ANZ

About: ANZ is a other organization based out in Melbourne, Victoria, Australia. It is known for research contribution in the topics: Knightian uncertainty & Pension. The organization has 17 authors who have published 21 publications receiving 286 citations.

An inductive framework for enhancing supply chain integration

Abstract: We report the inductive development of a framework for enhancing the integration of supply chains. The framework has been motivated by the need to enhance the participation of small and medium enterprise (SME) suppliers and resellers in the supply chain. Extant diagnostics are geared towards enabling enterprises to evaluate or benchmark themselves on a self-administered rating scale in relation to their peers. In contrast, the present framework aims to enable small-sized suppliers and resellers to systematically imbibe supply chain integration practices, to the extent applicable, from their more advanced trading partners, after possibly adapting them to their own business circumstances. The broad approach has been to first conduct in-depth case study research into enterprises that excel in one or more facets of integration (customer integration, supplier integration etc.) and then induce items pertaining to various themes and sub-themes of supply chain integration. The resulting framework is thus an empir...

Small business development and gender of owner

Abstract: Reviews the entrepreneurship and small business literature in search of a basis for gender‐specific explanations of business development. Contends that small business development needs to be interpreted without resort to frameworks that exclude one gender or the other, and identifies a need for more research on how women act as owners and managers in small businesses.

Privatization, Efficiency and Intra-industry Effects: Analysis of China's Privatization

Abstract: In this study, we use both accounting and stock market data to examine the performance of privatized firms in China and that of their rivals. Consistent with our conjecture, we find that competitors reacted negatively to the privatization announcements. However, the magnitude of the abnormal returns, together with the significance level, increases as the event window widens. For example, while the rivals marginally lost 0.5% of their value on the announcement date, they lost 1.3% (3.3%) of their value during the five-day (21-day) period surrounding the privatization announcement date. The results suggest that privatization of state owned enterprises in China signalled a change in the competitive balance in the industries, since most of the rivals reacted negatively to the announcements. Analysis of the operating performance measures also shows that the privatized firms outperformed their industry counterparts in the post-privatization period. Furthermore, we examine the long-term stock market performance of the privatized firms relative to that of the industry rivals and find that the privatized firms outperformed their industry rivals only by the end of the third year after privatization. Although most of the sample firms are partially privatized, and may probably be required to meet some social objectives during the post partial privatization period, we did not find any evidence that the proportion of government ownership explains the returns of the privatized firms.

Linking Progressive and Initial Filtration Expansions

Abstract: In this article, we study progressive filtration expansions with random times. We show how semimartingale decompositions in the expanded filtration can be obtained using a natural link between progressive and initial expansions. The link is, on an intuitive level, that the two coincide after the random time. We make this idea precise and use it to establish known and new results in the case of expansion with a single random time. The methods are then extended to the multiple time case, without any restrictions on the ordering of the individual times. Finally we study the link between the expanded filtrations from the point of view of filtration shrinkage. As the main analysis progresses, we indicate how the techniques can be generalized to other types of expansions.