Emeritus Professor Jim Psaros
Emeritus Professor
College of Human and Social Futures (Accounting and Finance)
Career Summary
Biography
Professor Psaros is the Director of the University of Newcastle (Sydney). He also is the Deputy Head - Faculty of Business and Law, Assistant Dean Teaching and Learning and Director of Executive and Corporate Programs. He was formally Head of the Department of Accounting and Finance at the University of Newcastle. Prior to entering academia, Professor Psaros was employed for several years in Chartered Accounting. He has experience in Australia and overseas working for Big 4 Accounting Firms. For the last 20 years he has taught and researched at Australian and British Universities. He has sat on the Board of Directors of companies and the audit committee of government authorities. He is a Fellow of CPA Australia and has both extensive professional accounting and research experience. Professor Psaros has a PhD in Accounting from the University of New South Wales. Throughout his research career, Professor Psaros has focused on issues of practical importance. He has conducted research in a range of areas including auditing and fraud, the inadequacies of Australian accounting standards, and more recently, corporate governance mechanisms. Professor Psaros has published a book and twenty six journal articles. He has made many presentations at professional and academic forums.
Research Expertise
I have an active and sustained track record in research. I published 2 books, 26 refereed journal articles, 3 articles in books of readings, 14 commissioned reports, and 32 conference and seminar presentations. While my recent research activities have focused on corporate governance issues, I have a published in a wide range of accounting/business related issues. For example I have had 11 publications in the auditing area, 7 publications in financial accounting, 5 publications in corporate governance, and 3 publications in the taxation / small business area. Notwithstanding the broad ranging areas in which I have published, my major research area is corporate governance where I have achieved a national and international reputation. Further, the evidence indicates that I am respected as an expert by both the academic and business communities. Underpinning my expertise is the development of a model for assessing the adequacy of an organisations corporate governance. In collaboration, Michael Seamer, my colleague and former PhD student, we have used the model as the basis for an annual assessment of the corporate governance of Australias largest 250 companies, since 2002.
Teaching Expertise
I am a highly motivated and inspirational teacher with an ability to enthuse and challenge my students to think critically and deeply about course content. I take pride in the quality and rigour of my courses and student evaluations confirm the success of the courses. I demonstrate leadership and innovation in teaching and learning by virtue of a series of innovations that have enhanced the student experience and motivated Faculty staff. The quality of my teaching is something in which I take pride. I have a large amount of relevant teaching experience having taught at four universities in two countries. My teaching experience includes undergraduate and postgraduate courses and research supervision at honours, masters and PhD levels. My rationale to teaching is driven by three fundamental concepts. The first is to create a learning environment, both in lectures and tutorial, where students accept ambiguity and are encouraged to think critically. I see my lectures and tutorials as an opportunity for students to consider different points of view and develop effective decision making skills. In short, I design my courses to enable students to acquire the tools and mindset to be strategic and effective decision makers. The second is to focus on contemporary real world situations. It is particularly useful to illustrate to students that business occurrences while very practical and relevant are still explained by theoretical constructs and principles. For example, Australias largest corporate collapse (HIH Insurance) is an infamous, but excellent example, of how theoretical parameters of good corporate governance are very relevant to the practical well-being of an organisation. Further, the recent global economic crisis provides an excellent case study of how effective accounting and auditing are critical to the success of organisations. The third is to challenge students to consider the theoretical foundations of a course concurrently while exploring specific content. To my mind, it is counterintuitive to consider the theoretical content of a course as anyway separate from the technical material. It is the ingraining of theoretical content throughout the course that gives the technical material its context and meaning. Successful students are those students who appreciate what explains and drives subject matter, ie the theoretical foundations of a course. Particularly in a business context, where courses are deemed to be practical and technically driven, it is imperative that students are challenged to reflect deeply what the numbers mean, and what impact they have on human behaviour. When taught effectively and embedded throughout the course, theory becomes the defining feature that takes a business student from being just technically competent, to being a deeper learner.
