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
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
The reality of China's socialist market economy: the emergence of labour segmentation and inequality. Australia's current regional and economic security is predicated on China's stability and prosperity. This project provides a unique opportunity for Australian organisations and institutions to gain a better understanding of the complex economic, regulatory and social issues that surround the problem of labour segmentation and inequality in China.
Balancing the needs of customers and employees following service failure: A dyadic psychosocial approach. Service industries dominate Australia's economy. When service fails, conflicts frequently ensue, leaving customers and employees feeling angry and stressed. Consequent social and economic costs are enormous. This project addresses the research priority of promoting and maintaining good health by identifying ways in which customers and employees can resolve service problems such that particip ....Balancing the needs of customers and employees following service failure: A dyadic psychosocial approach. Service industries dominate Australia's economy. When service fails, conflicts frequently ensue, leaving customers and employees feeling angry and stressed. Consequent social and economic costs are enormous. This project addresses the research priority of promoting and maintaining good health by identifying ways in which customers and employees can resolve service problems such that participants' psychosocial needs are met and outcomes for both parties are optimised. Findings will strengthen Australia's social and economic fabric by providing strategies to increase customer satisfaction and reduce worker stress. Service firms will benefit from a more loyal customer-base, and reduced employee absenteeism, turnover and compensation claims. Read moreRead less
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
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
A History of Foreign Multinational Enterprises in Australia from Federation. We aim to deliver the first history of foreign multinational firms in twentieth-century Australia, connecting to, and enhancing, a rich overseas literature on global business. Foreign corporations have played a critical but poorly understood role here with public and policy opinions polarised between approval for new investment, job creation and innovation against concern for their impact on tax revenue, competition, an ....A History of Foreign Multinational Enterprises in Australia from Federation. We aim to deliver the first history of foreign multinational firms in twentieth-century Australia, connecting to, and enhancing, a rich overseas literature on global business. Foreign corporations have played a critical but poorly understood role here with public and policy opinions polarised between approval for new investment, job creation and innovation against concern for their impact on tax revenue, competition, and economic policy. Through a closer, long term understanding of multinationals – their magnitude, motives to settle here, corporate structures, and adaptation to local conditions – our findings will inform public debate and policy about the roles of foreign investment and foreign enterprises in the Australian economy today.Read moreRead less
Modelling the Quality of Hospital Care in Australia. It is estimated that substandard quality of hospital care causes around 4,500 deaths and 12,500 cases of permanent disability per year. Results from the study will support the implementation of quality control programs to help prevent unnecessary harm to patients, improve the quality of hospital care, and more generally, promote the objectives of the Australian health care system. The envisaged outcomes advance national research priorities by ....Modelling the Quality of Hospital Care in Australia. It is estimated that substandard quality of hospital care causes around 4,500 deaths and 12,500 cases of permanent disability per year. Results from the study will support the implementation of quality control programs to help prevent unnecessary harm to patients, improve the quality of hospital care, and more generally, promote the objectives of the Australian health care system. The envisaged outcomes advance national research priorities by improving health care provided to children and the elderly. The Fellowship will help alleviate the shortage of health economists in Australia by improving my own skills and supporting me to train junior staff.Read moreRead less