Stephen Gray

University of Queensland - Business School

Professor

University of Queensland

Brisbane, Queensland 4072

Australia

Duke University - Fuqua School of Business

Box 90120

Durham, NC 27708-0120

United States

Financial Research Network (FIRN)

C/- University of Queensland Business School

St Lucia, 4071 Brisbane

Queensland

Australia

  • University of Queensland - Business School

  • Financial Research Network (FIRN)

SCHOLARLY PAPERS

24

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6,889

SSRN CITATIONS
Rank 19,406

SSRN RANKINGS

Top 19,406

in Total Papers Citations

17

CROSSREF CITATIONS

36

Scholarly Papers (24)

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1.

Does Gender Matter in the Boardroom? Evidence from the Market Reaction to Mandatory New Director Announcements

Number of pages: 55 Posted: 02 Nov 2011 Last Revised: 23 Jul 2012
Renee B. Adams, Stephen Gray and John Nowland
University of Oxford, University of Queensland - Business School and City University of Hong Kong
Downloads 2,068 (10,715)
Citation 30

Abstract:

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board of directors, director appointments, female directors, gender, monitoring, stakeholders

2.

The Public Private Partnership Paradox

Number of pages: 39 Posted: 05 Apr 2010
Stephen Gray, Jason Hall and Grant Stewart Pollard
University of Queensland - Business School, University of Michigan, Stephen M. Ross School of Business and Value Decisions
Downloads 1,036 (30,616)
Citation 2

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Public private partnership, systematic risk

3.

Yes, One-Day International Cricket ‘In-Play’ Trading Strategies Can Be Profitable!

Number of pages: 39 Posted: 14 Jul 2014
Hugh Norton, Stephen Gray and Robert W. Faff
University of Queensland - Business School, University of Queensland - Business School and University of Queensland
Downloads 754 (47,471)
Citation 1

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in-play betting markets, Trading strategies, ODI Cricket, web-scraping, Monte Carlo simulation

4.

Corporate Governance and Bankruptcy Risk

Number of pages: 50 Posted: 18 Nov 2010 Last Revised: 04 Sep 2014
Ali F. Darrat, Stephen Gray, Jung Chul Park and Yanhui Wu
Louisiana Tech University - College of Business, University of Queensland - Business School, University of South Florida and Queensland University of Technology - School of Economics and Finance
Downloads 458 (89,122)
Citation 5

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Bankruptcy, Corporate Governance, Board Characteristics, CEO Characteristics, Management Characteristics

5.

Bias, Stability and Predictive Ability in the Measurement of Systematic Risk

Accounting Research Journal, 2009, 22 (3), 220 – 236.
Number of pages: 19 Posted: 10 Jul 2008 Last Revised: 13 Mar 2013
Stephen Gray, Jason Hall, Drew Klease and Alan McCrystal
University of Queensland - Business School, University of Michigan, Stephen M. Ross School of Business, Queensland Investment Corporation and University of Queensland - Business School
Downloads 363 (116,363)

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Beta, systematic risk, Capital Asset Pricing Model

6.

Professional Expertise and Board Diversity

Number of pages: 49 Posted: 05 Jul 2013 Last Revised: 17 Jan 2014
Stephen Gray and John Nowland
University of Queensland - Business School and City University of Hong Kong
Downloads 336 (126,645)

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board diversity, board of directors, director appointments, professional expertise

7.

A Contemporary View of Corporate Finance Theory, Empirical Evidence and Practice

Downloads 316 (135,036)
Citation 3

A Contemporary View of Corporate Finance Theory, Empirical Evidence and Practice

Australian Journal of Management, Forthcoming
Number of pages: 34 Posted: 14 Aug 2015 Last Revised: 20 Jan 2016
Robert W. Faff, Stephen Gray and Kelvin Jui Keng Tan
University of Queensland, University of Queensland - Business School and University of Queensland - Business School
Downloads 316 (134,309)
Citation 3

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Corporate Finance, Survey, Capital Structure

A Contemporary View of Corporate Finance Theory, Empirical Evidence and Practice

Australian Journal of Management, Vol. 41, No. 4, 2016
Posted: 04 Nov 2016
Robert W. Faff, Stephen Gray and Kelvin Jui Keng Tan
University of Queensland, University of Queensland - Business School and University of Queensland - Business School

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Capital structure, corporate finance, survey

8.

