Faculty of Economics and Commerce Department of Finance

Kevin Davis
Professor, Director, Melbourne Centre for Financial Studies

Biography

Kevin Davis is the Commonwealth Bank Group Professor of Finance. Prior to his appointment at the University of Melbourne in 1987, he was a Senior Lecturer in Economics at the University of Adelaide. His primary research interests are in the areas of financial institutions and markets, financial engineering and corporate finance. He is co-author/editor of sixteen books in the areas of finance, banking, monetary economics and macroeconomics and numerous journal articles and chapters in books. He is on the Board (and previously Chairperson) of the Melbourne University Credit Union, and has developed and presented numerous training programs for banks and businesses. He has undertaken an extensive range of consulting assignments for financial institutions, business and government. He has been Director of the Melbourne Centre for Financial Studies since July 2005 (www.melbournecentre.com.au)

Qualifications

BEc (Hons) Flinders, MEc ANU,SF Fin, FFTP

Research Interests

Financial institutions management, treasury management, financial engineering, corporate financial policy, financial markets

Professional Affiliations

Economics Society of Australia, 1970 - Accounting and Finance Association of Australia and New Zealand, 1988- Finance and Treasury Association (previously, Australian Society of Corporate Treasurers), 1988-. (Fellow of Association) American Economic Association, 1975- American Finance Association, 1975- Financial Management Association, 1989- Australian Institute of Banking and Finance, 1993- (Fellow of Institute) Pacific Basin Financial Management Society, 1999- 2003(President, 2000-2001) Asian Finance Association – Board Member 2003-

Publications

Journal Articles
  1. Kevin Davis. Forthcoming. "Portfolio Maturity Choice of Australian Cash Management Trusts", International Review of Financial Analysis,
  2. K. Davis. 2007. "Increasing Household Financial Risk – An Increasing Social Risk", Dialogue, 26 (3): pp. 19-32.
  3. K. Davis. 2007. "Financial Regulation: trends and prospects", The Melbourne Review, 3 (1): pp. 35-40.
  4. K. Davis. 2006. "Access Regime Design and Required Rates of Return: Pitfalls in Adjusting for Inflation and Tax", Journal of Regulatory Economics, 1
  5. K. Davis and C. Brown. 2006. "Credit Markets and the Sons of Gwalia Judgement", Agenda, 13 (3):
  6. Kevin Davis. 2005. "“Basel 2” .", Journal of Banking and Financial Services, (Australasian Institute of Banking and Finance), (Feb):
  7. Kevin Davis. 2005. "Demutualization and Credit Unions", Managerial Finance, 11 (31): pp. 6- 25..
  8. Christine Brown and Kevin Davis. 2005. "Taxation of Capital Protected Equity Products and Borrowing Arrangements", Agenda, 3 (12): pp. 239-252.
  9. Kevin Davis. 2005. "PPPs and Infrastructure Finance", Australian Economic Review, 38 (4): pp. 439-444.
  10. Kevin Davis. 2005. "“The Systematic Risk of Debt: Australian Evidence”", Australian Economic Papers, (February): pp. 30-46.
  11. Kevin Davis. 2004. "“The Design of Regulatory Pricing Models for Access Arrangements: Inflation, Tax and Depreciation Considerations”", Accounting Research Journal, 17 (1): pp. 6-18.
  12. Christine Brown and Kevin Davis. 2004. "“Dividend Protection at a Price: Lessons from Endowment Warrants”", Journal of Derivatives, 12 (Winter): pp. 62-68.
  13. Geoffrey Burrows and Kevin Davis. 2003. "“Protecting Employee Entitlements”", Australian Economic Review, (2):
  14. Kevin Davis. 2003. "“Government Debt Guarantee Fees”", The Finance and Treasury Professional,, 15 (August,3): pp. 21-26.
  15. Kevin Davis. 2002. "Access Pricing and Asset Valuation", Agenda, 9 (3): pp. 65-77.
  16. KT Davis. 2001. "Credit Union Governance and Survival of the Cooperative Form", Journal of Financial Services Research, 19 (2/3): pp. 197-210.
  17. KT Davis and G Lim. 2001. "Foreign Exchange Volatility, Causes and Consequences - An Overview", Economic Papers, (Special Issue): pp. 1-5.
  18. KT Davis. 1999. "Governance and Australian Financial Institutions", Pacific Economic Papers, (294):
  19. KT Davis and G Lim. 1999. "An Overview - Managing Risk: What have We Learnt?", Economic Papers, 18 (4): pp. 2-6.
  20. CA Brown and KT Davis. 1998. "Real Options in Mutually Exclusive Projects", Quarterly Review of Economics and Finance, 38 (Special Issue): pp. 569-577.
  21. KT Davis. 1997. "Redesigning Australia’s Financial System", submission to the Wallis Inquiry,
  22. KT Davis. 1997. "Credit Unions: Can They Survive", Agenda, 4 (3): pp. 317-328.
  23. RM Brown and KT Davis. 1997. "A Perspective on the Wallis Report", Australian Economic Review, 30 (3): pp. 310-315.
  24. KT Davis. 1997. "Financial Restructuring in Australia", Economic Papers, 16 (2): pp. 1-18.
  25. T Brailsford and KT Davis. 1996. "Imputation: Part 3", JASSA,
  26. KT Davis. 1996. "Converting Preference Shares: An Australian Capital Structure Innovation", Accounting and Finance, 36 (2): pp. 213-228.
  27. KT Davis and M Lawriwsky. 1996. "Test Bank to Accompany J Van Horne, J Wachowicz, K Davis, and M Lawriwsky", Financial Management and Policy in Australia,
  28. KT Davis. 1996. "The Future of Banking", Scope, ANZ Internal Magazine,
  29. KT Davis. 1996. "Financing Australia’s Growth and Development", Journal of Applied Finance and Development,
  30. T Brailsford and KT Davis. 1995. "Valuation with Imputation: What it Means to the Cost of Capital", JASSA, 1 pp. 14-18.
  31. KT Davis. 1995. "Bank Deregulation, Supervision, and Agency Problems", Australian Economic Review, (3): pp. 99 17-28.
  32. KT Davis. 1995. "The Last Days of The Credit Union?", JASSA, (3): pp. 30-31.
  33. T Brailsford and KT Davis. 1995. "Undertanding Imputation", JASSA, 4 pp. 14-18.
  34. KT Davis and M Lawriwsky. 1995. "Solutions Manual to Accompany J Van Horne, J Wachowicz, K Davis, and M Lawriwsky", Financial Management and Policy in Australia,
  35. KT Davis. 1994. "Prudential Regulation and Cooperative Financial Institutions", Australian Journal of Management, 19 (1): pp. 31-46.
  36. KT Davis and GC Lim. 1994. "Structural Adjustments and the Financial Sector: An Overview", Economic Papers, (Special Edition): pp. 1-5.
  37. K. Davis. . "Australian Credit Unions and the Demutualization Agenda", Annals of Public and Cooperative Economics, 2 (June ): pp. 277-300.
top of page
Books
  1. O Covick, KT Davis, B Hughes, and M Polasek, 1995. State of Play 8, An INDECS Special Report
  2. KT Davis and M Lawriwsky, 1995. Solutions Manual to Accompany Financial Management and Policy in Australia
top of page
Book Chapter(s)
  1. K. Davis, 2008. "Employees as Creditors: Protecting their Claims" in Flinders Essays (ed R Schlomovitz) Conference Volume to Celebrate the Careers of Keith Hancock, Metody Polasek and Bob Wallace: Founders of the Discipline of Economics at Flinders University
  2. K. Davis, 2008. "Financial Sector reform: Longer-run policy responses to the Asian Crisis" in Advancing East Asian Integration (ed T Henckel) Conference Volume of East Asia Bureau of Economic Research
  3. K. Davis, 2007. "Banking Concentration, Financial Stability and Public Policy" in The Structure and Resilience of the Financial System
  4. KT Davis, 2003. "Financial Reform in Australia" in “Financial Reform in Australia” in M J B Hall (ed) International Handbook of Financial Reform,
  5. KT Davis, 1999. "Reform of Australian and New Zealand Financial MarketsG de Brouwer and W Pupphavesa (eds)" in Asia Pacific Financial Deregulation
  6. KT Davis and JC Handley, 1998. "The cost of capital and access arrangements" in Infrastructure Regulation and Market Reforms: Principle and Practice
  7. KT Davis, 1997. ""Public Sector Securities Markets" in M.K.Lewis and R.H.Wallace (eds)" in The Australian Financial System : Evolution, Policy and Practice
  8. KT Davis, 1997. ""Corporate Debt Markets" in M.K.Lewis and R.H.Wallace (eds)" in The Australian Financial System: Evolution, Policy and Practice
top of page

Working Papers

  1. "Portfolio Maturity Choice of Australian Cash Management Trusts" - Kevin Davis,
  2. "Pawnbroking: A Credit Market where default might be appreciated" - Kevin Davis,
  3. "Taxation of Capital Guaranteed Equity Products and Borrowing Arrangements" - Christine Brown and Kevin Davis,
  4. "Employee Entitlements and the Maximum Priority Proposal" - Kevin Davis and Jeanette Lee,
  5. "Designing Banking Sector Safety Nets: Australian Experience" - Kevin Davis,
  6. "Access Regime Design and Required Rates of Return: Pitfalls in Adjusting for Inflation and Tax Effects" - Kevin Davis,
  7. "Credit Unions and Demutualization" - Kevin Davis, Forthcoming in Managerial Finance
top of page
top of page