Rare Event Simulation with Heavy Tails. The project provides a rigorous way to enhance our understanding of the mechanisms that bring about catastrophic rare events such as urban flooding, electricity shortages and financial bankrupcy. Australia is at the forefront of exciting recent developments in rare event simulation. The advancement of the knowledge in this area will generate a competitive advantage for various sections of the Australian industry, including the areas of industrial reliabili ....Rare Event Simulation with Heavy Tails. The project provides a rigorous way to enhance our understanding of the mechanisms that bring about catastrophic rare events such as urban flooding, electricity shortages and financial bankrupcy. Australia is at the forefront of exciting recent developments in rare event simulation. The advancement of the knowledge in this area will generate a competitive advantage for various sections of the Australian industry, including the areas of industrial reliability, finance and insurance, were accurate simulation techniques are becoming increasingly important.Read moreRead less
Limiting False Positives in Empirical Asset Pricing Tests. The project aims to address the issue of data mining in asset pricing tests using innovative interdisciplinary approaches that mitigate the occurrence of false positives. The expected outcomes include extended options in finance for alleviating data mining, as well as new guidelines for rigorously evaluating the explanatory power of risk factors on expected returns. The project findings are expected to significantly advance our understan ....Limiting False Positives in Empirical Asset Pricing Tests. The project aims to address the issue of data mining in asset pricing tests using innovative interdisciplinary approaches that mitigate the occurrence of false positives. The expected outcomes include extended options in finance for alleviating data mining, as well as new guidelines for rigorously evaluating the explanatory power of risk factors on expected returns. The project findings are expected to significantly advance our understanding of the pricing of risk. Additionally, the proposed tools are anticipated to have broad applications, such as corporate finance and fraud detection, and offer significant value to finance research and its stakeholders, such as the Australian asset management industry and government regulatory bodies.
Read moreRead less
The impact of payout policy changes on firm value and short selling activities across different taxation regimes. Brealey et al (2011) assert that we don't know enough yet about how payout policy varies across firms. This project examines the information content of dividend changes and repurchase programs and the long-term market impact of these announcements, controlling for the substitution effect of repurchases/dividends in different institutional/tax regimes. This project also examines wheth ....The impact of payout policy changes on firm value and short selling activities across different taxation regimes. Brealey et al (2011) assert that we don't know enough yet about how payout policy varies across firms. This project examines the information content of dividend changes and repurchase programs and the long-term market impact of these announcements, controlling for the substitution effect of repurchases/dividends in different institutional/tax regimes. This project also examines whether short sellers manifest abnormal behaviour around the announcement of dividend changes and repurchase programs, and whether earnings are manipulated upwards to maintain the dividend or downwards prior to the announcement of repurchase programs. The findings will be of major interest to academics, managers, investors and regulators.Read moreRead less
Wild Man from Borneo: species, race, representation. This project addresses the representation of species boundaries in Western accounts of the orangutan in the 19th and 20th centuries. Darwinian theory raised the possibility that animals could ?evolve?. Orangutans seemed ?closest? to humans and therefore raised key questions about the border between humans and animals. These questions were addressed in a vast range of scientific, popular, imaginative and juvenile literature. Even when ecolo ....Wild Man from Borneo: species, race, representation. This project addresses the representation of species boundaries in Western accounts of the orangutan in the 19th and 20th centuries. Darwinian theory raised the possibility that animals could ?evolve?. Orangutans seemed ?closest? to humans and therefore raised key questions about the border between humans and animals. These questions were addressed in a vast range of scientific, popular, imaginative and juvenile literature. Even when ecological models of the environment shifted attention from evolutionary potential to ecological role, orangutans retained a special status as ?sentinel? species. This project will produce a monograph examining the construction, maintenance and erosion of ideas of species boundaries.Read moreRead less
Mobile Indonesians: social differentiation and digital literacies in the twenty first century. This is the first dedicated study of the social implications of mobile telephony's recent and rapid popularisation throughout the country. This project will study metropolitan, urban and rural users to understand how mobile phones create the new and unexpected social networks which will shape tomorrow's Indonesians.
