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Maurice Peat

Maurice Peat

BEc MEc PhD UTS
Associate Professor

Rm 407
H69 - Economics and Business Building
The University of Sydney
NSW 2006 Australia

Telephone +61 2 9351 6466
Fax +61 2 9351 6461
maurice.peat@sydney.edu.au

Bio

Dr Maurice Peat has a PhD in Finance from UTS, in the area of theoretical and empirical financial distress modelling. Maurice broad experience in business related disciplines having worked in Economics and Information Systems before joining the department.

Maurice's current research interests cover such topics as credit risk and corporate distress analysis, a managerial decision context for financial analysis, the economics of restructuring transactions and the impacts of Information technology on financial innovation.

Publications

2014

2
Book Section/s

Yao L, Rabhi F and Peat M 2014 'Supporting Data-Intensive Analysis Processes: A Review of Enabling Technologies and Trends' in Handbook of Research on Architectural Trends in Service-Driven Computing (Vol. 2), IGI Global, Hershey, United States

4
Journal Article/s

Peat M, Svec J and Wang J 2014 'Reporting Bias in Incomplete Information Model', Economic Letters, vol.123:1, pp. 45-49 Link

Wang J, Svec J and Peat M 2014 'The Information Content of Ratings: An Analysis of Australian Credit Default Swap Spreads', Abacus, vol.50:1, pp. 56-75 Link

Jones S and Peat M 2014 Forthcoming 'Predicting Corporate Bankruptcy Risk in Australia: A Latent Class Analysis', Journal of Applied Management Accounting Research, vol.11:2 Link

5
Conference Paper/s

Svec J, Peat M and Wang J 2014 'Predicting Sovereign Credit Default Swaps with Domestic Equity Market Volatility', 34th International Symposium on Forecasting ISF 2014, Rotterdam, Netherlands, 2nd July 2014

Peat M 2014 'Stress-Testing Bank Residential Mortgage Portfolios by Decomposing the Mean', 12th INFINITI Conference on International Finance, Prato, Italy, 11th June 2014

2013

2
Book Section/s

Yao L, Rabhi FA and Peat M 2013 'A Case Study in Using ADAGE for Compute-Intensive Financial Analysis Processes' in Enterprise Applications and Services in the Finance Industry: 6th International Workshop, FinanceCom 2012 Barcelona, Spain, June 10 2012- Revised Papers, ed. Fethie A. Rabhi and Peter Gomber, Springer-Verlag, Berlin, Germany, pp. 91-111

Robertson CS, Rabhi FA and Peat M 2013 'A Service-Oriented Approach towards Real Time Financial News Analysis' in Consumer Information Systems and Relationship Management: Design, Implementation, and Use, ed. Angela Lin, Jonathan Foster & Paul Scifleet, Business Science Reference, Hershey, United States, pp. 32-49

4
Journal Article/s

Johnstone D, Jones S, Jose VR and Peat M 2013 'Measures of the Economic Value of Probabilities of Bankruptcy', Journal of the Royal Statistical Society: Series A (Statistics in Society), vol.176:3, pp. 635-53 Link

Baradarannia R and Peat M 2013 'Liquidity and expected returns - Evidence from 1926-2008', International Review of Financial Analysis, vol.29:September, pp. 10-23 Link

5
Conference Paper/s

Wang J, Svec J and Peat M 2013 'Fiscal Opacity and Sovereign Credit Default Swap Spreads', 20th Annual Conference of the Multinational Finance Society, Izmir, Turkey, 3rd July 2013

Peat M and Baradaran R 2013 'Liquidity, Volatility and Expected Returns – New Evidence', 11th INFINITI Conference on International Finance 2013, Aix-en-Provence, France, 11th June 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 Jones S 2012 'Using Neural Nets to Combine Information Sets in Corporate Bankruptcy Prediction', Intelligent Systems in Accounting, Finance and Management, vol.19:2, pp. 90-101 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

5
Conference Paper/s

Wang J, Svec J and Peat M 2012 'Modelling Eurozone’s Credit Default Swaps', 19th Annual Conference of the Multinational Finance Society, Krakow, Poland, 27th June 2012

Peat M 2012 'Detecting Changing Financial Relationships: A Self Organising Map Approach', 10th INFINITI Conference on International Finance, Dublin, Ireland, 12th June 2012

