2004 Annual Report FBE

aAnnual Report 2004 – Outlook 2005 >Faculty of Economics and Commerce

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2 Message from the Dean

4 The University of Melbourne

5 Faculty of Economics and Commerce

7 2004 Faculty Highlights

8 Academic Programs

11 Research and Research Training

12 Internationalisation

15 Staffing

16 Distinctions and Awards

17 Business and Community

19 Statistical Tables

22 Research Grants

25 Departmental Profiles

28 Centres in the Faculty

31 Graduates of the Faculty

33 Commerce Alumni Society Report

34 People in the Faculty

50 Contact the Faculty

Contents > 01

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Message from the Dean >

Our Faculty has been a pioneer in the business education field in Australia:the first chair in economics in 1855, the first marketing course in the 1930’s,the first accounting chair in 1954, and equal first MBA program in 1963 (now offered through the Melbourne Business School).

In 2004, I would make particular mention of the:

– Appointment of two Nobel Laureates, Professor Sir Clive Granger from the University of California (San Diego) and Professor Sir James Mirrlees from Cambridge University. Theseeminent scholars will both add greatly to our research activities and support our undergraduate and research training programs

– Expansion of our equity programs to provide access to disadvantaged students

– Diversity of our 2,000-strong international student cohort, supported by a significant expansion of our international exchange program with overseas universities

– Teaching and learning awards our staff received

– High rate of output of first-rate research.

We have continued this proud tradition by launching new programs such as the Master of Applied Commerce, Master of Applied Finance, Master of Business and InformationTechnology and the Master of International Business, to name a few. We have also continuedto develop the Bachelor of Commerce program, the leading course of its type in Australia.

With 34 full professors, 145 faculty, nearly 7,000 students and 23,000 alumni, the Faculty is a powerhouse in its field.

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Collectively, these things are helping us to maintain a position of leadership in Australia. But localleadership will not be enough. In the globaluniversity marketplace of today, the spectre of a quasi-monopoly over talent is real with theincreasing power of the top Northern Hemispherebusiness schools. This is of vital concern forAustralia, not just for students past, present andfuture, but for employers seeking a competitiveedge. It is vital that the Faculty becomes asignificant global player. How else will we attractthe best staff and the best students in the world?How else will Australian business leaders beadequately equipped – other than by leaving to go overseas?

To stand out on the world stage sets a big challenge for us all. It will require planning,ambition, resourcefulness and a great deal ofsupport. Support from a wide variety of people and in many forms. 2004 will mark the year that the Faculty decided to embark on a majorinitiative to build this support base. From 2005, this initiative will be a major focus for us and will be a University priority with the full backing of our new Vice-Chancellor, Professor Glyn Davis.

We intend to build much closer ties with the private sector and with ouralumni, both at home and overseas.

In 2005 we will communicate our vision and buildthe case for three strategic programs we regard as vital to our future:

– To build a major endowed scholarships programto attract top students from around the world

– To fund a major endowed chairs program toattract scholars of international renown toMelbourne (at present the Faculty has noperpetual endowment for funding chairs)

– To make a significant capital contribution to thenew $90 million Faculty building project (due toopen in 2008), enabling the establishment of aworld class facility that goes beyond traditionalclassrooms, encouraging dialogue betweenbusiness and academia, and providing a learningenvironment to inspire future business leaders.

We hope that you will find this report on theactivities of the Faculty in 2004 and the profile ofthe academic and administrative staff of interest.

Professor Margaret AbernethyDean

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In 2004, the University of Melbourne was ranked#1 in Australia by the Melbourne Institute ofApplied Economic and Social Research study, The International Standing of AustralianUniversities. This follows the worldwide ranking of the University at #22 by the Times HigherEducation Supplement. Since its foundation in1853, the University of Melbourne has built thisinternational reputation based on high standards of scholarship and teaching, prestigiousinternational links and the quality of its academic staff and students.

There are 40,000 students at theUniversity of Melbourne, including about 10,000 pursuing higher degrees,supported by nearly 6,000 staff.

The Faculty of Economics and Commerce is one of 11 faculties. The others are the faculties of Architecture, Building and Planning; Arts;Education; Engineering; Law; Medicine, Dentistryand Health Sciences; Music; Science; VeterinaryScience and Land and Food Resources. Eachfaculty conducts courses for various degrees ofbachelor, masters and postgraduate diplomas. The majority of undergraduate students takesubjects from more than one faculty and many are concurrently enrolled in degrees from twofaculties.

The University also confers the Doctor ofPhilosophy degree and higher doctorates.

The University is a member of the Group of Eight leading comprehensive research-intensiveuniversities in Australia. The Group of Eightuniversities undertake 70% of all researchconducted in Australian universities and over half of all basic research conducted throughoutAustralia. They also produce between 60% and80% of internationally recognised Australianresearch publications in every field of research and over 80% of internationally cited universityresearch from Australia.

In addition, the University is a member ofUniversitas 21. Universitas 21 is an internationalnetwork of leading research-intensive universities.Its purpose is to facilitate collaboration andcooperation between the member universities and to create entrepreneurial opportunities forthem on a scale that none of them would be able to achieve operating independently or throughtraditional bilateral alliances

The main University campus covers 20 hectaresand is located at Parkville, two kilometres north of Melbourne’s city centre and financial district. A number of residential colleges and studentapartments are located close to the campus.

The University of Melbourne >04


History

Economics has been taught at the University ofMelbourne since its foundation. W.E. Hearn wasappointed as a professor of history and politicaleconomy in 1855.The Faculty was established in1924 with teaching for the Bachelor of Commercedegree commencing on 2 March 1925. Thefoundation Dean of the Faculty was Professor Sir Douglas Copland who remained a leading figure in Australian economics and politics until his death in 1971. The Faculty’s 500-seat mainlecture auditorium is named after him.

The Faculty has always been a pioneer in business education in Australia.

Marketing has been taught since the 1930’s; in 1954 it appointed A.A. Fitzgerald as the first full-time professor of accounting in Australia; theMBA degree was introduced in 1963 (now taughtin the Melbourne Business School). More recently,the Faculty has introduced Masters degrees inbusiness and IT, applied finance, internationalbusiness, applied commerce and accounting.

The student population has changed from an initial intake in 1925 of predominantly part-timestudents working in commerce in the city ofMelbourne to full-time students drawn fromAustralia and overseas who are amongst the most able of their generation.

Since 1925, over 23,000 students have graduatedfrom the Faculty. Many of these graduates nowoccupy senior positions in business, governmentand academia, both within Australia andinternationally.

Faculty of Economics and Commerce >

Pictured above standing left to right: Staff of 1925: MrG.L. Wood, Mr A.A. Fitzgerald, Mr E.V. Nixon, Mr E.C.W.Kelly. Seated: Mr R.B. Lemmon, Professor D.B. Copland

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Current Profile

The aims of the Faculty of Economics andCommerce at the University of Melbourne are to:

– Conduct and disseminate research ofinternational standing in the disciplines ofaccounting, actuarial studies, economics,econometrics, finance, human resourcemanagement, business information systems,international business, management andmarketing

– Provide the highest quality of teaching and training to students drawn from theuppermost cohort in Australia and overseas

– Develop close and mutually beneficialrelationships with business, government, the not-for-profit sector and the professions,both nationally and internationally.

Teaching and research is undertaken by four Departments: Accounting and BusinessInformation Systems, Economics, Finance andManagement. The Centre for Actuarial Studies is located in the Department of Economics. The Department of Management includesmarketing and international business. TheMelbourne Institute of Applied Economic and Social Research is also located within theFaculty. Close collaboration exists betweendepartments in both teaching and research.

Some 7,000 students are enrolled in the variousdegrees and diplomas offered by the Faculty.Approximately 5,700 students, representing one infive undergraduates in the University, are enrolledin the Bachelor of Commerce degree, either as asingle degree, or more commonly in combinationwith another degree such as Arts, InformationSystems, Engineering, Law or Science. Ninehundred students are enrolled in postgraduatediplomas and degrees, including 119 in the PhD.

The Faculty teaches subjects to around 4,300equivalent full-time students. Of this load, 46 per cent are Australian students paying under Commonwealth Supported Places; 43 per cent are international students and 11 per cent are full fee-paying Australian students.

There are 120 full-time staff at the rank of lecturerand above employed in the Faculty.

The Faculty prides itself on itsinternational reputation which is fosteredby staff and student interchanges withoverseas universities.

Staff publish in the leading international journalsand contribute to applied research and policy within Australia.

The Faculty has been ranked in the top 1% ofinstitutions researching in the field of Economicsand Business by the ISI’s Essential ScienceIndicators world listing (based on 10 years of data). Seven staff have been honoured throughelection as Fellows of the Academy of SocialSciences in Australia.

The Faculty is housed in a modern buildingcomplex with state of the art facilities for both staff and students. A Teaching and Learning Unithas been established to foster developments inmultimedia and new teaching methodologies.

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In all of the major areas of Faculty activity includingresearch, community engagement, teaching, andquality infrastructure, the Faculty made significantprogress in 2004.

Key achievements for the Faculty included:

– The appointment of two Nobel Laureates to the Faculty, Professor Sir Clive Granger, the 2003 Nobel Laureate in Economic Science andProfessor Sir James Mirrlees, Nobel Laureate inEconomic Science in 1996 will join the Faculty in 2005

– Increase in the number of equivalent full timestudent load by 4% to 4728 up from 4528 in2003. The ratings of student satisfaction andcourse experience improved during the sameperiod

– Graduate outcomes for undergraduate andgraduate students of the Faculty were wellabove the national average, with Bachelor ofCommerce graduates earning up to $5,000 moreper year than graduates from similar courses

– Additional Faculty resources were committed to building relationships with rural, under-represented, interstate schools and indigenouscommunities in Australia. Activities focused on communicating opportunities and buildingrelationships with careers advisors, students,parents, principals and the media in regionalVictoria

– More research was undertaken in 2004 thanever before. The Faculty of Economics andCommerce is one of world’s leading centres of teaching and research in core areas ofaccounting and business information systems,actuarial studies, economics, finance,management and marketing. The Faculty played a key role in achieving a world ranking of #12 in the World Social Science UniversityRankings published by the Times HigherEducation Supplement in February 2005

– The University Council approved a new 11 storey Economics and Commerce building to be located at 198 Berkeley Street. The newbuilding will include lecture theatres, teachinglaboratories, general access student laboratories,student services and facilities and staffaccommodation. The building is expected to be complete for occupation in 2008

– An additional 143 computers for undergraduatestudents will be available from March 2005 in Bouverie Street. Two additional teachinglaboratories and an honours research laboratorywere also established for undergraduateteaching. Additional teaching facilities werecommissioned in the Alan Gilbert Building for postgraduate students.

2004 Faculty Highlights > 07


Academic Programs >Undergraduate

A major change to the Undergraduate program in2004 was the introduction of the widely-publicisedHigher Education Reforms by the CommonwealthGovernment. The University’s response to thereforms included the following policies:

– A 25 per cent increase in tuition fees for the majority of courses

– At least 20 per cent (1000 places) of theUniversity’s government-supportedundergraduate intake to enter through ‘Access Melbourne’, a program designed to address the academic, social and financialbarriers faced by many students who apply to the University of Melbourne

– Two hundred Access Melbourne students to receive ‘Melbourne Access Scholarships’which include Commonwealth Supported Places (CSP) and an allowance of $2000 per annum for up to four years

– Honours-level study encouraged with the provision of 100 Melbourne HonoursScholarships, also for a HECS-exempt place and a cash benefit of $2000

– A guarantee to Australian fee-paying students,who meet specified academic standards, that they may transfer to a CSP place in their later years

– Opportunities for students who seek toundertake combined degrees, who satisfyspecific and relevant entry criteria, to enrol in one degree as a CSP and one as an Australian-fee place.

These Reforms had significant impact on theFaculty’s internal and external communication and marketing strategies. Audiences included in the Faculty’s communication and consultationprocess included internal staff, current students,prospective students, parents and career advisors.The Faculty’s individual response to the reformsincluded increased visits to Victorian schoolsidentified as having high numbers of potentialAccess Melbourne students and on-campusevents aimed at providing a value-addedexperience and access to academic staff, careeradvice, current students and recent graduates.

The clearly-in entrance score required for theBachelor of Commerce degree was 94.7representing the top five per cent of students in the State with comparable levels for interstateand international students. Standards of entry forcombined degrees were even more competitive.

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09

The total number of students enrolled in theBachelor of Commerce, either as a single degreeor as a combined degree, was 5923 up from 5484the previous year. This represents some 23 percent of total undergraduate enrolments in theUniversity. Over 1000 students graduated with a Bachelor of Commerce and a further 140graduated Bachelor of Commerce (Honours).

Faculty outreach to the school communitycontinued to increase with rural outreach, VCELecture Series, Master Classes, school visits and on campus activities being offered. The VCELecture Series was provided to final year highschool students studying Economics, Accountingand Business Management. In 2004, 1127 highachieving year 10 students representing 182schools participated in the Master Classes. Over6000 students visited Faculty staff and facilitiesduring Discovery Day in August.

The guest speaker at the annual prize-givingceremony was Mr Paul Murray from N.M.Rothschild & Sons Australia. The Faculty employergroups continue to generously support studentswith sponsorship of prizes and scholarships.

The Faculty’s seven student societies were againvery active with events ranging from employerinformation sessions to the International CommerceStudent Society festival of nations event.

Results of the 2003 Graduate Destination Surveywere released in 2004, showing Faculty graduatescontinue to perform well with very highemployment rates and salaries.

Mean starting salary $40,349

National Average $35,000

Employment 84% private sector12% government sector4% other sector

The five leading industries employing graduates in full-time work were Accounting services (20% of Bachelor graduates), Banks (14%),Finance/Insurance services (10%), Mining/Manufacturing (10%) and Government (9%).

The following undergraduate courses are offered by the Faculty of Economics and Commerce:Bachelor of CommerceBachelor of Commerce (Management)Bachelor of Commerce (Honours)

The Bachelor of Commerce (BCom) is a three yearfull-time program. The honours degree requires afurther one year of full-time study. The Bachelor of Commerce aims at developing powers of criticalanalysis that can be applied in many fields, andprovides professional training for a wide variety of professions. Students studying the BCom canstructure their program of study in any of thefollowing areas:AccountingActuarial StudiesBusiness Analysis and SystemsBusiness Information SystemsBusiness Law e-CommerceEconometricsEconomicsEconomics and Environmental StudiesFinanceHuman Resource ManagementInternational CommerceInternational ManagementMarketing and EconomicsMarketing ManagementOperations ManagementOrganisation Studies

The honours program allows students to furtherdevelop the specialisation they have undertaken as part of the pass degree.

The Bachelor of Commerce and Bachelor ofCommerce (Management) are also offered as acombined degree with each of the following:Bachelor of AgricultureBachelor of Agricultural ScienceBachelor of ArtsBachelor of Arts (Media and Communications)Bachelor of EngineeringBachelor of Engineering (Information Technology)Bachelor of Forest ScienceBachelor of ForestryBachelor of Information SystemsBachelor of LawsBachelor of MusicBachelor of Property and ConstructionBachelor of Science

Each combined course is a five year full-timeprogram after which students graduate with two degrees.


