2012 Update to the Corporate Governance Database

The 2012 update to the Corporate Governance Database is now available via the Sirca Member Portal.

The latest edition contains Corporate Governance information for ASX listed companies with balance sheet dates to December 2012. Now included are records for foreign incorporated companies with primary listing on ASX and Australia incorporated companies reporting in foreign currencies.

Members are advised to pay close attention to the product documentation located via the Help button. If anyone requires assistance please be sure to lodge your enquiry via the Helpdesk function in the Member Portal.

Call for Papers – Third Sirca Young Researcher Workshop, November 2013

In May 2012 Sirca announced a series of initiatives that provide additional member benefits. These initiatives are all directed at enhancing research training and research support for our members. They are being overseen by a newly created Membership Research Committee (MRC) and the appointment of Professor Terry Walter as Sirca’s Chief Research Officer.

One such initiative is a Young Researcher Workshop. Under this proposal young researchers working or studying in member universities will travel to Sydney (with travel and accommodation costs being met by Sirca) to present their current finance or accounting research, and to receive expert commentary on the research from a member of the MRC. The Workshop will be held twice per year and five papers will be presented at each workshop.

We now invite young researchers to submit a current research paper for possible inclusion in the third workshop. Submitted papers should be sufficiently advanced to benefit from feedback and suggestions from a seminar presentation. Send papers to the following email address callforpapers@sirca.org.au. The deadline for submission is 15 September 2013. Notification of the six papers to be included will be made by 16 October 2013, at which time we will also advise the nominated MRC referee who will discuss the paper at the workshop. These six presentations will be made on Friday 8 November 2013. Sirca will also invite a further group of nine young researchers to the workshop as attendees and to participate in shorter research presentations in the afternoon of 7 November 2013. Discussions of these shorter presentations will be provided by young researchers attending the workshop. Sirca will meet all reasonable travel and accommodation costs for the presenters and the invited attendees.

To qualify for inclusion at least one of the authors of the submitted paper must be a young researcher. We define a young researcher to be a person currently engaged in PhD research or one whose PhD thesis was completed less than five years ago. We particularly encourage young researchers in regional universities to apply for the workshop. We prefer papers that are sole authored by a young researcher, however jointly authored papers also qualify.

Sirca wants to track the progress of papers submitted at this workshop and therefore be kept informed of publication outcomes.

The MRC has the following academic members:

  • Kevin Davis (Chairman, Member of the Sirca Limited Board)
  • Terry Walter (Sirca, CRO)
  • Henk Berkman (University of Auckland)
  • Carole Comerton-Forde (University of Melbourne)
  • Mardi Dungey (University of Tasmania)
  • Robert Faff (University of Queensland)
  • Bruce Grundy (University of Melbourne)
  • Ray da Silva Rosa (University of Western Australia)
  • Petko Kalev (University of South Australia)
  • Dave Michayluk (UTS)

Philip Brown Prize for the Best Published Paper in 2012

Sirca has decided to make an annual award for the best paper published in the previous calendar year that uses, at least in part, data supplied by Sirca. The award will be made based on a recommendation to the Sirca CEO by the Membership and Research Committee (MRC), a sub-committee of the Sirca Limited Board. It has an initial cash value of $10,000.

In recognition of the contribution Philip Brown made to the establishment of Sirca and the work he did in developing databases to be used for finance and accounting research, the award has been named in his honour. The 2012 best paper will be announced during the 2013 AFAANZ Conference in Perth (July 7-9), and Philip has agreed to make the inaugural presentation.

I write to invite you to submit papers that were published in the 2012 calendar year, that use (at least in part) data supplied by Sirca, and that you believe are of excellent quality. While not all excellent papers are published in the “best” journals (as a guide ABDC rank A and above) it is unlikely that papers published in journals below an A rank would qualify for the award. Please submit a full pdf version of the paper that provides details of the journal in which your paper is published.

