AUT - Alireza Tourani-Rad

AUT

Professor Alireza Tourani-Rad

Staff Profile Image of Alireza Tourani-Rad

Professor and Head of Department of Finance

Phone: :+64 9 921 9999 - ext: 5336

Email: tourani@aut.ac.nz

Qualifications:

  • Ph.D
  • Master of Business Administration
  • Bachelor of Science

Memberships and Affiliations:

Member of the Australian-New Zealand Shadow Financial Regulatory  Committee (ANZSFRC), 2006-present
Fellow of FINSIA (Financial Services Institute of Australasia)
Co-Regional Director, Global Association of Risk Professionals (GARP), New Zealand, 2004-present

Teaching Areas:

  • Corporate Finance
  • Investment and Portfolio
  • International Finance
  • Corporate Governance

Research areas:

  • Corporate Finance and Governance
  • Investments Analysis
  • Fund Performance
  • Financial Markets
  • International Finance

Research Summary:

Professor Tourani-Rad  has published extensively, in excess of seventy  five refereed articles, covering financial markets, corporate finance and governance, investment analysis, and mutual fund performance. Professor Tourani-Rad was named one of the most prolific authors in finance, ranked among the top 2% worldwide ["Prolific Authors in the Finance Literature: A Half Century of Contributions", 2005, Journal of Finance Literature].

Current Research Projects:

  • Culture and Acquisition
  • Corporate Governance and Firm Valuation
  • Integration of Financial Markets and Political Crisis
  • Global Financial Crisis
  • Insider Trading
  • Cross Listings

Publications:

  • “Uncertainty Avoidance, Risk Tolerance and Corporate Takeover Decisions”, accepted and forthcoming Journal of Banking and Finance, 2013 (with B. Frijns, A. Gilbert, and T. Lehnert).
     
  • “Contemporanous spill-over among equity, gold, and exchange rate implied volatility indices”, accepted and forthcoming, Journal of Futures Markets, 2013 (with I. Badshah and B. Frijns).

  • “Do criminal sanctions deter insider trading”? accepted and forthcoming, Financial Review, 2013 (with B. Frijns, and A. Gilbert).

  • “Corporate governance and risk-taking in New Zealand”, accepted and forthcoming,“ Australian Journal of Management” 2013 (with H. Koerniadi and C. Krishnamurti). 

  • "Political Crises and the Stock Market Integration of Emerging Markets" Journal of Banking and Finance, Vol 36,  No. 3, 2012, (with B. Frijns and I.Indriawan).

  • “Risk appetite, carry trade and exchange rates”, Global Finance Journal, Vol. 23, No.1, 2012 (with Liu, M. and D. Margaritis).

  • "Asymmetric information and price competition in small business lending", Journal of Banking and Finance, Vol 35, No. 9, 2011 (with D. Margaritis and M. Liu).

  • “The dynamics of price discovery for cross-listed shares: Evidence from Australia and New Zealand”, Journal of Banking and Finance, Vol. 34, No. 2, 2010 (with B. Frijns, and A. Gilbert).

  • “Is there an Asymmetry in the Response of Diesel and Petrol Prices to Crude Oil Price Changes? Evidence from New Zealand", Energy Economics, Vol. 32, No.4, 2010 (with D. Margaritis and M. Liu).

  • “The Information Content of Implied Volatility: Evidence from Australia” Journal of Futures Markets,  Vol. 30, No. 2, 2010 (with B. Frijns and C. Tallau).

  • “Monetary Policy and Interest Rate Rigidity in China”, Applied Financial Economics, 2009, Vol. 19, 2009, (with M.H. Liu and D. Margaritis).

  • “The Impact of Regulations on the Informational Basis of Insider Trading” Australian Journal of Management, Vol. 33, No 2, 2008 (with A. Gilbert).

  • “The Impact of Corporate Governance on Corporate Performance: Evidence from Japan", Pacific Basin Finance Journal, Vol.16, No 3, 2008  (with B. Frijns, R. Bauer and R. Otten).

