Executive Director, Bluescope Steel

Mr Irvin Rockman (CBE), Chairman, Northrock Group Mr Peter Scanlon, Founder, Scanlon Foundation

Public Service The Hon John Brumby, Premier of Victoria, Department of the Premier

Mr Anthony Shepherd, Chairman, Transfield Pty Ltd

Mr Michael Carmody (AO), Chief Executive Officer, Australian Customs Service

Ms Naomi Simson, Founder and CEO, RedBalloon Days

Ms Sally Capp, Agent-General, Victorian Government, London UK

Mr Asgari Stephens, Principal, Intelligent Capital Sdn Bhd

His Excellency Mr Jeffrey Hart, High Commissioner, Australian High Commission (Nigeria)

Mr James Sutherland, Chief Executive Officer, Cricket Australia Dato Toh H. Tan, Chairman, Gimo Holdings Sdn Bhd, Malaysia Mr Christopher Thomas, Managing Partner, Egon Zehnder International SA Mr Evan W. Thornley, Managing Director, Pluto Press Australia Mr Richard Tsiang, Senior Vice President, Chief Financial Officer, MGM Grand Paradise Limited Mr Darryl Wade, Director and Co-Founder, Intrepid Travel Mr Kevin Wale, President and Managing Director, General Motors China Group Mr Freeman Wang, Managing Director, Hong Kong Oriental Resources Investment Ltd Mr Brian Watson, Executive Chairman, Georgica Associates Pty Ltd The Hon Mr David White, Director, Hawker Britton, Melbourne Mr Kevin Wong, Chairman, JP Morgan Chase Bank Bhd, Malaysia Dr Peter Yates, Director, Allco Equity Partners

The Hon Senator Rod Kemp, Senator for Victoria, Senate The Hon Jenny Macklin, Minister for Family, Housing, Community Services and Indigenous Affairs, House of Representatives Professor Carrick Martin, Chairman, Professional Standards Board for Patent and Trade Marks Attorneys, IP Australia Dato Mustapa bin Mohamed, Minister of International Trade and Industry, Prime Minister’s Department, Malaysia Mrs Brenda Shanahan, Chairperson, St Vincent’s Health The Hon. Tony Smith, Shadow Assistant Treasurer, House of Representatives Senator Mechai Viravaidya (AO), Founder and Chairman, Population and Community Development Association, Thailand Mr Ian Watson, Senior Deputy President, Australian Industrial Relations Commission Dr Lynne Williams, Deputy Secretary, Economic and Financial Policy Division, Department of Treasury and Finance Emeritus Professor Ross Williams, Professorial Fellow MIAESR, University of Melbourne; Member, Commonwealth Grants Commission, Australian Government, Higher Education

Education Professor Max Corden (AC), Professorial Fellow, Department of Economics Professor Jayne Godfrey, Deputy Dean – Research, Faculty of Business and Economics, Monash Professor Robert Gregory (AO), Head, Economics Program, Australian National University Emeritus Professor Geoffrey Harcourt, Jesus College, Cambridge University The Hon Emeritus Professor Joe Isaac (AO), Department of Management and Marketing, The University of Melbourne Professor Stewart Leech, Head of Department of Accounting and Information Systems, University of Melbourne Dr Fred McDougall, Deputy Vice-Chancellor (Academic), University of Adelaide Professor Gary Sampson, Visiting Professor, INSEAD Professor Richard Southby, Executive Dean and Distinguished Professor of Global Health, George Washington University

Australia Day Honours 2010 Mr David G Boymal, AM – BCom (1962) For service to accountancy and to the development and implementation of financial reporting standards in Australia.

Mr Simon C Price, OAM – BCom (1954) For service to the community through the Malvern Elderly Citizens Welfare Association and to Rotary.

Annual Report 2009 Outlook 2010 47

Internationalisation During 2009, the Faculty maintained its record of strong international applications and enrolments drawn from around the world. There was an increase in the number of international students – 3,848 studying across the complete range of programs and 80 nationalities represented among our student body. We continue to expand our strong global network of partner institutions with top universities, especially those with key strengths in Business and Economics disciplines.

This solid partnership network enabled the Faculty to continue to attract high profile academic visitors from around the world.

Diversity is a key priority in the Faculty’s international strategy. The annual marketing calendar aims to include not only a significant presence in major markets such as China and India, but also profiling and marketing activities in other key markets such as Europe and Latin America. The Faculty’s scholarship program seeks to provide study opportunities for excellent students from around the world, as well as targeting top students from selected partner institutions.

48 Annual Report 2009 Outlook 2010

Some of our internationalisation highlights in 2009 included: Y introduction

of Hong Kong Industry Project

Y introduction

of internship opportunities in partnership with the French Embassy and French companies.

Y victories

for BCom students in international case competitions – Citi International

Y Case

Competition Hong Kong University of Science and Technology and the Marshall International Case Competition, University of Southern California.

Y signing

of a MOU and exchange agreement with IIM Calcutta and IIM Ahmadabad.

Y signing

of an articulation agreement with CERAM Business School, France.

Y signing

of an articulation agreement with Ecole Central, France.

Y signing

of an articulation agreement with Nankai University, China.

Study abroad and exchange opportunities An important part of the Faculty’s and University’s internationalisation agenda is ensuring that our students have a genuinely international experience, both through the international 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 2009, 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 2009, 100 Masters students successfully completed the newly introduced intensive Global Business Practicum (GBP) subject.

The destinations were Singapore, Kuala Lumpur, Beijing and Bangkok.

Continuing in 2010 to the same four cities and aiming to expand 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.

“My main goals in choosing to participate in the GBP were to gain industry experience and improve my soft skills like communication and team management skills.”

Amber Jain, MBIT, Kuala Lumpur July 2009.

“The students were willing to practice and eager to learn.

They had good business insight and were result oriented” Jason Qui, Learning & Development Manager, Cadbury China.

Hong Kong and Shanghai Industry Project 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. This was called the Hong Kong Industry Project.

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. Students also had the opportunity to meet distinguished alumni in Hong Kong.

Following positive feedback from students, staff and the companies involved, a second program is being developed to Shanghai in July 2010.

This program has been proposed as a for-credit subject for 2011 to run in the summer and winter vacations

Veolia International Internship An exciting international internship opportunity has been created as part of a new partnership agreement signed in 2009 between the Faculty and the French Embassy.

Collaborating with a French company, the internship includes a six month placement at the company’s head quarters in France followed by six months working in their Melbourne office. In 2010, the first internship was arranged with Veolia Transport who welcomed a Bachelor of Commerce student into their Paris office as a Junior Business Development Co-ordinator for six months followed by an internship at their Melbourne office.

