Philip R. Brown

UWA Business School, M250

Emeritus Professor

Crawley, Western Australia 6009

Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School

St Lucia, 4071 Brisbane

Queensland

Australia

http://www.firn.org.au

SCHOLARLY PAPERS

38

DOWNLOADS
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CITATIONS
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195

Scholarly Papers (38)

1.

Ball and Brown (1968): A Retrospective

FIRN Research Paper, Accounting Review, Forthcoming
Number of pages: 44 Posted: 01 Aug 2013 Last Revised: 19 Sep 2014
Ray Ball and Philip R. Brown
University of Chicago - Accounting and UWA Business School, M250
Downloads 1,872 (3,020)
Citation 3

Abstract:

Ball-Brown, earnings, usefulness, timeliness, anomalies, event study

2.

Mandatory Adoption of IFRS and Analysts’ Forecasts: How Much Does Enforcement Matter?

UNSW Australian School of Business Research Paper No. 2009 ACCT 01
Number of pages: 58 Posted: 05 Nov 2009 Last Revised: 01 May 2013
John P. Preiato, Philip R. Brown and Ann Tarca
University of Western Australia, UWA Business School, M250 and University of Western Australia
Downloads 1,115 (11,378)
Citation 3

Abstract:

IInternational Financial Reporting Standards, IFRS, Analyst Forecast Accuracy, Enforcement of Accounting Standards, Audit Fees, Regulation, Rule of Law

Agency Conflicts and Corporate Payout Policies: A Global Study

Number of pages: 49 Posted: 06 Mar 2008 Last Revised: 10 Mar 2014
Warwick Business School - Department of Finance, UWA Business School, M250, Queensland University of Technology and Queensland University of Technology - QUT Business School
Downloads 707 (26,520)
Citation 8

Abstract:

Dividends, share repurchases, agency costs, payout choice

Agency Conflicts and Corporate Payout Policies: A Global Study

Number of pages: 49 Posted: 17 Mar 2009 Last Revised: 10 Mar 2014
Warwick Business School - Department of Finance, UWA Business School, M250, Queensland University of Technology and Queensland University of Technology - QUT Business School
Downloads 149 (156,567)
Citation 8

Abstract:

Dividends, share repurchases, agency costs, payout choice

Agency Conflicts and Corporate Payout Policies: A Global Study

Number of pages: 49 Posted: 17 Mar 2009 Last Revised: 10 Mar 2014
Warwick Business School - Department of Finance, UWA Business School, M250, Queensland University of Technology and Queensland University of Technology - QUT Business School
Downloads 143 (162,168)
Citation 8

Abstract:

Dividends, share repurchases, agency costs, payout choice

Identifying Decision Useful Information With the Matrix Format Income Statement

Number of pages: 41 Posted: 16 Feb 2007
University of Western Australia, UWA Business School, M250, University of Western Australia, University of Western Australia, Massey University and Victoria University of Wellington - Faculty of Commerce and Administration
Downloads 959 (16,962)
Citation 6

Abstract:

comprehensive income, matrix income statement, performance reporting, IASB

Identifying Decision Useful Information with the Matrix Format Income Statement

Journal of International Financial Management & Accounting, Vol. 19, No. 2, pp. 184-217, Summer 2008
Number of pages: 34 Posted: 06 May 2008
University of Western Australia, University of Western Australia, University of Western Australia, UWA Business School, M250, Massey University and Victoria University of Wellington - Faculty of Commerce and Administration
Downloads 3 (533,349)
Citation 6

Abstract:

The Reach of the Disposition Effect: Large Sample Evidence Across Investor Classes

EFA 2002 Berlin Meetings Presented Paper
Number of pages: 33 Posted: 21 Mar 2002
UWA Business School, M250, University of Sydney Business School, University of Western Australia - Department of Accounting and Finance and University of Sydney
Downloads 830 (21,020)
Citation 27

Abstract:

Disposition effect, behavioural finance, tax-loss selling, house-money effect, prospect theory

The Reach of the Disposition Effect: Large Sample Evidence across Investor Classes

International Review of Finance, Vol. 6, No. 1-2, pp. 43-78, March/June 2006
Number of pages: 36 Posted: 02 May 2007
UWA Business School, M250, University of Sydney, Gresham Advisory Partners Limited and University of Western Australia - Department of Accounting and Finance
Downloads 28 (397,093)
Citation 26

Abstract:

6.

