Newcastle University Business School

Finance, Accounting, Control & Evaluation

Finance, Accounting, Control and Evaluation

Research

Our work in finance focuses primarily on empirical studies of accounting, international markets and financial decisions. One particular area of interest is how behavioural factors play a crucial role in much of this work.

Our reserach group serves several functions, these being:

  • to provide a forum for internal staff presentations of current work and survey/review presentations on important topics for both staff and PhD students
  • to provide a forum for invited guest speakers; both established academics and emerging researchers
  • to attract high quality PhD candidates to conduct research work
  • to provide a space for PhD students to present and discuss their work

Our research work has been supported by grants from a wide range of sources, including:

  • Nuffield Foundation
  • Chinese Natural Science Research Council
  • China's Ministry of Education
  • Chartered Institute of Management Accountants
  • The Institute of Chartered Accountants of Scotland

We aim to contribute to policy forums. These include HEFCE's 2014 'Independent Review of the Role of Metrics in Research Assessment: Call for Evidence' and the subsequent HEFCE sponsored conference 'In metrics we trust? Prospects & pitfalls of new research metrics' at Sussex University (Hussain).

Themes

Corporate financing and structuring

Work on corporate financing and structuring is also of key importance. Topics of particular interest include:

  • the impact of large public sales of government assets on Chinese stock markets (Dr Yan Zeng)
  • share price reaction to cross-border Merger & Acquisitions in the US and UK (Dr Chen Su)
  • the valuation of initial public offering (IPOs) both in China and the UK (Professor Simon HussainDr Chen Su)

Accounting data and financial evaluation

The interplay of accounting data and financial evaluation is a significant dimension to the working of capital markets and the valuation of securities by investors. Important intermediaries in this process are financial analysts.

Current work is focusing upon several important areas:

  • the ability of segmental disclosures to enhance investor understanding of future corporate performance (Professor Simon HussainDr Chen Su)
  • the determinants of forward-looking risk disclosures within the UK corporate setting (Professor Simon HussainDr Chen Su)
  • the quality of reported earnings numbers by UK firms and whether companies 'manage' earnings to hit specific targets (Professor Simon Hussain)
  • empirical investigations into the relationship between audit committees, corporate environmental disclosure, and environmental reputation (Dr Habiba Al-Shaer)
  • social/environmental accounting and determinants and consequences of voluntary corporate disclosures (Dr Aly Salama)
  • determinants and consequences of CEO and employee compensation (Dr Aly Salama)
  • accounting quality and tax incentives (Dr Zhijuan Wu)

Prior research in this area has examined the role of segmental accounting disclosures in improving analysts’ forecasts, and the factors determining the levels of analyst-following for listed UK firms.

Evaluation of company performance

We conduct research into the use of accounting and finance data in the evaluation of company performance. This is evidenced by our research into the experiences of firms using Economic Value Added as a performance measure, from a management accounting and financial control perspective.

Much of this work has benefitted from special access to major New Zealand based companies.

Developing the theme of management accounting and financial control; international perspectives are reflected in the following research topics undertaken by the group:

  • the development and implementation of management accounting innovation in practice (Dr Josie McLaren)
  • a longitudinal study of the use of activity-based techniques in the UK organisations (Dr Lana Liu)
  • a comparative study of the development of management accounting practice in the UK and China (Dr Lana Liu)
  • performance management techniques in Thailand and Vietnam (Dr Lana LiuDr Josie McLaren)

Historical perspectives

Work on the historical perspective of how accounting data has been used for decision making and control, and the influence of colonialism/imperialism is an area of special interest. This is reflected in the Business Accounting and Management History reserach group (Dr Shanta Davie).

Other areas of research

Further areas of special interest, which perhaps fall outside the mainstream research areas, include the use of journal ratings for performance evaluation within higher education institutions (Professor Simon Hussain).

