Michael R. King

Gustavson School Of Business

Lansdowne Chair in Finance

University of Victoria

Business & Economics Building, Room 246

Victoria, British Columbia V8W 2Y2

Canada

http://https://www.uvic.ca/gustavson/faculty/faculty/faculty/current/kingm.php

  • Gustavson School Of Business

    • Email
    • Tel: 250-721-6425
SCHOLARLY PAPERS

31

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19,138

TOTAL CITATIONS
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SSRN RANKINGS

Top 5,528

in Total Papers Citations

232

Ideas:
“  My latest projects are textbook titled Fintech Explained: How Technology is Transforming Financial Services, published with University of Toronto Press. I am also working on several papers on climate finance.  ”

  • Gustavson School Of Business

    • Email
    • Tel: 250-721-6425

Scholarly Papers (31)

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1.

Foreign Exchange Market Structure, Players and Evolution

Norges Bank Working Paper No. 2011/10
Number of pages: 47 Posted: 30 Sep 2011
Michael R. King, Carol L. Osler and Dagfinn Rime
Gustavson School Of Business, Brandeis University - International Business School and BI Norwegian Business School
Downloads 2,093 (16,035)
Citation 16

Abstract:

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Exchange rates, algorithmic trading, market microstructure, electronic trading, high frequency trading

2.

Developments in Repo Markets During the Financial Turmoil

BIS Quarterly, December 2008
Number of pages: 17 Posted: 21 Jul 2012
Peter Hördahl and Michael R. King
Bank for International Settlements (BIS) and Gustavson School Of Business
Downloads 1,699 (22,226)
Citation 4

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Repo markets, financial crisis, OIS, collateral

3.

The Cost of Equity for Global Banks: A CAPM Perspective from 1990 to 2009

BIS Quarterly Review, September 2009
Number of pages: 15 Posted: 03 Aug 2012 Last Revised: 29 Sep 2013
Michael R. King
Gustavson School Of Business
Downloads 1,427 (28,951)
Citation 2

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Cost of equity, banks, capital asset pricing model, financial crisis

4.

Hedge Funds and Financial Stability: Regulating Prime Brokers Will Mitigate Systemic Risks

Journal of Financial Stability, Vol. 5, 2009
Number of pages: 15 Posted: 09 Nov 2008 Last Revised: 18 Jun 2009
Michael R. King and Philipp Maier
Gustavson School Of Business and Bank of Canada - International Department
Downloads 1,390 (30,085)
Citation 9

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Hedge funds, Regulation, Systemic crisis, Counterparty risk, LCFIs

5.

Corporate Governance, International Cross Listing and Home Bias

Downloads 1,088 (43,016)
Citation 7

Corporate Governance, International Cross Listing and Home Bias

Number of pages: 45 Posted: 30 Sep 2003
Michael R. King and Dan Segal
Gustavson School Of Business and Reichman University
Downloads 747 (70,839)

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equity, corporate governance, international cross listing, home bias, share turnover, valuation

Corporate Governance, International Cross Listing and Home Bias

Canadian Investment Review, Vol. 16, No. 4, pp. 8-19, 2003
Number of pages: 6 Posted: 21 Apr 2006
Michael R. King and Dan Segal
Gustavson School Of Business and Reichman University
Downloads 341 (183,926)
Citation 7

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equity, corporate governance, international cross listing, home bias, share turnover, valuation

6.

Mapping Capital and Liquidity Requirements to Bank Lending Spreads

BIS Working Paper No. 324
Number of pages: 35 Posted: 29 Nov 2010
Michael R. King
Gustavson School Of Business
Downloads 1,069 (44,116)
Citation 47

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Banks, Regulation, Basel III, Capital, Liquidity, Lending Spreads

7.

International Cross-Listing and the Bonding Hypothesis

Bank of Canada Working Paper No. 2004-17
Number of pages: 49 Posted: 13 Jun 2004
Michael R. King and Dan Segal
Gustavson School Of Business and Reichman University
Downloads 888 (57,026)
Citation 9

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Cross-listing, investor protection, bonding hypothesis, equity, asset pricing, Canada

8.

Family Values: Ownership Structure and Performance of Canadian Firms

Journal of Banking and Finance, Vol. 32, No. 11, 2008
Number of pages: 10 Posted: 06 Mar 2007 Last Revised: 18 Jun 2009
Michael R. King and Eric B. Santor
Gustavson School Of Business and Bank of Canada - International Relations Department
Downloads 820 (63,573)
Citation 10

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ownership structure, dual-class shares, pyramids, firm performance, capital structure, Canada

9.

The Competitive Threat from TechFins and BigTech in Financial Services

Michael R. King and Richard Nesbitt, eds. The Technological Revolution in Financial Services. Toronto: University of Toronto Press, Forthcoming
Number of pages: 15 Posted: 30 Oct 2019
Michael R. King
Gustavson School Of Business
Downloads 749 (71,734)

Abstract:

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FinTech; TechFin; BigTech; Financial Services; Ant Financial; Amazon

10.

