Peter Swan

Professor of Finance
Professor

Professor Peter Swan AO FRSN FASSA is currently in the School of Banking and Finance,  Business School, University of New South Wales-Sydney.

He completed his Honours Economics Degree at ANU, his PhD at Monash and after visiting positions at Chicago and Rochester, joined the Economics faculty at ANU, then to a chair at AGSM, and established the Finance Department at the University of Sydney prior to returning to UNSW.

On the Queen's Birthday Honours List 9 June 2003 he was appointed as Member of the Order of Australia (AM).Citation: 'For services to academia as a scholar and researcher and through contributions to public policy in the fields of economics and finance'. 

UNSW appointed him to the title of Scientia Professor for the period, January 2003 - December 2008, in recognition of international eminence in research. Peter was elected as a Fellow of the Academy of Social Sciences in Australia in 1997. According to Mark Blaug's Who's Who in Economics: A Biographical Dictionary of Major Economists, 2nd ed., 3rd ed., 1999, he is in the top ten most highly cited economics and finance academics in Australia.

Order of Australia Queen’s Birthday Honours List on June 13, 2016:  Officer of the Order of Australia. AO. Citation: “For distinguished service to finance and commerce as a leading academic, journalist, and commentator on domestic investment, and on a range of political and economic issues.”

Peter Swan AO FRSN FASSA was unanimously elected as a Fellow of the Royal Society of New South Wales (FRSN) in March 2018. His latest award comes from the oldest learned society in the Southern Hemisphere, established in Sydney in 1821 to advance knowledge through the encouragement of studies and investigations in science, art, literature and philosophy.

Peter has published in the Journal of Finance, American Economic Review, Journal of Political Economy (three articles), Econometrica (two), Journal of Business (two), Pacific Basin Finance Journal (two), JFQA, The Economic Record, as well as 40 or so other international journal publications. Internationally, he is best known for his work in industrial organisation on the economics of durable goods and product quality.

His current research interests include funds management, market microstructure, corporate governance, executive compensation and asset pricing. Peter has also published many popular articles in Australian newspapers, has appeared on ABC radio and TV and there are over 100 articles in the popular press about his research.

Research Interests:

  • Corporate governance and executive compensation
  • Market microstructure
  • Asset pricing
  • Funds management

 

 

