The Aging Population, Superannuation and Corporate Dividend Policy. The project intends to examine how population wealth and age affect one important aspect of corporate decision-making, namely dividend policy. Researchers invest considerable effort in understanding how demographics impact upon the need for, and structure of, government systems including social security and taxation, but relatively little is known about its effect on capital markets or corporate decision-making. Although individ ....The Aging Population, Superannuation and Corporate Dividend Policy. The project intends to examine how population wealth and age affect one important aspect of corporate decision-making, namely dividend policy. Researchers invest considerable effort in understanding how demographics impact upon the need for, and structure of, government systems including social security and taxation, but relatively little is known about its effect on capital markets or corporate decision-making. Although individual investors are, by nature, atomistic, the project argues changes in investor preferences will ultimately prompt companies to alter their dividend policies. Pressure on firms to update these policies will come from superannuation and pension fund managers who, as fiduciaries, will invest money consistent with clients' revised preferences. The project aims to more fully characterise how Australia's ageing population will affect the public and private sectors.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE120101523
Funder
Australian Research Council
Funding Amount
$375,000.00
Summary
Impeding the bubble: evidence from experimental asset markets. We employ an innovative experimental design to investigate factors that are intended to prevent asset price bubbles and crashes. Our results will aid in developing strategies to avoid the devastating effects of a stock market crash like the recent global financial crisis.
The failings of financial markets. Financial markets are failing to serve society. The recent Royal Commission into Misconduct in Financial Services has highlighted many examples, as have major litigation cases against Australia’s banks for market manipulation at enormous scale. Markets are becoming increasingly fragile with the automation of trading and are failing in funding companies, with fewer companies listing on stock markets. This project will investigate how and why financial markets ar ....The failings of financial markets. Financial markets are failing to serve society. The recent Royal Commission into Misconduct in Financial Services has highlighted many examples, as have major litigation cases against Australia’s banks for market manipulation at enormous scale. Markets are becoming increasingly fragile with the automation of trading and are failing in funding companies, with fewer companies listing on stock markets. This project will investigate how and why financial markets are failing, what are the real effects of these failings, and what should be done about them. The project will develop policy solutions to mitigate the failings, thereby enhancing Australia’s economic prosperity, benefitting retirement savings, and improving regulatory efficiency.
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