Understanding resource investments
Author
Abstract
Suggested Citation
DOI: 10.1080/00036846.2016.1229437
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Bruce M. Burton & A. Alasdair Lonie & David M. Power, 1999. "The Stock Market Reaction to Investment Announcements: The Case of Individual Capital Expenditure Projects," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 26(5‐6), pages 681-708, June.
- Tim Robinson & Tim Atkin & Mark Caputo & Hao Wang, 2017.
"Macroeconomic Consequences of Terms of Trade Episodes, Past and Present,"
Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(3), pages 291-315, November.
- Tim Atkin & Mark Caputo & Tim Robinson & Hao Wang, 2014. "Macroeconomic Consequences of Terms of Trade Episodes, Past and Present," RBA Research Discussion Papers rdp2014-01, Reserve Bank of Australia.
- Tim Atkin & Mark Caputo & Tim Robinson & Hao Wang, 2014. "Macroeconomic Consequences of Terms of Trade Episodes, Past and Present," CAMA Working Papers 2014-11, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Tim Atkin & Mark Caputo & Tim Robinson & Hao Wang, 2014. "Macroeconomic Consequences of Terms of Trade Episodes, Past and Present," CEH Discussion Papers 022, Centre for Economic History, Research School of Economics, Australian National University.
- Sambit Bhattacharyya & Jeffrey G. Williamson, 2011.
"Commodity Price Shocks And The Australian Economy Since Federation,"
Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 51(2), pages 150-177, July.
- Sambit Bhattacharyya & Jeffrey G Williamson, 2009. "Commodity Price Shocks and the Australian Economy since Federation," Departmental Working Papers 2009-02, The Australian National University, Arndt-Corden Department of Economics.
- Sambit Bhattacharyya & Jeffrey G Williamson, 2010. "Commodity Price Shocks and the Australian Economy since Federation," OxCarre Working Papers 041, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Sambit Bhattacharyya & Jeffrey G. Williamson, 2009. "Commodity Price Shocks and the Australian Economy since Federation," CEPR Discussion Papers 605, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- Sambit Bhattacharyya & Jeffrey G. Williamson, 2009. "Commodity Price Shocks and the Australian Economy since Federation," NBER Working Papers 14694, National Bureau of Economic Research, Inc.
- Ferguson, Andrew & Scott, Tom, 2011. "Market reactions to Australian boutique resource investor presentations," Resources Policy, Elsevier, vol. 36(4), pages 330-338.
- W. Max Corden, 2012.
"Dutch Disease in Australia: Policy Options for a Three-Speed Economy,"
Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 45(3), pages 290-304, September.
- W. Max Corden, 2011. "The Dutch Disease in Australia Policy Options for a Three-Speed Economy," Departmental Working Papers 2011-14, The Australian National University, Arndt-Corden Department of Economics.
- W. Max Corden, 2012. "The Dutch Disease in Australia: Policy Options for a Three-Speed Economy," Melbourne Institute Working Paper Series wp2012n05, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- W Max Corden, 2012. "The Dutch Disease in Australia Policy Options for a Three-Speed Economy," Departmental Working Papers 2012-10, The Australian National University, Arndt-Corden Department of Economics.
- Ellis Connolly & David Orsmond, 2011. "The Mining Industry: From Bust to Boom," RBA Research Discussion Papers rdp2011-08, Reserve Bank of Australia.
- Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
- Ron Bird & Matthew Grosse & Danny Yeung, 2013.
"The market response to exploration, resource and reserve announcements by mining companies: Australian data,"
Australian Journal of Management, Australian School of Business, vol. 38(2), pages 311-331, August.
- Ron Bird & Matthew Grosse & Danny Yeung, 2010. "The Market Response to Exploration, Resource and Reserve Announcements by Mining Companies: Australian Data," Working Paper Series 7, The Paul Woolley Centre for Capital Market Dysfunctionality, University of Technology, Sydney.
- Daniel Rees, 2013. "Terms of Trade Shocks and Incomplete Information," RBA Research Discussion Papers rdp2013-09, Reserve Bank of Australia.
- Higgs, Peter J. & Powell, Alan A., 1992. "Australia's North-West shelf gas project : A general equilibrium analysis of its impact on the Australian economy," Resources Policy, Elsevier, vol. 18(3), pages 179-190, September.
- Kulish, Mariano & Rees, Daniel M., 2017.
"Unprecedented changes in the terms of trade,"
Journal of International Economics, Elsevier, vol. 108(C), pages 351-367.
- Mariano Kulish & Daniel Rees, 2015. "Unprecedented Changes in the Terms of Trade," RBA Research Discussion Papers rdp2015-11, Reserve Bank of Australia.
- Andrew Ferguson & Matthew Grosse & Stephen Kean & Tom Scott, 2011. "Your Governance or Mine?," Australian Accounting Review, CPA Australia, vol. 21(4), pages 406-417, December.
- Jarkko P. Jääskelä & Penelope Smith, 2013.
"Terms of Trade Shocks: What Are They and What Do They Do?,"
The Economic Record, The Economic Society of Australia, vol. 89(285), pages 145-159, June.
- Jarkko Jääskelä & Penelope Smith, 2011. "Terms of Trade Shocks: What are They and What Do They Do?," RBA Research Discussion Papers rdp2011-05, Reserve Bank of Australia.
- Kenneth W Clements & Jiawei Si, 2011. "The investment project pipeline: cost escalation, lead time, success, failure and speed," Australian Journal of Management, Australian School of Business, vol. 36(3), pages 317-348, December.
- Haiyang Chen & Michael Y. Hu & Joseph C. P. Shieh, 1991. "The Wealth Effect of International Joint Ventures: The Case of U.S. Investment in China," Financial Management, Financial Management Association, vol. 20(4), Winter.
- John Y. Campbell, 2000.
"Asset Pricing at the Millennium,"
Journal of Finance, American Finance Association, vol. 55(4), pages 1515-1567, August.
- John Y. Campbell, 2000. "Asset Pricing at the Millennium," NBER Working Papers 7589, National Bureau of Economic Research, Inc.
- John Y. Campbell, 2000. "Asset Pricing at the Millennium," Harvard Institute of Economic Research Working Papers 1897, Harvard - Institute of Economic Research.
- Campbell, John, 2000. "Asset Pricing at the Millennium," Scholarly Articles 3294737, Harvard University Department of Economics.
- Vanessa Rayner & James Bishop, 2013. "Industry Dimensions of the Resource Boom: An Input-Output Analysis," RBA Research Discussion Papers rdp2013-02, Reserve Bank of Australia.
- Ball, R & Brown, P, 1968. "Empirical Evaluation Of Accounting Income Numbers," Journal of Accounting Research, Wiley Blackwell, vol. 6(2), pages 159-178.
- Chen, Sheng-Syan & Ho, Kim Wai & Lee, Cheng-few & Yeo, Gillian H. H., 2000. "Investment opportunities, free cash flow and market reaction to international joint ventures," Journal of Banking & Finance, Elsevier, vol. 24(11), pages 1747-1765, November.
- Bruce M. Burton & A. Alasdair Lonie & David M. Power, 1999. "The Stock Market Reaction to Investment Announcements: The Case of Individual Capital Expenditure Projects," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 26(5&6), pages 681-708.
- James Bishop & Christopher Kent & Michael Plumb & Vanessa Rayner, 2013. "The Resources Boom and the Australian Economy: A Sectoral Analysis," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 39-50, March.
- Ye, Qiang, 2008. "Commodity booms and their impacts on the Western Australian economy: The iron ore case," Resources Policy, Elsevier, vol. 33(2), pages 83-101, June.
- Peter Tulip, 2014.
"The Effect of the Mining Boom on the Australian Economy,"
RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 17-22, December.
- Peter Downes & Kevin Hanslow & Peter Tulip, 2014. "The Effect of the Mining Boom on the Australian Economy," RBA Research Discussion Papers rdp2014-08, Reserve Bank of Australia.
