Publications
Publications:
“Fifty Betas” with P. Brown, Journal of Australian Security Analysts, 1974, 1-7.
“Evaluating Capital Investment Proposals” with G. N. Soutar, Economic Activity, 1976, 2-6.
“An Economic Analysis of Wood Chipping in Western Australia”, South-West Forests Defence Foundation, Nedlands, W.A., 1976, 20p.
“Some Cost-benefit Aspects of Wood-Chipping in Western Australia”, Economic Activity, 1976, 56-65.
“Indexing Industry Cost Increases”, with G. N. Soutar, Economic Activity, 1977, 38-52.
“Fifty Betas” with P. Brown, reprinted in Share Markets and Portfolio Theory, edited by Ball et al, 1980, 77-81.
“Sharemarket Efficiency and the Experts: Some Australian Findings” with P. Brown, Australian Journal of Management, 1982, 19-32.
“Australian Takeovers: Capital Market Efficiency and Shareholder Risk and Return”, Australian Journal of Management, June 1984, 63-118.
“The Trading Stock Valuation Adjustment: Some Extensions and Modifications”, with M. J. Aitken, Australian Journal of Management, December 1985, 77-96.
“The Relationship between Unsystematic Security Returns and Earnings Forecast Errors: Australian Findings”, with A. L. C. Loh, Accounting and Finance, May 1986, 13-24.
“Ex-Dividend Behaviour of Australian Share Prices”, with P. Brown, Australian Journal of Management, December 1986, 139-152.
“Accumulation Indices as Measures of Performance in Singapore”, Monograph, School of Accounting, National University of Singapore, January 1987, 23p.
“Allocation Patterns of New Issues in Singapore”, with F. Koh, SES Journal, September 1988, 4-9.
“Optimal Capital Structure: Implications for Government Business Enterprises”, Economic Papers, 8:3, September 1989, 44-54.
“A Direct Test of Rock's Model of the Pricing of Unseasoned Issues”, with F. Koh, Journal of Financial Economics, December 1989, 251-272.
“New Issues: Rationing - Adjusted Initial Returns and the Winner's Curse”, with F. Koh, Securities Industry Review, April 1990.
“Intraday Price Response and Order Imbalance Surrounding Earnings Releases”, with M. Aitken, P. Brown and A. Frino, ASX Perspective, 1995.
“An Intraday Analysis of the Probability of Trading on the ASX at the Asking Price”, with M. Aitken, P. Brown, H. Y. Izan and A. Kua, Australian Journal of Management, 1995, 115-154.
“An Analysis of the Source of Target Shareholder Gain in Takeovers”, with M. Bugeja, Accounting and Finance, 1995, 33-60.
“Economic Determinants of Qualified Audit Reports”, with Y. K. Chan, Asian Pacific Journal of Management, April 1996, 37-63.
“Expected and Realised Returns for Singaporean IPOs: Initial and Long-Run Analysis”, with P. Lee and S. Taylor, Pacific-Basin Finance Journal, 1996, 153-180.
“Price Clustering on the ASX”, with M. Aitken, P. Brown, C. Buckland and H. Y. Izan, Pacific-Basin Finance Journal, 1996, 297-314.
“Australian IPO Pricing in the Short and Long Run”, with P. Lee and S. Taylor, Journal of Banking and Finance, 1996, 1189-1210.
“An Investigation of the Enhanced Statutory Disclosure System”, with P. Brown and S. Taylor, Report on Continuous Disclosure: Appendix 6, Companies and Securities Advisory Committee, November 1996, 1-6.
“Enhanced Statutory Disclosure: Problems and Prospects”, with P. Brown and S. Taylor, Report on Continuous Disclosure: Appendix 7, Companies and Securities Advisory Committee, November 1996, 1-21.
“The Impact of Enhanced Statutory Disclosure Regime on Corporate Disclosure Policies”, with P. Brown and S. Taylor, Report on Continuous Disclosure: Appendix 8, Companies and Securities Advisory Committee, November 1996, 1-32.
“The Effect of the Enhanced Statutory Disclosure Regime on the Efficiency of the Australian Share Market”, with P. Brown and S. Taylor, Report on Continuous Disclosure: Appendix 9, Companies and Securities Advisory Committee, November 1996, 1-27.
“The ASX Equity and Option Markets: Does One Lead the Other?” with M. Aitken and E. Jarnecic, ASX Perspective, 1st Quarter, 1997,50-54.
“Estimates of the Impact of a ‘Traded Equity’ Tax on the Equities Market” with P. Swan, ASX Perspective, 3rd Quarter, 1998.
“The Effect of the Enhanced Statutory Disclosure Regime on the Efficiency of the Australian Share Market”, with P. Brown and S. Taylor, Abacus, 1999, 138-162.
“IPO Underpricing Explanations: Implications from Investor Application and Allocation Schedules”, with P. Lee and S. Taylor, Journal of Financial and Quantitative Analysis, 1999, 425-444.
“Method of Payment in Australian Takeovers”, with R. da Silva Rosa and H. Y. Izan, Australian Journal of Management, 2000, 67-94.
“The Lead-Lag Relationship between Equities and Stock Index Futures Markets around Information Releases”, with A. Frino and A. West, Journal of Futures Markets, 2000, 311-336.
“Corporate Executives’ Experiences of Continuous Disclosure” with H. Corlett and R. da Silva Rosa, Monograph No. 9, The Accounting Foundation, The University of Sydney, 188p.
“Capital Gains Tax and Initial Public Offerings” with R. da Silva Rosa and J. Muthuswamy, ASX Perspective, 1st Quarter, 2001, 63-66.
“An Analysis of Intraday Patterns in Effective Bid-Ask Spreads for NYSE-Listed Stocks”, with A. Frino and M. McCorry, International Quarterly Journal of Finance, 2002, 85-94.
“Initial and Long-Run Performance of Venture Capital Backed and Non-Venture Capital Backed IPOs” with Ray da Silva Rosa and Gerard Velayuthen, Pacific-Basin Finance Journal, 2003, 197-218.
“The Association between Audit Quality, Accounting Disclosures and Firm-Specific Risk: Evidence from Initial Public Offerings” with Philip Lee, Donald Stokes and Stephen Taylor, Journal of Accounting and Public Policy, 2003, 377-400.
“Momentum Returns in Australian Equities: The Influences of Size, Risk, Liquidity and Return Computation” with Isabelle Demir and Jay Muthuswamy, Pacific-Basin Finance Journal, 2004, 143-158.
“Corporate Governance, Insider Ownership and Operating Performance of Australian Initial Public Offerings”, with Maria C.A. Balatbat and Stephen L. Taylor, Accounting and Finance, 2004, 299-328.
“Market Returns To Acquirers of Substantial Assets” with Ray da Silva Rosa and Thuy Nguyen, Australian Journal of Management, 2004, 111-134.
“Australian Mergers and Acquisitions Since the 1980s: What Do We Know and What Remains to Be Done?”, with Ray da Silva Rosa, Australian Journal of Management, 2004, i-xiii.
“Competition in the Market for Takeover Advisers” with Ray da Silva Rosa, Phillip Lee and Michael Skott, Australian Journal of Management, 2004, 61-92.
“The Demutualisation of the Australian Stock Exchange” with Tom Cowan and Ray da Silva Rosa, SAI Global Ltd., 2005, Sydney.
“Expert Reports in Australian Takeovers: Fees and Quality” with Martin Bugeja and Ray da Silva Rosa, Abacus, 307-322, 2005.
“Do Informed Traders Win? An Analysis of Changes in Corporate Ownership around Substantial Shareholder Notices” with Raymond da Silva Rosa and Nirmal Saverimuttu, The International Review of Finance, 113-148, 2005.
“The Reach of the Disposition Effect: Large Sample Evidence Across Investor Classes” with Philip Brown, Nick Chappel and Ray da Silva Rosa, The International Review of Finance, 43-78, 2006.
“IPO Flipping in Australia: Cross-Sectional Explanations” with Luke Bayley and Philip Lee, Pacific-Basin Finance Journal, 327-348, 2006.
“Investors’ Trading Behaviour and Performance; Online verses Non-online Equity Trading in Korea” with Natalie Oh and Jerry Parwada, Pacific-Basin Finance Journal, 26-43, 2008.
“Does a Quality Premium Exist in M&A Advisory Fees?” with A. Yawson and C. Yeung, forthcoming Pacific-Basin Finance Journal, 2008.
“Ex-Dividend Day Behaviour in the Absence of Taxes and Price Discreteness” with Khamis Al-Yahyaee and Toan Pham, forthcoming in The International Review of Finance, 2008.
"The Effect of Investor Category Trading Imbalances on Stock Returns" with David Calwell and Julia Henker, forthcoming in The International Review of Finance, 2008.