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Tony Naughton

Publications
Tony Naughton published more than 100 journal.

Under review/revision/in progress
 * 1) Sy M., R. Heaney, T. Naughton, D. Hollander and T. Hallahan, Bank Failure Prediction: Empirical Evidence from Asian Banks – Impact of Derivatives and Other Balance Sheet Items. Revise and resubmit, Journal of Banking and Finance.
 * 2) Hermalin B., L. Li, and T. Naughton, The Welfare Consequences of Legal System Improvement. Under review, Journal of Law, Economics and Organization.
 * 3) Moosa I., L.Li and T. Naughton, Operational Risk, the Legal System and Governance Indicators: A Country-Level Analysis. Under review. Journal of Financial and Quantitative Analysis
 * 4) Heaney R., T. Naughton, S. Davidson, T. Fry and M. McKenzie, The Relationship Between the Size and Composition of the Group of Officers and Directors in a Firm and its Performance: China, UK and the USA. Awaiting submission.
 * 5) Ramiah V., T. Naughton, and M. Veeraraghavan, Are Momentum Strategies Profitable? Evidence from Singapore. Awaiting submission.
 * 6) Naughton T., M. O. Sy and V. Ramiah, Momentum Strategies for Equity Versus Derivatives: Application to Asian Portfolio Management, Awaiting submission.

Major publications
 * 1) Mugwagwa T., V. Ramiah, T. Naughton and I. Moosa (2012), The Efficiency of the BuyWrite Strategy: Evidence from Australia, Journal of International Financial Markets, Institutions and Money. (Forthcoming).
 * 2) Moosa I., L. Li and T. Naughton (2011), Robust and Fragile Firm-Specific Determinants of the Capital Structure of Chinese Firms, Applied Financial Economics, 21:18, 1331-1343.
 * 3) Ramiah V., K. Y. Cheng, J. Orriols, T. Naughton and T. Hallahan (2011), Contrarian Investment Strategies Work Better for Dually-Traded Stocks: Hong Kong Evidence, Pacific-Basin Finance Journal, 19:1, 140-156.
 * 4) Ramiah V., T. Mugwagwa, and T. Naughton (2011), Hot and Cold Strategies: Australian Evidence, Review of Pacific Basin Financial Markets and Policies, 14:2, 1-25.
 * 5) Ma S., T. Naughton and G. Tian (2010),Ownership and ownership concentration: which is important in determining the performance of China’s listed firms? Accounting and Finance, 50: 4, 871-897.
 * 6) Li L., T. Naughton and M. Hovey (2009), A review of corporate governance in China, Chapter 17 in F. J. Lopez Iturriaga (Ed), Codes of Good Governance Around the World, Nova Science Publishers, New York. ISBN: 978-1-60741-141-3
 * 7) Moosa I., T. Naughton and L. Li (2009), Exchange Rate Regime Verification: Has China Actually Moved from a Dollar Peg to a Basket Peg? Economia Internazionale, LXII: 1, 41-67.
 * 8) Naughton T., C. Truong, and M. Veeraraghavan (2008), Momentum Strategies and Stock Returns: Chinese Evidence, Pacific-Basin Finance Journal, 16: 4, 476-492. (Science Direct Top 25 – number one most downloaded paper from the journal July-September 2008).
 * 9) Li L., J. Fowler and T. Naughton (2008), Short Term Equity Returns of Chinese IPOs, 1999 to 2004: Excess Demand, Social Policy and Wealth Effects, Journal of Emerging Market Finance, 7: 2, 197-214.
 * 10) Li L. and T. Naughton (2007), Going Public with Good Governance: Evidence from China, Corporate Governance: An International Review, 15: 6, 1190-1202.
 * 11) Hovey M. and T. Naughton (2007), A Survey of Enterprise Reforms in China: The Way Forward, Economic Systems, 31: 2, 138-156. (Science Direct top 25 most downloaded papers from all Economics, Econometrics & Finance journals – number 25 April-June 2007 and most downloaded paper from the journal April-June and July-September 2007).
