School of Economics and Finance staff

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Contact details +6469517062

Prof Martin Young MA, PhD

Professor

Doctoral Supervisor
School of Economics and Finance

Professor Martin Young is a former Head of the School of Economics and Finance. He has a long association with Massey University and took up a position here as Associate Professor in early 2003. Prior to this Professor Young was at the Nanyang Business School, Nanyang Technological University in Singapore. He also held senior positions in the financial industry in New Zealand and was a member of the New Zealand Stock Exchange for many years.

Professor Young has strong international interests, particularly in Asia. He is past Vice-President of Asian Finance Association and past Vice-President (International) of the Academy of Financial Services. He is currently Chair of the Asian Shadow Financial Regulatory Committee and a former member of FMA Survey and Synthesis Series Editorial Advisory Board. He also serves or has served on the editorial boards of a number of journals, including the Journal of Applied Finance and the International Review of Financial Analysis.

Professor Young’s main research interests are in the areas of market efficiency, financial regulation, funds management, optimization and bond and derivatives pricing. His publications in international refereed journals include the Journal of Banking and Finance, Economic Modelling, International Review of Finance, Pacific Basin Finance Journal, The Financial Review, Journal of Property Research, and the Journal of Real Estate Research.

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Professional

Qualifications

  • Master of Arts (First Class Honours) - Massey University (1985)
  • Doctor of Philosophy - Massey University (1997)

Certifications and Registrations

  • Licence, Supervisor, Massey University

Prizes and Awards

  • I was awarded the Massey University Research Medal in 2016 in recognition of my service to PhD student supervision. At the time of the award, I have supervised 11 doctoral students to successful completion, and six currently in progress. I have also supervised five Massey staff, which has enabled the Business School to build up the number of staff who are PhD qualified. - Massey University (2016)

Research Expertise

Research Interests

  • Asset Pricing Models
  • Market Microstructure and Arbitrage
  • Options Pricing Issues
  • Financial Market Development

Thematics

Design – for Commerce, Community and Culture

Area of Expertise

Field of research codes
Banking, Finance and Investment (150200): Commerce, Management, Tourism And Services (150000): Finance (150201): Financial Institutions (incl. Banking) (150203): Investment and Risk Management (150205)

