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Curriculum Vitae
September 2011
__________________________________________________________________________________
Name Christopher Michael ADAM
Addresses
Offices: Home:
Dean’s Unit, Room 626 10 Paul Street Australian School of Business Bondi Junction University of New South Wales New South Wales Sydney, New South Wales AUSTRALIA 2022
AUSTRALIA 2052 Tel.: (+61 2) 9389 6288
Tel.: (+61 2) 9385 9695 E-mail: [email protected] Fax: (+61 2) 9385 5933
E-mail: [email protected]
Personal Data
Date of birth: 31 August 1951 Place of birth: Suva, FIJI
Tertiary Education
Ph.D., Economics, 1977
“Decision Processes in Monetary Policy”, Harvard University, USA. (Supervisors: Kenneth J. Arrow, Benjamin M. Friedman).
M.A., Economics, 1976
(Decision Theory, Macroeconomics and Monetary Policy), Harvard University, USA. Bachelor of Economics (Honours 1st Class), 1974, University of Western Australia.
Positions Held
2007 – present Associate Dean, Postgraduate Programs and Director, AGSM Australian School of Business, University of New South Wales 2006 – 2007 Head of School
School of Banking and Finance, Faculty of Business, University of New South Wales 2006 – present Professor of Finance
Australian School of Business, University of New South Wales 2001 – 2005 Associate Dean (Faculty)
Australian Graduate School of Management, Universities of Sydney and New South Wales 1999 – 2000 Director of MBA Program
Australian Graduate School of Management, Universities of Sydney and New South Wales 1999 – 2006 Professor of Finance
Australian Graduate School of Management, Universities of Sydney and New South Wales 1998 Acting Director
The Graduate School of Business, University of Sydney 1997 Deputy Director
The Graduate School of Business, University of Sydney 1995 –1998 Head, Department of Management Studies
The Graduate School of Business, University of Sydney 1992 – 1998 Professor of Finance
The Graduate School of Business, University of Sydney
1991 – 1992 Associate Professor of Economics, and Associate Dean for Academic Affairs School of Business, Bond University
1989 – 1991 Associate Professor of Economics, and Associate Dean & Director of MBA Program School of Business, Bond University
1981 – 1988 Senior Lecturer
Australian Graduate School of Management, University of New South Wales 1977 – 1981 Lecturer
Australian Graduate School of Management, University of New South Wales 1972 – 1974 Tutor
Department of Economics, University of Western Australia
Teaching Honours
AGSM Executive Programs Excellence Award 2010. AGSM Alumni Award for Excellence in Teaching 2003. MBA Student Award for Teaching Excellence:
Graduate School of Business, University of Sydney, Semester 2 1992, Semester 2 1993, 1994, 1995. Dean’s Award for Excellence in Teaching
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Work Experience
Teaching Experience
Undergraduate Subjects (BCom):
Multinational Accounting and Finance (1990-1991, 1998) International Trade and Finance (1990-1991)
Graduate Subjects (MBA, MCom, Ph.D.): Economics
International Corporate Finance
Finance; Corporate Finance; Advanced Corporate Finance Corporate Governance
Financial Strategy
International Banking; Financial Institutions and Banking Executive Education Programs:
Senior Management Development Program (AGSM, 1978-1989, 2000-2008) General Manager Program (AGSM, 2000- )
Consortium Program (2006, 2008, 2010, 2011)
Customized Corporate Education Programs (Westpac 1999, DHL 2005-2008, AAMI 2007, CBA 2010- 2011)
Supervisory Experience
Masters Theses and Dissertations Supervised to Completion
CHEN Yi Loh, “Game Theory Applications in Managed Trade” (Master of Commerce thesis completed 1991, Bond University).
Robyne COTTEE, “Demand Elasticity of Credit Card Lending Before and After Financial Deregulation” (MBA Dissertation completed April 1993, University of Sydney).
John HAINES, “A Study to Identify and Evaluate the Impact of the Bank for International Settlements’ Proposed Capital Adequacy Requirements for Market Risk on Australian Debt Securities and Derivative Instruments” (MBA Dissertation completed August 1993, University of Sydney).
Roger MORRIS, “A Study to Evaluate the Difference in Average Drawdown between Variance, Mean-Semivariance and Force-of-Gain to Force-of-Loss Optimised Portfolios Composed of Trade Results from Futures Markets Trading Systems” (MBA Dissertation completed December 1993, University of Sydney). Hong WANG, “Exchange Rate Pass-Through Effects: Evidence in Some Australian Imports” (MBA
Dissertation completed December 1993, University of Sydney).
Leif EVENSEN, “Commercial Lending Practices in Australian Banks” (MBA dissertation completed December 1997, University of Sydney).
Terence KWAN, Eugene LEE and Nicholas SPRATT, “Impacts of Systematic Risk on the Pricing of Pacific Basin Countries’ Securities” (MBA Individual Study in Management completed November 1999, AGSM). Ph.D. Theses Supervised to Completion
LEE Boon Chye, “The Economics of International Debt Renegotiations” (Ph.D. awarded 1990, AGSM, University of New South Wales).
Robert GRAY, “Failed Banks and Public Choice” (Ph.D. awarded 1997, GSB, University of Sydney). Mujtaba MIAN, “Short Run Dynamics of the Australian Stock Exchange” (Ph.D. awarded 1998, GSB,
University of Sydney).
Nevi DANILA, “Microstructure of the Foreign Exchange Market” (Ph.D. awarded 2001, GSB, University of Sydney).
William MEASDAY, “Essays in Finance - The Structure of the Firm” (Ph.D. awarded 2003, AGSM, University of Sydney and UNSW).
Jennifer FAGG, “Managing Credit Risk in Retail Banking Across the Business Cycle” (Ph.D. awarded 2003, AGSM, University of Sydney and UNSW).
Anne BIGG, “Managerial Reputation and Risk-Taking in an Oligopolistic Banking Industry” (Ph.D. thesis awarded 2004, AGSM, University of Sydney and UNSW).
Ian LEOW, “International Financial Crises” (Ph.D. thesis awarded 2005, AGSM University of Sydney and UNSW).
Brindha GUNASINGHAM, “Time Incongruency: Impacts on Optimal Portfolio Investment Decision Making” (Ph.D. thesis awarded 2010, AGSM University of Sydney and UNSW).
Ph.D. Theses in Process
Guy SCHOFIELD, “Private Equity and Corporate Governance” (PhD studies, commenced part-time 2007, School of Banking and Finance, UNSW).
External Examining Experience
MCom thesis: University of Sydney, May 1989; University of Melbourne, March 2006. DBA thesis: Aligarh Muslim University, India, September 2005.
Ph.D. theses: University of Wollongong, January 1997, 2002; University of Adelaide, February 1997, 2002; University of New South Wales, October 1997; Griffith University, October 1999; University of Western Sydney, March 2006.
External Experience
Visiting Professor, 1996, 1997, 1998
School of Banking and Finance, University of New South Wales, Australia. Visiting Summer School Faculty Instructor, 1990, 1991
Graduate School of Management, University of Queensland, Australia. Visiting Scholar, 1981, 1985
National Bureau of Economic Research, Cambridge Massachusetts, USA. Visiting Fellow, 1984
Bureau of Agricultural Economics, Canberra, Australia. Visiting Professor, 1982
Board of Governors of the Federal Reserve System, Washington DC, USA.
Professional Experience
Editorial Boards
Australian Journal of Management (1980-1984) Bond Management Review (1989-1991)
Journal of Applied Finance and Investment (1995-1997) Book Review Editor
The Economic Record (1987-1993) Reviewer
Australian Economic Papers, Australian Economic Review, Australian Journal of Management, Bond
Management Review, Economic Policy and Analysis, Journal of International Money and Finance, Journal of International Trade and Economic Development, The Economic Record.
Workshop Convenor
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Research Activities
Research Interests
International Finance
International Corporate Finance International Financial Intermediation Exchange Rate Economics
Refereed Journal Publications
Mian, M., and Adam, C.M., (2001), “Volatility dynamics in high frequency financial data: an empirical investigation of the Australian equity returns”, Applied Financial Economics, 11, pp. 341-352.
Mian, M., and Adam, C.M., (2000), “Does More Market–Wide Information Originate While an Exchange is Open? Some Anomalous Evidence from the ASX”, Australian Journal of Management, 25, No.3, pp.339-352.
Mian, M., and Adam, C.M., (1998), “Intraday Volatility Dynamics and Informational Links Among Equity Markets”, Asia Pacific Journal of Finance, 1, pp.125-142.
Adam, C.M., (1996), “Embedded options in infrastructure projects”, Journal of Applied Finance and Investment, 1, no.1, 33-36.
Lee, B-C., and Adam, C.M., (1995), “A Conditional Information Model for Anticipating Sovereign Debt Problems”, Journal of International Financial Markets, Institutions and Money, 5, no.1, 45-56.
Adam, C.M., and Johnson, L.W., (1991) “The Changing Face of Europe and International Business Education in Australia”, Journal of Teaching in International Business, 3, December, 27-38.
Adam, C.M., (1991), “Australian Competitiveness and the Role of Government Views from the AIBC and Garnaut Reports”, Bond Management Review, 2, no.1.
Adam, C.M., (1990), “Exchange Rate Forecasting: Choosing the Best Method”, Bond Management Review, 1, no.1, 47-54.
Adam, C.M., (1988), “Exchange Rate Theory and Monetary Policy”, Economic Papers, 7, no.1, March, 94-108.
Adam, C.M., (1988), “Beating Ploughshares into Words: Galbraith’s Perspective on Economic Thought”, Australian Journal of Management, 13, no.1, June 115-128.
Adam, C.M., Collins, R., Dunphy, D., and Yetton, P., (1988), “Mythmaking in Management Education: The Case of the AGSM (1976-1986)”, Journal of Management Development, 7, no.2, May, 39-52.
Adam, C.M., (1985), “Exchange Rate Theory and Practice: A Review”, The Economic Record, 61, Sept., 677-679.
Adam, C.M., (1984), “Monetary Policy and Exchange Rate Stability in the Open Economy”, Economics Letters, 15, 337-343.
Adam, C.M., (1982), “Review of Unemployment Inflation”, Australian Journal of Management, 7, Dec., 197-198.
Adam, C.M., (1980), “On the Estimation of Reaction Funds for Several Economic Policy Makers”, Economic Inquiry, 18, Oct., 654-666.
Adam, C.M., (1980), “Some Estimation Effects of Selecting Economic Policy Horizons for Macroeconomic Models”, The Economic Record, 56, Dec., 374-377.
Refereed Book Chapters
Adam, C.M., (2006, 2002) “
G
lobalization of the International Financial System”, in section 17.7 International Economics, Finance and Trade, in Encyclopedia of Life Support Systems (EOLSS), Eolss Publishers, Oxford UK. [http://www.eolss.net].Adam, C.M., (2006, 2002) “Evolution of Global Markets and Instruments”, in section 17.7 International Economics, Finance and Trade, in Encyclopedia of Life Support Systems (EOLSS), Eolss Publishers, Oxford UK. [http://www.eolss.net].
Adam, C.M., (2006, 2002) “The Future of Multinational Banking”, in section 17.7 International Economics, Finance and Trade, in Encyclopedia of Life Support Systems (EOLSS), Eolss Publishers, Oxford UK. [http://www.eolss.net].
Adam, C.M., (2006, 2002) “Regulation of International Banking and Capital Markets”, in section 17.7 International Economics, Finance and Trade, in Encyclopedia of Life Support Systems (EOLSS), Eolss Publishers, Oxford UK. [http://www.eolss.net].
Adam, C.M., (1998), “Internationalisation and Integration of Financial and Capital Markets”, Chapter 14 in Levy-Livermore, A., (ed.), Handbook of Globalization of the World Economy, London: Edward Elgar, pp.557-581.
Adam, C.M., (1990), “Chapter 16 Foreign Exchange” and “Chapter 17 The Financial Markets for International Operations”, in C. Selvarajah and K. Cutbush-Sabine, eds., International Business, Longman-Cheshire.
Working Papers
Adam, C.M., (2001, revsd 2005) “Exchange Rates, Volatility and the Cost of Capital”, mimeo.
Gray, R., and Adam, C.M., (1998), “The Choice for Uninsured Depositors – Bank Failures from 1985 through 1994 and the Too Big to Fail Doctrine”, mimeo.
Adam, C.M., and Danila, N., (1997), “The Components of Exchange Rate bid-Ask Spreads”, mimeo.
Mian, M., and Adam, C.M., (1997), “Intraday Volatility Dynamics and Links Among Equity Markets”, mimeo. Adam, C.M., (1995), “Exchange Rate Impacts in a Model of Financial Intermediation”, mimeo.
Invited Conference and Seminar Participations
Adam, C.M., “Exchange Rates, Volatility and the Cost of Capital”, Thirtieth Annual Conference of Economists, University of Western Australia, August 2001.
Mian, M., and Adam, C.M., “Does More Market-Wide Information Originate While an Exchange is Open? Some Anomalous Evidence”, Eleventh Annual Finance and Banking Conference, University of New South Wales, December 1998.
Danila, N., and Adam, C.M., “Intervention and Exchange Rate Bid-Ask Spreads”, Eleventh Annual Finance and Banking Conference, University of New South Wales, December 1998.
7 Adam, C.M., and Danila, N., “The Components of Exchange Rate bid-Ask Spreads”, Asia-Pacific Finance
Association Conference, Kuala Lumpur, Malaysia, July 1997.
