Business Financing and Banking Research Group

• Professor Stewart Jones
• Professor Peter Pham
• Professor Eliza Wu
• Professor Buhui Qiu

• Professor Suk-Joong Kim
• Professor Hans Hendrischke
• Professor Susan Thorp
• Professor Joakim Westerholm
• Associate Professor Andrew Grant
• Associate Professor Danika Wright
• Associate Professor Jiri Svec
• Associate Professor Jing Yu
• Dr Wei Li
• Dr Eva Huang
• Dr Shan Zhou
• Dr Quan Gan
• D He Huang
  
• Dr Henry Leung
• Dr Lantian Liang
• Dr Danilo Lopomo Beteto
• Dr Luke Deer
• Dr Reuben Segara
• Dr Angelo Aspris
• Dr Juan Yao
• Dr Haekwon Lee
• Dr Vycke Wu
• Dr Thomas To
• Dr James Cummings
• Dr Isaac Pan
• Dr Claire Liu
• Danilo Lopomo Beteto
• Mingze Gao, HDR candidate
• Yunying Huang, HDR candidate
• Linghua Kong, HDR candidate
• Ahasan Sarkar, HDR candidate

• Professor Iftekhar Hasan,  E. Gerald Corrigan Chair in International Business and Finance at Fordham university, Scientific Advisor at Bank of Finland, Fractional Professor of Finance at the University of Sydney Business School
• Professor Gary Tian, Department of Applied Finance, Macquarie University
• Professor Kwangwoo Park, KAIST
• Professor Kose John, Charles William Gerstenberg Professor of Banking and Finance, New York University
• Professor Manthos Delis, Montpellier Business School
• Dr Ying Gan, Assistant Professor in Accounting, Erasmus University Rotterdam
• Dr Thuy To, Associate Professor, UNSW Business School
• Dr Chloe Ho, Lecturer, UWA Business School
• Dr Phong Ngo, Associate Professor, Australian National University
• Professor Barbara Casu, Bayes Business School, City University of London
• Dr Panagiotis Politsidis, Audencia Business School in Nantes, France

Qiu, B., To, T. (2024). Board Reforms, Stock Liquidity, and Stock Market Development. Review of Corporate Finance Studies, Published online: 6 September 2022. [More Information]

Qiu, B., Xu, F., Yeung, A., Zeng, C. (2024). Contagious Stock Price Crashes along the Supply Chain. Production and Operations Management, Published online: 2 May 2024. [More Information]

He, Q., Leung, H., Qiu, B., Zhou, Z. (2024). The Effect of Social Media on Corporate Innovation: Evidence from Seeking Alpha Coverage. Management Science, in press.

Ho, C., Wu, E., Yu, J. (2024). The price of corporate social irresponsibility in seasoned equity offerings: International evidence. The British Accounting Review, Published online: 13 March 2024. [More Information]

Delis, M., Hasan, I., To, T., Wu, E. (2024). The  bright side of bank lobbying: Evidence from the corporate loan market. Journal of Corporate Finance, forthcoming.

DeLisle, R. J., Grant, A. & Mao. R. (2024). Does Environmental and Social Performance Affect Pricing Efficiency?  Evidence from Earnings Conference Call Tones. Journal of Corporate Finance, 86, 102585. https://doi.org/10.1016/j.jcorpfin.2024.102585

Chen, X., Jones, S., Hasan, M., Zhao, R., Alam, N. (2023). Does strategic deviation influence firms' use of supplier finance? Journal of International Financial Markets, Institutions and Money, 85, 101787.

Guo, H., Qiu, B. (2023). Conditional Equity Premium and Aggregate Corporate Investment. Journal of Money, Credit and Banking, 55(1), 251-295.

Hasan, I., Kim, S-J., Politsidis, P., Wu, E. (2023), Regulation and Information Costs of Sovereign Distress: Evidence from Corporate Lending Markets, Journal of Corporate Finance, forthcoming.

Hasan, I., Marra, M., Wu, E., Zhang, G. (2023). Creditor Control Rights and the Non-synchronicity of Global CDS Markets. Review of Corporate Finance Studies, forthcoming.

Jones, S. (2023). A literature survey of corporate failure prediction models. Journal of Accounting Literature, 45(2), 364-405.

Jones, S. (2023). Distress Risk and Corporate Failure Modelling: The State of the Art. London: Routledge.

Masulis, R., Pham, P., Zein, J., Ang, A. (2023). Crises as Opportunities for Growth: The Strategic Value of Business Group Affiliation. Journal of Financial and Quantitative Analysis.

