Australasian Accounting Business & Finance Journal

Articles from Vol. 6, No. 3, 2012

Assessing the Value of Graphical Presentations in Financial Reports
AbstractThe purpose of this study was to replicate the research of Davis (1989) to test the decision usefulness of different information presentations as alternatives to financial information that would normally be represented as numbers. A laboratory...
Editorial Volume 6 Issue 3
This issue of AABFJ has several finance articles related to the Australian securities market. Segara, Das and Turner (2012) report results from the use of active extension strategies in the Australian equities market. Lee (2012) examines whether individual...
Governance-Default Risk Relationship and the Demand for Intermediated and Non-Intermediated Debt
AbstractThis paper explores the impact of corporate governance on the demand for intermediated debt (asset finance, bank debt, non-bank private debt) and non-intermediated debt (public debt) in the Australian debt market. Relative to other countries...
Partnership versus Public Ownership of Accounting Firms: Exploring Relative Performance, Performance Measurement and Measurement Issues
AbstractDespite theoretical arguments that partnerships are the most efficient ownership form for professional service firms (PSFs), PSFs are increasingly moving to other ownership structures, such as publicly listed companies (PLCs). Research on the...
Performance of Active Extension Strategies: Evidence from the Australian Equities Market
AbstractThis study examines the performance of several active extension strategies, commonly known as 130/30, in the Australian equities market. A detailed analysis of the factors affecting performance is explored using Monte Carlo simulations based...
Reply to "Response: Board Composition and Firm Performance: Evidence from Bangladesh - A Sceptical View"
AbstractThis paper replies to Chowdhury's (2010) response to the paper "Board Composition and Firm Performance: Evidence from Bangladesh" (2010). It challenges the strength of the criticisms, arguing that the factors discussed in Chowdhury (2010) do...
Risk and Return in Hedge Funds and Funds-of-Hedge Funds: A Cross-Sectional Approach
AbstractThe objective of this study is to examine whether the available data on individual hedge funds (HFs) and funds-of-hedge funds (FOHFs) can reveal the risk-return trade-offand, if so, to find an appropriate risk measure that captures the cross-sectional...
The Effect of IFRS Adoption on the Financial Reports of Local Government Entities
AbstractThis paper aims to analyse the changes in accounting surplus (loss), equity and assets, and liabilities as a result of accounting policy changes from the Australian Accounting Standards (AAS) to the International Financial Reporting Standards...