2005 Annual Report FBE

Annual Report 2005 – Outlook 2006 >Faculty of Economics and Commerce

FoE+C AR 05 final 19/4/06 4:10 PM Page a

FoE+C AR 05 final 19/4/06 4:10 PM Page b

2 Message from the Dean4 The University of Melbourne5 Faculty of Economics and Commerce7 2005 Faculty Highlights8 Academic Programs

11 Research and Research Training12 Internationalisation15 Staffing16 Distinctions and Awards18 Business and Community20 Statistical Tables23 Research Grants Awarded for 200526 Departmental Profiles29 Centres in the Faculty33 Graduates of the Faculty35 Commerce Alumni Society

Report 200536 People in the Faculty50 Contact the Faculty

Contents > 01

FoE+C AR 05 final 19/4/06 4:10 PM Page 1

>

2005 was a year of challenges and achievement for theFaculty. We were active participants in the University’sstrategic consultation process that resulted in ‘GrowingEsteem,’ a document that outlines the University’sfuture goals. ‘Growing Esteem’ reaffirms our intentionto be among the finest universities in the world. Three equal priority areas of activity were outlined –research, teaching and learning and knowledge transfer.Knowledge transfer provides a new dimension to theteaching-research nexus and it is intended that thesepriorities should form a tightly-wrapped spiral of

distinct but related activities that together define the institution’s character.www.unimelb.edu.au/vc/consultation/strategy.html

The past year also provided an opportunity to reflect on the nature of Australian universities today and as the new Vice-Chancellor, Professor Glyn Davis observed:

‘The University remains public-spirited, but is now a large, complex organisation set precariously between the worlds of regulated public responsibility and market-drivenprivate income. It balances a traditional mission of teaching and research with newexpectations to meet economic, professional and community priorities.’Glyn Davis, Growing Esteem, November 2005

02

Given our history of pioneering business educationin Australia, we are confident in our ability tocontinue to make significant contributions toresearch, teaching and learning and knowledgetransfer. We are currently reviewing the curriculumof the Bachelor of Commerce to ensure that weprovide the highest quality education for studentswishing to pursue a career in industry andgovernment. The Bachelor of Commerce willcontinue to meet accreditation requirements for

the professional bodies. At the same time we are fully embracing the move to graduate schooleducation for those with generalist undergraduatedegrees. The demand from students with non-commerce backgrounds to undertakepostgraduate professional degrees continues toincrease as does the demand for postgraduatespecialist degrees in finance, marketing,economics, human resource management,accounting and information technology.

Message from the Dean


Achievements in 2005 that demonstrate ourcapacity to meet the challenges facing world class universities:

– Our contribution to knowledge through ourresearch activities continues to be recognisednationally and internationally. The Department of Economics was ranked #1 in a survey ofeconomics departments in Australia and NewZealand, with eight University of Melbourneeconomists being identified as star performersand named in a Hall of Fame

– Nobel Laureates, Professor Sir Clive Grangerfrom University of California (San Diego) andProfessor Sir James Mirrlees from CambridgeUniversity continued to participate in our research activities and in the undergraduate and postgraduate programs

– New building works for the 13 storey Economicsand Commerce Building located at 198 BerkeleyStreet in Carlton commenced. The building willoffer state-of-the-art facilities and services for the Economics and Commerce student body and also the wider University community

– The Faculty became a foundation member of the Association of Asia Pacific BusinessSchools, providing leadership and representationin order to advance the quality of business andmanagement education in the Asia-Pacific Region

– Expansion of the scholarship program forinternational students and domestic studentsexperiencing financial difficulties

– Excellent graduate outcomes for undergraduatesand postgraduates with high employer demandand salaries well above the national average.

In 2006 we will continue to implement initiatives to become the leading Economics and CommerceFaculty in the region and one of the best in theworld by:

– Developing strategies to improve researchquality

– Funding more PhD scholarships

– Building state-of-the-art infrastructure

– Enhancing the student experience byinitiatives which increase student engagementwith the University and the community,increasing support for student learningthrough the Teaching and Learning Unit and departments

– Diversifying our student mix

– Building additional links with industry,government and the community.

We hope that you will find this report on theactivities of the Faculty in 2005 and the profile of the academic and professional staff of interest.Please do not hesitate to contact the Faculty if you would like more information.

Professor Margaret A. AbernethyDean

03


The University’s research culture infuses, informsand enhances all aspects of our postgraduateteaching and learning. You will be inspired by the quality of our staff: Nobel laureates, eminentscholars, award-winning researchers and otherinternationally renowned academics. Our programs open doors to an international network of scholarship, offering excellent academic andresearch prospects.

Ranked the 19th university in the world by theTimes Higher Education Supplement (UK) inOctober 2005, the University of Melbourne is avibrant institution with a reputation for excellencebuilt over 150 years. Our success has beenachieved by insisting on international excellence.Our researchers are also dedicated teachers andsupervisors.

The University community is made up of 40,000 students including more than 9,000international students from a least 100 differentcountries. There are more than 6,500 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; Music;

Science; Veterinary Science and Land and FoodResources. Each faculty conducts courses forvarious degrees of bachelor, masters andpostgraduate diplomas. The majority ofundergraduate students take subjects from more than one faculty and many are concurrentlyenrolled in degrees from two faculties. TheUniversity also confers the Doctor of Philosophydegree and higher doctorates.

The University is a member of the Group of Eight leading comprehensive research-intensiveuniversities in Australia. In addition, the Universityis a member of the international networkUniversitas 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 ableto 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

The University of Melbourne is among the best-performed and most highly innovative of Australia’suniversities. It is the largest in terms of both research expenditure and income and is the secondlargest research and development organisation in Australia. Our impact on Australia’s research activityis enhanced by our strategic location in Parkville, where so many of the nation’s independent medicalresearch institutes are also located.


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 hasbeen taught since the 1930’s; in 1954 it appointedA.A. Fitzgerald as the first full-time professor ofaccounting in Australia; the MBA degree wasintroduced in 1963 (now taught in the MelbourneBusiness School). The Faculty has introducedMasters degrees in business and IT, appliedfinance, international business, applied commerceand accounting.

The student population has changed from an initialintake in 1925 of predominantly part-time studentsworking in commerce in the city of Melbourne to full-time students drawn from Australia andoverseas who are amongst the most able of their generation.

Since 1925, over 25,000 students have graduated from the Faculty. Many of thesegraduates now occupy senior positions inbusiness, government and academia, both within Australia and internationally.

Faculty of Economics and Commerce > 05


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 andtraining to students drawn from the upper-most 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 fourDepartments: 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 andSocial Research is also located within the Faculty.Close collaboration exists between departments in both teaching and research.

Some 7,000 students are enrolled in the variousdegrees and diplomas offered by the Faculty.Approximately 6,400 students, representing aquarter of undergraduates in the University, areenrolled in the Bachelor of Commerce degree,either as a single degree, or more commonly incombination with another degree such as Arts,Law, Engineering, or Science. Over 1,400 studentsare enrolled in postgraduate diplomas and degrees,including 150 in the PhD.

The Faculty teaches subjects to around 4,900equivalent full-time students. Of this load, 42 per cent are Australian students paying under an income contingent loan scheme (HECS) with some government subsidy, 46 per cent areinternational students and 12 per cent are full fee-paying Australian students.

There are 131 full-time staff employed in theFaculty at the rank of lecturer and above. TheFaculty prides itself on its international reputation,which is fostered by staff and student interchangeswith overseas universities. Staff publish in leadinginternational journals and contribute to appliedresearch and policy within Australia.

06 Current Profile

The Faculty is a leading centre of business education, research and innovation. Our academic staff often make key contributions to professional and public debate through conferences, lectures and short courses. They are also regularly asked to provide expert advice to the highest levels ofindustry and government, both nationally and internationally and have won numerous awards in teaching and research excellence.


Key achievements for the Faculty in 2005 included:

– Ground breaking for the new 13 storey Economicsand Commerce building to be located at 198Berkeley Street. The new building will includelecture theatres, teaching laboratories, generalaccess student laboratories, student services andfacilities and staff accommodation. The buildingis expected to be completed by 2008.

– New student access computer lab facility openedin April 2005. This facility provides an additional143 computers for undergraduate students.

– The Faculty joined the newly formed network, the Association of Asia-Pacific Business Schools.The mission of the AAPBS is to provide leader-ship and representation in order to advance thequality of business and management educationin the Asia-Pacific Region.

– Graduate outcomes: the 2004 GraduateDestination Survey results show that theundergraduate and postgraduate students aresuccessful in securing employment, gettinghigher than average salaries and report highsatisfaction rates with their current occupation.

– In 2005 the Faculty made a major investment in careers services with the appointment of aspecialist careers management consultant.

2005 Faculty Highlights > 07

The Faculty has established an international reputation as a preferred choice for study and research. In addition to four teaching departments, the Faculty has 10 research centres or institutes. In all of the major areas of Faculty activity including research, community engagement, teaching, and qualityinfrastructure, the Faculty made significant progress in 2005.


Academic Programs >The Faculty again experienced growth in thenumber of students enrolled in undergraduate and postgraduate studies. Our students areselected from the top performers in Australia and internationally and high entrance standards are rigorously maintained. Students come from over 60 countries and bring a wide range ofinternational, academic, professional and industryexperience to the Faculty. Teaching strategies tapinto the depth and diversity of this experience.

Students have benefited from the appointment oftwo Nobel Laureates and University of MelbourneVisiting Eminent Scholars to the Faculty. ProfessorSir Clive Granger and Professor Sir James Mirrleesparticipated in the undergraduate and postgraduateprograms of the Faculty during 2005. Sir Jamesspoke in several special lectures to groups ofeconomics students as well as presentingseminars in the Department of Economics. SirClive discussed research with econometricians inthe Department, talked about ‘The Noble Laureateexperience’ with graduate and honours students,and gave a seminar on ‘The Future of Forecasting.’

The Faculty undertook quality assurance andreview of programs through the Teaching andLearning Quality Assessment Committeeprocesses and completion of the Bachelor ofCommerce review. An outcome of the BComreview was to introduce an additional compulsorysubject into the degree.

In addition, the support services through theTeaching and Learning Unit were further enhanced:

– “Transition to Commerce” subject gives under-graduate students a clear understanding of howto approach learning effectively and efficiently,and to indicate what is expected in each of theFaculty’s departments. Transition to Commerceaims to develop learning strategies that areappropriate to university study.

– In 2005, the TLU supported the University’smove to incorporate Academic Orientation aspart of Orientation Week. This day and a halfprogramme introduces students to the format of lectures in each of the disciplines of thefaculty and provides them with a practice tutorial so that students obtain a clear idea ofwhat to expect when the semester begins.

– Commerce Research Learning Skills (CRALS)Program was offered by the TLU for the firsttime as a bridging program for postgraduatestudents in academic literacy, mathematics andinformation literacy. The program was offered as a two-week intensive course prior to the start of both semesters. Research students were also able to participate.

Undergraduate

The Bachelor of Commerce (BCom) is a flexibledegree allowing students to shape the course to suit their interests. The degree is designed todevelop powers of critical thinking and analysis that can be applied to many fields and equipgraduates to enter the world of business.

08


09

The BCom degree comprises 24 semester-lengthsubjects or the equivalent, taken over three years(full-time) or six years (part-time). There are fivecompulsory subjects and students are able toselect the remaining 19 subjects from the fullrange of commerce related subjects and have the opportunity to study non-commerce subjects.The clearly-in ENTER for the Bachelor ofCommerce degree was 93.4, representing the top seven per cent of students in the State withcomparable levels for interstate and internationalstudents. Standards of entry for combined degrees were even more competitive.

The total number of students enrolled in theBachelor of Commerce, either as a single degreeor as a combined degree, was 6,419 a substantialincrease on the previous year’s figure of 5,923.

Faculty engagement in the regional schoolscommunity, via rural outreach, continued toincrease with visits to Ballarat, Bendigo, Albury,Wodonga, Wagga Wagga, Griffith the Wimmeraand Gippsland.

Other community engagement activities includedthe VCE Lecture Series; Master Class; UniSummit;school visits and Faculty representation at expos inVictoria, Western Australia, New South Wales andQueensland; as well as on campus activitiespromoting the Melbourne Experience.

The VCE Lecture Series attracted some 2000 VCE students studying Accounting, Economics and Business Management. In 2005, 560 high-achieving Year 10 students representing 104schools participated in the Master Class. Over6,000 VCE students and parents visited Facultystaff and facilities during Open Day in August.

Twenty-six of the Faculty’s students also engagedwith community through the University’s StudentAmbassador Leadership Program. As part of thisprogram, each student volunteered 40 hours in thecommunity with organisations including: AustralianRed Cross, Edmund Rice Camps, Interchange,Melbourne City Mission, Starlight Children’sFoundation, Sudanese Australian IntegratedLearning (SAIL), Victorian Law Foundation andWesley Mission Australia.

The guest speaker at the annual prize-giving cere-mony was Ms Natasha Mandie, Managing Director,Hindal Ventures Pty Ltd. Faculty employer groupscontinue to generously support students withsponsorship of prizes and scholarships.

The Faculty’s seven student societies were againvery active offering opportunities for students tonetwork with employers, professional associationsand to develop friendships. The Financial Manage-ment Association of Australia held a very success-ful forum in October 2005 entitled ‘Be Inspired.’The event was attended by over 100 participants

and featured high achieving business women froma range of industries who shared their challengesand successes.

Results of the 2004 Graduate Destination Surveywere released in 2005, showing Faculty graduatescontinue to perform well. A snapshot of outcomeswere:

– Of those available for full-time work, 91% wereworking full-time;

– Work sector destination: 90.4% private sector,8.6% government;

– Mean salary $40,000 (national average forgraduates in the field – $35,000);

– Mean hours of work per week was 42.5 andmean age at employment was 23 years;

– 75.2% of Bachelor respondents said they had a paid job in their final year of study;

– 10.5% of Bachelor respondents engaged in paid or unpaid career related work as part of their course, while 50.6% completed workrelated to their career, outside of their course;

– Approximately 90% of both Bachelor graduatessurveyed described their current position aseither directly related or somewhat related totheir completed course.

The following undergraduate courses are offeredby 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 ofCommerce aims at developing powers of criticalanalysis that can be applied in many fields, andprovides professional training for a wide variety ofprofessions. The honours program allows studentsto further develop the specialisation they haveundertaken as part of the pass degree.

The Bachelor of Commerce and Bachelor ofCommerce (Management) are also offered as a combined 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 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.


Because of the interest in career advancement andchange expressed by postgraduates, the Facultyimplemented a comprehensive Career Program for postgraduates in 2005. The program includes:– Career Minutes – Career Hours– Career Day – One to one consultations – eAdvising – Career Mentoring Program – Online CV book – Career Visits – Career Positioning System

All postgraduate students have access to thisinnovative, user friendly and relevant service thatcomplement and adds value to other career relatedservices and resources offered at the University.The goal is to facilitate high standard careeroutcomes and enable to students to broadenknowledge of networks, job search and workplaceskills as well as self-awareness.

In 2005, the Faculty developed additional flexibledelivery modes including the option of completingpart of their studies online with global onlineeducation provider Universitas 21 Global (U21G). In addition, more summer school and intensivesubjects were offered to postgraduate students.

The A.G. Whitlam Trust funded outstandingpostgraduate scholars from 13 countries.

The following graduate programs are offered by the Faculty of Economics and Commerce:Graduate Diploma in Actuarial StudiesGraduate Diploma in Management StudiesGraduate Certificate in Business ForensicsGraduate Diploma in EconomicsPostgraduate Diploma in EconomicsPostgraduate Diploma in FinanceMaster of AccountingMaster 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 Applied FinanceMaster of Business and Information TechnologyMaster of Financial ManagementMaster of Human Resource ManagementMaster of International BusinessMaster of Commerce in Management (by

Advanced Seminar and Shorter Thesis)Master 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)

10

Postgraduate Programs

Postgraduate student numbers continue to increase, total enrolments in graduate diploma, masters,and PhD programs increased to 1,475 up from 940 students in 2004. Enrolments in the Master of Applied Commerce suite of programs contributed most to the increase. Factors driving growth are a recent study by consulting group Access Economics who found that postgraduate businessqualifications generate an estimated net economic benefit of $660,000 per graduate more than any other type of graduate. Australian Financial Review, 20 June 2005.


Research achievement was recognised in a studythat placed the Department of Economics as thetop economics department in Australian and NewZealand. Eight University of Melbourne economists– the most from any university in the study – have been identified by the researchers as ‘starperformers’ over the period 1988 to 2002 andnamed in a 30-member ‘Hall of Fame’.

The University of Melbourne economists whofeature in the research ‘Hall of Fame’ are Professor John Creedy, Professor Jeff Borland, ProfessorStephen King, Associate Professor Nilss Olekalns,Professor Vance Martin, Professor Peter Bardsley,Professor Ian McDonald and Professor Guay Lim.Melbourne’s strength was further demonstrated by the number and breadth of its academic econo-mists named in the individual rankings under thevarious criteria. They included Dr Michael Shields,Associate Professor Lisa Cameron, Professor John Freebairn, Dr Suren Basov, Dr Lisa Farrell, Dr Robert Dixon, Dr David Harris, Dr Chris Skeels,Associate Professor Joseph Hirschberg andAssociate Professor Donald Maclaren.

In addition to four teaching departments, theFaculty has 10 research centres or institutes. An ongoing major research enterprise conductedwithin the Melbourne Institute of AppliedEconomic and Social Research is the Household,Income and Labour Dynamics in Australia (HILDA)Survey. The HILDA Survey was initiated andfunded by the Commonwealth Governmentthrough the Department of Families, CommunityServices and Indigenous Affairs and is a household-based panel study which began in 2001. A HILDASurvey Research Conference 2005 was held at theUniversity of Melbourne 29-30 September 2005.

The Conference highlighted information abouteconomic and subjective well-being, labour marketdynamics and family dynamics.

Research and Research Training > 11

The Faculty continued to perform well in attracting research income, producing research publications and in PhD completions during 2005.


12

Staff of the Faculty made an unprecedentednumber of overseas visits during 2005 to profilethe Faculty and University, pursue institutional linksand to recruit students. New agreements weresigned with the European Business School,Manchester Business School and the WhartonSchool of Business, providing new opportunitiesfor staff and student exchange. Students and staff are now able to collaborate with over 100institutions worldwide. In June, the Faculty sent seven postgraduate students to the EuropeanBusiness School in Germany for an intensivesummer school on global governance.

The Faculty also hosted a number of high-profilevisitors including Professor Prakash Apte, Director,Indian Institute of Management (Bangalore) andProfessor Carlos Davila, School of Management,Los Andes University, Colombia. These visitsformed part of the Faculty of Economics andCommerce’s International Visitor Scheme, andfurthered the relationship with the two prestigiousinstitutions.

The Faculty sponsored five Graduate Career andEmployer events in 2005, held in Shanghai, HongKong, Bangkok, Singapore and Kuala Lumpur. Theevents were coordinated by Ms Christine Enker,the University’s Manager of International Careersand Employment and are invaluable for buildingrelationships with international employers andrecruiters.

As a means to provide more support forinternational students the Faculty revitalisedthe Whitlam Scholarships program andinstituted a new large-scale program ofinternational and domestic scholarships valued at one million dollars per year. Thislatter program is particularly focused onassisting students from developing countrieswho might not be able to study at Melbournewithout support from the Faculty.

Research collaboration with overseas scholarscontinues to grow in importance. Each departmenthas an active seminar series featuring internationalresearchers and all hosted numerous visitorsduring 2005.

Internationalisation >

During 2005 the Faculty continued topursue its vigorous internationalisationprogram. As well as working to maintainlinks with traditional partner countries suchas Malaysia, Singapore and Indonesia, the Faculty intensified its efforts in newregions. In particular, we sought tostrengthen links in India, Latin Americaand Europe as a means to ensure diversityin our student body, to offer students awider range of opportunities for exchangeand to provide staff with research andteaching opportunities in new regions.


13

Study Abroad and Exchange

Opportunities

An important part of the Faculty’s and University’sinternationalisation agenda is ensuring that ourstudents have a genuinely international experience,by being exposed to international students inMelbourne and having the opportunity to visitpartner institutions overseas. The Facultywelcomed over 75 students from study abroad and exchange partners in 2005. Scholarships were made available for students from Melbourneto study at partner institutions overseas and 70students went on exchange to countries includingthe UK, USA, Italy, Germany and the Netherlands.

Growing interest in Latin America was assistedthrough a University of Melbourne delegation visitto Mexico, Colombia, Peru, Chile and Brazil.

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 are invited to apply for the Study Abroad program within the Faculty.Applications for exchange or study abroadprograms should be made through the Universityof Melbourne’s International Admissions Office.


14

Austria

University of Vienna

Canada

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

Chile

Pontifical Catholic UniversityAdolfo Ibanez University

China (People’s Republic of)

Fudan UniversityNanjing UniversityPeking University Shantou UniversityTsinghua UniversityUniversity of Hong KongUniversity of Science andTechnology of China

Denmark

University of Copenhagen

France

Bordeaux I – University, Sciences,TechnologiesBordeaux II – Victor SegalenUniversityBordeaux III – Michel de MontaigneUniversityBordeaux IV – MontesquieuUniversityLyon II – Lumiere UniversityLyon III – Jean Moulin UniversityParis VII – Denis Diderot University

Germany

Albert Ludwigs University 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 BolognaUniversity of Commerce ‘LuigiBocconi’

Japan

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

Korea

Korea Advanced Institute of Science and TechnologyKorea UniversityPohang University of Science and TechnologySeoul National University

Lithuania

Vilnius University

Malaysia

University of Malaya

Mexico

Monterrey Institute of Technology & Higher Education (ITESM)

The Netherlands

Erasmus University of Rotterdam,School of ManagementLeiden UniversityUniversity of Amsterdam

New Zealand

University of Auckland

Norway

Norwegian School of Economics and 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 ManchesterUniversity of Nottingham

United States of America

Boston College Georgetown UniversityNew York University (Stern Business School)Pennsylvania State UniversityUniversity of California – Berkeley – Davis – Irvine – Los Angeles – Riverside– San Diego – Santa Barbara – Santa Cruz University of Illinois, Urbana-Champaign University of PennsylvaniaUniversity of Southern CaliforniaUniversity of Texas at AustinUniversity of VirginiaUniversity of Washington Washington University in St Louis(Olin School of Business)

Partner institutions for exchange programs


Former Director of the Melbourne Institute,Professor Peter Dawkins took up the position of Deputy Secretary (Economic and FinancialPolicy), in the Victorian Department of Treasury and Finance in April 2005.

Professor Ray Zammuto joined the Faculty in 2005 and will lead the Department ofManagement from 2006.

Professor Kostas Mavromaras was appointed as Head of the Labour Economics and Social Policy area in the Melbourne Institute of AppliedEconomic and Social Research.

Professor Kevin Davis was appointed Director of the Melbourne Centre for Financial StudiesConsortium. The Centre is comprised of theUniversity of Melbourne, Monash University, RMIT, supported by the Victorian Government and the Financial Services Institute of Australasia.

Dr Penelope Smith, MIAESR was appointed as a Research Fellow. Dr Umut Oguzoglu, Dr Julia Whitt and Ms Alison Goode wereappointed to MIAESR

Dr Martin Davies, Teaching and Learning Unit, and Dr Catherine De Fontenay Economics and Dr Bradley Potter, Accounting and BusinessInformation Systems, were promoted to seniorlecturer in 2005.

Dr Maria Kraimer, Department of Management,promoted to Reader and Associate Professor.

Dr Christina Cregan and Dr Ying Zhu,Department of Management, promoted toAssociate Professor.

Dr Beth Webster was promoted to PrincipalResearch Fellow.

Dr David Aldridge left the Faculty to take up a position within the University InformationServices Division.

Mr Alister Air joined the Faculty in October as the Information Services Unit Manager.

Dr Elizabeth Kent, Transition Officer left inOctober to take up a position at the University of New England.

Ms Nooi Chang was promoted to Manager(International).

15Staffing >Professor David Merrett Ms Nooi Chang Associate Professor Ying Zhu


The University of Melbourne’s inaugural ANZGroup Strategic Development (GSD) Scholarshipfor academic excellence and leadership potentialhas been awarded to Ezinne Udeh (pictured right),an International student from Mexico in her finalyear of a Bachelor of Commerce.

Bachelor of Commerce student Alicia Xiang Li, a Faculty Student Ambassador was selected asone of 100 outstanding young people of Chineseorigin from across the world to attend the 2005Dragon 100 Forum in Shanghai.

Professor Joe Isaac, Department of Managementwas awarded a LLD Honoris Causa by MacquarieUniversity in October.

Alfred Sham, a 2004 Bachelor of CommerceGraduate, placed in the top 10 in the BRW National Student Share Investment Competition for 2004/05. Dr Asjeet Lamba in the Department of Finance won the academic portion of thecompetition.

Professor of Management Cynthia Hardy wasawarded the University’s Woodward Medal inHumanities and Social Sciences for 2005. TheWoodward Medal is awarded to University ofMelbourne staff for research in the preceding three years which is considered to have made the most significant contribution in its field.

Associate Professor Anne-Wil Harzing wasappointed to editorial boards of the Journal of International Business Studies, EuropeanManagement Review, Human ResourceManagement and the Australian Journal ofManagement.

Dr Stewart Johnston and Dr Angela Paladino

were awarded the Australian and New ZealandAcademy of Management’s best paper award at the annual conference.

Ms Pauline Sinel received the General StaffScholarship for 2005.

16

Mr Phyl Georgiou was one of fourGoldman Sachs Foundation GlobalLeaders from Australia selected to travelto New York to join 46 others in meetingprominent leaders from the private, publicand non-profit sectors to learn more aboutleadership and global issues.

Distinctions and Awards >


Dr Lea Waters was announced as the 2004 winnerof the Pearson Education ANZAM ManagementEducator of the Year Award during 2005.

Professor Kostas Mavromaras – Academy of Athens 2005 Award for ‘Best Scientific work in the area of Economics’ in Greece between January 2003 and December 2005.

Dr Richard Fitzherbert was awarded the 2005JASSA Prize by the Financial Services Institute of Australasia.

Eddie Leung who completed his PhD in 2005 was awarded the 2005 A.M. Parker Prize by theInstitute of Actuaries of Australia.

Dean’s Award for Excellence in Teaching wereawarded to Dr Isabel Metz and Professor Nasser

Spear. Exceptional Distinction in Research andResearch Training were awarded to Professor

David Dickson and Professor Cynthia Hardy.

Associate Professor Howard Dick, Department of Management was appointed convenor of theMelbourne Asia Coordinating Committee.

A portrait of Professor Ross Williams, Dean of the Faculty from 1993-2002 was unveiled (pictured above). The portrait is by Sydney artist,Evert Ploeg.

Dr Sharafali Mossa’s paper titled ‘ProductionScheduling in a Flexible Manufacturing Systemunder Random Demand’ was listed in the top 25 Hottest Articles in the journal European Journal of Operational Research.

Mr Philip Shum, a second year doctoral student of the Marketing Group, was offered a VisitingScholar’s position in the School of Business atColumbia University in New York for five monthsbetween July and December 2005. His researchproposal has also recently been awarded twoindustry grants.

Associate Professor Milé Terziovski wasappointed to the editorial review board of Quality Management Journal.

The Board of the Global Manufacturing ResearchGroup appointed Professor Danny Samson

President Elect of that organisation.

‘The Handbook of Organizational Discourse’ edited by David Grant, Professor Cynthia Hardy,Cliff Oswick and Linda Putnam won the 2005Outstanding Book Award for the OrganizationalCommunication Division of the USA’s NationalCommunication Association.

Dr Michael Beverland was the inaugural winner of the ‘Emerging Researcher of the Year’ awardgiven by the Australian and New ZealandMarketing Academy.

17


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 businesscommunity, government and non-profit bodies provide major input into the activities of theFaculty through membership of advisory boards, and participation in conferences and seminars.Some of the Faculty’s 2005 activities are listed below.

18

Conferences and Workshops

Quantitative Analysis of Teaching and LearningForum, February 2005. A joint forum conducted by the TLU and the Department of Economics.Over 100 delegates attended the forum designedto showcase quantitative research in the teaching and learning of the disciplines in the Faculty.

The 10th Australasian Macroeconomic Workshopwas held at the University of Melbourne on 30-31 March 2005. It was organised by theDepartment of Economics and the Centre forMacroeconomics at the University of Melbourne.

A two day conference by the Melbourne Instituteand The Australian newspaper ‘SustainingProsperity: New Reform Opportunities forAustralia’, was held 31 March – 1 April 2005.

‘The Next Generation: Building a bridge betweenmicrosimulation, life-cycle, and macroeconomicmodels’ Monday, 9 May 2005 – The aim of theworkshop was to bring together a technicalaudience of micro and macro economists fromacademia and government, to share existingexpertise and help accelerate the development of the next generation of Australian models needed to address tomorrow’s questions.

The Department of Accounting and BusinessInformation Systems hosted the First Asia-PacificResearch Symposium on Accounting InformationSystems. The symposium provided a forum forleading international and local academics andAustralian PhD students to discuss researchfocusing on the nexus between accounting and business information systems, held 2 July.

A Business Economics Forum on Innovation,Intellectual Property Rights and AustralianProductivity Growth was held 6 September and repeated on 8 September.

The Department of Economics hosted the 34thAustralian Conference of Economists (ACE 05) held at the University of Melbourne from 26 – 28September 2005. One hundred and eighty sevenpapers were presented at the conference. Plenarysessions were given by Olivier Blanchard (MIT),Peter Lloyd (Melbourne), Hugo Sonnenschein(Chicago) and John Sutton (LSE). Two symposiaand a business dinner were also held inconjunction with ACE 05 on 28 September 2005. One symposium was on ‘Cartels and the Law’ the other was on ‘Basel II’. The ReserveBank of Australia Governor Ian Macfarlane was the guest speaker at business dinner.

HILDA Conference 2005, Thursday 29 and Friday30 September 2005 – A two day conference thatprovided a forum for the discussion of researchbased on the Household, Income and LabourDynamics in Australia Survey.

Business and Community >

Industry links

The Economics and Commerce Career Mentor Connection (CMC) program linked postgraduate studentswith industry mentors based on degree specialisations. Successful mentor-mentee relationships enablestudents to gain insights into specific industries and begin to develop personal and professional networks.Many mentors are alumni of the University working in a broad range of professional fields with both thepublic and private sectors well represented including Melbourne City Council, Ford Motor Company, State Trustees, JP Morgan, Chase Bank, Berhad, Ericsson, CSL Ltd, The Nous Group, and UrbanMaintenance System.

Business sponsored scholarships awarded in 2005 included Horwath Final Year Accounting Scholarship and Deutsche Bank Final Year Scholarships.


19

The Faculty was co-sponsor of the AsiaConnectConference held in November 2005.

The Melbourne Institute ran quarterly forums inMelbourne and Canberra – the Melbourne InstituteBusiness Economics Forum and the MelbourneInstitute Public Economics Forum. Topics in 2005included: ‘Pre-Budget Assessment of the Economyand the Reform Agenda’; ‘Where Will Our WorkersCome From?’; ‘Innovation the Key to ProductivityGrowth’; and ‘Poverty and Opportunity:Measurement and Policy Issues.’

13 seminars were held in 2005 as part of theMelbourne Institute Seminar Series

15 workshops were held in 2005 as part of theMelbourne Institute Workshop Series

Asialink and Asian Economics Centre presented‘Labor Rights in Asia: The ILO’s Decent WorkAgenda.’

Public Lectures

The 18th Downing Lecture ‘The Economics of Immediate Gratification’ was delivered byProfessor Matthew Rabin, University of California Berkeley on 8 March.

Asian Economics Centre jointly with Asialinkpresented public lecture by Professor Ross

Garnaut on ‘The US and China Free TradeAgreements and the Future of Regionalism’, held 22 March.

The Max Cordon lecture was delivered byProfessor Jeffrey Williamson, the Laird BellProfessor of Economics at Harvard University on 23 May 2005. Professor Williamson spoke onthe ‘Third World De-Industrialisation, Then andNow: Has the Old Economic Order Vanished?’

A Dean’s Lecture was delivered by Professor

J Freeman, the Herbert Ascherman Professor of Economics at Harvard University on 20 June2005. Professor Freeman spoke on ‘Doubling theGlobal Workforce: The Challenge of IntegratingChina, India, and the Former Soviet Bloc into theWorld Economy.’

Professor Robert Gregory, Research School of Social Sciences, ANU gave a Dean’s Lecture on 12 August entitled ‘The Haves and the HaveNots. Why are we splitting into two nations?’Professor Gregory received an Honorary Doctoratefrom the University of Melbourne on 13 August.

QANTAS Chairperson Margaret Jackson

presented ‘Obligation, Responsibility and Respect’,the 20th Foenander Lecture, held 23 August.

2003 Nobel Prize winner Professor Sir Clive

Granger presented a public lecture on ‘TheEconomics of Peace’ held 15 September.

Dr Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission for the Government of India, delivered the David Finch Lecture ‘TheTransition to International Financial Integration:India’s Experience’, held 22 September.

Professor Peter Lloyd presented the 2005 Stan Kelly Memorial Lecture at the AustralianConference of Economists, held 26 September.

The 66th Annual CPA Lecture was delivered byProfessor D Larry Crumbley, KPMG EndowedProfessor in the Department of Accounting atLouisiana State University. Professor Crumbleyspoke on ‘Corporate Fraud and Financial Abuse:The Current and Future Role of ForensicAccounting’, held 5 October.

Professor Gavin Jones of the University ofSingapore gave a pubic lecture on the 20 October2005 entitled ‘A Demographic Perspective on the Muslim World.’

Inaugural Lectures

Professor David Merrett, Department ofManagement gave his Inaugural ProfessorialLecture on 20 September, on the topic ‘DidBusiness Matter: Australia in the 20th Century.’

Media Coverage

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

In 2005, the University’s Media Office published a report on 2004 media activity. The report foundthat the Faculty received 189 mentions in themedia, including print, radio and television. The media was overall favourable at 99%. 44 commentators from the Faculty attractedcoverage; the most prominent commentators were Professors Peter Lloyd, John Freebairn and Peter Dawkins. Peter Lloyd’s report for theVictorian Government into the commercial plantingof genetically-modified canola was the biggeststory of the Faculty. Other issues that facultymembers participated in were: the federal election,Australia’s Free Trade Agreement with the USAand the ageing population crisis.

Stories most often appeared in broadsheet news-papers and the business press, with the AustralianFinancial Review providing the most coverage.


Statistical Tables >20

Table 1 Numbers of Unique Students Enrolled in a Faculty Course in 2005

Course International Students Total Enrolments

BCom 1770 2922BCom (Hons) 30 105BCom (Hons)/LLB 1 45BCom (Hons)/Other* 0 17BCom/BA 2 880BCom/LLB 153 779BCom/BIS 65 439BCom/BEng 126 567BCom/BEng (IT) 45 158BCom/BSc 24 371BCom/ BPC 14 97BCom/BAgrSc 0 22BCom/BAgr 0 5BCom/BMus 2 12

Total Undergraduate 2302 6419

Postgraduate Certificate 0 6 Diploma 8 32Masters (Coursework) 644 1272Masters (Research) 2 15PhD 60 150

Total Postgraduate 706 1475

Total 3008 6997

* Students combining BCom (Hons) with a degree other than Law. Combined degree students taking honours in other faculties are included in the relevant BCom combined degree figures.


21

Table 2 Full-Year Teaching Load by Nature of Enrolment, 2005

Australian International AustralianLevel subsidised fee-paying fee-paying Total

Bachelors (Pass) 1926 1663 258 3847Bachelors (Honours) 88 40 3 131Diploma – 5 14 19Masters (Coursework) 24 492 301 817Masters (Research) 6 2 – 8PhD 59 57 – 116

Total 2103 2259 576 4938

Table 3 Full-Year Teaching Load by Department, 2005

Higher HigherDegrees Degrees

Department Undergraduate Diplomas (Coursework) (Research) Total

Accounting & BIS 967 3 262 13 1245Economics 1353 8 107 43 1510Finance 893 4 144 11 1053Management 746 5 305 54 110

Total 3978 19 817 124 4938

Notes: Components may not add to totals owing to roundingHigher Degrees (Research) total includes 3 in MIAESRUndergraduate total includes 19 “Faculty general”

Table 4 Teaching Load, 1992-2005

Other than Higher Higher

Year Degree Degree Total

2005 3997 941 49382004 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

Table 5 Total Operating Revenue by Source

Researchincome19%

DEST OperatingGrant 18%

Student feeincome 58%

Other 5%

The Faculty continuesto rely heavily onstudent fee income tosupport its operatingactivities. Total studentfee income receipted to the Faculty after thededuction of centraloverheads in 2005 was$32.4m, $1.3m short of our 2005 target.


22

Table 8 Total Operating Expenditure 2003-2005

2003 2004 2005

Table 10 Sources of Revenue 2003-2005

100%

80%

60%

40%

20%

0%2003 2004 2005

Table 9 % Change in Student Fee Revenue

30

25

20

15

10

5

02003 2004 2005

Table 6 Number of Academic and Professional Staff by Department(equivalent full-time as at 31 March 2005)

Department Teaching & Research Research only Professional StaffFull-time Casual Full-time Casual Full-time Casual

Accounting & BIS 28.0 5.6 0 1.0 9.6 4.9Economics 38.4 10.6 1.6 1.3 14.8 0.9Finance 23.3 9.1 0 0.2 6.8 2.0Management 39.0 9.7 0.4 1.3 11.1 3.7MIAESR 3.0 0 22.9 0.2 8.7 1.2Faculty General 5.0 0.1 0 0.1 61.9 3.7

Total 136.7 35.1 24.9 4.1 112.9 16.4

Full-time includes fractional full-time

Table 7 Teaching-and-Research

Staff by Category (full-time and fractional full-time as at 31 March 2005)

Category Number

Professor 22.7Associate Professor / Reader 26.6Senior Lecturer 35.1Lecturer 47.0Other 5.3

Total 136.7

19.8% 18.6% 18.2%

18.9% 19.1% 19.3%

8.4% 5.1% 5.2%

52.9% 57.2% 57.4%

Other

Salary

Non-salary

Research income

Student feeincome

DEST operatinggrant

Total operating expenditure for the Faculty increased to $50m in 2005. 66% of this represents salary expenditure with othersignificant investment in the purchase of capital equipment

for the new under-graduate computerlaboratory that opened in 2005.

