Andrew C. Worthington

Griffith University

Professor of Finance

170 Kessels Road

Nathan, Queensland 4111

Australia

SCHOLARLY PAPERS

46

DOWNLOADS
Rank 9,034

SSRN RANKINGS

Top 9,034

in Total Papers Downloads

4,214

CITATIONS
Rank 12,106

SSRN RANKINGS

Top 12,106

in Total Papers Citations

33

Scholarly Papers (46)

1.

Attitudes, Perceptions and Motivations of Libyan Retail Consumers toward Islamic Methods of Finance

Number of pages: 17 Posted: 31 Mar 2009
Alsadek Gait and Andrew C. Worthington
affiliation not provided to SSRN and Griffith University
Downloads 617 (30,126)

Abstract:

Islamic methods of finance, Islamic banking, consumer attitudes and perceptions

2.

Libyan Business Firm Attitudes Towards Islamic Methods of Finance

Number of pages: 16 Posted: 30 Mar 2009
Alsadek Gait and Andrew C. Worthington
affiliation not provided to SSRN and Griffith University
Downloads 351 (56,821)

Abstract:

Islamic methods of finance, Islamic banking, business attitudes and perceptions

3.

The Month-of-the-Year Effect in the Australian Stock Market: An Analysis of the Market, Industry and Firm Size Impacts

Number of pages: 7 Posted: 29 Oct 2008
George J. Marrett and Andrew C. Worthington
University of Wollongong - School of Accounting, Economics & Finance and Griffith University
Downloads 259 (94,378)

Abstract:

calendar effects, market anomalies, market efficiency

4.

Modelling Spot Prices in Deregulated Wholesale Electricity Markets: A Selected Empirical Review

Number of pages: 29 Posted: 29 Oct 2008
Helen Higgs and Andrew C. Worthington
Queensland University of Technology - School of Economics and Finance and Griffith University
Downloads 210 (111,541)
Citation 1

Abstract:

wholesale electricity prices, high-frequency data, price volatility

5.

The Pricing and Performance of Initial Public Offerings in Australia, 1996-2007: A Comparison of Ordinary, Venture Capital and Private Equity-Backed Issues

Number of pages: 23 Posted: 29 Oct 2008
Nancy Vu, Andrew C. Worthington and Phillip Laird
University of Wollongong, Griffith University and Griffith University
Downloads 157 (113,039)

Abstract:

initial public offerings, venture capital, private equity, underpricing, abnormal returns

6.

Do Islamic Banks Have Higher Credit Risk?

Number of pages: 35 Posted: 12 Aug 2014
Nurul Kabir and Andrew C. Worthington
Griffith University and Griffith University
Downloads 148 (103,662)

Abstract:

Credit risk, distance to default, Z score, crisis

7.

The Usefulness of Economic Value-Added (EVA) and its Components in the Australian Context

Accounting, Accountability and Performance, 7(1), pp. 73-90 (2001)
Number of pages: 21 Posted: 04 Nov 2012
Andrew C. Worthington and Tracey West
Griffith University and Griffith University
Downloads 145 (133,456)

Abstract:

EVA, Economic Value Added, accounting-based performance measures, pooled time-series

8.

The Decline of Calendar Seasonality in the Australian Stock Exchange, 1958-2005

Number of pages: 13 Posted: 29 Oct 2008
Andrew C. Worthington
Griffith University
Downloads 143 (160,879)

Abstract:

calendar effects, market anomalies, market efficiency

9.

Economic Value-Added: A Review of the Theoretical and Empirical Literature

Asian Review of Accounting, Vol. 9, No. 1, pp. 67-86, 2001
Number of pages: 22 Posted: 03 Nov 2012
Andrew C. Worthington and Tracey West
Griffith University and Griffith University
Downloads 132 (124,359)
Citation 2

Abstract:

economic value added, EVA, accounting performance measures

10.

Comparative Credit Risk in Islamic and Conventional Banks

Pacific-Basin Finance Journal, Vol. 34, 2015
Posted: 06 Sep 2014 Last Revised: 04 Jan 2016
Nurul Kabir, Andrew C. Worthington and Rakesh Gupta
Griffith University, Griffith University and Griffith University - Griffith Business School

Abstract:

Credit risk; distance to default; Z-scores; nonperforming loans; Islamic banking

Downloads 113 (206,597)
Citation 2

Abstract:

Data envelopment analysis, stochastic frontier analysis, technical, allocative, productive, profit and cost efficiency, credit unions, building societies, savings and loans

Frontier Efficiency Measurement in Deposit-Taking Financial Mutuals: A Review of Techniques, Applications, and Future Research Directions

Annals of Public and Cooperative Economics, Vol. 81, Issue 1, pp. 39-75, March 2010
Number of pages: 37 Posted: 15 Feb 2010
Andrew C. Worthington
Griffith University
Downloads 1 (579,109)
Citation 2
  • Add to Cart

Abstract:

12.

A Review and Synthesis of the Economic Value-Added Literature

Discussion Papers in Economics, Finance and International Competitiveness, School of Economics and Finance, Queensland University of Technology, 2000
Number of pages: 21 Posted: 03 Nov 2012
Andrew C. Worthington and Tracey West
Griffith University and Griffith University
Downloads 105 (183,681)
Citation 2

Abstract:

EVA, economic value-added, accounting performance measures

13.

Firm-Specific Determinants and Outcomes of Initial Public Offerings in Thailand, 2001–2007

Number of pages: 27 Posted: 11 Jan 2010
Jirapun Anne Chorruk and Andrew C. Worthington
Griffith University - Department of Accounting, Finance and Economics and Griffith University
Downloads 105 (199,201)

Abstract:

initial public offerings, decision to go public, listing costs and benefits

14.
Downloads 105 (194,217)

Abstract:

household asset portfolios, diversification, mean-variance efficiency

15.

New Evidence on the Pricing and Performance of Initial Public Offerings in Thailand: 1997–2008

22nd Australasian Finance and Banking Conference 2009
Number of pages: 23 Posted: 27 Aug 2009
Jirapun Anne Chorruk and Andrew C. Worthington
Griffith University - Department of Accounting, Finance and Economics and Griffith University
Downloads 95 (212,486)
Citation 1

Abstract:

initial public offerings, underpricing, abnormal returns

16.

Smart Money in Malaysian Islamic and Conventional Equity Funds

Number of pages: 33 Posted: 20 Aug 2012
Ainulashikin Marzuki and Andrew C. Worthington
Griffith University and Griffith University
Downloads 85 (207,057)

Abstract:

Islamic equity funds, fund flow–performance, smart money effect, religion

17.

Economies of Scale and Scope in Australian Urban Water Utilities

Number of pages: 29 Posted: 18 May 2011
Andrew C. Worthington and Helen Higgs
Griffith University and Griffith University
Downloads 79 (242,215)
Citation 1

Abstract:

Economies of Scale, Economies of Scope, Cost Efficiency, Urban Water Utilities

18.

The Impact of Trading-Restricted, Business Days and Trading, Non-Business Days on Australian Small-Cap, Large-Cap and Market Returns

Number of pages: 18 Posted: 29 Oct 2008
Mitesh Mistry, Andrew C. Worthington, Dionigi Gerace and Chandra Gulati
affiliation not provided to SSRN, Griffith University, The University of Sydney and University of Wollongong
Downloads 76 (256,970)

Abstract:

security trading, settlement and clearing, market efficiency, holiday effect

19.

Economies of Scale and Scope in Australian Higher Education, 1998-2006

Number of pages: 30 Posted: 14 Dec 2008
Andrew C. Worthington and Helen Higgs
Griffith University and Griffith University
Downloads 73 (229,011)

Abstract:

Economies of scale, economies of scope, substitutes and complements in production, cost efficiency

20.

Australian Evidence Concerning the Information Content of Economic Value-Added

Australian Journal of Management, Vol. 29, No. 2, 2004
Number of pages: 26 Posted: 04 Nov 2012
Andrew C. Worthington and Tracey West
Griffith University and Griffith University
Downloads 69 (240,526)
Citation 2

Abstract:

value-relevance, relative and incremental information content, economic value-added, residual income

21.

The Usefulness of Economic Value-Added in the Australian Context

Number of pages: 19 Posted: 14 Aug 2012
Tracey West and Andrew C. Worthington
Griffith University and Griffith University
Downloads 50 (313,697)

Abstract:

property returns, listed property trust, property stocks, market risk, interest rate risk, industrial production and construction activity, generalised autoregressive conditional heteroskedasticity in mean (GARCH-M) models

22.

Efficiency, Technology, and Productivity Change in Australian Urban Water Utilities

Number of pages: 24 Posted: 18 May 2011
Andrew C. Worthington
Griffith University
Downloads 46 (316,385)

Abstract:

productivity, technical and scale efficiency, technological progress, urban water utilities, Malmquist indices

23.

Art as an Investment: Risk, Return and Portfolio Diversification in Major Painting Markets

Accounting and Finance, Vol. 44, No. 2, pp. 257-271, July 2004
Number of pages: 15 Posted: 06 Jul 2004
Andrew C. Worthington and Helen Higgs
Griffith University and Queensland University of Technology - School of Economics and Finance
Downloads 45 (345,947)
Citation 5
  • Add to Cart

Abstract:

Art and collectibles, Markowitz efficient frontier, portfolio diversification, risk and return

24.