An Investigation of Compliance With International Accounting Standards by Listed Companies in the Gulf Co-Operation Council Member States

Number of pages: 49 Posted: 16 Feb 2007
Bader Al-Shammari, Philip R. Brown and Ann Tarca
Public Authority for Applied Education and Training (PAAET), UWA Business School, M250 and University of Western Australia
Downloads 748 (22,142)
Citation 2

Abstract:

International Accounting Standards (IAS), compliance, audit, enforcement, Gulf Co-Operation Council (GCC) member states

Measuring Country Differences in Enforcement of Accounting Standards: An Audit and Enforcement Proxy

FIRN Research Paper
Number of pages: 68 Posted: 28 Jun 2013 Last Revised: 24 Apr 2014
Philip R. Brown, John P. Preiato and Ann Tarca
UWA Business School, M250, University of Western Australia and University of Western Australia
Downloads 642 (30,309)
Citation 5

Abstract:

security market regulation, external audit, IFRS, compliance, enforcement, accounting quality

Measuring Country Differences in Enforcement of Accounting Standards: An Audit and Enforcement Proxy

Journal of Business Finance & Accounting, Vol. 41, Issue 1-2, pp. 1-52, 2014
Number of pages: 52 Posted: 25 Feb 2014
Philip R. Brown, John P. Preiato and Ann Tarca
UWA Business School, M250, University of Western Australia and University of Western Australia
Downloads 0
Citation 5

Abstract:

security market regulation, external audit, IFRS, compliance, enforcement, accounting quality

8.

Choice between Alternative Routes to Go Public: Backdoor Listing versus IPO

Number of pages: 39 Posted: 29 Jul 2011
Philip R. Brown, Andrew Ferguson and Peter Lam
UWA Business School, M250, University of Technology, Sydney - Discipline of Accounting and University of Technology, Sydney - Discipline of Accounting
Downloads 589 (24,453)

Abstract:

IPO, backdoor listing, going public, reverse takeover

Do Better-Governed Australian Firms Make More Informative Disclosures?

Number of pages: 47 Posted: 02 Feb 2005
Wendy Beekes and Philip R. Brown
Lancaster University - Department of Accounting and Finance and UWA Business School, M250
Downloads 502 (42,009)
Citation 37

Abstract:

Corporate governance quality, Disclosure frequency, Analysts' forecasts, Price discovery, Timeliness

Do Better-Governed Australian Firms Make More Informative Disclosures?

Journal of Business Finance & Accounting, Vol. 33, No. 3-4, pp. 422-450, April 2006
Number of pages: 29 Posted: 25 May 2006
Wendy Beekes and Philip R. Brown
Lancaster University - Department of Accounting and Finance and UWA Business School, M250
Downloads 18 (451,080)
Citation 37

Abstract:

Corporate Governance, Companies’ Disclosure Practices, and Market Transparency: A Cross Country Study

Journal of Business Finance and Accounting, Forthcoming
Number of pages: 52 Posted: 01 Sep 2012 Last Revised: 18 Dec 2015
Wendy Beekes, Philip R. Brown, Wenwen Zhan and Qiyu Zhang
Lancaster University - Department of Accounting and Finance, UWA Business School, M250, Lancaster University and Lancaster University Management School
Downloads 447 (48,717)

Abstract:

Corporate Governance, Disclosure Practices, Market Transparency, Legal Origin, Timeliness of Price Discovery

Corporate Governance, Companies’ Disclosure Practices and Market Transparency: A Cross Country Study

Journal of Business Finance & Accounting, Vol. 43, Issue 3-4, pp. 263-297, 2016
Number of pages: 35 Posted: 29 Apr 2016
Wendy Beekes, Philip R. Brown, Wenwen Zhan and Qiyu Zhang
Lancaster University - Department of Accounting and Finance, UWA Business School, M250, Lancaster University and Lancaster University Management School
Downloads 0

Abstract:

corporate governance, disclosure practices, market transparency, legal origin, timeliness, of price discovery

11.

On the Timeliness of Price Discovery

Number of pages: 27 Posted: 21 Oct 2006
Wendy Beekes and Philip R. Brown
Lancaster University - Department of Accounting and Finance and UWA Business School, M250
Downloads 428 (48,296)
Citation 5

Abstract:

information timeliness, price discovery

12.

Achieving High Quality, Comparable Financial Reporting: A Comparison of Independent Enforcement Bodies in Australia and the United Kingdom

Number of pages: 43 Posted: 14 Apr 2005
Ann Tarca and Philip R. Brown
University of Western Australia and UWA Business School, M250
Downloads 390 (50,655)
Citation 4

Abstract:

Financial reporting regulation, enforcement, Australian Securities and Investment Commission, ASIC, Financial Reporting Review Panel, FRRP

13.

Analysts' Dividend Forecasts

Number of pages: 40 Posted: 12 Jun 2002
University of Western Australia - Department of Accounting and Finance, UWA Business School, M250, Queensland University of Technology and Curtin University - School of Economics and Finance
Downloads 377 (57,785)
Citation 7

Abstract:

security analysts, dividends, earnings, forecasts, accuracy, bias

14.

Do Better-Governed Firms Make More Informative Disclosures? Canadian Evidence

Number of pages: 28 Posted: 07 Feb 2006
Wendy Beekes, Philip R. Brown and Germaine Chin
Lancaster University - Department of Accounting and Finance, UWA Business School, M250 and University of Western Australia - Faculty of Economics & Commerce
Downloads 342 (62,040)
Citation 32

Abstract:

Corporate governance quality, Disclosure frequency, Analysts' forecasts, Price discovery, Timeliness

15.

What’s in a Shell? Analysing the Gain to Shareholders from Reverse Takeovers

Number of pages: 39 Posted: 29 Jul 2011
Philip R. Brown, Andrew Ferguson and Peter Lam
UWA Business School, M250, University of Technology, Sydney - Discipline of Accounting and University of Technology, Sydney - Discipline of Accounting
Downloads 335 (62,255)

Abstract:

reverse takeover, reverse merger, backdoor listing, shell premium

16.

Culture and Stock Price Clustering: Evidence from The Peoples' Republic of China

Number of pages: 35 Posted: 11 Oct 2004
Jason D. Mitchell and Philip R. Brown
Singapore Management University - School of Accountancy and UWA Business School, M250
Downloads 334 (64,727)
Citation 3

Abstract:

Stock price clustering, number preferences, feng shui, Shanghai and Shenzhen stock exchanges

17.

The Information Value of the Annual Earnings Report

Number of pages: 25 Posted: 13 Aug 2012
Ray Ball and Philip R. Brown
University of Chicago - Accounting and UWA Business School, M250
Downloads 323 (56,578)

Abstract:

Earnings, Share prices, Event Study

18.

Measures of the Timeliness of Earnings

Australian Accounting Review, Forthcoming
Number of pages: 28 Posted: 19 Oct 2009 Last Revised: 02 Jul 2011
Philip R. Brown, Glen Dobbie and Andrew B. Jackson
UWA Business School, M250, affiliation not provided to SSRN and UNSW Australia Business School, School of Accounting
Downloads 298 (73,257)
Citation 16

Abstract:

Timeliness, Price Discovery, Conservatism

19.

Corporate Governance and Transparency in Japan

Number of pages: 46 Posted: 01 Jul 2011 Last Revised: 08 Dec 2016
Hiroyuki Aman, Wendy Beekes and Philip R. Brown
Kwansei Gakuin University, Lancaster University - Department of Accounting and Finance and UWA Business School, M250
Downloads 295 (67,910)

Abstract:

Corporate Governance; Firm Disclosure; Timeliness; Analyst Forecast Properties; Japanese Listed Companies

20.

The Accuracy of Analysts' Dividend Forecasts Around the World

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 40 Posted: 17 Jul 2008
Philip R. Brown, Janice C. Y. How and Peter Verhoeven
UWA Business School, M250, Queensland University of Technology and Queensland University of Technology - QUT Business School
Downloads 293 (72,249)
Citation 4

Abstract:

analyst dividend forecasts, dividend policy, earnings predictability, world

A Comparison of Between-Country Measures of Legal Setting and Enforcement of Accounting Standards

Number of pages: 63 Posted: 24 Apr 2014
John P. Preiato, Philip R. Brown and Ann Tarca
University of Western Australia, UWA Business School, M250 and University of Western Australia
Downloads 247 (96,749)

Abstract:

legal system, enforcement of accounting standards; auditors; regulation; rule of law; International Financial Reporting Standards; IFRS; analysts’ forecasts; forecast error; forecast dispersion

A Comparison of Between‐Country Measures of Legal Setting and Enforcement of Accounting Standards

Journal of Business Finance & Accounting, Vol. 42, Issue 1-2, pp. 1-50, 2015
Number of pages: 50 Posted: 26 Feb 2015
John P. Preiato, Philip R. Brown and Ann Tarca
University of Western Australia, UWA Business School, M250 and University of Western Australia
Downloads 0

Abstract:

legal system, enforcement of accounting standards, auditors, regulation, rule of law, International Financial Reporting Standards, IFRS, analysts’ forecasts, forecast error, forecast dispersion

22.