Administrative Expertise
A common feature of my service has been the acceptance of leadership roles and a commitment to take the initiative in the performance of these roles. I achieve good outcomes because I consult, communicate and respect the staff I work with. In short, while I accept the responsibility of making decisions, I take people along with me in the process. Throughout my career I have engaged in a series of major service activities for The University of Newcastle. I have accepted positions which have required leaderships skills in diverse and strategically important areas. Some of the major roles I have accepted and achieved excellent outcomes are as follows. 1999 2001: Head, Department of Accounting and Finance 2006 2007: Chair, University of Newcastle Outside Study Program Committee 2006 to 2012: Director, Executive and Corporate Programs 2008 to 2012: Assistant Dean, Community and Marketing 2008 to date: Chair, Faculty of Business and Law Progress and Appeals Committee 2008 to date: Assistant Dean, Teaching and Learning 2008 to date: Acting Pro Vice Chancellor (various periods) 2008 to date: Deputy Head, Faculty of Business and Law 2013 to date Academic Director, The University of Newcastle - Sydney
Collaborations
Corporate Governance, Accounting and auditing aspects of corporate fraud, The effectiveness of uncertainty expressions in accounting standards.
Qualifications
- PhD, University of New South Wales
- Bachelor of Commerce, University of Newcastle
- Master of Commerce, University of Newcastle
Keywords
- Auditing
- Corporate Governance
- Financial Accounting
Languages
- Greek (Fluent)
Professional Experience
Academic appointment
Dates | Title | Organisation / Department |
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Editorial Board - Accounting Research Journal | Accounting Research Journal Australia |
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1/1/1997 - | Associate Professor in Accounting | University of Newcastle Business and Law Australia |
Invitations
External Reviewer - Departments
Year | Title / Rationale |
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2006 |
Division of Economic Studies Organisation: Macquarie University Description: Review of the Division of Economic Studies at Macquarie University |
Publications
For publications that are currently unpublished or in-press, details are shown in italics.
Book (1 outputs)
Year | Citation | Altmetrics | Link |
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2009 | Psaros J, Australian Corporate Governance: A Review and Analysis of Key Issues, Pearson Education Australia, Frenchs Forest, NSW, 320 (2009) [A2] | Nova |
Journal article (30 outputs)
Year | Citation | Altmetrics | Link | ||||||||
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2018 |
Inya P, Psaros J, Seamer M, 'The Relevance of Western Corporate Governance in Mitigating Management Misconduct in Thailand', Emerging Markets Finance and Trade, 54 1425-1441 (2018) [C1] This article provides empirical evidence on the relevance of structures central to Western models of corporate governance in mitigating management misconduct in Thailand. We find ... [more] This article provides empirical evidence on the relevance of structures central to Western models of corporate governance in mitigating management misconduct in Thailand. We find no evidence supporting the effectiveness of Western-based corporate governance structures such as board independence, audit committee effectiveness, and separating the roles of CEO and Board Chair in limiting management misconduct. However, we do find evidence supportive of independent directors with more experience and longer tenure, the presence of institutional ownership, and concentrated controlling ownership in limiting management misconduct. This provides some support for the validity of resource dependency theory in an emerging economy setting.