Postgraduate Programs

Postgraduate student numbers continue toincrease, total enrolments in masters bycoursework and graduate diploma programsincreased to 940 up from 796 students in 2003,which translated to 657 equivalent full-timestudents. Enrolments in the Master of Businessand Information Technology, Master of AppliedCommerce (Marketing) and Master of AppliedCommerce (Accounting) contributed most to the increase.

The Master of Business and InformationTechnology offered students an internship program through global recruitment firm, Hudson. Students who participated in this program gained experience in key roles such a project management, business analysis andsystem documentation. An MBIT Student Groupwas formed in 2004 to expand the network of associates and friends, have fun socially, integrate culturally diverse MBIT course members, establish international alumni networks and provide support for new students.

Numbers of students enrolled in the PhD remainedstable with total enrolments reaching 119.

The Whitlam Bequest funded outstandingpostgraduate scholars from 13 countries.

The University of Melbourne Graduate DestinationsSurvey 2003 found that the mean salary forpostgraduates from the Faculty of Economics and Commerce was $73,687 and the mean age was 30.5 years.

The following postgraduate programs are

offered by the Faculty of Economics and

Commerce:

Graduate Diploma in Actuarial StudiesGraduate Diploma in Employee Relations and

Human Resource ManagementGraduate Diploma in Management StudiesPostgraduate Certificate in Business ForensicsPostgraduate Diploma in EconomicsPostgraduate Diploma in FinanceMaster of AccountingMaster of International BusinessMaster of Human Resource ManagementMaster of Applied FinanceMaster of Financial ManagementMaster of Business and Information TechnologyMaster of Applied CommerceMaster of Applied Commerce (Accounting)Master of Applied Commerce (Business Analysis

and Systems)Master of Applied Commerce (Human Resource

Management)Master of Applied Commerce (International)Master of Applied Commerce (Marketing)Master of Applied Commerce (Operations

Management)Master of Applied Commerce (Organisational

Change)Master of Electronic CommerceMaster of Commerce in Employment Relations

and Human Resource ManagementMaster of Commerce (coursework)Master of Commerce (by thesis)Doctor of Philosophy (PhD)PhD with Coursework (Accounting and Business

Information Systems)PhD with Coursework (Economics)PhD with Coursework (Finance)

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The Faculty continued to perform outstandingly inattracting research income, research publicationsand in PhD completions during 2004. Six new ARC Discovery Project Grants were awarded with a combined total income of $931,214 over the period of 2005 – 2008. In addition, two newARC Linkage Project Grants were awarded to staffwithin the Faculty. A total of 22 doctorate theseswere completed and awarded to higher degree by research students. The latest Group of Eightresearch performance benchmarking analysisshows that the Faculty has retained its top rank in the three key measures – total researchincome, publications and research higher degreecompletions.

Of significant note was the successfulproposal by Professor Peter Bardsley in obtaining $1.5 million over the next five years under the ARC ResearchNetworks Scheme.

Professor Bardsley’s project titled EconomicDesign Network: Practical Policy Tools for Industry,Infrastructure, Services and the Environment, is apartnership of more than one hundred researchersand over forty international universities andresearch centres. The Network will support crossdisciplinary research and policy innovation usingstate of the art techniques in economic theory and experimental economics.

It will create practical policy tools that can be used to solve complex social and economicproblems in industry economics, health economicsand environmental policy. By linking Australian midand early career researchers into multidisciplinaryteams based around the world’s top experimentaleconomics laboratories, it will create a world classeconomic design capacity in Australia.

The Melbourne Institute of Applied Economic and Social Research continues to produce a widerange of contract research. For example, AssociateProfessor Bruce Headey and Professor MarkWooden head a major research project surveyingAustralian households as part of the Household,Income and Labour Dynamics in Australia (orHILDA) Survey. HILDA is funded by the AustralianGovernment but managed by the MelbourneInstitute and involves a random sample of 8000households living in private dwellings. Theeconomic progress and well-being of members of these households is being tracked over timethrough a combination of face-to-face interviewsand written questionnaires.

Research and Research Training > 11


12

The Faculty hosted a number of internationalvisiting scholars under the International StaffDevelopment Scheme; Dr Haigang Wang from theDepartment of Economics, Lingnan College, SunYat-sen University in Guangzhou, People’s Republicof China; Dr Scott Tiffin, Director for Research andInternational Relations, Universidad Adolfo Ibanez,Santiago, Chile and Professor Alfonso Martinez,Pontificia Universidad La Catolica, Buenos Aires,Argentina. A memorandum of understanding wassigned with Adolfo Ibanez University in Chile tofacilitate staff and student exchanges and researchcollaboration. Students and staff are now able tocollaborate with over 100 institutions worldwide.

The Faculty has established an international reputation as a preferred place for undergraduate and postgraduate study.

In 2004 academic and administrative staff made 40 visits overseas to promote the degree programsoffered by the Faculty and keep in touch withalumni. Countries visited included China, Singapore,Malaysia, Indonesia and Thailand. In addition visitswere made to the Gulf States, Europe, LatinAmerica and the USA.

The Faculty is focusing on building relationshipswith overseas employers and sponsored careerand employer events in Shanghai, Singapore, Hong Kong and Kuala Lumpur. In addition, theFaculty hosted alumni events in Los Angeles,California and Washington DC, USA.

Research collaboration with overseas researcherscontinues to grow in importance. Each departmenthas an active seminar series featuring internationalresearchers. The Associate Dean (International), DrBill Harley, participated in a high profile visit to India.

Exchange and study abroad are growing inimportance, and additional scholarships were madeavailable for Melbourne students to participate inexchange programs. Visits to partner institutions in Europe and the USA were made by staff andstudents alike. The Faculty sponsored research into decision making factors for students wantingto study overseas and the outcomes of the projectwere presented at the Australian InternationalEducation Conference held in Sydney in October.

Internationalisation >


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Study Abroad and Exchange

Opportunities

The Faculty welcomed over 70 students fromstudy abroad and exchange partners in 2004 andscholarships were made available for studentsfrom Melbourne to study at partner institutionsoverseas. University graduates who have spenttime studying abroad gain a competitive edge inany job market, but more importantly report thatthe experience broadens their cultural awarenessand maturity.

Staff also participated in exchange, Ms BrookeYoung was hosted by the International Office at the University of Nottingham for 3 months in 2004. Senior staff of the Faculty visited exchangepartners including the universities of Nottingham,Birmingham, Uppsala, Rotterdam School ofManagement.

The USC Marshall School of Business, WashingtonUniversity Olin School of Business and NYU SternSchool of Business were visited in partial fulfilmentof a University Mobility in the Asia Pacific (UMAP)grant. The funding agency UMAP was founded in1993 and is a voluntary association of governmentand non-government representatives of the highereducation sector in the region. UMAP aims toachieve enhanced international understandingthrough increased mobility of university studentsand staff. The grant also helped to supportscholarships for Melbourne students on exchange to Olin School of Business in 2004.

The Faculty of Economics and Commerce currentlyhas exchange programs with the institutions listedon page 14. Students from these institutions are invited to apply to study within the Faculty.Opportunities exist for current students of theFaculty to study at these institutions also. Studentsof institutions not listed below are invited to applyfor the Study Abroad program within the Faculty.Applications for exchange or study abroadprograms should be made through the Universityof Melbourne’s International Admissions Office.


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Austria

University of Vienna

Canada

McGill University Queen’s University University of British Columbia University of Toronto

Chile

Pontificia Catholic UniversityAdolfo Ibanez University

China (People’s Republic of)

Fudan UniversityNanjing UniversityPeking University Tsinghaua UniversityUniversity of Hong KongUniversity of Science andTechnology of China

France

Bordeaux I University, Sciences,TechnologiesBordeaux II – Victor SegalenUniversityBordeaux III – Michel deMontaigne UniversityBordeaux IV – MontesquieuUniversityLyon II – Lumiere UniversityLyon III – Jean Moulin UniversityParis VII – Denis DiderotUniversity

Germany

Albert Ludwigs University of Freiburg Free University of Berlin Humboldt UniversityUniversity of Heidelberg

India

Indian Institute of Science

Indonesia

University of IndonesiaGadjah Mada University

Ireland

University College, Dublin

Italy

University of Commerce ‘LuigiBocconi’University of Padua/ Padova

Japan

Doshisha UniversityHitotsubashi UniversityKeio UniversityKobe UniversityKyoto University Ritsumeikan University Sophia UniversityTokyo Institute of Technology

Korea

Korea Advanced Institute ofScience and TechnologyPohang University of Science and TechnologySeoul National University

Lithuania

Vilnius University

Malaysia

University of Malaya

Mexico

Monterrey Institute ofTechnology & Higher Education(ITESM)

The Netherlands

Erasmus University ofRotterdam, School ofManagementLeiden UniversityUniversity of Amsterdam

New Zealand

University of Auckland

Norway

Norwegian School of Economicsand Business AdministrationUniversity of Oslo

Singapore

Nanyang Technological UniversityNational University of Singapore

Sweden

Lund University Umeå University Uppsala University

Taiwan

National University of Taiwan National Tsing Hua University

Thailand

Chulalongkorn UniversityPrince of Songkla UniversityThammasat University

United Kingdom

Heriot-Watt UniversityUniversity of BirminghamUniversity of EdinburghUniversity of GlasgowUniversity of Nottingham

United States of America

Boston College Georgetown UniversityNew York University (SternBusiness School)University of California – Berkeley – Davis – Irvine – Los Angeles – Riverside– San Diego – Santa Barbara – Santa Cruz University of Illinois, Urbana-Champaign University of Southern California(Marshall School of Business)University of Texas at AustinUniversity of VirginiaUniversity of Washington Washington University in StLouis (Olin School of Business)

Partner institutions for exchange programs:


Professor Garry Marchant left the Faculty inOctober to take up a position as Dean, Faculty of Business at Bond University in Queensland.Professor Marchant provided exceptional service to the Faculty as Deputy Dean and Head of theDepartment of Accounting and BusinessInformation Systems.

Ms Patricia Russell retired after serving asDepartment Manager in the Accounting andBusiness Information Systems for 9 years.

David Merrett was promoted to Professor in the Department of Management.

Dr Anne-Wil Harzing was promoted to AssociateProfessor in the Department of Management.

Dr Olan Henry was promoted to AssociateProfessor in the Department of Economics

Dr Michael Shields was promoted to AssociateProfessor and Reader in the Department ofEconomics

Business Managers were appointed as follows: Mr Jason Kreitner, Department of Finance, Ms Sherryl Anderson, Department of Accountingand Business Information Systems, Ms Wendy

Short, Department of Management and Ms Rachel Derham, Melbourne Institute ofApplied Economic and Social Research.

Mr Eddie Choong and Ms Rocio Karibian joinedthe Marketing and Development Unit to developFaculty international relations and marketingactivities in India, the Gulf and Latin America.

15Staffing >


Scotiabank Case Competition held at the RichardIvey School of Business, University of WesternOntario in March 2004. The Faculty of Economicsand Commerce team, Felicity Chan, Christopher

Kong, Kath Cugley and Camilla Davey led byAssociate Professor Greg Whitwell won thecompetition. The competition included teams from all over the world.

Felicia Eng, a third-year Commerce/Sciencestudent at the University of Melbourne, was one ofthree young Australians to be awarded an inauguralOrder of Australia Association Foundation Bursary.

Professor Stewart Leech was awarded theArtificial Intelligence/Emerging TechnologiesOutstanding Educator award for his pioneeringwork and inspirational leadership in the teaching of artificial intelligence in accounting.

A paper by Professor Danny Samson andAssociate Professor Mile Terziovski, TheRelationship Between Total Quality ManagementPractices and Operational Performance, was in the Top 10 most requested papers in the Journal of Operations Management over the period 2000-2004.

Associate Professor Neville Norman wasappointed President of the Economics Society of Australia for a three year period.

The 2004 Norman Curry Award for projects or services that demonstrate innovation andexcellence in support of University teaching andlearning was awarded to Associate Professor

Carol Johnston.

Dr Lea Waters was awarded the Edward BrownAward for excellence in teaching and also receivedthe Pearson Education ANZAM ManagementEducator of the Year in 2004. This awardrecognises an academic who has excelled in the teaching of management and has developedinnovative approaches to teaching in the field.

Dean’s Award for Excellence in Teaching: Dr Leisa Sargent, Department of Management,Dr John Handley, Department of Finance, Dr Jenny Williams, Department of Economics.

Ms Brooke Young, Manager of the Faculty’sMarketing and Development Unit was awarded a Universitas 21 Staff Exchange, undertaken in the International Office at the University ofNottingham.

The Faculty’s Information Technology Manager, Dr David Aldridge was awarded a Universitas 21 Global MBA Scholarship.

Mr Stephen Collis, Manager (ProfessionalPrograms) and Dr David Walker, ExecutiveOfficer (Research), were recognised for their 25 years of service to the University.

16 Distinctions and Awards >


Business and Community >

Conferences and Workshops

The Melbourne Institute runs quarterly forums inMelbourne and Canberra – the Melbourne InstituteBusiness Economics Forum and the MelbourneInstitute Public Economics Forum.

The 22nd Australian Economic Theory Workshop,Melbourne, 12-13 February 2004.

Joint Centre for Macroeconomics and Centre forApplied Macroeconomics, ANU conference entitledInaugural Conference on MacroeconometricModels and Methods, held 3 December 2004.

Microeconometrics Workshop, University ofMelbourne, 29 October 2004.

The Department of Accounting and BusinessInformation Systems hosted a two day symposiumon market-based accounting research, 20-21 May 2004. The symposium provided a forum for leading international academics and Australian PhD students to discuss their research on the role of accounting information in security valuation.

Annual Public Lectures

The Max Corden lecture was delivered by Dr Martin Ravallion, Senior Advisor and ResearchManager at the World Bank. Dr Ravallion spoke on How the World’s Poor are Faring in the Current Era of Globalisation, held 4 March.

The 17th Downing Lecture was presented byNobel Prize winning political economist, Sir JamesMirrlees, What taxes are best?, held 20 April.

Associate Professor Neville Norman, Departmentof Economics gave the first in a five-lecture series celebrating the 250th anniversary of theRoyal Society for the Encouragement of Arts,Manufactures and Commerce foundation in Britain.The lecture Encouraging Enterprise: a Recipe forReinvigorating Entrepreneurship, held 8 June. The other lectures in this series were delivered as follows:

Ms Sylvia Walton, Principal Tintern Schools,Developing a Capable Population, held 14September.

Dr Rhonda Galbally, CEO Our Community,Fostering Resilient Communities, held 12 October.

