Peter L. Swan

University of New South Wales (UNSW Sydney

Professor of Finance

School of Banking and Finance

UNSW Business School

Sydney NSW, NSW 2052

Australia

http://https://www.business.unsw.edu.au/our-people/peterswan

Financial Research Network (FIRN)

C/- University of Queensland Business School

St Lucia, 4071 Brisbane

Queensland

Australia

http://www.firn.org.au

SCHOLARLY PAPERS

58

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CITATIONS
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Top 4,454

in Total Papers Citations

119

Scholarly Papers (58)

1.

Double or Nothing: Patterns of Equity Fund Holdings and Transactions

EFA 2005 Moscow Meetings Paper
Number of pages: 46 Posted: 11 Jul 2005
New York University - Stern School of Business, University of New South Wales (UNSW Sydney, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and Capital Markets CRC Limited
Downloads 1,026 (20,195)
Citation 18

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Prospect Theory, Disposition Effect, Risk management; Performance evaluation; Window dressing

2.

Does Board "Independence" Destroy Corporate Value?

26th Australasian Finance and Banking Conference 2013, 27th Australasian Finance and Banking Conference 2014 Paper
Number of pages: 51 Posted: 20 Aug 2013 Last Revised: 13 Oct 2014
Peter L. Swan and David Forsberg
University of New South Wales (UNSW Sydney and UNSW Business School
Downloads 932 (23,310)

Abstract:

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Independent directors, Board monitoring, Board characteristics, Board performance

3.

Does 'Illiquidity' Rather than 'Risk Aversion' Explain the Equity Premium Puzzle?: The Value of Endogenous Market Trading

University of Sydney School of Business Working Paper; EFA 2002 Berlin Meetings Discussion Paper
Number of pages: 52 Posted: 18 Dec 2000
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 830 (27,590)
Citation 2

Abstract:

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equity premium, asset prices, liquidity, trading, transaction cost, amortized spread.

4.

Agency Problems are Ameliorated by Stock Market Liquidity: Monitoring, Information and the Use of Stock-Based Compensation

EFA 2002 Berlin Meetings Presented Paper; UNSW School of Banking and Finance Faculty of Commerce
Number of pages: 51 Posted: 16 Feb 2002
Gerald T. Garvey and Peter L. Swan
Blackrock and University of New South Wales (UNSW Sydney
Downloads 774 (30,339)
Citation 6

Abstract:

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Pay-performance sensitivity, Executive options; Incentives; Liquidity; Information content; Monitoring, Bonus schemes

5.

Why Do Markets Fragment? A Panel-Data Analysis of Off-Exchange Trading

EFA 0729
Number of pages: 47 Posted: 08 Feb 2001
University of New South Wales - School of Banking and Finance, University of New South Wales (UNSW Sydney and BlackRock, Inc.
Downloads 767 (30,721)
Citation 10

Abstract:

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Fragmentation, Off-Market Trading, Transparency, Anonymity, Electronic Communication Networks

6.

The Political Economy of the Subprime Crisis: Why Subprime Was So Attractive to Its Creators

European Journal of Political Economy, Forthcoming
Number of pages: 25 Posted: 29 Dec 2008
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 567 (46,040)
Citation 2

Abstract:

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Subprime crisis, Government bailouts, Vested interests, Regulatory failure

7.
Downloads 511 ( 52,519)
Citation 5

The Liquidity Component of the Equity Premium

Second Singapore International Conference on Finance 2008
Number of pages: 36 Posted: 23 Mar 2007 Last Revised: 06 Apr 2008
Andre Levy and Peter L. Swan
UNSW Business School and University of New South Wales (UNSW Sydney
Downloads 304 (96,575)
Citation 5

Abstract:

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equity-premium puzzle, asset prices, liquidity, trading, transaction cost

The Liquidity Component of the Equity Premium

Number of pages: 36 Posted: 08 Mar 2008
Peter L. Swan and André Levy
University of New South Wales (UNSW Sydney and Australian Prudential Regulation Authority
Downloads 207 (143,443)
Citation 5

Abstract:

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equity-premium puzzle, asset prices, liquidity, trading, transaction cost

8.