Research Outputs

Journal

Liu, X., Liao, J., & Young, M. (2024). Living through an influential socio-political event: Early-life experiences and stock price crash risk. Finance Research Letters. 68
[Journal article]Authored by: Liao, J., Young, M.
Pope, AR., & Young, MR. (2024). Urban ground leases: a cross-country comparison. Journal of Property Research. 41(2), 126-146
[Journal article]Authored by: Pope, A., Young, M.
Pham, MH., Nguyen, H., Young, M., & Dao, A. (2024). Who Keeps Company with the Wolf will Learn to Howl: Does Local Corruption Culture Affect Financial Adviser Misconduct?. Journal of Business Ethics. 194(1), 185-210
[Journal article]Authored by: Nguyen, T., Pham, V., Young, M.
Xu, X., Fang, J., Young, M., & Zou, L. (2024). The impact of post-retirement financial market participation on retirement income sufficiency in Australia. Accounting and Finance. 64(1), 903-939
[Journal article]Authored by: Fang, J., Young, M., Zou, L.
Xu, X., Young, M., Zou, L., & Fang, J. (2023). Retirement Income Sufficiency: A Comparison Study in Australia and New Zealand †. Journal of Risk and Financial Management. 16(2)
[Journal article]Authored by: Young, M., Zou, L.
Xu, X., Young, M., Zou, L., & Fang, J. (2023). Retirement Income and Financial Market Participation in New Zealand †. International Journal of Financial Studies. 11(1)
[Journal article]Authored by: Young, M., Zou, L.
Pope, AR., Squires, G., & Young, M. (2023). The response to freehold growth information when estimating ground leasehold value. Property Management. 41(3), 336-350
[Journal article]Authored by: Pope, A., Young, M.
Anderson, HD., Liao, J., Yang, J., & Young, M. (2023). Powerful political corporate appointments and firm bribery channels. International Journal of Managerial Finance. 19(3), 491-518
[Journal article]Authored by: Anderson, H., Liao, J., Young, M.
Phung, TMT., Hsu, WH., Naylor, MJ., & Young, MR. (2022). Perceived risk and debt behaviour in the stock market: A survey of investors in Vietnam. Cogent Economics and Finance. 10(1)
[Journal article]Authored by: Hsu, W., Young, M.
Pok, WF., Kabir, MH., & Young, M. (2023). Media content, sentiment and emerging market futures returns. Applied Economics. 55(7), 724-749
[Journal article]Authored by: Kabir, M., Young, M.
Pok, WF., Humayun Kabir, M., & Young, M. (2022). Investor sentiment and mean-variance relation: Evidence from emerging futures markets. Finance Research Letters. 46
[Journal article]Authored by: Kabir, M., Young, M.
Zaharudin, KZ., Young, MR., & Hsu, WH. (2022). High-frequency trading: Definition, implications, and controversies. Journal of Economic Surveys. 36(1), 75-107
[Journal article]Authored by: Hsu, W., Young, M.
Marshall, BR., Nguyen, HT., Nguyen, NH., Visaltanachoti, N., & Young, M. (2021). Do climate risks matter for green investment?. Journal of International Financial Markets, Institutions and Money. 75
[Journal article]Authored by: Marshall, B., Nguyen, T., Visaltanachoti, N., Young, M.
Batten, JA., Khaw, KLH., & Young, MR. (2021). Convertible debt and asset substitution of multinational corporations. Journal of Corporate Finance. 67
[Journal article]Authored by: Young, M.
Batten, JA., Maddox, GE., & Young, MR. (2021). Does weather, or energy prices, affect carbon prices?. Energy Economics. 96
[Journal article]Authored by: Young, M.
Lin, L., Nguyen, NH., Young, M., & Zou, L. (2021). Military executives and corporate outcomes: Evidence from China. Emerging Markets Review. 49
[Journal article]Authored by: Young, M., Zou, L.
Hao, W., Wongchoti, U., Young, M., & Chen, J. (2021). R<sup>2</sup> and the corporate signaling effect. International Review of Finance. 21(4), 1353-1381
[Journal article]Authored by: Chen, J., Hao, W., Wongchoti, U., Young, M.
Batten, JA., Khaw, KLH., & Young, MR. (2018). Pricing convertible bonds. Journal of Banking and Finance. 92, 216-236
[Journal article]Authored by: Young, M.
Hu, M., Chao, CC., Malone, C., & Young, M. (2017). Real determinants of stock split announcements. International Review of Economics and Finance. 51, 574-598
[Journal article]Authored by: Young, M.
Chang, YY., & Young, M. (2016). Brand Firm Performance and Tough Economic Times. International Review of Finance. 16(3), 357-391
[Journal article]Authored by: Chang, Y., Young, M.
Liao, J., Malone, C., & Young, M. (2016). Politicians, insiders and non-tradable share reform decisions in China. Journal of International Financial Markets, Institutions and Money. 43, 58-73
[Journal article]Authored by: Liao, J., Young, M.
Chang, YY., & Young, M. (2015). Dissipative Competition: Evidence from a Quasi-Natural Experiment. International Review of Finance. 15(2), 169-198
[Journal article]Authored by: Chang, Y., Young, M.
Chang, YY., & Young, M. (2015). Dissipative competition: Evidence from a quasi-natural experiment. International Review of Finance.
[Journal article]Authored by: Chang, Y., Young, M.
Feng, Y., Huang, BH., Young, M., & Zhou, QY. (2015). Decomposing and valuing convertible bonds: A new method based on exotic options. Economic Modelling. 47, 193-206
[Journal article]Authored by: Young, M.
Civilize, S., Wongchoti, U., & Young, M. (2015). Military regimes and stock market performance. Emerging Markets Review. 22, 76-95
[Journal article]Authored by: Wongchoti, U., Young, M.
Civilize, S., Wongchoti, U., & Young, M. (2015). Political connection and stock returns: A longitudinal study. Financial Review. 50(1), 89-119
[Journal article]Authored by: Wongchoti, U., Young, M.
Batten, JA., Khaw, KLH., & Young, MR. (2014). Convertible bond pricing models. Journal of Economic Surveys. 28(5), 775-803
[Journal article]Authored by: Young, M.
Chi, J., Yang, J., & Young, M. (2014). Mutual funds' holdings and listed firms' earnings management: Evidence from China. Journal of Multinational Financial Management. 28, 62-78
[Journal article]Authored by: Chi, J., Young, M.
Chi, J., Yang, JJ., & Young, MR. (2014). Mutual funds’ holdings and listed firms’ dividend payouts: Evidence from China. Accounting and Finance Research. 3(3), 84-106 Retrieved from http://dx.doi.org/10.5430/afr.v3n3p84
[Journal article]Authored by: Chi, J., Young, M.
Yang, J., Chi, J., & Young, M. (2014). Mutual fund investment strategies and preferences. Chinese Economy. 47(1), 5-37
[Journal article]Authored by: Chi, J., Young, M.
Chen, J., Young, M., & Bennett, A. (2013). Industry versus country effects in stock returns: The significance of value-weighted versus equal-weighted estimation. International Journal of Portfolio Analysis and Management. 1(3), 278-287 Retrieved from http://www.inderscience.com/info/inarticletoc.php?jcode=ijpam&year=2013&vol=1&issue=3
[Journal article]Authored by: Chen, J., Young, M.
Wirth, C., Chi, J., & Young, M. (2013). The Economic Impact of Capital Expenditures: Environmental Regulatory Delay as a Source of Competitive Advantage?. Journal of Business Finance and Accounting. 40(1-2), 115-141
[Journal article]Authored by: Chi, J., Young, M.
Liao, J., & Young, M. (2012). The impact of residual government ownership in privatized firms: New evidence from China. Emerging Markets Review. 13(3), 338-351
[Journal article]Authored by: Liao, J., Young, M.
Yang, J., Chi, J., & Young, M. (2012). A review of earnings management in China and its implications. Asian-Pacific Economic Literature. 26(1), 84-92
[Journal article]Authored by: Chi, J., Young, M.
Wirth, C., Chi, J., & Young, M. (2011). Do resource consent announcements provide valuable information?: Evidence from New Zealand. Pacific Accounting Review. 23(3), 262-285
[Journal article]Authored by: Chi, J., Young, M.
Chi, J., Sun, Q., & Young, M. (2011). Performance and characteristics of acquiring firms in the Chinese stock markets. Emerging Markets Review. 12(2), 152-170
[Journal article]Authored by: Chi, J., Young, M.
Yang, J., Chi, J., & Young, M. (2011). A review of corporate governance in China. Asian-Pacific Economic Literature. 25(1), 15-28
[Journal article]Authored by: Chi, J., Young, M.
Chi, J., Wang, C., & Young, M. (2010). Long-run outperformance of chinese initial public offerings. Chinese Economy. 43(5), 62-88
[Journal article]Authored by: Chi, J., Young, M.
Chi, J., McWha, M., & Young, M. (2010). The performance and the survivorship of New Zealand IPOs. International Review of Financial Analysis. 19(3), 172-180
[Journal article]Authored by: Chi, J., Young, M.
Shi, S., Young, M., & Hargreaves, B. (2010). House price-volume dynamics: Evidence from 12 cities in New Zealand. Journal of Real Estate Research. 32(1), 75-98
[Journal article]Authored by: Young, M.
Chi, J., Tripe, DW., & Young, MR. (2010). Do exchange rates affect the stock performance of Australian banks?. International Journal of Banking and Finance. 7(1), 35-50 Retrieved from http://epublications.bond.edu.au/cgi/viewcontent.cgi?article=1019&context=ijbf
[Journal article]Authored by: Chi, J., Young, M.
Shi, S., Young, M., & Hargreaves, B. (2009). Issues in measuring a monthly house price index in New Zealand. Journal of Housing Economics. 18(4), 336-350
[Journal article]Authored by: Young, M.
Shi, S., Young, M., & Hargreaves, B. (2009). The ripple effect of local house price movements in New Zealand. Journal of Property Research. 26(1), 1-24
[Journal article]Authored by: Young, M.
Marshall, BR., Qian, S., & Young, M. (2009). Is technical analysis profitable on US stocks with certain size, liquidity or industry characteristics?. Applied Financial Economics. 19(15), 1213-1221
[Journal article]Authored by: Marshall, B., Young, M.
Wongchoti, U., Wu, F., & Young, M. (2009). Buy and sell dynamics following high market returns: Evidence from China. International Review of Financial Analysis. 18(1-2), 12-20
[Journal article]Authored by: Wongchoti, U., Young, M.
Chang, E., Chen, C., Chi, J., & Young, MR. (2008). IPO underpricing in China: New evidence from the primary and secondary markets. Emerging Markets Review. 9, 1-16
[Journal article]Authored by: Chi, J., Young, M.
Marshall, BR., Young, MR., & Cahan, R. (2008). Are candlestick technical trading strategies profitable in the Japanese equity market?. Review of Quantitative Finance and Accounting. 31(2), 191-207
[Journal article]Authored by: Marshall, B., Young, M.
Marshall, BR., Young, MR., & Rose, LC. (2007). Market timing with candlestick technical analysis. Journal of Financial Transformation. 20(Securities), 18-25
[Journal article]Authored by: Marshall, B., Young, M.
Chi, J., & Young, M. (2007). Corporate governance and regulation in China: Openness and challenges. Research in International Business and Finance. 21(3), 361-365
[Journal article]Authored by: Chi, J., Young, M.
Chi, J., Li, K., & Young, M. (2006). Financial integration in East Asian equity markets. Pacific Economic Review. 11(4), 513-526
[Journal article]Authored by: Chi, J., Young, M.
Marshall, BR., Young, MR., & Rose, LC. (2006). Candlestick technical trading strategies: Can they create value for investors?. Journal of Banking and Finance. 30(8), 2303-2323 Retrieved from http://www.sciencedirect.com/science/article/pii/S0378426605002116
[Journal article]Authored by: Marshall, B., Young, M.
Marshall, BR., & Young, MR. (2004). Liquidity and stock returns: A New Zealand perspective. Institute of Financial Professionals New Zealand (INFINZ) Journal. 1, 33-43
[Journal article]Authored by: Young, M.
Young, MR., Hogan, W., & Batten, J. (2004). The effectiveness of interest-rate futures contracts for hedging Japanese bonds of different credit quality and duration. International Review of Financial Analysis. 13, 13-25
[Journal article]Authored by: Young, M.
Marshall, BR., & Young, MR. (2003). Liquidity and stock returns in pure order-driven markets: Evidence from the Australian stock market. International Review of Financial Analysis. 12(2), 173-188 Retrieved from http://www.sciencedirect.com/science/article/pii/S1057521903000061
[Journal article]Authored by: Young, M.
Dekker, A., Sen, K., & Young, MR. (2001). Equity market linkages in the Asia Pacific region: A comparison of the orthogonalised and generalised VAR approaches.. Global Finance Journal. 12, 1-33
[Journal article]Authored by: Young, M.
Wilkinson, KJ., Young, MR., & Young, S. (2001). The effects of monetary policy shocks on exchange rates: Evidence from New Zealand and Australia. Pacific Basin Finance Journal. 9(4), 427-455
[Journal article]Authored by: Young, M.
Wilkinson, KJ., Rose, LC., & Young, MR. (1999). Comparing the effectiveness of traditional and time varying hedge ratios using new zealand and australian debt futures contracts. Financial Review. 34(3), 79-94
[Journal article]Authored by: Young, M.

