A Synthesis of Agency and Managerial Power Theories and Its Applications to Corporate Governance, Management Compensation, and Firm Performance. The existing models of corporate governance in economics and finance based on agency theory do not successfully portray all modern corporations. Thus the importance of a new and rigorous way to study corporate governance can be hardly exaggerated. This project will provide a synthesized theory of corporate governance and is expected to produce highest- ....A Synthesis of Agency and Managerial Power Theories and Its Applications to Corporate Governance, Management Compensation, and Firm Performance. The existing models of corporate governance in economics and finance based on agency theory do not successfully portray all modern corporations. Thus the importance of a new and rigorous way to study corporate governance can be hardly exaggerated. This project will provide a synthesized theory of corporate governance and is expected to produce highest-quality research publishable in top-tier journals. This will, among others, enhance Australia's standing as a knowledge nation. This project is also expected to contribute to the discussions on how to improve corporate governance and regulation of management compensation both in Australia and abroad. Read moreRead less
Market Contingent Hierarchies: Theory and Evidence. Operating in a small open economy trying to pursue an export-led strategy for economic growth, Australian firms are increasingly exposed to the types of market uncertainties that are the subject of this project. Australian firms cannot rely on economies of scale developed through large domestic markets but must instead depend on innovation and organisational nimbleness to exploit opportunities as they appear. This project will develop and test ....Market Contingent Hierarchies: Theory and Evidence. Operating in a small open economy trying to pursue an export-led strategy for economic growth, Australian firms are increasingly exposed to the types of market uncertainties that are the subject of this project. Australian firms cannot rely on economies of scale developed through large domestic markets but must instead depend on innovation and organisational nimbleness to exploit opportunities as they appear. This project will develop and test with Australian data the organisational theories necessary for the international success of Australian firms. Read moreRead less
Massively parallel algorithms for Bayesian inference and decision making. This project uses the graphical processing units of desktop computers, originally developed for games and video, to enhance substantially the quantitative tools used on a daily basis by economists. It will develop procedures and software to enhance the reliability of economic predictions and policy.
STRATEGY AND STRUCTURE OF THE KOREAN CHAEBOL: CHANGES AFTER THE 1997 ECONOMIC CRISIS AND IMPLICATIONS FOR AUSTRALIA. Korea is the third largest export market for Australia, however, analysis of the structure and strategy of Korea's largest corporations has been surprisingly neglected by Australian researchers. This project examines recent changes in the operation of the largest family controlled conglomerates in Korea (chaebol), which possess unique features in various aspects, within a dynamic ....STRATEGY AND STRUCTURE OF THE KOREAN CHAEBOL: CHANGES AFTER THE 1997 ECONOMIC CRISIS AND IMPLICATIONS FOR AUSTRALIA. Korea is the third largest export market for Australia, however, analysis of the structure and strategy of Korea's largest corporations has been surprisingly neglected by Australian researchers. This project examines recent changes in the operation of the largest family controlled conglomerates in Korea (chaebol), which possess unique features in various aspects, within a dynamic historical perspective. Case studies will be conducted concentrating on changes of business structure and strategy within Samsung, LG, Hyundai and Daewoo, with particular attention to these companies, response to the 1997 economic crisis and its implications for major trading partners such as Australia.Read moreRead less
Managing age in organisational context: a comparative study of the meaning of age among managers. Australians are currently being encouraged to work longer to maximise their contribution to the economy but they often report there are organisational barriers to doing so. This study offers a new approach to understanding age focusing on managers and offers a framework of effective strategies for employers in managing age.
Low carbon transition in the Australian energy sector. This project aims to investigate the Australian energy sector’s responses to low emission pressures, comparing the role of different actors in the transition, and developing a model explaining the political dynamics of the transition. The project will provide policy-makers and industry leaders with the means to develop innovative policies and support best practice to assist Australia’s transition towards energy competitiveness. This project ....Low carbon transition in the Australian energy sector. This project aims to investigate the Australian energy sector’s responses to low emission pressures, comparing the role of different actors in the transition, and developing a model explaining the political dynamics of the transition. The project will provide policy-makers and industry leaders with the means to develop innovative policies and support best practice to assist Australia’s transition towards energy competitiveness. This project expects to provide significant benefits such as new insights into the potential for a low emissions future for Australia.Read moreRead less
Risk and Change In Institutional Fields: The Case Of Industrial Chemicals. This project aims to explore how to manage risk through sustainable organisational strategies and institutional transformations. Chemical risks arise as by-products of economic and technological progress and can cause untold harm to human health and the environment. Using a discursive approach to compare how organisations in Australia and Canada manage chemical risks, this project aims to show how organisations can act as ....Risk and Change In Institutional Fields: The Case Of Industrial Chemicals. This project aims to explore how to manage risk through sustainable organisational strategies and institutional transformations. Chemical risks arise as by-products of economic and technological progress and can cause untold harm to human health and the environment. Using a discursive approach to compare how organisations in Australia and Canada manage chemical risks, this project aims to show how organisations can act as institutional entrepreneurs and introduce sustainable field-level solutions to risk, instead of relying on government regulation to deal with dangerous chemicals. The intended outcomes include the development of a model that identifies the challenges associated with three different risk scenarios – managing established risks, managing emerging risks and eliminating risks – as well as identifying and evaluating strategies to address these challenges.Read moreRead less
Governance of information technology programmes: achieving accountability, control and success. This project aims to improve the effectiveness with which IT-enabled programmes are managed by public and private organisations. The theoretical knowledge and guides for good practice emerging from this study will contribute to increased success in managing and delivering complex and vital programmes across Australia.
Motivating Employee Proactivity by Redesigning the Work Context. Self-starting and innovative employees are increasingly important in today's decentralised organisations. The central question investigated in this project via a longitudinal research design is how organisations can facilitate this type of proactive behavior amongst employees. The project also investigates the nature of employee proactivity (e.g. how it differs from other behaviors), and its consequences for employee performance, i ....Motivating Employee Proactivity by Redesigning the Work Context. Self-starting and innovative employees are increasingly important in today's decentralised organisations. The central question investigated in this project via a longitudinal research design is how organisations can facilitate this type of proactive behavior amongst employees. The project also investigates the nature of employee proactivity (e.g. how it differs from other behaviors), and its consequences for employee performance, innovation, and mental health. The project is significant because it focuses on how to promote behaviors that have often been neglected in research.Read moreRead less
Leadership diversity through relational intersectionality in Australia. This project aims to investigate leadership in contexts characterized by the complex intersection of cultural and gender differences - what is called here ‘relational intersectionality'. The expected outcomes will contribute to the development of new theory on leadership diversity, and a means through which that theory can be leveraged through leadership practice and education. The project will inform methods to better man ....Leadership diversity through relational intersectionality in Australia. This project aims to investigate leadership in contexts characterized by the complex intersection of cultural and gender differences - what is called here ‘relational intersectionality'. The expected outcomes will contribute to the development of new theory on leadership diversity, and a means through which that theory can be leveraged through leadership practice and education. The project will inform methods to better manage the increasing diversity of the Australian workforce and enable improved leadership performance.Read moreRead less