Accounting research topics
We are conducting exciting research into a wide range of accounting topics – topics which are of interest and relevance to all kinds of businesses and organisations. These are just some of our current areas of interest.
The implications of social networks on the capital markets
A fundamental feature of today’s corporate world is the multi-layered network of connections among organisations. It would be virtually impossible for a corporation to operate effectively in isolation. Arguably, the connections among organisations are so vital to their functioning that it would not be accurate to say that corporations have networks. Rather they are networks. Professor Jo Horton is one of only a few academics conducting research in this exciting new area. Her work attempts to offer a new conceptual lens through which corporate governance can be examined and analysed and new insights can be developed.
Financial accounting information
How useful is financial accounting information in the valuation of business firms? This is Dr Bill Peng’s main area of research inquiry. He is particularly interested in the link between value and accounting numbers, by integrating the theory of valuation and the practice of financial statement analysis. Specifically, he is examining the performance of alternative accounting-based valuation models and how accounting variables relate to stock prices and returns. Professor Kevin McMeeking’s research also focuses on financial accounting information and how it is reported. It draws from economics literature to investigate issues such as pricing, reputation, litigation and organisational change that are of relevance to academics, practitioners, business entities regulators and the general public. Professor McMeeking’s current research projects are relating to the financial disclosure and valuation of derivatives, theoretical estimations of the relationship between capital and assets, and corporate social responsibility and the sustainability of professional service firms.
Following the recent financial crisis, corporate governance, as well as broader stakeholder responsibility issues, are gaining importance – and drawing the attention of policy makers, academia and practitioners. This is an exciting and growing area of teaching and research. Dr Amama Shaukat is working on research papers in the field of corporate governance, particularly investigating the issues of non-compliance and firm performance. She is also looking at factors affecting changes in compliance with the UK code of corporate governance, in large listed companies in the UK. Dr Oliver Marnet investigates the effects of bias on the judgment and work of agents in governance, with a particular focus on the work of auditors and corporate boards. A particular application is on improving the quality of decision-making of boards of directors. This work frequently involves joint work with the private and professional sector, and is typically aimed at providing practical guidance to practitioners and policy makers. Professor David Gwilliam’s research interests are based around accounting and auditing regulation and also focus on the role of audit in corporate governance, as well as the economic and legal aspects of the audit market. Professor Gwilliam is currently working on papers relating to the role of audit within corporate governance, changes in the nature of the market for non-audit services provided by accounting and auditing firms, and studies of the legal and professional disciplinary processes as they relate to accounting and auditing.
Sustainability accounting and reporting
Dr Petros Vourvachis’ research interests principally lie in the fields of corporate accounting and accountability; corporate social (and environmental) reporting – CSR; and corporate social responsibility. CSR is a newly established accounting area, which has been developed to extend the traditional model of financial reporting, emphasising business’ economic prosperity to incorporate social and environmental aspects. As climate change and the credit crunch have indeed shown, businesses also have large social and environmental impacts for which they should be held responsible, and thus provide relevant accounts to those interested in, or being affected by, their actions. Dr Vourvachis is currently researching the social and environmental reporting practices of the aviation industry, the organisational impacts on employee well-being, with emphasis on work-related stress, and the use of content analysis in accounting research. Professor John Burns’ research interests primarily rest in management accounting and also focus on sustainability management, as well as organisational change and institutional theory. Professor Burns’ current research projects focus on the implementation of sustainability practices in the Danish pharmaceutical industry, the use of accounting information in organisations, sustainability-oriented management control systems, and organisational decision-making.
Taxation Policy and Practice
Taxation policy is an issue of concern to all businesses, but also to wider society. Professor Lynne Oats’ interest is taxation as a specialist area of accountancy practice in a social and institutional context. Being inherently interdisciplinary as field of study, taxation has powerful unifying potential by providing intellectual links between the diverse areas of business research including public finance and policy, organisational behaviour, management and strategy, accounting and finance. Important questions include: How do new forms of taxation, and variations in modes of tax regulation, come into being? What responses do changes in tax policy and practice generate in society? How do developments in international taxation interact with practical domestic concerns of tax policy and regulation?