Doctoral research

The development of our PhD students is a major focus. Examples of our doctoral research work include:

  • the impact of IFRS8 on segmental reporting by UK firms and the consequences for investors (Ibrahhim Ali Saleh Al-Aamri)
  • the valuation of initial public offering in China and the importance of VC reputation (Jing Ma)
  • the quality of reported earnings number by UK firms and whether companies 'manage' earnings to hit specific targets (Junxia Zheng)
  • a longitudinal study of changes in management accounting practices in Thailand (nuatip Sumkaew)
  • a study of changes in management accounting practices in Vietnam (Thi Kim Oanh Nguyan)

 

Seminars

Past seminars

Prof Martin Walker (Manchester University), "Corporate dividend payout and earnings management: Evidence from Chinese regulatory changes" (8 July 2014).

Dr Hanxiong Zhang (Newcastle University, former PhD student), "Understanding the causal relationship between changes in house prices and bubbles: Evidence from the UK regional panel data" (13 March 2014).

Professor Dimrtis Permezas (University of Surrey), "Do risk-taking incentives induce CEOs to invest? Evidence from acquisitions" (6 March 2014).

Professor Charlie Cai (Leeds University), "Friendly watchdogs and capital market impacts" (12 February 2014).

FACE PhD internal seminar: Nuatip SumKaew, "A longitudinal study of changes in management accounting practices in Thailand" (6 November 2013).

Prof Falconer Mitchell (Edinburgh University), "Who determines management accounting?" (29 October 2013).

Our inaugural presentation was a paper written by Prof Christoph Kuhner and Dr Christoph Pelger from University of Cologne, “On the relationship of stewardship and valuation – an analytical viewpoint” (September 2013). 

 

Group Members

Head of group

Head of group

Dr Chen Su
Senior Lecturer

Email:
Telephone: +44 (0) 191 208 1656

Primary group members

Primary group members

Dr Shanta Davie
Senior Lecturer in Accounting & Finance

Email:
Telephone: +44 (0) 191 208 1645

Professor Simon Hussain
Professor of Accounting

Email:
Telephone: +44 (0) 191 208 1575

Dr Rama Kanungo
Lecturer in Accounting and Finance, Degree Programme Director of MSc Banking & Finance Programme, Senior Tutor

Email:
Telephone: +44(0)203 752 2455

Dr Jose Liu
Lecturer in Accounting and Finance

Email:
Telephone: +44(0)191 208 1673

Dr Lana Liu
Lecturer in Accounting and Finance; Joint Head of International Undergraduate Recruitment

Email:
Telephone: +44 (0) 191 208 1703

Dr Aly Salama
Senior Lecturer in Accounting and Chair of Accounting and Finance Exam Board

Email:
Telephone: +44 (0) 191 208 1662

Dr Zhijuan Wu
Lecturer in Accounting and Finance

Email:
Telephone: +44 (0) 191 208 1748

Secondary group members

Secondary group members

Dr Habiba Al-Shaer
Lecturer in Accounting

Email:
Telephone: +44 (0) 191 208 1553

Professor Darren Duxbury
Chair in Finance

Email:
Telephone: +44 (0)191 208 1517

Dr Marwa Elnahas
Lecturer in Accounting and Finance

Email:
Telephone: 0191 208 1691

Dr Bartosz Gebka
DPD for MSc Finance

Email:
Telephone: +44 (0) 191 208 1578

Andrew Holden
Senior Lecturer in Accounting & Finance

Email:
Telephone: +44 (0) 191 208 1652

Dr Markus Jochmann
Lecturer in Economics, DPD MSc Quantitative Finance & Risk Management

Email:
Telephone: +44 (0) 191 208 1663

Dr Sara Maioli
Lecturer in Economics, Director of Postgraduate Studies

Email:
Telephone: +44 (0) 191 208 1665

Professor David McCollum-Oldroyd
Professor of Accounting


Telephone: +44 (0) 191 208 1707

Dr Josie McLaren
Senior Lecturer in Accounting & Finance; Subject Group Head Accounting and Finance

Email:
Telephone: +44 (0) 191 208 1549

Professor Robert Sollis
Professor of Financial Economics

Email:
Telephone: +44 (0) 191 208 1639

Dr Zhijuan Wu
Lecturer in Accounting and Finance

Email:
Telephone: +44 (0) 191 208 1748

Dr Doris Xin
Teaching Fellow in Accounting & Finance

Email:
Telephone: +44(0) 191 208 1660

Dr Yan Zeng
Lecturer in Accounting and Finance

Email:
Telephone: 01912081592