Annual Report 2009 Outlook 2010 49

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 University of Vienna

Denmark University of Copenhagen

Brazil University of São Paulo**

Estonia University of Tartu

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

Finland University of Helsinki

Chile Adolfo Ibañez University* Pontificia Universidad Catolica*** University of 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* Czech Republic Charles University Colombia Universidad Los Andes**

50 Annual Report 2009 Outlook 2010

France 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 Germany Albert Ludwigs University of Freiburg Free University of Berlin Humboldt University Rupert Charles University of Heidelberg Technical University of Berlin Technical University of Munich India Indian Institute of Science Indian Institute of Management Ahmadabad* Indian Institute of Management Calcutta* Jawaharlal Nehru University (JNU)

Ireland Trinity College Dublin University College, Dublin (U21) Israel The Hebrew University of Jerusalem Italy Ca’ Foscari University of Venice ‘Luigi Bocconi’ University of Commerce* University of Bologna University of Siena University of Trento Universita Degli Studi di Padova Japan Doshisha University Hitotsubashi University Kanazawa Institute of Technology** Keio University Kyoto University Osaka City University Ritsumeikan University Sophia University Tokyo Institute of Technology Waseda University Korea Sungkyunkwan University – SKKU School of Business* Korea (South) 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

Poland Jagiellonian University

Lithuania Vilnius University

Singapore Nanyang Technological University National University of Singapore (U21)

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 The Netherlands Erasmus University of Rotterdam (School of Management)* Leiden University University of Amsterdam University of Utrecht** New Zealand University of Auckland (U21) Norway NHH – Norwegian School of Economics and Business Administration* University of Oslo Oman Sultan Qaboos University Phillipines University of the Phillipines

Spain ESADE Business School, Ramon Llull University* University of Granada University of Salamanca Complutense University of Madrid Sweden Lund University (U21) Uppsala University Taiwan National University of Taiwan Thailand Chulalongkorn University Thammasat University* Switzerland University of Geneva United Kingdom Heriot-Watt University* King’s College, University of London Lancaster University 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

USA Boston College Georgetown University New York University (Stern School of Business)* Pennsylvania State University University of California: – Berkeley – Davis – Irvine – Los Angeles – Riverside – San Diego – Santa Barbara – Santa Cruz University of Illinois at UrbanaChampaign University of North Carolina at Chapel Hill University of Pennsylvania University of Southern California (Marshall School of Business)* Washington University in St Louis (Olin School of Business)* Rutgers University *These agreements are Faculty level only. **These agreements are restricted to graduate research mobility opportunities only. Students interested in visiting these institutions should contact the institution directly. ***These agreements are Faculty and University wide agreements.

(U21) denotes a 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 website for the most current information.

See: www.mobility.unimelb.edu.au/ goabroad/partners.html

Annual Report 2009 Outlook 2010 51

Academic and Professional Staff Dean and Associate Deans

Professor of Management Accounting

Dean, Faculty of Business and Economics; and Director, Graduate School of Business and Economics Deputy Dean (until June 2009)

Lillis, Anne: MCom PhD Melb Research interests: Management control systems design, strategy and performance management, evaluating strategic capital expenditures, corporate downsizing, structural cost management.

Professor Jeff Borland

Professor of Accounting

Deputy Dean (July 1 until present) Assistant Dean

Clinch, Greg: BEc (Hons) MEc Monash, PhD Stanford Research interests: Financial accounting, accounting information in capital markets.

Associate Professor Carol Johnston

Associate Professors

Associate Dean (Academic Programs)

Coram, Paul: BEc Flinders, GDipEd Adel, MAcc UWA, PhD ANU Research interests: Audit quality, behavioural research in assurance and financial accounting, accounting education.

Professor Margaret Abernethy

Professor Nasser Spear

Professor Greg Whitwell

Associate Dean (International) Professor Nasser Spear

Associate Dean (Research)

Head of Department and Fitzgerald Chair of Accounting

Davern, Michael: BCom Tas, PhD Minnesota Research interests: Managerial decision making and support, risk management, appropriation of business processes and technology, business value of information technology, accounting information systems.

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

Dowling, Carlin: BCom Tas, PhD Melb Research interests: Audit support systems, system restrictiveness, audit technology use, audit firm control.

Professor Ian King

Accounting and Business Information Systems

Dean of Economics and Commerce 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 systems in manufacturing and service industries.

G.L. Wood Professor of Accounting Spear, Nasser: BEc Syria, MSc PhD N. Texas Research interests: Capital marketsbased 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: Business information systems, business forensics, economics of auditing and auditor behaviour, fraud and corporate governance.

52 Annual Report 2009 Outlook 2010

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: Contracting research, accounting for public sector entities, international financial reporting, the development of financial reporting regulations.

Senior Lecturers Cobbin, Phillip: BBus RMIT, MCom (Hons) MEd Melb, DipEd SCVic Research interests: Market for audit services, the history of the accounting and auditing particularly where accounting and auditing history intersects with contemporary military history from lateVictorian times to the present.

Grafton, Jennifer: BCom PhD Melb Research interests: Management control system design and use in the not-forprofit 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: Systems reliance, accounting information systems, decisional guidance, decision support systems.

Sridharan, Viravalli Govindarajan: BCom Bharath, PhD Auckland Research interests: Economics of managerial accounting systems, strategycontrol systems interface within firms.

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

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

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.

Coralluzzo, Anthony: BCom (Hons) Melb Research interests: earnings management, market efficiency.

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.

Hu, Zhengwai: BCom (Hons) Melb 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

Sharma, Naman: BCom Melb

Fellows

Wallace, Sandra-Lee: BBus MFM PhD Qld Research interests: Management accounting, cost accounting system design, contingency theory, total quality management implementation.

Taylor, Alexandra: BCom Melb

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

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 Chinese University of Hong Kong Research interests: Corporate governance, corporate finance, accounting quality, corporate disclosure, international accounting

Teaching Fellows Boys, Noel: BBus RMIT GDipEd Hawthorn, GDipEd (Student Welfare) Melb Cusack, Greg: BBus RMIT DipEd RMIT, 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 Balai, Fiodor: BCom Melb Chin, Yi Wen: BCom Melb Deller, Carolyn: BCom Melb Fedai, Adam: BCom Melb (from December 2009) Gosain, Priyanka: BCom Melb Hoggan, Michelle: BCom Melb Hu, Yi Ming: BCom Melb

Tomar, Sorabh: BCom Melb Yi, Dawei: 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.

Stevenson, Kevin: BCom MBA Melb

Professional Staff Anderson, Sherryl: MBA MCom Law Deakin Department Manager Anthony, Sarah: BA (Hons) Monash Melb, MA Deakin Academic Services Officer (to August 2009) Barnes, Sophie: BA GDipBus Edith Cowan Manager, Academic Services Carbone, Cathy Front Office Administrator

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.

Ligris, Sheena: Cert III BusAcc Cert IV Train&Assess TAFE Administrative Officer

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.

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.

Decolongon, Jennifer: DipDramArts VCA, BA Melb Research Administrator (to July 2009) Gravier, Lachlan: BBus LaTrobe Finance and Resources Officer (to September 2009)

McMahon, Julee Project Officer McNamara, Kerry Front Office Administrator Mitchell, Steven: BA DML Melb Academic Services Officer (to August 2009) and Personal Assistant to the Head of Department (from August 2009) Robinson, Lorel: Cert III BusAdmin TAFE Personal Assistant to the Head of Department (to August 2009) Smith, Vicki: BA Melb Academic Services Officer (from August 2009) Stagnitti, Jessica: BDevSt (Hons) LaTrobe Research Administrator (to July 2009)

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

Senior Fellows

Linggo Liong, Joana: BCom Melb

Alfredson, Keith: BCom Qld, AAUQ FAICD FCA FCPA FNIA

Sakr, Joseph: BCom Melb (from December 2009)

North, Scott: BCom MBIT Melb

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.

Kavourakis, James: BCom Melb Raffa, David: BCom Melb

Newlan, Dean: BCom Melb, MCorpLaw RMIT

Bouwens, Jan: MFin PhD Tilburg

Annual Report 2009 Outlook 2010 53

Department of Economics

Professors of Econometrics

Head of Department and Professor of Economics

Griffiths, William: BAgEc (Hons) UNE, PhD Illinois, FASSA Research interests: Applied Bayesian econometrics.

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, 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.

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.

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.

Truby Williams Professor of Economics Creedy, John: BSc Brist, BPhil Oxf, FASSA Research interests: Income distribution, public economics, labour economics, history of economic analysis.

54 Annual Report 2009 Outlook 2010

Martin, Vance: BEc (Hons) MEc PhD Monash Research interests: Econometrics, time series analysis, monetary economics, macroeconomics.

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.

Lim, Guay: MEc Adel, PhD ANU Research interests: Macroeconometrics, financial econometrics, DSGE models.

Norman, Neville: BCom (Hons) MA Melb, PhD Camb Research interests: Industrial pricing as influenced by tariffs, exchange rates and world price movements, post-keynesian industrial and international economics, trade practices economic issues and the economics of e-commerce.

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

Raimondo, Roberto: Laurea Milan PhD (Mathematics) SUNY, PhD Berkeley Research interests: Economic theory, financial economics.

Professorial Fellows

Readers/Associate Professors Cameron, Lisa: BCom (Hons) MCom (Hons) PhD Princeton Research interests: Development economics, Asian economies (especially Indonesian), applied microeconometrics, labour economics.

Gangadharan, Lata: BA (Hons) Delhi University, MA Delhi School of Eco, PhD USC Research interests: Experimental economics, environmental economics, institutions and development.

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.

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.

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

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

Senior Lecturers De Fontenay, Catherine: BA (Hons) McGill, PhD Stanford Research interests: Development economics, industrial organisation, theoretical and empirical bargaining theory.

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

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.

Loertscher, Simon: MA PhD Bern Research interests: Industrial organisation, mechanism design, political economy.

Smith, Rhonda: BCom (Hons) MA (Hons) DCom Research interests: Economics of trade practices, economic policy towards industry.

Lecturers and Research Staff

Honorary Appointments

Andalon, Mabel: BA (Hons) UDLA-P Mexico, MA MS PhD Cornell Research Interests: Health Economics, Development Economics, Labour Economics.

Professors Emeritus

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

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

Lloyd, Peter: MA Vic NZ PhD Duke FASSA Perkins, James: MA PhD Camb MCom FASSA

Professorial Fellows Corden, Warner Max: BCom (Hons) MCom Melb, PhD LSE, FASSA FBA AC Gans, Joshua: BEc Qld, PhD Stanford MacFarlane, Ian: BEc (Hons) MEc Monash

Haddad, Leonie: AdvDipBus Finance and HR Officer Karunarathne, Wasana: BA (Econ) University of Peradeniya, MA (Econ) University of Colombo, PhD (Econ) NUS Tutor Coordinator Khan, Nahid: MCom Melb, MSocSci (Econ) BSocSci (Hon Ec) University of Dhaka Tutor Coordinator and Undergraduate Support Officer Koleva, Viktoriya: BA Sofia MA (SocResearch) Warwick Laboratory Manager, Experimental Lab

Coelli, Michael: BCom (Hons) UNSW, MA PhD British Columbia Research interests: Labour economics, applied microeconometrics, public economics, economics of education.

Williams, Philip: MEc Monash, PhD LSE

Jacobi, Liana: MA PhD Washington University St. Louis Research interests: Econometrics, Bayesian inference, health and labour economics.

Johnston, Carol: BCom BEd MEd PhD

Lo, Victor: BEng (Geomatics) UNSW, MTech RMIT Web Development Officer

Nieuwenhuysen, John: MA Natal, PhD London, FASSA

Lombardo, Rosemary Academic Services Officer

Wheatley Price, Stephen: BA MA PhD Leicester

MacKinnon, Lesley: RN RM NNPC DipSocSci (Welfare) BHealthSci (Nursing Post Registration) Administrative Support Officer, Distance Education

Li, Shunyun (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.

Nikiforakis, Nikos: BA (Bus) Athens, MA PhD London Research interests: Experimental economics, behavioural economics, industrial organisation, public economics, game theory.

Olivia, Susan: BMS (Hons) MMS (Hons) Waikato, PhD (UC Davis) Research Interests: Development Economics, applied econometrics, spatial econometrics, geographic information science.

Shah, Manisha: PhD UC Berkeley Research interests: Development economics, applied microeconomics, health economics.

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.

Principal Fellows Ironmonger, Duncan: MCom PhD Camb Jennings, Victor: BEng OBE

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 Jones, Anna: BA (Hons) Med PhD Melb

Leong, Colemann: CBE&ACE RMIT, PGDipCompSci Swinburne Web and System Support Officer

Perez, Kathryn: DipInfoTech& Multimedia Bendigo TAFE Manager, Economic Design Network Qin, Rosy Finance and HR Officer Smith, Belinda: BA BSc Melb Personal Assistant to the Head of Department Vancuylenburg, Sanjeeva: DipTech (Computing) Homesglen Web and System Support Officers

Stoneham, Gary: BCom MA Qld Terrill, D. I.

Centre for Actuarial Studies

Professional Staff

Director and Professor of Actuarial Studies

Philip, Preeta: MBA Andrews Department Manager Bacher, Heidi Manager, Academic Support Services Chart, Michelle: Cert3BusAdmin TAFE NSW Personal Assistant to the Head of Department Collins, Suzie: BTeach (Primary) BA Deakin Academic Services Officer Fauzi, Fauzi: BIT CQU IT Systems Support Gouletsas, Persefoni: BBusAdmin RMIT Coordinator Administrative Support Services

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

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.