Altman, E., Hu, X., Yu, J. (2022). Has the Evergrande debt crisis rattled Chinese capital markets? A series of event studies and their implications. Finance Research Letters, 50. [More Information]

Campbell, D., Grant, A., Thorp, S. (2022). Reducing credit card delinquency using repayment reminders. Journal of Banking & Finance, 142, 106549. [More Information]

Cole, B., Dyhrberg, A., Foley, S., Svec, J. (2022). Can Bitcoin be Trusted? Quantifying the economic value of blockchain transactions. Journal of International Financial Markets, Institutions and Money, 79. [More Information]

Foley, S., Li, S., Malloch, H., Svec, J. (2022). What is the expected return on Bitcoin? Extracting the term structure of returns from options prices. Economics Letters, 210, 1-4. [More Information]

Grant, A., Johnstone, D., Kwon, O. (2022). How an idiosyncratic (zero-beta) risk can greatly increase the firm's cost of capital. Australian Journal of Management, Published online: 5 December 2021. [More Information]

Guo, H., Qiu, B. (2022). Conditional Equity Premium and Aggregate Corporate Investment. Journal of Money, Credit and Banking, Published online: 18 January 2022. [More Information]

Hasan, I., Marra, M., To, T., Wu, E., Zhang, G. (2022). COVID-19 Pandemic and Global Corporate CDS Spreads. Journal of Banking & Finance, Published online: 16 July 2022, 106618. [More Information]

James, R., Jarnecic, E., Leung, H. (2022). Who Values Economist Forecasts? Evidence From Trading in Treasury Markets. Journal of Financial Intermediation, 49. [More Information]

Kim, S., Wu, E. (2022). Crises, lending and regulations. Journal of Financial Stability, 58, 100970. [More Information]

Qiu, B., Tian, G., Zeng, H. (2022). How Does Deleveraging Affect Funding Market Liquidity? Management Science, 68(6), 3975-4753. [More Information]

Agha, M., Pham, M., Yu, J. (2021). Management connectedness and corporate investment. Journal of Banking & Finance, 124, 106042. 

Delis, M., Kim, S., Politsidis, P., Wu, E. (2021), Regulators vs. markets: Are lending terms influenced by different perceptions of bank risk? Journal of Banking & Finance, in-press.

Fotak, V., Jiang, F., Lee, H., Lie, E., Trust and Debt Contracting: Evidence from the backdating scandal. Journal of Financial and Quantitative Analysis, forthcoming.

Gilchrist, D., Yu, J., Zhong, R. (2021). The limits of green finance: A survey of literature in the context of green bonds and green loans. Sustainability, 13(2), 1-12.  

H. Huang, J. Svec, Wu, E. (2021), The Game Changer: Regulatory Reform and Multiple Credit Ratings, Journal of Banking and Finance, forthcoming.

Hasan, M., Lobo, G., Qiu, B. (2021) , Organizational capital, corporate tax avoidance and firm value, Journal of Corporate Finance, forthcoming.

Hasan, I., Hassan, G., Kim, S., Wu, E. (2021). The Impact of Risk-based Capital Rules for International Lending on Income Inequality: Global Evidence. Economic Modelling, 98, 136-153.

Hu, X., Shi, J., Wang, L., Yu, J. (2020). Foreign ownership in Chinese credit ratings industry: Information revelation or certification? Journal of Banking & Finance, 118, 105891.  

Liu, Y., Qiu, B., Wang, T. (2021). Debt Rollover Risk, Credit Default Swap Spread and Stock Returns: Evidence from the COVID-19 Crisis. Journal of Financial Stability, Published online: 28 February 2021, 100855.

Luong, T., Qiu, B., Wu, A. (2021). Does it pay to be socially connected with wall street brokerages? Evidence from cost of equity. Journal of Corporate Finance, 68, 101939. [More Information]

Pan, G. (2021) Search Disruption During the Pandemic. 2021 Banking and Financial Stability Meeting (FIRN)

Qiu, B., Tian, G., Zeng, H. (2021). How Does Deleveraging Affect Funding Market Liquidity? Management Science, In Press.

Wright, D. (2021) Zoom towns: Housing Market Spillovers and Covid-19. 2021 Banking and Financial Stability Meeting (FIRN)

Bui, C., Scheule, H., Wu, E. (2020). A cautionary tale of two extremes: The provision of government liquidity support in the banking sector. Journal of Financial Stability, forthcoming.

