Newcastle University Business School

Staff Profile

Dr Josie McLaren

Senior Lecturer in Accounting & Finance; Subject Group Head Accounting and Finance

Background

Introduction

Josie McLaren is a Senior Lecturer in Accounting and Finance and Head of the Accounting and Finance subject group.. Prior to that she was Deputy Head of the Accounting and Finance subject group (2016-17). Her research interests lie at the interface of Accounting and Finance, and she is a member of the Accounting, Governance and Accountability (AGA) and the Behavioural Research in Finance (BRiF) research groups. On the accounting side, a particular interest is research into the experiences of companies and individuals and why they make the decisions that they make. She has conducted research in firms in the UK and New Zealand, including case studies on the management and reporting of farm animal welfare by food companies (UK) and the use of Economic Value Added (EVA) as a performance measure (New Zealand).  In 2012 she completed her PhD and in 2016 she published a paper in The British Accounting Review (BAR) based on her PhD work on EVA. For this paper Josie was awarded the British Accounting and Finance Association (BAFA) prize for the most outstanding accounting paper published in The British Accounting Review in 2016. The prize was presented at the BAFA conference held in Edinburgh in April 2017.  She has presented her papers on EVA at conferences in the UK and abroad.

Josie has also received funding from the Newcastle Institute of Social Renewal and support from Newcastle University Business School to undertake a project entitled 'The Business Benchmark on Farm Animal Welfare: Business, Regulatory and Reputation Risk?'. This project involves case study investigation of large scale supermarkets, restaurants and food producers that are subject to the Business Benchmark on Farm Animal Welfare (first published in February 2013). Initial findings were presented at a workshop sponsored by the journal Organization, held in Worcester in July 2014. This work is now being extended to a second phase, incorporating more companies and an international perspective.

Josie is also interested in the performance of state-owned and regulated enterprises in New Zealand, the UK and China.  Interest in New Zealand companies arises from her EVA work.  UK interests include mergers and acquisitions analysis and cost of capital determination, where she has worked on projects with staff from the Regulatory Policy Institute, Oxford. Her finance-focussed research is on China, particularly the trading behaviour of investors in times of structural or regulatory change. Her recent research has centred on the impact of the Split Share Structure Reform in 2005, including the market reaction to the reform process (Review of Quantitative Finance and Accounting, 2015) and currently, on investors' interpretations of signals regarding the timing of compensation payments and lock-up expiry (in preparation).   

Josie's teaching interests lie in the areas of finance and financial management - she is currently lecturing on the stage 2 and 3 undergraduate finance modules ACC2007 Corporate Finance and ACC3006 International Financial Management core modules on the UG Accounting and Finance programmes.  She has previously served as lecturer/module leader on several postgraduate modules including NBS8001 International Finance and Capital Markets, NBS8002 Techniques for Data Analysis, NBS8003 Financial Information Analysis, NBS8004 Dissertation, NBS8235 Financial Planning and Investment.  Previous undergraduate teaching includes Professional Skills for Accounting and Finance (stage 1), Quantitative Methods (stage 1), Financial Control (stage 2), Income Measurement (stage 2), Analysis and Interpretation of Company Accounts (stage 2), Financial Accounting (stage 3), Accounting, Organization and Society (stage 3), and Management Accounting (stage 3).

Prior to being senior lecturer, Josie was a Lecturer in Accounting and Finance. She was the Degree Programme Director for the N400 BA (Honours) Accounting and Finance programme from 2007-2016 and she was instrumental in the introduction of the N401 BA (Honours) Accounting and Finance with Business Placement and N403 BA (Honours) Accounting and Finance with Study Abroad programmes. Whilst DPD Josie was responsible for the accreditation of these programmes and liaising with accounting and finance institutes including ACCA, CIMA, ICAEW, CPA Australia, CIPFA, AIA and the CFA Society of the UK. She is the former Chair of the Board of Examiners for N400 programme and for the PG Diploma in Finance, Accounting and Business programme.  