Please respond prior to 15 June 2013 to philipbrownprize@sirca.org.au

Chi-X data now available in the Data Library!

Chi-X Australia data are now available in the Data Library. These data contain an historical archive of order book tick history for trading on the Australian Chi-X Exchange (Chi-X), which dates back to the commencement of the exchange on 25th October 2011.

These data are made available under license from Chi-X for the purposes of academic research.

Please contact us if you would like to gain access to these data.

Call For Papers – Sirca Young Researcher Workshop

Sirca’s Chief Research Officer, Terry Walter, invites young researchers on behalf of the Membership and Research Committee (MRC) to submit a current research paper for possible inclusion in the 2nd Sirca Young Researcher Workshop. Submitted papers should be sufficiently advanced to benefit from feedback and suggestions from a seminar presentation. Please send all papers to callforpapers@sirca.org.au. The deadline for submissions is 12 May 2013.

Notification of the five papers to be included will be made by 15 June 2013, at which time we will also advise the nominated MRC referee who will discuss the individual papers at the workshop. Sirca will also invite a further group of young researchers to the workshop as attendees and to participate in research presentations in the afternoon of 25 July 2013. Sirca will meet all reasonable travel and accommodation costs for the presenters and the invited attendees.

To qualify for inclusion at least one of the authors of the submitted paper must be a young researcher. We define a young researcher to be a person currently engaged in PhD research or one whose PhD thesis was completed within the last five years. It is not a requirement for submitted papers to be using Sirca data however the researcher must be from a Sirca Member university. Sirca would also like to track the progress of papers submitted at this workshop and be kept informed of any publication outcomes.

CRD Documentation

Documentation for the data in the CRD is available via the Data Library > CRD folder. The documentation provides the field descriptors for both the price and announcement files. The Bellamy report referenced on page 3 of the CRD user guide for the calculation of dilution factors in the price files is also available in the same location.

Corporate Governance Database now available on the Member Portal

The Corporate Governance Database is now available via the Sirca Member Portal.

The latest edition contains Corporate Governance information for ASX listed companies with balance sheet dates to June 2011. Data collection is ongoing so information for companies with later balance sheet dates will appear in subsequent updates.

Sirca would like to thank the members who assisted with the beta testing of the interface and dataset. Users are invited to enhance this new resource either by contributing new data or by helping to improve existing records.

Members are advised to pay close attention to the product documentation located via the Help button. If anyone requires assistance please be sure to lodge your enquiry via the Helpdesk function in the Member Portal.

Sirca News and Event Studies Workshop – Melbourne

Sirca invites members to attend a News and Event Studies Workshop in Melbourne on November 12th to coincide with the release of Thomson Reuters News Analytics sentiment scores to our members. Sirca’s senior market data analyst, Dr. Calum Robertson, will be leading the workshop and covering topics such as:

  • Overview of the content in Reuters Global News and Thomson Reuters News Analytics
  • Market Efficiency Theory: Numerical and Textual Information
  • Research into the Effect of News on the Efficiency of Financial Markets
  • The Applications and Limitations of Sentiment Scores in research and trading

If you are interested in attending please RSVP by Monday 5th of November 2012. Space is limited!

What: Sirca News and Event Studies Workshop.
When: Monday 12th November 2012 at 11am.
Where: Monash University, Caulfield Campus, Room H1.25.

Thomson Reuters News Analytics Sentiment Scores – Now Available!

Thomson Reuters News Analytics (TRNA) sentiment scores are now available for our members to access via the Data Library in the Member Portal. TRNA is a natural language processing system that reads and scores Reuters news articles in real time for algorithmic traders and market participants. The historical scores (on news back to 2003) from this system can be made available to members upon approval from Thomson Reuters and acceptance of the terms of use. Interested members are invited to submit a brief research synopsis outlining their intended research and data usage. Please contact us via the helpdesk using your Member Portal login here.