Sirca would like to congratulate Mathijs van Dijk and Dominik Rosch for producing their first paper using Thomson Reuters Tick History (TRTH). The Rotterdam School of Management recently undertook a subscription of TRTH through Sirca and are believed to be the first academics to undertake a study of the US equity markets using our dataset.
The paper can be found at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2062926
Congratulations gentleman, we look forward to more fine work!
Author Archives: SIRCA
Sirca’s new Chief Research Officer and Membership Research Committee
Sirca is committed to providing relevant data, workflow tools and expert support to enhance researcher productivity, with the ultimate aim of improving the international research standing of all our university members. In particular, we are keen to reach out to early career researchers and regional universities with limited research support capacity. In line with these goals Sirca has appointed a Chief Research Officer and a new Membership Research Committee to greatly strengthen our relevance to the ANZ financial research community.
Sirca’s new Chief Research Officer
Sirca is pleased to announce the appointment of Professor Terry Walter to the newly created role of Chief Research Officer (CRO). The CRO role has been created to provide students and junior staff at Sirca Member institutions access to additional research guidance and support. In the coming weeks Terry will be contacting discipline heads and supervisors to offer his services and arrange campus visits. The initial focus of the role will be at member institutions with limited research support capabilities relative to our larger members.
About Terry:
Terry Walter is well-known to a large number of academic staff in accounting and finance within our membership base. He has a wealth of experience spanning almost 40 years of academic teaching and research, primarily at the University of Western Australia, The University of Sydney, the University of New South Wales and most recently the University of Technology, Sydney (UTS). He will maintain a fractional appointment as a Professor of Finance at UTS in conjunction with his role as Sirca’s CRO. Throughout his academic career Terry has been generous in providing research- related suggestions to a huge number of academic staff, higher research degree students and visitors.
The Membership Research Committee
Sirca is also expanding member services through a series of other initiatives. Implementation of these additional member benefits, which are all directed at enhancing research training and research support, will be overseen by a newly created Membership Research Committee (MRC).
Sirca thanks the outstanding researchers who have accepted the invitation to serve on this committee:
Henk Berkman (University of Auckland)
Carole Comerton-Forde (ANU)
Mardi Dungey (University of Tasmania)
Robert Faff (University of Queensland)
Bruce Grundy (University of Melbourne)
Richard Heaney (University of Western Australia)
Petko Kalev (University of South Australia)
Dave Michayluk (UTS)
The MRC will be chaired by Charles Littrell, Executive General Manager of APRA, and also includes Kevin Davis, Research Director of the Australian Centre for Financial Studies. The MRC will join the CRO in providing advice to the Sirca CEO, Mike Briers, on funding support for research through research grants, best paper awards, travel support, conference sponsorships, and the FIRN Master Class. In addition Sirca will bring young researchers to Sydney twice per year so that they can present their papers at a young researcher workshop. Sirca is excited about the wealth of experience the MRC group brings to our membership services and looks forward to their assistance in providing expert advice in expanding our collaborative research support.
LinkedIn – Sirca Member’s Forum
We have created a group on LinkedIn for member communication. Member’s are encouraged to publish links to their working papers and discuss research topics and opportunities. Follow the link below to take you to the group. Membership is open to all Sirca members!
View Sirca’s Group
View Sirca’s Group Sirca – new member notification
Welcome to the University of New England, Sirca’s newest member!
Winners of Sirca research prize at the 24th Australasian Banking & Finance Conference
Sirca has been a long term supporter of the Australasian Finance and Banking Conference, organised by the Institute of Global Finance and School of Banking & Finance at the Australian School of Business at UNSW. For many years we have sponsored the Sirca research prize which recognises the best paper to have made use of Sirca data.
We have two sets of winners for the 2011 prize:
Serkan Honeine and Peter L. Swan, “What are the Determinants of Board Performance: Skin in the Game, Composition, Diversity Size?” (see http://goo.gl/MnqMF)
and
Chris Single and Russell Poskitt, “Why is US dollar bond funding for international banks more expensive?” (see http://goo.gl/mgYTf)
Congratulations to the winners and many thanks to the 26 other contenders.
We have two sets of winners for the 2011 prize:
Serkan Honeine and Peter L. Swan, “What are the Determinants of Board Performance: Skin in the Game, Composition, Diversity Size?” (see http://goo.gl/MnqMF)
and
Chris Single and Russell Poskitt, “Why is US dollar bond funding for international banks more expensive?” (see http://goo.gl/mgYTf)
Congratulations to the winners and many thanks to the 26 other contenders.
