Ranking Research Productivity in Accounting for Asia-Pacific Universities

Using a set of 18 accounting journals and a sub-set of top five journals from 1991 to 2002, we rank the research productivity in accounting for a total of 119 Asia-Pacific universities. For the whole sampling period, the top five universities are the University of New South Wales, Hong Kong University of Science and Technology, Nanyang Technological University, the University of Sydney, and City University of Hong Kong. A number of prominent universities with long school history are not ranked in the top 20. During the second half of the sampling period, Hong Kong and Singaporean universities have shown the most improvement while some Australian universities have exhibited decline in research output. Also, Hong Kong University of Science and Technology replaces University of New South Wales as the first-ranked university in the period of 1997–2002. When compared with other North American universities, the accounting productivity of the top 20 Asia-Pacific institutions is comparable with that of leading universities in North America. The comparison is even more favorable to the Asia-Pacific universities during the period of 1997–2002.     

Strategy,Structure and Control In the Changing Corporation: A Survey-Based Investigation

Paul Marginson, Paul Edwards, Peter Armstrong and John Purcell draw on the findings of IRRU's Company Level Industrial Relations Survey to investigate the business structure, budgetary control systems and strategic orientations of large companies in the UK. Companies’ internal structure, and their systems of budgetary control, are shown to be associated with the kind of diversification strategy they are pursuing. Both external change, such as acquisition, and organic change are widespread across all types of firm as is the consequent internal reorganisation. They discuss the implications of the different strategic orientations and structural arrangements, and the rapidity of organisational change, for human resource policy. Paul Marginson and Paul Edwards are respectively Senior Lecturer and Professor of Industrial Relations at the Warwick Business School and Associate Fellow and Deputy Director of its Industrial Relations Research Unit; Peter Armstrong is Senior Lecturer in the Management School at the University of Sheffield; and John Purcell is University Lecturer in Management Studies and Fellow of Templeton College, Oxford.     

Efficient but getting wet feet: A not-entirely-frivolous note on the side-effects of growth-promoting institutions

Using data covering 38 countries across the 1965-2005 period, this paper shows that former British colonies tend to exhibit higher levels of carbon dioxide emission than other countries.     

Funktionswandel der EZB?

Die Kernaufgabe der Europ?ischen Zentralbank ist es, die Preisstabilit?t zu gew?hrleisten. Die Finanz- und Staatsschuldenkrise hat der EZB die Rolle aufgezwungen, durch Notma?nahmen die Stabilit?t der W?hrungsunion zu sichern. Ihre Unabh?ngigkeit wird zunehmend dadurch gef?hrdet, dass es in diesem Prozess zu einer Verquickung von Fiskal- und Geldpolitik kommt. W ünschenswert w?re eine Rückkehr der EZB zu ihrer alten Rolle und eine Strategie, die für einen Abbau der weltweiten und europ?ischen Ungleichgewichte sorgen k?nnte.     

Poverty effects of food price escalation: The importance of substitution effects in Mexican households

Recent food price increases reportedly caused significant numbers of households to fall into poverty, particularly in the developing world. Most research into the welfare effects of these food price changes assumes constant demand or approximates second order substitution effects. Poverty forecasts with these assumptions may overestimate or underestimate the effect of food price increases in a nation where most households consume diverse food baskets. We account for full substitution by calculating a theoretically consistent food demand system, accounting for household responses to food price changes by decreasing some food purchases and increasing other food purchases. We use Mexican data to confirm the mitigation of adverse welfare effects from food price increases after accounting for country-specific dietary preferences in modeling demand. In comparison to previous literature, our welfare measures predict theoretically consistent numbers of Mexican households entering poverty due to recent food price changes.     

The Displacement Effect of Public Pensions on the Accumulation of Financial Assets*

The generosity of public pensions may depress private savings and provide incentives to retire early. While there is plenty of evidence supporting the latter effect, there remains considerable controversy over whether public pensions crowd out private savings. This paper uses international micro‐data sets collected over recent years to investigate whether public pensions displace private savings. The identification strategy relies not only on cross‐country differences in generosity but also on differences in the progressivity or non‐linearity of pension formulas across countries. We estimate that an extra dollar of pension wealth depresses accumulated financial assets around the time of retirement by 22 cents. An extra 10,000 dollars in public pension wealth reduces the average retirement age by roughly one month, which implies an elasticity of years of retirement with respect to pension wealth of 0.15.