Accounting and Finance

Accounting and business history

We research oil exploration, trade-marks and ‘soft’ trade protection, and the historical development of accounting practice and thought.

(Abdelrehim, Besen, Oldroyd, Higgins, Holden, Hussain)

Accounting standards and performance measures

We have expertise in the development of accounting standards, including IFRS and IFR; critical accounting and the politics of accounting standard setting; global minerals-extractive industries, the accuracy of financial analysts’ forecasts, corporate taxation, earnings management, and management accounting.

(Crawford, Elnahas, Hussain, L. Liu, McLaren, Melis, Morey, Soan, Tezeny, Wu)

Critical accounting research

Our expertise in this area includes a critical examination of how accounting can influence policies and practices relating to ethics and justice, focusing on issues such as accountability, culture, female and male gendering, race and ethnicity, stigma, tax transparency and the politics of accounting standard setting.

(Davie, Oldroyd, Trinh, Wu)

Corporate governance

Our expertise in this field includes executive compensation and its effects on corporate performance, ‘busy’ boards of directors, corporate governance in emerging and transitional economies, aspects of merger and acquisition activity, and corporate governance as applied to Islamic finance.

(Al-Shaer, Elnahass, Kanungo, Li, Liu, McLaren, Soan, Trinh, Wu, Xiang)

Environmental and social accounting

We research integrated sustainability reporting and ‘green’ finance, especially with respect to carbon markets, and general themes within corporate social responsibility.

(Crawford, McLaren)

Financial reporting

We examine the role of Economic Value Added as a performance measure, voluntary reporting, and the analysis of narrative reports on financial accounting and disclosure.

(Boumparis, Elnahass, Hussain, Li, L. Liu, McLaren, Nguyen, Papanikolaou, Al-Shaer, Trinh, Xiang)

Financial technology (Fintec)

We have particular expertise in cyber-security and ‘big data’ analytics.

(Elnahass, Tezeny)

Historical approaches

We examine the role of accounting and accounting policies in a range of historical and thematic settings, for example, land management in North East England during the industrial revolution, plantations in the Caribbean, accounting and imperialism, and the provision of health care.

(Davie, Holden, Oldroyd)

Asset pricing

We examine implications for asset pricing across a range of areas, including financial market predictability, market efficiency, market reforms, and financial contagion.

(Gebka, Liu, Nguyen, Sollis, Song, Stancu, Su)

Behavioural finance and experimental finance

Our research aims to provide a deeper understanding of why corporations and investors make the financial decisions they do, examining topics such as the disposition effect, escalation, house money effect, investor emotions, investor herding, investor sentiment, mental accounting, reference points.

(Ahmed, Duxbury, Gebka, Liu, Sewraj, Sollis, Xin)

Corporate finance

We have expertise in corporate finance in areas including M&As, IPOs, investment, strategic information disclosure, earnings management, corporate governance, corporate culture, national culture, leadership, reputational risk.

(Ahmed, Boumparis, Duxbury, Gebka, Hussain, Kanungo, Li, Liu, McLaren, Morey, Papanikolaou, Song, Su, Trinh, Wu, Xiang)

Financial agents

We examine the role of financial agents, including institutional investors, sell-side analyst recommendations, earnings forecasts.

(Hussain, Xiang)

Financial economics

Our expertise in financial economics covers monetary policy transmission, quantitative easing, interest rates and economic growth, macroeconomic activity.

(Boumparis, Gebka, Liu, Papanikolaou, Sollis, Stancu)

Financial econometrics

We employ state of the art quantitative techniques in the context of volatility modelling and forecasting, time series models, high-frequency data analysis.

(Gebka, Kanungo, Nguyen, Sewraj, Sollis, Stancu)

Financial management

Our expertise in financial management includes financial development, financial engineering, securitisation, financial derivatives, off-balance-sheet leverage, hedging, speculation, alternative finance, innovation, etc.

(Elnahass, Morey, Papanikolaou, Sollis, Stancu)

Financial innovations and institutions

We have expertise in financial innovations and institutions, including in the context of FinTech & cryptocurrencies, trust, institutional environment, risk management, regulation & supervision, market structure & competition, efficiency & productivity analysis, bank stability, bank stress tests, Islamic banking, etc.

(Elnahass, Kanungo, Liu, McLaren, Morey, Papanikolaou, Sollis, Tezeny, Trinh, Xiang)

Financial stability

In our research on financial stability, we examine asset price bubbles, credit ratings, financial crises, financial contagion, systemic risk, procyclicality, liquidity, compliance.

(Boumparis, Elnahass, Gebka, Nguyen, Papanikolaou, Sewraj, Sollis, Stancu, Trinh)

Household finance

Our research aims to provide a deeper understanding of why individuals and households make the financial decisions they do, examining topics such as attitudes to cash, credit/debt, pensions, saving, along with cultural dimensions and financial literacy, among others.

(Duxbury)

• Accounting and Business Research
• Accounting Forum
• Accounting, Auditing and Accountability Journal
• Annals of Tourism Research
• British Accounting Review
• British Journal of Industrial Relations
• British Journal of Management
• Business History
• Business History Review
• Business Strategy and the Environment
• Critical Perspectives on Accounting
• Economic History Review
• Economics Letters
• European Financial Management
• European Journal of Finance
• European Review of Economic History
• Financial Accountability and Management
• Financial Management
• Financial Markets, Institutions and Instruments
• Governance
• International Journal of Accounting
• International Journal of Finance and Economics
• International Review of Financial Analysis
• Journal of Applied Econometrics
• Journal of Banking and Finance
• Journal of Business Ethics
• Journal of Business Research
• Journal of Corporate Finance
• Journal of Economic Behavior and Organization
• Journal of Empirical Finance
• Journal of Financial and Quantitative Analysis
• Journal of Financial Econometrics
• Journal of Financial Markets
• Journal of Financial Services Research
• Journal of Financial Stability
• Journal of International Financial Markets, Institutions and Money
• Journal of International Money and Finance
• Journal of Money, Credit and Banking
• Journal of Time Series Analysis
• Management Science
• Quantitative Finance
• Review of Economics and Statistics
• Review of Quantitative Finance and Accounting
• Technological Forecasting and Social Change

Funder: HaSS Faculty Research Fund (companion project to ‘Accounting for Food Loss and Waste in the European Food Sector’ funded by the University of Portsmouth)

Start date: September 2022

End date: August 2023

Principal investigator: Josephine McLaren

Funder: ICAEW Charitable Trusts

Start date: October 2022

End date: September 2025

Principal investigator: Christopher Soan

Funder: Natural Environment Research Council (NERC)

Start date: February 2019

End date: February 2024

Co-investigators: Sue Chilton (Economics), Darren Duxbury (Accounting and Finance)

Funder: PWYP Norway

Start date: February 2021

End date: March 2022

Principal investigator: Louise Crawford

The Accounting and Finance research community hosted the 5^th Alternative Accounts Europe Conference on the 6 January at the Business School. It was well attended with delegates from France, Canada, Japan, Australia, Ireland and the UK attending in person and a number of colleagues from around the world attending online via the hybrid facilities.

Feedback from the British Accounting and Finance Association (BAFA) Interdisciplinary Perspectives Special Interest Group (conference owners) commented:

“May I take this opportunity, on behalf of the IPSIG Executive Committee, to thank you and all who helped organise and manage the conference. I congratulate you for designing and delivering such an engaging conference which collected and presented a wide range of studies and disciplines in which accounting plays a role. A huge thanks to all the paper reviewers, chairs and technical staff. Feedback from my colleagues and IPSIG members has been very positive and reflects such an excellent and superb conference!”

Dr Teng Li chaired the organising committee with exceptional drive, organisation skills and leadership. Other members of the organising committee: Prof. Josie McLaren, Prof. Louise Crawford, Dr Shanta Davie, Dr Erwei Xiang, Dr Lana Liu, Melis Besen and Dr Amanze Ejiogu (Co-Chair).

NERC funding was secured jointly by Dr Marwa Elnahass and Erwei Xiang (David) with a team from the School of Natural and Environmental Science (Philip McGowan, Louise Mair) to work together on an interdisciplinary project addressing challenges, debates and gaps surrounding sustainability finance and accounting and biodiversity in response to the two recent COPs: COP27 and COP15.

Newcastle University Business School (NUBS) hosted the 2022 Tri-university annual conference, 3-4 November 2022.