  • “The New Zealand Implied Volatility Index”, New Zealand Economic Paper, Vol. 42, 2008 (with Frijns, B. and Y. Zhang).

  • “Insider Trading, Regulation and the Components of the Bid-Ask Spread, (2008),  Journal of Financial Research, Vol 31, No. 3, 2008 (with B. Frijns, and A. Gilbert).

  • “Monetary Policy Transparency and Pass-through of Interest Rates”, Journal of Banking and Finance, Vol. 32, No.4, 2008 (with D. Margaritis and M.H. Liu).

  • “Insiders and the Law: The Impact of Regulatory Change on Insider Trading”, International Management Review, Vol. 47, No. 5, 2007 (with A. Gilbert and T. Wisniweski).

  • “New Zealand Mutual Fund Performance and Persistence”, Accounting and Finance, Vol. 46, No.3, 2006 (with R. Bauer and R. Otten).

  • “Do insiders crowd out analysis?”  Finance Research Letters, Volume 3, No. 1, 2006 (with A. Gilbert and T. Wisniweski).

  • “Ethical Investing in Australia and New Zealand; is there a Financial Penalty?”, Pacific Basin Finance Journal, Volume, 14, No. 1, 2006 (with R. Bauer and R. Otten).

  • “An Investigation of Investors’ Overconfidence, Familiarity and Socialization”,  Accounting and Finance, Vol. 45, No. 2, 2005 (with S. Kirkby).

  • “Disclosure Regulations and its Impact on Insider Profitability: Evidence from New Zealand” Vol.12, No 5, 2004, Pacific Basin Finance Journal (with A. Etebari, and A. Gilbert).

Awards:


  • Best Paper Prize, “Insiders and the Law: The Impact of Regulatory Change on Insider Trading”, New Zealand Finance Colloquium, 2005, Wellington, awarded by New Zealand Institute for the Study of Competition and Regulation.
  • Best Ph.D/DBA Paper Prize “Do Insiders Crowd Out Analysts” 2005, Sienna, Italy, awarded by Financial Management Association.
  • Best Paper Prize, “Elements of Effective Insider Trading Laws: A Comparative Analysis”, New Zealand Finance Colloquium, 2007, Auckland, awarded by New Zealand Institute for the Study of Competition and Regulation. 
  • Best Paper Prize, "Disclosure regulation, information risk and market spreads" New Zealand Finance Colloquium, 2008, Palmerstone North, awarded by the SIRCA.
  • Highly Commended, "Earnings management and the market performance of dividend issuing firms: NZ evidence", 2008, awarded by the Emerald Publishing Corporation. 
  • Best Paper Prize, “Asymmetric Information and Price Competition in Small Business Lending”, New Zealand  Finance Colloquium, 2010, Auckland, awarded by MED/RBNZ/Treasury.
  • Runner Up Prize "Corporate Governance and Cost of Equity: Do Financial Development and Legal Origin Matter”, IIM-International Finance conference, 2010, Calcutta, India.
  • Merit Award, “Australian Implied Volatility Index”,  JASSA editorial board, 2011.
  • Second Best Prize, “Financial Development - Corporate Governance and Cost of Equity  Capital “, Financial Management Association Asia, Queenstown, 2011, awarded by the CFA Institute.
  • Best Paper Prize, “Is Corporate Governance Relevant During the Financial Crisis?”, 9th International Corporate Conference on Corporate Governance, Birmingham, 2011, awarded by Centre for Corporate Governance Research.
  • Best Paper Prize, “The Role of Financial Experience in Creating Financial Knowledge" New Zealand Finance Colloquium, Albany, 2012, awarded by New Zealand Centre for Personal Financial Education. 
  • Academic Leadership, 2000-2010, Faculty of Business and Law, Auckland University of Technology, 2010.
  • Research Excellence, Faculty of Business and Law, Auckland University of Technology,  2011.
 
Last updated: 06 Mar 2013 9:30am

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