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Faculty members contribute to professional and public debate through a range of conferences, lectures, short courses and in the print media. In turn, representatives of the business community,government and non-profit bodies provide a major input into the activities of the Faculty throughmembership of advisory boards, and participation in conferences and seminars. Some of the Faculty’s activities in 2004 are listed below:


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The Dean’s Lecture was delivered by ProfessorBarry Nalebuff, Milton Steinbach Professor ofEconomics and Management at Yale School of Management. Professor Nalebuff spoke on Why not? How to use everyday ingenuity to solve problems big and small, held 18 June.

Professor Shannon Anderson, Rice University and a Principal Fellow at the University ofMelbourne delivered the 65th annual CPA Australia Research Lecture on the topic ResearchUpdate on Performance Measurement andManagement, held 4 October 2004.

ACTU President Sharan Burrow delivered the 19th Foenander Lecture, Two Australias: The place of industrial relations in shaping a decentnation, held 6 October.

Professor Alan Taylor, University of California-Davis, delivered the Seventh Finch Lecture on the topic The Mystery of Global Capital, held 9 November.

Inaugural Lectures

Professor Colin Ferguson, The Pervasiveness of Information and Communication Technology: Its Effects on Business Processes and BusinessModels, held 30 September.

Print Media

Members of the Faculty are regularly featuredtelevision and radio guests and participate in public debate through contribution to newspapers,journals and business magazines. An on-line expertguide is available at http://www.research.unimelb.edu.au/mediacontact.

A media analysis published by the University’sMedia and Publications Services Unit found thatthe Faculty received 196 mentions in the media,including print, radio and television. The highestnumber of mentions concerned the MelbourneInstitute of Applied Economics and SocialResearch. The most frequently quotedspokespersons were Professors Bruce Heady,Neville Norman, John Freebairn, Jeff Borland and Peter Dawkins. The benefits of undertakingcommerce studies were well covered. Forexample, one article reported that the Big Fouraccounting firms prefer to employ graduates from Melbourne. Another noted that Asia’sbooming finance industry had made the Master of Applied Finance a sought-after qualification.

Department of Economics staff are featured in the weekly ‘Economic Briefing’ section of theAustralian Finance Review. The articles providebackground on key economic and policy issues for students and business readers.


Table 1 – Numbers of Students Enrolled in Faculty Courses (as at 31 March 2004)

Course International Students Total Enrolments

BCom 1581 2621BCom (Hons)* 26 158BCom/BA 54 780BCom/LLB 142 711BCom/BIS 101 544BCom/BEng 125 538 BCom/BEng (IT) 41 133BCom/BSc 25 349BCom/BPC 13 61BCom/AgrSc 0 19BCom/Agr 0 7BCom/ForSc 0 2

Total Undergraduate 2108 5923

Diploma 13 57Masters (Coursework) 418 883Masters (Research) 2 15PhD 41 119

Total Postgraduate 474 1074

Total 2582 6997

* Includes combined degree students enrolled in BCom (Hons) with their other degree. Combined degree students taking honours in other faculties are included in the relevant combined degree figures.

19Statistical Tables >


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Table 2 – Teaching Load by Nature of Enrolment (full-time equivalent as at 31 March 2004)

Australian International AustralianLevel subsidised fee-paying fee-paying Total

Bachelors (Pass) 1739 1631 317 3687

Bachelors (Honours) 91 26 3 120

Diploma – 9 23 33

Masters (C’work) 22 346 256 624

Masters (Research) 7 1 – 8

PhD 56 39 – 95

Total 1915 2053 599 4567

Components may not add to totals owing to rounding

Table 3 – Teaching Load by Department (full-time equivalent as at 31 March 2004)

Higher Higher Student-Degrees Degrees Staff

Department Undergraduate Diplomas (C’wk) (Research) Total Ratio

Accounting&BIS 955 2 159 7 1123 30.5

Finance 795 8 133 11 947 37.6

Economics 1326 11 85 40 1462 27.7

Management 721 11 246 42 1020 22.9

Total 3807 33 624 103 4567 27.2

Notes:Components may not add to totals owing to roundingData relate to enrolments in a subject irrespective of courseTotals include 4 Higher Degree Research in MIAESRUndergraduate total includes 11’Faculty general’

Table 4 – Teaching Load,1992-2004 (full-time equivalent as at March 31)

Year OTHD HD Total

2004(August) 3917 831 47472004 3840 727 45672003 3793 571 43642002 3570 419 39892001 3264 331 35952000 3073 266 34391999 3147 256 34031998 2864 220 30841997 2621 174 27951996 2330 152 24821995 2124 103 22271994 2022 79 21011993 1737 72 18091992 1602 59 1661

Notes:HD denotes Higher DegreeOTHD denotes “other than higher degree”Business Law excluded


21Table 6 – Teaching and Research Staff by Category (full-time and fractional full-time as at 31 March 2004)

Category Number

Professor 27.2

Assoc.Prof /Reader 25.6

Senior Lecturer 33.1

Lecturer 39.8

Other 8.1

Total 133.8

Table 5 – Number of Academic and General Staff by Department (equivalent full-time as at 31 March 2004)

Teaching & Research Research only General StaffDepartment Full-time Casual Full-time Casual Full-time Casual

Accounting & BIS 31.0 5.8 0 0.1 9.1 3.3

Economics 40.1 12.6 0.2 0.3 13.8 1.1

Finance 19.1 6.1 0 1.2 5.8 2.4

Management 34.6 9.6 2.1 0.1 12.0 3.4

MIAESR 4.0 0 19.5 0.6 7.1 1.4

Faculty General 5.0 0.2 0 0.1 45.9 3.5

Total 133.8 34.2 21.7 2.2 93.7 14.9

Notes:Full-time includes fractional full-timeColumns may not sum to totals owing to rounding

Table 7 – 2004 Annual Report Financial Data

Faculty of Economics and Commerce

Revenue 2003 2004

DEST operating grant 8,849,856 9,175,310

Student fee income 23,605,651 28,152,145

Research income 8,443,252 9,406,372

Other 3,736,616 2,580,863

44,635,375 49,314,690

Expenditure

Salaries 25,580,454 30,542,528

Non-salary 12,477,361 15,212,597

Capital 3,413,468 1,000,000

41,471,283 46,755,125

Surplus of income over expenditure 3,164,092 2,559,565

* Includes provision for a new E&C facility in 2008


Research Grants Awarded for 2004

Professor Peter Bardsley in Economics wassuccessful in an award from a relatively newresearch program – ARC Research NetworkProgram – $1.5M over the next four years.

The Economic Design Network is a partnership of more than one hundred researchers and overforty international universities and research centres.The Network will support cross disciplinaryresearch and policy innovation using state of theart techniques in economic theory and experimentaleconomics. It will create practical policy tools thatcan be used to solve complex social and economicproblems in industry economics, health economicsand environmental policy. By linking Australian midand early career researchers into multidisciplinaryteams based around the world’s top experimentaleconomics laboratories, it will create a world classeconomic design capacity in Australia.

Australian Research Council –Discovery-Project Scheme

Harm-minimisation policies and the economics of controlling elicit drug useProfessor P Bardsley, Associate Professor H R Clarke (*La Trobe University)

Health and intergenerational poverty in adeveloping countryAssociate Professor LA Cameron, Dr J Williams

An improved framework for analysing the fiscalimplication of population ageingProfessor J Creedy, Professor R S Guest (*Griffith University)

Systematic corruption and regime change: State,business and political elites in Indonesia andimplications for governance reformAssociate Professor H Dick

Analysis of drug consumption in Australian usingnew microeconometric techniques for unit recordProfessor W E Griffiths, Dr MN Harris (*MonashUniversity), Dr X Zhao (Monash University)

Babel in business: How language differencesinfluence management in multinationalsAssociate Professor A Harzing

Modelling the transmission of internationalmonetary policy shocks: Implications for AustraliaProfessor VL Martin

Business profitability and long term industrialchange in Twentieth-Century AustraliaProfessor D Merrett, Professor S Ville (*University of Wollongong)

Economics of incomplete markets and pricing in equilibrium Dr RN Raimondo

Policy-related lessons from the econometricanalysis of life satisfaction data in AustraliaAssociate Professor M Shields, Dr P Frijters(*Australian National University)

A principled approach to computer simulation of dynamic general equilibrium macroeconomicmodelsDr J Stachurski

22 Research Grants >


Australian Research Council –

Linkage Grants

Cycles and size: Long term valuation andinvestment performanceProfessor P Kofman, Dr H W Chan (*MonashUniversity), Professor R W Faff (MonashUniversity) Partner Organisation: Acorn Capital Ltd.

Idea sources for product innovation in Australianfrontier technology: The case of the Australian IT industryAssociate Professor B Lukas, Associate ProfessorGJ Whitwell, Professor R WidingPartner Organisation: Hansen Corporation

Measuring hospital performance: Outputs, qualityof care, competition and efficiencyDr J Yong, Associate Professor E Webster,Professor W E Griffiths, Professor D L Bosworth,Dr P Rosendale. Partner Organisations:Department of Human Services, Department of Treasury and Finance, Austrade

*Indicates institution administering the grant.

Melbourne Early Career Research

Grants

A longitudinal study of what predicts women’sadvancement in management Dr I Metz

Web personalisation as an eye-catching strategy: a visual search theory perspective Dr S Y Ho

Computation & existence of equilibria inincomplete markets models Dr R Raimondo

Faculty Research Grants

Department of Accounting and Business

Information Systems

The decision influencing and decision facilitatingroles of performance measurement informationAssociate Professor A Lillis, Dr J Grafton, Dr S Widener

Corporate fraud, audit committees and internalauditorsDr R Moroney, Mr P Coram, Professor C Ferguson

The effects of tiered goals, incentives andparticipation on individual worker performanceAssociate Professor A Schultz

Department of Economics

Optimal strategies in dynamic games of researchand developmentDr N Erkal

An experimental analysis of risk pooling Dr L Gangadharan

Bayesian inference for welfare comparisons of income inequality and povertyProfessor W Griffiths

Structural estimation of a new economicgeography model of world trade and factor returnsDr R Hillberry

Inferences for the extremum of quadraticregression modelsAssociate Professor J Hirschberg, AssociateProfessor J Lye

Uncomplete markets equilibriumDr Roberto Raimondo

Investigating the effect of parental alcohol abuse and household income on child healthAssociate Professor M Shields

Finding an example of an optimising agent with cyclic behaviourDr P Stemp

Department of Finance

The information content of turnover BetaDr X Chang

Investment-cash flow sensitivity and lumpyinvestmentDr X Chang, Dr Q Zheng

Executive stock option compensation and directorinterlockDr A Gygax, Dr C Tan

Survivor of behaviour agents in financial marketsDr Q Zheng

Department of Management

Collectivism and female sex workers in VictorianbrothelsDr C Cregan

The internationalisation strategies of Australian firmsAssociate Professor H Dick, Professor D Merrett, Dr A Sammartino, Dr T Zalan

Female academic in editorial boards of managementjournalsAssociate Professor A-W Harzing, Dr I Metz

Performance appraisal politics: A case ofmanagerial malevolence?Dr M Kraimer, Dr M Brown, Dr V Bratton

The psychological contract in Australianworkplaces: HR managers as ‘toxin handlers’Professor C Kulik, Dr C Cregan, Dr M Brown

How marketing capabilities improve the cash flowand viability of small and medium enterprisesAssociate Professor B Lukas, Dr L Bove

23


Supply and demand chain risk management: An Australian perspectiveDr S Moosa & Professor D Samson

Business networks, social capital and strategicinnovation in ChinaDr S Morgan

Stress and dual earner couples: Effects ofboundary integration and gender role orientationDr L Sargent

A study of recent development in the Australianautomotive industry supply chainsDr P Singh

The role of protean career attitude duringunemploymentDr L Water, Dr D Hall

An analytical framework for testing stakeholdersalienceAssociate Professor G Whitwell, Dr A Paladino

Women managers in Thailand: Facilitators andbarriers to advancementDr V Yukongdi

A stages model of the international diversificationperformance relationshipDr T Zalan

Melbourne Institute of Applied Economics

and Social Research

Improved measures and understanding ofconsumer price inflation in AustraliaDr D Harding, Dr L Song

On the equity of subsidising private healthinsurance: Profiling households using nationalhealth survey dataDr J Yong, Associate Professor E Webster

The impact of supplemental health insurance on health outcomes: Evidence in AustraliaDr A Palangkaraya, Dr J Yong

Poverty in Australia: 1982 to 2001Dr R Wilkins

PhD Theses Completed

Susan Alice Ainsworth, The discursive constructionof older worker identity.

Rayna May Brown, Efficiency, regulation andfinancial distress: mergers between AustralianCredit Unions in the 1990s.

Patrick Leslie Coleman, Risk and decision making by Australian managers.

Kristine Frances Dery, How do organisations align human resource management withinformation technology? An exploratory study of four Australian firms.

Jelena Dodic, Branding capability: A firm’sperspective on building brands.

Lise Feirud, The effect of static and dynamicsafeguarding mechanisms on relationshipbehaviours and performance outcomes.

Soo Khoon Goh, Financial openness and thecontrol of capital flows in Malaysia.

Yahya Al Jabr, Accounting conservatism: Evidence from the oil and gas industry.

Chang Han Joo, Value of portfolio theory.

Benn Lawson, Capturing the gains from innovation:Assessing the effectiveness of appropriationmechanisms.

Nuzhat Lotia, Dynamics of power and learning in collaborations.

Bruce William Hearn Mackinnon, Strategicmanagement and employee relations: CRA/RioTinto’s de-unionisation campaign 1991 – 2001.

Shoba Nair, The impact of human resourcemanagement practices on organisationalcommitment: A study of the informationtechnology industry in Australia.

Ian Patrick O’Connor, The empirical distribution of time to maturity volatility: An application tooption pricing and trading.

Janine Louise O’Flynn, Competition and contractsimplementing compulsory competitive tendering in the Victorian local government.

Piruna Polsiri, The effects of concentratedownership on firm restructurings: Evidence from Thailand.

Callum Scott, Data structure and learning infinancial markets: An artificial neural networkapproach.

Jan Marc Staelens, The impact of environmentalregulations and stakeholders on corporateenvironmental strategies and performance ofJapanese multinational enterprises in Asia-Pacific.

Sandy Suardi, Testing for a level effect in short-term interest rates.

George Tawadros, Is ASEAN also a commoncurrency area?

Civilai Terawatanavong, Relationship sentiment and relationship outcomes: The moderating role ofmarket orientation and bilateral interdependence.

Danielle Venn, Work timing arrangements inAustralia in the 1990s: Evidence from theAustralian Time Use Survey.

24


Department of Accounting and

Business Information Systems

The Department of Accounting and BusinessInformation Systems, long-established as a premiereducator in the field of accounting, offers anintegrated approach to the teaching of accountingand the newly-emerging discipline of businessinformation systems. The focus of many existingsubjects is being changed to complement theinterrelationship between the two disciplines.

