UC Spark

Dr Warwick Wyndham Anderson

Department of Economics and Finance

Fields of Research

  • Company finance
  • Event studies
  • Corporate governance

Researcher Summary

Research interests include dividend signalling, share price behaviour associated with information events and event study methodology.  Of particular interest is the area of methodology design with respect to event studies conducted in thinly-traded markets.
In addition, corporate governance

Subject Area: Disciplines

Future Research

  • Corporate governance
  • Corporate distress

Key Methodologies

  • Event study methodology research employing Monte Carlo simulations
  • Event Studies with methodologies designed for operation in a thinly-traded market
  • Event studies employing friction modelling

Research Service

  • Member of 2011 New Zealand Finance Colloquium Organising Committee responsible for venue booking, accommodation and catering (2010-2011)
  • INFINZ (Institute of Finance Professionals NZ Inc.)-- non-certified membership (2007-present)
  • AFAANZ (The Accounting and Finance Association of Australia and New Zealand) -- member (2006-present)

Publications


  • Anderson, W. and McLaughlin, S. (2012) Buybacks versus Ordinary Dividends: Marginal Investor reactions to Cash-return Announcements. Albany, New Zealand: 16th New Zealand Finance Colloquium, 9-10 Feb 2012. http://www.nzfc.ac.nz/archives/2012/papers/updated/26.pdf. (Conference Contribution - Paper in published proceedings)
  • Anderson, W. and Chang, A. (2011) Are Profit Warnings and Suspension Notices Adequate Distress Disclosures on the New Zealand Stock Exchange? International Research Journal of Finance and Economics 2011(73): 27-45. http://www.eurojournals.com/IRJFE_73_03.pdf. (Journal Article)
  • Anderson, W. W. (2011) Dealing with Trading Thinness in Event Studies: an Improved Trade-to-trade Model. christchurch: 15th New Zealand Finance Colloquium, 10-11 February 2011. (Conference Contribution - Full conference paper)
  • Anderson, W.W. and Chang, A. (2011) The Impact of Disclosures of Financial Distress on the Market Value of Shares of Publicly-Listed New Zealand Firms. Darwin, Australia: 2011 Accounting and Finance Association of Australia and New Zealand (AFAANZ), 3-5 Jul 2011. (Conference Contribution - Paper in published proceedings)
  • Anderson, W.W. (2010) A Revised Trade-to-Trade Model for All Levels of Trading Thinness in Event Studies. Sydney, Australia: 23rd Australasian Finance & Banking Conference (AFBC), 15-17 Dec 2010. In Proceedings of the 23rd Australasian Finance & Banking Conference (AFBC) 33pp. http://ssrn.com/abstract=1663555. (Conference Contribution - Paper in published proceedings)
  • Anderson, W. (2010) Zero-Value Company Returns, Thin Trading and the Use of State Asset Pricing Models in Event Study Research. Auckland, New Zealand: 14th New Zealand Finance Colloquium, 11-12 Feb 2010. Paper 230. http://nzfc.ac.nz/archives/2010/papers/230.pdf. (Conference Contribution - Paper in published proceedings)
  • Anderson, W. (2009) Alternative event study methodology for detecting dividend signals in the context of joint dividend and earnings announcements. Accounting and Finance 49(2): 247-265. http://dx.doi.org/10.1111/j.1467-629X.2008.00289.x. (Journal Article)
  • Anderson, W. (2007) An Alternative Event Study Methodology for detecting Dividend Signals in the Context of Joint Dividend and Earnings Announcements. Gold Coast, Australia: 2007 Accounting and Finance Association of Australia and New Zealand (AFAANZ) Annual Conference, 1-3 Jul 2007. 40pp. (Conference Contribution - Full conference paper)
  • Anderson, W.W. (2006) An investigation of dividend signalling on the New Zealand Stock Exchange in the 1990s and of several new tools employable in such an investigation. PhD, University of Canterbury, Christchurch, New Zealand. http://hdl.handle.net/10092/861. (Thesis - Doctor of Philosophy)
  • Anderson, W.W. (1999) The Role of Company Dividend Announcements as a Signalling Device: a New Zealand Investigation. Cairns, Queensland: Accounting Association of Australia and New Zealand 1999 Doctoral Colloquium, July 1-3 1999. 36 pp.. (Conference Contribution - Other)
  • Anderson, W.W. and Sawyer, A.J. (1997) Legislative Complexity: The Need for Appropriate Variables and Some Likely Candidates. New Zealand Journal of Taxation Law and Policy 3(1): 3-44. (Journal Article)
  • Anderson, W.W. and Newberry, S.M. (1997) Organizational Boundaries and the Struggle for Control within a Major National Charity. Manchester: Proceedings of the Fifth Interdisciplinary Perspectives on Accounting Conference, 1/07/1997. 1(4) 29pp.. (Conference Contribution - Other)