Abstract not available

Moral Hazard and the Agency Costs thereof have long been accepted arguments in venture finance theory and have therefore long been accepted shortcomings in the venture capitalist / entrepreneur relationship. In psychological experiments ??? including economic ??? it has been shown that human beings prefer to act in a reciprocal manner that reduces any inequity in a relationship. Humans who expect to receive an unfair and inequitable position in a relationship, will take steps to rectify that position. Specifically, if a venture capitalist expects the entrepreneur to unfairly extract private benefits from the investee company post investment by the venture capitalist, then he or she will impose costly controls and monitoring mechanisms in place to prevent that. All relationships that impose controls and monitoring mechanisms are inefficient, as opposed to Advising the investee which draws upon the skills of the venture capitalist and is generally efficient. The venture capital industry is comprised of intelligent and professional people who can recognise inefficiency easily. Indeed, this is how they make poorly managed companies into profitable trade sales or IPO???s. The online survey completed for this thesis poses questions that attempt to show that venture capitalists and entrepreneurs are not locked in an antagonistic relationship where each merely acts in a self interested way. This thesis concludes that venture capitalists and entrepreneurs do work in a reciprocal relationship recognising the substantial efficiency gains to be made by doing so.

Moral Hazard and the Agency Costs thereof have long been accepted arguments in venture finance theory and have therefore long been accepted shortcomings in the venture capitalist / entrepreneur relationship. In psychological experiments ??? including economic ??? it has been shown that human beings prefer to act in a reciprocal manner that reduces any inequity in a relationship. Humans who expect to receive an unfair and inequitable position in a relationship, will take steps to rectify that position. Specifically, if a venture capitalist expects the entrepreneur to unfairly extract private benefits from the investee company post investment by the venture capitalist, then he or she will impose costly controls and monitoring mechanisms in place to prevent that. All relationships that impose controls and monitoring mechanisms are inefficient, as opposed to Advising the investee which draws upon the skills of the venture capitalist and is generally efficient. The venture capital industry is comprised of intelligent and professional people who can recognise inefficiency easily. Indeed, this is how they make poorly managed companies into profitable trade sales or IPO???s. The online survey completed for this thesis poses questions that attempt to show that venture capitalists and entrepreneurs are not locked in an antagonistic relationship where each merely acts in a self interested way. This thesis concludes that venture capitalists and entrepreneurs do work in a reciprocal relationship recognising the substantial efficiency gains to be made by doing so.

This thesis examines access to managerial jobs in the Australian labor market by immigrant women and men from five continents and five individual countries. Comparisons were not made only among both continent and country groups, but also between the women and men within each group, as a measure of occupational gender inequality. An index of managerial representation in the Australian labor market (MORI) was computed and nine independent variables were applied to measure immigrant representation in managerial occupations. Rank order correlates were used to calculate relationships between variables. Results indicate that women (with the exception of Vietnamese) from all countries were disproportionately underrepresented in managerial jobs and that the more dissimilar immigrant men are to native born Australians, the less likely they are to hold managerial jobs.

published_or_final_version / abstract / English Studies / Master / Master of Arts

Black/white/male/female struggles over knowledge correctness and who is brave are examined inductively in the field of bushfires. The paradoxes of a white male icon are linked to contradictions in gender theories in disaster. In mainstream literature, assumptions of innate white male superiority in bravery justify white women???s diminution and white male domination. In feminist theory, women???s diminution is the problem and their bravery for struggling against hegemony applauded. Philosophies of bravery are explored in 104 semistructured interviews and 12 months??? fieldwork as a volunteer bushfirefighter. There is great variety in the ways volunteers cope with bushfires. However, evidence of white male hegemony emerges when volunteers complain of state and territory indifference to preventing property and environmental damage and injury and death. Evidence is examined that Indigenous Australians once managed bushfires better than a sprawl of bureaucracy. Bushfire service claims that Aborigines knew nothing about hazard reductions are contradicted. This debate over bushfire management leads to the discovery of a third epistemology breaking with claims of white male iconic bravery and bureaucratic mastery. To generalise about the habitus of claims to knowledge and bravery, I analyse Newcastle Herald articles from 1881-1981. Three competing knowledge fields and their associated struggles are examined; Indigenous Australians and white womens??? emancipatory struggles confront data on bushfirefighting. Bushfires emerge as a serious problem, a bureaucratic power base and a white male icon from the 1920s.

Abstract not available

Abstract not available

There is growing interest in airborne lidar for forest carbon accounting and precision forestry purposes. Airborne lidar systems offer a cost-effective, versatile, operationally flexible and robust sampling tool for forest managers. The objective of this study was to develop and test lidar canopy surface enhancement and segmentation processes for estimating dominant above-ground biomass (DAB) in a harvested eucalypt forest on the Central Coast of New South Wales (Australia). The Crown Infill, Trim and Smooth (CITS) process, incorporating a series of filters, algorithms, and selective multi-stage smoothing, was used to enhance lidar canopy surfaces prior to segmentation. Canopy segmentation was achieved using a vertical crown template approach termed the Spatially and Morphologically Isolated Crest (SMIC) process. SMIC delineates dominant tree crowns by detecting elevated crown crests within a 3D lidar canopy surface. Consolidated crown units constitute the basic sampling, analysis and reporting units for wall-to-wall forest inventory. The performance, sensitivity and limitations of these procedures were evaluated using a combination of simulated forest models and actual lidar forest data. Automated crown polygons were used as a sampling template to extract dominant tree height values which were converted to DAB estimates via height-to-biomass relationships derived from field survey and on-site destructive sampling. Results were compared with field based tree height and biomass estimates. Compared against a manually derived crown map from a 2ha field plot, canopy segmentation results revealed a producer???s accuracy of 76% and overall accuracy of 67%. Results indicated a trend toward greater crown splitting (fragmentation) as trees increase in age, height, stem diameter and crown size. Extracted dominant tree height values were highly correlated with ground survey height estimates (r2 0.95 for precision survey and r2 0.69 for standard survey). There was also no significant difference between SMIC and manual crown height estimates. SMIC units overestimated ground-based DAB by 5%; this increased to 36% with the inclusion of segmentation errors. However, SMIC estimation of total plot above-ground biomass (AGB) was within 9% of the ground-based estimate. Results are encouraging considering the mixed-species, multi-aged composition of the forest, and the combined effects of SMIC segmentation and lidar height errors.

No description available.