Dr Cathy Wu
Lecturer in Accounting
Newcastle Business School (Accounting and Finance)
- Email:cathy.wu@newcastle.edu.au
- Phone:0249138603
Career Summary
Biography
Cathy joined the Newcastle Business School as a lecturer in accounting in early 2019, after completing her PhD at the Australian National University. Her research interests are ranging from financial to management accounting, for example, the impact of security analysts in capital markets, corporate disclosure, corporate strategy, and cost accounting. Her expertise lies in the area of analyst behaviour which includes analyst forecast accuracy, forecast and recommendation bias, analyst expertise, and valuation. Her paper has been published in high-quality journals like Journal of Business Ethics (A, FT50) and Accounting and Finance (A). She has also served as a reviewer for multiple A journals including Abacus and Journal of Business Ethics.
Cathy is teaching intermediate financial accounting (i.e. consolidation) at the undergraduate level and financial statement analysis at the postgraduate level.
Qualifications
- Doctor of Philosophy, Australian National University
- Bachelor of Finance (Honours), Australian National University
Keywords
- Corporate Disclosures
- Corporate Strategy
- Cost Stickiness
- Financial Analyst
- Regulatory Reforms
Languages
- Mandarin (Mother)
Fields of Research
| Code | Description | Percentage |
|---|---|---|
| 350105 | Management accounting | 30 |
| 350103 | Financial accounting | 50 |
| 350204 | Financial institutions (incl. banking) | 20 |
Professional Experience
UON Appointment
| Title | Organisation / Department |
|---|---|
| Lecturer in Accounting | University of Newcastle Newcastle Business School Australia |
Awards
Award
| Year | Award |
|---|---|
| 2016 |
HDR Fee Remission Merit Scholarship Australian National University |
| 2013 |
University International Student PhD Scholarship Australian National University |
| 2012 |
A D Barton Prize 2012 for Best Honours Thesis Australian National University |
| 2011 |
School of Accounting Business and Information System Scholarship Australian National University |
Teaching
| Code | Course | Role | Duration |
|---|---|---|---|
| GSBS6506 |
Financial Statement Analysis Newcastle Business School | University of Newcastle | Australia This course introduces key valuation theories for fundamental analysis. The primary emphasis is on equity valuation, with a focus on developing and applying methods for valuing firms using financial statement analysis. Topics include the residual earnings model and the abnormal earnings growth model. |
Course Coordinator | 27/1/2020 - 30/11/2022 |
| ACFI2012 |
Accounting for Corporate Entities Newcastle Business School | University of Newcastle | Australia Company financial statements are a crucial part of the information that stakeholders use in making assessments of companies. Accounting for Corporate Entities is concerned with the mechanisms that underpin the preparation of financial records for corporations including consolidated accounts. The provisions of the Corporations Act, Australian Accounting Standards, International Accounting Standards and Australian Securities Exchange Listing requirements that are relevant to corporate accounting and reporting are highlighted. The analysis, application and communication of financial information is emphasised as an essential professional attribute. |
Course Coordinator | 4/2/2019 - 30/11/2022 |
Publications
For publications that are currently unpublished or in-press, details are shown in italics.
Journal article (4 outputs)
| Year | Citation | Altmetrics | Link | |||||
|---|---|---|---|---|---|---|---|---|
| 2025 |
Su Y, Li J, Li Z, Wu C, 'CEO inside debt holdings and climate risk concerns in corporate acquisition', Finance Research Letters, 71 (2025) [C1]
This study examines how CEO inside debt holdings motivate CEOs to incorporate climate risk in corporate acquisition decisions through deal selection and valuation. Usin... [more] This study examines how CEO inside debt holdings motivate CEOs to incorporate climate risk in corporate acquisition decisions through deal selection and valuation. Using samples of intended and completed acquisitions executed by U.S. acquirers from 2006 to 2021, we find that when acquirers consider a target firm with a greater exposure to climate risk, acquirers with a higher level of CEO inside debt choose to discount their valuation for the target firm rather than drop the deal completely. These results suggest that CEO's debt-like compensation can be used to encourage CEOs to take climate risk concerns into their investment decisions.
|
Open Research Newcastle | ||||||
| 2025 |
Tseng YJ, Wu M, Feng ZY, Tan SY, 'The effect of labor unions on capital markets: Evidence from seasoned equity offerings', International Review of Economics and Finance, 101 (2025) [C1]
|
|||||||
| 2022 |
Wu M, Wilson M, 'How well do analysts really understand asymmetric cost behaviour?', ACCOUNTING AND FINANCE, 62, 3951-3985 (2022) [C1]
|
Open Research Newcastle | ||||||
| 2017 |
Wu M, Wilson M, Wu Y, 'Was the Global Settlement Effective in Mitigating Systematic Bias in Affiliated Analyst Recommendations', JOURNAL OF BUSINESS ETHICS, Volume 146, pp 485–503-pp 485–503 (2017) [C1]
|
Open Research Newcastle | ||||||
| Show 1 more journal article | ||||||||
Report (1 outputs)
| Year | Citation | Altmetrics | Link | ||
|---|---|---|---|---|---|
| 2022 |
Wu M, Boedker C, 'FINANCIAL WELL-BEING AND GENERAL LIFE SATISFACTION IN AUSTRALIA' (2022)
|
Thesis / Dissertation (1 outputs)
| Year | Citation | Altmetrics | Link |
|---|---|---|---|
| 2018 | Wu M, 'Corporate Strategy and Analyst Behaviour' (2018) |
Grants and Funding
Summary
| Number of grants | 8 |
|---|---|
| Total funding | $28,223 |
Click on a grant title below to expand the full details for that specific grant.
