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MARGINQUARTERLY MAGAZINE the New Man at Treasury ANU COLLEGE OF BUSINESS AND ECONOMICS MARGINQUARTERLY MAGAZINE The new man at Treasury ANU hosts High flyers - celebrating ISSUE 4 ACE 2011 our top students Winter 2011 ANU COLLEGE OF BUSINESS AND ECONOMICS from the Dean’s desk Cover image: Martin Parkinson photographed by Belinda Pratten MARGINQUARTERLY MAGAZINE In addition, the College cemented its reputation as a ON THE COVER centre of research excellence when six of our researchers Margin is published quarterly by received Australian Research Council funding to undertake the Marketing and Development The rise of an accidental policy adviser 18 research into significant topics as diverse as higher Office, ANU College of Business and Treasury Secretary Martin Parkinson on what education funding mechanisms; private and public sector Economics. makes a good policy adviser adoption of standard business reporting; and human resources management in an advanced economy from a Editor-in-Chief: Stephen Green Chinese multinational perspective. FEATURES Sub-editors: Hayley McNeel College staff once again featured prominently in the High flyers 10 Janelle Entwistle ANU Top Supervisor Awards this year. In all, 11 CBE scholars The College celebrates its top performing students at the were recognised in the 2011 awards as having provided annual Prizes and Scholarships Ceremony outstanding quality supervision and support to our research T: 02 6125 6726 students. F: 02 6125 0744 ACE 2011 14 June saw the first ANU College of Business and E: [email protected] We preview the 40th Australian Conference of Economists, hosted Economics Alumni function in Bangkok, Thailand. With by the ANU College of Business and Economics for the first time Welcome to the winter 2011 issue of Margin. W: www.cbe.anu.edu.au/margin over 70 alumni and guests in attendance and so much It is my great pleasure to address you for the first time enthusiasm and excitement on the night, it is sure to be the Movers and Shakers 22 as the Dean of the ANU College of Business and Economics. first of many events to be held in Bangkok. My thanks go to Mail: Margin ANU economists and the academic reforms of the ‘80s and ‘90s As you will be aware, the College is an extraordinary Insight Education Consulting and the ANU Alumni Office for combination of exceptional academics and talented Marketing and Development Office helping to make the occasion so memorable. Working with business 24 students across the full spectrum of business and economics ANU College of Business and The Integrated Business Projects course within ANU’s Also in June, the College hosted a networking event disciplines. Recognising the outstanding competition from Economics for the Postgraduate and Research Students’ Association MBA program within and outside Australia, I am nonetheless looking Australian National University (PARSA). This proved to be a great success, allowing staff forward to the College being, and being recognised as, the What makes a good teacher? 26 and students to meet outside the classroom context, and Canberra ACT 0200 leading business school in our region. This will be based Education Innovation Manager Deborah Veness on how ANU to share the pleasure and pain of recent exams! We are upon the excellence of our research and education. is helping academics in their teaching responsibilities proud to support PARSA and look forward to hosting similar Design: Stephen Green Excellence in research and education attracts high events in future. quality students and in May the College recognised the Production: ANU Print Services Economics of happiness 28 Meantime, I look forward to sharing many more of our excellence of our students when we held our prestigious Alternative measures of collective prosperity successes with you in future editions of Margin. annual Scholarships and Prizes Ceremony. This ceremony Views expressed in Margin are not celebrated the achievements of our highest-performing necessarily the views of the Australian REGULARS students at all levels, with 106 of our students receiving National University. recognition for their outstanding academic efforts. News 4 May also heralded the beginning of an important and ANU becomes a CFA partner prestigious partnership with the CFA Institute when the ISSUE 4 Australian Research Council Grants College received accreditation for the Corporate Finance WINTER 2011 CBE alumnus appointed Chief of Navy and Investment Management major within the Bachelor Top Supervisor awards of Finance degree. The CFA Institute partnership offers Next issue published October 2011 Alumni in Thailand unique benefits to finance graduates, including professional The CBE Student Apprentice Challenge recognition and ongoing development opportunities. We Professor Jayne Godfrey ANU CRICOS Provider number: 00120C Erin Pugh, on stage and on song are very pleased to begin what we trust will be a long and Dean and Director fruitful partnership. ANU College of Business and Economics Recent publications 29 2 | MARGIN | Winter 2011 MARGIN | Winter 2011 | 3 NEWS NEWS ARC Linkage grant successes Academics from the ANU College of Business and in Australia on a project looking at the development of Economics feature prominently in the latest round of Standard Business Reporting in Australia. Standard Business Australian Research Council Linkage Grant proposals to be Reporting is a government response to the business ANU becomes CFA Program Partner approved. Of the 11 projects administered by ANU to receive regulatory burden and streamlines business to government funding, two feature staff from the College. In addition, reporting, but involves some cost to business in its initial that they will provide students with excellent preparation Professor George Chen of the School of Management, uptake. The researchers will examine the adoption decisions both for a career in the investment profession, and to go Marketing and International Business is part of the project made and their consequences for business entities choosing on and complete the CFA Program. The CFA Institute makes team for a successful proposal administered by Monash to use this voluntary reporting channel. available a range of information to their partners, including University. In total six CBE academics are involved in the Professor Chen will be working with colleagues from CFA curriculum materials, examination samples, daily successful projects. Monash University, in a project investigating human investment briefings, and complimentary magazines. They resource management practices in the resources sector in also make available a number of student scholarships. Australia and China. The outcomes of the project, entitled The agreement was formally signed at a ceremony at Managing human resources in an advanced economy from the ANU College of Business and Economics on 27 May. the perspective of emerging Chinese multinationals: the case Representing ANU were Dean of the College, Professor Jayne of NWII in Australia, will provide important theoretical and Godfrey, Deputy Vice-Chancellor, Professor Lawrence Cram, operational insights into Chinese foreign direct investment and Professor Terry O’Neill, Head of the School of Finance, for stakeholders such as the Australian government, From left to right: Professor Doug Foster, Professor Terry O’Neill, Professor Actuarial Studies and Applied Statistics, as well as staff and community, employees and their representatives. Jayne Godfrey, Dean of the ANU College of Business and Economics, Mr students of the College. Speaking on behalf of the College, Ashvin Vibhakar, Managing Director of Asia Pacific Operations for CFA , Ms Brinda Gunasingham, President of CFA Society of Sydney, and Professor Professor Godfrey said, ”it is important to us that our Lawrence Cram, Deputy Vice-Chancellor of ANU at the signing ceremony. students are given every possible opportunity , both during their studies and after they graduate. Partnerships with key The Australian National University has been officially industry bodies such as the CFA Institute play an important Dr Tiim Higgins (L) and Dr Mathias Sinning (R) will investigate the extended use of income contingent loans for student support named as a CFA Program Partner for the Bachelor of Finance role in ensuring that our graduates are identified as among program with a major in Corporate Finance and Investment the most talented available, and that they have access to Dr Tim Higgins of the School of Finance, Actuarial Management. professional development opportunities throughout their Studies and Applied Statistics, and Dr Mathias Sinning The CFA (Chartered Financial Analysts) Institute is a careers.” of the Research School of Economics have teamed up global not-for-profit association of investment professionals In response, Mr Ashvin Vibhakar, Manager of Asia- with Professor Bruce Chapman, Professor Glenn Withers that seeks to lead the investment profession by setting the Pacific operations for the CFA, paid tribute to the hard and Kiatanantha Lounkaew, in a project examining the highest standards in ethics, education and professional work of Professors Terry O’Neill and Doug Foster in enabling possibilities of expanding the use of income contingent loans excellence. It has over 100,000 members worldwide. Central the partnership agreement to come to pass. He went on (ICLs) in higher education funding, both in Australia and to its aims is the CFA Program, a graduate level curriculum to explain how the Program Partner initiative came into overseas. The researchers will employ the latest
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