Gail Pemberton appointed as new Sirca Chairman
Reflecting Sirca’s mandate to develop and provide relevant global data and advanced tools to promote and enable financial research and innovation for universities, the Sirca Board comprises a representative mix of senior academic and financial sector professionals (see who is on the Sirca Board at http://www.sirca.org.au/about-sirca/sirca-board/). Two-thirds of the Sirca Board are elected by Member universities and one-third are independent Directors elected by the Board. The Board’s role is to oversee the governance and strategic direction of the company in order to ensure that the research interests of Member universities are met.
Gail Pemberton has been elected as the new Chairman of the Sirca Board. Gail’s appointment follows the stepping down of Sirca’s long-standing previous Chairman, John Masters. John will remain as a Director of the company.
Gail has been an independent Director of Sirca for several years, and has an impressive record of achievement in the finance/technology sector including group CIO and then COO for Macquarie Bank, and CEO of BNP Paribas Securities Services in Australia and New Zealand. Gail won a Centenary Medal for outstanding services to Australian business and currently holds various Board positions including Chairman of OneVue and Director of UXC, Baycorp, and the recently listed Onthehouse.com. As Chairman of Sirca, Gail’s close ties with the financial and technology sector will greatly assist Sirca achieve its ambitious agenda to provide world-class research support to the academic community, as well as to the regulatory and commercial sectors.
Sirca Corporate Governance database
Sirca has been tasked by UTS to manage the ongoing maintenance and development of their Australian corporate governance database (previously known as the “Henry” database). This initiative was started in the late 1990’s and records a wide range of variables for Australian listed companies, including company details, subsidiaries, shareholdings, auditors, directors (independence, remuneration, and committee membership), as well as compensation details including share option and bonus arrangements.
Sirca’s objectives are to make the database available via a flexible and simple user interface, and to work with our membership in order to cooperatively broaden the array of corporate governance attributes available via the database, such that it can become an even more valuable resource for the purposes of research into Australia and NZ company affairs. This database is expected to be formally released in early 2012.
This initiative is a great example of how Sirca can work with member universities to ensure that databases, previously managed and maintained by individual institutions, or small groups of academics, can be leveraged as a resource available to all Sirca members, whilst benfitting from Sirca’s software and data curation expertise.
The value of the Corporate Governance database is evidenced by the work of UTS staff and PhD students over the past years that has referenced the database, including:
Loyeung, A, Z. Matolcsy and P. Wells, 2011, The association between CFO talent and compensation – at CAR
Loyeung, A, J. Weber, Z. Matolcsy and P. Wells, 2011, An analysis of the accounting errors that arise during the transition to IFRS – at JAE
Christy, J, Z. Matolcsy, A. Wright and A. Wyatt, 2011, The association between board characteristics and stock returns for large and small firms – at Abacus
Brown, P, Z. Matolcsy and P. Wells, 2011, Group versus individual compensation schemes for senior executives and firm performance – at CAR
Vanza, S., P. Wells and A. Wright, 2011, Asset impairment and the disclosure of private information – at JBFA – revise and resubmit
Matolcsy, Z. J. Tyler and P. Wells, 2011, The impact of quasi-regulatory reform on boards and their committees during the period 2001-2007, Australian Accounting Review, forthcoming
Matolcsy, Z. J. Tyler and P. Wells, 2011, Is continuous disclosure associated with board independence, Australian Journal of Management, forthcoming
Matolcsy, Z.P. & Wright, A. 2011, ‘CEO compensation structure and firm performance’, Accounting & Finance, vol. 51, no. 3, pp. 745-763
Bugeja, M. 2011, ‘Foreign takeovers of Australian listed entities’, Australian Journal of Management, vol. 36, no. 1, pp. 89-107
Matolcsy, Z.P., Riddell, S.J. & Wright, A. 2009, ‘Alternative explanations for the association between market values and stock-based compensation expenditure’, Journal of Contemporary Accounting and Economics, vol. 5, no. 2, pp. 95-107
Lim, S., Matolcsy, Z.P. & Chow, D. 2007, ‘The Association Between Board Composition And Different Types Of Voluntary Disclosure’, European Accounting Review, vol. 16, no. 3, pp. 555-583
Matolcsy, Z.P. & Wright, A. 2007, ‘Australian CEO compensation: The descriptive evidence’, Australian Accounting Review, vol. 17, no. 3, pp. 47-59
Matolcsy, Z.P. & Wright, A. 2006, ‘Are we paying our CEOs too much?’, JASSA, vol. Summer, no. 4, pp. 27-31
Linden, P. & Matolcsy, Z.P. 2004, ‘Corporate governance scoring systems: what do they tell us?’, Australian Accounting Review, vol. 14, no. 1, pp. 9-16
Matolcsy, Z.P., Stokes, D. & Wright, A. 2004, ‘Do independent directors add value?’, Australian accounting Review, vol. 14, no. 1, pp. 33-40
Please contact us if you would like additional information about the Corporate Governance database, or if you would like to talk to Sirca about how we can help with similar projects which you, or your university are pursuing.
Sirca’s objectives are to make the database available via a flexible and simple user interface, and to work with our membership in order to cooperatively broaden the array of corporate governance attributes available via the database, such that it can become an even more valuable resource for the purposes of research into Australia and NZ company affairs. This database is expected to be formally released in early 2012.
This initiative is a great example of how Sirca can work with member universities to ensure that databases, previously managed and maintained by individual institutions, or small groups of academics, can be leveraged as a resource available to all Sirca members, whilst benfitting from Sirca’s software and data curation expertise.
The value of the Corporate Governance database is evidenced by the work of UTS staff and PhD students over the past years that has referenced the database, including:
Loyeung, A, Z. Matolcsy and P. Wells, 2011, The association between CFO talent and compensation – at CAR
Loyeung, A, J. Weber, Z. Matolcsy and P. Wells, 2011, An analysis of the accounting errors that arise during the transition to IFRS – at JAE
Christy, J, Z. Matolcsy, A. Wright and A. Wyatt, 2011, The association between board characteristics and stock returns for large and small firms – at Abacus
Brown, P, Z. Matolcsy and P. Wells, 2011, Group versus individual compensation schemes for senior executives and firm performance – at CAR
Vanza, S., P. Wells and A. Wright, 2011, Asset impairment and the disclosure of private information – at JBFA – revise and resubmit
Matolcsy, Z. J. Tyler and P. Wells, 2011, The impact of quasi-regulatory reform on boards and their committees during the period 2001-2007, Australian Accounting Review, forthcoming
Matolcsy, Z. J. Tyler and P. Wells, 2011, Is continuous disclosure associated with board independence, Australian Journal of Management, forthcoming
Matolcsy, Z.P. & Wright, A. 2011, ‘CEO compensation structure and firm performance’, Accounting & Finance, vol. 51, no. 3, pp. 745-763
Bugeja, M. 2011, ‘Foreign takeovers of Australian listed entities’, Australian Journal of Management, vol. 36, no. 1, pp. 89-107
Matolcsy, Z.P., Riddell, S.J. & Wright, A. 2009, ‘Alternative explanations for the association between market values and stock-based compensation expenditure’, Journal of Contemporary Accounting and Economics, vol. 5, no. 2, pp. 95-107
Lim, S., Matolcsy, Z.P. & Chow, D. 2007, ‘The Association Between Board Composition And Different Types Of Voluntary Disclosure’, European Accounting Review, vol. 16, no. 3, pp. 555-583
Matolcsy, Z.P. & Wright, A. 2007, ‘Australian CEO compensation: The descriptive evidence’, Australian Accounting Review, vol. 17, no. 3, pp. 47-59
Matolcsy, Z.P. & Wright, A. 2006, ‘Are we paying our CEOs too much?’, JASSA, vol. Summer, no. 4, pp. 27-31
Linden, P. & Matolcsy, Z.P. 2004, ‘Corporate governance scoring systems: what do they tell us?’, Australian Accounting Review, vol. 14, no. 1, pp. 9-16
Matolcsy, Z.P., Stokes, D. & Wright, A. 2004, ‘Do independent directors add value?’, Australian accounting Review, vol. 14, no. 1, pp. 33-40
Please contact us if you would like additional information about the Corporate Governance database, or if you would like to talk to Sirca about how we can help with similar projects which you, or your university are pursuing.
Sirca Research Prize at the Australasian Banking & Finance Conference
Sirca is delighted to once again be supporting the Australasian Banking & Finance Conference organised by the Institute of Global Finance and the Australian Business School at the University of New South Wales. We will be on site at the conference showing delegates the latest line up of Sirca resources for member and subscribing universities. We will also once again be supporting a research prize, which will be awarded to the best paper which has used Sirca data.
The 24th Australasian Banking & Finance conference, takes place in Sydney between 13th and 16th December. For further details about the conference, see: goo.gl/6MzIM
The 24th Australasian Banking & Finance conference, takes place in Sydney between 13th and 16th December. For further details about the conference, see: goo.gl/6MzIM
Sirca – new member notification
Welcome to the University of Ballarat, Sirca’s newest member!
ASX PureMatch
Continuing the theme of adding new Australian equities coverage to our Ausequities database, we confirm that the new ASX PureMatch feed will be incorporated into Ausequities. We need to complete a few tasks to get this feeding into Ausequities, we estimate that this will be achieved by end January 2012.
AusEquities will show the PureMatch instrument code with an “_APM” suffix, for example BHP_APM, which will show the PureMatch market data for that instrument. We will post again when this work is complete.