Corporate Governance and the Long-Run Performance of Firms Issuing Seasoned Equity: An Australian Study

22nd Australasian Finance and Banking Conference 2009
Number of pages: 43 Posted: 16 Apr 2009 Last Revised: 04 Jan 2010
Philip R. Brown, Michael Lee, Sian A. Owen and Terry S. Walter
UWA Business School, M250, affiliation not provided to SSRN, UNSW Australia Business School, School of Banking and Finance and University of Sydney
Downloads 200 (112,420)

Abstract:

Corporate governance, seasoned equity issue, long-run underperformance

23.

The Effects of Corporate Governance on Information Disclosure, Timeliness and Market Participants’ Expectations

Number of pages: 44 Posted: 02 Aug 2012 Last Revised: 02 Jun 2016
Wendy Beekes, Philip R. Brown, Germaine Chin and Qiyu Zhang
Lancaster University - Department of Accounting and Finance, UWA Business School, M250, University of Western Australia - Faculty of Economics & Commerce and Lancaster University Management School
Downloads 190 (106,947)
Citation 1

Abstract:

corporate governance, disclosure frequency, analysts’ forecasts, price discovery, timeliness

24.

Financial Integration and the Transparency of Firms in Emerging Capital Markets

Number of pages: 34 Posted: 30 Oct 2012 Last Revised: 17 Jul 2014
Qiyu Zhang, Wendy Beekes and Philip R. Brown
Lancaster University Management School, Lancaster University - Department of Accounting and Finance and UWA Business School, M250
Downloads 79 (230,470)

Abstract:

Financial integration; transparency; emerging markets

Corporate Governance and the Informativeness of Disclosures in Australia: A Re-Examination

Forthcoming in Accounting and Finance
Number of pages: 48 Posted: 01 Sep 2012 Last Revised: 10 Jun 2014
Wendy Beekes, Philip R. Brown and Qiyu Zhang
Lancaster University - Department of Accounting and Finance, UWA Business School, M250 and Lancaster University Management School
Downloads 58 (295,354)

Abstract:

Corporate governance, Disclosures, Price discovery, Timeliness, Transparency

Corporate Governance and the Informativeness of Disclosures in Australia: A Re‐Examination

Accounting & Finance, Vol. 55, Issue 4, pp. 931-963, 2015
Number of pages: 33 Posted: 18 Jan 2016
Wendy Beekes, Philip R. Brown and Qiyu Zhang
Lancaster University - Department of Accounting and Finance, UWA Business School, M250 and Lancaster University Management School
Downloads 0

Abstract:

Corporate governance, Disclosures, Price discovery, Timeliness, Transparency

26.

Market Reactions to the Reports of a Star Resource Analyst

Australian Journal of Management, Vol. 39, No. 1, 2014, FIRN Research Paper
Number of pages: 23 Posted: 11 Feb 2014 Last Revised: 20 Feb 2014
Philip R. Brown, Alexey Feigin and Andrew Ferguson
UWA Business School, M250, University of Technology Sydney (UTS) - School of Accounting and University of Technology, Sydney - Discipline of Accounting
Downloads 42 (315,189)
Citation 1

Abstract:

detecting abnormal market behavior, gold, extractive industries, market microstructure, specialist, star analyst

27.

The Interaction of Retail Order Placement with Transient Volatility

22nd Australasian Finance and Banking Conference 2009
Number of pages: 42 Posted: 24 Aug 2009
Philip R. Brown and Marvin Wee
UWA Business School, M250 and The University of Western Australia
Downloads 40 (332,898)

Abstract:

Institutional and retail traders, Order placement, Transient Volatility

28.

Investors’ Order Placement Strategies Around the Time of a Market Sensitive Announcement

Number of pages: 39 Posted: 14 Dec 2012
Marvin Wee and Philip R. Brown
The University of Western Australia and UWA Business School, M250
Downloads 35 (342,350)
Citation 1

Abstract:

Market sensitive announcements, Order Flow, Price Impact, Event Studies, Trading Behaviour

29.