Svec J, Wang J and Peat M 2012 'Modelling Eurozone’s Credit Default Swaps', 10th INFINITI Conference on International Finance, Dublin, Ireland, 12th June 2012

6
Conference Proceeding/s

Baradarannia MR and Peat M 2012 'Characteristic liquidity, systematic liquidity and expected returns', Proceedings of the 21st Annual Meeting of the European Financial Management Association EFMA 2012, Barcelona, Spain, 30th June 2012

2011

5
Conference Paper/s

Wang J, Svec J and Peat M 2011 'The information content of Bond Ratings: An analysis of Australian CDS spreads', 4th Methodological and Empirical Advances in Financial Analysis MEAFA Workshop, University of Sydney, Australia, 28th January 2011

6
Conference Proceeding/s

Reza Baradaran M and Peat M 2011 'Liquidity and Expected Returns: New Evidence from Daily Data 1926-2008', Proceedings of the 8th International Conference on Applied Financial Economic, Samos Island, Greece, 2nd July 2011

2010

4
Journal Article/s

Svec J and Peat M 2010 'Systematic Risk, CDS Spread and Market Integration: An Empirical Investigation', JASSA, vol.3, pp. 6-11

5
Conference Paper/s

Peat M and Svec J 2010 'Systematic Risk, CDS Spread and Market Integration: An Empirical Investigation', 8th INFINITI Conference on International Finance - "International Credit and Financial Market Integration: After the Storm?", Dublin, Ireland, 15th June 2010

Johnstone D, Jones S and Peat M 2010 'Measures of the Economic Value of Bankruptcy Probabilities', 3rd Methodological and Empirical Advances in Financial Analysis MEAFA Workshop, University of Sydney, Australia, 22nd January 2010

Stevenson M and Peat M 2010 'Predicting Australian Takeover Targets: A Logit Analysis', 3rd Methodological and Empirical Advances in Financial Analysis MEAFA Workshop, University of Sydney, Australia, 22nd January 2010

6
Conference Proceeding/s

Svec J and Peat M 2010 'The role of macroeconomic variables in predicting Australian CDS spreads', 30th Annual International Symposium on Forecasting-ISF 2010, San Diego, United States, 23rd June 2010

2009

2
Book Section/s

Peat M 2009 'Data + Information Systems = Financial Innovation' in Enterprise Applications and Services in the Finance Industry - 4th International Workshop, FinanceCom 2008, Paris, France, December 13, 2008 - Book Series: Lecture Notes in Business Information Processing - Invited Contribution, ed. D Kundisch, D.J. Veit, T Weitzel & C Weinhardt, Springer, Berlin, Germany, pp. 1-10

4
Journal Article/s

Peat M 2009 'Data Surveys: Market Data Resources for Researchers: The SIRCA Data Repository', The Australian Economic Review, vol.42:4, pp. 490-5

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

Martin S and Peat M 2009 'A comparison of the information content of accounting and market measures in distress prediction', 7th INFINITI Conference on International Finance 2009 - "Credit Markets, Credit Institutions and Macroeconomic Volatility”, Dublin, Ireland, 9th June 2009

Martin S and Peat M 2009 'A comparison of the information content of accounting and market measures in distress prediction', 2nd Methodological and Empirical Advances in Financial Analysis MEAFA Workshop, University of Sydney, Australia, 30th January 2009

2008

2
Book Section/s

Jones S and Peat M 2008 'Credit derivatives: Current practices and controversies' in Advances in Credit Risk Modelling and Corporate Bankruptcy Prediction, ed. S Jones and D.A Hensher, Cambridge University Press, Cambridge, United Kingdom, pp. 207-41

Peat M 2008 'Non-parametric methods for credit risk analysis: Neural networks and recursive partitioning techniques' in Advances in Credit Risk Modelling and Corporate Bankruptcy Prediction, ed. Jones S and Hensher D.A., Cambridge University Press, Cambridge, United Kingdom, pp. 137-53

4
Journal Article/s

Truong G, Partington G and Peat M 2008 'Cost-of-Capital Estimation and Capital-Budgeting Practice in Australia', Australian Journal of Management, vol.33:1, pp. 95-121

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

Stevenson M and Peat M 2008 'Predicting Australian Takeover Targets: A Logit Analysis', 6th INFINITI Conference on International Finance, Dublin, Ireland, 10th June 2008

Peat M 2008 'Common Characteristics in Takeover Targets: A Self Organising Map Approach', 1st Methodological and Empirical Advances in Financial Analysis MEAFA Workshop, University of Sydney, Australia, 15th February 2008

2007

4
Journal Article/s

Peat M 2007 'Factors Affecting the Probability of Bankruptcy: A Managerial Decision Based Approach', Abacus, vol.43:3, pp. 303-24

6
Conference Proceeding/s

Lim J, O'Connor M and Peat M 2007 'The impact of uncertainty information in judgemental forecasting and decision making', 27th International Symposium on Forecasting, New York, United States, 27th June 2007

2006

4
Journal Article/s

Stevenson M, Amaral L and Peat M 2006 'Risk management and the role of spot price predictions in the Australian retail electricity market', Studies in Nonlinear Dynamics & Econometrics, vol.10:3 Link

5
Conference Paper/s

Peat M 2006 'Bankruptcy conditions in a stochastic dynamic model of the firm', Accounting and Finance Association of Australia and New Zealand (AFAANZ) Conference, Wellington, New Zealand, 4th July 2006 Link

6
Conference Proceeding/s

Stevenson M, Amaral L and Peat M 2006 'Forward prices and their risk management role in the Australian electricity market', Forecasting Challenges in a Changing World Environment - Proceedings of the 26th International Symposium on Forecasting (ISF), Santander, Spain, 1st January 2006-31st December 2006

Amaral L, Peat M and Stevenson M 2006 'Forward prices and their risk management role in the Australian electricity market', 13th Global Finance Conference, Rio de Janeiro, Brazil, 28th April 2006

2005

4
Journal Article/s

Peat M, Stevenson M and Maroney D 2005 'The relationship between technical indicators and the market index', JASSA:2 Link

2004

6
Conference Proceeding/s

Peat M, Stevenson M and Maroney D 2004 'The predictive ability of simple technical indicators: Australian evidence', First International Workshop on Intelligent Finance, Melbourne, VIC, Australia, 14th December 2004

2003

5
Conference Paper/s

Peat M 2003 'Factors affecting the probability of bankruptcy', Accounting and Finance Association of Australia and New Zealand (AFAANZ) Conference, Brisbane, QLD, Australia, 1st - 30th June 2003

2002

5
Conference Paper/s

Peat M and Stevenson M 2002 'Using wavelet-based forecasts of spot electricity prices within a risk management context', 22nd International Symposium of Forecasting, Dublin, Ireland, 1st - 30th June 2002

1992

5
Conference Paper/s

Partington G, Peat M and Stevenson M 1992 'The probability and timing of corporate financial distress: Preliminary results for Australia', Australasian Finance and Banking Conference, Sydney, NSW, Australia, 1st January 1992-31st December 1992

1991

5
Conference Paper/s

Partington G, Peat M and Stevenson M 1991 'Estimating the probability and timing of financial distress', Australian Institute of Bankers Conference, Melbourne, VIC, Australia, 1st January 1991-31st December 1991

Research Grants

2011-2013

Visual analytics for high volume multi attribute financial data streams

While our ability to accumulate data (such as financial data) is increasing, our capability to analyse them is still inadequate despite technological improvements. The new Visual Analytics methods will allow processing of the massive and time-varying data so that the time-critical decisions can be made with minimum effort.

ARC Linkage Grant

2012-2014

The predictive, behavioural and economic forecasting performance of alternative credit risk and bankruptcy models: a global study

This study empirically evaluates a range of "new age" credit risk models using a large global sample of failed firms and bond ratings data. The study will provide a substantive body of empirical evidence to assist regulators, creditors, investors and other users assess the merits, strengths and limitations of alternative risk modelling approaches.

ARC Discovery Project

See all Business School Grants

Research Expertise

  • Credit risk and corporate distress analysis
  • Risk management

Recent Units Taught

Videos

Dr Maurice Peat from the Discipline of Finance discusses the State Government's planned sell off of electricity assets.

1:05 mins Play video Download video (mp4 - 9.11Mb) Watch on YouTube


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