So-called variable annuity products which provide certain guaranteed minimum benefits are popular in the United States and Europe but are only in their infancy in Australia. We consider hybrid products with minimum withdrawal rates guaranteed for a fixed term or for life and the financial derivatives embedded in them. A capital markets style model can...

The disruption and structural transformation underway in the global book industry is well known. Major changes include the development of technology which enables digital publishing, distribution and retailing; the entry of disruptive players including Amazon, Google and Apple; the introduction of hand-held digital reading platforms and devices; upheavals in the bricks and mortar retailing sector...

This paper extends Ellul and Yerramilli’s (2013) risk governance index for U.S. banks to international banks across 33 countries, using that index to examine relations between national codes of governance, individual bank risk governance and both risk and performance outcome measures in periods before, during and after the financial crisis. We focus on the post-crisis...

Last month, the Australian Government announced that it will open the door to 12,000 refugees fleeing Iraq and Syria. To allow them to rebuild lives successfully in Australia, equal access to education must be guaranteed, argues Max Walden.

This paper reports the results of a survey investigating the experiences of Australian authors in the contemporary international book industry – in particular, whether authors are adapting their creative and work practices in response to the technological changes that are currently affecting the book industry worldwide. More than one thousand authors completed the survey, which...