This bulletin is based on research conducted by Associate Professor Steven Rowley and Associate Professor Greg Costello at the AHURI Research Centre—Curtin University, Associate Professor David Higgins at the AHURI Research Centre—RMIT University, and Professor Peter Phibbs at the AHURI Research Centre—The University of Sydney. This research explored how property finance decisions are made and ...

In this paper we investigate the interplay between operations and financial decisions within the context of a two-echelon supply chain. A retailer purchases a single product from a supplier and afterwards sells it in the retail market to a random demand. The retailer, however, is budget-constrained and is therefore limited in the number of units that he may purchase from the supplier. We invest...

Using a large firm-level panel dataset from the Chinese National Bureau of Statistics, we examine the effect of financial distortions on FDI inflows in China’s labor-intensive industries. Following Whited and Wu (2006), we estimate the investment Euler equation and construct a financing constraint index for each firm. We find that among domestic firms, the financing constraint index is highest ...

Important decisions about the financing, determining priorities in and provision of health services depend on beliefs about facts and relationships. It is argued in this paper that many popular beliefs are either logically wrong or are not supported by the evidence. Important errors exist in the beliefs about the effects of technology and ageing populations on health care costs, affordability o...

This paper analyzes the second-best pricing and investment rules to be followed in the transportation industries in the presence of intermodal competition, exogenous price distortions, and financing constraints, using both theoretical and simulation analysis. It shows that price distortions and financing constraints in one mode will not only affect the investment rules in that mode, but will al...

This article addresses an emerging issue in health care systems: the impact of judicial rulings on public policy regarding financing and delivery of health care services, and the attendant tensions, contradictions and questions. In Colombia, HIV/AIDS patients' use of a legal instrument called tutela, or writ of protection, has produced abundant jurisprudence and prompted health authorities to r...