The decline in overseas demand isstarting to be realised within theFaculty. Growth in our student feeincome is declining as the market forundergraduate programs plateaus.The Faculty has invested heavily inits postgraduate programs to assistin further diversifying its revenuestreams, however it is unlikely thatrevenue growth is going to increasein the short to medium term.

60

50

40

30

20

10

0


Australian Research Council –

Discovery Project Scheme

Administered by the University of Melbourne

New Statistical Procedures for AnalysingDependence in Non-Gaussian Time-Series DataDr D Harris (with Dr G Martin, Monash University)

Measuring the Effects of Interest Rate Volatility Associate Professor O T Henry, AssociateProfessor N Olekalns, Dr K Shields (with AssociateProfessor M D McKenzie and Dr S Suardi)

The Psychological Contract: Bridging HumanResource Management Practices andOrganisational EffectivenessProfessor C Kulik, Dr C Cregan, Dr M Brown and Dr M I Melz

Labour Market Transitions and Dynamics inAustralia: An Analysis of Household, Income and Labour Dynamics in Australian SurveyProfessor M P Wooden, Professor J L Borland and Professor K Mavromaras

Australian Research Council –

Linkage Grants

Designing Innovative Allocation Mechanisms for Public PolicyProfessor P Bardsley, Sir J Mirrlees, Dr LGangadharan, Dr N Erkal (with Professor C R Plott, Mr G C Stoneham; Ms C C Thomas; Mr P Hughes and Mr C Beverly)Industry Partner: Victorian Departments of Primary Industries; Treasury and Cabinet;Sustainability and Environment

Employment Systems and OrganisationalOutcomes: Managing Employee Expectationsthrough HRM PracticeProfessor C Kulik, Dr M Brown, Dr C Cregan and Dr M I MetzIndustry Partner: Australian Human ResourceInstitute

Experimental Evaluation of YP4 – Is ‘Joining-up’services for homeless and jobless people a netbenefit to Society?Professor JL Borland, Dr Y Tseng, Dr R K WilkinsIndustry Partners: Hanover Welfare Service,Melbourne City Mission, Brotherhood ofSt.Laurence, Loddon Mallee Housing Services

Uncertainty and the Success of InnovationDr E M Webster, Dr J Yong, Dr P H Jensen, Dr A Palangkaraya (with Ms K C Collins)Industry Partner: IP Australia

23Research Grants Awarded for 2005 >


Work and Social Cohesion Under GlobalisationProfessor D Samson, Associate Professor J Benson (with Mr R Gough, Dr J Doughney,Professor A Rainnie, Dr M MacIntosh)Industry Partners: National Australia Bank Limited,Australian Council of Trade Unions, MembersEquity, Multiplex Constructions Pty Ltd, Schneider(Australia) Consulting, Ernst & Young, CorrsChambers Westgarth, Linfox

The University of Melbourne Early

Career Grants

Accounting and Business Information

Systems

A Cross-cultural Study of Factors Determining theDesign, Implementation and Use of EnterpriseSystems in Global Organizations, Dr Gary Pan

Economics

Knowledge Sharing in Dynamic Research andDevelopment Competition, Dr Nisvan ErkalStructural Estimation of a Model of HeterogenousFirms and International Trade, Dr Russell Hillberry

Finance

Determinants of the Risk Appetite of Australian Oil Companies, Dr Les Coleman

Management

Understanding the Nature and Consequences of Corporate Ethics Training, Dr Adam Barsky

Melbourne Institute of Applied Economic

and Social Research

Examining the Impact of Health on Labor Supplyand Wages, Dr Lixin CaiModeling Changes in Output Volatility in the Globaland Domestic Economies, Dr Penelope Smith

Faculty Research Grants


Systems

A Longitudinal Study of the Effects ofPersonalization on User’s Information Processingand Decision-Making, Dr Susanna Ho

Economics

Individual and Aggregate Behaviour of Consumerswith Habit Persistence, Dr Peter Stemp

Approximations to the Sampling Behaviour of theIV Estimator in Dynamic Simultaneous EquationsModels, Dr Chris Skeels

Nonparametric Bayesian Assessment of Lorenzand Stochastic Dominance in Income Distributions,Professor Bill Griffiths

School Principals and Education Outcomes ofYouth, Dr Mick Coelli

Finance

The Effects of Business Methods PatentsApprovals on Grantees and Their Industry Rivals, Dr Asjeet Lamba, Dr Andre Gygax

Management

Female academics in editorial boards ofmanagement journals (supplementary application)Associate Professor Anne-Wil Harzing, Dr IsabelMetz

An Empirical Study on the Implementation andPractice of TQM and Six Sigma in AustralianIndustry, Associate Professor Milé Terziovski, Dr Sharafali Moosa

Measuring Brand Authenticity, Dr MichaelBeverland, Dr Julie Napoli

Understanding Supervisory Deviation fromCorporate Policy: The Role of Participative DecisionMaking Among Chinese Supervisors, AssociateProfessor Ying Zhu, Dr Adam Barsky

The role of career identity and adaptability duringunemployment and upon re-employment, Dr LeaWaters, Dr Douglass (Tim) Hall

Content and Contextual Interference: The Whole is Less Than the Sum of Its Parts, Mr AnishNagpal, Dr Elison Lim


and Social Research

Testing for a unit root in short rate jump diffusionprocess, Dr Michael Chua

Teaching and Learning Unit

An investigation into the interrelationship of work,learning and identity in professional practice, Dr Gayle Morris

Faculty Early Career Researcher Grants


Systems

Information Systems Decision Making DuringMergers and Acquisitions, Dr Manjari Mehta

Economics

Job Duration and Immigrant Labour MarketAssimilation, Dr Andrew Clarke

Finance

Emerging Markets: index construction and theimpact of legal code, Dr Bonnie Buchanan

Modelling Approaches for Credit Risk ofCollateralised Debt Obligations, Dr Harald Scheule

Management

The Changing Face of Non-Profit Organisations:reconciling the tensions, Dr Jennifer Frahm

24


Competitive Crossovers: evidence from the musicand broadcasting industries, Dr Joeri Mol

Internationalisation and Firm Performance: anempirical test of the stages model, Dr Tatiana Zalan

PhD Theses Completed

Rosanna Scutella, Indirect & Direct Tax Incidence in Australia

Edward Leung, Long Term Care in Australia

Veronika Nemes, Electronic Trading forResources

Emayenesh Seyoum-Tegegn, The Impact of the Current Round of WTO Negotiations onAustralian Dairy Industry: The potential effects of officially supported export credit

Amalia Widyasanti, Inflation Targeting andExchange Rates in Small Emerging Economies

Fan Liang, Foreign invested enterprises in atransitional economy of China

John Van Beveren, The influence of online flow and involvement on information search

Andre Spicer, Making a world view? Globalisation Discourse in a Public Broadcast

Danielle Chmielewski, Antecedents andConsequences of the Timing of New BrandIntroduction: a firm based and market basedperspective

Johanna Macneil, An investigation of the nature of complementary work practices inAustralian organisations

Matthew Cairns, The Economics of Multi-national Investment: learning, knowledge andtransition economies

Krishnan Maheswaran, Some internationalevidence on the impact of liquidity constraints on consumption smoothing

Wai Man Liu, Monitoring and limit ordersubmission risks

Faculty Honours (Research)

Scholarships

In 2005, nine Honours students were awardedstudentships to work with academics to developtheir research essays into publishable journalarticles.

Economics

T Betts, Equity Prices and the External FinancePremium

R Humberstone, Unemployment in the JobContact Network

I Linsley, Over-education in the Australian LabourMarket: Incidence, Effects and Causes

S Killimer, Exploring Unknown Quantities:Development and Application of a StochasticCatastrophe Model with Output and Sensitivities

B Westmore, Allowing for Durable Goods inEstimating the Inter Temporal Elasticity ofSubstitution for Australia

Finance

T J Tan, An Empirical Assay into InvestmentSensitivities in Australia Using Panel Data

J O’Day, Are Firms Substituting ShareRepurchases for Dividends? Australian Evidence

Management

J Russo, Workaholic Worker Type Difference inWork-family Conflict: the Moderating Role ofSupervisor Support and Flexible Work Schedule

S Domberger, An Empirical Investigation of theProtean Career Orientation in a Graduate Context

Visiting Research Scholar Grants

The following international visitors were supportedin 2005.

Accounting and Business Information Systems

Professor J Sutton (University of Connecticut)Professor P Easton (University of Notre Dame)Professor J Francis (University of Missouri)Professor S. Anderson (Rice University)

Economics

Professor R Kali (University of Arkansas)Professor G Jones (National University ofSingapore)Professor J Powell (University of California,Berkeley)

Management

Professor G Jones (National University ofSingapore)Professor C Snow (Pennsylvania State University)Professor J Wacker (Arizona State University)


and Social Research

Professor A Drago (Pennsylania State University)

25


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 compliment 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.

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 44teaching and research staff. The Departmentincludes the Centre for Actuarial Studies.

The Department is committed to achieving thehighest standards in research in economics andeconometrics: 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; TheAustralian macro-economy; Operation of financialmarkets; Health and well-being; Asian economiesand the economics of international trade anddevelopment; and Economics of education.

The Department places a high value on its teaching program and the quality of that program.Its objectives are 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 be innovative in methods of teaching.Teaching covers the core areas of microeconomics,macroeconomics and quantitative methods/

>Departmental Profiles

Professor Stewart LeechHead, Department of Accounting and BusinessInformation Systems

26

Professor Jeff BorlandHead, Department of Economics


Professor Paul KofmanHead, Department of Finance

Professor Ray ZammutoHead, Department of Management

econometrics, as well as most other specialistareas such as monetary economics, game theory,development economics, environmentaleconomics, 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.

Department of Finance

The Department of Finance was formally estab-lished in July 2001, although finance subjects hadbeen taught at the University of Melbourne forseveral years prior.

The Department has grown substantially since itsestablishment, from just over 700 full-time studentunits in 2002 to approximately 1050 units in 2005.There is a strong honours program with intakerestricted to around 40 students. A suite ofpostgraduate programs is offered, ranging from the practitioner-oriented Master of Applied Financeand Master of Financial Management to the morespecialised Master of Commerce in Finance andPhD with coursework component.

Current research interests of department staff span the field of finance and include asset pricing, derivatives, corporate finance, marketmicrostructure, financial institutions, real estatefinance and international finance. To support itsresearch activities, the Department has access to a large number of financial databases, includingDatastream, Bloomberg and IRESS.

In 2005, the Melbourne Centre for FinancialStudies was created pursuant to an initiative of,and seed funding by, the Victorian Government.

The Centre’s purpose is to help develop thereputation of Melbourne as a centre of financialresearch, education and practice. It is a jointventure of a consortium of Melbourne, Monashand RMIT Universities, together with FinancialServices Institute of Australasia, who have allcommitted financial and in-kind support.

The Department hosts international visitingacademics from all over the world. Departmentstaff are involved in continuing education andexecutive programs and have strong links withpractitioners and financial institutions. Financehosted 23 research seminars in 2005, presentedby academics from overseas and interstate as well from within Victoria.

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 OperationsManagement. The Bachelor of Commerce(Management) provides a special opportunity for undergraduate students to concentrate onmanagement studies. This and our professionalMasters level courses prepare people for careersas 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.

27


28The student load in the Department is about 1000full-time equivalents, with about 750 undergraduateand 250 postgraduate students. There are over 20honours students and over 60 students under-taking a PhD in a wide range of areas reflecting thediverse theoretical traditions and methodologieswhich comprise the discipline of management.Full-time academic staff currently number 39.

The Melbourne Institute of Applied

Economic and Social Research

The Melbourne Institute is a research departmentof the Faculty of Economics and Commerce. It was established in 1962 under the leadership ofProfessor Ronald Henderson, as the first researchinstitute of its kind in Australia. It has had fiveDirectors: Ronald Henderson, Peter Dixon, RichardBlandy, Peter Dawkins and John Freebairn (fromApril 2005). In its 43 year history it has made many major contributions to economic and socialresearch on Australia and contributed strongly to economic and social policy analysis and development.