- Kenneth W. Clements & Jiawei Si & Thomas Simpson, 2014. "A Guide to Information on Australian Resource Projects," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 47(4), pages 563-573, December.
- Andrew Ferguson & Greg Clinch & Stephen Kean, 2011. "Predicting the Failure of Developmental Gold Mining Projects," Australian Accounting Review, CPA Australia, vol. 21(1), pages 44-53, March.
- Peter Sheehan & Robert G. Gregory, 2013.
"The Resources Boom and Economic Policy in the Long Run,"
Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 46(2), pages 121-139, June.
- Peter Sheehan & Bob Gregory, 2013. "The Resources Boom and Economic Policy in the Longer Run," CEPR Discussion Papers 683, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- Peter B. Dixon & Dale Jorgenson (ed.), 2012. "Handbook of Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, Elsevier, edition 1, volume 1, number 1.
- Ellis Connolly & David Orsmond, 2011. "The Mining Industry: From Bust to Boom," RBA Annual Conference Volume (Discontinued), in: Hugo Gerard & Jonathan Kearns (ed.),The Australian Economy in the 2000s, Reserve Bank of Australia.
- Fama, Eugene F, et al, 1969. "The Adjustment of Stock Prices to New Information," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 10(1), pages 1-21, February.
- Hertzel, Michael G & Smith, Richard L, 1993. "Market Discounts and Shareholder Gains for Placing Equity Privately," Journal of Finance, American Finance Association, vol. 48(2), pages 459-485, June.
- Duc Hong Vo, 2015. "Which Factors Are Priced? An Application of the Fama French Three-Factor Model in Australia," Economic Papers, The Economic Society of Australia, vol. 34(4), pages 290-301, December.
- Chan, Su Han & Gau, George W. & Wang, Ko, 1995. "Stock Market Reaction to Capital Investment Decisions: Evidence from Business Relocations," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 30(1), pages 81-100, March.
- Michael Plumb & Christopher Kent & James Bishop, 2013. "Implications for the Australian Economy of Strong Growth in Asia," RBA Research Discussion Papers rdp2013-03, Reserve Bank of Australia.
- Kang, Jun-Koo & Stulz, Rene M, 1996.
"How Different Is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues,"
The Review of Financial Studies, Society for Financial Studies, vol. 9(1), pages 109-139.
- Jun-Koo Kang & Rene M. Stulz, 1994. "How Different is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues," NBER Working Papers 4908, National Bureau of Economic Research, Inc.
- Nigel Stapledon, 2013. "Australia's Major Terms of Trade and Commodity Shocks, 1800-2013: Sources and Impacts," CEH Discussion Papers 020, Centre for Economic History, Research School of Economics, Australian National University.
- Titman, Sheridan & Wei, K. C. John & Xie, Feixue, 2004.
"Capital Investments and Stock Returns,"
Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 39(4), pages 677-700, December.
- Sheridan Titman & K.C. John Wei & Feixue Xie, 2003. "Capital Investments and Stock Returns," NBER Working Papers 9951, National Bureau of Economic Research, Inc.
- Ferguson, Andrew & Feigin, Alexey & Kean, Stephen, 2013. "Gold mine feasibility study disclosure in Australia: Determinants and implications," Resources Policy, Elsevier, vol. 38(1), pages 8-17.
- McConnell, John J. & Muscarella, Chris J., 1985. "Corporate capital expenditure decisions and the market value of the firm," Journal of Financial Economics, Elsevier, vol. 14(3), pages 399-422, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Young, Sharon & Bruce, Anna & MacGill, Iain, 2019. "Potential impacts of residential PV and battery storage on Australia's electricity networks under different tariffs," Energy Policy, Elsevier, vol. 128(C), pages 616-627.
- Dean Katselas & Baljit K. Sidhu & Chuan Yu, 2021. "Liquidity and information asymmetry around unscheduled mining announcements," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(2), pages 3053-3087, June.
- Omar H. M. N. Bashar & Omar K. M. R. Bashar, 2020.
