Chair Professor in Finance February 2012 Director, Chinese Commerce Research Centre December 2008 School of Accounting and Finance University of Wollongong
Areas of expertise: Corporate Finance
Stephen Taylor is Associate Dean – Research and Development and Professor of Financial Accounting at UTS Business School. Prior to joining UTS in 2008, Stephen was a Professor of Accounting at the University of New South Wales (2003-08), where he also served as Acting Associate Dean (Research) in 2005 and 2006. He has previously been a Professor at the University of Sydney, where he served as Director of the Accounting Foundation. In 1999-2000, he was a Visiting Professor of Accounting at the Ross Business School at the University of Michigan, following an earlier appointment there in 1993-94. Stephen received his PhD from the Australian Graduate School of Management (UNSW) in 1991, and is a Chartered Accountant (CA) and a Fellow of CPA Australia (FCPA). Stephen is currently Chair of BARDSNet, the representative group of Associate Deans-Research in Australian and New Zealand business schools. He has held this position since January 2012, a role which also requires advising the Australian Business Dean’s Council on research policy and strategy matters as they affect the business school community. Stephen is a director of SIRCA Ltd, as well as being chair of the Audit and Risk Management Committee of that board as well as for SIRCA Technology. He also serves as a director of the Capital Markets CRC, where he also chairs the Audit Committee. Stephen represents UTS on the Advisory Council of the Centre for International Finance and Regulation (CIFR). Stephen is also an academic advisor to Plato Funds Management. Supervisor Homepage
Areas of expertise: Accounting / Corporate Governance / Valuation / Financial Accounting / Accounting disclosure
Professor Simnett is Chair and CEO Australian Auditing and Assurance Standards Board and Scientia Professor, UNSW Sydney. He is recognised as a leading international auditing researcher and his research interests cover a range of issues in international auditing/assurance, financial accounting, auditor decision processes, corporate governance, and financial disclosure, with a focus on improving audit/assurance quality and policy recommendations. His work covers both auditor decision-making and the economics of auditing, and has appeared in the leading academic and professional journals, including The Accounting Review, Accounting, Organizations and Society, Auditing: A Journal of Practice and Theory, Abacus, Behavioral Research in Auditing and Contemporary Accounting Research. Professor Simnett is a specialist in standard-setting and has acted with the Australian Auditing and Assurance Standards Board and the International Auditing and Assurance Standards Board (IAASB). He was the Co-chair of the task force that recently produced an assurance standard (ISAE 3410) on greenhouse gas disclosures for the IAASB, and is currently Chairman of the Sustainability Expert Advisory Panel of the International Federation of Accountants and a member of other task forces for the IAASB. He is also a member of both the International Integrated Reporting Committee working group and technical task force.
Areas of expertise: Financial Accounting / Auditor Decision Processes / Financial Disclosure / Accounting / Audit and Assurance standards / Sustainability and Greenhouse Gas Disclosures
Terry Walter is Professor of Finance and former Chief Research Officer and Director of Equities Research at Sirca (www.sirca.org.au). Terry has nearly 40 years’ experience as an academic in accounting and finance. He has published widely on topics in finance and accounting, including mergers and acquisitions, IPOs and SEOs, market microstructure, anomalies in empirical capital market evidence, behavioural finance, and the performance of mutual funds. In particular, Professor Walter has carried out work in the Singaporean market over the past three years and has been involved in several projects that use data from the Singapore Exchange.
Areas of expertise: Valuation / Mergers and acquisitions / IPOs and SEOs
Talis J Putnins
Talis Putnins is a Professor in the Finance Discipline Group at UTS and a member of the Quantitative Finance Research Centre. He has also held positions at the Stockholm School of Economics in Riga and the Baltic International Centre for Economic Policy Studies, and has been a Visiting Scholar at Columbia University and New York University. His main research interests include financial markets, market microstructure, market manipulation, insider trading and shadow economies. His research has been published in international peer-reviewed journals including the Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, Review of Finance, and Experimental Economics. Talis is the recipient of a Discovery Early Career Researcher Award (DECRA) from the Australian Research Council (ARC). Talis has done consulting and policy work for governments, stock exchanges, and financial institutions and served as an expert witness in legal cases. Talis has a PhD from the University of Sydney. Supervisor Homepage
Areas of expertise: Microstructure / Price discovery / Short Selling
David Gallagher is the Chief Executive Officer of the Centre for International Finance and Regulation (CIFR) and is a Professor at the Australian School of Business at The University of New South Wales. Professor Gallagher’s research interests and expertise are in the fields of investment management and capital markets. His work has been supported by a number of partners including Alleron Investment Management; Colonial First State Global Asset Management; Challenger Financial Services; the Department of Treasury, the Commonwealth Government of Australia; Econtech Consulting, ING Investment Management; Macquarie Group; Mercer Investment Consulting; Vanguard Investments; Russell Investments, UniSuper; State Super Trustee Corporation; MLC. Dr Gallagher is also a Fellow of the Financial Services Institute of Australasia (Finsia) and a member of the editorial board of its journal, JASSA, as well as a former deputy editor of the Australian Journal of Management.