Under its previous Director, Professor PeterDawkins, the Institute’s annual income increasedfrom just over $1m in 1996 to a budget of $10m in 2005.

In 2005, it now has a staff of about 42 as well as 15 Adjunct Fellows. It operates in four research areas:– Labour Economics and Social Policy– Applied Macroeconomics– Applied Microeconomics including:

– Industrial Economics– Economics of Health

– Household Income and Labor Dynamics Survey

As well as contributing strongly to the academicliterature in economics, both in Australia andinternationally, the Melbourne Institute has along-standing tradition of working closely withbusiness, government and community groupsby providing research and consultancy services.Over 2005, major clients of the MelbourneInstitute included the Australian GovernmentDepartments of Family and CommunityServices (FaCS) and Employment andWorkplace Relations (DEWR), VictorianDepartments of Treasury and Finance andHuman Resources, Westpac BankingCorporation, William M. Mercer Pty Ltd, ING DIRECT, TD Securities and the ReserveBank of Australia as well as the University ofMelbourne. The Melbourne Institute has alsobeen successful in winning substantial ARCfunding, both Discovery and Linkage grants.

Currently, the Melbourne Institute has a majorresearch contract for social policy research withDEWR. The Melbourne Institute is also the homeof Australia’s major household longitudinal surveyof Household Income and Labour Dynamics(HILDA), which is led by the Institute’s DeputyDirector, Professor Mark Wooden, under a contractwith the Commonwealth Department of Familyand Community Services.

The Melbourne Institute also provides post-graduate education at the Masters and PhD levels.

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 aquarterly journal focussing on the Australianeconomy and aimed at broad audiences. TheMelbourne Institute publishes regular economicindicator reports such as the Westpac–MelbourneInstitute Indexes of Economic Activity; theWestpac–Melbourne Institute ConsumerSentiment Index; the ING DIRECT–MelbourneInstitute Household Saving and Investment Report; and the TD Securities– Melbourne Institute Monthly Inflation Gauge.

Professor John FreebairnDirector, Melbourne Institute of Applied Economicand Social Research


The Centre for Actuarial Studies

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

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

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 with actuarial interests ranging from the moretheoretical to the practical. Staff interestsnecessarily span the full spectrum of expertiserequired for professional accreditation, but theCentre is internationally known for its research inthe areas of ruin theory and 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.

These links are highlighted by the presence of high profile actuaries on the Centre’s AdvisoryBoard and the University of Melbourne ActuarialFoundation.

The Asian Economics Centre

The Asian Economics Centre is located within the Department of Economics and serves as aforum for bringing together those with an interestin research 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.

Centres in the Faculty > 29

Professor David Dickson, Director, Centre for Actuarial Studies


– 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 teaching of subjects related to economics of Asian countries at the undergraduate,graduate and continuing education levels.

The Director of the Centre is Associate ProfessorSisira Jayasuriya. The Centre has a distinguishedResearch Advisory Board.

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 Depart-ment and the Melbourne Institute of AppliedEconomic and Social Research, are concerned with the development, evaluation and application of microeconom-etric 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.

In 2005 the Centre held two one–day workshops.Visitors to the first one on 17 November 2005were Gary Barret (UNSW), James Power(University of California, Berkley) and KeithMcLaren (Monash). The second was held jointlywith the Turning Point Alcohol and Drug Centre on 30 November 2005. The Centre sponsored asession on Applied Bayesian Microeconometrics at the Australian Conference of Economists held at the University of Melbourne on 26-28September 2005.

Visitors to the Centre

The Centre hosted the following visitors in 2005:Philip Clarke, University of OxfordLuke Connelly, Queensland UniversityDenise Doiron, University of NSWClaire Finn, University College, DublinNorman Gemmell, University of NottinghamTue Gorgens, Australia National UniversityJames McKinnon, Queens UniversityChristopher O’Donnell, University of QueenslandAbigail Payne, McMasters UniversityWolfgand Polasek, Institute of Advanced Studies,ViennaJames Powell, University of California, BerkleyNancy Qian, Brown University

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 and internationalresearch linkages

– facilitate the training of research students

– be a focus for external research funding

– organise conferences and workshops

– encourage research-based policy advice

The Centre has been involved in the organisationof the Australasian Macroeconomics Workshop,has hosted international and Australian visitors and has a weekly seminar series. Members of the Centre research topics such as monetary and fiscal policies, the analysis of business cycles,interactions between the labour market and theeconomy, and the linkages between the domesticand world economies.

The Director of the Centre is AssociateProfessor NilssOlekalns (right).

30


31

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 CooperationCentre and the Australian CRC for InteractionDesign)

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

Development

The 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.

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 (pictured below). From theoriginal four institutional partners – the University ofMelbourne, the University of Sydney (Departmentof Work and Organizational Studies), McGillUniversity (Centre for Strategy Studies inOrganizations) andKing’s College,University of London(The ManagementCentre), the Centrehas grown to includethe Judge Instituteat the University ofCambridge, Leic-ester University and the University of Lund and Texas A & M University.


32

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 researchand postgraduate training in the field of organiz-ational 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 is Dr Elizabeth Webster.

The Melbourne Centre for Financial

Studies

The Melbourne Centre for Financial Studies hasbeen created to help develop the reputation ofMelbourne as a centre of financial research,education and practice. It is the result of aninitiative of, and seed funding by, the VictorianGovernment. It is a joint venture of a consortium of Melbourne, Monash and RMIT Universities,together with Finsia, who have all committedfinancial and in-kind support.

The strategic positioning of the Centre is based on:

– increasing general awareness of the extent of the overlap in research interests between‘town and gown’

– encouraging further development of that overlapin Melbourne

– identifying mutually beneficial opportunities fortown and gown by developing superior know-ledge about research interests and needs andthe location of skills and information necessaryto meet those needs.

The Melbourne Centre activities include:

– identifying and communicating information aboutresearch opportunities for mutual benefit fortown and gown

– developing a database of knowledge and skillsets available

– facilitating interaction (matching demand for and supply of specific research activities)between town and gown

– publicising outcomes from such interaction toincrease awareness of the potential benefits

– developing and exploiting commercialopportunities arising from research activitiesfacilitated and from its positioning in the marketfor financial research

– funding high quality academic research whichwill enhance the international reputation ofMelbourne as a centre of financial research,practice and education.

The research agenda of the Melbourne Centreinvolves an emphasis on innovative, cutting edgeresearch which provides opportunities for thefurther development of the Melbourne financeindustry as a result of the accumulation ofknowledge capital. Identifying areas of potentialstrengths which can be capitalised upon, and newand emerging markets where opportunities exist is crucial to this role. In that regard, the MelbourneCentre has established an Industry AdvisoryCommittee of prominent finance industrypractitioners to provide input and advise on the direction of its research agenda.

Professor Kevin Davis was appointed as theCentre’s inaugural Director in July 2005.

More details about the Melbourne Centre’sactivities can be found atwww.melbournecentre.com.au.


Business

Ms Elizabeth Alexander, Chairperson, PSL Limited

Mr Philip Brass, Non-Executive Director, GlobeInternational

Mr Tony Burgess, Head of Mergers + AcquisitionsEurope, Deutsche Bank, United Kingdom

Mr Terrence Campbell, Chairman & CEO, GoldmanSachs JB Were Pty Ltd

Mr Mark Chiba, Chairman, Longreach Group, Hong Kong

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

Mr Dick Chan Teik Huat, Executive Chairman,Anglo Eastern Platation PLC, United Kingdom

Mr Esmond Choo, Executive Director, RHB-Cathay Securities, Singapore

Mr Bill Conn, Company Director

Mr Laurie Cox AO, Executive Director, MacquarieBank Limited / Chairman Transurban Group

Mr David Crawford, Allens Arthur Robinson

Ms Gloria Ewe Gim Goh, Ernst & Young, Malaysia

Mr Charles Goode AC, Chairman, ANZ Bank,Woodside Petroleum Ltd.

Ms Merran Kelsall, Director, Melbourne Water and others

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

Mr Ananda Krishnan, Company Director, Malaysia

Mr Leon L’Huiller, Non-Executive Director,Woolworths Limited and Repco CorporationLimited

Mr Alwyn Lim, Principal, Alwyn Lim & Co, Republic of Singapore

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

Mr Alastair Lucas, Vice-Chairman and ManagingDirector, Goldman Sachs JBWere

Mr Gary Morgan, Executive Chairman, Roy MorganResearch

Mr Hugh Morgan, AC, Principal, First Charnock

Mr James Riady, Deputy Chairman, LIPPO,Indonesia

Professor Paul Rizzo, Director, National AustraliaBank Limited

Mr Irving Rockman, Chairman, Northrock GroupPty Ltd

Graduates of the Faculty >Graduates of the Faculty over the last 75 years have been leaders in business, public policy andacademia. Below is a list of current prominent alumni.

33


Mr Irving Saulwick, Principal, Irving Saulwick and Associates

Mr Peter Scanlon, Chairman, Patrick Corporation

Ms Nicola Scott, Manager, Financial Accounting,ANZ

Mr Asgari Stephens, Executive Director, iSpringCapital, Malaysia

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

Mr Christopher Thomas, Partner and Global Headof Board Consulting Practice Group, Egon ZehnderInternational

Mr Brian Watson, Founder and Executive ChairmanGeorgica Associates Pty Limited (formerlyChairman, JPMorgan Australia)

Mr Peter Yates, Managing Director, Allco EquityPartners Ltd

Mr Eu Ming Yeow, Minolta Marketing, Malaysia

Public Service

The Hon John Brumby, Treasurer, Department of Treasury and Finance

Mr Michael Carmody AO, Commissioner ofTaxation, Australian Taxation Office

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

Ms Jenny Macklin, Shadow Minister for Education,Training, Science and Research

Datuk Dr Mustapa Mohamed, Minister, PrimeMinister’s Department, Malaysia

Mr Nuhkul Prachuabmoh, Minister forCommunications, Thailand

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 AO, Founder & Chairman,Population and Community DevelopmentAssociation, Thailand

Mr Ian Watson, Senior Deputy President,Australian Industrial Relations Commission

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

Professor Ross Williams, Commonwealth GrantsCommission

Higher Education

Professor Max Corden AC, Emeritus Professor ofInternational Economics, Johns Hopkins University,and Professorial Fellow Department of Economics,University of Melbourne

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

Professor Jayne M Godfrey, Deputy Dean(Research), Faculty of Business and Economics,Monash University

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

Professor Emeritus Geoffrey Harcourt. AO, FASSA,ACSS, Cambridge University

Professor Joe Isaac AO, Department ofManagement, University of Melbourne

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

Professor Stuart Leech, Head, Department ofAccounting, 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

The Hon David White, Council, University ofMelbourne, and Director, Hawker Britton

34


Commerce Alumni Society Report 2005 >Highlights included:

– Young Alumni Function featuring GeorgeMegalogenis (BCom 1985), senior writer for The Australian newspaper and sponsored byPricewaterhouseCoopers at their new premisesat Southbank. Another function for Young Alumniwas sponsored by KPMG and featured MrSimon Hammond from SEE Communications.

– Two alumni reunion events were held atUniversity House during 2005. The annualreunion for commerce alumni who graduatedmore than 45 years ago and a 20 year reunion,held for Commerce Alumni that commenced at the University in 1985.

– A yearly barbecue for final year commercestudents is held in October each year. Thebarbecue is a great opportunity for students that are about to leave the University to hearabout the Alumni Society, with members of the UMCAS committee on hand to answerquestions.

– UMCAS held the annual general meeting in the Woodward Centre on 28 July and featuredGrants Commissioner and former DeanProfessor Ross Williams as the keynote speaker.

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

UMCAS also provides a $2000 scholarship each year to a final year Commerce studentthrough the generous donations of alumni.Congratulations are given to Sophie Ferris (pictured above), the 2005 winner.

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

Ms Amanda StangerAlumni Advancement OfficerFaculty of Economics and Commerce7th Floor, Alan Gilbert BuildingThe University of Melbourne Victoria 3010Phone: +61 3 8344 2128E-mail: [email protected]

Various functions for alumni, friends and final year students are held throughout the year. Details appear on the www.ecom.unimelb.edu.au/business/alumni.html web site, and in theAlumni Matters. Look out for opportunities to be involved in 2006.

Steven ZigomanisPresident UMCAS

35

The year 2005 was another eventfulone for the University of MelbourneCommerce Alumni Society (UMCAS).UMCAS operates as a means forformer Commerce students to keep in contact with each other, with theFaculty, and with the wider universitycommunity. UMCAS committeemembers are elected to office andwork closely with the Faculty todevelop networks and connectionsthrough mailouts, programs andevents that are open to all Commercealumni.