Working Papers
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Swan P; Lin Y; Harris F, 2020, A Model of Maker-Taker Fees and Quasi-Natural Experimental Evidence, http://dx.doi.org
2020
Swan P, 2020, Are "High-Powered" Incentives Confined to when the "Signal-to-Noise" Ratio is Weak?, http://dx.doi.org
2020
Journal articles
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Swan P, 2020, 'The Unnecessary Devastation of the Lockdown', Quadrant, vol. 64, 2020, pp. 22 - 26, https://quadrant.org.au/opinion/qed/2020/05/run-the-numbers-survey-the-folly/
2020
Swan PL, 2020, 'The Code of Capital: How the Law Creates Wealth and Inequality by KatharinaPistor (Princeton University Press, Princeton, NJ, 2019), pp. 320', Economic Record, vol. 96, pp. 219 - 221, http://dx.doi.org/10.1111/1475-4932.12549
2020
Swan PL, 2019, 'Investment, the Corporate Tax Rate, and the Pricing of Franking Credits', Economic Record, vol. 95, pp. 480 - 496, http://dx.doi.org/10.1111/1475-4932.12493
2019
Swan PL, 2016, 'Comments on Shan and Walter: Towards a set of design principles', Abacus: a journal of accounting, finance and business studies, vol. 52, http://dx.doi.org/10.1111/abac.12090
2016
Swan PL, 2016, 'Mandated divorce: Company boards, incentives and performance', Law and Financial Markets Review, vol. 10, pp. 133 - 138, http://dx.doi.org/10.1080/17521440.2016.1243880
2016
Beaumont S; Ratiu R; Reeb D; Boyle G; Brown P; Szimayer A; da Silva Rosa R; Hillier D; McColgan P; Tsekeris A; Howieson B; Matolcsy Z; Spiropoulos H; Roberts J; Smith T; Zhou Q; Swan PL; Taylor S; Wright S; Yermack D, 2016, 'Comments on Shan and Walter: ‘Towards a Set of Design Principles for Executive Compensation Contracts’', Abacus, vol. 52, pp. 685 - 771, http://dx.doi.org/10.1111/abac.12091
2016
Swan PL, 2015, 'Do Australians benefit from our greater tolerance for inequality?', The Economic and Labour Relations Review, vol. 26, pp. 678 - 680, http://dx.doi.org/10.1177/1035304615614449
2015
Swan P, 2014, 'The ASX governance council and ‘independent’ boards', Law and Financial Markets Review, vol. 8, pp. 194 - 198, http://dx.doi.org/10.5235/17521440.8.3.196
2014
Smith GS; Swan PL, 2014, 'Do Concentrated Institutional Investors Really Reduce Executive Compensation Whilst Raising Incentives?', Critical Finance Review, vol. 3, pp. 49 - 83, http://dx.doi.org/10.1561/104.00000014
2014
Swan PL; Gallagher D; Gardner P, 2013, 'Governance through Trading: Institutional Swing Trades and Subsequent Firm Performance', Journal of Financial and Quantitative Analysis, vol. 48, pp. 427 - 458, http://dx.doi.org/10.1017/S0022109013000203
2013
Fong KYL; Gallagher DR; Gardner PA; Swan PL, 2011, 'Follow the leader: Fund managers trading in signal-strength sequence', Accounting and Finance, vol. 51, pp. 684 - 710, http://dx.doi.org/10.1111/j.1467-629X.2010.00367.x
2011
Gallagher DR; Gardner PA; Swan PL, 2009, 'Portfolio pumping: An examination of investment manager quarter-end trading and impact on performance', Pacific Basin Finance Journal, vol. 17, pp. 1 - 27, http://dx.doi.org/10.1016/j.pacfin.2007.12.001
2009
Swan PL, 2009, 'The political economy of the subprime crisis: Why subprime was so attractive to its creators', European Journal of Political Economy, vol. 25, pp. 124 - 132, http://dx.doi.org/10.1016/j.ejpoleco.2008.12.005
2009
Fong KY; Gallagher DR; Lau S; Swan PL, 2009, 'Do active fund managers care about capital gains tax efficiency?', Pacific Basin Finance Journal, vol. 17, pp. 257 - 270, http://dx.doi.org/10.1016/j.pacfin.2008.04.002
2009
Swan PL; Merhebi RM; Pattenden K; Zhou X, 2006, 'Australian chief executive officer remuneration: Pay and performance', Accounting and Finance, vol. 46, pp. 481 - 497, http://dx.doi.org/10.1111/j.1467-629x.2006.00178.x
2006
Swan PL; Zhou X, 2003, 'Performance Thresholds in Managerial Incentive Contracts', Journal of Business, vol. 76, pp. 665 - 696, http://dx.doi.org/10.1086/377035
2003
Aitken MJ; Frino A; Mccorry MS; Swan PL, 1998, 'Short sales are almost instantaneously bad news: Evidence from the Australian stock exchange', Journal of Finance, vol. 53, pp. 2205 - 2223, http://dx.doi.org/10.1111/0022-1082.00088
1998
Garvey GT; Swan PL, 1995, 'Shareholder Activism, “Voluntary” Restructuring, and Internal Labor Markets', Journal of Economics & Management Strategy, vol. 4, pp. 591 - 621, http://dx.doi.org/10.1111/j.1430-9134.1995.00591.x
1995
AITKEN MJ; GARVEY GT; SWAN PL, 1995, 'HOW BROKERS FACILITATE TRADE FOR LONG-TERM CLIENTS IN COMPETITIVE SECURITIES MARKETS', JOURNAL OF BUSINESS, vol. 68, pp. 1 - 33, http://dx.doi.org/10.1086/296651
1995
Garvey GT; Swan PL, 1994, 'The economics of corporate governance: Beyond the Marshallian firm', Journal of Corporate Finance, vol. 1, pp. 139 - 174, http://dx.doi.org/10.1016/0929-1199(94)90001-9
1994
SWAN PL, 1994, 'The Taxation of Capital Gains When the Cash Component of Income Is Taxed', Abacus, vol. 30, pp. 160 - 174, http://dx.doi.org/10.1111/j.1467-6281.1994.tb00348.x
1994
Marks RE; Swan PL, 1993, 'Exhaustibility and the reserves/production ratio', Economics Letters, vol. 42, pp. 117 - 119, http://dx.doi.org/10.1016/0165-1765(93)90183-D
1993
Aitken MJ; Swan PL, 1993, 'PRINCIPAL AND AGENCY TRADES BY STOCKBROKERS ARE COMPLEMENTARY: THE WELFARE EFFECTS OF DEREGULATING AGENCY TRADING AND BANNING PRINCIPAL TRADES', Accounting & Finance, vol. 33, pp. 19 - 42, http://dx.doi.org/10.1111/j.1467-629X.1993.tb00197.x
1993
Arthur N; Garvey G; Swan P; Taylor S, 1993, 'Agency Theory and “Management Research” A Comment', Australian Journal of Management, vol. 18, pp. 93 - 102, http://dx.doi.org/10.1177/031289629301800105
1993
Garvey GT; Swan PL, 1992, 'The interaction between financial and employment contracts: A formal model of Japanese Corporate Governance', Journal of The Japanese and International Economies, vol. 6, pp. 247 - 274, http://dx.doi.org/10.1016/0889-1583(92)90023-W
1992
GARVEY GT; SWAN PL, 1992, 'MANAGERIAL OBJECTIVES, CAPITAL STRUCTURE, AND THE PROVISION OF WORKER INCENTIVES', JOURNAL OF LABOR ECONOMICS, vol. 10, pp. 357 - 379, http://dx.doi.org/10.1086/298291
1992
Garvey G; Swan PL, 1992, 'Optimal capital structure for a hierarchical firm', Journal of Financial Intermediation, vol. 2, pp. 376 - 400, http://dx.doi.org/10.1016/1042-9573(92)90010-B
1992
Swan PL; Zeitsch J, 1992, 'The Emerging Australian Manufacturing Export Response to Microeconomic Reform', Australian Journal of Management, vol. 17, pp. 21 - 58, http://dx.doi.org/10.1177/031289629201700103
1992
Swan PL, 1990, 'Inflation drag or taxation in drag: Responsible for the rising share of government in Australian GDP?', Public Choice, vol. 65, pp. 143 - 156, http://dx.doi.org/10.1007/BF00123795
1990
SWAN PL, 1990, 'Real Rates of Return in Electricity Supply: New South Wales, Tasmania and Victoria', Economic Record, vol. 66, pp. 93 - 109, http://dx.doi.org/10.1111/j.1475-4932.1990.tb01711.x
1990
Swan PL, 1989, 'CORPORATISATION, PRIVATISATION AND THE REGULATORY FRAMEWORK FOR THE ELECTRICITY SECTOR', Economic Papers, vol. 8, pp. 55 - 69, http://dx.doi.org/10.1111/j.1759-3441.1989.tb01077.x
1989
BATESON J; SWAN PL, 1989, 'Economies of Scale and Utilization: An Analysis of the Multi‐Plant Generation Costs of the Electricity Commission of New South Wales, 1970/71–1984/85', Economic Record, vol. 65, pp. 329 - 344, http://dx.doi.org/10.1111/j.1475-4932.1989.tb00686.x
1989
Swan PL; Bernstam MS, 1988, 'The Political Economy of the Symbiosis between Labour Market Regulation and the Social Welfare System', Australian Journal of Management, vol. 13, pp. 177 - 201, http://dx.doi.org/10.1177/031289628801300204
1988
BERNSTAM MS; SWAN PL, 1986, 'THE PRODUCTION OF CHILDREN AS CLAIMS ON THE STATE - A COMPREHENSIVE LABOR-MARKET APPROACH TO ILLEGITIMACY IN THE UNITED-STATES, 1960-1980', POPULATION INDEX, vol. 52, pp. 398 - 398, http://dx.doi.org/10.2307/3643635
1986
Swan PL, 1984, 'The Economics of Law: Economic Imperialism in Negligence Law, No‐Fault Insurance, Occupational Licensing and Criminology?', Australian Economic Review, vol. 17, pp. 92 - 108, http://dx.doi.org/10.1111/j.1467-8462.1984.tb00460.x
1984
Swan PL, 1984, 'RESOURCE RENT TAX: THE ISSUES', Economic Papers, vol. 3, pp. 1 - 10, http://dx.doi.org/10.1111/j.1759-3441.1984.tb00458.x
1984
Swan PL, 1983, 'THE CAMPBELL REPORT AND DEREGULATION', Economic Papers, vol. 2, pp. 177 - 193, http://dx.doi.org/10.1111/j.1759-3441.1983.tb00263.x
1983
Hillman AL; Swan PL, 1983, 'Participation rules for Pareto-optimal clubs', Journal of Public Economics, vol. 20, pp. 55 - 76, http://dx.doi.org/10.1016/0047-2727(83)90020-8
1983
SWAN PL, 1983, 'The Marginal Cost of Base‐Load Power: An Application to Alcoa's Portland Smelter', Economic Record, vol. 59, pp. 332 - 344, http://dx.doi.org/10.1111/j.1475-4932.1983.tb00823.x
1983
Swan PL, 1981, 'Durability and taxes: Market structure and quasi-capital market distortion', Econometrica, vol. 49, pp. 425 - 435, http://dx.doi.org/10.2307/1913319
1981
SWAN PL, 1980, 'The Mathews Report on Business Taxation:Rejoinder', Economic Record, vol. 56, pp. 270 - 277, http://dx.doi.org/10.1111/j.1475-4932.1980.tb01678.x
1980
Swan PL, 1980, 'Alcoa: The influence of recycling on monopoly power', Journal of Political Economy, vol. 88, pp. 76 - 99, http://dx.doi.org/10.1086/260848
1980
Hillman AL; Swan PL, 1979, 'Club participation under uncertainty', Economics Letters, vol. 4, pp. 307 - 312, http://dx.doi.org/10.1016/0165-1765(79)90175-7
1979
SWAN PL, 1978, 'The Mathews Report on Business Taxation', Economic Record, vol. 54, pp. 1 - 16, http://dx.doi.org/10.1111/j.1475-4932.1978.tb00312.x
1978
Swan PL, 1977, 'Guaranteed market share arrangements in passenger motor vehicles', Australian Journal of Management, vol. 2, pp. 149 - 160, http://dx.doi.org/10.1177/031289627700200204
1977
SWAN PL, 1977, 'PRODUCT DURABILITY UNDER MONOPOLY AND COMPETITION - REPLY', ECONOMETRICA, vol. 45, pp. 229 - 235, http://dx.doi.org/10.2307/1913299
1977
SWAN PL, 1976, 'OPTIMUM REPLACEMENT OF CAPITAL GOODS WITH LABOR-SAVING TECHNICAL PROGRESS - COMPARISON OF EARLY NEW ENGLAND AND BRITISH TEXTILE FIRM', JOURNAL OF POLITICAL ECONOMY, vol. 84, pp. 1293 - 1303, http://dx.doi.org/10.1086/260513
1976
Swan PL, 1976, 'Income Taxes, Profit Taxes and Neutrality of Optimizing Decisions', Economic Record, vol. 52, pp. 166 - 181, http://dx.doi.org/10.1111/j.1475-4932.1976.tb01576.x
1976
Swan PL, 1975, 'The Coase Theorem and ‘Sequential‘ Pareto Optimality', Economic Record, vol. 51, pp. 268 - 271, http://dx.doi.org/10.1111/j.1475-4932.1975.tb00249.x
1975
SWAN PL, 1974, 'USE OF ECONOMETRIC MODELS BY FEDERAL REGULATORY AGENCIES - STEELE,JL', JOURNAL OF BUSINESS, vol. 47, pp. 456 - 457, http://dx.doi.org/10.1086/295662
1974
Sieper E; Swan PL, 1973, 'Monopoly and competition in the market for durable goods', Review of Economic Studies, vol. 40, pp. 333 - 351, http://dx.doi.org/10.2307/2296454
1973
Swan PL, 1972, 'The influence of monopoly on product innovation: Rejoinder', Quarterly Journal of Economics, vol. 86, pp. 346 - 349, http://dx.doi.org/10.2307/1880572
1972
SWAN PL, 1972, 'OPTIMUM DURABILITY, SECOND-HAND MARKETS, AND PLANNED OBSOLESCENCE', JOURNAL OF POLITICAL ECONOMY, vol. 80, pp. 575 - 585, http://dx.doi.org/10.1086/259906
1972
SWAN PL, 1971, 'DURABILITY OF GOODS AND REGULATION OF MONOPOLY', BELL JOURNAL OF ECONOMICS AND MANAGEMENT SCIENCE, vol. 2, pp. 347 - 357, http://dx.doi.org/10.2307/3003172
1971
Swan PL, 1970, 'Market structure and technological progress: The influence of monopoly on product innovation', Quarterly Journal of Economics, vol. 84, pp. 627 - 638, http://dx.doi.org/10.2307/1880843
1970
SWAN PL, 1968, 'AUSTRALIAN BALANCE OF PAYMENTS AND CAPITAL IMPORTS, 1914-15 TO 1923-24', AUSTRALIAN ECONOMIC PAPERS, vol. 7, pp. 9 - 103, http://dx.doi.org/10.1111/j.1467-8454.1968.tb00154.x
1968
Book Chapters
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Swan P; Westerholm J, 2019, 'Market Architecture and Global Exchange Efficiency: One Design Need Not Fit All Stock Sizes', in Venetzia I (ed.), Behavioral Finance: The Coming of Age., 2019 World Scientific Publishing Co Pte Ltd, pp. 187 - 243, http://dx.doi.org/10.1142/9789813279469_0007
2019
Swan PL; Westerholm PJ, 2016, 'Are Domestic Household Investors Better Performers than Foreign Institutions? New Evidence from Finland (Peter L Swan and P Joakim Westerholm)', in Venezia I (ed.), Behavioral Finance 'Where Do Investors'' Biases Come From?', World Scientific, 5 Toh Tuck Link, Singapore 596224, pp. 115 - 155, http://dx.doi.org/10.1142/9789813100091_0004
2016
Swan PL, 2010, 'The Global Crisis and its Origins', in Kolb RW (ed.), Lessons from the Financial Crisis: Causes, Consequences, and Our Economic Future, John Wiley & Sons, Inc., Hoboken, NJ, pp. 51 - 58, http://dx.doi.org/10.1002/9781118266588.ch8
2010
Swan PL, 2007, 'FRIEDMAN`S IMPACT ON THE CONDUCT OF AUSTRALIAN MONETARY POLICY', in Lindsay G (ed.), MILTON FRIEDMAN: A TRIBUTE, edn. 1, Centre for Independent Studies (CIS), NSW, pp. 9 - 17
2007
Chen Z; Swan PL, 2007, 'Liquidity asset pricing model in a segmented equity market, Chapter 23, Stock market liquidity', in Lhabitant FS; Gregoriou GN (ed.), STOCK MARKET LIQUIDITY: IMPLICATIONS FOR MARKET MICROSTRUCTURE AND ASSET PRICING, edn. 1, WILEY FINANCE, HOBOKEN, NJ, pp. 417 - 444
2007
Swan P, 1982, 'Is There a case for Complete Integration of Corporate and Personal Taxes', in Australian Financial System Inquiry Commissioned Studies and Selected Papers, Australian Government Publishing Service, Canberra, pp. 1 - 33
1982
Swan P, 1982, 'An Optimum Business tax Structure for Australia', in Australian Financial System Inquiry Commissioned Studies and Selected Papers, Australian Government Publishing Service, Canberra, pp. 34 - 101
1982
Swan P; Harper I, 1982, 'The Welfare gains from Bank Deregulation', in Australian Financial System Inquiry Commissioned Studies and Selected Papers, Australian Government Publishing Service, Canberra, pp. 475 - 512
1982
Swan P, 1982, 'Further Notes on the Integration of Company and Personal Taxation', in Australian Financial System Inquiry Commissioned Studies and Selected Papers, Australian Government Publishing Service, Canberra, pp. 90 - 100
1982
Other
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Swan P, 2018, Evidence by Peter Swan and Cross Examination Senate ECONOMICS REFERENCES COMMITTEE Commitment to the Senate issued by the Business Council of Australia, Commonwealth of Australia, Canberra
2018
Patents
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Swan PL, 2011, “A Choice Engine”,, Patent No. 2006904543, https://www.google.com/patents/WO2008022384A1?cl=en
2011
Conference Presentations
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Swan PL; Honeine S, 2011, 'Is Company Performance Dependent on Outside Director 'Skin in the Game'?', presented at 20th Annual Australasian Finance and Banking Conference, Sydney, Australia, http://dx.doi.org/10.2139/ssrn.1746536
2011
Masulis R; Swan PL; Tobiansky B, 2011, 'Do Wealth Creating Mergers and Acquisitions Really Hurt Acquirer Shareholders?', presented at Financial Intermediation Research Society, Sydney Australia, 06 June 2011 - 08 June 2011, http://dx.doi.org/10.2139/ssrn.1787605
2011

