Find us on Facebook Find us on LinkedIn Follow us on Twitter Subscribe to our YouTube channel Instagram

Danika Wright

Danika Wright

BCom (Liberal Studies) (Hons); PhD Sydney
Lecturer

Rm 505
H69 - Codrington Building
The University of Sydney
NSW 2006 Australia

Telephone +61 2 9351 6455
Fax +61 2 9351 6461
danika.wright@sydney.edu.au
@danikanomics
LinkedIn LinkedIn profile
Web

Bio

Dr Danika Wright is a Lecturer in the Discipline of Finance at the University of Sydney Business School.

Dr Wright’s current research interest is in corporate finance. In particular, her research projects examine the links between M&A and capital structure. She has also worked on projects relating to corporate governance, investor behaviour and housing economics.

Prior to joining the University of Sydney Business School, Dr Wright worked in the research team of finance-based start ups and funds management firms.

Dr Wright’s primary teaching areas are in Mergers and Acquisitions, and Investments and Portfolio Management. In these units, students are encouraged to engage and apply textbook materials to real world applications.

Dr Wright is an active supporter of business student organizations and opportunities for students to engage with future employers. She has mentored student teams to success in the UBS Investment Banking Challenge, Management Consulting Case Competition, and the Cornell International Real Estate Case Competition. She also regularly volunteers as an assessor for the Business School Industry Placement Program.

Dr Wright previously held the position of Business School Honours Program Director and has served on numerous faculty strategic committees and boards. Dr Wright is an alumna of the University of Sydney, graduating with First Class Honours in 2007 and earning her PhD in 2010.

Research Interests

Dr Wright’s research interest is in corporate finance. In particular, her research projects examine the links between M&A and capital structure.

Her current projects study the method of payment in M&A. This can tell us about the way economic incentives affect corporate decision making.

In M&A the primary methods of payment used are cash, stock, or a combination of the two. Increasingly, acquiring firms include a contingent payment as part of the total deal consideration. These payments are often referred to as “earnouts”. If a deal has an earnout arrangement it means that part of the deal payment is made at a later date and is determined by some future outcome, helping acquirers offset some of the valuation risk inherent to the acquisition. The types of questions asked in Dr Wright’s research are:

  • How should acquirers optimally structure these contingent payments?
  • What types of targets would accept a contingent payment?
  • Do financial reporting requirements affect the use of such devices?

An extension to this project considers the way acquirers finance acquisitions. This is closely linked to the method of payment choice, and can have a significant impact on the investment of shareholders and bondholders in the company making the acquisition.

Dr Wright is actively involved in cross-disciplinary collaborations and also works on projects relating to corporate governance, investor behaviour and housing economics.

Her earlier research studied the design, investment and economics of housing markets. Partnering with industry leaders, she co-developed the intellectual property that established the ASX Residential Real Estate Derivatives market and the benchmark CoreLogic RP Data-Rismark House Price Index series. She has presented her research work in this area to the RBA, and is a former member of the Sirca-CoreLogic joint research committee set up to promote academic research into the Australian housing market.

2017

4
Journal Article/s

Murray B, Svec J and Wright D 2017 Forthcoming 'Wealth transfer, signaling and leverage in M&A', International Review of Financial Analysis [Link]

Frino A, Lepone G and Wright D 2017 Forthcoming 'Are paper winners gamblers? Evidence from Australian retail investors', Accounting and Finance [Link]

5
Conference Paper/s

Balogh A and Wright D 2017 'Twice as good: the real impact of women in the boardroom', Accounting and Finance Association of Australia and New Zealand (AFAANZ) Conference, Adelaide, Australia, 4th July 2017

Balogh A and Wright D 2017 'Twice as good: measuring the impact of women in the boardroom', 5th International Conference of the Journal of International Accounting Research (JIAR), Adelaide, Australia, 2nd July 2017

11
Seminar Paper/s

Balogh A and Wright D 2017 'Twice as good: measuring the impact of women in the boardroom, UTS Accounting Discipline Research Seminar, Sydney, Australia, 13 March 2017

Balogh A and Wright D 2017 'Twice as good: measuring the impact of women in the boardroom, University of Tasmania Economics and Finance Seminar, Hobart, Australia, 3 March 2017

2016

5
Conference Paper/s

Lepone G, Westerholm J and Wright D 2016 'Investor Characteristics and Macro-Economic Conditions' Impact on Disposition Effect and Stock Market Gambling', 6th Behavioral Finance and Capital Markets Conference, Adelaide, Australia, 30th September 2016

Wright D 2016 'Superstitious Behavior in Financial Decision Making', 6th Behavioral Finance and Capital Markets Conference, Adelaide, Australia, 30th September 2016

Wright D 2016 'Superstitious Behavior in Financial Decision Making', Annual Meeting of the Academy of Behavioral Finance and Economics, Las Vegas, United States, 23rd September 2016

Wright D 2016 'Superstitious Behavior in Financial Decision Making', 2nd Research in Behavioral Finance Conference, Amsterdam, Netherlands, 16th September 2016

Murray B, Svec J and Wright D 2016 'Identifying Wealth Transfer in M&A Using Credit Default Swaps', World Finance Conference, New York, United States, 31st July 2016

