Accounting and Finance
Accounting and finance are complementary disciplines that are fundamental to the operation of our corporate and government sectors.
Our objective is to produce quality research in accounting and finance that leads the development of knowledge in these disciplines, and informs our teaching.
Outlined below is information on: our researchers; examples of recent publications; and details of our research seminar program.
- ResearchersMeet our people
Paul Coram is a Professor and Head of School in the School of Accounting and Finance. His research focuses on the effect of auditing and financial accounting information on decision-making through behavioural research methods.
Grant Richardson is Chaired Professor of Accounting in the Discipline of Accounting and Information Systems within the Business School at the University of Adelaide.
Janice Loftus is an Associate Professor at the School of Accounting and Finance at the University of Adelaide.
Bryan Howieson is Associate Professor at the University of Adelaide. He has held prior positions at the Adelaide Graduate School of Business and the Universities of South Australia and Western Australia.
Dr Robyn Davidson joined the University of Adelaide business school in 2009 and teaches financial accounting and information systems. Previously Robyn worked and studied at Flinders University.
Indrit is lecturer-in-charge for Internet Commerce and teaches both the undergraduate and postgraduate versions of this course.
Max has a PhD from the University of Adelaide and is a Fellow of Chartered Accountants Australia & New Zealand. Max’s research focusses around auditors and the structure of the auditing profession.
Lisa joined the Business School of the University of Adelaide in April 2007. Prior to this, Lisa taught at the University of South Australia for 20 years.
Phil began his academic career at University of South Australia. In 2001 he transferred to the University of Adelaide, where he teaches Auditing and Public Sector and Nonprofit Accountability.
Tony came to academia from the private sector after many years experience in the management and administration of small businesses. Included in this were two years of employment in a public accounting practice.
Nicole joined the University of Adelaide Business School in 2008. Her research interests include the financial reporting, accountability and transparency of the NFP sector (e.g. independent schools and charities).
Giao teaches financial and management accounting at the University of Adelaide Business School. Her research areas include sustainability accounting, strategic management accounting, and environmental strategy.
Ralf is a Professor of Finance at the University of Adelaide Business School. He was previously the Acting Dean, and before that Deputy Head as well as Associate Dean within the Faculty of the Professions as community/external liaison, and has served on various committees both inside the University and in the private sector.
Dr Alfred Yawson is the Professor in Corporate Finance at the University of Adelaide Business School. He joined the University of Adelaide in 2009 from the University of New South Wales (Sydney).
Jean has published extensively in both Australian and international journals. She also has presented several papers at international conferences and at research seminars at other universities.
Chee Cheong is a senior Finance lecturer at the University of Adelaide Business School. He teaches undergraduate and postgraduate Finance courses in Adelaide and Singapore (Ngee Ann-Adelaide Education Centre). Previously, he was a lecturer at Flinders University Business School (2004-2007).
Syed (Aku) Ali
Interests include: Behavioural Finance, Time Series Analysis, Financial Services.
Alex has a broad range of research interests, particularly in Investments, Investor Behavior, Market Efficiency, Market Microstructure, Financial Institutions, and Corporate Governance.
Paskalis's research interests include Time-varying betas, Volatilities, Expected returns in the context of empirical asset pricing models.
Graeme is the lecturer-in-charge of Corporate Accounting III, Corporate Accounting (M) and Equity Valuation and Analysis (M). He is the Convenor of the Assessment and Appeals Committee and also teaches for Master of Applied Finance in Singapore.
Dr Tariq Haque joined The University of Adelaide in February 2008. He completed his PhD in Finance from The University of Melbourne in 2007 where he was also a Senior Tutor in the Department of Finance. Tariq’s main research interests are in mutual funds, behavioural finance and asset pricing.
Jane joined University of Adelaide in 2013 as a lecturer in finance. Her research interests include Corporate Governance, Institutional Investors, Equity Issuance, Executive Compensation, Mergers and Acquisitions.
Gary is a Lecturer in the Business School with interests and research activities focused on derivatives trading and risk management strategies.
Chia-Feng (Jeffrey) Yu
Jeffrey completed his PhD in Monash University in 2013. His research interests include: Contract Theory, Information Economics, Corporate Finance, Capital Budgeting, Corporate Governance, Insider Trading, Ambiguity on Hedging and Risk Management, Financial Innovation and Counterparty Risks in Financial Contracts.
Professor Paul Brockman is a research fellow in the school of accounting and finance. Professor Brockman's research focuses primarily on corporate decision making.
