2015 Monash Business School Annual report

SHAPING. ENGAGING. LEADING. 2015 ANNUAL REPORT

MONASH BUSINESS SCHOOL

TABLE OF CONTENTS

MONASH BUSINESS SCHOOL

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FROM THE HEAD

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IN REVIEW Leading figures Then and now

8 9 10

PEOPLE AND GOVERNANCE Leading by example Meet the leadership team

12 13 15

FOSTERING EXCELLENCE Education Educational portfolio Learning and teaching International study Research Rankings and ratings Key research themes Awards and scholarships Research partnerships Our research centres

16 17 18 20 30 38 39 41 42 54 58

SHAPING FUTURE LEADERS Leadership and executive education Meet the LEE team Executive education

62 63 65 66

FORGING RELATIONSHIPS Engagement Advisory boards Professional networks Alumni engagement Making headlines

70 71 72 73 74 78

PUBLICATIONS Top-ranking publications

86 87

DEPARTMENTS Accounting 25 Banking and Finance 33 Business Law and Taxation 45 Econometrics and Business Statistics 51 Economics 69 Management 77 Marketing 85 RESEARCH CENTRES Centre for Development Economics and Sustainability Centre for Health Economics Centre for Global Business Australian Centre for Financial Studies

58 59 60 61

CONTENTS / 2015 ANNUAL REPORT / MONASH BUSINESS SCHOOL / 1

MONASH BUSINESS SCHOOL

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SHAPING THE FUTURE OF BUSINESS > Our mission is to engage in the highestquality research and education to have a positive impact on a changing world. > Our vision is to be recognised as one of the world’s leading academies of scholarship in business, economics and related disciplines, with the standing of our flagship activities being verified by the most esteemed international arbiters of quality. > Our values are underpinned by a dedication to human rights, social justice, and respect for diversity in individuals, communities and ideas. We are committed to: –– providing a collegiate and respectful environment for all staff and students –– cultivating internal governance guided by integrity, transparency and accountability –– recognising and rewarding excellence in research, education and everything we do –– upholding the principles of responsible management education and effective global citizenship –– engaging collaboratively with all our local, national and international stakeholders.

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SHAPING THE FUTURE OF BUSINESS

EQUIP YOURSELF FOR LIFE, NOT SOLELY FOR YOUR OWN BENEFIT BUT FOR THE BENEFIT OF THE WHOLE COMMUNIT Y. SIR JOHN MONASH

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FROM THE HEAD

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The world is changing – and successful business schools must change along with it. As access to information accelerates and business competition intensifies, it is imperative that schools move in step with the modern world.

Monash Business School lives by this philosophy. We exist to develop people who will make a positive impact on our changing world.

Our students learn that successful careers now depend on a combination of intellectual rigour and curiosity, practical business and professional skills, and progressive thinking about global citizenship and social justice.

Our graduates are highly sought after by the world’s top recruiters. Based on surveys of 2500 international recruiters from 20 countries, Monash consistently ranks among the top 10 universities in Asia and Oceania, and 33 in the world, in the Global Employability University Ranking published by the Times Higher Education and the New York Times. Our 100,000+ alumni pursue their careers in every walk of life across 113 countries – many occupying positions of influence and leadership in business and government.

This truly global standing is reflected in our world rankings.

Monash Business School is among the 1% of business schools worldwide that hold the prestigious ‘triple crown’ of quality accreditations by

the three main business school accrediting bodies: the Association to Advance Collegiate Schools of Business (AACSB) the EFMD Quality Improvement System (EQUIS) and the International Association of MBAs (AMBA).

As a world-class school in the world’s most liveable city, we thrive on engaging with our communities near and far, and with business, governments and international agencies throughout the world.

Today’s business problems are often complex and multidimensional, with origins and impacts beyond the domain of business. In addition to our deep disciplinary expertise across seven academic departments, our multidisciplinary research centres in global business, health economics, development and sustainability, and finance address the great challenges of today. Our world-renowned skills in quantitative analysis and modelling underpin our capacity to help shape the future of business thinking.

It is with pleasure and pride that I present the 2015 Annual Report as the official record of a year of significant change and achievement for Monash Business School.

Professor Colm Kearney Head, Monash Business School Dean, Faculty of Business and Economics

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IN REVIEW

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LEADING FIGURES Monash is Australia’s only Group of Eight (Go8) research-intensive university to have achieved triple accreditation by the AACSB, EQUIS and AMBA for its business school. We are one of only 1% of business schools globally to have this prestigious ‘triple crown’ accreditation.

Our ‘triple crown’ accreditation reflects the School’s mission: to engage in the highest-quality research and education to have a positive impact on a changing world. It also reinforces the School’s commitment to continuous improvement and excellence.

IN REVIEW / 2015 ANNUAL REPORT / MONASH BUSINESS SCHOOL / 9

THEN AND NOW To help commemorate 50 years of Monash graduations in business and economics, in 2015 we commissioned historians Way Back When to explore Monash Business School’s colourful and dynamic history.

1964

Faculty of Economics and Politics

50 YEARS ON Recording the important story of our past has highlighted enduring themes of diversity in teaching and research, development of a unique identity and character, and positive responses to a changing world.

Monash Business School

454 STUDENTS Faculty of Economics and Politics

ONE LOCATION Single campus

91% male and 9% female

Clayton

16,166 STUDENTS

MULTIPLE LOCATIONS ON FOUR CONTINENTS

Across business and economics degrees 11,330 undergraduate students 53% male and 47% female

5319 graduate students 50% male and 50% female

Campuses and locations at: Berwick Caulfield City Clayton Peninsula

Sister schools in: Malaysia South Africa

International centres in: Prato, Italy Suzhou, China

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THEN AND NOW

FORMAL DELIVERY MODE

ONE COURSE

10 GRADUATES

ON CAMPUS

39 ACADEMIC STAFF

Taught mainly through ‘chalk and talk’

Bachelor of Economics the only course offered

Nine men and one woman

Australian, campusbased learning

Staff at a single campus

VARIED DELIVERY MODE

97 COURSES

100,000+ GRADUATES

300 STUDENT EXCHANGES

792 ACADEMIC STAFF

Continuously expanding pool of Monash Business School alumni

Approximately 300 students embark on international exchange and study programs annually

Staff across multiple campuses and locations

Taught through a variety of means Work-integrated learning Problem-based learning Flipped classrooms Online and distance education

A comprehensive range of courses offered 53 undergraduate courses Single and double degrees

44 graduate and research courses

(including internships, work placements and overseas study options)

(including MBA, MPhil and PhD)

TURN TO PAGE 75 FOR MORE INFORMATION ON CELEBRATING 50 YEARS OF GRADUATIONS.

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PEOPLE AND GOVERNANCE

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LEADING BY EX AMPLE Given our commitment to shaping tomorrow’s leaders, we understand that inspired leadership starts at home. Or put more simply, we like to lead by example.

Our four Deputy Deans – Professors Robert Brooks, Keryn Chalmers, Richard Hall and Gary Magee – bring a wealth of expertise to the academic leadership team and embody the values of Monash Business School.

This broad footprint is accompanied by a deep network of local and international stakeholders

Collectively, the expertise within our academic leadership team spans Australian Group of Eight (Go8) universities, international business schools, research, education management, executive consulting and reporting, academia, government and industry. As could be expected, this broad footprint is accompanied by a deep network of local and international stakeholders.

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ACADEMIC LEADERSHIP TEAM Professor Richard Hall

Professor Gary Magee Julie Gough

Professor Robert Brooks Professor Keryn Chalmers Professor Colm Kearney

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LEADING BY EXAMPLE

In close collaboration with Professor Colm Kearney, our academic leadership team oversees the strategy, reputation, relationships and governance activities of Monash Business School.

MEET THE LEADERSHIP TEAM from left to right

Professor Richard Hall Deputy Dean, Leadership and Executive Education A new addition to the leadership team in 2015, the Leadership and Executive Education portfolio is responsible for developing leadership, MBA programs and executive education as key tenets of the School’s future growth strategy.

Professor Robert Brooks Deputy Dean, Education The Deputy Dean (Education) is responsible for delivering educational leadership across the School, to support, reform and renew educational activities, and ensure outstanding learning outcomes for our students.

Professor Keryn Chalmers Deputy Dean, External and International Julie Gough Faculty Finance Manager and Faculty General Manager (acting) This portfolio delivers financial planning and management services for Monash Business School. The portfolio also includes management of the School’s physical infrastructure and facilities, and oversight of all professional staff.

This portfolio promotes the interests of the School in its external engagements and international projects, including accreditations, alliances and partnerships, in addition to our equity and social inclusion policies.

Professor Gary Magee Deputy Dean, Research The Deputy Dean (Research) provides academic vision and leadership for the School’s ambitious research agenda, and is responsible for the strategic management of research activities and programs across the School.

Professor Colm Kearney Head, Monash Business School Dean, Faculty of Business and Economics As Dean, Colm provides academic leadership to the three business schools in Australia, Malaysia and South Africa that form the Faculty of Business and Economics. As Head of Monash Business School, he has strategic oversight of all activities on our Australian campuses.

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FOSTERING EXCELLENCE

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EDUCATION Monash Business School students are diverse in many ways. They have different motivations, learning styles and career aspirations, all of which are constantly evolving.

To remain at the forefront of learning and teaching, we are committed to a process of continuous improvement, and thus ensuring our graduates are equipped with the necessary skills to succeed across disciplines, and across the globe.

Learning takes place in different ways – and not all of it in the classroom

At all course levels, we have embraced new technologies and teaching methodologies – such as problem-based learning, flipped classrooms and work-integrated learning – to ensure learning experiences reflect the business world.

In problem-based learning activities, students work with businesses and move beyond the theory found in their textbooks.

Each study topic is framed as a business problem that encourages critical thinking and collaborative skills.

Flipped classrooms also foster problem-solving, but in a different way. Students are given a range of digital resources and readings to study before a lesson, so that class time can be dedicated to working in groups and applying theory to the task at hand.

To date, we have partnered with some of the world’s most influential companies, including L’Oréal, IBM, PwC, EY, Mondelêz, Adidas, Deloitte and GM Holden.

In 2016 and beyond, Monash Business School will continue to push the envelope in education by exploring new partnerships and learning experiences, in line with staff and student feedback and the changing business landscape.

Through continuous improvement, we are encouraging learning by doing, not just by studying.

Our work-integrated learning program recognises that learning takes place in different ways – and not all of it in the classroom.

These programs allow students to integrate theory with work practice through a variety of opportunities, including internships, corporate and community projects, and study tours.

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EDUCATION

EDUCATIONAL PORTFOLIO Monash Business School offers a substantial range of educational programs across all major business disciplines. We teach our students to work independently and to apply critical and analytical thinking – in short, to be future leaders. Our goal is to equip them with the skills necessary to make a positive impact on a changing world.

UNDERGRADUATE PROGRAMS As part of a university-wide curriculum review, we unveiled a simplified undergraduate course offering in 2015 that will take the new-look Monash Business School into 2016 and beyond. At the centre of the undergraduate educational portfolio are two comprehensive degrees – bachelors in business and commerce.

Complementing these core offerings are specialist degrees in accounting, actuarial science, banking and finance, business administration, economics, finance, international business and marketing.

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Overall, demand for our courses remains strong. We pride ourselves on our extensive range of double degrees, which allow students to combine their business studies with disciplines from nearly every other Monash faculty – an option that gives students a head start in tackling the increasingly complex business problems of the future.

Our focus in 2015 was the introduction of a new course architecture

GRADUATE PROGRAMS Our graduate educational portfolio has been crafted around the understanding that good leaders require both strong education and the right support to develop their leadership qualities and sense of self.

We also recognise that motivations for undertaking graduate education are varied.

Many see it as a springboard to senior levels within their industry, while others are looking to change career direction or launch their own enterprise.

Monash Business School caters to all of these goals by offering a comprehensive suite of graduate study options, including graduate diplomas and certificates, master’s degrees, MBA, Master of Philosophy (MPhil) and Doctor of Philosophy (PhD).

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LEARNING AND TEACHING Throughout the year, Monash Business School has implemented a range of new learning and teaching initiatives, while also reviewing and strengthening existing programs.

In line with a Monash University’s bold new course architecture project, we are striving to create a truly global and student-centred educational experience, led by research and industry-relevant teaching, and delivered in a world-class learning environment.

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EDUCATION

STUDENT PROFESSIONAL DEVELOPMENT SYMPOSIUM

In what is set to become a signature annual event for Monash Business School, we were very pleased to launch our inaugural Student Professional Development Symposium in February 2015.

Over two days, 120 students from across our undergraduate programs attended a series of keynote speeches and activities organised around the key themes of entrepreneurship, leadership, social responsibility and innovation. Invitations were extended to Ambassadors and Leaders from the PAL program, and other high-performing students nearing the end of their studies.

Our highly regarded panel of keynote speakers included Stan Alves (AFL coach and entrepreneur), Bernard Chu (LuxBite), Asher Hunter (Metrix Consulting), Creel Price (Investible, founder of Blueprint Management Group) and Gary Ryan (Organisations That Matter).

Students also participated in workshops and group activities led by our staff and professional facilitators, allowing them to explore the key themes and their own views on leadership trends and community challenges, both at a local and global level.

Additional leadership opportunities were created for 10 undergraduate students who designed and executed the event as part of a final-year elective unit. The best ideas pitched by two student project teams were combined to create a friendly, supportive and professional setting for the symposium at the Caulfield campus.

Encouraged by the success of the event, and by the overwhelmingly positive feedback from all involved, Monash Business School is looking at various options to extend the symposium format in 2016 and beyond, to reach a wider group of students and staff.

ABOVE: Students exploring and presenting their ideas on leadership at the Student Professional Development Symposium.

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THE PAL PROGRAM The Peers, Ambassadors and Leaders program, or PAL for short, is a three-year sequence for Monash Business School undergraduate students. PAL is designed to encourage community engagement and equip students with the skills that are increasingly sought after by employers – communication, teamwork, negotiation, management and leadership skills, to name a few.

ABOVE: A group of 125 students commenced their ambassador duties in February 2015 by attending a two-day training retreat in Portsea, Victoria.

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Equipping students with a deeper understanding of self and society

Peers

Ambassadors

Leaders

At the most fundamental level, the Peer program matches Monash Business School senior undergraduate students with groups of first-year students.

As well as an initial mentoring session during orientation week, this peer relationship involves regular meetings throughout the first semester.

Open to second-year students, the Ambassador program is designed to develop teamwork and leadership skills through participation in university events.

Responsibilities throughout the year include a two-day training retreat, peer mentoring for a semester, skills workshops and the opportunity to represent Monash Business School at faculty, university and community events.

During the final phase of the PAL sequence, the Leaders program focuses on equipping final-year students with the tools to develop a deeper understanding of self and society.

In addition to participating in the Leadership Symposium, students also explore the nature of leadership and the values that determine actions through various activities.

Some examples of 2015 activities include opportunities to mentor students or receive mentoring from an industry alumnus, team projects, skills workshops and leadership seminars. Throughout the year, students produce a portfolio of these activities.

EDUCATION

MONASH INDUSTRY TEAM INITIATIVE (MITI) At the conclusion of the 2015 academic year, six students from across our undergraduate and graduate courses embarked on a 12-week summer industry placement through the Monash Industry Team Initiative (MITI) – a program that connects multidisciplinary teams from Monash Univeristy with leading Australian and global organisations.

From an extremely competitive selection process, a total of 25 students were invited to participate in the MITI based on their unique skills and experience. There were 14 industry teams based in Australian city and regional areas, and in the US. In 2015/16, the partner organisations and associated projects included: –– ANZ •• Visualising interdependencies investments –– Burra Foods •• Optimisation of plant reporting and monitoring system

–– Devondale Murray Goulburn •• Improved dairy product flavour through innovative technology

•• Maximising product stream optimisation of plant reporting and monitoring system

–– Fonterra •• Understanding the physical chemical and biological profile from pipe top paddock –– Gardiner Foundation •• Compiling and digitising a history of the Victorian Dairy Industry –– Hewlett Packard (HP), Inc. •• Innovate the future of service excellence

ABOVE, FROM LEFT TO RIGHT: Joel Yap (Bachelor of Commerce/Bachelor of Economics), Michael Ragavan (Bachelor of Commerce/ Bachelor of Business Information Systems) and Nathan Sherburn (PhD Engineering) at HP Inc, Palo Alto, California, USA.

–– nab •• Identifying influences using network analysis –– Telstra •• T-connect –– Transurban •• Enhanced customer experience through digital platform development

•• Sustainable initiatives for the Power Street Mound regeneration project

•• Technology cost transparency –– VicRoads •• Cycling road rules at roundabouts –– Warnambool Cheese and Butter •• Evaluation and optimisation of the thermal process.

The participating students from Monash Business School were Stephanie Au, Phoebe Goodman, Adam Khraim, Michael Ragavan, Shirin Tejani and Joel Yap. Since launch of the MITI in 2013, the program’s industry partners have consistently been impressed by the ideas and solutions presented by the Monash industry teams – and the MITI for 2015/2016 was no exception.

The MITI provides great opportunities for our students to gain valuable workplace experience and develop their professional networks. In return, our students contribute innovative solutions to real-world, multidisciplinary business issues, backed by the most up-to-date research.

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A WORLD-CLASS SCHOOL IN THE WORLD’S MOST A WORLD-CLASS LIVEABLE CITY. SCHOOL IN THE WORLD’S MOST LIVEABLE CITY. 24

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DEPARTMENT OF ACCOUNTING

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Financial accounting Management and accounting Accounting information systems Auditing

ACCOUNTING

Research strengths

The Department of Accounting is engaging in the highest-quality research and education to prepare well-rounded accounting professionals.

We have a strong reputation for contemporary educational programs, extensive industry links and world-class research that is widely published in leading domestic and international journals.

Highlights for the Department of Accounting in 2015 included: –– Our annual Monforma event in management accounting was held at the Brighton Savoy in Melbourne.

–– Undergraduate student Daniel Nickels was announced winner of the CPA Australia Australian Open Work Experience program from a field of over 2000 applicants.

WE HAVE A FIVE-STAR RATING IN ACCOUNTING, AUDITING AND ACCOUNTABILITY FROM ERA

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WE ARE RANKED 32 IN THE WORLD FOR ACCOUNTING AND FINANCE BY QS

–– Undergraduate students Hugh Gao, Cheryl Lim, Jane Shaw and James Wong won the national final of the CIMA Global Business Challenge and went on to represent Australia in the global final in Warsaw, Poland.

HEAD: Professor Carla Wilkin

–– Emeritus Professor Robert Chenhall was elected as a Fellow of the Academy of Social Sciences in Australia (ASSA).

–– Professor Robyn Moroney, Professor David Smith and Susan O’Leary received best paper awards at the Accounting and Finance Association of Australia and New Zealand (AFAANZ) awards; Professor Moroney was also runner-up for the Peter Brownell Manuscript Award.

–– Mr John Gerrand was awarded the 2015 Teaching Award at the Monash Extension Graduation Ceremony.

–– Ms Maleen Gong was awarded an AFAANZ/CAANZ/CPA doctoral scholarship.

DEPUTY HEAD: Associate Professor Michaela Rankin

Our world-class research flows into high-quality education and training programs for our undergraduate and graduate students Professor Carla Wilkin

Figures are from 2015.

ERA: Excellence in Research for Australia QS: World University Rankings.

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EDUCATION

AUSTRALIAN UNIVERSITY TEACHER OF THE YEAR

‘Associate Professor Tant has made an invaluable contribution to the future of student learning, both in Australia and the Asia-Pacific region’ – Professor Margaret Gardner AO, Monash University President and Vice-Chancellor At a gala event held at Parliament House in December 2015, Associate Professor Kevin Tant was named Australian University Teacher of the Year.

In presenting the award, the Minister for Education and Training, Simon Birmingham, commended Kevin for his engaging and imaginative approach to teaching in the field of finance.

