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Sue Wright

Photo of Sue Wright
  • Title: Associate Professor
  • Position: Associate Professor - Department of Applied Finance and Actuarial Studies
  • Qualifications: BA(Hons) Macquarie, PhD Macquarie

Contact Details

Areas of Expertise

  • Financial Regulation
  • Financial Analysis
  • Corporate Governance
  • Banking in Australia

Profile

Associate Professor Sue Wright's researchprogram investigates financial regulation and financial analysis, focusing oncorporate governance and other reporting issues.

Sheis interested in the impact of financial regulation and financial reporting onfinancial markets and share valuation. Such investigations include a number ofdifferent factors that impact corporate governance attributes such as the boardof directors and its committees, and the quality of financial reporting, suchas auditing and accounting disclosures. It also includes the impact of externalevents on the link between reporting and market outcomes, such as changes inCEO, changes in regulation, and reporting choices.

A/Prof Wright is an active higherdegree supervisor of students in the masters and PhD programs in the areas ofcorporate governance, capital markets, earnings quality, and financialreporting. She is also the co-author of several Australian textbooks, onfinancial statement analysis, and investments.

She is also well connected to academiccolleagues in the finance and accounting disciplines internationally and inAustralia, being a past Australian President of the Accounting and FinanceAssociation of Australia and New Zealand (AFAANZ). Prior to entering academia,she worked in policy areas related to bank supervision and reporting forseveral years with the Reserve Bank of Australia. Her PhD examined thecomparative information content of accounting and share prices for Australianbanks 1960-1990.

A/Prof Wright has extensive managementand administrative experience at the university. In 2013, she was awarded theDean's Award for Service to Academia, and in 2007, she was awarded a MacquarieUniversity Outstanding Service Award, in recognition of her long-termcommitment to the work of the faculty, the university and her achievements. Herfaculty management roles include Acting Head of Department of Applied Financeand Actuarial Studies, Acting Head of Department of Accounting and Finance,Deputy Head of Department, and the Faculty Board. Her university roles includeAcademic Senate, the Partnerships and Infrastructure Panel, and the UniversityLibrary Committee.

Education

  • PhD: Accounting and Finance (Macquarie University)
  • Bachelor of Arts (Honours): Economics (Macquarie University)

Research grants

  • 2014 AFAANZ "Asymmetric Timeliness in Operating Cash Flows in Australia" $4550
  • 2014 Macquarie-Ryde Futures Partnership Local Research Grant 2014 $9965, plus $10 000 from North Ryde Community Bank, for "The Viability of North Ryde Community Bank"
  • 2013 Centre for International Financial Regulation for "Effect of the Basel Accord capital requirements on the loan-loss provisioning practices of Australian banks " $52 564
  • 2013 Learning and Teaching Grant "Compressed Delivery Improvements for AFIN252: Applied Financial Analysis and Management"$19 000
  • 2012 Association of Chartered Certified Accountants (ACCA) for "The Drivers of Audit Quality", $27,375.
  • 2012 Centre for International Financial Regulation, on "Risk Governance and Culture" $89,781
  • 2011 International Governance and Performance Research Centre/CPA Australia, for "The Impact of Fair Value Accounting on Corporate Governance in the Australian Agricultural Centre", $6500.
  • 2011 International Governance and Performance Research Centre/CPA Australia for "Work Readiness", $4000.
  • 2009 Macquarie University Learning and Teaching Priority Grant of $29 654, for "Alignment and Development of Learning, Teaching and Assessment Resources for Ethics Education in Accounting Programs".
  • 2009 as a leader of the Organisational Performance and Governance Network within Macquarie University's Faculty of Business and Economics, funded $25 000 for various projects. The funds were used for data collection for 4 distinct projects. I am involved in all four projects.
  • 2009/2010 AFAANZ Research Grant "The Impact of the ASX Corporate Governance Recommendations on Corporate Risk Management" of $3000.  This funding has been used for data collection.
  • 2008/2009 AFAANZ Research Grant of $2720 "The Impact of Compulsory Audit Tendering on Financial Reporting Quality for N.S.W. Local Councils". This funding is being used to collect and enter data from original sources.
  • 2008, Macquarie University Department of Accounting and Finance Research Grants of $9000, "Accounting for Investments and the Relevance of Losses to Firm Value" This funding was used to collect data from the notes to the accounts of a large sample of Australian firms, and resulted in a published research paper.
  • 2006 Macquarie University Strategic Curriculum Innovation Grant of $26 047.
    "An investigation of approaches to developing, integrating and maintaining ethics education in undergraduate accounting programs". This funding has resulted in one research paper. 
  • 2004-2009 Department Research Grants totaling approximately $30 000
    This funding has supported a number of research projects, resulting in published and working papers, and conference and seminar presentations.
  • 1999 ARC Research Infrastructure (Block Grants) Program Grant, $15,000.
  • 1989, 1991 Coopers and Lybrand Research Grants totaling $4 300.
  • 1987-1998 Macquarie University Research Grant and Departmental Research Grants totaling $12 180.

Research awards

Awards

  • Service to Academia, Faculty of Business and Economics, Macquarie University, 2013.

Research Papers

  • Research Student Prize from Accounting Research Journal, 2009
  • Best paper award at AFAANZ Conference, 2010.

Service

  • Outstanding Service to the University, 2007

Current projects

  • Adrian C., Wright S. and Butcher K., "The Impact of Compulsory Audit Tendering on Earnings Management: Public Sector Evidence", presented at University of Western Australia, and University of Western Sydney in 2011.
  • Adrian C., Wright S. and Kilgore A., "Relative Importance Of Corporate Governance Attributes: Evidence From Corporate Shareholders", presented at AFAANZ Conference 2014.
  • Chen X., Wright S. and Wu H., "The Effect of Increasing Intensity of Exploration Activity on Analysts' Forecasts"
  • Handley K., Evans E. and Wright S., "The Information Needs Of Users Of SME Financial Statements In Australia", presented at AFAANZ Conference 2014.
    He L., Evans E. and Wright S., "The Decision Usefulness of Fair Value for Future Cash Flows"
  • He L., Wright S. and Evans E., "Opportunity Provided In IAS 41 For Earnings Management: Australian Evidence" presented at AFAANZ Conference 2014
  • Kilgore A., Martinov-Bennie N. and Wright S., "The Drivers of Audit Quality: Evidence from CFOs", presented at EAA 2014 and Macquarie University Department of Accounting and Corporate Governance Research Seminar 2014.
  • Ma Y., Kilgore A. and Wright S., "The Relative Impact of Mandatory versus Voluntary Formation of Audit Committees ", presented at Financial Markets and Corporate Governance Conference and AFAANZ Conference in 2012. This paper was listed on SSRN's Top Ten download list in November 2012 and was downloaded 43 times.
  • Magee S., Sheedy E. and Wright S., "Reforming the Governance of Financial Institutions: A Progress Report", presented at Deakin University 2013 and UNSW Finance and Banking Conference 2013.
  • Thomas A.-M., Wu H. and Wright S., "Signalling the uncertainty of future economic benefits: Evidence from R&D capitalisation choices", presented at CAAA, Australian National University and AFAANZ Conference 2011.
  • Thomas A.-M., Wu H. and Wright S., "Expensing R&D and the scale benefits of R&D investment", presented at AFAANZ Conference 2014

Publications

journal toggle icon open Refereed Journal Articles

  • Cummings J and Wright S (2016) "Effects of higher capital requirements on the funding costs of Australian banks", The Australian Economic Review (forthcoming)
  • Dyball M, Wang F. and Wright S. (2015),"(Dis)Engaging with Sustainability: Evidence from an Australian Business Faculty", Accounting, Auditing and Accountability Journal, 28,1:69-101.
  • Chugh S, Fargher N and Wright S (2014) "Cross-Listing as a Global Depository Receipt: The influence of emerging markets, regulation, and accounting regime", Journal of Contemporary Accounting & Economics, 10,3: 262-276
  • Choi S.K., Chen X., Wright S. and Wu H. (2014), "Analysts Forecasts Following Forced CEO Changes", Abacus, 50, 2: 146-173
  • Adrian C., Wright S. and Kilgore A. (2013), "Corporate Governance: What Matters Most to Directors", JASSA, 3: 17-22
  • Tweedie D., Dyball M., Hazelton J. and Wright S. (2013), "Teaching Global Ethical Standards: A Case and Strategy For Broadening the Accounting Ethics Curriculum", Journal of Business Ethics, 115:1, 1-15.
  • Potter B., Ravlic T. and Wright S. (2013), "Developing Accounting Regulations that Reflect Public Viewpoints: The Australian Solution to Differential Reporting", Australian Accounting Review, 64, 23:1, 18-28.
  • Wright S., Dyball M., Byers, P. and Radich, R. (2012), "Preparing Students for an International Career: The Case for Contextualising and Integrating Ethics Education", Asian Social Science, 8, 4, 97-108.
  • Kang W., Kilgore A. and Wright S. (2011), "The effectiveness of audit committees for low and mid-cap firms", Managerial Auditing Journal, 26, 7, 623-650.
  • Wright S., Byers P., Dyball M., Hazelton J. and Radich R. (2011), "Engaging Staff in Curriculum Change: Reflections from an Accounting Ethics Initiative", Asian Social Science, 7, 11, 93-99.
  • Cheung E., Evans E. and Wright S. (2010), "An historical review of quality in financial reporting in Australia", Pacific Accounting Review, 22, 2, 147-169.
  • Wu, H., Fargher, N. and Wright, S. (2010), "Accounting for Investments and the Relevance of Losses to Firm Value", The International Journal of Accounting, 45, 104-127.
  • Chen I.R., Dyball M.C. and Wright S. (2009) "The Link Between Board Composition and Corporate Diversification in Australian Corporations", Corporate Governance: An International Journal, 17, 2, 208-223.
  • Lau J.C., Sinnadurai P. and Wright S. (2009) "Corporate governance and CEO dismissal following poor performance: Australian evidence", Accounting and Finance, 49, 1, 161-182.
  • He L., Wright S., Evans E. and Crowe S. (2009) "What Makes a Board Independent? Australian evidence", Accounting Research Journal, 22, 2, 144-166.(This paper won the journal's prize for best paper by a research student)
  • Lau B., Proimos A. and Wright S. (2008), "Accounting measures of operating performance outcomes for Australian mergers", Journal of Applied Accounting Research, 9, 3, 168-180.
  • Cheung E., Evans E. and Wright S. (2008), "How the adoption of AIFRS affects entities that report intangible assets", Australian Accounting Review, 46, 18, 3, 248 - 256.
  • Chen R., Dyball M. and Wright S. (2008), "Corporate strategy - does it matter who sits on the board?" Keeping good companies, 60, 6, July, 330-332.Republished in Corporate Governance Quarterly (Institute of Chartered Secretaries Canada), 2008, 23-25
  • Sadeghi M. and Wright S. (2007), "Can FDI be encouraged? An analysis of Iran's future economic prospects", International Economics and Finance Journal, 2, 1, 43-61
  • Cui, T., Wright, S. and Evans, E. (2007), "Does better corporate governance make a difference to company value and performance?" Keeping Good Companies (Journal of Chartered Secretaries Association), 59, 10, 582-585
  • Cui, T., Evans, E. and Wright, S. (2007), "Who uses small and medium-sized enterprises financial statements and for what purposes?" Charter (Journal of Institute of Chartered Accountants in Australia), 1, 68-69
  • He, L, Wright, S. and Evans, E. (2007), "Does better corporate governance result in lower earnings management?" Keeping Good Companies (Journal of Chartered Secretaries Association), 6, 330-334
  • Wright S., Baker P. and Perera S. (2006), "Determinants of Student Performance in Intermediate Accounting Subjects", Australian Journal of Accounting Education, 2, 1, 1 - 28
  • Proimos A. and Wright S. (2005), "A Pilot Study of Venture Capital Investment Appraisal in Australia", Journal of Financial Services Marketing, 9, 3, 272 - 286
  • Hobbes G. and Wright S. (2004), "The non-linearity of the returns/earnings association", Accounting Research Journal, 17, 2, 156-163
  • Wright S. (2004), "Accounting for Intangible Assets in Australia: ED109", Accounting Research Journal, 17, 1, 32- 42
  • Watts E. and Wright S. (2004), "The Usefulness of Accounting Data and Share Returns:  The Case of Bank Supervision in Australia", Macquarie Research in Accounting and Finance, December, 1-37
  • Wright S., (2002), "Called to Account in the Valuation Debate", Journal of Banking + Financial Services (Journal of Australian Institute of Bankers), August, 24-26
  • Wright S., (1999), "The Development of the Australian Banking Industry", Australian Banker (Journal of Australian Institute of Bankers), 18-21
  • Magennis D., Watts E. and Wright S. (1998), "Convertible Notes: The Debt Versus Equity Classification Problem", Multinational Finance Journal, 8,  2-3, 303-315
  • Wright S. (1989), "The Future of the Market for Mortgage-Backed Securities in Australia", Economic Papers, 8, 1, March, 12-25

publications toggle icon open Industry Publications

  • Chen R., Dyball M. and Wright S. (2008), "Corporate strategy - does it matter who sits on the board?" Keeping good companies, 60, 6, July, 330-332.
    Republished in Corporate Governance Quarterly (Institute of Chartered Secretaries Canada), 2008, pp. 23-25.
  • Cui, T., Wright, S. and Evans, E. (2007), "Does better corporate governance make a difference to company value and performance?" Keeping Good Companies (Journal of Chartered Secretaries Association), 59, 10, 582-585.
  • Cui, T., Evans, E. and Wright, S. (2007), "Who uses small and medium-sized enterprises financial statements and for what purposes?" Charter (Journal of Institute of Chartered Accountants in Australia), 1, 68-69.
  • He, L, Wright, S. and Evans, E. (2007), "Does better corporate governance result in lower earnings management?" Keeping Good Companies (Journal of Chartered Secretaries Association), 6, 330-334.
  • Watts E. and Wright S. (2004), "The Usefulness of Accounting Data and Share Returns:  The Case of Bank Supervision in Australia", Macquarie Research in Accounting and Finance, December, 1-37.
  • Wright S., (2002), "Called to Account in the Valuation Debate", Journal of Banking + Financial Services (Journal of Australian Institute of Bankers), August, 24-26.
  • Wright S., (1999), "The Development of the Australian Banking Industry", Australian Banker (Journal of Australian Institute of Bankers), 18-21.

books toggle icon open Books

Text Books

  • Business Analysis and Valuation Using Financial Statements, Palepu K, Healy P, Wright S, Bradbury M and Lee P, Cengage Learning, 2010
  • Fundamentals of Investing, Gitman LJ, Joehnk MD, Juchau RH, Wheldon BJ and Wright SJ, Pearson Education Australia, First, Second and Third Editions, 2000, 2004 and 2011
  • CD Rom to accompany Fundamentals of Investing, Gitman LJ, Joehnk MD, Juchau RH, Wheldon BJ and Wright SJ, Pearson Education Australia, First and Second Editions, 2001 and 2004, including Solutions Manual prepared by Juchau, Wheldon and Wright
  • An Introduction to Accounting, Martin CA, McGraw-Hill, Third and Fourth Editions, 1990 and 1994, and accompanying Solutions Manuals.
  • Study Guide for An Introduction to Accounting, Martin CA, McGraw-Hill, Third and Fourth Editions, 1990 and 1994.
  • Extracts from An Introduction to Accounting, Martin CA, McGraw-Hill, Third and Fourth Editions, 1990 and 1994.

chapters toggle icon open Book Chapters

Bridging Accounting Research and Practice: A Value Adding Endeavour, Chalmers K. And Wright S., in "Bridging the Gap between Academic Accounting Research and Professional Practice" ed. Evans E., Burritt R. and Guthrie J., published by University of South Australia Centre for Accounting, Governance and Sustainability, and the Institute of Chartered Accountants in Australia, 2011.

The Future for Accounting Academics in Australia, Wright S. and Chalmers K., in "Accounting Education at a Crossroad in 2010" ed. Evans E., Burritt R. and Guthrie J., published by University of South Australia Centre for Accounting, Governance and Sustainability, and the Institute of Chartered Accountants in Australia, 2010.

Professional Membership

  • Member AFAANZ of: Accounting and Finance Association of Australia and New Zealand, Melbourne Australia
  • Member, AAA of: American Accounting Association, US
  • Member, EAA of: European Accounting Association

Affiliations / activities

National Service to the Academic Community

A/Prof Wright is a past Australian President of AFAANZ (Accounting and Finance Association of Australia and New Zealand), from 2011 to 2013. She was a director of AFAANZ since 2005.

In addition, A/Prof Wright has previously served as a key member of the organizing committee for two separate international conferences, the Asian Academic Accounting Association Conference in 2006, and the Emerging Financial Markets and Services Conference, held in Sydney in May 2004.

International Service to the Academic Community

A/Prof Wright was a member of the Consultative Advisory Group to the IFAC (International Federation of Accountants) board, IAESB (International Accounting Education Standards Board), as the Australasian representative on a select group of 15 academics and professional accountants from around the globe. She is currently the (sole) Australian Representative on the Board of the European Accounting Association.

Service

Outstanding Service to the University 2007.


phd supervision toggle icon open PhD Student Supervision

Completed

  • Christofer Adrian, Perceptions of Corporate Governance in Australia,commenced 2011. I am the primary supervisor.
  • Stanley Ka-Wai Choi, Analysts Forecasts and Disclosure in Australia,commenced 2011. I am the primary supervisor.
  • Steven Hai Wu, Valuation of Loss Firms, completed at ANU in 2011.
  • Karen Handley, Accounting for SME's in Australia, completed in 2013.
  • James Lau, Family Firms, completed in 2014.
  • Shrutika Chugh, Cross-Listing as ADRS and GDRs,completed at ANU in 2014.
  • Charlene Chen, Analysts Forecasts in Australia, commenced 2005, completed in 2014.
  • Esther Cheung, Readability of financial reports and IFRS adoption in Australia, completed in 2014.

Current

  • Colly LiYu He, Valuation of Agricultural Firms and Fair Value Accounting,commenced 2008. I am the primary supervisor.
  • Brian Millanta, Real Earnings Management in Australia, commenced 2010. I am the primary supervisor.
  • Shauna Ferris, Financial Institutions in Australia, commencing 2014.
  • Rosalie de Gabriele, Governance of Superannuation in Australia, commencing 2014.