We examine the information flow between the equity and credit default swap (CDS) markets using firm level returns data before and after the Global Financial Crisis (GFC). Prior to the crisis, the information flow is unidirectional with equity returns leading CDS returns. While equity returns...

We report results from an incentivized lab-in-the-field experiment on delegation behavior among a sample of 64 Australian couples aged 60 years and above. Participants were required to complete a series of decision-making tasks, which they had the option of either completing independently or...

We examine the delegation behavior among Australian heterosexual couples aged 60 years and above using an incentivized experiment which requires participants to complete a series of ten financial decision-making tasks independently or delegate to their spouse. There is evidence of a strong...

We examine delegation of financial decision-making in Australian couples aged 60 years and above. Men show extremely low likelihood of delegating to their spouse. The odds of women delegating to their husbands are nearly 25 times higher than that of men delegating to their wives. This gender...

We compare the performance of the commonly nominated default retirement investment option, the lifecycle fund, to alternative investment strategies during retirees' decumulation phase. Under different shortfall risk measures, we find balanced portfolios with constant exposure to equities, equity...

We compare the performance of the commonly nominated default retirement investment option, the lifecycle fund, to alternative investment strategies during retirees' decumulation phase. Under different shortfall risk measures, we find balanced portfolios with constant exposure to equities, equity...

Lifecycle funds offered to retirement plan participants gradually reduce their exposure to stocks as they approach the target date of retirement. We show that such deterministic switching rules produce inferior wealth outcomes for the investor compared to strategies that dynamically alter the...

We find negative relationship between historical price-earnings (P/E) ratio and following year's stock returns in Australia and New Zealand. The existence of P/E effect is consistent with prior research in US market but the effect seems to be stronger and short-lived. Whilst the excess returns...

Lifecycle funds offered to retirement plan participants gradually reduce their exposure to stocks as they approach the target date of retirement. We show that such deterministic switching rules produce inferior wealth outcomes for the investor compared to strategies that dynamically alter the...