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Dr Adrian Melia

Senior Lecturer

Newcastle Business School (Accounting and Finance)

Career Summary

Biography

Dr Adrian Melia is a Chartered Accountant and Senior Lecturer in Accounting and Finance in the Faculty of Business and Law at the University of Newcastle. Adrian has over 15 years’ experience combined as a practitioner and researcher. Prior to entering academia Adrian worked in the Finance industry as an Actuarial analyst as well as Management Consulting for clients in Financial Services and Government.

Adrian is an award winning researcher, with main research interests in corporate finance and asset pricing. He has published in leading national and international finance journals such as the European Journal of Finance, Pacific-Basin Finance Journal and the Australian Journal of Management. With a focus on ensuring his academic translates into practice his research has been recognised by the superannuation industry and collaborates and consults with both investment and insurance firms. 

Adrian has demonstrated leadership within the Faculty as the EQUIS Academic project leader. He has also been externally recognised as a governance expert through invitations to sit on the governing council and course advisory boards of higher education institutions to which he provides independent advice. Adrian has taught and held various short-term visiting and teaching positions around the world including the UK, Italy, China, and Hong Kong.



Qualifications

  • Doctor of Philosophy, University of Newcastle
  • Bachelor of Commerce, Macquarie University
  • Master of Commerce, Macquarie University

Keywords

  • Accounting
  • Finance

Languages

  • English (Fluent)
  • Italian (Fluent)

Fields of Research

Code Description Percentage
350206 Insurance studies 100

Professional Experience

UON Appointment

Title Organisation / Department
Casual Academic University of Newcastle
Newcastle Business School
Australia
Senior Lecturer University of Newcastle
Newcastle Business School
Australia
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Publications

For publications that are currently unpublished or in-press, details are shown in italics.


Journal article (11 outputs)

Year Citation Altmetrics Link
2020 Liu S, Melia A, Song X, Tippett M, 'Singular diffusions, constant elasticity of variance processes and logarithmic rates of return', The European Journal of Finance, 26 837-853 (2020) [C1]
DOI 10.1080/1351847x.2019.1709526
2020 Melia A, Docherty P, Easton S, 'The impact of regulation on the seasoned equity offering decision', Australian Journal of Management, 45 94-113 (2020) [C1]
DOI 10.1177/0312896219833724
Citations Scopus - 1Web of Science - 1
Co-authors Steve Easton, Paul Docherty
2020 Higginson S, Milovanovic K, Gillespie J, Matthews A, Williams C, Wall L, et al., 'COVID-19: The need for an Australian economic pandemic response plan', Health Policy and Technology, 9 488-502 (2020) [C1]

Objectives: Pandemics pressure national governments to respond swiftly. Mitigation efforts created an imbalance between population health, capacity of the healthcare system and ec... [more]

Objectives: Pandemics pressure national governments to respond swiftly. Mitigation efforts created an imbalance between population health, capacity of the healthcare system and economic prosperity. Each pandemic arising from a new virus is unknown territory for policy makers, and there is considerable uncertainty of the appropriateness of responses and outcomes. Methods: A qualitative approach was used to review mixed sources of data including Australian reports, official government publications, and COVID-19 data to discern robust future responses. Publicly available epidemiological and economic data were utilised to provide insight into the impact of the pandemic on Australia's healthcare system and economy. Results: Policies implemented by the Australian Government to mitigate the spread of COVID-19 impacted the healthcare sector and economy. This paper incorporates lessons learned to inform optimal economic preparedness. The rationale for an economic response plan concomitant with the health pandemic plan is explored to guide Australian Government policy makers in ensuring holistic and robust solutions for future pandemics. Conclusions: In future, an Australian Economic Pandemic Response Plan will aid in health and economic system preparedness, whilst a strong Australian economy and strategic planning will ensure resilience to future pandemics.

DOI 10.1016/j.hlpt.2020.08.017
Citations Scopus - 3Web of Science - 4
Co-authors Christopher M Williams, Madeleine Hinwood, Francesco Paolucci, Laura Wall
2020 Berardi C, Antonini M, Genie MG, Cotugno G, Lanteri A, Melia A, Paolucci F, 'The COVID-19 pandemic in Italy: Policy and technology impact on health and non-health outcomes', Health Policy and Technology, 9 454-487 (2020) [C1]

Background: Italy was the first Western country to experience a major coronavirus outbreak and consequently faced large-scale health and socio-economic challenges. The Italian gov... [more]

