Publications

Wang, J-X & Wong, H-I 1997, 'The predictability of Asian exchange rates: evidence from Kalman filter and ARCH estimations', Journal of Multinational Financial Management, vol. 7, no. 3, pp. 231-252.
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Walker, S 1970, 'The ex-dividend drop-off: Estimating the value of dividends from cum-dividend trading in the ex-dividend period', Seminar Presentation, School of Finance and Economics, University of Technology, Sydney, Sydney, Australia.

Walker, S & Partington, G 1970, 'The ex-dividend drop-off: Evidence from cum-dividend trading in the ex-dividend period', Accounting Association of Australia and New Zealand Conference, Hobart, Tasmania, Australia.

Hutcheson, TJ & Sharpe, IG 1997, 'Ownership Structure and Building Society Efficiency', Working Paper Series.
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This paper investigates the effect of ownership structure on the cost efficiency of Australian building societies using the stochastic econometric frontier approach. Contrary to the expense preference hypothesis, mutually owned societies we found to be, on average, more cost efficient than those under stock ownership. Moreover, mutual and stoc-owned societies have significantly different cost functions or production technologies. The results are consistent with U.S. results of Mester (1993).