 * 12) Heaney R., T. Naughton, T. Truong, S. Davidson, T. Fry and M. McKenzie (2007), The Link Between Performance and Changes in the Size and Stability of a Firm’s Officers and Directors, Journal of Multinational Financial Management, 17, 16-29.
 * 13) Drew M.E., M. Mallin, T. Naughton and M. Veerarghavan (2006), Idiosyncratic volatility and security returns: Evidence from Germany and United Kingdom, Studies in Economics and Finance, 23: 2, 80-93. (2007 Emerald Literati Network Citation for Excellence – Highly Commended)
 * 14) Drew M., T. Naughton and M. Veeraraghavan (2005), Pricing of Equities in China: Evidence from the Shanghai Stock Exchange, Managerial Finance, 31: 12, 46-57
 * 15) Naughton T. and M. Veeraraghavan (2005), A multifactor model explanation of the crosssection of expected stock returns: evidence from Indonesia, Singapore and Taiwan, Finance India, XIX: 1, 135-157.
 * 16) Drew M., T. Naughton and M. Veeraraghavan (2004), Is Idiosyncratic Volatility Priced? International Review of Financial Analysis, 13: 3, 349-366.
 * 17) Naughton T. and M. Veeraraghavan (2004), Are Price Limits Priced? Evidence from Taiwan, Journal of Emerging Market Finance, 3: 3, 249-267.
 * 18) Drew M., T. Naughton and M. Veeraraghavan (2003), Firm Size, Book-to-Market Equity and Security Returns: Evidence from the Shanghai Stock Exchange, Australian Journal of Management, 28: 2, 119-139.
 * 19) Hovey M., Li. Li and T. Naughton (2003), The Relationship between Valuation and Ownership of Listed firms in China, Corporate Governance: An International Review, 11:2, 112-122.
 * 20) Murgulov Z. and T. Naughton (2002), New Economy Initial Public Offerings in Australia, Accounting, Accountability & Performance, 8:1, 21-59.
 * 21) Naughton T. (2002), Corporate Governance: An International Perspective, Professorial Lecture Series Monograph, Griffith University, Brisbane.
 * 22) Naughton S. and T. Naughton (2000), Religion, Ethics and Stock Trading: the Case of an Islamic Equities Market, Journal of Business Ethics, 23: 2, 145-159.
 * 23) Hovey M. and T. Naughton (2000), Financial Sector Reform in China. Chapter 5 in C. Harvie (Ed.), Contemporary Developments and Issues in China’s Economic Transition, Macmillan, London, 101-136
 * 24) Harvie C. and T. Naughton (2000), Corporate governance and state owned enterprise reform, Chapter 3 in C. Harvie (ed), Contemporary Developments and Issues in China’s Economic Transition, Macmillan, London, 45-70.
 * 25) Naughton T. (2000), Taiwan, an island state with economic insulation, Chapter 10 in Harvie C. and J. Tran Van Ho, Causes and Impact of the Asian financial crisis. St. Martin’s Press/Macmillan, London, 118-126.
 * 26) Naughton T. (1999), The role of stock markets in the Asian Pacific region, Asian Pacific Economic Literature, 13: 1, 22-35.
 * 27) Naughton T. (1999), Taiwan. Chapter 10 in Asia’s Financial Markets: Capitalising on Reform, East Asia Analytical Unit, Department of Foreign Affairs, Canberra, 239-259.
 * 28) Naughton T. and M. Hovey (1999), Non-Bank Financial Institutions. Chapter 6 Asia’s Financial Markets: Capitalising on Reform, East Asia Analytical Unit, Department of Foreign Affairs, Canberra, 139-158.
 * 29) Naughton T. and S-L Chan (1998), Strategic Dimensions of Correspondent Banking, International Journal of Bank Marketing, 16: 4, 153-160.
 * 30) Naughton T. (1998), Relationships in Equity Markets in the Asia-Pacific Region, Chapter 21 in A. Levy, Handbook on the Globalisation of the World Economy, Edward Elgar, London, 582-595.
 * 31) Naughton T. (1996), A Factor Analysis of Equity Market Relationships in Asia. Applied Economics Letters, Vol. 3, No. 11, 725-728.
 * 32) Naughton T. and C. Harvie (1996), The Performance of Foreign Banks in a Deregulated Environment: Evidence from Australia and Korea, Economic Papers, 15: 1, 57-75.
 * 33) Naughton T. and Teoh Hai Yap (1995), Foreign Exchange Risk Strategies of Australian Firms, Advances in Pacific Basin Financial Markets, Vol. 1, 173-195. Wu S., T. Naughton and H. Chung (1995), The Impact of Price Limit Changes on Market Volatility in Taiwan, Advances in Pacific Basin Financial Markets,Vol. 1, 157-166.
 * 34) Lowe J., T. Naughton and P. Taylor (1995), The Impact of Corporate Strategy on the Capital Structure of Australian Companies, Managerial & Decision Economics, Vol. 15, 245-257.
 * 35) Naughton T. and M. Theobald (1993), Pricing Securities with Embedded Options in the Context of Price Limits: A Study of Taiwan, Research in International Business & Finance, Vol. X, 277-292.
 * 36) Naughton T. and A. Tahir (1993), Islamic Banking, Chapter in M. Zaman (Ed.), Banking and Finance: Islamic Concept, International Association of Islamic Banks, London.
 * 37) Lowe J. and T. Naughton (1993), Understanding the Australian Management Buyout Market, Economic Papers, Vol. 12, No. 2, 97-108.
 * 38) Naughton T. and B. Shanmugam (1990), Interest-Free Banking: A Case Study of Malaysia, National Westminster Bank Quarterly Review, February, 16-32. (Above article reprinted in, Journal of Islamic Banking & Finance (1990), 7:3).
 * 39) Naughton T. and A. Tahir (1988), Islamic Banking and Financial Development, Journal of  Islamic Banking & Finance, 5:2, 60-76. (Above article reprinted in Unisia, Indonesia, (1988), 2: II.)
 * 40) Naughton T.(1985), The Socio-Economic Performance of the Co-operative Movement in Tonga, University of the South Pacific Review, 5:12, 18-28.
 * 41) Lyons L., T. Naughton and M. White (1984), Current Research Trends in the South West Pacific - Accounting: a 1st World System in a 3rd World Society, Journal of Pacific Studies, Vol. 9, 285-299.
 * 42) Naughton T.(1984), Co-operatives in Fiji - a Positive Approach to Assessment, University of the South Pacific Review, 5:11, 46-50.
 * 43) Naughton T.(1984), Rotuma a Lesson in Co-operative Management, Pacific Journal of Management, 2:1, 40-46.
 * 44) Naughton T.(1981), Business Management for Co-operatives and Community Enterprises, Commonwork Publications, Kent
 * 1) Lyons L., T. Naughton and M. White (1984), Current Research Trends in the South West Pacific - Accounting: a 1st World System in a 3rd World Society, Journal of Pacific Studies, Vol. 9, 285-299.
 * 2) Naughton T.(1984), Co-operatives in Fiji - a Positive Approach to Assessment, University of the South Pacific Review, 5:11, 46-50.
 * 3) Naughton T.(1984), Rotuma a Lesson in Co-operative Management, Pacific Journal of Management, 2:1, 40-46.
 * 4) Naughton T.(1981), Business Management for Co-operatives and Community Enterprises, Commonwork Publications, Kent

Other publications
 * 1) Weston R. and T. Naughton (2005), Reputation in Financial Services, (Editorial) Journal of Financial Services Marketing, 9:3, 202-203.
 * 2) Naughton T. (2002), The Winner is…. Behavioural Finance? (Editorial) Journal of Financial Services Marketing, 7:2, 110-111.
 * 3) Naughton T. (1997), Is an Islamic Stock Market Viable? New Horizon, 61, 2-4.
 * 4) Naughton T., J. Lowe and A. B. Sim (1991), Understanding the Capital Structure Puzzle: A New Approach Using Corporate Strategy, The Australian Banker, April, 105:2, 96-98.