What Determines Early Exercise of Employee Stock Options in Australia?

Accounting and Finance, Vol. 47, No. 2, pp. 165-185, June 2007
Number of pages: 21 Posted: 08 Jun 2007
Tristan Boyd, Philip R. Brown and Alexander Szimayer
University of Western Australia - UWA Business School, UWA Business School, M250 and University of Hamburg - Faculty of Economics and Business Administration
Downloads 33 (366,655)
Citation 3

Abstract:

30.

Achieving High Quality, Comparable Financial Reporting: A Review of Independent Enforcement Bodies in Australia and the United Kingdom

Abacus, Vol. 43, No. 4, pp. 438-473, December 2007
Number of pages: 36 Posted: 27 Nov 2007
Philip R. Brown and Ann Tarca
UWA Business School, M250 and University of Western Australia
Downloads 12 (465,868)
Citation 3

Abstract:

31.

Does Market Misvaluation Help Explain Share Market Long-Run Underperformance Following a Seasoned Equity Issue?

Accounting and Finance, Vol. 46, No. 2, pp. 191-219, June 2006
Number of pages: 29 Posted: 12 Jun 2006
Philip R. Brown, Gerry Gallery and Olivia Goei
UWA Business School, M250, Queensland University of Technology and affiliation not provided to SSRN
Downloads 11 (470,947)
Citation 6

Abstract:

32.

Investor Behaviour in Response to Australia’s Capital Gains Tax

Accounting & Finance, Vol. 50, No. 4, pp. 783-808, December 2010
Number of pages: 26 Posted: 08 Nov 2010
Philip R. Brown, Andrew Ferguson and Sam Sherry
UWA Business School, M250, University of Technology, Sydney - Discipline of Accounting and affiliation not provided to SSRN
Downloads 2 (513,945)

Abstract:

33.

Pierpont and the Capital Market

Abacus, Vol. 45, Issue 2, pp. 147-170, June 2009
Number of pages: 24 Posted: 10 Jun 2009
Philip R. Brown, Andrew B. Jackson and Andrew Ferguson
UWA Business School, M250, UNSW Australia Business School, School of Accounting and University of Technology, Sydney - Discipline of Accounting
Downloads 2 (513,945)
Citation 1

Abstract:

34.

Valuing Executive Stock Options: Performance Hurdles, Early Exercise and Stochastic Volatility

Accounting & Finance, Vol. 48, Issue 3, pp. 363-389, September 2008
Number of pages: 27 Posted: 14 Aug 2008
Philip R. Brown and Alexander Szimayer
UWA Business School, M250 and University of Hamburg - Faculty of Economics and Business Administration
Downloads 2 (513,945)
Citation 1

Abstract:

35.

Corporate Governance, Accounting and Finance: A Review

Accounting & Finance, Vol. 51, No. 1, pp. 96-172, 2011
Number of pages: 77 Posted: 02 Mar 2011
Philip R. Brown, Wendy Beekes and Peter Verhoeven
UWA Business School, M250, Lancaster University - Department of Accounting and Finance and Queensland University of Technology - QUT Business School
Downloads 1 (521,934)
Citation 16

Abstract:

Corporate governance, Agency costs, Directors, Duality, Board committees, Ownership structure, Shareholder activism, Auditor independence, Accounting quality, Endogeneity

36.

A Commentary on Issues Relating to the Enforcement of International Financial Reporting Standards in the EU

European Accounting Review, Vol. 14, No. 1, 2005
Posted: 16 Mar 2005
Ann Tarca and Philip R. Brown
University of Western Australia and UWA Business School, M250

Abstract:

Enforcement, Compliance, Regulatory oversight in the European Union (EU), Financial reporting regulation, International financial reporting standards, IFRS

37.

Future Disclosures

Pacific Accounting Review Millennium Edition, Vol 11, No 2, December 1999/January 2000
Posted: 19 Apr 2000
Philip R. Brown
UWA Business School, M250

Abstract:

38.

The Impact of Statutory Sanctions on the Level and Information Content of Voluntary Corporate Disclosure

Posted: 18 Jul 1998
Philip R. Brown, Stephen L. Taylor and Terry S. Walter
UWA Business School, M250, University of Technology Sydney and University of Sydney

Abstract: