Select Publications
Journal articles
2016, 'Comments on Shan and Walter: ‘Towards a Set of Design Principles for Executive Compensation Contracts’', Abacus, 52, pp. 685 - 771, http://dx.doi.org/10.1111/abac.12091
,2016, 'Mandated divorce: Company boards, incentives and performance', Law and Financial Markets Review, 10, pp. 133 - 138, http://dx.doi.org/10.1080/17521440.2016.1243880
,2015, 'Do Australians benefit from our greater tolerance for inequality?', The Economic and Labour Relations Review, 26, pp. 678 - 680, http://dx.doi.org/10.1177/1035304615614449
,2014, 'Do Concentrated Institutional Investors Really Reduce Executive Compensation Whilst Raising Incentives?', Critical Finance Review, 3, pp. 49 - 83, http://dx.doi.org/10.1561/104.00000014
,2014, 'The ASX governance council and ‘independent’ boards', Law and Financial Markets Review, 8, pp. 194 - 198, http://dx.doi.org/10.5235/17521440.8.3.196
,2013, 'Governance through Trading: Institutional Swing Trades and Subsequent Firm Performance', Journal of Financial and Quantitative Analysis, 48, pp. 427 - 458, http://dx.doi.org/10.1017/S0022109013000203
,2011, 'Follow the leader: Fund managers trading in signal-strength sequence', Accounting and Finance, 51, pp. 684 - 710, http://dx.doi.org/10.1111/j.1467-629X.2010.00367.x
,2009, 'Do active fund managers care about capital gains tax efficiency?', Pacific Basin Finance Journal, 17, pp. 257 - 270
,2009, 'Portfolio pumping: An examination of investment manager quarter-end trading and impact on performance', Pacific Basin Finance Journal, 17, pp. 1 - 27, http://dx.doi.org/10.1016/j.pacfin.2007.12.001
,2009, 'The political economy of the subprime crisis: Why subprime was so attractive to its creators', European Journal of Political Economy, 25, pp. 124 - 132, http://dx.doi.org/10.1016/j.ejpoleco.2008.12.005
,2006, 'Australian chief executive officer remuneration: Pay and performance', Accounting and Finance, 46, pp. 481 - 497
,2003, 'Performance Thresholds in Managerial Incentive Contracts', Journal of Business, 76, pp. 665 - 696
,1998, 'Short sales are almost instantaneously bad news: Evidence from the Australian stock exchange', Journal of Finance, 53, pp. 2205 - 2223, http://dx.doi.org/10.1111/0022-1082.00088
,1995, 'HOW BROKERS FACILITATE TRADE FOR LONG-TERM CLIENTS IN COMPETITIVE SECURITIES MARKETS', JOURNAL OF BUSINESS, 68, pp. 1 - 33, http://dx.doi.org/10.1086/296651
,1995, 'Shareholder Activism, “Voluntary” Restructuring, and Internal Labor Markets', Journal of Economics & Management Strategy, 4, pp. 591 - 621, http://dx.doi.org/10.1111/j.1430-9134.1995.00591.x
,1994, 'The economics of corporate governance: Beyond the Marshallian firm', Journal of Corporate Finance, 1, pp. 139 - 174, http://dx.doi.org/10.1016/0929-1199(94)90001-9
,1994, 'The Taxation of Capital Gains When the Cash Component of Income Is Taxed', Abacus, 30, pp. 160 - 174, http://dx.doi.org/10.1111/j.1467-6281.1994.tb00348.x
,1993, 'Agency Theory and “Management Research” A Comment', Australian Journal of Management, 18, pp. 93 - 102, http://dx.doi.org/10.1177/031289629301800105
,1993, 'Exhaustibility and the reserves/production ratio', Economics Letters, 42, pp. 117 - 119, http://dx.doi.org/10.1016/0165-1765(93)90183-D
,1993, 'PRINCIPAL AND AGENCY TRADES BY STOCKBROKERS ARE COMPLEMENTARY: THE WELFARE EFFECTS OF DEREGULATING AGENCY TRADING AND BANNING PRINCIPAL TRADES', Accounting & Finance, 33, pp. 19 - 42, http://dx.doi.org/10.1111/j.1467-629X.1993.tb00197.x
,1992, 'MANAGERIAL OBJECTIVES, CAPITAL STRUCTURE, AND THE PROVISION OF WORKER INCENTIVES', JOURNAL OF LABOR ECONOMICS, 10, pp. 357 - 379, http://dx.doi.org/10.1086/298291
,1992, 'Optimal capital structure for a hierarchical firm', Journal of Financial Intermediation, 2, pp. 376 - 400, http://dx.doi.org/10.1016/1042-9573(92)90010-B
,1992, 'The Emerging Australian Manufacturing Export Response to Microeconomic Reform', Australian Journal of Management, 17, pp. 21 - 58, http://dx.doi.org/10.1177/031289629201700103
,1992, 'The interaction between financial and employment contracts: A formal model of Japanese Corporate Governance', Journal of The Japanese and International Economies, 6, pp. 247 - 274, http://dx.doi.org/10.1016/0889-1583(92)90023-W
,1990, 'Inflation drag or taxation in drag: Responsible for the rising share of government in Australian GDP?', Public Choice, 65, pp. 143 - 156, http://dx.doi.org/10.1007/BF00123795
,1990, 'Real Rates of Return in Electricity Supply: New South Wales, Tasmania and Victoria', Economic Record, 66, pp. 93 - 109, http://dx.doi.org/10.1111/j.1475-4932.1990.tb01711.x
,1989, 'CORPORATISATION, PRIVATISATION AND THE REGULATORY FRAMEWORK FOR THE ELECTRICITY SECTOR', Economic Papers, 8, pp. 55 - 69, http://dx.doi.org/10.1111/j.1759-3441.1989.tb01077.x
,1989, 'Economies of Scale and Utilization: An Analysis of the Multi‐Plant Generation Costs of the Electricity Commission of New South Wales, 1970/71–1984/85', Economic Record, 65, pp. 329 - 344, http://dx.doi.org/10.1111/j.1475-4932.1989.tb00686.x
,1988, 'The Political Economy of the Symbiosis between Labour Market Regulation and the Social Welfare System', Australian Journal of Management, 13, pp. 177 - 201, http://dx.doi.org/10.1177/031289628801300204
,1986, 'THE PRODUCTION OF CHILDREN AS CLAIMS ON THE STATE - A COMPREHENSIVE LABOR-MARKET APPROACH TO ILLEGITIMACY IN THE UNITED-STATES, 1960-1980', POPULATION INDEX, 52, pp. 398 - 398, http://dx.doi.org/10.2307/3643635
,1984, 'RESOURCE RENT TAX: THE ISSUES', Economic Papers, 3, pp. 1 - 10, http://dx.doi.org/10.1111/j.1759-3441.1984.tb00458.x
,1984, 'The Economics of Law: Economic Imperialism in Negligence Law, No‐Fault Insurance, Occupational Licensing and Criminology?', Australian Economic Review, 17, pp. 92 - 108, http://dx.doi.org/10.1111/j.1467-8462.1984.tb00460.x
,1983, 'THE CAMPBELL REPORT AND DEREGULATION', Economic Papers, 2, pp. 177 - 193, http://dx.doi.org/10.1111/j.1759-3441.1983.tb00263.x
,1983, 'Participation rules for Pareto-optimal clubs', Journal of Public Economics, 20, pp. 55 - 76, http://dx.doi.org/10.1016/0047-2727(83)90020-8
,1983, 'The Marginal Cost of Base‐Load Power: An Application to Alcoa's Portland Smelter', Economic Record, 59, pp. 332 - 344, http://dx.doi.org/10.1111/j.1475-4932.1983.tb00823.x
,1981, 'Durability and taxes: Market structure and quasi-capital market distortion', Econometrica, 49, pp. 425 - 435, http://dx.doi.org/10.2307/1913319
,1980, 'Alcoa: The influence of recycling on monopoly power', Journal of Political Economy, 88, pp. 76 - 99, http://dx.doi.org/10.1086/260848
,1980, 'PUBLIC-POLICY AND THE CORPORATION - KING,MA', ECONOMIC RECORD, 56, pp. 100 - 102, https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:A1980JX60200011&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=891bb5ab6ba270e68a29b250adbe88d1
,1980, 'The Mathews Report on Business Taxation:Rejoinder', Economic Record, 56, pp. 270 - 277, http://dx.doi.org/10.1111/j.1475-4932.1980.tb01678.x
,1979, 'Club participation under uncertainty', Economics Letters, 4, pp. 307 - 312, http://dx.doi.org/10.1016/0165-1765(79)90175-7
,1978, 'The Mathews Report on Business Taxation', Economic Record, 54, pp. 1 - 16, http://dx.doi.org/10.1111/j.1475-4932.1978.tb00312.x
,1977, 'Guaranteed market share arrangements in passenger motor vehicles', Australian Journal of Management, 2, pp. 149 - 160, http://dx.doi.org/10.1177/031289627700200204
,1977, 'PRODUCT DURABILITY UNDER MONOPOLY AND COMPETITION - REPLY', ECONOMETRICA, 45, pp. 229 - 235, http://dx.doi.org/10.2307/1913299
,1976, 'Income Taxes, Profit Taxes and Neutrality of Optimizing Decisions', Economic Record, 52, pp. 166 - 181, http://dx.doi.org/10.1111/j.1475-4932.1976.tb01576.x
,1976, 'OPTIMUM REPLACEMENT OF CAPITAL GOODS WITH LABOR-SAVING TECHNICAL PROGRESS - COMPARISON OF EARLY NEW ENGLAND AND BRITISH TEXTILE FIRM', JOURNAL OF POLITICAL ECONOMY, 84, pp. 1293 - 1303, http://dx.doi.org/10.1086/260513
,1975, 'The Coase Theorem and ‘Sequential‘ Pareto Optimality', Economic Record, 51, pp. 268 - 271, http://dx.doi.org/10.1111/j.1475-4932.1975.tb00249.x
,1974, 'USE OF ECONOMETRIC MODELS BY FEDERAL REGULATORY AGENCIES - STEELE,JL', JOURNAL OF BUSINESS, 47, pp. 456 - 457, http://dx.doi.org/10.1086/295662
,1973, 'Monopoly and competition in the market for durable goods', Review of Economic Studies, 40, pp. 333 - 351, http://dx.doi.org/10.2307/2296454
,1972, 'OPTIMUM DURABILITY, SECOND-HAND MARKETS, AND PLANNED OBSOLESCENCE', JOURNAL OF POLITICAL ECONOMY, 80, pp. 575 - 585, http://dx.doi.org/10.1086/259906
,1972, 'The influence of monopoly on product innovation: Rejoinder', Quarterly Journal of Economics, 86, pp. 346 - 349, http://dx.doi.org/10.2307/1880572
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