The UNSW Business School’s Professor Peter Swan, from the School of Banking & Finance, has become an Officer of the Order of Australia (AO) as part of this year’s Queen’s Birthday Honours.
The UNSW Business School’s Professor Peter Swan, from the School of Banking & Finance, has become an Officer of the Order of Australia (AO) as part of this year’s Queen’s Birthday Honours.
The AO was awarded for distinguished service to finance and commerce as a leading a leading academic, journalist and commentator on domestic investment, and on a range of political and economic issues.
Professor Peter Swan said “I was not only surprised but delighted with the award as it keeps the AO in the family so to speak. Just over 28 years ago on our Bicentenary, in 1988, the Governor General announced my father’s almost identical award, Trevor Winchester Swan AO on Australia Day: ‘For service to education and to government particularly in the field of economics’.”
Professor Chris Styles, Dean of the UNSW Business School, said “This was a well-deserved recognition of his contributions and standing in the community, and I congratulate Peter.”
Recently Peter Swan has researched how corporate boards function. ‘The Complementary Roles of Board Incentives and Market Monitoring: Theory and Evidence’, reveals how the ASX Corporate Governance Council run by various professional director and related groups have forced the best performing directors whose interests are aligned with shareholders off Australian boards.
His paper ‘Is Market Volatility Systematically Priced while Illiquidity is Only Priced on the Down-Side?’ provides a new theory explaining the equity premium and why illiquidity is priced on one side of the market.
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