Browsing by Author "Keef, Stephen"
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Item Restricted FINA201: Finance: Introduction to Corporate Finance(Victoria University of Wellington, 2010) Keef, StephenItem Restricted MOFI201: Money and Finance: Finance(Victoria University of Wellington, 2007) Keef, StephenItem Restricted MOFI201: Money and Finance: Finance(Victoria University of Wellington, 2009) Keef, StephenItem Restricted MOFI201: Money and Finance: Finance(Victoria University of Wellington, 2005) Keef, StephenItem Restricted MOFI201: Money and Finance: Finance(Victoria University of Wellington, 2008) Keef, StephenItem Open Access On the dynamics of international stock market efficiency(Te Herenga Waka—Victoria University of Wellington, 2011) Khaled, Mohammed; Keef, StephenPurpose – to measure the temporal change in market efficiency of 17 international stock indices based on small firms.Item Open Access The Pure Rate Variance(Te Herenga Waka—Victoria University of Wellington, 2005) Bradshaw, John; Keef, Stephen; Roush, MelvinThe direct material cost variance can be subdivided into a price variance, a quantity variance and a price-quantity interaction variance. The price-quantity interaction variance is rarely mentioned in the literature because the traditional price variance does not acknowledge an interaction variance. For a number of pragmatic reasons, this approach may be justified for the direct material price variance. The direct labor cost variance is conceptually similar to the direct material cost variance. Accordingly, the traditional direct labor rate variance also includes a rate-efficiency interaction variance. However, the justifications for incorporating the interaction variance into the direct material price variance do not apply to the direct labor rate variance. This paper explores the possibility of separating the rate-efficiency interaction variance from the direct labor rate variance. This approach may be more aligned with the concept of responsibility accounting than the traditional method of calculating the direct labor rate variance. Thus, it may provide more reliable information feedback for decision-making purposes.
