The valuation discount of multi-segment firms in Australia

Article Abstract:

The Berger and Ofek (1995) methodology to estimate the valuation discount of multi-segment firms in Australia between 1988 and 1998 is reviewed. Further analysis shows that the poorly performing multi-segment firms drive the valuation discount rather than multi-segment firms per se, which raises the question about studies that conclude that diversification is value destroying.

Corporate finance, Value analysis (Cost control)

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Australian retail fund performance persistence

Article Abstract:

A study examining the persistence in performance of Australian retail funds from 1991-2000 is presented. The study concludes that the performance persistence depends on risk adjustment therein and fund objectives.

Forecasts, trends, outlooks, Sales & consumption, Management investment, open-end, Evaluation, Mutual fund industry, Industry sales and revenue, Industry forecasts

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Use of derivatives in public sector organizations

Article Abstract:

A study based on Australian Commonwealth public sector organizations for examining the usage of public sector derivatives for reducing budget discrepancy is presented.

Science & research, Management dynamics, Research, Management, Usage, Derivatives (Financial instruments), Government securities, Company business management, Public sector, Budget deficits

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