2023 UTS Finance Department Research Showcase
Dear colleagues and friends of the UTS Finance Department,
We warmly invite you to join the 2023 Finance Research Showcase Webinar hosted by the UTS Finance Department, featuring discussions on Scams in Initial Coin Offerings, 'Shadow' Insider Trading, and Super Fund Regulation.
When: Friday 5th May 2023 at 2 pm (Australian Eastern Standard Time)
Meeting Link: The webinar link (ID) will be displayed to you after you register for the event.
Cost: This is a free event
Registration: Click here
Join the UTS Business School's Finance Department for its Finance Research Showcase on May 5th, 2023, from 2- 3 pm (AEST). Engage with cutting-edge finance research presented by three UTS Finance academics. Each presentation will feature a 5-minute research overview, followed by insightful commentary from industry expert Dr. Laura Ryan (Head of Research, Ardea Investment Management), and a 5-minute audience Q&A session. Experience a fast-paced research "speed date" afternoon!
Speakers and topics include:
Dr Kenny Phua: Scams in Initial Coin Offerings - This study examines 5,935 ICOs to understand the economics of financial scams. Evidence shows that ICO issuers strategically target naïve investors by misrepresenting offering characteristics across listing websites. Misrepresented ICOs carry higher scam risk and attract less sophisticated investors, emphasizing the need for due diligence.
Associate Professor Vinay Patel: ‘Shadow’ Insider Trading - This study uncovers "shadow trading," a new form of insider trading involving ETFs containing target stocks in upcoming M&A announcements. Abnormal trading is identified in 3-6% of same-industry ETFs prior to announcements, amounting to $212 million annually. The findings indicate insider trading is more widespread than previously thought.
Dr Hardy Hulley: Super Fund and Regulation - This analysis examines distortions caused by the Your Future, Your Super performance test, shifting super fund objectives from maximizing returns to avoiding test failure. It highlights significant impacts on asset allocation, potentially harming long-term member outcomes, and emphasizes the importance of refining performance benchmarks to mitigate these effects.
This event is for professionals in the finance, investment, banking and related industries and anyone who is interested in the latest thinking in these fields. Please feel free to distribute this information to anyone in your professional network who you believe may be interested in attending.
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