Dr Laura Luo

Senior Lecturer

Newcastle Business School

Career Summary

Biography

Laura Luo's research interests predominantly lie in carbon accounting including carbon disclosure, carbon performance, carbon management and carbon assurance. She also links the carbon accounting issues with traditional accounting research area such as corporate governance and capital market etc. She published papers in leading international and national refereed accounting research journals such as British Accounting Review, Accounting and Finance, Journal of International Accounting Research, The International Journal of Accounting, Journal of Contemporary Accounting Economics. In addition, she has won the 2014 outstanding paper award for the paper entitled “Comparison of Propensity for Carbon Disclosure between Developing and Developed Countries: A Resource Constraint Perspective” and her paper 'Corporate ecological transparency: theories and empirical evidence' published in Asian Review of Accounting being selected by the journal’s editorial team as a Highly Commended paper in the 2017 Emerald Literati Network Awards for Excellence. Her teaching interests include financial accounting and quantitative research method.

Research Expertise
My primary research expertise includes many different carbon accounting area, such as carbon disclosure, carbon assurance, carbon performance, carbon management system, carbon tax, emission trading. I also link the carbon accounting topic with the traditional accounting area such as corporate governance and capital market research. In addition, I conducted research linking national culture values with corporate carbon disclosure and management behaviors.

Collaborations
Laura has extensive collaboration with academics from Xiamen University, Nanjing University of Finance and Economics, Jinan University. She has successfully completed a government grant from Natural Science Foundation of China with Professor Yanjiang in Nanjing University of Finance and Economics and have co-authored several papers with international accounting scholars.

Qualifications

  • Doctor of Philosophy, University of Western Sydney
  • Master of Management Accounting, Shanghai University of Finance & Economics - China

Keywords

  • Carbon Accounting
  • Carbon Disclosure
  • Carbon Emission Scheme
  • Carbon Management System
  • Carbon Performance
  • Carbon Tax
  • Corporate Governance
  • Financial Accounting
  • National Culture
  • Quantitative Research Method

Fields of Research

Code Description Percentage
150102 Auditing and Accountability 10
150103 Financial Accounting 20
150106 Sustainability Accounting and Reporting 70

Professional Experience

UON Appointment

Title Organisation / Department
Senior Lecturer University of Newcastle
Newcastle Business School
Australia
Casual Academic University of Newcastle
Newcastle Business School
Australia

Awards

Research Award

Year Award
2017 Highly Commended paper in the 2017 Emerald Literati Network Awards for Excellence
Emerald Publishing
2014 the Emerald best paper prize
Emerald Group Publishing Limited
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Publications

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


Journal article (10 outputs)

Year Citation Altmetrics Link
2017 Luo L, 'The influence of institutional contexts on the relationship between voluntary carbon disclosure and carbon emission performance', Accounting and Finance, (2017)

© 2017 AFAANZ. This article examines the relationship between the level of voluntary carbon disclosure (VCD) and carbon emission performance and how the institutional context inf... [more]

© 2017 AFAANZ. This article examines the relationship between the level of voluntary carbon disclosure (VCD) and carbon emission performance and how the institutional context influences this relationship. Using a sample of Global 500 firms participating in the Carbon Disclosure Project (CDP) over the period 2008-2015, the evidence shows a negative relationship between voluntary carbon disclosure and carbon emission performance, which is consistent with the legitimacy theory that VCD may be undertaken for the purposes of legitimation. However, stringent carbon institutions appear to restrict legitimation attempts and help better reflect underlying performance. Accounting and Finance

DOI 10.1111/acfi.12267
2016 Luo L, Tang Q, 'Determinants of the quality of corporate carbon management systems: An international study', International Journal of Accounting, 51 275-305 (2016) [C1]
DOI 10.1016/j.intacc.2016.04.007
Citations Scopus - 3Web of Science - 3
2016 Luo L, 'Corporate Ecological Transparency: Theories and Empirical Evidence', Asian Review of Accounting, 24 498-524 (2016) [C1]
Citations Scopus - 1
2016 Luo L, Tang Q, 'Does national culture influence corporate carbon disclosure propensity?', Journal of International Accounting Research, 15 17-47 (2016) [C1]
DOI 10.2308/jiar-51131
Citations Scopus - 2
2015 Liao L, Luo L, Tang Q, 'Gender diversity, board independence, environmental committee and greenhouse gas disclosure', The British Accounting Review, 47 409-424 (2015) [C1]
DOI 10.1016/j.bar.2014.01.002
Citations Scopus - 27Web of Science - 26
2014 Luo L, Tang Q, 'Does voluntary carbon disclosure reflect underlying carbon performance?', Journal of Contemporary Accounting and Economics, 10 191-205 (2014) [C1]

© 2014 Elsevier Ltd. Carbon information is becoming more and more important in the decision making of stakeholders, but there is growing concern regarding the reliability of corp... [more]

© 2014 Elsevier Ltd. Carbon information is becoming more and more important in the decision making of stakeholders, but there is growing concern regarding the reliability of corporate carbon disclosure and a lack of empirical studies addressing this issue. The purpose of this paper is to examine whether voluntary carbon disclosure reflects firms' true carbon performance. Level of carbon disclosure was measured based on content analysis of Carbon Disclosure Project (CDP) reports, and our carbon performance index focused on both carbon intensity of emissions and carbon mitigation. Based on a sample of 474 U.S., U.K., and Australian firms, our findings show a significant positive association between carbon disclosure and performance, suggesting that firms' voluntary carbon disclosure in the CDP is indicative of their underlying actual carbon performance. This result is consistent with signalling theory. Our findings are useful for corporate stakeholders and governmental policymakers who are concerned about the quality of voluntary greenhouse gas disclosure.

DOI 10.1016/j.jcae.2014.08.003
Citations Scopus - 13
2014 Luo L, Tang Q, 'Carbon tax, corporate carbon profile and financial return', Pacific Accounting Review, 26 351-373 (2014) [C1]
DOI 10.1108/PAR-09-2012-0046
2014 Tang Q, Luo L, 'Carbon Management Systems and Carbon Mitigation', AUSTRALIAN ACCOUNTING REVIEW, 24 84-98 (2014) [C1]
DOI 10.1111/auar.12010
Citations Scopus - 16Web of Science - 13
2013 Luo L, Tang Q, Lan YC, 'Comparison of propensity for carbon disclosure between developing and developed countries: A resource constraint perspective', Accounting Research Journal, 26 6-34 (2013) [C1]

The purpose of this paper is to investigate differences in voluntary carbon disclosure between developing and developed countries and the role of resource availability in explain... [more]

The purpose of this paper is to investigate differences in voluntary carbon disclosure between developing and developed countries and the role of resource availability in explaining these differences. The authors used a sample consisting of 2,045 large firms from 15 countries and representing divergent industries that released Carbon Disclosure Project (CDP) company reports in 2009. Profitability, leverage and growth were used as proxies for the degree of resource availability and the firm's participation in the CDP was used as a proxy for carbon disclosure propensity. Consistent with the authors' predictions, the empirical results show that the carbon disclosure propensity is correlated in the right direction with resource availability proxies; this relationship is stronger in developing nations, suggesting that the shortage of resources is one reason for the lack of commitment to carbon mitigation and disclosure in these countries. The results are robust when disclosure motivation proxies are controlled for. In addition, it is shown that firms tend to disclose carbon information if their shares are owned by CDP signatories, because it allows them to be viewed as more powerful stakeholders. This finding, which enhances the validity of stakeholder theory, previously has not been documented in the literature. The findings are relevant to the world's largest organisations, as determined by their market capitalisation. Thus, caution should be exercised to generalise the paper's inferences to small or medium-sized organisations. The evidence suggests that resource shortages may constrain a firm management's carbon decisions. As the regulatory environment becomes more stringent, firms, particularly those in developing countries need to take a more proactive strategy to tackle global warming challenges and balance the need to achieve financial goals and prevent carbon pollution with their limited resources. Although prior studies typically considered external pressures that motivated voluntary environmental disclosure, the paper's results offer extra insight and suggest that resource restriction provides a complementary explanation ¿ largely ignored in the existing literature ¿ for variation in the carbon-disclosure propensity of firms. © 2013, Emerald Group Publishing Limited

DOI 10.1108/ARJ-04-2012-0024
Citations Scopus - 18
2012 Luo L, Lan Y-C, Tang Q, 'Corporate Incentives to Disclose Carbon Information: Evidence from the CDP Global 500 Report', JOURNAL OF INTERNATIONAL FINANCIAL MANAGEMENT & ACCOUNTING, 23 93-120 (2012) [C1]
DOI 10.1111/j.1467-646X.2012.01055.x
Citations Scopus - 41Web of Science - 39
Show 7 more journal articles

Conference (13 outputs)

Year Citation Altmetrics Link
2017 Datt R, Tang Q, Luo L, Mallik G, 'An International Study of Determinants of Voluntary Carbon Assurance', the 40th Annual Congress of the European Accounting Association (2017)
2017 Luo L, Tang Q, 'The Impact of Power Distance on Corporate Carbon Transparency: Direct Effect and Moderating Role', the 40th Annual Congress of the European Accounting Association, Valencia, Spain (2017)
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 (2017)
2016 Luo L, 'An international examination of the trustworthiness of corporate voluntary carbon disclosure', Accounting and Finance Association of Australia and New Zealand (AFAANZ) Annual Conference, Gold Coast, Australia (2016)
2016 Luo L, Liao L, Tang Q, 'The Effectiveness of Board in Controlling Carbon Emissions: Evidence from UK Listed Firms', JOURNAL OF CONTEMPORARY ACCOUNTING AND ECONOMICS (JCAE) ANNUAL SYMPOSIUM, Thailand (2016)
2015 Liao L, Luo L, Tang Q, 'The effectiveness of board in controlling carbon emissions: Evidence from UK 350 companies' (2015) [E3]
2014 Luo L, Tang Q, 'A Global Investigation of Corporate Carbon Management Systems: Motivations, Actions, and Outcome', The American Accounting Association Annual Meeting and Conference on Teaching and Learning in Accounting (2014) [E3]
2014 Luo L, Tang Q, 'The Determinants of the Quality of Corporate Carbon Management Systems: An International Study' (2014)
2013 Liao L, Luo L, Tang Q, 'Board Diversity, Independence and Carbon Transparency', The 36th Annual Congress of the European Accounting Association (2013) [E3]
2013 Luo L, Tang Q, 'The Impact of National Culture on Voluntary Carbon Disclosure: Evidence from Carbon Disclosure Project (CDP) 2011', The 36th Annual Congress of the European Accounting Association (2013) [E3]
2010 Lan Y-C, Lu LL, Luo L, Tang Q, Yu HC, 'Corporate Voluntary Disclosure of Greenhouse Gas Emission in Australia', International Conference on Accounting and Information Technology (2010) [E3]
2010 Lan Y-C, Lu LL, Luo L, Tang QT, Yu HC, 'Corporate Voluntary Disclosure of Greenhouse Gas Emission in Australia', Proceedings of 2010 International Conference on Accounting and Information Technology (2010)
Luo L, Tang Q, 'Carbon Management System and Carbon Reduction Performance' [E3]
Show 10 more conferences

Other (1 outputs)

Year Citation Altmetrics Link
2010 Luo L, Lan Y-C, Tang QL, 'Corporate Incentives to Disclose Carbon Information: Evidence from Global 500', ( pp.95-119): University of Western Sydney (2010)
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Grants and Funding

Summary

Number of grants 2
Total funding $116,500

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


20181 grants / $6,500

2018 International Visitor from Univeristy of Toronto, Canada$6,500

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Doctor Laura Luo, Asssociate Professor Yue Li
Scheme International Research Visiting Fellowship
Role Lead
Funding Start 2018
Funding Finish 2018
GNo G1700948
Type Of Funding Internal
Category INTE
UON Y

20131 grants / $110,000

Carbon Disclosure, Carbon Performance and Market Reaction: Evidence From Chinese Companies$110,000

The project aims to examine (1) the capital market reaction to the carbon policy in china; (2) the mechanism of voluntary carbon disclosure and how investors and capital market stimulate the voluntary carbon disclosure in China; (3) the construction of carbon disclosure system applied in China.

Funding body: National Natural Science Foundation of China

Funding body National Natural Science Foundation of China
Project Team

Yan Jiang

Scheme General Program
Role Investigator
Funding Start 2013
Funding Finish 2016
GNo
Type Of Funding International - Competitive
Category 3IFA
UON N
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Research Supervision

Number of supervisions

Completed1
Current4

Total current UON EFTSL

PhD1.6

Current Supervision

Commenced Level of Study Research Title Program Supervisor Type
2017 PhD Value Relevance of Carbon Management System in Australian Energy Industry PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2017 PhD The Tracking of Environmental Costs: Motivations and Impacts under Mandatory Environmental Reporting in Australia PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2017 PhD The Determinants and Value Relevance of Corporate Carbon Abatement Initiatives PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Principal Supervisor
2016 PhD The Impacts of Carbon Assurance on Firms’ Carbon Management Systems: An Empirical Analysis Accounting, University of Western Sydney Co-Supervisor

Past Supervision

Year Level of Study Research Title Program Supervisor Type
2016 PhD Corporate Incentives for External Carbon Emissions Assurance: An International Study Accounting, University of Western Sydney Co-Supervisor
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Dr Laura Luo

Positions

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

Casual Academic
Newcastle Business School
Newcastle Business School
Faculty of Business and Law

Contact Details

Email laura.luo@newcastle.edu.au
Phone (02) 8262 6417

Office

Room 60BATH1113
Building Sydney Bathurst Street
Location Sydney

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