Book

Chi, J., & Young, M.(2006). The development of financial derivatives markets in an expanded eu.
[Authored Book]Authored by: Chi, J., Young, M.
Young, MR., & Chin, FM. (2006). Risk management and derivative usage in Japan and neighbouring Asian and Pacific countries. In JA. Batten, TA. Fetherston, & PG. Szilagyi (Eds.) Japanese Fixed Income Markets: Money, Bond and Interest Rate Derivatives. (pp. 77 - 103). Amsterdam, The Netherlands: Elsevier B.V.
[Chapter]Authored by: Young, M.
Chi, J., & Young, MR. (2006). The development of financial derivatives markets in an expanded EU. In JA. Batten, & C. Kearney (Eds.) International Finance Review, Volume 6. Emerging European Financial Markets: Independence and Integration Post-Enlargement. (pp. 215 - 234). Oxford, UK: Elsevier JAI
[Chapter]Authored by: Chi, J., Young, M.
Chi, J., & Young, M.(2005). Developing a Financial Derivatives Market in China.
[Authored Book]Authored by: Chi, J., Young, M.
Chi, J., & Young, MR. (2005). Developing a financial derivatives market in China. In TA. Fetherston, & JA. Batten (Eds.) Asia Pacific Financial Markets in Comparative Perspective: Issues and Implications for the 21st Century. (pp. 339 - 359). Amsterdam, The Netherlands: Elsevier
[Chapter]Authored by: Chi, J., Young, M.
Young, MR. (2004). Perspectives on European derivative markets. In JA. Batten, TA. Fetherston, & PGS. Eds (Eds.) European fixed income markets: Money, bond and interest rate derivatives. (pp. 67 - 84). Chichester, UK: Wiley Finance
[Chapter]Authored by: Young, M.

Thesis

Pope, A. (2020). Ground Leaseholders’ Perception of Rent Review Risk: The Impact of the Availability Heuristic.. (Doctoral Thesis, Massey University, New Zealand)
[Doctoral Thesis]Authored by: Pope, A.Edited by: Young, M.
Yuen, MK. (2018). Essays in hedge fund performance: A thesis presented in fulfilment of the requirement for the degree of Doctor of Philosophy in Finance at Massey University, Palmerston North, New Zealand. (Doctoral Thesis, Oral Exam Manawatu Campus) Yuen, MK. (2018). Essays in hedge fund performance: A thesis presented in fulfilment of the requirement for the degree of Doctor of Philosophy in Finance at Massey University, Palmerston North, New Zealand. (Doctoral Thesis)
[Doctoral Thesis]Authored by: Yuen, M.Edited by: Chen, J., Young, M.
Wirth, C. (2011). Capital market implications of resource consent information in New Zealand listed company announcements. (Doctoral Thesis, Massey University, Palmerston North, New Zealand)
[Doctoral Thesis]Edited by: Chi, J., Young, M.
Marshall, BR. (2005). Candlestick technical trading strategies: Can they create value for investors?. (Doctoral Thesis, Massey University, Palmerston North, NZ) Marshall, BR., Young, MR., & Rose, LC. (2006). Candlestick technical trading strategies: Can they create value for investors?. (Doctoral Thesis) Marshall, BR., Young, MR., & Rose, LC. (2006). Candlestick technical trading strategies: Can they create value for investors?. (Doctoral Thesis) Marshall, BR., Young, MR., & Rose, LC. (2006). Candlestick technical trading strategies: Can they create value for investors?. (Doctoral Thesis)
[Doctoral Thesis]Authored by: Young, M.

Conference

Phung, T., Hsu, W., Naylor, M., & Young, M.Risk tolerance, investment horizons and debt decisions. 23rd International Congress on Modelling and Simulation - Supporting Evidence-Based Decision Making: The Role of Modelling and Simulation, MODSIM 2019. (pp. 568 - 574).
[Conference]Authored by: Young, M.
Yuen, MK., Young, M., & Chen, J. (2019). Capacity constraints, fund flows and hedge fund alpha: Emerging market evidence. https://weai.org/conferences/view/1/15th-International-Conference. : WEAI 15th International Conference
[Conference Paper in Published Proceedings]Authored by: Chen, J., Young, M., Yuen, M.
Zou, L., Tang, T., Li, X., & Young, M.(2019, July). Style Consistency and Industry Concentration of Chinese Mutual Funds. .
[Conference]Authored by: Li, X., Young, M., Zou, L.
Yuen, MK., Young, M., & Chen, J. (2018). Hedge fund factors and Survival Analysis: Evidence from Asia Pacific. https://www.nzfc.ac.nz/archives/2018/programme/. : 2018 New Zealand Finance Colloquium
[Conference Paper in Published Proceedings]Authored by: Chen, J., Young, M., Yuen, M.
Yuen, MK., Young, M., & Chen, J. (2018). Survival analysis of hedge funds and institutional investors: Evidence from Asia Pacific region. https://weai.org/conferences/view/4/14th-International-Conference. : WEAI 14th International Conference
[Conference Paper in Published Proceedings]Authored by: Chen, J., Young, M., Yuen, M.
Yuen, MK., Young, M., & Chen, J. (2017). Hedge Fund Factors and Survival Analysis: Evidence from Asia Pacific. http://www.mfsociety.org/page.php?pageID=329. : 25th Annual Conference of the Multinational Finance Society
[Conference Paper in Published Proceedings]Authored by: Chen, J., Young, M., Yuen, M.
Anderson, H., Liao, J., Yang, JJ., & Young, MR.Party Committee Secretary serving on corporate boards and firm bribery. http://www.fmaconferences.org/HongKong/Papers/bribery_paper,_full_paper.pdf. : 2018 Asia/Pacific Conference
[Conference Paper in Published Proceedings]Authored by: Anderson, H., Liao, J., Young, M.
Squires, G., Pope, A., & Young, M.Ground lessee insights on ground leasehold issues. . Auckland
[Conference Paper]Authored by: Pope, A., Young, M.
Yuen, MK., Young, M., & Chen, J.Capacity Constraints, Fund Flows and Hedge Fund Alpha: Emerging Market Evidence. . Adelaide, Australia
[Conference Paper]Authored by: Chen, J., Young, M., Yuen, M.
Yuen, MK., Young, M., & Chen, J. (2017). Capacity Constraints, Fund Flows and Hedge Fund Alpha: Emerging Market Evidence. http://www.mfsociety.org/page.php?pageID=329. : 24th Annual Conference of the Multinational Finance Society
[Conference Paper in Published Proceedings]Authored by: Chen, J., Young, M., Yuen, M.
Hsu, WH., & Young, M.Monitors or certifiers? Different roles of private equity firms at different timing of investments. . Auckland, New Zealand
[Conference Paper]Authored by: Hsu, W., Young, M.
Hao, W., wongchoti, U., & Young, M.Price informativeness, market expectation and empirical finance. . Seoul, South Korea
[Conference Paper]Authored by: Hao, W., Wongchoti, U., Young, M.
Hao, W., Wongchoti, U., Chen, J., & Young, M.R² and the corporate signaling effect. . Sydney, Australia
[Conference Paper]Authored by: Chen, J., Hao, W., Wongchoti, U., Young, M.
Batten, J., Khaw, L-H., & Young, MR.Debt heterogeneity, agency costs and business risk of multinational corporations. . Seoul, South Korea
[Conference Paper]Authored by: Young, M.
Liao, J., Malone, C., & Young, MR.(2014). Privatization in China, rent-seeking and management incentives. Paper presented at the meeting of 2014 Accounting and Finance Association of Australia and New Zealand Conference. Auckland, New Zealand
[Conference Paper]Authored by: Liao, J., Young, M.
Liao, J., & Young, MR.Uncertainty and Effectiveness of the Board, the China Experience. . Hyderabad, India
[Conference Paper]Authored by: Liao, J., Young, M.
Batten, JA., Khaw, KL-H., & Young, MR. (2013). Pricing convertible bonds. European Financial Management Association 2013 Annual Conference: Accepted Papers. (pp. 1 - 72). United Kingdom: European Financial Management Association 2013 Annual Conference
[Conference Paper in Published Proceedings]Authored by: Young, M.
Yang, J., Chi, J., & Young, M. (2013, April). Mutual funds' stock holdings and listed firms' dividend pay-outs in China. Presented at Financial Mangaement Association International [FMA] Asian Meeting. Shanghai, China.
[Conference Oral Presentation]Authored by: Young, M.
Yang, JJ., Chi, J., & Young, M. (2013). Mutual funds' stock holdings and listed firms' dividend pay-outs in China. 2013 FMA Asian Meeting. (pp. 1 - 47). : 2013 FMA Asian Meeting
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Pok, Wei Fong, ., Young, Martin, ., & Kabir, MH. (2012). A cross-country analysis of the role of media content in explaining the index futures market behavior. In . Financial Management Association, USA (Ed.) Financial Management Association. : Financial Management Association, USA
[Conference Paper in Published Proceedings]Authored by: Kabir, M., Young, M.
Kabir, MH., Young, MR., & Pok, Wei Fong, .(2012). A cross-country analysis of the role of media content in explaining the index futures market behaviour. . Atlanta, United States of America
[Conference Paper]Authored by: Kabir, M., Young, M.
Yang, J., Chi, J., & Young, M. (2012, October). Mutual funds and listed firms' earnings management in China. Presented at Financial Management Association International [FMA] Annual Meeting. Atlanta, GA, United States.
[Conference Oral Presentation]Authored by: Young, M.
Liao, J., & Young, M.(2012). Do macroeconomic factors influence board composition decisions? Evidence from China. Paper presented at the meeting of https://docs.google.com/a/asian-fa.org/viewer?a=v&pid=sites&srcid=YXNpYW4tZmEub3JnfGFzaWFuLWZhfGd4OjdkZTM0NDA4NmNiOTk5NDc. Taipei, Taiwan
[Conference Paper]Authored by: Liao, J., Young, M.
Yang, JJ., Chi, J., & Young, M. (2012). Mutual funds and listed firms' earnings management in China. 2012 FMA Annual Meeting. (pp. 1 - 51). : 2012 FMA Annual Meeting
