MBS Media coverage

Bad news Friday

2UE Drive, 03 July 2009
The panel discuss a story printed in the Financial Review that details research produced by Leon Zoltoy at the Melbourne Business School. The research finds that bad earnings announcements made on a Friday afternoon are viewed more negatively than bad announcements made any other day.

The bad news about Fridays

AFR, pg 3, 03 July 2009
Research from the Melbourne Business School has found that investors and analysts view bad earnings announcements made on Friday’s far more negatively than the same announcement made on any other day. “Investors have learned that firms report ‘bad’ news on Fridays, so they now consider any negative earnings announcements released on a Friday as particularly important and one which companies are trying to hide,” says the author of the research, Leon Zolotoy.

Attack of the Killer Fees

BRW, pg 34, 02 July 2009
Charges, taxes, options and advice, unmask the hidden costs of switching super funds. This article discusses the issues associated with switching. It may still be worth sticking with a retail fund if the higher fees are paying for features and services such as financial advice of comparable value to an investor, says investment expert and research fellow at the Melbourne Business School Sam Wylie.

Sales figures

ABC News Breakfast, 02 July 2009
Melbourne Business School’s Associate Professor Mark Crosby discusses the latest retail sales figures and upcoming unemployment figures.

What's next?

ABC South Coast Mornings, 02 July 2009
Interview with Mark Crosby, Associate Professor at Melbourne Business School, who discusses what to expect for the economy in the new financial year.

A Keating kick-along required as timidity stalls reform

Paul Kerin, The Australian, 01 July 2009
THE Rudd government's inability to make decisions on three sharemarket operator licence applications is but one of many examples of its timidity on microeconomic reform, writes MBS Professor Paul Kerin. Read the full article.

Approvals: reading between the numbers

Australian Broker, pg 30, 30 June 2009
The April housing approval numbers painted either a rosy picture of the NSW market and a gloomy one for Victoria or the exact opposite. This article examines the figures. MBS associate professor Sally Wood discusses the issues associated with using trends to predict the future.

So do you feel lucky?

Herald Sun , pg 19, 29 June 2009
Futurist and Program Director at Mt Eliza Executive Education, a part of Melbourne Business School, Rob Burke talks about a humane form of capitalism in the world’s poorest areas.

Managing your valuable asset: The GFC.

Insurance and Finance , pg 26, 29 June 2009
Are employers taking their people for granted, expecting unreasonable levels of job loyalty because they feel staff are lucky to have a job at all right now? Melbourne Business School associate profess or Ian Williamson suggests that the perception of ‘fairness’ is key to determining the loyalty of staff during this difficult period.

Not all bad

The Economist, 29 June 2009
This article profiles MBA students dedicated to making a difference in the NFP sector. MBS student Jason Chuei, a young British veterinary surgeon, is one example. After travelling extensively in developing countries and seeing the poor state of animal welfare in many of them, he has turned his back on a potential high-paying job in the corporate world for a career in the non-profit sector. His aim is to set up a global veterinary charity and he sees the MBA as a way of developing the managerial skills and the international network of contacts he will need to make that happen. Read the full article.

The year that was

ABC2 News Breakfast, 29 June 2009
MBS Professor Paul Kerin discusses the financial year that was. Twelve months ago Australian home owners were struggling with cash rates of 7.25%. Now we are in the grip of the global economic crisis. Professor Kerin notes that there is a lot to learn from our last financial year.

Australia needn’t fear inflation

Mark Crosby, Australian Financial Review, pg 63, 25 June 2009
The RBA should have no trouble staying ahead of the game, writes Mark Crosby. Read the full article.

FEAL launches customer satisfaction survey

Financial Standard, pg 60, 25 June 2009
The Fund Executives Association Limited (FEAL) is supporting a new satisfaction benchmarking survey for superannuation funds. The Net Promoter Score (NPS) survey has been designed to give participating funds the opportunity to benchmark their service and member satisfaction against that of their competitors. It will be conducted in collaboration with Melbourne Business School’s Associate Professor Mark Ritson.

Bank swap service fails to catch on

The Age, pg 7, 24 June 2009
This article comments on the largely ignored Rudd government initiative to make it easier for people to switch banks. MBS Professor Joshua Gans advocates for all bank account numbers to be made portable, like mobile phone numbers, to enable people to switch easily.

China emerges

2SM Sydney Mornings, 22 June 2009
MBS Associate Professor Mark Crosby, comments on the emergence of China and the importance of the country to our economy.

Banks fairing better

ABC2 News Breakfast , 19 June 2009
A new report by the Reserve Bank has revealed Australia's big four banks are fairing better now then before the onset of the financial crisis. Melbourne Business School’s Associate Professor Mark Crosby says bank funding costs have dropped by about 3.3%. He says the financial crisis has shown us that Australian banks are very stable.

BakRest’s a winner

BRW, pg 49, 18 June 2009
BRW profiles the winner of the annual Melbourne University Entrepreneurial Challenge (MUEC), Mark Alexander. MUEC is the annual business plan competition held by the Melbourne Business School. Physiotherapist Mark’s back support device for the car or office ‘BakRest’ won the $23000 MUEC prize.

Time for fairness in mortgage contracts

Sam Wylie, Australian Financial Review, pg 63, 16 June 2009
The financial crisis has prolonged the free ride banks enjoy with home loans, writes MBS senior fellow Sam Wylie. Read the full article.

Sold on diversity

BRW, pg 36, 11 June 2009
MBS alumni Joseph, talks about his international career and current work as a business consultant. He notes that his MBS MBA helped him achieve his career goals and singles out being able to soak up the experience and expertise of fellow students as the biggest advantage.

Housing figures should remain strong

ABC2 News Breakfast , 10 June 2009
Melbourne Business School’s Paul Kerin discusses the latest financial news and the economy. Professor Kerin notes that ABS housing figures will be released today and says that they should continue to be strong.