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Business Financing and Banking Research Group

Collaborative research in business financing and banking
We bring together cross-disciplinary researchers, industry practitioners and policy makers to build and share knowledge in all areas of business financing and banking.

About us

The Business Financing and Banking Research group aims to:

  1. build an active platform for researchers from both within and outside of the University of Sydney Business School to exchange new research ideas, and share new knowledge on the development of new research methodologies in all areas of business financing and banking;
  2. encourage and facilitate research collaboration and joint research projects between group members and leading researchers;
  3. nurture high-quality academic research outputs and competitive cross-disciplinary research teams;
  4. have a platform for academic researchers to interact with practitioners and policy makers from the finance and banking industry.

Research themes

We explore two main themes:

  • Business Financing: Research topics related to corporate finance and small business finance.
  • Banking: Research topics related to bank management and bank activities and their impact on the economy.

Our people

  • Professor Iftekhar Hasan,  E. Gerald Corrigan Chair in International Business and Finance at Fordham university, Scientific Advisor at Bank of Finland, Fractional Professor of Finance at the University of Sydney Business School
  • Professor Harry (Harald) Scheule, UTS Business School
  • Professor Gary Tian, Department of Applied Finance, Macquarie University
  • Professor Kwangwoo Park, KAIST
  • Professor Kose John, Charles William Gerstenberg Professor of Banking and Finance, New York University
  • Professor Manthos Delis, Montpellier Business School
  • Dr Ying Gan, Assistant Professor in Accounting, Erasmus University Rotterdam
  • Dr Thuy To, Senior Lecturer, UNSW Business School
  • Dr Chloe Ho, Lecturer, UWA Business School
  • Dr Phong Ngo, Senior Lecturer, Australian National University
  • Dr Stephen Kirchner, Program Director, Trade and Investment, United States Studies Centre
  • Professor Barbara Casu, Cass Business School, City University of London
  • Dr Panagiotis Politsidis, Audencia Business School in Nantes, France

Our publications

Explore our working papers and reports.

Agha, M., Pham, M., Yu, J. (2021). Management connectedness and corporate investment. Journal of Banking & Finance, 124, 106042. 

Delis, M., Kim, S., Politsidis, P., Wu, E. (2021), Regulators vs. markets: Are lending terms influenced by different perceptions of bank risk? Journal of Banking & Finance, in-press.

Fotak, V., Jiang, F., Lee, H., Lie, E., Trust and Debt Contracting: Evidence from the backdating scandal. Journal of Financial and Quantitative Analysis, forthcoming.

Gilchrist, D., Yu, J., Zhong, R. (2021). The limits of green finance: A survey of literature in the context of green bonds and green loans. Sustainability, 13(2), 1-12.  

H. Huang, J. Svec, Wu, E. (2021), The Game Changer: Regulatory Reform and Multiple Credit Ratings, Journal of Banking and Finance, forthcoming.

Hasan, M., Lobo, G., Qiu, B. (2021) , Organizational capital, corporate tax avoidance and firm value, Journal of Corporate Finance, forthcoming.

Hasan, I., Hassan, G., Kim, S., Wu, E. (2021). The Impact of Risk-based Capital Rules for International Lending on Income Inequality: Global Evidence. Economic Modelling, 98, 136-153.

Hu, X., Shi, J., Wang, L., Yu, J. (2020). Foreign ownership in Chinese credit ratings industry: Information revelation or certification? Journal of Banking & Finance, 118, 105891.  

Liu, Y., Qiu, B., Wang, T. (2021). Debt Rollover Risk, Credit Default Swap Spread and Stock Returns: Evidence from the COVID-19 Crisis. Journal of Financial Stability, Published online: 28 February 2021, 100855.

Luong, T. S., Qiu, B., Wu, A. (2021). Does It Pay to be Socially Connected with Wall Street Brokerages? Evidence from Cost of Equity. Journal of Corporate Finance, forthcoming.

Pan, G. (2021) Search Disruption During the Pandemic. 2021 Banking and Financial Stability Meeting (FIRN)

Qiu, B., Tian, G., Zeng, H. (2021). How Does Deleveraging Affect Funding Market Liquidity? Management Science, In Press.

Wright, D. (2021) Zoom towns: Housing Market Spillovers and Covid-19. 2021 Banking and Financial Stability Meeting (FIRN)

Bui, C., Scheule, H., Wu, E. (2020). A cautionary tale of two extremes: The provision of government liquidity support in the banking sector. Journal of Financial Stability, forthcoming.

Chung, C.Y., Kim, I., Rabarison, M.K., To, T., Wu, E. (2020), ‘Shareholder litigation rights and corporate acquisitions’ forthcoming in Journal of Corporate Finance

Cummings, J.R. and Guo, Y. (2020), ‘Do the Basel III capital reforms reduce the implicit subsidy of systemically important banks? Australian evidence’, forthcoming, Pacific-Basin Finance Journal

Delis, M., Hasan, I., Iosifidi, M., Ongena, S. (2020). Gender, Credit, and Firm Outcomes Journal of Financial and Quantitative Analysis, forthcoming.

Dyakov, T., Harford, J., Qiu, B. (2020). Better Kept in the Dark? Portfolio Disclosure and Agency Problems in Mutual Funds. Journal of Financial and Quantitative Analysis, Forthcoming.

Fotak, V., Lee, H. (2020). Public-private co-lending: Evidence from syndicated corporate loans, Journal of Banking and Finance, in-press.

Gan, Q., Qiu, B. (2020). The information content of 10‐K file size change. International Review of Finance, in-press.

Gao, M., Leung, H., Qiu, B. (2020), Organisation capital and executive performance incentives, Journal of Banking & Finance, in-press.

Grant, A., Deer, L. (2020). Consumer marketplace lending in Australia: Credit scores and loan funding success. Australian Journal of Management, 45(4), 607-623.

Hasan, I., Navone, M., To, T., Wu, E. (2020), ‘Tournament Incentives and Acquisition Performance’ forthcoming in Review of Corporate Finance Studies

Hu, X., Shi, J., Wang, L., Yu, J. (2020) Foreign ownership in Chinese credit ratings industry: Information revelation or certification?, Journal of Banking and Finance, in-press.

Law, A., Qiu, B., Wang, T. (2020). Patent Enforcement, Shareholder Value, and Firm Innovations: Evidence from the Supreme Court Ruling on TC Heartland (2017). Harvard Business Law Review, Forthcoming

Liang, L., Williams, R., Xiao, S. (2020). Stock Market Information and Innovative Investment in the Supply Chain. Review of Corporate Finance Studies, Published online: 30 November 2020.

Lopomo Beteto Wegner, D. (2020). Liquidity policies and financial fragility. International Review of Economics and Finance, 70, 135-153.

Thorp, S., Bateman, H., Dobrescu, L., Newell, B., Ortmann, A. (2020). Flicking the Switch: Simplifying Disclosure to Improve Retirement Plan Choices. Journal of Banking & Finance, 121, 105955.

Fotak, V., Lee, H and Megginson, W., 2019, A BIT of Investor Protection: How Bilateral Investment Treaties Impact the Terms of Syndicated Loans, Journal of Banking and Finance, forthcoming.

Deli, Y., Delis, M., Hasan, I., Liu, L., 2019, Enforcement of banking regulation and the cost of borrowing, Journal of Banking and Finance 101, 147-160.

Delis, M., Hasan, I., Ongena, S., 2019, Democratic Development and Credit: “Democracy Doesn't Come Cheap” But at Least Credit to its Corporations Will Be, Journal of Financial Economics, forthcoming.

Gan Y, and Qiu B (2019) Escape from the USA: Government debt-to-GDP ratio, country tax competitiveness, and US-OECD cross-border M&As, Journal of International Business Studies, In Press.

Moshirian F, and Wu E, 2019, Banking in Australia and New Zealand - Geographic proximity, market concentration and banking integration The Oxford Handbook of Banking, Third Edition; Oxford University Press, Oxford, United Kingdom.

Chen B, Gan Q and Wu E, 2018, Mental accounting and loan preferences: Evidence from the field, under review.

Delis, M., Hasan, I., Iosifidi, M., Li, L., 2018, Accounting quality in banking: The role of regulatory interventions, Journal of Banking and Finance 97, 297-317.

Hasan I, Hassan G, Kim S-J and Wu E, 2018, The impact of risk-based capital rules on income distribution: Global evidence, Working paper, University of Sydney.

Luong T-M, Pieters R, Scheule H and Wu E, 2018, The impact of government guarantees on banks’ wholesale funding costs and lending behavior: Evidence from a natural experiment, Pacific Basin Finance Journal, forthcoming.

Qiu B, Tian G and Zeng H, Deleveraging, market liquidity, and funding liquidity crisis: A natural experiment, Working paper, University of Sydney.

Foster FD, Luong T, Qiu B, Shocks to real estate markets and shareholder value, Working paper, University of Sydney.

Our events

Explore our upcoming and past events.

Business Financing and Banking Research Group Writing Workshops

Time: 10am - 12pm every Monday
Venue: Room 417 Codrington Building (BYO device)
Registration is not necessary. Feel free to join online or in person. 
For more information, please contact danika.wright@sydney.edu.au

2018 Business Financing and Banking Research Group Workshop
  • 26 May 2018
Vertical and Horizontal agency Costs: Evidence of Public and Private firms
Underwriting syndicate structure and securities offering reform
Trust in the Corporate Bond Market: Evidence from lawsuits

Co-director

Headshot of Eliza Wu
Associate Professor Eliza Wu
Academic profile

Co-director

Headshot of Buhui Qiu
Associate Professor Buhui Qiu
Academic profile