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Liao, J., & Young, M. (2011, December). The impact of residual government ownership in privatized firms: New evidence from China. Presented at 24th Australasian Finance and Banking [AFBC] Conference. Sydney, NSW, Australia.
[Conference Oral Presentation]Authored by: Young, M.
Liao, J., & Young, M. (2011). The impact of residual government ownership in privatized firms: New evidence from China. In 24th Australasian Finance and Banking [AFBC] Conference: Paper Abstracts(pp. 11 - 11). , 24th Australasian Finance and Banking [AFBC] Conference Australia: Australian School of Business, Institute of Global Finance, University of New South Wales
[Conference Abstract]Authored by: Young, M.
Wirth, C., Chi, J., & Young, M. (2011, February). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. Presented at 15th New Zealand Finance Colloquium. Christchurch, New Zealand.
[Conference Oral Presentation]Authored by: Young, M.
Yang, JJ., Chi, J., & Young, MR. (2011). Mutual funds’ investment strategies and their preferences: Evidence from China. 2011 FMA Annual Conference. (pp. 1 - 45). : 2011 FMA Annual Conference
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Yang, JJ., Chi, J., & Young, MR. (2011). Mutual funds' investment strategies and their preferences: Evidence from China. Asian Finance Association (AsianFA) 2011 International Conference. : Asian Finance Association (AsianFA) 2011 International Conference: Frontiers in Finance: Asia-Pacific and Beyond
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Hsu, WH., Wang, N., & Young, M.(2011). The impact of investment by private equity firms. . Las Vegas, NV, USA
[Conference Paper]Authored by: Hsu, W., Young, M.
Wirth, C., Chi, J., & Young, M. (2011). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. In . Finance, & CG. Conference (Eds.) Finance and Corporate Governance Conference. (pp. 1 - 35).
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Wirth, C., Chi, J., & Young, M.(2011). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic avantage?. . Melbourne, VIC, Australia
[Conference Paper]Authored by: Chi, J., Young, M.
Wirth, C., Chi, J., & Young, M. (2011, April). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. Presented at Finance and Corporate Governance Conference. Melbourne, VIC, Australia.
[Conference Oral Presentation]Authored by: Chi, J., Young, M.
Wirth, C., Chi, J., & Young, M. (2011, April). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. Presented at 2011 Financial Management Association [FMA] Asian Conference. Queenstown, New Zealand.
[Conference Oral Presentation]Authored by: Chi, J., Young, M.
Wirth, C., Chi, J., & Young, M.(2011). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. . Queenstown, New Zealand
[Conference Paper]Authored by: Chi, J., Young, M.
Wirth, C., Chi, J., & Young, M. (2011). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. In FM. Association (Ed.) Financial Management Association Conference. (pp. 1 - 35).
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Wirth, C., Chi, J., & Young, M. (2011). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. 15th New Zealand Finance Colloquium Proceedings. (pp. 1 - 35). New Zealand: 15th New Zealand Finance Colloquium
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Civilize, S., Wongchoti, U., & Young, M. (2010). Military regimes and stock markets. Asian Finance Association International Conference 2010.
[Conference Paper in Published Proceedings]Authored by: Wongchoti, U., Young, M.
Chi, J., Qian, S., & Young, MR. (2009). Performance and characteristics of acquiring firms in the Chinese stock markets. European Financial Management Association Annual Conference. (pp. 1 - 39).
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Chi, J., Qian, S., & Young, MR. (2009). Performance and characteristics of acquiring firms in the Chinese stock markets. Financial management Association Annual Conference. (pp. 1 - 35).
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Liao, J., Young, MR., & Sun, Q. (2009). Board Structure Determinants and Efficiency, Evidence from the Implementation of Independent Director System in China. 2009 European Financial Management Association Annual Conference. (pp. 1 - 39). : European Financial Management Association Annual Conference
[Conference Paper in Published Proceedings]Authored by: Liao, J., Young, M.
Wongchoti, U., Wu, F., & Young, MR. (2008). Different priors, investor trading activites and the lead-lag relationship between market return and trading volume: Evidence from China. Proceedings of the Financial Management Association Annual Conference. (pp. 1 - 30).
[Conference Paper in Published Proceedings]Authored by: Wongchoti, U., Young, M.
Chi, J., McWha, M., & Young, MR. (2008). The performance and the survivorship of New Zealand IPOs. Proceedings of the Asian Finance Association-Nippon Finance Association International Conference. (pp. 1 - 33).
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Shi, S., Young, M, ., & Hargreaves, RV.(2008). House price-volume dynamics: Does the index matter? Evidence from 12 cities in New Zealand. . Shanghai, China
[Conference Paper]Authored by: Young, M.
Marshall, BR., Treepongkaruna, S., & Young, MR. (2008). Exploitable arbitrage opportunities exist in the foreign exchange market. American Finance Association 2008 Annual Meeting.
[Conference Paper in Published Proceedings]Authored by: Marshall, B., Young, M.
Chi, J., Tripe, DW., & Young, MR. (2007). Do exchange rates affect the stock performance of Australian banks?. 12th Finsia-Melbourne Centre for Financial Studies Banking and Finance Conference. (pp. 1 - 24).
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Chi, J., Tripe, DW., & Young, MR. (2007, September). Do exchange rates affect the stock performance of Australian banks?. Presented at 12th Finsia-Melbourne Centre for Financial Studies Banking and Finance Conference. RMIT University, Melbourne, VIC, Australia.