Dr Doris Xin and Dr Jose Liu co-organised this year’s Tri-university annual conference, with keynote speeches from Prof. Jason Xiao and Prof. Wenxuan Hou (Joint Editors of the British Accounting Review).

A large number of paper submissions were received from three universities and other institutions, for example, Swansea University, Shanghai International Studies University, etc., and from different research areas, for example, Accounting, Finance, Economics, Management, Marketing, Tourism, etc. A total of 36 papers were presented and discussed in the conference, with potential research collaborations also discussed.

The Tri-university annual conference is a joint initiative of Newcastle University Business School, Cardiff Business School, and the School of Management of Xiamen University since 2015. The conference was held in a hybrid style with a physical location at Newcastle University Business School and online streaming sessions for all international audiences. The objective of the conference is to provide a platform for research collaboration and strengthen interactions between the three participating institutions. In addition to presenting and discussing research papers and projects, we also explore further cooperation in teaching, learning, and administrative training in the future.

Project awarded: Accounting for Food Loss and Waste in the UK Food Sector - July 2022

The project is part of a joint collaboration between Professor Josie McLaren (Newcastle University) and Professor Lisa Jack and Dr Roza Sagitova  (University of Portsmouth). Professor McLaren is leading on the analysis of UK food companies and the Portsmouth team is leading on a companion project focussing on European food companies.

Food loss and waste (FLW) represents a significant global challenge, with recent estimates suggesting that almost 950 million tonnes of food is wasted each year. Reducing FLW is critical, not only due to the costs of the lost food and the lost opportunity to feed more people, but also due to lost resources and wider concerns about food security, greenhouse gas emissions, pollution and waste management. The current environment including inflation and the cost-of-living crisis, together with geopolitical crises creating issues over food security, mean that it is vital to address the issue of FLW. The challenge is recognised in UN SDG12.3, which provides a commitment to (by 2030) halve per capita global food waste at the retail and consumer levels and to reduce food losses along production and supply chains. SDG12.3 has prompted FLW reporting legislation, e.g. the EC Waste Framework Directive.

However, at this stage reporting is voluntary and remains difficult to assess the extent of FLW in the food industry, despite the significance of this sector. To date there is no comprehensive analysis of the current state of play in the UK  and connections between academic literature (e.g.accounting/economics/marketing/operations disciplines) and professional reports have not been made. The current project aims to address this gap via a comprehensive analysis of FLW disclosures in the UK food sector and a literature review of academic and professional evidence.

Professor Bartosz Gebka appointed Academic Editor of the scientific journal 'PLOS ONE' - July 2022

Professor Bartosz Gebka has been appointed an Academic Editor of the scientific journal PLOS ONE. The journal publishes multidisciplinary and  interdisciplinary research in various areas in science, engineering, medicine, and related social sciences and humanities. PLOS ONE editors evaluate submissions based on criteria of scientific validity, rigour in methods, and ethical standards.

Postgraduate research success as students pass PhDs - July 2022

Quyen Van

Supervisors: Darren Duxbury, Yousry Ahmed

Project title: Mergers and Acquisitions in Sin Industries

Date awarded PhD: July 2022

Rana Alharbi

Supervisors: Marwa Elnahas, Josie McLaren

Project title: Board diversity and Women Directors' Attributes: New Insights from Bank Risk, Stability and Stock Market Valuations with Evidence from Alternative Banking Models

Date awarded PhD: June 2022

Accomplishments for Dr Vu (Rainy) Trinh - June 2022

Associate Editor appointment

Congratulations to Dr Vu Trinh (Rainy) who was recently appointed as Associate Editor of the following journal: Vision: The Journal of Business Perspective.

Funded Consultancy Project, titled Responsible Business Conduct (RBC) and Sustainable Investment in ASEAN

As the principal investigator at Newcastle University, Dr Vu Trinh (Rainy) joined a research team (section lead) to produce the consultancy report on Responsible Business Conduct (RBC) and Sustainable Investment in ASEAN. This project (EUR 28,000) is funded by the Organisation for Economic Co-operation and Development (OECD) and conducted by the Association of Vietnamese Scientists and Experts (AVSE Global – located in France).

