September - 2019
M T W T F S S
  01
02 03 04 05 06 07 08
09 10 11 12 13 14 15
16 17 18 19 20 22
23 24 25 26 27 28 29
30  

Jerry Parwada

is an Associate Professor and Head of Banking and Finance in the Australian School of Business at the University of New South Wales, Sydney, Australia. Jerry attended St. Ignatius College in Zimbabwe. His undergraduate honours degree in finance is from the National University of Science and Technology and he was awarded a PhD in finance from Edith Cowan University, where he also took his MBA. Jerry's research specializes in investment management and financial markets. His works have been published in internationally renowned finance journals, including Journal of Financial and Quantitative Analysis and Financial Management. Jerry is an active consultant to industry on issues relating to managed funds and valuation and, since 2012, has served on the Credit Suisse Endowment Advisory Council. He is a regular speaker at local and international finance conferences.

Back to speakers

Jerry Parwada, Donald Winchester and Bohui Zhang: Empirical Test of a Theory of Heterogeneous Investors, Trading Frenzies and Information Flow Around Public Information Releases

We empirically examine Kondor’s (2012) untested theoretical model of heterogeneous trading horizons with common priors, that if there are a greater number of short horizon trader’s in the investor base it correlates with higher equity trading volumes, more inflow of information in response to public stock specific announcements, and, potentially, volatility. Using institutional U.S. trade data for common stocks from 2000 to 2009 we find results in support of the theory.

Last modified: 2018.11.30.