Follow the Leader: The Cause and Consequences of Fund Managers Trading in Signal-Strength Sequence

Number of pages: 37 Posted: 26 Mar 2008 Last Revised: 21 Jul 2008
University of New South Wales (UNSW Sydney, University of New South Wales - School of Banking and Finance, Plato Investment Management and Capital Markets CRC Limited
Downloads 510 (52,651)

Abstract:

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Herding, Informational cascades, Trade sequences, Leader and follower trades

9.

Executive Pay, Talent and Firm Size: Why has CEO Pay Grown so Much?

UNSW Australian School of Business Research Paper No. 2009 FIN 01
Number of pages: 57 Posted: 17 Jun 2009 Last Revised: 19 Jan 2010
Jaeyoung Sung and Peter L. Swan
Ajou University and University of New South Wales (UNSW Sydney
Downloads 487 (55,842)
Citation 3

Abstract:

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executive pay, firm size, career concern, CEO talent, principal-agent

10.

Do Wealth Creating Mergers and Acquisitions Really Hurt Acquirer Shareholders?

AFA 2012 Chicago Meetings Paper, 24th Australasian Finance and Banking Conference 2011 Paper
Number of pages: 62 Posted: 22 Mar 2011 Last Revised: 11 Jun 2012
Ronald W. Masulis, Peter L. Swan and Brett Tobiansky
University of New South Wales - Australian School of Business, University of New South Wales (UNSW Sydney and University of New South Wales
Downloads 481 (56,742)
Citation 3

Abstract:

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M&A, takeover bids, acquisition benefits, acquirer gains, acquisition synergies, targets, bidders, failed bids.iled bids

11.

Does Executive Compensation Disclosure Alter Pay at the Expense of Incentives?

Number of pages: 45 Posted: 23 Jun 2006
Xianming Zhou and Peter L. Swan
Australian National University and University of New South Wales (UNSW Sydney
Downloads 478 (57,188)
Citation 2

Abstract:

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CEO compensation, disclosure, regulation, contracts, pay levels, pay sensitivity

12.

Institutional Investor Monitoring and the Structure of Corporate Boards

Number of pages: 67 Posted: 20 Mar 2008
Gavin Smith, Peter L. Swan and David R. Gallagher
University of New South Wales - School of Banking and Finance, University of New South Wales (UNSW Sydney and Capital Markets CRC Limited
Downloads 456 (60,627)
Citation 1

Abstract:

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Board of Directors, Monitoring, Institutional Investment Behavior

13.

Governance through Trading: Institutional Swing Trades and Subsequent Firm Performance

EFA 2009 Bergen Meetings Paper
Number of pages: 52 Posted: 23 Nov 2008 Last Revised: 11 Oct 2011
David R. Gallagher, Peter Gardner and Peter L. Swan
Capital Markets CRC Limited, Plato Investment Management and University of New South Wales (UNSW Sydney
Downloads 451 (61,444)
Citation 3

Abstract:

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Informativeness, Market microstructure, Wall Street rule, Swing trading, Monitoring

14.

The Gender Face-Off: Do Females Come Out on Top in Terms of Trading Performance?

29th Australasian Finance and Banking Conference 2016
Number of pages: 63 Posted: 20 Aug 2016 Last Revised: 04 Sep 2016
Wei Lu, Peter L. Swan and P. Joakim Westerholm
The University of New South Wales, University of New South Wales (UNSW Sydney and University of Sydney Business School
Downloads 446 (62,272)

Abstract:

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Gender differences, Individual investors, Calendar-time, Horizon-invariant, Trading performance

15.

Do Concentrated Institutional Investors Really Reduce Executive Compensation Whilst Raising Incentives?

UNSW Australian School of Business Research Paper No. 2012 BFIN 13
Number of pages: 36 Posted: 26 Mar 2008 Last Revised: 06 Jul 2012
Gavin Smith and Peter L. Swan
University of New South Wales - School of Banking and Finance and University of New South Wales (UNSW Sydney
Downloads 377 (76,013)
Citation 4

Abstract:

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Executive compensation, Monitoring, Institutional ownership, Principal-agent, Incentives

16.