Valuing News: Aligning Individual, Institutional and Societal Perspectives. This project aims to identify the links between the preparedness of individuals to pay for news, the value of news brands and organisational cultures of news publishers, and the social value of news in promoting a democratic public sphere. Its significance arises with the ongoing crisis of news media business models, which is raising new questions about the future of journalism, and the changing role of governments worl ....Valuing News: Aligning Individual, Institutional and Societal Perspectives. This project aims to identify the links between the preparedness of individuals to pay for news, the value of news brands and organisational cultures of news publishers, and the social value of news in promoting a democratic public sphere. Its significance arises with the ongoing crisis of news media business models, which is raising new questions about the future of journalism, and the changing role of governments worldwide in financing news production. Its expected outcomes include advancing debates about how to support public interest journalism, and the value of news as both a commodity and a public good. It will be of benefit to industry, policymakers and the community in addressing the prospects for Australian journalism. Read moreRead less
From Mass to Public: Discourses and Representations of Popular Sovereignty in Indonesia. The end of the New Order and transition to more representative government in Indonesia since 1998 have been unruly and violent. The process of political transition has been represented on Australian radios and television screens and has contributed to a perception that Indonesia is in crisis and inherently chaotic. This research aims to show that we can understand this unruliness in part as an outcome of a r ....From Mass to Public: Discourses and Representations of Popular Sovereignty in Indonesia. The end of the New Order and transition to more representative government in Indonesia since 1998 have been unruly and violent. The process of political transition has been represented on Australian radios and television screens and has contributed to a perception that Indonesia is in crisis and inherently chaotic. This research aims to show that we can understand this unruliness in part as an outcome of a rapid development of publicness: a desire for public discussion and activity, motivated by values of popular sovereignty, transparency and accountablity in governance which were seen as crucially lacking during the New Order period.Read moreRead less
Redesigning Australian film and television production for Multichannel Environments, 1995-2009. The project has clear national benefits in that it represents a new approach to understanding the difficulties and opportunities confronting Australian situated audio-visual production at a time of profound change. In centering the transformation of the production industry under the impact of structural adjustment to multi-channeling and increasing transnationalization, the study promises new perspect ....Redesigning Australian film and television production for Multichannel Environments, 1995-2009. The project has clear national benefits in that it represents a new approach to understanding the difficulties and opportunities confronting Australian situated audio-visual production at a time of profound change. In centering the transformation of the production industry under the impact of structural adjustment to multi-channeling and increasing transnationalization, the study promises new perspectives on strategic policy and industry priorities which will strengthen the capacity for innovation and international linkages among producers, policy makers and educators. It fits the national priority of 'Frontier technologies for building and transforming Australian industries' related to 'promoting an innovation culture and economy'.Read moreRead less
A society divided: a multilevel approach for understanding socio-economic opportunity and vulnerability. Despite a strong economy since the early 1990s uneven socioeconomic outcomes remain characteristic of Australian society. The costs to individuals, communities and society itself of these uneven outcomes are significant. Crucially policy needs understand the multi-dimensional nature of the drivers of these uneven outcomes so as to ameliorate the negative cost. In its integration of multilevel ....A society divided: a multilevel approach for understanding socio-economic opportunity and vulnerability. Despite a strong economy since the early 1990s uneven socioeconomic outcomes remain characteristic of Australian society. The costs to individuals, communities and society itself of these uneven outcomes are significant. Crucially policy needs understand the multi-dimensional nature of the drivers of these uneven outcomes so as to ameliorate the negative cost. In its integration of multilevel research methodologies this project aims to advance understandings of well targeted and effective policy interventions. It combines the skills and knowledge of researchers trained in economics and sociology, whose collaboration is a direct result of a linkage formed within an ARC research network. Read moreRead less
The world through the prism of language: a cross-linguistic view of genders, noun classes, and classifiers. Australia is one of the most multilingual and multicultural countries in the world, with several hundred indigenous and immigrant languages. Noun classification devices - ranging from gender systems in familiar Indo-European languages to numeral classifiers in Southeast Asian languages - offer a unique insight into people's categorisation of the world around them. In-depth knowledge of how ....The world through the prism of language: a cross-linguistic view of genders, noun classes, and classifiers. Australia is one of the most multilingual and multicultural countries in the world, with several hundred indigenous and immigrant languages. Noun classification devices - ranging from gender systems in familiar Indo-European languages to numeral classifiers in Southeast Asian languages - offer a unique insight into people's categorisation of the world around them. In-depth knowledge of how speakers of different languages classify objects around them will promote intercultural understanding within Australia and world-wide, allowing us to overcome potential miscommunications due to different language backgrounds, and advancing our understanding of the region and the world (within the National Priority 'Safeguarding Australia'). Read moreRead less