Annual Report 2009 Outlook 2010 55

Senior Lecturers

Professor of Finance

Senior Lecturers

Li, Shuanming: BSc Tianjin, MEc Renmin, PhD Concordia Research interests: Risk and ruin theory, stochastic modelling in insurance and finance, actuarial science.

Brown, Robert: MEc Syd, FCPA SF Fin Research interests: Interest rate swaps, analysts’ forecasts, management and regulation of financial intermediaries, real estate analysis.

Brown, Rayna: BA Macq, MCom (Hons) PhD Melb, SA Fin Research interests: Regulation of financial institutions, real estate finance.

Pitt, David: BEc BSc Macquarie, PhD ANU FIAA Research interests: Analysis of disability income insurance portfolios, stochastic modelling in actuarial science.

Deputy Head of Department (Research) and Professor of Finance

Lecturers Chen, Ping: BAM (QUfu), MSc (CAS), PhD Hong Kong Research Interests: Actuarial Science, Financial Mathematics, Statistical and Information.

Wu, Xueyuan: BSc MSc Nankai, PhD HKU Research interests: Correlated risk models, ruin theory, recursive calculations for ruin probabilities.

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 Gribble, Jules: BSc (Hons) Adel, PhD St Andrews, FIAA FCIA FSA Harslett, Grant: BSc (Hons) Adel FIA FIAA ASA Truslove, Allen: BSc (Hons) PhD Monash, MBA Deakin, FIA FIAA

Department of Finance Head of Department 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.

Commonwealth Bank Professor 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.

56 Annual Report 2009 Outlook 2010

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.

Martin, J Spencer: BSc (Highest Honors), MBA Texas, MA PhD Wharton Research interests: Empirical asset pricing, credit risk, investments, behavioural finance.

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.

Deputy Head of Department (Academic) and Associate Professor Handley, John: BCom BMath Newc, 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.

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.

Chng, Michael: BCom (Hons) MCom (Hons) PhD Melb Research interests: Price discovery, cross-market trading dynamics, trading strategies.

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 decision-making.

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.

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.

Gygax, AndrĂŠ: 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.

Department of Management and Marketing

O’Connor, Ian: BBus Chisholm, MBus RMIT, PhD Melb, CPA SA Fin Research interests: Bank efficiency, derivative securities, volatility forecasting.

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

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.

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

Professional Staff Kreitner, Jason: BA NM State MPA JD South Dakota Department Manager Barberoglou, Silvia Academic Services Officer (Postgraduate) Carey, Robin: BSc (Econ) MA (Econ) UC Riverside Executive Assistant Suda, Melanie: BA LLB Melb Executive Assistant Dixon, Helen Office Coordinator Doyle, Joanne Finance and Resources Manager Moir, Wendy: BAppSc (Info Tech) (Hons) CSturt Systems Support Officer Murray, AnnMaree: BAppSci (PhysEd) VU Academic Services Officer (Postgraduate) Porto, Julieanne Academic Services Officer (Undergraduate)

Professor and Head of Department (until September 2009)

Associate Professor and Acting Head of Department (October 2009 to February 2010) Power, Damien: BBus MBus PhD Monash Research interests: Business to business e-commerce, supply chain systems/virtual integration, business process redesign, operations strategy.

Professors Bell, Simon: BCom (Hons) PhD Melb Research interests: Services and relationship marketing, customer loyalty, sales force management, organisational learning, social networks and regional clusters.

Sewell, Graham: BSc (Hons) PhD Wales Research interests: Workplace surveillance, teamwork, business ethics, recent developments in organisation and management theory, qualitative research methods, evolutionary psychology, sociology of work and organization, the impact of the coroners’ recommendations on the prevention of injury and death, employment practices in the private security industry.

Whitwell, Gregory: BEc Monash, PhD Melb Research interests: Environmental uncertainty, the marketing/finance interface, the role of real options thinking in marketing strategy, marketing’s contribution to business strategy and the role of intangible marketing assets, international marketing, especially exporting, understanding customer needs through techniques such as ZMET, social capital and its relevance to marketing activities, electronic marketing.

Zammuto, Raymond: PhD Illinois Research interests: Organisational adaptability to changing industry conditions.

Dick, Howard: BEc (Hons) Monash, MEc PhD ANU Research interests: Asian business, corruption and governance, institutional development, global logistics, urbanisation in the Asia-Pacific, maritime history and policy. Country expertise: Indonesia, Southeast Asia, Japan.

Professorial Fellow

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

Associate Professor and Reader

Harley, William: BA (Hons) PhD Qld Research interests: Industrial relations, HRM, work organisation, high performance work systems, teamwork, labour process theory.

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

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.

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.

Kraimer, Maria: PhD Illinois Research interests: Managing expatriate employees, career issues, and the employee-employer relationships.

Teaching interests include human resource management, compensation, and international management.

Associate Professors Brown, Michelle: BCom (Hons) MA PhD Wisconsin Research interests: Human resource management/industrial relations, pay systems – performance based pay and its implications for employees, unions and organisations, 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.

Annual Report 2009 Outlook 2010 57

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.

Terziovski, Milé: BE (Hons) ME (Hons) W’gong, MBA RMIT, PhD Melb Research interests: Operation management, quality management, value of ISO 9000 and ISO 14000 certification, continuous improvement and innovation management, e-commerce – Euro-Australian collaboration in SMEs, organisational performance, international best practice, reengineering.

Waters, Lea: BA (Hons) PhD Deakin Research interests: The psychological consequences of unemployment and retrenchment, training and development programs for unemployed people, occupational stress, work-family conflict, mentoring.

Zhu, Ying: BEc Peking, PhD Melb Research interests: HRM, international HRM, international business management, economic development in Asia (China, Japan, South Korea, Taiwan and Vietnam), political economy of globalisation.

Senior Lecturers Ainsworth, Susan: BA Hons GDipIR Sydney, GDipEvaluation MCom (Hons) PhD Melb, GCert Ed Studies (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 (Psychology and Sociology) Wisconsin-Madison, Masters in I/O Psychology, 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.

Lei, Jing (Jill): BBA (Hons) NUST, PhD Maastricht Research interests: Brand extension strategies, Brand architecture, Productharm crises, Counterstereotypical product adoption, Convergent high-tech products, Consumer food consumption.

Lim, Elison: BBA (Hons) PhD NUS Research interests: Information

58 Annual Report 2009 Outlook 2010

processing, language effects in advertising, cross-cultural consumer differences, behavioural decision theory.

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.

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

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.

Chmielewski, 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 (Electronic Commerce & 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, and Neuroeconomics.

Hu, Helen: Bsc (Hons) UOL, PhD Monash Research interests: Corporate governance, Chinese business and management, Board of Directors, governance in the Asian region.

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

Mol, Joeri: MSc Erasmus, PhD (Mgmt Sci) Groningen Research interests: Selection mechanisms in markets, power and appropriation in organisations, 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 and choice, decision conflict, customisation strategy and decision making.

