This research area concerns the processes and practices of decision-making in a truly global and increasingly convergent business environment, given advances in technology and the integration of financial markets. It also examines the diversification activities of investors who embrace international asset classes as part of their portfolio decisions.
Industry participants in the field include investment and retail banks, fund managers, insurance companies, securities exchanges, regulators, superannuation funds, securities analysts (brokers), asset consulting intermediaries, and both exchange-listed and private corporations.
Banking, Corporate Finance, Capital Markets, Financial Management, Investment Management, Investment Banking.
Who this research helps
Partners include investment and retail banks, fund managers, insurance companies, securities exchanges, regulators, superannuation funds, securities analysts (brokers), asset consulting intermediaries, and both exchange-listed and private corporations.
- Decision-making processes and practices in a global and convergent business environment
- Advances in technology and the integration of financial markets
- Activities of investors who embrace international asset classes as part of their portfolio decisions
- Determining the value of assets
- Investment decisions
- The role of the financing in operating a firm’s capital
- Developing and managing hedging strategies that enable efficient risk transfer.
Looks at capital structure, dividend policy, cost of capital and corporate governance.
This broad research area examines the ways assets are traded, including, but not limited to:
- Stocks and stock indices
- Fixed income instruments
- Real Estate
- Derivative securities.
And to answer two questions:
- What are the determinants of liquidity (trading interests) and trading costs in markets?
- What is the optimal market structure for each tradable asset?
This stream of research overlaps with microeconomics and investment management as:
- Investment managers play a significant role in forming markets and trading assets
- The performance of fund managers is a function of trading costs and liquidity conditions.
- Market microstructure also impacts a listed company’s cost of capital (through liquidity).
Involves ensuring firms can grow sustainably and manage their financial positions.
The objective of this stream is to:
- Conduct leading investment management research
- Build innovative technologies for the global investments industry
- Provide institutional investors, regulators, custodians, and advising intermediaries with improved intelligence services for examining investment performance outcomes.
It involves understanding:
- Investment objectives and the risk profile of investors in setting, designing, and monitoring investment performance and risk outcomes
- That risk profiles vary according to preferences and objectives, and throughout the life cycle
- Institutional investors such as superannuation funds, hedge funds, investment banks, endowment funds, insurance companies, sovereign wealth funds, individual high net-worth individuals, self-managed superannuation funds, and foreign investor.
Research activities in the fund management field include examining:
- Trading behaviour of investment managers
- Design of portfolios
- Asset allocation dynamics
- Performance measurement of managed funds
- Delegated portfolio management using external fund managers to execute an investor’s investment objectives.
The School’s research partnerships with Capital Markets CRC Limited as well as sponsorship arrangements with large pension funds and investment management intermediaries are critical to our ability to offer applied, relevant and high-impact scholarships.
Involves capital raisings, mergers and acquisitions.
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