Religion, Finance and Ethics: Islamic and conventional perspectives on shared principles, practices, and financial institutions and instruments. By linking together specialists in finance, banking and religious history, with the Muslim Community Cooperative (Australia), this project explores communication and mutual benefit between international Islamic finance and conventional Western finance. It will propose new financial structures and instruments to expand the scope of Islamic finance, to m ....Religion, Finance and Ethics: Islamic and conventional perspectives on shared principles, practices, and financial institutions and instruments. By linking together specialists in finance, banking and religious history, with the Muslim Community Cooperative (Australia), this project explores communication and mutual benefit between international Islamic finance and conventional Western finance. It will propose new financial structures and instruments to expand the scope of Islamic finance, to maximise lending and investment opportunities in Australia, and to promote interaction between the Islamic and conventional financial sectors. The project will enable Australian researchers to work with international authorities in Islamic finance, promoting dialogue between Islamic and other groups, and increase investment and development within the Australian financial market.Read moreRead less
Making Ethics Work: A New Model for Business and Professional Ethics. Sound ethical practice is fundamental to long-term business success and organizational well-being. In developing a new framework for applied ethics, this project will enhance understanding of the foundations of ethics in business, organizational and professional contexts, as well as enabling improved ethical practice in those domains. As such, it will assist in strengthening Australia's social and cultural fabric, in promoting ....Making Ethics Work: A New Model for Business and Professional Ethics. Sound ethical practice is fundamental to long-term business success and organizational well-being. In developing a new framework for applied ethics, this project will enhance understanding of the foundations of ethics in business, organizational and professional contexts, as well as enabling improved ethical practice in those domains. As such, it will assist in strengthening Australia's social and cultural fabric, in promoting the conditions that facilitate innovation and creativity, in developing leadership capacities and organisational structures, and in supporting Australian business and industry through promoting greater ethical awareness and expertise.Read moreRead less
A Longitudinal Study of Recurrent Audit Failure in Australian Corporate Collapses from 1885 to the Present. As starkly illustrated with Enron in the US and with HIH in Australia, corporate collapse and audit failure may be interrelated. In response to repeated instances of audit failure, legislative and other reforms are typically adopted in order to ensure that auditor indiscretions are curtailed. Unfortunately, audit failure persists. This longitudinal Australian study of audit failure in the ....A Longitudinal Study of Recurrent Audit Failure in Australian Corporate Collapses from 1885 to the Present. As starkly illustrated with Enron in the US and with HIH in Australia, corporate collapse and audit failure may be interrelated. In response to repeated instances of audit failure, legislative and other reforms are typically adopted in order to ensure that auditor indiscretions are curtailed. Unfortunately, audit failure persists. This longitudinal Australian study of audit failure in the context of corporate collapse from the mid 1880s aims to enhance an understanding of audit failure and why it recurs. The study's findings are expected to inform future enquires and court cases and assist in developing public policy and future legislative reforms.Read moreRead less
The Value of CSR to Close Stakeholders: A Discrete Choice Modelling Approach. Increasingly corporations are being called to account for their social impact, not just reactively in the sense of compliance but also proactively to the degree that they are seen to be socially innovative. This project is important in assessing the degree to which such pressure is both warranted and effective. It is one thing for a society to wish that its corporations act in socially responsible ways, but quite anot ....The Value of CSR to Close Stakeholders: A Discrete Choice Modelling Approach. Increasingly corporations are being called to account for their social impact, not just reactively in the sense of compliance but also proactively to the degree that they are seen to be socially innovative. This project is important in assessing the degree to which such pressure is both warranted and effective. It is one thing for a society to wish that its corporations act in socially responsible ways, but quite another if employees, investors, analysts and customers do not respond positively to such initiatives.Read moreRead less
The Human Rights Responsibilities of Multinational Corporations. Human rights abuses are perpetrated by multinational corporations, yet they are subject to few laws protecting human rights. Given the global power of these bodies, it is imperative and inevitable that greater legal accountability mechanisms will be developed. Working with a consortium of major industry partners, this project will identify current legal obligations on corporations to protect human rights, their means of enforcemen ....The Human Rights Responsibilities of Multinational Corporations. Human rights abuses are perpetrated by multinational corporations, yet they are subject to few laws protecting human rights. Given the global power of these bodies, it is imperative and inevitable that greater legal accountability mechanisms will be developed. Working with a consortium of major industry partners, this project will identify current legal obligations on corporations to protect human rights, their means of enforcement and investigate their likely future extension in Australia and internationally. Best practice models for corporate compliance with these laws will be constructed and all results will be widely disseminated and accessible in a variety of formats.Read moreRead less
Pushing against globalisation: Understanding how state and non-state actors in socialist transforming East Asia shape global laws and regulations. Improving trade and investment with China and Vietnam is among Australia's foreign affairs and trade priorities. The predictive model will assist Australian policy makers and business investors/exporters to understand how China and Vietnam are likely to deal with transnational treaty obligations such as the World Trade Organisation and bilateral trade ....Pushing against globalisation: Understanding how state and non-state actors in socialist transforming East Asia shape global laws and regulations. Improving trade and investment with China and Vietnam is among Australia's foreign affairs and trade priorities. The predictive model will assist Australian policy makers and business investors/exporters to understand how China and Vietnam are likely to deal with transnational treaty obligations such as the World Trade Organisation and bilateral trade agreements. The project will shed light on domestic resistance to legal globalisation-an inquiry that has been overlooked by existing research. It will also inform important theoretical debates about the role non-state actors play in shaping the regulatory environment in the world's most dynamic economies and improve postgraduate research and teaching programs.Read moreRead less
New Trends in Foundation Formation. The encouragement of philanthropic giving is a current priority of governments globally. The creation of foundations is one strategy for expanding philanthropic activity, with profound implications for public policy and existing foundations. Working with Philanthropy Australia, this study will explore the concept of charitable foundations and recent trends in foundation formation such as the development of 'community owned? enterprises and pressures on busin ....New Trends in Foundation Formation. The encouragement of philanthropic giving is a current priority of governments globally. The creation of foundations is one strategy for expanding philanthropic activity, with profound implications for public policy and existing foundations. Working with Philanthropy Australia, this study will explore the concept of charitable foundations and recent trends in foundation formation such as the development of 'community owned? enterprises and pressures on business to become more 'socially responsible'. The study will produce data of vital importance to informed policy making and to the effectiveness of philanthropic foundations.Read moreRead less
Understanding regulatory networks: Assessing the relevance of the 'rule of law' to business regulation in Vietnam. Consistent with Research Priority 4, the project will assist Australian policy makers and business investors/exporters to understand why market laws frequently produce fragmentation and instability in developing East Asia. It will also inform important theoretical debates about the relative influence of law, social norms, ethno-religious orientations and sentiment in forming regulat ....Understanding regulatory networks: Assessing the relevance of the 'rule of law' to business regulation in Vietnam. Consistent with Research Priority 4, the project will assist Australian policy makers and business investors/exporters to understand why market laws frequently produce fragmentation and instability in developing East Asia. It will also inform important theoretical debates about the relative influence of law, social norms, ethno-religious orientations and sentiment in forming regulatory networks that augment and rival state power. The project will strengthen linkages between Australian and Asian universities and research institutions and improve post-graduate research and teaching programs.Read moreRead less