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Dr Marie dela Rama

Lecturer, Management Discipline Group
Core Member, Centre for Corporate Governance
B.Bus (Hons) B.A (UTS), PhD (Corporate Governance)
Member, Australian and New Zealand Academy of Management (ANZAM)
 
Phone
+61 2 9514 3635
Room
CB08.06.19A
Can supervise: Yes

Chapters

dela Rama, M.J. 2012, 'Family-Owned Asian Business Groups and Corporate Governance' in Clarke, T. & Branson, D. (eds), The SAGE Handbook of Corporate Governance, SAGE Publications Limited, London, UK; Thousand Oaks, CA, pp. 406-427.
View/Download from: UTS OPUS
The following URL contains the details of the edited book. http://www.uk.sagepub.com/books/Book230401?siteId=sage-uk&prodTypes=any&q=branson&fs=1#tabview=toc I have received the PDF copy of my chapter from the publisher which I can send.
dela Rama, M.J. & Clarke, T. 2008, 'Introduction: The Fundamentals of Corporate Governance' in Clarke, T. & dela Rama, M. (eds), Fundamentals of Corporate Governance, SAGE Publications Limited, London, pp. 1-22.
Each of the four volumes address a major theme, examine historical and current debates, analyze research findings, and project policy development.
Clarke, T. & dela Rama, M.J. 2004, 'The impact of socially responsible investment upon corporate social responsibility' in Crowther, D. & Rayman-Bacchus, L. (eds), Perspectives on Corporate Social Responsibility, Ashgate Publishing, Adershot, pp. 161-185.

