Profile image of Harminder Singh

A/Prof. Harminder Singh



Director, Executive Education (International)


Faculty of Business and Law


BL Deakin Business School


Melbourne Burwood Campus


Graduate Certificate of Higher Education, Deakin University, 2005
Doctor of Philosophy, , 2001
Master of Commerce, University of Melbourne, 1998
Bachelor of Commerce, , 1987



Associate Professor Harminder Singh is a Lecturer in the Department of Finance in Deakin Business School. Prior to Deakin, he taught at SGGSC Commerce, University of Delhi. Harminder is currently the Director of Master of International Finance (MIF) programme in the School of Accounting Economics and Finance at Deakin University. Harminder has served as coordinator Honours programme, seminar coordinator and discipline coordinator during his tenure at Deakin. His teaching experience includes Equity and Investment Analysis (B.Com), Advanced Investments (Honours), International Finance (MIF), Treasury and Risk Management (MIF). He has been actively involved in the supervision of PhD students.

He has published in Financial Review, Journal of International Financial Markets Institutions and Money, Journal of Asset Management, Journal of Multinational Financial Management, Review of Futures Market, International Journal of Managerial Finance, Journal of Asian Economics and International Journal of Business and Economics, amongst others. He has received competitive grants from the Institute of Chartered Accountants of Australia, Australian Centre for Financial Studies, and the University Grants Commission. Harminder has a research interest in Asset Pricing, Behavioural Finance, Asian Financial Markets and Corporate Finance.

On the corporate front, Harminder has devised and delivered Executive Development Programmes and Faculty Development Programmes to the participants of Baosteel (China), UCO Bank (India), BIDV Bank (Vietnam), HMV (India). His research has appeared in Times of India, Financial Review (Leading Australian Business Newspaper), The Tribune etc.

Read more on Harminder's profile

Research interests

  • Asset Pricing
  • Behavioural Finance
  • Asian Financial Markets
  • Corporate Finance


  • Member, Accounting and Finance Association of Australia and New Zealand.
  • Member, FINSIA, Melbourne Centre for Financial Studies, Australia.
  • Member, Midwest Finance Association, USA.
  • Member, Eastern Finance Association, USA.

Teaching interests

  • Investments
  • Advanced Investments
  • Financial Markets
  • International Finance

Units taught

  • MAF307 - Equity and Investment Analysis
  • MAF761 - Advanced Investments
  • MAF 760 - International Finance
  • Treasury and Investment Analysis

Media appearances

  • Interview article in The Australian Financial Review on 25 June 2012.
  • Article on Directors’ Trades in The Australian Financial Review on 21 Oct 2008.
  • Article on Eurozone Crisis and its Impact on Asian Capital Markets in Times of India-Kolkata on 19 December 2011.


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Investor attention, analyst recommendation revisions, and stock prices

V Welagedara, S Deb, H Singh

(2017), Vol. 45, pp. 211-223, Pacific basin finance journal, Amsterdam, The Netherlands, C1


The high-volume return premium: does it exist in the Chinese stock market?

P Wang, Y Wen, H Singh

(2017), Vol. 46, pp. 323-336, Pacific-basin finance journal, Amsterdam, The Netherlands, C1


Latency reduction and market quality: the case of the Australian Stock Exchange

H Murray, T Pham, H Singh

(2016), Vol. 46, pp. 257-265, International review of financial analysis, Amsterdam, The Netherlands, C1


Invisible walls: Do psychological barriers really exist in stock index levels?

S Woodhouse, H Singh, S Bhattacharya, K Kumar

(2016), Vol. 36, pp. 267-278, North American journal of economics and finance, Amsterdamn, The Netherlands, C1


Dividends, leverage, and family ownership in the emerging Indonesian market

E Mulyani, H Singh, S Mishra

(2016), Vol. 43, pp. 16-29, Journal of international financial markets, institutions and money, Amsterdam, The Netherlands, C1


Stock market liquidity and firm value : an empirical examination of the Australian market

T Nguyen, H Duong Nhan, H Singh

(2016), Vol. 16, pp. 639-646, International review of finance, London, Eng., C1


Information content of directors' trading around acquisitions

S Shams, H Nhan, H Singh

(2016), Vol. 38, pp. 177-193, Pacific-Basin finance journal, Amsterdam, The Netherlands, C1


Short-term impacts of the cricket match performances on national share markets - a case study of India and Australia

A Verstoep, H Singh, P Nguyen, S Bhattacharya

(2015), Vol. 18, pp. 263-274, Sport in society, London, Eng., C1


Information asymmetry, trade size, and the dynamic volume-return relation: evidence from the Australian securities exchange

Y Sun, H Duong, H Singh

(2014), Vol. 49, pp. 539-564, Financial review, Hoboken, N. J., C1


Trading volume, realized volatility and jumps in the Australian stock market

H Shahzad, H Duong, P Kalev, H Singh

(2014), Vol. 31, pp. 414-430, Journal of international financial markets, institutions & money, Amsterdam, The Netherlands, C1


The determinants of stock prices : new evidence from the Indian banking sector

P Narayan, S Narayan, H Singh

(2014), Vol. 50, pp. 5-15, Emerging markets finance & trade, Armonk, N. Y., C1


The diversification discount and takeovers : some Australian evidence

M Nankervis, H Singh

(2012), Vol. 8, pp. 36-57, International journal of managerial finance, Bingley, England, C1


Do macro-economic variables explain stock-market returns? Evidence using a semi-parametric approach

S Mishra, H Singh

(2012), Vol. 13, pp. 115-127, Journal of asset management, London, England, C1


What does volume reveal : a study of the Indian single stock futures market

R Martins, H Singh, S Bhattacharya

(2012), Vol. 11, pp. 409-419, Indian journal of economics and business, New Delhi, India, C1


Does momentum still exist in the Australian stock-market?

I Nandha, H Singh, R Silvers

(2012), Vol. 11, pp. 89-92, International journal of business and economics, Taichung, Taiwan, C1


An analysis of trading in target stocks before successful takeover announcements

M Clements, H Singh

(2011), Vol. 21, pp. 1-17, Journal of multinational financial managment, Amsterdam, The Netherlands, C1


Herding behaviour in the Chinese and Indian stock markets

P Lao, H Singh

(2011), Vol. 22, pp. 495-506, Journal of Asian Economics, C1


Optimal hedge ration with moving least squares - an empirical study using Indian single stock futures data

S Bhattacharya, H Singh, R Alas

(2011), pp. 98-111, International research journal of finance and economics, Leicestershire, U. K., C1


Efficiency and unbiasedness in the Indian stock index futures market

P Bhattacharya, H Singh

(2010), Vol. 18, pp. 239-263, Review of futures markets, Washington, DC, C1


What factors drive takeovers in Australia?

J Porter, H Singh

(2010), Vol. 9, pp. 87-103, International journal of business and economics, Taichung, Taiwan, C1


A comparative study of banking in China and India, non-performing loans and the level playing field

D Shanker, M Wadud, H Singh

(2009), Vol. 57, pp. 1-21, Indian economic journal, Bombay, India, C1


Do macroeconomic variables explain stock market returns: Some evidence using a semi-parametric approach

S Mishra, H SIngh

(2009), "Value Creation and Management : Vision for 2010" : The 17th Annual Conference on PBFEAM and The 3rd International Conference on Business in Asia (iCBA), Bangkok, Thailand, E1


The information content of directors' trades: Empirical analysis of the Australian market

L Hotson, H Singh, N Singh

(2008), Vol. 5, pp. 122-133, Investment Management and Financial Innovations, C1


Time varying hedge ratios : an application to the Indian stock futures market

P Bhattacharya, H Singh, G Gannon

(2007), Vol. 16, pp. 75-104, Review of futures markets, Kent, Ohio, C1


Time-varying hedge ratios: an application to the Indian stock futures market

P Bhattacharya, H Singh, G Gannon

(2006), Econometric Society Australasian Meetings Papers, Alice Springs, NT, E1


Merger announcements and insider trading activity in India: An empirical investigation

M Agarwal, H Singh

(2006), Vol. 3, pp. 140-154, Investment Management and Financial Innovations, C1


On the extent of speculative activity in the Indian stock market during badla and post-badla period

H Singh, V Marisetty

(2005), Vol. 11, pp. 5-15, ICFAI journal of applied finance, India, C1


Funded Projects at Deakin

Industry and Other Funding

The Information Content of Bank Loan Announcements on Borrower Stock Returns and Liquidity

A/Prof Harminder Singh

  • 2012: $5,800


Principal Supervisor

Venura Welagedara

Thesis entitled: The Post-Revision Drift, Analyst Characteristics and Investor Attention

Doctor of Philosophy, Department of Finance


Evy Mulyani

Thesis entitled: Dividend and Family Ownership: Evidence from Indonesia

Doctor of Philosophy, School of Accounting, Economics & Finance


Hassan Shahzad

Thesis entitled: Volume and Volatility Relationship in the Australian Stock Exchange

Master of Commerce, School of Accounting, Economics & Finance

Executive Supervisor

Van Anh Mai

Thesis entitled: The Implications of Marketing Capability in Financial Market

Doctor of Philosophy, Department of Finance

Associate Supervisor

Paul Zarebski


Doctor of Philosophy, School of Accounting, Economics & Finance