Terry S. Walter

University of Sydney

Professor of Finance

P.O. Box H58

Sydney, NSW 2006

Australia

University of Technology, Sydney - School of Finance and Economics

Financial Research Network (FIRN)

C/- University of Queensland Business School

St Lucia, 4071 Brisbane

Queensland

Australia

http://www.firn.org.au

SCHOLARLY PAPERS

29

DOWNLOADS
Rank 8,509

SSRN RANKINGS

Top 8,509

in Total Papers Downloads

9,784

SSRN CITATIONS
Rank 14,426

SSRN RANKINGS

Top 14,426

in Total Papers Citations

55

CROSSREF CITATIONS

43

Scholarly Papers (29)

1.

The Association between Audit Quality, Accounting Disclosures and Firm-Specific Risk: Evidence from the Australian IPO Market

Number of pages: 32 Posted: 22 Mar 2000
University of Sydney, Monash University, University of Technology Sydney and University of Sydney
Downloads 1,881 (16,184)
Citation 7

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2.

The Reach of the Disposition Effect: Large Sample Evidence Across Investor Classes

Number of pages: 33 Posted: 21 Mar 2002
UWA Business School, M250, University of Sydney Business School, The University of Western Australia - Department of Accounting and Finance and University of Sydney
Downloads 942 (44,970)
Citation 34

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Disposition effect, behavioural finance, tax-loss selling, house-money effect, prospect theory

3.

The Role of Investment Banks in M&A Transactions: Fees and Services

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 49 Posted: 31 Aug 2007
Alfred Yawson, Charles P. W. Yeung and Terry S. Walter
University of Adelaide, Macquarie Bank and University of Sydney
Downloads 806 (55,713)
Citation 1

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Investment banks, Quality premium, Advisory fees, Stock bids

4.

Lower Defeat Thresholds for Minority Shareholders and Corporate Governance: Evidence from the Australian 'Two-strikes' Rule

CIFR Paper No. 130/2016
Number of pages: 56 Posted: 30 Nov 2016 Last Revised: 01 Dec 2022
University of Technology, Sydney, The University of Western Australia - Department of Accounting and Finance, University of Technology Sydney, University of Sydney and New York University (NYU) - Stern School of Business
Downloads 719 (65,061)
Citation 4

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Say on pay, Two-strikes rule, Lower defeat thresholds, ASX firms

The Role of 'Other Information' in Analysts’ Forecasts in Understanding Stock Return Volatility

Review of Accounting Studies, Forthcoming, FIRN Research Paper
Number of pages: 53 Posted: 03 Oct 2013
Yaowen Shan, Stephen L. Taylor and Terry S. Walter
University of Technology Sydney, University of Technology Sydney and University of Sydney
Downloads 394 (134,252)

Abstract:

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Other information, analysts’ forecasts, stock return volatility, variance decomposition

The Role of 'Other Information' in Analysts’ Forecasts in Understanding Stock Return Volatility

Review of Accounting Studies, Forthcoming
Number of pages: 53 Posted: 13 Mar 2008 Last Revised: 02 Nov 2018
Yaowen Shan, Stephen L. Taylor and Terry S. Walter
University of Technology Sydney, University of Technology Sydney and University of Sydney
Downloads 254 (214,754)
Citation 4

Abstract:

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Other information, analysts’ forecasts, volatility, variance decomposition

6.

Investment Manager Skill in Small-Cap Equities

Number of pages: 35 Posted: 23 Aug 2005 Last Revised: 04 Sep 2008
University of New South Wales, University of Melbourne - Department of Finance, University of Sydney and Bond University
Downloads 624 (77,819)
Citation 8

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Small-cap equity funds, trading activity, performance

7.

Cross-Region, Cross-Sector Asset Allocation with Regimes

23rd Australasian Finance and Banking Conference 2010 Paper
Number of pages: 52 Posted: 09 Aug 2010 Last Revised: 27 Jan 2013
Macquarie University, Bond University, UniSuper Management Limited and University of Sydney
Downloads 570 (87,093)
Citation 1

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strategic asset allocation, Dynamic asset allocation, International diversification, sector rotation, regime switching, Markov switching

8.

Portfolio Quality and Mutual Fund Performance

International Review of Finance, Vol. 14, Issue 4, pp. 485-521, 2014
Number of pages: 51 Posted: 25 Sep 2012 Last Revised: 29 Jan 2015
Bond University, Plato Investment Management, SuperRatings and University of Sydney
Downloads 378 (141,929)

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Mutual Funds, Active Management, Investment Performance, Fundamental Analysis, Quality, Stock Holdings

9.

