Governance and the investment performance of not-for-profit endowments. Governance and the investment performance of not-for-profit endowments. This project aims to examine the relation between performance and governance for Australian not for profit (NFP) endowments. The not-for-profit sector now accounts for over 4 per cent of the gross domestic product (GDP) (almost $43 billion) and employs volunteers who contribute an additional $14.6 billion in unpaid work. Little research has been done on ....Governance and the investment performance of not-for-profit endowments. Governance and the investment performance of not-for-profit endowments. This project aims to examine the relation between performance and governance for Australian not for profit (NFP) endowments. The not-for-profit sector now accounts for over 4 per cent of the gross domestic product (GDP) (almost $43 billion) and employs volunteers who contribute an additional $14.6 billion in unpaid work. Little research has been done on the investment performance of the endowments held by NFPs, even though this is an important contributor to their revenues. Expected outcomes include a publicised set of principles and periodically updated index of endowment governance quality, and attendant improvement in NFP investment management.Read moreRead less
The economic cost of insider trading - culture, legislation, governance, gender and crisis impacts: comparative evidence from around the globe. Does a country's culture and firm governance affect returns to insiders and/or general trading costs? Do uninformed insiders benefit at the expense of outsiders? By extending research internationally on these important equity issues, feedback is provided on best practice to increase information availability and reduce unscrupulous gains to insiders.
Surviving financial crises: a study of the Australian Government securities market. This project assesses the capacity of the Australian Government securities market to meet investor demand in times of financial crises. The outcomes will provide governments in Australia and other countries with the necessary tools to enhance the efficiency of securities markets and to flag liquidity problems in a timely manner.
Adoption of Australian IFRS: Are IFRS "fit for purpose"? The project seeks to explore the usefulness of modifications made to company earnings based on International Financial Reporting Standards (IFRS; Australia’s mandatory accounting standards) by financial report preparers and users. The project intends to show how share markets respond to adjustments to IFRS earnings and provide evidence to assist standard setters and regulators in policy decisions to strengthen the financial reporting frame ....Adoption of Australian IFRS: Are IFRS "fit for purpose"? The project seeks to explore the usefulness of modifications made to company earnings based on International Financial Reporting Standards (IFRS; Australia’s mandatory accounting standards) by financial report preparers and users. The project intends to show how share markets respond to adjustments to IFRS earnings and provide evidence to assist standard setters and regulators in policy decisions to strengthen the financial reporting framework and to improve the comparability and transparency of financial information. A more robust framework would improve capital market efficiency, promote economic growth in Australia and support the goal of making Australia a world-leading financial market.Read moreRead less