 * 5) Naughton T. (1988), Interest-Free Banking: the Challenge from the Middle East Moves Closer, The Australian Banker, 102:2, 55-57.
 * 6) Naughton T. (1984), Accounting: Leaping the Barriers, Islands Business, 10: 6, 56-58.
 * 7) Naughton T. (1984), Leasing Runs into Trouble, Islands Business, 10: 1, 45-51.
 * 8) Naughton T. (1984), Equipment Leasing in Fiji - The Taxation Dilemma, Fiji Accountant, January 2-5.
 * 9) Naughton T. (1978), The New Cooperatives - Auditing and Accounting Requirements, Accountants Weekly, 6: 53, 18-19.
 * 10) Naughton T. (1978), Developments in Reporting Requirements: Value Added Statements, The International Accountant, 48: 2, 19-20.
 * 11) Naughton T. (1978), Three Tiers for the Future? Certified Accountants Newsletter, 3: 3, 6.
 * 12) Naughton T. (1977), Accounting Theory: The Objectives of Financial Statements, The Accountant, 177: 5356, 295-6.

Conference papers
 * 1) Ma S., T. Naughton and G. Tian (2010), Ownership and ownership concentration: which is important in determining the performance of China’s listed firms? Multinational Finance Society Conference, Barcelona, 28-30 June.
 * 2) An Y. H. and T. Naughton (2009), The impact of family ownership on firm value and earnings quality: Evidence from Korea, European Financial Management Association Conference, Milan, 24-27 June.
 * 3) L. Liu and T. Naughton (2009), Cross-Listing, Corporate Governance and Firm Performance: An Empirical Study on the Bonding Hypothesis, Journal of Corporate Finance Special Conference on Emerging Markets, Beijing, 23-25 August.
 * 4) Ramiah V., K. Y. Cheng, J. Orriols, T. Naughton and T. Hallahan (2008), Contrarian Investment Strategies Work Better for Dually-Traded Stocks: Hong Kong Evidence. International Conference on Corporate Governance and Financial Integration Taipei, 16 May.
 * 5) Moosa I., T. Naughton and L. Li (2008), Exchange Rate Regime Verification: Has China Actually Moved from a Dollar Peg to a Basket Peg? 15th Global Finance Conference, Hangzhou, 18-20 May. (voted one of the “Top Ten” papers of the conference). (An earlier version of the paper was presented at the 12th FINSIA/MCFS Banking & Finance Conference, Melbourne, 24 - 25 September 2007).
 * 6) Marsden A., T. Naughton, M. Veeraraghavan and Z. Zhu (2007), The Relationship between Debt and Nontradable Shares in China, European Financial Management Association Conference, Vienna, 27-30 June.
 * 7) Cole R., C. Corrado, L. Li, T. Naughton and M. Veeraraghavan (2006), The End of NonTradable Shares in China, 11th Banking & Finance Conference, Melbourne, 25-26 September.
 * 8) Ramiah V., T. Naughton and M. Veeraraghavan (2006), First and Second Board Momentum Strategies in Singapore, 13th Global Finance Conference, Rio de Janeiro, 26-28 April.
 * 9) Li L. and T. Naughton (2006), Corporate Governance and the Aftermarket of IPOs in China, 13th Global Finance Conference, Rio de Janeiro, 26-28 April. Naughton T. (2005), Keynote Address, Corporate Governance in China, Financial Market Reform and Risk Prevention 2005 International Symposium, Shanghai, 26-27 November.
 * 10) Hovey M. and T. Naughton (2005) Enterprise Reforms in China: The Way Forward, FIRN Symposium, Corporate Governance: Practice, Theory and Empirical Issues, Melbourne 21 November.
 * 11) Li L. and T. Naughton (2005), Going Public with Good Governance: Evidence from China, FIRN Symposium, Corporate Governance: Practice, Theory and Empirical Issues, Melbourne 21 November.
 * 12) Marsden A., T. Naughton, M. Veeraraghavan and Z. Zhu (2005), Ownership Structure and Capital Structure: Evidence from China, FIRN Symposium, Corporate Governance: Practice, Theory and Empirical Issues, Melbourne 21 November.
