Associate Professor Chelsea Liu

Associate Professor Chelsea Liu
 Position Associate Prof/Reader
 Org Unit Accounting
 Email chelsea.liu@adelaide.edu.au
 Telephone +61 8 8313 0919
 Location Floor/Room 13 ,  Nexus 10 ,   North Terrace

  • Biography/ Background

    Dr Chelsea Liu is an Associate Professor at the University of Adelaide Business School. Her research interests are in the areas of corporate environmental responsibility, corporate governance, gender diversity, and mergers & acquisitions. Chelsea's research has been published in leading finance and legal journals worldwide, including Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Business Ethics, Journal of Business Finance and Accounting, and Journal of Empirical Legal Studies (based at Cornell Law School). Chelsea's research has featured on the Harvard Law School Corporate Governance Forum and has been covered by more than 20 news media outlets in the United States, Canada, the United Kingdom, Australia, and the Netherlands.

    Chelsea began teaching at the University of Adelaide in 2007. She holds a practicing certificate as a barrister and solicitor in Australia. Prior to becoming a full-time academic, Chelsea worked at commercial law firms.

  • Qualifications

     

    Master of Computer and Information Technology, University of Pennsylvania

    Graduate Certificate in Online Learning (Higher Education), University of Adelaide

    PhD in Business, University of Adelaide

    Graduate Diploma in Legal Practice, Law Society of South Australia 

      •    Barrister & Solicitor of the Supreme Court of South Australia

      •    Solicitor of the High Court of Australia

    Bachelor of Laws (1st Class Honours, Justin Skipper Prize), University of Adelaide

    Bachelor of Commerce (1st Class Honours, University Medal), University of Adelaide

  • Awards & Achievements

    International/National Awards

    Best Paper Award (Corporate Finance), Accounting and Finance Association of Australia and New Zealand (AFAANZ) Annual Conference, 2018

    Best Paper Award (Corporate Governance), AFAANZ Annual Conference, 2013

    AFAANZ/CPA Australia/ICAA/IPA PhD Completion Grant, 2012

    Council of Advisors Award, Golden Key International Honour Society (USD$10,000), 2011

    Golden Key Contribution to Campus Life Award (Asia-Pacific Region), Golden Key International Honour Society, 2009

    University/School-Level Awards

    Executive Dean’s Award for Excellence in Teaching, The University of Adelaide, 2016

    Faculty of the Professions Women’s Fellowship, The University of Adelaide 2016

    Australian Postgraduate Award, The University of Adelaide, 2010-2012

    Baillieu Supplementary Research Scholarship, The University of Adelaide, 2010-2012

    Justin Skipper Prize, The Stow Prizes, The R.W. Bennett Prizes, Adelaide Law School, The University of Adelaide, 2009

    University Medal, The University of Adelaide, 2007

    Bernie Mills Medal for the Most Outstanding Honours Thesis, Adelaide Business School, 2007

    The Commerce Prize for the Most Distinguished Commerce Graduate, Adelaide Business School, The University of Adelaide, 2006

    The CPA Joseph Fisher Medal for Accounting, Adelaide Business School, 2006

  • Teaching Interests

    Research Supervision

    Available for supervision

    Qualified as Primary PhD Supervisor (The University of Adelaide Doctoral Supervisor Register)

    Honours supervision: Yaobo Yu (Finance), Dissertation Title: Just promoted? The probability and market valuation effects of the appointments of directors as CEOs (1st class, co-supervised by Prof. A Yawson) 2014

    Thesis Examination

    M.Phil, Curtin University 2018

    Master of Business Research, The University of Adelaide 2013

    Selected Teaching Experience

    PhD Research Coursework: Introduction to Selected Research Topics, University of Washington

    Advanced Theory in Accounting (Research Coursework), The University of Adelaide

    Quantitative Methods (Postgraduate), The University of Adelaide

    Corporate Accounting (Undergraduate), The University of Adelaide

  • Publications

    Refereed Journal Articles

    Liu C. (2021), 'CEO Gender and Employee Relations: Evidence from Labor Lawsuits', Journal of Banking & Finance 128, 106136.

    Liu C., Cheong C., and Zurbruegg Y. (2020), 'Rhetoric, Reality, and Reputation: Do CSR and Political Lobbying Protect Shareholder Wealth against Environmental Lawsuits?', Journal of Finacial and Quantitative Analysis, 55(2), pp. 679-706.

    Liu C. (2020), 'Judge political affiliation and impacts of corporate environmental litigation', Journal of Corporate Finance, 64, 101670.

    Lin, B., Liu, C., Tan, K. & Zhou, Q. (2020), 'CEO turnover and bankrupt firms’ emergence', Journal of Business Finance and Accounting, 47 (9-10), 1238-1267.

    Lanis, R., Richardson G., Liu C. and McClure R. (2019), ‘The Impact on Corporate Tax Avoidance on Board of Directors and CEO Reputation’, Journal of Business Ethics, 160(2), pp. 463-498.

    Li, M., Liu, C., and Scott, T. (2019) ‘Share Pledging and Firm Value’, Pacific Basin Finance Journal, 55, pp.192-205.

    Liu, C., Elms, P. (2019), ‘Animating Student Engagement: The Impacts of Cartoon Instructional Videos on Learning Experience’, Research in Learning Technology, 27, pp. 2124–2154.

    Liu C. and Yawson A. (2018), ‘Who Acquires Toxic Targets?’, Journal of Empirical Legal Studies, Vol. 15(4), pp. 842-874.

    Liu C. (2018), ‘Are women greener? Corporate gender diversity and environmental violations’, Journal of Corporate Finance, Vol. 52, pp. 118-142.

    • Selected press: Daily Mail, The Advertiser, The Economic Times, The Lead – South Australia, Environmental Leader. 
    • Best paper award – Accounting and Finance Association of Australia and New Zealand (AFAANZ) Annual Conference (2013)

    Liu C., Aharony J., Richardson G. and Yawson A. (2016), ‘Corporate litigation and changes in CEO reputation: Evidence from U.S. Federal Courts’, Journal of Contemporary Accounting and Economics, Vol. 12, pp. 15-34

    • Selected press: The Guardian, The Daily Telegraph, The Mercury, The Advertiser, Nine News, News.com.au, The Lead – South Australia, Environmental Leader.
    • Best paper award – Accounting and Finance Association of Australia and New Zealand (AFAANZ) Annual Conference (2013)

    Aharony, J, Liu C., and Yawson A. (2015), ‘Corporate Litigation and Executive Turnover', Journal of Corporate Finance, Vol. 34, pp. 268-292

    Liu, C., Gould G., and Burgan B. (2014), ‘Value Relevance of Financial Statements: Evidence from A- and B-share Markets in China’, International Journal of Managerial Finance, Vol. 10, Issue 3, pp. 332-367

    Refereed Conference Proceedings

    Liu, C. (2018), Are women greener? Corporate gender diversity and environmental violations, Best Paper Award (Corporate Finance), AFAANZ Annual Conference, Auckland, New Zealand, Jul 2018

    Li, M., Liu, C., and Scott T. (2018), Share pledging and firm value, Financial Market and Corporate Governance Conference, La Trobe University, Australia*, Apr 2018

    Liu, C. and Yawson A. (2017), Who Acquires Toxic Assets?, Australasian Finance & Banking Conference, University of New South Wales, Australia*, Dec 2017

    Li, M., Liu, C., and Scott T. (2017), Share pledging and firm value, Australasian Finance & Banking Conference, University of New South Wales, Australia*, Dec 2017

    Liu, C. and Yawson A. (2016), Corporate Lawsuits and M&A, Conference on Empirical Legal Studies, Cornell University, Ithaca, Oct 2016

    Liu, C. and Yawson A. (2017), Who Acquires Toxic Assets?, Accounting and Finance Association of Australia and New Zealand (AFAANZ) Annual Conference, Adelaide, Australia , Jul 2017

    Liu, C. and Yawson A. (2016), Corporate Lawsuits and M&A, Conference on Empirical Legal Studies, Duke University, Durham, Nov 2016

    Liu, C. and Yawson A. (2016), Corporate Lawsuits and M&A, Finance Research Network (FIRN) Corporate Finance Meeting, University of New South Wales, Australia, Aug 2016

    Liu, C. and Yawson A. (2016), Takeover Activities and Information Spillovers following Corporate Litigation, AFAANZ Annual Conference, Gold Coast, Australia, Jul 2016

    Liu, C. (2015), Corporate Litigation and Changes in Executive Reputation, Journal of Contemporary Accounting and Economics Symposium, Hobart, Australia, Jul 2015  

    Liu, C. (2013), Corporate Litigation and Executive Reputation, Best Paper Award (Corporate Governance), AFAANZ Annual Conference, Perth, Australia, Jul 2013  

    Aharony J., Liu, C., and Yawson A. (2013), Corporate Litigation and Board Restructuring, European Financial Management Association Annual Meeting, University of Reading, UK*, Jun 2013

