Associate Professor Vito Mollica

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Associate Professor Vito Mollica

Director Higher Degree Research, Associate Professor in Management (Accounting/Finance)

MGSM

Contact Details

Tel: +61 2 9850 9097

Email: vito.mollica@mgsm.edu.au

Expertise

Finance

Bio

About Associate Professor Vito Mollica

Director Higher Degree Research, Associate Professor in Management (Accounting/Finance)

BCom (Hons), PhD (USYD)

Teaching Areas

Accounting, Banking & Finance

Research Area Affiliations

  • Finance

Research statement

Dr Mollica’s research centres on securities market design, asset selection criteria, quantitative investment research and residential property price dynamics.  He is currently working on issues related to high frequency traders, market transparency, institutional execution costs and property marketing strategies.

Contribution to management practice

Dr Mollica’s research outcomes have assisted in shaping the rules and regulations governing securities market design.  He has worked on projects with the Australian Securities Exchange addressing issues of trader anonymity, market fragmentation and execution costs.

Dr Mollica was a foundation team member of a property funds manager which developed a new investment asset class for wholesale and retail investors.  He worked in a team which cemented itself as the industry leading property research house, successfully patenting and commercialising property related research outcomes.

Media topics

  • Securities Market Design
  • Execution Costs
  • Residential Property
  • Portfolio Management

Publications

Journal articles

  • Mollica, V., Lim, M. Y., Frino, A., Palumbo, R., & Capalbo, F. (forthcoming). The Impact of CEO Narcissism on Earnings Management. Abacus.
  • Frino, A., Ibikunle, G., Mollica, V., & Steffen, T. (2017). The Impact of Commodity Benchmarks on Derivatives Markets: The Case of the Dated Brent Assessment and Brent Futures. Journal of Banking and Finance. Advance online publication. DOI: https://doi.org/10.1016/j.jbankfin.2017.08.017
  • Frino, A., Mollica, V., Webb, R. I., & Zhang, S. (2016). The impact of latency sensitive trading on high frequency arbitrage opportunities. Pacific Basin Finance Journal, 1-12. Advance online publication. DOI: 10.1016/j.pacfin.2016.08.004
  • Frino, A., Mollica, V., Monaco, E., & Palumbo, R. (2015). The effect of algorithmic trading on market liquidity: Evidence around earnings announcements on Borsa Italiana. Pacific Basin Finance Journal, 1-9. Advance online publication. DOI: 10.1016/j.pacfin.2016.07.003
  • Frino, A., Mollica, V., Romano, M. G., & Zhou, Z. (2017). Asymmetry in the permanent price impact of block purchases and sales: theory and empirical evidence. Journal of Futures Markets, 37(4), 359-373. DOI: 10.1002/fut.21822
  • Frino, A., Lepone, A., Mollica, V., & Zhang, S. (2016). Are Hedgers Informed? An Examination of the Price Impact of Large Trades in Illiquid Agricultural Futures Markets. Journal of Futures Markets, 36(6), 612-622. DOI: 10.1002/fut.21774
  • Frino, A., Mollica, V., & Zhou, Z. (2014). Commonality in liquidity across international borders: evidence from futures markets. Journal of Futures Markets, 34(8), 807-818.
  • Capalbo, F., Frino, A., Mollica, V., & Palumbo, R. (2014). Accrual-based earnings management in state owned companies: implications for transnational accounting regulation. Accounting, Auditing and Accountability Journal, 27(6), 1026-1040.
  • Frino, A., Mollica, V., & Webb, R. I. (2014). The impact of co-location of securities exchanges’ and traders’ computer servers on market liquidity. Journal of Futures Markets, 34(1), 20-33.
  • Frino, A., Palumbo, R., Capalbo, F., Gerace, D., & Mollica, V. (2013). Information Disclosure and Stock Liquidity: Evidence from Borsa Italiana. ABACUS, 49(4), 423-440.
  • Frino A., Lepone A., Mollica V., & Vassallo A. (2010). The impact of Auctions on Residential Sales Prices: Australian Evidence. Australasian Accounting Business and Finance Journal, 4(3), 3-22.
  • Comerton-Forde C., Frino A., & Mollica V. (2005). The impact of limit order anonymity on liquidity: Evidence from Paris, Tokyo and Korea. Journal of Economics and Business, 57(6), 528-540.

Books

  • Berk, J., DeMarzo, P., Harford, J., Ford, G. W., Mollica, V., & Finch, N. (2017). Fundamentals of Corporate Finance (3nd Ed.), Sydney, Australia: Pearson Education.
  • Berk, J., DeMarzo, P., Harford, J., Ford, G. W., Mollica, V., & Finch, N. (2014). Fundamentals of Corporate Finance (2nd Edition), Sydney, Australia: Pearson Education.

Working papers

  • The Visible Hand: Benchmarks, Regulation and Liquidity, with M. Aquailina, G, Ibikunle, & T. Steffen
  • Overpricing, Market Outcomes and Advertising Effectiveness, with M Lukas, M.Noth, and S. Trueck
  • Earnings Management and Elections in SOE, with F. Capalbo, A. Frino, and M. Smarra.
  • Tick Size, Exchange Access Fee and Market Quality, with Yiping Lin and Peter Swan.
  • The Impact of the Shanghai – Hong Kong Connect on the Market Liquidity and Price Divergence, with M. Aitken, S. Ji and X. Wang.
  • High Frequency Trading around Stock Splits and Consolidations, with S. Zhang.
  • Price Limits and magnet effects in liberalised markets, with Ed Curran
  • Do owner occupiers over capitalise? An analysis of development approval application in the Australian Housing market, with Haresh Pardasani and S. Trueck,
  • Liquidity Effects from Asian Market Linkages: Structural Improvement or Liberalization? with Michael Aitken, David Donald, and Vito Mollica.

Conference papers

  • Frino, A., Mollica, V., & Webb, R. (2013). The Impact of co-location of securities exchanges' and traders' computer servers on market liquidity, IV World Finance Conference (pp. 1-22). Limassol, Cyprus: World Finance.
  • Frino, A., Mollica, V., & Romano, M. (2012). Asymmetry in the permanent price impact of block purchases and sales: theory and empirical evidence.8th CSEF-IGIER Symposium on Economics and Institutions : programme and papers. (pp.1-36). Anacapri, Italy: Centre for Studies in Economics and Finance (CSEF).
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