- Daniel Orlovsky
- Emon Chen
- Elaine Chua
- Yanyan Kong
- Qiaoling He
- Sha Lu
- Wei Li
- Thi Mai Lan Nguyen
- Nicole Moschakis
- Anutchanat Jaroenjitrkam
- Trinh Nguyen
- Hoang Long Phan
- Yiqing Dai
- Yuxi Wei
- Gary Tan
- Mingwei Sun
- Wei Xu
- Jessica Moonhee Yi
- Hui Zhong Zhang
- Thuy Lien Nguyen
- Tri Hung Nguyen
- Areas of ResearchExamples of recent A and A* publications
George Shan, Indrit Troshani, Grant Richardson (2015). An empirical comparison of the effect of XBRL on audit fees in the US and Japan. Journal of Contemporary Accounting & Economics, 11(2): 89-103.
Grant Richardson, Roman Lanis, Grantley Taylor (2015). Financial distress, outside directors and corporate tax aggressiveness spanning the global financial crisis: An empirical analysis. Journal of Banking & Finance, 52: 112-129.
Roman Lanis, Grant Richardson (2015). Is Corporate Social Responsibility Performance Associated with Tax Avoidance? Journal of Business Ethics, 127(2): 439-457.
Grant Richardson, Grantley Taylor, Roman Lanis (2015). The impact of financial distress on corporate tax avoidance spanning the global financial crisis: Evidence from Australia. Economic Modelling, 44: 44-53.
Sian Owen, Alfred Yawson (2015). R&D intensity, cross-border strategic alliances, and valuation effects. Journal of International Financial Markets, Institutions and Money, 35: 1-17.
Chongwoo Choe, Donald Lien, Chia-Feng (Jeffrey) Yu (2015). Optimal managerial hedging and contracting with self-esteem concerns. International Review of Economics & Finance, 37: 354-367.
Grantley Taylor, Grant Richardson, Ross Taplin (2015). Determinants of tax haven utilization: evidence from Australian firms. Accounting and Finance, 55(2): 545–574.
Huasheng Gao, Juan Luo, Tilan Tang (2015). Effects of managerial labor market on executive compensation: Evidence from job-hopping. Journal of Accounting and Economics, 59: 203-220.
Andrey Golubov, Alfred Yawson, Huizhong Zhang (2015). Extraordinary acquirers. Journal of Financial Economics, 116(2): 314-330.
Grantley Taylor, Grant Richardson, Roman Lanis (2015). Multinationality, Tax Havens, Intangible Assets, and Transfer Pricing Aggressiveness: An Empirical Analysis. Journal of International Accounting Research, 14(1): 25-57.
George Mihaylov, Alfred Yawson, Ralf Zurbruegg (2015). The decision to seek advice in the self-directed retirement fund industry. Applied Economics, 47(32): 3367-3381.
Richard Gerlach, Ivan Obaydin, Ralf Zurbruegg (2015). The impact of leverage on the idiosyncratic risk and return relationship of REITs around the financial crisis. International Review of Economics & Finance, 38: 207-219.
Donald Lien, Chia-Feng (Jeffrey) Yu (2015). Production and Anticipatory Hedging under Time-Inconsistent Preferences. Journal of Futures Markets, 35: 961-985.
Glabadanidis P. 2014. The Market Timing Power of Moving Averages: Evidence from US REITs and REIT Indexes. International Review of Finance 14(2): 161-202.
Leung SCM, Richardson G, Jaggi B. 2014. Corporate board and board committee independence, firm performance, and family ownership concentration: an analysis based on Hong Kong firms. Journal of Contemporary Accounting and Economics 10: 16-31.
Richardson G, Lanis R, Leung SCM. 2014. Corporate tax aggressiveness, outside directors, and debt: an empirical analysis. Journal of Corporate Finance 25: 107-121.
Taylor G, Richardson G. 2014. Incentives for corporate tax planning and reporting: empirical evidence from Australia. Journal of Contemporary Accounting and Economics 10: 1-15.
Graves C, Shan YG. 2014. An Empirical Analysis of the Effect of Internationalization on the Performance of Unlisted Family and Non-family Firms in Australia. Family Business Review 27(2): 142-160.
Shan YG, Troshani I. 2014. Does XBRL Benefit Financial Statement Auditing? Journal of Computer Information Systems 54(4): 11-21.
Cakici N, Erol I, Tirtiroglu D. 2014. Tracking the Evolution of Idiosyncratic Risk and Cross-Sectional Expected Returns for US REITs. The Journal of Real Estate Finance and Economics 48(3): 415-440.
Rao Hill S, Troshani I, Burgan B. 2014. Broadband Adoption in Regional and Urban Households, Journal of Computer Information Systems 54(3): 57-66.
