Professor Philip R. Brown

Positions Held

Professor of Accounting and Finance, Schools of Accounting and Banking and Finance, The University of New South Wales (since January 2003)
Professor of Accounting, Business School, The University of Western Australia (since January 2004)

Prize and Honours

1963 University of New South Wales Medal
1963 Aust.-American Educational Foundation Award
1979 Fellowship of the Academy of the Social Sciences in Australia
1986 American Accounting Association’s Seminal Contribution to Accounting Literature Award
1991 American Accounting Association’s Distinguished International Visiting Lecturer
1991 Coopers & Lybrand-Accounting Association of Australia and New Zealand Visiting Research Professor in Australasia (July 1991 – June 1992)
1996 Accounting Association of Australia and New Zealand’s Outstanding Contribution to the Accounting Research Literature Award
2000 Life Member, Accounting Association of Australia and New Zealand

Principal Professional Memberships

Member, Corporations and Markets Advisory Committee
Fellow, CPA Australia

Previous Employment

2002, (Visiting) Professor, Department of Accounting and Finance, Lancaster University
1980-2001, Professor, Department of Accounting and Finance, University of Western Australia
1975-1979, Director and Professor, AGSM, University of New South Wales
1968-1974, Reader and Professor, Department of Commerce, University of Western Australia
1971, 1979, Visiting Professor University of Chicago
1983, 1987, Visiting Professor Stanford University

Graduate Students

PhD (10+), Honours/Masters (50+)

Research Interests

Accounting information and price discovery in equity markets, equity market anomalies, analysts’ forecasts, employee and executive share options, the politics of accounting standard setting, corporate governance.

Recent Research Grants

DJ Stokes, S Taylor, PR Brown, GH Partington, PA Wells, S Walker: “Intangibles, valuation and dividend imputation” (C10010019) 2000-2002, $256,901
TS Walter, S Taylor, PR Brown: “The effect of the Enhanced (Continuous) Disclosure regime on the informational efficiency of the Australian equity market” (A79803591) 1998-2000, $173,859.

Professional Activities

Editorial Board Member of Abacus, Accounting and Business Research, Accounting and Finance, International Journal of Finance and Pacific-Basin Finance Journal
Faculty member of: the Doctoral Consortium of the American Accounting Association (1988) and the Accounting Association of Australia and New Zealand Doctoral Colloquium (1997); the British Accounting Association’s PhD Colloquium (2002); the PwC-European Accounting Association’s PhD Colloquium (2002); presenter at the Senior Faculty Consortium of the American Accounting Association (1990)
Deputy Chair of the Mathews Committee of enquiry into accounting education in Australia’s universities (1989-1990)

Selected Publications

  • An empirical evaluation of accounting income numbers (with R. Ball). Journal of Accounting Research, 6 (Autumn, 1968), 1959 – 1978.
  • Analysts’ dividend forecasts (with A. Clarke, J. How and K. Lim). Pacific–Basin Finance Journal, 10(2002) 371 – 391.
  • The influence of cultural factors on price clustering: Evidence from Asia–Pacific stock markets (with J. Mitchell). Pacific–Basin Finance Journal, 10 (2002), 307–332.
  • Politics, processes and the future of Australian accounting standards (with Ann Tarca). Abacus, 37(3) (October, 2001), 267 – 296.
  • The impact of statutory sanctions on the level and information content of voluntary corporate disclosure (with S. Taylor and T. Walter). Abacus, 35(2) (June, 1999), 138 – 162.
  • Research method and the long-run performance of acquiring firms (with R. da Silva Rosa). Australian Journal of Management, 23(1) (June, 1998), 23 – 38.
  • An intraday analysis of the probability of trading on the ASX at the asking price (with M. Aitken, H.Y. Izan, A. Kua and T. Walter). Australian Journal of Management, 20(2) (December, 1995), 115 – 154.
  • The ex-dividend day behaviour of Australian share prices before and after dividend imputation (with A. Clarke). Australian Journal of Management, 18 (June, 1993), 1 – 40.
  • Market Microstructure and Capital Market Information Content Research, Studies in Accounting Research #32, American Accounting Association, 1992.