An Empirical Note on Factor Price Elasticities and Substitution in Australian Higher Education

Number of pages: 12 Posted: 10 Dec 2008
Andrew C. Worthington and Helen Higgs
Griffith University and Griffith University
Downloads 44 (324,912)

Abstract:

own- and cross-price price elasticity, derived demand, factor substitutability

25.

Macroeconomic Risk Factors in Australian Commercial Real Estate, Listed Property Trust and Property Sector Stock Returns: A Comparative Analysis Using Garch-M

University of Wollongong Faculty of Commerce Papers, 2006
Number of pages: 21 Posted: 14 Aug 2012
Tracey West and Andrew C. Worthington
Griffith University and Griffith University
Downloads 34 (345,947)

Abstract:

property returns, listed property trust, property stocks, market risk, interest rate risk, industrial production and construction activity, generalised autoregressive conditional heteroskedasticity in mean (GARCH-M) models

26.

Reviews

Economic Record, Vol. 78, pp. 358-374, 2002
Number of pages: 17 Posted: 17 Feb 2003
Griffith University, University of Durham, National University of Singapore (NUS), Massey University - Department of Economics and Finance (Palmerston North & Wellington), College of Business, University of Toronto - Rotman School of Management, UNSW Australia Business School, School of Economics, University of East Anglia (UEA) - School of Economic and Social Studies, Wake Forest University - Department of Economics, Australian National University and Ludwig Maximilian University of Munich - Faculty of Economics
Downloads 30 (400,104)
  • Add to Cart

Abstract:

27.

Urban Water Demand with Fixed Volumetric Charging in a Large Municipality: The Case of Brisbane, Australia

Australian Journal of Agricultural and Resource Economics, Vol. 50, No. 3, pp. 347-359, September 2006
Number of pages: 13 Posted: 07 Sep 2006
Mark Hoffman, Andrew C. Worthington and Helen Higgs
Queensland University of Technology - School of Economics and Finance, Griffith University and Queensland University of Technology - School of Economics and Finance
Downloads 26 (418,272)
Citation 2
  • Add to Cart

Abstract:

28.

Financial Risk Attitudes in Australian Households: A Comparative Analysis of the Impact of Demographic and Socioeconomic Factors and Macroeconomic Conditions

25th Australasian Finance and Banking Conference 2012
Number of pages: 27 Posted: 21 Aug 2012
Tracey West and Andrew C. Worthington
Griffith University and Griffith University
Downloads 14 (369,304)

Abstract:

Risk attitudes, Risk aversion, Household, Income and Labour Dynamics in Australia (HILDA) survey, Ordered logit

29.

Financial Returns and Price Determinants in the Australian Art Market, 1973-2003

Economic Record, Vol. 81, pp. 113-123, June 2005
Number of pages: 11 Posted: 19 May 2005
Helen Higgs and Andrew C. Worthington
Queensland University of Technology - School of Economics and Finance and Griffith University
Downloads 14 (480,165)
Citation 10
  • Add to Cart

Abstract:

30.

Emergency Funds in Australian Households: An Empirical Analysis of Capacity and Sources

Journal of Financial Counseling and Planning, Vol. 15, No. 1, 2004
Posted: 04 May 2013
Andrew C. Worthington
Griffith University
Downloads 11 (469,711)
Citation 1

Abstract:

Emergency funds, Financial planning, Financial wellness, Household Expenditure Survey

31.

Macroeconomic Conditions and Australian Financial Risk Attitudes, 2001-2010

Journal of Family and Economic Issues, 2013
Number of pages: 15 Posted: 22 Jun 2013
Tracey West and Andrew C. Worthington
Griffith University and Griffith University
Downloads 10 (391,899)

Abstract:

Risk attitudes, Risk aversion, Household, Income and Labor Dynamics in Australia (HILDA) survey, Ordered logit

32.

Personal Bank Account Access and Awareness: An Analysis of the Technological and Informational Constraints of Australian Consumers

International Journal of Consumer Studies, Vol. 31, No. 5, pp. 443-452, September 2007
Number of pages: 10 Posted: 11 Dec 2007
Andrew C. Worthington
Griffith University
Downloads 6 (519,772)
Citation 1
  • Add to Cart

Abstract:

33.

Political Cycles in the Australian Stock Market Since Federation

Australian Economic Review, Vol. 42, No. 4, pp. 397-409, December 2009
Number of pages: 13 Posted: 08 Dec 2009
Andrew C. Worthington
Griffith University
Downloads 3 (533,698)
  • Add to Cart

Abstract:

34.