Among Kevin’s many invaluable contributions to learning and teaching in the Department

of Banking and Finance, his lead role in designing and implementing the Simulated Teaching and Research Laboratory (STARLab) was celebrated as being particularly instrumental. STARLab is a purpose-built facility at the Caulfield campus, which allows students to navigate virtual world financial markets.

Among his peers at Monash Business School, Kevin is widely known for his motivating and inspiring classes, and his commitment to mentoring colleagues on technology and innovation.

ABOVE LEFT: Associate Professor Kevin Tant receives the Australian University Teacher of the Year award from the Honourable Simon Birmingham (Minister for Education and Training) at Parliament House.

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Kevin is widely known for his motivating and inspiring classes

STARLab

‘Students are exposed to situations and events that demand thoughtful responses that draw on their prior learning in our undergraduate and graduate degree courses’ – Associate Professor Kevin Tant Since its inception in 2013, STARLab has been built into our Department of Accounting and Finance curriculum, allowing students to engage in interactive exploration of topics such as general market operations, equity markets, financial and portfolio management, and currency and bond markets.

Led by Associate Professor Kevin Tant, the design of STARLab was specifically tailored to student behaviour in a trading environment for focused learning experiences and high levels of participation. Up to 78 students are able to trade against each other at one time.

Outside of our structured coursework, STARLab is also available to researchers, industry professionals and secondary schools.

ABOVE LEFT and ABOVE RIGHT: Undergraduate students exploring virtual financial markets at STARLab.

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EDUCATION

TONY PALMER MONASH MARKETING AWARD

‘I believe that mentoring from a successful marketer such as Tony Palmer will only contribute further to my passion and drive to succeed in business’ – Thomas Weston, Tony Palmer – Monash Marketing Award recipient Each year, Monash Business School recognises one outstanding undergraduate marketing student with the Tony Palmer – Monash Marketing Award, which offers a cash prize and 12 months of personal mentoring by Tony Palmer. In 2015, this accolade was awarded to Thomas Weston.

Graduating with a double degree in commerce and economics, Thomas was the unanimous choice, based on his impressive academic record and extracurricular experience.

As well as having attended the Harvard World Model United Nations in 2014, Thomas is the founder and director of two small business enterprises – a niche online retail store catering to dachshund owners (Sausage Dog Central), and a full-service online marketing company (Gen-E Marketing).

Mentor Tony Palmer is the President of Global Brands and Innovation at Kimberly-Clark Corporation, a Monash alumnus, and a member of the School’s Global Advisory Committee.

TURN TO PAGE 72 FOR MORE ON TONY PALMER’S INVOLVEMENT WITH THE GLOBAL ADVISORY COUNCIL. LEFT: Professor Harmen Oppewal (Head, Department of Marketing) and Thomas Weston, winner of the Tony Palmer – Monash Marketing Award.

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The MEA Fellowship Awards will continue to expand in 2016.

MONASH EDUCATION ACADEMY AWARDS

‘Our inaugural fellows will help define what education at the University is to become in the years ahead’ – Professor Margaret Gardner AO, Monash University President and Vice-Chancellor; Monash Education Academy Patron Our commitment to excellence in learning and teaching at Monash Business School was recognised at two Monash Education Academy (MEA) award ceremonies held in 2015.

At the launch of the MEA in March, Associate Professor Kevin Tant’s outstanding contributions to teaching, innovation and leadership in Accounting and Finance were once again recognised when he was named as one of the program’s ten foundation fellows.

Echoing the values of the University’s Better Teaching, Better Learning agenda, the MEA is designed to help shape teaching practices and the future direction of education across all faculties.

As a foundation fellow, Kevin will advise on the mentoring and support of educators to meet the changing needs of students.

In November, the MEA subsequently hosted the inaugural fellowship awards ceremony to recognise a further 14 top educators from across the University. Monash Business School was well represented in these awards, with Dr Nell Kimberley and Peter Wagstaff named as fellows, and Dr Susan Mayson named as an associate fellow.

This highly competitive MEA fellowship scheme not only celebrates the achievements of staff, but also supports their professional development through career support, access to designated funding, and opportunities to shape the future direction of education.

Based on the high calibre of applications and overall success of the scheme in 2015, the MEA Fellowship Awards will continue to expand in 2016.

ABOVE RIGHT: Inaugural MEA fellowship award recipients, including Dr Nell Kimberley (fifth from right) and Peter Wagstaff (far right).

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EDUCATION

INTERNATIONAL STUDY

POWER, POLITICS AND SOCIETY IN CHILE AND LATIN AMERICA

At Monash Business School, we recognise that study abroad is often a transformative experience for our students. To provide high-quality international experiences, we partner with some the top business schools around the world.

Monash Business School partnered with the Universidad Diego Portales (UDP) in Santiago, Chile, to deliver a pilot summer study program over two weeks.

In 2015, we reaffirmed our commitment to student mobility by adding a series of new undergraduate and graduate study units, internship opportunities and global partnerships to our growing portfolio of international experiences.

A group of 40 students from a range of graduate business courses participated in the Power, Politics and Society in Chile and Latin America program.

Jointly developed with UDP, the program has been designed to immerse students in the rich cultural and political landscape of a transitioning APEC economy and important Australian trade partner. Overall, the focus was on Latin America as an emerging economic powerhouse, and the implications of this for Australia and the broader Asia-Pacific community.

LEFT: Associate Professor Deirdre O’Neill (Program Director) with students from the ‘Power, Politics and Society in Chile and Latin America’ program.

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As part of the program, students were immersed in a range of study areas, including macroeconomic policy, social conflict and indigenous policy, trade and the Pacific Alliance, and health, social security and education reforms. A highlight was a presentation by the Australian Ambassador to Chile, Tim Kane, which was followed by an extended Q&A session with students.

As well as attending lectures by distinguished faculty and guest presenters at UDP, students furthered their learning with visits to the Chilean Congress, La Moneda (the presidential palace), Museum of Memory and Human Rights, Concha y Toro winery and the world-heritage city of Valparaiso.

Feedback from the students who participated was immensely positive. Ongoing support for this program reinforced our commitment to outbound mobility and intensive programs as part of the graduate student experience.

PARTICIPATING STUDENTS: Narot Bahar, Nicole Catsicas, Craig Cinquegrana, Judith Clisby, Sarah Dennithorne, Xuewei Ding, Natalie Donohoe, Felicity Driver, Zijing Fu, Courtney Gehrke, Joshua Hawkey, Cherie Howe, Zhehao Hu, Jessica Hui, Sean Ironside, Luiza Janash, Giulia Kossmann, Bohan Li, Bing Sum Alice Mak, James Mentor, Rachel Mohr, Katrina O’Keefe, Renee O’Shanassy, Caitlin O’Sullivan, Ha Huy Anh Pham, Song Qiu, Kirsty Rosie, Renata Sain, Victoria Sendecki, Yinan Shen, Li-Fang Wang, Jesse White, Andrew Wood, Ziqiao Xia, Heming Xie, Weilin Yang, Samuel Yee, Tairan Yuan, Yiyun Zhang, Dongsu Zhu.

EUROPEAN BUSINESS AND SOCIETY IN PRATO

For the first time under the auspices of Monash Business School, 32 graduate students travelled to Europe in November 2015 to complete the European Business and Society capstone unit.

Conducted as a two-week intensive study tour, this unit provides students with a practical understanding of the political, economic and social factors that influence business in Europe.

Site visits were conducted at places of significant commercial interest

During the first week, students were based at the Monash Centre in Prato, Italy, where classes were led by Dr Paul Kalfadellis and postdoctoral researchers from the European University Institute, Florence. Students also attended a tour and presentation at the BESTE textile manufacturing plant, which provided them with a first-hand look at the operations of a small-to-medium enterprise (SME) and the textile industry that has driven the economy in Prato for centuries.

Giving students further insight into business and trade in the EU, the second week was spent in Brussels, Belgium – the ‘capital’ of the EU. Site visits were conducted at places of significant commercial interest, including the European Parliament, European Commission, NATO, Australian Embassy, Audi, Antwerp World Diamond Centre and the Port of Antwerp.

In 2015, the European Business and Society unit brought together students from 10 different graduate programs in business or related disciplines. Additionally, two distance education students participated, from the UK and Sydney.

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WE ENCOURAGE LEARNING BY DOING, NOT JUST BY STUDYING

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Established in 2014, the Department of Banking and Finance is focused on becoming a leader in research and education among the Australian Group of Eight universities. Our exciting new course architecture is reversing traditional teaching methods to drive greater student involvement and interaction.

Highlights for the Department of Banking and Finance in 2015 included: –– Two new specialist degrees were launched: the Bachelor of Finance (Clayton) and Bachelor of Banking and Finance (Caulfield).

–– The ‘Foundations of Finance’ unit was developed for firstyear undergraduate students – using pedagogical approaches and a flipped classroom mode.

WE HAVE A FOUR-STAR RATING IN BANKING, FINANCE AND INVESTMENT FROM ERA

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–– Two important research streams of the CSIRO-Monash Superannuation Cluster, led by Professor Deborah Ralston, were showcased at the Cluster’s annual symposium.

–– Associate Professor Kevin Tant received the Australian University Teacher of the Year Award for his outstanding contributions to learning and teaching in finance.

HEAD: Professor Christine Brown DEPUTY HEAD: Professor Philip Gray

–– Professor Philip Gray was awarded the Peter Brownell Manuscript Award at the Accounting and Finance Association of Australia and New Zealand (AFAANZ) awards.

–– Professor Stephen Brown, a leading international academic and Monash alumnus, was appointed to spend four months of each year with the department.

3rd.

WE ARE RANKED EQUAL THIRD AMONG FINANCE DEPARTMENTS IN AUSTRALIA ACCORDING TO ERA Figures are from 2015.

ERA: Excellence in Research for Australia.

Asset pricing Banking Corporate finance Behavioural finance Superannuation and funds management

TURN TO PAGE 26 AND 80 FOR MORE ON ASSOCIATE PROFESSOR KEVIN TANT AND PROFESSOR STEPHEN BROWN, RESPECTIVELY.

BANKING AND FINANCE

Research strengths

DEPARTMENT OF BANKING AND FINANCE

The Department of Banking and Finance was formed in 2014 and has rapidly become one of the pre-eminent centres for banking and finance research and education in the country Professor Christine Brown 33

EDUCATION

QTEM STUDENT EXCHANGES Together with the Quantitative Techniques for Economics and Management (QTEM) program, Monash Business School was pleased to support two master's students – Lucien Armstrong and Jessica Chen – in their endeavours to spend semester one of 2015 studying in Europe.

In a first for Monash Business School since partnering with QTEM in 2014, Lucien and Jessica spent a semester studying at EDHEC Business School (France) and the University of Amsterdam (Netherlands), respectively. Both took up the opportunity to study abroad while completing a Master of Business (Banking and Finance).

Launched in 2010 by five founding European universities, the QTEM program is available to students of partner institutions through a competitive application

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process. To graduate with a QTEM certificate, students must complete at least three international experiences, which can include student exchanges or overseas internships.

Bolstered by the positive experiences of both students, and the quality of the international QTEM partner universities, two additional students are set to participate in the program in 2016.

My QTEM experiences opened up employment opportunities and made me a stronger candidate Lucien Armstrong Master of Banking and Finance student and QTEM participant

QTEM aims to develop internationally minded and quantitatively trained decisionmakers

QTEM EXCHANGE EDHEC BUSINESS SCHOOL, FRANCE

Lucien Armstrong’s path to Monash Business School and a semester studying abroad on the French Riveria was dotted with a number of welcome detours that helped shape his personal and professional aspirations and a new career direction in finance.

In what turned out to be just the start of an enduring relationship with Monash, Lucien completed a Bachelor of Design (Visual Communication) in 2011, and then went on to work for the University as a graphic designer. However, after two years pursuing this initial passion, Lucien began to feel the pull of another long-term interest.

‘My first career plan was to give rein to my creativity, which I did successfully, but during this period I felt a growing desire to have a bigger impact on the world, which turned my focus to the world of corporate finance and strategy,’ said Lucien.

While investigating his options for graduate study, Lucien was impressed by the way Monash Business School viewed his non-traditional background as a strength. Stimulated by his own personal experience of the wider university community, Lucien was also inspired by the diversity of the student population and the breadth of interesting study options offered through the Master of Banking and Finance.

One of the study options that caught Lucien’s eye was the QTEM program, with its opportunities for international travel and complementary aims to develop internationally minded and quantitatively trained decision-makers.

As well as providing opportunities to study in different fields, such as trading, financial markets and quantitative risk, Lucien’s QTEM study-abroad experience at EDHEC enhanced his employability in direct and indirect ways.

‘My postgraduate experience has developed me not just professionally, but also personally’, said Lucien.

‘The biggest surprise was how a combination of intellectual curiosity and hard work opened so many unexpected doors.’

Lucien graduated with a High Distinction in November 2015 and transitioned into his new career in finance with an internship with the Industrials Group at Macquarie Bank.

After successfully navigating the Graduate Management Admissions Test (GMAT) and a competitive application process, Lucien accepted a place at the prestigious EDHEC Business School in Nice, France – a ‘triple crown’ accredited school, ranked number one in France for Economics and Finance (RePEc).

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EDUCATION

NEW COLOMBO PLAN MOBILITY PROGRAM

SHINEWING PARTNERSHIP

In 2015, Monash Business School was once again successful in securing funding from the Department of Foreign Affairs and Trade (DFAT) under the New Colombo Plan Mobility Program.

Echoing our commitment to global citizenship, this initiative was established in 2013 with the aim of lifting knowledge of the Indo-Pacific in Australia, and supporting Australian undergraduate students to study and undertake internships in the region.

Like us, DFAT views the two-way flow of students as an opportunity to deepen relationships with the Indo-Pacific region, at an individual level and through expanding university, business and other links.

A portion of the A$2 million awarded to the University over three years will be allocated to Monash Business School to conduct a study tour for 20 students to Bangladesh in 2016.

An additional 50 semester-long study-abroad opportunities will be created in China and Japan.

In another boost for student mobility in the Asia-Pacific region, a new partnership between Monash Business School and ShineWing will provide 20 undergraduate students with the opportunity to undertake a summer internship at one of the accounting practice’s offices in China or Hong Kong. These internships will provide students with valuable industry experience and international networking opportunities.

ShineWing is the largest domestic accounting firm in mainland China, with more than 20 locations across Asia. As a member of the Praxity International alliance of accountancy, tax and business consulting firms, ShineWing also has a presence in over 100 countries, including Australia, where the company launched its operations in February 2015.

This partnership with ShineWing builds on an existing range of international internship and study programs offered by Monash Business School, including work placement options with ANZ operations in Asia, and scholarship programs to study in countries such as Bangladesh, China and Japan.

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NEW ACADEMIC PARTNERS IN 2015 PEKING UNIVERSITY PARTNERSHIP

BELGIUM Catholic University of Leuven Free University of Brussels CHILE University of Chile CHINA Beijing Jiaotong University Peking University Shanghai University of Finance and Economics Sun Yat-sen University

After securing funding under the New Colombo Plan, Monash University signed an exclusive partnership agreement with Peking University, which will see a portion of the funds directed towards a new undergraduate exchange program to Beijing, China.

Under the agreement, students completing a Bachelor of International Business will be able to study at Peking University for 12 weeks, providing them with opportunities to learn from some of the most influential leaders in China. By giving students an international focus and exposure to increasingly complex global problems, the partnership is also closely aligned with the complementary goals of the New Colombo Plan and the School.

Launched in February 2015, the Bachelor of International Business is a specialist degree that follows a trimester model, enabling students to complete a three-year degree in just two years. The program employs a

‘learner-centred’ approach to teaching, which facilitates increased collaboration within the classroom and delivery of other subject matter outside the classroom.

Additional international exchange programs and approaches to learning will be added as the Bachelor of International Business continues to evolve.

Peking University’s Guanghua School of Management is one of China’s leading business schools.

The school regularly recruits distinguished professors from overseas and invites scholars to participate in work and teaching activities.

FRANCE EDHEC Business School ESC Rennes School of Business ESPSCI-ESSEC Business School Group The Bachelor of International Business employs a ‘learner-centred’ approach to teaching

GERMANY Goethe University Frankfurt University of Munster WHU – Otto Beisheim School of Management ITALY Bocconi University Luiss Guido Carli University University of Florence KOREA Sungkyunkwan University NETHERLANDS University of Amsterdam NORWAY Norwegian School of Economics and Business Administration SWITZERLAND University of Lausanne UNITED STATES Florida International University

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RESEARCH

RESEARCH Monash Business School’s research shapes and addresses the complex business challenges of the 21st century. We are committed to pushing the boundaries of knowledge, driving innovation, influencing business practice and making a measurable and positive impact on society.

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Our research expertise translates directly into our teaching programs

In pursuit of these goals, we are broadening our networks with industry, government and the world’s very best research organisations, and we are breaking down the barriers between fields of study. A testament to this is our research themes – global business, health and wellbeing, and sustainability and development – and our multidisciplinary research centres.

In 2015, the Excellence in Research for Australia (ERA) report rated us 5-stars, or well above world standard, in accounting, econometrics and marketing.

In the disciplines of applied economics, banking and finance, and business and management, ERA rated us 4-stars, or above world standard.

On an international scale, we are ranked number one in the Asia-Pacific region for econometrics, cognitive and behavioural economics, and development economics, according to Research Papers in Economics (RePEc).

This evidence points to a bright future in research at Monash Business School.

RANKINGS AND RATINGS ERA rates us as well above world standard or above world standard in many of our disciplines.

5-STAR

4-STAR

Well above world standard

Above world standard

>> >> >> >>

>> Applied economics >> Banking, finance and investment >> Business and management

Econometrics Accounting, auditing and accountability Marketing Law

Additional ratings from RePEc and the QS World University Rankings also place us as one of the world’s leading institutions in a number of disciplines and subjects.

TOP 10

TOP 20

RePEc

RePEc

>> Econometrics >> Experimental economics >> Behavioural economics

>> Health economics

TOP 30

TOP 40

RePEc

QS ranking

>> Development economics

>> Economics/Econometrics >> Business/Management

QS ranking by subject

>> Accounting and finance

QS ranking by subject

>> Business and management studies TOP 50 QS ranking by subject

>> Economics and econometrics >> Development studies

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RESEARCH

ERA RATINGS

Announcement of the ERA ratings in December 2015 further cemented Monash Business School’s reputation as a truly worldclass destination for research with impact.

Showcasing an impressive depth of research across disciplines, we maintained our 2012 ratings of above or well above world standard (ratings 4 and 5, respectively) in the overarching categories of economics, commerce and management.

Once again, these ratings showcase the extraordinary depth and breadth of Monash Business School’s worldclass research capability Professor Gary Magee Deputy Dean, Research

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Looking more specifically at disciplines within these categories, our rating in banking, finance and investment improved from ‘at world standard’ to ‘above world standard’ (from 3 to 4), while our rating in marketing improved from ‘above world standard’ to ‘well above world standard’ (from 4 to 5).

Our ratings of 5 are all the more impressive given that ERA awarded this standard only to four universities for econometrics, to three universities for accounting, auditing and accountability, and to just two universities for marketing.

KEY RESEARCH THEMES In line with our strengths and priorities, Monash Business School has established three key research themes: global business, health and wellbeing, and sustainability and development. These are areas in which we are globally recognised for impactful research outcomes and strong connections with industry.

Research in each of these areas is undertaken across all seven of the School’s departments, with the aim of fostering a culture of collaborative scholarship, both at the university level and across the wider academic community.

RESEARCH INCOME When it comes to putting our research income under the microscope, the numbers speak for themselves. In 2015, Monash Business School was awarded over A$10.8 million in research funding, including grants from the Australian Research Council (ARC) and National Health and Medical Research Council (NHMRC).