The Road to Riches: CEO Incentives and Firm Performance

Number of pages: 46 Posted: 20 Mar 2008 Last Revised: 06 Apr 2008
Gavin Smith and Peter L. Swan
University of New South Wales - School of Banking and Finance and University of New South Wales (UNSW Sydney
Downloads 373 (76,992)
Citation 3

Abstract:

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Incentives, CEO compensation, Market valuation, Operating performance

17.
Downloads 369 ( 77,994)
Citation 2

Executive Pay, Talent and Firm Size

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 63 Posted: 25 Aug 2008 Last Revised: 29 Jan 2009
Jaeyoung Sung and Peter L. Swan
Ajou University and University of New South Wales (UNSW Sydney
Downloads 213 (139,524)
Citation 2

Abstract:

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executive pay, firm size, career concern, CEO talent, principal-agent, optimal contract.

Executive Pay, Talent and Firm Size

Number of pages: 62 Posted: 13 Aug 2008 Last Revised: 23 Jan 2009
Jaeyoung Sung and Peter L. Swan
Ajou University and University of New South Wales (UNSW Sydney
Downloads 156 (185,233)
Citation 2

Abstract:

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executive pay, firm size, career concern, CEO talent, principal-agent, optimal contract

18.

'Other People’s Money': The Trading Performance of Household Investors vs. Delegated Money Managers

28th Australasian Finance and Banking Conference, Second Annual Volatility Institute at NYU Shanghai (VINS) 2016
Number of pages: 58 Posted: 02 Mar 2015 Last Revised: 27 Feb 2017
Wei Lu, Peter L. Swan and P. Joakim Westerholm
The University of New South Wales, University of New South Wales (UNSW Sydney and University of Sydney Business School
Downloads 354 (81,862)

Abstract:

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Households, Institutional investors, Calendar-time, Horizon-invariant, Trading performance

19.

Do Wealth Creating Mergers and Acquisitions Really Hurt Bidder Shareholders?

FIRN Research Paper No. 2517209
Number of pages: 69 Posted: 31 Oct 2014 Last Revised: 17 Feb 2017
UNSW Business School, University of New South Wales - Australian School of Business and University of New South Wales (UNSW Sydney
Downloads 341 (85,486)
Citation 2

Abstract:

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M&A, takeovers, acquisitions, synergies, targets, bidders, failed bids

20.

The Incentive to 'Bet the Farm': CEO Compensation and Major Investments

Number of pages: 55 Posted: 19 Mar 2008 Last Revised: 06 Apr 2008
Gavin Smith and Peter L. Swan
University of New South Wales - School of Banking and Finance and University of New South Wales (UNSW Sydney
Downloads 332 (88,089)
Citation 3

Abstract:

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Acquisitions, Capital Expenditures, Incentives, Firm Performance, Risk

21.

Is Company Performance Dependent on Outside Director 'Skin in the Game'?

Number of pages: 36 Posted: 25 Jan 2011
Peter L. Swan and Serkan Honeine
University of New South Wales (UNSW Sydney and affiliation not provided to SSRN
Downloads 330 (88,692)
Citation 1

Abstract:

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Board monitoring, Incentive alignment, Independent director, Executive director, Firm performance

22.

Portfolio Pumping: An Examination of Investment Manager Quarter-End Trading and Impact on Performance

Number of pages: 40 Posted: 04 Nov 2005 Last Revised: 31 Mar 2008
Peter L. Swan, Peter Gardner and David R. Gallagher
University of New South Wales (UNSW Sydney, Plato Investment Management and Capital Markets CRC Limited
Downloads 325 (90,259)
Citation 9

Abstract:

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Gaming behavior, Window dressing, Portfolio pumping, Market manipulation

23.

Price Discovery and Information in an Emerging Market: Evidence from China

Number of pages: 43 Posted: 19 Jan 2009 Last Revised: 15 Jul 2010
Jingyun Ma, Peter L. Swan and Fengming Song
Tsinghua University - School of Economics & Management, University of New South Wales (UNSW Sydney and Tsinghua University - School of Economics & Management
Downloads 302 (97,773)

Abstract:

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Price discovery, Cross-listing, Cointegration, Chinese securities

The Complementary Roles of Board Incentives and Market Monitoring: Theory and Evidence

FIRN Research Paper No. 2766185
Number of pages: 75 Posted: 18 Apr 2016 Last Revised: 21 Oct 2016
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 203 (146,180)

Abstract:

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Independent directors, Board monitoring, Governance through Trading, Board performance, Gray directors

The Complementary Roles of Board Incentives and Market Monitoring: Theory and Evidence

Number of pages: 75 Posted: 01 Oct 2016 Last Revised: 21 Oct 2016
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 39 (427,675)

Abstract:

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Independent directors, Board monitoring, Governance through Trading, Board performance, Gray directors

The Complementary Roles of Board Incentives and Market Monitoring: Theory and Evidence

2016 Financial Markets and Corporate Governance
Number of pages: 75 Posted: 11 Feb 2016 Last Revised: 01 Jul 2017
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 29 (473,813)

Abstract:

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Independent directors, Board monitoring, Governance through Trading, Board performance, Gray directors

The Complementary Roles of Board Incentives and Market Monitoring: Theory and Evidence

Number of pages: 75 Posted: 20 Aug 2016 Last Revised: 21 Oct 2016
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 22 (514,652)

Abstract:

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Independent directors, Board monitoring, Governance through Trading, Board performance, Gray directors

25.

Will the Real Monitors Please Stand Up?: Institutional Investors and CEO Compensation

Number of pages: 47 Posted: 26 Mar 2008
Gavin Smith and Peter L. Swan
University of New South Wales - School of Banking and Finance and University of New South Wales (UNSW Sydney
Downloads 284 (104,428)
Citation 5

Abstract:

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Incentives, CEO compensation, Institutional investor monitoring

26.

Are Upstairs Markets Pareto Improving?

EFA 2003 Annual Conference Paper No. 751
Number of pages: 43 Posted: 23 Jul 2003
University of New South Wales (UNSW Sydney, University of New South Wales - School of Banking and Finance and BlackRock, Inc.
Downloads 279 (106,405)
Citation 2

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Fragmentation, upstairs trading, crossing networks, liquidity, cream skimming

27.

CEO Incentives and Institutional Trader Monitoring are Substitutes: Theory and Evidence

AFA 2012 Chicago Meetings Paper, 24th Australasian Finance and Banking Conference 2011 Paper
Number of pages: 64 Posted: 25 Jan 2010 Last Revised: 03 Jan 2012
Brandon Chen and Peter L. Swan
Victoria University of Wellington and University of New South Wales (UNSW Sydney
Downloads 278 (106,832)
Citation 5

Abstract:

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Informativeness, Incentives, Substitutes, CEO pay, Institutional monitoring, Governance through Trading

28.

The Impact of Strategic Investor Activism on Institutional Trading and Portfolio Returns

Number of pages: 47 Posted: 26 Feb 2007 Last Revised: 30 Mar 2008
Peter L. Swan, Peter Gardner and David R. Gallagher
University of New South Wales (UNSW Sydney, Plato Investment Management and Capital Markets CRC Limited
Downloads 256 (116,492)
Citation 1

Abstract:

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Short-term Trading, Disposition Effect, Portfolio Turnover, Institutional Activism, Monitoring

29.

Market Architecture and Global Exchange Efficiency: One Design Need not Fit all Stock Sizes

Number of pages: 47 Posted: 23 Mar 2007
Peter L. Swan and P. Joakim Westerholm
University of New South Wales (UNSW Sydney and University of Sydney Business School
Downloads 253 (117,961)
Citation 4

Abstract:

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market design, exchange trading systems, transparency, opacity, decimalization

30.

Security Timing Ability and Fund Manager Performance

Number of pages: 21 Posted: 31 May 2007 Last Revised: 24 Sep 2008
David R. Gallagher, Andrew N. Ross and Peter L. Swan
Capital Markets CRC Limited, University of New South Wales (UNSW) and University of New South Wales (UNSW Sydney
Downloads 238 (125,478)

Abstract:

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Security Timing, Daily Trading, Performance Evaluation

31.

Is it Ability or Size Alone Which Explains High Executive Pay in Large Firms? New Evidence on the 'Cloning' Hypothesis

UNSW School of Banking and Finance Faculty of Commerce Working Paper
Number of pages: 21 Posted: 16 Feb 2002
Teddy Oetomo and Peter L. Swan
Schroder Investment Management Indonesia and University of New South Wales (UNSW Sydney
Downloads 219 (136,176)
Citation 1

Abstract:

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executive pay, firm size, managerial ability, firm performance, cloning hypothesis

32.

Do Active Fund Managers Care about Capital Gains Tax Efficiency?

20th Australasian Finance & Banking Conference 2007 Paper
Number of pages: 30 Posted: 07 Mar 2007 Last Revised: 30 Mar 2008
University of New South Wales (UNSW Sydney, University of New South Wales - School of Banking and Finance, UNSW Australia Business School, School of Banking and Finance and Capital Markets CRC Limited
Downloads 207 (143,672)
Citation 5

Abstract:

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portfolio management, capital gains tax, active management

33.

Do Institutional Investors Really Reduce Executive Compensation whilst Raising Incentives?

Critical Finance Review, Forthcoming
Number of pages: 33 Posted: 13 Apr 2007 Last Revised: 08 May 2013
Gavin Smith and Peter L. Swan
University of New South Wales - School of Banking and Finance and University of New South Wales (UNSW Sydney
Downloads 204 (145,648)

Abstract:

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Executive compensation, Monitoring, Institutional ownership, Principal-agent, Incentives, Concentrated ownership

Is Liquidity Largely Unpriced While Market Volatility is Systematically Priced?

Number of pages: 61 Posted: 15 Jan 2016 Last Revised: 11 Feb 2016
Andre Levy and Peter L. Swan
UNSW Business School and University of New South Wales (UNSW Sydney
Downloads 102 (257,607)

Abstract:

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equity-premium puzzle, illiquidity premium, liquidity, trading, volatility risk

Is Market Volatility Systematically Priced While Illiquidity Is Only Priced on the Down-Side?

29th Australasian Finance and Banking Conference 2016
Number of pages: 43 Posted: 26 Feb 2016 Last Revised: 21 Aug 2016
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 101 (259,379)

Abstract:

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equity-premium puzzle, illiquidity premium, liquidity, short-sale, volatility risk

Reg NMS and Minimum-Tick Distort the Market in Opposing Directions: Theory and Market Experimental Evidence

Number of pages: 58 Posted: 14 Sep 2017 Last Revised: 02 Dec 2018
Yiping Lin, Peter L. Swan and Vito Mollica
Capital Markets CRC Limited (CMCRC), University of New South Wales (UNSW Sydney and Macquarie Graduate School of Management
Downloads 144 (198,141)

Abstract:

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Information Content, Toxicity, Tick Size, Exchange Access Fee, Reg NMS Rules.

Reg NMS and Minimum-Tick Distort the Market in Opposing Directions: Theory and Market Experimental Evidence

Macquarie University Faculty of Business & Economics Research Paper
Number of pages: 47 Posted: 09 Nov 2018
Yiping Lin, Peter L. Swan and Vito Mollica
Capital Markets CRC Limited (CMCRC), University of New South Wales (UNSW Sydney and Macquarie Graduate School of Management
Downloads 26 (490,422)

Abstract:

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Information Content, Information Asymmetry, Tick Size, Exchange Access Fee, Reg NMS Rules.

36.

Optimal Portfolio Balancing Under Conventional Preferences and Transaction Costs Explains the Equity Premium Puzzle

Number of pages: 50 Posted: 10 Mar 2005
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 165 (176,384)
Citation 2

Abstract:

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equity-premium puzzle, asset prices, liquidity, trading, transactions cost

37.
Downloads 161 (180,051)

Informationless Trading

NYU Working Paper No. FIN-03-035
Number of pages: 46 Posted: 11 Nov 2008
New York University - Stern School of Business, Capital Markets CRC Limited, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and University of New South Wales (UNSW Sydney
Downloads 85 (290,278)

Abstract:

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Informationless Trading, Sharpe Ratios, Performance Evaluation

Informationless Trading

NYU Working Paper No. SC-AM-04-01
Number of pages: 46 Posted: 04 Nov 2008
New York University - Stern School of Business, Capital Markets CRC Limited, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and University of New South Wales (UNSW Sydney
Downloads 76 (310,740)

Abstract:

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Informationless Trading, Sharpe Ratios, Performance Evaluation

38.

Will the True Marginal Investor Please Stand Up?: Asset Prices with Immutable Security Trading by Investors

UNSW School of Banking and Finance Working Paper
Number of pages: 28 Posted: 16 Feb 2002
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 155 (185,894)
Citation 1

Abstract:

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asset pricing, liquidity, security trading, transactions cost, trading benefits

Why Maker-Taker Fees Improve Exchange Quality: Theory and Natural Experimental Evidence

Number of pages: 63 Posted: 13 Sep 2017 Last Revised: 21 Mar 2019
Capital Markets CRC Limited (CMCRC), University of New South Wales (UNSW Sydney and Wake Forest University
Downloads 114 (237,942)

Abstract:

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Maker-Taker Fee, Exchange Competition, Market Quality, High Frequency Trading

Why Maker-Taker Fees Improve Exchange Quality: Theory and Natural Experimental Evidence

Number of pages: 71 Posted: 06 Nov 2018
Capital Markets CRC Limited (CMCRC), University of New South Wales (UNSW Sydney and Wake Forest University
Downloads 27 (484,679)

Abstract:

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Maker-Taker Fee, Exchange Competition, Market Quality, High Frequency Trading

40.

Concave Payoff Patterns in Equity Fund Holdings and Transactions

Number of pages: 29 Posted: 14 Mar 2006
New York University - Stern School of Business, University of New South Wales (UNSW Sydney, Capital Markets CRC Limited and Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)
Downloads 136 (206,846)

Abstract:

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Performance measurement, market timing measures, disposition effect, overlay strategies

41.

The Threat of Exit with Optimal Contracting: Institutional Churning Trades and Subsequent Firm Performance

Number of pages: 50 Posted: 07 Jul 2009
David R. Gallagher, Peter Gardner and Peter L. Swan
Capital Markets CRC Limited, Plato Investment Management and University of New South Wales (UNSW Sydney
Downloads 131 (213,198)
Citation 2

Abstract:

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informativeness, voting with your feet, Wall Street rule, churning, governance

42.

Why are Limit Orders Always Linear?

Number of pages: 8 Posted: 19 Mar 2008
Andre Levy and Peter L. Swan
UNSW Business School and University of New South Wales (UNSW Sydney
Downloads 121 (226,446)

Abstract:

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43.

Executive Pay and Firm Size in the Presence of Career Concerns and Labor Market Competition

Number of pages: 54 Posted: 15 Mar 2010
Jaeyoung Sung and Peter L. Swan
Ajou University and University of New South Wales (UNSW Sydney
Downloads 97 (264,569)

Abstract:

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CEO pay, firm size, track-record, talent, principal-agent

44.

Intra-Day Revelation of Counterparty Identity in the World's Best-Lit Market

28th Australasian Finance and Banking Conference
Number of pages: 52 Posted: 14 Aug 2015 Last Revised: 28 Jul 2016
University of Adelaide, University of New South Wales (UNSW Sydney and University of Sydney Business School
Downloads 89 (279,569)

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transparency, anonymity, market efficiency, market quality

45.

When the Remedy Is the Problem: Independent Boards, Short-Termism, and the Subprime Crisis

31st Australasian Finance and Banking Conference 2018
Number of pages: 34 Posted: 14 Jun 2018 Last Revised: 24 Jan 2019
Dietmar Leisen and Peter L. Swan
Johannes Gutenberg University Mainz - Department of Banking and University of New South Wales (UNSW Sydney
Downloads 83 (291,902)

Abstract:

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G21; G32; G34

46.

Institutional Trader Monitoring and Firm Performance

Number of pages: 38 Posted: 19 Dec 2011
Brandon Chen and Peter L. Swan
Victoria University of Wellington and University of New South Wales (UNSW Sydney
Downloads 71 (319,619)

Abstract:

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Wall Street Rule, Institutional investor monitoring, Firm performance, Corporate governance

47.

Investment, the Corporate Tax Rate, and the Pricing of Franking Credits

31st Australasian Finance and Banking Conference 2018
Number of pages: 28 Posted: 30 Jul 2018 Last Revised: 05 Apr 2019
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 70 (322,075)

Abstract:

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Franking credit, imputation benefit, corporate tax, investment, small country

48.

When are Limit Orders Linear?

Number of pages: 23 Posted: 25 Jan 2011
André Levy and Peter L. Swan
Australian Prudential Regulation Authority and University of New South Wales (UNSW Sydney
Downloads 35 (434,850)

Abstract:

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market microstructure, uniqueness, market power, Kyle model, market impact

49.