20242 grants / $7,200
Voluntary non-GAAP disclosure and learning from external market participants$3,700
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 Cathy Wu, Doctor Mardy Chiah |
| Scheme | Research Grant |
| Role | Lead |
| Funding Start | 2024 |
| Funding Finish | 2025 |
| GNo | G2400667 |
| Type Of Funding | C3200 – Aust Not-for Profit |
| Category | 3200 |
| UON | Y |
CHSF 2024 Conference Travel Scheme$3,500
Funding body: College of Human and Social Futures | University of Newcastle
| Funding body | College of Human and Social Futures | University of Newcastle |
|---|---|
| Project Team | Dr Cathy Wu |
| Scheme | CHSF - Conference Travel Scheme |
| Role | Lead |
| Funding Start | 2024 |
| Funding Finish | 2024 |
| GNo | |
| Type Of Funding | Internal |
| Category | INTE |
| UON | N |
20222 grants / $3,614
CHSF Conference Travel Funding$2,284
Funding body: College of Human and Social Futures | University of Newcastle
| Funding body | College of Human and Social Futures | University of Newcastle |
|---|---|
| Scheme | CHSF - Conference Travel Scheme |
| Role | Lead |
| Funding Start | 2022 |
| Funding Finish | 2022 |
| GNo | |
| Type Of Funding | Internal |
| Category | INTE |
| UON | N |
CHSF Early Advice Scheme$1,330
Funding body: College of Human and Social Futures | University of Newcastle
| Funding body | College of Human and Social Futures | University of Newcastle |
|---|---|
| Scheme | CHSF - Early Advice Scheme |
| Role | Lead |
| Funding Start | 2022 |
| Funding Finish | 2022 |
| GNo | |
| Type Of Funding | Internal |
| Category | INTE |
| UON | N |
20211 grants / $1,500
Research Output Scheme Funding$1,500
Funding body: College of Human and Social Futures, University of Newcastle
| Funding body | College of Human and Social Futures, University of Newcastle |
|---|---|
| Project Team | Cathy Wu |
| Scheme | 2021 CHSF Research Output Scheme |
| Role | Lead |
| Funding Start | 2021 |
| Funding Finish | 2021 |
| GNo | |
| Type Of Funding | Internal |
| Category | INTE |
| UON | N |
20201 grants / $6,500
AFAANZ Research Grants$6,500
Funding body: Accounting and Finance Association of Australia and New Zealand (AFAANZ)
| Funding body | Accounting and Finance Association of Australia and New Zealand (AFAANZ) |
|---|---|
| Project Team | Cathy Wu |
| Scheme | AFAANZ Research Grant |
| Role | Investigator |
| Funding Start | 2020 |
| Funding Finish | 2021 |
| GNo | |
| Type Of Funding | External |
| Category | EXTE |
| UON | N |
20192 grants / $9,409
Faculty New Staff Grant$5,000
Funding body: Faculty of Business & Law, The University of Newcastle
| Funding body | Faculty of Business & Law, The University of Newcastle |
|---|---|
| Project Team | Cathy Wu |
| Scheme | New Staff Grant |
| Role | Lead |
| Funding Start | 2019 |
| Funding Finish | 2019 |
| GNo | |
| Type Of Funding | Internal |
| Category | INTE |
| UON | N |
NBS Research Funds$4,409
Funding body: Newcastle Business School | University of Newcastle | Australia
| Funding body | Newcastle Business School | University of Newcastle | Australia |
|---|---|
| Project Team | Cathy Wu |
| Scheme | NBS Research Funds |
| Role | Lead |
| Funding Start | 2019 |
| Funding Finish | 2020 |
| GNo | |
| Type Of Funding | Internal |
| Category | INTE |
| UON | N |
Research Supervision
Number of supervisions
Current Supervision
| Commenced | Level of Study | Research Title | Program | Supervisor Type |
|---|---|---|---|---|
| 2025 | PhD | Information Theory-based Analysis of Analyst Behavior: Theoretical Mechanisms, Influencing Factors, and Economic Consequences | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Co-Supervisor |
| 2024 | PhD | Green Innovation and Venture Capital Investments | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Co-Supervisor |
| 2024 | PhD | Essays in Stock Price Crash Risk | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Co-Supervisor |
| 2022 | PhD | Deceptive Language in Climate-related Disclosures during Conference Calls | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Co-Supervisor |
Dr Cathy Wu
Position
Lecturer in Accounting
Newcastle Business School
College of Human and Social Futures
Focus area
Accounting and Finance
Contact Details
| cathy.wu@newcastle.edu.au | |
| Phone | 0249138603 |