Background: Italy was the first Western country to experience a major coronavirus outbreak and consequently faced large-scale health and socio-economic challenges. The Italian government enforced a wide set of homogeneous interventions nationally, despite the differing incidences of the virus throughout the country. Objective: The paper aims to analyse the policies implemented by the government and their impact on health and non-health outcomes considering both scaling-up and scaling-down interventions. Methods: To categorise the policy interventions, we rely on the comparative and conceptual framework developed by Moy et al. (2020). We investigate the impact of policies on the daily reported number of deaths, case fatality rate, confirmation rate, intensive care unit saturation, and financial and job market indicators across the three major geographical areas of Italy (North, Centre, and South). Qualitative and quantitative data are gathered from mixed sources: Italian national and regional institutions, National Health Research and international organisations. Our analysis contributes to the literature on the COVID-19 pandemic by comparing policy interventions and their outcomes. Results: Our findings suggest that the strictness and timing of containment and prevention measures played a prominent role in tackling the pandemic, both from a health and economic perspective. Technological interventions played a marginal role due to the inadequacy of protocols and the delay of their implementation. Conclusions: Future government interventions should be informed by evidence-based decision making to balance, the benefits arising from the timing and stringency of the interventions against the adverse social and economic cost, both in the short and long term.

DOI 10.1016/j.hlpt.2020.08.019
Citations Scopus - 14Web of Science - 13
Co-authors Francesco Paolucci
2019 Melia A, Song X, Tippett M, 'Subtle is the Lord, but malicious He is not: the calculation of abnormal stock returns in applied research', The European Journal of Finance, 25 835-855 (2019) [C1]
DOI 10.1080/1351847x.2018.1537981
2018 Melia A, Chan H, Docherty P, Easton S, 'Explanations of cycles in seasoned equity offerings: An examination of the choice between rights issues and private placements', Pacific Basin Finance Journal, 50 16-25 (2018) [C1]
DOI 10.1016/j.pacfin.2018.02.006
Citations Scopus - 2Web of Science - 1
Co-authors Paul Docherty, Steve Easton
2016 Melia A, Docherty P, Easton S, 'Net share issues and the cross-section of equity returns under a dividend imputation tax system', Accounting & Finance, 56 1097-1117 (2016) [C1]
DOI 10.1111/acfi.12122
Citations Scopus - 5Web of Science - 5
Co-authors Steve Easton, Paul Docherty
2015 Hartnett N, Melia AV, 'Financial Planning and Modelling an Individual's Attitude to Financial Risk: Is everybody on the same page?', JASSA, 2015 19-25 (2015) [C1]
2015 Seamer M, Melia A, 'Remunerating non-executive directors with stock options: who is ignoring the regulator?', Accounting Research Journal, 28 251-267 (2015) [C1]
DOI 10.1108/ARJ-12-2013-0092
Citations Scopus - 3
Co-authors Michael Seamer
2015 Docherty P, Melia A, 'The race that stops the equity market', Applied Economics Letters, 22 1179-1183 (2015) [C1]

The Melbourne Cup is a major horse racing event that is colloquially known as the ¿race that stops the nation¿ in Australia. We use constituent stock intraday volume data on the A... [more]

The Melbourne Cup is a major horse racing event that is colloquially known as the ¿race that stops the nation¿ in Australia. We use constituent stock intraday volume data on the Australian Securities Exchange S&P/ASX 200 equity index from 2003 to 2013 within a regression framework to examine whether this major horse race reduces investor attention. Results show that trading volume on the Australian equity market is significantly reduced during and immediately surrounding the running of the Melbourne Cup, supporting the claim that this is the ¿race that stops the equity market¿.

DOI 10.1080/13504851.2015.1023935
Co-authors Paul Docherty
2015 Melia A, Stocken D, 'Evidence of the banks' role in filling gaps in the exchange-traded derivatives market', JASSA, 2015 20-23 (2015) [C1]
Show 8 more journal articles

Conference (6 outputs)

Year Citation Altmetrics Link
2017 Melia A, Chan H, Docherty P, Easton S, 'An examination of competing explanations of cycles in seasoned equity offerings', Melbourne (2017)
Co-authors Steve Easton
2016 Melia A, Chan H, Docherty P, Easton S, 'Private placements and rights issue cycles', Melbourne (2016)
Co-authors Steve Easton
2015 Choi B, Melia A, Psaros J, 'Earnings Management, Voluntary Disclosures and the Introduction of An Australian Carbon Trading Scheme', Glasgow (2015) [E3]
Co-authors Bobae Choi, Jim Psaros
2014 Melia A, Docherty P, Easton S, 'New share issues and the cross-section of equity returns under a dividend imputation tax system', Brisbane (2014)
Co-authors Steve Easton
2013 Melia A, Seamer M, 'Remunerating non-executive directors with stock options is Australian board independence being bought?', Perth (2013)
Co-authors Michael Seamer
2012 Melia AV, Krishnan S, Melia VL, 'Designing experiential learning for success', Proceedings. RMIT Accounting Educator's Conference, Melbourne, Vic (2012) [E1]
Show 3 more conferences

