Dr Chun Yu Mak PhD., MSc, BBA.

The Department of Finance
Lecturer in Accounting & Finance
Programme Director of MSc Investments (UK).

Contact details

Telephone
+44 (0) 121 414 2547
Fax
+44 (0) 121 414 6678
Email
c.y.mak@bham.ac.uk
Address
Birmingham Business School
University House
Birmingham
B15 2TT

Qualifications

  • PhD in Social Science & Economics 2003
  • Graduate Teaching Assistant 2001, 1999
  • MSc in Accounting & Finance 1997
  • Bachelor of Business Administration 1996

LCCI III Accounting 1993

Biography

Dr. Chun Yu Mak jointed the Department of Accounting and Finance, Birmingham Business School, University of Birmingham on 18th September 2003, after he obtained his PhD in Social Science & Economics at Manchester Business School, the University of Manchester.  His research specification is Capital Market Based Accounting Research (CMBAR) and he investigates how accounting information disclosure facilitates the valuation of assets of listed industrial firms. This research direction is based on the spectrum of studies surrounding capital market efficiency hypothesis, market anomalies, performance measurement, managers’ strategic disclosure behaviour, positive accounting theory, accounting conservatism, International Financial Reporting Standards (IFRS), corporate governance and financial analysts’ forecasts and valuations. He investigates corporate refocusing activities, M&As.

He publishes his papers on ABS  4* and 3* journals and acts as an ad hoc referee for ABS 3*academic journals.  In Dec 2013, he won the status of researcher of University 21 offered by the University of Birmingham.  He is the visiting researcher of Alliance Manchester Business School, the University of Manchester. He is the member of American Accounting Association (AAA), European Accounting Association (EAA), British Accounting and Finance Association (BAFA) and its Special Interest Groups in Corporate Governance, and Financial Accounting and Reporting, and a member of the Programme Committee of World Finance Conference. 

He is the Programme Director of MSc Investments (UK) and teaches (i) Security Analysis and Valuation for MSc Investments and MSc Financial Management students, (ii) LM Marketing and Finance for MSc Engineering students.

Teaching

  • LM Security Analysis and Valuation (optional module for MSc Investments and MSc Financial Management students in academic year 2017 to 2018).
  • LM Marketing and Financial Management

(compulsory module, for MSc Engineering students, since Sept. 2016.)

Postgraduate supervision

Ph.D. applicants are very welcome, in particular if they have computer programming skills and are able to use textual analysis software.

(i)                 PhD topic: Financial flexibility and corporate financial decision (starting on September 2016, duration is 3 years, join supervision with Dr. Jing-Ming Kuo for Miss Di Xiao, on basic of 50%.

 

(ii)               PhD topic: Impact of IFRS introduction in Brazil: a quality of accounting approach (starting on 15th September 2014, duration is 3 years. I am the first supervisor (80% work load), join supervision with Dr. Ping Wang.).  The PhD candidate is Andre Moura, who obtained the scholarship of National Research Council (CNPq) of Brazilian Government.

 

The progress of Andre’s PhD research is satisfactory.  He had completed two working papers, which were accepted by BAFA, EAA and AAA in 2016 and 2017 and doing the third one. 

 

Placement of PhD graduate:

Andre has obtained the position of Lecturer in Accounting at the University of Swansea and will start working for this position by the end of June 2017. He submitted his Ph.D thesis on 14th July 2017.  

 

(iii)             PhD topic: CEO characteristics, corporate policy and corporate performance (starting on 15th September 2014, duration is 3 years, I am the second supervisor (20% work load), join supervision with Dr. Ping Wang (80%)).  The PhD candidate is Xinyu Yu. 

 

(iv)             PhD topic: Impact of IFRS on the quality of financial accounting information of Jordan listed companies (starting on 15th September 2014, duration is 3 years, I am the second supervisor (20% work load), join supervision with Dr. George Georgiou (80%).

 

(v)               PhD topic: Management control systems change and mergers (starting in April 2010, completed on 19th June 2014, I am the second supervisor (20% work load), joint supervision with Professor Mathew Tsamenyi)

 

(vi)             Master in research: From cash basic budgeting to accrual budgeting: opportunities and challenges faced by financial controllers of the government (starting in Sept 2012 and completed on 31st July 2013, I am the first supervisor (50% work load), join supervision with Professor Ron Hodges).  The student is Mr. Bruno Mangualde who obtained a scholarship from Brazilian Government.

Research

Research interests

  • Capital market research in accounting
  • Quality of financial analysts’ forecasts
  • International Financial Reporting Standard and accounting information quality
  • Corporate restructuring activities

 

 Current projects

  • International Financial Reporting Standards and information quality in Latin America, China and Europe.

For Latin America countries, my research partners in Brazil, Mexico and UK and I are applying for a research fund offered by FAPESP, Brazil, University of Birmingham and University of Nottingham.

  • Chinese enterprises’ cross-border acquisitions
  • Corporate restructuring activities and financial analysts’ earnings forecasts.  This project consists of both individual and collaboration with scholars in the University of Manchester.
  • Financial analysts’ earnings forecasts and asset pricing model.  This project is collaborated with scholars in the US and China. 

Previous projects:

  • Conditional Conservatism and corporate refocusing
  • Corporate refocusing of UK listed industrial firms and financial analysts’ forecasts.
  • Market reaction and prediction for corporate refocusing of UK listed industrial firms

Other activities

  • Visiting researcher, Alliance Manchester Business School, University of Manchester, Jan to Dec 2017.
  • Visiting researcher, Alliance Manchester Business School, University of Manchester, Sept to Nov. 2010.
  • I acted as a referee for academic journals

Member of American Accounting Association (AAA)

Member of European Accounting Association (EAA)

Member of British Accounting and Finance Association (BAFA)

Member of Special Interest Group in Corporate Governance, Financial Accounting and Reporting of BAFA

Member of Programme Committee of World Finance Conference

Lecturer in Finance and Accounting

Publications

Mak, C. Y. “How do financial analysts interpret industrial firms’ corporate refocusing announcements?”  British Accounting Review (ABS 3*), on line in Nov 2016, forthcoming. DOI: 10.1016/j.bar.2016.10.003

 

 

Mak, C. Y. (2016). “Do market predictions affect its reaction to UK listed industrial firms’ corporate refocusing announcements?”  British Accounting Review (ABS 3*) 48, 464–478. DOI: 10.1016/j.bar.2014.11.002

 

Mak, C. Y., N. C. Strong and M. Walker.  “Conditional earnings conservatism and corporate refocusing activities.”  Journal of Accounting Research (ABS 4*), Vol.49 No.4 September 2011, 1041-1082.  DOI: 10.1111/j.1475-679X.2011.00414.x

 

Mak, C. Y., N. C. Strong and M. Walker (2008).  “Earnings conservatism and corporate refocusing activities” in M. Walker et al. (2008). ‘Understanding the earnings reporting practices of UK firms and their interactions with analysts’ earnings forecasts.’  Centre for Business Performance, ICAEW, London (ABS 3*).

 

Papers under peer review:

Mak, C. Y., C. A. D. Dosamantes, & Andre, A. F. Moura. (2017). Mandatory adoption of IFRS and accounting quality of Latin American firms. 

 

Freitas de Moura, A. A., Mak, C. Y. & Gupta, J. (2017). Does mandatory adoption of IFRS improve analysts’ information environment in Latin American countries?

 

Conference paper:

Mak. C. Y. (2017). Does mandatory adoption of IFRS affect real and accruals-based earnings management activities of European industrial firms?

Working papers:

Mak, C. Y., da Costa Moraes, M. B.  and C. A. Dorantes, (2017) “Changes in Latin American firms’ earnings management activities in the post IFRS adoption period”

Freitas de Moura, A. A. and Mak, C. Y. (2017). The effect of mandatory adoption of IFRS on the cost of capital of Latin American firms?