The University of Western Australia

W/Prof Izan H. Y. Izan

Winthrop Professor
Accounting and Finance

Contact details

Address

Accounting and Finance
The University of Western Australia (M252)
35 Stirling Highway
CRAWLEY WA 6009
Australia

Phone

6488 2627

Email

izan.izan@uwa.edu.au

Qualifications

BEc Monash, MBA PhD Chic., FCPA, FASSA

Biography

Izan is a Professor and Deputy Dean of the UWA Business School. Izan completed her Bachelor of Economics degree with first class honours at Monash University and completed her MBA and PhD degrees at the Graduate School of Business, University of Chicago. Her first academic appointment after her completing her PhD was as Lecturer at the Australian Graduate School of Management (AGSM) at the University of New South Wales.

Izan first joined UWA in 1981. She was appointed Professor in 1990, the first woman to be appointed Professor in her discipline in Australia. She served as Head of the Department of Accounting and Finance from January 1994 to December 1999. She left UWA to take up an appointment as Executive Dean of the Division of Business, IT and Law at Murdoch University in April 1999, but returned to UWA in June 2000. She was elected a Fellow of the Academy of the Social Sciences in Australia in 2004. Izan was Chair of UWA's Promotions and Tenure Committee from 1996 to 1998, and was Deputy Chair of the Academic Board from 2001 to 2002. She served as a Director of AlintaGas for 5 years from 1995 to 1999, and was Inaugural Chair of ArtsWA's Arts Venture Capital Board from 1996 to 2000. She served as a memberof the Black Swan State Theatre Company Board from 2004 to 2009.

Education

Bachelor of Economics (First Class Honours), Monash University (Clayton, Victoria, Australia), 1973
Master of Business Administration, University of Chicago, 1976
PhD, Graduate School of Business, University of Chicago, 1978

Publications

Career 10 best

Izan, H Y 1980, “To Pool or not to Pool: A Re examination of Tobin's Food Demand Problem.” Journal of Econometrics 13: 391 402.

Izan, H Y 1980, “Mandatory Audit Regulation for Banks: An Empirical Evaluation of its Effects.” Journal of Business 53: 377 96.

Izan, H Y 1984, “Corporate Distress in Australia.” Journal of Banking and Finance 8: 303-20.

Izan, H Y and K W Clements 1985, “A Cross Sectional Analysis of Asset Holdings.” Journal of Business Research 13: 473 81.

Izan, H Y, B Jalleh and L L Ong 1991, “International Diversification and Estimation Risk.” Australian Journal of Management 16: 73-90.

Clements, K W and H Y Izan 1987, “The Measurement of Inflation: A Stochastic Approach.” Journal of Business and Economic Statistics 5: 339 50.

Aitken, M, P Brown, H Y Izan, A Kua and T Walter 1995, “An Intraday Analysis of the Probability of Trading on the ASX at the Asking Price.” Australian Journal of Management 20: 115-54. This paper won the 1995 E Yetton Prize for the Best Paper in the AJM.

Aitken, M, P Brown, C Buckland, H Y Izan and T Walter 1996, “Price Clustering on the Australian Stock Exchange.” Pacific-Basin Finance Journal 4: 297-314.

Ong, L L, K W Clements and H Y Izan 1999, “The World Real Interest Rate: Stochastic Index Number Perspectives.” Journal of International Money and Finance 18: 225-49.

Clements K, H Y Izanand A Selvanathan 2006, Stochastic Index Numbers: A Review International Statistical Review. August, 74(2): 235 – 270.


Recent Publications

Journal Articles

Clements, K.W., Izan, I.H.Y., Lan, Y. 2009, “A Stochastic Measure Of International Competitiveness”, International Review Of Finance, 9, 1-2, Pp. 51-81.

Clements, K. W. and H. Y. Izan 2008, “The Stairway to the Top: The Remuneration of Academic Executives.” Australian Journal of Management 33: 1-30.

Clements, K. W., H. Y. Izan and Y. Lan. “A Stochastic Measure of International Competitiveness.” International Review of Finance forthcoming.

da Silva Rosa R, H Y Izan, M C-Y Lin and S C F Lin, “Board Governance and IPO Performance in the Short-run and Long-run”, Corporate Ownership & Control, 6, 1, Conference Volume, pp 15 to 34.

Kilcullen, L.A., Hancock, P., Izan, I.H.Y. 2007, “User requirements for not-for-profit entity financial reporting: an international comparison“, Australian Accounting Review, 17, 1, pp. 26-37.

da Silva Rosa, R., Etheridge, D.R., Izan, I.H.Y. 2007,”One Size Does Not Fit All: Small Companies and ASX Corporate Governance Compliance” Corporate Ownership & Control, 5, 1, pp. 66-78.

Mitchell, J, H Y Izan and R Lim 2006, “Australian On-Market Buy-backs: An Examination of Valuation Issues”, Multinational Finance Journal. Vol 10, No1/2, 43-79.

Barako, D.G., Hancock, P., Izan, I.H.Y. 2006, ”Factors Influencing Voluntary Corporate Disclosure by Kenyan Companies”, Corporate Governance: An International Review, 14, 2, pp. 107-125.

da Silva Rosa, R., Izan, I.H.Y., Ji, S. 2006, “Market misvaluation driven acquisitions: Contrary Australian evidence” Company and Securities Law Journal, 24, 2, pp. 75-92.

Clements, K.W., Izan, I.H.Y., Selvanathan, E.A. 2006, “Stochastic Index Numbers: A Review”, International Statistical Review, 74, 2, pp. 235-270.

Mitchell, J., Izan, I.H.Y. 2006, “Clustering and psychological barriers in exchange rates”, Journal of International Financial Markets, Institutions and Money, 16, pp. 318-344.

da Silva Rosa, R., Izan, I.H.Y., Lin, M. 2004, “Board Characteristics of Australian IPOs: An Analysis in Light of the ASX Best Practice Recommendations”, Australian Accounting Review, 14, 1, pp. 25-32.

Full Refereed Conference Papers

Lin, M C-Y., Lin, S C-F., da Silva Rosa, R., and Izan, H. Y., 2009, “Post-IPO Changes in Board Structures and Long-run Performance”, MDIS 2008, International Conference on Market Development and Investment Strategies, Singapore.

Lin, M C-Y., Lin, S C-F., da Silva Rosa, R., and Izan, H. Y., 2009, “Agency Costs of Free Cash Flow and Acquisitions”, MDIS 2008, International Conference on Market Development and Investment Strategies, Singapore.

Etheridge, D, R da Silva Rosa and H Y Izan 2008, “Director Interlocking: What we know and what we are yet to learn”. Accounting and Finance Association of Australia and New Zealand Annual Conference, Sydney.

Duong L, H Y Izan, and R da Silva Rosa 2008, “Takeover Waves and Influences of Financial and Economic Factors: A Re-examination Using Markov Switching Model”, 21st Australian Finance Conference, UNSW, Sydney.

Kilkullen, L, Hancock, P. & Izan,H 2008, ”Identiftying users of external financial information of private sector not-for-profit entities: Perspectives from preparers and users.” Presented to the 31st Annual Conference European Accounting Association, Rotterdam, April; and Annual Conference Accounting and Finance Association of Australia and New Zealand, Sydney, July.

Kilcullen, L.A., Hancock, P., Izan, I.H.Y. 2007, “Defining a Not For Profit Entity in Australia - An Empirical Analysis”, 2007 AFAANZ Conference, http://www.afaanz.org/openconf/openconf.php, n/a, pp. n/a.

Carvalho, J.P., Izan, I.H.Y., Watson, I.D. 2007, “Investor Communications around Adverse Earnings Shocks”, 2007 AFAANZ Conference, http://www.afaanz.org/openconf/openconf.php, n/a, pp. n/a.

Barako, D., Tower, G., Brown, A., Hancock, P., Izan, I.H.Y. 2007, “Corporate communication of the HIV/AIDA crisis in Africa”, 2007 AFAANZ Conference, http://www.afaanz.org/openconf/openconf.php, n/a, pp. n/a.