    Liu, C. (2013) Corporate Litigation and Executive Compensation, UTS Emerging Accounting Researcher Consortium, University of Technology Sydney, Australia, Feb 2013

    Aharony J., Liu, C., and Yawson A. (2012), Corporate Litigation and Corporate Governance Restructuring, Conference on Empirical Legal Studies, Stanford University, Palo Alto, Nov 2012

    Aharony J., Liu, C., and Yawson A. (2012), Corporate Litigation and Corporate Governance Restructuring, AFAANZ Annual Conference, Melbourne, Australia, Jul 2012

    Aharony J., Liu, C., and Yawson A. (2012), Corporate Litigation and Corporate Governance Restructuring, European Accounting Association Annual Congress, Ljubljana, Slovenia, May 2012

    Aharony J., Liu, C., and Yawson A. (2011), Corporate Litigation and Corporate Governance Restructuring, Conference on Empirical Legal Studies, Northwestern University, Chicago, Nov 2011

    Liu, C. (2011), Effects of Corporate Litigation on Executive Turnover and Board of Directors Composition: An Empirical Analysis, The 2011 Annual Meeting of the American Law and Society Association, San Francisco, Jun 2011

    Liu, C. (2007), Comparative value-relevance of Chinese and international accounting standards in China, National Honours Colloquium, University of New South Wales, Australia, Aug 2007

    (* denotes presentations by co-authors)

    Non-Refereed Publications

    ‘CEOs emerge unscathed by environment lawsuits’, The Conversation, Feb 2016

    ‘CEOs emerge unscathed by environment lawsuits’, EconoTimes*, 2016

    ‘CEOs emerge unscathed by environment lawsuits’, Carbon Emission News*, 2016

    ‘CEOs emerge unscathed by environment lawsuits’, International Business Times*, 2016

    (* republished)

    Press Coverage

    ‘Being sued could boost executives' careers’, The Daily Telegraph, Feb 2016

    ‘Being sued could boost executives' careers’, The Mercury, Feb 2016

    ‘Being sued could boost executives' careers’, News.com.au, Feb 2016

    ‘Being sued could boost executives' careers’, Nine News, Feb 2016

     ‘Wrongs pay off for CEOs’, The Advertiser, Feb 2016

    ‘CEO reputations intact after environmental lawsuits’, The Lead – South Australia, Mar 2016

    ‘CEOs scot-free after scandals’, FinanceCareer, Mar 2016

    ‘No Reputational Penalty for CEOs on Environment Lawsuits’, Environmental Leader, Mar 2016

    ‘Getting off scot-free’, The Guardian, Mar 2016

  • Professional Associations

    Ad hoc Referee

    Journal of Financial and Quantitative Analysis (A*)

    Review of Accounting Studies (A*)

    Journal of Corporate Finance (A*) [Outstanding Reviewer Award 2018]

    Journal of Banking and Finance (A*)

    Journal of Business Finance and Accounting (A*)

    Journal of Empirical Legal Studies (A*)

    Nature Energy (A*) 

    Accounting and Finance (A)

    Australian Journal of Management (A)

    British Journal of Management (A) [Best Reviewer Award 2020]

    Corporate Governance: An International Review (A) 

    Energy Journal (A)

    Finance Research Letters (A)

    International Journal of Managerial Finance (A) [Outstanding Reviewer Award 2018]

    International Review of Financial Analysis (A)

    Journal of Accounting and Public Policy (A)

    Journal of Business Ethics (A)

    Journal of Business Research (A)

    Journal of Contemporary Accounting and Economics (A)

    Journal of International Accounting Research (A)

    Pacific Basin Finance Journal (A)

    Accounting Forum (B)

    Applied Economics Letters (B)

    Australian Accounting Review (B)

    Emerging Markets Finance and Trade (B)

    Journal of Applied Accounting Research (B)

    Journal of Biological Education (B)

    Pacific Accounting Review (B)

    Canadian Journal of Agricultural Economics

    Economics and Business Letters

    Environmental Impact Assessment Review

    Future Business Journal

    Journal of Education and Learning

    PLOS One

    Review of Managerial Science

     

    Professional Memberships

    American Finance Association

    Society for Empirical Legal Studies

    Accounting and Finance Association of Australia and New Zealand

    Practising Certificate, Barrister and Solicitor of the Supreme Court of South Australia and Solicitor of the High Court of Australia

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Entry last updated: Monday, 6 Jun 2022

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