[Conference Oral Presentation]Authored by: Chi, J., Young, M.
Chang, X., Chen, C., Chi, J., & Young, MR. (2007, July). IPO underpricing in China: New evidence from the primary and secondary markets. Presented at Accounting and Finance Association of Australia and New Zealand Conference. Gold Coast, QLD.
[Conference Oral Presentation]Authored by: Chi, J., Young, M.
Chang, E., Chen, C., Chi, J., & Young, M. (2008). IPO underpricing in China: New evidence from the primary and secondary markets. Emerging Markets Review. Vol. 9 (pp. 1 - 16).
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Young, MR. (2007, July). Are candlestick technical trading strategies profitable in the Japanese equity market?. Presented at 18th Asian Finance Association / Financial Management Association Conference. Kowloon, Hong Kong.
[Conference Oral Presentation]Authored by: Young, M.
Marshall, BR., Young, MR., & Cahan, RH. (2007). Are candlestick technical trading strategies profitable in the Japanese equity market?. 18th Asian Finance Association/Financial Management Association Conference. (pp. unpaged - 35).
[Conference Paper in Published Proceedings]Authored by: Marshall, B., Young, M.
Chi, J., Wang, C., & Young, MR. (2007, July). The long-run out-performance of the Chinese IPOs. Presented at 15th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management. Ho Chi Minh, Vietnam.
[Conference Oral Presentation]Authored by: Chi, J., Young, M.
Chi, J., Wang, C., & Young, MR. (2007). The long-run out-performance of the Chinese IPOs. Proceedings of the 15th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management. (pp. 1 - 35).
[Conference Paper in Published Proceedings]Authored by: Chi, J., Young, M.
Marshall, BR., Qian, S., & Young, MR. (2006). Is technical analysis profitable on U.S. stocks with certain size, liquidity or industry characteristics?. Financial Management Association Annual Meeting.
[Conference Paper in Published Proceedings]Authored by: Marshall, B., Young, M.
Seelye, J., Young, MR., Lister, R., Fletcher, JD., Roskruge, NR., & Burge, GK. (2005). Producing virus-free Taewa Maori. Poster session presented at the meeting of 16th Biennial meeting The New Zealand Branch IAPTC&B. Methven, NZ
[Conference Poster]Authored by: Roskruge, N., Young, M.
Cheng, P., & Young, MR. (2005). An analysis of the impact of the introduction of market makers to the Japan Securities Dealers Association quotations (JASDAQ) market. Proceedings of JIC 05: The 7th JAFEE International Conference. (pp. 157 - 189). Tokyo, Japan?
[Conference Paper in Published Proceedings]Authored by: Young, M.
Fernandes, V., Sen, N., & Young, MR. (2005). Rewards to active portfolio management based on an alternative momentum strategy: Long term evidence from US-based equity funds. 2005 Financial Management Association Annual Meeting. (pp. 1 - 45). Chicago, IL
[Conference Paper in Published Proceedings]Authored by: Young, M.
Smith, MI., & Young, MR.(2005). Options trading on major currencies: An analysis of the returns to writers and buyers. . Chicago, IL
[Conference Paper]Authored by: Young, M.
Chi, J., & Young, MR.(2004). Developing a financial derivatives market in China. Paper presented at the meeting of 17th Australasian Finance and Banking Conference. Sydney, Australia
[Conference Paper]Authored by: Chi, J., Young, M.
Young, MR., Chen, PY., & Chin, FM. (2004). The impact of the introduction of pre and post-trading routines on intra-day volatility. Quantitative Methods in Finance Conference 2004. (pp. 1 - 23).
[Conference Paper in Published Proceedings]Authored by: Young, M.
Ridge, J., & Young, MR. (2004). An analysis of the structure, costs and benefits of capital guaranteed equity-linked funds. AFS proceedings, October 6-7, 2004, New Orleans, Louisiana. (pp. 1 - 20). New Orleans, LA
[Conference Paper in Published Proceedings]Authored by: Young, M.
Young, MR.(2003). Monetary policy implementation and optimal portfolio strategies. . Manly, NSW
[Conference Paper]Authored by: Young, M.
Young, MR., & Cheng, PY. (2002, July). An analysis of the impact of the introduction of marker makers to the Japan Security Dealers Association Quotations (JASDAQ) market. Presented at APFA/PACAP/FMA Finance Conference. Tokyo, Japan.
[Conference Oral Presentation]Authored by: Young, M.
Young, MR., Cheng, P., & Ridge, J.(2002). An analysis of the impact of changes to the Singapore Stock Exchange pre-market trading rules on intra-day volatility.
[Conference Paper]Authored by: Young, M.
Young, M., Hogan, W., & Batten, J.The effectiveness of interest-rate futures contracts for hedging Japanese bonds of different credit quality and duration.
[Conference Oral Presentation]Authored by: Young, M.
Marshall, BR., & Young, MR. (2001). Liquidity and stock returns in pure order driven markets: Evidence from the Australian stock market. Financial Management Association Annual Meeting. (pp. 1 - 57).
[Conference Paper in Published Proceedings]Authored by: Young, M.
Young, MR., & Ridge, J. (2001, October). Common currencies in a global investment market: Are small economy currencies baby dinosaurs?. Presented at 15th Annual Academy of Financial Services Meeting. Toronto, ON.
[Conference Oral Presentation]Authored by: Young, M.
Penberthy, F., & Young, MR. (2000). Describing the relationship between monetary policy, economic activity and value and growth stock returns. Finance Educators Conference: Proceedings of the 2000 annual conference, 30 November 2000: Finance education in the new millenium. (pp. 241 - 257). Burwood, VIC
[Conference Paper in Published Proceedings]Authored by: Young, M.
Young, MR., & Ridge, J.(2000). Post-listing pricing of major initial public offerings: Is there an index fund effect?.
[Conference Paper]Authored by: Young, M.
Wilkinson, K., Young, S., & Young, MR.(2000). The Effects of Monetary Policy Shocks on Exchange Rates: Evidence from New Zealand and Australia.
[Conference Paper]Authored by: Young, M.