Officer of the Order of Australia (AO) for Professor Peter Swan
The UNSW Business School’s Professor Peter Swan, has become an Officer of the Order of Australia (AO) as part of Queen’s Birthday Honours List June 2016.  Citation: ‘distinguished service to finance and commerce as a leading academic, journalist and commentator on domestic investment, and on a range of political and economic issues.’

Scientia Professor
UNSW appointed him to the title of Scientia Professor for the period, January 2003 - December2008, in recognition of international eminence in research.

Member of the Order of Australia (AM) for Professor Peter Swan
In the Queen's Birthday Honours List 9 June 2003 he was appointed as Member of the Order of Australia (AM). Citation: 'For services to academia as a scholar and researcher and through contributions to public policy in the fields of economics and finance'.

FASSA
Peter was elected as a Fellow of the Academy of Social Sciences in Australia (FASSA) in 1997.

Best Paper Prizes

  • Awarded Best Paper Prize for the Madrid European Financial Management Association (EFMA)Conference for “Leading the Herd to Greener Pastures: When Trade Imitation is the Most ‘Profitable’ Form of Flattery,” with Kingsley Fong, David R. Gallagher and Peter Gardner.
  • Awarded $1,500 first prize, for best paper at the FIRN/RMIT Governance Conference, November2005, for a paper on Institutional Monitoring (with Gavin Smith).
  • SIRCA Prize (with Joakim Westerholm) for best paper at Australasian Banking and Finance Conference in 2003.

Other Prizes

  • Qantas–Australian Pacesetter Scholarship in 1969 (Free Round the World Ticket).
  • Institute Prize for Economic History, ANU, 1965.
  • Economics Society Prize for Economics III, ANU, 1965.
  • Economics Society Prize for Economics II, ANU, 1964.

Corporate governance and executive compensation, Market microstructure , Asset Pricing, Fund Management

CEO Pay: What pay is right for a CEO?

08/02/2017

Federal finances and family budgets have a great deal in common

29/01/2015
Swan P, 2018, Why we should not give companies a tax cut, Fairfax, http://www.afr.com/opinion/columnists/why-we-should-not-give-companies-a-tax-cut-20180423-h0z45v
2018
Swan P, 2018, David Murray exposes decay of corporate board box-tickers, Fairfax, https://www.afr.com/opinion/columnists/why-dDavid-murray-is-justified-in-becoming-a-potential-lawbreaker-20180801-h13fdu
2018
Swan P, 2017, Why women make the best stock traders, https://theconversation.com/why-women-make-the-best-stock-traders-74081
2017
Swan P, 2016, Experienced shareholders better than independent directors for business, https://theconversation.com/experienced-shareholders-better-than-independent-directors-for-business-61160
2016
Swan P, 2014, CEO pay study shows how much Australians tolerate inequality, https://theconversation.com/ceo-pay-study-shows-how-much-australians-tolerate-inequality-32140
2014
Swan P, 2011, Treasurer should ban ASX takeover and allow market forces to operate, News Corporation, Sydney
2011
Swan P, 2011, Howard Government's Failure Set Scene for ASX-Singapore Debacle, News Corporation, Sydney
2011
Swan P, 2011, Share cap likely to kill ASX-Singapore exchange merger, News Corporation, Sydney, http://www.theaustralian.com.au/business/share-cap-likely-to-kill-asx-singapore-exchange-merger/story-e6frg8zx-1226014353422
2011
Swan P, 2011, It's academic: pros and cons of a scuttled stock exchange merger, ABC, Sydney, http://mpegmedia.abc.net.au/rn/podcast/2011/04/nit_20110408_1815.mp3
2011
Swan P, 2011, Swan right to reject Singapore takeover of ASX, News Corporation, Sydney, http://www.theaustralian.com.au/business/opinion/swan-right-to-reject-singapore-takeover-of-asx/story-e6frg9if-1226037469640
2011
Swan P, 2011, Firms do best with owner-directors, News Corporation, Sydney, http://www.theaustralian.com.au/business/companies/firms-do-best-with-owner-directors/story-fn91v9q3-1226169132286
2011
Swan P, 2011, Big boards invite two strikes, Fairfax, Sydney
2011
Swan P, 2011, Independent directors don't help investor cause, News Corporation, Sydney, http://m.theaustralian.com.au/OpinionNews/pg/0/fi299827.htm
2011
Swan P, 2010, We lose if merger goes ahead, Faifax media, Sydney
2010
  • FINS5576 Asset Pricing Theory
  • FINS5593 Microstructure of Markets
  • MFIN6210 Empirical Studies in Finance