IMPACT REVIEW 2016
CONTENTS
At Monash Business School, we aim for impact. Our mission is to be recognised as one of the world’s leading business schools. This underpins our commitment to globally recognised accreditations, our renowned research; teaching excellence that puts students at the centre of what we do; our industry and community impact; and the distinguished visitors we attract. Welcome to the Monash Business School Impact Review 2016. OVERVIEW
TEACHING EXCELLENCE
DEPUTY DEAN, RESEARCH
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20 Linking theory with practice
36 Monash Business School’s research excellence
From the Head
4 Globally recognised excellence 6
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From the Head
Experimental economics – where theory meets real life
Join us on social media /monashbusiness /MonashBusiness /MonashBusinessSchool /monashbusiness /+MonashBusinessSchool
T: +61 3 9902 6011 E: ask.monash@monash.edu
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business.monash.edu/impact-review
Connecting students to the world
Why refurbishing pays off for retailers
General enquiries
School structure
RESEARCH EXCELLENCE 8 Leading the world in data analysis
22 Connecting students to the world INDUSTRY IMPACT 24 Why refurbishing pays off for retailers 26 Redefining retirement
DEPUTY DEAN, EDUCATION 38 Placing students at the centre of what we do DEPUTY DEAN, INTERNATIONAL 40 Committed to quality
9 Shining a light on favouritism
28 How do we fix STEM’s brain drain?
10 Tackling work taboos
COMMUNITY IMPACT
FACULTY GENERAL MANAGER
11 Developing a research culture
30 Creating entrepreneurs through partnerships
42 Transforming Monash Business School
12 The power of networks
DISTINGUISHED VISITORS
2016 PUBLICATIONS
14 Experimental economics – where theory meets real life
32 Welcoming the world’s best scholars
44 Top-ranking publications
16 How well do communities recover from terrible disasters? EMERGING RESEARCHER 18 Child obesity and its long-term impacts
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DEPUTY DEAN, LEADERSHIP AND EXECUTIVE EDUCATION 34 Tackling next-generation problems: the new Monash MBA
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OVERVIEW
FROM THE HEAD Four years ago, we embarked upon an ambitious journey to create the Monash Business School. We have always been a powerhouse of academic research and education, but we wanted to go further – to become one of the world’s leading academies of scholarship in business, economics and related disciplines. This was approved by the University in April 2014, and we have been advancing briskly since then. We are proud of the fact that Monash Business School is amongst the 1% of business schools worldwide that hold the prestigious ‘triple crown’ of quality accreditations by the three main business school accrediting bodies: the Association to Advance Collegiate Schools of Business (AACSB), the EFMD Quality Improvement System (EQUIS), and the international Association of MBAs (AMBA). When the AACSB first accredited us in 2014, the peer review team encouraged 2
The next part of our journey will involve better demonstrating our impact, from the excellence of our scholars to the rigour and relevance of our curriculum for today’s and tomorrow’s world.”
us to “become more than the sum of your parts”. Three years later, I believe we are well on our way to achieving this. Throughout 2016, we undertook a far-reaching transformation of our professional staffing structures, and we are now bedding down our operations under the new structure. This is enabling us to become an academically and professionally integrated business school while also retaining our dynamic departments and research centres. It is also underpinning our remodelled MBA, executive education, thought leadership and outreach activities. Our research continues to rank among the world’s very best in our areas of greatest strength. We attract some of the world’s brightest thinkers and most eminent visitors. The commitment of our talented and dedicated researchers to tackling society’s challenges saw Monash Business School awarded nine highly competitive Australian Research Council (ARC) Discovery Grants, and one Discovery Early Career Researcher Award (DECRA) in 2016. These grants amounted to 27.8 per cent of all ARC research funds allocated in these categories across the business
and economics disciplines, placing us well ahead of all other Australian business schools.
our practical commitment to the United Nations’ 17 Sustainable Development Goals.
As educators, we continue to put teaching excellence and the student experience at the core of what we do. Our remodelled MBA recognises that to effectively tackle next-generation problems, we cannot rely solely upon traditional disciplinary responses. We must imagine and implement truly innovative and enterprising ideas and perspectives.
Throughout all our work, we believe we can have discernible impacts in helping to make our world a better place for all. Our effectiveness in doing so is hugely reliant upon the hard work, commitment, financial and other support from all our stakeholders including our academic and professional staff, our students, alumni, advisory board members, industry partners, collaborators and donors. Thank you one and all.
The next part of our journey will involve better demonstrating our impact, from the excellence of our scholars to the rigour and relevance of our curriculum for today’s and tomorrow’s world. We will continue to innovate how we educate the next generation of business and societal leaders in our region and beyond, imbuing them with the knowledge, skills, self-awareness and confidence to succeed in life and become ‘ambassadors’ for good in our rapidly changing world.
Welcome to the Impact Review 2016.
Professor Colm Kearney Head, Monash Business School and Dean, Faculty of Business and Economics
As well as meeting our goal of upholding the Principles for Responsible Management Education (PRME) and Globally Responsible Leadership Initiative (GRLI), we reaffirmed Impact Review 2016
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RANKINGS AND ACCREDITATIONS
GLOBALLY RECOGNISED EXCELLENCE
Our research is recognised on the world stage.
AMBA
The Association to Advance Collegiate School of Business – accredits the quality of our undergraduate, masters, MBA and doctorate program.
EFMD Quality Improvement System – accredits our management education.
The international Association of MBAs – accredits the international quality of our MBA program.
We are part of the Globally Responsible Leadership Initiative (GRLI) which works with leaders, practitioners, professionals, academics and the next generation to foster and develop responsible global action.
Monash Business School joined the UN PRME Champions initiative in 2016, helping to drive the agenda on developing the capabilities of students and educate future sustainable leaders.
– Banking and Finance
We also belong to the QTEM network (Quantitative Techniques for Economics and Management), an international network bringing together outstanding students, academic partners and international corporations.
THE NEW QS WORLD UNIVERSITY RANKINGS
REPEC (RESEARCH PAPERS IN ECONOMICS)
TILBURG UNIVERSITY ECONOMICS RANKINGS
By subject
A collaborative database to disseminate research in economics
Collected by CentER, a research institute at the Tilburg School of Economics and Management, the Netherlands
02 08 08 15 26 28
01 02 43
26 27 31 45
Accounting and Finance
Law
Business and Management
Economics and Econometrics
Overall ranking for Monash University, according to the QS World University Rankings® 2016/17
65 4
– Applied Economics
– Marketing
EQUIS
We are a signatory to the Principles for Responsible Management Education (PRME), the largest organised relationship between the United Nations and business schools.
– Accounting, Auditing and Accountability – Law
AACSB
GRLI
According to the Excellence in Research for Australia (ERA) Report (2015-2018), we are rated four-stars (above world standard) for:
– Econometrics
Monash Business School is proud to be among one per cent of global business schools with the coveted ‘triple crown’ accreditation.
PRME
According to the Excellence in Research for Australia (ERA) Report (2015–2018), we are rated five-stars (well above world standard) for:
Impact Review 2016
Experimental Economics
Behavioural Economics
Econometrics
in Australia
in Asia-Pacific
in the World
Health Economics
Development
Finance
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SCHOOL STRUCTURE
PROFESSOR COLM KEARNEY Head, Monash Business School and Dean, Faculty of Business and Economics
FACULTY OF BUSINESS AND ECONOMICS
MONASH BUSINESS SCHOOL
MONASH SOUTH AFRICA SCHOOL OF BUSINESS AND ECONOMICS
MONASH UNIVERSITY MALAYSIA SCHOOL OF BUSINESS
DEPUTY DEANS
PROFESSIONAL STAFF
HEADS OF DEPARTMENT PROFESSOR CARLA WILKIN Accounting PROFESSOR CHRISTINE BROWN Banking and Finance
PROFESSOR GARY MAGEE Deputy Dean, Research
PROFESSOR RUSSELL SMYTH Deputy Dean, Academic Resourcing
PROFESSOR MICHAELA RANKIN Deputy Dean, International
MICHELLE CLARKE Faculty General Manager
PROFESSOR HEATHER ANDERSON Econometrics and Business Statistics
DIRECTORS OF RESEARCH CENTRES (INTERIM) PROFESSOR ROD MADDOCK Australian Centre for Financial Studies PROFESSOR SISIRA JAYASURIYA Centre for Development Economics and Sustainability
PROFESSOR MICHELLE WELSH Business Law and Taxation
PROFESSOR MICHAEL WARD Economics PROFESSOR ROBERT BROOKS Deputy Dean, Education
PROFESSOR RICHARD HALL Deputy Dean, Leadership and Executive Education
AMANDA MICHAEL Faculty Finance Manager
PROFESSOR VÉRONIQUE AMBROSINI Management PROFESSOR HARMEN OPPEWAL Marketing
(INTERIM) PROFESSOR GARY MAGEE Centre for Global Business PROFESSOR ANTHONY HARRIS Centre for Health Economics
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RESEARCH EXCELLENCE ASSOCIATE PROFESSOR PAUL RASCHKY Department of Economics
From unpacking the language of data analysis to examining corruption by charting night-time light intensity of nations, Monash Business School researchers are on the cutting edge of research excellence. LEADING THE WORLD IN DATA ANALYSIS
Department of Econometrics and Business Statistics.
Many people would be unfamiliar with the term ‘R’ but the use of it is all around. If you have a bank account, read a newspaper or use social media, you have certainly come into contact with it.
“It is the most powerful software available for data science today and it is free. Anyone with a laptop, some math skills and a willingness to script code in R can take data from many sources, plot it and model it to understand what is going on around them.”
R is the language of data analysis, an open source programming language for tasks such as statistical modelling and data analytics. It is used in many organisations including ANZ, Google, Facebook and Twitter. “R makes data analysis accessible to everyone,” says Professor Dianne Cook from Monash Business School’s
Professor Cook is a world leader in the field of data visualisation. She is only the second Australian, and the third woman globally, to be invited to join the inner circle of the prestigious R Foundation. This body, which has just 37 members, is charged with supporting the R project,
to hold and administer the copyright of the R software and documentation. Professor Cook’s research and associated software packages allow large data sets to be used to understand today’s rapidly changing environment. Her work, which is regularly published in world-leading journals, looks for patterns that may not be obvious in conventional statistics models. She is also the editor of the highly regarded Journal of Computational and Graphical Statistics.
PROFESSOR DIANNE COOK Department of Econometrics and Business Statistics
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FEATURE VIDEO FEATURE VIDEO Professor Dianne Cook, Associate Dianne Cook, Associate Professor Paul Raschky, Associate Paul Raschky, Professor Kathleen RiachAssociate and Professor Kathleen and Associate ProfessorRiach Carolyn Associate Professor Carolyn Sutherland were awarded the Sutherland awarded the 2016 Dean’swere Award for Research 2016 Dean’s Award for Research Excellence. Excellence. Visit: youtube.com/user/ Watch video MonashUniBusEco
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SHINING A LIGHT ON FAVOURITISM Many have looked to the night sky for answers, but Associate Professor Paul Raschky, from the Department of Economics, has used NASA satellite data on night-time light intensity to assess political and ethnic favouritism in developing countries. Matching the luminosity data with information about the birthplaces of countries’ political leaders, Dr Raschky found leaders tend to favour the areas of their birth and their ethnic kin. These areas have more intense night-time light, indicating higher economic activity. Jointly with his Monash Business School colleague Dr Simon Angus and their former PhD student, Dr Klaus Ackermann (from the University of Chicago), Dr Raschky has also developed a unique database of more than one trillion internet observations that can be used for future research on the impact of internet usage on economic activity.
So far the team has used this data to measure the diffusion of the internet worldwide and map global sleep patterns – Argentinians are the most rested, Japanese the most deprived, while Australians are ranked number 30 out of 45 countries in terms of how much sleep we get each night.
My research on government intervention in the US market for corporate terrorism insurance has been used by the US Senate...”
Dr Raschky’s far-ranging research also includes water management strategies – implemented by government departments to aid in managing natural disasters – as well as economic development, international trade and terrorism. He has provided background papers for the World Bank, the Asian Development Bank and the Economic Research Institute for ASEAN countries. “My research on government intervention in the US market for corporate terrorism insurance has been used in a written testimony for the US Senate Committee on Banking, Housing, and Urban Affairs about the extension of the Terrorism Risk Insurance Program,” he says.
IMPACTS / HIGHLIGHTS Professor Dianne Cook is a world leader in the field of data visualisation. She is only the third woman globally to be invited to join the prestigious R Foundation. Associate Professor Paul Raschky has helped develop a unique database of more than one trillion internet observations.
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RESEARCH EXCELLENCE
DEVELOPING A RESEARCH CULTURE A robust and vibrant business research community is the life-blood of any globally ranked academic institution. But this doesn’t happen by accident. For Associate Professor Carolyn Sutherland, deputy head of the Department of Business Law and Taxation, developing a research community where early and mid-career researchers are inspired and coached to achieve excellence has been a vital addition to her own research.
TACKLING WORK TABOOS Age discrimination at work can be insidious and difficult to deal with, especially if organisations struggle to recognise it. And there remain topics considered socially ‘taboo’, despite their impact on workers. Associate Professor Kathleen Riach, in Monash Business School’s Department of Management, is a recognised international leader in qualitative management and organisational research into age and ageing at work. “My research explores the subtle and nuanced ways discrimination may occur through the use of language or narratives that marginalise older workers in the workforce,” she says. For instance, in using words such as ‘fresh’ to describe their organisational culture, or presuming ‘new talent’ always comes in the form of younger workers, workplaces may be missing out on tapping into vital skills and experiences that have accumulated over a longer working life.
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Her recent research explores menopause in the workplace, commonly considered a taboo topic, and how negative cultural messages around older women’s bodies may have a more significant impact on women’s careers in later life, rather than menopausal experiences themselves. She looks at specific organisational elements such as culture, branding, or the emotional dynamics of the broader economic messages that shape the way older workers are devalued or displaced. The ageing population means that people need to work longer. Research provides a vital body of evidence to show what best practice is in ensuring longer working lives are still meaningful for people.
ASSOCIATE PROFESSOR KATHLEEN RIACH Department of Management
Dr Sutherland has developed ‘Shut up and Write’ sessions to encourage PhD students to communicate regularly with peers. She also introduced intensive work-in-progress workshops and developed a grants program to provide detailed feedback to staff about their research.
We need to think creatively about how we reimagine mid-tolater life careers.”
The result is that department research published in prestigious publications doubled in just two years, from 12 per cent of total publications in 2013 to 24 per cent in 2015. “There is a tendency for legal researchers to be fairly conservative in their approach to research, but we are being encouraged to work with our colleagues in other disciplines in the Business School and this is making us more creative,” says Dr Sutherland. “We are at the precipice of changing how we work, starting in the PhD program and now moving across the whole department.” Read online: businessmonash.edu/ research-excellence
We are on the precipice of changing how we work.”
ASSOCIATE PROFESSOR CAROLYN SUTHERLAND Department of Business Law and Taxation
IMPACTS / HIGHLIGHTS
“To do this, we need to think creatively about how we reimagine mid-to-later life careers not simply at a slide towards retirement, but a time that can hold new possibilities for new career ambitions, skills development, and the successful utilisation of different kinds of work experience,” she says.
Associate Professor Kathleen Riach studies ‘taboo’ topics in the workplace, such as menopause. Associate Professor Carolyn Sutherland has helped PhD researchers double their publications success. She developed ‘Shut up and write’ sessions to encourage regular communication with peers.
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RESEARCH EXCELLENCE
THE POWER OF NETWORKS
Network economics is a relative newcomer to the august world of traditional economics. Yet this deceptively simple way of representing how people are linked and interact can potentially be used to reduce crime, map out vulnerabilities in financial markets and help policymakers target their responses more effectively. Monash Business School’s Professor Yves Zenou is one of the world’s leading scholars in the network economics field. He joined the Department of Economics in 2016. Network economics has developed from the realisation that the general equilibrium theory of supply and demand missed most of the transactions in an economy which revolved around individuals. Network economics looks not only at direct interactions
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between two people, but the ripple effect of interconnected links between their friends, friends-of-friends and so on.
PROFESSOR YVES ZENOU Department of Economics
Swedish-French Zenou is known for a concept called the ‘key player’, which he first developed to help Swedish police tackle youth crime. Applying a mathematical model to crime data, he created a network of connections and charted the links to define the key figures police should target. He’s since applied this concept to assessing vulnerabilities of the banking industry. In the wake of the global financial crisis of 2008, Zenou wanted answers to the following: in a financial crisis, which institution do you want to bail out, to avoid contagion? How does the risk spread through the balance sheet? And which bank should be allowed to fail? The impact of large key players considered ‘too big to fail’ may be obvious to regulators and
policymakers. But Professor Zenou wanted to understand much more about the impact smaller players may have on the system. He used central bank data on interbank loans to identify a flow-on effect that was not initially understood. “My research showed the bank you want to bail out is not necessarily the one with the highest market share and profit, but the one with the greatest number of interbank loans,” he says.
It’s not the one you want to remove, but the firm you want to subsidise to generate as much benefit as possible.”
His current focus is on research development networks, especially the links between firms, research and development (R&D) and innovation. Last year he was awarded an Australian Research Council (ARC) grant and is currently working on identifying which firms would best help amplify the Australian government’s R&D assistance measures.
He is also examining how the removal of a firm may impact on competition. But his key player theory could have potential applications for understanding the impact of the retreating Australian car industry, as well as changes in other sectors such as education, mining, and services. Which industries should be subsidised? Should funding go to regional areas or big cities? Which sector can Australia most ‘afford’ to lose? “The question in Australia is different; it’s not the one you want to remove but the firm you want to subsidise to generate as much benefit as possible,” Professor Zenou says. “Again, it’s not the obvious ones with the largest market share.”
IMPACTS / HIGHLIGHTS Monash Business School is globally renowned for network economics. Professor Zenou is applying his ‘key player’ concept to assessing Australian R&D. The theory could potentially be applied across a variety of business sectors.
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RESEARCH EXCELLENCE
EXPERIMENTAL ECONOMICS – WHERE THEORY MEETS REAL LIFE
to leadership positions in a unique way – by asking them to “opt-out” rather than “opt-in”. This means that everyone in an organisation at a particular level would automatically be placed in contention for promotion unless they actively indicated otherwise. Professor Gangadharan, from the Department of Economics, plans to conduct experiments on how such an ‘opt-out’ mechanism would work in practice within a large organisation. “There is a whole strand of literature encouraging women to put their hands up to take leadership positions,” she says. “But this puts a lot of pressure on women. Instead we think pressure should be placed on organisations to change as well. We believe that adopting this approach is a no-cost but effective way to increase
Companies are becoming increasingly aware of the gender imbalance in leadership positions. But what would happen if women were automatically included in advancement opportunities unless they “opted out”?
And what if the best way to ensure people paid their taxes was to make them compete in order not to be audited? As a leading experimental economist, Monash Business School’s Professor Lata Gangadharan field-tests these ideas. Experimental economics is a relatively new academic field that focuses on designing practical and laboratory experiments and connecting economic theory with the world.
We find that self-interest rules when it comes to the public good.” 14
Much of Professor Gangadharan’s research work focuses on the kind of economics incentives that work best in real-life situations.
the number of women in these positions.” As one of the editors of the influential Experimental Economics academic journal, Professor Gangadharan says she notices how the scope of experimental economics is widening. “The journal is now publishing research that involves field experiments, not just experiments done in the laboratory. “We are also seeing more work where authors are trying to connect with other disciplines such as neuro-economics – which seeks to explain human decision making – and computer sciences.” Read online: business.monash.edu/ experimental-economics-wheretheory-meets-real-life
PROFESSOR LATA GANGADHARAN Department of Economics
For instance, she found regulatory bodies that used a competitive approach to auditing – rather than random monitoring – were better able to curb unwanted behaviour. “We find that self-interest rules when it comes to the public good,” she explains. “For example, when you look at tax compliance, people are really competing with each other not to be audited by the tax office. So the question is what is the equilibrium point at which you are not declaring too much taxable income but still enough, above the next person, so that you don’t get audited.”
IMPACTS / HIGHLIGHTS Professor Gangadharan’s work focuses on real-world incentives. She wants to test whether ‘opting out’ will help advance women more effectively.
Her current work investigates ways organisations can encourage promotion of women
As an experimental economist, she undertakes field experiments.
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RESEARCH EXCELLENCE
HOW WELL DO COMMUNITIES RECOVER FROM TERRIBLE DISASTERS? How long does it take for a community to recover from a natural disaster? A three-year, multi-university research project led by Monash Business School aims to investigate what is the longterm fallout from these disasters in terms of job prospects, education and health and how governments can help.
While there has been a lot of research on how a natural disaster impacts on people’s mental health, less has been undertaken around how people continue to be impacted. Associate Professor David Johnston, from the Centre for Health Economics, is leading a team of researchers from Monash Business School, University of Wollongong, Queensland University of Technology (QUT) and Newcastle University to specifically focus on child and adult health, educational performance and labour market success post-disaster. In 2014, the Productivity Commission Inquiry into total natural disaster expenditure
The aim of the project is to provide evidence that can help governments in developing new disaster recovery support policies and programs.”
found that the ability to reduce the community impact of natural disasters was hindered by the lack of research evidence on the impact of the disasters. “Natural disaster impact research is scarce, as are the projected costs of these disasters, and much of it focuses on North American examples,” says Dr Johnston. One of the reasons for the lack of academic research is that the long-term impact of natural disasters has been traditionally difficult to measure. Many residents respond to a disaster by simply moving away. But researchers believe accessing information from comprehensive data sets
such as the widely respected longitudinal Household, Income and Labour Dynamics (HILDA) Survey, will help them track how individuals adapt following major damaging natural events. While researchers will investigate major events such as the 2001 Brisbane floods and the 2009 Black Saturday fires in Victoria, they also want to look at the impact of smaller incidents such as heatwaves. “The aim of the project is to provide evidence that can help governments in developing new disaster recovery support policies and programs, which efficiently target assistance to those with the greatest need at the most beneficial stages of recovery,” says Dr Johnston. This study is one of the nine Monash Business School research projects awarded an Australian Research Council grant for work commencing in 2017. Dr Johnston is also part of a $14 million multidisciplinary research project that will potentially improve the lives of more than a billion people living in slums worldwide.
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Impact Review 2016
Monash University is leading an international research consortium funded by the global philanthropic foundation, the Wellcome Trust.
ASSOCIATE PROFESSOR DAVID JOHNSTON Centre for Health Economics
Monash will use the grant for a five-year research project that will significantly advance human health and wellbeing in slums – or informal settlements – by transforming water infrastructure, water management, and sanitation practices. The research, which will focus on informal settlements in Fiji and Indonesia, will start this year. It will also be integrated in those countries in two infrastructure projects currently being prepared for financing by the Manilabased Asian Development Bank. Dr Johnston will investigate the wider impacts of the intervention on individual and community wellbeing. Read online: business.monash.edu/how-welldo-communities-recover-fromterrible-disasters
IMPACTS / HIGHLIGHTS Dr Johnston will investigate how well communities recover from major disasters. This study was awarded an Australian Research Council grant. He is also involved in a $14 million research project in Fiji and Indonesia, funded by the Wellcome Trust.
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EMERGING RESEARCHER
CHILD OBESITY AND ITS LONGTERM IMPACTS Do you write a list before hitting the supermarket and stick to it? Or are you more likely to slip that packet of chocolate biscuits into your trolley on impulse?
Writing a shopping list and committing to it is just one of the strategies to reduce obesity investigated by Monash Business School’s health economist Dr Nicole Black. “We found that pre-committing yourself to a shopping list was a very cost-effective strategy for achieving weight loss and improved health outcomes,” says Dr Black. Much of Dr Black’s research explores the relationship between childhood and later life and demonstrates that childhood obesity can reduce the ability to achieve in adulthood.
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FEATURE VIDEO FEATURE VIDEO Dr Nicole Black was awarded Dr NicoleBusiness Black was awarded Monash School’s 2016 MonashAward Business School’s 2016 Dean’s for Excellence in Dean’s Award for Excellence Research by an Early Career in Research by an Early Career Researcher. Researcher.
Dr Black, a senior research fellow at the Centre for Health Economics, has found that children who are obese underperform academically. “Among Australian children, obese boys between the ages of 8 and 13 have significantly lower test scores in maths compared with children of normal weight,” she says. “The result cannot be explained by their past academic achievement or socio-economic background. Given the importance of early cognitive skills for a child’s future wellbeing and economic prosperity, this suggests obesity has potentially serious implications over and
above any obvious health consequences.” She is currently carrying out a three-year Australian National Preventive Health Agency Research Fellowship to investigate the economic consequences of childhood and adolescent obesity, including its impact on human capital development and adulthood economic prosperity. “Over the child’s life the economic consequences of obesity include not only health care costs but also the effects on their cognitive and socio-emotional development,” says Dr Black. “More specifically, we find children who are obese perform worse in their NAPLAN scores and that obesity leads to more emotional and peer problems.” She says the research is focusing on cognitive and noncognitive skills because they are known to be important inputs for future economic prosperity, education and income. Dr Black hopes to illustrate the total costs of obesity for children.
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Impact Review 2016
“At the moment we are trying to understand whether cognitive achievement gaps are attributable to teacher bias. This means whether teachers give grades to obese children that are significantly lower than their actual academic performance and capabilities would indicate.” In 2015, Dr Black was awarded the Early Career Researcher prize by the Australian Health Economics Association. Dr Black was also a chief investigator on a World Bank-funded project to estimate the costs of health care delivery in the Solomon Islands.
DR NICOLE BLACK Centre for Health Economics
Children who are obese perform worse in their NAPLAN scores.”
This first-of-its-kind study has been instrumental in forecasting budgets for the Ministry of Health in the Solomon Islands. In just over three years, Dr Black has published 11 peer-reviewed papers, nine of which are in world-leading journals. Read online: business.monash.edu/childobesity-and-its-long-term-impacts
IMPACTS / HIGHLIGHTS Dr Black’s research has found obesity in children lowers academic performance and leads to greater emotional difficulties and peer problems. She is testing whether teacher assessments are biased against obese children. Her work has advised the World Bank and the Solomon Islands’ Ministry of Health.
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TEACHING EXCELLENCE
LINKING THEORY WITH PRACTICE Whether it is share trading simulations, accounting case-based study programs or ‘super-tutorials’, Monash Business School is constantly updating its teaching methods to ensure students are best prepared for the workplace.
“During my experience teaching at Monash I realised students struggled in their ability to problem-solve and apply theories to practice,” says Department of Accounting lecturer, Dr Mukesh Garg. “In the teaching of accounting, I learnt this could be improved using case-based instruction and simulation-based integrated learning environments.” This program, called the Virtual Integrated Business Environment, is designed to replicate a workplace and includes business law, taxation, auditing, business finance, financial accounting, management accounting and valuation modules to help students learn to solve complex business problems in a simulation-based practical setting.
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FEATURE VIDEO FEATURE VIDEO Dr Mukesh Garg, Dr Nathan Dr Mukesh Garg, Dr Nathan Eva, Dr Zoltan Murgulov and Eva, Dr Zoltan Murgulov and Charanjit Kaur were awarded Charanjit were awarded the 2016 Kaur Dean’s Award the 2016 Dean’s Award for Teaching Excellence. for Teaching Excellence. Visit: youtube.com/user/ Watch video MonashUniBusEco
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In the Business Valuation unit, Dr Garg also uses self-developed case studies where students act as industry specialist analysts and synthesise complex information using the tools available to analysts and investment banks. Over the past two years, Department of Management lecturer, Dr Nathan Eva has redeveloped the Managerial Communication course to encourage the use of technology, reflect the industry landscape and help graduates develop the communication skills needed to find jobs. “By designing a course that had a stronger link between the theory and the practice in industry, I believed this would be
more engaging for students and have a more lasting impact on their learning,” he says. The course teaches students how to communicate key messages, communicating to land a job and how to manage others in a team. Dr Eva engaged industry partners and consultancy firms to create presentation workshops where students could practise in class and receive feedback.
and post-lesson online tests, to help students understand complex concepts at their own pace. His students are also given the opportunity to meet industry leaders during visits to sponsor organisations such as the Bank for International Settlements, the OECD and the World Bank within the International Study Program in Banking and Finance.
Dr Eva also worked with industry to develop case study problems to solve over six weeks of the course. These problems draw on real scenarios and help students develop interpersonal communication and critical reasoning skills.
To assist in the understanding of statistics and ensure greater consistency across multiple classes in large units, Charanjit Kaur, from the Department of Econometrics and Business Statistics introduced a pilot project of “super-tutorials”.
Student numbers have grown by nearly 20 per cent and the course has assisted many graduates to get jobs with its focus on resumé and interview support.
These classes are double the size of regular tutorials but with two facilitators who operate small group classwork sessions. The tutorials also act to support the professional development of less experienced tutors who are paired with those with more experience.
