The last 60 years have seen Australia and the United Kingdom diverge, both socially and economically. This paper considers how the widening social gap between the two countries is reflected by their respective redistributive systems. The analysis is based upon two microsimulation procedures — one static and the other dynamic — both of which are used to consider the probable distributional effec...

In this paper, we present a robust and accurate method for the segmentation of cross-sectional boundaries of vessels found in contrast-enhanced (CE) CTA and MRA images. The proposed algorithm first detects the edges along 1D rays in multiple scales by using mean-shift analysis. Second, edges from different scales are accurately and efficiently combined by using the properties of mean-shift clus...

Extant studies of mergers and acquisitions have relied on stock price reactions to evaluate the impact of these events. In this paper, we analyze the performance of the Healy et al. (1992) sample over a ten year period using a managerially controlled efficiency measure, data envelopment analysis (DEA). Our individual firm-level year-by-year analyses results indicate that the managerial performa...

Survey research is among the most common methodologies employed in MIS research. However there is an increasing concern over the rigor of research method in MIS field. Based on a review and comparative analysis of the literature this paper provides a critical analysis of trends in the conduct of survey research in the MIS field. Some 651 survey-based studies reported in three leading MIS journa...

This paper documents a new and important cross-sectional determinant of hedge fund returns, their exposures to sentiment risk, measured as beta of fund returns to fluctuations in sentiment proxies. For a large sample of equity-oriented hedge funds, those whose sentiment beta ranks in the top decile subsequently outperform the bottom decile by 0.67% per month, after controlling for fund’s exposu...