Adrian D. Lee

Deakin University - Department of Finance (Property and Real Estate)

Associate Professor

70 Elgar Road

Melbourne, VIC 3125

Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School

St Lucia, 4071 Brisbane

Queensland

Australia

http://www.firn.org.au

SCHOLARLY PAPERS

25

DOWNLOADS
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Top 8,486

in Total Papers Downloads

5,821

SSRN CITATIONS
Rank 13,385

SSRN RANKINGS

Top 13,385

in Total Papers Citations

49

CROSSREF CITATIONS

28

Ideas:
“  Behavioral real estate  ”

Scholarly Papers (25)

1.

Bitcoin: Medium of Exchange or Speculative Assets?

Number of pages: 31 Posted: 07 Feb 2015 Last Revised: 26 Sep 2017
Dirk G. Baur, Kihoon Hong and Adrian D. Lee
University of Western Australia - Business School, University of Technology Sydney (UTS) and Deakin University - Department of Finance (Property and Real Estate)
Downloads 2,521 (5,464)
Citation 64

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Bitcoin; digital currency; alternative currency; medium of exchange; asset class; safe haven

Benchmarking Benchmarks: Measuring Characteristic Selectivity Using Portfolio Holdings Data

Accounting and Finance, Forthcoming
Number of pages: 32 Posted: 27 Mar 2007 Last Revised: 27 Jul 2008
University of New South Wales - School of Banking and Finance, Deakin University - Department of Finance (Property and Real Estate) and Rozetta Institute
Downloads 549 (53,223)
Citation 1

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Equity fund benchmarking, Characteristic-based benchmarks

Benchmarking Benchmarks: Measuring Characteristic Selectivity Using Portfolio Holdings Data

Accounting & Finance, Vol. 48, No. 5, pp. 761-781, December 2008
Number of pages: 21 Posted: 03 Nov 2008
University of New South Wales - School of Banking and Finance, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 4 (701,246)
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3.

The Value of Alpha Forecasts in Portfolio Construction

Number of pages: 31 Posted: 03 Aug 2007 Last Revised: 19 May 2008
University of New South Wales - School of Banking and Finance, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 403 (78,722)

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Portfolio construction, Fund mimicking strategies

4.

Individual Investors and Broker Types

Number of pages: 42 Posted: 19 Mar 2010 Last Revised: 08 Nov 2012
University of New South Wales - School of Banking and Finance, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 312 (105,281)
Citation 1

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Individual investors, individual investor trade performance, market efficiency

5.

Virtual Currencies: Media of Exchange or Speculative Asset?

SWIFT Institute Working Paper No. 2014-007
Number of pages: 33 Posted: 06 Jul 2016
Dirk G. Baur, Kihoon Hong and Adrian D. Lee
University of Western Australia - Business School, University of Technology Sydney (UTS) and Deakin University - Department of Finance (Property and Real Estate)
Downloads 279 (118,752)

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Bitcoin; Virtual Currency; Digital Currency; Alternative Currency; Medium of Exchange; Asset Class; Safe Haven

6.

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 206 (160,345)
Citation 1

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Superannuation funds, investment fees, administration fees, asset allocation

Contracts for Dummies? The Performance of Investors in Contracts for Difference

Accounting & Finance, Forthcoming
Number of pages: 42 Posted: 15 Feb 2012 Last Revised: 20 Mar 2013
Adrian D. Lee and Shan Choy
Deakin University - Department of Finance (Property and Real Estate) and University of Technology Sydney (UTS)
Downloads 206 (160,082)

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contracts for difference, CFDs, individual investors, trading costs

Contracts for Dummies? The Performance of Investors in Contracts for Difference

Accounting & Finance, Vol. 54, Issue 3, pp. 965-997, 2014
Number of pages: 33 Posted: 24 Sep 2014
Adrian D. Lee and Shan Choy
Deakin University - Department of Finance (Property and Real Estate) and University of Technology Sydney (UTS)
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Contracts for difference, Individual investors, Trading costs

8.

Airbnb, COVID-19 Risk and Lockdowns: Local and Global Evidence

Number of pages: 75 Posted: 30 Apr 2020 Last Revised: 09 Jul 2020
Maggie Hu and Adrian D. Lee
The Chinese University of Hong Kong and Deakin University - Department of Finance (Property and Real Estate)
Downloads 196 (169,540)

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Airbnb, Travel activity, COVID-19, lockdown, stay-at-home orders, social distancing

9.

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 175 (185,905)
Citation 1

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Investment fees, Performance evaluation, Superannuation funds

10.

The State of Origin of Australian Equity: Does Active Fund Manager Location Matter?

Australian Journal of Management, Forthcoming
Number of pages: 29 Posted: 30 May 2007 Last Revised: 01 Sep 2008
University of New South Wales - School of Banking and Finance, Deakin University - Department of Finance (Property and Real Estate) and Rozetta Institute
Downloads 109 (270,286)

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Location, Information Advantages, Portfolio Management, Investment Performance

11.
Downloads 105 (277,372)

A Model of Emulation Funds

FIRN Research Paper
Number of pages: 47 Posted: 19 Sep 2013
Acadian Asset Management, The University of Sydney - Discipline of Finance, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 105 (279,061)

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multi-manager, fund-of-funds, transaction costs, emulation funds

A Model of Emulation Funds

Accounting & Finance, Vol. 55, Issue 3, pp. 717-748, 2015
Number of pages: 32 Posted: 03 Sep 2015
Acadian Asset Management, The University of Sydney - Discipline of Finance, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
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Multimanager, Fund‐of‐funds, Transaction costs, Emulation funds

12.

Waiting Costs and Limit Order Book Liquidity: Evidence from the Ex-Dividend Deadline in Australia

Number of pages: 53 Posted: 17 Mar 2011 Last Revised: 17 Mar 2014
Andrew Ainsworth and Adrian D. Lee
University of Wollongong - School of Accounting, Economics & Finance and Deakin University - Department of Finance (Property and Real Estate)
Downloads 101 (284,812)

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order aggressiveness, liquidity, bid-ask spread, ex-dividend day

13.

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 100 (286,690)

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14.

Melting Pot or Salad Bowl: Cultural Distance and Housing Investments

Number of pages: 71 Posted: 17 Aug 2015 Last Revised: 03 Feb 2020
Yongheng Deng, Maggie Hu and Adrian D. Lee
Wisconsin School of Business, University of Wisconsin-Madison, The Chinese University of Hong Kong and Deakin University - Department of Finance (Property and Real Estate)
Downloads 94 (298,364)

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cultural distance, housing investment, housing price, information friction, home bias

Testing the Effect of Portfolio Holdings Disclosure in an Environment Absent of Mandatory Disclosure

CIFR Paper No. 019/2014
Number of pages: 32 Posted: 23 May 2014 Last Revised: 12 Mar 2015
Zhe Chen, David R. Gallagher and Adrian D. Lee
Acadian Asset Management, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 93 (302,776)

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Managed funds, portfolio holdings disclosure, copycat funds

Testing the Effect of Portfolio Holdings Disclosure in an Environment Absent of Mandatory Disclosure

Accounting & Finance, Vol. 57, pp. 101-116, 2017
Number of pages: 16 Posted: 05 Apr 2017
Zhe Chen, David R. Gallagher and Adrian D. Lee
Acadian Asset Management, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 1 (735,614)
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Managed funds, Portfolio holdings disclosure, Copycat funds

Does Portfolio Emulation Outperform its Target Funds?

Number of pages: 40 Posted: 01 Sep 2012
Acadian Asset Management, The University of Sydney - Discipline of Finance, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 86 (318,293)
Citation 1

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Portfolio emulation, multi-manager, fund-of-funds, offsetting trades, market impact, brokerage

Does Portfolio Emulation Outperform Its Target Funds?

Australian Journal of Management, Vol. 38, No. 2, 2013
Posted: 30 Jul 2013
Acadian Asset Management, The University of Sydney - Discipline of Finance, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)

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Brokerage, fund-of-funds, market impact, multi-manager, offsetting trades, portfolio emulation

How has the Relevance of Institutional Brokerage Changed?

Number of pages: 32 Posted: 03 Oct 2011 Last Revised: 10 Aug 2014
University of New South Wales - School of Banking and Finance, The University of Sydney - Discipline of Finance, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 66 (371,528)

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transaction costs, price impact, brokers

How Has the Relevance of Institutional Brokerage Changed?

International Review of Finance, Vol. 16, Issue 4, pp. 499-524, 2016
Number of pages: 26 Posted: 07 Dec 2016
University of New South Wales - School of Banking and Finance, The University of Sydney - Discipline of Finance, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 1 (735,614)
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18.

Outshine to Outbid: Weather-Induced Sentiment and the Housing Market

Number of pages: 73 Posted: 18 Oct 2019
Maggie Hu and Adrian D. Lee
The Chinese University of Hong Kong and Deakin University - Department of Finance (Property and Real Estate)
Downloads 60 (385,047)

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auction, sentiment, weather, housing price, behavioral bias

Estimating the Excess Returns to Housing at a Disaggregated Level: An Application to Sydney 2003-11

Number of pages: 26 Posted: 21 Feb 2012
Daniel Melser and Adrian D. Lee
UNSW Australia Business School, School of Economics and Deakin University - Department of Finance (Property and Real Estate)
Downloads 49 (429,889)

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hedonic regression, housing, excess returns, risk

Estimating the Excess Returns to Housing at a Disaggregated Level: An Application to Sydney 2003-11

Real Estate Economics, Forthcoming
Posted: 07 Feb 2013
Daniel Melser and Adrian D. Lee
UNSW Australia Business School, School of Economics and Deakin University - Department of Finance (Property and Real Estate)

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Hedonic regression, housing, excess returns, risk

20.

Street Name Fluency and Housing Prices

Number of pages: 71 Posted: 14 Oct 2019 Last Revised: 12 May 2020
Sumit Agarwal, Maggie Hu and Adrian D. Lee
National University of Singapore, The Chinese University of Hong Kong and Deakin University - Department of Finance (Property and Real Estate)
Downloads 43 (445,568)

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name fluency, hedonic pricing, real estate, behavioral economics

Does a Nearby Murder Affect Housing Prices and Rents? The Case of Sydney

Economic Record, Forthcoming
Number of pages: 42 Posted: 27 Mar 2014
Anastasia Klimova and Adrian D. Lee
University of Technology, Sydney - Economics Discipline Group and Deakin University - Department of Finance (Property and Real Estate)
Downloads 38 (476,710)

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Crime, murder, homicide, house prices, rent, hedonic model

Does a Nearby Murder Affect Housing Prices and Rents? The Case of Sydney

Economic Record, Vol. 90, pp. 16-40, 2014
Number of pages: 25 Posted: 03 Jun 2014
Anastasia Klimova and Adrian D. Lee
University of Technology, Sydney - Economics Discipline Group and Deakin University - Department of Finance (Property and Real Estate)
Downloads 0
Citation 1
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22.

Bitcoin: Speculative Asset or Innovative Technology?

Journal of International Financial Markets, Institutions & Money, 2020
Number of pages: 30 Posted: 15 May 2020
Adrian D. Lee, Mengling Li and Huanhuan Zheng
Deakin University - Department of Finance (Property and Real Estate), Nanyang Technological University (NTU) and National University of Singapore
Downloads 18 (575,535)

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Fintech; cryptocurrency; Tech-savvy investor; Heterogeneity; Speculation

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 4 (701,246)

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

Can Firm‐Specific Dividend Drop‐Off Ratios Be Used to Infer Shareholder Marginal Tax Rates?

Accounting & Finance, Vol. 60, Issue 1, pp. 507-534, 2020
Number of pages: 28 Posted: 19 Mar 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 1 (735,614)
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Firm‐specific ex‐dividend day pricing, Taxes, Transaction costs

24.

Testing the Effect of Portfolio Holdings Disclosure in an Environment Absent of Mandatory Disclosure

Accounting & Finance, Vol. 57, Issue 1, pp. 113-129, 2017
Number of pages: 17 Posted: 19 Mar 2020
Zhe Chen, David R. Gallagher and Adrian D. Lee
Centre for International Finance and Regulation (CIFR), Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 1 (701,458)
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Managed funds, Portfolio holdings disclosure, Copycat funds

25.

Estimating the Excess Returns to Housing at a Disaggregated Level: An Application to Sydney 2003–201

Real Estate Economics, Vol. 42, Issue 3, pp. 756-790, 2014
Number of pages: 35 Posted: 28 Aug 2014
Daniel Melser and Adrian D. Lee
Moody's Economy.com and Deakin University - Department of Finance (Property and Real Estate)
Downloads 0 (719,811)
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Other Papers (2)

Total Downloads: 297
1.

Who Wins and Who Loses Among Individual Investors?

Number of pages: 46 Posted: 22 Mar 2009 Last Revised: 08 Nov 2012
University of New South Wales - School of Banking and Finance, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 224

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Individual investors, individual investor trade performance, market efficiency

2.

Do Institutions Really Exploit Individuals? The Intraday Losses and Offsetting Returns of Discount and Premium Retail Investors

21st Australasian Finance and Banking Conference 2008 Paper
Number of pages: 40 Posted: 24 Aug 2008 Last Revised: 14 Nov 2008
University of New South Wales - School of Banking and Finance, Rozetta Institute and Deakin University - Department of Finance (Property and Real Estate)
Downloads 73

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