Neville, Ben: BCom PGDip PhD candidate Research interests: Corporate social responsibility and business ethics, stakeholder theory and stakeholder management, climate change and environmental issues, consumer issues and marketing ethics, cross-cultural issues in marketing and management.

Osegowitsch, Tom: BA (Hons) Wirtschafts Wien, MCom (by Research) PhD UWA Research interests: Strategies of multinational companies, international business, strategy, HQ-subsidiary relationship.

Sammartino, André: BCom (Hons) PhD Melb Research interests: International business, regionalisation and globalisation, internationalisation of Australian firms and of retailers, 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 management (HRM) in foreign subsidiaries of multinational corporations (MNCs), knowledge management within MNCs, knowledge sharing between expatriate and local staff members at MNC subsidiaries.

Yang, Shu-Jung (Sunny): PhD AGSM UNSW & USYD Research interests: Competitive dynamics in various areas of operations and innovation management such as: supply chain competition and disruption, product development, operations and technology strategy, process improvement and radical innovation.

Professional Staff Short, Wendy: AssDipApSci (Sci Lab) Swinburne, GDipEdAdmin HIE MEdAdmin UNE Department Service Manager

Banford, Alison Academic Services Manager Bryce, Tim: BA Melb Postgraduate Coordinator Donelly, Barbara Front Office Administrator Hall, Bradley Budgets and Resources Officer Heddle, Nicole: AdvDip (Photography) Undergraduate Coordinator Pedley, Sarah: BA (Hons) Melb, DipTeach Perugia Undergraduate Coordinator Roller, Danielle: BA Swinburne Publications and Promotions Coordinator Simon, Denise Executive Assistant

Melbourne Institute of Applied Economic and Social Research Director and Professorial Research Fellow Sedgwick, Stephen: BEc Hons Syd, MSc (Eco) Lond Research interests: Education policy, Commonwealth-state relations, economic and social policy.

Deputy Director and Professorial Research Fellow Wooden, Mark: BEc Hons Flinders, MSc (Eco) Lond 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.

Mavromaras, Kostas: BA Hons Piraeus, DPhil York Research interests: Labour economics, econometrics, economic and social policy, inequality, health economics, obesity.

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.

Principal Research Fellows 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.

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

Senior Research Fellows 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.

Chen, Pu: BEng Shandong, MMgmt PhD (Eco) Bielefeld Research interests: Applied macroeconomics, time series analysis, causal analysis in economics.

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.

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.

Wilkins, Roger: BCom Hons MCom Melb, MSc Wisc, PhD Melb Research interests: Labour economics, income inequality and poverty, microeconomics, applied microeconometrics.

Yong, Jongsay: BA BSocSc Hons MSocSc NUS, MA PhD Brit Col Research interests: Health economics, industrial economics, happiness and subjective well-being research, productivity analysis.

Research Fellows Buddelmeyer, Hielke: MA Vrije, PhD NYU Research interests: Applied microeconomics, labour supply, applied econometrics, behavioural microsimulation.

Chua, Michael: BEc Hons PhD UNE Research interests: Bayesian inference, forecasting, applied macroeconomics.

Claus, Edda: BA (Eco) McGill, MSc UMontrĂŠal PhD, ANU Research interests: Macroeconomics, financial economics, applied econometrics.

Freidin, Simon: BBSc Hons GDipCompSc LaTrobe HILDA Survey Database Manager and Analyst

Goode, Alison: BA Hons Newcastle Upon Tyne, MSc Aberdeen Research interests: Obesity, lifestyles and behaviours, public health issues.

Herault, Nicolas: BSc (Eco) MSc (Eco) PhD Bordeaux IV and Toulouse I Research interests: Microsimulation modelling, micro-macro modelling, labour supply and trade liberalisation.

Jeon, Sung-Hee: BA Ewha Womans, MA PhD York (Toronto) Research interests: Applied microeconomics, health human resources, social and health policies.

Kostenko, Weiping: BIS Beijing Jiaotong MEco Guangdong Academy of Social Science Research interests: Microeconometric models with applications to labour, migration and health economics.

Lee, Wang-Sheng: BA (Eco) Colby, MA Michigan, PhD Melb Research interests: Program evaluation, applied microeconometrics, government transfer programs and happiness economics.

Palangkaraya, Alfons: BSc UMo, MA Penn St, PhD Ore St Research interests: Industrial organisation, health economics, econometrics.

Polidano, Cain: BAgricEcon (Hons) LaTrobe, MAgric Econ Syd Research interests: Applied microeconometric analysis, youth transition issues, education and training policy, participation and benefits of volunteering and climate change adaptation.

Schurer, Stefanie: DiplPol Potsdam, MSc Econ York, PhD Econ RGS Econ Research interests: Microeconometrics, health economics.

Sivey, Peter: BSc (Eco) MSc (Health Economics) York Research interests: Microeconomics, health economics, applied microeconometrics, specifically discrete-choice modelling, non-linear panel data methods, industrial economics applied to health care markets.

Tsiaplias, Sam: BCom (Hons)/LLB Deakin, PhD Melb Research interests: Macroeconomics, financial economics, econometrics, forecasting.

Watson, Nicole: BSc UWA, GDipMgtSc Canberra, MMedStat Newcastle Deputy Director Survey Management, HILDA Project

Survey Manager Leahy, Anne: BCom GCertClassics Melb

Annual Report 2009 Outlook 2010 59

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 (education and labour supply).

Hahn, Markus: German Diplom (Eco) Ruhr Research interests: Labour economics, economics of poverty and well-being, applied econometrics.

Research Officer (HILDA) Ittak, Peter: BSc BEc Monash Database Support Officer (HILDA) Summerfield, Michelle: BSocSci Edith Cowan Database Support Officer (HILDA) Sun, Claire: BSc BCom Auckland HILDA Survey Methodologist Tyrrell, Lauren: BPub Policy/Mgmt (Hons) BA (Media&Comm) Melb Research interests: Employment assistance, welfare to work pathways, intermediate labour markets and social and community enterprise, employment retention and advancement for low paid workers. van Zijll de Jong, Mark: BCom (Hons) Lincoln Research interests: Labour economics and taxation.

Vu, Ha: BEc Newcastle, Hons ANU Research interests: Applied econometrics, social policies and labour economics.

Warren, Diana: BCom MCom (Hons) W’gong Research interests: Labour economics, mature age labour force and the transition to retirement.

