Raymond da Silva Rosa is a Professor of Finance at UWA Business School, the University of Western Australia.
He is an elected member of UWA's Senate, Member of its Academic Council and former President of the UWA Academic Staff Association as well as a former president of the Accounting & Finance Association of Australia and New Zealand.
Other current positions
Idependent Director, Absolute Equity Performance Fund Limited (ASX ticker: AEG)
Fellow, St Catherine's College
Member of the Editorial Boards of
Accounting and Finance (Journal)
Australian Journal of Management
Raymond lectures in Investment Analysis (3rd year undergraduate), Advanced Corporate Finance (4th year honours level), Managerial Finance (MBA program) and Mergers and Acquisitions (MBA program)
Raymond has taught in the MBA program at Melbourne Business School, in the Masters Program at the University of Sydney and at the Stern School of Business, New York University where he lectured in Behavioural Finance. Raymond wrote his PhD thesis on the sharemarket consequences of mergers and acquisitions and retains an on-going research interest in this area. He has also provided opinion as an expert witness on several occasions in lawsuits that arose from disputed contests for corporate control.
He has published widely on M&As in academic research journals and has provided opinion in this area as an expert witness on several occasions.
Member, UWA Senate
Member, UWA Academic Council
President, UWA Academic Staff Association,
Co-President (Australia), Accounting & Finance Association of Australia and New Zealand (AFAANZ)
Member, Editorial Board, Accounting & Finance - academic journal published under the auspices of AFAANZ
Member, Editorial Board, Australian Journal of Management – academic journal published by Sage
WA Representative, SIRCA Member Research Committee (http://www.sirca.org.au/about-sirca/member-research-committee/)
The role of networks in raising capital for micro-cap firms
Investigations into the market for directors of listed companies
Impact of natural disasters on individuals' investment choices
Several topics related to mergers and acquisitions
Recipient in 2015 with Professor Martin Bugeja (UTS), Dr Yaowen Shan (UTS), Professor Terry Walter (Sydney) and Professor David Yermack (New York University) of $120,000 from the Centre for International Finance and Regulation for research on the impact of the “two strikes” rule on management compensation.
Over $60,000 since 2012 from Colonial First State Global Asset Management for research in development of the proprietary Australian Equity Preference Index. Co-recipients: Paul Gerrans and Richard Heaney. This is an on-going project
Recipient with Professor Izan and Associate-Professor Martin Bugeja of an ARC Discovery Grant totaling $190,000 over the three years 2012, 2013 and 2014. Title: Schemes of arrangement versus takeovers: implications of the choice for shareholders and directors
Recipient with Professor Izan and Dr Martin Bugeja of an ARC Discovery Grant totalling $179,000 over the three years 2007, 2008 & 2009. Title: “The role of directors in corporate takeovers”
Recipient with Professor Allen Craswell of an Australian Research Council Large Grant totalling $140,750 over the three years 2001, 2002 and 2003. Title: “The impact of corporate ownership structure and board composition on corporate information disclosures”
Recipient with Professor Terry Walter of an Australian Research Council Large Grant totalling $149,000 over the three years 1997, 1998 and 1999. Title: “Corporate Performance following Takeover Bids: Sharemarket and Accounting Based Measures”.
Recipient with Professor Izan and Associate-Professor Martin Bugeja of an ARC Discovery Grant totaling $190,000 over the three years 2012, 2013 and 2014. Title: Schemes of arrangement versus takeovers: implications of the choice for shareholders and directors
Recipient with Professor Izan and Dr Martin Bugeja of an ARC Discovery Grant totalling $179,000 over the three years 2007, 2008 & 2009. Title: “The role of directors in corporate takeovers”
Recipient with Professor Allen Craswell of an Australian Research Council Large Grant totalling $140,750 over the three years 2001, 2002 and 2003. Title: “The impact of corporate ownership structure and board composition on corporate information disclosures”
Recipient with Professor Terry Walter of an Australian Research Council Large Grant totalling $149,000 over the three years 1997, 1998 and 1999. Title: “Corporate Performance following Takeover Bids: Sharemarket and Accounting Based Measures”.
Other Research Grants
$42,450 in 2012 - from Colonial First State Global Asset Management for research in development of the proprietary Australian Equity Preference Index, 2012. Co-recipients: Paul Gerrans and Richard Heaney. This is an on-going project. See http://www.cfsgam.com.au/uploadedFiles/CFSGAM/Blogs/EPI_Blog/Equity_Preference_Index_June2012.pdf
$16,333 in 2011 from the UWA Futures Fund for research into “Capital Raising by Junior Resources Companies”, 2011. Co-recipient: Sharon Purchase. This is an on-going project. A report back to the industry participants was provided at a research forum hosted by Sharon Purchase and Raymond da Silva Rosa. Title of forum: “The role of business networks on venture formation in the Junior Mining sector”
Head, Accounting & Finance, UWA Business School (July 2008 to December 2011)
Associate Dean – International, UWA Business School (August 2010 to November 2012)
Senior Visiting Fellow, MBA Program Melbourne Business School, University of Melbourne (courses taught: M&A, Investments)
Visiting Associate Professor, Stern School of Business, New York University (Jan 2008 to June 2008)
Associate Professor, UWA Business School (2001 to 2007)
Senior Lecturer, Faculty of Economics and Business, University of Sydney (1998 to 2001)
Member, Editorial Board, Australian Accounting Review (2002 to June 2009)
Industry Commissioned Research
Connect4 – commissioned expert commentary to accompany its 2013, 2012, 2011, 2010, 2009, 2008, and 2007 annual surveys of CEO and directors’ pay in Australian stock exchange listed companies. A separate report on pay to women directors in ASX-listed companies was commissioned in 2009. For details of “2013 Boardroom Remuneration Review” see http://connect4.com.au/
Securities Institute of Australia (SIA) - commissioned report on impact of takeover activity of the 20% limit on acquisition of shares before a formal takeover offer has to be made (with Martin Bugeja, University of Sydney)
Canadian Government “Wise Persons Committee” – commissioned report on the impact of federalisation of Australia’s securities legislation on the Australian capital markets (with Professor Ralph Simmonds, Foundation Dean of Murdoch Law School). Copy of report available at: http://www.wise-averties.ca/report_en.html
ASX Ltd - commissioned report on the capital gains tax implications of Australian initial public offerings over the period 1995 to 1999.
HBF & Gerrard Daniels - commissioned report on factors determining corporate directors’ remuneration
Provided expert opinion in eleven legal court cases, commissioned either by ASIC or private parties
• Connect4 – commissioned expert commentary to accompany its 2015, 2014, 2013, 2012, 2011, 2010, 2009, 2008, and 2007 annual surveys of CEO and directors’ pay in Australian stock exchange listed companies. A separate report on pay to women directors in ASX-listed companies was commissioned in 2009. For details of “2015 Boardroom Remuneration Review” see http://connect4.com.au/
• Securities Institute of Australia (SIA) - commissioned report on impact of takeover activity of the 20% limit on acquisition of shares before a formal takeover offer has to be made (with Martin Bugeja, University of Sydney)
• Canadian Government “Wise Persons Committee” – commissioned report on the impact of federalisation of Australia’s securities legislation on the Australian capital markets (with Professor Ralph Simmonds, Foundation Dean of Murdoch Law School). Copy of report available at: http://www.wise-averties.ca/report_en.html
• ASX Ltd - commissioned report on the capital gains tax implications of Australian initial public offerings over the period 1995 to 1999.
• HBF & Gerrard Daniels - commissioned report on factors determining corporate directors’ remuneration
• Provided expert opinion in eleven legal court cases, commissioned either by ASIC or private parties
Mergers and acquisitions; Corporate Governance focusing on the market for directors; and the role of networks in capital markets