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Nova | |||||||||
2018 |
Seamer MJ, Docherty P, Psaros J, Brookes P, 'Internal Governance Does Matter to Equity Returns but Much More So During Flights to Quality', Journal of Applied Corporate Finance, 30 39-52 (2018) [C1]
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Nova | |||||||||
2015 |
Wood LN, Psaros J, French E, Lai JWM, 'Learning experiences for the transition to professional work', COGENT BUSINESS & MANAGEMENT, 2 (2015)
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2015 |
Psaros J, Seamer MJ, 'Ranking corporate governance of Australia's top companies: A decade on', Australian Accounting Review, 25 405-412 (2015) [C1]
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Nova | |||||||||
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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Nova | |||||||||
2007 |
Psaros J, 'Do principles-based accounting standards lead to biased financial reporting? An Australian experiment', Accounting and Finance, 47 527-550 (2007) [C1]
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Nova | |||||||||
2007 |
Krambia-Kapardis M, Psaros J, Solomon JF, 'Corporate governance: Rating of the EU member states guidelines', Corporate Ownership and Control, 4 160-172 (2007) This paper presents a synthesis and analysis of corporate governance guidelines of the twenty-five European Union (EU) member states. The paper focuses on observable and quantifia... [more] This paper presents a synthesis and analysis of corporate governance guidelines of the twenty-five European Union (EU) member states. The paper focuses on observable and quantifiable aspects of corporate governance including key aspects pertaining to the composition and operation of the board of directors, audit committee, remuneration committee, nomination committee, and other corporate governance policies. Using an Australian corporate governance ranking system, contained in the Horwath Report, the Corporate Governance (CG) Guidelines were analysed and rated. Based on the rating system, thirteen of the twenty-five EU countries had guidelines that were considered to be lacking in several key areas. In contrast, Ireland and the United Kingdom have the most detailed and rigorous corporate governance guidelines. Countries with less developed economic frameworks have the least detailed and rigorous corporate governance guidelines. Finally the specificity of corporate governance guidelines varies greatly between the various countries either due to the system used (one or two tier systems) or whether the country's legal system is predominately common or statutory law. The aim of the paper is not to determine the compliance of individual companies on their company's CG Code but to rate the Codes of the countries so as to assess whether there ought to be stricter regulatory measures by the EU on its member states.
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2006 |
Krambia-Kapardis M, Psaros J, 'The Implementation of Corporate Governance Principles in an Emerging Economy: A Critique of the Situation in Cyprus', Corporate Governance - An International Review, 14 126-139 (2006) [C1]
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Nova | |||||||||
2004 |
Psaros J, Trotman KT, 'The Impact of the Type of Accounting Standards on Prepares' Judgments', Abacus: a journal of accounting, finance and business, 40 76-93 (2004) [C1]
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Nova | |||||||||
2004 | Psaros J, Holmes KS, 'The Questionable Value of the Going Concern Assumption to Unsecured Creditors: A Case Study of Mine Closure', Accounting Research Journal, 17 24-31 (2004) [C1] | ||||||||||
2004 |
Psaros J, Seamer MJ, 'Australian Audit Committees - Do They Meet Best Practice Guidelines', Australian Accounting Review, 14 77-85 (2004) [C1]
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2003 | Psaros J, Seamer MJ, 'The AXS's new corporate governance guidelines have generated fierce and heated debate. But is corporate Australia missing the point?', CACharter, 74 46-47 (2003) [C3] | ||||||||||
2003 |
Psaros J, Patel C, Warnakulasuriya S, 'A Study of Uncertainty Expressions in Australian Accounting and Auditing Standards', Pacific Accounting Review, 15 1-28 (2003) [C1]
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Nova | |||||||||
2001 | Psaros J, Seamer MJ, 'The Unravelling of the House of Scarfe', Charter, 4 44-47 (2001) [C3] | ||||||||||
2000 |
Psaros J, Patel C, 'Perceptions of External Auditors' Independence: Some Cross-Cultural Evidence', British Accounting Review, 32 311-338 (2000) [C1]
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1999 |
Holmes KS, Psaros J, Smith GW, 'A Research Note on the Use and Perceived Usefulness of Analytical Procedures by Australian Auditors', Australian Accounting Review, 9 64-72 (1999) [C1]