In Banking and Finance, students use real-world trading simulations at the Monash Business School’s Simulated Teaching and Research Laboratory. “I believe that learning and teaching methods should be varied and contextually appropriate to allow students to apply their knowledge to real world situations,” says lecturer Dr Zoltan Murgulov. Dr Murgulov also uses the Moodle online learning platform to build learning modules which include short lessons, videos
She has also developed interactive pre-lecture and tutorial videos and created teambased assessment modules that use a Personal Response System to help encourage peer collaboration and assess student learning in real time. “Being able to change students’ negative perception of quantitative units is my strongest achievement,” she says. Read online: business.monash.edu/linkingtheory-with-practice
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I believe that learning and teaching methods should be varied and contextually appropriate.”
(Top to bottom) DR MUKESH GARG Department of Accounting DR NATHAN EVA Department of Management DR ZOLTAN MURGULOV Department of Banking and Finance CHARANJIT KAUR Econometrics and Business Statistics 21
TEACHING EXCELLENCE
CONNECTING STUDENTS TO THE WORLD
When Monash Business School Masters of Management student Stephen Nankervis attended a two-week intensive summer program at the University of Chile, he did not expect his work to go viral.
Mr Nankervis attended the summer program delivered by the University of Chile’s Business School in a special arrangement with Monash Business School. As part of his assessment he investigated the impact of climate change on the coffee industry in Latin America. When he returned to work in Melbourne, Mr Nankervis, who is a Business Development Manager for Fairtrade, incorporated his research into a larger report commissioned by the organisation. This report – which finds that climate change is a dire threat to coffee farmers – has now been seen by more than seven million people across 18 countries, shared more than 1.5 million times and covered by the New
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York Times, The Guardian, CNBC and other global media outlets.
the complex world of doing business in Latin America.”
As Australia’s foreign investment ties grow with South America, the partnership between Monash Business School and the University of Chile is increasingly important. Australia is the sixth largest foreign investor in Chile with investment worth more than US$5 billion.
The program allows students unprecedented access to experts across the university, government and business organisations.
“This program offers a unique opportunity for our students to study at one of the top business schools in South America,” says Monash Business School Program Coordinator, Associate Professor Deirdre O’Neill. “The program is designed especially for Monash Business School to introduce post-graduate students to
In 2016, 35 postgraduate students drawn from 12 programs in the Monash Business School were chosen from a field of 250 applicants. The group included 10 Distance Education students and nine international students. They heard presentations from senior representatives of industry and government, including Chile’s trade organisation PROCHILE, as well as the government agency responsible for promoting innovation and entrepreneurship, CORFO. Impact Review 2016
Site visits included the largest copper-producing company in the world, Codelco; major maritime and logistics company SAAM; telecommunications start up Wayra; Undurraga Wines; and the Chilean Congress at Valparaiso.
ASSOCIATE PROFESSOR DEIRDRE O’NEILL Department of Management
A visit to Start Up Chile, a seed accelerator set up by the Chilean Government, also led to one of the students organising a threemonth internship with it directly. “The University of Chile is extraordinarily well-connected across business and society in Chile and our students benefit enormously from this,” says Associate Professor O’Neill. Read online: business.monash.edu/connectingstudents-to-the-world
The program is designed especially for Monash Business School to introduce post-graduate students to the complex world of doing business in Latin America.” 23
INDUSTRY IMPACT
WHY REFURBISHING PAYS OFF FOR RETAILERS Australian department stores face myriad challenging conditions, including online and multi-channel shopping, as well as the arrival of highprofile international retailers. A glamorous refurbishment is a time-honoured way to catch the attention of fickle customers and ensure the most profit from the physical space.
VIEW ONLINE
FEATURE VIDEO Dr Carla Ferraro was awarded the 2016 Dean’s Award for Research Impact.
Visit: youtube.com/user/ Watch video MonashUniBusEco
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But although retailers can spend millions of dollars refurbishing, remodelling and refreshing their stores, there isn’t a great deal known about what elements of a refurbishment succeed and why. Dr Carla Ferraro, from the Australian Consumer, Retail and Services (ACRS) research unit, within the Department of Marketing, set out to understand how often a retailer should refurbish and what aspects are most important. In an outstanding success story, the research has helped a leading Australian department
store retain customers and employees, added $4 million to retained store sales and reduced costs by $4 million. The work is the third major project undertaken as part of an ongoing partnership between the retailer and the ACRS research unit, to identify and implement strategic opportunities for the group. Given extensive access to sales figures, staff turnover and customer loyalty data, Dr Ferraro found that, in general, refurbishments had very positive impacts on both customers and employees. Customers felt a renewed loyalty to the brand and reported a marked increase in connection to the store, leading to return visits and higher dollar spend. Different aspects such as exterior design and flooring changes influenced overall satisfaction and positive feelings linked to purchases, while
improved lighting influenced people’s decisions to return and recommend the store to others.
looked at store employment and examined the effectiveness of the group’s advertising spend.
Refurbishment also helped reduce two of the business’ biggest costs – staff turnover and absenteeism.
An earlier project led to the development of a series of non-financial employee rewards as well as the refinement of team member recruitment and induction processes.
“Store refurbishment had a huge impact on employees,” Dr Ferraro says. “We saw their job satisfaction went up following refurbishment and as well as their attachment and commitment to the retailer. There were behavioural impacts – staff turnover and absenteeism both decreased.” As well as helping the retailer boost store profits, the research has been able to optimise its store refurbishment spend by examining refurbishment lifecycles and identifying the most impactful store aspects to refurbish, reducing costs by $4 million. The study builds on the research unit’s previous work which has
Impact Review 2016
DR CARLA FERRARO Department of Marketing
A second project enabled the group to optimise its multimedia advertising spend, including developing an inexpensive method to help assess the effectiveness of multiple advertising media and divert spending into cheaper media.
IMPACTS / HIGHLIGHTS The research helped boost store sales by $4 million and reduced costs by $4 million. The study found refurbishment reduces staff turnover and absenteeism. The work is part of an ongoing industry partnership.
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INDUSTRY IMPACT
REDEFINING RETIREMENT
Ensuring ageing populations have adequate financial resources for retirement is challenging for most countries. Two major research projects led by Monash Business School assess how Australia’s $2 trillion superannuation scheme rates and where there is room for improvement. The CSIRO-Monash Cluster, a $9 million collaboration between CSIRO, Monash Business School, Griffith University, the University of Western Australia, University of Warwick and retirement system stakeholders, has been investigating how well the super system works postretirement.
(Top to bottom) PROFESSOR DEBORAH RALSTON Department of Banking and Finance PROFESSOR RODNEY MADDOCK Australian Centre for Financial Studies Interim Director 26
“Previously, all the focus of the super funds was centred on the accumulation phase,” says Cluster leader Professor Deborah Ralston, from the Department of Banking and Finance. “As the system has matured, the super sector has had a major impact on the way the economy works. Many people in the system are entering retirement and super funds are being challenged to provide the right advice and advice for members’ postretirement.” Simulations undertaken by project researchers show that self-funded retirees require a balance of $851,000 to achieve
a comfortable retirement, with only a 5 per cent chance of exhausting the fund during retirement. Yet one of the findings of the Cluster research is that most retirees aged in their 60s and 70s draw down on their pensions at modest rates – close to the minimum amounts each year – with most likely to die with substantial amounts unspent. “It has been remarkable to find that most people in retirement live very frugally and draw down the minimum amount,” says Professor Ralston. While increasing the super guarantee from 9 per cent to 12 per cent improves retirement adequacy, researchers have also found that a dynamic approach to portfolio construction can achieve a similar outcome without increasing the contribution rate. Yet there are clear areas of disadvantage within the
system. Superannuation savings of indigenous workers are around 27 per cent lower than the average and women’s superannuation savings still lag men’s. This could change if there were more equal sharing of work in the home, or through pension splitting and tax-based solutions. The Cluster is distinctive in that it has been able to access previously unavailable information. This includes APRA statistics and data from the Department of Human Services, the Australian Taxation Office and superannuation funds. The Cluster project has produced 45 working papers. Another super system scorecard is the Melbourne Mercer Global Pension Index, an ongoing joint project between Monash Business School’s Australian Centre for Financial Studies (ACFS), international consultancy group Mercer and the Victorian Government. The 2016 Index reviews the sustainability of global pension funds against the needs of their populations. Since its launch in 2009, the Index has expanded to cover about 60 per cent of the world’s population, ranking 27 countries against more than 40 indicators in terms of Impact Review 2016
adequacy, sustainability and public trust. Australia maintained its number three ranking behind Denmark and the Netherlands. However, the report warns that countries’ retirement systems are still underprepared in the face of ageing demographics and falling birth rates. Australia’s overall Index value slipped due to the deferral of the rise in the Superannuation Guarantee contribution rate to 12 per cent from 9 per cent and a decline in the proportion of pre-retirement salary people can expect to receive in retirement.
Previously, all the focus of the super funds was centred on the accumulation phase.”
ACFS Interim Director Professor Rodney Maddock advocates that governments need to carefully plan and take brave leadership to prepare for these changes. “Australians are living longer, living larger portions of their lives in retirement and spending more in retirement so we need to be well-placed to ensure fulfilling, adequately funded retirements,” he says.
IMPACTS / HIGHLIGHTS Australia’s super system is ranked third in the world, but faces challenges. Women and indigenous workers are disadvantaged. Pension splitting and tax-based solutions should be considered.
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INDUSTRY IMPACT
HOW DO WE FIX STEM’S BRAIN DRAIN? Why do our best and brightest continue to leave the STEM fields – science, technology, engineering and maths?
“Feelings of fit, social connections with colleagues and perks such as good pay tend to keep people in their jobs,” says Dr Kiazad. “This project is about testing whether those factors will apply to retaining scientists as well.”
Dr Kiazad says there is a dire need for a solution. There are labour market shortages in civil, mechanical, and electrical engineering, while demand for STEM within the resources sector is projected to grow 5 per cent a year.
This research program will use qualitative, experimental and survey methods to develop an evidence-based toolkit; an online ‘masterclass’; and online community of practice to encourage STEM experts to stay in the field.
Yet a 2015 PriceWaterhouseCoopers report shows that even a one per cent shift of Australia’s workforce into STEM roles could generate an additional $57.4 billion in GDP over 20 years.
Australia’s future economic prosperity depends on science and innovation.”
DR KOHYAR KIAZAD Centre for Global Business Despite the Australian government investing heavily in STEM graduates, the problem lies further along the career path. Staff are exiting these industries in high numbers, citing a choice to pursue better-paid careers or those with better opportunities. Australia’s retention of staff lags behind leading OECD countries. It is a concerning trend – and the focus of a three-year, multiuniversity project investigating how to strengthen Australia’s science workforce and retain key staff. “This has been a problem for some time but as Australia’s future economic prosperity depends on science and innovation, it is garnering more attention,” says Project Leader, Monash Business School’s Dr Kohyar Kiazad. “Previous research focuses on why students drop out of science degrees or why high school students don’t elect to take science subjects. However, 28
there isn’t much research on why scientists leave or stay in their professions.” Dr Kiazad, who works jointly in the Department of Management and Centre for Global Business, has been awarded an Australian Research Council (ARC) Discovery Grant, uniquely for this category. The project is a collaboration between the Australian National University, Arizona State University, Georgetown University and the University of Washington. The federal government is investing heavily to boost Australia’s STEM talent, with its $5 million Primary Connections program, $7.4 million Mathematics by Inquiry project, and the National Science and Innovation Agenda. Yet recent Graduate Careers data shows that only 40-60 per cent of STEM graduates in Australia ultimately pursue STEM-focused careers. Data from the Australian Bureau of
Statistics (ABS) shows that between 2012 and 2013, 55 per cent of scientific and technical services professionals in Australia switched to nonSTEM industries. The result is that Australia ranks just seventeenth in the Global Innovation Index, behind New Zealand, the United Kingdom, United States, Canada and Singapore. The number of patents registered from Australia is also declining. Yet Asian and European countries are not experiencing the same trend. “In some European and Asian countries, staff levels in STEM and country innovation scores are much higher compared with Australia,” Dr Kiazad says.
IMPACTS / HIGHLIGHTS Australia is failing to retain workers in Science, Mathematics, Technology and Science (STEM) fields.
So what are the solutions? Salary and career advancement opportunities probably lie behind the brain drain, he believes. So the project will assess a framework of ‘job embeddedness’.
Dr Kiazad is leading a multi-university project to tackle the STEM brain drain. It will test the concept of ‘job embeddedness’.
Impact Review 2016
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COMMUNITY IMPACT
CREATING ENTREPRENEURS THROUGH PARTNERSHIPS ASSOCIATE PROFESSOR RAMANIE SAMARATUNGE Department of Management
In Sri Lanka, micro-businesses represent 92 per cent of all private enterprises – with 26 per cent headed by women. But with many of these aspiring micro-entrepreneurs unregistered and in rural areas, they need support from local administrators and authorities in order to flourish.
Monash Business School is working directly with Sri Lankan government agencies to help women transform their businesses into successful enterprises. Since 2010, Monash Business School’s Department of Management has played a significant role in training key Sri Lankan administrators to better solve problems in their local communities through an ongoing program of Australian Awards Fellowships (AAF) and Public Sector Linkages Programs (PSLP). These programs are run in partnership with the Sri Lanka Institute of Development Administration (SLIDA) and funded by Australia’s
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Department of Foreign Affairs and Trade (DFAT). Sri Lankan Fellows are already highly engaged with their local communities, but require the insights and tools to implement the plans they have. “It is only through research and evidence-based policy implementation in the regions and districts of Sri Lanka that good initiatives can be made better, and valuable lessons learned and shared across the public sector and government,” says program director Associate Professor Ramanie Samaratunge. Since inception, three delegations involving 75 Sri Lankans have visited Monash Business School to
learn about public management theories, public leadership, public-private partnerships, governance, communication and interpersonal skills for the public service. The program for 2016 focused on creating partnerships between women entrepreneurs and civil servants. Some 55 per cent of micro-businesses in Sri Lanka are considered to be in the ‘informal’ part of the economy, operating beyond the support of authorities who can help nurture them. Participants were taught how to analyse and interpret the factors that impact on women who are developing microbusinesses. The program also included practical tools such Impact Review 2016
as how to design business and development plans. The program’s objectives are closely aligned with Australian aid expectations of empowering women and girls, promoting gender equality and addressing barriers to women’s participation. Read online: business.monash.edu/ creating-entrepreneursthrough-partnerships
It is only through research and evidence-based policy ... that good initiatives can be made better.”
IMPACTS / HIGHLIGHTS The Department of Management has trained Sri Lankan administrators to help develop women entrepreneurs. It is part of an ongoing program of Australian Awards Fellowships (AAF) and Public Sector Linkages Programs (PSLP). It is funded by Australia’s Department of Foreign Affairs and Trade (DFAT).
