The accounting programme provides rigorous training to PhD students for the investigation of issues relating to auditing, financial accounting, and managerial accounting. Our programme aims to place graduates at research-oriented institutions as faculty members. Our recent graduates have taken faculty positions at Australian National University, Monash University, University of Hawaii at Mānoa, University of Hong Kong, University of Queensland, University of South Carolina, University of Massachusetts Amherst, University of Sydney, and top research universities in China. A recent survey shows that, according to publication records of Ph.D. graduates in the most recent 9 years, our doctoral program is ranked #1 in Asia, and #2 outside of the U.S. (click here for details).
As potential PhD student advisors, our faculty members have a solid reputation for quality work, and have published in major accounting and finance journals including The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Journal of Finance, Contemporary Accounting Research, Accounting, Organisations and Society, and Review of Accounting Studies. Members of our division are represented as reviewers or associate editors of major accounting journals. See the list of faculty members and their publications.
There are two major tracks in the accounting doctoral programme: capital markets and behavioral. Applicants have to indicate which track they intend to follow on their applications.
The capital markets track uses archival data to examine a variety of interesting research questions about corporate behaviors, including financial reporting, investment, corporate finance, corporate governance, and valuation. Our students have access to a wide range of databases providing information on stock returns, corporate governance, insider trading and financial statements. Students develop proficiency in programming and the use of statistical packages such as SAS to conduct their research. To help you better understand research in this track, click here for link to recent papers by our faculty members in this track.
The behavioral track focuses on judgment and decision making processes in accounting settings. Current research topics examined in this track relates to determinants of auditor performance, determinants of analysts’ forecast accuracy, as well as judgment biases of analysts, investors, and financial managers. This track involves the intersection of theories in psychology, economics, and finance, and typically involves (but is not restricted to) the use of experiments. To help you better understand research in this track, click here for link to recent papers by our faculty members in this track.
Doctoral students do not take additional courses on specific accounting standards but are required to take seminars on accounting research. Depending on the track they are in, they take classes in economics, psychology, econometrics, etc. and learn to apply their knowledge in these fields to research issues in accounting.
Doctoral students are well guided through this programme. Close interaction with faculty members results in joint publications presented at top international conferences and published in major journals. World-renowned professors are brought to the school through the Centre for Accounting and Auditing Research (CAAR) to provide an extra intellectual arena for learning. CAAR also co-hosts the annual International Symposium on Audit Research, which brings in the best auditing researchers together. This is a great opportunity for PhD students to interact with leaders in their field.