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Terry Walter

B.Com (Qld), Ph.D (W. Aust)
Honorary Professor

The University of Sydney
NSW 2006 Australia


Bio

Terry Walter is an Honorary Professor.  His first academic appointment was in 1973, subsequently he has had longstanding appointments at the University of Western Australia, UNSW, UTS and the University of Sydney. He was first appointed as a Professor at the University of Sydney in February 1988, and has since then held several senior administrative appointments including Director of Program, Head of School, Head of Division and Dean. He has had several successes with ARC research funding (seven discovery grants, one infrastructure grant, two collaborative grants and one cooperative research centre). Terry has a substantial publication record (including papers published in some of the top finance and accounting journals; Journal of Financial Economics, Journal of Banking and Finance, Journal Financial and Quantitative Analysis, Abacus, Journal of Accounting and Public Policy, Review of Accounting Studies) and has supervised more than 20 Phd students to completion.

In 2015, Terry was appointed as a member of the ERA panel in Economics and Commerce.

Selected publications

2016

Journal Article

Shan Y, and Walter T (2016) Towards a Set of Design Principles for Executive Compensation Contracts Abacus, 52 (4), 619-684. [More Information]

2015

Journal Article

Bugeja M, Patel V, and Walter T (2015) The microstructure of Australian takeover announcements Australian Journal of Management, 40 (1), 161-188. [More Information]

2014

Journal Articles

Chan P, and Walter T (2014) Investment performance of "environmentally-friendly" firms and their initial public offers and seasoned equity offers Journal of Banking & Finance, 44, 177-188. [More Information]

Dou Y, Gallagher D, Schneider D, and Walter T (2014) Cross-region and cross-sector asset allocation with regimes Accounting and Finance, 54 (3), 809-846. [More Information]

Gallagher D, Gardner P, Schmidt C, and Walter T (2014) Portfolio Quality and Mutual Fund Performance International Review of Finance, 14 (4), 485-521. [More Information]

Gallagher D, Gardner P, Schmidt C, and Walter T (2014) Quality Investing in an Australian Context Australian Journal of Management, 39 (4), 615-643. [More Information]

Shan Y, Taylor S, and Walter T (2014) The role of "other information" in analysts' forecasts in understanding stock return volatility Review of Accounting Studies, 19 (4), 1346-1392. [More Information]

2013

Journal Articles

Al-Yahyaee K, Pham T, and Walter T (2013) The Form of Debt and Stock Returns: Empirical Evidence from Oman International Journal of Economics and Finance, 5 (7), 9-25. [More Information]

Al-Yahyaee K, Pham T, and Walter T (2013) Capital structure and stock returns: evidence from an emerging market with unique financing arrangements Applied Financial Economics, 29 (14), 1197-1203. [More Information]

Brown P, and Walter T (2013) The CAPM: Theoretical Validity, Empirical Intractability and Practical Applications Abacus, 49 (SUPPL.1), 44-50. [More Information]

Shan Y, Taylor S, and Walter T (2013) Fundamentals or Managerial Discretion? The Relationship between Accrual Variability and Future Stock Return Volatility Abacus, 49 (4), 441-475. [More Information]

2012

Journal Articles

Dou Y, Gallagher D, Schneider D, and Walter T (2012) Out-of-sample stock return predictability in Australia Australian Journal of Management, 37 (3), 461-479. [More Information]

Walter T, and Corones Z (2012) Open and closed analyst briefings: An intraday perspective JASSA, 3 (2), 21-26.

2011

Journal Articles

Al-Yahyaee K, Pham T, and Walter T (2011) Dividend smoothing when firms distribute most of their earnings as dividends Applied Financial Economics, 21 (16), 1175-1183. [More Information]

Al-Yahyaee K, Pham T, and Walter T (2011) The information content of cash dividend announcements in a unique environment Journal of Banking & Finance, 35 (3), 680-687. [More Information]

Comerton-Forde C, Gallagher D, Lai J, and Walter T (2011) Broker recommendations and Australian small-cap equity fund management Accounting and Finance, 51 (4), 893-922. [More Information]

2010

Journal Articles

Al-Yahyaee K, Pham T, and Walter T (2010) Dividend stability in a unique environment Managerial Finance, 36 (10), 903-916. [More Information]

Chen C, Comerton-Forde C, Gallagher D, and Walter T (2010) Investment manager skill in small-cap equities Australian Journal of Management, 35 (1), 23-49. [More Information]

Comerton-Forde C, Gallagher D, Nahhas J, and Walter T (2010) Transaction costs and institutional trading in small-cap equity funds Australian Journal of Management, 35 (3), 313-327. [More Information]

2009

Journal Article

Chan P, Edwards V, and Walter T (2009) The information content of Australian credit ratings: A comparison between subscription and non-subscription-based credit rating agencies Economic Systems, 33 (1), 22-44. [More Information]

Conference Proceeding

Comerton-Forde C, Gallagher D, Lai J, and Walter T (2009) Broker Recommendations and Australian Small-Cap Equity Fund Management Financial Management Association FMA Annual Meeting 2009; European Financial Management Association, USA.

2008

Journal Articles

Colwell D, Henker J, and Walter T (2008) Effect of Investor Category Trading Imbalances on Stock Returns International Review of Finance, 8 (3-4), 179-206. [More Information]

Oh N, Parwada J, and Walter T (2008) Investors' trading behavior and performance: Online versus non-online equity trading in Korea Pacific-Basin Finance Journal, 16 (1-2), 26-43. [More Information]

Walter T, Yawson A, and Yeung C (2008) The role of investment banks in M&A transactions: Fees and services Pacific-Basin Finance Journal, 16 (4), 341-369. [More Information]

Yahyaee K, Pham T, and Walter T (2008) Ex-Dividend Day Behaviour in the Absence of Taxes and Price Discreteness International Review of Finance, 8 (3-4), 103-123. [More Information]

2006

Journal Article

Bayley L, Lee P, and Walter T (2006) IPO flipping in Australia: cross-sectional explanations Pacific-Basin Finance Journal, 14 (4), 327-348. [More Information]

2005

Journal Article

Bugeja M, Da Silva Rosa R, and Walter T (2005) Expert Reports in Australian Takeovers: Fees and Quality Abacus, 41 (3), 307-322. [More Information]

2004

Journal Articles

Da Silva Rosa R, Lee P, Skott M, and Walter T (2004) Competition In The Market For Takeover Advisers Australian Journal of Management, 29 (Special), 61-92.

Demir I, Muthuswamy J, and Walter T (2004) Momentum Returns In Australian Equities: The Influences Of Size, Risk, Liquidity And Return Computation Pacific-Basin Finance Journal, 12 (2), 143-158. [More Information]

Conference Proceeding

Comerton-Forde C, Gallagher D, Nahhas J, and Walter T (2004) Transaction costs and institutional trading: An examination of small-cap equity funds 17th Australasian Finance and Banking Conference.

2003

Journal Articles

Da Silva Rosa R, Velayuthen G, and Walter T (2003) The sharemarket performance of Australian venture capital-backed and non-venture capital-backed IPOs Pacific-Basin Finance Journal, 11 (2), 197-218. [More Information]

Lee P, Stokes D, Taylor S, and Walter T (2003) The association between audit quality, accounting disclosures and firm-specific risk: Evidence from initial public offerings Journal of Accounting and Public Policy, 22 (5), 377-400. [More Information]

Conference Proceeding

Bugeja M, Da Silva Rosa R, and Walter T (2003) Expert valuation reports in Australian takeovers: Quality, fees and auditor independence American Accounting Association Annual Meeting AAA 2005; American Accounting Association, USA.