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DISTINGUISHED VISITORS
WELCOMING THE WORLD’S BEST SCHOLARS
inequality also threatens Australia’s egalitarian reputation.
Professor Thomas Piketty
“Definitely I think Australia, like other countries, should pay a lot of attention to all these loopholes and tax deductions which tend to favour the wealthier groups,” he said.
Among the eminent thinkers who shared their knowledge and expertise with Monash Business School during 2016 was the high-profile French economist Professor Thomas Piketty. Professor Piketty, a guest of the Centre for Development Economics and Sustainability (CDES), discussed insights from his best-selling book Capital in the 21st Century to sold-out crowds in Sydney and Melbourne. Described as one of the most important books of the decade when released in 2013, Capital in the 21st Century presented Piketty’s now well-known formula of r>g, or the average rate of return on capital – referred by economists as ‘r’ – is greater than ‘g’; meaning growth. That is, inherited wealth will always outstrip earned wealth and that with low economic growth, it is becoming more concentrated in the hands of a rich minority. Professor Piketty, whose Melbourne talk was livestreamed to an international audience, argued that rising income 32
Professor Basu is a Professor of Economics and the C. Marks Professor of International Studies at Cornell University, as well as the incoming President of the International Economic Association. From October 2012 to October 2016, he was the Senior Vice President and Chief Economist of the World Bank. Professor Basu put forward the concept of a ‘share’ economy, a concept first written about in 1984 by MIT economist, Martin
Professor Shane Dikolli Duke University (USA)
Dr Petra Mahy SOAS University of London (UK)
Professor Philip Shane College of William and Mary (USA)
Dr Na Li East China University of Political Science and Law (China)
Associate Professor Alexander Bruggen Maastricht University (Netherlands)
Economics
Professor Neil Marriott Deputy Vice-Chancellor, the University of Winchester, Hampshire (UK)
Professor Andreas Lange University of Hamburg (Germany) Professor Pengfei Wang Hong Kong University of Science and Technology Professor Catherine Eckel Texas A&M University (USA) Professor Hanming Fang University of Pennsylvania (USA)
Professor Kaushik Basu
“Increasingly the world’s total hours of work will shrink, so we will have to learn to spread them,” he said.
Professor Peter Bowal University of Calgary (Canada)
Professor Patrick Rey Toulouse School of Economics (France)
SHARING THE REWARDS Another special guest was former World Bank Chief Economist Professor Kaushik Basu, arguing the true danger to the global economy is the decline of traditional labour.
Accounting
Professor Gary Fields Cornell University, (USA)
Monash Business School is proud to have hosted some of the world’s most eminent thinkers.
THE MYTH OF MERITOCRACY
Business Law and Taxation
Professor Leslie de Chernatony Aston University (UK)
Professor Kose John New York University (USA) Associate Professor Yasushi Hamao University of Southern California (USA) Professor Giorgio Valente University of Hong Kong Dr Will Gornall University of British Columbia (Canada) Dr Eugenio Cerutti International Monetary Fund (USA) Dr Bernard Herskovic University of California (USA) Professor John Wei HKUST Business School (Hong Kong)
Management
Dr Lawrence Schmidt University of Chicago (USA)
Professor Jason Shaw Hong Kong Polytechnic University
Professor Karl Lins University of Utah (USA)
Professor Peter Turnbull University of Bristol (UK)
Professor Abe De Jong Erasmus University Rotterdam (Netherlands)
Professor Christian Robert Universite of Paris-Dauphine (France) Professor Frank Windmeijer University of Bristol (UK) Professor Karim Abadir Imperial College London (UK) Professor Graham Elliott University of California (USA) Professor Grant Hillier University of Southampton (UK)
“So every time you have technology that is causing profits to balloon a part of that is going to workers in terms of shares they have in the enterprise of this country.”
Professor Esfandiar Maasoumi Emory University (USA)
Professor Basu was a guest of the CDES.
Professor Aman Ullah University of California (USA)
Professor Peter Robinson London School of Economics (UK) Professor Yacine Ait-Sahalia Princeton University (USA)
Impact Review 2016
Professor Wagner Kamakura Rice University (USA)
Professor Kai Li University of British Columbia (Canada)
Professor Dag Tjostheim University of Bergen (Norway)
Professor Shakeeb Khan Duke University (USA)
“This has to be done carefully, but I believe advanced countries have to increasingly think about how a percentage of profit should be owned collectively by workers as a share. Say 10 per cent of profit generated by the workers in Australia goes into a box which is money for the workers,” he said.
Professor Alexis Mavrommatis EADA Business School (Spain)
Dr Roy Kouwenberg Mahidol University (Thailand)
Econometrics
Professor George Tauchen Duke University (USA)
PROFESSOR THOMAS PIKETTY
Marketing
Dr Andrew Hertzberg Columbia University (USA)
Professor Kyle Murray University of Alberta (Canada)
Professor Stephane Bonhomme University of Chicago (USA)
L. Weitzman, in which workers share the profits or revenues of the companies they work for.
Professor Jeffrey Unerman and Dr Franco Zappettini Royal Holloway University of London (UK)
Associate Professor Angie Low Nanyang Technological University (Singapore)
Professor Jan Godsell University of Warwick (UK) Banking and Finance Professor Stephen Brown Monash University and New York University (USA) Professor Lisa Kramer University of Toronto (Canada) Professor Mark Kamstra York University (Canada) Professor Raoul Minetti Michigan State University (USA) Professor Leonid Kogan School of Management MIT (USA)
Professor Ghon Rhee University of Hawaii (USA) Australian Centre for Financial Studies Professor Gordon Clark Oxford University (UK) Professor Noel Whiteside Warwick University (UK) Dr Guonan Ma Bruegel, (Belgium) Professor Lisa Kramer University of Toronto (Canada) Centre for Health Economics
Dr George Wong Hong Kong Polytechnic
Professor Jan Abel Olsen Tromsø University (Norway)
Professor Ron Giammarino University of British Columbia (Canada)
Asoociate Professor Daniel Avdic University of Duisburg-Essen (Germany)
Professor Linda Allen University of New York (USA)
Professor Fabrice Etile Paris School of Economics (France) 33
DEPUTY DEAN, LEADERSHIP AND EXECUTIVE EDUCATION
TACKLING NEXT-GENERATION PROBLEMS: THE NEW MONASH MBA How can we best prepare the next generation of managers for the challenges and opportunities of the future? This is the big question we set ourselves when designing the new Monash MBA program.
The impact of mega-trends such as globalisation, urbanisation, slower economic growth and the depletion of natural resources are amplified by the incredible pace of technological transformation. One of the most obvious results is digital disruption, which is creating new business models, products, services and forms of delivery that transform existing markets. We can’t predict the exact course of disruption, but we can prepare our graduates to thrive in this world of greater volatility, uncertainty, complexity and ambiguity. Tackling these issues lies at the heart of the newly designed Monash MBA. Next-generation problems need more than the traditional disciplinary responses. Complex and difficult problems require innovative thinking and insights drawn from multiple business and scientific disciplines. That’s why we’ve moved away from studying the key functional business areas separately, to a more genuinely integrated approach.
We can’t predict the exact course of disruption, but we can prepare our graduates to thrive in this world of greater volatility, uncertainty, complexity and ambiguity.” 34
Contemporary theories and evidence-based models feature throughout the program. But they are integrated with strategy, marketing and accounting.
This kind of multidisciplinary analysis and application is needed by our next generation of managers. In our Monash MBA, nextgeneration problems are not theoretical; students will take them on as real consulting projects – for clients – throughout the two-year program. So, in addition to being the next-generation MBA, the program is the MBA of management practice. In our series of MBA Labs units, team-based project units focus on business strategy, technological and scientific innovation, entrepreneurship and commercialisation, and an international business challenge. Increasingly, it’s not just what you know, it’s what you can do that makes the difference. In order to compete globally, we need a global perspective. This is why one of our modules focuses on the transformations needed to progress the UN Sustainable Development Goals. How can managers and businesses use the global commitment to these goals to grow, prosper and make a positive impact on a changing world?
We give students the opportunity to study at international business schools and undertake live business projects in international markets.
PROFESSOR RICHARD HALL Deputy Dean, Leadership and Executive Education
Ultimately, next-generation management also requires a new approach to leadership. We challenge students to build on their emotional intelligence, resilience, capacity to motivate and lead teams, influence, negotiation skills and leadership of change. Our intensive, experiential faceto-face leadership classes are complemented and supported by our new custom-designed on-line leadership coaching app: leda. Using leda, our MBA students have constant access to the leadership development content, activities, exercises, reminders and refreshers they need, when they need them. With its focus on next-generation challenges, management practice, international business and practical leadership skills, we are proud of the impact our new MBA is already having on our students, their careers and their organisations. Welcome to the next-generation MBA.
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DEPUTY DEAN, RESEARCH
MONASH BUSINESS SCHOOL’S RESEARCH EXCELLENCE Monash Business School is justifiably proud of its record of research excellence and 2016 was a flagship year.
Late in 2016 the Australian Research Council (ARC) announced the outcome of the ARC Discovery and Discovery Early Career Researcher Award (DECRA) grants, commencing in 2017. Our performance in this highly competitive area places us well ahead of all other universities in the country. Monash Business School was awarded nine ARC Discovery Projects and one DECRA project. These highly soughtafter grants are designed to enhance international collaboration and expand Australia’s knowledge base and research capability. Our success rate was 42.9 per cent in the ARC Discovery Scheme and 20 per cent in the DECRA scheme. This is a truly excellent result and clearly demonstrates the considerable research strength and depth of Monash Business School.
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PROFESSOR GARY MAGEE Deputy Dean, Research
The $3.3 million awarded to Monash Business School researchers amounts to 27.8 per cent of all funds allocated by the ARC via its Discovery and DECRA schemes to business and economics disciplines this year. You may have already read about some of the outstanding research that will take place as a result of being awarded these ARC Discovery grants. I’d also like to briefly highlight several others. Although Australia’s superannuation is ranked third in the world in terms of retirement provision, research has identified it has one of the highest levels of relative poverty among the elderly in the OECD. Despite the large amounts of data collected through the welfare system, tax office and myriad longitudinal studies, very little research has been undertaken on the spending habits of retirees.
Professor Colin O’Hare from the Department of Econometric and Business Statistics this year received an ARC Linkage Grant to build a comprehensive picture of people’s retirement savings and spending habits with a view to the development of a model which can forecast how well the current superannuation system can provide moderate living incomes. The project, which includes CSIRO and industry researchers as partners, will also recommend improvements to the system. Inequality has become a defining feature of our times. The publication of the famous French economist Thomas Piketty’s highly influential book, Capital in the 21st Century, has sparked a surge of academic research on inequality and its relationship to economic growth. Indeed, it was a pleasure to welcome Professor Piketty to Monash Business School last year as our guest. Yet, as Professor Jakob Madsen from the Department
of Economics notes much of the empirical evidence and the theoretical foundations underpinning Piketty’s findings remain only partially explored. Professor Madsen current ARC-funded research, which no doubt will be of great interest to policy-makers, tests and extends Professor Piketty’s analysis by way of a detailed investigation of the factors shaping the growth of inequality in Australia and the OECD. In another outstanding ARCfunded project, Professor Jiti Gao, from the Department of Econometrics and Business Statistics, will develop a range of new flexible econometric models associated with estimation methods. These will help develop some user-friendly computational techniques and implementational tools for empirical researchers working with big data sets. The techniques he is pioneering will, among other things, help industry and policy-makers Impact Review 2016
better understand Chinese manufacturing firms and their relevance to the Australian economy, while his empirical analysis of the Victorian hospital waiting-list data will contribute to good decision-making in the health sector. In other areas of research, Professor Helen De Cieri, from the Department of Management, is leading a team which identified and adapted an international occupational health and safety (OHS) tool used to measure the positive practices (known as leading indicators) in place to ensure worker safety.
in depth across all of our disciplines and with special force around our interdisciplinary research themes of global business, health and well being, sustainability and development. As the influential QS World University Rankings by Subject for 2016/17 confirms, our reputation as a leading international research-intensive business school continues to grow. In 2016/17 we improved our position in the rankings in Business and Management, while maintaining our high ranking in Economics and Econometrics.
Her team developed the Organisational Performance Metric – Monash University (OPM-MU) and in 2016 tested and assessed its effectiveness in a number of Australian workplaces. Of course, these examples of impactful research represent only the tip of the iceberg. World class research continues
Monash Business School was awarded nine ARC Discovery Projects and one DECRA project.” 37
DEPUTY DEAN, EDUCATION
PLACING STUDENTS AT THE CENTRE OF WHAT WE DO To help our students create an impact on a changing world, we do more than simply teach. Gaining valuable industry experience is at the core of the student experience at Monash Business School.
Our placements and projects give students the opportunity to gain valuable industry experience in government and private sectors, non-government organisations, and not-for-profit organisations, both in Australia and internationally. These industry experiences help students make the link between academic study and the workplace, while stimulating significant personal development. Commerce student, Andrew Craig gained a rare insight into the functioning of the US government through an internship in the US House of Representatives Committee on Transportation Infrastructure Minority Office in Washington DC. This placement was organised through the UniCapitol Washington Internship Program (UCWIP) offered at Monash.
These industry experiences help students make the link between academic study and the workplace, while stimulating significant personal development.” 38
The greatest highlight of the trip was sitting in the gallery listening as a speech he’d written was read out on the House floor. It was then reported on by US media. “Having a speech I wrote get press coverage was a great experience and one I will remember forever,” he says.
Bachelor of Business student, Fletcher Kearney was part of the pilot team that helped the Australian Football League (AFL) launch the first-ever AFL Women’s league (AFLW). Fletcher says the experience not only taught him invaluable business marketing skills but helped him develop as a person. “It was exciting to hear that this type of structure was a first for the business and that we would be breaking new ground,” he says. “As the siren sounded to signal the start of the first ever AFL Women’s match I felt a wave of pride wash over me.” Fletcher has now accepted a graduate role with the AFL. Another Monash Business School student was recently placed at the Australian embassy in Jakarta, working on promotion of trade between Australia and Indonesia.
The program helps students apply their academic discipline knowledge in a practical setting, honing their communication and teamwork skills in interdisciplinary teams of students.
PROFESSOR ROBERT BROOKS Deputy Dean, Education
We could not provide such a wide and varied program without the support of large, medium and small domestic and international organisations that cover the range of business disciplines taught by the Monash Business School. These include: Pitcher Partners; Grant Thornton; the ‘big four’ of Deloitte, EY, KPMG and PwC; NAB; ANZ; ARUP; Telstra; Mercedes-Benz; World Vision; Adidas; Puma; Adecco; Standard & Poors; Shell; Medibank; Metro Trains; Red Bull; IBM; Hallmark; Goldman Sachs; Tennis Australia; Hawthorn FC; City of Casey and Casey Scorpions.
The Business School is also particularly proud of our involvement in the MultiDisciplinary Clinic (MDC) at the Monash-Oakleigh Legal Service (MOLS). In this uniqueto-Australia program, a team of three students – chosen from law, social work and business – assist clients with legal, social and financial issues. Impact Review 2016
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DEPUTY DEAN, INTERNATIONAL
‘TRIPLE CROWN’ ACCREDITATION
COMMITTED TO QUALITY
Monash Business School is justifiably proud of being among the one per cent of global business schools to hold a ‘triple crown’ accreditation awarded by global accrediting bodies.
We re-affirmed our commitment to the implementation of the United Nations’ 17 Sustainable Development Goals (SDGs).” 40
Accreditation from the Association to Advance Collegiate Schools of Business (AACSB), EFMD Quality Improvement System (EQUIS) and Association of MBAs (AMBA) puts Monash Business School in the top echelon of business educators.
to undertake international exchanges at partner schools in addition to an internship with an international corporation. This program provides many opportunities for our students to develop and apply analytical and quantitative techniques in an international context.
In 2016, we retained this distinction with continuing accreditation of our MBA program from AMBA. Our accreditations are strong evidence of our commitment to quality and continuous improvement.
In November, we were delighted to host the 2016 Dean’s Annual Meeting and Student Graduation. We welcomed to our campus Deans representing 15 of the world’s leading business schools from 14 countries.
Our membership of the Quantitative Techniques for Economics and Management (QTEM) Network also enhances international opportunities for students and faculty by bringing together outstanding students, leading business schools and corporate partners.
Reflecting the truly global nature of the network, two of our own students graduated with a QTEM Masters alongside 23 other students from Italy, Belgium, Switzerland, Portugal, Norway and Germany. A strong QTEM alumni network enables our students to develop a set of connections that will take them into their future careers.
Postgraduate finance, economics and econometrics students have the opportunity
In meeting our goal to uphold the Principles of Responsible Management Education (PRME) and effective Globally Responsible Leadership Initiative (GRLI), the School joined the PRME Champions network in 2016, thus reaffirming our commitment to the implementation of the United Nations’ 17 Sustainable Development Goals (SDGs). The School’s pilot Take One Step online engagement platform was launched as part of the Champions’ call to action, in delivering a game-changing tool that encourages students to engage with the SDGs in their personal lives. Over six weeks, students uploaded their ‘step’ linking to one (or more) of the 17 SDGs, and shared their efforts on a social networking platform. We look forward to developing the program further in collaboration with the Monash Sustainable Development Institute. Impact Review 2016
The aim of the program is to educate students about the 17 SDGs through a range of quizzes, personal interactions and stories. Developed in collaboration with the Monash Sustainable Development Institute, the platform has great potential for both education providers and businesses.
PROFESSOR MICHAELA RANKIN Deputy Dean, International
As a priority, we’ve explored SDGs through education and research initiatives. For example, SDG 7: Affordable and Clean Energy is explored from an econometric perspective with MBA students examining forecasting and modelling of electricity load demand. The School’s Centre for Development Economics and Sustainability has also undertaken research on SDG 1: No Poverty and SDG 2: Zero Hunger, commissioned by the United Nations Food and Agriculture Organization.
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FACULTY GENERAL MANAGER
TRANSFORMING MONASH BUSINESS SCHOOL MICHELLE CLARKE Faculty General Manager
Importantly, it allows Monash Business School to pursue strategic opportunities in research and education, to seek new revenue streams and continue to build enduring relationships with industry, government and other stakeholders.
THE TEAMS
The Monash Business School Strategic Plan (2016–2018) sets out an ambitious goal to become one of the top tier business schools in the world. To achieve this, we recognised the need to build on existing professional capabilities and invest in newer, more specialised areas, as well as realise business opportunities and meet future demand in priority areas. Throughout 2016 and into 2017, we have been shifting from ‘departmental’ to a ‘whole of organisation’ approach, aimed at minimising duplication and improving service levels and support for academic and student cohorts. A centralised reporting structure presents clear benefits and enables an integrated and strategic approach to decisionmaking and service delivery across the Business School.
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Our realigned organisational structure now gives us scope to build on our core capabilities.
Education Services Helping deliver the processes, policy and systems that underpin the management of Monash Business School’s courses, educational design and international partnerships.
Engagement and Marketing Services Enhancing our engagement and communication with stakeholders such as alumni, students, distinguished visitors, our staff and the public.
Operational Services
Performance and Quality Services
Managing the operational needs of the Business School, including space and equipment resources across all departments, teams and campus locations.
Covering the School’s accreditation, academic governance, analytics and strategy and planning.
Impact Review 2016
Finance Services Providing business partnership and strategic management accounting services to the School’s departments, research centres and functional teams.
Leadership and Executive Education Services Overseeing the delivery of programs aimed at executive and corporate markets, including the MBA/EMBA and executive education programs.
Research Services
Student Services
Supporting the research and funding activities of staff and Doctorate students, from enrolment to thesis submission.
Advising undergraduate and postgraduate coursework students from selection and enrolment to graduation.
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2016 PUBLICATIONS
TOP-RANKING PUBLICATIONS
Cheng, X, Cook, D & Hofmann, H 2016, Enabling Interactivity on Displays of Multivariate Time Series and Longitudinal Data Journal of Computational and Graphical Statistics, vol 25, no. 4, pp. 1057-1076. DOI: 10.1080/10618600.2015.1105749 Cheng, Z, King, SP, Smyth, R & Wang, H 2016, Housing property rights and subjective wellbeing in urban China European Journal of Political Economy, vol 45, no. Supplement, pp. 160-174. DOI: 10.1016/j.ejpoleco.2016.08.002
The high calibre work of Monash Business School researchers appears in some of the world's leading journals.
Ahmad, K, Han, JG, Hutson, E, Kearney, C & Liu, S 2016, Media-expressed negative tone and firm-level stock returns Journal of Corporate Finance, vol 37, pp. 152-172. DOI: 10.1016/j.jcorpfin.2015.12.014 Alqahtani, F, Mayes, DG & Brown, K 2016, Economic turmoil and Islamic banking: Evidence from the Gulf Cooperation Council Pacific Basin Finance Journal, vol 39, pp. 44-56. DOI: 10.1016/j.pacfin.2016.05.017 Anderson, H, Ramsay, I & Welsh, M 2016, Illegal phoenix activity: Quantifying its incidence and cost Insolvency Law Journal, vol 24, no. 2, pp. 95-110. An, Z, Li, D & Yu, J 2016, Earnings management, capital structure, and the role of institutional environments Journal of Banking and Finance, vol 68, pp. 131-152. DOI: 10.1016/j.jbankfin.2016.02.007 Athanasopoulos, G, Poskitt, DS, Vahid, F & Yao, W 2016, Determination of long-run and short-run dynamics in EC-VARMA models via canonical correlations Journal of Applied Econometrics, vol 31, no. 6, pp. 1100-1119. DOI: 10.1002/jae.2484 Azmat, S, Jalil, MN, Skully, MT & Brown, KE 2016, Investor’s choice of Shariah compliant ‘replicas’ and original Islamic instruments Journal of Economic Behavior and Organization, vol 132, no. Supplement, pp. 4-22. DOI: 10.1016/j.jebo.2016.07.018 Bai, P & Cheng, W 2016, Labour misallocation in China: 19802010 Applied Economics, vol 48, no. 25, pp. 2321 - 2332. DOI: 10.1080/00036846.2015.1119790
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Bardoel, A & Drago, R 2016, Does the quality of information technology support affect work–life balance?: A study of Australian physicians International Journal of Human Resource Management, vol 27, no. 21, pp. 2604-2620. DOI: 10.1080/09585192.2016.1232293 Bardoel, EA 2016, Work–life management tensions in multinational enterprises (MNEs) The International Journal of Human Resource Management, vol 27, no. 15, pp. 1681-1709. DOI: 10.1080/09585192.2015.1074089 Barros, C, Teo, E-J & Hinchliffe, S 2016, Clash of the deeming provisions: pre-CGT concessions, tax consolidation and policy in the Federal Court Australian Tax Forum, vol 31, no. 3, pp. 509-525. Batten, JA, Lucey, BM & Peat, M 2016, Gold and silver manipulation: What can be empirically verified? Economic Modelling, vol 56, pp. 168-176. DOI: 10.1016/j.econmod.2016.03.005 Batten, JA & Szilagyi, PG 2016, The internationalisation of the RMB: New starts, jumps and tipping points Emerging Markets Review, vol 28, pp. 221238. DOI: 10.1016/j.ememar.2016.02.006 Bergmeir, C, Hyndman, RJ & Benitez, JM 2016, Bagging exponential smoothing methods using STL decomposition and Box-Cox transformation International Journal of Forecasting, vol 32, no. 2, pp. 303 - 312. DOI: 10.1016/j. ijforecast.2015.07.002 Bollen, B & Gharghori, P 2016, How is β related to asset returns? Applied Economics, vol 48, no. 21, pp. 1925-1935. DOI: 10.1080/00036846.2015.1111985
Borland, H, Ambrosini, V, Lindgreen, A & Vanhamme, J 2016, Building Theory at the Intersection of Ecological Sustainability and Strategic Management Journal of Business Ethics, vol 135, no. 2, pp. 293-307. DOI: 10.1007/s10551-014-2471-6 Brown, CA, Handley, J, Lin, C-T & Palmer, K 2016, Partial differential equations for Asian option prices Quantitative Finance, vol 16, no. 3, pp. 447-460. DOI: 10.1080/14697688.2015.1052838 Carrieri, V & Jones, AM 2016, Smoking for the poor and vaping for the rich?: Distributional concerns for novel nicotine delivery systems Economics Letters, vol 149, pp. 71-74. DOI: 10.1016/j. econlet.2016.10.012 Chai, D & Do, B 2016, Co-existence of short-term reversals and momentum in the Australian equity market Australian Journal of Management, vol 41, no. 1, pp. 55-76. DOI: 10.1177/0312896214535789 Charwat, N 2016, Who participates as amicus curiae in World Trade Organisation dispute settlement and why?: Who participates as amicus curiae in WTO New Zealand Universities Law Review, vol 27, no. 2, 6, pp. 337-364. Chen, C, Chen, Y, Hsu, P-H & Podolski, EJ 2016, Be nice to your innovators:: Employee treatment and corporate innovation performance Journal of Corporate Finance, vol 39, pp. 78-98. DOI: 10.1016/j.jcorpfin.2016.06.001 Cheng, W & Zhang, D 2016, How might the South be helped by Northern technology yet harmed by Northern money? Economic Modelling, vol 55, pp. 83-91. DOI: 10.1016/j.econmod.2016.01.020
Chenhall, R, Hall, M & Smith, D 2016, Managing identity conflicts in organizations: A case study of one welfare nonprofit organization Nonprofit and Voluntary Sector Quarterly, vol 45, no. 4, pp. 669-687. DOI: 10.1177/0899764015597785 Chen, J, Yang, X & Smith, RE 2016, The effects of creativity on advertising wear-in and wear-out Journal of the Academy of Marketing Science, vol 44, no. 3, pp. 334 349. DOI: 10.1007/s11747-014-0414-5 Chen, VJH, Ramsay, IM & Welsh, MA 2016, Corporate law reform in Australia: An analysis of the influence of ownership structures and corporate failure Australian Business Law Review, vol 44, no. 1, pp. 18 - 34. Chen, Y, Murgulov, Z, Rhee, SG & Veeraraghavan, M 2016, Religious beliefs and local government financing, investment, and cash holding decisions Journal of Empirical Finance, vol 38, pp. 258-271. DOI: 10.1016/j.jempfin.2016.07.009 Chen, Y, Tang, G, Lee Cooke, F & Jin, J 2016, How does executive strategic human resource management link to organizational ambidexterity? An empirical examination of manufacturing firms in China Human Resource Management, vol 55, no. 5, pp. 919-943. DOI: 10.1002/hrm.21797 Chen, Z 2016, Collusion and biased tournaments European Economic Review, vol 85, pp. 127-143. DOI: 10.1016/j. euroecorev.2016.02.009 Cheok, J, Aleti, T & Hede, A-M 2016, Stereotyping - Predispositions, activations and applications in cross-cultural service interactions: Views from service providers in Malaysia Journal of Vacation Marketing, vol 22, no. 2, pp. 98 - 110. DOI: 10.1177/1356766715604661
