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Staff Profile


Career Summary


Paul has been a faculty member since 2007 and he completed his PhD in finance in 2011.

Paul's research interests lie in empirical finance and capital markets, focusing primarily on asset pricing. His research has been published in journals including Accounting and Finance, Applied Economics and The Australian Journal of Management. He is the chief investigator for a large external grant that was awarded by Platypus Asset Management in 2011 and continues to work collaboratively with professionals in the funds management industry.


  • PhD (Accounting and Finance), University of Newcastle, 05/09/2011
  • Bachelor of Commerce, University of Newcastle, 12/12/2005
  • Graduate Certificate Practice of Tertiary Teaching, University of Newcastle, 11/12/2009
  • Bachelor of Commerce (Honours), University of Newcastle, 07/12/2006


Research keywords

  • Asset Pricing
  • Finance
  • Funds Management
  • Market Efficiency

Research expertise

Research areas in finance including:

  • Asset pricing
  • Market efficiency
  • Macroeconomics

Fields of Research

150205Investment And Risk Management60
150202Financial Econometrics20


Paul collaborates extensively with academics from The University of Melbourne, having co-authored several papers with Associate Professor Howard Chan. He is also undertaking ongoing research collaboration with an industry partner; Platypus Asset Management.


Teaching keywords

  • Empirical Finance
  • Investment Analysis
  • Portfolio Management
  • Quantitative Research Methods


For publications that are currently unpublished or in-press, details are shown in italics.

Click on a category title below to expand the list of citations for that specific category.

Book (1 outputs)

2014Kidwell D, Brimble M, Lenten L, Docherty PA, Mazzola P, Basu A, Financial Markets, Institutions and Money, Wiley, Milton, QLD, 843 (2014) [A4]

Journal article (10 outputs)

2015Chan H, Docherty P, 'Momentum in Australian style portfolios: Risk or inefficiency?', Accounting and Finance, (2015)
2015Docherty P, Melia A, 'The race that stops the equity market', Applied Economics Letters, (2015)
2014Docherty P, Easton S, 'A note on the pricing of Australian government asset sales', Australian Journal of Management, 39 415-423 (2014) [C1]
2014McCredie B, Docherty P, Easton S, Uylangco K, 'The differential impact of monetary policy announcements and explanatory minutes releases on the Australian interest rate futures market', Pacific Basin Finance Journal, 29 261-271 (2014) [C1]
2014Akhtaruzzaman MD, Docherty P, Shamsuddin AFM, 'Interest rate, size and book-to-market effects in Australian financial firms', Applied Economics, 46 3005-3020 (2014) [C1]
2013Docherty P, Chan H, Easton S, 'Australian evidence on the implementation of the size and value premia', ACCOUNTING AND FINANCE, 53 367-391 (2013) [C1]
2013Docherty P, Chan H, Easton S, 'Can we treat empirical regularities as state variables in the ICAPM? Evidence from Australia', PACIFIC-BASIN FINANCE JOURNAL, 22 107-124 (2013) [C1]
2012Docherty PA, Easton SA, 'Market efficiency and continuous information arrival: Evidence from prediction markets', Applied Economics, 44 2461-2471 (2012) [C1]

Co-authors: STEVE EASTON

2011Docherty PA, Chan H, Easton SA, 'Asset tangibility, industry representation and the cross section of equity returns', Australian Journal of Management, 36 75-87 (2011) [C1]
2010Docherty PA, Chan H, Easton SA, 'Tangibility and investment irreversibility in asset pricing', Accounting and Finance, 50 809-827 (2010) [C1]
Show 7 more

Conference (2 outputs)

2010Docherty PA, Chan H, Easton SA, 'Asset tangibility, industry representation and the cross section of equity returns', 23rd Australasian Finance and Banking Conference 2010, Sydney, NSW (2010) [E1]
2009Docherty PA, Chan H, Easton SA, 'Tangibility, investment irreversibility and asset pricing', 22nd Australasian Finance and Banking Conference 2009, Sydney, NSW (2009) [E1]

Co-authors: STEVE EASTON


Grants and Funding


Number of grants1
Total funding$99,000

- Indicates that the researcher may be seeking students for this project.

Click on a grant title below to expand the full details for that specific grant.

2012 (1 grants)

Practical implementation of anomaly-based investment strategies and the investigation of new anomalies in the Australian stock market$99,000
Funding Body: Platypus Asset Management

Project Team
Doctor Paul Docherty, Professor Stephen Easton, Professor Jim Psaros, Dr Howard Chan, Professor Philip Gray
Research GrantChief Investigator
Total AmountFunding StartFunding Finish

Research Supervision

Number of current supervisions6
Total current UoN PhD EFTSL2.33

For supervisions undertaken at an institution other that the University of Newcastle, the institution name is listed below the program name.

Current Supervision

ProgramSupervisor TypeResearch Title
20142018PhD (Accounting & Finance)Co-SupervisorCorporate Governance and Firm Performance in Saudi Arabia
20142017PhD (Accounting & Finance)Co-SupervisorLiquidity and Systematic Risk in the US Loan Market
20132017PhD (Accounting & Finance)Co-SupervisorReturn Dispersion and Asset Pricing
20132021PhD (Accounting & Finance)Co-SupervisorNet Share Issuance and Asset Pricing: An Australian Study
20132017PhD (Accounting & Finance)Co-SupervisorStock Return Anomalies in Emerging Markets
20132017PhD (Accounting & Finance)Co-SupervisorThe Q-Factor Model of Asset Pricing - Australian Evidence

Past Supervision

YearProgramSupervisor TypeResearch Title
2015PhD (Accounting & Finance)Co-SupervisorThe Channels of Monetary Policy on Australian Financial Markets
2013PhD (Accounting & Finance)Co-SupervisorInterest Rate Risk of Australian Financial Firms

Dr Paul Docherty

Work Phone(02) 4921 5046
PositionsSenior Lecturer
Newcastle Business School
Faculty of Business and Law
The University of Newcastle, Australia
DBA Supervisor
Newcastle Business School
Faculty of Business and Law
The University of Newcastle, Australia
Casual Academic
Newcastle Business School
Faculty of Business and Law
The University of Newcastle, Australia
Casual Academic
Newcastle Business School
Faculty of Business and Law
The University of Newcastle, Australia
Focus AreaAccounting and Finance
Social Science,
University Drive
Callaghan NSW 2308