With a student load of over 1000 full-timeequivalent students, the Department has asubstantial undergraduate and postgraduateprogram, teaching across all areas of managerialand financial accounting, auditing and businessinformation systems. The Department’s coreundergraduate subjects are fully accredited by theprofessional accounting bodies. Formal agreementhas been reached with a number of Universitas 21universities for the transfer of credits for subjectsin accounting. The Master of Applied Commerce(Accounting), introduced in 2003, is also fullyaccredited by the professional accounting bodies.

The Department has a strong research profile. ItsPhD program, comprising one year of courseworkand two-year full-time thesis, is one of the mostactive and respected in the region. Several of theDepartment’s 30 academic staff currently hold ARC grants and serve on the editorial board of anumber of leading international academic journals.

25>

Professor Nasser SpearHead, Department of Accounting and Business Information Systems

Departmental Profiles


Professor Jeff BorlandHead, Departmentof Economics

Professor Rob BrownHead, Department of Finance

The Department of Economics

The Department of Economics at the University of Melbourne is the leading Economics departmentin Australia. It is a large Department – with 43teaching and research staff. The Departmentincludes the Centre for Actuarial Studies.

The Department is committed to achieving the highest standards in research in economics and econometrics: by making contributions tointernational knowledge that are publishable inleading international journals, and undertakinginternational quality research on the Australianeconomy and economic policy issues. There is a strong emphasis within the Department on encouraging a good research culture andpromoting collaboration. Major areas of researchare: economic theory; econometric theory;microeconomic analysis and policy design; the Australian macro-economy; operation offinancial markets; health and well-being; Asianeconomies and the economics of internationaltrade and development; and economics education.

The Department places a high value on its teachingprogram and the quality of that program. Itsobjective is to offer excellent teaching in bothundergraduate and graduate programs, to offer a set of subjects that meet the requirements ofstudents and are up-to-date with developments in the disciplines of Economics and Econometrics,and to seek to be innovative in methods ofteaching. Teaching covers the core areas ofmicroeconomics, macroeconomics and quantitativemethods/econometrics, as well as most otherspecialist areas such as monetary economics,game theory, development economics,environmental economics, and economic history.

There is a long tradition within the Department of providing policy advice and expert opinions togovernment and private organisations. Members of the Department serve on government inquiriesand boards, and undertake work for a wide varietyof international agencies.

The Department of Finance

The Department of Finance is one of four teachingdepartments in the Faculty. The Department wasformally established in July 2001, although financesubjects had been taught at the University ofMelbourne for several years prior.

The Department has grown substantially since itsbirth, from just over 700 full-time student units in2002 to approximately 950 units in 2004. There is a strong honours program with intake restricted to around 40 students. A suite of postgraduateprograms is offered, ranging from the practitioner-oriented Master of Applied Finance and Master of Financial Management to the more specialisedMaster of Commerce in Finance and PhD withcoursework component.

During 2003 staff from the Department gave aseries of lectures for members of the AustralasianInstitute of Banking and Finance and in 2004delivered treasury training programs in associationwith a major consulting firm. In association withthe APEC Study Centre, the Department will beconducting training during 2005 for bank regulatorsand bankers from the APEC region.

Current research interests of department staff span the field of finance and include asset pricing,derivatives, corporate finance, market micro-structure, financial institutions, real estate financeand international finance. To support its researchactivities, the Department has access to a largenumber of financial databases, includingDatastream, Bloomberg and IRESS.

The Department hosts a large number ofinternational visiting academics from all over theworld. Department staff are involved in continuingeducation and executive programs and have stronglinks with practitioners and financial institutions.Finance hosted more than 20 research seminars in 2004, presented by academics from overseasand interstate as well from within Victoria.

26


The Department of Management

Programs in the Department of Managementprovide an integrated management education and develop specialised knowledge in the sub-disciplines of management. The sub-disciplineswithin the Department include human resourcemanagement, international management, marketing,organisational studies and operations management.The Bachelor of Commerce (management)provides a special opportunity for undergraduatestudents to concentrate on management studies.This and our professional masters level coursesprepare people for careers as managers.

The Department aims to develop in students, staff and other stakeholders, an understanding and capability in Leadership and Managementprocesses in a variety of different organisations and sectors. Our teaching and research is of a high standard.

The student load in the Department is about 1000 full-time equivalents, with about 750undergraduate and 250 postgraduate students.There are over 20 honours students and over 60students undertaking PhDs in a wide range ofareas reflecting the diverse theoretical traditionsand methodologies which comprise Management. Full-time academic staff currently number 46.

The Melbourne Institute of Applied

Economic and Social Research

The Melbourne Institute is a research departmentof the Faculty of Economics and Commerce at the University of Melbourne. It was established in 1962 under the leadership of Professor RonaldHenderson, as the first research institute of its kind in Australia. It has had four Directors: RonaldHenderson, Peter Dixon, Richard Blandy and PeterDawkins. In its forty-two year history it has mademany major contributions to economic and socialresearch on Australia and contributed strongly to economic and social policy analysis anddevelopment.

Under its current Director, Professor Peter Dawkins,its annual income has increased from just over$1m in 1996 to a budget of $9m in 2004.

It now has a staff of about 35 as well as 15 AdjunctFellows. It operates in three research areas:Labour Economics and Social PolicyApplied MacroeconomicsApplied Microeconomics including:

– Industrial Economics– Economics of Health– Economics of Education

As well as contributing strongly to the academicliterature, the Melbourne Institute continues toexpand and enhance its long-standing tradition ofworking closely with government, business andcommunity groups. Major on-going clients andsponsors include The Commonwealth Departmentto Family and Community Services, Department of Employment and Workplace Relations, TheReserve Bank of Australia, Westpac, ING, TDSecurities and IP Australia (through the IntellectualProperty Research Institute of Australia – a joint Institute of the Faculty of Economics andCommerce, the Faculty of Law and the Melbournebusiness School). In addition the Institute conductsspecific research projects for a range of clients from Commonwealth and State Governments and the private sector.

The Melbourne Institute is the home of one ofAustralia’s leading academic journals in Economics,the Australian Economic Review, which has astrong policy focus and is of widespread interestbeyond the academic community as well as insideacademia. It also publishes the Mercer-MelbourneInstitute Quarterly Bulletin of Economic Trends,a quarterly journal focusing on the Australianeconomy, and aimed at broad audiences. Itpublishes regular economic indicator reports suchas the Westpac-Melbourne Institute Indexes ofEconomic Activity and the Westpac-MelbourneInstitute Consumer Sentiment Index.

The Institute is also the home of Australia’s major household longitudinal survey of HouseholdIncome and Labour Dynamics (HILDA), which isled by the Institute’s Deputy Director, ProfessorMark Wooden, under a contract with theCommonwealth Department of Family andCommunity Services.

27

Professor David MerrettHead, Department of Management

Professor Peter DawkinsHead, MelbourneInstitute of AppliedEconomic and SocialResearch


28

The Centre for Actuarial Studies

The Centre offers students a professionallyaccredited actuarial program and is designated as a Centre of Excellence by the Institute ofActuaries of Australia.

The Centre for Actuarial Studies is located in theDepartment of Economics within the Faculty ofEconomics and Commerce. The Director of theCentre is Professor David Dickson.

Graduates who obtain marks above prescribedlevels in certain subjects can receive exemptionsfrom the Institute of Actuaries of Australia and/orthe Institute/Faculty of Actuaries (UK). The Centrealso offers distance education.

Staff within the Centre are active researchers withactuarial interests ranging from the more theoreticalto the practical. Staff interests necessarily span thefull spectrum of expertise required for professionalaccreditation, but the Centre is internationallyknown for its research in the areas of ruin theoryand financial mathematics.

The Centre’s research is highly recognised on the international scene and adds strongly to thereputation of the Centre. The international links of the Centre are also evident with regular visitsfrom leading academics and a number of studentsinvolved in exchange programs.

The Centre maintains strong links with the actuarialprofession and related areas within Australia. Theselinks are highlighted by the presence of high profileactuaries on the Centre’s Advisory Board and theUniversity of Melbourne Actuarial Foundation.

The Asian Economics Centre

The Asian Economics Centre is located within theDepartment of Economics and serves as a forumfor bringing together those with an interest inresearch on Asian economies and economicdevelopment issues.

The Centre’s objectives are:

– To initiate and develop research into Asianeconomies and Australia-Asia economic relations,and build collaborative links and partnerships with Australian and international research groupsengaged in similar research

– To foster and promote informed discussion on the economics of Asian countries withinacademia, business and industry, thegovernment sector and the wider public

– To encourage and provide advice on the teachingof subjects related to economics of Asiancountries at the undergraduate, graduate andcontinuing education levels.

The Director of the Centre is Associate ProfessorSisira Jayasuriya.

Centres in the Faculty >


29

The Economic Theory Centre

The key objectives of the Centre are to facilitateinternational affiliations and international researchlinkages, including for research training, and to be a focus for external research funding ineconomic theory.

The Director of the Centre is Professor PeterBardsley. The Centre has a distinguishedinternational Advisory Board.

The Centre for Microeconometrics

Located within the Department of Economics, the Centre for Microeconometrics is a focal pointfor research in microeconometrics. Its members,staff and PhD students drawn from the Departmentand the Melbourne Institute of Applied Economicand Social Research, are concerned with thedevelopment, evaluation and application ofmicroeconometric methods. Branches ofeconomics currently researched by the Centre include consumer expenditure analysis,environmental economics, labour economics,health economics, transport economics,measurement of inequality and poverty, andmeasurement of productivity and efficiency.Methodological research includes panel datamethods and discrete choice modelling andestimation.

The Centre hosts national and international visitors, holds regular workshops to discuss work in progress, and holds occasionalconferences involving other researchers fromwithin and outside Australia, including groups from industry and government departments.

The Director of the Centre is Professor BillGriffiths.

The Centre for Macroeconomics

The Centre for Macroeconomics is a joint centre ofthe Department of Economics and the MelbourneInstitute of Applied Economic and Social Research.The main objective of the Centre is to fosterresearch, research training, and teaching inmacroeconomics at the University of Melbourne.

The Centre seeks to:

– Facilitate international affiliations andinternational research linkages

– Facilitate the training of research students

– Be a focus for external research funding

– Organise conferences and workshops

– Encourage research-based policy advice.

The Director of the Centre is Associate ProfessorNilss Olekahns

The Australian Centre for

International Business

The Australian Centre for International Businessbegan in 1998 as a collaborative venture betweenthe University of Melbourne and the University ofNew South Wales. From 2003 the management of the Centre reverted to the University ofMelbourne. The mission of the Centre is toconduct leading edge research in internationalbusiness, educate future international businessleaders and consult with business andgovernment.

The Centre is eclectic in its interdisciplinary areas,studying the international aspects of strategy and management, human resource management,industrial relations, corporate history, accounting,finance, information systems, organisationalbehaviour and marketing. Members of theAustralian Centre for International Business havepublished over 20 books and 200 research papers,conference proceedings, chapters in books andconsulting reports spanning all fields ofinternational business research.

Centre for Global Innovation

Management

(Incorporating the Euro-Australian

Cooperation Centre and the Australian

CRC for Interaction Design)

The Centre for Global Innovation Management is located in the Department of Management. The Centre is concerned with research on global innovation management and sustainabledevelopment. The Director of the Centre is Associate Professor Milé Terziovski.

The Centre has an Advisory Board drawn fromindustry and has strong links with Australiangovernment departments and the private sector.The Centre carries out research funded by theAustralian Research Council (ARC) and theDepartment of Education Science and Training(DEST), and undertakes contract and joint projectresearch with collaborators through the EuropeanUnion research framework programme. The Centrehas been successful in becoming a core partner inthe Australian CRC for Interaction Design (ACID).


Foundation for Sustainable

Economic DevelopmentThe Operations Management area also hosts the Foundation for Sustainable EconomicDevelopment. The Foundation was established in 2000 with a mission to create and disseminateresearch to increase the awareness andeffectiveness of management practices that deliver better organisational performance and less wasteful products and processes.

The Foundation has produced a number ofresearch papers and commissioned reports. The Foundation published The Collaborative Games in 2001. In this book, author Tony Webbanalysed the organisation of the Sydney Olympics,uncovering the collaboration and frameworkswhich ensured this massive project was a success.

A significant new project has been on corporatesustainable development, funded by the AustralianBusiness Foundation. This report will be releasedin March 2005

The Centre for Human Resource

Management

The Centre researches Human ResourceManagement and Employment Relations in theAsia-Pacific region, North America and Europe. In line with its international outlook, the Centreencourages collaborative research projects withleading overseas universities and arranges researchof international scholars in the fields of humanresource management and employment relations.The Centre also works with Australian businessesand government institutions on both collaborativeand consultative projects and facilitates researchopportunities with the professions, employers,trade unions and governments (includinggovernment departments). Research findings are disseminated through academic publications,working papers, seminars and conferences.

The International Centre for

Research in Organizational

Discourse, Strategy and Change

The International Centre for Research inOrganizational Discourse, Strategy and Changewas launched in 2001 with the aim of establishingitself as a world leader in organizational discourse.The Centre is located in the Department ofManagement and headed in Melbourne byProfessor Cynthia Hardy. From the original fourinstitutional partners – the University of Melbourne,the University of Sydney (Department of Work and Organizational Studies), McGill University(Centre for Strategy Studies in Organizations) and King’s College, University of London (TheManagement Centre), the Centre has grown toinclude the Judge Institute at the University ofCambridge, Leicester University and the Universityof Lund and Texas A & M University.

The Centre’s objectives are:

– To establish a leading group of world classscholars in organizational discourse in order tofacilitate research on organizational discourse,strategy and change

– To encourage collaborative research projectsamong leading universities in the field oforganizational discourse

– To disseminate research findings on discourseanalysis and its applications through academicpublications, seminars and conferences

– To facilitate research and teaching interchangesamong scholars who work in this area

– To increase opportunities for researchersinterested in discourse analysis to interactthrough specific initiatives, such as workshops,conferences, etc

– To facilitate collaborative links regarding research and postgraduate training in the field of organizational discourse.

Intellectual Property Research

Institute of Australia

The Intellectual Property Research Institute ofAustralia is a collaborative centre of the Faculty of Law, the Faculty of Economics and Commerce,and the Melbourne Business School. It has corefunding from IP Australia.

The Director of the Institute is Professor AndrewChristie, Faculty of Law and the Associate Directorfrom the Faculty of Economics and Commerce isDr Elizabeth Webster.

30


Business

Ms Elizabeth Alexander, Partner, Price Waterhouse

Mr Philip Brass, Chairman, Rothschild Australia

Mr Tony Burgess, Head, Corporate Finance,Deutsche Bank AG

Mr Terence Campbell, Executive Chairman, JB Were & Son

Mr Ross Cameron, Director, AMCOR

Mr Mark Chiba, CEO, UBS-Warburg, Japan

Ms Penny Chong, Program Manager, MarketingOperations, IBM, Malaysia

Mr Dick Chan Teik Huat, Managing Director,Metroplex Berhad, Malaysia

Mr Esmond Choo, Executive Director, RHB-CathaySecurities, Singapore

Mr Bill Conn, Company Director

Mr Laurie Cox AO, Director, Macquarie Bank

Mr David Crawford, Company Director

Ms Gloria Ewe Gim Goh, Partner, Arthur Anderson,Malaysia

Mr Charles Goode AC, Chairman, ANZ Bank

Ms Merran Kelsall, Director, BDO Nelson Parkhill

Mr David Kingston, Executive Director, N.M.Rothschild

Mr Ananda Krishnan, Company Director, Malaysia

Mr Leon L’Huiller, Company Director

Mr Alwyn Lim, Certified Public Accountant,Singapore

Dato’ Jimmy T.C. Lim, CEO, AMCORP, Malaysia

Mr Alistair Lucas, Chairman, Investment Banking,Macquarie Bank

Mr Gary Morgan, Executive Chairman, Roy MorganResearch

Mr Hugh Morgan AC, President, Business Councilof Australia

Khun Nukul Prachaubmoh, Chairman, First AsiaSecurities, Thailand

Mr James Riady, Deputy Chairman, LIPPO,Indonesia

Ms Nicola Scott, Manager, Financial Accounting,ANZ

Mr Irving Rockman, Chairman, Regency Hotels

Mr Irving Saulwick, Managing Partner, IrvingSaulwick and Associates

Mr Peter Scanlon, Company Director

Mr Asgari Stephens, Company Director, Malaysia

Ms Tan Lei Cheng, CEO, Tan & Tan DevelopmentsBerhad, Malaysia

Mr Chris Thomas, Managing Partner Melbourne,Egon Zehnder

Mr Brian Watson, CEO, Georgica Associates

Mr Eu Ming Yeow, Minolta Marketing, Malaysia

Mr Peter Yates, CEO, PBL

Graduates of the Faculty > 31

Graduates of the Faculty over the last 79 years have been leaders in business, public policyand academia. Below is a list of current prominent alumni.


Public Service

Mr John Brumby, Minister for Finance, Minister for State and Regional Development, and Ministerfor Innovation, Victorian Government

Mr Michael Carmody, Australian Commissioner of Taxation

Senator Rod Kemp, Minister for the Arts and Sport,Australian Government

Ms Jenny Macklin, Deputy Leader of the FederalLabor Party and Shadow Minister for Employment,Education and Training

Dato’ Mustapa Mohamed, Executive Director,National Economic Action Council of Malaysia

Professor Susan Richardson, President, Academyof Social Sciences in Australia

Dr Garry Sampson, Senior Advisor, World TradeOrganisation, Geneva

Professor Judith Sloan, Commissioner, ProductivityCommission

Khun Mechai Viravaidya, Chairman, Population andCommunity Development Association, Thailand

Mr Ian Watson, Deputy President, AustralianIndustrial Relations Commission

Dr Lynne Williams, Deputy Secretary, VictorianDepartment of Innovation, Industry and RegionalDevelopment

Professor Ross Williams, Commonwealth GrantsCommission

Higher Education

Professor Max Corden AC, University ofMelbourne

Mr Robert Champion de Crespigny AC, Chancellor,University of Adelaide

Professor Jane Godfrey, Head, Department ofAccounting and Finance, Monash University

Professor Robert Gregory AO, Head, Division ofEconomics and Politics, RSSS, Australian NationalUniversity

Professor Geoff Harcourt AO, CambridgeUniversity

Professor Keith Houghton, Dean, Faculty ofEconomics and Commerce, ANU

Professor Joe Isaac AO, Department ofManagement, University of Melbourne

Professor Carrick Martin, Deputy Vice-Chancellor,Macquarie University

Professor Fred McDougall, Executive Dean, Faculty of the Professions, University of Adelaide

Professor Bill Norton, Director, Centre for Money,Banking and Finance, Macquarie University

Professor Stuart Leech, Department of Accounting,University of Melbourne

Professor Terry Shevlin, Professor of Accounting,University of Washington

Professor Rae Weston, Professor of Management,Macquarie University

Professor David Vines, Department of Economics,Oxford University

Hon. David White, Council, University ofMelbourne

32


The purpose of the University of MelbourneCommerce Alumni Society (UMCAS) is to operateas a means for former Commerce students to keepin contact with each other, with the Faculty, andwith the wider university community. UMCAScommittee members are elected to office for up to three years, and work closely with the Faculty to develop these associations through mailouts,programs and events that are open to allCommerce alumni. A number of events were held over the last twelve months, and furtherfunctions are planned this year.

A number of extremely successful events wereheld in Melbourne during 2004:

– Speech given to alumni by Mary Wooldridge,CEO of the Foundation for Young Australians.Mary spoke about combining personal andcommunity objectives with career success. The event was sponsored by KPMG

– Dinner with guest speaker Hugh Morgan,president of the Business Council of Australiaand former CEO of Western Mining Corporation,held in the University’s new Law School building

– Reunion lunch in University House for alumni that graduated 45 years ago or more

– Barbecue for final year Commerce students,introducing the alumni society to students about to leave the University

– Speech given by the State Treasurer, JohnBrumby, to alumni and final year students on the vision for Victoria’s future. The event wassponsored by Deloitte.

Information on developments in the Faculty and news of alumni events are included in thenewsletter Alumni News which is mailed by theFaculty twice a year to all Commerce graduateswho have elected to receive it.

UMCAS also provides a $2000 scholarship eachyear to a final year Commerce student through the generous donations of alumni. Congratulationsare given to Daniel Snyder, the 2004 scholarshiprecipient.

If you would like to make a donation for thescholarship, find out more about UMCAS, or would like to contribute to or receive the AlumniNews, please contact:

Susan McPharlin, Executive Officer (Development)Faculty of Economics and CommerceUniversity of Melbourne, Victoria, Australia, 3010Tel : +61 3 8344 2167 or [email protected]

Various functions for alumni, friends and final yearstudents are held throughout the year. Detailsappear on the www.ecom.unimelb.edu.au/business/alumni.html web site, and in the Alumni News. Look out for upcoming events in 2005.

Steven ZigomanisPresident UMCAS

Commerce Alumni Society Report 2004 >

Pictured above from left to right: Frank Ford and Jan West,Deloitte, Professor Margaret Abernethy, The Hon JohnBrumby MP, State Treasurer, Steven Zigomanis and JohnMeehan.

33


Dean and Associate Deans

Dean

Professor Margaret Abernethy

Deputy Dean

Professor Garry Marchant (until September 2004)

Professor IanMcDonald (fromOctober 2004)

Associate Dean

(Graduate Studies)

Professor Robert Widing (until June 2004)

Associate Professor Greg Whitwell(from July 2004)

Associate Dean (International)

Professor Nasser Spear(until June 2004)

Associate ProfessorBill Harley (from July2004)

Associate Dean (Research)

Professor Guay Lim

Associate Dean

(Undergraduate Studies)

Associate Professor ChristineBrown

Department of Accounting

and Business Information

Systems

Head of Department and

Professor of Accounting

MARCHANT, GARRY: BComUNSW, AM, PhD MichResearch Interests: Managementcontrol systems, strategic costmanagement, performancemeasurement, strategyimplementation, organisationallearning and management decision making.

G.L. Wood Professor of

Accounting

SPEAR, NASSER: BEc (Acct) Syria,MS (Acct), PhD NTexas, FCPA,CMAResearch Interests: Capitalmarkets-based research,international financial reporting,contracting research, initial publicofferings, security valuation,accounting for extractiveindustries.

Professor of Accounting and


FERGUSON, COLIN: BBus Swin,DipEd SCV, MEc NE,GradDipComp Deakin, ACA, FCPA, AAIM, MACSResearch Interests: Businessinformation systems, businessforensics, economics of auditingand auditor behaviour.

Professor of Accounting and


LEECH, STEWART: BCom, MEcTas, FCA, FCPA, MACS, PCPResearch Interests: Accountinginformation systems, decisionmaking in corporate recovery,intelligent decision aids, enterpriseresource planning systems.

Associate Professors

COLLIER, PHILIP: BSc (Hons) Hull, MSc EssexResearch Interests: Intelligentdecision support, case-basedlearning, assimilation of informationsystems, corporate recovery,automative industry.

People in the Faculty >34


DAVERN, MICHAEL: BCom (Hons)Tas, PhD MinnesotaResearch Interests: Informationvaluation and use, decisiontechnologies, revenue yieldmanagement, behaviour ininformation environments.

LILLIS, ANNE: MCom, PhDResearch Interests: Performancemanagement in complex settingsincluding health care networks and flexible manufacturing firms,performance impact of corporatedownsizing.

SCHULZ, AXEL: BCom (Hons), MCom, PhD UNSWResearch Interests: Managementaccounting, behaviouralaccounting.

Senior Lecturers

COBBIN, PHILLIP: BBus RMIT,MCom (Hons), BEd, MEd, DipEd SCVResearch Interests: Market for audit services, history ofaccounting and audit, accountingeducation history.

CORAM, PAUL: BEc(Acc) Flin,GradDipEd Adel, MAcc WAust, CAResearch Interests: Audit quality,behavioural research in assuranceand financial accounting,accounting education.

DILNUTT, ROD: BA, DipEdLaTrobe, PGradDip (CompSci)Monash, MBA Deakin, DBASouthern Cross

PINNUCK, MATTHEW: BCom(Hons), PhD Research Interests: Financialaccounting, behaviour of fundmanagers.

POTTER, BRAD: BCom (Hons), PhD Deakin, CPAResearch Interests: Contractingresearch, accounting for publicsector entities, internationalfinancial reporting, thedevelopment of financial reporting regulation.

SMITH, DAVID: BCom (Hons)LaTrobe, PhD MonashResearch Interests: Managementaccounting, behaviouralaccounting.

WISE, TREVOR: MCom Auck,PhD, CPA ACA NZ, CMA NZResearch Interests: Accountingtheory, financial accounting.

Lecturers

GRAFTON, JENNIFER: BCom(Hons), PhDResearch Interests: Managementcontrol system design and use inthe not-for- profit sector, the designand control of interorganisationalnetworks, performance manage-ment and research methods.

HALL, MATTHEW: BAcct (Hons),GradCertHighEd MonashResearch Interests: Behaviouraleffects of performancemeasurement, professionalcommitment of accountants,approaches to learning ofaccounting students.

HO, SUSANNA: BEng Hong Kong,MPhil (CS) Hong Kong, PhD (IS),HKUSTResearch Interests: Technologyadoption, electronic commerce and personalisation technology.

HRONSKY, JANE: BBus, MCom(Hons), PGDipBus CurtinResearch Interests: Auditjudgement, communication issuesin financial and audit reporting.

LEE, MICHAEL: BEc (Hons),MCom (Hons) Monash,GradDipAppFin&Invest SIA, FSIAResearch Interests: Enterpriseresource planning systems,performance management design,business case evaluations, projectmanagement implementation.

LEE, RICHARD: BEc Monash, DipEd SCVResearch Interests: Financialreporting, accounting policy choice, executive compensation,accounting education.

PARKES, ALISON: BComWollongong, MBS (Hons) MasseyResearch Interests: Decisionsupport, reliance measurement.

TAYLOR, SARAH: BCom (Hons)SydResearch Interests: IPOs, voluntary disclosure, analysts’forecasts, audit quality and non-audit services.

THOMSON, GENEVIEVE: BA, BBus Bendigo, MBA Deakin, PhD, CPAResearch Interests: Strategy and design of management control systems, performancemeasurement in knowledgecreation firms.

WILKIN, CARLA: BCom (Hons), PhD Deakin, MACS, MACMResearch Interests: Stakeholderperceptions re: IS effectiveness,measuring benefits in e-Commerce, systemdevelopment methodologies.

Teaching Scholars

BOYS, NOEL: BBus RMIT,GradDipEd HawInst, GradDipEd

LINGGO LIONG, JOANA: BCom

Senior Tutors

DOWLING, CARLIN: BCom (Hons)TasResearch Interests: The effect of organisational factors ondecision-aid use; the impact of information technologies onorganisational and individualbehaviour, accounting education.

STAMATELATOS, ANNA: BSc,DipEd, BEc, BBusAcc (Hons)Monash, CMA, CPAResearch Interests: Managementaccounting, financial accounting -capital markets, accountingeducation.

Tutor

LEAHY, ALISON: BComResearch Interests: ManagementAccounting, Strategy andPerformance Measurement,Managerial Decision Making

Professors Emeritus

NICOL, ROBERT: BEc Syd, MBA,PhD California, FCPA

WRIGHT, KENNETH: BMetE,DCom, FASA, FASSA, FAIM

Professorial Fellows

EASTON, PETEr: BAgSc, BEcAdel, DTTech Torrens, DFinMgmt New England, PhD CaliforniaResearch Interests: Financialstatement analysis and equitysecurity valuation and theestimation of the expected rate of return on equity investments.

FRANCIS, JERE: BSc Drake, MScMinnesota, PhD, DEcon NewEnglandResearch Interests: Economics of auditing, the effect of auditingon the quality of financial reporting,corporate governance, internationalaccounting.

35


36

SUTTON, STEVE: BSA, MA, PhDMissouriResearch Interests: Accountinginformation systems andassurance, impact of KBS onindividual decision making and on user knowledge acquisition/learning, IS assurance, businessrisk in B2B e-Commercerelationships, risk analysis in supply chains.

Principal Fellows

ARNOLD, VICKY: BA, MBA, PhDArkansasResearch Interests: Individualdecision making; accountinginformation systems; use ofdecision aids; expert systems and KBS on decision making;assurance services.

ANDERSON, SHANNON: BSE (Civil Engin) Princeton, PhD BusEco HarvardResearch Interests:

BURROWS, GEOFFREY: MCom,DipEd, FCPA

Senior Fellows

ALFREDSON, KEITH: BCom Qld

BOUWENS, JAN: MFin, PhDTilburgResearch Interests: Performancemeasurement systems.

Fellows

LESLIE, STEWART: BCom, FCA

Administrative Staff

ANDERSON,SHERRYL (fromSeptember 2004):MBA Deakin,MCom DeakinPosition:DepartmentManager

BERNARDE, RENATA: BComPosition: Research AdministrativeOfficer

CROSER, REBECCA: BDes SouthAust, GradDipArtsPosition: Administrative Assistant

KOVACEVIC, NATASHA: BBusRMITPosition: Budget & ResourcesOfficer

MCNAMARA, KERRYPosition: Administrative Assistant

PEDLEY, SARAH: BA (Hons),DipItal (Teaching) PerugiaPosition: Administrative Officer

RUSSELL, PATRICIA: BA, Di EdPosition: Department Manager (toSeptember 2004)

VASSILEV, SPASSIMIR: BScBulgaria, GradDipCompSci VUTPosition: Systems Support Officer

WONG, BILLY: BInfoTech,MinfoSys CQUPosition: Systems Support Officer

Department of Finance


Professor of Finance

BROWN, ROB: MEc Syd, FCPA, FAIBFResearch Interests: Interest rate swaps, management andregulation of financialintermediaries.

