Quantification issues in corporate valuation, the cost of capital, and optimal capital structure. An estimate of the firm's cost of capital is probably the most important calculation required in corporate finance. It is used as the discount rate in valuation and capital budgeting decisions and forms the basis of pricing structures for many regulated industries. Corporate finance theory has identified the key inputs used to calculate the cost of capital, but the current literature falls short o ....Quantification issues in corporate valuation, the cost of capital, and optimal capital structure. An estimate of the firm's cost of capital is probably the most important calculation required in corporate finance. It is used as the discount rate in valuation and capital budgeting decisions and forms the basis of pricing structures for many regulated industries. Corporate finance theory has identified the key inputs used to calculate the cost of capital, but the current literature falls short of precisely quantifying and measuring many of these inputs. The outcomes from this project will be a framework to quantify three key aspects of the cost of capital - the value of dividend imputation tax credits, the assessment of the optimal capital structure for the firm (in particular, the quantification of bankruptcy and agency costs associated with debt financing), and the estimation of the firm's marginal tax rate.Read moreRead less
Institutional Governance Systems and Sustainability: The Transformation of Resource Industries in the United States and Australia 1974-2004. Variations in industry performance within and across nations has resulted in renewed interest in the institutional governance systems that generate national competitive advantage and innovation. There has also been an increased focus on the impact of sustainability and environmental costs on corporations. The significance of this project to the nation and t ....Institutional Governance Systems and Sustainability: The Transformation of Resource Industries in the United States and Australia 1974-2004. Variations in industry performance within and across nations has resulted in renewed interest in the institutional governance systems that generate national competitive advantage and innovation. There has also been an increased focus on the impact of sustainability and environmental costs on corporations. The significance of this project to the nation and the community is that it develops an understanding of the role played by industry institutions in transforming corporate and industry approaches to sustainability. This study will show how industries and corporations respond to sustainability over time and the impact of these changes on major stakeholders (communities; shareholders; employees).Read moreRead less
Linkage Infrastructure, Equipment And Facilities - Grant ID: LE110100220
Funder
Australian Research Council
Funding Amount
$150,000.00
Summary
Sonic drilling to provide contamination-free core sampling of rock and unconsolidated sediment. Australia is the world's driest inhabited continent. Understanding environmental and climatic changes, from the temperate period when humans arrived about 50,000 years ago to the present state of widespread aridity, is crucial for modelling future climate change. This facility will provide new generation drilling equipment which is necessary to obtain accurate records.
Quantifying the impacts of environmental stress on marine microorganisms. Microorganisms underpin marine ecosystem health, yet there is limited understanding of how they will respond to different environmental pressures. This project will resolve this critical knowledge gap by developing a unique molecular platform for deriving quantitative stress thresholds for microbial communities inhabiting key reef habitats (seawater, sediments, invertebrates). Quantifying how reef microorganisms respond to ....Quantifying the impacts of environmental stress on marine microorganisms. Microorganisms underpin marine ecosystem health, yet there is limited understanding of how they will respond to different environmental pressures. This project will resolve this critical knowledge gap by developing a unique molecular platform for deriving quantitative stress thresholds for microbial communities inhabiting key reef habitats (seawater, sediments, invertebrates). Quantifying how reef microorganisms respond to a broad suite of environmental perturbations (temperature, nutrients, contaminants), will generate stress-response data that can be incorporated alongside eukaryotic data in environmental assessments, greatly improving the ecological relevance and reliability of risk and vulnerability assessments.Read moreRead less
Unravelling how aquatic coastal networks regulate nitrogen removal . The aim of this project is to determine the nitrogen removal pathways of the coastal zone using a number of innovative field and modelling approaches. Little is known about how the complex coastal landscape controls trade-offs that maximise nitrogen removal but minimise nitrous oxide (a potent greenhouse gas) emissions. The outcomes of this study will significantly advance our understanding of the coastal zone in regional and g ....Unravelling how aquatic coastal networks regulate nitrogen removal . The aim of this project is to determine the nitrogen removal pathways of the coastal zone using a number of innovative field and modelling approaches. Little is known about how the complex coastal landscape controls trade-offs that maximise nitrogen removal but minimise nitrous oxide (a potent greenhouse gas) emissions. The outcomes of this study will significantly advance our understanding of the coastal zone in regional and global nitrogen budgets. This will provide significant benefits such as a new science-based quantitative framework to facilitate best practice management to reduce terrestrial nitrogen loads and associated downstream impacts such as eutrophication, and reduce nitrous oxide emissions and associated global warming.
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Ancient Ecology: Changes in penguin diet over ~30,000 years in Antarctica. This project proposes the first direct study of ancient ecology using a combination of second-generation DNA sequencing and targeted gene recovery. The food web of the Antarctic Ocean is a classic textbook example of energy and nutrient cycling in the marine environment. Although a great deal is known about the current status of this food web, understanding how this complex set of predator / prey relationships have change ....Ancient Ecology: Changes in penguin diet over ~30,000 years in Antarctica. This project proposes the first direct study of ancient ecology using a combination of second-generation DNA sequencing and targeted gene recovery. The food web of the Antarctic Ocean is a classic textbook example of energy and nutrient cycling in the marine environment. Although a great deal is known about the current status of this food web, understanding how this complex set of predator / prey relationships have changed over long periods of time is vital to understanding the nature of the system itself. The project intends to track changes in the diet of Adélie penguins from serially preserved ancient fecal (guano) remains dating back approximately 30,000 years. These remains are known to contain microscopic remnants of penguin prey.Read moreRead less
Predicting genetic exchange between species under climate change. This project aims to resolve the factors that lead to the mixing of species’ gene pools, with a focus on whether climate change will increase such mixing, possibly leading to extinction by genetic swamping.
The significance is that the project would improve our understanding of speciation and species’ vulnerability to rapid climate change through genetic mixing; a largely overlooked process.
Key outcomes would be to generate new k ....Predicting genetic exchange between species under climate change. This project aims to resolve the factors that lead to the mixing of species’ gene pools, with a focus on whether climate change will increase such mixing, possibly leading to extinction by genetic swamping.
The significance is that the project would improve our understanding of speciation and species’ vulnerability to rapid climate change through genetic mixing; a largely overlooked process.
Key outcomes would be to generate new knowledge of a fundamental evolutionary process and extend the toolbox of biodiversity managers facing rapid environmental change.
The project would benefit Australia by highlighting our unique biodiversity and scientific capability, and by training early career researchers in advanced evolutionary biology.Read moreRead less
Coral-associated viruses: pathogens, mutualists and agents of evolution? Corals host numerous organisms, of which viruses are the least studied. The aim of this project is to characterise the viruses associated with corals and to obtain a detailed understanding of the critical roles that viruses play in coral health, coral bleaching and adaptation of corals to climate change.
Archaeological investigations at ancient sites in Kakadu National Park. This project aims to re-examine two well-known sites (Malangangerr and Ngarradj) in Kakadu, an iconic World Heritage area and home to some of the oldest and richest archaeology in Australia. Little excavation has been carried out there in recent decades, and almost none using modern high resolution recovery techniques. This project will re-excavate Malangangerr and Ngarradj to determine whether other sites have a similar ant ....Archaeological investigations at ancient sites in Kakadu National Park. This project aims to re-examine two well-known sites (Malangangerr and Ngarradj) in Kakadu, an iconic World Heritage area and home to some of the oldest and richest archaeology in Australia. Little excavation has been carried out there in recent decades, and almost none using modern high resolution recovery techniques. This project will re-excavate Malangangerr and Ngarradj to determine whether other sites have a similar antiquity and record of early complex behaviour. This project could enhance understanding of Aboriginal culture in Kakadu, Australia's unique cultural heritage, the nature and timing of modern human dispersal, and how early Indigenous peoples responded to social and environmental change.Read moreRead less
Advancing knowledge of microbial symbioses underpinning coral health and reef resilience and predicting their responses to climate change. Coral reefs are complex, diverse ecosystems in which microbial communities form associations with host corals. However, the roles these associations play in coral stress responses are unknown. This project unlocks the black-box of coral microbial complexity and determines how the reef’s smallest members have the greatest influence on reef health.