Dr Bobae Choi
Senior Lecturer - Accounting
Newcastle Business School (Accounting and Finance)
- Email:bobae.choi@newcastle.edu.au
- Phone:(02) 4921 5011
Career Summary
Biography
Bobae 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, Economic Modelling and Journal of Business Research.
Since she joined the University of Newcastle in 2009, Bobae has been teaching intermediate financial accounting, introductory accounting and financial statement analysis courses at both undergraduate and postgraduate levels.
Research ExpertiseFinancial reporting, Earnings Management, CEO compensation, Corporate governance & Corporate Social Responsibility.
Collaborations
Bobae 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)
- English (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 |
Professional appointment
| Dates | Title | Organisation / Department |
|---|---|---|
| 23/9/2019 - | Director, Post Graduate Studies | Faculty of Business and Law University of Newcastle Australia |
| 22/1/2017 - 18/2/2018 | Assistant Program Convenor, Bachelor of Commerce | Faculty of Business and law, The University of Newcastle Australia |
| 19/1/2018 - | Program Convenor, Bachelor of Commerce | Faculty of Business and law, The University of Newcastle Australia |
Awards
Professional
| Year | Award |
|---|---|
| 2018 |
Faculty Excellence in Teaching Award Faculty of Business & Law, The University of Newcastle |
Publications
For publications that are currently unpublished or in-press, details are shown in italics.
Journal article (12 outputs)
| Year | Citation | Altmetrics | Link | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 |
Choi B, Luo L, Shrestha P, 'The value relevance of carbon emissions information from Australian-listed companies', AUSTRALIAN JOURNAL OF MANAGEMENT, (2020)
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| 2020 |
Nguyen VH, Choi B, Agbola FW, 'Corporate social responsibility and debt maturity: Australian evidence', Pacific Basin Finance Journal, 62 (2020) © 2020 This study investigates the relationship between corporate social responsibility (CSR) and debt maturity. After controlling for other determinants of debt maturity, we find... [more] © 2020 This study investigates the relationship between corporate social responsibility (CSR) and debt maturity. After controlling for other determinants of debt maturity, we find that socially responsible firms exhibit longer debt maturity than other firms, supporting the view that CSR facilities firms' access to long-term debts. Further analysis shows that the effect of CSR on debt maturity is stronger for firms operating in the mining industry and firms with a higher level of information asymmetry. Our findings are robust to alternative variable measurements as well as endogeneity and sample selection bias controls.
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| 2020 |
Choi BB, Luo L, 'Does the market value greenhouse gas emissions? Evidence from multi-country firm data', The British Accounting Review, (2020)
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| 2019 |
Nguyen VH, Agbola FW, Choi B, 'Does corporate social responsibility reduce information asymmetry? Empirical evidence from Australia', AUSTRALIAN JOURNAL OF MANAGEMENT, 44 188-211 (2019) [C1]
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| 2018 |
Choi B, Lee D, Seamer M, 'Australian Enterprise Risk Management Practices and Corporate Governance', Company and Securities Law Journal, 36 404-433 (2018) [C1]
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| 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.
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| 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]
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| 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]
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| 2013 |
Choi BB, Lee D, Psaros J, 'An analysis of Australian company carbon emission disclosures', Pacific Accounting Review, 25 58-79 (2013) [C1]
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| 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]
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| 2010 |
Sohn W, Choi BB, 'An equity market perspective on the Korean financial crisis', Global Economic Review, 39 83-90 (2010) [C1]
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| Show 9 more journal articles | |||||||||||
Conference (5 outputs)
| Year | Citation | Altmetrics | Link | ||
|---|---|---|---|---|---|
| 2015 |
Seamer MJ, Choi B, Lee D, 'The Relationship Between Corporate Governance and Firm Enterprise Risk Management Practice', Glasgow, Scotland (2015) [E3]
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| 2015 |
Choi B, Melia A, Psaros J, 'Earnings Management, Voluntary Disclosures and the Introduction of An Australian Carbon Trading Scheme', Glasgow (2015) [E3]
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| 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]
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| 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]
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| Show 2 more conferences | |||||
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 |
Research Supervision
Number of supervisions
Current Supervision
| Commenced | Level of Study | Research Title | Program | Supervisor Type |
|---|---|---|---|---|
| 2020 | PhD | The Role of Non-Executive Directors and SME Performance in Uganda | PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle | Co-Supervisor |
| 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 |
| 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 |
Past Supervision
| Year | Level of Study | Research Title | Program | Supervisor Type |
|---|---|---|---|---|
| 2019 | 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 |
| 2017 | Honours | The Value Relevance of R&D Expenditure before and after IFRS: Evidence from Australia | Accounting, University of Newcastle | Principal Supervisor |
| 2016 | Honours | Value Relevance of Carbon Emission Information in Australian Listed Companies | Accounting, University of Newcastle | Principal Supervisor |
| 2015 | Professional Doctorate | The Effectiveness of Independent Non-Executive Directors in Hong Kong Listed Companies | Bankng,Finance & Relatd Fields, Newcastle Business School | University of Newcastle | Australia | Co-Supervisor |
| 2015 | Professional Doctorate | An Analysis of the Effect of Mandatory Adoption of Hong Kong Accounting Standards/Hong Kong Financial Reporting Standards on Earnings Management | Accounting, University of Newcastle | Principal Supervisor |
Research Collaborations
The map is a representation of a researchers co-authorship with collaborators across the globe. The map displays the number of publications against a country, where there is at least one co-author based in that country. Data is sourced from the University of Newcastle research publication management system (NURO) and may not fully represent the authors complete body of work.
| Country | Count of Publications | |
|---|---|---|
| Australia | 11 | |
| Korea, Republic of | 5 | |
| Singapore | 1 | |
| Viet Nam | 1 |
News
Female researchers sponsored in academic journey
November 22, 2018
Dr Bobae Choi
Position
Senior Lecturer - Accounting
Newcastle Business School
Faculty of Business and Law
Focus area
Accounting and Finance
Contact Details
| bobae.choi@newcastle.edu.au | |
| Phone | (02) 4921 5011 |
| Fax | (02) 4921 7398 |
Office
| Room | X-650 |
|---|---|
| Building | NeW Space |
| Location | City Campus , |
NEWS • Nov 22.2018
Female researchers sponsored in academic journey
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.
Connect with me
