This study examines the portfolio-diversification benefits of listed infrastructure stocks. We
employ three different definitions of listed infrastructure and tests of mean–variance spanning. …

This article proposes an empirical evaluation of credit risk in private infrastructure project
finance (PF) debt. Despite its importance in the practice of banking, PF has received little …

This study examines the risk factors in Australian bond returns. The study quantifies bond
liquidity and estimates a liquidity risk factor in the Australian setting. We develop a three‐factor …

This paper considers the accuracy (or otherwise) of cost of equity estimates provided by a
range of Australian asset pricing models on industry returns. The results suggest that a simple, …

This study examines some of the challenges facing Public Private Partnerships (PPPs) in
Australia. Specifically, we consider the characteristics of projects when the private and public …

Private equity valuations of private companies are either appraised or estimated, thereby
leading to several distortions isuch as return smoothness, unrealistically high Sharpe ratios, …

Can asset pricing models predict the future returns of publicly-listed infrastructure and public-private
partnerships (PPPs) in Australia? We find that asset pricing models exhibit poor out-…

This research examines the ability of systematic risk factors to explain the returns of bonds
issued by Public Private Partnerships (PPPs) in Australia. This study employs the systematic …

This research examines recent developments in asset pricing theories and their ability to
explain Australian bond market returns. This study develops a multifactor bond pricing model in …

Whilst the post-merger performance of merged firms has been extensively investigated,
corresponding scrutiny has not been applied to the entities subject to unsuccessful takeover …