Dean and Associate Deans

Dean

Professor Margaret Abernethy

Deputy Dean

Professor Ian McDonald (to December 2005)

Professor Bruce Grundy (from 2006)

Associate Dean (Graduate

Studies)

Associate Professor Greg Whitwell

Associate Dean (International)

Associate Professor Bill Harley

Associate

Dean

(Research)

Professor Guay Lim

Associate Dean

(Undergraduate Studies)

Professor William Griffiths

Department of Accounting

and Business Information

Systems

Head of Department and

Professor of Accounting

G.L. Wood Professor of

Accounting

(to January 2006)

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

Professor of Accounting and

Business Information Systems

(from February 2006)

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

Dean of Economics and

Commerce and Professor

of Accounting

ABERNETHY, MARGARET: BEcPhD LaTrobeResearch Interests: Strategy and design of control systems,management control in hospitals,costing and performancemeasurement systems inmanufacturing and serviceindustries

Professor of

Accounting

and Business

Information

Systems

FERGUSON,COLIN: BBus

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

Fitzgerald Chair of Accounting

LYON, JOHN: PhD Ohio, MFinMgmt UQ, BCom (Hons) UQResearch Interests: Empiricalmethods in accounting andfinance, earnings announcementsand the pricing of audits

People in the Faculty >36

Professor Peter McPhee, Professor MargaretAbernethy and Professor Sir Clive Granger


Associate

Professors

DAVERN,MICHAEL:BCom (Hons)Tas, PhDMinnesota

Research 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.

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

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

Senior Lecturers

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

CORAM, PAUL:BEc(Acc) Flin,GradDipEd Adel,MAcc UWA, CAResearchInterests: Audit quality,

behavioural research in assuranceand financial accounting,accounting education.

DILNUTT, ROD: BA, DipEdLaTrobe, PGradDip (ComputerScience) Monash, MBA Deakin,DBA Southern CrossResearch Interests: Knowledgemanagement, enterprise contentmanagement.

POTTER, BRAD: BCom (Hons),PhD Deakin, CPAResearch Interests: Contractingresearch, accounting for publicsector entities, internationalfinancial reporting, the develop-ment of financial reportingregulation.

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

DOWLING, CARLIN: BCom (Hons)TasResearch Interests: The effect oforganisational factors on decision-aid use; the impact of informationtechnologies on organisational andindividual behaviour, accountingeducation.

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.

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

HRONSKY, JANE: BBus, MCom(Hons), PGradDipBus 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.

LIM, NENA: PhD (Info Sys), UQ,MSci (Comp Info Sys) GeorgiaState USA, MArts (Ac & Fin),Lancaster UKResearch Interests: Electroniccommerce, technology andinnovation.

MEHTA, MANJARI: PhD (MgmtInfo Sys) University of Houston,MScTech (IS) BITS, India (fromJuly)Research Interests: Managementof IS, information systems,organizational impacts.

PAN, GARY: BBA NU Singapore,MPhil (IS) Manchester, PhD (IS)Manchester (from July)Research Interests: Projectmanagement, escalation theory,dynamic capability development,enterprise systems and manage-ment information systems.

PARKES, ALISON: BCom W’gong,MBS (Hons) MasseyResearch Interests: Decisionsupport, reliance measurement.

THOMSON, GENEVIEVE: BA,BBus Bendigo, MBA Deakin, PhD,CPAResearch Interests: Strategy anddesign of management controlsystems, performance measure-ment in knowledge creation firms.

VASSALLO, PETER: BAppSci,BArch Canberra, MCom SydResearch Interests: Corporategovernance, real investments,financial statement analysis,financial choice.

Teaching Scholars

BOYS, NOEL: BBus RMIT,GradDipEd HawInst, GradDipEd

LINGGO LIONG, JOANA: BCom

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

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, DFinMgmtNew England, PhD CaliforniaResearch Interests: Financialstatement analysis and equitysecurity valuation and theestimation of the expected rate of return on equity investments.

37


38

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

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-Commerce relation-ships, risk analysis in supplychains.

Principal Fellows

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

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

BURROWS, GEOFFREY: MCom,DipEd, FCPA

Senior Fellows

ALFREDSON, KEITH: BCom Qld

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

Fellows

LESLIE, STEWART: BCom, FCA

POUND, HAYDN: BBus MBADeakin CPA

Professional Staff

ANDERSON, SHERRYL: MBADeakin, MCom Law DeakinPosition: Department Manager

BERNARDE, RENATA: BCom (toJuly)Position: Research AdministrativeOfficer

CROSER, REBECCA: BDesUSthAust, GradDipArtsPosition: Student Administrator

DECOLONGON, JENNIFER:DipDramArts VCA BA (Hons) (fromOctober)Position: Research AdministrativeOfficer

KING, CHRISTINE: BCA Deakin(from October)Position: Front Office Administrator

KOVACEVIC, NATASHA: BBusRMITPosition: Budget & ResourcesOfficer

MCGRATH, JAMESPosition: Software Engineer

MCNAMARA, KERRYPosition: Front Office Administrator

MUIR, LORISPosition: Personal Assistant toHead of Department

PEDLEY, SARAH: BA (Hons),DipItal (Teaching) PerugiaPosition: Student Administrator

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

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

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, program andpolicy evaluation and design,Australian Economic history.

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, infra-structure pricing and investment.

McDONALD, IAN: BA (Hons) Leic,MA Warw, PhD SFraser, FASSAResearch Interests: Macro-economics, labour economics.

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

Truby Williams Professor

of Economics

CREEDY, JOHN: BSc Brist, BPhilOxf, 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 ofequations, finite sample inferencefor nonlinear functions of para-meters, and model selection.

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

Professorial Fellow

LIM, GUAY: MEc Adel, PhD ANUResearch Interests: Modelling thebehaviour of exchange rates, riskand volatility, estimating optionpricing models, financialeconometrics, internationalmonetary economics.

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: Macro-economics, industrial economics,Marxian economics, regionaleconomics.

GANGADHARAN, LATA: BA HinduCollege, MA Delhi School of Eco,PhD SCalifResearch Interests: Environmentaleconomics, experimental econ-omics, applied econometrics,applied microeconomics.


39

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.

HIRSCHBERG, JOSEPH: MA Calif,PhD, SCalifResearch Interests: Electricitydemand/rates, labour discrim-ination, demand analysis, clusteranalysis.

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

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-Ostructure of internationalcommodity markets.

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

NORMAN, NEVILLE: BCom (Hons)MA, Melb, 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, PhDLaTrobeResearch Interests: Macro-economics, applied econometrics.

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

Senior Lecturers

DE FONTENAY, CATHERINE: BA (Hons) McGill, PhD StanfordResearch Interests: Developmenteconomics, industrial organisation,theoretical and empirical bargainingtheory.

HARDING, DON: MEc ANU PhDYaleResearch Interests:Macroeconomics.

HILLBERRY, RUSSELL: BSMinnesota PhD IndianaResearch Interests: Economicgeography, international trade

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

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.

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

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

STACHURSKI, JOHN: MA Tokyo,BA PhD MelbResearch Interests: Stochasticdynamics (stability, estimation,optimization development andgrowth, statistical learning theory).

STEMP, PETER: BA (Hons), PhD ANUResearch Interests: Macro-economics, monetary economics,economic policy issues, financialeconomics.

WILLIAMS, JENNY: BEc ANU,MEc PhD RiceResearch Interests: Micro-econometrics, health economics.

Lecturers and Research Staff

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

CLARKE, ANDREW: BA MEcUniversity of Sydney, PhDMcMasterResearch Interests: Laboureconomics, macroeconomics,econometrics.

COELLI, MICHAEL: BCom (Hons)NSW, MA PhD, British ColumbiaResearch Interests: Laboureconomics, applied microecono-metrics, public economics,education economics.

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

LI, SHUNYUN (MAY): BS MARenmin, MS PhD Texas at AustinResearch Interests: Macro-economic implications of financialfrictions, business cycle modelling,monetary policy transmissionmechanism, venture capital,contract theory.

JACOBI, LIANA: DipEco Otto-Friedrich, MA St LouisResearch Interests: Econometrics,applied econometrics, laboureconomics, macro and monetryeconomics.

UREN, LAWRENCE: BEc (Hons)ANUResearch Interests: Macro-economics, labour economics.


CORDEN, WARNER MAX: BEc,PhD LSE FASSA


GANS, JOSHUA: BEc Qld, PhDStanford

WILLIAMS, PHILIP: MEc MonashPhD LSE

Principal Fellows

IRONMONGER, DUNCAN: MCom,PhD Camb

JENNINGS, VICTOR: BEng, OBE

NIEUWENHUYSEN, JOHN: MANatal, PhD London, FASSA

Senior Fellows

CHOE, HYUNCHA: BS MS SeoulPhD Purdue

HAQUE, OHIDUL: BSc MScRajshahi PhD Syd

MITRA, SIDDHARTHA: PHDMaryland

MOORE, TIM: Turning Point Drug and Alcohol Centre

WILLIAMS, LYNNE: BA, MA, MSc LSE, PhD Monash

Fellows

HARPER, MARGORIE: MA

JAFFER, SUE: BSc, MA

JONES, ANNA: BA, MEc

KATES, STEVEN: BA Toronto, MAWestern Ontario, PhD La Trobe

MORRIS, GAYLE: Med GlasgowPhD

MORRIS, NICK: MA (Hons), MPhilOxford

PORTER, MICHAEL: BEc (Hons)Adelaide PhD Stanford

SHIVELY, GERALD: BA, MABoston PhD Wisconsin-Madison

TERRILL, DANIEL: BA, PhD

Professors Emeritus

LLOYD, PETER: MA Vic NZ, PhDDuke, FASSA

PERKINS, JAMES: MA, PhDCamb, MCom FASSA

Professional Staff

MILLERICK, CHERIE: BA SydPosition: Department Manager

BANFORD, ALISONPosition: Manager, AcademicSupport Services

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

DEGENHARDT, SUZANNE: BEd Position: 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, GradDip (IT) SwinPosition: Web DevelopmentOfficer

LOCHRAN, MARGARETPosition: Department Web PageAdministrative Support

LOMBARDO, ROSEMARYPosition: Front Office Supervisor

PHILIP, PREETA: MBA SpicerPosition: Departmental FinancialManager

SCHERER, HEIDI: AssDipBusHomesglenPosition: Academic SupportServices Officer

VANCUYLENBURG, SANJEEVA:DipTech (Computing) HomesglenPosition: Web and SystemsSupport Officer

MACKINNON, LESLEY: RN, RMNNPC, DipSocSci (Welfare),BHealthSci (Nursing PostRegistration)Position: Administrative SupportOfficer, Distance Education

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

Centre for Actuarial Studies

Director and Professor of

Actuarial Studies

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

Professorial Fellow

DUFRESNE, DANIEL: BSc (Hons)Montreal, PhD London, FSAResearch Interests: Financialmathematics, actuarial science and probability.

Associate Professor

JOSHI, MARK: BA (Hons) Oxford,PhD MITResearch Interests: Financialmathematics

Senior Lecturers

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

LI, SHUANMING: BSc Tianjin, MEcRenmin, PhD ConcordiaResearch Interests: Risk and ruintheory, stochastic modelling ininsurance and finance, actuarialscience.

PITT, DAVID: BEc, BSc Macquarie,PhD ANU, FIAAResearch Interests: Analysis of disability income insuranceportfolios, stochastic modelling in actuarial science.

Lecturer

WU, XUEYUAN: BS, MS NankaiUniversity China, PhD Hong KongResearch Interests: Risk and ruintheory.

Professorial Associate

TAYLOR, GREG: BA, PhD, FIA,FIAA, FIMA, CMath, AOResearch Interests: Modelling ingeneral insurance.

Honorary Senior Fellows

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

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

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

40


41

Department of Finance


Professor of Finance

(to December 2005) BROWN, ROB: MEc Syd, FCPA, F FinResearch Interests: Interest rateswaps, management and regulationof financial intermediaries.

(from January 2006) KOFMAN, PAUL: MEc, PhDErasmusResearch Interests: Price discoveryin regulated financial markets,extreme value analysis andfinancial applications, insurancerate making.

Deputy Head

of Department

and Associate

Professor

BROWN,CHRISTINE:MSc, DipEd,PhD

Research 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.

Commonwealth Bank Group

Professor of Finance

DAVIS, KEVIN: BEc (Hons) Flin,MEc ANU, F Fin, FFTPResearch Interests: Financialinstitutions management, treasury management, financialengineering, corporate financialpolicy, financial markets.

Professors of Finance

GRUNDY, BRUCE: BCom (Hons)Qld, PhD ChicResearch Interests: Corporategovernance, the valuation andexercise of real options and thefunds management industry.

WHEATLEY, SIMON: MA (Hons)Aberdeen, MA S. Fraser, PhDRochesterResearch Interests: Investments,international finance.

Associate Professors

CHAN, HOWARD: BCom (Hons)Melb, MEc, PhD Monash, CPAResearch Interests: Asset pricing,funds management, marketefficiency and the role of financialanalysts in financial markets.

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

LAMBA, ASJEET: BA (Hons) Delhi,MBA Mich, PhD Wash, CFAResearch Interests: Marketstructure, liquidity and efficiency,Australasian markets, valuation,insider trading.

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

SCHWANN, GREG: BA (Hons)Queens, MA (Ec), PhD BritishColumbiaResearch Interests: Real estatefinance, real estate economics, real estate backed derivatives.

Senior Lecturers

PINDER, SEAN: BCom (Hons)Monash, PhD Newc, SA FinResearch Interests: Issues relatingto the valuation of derivativesecurities and the analysis ofcorporate financial decision-making.

SCHEULE, HARALD: DipKfm, Dr rer pol RegensburgResearch Interests: Financial riskmeasurement and management.

SHEKHAR, CHANDER: BS Pujab,MS Virginia, PhD Penn StateResearch Interest: Corporatefinance.

Lecturers

BROWN, RAYNA: BA Macq,MCom (Hons), PhD Melb, SA FinResearch Interests: Managementof financial intermediaries,regulation, measurement ofefficiency.

BUCHANAN, BONNIE: BSc (Hons)NSW, MAppSc RMIT, PhD GeorgiaResearch Interests: Corporategovernance, financial fraud, lawand economics.

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

COLEMAN, LES: BEng (Hons)Melb, BSc (Econ)( Hons) London,MEc Syd, 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: Industrialorganization, 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), PhDResearch Interests: Asset pricingand consumption, term structureof interest rates.

O’CONNOR, IAN: BBus Chisholm,MBus RMIT, PhD, CPA, SA FinResearch lnterests: Bankefficiency, derivative securities,volatility forecasting.

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

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

Tutors

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

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

Research Assistant

TANG, WILLIAM: BCom, GradDip(Data Processing) MonashResearch Interests: e-Solutions tobusiness enterprise and academicresearch.


42

Senior Fellows

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

INGWERSEN, MICHAEL: BEcMonash, MBA

Fellows

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

HART, KEITH: BSc (Hons) Sussex,MSc PhD Vic

ROBERTSON, DAVID: BA (Eco),LLM

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

Visiting Academics

BROWN, STEPHEN: BEc Monash,MBA, PhD Chicago

LOEB, DAVID S: Professor ofFinance, Leonard Stern School ofBusiness, New York University,New York, NY, USAResearch Interests: Empiricalfinance, asset pricing theory,performance measurement,Japanese equity markets.

KESTER, GEORGE: BBA WakeForest, MBA UNC, DBA DardenMartel Professor of BusinessAdministration / Finance, WilliamsSchool of Commerce, Economicsand Politics, Washington and LeeUniversity, Lexington, Virginia, USAResearch Interests: Appliedcorporate finance.

STAPLETON, RICHARD: BA (Hons)Sheffield, BA (Mathematics) OpenUK, PhD SheffieldProfessor of Finance, ManchesterBusiness School, Manchester, UKResearch Interests: Interest ratemodels and the pricing of interestrate derivatives, portfolio theorygiven background risk, optionpricing theory and techniques.

SUBRAHMANYAM, MARTI: BTechIIT, PGDBA IIM, PhD MITCharles E. Merrill Professor ofFinance, Leonard Stern School ofBusiness, New York University,New York, NY, USAResearch Interests: Corporatefinance, market microstructure,derivatives.

Professional Staff

KREITNER, JASON: BA NM State,MPA, JD South DakotaPosition: Department Manager

BARBEROGLOU, SILVIAPosition: Academic Liaison Officer

CAREY, ROBIN: BSc (Econ), MA(Econ) UC – RiversidePosition: Executive Assistant & Financial Services Officer

DALVEAN, JO: BAppSc MonashPosition: IT Manager

DIXON, HELENPosition: Student Services Officer

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

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

VELLA, JULIEANNE: Position: Administrative Assistant

Department of

Management

Professor and Head of

Department

(to December 2005)MERRETT, DAVID: BEc (Hons),MEc MonashResearch Interests: International-isation of Australian firms,evolution of ‘big business’ inAustralia, headquarter-subsidiaryrelations in multinationals, principal-agent issues within firms.

(from January 2006)ZAMMUTO, RAYMOND: PhDIllinoisResearch Interests: Organisationaladaptability to changing industryconditions.

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.

SAMSON, DANNY: BE (Chem)UNSW, PhD AGSM, UNSWResearch Interests: Businesscompetitiveness drivers,operations strategy, riskmanagement, sustainabledevelopment, e-business, decisionmaking under uncertainty.

Associate Professor and Reader

BENSON, JOHN: BEc, MEdMonash, MA, PhDResearch Interests: HRM HRM/employment relations in Japan and China, Japanese manage-ment, trade unions, enterpriserestructuring and outsourcing,employee commitment,knowledge workers.

Associate Professors

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, precarious employment,trade unions.

HARZING, ANNE-WIL: BAHogeschool Enschede, MAMaastricht, PhD BradfordResearch Interests: HQ-subsidiaryrelations, international HRM, cross-cultural management, the role oflanguage in international business,the impact of culture on studentlearning styles.

LUKAS, BRYAN: MBA Nebraska,PhD MemphisResearch Interests: 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 and managementtheory, qualitative researchmethods, evolutionary psychology,sociology of work and organis-ations.


TERZIOVSKI, MILE: BE (Hons), ME (Hons) W’gon), MBA RMIT,PhDResearch Interests: Operationmanagement, quality manage-ment, value of ISO 9000 and ISO14000 certification, continuousimprovement and innovationmanagement, e-commerce – Euro-Australian collaboration inSMEs, organisational performance,International best practice,reengineering.

WHITWELL, GREGORY: BEcMonash, PhDResearch Interests: Environmentaluncertainty, the marketing/financeinterface, the role of real optionsthinking in marketing strategy,marketing’s contribution tobusiness strategy and the role of intangible marketing assets,international marketing, especiallyexporting, understanding customerneeds through techniques such as ZMET, social capital and itsrelevance to marketing activities,electronic marketing.

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.

Senior Lecturers

BEVERLAND, MICHAEL: BCom,DipCom, MCom (Hons) Auckland,PhD Bus and Man Univ SAResearch Interests: Values-basedbranding, brand management over the long run, luxury branding,the marketing of authenticity,relationship transformation andtrajectories over time (bothbusiness-to-business and business-to-consumer), implementingmarketing programs, howconsumers respond to designaesthetics, value creatingprocesses in industrial firms.

BROWN, MICHELLE: BCom(Hons), MA, PhD WisconsinResearch Interests: Humanresource management/industrialrelations, pay systems –performance based pay and its implications for employees,unions and organisations,employee participation and itsconsequences.

CREGAN, CHRISTINA: BA Leeds,DipEd Oxford, MSc, PhD (LSE)Research 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 (Illinois)Research Interests: Managingexpatriate employees, careerissues, and the employee-employer relationships. Teachinginterests include human resourcemanagement, compensation, and international management.

MOOSA, SHARAFALI: BSc, MScMadras, PhD NUS and 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 andsocial history of China, 19th and20th centuries, the history ofmanagement and organisation in China in the 20th century,anthropometric history of Chinaand Taiwan (stature, health andnutrition).

NAPOLI, JULIE: BBus (Hons)MCom (Marketing) Curtin, PhDMonashResearch Interests: Creating andmanaging brand meaning, brandmanagement across contexts andcultures, brand orientation andperformance, music effects inadvertisting and marketing.

POWER, DAMIEN: BBus, MBus,PhD Monash, CFPIMResearch Interests: Business tobusiness e-commerce, supplychain systems/virtual integration,business process redesign,operations strategy.

43


44

SARGENT, LEISA: BA, MOrgPsychQld, PhD TorontoResearch Interests: The effects ofjob changes on identity and careerrelated outcomes, stress andstress management strategies,team interventions and teameffectiveness.

WATERS, LEA: BA (Hons), PhDDeakinResearch Interests: Thepsychological consequences of unemployment and retrench-ment, training and developmentprograms for unemployed people,occupational stress, work-familyconflict, mentoring.

ZALAN, TATIANA: BEd (Hons)Moscow, MBA Adelaide, PhD,South AustraliaResearch Interests: Failure of firms in international markets,International diversification andfirm performance, internationalcompetitiveness of firms fromsmaller economies, knowledgemanagement in multinational firms.

Lecturers

BARSKY, ADAM: BA (Psychologyand Sociology) Wisconsin-Madison,Masters in I/O Psychology, PhDTulaneResearch Interests: Social issues in management, business ethics,workplace fairness, discrimination,job related effects and workstress, personality and well being,research methodology andstatistics.

BOVE, LILIANA: BAgSci (Hons)LaTrobe, BBus (Marketing) RMIT,PhD MonashResearch Interests: Servicesmarketing, relationship marketing,customer loyalty, customercitizenship behaviour.

BRATTON, VIRGINIA: BAMoorhead, MA Florida, 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 view andcapabilities, strategic orientation.

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

FRAHM, JENNIFER: BBusCommunication (Hons) PhD QUTResearch Interests: Organisationalchange and development,organisational communication,workplace communication,employees experience of change,innovation, strategic change,process researchmethods, mixedmethodology.

GUNAWARDANA, SAMANTHI:BCom (Hons)Research Interests: Asian labourstudies and industrial relations,human resource management,export processing zones, gender,labor and the working class,ethnographic research methods.

HANNA, VICTORIA: B Eng (Hons)Sheff, PhD LboroResearch Interests: Small firminnovation, operations manage-ment – applications in health care.

LIM, ELISON: BBA (Hons), PhDNUS Business School SingaporeResearch Interests: Informationprocessing, language effects inadvertising, cross-culturalconsumer differences, behaviouraldecision theory.

MAGUIRE, CATHERINE: BCom(Hons) PhD CandidateResearch Interests: Strategichuman resource management; high performance work systems;managing intellectual capital;strategic and operational outcomes,alternative work arrangements;flexible and knowledge-basedwork; information technology;networked organisations:collaborative ties across geographicboundaries; communication;organisational justice and trust;collaboration and performance foryoung high-tech organisations;absenteeism and turnover.

METZ, ISABEL: BSc South Africa,MBA, PhD Monash.Research 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.

MOL, JOERI: MSc Erasmus PhDGroningenResearch Interests: Strategicmanagement, organisational and institutional change,entrepreneurship and innovationand industrial organisation.

NAGPAL, ANISH: MSc (Hons) Eco BITS Pilani PhD (Marketing)HoustonResearch Interests: Impact of taskframes and information frames ondecision making, interferenceeffects in advertising, healthdecision making.

NEVILLE, BEN: PhD (Marketing)

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: Resource-based view, capabilities strategies,market orientation, strategicmanagement, strategic marketing,consumer behaviour, environ-mental 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: HonDEconMonash, BA, BCom, HonDCom,FASSA, PhD Lond, LLD HonorisCausa Macquarie Research Interests: Labour marketinstitutions, industrial relations,wages policy, small business


45

Professional Staff

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

BISHOP, LIZA: BBus Mgt PendingRMITPosition: Executive Assistant /Acting Undergraduate Coordinator

BROWN, OLGA Position: Front Office Administrator

COX, MARY: A.L.A.A.Position: Administration ServicesManager

GILBERT, KERRIE Position: Executive Assistant

GLASS, BERNARD: BA Position: Front Office Administrator

HALL, BRADLEY Position: Budgets and ResourcesAdministrator

HEDDLE, NICOLE: AdvDip(Photography) ChchPosition: Front Office Administrator/ Acting Undergraduate Coordinator

JENKINS, RACHEL: GradCertBusSwinPosition: UndergraduateCoordinator

KENTON, SUSAN: BA, DipEd, BEdLaTrobePosition: Postgraduate Coordinator

KLAUS, MICHAELPosition: System Administrator

McCORMICK, CHRISSYPosition: Front Office Administrator

NUGENT, EMILY: BA Positon: Front Office Administrator

PALMER, KIRSTI: BA, BMusPosition: UndergraduateCoordinator

PEARDON, PRUDENCE: BApScTourism Mgt RMITPosition: Front Office Administrator

PHAM, MAGGIE: BBusComp VUTPosition: Information SystemsManager

PHAN, VAN: BSc VUTPosition: Software Developer /Acting IS Manager

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

TELFER, ELIZABETHPosition: Budgets and ResourcesAdministrator

TRUONG, LINH: BSc, BEng,Security Analyst, CIWPosition: System Administrator /Acting IS Manager

Melbourne Institute of

Applied Economic and

Social Research

Director

FREEBAIRN, JOHN: MAgEc NEPhD Davis FASSAResearch interests: Taxationreform, labour economics,especially employment, infra-structure pricing and investment,and microeconomic reform.

Deputy Director and Professorial

Fellow

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

Director, Applied

Macroeconomics Research

Program and Professorial

Research Fellow

LIM, GUAY : BEc, MEc, PhD ANUResearch interests: Modelling theAustralian economy, macro-econometrics, exchange rates.

Director, Labour Economics

and Social Policy Research

Program and Professorial

Research Fellow

MAVROMARAS, KOSTAS: BSc(Hons), DPhil York Research interests: Labourmarkets, econometrics, socialpolicy and health economics.

Professorial Fellow

SCOTT, ANTHONY: BA (Hons)Newcastle, MSc York, PhDAberdeenResearch Interests: Healtheconomics – organisation andfinancing of health care, labourmarkets of health careprofessionals.

Principal Research Fellows

GUYONNE, KALB: MEc Erasmus,PhD MonashResearch interests: Appliedmicroeconom(etr)ics in particular,labour and household econom-(etr)ics, social policy issues,microsimulation modelling.

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

WEBSTER, ELIZABETH: BEc(Hons), MEc Monash, PhD CambResearch interests: Industrialeconomics, innovation andintellectual property, labourmarkets.

Senior Research Fellows

WILKINS, ROGER: BCom (Hons),MCom, MSc Wisc, PhD Research interests: LabourEconomics, income inequality and poverty, microeconomics,applied microeconometrics.

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

Research Fellows

BUDDELMEYER, HIELKE: MScVrije/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.

DAVERN, MELAINE: BSc (Hons)Melb/Deakin, PhD DeakinPosition: HILDA Survey Analyst

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

GOODE, ALISON: BA (Hons)Newcastle Upon Tyne, MScAberdeenPosition: HILDA Survey Analyst

HARDING, GLENYS: BEc ANU,GradDipEc Position: Database Manager and Analyst


46

JENSEN, PAUL: BEc Syd, PhDUNSWResearch interests: Micro-economic reform, industrialorganisation, intellectual property.

LEAHY, ANNE: BComGradCertClassicsPosition: Survey Data Analyst

OGUZOGLU, UMUT: MA, PhDGuelphResearch Interests: Dynamic panel data models, spatial panels,empirical likelihood.

PALANGKARAYA, ALFONS: BScUMo, MA Penn St, PhD Ore StResearch interests: Industrialorganisation, health economics,econometrics.

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

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

TSENG, YI-PING: BEc Taiwan, PhD ANUResearch interests: Laboureconomics, applied microeconom-etrics, economic and social policy.

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

WATSON, NICOLE: BSc UWA,GradDipMgtSc Canb, MMedStatNewcastlePosition: Survey Manager – HILDA

WITT, JULIA: HonBA Toronto, MA, PhD GuelphResearch Interests: Healtheconomics, microeconomics.

Research Officers

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

VU, THI HONG HA: BEcNewcastle (Hons), ANUResearch interests: Macro-economics, applied econometrics,social policies and welfareeconomics.

WARREN, DIANA: BCom, MCom(Hons) W’gongResearch interests: Laboureconomics, mature age labourforce and the transition toretirement.

Research Assistant

WARE, KERRY

Professional Staff

DERHAM, RACHEL: BScPosition: Business Manager

HOPE, PENELOPE: BA LaTrobePosition: Functions Manager

LENTINI, NELLIE: BA MonashPosition: Publications Manager

BOWDEN, CHRIS: BA/BScMonash, MCom DeakinPosition: Finance Officer

LIEW, WOEI TIAN: BSc, MScLaTroben GradDipEcPosition: Computing SystemsOfficer

A’BELL, LAURA Position: Communications andPublicity Coordinator

MCLEAN, HEIDI: BA (Hons) UTas,MComPosition: Executive Assistant to the Director

BARRON, DUANEPosition: Administrative Assistant,HILDA

BEST, MICHELLE: BEnvSc LaTrobePosition: Administrative Assistant

QIN, ROSY: BCom, DipEdPosition: Administrative Assistant

Adjunct Professors

BORLAND, JEFF: MA, PhD YaleFASSAHead, Department of Economics,The University of MelbourneResearch interests: Operation of labour markets in Australia,theories of labour markets activity,economics of sport.

CREEDY, JOHN: BSc (Eco withStats) Brist, BPhil (Eco) Oxf,FASSATruby Williams Chair of Economics,Department of Economics, The University of MelbourneResearch interests: Incomedistribution, public economics,labour economics, history ofeconomic analysis.

GRIFFITHS, BILL: BAgEc (Hons)UNE, PhD Illinois, FASSAProfessor of Econometrics,Department of Economics, The University of MelbourneResearch Interests: Markov chainmonte carlo techniques, imposinginequality constraints in systems ofequations, finite sample inferencefor nonlinear functions of para-meters, and model selection.

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.

DRAGO, ROBERT: BS Tulsa, MA,PhD 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 Syd, FASSAResearch 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, MScEc,PhD 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 OxfResearch interests: Themeasurement and dating of thebusiness cycle, and the economichistory of Australia.

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

SHIELDS, MICHAEL: BA (Hons),Stafford, MSc Health UNY, PhDLeicAssociate Professor and Reader,Department of Economics, The University of MelbourneResearch Interests: Economics ofimmigration, economics of labourmarket discrimination, labourmarket for medical professions.

Senior Fellows

DOIRON, DENISE: BA Monc, MA,PhD UBCSenior Lecturer, University of NewSouth WalesResearch interests: Industrialrelations and bargaining theory,labour economics and labour andsocial policy.

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

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

Faculty Secretariat

General Manager

DIXON, SUZANNE: BCom, DipEdHawthorn Institute, MBA VUT

Professional Staff

ALDRIDGE, DAVID: BSc(Hons),PhDPosition: Faculty IT Manager

AIR, ALISTER: BAppSc(Information), MIT UTSPosition: Faculty IT Manager

AYRES, ANDREW: BEng (SoftwareEng)Position: Desktop Support Officer

BANKI, JACQUELINE:DipAdvMgmt (Prof Writing), BAMonashPosition: Executive Officer(Marketing)

BANYASZ, AGNES: MA, DipEdELTE Budapest, GradDip (Careers)DeakinPosition: Careers ManagementConsultant

BELFORD, DOUG: BAppSc SwinPosition: Systems Administrator

BENJAMIN, GLYN: BDigSys(Comp Sci), MIT, MonashPosition: Desktop Support Officer

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

CHOONG, EDDIE: BBusStud VUCPAPosition: Executive Officer(International Programs)

COLLIS, STEPHENPosition: Manager, ProfessionalPrograms

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

DELBRIDGE, ANNABELLE: BALaTrobe, Grad Cert HRM, TAFEPosition: Administrative Assistant(Professional Programs)

DO, NGHIA: BElectEng RMITPosition: Computer SystemsOfficer

EDWARDS, LARISA: BBus SwinPosition: Student Adviser andSpecial Projects

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

FELDTMANN, AMY: BA (PublicRels) RMITPosition: Executive Officer(Schools Liaison)

FITZGERALD, GERALDINE: BA(Hum&SocSci) LaTrobePosition: Student Advisor/Admin-istrative Assistant Undergraduate

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

GILLEARD, RACHEL: BAPosition: Executive Officer(Undergraduate)

HAMILTON, AMANDA: BA DeakinPosition: Enquiries Officer

HERCZEG, MARGARET: BCom(Writing & Contemp Cultures), USPosition: Application Officer(Professional Programs)

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

JENKINS, ALISON Position: MBIT ProgramCoordinator

JENZEN, RACHEL: BA (Hons), MAPosition: Administrative Officer(Professional Programs)

JOSE, SABINAPosition: Co-ordinator MACPrograms

JOVANOVSKI, SOKOLAPosition: Administrative Officer(International)

KARIBIAN, ROCIO: Translating & Interpreting Cert, RMITPosition: Executive Officer(International Programs)

KARTALIS, BILL: BBus, VUTPosition: IT Resources Manager

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

47


KWOK, TRACY: BBus Swin, CPAPosition: Executive Officer(Finance)

LASCELLES, SCOTT: BBus,LaTrobePosition: Administrative Officer(MBIT Programs)

LAUGHLIN, KYLIE: BA, PGradDip(Criminology)Position: Student Liaison Officer

LLOYD, AMANDA: BBus VUTPosition: Systems Support Officer

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

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

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

MONG, CATHERINE: BBus(Singapore), GradDipSoftwareDevRMITPosition: Course Adviser

MUIR, SUE: BEd, SouthernQueensland, GradCert TESOL,New England, NSWPosition: Student Adviser

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

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

NUSKE, CARLENE: BA,PGradDipCommunications UniSAPostition: Community RelationsOfficer

PECORARO, FRANCESCA: BA(Media Studies) RMITPosition: Manager, Undergraduate

PELUSO, DANIEL: BBus (InfoSystems) VUTPosition: Desktop Support Officer

PHAM, QUYNHPosition: Systems Support Officer

PRIESTLEY, CHRISTINE: BAPosition: Course Adviser

RITTER, ANNEPosition: Database Support Officer

ROBERTSON, KATE: DipSocSci(Justice), DipAppSc Box Hill InstPosition: Student Adviser

RODRIGUEZ, FERNANDO: DipIT,Box Hill TAFE, MCPPosition: Desktop Support Officer

RYCROFT, ANNA: BA VUPosition: Accounts ProcessingOfficer

SERPELL, ELIZABETH: Position: Executive Assistant to the General Manager

SHARMA, SANJAY: MSc (India),PGradDipCompSysEng’g RMITPosition: Web Developer

SHEARS, MONIQUEPosition: Student Support Officer,Undergraduate

SHEPHERD, ALISTAIR: BA (Hons),MAPosition: Executive Officer(Postgraduate Marketing)

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

SIVATHASH, BALA: MSc (UK),BEng (India), MCSEPosition: Systems Support Officer

SOMMERVILLE, JENNY: BBus,MBus Leadership, RMITPosition: Manager (Research)

STANGER, AMANDA: BBusMgmt,QUTPosition: Alumni AdvancementOfficer

TAN, MICHAELPosition: Porter

TINWORTH, KOBYPosition: Executive Assistant to the General Manager

VELLU, PHYLLIS: MA (India)Position: Executive Assistant to the Dean

WHITE, SAM: CertSmallBusMgmt,Melbourne (Glenormiston)Position: Enquiries Officer(Professional Programs)

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

Teaching and Learning Unit

JOHNSTON, CAROL: BCom, MEd, DEdPosition: Director

ANDONOV, PAUL: AssDipComp,BSc (MathsInfoSc) VUTPosition: Manager/ProgrammerWeb Development

BEECHAM, ROD: BA Mon, MLitOxon, MInfSys SUT, MAIPM,MACS, AFAIMPosition: Undergraduate LearningSkills Specialist

BORG, SONIAPosition: Administrative andResearch Assistant

DAVIES, MARTIN: BA, GradDipEd,BA (Hons), RSA CTEFLACambridge, PhD Flinders, PhDAdelaidePosition: Postgraduate LearningSkills Specialist

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

MORRIS, GAYLE: BA, GradDipPostSecondary Ed, MEd (Adult Edu),PhDPosition: Learning/Teaching SkillsSpecialist

PESINA, JENNY: BDes (Multimedia Design) SwinPosition: Web Developer/LearningTechnologies Support Officer

SHAW, JENNIFER: DipIT, ChisholmPosition: Administrative Assistant

WAECHTER, TREVOR: BE, MSc,PhDPosition: Maths Specialist

XUE, JUNYING (JUNE): DipIT(Holmesglen), BAgronomy (China)Position: Web programmer

Giblin Economics and

Commerce Library Staff

WILSON, TRISH: BA Canterbury,NZ, DipLIS Victoria UniversityWellingtonPosition: Team Leader, IALS –Education, Economics &Commerce, Law

ROCCHI, BARBARA : BAppSci,CurtinPosition: Information Librarian

KILMARTIN, KATHY: BA, MAMonashPosition: Information Librarian (on leave for 2006)

MORROW, CHRISTINE: BVA(Hons) Griffith, BA UQ, MA QUTPosition: Library Assistant

48



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

Publication Disclaimer: The University has used its best endeavours to ensurethe material contained in this publication was correct at the time of printing.The University gives no warranty and accepts no responsibility for the accuracyor completeness of information and the University reserves the right to makechanges without notice at any time in its absolute discretion. Users of thispublication are advised to reconcile the accuracy and currency of theinformation provided with the relevant faculty or department of the Universitybefore acting upon or in consideration of the information. Copyright in thispublication is owned by the University and no part of it may be reproducedwithout the permission of the University.Authorised by the General ManagerPublished by the Faculty of Economics and Commerce, April 2006© The University of Melbourne


Documents

2005 Annual Report FBE