Companies with chief executive officers that have strong social networks – i.e. have high social capital – are less likely to experience a stock price crash, according to a new study published in the Journal of Behavioral and Experimental Finance . CEOs with smaller social networks and social capital are more likely to hoard bad news and potentially mislead investors.
This year, Australia marks two decades since the first exchange-traded funds were listed on the Australian Stock Exchange. On 27 August 2001, State Street launched the SPDR® S&P®/ASX 200 Fund (STW) and the SPDR® S&P®/ASX 50 Fund (SFY), after flagging its intentions the previous year.
Here’s a question to consider. If every modern organisation relies on technical innovation to stay competitive, why are the technicians who create that innovation given so little attention and support?
Industry Moves has written at length about the value ESG credentials bring to a business. Now, new research from the Bloomberg Women's Buy-side Network, Alpha with impact: Uncovering ESG talent, impact and journeys, shows that ESG is moving from a nice-to-have to an essential.
Over the course of the last year, so-called meme stocks like AMC and Gamestop have captured the imagination of a generation who previously had little knowledge of the investing and wealth management space.
The number of students studying higher-level maths in year 12 is at one of its lowest levels ever, which will have huge impacts on Australian society, according to the Actuaries Institute of Australia.
As much of the country went into lockdown again, almost one in five Australians experienced a high or very high level of psychological distress in June 2021. Distress was higher in women, with 23 per cent experiencing high or very high levels of psychological distress, compared to 17 per cent of men, according to the Australian Bureau of Statistics Household Impacts of COVID-19 Survey.
Executive salaries have stagnated – or even dropped – despite a general shortage of talent. A survey from Aon and the Governance Institute of Australia (GIA) found that only 25% of CEOs saw an increase in fixed remuneration. Those that received a pay rise say a smaller increase, just 1.4%.
As athletes make their preparations for the upcoming Olympic Games, former sailing gold medallist, and now fund manager at sustainable investment manager Nanuk Asset Management, Tom King, predicts that these Games will see a number of records broken.
Australia’s unconsolidated wholesale funds under administration (FUA) market has grown 19 per cent over the past 12 months to $1.5 trillion, according to the latest Rainmaker Advantage report on the industry.
The Association of Superannuation Funds of Australia (ASFA) has calculated that the cost to an employer of the Superannuation Guarantee increase on 1 July is just $5.75 a week for an employee on the median annual wage of $60,000 and $6.50 for an employee on average earnings of $68,000 a week.
Danni Visser has just been appointed to the newly created role of head of growth at XY Adviser. The appointment is further confirmation of the social network’s standing amongst financial advisers and its exponential growth since launching as a finance and lifestyle blog in 2013.
On the back of data showing that the Australian job market is more competitive than ever, EY has released a report showing that 47% of workers are likely to quit if they aren’t offered the flexibility they want.
There is a hiring run in Australia. Earlier this month, jobs board SEEK reported a record-high number of jobs posted to the platform, eclipsing the previous benchmark which was set just one month before. Job postings are up more than 30% compared to two years ago.