The Finance group undertakes rigorous theoretical and empirical research in asset pricing, corporate finance and banking. Our faculty have access to excellent research facilities and weekly seminar and brown bag series. Our research is published in leading scientific journals and discussed at national and international conferences. Further information about research interests can be found on the profile pages of the Finance faculty. We engage with government and business entities and offer rigorous, state-of-the-art programs in finance for undergraduate, Masters and Ph.D. students.
NEWS
Upcoming conference
The ANU-FIRN Money, Credit and Financial Stability Meetingwill be held in Canberra on 18th September 2026. Jun Pan, SAIF Chair Professor at the Shanghai Advanced Institute of Finance, will give the keynote. The Call for Papers is here (Submission deadline: 21 June 2026).
Award
Anna von Reibnitz and Jananie William received the Fran Hayes Award Special Commendation (as the runner-up for the main award) for their paper: Curtis, S., William, J., von Reibnitz, A., Glennie, M. and Pekarek, A. 2025. “Bridging disclosure and action: The role of intermediaries in gender pay gap regulation”, Journal of Industrial Relations
Top publication
Congratulations to Kelly Liu and Kun Li for their publication in the internationally renowned journal, Management Science!
Top publication
Congratulations to Chao Gao for his publication in the internationally renowned journal, Management Science.
Top publication
Antje Berndt and Yichao Zhu published their paper “The Decline of Too Big to Fail” in the American Economic Review - one of the world’s most premiere journals.
Selected recent publications
Do Borrowers’ Cultural Norms Matter in Marketplace Lending? Evidence From Local Confucianism
Li, J., Zhang, B., Zhang, L., & Zhang, W. (2026). Forthcoming in Financial Management
A Hidden Cost of ETF Investing: Retail Demand Shocks and Limits to Arbitrage
Liu, X., Zhang, T. & Zhang, Y. (2026). Forthcoming in the Journal of Banking and Finance
The Sensitivity of Bank Performance to Local Housing Prices: Evidence from Diversified and Local Banks
James, C., Le, N., & Nguyen, D. (2026). Forthcoming inthe Journal of Banking Finance and Accounting
The Role of Credit Rating Purchases in S&P 500 Membership Decisions
Li, K., Liu, X., & Wei, S-J. (2025). Forthcoming in Management Science
TARP from the Banks’ Perspective: Evidence from Conference Calls
Liu, X., & Helwedge, J. (2025). Forthcoming in the Journal of Financial Intermediation
Uncertainty Risk Resolution Before Earnings Announcements
Gao, C., Hu, G. X., & Zhang, X. (2025). Forthcoming in Management Science
Managerial Ownership in a Private Firm Framework
Gao, C. & Johnston, M. (2025). Forthcoming in the Review of Corporate Finance Studies