Reuben Segara

University of Sydney Business School

Senior Lecturer

Sydney

Australia

http://www.sydney.edu.au/business/about/our-people/academic-staff/reuben-segara.html

Financial Research Network (FIRN)

C/- University of Queensland Business School

St Lucia, 4071 Brisbane

Queensland

Australia

http://www.firn.org.au

  • University of Sydney Business School

    • Email
    • Tel: +61 2 9351 8790
    • Fax: +61 2 9351 6461
SCHOLARLY PAPERS

18

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1,169

TOTAL CITATIONS

1

Ideas:
“  My research interests are centred on examining market efficiency and integrity issues in capital markets. Specifically, my research focuses on the trading behaviors of different groups of market participants  ”

  • University of Sydney Business School

    • Email
    • Tel: +61 2 9351 8790
    • Fax: +61 2 9351 6461

Scholarly Papers (18)

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1.

The Cost of Being Green: How ESG Ratings Affect a Firm’s Cost of Equity

Number of pages: 36 Posted: 10 Jul 2023 Last Revised: 17 Sep 2023
Alessio Galluzzi, Fergus O'Donnell and Reuben Segara
The University of Sydney - Discipline of Finance, Azure Capital and University of Sydney Business School
Downloads 593 (98,254)
Citation 1

Abstract:

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ESG ratings, Socially Responsible Investing, Principles of Responsible Investment, Cost of Equity

2.

Stock Price Movements and Trading Behaviors Around Merger and Acquisition Announcements: Evidence from the Korean Stock Market

International Journal of Managerial Finance, Vol. 15(4): 593-610 (2019)
Number of pages: 37 Posted: 14 Mar 2018 Last Revised: 27 Oct 2021
Jingwei Feng, Reuben Segara and Jin Young Yang
University of Sydney Business School, University of Sydney Business School and Inha University
Downloads 249 (261,364)

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Mergers and Acquisitions; Trading Behaviors; Types of Investors; Korean Stock Market

3.

Asset Price Bubbles in the Australian Market

CIFR Paper No. 119/2016
Number of pages: 154 Posted: 30 Aug 2016
Jamie Alcock, Petra Sinagl, Angelo Aspris, Sean Foley, Stephen E. Satchell, Reuben Segara, Danika J. Wright and Juan Yao
University of Oxford, University of Iowa - Department of Finance, University of Sydney - Discipline of Finance, Macquarie University, University of Cambridge - Faculty of Economics and Politics, University of Sydney Business School, The University of Sydney - Discipline of Finance and University of Sydney - Business School - Finance Discipline
Downloads 216 (300,093)

Abstract:

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Asset Price bubbles, Markets

4.

Did the Paris Agreement Transform the ESG-Cost of Equity Dynamics for U.S. Firms?

Number of pages: 19 Posted: 20 Dec 2023
Alessio Galluzzi and Reuben Segara
The University of Sydney - Discipline of Finance and University of Sydney Business School
Downloads 111 (526,426)

Abstract:

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ESG ratings, Cost of equity, Socially responsible investing, Agency Costs

5.

The Differential Impact of Leverage on Firm Investment: Evidence From Advanced and Developing Countries

Posted: 24 Jan 2021 Last Revised: 31 Aug 2023
Reuben Segara and Jin Young Yang
University of Sydney Business School and Inha University

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Leverage; Investment; Advanced countries; Developing countries; Corporate finance

6.

Firm, Institutional, and Short Sellers’ Trading Behavior around Share Repurchases

Managerial Finance, Forthcoming.
Posted: 08 Jul 2020 Last Revised: 27 Oct 2021
Reuben Segara and Jin Young Yang
University of Sydney Business School and Inha University

Abstract:

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Share repurchases, Short selling, Institutional investors, Informed investors

7.

Testing Price Bubbles in Australian Listed Equities and A-REIT Markets

The Australasian Journal of Applied Finance, Issue 3(Article 2): 9-16, 2019
Posted: 01 Jun 2020
Jamie Alcock, Angelo Aspris, Stephen Satchell, Danika J. Wright, Reuben Segara and Juan Yao
University of Oxford, University of Sydney - Discipline of Finance, The University of Sydney, The University of Sydney - Discipline of Finance, University of Sydney Business School and University of Sydney - Business School - Finance Discipline

Abstract:

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Price Bubbles, Financial Stability, A-REIT Markets, Detection Methodologies

8.

