ORCID Profile
0000-0002-6032-2023
Current Organisation
Griffith University
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Publisher: Emerald
Date: 2001
DOI: 10.1108/EB060736
Abstract: With increasing pressure on firms to deliver shareholder value, there has been a renewed emphasis on devising measures of corporate financial performance and incentive compensation plans that encourage managers to increase shareholder wealth. One professedly recent innovation in the field of internal and external performance measurement is a trade‐marked variant of residual income known as economic value‐added (EVA). This paper attempts to provide a synoptic survey of EVA's conceptual underpinnings and the comparatively few empirical analyses of value‐added performance measures. Special attention is given to the GAAP‐related accounting adjustments involved in EVA‐type calculations.
Publisher: SAGE Publications
Date: 29-06-2021
DOI: 10.1177/03128962211022041
Abstract: Divorce dissolves couple households, who likely specialised in household financial decision-making tasks, into singles who need to learn new skills. Financial decisions will be particularly challenging for those newly separated people that are lacking knowledge and confidence. Given the substantive literature supporting the lack of financial knowledge of women in comparison to men, women are likely to be more disadvantaged by this aspect of orce. We employ the HILDA Survey and find support for the role of financial literacy in improving wealth outcomes in orce, particularly for women. We find that the positive impact is significant over the long term. This research contributes to knowledge of the role of financial education in building resilience to endure financial shocks. JEL classification: D14 G53 G50 J12 J16
Publisher: Elsevier BV
Date: 2020
DOI: 10.2139/SSRN.3671178
Publisher: Elsevier BV
Date: 2017
DOI: 10.2139/SSRN.2913912
Publisher: Elsevier BV
Date: 2012
DOI: 10.2139/SSRN.2132244
Publisher: Informa UK Limited
Date: 20-02-2023
Publisher: Wiley
Date: 12-12-2018
DOI: 10.1111/ECNO.12107
Publisher: Elsevier BV
Date: 2020
DOI: 10.2139/SSRN.3668705
Publisher: Informa UK Limited
Date: 03-02-2023
Publisher: Elsevier BV
Date: 1999
DOI: 10.2139/SSRN.2128981
Publisher: SAGE Publications
Date: 12-2004
DOI: 10.1177/031289620402900204
Abstract: Pooled time-series, cross-sectional data on 110 Australian companies over the period 1992–1998 is employed to examine whether the trademarked variant of residual income known as economic value-added (EVA®) is more highly associated with stock returns than other commonly-used accounting-based measures. These other measures of internal and external performance include earnings, net cash flow and residual income. Three alternative formulations for pooling data are also employed in the analysis, namely, the common-effects, fixed-effects and random-effects models, with the fixed-effects approach found to be the most empirically appropriate. Relative information content tests reveal returns to be more closely associated with EVA® than residual income, earnings and net cash flow, respectively. An analysis of the components of EVA® confirms that the GAAP-related adjustments most closely associated with EVA® are significant at the margin in explaining stock returns.
Publisher: Elsevier BV
Date: 2019
DOI: 10.2139/SSRN.3404747
Publisher: IGI Global
Date: 07-07-2023
DOI: 10.4018/IJAET.325218
Abstract: There is no single agreed-upon definition of data literacy because expectations of what it means to be data literate varies across contexts. The lack of agreement on a definition of data literacy across contexts is therefore necessary. However, definitions are important. Definitions embody our understanding of concepts and are the foundation for operationalization of concepts. The work reported in the chapter is motivated by the observation that despite no shortage of university graduates, organizations are struggling to find data-literate talent. There is an apparent disconnect between data literacy as taught in the academic domain and data literacy as expected by businesses in the public domain. An exploration of definitions of data literacy in academic and public domains is undertaken to gain insight in why the disconnect exists. A thematic analysis and comparison of definitions in the two domains were conducted. The differences identified provide some broad directions for developing data literacy capabilities in students that better fulfil the needs of business organizations.
