University of Sydney Business School: Recent submissions
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Asymmetries of Stock Returns and Price Delay
Published 2021-12-08Prior studies have demonstrated that stock returns exhibit non-linear dependence -- down-side beta different from upside beta -- and asymmetric correlations -- higher correlations during periods of negative market moves ...Open AccessWorking Paper -
Resurgence of Demand Responsive Transit services – Insights from BRIDJ trials in Inner West of Sydney, Australia
Published 2020This paper outlines the key insights gained from the Demand Responsive Transit (DRT) operations in Inner West Sydney, since its commencement in July 2018. In the context of Inner West Sydney, DRT plays the role of a feeder ...Open AccessConference paper -
Understanding bidder behaviour: The case of the Mamelodi contract
Published 2020The South African government has had a nearly 17 year moratorium on new commuter bus contracts. In late 2017, the government lifted this moratorium which enabled the Gauteng Provincial Government to design a service for a ...Open AccessConference paper -
Transport Industry Adapting to Change: An Australian Case Study
Published 2020Growing governmental reluctance to fund local bus services is leading to increased interest in demand responsive transport (DRT). At the same time, the use of technology to facilitate access to DRT is creating circumstances ...Open AccessConference paper -
Are Conditional Factors Priced? Characterizing Risk Premia of Conditional Systematic Risk Factors with Staggered Regressions
Published 2021-12-08We introduce the staggered Fama-MacBeth regression method and use it to evaluate economic significance of popular conditional systematic risk factors. Prior literature demonstrated that exposure to these factors is ...Open AccessWorking Paper