Doctor Kevin Daly

ASSOCIATE PROFESSOR,
Economics & Finance (SoBus)

Personal
Contact
Biography
Publications
Research
Supervision
Teaching
Media

Personal

Qualifications

BA University of Sussex
MA University of Sussex
PhD University of Western Sydney, Macarthur

UWS Organisational Unit (School / Division)

Economics & Finance (SoBus)

Professional Memberships

Royal Economics Society (2012-11-21)

Contact

Email:	K.Daly@uws.edu.au
Extension:	3546
Mobile:
Location:	11.G.29 Campbelltown
Website:

Biography

Associate Professor Kevin Daly joined the University of Western Sydney (Macarthur) as an Associate Lecturer in 1993; prior appointments included Senior Tutor in Economics at the University of Adelaide, Lecturer in Business Studies at the University of Brighton (UK) and Economics and Fiance Tutor at Sussex University. Before joining academia Kevin worked at various positions in Merchant Banking in the City of London. Kevin holds a BA (Hons) Economics, and MA (Economics Analysis and Policy) University of Sussex and a PhD University of Western Sydney (Macarthur). Kevin’s research passion revolves around applied finance and open economy macroeconomics; researching the effects of financial volatility on real economic activity. Kevin’s PhD thesis was published as a book by Ashgate in 1997. His international PhD examiner was Professor Philip ARESTIS, Director of Research, Cambridge Centre for Economic & Public Policy (CCEPP). Examples of his research focus includes an examination of the extent to which exchange rate volatility affects trade (Japan and the World Economy), an investigation of the extent to which financial instability affects the poor in developing countries (Asia Pacific Journal of Economics and Business. 2008), an empirical study of the extent to which volatility in interest rates affect the availability and affordability of credit (International Review of Financial Analysis. 2010), analysing how oil price volatility impacts on stock prices (Emerging Markets Review 2010), estimating the determinants of foreign direct investment and portfolio investment (Australian Economic Review 2006),analy1993sing the determinants of house prices and the affordability of housing (Journal of International Business Research 2010). Current research interests focuses on banking in China and Vietnam, foreign direct investment in China and Vietnam and financial volatility of stock markets in South East Asia.

This information has been contributed by Doctor Daly.

Interests

Financial Devlopment of Emerging Market Economies
Financial Markets
Investment Management
Rugby Union

Teaching

Previous Teaching Areas

200055 International Finance, 2012
200057 Investment Management, 2012
200546 Macroeconomic Issues, 2002
200697 Banking and Securities Law, 2002

Publications

Books

Daly, K. (2012), 'The European financial crisis: Causes Consequences and Future', : Nova Science Publishers, Inc. 9781604584578.
Eiteman, D., Rath, S. and Daly, K. (2010), 'Multnational Business Finance', : Pearson 9781442525894.
Daly, K., Eiteman, D. and Rath, S. (2007), 'Multinational Business Finance', : Pearson Education Australia 9780733980848.

Chapters in Books

Daly, K. and Ali, A. (2011), 'FDI Asia Pacific Update: Assessing Competing Pull Factors and the Impact of the GFC', Contemporary Studies in Economic and Financial Analysis, Emerald 9781849506696.
Daly, K. and Liu, Y. (2011), 'Financial Asset Pricing: Theory, Global Policy and Dynamics', , Nova Science Publishers, Inc 9781856507326.
Daly, K. and Tosompark, T. (2011), 'Determinants of Foreign Direct Investment in Thailand', The Impact of the Global Financial Crisis on Emerging Financial Markets, Emerald 9780857247537.
Daly, K. and Liu, Y. (2011), 'Australian House Prices Affordability: An International Comparison of the Determinants of House Price's Performance 1980 - 2009', Financial Asset Pricing: Theory, Global Policy and Dynamics, Nova 9781611228038.
Daly, K. and Mishra, A. (2009), 'Geographical Trade Structure and Patterns of International Portfolio Investment - A Case of Australia', Studies in Trade and Investment 67: Challenges and opportunities for trade and financial integration in Asia and the Pacific, United Nations ESCAP 9892614961143.
Daly, K. and Vo, X. (2005), 'International Financial Integration An Empirical Investigation into Asian Equity Markets Pre- and Post - 1997 Asian Financial Crisis', Asian Pacific Financial Markets in Comparative Perspective: Issues and Implications for the 21st Century. Contemporary Studies in Economics and Financial Analysis Volume 86, Elsevier Ltd 0762312580.

