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Contact details +64 (06) 356 9099 ext. 84053
Jeff, a finance PhD from USA with diverse publications in quality journals (including FOURTEEN 'A'-rated articles in ABDC list). Published journals in 'A' rank are Financial Management, Journal of Banking and Finance (A*, 2 articles), The Financial Review (4 articles), Pacific Basin Finance Journal (2 articles), International Review of Financial Analysis (3), Emerging Markets Review, and International Review of Economics and Finance. An advisory editorial board member to Journal of Asian Business and Economic Studies, he has served as a referee for journals/conferences such as JBF, FR, PBFJ, Quantitative Finance, International Review of Economics and Finance, International Review of Financial Analysis, Asian Finance Association Meetings, and others in at least 80 occasions. His working papers were constantly presented in international conferences around the world (e.g. Financial Management Association (FMA), European Finance Association (EFA - a top-three conference in financial economics), among others.
In 2014, Jeff was invited by the State Securities Commission (SSC) of Vietnam as the keynote speaker on the emerging issues regarding Corporate Governance. A passionate lecturer when it comes to teaching with the average approval rates of higher than 90% up to 2018 (The approval rate for 125330 course, the capstone paper for Finance discipline at Massey, is 95.5% in 2018). He also successfully led in the restructuring process of several finance paper offerings at Massey University since 2004. A mentoring PhD supervisor for four successful candidates over the years. Jeff also continuously served as an elected member of Graduate Studies Commitee during the 2008-2015 period.
Jeff has been a recipient/co-recipient of Massey University Research Fund (MURF) grant on several occasions, amounted to NZ$ 42,000 over the years.
The most recent 'A' journal articles (2015 onwards) are:
1) “Are low R2 firms more or less transparent? Evidence from corporate bond market” with Andrew Prevost, and Wei Hao, Financial Management, 2018
2) “Is Financial Flexibility a Priced Factor in the Stock Market?” with Suresh Oad-Rajput, Jianguo Chen, and Robert Faff, The Financial Review, 2018
3) “The Geography of CSR ” with David Ding and Christo Ferreira, International Review of Economics and Finance, 2018
4) “Does Institutional Shareholder Activism Stimulate Corporate Information Flow?” with Andrew Prevost, and Ben Marshall, Journal of Banking and Finance, 2016, vol 70, 105-117
5) “Stock return synchronicity and the market response to analyst recommendation revisions” with Andrew Prevost, Wei Hao, and Erik Devos, Journal of Banking and Finance, 2015, vol 58, 376-390
6) "Political Connection and Stock Returns: A Longitudinal Study" with Sireethorn Civilize, and Martin Young, The Financial Review, 2015, vol 50, 89-119
7) “Gender Diversity, State Control, and Corporate Risk-Taking: Evidence from China”, with Jing Liao, Karren Khaw, and David Tripe, Pacific Basin Finance Journal, 2016, vol 39, 141-158
8) “Does it pay to be different? The relative CSR and its impact on firm value”, with David Ding and Christo Ferreira, International Review of Financial Analysis, 2016
9) "Military regimes and stock market performance", with Sireethorn Civilize, and Martin Young, Emerging Markets Review , 2015, vol 22, 76-95
Journal of Banking and Finance (A*, two articles)
The Financial Review (four articles)
Pacific Basin Finance Journal (two articles)
International Review of Financial Analysis (three articles)
International Review of Economics and Finance
Emerging Markets Review
Current interests/missions include (but not limited to):
Stock price synchronicity and its implications:
"Jeff is one of the advocates of the radical view that less synchronized (low R2) stocks are actually less (not more) informative. He proved this point through the use of signalling effect. His co-authored paper that uses signalling from analyst recommendation revisions was published in Journal of Banking and Finance in 2015. He is now also campaigning this very important point through dividend signalling effect and the link to corporate bond markets."
Shareholder activism (with GMI proposal data 2003 to 2010 available for co-authoring):
"Jeff, together with co-authors, published the first paper that points to the reduction of information asymmetry between corporate outsiders as a result of shareholder activism, as evidenced in union shareholder activism. This is published in Journal of Banking and Finance 2016."
Political aspects and stock returns
"In the Financial Review 2015, Jeff's co-authored paper shows that politically-connected firms in Thailand provides return premiums. This advocates the market efficiency as 'economic rents' should be valued in Thailand and political connections (not always obvious) can be traced based on active search by investors. This article was also featured in the short-list for FR readers' choice award during 2015. His 2015 Emerging Markets Review article also indicated that militargy regimes do not necessarily lead to inferior stock market performances in emerging markets, according to the data. Jeff also co-authored in the first paper (2005) that looked at the effect of 'labour' versus 'national' governments on New Zealand stock market. The findings in New Zealand was not as puzzling as in the US, as shown in that study."
CSR and emerging issues in corporate finance
"Together with co-authors, Jeff publishes a forthcoming paper in International Review of Financial Analysis 2016 that CSR requires positioning. For some types of companies, being a bit worse than peers can even produce values. Relative (not absolute, as conventionally analyzed) CSR is the key. Other working manuscripts touch on 'geography of CSR', 'CSR inactivity as a possible indicator of myopic behaviors', and 'CSR aspects in Kiwi corporations."
Gender diversity and issues in corporate finance
"In 2016, Jeff publishes a paper with his co-authors in Pacific Basin Finance Journal that supports the role of female executives among Chinese corproations in the reduction of value-destroying corporate risk-taking."
Aspects in Exchange Traded Funds
"Jeff published two articles (2011, 2014) in a practitioners based journal (Journal of Index Investing) that touch on the issues around gold and silver ETFs."
Investors' learning and stock valuation
"Jeff has worked on an ambitious co-authored project that points to the learning curve in stock valuation around the world. The paper also shows that the enforcement of insider trading laws is critical in the process."
Other past published articles:
Trading volume dynamics
Trading strategies and profits
Microstructure applications to IPO
Stock price informativeness
The above were published in The Financial Review, Pacific Basin Finance Journal, International Review of Financial Analysis, and others.
Design – for Commerce, Community and Culture
Field of research codes
Information And Computing Sciences (080000):
Other Economics (149900)