Standing alone, this figure positions us as a leader in total research income for business and economics disciplines, compared with other research institutions across Australia.

But digging a little deeper, we have also been the number one recipient in the country of ARC Discovery grants in business and economics over the last four years.

This period has also seen significant growth in category 2 research income (public-sector and government grants), and 2015 marked the first year that our primary source of funding came from the public sector.

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RESEARCH

AWARDS AND SCHOLARSHIPS

DOCTORAL PROGRAMS

Our Monash Business School doctoral candidates can expect to receive guidance from world-class academic staff, in an environment that is both supportive and stimulating.

All seven departments offer programs that combine academic research with professional development opportunities, and a coursework study program during the first year – a feature that sets Monash Business School doctoral programs apart from others.

DEAN’S EXCELLENCE AWARDS In 2015, six researchers undertaking research at the graduate level received a Dean’s Excellence Award, valued at A$5000 p.a. Winners of these awards were: – Olivia Davies (Management) – Vlad Demsar (Marketing) – Manh Pham (Econometrics and Business Statistics) – Amanda Seefeld (Marketing) – Ailisha Windsor (Management) – Muhammad Yusoff (Accounting) 42

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Structured first-year coursework brings students together from various business disciplines and equips them with a solid understanding of research skills and business philosophy. In our experience, this contributes to a deeper understanding of core principles and timely thesis submission.

To celebrate and reward research excellence, Monash Business School offers a comprehensive portfolio of award and scholarship programs, including one of the most generous fellowship opportunities available the world over.

At all career levels, we are serious about attracting and retaining the brightest business minds.

DONALD COCHRANE POSTGRADUATE RESEARCH SCHOLARSHIPS Each year, Monash Business School awards up to three Donald Cochrane Postgraduate Research Scholarships, to recognise research excellence across business disciplines.

In 2015, scholarships were awarded to Olivia Davies, Vlad Demsar and Manh Pham, who each received A$10,000 p.a. to support their research endeavours.

ADVANCED PHD AND RESEARCH FELLOWSHIP Launched in 2015, the Advanced PhD and Research Fellowship is offered to the best doctoral candidates in the world for research aligned with our three key research themes. In addition to funding doctoral studies for three to four years, the fellowship covers one year of post-doctoral employment.

For the first time in 2015, we were pleased to award this fellowship to Adam Irving, who will be undertaking his research at the Centre for Health Economics. Adam’s research investigates relationships between health technology and informed decision-making in the era of personalised medicine – a topic closely aligned with our priority health and wellbeing research theme.

TURN TO PAGE 59 FOR MORE ON THE CENTRE FOR HEALTH ECONOMICS.

Olivia, Vlad and Manh demonstrated excellent academic results and an aptitude for research throughout their undergraduate studies, with all three completing a Bachelor of Commerce (Honours) at Monash Business School.

All three recipients of this award also received a Dean’s Excellence Award in 2015.

Thesis topic: A post-colonial investigation into the garment industry Olivia is exploring the social-material relations that constitute business partnerships within the global garment industry. She will be drawing on, and developing, post-colonial understandings of organisational dynamics to investigate how persistent inequalities shape stakeholder perceptions of global relations surrounding consumer products.

Olivia Davies Department of Management

Thesis topic: Disposal of material possessions and sustainability in marketing Vlad is investigating environmental sustainability through disposal and consumer culture, across different product categories and disposal methods. He anticipates that data from this research could be used to develop in-depth segmentation based on attitudes and behaviour, while also helping to better explain the complex emotional experiences that occur during disposal of material possessions.

Vlad Demsar Department of Marketing

Thesis topic: Non-parametric approach of modelling price impact cost of trades Manh’s research employs a non-parametric approach to measure price impact, to help address the lack of empirical work comparing the relative performance of traditional parametrical models. He will also be comparing parametric and non-parametric approaches to find the superior model based on out-of-sample testing, which has not previously been done in the literature.

Manh Pham Department of Econometrics and Business Statistics

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OUR RESEARCH IS ABOUT TRANSFORMING BUSINESS, ADDRESSING GLOBAL PROBLEMS AND CONTRIBUTING IN A MEANINGFUL WAY TO ISSUES THAT MATTER.

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The Department of Business Law and Taxation provides students with a rare opportunity to focus on the legal frameworks that apply to all aspects of business.

Our research is conducted through the following research groups: the Asia-Pacific Business Regulation Group (APBRG), Workplace and Corporate Law Research Group (WCLRG) and Taxation Law and Policy Research Group (TLPRG).

In 2015, our staff also established the Ethical Regulation Research Group (ERRG).

–– APBRG co-organised the inaugural Australia Malaysia Financial Service Forum in partnership with the Australia Malaysia Business Council, Pitcher Partners, La Trobe Financial Services and the University of Melbourne.

>> Business regulation in Asia >> Comparative business, consumer and commercial law >> Corpoarte law, securities regulation and corporate social responsibility >> Taxation law and policy >> Workplace and industrial relations law

–– TLPRG organised a VAT and Financial Supplies Conference at the Monash University Prato Centre in Italy.

BUSINESS LAW AND TAXATION

Research strengths

DEPARTMENTOF BUSINESS LAW AND TAXATION

ACTING HEADS: Professors John Gillespie and Colm Kearney DEPUTY HEAD: Associate Professor Michelle Welsh

–– ERRG co-organised a research symposium on employment relations and labour, and a conference in Beijing on industrial relations disputes.

Other highlights for the Department of Business Law and Taxation in 2015 included: –– APBRG co-organised a conference at the University of Hong Kong in October 2015, together with the University of Melbourne and the Chinese University of Hong Kong, to explore socialist law in East Asia.

WE CONTRIBUTE TO MONASH UNIVERSITY’S FIVE-STAR RATING IN LAW, ACCORDING TO ERA Figures are from 2015.

ERA: Excellence in Research for Australia.

We work innovatively, collaboratively and flexibly with scholars from other disciplines to answer questions raised by the greatest challenges of our age Associate Professor Michelle Welsh 45

RESEARCH

DR KOHYAR KIAZAD VICE-CHANCELLOR’S EARLY CAREER RESEARCHER AWARD

At the Vice-Chancellor’s Education and Research Awards ceremony in December 2015, Dr Kohyar Kiazad from the Department of Management was the worthy recipient of an Early Career Researcher Award.

Obviously, this recognition means a lot to me. It also reminds me how fortunate I have been to work with excellent people who have supported me and created opportunities for me Dr Kohyar Kiazad Vice-Chancellor’s Early Career Researcher Award

LEFT: Dr Kohyar Kiazad, winner of the Vice-Chancellor‘s Early Career Researcher Award.

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Each year, just two Early Career Researcher Awards are conferred University-wide by the Vice-Chancellor, in recognition of outstanding performance by a researcher who is within the first five years of their career. One of the awards is for Humanities and Social Sciences, and the other is for Science and Technology.

Dr Kiazad won in the Humanities and Social Sciences category.

Among the achievements that contributed to Dr Kiazad’s winning of this award was a paper published in the Journal of Occupational and Organizational Psychology, co-written with Professors Maria Kraimer and Scott Seibert from the University of Idaho.

Dr Kiazad and his team used an online survey to assess workers’ responses to ‘psychological contract breach’ – a situation that occurs when employees believe their employer has broken promises to them. A total of 90 workers were surveyed at two time-points over six months.

Previous research suggested that withdrawing from work, reduced productivity and generally feeling unhappy in the workplace are all typical employee reactions to psychological contract breach.

To the contrary, Dr Kiazad’s findings indicated that some employees actually react positively by becoming active participants in a negative workplace.

Some examples of this included implementing new working methods or techniques, coaching team members on new skills to improve efficiency, or establishing new goals and targets.

ASSOCIATE PROFESSOR DAVID JOHNSTON DIRECTOR, EARLY CAREER RESEARCHER NETWORK

‘Employees do not always respond destructively to broken promises by their employer, especially when they are well connected, fit the organisation and have little to lose if they were to leave’, said Dr Kiazad.

These findings suggest that human resource departments should review their recruitment and selection processes, and provide applicants with realistic information about organisational values, to help maximise social connectivity and fit within the workplace.

In 2015, Dr Kiazad was also the recipient of the Dean's Award for Excellence in Research by an Early Career Reseacher.

Further emphasising our support for early career researchers, Monash Business School was pleased to announce the appointment of Associate Professor David Johnston as Director of the Early Career Researcher Network, a role he commenced in August 2015.

In his dual role with the Centre for Health Economics, Associate Professor Johnston is also conducting research funded by an Australian Research Council Discovery Early Career Researcher Award (ARC DECRA). This research project is titled: ‘How costly is an unhealthy start in life? An econometric analysis of childhood health and adult prosperity’.

We provide an engaged, inclusive and collaborative environment for emerging researchers

Given Associate Professor Johnston’s first-hand experience as an early career researcher, he is extremely well placed to lead the ongoing coordination and development of an engaged, inclusive and collaborative environment for our emerging researchers.

Associate Professor Johnston has also been awarded a second ARC Discovery Projects (DP) grant for a concurrent research project titled: ‘The socioeconomic determinants and dynamics of mental health and disorders in Australia and the UK: Evidence from childhood to the elderly years’.

TURN TO PAGE 59 FOR MORE ON THE CENTRE FOR HEALTH ECONOMICS.

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RESEARCH

DR CARLA FERRARO MOLLIE HOLMAN DOCTORAL MEDAL ‘It is an exceptional achievement that Dr Ferraro has completed a remarkably high-quality thesis, while also working full-time at the ACRS and making a significant contribution to Monash Business School’s category 3 income’ – Professor Gary Magee, Deputy Dean, Research Carla Ferraro has a keen interest in retail, but her passion for the subject runs deeper than most.

As the Associate Director at our Australian Consumer, Retail and Services (ACRS) research unit, Dr Ferraro is responsible for managing and coordinating research that assists organisations to better understand consumer behaviour, attitudes and perceptions in order to improve business performance.

LEFT: Dr Carla Ferraro, winner of the Mollie Holman Doctoral Medal for Monash Business School.

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Impressively, Dr Ferraro completed her doctorate in the Department of Marketing while simultaneously working at the ACRS – a body of research titled: ‘Store refurbishment: The impact of customers, employees and store performance’.

‘Retailers spend large sums of money each year refurbishing their store networks as a point of market differentiation’, said Dr Ferraro. ‘However, little is known about the impact of refurbishment investments, how they perform over time and the differential impact on customer and employee outcomes, and the financial performance of the store.’

In partnership with one of Australia’s largest retail chains, Dr Ferraro examined the impact of refurbishment on customer outcomes, such as perceptions of service quality, satisfaction and sales. Her thesis findings made a substantial contribution to the field and were recognised by the industry partner as having a major impact on strategic direction.

We offer a comprehensive portfolio of awards and scholarships

DR ANANTA NEELIM VICE-CHANCELLOR’S COMMENDATION FOR DOCTORAL THESIS EXCELLENCE In addition to impressing her collaborators, Dr Ferraro drew attention from the international research community, winning the highly competitive Emerald/ EFMD Outstanding Doctoral Research Award for excellence in a PhD thesis across the UK, Europe, US and Asia–Pacific.

At the university level, Dr Ferraro was awarded with the Mollie Holman Doctoral Medal for Monash Business School at a graduate research awards ceremony held in 2015. This award ranks among the highest of academic honours at Monash University, with just one medal awarded per faculty for the very best doctoral thesis in each overarching discipline.

Dr Ferraro intends to continue building the body of knowledge in the emerging areas of store refurbishment, services marketing and retail management through industry-relevant studies and high-quality publications. To date, she has published three A-ranked journal papers and one A*-ranked journal paper.

Rounding out a successful year for Monash Business School, Dr Ananta Neelim from the Department of Economics was awarded a Vice-Chancellor’s Commendation for Doctoral Thesis Excellence.

Dr Neelim’s research used economic theory and field experiments to explain behaviour relating to trust, altruism and deception in poor communities.

Submitted as three essays in behavioural development

economics, Dr Neelim’s thesis was deemed to be of an extremely high quality by the two worldclass behavioural economists who reviewed it.

One of these essays, titled ‘On the redistribution of wealth in a developing country: Experimental evidence on stake and framing effects’, was published in the Journal of Economic Behaviour & Organization – an A*-ranked journal.

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WE ARE HOME TO THE LARGEST CONCENTRATION OF ECONOMETRICIANS AND STATISTICIANS OF ANY DEPARTMENT IN THE COUNTRY

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Research strengths >> >> >> >> >>

Econometric theory and methods Applied econometrics Time series analysis Forecasting Data visualisation

We continue to deliver world-class research outcomes, while also collaborating with industry to build innovative teaching programs Professor Heather Anderson

WE HAVE A FIVE-STAR RATING IN ECONOMETRICS AND CONTRIBUTE TO MONASH UNIVERSITY’S FIVE-STAR RATING IN STATISTICS, ACCORDING TO ERA

1of 4.

WE WERE ONE OF FOUR UNIVERSITIES IN AUSTRALIA TO RECEIVE A FIVE-STAR RATING IN ECONOMETRICS FROM ERA

The Department of Econometrics and Business Statistics is the only Australian department with dedicated honours and graduate programs in these two disciplines. We are also home to the largest concentration of econometricians and statisticians of any department in the country.

Throughout 2015, we have bolstered our actuarial discipline with the launch of a two-year master’s program in actuarial studies, a new actuarial science major and a specialist actuarial bachelor’s degree.

Additional highlights for the Department of Econometrics and Business Statistics in 2015 included: –– A new major in data analytics was developed.

–– We embarked upon a three-year collaboration with the CSIROMonash Superannuation Research Cluster to simulate investment and disinvestment of retirement funds.

–– Professor Rob Hyndman worked with NSW Health on 20-year forecasting, and was invited to address data scientists at Yahoo, Google, Southern California Edison, and at the R Conference in China.

–– Professor Lisa Cameron was awarded A$320,000 from the Department of Foreign Affairs and Trade (DFAT) to examine gender inequality in the Indonesian workforce.

HEAD: Professor Heather Anderson DEPUTY HEAD: Associate Professor George Athanasopoulos

ECONOMETRICS AND BUSINESS STATISTICS

DEPARTMENT OF ECONOMETRICS AND BUSINESS STATISTICS

–– Over 50 academics attended the 2nd Monash-Xiamen Workshop in Econometrics held at Monash University.

–– Senior academics and representatives of seven central banks from around the world attended the MonashWarwick Alliance conference held at Warwick Business School.

–– Professor Di Cook was appointed as Professor of Business Analytics and Director of Business Analytics.

Figures are from 2015.

ERA: Excellence in Research for Australia.

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RESEARCH

AUSTRALIA AWARDS FELLOWSHIP PROGRAM

In 2015, Monash Business School received over A$1.25 million in funding through round 15 of the Australia Awards Fellowship program – the School’s most successful outcome to date for applications to this scheme.

The Australia Awards encourage positive social and economic change

Closely reflecting the values of Monash Business School, the Australia Awards bring current and future leaders from developing countries to Australia, with the aim of encouraging positive social and economic change, both in Australia and abroad. More specifically, the program provides an opportunity to strengthen professional links with our regional South-Asian neighbours and the broader international community.

Here is an overview of the participating projects that are being financed by this round of the Australia Awards Fellowship program:

CAPACITY DEVELOPMENT OF BANGLADESH PUBLIC SERVANTS FOR INFRASTRUCTURE MANAGEMENT

SKILLS DEVELOPMENT OF DISTRICT/DIVISIONAL SECRETARIATS FOR IMPROVING SMALL–MEDIUM ENTERPRISES IN SRI LANKA

Partner region: Bangladesh Funding awarded: A$618,611

Partner region: Sri Lanka Funding awarded: A$366,335

Under a project led by Associate Professor Quamrul Alam and Professor Julian Teicher, the School hosted 20 public servants from Bangladesh for an eightweek period between October and December 2015. During this time, the visiting fellows attended workshops and seminars, and visited major infrastructure projects built under public-private partnerships.

A grant awarded to Associate Professor Ramanie Samaratunge and Dr Lakmal Abeysekera will help build leadership and entrepreneurial skills in visiting fellows from district and divisional secretariats in Sri Lanka. More specifically, the project will promote small- and micro-business ventures, with the ultimate goal of improving living standards for poverty-stricken families, many of which are headed by women.

Associate Professor Alam and Professor Teicher are both from the Department of Management.

ABOVE: Associate Professor Quamrul Alam and Professor Julian Teicher.

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Associate Professor Samaratunge and Dr Abeysekera are from the Department of Management.

MONASH-BANGLADESH COLLABORATION

UNDERSTANDING/ PROMOTING LINKS BETWEEN TRADITIONAL CULTURE/ KNOWLEDGE, FOOD SECURITY AND SUSTAINABILITY IN SOUTH ASIA

A successful round of Australia Awards Fellowship program grants in 2015 saw the allocation of funds to a project that brought 25 Bangladeshi public servants to Melbourne for an eight-week training program.

But this is not the whole story.

Partner region: South Asia Funding awarded: A$292,990 A cross-faculty research project led by Dr Jagjit Plahe seeks to enhance the capacity of 25 fellows from South-Asian regions to address food and livelihood security issues through the application of traditional knowledge systems. The project will have a particular focus on remote and rural communities, and the role of women in local agriculture.

Dr Jagjit Plahe is from the Department of Management.

Professor Chris Arup, from the Department of Business Law and Taxation, joins her as one of three co-investigators on the project.

These projects cement Monash Business School’s relationship with the Department of Foreign Affairs and Trade as the first choice for research into leadership and development in Asia Professor Gary Magee Deputy Dean, Research

The 2015 program is the fourth Australia Awards Fellowship program for Bangladeshi public servants since 2011, all of which have been led by Associate Professor Quamrul Alam and Professor Julian Teicher.

In total, 125 participants have attended capacity-building programs administered by Monash Business School since 2009.

As a result of the Monash-Bangladesh collaboration, participants have taken up roles in health, education, local governance, small-business development and employment. Participants have reported enhanced skills in areas such as communication, active listening, critical thinking, problem-solving and networking.

Initial findings also suggest that the fellowship programs have been a catalyst for change in districts and sub-districts in different areas of Bangladesh.

For example, they have generated significant interest within local communities, which has contributed to stronger relationships between public administrators and citizens.

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REASERCH

RESEARCH PARTNERSHIPS Our reputation as a research-intensive business school is accentuated by meaningful partnerships with other business faculties, corporate organisations, government bodies and research institutes around the world. We have a number of partnership agreements in key regions, including Asia, North America and Europe.

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MERIT

Under the direction of Associate Professor Andreas Leibbrandt, the Monash Experimental Research Insights Team (MERIT) conducts economic research experiments with public and private institutions – sometimes involving more than one million participants at a time. Findings from these experiments are analysed to uncover strategies for improving processes and decision-making capabilities.

MERIT is a joint initiative between Monash University and the University of Chicago.

RIGHT: Professor John List, visiting academic to the Department of Economics, was the keynote speaker at the MERIT Conference on Field Experiments.

MERIT CONFERENCE ON FIELD EXPERIMENTS The second MERIT Conference on Field Experiments was held in March 2015, bringing together a group of economists with an interest in applying behavioural and experimental economics to everyday business settings.

The one-day conference was headlined by a keynote speech from Professor John List, who is the Homer J. Livingston Professor of Economics at the University of Chicago and a visiting academic to the Department of Economics. Additional speakers included Dr Rory Gallagher (The Behavioural Insights Team), Associate Professor Pauline Grosjean (UNSW) and Professor Robert Slonim (University of Sydney).

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GLOBAL FOOD SECURITY Against a backdrop of rapid economic growth within the Association of Southeast Asian Nations (ASEAN) region, a large number of people live in rural areas, meaning that most member states continue to rely heavily on the food, agriculture and forestry (FAF) sector. For many, income and employment are linked to natural resources and the local environment.