Troshani I, Parker LD, Lymer A. 2014. Institutionalising XBRL for financial reporting: resorting to regulation. Accounting and Business Research, DOI: 10.1080/00014788.2014.980772
Agbloyor EM, Abor JY, Adjasi CKD, Yawson A. 2014. Private capital flows and economic growth in Africa: The role of domestic financial markets. Journal of International Financial Markets, Institutions and Money 30: 137-152.
Lien D, Yu CF. 2014. Time-inconsistent investment, financial constraints, and cash flow hedging. International Review of Financial Analysis 35: 72-79.
Yu CF. 2014. CEO Overconfidence, CEO Compensation, and Earnings Manipulation. Journal of Management Accounting Research 26(2): 167-193.
Michayluk D, Zurbruegg R. 2014. Do lead articles signal higher quality in the digital age? Evidence from finance journals. Scientometrics 98(2): 961-973.
Le V, Zurbruegg R. 2014. Forecasting option smile dynamics. International Review of Financial Analysis 35: 32-45.
Mihaylov G, Zurbruegg R. 2014. The Socioeconomic Impact of Shared Appreciation Mortgages on Borrowers: Empirical Evidence from South Australia. Urban Studies 51(2): 371-389.
Lee SC, Lin CT, Yu MT. 2013. Book-to-Market Equity, Asset Correlations and the Basel Capital Requirement. Journal of Business Finance & Accounting 40: 991-1008.
Lanis R, Richardson G. 2013. Corporate social responsibility and tax aggressiveness: a test of legitimacy theory. Accounting, Auditing & Accountability Journal 26(1): 75-100.
Richardson G, Taylor G, Lanis R. 2013. Determinants of transfer pricing aggressiveness: empirical evidence from Australian firms. Journal of Contemporary Accounting & Economics 9: 136-150.
Richardson G, Lanis R, Taylor G. 2013. The impact of board of director oversight characteristics on corporate tax aggressiveness: an empirical analysis. Journal of Accounting and Public Policy 32(3): 68-88.
Saj P. 2013. The Imperatives for Organizational Governance in a Large Charity: A Strategic Choice Perspective. Public Policy and Management 33(6): 407-416.
Heiling J, Schührer S, Chan JL. 2013. New development: Towards a grand convergence? International proposals for aligning government budgets, accounts and finance statistics. Public Money & Management 33(4): 297-305.
Shan YG. 2013. Can Internal Governance Mechanisms Prevent Asset Appropriation? Examination of Type I Tunneling in China. Corporate Governance: An International Review 21(3): 225-241.
Sankaraguruswamy S, Shen JF, Yamada T. 2013. The relationship between the frequency of news release and the information asymmetry: The role of uninformed trading. Journal of Banking & Finance 37(11): 4134-4143.
Owen S, Yawson A. 2013. Information asymmetry and international strategic alliances. Journal of Banking & Finance 37(10): 3890-3903.
Chua YL, Cheong CS, Gould G. 2012. The Impact of Mandatory IFRS Adoption on Accounting Quality: Evidence from Australia. Journal of International Accounting Research 11(1): 119-146.
Lee SC, Lin CT. 2012. Book-to-market equity, operating risk, and asset correlations: Implications for Basel capital requirement. Journal of International Financial Markets, Institutions and Money 22(4): 973-989.
Kao MC, Lin CT, Xu L. 2012. Do financial reforms improve the performance of financial holding companies? The case of Taiwan. International Review of Finance 12: 491-509.
Taylor G, Richardson G, Tower G, Hancock P. 2012. The determinants of reserves disclosure in the extractive industries: evidence from Australian firms. Accounting and Finance 52: 373-402.
Richardson G, Lanis R. 2012. Corporate social responsibility and tax aggressiveness: an empirical analysis. Journal of Accounting and Public Policy 31(1): 86-108.
Taylor G, Richardson G. 2012. International corporate tax avoidance practices: evidence from Australian firms. International Journal of Accounting 47: 469-496.
Powell R, Yawson A. 2012. Internal Restructuring and Firm Survival. International Review of Finance 12: 435-467.
Larkin J, Brooksby A, Lin CT, Zurbruegg R. 2012. Implied volatility smiles, option mispricing and net buying pressure: evidence around the global financial crisis. Accounting & Finance 52: 47-69.
Bessell M, Round DK, Agarwal M, Lobmayr B. 2011. How Big Can the Big 4 (or 3) Get? A Study of Audit Firm Concentration in Australia. Competition & Consumer Law Journal 18(3): 245-266.
Lee SC, Lin CT, Chang PT. 2011. An Ohlson valuation framework for valuing corporate governance: The case of Taiwan. Pacific-Basin Finance Journal 19(4): 420-434.
