clive-gaunt

Clive Gaunt
Dr Clive Gaunt
Senior Lecturer in Finance
  • PhD, A finance analysis of taxicab industry regulation (Queensland University of Technology)
  • MFM (The University of Queensland)
  • BBus (Brisbane College of Advanced Education)
Ph: 
+61 7 3346 8028
Fax: 
+61 7 3346 8166
Room 320, Colin Clark Building, St. Lucia Campus

    Research interests

    Are financial markets efficient?
    That is, do they quickly and accurately impound all available information? Early (1970s – early 1980s) empirical research found in favour of market efficiency. However, starting in the mid 1980s empirical research began appearing in quality journals presenting evidence to the contrary. In a seminal article, DeBondt and Thaler (1985) suggested that investors are prone to systematically over-reacting to both good and bad news. They supported their thesis with empirical evidence that stocks that performed the best over a given three year period performed poorly over a subsequent three year period, and vice versa. Their research re-ignited the market efficiency debate that continues to this day and forms the basis of my current research program.

    Publications

    View full publications list

    Memberships

    • 1990-2000 Member Australian Computer Society (MACS)

    Distinctions

    2001 AAANZ Peter Brownell Manuscript Award
    (Coveted award for best published paper in ‘Accounting and Finance’ Journal for year 2000)
    Paper titled: ‘The impact of share price on seasonality and size anomalies in the Australian equity market’
    2000 Winner of a best paper award for ‘The Incremental Association of Disclosed Cash Flows with Stock Returns: Australian Evidence’, presented at the 11th International Conference of Accounting Academics, Hong Kong, June 2000.
    1999 Winner of a best paper award (and PACAP research fellow) for 'Overreaction in the Australian Equity Market: 1974-1997', presented at the PACAP Conference, Singapore, July 1999.

    Major research grants

    Title Agency Year Amount
    Towards a deeper understanding of market efficiency: evidence from directors trads, large single day share price movements and managed fund performance persistence. UQ New Staff Research Grant 2001-2002 $10,000