Conferences

dela Rama, M.J., Volonte, C. & Zaby, S. 2013, 'Ceteris Paribus: Corporate Governance Practices in the Philippines and Switzerland', 27th Australia and New Zealand Academy of Management Conference 2013, 27th Australia and New Zealand Academy of Management, Australia and New Zealand Academy of Management, Hobart, Tasmania, pp. 1-23.
View/Download from: UTS OPUS
Double peer-reviewed conference paper held in December 2013
Baldwin, R., Chenoweth, L., Dela Rama, M. & Liu, Z. 2014, 'Quality failures in residential aged care in Australia: The relationship between structural factors and regulation imposed sanctions.', Australas J Ageing.
View/Download from: Publisher's site
AIM: To examine the relationship between structural factors and the imposition of sanctions on residential aged care services across Australia for regulatory compliance failure. METHODS: Poisson Regression analysis was used to examine the association between the number of sanctions imposed and the structural characteristics of residential aged care services in Australia. RESULTS: Residential aged care services that have a greater likelihood of having government sanctions imposed on them are operated by for-profit providers and located in remote locations and in Victoria, Queensland, South Australia, Northern Territory and the Australian Capital Territory. CONCLUSION: The findings confirm the international literature on the relationship between residential aged care service location, ownership type and the likelihood of sanctions. In the light of the predicted expansion of residential aged care services, policy makers should give consideration to structural elements most likely to be associated with a failure to meet and maintain service standards.
dela Rama, M. & Dalton, B.M. 2014, 'The Visible Arm of Government - Corporate Governance of South Korean Chaebols', 28th ANZAM Conference 2014, 28th ANZAM Conference 2014, ANZAM, UTS, Sydney.
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Private sector ownership in South Korea is dominated by chaebols. Chaebols are business groups and are 'collections of firms bound together in some formal and/or informal ways, characterized by an 'intermediate' level of binding.' (Granovetter 2001: 69-70) This paper discusses the corporate governance environment of South Korea and its chaebols. While chaebols are key actors in South Korea's development, this paper extensively discusses the very visible arm of government and how chaebols have had to navigate their relationship with the state in order to continue their operations. The might of the state will continue to dominate chaebol decision making and structure.
dela Rama, M.J. & Wood, J. 2014, 'Diversity on Boards of Directors – A Preliminary Exploratory Study', Australian and New Zealand Academy of Management (ANZAM) 28th Conference, University of Technology Sydney.
View/Download from: UTS OPUS
Baldwin, R.J., Chenoweth, L. & dela Rama, M.J. 2013, 'Managing at the edge of an ageing Australia: Trends in the organisation ofresidential aged care in Australia :are we learning from evidence', Australian New Zealand Academy of Management, Australian New Zealand Academy of Management, Hobart, Tasmania, pp. 1-1.
This paper reports the analysis of trends in the structural elements of the residential aged care industry in Australia over the ten years to 2012 and finds that the average size of services and the proportion of services provided by for-profit providers are increasing, in urban Australia, with the opposite trends in regional and remote locations. These trends are discussed within the current policy parameters of the Australian government and the recommendations of recent commissioned reviews
dela Rama, M.J. & Errington, A.E. 2012, 'The Pivotal Role of and Pervasive Influence of Business Groups in East Asia', Managing for Volatility and Instability, 26th Annual Australian and New Zealand Academy of Management Conference (ANZAM 2012), 26th Annual Australian and New Zealand Academy of Management Conference, Perth Convention Center, Western Australia, pp. 1-28.
View/Download from: UTS OPUS
Double peer-reviewed conference: "The invitation to ANZAM members, both academic and practitioner, and professionals with a passion, interest and experience in management and associated fields to join us for the 26th ANZAM Conference resulted in the submissions of over 400 papers. After the traditional ANZAM double blind peer review under the guidance of the stream chairs, the papers that meet the required academic rigour and standard are included in these Conference Proceedings presented over the three day conference. The double blind peer review process resulted in the acceptance of 285 papers, all presented in the traditional ANZAM discipline and interest sessions as clustered by the stream chairs."
Hermens, A., dela Rama, M.J. & Hermens, G. 2012, 'Strategic Decision-Making and Board Leadership at an Australian Credit Union', 26th Annual Australia and New Zealand Academy of Management Conference, 26th Annual Australia and New Zealand Academy of Management Conference, Australia and New Zealand Academy of Management Conference, Perth Convention Centre, Western Australia, pp. 1-18.
View/Download from: UTS OPUS
Double peer-reviewed: "The invitation to ANZAM members, both academic and practitioner, and professionals with a passion, interest and experience in management and associated fields to join us for the 26th ANZAM Conference resulted in the submissions of over 400 papers. After the traditional ANZAM double blind peer review under the guidance of the stream chairs, the papers that meet the required academic rigour and standard are included in these Conference Proceedings presented over the three day conference. The double blind peer review process resulted in the acceptance of 285 papers, all presented in the traditional ANZAM discipline and interest sessions as clustered by the stream chairs."
dela Rama, M.J. 2010, 'Going to Market: Family-Owned Business Groups, Financing and Corporate Governance', Annual Meeting of European Academy of Management: Back to the Future, Annual Meeting of European Academy of Management, Corporate Governance Track No.7 on âCorporate Governance and the Crisis of Financializationâ?, Rome, Italy, pp. 1-48.
Conference paper was double peer-reviewed. Following website contains abstract of paper. http://www.economia.uniroma2.it/euram/paper_view.php?id=1565&p=10