Chung, C.Y., Kim, I., Rabarison, M.K., To, T., Wu, E. (2020), ‘Shareholder litigation rights and corporate acquisitions’ forthcoming in Journal of Corporate Finance

Cummings, J.R. and Guo, Y. (2020), ‘Do the Basel III capital reforms reduce the implicit subsidy of systemically important banks? Australian evidence’, forthcoming, Pacific-Basin Finance Journal

Delis, M., Hasan, I., Iosifidi, M., Ongena, S. (2020). Gender, Credit, and Firm Outcomes Journal of Financial and Quantitative Analysis, forthcoming.

Dyakov, T., Harford, J., Qiu, B. (2020). Better Kept in the Dark? Portfolio Disclosure and Agency Problems in Mutual Funds. Journal of Financial and Quantitative Analysis, Forthcoming.

Fotak, V., Lee, H. (2020). Public-private co-lending: Evidence from syndicated corporate loans, Journal of Banking and Finance, in-press.

Gan, Q., Qiu, B. (2020). The information content of 10‐K file size change. International Review of Finance, in-press.

Gao, M., Leung, H., Qiu, B. (2020), Organisation capital and executive performance incentives, Journal of Banking & Finance, in-press.

Grant, A., Deer, L. (2020). Consumer marketplace lending in Australia: Credit scores and loan funding success. Australian Journal of Management, 45(4), 607-623.

Hasan, I., Navone, M., To, T., Wu, E. (2020), ‘Tournament Incentives and Acquisition Performance’ forthcoming in Review of Corporate Finance Studies

Hu, X., Shi, J., Wang, L., Yu, J. (2020) Foreign ownership in Chinese credit ratings industry: Information revelation or certification?, Journal of Banking and Finance, in-press.

Law, A., Qiu, B., Wang, T. (2020). Patent Enforcement, Shareholder Value, and Firm Innovations: Evidence from the Supreme Court Ruling on TC Heartland (2017). Harvard Business Law Review, Forthcoming

Liang, L., Williams, R., Xiao, S. (2020). Stock Market Information and Innovative Investment in the Supply Chain. Review of Corporate Finance Studies, Published online: 30 November 2020.

Lopomo Beteto Wegner, D. (2020). Liquidity policies and financial fragility. International Review of Economics and Finance, 70, 135-153.

Thorp, S., Bateman, H., Dobrescu, L., Newell, B., Ortmann, A. (2020). Flicking the Switch: Simplifying Disclosure to Improve Retirement Plan Choices. Journal of Banking & Finance, 121, 105955.

Fotak, V., Lee, H and Megginson, W., 2019, A BIT of Investor Protection: How Bilateral Investment Treaties Impact the Terms of Syndicated Loans, Journal of Banking and Finance, forthcoming.

Deli, Y., Delis, M., Hasan, I., Liu, L., 2019, Enforcement of banking regulation and the cost of borrowing, Journal of Banking and Finance 101, 147-160.

Delis, M., Hasan, I., Ongena, S., 2019, Democratic Development and Credit: “Democracy Doesn't Come Cheap” But at Least Credit to its Corporations Will Be, Journal of Financial Economics, forthcoming.

Gan Y, and Qiu B (2019) Escape from the USA: Government debt-to-GDP ratio, country tax competitiveness, and US-OECD cross-border M&As, Journal of International Business Studies, In Press.

Moshirian F, and Wu E, 2019, Banking in Australia and New Zealand - Geographic proximity, market concentration and banking integration The Oxford Handbook of Banking, Third Edition; Oxford University Press, Oxford, United Kingdom.

Chen B, Gan Q and Wu E, 2018, Mental accounting and loan preferences: Evidence from the field, under review.

Delis, M., Hasan, I., Iosifidi, M., Li, L., 2018, Accounting quality in banking: The role of regulatory interventions, Journal of Banking and Finance 97, 297-317.

Hasan I, Hassan G, Kim S-J and Wu E, 2018, The impact of risk-based capital rules on income distribution: Global evidence, Working paper, University of Sydney.

Luong T-M, Pieters R, Scheule H and Wu E, 2018, The impact of government guarantees on banks’ wholesale funding costs and lending behavior: Evidence from a natural experiment, Pacific Basin Finance Journal, forthcoming.

Qiu B, Tian G and Zeng H, Deleveraging, market liquidity, and funding liquidity crisis: A natural experiment, Working paper, University of Sydney.

Foster FD, Luong T, Qiu B, Shocks to real estate markets and shareholder value, Working paper, University of Sydney.

2018 Business Financing and Banking Research Group Workshop

• 26 May 2018

Vertical and Horizontal agency Costs: Evidence of Public and Private firms

• Pradeep Yadav, University of Oklahoma

Underwriting syndicate structure and securities offering reform

• Lantian Liang, University of Sydney

Trust in the Corporate Bond Market: Evidence from lawsuits

• Iftekhar Hasan, Fordham University and University of Sydney