5 Dec 2017

Market Forces’ research has revealed that just 7 companies in the ASX50 (14%) have disclosed scenario analyses in line with the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) recommendations.


4 Aug 2016

Professor Yermack said that the Australian Securities Exchange (ASX) is presently studying whether to convert the exchange to blockchain technology. The aim is to reach a decision in 2017, with the hope of implementation by 2018. If the ASX adopts a blockchain mechanism for...

Working paper

3 Jun 2016

A study of market bubbles is generally considered a test of market eciency (or ineciency) since bubbles are concerned with rising prices that are detached from their fundamental values. Verifying the existence of such an ineciency requires us to be able to appropriately formulate fundamental...

Working paper

12 Jan 2016

The catalyst for the preparation of this working paper was the epochal merger in 2007 of the New York Stock Exchange with Paris-based Euronext, itself a consolidation of several European exchanges. Exchange mergers were not a new phenomenon; domestic and regional exchanges had been consolidating...

Working paper

30 Apr 2014

The ASX recently amended its listing rules to allow small-cap companies to issue up to 25% of their share capital at a discount of up to 25%- Rule 7.1A (up from a 15% issue at a 15% discount). The changes have the potential to distort...



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