Overview
Background
Stephen Gray is the Malcolm Broomhead Chair in Finance at UQ Business School.
He is an active consultant and researcher in the areas of valuation, cost of capital, corporate financial strategy, financial modeling, financial risk management, and the creation of shareholder value.
He is well known for his work on empirical finance, asset-pricing and corporate finance which has been published in leading academic and practitioner journals. Stephen teaches a range of award and executive education courses in financial management, asset valuation, and corporate finance at UQ Business School, and has been recognised by the Prime Minister’s Award for University Teacher of the Year in the Economics, Business and Related Studies field.
He has Honours degrees in Commerce and Law from the University of Queensland and a PhD in financial economics from the Graduate School of Business at Stanford University.
He is an active consultant to industry on issues relating to valuation, cost of capital, corporate financial strategy, financial modeling, financial risk management and the creation of shareholder value. He is frequently engaged as an expert on financial, valuation, regulatory and competition matters in court proceedings.
Availability
- Professor Stephen Gray is:
- Available for supervision
- Media expert
Fields of research
Qualifications
- Bachelor (Honours) of Commerce, The University of Queensland
- Bachelor (Honours) of Law, The University of Queensland
- Doctor of Philosophy, Stanford University
Works
Search Professor Stephen Gray’s works on UQ eSpace
2000
Conference Publication
The value of dividend imputation tax credits
Cannavan, D. M., Finn, F. J. and Gray, S. F. (2000). The value of dividend imputation tax credits. AAANZ 2000 Annual Conference, Hamilton Island, 2-4 July 2000. Melbourne: Accounting and Finance Association of Australia and New Zealand (AAANZ).
1999
Journal Article
Reset put options: Valuation, risk characteristics, and an application
Gray, S. F. and Whaley, R. E. (1999). Reset put options: Valuation, risk characteristics, and an application. Australian Journal of Management, 24 (1), 1-20. doi: 10.1177/031289629902400101
1999
Book Chapter
Volatility in energy prices
Duffie, D., Gray, S. F. and Hoang, P. (1999). Volatility in energy prices. Managing Energy Price Risk. (pp. 273-289) edited by R. Jameson. London: Risk Publications.
1998
Journal Article
Target zones and exchange rates:: An empirical investigation
Bekaert, Geert and Gray, Stephen F. (1998). Target zones and exchange rates:: An empirical investigation. Journal of International Economics, 45 (1), 1-35. doi: 10.1016/S0022-1996(97)00034-2
1997
Journal Article
Valuing S&P 500 bear market warrants with a periodic reset
Gray, Stephen F. and Whaley, Robert E. (1997). Valuing S&P 500 bear market warrants with a periodic reset. Journal of Derivatives, 5 (1), 99-106. doi: 10.3905/jod.1997.407987
1996
Journal Article
Modeling the conditional distribution of interest rates as a regime-switching process
Gray, Stephen F. (1996). Modeling the conditional distribution of interest rates as a regime-switching process. Journal of Financial Economics, 42 (1), 27-62. doi: 10.1016/0304-405x(96)00875-6
1995
Journal Article
The efficiency of Australian football betting markets
Brailsford, T. J., Easton, S. A., Gray, P. K. and Gray, S. F. (1995). The efficiency of Australian football betting markets. Australian Journal of Management, 20 (2), 167-196.
1989
Journal Article
Put Call Parity: An Extension of Boundary Conditions
Gray S.F. (1989). Put Call Parity: An Extension of Boundary Conditions. Australian Journal of Management, 14 (2), 151-169. doi: 10.1177/031289628901400203
1986
Other Outputs
Put- call parity and the efficiency of the Australian exchange- traded options market
Gray, Stephen (1986). Put- call parity and the efficiency of the Australian exchange- traded options market. Honours Thesis, Department of Commerce, The University of Queensland. doi: 10.14264/219813
Funding
Current funding
Supervision
Availability
- Professor Stephen Gray is:
- Available for supervision
Before you email them, read our advice on how to contact a supervisor.
Supervision history
Current supervision
-
Doctor Philosophy
Three Essays in Real Estate Asset Pricing
Associate Advisor
Other advisors: Professor Shaun Bond
Completed supervision
-
2020
Doctor Philosophy
The effect of dividend imputation tax credits on market equilibrium
Principal Advisor
Other advisors: Dr Duy-Minh Dang
-
2017
Doctor Philosophy
Essays on Implied Dividends
Principal Advisor
Other advisors: Dr Vanitha Ragunathan
-
-
-
-
2008
Doctor Philosophy
Value Relevance of Corporate Governance Improvements in Asia
Principal Advisor
Other advisors: Dr Vanitha Ragunathan
-
2005
Doctor Philosophy
Essays on Electricity Markets
Principal Advisor
-
2005
Doctor Philosophy
THE IMPACT OF GROWTH, VOLATILITY AND COMPETITIVE ADVANTAGE ON THE VALUE OF EQUITY INVESTMENTS AND THEIR EMBEDDED OPTIONS
Principal Advisor
-
2004
Doctor Philosophy
The Effects of Taxation on Put-Call Parity and Option Exercise Behaviour
Principal Advisor
-
2004
Doctor Philosophy
COMPARISON OF NATURAL RESOURCE VALUATION MODELS: EMPIRICAL EVIDENCE
Joint Principal Advisor
-
-
-
2006
Doctor Philosophy
MODELLING SHORT-TERM INTEREST RATES AND ELECTRICITY SPOT PRICES
Associate Advisor
-
2002
Doctor Philosophy
FINANCE WITHIN THE DEPARTMENT OF COMMERCE
Associate Advisor
Media
Enquiries
Contact Professor Stephen Gray directly for media enquiries about:
- Corporate finance
- Finance
- Finance - corporate
- Financial markets
- Financial modelling
- Investments
- Markets - fiancial
- Modelling - financial
- Shares
- Stock market
- Stock market - futures
- Stock market - options
Need help?
For help with finding experts, story ideas and media enquiries, contact our Media team: