Education Qualifications

A Certified Public Accountant (CPA), Institute of CPAs, 2006 A Chartered Financial Analysts (CFA), CFA Institute, 2003 PhD, Accounting, Carnegie Mellon University, 1998 MSc, IndAdAcc, Carnegie Mellon University, 1995 MEc, Monash University, 1993 CPA, CPA Australia, 1992 BEcon (Hons), Monash University, 1989 Diploma in Business Studies, Ngee Ann Polytechnic, 1982

Academic and Professional Experience

Vice-Dean (Fin & Admin), National University of Singapore, 2006 - Present MBA Academic Director, National University of Singapore, 2002 - 2005 Teaching Assistant, Carnegie Mellon University, 1994 - 1998 Senior Tutor, Carnegie Mellon University, 1992 - 1998 Assistant Lecturer, Monash University, 1990 - 1992

Selected Publications

Journal Articles

Analysts’ Recommendations : From which signal does the market take its lead?, with Robert Brown, Howard Chan, Review of Quantitative Finance and Accounting, 2009 Earnings Surprises, Asymmetry of Returns and Market Level Changes - An Industry Level Study, with John Sequira and T L Tang, Journal of Accounting, Auditing and Finance, 2007 Tier 2 The Relation Between R&D Intensity and Future Market Returns - Does Expensing versus Capitalization Matter?, with Howard Chan, Robert Faff, Philip Gharghori, Review of Quantitative Finance and Accounting, 2007 Initiating Coverage, Broker Reputation and Management Earnings Forecasts in Australia, with Robert Brown, Howard Chan, Accounting and Finance, 2007 Management Earnings Forecasts in a Continuous Disclosure Environment, with Howard Chan, Robert Faff, Alan Ramsay, Pacific Accounting Review, 2007 Asymmetric Market Reactions of Growth and Value Firms with Management Earnings Forecasts, with Howard Chan, Robert Faff, Alan Ramsay, International Review of Finance, 2006 Agency Costs and Management Contracting: Granting Executive Stock Options as a Strategic Compensation Practice?, with Lam Swee Sum, International Journal of Human Resource Development and Management, 2006 Initiation of Brokers' Recommendations, Marketing Predictors and Stock Returns, with Howard Chan, Rob Brown, Journal of Multinational Financial Management, 2006 Size, Leverage, Concentration and R&D Investment in Generating Growth Opportunities, with Chee Meng Yap and Mira Tjahjapranata, Journal of Business, 2006 Tier 1 The Effects of R&D and Advertising on Firm Value: An Examination of Manufacturing and Non-Manufacturing Firms, with Hean Tat Keh and Jin Mei Ong, Journal of IEEE Transactions on Engineering Management, 2005 Tier 1 R&D Investment and Systematic Risk, with Chee Meng Yap and Zhenyu Xu, Finance and Accounting, 2004 New Evidence on the Impact of Financial Leverage on Beta Risk: A Time Series Approach, with Robert Faff, and Robert Brooks, North American Journal of Economics and Finance, 2002 Singapore Airlines: Pro-active accounting practices – The Case of Accounting for Income Taxes, with Winston Kwok, Asian Case Research Journal, 2002 Mandatory Bid Rule: Impact of Control Threshold on Take-over Premiums, with Luh Luh Lan and See Leng Ng, Singapore Journal of Legal Studies, 2001 Tier 1 The Relation between Financial Statement Disclosures and the Cost of Equity Capital of Singapore Firms, with Li Li Eng and Fai Hong Kwok, Accounting Research Journal, 2001 US banking sector risk in an era of regulatory change: A bivariate GARCH approach, with Brooks, R, R Faff and M D McKenzie, Review of Quantitative Finance and Accounting, 17-43, United States, 2000 Exploring the economic rationale of extremes in GARCH generated betas: The case of US banks, with Brooks, R, R Faff and M D McKenzie, Quarterly Review of Economics and Finance, 85-106, United States, 2000 The Par Value of Shares: An irrelevant concept in modern company law, with L L Lan, Singapore Journal of Legal Studies, 552-572, Singapore, December, 1999 Tier 1 A GMM Test of the Three-Moment CAPM in the Australian Equity Market, with Robert Faff and Li Zhang, Asia Pacific Journal of Finance, 1998 A New Test of the Relationship between Regulatory Change in Financial Market and the Stability of Beta Risk of Depository Institutions, with Robert Faff and Robert Brooks, Journal of Banking & Finance, 1997 Tier 2

Membership And Professional Activities

A Certified Public Accountant (CPA) of Institue of CPAs of SIngapore A Chartered Financial Analysts (CFA), CFA Institute (US) A Fellow Certified Practising Accountant (FCPA) of the CPA Australia

Consultation and Executive Experience

Alcatel-Lucent Asahi-Glass Corporation Deloitte-Touche DHL EXEL Logistics MacDonalds Johnson and Johnson Monetary Authority of Singapore National Health Care Group Samsung Singapore General Hospital Stanford-NUS

Research Interests

Accounting and Valuation of Stock Options Financial Accounting, Accounting Regulation R&D and Valuation of Firms Valuation of Companies

Courses

FNA 3111  Corporate Accounting and Reporting BCP4002  Consulting Practicum BME5007  Accounting & Management of Financial Resources BMU5007  Corporate Finance (www.ucla.nus.edu)