Unconstrained Estimates of the Equity Risk Premium

Forthcoming in Review of Accounting Studies, 2013, 18 (2), June, Accepted 26 March 2012.
Number of pages: 62 Posted: 13 Feb 2010 Last Revised: 13 Mar 2013
Tristan Fitzgerald, Stephen Gray, Jason Hall and Ravi Jeyaraj
University of Queensland - Business School, University of Queensland - Business School, University of Michigan, Stephen M. Ross School of Business and University of Queensland - Business School
Downloads 295 (145,135)
Citation 4

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Analyst forecasts, cost of equity capital, long-term growth, equity risk premium, market risk premium

9.

Aren’t All Directors Busy? Evidence from Director Workload and Attendance

Number of pages: 64 Posted: 27 Jun 2013 Last Revised: 24 Feb 2014
Stephen Gray and John Nowland
University of Queensland - Business School and City University of Hong Kong
Downloads 205 (206,960)
Citation 1

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attendance, board of directors, busy directors, CEOs, meeting frequency, workload

10.

The Value of Imputation Tax Credits on Australian Hybrid Securities

Downloads 194 (217,549)
Citation 7

The Value of Imputation Tax Credits on Australian Hybrid Securities

International Review of Finance, 2010, 10 (3), 365-401.
Number of pages: 44 Posted: 05 Jan 2007 Last Revised: 13 Mar 2013
Clinton Feuerherdt, Stephen Gray and Jason Hall
Investec, University of Queensland - Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 188 (223,483)

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Imputation, franking, hybrid securities, preference shares

The Value of Imputation Tax Credits on Australian Hybrid Securities

International Review of Finance, Vol. 10, No. 3, pp. 365-401, September 2010
Number of pages: 37 Posted: 25 Aug 2010
Clinton Feuerherdt, Stephen Gray and Jason Hall
Investec, University of Queensland - Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 6 (863,621)

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11.

Former Politicians as Corporate Directors: Good for Business?

Number of pages: 43 Posted: 28 May 2013
Stephen Gray, Iman Harymawan and John Nowland
University of Queensland - Business School, Universitas Airlangga and City University of Hong Kong
Downloads 159 (257,810)

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board of directors, director appointments, director experience, politicians, political connections

12.

Financial Inflexibility and the Value Premium

Downloads 128 (305,533)

Financial Inflexibility and the Value Premium

Number of pages: 35 Posted: 28 Jul 2012
Michael Poulsen, Robert W. Faff and Stephen Gray
University of Queensland - Business School, University of Queensland and University of Queensland - Business School
Downloads 127 (308,588)

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Financial flexibility, value premium, fixed assets, leverage, financial constraints

Financial Inflexibility and the Value Premium

International Review of Finance, Vol. 13, Issue 3, pp. 327-344, 2013
Number of pages: 18 Posted: 03 Sep 2013
Michael Poulsen, Robert W. Faff and Stephen Gray
University of Queensland - Business School, University of Queensland and University of Queensland - Business School
Downloads 1 (931,728)

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13.

The Market Value of Dividend Imputation Credits Implied by Futures Prices

30th Australasian Finance and Banking Conference 2017
Number of pages: 15 Posted: 31 Jul 2017 Last Revised: 09 Jul 2019
Damien Cannavan, Stephen Gray and Jason Hall
Financial Research Network (FIRN), University of Queensland - Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 113 (334,020)
Citation 1

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Imputation credits, cost of capital, regression, collinearity

14.

Family Representatives in Family Firms

Downloads 110 (340,357)
Citation 3

Family Representatives in Family Firms

Corporate Governance: An International Review, Forthcoming
Number of pages: 42 Posted: 22 Feb 2012 Last Revised: 07 Nov 2012
En-Te (John) Chen, Stephen Gray and John Nowland
Queensland University of Technology, University of Queensland - Business School and City University of Hong Kong
Downloads 109 (344,541)

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family firms, family involvement, family members, family representatives, firm performance

Family Representatives in Family Firms

Corporate Governance: An International Review, Vol. 21, Issue 3, pp. 242-263, 2013
Number of pages: 22 Posted: 09 Apr 2013
En‐Te Chen, John Nowland and Stephen Gray
affiliation not provided to SSRN, City University of Hong Kong and University of Queensland - Business School
Downloads 1 (931,728)

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Corporate Governance, Family Firms, Family Members, Family Representatives, Firm Performance

15.

