Henk Berkman

Fractional Professor

The University of Sydney
NSW 2006 Australia


Henk is Professor of Finance at the University of Auckland and has a fractional appointment as research professor at the University of Sydney. He completed his PhD at Erasmus University Rotterdam and has held positions at Erasmus and Massey University, and the Universities of Kansas, Maastricht and Sydney. Henk has published in leading journals such as the Journal of Financial Economics, the Review of Financial Studies, the Journal of Accounting Research and the Journal of Finance. He is on the editorial board of the Pacific Basin Finance Journal, Journal of International Money and Finance and Pacific Accounting Review. He has acted as a consultant for a number of multinationals and market regulators around the world, has been on several boards, and is currently on the board of the New Zealand Super Fund.

Selected publications


Journal Articles

Berkman H, Jona J, Lee G, and Soderstrom N (2018) Cybersecurity awareness and market valuations Journal of Accounting and Public Policy, 37 (6), 508-526. [More Information]

Berkman H, Koch P, and Westerholm P (2018) Personal Trading by Brokers, Analysts, and Fund Managers Mutual Funds, Hedge Funds, & Investment Industry eJournal, 10 (164), 1-67. [More Information]


Journal Articles

Berkman H, and Eugster M (2017) Short on drugs: Short selling during the drug development process Journal of Financial Markets, 33, 102-123. [More Information]

Berkman H, and Jacobsen B (2017) Rare disaster risk and the expected equity risk premium Accounting and Finance, 57 (2), 351-372. [More Information]

Berkman H, and Koch P (2017) DRIPs and the dividend pay date effect Journal of Financial and Quantitative Analysis, 52 (4), 1765-1795. [More Information]

Berkman H, McKenzie M, and Verwijmeren P (2017) Hole in the wall: Informed short selling ahead of private placements Review of Finance, 21 (3), 1047-1091. [More Information]


Journal Articles

Berkman H, and Galpoththage V (2016) Political connections and firm value: an analysis of listed firms in Sri Lanka Pacific Accounting Review, 28 (1), 92-106. [More Information]

Berkman H, Clement R, and Zhang A (2016) KiwiSaver risk indicators New Zealand Economic Papers, 50 (1), 71-87. [More Information]


Journal Article

Berkman H, Koch P, and Westerholm P (2015) Beware of Children Trading Journal of Investment Management, 13 (3), 80-92.


Journal Articles

Berkman H, Cole R, and Fu L (2014) Improving corporate governance where the State is the controlling block holder: Evidence from China European Journal of Finance, 20, 752-777. [More Information]

Berkman H, Koch P, and Westerholm P (2014) Informed Trading through the Accounts of Children The Journal of Finance, 69 (1), 363-404. [More Information]


Journal Article

Berkman H (2013) The Capital Asset Pricing Model: A Revolutionary Idea in Finance! Abacus, 49 (SUPPL.1), 32-35. [More Information]


Journal Articles

Berkman H, and McKenzie M (2012) Earnings Announcements: Good News for Institutional Investors and Short Sellers The Financial Review (Statesboro), 47 (1), 91-113. [More Information]

Berkman H, Koch P, Tuttle L, and Zhang Y (2012) Paying attention: Overnight returns and the hidden cost of buying at the open Journal of Financial and Quantitative Analysis, 47 (4), 715-741. [More Information]


Journal Article

Berkman H, and Comerton-Forde C (2011) Market microstructure: A review from down under Accounting and Finance, 51 (1), 50-78. [More Information]


Journal Article

Berkman H, Brailsford T, and Frino A (2005) A note on execution costs for stock index futures: Information versus liquidity effects Journal of Banking & Finance, 29 (3), 565-577. [More Information]

Selected grants