dela Rama, M.J. 2010, 'The dominance of family owned business groups in the Philippines', 24th Annual Australian and New Zealand Academy of Management Conference : Managing Unknowable Futures, Australian and New Zealand Academy of Management Conference, ANZAM, Adelaide Convention Centre, pp. 1-15.
View/Download from: UTS OPUS
Family-owned business groups have long dominated the East Asian corporate landscape. This paper looks at the dominance of business groups in the Philippines and tries to explain their dominance by their role as filling the institutional voids left by government due to decades of political and economic instability. The paper also discusses the applicability of agency theory in the country. Finally, the paper looks at the downside to this common form of corporate organizing and how family businesses reflect the oligarchical nature of the countryâs stratified society.
dela Rama, M.J. 2010, 'Adventures with NVivo: Analysing ethnographic results and the particularistic aspect of node saturation', 24th Annual Australian and New Zealand Academy of Management Conference : Managing Unknowable Futures, Australian and New Zealand Academy of Management Conference, ANZAM, Adelaide Convention Centre, Australia, pp. 1-15.
View/Download from: UTS OPUS
This paper looks at a researcher's experience of analysing results from an ethnographic study of corporate governance in a developing country. After collecting three forms of data - interview questionnaire, media articles and participant observation - a computer assisted qualitative analysis data program called NVivo was applied. This paper looks at the âadventureâ or experience of analysing the data and the particularistic concept of node saturation that emerged whilst using the program to analyse the data. The use of NVivo has allowed for a thicker and richer discovery and analysis of the data but the inductive method applied in the analysis was also a time-consuming aspect in this particular research experience.
dela Rama, M.J., Edwards, M. & Dalton, B.M. 2008, 'Honourable Intentions? Analysing Private Equity's Interests in the Aged Care Sector', Australia and New Zealand Third Sector Review 9th Biennial Conference, Australia and New Zealand Third Sector Review 9th Biennial Conference, ANZTSR, Auckland University of Technology City Campus, Auckland, New Zealand, pp. 1-27.
The abstract for the conference paper was accepted and currently appears on p.19 of the full list of abstracts for the conference. This paper was co-written with Melissa Edwards and Bronwen Dalton. This paper is currently under peer review for publication in a journal.
dela Rama, M.J. 2007, 'Private equity enters the Australian aged care system', Aged and Community Services Australia, National Conference and Trade Exhibition, Melbourne.
I was a speaker at the 2007 national conference of the Aged and Community Services Australia which represents the non-profit and community organizations that provide aged care. I spoke on the entrance of private equity players into the sector. I was the first speaker for the session on Financial Sustainability which was held on the 2nd day of the conference. There were 3 speakers in my session and the session was chaired by the CEO of Aged Care Queensland.
dela Rama, M.J. 2007, 'The Impact of Corporate Governance Reforms on Two Asia Pacific Stock Exchanges', 2nd Asia Pacific Economic Business History Conference: Varieties of Capitalist Development and Corporate Governance, Asia Pacific Economic Business History Conference, APEBH, Sydney, Australia, pp. 1-32.
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Stock markets and their institutional administrators - stock exchanges - play important roles in âfostering good standards of corporate governance.â (Maasen 1999:80) They are important corporate governance institutions in countries being intrinsically involved in the life cycle of public companies through listing, overseeing, regulating and delisting. In essence, they play a central role in the economic activities of the private sector. According to Summers (1987), financial markets are the wheels of economic growth, and âlocal stock exchanges are the keystone of the financial market-centred model of national economic growth.â (Weber & Davis 2000: 4). Stock markets channel capital, are mechanisms for effective governance, and are a fulcrum for producing institutional and social change within an economy. Firstly, this paper discusses the major corporate governance systems around the world. Secondly, current corporate governance reforms are examined with reference to the profound influence of the OECD Principles of Corporate Governance (1999, revised 2004), and the criticism of the Principles. Thirdly, the growth of capital markets from 1990 to 2005 and the dominance of Anglo-American stock exchanges are examined. Fourthly, the state of two stock exchanges in two Asia Pacific countries with differing socio-economic histories is compared: the Australian Stock Exchange with the Philippine Stock Exchange. Finally, the paper concludes with recommendations for the future direction of corporate governance reforms.
dela Rama, M.J. 2007, 'Private equity and the aged care sector', Paid Care Research Network Symposium: For Profit Providers of Paid Care, Faculty of Education Building, University of Sydney.
ABSTRACT: This presentation looks at the entrance of private equity into the aged care sector. The 'new' owners in the aged care sector can be characterized by the ownership structure and investment horizon of their corporate entity. As the name suggests, the shares of private equity entities are generally not listed and are held in private hands. Due to the nature of private equity investing, aged care facilities are seen as part of a portfolio of assets. Therefore, the performance of this portfolio depends on the other assets (such as roads, airports, car parks etc). As this is an emergent ownership trend, more research is required to further analyse the impact of private equity owners on the aged care sector.
dela Rama, M.J. & Clarke, T. 2006, 'A tale of two stock exchanges: Globalisation, corporate govenance and convergence.', XVI ISA World Congress of Sociology: The Quality of Existence in Globalising World, XVI ISA World Congress of Sociology: The Quality of Existence in Globalising World, ISA, Durban, South Africa.
Clarke, T. & dela Rama, M.J. 2004, 'Sustainable & Responsible Investment : Creating Knowledgeable Action', -, European Academy of Management Meeting, -, New Orleans, USA.

