Kathy joined UTS in July 2017. She has a research focus on capital markets. She has been published internationally and has attracted substantial research grant funding. Her current research is on Chinese capital markets with a particular focus on the internationalisation of the Renminbi. She recently co-authored a substantial report commissioned by the Centre for International Finance and Regulation. Her most recent project on offshore Renminbi centres was commissioned by the NSW Deptment of Industry and the Sydney Business Chamber. It was co-authored with Geoff Weir and was released on 4th November 2015.
Kathy has over 20 years’ experience as an academic with prior positions at ANU, University of NSW and Sydney University. She holds a PhD in finance from the Australian Graduate School of Management and a first class Honours Degree in Finance. Prior to her academic career Kathy worked for 10 years in the Insurance sector.
Large research grants:
- The importance of Being Politically Connected, ARC Discovery grant, 2015 $210,000
- Offshore RMB Hubs, NSW Govt and ANU, 2014, $160,000
- The Internationalisation of the Renminbi, CIFR and ANU, 2013, $250,000
- The Role of Corporate Governance Mechanisms in Maximising the Performance of Listed Australian Corporations, ARC Linkage, 2007, $262,000
Can supervise: YES
Internationalisation of the Renminbi, Chinese capital markets, asset pricing
Bohmann, M, Michayluk, D, Patel, V & Walsh, K 2019, 'Liquidity and earnings in event studies: Does data granularity matter?', Pacific-Basin Finance Journal, vol. 54, pp. 118-131.View/Download from: Publisher's site
Tan, DT, Chapple, L & Walsh, KD 2017, 'Corporate fraud culture: Re-examining the corporate governance and performance relation', ACCOUNTING AND FINANCE, vol. 57, no. 2, pp. 597-620.View/Download from: Publisher's site
Clarke, K, Walsh, KD & Flanagan, J 2015, 'How prevalent are post-completion audits in Australia?', Accounting, Accountability and Performance, vol. 18, no. 2, pp. 51-78.
Walsh, KD 2015, 'Renminbi Trade Invoicing: Benefits, impediments and tipping points', JASSA, vol. 2, pp. 33-41.
Schultz, EL, Tan, DT & Walsh, KD 2010, 'Endogeneity and the corporate governance - performance relation', Australian Journal of Management, vol. 35, no. 2, pp. 145-163.View/Download from: Publisher's site
The governance-performance literature is characterized by its inability to reach a consensus regarding the nature of the relation. We posit that these inconsistent findings are symptomatic of inadequacies in the econometric techniques employed when adjusting for all forms of endogeneity. To test this, we fit a comprehensive model of performance and governance using a range of econometric techniques. Once a dynamic generalized method of moments (GMM) specification robust to all forms of endogeneity is employed, we observe no causal relation between governance and firm performance, suggesting that apparently significant relations uncovered by pooled ordinary least squares (OLS) and fix-effects models are the result of spurious correlations. © The Author(s) 2010.
Walsh, KD 2006, 'Is the Exante Risk Premium Always Positive? Further Evidence', Australian Journal of Management, vol. 31, no. 1, pp. 93-114.
Allen, DE, MacDonald, G, Walsh, KD & Walsh, DM 2002, 'Using Regression Techniques to Estimate Futures Hedge Ratios Some Results from Alternative Approaches Applied to Australian 10 Year Treasury Bond Futures', Research in International Business and Finance, vol. 16.
Guido, R & Walsh, K 2001, 'Equity Market Valuation: Assessing the Adequacy of Value Measures to Predict Index Returns', Australian Journal of Management, vol. 26, no. 2, pp. 163-196.View/Download from: Publisher's site
Walsh, D, Walsh, KD & Evans, J 1998, 'Assessing estimation error in a tracking error variance minimization framework', Pacific-Basin Finance Journal, vol. 6, pp. 175-192.
Clarke, KJ & Walsh, KD 1970, 'Do firms Firms Conduct Project Postmortems?', 2nd Asian Business & Management Conference Program & Proceedings, The International Academic Forum, 2nd Asian Business & Management Conference, Japan.
Tan, D & Walsh, KD 1970, 'Bears and Pairs', 2nd Asian Business & Management Conference Program & Proceedings, The International Academic Forum, 2nd Asian Business & Management Conference, Japan.
Pattenden, K & Walsh, KD 1970, 'Getting Sentimental about Japanese Bear Markets', 1st Asian Business & Management Conference Program & Proceedings, The International Academic Forum, 1st Asian Business & Management Conference, Japan.
Allen, D, Souness, N & Walsh, KD 1997, 'Panel Data Estimates of Minimum Variance Hedge Ratios on the Sydney Futures Exchange for Interest Rate Contracts', Econometric Society Australasian Meetings Conference Proceedings, Econometric Society Australasian Meetings, Melbourne, Australia.
Walsh, KD & Wier, G NSW Department of Industry 2015, Renminbi Internationalisation and the Evolution of Offshore RMB Centres: Opportunities for Sydney, pp. 1-151, Sydney, Australia.
Eichengreen, B, Walsh, KD & Weir, G Centre for International Finance and Regulation 2014, Internationalisation of the Renminbi: Pathways, Implications and Opportunities, Sydney, Australia.
Walsh, KD 2014, RMB Trade Invoicing: Benefits, Impediments and Tipping Points, 2nd Annual Hong Kong Australian Renminbi Dialogue, pp. 1-12, Canberra, Australia.
Walsh, KD 2016, 'China's currency plan still on track, despite global market volatility', The Conversation.
Walsh, K.D. 2015, 'Australia – ideally placed as a leading RMB trading and clearing hub', Redback Reporter.
Walsh, K.D. 2014, 'Why China will come up short in the currency battle', China Spectator.
Williams, M. 2014, 'Hurdles to jumping on Renminbi bandwagon', Asia-Pacific Banking + Finance.
Cadden, J 2014, 'RBA's Lowe encourages freer renminbi trade', Sydney Morning Herald.
Casey, MJ 2014, 'China Yuan Reforms Seen Pushing Asset Markets Into World's Top Two', Wall Street Journal.
Cole, W 2014, 'China currency liberalization to be a 'seismic event': Australia', Reuters.
Doogue, G 2014, 'Financial ties with China', Radio National.
Lowe, P 2014, 'Some implications of the Internationalisation of the renminbi', Bank for International Settlements.
Redman, E 2014, 'Changes to RMB could benefit Aust: RBA', The Australian.
Ryan, F 2014, 'Why China will come up short in the currency battle', China Spectator.
Sheridan, E 2014, 'Central bank activity due in the Asian timezone today – a lot of it …', ForexLive.
Walsh, K 2014, 'Australia – ideally placed as a leading RMB trading and clearing hub', Redback Reporter.
Walsh, K 2014, 'Renminbi's Rise as World Currency Brings Australian Implications', Global Custodian.
Walsh, K 2014, 'RMB to be key international reserve currency within a decade, report says', The Asset.
Weir, G 2014, 'Why the yuan's weakness is not an issue', CNBC.
Williams, M 2014, 'Hurdles to jumping on renminbi bandwagon', Asia-Pacific Banking + Finance.