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

22

DOWNLOADS
Rank 11,567

SSRN RANKINGS

Top 11,567

in Total Papers Downloads

8,787

TOTAL CITATIONS
Rank 24,334

SSRN RANKINGS

Top 24,334

in Total Papers Citations

61

Scholarly Papers (22)

Actions:
Email selected abstracts
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 2,709 (10,872)
Citation 30

Abstract:

Loading...

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

2.

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 Corvinus University Budapest
Downloads 1,196 (38,402)
Citation 1

Abstract:

Loading...

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

3.

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 1,127 (41,921)
Citation 1

Abstract:

Loading...

Public private partnership, systematic risk

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 667 (85,307)
Citation 18

Abstract:

Loading...

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

5.

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 426 (148,340)

Abstract:

Loading...

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

6.

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 401 (158,941)

Abstract:

Loading...

Beta, systematic risk, Capital Asset Pricing Model

7.

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

Downloads 377 (170,348)
Citation 4

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
Corvinus University Budapest, University of Queensland - Business School and University of Queensland - Business School
Downloads 377 (168,720)
Citation 4

Abstract:

Loading...

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
Corvinus University Budapest, University of Queensland - Business School and University of Queensland - Business School

Abstract:

Loading...

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 364 (177,139)
Citation 4

Abstract:

Loading...

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 273 (241,032)
Citation 1

Abstract:

Loading...

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

10.

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 206 (317,630)

Abstract:

Loading...

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

11.

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, Corvinus University Budapest and University of Queensland - Business School
Downloads 179 (361,331)

Abstract:

Loading...

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

12.

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 174 (370,540)

Abstract:

Loading...

cost of capital, earnings estimates, analyst forecasts

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 162 (394,473)
Citation 1

Abstract:

Loading...

Imputation credits, cost of capital, regression, collinearity

14.

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 156 (407,355)

Abstract:

Loading...

Voluntary liquidation, stochastic earnings model, American-Asian option

15.

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 147 (427,814)

Abstract:

Loading...

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

16.

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 132 (466,658)
Citation 1

Abstract:

Loading...

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

17.

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 60 (772,346)

Abstract:

Loading...

Imputation credits, cost of capital, regression, collinearity

18.

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 31 (1,022,428)

Abstract:

Loading...

Imputation credits, cost of capital, regression, collinearity

19.

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:

Loading...

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

20.

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

Abstract:

Loading...

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

21.

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

Abstract:

Loading...

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

22.

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

Abstract:

Loading...

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

Other Papers (1)

Total Downloads: 87
Actions:
Email selected abstracts
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 87

Abstract:

Loading...

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