A new method for ranking academic journals in accounting and finance

Given the many and varied uses to which journal rankings are put, interest in ranking journal 'quality' is likely to persist. Unfortunately, existing methods of constructing such rankings all have inherent limitations. This paper proposes a new (complementary) approach, based on submissions to RAE 2001, which is not restricted to a pre-defined journal set and, importantly, is based on quality choice decisions driven by economic incentives. For three metrics, submissions to RAE 2001 are compared with the available set of publications to provide evidence on the perception of journal quality, a fourth metric is based on the overall RAE grades, and an overall ranking is produced

Using a portfolio management game (Finesse) to teach finance

Finesse is a computer-based game that has been developed by a number of UK universities with funding provided by the Scottish Higher Education Funding Council (SHEFC). It aims to support student learning in finance, encourage group work, save staff time in monitoring student performance and aid in the assessment of students' understanding of financial issues. The game was used for the first time in 1998/1999. This paper demonstrates the features of the game, discusses the results of a questionnaire survey of the students' assessment of the game and evaluates the use of the game in assessing students' performance at one of the universities involved.Portfolio Management Computerized Management Game,

Interest rate risk management - an investigation into the management of interest rate risk in UK companies

This executive summary reports the findings from an investigation into the interest rate risk management (IRRM) practices of UK firms. It is based on a more detailed report of the same name. Details of where to find this can be found at the end of this executive summary. Risk has become very prevalent in society and responsibility for the management of risk, in the guise of corporate governance, has hit the headlines after many recent scandals. Financial risk, in particular, has dominated the discussion in the media, which has focused on the use of fraudulent financial transactions, special purpose vehicles and accounting abuses. Financial risk has also hit the headlines as a result of derivative transactions that are normally used to reduce or hedge risk not working as anticipated, such as at Orange County and Gibsons Greetings.The illegal use of derivatives by rogue traders such as Nick Leeson at Barings Bank and John Rusnak at Allied Irish Bank have further served to concentrate the spotlight on corporate risk management practices

Seven steps to technological innovation: The case of the Australian and Italian wine industry

The objectives of this study were to examine digital innovation and project management within a particular sector — the wine industry — that involves both agriculture and production processes, In summary the research sought to: ▶ Analyse the drivers and barriers of adopting technological innovation. ▶ Examine the cost and benefits of adopting innovative technology in the wine industry. ▶ Identify project management processes for implementing new technologies. ▶ Analyse the role management accountants play in project management. ▶ Study the cooperation and collaboration within and between different organisations to implement technological innovations and global solutions. ▶ Synthesise the findings of the Australian and Italian studies to identify global solutions or differentiating strategies in implementing new technology