Is An Informative Stock Price Used Less in Incentive Contracts?

Number of pages: 37 Posted: 06 May 2019 Last Revised: 20 May 2019
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 34 (438,979)

Abstract:

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Liquidity, Agency, Incentives, Monitoring, Franchise

50.

Australian Chief Executive Officer Remuneration: Pay and Performance

Accounting and Finance, Vol. 46, No. 3, pp. 481-497, September 2006
Number of pages: 17 Posted: 18 Aug 2006
University of Sydney Business School, University of New South Wales (UNSW Sydney, University of Sydney Business School and Australian National University
Downloads 34 (438,979)
Citation 11
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Abstract:

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51.

'Smart Money?': The Trading Performance of Hedge Funds in a Zero-Sum Contest

30th Australasian Finance and Banking Conference 2017
Number of pages: 46 Posted: 17 Aug 2017
Wei Lu and Peter L. Swan
The University of New South Wales and University of New South Wales (UNSW Sydney
Downloads 30 (456,635)

Abstract:

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Hedge funds, Mutual funds, Calendar-time, Horizon-invariant, Trading performance

52.

Why Do Agency Theorists Misinterpret Market Monitoring?

Number of pages: 34 Posted: 19 Mar 2018 Last Revised: 17 Apr 2018
Peter L. Swan
University of New South Wales (UNSW Sydney
Downloads 28 (466,311)

Abstract:

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Pay-Performance Sensitivity, Governance Through Trading, Agency, Incentives, External Monitoring

53.

Limit Up Limit Down, Exchange Access Fee and High Frequency Trading Around Price Limits

30th Australasian Finance and Banking Conference 2017
Number of pages: 39 Posted: 17 Aug 2017 Last Revised: 24 Mar 2019
Yiping Lin and Peter L. Swan
Capital Markets CRC Limited (CMCRC) and University of New South Wales (UNSW Sydney
Downloads 27 (471,349)

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Limit Up Limit Down, Dynamic Price Limit, Magnet Effect, Exchange Access Fee, High Frequency Trading

54.

Are Domestic Household Investors Better Performers than Foreign Institutions? New Evidence from Finland

2016, Behavioral Finance, Where Do Investors' Biases Come From?, Edited by Itzhak Venezia, Hackensack, NJ, World Scientific Publishing
Number of pages: 39 Posted: 06 Jul 2017
Peter L. Swan and P. Joakim Westerholm
University of New South Wales (UNSW Sydney and University of Sydney Business School
Downloads 26 (476,543)

Abstract:

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positive-feedback trading; agency problems; home-bias; noise trading

55.

Who Benefits from Broker ID Disclosure?

31st Australasian Finance and Banking Conference 2018
Number of pages: 67 Posted: 30 Jul 2018
Juliane Krug, Peter L. Swan and P. Joakim Westerholm
University of New South Wales, University of New South Wales (UNSW Sydney and University of Sydney Business School
Downloads 25 (481,933)

Abstract:

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Market quality, market efficiency, liquidity, transparency, broker IDs, trades, orders, individual investors, institutional investors

56.

The State as Marriage Partner of Last Resort: A Labor Market Approach to Single Motherhood in the United States, 1960-1980

Number of pages: 55 Posted: 27 Apr 2013
Michael S. Bernstam and Peter L. Swan
Stanford University - The Hoover Institution on War, Revolution and Peace and University of New South Wales (UNSW Sydney
Downloads 23 (492,812)

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single-motherhood, labor-market, teenage women, joblessness, minimum-wage

57.

How Brokers Facilitate Trade for Long-Term Clients in Competitive Securities Markets

JOURNAL OF BUSINESS, January 1995
Posted: 20 Dec 1998
Michael J. Aitken, Peter L. Swan and Gerald T. Garvey
Macquarie Graduate School of Management, University of New South Wales (UNSW Sydney and Blackrock

Abstract:

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58.

Stock Market Liquidity and Optimal Management Compensation: Theory and Evidence

Posted: 10 Oct 1998
Blackrock, University of New South Wales (UNSW Sydney and affiliation not provided to SSRN

Abstract:

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