Other

Malone, CB., Liao, J., & Young, M. (2014, September). Politicians and privatization decisions in China. In School of Economics and Finance Manawatu Seminar Series.
[Oral Presentation]Authored by: Liao, J., Young, M.
Wirth, C., Chi, J., & Young, M. (2010). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage. In Corporate Finance: Valuation, Capital Budgeting & Investment Policy(pp. 1 - 35). : Social Science Research Network
[Working Paper]Authored by: Chi, J., Young, M.
Young, MR. (2006). Are candlestick technical trading strategies profitable in the Japanese equity market?. Presented at Xiamen University, Xiamen, China.
[Oral Presentation]Authored by: Young, M.

Teaching and Supervision

Summary of Doctoral Supervision

Position Current Completed
Main Supervisor 4 15
Co-supervisor 0 4

Current Doctoral Supervision

Main Supervisor of:

  • Alicia Qi - Doctor of Philosophy
    Financial stock market liberalisation and firm transparency: Stock Connect scheme in China perspective
  • Haojun Yuan - Doctor of Philosophy
    Innovation and Development of Green Finance in China
  • Norah Feng - Doctor of Philosophy
    Retirement planning and pension fund
  • Linshan Zeng - Doctor of Philosophy
    Digital Currency Development and the Impact of Central Bank Digital Currency on International and National Settlement Systems

Completed Doctoral Supervision

Main Supervisor of:

  • 2023 - Xutang Liu - Doctor of Philosophy
    Essays on CEO characteristics and firm behaviour in China
  • 2023 - Khairul Zaharudin - Doctor of Philosophy
    Essays on High-frequency Trading
  • 2022 - Xiaobo Xu - Doctor of Philosophy
    Income Sufficiency in an Aging Population
  • 2020 - Trang Phung - Doctor of Philosophy
    Perceived Risk, Risk Tolerance and Trust in Debt Decisions
  • 2018 - Mui Yuen - Doctor of Philosophy
    Essays in Hedge Fund Performance
  • 2017 - Mei Yang - Doctor of Philosophy
    Barriers to Rural Women's Involvement in Economic Activities: Evidence from Shaanxi, China
  • 2015 - Wei Fong Pok - Doctor of Philosophy
    The Role of Media Content in Explaining the Index Futures Market Behaviour
  • 2013 - Lee Hwei Khaw - Doctor of Philosophy
    Convertible bonds from the investment and financing perspectives
  • 2012 - Meixia Hu - Doctor of Philosophy
    An Examination of Stock Split and Special Dividend Announcements in Relation to Market-Timing Opportunities, Business Cycles, and Monthly Patterns
  • 2012 - Sireethorn Civilize - Doctor of Philosophy
    The impact of Politics on Stock Return Dynamics in Emerging Markets
  • 2011 - Carolyn Wirth - Doctor of Philosophy
    Capital market implications of resource consent information in New Zealand listed company announcements
  • 2010 - Jing Liao - Doctor of Philosophy
    An examination of the determinants of performance in relation to the divestiture of State-owned assets in China
  • 2010 - Eugene Lai - Doctor of Philosophy
    An investigation into optimal stock option compensation
  • 2009 - Song Shi - Doctor of Philosophy
    Monthly house price indicies and their applications in New Zealand
  • 2005 - Benjamin Marshall - Doctor of Philosophy
    Candlestick Technical Trading Strategies: Can They Create Value for Investors?

Co-supervisor of:

  • 2019 - Alan Pope - Doctor of Philosophy
    Ground Leaseholders’ Perception of Rent Review Risk: The Impact of the Availability Heuristic
  • 2016 - Wei Hao - Doctor of Philosophy
    R2 and Stock Price Informativeness: New Empirical Evidence
  • 2012 - Jingjing Yang - Doctor of Philosophy
    The examination of the relationship between mutual funds' holdings and listed firms in China
  • 2012 - Jeffrey Stangl - Doctor of Philosophy
    An Empirical Examination of Industry Returns for Evidence of Cyclical Performance

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