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PHD PROGRAM IN ACCOUNTING AND FINANCE

Department of Accounting and Finance

University of Western Australia

(A world's top 100 university)

 

ABOUT THE DEPARTMENT

The Department of Accounting and Finance forms the core department in the University of Western Australia, a world's top 100 university and one of the Go8 (Group of 8) universities in Australia. The department is committed to training and equipping PhD students with the skills required for a rewarding future career in the academic, industry or public sector. Working closely with world-class faculty members, PhD students are expected to contribute to intellectual-stimulating discussions and advance the knowledge of accounting and finance, culminating in a doctoral thesis.

For more information, please contact Associate Professor Kam Chan (Graduate Research Coordinator/PhD program leader for the department) or talk to a university Graduate School representative for enrolment, and scholarship opportunities. This is not an official website for the department; for the department's official website, click on the button below.

 
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ACCOUNTING

Faculty members of the department have published extensively in leading tier-one accounting journals, including:

  • Journal of Accounting Research

  • Review of Accounting Studies

  • The Accounting Review

  • Contemporary Accounting Research

  • The European Accounting Review

  • Accounting, Organizations, and Society, and 

  • Management Accounting Research

 

A list of accounting faculty members who are eligible to supervise, together with their research interests, are shown below (click on the thumbnails to explore further)

Prof. Jacqueline Birt (Head of Department)
Prof. Vincent Chong (Deputy Head of Department)
Prof. David Gilchrist
Prof. Phil Hancock
Assoc. Prof. Warrick Van Zyl
Assoc. Prof. George Shan
Dr. Stijn Masschelein (Honours program leader)
Dr. Nishant Agarwal
Dr. Lyndie Bayne
Dr. Prerana Agrawal
 
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FINANCE

Faculty members of the department have published extensively in leading tier-one finance journals, including:

  • Journal of Financial Economics

  • Review of Financial Studies

  • Journal of Banking and Finance

  • Journal of Corporate Finance and 

  • Journal of Financial Econometrics. 

In addition, the department's scholarly findings were widely reported in leading global media outlets such as the Wall Street Journal (WSJ) and Australian Financial Review (AFR).

 

A list of finance faculty members who are eligible to supervise, together with their research interests, are shown below (click on the thumbnails to explore further)

Prof. Dirk Baur (2021 Australian top finance researcher)
Prof. Dirk Baur (2021 Australian top finance researcher)

Cryptocurrencies, blockchain, gold, financial econometrics, environmental finance

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Prof. Raymond Da Silva Rosa
Prof. Raymond Da Silva Rosa

Behavioural finance, corporate governance, mergers and acquisitions, networks in capital markets

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Prof. Paul Gerrans
Prof. Paul Gerrans

Financial literacy, superannuation and retirement savings, financial decision making and performance

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Assoc. Prof. Lee Smales
Assoc. Prof. Lee Smales

Market microstructure, investments, commodity markets, behavioural finance, empirical asset pricing

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Assoc. Prof. Kam Chan (PhD program leader)
Assoc. Prof. Kam Chan (PhD program leader)

Empirical asset pricing, investments, portfolio allocations, capital markets, financial modelling

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Assoc. Prof. Joey Yang
Assoc. Prof. Joey Yang

Corporate finance, ESG, market microstructure, funds management, insider trading

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Dr. Elizabeth Ooi
Dr. Elizabeth Ooi

Superannuation, pension funds, socially responsible investing, financial literacy, financial education

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Dr. Frank Liu
Dr. Frank Liu

Empirical asset pricing, private equity, private debt, quantitative finance

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Dr. Rui Zhong
Dr. Rui Zhong

Credit risk, ESG, asset pricing, sustainable finance, international finance

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Dr. Mahmoud Agha
Dr. Mahmoud Agha

Corporate finance, Mergers and Acquisitions, corporate governance

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Dr. Yihui Lan
Dr. Yihui Lan

Empirical asset pricing, exchange rate economics, international finance, commodity markets

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Dr. Yuanji Wen
Dr. Yuanji Wen

Market microstructure, behavioral finance, experimental economics, financial institutions, capital markets

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Dr. Chloe Ho
Dr. Chloe Ho

Corporate finance, CSR, IPO, mergers and acquisitions, equity issuance

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Dr. Johathan Karlsen
Dr. Johathan Karlsen

Cryptocurrencies, market microstructure

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Dr. Mosharraf Hossain
Dr. Mosharraf Hossain

Corporate finance, sustainable finace, ESG, corporate governance

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Dr. Duc Vo
Dr. Duc Vo

Energy economics, network of financial markets, empirical finance

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RECENT NOTABLE JOURNAL PUBLICATIONS

 

ACCOUNTING

  • Kent, R., and Birt, J., (2021). IAS 7 and value relevance: the direct method versus the indirect method, Review of Accounting Studies, forthcoming

  • Agarwal, N., and Chakraverty, J., (2021). Growth opportunities, information asymmetry, and dividend payout: Evidence from mandatory IFRS adoption, European Accounting Review forthcoming

  • Masschelein, S., and Moers, F., (2020). Testing for complementarities between accounting practices, Accounting, Organizations and Society. 101127.