Professor Darren Duxbury invited to join expert panel at EIOPA 2022 conference - June 2022

EIOPA 2022 conference: From uncertainty to strength: Supervision for an economy in transformation

Professor Darren Duxbury joined an expert panel in a live discussion on “Protection gaps: Addressing behavioural change” at the EIPOA 2022 conference. Darren discussed how behavioural insights can be used to understand and help to address protection gaps in the insurance and pensions markets. He drew on his own work in behavioural finance, including reference to the UKRI GCRF Living Deltas Hub.

About EIOPA

EIOPA is at the heart of insurance and occupational pensions supervision in the EU. Our aim is to foster financial stability and confidence in the insurance and pensions markets.

EIOPA is an independent advisory body to the European Commission, the European Parliament and the Council of the European Union. We are one of the EU agencies carrying out specific legal, technical or scientific tasks and giving evidence-based advice. In this way, we help shape informed policies and laws at EU and national levels. EIOPA is one of three European Supervisory Authorities. The other two are the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA).

You view the live stream of Darren's panel on the EIOPA website. The panel discussion starts at 1:01:30 and Darren contributes at 1:06:00 and intermittently from 1:48:36.

NUBS Chair of Finance invited to present at Mint Directors Conference - May 2022

Professor Darren Duxbury was invited to present his work on intentions to use cash (a funded collaboration with NatWest) at the Mint Directors Conference in May and also joined a live Q&A panel.

The title of Darren's work is: Behavioural Drivers of Intentions to Use Cash: UK Survey Evidence

About the MDC

The Mint Directors Conference (MDC) is the peak body of government mints worldwide. It was founded in 1962 by the directors of 10 Western European mints: Austria, Belgium, Finland, France, Netherlands, Norway, Spain, Sweden, Switzerland and the United Kingdom.

Initially the MDC was an association of colleagues and friends who attended the meetings as Directors of Mints, not as representatives of their governments. Today the organisation represents the national mints of 41 countries and over 100 industry representatives.

The MDC promotes awareness of the mint industry’s role, contribution and significance. It also works collaboratively with Member Mints to promote the development and prolonged use of coinage within their nations to ensure maximised returns to their governments and their communities.

Dr Marwa Elnahass shortlisted for Engagement and Place Award - May 2022

Dr Marwa Elnahass was shortlisted for the Established Career Academic Award at the University's Engagement and Place Awards for her paper 'Voluntary Carbon Markets in ASEAN: Challenges and Opportunities for Scaling Up'. Her paper was developed to bring attention to policymakers of issues raised by COP26 participants.

Find out more about the awards.

Flying Start Programme wins PQ Award - April 2022

Newcastle University Business School’s Flying Start programme, in partnership with PwC and ICAEW, has won one of the three PQ ‘Editor’s Special Awards’ for 2022. The PQ Awards are national awards, celebrating successes within the accountancy sector.

The awards were held in London on Monday 25 April, with our Subject Group Head of Accounting and Finance, Chris Soan, Degree Programme Director, Helen Currie and Naomi Challans, Talent Manager at PwC in attendance to accept the award.

Read more.

Appointment of Stuart Price as Visiting Professor of Practice - April 2022

We're proud to announce we have appointed Stuart Price as a Visiting Professor of Practice for an initial term of three years. Stuart has been Managing Director of JP Morgan Asset Management, a part of JP Morgan Chase, since 2018. We're looking forward to learning from the wealth of knowledge Stuart will bring from his time in the finance sector.

Levelling Up, Housing and Communities Committee - March 2022

On Wednesday 9 March 2022, Accounting and Finance research community member, Dr Amanze Ejiogu, Senior Lecturer in Accounting took part in Parliament's Levelling Up, Housing and Communities Committee.

Dr Ejiogu presented evidence on the subject of 'The Regulation of Social Housing'.

Watch the meeting.

Challenging gender norms in accounting and finance - March 2022

In the first of a new series about equality, diversity in accounting and finance, Senior Lecturer in Accounting and Finance, Dr Shanta Davie, shares her story about how defining moments in her childhood and career journey established who she is as a woman today and the direction of her academic research and teaching.

Read Shanta's story.

Associate Editor appointment - January 2022

Congratulations to Professor Darren Duxbury who accepted an invitation to take on the role of Associate Editor of the Review of Behavioral Finance.