Publisher: Elsevier BV
Date: 2019
DOI: 10.2139/SSRN.3404744
Publisher: Springer Publishing Company
Date: 06-2018
DOI: 10.1891/1052-3073.29.1.103
Abstract: This article investigates the impacts of financial shocks on the role of the family home in asset portfolios of Australian households using longitudinal data from the Household, Income, and Labour Dynamics in Australia (HILDA) survey. The life events considered are serious illness or injury, death of a spouse, fired or made redundant, and separation from a spouse. We use a static and dynamic Tobit models to assess the impact and duration of the life events on the portfolio share of the family home. The insights gained from this study may be important for financial planners, as adverse wealth outcomes may be hedged through better financial education, insurance products, or general financial preparedness.
Publisher: Elsevier BV
Date: 2017
DOI: 10.2139/SSRN.2908595
Publisher: Emerald
Date: 26-07-2019
Abstract: This paper aims to model the asset portfolio rebalancing decisions of Australian households experiencing a severe life event shock. The paper uses household longitudinal data from the Household, Income, and Labour Dynamics in Australia (HILDA) survey since 2001. The major life events are serious illness or injury, death of a spouse, job dismissal or redundancy and separation from a spouse. The asset classes are bank accounts, cash investments, equities, superannuation (private pensions), life insurance, trust funds, owner-occupied housing, investor housing, business assets, vehicles and collectibles. The authors use both static and dynamic Tobit models to assess the impact and duration of impact of the shocks. Serious illness and injury, loss of employment, separation and spousal death cause households to rebalance portfolios in ways that can have detrimental effects on long-term wealth accumulation through poor market timing and the incurring of transaction costs. The survey results are only available since 2001, and the wealth module from which the asset data are drawn is self-reported and not available every year. Relevant to policymakers working on the ongoing retirement of the “baby boomer” generation and for financial planners guiding household investment decisions. Most research on shocks to household wealth concern a narrower range of assets and only limited shocks. Also, this is one of the few studies to use a random effects model to allow for unspecified heterogeneity among households.
Publisher: Springer Science and Business Media LLC
Date: 13-06-2014
Publisher: Emerald
Date: 08-2006
DOI: 10.1108/13664380680001083
Abstract: This paper employs a Generalised Autoregressive Conditional Heteroske‐dasticity in Mean (GARCH‐M) model to consider the effect of macroeconomic factors on Australian property returns over the period 1985 to 2002. Three direct (office, retail and industrial property) and two indirect (listed property trust and property stock) returns are included in the analysis, along with market returns, short, medium and long‐term interest rates, expected and unexpected inflation, construction activity and industrial employment and production. In general, macroeconomic factors are found to be significant risk factors in Australian commercial property returns. However, the results also indicate that forecast accuracy in these models is higher for direct office, listed property trust and property stock returns and that the persistence of volatility shocks varies across the different markets, with volatility half lives of between five and seven months for direct retail and industrial property, two and three months for direct office property and less than two months with both forms of indirect property investment.
Publisher: SAGE Publications
Date: 20-12-2020
Abstract: Does the gender pay gap affect women’s ability to repay their student debt? This study investigates the extent to which an income contingent scheme benefits women because of their in idual earnings. Using the Australian Household, Income, and Labour Dynamics in Australia Survey, gender differences in debt repayment behaviour over the past two decades was examined. The regression model comprised interaction terms including risk-averse, low socio-economic status, low wealth and low income. The industries where the majority of women are employed – education and health – were also examined. It was found that over 2002–2014, women generally had less student debt than men, but those who were low income carried more debt. This is the first study to include an analysis of student debt by industry through a gender lens. Given the increasing amount of student debt Australians are carrying, it is important for policymakers to pay attention to its effects to ensure fairness and equity.
Publisher: Elsevier BV
Date: 2000
DOI: 10.2139/SSRN.2169802
Publisher: Wiley
Date: 17-07-2020
No related grants have been discovered for Tracey West.