Freebairn, John: BAgEc MAgEc NE PhD Davis, FASSA, Ritchie Chair in Economics, Department of Economics, The University of Melbourne

Hope, Penelope: BA LaTrobe Functions Manager

Griffiths, Bill: BAgEc Hons UNE, PhD Illinois FASSA, Professor of Econometrics, Department of Economics, The University of Melbourne

Lentini, Nellie: BA Monash Publications Manager

Professorial Fellows 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

Howard, Cliff: BCom Melb Communications and Publicity Manager

Liew, Woei Tian: BSc MSc LaTrobe, GDipEc Melb Computing Systems Officer Madsen, Paula Administrative Officer, Labour Economics and Social Policy Thomason, Sharna: BSocSci GCert Policy and Human Services RMIT Executive Assistant Wilson, Michelle: BA (Hons) Melb Administrative Assistant

Duncan, Alan: BA Hons Manc, DPhil York, Professor of Microeconomics, School of Economics, The University of Nottingham

Faculty Secretariat

Sloane, Peter: BA (Eco) (Hons) Sheffield, PhD Strathclyde, FRSA FRSE, Director, Welsh Economy and Labour Market Evaluation Centre (WELMERC), The University of Wales, Swansea

Loi, Aileen: BCom MIB Chartered Accountant (ICAA, ICANZ)

Williams, Ross: BCom Melb, MScEc PhD Lond, FASSA

Principal Fellows Crosby, Mark: BEc (Hons) Adel, MA PhD Queens, Associate Professor – Economics, Melbourne Business School Headey, Bruce: BA Oxf, MA Wisc, PhD Strath Marks, Gary: BSc Hons MSc Melb PhD Qld Shields, Michael: BA Hons Stafford, MSc Health UNY, PhD Leic, Associate Professor and Reader, Department of Economics, The University of Melbourne

General Manager, Faculty of Business and Economics

Executive Director, Graduate School of Business and Economics Young, Brooke: BA LaTrobe PGDip (ArtCurSt) MEnterprise (Exec) Melb

Director, Advancement, Faculty of Business and Economics Dixon, Suzanne: BCom DipEd Hawthorn Institute, MBA VUT

Professional Staff Tinworth, Koby Executive Assistant to the General Manager and Associate Dean (Academic Programs) Vellu, Phyllis: MA India Executive Assistant to the Dean

Senior Fellows

Advancement and Marketing

Doiron, Denise: BA Monc MA PhD UBC, Department of Economics, The University of New South Wales

Abud, Fiona: BSci(SEAP) RMIT, GradCert Dev, MIB Melb Development Manager (Advancement) Barrier, Lorine: MAppCom(Mktg) Melb Advancement Services Assistant

Research Assistant

Rogers, Mark: BSc Lond MSc Warw, PhD ANU, Harris Manchester College, Oxford University

Ware, Kerry

Professional Staff

Honorary Appointments

Auster, Nicky: BBus BA Monash Administrative Assistant, HILDA

Zakirova, Rezida: MSc (Math) Moscow, ABD MA (Eco) CEU Research interests: Development, labour economics, international trade, applied microeconomics.

Adjunct Professors Borland, Jeff: MA PhD Yale, FASSA, Department of Economics, The University of Melbourne Creedy, John: BSc (Eco with Stats) Brist, BPhil (Eco) Oxf, FASSA, Truby Williams Chair of Economics, Department of Economics, The University of Melbourne

60 Annual Report 2009 Outlook 2010

Best, Michelle: BEnvSc LaTrobe Administrative Assistant Derham, Rachel: BSc GCertUniMgmt Melb Business Manager Goh, Theresa: BBus (Bus Admin) MPA RMIT, ASA Finance and Resources Manager

Barry, Anthea: BA UCT GCertLinguistics PGCertEditing&Comms Melb Advancement Alumni Officer Chang, Nooi: BA (Hons) Malaya, MEPA Monash Manager (International) Choong, Eddie: BBusStud VU, CPA International Marketing Manager Cox, Chantelle: BA MT (Web and Internet Computing) RMIT Web Developer Ellis, Tracy: BA Swinburne Academic Programs Manager, Research Higher Degrees

Gillman, Kylie: BA (Hons) Melb Communications Manager

Hayes, Jemimah Student Adviser

Gravier, Lachlan: BBus LaTrobe Services Transaction Manager

Hanson, Brad: BA Monash, GDipMktg MBus (Mktg) RMIT, CPM Manager, Marketing and Communications

Hoare, Jacqui: BCom(Mgmt) GradCert Multimedia Swinburne Capstone Studies Coordinator

Hall, Bradley Senior Finance Officer

Hoare, Jacqueline: BCom (Mgmt) Melb Executive Officer (Marketing)

Jeyaraj, Latha: BA UNE, GDipInfoMgmt RMIT Student Experience Officer

Jenkins, Alison: BA BEd Deakin, BA (Hons) Manager (External Relations) Lawry, Fiona: GDipFineArt Melb, BFineArt ANU Communications Manager McCormick, Chrissy Scholarships & Prizes Officer Migallos, Patricia: MAppCom(Mktg) Melb Communications Officer Roller, Danielle: BA Swinburne Publications and Promotions Coordinator

Kritikakos, Evangelos: BA (Hons) PhD Monash Manager, Student Services Acting Manager, Student Experience Laughlin, Kylie: BA (Crim) PGDipArts(Crim) GCertUniMgt Melb Manager, Academic Policy and Programs McPharlin, Susan: BA BCom Adel Manager, Student Experience Meredith, Catherine: BA (English) Curtin Manager, Student Experience

Vucetich Karibian, Rocio: BBusAdmin Peru International Marketing Manager

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

Business and Economics Careers Centre

Navon, Catherine: BA (Political Science) Monash, GDipArts Melb Student Adviser

Banyasz, Agnes: MA DipEd ELTE Budapest, GDip (Careers) Deakin Manager, Business & Economics Careers Centre Elliott, Eufemia: BA BCom Melb Internship Coordinator Martini, Sarah: BA LaTrobe Careers Programs Officer Arnold, Lawrence: BA (Hons) Qld, GDipEd Melb Careers Consultant Elston, Sue: B MusEd Melb, Cert IV in Workplace Training Careers Consultant

Commerce Student Centre Bennett, Sharyn: BA (IntStud) RMIT Global Mobility Coordinator Benetti-Hille, Marika: BA LLB Monash, BSW Melb Student Experience Officer Barrie, Craig: BA LaTrobe, PGDip MA Student Experience Project Officer Boardman, John: BA SUNY Team Leader, Student Services

Pecoraro, Francesca: BA (Media Studies) RMIT, GCertUniMgt Melb Manager, Commerce Student Centre Robertson, Katie: DipSocSci (Justice) DipAppSc Box Hill TAFE Senior Student Adviser Singh, Isha: BCom Advertising (Creative) RMIT Student Services Officer Shears, Monique Professional Enhancement Officer Smith, Victoria: BA Enquiries Officer Stahli, Simone Amy: BSocSci (Youth Work) RMIT Enquiries Officer Thompson, Clare: BA Monash, DipCIS RMIT Senior Student Adviser

Finance and Resources Banovac, Marica: BSc (Psych) DipEd (Sec) LaTrobe Project Officer (Finance)

Qin, Rosy: BCom (Accounting and Finance) GDipEd Melb Finance and Resources Officer Reece, Rebecca: BBus Swinburne, CPA Financial Controller Rycroft, Anna: BA (Urban Studies/ Social Science) VU Finance and Resources Officer Tan, Michael Building Porter

Graduate School of Business and Economics Collis, Stephen Manager, Graduate School of Business & Economics Douglas, Jean Student Services Officer Douglas, Victoria: BBiomed TAS, GradCertArts Melb Academic Programs Officer (Master of Management programs, MPA and MAC programs) Gilfillan, Nick: LLB (Hons) Master of International Politics Enquiries Officer Gooding, Tyler Admissions Officer Hamilton, Amanda: BA (Linguistics) Deakin Academic Programs Manager (Economics, Finance and Management) and (Master of Accounting) Herczeg, Margaret Admissions Manager Jenzen, Rachel: BA (Hons) MA (History) Manager (Policy and Projects), Graduate School of Business & Economics Jose, Sabina Academic Programs Manager (Master of Management Programs, MPA, MAC Programs and MBIT) Jovanovski, Sokola Academic Programs Manager (MBIT and Master of Accounting Programs)

Buykx, Gerard: BBus (Acc) VU, CPA Business Analyst

Lascelles, Scott: BBus (HospMgmt) LaTrobe Executive Officer, Student Services

Clark, Leonie Student Adviser

Dougherty, Elizabeth: BBus (Acc) VU, GCertUniMgt Melb, CPA Management Accountant

Martini, Daniel: BA LaTrobe Academic Programs Officer (Economics, Finance and Management)

Dun, Andrew: BCogSci (Hons) UWA Student Experience Officer

Doyle, Joanne: BBus (Acc) M Financial Accountant

Marriner, Alana Enquiries Officer

Gilleard, Rachel: BA Position: Executive Officer (Academic Policy and Programs)

Georgesz, Mark: BEc LaTrobe, MApp Com (Mktg) Melb Executive Officer (Resources)

Segar, Shalini: BA (History) Admissions Officer

Brennan, Rachael Emily: BA BCom Qld Enquiries Officer

Annual Report 2009 Outlook 2010 61

Serpell, Elizabeth Executive Assistant to Executive Director

Nguyen, Thu: BBIS VUT IT Resources Officer

Trajcevska, Vesna Course Adviser

Nguyen, Trisan Trainee Support Officer

Beaumont, Tim: BA Adel, GDipEd LaTrobe, MEd RMIT Learning Support Officer

Tran, Kim-Vy Student Services Officer

Nguyen, Trung System Support Officer

Carter, Dorothea Maths Tutor

Young, Brooke: BA LaTrobe PGDip (ArtCurSt) MEnterprise (Exec) Melb Executive Director, Graduate School of Business & Economics

Peluso, Daniel: BBus (InfoSystems) VUT Core Services Architect

Davies, Martin: BA Deakin, RSA CELTA Cambridge, BA PhD Flinders, GDipEd PhD Adel Acting Director

Information Services

Pham, Quynh: BSc GDipEcons Monash Systems Support Officer

Adziovski, Michael Trainee Support Officer Air, Alister: BAppSc UTS Faculty IT Manager Andonov, Paul Application Service Manager Chan, Steven: Cert IV IT VUT Systems Support Officer Do, Nghia: BElectEng RMIT Systems Support Officer Everett, Michael: BSc (MathComp) AssDip (BusComp) VU Applications Developer Fauzi, Fauzi 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 Lam, Chau Service Desk Administrator Lazo, Alfredo: BSc (Eng) MInfoTechMgt Lima Core Services Specialist (Client Support Manager Jan-Apr 2010) Leong, Colemann Systems Support Officer Lloyd, Amanda: BBus (InfoSystems) VUT, GCUM Melb IT Operations Manager Lo, Victor: MTech RMIT, BEng (Geomatics) UNSW Applications Developer Majczak, Daniel: DipHospMgt William Angliss, BBus (InfoSystems) VUT, MCP IT Resources Manager Mattvey, Michael System Support Officer Mohyadin, Abdi IT Resources Officer Moir, Wendy: BAppSc (InfoTech) (Hons) CSturt Service Desk Administrator Nguyen, Fusan (Fu) IT Projects Officer

62 Annual Report 2009 Outlook 2010

Pham, Maggie: BBus (InfoSystems) Service Desk Manager

Phan, Van: BCompSci VU Applications Developer Rodriguez, Fernando: DipIT Box Hill TAFE MCP MCSA Core Services Specialist Sharma, Sanjay: MSc India PGDipCompSysEng RMIT Web Services Manager Shen, Aileen IT Resources Officer Sivathash, Bala: MSc (UK) BEng India MCSE CCA Systems Support Officer Ta, Daniel Service Desk Administrator Templeton, Hetty: BBus (CompSys Mgmt) VUT, GDipMgmt Melb IT Resources Officer Truong, Linh: BE BSc Core Services Specialist Vancuylenburg, Sanjeeva Service Desk Administrator Vassilev, Spassimir Systems Support Officer Xue, June Applications Developer

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) Perez, Kathryn: DipIT&Multimedia, DipMgmt Research Administration Officer Randall, Jacqueline: BA GDipMediaStud Deakin Manager, Research Support Unit Tang, William: BCom Melb, GDipEDP CIT Research Database Administrator

Teaching and Learning Unit

Draper, Sanchia: BA Swinburne, PGDipEco Melb Programs and Publications Coordinator Holdsworth, Annie: BA GDipBus MArt MEd RMIT Learning Adviser Jones, Anna: BA DipEd GDip (TESOL) MEd PhD Melb Lecturer in Higher Education Pesina, Jenny: BDesign (Multimedia) Swinburne Multimedia Developer Puglielli, Sonia Academic Programs Coordinator Personal Assistant to Director Shaw, Jennifer: DipIT Chisholm Multimedia/Administrative Assistant

Academic Appointments and Promotions New Appointments

Teaching and Learning Unit

Farewells

Accounting and Business Information Systems

Senior Lecturer

Accounting and Business Information Systems

Lecturer

Melbourne Institute

Ms Sharon Soltys Dr Qingbo Yuan

Research Fellow

Teaching Fellows

Ms Anne Holdsworth

Mr Terence Cheng Dr Russell Thomson

Mr Matt Dyki Ms Sarah Hinchliffe Dr Jagjit Kaur

Research Officer

Senior Tutors

Administrative Assistant

Mr Adam Fedai Mr James Holston Mr Joseph Sakr Mr Naman Sharma Mr Anthony Stewart Mr Mark Szabo Miss Alexandra Taylor

Mr Daniel Kuehnle Mr Brendan Houng Mr Phillip Weaver

Economics

Promotions

Associate Professor Lata Gangadharan Dr Roshan Perera Associate Professor Felisa Vazquez-Abad

Accounting and Business Information Systems Associate Professor

Economics

Dr Carlin Dowling

Research Fellow in Development Economics

Economics

Dr Susan Olivia Dr Mabel Andalon Lopez

Lecturer in Actuarial Studies Dr Ping Chen

Finance Chair of Finance Professor Spencer Martin

Senior Lecturer Dr Joachim Inkmann

Lecturer Ms Zhen Shi

Melbourne Institute

Associate Professor Associate Professor Christian Edmond Associate Professor Russell Hillberry Associate Professor Shuanming Li Associate Professor Roberto Raimondo Associate Professor Christopher Skeels Associate Professor Jenny Williams

Dr Vikram Bhakoo Dr Sachiko Yamao Dr Tine Koehler

Mr Driss Ait Ouakrim Professor Konstantinos Mavromaras Professor Stephen Sedgwick Ms Lauren Tyrrell Ms Sharna Thomason Ms Lisa Willenberg

Management and Marketing Associate Professor

The Melbourne Institute

Lecturer

Management and Marketing

Professor Lisa Cameron Professor Michael Shields

Research Fellow

Dr Jing Lei Dr Michael Zyphur

Dr Xin Chang Dr Michael Chng Dr Eric Quintane Professor Raymond Zammuto

Associate Professor Angela Paladino Associate Professor Leisa Sargent

Senior Lecturer

Finance

Professor

Management and Marketing Mr Kohyar Kiazad

Ms Suzanne Burdett Mr Yi-Wen Chin Mr Anthony Coralluzzo Dr Phillip Hellier Mr Yi Ming Hu Dr Jagjit Kaur Ms Sembukutti Silva Ms Anna Stamatelatos Mr Dawei Ye

Principal Research Fellow Associate Professor Paul Jensen Associate Professor Roger Wilkins

Senior Research Fellow Dr Alfons Palangkaraya

Research Fellow Grade 2 Ms Ha Vu

Tutor in chief Miss Marie Maragos

Annual Report 2009 Outlook 2010 63

Statistical tables Table 1 Numbers of Unique Students Enrolled in a Faculty Course in 2009

Course

International students

Table 2 Teaching Load, 1999-2009

Total enrolments

Other than Higher Higher Year Degree Degree

Total

4669

1136

5805

35

523

2009

BAgr/BCom

0

1

2008

4462

1369

5831

BAgrSc/BCom

0

0

2007

4163

1293

5456

4786

2006

3993

1094

5087

0

1

2005

3997

941

4938

43

146

2004

3840

727

4567

0

0

2003

3793

571

4364

0

2002

3570

419

3989

69

2001

3264

331

3595

BA/BCom

BCom

2578

BCom(Hon)/BIS BCom(Hons) BCom(Hons)/BSc BCom(Hons)/LLB

0

BCom/BIS

7

BCom/BPC

5

65

2000

3073

266

3439

BCom/BSc

11

203

1999

3147

256

3403

BCom/LLB

76

135

BE(IT)/BCom BE/BCom

7

33

74

376

3

14

2839

6352

BMus/BCom Total Undergraduate Certificates

1

9

Diplomas

8

50

Masters (CW)

1031

1610

Masters (Res)

0

0

54

116

Total Graduate

1094

1785

Total

3933

8137

PhD

Table 3 Full-Year Teaching Load by Nature of Enrolment, 2009

Level

Australian subsidised

International fee-paying

Australian fee-paying

Total

Bachelors (Pass)

2106

2205

198

4509

Bachelors (Hons)

91

43

0

134

0

5

18

23

52

783

217

1052

Diplomas Masters (CW) Masters (Res) PhD Total

2

0

0

3

39

46

0

85

2290

3082

433

5805

Note: Components may not add to totals owing to rounding

64 Annual Report 2009 Outlook 2010

Table 4 Full-Year Teaching Load by Department, 2009

Higher Higher

Under- Degrees Degrees Department graduate Diplomas (Coursework) (Research) Total Accounting

1022

5

316

4

1347

Eco

1610

12

159

35

1815

Finance

1032

8

238

14

1291

980

2

337

30

1348

0

–

–

4

4

4643

26

1049

87

5805

Mgt MIAESR Total

Notes: Components may not add to totals owing to rounding.

Higher Degrees (Research) total for Economics includes Actuarial Studies.

Table 5 Number of Academic and Professional Staff by Department

Department

Teaching and Research Full-time Casual

Faculty General Accounting & Bus InfoSys

Research Only Full-time Casual

Professional Staff Full-time Casual

7.4

0.3

1.2

0.1

106.0

7.8

48.2

5.3

2.4

1.1

10.5

0.8

Economics

45.9

19.1

3.3

2.7

12.3

1.1

Finance

26.5

13.0

1.8

2.8

7.2

2.3

Management & Marketing

36.8

13.4

1.4

1.6

8.1

0.9

45.4

0.3

8.7

1.4

55.5

8.6

152.8

14.3

MIAESR

0.6

Total

165.3

– 51.1

Table 7 Total Operating Expenditure 2009

Number

Professor

35.1

Above Senior Lecturer

32.6

Senior Lecturer

29.7

Lecturer

54.7

Below Lecturer

13.1

Total

$million

Table 6 Teaching and Research Staff by Category

Category

70

Not included in non-salary costs is the University Overhead of $42.420m, Trust Fund transfers or contribution toward ‘The Spot’

60 50 40 30 20

Non-salary

10

165.3

Salary

0 2004

2005

2006

2007

2008

2009

Table 8 Sources of Revenue 100% 80%

5.1%

5.2%

19.1%

19.3%

57.2%

57.4%

60% 40%

1.6% 12.5%

66.8%

5.5%

4.6%

11.4%

12.0%

66.8%

69.5%

2.8% 10.1%

67.0% Other Research income

20% 0%

18.6%

18.2%

19.1%

15.4%

13.8%

2004

2005

2006

2007

2008

20.0%

Student fee income DEST operating grant

2009

Annual Report 2009 Outlook 2010 65

Contact the Faculty Mailing address: The Faculty of Business and Economics

The University of Melbourne

Victoria 3010 Australia

Telephone:

+ 61 (03) 8344 5317

Facsimile:

+ 61 (03) 9347 3986

Online enquiries: http://fbe-unimelb.custhelp.com Internet:

www.fbe.unimelb.edu.au

Publication disclaimer: The University has used its best endeavours to ensure the material contained in this publication was correct at the time of printing.

The University gives no warranty and accepts no responsibility for the accuracy or completeness of information and the University reserves the right to make changes without notice at any time in its absolute discretion. Users of this publication are advised to reconcile the accuracy and currency of the information provided with the relevant faculty or department of the University before acting upon or in consideration of the information. Copyright in this publication is owned by the University and no part of it may be reproduced without the permission of the University. Authorised by the General Manager.

Published by the Faculty of Business and Economics, June 2010 Š The University of Melbourne

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