Journal articles

Baldwin, R., Chenoweth, L. & dela Rama, M. 2015, 'Residential Aged Care Policy in Australia - Are We Learning from Evidence?', AUSTRALIAN JOURNAL OF PUBLIC ADMINISTRATION, vol. 74, no. 2, pp. 128-141.
View/Download from: UTS OPUS or Publisher's site
Dalton, B. & dela Rama, M. 2014, 'Business Ethics During Mixed Modes of Exchange: South Korean Chaebol's Succession Challenge', KOREA OBSERVER, vol. 45, no. 3, pp. 415-435.
View/Download from: UTS OPUS
Baldwin, R., Chenoweth, L., dela Rama, M.J. & Liu, Z. 2014, 'Quality failures in residential aged care in Australia: The relationship between structural factors and regulation imposed sanctions', Australasian Journal on Ageing.
View/Download from: UTS OPUS or Publisher's site
Aim To examine the relationship between structural factors and the imposition of sanctions on residential aged care services across Australia for regulatory compliance failure. Methods Poisson Regression analysis was used to examine the association between the number of sanctions imposed and the structural characteristics of residential aged care services in Australia. Results Residential aged care services that have a greater likelihood of having government sanctions imposed on them are operated by for-profit providers and located in remote locations and in Victoria, Queensland, South Australia, Northern Territory and the Australian Capital Territory. Conclusion The findings confirm the international literature on the relationship between residential aged care service location, ownership type and the likelihood of sanctions. In the light of the predicted expansion of residential aged care services, policy makers should give consideration to structural elements most likely to be associated with a failure to meet and maintain service standards.
dela Rama, M. 2012, 'Corporate Governance and Corruption: Ethical Dilemmas of Asian Business Groups', JOURNAL OF BUSINESS ETHICS, vol. 109, no. 4, pp. 501-519.
View/Download from: UTS OPUS or Publisher's site
dela Rama, M.J., Edwards, M., Dalton, B.M. & Green, J. 2010, 'Honourable Intentions? Analysing the interests of private equity in the aged care sector', Third Sector Review, vol. 16, no. 3, pp. 63-82.
View/Download from: UTS OPUS
The Australian aged care industry was once dominated by non-profit organisations but recently ownership has changed significantly with the entry of for profit and in particular private equity investment vehicles. This paper provides an overview of the main players and the effects of private equity on the Australian aged care sector. The analysis is framed within the literature which examines the relationship between ownership type and the quality of community services. It also presents a series of case studies which suggest that a change of ownership from non-profit to private equity may have significant consequences for the quality of service provision.
dela Rama, M.J. 2009, 'Pension funds in a highly politicised environment: The case of the Philippines', Pensions: An International Journal, vol. 14, no. 4, pp. 242-258.
View/Download from: UTS OPUS or Publisher's site
This article seeks to contribute to greater understanding of the challenges faced by pension funds in developing countries. This paper reviews the investment decisions and strategies of two government owned pension funds in a highly politicized environment. The Government Service Insurance System (GSIS) and the Social Security System (SSS) are both government owned pension funds located in the Philippines. Interviews were conducted in 2007 with representatives from both pension funds, and other public and private sector interviewees as part of a broader research into the turbulent corporate governance landscape of the country. Feedback from reviewers: "With regards to your article, one reviewer was very complimentary; noting that your paper combined politics, history and some relevance to pensions reform around the world with an emphasis on investment. The Guest Editor for the special issue echoed these thoughts by highlighting the political issues that your paper raised." email correspondence from Victoria Rae, Publications, Palgrave MacMillan, 15 June 2009
dela Rama, M.J. 2007, 'Aged care money may be heading in wrong direction.', The Age: Business Day, vol. September, no. 16th, pp. 6-6.
I was asked to write an opinion piece for the Melbourne newspaper, The Age, which was based on my presentation at the Aged and Community Services Australia held in Melbourne. This article appeared on 16th September 2007, the day of my conference presentation.
dela Rama, M.J. 2007, 'Private equity, subsidies and the care sector', Brisbane Line, vol. 8, no. November.
We are hearing more and more about private equity nowadays. But while it is growing in importance and influence, the nature and purposes of private equity appear little understood. In this article, Marie dela Rama shines a light on recent private equity activity in the aged care sector in Australia and around the world.