Estimating An Implied Cost of Capital for Australian Firms

Number of pages: 36 Posted: 10 Apr 2019
Alex Paton, Damien Cannavan, Stephen Gray and Khoa T.A. Hoang
Citigroup, Inc. - Citigroup - Sydney, Financial Research Network (FIRN), University of Queensland - Business School and University of Queensland - Business School
Downloads 109 (342,378)

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cost of capital, earnings estimates, analyst forecasts

16.

Strategic Liquidation of a Limited Liability Firm

Number of pages: 43 Posted: 06 Feb 2015 Last Revised: 24 Feb 2015
Jamie Alcock, James Peter Brotchie and Stephen Gray
University of Oxford, University of Queensland - Business School and University of Queensland - Business School
Downloads 103 (355,632)

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Voluntary liquidation, stochastic earnings model, American-Asian option

17.

Multiple Founders and Firm Value

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 35 Posted: 05 Nov 2011 Last Revised: 02 Oct 2012
En-Te (John) Chen, Stephen Gray and John Nowland
Queensland University of Technology, University of Queensland - Business School and City University of Hong Kong
Downloads 89 (390,091)

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founders, multiple founders, multi-founder firms, ownership, value

18.

Sampling Error and the Joint Estimation of Imputation Credit Value and Cash Dividend Value

Number of pages: 22 Posted: 11 Jul 2019
Damien Cannavan, Stephen Gray and Jason Hall
Financial Research Network (FIRN), University of Queensland - Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 25 (664,128)

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Imputation credits, cost of capital, regression, collinearity

19.

Relationship between Franking Credits and the Market Risk Premium: A Reply

Accounting & Finance, Vol. 48, Issue 1, pp. 133-142, March 2008
Number of pages: 10 Posted: 29 Feb 2008
Stephen Gray and Jason Hall
University of Queensland - Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 21 (694,506)

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20.

A Transparent, Numerical Solution to the Joint Estimation of Imputation Credit Value and Cash Dividend Value

Number of pages: 21 Posted: 10 Jul 2019
Damien Cannavan, Stephen Gray and Jason Hall
Financial Research Network (FIRN), University of Queensland - Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 7 (820,527)

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Imputation credits, cost of capital, regression, collinearity

21.

Political and Government Connections on Corporate Boards in Australia: Good for Business?

Australian Journal of Management, Vol. 41, No. 1, 2016
Posted: 29 Jan 2016
Stephen Gray, Iman Harymawan and John Nowland
University of Queensland - Business School, Universitas Airlangga and City University of Hong Kong

Abstract:

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board of directors, director appointments, director experience, government connections, political connections

22.

Explaining the Bid-Ask Spread in the Foreign Exchange Market: A Test of Alternate Models

Australian Journal of Management, Vol. 39, No. 4, 2014
Posted: 14 Nov 2014
Sirimon Treepongkaruna, Tim Brailsford and Stephen Gray
The University of Western Australia, Bond University and University of Queensland - Business School

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Bid-ask spread, foreign exchange, inventory-holding premium, microstructure

23.

Do Trading Hours Affect Volatility Links in the Foreign Exchange Market?

Australian Journal of Management, Vol. 37, No. 1, 2012
Posted: 05 May 2012
Sirimon Treepongkaruna, Robert D. Brooks and Stephen Gray
The University of Western Australia, Monash University and University of Queensland - Business School

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common information, foreign exchange market, stochastic volatility, trading hours, volatility spillover

24.

Asset Market Linkages: Evidence from Financial, Commodity and Real Estate Assets

Journal of Banking and Finance, Forthcoming
Posted: 06 Jan 2011
Kam Fong Chan, Sirimon Treepongkaruna, Robert D. Brooks and Stephen Gray
The University of Western Australia, The University of Western Australia, Monash University and University of Queensland - Business School

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Markov switching, Asset linkages, Flight to quality, Flight from quality, Contagion

Other Papers (1)

Total Downloads: 60
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1.

Convergence in the Ownership and Governance of East Asian Firms?

Number of pages: 21 Posted: 21 Oct 2010
En-Te (John) Chen, Stephen Gray and John Nowland
Queensland University of Technology, University of Queensland - Business School and City University of Hong Kong
Downloads 60

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East Asia, board of directors, corporate governance, family firms, ownership