Austin Murphy

Oakland University - School of Business Administration

Professor of Finance

Varner Hall - Room 502

Rochester, MI 48309-4401

United States

  • Oakland University - School of Business Administration

    • Email
    • Tel: 248-370-2125
    • Fax: 248-370-4275
SCHOLARLY PAPERS

24

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40,950

SSRN CITATIONS
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SSRN RANKINGS

Top 29,547

in Total Papers Citations

15

CROSSREF CITATIONS

18

Scholarly Papers (24)

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1.

An Analysis of the Financial Crisis of 2008: Causes and Solutions

Number of pages: 28 Posted: 04 Nov 2008 Last Revised: 16 Dec 2008
Austin Murphy
Oakland University - School of Business Administration
Downloads 38,592 (82)
Citation 22

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financial crisis, credit default swap, bailout, foreclosure, short sales, systematic risk, default risk, credit spread

2.

A Financial Analysis of the Economic Effects of Having to Reverse Current Account Deficits

Downloads 445 (109,114)
Citation 1

A Financial Analysis of the Economic Effects of Having to Reverse Current Account Deficits

PRACTICAL FINANCIAL ECONOMICS, Praeger, 2003
Number of pages: 63 Posted: 25 Apr 2000 Last Revised: 10 Nov 2008
Austin Murphy
Oakland University - School of Business Administration
Downloads 285 (177,325)
Citation 1

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A Financial Analysis of the Economic Effects of Having to Reverse Current Account Deficits

PRACTICAL FINANCIAL ECONOMICS, Praeger, 2003
Number of pages: 48 Posted: 15 Mar 2000 Last Revised: 10 Nov 2008
Austin Murphy
Oakland University - School of Business Administration
Downloads 160 (305,191)
Citation 1

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3.

Economics - 2020: What Happens When Everything Shuts Down Except the 'Money Printing Presses'

Number of pages: 20 Posted: 28 Apr 2020
Austin Murphy
Oakland University - School of Business Administration
Downloads 276 (184,269)
Citation 2

Abstract:

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crisis, hyperinflation, depression, coronavirus

4.

Psychological Causes of Financial Market Cycles and Their Effects on Market Efficiency

Number of pages: 41 Posted: 24 May 2010
Austin Murphy
Oakland University - School of Business Administration
Downloads 223 (227,083)

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Financial Cycle, Psychology, Efficient Market, Technical Analysis, Arbitrage

5.

The Largest Pyramid Scheme of All Time: The Effect of Allowing Unregulated Credit Default Swaps

Number of pages: 25 Posted: 26 Apr 2010
Austin Murphy
Oakland University - School of Business Administration
Downloads 198 (253,453)
Citation 2

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credit default swap, financial crisis, debt insurance, credit spread

6.

A Precisely Practical Measure of the Total Cost of Debt for Determining the Optimal Capital Structure and the Weighted Average Cost of Capital

Number of pages: 20 Posted: 19 Jun 2018
Austin Murphy
Oakland University - School of Business Administration
Downloads 180 (275,847)

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7.

Resource Allocation in the Brain and the Capital Asset Pricing Model

Number of pages: 35 Posted: 15 Jun 2020 Last Revised: 06 Mar 2023
Hammad Siddiqi and Austin Murphy
University of the Sunshine Coast-School of Business and Creative Industries and Oakland University - School of Business Administration
Downloads 179 (277,166)
Citation 2

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Resource Allocation in the Brain, CAPM, Security Market Line (SML) Slope, Size Effect, Betting-Against-Beta, Value Effect, Momentum Effect

8.

Shorting Down Value: The Toxic Effect of Insufficient Internal Liquidity

Downloads 135 (350,079)
Citation 1

Shorting Down Value: The Toxic Effect of Insufficient Internal Liquidity

Number of pages: 57 Posted: 06 Jun 2006
Austin Murphy, Joseph H. Callaghan and Mohinder Parkash
Oakland University - School of Business Administration, Oakland University and Oakland University
Downloads 135 (350,984)
Citation 1

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Shorting, Liquidity, Distress Valuation

Shorting Down Value: The Toxic Effect of Insufficient Internal Liquidity

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2010
Posted: 05 Jul 2010
Mohinder Parkash, Joseph H. Callaghan and Austin Murphy
Oakland University, Oakland University and Oakland University - School of Business Administration

Abstract:

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Short sales, liquidity, new issue, equity, bankruptcy

9.

The UK Sam Experience: A Financial Service or a New Type of Loan Shark Product?

RODEO Discussion Paper No. 006
Number of pages: 24 Posted: 05 Sep 2006
Austin Murphy
Oakland University - School of Business Administration
Downloads 98 (441,436)

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10.

The Absolute Priority 'Rule' (APR) in Bankruptcy: Has It Now Been Enabled by the Courts to Allow Creditors to Liquidate Productively Viable U.S. Corporations?

Number of pages: 21 Posted: 22 Jul 2016
Austin Murphy
Oakland University - School of Business Administration
Downloads 95 (450,447)
Citation 1

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Bankruptcy, Absolute Priority Rule (APR), Law, 510(B), Shareholder Ownership Rights

11.

An Empirical Examination of the Relationship between Naked Shorting and Share Prices Around the Announcement of a Firm’s Need for External Capital

Number of pages: 44 Posted: 05 Apr 2010 Last Revised: 01 Sep 2010
Austin Murphy, Hong Qian and Yun Ellen Zhu
Oakland University - School of Business Administration, Oakland University - Department of Accounting and Finance and Oakland University
Downloads 76 (515,862)

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12.

The Effect of Confidence in Valuation Estimates on Arbitrager Behavior and Market Prices

Number of pages: 33 Posted: 20 Aug 2013
Austin Murphy
Oakland University - School of Business Administration
Downloads 73 (527,713)
Citation 1

Abstract:

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investor confidence, sentiment, arbitrage, psychology, behavioral finance

13.

The Resource-Constrained Brain: A New Perspective on the Equity Premium Puzzle

Number of pages: 41 Posted: 06 Jan 2021 Last Revised: 10 Aug 2021
Hammad Siddiqi and Austin Murphy
University of the Sunshine Coast-School of Business and Creative Industries and Oakland University - School of Business Administration
Downloads 72 (531,709)
Citation 3

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Equity Premium, Countercyclical Equity Premia, Resource Allocation in the Brain, Macro-Finance

14.

Unraveling the Complex Interrelationships between Exchange Rates and Fundamentals

Journal of Banking and Finance, Vol. 32, 2008
Number of pages: 60 Posted: 17 Jul 2006 Last Revised: 24 Jan 2012
Austin Murphy and Yun Ellen Zhu
Oakland University - School of Business Administration and Oakland University
Downloads 70 (539,960)

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15.

The Returns on Government and Corporate Securities with Prices Propped up by Central Bank Purchases using Unlimited Quantities of Currencies with Less Intrinsic Value than Toilet Paper

Journal of Investing (August 2020), Forthcoming
Number of pages: 20 Posted: 05 May 2020 Last Revised: 08 May 2020
Austin Murphy
Oakland University - School of Business Administration
Downloads 48 (646,926)

Abstract:

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hyperinflation, investments, coronavirus pandemic, financial crisis

16.

The Resource-Constrained Bayesian Brain and Option Pricing

Number of pages: 36 Posted: 01 Aug 2022
Hammad Siddiqi and Austin Murphy
University of the Sunshine Coast-School of Business and Creative Industries and Oakland University - School of Business Administration
Downloads 45 (664,310)

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Option Pricing, Implied Volatility Skew, Zero-Beta-Straddle, Covered-Call Writing, Leverage-Adjusted Returns, Black-Scholes Model, Heston SV Model, Bates SVJ Model

17.

Option Pricing when Investors are (Only) Sufficiently Rational

Number of pages: 40 Posted: 29 Jan 2021 Last Revised: 29 Jul 2021
Hammad Siddiqi and Austin Murphy
University of the Sunshine Coast-School of Business and Creative Industries and Oakland University - School of Business Administration
Downloads 45 (664,310)

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Option pricing, Black-Scholes Formula, Implied Volatility Skew, Zero-Beta-Straddle, Covered-Call, Brain-Centric Approach Leverage-Adjusted Returns, Heston SV Model, Bates SVJ Model

18.

The Impact of Endogenously Determined Uncertainty About Future Mispricings and Investigatory Outcomes

Number of pages: 32 Posted: 20 Aug 2013
Liang Fu and Austin Murphy
Oakland University and Oakland University - School of Business Administration
Downloads 39 (708,617)
Citation 1

Abstract:

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arbitrage, market efficiency, uncertainty, investment analysis, cycles

19.

Insightful Details on How Everything Developed from Nothing

Number of pages: 23 Posted: 27 Jul 2013
Austin Murphy
Oakland University - School of Business Administration
Downloads 38 (708,617)

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ontology, metaphysics, nothing, evolution, creation

20.

A Model of Optimizing Political Expenditures to Buy Government Power

Number of pages: 92 Posted: 19 Jun 2018
Austin Murphy
Oakland University - School of Business Administration
Downloads 23 (823,040)
Citation 2

Abstract:

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lobbying, political capital, elections, money, government

21.

The Empirical Relationship between Stock Prices and Long-Term Earnings

Journal of Investing, Vol. 18, No. 3, 2009, https://doi.org/10.3905/JOI.2009.18.3.049
Posted: 22 May 2019
Hong Qian, Joseph H. Callaghan, Mohinder Parkash and Austin Murphy
Oakland University - Department of Accounting and Finance, Oakland University, Oakland University and Oakland University - School of Business Administration

Abstract:

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22.

Insured Bond Pricing in the Biggest Municipal Bankruptcy in History: The Case of Detroit

Posted: 20 Jul 2016
Austin Murphy
Oakland University - School of Business Administration

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23.

Systematic Risk and Yield Premiums in the Bond Market

Journal of Credit Risk, 2015
Posted: 12 Aug 2013 Last Revised: 10 Jun 2016
Liang Fu, Austin Murphy and Terry Benzschawel
Oakland University, Oakland University - School of Business Administration and Bond Portfolio Analysis & Quantitative Strategy, Citi Fixed Income Currency

Abstract:

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bonds, systematic risk, yield premiums, market price of risk

24.

Buying Put Options to Insure Against Bankruptcy

The Journal of Financial Engineering, Vol. 6, No. 4, December 1997
Posted: 19 May 1998
Austin Murphy
Oakland University - School of Business Administration

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