Spread across over 100 million hectares of agricultural land, the ASEAN region’s FAF sector is subject to a host of overlapping issues. These pose huge challenges for the ASEAN governments as they strive to achieve the goal of a single integrated market and production base.

In 2015, Professor Sisira Jayasuriya led a team of international experts that worked closely with senior ASEAN government officials to explore these opportunities and challenges.

Areas examined included achievement of food security and resilience, sustainable production, equitable distribution and competitiveness on a local and global stage.

This research was conducted in partnership with the Food and Agriculture Organization (FAO) of the United Nations, and the ASEAN-German Programme on Response to Climate Change (GAP-CC).

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Based on the team’s research findings, Professor Jayasuriya presented a detailed report, formulated a list of recommendations for enhancing regional cooperation and coordination, and drafted a Vision and Strategic Plan for ASEAN Cooperation in Food, Agriculture and Forestry (2016– 2025). This highlighted the need to address the continuing existence of major barriers to agricultural market integration in ASEAN despite significant progress in lowering tariff barriers to intra-regional trade.

The draft Vision and Strategic Plan that was presented by Professor Jayasuriya to the ASEAN Ministerial meeting in Myanmar in 2014 was subsequently finalised and adopted by ASEAN in 2015.

In recognition of the importance of these contributions, Professor Jayasuriya was invited to present the keynote address at the National Policy Dialogue Forum in Hanoi, Vietnam, held in December 2015. Hosted by the Vietnamese Government’s

Ministry of Industry and Trade, and the Economic Research Institute for ASEAN and East Asia (ERIA), the focus of the forum was on ‘Developing an agricultural value chain in the Mekong region’.

The Australian Centre for International Agricultural Research (ACIAR) has recently provided Professor Jaysuriya with a grant of A$1.5 million to lead a team to research agricultural sector issues in Pakistan and China.

This research will continue the major advances made by Asian countries in reducing extreme poverty, strengthening food security and improving the living standards and income of its citizens.

Sisira Jayasuriya is a Professor of Economics, Monash Business School, and the Director of the Centre for Development Economics and Sustainability (CDES).

In an international career spanning over 35 years, Professor Jayasuriya has held previous appointments at the International Rice Research Institute (Philippines) and Group of Eight universities in Australia.

He has also been a consultant to the Asian Development Bank, International Food Policy Research Institute, World Bank and several United Nations agencies, and holds honorary professorial appointments at the Australian National University and Osaka University, Japan.

ABOVE: Professor Sisira Jayasuriya.

Professor Sisira Jayasuriya drafted a Vision and Strategic Plan that was subsequently adopted by ASEAN in 2015

ANNUAL REPORT 2015 / MONASH BUSINESS SCHOOL / 57

RESEARCH

OUR RESEARCH CENTRES Looking ahead to 2016, Monash Business School will be home to four multidisciplinary research centres – the Centre for Development Economics and Sustainability, Centre for Global Business Business, Centre for Health Economics, and the Australian Centre for Financial Studies (ACFS).

CENTRE FOR DEVELOPMENT ECONOMICS AND SUSTAINABILITY

At the conclusion of 2015, we were pleased to announce that ACFS would become a research centre of Monash Business School, after the Centre decided to undergo a change in governance.

Broadly, the Centre aims to:

Each of our four research centres is closely aligned with our key research themes and strengths.

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The Centre for Development Economics and Sustainability (CDES) produces high-quality research on economics and social problems in the developing world, as well as the environment and sustainability in a more general sense.

–– understand and mitigate complex economic, environmental and social issues –– strive for policy impact through promotion of research findings and public discussion –– promote a multidisciplinary approach to research, policy and practice –– enhance the profile of Monash Business School and Monash University in the development and sustainability space within Australia and internationally.

In pursuit of these aims, CDES regularly engages with government departments, development agencies and non-government organisations (NGOs).

The Centre also actively participates in the Sustainable Development Solutions Network (SDSN), a global initiative of the United Nations that seeks to apply scientific and technological expertise to global economic, environmental and social issues.

CDES is a joint initiative of the Departments of Economics, and Econometrics and Business Statistics, and the Monash Sustainability Institute. As such, the academic team has been assembled from a range of disciplines, under the leadership of Centre director Professor Sisira Jayasuriya.

CENTRE FOR HEALTH ECONOMICS 25TH ANNIVERSARY

CENTRE FOR HEALTH ECONOMICS The Centre for Health Economics (CHE) has been at the forefront of health economics research and teaching since it was established in 1990. Throughout its proud history, CHE has made, and continues to make, significant contributions to public debate, policy development and the welfare of communities, both in Australia and abroad.

Under the directorship of Professor Anthony Harris, CHE also represents one of the largest concentrations of senior healthcare economists in Australia.

Many projects undertaken

by CHE are funded by grants from the National Health and Medical Research Council (NHMRC) and the Australian Research Council (ARC), as well as through contract research. Notable international collaborators include the World Health Organization (WHO), Organisation for Economic Cooperation and Development (OECD), and Harvard and Stanford universities.

At a university level, CHE collaborates closely with colleagues from the Departments of Economics, and Econometrics and Business Statistics, and the Monash School of Medicine. The Centre has also established an Advisory Committee chaired by Professor Allan Fels AO.

CHE represents one of the largest concentrations of healthcare economists in Australia

To mark the 25th anniversary of health economics at Monash University, CHE hosted a two-day symposium and workshop in November 2015.

The opening day featured a valedictory to founding director Professor Jeff Richardson in recognition of his outstanding contributions to health economics in Australia. Professor Allan Fels AO and a collection of past staff and students also offered reflections on their experiences in health economics.

The event concluded with a full-day workshop showcasing research on a range of current topics, including healthcare reform, value of care, survey response behaviours, health macroeconomics, cost modelling, science interventions and the impact of recession on health.

ABOVE: Professor Allan Fels AO addresses guests at the Centre’s 25th anniversary celebration.

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RESEARCH

Each of these groups has its own area of research expertise, but all are inherently multidisciplinary

CENTRE FOR GLOBAL BUSINESS

The Centre for Global Business (CGB) conducts multidisciplinary research into the complex and multifaceted issues facing an increasingly globalised marketplace.

A key strength of the Centre is its ability to translate highly technical outcomes into an applied context.

A reputation for research quality, relevance and impact in a changing world is supported by high-quality publications, connections with industry, and research funding through competitive, government and industry grants.

The Centre has specialist research groups, including: > Australian Consortium for Research on Employment and Work (ACREW) > Ethical Regulation Research Group > Leadership Research Group > Monash Business Policy Forum > Social Business Action Research Unit > South-Asia Research Network.

Each of these groups has its own area of research expertise, but all are inherently multidisciplinary in their focus and approach.

Research activities at the centre are overseen by the director, Professor Gary Magee.

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AUSTRALIAN CENTRE FOR FINANCIAL STUDIES The Australian Centre for Financial Studies (ACFS) provides thought leadership on issues of concern for the financial sector and the broader community.

ACFS facilitates industry-relevant, rigorous research and independent commentary by drawing on expertise from academia, industry and government. These research activities are applied, evidence-based and independent, and aim to inform public policy, community debate and industry practice.

In addition, ACFS acts as a platform for collaboration by experts across academia, industry and government. Through this, ACFS supports Australia as an international centre for finance practice, research and education.

ACFS JOINS MONASH BUSINESS SCHOOL During 2015, the consortium partners in ACFS made the decision to change governance arrangements, which enabled ACFS to become a centre at Monash Business School. This change marks the beginning of an exciting new phase of growth and outreach for both partners, while also recognising the existing ties between the Centre and the University.

ACFS and Monash University have been longstanding partners since the Victorian Government established ACFS in 2005. Since this time, ACFS has conducted more than 250 events, awarded nearly A$2 million in academic grants and published dozens of papers.

Monash Business School would like to join ACFS in thanking and acknowledging the outgoing governing Board of ACFS, including Syd Bone, Michael Dempsey, Jonathan Batten and Russell Thomas. Going forward, ACFS will remain an independent entity, dedicated to a demand-driven model of rigorous research and deeply engaged across industry, government and academia.

ABOVE, FROM LEFT TO RIGHT: Jeremy Duffield (Chairman, ACFS), the Honourable Andrew Robb AO MP (Minister for Trade and Investment) and Amy Auster (Executive Director, ACFS) at a Roundtable on ‘The role of the Australian financial services industry in cross-border trade and investment’.

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SHAPING FUTURE LEADERS

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LEADERSHIP AND EXECUTIVE EDUCATION Our aim is to meet industry at many points of need, to help accelerate leadership capabilities, improve performance and move with the changing business landscape

On paper, Monash Business School’s Leadership and Executive Education (LEE) portfolio encompasses four main areas: leadership programs and processes, executive education, MBA programs and engagement.

But in reality, the function of the LEE team permeates our activities on every level.

In 2015, establishment of the LEE team was a major milestone that bolstered Monash Business School’s standing during this exciting phase of growth and innovation.

Looking ahead to 2016, we will be strengthening industry engagement across all activities, with a particular focus on the development of a prestigious

suite of new executive education programs. These programs will meet industry at many points of need, to help accelerate leadership capabilities, improve performance and move with the changing business landscape.

In other words, we are continuing to cement our reputation for excellence in executive education, great MBA programs, thought leadership across disciplines and highquality external partnerships.

Together, all of these elements will drive different ways of engaging with our stakeholders.

SHAPING FUTURE LEADERS / 2015 ANNUAL REPORT / MONASH BUSINESS SCHOOL / 63

LEADERSHIP AND EXECUTIVE EDUCATION TEAM Professor Edward Buckingham Professor Patrick Butler Professor Anne Lytle Professor Richard Hall

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LEADERSHIP AND EXECUTIVE EDUCATION

Soon after establishing Monash Business School, we set about bringing together a world-class Leadership and Executive Education (LEE) team to drive our vision across all aspects of the School.

MEET THE LEE TEAM Following a global selection process extending from May to September of 2015, we were delighted to welcome Professor Richard Hall (Deputy Dean, LEE), Professor Anne Lytle (Director, Leadership), Professor Edward Buckingham (Director, Engagement) and Professor Patrick Butler (Director, MBA Programs).

Each of these professors was inspired by Monash Business School’s mission and values, and they share the ethos of positive collaboration and innovation around everything we do.

Looking forward to 2016 and beyond, the LEE team will be working together with the other members of the leadership team to:

> continue developing our MBA programs on a global scale > innovate, design and deliver new world-class executive education programs

These academic leaders bring an enormous wealth of ability and prestige to the already internationally acknowledged ability and standing of the School.

> build on our leading research capabilities and worldwide networks to generate new business opportunities and revenue >> provide the best possible career and leadership enhancement opportunities to all our students, staff, alumni and other stakeholders.

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LEADERSHIP AND EXECUTIVE EDUCATION

EXECUTIVE EDUCATION Since the appointment of our LEE team, Monash Business School has commited to establishing a portfolio of executive education programs designed to deliver immediate impact for business leaders and organisations.

VICTORIA窶的NDONESIA LEADERSHIP PROGRAM In a move that is set to help Australian business leaders better understand the competitive landscape in Indonesia, Monash Business School launched the Victoria-Indonesia Leadership Program during 2015, in partnership with ANZ and the Victorian Government.

In 2015, we launched a number of new programs, with a particular focus on the Asia-Pacific region.

Participants are able to test their ideas and network with key decision-makers

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Through a suite of three separate executive education programs, each held over four days at the Ritz-Carlton in Jakarta, senior business leaders participated in industry-specific training workshops designed to enhance knowledge of Indonesian and Australian operations and highlight opportunities for growth.

Commencing in May 2015, the first program focused on the infrastructure sector, and was followed by a second program on food and agribusiness in November 2015. The final program in the suite, focused on the resources sector, was scheduled for February 2016.

Each of these programs involved a series of modules, case studies and site visits that allowed participants to test their ideas and network with key decisionmakers across a range of industries, including government, banking and accountancy, transport and agriculture.

Program modules were led by expert business leaders with experience in operating across both Australia and Indonesia, including program director Professor Mathew Hayward, who has years of experience working in investment banking and a PhD from Columbia Business School.

SESPARLU PROGRAM On a broader scale, the VictoriaIndonesia Leadership Program is designed to grow bilateral trade between Australia and Indonesia, by promoting more significant economic and regional partnerships.

Feedback from the program was very positive, with many participating business leaders reporting new connections resulting in productive and ongoing business relationships.

ABOVE: Professor Mathew Hayward escorting business leaders on an infrastructure site visit in Indonesia.

Adding further support to our ongoing relationship with Indonesia, Monash Business School met with 32 senior Indonesian diplomats in June 2015, as part of the SESPARLU program. In a new venture for both Monash and SESPARLU, this marked the first time the program has conducted training outside of Indonesia.

An initiative of the AustraliaIndonesia Centre’s (AIC) Emerging Leaders Program, SESPARLU is the final training program for high-performing diplomats in the Indonesian Government’s Ministry of Foreign Affairs. It is a prerequisite to becoming a senior representative at the top levels of Indonesian government.

Over 12 days, the Indonesian diplomats travelled between Sydney, Canberra and Melbourne, where they attended government, industry and community engagements with a number of key stakeholders, including the Indonesian Consulate, Australia Indonesia Business Council (AIBC), AustraliaIndonesia Youth Association (AIYA), Australian Institute of International Affairs (AIIA), Indonesian Embassy, Victorian State Government, PwC and ANZ. The diplomats also participated in intensive leadership courses at Monash University, the Australian National University, the University of Sydney and the University of Melbourne – all of which are collaborating partners of the AIC, which is hosted and led by Monash University.

At Monash University, the leadership course was titled ‘Sustainable Development Solutions: Water Sensitive Cities’.

Presented by Professor Rebekah Brown (Director, Monash Sustainability Institute) and Professor Ana Deletic (Associate Dean of Research, Engineering), the one-day interactive course focused on water-related demands for cities of the future, in the context of the 2016 United Nations Sustainable Development Goals.

For Monash Business School, the SESPARLU program complements our VictoriaIndonesia Leadership Program, which was also launched in 2015.

ABOVE, FROM LEFT TO RIGHT: Yayan Mulyana (Consul-General), Soehardjono Sastromiardjo (Ambassador), Nadjib Riphat Kesoema (Indonesian Ambassador to Australia) and Paul Ramadge (Director, AustraliaIndonesia Centre).

SHAPING FUTURE LEADERS / 2015 ANNUAL REPORT / MONASH BUSINESS SCHOOL / 67

A LEADING ACADEMY OF SCHOLARSHIP IN ECONOMICS AND RELATED DISCIPLINES.

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DEPARTMENT OF ECONOMICS

>> Development economics and sustainability >> Behavioural and experimental economics >> Macroeconomics

ECONOMICS

Research strengths

We have been at the forefront of educating the next generation of scholars, researchers and practitioners in economics since the founding of Monash University in 1961 Professor Michael Ward

The Department of Economics has been a leader in the field since the founding of Monash University in 1961. Today, our department is home to more than 50 tenured economists working in virtually all major fields of economics.

We regularly collaborate with a range of high-calibre stakeholders, including Monash University research groups, and a host of local and international partners from industry, government and academia.

In addition to publishing in world-class journals, our staff are impressively represented in editorial positions across a range of publications.

WE HAVE A FOUR-STAR RATING IN ECONOMICS FROM ERA Figures are from 2015.

RePEc: Research Papers in Economics ERA: Excellence in Research for Australia.

Highlights for the Department of Economics in 2015 included: –– Dr Erte Xiao received an Australian Research Council Discovery Project (ARC DP) grant.

–– Dr Anke Leroux and Dr Paulo Santos were joint lead investigators on a large Australian Centre for International Agricultural Research (ACIAR) grant worth A$1.5 million.

–– Dr Asad Islam and Professor John List received an Economic and Social Research Council (ESRC) grant worth A$1.2 million.

–– Professor Sisira Jayasuriya was lead investigator on a large ACIAR grant worth A$1.5 million.

–– Professor Jakob Madsen was elected a Fellow of the Academy of Social Sciences of Australia (ASSA).

–– Professor Yves Zenou, Dr Zhijun Chen and Dr Matthew Leister were new appointments to the department.

HEAD: Professor Russell Smyth ACTING HEADS: Professor Michael Ward, Dr Gennadi Kazakevitch

We are rated first in the AsiaPacific region, according to RePEc, in: > Experiental economics > Cognitive and behavioural economics > Development economics > Econometrics > Health economics

TURN TO PAGES 55 AND 56 FOR MORE ON PROFESSORS JOHN LIST AND SISIRA JAYASURIYA, RESPECTIVELY.

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FORGING RELATIONSHIPS

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To have a positive impact on a changing world, it is essential first to understand how and why the business landscape is changing. One of the many ways Monash Business School remains at the forefront of research and education is through meaningful partnerships all over the world.

ENGAGEMENT Our partnerships include research collaborations, student-exchange programs, research and consulting services, corporate projects, internships, and engagement with business, corporate and government organisations – to name a few. And when it comes to the quality of these partnerships, our reputation precedes us.

Monash Business School’s accreditations demonstrate to our current and prospective partners that we stand confidently among the best of the best, and that our trajectory is rising.

In addition to being among the 1% of business schools in the world to have achieved the elite ‘triple crown’ of accreditations, we are also a member of, or signatory to: –– Association of Asia Pacific Business Schools (AAPBS) –– Academy of Business in Society (ABIS) –– Global Responsible Leadership Initiative (GRLI) –– Quantitative Techniques for Economics and Management (QTEM) –– Principles for Responsible Management Education (PRME).

On this international stage, our graduates are highly regarded and sought after in the business community. Our researchers are recognised for their ability to apply high-level technical expertise and theories to industry contexts. And this flows on to our educators and teaching programs, so that all our programs are underpinned by the latest knowledge.

In a nutshell, Monash Business School is both engaged and engaging.

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ENGAGEMENT

ADVISORY BOARDS To stay relevant and connected to our key stakeholders, Monash Business School regularly consults with three formal advisory boards, including a Business Advisory Board, Alumni Consultative Group and Global Advisory Council.

GLOBAL ADVISORY COUNCIL

BUSINESS ADVISORY BOARD

ALUMNI CONSULTATIVE GROUP

On matters that affect Monash Business School’s global positioning, we seek the advice of our extremely well-connected Global Advisory Council, represented by John Fraser, Guanglin (Alan) Lai and Tony Palmer.

Chaired by Graeme Samuel, the main role of the Business Advisory Board is to provide input into education, research and education activities, and to support strategic relationships with business and government.

As well as being graduates of Monash University, all three members are prominent business leaders with extensive access to global business networks, particularly in the US, Asia-Pacific and Australia.

Members:

The focus of the Alumni Consultative Group is to assist with the expansion and engagement of our global alumni network. In particular, this involves fostering relationships between alumni and current students, and generally advocating for Monash Business School and its alumni.

Chaired by John Fraser, the Global Advisory Council works closely with the Dean and other members of the academic leadership team on strategy and future directions of Monash Business School.

Members: John Fraser (Chair) Guanglin (Alan) Lai Tony Palmer

Graeme Samuel (Chair) Don Argus Steve Bracks Peter Day Rebecca Dee-Bradbury Andrew Dyer Tony Johnson Mark Joiner Scott Keck Merran Kelsall Tracey Kennair Gabby Leibovich Brigette McGuire Kate Morris Michael O’Neill Elizabeth Proust Paul Sheahan

TURN TO PAGES 28 AND 78 FOR MORE ON THE TONY PALMER – MONASH MARKETING AWARD AND JOHN FRASER, RESPECTIVELY.

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Members: Danny Armstrong Abie Boon Leng Pua Nina Calski Dr Lay Lian Chuah Peter Cosman Charles Custeau Lydia Föger Damian Garthwaite Simon Guttmann Sonya Li Song Yulia Lukita Carole McTavish Kai Schroder Russell Scoular Michael Teo Soon Peng Anthea White

PROFESSIONAL NETWORKS ESA MONASH FORUM At Monash Business School, there is no monopoly on economic truth, which is why we have partnered with the Economics Society of Australia (ESA) to establish a platform for open and informed economic debate, known as the ESA Monash Forum.

