Dr Philip Gharghori - Researcher Profile

Philip Gharghori

Address

Department of Accounting and Finance
Building 11E, Clayton

Contact Details

Tel: +61 3 990 59247

Email: Philip.Gharghori@monash.edu


Biography

Philip Gharghori is a senior lecturer in the Department of Accounting and Finance.

Philip Gharghori joined the department in 2006 and is a senior lecturer in Finance. Prior to this, he was a PhD student and tutor in the department. His PhD was supported by both an Australian Postgraduate Award and a Departmental Scholarship. Phil is an active research supervisor and he has supervised a number of PhD and honours students to completion. He is the author of the finance chapters of Principles of Accounting and Finance, a text used in undergraduate business and commerce courses. He has won awards for conference papers presented at the Australasian Finance and Banking Conference and at the AFAANZ Conference. Phil's main research area is asset pricing. In particular, Phil’s research has focused on the performance of multifactor models, stock market anomalies, the consumption CAPM and the intertemporal CAPM. He also has written papers in the areas of funds management, default risk analysis, socially responsible investments and the market reaction to stock splits.

Related Links:

  • Curriculum Vitae CV

Keywords

Asset pricing, funds management, default risk analysis, market reaction to corporate actions

Qualifications

Grad Cert in Higher Education
Institution: Monash University
Year awarded: 2010
Doctor of Philosophy
Institution: Monash University
Year awarded: 2006
Bachelor of Commerce (Honours)
Institution: Monash University
Year awarded: 2002

Publications

Journal Articles

Xiao, Y., Faff, R., Gharghori, P., 2012, Pricing innovations in consumption growth: a re-evaluation of the recursive utility model, Journal of Banking and Finance [P], vol epub, Elsevier BV * North-Holland, Netherlands, pp. 1-11.

Gharghori, P., See, Q., Veeraraghavan, M., 2011, Difference of opinion and the cross-section of equity returns: Australian evidence, Pacific Basin Finance Journal [P], vol 19, issue 4, Elsevier BV, Amsterdam Netherlands, pp. 435-446.

Gharghori, P., Hamzah, Y., Veeraraghavan, M., 2010, Migration and its contribution to the size and value premiums: Australian evidence, Journal of International Financial Markets, Institutions and Money [P], vol 20, issue 2, Elsevier BV, North-Holland, Netherlands, pp. 177-196.

Chai, D., Faff, R., Gharghori, P., 2010, New evidence on the relation between stock liquidity and measures of trading activity, International Review of Financial Analysis [P], vol 19, issue 3, Elsevier BV, North-Holland, Netherlands, pp. 181-192.

Gharghori, P., Lee, R., Veeraraghavan, M., 2009, Anomalies and stock returns: Australian evidence, Accounting and Finance [P], vol 49, issue 3, Wiley-Blackwell Publishing Asia, Richmond Vic Australia, pp. 555-576.

Nguyen, P.A., Faff, R., Gharghori, P., 2009, Are the Fama-French factors proxying news related to GDP growth? The Australian evidence, Review of Quantitative Finance and Accounting [P], vol 33, issue 2, Springer New York LLC, United States, pp. 141-158.

Gharghori, P., Chan, H., Faff, R., 2009, Default risk and equity returns: Australian evidence, Pacific Basin Finance Journal [P], vol 17, issue 5, Elsevier BV, North-Holland, The Netherlands, pp. 580-593.

Gharghori, P., Sujoto, C., Veeraraghavan, M., 2008, Are Australian investors smart?, Australian Journal of Management, vol 32, issue 3, Australian Graduate School of Management, Sydney NSW Australia, pp. 525-544.

Gharghori, P., Lee, J., Veeraraghavan, M., 2008, Are stock returns related toshort-term and long-term past returns? Australian evidence, Applied Financial Economics Letters, vol 4, issue 4, Routledge, UK, pp. 277-282.

Nguyen, A.H., Faff, R., Gharghori, P., 2007, An examination of conditional asset pricing models in the Australian equities market, Applied Financial Economics Letters, vol 3, issue 5, Routledge, UK, pp. 307-312.

Gharghori, P., Chan, H., Faff, R., 2007, Are the Fama-French factors proxying default risk?, Australian Journal of Management, vol 32, issue 2, Australian Graduate School of Management, Sydney NSW Australia, pp. 223-249.

Gharghori, P., Mudumba, S., Veeraraghavan, M., 2007, How smart is money? An investigation into investor behaviour in the Australian managed fund industry, Pacific-Basin Finance Journal, vol 15, issue 5, Elsevier BV, North-Holland, Netherlands, pp. 494-513.

Chan, H.W., Faff, R., Gharghori, P., Ho, Y., 2007, The relation between R&D intensity and future market returns: Does expensing versus capitalization matter?, Review of Quantitative Finance and Accounting, vol 29, issue 1, Springer New York LLC, USA, pp. 25-51.

Gharghori, P., Chan, H.W., Faff, R., 2006, Factors or characteristics? that is the question, Pacific Accounting Review, vol 18, issue 1, Emerald Group Publishing Ltd, UK, pp. 21-46.

Gharghori, P., Chan, H.W., Faff, R., 2006, Investigating the performance of alternative default-risk models: option-based versus accounting-based approaches, Australian Journal of Management, vol 31, issue 2, Australian Graduate School of Management, Sydney NSW Australia, pp. 207-234.

Postgraduate Research Supervisions

Current Supervision

Program of Study:
(DOCTORATE BY RESEARCH).
Thesis Title:
Essays on option trading research: the expiration effect on stock price distribution and the return pattern of equity options.
Supervisors:
Gharghori, P (Joint-co), Maberly, E (Joint).
Program of Study:
(DOCTORATE BY RESEARCH).
Thesis Title:
Interaction between Short-Term Momentum and Long-Term Reversals: International Evidence.
Supervisors:
Chai, D (Joint), Gharghori, P (Joint-co).
Program of Study:
(DOCTORATE BY RESEARCH).
Thesis Title:
The asset growth effect in stock returns.
Supervisors:
Brown, C (Joint-co), Gharghori, P (Joint).

Completed Supervision

Student:
Chai, D.
Program of Study:
The Fama-French model in Australia: a new dataset, new tests and the role of liquidity. (PHD) 2008.
Supervisors:
Faff, R (Main), Gharghori, P (Associate).
Student:
Nguyen, P.
Program of Study:
The market reaction to stock splits and the ability to earn abnormal returns. (PHD) 2010.
Supervisors:
Gharghori, P (Joint-Co), Maberly, E (Joint).
Student:
Xiao, Y.
Program of Study:
Essays in asset pricing: socially responsible investment, intertemporal and consumption models - evidence for us and global equity market. (PHD) 2012.
Supervisors:
Gharghori, P (Main).