Deputy Head of Department

and Professor of Finance

KOFMAN, PAUL: MEc, PhDErasmusResearch Interests: Price discovery in regulated financialmarkets; Extreme value analysisand financial applications;Insurance rate making.

Commonwealth Bank Group


DAVIS, KEVIN: BEc (Hons) Flin,MEc ANU, FAIBF, FFTPResearch Interests: Financialinstitutions management; Treasury management; Financialengineering; Corporate financialpolicy; Financial markets.


WHEATLEY, SIMON: MA (Hons)Aberdeen, MA SFraser, PhDRochesterResearch Interests: Investments;International finance.


BROWN, CHRISTINE: MSc, DipEd, PhDResearch Interests: Pricing ofderivative securities and theefficiency of the markets in which they trade; Valuation of real options; Modelling credit risk;Financial institutions management;Capital budgeting; Pricinginnovations in financial markets;Share buybacks; Bank regulationand implementation of Basel 2.

SAWYER, KIM: BSc UWA, MEc,PhD ANUResearch Interests: Finance theory, quantitative finance.

SCHWANN, GREG: BA (Hons)Queens, MA (Ec), PhD UBCResearch Interests: Real RealEstate Finance; Real EstateEconomics; Real Estate BackedDerivatives.

Senior Lecturers

HANDLEY, JOHN: BCom, BMathNewc, MCom (Hons), PhD, ASIAResearch Interests: Corporatefinance; security design; cost of capital; corporate valuation.

LAMBA, ASJEET: BA (Hons) Delhi,MBA Mich, PhD Wash, CFAResearch Interests: Liquidity and efficiency of equity markets;Linkages among equity markets;Valuation implications of corporateevents.

OTCHERE, ISAAC: BScAdminGhana, MA, MMS Carleton, ICA Ghana, PhD TasResearch Interests: Corporatepayout policies; Mergers andacquisitions; Privatisation and initialpublic offerings; Index compositionchanges.

PINDER, SEAN:BCom (Hons)Monash, PhDNewc, AAIBF(Snr)ResearchInterests: Issuesrelating to the

valuation of derivative securitiesand the analysis of corporatefinancial decision-making.

Lecturers

BROWN, RAYNA: BA Macq,MCom (Hons), PhD, AAIBF (Snr)Research Interests: Managementof financial intermediaries;Regulation; Measurement ofefficiency.

BUCHANAN, BONNIE: BSc (Hons)UNSW, MAppSc RMIT, PhDGeorgiaResearch Interests: CorporateGovernance; Financial Fraud; Law and Economics.

CHANG, XIN: BA Tsinghua, MPhilPBOC, PhD HKUSTResearch Interests: Corporatefinance, investment.


37COLEMAN, LES: BEng (Hons),BSc (Econ – Hons) London, MEcSyd, PhD, CFTP (Snr)Research Interests: Risk strategy;behavioural finance; wageringmarkets; expertise; appliedcorporate finance; agricultural and resources finance; corporatecrises; and practical applications of academic research.

GYGAX, ANDRE: lic oec HSG St. Gallen, MSc, MBA Colorado,PhDResearch Interests: Industrialorganisation, entrepreneurialfinance, decision analysis.

HUI, SANDRA: BCom ANU, MFin RMIT, CPAResearch Interests: Credit riskmodelling and valuation; Interestrate modelling and financialmathematics.

MAHESWARAN, KRISHNAN: BEc (Hons) LaTrobe, MCom (Hons)Research Interests: Asset pricingand consumption, term structureof interest rates.

O’CONNOR, IAN: BBus Chisholm,MBus RMIT, PhD, CPA, AAIBF (Snr)Research lnterests: Bankefficiency; Derivative securities;Volatility forecasting.

SCOTT, CALLUM: BSc (Hons)Edin, BA Open, GradDipEdDundee, GradDipCInfSc, MSc VUT,PhD, AFPA AcademicResearch Interests: The applicationof artificial neural networks inmodelling financial markets.

ZENG, QI: BS SJTU, MS AcademiaSinica, MS UIC, PhD Penn Research Interests: Asset pricing.

Tutors

HAQUE, TARIQ: BSc, BCom (Hons)Research Interests: Investments;Corporate finance.

PANCHAL, KUNAL: BCom (Hons) Research Interests: Mergers andacquisitions.

Senior Fellows

COCKS, GRAHAM: MEc Syd,MStat Flor, MSc Brad

INGWERSEN, MICHAEL: BEcMonash, MBA

Fellow

ROBINSON, DAVID: BAdmin(Ec)(Hons) Griffith

ERREY, ROBERT: BBus SAIT, GradDip Stats Canberra CAE, MBAUWA, MComResearch Interests: Financialaspects of marketing management.

Visiting Academics

BONSER-NEAL, CATHERINE: BA Indiana, PhD ChicResearch Interests: Internationalfinance.

KESTER, GEORGE: BBA WakeForest, MBA UNC, DBA DardenResearch Interests: Managerialfinance.

NANDHA, MOHAN SINGH: MComResearch Interests: Initial publicofferings; emerging markets, ex-dividend price behaviour; financialmathematics and financial timeseries.

NEAL, ROBERT: BGS Mich, PhD ChicResearch Interests: RiskManagement, derivatives,investment management, market microstructure.

STAPLETON, RICHARD: BA (Hons)Shef, BMath Open, PhD ShefResearch Interests: Interest ratemodels and the pricing of interestrate derivatives, portfolio theorygiven background risk, optionpricing theory and techniques.

SUBRAHMANYAM, MARTI: BoTIIT, PGDBA IIM, PhD MITResearch Interests: Corporatefinance, market microstructure,derivatives.


BARBEROGLOU, SILVIAPosition: Academic Liaison Officer

CAREY, ROBIN: BSc (Econ), MA(Econ) CalifPosition: Executive Assistant &Financial Services Officer

DALVEAN, JO: BAppSc MonashPosition: IT Manager

DIXON, HELENPosition: Student Services Officer


38KREITNER, JASON: BA NMSU,MPA, JD USDPosition: Department Manager(November –)

MOIR, WENDY: BAppSc (InfoTech)(Hons) CSturtPosition: IT Support and WebDeveloper

MURRAY, ANNMAREE: BAppSci(PhysEd) VUTPosition: Academic Liaison Officer

SARKIES, ALLISON: BEc MonashPosition: Department Manager(January – September)

VELLA, JULIEANNE: Position: Administrative Assistant

Department of Economics


Professor of Economics

BORLAND, JEFF: MA, PhD Yale,FASSAResearch interest: Operation of labour markets in Australia,theories of labour markets activity,economics of sport.

Professors of Economics

BARDSLEY, PETER: BSc (Hons)ANU, PhD DurhResearch Interests: Economictheory, mathematical economics,game theory, information andstrategic behaviour, organisationaldesign and theory of the firm,theoretical finance.

FREEBAIRN, JOHN: MAgrEconNE, PhD Davis, FASSAResearch Interests: Taxationreform, labour economics,especially employment,infrastructure pricing andinvestment.

KING, STEPHEN: BEc (Hons) ANU, MEc Monash, AM, PhD HarvResearch Interests; Regulation andcompetition policy, privatisation,industrial organisation,microeconomic theory.

McDONALD, IAN: BA (Hons) Leic,MA Warw, PhD SFraser, FASSAResearch Interests:Macroeconomics, laboureconomics.

TOURKY, RABEE: BEc (Hons), PhD QldResearch Interests: Economictheory, general equilibrium theory,economic behaviour underuncertainty.

Truby Williams Professor

of Economics

CREEDY, JOHN: BSc Brist, BPhil Oxford, FASSAResearch Interests: Incomedistribution, public economics,labour economics, history ofeconomic analysis.

Professors of Econometrics

GRIFFITHS, WILLIAM: BAgEc(Hons) UNE, PhD Illinois, FASSAResearch Interests: Markov chainmonte carlo techniques, imposinginequality constraints in systems of equations, finite sampleinference for nonlinear functions ofparameters, and model selection.

MARTIN, VANCE: BEc (Hons),MEc, PhD MonashResearch Interests: Econometrics,time series analysis, monetaryeconomics, macroeconomics.

Readers/Associate Professors

CAMERON, LISA: BCom (Hons),MCom (Hons), PhD Prin Research Interests: Developmenteconomics, Asian economics,applied econometrics,experimental economics.

DIXON, ROBERT: BEc (Hons)Monash, PhD KentResearch Interests:Macroeconomics, industrialeconomics, Marxian economics,regional economics.

HIRSCHBERG, JOSEPH: MA Calif,PhD, SCalifResearch Interests: Electricitydemand/rates, labourdiscrimination, demand analysis,cluster analysis.

JAYASURIYA, SISIRA: BEc (Hons)Ceylon, MEc, PhD ANUResearch Interests:Macroeconomics, agriculturaleconomics, developmenteconomics, international trade and capital, and internationalpolitical economy.

LIM, GUAY: MEc Adel, PhD ANUResearch Interests: Modelling the behaviour of exchange rates,risk and volatility, estimating option pricing models, financialeconometrics, internationalmonetary economics.


39

LYE, JEANETTE: MA, PhD CantResearch Interests: Non normaldistributions, applications ofmultimodality, modelling ofexchange rates, theory andapplication of non linear models,general applied econometrics.

MacLAREN, DONALD: BSc(Agr)(Hons) Aberd, MS, PhD CornellResearch Interests: Agriculturaltrade policy, agriculture and theWorld Trade Organisation, the I-O structure of internationalcommodity markets.

MAGEE, GARY: BA Monash, BEc(Hons) LaTrobe, D Phil OxfordResearch Interests: Economichistory, industrial economics, the determinants and nature ofentrepreneurship and innovation,economics of technologicalchange, international economics.

NORMAN, NEVILLE: BCom (Hons)MA, PhD Camb Research Interests: Industrialpricing as influenced by tariffs,exchange rates and world pricemovements; health economics;trade practices economic issuesand the economics of e-commerce.

OLEKALNS,NILSS: BEc (Hons)Adel, MEc ANU,MA WOnt, PhD LaTrobeResearch Interests:Macroeconomics,

applied econometrics.

Senior Lecturers

AMITI, MARY: BEc (Hons) LaTrobe,MSc LSE, PhD LSEResearch Interests: Internationaltrade – theory and empirical, neweconomic geography – trade policyand industrial location.

DE FONTENAY, CATHERINE: BA(Hons) McGill, PhD StanfordResearch Interests: DevelopmentEconomics, Industrial Organisation,Theoretical and EmpiricalBargaining Theory.

FARRELL, LISA: PhD KeeleResearch Interests:Microeconometrics, lotteries and gambling, child expenditurepatterns, risk and uncertainty.

GANGADHARAN, LATA: BA HinduCollege, MA Delhi School of Eco,PhD SCalifResearch Interests: Environmentaleconomics, experimentaleconomics, applied econometrics,applied microeconomics.

HARDING, DON: MEc ANU, PhDYaleResearch Interests:Macroeconomics.

HARRIS, DAVID: MEc JamesCook, PhD MonashResearch Interests: Time seriesanalysis.

HENRY, OLAN: BA (Hons) Dub,MA, PhD ReadingResearch Interests: Econometricmodelling and forecasting of assetmarket volatility, term structuremodelling, the inflation hedgingcharacteristics of property andproperty serviced in the U.K..

HILLBERRY, RUSSELL: BSMinnesota, PhD IndianaResearch Interests: EconomicGeography, International Trade.

SHIELDS, KALVINDER: BA (Hons),MA Reading, PhD LeicesterResearch Interests: Econometricmodelling of the dynamics ofemerging Eastern Europeanfinancial markets, survey-basedexpectations in macroeconomicmodels forecasting, sectorialdisaggregation data in appliedmacroeconomics.

SHIELDS, MICHAEL: BA (Hons)Staffordshire, MSc Health Uni of NY, PhD LeicesterResearch Interests: Economics ofimmigration, economics of labourmarket discrimination, labourmarket for medical professions.

SKEELS, CHRISTOPHER: BEc(Hons), PhD MonashResearch Interests: Econometrictheory.

SMITH, RHONDA: BCom (Hons),MA (Hons)Research Interests: Economics of trade practices, economic policytowards industry.

STEMP, PETER: BA (Hons), PhD ANUResearch Interests:Macroeconomics, monetaryeconomics, economic policyissues, financial economics.

WILLIAMS, JENNY: BEc ANU,MEc PhD RiceResearch Interests:Microeconometrics, Healtheconomics.

Lecturers and Research Staff

BASOV, SUREN: MA NewEconomic School (Moscow), Dip Eng (Physics), PhD BostonResearch Interests: Economictheory, mathematical economics,contract theory, industrialorganisation, labor economics.

CHANG, HSIAO-CHUAN: BANational Chengchi, MSc Iowa, PhD ANUResearch Interests: Trade,productivity growth and wagedispersion in general equilibrium in a small open economy.

CHOU, YUAN: AB William andMary, MA, MPhil, PhD YaleResearch Interests:Macroeconomics, developmenteconomics, labour economics.

CLARKE, ANDREW: BA MEc Syd,PhD McMasterResearch Interests: Laboureconomics, Macroeconomics,Econometrics.

EDMOND, CHRIS: BA BEc Qld,MA CPhil UCLAResearch Interests:Macroeconomics, MonetaryEconomics, Asset Pricing.

ERKAL, NISVAN: MA MacalesterCollege, MA PhD MarylandResearch Interests: Industrialorganisation, Microeconomictheory.

RAIMONDO, ROBERTO: LaureaMilan, PhD Mathematics StateUniversity of New York, PhDBerkeleyResearch Interests: Economictheory, Financial economics.

STACHURSKI, JOHN: MA Tokyo,BA PhDResearch Interests: Stochasticdynamics (stability, estimation,optimisation Development andgrowth; Statistical learning theory.

UREN, LAWRENCE: BEc (Hons)ANUResearch Interests:Macroeconomics, LabourEconomics.

Professorial Fellow

CORDEN, WARNER MAX: BEc,PhD LSE FASSA


40

GANS, JOSHUA: BEc Qld, PhDStanford

Principal Fellow

DOWLING, JOHN MALCOLM: BA MA PhD Pittsburgh

IRONMONGER, DUNCAN: MComPhD Camb

JENNINGS, VICTOR: BEng, OBE

NIEUWENHUYSEN, JOHN: MANatal, PhD London, FASSA

Senior Fellow

CHOE, HYUNCHA: BS MS Seoul,PhD Purdue

HAQUE, OHIDUL: BSc MScRajshahi, PhD Sydney

MOORE, TIM: Turning Point Drugand Alcohol Centre

WAECHTER, TREVOR: BEc (Hons)MSc Adelaide, PhD Cantab

WHEATLEY PRICE: BSc MA PhDLeicester

WILLIAMS, LYNNE: BA MA MScLSE, PhD Monash

Fellow

HARPER, MARGORIE: MA

JAFFER, SUE: BSc MA

MORRIS, GAYLE: Med GlasgowPhD

MORRIS, NICK: MA (Hons) MPhilOxford

PORTER, MICHAEL: BEc (Hons)Adelaide, PhD Stanford

SHIVELY, GERALD: BA MA BostonPhD Wisconsin-Madison

TERRILL, DANIEL: BA PhD

Professor Emeritus

LLOYD, PETER: MA Vic NZ, PhDDuke, FASSA

PERKINS, JAMES: MA, PhDCamb, MCom FASSA


BANFORD, ALISONPosition: Manager, AcademicSupport Services

DANG, BAO: BAcc, BCompMonashPosition: Manager, System Support

CAZALY, CIANNON: BAPosition: General Front OfficeSupport and Actuarial StudiesDistance Education Administrator

GOULETSAS, PERSEFONIPosition: CoordinatorAdministrative Support Services

HADDAD, LEONIE: AdvDipBusPosition: Financial and HROperational Support

KHAN, NAHID: MCom, MSocSci(Econ) University of Dhaka,BSocSci (Hon Ec) University ofDhakaPosition: Tutor Coordinator andUndergraduate Support Officer

LEONG, COLEMANN: CBE&ACERMIT, PGradDipCompSci SwinPosition: Web and System SupportOfficer

LO, VICTOR: BEng (Geomatics)UNSW, Grad Dip (IT) SwinPosition: Web DevelopmentOfficer

LOCHRAN, MARGARETPosition: Department Web PageAdministrative Support

LOMBARDO, ROSEMARYPosition: Front Office Supervisor

MACKINNON, LESLEY: RN, RMNNPC, DipSocSci (Welfare),Bachelor Health Sciences (NursingPost Registration)Position: Administrative SupportOfficer, Distance Education

MCARROLL, NATASHAPosition: Administrative Officer

MILLERICK,CHERIE: BA SydPosition:DepartmentManager

NEWELL, COLIN: BA DeakinPosition: Administrative Assistantto the Head of Department

PHILIP, PREETA: MBA SpicerPosition: Manager, AdministrativeServices

SCHERER, HEIDI: ADip BusHolmesglenPosition: Academic SupportServices

VANCUYLENBERG, ANUTHEIASANJEEVA: DipTech (Computing)Holmesglen TAFEPosition: Web & Systems SupportOfficer

Centre for Actuarial Studies

Director of the Centre

DICKSON, DAVID: BSc (Hons),PhD Heriot-Watt, FFA FIAAResearch Interests: Aggregateclaims distributions, renewal riskprocesses, recursive methods inrisk theory.

Professor of Actuarial Studies

DUFRESNE, DANIEL: BSc (Hons)Montreal, PhD The City UniLondon, FSAResearch Interests: Financialmathematics, Actuarial science and probability.

Senior Lecturer

FITZHERBERT, RICHARD: BSc(Hons) Syd, FIAA, FIA, ASIAResearch Interests: Stochasticinvestment models, investments.

Lecturers

LI, SHUANMING: BSc Tianjin MEc Renmin, PhD ConcordiaResearch Interests: Risk and ruintheory, Stochastic modelling ininsurance and finance, Actuarialscience.

LIM, HYE-SUN: BSci Seoul NU,BCom (Hons) AIAAResearch Interests: Risk theory,option pricing.

MCELLIN, EDWARD: BA, MAArizona, ASA, MAAAResearch Interests: Healthcareplan design and cost analysis,asset/liability managementtechniques, long term care costanalysis, credibility theory.

Honorary Senior Fellows

GRIBBLE, JULES: BSc (Hons),PhD St Andrews, FIAA, FCIA, FSA

HARSLETT, GRANT: BSc (Hons)Adelaide, FIA, FIAA, ASA

TRUSLOVE, ALLEN: BSc (Hons),PhD Monash, MBA Deakin, FIAA,FIA


41Department of

Management

Professor and Head of

Department

SAMSON, DANNY: BE (Chem)UNSW, PhD AGSM, UNSWResearch Interests: BusinessCompetitiveness Drivers;Operations Strategy; RiskManagement; SustainableDevelopment; E Business;Decision Making underUncertainty.

Professors

HARDY, CYNTHIA: BSc (MgtSc),PhD WarwickResearch Interests: Organisationtheory; Strategy power and politicsin organisation; Strategic change;Interorganisational collaboration;Organisational discourse theory.

KULIK, CAROL: PhD IllinoisResearch Interests: HRmanagement; Workforce diversity;fairness in organisations.

MERRETT, DAVID: BEc (Hons)MEc MonashResearch Interests:Internationalisation of Australianfirms; Evolution of ‘big business’ in Australia; Headquarter-subsidiaryrelations in multinationals;Principal-agent issues within firms.

WIDING, ROB: BA MBA PhD Ohio StateResearch Interests: Marketorientated organisations; controlsystems for market orientatedorganisations; computer assistedproduct search.

Associate Professor and Reader

BENSON, JOHN: BEc MEdMonash, MA PhDResearch Interests: HRMHRM/employment relations in Japan and China; Japanesemanagement; Trade unions;Enterprise restructuring andoutsourcing; Employeecommitment; Knowledge workers.


DICK, HOWARD: BEc (Hons)Monash, MEc PhD ANUResearch Interests: Asianbusiness, corruption andgovernance; institutionaldevelopment; global logistics;urbanisation in the Asia-pacific;Maritime history and policy;Country expertise: Indonesia;Southeast Asia, Japan.

HARLEY, WILLIAM: BA (Hons),PhD QldResearch Interests: Industrialrelations; HRM; work organisation;high performance work systems;teamwork; precariousemployment; trade unions.

HARZING, ANNE-WIL: BAHogeschool Enschede, MAMaastricht, PhD BradfordResearch Interests: HQ-subsidiaryrelations; International HRM;Cross-cultural management; Therole of language in internationalbusiness; The impact of culture on student learning styles.

LUKAS, BRYAN:MBA Nebraska,PhD MemphisResearchInterests:StrategicMarketing (brand strategy

& product innovation strategy);Brand Valuation; Marketing-FinanceInterface; International Marketing.

SEWELL, GRAHAM: BSc (Hons)PhD WalesResearch Interests: Workplacesurveillance; Teamwork; Businessethics; Recent developments inorganisation & managementtheory; Qualitative researchmethods; Evolutionary psychology;Sociology of work and organisations.

TERZIOVSKI, MILE: BE (Hons), ME (Hons) W’gong, MBA (RMIT),PhDResearch Interests: Operationmanagement; Quality manage-ment; Value of ISO 9000 and ISO14000 certification; Continuousimprovement and innovationmanagement; e-Commerce – Euro-Australian collaboration in SMEs; Organisationalperformance; International best practice; Reengineering.


42

WHITWELL,GREGORY: BEcMonash, PhDResearch Interests:Environmentaluncertainty; The

marketing/finance interface; Therole of real options thinking inmarketing strategy; Marketing’scontribution to business strategyand the role of intangiblemarketing assets; Internationalmarketing, especially exporting;Understanding customer needsthrough techniques such as ZMET;Social capital and its relevance tomarketing activities; Electronicmarketing.

Senior Lecturers

BROWN, MICHELLE: BCom(Hons) MA PhD WisconsinResearch Interests: HumanResource Management/IndustrialRelations; Pay systems –performance based pay and itsimplications for employees, unionsand organisations; Employeeparticipation and its consequences.

CREGAN, CHRISTINA: BA Leeds,DipEd Oxford, MSc PhD LSEResearch Interests: Trade unionmembership; young people in the labour market; internal labourmarkets; industrial democracy.

JOHNSTON, STEWART: BA Well,MSc Lond, PhDResearch Interests: All aspects of management in multinationalcorporations – strategy, structure,control, innovation, HQ-subsidiaryrelations; Japanese managementand Japanese business groups.

KRAIMER, MARIA: PhD IllinoisResearch Interests: ManagingExpatriate Employees, Careerissues, and the employee-Employer relationships. Teachinginterests include human resourcemanagement, compensation, and international management.

MOOSA, SHARAFALI: BSc MScMadras, PhD NUS & MadrasResearch Interests: Supply ChainManagement, Reverse Logistics,Warehousing Queues, Inventoryand Reliability

MORGAN, STEPHEN: BA Monash,MA HK, PhD ANUResearch Interests: Foreign directinvestment and internationalbusiness; Business, economic and social history of China; 19thand 20th centuries; The history of management and organisation in China in the 20th century;Anthropometric history of Chinaand Taiwan (stature, health andnutrition).

POWER, DAMIEN: BBus MBus,PhD Monash, CFPIMResearch Interests: Business tobusiness E-Commerce; Supplychain systems/ Virtual integration;Business process redesign;Operations strategy.

SARGENT, LEISA: BA, MOrgPsychQld, PhD TorontoResearch Interests: The effects of job changes on identity andcareer related outcomes; Stressand stress managementstrategies; Team interventions andteam effectiveness.

SELSKY, JOHN: BS, MSc PhDWhartonResearch Interests: Socialdynamics in and around seaports;collaborative strategy; high-velocityorganisational environments;natural-environment managementand policy; non-profit sectorstrategy..

WATERS, LEA: BA (Hons), PhDDeakinResearch Interests: Thepsychological consequences ofunemployment & retrenchment;Training and developmentprograms for unemployed people;Occupational Stress; Work-familyconflict; Mentoring.

ZALAN, TATIANA: BEd (Hons)Moscow, MBA Adelaide, PhDSouth AustraliaResearch Interests: Failure of firmsin international markets;International diversification andfirm performance; Internationalcompetitiveness of firms fromsmaller economies; Knowledgemanagement in multinational firms.

ZHU, YING: BEc Peking, PhDResearch Interests: HRM;international HRM; internationalbusiness management; economicdevelopment in Asia (China, Japan,South Korea, Taiwan and Vietnam);political economy of globalisation.


43

Lecturers

AUH, SEIGYOUNG: MBAMichigan, PhD MichiganResearch Interests: Application ofresource-based view to marketingstrategy; organisational learningand capability; top managementteam diversity and marketingstrategy; customer orientation(Customer satisfaction) and loyalty;mental accounting and consumerdecision-making; services andrelationship marketing.

BARSKY, ADAM: BA (Psychology& Sociology) Wisconsin-Madison,Masters in I/O Psychology, Tulane,PhD TulaneResearch Interests: Social Issuesin Management, Business Ethics, Workplace Fairness,Discrimination, Job related effectsand Work Stress, Personality andwell being, Research Methodologyand Statistics.

BOVE, LILIANA: BAgSc (First ClassHonours) La Trobe, BBus(Marketing) RMIT, PhD MonashResearch Interests: Servicesmarketing; Relationship marketing;Customer loyalty; Customercitizenship behaviour.

BRATTON, VIRGINIA: BAMoorhead, MA PhD FloridaResearch Interests: Impressionmanagement; Business ethics;Organisational identity and politics.

CHMIELEWSKI, DANIELLE:BA/BCom (Hons), PhD CandidateResearch Interests: Strategicmarketing; Strategic management;Timing of entry; Brand introductionstrategy; Resource-Based viewand capabilities; Strategicorientation.

DAVIES, JENNIFER: BBus Mgt(Hons), PhD Pending QldResearch Interests: Inter-organisational relationship,strategic networks, rivalry, strategicgroups, knowledge and innovation.

HANNA, VICTORIA: BEng (Hons)Sheff, PhD LboroResearch Interests: Small firm innovation, Operationsmanagement – applications in health care.

MAGUIRE, CATHERINE: BCom(Hons), PhD CandidateResearch Interests: Strategichuman resource management;high performance work systems;managing intellectual capital;strategic and operationaloutcomes, alternative workarrangements; flexible andknowledge-based work;information technology; networkedorganisations: collaborative tiesacross geographic boundaries;communication; organisationaljustice and trust; collaboration andperformance for young high-techorganisations; absenteeism andturnover.

MERLO, OMAR: BA, BCom (Hons), PhD CandidateResearch Interests: StrategicMarketing; Marketing Theory;Strategic management;Marketing’s role and influencewithin the firm; Organisationalpower and politics; E-Commerce;Others, including labour law andeconomic history.

METZ, ISABEL: BSc South Africa,MBA, PhD MonashResearch Interests: Gender,managerial advancement in maledominated versus non-maledominated industries, workplacediversity, work and family, internallabour markets, well-being andwork-related stress, organisationalculture and performance, humanresource management.

OSEGOWITSCH, THOMAS:AssocDegree Mech&AutoEngAustria, BCom (Hons) Austria,MCom PhD UWAResearch Interests: MulitinationalCorporations strategy, HQ-subsidiary relations andorganisational boundaries.

PALADINO, ANGELA: BCom(Hons), PhDResearch Interests: ResourceBased View; CapabilitiesStrategies; Market Orientation;Strategic Management; StrategicMarketing; Consumer Behaviour;Environmental Marketing.

SAMMARTINO ANDRE: BCom(Hons), PhDResearch Interests: Businessstrategy, Diversity management in a strategic context, Personneleconomics, Quantitative aspects of HRM, Internal labour markets,Australian economic history.

SINGH, PRAKASH: BE (Hons),BBus Qld, PhDResearch Interests: Strategicoperations management; Qualityimprovement methods; Supplychain analysis; Innovationmanagement; Project planning and implementation.

YUKONGDI, VIMOLWAN: BBA(Magna Cum Laude) Assumption,Thailand, MBA Pitt, PhDResearch Interests: HRM;Employee participation; Electronicbusiness and HR practices; Cross-cultural management.

Professorial Fellow

ISAAC, JOSEPH AO: Hon DEconMonash, BA BCom HonDCom,FASSA, PhD Lond Research Interests: Labour marketinstitutions; Industrial relations;Wages policy; Small business.


BISHOP, LIZA: BBus Mgt PendingRMITPosition: Executive Assistant

GOULETSAS, PERSEFONI:BBusAdmin RMITPosition: Finance and ResourcesOfficer

HEDDLE, NICOLE: AdvDip(Photography) ChchPosition: Front Office Administrator

KENTON, SUSAN: BA DipEd BEdLaTrobePosition: Postgraduate Coordinator

KREITNER, JASON: BA NewMexico State, MPA, JD SDakotaPosition: Administrative ServicesManager

LEVIN, ANNEMARIEPosition: Front Office Administrator

NOWAK, CATHERINEPosition: Front Office Administrator

NUGENT, EMILY: BA Positon: Front Office Administrator

PALMER, KIRSTI: BA, BMus Position: UndergraduateCoordinator

PHAN, VAN: BSc VUTPosition: Software Developer

SHEPHERD, ALISTAIR: BA (Hons)MAPosition: External RelationsCoordinator


44

SHORT, WENDY: AssDipApSci (Sci Lab) Swin, GradDipEdAdminHIE, MEdAdmin UNEPositon: Department Manager

TELFER, ELIZABETHPosition: Finance and ResourcesOfficer

THORNTON, TIM: BSc (Hons) MAEMBAPosition: Department Manager

TRUONG, LINH: BSc BEngSecurity Analyst, CIWPosition: System Administrator

VAN PHAM, MAGGIE: BBusCompVUTPosition: Information SystemsManager

Melbourne Institute of

Applied Economic and

Social Research

Academic Staff

Director and Ronald Henderson

Professor

DAWKINS, PETER: BSc LoughMSc(Ec) Lond PhD Lough FASSAFIPA VicResearch interests: Labour market, working time and wages,tax and welfare system, enterprisedynamics and firm performance,government policy and socialoutcomes.

Deputy Director and Director –

HILDA Survey

WOODEN, MARK: BEc (Hons) Flin, MSc LondResearch interests: Laboureconomics, industrial relations and survey methodology.

Director, Applied

Macroeconomics Research

Program

LIM, GUAY: BEc MEc PhD ANUResearch interests: Modelling the Australian economy,macroeconometrics, exchangerates.

Director, Applied

Microeconomics Research

Program and Senior Research

Fellow

WEBSTER, ELIZABETH: BEc(Hons) MEc Monash, PhD CambResearch interests: Industrialeconomics, macroeconomics,labour markets.


BOSWORTH, DEREK: BA Lanc,MSc PhD WarwResearch Interests: Economics ofinnovation and technical change,productivity and firm performance,and intellectual property.

SCOTT, ANTHONY: BA (Hons)Newcastle, MSc York, PhDAberdeenResearch Interests: Healtheconomics – the economics ofprimary care and general practice,the labour markets of health careprofessionals.

Principal Research Fellow and

Deputy Director HILDA

HEADEY, BRUCE: BA Oxford, MAWisc, PhD StrathResearch interests: Welfare anddistributional issues and socialwelfare policies in Western Europe and North America.

Senior Research Fellows

KALB, GUYONNE: MEc Erasmus,PhD MonashResearch interests: Appliedmicroeconom(etr)ics, in particular,labour and householdeconom(etr)ics; social policyissues; microsimulation modelling.

WILKINS, ROGER: BCom MComMSc Wisc, PhDResearch interests: LabourEconomics, income inequality andpoverty, microeconomics, appliedmicroeconometrics.

YONG, JONGSAY: BA BSocSc(Hons) MSocSc NUS, MA PhD Brit ColResearch interests: Healtheconomics, industrial organisation,competition policy and regulatoryeconomics, transport economics,applied game theory.

Research Fellows

BUDDELMEYER, HIELKE: MSc Vrije/Am MA PhD NYUResearch interests: Appliedmicroeconomics, labour supply,applied econometrics.

CAI, LIXIN: BEd Henan, MARenmin, MEc PhD ANUResearch interests: Laboureconomics, social policy, socialsecurity reforms in transitionaleconomies.

CHUA, MICHAEL: BEc (Hons) PhD UNEResearch interests: Bayesianinference, forecasting, appliedmacroeconomics.

FREIDIN, SIMON: BBSc (Hons)GradDipCompSc LaTrobePosition: Survey ResearchDatabase Manager and Analyst –HILDA

HARDING, GLENYS: BEc ANUResearch interests: DatabaseManager and Analyst, withparticular interests in Intellectualproperty and large enterprises.

JENSEN, PAUL: BEc Syd, PhDAGSM Research interests:Microeconomic reform, industrialorganisation, intellectual property.

LEAHY, ANNE: BComGCertClassics Research interests: Domestic and international macroeconomicdevelopments.

LIEW, WOEI TIAN: BSc MScLaTrobe, GDipEcPosition: Website Manager,Research and Computing SystemsOfficer

PALANGKARAYA, ALFONS: BScMA PhD OregonResearch interests: Industrialorganisation, health economics,econometrics.

RANASINGHE, RASIKA: BA Sri Lanka, MA PhD AmericanResearch interests: Laboureconomics, appliedmicroeconomics, returns to education, poverty.

SCUTELLA, ROSANNA: BCom(Hons)Research interests: Welfareeconomics, behavioural.microsimulation, econometrics.

SONG, LEI LEI: BA E China MScWuhan, MEc W’gong, PhDResearch interests: Appliedmacroeconomics, exchange rateeconomics, the Chinese economy

TSENG, YI-PING: BEc Taiwan, PhD ANUResearch interests Laboureconomics, appliedmicroeconometrics, economic and social Policy.


45WATSON, NICOLE: BSc UWA,GDipMgtSc CanbPosition: Survey Manager – HILDA

VAN DYKE, NINA: BA Stanford,MA PhD U CalifResearch interests: Health,education, disadvantaged and at-risk youth, public opinion.

Research Officers

BLACK, DAVID: BCom (Hons)Research interests: Laboureconomics, government policy,applied econometrics.

CHAPMAN, RIANNA: BA (Hons)MPH Position: HILDA Database SupportOfficer

SMITH, PENELOPE: BEc (Hons)UWA, MComResearch interests: Businesscycles, open economymacroeconomics, appliedeconometrics.

VU, THI HONG HA: BEcNewcastle (Hons) ANUResearch interests:Macroeconomics, appliedeconometrics, social policies and welfare economics.

WARREN, DIANA: BCom MCom (Hons) W’gongResearch interests: Innovation and economic growth.

Research Assistant

WARE, KERRYResearch interests: Inflation


Business Manager

DERHAM, RACHEL: BSc

Functions Manager

HOPE, PENELOPE: BA LaTrobe

Publications Manager

LENTINI, NELLIE: BA Monash

Finance Officer

BOWDEN, CHRIS: BA/BScMonash, MCom Deakin

Communications and Publicity

Coordinator

A’BELL, LAURA

Executive Assistant to the

Director

MCLEAN, HEIDI: BA (Hons) UTas,MCom

Administrative Assistant, HILDA

ROBERTS, SAMANTHA: BALaTrobe

Administrative Assistants

BARRON, DUANE

QIN, ROSY: BCom, DipEd

Adjunct Professors

BORLAND, JEFF: MA, PhD YaleHead, Department of Economics,The University of MelbourneResearch interests: Analysis of the operation of labour markets in Australia, applications ofmicroeconomic theory to labourmarkets, and the economics ofsport.

CREEDY, JOHN: BSc (Eco withStats) Brist, BPhil (Eco) Oxford,Truby Williams Chair of Economics,Department of Economics, The University of MelbourneResearch interests: Researchinterests include incomedistribution, public economics,labour economics, and history of economic analysis.

FREEBAIRN, JOHN: MAgEc NE,PhD Davis, FASSADepartment of Economics, The University of MelbourneResearch interests: Taxationreform, labour economics,especially employment,infrastructure pricing andinvestment, and microeconomicreform.

SAMSON, DANNY: BEc PhDUNSWDepartment of Management, The University of MelbourneResearch interests: Operationsmanagement, businesscompetitiveness, strategy and e-commerce.


CHAPMAN, BRUCE: BEc (Hons)ANU, PhD YaleProfessor of Economics andDirector of the Centre forEconomic Policy Research, RSSS,The Australian National UniversityResearch interests: laboureconomics, the economics ofeducation, applied econometrics,industrial relations and economicpolicy issues.


46

DRAGO, ROBERT: BS Tulsa, MAPhD Mass/AmProfessor of Labour Studies andWomen’s Studies, PennsylvaniaState UniversityResearch interests: economics of work and family.

DUNCAN, ALAN: BA (Hons) Manc,DPhil YorkProfessor of Microeconomics,School of Economics, University of NottinghamResearch interests: welfareprogram evaluation, analysis of work incentives, static andbehavioural tax microsimulation,econometric models of laboursupply, and labour market andwelfare program participation.

KELLEY, JONATHAN: BA Camb,PhD BerkeleyDirector, International SurveyProject, The Australian NationalUniversityResearch interests: quantitativesociology and social economics.

SCHEDVIN, BORIS: BEc PhD SydResearch interests: economichistory with particular interests in the transformation of theAustralian economy and ofAustralian economic and scientificinstitutions during the course ofthe twentieth century.

WILLIAMS, ROSS: BCom MScEcPhD Lond, FASSAResearch interests: economics ofeducation, household consumptionand saving, federal–state finance, and the allocation of time byhouseholds.

Principal Fellows

Boehm, Ernst: AUA BEc (Hons)MEc Adel, MCom, DPhil OxfordResearch interests: themeasurement and dating of thebusiness cycle, and the economichistory of Australia.

MARKS, GARY: BSc (Hons) MScPhD QldResearch interests: the youthlabour market; unemployment,earnings, pathways to full-timework; and education/early schoolleaving, achievement in literacyand numeracy, and educationalparticipation.

NIEUWENHUYSEN, JOHN: BA(Hons) MA Natal, PhD LSE, FASSAResearch interests: taxation,industrial relations, industrialregulation, economic growth,immigration, welfare and poverty.

Senior Fellows

DOIRON, DENISE: BA Monc, MA PhD UBCSenior Lecturer, University of New South WalesResearch interests: industrialrelations and bargaining theory,labour economics and labour and social policy.

ROGERS, MARK: BSc Lond, MSc Warw, PhD ANUTutor in Economics andManagement, Harris ManchesterCollege, OxfordResearch interests: economicgrowth and industrial organisationwith a particular focus being onfirm-level performance usingAustralian data.

EVANS, MARIAH: BA Reed, MA /PhD ChicagoResearch interests: Poverty,inequality, attitudes to welfare,family issues, ageing andretirement, social capital, labourmarket and work issues.

Faculty Secretariat

General Manager

DIXON, SUZANNE:BCom, DipEdHawthorn Institute,MBA VUT


ALDRIDGE, DAVID: BSc (Hons),PhDPosition: Manager InformationSystems

BANKI, JACQUELINE:DipAdvMgmt (ProfessionalWriting), BA MonashPosition: Executive Officer(Marketing)

BELFORD, DOUG: BAppSc SwinPosition: Systems Administrator

CHANG, NOOI: BA (Hons) Malaya,MEPA MonashPosition: Manager (International)

CHOONG, EDDIE: BBusStud VU,CPAPosition: Executive Officer(International Programs)

COLLIS, STEPHENPosition: Manager, ProfessionalPrograms

COX, CHANTELLE: BA RMIT, MT(Web and Internet Comp) RMITPosition: Web Developer

CUNSOLO, ANTOINETTE Position: Undergraduate Manager– to July 2004

CUNSOLO, JOANNEPosition: Course Adviser

DO, NGHIA: BElectEng RMITPosition: Computer SystemsOfficer

EDWARDS, LARISA: BBus SwinPosition: Student Adviser andSpecial Projects

ELLIS, TRACY: BA(Lit&Soc) SUTPosition: MBIT ProgramCoordinator

GEORGESZ, MARK: BEc LaTrobePosition: Executive Officer(Resources)

GILLEARD, RACHEL: BAPosition: Administrative Officer(Study Abroad)

HILL, ADRIAN: CertBasicElect,CertIVCompSys, DipCompSys,MCSEPosition: System Support Officer

JENKINS, ALISONPosition: MBIT ProgramCoordinator

JOSE, SABINAPosition: Administrative Assistant(Postgraduate Studies)

JOVANOVSKI, SOKOLAPosition: Administrative Officer(International)

KARIBIAN, ROCIO: Translating&InterpretingCert, RMITPosition: International ProgramsOfficer

KENT, ELIZABETH: BA (Hons)UNSW, PhDPosition: Transition Officer

LASCELLES, SCOTT: BBusLaTrobePosition: Enquiries Officer(Professional Programs)

LLOYD, AMANDA: BBus VUTPosition: Systems Support Officer

LOI, AILEEN: BCom, MIB NZ,Chartered Accountant (ICANZ)Position: Financial Controller


47MAJCZAK, DANIEL:DipHospMgmt, William AnglissPosition: Trainee Support Assistant

MCINNES, KYLIE: BAPosition: Enquiry Officer(Professional Programs)

MCPHARLIN, SUSAN: BA BComAdelPosition: Executive Officer(Development)

MONG, CATHERINE: BBusSingapore, GradDipSoftwareDevRMITPosition: Course Adviser

PHAM, QUYNHPosition: IT Support

RITTER, ANNEPosition: IT Support

ROBERTSON, KATEPosition: Student Adviser

RYCROFT, ANNA: BA VUPosition: Accounts ProcessingOfficer

NGUYEN, TRUMAN: BComSc,MCSE, CCNAPosition: Systems Support Officer

NGUYEN, TRUNG: BAppSc FIT,MSc VUTPosition: Laboratory Manager

PECORARO, FRANCESCA: BA(Media Studies) RMITPosition: Student Liaison Officer

SHARMA, SANJAY: MSc India, PGradDipCompSysEng RMITPosition: Web Developer

SINEL, PAULINE: DipBS (NZ),Accounting Technician (ICANZ)Position: Management Accountant

SIVATHASH, BALA: MSc UK, BEngIndia, MCSEPosition: Systems Support Officer

STIEMER, MARTINA: BAPosition: Executive Officer(Finance)

TAN, MICHAELPosition: Porter

TINWORTH, KOBYPosition: Executive Assistant to theGeneral Manager – maternity leave

VELLU, PHYLLIS: MA IndiaPosition: Executive Assistant to theDean

WALKER, DAVID: MA, PhDPosition: Executive Officer(Research)

YOUNG, BROOKE: BA LaTrobe,PGrad Dip (Art Cur St)Position: Manager (Marketing andDevelopment)

Teaching and Learning Unit

Director

JOHNSTON, CAROL: BCom MEd DEd

Staff

ANDONOV, PAUL: AssDipComp,BSc (Maths&InfoSc) VUPosition: Manager/ProgrammerWeb Development

BORG, SONIAPosition: Administrative andResearch Assistant

DAVIES, MARTIN: BA GradDipEdBA (Hons), RSA CTEFLA, PhDFlinders, PhD AdelaidePosition: Postgraduate LearningSkills Specialist

JONES, ANNA: BA (Hons) DipEd,GradDipTESOL MEd Position: ESL Specialist

MORRIS, GAYLE: BA GradDipPost Secondary Ed MEd (AdultEdu)Position: Learning/Teaching SkillsSpecialist

PESINA, JENNY: BDes (MultimediaDesign) Swin Position: Web Developer/LearningTechnologies Support Officer

SHAW, JENNIFER: DipInfoTechChisholmPosition: Administrative Assistant

WAECHTER, TREVOR: BE MScPhDPosition: Maths Specialist

Giblin Economics and

Commerce Library Staff

Giblin Librarian

WARD, SHIRLEY: BAGradDipInfoMan, RMIT

Information Librarians

WALTERS, WENDY: BA (LibInfoStudies)Position: Information Librarian

WARBURTON, JENNIFER: BEdSCV Toorak, GradDipLib RMITPosition: Information Librarian




Contact the Faculty >Mailing Address: The Faculty of Economics and Commerce

The University of Melbourne

VICTORIA 3010

AUSTRALIA

Telephone: + 61 (03) 8344 5317

Facsimile: + 61 (03) 9347 3986

Email: [email protected]

Internet: www.ecom.unimelb.edu.au

Authorised by the General ManagerPublished by the Faculty of Economics and Commerce, April 2005© The University of Melbourne


Documents

2004 Annual Report FBE