We investigate the role of retail traders on market informational efficiency. The literature is inconclusive about characterizing retail trades in terms of these trades’ informativeness. Also, their well-documented role in liquidity can mediate the effects on efficiency. Major Australian TV...

With some trepidation I confront an ambitious topic … What is this thing called “contribution” …? In this essay, I strive to provide a workable framework to help guide our thinking on the nature of research contribution that will assist all researchers – and, especially novices – to...

Faff’s (2015; 2021a) “Pitching Research” framework (PRF) is built on a research planning tool that challenges (novice) researchers to productively communicate their prospective research ideas to academic field experts. The framework gives you a total communication budget of 1,000 words ± 20%,...

In this paper, driven by a manifest social objective, I pitch a case for a Centre for Responsible Science (C4RS). This pitch blends a wide range of my previous writings … most notably, Faff’s (2015; 2021a) “Pitching Research” framework (PRF); Faff and Kastelle’s (2016) PR4EI companion...

Faff’s (2015; 2021) “Pitching Research” framework (PRF) is built on a research planning tool that challenges (novice) researchers to productively communicate their prospective research ideas to academic field experts. The framework gives you a total communication budget of 1,000 words ± 20%,...

Faff’s (2015; 2021) “Pitching Research” framework (PRF) is built on a research planning tool that challenges (novice) researchers to productively communicate their prospective research ideas to academic field experts. The framework gives you a total communication budget of 1,000 words ± 20%,...

Analogous to an experienced mariner choosing a safe harbour depending on the wind direction, we hypothesise safe-haven asset(s) are conditional on the cause of the market fall. Using oil markets as a salient case study, we find that traditional safe-haven assets, such as the US dollar and...

Using the split-share structure reform in China as a quasi-natural experiment, we examine the effect of stock liquidity on investment efficiency. Consistent with feedback and incentive theories, investment efficiency increases after the reform but only for under-investing firms. Higher stock...

By selecting a globally representative dataset of airline indices, this study demonstrates that oil price or oil price regimes (delineated by the first gulf war and the 9/11 terror attacks) alone do not have any significant implications for airline stock prices. Overall, these findings are...

We present an analysis of the determinants of Asia-Pacific banks' extent of derivative activities. Our findings suggest that the probability of financial distress and economies of scale arguments are important in this regard. Further analyses reveal that Asia-Pacific dealer banks tend to use...