Dr Lily Chen

PhD, BCom (Hons)

Biography

Lily Chen is a senior lecturer in Accounting at the University of Auckland Business School. Her PhD was completed at the University of Auckland in 2012 and was placed on the Dean’s List. Her research interests are in the areas of financial reporting and disclosure, financial analysts, corporate governance, corporate social responsibility, and integrated reporting. She has attended and presented at various national and international conferences and has gained recognition in the academic community. Examples include Best Paper awards at several conferences; invited presentations at Universitas 21 PhD conference and research seminars at UTS and University of Queensland; Faculty and external research grants in 2010, 2012, 2013, and 2015. She has also provided voluntary reviewer/referee service to several conferences and journals. She teaches undergraduate and postgraduate financial accounting courses.

Research | Current

Corporate Social Responsibility

  • Funded by FRDF (2012-2014, $12000)

  • How does social norm travel within U.S.? Evidence from shareholder activism. Accepted to be presented at the American Accounting Association (AAA), Chicago, August 2015

Disclosure – Integrated Reporting

  • Funded by FRDF (2015, $18437) and Chartered Institute of Management Accountants (CIMA) (2015, $7250)

  • The Economic Consequences of Mandatory Integrated Reporting: Early Evidence. Presented at annual meeting of European Accounting Association 2016

  • Integrated Reporting Quality and Investment Efficiency: Early Evidence from a Mandatroy Setting. Presented at annual conference of AFAANZ 2016

Disclosure – IPO prospectuses

  • IPO prospectus forecast accuracy in New Zealand: Variances and explanations. Presented at Auckland Regional Accounting Conference 2015.

Financial Reporting

  • Debt Covenant Violations and Earnings Management: Recent Evidence from Australian Listed Firms. Presented at annual conference of AFAANZ 2016

Financial Analysts

  • Funded by FRDF (2013-2015, $40,000)

  • Financial analyst underreaction and reputation

Teaching | Current

  • ACCTG 371 Financial Statement Analysis: 2018, 2017, 2016, 2015, 2014, 2013
  • ACCTG 711 Financial Accounting Research: 2018, 2017, 2016
  • ACCTG 771 Accounting Information and Capital Markets: 2016
  • BUSMGT 733 Analysing Financial Statements - Guest Lecture 2016, 2014
  • ACCTG 311 Financial Accounting: 2015, 2014, 2013, 2012

Postgraduate supervision

PhD dissertation supervision 

  • Yan (Jane) Qin. March 2017 - present
  • Terry Li. January 2017 - present
  • Nishaal Prasad. June 2016 - present
  • Jingwen Mu: Firms' choices to cross-list stocks on the U.S. and the U.K. markets. January 2013 - August 2014

MCom thesis supervision

  • Hannah Trotman. December 2017 - present
  • Denholm Miller: The Lemon Problem: Does Forecasting Error Cause Management to Manipulate Qualitative Reports? March 2017 - November 2017
  • Mu Yang: Earnings management and the impact of Basel III on the Chinese banking industry. February 2016 - February 2017
  • Xu Jenny Sun: The association between internal control and corporate governance. July 2013 – August 2014

BCom (Hons) dissertation supervision

  • Hannah Trotman: Equity incentives and investment levels. July 2017 - November 2017
  • Denholm Miller: Does the media play a role in the earnings management behaviour of firms in the midst of an SEO? July 2016 - November 2016
  • Rohit Tirumazhisai Anundh: Managing efficiency and financial efficiency as a result of debt choices. July 2015 - November 2015
  • Jingyuan Zhuang: IPO prospectus forecast accuracy in New Zealand: Variances and explanations. July 2015 - November 2015
  • Sabita Nayak: Measuring the impact of the Sarbanes-Oxley Act on financial statement analysis - A data envelopment analysis approach.July 2014 - November 2014
  • Zhenxiang Tan: Analyst underreaction to earnings releases: A perspective of financial analyst response to earnings management. July 2013 - November 2013

Distinctions/Honours

2015   FRDF research grant ($18,437) as principal investigator

2015   The Accounting and Finance Department Staff Award - Outstanding Contribution Award

2015   The Business School Teaching Excellence Award – Early Career Teaching Excellence

2015   CIMA Research Grant ($7,424) as associate investigator

2014    Best Paper award in the CSR category at the Accounting and Finance Association of   Australia and New Zealand Annual Conference

2013    FRDF research grant ($12,000) as principal investigator

2013    Best Paper award in the CSR category at the Accounting and Finance Association of Australia and New Zealand Annual Conference

2012    Dean’s List (PhD dissertation), University of Auckland

2012    Invited presentation at the Universitas 21 Doctoral Research Conference in Business (U21 DRCB), University of Connecticut, Hartford, Connecticut

2010    Conference-related travel grant as part of the Warwick Hunt Award

2010    Invited presentation at 2010 UTS Accounting Research Consortium that provided financial support for a return airfare and accommodation

2009    Best Paper Award with prize at the University of Auckland Business School PhD conference

2009    Doctoral Scholarship, University of Auckland

2007    Inducted as a member to Beta Gamma Sigma Honors Society

2006    Business School Summer Scholarship, University of Auckland

2006    Business School Postgraduate Scholarship, University of Auckland

2006    Postgraduate Tuition Fees Bursary, University of Auckland

Areas of expertise

My research focuses on the impact of financial information and non-financial information on equity capital markets. I use quantitative research methodology and archival or hand collected data. My research has examined issues regarding financial reporting and disclosures, financial analysts, corporate governance, corporate social responsibility, and integrated reporting.

Committees/Professional groups/Services

Committee memeber of Board of Postgraduate Studies, Faculty of Business and Economics: 2016, 2015, 2014, 2013

Director of BCom (Hons) and MCom Programmes, Department of Accounting and Finance: 2016, 2015, 2014, 2013

Committee member of BCom (Hons) programme Review Committee, Department of Accounting and Finance: 2016, 2015

Committee member of 2015 Hons Reunion Committee, Department of Accounting and Finance: 2015, 2014

 

Selected publications and creative works (Research Outputs)

  • Chen, L., Hay, D., & Zhuang, J. (2018). Initial public offering prospectus forecast errors and mandatory explanations: evidence from New Zealand. Accounting and Finance10.1111/acfi.12428
    URL: http://hdl.handle.net/2292/46326
    Other University of Auckland co-authors: David Hay
  • Chan, K. K. Y., Chen, L., & Wong, N. (2018). New Zealand State-owned enterprises: Is state-ownership detrimental to firm performance?. New Zealand Economic Papers, 52 (2), 170-184. 10.1080/00779954.2016.1272626
    URL: http://hdl.handle.net/2292/40524
    Other University of Auckland co-authors: Norman Wong
  • Barth, M., Cahan, S., Chen, L., & Venter, E. (2017). The economic consequences associated with integrated report quality: Capital market and real effects. Accounting, Organizations and Society, 62, 43-64. 10.1016/j.aos.2017.08.005
    URL: http://hdl.handle.net/2292/48195
    Other University of Auckland co-authors: Steven Cahan
  • Cahan, S. F., Chen, C., & Chen, L. (2017). Social Norms and CSR Performance. Journal of Business Ethics, 145 (3), 493-508. 10.1007/s10551-015-2899-3
    Other University of Auckland co-authors: Steven Cahan
  • Cahan, S., Chen, L., & Venter, E. (2016). Integrated Report Quality and Investment Efficiency: Early Evidence from a Mandatory Setting. Paper presented at The Accounting and Finance Association of Australia and New Zealand 2016 Annual Conference, Gold Coast, Australia. 3 July - 5 June 2016. Related URL.
    Other University of Auckland co-authors: Steven Cahan
  • Wong, J., Wong, N., Li, Y., & Chen, L. (2016). Sustainability assurance: An emerging market for the accounting profession. Pacific Accounting Review, 28 (3).10.1108/PAR-11-2014-0038
    Other University of Auckland co-authors: Norman Wong, Willow Yangliu Li
  • Cahan, S. F., Chen, C., Chen, L., & Nguyen, N. H. (2015). Corporate social responsibility and media coverage. JOURNAL OF BANKING & FINANCE, 59, 409-422. 10.1016/j.jbankfin.2015.07.004
    Other University of Auckland co-authors: Steven Cahan
  • Cahan, S., Chen, C., & Chen, L. (2015). How does social norm travel within U.S.? Evidence from shareholder activism.. Paper presented at AAA Annual Meeting 2015, Chicago, U.S.. 8 August - 12 August 2015. Related URL.
    Other University of Auckland co-authors: Steven Cahan

Identifiers

Contact details

Primary office location

OWEN G GLENN BUILDING - Bldg 260
12 GRAFTON RD
AUCKLAND 1010
New Zealand

Web links