Through this forum, a diverse panel of 50 prominent economists from around Australia convene each month to address a pressing question of the times. Panellists are invited to agree or disagree with each question and rate their level of confidence in the response on a scale of 1 to 10.

Since its inception in July 2015, the forum has debated a range of topics, including GST reform, Sunday penalty rates and the inefficiencies of giving gifts rather than cash at Christmas time.

For example, 80% of panellists agreed that ‘Aligning Sunday penalty rates for hospitality, entertainment and retailing industries with the current levels for Saturday, as proposed in the Productivity Commission’s draft

report, will lead to more employment and greater availability of services on Sundays.’ Over 75% offered a confidence score of at least 8 out of 10.

On a lighter note, 73% of panellists disagreed or strongly disagreed with the statement: ‘Giving specific presents as holiday gifts is inefficient, because recipients could satisfy their preferences much better with cash’, with many citing time and social factors as more valuable commodities.

For each topic debated by the ESA Monash Forum, one economist from the panel provides commentary around the differing viewpoints, all of which are published on our website.

This partnership is a great way for us to interact with business, entrepreneurs and government, and provide practical opportunities for our students to contribute to more sustainable business Professor Richard Hall Deputy Dean, Leadership and Executive Education

Prominent economists from around Australia convene each month to address a pressing question of the times

FUTURE BUSINESS COUNCIL Under a three-year partnership struck with the Future Business Council in October 2015, Monash Business School will chair a working group of industry leaders committed to developing Australia as a global centre for business.

Through this partnership, the School will be able to engage even more directly with progressive business leaders and promote the latest thinking in global business.

Furthermore, it will allow students to work with cuttingedge start-ups and established international businesses.

The Future Business Council exists to advocate for the benefits of change and to push for reforms that will shift the economy in favour of more sustainable, innovative and ethical business models – a sentiment echoed by Monash Business School’s own vision for success.

ABOVE, FROM LEFT TO RIGHT: Tom Quinn (Executive Director, Future Business Council) and Professor Richard Hall (Deputy Dean, Leadership and Executive Education).

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ENGAGEMENT

GLOBAL DISCOVERY PROGRAM

ALUMNI ENGAGEMENT

In a shining example of the benefits available to Monash Business School students through alumni networks, fifth-year student Emma Moore was one of eight students who travelled to New York as part of the Global Discovery Program.

Studying at Monash Business School is just the first stage of a lifelong relationship.

In just over 50 years, we have built an international network of more than 100,000 graduates, all connected by a common thread – a rich and collegiate business education at Monash.

Held for the first time in April 2015, the program was established by the US arm of the Monash Global Leaders Network. In the US, this alumni network is led by Sue Fennessy, a Monash graduate who was inspired by her own experiences travelling to the US on a first-year study program.

During the eight-day trip, Emma and the group visited the United Nations, Bloomberg, Microsoft and the New York Stock Exchange, and attended functions with Monash President and Vice-Chancellor, Professor Margaret Gardner AO, as well as prominent alumni based in the US. Emma’s application stood out among a competitive field of 400 students who were asked to submit a 30-second video detailing how they would make the world a better place.

Modern communication was specifically selected as a main theme of the application process, to draw parallels with the increasing capacity for networking and collaboration in the global marketplace – a theme that is also reflected in the vision and values of Monash Business School.

LEFT, FROM LEFT TO RIGHT: Global Discovery Program students George Kennedy, Ben Campbell, Emma Moore, Kate Maxfield, Sumari Smith, Chris Tham, Neha Patil and Tony Tan at the New York Stock Exchange.

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Monash was a major influence on my life and development … the friendships have endured Michael Lynch Inaugural Bachelor of Economics graduate

CELEBRATING 50 YEARS OF GRADUATIONS For business and economics at Monash University, 2015 will be etched into our history as a year of remarkable significance. Not only as the year that Monash Business School was established, but also for celebrations that marked 50 years of Monash graduations in business and economics.

Just over 50 years ago, on Wednesday 8 April, 1964, nine men and one woman were presented with a Bachelor of Economics by the Dean of the Faculty of Economics and Politics, Professor Donald Cochrane.

Proceedings commenced at 3pm in the Robert Menzies School of Humanities with the singing of ‘God Save the Queen’. At this time, there were just 454 students enrolled in the course.

In only a relatively short time since these historic graduations, Monash Business School has evolved into one of the largest and most international business and economics academies in the AsiaPacific region, with a reputation for world-class research and education.

Similarly, the Monash Business School global alumni community continues to grow exponentially, which has seen our graduates occupying significant positions around the world in government, industry and community organisations.

To commemorate and reflect on these achievements, we were joined by more than 100 alumni and staff, spanning five decades, for a dinner at the Sofitel in Melbourne in February 2015.

It was a great pleasure to attend the dinner, both to hear more about the splendid work being done by Monash Business School and to see old friends again William Mack Inaugural Bachelor of Economics graduate

In particular, we were delighted to welcome four of the 11 inaugural Bachelor of Economics graduates – Martin Braden, Ian Dudgeon, Michael Lynch and William Mack – and two original faculty members – emeritus professors Maureen Brunt and Joe Isaac.

During an evening characterised by dynamic personalities and lively anecdotes, many of the inaugural graduates reflected on their Monash days as a collegiate experience that sparked lifelong personal and professional interests. Strikingly, these themes continue to resonate 50 years on.

BOTTOM: Professor Margaret Gardner AO (Monash University President and Vice-Chancellor) addresses guests and alumni.

TOP, FROM LEFT TO RIGHT: Inaugural class of 1964 graduates, William Mack, Martin Braden, Peter McDonald, Michael Lynch and Ian Dudgeon with class of 1965 graduate, Ian Menzies.

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THE

DEPARTMENT OF MANAGEMENT

IS PLAYING AN INCREASING ROLE IN EXTERNAL ENGAGEMENT, BOTH AT THE UNIVERSITY AND IN CBD LOCATIONS, THROUGH A RANGE OF INDUSTRY AND ALUMNI EVENTS, AND TAILORED EXECUTIVE EDUCATION

PROGRAMS.

PROFESSOR JULIE WOLFRAM COX

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DEPARTMENT OF MANAGEMENT

>> >> >> >> >> >> >>

The Department of Management is the largest grouping of management educators and researchers in the Asia-Pacific region. Our expertise embraces both the public and private sectors at home and overseas, with a special interest in Asia.

OF

Against a backdrop of increasingly complex challenges, we are striving to improve the nature and experience of work, employment and overall employee wellbeing.

Highlights for the Department of Management in 2015 included:

WE HAVE A FOUR-STAR RATING IN MANAGEMENT FROM ERA

n.39.

WE ARE RANKED 39 IN THE WORLD FOR BUSINESS AND MANAGEMENT BY QS

–– Excellence in research with significant impact through collaborations with the Institute for Safety Compensation and Recovery Research (ISCRR), Worksafe Victoria, and the Transport Accident Commission (TAC).

–– National and international partnerships on healthcare management reform now funded by an Australian Research Council (ARC) Linkage grant.

–– Funding secured from the Department of Foreign Affairs and Trade (DFAT) under the New Colombo Mobility Program.

–– Enhanced engagement and development for capacitybuilding in South Asia, with researchers awarded over A$1.25 million through the Australia Awards program.

–– Professor Helen De Cieri received a Dean’s Award for Excellence in Research.

–– Dr Kohyar Kiazad received the Dean's Award and a Vice-Chancellor’s Award for Excellence in Research by an Early Career Researcher.

Organisational behaviour Leadership Human resource management Work employment relations Ethics Operations and supply chain Public management and governance

MANAGEMENT

Research strengths

HEAD: Professor Julie Wolfram Cox DEPUTY HEAD: Associate Professor Deirdre O’Neill

TURN TO PAGES 36, 46 AND 52 FOR MORE ON A SELECTION OF THESE ACTIVITIES.

–– Delivery of training programs to senior personnel from the Bangladesh power and energy sectors under the Government Partnership for Development scheme.

–– Innovative undergraduate and graduate teaching practices, using flipped classrooms and blended learning formats for several large classes.

Figures are from 2015.

ERA: Excellence in Research for Australia QS: World University Rankings.

MANAGEMENT / ANNUAL REPORT 2015 / MONASH BUSINESS SCHOOL / 77

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ENGAGEMENT

MAKING HEADLINES In Australia and around the world, our alumni are making an impact on practice and thinking, not only in business, but also across virtually every other industry. They represent the viewpoints, languages, careers and cultures of a truly global alumni network.

From throughout the year, we are pleased to share a selection of significant appointments, achievements and lasting relationships with Monash Business School.

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John Fraser has had a highly decorated and influential career since graduating from Monash Business School

JOHN FRASER SECRETARY TO THE TREASURY In a move that is impacting Australian economic policy at the highest level, Monash Business School alumnus John Fraser was appointed as the 17th Secretary to the Australian Treasury, commencing in January 2015.

This is the second stint for Mr Fraser with the Australian Treasury, having previously served the department for 20 years, including an appointment as Deputy Secretary (Economic) from 1990 to 1993.

Further to his roles in government, Mr Fraser has had a highly decorated and influential career since graduating from Monash Business School with a first-class honours degree in economics in 1972. A shortlist of his key roles both in Australia and abroad include:

> Minister (Economic) at the Australian Embassy in Washington DC (1985–1988) >

Postings at the International Monetary Fund (1978–1980)

> Member of the Australian Government’s Audit Commission into publicsector finances (1996) > Board member of the Audit Committee of the Australian Stock Exchange (1997–2003) > Chairman and CEO of UBS Global Asset Management and member of the UBS Group Executive Board (London), and Chairman of UBS Saudi Arabia (2001–2013) > Chairman of Victorian Funds Management Corporation (2009–2015).

Mr Fraser was awarded an honorary Doctorate of Laws

by Monash University in 2013 and is Deputy Chairman of the Monash–Warwick University Alliance Circle. He also continues to maintain a close relationship with Monash Business School as a strategic advisor and member of the Global Advisory Council.

TURN TO PAGE 72 FOR MORE ON MONASH BUSINESS SCHOOL’S GLOBAL ADVISORY COUNCIL.

QUEEN’S BIRTHDAY HONOURS LIST HELEN SILVER OFFICER OF THE ORDER OF AUSTRALIA Monash Business School alumnus Helen Silver was recognised on the Queen’s Birthday Honours List for her outstanding contributions to the Victorian and Commonwealth governments at a senior-management level.

Highlighting the impact of her achievements, Helen was appointed as an Officer of the Order of Australia (AO).

Since completing her Masters of Economics at Monash Business School in 1988, Helen’s eminent appointments have included: > First Assistant Commissioner of the Commonwealth Government’s Productivity Commission (1993–1999) > Deputy Secretary, Economic and Financial Policy in the Victorian Department of Treasury and Finance (2003–2004) > Deputy and Secretary, Policy and Cabinet in the Department of Premier and Cabinet (2004–2006) > Secretary of the Victorian Department of Premier and Cabinet (2008–2013).

During Helen’s tenure as secretary, she led the Victorian public service through the Black Saturday Bushfires, managed the transition of an incoming government and premier, and guided negotiations on a range of issues, including health, water, transport and taxation reform, the National Disability Insurance Scheme (NDIS) and Gonski education reforms.

Throughout her career, Helen has maintained close ties with Monash Business School and the University, most notably in the capacity of a Vice-Chancellor’s Professorial Fellow and current member of the Monash Business Policy Forum (MBPF) Advisory Board. She has also helped to shape a new generation of leaders through participation in student leadership programs.

As part of the Centre for Global Business, the MBPF conducts research in areas relevant to business and economic reform, thereby acting as a conduit between Monash Business School, government and the wider business community. Along with other prominent members of the

advisory board, Helen regularly lends her expertise to the planning, execution and review of this research.

TURN TO PAGE 60 FOR MORE ON THE CENTRE FOR GLOBAL BUSINESS.

Announcement of the Queen’s Birthday Honours List in June 2015 showcased the significant impact of an impressive group of Monash Business School alumni across a diverse range of industries. Alumni honoured included: – H elen Silver (BEc [Hons] 1980, MEc 1988): For distinguished service to public administration, particularly through innovation and whole-ofgovernment coordination, to business and commerce, and to the community of Victoria.

– A nthony (Jock) Mackay (BEc 1971, DepEd 1972, BEd 1974): For significant service to education through reform in the teaching profession, leadership in curriculum development and innovation in assessment and reporting.

– K aren Mahlab AM (BEc 1984): For significant service to the community through support for the not-for-profit sector and contributions to philanthropic initiatives.

– S teven Barling (DipBus [GenAdmin] 1990); Australian Fire Service Medal (AFSM): For distinguished service to the Australian fire services.

My degrees from Monash were an important start in my career and have been, at different times, significant in achieving my career aspirations Helen Silver Officer of the Order of Australia, BEc (Hons), MEc / 79

ENGAGEMENT

PROFESSOR STEPHEN BROWN ACCOUNTING FOR SUSTAINABILITY AUSTRALIA DAY HONOURS

A meeting of deans and leading academics from around the world, held at royal residence Clarence House, saw Monash Business School alumnus Professor Stephen Brown meet with His Royal Highness The Prince of Wales in June 2015.

Monash Business School alumni were well represented in the Australia Day Honours awards, announced in January 2015. From shared beginnings in business, three of our alumni were honoured for their contributions to the arts and community, medical-research fundraising and military service, as follows:

The meeting was hosted by the London Business School and convened by The Prince’s Accounting for Sustainability project (A4S) and the University of Cambridge Institute for Sustainability Leadership (CISL).

> Noel Denton AM RFD (BEc 1969, MEnvSc 2000): For significant service to the visual and performing arts, and through a range of local-government, environmental and community groups. > Efraim Goldhammer (GradDipTax 1993, MTax 1995, GradDipLaw [IntProp] 2001): For service to medicalresearch organisations through fundraising roles. >> Major Brent Maddock (BBus 1999): For distinguished performance of duty in war-like operations as Chief Engineer for Combined Team – Uruzgan on Operation SLIPPER from June to December 2013.

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Business schools must do more to prepare MBA students to be effective business leaders

Echoing our own mission to effect a positive impact on a changing world, Professor Brown said the Prince felt it was important for business schools to do more to prepare MBA students to be effective business leaders in a world facing significant environmental challenges.

Currently, Professor Brown is the David S. Loeb Chair of Finance at New York University (NYU) Stern School of Business, where he is shifting to emeritus status.

During this transition period, we are pleased to welcome Professor Brown back to Monash Business

School on an appointment that will span four months of each year.

After graduating from Monash in 1972 with a Bachelor of Economics (Honours), Professor Brown went on to study for his MBA and PhD at the University of Chicago. He has served as an expert witness for the US Department of Justice and testified on his research before a Full Committee Hearing of the US Congress House Financial Services Committee in 2007.

In 2015, he became executive editor of the Financial Analysts Journal, after formerly serving as the managing editor of The Journal of Financial and Quantitative Analysis and founding editor of the Review of Financial Studies.

ABOVE: Monash Business School alumnus, Professor Stephen Brown.

REBECCA DEE-BRADBURY DISTINGUISHED ALUMNI AWARD Each year during the October graduation ceremonies, Monash University acknowledges outstanding alumni achievement across all 11 faculties of the University.

In 2015, the Distinguished Alumni Award for Monash Business School was awarded to Rebecca Dee-Bradbury for her influential contributions as non-executive director at Grain Corp Ltd, BlueScope Steel Ltd and TOWER Ltd. The accolade also took into account Rebecca’s previous influential experience, including a stint as CEO and President of Developed Markets (Asia-Pacific and Australia/New Zealand) with Mondelêz International (previously Kraft Foods/Cadbury).

Under Rebecca’s leadership during a period of transformational change, the company became the fastest-growing food manufacturer in Australia. She has also represented the food and agriculture industry at a number of policy-leadership forums at state and federal level.

Prior to joining Mondelêz, Rebecca was the CEO of the Barbecues Galore Group, and held a number of other seniorexecutive positions in organisations including Maxxium Premium Wines and Spirits, Burger King Corporation and Lion Nathan/ Pepsi Cola Bottlers.

Rebecca is a member of Chief Executive Women and was named one of Australia’s Most Influential Women at the Westpac AFR Women of Influence Awards in 2013.

Our Distinguished Alumni Award recipients highlight the depth and breadth of our alumni community Professor Margaret Gardner AO Monash University President and Vice-Chancellor

As an inaugural member of the Business Advisory Board, Rebecca is actively involved with Monash Business School, providing advice and feedback on issues relating to education, research and engagement activities.

TURN TO PAGE 72 FOR MORE ON MONASH BUSINESS SCHOOL’S BUSINESS ADVISORY BOARD.

2015 ANNUAL REPORT / MONASH BUSINESS SCHOOL / 81

FORGING RELATIONSHIPS ENGAGEMENT

AMANDA BLENNERHASSETT AUSTRALIAN MARKETING INSTITUTE NATIONAL AWARDS For Monash Business School alumnus Amanda Blennerhassett, a balanced approach has been a recurring theme throughout her highly successful career in marketing.

ABOVE: Amanda Blennerhassett, winner of two Australian Marketing Institute National Awards.

Amanda chose to study a double degree in business and commerce to balance her academic pursuits with more creative interests, including French and sociology.

She juggled three part-time jobs while completing her studies. And by her own admission, Amanda has always been on a quest to balance her passion for commerce with the common good.

In 2015, this balancing act paid off when Amanda’s marketing consultancy, Brand Savvy, was co-awarded the Australian Marketing Institute (AMI) National Award for Marketing Excellence in the Brand Extension category, and the ultimate honour of M&C Saatchi Program of the Year.

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Against finalists including CocaCola, IBM and K-mart, Brand Savvy was recognised for an outstanding consumer-brand launch spearheaded by Amanda on behalf of her client, Just for Pets.

major fast-moving consumer goods (FMCG) brands and significant group revenue growth from increased store traffic and more than doubled basket sales after a free pet-health check.

The Just for Pets campaign represented a world-first concept in pet care – the launch of a series of Pet Health Centres offering free six-point animal health checks in 40 of the group’s 70 stores across Australia. A national television and digital advertising campaign was also developed to lead a fight back against corporate competition.

Amanda started Brand Savvy in 2008 to address the mismatch between her own values and those of the management cultures in places where she had previously worked. She set up the consultancy in Byron Bay, NSW, for immediate access to clients and entrepreneurs with a very progressive outlook on combining wellness with business.

Results from the campaign over an 18-month period showed increased support from nine

‘I wanted to do great, successful business, with true integrity, accountability, balance, kindness

and respect, to make our world a better place’, said Amanda.

‘I wanted to enjoy going to work every day, so I carved out my own path and have since worked with some incredible, like-minded clients.’

Amanda also credits her start at Monash Business School as a major factor in her success.

‘I could not have chosen a better course for my career’, she said. ‘In today’s results-driven world, it’s essential to have a strong grasp of commerce to ensure delivery back to the bottom line. I have used everything I learned.’

MAKING NEWS IN ASIA–PACIFIC

DR MICHAEL NIRMAL DE SILVA Australian Alumni Excellence Merit Award At an annual ceremony hosted by the Australian Trade Commission in February 2015, Monash Business School alumnus Dr Michael Nirmal De Silva was honoured with an Australian Alumni Excellence Merit Award for Business Leadership (Sri Lanka).

Dr De Silva was acknowledged for his senior-management experience in the Asia-Pacific region, across sales, marketing, business-development, productmanagement operations, and supply-chain management.

Over a multifaceted career spanning more than 15 years, Dr De Silva has occupied key positions in the Maldives, Sri Lanka (Ingram Micro) and Malaysia (hSenid Software International). Dr De Silva

is now Country Manager of Regus in Sri Lanka, where he established new operations for the region in 2011.

