Professor Hendrick (Henk) Berkman
Professor in Finance
Department:
Address: Owen G Glenn Building
12 Grafton Road
Auckland
Faculty: Business & Economics
Phone: +64 9 373 7599 Ext. 84861
Email: h.berkman@auckland.ac.nz
Qualifications:
1992 PhD Economic Sciences Erasmus University Rotterdam
1987 Master of Commerce Erasmus University Rotterdam
Teaching:
2012 Finance 705 Empirical Finance
2012 Finance 761 Portfolio Theory and Investment Analysis
Selected Publications:
Refereed Journal Articles
2006 BERKMAN, H. JACOBSEN, B. ‘The Impact of War and Peace on Stock Markets‘, Infinz Journal, July, Issue 1, 12-18.
2005 BERKMAN, H. BRAILSFORD , T. FRINO, A. ‘A Note on Execution Costs for Stock Index Futures: Information versus Liquidity Effects‘, Journal of Banking and Finance, v29(3,Mar) , 565-577.
2005 BERKMAN, H. WANG , C. ‘Better than Beta‘, Infinz Journal. Vol May (2), Issue 1, 26-31.
2004 BERKMAN, H. MCANENEY, J. ‘Valuing New Product Development and Analysing License Agreements for Intellectual Property‘, Special issue of International Journal of Biotechnology on 'Commercialisation of Biotechnology Research and Innovation', Vol 6, 105-115.
2003 BERKMAN, H. CHARNES, J. KOCH, P. ‘Measuring Hedge Effectiveness for FAS 133 Compliance‘, Journal of Applied Corporate Finance," V15(4,Fall) , 95-103.
2002 BERKMAN, H. BRADBURY , M. HANCOCK , P. INNES , C. ‘Derivatives Usage in Australia‘, Accounting and Finance, June, vol. 42, no. 2, 97-109.
2002 BERKMAN, H. LEE, J. ‘The Effectiveness of Price Limits in an Emerging Market: Evidence from the Korean Stock Exchange‘, Pacific Basin Finance Journal, November , 517-530.
2001 BERKMAN, H. AITKEN, M. MAK, D. ‘Picking Off, Quote Matching and the Use of Undisclosed Limit Orders‘, Journal of Banking and Finance, V25, 1589-1603.
2001 BERKMAN, H. NAVISSI, F. ‘Rules Governing the Transfer of Ownership: Wealth Effects and the Influence of Ownership Structure‘, International Review of Finance, vol2 , 229-244.
2000 BERKMAN, H. BRADBURY , M. FERGUSON, J. ‘The Accuracy of Price-Earnings and Discounted Cash Flow Methods of IPO Equity Valuation‘, Journal of International Financial Management and Accounting, V11 , Summer.
2000 BERKMAN, H. HAYES, L. ‘The Role of Floor Brokers in the Supply of Liquidity: An Empirical Analysis‘, Journal of Futures Markets, V3, 205-218 .
1998 BERKMAN, H. BRADBURY, M. ‘Instructional Case: Evergreen Forests Limited‘, Issues in Accounting Education, November, V13.
1998 BERKMAN, H. ELESWARAPU, V. ‘Short Term Trading and the Liquidity Premium: Evidence from the Bombay Stock Exchange‘, Journal of Financial Economics, 47, 339-355.
1998 BERKMAN, H. STEENBEEK, O. ‘The Influence of Daily Price Limits on Trading in Nikkei Futures‘, Journal of Futures Markets, V18(3),  265-279.
1998 BERKMAN, H. BRADBURY, M. ‘The Influence of Ownership Structure on Risk Management: Evidence from New Zealand State Owned Enterprises‘, Journal of International Financial Management and Accounting, V9(2), 117-132.
1998 BERKMAN, H. BRADBURY, M. FERGUSON, J. ‘The Usefulness of Earnings for Estimating Terminal Value‘, Journal of Financial Statement Analysis, V3, , 27-32.
1997 BERKMAN, H. BRADBURY, M. HANCOCK , P. INNES , I. ‘An Analysis of Disclosures of Derivative Financial Instruments on Australia and New Zealand‘, Accounting Forum, V21, , 207-229.
1997 BERKMAN, H. BRADBURY, M. FERGUSON, J. ‘An Analysis of Terminal Value Calculations: EVATM Versus DCF‘, New Zealand Financial Analysts Journal, November
1997 BERKMAN, H. BRADBURY , M. MAGAN, S. ‘An International Comparison of Derivative Usage‘, Financial Management, V26(4), 69-73.
1996 BERKMAN, H. BRADBURY, M. ‘Empirical Evidence on the Corporate Use of Derivatives‘, Financial Management, V25(2), , 5-13.
1996 BERKMAN, H. ‘Large Option Trades, Limit Orders and Market Makers‘, Review of Financial Studies, V9(3), 977-1002.
1994 BERKMAN, H. ‘Trading Systems and Liquidity on Securities Markets: A Study of the European Options Exchange‘, International Review of Financial Analysis, V3(1), 93-96.
1993 BERKMAN, H. ‘Large Option Trades and the Differences between Market Makers and Limit Orders as Supplier of Liquidity‘, (Abstract), Journal of Finance, June.
1993 BERKMAN, H. ‘The Market Spread, Limit Orders, and Options‘, Journal of Financial Services Research, V6(4) , 399-416.
BERKMAN, H. TRUONG, C. ‘Event day 0? After hours Earnings announcements‘, forthcoming, Journal of Accounting Research.
BERKMAN, H. FU , J. COLE, R. ‘Expropriation through Loan Guarantees to Related Parties‘, forthcoming, Journal of Banking and Finance.
BERKMAN, H. KOCH, P. ‘Noise Trading and the Price Formation Process‘, forthcoming, Journal of Empirical Finance.
BERKMAN, H. COLE , R. FU, J. ‘Political Connections and Minority-Shareholder Protection: Evidence from Securities-Market Regulation in China‘, forthcoming, Journal of Financial and Quantitative Analysis.
BERKMAN, H. DIMITROV, V. JAIN, P. KOCH, P. TICE, S. ‘Sell on the news: Differences of opinion, short-sales constraints, and returns around earnings announcements‘, forthcoming, Journal of Financial Economics.



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