Deputy Vice-Chancellor, Research, Partnerships and International

Professor Alex Frino, Deputy Vice-Chancellor Research, Partnerships and International

Professor Alex Frino

Professor Alex Frino PhD CPA EOHSJ is the Deputy Vice-Chancellor (Research, Partnerships and International). He has previously held senior leadership positions at a number of Australian universities.

Dr Frino is a distinguished economist and alumnus of the University of Cambridge and Sydney. He is a former two-time Fulbright Scholar and one of the best-published financial economists in the world according to an influential survey with over 100 papers in leading international scholarly journals.

Professor Frino was previously Chief Executive Officer of the Capital Markets Cooperative Research Centre - a $100 million federal government research installation which partnered with a large number of international financial institutions. He has held visiting positions at important Universities in Italy, New Zealand, the UK and the United States and with a number of financial market organisations including the Sydney Futures Exchange, Credit Suisse and the Commodity Futures Trading Commission in the USA. He is often called upon to act as an expert witness in court cases relating to financial market fraud and financial disclosure.

  • Research expertise and supervision

    Alex’s expertise is in finance and the impacts of cybersecurity.

    Alex has supervised 18 PhD students to completion, with a focus around financial markets.

    Research Grants

    • 2023-2026 “Faculty of the Future Grant”, UAE Ministry of Education, with V. Ramiah and Payyazhi Jayashree, (2.98 million Dirhams).
    • 2014-2026 “Understanding market mechanisms in equities markets to improve their efficiency” ARC Linkage Grant with A. Lepone and J Wong ($343,000).
    • 2013-2020 Capital Markets Cooperative Research Centre ($112 million) – Key Researcher with 14 other academics.
    • 2007-2012 Capital Markets Cooperative Research Centre ($104 million) - Key Researcher with 12 other academics.
    • 2010-2012 “Understanding market mechanisms and determinants of transaction costs to achieve greater efficiency in Australian fixed income markets” ARC Linkage Grant with A. Lepone, D. Gerace and D. Griffiths ($1.39 million).
    • 2008-2010 “Understanding market mechanisms to achieve greater efficiency in the Australian residential real estate market” ARC Linkage Grant with A. Lepone, J. Gans and B. Nalebuff ($1.2 million).
    • 2005-2007 “Equity Market Integrity and Liquidity” ARC Linkage Grant with C. Comerton-Forde and T. McInish ($1 million).
    • 2005-2007 “CEO Remuneration, Organisational Performance and Corporate Governance in Australian Listed Companies” ARC Discovery Grant with J. Shields, M. O’Donnell and J. O’Brien ($1 million).
    • 2002-2005 “What Is the Optimal Level of Transparency and Should Off-Market Block Trading exist in Futures Markets?” ARC SPRT Grant with E. Jarnecic, T. Brailsford and H. Berkman ($1.3 million).
    • 2001-2003 “The Impact of the Introduction of Screen Trading at the Hong Kong, London and Sydney Futures Exchanges on Market Efficiency” ARC SPRT Grant with E. Jarnecic, M. Aitken and T. McInish ($201,290).
    • 2000-2007 Cooperative Research Centre for Technology Enabled Capital Markets, Key Researcher ($50 million).
    • 1997-1999 “Improving the efficiency of futures markets”, ARC Collaborative Grant, with M. Aitken, P. Swan and T. Walter ($750,000).

  • Books

    • An Introduction to Corporate Finance, with various authors, Pearson Education, 6th edition
    • An Introduction to Corporate Finance, with A. Hill and Z. Chen, Pearson Prentice Hall, (2012), 5th edition
    • An Introduction to Corporate Finance, with A. Hill and Z. Chen, Pearson Prentice Hall, (2009), 4th edition
    • An Introduction to Corporate Finance, with Z. Chen, A. Hill, C. Comerton-Forde and S. Kelly, Pearson Education, (2006), 3rd edition
    • An Introduction to Corporate Finance, with S Kelly, C. Comerton-Forde, T. Cusack and K. Wilson, Pearson Education, (2004), 2nd edition
    • Introduction to Futures and Options Markets in Australia, with E. Jarnecic, Pearson Education, (2005)
    • An Introduction to Corporate Finance, with T. Cusack and K. Wilson, Prentice-Hall, (2001)

  • Journal articles and proceedings

    • “Price Discovery in Bitcoin Spot or Futures? The Jury Is Out”, Journal of Futures Markets, (2025) vol. 45, Issue 4, pp. 269-288 with R. Gaudiosi, R. Webb and I. Zhou. (ABDC Journal Ranking – A)
    • “The effects of polluting behaviour, dirty energy and electricity consumption on firm performance: Evidence from recent crises”, Energy Economics, (2024) Vol. 129, Issue: January, 107247 with H. Pham, V. Ha, H. Le and V. Ramiah. (ABDC Journal Ranking A*)
    • “Does information asymmetry predict audit fees?”, Accounting and Finance, with R. Palumbo & P. Rosati (2022), vol. 63, Iss. 2, 2597-2619. (ABDC Journal Ranking – A)
    • “Reporting delays and the information content of off-market trades”, Journal of Futures Markets, (2022) vol. 42, Issue 11, pp. 2053-2067 with L. Galati and D. Gerace. (ABDC Journal Ranking – A)
    • “Off-market block trades: New evidence on transparency and information efficiency”, Journal of Futures Markets, (2021) vol. 41, Issue 4, pp. 478-492. (ABDC Journal Ranking – A)
    • “The sensitivity of trading to the cost of information”, Journal of Futures Markets, with Kovačević, O. and V. Mollica (2020) vol. 40, Issue 10, pp. 1631-1644.  (ABDC Journal Ranking – A).
    • “Impact of algorithmic trading on speed of adjustment to new information: Evidence from interest rate derivatives”. Journal of Futures Markets with Garcia, M., & Zhou, Z (2020) vol. 40, Issue 5, pp. 749-760. (ABDC Journal Ranking – A).
    • “Depths and spreads in futures markets: Relationship with order execution, submission, and cancellation”, Journal of Futures Markets, with V. Mollica, and O. Kovačević, (2019) Vol. 39, Issue 5, pp. 590-599. (ABDC Journal Ranking – A)
    • “Are paper winners gamblers? Evidence from Australian retail investors”, Accounting and Finance, with G. Lepone & D. Wright, (2019) vol. 59, Issue 51, pp. 593-614. (ABDC Journal Ranking - A)
    • “The impact of commodity benchmarkets on derivative markets: The case of dated Brent assessment and Brent futures”, Journal of Banking and Finance, with G. Ibikunle, V. Mollica and T. Steffan, (2018) Vol. 95, October, pp. 27-43. (ABDC Journal Ranking – A*)
    • “The Impact of CEO Narcissism on Earnings Management”, ABACUS, with F. Capalbo, V. Mollica, Y.M. Ling and R. Palumbo, (2018) Vol. 54, Issue 2, pp. 210-226. (ABDC Journal Ranking – A*)
    • “Should Macro-Economic Information Be Released During Trading Breaks in Futures Markets?”, Journal of Futures Markets, with M. Garcia, (2018) Vol. 38, Issue 7, pp. 775-787. (ABDC Journal Ranking - A)
    • “The Impact of CEO Narcissism on Earnings Management”, ABACUS, with F. Capalbo, V. Mollica, Y.M. Ling and R. Palumbo, (2018) vol. 54, no. 2, pp. 210-26. (ABDC Journal Ranking – A*)
    • “Price discovery in short‐term interest rate markets: Futures versus swaps”, Journal of Futures Markets, with M. Garcia, (2018) vol. 38, no. 10, pp. 1179-88. (ABDC Journal Ranking - A)
    • “Asymmetry in the Permanent Price Impact of Block Purchases and Sales: Theory and Empirical Evidence”, Journal of Futures Markets, with V. Mollica, M. Romano & Z. Zhou, (2017) vol. 37, no. 4, pp. 359-73. (ABDC Journal Ranking - A)
    • “Are hedgers informed? An examination of the price impact of large trades in illiquid agricultural futures markets”, Journal of Futures Markets, with A. Lepone, V. Mollica & S. Zhang, (2016). Vol. 36, No. 6, 612–622. (ABDC Journal Ranking - A)
    • “The effect of algorithmic trading on market liquidity: Evidence around earnings announcements on Borsa Italiana”, Pacific-Basin Finance Journal, with V. Mollica, E. Monaco & R. Palumbo, (2016). (ABDC Journal Ranking - A)
    • “The impact of latency sensitive trading on high frequency arbitrage opportunities”, Pacific-Basin Finance Journal, with V. Mollica, R. Webb & S. Zhang, (2016). (ABDC Journal Ranking - A)
    • “Investor characteristics and the disposition effect”, Pacific-Basin Finance Journal, with G. Lepone, & D. Wright, (2016), 31, pp. 1-12. (ABDC Journal Ranking - A)
    • “An empirical analysis of algorithmic trading around earnings announcements”, Pacific-Basin Finance Journal, with T. Prodromou , G. Wang,  J. Westerholm & H. Zheng, (2015). (ABDC Journal Ranking - A)
    • “Commonality in liquidity across international borders: evidence from futures markets”, Journal of Futures Markets, with V. Mollica & Z. Zhou, (2014), 34(8), 807-818. (ABDC Journal Ranking - A)
    • “Accrual-based earnings management in state owned companies: implications for transnational accounting regulation”, Accounting, Auditing and Accountability Journal, with F. Capalbo, V. Mollica, & R. Palumbo, (2014), 27(6), 1026-1040. (ABDC Journal Ranking - A)
    • Market behaviour of institutional investors around bankruptcy announcements”, Journal of Business Finance and Accounting, (2014), with S. Jones, A. Lepone, A., & J.B. Wong, (2014), 41(1-2), pp. 270-295. (ABDC Journal Ranking - A)
    • “The Impact of Co-Location of Securities Exchanges’ and Traders’ Computer Servers on Market Liquidity?”, Journal of Futures Markets, with V. Mollica and R. Webb (2014), 34(1), pp. 20-33. (ABDC Journal Ranking - A)
    • “Does insider trading explain price run-up ahead of takeover announcements?”, Accounting and Finance, with S. Foley and A. Aspris, (2014).  (ABDC Journal Ranking - A)
    • “Information Disclosure and Stock Liquidity: Evidence from Borsa Italiana” ABACUS, with R. Palumbo, F. Capalbo, D. Gerace, and V. Mollica, (2013), 49(4), 423-440. (ABDC Journal Ranking - A)
    • “The relationship between satellite and home market volumes: evidence from cross-listed Singapore futures contracts”, Pacific Basin Finance Journal, with A. Lepone and J. Wong (forthcoming). (ABDC Journal Ranking - A)
    • “How much does an Illegal Insider Trade?”, International Review of Finance, with S. Satchell, S., B. Wong & H. Zheng, (2013) 13(2), pp. 241-263. (ABDC Journal Ranking - A)
    • “Does international order flow contribute to price discovery in futures markets?”, Journal of Futures Markets, with R. Webb and H. Zheng (2012) Vol. 32, Issue 12, pp. 1124-43. (ABDC Journal Ranking - A)
    • “The impact of auctions on residential property prices”, Accounting and Finance, with M. Peat and D. Wright (2011), Vol. 52, Issue 2, pp. 1-16. (ABDC Journal Ranking - A)
    • “The impact of trading halts on liquidity and price volatility: Evidence from the Australian Stock Exchange”, Pacific Basin Finance Journal, with S. Lecce and R. Segara (2011), Vol. 19, No. 3, pp. 298-307. (ABDC Journal Ranking - A)
    • “Index arbitrage and the pricing relationship between Australian stock index futures and their underlying shares”, Accounting and Finance, with J. Cummings (2011), Vol. 51, No.3, pp. 661-683. (ABDC Journal Ranking - A)
    • “The determinants of execution costs in short-term money markets", Financial Review, with J. Kruk and A. Lepone (2011), Vol. 46. Issue 3, pp. 337-355. (ABDC Journal Ranking - A)
    • “Short-sales constraints and market quality: Evidence from the 2008 short-sales bans”, International Review of Financial Analysis, with S. Lecce and A. Lepone (2011), Vol. 20. Issue 4, pp. 225-236. (ABDC Journal Ranking - B)
    • “Strategic illegal insider trading prior to price sensitive announcements”, Journal of Financial Crime, with T. McInish and F. Sensenbrenner (2011), Vol. 18. Issue 3, pp. 247-253. (ABDC Journal Ranking - C)
    • “Further analysis of the speed of response to large trades in interest rate futures”, Journal of Futures Markets, with J. Cummings (2010), Vol. 30. Issue 8, pp.  705-724. (ABDC Journal Ranking - A)
    • “Activity in futures: Does underlying market size relate to futures trading volume?”, Review of Quantitative Finance and Accounting, with E. Jarnecic and H. Zheng (2010), Vol. 34. Issue 3, pp. 313-325. (ABDC Journal Ranking - B)
    • “Volatility and trading activity following changes in the size of futures contracts”, Journal of Empirical Finance, with J. Bjursell, Y. Tse and GHK. Wang (2010), Vol. 17, Issue 5, pp. 967-980. (ABDC Journal Ranking - A)
    • “Anonymity, stealth trading and the information content of broker identity”, Financial Review, with D. Johnstone and H. Zheng (2010), Vol. 45. Issue 3, pp. 501-522. (ABDC Journal Ranking - A)
    • “The impact of auctions on residential real estate prices”, Australasian Accounting Business and Finance Journal, with A. Lepone, V. Mollica and A. Vasallo (2010), Vol. 4, pp. 3-22.
    • “Liquidity and transaction costs in the European carbon futures market”, Journal of Derivatives and Hedge Funds, with J. Kruk and A. Lepone (2010), Vol. 16, pp. 100-115. (ABDC Journal Ranking - C)
    • “Local trader profitability in futures markets: Liquidity and position taking profits”, Journal of Futures Markets, with R. Felleto and E. Jarnecic (2010), Vol. 30, Issue 1.  pp. 1-24. (ABDC Journal Ranking - A)
    • “Price formation and liquidity surrounding large trades in interest rate and equity index futures”, Review of Futures Markets, with A. Aspris and J. Cummings (2009), Vol. 17, Issue 4, pp. 383-407.
    • “The impact of trade characteristics on stock return volatility: Evidence from the Australian Stock Exchange”, Asia-Pacific Journal of Financial Studies with R. Segara and H. Zheng (2009), Vol. 38, Issue 2, pp. 163-186.
    • “Derivatives use, fund flows and investment manager performance”, Journal of Banking and Finance, with A. Lepone and B. Wong (2009), Vol. 33, Issue 5, pp. 925-933. (ABDC Journal Ranking - A*)
    • “An event time study of the price reaction to large retail trades”, Quarterly Review of Economics and Finance, with E. Jarnecic and A. Lepone, (2009), Vol. 49, Issue 2, pp. 617-637. (ABDC Journal Ranking - B)
    • “Liquidity in auction and specialist market structures: Evidence from the Italian Bourse”, Journal of Banking and Finance, with D. Gerace and A. Lepone (2008) Vol 32, Issue 12, pp. 2581- 2588. (ABDC Journal Ranking - A*)
    • “Large trades and intraday futures price behavior”, Journal of Futures Markets, with J. Bjursell, A. Lepone, and G.H.K. Wang (2008), Vol. 28, Issue 12, pp. 1147- 1181. (ABDC Journal Ranking - A)
    • “Tax effects on the pricing of Australian stock index futures”, Australian Journal of Management, with J. Cummings (2008), Vol. 33, Issue 2, pp. 391-406. (ABDC Journal Ranking - A)
    • “Public information, price volatility, and trading volume in U.S. bond markets”, Review of Futures Markets, with M. McKenzie and M. Dungey (2008), Vol. 17, Issue 1, pp. 17-41.
    • “Limit order book, anonymity and market liquidity: Evidence from the Sydney Futures Exchange”, Accounting and Finance, with D. Gerace and A. Lepone (2008), Vol. 48, Issue 4, pp. 561-573. (ABDC Journal Ranking - A)
    • “The house money effect and local traders on the Sydney Futures Exchange”, Pacific Basin Finance Journal, with J. Grant and D. Johnstone (2008), Vol. 16, Issue 1, pp. 8-25. (ABDC Journal Ranking - A)
    • “Intraday behaviour of market depth in a competitive dealer market: A note”, Journal of Futures Markets, with A. Lepone and G. Wearin (2008), Vol. 28, Issue 3, 294-307. (ABDC Journal Ranking - A)
    • “Transactions in futures markets: Informed or uninformed?”, Journal of Futures Markets, with J. Kruk and A. Lepone (2007), Vol. 27, Issue 12, pp. 1159-1174. (ABDC Journal Ranking - A)
    • “Market behaviour around bankruptcy announcements: Evidence from the Australian Stock Exchange', with S. Jones and J. Wong, Accounting and Finance (2007), Vol. 47, Issue 4, pp. 713-730. (ABDC Journal Ranking - A)
    • “The determinants of the price impact of block trades: Further evidence”, with E. Jarnecic and A. Lepone, ABACUS, (2007), Vol. 43, Issue 1, pp. 94-106. (ABDC Journal Ranking - A)
    • “Further analysis of the liquidity and information components of institutional orders: Active versus passive funds', Pacific Basin Finance Journal, with D. Gallagher and T. Oetomo (2006), Vol. 16, Issue 5, pp. 439-452. (ABDC Journal Ranking - A)
    • “'Sources of price discovery in the Australian dollar currency market'” Review of Futures Markets with E. Jarnecic, M. Stevenson, and A. Tan (2006), Vol. 15, Issue 1, pp. 45-83.
    • “Limit Order Book Transparency, Execution Risk and Market Liquidity: Evidence from the Sydney Futures Exchange”, Journal of Futures Markets, with L. Bortoli, E. Jarnecic and D. Johnstone (2006), Vol. 26, Issue 12, pp. 1147-1167. (ABDC Journal Ranking - A)
    • “The impact of limit order anonymity on liquidity: Evidence from Paris, Tokyo and Korea”, Journal of Economics and Business, with C. Comerton-Forde and V. Mollica (2005), Vol. 57, Issue 6, pp. 528-540. (ABDC Journal Ranking - B)
    • “The index tracking strategies of passive and enhanced index equity funds”, Australian Journal of Management, with D. Gallagher and T. Oetomo (2005), Vol. 30, Issue 1, pp. 23-55. (ABDC Journal Ranking - A)
    • “Bid-ask bounce and the measurement of price behaviour around block trades on the ASX”, Pacific Basin Finance Journal, E. Jarnecic, D. Johnstone and A. Lepone  (2005), Vol. 13, Issue 3, pp. 247-262. (ABDC Journal Ranking - A)
    • "Slippage in futures markets: Evidence from the Sydney Futures Exchange", Journal of Futures Markets, with T. Oetomo (2005), Vol. 25, Issue 12, pp. 1129-1146. (ABDC Journal Ranking - A)
    • “The impact of mandated cashflow disclosure on bid-ask spreads”, Journal of Business Finance and Accounting, with S. Jones (2005), Vol. 32, Issue 7, pp. 1373-1396. (ABDC Journal Ranking - A)
    • “How broker ability affects institutional trading costs”, Accounting and Finance, with C. Comerton-Forde, C. Fernandez and T. Oetomo (2005), Vol. 45, Issue 3, pp. 351-374. (ABDC Journal Ranking - A)
    • “Closing call auctions and liquidity”, Accounting and Finance, with C. Comerton -Forde and M. Aitken (2005), Vol 45, Issue 4, pp. 501-518. (ABDC Journal Ranking - A)
    • “A note on execution costs for stock index futures: Information versus liquidity effects”, Journal of Banking and Finance, with T. Brailsford and H. Berkman, (2005), Vol. 29, Issue 3, pp. 565-577. (ABDC Journal Ranking - A*)
    • “The impact of automation on the cost of transacting in futures markets”, Journal of Financial Transformation, (2005) with L. Bortoli and E. Jarnecic, Vol. 14, pp. 87-93.
    • “Differences in the cost of trade execution services on floor-based and electronic futures markets”, Journal of Financial Services Research, with E. Jarnecic and L. Bortoli (2004), Vol. 26, Issue 1, pp. 73-87. (ABDC Journal Ranking - B)
    • “Price discovery in the pits: The role of market makers on CBOT and the Sydney Futures Exchange”, Journal of Futures Markets, with R. Harris, T. McInish, M. Thomas (2004), Vol. 24, Issue 8, pp. 785-804. (ABDC Journal Ranking - A)
    • “The impact of electronic trading on bid-ask spreads:  Evidence from futures markets in Hong Kong, London and Sydney”, Journal of Futures Markets, with A. Hill, E. Jarnecic and M. Aitken (2004), Vol. 24, Issue 7, pp. 675-696. (ABDC Journal Ranking - A)
    • “Commonality in Liquidity: Evidence from the Australian Stock Exchange”, with J. Fabre, Accounting and Finance, (2004), Vol. 44, Issue 3, pp. 357-368. (ABDC Journal Ranking - A)
    • “The propensity for local traders to ride losses: Evidence of irrational or rational behaviour?”, Journal of Banking and Finance, with D. Johnstone and H Zheng, (2004), Vol. 28, Issue 2, pp. 353-372. (ABDC Journal Ranking - A*)
    • “Index design and implications for index tracking: Evidence from S&P 500 Index Funds”, Journal of Portfolio Management, with D. Gallagher, T. Oetomo and A. Neubert, (2004), Vol. 30, Issue 2, pp. 89-95. (ABDC Journal Ranking - A)
    • “Do returns on synthetic portfolios constructed from stock index futures deliver capital gains, dividends and franking credits?”, Journal of Law and Financial Management, with J. Fabre and G. Wearin (2004) Vol. 3, Issue 1, pp. 8-13. (ABDC Journal Ranking - C)
    • “The tick/volatility ratio as a determinant of the Compass Rose: Empirical evidence from decimalisation on the NYSE”, with M. McKenzie, Accounting and Finance, (2003), Vol 43, Issue 3, pp. 331-344. (ABDC Journal Ranking - A)
    • “The impact of transaction costs on price discovery: Evidence from cross-listed stock index futures contracts”, with A. West, Pacific Basin Finance Journal, (2003), Vol. 11, Issue 2, pp. 139-151. (ABDC Journal Ranking - A)
    • “The pricing of stock index futures spreads at contract expiration”, with M. McKenzie, Journal of Futures Markets, (2002), Vol. 22, Issue 5, pp. 451-469. (ABDC Journal Ranking - A)
    • “Is index performance achievable? An analysis of Australian equity index funds”, ABACUS with D. Gallagher, (2002), Vol. 38, Issue 2, pp. 200-214. (ABDC Journal Ranking - A)
    • “Intraday futures market behaviour around scheduled macroeconomic announcements: Australian evidence”, Journal of Banking and Finance, with A. Hill, (2001), Vol. 25, Issue 7, pp. 1319-1337. (ABDC Journal Ranking - A*)
    • “Tracking S&P500 Index funds”, Journal of Portfolio Management, with D. Gallagher, (2001), Vol. 28, Issue 1, pp. 44-55. (ABDC Journal Ranking - A)
    • “The impact of lunchtime closure on market behaviour: Evidence from the Sydney Futures Exchange”, Accounting and Finance, with R. Winn (2001), Vol. 41, Issue 1, pp. 25-39. (ABDC Journal Ranking - A)
    • “Stock market closure and intraday stock index futures market volatility”, Pacific Basin Finance Journal, with K. Fong, (2001), Vol. 9, Issue 3, pp. 219-232. (ABDC Journal Ranking - A)
    • “An empirical analysis of price and time priority and pro-rata trade execution algorithms in screen-traded markets”, Journal of Derivatives, with A. Hill and E. Jarnecic, (2000), Vol. 7, Issue 4, pp. 41-48. (ABDC Journal Ranking - A)
    • “The lead-lag relationship between equities and stock index futures markets around information releases”, Journal of Futures Markets, with A. West and T. Walter, (2000), Vol. 20, Issue 5, pp. 467-487. (ABDC Journal Ranking - A)
    • “An empirical analysis of the supply of liquidity by locals in futures markets: Evidence from the SFE”, Pacific Basin Finance Journal, with E. Jarnecic, (2000), Vol. 8, Issue 3, pp. 443-456. (ABDC Journal Ranking - A)
    • “Opening prices on the SES and ASX”, with T. McInish and S. Lau, Advances in Pacific Basin Financial Markets, (2000), Vol. 6, pp. 71-80.
    • “The lead-lag relationship between stock indices and stock index futures contracts: Further Australian evidence”, with A. West, ABACUS, (1999), Vol. 35, Issue 3, pp. 333-341. (ABDC Journal Ranking - A)
    • “Stock market automation and the transmission of information between spot and futures markets”, with T. Brailsford, A. Hodgson and A. West, Journal of Multinational Financial Management, (1999), Vol. 9, Issue 3, pp. 247-264.
    • “LIFFE in the pits: competitive market making and inventory control-further Australia evidence”, with M. Duffy and P. Forrest, Journal of Multinational Financial Management, (1999), Vol. 9, Issue 3, pp. 373-385. (ABDC Journal Ranking - B)
    • “Short sales are almost instantaneously bad news: Evidence from the Australian Stock Exchange”, with M. Aitken, M. McCorry and P. Swan, Journal of Finance, (1998), Vol. 53, Issue 6, pp. 2205-2223. (ABDC Journal Ranking - A*)
    • “An analysis of intraday quoted bid ask spreads in futures markets: Evidence from the Sydney Futures Exchange”, with M. Stevenson and M. Duffy, Australian Journal of Management, (1998), Vol. 23, Issue 2, pp. 185-202. (ABDC Journal Ranking - A)
    • “The liquidity of automated exchange: new evidence from German Bund Futures”, with T. McInish and M. Toner, Journal of International Financial Markets, Institutions and Money, (1998), Vol. 8, Issue 3, pp. 225-241. (ABDC Journal Ranking - A)
    • “Intraday returns and the frequency of trading at the ask in stock index futures markets: A research note”, with M. Aitken and E. Jarnecic, ABACUS, (1997), Vol. 33, Issue 2, pp. 228-235. (ABDC Journal Ranking - A)
    • “The accuracy of the tick test: Evidence from the Australian Stock Exchange”, with M. Aitken, Journal of Banking and Finance, (1996), Vol. 20, Issue 10, pp. 1715-1729. (ABDC Journal Ranking - A*)
    • “The determinants of market bid ask spreads: Cross-sectional analysis”, with M. Aitken, Accounting and Finance, (1996), Vol. 36, Issue 1, pp. 51-63. (ABDC Journal Ranking - A)
    • “Consensus analysts earnings forecasts and security returns”, with M. Aitken and R. Winn,  Asia Pacific Journal of Management, (1996), Vol. 13, Issue 2, pp. 101-110.
    • “Execution costs associated with institutional block trades on the Australian Stock Exchange”, with M. Aitken, Pacific Basin Finance Journal, (1996), Vol. 4, Issue 1, pp. 45-58. (ABDC Journal Ranking - A)
    • “Asymmetry in transaction returns following block trades on the Australian Stock Exchange: A note”, with M. Aitken, ABACUS, (1996), Vol. 32, Issue 1, pp. 54-61. (ABDC Journal Ranking - A)
    • “The intra-day impact of block trades on the Australian Stock Exchange”, with M. Aitken, Asia Pacific Journal of Management, (1994), Vol. 11, Issue 2, pp. 237-253.

  • Professional affiliations

    • Certified Practicing Accountant (CPA)
    • Justice of the Peace (JP)

  • Awards

    • 2022-23 Fulbright Senior Scholar Award, USA.
    • 2015 Alumni Award, University of Wollongong, Research and Innovation Category
    • 2013-14 Messaggero Award, Italian Government
    • 2009 Most Prolific Australian Researcher in Finance Award 1950-2008, SIRCA
    • 2008 - 2007 Vice-Chancellor’s Award for Excellence in Higher Degree Research Supervision, Sydney University
    • 2005 Fulbright Senior Scholar Award, USA
    • 2005 Commerce Faculty Alumni of the Year, University of Wollongong
    • 2005 Erskine Fellowship, New Zealand
    • 2004 Prize for Best Paper at the Indonesian Business Management Conference