Does Spurious Mean Reversion in Basis Changes Still Exist After the Introduction of Exchange Traded Funds

Review of Futures Markets Vol 17(4): Article 4, 2009
Posted: 01 Jun 2020
Nivine Richie, Jayaram Muthuswamy, Reuben Segara and Robert I. Webb
University of North Carolina Wilmington, Kent State University, University of Sydney Business School and University of Virginia - McIntire School of Commerce

Abstract:

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Observed Basis Mean Reversion, Spurious Basis Predictability, Cash Index, Exchange Traded Funds, SPDR’s, Index Futures, Non-Synchronicity Between Cash and Derivative Securities

9.

The impact of trade characteristics on stock return volatility: Evidence from the Australian Stock Exchange

Asia-Pacific Journal of Financial Studies, Vol 38(2): 163-186, 2008
Posted: 01 Jun 2020
Alex Frino, Reuben Segara and Hui Zheng
University of Wollongong, University of Sydney Business School and Discipline of Finance, The University of Sydney

Abstract:

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Trade Characteristics, Stock Return Volatility, Information Asymmetry, Stealth Trading, Market Microstructure

10.

Market Microstructure Effects on Volatility at the TAIFEX

Journal of Futures Markets, Vol 27(12): 1219-1243, 2007
Posted: 01 Jun 2020
Jayaram Muthuswamy, Reuben Segara and Robert I. Webb
Kent State University, University of Sydney Business School and University of Virginia - McIntire School of Commerce

Abstract:

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Volatility, Stock Index Futures, TAIFEX, SGX, Market Micro-structure

11.

Supporting the Reflective Practice of Tutors: What Do Tutors Reflect On?

Teaching in Higher Education, Vol 15(1): 57-70, 2010
Posted: 01 Jun 2020
Armani Bell, Rosina Mladenovic and Reuben Segara
affiliation not provided to SSRN, affiliation not provided to SSRN and University of Sydney Business School

Abstract:

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Academic Teaching Development, Improving Teaching Practice, Self-Reflection, Sessional Staff

12.

The Impact of Trading Halts on Liquidity and Price Volatility: Evidence From the Australian Stock Exchange

Pacific-Basin Finance Journal Vol. 19(3): 298-307 (2011)
Posted: 01 Jun 2020
Alex Frino, Steven Lecce and Reuben Segara
University of Wollongong, affiliation not provided to SSRN and University of Sydney Business School

Abstract:

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Australian securities exchange, Market microstructure,Trading halts, Liquidity

13.

Does Broker Anonymity Hide Informed Traders?

International Finance Review Vol. 13 (Transparency and Governance): 287-313 (2012), Macquarie Business School Research Paper
Posted: 01 Jun 2020
Andrew Lepone, Reuben Segara and Brad Wong
Macquarie University, Macquarie Business School, University of Sydney Business School and affiliation not provided to SSRN

Abstract:

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Broker anonymity, Informed trading, Stock exchange, Takeovers

14.

The Impact of Naked Short Selling on the Securities Lending and Equity Market

Journal of Financial Markets, Vol. 15(1): 81-107, 2012, Macquarie Business School Research Paper
Posted: 01 Jun 2020
Steven Lecce, Andrew Lepone, Michael D. McKenzie and Reuben Segara
affiliation not provided to SSRN, Macquarie University, Macquarie Business School, The University of Sydney - Discipline of Finance and University of Sydney Business School

Abstract:

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Short Sale Constraints, Liquidity, Naked Short Selling, Australian Securities Exchange, Regression Discontinuity Design

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The Asian Financial Crisis; Emerging countries; Financing constraints; Cash reserve policy; Investment decisions; Financing decisions; Payout policy

16.

Foreign Investors’ Trading Behaviors around Merger and Acquisition Announcements: Evidence from Korea

Finance Research Letters, Volume 37, November 2020, 101375
Posted: 29 May 2019 Last Revised: 07 Sep 2021
Jin Young Yang and Reuben Segara
Inha University and University of Sydney Business School

Abstract:

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Mergers and acquisitions, Trading behaviors, Foreign investors, Korean stock market

17.

Analyst Tipping: Evidence on Finnish Stocks

International Review of Financial Analysis, Vol. 66: 1-12. (2019)
Posted: 07 Dec 2017 Last Revised: 12 May 2020
Ruiqi Mao, Reuben Segara and P. Joakim Westerholm
University of Sydney Business School, University of Sydney Business School and University of Sydney Business School

Abstract:

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analyst upgrades, analyst downgrades, tipping

18.

The bid-ask spread of bank-issued options: A quantile regression analysis

Quantitative Finance, Vol 13(8): 1241-1255
Posted: 25 Aug 2008 Last Revised: 04 May 2020
Giovanni Petrella and Reuben Segara
Università Cattolica del Sacro Cuore and University of Sydney Business School

Abstract:

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covered warrants, options, liquidity, bid-ask spread