Murray B, Svec J and Wright D 2016 'Identifying Wealth Transfer in M&A Using Credit Default Swaps', CFA Program Partner Conference, Vancouver, Canada, 29th July 2016

6
Conference Proceeding/s

Wright D 2016 'Are Lucky Prices Optimal?', Auckland Finance Meeting, Auckland, New Zealand, 18th December 2016

10
Report/s

Alcock J, Andrlikova P, Aspris A, Foley S, Satchell S, Segara R, Wright D and Yao J 2016 'Asset-Price Bubbles in the Australian Market', Centre for International Finance and Regulation

11
Seminar Paper/s

Wright D 2016 'Are Lucky Endings the Optimal Price Setting?, Simon Fraser University, Vancouver, Canada, 6 October 2016

Wright D 2016 'Are Lucky Endings the Optimal Price Setting?, Universita G. D'Annunzio, Chieti, Italy, 13 September 2016

2015

4
Journal Article/s

Frino A, Lepone G and Wright D 2015 'Investor Characteristics and the Disposition Effect', Pacific-Basin Finance Journal, vol.31, pp. 1-12 [Link]

2014

2
Book Section/s

Wright D, Aspris A and Svec J 2014 'Evaluating the Performance of M&A' in Mergers and Acquisitions, Pearson Education, Australia [Link]

5
Conference Paper/s

Wright D 2014 'Superstition and prices in residential real estate transactions', 2014 Auckland Finance Meeting, Auckland, New Zealand, 20th December 2014

Wright D 2014 'Superstition and prices in residential real estate transactions', IFMA International Conference on Finance, Bali, Indonesia, 17th December 2014

Wright D and Lepone G 2014 'Investor behaviour and lottery stocks', World Finance Conference, Venice, Italy, 4th July 2014

10
Report/s

Lepone A and Wright D 2014 'Capital Market Structures and Comparisons', Expert’s report for the Financial Services Council of Australia

11
Seminar Paper/s

Wright D 2014 'Indices, Investments and Ideology: 50 Years of Residential Real Estate Research, AFAANZ Behavioural Finance SIG, Auckland, New Zealand, 6 July 2014

Wright D 2014 'The Auction Pricing Effect Revisited, Unversita G. D’Annunzio, Pescara, Italy, 30 June 2014

2013

5
Conference Paper/s

Gong G and Wright D 2013 'Investor characteristics and the disposition effect: Cultural effects', World Finance & Banking Symposium, Beijing, China, 17th December 2013

Gong G and Wright D 2013 'Investor behaviour and lottery stocks', 3rd Annual Behavioural Finance and Capital Markets Conference 2013, Adelaide, Australia, 2nd August 2013

10
Report/s

Lepone A, Mollica V and Wright D 2013 'Technology Impact on Capital Markets', Expert’s report for the Financial Services Council of Australia

11
Seminar Paper/s

Wright D 2013 'House Money Investing: Investor Behaviour and Lottery Stocks, Unversita G. D’Annunzio, Pescara, Italy, 27 November 2013

2012

4
Journal Article/s

Frino A, Peat M and Wright D 2012 'The impact of auctions on residential property prices', Accounting and Finance, vol.52:3, pp. 815-30 [Link]

Peat M and Wright D 2012 'The Impact of Residential Property Investment on Portfolio Performance', JASSA – The Finsia Journal of Applied Finance:2, pp. 35-42

10
Report/s

Wright D 2012 'The Impact of Residential Property Investment on Portfolio Dynamics', Expert’s report for Genero Investment Group

2009

5
Conference Paper/s

Frino A, Peat M and Wright D 2009 'Seasonality in Australian residential real estate prices', 22nd Australasian Finance and Banking Conference, Sydney, Australia, 18th December 2009

2008

5
Conference Paper/s

Frino A, Peat M and Wright D 2008 'First- sale bias and age effects: Do ‘new’ properties sell at a premium?', 21st Australasian Finance and Banking Conference, Sydney, Australia, 18th December 2008

2006

11
Seminar Paper/s

Wright D 2006 'Bias and precision in the performance of residential real estate prices, Reserve Bank of Australia Economic Research Series, Sydney, Australia, 7 December 2006

Recent Units Taught

  • FINC3013 Mergers and Acquisitions

    2015: S2,

  • FINC3017 Investments and Portfolio Management

    2017: S2, SS,
    2016: SS,

  • FINC5001 Capital Markets and Corporate Finance

    2017: S2,

  • FINC6017 Mergers and Acquisitions

    2017: S1,
    2016: S1,
    2015: S1,

  • FINC6024 Real Estate Finance and Investment

    2015: S2,

Newsroom articles

See all Newsroom items for Danika Wright

Videos

House prices are a hot topic for many Australians. Markets such as Sydney and Melbourne have seen a rise in house prices by roughly 10-15% over the last 12 months. Dr Danika Wright explores some of the issues surrounding the current climate, as well as common misconceptions.

1:50 mins Play video Download video (YouTube - Mb) Watch on YouTube


Visit The University of Sydney Business School YouTube Channel