Accounting and Finance academics receive ARC discovery grant

Professor Robert Faff and Dr Balasingham Balachandran from the Department of Accounting and Finance have teamed up with Professor Michael Theobald from the University of Birmingham, UK, to obtain an ARC discovery grant on “Asset pricing, signal type and overconfident investors” (2006-2008).

As part of this grant, they extend the Heinkel and Schwartz (1986, Journal of Finance) signalling model in their work titled “Rights offerings, take-up, renounce ability and underwriting status”.

This paper is forthcoming in the Journal of Financial Economics (http://jfe.rochester.edu/forth.htm ).