An Empirical Survey of Residential Water Demand Modelling

Journal of Economic Surveys, Vol. 22, No. 5, pp. 842-871, December 2008
Number of pages: 30 Posted: 03 Nov 2008
Andrew C. Worthington and Mark Hoffman
Griffith University and Queensland University of Technology - School of Economics and Finance
Downloads 1 (550,592)
Citation 3
  • Add to Cart

Abstract:

35.

Responses of Economic Activity to Global Oil Market Shocks: A Comparative Analysis of Major Net Oil‐Producing and ‐Consuming Countries

Economic Record, Vol. 93, pp. 70-85, 2017
Number of pages: 16 Posted: 15 Jun 2017
M‐Ali Sotoudeh and Andrew C. Worthington
Griffith University - Department of Accounting, Finance and Economics and Griffith University
Downloads 0 (564,885)
  • Add to Cart

Abstract:

36.

Life Events and Portfolio Rebalancing of the Family Home

Number of pages: 7 Posted: 09 Feb 2017
Tracey West and Andrew C. Worthington
Griffith University and Griffith University
Downloads 0 (515,254)

Abstract:

37.

The Impact of Major Life Events on Australian Household Financial Decision-Making and Portfolio Rebalancing

Number of pages: 26 Posted: 20 Aug 2016
Tracey West and Andrew C. Worthington
Griffith University and Griffith University
Downloads 0 (443,690)

Abstract:

Household finance, Asset portfolios, Portfolio rebalancing, Life events

38.

Asset Diversification and Efficiency: Evidence from the Chinese Banking Sector

29th Australasian Finance and Banking Conference 2016
Number of pages: 27 Posted: 18 Aug 2016
Kai Du, Andrew C. Worthington and Valentin Zelenyuk
University of Adelaide, Griffith University and University of Queensland
Downloads 0 (251,226)

Abstract:

Asset diversification; Data envelopment analysis; Truncated regression; Bootstrapping; Chinese banks

39.

A Canonical Correlation Analysis of Financial Risk-Taking by Australian Households

Consumer Interests Annual, 2013
Posted: 28 Jun 2013
Tracey West and Andrew C. Worthington
Griffith University and Griffith University

Abstract:

financial risk-taking, HILDA Survey

40.

Return Relationships Among European Equity Sectors: A Comparative Analysis Across Selected Sectors in Small and Large Economies

Journal of Applied Economics, Vol. 8, No. 2, pp. 371-388, November 2005
Posted: 28 Feb 2006
Siv Taing and Andrew C. Worthington
Queensland University of Technology and Griffith University

Abstract:

Risk and return, volatility, autoregressive conditional heteroskedasticity

41.

Measuring the Impact of Natural Disasters on Capital Markets: An Empirical Application Using Intervention Analysis

Applied Economics, Vol. 36, No. 19, pp. 2177-86
Posted: 17 Apr 2005
Andrew C. Worthington and Abbas Valadkhani
Griffith University and University of Wollongong - School of Economics and Information Systems

Abstract:

Australia, Natural events, disasters and catastrophes, market returns, intervention analysis, ARIMA

42.

A Note on the Rising Cost of Education in Australia

Australian Economic Papers, Vol. 24, No. 1, 2005
Posted: 21 Feb 2005
Abbas Valadkhani, Andrew C. Worthington and Allan P. Layton
University of Wollongong - School of Economics and Information Systems, Griffith University and Queensland University of Technology - School of Economics and Finance

Abstract:

Cost of Education, Australia, Inflation

43.

Gambling as a Base for Hypothecated Taxation: The UK's National Lottery and Electronic Gaming Machines in Australia

Public Money & Management, Vol. 24, No. 3, pp. 167-174, June 2004
Posted: 06 Jul 2004
David Pickernell, Kerry Brown, Andrew C. Worthington and Mary Crawford
University of Glamorgan, Queensland University of Technology - School of Management, Griffith University and Queensland University of Technology

Abstract:

44.

Cost Efficiency in Australian Local Government: A Comparative Analysis of Mathematical Programming anf Econometrical Approaches

Financial Accountability and Management, Vol. 16, No. 3, August 2000
Posted: 24 Mar 2001
Andrew C. Worthington
Griffith University

Abstract:

45.

Determinants of Recidivism in Paroled Queensland Prisoners: A Comparative Analysis of Custodial and Socioeconomic Characteristics

Australian Economic Papers, Vol. 39, No. 3, 2000
Posted: 09 Nov 2000
Andrew C. Worthington, Helen Higgs and Glyn Edwards
Griffith University, Queensland University of Technology - School of Economics and Finance and Queensland University of Technology - School of Economics and Finance

Abstract:

46.

Cost Efficiency in Australian Non-bank Financial Institutions: A Non-parametric Approach

Accounting and Finance, Vol. 40, Issue 1
Posted: 31 Jul 2000
Andrew C. Worthington
Griffith University

Abstract: