Profile image of Bill Dimovski

A/Prof. Bill Dimovski

STAFF PROFILE

Position

Associate Professor

Faculty

Faculty of Business and Law

Department

BL Deakin Business School

Campus

Geelong Waterfront Campus

Qualifications

Doctor of Business Administration, Royal Melb Inst. of Technology, 2002
Master of Business Administration, Georgia Southern University, 1979
Bachelor of Business, Gordon Institute of Technology, 1977

Contact

bill.dimovski@deakin.edu.au
+61 3 522 72560

Biography

William "Bill" Dimovski is an Associate Professor School in the Department of Finance in Deakin Business School. Bill is also the Director of the Graduate Real Estate program within the Faculty of Business and Law.

His research interests are in Real Estate Finance and Investment and in Corporate Finance. He has published widely in Journal of Real Estate Finance and Economics, Journal of Property Research, Journal of Property Investment and Finance, Journal of Financial Markets, Institutions and Money, Review of Quantitative Finance and Accounting, Applied Economics, Applied Financial Economics and Research in Business and Finance.

Read more on Bill's profile

Research interests

  • Corporate Finance
  • Initial Public Offerings
  • Seasoned Equity Offerings
  • Real Estate Investment Trusts
  • Property Investment and Finance

Affiliations

  • Associate, Australian Property Institute. 
  • Certified Practicing Accountant, CPA Australia. 
  • Editorial Board Member, Journal of Property Investment and Finance.
  • Editorial Board Member, Journal of European Real Estate Research.
  • Editorial Board Member, Pacific Rim Property Research Journal.

Teaching interests

  • Property Finance and Investment
  • Principles of Property

Units taught

  • MAF711 - Modelling Techniques for Finance
  • MAF302 - Corporate Finance
  • MAF764 - Advanced Corporate Finance
  • MAF101 - Fundamentals of Finance

Professional activities

Projects

  • Tucker, R., Johnson, L., Andrews, F., Johnston, N. and Dimovski, W., 2018, HOME Deakin University Seeding Grant $100,000.

Publications

Filter by

2020

How accurate are A-REIT IPO dividend forecasts?

William Dimovski, Rebecca Ratcliffe, Chris Ratcliffe, Monica Keneley, Scott Salzman

(2020), Vol. 38, pp. 47-55, Journal of property investment and finance, Bingley, Eng., C1

journal article

Dividend disclosure and post-performance of REIT IPOs

C Ratcliffe, B Dimovski, M Keneley, S Salzman

(2020), pp. 1-13, Journal of Property Research, London, Eng., C1

journal article
2019

The reverse mortgage conundrum: Perspectives of older households in Australia

Robert Whait, Braam Lowies, Peter Rossini, Stanley McGreal, W Dimovski

(2019), Vol. 94, pp. 1-9, Habitat International, Amsterdam, The Netherlands, C1

journal article

Whitehorse business performance survey 2019

Nicholas Mcclaren, Craig Parker, Scott Salzman, William Dimovski, Barry Cooper

(2019), Geelong, Vic., A6

research report/technical paper
2018

The performance of REIT acquirers in the post-merger period

C Ratcliffe, W Dimovski, M Keneley

(2018), Vol. 24, pp. 107-120, Journal of real estate portfolio management, Clemson, S.C., C1

journal article

Surf Coast Shire business barometer survey 2018: key findings

Scott Salzman, W Dimovski, Barry Cooper

(2018), Torquay, Vic., A6

research report/technical paper

Geelong business trends survey 2014-2017

Barry Cooper, Scott Salzman, Craig Parker, Nicholas Mcclaren, W Dimovski

(2018), Geelong, Vic., A6

research report/technical paper

Be.Bendigo: 2018 business trends survey

Scott Salzman, Craig Parker, Nicholas Mcclaren, W Dimovski, Barry Cooper

(2018), Geelong, Vic., A6

research report/technical paper
2017

Long-Term post-merger announcement performance. A case study of Australian listed real estate