Roles and Responsibilities

Head, Accounting and Finance subject group (November 2017-)

Deputy Head, Accounting and Finance subject group (2016-November 2017)

Accreditation for the N400/N401/N403 BA Hons Accounting and Finance (3 year degree and four year versions with Business Placement and Study Abroad) and for BSc Hons Accounting and Finance London programmes (2010-2017)

Degree Programme Director, N400/N401/N403 (Newcastle) and N402/N404/N405 (London) (2007-2016)

Chair, Board of Examiners (BA Hons Accounting and Finance and Graduate Diploma in Finance, Accounting and Business) (2011-2015)


Qualifications

B.A. (Honours) Accounting and Financial Analysis (Ncl) 1990; PhD (Ncl) 2012


Memberships

British Accounting Association

European Accounting Association 


Esteem Indicators

British Accounting and Finance Association (BAFA) prize for the most outstanding accounting paper published in The British Accounting Review in 2016


External Examining Positions 

University of Huddersfield (2008-2011) - Undergraduate programmes

University of Portsmouth (2009-2015) - Postgraduate programmes  

University of Huddersfield (2014) - PhD examiner

Research

Research Interests

My research interests include the experiences of firms using Economic Value Added (EVA) as a performance measure, integrating a finance and accounting perspective. So far the main focus has been on experienced users of EVA in New Zealand - where I have access to major EVA companies, including Telecom Corporation of New Zealand, New Zealand Post and Airways Corporation of New Zealand.  In 2012 I completed my PhD in this area and I have published my EVA work in The British Accounting Review, as well as presenting papers at conferences in the UK and abroad.

I am also interested in the performance of state-owned and regulated enterprises in New Zealand, the UK and China.  Interest in New Zealand companies arises from my EVA work.  UK interests include mergers and acquisitions analysis and cost of capital determination, where I have worked on projects with staff from the Regulatory Policy Institute, Oxford.  I have published a paper on the Chinese split-share circulation reform process in the Review of Quantitative Finance and Accounting.

Linked to my EVA work is a wider interest in voluntary reporting by companies for which I have received funding from the Newcastle Institute of Social Renewal and support from Newcastle University Business School to undertake a project to investigate the management and reporting of farm animal welfare by firms that are subject to the Business Benchmark on Farm Animal Welfare.

In 2016, two PhD students successfully submitted their theses and passed their vivas. Currently I am willing to consider applications in the finance and management accounting areas.

Current Work 

I am currently working on my project entitled 'The Business Benchmark on Farm Animal Welfare: Business, Regulatory and Reputation Risk?'.  This project involves case study investigation of large scale supermarkets, restaurants and food producers that are subject to the Business Benchmark on Farm Animal Welfare (first published in February 2013).  Initial findings were presented at a workshop sponsored by the journal Organization, held in Worcester in July 2014.  

Work on the Chinese Split Share Circulation Reform (published in the American journal Review of Quantitative Finance and Accounting (3* ABS ranking)) is being developed and extended to look at the performance of Chinese listed firms post the reform process.


Funding

Newcastle Institute for Social Renewal (£760) 

2 grants from CIMA (£11,000) looking at EVA in New Zealand companies

Faculty REF funding (£3000)

University Teaching Committee Fund: Transition of International Students (£7,500)

 

Teaching

Undergraduate Teaching

ACC3006 International Financial Management (Module Leader)

ACC1012 (Lecturer) 

Postgraduate Teaching

Dissertation marking


Past Teaching

ACC1009 Quantitative Business Methods

ACC2007 Corporate Finance (Module Leader)

ACC2003 Financial Control

ACC2005 Intermediate Financial Accounting (formerly Income Measurement - Module Leader)

ACC2060 Business Finance (Lecturer) 

ACC3001 Financial Accounting (Module Leader)

ACC3002 Management Accounting

ACC3016 Accounting, Organization and Society

ACC3017 Derivative Markets

NBS8001 International Finance and Capital Markets

NBS8002 Techniques for Data Analysis

NBS8003 Financial Information Analysis (Module Leader)

NBS8235 Financial Planning and Investment



Publications