Journal Articles

Daly, K. (2013), 'The Determinants Of Home Bias Puzzle In Equity Portfolio Investment In Australia', International Review of Financial Analysis, 9.
Daly, K. and Miao, J. (2012), 'Evidence of Collateral, Asymmetric Information, Credit Risk and Banking Regulations from Firms', The Chinese Economy, 17.
Fayyad, A., Fayyad, A., Daly, K., Fayyad, A. and Daly, K. (2012), 'The Oil Price Shock Effects On Macroeconomic Fundamentals Of The GCC Countries', International Journal Of Business Research, 15.
Fayyad, A., Fayyad, A., Daly, K., Fayyad, A. and Daly, K. (2012), 'The Oil Price Shock Effects On Macroeconomic Fundamentals Of The GCC Countries', International Journal Of Business Research, 15.
Fayyad, A., Kevin, D. and Daly, K. (2012), 'The Oil Price Shock Effects on Macroeconomic Fundamentals of the GCC Countries', International Journal of Business Research, .
Daly, K., Tran Phuong, T., Daly, K. and Tran Phuong, T. (2012), 'The Impacts of the Global Financial Crisis on Southeast Asian Equity Markets Integration', International Journal of Trade, Economics and Finance, 7.
Daly, K., Tran Phuong, T., Daly, K. and Tran Phuong, T. (2012), 'The Impacts of the Global Financial Crisis on Southeast Asian Equity Markets Integration', International Journal of Trade, Economics and Finance, 7.
Fayyad, A. and Daly, K. (2012), 'The Oil Price Shock Effects on Macroeconomic Fundamentals of the GCC Countries', International Journal of Business Research, .
Liu, K., Daly, K. and Varua, M. (2012), 'Regional Determinants of Foreign Direct Investment in Manufacturing Industry', International Journal of Economics and Finance, 15.
Daly, K. and Vo, V. (2012), 'The determinants of home bias puzzle in equity portfolio investment in Australia', International Review of Financial Analysis, 11.
Liu, K., Daly, K. and Varua, M. (2012), 'Determinants of Regional Distribution of FDI Inflows across China's Four Regions', International Business Research, .
Liu, Y., Daly, K., Daly, K. and Varua, M. (2012), 'Determinants of regional distribution of FDI inflows across China's four regions', International Business Research, 8.
Liu, K., Daly, K. and Varua, M. (2012), 'Regional determinants of foreign direct investment in manufacturing industry', International Journal of Economics and Finance, 15.
Tran Phuong, T. and Daly, K. (2012), 'The impacts of the global financial crisis on Southeast Asian equity markets integration', International Journal of Trade, Economics and Finance, 6.
Miao, J. and Daly, K. (2012), 'Evidence of collateral, asymmetric information, credit risk, and banking regulations from firms', The Chinese Economy, 17.
Fayyad, A. and Daly, K. (2012), 'The oil price shock effects on macroeconomic fundamentals of the GCC countries', International Journal of Business Research, 15.
Daly, K. (2012), 'Performance of China-owned banks in Hong Kong', International Journal of Banking and Finance, 16.
Fayyad, A., Fayyad, A. and Daly, K. (2011), 'The impact of oil price shocks on stock market returns: Comparing GCC countries with the UK and USA', Emerging Markets Review, 18.
Liu, Y. and Daly, K. (2011), 'Foreign Direct Investment in China Manufacturing Industry - Transformation from a Low Tech to High Tech Manufacturing', International Journal of Business and Management, 13.
Daly, K. (2011), 'Poverty and Sustainable Development in Asia: impacts and responses to the global economic crisis', Asian Pacific Economic Literature, 2.
Fayyad, A., Fayyad, A. and Daly, K. (2011), 'International transmission of stock returns: Mean and volatility spillover effects in the emerging markets of the GCC countries, the developed markets of UK and USA and Oil', International Research Journal of Finance and Economics, 13.
Zhang, X. and Daly, K. (2011), 'The determinants of China's outward foreign direct investment', Emerging Markets Review, 10.
Daly, K. (2011), 'An Overview of the Determinants of Financial Volatility: An Explanation of Measuring Techniques', Modern Applied Science, 20.
Daly, K., Fayyad, A. and Fayyad, A. (2011), 'Can Oil Prices Predict Stock Market Returns? The Case Of Gcc Countries, UK & USA', Modern Applied Science, 11.
Daly, K. and Tosompark, C. (2011), 'Australia as an International Financial Services Management Centre: An Assessment', International Journal of Management, 14.
Liu, K. and Daly, K. (2011), 'Australia and US Home Price Affordability 1980 - 2009', Journal of New Business Ideas & Trends, 12.
Daly, K. and Fayyad, A. (2011), 'Can Oil Prices Predict Stock Market Returns? The Case of GCC Countries, UK & USA', Modern Applied Science, .
Fayyad, A. and Daly, K. (2011), 'International Transmission of Stock Returns: Mean and Volatility Spillover Effects in the Emerging Markets of the GCC Countries, the Developed Markets of UK & USA and Oil.', International Research Journal of Finance and Economics, .
