• Macroeconomic news announcements and price discovery: evidence from Canadian-U.S. cross-listed firms

      Frijns, BPM; Indriawan, I; Tourani-Rad, A (Elsevier, 2014)
      This study employs macroeconomic news announcements as a proxy for new information arrivals and examines their impact on price discovery. We compare the price discovery of 38 Canadian companies listed on the Toronto Stock ...
    • On the performance of KiwiSaver funds

      Frijns, BPM (AUT University, 2013)
      This study investigates three issues: (1) the replicability of KiwiSaver Balanced (and other intermediate) funds based on a combination of Conservative and Growth funds offered by the same provider; (2) the risk-adjusted ...
    • On the role of cultural distance in the decision to cross-list

      Dodd, O; Frijns, BPM; Gilbert, A (John Wiley & Sons, 2013)
      This paper examines the role of culture in the choice of the destination market for cross-listing firms. We argue that firms cross-list in markets with greater cultural similarities, because 1) investors are more willing ...
    • On the style switching behavior of mutual fund managers

      Frijns, BPM; Gilbert, A; Zwinkels, R (Financial Management Association International, 2013)
      This paper develops an empirically testable model that is closely related to theoretical model for style switching behavior of Barberis and Shleifer (2003). We implement this model to examine the style switching behavior ...
    • Price discovery in US-Canadian cross-listed shares

      Gilbert, A; Frijns, BPM; Tourani Rad, A (New Zealand Finance Colloquium, 2013)
      Given the increasing integration of markets around the world, concerns have been expressed about the survival of smaller national exchanges in competition with larger, more liquid exchanges. Several theories have been put ...
    • When no news is good news - The decrease in investor fear after the FOMC announcement

      Frijns, BPM; Fernandez-Perez, A (The New Zealand Finance Colloquium, 2015)
      This paper examines the impact of FOMC announcements on the intraday behavior of the VIX and VIX futures. We find that the VIX and the VIX futures start to decline immediately after the FOMC announcement, and this decline ...
    • Why do financial literacy programmes fail?

      Frijns, BPM; Gilbert, A; Tourani-Rad, A (Auckland Centre for Financial Research, Auckland University of Technology, 2013)
      Numerous studies have found a positive relationship between financial literacy and financial experience. Typically, this relationship is interpreted as being a causal relationship, i.e. an increase in financial literacy ...