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Professor Stephen Easton

Professor

Newcastle Business School (Accounting and Finance)

Career Summary

Biography

Steve Easton is Foundation Professor of Finance, and Assistant Dean (Academic) of the Faculty of Business and Law at the University of Newcastle, where he has previously served as Head of the Department of Accounting and Finance and Dean of the Faculty of Economics and Commerce. He received his Master of Economics and PhD from Monash University.

He is a Fellow of both CPA Australia and the Financial Services Institute of Australasia. His research work has been accepted for publication in a wide range of journals including the Journal of Futures Markets, Economica, and the Journal of Banking and Finance. He currently serves on the editorial boards of Accounting and Finance, the Accounting Research Journal, and the Australian Accounting Review. His current research interests are in derivative securities and corporate governance.

He is also co-author of Business Finance (9th Edition). He has taught at the University of Adelaide, Lancaster University and Monash University, and has taught all major topics in finance as well as across some areas of financial accounting. He has also undertaken consulting work for a range of private and public sector organisations, including the Australian Competition and Consumer Commission, Australia Post, CPA Australia, Coles Myer Ltd., Deloitte Ross Tohmatsu, Macquarie Generation, State Forests of New South Wales and the Tasmanian Chamber of Commerce and Industry.

Research Expertise
Finance and financial markets, International finance and foreign exchange markets & also Funds management, investments, valuations, foreign exchange markets and financial planning.

Qualifications

  • PhD, Monash University
  • Master of Economics, Monash University
  • Bachelor of Economics (Honours), University of Adelaide

Keywords

  • Accounting
  • Auditing
  • Exchange markets
  • Finance
  • Investment

Fields of Research

Code Description Percentage
150299 Banking, Finance and Investment not elsewhere classified 100

Professional Experience

UON Appointment

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

Academic appointment

Dates Title Organisation / Department
Editorial Board - Accounting Research Journal Accounting Research Journal
Australia
Editorial Board - Accounting and Finance Accounting and Finance
Australia
Editorial Board - Australian Accounting Review Australian Accounting Review
Australia
Fellow - CPA Australia CPA Australia
Fellow - Financial Services Institute of Australasia Financial Services Institute of Australasia
Australia

Membership

Dates Title Organisation / Department
Chair - Newcastle and Hunter Valley Branch CPA Australia

Awards

Research Award

Year Award
1989 Accounting and Finance Association of Australia and New Zealand Best Manuscript Award
Accounting and Finance Association of Australia and New Zealand
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Grants and Funding

Summary

Number of grants 15
Total funding $337,366

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


20171 grants / $10,000

The Valuation of Speculative Position-Taking and Imputation Tax Credits within the BHP Billiton Group Dual-Listed Structure$10,000

The Valuation of Speculative Position-Taking and Imputation Tax Credits within the BHP Billiton Group Dual-Listed Structure

Funding body: Australian Centre for Financial Studies

Funding body Australian Centre for Financial Studies
Project Team

Sean Pinder (University of Melbourne) and Steve Easton

Scheme External Grant
Role Investigator
Funding Start 2017
Funding Finish 2019
GNo
Type Of Funding Aust Competitive - Non Commonwealth
Category 1NS
UON N

20161 grants / $20,000

Market Efficiency and Corporate Governance Studies$20,000

Market Efficiency and Corporate Governance Priority Research Initiative

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

Funding body Faculty of Business and Law, University of Newcastle
Project Team

Stephen Easton and Abul Shamsuddin

Scheme Priority Research Initiative
Role Lead
Funding Start 2016
Funding Finish 2016
GNo
Type Of Funding Internal
Category INTE
UON N

20151 grants / $8,102

The development and implementation of an early warning system for corporate governance$8,102

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Stephen Easton, Doctor Paul Docherty
Scheme Linkage Pilot Research Grant
Role Lead
Funding Start 2015
Funding Finish 2015
GNo G1501203
Type Of Funding Internal
Category INTE
UON Y

20131 grants / $150,000

Market Efficiency and Corporate Governance Studies$150,000

Market Efficiency and Corporate Governance Priority Research Initiative

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

Funding body Faculty of Business and Law, The University of Newcastle
Project Team

Stephen Easton and Abul Shamsuddin

Scheme Priority Initiative Research Funding
Role Lead
Funding Start 2013
Funding Finish 2015
GNo
Type Of Funding Internal
Category INTE
UON N

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, Professor Stephen Easton, Emeritus Professor Jim Psaros, Dr Howard Chan, Professor Philip Gray
Scheme Research Grant
Role Investigator
Funding Start 2012
Funding Finish 2014
GNo G1100869
Type Of Funding Grant - Aust Non Government
Category 3AFG
UON Y

20081 grants / $1,700

57th Midwest Finance Association Conference, San Antonio Texas USA, 27/2/2008 - 1/3/2008$1,700

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Stephen Easton
Scheme Travel Grant
Role Lead
Funding Start 2008
Funding Finish 2008
GNo G0188497
Type Of Funding Internal
Category INTE
UON Y

20072 grants / $7,600

International Evidence on the Other January Effect $7,000

International Evidence on the Other January Effect

Funding body: Australian Centre for Financial Studies

Funding body Australian Centre for Financial Studies
Project Team

Sean Pinder (University of Melbourne) and Steve Easton

Scheme External Grant
Role Investigator
Funding Start 2007
Funding Finish 2007
GNo
Type Of Funding Aust Competitive - Non Commonwealth
Category 1NS
UON N

20th Australasian Finance and Banking Conference, Sydney, 12/12/2007 - 14/12/2007$600

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Stephen Easton
Scheme Travel Grant
Role Lead
Funding Start 2007
Funding Finish 2007
GNo G0188455
Type Of Funding Internal
Category INTE
UON Y

20061 grants / $1,570

Conference 1: Accountion and Finance Association of Australia and New Zealand Annual Conference 2-4 July Conference 2: 17th Asian Finance Association / Financial Management Association Conf.10-12 July$1,570

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Stephen Easton
Scheme Travel Grant
Role Lead
Funding Start 2006
Funding Finish 2006
GNo G0186538
Type Of Funding Internal
Category INTE
UON Y

20052 grants / $14,540

Director Share Trading: Disclosure and Market Integrity$14,000

Director Share Trading: Disclosure and Market Integrity

Funding body: Australian Centre for Financial Studies

Funding body Australian Centre for Financial Studies
Project Team

Robert Faff (Monash University) and Steve Easton

Scheme External Grant
Role Investigator
Funding Start 2005
Funding Finish 2005
GNo
Type Of Funding Aust Competitive - Non Commonwealth
Category 1NS
UON N

18th Annual Australasian Finance and Banking Conference, 14-16 December 2005$540

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Stephen Easton
Scheme Travel Grant
Role Lead
Funding Start 2005
Funding Finish 2005
GNo G0185976
Type Of Funding Internal
Category INTE
UON Y

20021 grants / $10,000

A Bayesian approach to using information in fundamental accounting variables to enhance portfolio investment, incorporating cyclical information in volatility$10,000

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Doctor Richard Gerlach, Professor Stephen Easton
Scheme Project Grant
Role Investigator
Funding Start 2002
Funding Finish 2002
GNo G0181405
Type Of Funding Internal
Category INTE
UON Y

19982 grants / $13,800

The Pricing of Low Exercise Price Options$7,000

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Stephen Easton
Scheme New Staff Grant
Role Lead
Funding Start 1998
Funding Finish 1998
GNo G0177687
Type Of Funding Internal
Category INTE
UON Y

The Impact on Futures Prices of Market Trading Procedures and the Volume of Trading$6,800

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Ms Sonia Shimeld, Professor Stephen Easton
Scheme Project Grant
Role Investigator
Funding Start 1998
Funding Finish 1998
GNo G0177269
Type Of Funding Internal
Category INTE
UON Y

19971 grants / $1,054

Fourth Annual Asia Pacific Finance Association Conference, Kuala Lumpur, 14-16 July 1997$1,054

Funding body: University of Newcastle

Funding body University of Newcastle
Project Team Professor Stephen Easton
Scheme Travel Grant
Role Lead
Funding Start 1997
Funding Finish 1997
GNo G0179456
Type Of Funding Internal
Category INTE
UON Y
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Research Supervision

Number of supervisions

Completed12
Current6

Total current UON EFTSL

PhD2.58

Current Supervision

Commenced Level of Study Research Title Program Supervisor Type
2016 PhD Board gender diversity and financial frauds of corporations: Evidence from USA PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Principal Supervisor
2016 PhD The impact of continuous arrival of investor sentiment measures on equity and option prices PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2016 PhD Explaining the idiosyncratic volatility puzzle in international markets PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2015 PhD Political connections, business group affiliation, family ownership, and firm performance in India PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Principal Supervisor
2015 PhD Risk and Efficiency of Islamic and Conventional Banks PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2013 PhD Net Share Issuance and Asset Pricing: An Australian Study 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
2017 PhD An Empirical Analysis of the Investment and Profitability Effects PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Principal Supervisor
2016 PhD The Momentum Premium: An Economic and Behavioural Examination PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2016 PhD Asset Pricing Factors in Malaysian Equity Returns PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2015 PhD Determinants of Dividend Policy - International Evidence: 1990 to 2010 PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Principal Supervisor
2015 PhD Studies on Return Predictability in the Malaysian Stock Market PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2015 PhD The Channels of Monetary Policy on Australian Financial Markets PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Principal Supervisor
2013 PhD Interest Rate Risk of Australian Financial Firms PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2012 Masters Risk Exposure of Islamic Financial Institutions: Evidence of Gulf Co-operation Council Countries M Philosophy (Accnt & Finance), Faculty of Business and Law, The University of Newcastle Co-Supervisor
2011 PhD Asset Pricing in Australia PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Principal Supervisor
2010 PhD Case Studies in Financial and Prediction Markets PhD (Accounting & Finance), Faculty of Business and Law, The University of Newcastle Sole Supervisor
2002 PhD Studies in Option Pricing Banking and Finance, University of Newcastle Co-Supervisor
2001 Masters Pricing of Australian Options on Futures Banking and Finance, University of Newcastle Co-Supervisor
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News

Medibank Private float offers retail investors an early Christmas gift

November 20, 2014

Paul Docherty and Steve Easton discuss the Medibank Private float

For this year’s Melbourne Cup, consider a charity rather than taking on Tom Waterhouse

October 29, 2014

Newcastle Business School academics crunch the numbers on the Melbourne Cup

Professor Stephen Easton

Positions

Professor
Newcastle Business School
Faculty of Business and Law

Casual Academic
Newcastle Business School
Faculty of Business and Law

Focus area

Accounting and Finance

Contact Details

Email steve.easton@newcastle.edu.au
Phone 15040
Fax 17160

Office

Room X-645
Building NeW Space
Location City Campus

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