Edith Cowan University
Dr Marilyn Clark-Murphy - Lecturer
My research interests focus on behavioural finance - the impact of people's behaviour, the fact that we are what and who we are, on the financial decisions we make. I am particularly interested in how individuals make decisions about buying shares and other financial assets and how they make decisions about retirement savings and superannuation.
My PhD thesis was titled "The Attributes of Shares: What do Investors Value and What Do Their Advisors Believe They Will Value?". This research used adaptive conjoint analysis, a research methodology from consumer behaviour, to explore the factors that are important to individual investors when they make decisions about buying shares.
With the support of several large superannuation funds and of ECU, my colleagues Paul Gerrans, Deborah Gardner and Craig Speelman (from the School of Psychology) and I are undertaking a long-term study into how Australian workers make decisions about superannuation.
Recent Publications & Conference Papers
Clark-Murphy, M., & Soutar, G. N. (2005). Individual investors' preferences: A segmentation analysis. Journal of Behavioral Finance, Forthcoming.
Clark-Murphy, M., & Soutar, G. N. (2004). What individual investors value: Some Australian evidence. Journal of Economic Psychology, 25, 539-555
Clark-Murphy, M., & Gerrans, P. (2004). Informing or Advising? A Challenge to Consumer Decision Making, an Opportunity for Not-For-Profit Superannuation Funds and Policy Makers. In G. Sullivan Mort (Ed.), Nonprofit Marketing: Perspective and Advances (pp. 31-37). ANU, Canberra: Australian National University.
Gerrans, P., & Clark-Murphy, M. (2004). Gender differences in retirement savings decisions. Journal of Pension Economics & Finance, 3(2), 145-164.
Gerrans, P., Kristofferson, I., & Clark-Murphy, M. (2004). The Behaviour of Socially Responsible Investments as Financial Assets. Australian Accounting Review, 14(3), 10-20.
Clark-Murphy, M., & Boffey, R. (2004, 9-10 February). Extending the classroom: The use of a study tour and student journal writing in an international economics and finance course. Paper presented at the Teaching and Learning Forum 2004: Seeking Educational Excellence, Murdoch University, Perth.
Clark-Murphy, M., & Gerrans, P. (2004). Apparently contradictory choices by younger fund members. Economic Papers, 23(2) 101-113.
Gerrans, P., & Clark-Murphy, M. (2004). Gender differences in retirement savings decisions. Journal of Pension Economics & Finance, Forthcoming.
Clark-Murphy, M., & Gerrans, P. (2003, July 7-8). Apparently contradictory choices by younger fund members. Paper presented at the 11th Annual Colloquium of Superannuation Researchers, University of New South Wales.
Clark-Murphy, M., & Soutar, G. N. (2003, 11-14 June). Investment preferences of individuals: Indentifying characteristic groups. Paper presented at the World Marketing Congress, Perth.
Gerrans, P., & Clark-Murphy, M. (2003, 24-25 November). Website development by Australian superannuation funds - An industry in transition. Paper presented at the 4th Australian Working with e-Business Conference, Perth.
Gerrans, P., & Clark-Murphy, M. (2004). Gender differences in retirement savings decisions. Journal of Pension Economics & Finance, Forthcoming.
Clark-Murphy, M., & Gerrans, P. (2002). Matters of choice. Superfunds (February), 48-50.
Clark-Murphy, M., & Gerrans, P. (2002). Women's 'problems' with investment - a result of gender differences in information processing? Paper presented at the Eleventh International Women in Leadership Conference, Perth, Western Australia, November 28-29..
Clark-Murphy, M., Kristofferson, I., & Gerrans, P. (2002). What makes superannuation decision difficult? Paper presented at the 11th Annual Colloquium of Superannuation Researchers, University of New South Wales, July 8-9.
Clark-Murphy, M., Kristofferson, I., & Gerrans, P. (Forthcoming). What makes superannuation decision difficult? International Journal of Business Studies.
Clark-Murphy, M., & Gerrans, P. (2001). Choices And Retirement Savings: Some Preliminary Results on Superannuation Fund Member Decisions. Economic Papers, 20(3), 29-42.
Clark-Murphy, M., & Gerrans, P. (2001). Consultation and resources usage in retirement savings decisions: Australian evidence of systematic gender differences. Financial Services Review, 10, 273-290.
Gerrans, P., & Clark-Murphy, M. (2001, 23-26 September). The difference between boys and girls: Superannuation investment choices. Paper presented at the 30th Annual Conference of Economists, University of Western Australia, Perth.
Gerrans, P., & Clark-Murphy, M. (2001, November 29-30). How super is online Super? Paper presented at the 2nd International We-b Conference, Perth.
Gerrans, P., & Clark-Murphy, M. (2000). Gender differences in information resource usage in superannuation decisions. Annual Meeting of the Academy of Financial Services, (pp. October 25). Seattle.
Gerrans, P., & Clark-Murphy, M. (2000). Making superannuation investment choices: Some preliminary results on member decisions. PACAP, (pp. 6-8 July 2000). Melbourne.
Henley, N., & Clark-Murphy, M. (2000). Surviving the death-care industry in troubled times: Marketing research issues identified by practitioners. Academy of Marketing 2000 Conference, (pp. July). University of Derby, UK.
Clark-Murphy, M. (1998). The Changing Role of the Financial Advisor. 11th Annual Australasian Finance and Banking Conference, Sydney,
Clark-Murphy, M. (1999). "Beryl Beaurepaire" by Michael McKernan: A Book Review. International Review of Women and Leadership, 5(2), 60-61.
Clark-Murphy, M. (1999). How and why do individuals choose investment? Western Exposure: Official bulletin of the Perth City Chapter of the Financial Planning Association of Australia Limited, 1 September.
Clark-Murphy, M., & Henley, N. (1999). Issues facing a unique industry. In (Ed.)^(Eds.), Australian Cemeteries and Crematoria Association Conference: Vol. , . Hobart, Tasmania: September.
Clark-Murphy, M. C. (1997). Evaluation Techniques of Financial Analysts: Evidence from Western Australia. Australian Institute of Banking and Finance, Melbourne, 350-362.
Clark-Murphy, M. C. (1997). The (Irrational) Human Condition. JASSA, (3 Spring), 20-23.
For any site queries, contact Sean Spalding (s.spalding@ecu.edu.au)