Fayyad, A. and Daly, K. (2011), 'The impact of oil price shocks on stock market returns: Comparing GCC countries with the UK and USA', Emerging Markets Review, .
Akhter, S., Liu, Y. and Daly, K. (2010), 'Cross Country Evidence on the Linkages between Financial Development and Poverty', International Journal of Business and Management, 17.
Ali, A. and Daly, K. (2010), 'Macroeconomic Determinants of Credit Risk: Recent Evidence from a Cross Country Study', Internatioal Review of Financial Analysis, 18.
Fayyad, A., Fayyad, A. and Daly, K. (2010), 'The Volatility Of Market Returns: A Comparative Study Of Emerging Versus Mature Markets', International Journal of Business and Management, 18.
Ali, A. and Daly, K. (2010), 'Modelling Credit Risk: A comparison of Australia and the USA', Journal of International Finance and Economics, 9.
Daly, K. and Liu, K. (2010), 'Australian House Prices Affordability: An International Comparison Of The Determinants Of House Price's Performance', International Journal of Business Research, 9.
Tosompark, C. and Daly, K. (2010), 'The Determinants of Foreign Direct Investment Inflows - Recent Evidence from Thailand', Journal of International Management Studies, 6.
Tosompark, C. and Daly, K. (2010), 'International Financial Services Centres: A comparative analysis of the drivers from an Australian perspective', Proceedings of IABE, 20.
Daly, K. and Zhang, X. (2010), 'The determinants of foreign direct investment in China', Journal of International Finance and Economics, 7.
Daly, K. and Tosompark, C. (2010), 'Assessing a country as an international financial services management centre: The case of Australia'', International Journal of Management, 17.
Fayyad, A., Fayyad, A. and Daly, K. (2010), 'World Oil Prices & Stock Return! The Case Of GCC Countries, UK & USA', Journal Of Academy Of Business And Economics, 12.
Fayyad, A. and Daly, K. (2010), 'World Oil Prices & Stock Market Return! The case of GCC Countries, UK & USA', Journal of Academy of Business and Economics, .
Fayyad, A. and Daly, K. (2010), 'The Volatility of Market Returns: A Comparative Study of Emerging versus Mature Markets', International Journal of Business and Management, .
Daly, K. and Akhter, S. (2009), 'Indicators of Financial Soundness: Can They Forewarn us of Impending Crisis?', International Review of Business Research Papers, 24.
Akhter, S. and Daly, K. (2009), 'Finance and poverty: Evidence from fixed effect vector decomposition', Emerging Markets Review, 16.
Daly, K. and Akhter, S. (2009), 'Bank health in varying macroeconomic conditions: A panel study', International Review of Financial Analysis, 9.
Daly, K. (2008), 'Financial volatility: Issues and measuring techniques', Physica A-Statistical Mechanics and Its Applications, 17.
Daly, K. and Vo, V. (2008), 'An empirical exploration of firm risk in the Dow Jones Eurostoxx50 Index', Physica A-Statistical Mechanics and Its Applications, 22.
Daly, K. and Vo, X. (2008), 'Idiosyncratic risk in the Dow Jones Eurostoxx50 Index', Physica A-Statistical Mechanics and Its Applications, 11.
Mishra, A. and Daly, K. (2007), 'Effect of quality of institutions on outward foreign direct investment', The Journal of International Trade and Economic Development, 14.
Daly, K. (2007), 'The Impact of Institutions Quality on FDI: Recent Evidence from Asian Countries', International Review of Business Research Papers, 13.
Daly, K. and Vo, X. (2007), 'Quantifying the drivers of international financial integration', Journal of Investment Strategy, 10.
Vo, X. and Daly, K. (2007), 'Volatility amongst firms in the Dow Jones Eurostoxx50 Index', Applied Financial Economics, 14.
Vo, X. and Daly, K. (2007), 'The determinants of international financial integration', Global Finance Journal, 23.
Daly, K. and Akhter, S. (2007), 'Finance and Poverty: Evidence from Panel Study', Asia Pacific Journal of Economics and Business, 19.
Mishra, A. and Daly, K. (2006), 'Multi-Country Empirical Investigation into International Financial Integration', Journal of Asia Pacific Economy, 18.
Mishra, A. and Daly, K. (2006), 'Where Do Australians Invest', Australian Economic Review, 13.
Daly, K. (2006), 'International Comparison of Australia's Investment and Trading Position', Journal of Investment Strategy, 6.
Vo, X. and Daly, K. (2005), 'European equity markets integration-implications for US investors', Research in International Business and Finance, 16.
Daly, K. (2004), 'The Relationship between the Dow Jones Eurostoxx50 Index and Firm Level Volatility', The Journal of American Academy of Business, 12.
Daly, K. (2003), 'South East Asian Stock Market Linkages: Evidence from Pre- and Post 1997', Asean Economic Bulletin, 13.

Conference Papers

Daly, K. and Vo, V. (2012), 'The Determinants of Home Bias Puzzle in Equity Portfolio Investment in Australia', III World Finance Conference, Rio de Janeiro Brazi.
Daly, K. and Zhang, X. (2012), 'Performance of Chinese Owned Banks' in Hong Kong 2004-2010', III World Finance Conference, Rio de Janeiro Brazi.
Daly, K. and Zhang, X. (2012), 'China's Banks Ownership and Performance 2003 - 2010', III World Finance Conference, Rio de Janeiro Brazi.
Tran, P., Daly, K. and Kevin, D. (2012), 'The long-run relationship among the Southeast Asian equity markets', 2012 2nd International Conference on Economics, Trade and Development, Thailand.
Daly, K. (2012), 'The long-run relationship among the Southeast Asian equity markets', International Conference on Economics, Trade and Development, Bangkok, Thailand.
Daly, K. (2012), 'China's banks ownership and performance 2003 - 2010', World Finance Conference, Rio de Janeiro, Brazil.
Vo, V., Daly, K., Daly, K. and Vo, V. (2011), 'The Determinants Of Home Bias Puzzle In Equity Portfolio Investment In Australia', The 18th Annual Global Finance Conference, Bangkok, Thailand.
Vo, V., Daly, K., Daly, K. and Vo, V. (2011), 'The Determinants Of Home Bias Puzzle In Equity Portfolio Investment In Australia', The 18th Annual Global Finance Conference, Bangkok, Thailand.
Daly, K. and Tosompark, C. (2010), 'Australia as an International Financial Services Centre: Assessment of Determinants, Position and Future Prospects', Finsia-Australian Centre for Financial Studies Banking and Finance Conf, 15th Banking and Finance Conference, Melbourne, RACV.
Daly, K. and Mishra, A. (2009), 'Australia's trade directions versus its International portfolio investment', Asia-Pacific Trade Economists' Conference, United Nations Conference Centre, Bangkok, Thailand.
Akhter, S. and Daly, K. (2009), 'Finance And Poverty:An Empirical Study Using Panel Data', Asian Finance Association International Conference 2009, Brisbane, Australia.
Daly, K. and Akhter, S. (2008), 'Indicators of Financial Soundness: Can They Forwarn Us of Impending Crisis', 9th International Business Research Conference, Novotel Hotel, 270 Collins Street, Melbourne.
Akhter, S. and Daly, K. (2007), 'Finance and Poverty: Evidence from Panel Study', Sixth Hawaii International Conference on Social Science, Honolulu, Hawaii, USA.
Mishra, A. and Daly, K. (2006), 'Quality of Institutions and Foreign Direct Investment', Thrid International Business Research Conference, Vicotria University.
Daly, K. and Vo, X. (2006), 'Determinance of International Financial Integration', 13th Global Finance Conference, Rio de Janeiro, Brazil.
Mishra, A. and Daly, K. (2006), 'Effects of Quality of Institutions on Outward Foreign Direct Investment', 13th Global Finance Conference, Rio de Janeiro, Brazil.
Vo, X. and Daly, K. (2005), 'International Financial Integration and Economic Growth', 12th Global Finance Conference, Dublin Ireland.
Mishra, A. and Daly, K. (2005), 'Multi-country Investigation into International Financial Integration', 3rd Financial Markets Asia-Pacific Conference, Sebel Pier One, Sydney.
Mishra, A. and Daly, K. (2005), 'Multi-country Empirical Investigation into International Financial Integration', Global Finance Conference 2005,27-29 June 2005, Dublin, Ireland.
Mishra, A. and Daly, K. (2005), 'Effect of quality of institutions on outward foreign direct investment', Proceedings of Second International Business Research Conference, Sydney.
Daly, K. and Vo, X. (2004), 'An empirical investigation into the trading relationships between Asian stock markets and selected advanced equity markets', AsBBS 7th International Conference, Cairns, QLD.
Mishra, A. and Daly, K. (2004), 'Where Do Australians Invest', Proceedings of International Business Research Conference, Melbourne, 2004.
Vo, X. and Daly, K. (2004), 'The Relationship Between Net Private Capital Flows and Economic Growth in Emerging Asian Economies ', INTERNATIONAL BUSINESS RESEARCH CONFERENCE 2004, Melbourne, Australia.
Daly, K. and Vo, X. (2004), 'Trading relationships in European equity markets - Implications for U.S. investors', 8th Conference on Macroeconomic Analysis and International Finance, University of Crete.
Vo, X. and Daly, K. (2004), 'An Empirical Investigation into the tradingrelationships between Asian Stock Markets andselected advanced Equity Markets.', Proceedings of the Emerging Financial Marekts & Services Asia-Pacific Conference, Syndey.
Zeitun, R., Daly, K. and Mallik, G. (2004), 'Default Probabilities in the Jordanian Companies: Using LPM, LOGIT and PROBIT', International Business Research Conference, Melbourne.
Daly, K. (2003), 'The Relationship between the Dow Jones Eurostoxx50 Index and Firm Level Volatility', The Global Business and Finance Research Conference, London.
Daly, K. (2003), 'Have European Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk', Southern Finance Association, Charleston Place Hotel, South Carolina.
Daly, K. (2003), 'An empirical investigation into the effects of financial crisis on Southeast Asian stock market linkages', Emerging Financial Services in Asia-Pacific Conference, Sydney.
Daly, K. (2002), 'The Decomposition of the Variance of the DOW JONES EUROSTOXX50 Index: Tome series analysis', American Academy of Accounting and Finance, 2002 Annual Meeting, New Orleans.
Daly, K. (2002), 'The transformation of international financial markets, the development of financial places and the relationship to regional development.', The transformation of international financial markets, the development of financial places and the relationship to regional development., Uetliberg, Switerzland.

Research

Kevin’s research passion revolves around applied finance and open economy macroeconomics; researching the effects of financial volatility on real economic activity. Kevin’s PhD thesis was published as a book by Ashgate in 1997. His international PhD examiner was Professor Philip ARESTIS,Director of Research, CambridgeCentre for Economic & Public Policy (CCEPP). Examples of his research focus includes an examination of the extent to which exchange rate volatilityaffects trade (Japan and the World Economy), an investigation of the extent towhich financial instability affects the poor in developing countries (Asia PacificJournal of Economics and Business. 2008), an empirical study of the extent towhich volatility in interest rates affect the availability and affordability ofcredit (International Review of Financial Analysis. 2010), analysing how oilprice volatility impacts on stock prices (Emerging Markets Review 2010),estimating the determinants of foreign direct investment and portfolioinvestment (Australian Economic Review 2006),analysing the determinants of house prices and the affordability of housing (Journal of InternationalBusiness Research 2010). Current research interests focuses on banking in China and Vietnam, foreign direct investment in China and Vietnam and financial volatility of stock markets in South East Asia.