Price Behaviour Surrounding Blocks: Asymmetric or Bid-Ask Bias

Number of pages: 21 Posted: 14 Jun 2003
Alex Frino, Vito Mollica and Terry S. Walter
The University of Sydney - Discipline of Finance, Macquarie Graduate School of Management and University of Sydney
Downloads 329 (165,263)
Citation 4

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Block trades, Bid-Ask Bias, Asymmetry, Execution Costs, Market Microstructure

Transaction Costs and Institutional Trading in Small-Cap Equity Funds

Number of pages: 32 Posted: 25 Oct 2006
University of Melbourne - Department of Finance, University of Sydney, The University of Sydney and Bond University
Downloads 328 (164,608)
Citation 3

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transaction costs, small-cap funds, price impact

Transaction Costs and Institutional Trading in Small-Cap Equity Funds

Australian Journal of Management, Vol. 35, No. 3, pp. 313-327, 2010
Posted: 02 Apr 2011
University of Melbourne - Department of Finance, Bond University, The University of Sydney and University of Sydney

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price impact, small-cap funds, transaction costs

11.

Investment Performance of 'Environmentally-Friendly' Firms and their Initial Public Offers and Seasoned Equity Offers

Number of pages: 26 Posted: 06 Sep 2009 Last Revised: 25 Feb 2014
Pak To Chan and Terry S. Walter
The Hong Kong University of Science & Technology and University of Sydney
Downloads 278 (197,820)
Citation 10

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Initial public offerings, seasoned equity offerings, event studies, environment, green, equity performance

12.

Corporate Governance and the Long-Run Performance of Firms Issuing Seasoned Equity: An Australian Study

22nd Australasian Finance and Banking Conference 2009
Number of pages: 43 Posted: 16 Apr 2009 Last Revised: 04 Jan 2010
Philip R. Brown, Michael Lee, Sian A. Owen and Terry S. Walter
UWA Business School, M250, affiliation not provided to SSRN, UNSW Australia Business School, School of Banking and Finance and University of Sydney
Downloads 277 (197,820)
Citation 11

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Corporate governance, seasoned equity issue, long-run underperformance

13.

Superannuation Fees and Asset Allocation

CIFR Paper No. 114/2016
Number of pages: 36 Posted: 09 Aug 2016
University of Wollongong - School of Accounting, Economics & Finance, The University of Sydney, The University of Sydney - Discipline of Finance, Deakin University - Department of Finance (Property and Real Estate) and University of Sydney
Downloads 246 (223,593)
Citation 1

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Superannuation funds, investment fees, administration fees, asset allocation

14.

Superannuation Fund Performance and Fund Fees

CIFR Paper No. 115/2016
Number of pages: 32 Posted: 09 Aug 2016
University of Wollongong - School of Accounting, Economics & Finance, The University of Sydney, The University of Sydney - Discipline of Finance, Deakin University - Department of Finance (Property and Real Estate) and University of Sydney
Downloads 238 (230,181)
Citation 1

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Investment fees, Performance evaluation, Superannuation funds

15.

Earnings Management or Measurement Error? The Effect of External Financing on Unexpected Accruals

Asian Finance Association (AsianFA) 2015 Conference Paper
Number of pages: 60 Posted: 17 Mar 2010 Last Revised: 02 Nov 2018
Yaowen Shan, Stephen L. Taylor and Terry S. Walter
University of Technology Sydney, University of Technology Sydney and University of Sydney
Downloads 229 (238,747)
Citation 5

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Accruals, earnings management, unexpected accruals, net external financing

16.

The Effect of Investor Category Trading Imbalances on Stock Returns

Number of pages: 35 Posted: 23 Aug 2007
David B. Colwell, Julia Henker and Terry S. Walter
UNSW Australia Business School, School of Banking and Finance, Bond University and University of Sydney
Downloads 194 (278,395)
Citation 1

Abstract:

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trading imbalance, retail investor, feedback trading

17.

The Packaging of Small Trades: Evidence of Price Impact Costs on Block Trading from the Singapore Exchange

Number of pages: 43 Posted: 27 Aug 2011
Murphy Lee and Terry S. Walter
University of Technology Sydney (UTS) and University of Sydney
Downloads 173 (308,123)

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Block Trades, Microstructure, Price Impact Costs

18.