"Resource abundance, financial crisis and economic growth: did resource‐rich countries fare better during the global financial crisis?,"
Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(2), pages 376-395, April.
- Bashar, Omar H. M. N. & Bashar, Omar K. M. R., 2020. "Resource abundance, financial crisis and economic growth: did resource-rich countries fare better during the global financial crisis?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(2), April.
- Qu, Xiaobo & Yu, Yang & Zhou, Mofan & Lin, Chin-Teng & Wang, Xiangyu, 2020. "Jointly dampening traffic oscillations and improving energy consumption with electric, connected and automated vehicles: A reinforcement learning based approach," Applied Energy, Elsevier, vol. 257(C).
- Kowalewski, Oskar & Śpiewanowski, Piotr, 2020.
"Stock market response to potash mine disasters,"
Journal of Commodity Markets, Elsevier, vol. 20(C).
- Oskar Kowalewksi & Piotr Spiewanowski, 2017. "Stock market response to potash mine disasters," Working Papers 2017-ACF-02, IESEG School of Management.
- Oskar Kowalewski & Piotr Śpiewanowski, 2020. "Stock market response to potash mine disasters," Post-Print hal-02987126, HAL.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kenneth W. Clements & Liang Li, 2014. "Valuing Resource Investments," Economics Discussion / Working Papers 14-27, The University of Western Australia, Department of Economics.
- Tim Robinson & Tim Atkin & Mark Caputo & Hao Wang, 2017.
"Macroeconomic Consequences of Terms of Trade Episodes, Past and Present,"
Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(3), pages 291-315, November.
- Tim Atkin & Mark Caputo & Tim Robinson & Hao Wang, 2014. "Macroeconomic Consequences of Terms of Trade Episodes, Past and Present," RBA Research Discussion Papers rdp2014-01, Reserve Bank of Australia.
- Tim Atkin & Mark Caputo & Tim Robinson & Hao Wang, 2014. "Macroeconomic Consequences of Terms of Trade Episodes, Past and Present," CAMA Working Papers 2014-11, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Tim Atkin & Mark Caputo & Tim Robinson & Hao Wang, 2014. "Macroeconomic Consequences of Terms of Trade Episodes, Past and Present," CEH Discussion Papers 022, Centre for Economic History, Research School of Economics, Australian National University.
- Kenneth W. Clements & Jiawei Si & Thomas Simpson, 2016.
"Understanding New Resource Projects,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(3), pages 584-600, September.
- Kenneth W Clements & Jiawei Si & Thomas Simpson, 2014. "Understanding New Resource Projects," Economics Discussion / Working Papers 14-17, The University of Western Australia, Department of Economics.
- Parmjit Kaur & Randeep Kaur, 2019. "Effects of Strategic Investment Decisions on Value of Firm: Evidence from India," Paradigm, , vol. 23(1), pages 1-19, June.
- Sabet, Amir H. & Heaney, Richard, 2016. "An event study analysis of oil and gas firm acreage and reserve acquisitions," Energy Economics, Elsevier, vol. 57(C), pages 215-227.
- Jonathan Hambur & Lynne Cockerell & Christopher Potter & Penelope Smith & Michelle Wright, 2015. "Modelling the Australian Dollar," RBA Research Discussion Papers rdp2015-12, Reserve Bank of Australia.
- Peter Tulip, 2014.
"The Effect of the Mining Boom on the Australian Economy,"
RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 17-22, December.
- Peter Downes & Kevin Hanslow & Peter Tulip, 2014. "The Effect of the Mining Boom on the Australian Economy," RBA Research Discussion Papers rdp2014-08, Reserve Bank of Australia.
- Knop, Stephen J. & Vespignani, Joaquin L., 2014.
"The sectorial impact of commodity price shocks in Australia,"
Economic Modelling, Elsevier, vol. 42(C), pages 257-271.
- Knop, Stephen J. & Vespignani, Joaquin L., 2014. "The sectorial impact of commodity price shocks in Australia," Working Papers 2014-05, University of Tasmania, Tasmanian School of Business and Economics, revised 2014.
