Putniņš Tālis J.

Position : Assistant Professor. BSc. Courses: Financial Economics; EMBA course: Financial Economics
Unit: Economics Faculty
E-mail talis.putnins@sseriga.edu

Contact information:

Office phone: +371 6701 5841
Room: Level 2, A2

Short professional bio:

Tālis Putniņš is affiliated with the Stockholm School of Economics in Riga, the Baltic International Centre for Economic Policy Studies, and the University of Technology Sydney.  He has been a Visiting Scholar at Columbia University and New York University.  His main research interests include financial markets, market microstructure, market manipulation, insider trading, and shadow economies.  His research has been published in leading international peer-reviewed journals including the Journal of Financial Economics, Management Science, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, Review of Finance, and Experimental Economics.  Tālis is an Associate Editor of the Baltic Journal of Economics.  Tālis has done consulting and policy work for governments, stock exchanges, and financial institutions and served as an expert witness in legal cases in Europe and Australia.  Talis has a PhD in financial economics from the University of Sydney.

Education:

Ph.D., University of Sydney

Bachelor of Engineering (IT & T) with First Class Honours, University of Adelaide

Bachelor of Finance, University of Adelaide

Your research interests

Financial market microstructure, including market manipulation, insider trading, liquidity, price discovery, short selling, dark trading, high-frequency trading

Shadow economies

Selected publications:

Refereed journal articles

Foley, S., and T.J. Putniņš, (2016), “Should we be afraid of the dark?  Dark trading and market quality”, Journal of Financial Economics (forthcoming).

Anthonisz, S., and T.J. Putniņš, (2016), “Asset pricing with downside liquidity risks”, Management Science (forthcoming).

Comerton-Forde, C., C.M. Jones, and T.J. Putniņš, (2016), “Shorting at close range: A tale of two types”, Journal of Financial Economics (forthcoming).

Mauptfleisch, M., T.J. Putniņš, and B. Lucey, (2016), “Who sets the price of gold? London or New York”, Journal of Futures Markets (forthcoming).

Comerton-Forde, C., and T.J. Putniņš, (2015), “Dark trading and price discovery”, Journal of Financial Economics, Vol. 118, No. 1, pp. 70-92.

Putniņš, T.J., and A. Sauka, (2015), “Measuring the shadow economy using company managers”, Journal of Comparative Economics, Vol. 43, No. 2, pp. 471-490.

Putniņš, T.J., (2015), “Economics of state-owned enterprises”, International Journal of Public Administration, Vol. 38, No. 11, pp. 815-832.

Comerton-Forde, C., and T.J. Putniņš, (2014), “Stock price manipulation: Prevalence and determinants”, Review of Finance, Vol. 18, No. 1, pp. 23-66.

Putniņš, T.J., (2013), “Exporting by Latvian companies: Vitality, drivers of success, and challenges”, Baltic Journal of Economics, Vol. 13, No. 2, pp. 3-33.

Putniņš, T.J., (2013), “What do price discovery metrics really measure?”, Journal of Empirical Finance, Vol. 23, No. 1, pp. 68-83.

Ebrahimpour, M., T.J. Putniņš, M. Berryman, A. Allison, B. Ng, and D. Abbott, (2013), “Automated authorship attribution using advanced signal classification techniques”, PLOS ONE, Vol. 8, No. 2, pp. 1-12.

Putniņš, T.J., (2012), “Market manipulation: A survey”, Journal of Economic Surveys, Vol. 26, No. 5, pp. 952-967.

Čekauskas, K., R. Gerasimovs, V. Liatukas, and T.J. Putniņš, (2012), “The effects of market makers and stock analysts in emerging markets”, International Review of Finance, Vol. 12, No. 3, pp. 305-327.

Comerton-Forde, C., T.J. Putniņš, and K.M. Tang, (2011), “Why do traders choose to trade anonymously?”, Journal of Financial and Quantitative Analysis, Vol. 46, No. 4, pp. 1025-1049.

Comerton-Forde, C., and T.J. Putniņš, (2011), “Measuring closing price manipulation”, Journal of Financial Intermediation, Vol. 20, No. 2, pp. 135-158.

Comerton-Forde, C., and T.J. Putniņš, (2011), “Pricing accuracy, liquidity and trader behavior with closing price manipulation”, Experimental Economics, Vol. 14, No. 1, pp. 110-131.

Putniņš, T.J., and A. Sauka, (2011), “Size and determinants of shadow economies in the Baltic States”, Baltic Journal of Economics, Vol. 11, No. 2, pp. 5-25.d

Putniņš, T.J., (2010), “Naked short sales and fails-to-deliver: An overview of clearing and settlement procedures for stock trades in the USA”, Journal of Securities Operations and Custody, Vol. 2, No. 4, pp. 340-350.

 

Book chapters

Putniņš, T.J., and A. Sauka, (2016), “The components and determinants of the shadow economy: Evidence from the Baltic countries”, in A. Sauka, F. Schneider, and C. Williams (eds.) Entrepreneurship and the shadow economy (Edward Elgar), (forthcoming).

Putniņš, T.J., and A. Sauka, (2014), “The size and determinants of shadow economies in the Baltic countries”, in A. Sauka and B. Rivza (eds.) Challenges to the economy and entrepreneurship in Latvia (SIA Zelta Rudens: Riga), pp. 25-46.

 

Industry publications and reports

Putniņš, T.J., and A. Sauka, (2016), “Shadow economy index for the Baltic countries, 2009-2015”, The Centre for Sustainable Business at SSE Riga

Foley, S., and T.J. Putniņš, (2014), “Regulatory efforts to reduce dark trading in Canada and Australia: How have they worked?”, CFA Institute Report (2014).

Putniņš, T.J., and A. Sauka, (2014), “Baltic shadow economies: Recent trends”, Baltic Rim Economies Review (4) 2014, 48.

Comerton-Forde, C., T.J. Putniņš, (2013), “Dark trading in Australia”, World Federation of Exchanges: Focus No. 240, pp. 3-4.

Institute for Market Economics, (2013), “Evaluation of policy measures to combat the informal economy”, (contributor and section author).

Putniņš, T.J., and A. Sauka, (2010- 2013) “Informal Economy Index for the Baltic Countries”, Study published by SSE Riga and European Council for Small Business and Entrepreneurshipin each of the years 2010 – 2013.

Putniņš, T.J., (2012), “Exports and productivity: A firm-level study of promoting and constraining factors” Nordea Bank Vitametrs Research Series.

Ministry of Economics of the Republic of Latvia, State Chancellery of Latvia and Latvian Privatisation Agency, (2012), “An assessment of the purpose, necessity and status of State involvement in enterprise”, (contributor and section author).

Putniņš, T.J., (2011), “Expert Report: Evaluation of the risk/return characteristics of equity linked notes”, DnB.

State Chancellery of Latvia, (2011), “Latvia Competitiveness Report”, (contributor).

BICEPS, TeliaSonera, SKDS, SSE Riga, (2010), “Global Entrepreneurship Monitor”, (contributor and section author).

Baltic Institute of Corporate Governanceand the Office of the Prime Minister of Latvia, (2010), “Annual Review: Latvian State-owned Assets”, (co-editor and advisor).

Involvement in projects:

Shadow economy index for the Baltic countries”, The Centre for Sustainable Business at SSE Riga

Membership in professional organisations

American Finance Association

Western Finance Association

European Finance Association

Financial Research Network

Grants and awards

 

Best Paper Award (Paul Woolley Centre Annual Conference, 2016)

Best Paper Award (Centre for Applied Financial Studies Annual Conference, 2016)

Philip Brown Prize for the Best Published Paper in 2015 (SIRCA, 2016)

Best Paper Award (28th Australasian Finance and Banking Conference, 2015)

Best Paper Award (CAFS 5th Behavioural Finance and Capital Markets Conference, 2015)

SIRCA Best Paper Award (Securities Industry Research Centre of Asia Pacific, 2015)

Best Paper Award (Paul Woolley Centre Annual Conference, 2014)

SIRCA Best Paper Award for Established Researcher (CAFS 4th Behavioural Finance and Capital Markets Conference, 2014)

CMCRC Best Paper Award (CAFS 4th Behavioural Finance and Capital Markets Conference, 2014)

Bank of Canada Prize for Best Paper on Canadian Capital Markets (Northern Finance Association Annual Meeting / Bank of Canada, 2013)

Best Paper Award (Centre for Applied Financial Studies Annual Conference, 2013)

Research Excellence Award (Securities Industry Research Centre of Asia Pacific, 2013)

Best Policy Paper Prize (Financial Integrity Research Network, 2012)

Best Paper Award (Financial Integrity Research Network, 2008)

Research Excellence Award (Securities Industry Research Centre of Asia Pacific, 2007)

 

Teaching awards

Dean’s Citation (University of Sydney, 2008, 2009)

 

Academic awards

The University Medal (University of Adelaide, 2006)

Dean's Merit List for Outstanding Academic Achievement (University of Adelaide, 2001, 2002, 2004, 2005)

The EA Russell Memorial Prize for Economic Theory III: Macroeconomics III (University of Adelaide, 2005)

Business SA Prize for Level II Economics (University of Adelaide, 2004)

The Bank SA Prize in Macroeconomics II (University of Adelaide, 2004)

The KPMG Prize in Business Finance II (University of Adelaide, 2003)

The Patrick Whelan Investments Prize for Level II Finance (University of Adelaide, 2003)

Professor Tew's Prize for Level 1 Economics (University of Adelaide, 2002)

The Economic Society Prize for Macroeconomics I and Microeconomics I (University of Adelaide, 2002)

 

Grants

Discovery Early Career Researcher Award (ARC DECRA), 2015–2018

Centre for International Finance and Regulation (CIFR) Research Grant, 2015

International Researcher Development Scholarship (UTS), 2013

Academic Fellowship for IMF-World Bank Spring Meetings (IMF), 2012

Chancellor’s Postdoctoral Research Fellowship and Project Funding (UTS), 2012–2015

Australian Postgraduate Award (Australian Government), 2006 - 2009

College of Humanities and Social Sciences APA Supplementary Award (University of Sydney), 2006–2009

ARC Linkage Project “Equity Market Integrity and Liquidity” Scholarship (ARC), 2006–2009

Grant for Research on Capital Market Dysfunctionality (PWC), 2009

Custom links to other websites:

Working papers on Social Science Research Network (SSRN): https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=855598

Putniņš Tālis J.