Evidence Contrary to the Disposition Effect Amongst UK Managed Funds

Number of pages: 32 Posted: 04 Mar 2005
Raymond da Silva Rosa, Huong Minh To and Terry S. Walter
The University of Western Australia - Department of Accounting and Finance, University of Western Australia - Business School and University of Sydney
Downloads 157 (334,848)
Citation 1

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Disposition effect, managed funds, size effect

Quality Investing in an Australian Context

Australian Journal of Management, Vol. 39: 4, 2014, pp. 615-643
Number of pages: 53 Posted: 07 May 2013 Last Revised: 29 Jan 2015
Bond University, Plato Investment Management, SuperRatings and University of Sydney
Downloads 148 (351,850)
Citation 3

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Mutual Funds, Active Management, Investment Performance, Fundamental Analysis, Quality, Stock Holdings

Quality Investing in an Australian Context

Australian Journal of Management, Vol. 39, No. 4, 2014
Posted: 14 Nov 2014
Plato Investment Management, SuperRatings, University of Sydney and Bond University

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Active management, investment performance, fundamental analysis, mutual funds, quality, stock holdings

20.

Are Australian Superannuation Industry Fees Too High?

CIFR Paper No. 116/2016
Number of pages: 25 Posted: 02 Aug 2016 Last Revised: 02 Nov 2016
University of Wollongong - School of Accounting, Economics & Finance, The University of Sydney, The University of Sydney - Discipline of Finance, Deakin University - Department of Finance (Property and Real Estate) and University of Sydney
Downloads 138 (371,630)

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21.

Comparative Advantage, Industry Specialization, and the Role of Investment Banks in M&As

Number of pages: 43 Posted: 08 Nov 2014
Stockholm University - School of Business, University of Sydney, University of Adelaide and University of Adelaide - Business School
Downloads 138 (371,630)

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Industry Specialist advisors; Comparative Advantage, Acquirers, Abnormal Returns, Advisory Fees, Deal Completion

22.

Superannuation Fees, Asset Allocation and Fund Performance

Number of pages: 39 Posted: 14 Sep 2021
University of Wollongong - School of Accounting, Economics & Finance, The University of Sydney, The University of Sydney - Discipline of Finance, Deakin University - Department of Finance (Property and Real Estate) and University of Sydney
Downloads 121 (413,457)

Abstract:

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Superannuation funds, investment fees, administration fees, asset allocation

23.

The Role of Non-Accounting Information in Understanding Stock Return Volatility

Number of pages: 46 Posted: 17 Jan 2009 Last Revised: 02 Nov 2018
Yaowen Shan, Stephen L. Taylor and Terry S. Walter
University of Technology Sydney, University of Technology Sydney and University of Sydney
Downloads 97 (481,821)

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Non-accounting information, analysts' forecasts, stock price volatility, systematic and idiosyncratic risk

24.

Broker Recommendations and Australian Small-Cap Equity Fund Management

Number of pages: 29 Posted: 23 Jan 2010 Last Revised: 23 Apr 2010
University of Melbourne - Department of Finance, Bond University, University of New South Wales and University of Sydney
Downloads 93 (495,180)

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25.

Can Firm-Specific Dividend Drop-Off Ratios be Used to Infer Shareholder Marginal Tax Rates?

Accounting & Finance, Forthcoming
Number of pages: 38 Posted: 01 Jul 2020
Andrew Ainsworth, Adrian D. Lee and Terry S. Walter
University of Wollongong - School of Accounting, Economics & Finance, Deakin University - Department of Finance (Property and Real Estate) and University of Sydney
Downloads 32 (815,083)

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Ex-dividend day,drop off ratio, marginal tax rate

26.

The Microstructure of Australian Takeover Announcements

Australian Journal of Management, Vol. 40, No. 1, 2015
Posted: 11 Mar 2015
Martin Bugeja, Vinay Patel and Terry S. Walter
University of Technology, Sydney, University of Technology Sydney (UTS) and University of Sydney

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Aggressive trading, bidder, microstructure, takeover announcement, target, trade initiators, VPIN

27.

Out-of-Sample Stock Return Predictability in Australia

Australian Journal of Management, Vol. 37, No. 3, 2012
Posted: 19 Dec 2012
Macquarie University, Bond University, UniSuper Management Limited and University of Sydney

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combination forecasts, out-of-sample predictability, portfolio allocation, predictive regression, sector rotation

28.

Ex-Dividend Day Behaviour in the Absence of Taxes and Price Discreteness

International Review of Finance, Vol. 8, pp. 103-123, Second Singapore International Conference on Finance 2008
Posted: 15 Feb 2008 Last Revised: 19 Jul 2010
Khamis Al-Yahyaee, Toan M. Pham and Terry S. Walter
Sultan Qaboos University, UNSW Australia Business School, School of Banking and Finance and University of Sydney

Abstract:

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dividends, bid-ask spread, tax effects, market microstructure, tick size

29.

The Impact of Statutory Sanctions on the Level and Information Content of Voluntary Corporate Disclosure

Posted: 18 Jul 1998
Philip R. Brown, Stephen L. Taylor and Terry S. Walter
UWA Business School, M250, University of Technology Sydney and University of Sydney

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