Other (2 outputs)

Year Citation Altmetrics Link
2020 Paolucci F, Melia A, Lee D, Mahmoudi N, 'Is aggressive hotel isolation worth the cost to fight COVID-19? The answer depends on family size', (2020) [O1]
Co-authors Francesco Paolucci, Doowon Lee
2019 Paolucci F, Melia A, Henriquez J, 'Private health insurance premiums should be based on age and health status', (2019) [O1]
Co-authors Francesco Paolucci
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Grants and Funding

Summary

Number of grants 4
Total funding $39,182

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


20193 grants / $34,182

nib Hospital Rate Inflation Project$18,182

Funding body: nib Health Funds Limited

Funding body nib Health Funds Limited
Project Team Professor Francesco Paolucci, Doctor Adrian Melia, Doctor Heidi Wechtler
Scheme Matched Industry Grant
Role Investigator
Funding Start 2019
Funding Finish 2019
GNo G1901012
Type Of Funding C3100 – Aust For Profit
Category 3100
UON Y

Economic Development, Health and Nutrition for Sustainable Development $10,000

Funding body: Australia Africa Universities Network (AAUN)

Funding body Australia Africa Universities Network (AAUN)
Project Team Doctor Janet Dzator, Professor Francesco Paolucci, Doctor Adrian Melia, Doctor Heidi Wechtler, Prof. Yawe Bruno , Dr Allen Kabagenyi, Prof. Okurut Nathan, Prof Njoku Ama, James Gillespire, Dr Ekow Asmah, Dr Francis Andoh, Dr Michael Dzator
Scheme Partnership & Research Development Fund (PRDF)
Role Investigator
Funding Start 2019
Funding Finish 2020
GNo G1900649
Type Of Funding C3100 – Aust For Profit
Category 3100
UON Y

Firm-specific versus aggregate market investor sentiment: What matters most for corporate announcement returns$6,000

Funding body: Accounting & Finance Association of Australia and New Zealand Ltd

Funding body Accounting & Finance Association of Australia and New Zealand Ltd
Project Team Doctor Adrian Melia, Doctor Paul Docherty
Scheme Research Grant
Role Lead
Funding Start 2019
Funding Finish 2019
GNo G1901063
Type Of Funding C1700 - Aust Competitive - Other
Category 1700
UON Y

20111 grants / $5,000

Investigation of the use of experiential learning in higher education: An alternative approach to teaching in accounting$5,000

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Doctor Adrian Melia, Doctor Siva Krishnan
Scheme New Staff Grant
Role Lead
Funding Start 2011
Funding Finish 2011
GNo G1101151
Type Of Funding Internal
Category INTE
UON Y
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Research Supervision

Number of supervisions

Completed1
Current3

Current Supervision

Commenced Level of Study Research Title Program Supervisor Type
2021 PhD Australian Health System - Risk Adjustment in Private Health Insurance PhD (Economics), College of Human and Social Futures, The University of Newcastle Co-Supervisor
2020 PhD Price Competition and Optimal Risk-Adjustment in Health Insurance Markets PhD (Economics), College of Human and Social Futures, The University of Newcastle Principal Supervisor
2020 PhD To What Extent are Hybrid Healthcare Systems Converging? Economic Analysis of the Implications of Hybridity on Health, Well-being and Performance PhD (Economics), College of Human and Social Futures, The University of Newcastle Co-Supervisor

Past Supervision

Year Level of Study Research Title Program Supervisor Type
2020 PhD Mining Social Media as a Measure of Equity Market Sentiment PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle Principal Supervisor
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News

For this year’s Melbourne Cup, consider a charity rather than taking on Tom Waterhouse

October 29, 2014

Newcastle Business School academics crunch the numbers on the Melbourne Cup

Dr Adrian Melia

Positions

Senior Lecturer
Newcastle Business School
College of Human and Social Futures

Casual Academic
Newcastle Business School
College of Human and Social Futures

Casual Academic
Newcastle Business School
College of Human and Social Futures

Casual Academic
Newcastle Business School
College of Human and Social Futures

Casual Academic
Newcastle Business School
College of Human and Social Futures

Focus area

Accounting and Finance

Contact Details

Email adrian.melia@newcastle.edu.au
Phone (02) 4921 7736

Office

Room X-635
Building NeW Space
Location City Campus

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