C Ratcliffe, W Dimovski, M Keneley

(2017), Vol. 57, pp. 855-877, Accounting & Finance, Chichester, Eng., C1

journal article

Another piece of the puzzle: REIT IPO underpricing after the financial crisis

C Ratcliffe, W Dimovski, M Keneley

(2017), Vol. 35, pp. 264-276, Journal of Property Investment & Finance, Bingley, Eg., C1

journal article

Geelong business trends survey 2016

W Dimovski, N McClaren, S Salzman, G Wood, B Cooper

(2017), Geelong, Vic., A6

research report/technical paper

Warrnambool business trends report 2011 - 2017

S Salzman, C Parker, W Dimovski, N McClaren, B Cooper

(2017), Geelong, Vic., A6

research report/technical paper

Whitehorse business performance survey 2017

C Parker, S Salzman, N McClaren, W Dimovski, B Cooper

(2017), Geelong, Vic., A6

research report/technical paper

Wyndham city business trends survey 2016

S Salzman, N McClaren, W Dimovski, B Cooper

(2017), Melbourne, Vic., A6

research report/technical paper
2016

Australian real estate management and development companies and women directors

W Dimovski, L Lombardi, C Ratcliffe, B Cooper

(2016), Vol. 34, pp. 18-28, Property management, Bingley, Eng., C1

journal article

Differences in underpricing of A-REIT IPOs and Australian property company IPOs

B Dimovski

(2016), Vol. 34, pp. 107-115, Journal of property investment & finance, Bingley, Eng., C1

journal article

Geelong business trends survey 2015

N Mcclaren, S Salzman, B Dimovski, G Wood, B Cooper

(2016), Geelong, Vic., A6

research report/technical paper
2015

The direct costs of A-REIT IPOs

William Dimovski

(2015), Vol. 33, pp. 196-204, Journal of property investment and finance, Bingley, Eng., C1

journal article

Sustainability, A-REITs and the global financial crisis

B Dimovski, L O'Neill

(2015), Vol. 21, pp. 51-59, Pacific rim property research journal, London, Eng., C1

journal article

The underpricing of infrastructure IPOs: Evidence from China

Q Tan, W Dimovski, V Fang

(2015), Vol. 18, pp. 150025-1-1550025-31, Review of Pacific Basin Financial Markets and Policies, Singapore, Asia, C1

journal article

Geelong region survey of business trends 2014

W Dimovski, S Salzman, N McClaren, J McEvaney, G Wood, B Cooper

(2015), A6

research report/technical paper
2014

Women directors and Australian REIT performance

B Dimovski, L Lombardi, C Ratcliffe, B Cooper

(2014), Vol. 20, pp. 3-11, Pacific rim property research journal, Sydney, NSW, C1

journal article

Market discounts and shareholder benefits: Evidence from Australian REIT private placements

C Ratcliffe, B Dimovski

(2014), Vol. 32, pp. 570-588, Journal of Property Investment and Finance, C1

journal article

The long term performance of Australian REIT IPOs

Shaun Stevenson, W Dimovski

(2014), Vol. 20, pp. 151-165, Journal of real estate portfolio management, Clemson, SC, C1

journal article

An assessment of structural change in the Geelong labour market

M Keneley, W Dimovski, S Stevenson

(2014), Melboune, Vic., A6

research report/technical paper
2013

Initial Public Offerings of Energy Companies

Bill Dimovski

(2013), pp. 235-250, ENERGY ECONOMICS AND FINANCIAL MARKETS, B1

book chapter

Underpricing of infrastructure of IPOs: evidence from India

M Ritchie, W Dimovski, S Deb

(2013), Vol. 30, pp. 24-46, Journal of property research, Oxon, Eng., C1

journal article

Women directors on boards of Australian Real Estate Investment Trusts

W Dimovski, L Lombardi, B Cooper

(2013), Vol. 31, pp. 196-207, Journal of Property Investment and Finance, C1

journal article

A-REIT rights issues

B Dimovski

(2013), Vol. 31, pp. 223-236, Journal of Property Investment and Finance, C1

journal article

An investigation into the drivers of Australian REIT merger and acquisition announcements

C Ratcliffe, B Dimovski

(2013), Vol. 31, pp. 441-461, Journal of Property Investment and Finance, C1

journal article
2012

The level of representative underwriting and the underwriting costs of REIT SEOs

R Bairagi, W Dimovski

(2012), Vol. 30, pp. 18-41, Journal of Property Investment and Finance, C1

journal article

REIT mergers and acquisitions: A meta-analysis

C Ratcliffe, W Dimovski

(2012), Vol. 30, pp. 241-256, Journal of Property Investment and Finance, C1

journal article

Determinants of capital structure of a-reits and the global financial crisis

P Zarebski, B Dimovski

(2012), Vol. 18, pp. 3-19, Pacific Rim Property Research Journal, C1

journal article

Characteristics of A-REIT private placements during the global financial crisis

B Dimovski, L O?Neill

(2012), Vol. 18, pp. 180-190, Pacific Rim Property Research Journal, C1

journal article

The direct costs of raising equity capital by renounceable rights issues in Australia

K Warren, W Dimovski

(2012), pp. 14-19, JASSA : Finsia's quarterly journal of applied finance, Sydney, N.S.W., C1

journal article

The direct costs of raising external equity capital for US REIT IPOs

R Bairagi, W Dimovski

(2012), Vol. 30, pp. 538-562, Journal of Property Investment & Finance, C1

journal article

A-reit bidder returns: An evaluation of public and private targets and method of payment

C Ratcliffe, B Dimovski

(2012), Vol. 18, pp. 335-369, Pacific Rim Property Research Journal, C1

journal article
2011

The pricing of infrastructure initial public offerings : evidence from Australia

W Dimovski

(2011), Vol. 28, pp. 3-14, Journal of property research, Abingdon, England, C1

journal article

A duration analysis of the time from prospectus to listing for a-reit IPOs

W Dimovski, C Ratcliffe

(2011), Vol. 17, pp. 248-259, Pacific Rim Property Research Journal, C1

journal article

The underpricing of US REIT IPOs : 1996-2010

R Bairagi, W Dimovski

(2011), Vol. 28, pp. 233-248, Journal of property research, Abingdon, England, C1

journal article

Underwriter reputation and underpricing : evidence from the Australian IPO market

W Dimovski, S Philavanh, R Brooks

(2011), Vol. 37, pp. 409-426, Review of quantitative finance and accounting, Secaucus, N.J., C1

journal article

Characteristics of a-reit and listed property company rights issues

W Dimovski

(2011), Vol. 17, pp. 357-369, Pacific Rim Property Research Journal, C1

journal article
2010

The underpricing of a-reit ipos in australia during 2002 to 2008

W Dimovski

(2010), Vol. 16, pp. 39-51, Pacific Rim Property Research Journal, C1

journal article

Consolidation within the Australian real estate investment trust sector : an evaluation of the impact on unitholder returns

C Ratcliffe, W Dimovski, M Keneley

(2010), Vol. 26, pp. 283-307, Journal of property research, Abingdon, England, C1

journal article

Underpricing, risk management, hot issue and crowding out effects: Evidence from the Australian resources sector initial public offerings

H Nguyen, W Dimovski, R Brooks

(2010), Vol. 13, pp. 333-361, Review of Pacific Basin Financial Markets and Policies, C1

journal article
2009

A duration analysis of the time from prospectus to listing for Australian initial public offerings

R Brooks, T Fry, W Dimovski, S Mihajilo

(2009), Vol. 19, pp. 183-190, Applied financial economics, London, England, C1

journal article

Exploratory study into the accountancy firms chosen by industrial company IPOs in Australia from 1994 to 2004

L Lombardi, W Dimovski

(2009), Vol. 5, pp. 213-224, Contemporary management research, Taiwan, Republic of China, C1

journal article

Characteristics of listed property trust initial public offerings in Australia 1994 to 2008

B Dimovski

(2009), pp. 149-153, Australia and New Zealand property journal, Deakin, A.C.T, C1

journal article

The global financial crisis and the centro properties group earnings revision and refinancing announcements: An event study

W Dimovski

(2009), Vol. 15, pp. 417-429, Pacific Rim Property Research Journal, C1

journal article
2008

The underpricing of gold mining initial public offerings

W Dimovski, R Brooks

(2008), Vol. 22, pp. 1-16, Research in International Business and Finance, C1

journal article

Analysis of IPO dividend forecasts for australian LPTs

W Dimovski

(2008), Vol. 14, pp. 150-160, Pacific Rim Property Research Journal, C1

journal article

The pricing and underwriting costs of Japanese REIT IPOs

K Kutsuna, W Dimovski, R Brooks

(2008), Vol. 25, pp. 221-239, Journal of Property Research, C1

journal article
2007

Factors influencing the direct costs of property trust ipos

W Dimovski, R Brooks

(2007), Vol. 13, pp. 2-15, Pacific Rim Property Research Journal, C1

journal article

The costs of raising equity capital for closed-end fund IPOs

W Dimovski, R Brooks, A Eekelen

(2007), Vol. 3, pp. 295-299, Applied financial economics letters, London, England, C1

journal article

Differences in underpricing returns between REIT IPOs and industrial company IPOs

W Dimovski, R Brooks

(2007), Vol. 5, pp. 215-225, Advances in quantitative analysis of finance and accounting, Singapore, C1

journal article

The responsiveness of LPT returns and their attributes

C Ratcliffe, B Dimovski

(2007), Vol. 13, pp. 280-297, Pacific Rim Property Research Journal, C1

journal article

Professional accounting qualifications of audit committee membership : implications for curriculum and learning

C Kelly, W Dimovski

(2007), Vol. 14, pp. 97-101, International journal of learning, Altona, Vic., C1

journal article

Do MBA degrees matter? A study of boards of directors in Australia's top 200 companies

E Manning, W Dimovski

(2007), Vol. 14, pp. 1-5, International journal of learning, Altona, Vic., C1

journal article
2006

The gender composition of boards of property trust ipos in australia from 1994 to 2004

W Dimovski, R Brooks

(2006), Vol. 12, pp. 200-210, Pacific Rim Property Research Journal, C1

journal article

The gender composition of boards after an IPO

W Dimovski, R Brooks

(2006), Vol. 6, pp. 11-17, Corporate Governance, C1

journal article

The pricing of property trust IPOs in Australia

W Dimovski, R Brooks

(2006), Vol. 32, pp. 185-199, Journal of Real Estate Finance and Economics, C1

journal article

The costs of raising equity capital by Australian property trust initial public offerings

W Dimovski

(2006), Vol. 12, pp. 162-177, Pacific rim property research journal, Sydney, N.S.W., C1

journal article

Factors influencing money left on the table by property trust IPO issuers

W Dimovski, R Brooks

(2006), Vol. 23, pp. 269-280, Journal of property research, London, England, C1

journal article

Intangible assets and the underpricing of industrial company initial public offerings

W Dimovski, R Brooks

(2006), Vol. 6, pp. 67-73, International journal of knowledge, culture and change management, Altona, Vic., C1

journal article

Stakeholder and gender characteristics of mining and energy IPO boards of directors

W Dimovski, R Brooks

(2006), pp. 103-114, Enhancing corporate accountability : prospects and challenges : conference proceedings, Novotel Hotel, Melbourne, Vic., E1

conference
2005

Dividend forecasts and dividend payments of initial public offerings-when zero means zero and no comment most likely also means zero

W Dimovski, R Brooks

(2005), Vol. 1, pp. 139-141, Applied financial economics letters, London, England, C1

journal article

Putting Their Money Where Their Mouth Is: The Importance of Shareholder Directors Post Listing

W Dimovski, R Brooks

(2005), Vol. 18, pp. 34-39, Accounting Research Journal, C1

journal article

The importance of intangible assets in initial public offerings

W Dimovski, R Brooks

(2005), Vol. 4, pp. 1505-1509, International journal of knowledge, culture and change management., Altona, Vic., C1

journal article

The gender composition of boards of property trust initial public offerings

W Dimovski, R Brooks

(2005), pp. 1-11, PRRES Conference 2005 proceedings, Melbourne, Vic., E1

conference

Characteristics and underpricing of Australian mining and energy IPOs from 1994 to 2001

W Dimovski, R Brooks

(2005), pp. 1-17, 3rd Financial Markets Asia-Pacific Conference 2005, Sydney, New South Wales, E1

conference
2004

Stakeholder representation on the boards of Australian initial public offerings

W Dimovski, R Brooks

(2004), Vol. 14, pp. 1233-1238, Applied financial economics, London, England, C1

journal article

The importance of audit committees in initial public offerings

W Dimovski, C Kelly

(2004), Vol. 1, pp. 7-11, ICFAI journal of audit practice, Hyderabad, India, C1

journal article

Initial public offerings in Australia 1994 to 1999, recent evidence of underpricing and underperformance

W Dimovski, R Brooks

(2004), Vol. 22, pp. 179-198, Review of Quantitative Finance and Accounting, C1

journal article

Do you really want to ask an underwriter how much money you should leave on the table?

W Dimovski, R Brooks

(2004), Vol. 14, pp. 267-280, Journal of International Financial Markets, Institutions and Money, C1

journal article

Promise more, leave less

W Dimovski, R Brooks

(2004), Vol. 3, pp. 5-9, International journal of knowledge, culture and change management, Altona, Vic., C1

journal article

Hot issues, new economy stocks and Australian industry IPO returns in the late 1990s

R Brooks, W Dimovski

(2004), Vol. 3, pp. 1-4, International journal of knowledge, culture and change management, Altona, Vic., C1

journal article

The characteristics of property trust IPOs in Australia

W Dimovski, R Brooks

(2004), pp. 1-13, AIBF : 9th Banking and Finance Conference : challenges in banking and finance, Melbourne, Vic., E1

conference

Board composition changes after an initial public offering

W Dimovski, R Brooks

(2004), pp. 1-14, Proceedings of the Emerging Financial Markets & Services Asia-Pacific Conference, Sydney, N.S.W., E1

conference
2003

Financial characteristics of Australian initial public offerings from 1994 to 1999

W Dimovski, R Brooks

(2003), Vol. 35, pp. 1599-1607, Applied economics, United Kingdom, C1

journal article

Funded Projects at Deakin

Other Public Sector Funding

Whitehorse Business Performance and Monitor Survey 2017

Dr Scott Salzman, Dr Craig Parker, A/Prof Bill Dimovski, Prof Barry Cooper, Dr Nicholas Mcclaren

  • 2017: $8,000

Industry and Other Funding

Social Entrepreneurship within NFP Sector - Geelong

Prof Nava Subramaniam, A/Prof Bill Dimovski

  • 2014: $10,000

Supervisions

Principal Supervisor
2015

Christopher Joseph Ratcliffe

Thesis entitled: The Market for Corporate Control: The Case of Australian Listed Property

Doctor of Philosophy, Department of Finance

2014

Paul Zarebski

Thesis entitled: AGENCY ISSUES SURROUNDING A-REITS AND THE GLOBAL FINANCIAL CRISIS

Doctor of Philosophy, School of Accounting, Economics & Finance

2012

Ranajit Bairagi

Thesis entitled: Costs of Raising Equity Capital for U.S. REITs.

Doctor of Philosophy, School of Accounting, Economics & Finance