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
Antje was recently recognised by the ARC through receipt of prestigious Discovery Projects funding
Antje Berndt will use the funding to examine the impact of COVID-19 economic-stimulus measures on corporate stakeholders.
Australia's economic response to COVID-19 saw cash injections to companies and bailouts of some insolvent firms. Antje’s project aims to quantify the market value of these government subsidies and how it was shared across corporate stakeholders.
Antje and her project collaborator, Professor Darrell Duffie from Stanford University, will also contribute to the design of financial stability regimes by developing a world-first dynamic structural model of firm assets that allows for government interventions both prior to and at default.
“Benefits extend to Australian taxpayers through the development of crucial cost-benefit analysis tools aimed at assessing, and enhancing public trust in, the effectiveness of emergency economic relief measures,” shares Antje.
Best Discussion Award
Yichao Zhu has won the Best Discussion Award at the 8th Annual Melbourne Asset Pricing Meeting held 26th October 2021.
MDUF Research Award
Geoff Warren was honored with the MDUF Research Award, for his paper “Choosing and Using Utility Functions in Forming Portfolios for Comparing Retirement Income Strategies: A Road Test”.
National teaching citation
Ding Ding's contribution to teaching was recognised with a Citation for Outstanding Contributions to Student Learning from the Australian Awards for University Teaching.
CFA Asia-Pacific Research Exchange Prize
Takeshi Yamada and his co-authors win the CFA Asia-Pacific Research Exchange Prize for papers submitted to the Politics, Stock Markets and the Economy Conference, for "The BOJ Large-scale Purchases of ETFs: Float Reduction and Its Impacts Market Frictions" with Zhuo Chen, Keiichi Ito and Bohui Zhang.
ARC grant success
Meijun Qian was awarded an ARC Discovery Projects grant, for the proposal "Transport and productivity, a study on Australia's largest trading partner."
This project aims to study how transport infrastructure supports innovations, productivity gains, and industrial development. This project will study the effects of this development on productivity and resource allocation in the manufacturing sector, output and efficiency growth, and the spatial allocation of capital and labour inputs. The project expects to build a geospatial database covering China's full transportation network from 1993-2014, merge this database with manufacturing plants’ longitudinal data, and apply (quasi)-natural experiments for analyses. Knowledge derived from this project will be significant for Australia because China’s productivity, resource allocation, and competitive advantage directly impact Australia’s industrial development, employment and sustainable economic growth.
Runner up, Pearson Prize for Best Paper in Financial Management
Jun-Koo Kang and Le Zhang for "Do Outside Directors with Government Experience Create Value?"
Jun-Koo Kang and Le Zhang were runner up for the Pearson Prize for the Best Paper in Financial Management for their work Do Outside Directors with Government Experience Create Value?
CONFERENCES AND WORKSHOPS
ANU-RSFAS research camp
ANU-RSFAS hosts an annual summer research camp. Please see information about the 2019 camp here.
ANU-FIRN Banking and Financial Stability Meeting
The Finance Research Network (FIRN) in partnership with ANU hosts the annual FIRN Banking and Financial Stability Research Group meeting. The aim of these meetings is to bring together a vibrant and collegial community of academics doing research in the topic area; to promote connections between a well-known international academic, the local research community and industry; and to create a platform for exposure of cutting edge research being conducted at FIRN member institutions.