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Show 27 more journal articles |
Review (1 outputs)
Year | Citation | Altmetrics | Link |
---|---|---|---|
2003 | Psaros J, Seamer MJ, 'Horwath 2003 Corporate Governance Report', Horwath 2003 Corporate Governance Report (2003) [D1] |
Conference (9 outputs)
Year | Citation | Altmetrics | Link | ||
---|---|---|---|---|---|
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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2011 | Seamer M, Psaros J, 'THE ASSOCIATION BETWEEN MANAGEMENT PERPETRATED FRAUD AND CORPORATE GOVERNANCE DEFICIENCIES', 4TH ANNUAL EUROMED CONFERENCE OF THE EUROMED ACADEMY OF BUSINESS: BUSINESS RESEARCH CHALLENGES IN A TURBULENT ERA, Elounda, GREECE (2011) [E1] | ||||
2009 | Seamer MJ, Psaros J, 'Corporate governance as a facilitator of continuous market disclosure', Symposium on the Multiple Facets of Governance. Symposium Program, Newcastle, NSW (2009) [E2] | Nova | |||
2005 | Psaros J, Krambia-Kapardis M, 'A Synthesis and Analysis of Corporate Governance Guidelines in the EU Countries', European Accounting Association 28th Annual Congress, Goteborg (2005) [E1] | ||||
2005 | Psaros J, 'Do 'Substance-over-form' Accounting Standards Lead to Biased Financial Reporting?: An Australian Experiment', AFAANZ 2005 Annual Conference, Melbourne (2005) [E1] | Nova | |||
2004 | Psaros J, 'Do 'Substance-Over-Form' Accounting Standards Work? An Australian Experiment', CIBER Conference and TLC Conference Refereed Proceedings, Las Vegas, USA (2004) [E1] | ||||
2003 | Psaros J, Seamer MJ, 'Australian Audit Committees - Do They Meet Best Practice Guidelines', AFAANZ 2003 Annual Conference, Brisbane (2003) [E1] | ||||
2002 | Psaros J, 'Corporate Collapse in Australia:The Role of and Implications for Accounting', 2002 Supreme Court of New South Wales Annual Conference, Leura, Blue Mountains, Australia (2002) [E2] | ||||
1999 | Psaros J, Gibson B, 'Computer and Electronic Commerce use in Australian Small Firms', Managing Enterprises '99, The University of Newcastle (1999) [E1] | ||||
Show 6 more conferences |
Report (1 outputs)
Year | Citation | Altmetrics | Link |
---|---|---|---|
2004 | Psaros J, Seamer MJ, 'Horwath 2004 Corporate Governance Report', Horwath (NSW) Pty Ltd, 70 (2004) [R1] |
Grants and Funding
Summary
Number of grants | 18 |
---|---|
Total funding | $174,510 |
Click on a grant title below to expand the full details for that specific grant.
20121 grants / $99,000
Practical implementation of anomaly-based investment strategies and the investigation of new anomalies in the Australian stock market$99,000
Funding body: Platypus Asset Management
Funding body | Platypus Asset Management |
---|---|
Project Team | Doctor Paul Docherty, Prof STEPHEN Easton, Emeritus Professor Jim Psaros, Dr Howard Chan, Professor Philip Gray, Chan, Howard, Gray, Philip |
Scheme | Research Grant |
Role | Investigator |
Funding Start | 2012 |
Funding Finish | 2015 |
GNo | G1100869 |
Type Of Funding | Grant - Aust Non Government |
Category | 3AFG |
UON | Y |
20102 grants / $23,600
Capstone Courses in undergraduate business degrees: better course design, better learning activities, better assessment$18,807
Funding body: Australian Learning and Teaching Council
Funding body | Australian Learning and Teaching Council |
---|---|
Project Team | Associate Professor Janis Bailey, Dr Erica French, Associate Professor Michael Zanko, Dr Leigh Wood, Emeritus Professor Jim Psaros, Professor Johanna Macneil |
Scheme | Research Grant |
Role | Lead |
Funding Start | 2010 |
Funding Finish | 2012 |
GNo | G1100034 |
Type Of Funding | Other Public Sector - Commonwealth |
Category | 2OPC |
UON | Y |
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, Associate Professor Doowon Lee, Emeritus Professor Jim Psaros |
Scheme | Small Research Consultancy |
Role | Investigator |
Funding Start | 2010 |
Funding Finish | 2010 |
GNo | G1000971 |
Type Of Funding | Grant - Aust Non Government |
Category | 3AFG |
UON | Y |
20061 grants / $19,710
The private regulation of corporate social responsibility$19,710
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Mr Benedict Sheehy, Emeritus Professor Jim Psaros |
Scheme | Pilot Grant |
Role | Investigator |
Funding Start | 2006 |
Funding Finish | 2007 |
GNo | G0186669 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
20051 grants / $570
2005 Accounting & Finance Association of Australia and New Zealand Annual Conference, 2-5 July 2005$570
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 2005 |
Funding Finish | 2005 |
GNo | G0185460 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
20041 grants / $2,500
2004 Annual International Business & Economic Research Conference, 4-8 October 2004, USA$2,500
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 2004 |
Funding Finish | 2004 |
GNo | G0184837 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
20031 grants / $910
Accounting and Finance Association of Australia and New Zealand 2003 Conference, Brisbane Qld 6 - 8 July, 2003$910
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 2003 |
Funding Finish | 2003 |
GNo | G0183084 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
20011 grants / $1,684
European Accounting Association 24th Annual Conference, Greece 18-20 April 2001$1,684
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 2001 |
Funding Finish | 2001 |
GNo | G0180720 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
20003 grants / $17,912
An Experimental Investigation of the Influence of Cash Flow Statements on External Users' Decision Making.$9,000
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros, Ms CHRISTINE Yap |
Scheme | Project Grant |
Role | Lead |
Funding Start | 2000 |
Funding Finish | 2000 |
GNo | G0178855 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
An Investigation of the Association Between Board of Director Composition and the Incidence of Corporate Fraud in Australia.$8,000
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Professor Scott Holmes, Emeritus Professor Jim Psaros |
Scheme | Project Grant |
Role | Investigator |
Funding Start | 2000 |
Funding Finish | 2000 |
GNo | G0178834 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
Accounting Association of Australia and New Zealand Annual Conference, Hamilton Island 2-4 July 2000$912
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 2000 |
Funding Finish | 2000 |
GNo | G0179773 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
19991 grants / $604
Annual Conference of the Accounting Association of Australia and New Zealand.$604
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 1999 |
Funding Finish | 1999 |
GNo | G0180479 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
19971 grants / $800
9th Asian-Pacific Conference on International Accounting Issues, Bangkok, Thailand, 23-26 November 1997$800
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 1997 |
Funding Finish | 1997 |
GNo | G0179547 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
19961 grants / $1,083
8th Annual Asian-Pacific Conference on International Accounting Issues, Vancouver, Canada - 13-16 Oct 1996$1,083
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 1996 |
Funding Finish | 1996 |
GNo | G0176538 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
19952 grants / $3,137
Annual Conference of the European Accounting Association, UK, 10-12 May 1995$1,862
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 1995 |
Funding Finish | 1995 |
GNo | G0176819 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
British Accounting Association National Conference - Winchester, UK - 23-25 March 1994$1,275
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 1995 |
Funding Finish | 1995 |
GNo | G0175119 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
19941 grants / $1,275
'British Accounting Assoc. National Conf., King Alfred's College, Winchester, UK, 23 - 25 March 1994$1,275
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 1994 |
Funding Finish | 1994 |
GNo | G0174504 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
19931 grants / $1,725
'1993 British Accounting Association Annual Conference' - University of Strathclyde Glasgow, United Kingdom - 5 - 7 April 1993$1,725
Funding body: University of Newcastle
Funding body | University of Newcastle |
---|---|
Project Team | Emeritus Professor Jim Psaros |
Scheme | Travel Grant |
Role | Lead |
Funding Start | 1993 |
Funding Finish | 1993 |
GNo | G0174302 |
Type Of Funding | Internal |
Category | INTE |
UON | Y |
Research Supervision
Number of supervisions
Past Supervision
Year | Level of Study | Research Title | Program | Supervisor Type |
---|---|---|---|---|
2017 | PhD | Corporate Governance and Firm Performance in Saudi Arabia | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Principal Supervisor |
2015 | PhD | Gender Diversity on Australian Company Boards | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Principal Supervisor |
2013 | PhD | Corporate Governance and Management Misconduct in Thailand | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Principal Supervisor |
2009 | PhD | Corporate Governance as a Control of Agency Conflict | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Sole Supervisor |
2002 | PhD | An Examination of the Influence of Accounting Authority Structures on the Disclosure and Accounting Treatment of Goodwill | PhD (Commerce), College of Human and Social Futures, The University of Newcastle | Co-Supervisor |
Emeritus Professor Jim Psaros
Position
Emeritus Professor
College of Human and Social Futures
Focus area
Accounting and Finance
Contact Details
jim.psaros@newcastle.edu.au |
Office
Room | SRS218 |
---|---|
Building | Social Sciences |
Location | Callaghan University Drive Callaghan, NSW 2308 Australia |