The Basel III Net Stable Funding Ratio and Bank Net Interest Margins

Journal of Banking and Finance, Vol. 37, No. 11, 2013
Number of pages: 42 Posted: 30 May 2014
Michael R. King
Gustavson School Of Business
Downloads 749 (71,734)
Citation 3

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banks, funding risk, liquidity, regulation, Basel III, net interest margins

11.

The $4 Trillion Question: What Explains FX Growth Since the 2007 Survey?

BIS Quarterly Review, December 2010
Number of pages: 16 Posted: 22 Aug 2012
Michael R. King and Dagfinn Rime
Gustavson School Of Business and BI Norwegian Business School
Downloads 678 (81,433)

Abstract:

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12.

Fintech Explained – How Technology Is Transforming Financial Services

Number of pages: 41 Posted: 30 Nov 2023
Michael R. King
Gustavson School Of Business
Downloads 604 (94,454)

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Financial technology, banking, financial services, entrepreneurship, valuation, cryptoassets, blockchain, DeFi, online lending, crowdfunding, robo-advisors, payments, insurtech, techfins, bigtech.

13.

An Assessment of Financial Sector Rescue Programmes

Bank of Italy Occasional Paper No. 47
Number of pages: 80 Posted: 15 May 2010 Last Revised: 28 Oct 2010
Thomas Faeh, Giuseppe Grande, Corrinne Ho, Michael R. King, Aviram Levy, Fabio Panetta, Federico Maria Signoretti, Marco Taboga and Andrea Zaghini
Bank for International Settlements (BIS), Bank of Italy, Bank for International Settlements, Gustavson School Of Business, Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 545 (107,481)
Citation 9

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bank asset guarantees, capital injection, banks, financial sector, financial crisis, bank consolidation, bank mergers and acquisitions, event studies, government guaranteed bonds, credit crunch, exit strategy

14.

Time to Buy or Just Buying Time? The Market Reaction to Bank Rescue Packages

BIS Working Paper No. 288
Number of pages: 38 Posted: 02 Oct 2009
Michael R. King
Gustavson School Of Business
Downloads 524 (112,840)
Citation 32

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banking, rescue packages, stock prices, CDS spreads, financial crisis, event study

15.

The Market Microstructure Approach to Foreign Exchange: Looking Back and Looking Forward

Journal of International Money and Finance, Forthcoming, Norges Bank Working Paper 2013/12
Number of pages: 55 Posted: 24 May 2013
Michael R. King, Carol L. Osler and Dagfinn Rime
Gustavson School Of Business, Brandeis University - International Business School and BI Norwegian Business School
Downloads 476 (126,725)
Citation 11

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F31, G12, G15, C42, C82

16.

The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation

EFA 2007 Ljubljana Meetings Paper
Number of pages: 41 Posted: 17 Aug 2006
Michael R. King and Dan Segal
Gustavson School Of Business and Reichman University
Downloads 467 (129,634)
Citation 16

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equity valuation, international cross-listing, investor recognition, institutional investors, ownership structure

17.

Pre-Bid Run-Ups Ahead of Canadian Takeovers: How Big is the Problem?

Bank of Canada Working Paper No. 2005-3
Number of pages: 51 Posted: 22 Feb 2005
Michael R. King and Maksym Padalko
Gustavson School Of Business and Bank of Canada
Downloads 448 (136,341)
Citation 10

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illegal insider trading, takeovers, event study, abnormal volume, strategic trading model, competitive trading model

18.

Income Trusts - Understanding the Issues

Bank of Canada Working Paper No. 2003-25
Number of pages: 39 Posted: 14 Oct 2003
Michael R. King
Gustavson School Of Business
Downloads 448 (136,341)
Citation 12

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income trusts, valuation, equity, structure, risks, Canada

19.

The Efficiency of Canadian Capital Markets: Some Bank of Canada Research

Bank of Canada Review, Summer 2004
Number of pages: 14 Posted: 22 Feb 2005
Scott Hendry and Michael R. King
Bank of Canada and Gustavson School Of Business
Downloads 436 (140,764)

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capital market efficiency; Canada; fixed income; equity; foreign exchange; derivatives

20.

What Drives Movements in Exchange Rates?

Bank of Canada Review, 2005
Number of pages: 14 Posted: 20 Apr 2006
Michael R. King and Jeannine Bailliu
Gustavson School Of Business and Bank of Canada
Downloads 411 (150,708)

Abstract:

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foreign exchange, macro models, microstructure, Canadian dollar

21.

Valuation of Canadian- vs. U.S.-Listed Equity: Is There a Discount?

