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Karen Benson

Dr Karen BENSON

Contact

Telephone +61 7 3346 8009
Facsimile +61 7 3346 8166
Email K.Benson@business.uq.edu.au
Location 39-322

Positions Held

Senior Lecturer in Finance

Academic Qualifications

Degree Institution Field Year
PhD Monash University Finance 2004
MCom James Cook University Commerce 1996
BCom (Hons) James Cook University Commerce 1988

Memberships

  • Associate Member - CPA Australia
  • Member - Accounting and Finance Association of Australia and New Zealand (AFAANZ)

Major Research Grants

Year Title of Grant Granting Agency Amount
2008 Socially responsible investment funds: The impact of screening on fund performance, with Humphrey, J., and Lee, D. AFAANZ Research Grant 7,186
2008 Promoting women fellowships University of Queensland 13,400
2007-2009 Superannuation funds: Ensuring the financial health of Australians in retirement (with Gray, P., Oliver, B., Hutchinson, M., and K. Alpert). ARC Discovery Project 349,000
2006 Socially responsible investment funds: An investigation of performance persistence and fund flows (with P. Gray) AFAANZ Research Grant 6,000
2003 Assessment of tournament behaviour of Australian Equity Funds UQ New Staff Research Grant 11,939
1995 Development of an interactive multimedia CD Rom for the use in first year accounting UQ Committee for the Advancement of University Teaching 57,000
1994 Development of an interactive multimedia CD Rom for the use in first year accounting James Cook University Teaching Grant 12,000
1991 Assessment of Australian Equity Trusts Merit Research Grant 3,000

Field of Current Research

Title of Research Area Brief Description
Funds management The relationship between performance and fund flows of mutual funds; Fund flows and persistence in SRI funds; Superannuation funds

Publications

Books And Monographs

  • Benson, K. and Alison, S. (1999), Fundamentals of Accounting CD-Rom and Student Manual, McGraw-Hill Book Company Australia Ltd, Roseville.

Published Refereed Journal Articles

  • Hallahan, T., Faff. R., and Benson, K.L, (2008), Fortune Favours the Bold? Exploring Tournament Behavior among Australian Superannuation Funds, Journal of Financial Services Research, 33, 205-220
  • Benson, K.L. and Humphrey, J.E. (2008), Socially responsible investment funds: Investor reaction to current and past returns, Journal of Banking and Finance, 32(9), 1850-1859.
  • Benson, K.L., Tang, G., and Tutticci, I., (2008) The relevance of family characteristics to individual fund flows. Australian Journal of Management, 32(3), 419-444.

  • Benson, K.., Gray, P., Kalotay, E., and Qiu, J., (2008) Portfolio construction and performance measurement when returns are non-normal, Australian Journal of Management, 32(3), 444-462.
  • Benson, K.L., Gallagher, D.R, and Teodorowski, P., (2007) Momentum investing and the asset allocation decision, Accounting and Finance, 47(4), pp571-598.
  • Benson, K.L., Faff, R.W., and Nowland, J. (2007) Do derivatives have a role in the risk shifting behaviour of fund managers. Australian Journal of Management, 32(2), pp271-292.
  • Benson, K.L. & Faff, R.W., (2006) Conditional performance evaluation and the relevance of money flows for Australian international equity funds. Pacific Basin Finance Journal. 14(3), 231-249.
  • Benson, K.L, Brailsford, T.J. & Humphrey J.E. (2006). Do socially responsible fund managers really invest differently? Journal of Business Ethics.65(4), 337-357.
  • Benson, K.L. & Faff, R.W. (2004), The Relationship Between Exchange Rate Exposure, Currency Risk Management and Performance of International Equity Funds, Pacific Basin Finance Journal, 12, 333-357.
  • Benson, K.L. & Oliver, B. (2004), Management Motivation for using Financial Derivatives in Australia, Australian Journal of Management 29(2), 225-242.
  • Benson, K.L & Faff, R.W. (2004), Investigating Performance Benchmarks in the Context of International Trusts: Australian Evidence. Applied Financial Economics 14, 631-644.
  • Benson, K.L., & Faff, R.W. (2003), Exchange Rate Sensitivity of International Equity Funds, Global Finance Journal, 14(1), pp95-120.
  • Benson, K.L., Pope, P. & Faff, R. (2003), The relevance of Investor Risk Classes in Ranking Fund Performance: An Application of the Extended Mean-Gini CAPM, Journal of Quantitative Economics, 1(1), 20-35.
  • Benson, K.L., Pope, P., & Faff, R.W., (2003), An Investigation of the Relationship between Stated Fund Management Policy and Market Timing Ability, Pacific Accounting Review, 15(1), 1-16

  • Benson, K.L. and Faff, R.W. (2003), A performance analysis of Australian international equity trusts, Journal of International Financial Markets, Institutions & Money, 13(1), 69-84.
  • Benson, K. and Pope, P. (2000), An analysis of the difference between mean-variance CAPM betas and extended mean-gini CAPM betas in a fund performance setting, Accounting Research Journal, 13 (1), 62-75.
  • Benson, K.L., Alison, S. and Arger, G. (1996), Interactive Multimedia in Introductory Accounting: A preliminary analysis, Higher Education Research and Development, 15(1), 1-12.
  • Berryman, J., and Benson, K.L. (1989), A report on the use of Coopers and Lybrand Pre-Audit Software in an Undergraduate Auditing Course, Accounting Research Journal, Spring.

Published Professional Journal Articles

  • Benson, K., and Gray P., (2005), Does the short rate predict market returns?" Journal of Investment Strategy, 1(1), 59-62.
  • Benson, K.L and Humphrey, J.E., (2005), Can we distinguish between Socially Responsible Investment Funds and Conventional Funds? Portfolio Construction Journal.
  • Benson, K.L. and Pope, P.J., (1993), Active or Passive - What is the Difference? JASSA (Journal of the Securities Institute of Australia), 4, 25-29.

Research Interests

  • Corporate and Investment Valuation
  • Investments and Funds Management

Academic Cluster

Finance

Absences

On leave Semester 1, 2009.

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