  • Chong, V., and Wang, I., (2019). Delegation of Decision Rights and Misreporting: The Roles of Incentive-based Compensation Schemes and Responsibility Rationalization, European Accounting Review 28, 275-307


  • Ball, R., & Brown, P., (2014) Ball and Brown (1968): A retrospective, The Accounting Review 89, 1-26.

  • Masschelein, S., Cardinaels, E. & Van Den Abbeele, A., (2012) ABC Information, Fairness Perceptions, and Interfirm Negotiations, The Accounting Review 87, 951-973.

FINANCE

  • Chan, K., and Marsh, T., (2021). Asset pricing on earnings announcement days, Journal of Financial Economics, forthcoming


  • Chan, K.and Marsh, T., (2021). Asset prices, midterm elections, and political uncertainty, Journal of Financial Economics 141, 276-296 


  • Werner, I., Wen, Y., Rindi, B., and Buti, S., (2022). Tick size, trading strategies and market quality, Management Science, forthcoming

  • Foley, S., Karlsen, J., and Putnins, T., (2019). Sex drugs and bitcoin: How much illegal activity is financed through cryptocurrencies?, Review of Financial Studies 32, 1798-1853.


  • Hendershott, T., Wee, M., and Wen, Y., (2022). Transparency in Fragmented Markets: Experimental Evidence, Journal of Financial Markets, forthcoming

  • Baur, D., and Smales, L., (2020). Hedging geopolitical risk with precious metals, Journal of Banking and Finance 117, 105823.


  • Cahill, D., Baur, D., (Frank) Liu, Z., and Yang, W. (2020). I am a blockchain too: How does the market respond to companies’ interest in blockchain? Journal of Banking and Finance 113, 105740.

MEDIA COVERAGE

Our faculty constantly contributes to global news outlets

 

WALL STREET JOURNAL

Kam Fong Chan

A summer stock-market strategy: invest defensively (2021).

AUSTRALIAN FINANCIAL REVIEW

Raymond da Silva

Criticism of unis for catering to China needs to be unpacked (2020)

SYDNEY MORNING HERALD

Raymond da Silva

Will the sharemarket recover? Here’s a way to think sensibly about the odds (2020)

WATODAY

David Gilchrist

The cruel dilemma at the heart of WA's success at flattening the COVID-19 curve (2020)

THE WEST AUSTRALIAN

Funding Charities Good for the Economy (2020)

WALL STREET JOURNAL

Kam Fong Chan

The right time to buy high-beta stocks (2020)

AUSTRALIAN BROADCASTING CORPORATION

Lee Smales

Can't decide between a car or a house? These are some other financial goals to consider (2019)

THE AUSTRALIAN

David Gilchrist

NDIS sees disability groups cut care (2017)

DISTINGUISHED PROFESSORS

The department's distinguished Emeritus Professors and Advisors

 
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PROF. PHILIP BROWN

In 1968, Prof. Brown and Prof. Ray Ball published a seminal paper entitled “An empirical evaluation of accounting income numbers”, which has since become a must-read paper for all accounting/finance PhD students. Prof. Brown received the Inaugural Award of the American Accounting Association’s Seminal Contribution to Accounting Literature, and the Wharton-Jacobs Levy Prize for Quantitative Financial Innovation.

WHY STUDY WITH US?

THOUGHT-PROVOKING RESEARCH

Faculty members of the department have constantly published in leading tier-one journals such as Journal of Financial Economics, Review of Financial Studies, Journal of Accounting Research, The Accounting Review and Review of Accounting Studies. PhD students are expected to work closely with faculty members on thought-provoking research projects, and publish in tier-one journals.

DEDICATED PHD PROGRAM

It is a 4-year research intensive program, and students are also expected to undertake the necessary coursework, join bootcamps in programming, be given an opportunity to be an RA (research assistant) for other faculty members, participate rigorously during Friday seminars etc.

ACCESS TO DATABASES

The Department has access to leading global databases such as WRDS, CRSP, COMPUSTAT, IBES, SDC, Eikon and Bloomberg; thus allowing students to undertake thought-provoking research.

SAFE CAMPUS

The university campus is located along the picturesque Swan River in Perth. Perth was recently nominated as one of the top 10 safest cities to live in.

 

CURRENT PHD STUDENTS

The list below shows some of our current PhD students and their research profiles

Jimin Wang

Jimin received the prestigious UWA Research Training Program Stipend to pursue his doctoral study. His PhD research topic is on the impacts of corporate cybersecurity (FinTech)

Yuyun Huang

Yuyun received the prestigious UWA Research Training Program Stipend to pursue her doctoral study. Her PhD research topics are on insider trading, algorithmic trading and stock price informativeness.

Fiona Roeslim

Fiona received the UWA International Fees Scholarship and UWA Postgraduate Award to pursue her doctoral study. She was also the 2018 Philip Brown Scholar.

Yun Lu

Yun Lu holds a Master in Professional Accounting (with High Distinction). Her current PhD study involves examining the influences of digital technology on accounting.

Maryam Shariatmadari

Maryam's doctoral study involves examining the determinants and consequences of shareholders' voting. She recently had a paper accepted for presentation at the Southwestern Finance Association Conference

Phuong Vu

In her doctoral study, Vu investigates the compensation plan and the performance measures in those plans within hospitality groups in Vietnam and Australia. Previously, Vu was an Assistant Manager at KPMG Vietnam.

 

JOB MARKET CANDIDATES

Find out about our job market candidates including their research interests, accolades, achievements etc. They are available for recruitment in 2022. 

 
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LAI T. HOANG

Lai is expected to graduate in April 2022, with a thesis entitled "To swing or not to swing: Four essays on cryptocurrencies". Notably, he has published in leading international journals, including European Journal of Finance, Journal of Futures Markets, and Finance Research Letters, and was a recipient of various accolades, including  Best PhD Paper Award at the 2020 Cryptocurrency Research Conference (University of Reading), and New Zealand ASEAN Scholar Awards. Lai is also an expert in R, SAS, Python, SQL and web scraping, and has been a teaching fellow at UWA since 2019.

RECENT PHD GRADUATES

 

DR. MAN DUY PHAM

Placement: Monash University (Malaysia)

Dr. Man graduated with a doctoral thesis from the Department in 2020 and joined Monash University (Malaysia) as a lecturer in finance in 2021. One of his thesis essays was published in Journal of Banking and Finance.

DR. FARHAN MALIK

Placement: Maastricht University

Dr. Farhan graduated from the Department in 2021. He is now a lecturer in accounting and information management at Maastricht University. Dr. Farhan's thesis is entitled "Beyond the Words: Three Essays on Narrative Disclosure Tone"

DR. ANNA RETNAWATI

Placement: Universitas Airlangga (Indonesia)

Dr. Anna recently graduated with a thesis entitled "Essays on Banking Policies and Financial Development in Indonesia". Anna was a scholar of the prestigious Indonesia Endowment Funds and Universitas Airlangga during her doctoral study.

NOTABLE ALUMNI

Many of the Department’s prior PhD students now hold various positions in academia, academic associations, professional bodies, the public sector, and/or industry

 

Accounting

PROF. ANN TARCA

Prof. Ann is currently a board member of the IASB. She was previously the Head of Discipline of Accounting & Finance  at UWA Business School

Accounting

PROF. JULIANA NG

Prof. Juliana is currently the Director of Research School of Accounting at Australian National School

Accounting

PROF. VINCENT CHONG

Prof. Vincent is currently the deputy Head of Department of Accounting and Finance at UWA Business School

Finance

PROF. RAYMOND DA SILVA ROSA

Prof. Raymond is the Chair of Academic Board at UWA. He was previously the Head of Department of Accounting and Finance  at UWA Business School, and was also the past President of AFAANZ.

Finance

PROF. MARTIN BUGEJA

Prof. Martin was the Head of Discipline of Accounting at University Technology of Sydney (UTS).

Finance

PROF. MILLICENT CHANG

Prof. Millicent is the Head of Discipline of Finance at Wollongong University. She is also the Deputy Editor of Australian Journal of Management, and was the past President of AFAANZ

Finance

ASSOC. PROF. MARVIN WEE

Assoc. Prof. Marvin is currently the Deputy Editor-in-Chief of Accounting and Finance, and is currently affiliated with Australian National University

"Do not go where the path may lead. Instead, go where there is no path and leave a trail"

Ralph Waldo Emerson

 

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