Dr Bobae Choi

Dr Bobae Choi

Senior Lecturer - Accounting

Newcastle Business School (Accounting and Finance)

Career Summary

Biography

Bo is a senior lecturer in financial accounting. Her research interests lie in areas of financial reporting, corporate finance and corporate governance. Her main research theme is the impact of information asymmetry and corporate reporting on capital markets. Her papers have been published in high quality A/A* journals including Contemporary Accounting Research, European Accounting Review and Corporate Governance: An International Review. She also has served as an academic reviewer for multiple A/A* journals including Journal of Business Ethics, European Accounting Review, Corporate Governance: An International Review,Accounting and Finance, Journal of Business, Finance & Accounting and Journal of Business Research. 

Since she joined the University of Newcastle in 2009, Bo has been teaching intermediate financial accounting, introductory accounting and financial statement analysis courses at both undergraduate and postgraduate levels.

Research Expertise
Financial reporting, Earnings Management, CEO compensation, Corporate governance & Corporate Social Responsibility. 

Collaborations
Bo has been involved in a number of collaborative research projects and successfully received several research grants. She has been working with academics within and outside Australia from various leading research institutions in the US, Singapore and South Korea.

Qualifications

  • PhD, Korea Advanced Institute of Science and Technology
  • Bachelor of Science, Korea Advanced Institute of Science and Technology
  • Master of Science, Korea Advanced Institute of Science and Technology

Keywords

  • CEO compensation
  • CSR
  • Corporate Governance
  • Earnings Management
  • Financial Accounting
  • Voluntary Disclosure

Languages

  • Korean (Fluent)

Fields of Research

Code Description Percentage
150199 Accounting, Auditing and Accountability not elsewhere classified 50
150299 Banking, Finance and Investment not elsewhere classified 50

Professional Experience

UON Appointment

Title Organisation / Department
Senior Lecturer - Accounting University of Newcastle
Newcastle Business School
Australia
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Publications

For publications that are currently unpublished or in-press, details are shown in italics.


Journal article (8 outputs)

Year Citation Altmetrics Link
2018 Nguyen VH, Agbola F, Choi B, 'Does corporate social responsibility reduce information asymmetry? Empirical evidence from Australia', AUSTRALIAN JOURNAL OF MANAGEMENT, (2018)
DOI 10.1177/0312896218797163
Co-authors Frank Agbola
2017 Choi B, Kim JB, 'The Effect of CEO Stock-Based Compensation on the Pricing of Future Earnings', European Accounting Review, 26 651-679 (2017) [C1]

© 2016 European Accounting Association. This paper examines whether CEO stock-based compensation has an effect on the market¿s ability to predict future earnings. When stock-based... [more]

© 2016 European Accounting Association. This paper examines whether CEO stock-based compensation has an effect on the market¿s ability to predict future earnings. When stock-based compensation motivates managers to share their private information with shareholders, it will expedite the pricing of future earnings in current stock prices. In contrast, when equity-compensated managers attempt to temporarily manipulate the stock price to maximize their own benefit rather than that of shareholders, the market may not fully anticipate future performance. We find that a CEO¿s stock-based compensation strengthens the association between current returns and future earnings, indicating that more information about future earnings is reflected in current stock prices. In addition, we find that the positive effect is weaker for firms that have a high level of signed discretionary accruals or a low management forecast frequency. Overall, our study suggests that on average, equity-based compensation improves the informativeness of stock prices about future earnings, while opportunistic discretionary accruals or lowered earnings guidance hamper this improvement.

DOI 10.1080/09638180.2016.1175364
2015 Choi BB, Jung K, Lee D, 'Trading Behavior Prior to Public Release of Analyst Reports: Evidence from Korea', Contemporary Accounting Research, 32 105-138 (2015) [C1]
DOI 10.1111/1911-3846.12090
Citations Scopus - 3Web of Science - 3
Co-authors Doowon Lee
2014 Choi Bobae, Kang J, Lee D, 'Determinants and market implications of differentiated dividends in Korea', International Journal of Managerial Finance, 10 453-469 (2014) [C1]
DOI 10.1108/IJMF-11-2012-0116
Co-authors Doowon Lee
2013 Choi BB, Lee D, Psaros J, 'An analysis of Australian company carbon emission disclosures', Pacific Accounting Review, 25 58-79 (2013) [C1]
DOI 10.1108/01140581311318968
Citations Scopus - 23Web of Science - 9
Co-authors Jim Psaros, Doowon Lee
2013 Choi BB, Lee D, Park Y, 'Corporate Social Responsibility, Corporate Governance and Earnings Quality: Evidence from Korea', CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 21 447-467 (2013) [C1]
DOI 10.1111/corg.12033
Citations Scopus - 38Web of Science - 26
Co-authors Doowon Lee
2010 Sohn W, Choi BB, 'An equity market perspective on the Korean financial crisis', Global Economic Review, 39 83-90 (2010) [C1]
DOI 10.1080/12265081003696403
2008 Choi BB, Jung K, 'Analyst Following, Institutional Investors and Pricing of Future Earnings: Evidence from Korea', Journal of International Financial Management and Accounting, 19 261-286 (2008) [C1]
DOI 10.1111/j.1467-646X.2008.01024.x
Citations Scopus - 1Web of Science - 1
Show 5 more journal articles

Conference (6 outputs)

Year Citation Altmetrics Link
2017 Choi B, Luo L, 'Does the Market Value Greenhouse Gas Emissions? Evidence from Multicountry Firm Data', The 2017 annual symposium of The International Journal of Accounting in Limassol, Cyprus, Limassol, Cyprus (2017)
Co-authors Laura Luo
2015 Seamer MJ, Choi B, Lee D, 'The Relationship Between Corporate Governance and Firm Enterprise Risk Management Practice', Glasgow, Scotland (2015) [E3]
Co-authors Doowon Lee, Michael Seamer
2015 Choi B, Melia A, Psaros J, 'Earnings Management, Voluntary Disclosures and the Introduction of An Australian Carbon Trading Scheme', Glasgow (2015) [E3]
Co-authors Adrian Melia, Jim Psaros
2014 Choi B, Kim JB, 'The Effect of CEO Stock-Based Compensation on Price Informativeness', Bali, Indonesia (2014)
2009 Choi BB, Lee D, Jung K, 'Trading behavior before the public release of analysts' reports', Asian Finance Association 2009 International Conference: Conference Program, Brisbane, QLD (2009) [E1]
Co-authors Doowon Lee
2009 Choi BB, Kang J, Lee D, 'Catering incentives and differentiated dividend in Korea', Journal of Corporate Finance Special Conference on Emerging Markets, Beijing, China (2009) [E1]
Co-authors Doowon Lee
Show 3 more conferences
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Grants and Funding

Summary

Number of grants 8
Total funding $224,767

Click on a grant title below to expand the full details for that specific grant.


20182 grants / $31,000

Calibrating a local volatility surface and pricing exotic options$15,500

Funding body: Stage Inc

Funding body Stage Inc
Project Team Doctor Bobae Choi, Doctor Doowon Lee
Scheme Research Grant
Role Lead
Funding Start 2018
Funding Finish 2018
GNo G1800887
Type Of Funding C3211 - International For profit
Category 3211
UON Y

Matched Industry Project Funding$15,500

Matched Industry Project funding has been approved for the following project.

Stage Limited – Financial Prediction Software Proofing 

Funding body: Faculty of Business and Law - Industry Matching Grant

Funding body Faculty of Business and Law - Industry Matching Grant
Project Team

Doowon Lee and Bobae Choi

Scheme Faculty Matching Grant Scheme
Role Investigator
Funding Start 2018
Funding Finish 2018
GNo
Type Of Funding Internal
Category INTE
UON N

20162 grants / $24,000

Market Efficiency and Corporate Governance Studies$20,000

Funding body: Faculty of Business and Law, The University of Newcastle

Funding body Faculty of Business and Law, The University of Newcastle
Scheme Priority Initiative Research Funding
Role Investigator
Funding Start 2016
Funding Finish 2016
GNo
Type Of Funding Internal
Category INTE
UON N

The impact of institutional ownership on executive compensation: Australian evidence$4,000

Funding body: Accounting & Finance Association of Australia and New Zealand Ltd

Funding body Accounting & Finance Association of Australia and New Zealand Ltd
Project Team Doctor Bobae Choi, Doctor Doowon Lee
Scheme Small Research Consultancy
Role Lead
Funding Start 2016
Funding Finish 2016
GNo G1601093
Type Of Funding C3111 - Aust For profit
Category 3111
UON Y

20131 grants / $150,000

The Centre for Market Efficiency and Corporate Governance Studies$150,000

Funding body: Faculty of Business and Law, University of Newcastle

Funding body Faculty of Business and Law, University of Newcastle
Scheme Priority Research Initiatives
Role Investigator
Funding Start 2013
Funding Finish 2015
GNo
Type Of Funding Internal
Category INTE
UON N

20111 grants / $9,974

Coming to Newcastle: Ensuring a Smooth Transition for International Students in Articulation Programs$9,974

Funding body: Centre for TEaching and Learning Newcastle University

Funding body Centre for TEaching and Learning Newcastle University
Scheme University Teaching and Learning Project Grant
Role Investigator
Funding Start 2011
Funding Finish 2011
GNo
Type Of Funding Internal
Category INTE
UON N

20101 grants / $4,793

An Assessment of the Quality and Market Implications of Carbon Emission Disclosure by Australian Listed Public Companies$4,793

Funding body: Accounting & Finance Association of Australia and New Zealand Ltd

Funding body Accounting & Finance Association of Australia and New Zealand Ltd
Project Team Doctor Bobae Choi, Doctor Doowon Lee, Emeritus Professor Jim Psaros
Scheme Small Research Consultancy
Role Lead
Funding Start 2010
Funding Finish 2010
GNo G1000971
Type Of Funding Grant - Aust Non Government
Category 3AFG
UON Y

20091 grants / $5,000

A Compilation and Assessment of the Carbon Emission Disclosures of Australian Listed Public Companies$5,000

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Doctor Bobae Choi
Scheme New Staff Grant
Role Lead
Funding Start 2009
Funding Finish 2009
GNo G0190606
Type Of Funding Internal
Category INTE
UON Y
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Research Supervision

Number of supervisions

Completed0
Current6

Current Supervision

Commenced Level of Study Research Title Program Supervisor Type
2018 PhD Pay Disparity and Firm Performance: Do Human Capital and Compensation Committee Quality Matter? PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2017 PhD Carbon Management System and Firm Economic Performance PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Principal Supervisor
2017 PhD Remuneration Committee Characteristics and CEO compensation in Australia PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Principal Supervisor
2015 PhD Corporate Governance Practice and Islamic Principles in Saudi Arabia PhD (Management), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2015 PhD Corporate Social Responsibility, Information Asymmetry, Debt Maturity And Firm Performance Of Australian Publicly Listed Firms PhD (Economics), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2013 PhD Corporate Governance and Voluntary Corporate Disclosure: An Empirical Investigation of CSR Disclosure in the Singaporean Banking Sector PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
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News

Female researchers sponsored in academic journey

November 22, 2018

Seven promising University of Newcastle researchers are helping to pave the way for their female peers, as recipients of a Women in Research (WIR) Fellowship designed to support the development of their academic careers.

Dr Bobae Choi

Position

Senior Lecturer - Accounting
Newcastle Business School
Faculty of Business and Law

Focus area

Accounting and Finance

Contact Details

Email bobae.choi@newcastle.edu.au
Phone (02) 4921 5011
Fax (02) 4921 7398

Office

Room X-650
Building NeW Space
Location City Campus

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