 * 13) Heaney R., T. Naughton, S. Davidson, T. Fry and M. McKenzie (2005), The relationship between the size and stability of the firm’s officers and directors and its performance. Evidence for China, UK and the USA, 3rd International Conference on Corporate Governance, Birmingham, 4 July.
 * 14) Heaney R., T. Naughton, T. Truong, S. Davidson, T. Fry and M. McKenzie (2005), The Link Between Performance Size and Changes in the Size and Stability of a Firm’s Officers and Directors. 12th Global Finance Conference, Dublin, 27-29 June.
 * 15) Li L., J. Foster and T. Naughton (2005), Short Term Equity Returns of Chinese IPOs, 1998 to 2001: Excess Demand, Social Policy and Wealth Effects. 12th Global Finance Conference, Dublin, 27-29 June.
 * 16) Davidson S., R. Heaney, T. Fry, T. Naughton, M. McKenzie and T. Truong (2004), The Link Between Performance and Changes in the Number of Directors and Officers in the Firm: An International Comparison of Corporate Governance Outcomes, Proceedings CD AIBF Conference, Melbourne 30 September-1 October.
 * 17) Truong C., M. Veeraraghavan and T. Naughton (2004), Yes, Momentum Strategies Work!, Proceedings CD Emerging Financial Markets and Services Conference, Sydney 28-29 May.
 * 18) Drew, Michael E., Tony Naughton, and Madhu Veeraraghavan (2003), Firm Size, Book-toMarket Equity and Security Returns: Evidence from the Shanghai Stock Exchange, 2003 Financial Management Association European Meeting, Dublin, 5-6 June. An earlier version of the above paper also presented at the Symposium on Stock Markets, Risk, Return and Pricing, Queensland University of Technology/Economics Society of Australia, Brisbane 16 December, 2002 and the 15th Australasian Finance and Banking Conference, Sydney 16-18 December 2002.
 * 19) Naughton T. (2002), Keynote Address, Corporate Governance: An International Perspective, International Conference on Corporate Governance, Kuala Lumpur, 29-30 October.
 * 20) Naughton T. and M. Hovey (2002), What Part do Securities’ Markets Play in Advancing Corporate Governance in Asia?, Proceedings CD of the Econometric Society Australasian Meeting, Brisbane, 7-10 July.
 * 21) Hovey M., L. Li and Naughton T. (2000), Corporate Governance Issues: A Case Study of China, Proceedings of the 2000 Finance Educators Conference, Melbourne, 30 November, 106-121.
 * 22) Naughton T., M. Veeraraghavan and L. Thalib (2000), Explaining Anomalies in the CrossSection of Expected Stock Returns: Evidence from Indonesia, Singapore and Taiwan, Proceedings of the 2000 Finance Educators Conference, Melbourne, 30 November, 202-240.
 * 23) Li L., Hovey M. and Naughton T. (2000), Firm Valuation and Corporate Governance in China, 7th Asia Pacific Finance Association Conference Book of Abstracts, Shanghai, 24-26 July, p105.
 * 24) Naughton T. (1999), Corporate Governance and Enterprise Reform in China, Proceedings of the British Academy of Management 1999 Conference, Manchester, 1-3 September, 1382.
 * 25) Naughton T. and M. Hovey (1999), Recent Developments in Non-Bank Financial Institutions in Asia, 6th Asia Pacific Finance Association Conference, Melbourne, 12-14 July.
 * 26) Harvie C. and T. Naughton (1998), Corporate Governance, Ownership Change and the Performance of China’s State Owned Enterprises. Annual Conference of the Academy of International Business Southeast Asia Region (AIBSEAR), on "Succeeding in the Emerging Asia: Economic, Managerial and Business Perspectives from Insiders and Outsiders”, Nanning, China, October, 345-366
 * 27) Naughton S. and T. Naughton (1998), Speculation in Stock and Derivative Markets, Book of Abstracts of the 10th Pacific Basin Finance Conference, Kuala Lumpur, 26-28 October, 12.
 * 28) Naughton T. (1997), The Speed of Adjustment of Stock Prices in Taiwan, Proceedings of the 4th Japanese Association of Financial Econometrics and Engineering International Conference, Tokyo, July, 561-573.
 * 29) Naughton T.(1996), A Study of Price Adjustment Coefficients in a Market with Price Limits, Book of Abstracts 1996 APFA/8th Pacific Basin Finance Conference, Taipei, July, 124.
 * 30) Chan S-L and T. Naughton (1996), The Strategic Use of International Correspondent Banking in Major Australian Banks. Proceedings of the 3rd International Conference on Economics in Business and Government, Brisbane, July, 640-649.
 * 31) Chan S-L and T. Naughton (1995), Correspondent Banking: the Quiet Resurgence. Proceedings of the Australian Institute of Bankers Conference, Melbourne, July, 287-307.
 * 32) Wu S., T. Naughton and H. Chung (1995), Market, Size Effect, Price Limit and Stock Excess Return in Taiwan, Book of Abstracts 7th Pacific Basin Finance Conference, Manila, July., p82.
 * 33) Naughton T. and C. Harvie (1994), The Performance of Foreign Banks in Australia and Korea., Book of Abstracts 6th Pacific Basin Finance Conference, Jakarta, July. p55.
 * 34) Naughton T. and N. A. Yakob (1993), Listing an Islamic Bank on the Stock Market: A Case Study of Bank Islam Malaysia Berhad. Inaugural International Islamic Banking Conference, Sydney, 9-10 November. Proceedings 181-198.
 * 35) Naughton T. and Teoh Hai Yap(1993), Foreign Exchange Risk Management in Multinational Firms. Proceedings of the 8th North American Economics and Finance International Congress, Jamaica, West Indies, 6-8 August, 231-239.
 * 36) Naughton T. and Teoh Hai Yap (1993), Foreign Exchange Risk Strategies in Australia. Book of Abstracts 5th Pacific-Basin Finance Conference, Kuala Lumpur, July, p75.
 * 37) T. Naughton, C. Harvie and W. D. Lee (1993), Foreign Banks in a Deregulated Environment: Evidence from Australia and Korea. Proceedings of the Australian Institute of Bankers Conference, Melbourne, 5-6 July, 630-654.
 * 38) Wu S., T. Naughton and H. Chung (1992), Price Limits and Market Volatility in Taiwan: Evidence from an ARCH Model. 4th Pacific-Basin Finance Conference, Hong Kong, 5-8 July.
 * 39) Naughton T. and Teoh Hai Yap (1991), Foreign Exchange Risk Strategies of Australian Firms. 4th Australasian Finance & Banking Conference, Sydney, 28-29 November.
 * 40) T. Naughton and J. Lowe (1991), Understanding the Australian Management Buyout Market. Proceedings of the Australian Institute of Bankers Finance & Banking Conference,Melbourne, 1-2 July, 222-239.
 * 41) Theobald M. and T. Naughton (1991), Pricing Securities with Embedded Options in the Context of Price Limits: A Study of Taiwan. 3rd Pacific-Basin Finance Conference, Seoul, Korea, 3-5 June.
 * 42) Naughton T., J. Lowe and A. B. Sim (1990), The Impact of Corporate Strategy on the Capital Structure of Australian Companies. 2nd Pacific-Basin Finance Conference, Bangkok, Thailand, 4-6 June.
 * 43) T. Naughton and B. Shanmugam (1989), Recent Developments in Malaysian Banking. Proceedings of the Asia-Pacific Financial Markets Conference, National University of Singapore, 14-16 November, 575-592.
 * 44) Naughton T., M. Jones and A. B. Sim (1989), Corporate Strategy & Capital Structure: Australian Evidence. 2nd Australasian Finance & Banking Conference, Sydney, 30 November - 1 December.
 * 45) Naughton T.(1988), Islamic Banking: Current Issues & Future Prospects. Inaugural Australasian Finance & Banking Conference, Sydney, 1-2 December.
 * 1) Naughton T., J. Lowe and A. B. Sim (1990), The Impact of Corporate Strategy on the Capital Structure of Australian Companies. 2nd Pacific-Basin Finance Conference, Bangkok, Thailand, 4-6 June.
 * 2) T. Naughton and B. Shanmugam (1989), Recent Developments in Malaysian Banking. Proceedings of the Asia-Pacific Financial Markets Conference, National University of Singapore, 14-16 November, 575-592.
 * 3) Naughton T., M. Jones and A. B. Sim (1989), Corporate Strategy & Capital Structure: Australian Evidence. 2nd Australasian Finance & Banking Conference, Sydney, 30 November - 1 December.
 * 4) Naughton T.(1988), Islamic Banking: Current Issues & Future Prospects. Inaugural Australasian Finance & Banking Conference, Sydney, 1-2 December.

Working papers
 * 1) Drew, M.E., T. Naughton and M. Veerarghavan (2003), Is Idiosyncratic Volatility Priced? Evidence from the Shanghai Stock Exchange, Queensland University of Technology, Economics, Finance & International Competitiveness Discussion Papers, No. 138. ISSN: 1432-5910.
 * 2) Drew, Michael E., Tony Naughton and Madhu Veeraraghavan (2003), Asset Pricing in China: Evidence from the Shanghai Stock Exchange, Discussion Paper No 128, Discussion Papers in Economics, Finance and International Competitiveness, School of Economics and Finance, Queensland University of Technology, ISSN: 1324-5910.
 * 3) Wu S., T. Naughton and H. Chung (1992), Price Limits and Market Volatility in Taiwan:  Evidence from an ARCH Model, School of Banking & Finance, University of New South Wales, Working Paper Series, No. 49.
 * 4) Naughton T., J. Lowe and A. B. Sim (1991), The Impact of Strategy on Capital Structure Dept. of Accounting & Finance, University of Birmingham, Working paper No. 2.

PHD students
Current PhD Supervision:
 * 1) J. Zhou, PhD in Finance, RMIT. Investor protection and corporate governance in family firms: Evidence from China (Second supervisor) – passed awaiting award of degree.
 * 2) V. Kapoor, PhD in Finance, RMIT. Executive Compensation and Firm Performance (Principal supervisor).

Completed PhD supervision
 * 1) 2012. H. Hassan, PhD in Finance, RMIT. Corporate Governance Mechanisms and Firm Value.
 * 2) 2011. X. Wang, PhD in Finance, RMIT. Short Selling restrictions during the Global Financial Crisis.
 * 3) 2011. A. Madhou, PhD in Finance, RMIT. Development of a Risk-Adjusted Working Capital Model.
 * 4) 2011. T. Mugwagwa, PhD in Finance, RMIT. Can Options be used to Enhance Equity Returns?
 * 5) 2011. L. Liu, PhD in Finance, RMIT. Chinese Cross-Listing.
 * 6) 2011. Y. Zhao, PhD in Finance, RMIT. Contemporary Working Capital Practices in Australia.
 * 7) 2009. Y. Han An, PhD in Finance, RMIT. Earnings Quality and Family Ownership in Korea.
 * 8) 2006. Y. Wang, PhD in Finance, RMIT. Topic: The Diversification Benefits and the Risk and Return in the Chinese A-share Market.
 * 9) 2006. L. Li, PhD in Accounting & Finance, Griffith. Topic: IPO Pricing and Corporate Governance.
 * 10) 2005. M. Hovey, PhD in Accounting & Finance, Griffith. Topic: Alternative Corporate Governance models in China.
 * 11) 2003. M. Veeraragavan, PhD in Accounting & Finance, Griffith. Topic: Multifactor Asset Pricing Models in Asian markets.
 * 12) 2001. L. S-L Chan, PhD in Management, University of Wollongong. Topic: An Empirical Study of International Correspondent Banking.
 * 13) 2001. N. Subramanian, PhD in Accounting & Finance, Griffith. Topic: Budgeting and Performance.