Non traditional outputs

dela Rama, M.J. 2007, 'Private Equity and the Australian Aged Care Sector', Perspective Program, ABC Radio National, ABC Studios, Ultimo, Sydney.
This was a radio broadcast I made for the Perspective program of ABC Radio National, 576AM. It was first broadcast on the 26th of September 2007 at 5:55pm and the duration was 5 minutes. The transcript is available on the followng website http://www.abc.net.au/rn/perspective/stories/2007/2041382.htm

Other

dela Rama, M.J., 'Corporate Governance Reforms in the Philippines: An Ethnographic Approach'.
This research investigates the impact of corporate governance reforms in Philippine institutions and firms. Literature reviewed looks at the macro and micro view of corporate governance theories and the prevailing business environment. The methodology of this research applies an ethnographic approach combining both deductive and inductive inquiries with a triangulated method using interviews, media articles and participant observation. Collection of the interview data occurred over four intensive months whilst in situ in Manila, Philippines. The data was then analysed using the NVivo qualitative analysis computer program. The results of my data collection and analysis are explained and distilled in six chapters. They are: - Chapter 4: Business and Corporate Governance Environment - Chapter 5: The Regulators - Chapter 6: Business Groups: The Owners of Companies - Chapter 7: The Board and Management: The Controllers of the Company - Chapter 8: The Government Financial Institutions - Chapter 9: Corruption The thesis concludes with a chapter on a summary of the research findings and recommendations for policy and practice.

Reports

dela Rama, M.J., Edwards, M. & Dalton, B.M. Australian Parliament House 2008, Submission No. 14 to the Australian Senate Community Affairs Committee on the Inquiry into the the Aged Care Amendment (2008) Measures No. 2 Bill, pp. 1-12, Canberra, Australia.
View/Download from: UTS OPUS
With two other School of Management colleagues, Melissa Edwards and Bronwen Dalton, we made this submission into the following Community Affairs Committee Inquiry. This submission was later cited by Ian Verrender, a Sydney Morning Herald journalist in his business column "Profit Not Improvement", 29th November 2008 http://business.smh.com.au/business/profit-not-improvement-the-motive-for-many-in-care-sector-20081128-6mz2.html
dela Rama, M.J. Parliament House 2007, Submission No.5 to the Australian Senate Economics Committee on Private Equity, pp. 1-13, Canberra.
I made a submission to the Senate Economics Committee on Private Equity Investment. My submission was cited on pages 53-54 of the main report "Private Equity Investment in Australia". The report is located here: http://www.aph.gov.au/Senate/committee/economics_ctte/private_equity/report/