Lee SC, Lin CT, Yang CK. 2011. The asymmetric behavior and procyclical impact of asset correlations. Journal of Banking and Finance 35: 2559-2568.
Lanis R, Richardson G. 2011. The effect of board of director composition on corporate tax aggressiveness. Journal of Accounting and Public Policy 30(1): 50-70.
Erol I, Tirtiroglu D. 2011. Concentrated Ownership, No Dividend Payout Requirement and Capital Structure of REITs: Evidence from Turkey. The Journal of Real Estate Finance and Economics 43(1-2): 174-204.
Chen Y, Clapp JM, Tirtiroglu D. 2011. Hedonic estimation of housing demand elasticity with a markup over marginal costs. Journal of Housing Economics 20(4): 233-248.
Troshani I, Rampersad G, Plewa C. 2011. Adopting Innovation Management Software in University Innovation Commercialization. Journal of Computer Information Systems 52(2): 83-92.
Jiang H, Yamada T. 2011. The impact of global institutional investors on local equity prices: Reversal of the size premium. Financial Analyst Journal 67(6): 61-76.
Abor J, Graham M, Yawson, A. 2011. Corporate Governance and Restructuring Activities Following Completed Bids. Corporate Governance: An International Review 19: 61-76.
Wilson P, White M, Dunse N, Cheong C, Zurbruegg R. 2011. Modelling price movements in housing micro-markets: Identifying the long-term and short-term components in local housing market dynamics. Urban Studies 48(9): 1853-1874.
- Research Seminar SeriesOpportunities for networking and discussion
The School boasts an active Research Seminar Series. Please check the current schedule for more information.
- Grants and ProjectsExternal grants in accounting and finance
In the last five years, the School has secured a number of external grants in accounting and finance disciplines.
- The Institute of Chartered Accountants Australia Research Grant – 2013-2014
- Mind the Gap: The Supply and Demand for Registered Company Auditors in Australia. Principal Investigators: Prof Grant Richardson, Dr Lisa Powell, Dr Max Bessell, Dr Malcolm Pattison.
- Scottish Accountancy Trust for Education and Research - Research Grant – 2013-2014
- The skill and competency requirements of auditors in todays complex global business environment. Principal Investigator: Bryan Howieson.
- Learning Development Grant, Faculty of Professions - 2013
- Integrating an Academic Literacy Framework (ALF) in an Undergraduate Accounting Program: Principal Investigators: Dr Lisa Powell and Dr Nishani Singh
- An examination of Australian regulated energy sector profitability and investment under various cost of equity models. Will Mackay, Bryan Howieson and Tariq Haque. AFAANZ/SIRCA Research Grants
- Harnessing Chinese social media and accelerating Australian wine exports. Sally Rao Hill, Steve Goodman, George Tan and Indrit Troshani. Australian Grape and Wine Authority
- Australian Research Council Linkage Projects – 2012-2014
- Funding our Future: Perceptions of the Value of Financial Planning Advice. Principal Investigators: Dr Carolin Plewa, Prof Jill Sweeney, Prof Ralf Zurbrugg, Prof Dave Michayluk Industry partner: Financial Services Council.
- Australian Research Council Linkage Projects – 2009-2013
- Survival of Australia's Family Farms: Capital Raising and Credit Access. Principal Investigators: Prof Ralf Zurbrugg, Prof Randy Stringer, Dr Jean Canil. Partner: ANZ Bank.
- Homestart Finance Contract Research – 2010-2013
- Examination of the Impact of HomeStart loans on the South Australian Mortgage Market. Principal Investigators: Prof Ralf Zurbrugg, George Mihaylov.
- ARC-Discovery – 2010-2012
- Computational Intelligence Methods for Financial Applications, Prof Ralf Zurbrugg with Prof D Michalewicz
- Australian Research Council Linkage Projects – 2010-2013
- The Adequacy and Sustainability of Self-Managed Superannuation Funds: Governance, Performance, Asset Allocation, Fee Structure and Compliance. Principal Investigators: Prof Ralf Zurbrugg, Assoc Prof Alfred Yawson, John Tretola. Partner: Self-Managed Super Fund Professionals' Association of Australia Ltd.
- Facilities and ResourcesAccess to top-class research facilities and resources
The School keeps current subscriptions to a comprehensive list of financial databases:
- COMPUSTAT NORTH AMERICA
- COMPUSTAT GLOBAL
- CRSP/COMPUSTAT MERGED
- RISK METRICS
- THOMSON ONE
- MORNING STAR
SAS (Statistical Analysis System) and STATA are available for School researchers to manage data and conduct statistical analysis.