Professor Ralf Zurbrugg

Professor Ralf Zurbrugg
 Position Chair in Finance and Business Analytics
 Org Unit Adelaide Business School
 Email ralf.zurbrugg@adelaide.edu.au
 Telephone +61 8 8313 5535
 Location Floor/Room 12 ,  Nexus 10 ,   North Terrace
  • Biography/ Background

    Profile

    Ralf Zurbruegg is the Associate Head of Research within the Adelaide Business School and the Discipline Leader for Business Analytics. He has held a number of administrative appointments within the University including as Interim Dean of the Business School, Head of School of Accounting and Finance and Deputy Dean. He is also heavily engaged with industry and the community at-large. Ralf is a Justice of the Peace for South Australia, an endowment fund manager for two not-for-profit institutions, serves on advisory boards to firms in the funds management industry, and was also previously a director of a quantitative investment solutions company. He regularly consults for industry, particularly for the finance sector, as well as being an expert witness on a number of state and federal court cases. Ralf also serves on the editoral board of several academic journals, is the academic director of the International Centre for Financial Services  and has appeared on television and been quoted in national newspapers over the years.

    Industry Engagement

    Ralf regularly engages and collaborates with industry and has a substantitive track record in delivering high quality contract research, working with both the public and private sector on long-term research projects. He has collaborated with the Financial Services Council of Australia, the Australian Taxation Office, ANZ Bank, Vanguard, Apostle Funds Management, ABP Pension Fund (Netherlands), Pearl Insurance (U.K.), Swiss RE:, the Self-Managed Superannuation Fund Association, HomeStart, CPA Australia, Department of Agriculture, Water and the Environment, Department of Foreign Affairs and Trade, the Australian Prudential Regulation Authority, Department of Treasury and Finance, The World Bank Group, Chartered Financial Analysts Institute (Singapore) and the Shenzen Provincial Government (China) to name a few. 

    Impact

    As an example of the impactful research Ralf has been part of, please read a case study here on Homeownership Affordability

  • Qualifications

    After graduating with a degree in monetary economics from the London School of Economics, Ralf completed a Masters and then a PhD in financial econometrics from Manchester Business School. Ralf also holds a Graduate Diploma in Higher Education Studies from the University of New South Wales.

  • Teaching Interests

    Ralf currently teaches Managerial Finance to MBA students and oversees the Business Analytics programs offered by the Business School.

  • Research Interests

    Ralf is a multi-disciplinary researcher whose interests span the breadth of the business field, publishing in accounting, finance, management and marketing journals. He also researches housing markets (with a particular interest in housing affordability) and develops computational intelligence applications for the financial markets.

    Watch Ralf talk about one of his research works on Greenwashing at faculti.net

    Current projects that Ralf is working on include:

    • Cyber-security
      • Data breach security laws and how they impact company decision-making
    • Adoption of Artificial Intelligence
      •  The impact of AI on firm performance.   
    • Climate Change and Sustainability
      • Impact of climate change on insurance contracts (with the Department of Agriculture, Water and the  Environment)
      • Just Transitions and Stewardship (with the Electric Vehicle Council and Battery Stewardship Council) 
      • Carbonwashing in Australia's minining sector 
    • Top Management Team Performance
      • What characteristics of TMT members make a good team?

     

     

  • Research Funding

    Ralf has held multiple Category 1 grants, including several ARC Discovery and Linkage grants, plus regularly engages in contract research for industry.

     

    Research Grants & Contract Research 

    ABP Pension Fund. Development of Evolutionary Computation Processes to aid in Stock Selection Picking, with Thuy To, Martin Schmidt, Zbigniew Michalewicz, , 2005-07.

    Financial Services Council. Reporting Methods for Superannuation Performance, with C. Cheong, 2008. 

    ARC-Linkage, Survival of Australia's Family Farms: Capital Raising and Credit Access, with Stringer, R and Canil J. Partner: ANZ Bank, 2009-2013.

    HomeStart Finance. Examination of the Impact of HomeStart loans on the South Australian Mortgage Market, with Mihaylov, G. 2010-2013.

    ARC-Discovery, The Implications for Greying Australia of International Property Market Inter-Linkages, with Gerlach, R. and Wilson, P., 2010-2011.

    ARC-Discovery, Computational Intelligence Methods for Financial Applications, with Z Michalewicz, 2010-2012.

    ARC-Linkage, The Adequacy and Sustainability of Self-Managed Superannuation Funds: Governance, Performance, Asset Allocation, Fee Structure and Compliance, with Yawson, A. and Tretola, J., Partner: SMSFA, 2010-2013. 

    ARC-Linkage, Funding our future: perceptions of the value of financial planning advice, with C Plewa, J Sweeney, and Michayluk, D., Partner: Financial Services Council, 2012-2015.

    HomeStart Finance. Do HomeStart Loans improve homeownership rates in South Australia?, with G. Mihaylov, 2016-2017.

    EU Centre for Global Affairs. Signature research project on corporate governance in Asia, with D Boehe, 2015-2018.

    CPA Australia. Best Practice Governance in the Not-For-Profit Sector, with Coram, P., Kent, P and Yawson, A. 2019.

    SuperConcepts. SMSF Profile Questionaire Review, with G. Mihaylov. 2019

    Shenzhen Government Innovation Plan Grant. The application of artificial intelligence in financial portfolio management, with Ghandar, A. 2019-2020.

    Self-Managed Superannuation Funds Association. Understanding Self-Managed Super Fund Performance, with Mihaylov, G. 2021.

    Electric Vehicle Council and Battery Stewardship Council. Automotive Product Stewardship, with Dodd, T., Hoffmann, A. and Cheong, C. 2022.

    Department of Agriculture, Water and the Environment. Crop Insurance Participation and Moral Hazard, with Canil, J. and Mihaylov, G. 2022-2023.

     

  • Publications

     

    Academic Publications

    Ralf has published in leading, internationally-renowned academic journals, including several Financial Times (FT-50) journals, across a number of academic disciplines.

    In finance, this includes Review of Finance, Journal of Financial and Quantitative AnalysisJournal of Corporate Finance and Journal of Banking and Finance

    In marketing, this includes Journal of Marketing and European Journal of Marketing.

    In machine learning, this includes IEEE Transactions in Evolutionary Computation and International Journal of Forecasting

    In housing, this includes Real Estate Economics and Urban Studies

    In insurance, this includes Journal of Risk and Insurance and Geneva Papers in Risk and Insurance.

     

    Selected Recent Publications

    Wasi, Md, Pham, T., & Zurbruegg, R. (2022). The impact of sovereign rating downgrades on systemic risk: An analysis of the sovereign ceiling policy. Journal of Business Finance and Accounting

    Obaydin, I., Zurbruegg, R., Hossain, M. N., Adhikari, B. K., & Elnahas, A. (2021). Shareholder litigation rights and stock price crash risk. Journal of Corporate Finance

    Cheong, C. S., Hoffmann, A. O. I., & Zurbruegg, R. (2021). Tarred with the Same Brush? Advertising Share of Voice and Stock Price Synchronicity. Journal of Marketing

    Obaydin, I., Zurbruegg, R., Brockman, P., & Richardson, G. (2021). The relative number of anti-takeover provisions and the market for corporate control. Journal of Financial Research

    Xu, L., Yu, C. -F. J., & Zurbruegg, R. (2020). The benefit of being a local leader: Evidence from firm-specific stock price crash risk. Journal of Corporate Finance

    Phan, H. L., & Zurbruegg, R. (2020). The time-to-maturity pattern of futures price sensitivity to news. Journal of Futures Markets

    Liu, C., Cheong, C. S., & Zurbruegg, R. (2020). Rhetoric, Reality, and Reputation: Do CSR and Political Lobbying Protect Shareholder Wealth against Environmental Lawsuits?. Journal of Financial and Quantitative Analysis

    Jaroenjitrkam, A., Yu, C. -F. J., & Zurbruegg, R. (2019). Does market power discipline CEO power? An agency perspective. European Financial Management

    Tan, G., Cheong, C., & Zurbruegg, R. (2019). National culture and individual trading behavior. Journal of Banking and Finance

    Luo, J., Xu, L., & Zurbruegg, R. (2017). The impact of housing wealth on stock liquidity. Review of Finance

  • Media Expertise

    CategoriesEconomics & Finance, Real Estate
    ExpertiseFinance, Hedge Funds, Investment Banking

The information in this directory is provided to support the academic, administrative and business activities of the University of Adelaide. To facilitate these activities, entries in the University Phone Directory are not limited to University employees. The use of information provided here for any other purpose, including the sending of unsolicited commercial material via email or any other electronic format, is strictly prohibited. The University reserves the right to recover all costs incurred in the event of breach of this policy.

Entry last updated: Friday, 9 Sep 2022

To link to this page, please use the following URL:  https://www.adelaide.edu.au/directory/ralf.zurbrugg