- Vespignani, Joaquin L. & Knop, Stephen J, 2014. "The sectorial impact of commodity price shocks in Australia," MPRA Paper 55435, University Library of Munich, Germany.
- Stephen J. Knop & Joaquin L. Vespignani, 2014. "The sectorial impact of commodity price shocks in Australia," CAMA Working Papers 2014-19, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Saeed Akbar & Syed Zulfiqar Ali Shah & Issedeeq Saadi, 2008. "Stock market reaction to capital expenditure announcements by UK firms," Applied Financial Economics, Taylor & Francis Journals, vol. 18(8), pages 617-627.
- Adam Gorajek & Daniel Rees, 2015. "Lower Bulk Commodity Prices and Their Effect on Economic Activity," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 31-38, September.
- Mardi Dungey & Renee Fry-McKibbin & Verity Linehan, 2014.
"Chinese resource demand and the natural resource supplier,"
Applied Economics, Taylor & Francis Journals, vol. 46(2), pages 167-178, January.
- Dungey, Mardi & Fry-McKibbin, Renée & Linehan, Verity, 2013. "Chinese resource demand and the natural resource supplier," Working Papers 17027, University of Tasmania, Tasmanian School of Business and Economics, revised 01 Jul 2013.
- Mardi Dungey & Renée Fry-McKibbin & Verity Linehan, 2013. "Chinese Resource Demand and the Natural Resource Supplier," CAMA Working Papers 2013-54, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Moses, Olayinka & Houqe, Muhammad Nurul & van Zijl, Tony, 2018. "What is the economic value of the Extractive Industries Transparency Initiative (EITI) information disclosure?," Journal of Contemporary Accounting and Economics, Elsevier, vol. 14(2), pages 216-233.
- Manalo, Josef & Perera, Dilhan & Rees, Daniel M., 2015.
"Exchange rate movements and the Australian economy,"
Economic Modelling, Elsevier, vol. 47(C), pages 53-62.
- Josef Manalo & Dilhan Perera & Daniel Rees, 2014. "Exchange Rate Movements and the Australian Economy," RBA Research Discussion Papers rdp2014-11, Reserve Bank of Australia.
- Hansen, James & Gross, Isaac, 2018. "Commodity price volatility with endogenous natural resources," European Economic Review, Elsevier, vol. 101(C), pages 157-180.
- Esther B. Del Brio & Javier Perote & Julio Pindado, 2003. "Measuring the Impact of Corporate Investment Announcements on Share Prices: The Spanish Experience," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 30(5‐6), pages 715-747, June.
- Liang Li, 2012. "How Much Are Resource Projects Worth? A Capital Market Perspective," Economics Discussion / Working Papers 12-13, The University of Western Australia, Department of Economics.
- Chang, Shao-Chi & Huang, Ping-Chang, 2002. "Corporate multinationalism, organizational learning, and market reaction to international joint ventures: Evidence from Taiwan," Global Finance Journal, Elsevier, vol. 13(2), pages 181-194.
- Rod Tyers & Aaron Walker, 2016.
"Quantifying Australia's ‘Three-Speed’ Boom,"
Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 49(1), pages 20-43, March.
- Aaron Walker & Rod Tyers, 2013. "Quantifying Australia's "Three Speed" Boom," CAMA Working Papers 2013-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Aaron Walker & Rod Tyers, 2013. "Quantifying Australia's "Three Speed" Boom," Economics Discussion / Working Papers 13-06, The University of Western Australia, Department of Economics.
- An, Suwei, 2023. "Essays on incentive contracts, M&As, and firm risk," Other publications TiSEM dd97d2f5-1c9d-47c5-ba62-f, Tilburg University, School of Economics and Management.
- Wagner, Rodrigo, 2018. "Can the market value state-owned enterprises without privatizing them? An application to natural resources companies," Resources Policy, Elsevier, vol. 59(C), pages 282-290.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:49:y:2017:i:20:p:1950-1962. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.