Impact Review 2016
Chih, Y-Y, Kiazad, K, Zhou, L, Capezio, A, Li, M & Restubog, SLD 2016, Investigating employee turnover in the construction industry: A psychological contract perspective Journal of Construction Engineering and Management - ASCE, vol 142, no. 6, 04016006, pp. 1-9. DOI: 10.1061/(ASCE)CO.1943-7862.0001101 Choe, C & Raschky, P 2016, Media, institutions, and government action: Prevention vs. palliation in the time of cholera European Journal of Political Economy, vol 41, pp. 75 - 93. DOI: 10.1016/j.ejpoleco.2015.11.001 Choi, C-Y & Choi, H 2016, The role of two frictions in geographic price dispersion: When market friction meets nominal rigidity Journal of International Money and Finance, vol 63, pp. 1 - 27. DOI: 10.1016/j. jimonfin.2015.12.014 Cobb-Clark, D, Kassenboehmer, S & Sinning, M 2016, Locus of control and savings Journal of Banking and Finance, vol 73, pp. 113-130. DOI: 10.1016/j. jbankfin.2016.06.013 Comerton-Forde, C, Do, BH, Gray, P & Manton, T 2016, Assessing the information content of short-selling metrics using daily disclosures Journal of Banking and Finance, vol 64, pp. 188-204. DOI: 10.1016/j.jbankfin.2015.12.009 Coney, P & Coney, C 2016, The Whistleblower Protection Act (Japan) 2004: A critical and comparative analysis of corporate malfeasance in Japan Monash University Law Review, vol 42, no. 1, pp. 41-71. Cooke, FL, Xie, Y & Duan, H 2016, Workers’ grievances and resolution mechanisms in Chinese manufacturing firms: key characteristics and the influence of contextual factors International Journal of Human Resource Management, vol 27, no. 18, pp. 2119-2141. DOI: 10.1080/09585192.2016.1164224 Crouch, GI, Huybers, T & Oppewal, H 2016, Inferring future vacation experience preference from past vacation choice: A latent class analysis Journal of Travel Research, vol 55, no. 5, pp. 574 - 587. DOI: 10.1177/0047287514564994
Cui, J, In, F & Maharaj, EA 2016, What drives the Libor–OIS spread?: Evidence from five major currency Libor– OIS spreads International Review of Economics and Finance, vol 45, pp. 358375. DOI: 10.1016/j.iref.2016.04.002 Dabner, J 2016, Fiscal responses to climate change in Australia: A comparison with California Australian Tax Forum, vol 31, no. 1, pp. 131 - 166. Dabner, J 2016, Resolving Australian Tax Controversies: Does the Tax Jurisprudence under the European Convention on Human Rights Suggest a Better Way? Australian Tax Forum, vol 32, no. 2, pp. 213-256. Danaher, PJ, Sajtos, L & Danaher, TS 2016, Does the reward match the effort for loyalty program members? Journal of Retailing and Consumer Services, vol 32, pp. 23-31. DOI: 10.1016/j.jretconser.2016.05.015 Ding, Y & Keh, HT 2016, A re-examination of service standardization versus customization from the consumer’s perspective Journal of Services Marketing, vol 30, no. 1, pp. 16 - 28. DOI: 10.1108/ JSM-02-2015-0088 Doan, MP, Alexeev, V & Brooks, RD 2016, Concurrent momentum and contrarian strategies in the Australian stock market Australian Journal of Management, vol 41, no. 1, pp. 77 - 106. DOI: 10.1177/0312896214534864 Do, BH, Foster, A & Gray, P 2016, The profitability of volatility spread trading on ASX equity options Journal of Futures Markets, vol 36, no. 2, pp. 107-126. DOI: 10.1002/fut.21729 Doble, BM & Lorgelly, PK 2016, Mapping the EORTC QLQ-C30 onto the EQ-5D3L: Assessing the external validity of existing mapping algorithms Quality of Life Research, vol 25, no. 4, pp. 891 - 911. DOI: 10.1007/s11136-015-1116-2 Do, HX, Brooks, R, Treepongkaruna, S & Wu, E 2016, Stock and currency market linkages: new evidence from realized spillovers in higher moments International Review of Economics and Finance, vol 42, pp. 167-185. DOI: 10.1016/j. iref.2015.11.003
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2016 PUBLICATIONS (CONTINUED)
Dong, C, Gao, J & Tjostheim, DB 2016, Estimation for single-index and partially linear single-index integrated models Annals of Statistics, vol 44, no. 1, pp. 425 - 453. DOI: 10.1214/15-AOS1372 Duffy, M 2016, Two’s company, three’s a crowd? Regulating third-party litigation funding, claimant protection in the tripartite contract, and the lens of theory University of New South Wales Law Journal, vol 39, no. 1, pp. 165 - 205. Dumrongrittikul, T & Anderson, HM 2016, How do shocks to domestic factors affect real exchange rates of Asian developing countries? Journal of Development Economics, vol 119, pp. 67 - 85. DOI: 10.1016/j.jdeveco.2015.10.004 Du, Q & Wei, S-J 2016, A Darwinian perspective on “exchange rate undervaluation” European Economic Review, vol 83, pp. 111-138. DOI: 10.1016/j.euroecorev.2015.12.010 Durand, RB, Limkriangkrai, M & Chai, D 2016, The Australian asset-pricing debate Accounting and Finance, vol 56, no. 2, pp. 393-421. DOI: 10.1111/acfi.12097 Dzhumashev, R 2016, The role of income uncertainty in the corruption-growth nexus The BE Journal of Economic Analysis & Policy, vol 16, no. 2, pp. 1169 - 1201. DOI: 10.1515/bejeap-2015-0056 Fan, D, Cui, L, Li, Y & Zhu, CJ 2016, Localized learning by emerging multinational enterprises in developed host countries: A fuzzy-set analysis of Chinese foreign direct investment in Australia International Business Review, vol 25, no. 1A, pp. 187– 203. DOI: 10.1016/j.ibusrev.2014.12.005 Fan, D, Xia, J, Zhang, MM, Zhu, CJ & Li, Z 2016, The paths of managing international human resources of emerging market multinationals: Reconciling strategic goal and control means Human Resource Management Review, vol 26, no. 4, pp. 298-310. DOI: 10.1016/j.hrmr.2016.04.003 Fehrenbacher, DD 2016, Perceptions of information quality dimensions from the perspective of commodity theory Behaviour and Information Technology, vol 35, no. 4, pp. 254-267. DOI: 10.1080/0144929X.2015.1128974
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Fenech, JP, Yap, YK & Shafik, S 2016, Modelling the recovery outcomes for defaulted loans: A survival analysis approach Economics Letters, vol 145, pp. 79-82. DOI: 10.1016/j. econlet.2016.05.015
Gangadharan, L, Jain, T, Maitra, P & Vecci, J 2016, Social identity and governance: the behavioral response to female leaders European Economic Review, vol 90, pp. 302-325. DOI: 10.1016/j. euroecorev.2016.01.003
Feng, T & Wang, D 2016, The influence of environmental management systems on financial performance: A moderatedmediation analysis Journal of Business Ethics, vol 135, no. 2, pp. 265-278. DOI: 10.1007/s10551-014-2486-z
Gao, J & Robinson, PM 2016, Inference on nonstationary time series with moving mean Econometric Theory, vol 32, no. 2, pp. 431 - 457. DOI: 10.1017/S0266466614000875
Ferraro, C, Sands, S & Brace-Govan, J 2016, The role of fashionability in secondhand shopping motivations Journal of Retailing and Consumer Services, vol 32, pp. 262-268. DOI: 10.1016/j. jretconser.2016.07.006 Forbes, C 2016, In-sample confidence bands and out-of-sample forecast bands for time-varying parameters: Some comments International Journal of Forecasting, vol 32, no. 3, pp. 888-890. DOI: 10.1016/j.ijforecast.2016.04.001 Frazier, DT & Liu, XM 2016, A new approach to risk-return trade-off dynamics via decomposition Journal of Economic Dynamics and Control, vol 62, pp. 43 - 55. DOI: 10.1016/j.jedc.2015.11.002 Frost, L, Lightbody, M, Carter, A & Halabi, A 2016, A cricket ground or a football stadium?: The business of ground sharing at the Adelaide Oval before 1973 Businesss History, vol 58, no. 8, pp. 1164-1182. DOI: 10.1080/00076791.2016.1167188 Fujimoto, Y, Ferdous, AS, Sekiguchi, T & Sugianto, LF 2016, The effect of mobile technology usage on work engagement and emotional exhaustion in Japan Journal of Business Research, vol 69, no. 9, pp. 3315-3323. DOI: 10.1016/j. jbusres.2016.02.013 Galagedera, DUA, Watson, J, Premachandra, IM & Chen, Y 2016, Modeling leakage in two-stage DEA models: An application to US mutual fund families Omega, vol 61, pp. 62 - 67. DOI: 10.1016/j.omega.2015.07.007 Gamble, R 2016, Not a class act (yet): Europe moves softly towards collective redress E C L R: European Competition Law Review, vol 37, no. 1, pp. 14-24.
Ge, L, Lin, T-C & Pearson, ND 2016, Why does the option to stock volume ratio predict stock returns? Journal of Financial Economics, vol 120, no. 3, pp. 601 - 622. DOI: 10.1016/j.jfineco.2015.08.019 Gomis-Porqueras, P, Moslehi, S & Suen, RMH 2016, The role of dietary choices and medical expenditures on health outcomes when health shocks are endogenous Economic Modelling, vol 54, pp. 13-25. DOI: 10.1016/j.econmod.2015.11.024 Greco, G, Lorgelly, P & Yamabhai, I 2016, Outcomes in economic evaluations of public health interventions in lowand middle-income countries: Health, capabilities and subjective wellbeing Health Economics, vol 25, pp. 83-94. DOI: 10.1002/hec.3302 Greenwood, M 2016, Approving or improving research ethics in management journals Journal of Business Ethics, vol 137, no. 3, pp. 507-520. DOI: 10.1007/s10551015-2564-x Groth, C & Madsen, JB 2016, Mediumterm fluctuations and the “Great Ratios” of economic growth Journal of Macroeconomics, vol 49, pp. 149-176. DOI: 10.1016/j.jmacro.2016.07.001 Gu, J, Nielsen, I, Shachat, J, Smyth, R & Peng, Y 2016, An experimental study of the effect of intergroup contact on attitudes in urban China Urban Studies, vol 53, no. 14, pp. 2991-3006. DOI: 10.1177/0042098015598730 Guo, W, Krever, R & Teoh, J 2016, Seconded UK employees as a permanent establishment in China British Tax Review, vol 1, no. 2016, pp. 119 - 128. Gurrieri, L, Brace-Govan, J & Cherrier, H 2016, Controversial advertising: Transgressing the taboo of gender based violence European Journal of Marketing, vol 50, no. 7/8, pp. 1448-1469. DOI: 10.1108/ EJM-09-2014-0597
Hahn, Y & Yang, H-S 2016, Do Work Decisions among Young Adults Respond to Extended Dependent Coverage? Industrial and Labor Relations Review, vol 69, no. 3, pp. 737-771. Harris, AH, Li, JJ & Yong, KKL 2016, What can we expect from value-based funding of medicines? A retrospective study PharmacoEconomics, vol 34, no. 4, pp. 393 - 402. DOI: 10.1007/s40273-0150354-z Hong, T & Fan, S 2016, Probabilistic electric load forecasting: A tutorial review International Journal of Forecasting, vol 32, no. 3, pp. 914-938. DOI: 10.1016/j. ijforecast.2015.11.011 Hong, T, Pinson, P, Fan, S, Zareipour, H, Troccoli, A & Hyndman, RJ 2016, Probabilistic energy forecasting: Global Energy Forecasting Competition 2014 and beyond International Journal of Forecasting, vol 32, no. 3, pp. 896-913. DOI: 10.1016/j. ijforecast.2016.02.001 Hosseinzadeh, A, Smyth, RL, Valadkhani, A & Le, V 2016, Analyzing the efficiency performance of major Australian mining companies using bootstrap data envelopment analysis Economic Modelling, vol 57, pp. 26 - 35. DOI: 10.1016/j. econmod.2016.04.008 Huang, T-C, Chang, H & Chiou, J-R 2016, Audit market concentration, audit fees, and audit quality: evidence from China Auditing, vol 35, no. 2, pp. 121-145. DOI: 10.2308/ ajpt-51299 Huo, B, Han, Z & Prajogo, DI 2016, Antecedents and consequences of supply chain information integration: A resourcebased view Supply Chain Management, vol 21, no. 6, pp. 661-677. DOI: 10.1108/ SCM-08-2015-0336 Hyndman, RJ, Lee, AJ & Wang, YE 2016, Fast computation of reconciled forecasts for hierarchical and grouped time series Computational Statistics and Data Analysis, vol 97, pp. 16 - 32. DOI: 10.1016/j. csda.2015.11.007 Ilicic, J, Baxter, S & Kulczynski, A 2016, The impact of age on consumer attachment to celebrities and endorsed brand attachment Journal of Brand Management, vol 23, no. 3, pp. 273 - 288. DOI: 10.1057/bm.2016.5
Impact Review 2016
Ilicic, J, Baxter, S & Kulczynski, A 2016, White eyes are the window to the pure soul: metaphorical association and overgeneralization effects for spokespeople with limbal rings International Journal of Research in Marketing, vol 33, no. 4, pp. 840-855. DOI: 10.1016/j. ijresmar.2016.02.001
Johnston, DW, Kassenboehmer, S & Shields, MA 2016, Financial decisionmaking in the household: Exploring the importance of survey respondent, health, cognitive ability and personality Journal of Economic Behavior and Organization, vol 132, no. Part A, pp. 42-61. DOI: 10.1016/j. jebo.2016.09.014
Ilicic, J & Webster, C 2016, Being true to oneself: investigating celebrity brand authenticity Psychology & Marketing, vol 33, no. 6, pp. 410-420. DOI: 10.1002/ mar.20887
Johnston, DW & Lordan, G 2016, Racial prejudice and labour market penalties during economic downturns European Economic Review, vol 84, pp. 57-75. DOI: 10.1016/j.euroecorev.2015.07.011
Islam, A & Lee, W-S 2016, Bureaucratic corruption and income: Evidence from the land sector in Bangladesh Journal of Development Studies, vol 52, no. 10, pp. 1499-1516. DOI: 10.1080/00220388.2016.1146702
Johnston, DW, Shields, MA & Siminski, P 2016, Long-term health effects of Vietnam-era military service: A quasiexperiment using Australian conscription lotteries Journal of Health Economics, vol 45, pp. 12-26. DOI: 10.1016/j. jhealeco.2015.11.003
Islam, A, Maitra, C, Pakrashi, D & Smyth, RL 2016, Microcredit programme participation and household food security in rural Bangladesh Journal of Agricultural Economics, vol 67, no. 2, pp. 448 - 470. DOI: 10.1111/1477-9552.12151 Islam, A, Ouch, C, Smyth, R & Wang, LC 2016, The long-term effects of civil conflicts on education, earnings, and fertility: Evidence from Cambodia Journal of Comparative Economics, vol 44, no. 3, pp. 800-820. DOI: 10.1016/j.jce.2015.05.001 Islam, A & Parasnis, J 2016, Native-migrant wage differential across occupations: Evidence from Australia International Migration, vol 54, no. 3, pp. 89 - 109. DOI: 10.1111/imig.12236 Janke, K, Propper, C & Shields, MA 2016, Assaults, murders and walkers: The impact of violent crime on physical activity Journal of Health Economics, vol 47, pp. 34-49. DOI: 10.1016/j.jhealeco.2016.01.006 Jiang, Y, Ramkissoon, H & Mavondo, F 2016, Destination marketing and visitor experiences: the development of a conceptual framework Journal of Hospitality Marketing and Management, vol 25, no. 6, pp. 653-675. DOI: 10.1080/19368623.2016.1087358
Joshi, MS & Zhu, D 2016, An exact method for the sensitivity analysis of systems simulated by rejection techniques European Journal of Operational Research, vol 254, no. 3, pp. 875-888. DOI: 10.1016/j. ejor.2016.04.024 Joshi, MS & Zhu, D 2016, The efficient computation and the sensitivity analysis of finite-time ruin probabilities and the estimation of risk-based regulatory capital ASTIN Bulletin, vol 46, no. 2, pp. 431-467. DOI: 10.1017/asb.2016.5 Kaplanski, G, Levy, H, Veld, CH & VeldMerkoulova, Y 2016, Past returns and the perceived Sharpe ratio Journal of Economic Behavior and Organization, vol 123, pp. 149-167. DOI: 10.1016/j.jebo.2015.11.010 Keh, HT, Park, IH, Kelly, SJ & Du, X 2016, The effects of model size and race on Chinese consumers’ reactions: A social comparison perspective Psychology & Marketing, vol 33, no. 3, pp. 177 - 194. DOI: 10.1002/mar.20864 Keh, HT, Torelli, CJ, Chiu, CY & Hao, J 2016, Integrative responses to culture mixing in brand name translations: The roles of product self-expressiveness and self-relevance of values among bicultural Chinese consumers Journal of Cross-Cultural Psychology, vol 47, no. 10, pp. 1345-1360. DOI: 10.1177/0022022116667843
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2016 PUBLICATIONS (CONTINUED)
Khan, AR & Poskitt, DS 2016, Signal identication in singular spectrum analysis Australian & New Zealand Journal of Statistics, vol 58, no. 1, pp. 71-98. DOI: 10.1111/anzs.12143 Kirk-Brown, A & Van Dijk, PA 2016, An examination of the role of psychological safety in the relationship between job resources, affective commitment and turnover intentions of Australian employees with chronic illness International Journal of Human Resource Management, vol 27, no. 14, pp. 1626-1641. DOI: 10.1080/09585192.2015.1053964 Kraal, D & Kasipillai, J 2016, Finally, a goods and services tax for Malaysia: A comparison to Australia’s GST experience Australian Tax Forum, vol 31, no. 2, pp. 257 - 287. Krever, R & Teoh, J 2016, Justice Edmonds and interpretation of Australia’s GST legislation Australian Tax Review, vol 45, no. 2, pp. 121 - 132. Kriss, PH, Weber, RA & Xiao, E 2016, Turning a blind eye, but not the other cheek: On the robustness of costly punishment Journal of Economic Behavior and Organization, vol 128, pp. 159-177. DOI: 10.1016/j.jebo.2016.05.017 Kulczynski, A, Ilicic, J & Baxter, S 2016, When Your Source Is Smiling, Consumers May Automatically Smile with You:: Investigating the Source Expressive Display Hypothesis Psychology & Marketing, vol 33, no. 1, pp. 5-19. DOI: 10.1002/mar.20857 Latimer, P 2016, Protecting consumers from unfair contract terms: Australian comparisons Australian Business Law Review, vol 44, no. 4, pp. 274-285. Latimer, P 2016, Repudiation of partnership contracts Australian Bar Review, vol 42, no. 2, pp. 170-188. La Vecchia, D 2016, Stable asymptotics for M-estimators International Statistical Review, vol 84, no. 2, pp. 267-290. DOI: 10.1111/insr.12102 Lean, HH, Mishra, V & Smyth, RL 2016, Conditional convergence in US disaggregated petroleum consumption at the sector level Applied Economics, vol 48, no. 32, pp. 3049 - 3061. DOI: 10.1080/00036846.2015.1133901
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Lee, B & Veld-Merkoulova, JW 2016, Myopic loss aversion and stock investments: An empirical study of private investors Journal of Banking and Finance, vol 70, pp. 235–246. DOI: 10.1016/j. jbankfin.2016.04.008
Madsen, JB 2016, Barriers to prosperity: Parasitic and infectious diseases, IQ, and economic development World Development, vol 78, pp. 172-187. DOI: 10.1016/j.worlddev.2015.10.032
Leroux, A & Martin, VL 2016, Hedging supply risks: An optimal water portfolio American Journal of Agricultural Economics, vol 98, no. 1, pp. 276 - 296. DOI: 10.1093/ajae/aav014
Madsen, JB 2016, Health, human capital formation and knowledge production: Two centuries of international evidence Macroeconomic Dynamics, vol 20, no. 4, pp. 909-953. DOI: 10.1017/ S1365100514000650
Li, D, Phillips, PCB & Gao, J 2016, Uniform consistency of nonstationary kernel-weighted sample covariances for nonparametric regression Econometric Theory, vol 32, no. 3, pp. 655-685. DOI: 10.1017/S0266466615000109
Madsen, JB & Ang, JB 2016, Finance-LED growth in the OECD since the nineteenth century: How does financial development transmit to growth? Review of Economics and Statistics, vol 98, no. 3, pp. 552-572. DOI: 10.1162/REST_a_00513
Li, D, Tjostheim, D & Gao, J 2016, Estimation in nonlinear regression with Harris recurrent Markov chains Annals of Statistics, vol 44, no. 5, pp. 1957-1987. DOI: 10.1214/15-AOS1379
Madsen, JB & Islam, MR 2016, Exploring the widening food gap: An international perspective Agricultural Economics, vol 47, no. 6, pp. 645-659. DOI: 10.1111/ agec.12262
Li, H, O’Hare, C & Vahid-Araghi, F 2016, Two dimensional kernel smoothing of mortality surface: An evaluation of cohort strength Journal of Forecasting, vol 35, no. 6, pp. 553-563. DOI: 10.1002/for.2399
Madsen, JB & Mamun, IUM 2016, Has the capital accumulation in the Asian miracle economies been fuelled by growth? Applied Economics, vol 48, no. 34, pp. 3175-3194. DOI: 10.1080/00036846.2015.1136398
Li, SM, Moslehi, S & Yew, SL 2016, Public–private mix of health expenditure: A political economy and quantitative analysis Canadian Journal of Economics, vol 49, no. 2, pp. 834-866. DOI: 10.1111/ caje.12216
Maggioni, I 2016, What drives customer loyalty in grocery retail?: Exploring shoppers’ perceptions through associative networks Journal of Retailing and Consumer Services, vol 33, pp. 120-126. DOI: 10.1016/j.jretconser.2016.08.012
Liu, Z, Min, Q, Zhai, Q & Smyth, RL 2016, Self-disclosure in Chinese micro-blogging:: A social exchange theory perspective Information and Management, vol 53, no. 1, pp. 53 - 63. DOI: 10.1016/j.im.2015.08.006
Maitra, P, Pal, S & Sharma, A 2016, Absence of altruism?: Female disadvantage in private school enrollment in India World Development, vol 85, pp. 105-125. DOI: 10.1016/j.worlddev.2016.04.005
Liu, Z, Prajogo, D & Oke, A 2016, Supply chain technologies: linking adoption, utilization, and performance Journal of Supply Chain Management, vol 52, no. 4, pp. 22-41. DOI: 10.1111/jscm.12117
Ma, J 2016, Does greater online assortment pay?: An empirical study using matched online and catalog shoppers Journal of Retailing, vol 92, no. 3, pp. 373-382. DOI: 10.1016/j.jretai.2016.05.004
Lorgelly, PK, Doble, BM, Knott, R, Thomas, DM, Fox, SB, Thorne, H, Parisot, JP, Doig, K, Fellowes, A, Dobrovic, A, James, PA, Lipton, L, Ashley, D, Hayes, TM, McMurrick, PJ, Richardson, GE, Lucas, MW, McNeil, JJ & John, T 2016, Realising the value of linked data to health economic analyses of cancer care: A case study of cancer 2015 PharmacoEconomics, vol 34, no. 2, pp. 139 - 154. DOI: 10.1007/s40273-0150343-2
Mangin, S & Zenou, Y 2016, Illegal migration and policy enforcement Economics Letters, vol 148, pp. 83-86. DOI: 10.1016/j.econlet.2016.09.012 Matanda, MJ, Ndubisi, NO & Jie, F 2016, Effects of relational capabilities and power asymmetry on innovativeness and flexibility of Sub-Sahara Africa small exporting firms Journal of Small Business Management, vol 54, no. 1, pp. 118 - 138. DOI: 10.1111/ jsbm.12134
Maxwell, A, Ozmen, M, Iezzi, A & Richardson, J 2016, Deriving population norms for the AQoL-6D and AQoL-8D multi-attribute utility instruments from webbased data Quality of Life Research, vol 25, pp. 3209-3219. DOI: 10.1007/s11136-0161337-z
Moroney, RA & Trotman, KT 2016, Differences in auditors’ materiality assessments when auditing financial statements and sustainability reports Contemporary Accounting Research, vol 33, no. 2, pp. 551-575. DOI: 10.1111/1911-3846.12162
McLoughlin, IP, Garrety, K, Wilson, R, Dalley, A & Yu, P 2016, Doing Infrastructural Work: the role of boundary objects in health information infrastructure projects Scandinavian Journal of Information Systems, vol 28, no. 2, 2, pp. 28-56.
Newman, A, Miao, Q, Hofman, PS & Zhu, CJ 2016, The impact of socially responsible human resource management on employees’ organizational citizenship behaviour: The mediating role of organizational identification The International Journal of Human Resource Management, vol 27, no. 4, pp. 440-445. DOI: 10.1080/09585192.2015.1042895
Meissner, M, Musalem, A & Huber, JC 2016, Eye tracking reveals processes that enable conjoint choices to become increasingly efficient with practice Journal of Marketing Research, vol 53, no. 1, pp. 1 17. DOI: 10.1509/jmr.13.0467 Min, B & Smyth, R 2016, How does leverage affect R&D intensity and how does R&D intensity impact on firm value in South Korea? Applied Economics, vol 48, no. 58, pp. 5667-5675. DOI: 10.1080/00036846.2016.1181836 Mintrom, M & Luetjens, J 2016, Design thinking in policymaking processes:: Opportunities and challenges Australian Journal of Public Administration, vol 75, no. 3, pp. 391-402. DOI: 10.1111/14678500.12211 Mishra, V & Smyth, RL 2016, Are natural gas spot and futures prices predictable? Economic Modelling, vol 54, pp. 178 - 186. DOI: 10.1016/j.econmod.2015.12.034 Moosa, IA & Vaz, JJ 2016, Cointegration as an explanation for the Meese– Rogoff puzzle Applied Economics, vol 48, no. 44, pp. 4201-4209. DOI: 10.1080/00036846.2016.1153793 Moosa, IA & Vaz, JJ 2016, Cointegration, error correction and exchange rate forecasting Journal of International Financial Markets, Institutions and Money, vol 44, pp. 21-34. DOI: 10.1016/j.intfin.2016.04.007 Morabito, V & Ekstein, J 2016, Class actions filed for the benefit of vulnerable persons - an Australian study Civil Justice Quarterly, vol 35, no. 1, pp. 61 - 88.
Impact Review 2016
Newman, A, Prajogo, DI & Atherton, A 2016, The Influence of Market Orientation on Innovation Strategies Journal of Service Theory and Practice, vol 26, no. 1, pp. 7290. DOI: 10.1108/JSTP-02-2015-0044 Newton, J, Wong, J & Newton, FJ 2016, Listerine – for the bridesmaid who’s never a bride: Disparaging humour increases brand attitude and recall among the powerless European Journal of Marketing, vol 50, no. 7/8, pp. 1137-1158. DOI: 10.1108/EJM06-2015-0321 Nguyen, M, Perera, S & Skully, M 2016, Bank market power, ownership, regional presence and revenue diversification: evidence from Africa Emerging Markets Review, vol 27, pp. 36-62. DOI: 10.1016/j. ememar.2016.03.001 Nyadzayo, MW, Matanda, MJ & Ewing, MT 2016, Franchisee-based brand equity:: The role of brand relationship quality and brand citizenship behavior Industrial Marketing Management, vol 52, pp. 163 - 174. DOI: 10.1016/j.indmarman.2015.07.008 O’Neill, PJ, Sohal, AS & Teng, CW 2016, Quality management approaches and their impact on firms’ financial performance: An Australian study International Journal of Production Economics, vol 171, no. 3, pp. 381-393. DOI: 10.1016/j. ijpe.2015.07.015 Palmeira, M, Pontes, N, Thomas, D & Krishnan, SH 2016, Framing as status or benefits?: Consumers’ reactions to hierarchical loyalty program communication European Journal of Marketing, vol 50, no. 3-4, pp. 488-508. DOI: 10.1108/EJM-022014-0116
Pan, X & Xiao, E 2016, It’s not just the thought that counts: An experimental study on the hidden cost of giving Journal of Public Economics, vol 138, pp. 22-31. DOI: 10.1016/j.jpubeco.2016.04.005 Patacchini, E & Zenou, Y 2016, Social networks and parental behavior in the intergenerational transmission of religion Quantitative Economics, vol 7, no. 3, pp. 969-995. DOI: 10.3982/QE506 Perera, A & Wickramanayake, J 2016, Determinants of commercial bank retail interest rate adjustments: Evidence from a panel data model Journal of International Financial Markets, Institutions and Money, vol 45, pp. 1-20. DOI: 10.1016/j. intfin.2016.05.006 Perera, I, Hidalgo, J & Silvapulle, MJ 2016, A goodness-of-fit test for a class of autoregressive conditional duration models Econometric Reviews, vol 35, no. 6, pp. 1111 - 1141. DOI: 10.1080/07474938.2014.975644 Peters, P, Ligthart, PEM, Bardoel, EA & Poutsma, E 2016, ‘Fit’ for telework’? Cross-cultural variance and task-control explanations in organizations’ formal telework practices The International Journal of Human Resource Management, vol 27, no. 21, pp. 2582-2603. DOI: 10.1080/09585192.2016.1232294 Petrovic, J, Stephens, D & Nastevski, V 2016, To arrest or not to arrest the incumbent head of state: the Bashir case and the interplay between law and politics Monash University Law Review, vol 42, no. 3, pp. 740-782. Pinto, D & Sadiq, K 2016, From Switzerland to New Zealand: Around the world in 13 cases Australian Tax Review, vol 45, no. 2, pp. 133 - 143. Poskitt, DS 2016, Vector autoregressive moving average identification for macroeconomic modeling: A new methodology Journal of Econometrics, vol 192, no. 2, pp. 468 - 484. DOI: 10.1016/j.jeconom.2016.02.011 Prajogo, DI 2016, The strategic fit between innovation strategies and business environment in delivering business performance International Journal of Production Economics, vol 171, no. 2, pp. 241-249. DOI: 10.1016/j.ijpe.2015.07.037
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2016 PUBLICATIONS (CONTINUED)
Prajogo, DI, Castka, P, Yiu, D, Yeung, ACL & Lai, K-H 2016, Environmental auditing and third party certification of management practices: Firms’ motives, audit orientations, and satisfaction with certification International Journal of Auditing, vol 20, no. 2, pp. 202-210. DOI: 10.1111/ijau.12068 Prajogo, DI & Oke, A 2016, Human capital, service innovation advantage, and business performance: The moderating roles of dynamic and competitive environments International Journal of Operations and Production Management, vol 36, no. 9, pp. 974-994. DOI: 10.1108/ IJOPM-11-2014-0537 Prajogo, DI, Oke, A & Olhager, JE 2016, Supply chain processes: Linking supply logistics integration, supply performance, lean processes, and competitive performance International Journal of Operations and Production Management, vol 36, no. 2, pp. 220-238. DOI: 10.1108/ IJOPM-03-2014-0129 Rafiq, S, Salim, RA & Smyth, RL 2016, The moderating role of firm age in the relationship between R&D expenditure and financial performance: Evidence from Chinese and US mining firms Economic Modelling, vol 56, pp. 122 - 132. DOI: 10.1016/j.econmod.2016.04.003
Saunders, SG, Barrington, DJ, Sridharan, S, Meo, S, Hadwen, WL, Shields, KF, Souter, R & Bartram, JK 2016, Addressing WaSH challenges in Pacific Island countries: A participatory marketing systems mapping approach to empower informal settlement community action Habitat International, vol 55, pp. 159-166. DOI: 10.1016/j.habitatint.2016.03.010 Schilling, C, Mortimer, D, Dalziel, K, Heeley, E, Chalmers, JP & Clarke, P 2016, Using classification and regression trees (CART) to identify prescribing thresholds for cardiovascular disease PharmacoEconomics, vol 34, no. 2, pp. 195 - 205. DOI: 10.1007/s40273-0150342-3 Schwarz, G, Newman, A, Cooper, B & Eva, N 2016, Servant leadership and follower job performance: the mediating effect of public service motivation Public Administration, vol 94, no. 4, pp. 1025-1041. DOI: 10.1111/ padm.12266
Raschky, P & Schwindt, M 2016, Aid, catastrophes and the Samaritan’s dilemma Economica, vol 83, no. 332, pp. 624-645. DOI: 10.1111/ecca.12194
Schweinsberg, M, Madan, N, Vianello, M, Sommer, SA, Jordan, J, Tierney, W, Awtrey, E, Zhu, LL, Diermeier, D, Heinze, JE, Srinivasan, M, Tannenbaum, D, Bivolaru, E, Dana, J, Davis-Stober, CP, du Plessis, C, Gronau, QF, Hafenbrack, AC, Liao, EY, Ly, A & Gu, J 2016, The pipeline project: Pre-publication independent replications of a single laboratory’s research pipeline Journal of Experimental Social Psychology, vol 66, pp. 55-67. DOI: 10.1016/j. jesp.2015.10.001
Ratan, A & Wen, Y 2016, Does regret matter in first-price auctions? Economics Letters, vol 143, pp. 114-117. DOI: 10.1016/j.econlet.2016.03.021
Seenivasan, S, Sudhir, K & Talukdar, D 2016, Do store brands aid store loyalty? Management Science, vol 62, no. 3, pp. 802 - 816. DOI: 10.1287/mnsc.2014.2133
Redmond, J, Wolfram Cox, JR, Curtis, JM, Kirk-Brown, A & Walker, B 2016, Beyond business as usual: How (and why) the habit discontinuity hypothesis can inform SME engagement in environmental sustainability practices Australasian Journal of Environmental Management, vol 23, no. 4, pp. 426-442. DOI: 10.1080/14486563.2016.1188424
Seenivasan, S & Talukdar, D 2016, Competitive effects of Wal-Mart supercenter entry:: Moderating roles of category and brand characteristics Journal of Retailing, vol 92, no. 2, pp. 218-225. DOI: 10.1016/j.jretai.2015.09.003
Riach, K, Rumens, N & Tyler, M 2016, Towards a Butlerian methodology: Undoing organizational performativity through anti-narrative research Human Relations, vol 69, no. 11, pp. 2069-2089. DOI: 10.1177/0018726716632050
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Seenivasan, S & Thomas, D 2016, Negative consequences of nutrition information disclosure on consumption behavior in quick-casual restaurants Journal of Economic Psychology, vol 55, pp. 51-60. DOI: 10.1016/j.joep.2016.02.009
Sembada, A, Tsarenko, Y & Tojib, D 2016, The Positive Effects of Customers’ Power on Their Behavioral Responses After Service Failure Journal of Service Research, vol 19, no. 3, pp. 337-351. DOI: 10.1177/1094670516645188
Sheehan, CR, De Cieri, HL, Cooper, B & Brooks, RD 2016, The impact of HR political skill in the HRM and organisational performance relationship Australian Journal of Management, vol 41, no. 1, pp. 161 181. DOI: 10.1177/0312896214546055
Sendjaya, S, Pekerti, AA, Hartel, CEJ, Hirst, G & Butar Butar, ID 2016, Are authentic leaders always moral? The role of Machiavellianism in the relationship between authentic leadership and morality Journal of Business Ethics, vol 133, no. 1, pp. 125 - 139. DOI: 10.1007/s10551-0142351-0
Sheehan, CR, Donohue, RD, Shea, TL, Cooper, B & De Cieri, HL 2016, Leading and lagging indicators of occupational health and safety: The moderating role of safety leadership Accident Analysis and Prevention, vol 92, pp. 130 - 138. DOI: 10.1016/j.aap.2016.03.018
Seyedghorban, Z, Tahernejad, H & Matanda, MJ 2016, Reinquiry into advertising avoidance on the Internet: A conceptual replication and extension Journal of Advertising, vol 45, no. 1, pp. 120 - 129. DOI: 10.1080/00913367.2015.1085819 Shafer, WE, Simmons, RS & Yip, RW 2016, Social responsibility, professional commitment and tax fraud Accounting, Auditing & Accountability Journal, vol 29, no. 1, pp. 111 - 134. DOI: 10.1108/AAAJ03-2014-1620 Shahriar, AZMD 2016, Exposure to Intimate Partner Violence and Repayment of Microcredit:: Evidence from Field Experiments in Bangladesh Journal of Banking and Finance, vol 72, pp. 1-14. DOI: 10.1016/j.jbankfin.2016.07.012 Shahriar, AZMD, Schwarz, S & Newman, AH 2016, Profit Orientation of Microfinance Institutions and Provision of Financial Capital to Business StartUps International Small Business Journal, vol 34, no. 4, pp. 532-552. DOI: 10.1177/0266242615570401
Shi, S, Valadkhani, A, Smyth, R & Vahid, F 2016, Dating the timeline of house price bubbles in Australian capital cities Economic Record, vol 92, no. 299, pp. 590-605. DOI: 10.1111/1475-4932.12284 Sibunruang, H, Garcia, PRJM & Tolentino, L 2016, Ingratiation as an adapting strategy: Its relationship with career adaptability, career sponsorship, and promotability Journal of Vocational Behavior, vol 92, pp. 135 - 144. DOI: 10.1016/j.jvb.2015.11.011 Silvapulle, P, Fenech, JP, Thomas, A & Brooks, R 2016, Determinants of sovereign bond yield spreads and contagion in the peripheral EU countries Economic Modelling, vol 58, pp. 83-92. DOI: 10.1016/j.econmod.2016.05.015 Smith, C & Riach, K 2016, Drug Taking and Employment: Exploring the Employable Citizen in UK Policy Sociology, vol 50, no. 1, pp. 24-42. DOI: 10.1177/0038038514554330 Steele, S, Chen, V & Ramsay, I 2016, An empirical study of Australian judicial decisions relating to insolvency practitioner remuneration Insolvency Law Journal, vol 24, no. 3, pp. 165-191.
Sharma, A, Etile, F & Sinha, K 2016, The effect of introducing a minimum price on the distribution of alcohol purchase: A counterfactual analysis Health Economics, vol 25, pp. 1182-1200. DOI: 10.1002/ hec.3388
Sutherland, CE 2016, Streamlining enterprise agreements to reduce complexity: An empirical assessment Australian Journal of Labour Law, vol 29, no. 1, pp. 25-57.
Sheehan, C, De Cieri, H, Cooper, B & Shea, T 2016, Strategic implications of HR role management in a dynamic environment Personnel Review, vol 45, no. 2, pp. 353373. DOI: 10.1108/PR-04-2014-0071
Sutherland, CE 2016, The problem of uncertainty: An empirical analysis of indeterminate language and ambiguous provisions in enterprise agreements Federal Law Review, vol 44, no. 1, pp. 111-142. Sweeney, R & Mortimer, D 2016, Has the swap influenced aid flows in the health sector? Health Economics, vol 25, no. 5, pp. 559-577. DOI: 10.1002/hec.3170
Impact Review 2016
Tamaddoni Jahromi, A, Stakhovych, S & Ewing, MT 2016, Comparing churn prediction techniques and assessing their performance a contingent perspective Journal of Service Research, vol 19, no. 2, pp. 123 - 141. DOI: 10.1177/1094670515616376 Tiezzi, S & Xiao, E 2016, Time delay, complexity and support for taxation Journal of Environmental Economics and Management, vol 77, pp. 117-141. DOI: 10.1016/j.jeem.2016.03.002 Tran-Nam, B, Lignier, P & Evans, C 2016, The impact of recent tax changes on tax complexity and compliance costs: The tax practitioners’ perspective Australian Tax Forum, vol 31, no. 3, pp. 455-479. Vahabi, M & Hassani Mahmooei, B 2016, The role of identity and authority from anarchy to order: Insights from modelling the trajectory of duelling in Europe Economic Modelling, vol 55, pp. 57 - 72. DOI: 10.1016/j.econmod.2016.02.005 Valadkhani, A, Roshdi, I & Smyth, RL 2016, A multiplicative environmental DEA approach to measure efficiency changes in the world’s major polluters Energy Economics, vol 54, pp. 363 - 375. DOI: 10.1016/j.eneco.2015.12.018 Valadkhani, A & Smyth, R 2016, The effects of the motor vehicle industry on employment and research innovation in Australia International Journal of Manpower, vol 37, no. 4, pp. 684-708. DOI: 10.1108/ IJM-06-2015-0098 Voegtlin, C & Greenwood, M 2016, Corporate social responsibility and human resource management: A systematic review and conceptual analysis Human Resource Management Review, vol 26, no. 3, pp. 181-197. DOI: 10.1016/j.hrmr.2015.12.003
Wang, H, Koo, B & O’Hare, C 2016, Retirement planning in the light of changing demographics Economic Modelling, vol 52, pp. 749 - 763. DOI: 10.1016/j. econmod.2015.10.014 Wang, LC 2016, The effect of high-stakes testing on suicidal ideation of teenagers with reference-dependent preferences Journal of Population Economics, vol 29, no. 2, pp. 345-364. DOI: 10.1007/s00148015-0575-7 Watson, J, Delaney, J, Dempsey, M & Wickramanayake, J 2016, Australian superannuation (pension) fund product ratings and performance: A guide for fund managers Australian Journal of Management, vol 41, no. 2, pp. 189-211. DOI: 10.1177/0312896214543478 Welsh, M & Anderson, H 2016, The public enforcement of sanctions against illegal phoenix activity: Scope, rationale and reform Federal Law Review, vol 44, no. 2, pp. 201-225. Wijewardena, N, Samaratunge, R, Härtel, C & Kirk-Brown, A 2016, Why did the emu cross the road? Exploring employees’ perception and expectations of humor in the Australian workplace Australian Journal of Management, vol 41, no. 3, pp. 563-584. DOI: 10.1177/0312896215626231 Williams, B 2016, The impact of noninterest income on bank risk in Australia Journal of Banking and Finance, vol 73, pp. 16-37. DOI: 10.1016/j. jbankfin.2016.07.019 Wong, J, Newton, JD & Newton, FJ 2016, Powerlessness following service failure and its implications for service recovery Marketing Letters, vol 27, no. 1, pp. 63 75. DOI: 10.1007/s11002-014-9303-4
Wang, H, Cheng, Z & Smyth, R 2016, Language and consumption China Economic Review, vol 40, pp. 135-151. DOI: 10.1016/j.chieco.2016.06.009
Xiao, E & Kunreuther, H 2016, Punishment and cooperation in stochastic social dilemmas Journal of Conflict Resolution, vol 60, no. 4, pp. 670-693. DOI: 10.1177/0022002714564426
Wang, H, Cheng, Z & Smyth, RL 2016, Are Chinese workers compensated for occupational risk? Journal of Industrial Relations, vol 58, no. 1, pp. 111 - 130. DOI: 10.1177/0022185615598192
Xie, Y & Keh, HT 2016, Taming the blame game: using promotion programs to counter product-harm crises Journal of Advertising, vol 45, no. 2, pp. 211 - 226. DOI: 10.1080/00913367.2015.1134362 Xu, Y & Krever, R 2016, Applying VAT to financial services in China: Opportunities for China and lessons for the world? Australian Tax Review, vol 45, no. 1, pp. 38 - 49.
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2016 PUBLICATIONS (CONTINUED)
Yan, L, Liu, MT, Chen, X & Shi, G 2016, An arousal-based explanation of affect dynamics European Journal of Marketing, vol 50, no. 7/8, pp. 1159-1184. DOI: 10.1108/EJM-05-2015-0288 Yao, J & Oppewal, H 2016, Unit pricing increases price sensitivity even when products are of identical size Journal of Retailing, vol 92, no. 1, pp. 109 - 121. DOI: 10.1016/j.jretai.2015.09.002 Yao, J & Oppewal, H 2016, Unit pricing matters more when consumers are under time pressure European Journal of Marketing, vol 50, no. 5-6, pp. 1094-1114. DOI: 10.1108/EJM-03-2015-0122 Yen, C-H & Croy, WG 2016, Film tourism:: Celebrity involvement, celebrity worship and destination image Current Issues in Tourism, vol 19, no. 10, pp. 1027-1044. DOI: 10.1080/13683500.2013.816270 Zander, L, Jonsen, K & Mockaitis, AI 2016, Leveraging values in global organizations: Premises, paradoxes and progress Management International Review, vol 56, no. 2, pp. 149 - 169. DOI: 10.1007/ s11575-015-0277-0 Zhang, MM, McNeil, N, Bartram, T, Dowling, PJ, Cavanagh, J, Halteh, P & Bonias, DA 2016, Examining the ‘black box’ of human resource management in MNEs in China: Exploring country of origin effects International Journal of Human Resource Management, vol 27, no. 8, pp. 832 - 849. DOI: 10.1080/09585192.2015.1035305 Zhang, MM, Xia, J, Fan, D & Zhu, CJ 2016, Managing student diversity in business education: Incorporating campus diversity into the curriculum to foster inclusion and academic success of international students Academy of Management Learning and Education, vol 15, no. 2, pp. 366-380. DOI: 10.5465/amle.2014.0023 Zhong, A & Gray, P 2016, The MAX effect: An exploration of risk and mispricing explanations Journal of Banking and Finance, vol 65, pp. 76-90. DOI: 10.1016/j. jbankfin.2016.01.007
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