Earnings management in response to the introduction of the Australian gold tax

Earnings from gold mining in Australia remained tax-exempt for almost seven decades until January 1, 1991. In the early 1980s, rapid economic prosperity induced by escalated gold prices brought the Australian gold-mining industry under intense political scrutiny. Using a variant of the modified Jones model, this paper provides evidence of significant downward earnings management by Australian gold-mining firms, which is consistent with their attempts to mitigate political costs during the period from June 1985 to May 1988. In contrast, test of earnings management over a similar period in a control sample of Canadian gold-mining firms produced insignificant results. Further, empirical results are robust to several sensitivity tests performed. During the period from June 1988 to December 1990, the Australian firms were found to have engaged in economic earnings management. This is consistent with the sample firms' incentive of maximizing economic earnings immediately prior to the introduction of income tax on gold mining. The findings of this study help to understand the impact of earnings management on the efficient resource allocation in an economy. They also contribute toward understanding the linkage between regulation of accounting for special purposes and general-purpose financial. reporting.

Geographic parthenogenesis in the Australian arid zone: II. Climatic analysis of orthopteroid insects of the genera Warramaba and Sipyloidea

The Australian and zone harbours a surprising number of parthenogenetic organisms. including the well known case of the grasshopper Warramaba virgo. Less well known is the case of the stick insects of the Sipyloidea complex, which. despite its presence in the literature for over 15 years. has gone entirely unnoticed by workers in the field. We draw attention to the remarkable similarities between the evolution of parthenogenesis in Warramaba and Sipyloidea and analyse the geographic distributions of parthenogenetic and sexual forms with respect to six Climatic variables. We provide evidence that a combination of Climatic and vegetative barriers are responsible for the current distribution patterns in these taxa. Comparisons are also made with patterns of geographic parthenogenesis in lizards of the Heteronotia binoei complex. In general. there has been a strong tendency for parthenogenesis to originate via hybridization in the western part of the and zone with subsequent eastward spread throughout mulga woodlands and mallee shrublands where rainfall is both low and aseasonal. We propose that the hybridization events leading to parthenogenesis in these diverse taxa were driven by a common biogeographic process - that is, by range shifts associated with changes in aridity during the late Pleistocene.

Size and book to market effects and the Fama French three factor asset pricing model: Evidence from the Australian stockmarket

The present study adds to the sparse published Australian literature on the size effect, the book to market (BM) effect and the ability of the Fama French three factor model to account for these effects and to improve on the asset pricing ability of the Capital Asset Pricing Model (CAPM). The present study extends the 1981–1991 period examined by Halliwell, Heaney and Sawicki (1999) a further 10 years to 2000 and addresses several limitations and findings of that research. In contrast to Halliwell, Heaney and Sawicki the current study finds the three factor model provides significantly improved explanatory power over the CAPM, and evidence that the BM factor plays a role in asset pricing.

The mysterious case of Carter Brown: Or, who really killed the Australian author?

Considers the exporting of intellectual property and the ways Sydney publisher Horwits Publications, author Alan Geoffrey Yates and multinational conglomerate Signet negotiated geographical and cultural boundaries to produce one of Australia's successful literary exports. Evolution of Australian paperback publishers to hardcover publishers; Details of a contract for Yates' Peter Carter Brown novels; Procedure followed in editing novels of Yates submitted to Horwitz and Signet; Marketing campaign for Signet in the U.S.; Impact of the pressure of writing deadlines on the quality of the novels.

Understanding Australia: Notes on the Australian studies vs Australian cultural studies debate

This Article does not have an abstract.

A cost-effectiveness analysis of heroin detoxification methods in the Australian National Evaluation of Pharmacotherapies for Opioid Dependence (NEPOD)

This economic evaluation was part of the Australian National Evaluation of Pharmacotherapies for Opioid Dependence (NEPOD) project. Data from four trials of heroin detoxification methods, involving 365 participants, were pooled to enable a comprehensive comparison of the cost-effectiveness of five inpatient and outpatient detoxification methods. This study took the perspective of the treatment provider in assessing resource use and costs. Two short-term outcome measures were used-achievement of an initial 7-day period of abstinence, and entry into ongoing post-detoxification treatment. The mean costs of the various detoxification methods ranged widely, from AUD $491 (buprenorphine-based outpatient); to AUD $605 for conventional outpatient; AUD $1404 for conventional inpatient; AUD $1990 for rapid detoxification under sedation; and to AUD $2689 for anaesthesia per episode. An incremental cost-effectiveness analysis was carried out using conventional outpatient detoxification as the base comparator. The buprenorphine-based outpatient detoxification method was found to be the most cost-effective method overall, and rapid opioid detoxification under sedation was the most costeffective inpatient method.

Residents' rights and nurses' ethics in the Australian nursing home

Background: This article is derived from a more extensive review of literature for a qualitative study that explored the meaning of truth-telling within the care provider-aged resident dyad in high-level (nursing home) aged care. Aim: This paper describes through the literature, work practices and the culture of the nursing home as promoting instrumental care, therefore prioritizing doing-for over being-with. The nursing home, starved of time and staff, silences and isolates the aged care resident in an environment that is, arguably, rarely homelike. Conclusion: The appraisal of the nursing home offered here means that a number of residents' rights are at risk and care providers (notably registered nurses and the personal care assistants) risk contravening the Code of Ethics for Nurses in Australia.