Areas of expertise: Investment Management / Market Efficiency and Information / Portfolio Performance / Measurement
Dr Frino is Deputy Vice-Chancellor, Global Strategy and Professor of Economics, University of Wollongong. He specialises in security market microstructure and he has published almost one hundred articles in scholarly journals including the Journal of Finance, Journal of Banking & Finance, Journal of Portfolio Management and Journal of Futures Markets. Since 2001, Professor Frino has acted in a great number of matters involving breaches of continuous disclosure, the impact of information, market manipulation, and a range of other matters in securities markets in Australia and Hong Kong, and provided expert reports on issues of market microstructure, market efficiency and market integrity to exchanges, intermediaries and other institutions concerned with financial markets.
List of Cases and assignmentsInabu Pty Ltd v Leighton Holdings Limited (event study, continuous disclosure, 2014) Modtech Engineering Pty Limited v GPT Management Holdings Limited (event study, continuous disclosure, 2013) Kirby v Centro Properties Limited &, (event study, continuous disclosure, 2011) XQZT v ASIC – AAT proceeding 2009/3619 (in relation to a trade cancellation on the ASX, 2010) GIO v AMP (alleged deceptive conduct) NAB v Idoport (information technology (misappropriation) OAMPS v Porter (valuation issues) First Pacific Capital Underwriters v CCI Holdings Ltd (valuation issues, 2007) Australian Pipelines Ltd v Hastings Management Ltd (event study, 2012) Transmarket Trading Pty Ltd, Kestrel Trading Pty Limited and Biskra Aotearoa Limited v. Sydney Futures Exchange Limited (event study in relation to a trade cancellation claim, 2009) Challenger Managed Investments Limited & Anor v Octaviar Limited & Ors, (event study in relation to payoff from exercising convertible notes, 2008) Andrew Taylor v Telstra Corporation Limited. Federal Court of Australia (continuous disclosure, 2007) Chemeq Ltd v ASIC (event study, breach of continuous disclosure, 2006) Adam Tomas and Leon Siakos v Macfutures Australia, Macfutures Limited (2004) Derbyshire, Le Marrec & Ors v Ord Minnett Ltd, Ord Minnet Management Ltd, performance Plus Funds Management Ltd (In Liquiditation) & Ors. (2003) Susquehanna Pacific Pty Ltd (market manipulation, 2001) Anderson v CSR & Anor. Dust and Diseases Tribunal (event study, 2001) RP Data-Rismark Property Index , 2011 (see: http://www.corelogic.com.au/resources/pdf/rismark/ews_audit_report.pdf )
Areas of expertise: Event Studies / Valuation / Market Manipulation
Dr Lepone is a Professor of Finance at the Macquarie Graduate School of Management. His research focusses in the areas of equity and futures market microstructure. He has examined how particular market designs affect market quality, including the structure of off-market block trading facilities and the effect of minimum tick-size reductions for futures contracts. He has published numerous articles in leading internationally refereed journals and was most recently a Director of the Broker Industry Research Centre of the CMCRC and a Research Director of the Futures Industry Research Centre of the ASX.
Cases and assignmentsTechnology Impact on Capital Markets, Research commissioned by the Financial Services Council (FSC) 21 May 2013
Areas of expertise: Derivatives / Microstructure / Off-Market Trading
Professor Adam Elshaug is an internationally recognized researcher and policy advisor with expertise in reducing waste and optimizing value in health care. This involves: (i) defining appropriateness (low- versus high-value care), including from various stakeholder perspectives (patient, clinician, community members, policy); (ii) Measuring patient and provider level prevalence of low-value care within large healthcare datasets; (iii) Working closely with government (including Medicare Australia) and third party payers in health care to design and implement reforms aimed at reducing waste, optimizing heath care safety and value, including the design and evaluation of alternative payment models. Prof Elshaug was a 2010-11 Commonwealth Fund Harkness Fellow based at the Agency for Healthcare Research and Quality (AHRQ) in Washington DC. From mid-2011 to mid-2013 he then served as NHMRC Sidney Sax Public Health Fellow in the Department of Health Care Policy, Harvard Medical School, Boston. In parallel, Adam became The Commonwealth Fund’s Inaugural Visiting Fellow for 2012-13 in New York City. Prof Elshaug is recipient of numerous research awards and over 100 invitations to address conferences, government, academic, insurance and health technology assessment groups internationally. He serves as Associate Editor forBMC Health Services Research and has first-author publications in journals such as the New England Journal of Medicine, BMJ, Journal of the American Medical Association, Medical Journal of Australia, BMJ Quality & Safety. Supervisor Homepage
Areas of expertise: Health Policy / Disinvestment / Eradicating waste and optimizing value in health care / Health Technology Assessment / Health Services Research / Clinical Epidemiology / Health Economics / Stakeholder engagement in health care policy reform