Fellows Detail

Professor Bruce Grundy

PhD (University of Chicago), BCom (Hons) (University of Queensland)

Elected: 2015

Discipline: Economics

Specialisation: Corporate Finance, Derivatives, Corporate Governance, Charitable Fund Raising, Funds Management


Professor BRUCE D. GRUNDY of the University of Melbourne was previously at the Wharton School and Stanford University. Bruce has been a visiting professor at the University of Chicago, Goethe University Frankfurt, Singapore Management University and London Business School. He is the past managing editor of the International Review of Finance and an associate editor of the Journal of Finance, Review of Financial Studies, Journal of Financial Research, Journal of Financial and Quantitative Analysis and Accounting and Finance. Bruce has published on momentum trading strategies, option pricing, dividend policy, convertible bond pricing and design, hedge funds, rational expectations models, the valuation and exercise of real options, the information content of option prices, and charitable fundraising. Bruce is a founding member of the Finance Research Network and a Senior Fellow of the Asian Bureau of Finance & Economic Research.


University of Melbourne 1998 – present

The Wharton School 1990 – 1998

Stanford University 1985 – 1990


Senior Fellow Asian Bureau of Finance & Economics

Founding Member Finance Research Network

Batterymarch Fellow


Grundy, B.D. and P. Verwijmeren, 2016, “Disappearing call delay and dividend-protected convertible bonds,” Journal of Finance.

Gong, N. and B.D. Grundy, 2014, “Charitable fund raising: Matching grants or seed money,” Journal of Economic Behavior and Organization 108, 147-165.

Aharoni, G. B.D. Grundy and Q Zeng, 2013, “Stock returns and the Miller-Modigliani valuation formula: Revisiting the Fama-French analysis,” Journal of Financial Economics 110(2), 347-357.

Brown, S., B.D. Grundy, C. Lewis and P. Verwijmeren, 2012, “Convertibles and hedge funds as distributors of equity exposure,” Review of Financial Studies 25(10), 3077-3112.

Grundy, B.D., B. Lim and P. Verwijmeren, 2012, “Do option markets undo restrictions on short sales?  Evidence from the 2008 short-sale ban,” Journal of Financial Economics 106(2), pp. 331–348.


Website: http://www.findanexpert.unimelb.edu.au/display/person3773
Email: bruceg [at] unimelb.edu.au
Work Phone: (03) 8344 9083

Contact Information

Academy of the Social Sciences in Australia

    ABN: 59 957 839 703
  • Location: 26 Balmain Crescent, Acton, ACT 2601
  • Postal: GPO Box 1956, Canberra, ACT 2601
  • +61 .2 62491788
  • +61 .2 62474335
  • secretariat@assa.edu.au