Latest research from CMCRC
  • Latest funds management research produces very surprising findings
    09-05-2013 There is plenty of room for fund managers to improve their performance as evidence suggests they buy winners but sell even bigger winners.
    Zhe Chen, David Gallagher ⋅ SummaryDownload full article
  • How have stamp duty changes affected the mainland Chinese stock markets?
    09-05-2013 Chinese policymakers perhaps view stamp duty increases on their share markets as a way of reducing short term speculation and resulting stock price volatility when they believe the market to be overheated; new research examines the implications of this and sees if this policy has been successful.
    Lynn Zhu ⋅ SummaryDownload full article
  • Can accounting-based fundamental models pick stock winners on the Australian market?
    09-05-2013 Do fundamental accounting-based scoring models like the FSCORE and GSCORE predict winners and losers for non-U.S. stocks? A new study tests these models on Australian stocks and finds they perform well.
    Sean Foley, Angelo Aspris ⋅ SummaryDownload full article
  • Australia needs a standard method of calculating shareholder loss in continuous disclosure cases
    12-04-2013 The number of continuous disclosure class actions in Australia is rising but Australia does not have a standard method for calculating shareholder loss. Empirical research assesses the different methods of calculating loss and identifies a clear winner.
    Daniel Maroney, Dr Elvis Jarnecic ⋅ SummaryDownload full article
  • Has the Australian Treasury got its projections right for Age Pension expenditure?
    12-04-2013 Research suggests that unless there are big changes to superannuation rules or changes in human behaviour, forecasts of the money required to finance the Age Pension may have been considerably underestimated.
    Jack Ding ⋅ SummaryDownload full article
  • What happens to HFT in the UK market when US trading opens for the day?
    08-04-2013 Study highlights how price discovery in the world’s biggest market (the US market), affects HFT and UK liquidity.
    Kiril Alampieski , Andrew Lepone ⋅ SummaryDownload full article