Adam, C.M., and Gray, R.P., “Bank Size as a Predictor of the Rights of Uninsured Depositors: 1985-1994” Banking Workshop, School of Banking and Finance, University of New South Wales, March 1997. Adam, C.M., “Exchange Rate Impacts in a Model of Financial Intermediation”, Asia-Pacific Finance
Association Conference, Hong Kong, July 1995; Australian Institute of Bankers’ Conference, Melbourne, July 1995; Faculty of Economics Research Seminar, University of Wollongong, September 1995.
University Service and External Activities
The University of New South Wales (2006- )
Associate Dean, Postgraduate Programs and Director, AGSM, 2007-
Member, Australian School of Business Senior Management Team, 2007-2011 Chair, Committee to Review Marine Biology Research Centre UNSW, 2010. Member, UNSW Academic Board, 2007-2010
Member, UNSW Postgraduate Coursework Committee, 2008- Head, School of Banking and Finance, 2006-2007
Member, UNSW Professorial Qualifications Committee, 2006-2008.
The University of Sydney and The University of New South Wales (1999-2006)
Associate Dean (Faculty) AGSM, 2001-2005. Director, MBA Program, AGSM, 1999-2000.
Member, Standing Committee, Academic Board, AGSM, 2001-2005. Member, Executive Committee, AGSM, 1999-2003.
Member, Faculty Advisory Group, AGSM, 2003-2006.
Member, AGSM Occupational Safety & Health Committee, 2001- 2006. Member, Higher Degree Committee and Executive, AGSM, 1999-2001.
The University of Sydney (1992-1998)
Acting Director (Dean), The Graduate School of Business, 1998.
Member, Vice-Chancellor’s Advisory Committee, The University of Sydney, 1998-2002. Member, Graduate Studies Committee, The University of Sydney, 1997, 1999-2006. Deputy Director, The Graduate School of Business, The University of Sydney, 1997. Head, Department of Management Studies, The University of Sydney, 1995-1998. Director of Management Programs, The Graduate School of Business, 1995-1996. Manager of Marketing, The Graduate School of Business, 1993-1996.
Head, Management Studies Unit, The Graduate School of Business, 1993-1995.
Member, Executive Committee, The Graduate School of Business, 1993-1998 (Chair, 1998). Member, Academic Board, The University of Sydney, 1992-2004.
Chair, Committee to Review Master of Public Policy Degree, 1992.
School of Business, Bond University (1989-1992)
Associate Dean for Academic Affairs, 1991-1992.
Associate Dean, Public Affairs and Development, 1990-1991. Director of MBA and Graduate Diploma Programs, 1988-1991. Member, Dean’s Advisory Group, 1989-1992.
Member, Total University Marketing Committee, 1990-1991.
Australian Graduate School of Management, University of New South Wales (1977-1988)
Director, MBA Program, 1984-1987, 1988. Member, AGSM Policy Committee, 1982-1988.
Member, Scholarship Committee, AGSM Development Program for Managers, 1979-1987. Coordinator, MBA Redesign Committee, 1983-1984.
Coordinator, MBA Program, 1980-1981. Chair, MBA Computer Committee, 1978-1979.
Invited Industry/School Presentations
Guest speaker, Macquarie Bank Education Edge Program, Sydney (2006) Introductory Speaker, Macquarie Bank Leadership Program, Sydney (2005)
Keynote speaker, Finance and Treasury Association Annual Congress, Sydney (2004) Guest speaker, Optus Australia Marketing Colloquium, Sydney (2003)
9 Guest speaker, France Finance Sydney Corporate Governance Seminar, Sydney (2002)
Faculty of Economics, University of Western Australia (1998)
Chartered Institute of Management Accountants, Sydney Chapter (1997)
Current Professional Society Memberships
American Economic Association (since 1970) Econometric Society (Life Member, since 1974)
Harvard Club of Australia (since 1977, Crimson Member)
Institute for Quantitative Analysis in Finance (Q-Group) (since 1995)
External Affiliations
Member, Australia and New Zealand Shadow Financial Regulatory Committee (ANZSFRC), 2005- Member, NSW Premier’s Business Scholarship Committees 2006, 2007, 2008, 2010, 2011.
Member, Review Committee for University of Adelaide Graduate School of Business, 2005. Director, ORIX Australia Corporation Ltd, 1999-2006.
Chair, Remuneration Committee, ORIX Australia Corporation Ltd, 1999-2006. Chair, Academic Board, International Marketing Institute of Australia, 1997-2001. Member, Academic Board, Australian Catholic University, 1994-1996.