Bank of Canada Working Paper No. 2003-6
Number of pages: 37 Posted: 05 Aug 2003
Michael R. King and Dan Segal
Gustavson School Of Business and Reichman University
Downloads 369 (170,130)
Citation 2

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Equity, valuation, country factors, segmentation, accounting

22.

Who Benefits from Bank Trading Activity: Shareholders or Employees?

Number of pages: 57 Posted: 13 May 2013 Last Revised: 10 Mar 2016
Michael R. King, Nadia Massoud and Keke Song
Gustavson School Of Business, Melbourne Business School, University of Melbourne and Melbourne Business School, the University of Melbourne
Downloads 342 (184,876)
Citation 9

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Bank holding companies, trading activity, risk-taking, stock performance, compensation, financial crisis

23.

The Technological Revolution in Financial Services: Introduction

Michael R. King and Richard Nesbitt, eds. The Technological Revolution in Financial Services. Toronto: University of Toronto Press, Forthcoming
Number of pages: 19 Posted: 02 Oct 2019
Michael R. King and Richard Nesbitt
Gustavson School Of Business and Rotman School of Management
Downloads 330 (192,114)

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Financial Services; Banking; FinTech; Competition; Strategy; Regulation

24.

A User's Guide to the Triennial Central Bank Survey of Foreign Exchange Market Activity

BIS Quarterly Review, December 2010
Number of pages: 13 Posted: 24 Aug 2012
Michael R. King and Carlos Mallo
Gustavson School Of Business and Bank for International Settlements Staff
Downloads 243 (263,665)
Citation 5

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25.

Bank Standalone Credit Ratings

Downloads 235 (272,364)
Citation 1

Bank Standalone Credit Ratings

BIS Working Paper No. 542
Number of pages: 74 Posted: 02 Feb 2016
Michael R. King, Steven Ongena and Nikola A. Tarashev
Gustavson School Of Business, University of Zurich - Department Finance and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 177 (354,190)
Citation 1

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banks, standalone credit ratings, ratings catering, stock market reaction

Bank Standalone Credit Ratings

International Journal of Central Banking, Forthcoming
Number of pages: 44 Posted: 26 Mar 2019 Last Revised: 10 Apr 2019
Michael R. King, Steven Ongena and Nikola A. Tarashev
Gustavson School Of Business, University of Zurich - Department Finance and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 58 (771,911)

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26.

Timing Exchange Rates Using Order Flow: The Case of the Loonie

Journal of Banking and Finance, Forthcoming
Number of pages: 36 Posted: 10 Mar 2010
Michael R. King, Lucio Sarno and Elvira Sojli
Gustavson School Of Business, University of Cambridge - Judge Business School and University of New South Wales (UNSW)
Downloads 212 (300,583)
Citation 2

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Order flow, Canadian dollar, Future commodity

27.

Rules Versus Discretion in Foreign Exchange Intervention: Evidence from Official Bank of Canada High-Frequency Data

SCCIE Working Paper No. 04-24
Number of pages: 34 Posted: 26 May 2005
Rasmus Fatum and Michael R. King
University of Alberta - Department of Marketing, Business Economics & Law and Gustavson School Of Business
Downloads 194 (326,470)
Citation 13

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Foreign exchange intervention, intraday data, event studies

28.

The Effectiveness of Official Foreign Exchange Intervention in a Small Open Economy: The Case of the Canadian Dollar

Bank of Canada Working Paper No. 2005-21
Number of pages: 52 Posted: 09 Aug 2005
Rasmus Fatum and Michael R. King
University of Alberta - Department of Marketing, Business Economics & Law and Gustavson School Of Business
Downloads 146 (417,954)
Citation 3

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Foreign exchange intervention, intraday data, event studies

29.

Time to Buy or Just Buying Time? Lessons from October 2008 for the Cross-Border Bailout of Banks

Journal of Financial Stability, Forthcoming
Number of pages: 50 Posted: 05 Apr 2019
Michael R. King
Gustavson School Of Business
Downloads 34 (947,123)

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banking crisis, bailout, credit default swaps, stock prices, contagion, competition

30.

Syndicate Structure and IPO Outcomes: The Impact of Underwriter Roles and Syndicate Concentration

Journal of Corporate Finance, Vol. 79, 2023
Number of pages: 56 Posted: 30 Nov 2023
Craig G. Dunbar and Michael R. King
Ivey Business School, Western University and Gustavson School Of Business
Downloads 24 (1,055,610)

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Initial public offerings, underwriters, syndicate structure, price adjustment, first-day returns, underwriting spread, equity analysts, seasoned equity offerings.

31.

The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation

The Review of Financial Studies, Vol. 22, Issue 6, pp. 2393-2421, 2009
Posted: 01 Jun 2009
Michael R. King and Dan Segal
Gustavson School Of Business and Reichman University

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G12, G15