The Australian Alumni Excellence Awards (Sri Lanka) recognise Sri Lankan leaders with applied skills and knowledge acquired through education in Australia.

In the case of Dr De Silva – a Bachelor of Business (Management) graduate in 2013 – the award showcases Monash Business School as a destination for quality education and genuine employment opportunities in the Asia-Pacific region.

TONY JOHNSON Oceania CEO and Regional Managing Partner, EY Punctuating a career of more than 16 years at Ernst and Young (EY), Monash Business School alumnus Tony Johnson was appointed as the firm’s CEO and Regional Managing Partner for the Oceania region, commencing in January 2015.

Tony brings solid Asia-Pacific experience to the role, having previously served as EY’s leader of the Oceania Assurance practice from 2009 to 2012, and as the Asia-Pacific Financial Services Managing Partner across eight

countries within the region. He has also been an active member of a number of Australian, Asia-Pacific and global executive leadership committees.

In addition to his role at EY, Tony is a fellow of the Institute of Chartered Accountants and the Financial Services Institute of Australasia (FINSIA), and a member of the Institute of Company Directors. Tony graduated from Monash in 1988 with a Bachelor of Economics.

ABOVE: Tony Johnson, Oceania CEO and Regional Managing Partner at EY.

FORGING RELATIONSHIPS / 2015 ANNUAL REPORT / MONASH BUSINESS SCHOOL / 83

ENGAGING WITH THE WORLD

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DEPARTMENT OF MARKETING

>> Brand management and marketing communications >> Business-to-business marketing >> Marketing capabilities and strategy >> Retailing and services marketing >> Social marketing

MARKETING

Research strengths

The Department of Marketing has been leading the way in marketing education and research for over 40 years. With more than 40 full-time academic teaching and research staff, and a significant cohort of respected industry teaching associates, we challenge our students to become future Chief Marketing Officers in profit and not-for-profit organisations.

Highlights for the Department of Marketing in 2015 included: –– Establishment of a dedicated Bachelor of Marketing degree.

–– Partnering with Medibank on delivery of an undergraduate unit, which successfully engaged 180 marketing students in live pitches to Medibank’s senior marketing team.

–– Redevelopment of the Master of Marketing to meet the responsibilities of future Chief Marketing Officers.

–– Launch of our inaugural Master of Marketing mentoring program for highperforming students.

WE HAVE A FIVE-STAR RATING IN MARKETING FROM ERA Figures are from 2015.

ERA: Excellence in Research for Australia.

–– Celebration of our 43rd annual Monash Marketing Awards for Excellence, for undergraduate and graduate students.

–– Alumni Gavin MacMillan (Head of Strategy, Ogilvy & Mather) and John Zeigler (Chairman Emeritus, DDB Asia Pacific) presented in two marketing masterclasses to other alumni.

–– Our Australian Consumer, Retail and Services research unit partnered with industry (e.g. GPT, AMP, Stockland, Scentre, Lend Lease, QIC) on commercial marketing research projects, and conducted its 5th Global Retail Index survey of retail CEO sentiment.

–– Hosting of our inaugural marketing ‘research camp’ attended by international and domestic scholars, and themed around advances in quantitative modelling and consumer psychology.

HEAD: Professor Harmen Oppewal DEPUTY HEAD: Associate Professor Yelena Tsarenko

TURN TO PAGE 48 FOR MORE ON DR CARLA FERRARO.

We are proud of our 40-plus years of thought leadership in marketing education and research, and particularly proud of our marketing alumni who now apply their knowledge throughout Australia and around the globe Professor Harmen Oppewal 85

PUBLICATIONS

MONASH LIBRARY IMAGE

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TOP-RANKING PUBLICATIONS Monash Business School has an ambitious research agenda and is committed to delivering impactful and innovative research across our disciplines. In 2015, a number of our researchers had their work published in some of the world's most prestigious academic journals.

The list provided is a great example of our research excellence and we would like to congratulate all our researchers on their achievements throughout the year.

Professor Gary Magee Deputy Dean, Research

PUBLICATIONS / 2015 ANNUAL REPORT / MONASH BUSINESS SCHOOL / 87

TOP-RANKING PUBLICATIONS

A* papers Abernethy, M., Dekker, H., Schulz, A.K., 2015, Are employee selection and incentive contracts complements or substitutes?, Journal Of Accounting Research, vol 53, issue 4, Wiley-Blackwell Publishing, Inc., Hoboken NJ USA, pp. 633-668.

Alessandria, G., Choi, H., Kaboski, J.P., Midrigan, V., 2015, Microeconomic uncertainty, international trade, and aggregate fluctuations, Journal of Monetary Economics, vol 69, Elsevier BV, Amsterdam Netherlands, pp. 20-38.

Allen, B., Holland, P.J., Reynolds, R., 2015, The effect of bullying on burnout in nurses: The moderating role of psychological detachment, Journal Of Advanced Nursing, vol 71, issue 2, Wiley-Blackwell Publishing Ltd., Chichester UK, pp. 381-390.

Anbarci, N., Dutu, R., Feltovich, N., 2015, Inflation tax in the lab: A theoretical and experimental study of competitive search equilibrium with inflation, Journal of Economic Dynamics and Control, vol 61, Elsevier BV, Amsterdam Netherlands, pp. 17-33.

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Anderson, H.L., 2015, Fraudulent transactions affecting employees: Some new perspectives on the liability of advisers, Melbourne University Law Review, vol 39, issue 1, Melbourne University Law Review Association Inc., Melbourne Vic Australia, pp. 1-46.

Angus, S., Newton, J., 2015, Emergence of shared intentionality is coupled to the advance of cumulative culture, PloS Computational Biology, vol 11, issue 10, PLoS Computational Biology, San Francisco CA USA, pp. 1-12.

An, Z., Li, D., Yu, J., 2015, Firm crash risk, information environment, and speed of leverage adjustment, Journal of Corporate Finance, vol 31, Elsevier BV, Amsterdam Netherlands, pp. 132-151.

Bobe, B.J., Kober, R.O., 2015, Measuring organisational capabilities in the higher education sector, Education and Training, vol 57, issue 3, Emerald Group Publishing Limited, Bingley UK, pp. 322-342.

Cahan, S.F., Chen, C., Chen, L., Nguyen, N.H., 2015, Corporate social responsibility and media coverage, Journal of Banking and Finance, vol 59, Elsevier BV, Amsterdam Netherlands, pp. 409-422.

Cameron, L.A., Shah, M., 2015, Risk-taking behavior in the wake of natural disasters, Journal Of Human Resources, vol 50, issue 2, University of Wisconsin Press Journal Division, Madison WI USA, pp. 484-515.

Chen, Y., Rhee, S., Veeraraghavan, M., Zolotoy, L., 2015, Stock liquidity and managerial short-termism, Journal of Banking and Finance, vol 60, Elsevier BV, Amsterdam Netherlands, pp. 44-59.

Cao, V.N., 2015, What explains the value premium? The case of adjustment costs, operating leverage and financial leverage, Journal of Banking and Finance, vol 59, Elsevier BV, Amsterdam Netherlands, pp. 350-366.

Colombo, L., Labrecciosa, P., 2015, On the Markovian efficiency of Bertrand and Cournot equilibria, Journal Of Economic Theory, vol 155, Academic Press, Maryland Heights MO USA, pp. 332-358.

Chan, K., Ge, L., Lin, T., 2015, Informational content of options trading on acquirer announcement return, Journal of Financial and Quantitative Analysis, vol 50, issue 5, Cambridge University Press, Cambridge UK, pp. 1057-1082.

Chenhall, R.H., Moers, F., 2015, The role of innovation in the evolution of management accounting and its integration into management control, Accounting, Organizations and Society, vol 47, Pergamon Press, Kidlington UK, pp. 1-13.

Chen, Y., Dou, P.Y., Rhee, S., Truong, H.A., Veeraraghavan, M., 2015, National culture and corporate cash holdings around the world, Journal of Banking and Finance, vol 50, Elsevier BV, Amsterdam Netherlands, pp. 1-18.

Coney, C.L., 2015, Critical thinking in its contexts and in itself, Educational Philosophy and Theory, vol 47, issue 5, Routledge, Abingdon UK, pp. 515-528.

Danaher, P.J., Smith, M.S., Ranasinghe, K.A., Danaher, T.S., 2015, Where, when, and how long: Factors that influence the redemption of mobile phone coupons, Journal Of Marketing Research, vol 52, issue 5, American Marketing Association, Chicago IL USA, pp.

710-725.

Dong, C., Gao, J., Peng, B., 2015, Semiparametric single-index panel data models with cross-sectional dependence, Journal of Econometrics, vol 188, issue 1, Elsevier BV, Amsterdam Netherlands, pp. 301-312.

Eusepi, S., Preston, B.J., 2015, Consumption heterogeneity, employment dynamics and macroeconomic co-movement, Journal of Monetary Economics, vol 71, Elsevier BV, Amsterdam Netherlands, pp. 13-32.

Gao, J., Kanaya, S., Li, D., Tjostheim, D.B., 2015, Uniform consistency for nonparametric estimators in null recurrent time series, Econometric Theory, vol 31, issue 5, Cambridge University Press, Cambridge UK, pp. 911-952.

Gutacker, N., Harris, A.H., Brennan, D.S., Hollingsworth, B.P., 2015, The determinants of dentists' productivity and the measurement of output, Social Science and Medicine, vol 124, Pergamon Press, Kidlington UK, pp. 76-84.

Feltovich, N., Giovannoni, F., 2015, Selection vs. accountability: An experimental investigation of campaign promises in a moral-hazard environment, Journal of Public Economics, vol 126, Elsevier BV, Amsterdam Netherlands, pp. 39-51.

Gao, J., Kim, N., Saart, P., 2015, A misspecification test for multiplicative error models of non-negative time series processes, Journal of Econometrics, vol 189, issue 2, Elsevier BV, Amsterdam Netherlands, pp. 346-359.

Guven, C., Islam, A., 2015, Age at migration, language proficiency, and socioeconomic outcomes: Evidence from Australia, Demography, vol 52, issue 2, Springer New York LLC, New York NY USA, pp. 513-542.

Feltovich, N., Grossman, P.J., 2015, How does the effect of preplay suggestions vary with group size? Experimental evidence from a threshold public-good game, European Economic Review, vol 79, Elsevier BV, Amsterdam Netherlands, pp. 263-280.

Ghosh, A., Karunananthan, C.S., Tian, F., 2015, Causes and consequences of the CEO also being the chair of the board, Journal of Management Accounting Research, vol 27, issue 2, American Accounting Association, Sarasota FL USA, pp.

197-223.

Flory, J.A., Leibbrandt, A., List, J.A., 2015, Do competitive workplaces deter female workers? A large-scale natural field experiment on job entry decisions, Review of Economic Studies, vol 82, issue 1, Oxford University Press, Oxford UK, pp. 122-155.

Gillespie, J., 2015, Localizing global competition law in Vietnam: A bottom-up perspective, International and Comparative Law Quarterly, vol 64, issue 4, Cambridge University Press, Cambridge UK, pp. 935-963.

Gabbe, B.J., Lyons, R., Fitzgerald, M.C.B., Judson, R., Richardson, J.R.J., Cameron, P., 2015, Reduced population burden of road transport-related major trauma after introduction of an inclusive trauma system, Annals Of Surgery, vol 261, issue 3, Lippincott Williams & Wilkins, United States, pp. 565-572.

Grossman, P.J., Eckel, C., 2015, Loving the long shot: Risk taking with skewed lotteries, Journal of Risk and Uncertainty, vol 51, issue 3, Springer New York LLC, New York NY USA, pp. 195-217.

Gu, Y., Lancsar, E.J., Ghijben, P., Butler, J., Donaldson, C., 2015, Attributes and weights in health care priority setting: A systematic review of what counts and to what extent, Social Science and Medicine, vol 146, Pergamon Press, Kidlington UK, pp. 41-52.

Hirst, G., Van Knippenberg, D., Zhou, J., Quintane, E., Zhu, J.C., 2015, Heard it through the grapevine: Indirect networks and employee creativity, Journal of Applied Psychology, vol 100, issue 2, American Psychological Association, Washington DC USA, pp. 567-574.

Holte, J.H., Kjaer, T., Abelsen, B., Olsen, J.A., 2015, The impact of pecuniary and non-pecuniary incentives for attracting young doctors to rural general practice, Social Science and Medicine, vol 128, Pergamon Press, Kidlington UK, pp. 1-9.

Huang, H., Raghunandan, K., Huang, T., Chiou, J., 2015, Fee discounting and audit quality following audit firm and audit partner changes: Chinese evidence, Accounting Review, vol 90, issue 4, American Accounting Association, Sarasota FL USA, pp. 1517-1546.

Islam, A., Nguyen, C., Smyth, R.L., 2015, Does microfinance change informal lending in village economies? Evidence from Bangladesh, Journal of Banking and Finance, vol 50, Elsevier BV, Amsterdam Netherlands, pp. 141-156.

Johnston, D.W., Lordan, G., Shields, M.A., Suziedelyte, A., 2015, Education and health knowledge: Evidence from UK compulsory schooling reform, Social Science and Medicine, vol 127, Pergamon Press, Kidlington UK, pp. 92-100.

Kaambwa, B., Lancsar, E.J., McCaffrey, N., Chen, G., Gill, L., Cameron, I.D., Crotty, M., Ratcliffe, J., 2015, Investigating consumers' and informal carers' views and preferences for consumer directed care: A discrete choice experiment, Social Science and Medicine, vol 140, Pergamon Press, Kidlington UK, pp. 81-94.

Kalfadellis, P., 2015, Location advantages and repeat investment in Australia: A two-state comparison, Regional Studies, vol 49, issue 7, Routledge, Abingdon UK, pp. 1140-1159.

PUBLICATIONS / 2015 ANNUAL REPORT / MONASH BUSINESS SCHOOL / 89

TOP-RANKING PAPERS

Kang, Y., Gong, X., Gao, J., Qiu, P., 2015, Jump detection in generalized error-in-variables regression with an application to Australian health tax policies, The Annals of Applied Statistics, vol 9, issue 2, Institute of Mathematical Statistics, Beachwood OH USA, pp. 883-900.

Kaplanski, G., Levy, H., Veld, C.H., Veld-Merkoulova, J.W., 2015, Do happy people make optimistic investors?, Journal of Financial and Quantitative Analysis, vol 50, issue 1-2, Cambridge University Press, Cambridge UK, pp. 145-168.

Kiazad, K., Holtom, B.C., Hom, P.W., Newman, A.H., 2015, Job embeddedness: A multifoci theoretical extension, Journal of Applied Psychology, vol 100, issue 3, American Psychological Association, Washington DC USA, pp. 641-659.

Koo, B., Linton, O., 2015, Let's get lade: Robust estimation of semiparametric multiplicative volatility models, Econometric Theory, vol 31, issue 4, Cambridge University Press, Cambridge UK, pp. 671-702.

Koo, B., Seo, M.H., 2015, Structural-break models under mis-specification: Implications for forecasting, Journal of Econometrics, vol 188, issue 1, Elsevier, Amsterdam Netherlands, pp. 166-181.

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Langford, R.H., Ramsay, I.M., Welsh, M.A., 2015, The origins of company directors' statutory duty of care, The Sydney Law Review, vol 37, issue 4, Lawbook Co., Rozelle NSW Australia, pp. 489-518.

Leibbrandt, A., List, J.A., 2015, Do women avoid salary negotiations?

Evidence from a large-scale natural field experiment, Management Science, vol 61, issue 9, Institute for Operations Research and the Management Sciences (INFORMS), Catonsville MD USA, pp. 2016-2024.

Lorgelly, P.K., Lorimer, K., Fenwick, E.A., Briggs, A.H., Anand, P., 2015, Operationalising the capability approach as an outcome measure in public health: The development of the OCAP-18, Social Science and Medicine, vol 142, Pergamon Press, Kidlington UK, pp. 68-81.

Morabito, V., 2015, Replacing inadequate class representatives in federal class actions: Quo Vadis?, University of New South Wales Law Journal, vol 38, issue 1, University of New South Wales Faculty of Law, Sydney NSW Australia, pp. 146-178.

Poskitt, D.S., Grose, S.D., Martin, G.M., 2015, Higher-order improvements of the sieve bootstrap for fractionally integrated processes, Journal of Econometrics, vol 188, issue 1, Elsevier BV, Amsterdam Netherlands, pp. 94-110.

Newton, J., Angus, S., 2015, Coalitions, tipping points and the speed of evolution, Journal of Economic Theory, vol 157, Academic Press, Maryland Heights MO USA, pp. 172-187.

Power, D., Klassen, R.D., Kull, T.J., Simpson, D.F., 2015, Competitive goals and plant investment in environment and safety practices: Moderating effect of national culture, Decision Sciences, vol 46, issue 1, Wiley-Blackwell Publishing Ltd, Hoboken NJ USA, pp. 63-100.

Ng, C.Y.A., Rezaee, Z., 2015, Business sustainability performance and cost of equity capital, Journal of Corporate Finance, vol 34, Elsevier BV, Amsterdam Netherlands, pp. 128-149.

Madsen, J.B., Raschky, P., Skali, A., 2015, Does democracy drive income in the world, 1500-2000?, European Economic Review, vol 78, Elsevier, Amsterdam Netherlands, pp. 175-195.

Nguyen, T.T., Gordon-Brown, L.N., Khosravi, A., Creighton, D., Nahavandi, S., 2015, Fuzzy portfolio allocation models through a new risk measure and fuzzy Sharpe ratio, IEEE Transactions on Fuzzy Systems, vol 23, issue 3, Institute of Electrical and Electronics Engineers, Piscataway NJ USA, pp. 656-676.

Mitchell, R.K., Van Buren III, H., Greenwood, M.R., Freeman, R.E., 2015, Stakeholder inclusion and accounting for stakeholders, Journal Of Management Studies, vol 52, issue 7, Wiley-Blackwell Publishing Ltd., Chichester UK, pp. 851-877.

Oppewal, H., Huybers, T., Crouch, G.I., 2015, Tourist destination and experience choice: A choice experimental analysis of decision sequence effects, Tourism Management, vol 48, Pergamon Press, Kidlington UK, pp. 467-476.

Rausser, G., Simon, L.K., Zhao, J., 2015, Rational exaggeration and counter-exaggeration in information aggregation games, Economic Theory, vol 59, issue 1, Springer, Heidelberg Germany, pp. 109-146.

Roberts, K., Roberts, J.H., Danaher, P.J., Raghavan, R.V., 2015, Incorporating emotions into evaluation and choice models: Application to Kmart Australia, Marketing Science, vol 34, issue 6, Institute for Operations Research and the Management Sciences (INFORMS), Catonsville MD USA, pp. 815-824.

Robertson, D., Sarafidis, V., 2015, IV estimation of panels with factor residuals, Journal of Econometrics, vol 185, issue 2, Elsevier BV, Amsterdam Netherlands, pp. 526-541.

Serpell, A.J., 2015, Protecting the desperate: The regulation of payday lending, Federal Law Review, vol 43, issue 1, Australian National University Faculty of Law, Acton ACT Australia, pp. 147-176.

Spinks, J.M., Mortimer, D.S., 2015, The effect of traffic lights and regulatory statements on the choice between complementary and conventional medicines in Australia: Results from a discrete choice experiment, Social Science and Medicine, vol 124, Pergamon Press, Kidlington UK, pp. 257-265.

Thoradeniya, P., Lee, J., Tan, R., Ferreira, A., 2015, Sustainability reporting and the theory of planned behaviour, Accounting, Auditing and Accountability Journal, vol 28, issue 7, Emerald Group Publishing Limited, Bingley UK, pp. 1099-1137.

Toth, B., Palit, I., Lillo, F., Farmer, J., 2015, Why is equity order flow so persistent?, Journal of Economic Dynamics and Control, vol 51, Elsevier BV, Amsterdam Netherlands, pp. 218-239.

Wolfram Cox, J.R., Minahan, S.M., 2015, Where pop meets purl: Knitting, the curation of craft, and the folk/mass culture divide, Curator: The Museum Journal, vol 58, issue 3, Wiley-Blackwell Publishing, Inc., Hoboken NJ USA, pp. 235-249.

Yang, Y., Pan, G., 2015, Independence test for high dimensional data based on regularized canonical correlation coefficients, Annals of Statistics, vol 43, issue 2, Institute of Mathematical Statistics, Beachwood OH USA, pp. 467-500.

A papers Abeysekera, L.H.D., Dawson, P., 2015, Motivation and cognitive load in the flipped classroom: definition, rationale and a call for research, Higher Education Research and Development, vol 34, issue 1, Routledge, Abingdon UK, pp. 1-14.

Adler, N., Forsyth, P.J., Mueller, J., Niemeier, H., 2015, An economic assessment of airport incentive regulation, Transport Policy, vol 41, Pergamon Press, Kidlington UK, pp. 5-15.

Ahmed, S., Maitra, P., 2015, A distributional analysis of the gender wage gap in Bangladesh, Journal of Development Studies, vol 51, issue 11, Routledge, Abingdon UK, pp.

1444-1458.

Anbarci, N., Feltovich, N., Gurdal, M.Y., 2015, Lying about the price?

Ultimatum bargaining with messages and imperfectly observed offers, Journal of Economic Behavior and Organization, vol 116, Elsevier BV, Amsterdam Netherlands, pp. 346-360.

Ang, B.J., Madsen, J.B., 2015, Imitation versus innovation in an aging society: International evidence since 1870, Journal Of Population Economics, vol 28, issue 2, Springer, Heidelberg Germany, pp. 299-327.

Ang, B.J., Madsen, J.B., Robertson, P.E., 2015, Export performance of the Asian miracle economies: The role of innovation and product variety, Canadian Journal of Economics, vol 48, issue 1, Wiley-Blackwell Publishing Ltd., Hoboken NJ USA, pp. 273-309.

Ang, J.J., Madsen, J.B., 2015, What drives ideas production across the world?, Macroeconomic Dynamics, vol 19, issue 1, Cambridge University Press, Cambridge UK, pp. 79-115.

Azad, A.S., Batten, J.A., Fang, V.K.F., Wickramanayake, J., 2015, International swap market contagion and volatility, Economic Modelling, vol 47, Elsevier BV, Amsterdam Netherlands, pp. 355-371.

Batten, J.A., Szilagyi, P., Wagner, N., 2015, Should emerging market investors buy commodities?, Applied Economics, vol 47, issue 39, Routledge, Abingdon UK, pp. 4228-4246.

Bhattacharya, A., Singh, P.J., Nand, A.A., 2015, Antecedents of buyer opportunistic behavior in outsourcing relationships, International Journal of Production Economics, vol 166, Elsevier BV, Amsterdam Netherlands, pp. 258-268.

Bollen, B.E., Skully, M.T., Tripe, D., Wei, X.T., 2015, The global financial crisis and its impact on Australian bank risk, International Review of Finance, vol 15, issue 1, WileyBlackwell Publishing Asia, Richmond Vic Australia, pp. 89-111.

Cason, T.N., Gangadharan, L., 2015, Promoting cooperation in nonlinear social dilemmas through peer punishment, Experimental Economics, vol 18, issue 1, Springer New York LLC, New York NY USA, pp. 66-88.

Bhattacharya, M., Narayan, P., 2015, Output and labor productivity in organized manufacturing: A panel cointegration analysis for India, International Journal of Production Economics, vol 170, issue A, Elsevier BV, Amsterdam Netherlands, pp. 171-177.

Brooks, R.D., Faff, R., Treepongkaruna, S., Wu, E., 2015, Do sovereign re-ratings destabilize equity markets during financial crises? New evidence from higher return moments, Journal of Business Finance and Accounting, vol 42, issue 5-6, Wiley-Blackwell Publishing Ltd., Chichester UK, pp. 777-799.

Cason, T.N., Mui, V., 2015, Rich communication, social motivations, and coordinated resistance against divide-and-conquer: A laboratory investigation, European Journal of Political Economy, vol 37, Elsevier BV, Amsterdam Netherlands, pp. 146-159.

Bhattacharya, M., Rafiq, S., Bhattacharya, S., 2015, The role of technology on the dynamics of coal consumption-economic growth: New evidence from China, Applied Energy, vol 154, Pergamon Press, Kidlington UK, pp. 686-695.

Black, N., Johnston, D.W., 2015, Too much of a good thing? Exploring the impact of wealth on weight, Health Economics, vol 24, issue 11, John Wiley & Sons Ltd., Chichester UK, pp. 1403-1421.

Black, N., Johnston, D.W., Peeters, A., 2015, Childhood obesity and cognitive achievement, Health Economics, vol 24, issue 9, John Wiley & Sons Ltd., Chichester UK, pp. 1082-1100.

Brown, C.A., Handley, J.C., O'Day, J.W., 2015, The dividend substitution hypothesis: Australian evidence, Abacus, vol 51, issue 1, WileyBlackwell Publishing Asia, Richmond Vic Australia, pp. 37-62.

Cameron, L.A., Erkal, N., Gangadharan, L., Zhang, M., 2015, Cultural integration: Experimental evidence of convergence in immigrants' preferences, Journal of Economic Behavior and Organization, vol 111, Elsevier BV, Netherlands, pp. 38-58.

Carroll, R., Kearney, C., 2015, Testing the mixture of distributions hypothesis on target stocks, Journal of International Financial Markets, Institutions and Money, vol 39, Elsevier BV, Amsterdam Netherlands, pp. 1-14.

Castka, P., Prajogo, D.I., Sohal, A.S., Yeung, A.C.L., 2015, Understanding firms selection of their ISO 9000 third-party certifiers, International Journal of Production Economics, vol 162, Elsevier BV, Amsterdam Netherlands, pp. 125-133.

Chakrabarty, M., Majumder, A., Ray, R., 2015, Preferences, spatial prices and inequality, Journal of Development Studies, vol 51, issue 11, Routledge, Abingdon UK, pp.

1488-1501.

Chakravarty, S., Shahriar, A.Z., 2015, Selection of borrowing partners in joint liability-based microcredit: Evidence from framed field experiments in Bangladesh, Entrepreneurship: Theory and Practice, vol 39, issue 1, WileyBlackwell Publishing, Inc, Hoboken NJ USA, pp. 129-144.

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Chang, K., Cooke, F.L., 2015, Legislating the right to strike in China: Historical development and prospects, Journal of Industrial Relations, vol 57, issue 3, Sage Publications Ltd., London UK, pp. 440-455.

Cheng, Z., Smyth, R.L., 2015, Crime victimization, neighborhood safety and happiness in China, Economic Modelling, vol 51, Elsevier BV, Amsterdam Netherlands, pp. 424-435.

Cheng, Z., Smyth, R.L., 2015, Sex and happiness, Journal of Economic Behavior and Organization, vol 112, Elsevier BV, Amsterdam Netherlands, pp. 26-32.

Cheng, Z., Smyth, R.L., Guo, F., 2015, The impact of China's new Labour Contract Law on socioeconomic outcomes for migrant and urban workers, Human Relations, vol 68, issue 3, Sage Publications Ltd., London UK, pp. 329-352.

Chen, J., Gao, J., Li, D., Lin, Z., 2015, Specification testing in nonstationary time series models, Econometrics Journal, vol 18, Wiley-Blackwell Publishing Ltd, Chichester UK, pp. 117-136.

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Chen, S.D., Dempsey, M.J., Lajbcygier, P.R., 2015, Is Fundamental Indexation able to time the market? Evidence from the Dow Jones Industrial Average and the Russell 1000, Journal of International Financial Markets, Institutions and Money, vol 37, Elsevier BV, Amsterdam Netherlands, pp. 162-177.

Chen, Y., 2015, Funding status of defined benefit pension plans and idiosyncratic return volatility, Journal of Financial Research, vol 38, issue 1, Wiley-Blackwell Publishing, Inc., Hoboken NJ USA, pp. 35-57.

Chen, Y., Podolski-Boczar, E., Veeraraghavan, M., 2015, Does managerial ability facilitate corporate innovative success?, Journal of Empirical Finance, vol 34, Elsevier BV, Amsterdam Netherlands, pp. 313-326.

Chen, Y., Truong, H.A., Veeraraghavan, M., 2015, CEO risk-taking incentives and the cost of equity capital, Journal of Business Finance and Accounting, vol 42, issue 7-8, Wiley-Blackwell Publishing Ltd., Chichester UK, pp. 915-946.

Cobb-Clark, D., Kassenboehmer, S., Le, T., McVicar, D., Zhang, R., 2015, 'High'-school: The relationship between early marijuana use and educational outcomes, Economic Record, vol 91, issue 293, WileyBlackwell Publishing Asia, Richmond Vic Australia, pp. 247-266.

Cobb-Clark, D., Kassenboehmer, S., Le, T., McVicar, D., Zhang, R., 2015, Is there an educational penalty for being suspended from school?, Education Economics, vol 23, issue 4, Routledge, Abingdon UK, pp. 376-395.

Cooke, F.L., Bartram, T., 2015, Guest editors' introduction: Human resource management in health care and elderly care: Current challenges and toward a research agenda, Human Resource Management, vol 54, issue 5, John Wiley & Sons, Inc, Hoboken NJ USA, pp. 711-735.

Cooke, F.L., Wang, J., Yao, X., Xiong, L., Zhang, J., Li, A., 2015, Mining with a high-end strategy: A study of Chinese mining firms in Africa and human resources implications, International Journal Of Human Resource Management, vol 26, issue 21, Routledge, Abingdon UK, pp. 2744-2762.

Cooper, R.J., McLaren, K.R., Rehman, F., Szewczyk, W.A., 2015, Economic welfare evaluation in an era of rapid technological change, Economics Letters, vol 131, Elsevier BV, Amsterdam Netherlands, pp. 38-40.

Cornwell, K.A., Inder, B.A., 2015, Child health and rainfall in early life, Journal of Development Studies, vol 51, issue 7, Routledge, Oxon UK, pp. 865-880.

Dang, T.M., Booth, D.R., Brooks, R.D., Schnytzer, A., 2015, Do TV viewers value uncertainty of outcome? Evidence from the Australian Football League, Economic Record, vol 91, issue 295, Wiley-Blackwell Publishing Asia, Richmond Vic Australia, pp. 523-535.

Dhewanto, W., Sohal, A.S., 2015, The relationship between organisational orientation and research and development/technology commercialisation performance, R&D Management, vol 45, issue 4, Wiley-Blackwell Publishing Ltd., Chichester UK, pp. 339-360.

Dasgupta, U., Gangadharan, L., Maitra, P., Mani, S., Subramanian, S., 2015, Choosing to be trained: Do behavioral traits matter?, Journal of Economic Behavior and Organization, vol 110, Elsevier BV, Amsterdam Netherlands, pp. 145-159.

Doiron, D., Fiebig, D.G., Johar, M., Suziedelyte, A., 2015, Does selfassessed health measure health?, Applied Economics, vol 47, issue 2, Routledge, Abingdon UK, pp. 180-194.

de Araujo Cavalcanti, C., Leibbrandt, A., 2015, Dry promotions and community participation: Evidence from a natural field experiment in Brazilian fishing villages, Journal of Economic Behavior and Organization, vol 119, Elsevier BV, Amsterdam Netherlands, pp. 457-465.

Devos, K.N.H., 2015, Implications for the concept of 'tax benefit/advantage' as prescribed in the Australian and British general anti-avoidance rules in tackling tax base erosion and profit shifting, Common Law World Review, vol 44, issue 4, Sage Publications Ltd, London UK, pp. 239-261.

Du, J., Guariglia, A., Newman, A.H., 2015, Do social capital building strategies influence the financing behavior of Chinese private small and medium-sized enterprises?, Entrepreneurship: Theory and Practice, vol 39, issue 3, WileyBlackwell Publishing, Inc., New Jersey USA, pp. 601-631.

Du, Q., Liu, Q., 2015, Labor market flexibility and the real exchange rate, Economics Letters, vol 136, Elsevier BV, Amsterdam Netherlands, pp. 13-18.

Edirisuriya, P., Gunasekarage, A., Dempsey, M.J., 2015, Bank diversification, performance and stock market response: Evidence from listed public banks in South Asian countries, Journal of Asian Economics, vol 41, Elsevier BV, Amsterdam Netherlands, pp. 69-85.

Etile, F., Sharma, A., 2015, Do high consumers of sugar-sweetened beverages respond differently to price changes? A finite mixture IV-Tobit approach, Health Economics, vol 24, issue 9, John Wiley & Sons Ltd., West Sussex UK, pp. 1147-1163.

Frijters, P., Johnston, D.W., Shields, M.A., Sinha, K., 2015, A lifecycle perspective of stock market performance and wellbeing, Journal of Economic Behavior and Organization, vol 112, Elsevier BV, Amsterdam Netherlands, pp. 237-250.

Evans, C.C., Minas, J., Lim, Y., 2015, Taxing personal capital gains in Australia: An alternative way forward, Australian Tax Forum, vol 30, Taxation Institute of Australia, Sydney NSW Australia, pp. 735-761.

Galagedera, D.U.A., Watson, J., 2015, Benchmarking superannuation funds based on relative performance, Applied Economics, vol 47, issue 28, Routledge, Abingdon UK, pp. 2959-2973.

Faravelli, M., Friesen, L., Gangadharan, L., 2015, Selection, tournaments, and dishonesty, Journal of Economic Behavior and Organization, vol 110, Elsevier BV, Amsterdam Netherlands, pp. 160-175.

Farhadi, M., 2015, Transport infrastructure and long-run economic growth in OECD countries, Transportation Research, Part A: Policy and Practice, vol 74, Pergamon Press, Kidlington UK, pp. 73-90.

Farhadi, M., Islam, M., Moslehi, S., 2015, Economic freedom and productivity growth in resource-rich economies, World Development, vol 72, Pergamon Press, Kidlington UK, pp. 109-126.

Fenech, J.P., Vosgha, H., Shafik, S., 2015, Loan default correlation using an Archimedean copula approach: A case for recalibration, Economic Modelling, vol 47, Elsevier BV, Amsterdam Netherlands, pp. 340-354.

Gamble, R., 2015, The Parliament, the Commission and the Court Three European institutions and their effect on private enforcement of anti-competitive conduct in the EU, E C L R: European Competition Law Review, vol 36, issue 12, Sweet & Maxwell Ltd., United Kingdom, pp. 501-512.

Gao, W., Smyth, R.L., 2015, Education expansion and returns to schooling in urban China, 2001-2010: Evidence from three waves of the China Urban Labor Survey, Journal of the Asia Pacific Economy, vol 20, issue 2, Routledge, Abingdon UK, pp. 178-201.

Geerling, W., Magee, G.B., Brooks, R.D., 2015, Cooperation, defection and resistance in Nazi Germany, Explorations in Economic History, vol 58, Academic Press, Maryland Heights MO USA, pp. 125-139.

Georgalis, J., Samaratunge, R., Kimberley, N.A., Lu, Y., 2015, Change process characteristics and resistance to organisational change: The role of employee perceptions of justice, Australian Journal of Management, vol 40, issue 1, Sage Publications Ltd., London UK, pp. 89-113.

Geue, C., Lorgelly, P.K., Lewsey, J., Hart, C., Briggs, A.H., 2015, Hospital expenditure at the end-of-life: What are the impacts of health status and health risks?, PLoS ONE, vol 10, issue 3, Public Library of Science, San Francisco CA USA, pp. 1-14.

Grose, S.D., Martin, G.M., Poskitt, D.S., 2015, Bias correction of persistence measures in fractionally integrated models, Journal of Time Series Analysis, vol 36, issue 5, Wiley-Blackwell Publishing Ltd, Chichester UK, pp. 721-740.

Grossman, P.J., Eckel, C., 2015, Giving versus taking for a cause, Economics Letters, vol 132, Elsevier BV, Amsterdam Netherlands, pp. 28-30.

Grossman, P.J., Komai, M., Jensen, J.E., 2015, Leadership and gender in groups: An experiment, Canadian Journal of Economics, vol 48, issue 1, Wiley-Blackwell Publishing, Inc., Hoboken NJ USA, pp. 368-388.

Gupta, S., Maltz, E., 2015, Interdependency, dynamism, and variety (IDV) network modeling to explain knowledge diffusion at the fuzzy front-end of innovation, Journal of Business Research, vol 68, issue 11, Elsevier Inc., New York NY USA, pp. 2434-2442.

Hausken, K., Banuri, S., Gupta, D.K., Abbink, K., 2015, Al Qaeda at the bar: Coordinating ideologues and mercenaries in terrorist organizations, Public Choice, vol 164, issue 1, Springer New York LLC, New York NY USA, pp. 57-73.

Herault, N., Kalb, G.R.J., Zakirova, R., 2015, A study into the persistence of living in a jobless household, Economic Record, vol 91, issue 293, Wiley-Blackwell Publishing Asia, Richmond Vic Australia, pp. 209-232.

Houser, D.E., Xiao, E., 2015, House money effects on trust and reciprocity, Public Choice, vol 163, issue 1, Springer New York LLC, New York NY USA, pp. 187-199.

Huang, L., Shi, H., 2015, Keeping up with the Joneses: From conspicuous consumption to conspicuous leisure?, Oxford Economic Papers-New Series, vol 67, issue 4, Oxford University Press, Oxford UK, pp. 949-962.

Inekwe, J., 2015, The contribution of R&D expenditure to economic growth in developing economies, Social Indicators Research, vol 124, issue 3, Springer Netherlands, Dordrecht Netherlands, pp. 727-745.

Islam, A., 2015, Heterogeneous effects of microcredit: Evidence from large-scale programs in Bangladesh, Journal of Asian Economics, vol 37, Elsevier BV, Amsterdam Netherlands, pp. 48-58.

Islam, A., Raschky, P., 2015, Genetic distance, immigrants' identity, and labor market outcomes, Journal Of Population Economics, vol 28, issue 3, Springer, Heidelberg Germany, pp. 845-868.

Islam, A., Smyth, R.L., 2015, Do fertility control policies affect health in old age? Evidence from China's one-child experiment, Health Economics, vol 24, issue 5, John Wiley & Sons Ltd., Chichester UK, pp. 601-616.

Islam, M., Madsen, J.B., 2015, Is income inequality persistent?

Evidence using panel stationarity tests, 1870-2011, Economics Letters, vol 127, Elsevier BV, Amsterdam Netherlands, pp. 17-19.

Islam, M., Madsen, J.B., Raschky, P., 2015, Gold and silver mining in the 16th and 17th centuries, land titles and agricultural productivity, European Journal of Political Economy, vol 39, Elsevier BV, Amsterdam Netherlands, pp. 150-166.

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Jerrard, M.A., 2015, The G & K O'Connor lockout (1999) and its aftermath: A case study of a union avoidance campaign in the Australian meat processing industry, Labour History: a journal of labour and social history, vol 109, Australian Society for the Study of Labour History, Sydney NSW Australia, pp. 131-148.

Keay, A., Welsh, M.A., 2015, Enforcing breaches of directors' duties by a public body and Antipodean experiences, Journal of Corporate Law Studies, vol 15, issue 2, Hart Publishing Ltd., Oxford UK, pp. 255-284.

Khajehzadeh, S., Oppewal, H., Tojib, D.R., 2015, Mobile coupons: What to offer, to whom, and where?, European Journal of Marketing, vol 49, issue 5-6, Emerald Group Publishing Limited, Bingley UK, pp. 851-873.

Khalil, E.L., 2015, Temptations as impulsivity: How far are regret and the Allais paradox from shoplifting?, Economic Modelling, vol 51, Elsevier BV, Amsterdam Netherlands, pp. 551-559.

Khalil, E.L., 2015, The FellowFeeling Paradox: Hume, Smith and the moral order, Philosophy, vol 90, issue 4, Cambridge University Press, Cambridge UK, pp. 653-678.

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Khan, S.U., Krever, R., 2015, Is integration of income taxation possible in the EU?, Australian Tax Forum, vol 30, issue 2, Taxation Institute of Australia, Sydney NSW Australia, pp. 455-470.

Li, H., O'Hare, C., Zhang, X., 2015, A semiparametric panel approach to mortality modeling, Insurance: Mathematics and Economics, vol 61, Elsevier BV, Amsterdam Netherlands, pp. 264-270.

La Vecchia, D., Camponovo, L., Ferrari, D., 2015, Robust heart rate variability analysis by generalized entropy minimization, Computational Statistics and Data Analysis, vol 82, Elsevier BV, Amsterdam Netherlands, pp. 137-151.

Li, S., Silvapulle, M.J., Silvapulle, P., Zhang, X., 2015, Bayesian approaches to nonparametric estimation of densities on the unit interval, Econometric Reviews, vol 34, issue 3, Taylor & Francis Inc, New York NY USA, pp. 394-412.

Lean, H.H., Smyth, R.L., 2015, Testing for weak-form efficiency of crude palm oil spot and future markets: New evidence from a GARCH unit root test with multiple structural breaks, Applied Economics, vol 47, issue 16, Routledge, Abingdon UK, pp. 1710-1721.

Li, S.X., Eckel, C., Grossman, P.J., Brown, T.L., 2015, Directed giving enhances voluntary giving to government, Economics Letters, vol 133, Elsevier BV, Amsterdam Netherlands, pp. 51-54.

Leibbrandt, A., Maitra, P., Neelim, A., 2015, On the redistribution of wealth in a developing country: Experimental evidence on stake and framing effects, Journal of Economic Behavior and Organization, vol 118, Elsevier BV, Amsterdam Netherlands, pp. 360-371.

Leibbrandt, A., Ramalingam, A., Saaksvuori, L., Walker, J.M., 2015, Incomplete punishment networks in public goods games: Experimental evidence, Experimental Economics, vol 18, issue 1, Springer New York LLC, New York NY USA, pp. 15-37.

Long, R.J., Fang, T., 2015, Do strategic factors affect adoption of profit sharing? Longitudinal evidence from Canada, International Journal Of Human Resource Management, vol 26, issue 7, Routledge, Abingdon UK, pp. 971-1001.

Luxton, S.L., Reid, M., Mavondo, F.T., 2015, Integrated marketing communication capability and brand performance, Journal of Advertising, vol 44, issue 1, Routledge, Philadelphia PA USA, pp. 37-46.

Magee, G.B., Bhatti, M.I., Li, A., 2015, The economic modeling of migration and consumption patterns in the English-speaking world, Economic Modelling, vol 50, Elsevier BV, Amsterdam Netherlands, pp. 322-330.

Majumder, A., Ray, R., Sinha, K., 2015, Estimating purchasing power parities from household expenditure data using complete demand systems with application to living standards comparison: India and Vietnam, Review Of Income And Wealth, vol 61, issue 2, Wiley-Blackwell Publishing Ltd., Chichester UK, pp. 302-328.

Majumder, A., Ray, R., Sinha, K., 2015, Spatial comparisons of prices and expenditure in a heterogeneous country: Methodology with application to India, Macroeconomic Dynamics, vol 19, issue 5, Cambridge University Press, Cambridge UK, pp. 931-989.

Mariano, M.J., Giesecke, J.A., Tran, H.N., 2015, The effects of domestic rice market interventions outside business-as-usual conditions for imported rice prices, Applied Economics, vol 47, issue 8, Routledge, Abingdon UK, pp. 809-832.

Meadows, G.N., Enticott, J., Inder, B.A., Russell, G.M., Gurr, R., 2015, Better access to mental health care and the failure of the Medicare principle of universality, Medical Journal Of Australia, vol 202, issue 4, Australasian Medical Publishing Company Pty Ltd, Australia, pp. 190-195.

Michel-Kerjan, E., Raschky, P., Kunreuther, H., 2015, Corporate demand for insurance: New evidence from the U.S. terrorism and property markets, Journal Of Risk And Insurance, vol 82, issue 3, WileyBlackwell Publishing, Inc., Hoboken NJ USA, pp. 505-530.

Mishra, V., Smyth, R.L., 2015, Estimating returns to schooling in urban China using conventional and heteroskedasticity-based instruments, Economic Modelling, vol 47, Elsevier BV, Amsterdam Netherlands, pp. 166-173.

Mitchell, P.M., Al-Janabi, H., Richardson, J.R.J., Iezzi, A.A., Coast, J., 2015, The relative impacts of disease on health status and capability wellbeing: A multi-country study, PLoS ONE, vol 10, issue 12, Public Library of Science, San Francisco CA USA, pp. 1-15.

Moosa, I.A., Vaz, J.J., 2015, Directional accuracy, forecasting error and the profitability of currency trading: Model-based evidence, Applied Economics, vol 47, issue 57, Routledge, Abingdon UK, pp. 6191-6199.

Moosa, I.A., Vaz, J.J., 2015, Why is it so difficult to outperform the random walk? An application of the MeeseRogoff puzzle to stock prices, Applied Economics, vol 47, issue 4, Routledge, Abingdon UK, pp. 398-407.

Morello, R., Barker, A., Watts, J.J., Haines, T.P., Zavarsek, S., Hill, K.D., Brand, C.A., Sherrington, C., Wolfe, R.S.J., Bohensky, M.A., Stoelwinder, J.U., 2015, The extra resource burden of in-hospital falls: a cost of falls study, Medical Journal of Australia, vol 203, issue 9, Australasian Medical Publishing Company Pty. Ltd., Strawberry Hills, Australia, pp. 367.e1-367.e8.

Neesham, C., Gu, J., 2015, Strengthening moral judgment: A moral identity-based leverage strategy in business ethics education, Journal Of Business Ethics, vol 131, issue 3, Springer Netherlands, Dordrecht Netherlands, pp. 527-534.

Newman, A.H., Nielsen, I.L., Miao, Q., 2015, The impact of employee perceptions of organizational corporate social responsibility practices on job performance and organizational citizenship behavior: Evidence from the Chinese private sector, International Journal Of Human Resource Management, vol 26, issue 9, Routledge, Abingdon UK, pp. 1226-1242.

Newman, A.H., Nielsen, I.L., Smyth, R.L., Hooke, A., 2015, Examining the relationship between workplace support and life satisfaction: The mediating role of job satisfaction, Social Indicators Research, vol 120, issue 3, Springer Netherlands, Dordrecht Netherlands, pp. 769-781.

Nyland, C., Hartel, C.E.J., Thin, V.T., Zhu, J.C., 2015, Hospital numerical flexibility and nurse economic security in China and India, British Journal Of Industrial Relations, vol 53, issue 1, Wiley-Blackwell Publishing Ltd, Chichester UK, pp.

136-158.

Newton, J.D., Tsarenko, Y., Ferraro, C.R., Sands, S.J., 2015, Environmental concern and environmental purchase intentions: The mediating role of learning strategy, Journal of Business Research, vol 68, issue 9, Elsevier BV, New York NY USA, pp. 1974-1981.

Olmedo, E., Smith, W.A., Noor, M.M., 2015, Ethnic groupism: Understanding ethnicisation of work in Malaysia, Ethnicities, vol 15, issue 6, Sage Publications Ltd., London UK, pp. 810-828.

Newton, J.D., Wong, J., Newton, F.J., 2015, The social status of health message endorsers influences the health intentions of the powerless, Journal of Advertising, vol 44, issue 2, Routledge, Philadelphia PA USA, pp. 151-160.

Nyadzayo, M.W., Matanda, M.J., Ewing, M.T., 2015, The impact of franchisor support, brand commitment, brand citizenship behavior, and franchisee experience on franchisee-perceived brand image, Journal of Business Research, vol 68, issue 9, Elsevier Inc., New York NY USA, pp. 1886-1894.

Ooi, N.K.S., Laing, J.H., Mair, J.F., 2015, Social capital as a heuristic device to explore sociocultural sustainability: A case study of mountain resort tourism in the community of Steamboat Springs, Colorado, USA, Journal of Sustainable Tourism, vol 23, issue 3, Routledge, Abingdon UK, pp. 417-436.

Palmeira, M., 2015, Abstract language signals power, but also lack of action orientation, Journal Of Experimental Social Psychology, vol 61, Academic Press, Maryland Heights MO USA, pp. 59-63.

Palmeira, M., Spassova, G., 2015, Consumer reactions to professionals who use decision aids, European Journal of Marketing, vol 49, issue 3-4, Emerald Group Publishing Limited, Bingley UK, pp. 302-326.

Palmeira, M., Spassova, G., Keh, H.T., 2015, Other-serving bias in advice-taking: When advisors receive more credit than blame, Organizational Behavior And Human Decision Processes, vol 130, Academic Press, Maryland Heights MO USA, pp. 13-25.

Patterson, W.E., Ambrosini, V., 2015, Configuring absorptive capacity as a key process for research intensive firms, Technovation, vol 36-37, Pergamon Press, Kidlington UK, pp. 77-89.

Pennington, M., Baker, R.M., Brouwer, W., Mason, H.D., Gyrd-Hansen, D., Robinson, A., Donaldson, C., Bell, S., Jones-Lee, M., Wildman, J., Lancsar, E.J., Bacon, P., Olsen, J.A., Kjaer, T., Beck, M., Nielsen, J.S., Persson, U., Bergman, A., Protiere, C., Moatti, J.P., Luchini, S., Pinto-Prades, J., Mataria, A., Khatib, R., Jaralla, Y., van Exel, J., Topor-Madry, R., Kozierkiewicz, A., Poznanski, D., Kocot, E., Gulacsi, L., Pentek, M., Kharroubi, S., Manca, A., Shackley, P., 2015, Comparing WTP values of different types of QALY gain elicited from the general public, Health Economics, vol 24, issue 3, John Wiley & Sons Ltd., Chichester UK, pp. 280-293.

Prior Jonson, E.W., McGuire, L.M., O'Neill, D.L., 2015, Teaching ethics to undergraduate business students in Australia: Comparison of integrated and stand-alone approaches, Journal Of Business Ethics, vol 132, issue 2, Springer Netherlands, Dordrecht Netherlands, pp. 477-491.

Ratan, A., 2015, Does displaying probabilities affect bidding in firstprice auctions?, Economics Letters, vol 126, Elsevier BV, Amsterdam Netherlands, pp. 119-121.

Reid, M., Thompson, P., Mavondo, F.T., Brunso, K., 2015, Economic and utilitarian benefits of monetary versus non-monetary in-store sales promotions, Journal of Marketing Management, vol 31, issue 3-4, Routledge, Abingdon UK, pp. 247-268.

Riach, K., Warren, S., 2015, Smell organization: Bodies and corporeal porosity in office work, Human Relations, vol 68, issue 5, Sage Publications Ltd., London UK, pp. 789-809.

Richardson, J.R.J., Iezzi, A.A., Khan, M.A., 2015, Why do multi-attribute utility instruments produce different utilities: The relative importance of the descriptive systems, scale and 'micro-utility' effects, Quality Of Life Research, vol 24, issue 8, Springer Netherlands, Dordrecht Netherlands, pp. 2045-2053.

Russell, M., Clapperton, A.J., Vu, T., Day, L.M., 2015, Trends in fallrelated hospitalisations in older people living in aged care facilities, Osteoporosis International, vol 26, Springer, London UK, pp. 1219-1224.

Saart, P., Gao, J., Allen, D.E., 2015, Semiparametric autoregressive conditional duration model: Theory and practice, Econometric Reviews, vol 34, issue 6-10, Taylor & Francis Inc., New York NY USA, pp. 849-881.

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Sanford, A.D., Moosa, I.A., 2015, Operational risk modelling and organizational learning in structured finance operations: A Bayesian network approach, Journal of the Operational Research Society, vol 66, issue 1, Palgrave Macmillan Ltd, Basingstoke UK, pp. 86-115.

Sangeux, M., Polak, J., 2015, A simple method to choose the most representative stride and detect outliers, Gait and Posture, vol 41, issue 2, Elsevier BV, Amsterdam Netherlands, pp. 726-730.

Sarafidis, V., Weber, N., 2015, A partially heterogeneous framework for analyzing panel data, Oxford Bulletin Of Economics And Statistics, vol 77, issue 2, Wiley-Blackwell Publishing Ltd, Chichester UK, pp. 274-296.

Senevirathne, L.K., Thoradeniya, P., 2015, The factors influencing teachers' intention to engage in school based assessment in secondary schools of Sri Lanka, Educational Practice and Theory, vol 37, issue 1, James Nicholas Publishers, Pty. Ltd., South Melbourne VIC Australia, pp. 81-104.

Shim, M., Yang, H., 2015, The implications of changes in hours fluctuations on welfare costs of business cycles, Economics Letters, vol 128, Elsevier BV, Amsterdam Netherlands, pp. 75-78.

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Smyth, R.L., Narayan, P., 2015, Applied econometrics and implications for energy economics research, Energy Economics, vol 50, Elsevier BV, Amsterdam Netherlands, pp. 351-358.

Suziedelyte, A., Zhu, A., 2015, Does early schooling narrow outcome gaps for advantaged and disadvantaged children?, Economics of Education Review, vol 45, Pergamon Press, Kidlington UK, pp. 76-88.

Srivastava, P.D., McLaren, K.R., Wohlgenant, M.K., Zhao, X., 2015, Disaggregated econometric estimation of consumer demand response by alcoholic beverage types, Australian Journal Of Agricultural And Resource Economics, vol 59, issue 3, Wiley-Blackwell Publishing Asia, Richmond Vic Australia, pp. 412-432.

Sweeney, J.C., Danaher, T.S., McColl-Kennedy, J.R., 2015, Customer effort in value cocreation activities: Improving quality of life and behavioral intentions of health care customers, Journal of Service Research, vol 18, issue 3, Sage Publications, Inc., Thousand Oaks CA USA, pp. 318-335.

Sutherland, C.E., 2015, Industrial legislation in Australia in 2014, Journal of Industrial Relations, vol 57, issue 3, Sage Publications Ltd., London UK, pp. 333-347.

Suziedelyte, A., 2015, Media and human capital development: Can video game playing make you smarter?, Economic Inquiry, vol 53, issue 2, Wiley-Blackwell Publishing Inc, Hoboken NJ USA, pp. 1140-1155.

Suziedelyte, A., 2015, The effects of old and new media on children's weight, Applied Economics, vol 47, issue 10, Routledge, Abingdon UK, pp. 1008-1018.

Tack, J.B., Pope, R.D., LaFrance, J.T., Cavazos, R.H., 2015, Modelling an aggregate agricultural panel with application to US farm input demands, European Review Of Agricultural Economics, vol 42, issue 3, Oxford University Press, Oxford UK, pp. 371-396.

Thomas, L.C., Ambrosini, V., 2015, Materializing strategy: The role of comprehensiveness and management controls in strategy formation in volatile environments, British Journal Of Management, vol 26, issue S1, Wiley-Blackwell Publishing Ltd., Chichester UK, pp. S105-S124.

Thomas, S.A., Feng, S., Krishnan, T.V., 2015, To retain? To upgrade?

The effects of direct mail on regular donation behavior, International Journal of Research in Marketing, vol 32, issue 1, Elsevier BV, Amsterdam Netherlands, pp. 48-63.

Tojib, D.R., Tsarenko, Y., Sembada, A.Y., 2015, The facilitating role of smartphones in increasing use of value-added mobile services, New Media and Society, vol 17, issue 8, Sage Publications Ltd., London UK, pp. 1220-1240.

Tsarenko, Y., Tojib, D.R., 2015, Consumers' forgiveness after brand transgression: The effect of the firm's corporate social responsibility and response, Journal of Marketing Management, vol 31, issue 17-18, Routledge, Abingdon UK, pp. 18511877.

Valadkhani, A., Smyth, R.L., 2015, Switching and asymmetric behaviour of the Okun coefficient in the US: Evidence for the 1948-2015 period, Economic Modelling, vol 50, Elsevier BV, Amsterdam Netherlands, pp. 281-290.

Valadkhani, A., Smyth, R.L., Vahid-Araghi, F., 2015, Asymmetric pricing of diesel at its source, Energy Economics, vol 52, issue A, Elsevier BV, Amsterdam Netherlands, pp. 183-194.

Valos, M.J., Polonsky, M.J., Mavondo, F.T., Lipscomb, J.E., 2015, Senior marketers' insights into the challenges of social media implementation in large organisations: Assessing generic and electronic orientation models as potential solutions, Journal of Marketing Management, vol 31, issue 7-8, Routledge, Abingdon UK, pp. 713-746.

Verikios, G., Dixon, P.B., Rimmer, M., Harris, A.H., 2015, Improving health in an advanced economy: An economywide analysis for Australia, Economic Modelling, vol 46, Elsevier BV, Amsterdam Netherlands, pp. 250-261.

Voigt, E.A., Hirst, G., 2015, High and low performers' intention to leave: examining the relationship with motivation and commitment, International Journal Of Human Resource Management, vol 26, issue 5, Routledge, UK, pp. 574-588.

Wang, L.C., 2015, All work and no play? The effects of ability sorting on students' non-school inputs, time use, and grade anxiety, Economics of Education Review, vol 44, Pergamon Press, Oxford UK, pp. 29-41.

Wang, Z., Smyth, R.L., 2015, A hybrid method for creating Lorenz curves, Economics Letters, vol 133, Elsevier BV, Amsterdam Netherlands, pp. 59-63.

Wang, Z., Smyth, R.L., 2015, A piecewise method for estimating the Lorenz curve, Economics Letters, vol 129, Elsevier BV, Amsterdam Netherlands, pp. 45-48.

Weisner, M.M., 2015, Using construal level theory to motivate accounting research: A literature review, Behavioral Research in Accounting, vol 27, issue 1, American Accounting Association, Sarasota FL USA, pp. 137-180.

White, M.V., 2015, A peculiar archaeology: Searching for Mr Giffen's behaviour, European Journal Of The History Of Economic Thought, vol 22, issue 1, Routledge, Abingdon UK, pp. 26-50.

Winand, P.M.A., Kalfadellis, P., Witzleb, N., 2015, European and EU studies and research in Australia through thick and thin: public policy and higher education mismatch?, Australian Journal Of Politics And History, vol 61, issue 1, WileyBlackwell, Richmond Vic Australia, pp. 67-81.

Wray, M., Croy, W.G., 2015, Film tourism: Integrated strategic tourism and regional economic development planning, Tourism Analysis, vol 20, issue 3, Cognizant Communication Corporation, Putnam Valley NY USA, pp. 313-326.

Wright, J., Valenzuela, M.R., Chotikapanich, D., 2015, Measuring poverty and inequality from highly aggregated small-area data: The changing fortunes of Latrobe Valley households, Economic Record, vol 91, issue 294, Wiley-Blackwell Publishing Asia, Richmond Vic Australia, pp. 367-385.

Ye, D., Ng, Y., Lian, Y., 2015, Culture and happiness, Social Indicators Research, vol 123, issue 2, Springer Netherlands, Dordrecht Netherlands, pp. 519-547.

Zhang, H., Arup, C., 2015, Beyond the CDM: Regulating China's domestic offset scheme, Environmental Law Reporter: news and analysis, vol 45, issue 1, Environmental Law Institute, Washington DC USA, pp. 10049-10063.

Zhang, M.M., Bartram, T., McNeil, N., Dowling, P.J., 2015, Towards a research agenda on the sustainable and socially responsible management of agency workers through a flexicurity model of HRM, Journal of Business Ethics, vol 127, issue 3, Springer Netherlands, Dordrecht Netherlands, pp. 513-523.

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