Dr Russell Poskitt
Associate Professor, Deputy Head of Department
Department:
Address: Owen G Glenn Building
12 Grafton Road
Auckland
Faculty: Business & Economics
Phone: +64 9 373 7599 Ext. 85908
Email: r.poskitt@auckland.ac.nz
Web Page: http://staff.business.auckland.ac.nz/staffpages/rposkitt/

Russell joined The University of Auckland in February 2002 after lecturing at the University of Canterbury. He has taught in most areas of finance at the undergraduate level. Russell's research interests include financial markets and market microstructure with a special emphasis on securities market regulation, trading in over-the-counter markets and funding stresses in international financial markets.
Qualifications:
2001 Doctor of Philosophy University of Auckland
1995 Master of Commerce (Hons) University of Canterbury
1988 Diploma of Banking Studies (Distinction) Massey University
1976 Diploma of Teaching Christchurch Teachers College
1975 Bachelor of Science (Hons) University of Canterbury
Special Interests:
Derivative securities
Financial markets
Awards:
2011 SIRCA Research Prize for paper presented at 24th Annual Australasian Finance and Banking Conference: "Why is US dollar bond funding for international banks more expensive?" (co-author Chris Single)
2009 Highly Commended Award for paper published in the Pacific Accounting Review during 2008: "An empirical analysis of the NZX's price query system" (co-authors Alastair Marsden and Cherry Wang)
2006 ISCR Best Paper Award for paper presented by co-author at New Zealand Finance Colloquium: "The impact of disclosure reform on the NZX’s financial information environment".
2004 SIRCA Research Excellence Award for paper presented at 17th Annual Australasian Finance and Banking Conference: "Disclosure regulation, information risk and market spreads".
2003 Barclays Global Investors Australia Research Award for paper presented at 16th Annual Australasian Finance and Banking Conference: "Mining information: Mining stocks and informed trading on the ASX".
2001 Best Doctoral Thesis, Faculty of Business and Economics, University of Auckland: "Inter-market linkages: a study of the relationship between the bank bill and bank bill futures markets in New Zealand"
Teaching:
2012 Finance 362 Risk Management
Selected Publications:
Refereed Journal Articles
2012 POSKITT, R.,  SINGLE, C.,  ‘What drives the cost of US dollar bond funding for banks?‘, Pacific Basin Finance Journal, forthcoming
2011 POSKITT, R.,  WALLER, B.,  ‘Do liquidity or credit effects explain the behavior of the BKBM-LIBOR differential?‘, Pacific Basin Finance Journal, 19, 2, 173-193.
2011 MARSDEN, A.,  POSKITT, R.,  WANG, Y.,  ‘The impact of New Zealand's disclosure reform on differential managerial disclosure behaviour for good news versus bad news firms‘, Pacific Accounting Review, 23, 3, 224-261.
2011 POSKITT, R.,  MARSDEN, A.,  NGUYEN, N.,  SHEN, J.,  ‘The introduction of broker anonymity on the New Zealand Exchange‘, Pacific Accounting Review, 23, 1, 34-51.
2010 POSKITT, R.,  ‘Price discovery in electronic foreign exchange markets: the sterling/dollar market‘, Journal of Futures Markets, 30, 6, 590-606.
2009 MARSDEN, A.,  POSKITT, R.,  ‘An analysis of ASX price queries‘, Australian Accounting Review, 19, 3, 217-230.
2009 HUANG, M.,  MARSDEN, A.,  POSKITT, R.,  ‘The impact of disclosure reform on the NZX's financial information environment‘, Pacific Basin Finance Journal, 17, 4, 460-478.
2008 MARSDEN, A.,  POSKITT, R.,  ‘An empirical analysis of the NZX's price query system‘, Pacific Accounting Review, 20, 1, 4-28.
2008 ELLIFFE, C.,  MARSDEN, A.,  POSKITT, R.,  ‘Impact of the approved issuer levy on New Zealand dollar domestic interest rates‘, New Zealand Journal of Taxation Law and Policy, 14, 4, 483-499.
2008 POSKITT, R.,  ‘In search of the convexity adjustment: evidence from the sterling futures and IMM FRA markets‘, Journal of Futures Markets, 28, 7, 617-633.
2008 POSKITT, R.,  ‘Interest rate futures and forwards: evidence from the sterling futures and FRA markets‘, Journal of International Financial Markets, Institutions and Money, 18, 5, 399-412.
2008 MARSDEN, A.,  POSKITT, R.,  ‘Price discovery in the AUD/NZD market‘, INFINZ Journal, May, 22-28.
2008 POSKITT, R.,  ‘The truth about interest rate futures and forwards; evidence from high frequency data‘, Global Finance Journal, 18, 3, 319-336.
2007 POSKITT, R.,  ‘Benchmark tipping and the the role of the swap market in price discovery‘, Journal of Futures Markets, 27, 10, 981-1001.
2006 MARSDEN, A.,  POSKITT, R.,  ‘Continuous disclosure at NZX: more evidence‘, Competition & Regulation Times, 21, 10-11.
2006 POSKITT, R.,  ‘Swap pricing: Evidence from the sterling swap market‘, Global Finance Journal, 17, 2, 294-308.
2006 POSKITT, R.,  YANG, P.,  ‘The impact of disclosure reform on information risk in NZX-listed stocks‘, Pacific Accounting Review, 18, 1, 49-70.
2005 POSKITT, R.,  ‘Are mining exploration stocks more prone to informed trading than mining production stocks?‘, Australian Journal of Management, 30, 2, 201-227.
2005 POSKITT, R.,  ‘Bid/ask spreads in the foreign exchange market: an alternative approach‘, Pacific Basin Finance Journal, 13, 5, 562-583.
2005 POSKITT, R.,  ‘Disclosure regulation and information risk‘, Accounting & Finance, 45, 3, 457-477.
2004 MARSDEN, A.,  POSKITT, R.,  ‘The pricing of instalments receipts: New Zealand evidence‘, Review of Pacific Basin Financial Markets and Policies, 7, 3, 423-449.
2002 POSKITT, R.,  ‘An intraday test of pricing and arbitrage opportunities in the New Zealand bank bill futures market‘, Journal of Futures Markets, 22, 6, 519-555.
1999 POSKITT, R.,  ‘Price discovery in cash and futures interest rate markets in New Zealand‘, Applied Financial Economics, 9, 4, 355-364.
1998 NEWBERRY, S.,  POSKITT, R.,  ‘Current cost accounting and its revival in ED-82 - A reappraisal‘, Pacific Accounting Review, 10, 2, 53-74.
1998 POSKITT, R.,  ‘Price discovery in derivative markets‘, Accounting Research Journal, 11, 1, 270-283.
1998 POSKITT, R.,  ‘The pricing of bank bill futures and FRA contracts in New Zealand‘, Accounting and Finance, 38, 2, 245-264.



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