Professor Stephen Gray

Professor

School of Business
Faculty of Business, Economics and Law
s.gray@business.uq.edu.au
+61 7 334 68032

Overview

Stephen Gray is an active consultant and researcher in the areas of valuation, cost of capital, corporate financial strategy, financial modeling, financial risk management, and the creation of shareholder value.

Professor Stephen Gray is well known for his work on empirical finance, asset-pricing and corporate finance which has been published in leading academic and practitioner journals. Stephen teaches a range of award and executive education courses in financial management, asset valuation, and corporate finance at UQ Business School, and was recently awarded the Prime Minister’s Award for University Teacher of the Year in the Economics, Business and Related Studies field. He has Honours degrees in Commerce and Law from the University of Queensland and a PhD in financial economics from the Graduate School of Business at Stanford University. He is an active consultant to industry on issues relating to valuation, cost of capital, corporate financial strategy, financial modeling, financial risk management and the creation of shareholder value. He has also appeared as an expert in several court proceedings. As Director of the UQ Business School Corporate Valuation Centre, he leads a number of projects that are designed to turn the practical application of the latest academic research in to a source of competitive advantage for corporate managers.

Qualifications

  • Doctor of Philosophy, Stanford University
  • Bachelor of Laws (Honours), The University of Queensland
  • Bachelor of Commerce (Honours), The University of Queensland

Publications

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Grants

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Supervision

  • Doctor Philosophy

  • Doctor Philosophy

  • Doctor Philosophy

View all Supervision

Publications

Book

Book Chapter

  • Duffie, D., Gray, S. F. and Hoang, P. H. (2004). Volatility in energy prices. In V. Kaminski (Ed.), Managing Energy Price Risk: The New Challenges and Solutions 3rd ed. (pp. 539-571) London: Risk Books.

  • Duffie, D., Gray, S. F. and Hoang, P. (1999). Volatility in energy prices. In R. Jameson (Ed.), Managing Energy Price Risk 2nd ed. (pp. 273-289) London: Risk Publications.

Journal Article

Conference Publication

  • Loetscher, T., Gray, S., Kirchhof, G. and Dart, P. (2005). Naiad: Sharing lessons learned from innovative urban water schemes. In: Proceedings. Ozwater watershed [electronic resource] : the turning point for water : Ozwater Convention and Exhibition. Ozwater Conference 2005, Brisbane, (1-8). 8-12 May 2005.

  • Gray, S. F. and Bellamy, D. (2005). Using stock price changes to estimate the value of dividend franking credits. In: P. Gray and E. Margiolis, 2005 Annual Conference Program & Abstracts. AFAANZ 2005 Conference, Melbourne, (108-108). 3-5 July, 2005.

  • Gray, S. F. and Lee, T-A. L. (2003). How to fix a one-day international cricket match. In: AFAANZ 2003 Annual Conference: Program and Abstracts. AFAANZ 2003 Annual Conference, Brisbane, (). 6-8 July, 2003.

  • Gray, S. F., Kozan, K. and Ragunathan, V. (2002). Credit ratings of Australian firms. In: Accounting Association of Australia and New Zealand (AAANZ) 2002 Annual Conference: Program and Abstracts. AAANZ 2002 Annual Conference, Perth, Western Australia, (81-81). 7-9 July, 2002.

  • Gray, S. F. and Macksey, A. J. (2002). Nonparametric estimation of state price densities: Option pricing applications. In: Accounting Association of Australia and New Zealand (AAANZ) 2002 Annual Conference: Program and Abstracts. AAANZ 2002 Annual Conference, Perth, Western Australia, (81-81). 7-9 July, 2002.

  • Gray, S. F. (2001). Option pricing applications of non-parametric state price density estimation. In: Proceedings of the Tenth Biennial Computational Techniques and Applications Conference. CTAC 2001, Brisbane, (). 16-18 July, 2001.

  • Gray, S. F. and Ragunathan, V. (2001). Semiparametric ARCH models. In: Program and Collected Abstracts of AAANZ 2001 Annual Conference. AAANZ Annual Conference, Auckland, New Zealand, (63-63). 1-3 July, 2001.

  • Cannavan, D. M., Finn, F. J. and Gray, S. F. (2001). The value of dividend imputation tax credits. In: Proceedings of the Fourteenth Annual Australasian Finance and Banking Conference. Australasian Finance and Banking Conference, Sydney, (). 17th - 19th December, 2001.

  • Cannavan, D. M., Finn, F. J. and Gray, S. F. (2000). The value of dividend imputation tax credits. In: Program and Collected Abstracts of the AAANZ 2000 Annual Conference. AAANZ 2000 Annual Conference, Hamilton Island, (-17). 2-4 July 2000.

Other Outputs

PhD and MPhil Supervision

Current Supervision

  • Doctor Philosophy — Principal Advisor

    Other advisors:

  • Doctor Philosophy — Principal Advisor

  • Doctor Philosophy — Principal Advisor

    Other advisors:

  • Doctor Philosophy — Principal Advisor

    Other advisors:

  • Doctor Philosophy — Joint Principal Advisor

    Other advisors:

Completed Supervision