Duong, T.H.L., da Silva Rosa, R., Izan, I.H.Y. 2007, “Modeling of Time-Series Merger Activity with a State-Space and Markov Switching Approach”, 2007 AFAANZ Conference, http://www.afaanz.org/openconf/openconf.php, n/a, pp. n/a.

Conference Full Written Non Refereed Papers

Kilcullen, L.A., Hancock, P., Izan, I.H.Y. 2005, “Meeting the information needs of not-for-profit users under the international financial reporting standards: A review of the Australian position”, Accounting and Finance Association of Australia and New Zealand, Melbourne, n/a, pp. n/a.

Funding received

Dr Raymond da Silva Rosa, Professor Izan Izan, Dr Martin Bugeja 2006, “DP0772702 - The Role of Directors in Corporate Takeovers”, ARC Discovery Projects, Funds Approved: $179,000.00. RFCD:

Professor Kenneth Clements, Professor Izan Izan, A/Prof G Selvanathan 2002, “Stochastic Index Numbers and Their Application in Accounting, Economics and Finance”, ARC Discovery Projects, Funds Approved: $126,000.00. RFCD:

Australian Research Council Collaborative Research Grant, with the Australian Stock Exchange (ASX), 1994 – 1996 totalling $394,000 (with matching funds from the ASX). (with P Brown, T Walter, M Aitken)

Mechanism C Grant 1994, $142,000 (with P Brown)

Australian Research Council for a study on Executive Compensation, 1991 and 1992, ($46,000).

University of Western Australia, Individual Research Grant for a study on Costs of Central Services in Higher Education, 1991. (with P Brown and P Robinson). ($26,000).

Australian Research Council for a study on Incentive Plans and Corporate Performance, 1992. (with P Brown and R Wood). ($32,000).

The Reserve Bank of Australia Economic and Financial Research Grant, 1981 for a study on Corporate Failure in Australia. ($4,000)

The Reserve Bank of Australia Economic and Financial Research Grant, 1982 for a study on the Measurement of Inflation in Australia. (with K W Clements). ($4,000).

University of Western Australia, Special Research Grant, 1988. ($4,200).

University of Western Australia, Individual Research Grant for a study on Costs of Central Services in Higher Education, 1991. (with P Brown and P Robinson). ($26,000).

Memberships

Fellow, Academy of Social Sciences in Australia
Fellow, Australian Society of Certified Practising Accountants
Member, Accounting Association of Australia and New Zealand
Member, American Accounting Association
Member, American Finance Association

Honours and awards

1972 Hungerford, Spooner and Kirkhope Prize for Accounting and Commercial Law, Monash University, Australia

Graduate School of Business Fellowship, University of Chicago, 1974 77

Elected member of Beta Gamma Sigma, June 1976

Recipient of the 1994 Sydney Futures Exchange Competitive Research Award

Recipient of the 1995 E Yetton Prize for the Best paper in the Australian Journal of Management

Elected Fellow, Australian Academy of Social Sciences, September 2004

Previous positions

2000 - 2004 Professor, and Director of Doctoral Programs, Graduate School of Management, University of Western Australia
2001 - 2002 Deputy Chair, Academic Board, UWA
1999 - 2000 Executive Dean, Division of Business, Information Technology and Law, Murdoch University, Murdoch, WA
1994 - 1999 Professor and Head of Department, Department of Accounting and Finance, UWA
1990 - 1993 Professor, Department of Accounting and Finance, UWA
1988 - 1990 Associate Professor, Department of Accounting and Finance, UWA
1985 - 1986 Senior Lecturer, Department of Accounting and Finance, UWA
1981 - 1984 Lecturer, Department of Accounting and Finance, UWA
1979 - 1981 Lecturer, Australian Graduate School of Management, University of New South Wales
1974 Audit Assistant, Peat Marwick Mitchell, Sydney

Teaching

Investment Analysis
Corporate Finance Theory
Research Methods in Accounting and Finance

Current external positions

1995 - 1999Director, AlintaGas
1996 - 2000Chair, Arts Venture Capital Advisory Committee, ArtsWA
1998 – 1999 Chair, Audit Committee of the Board of Directors, AlintaGas,
2000 - 2001Honorary Treasurer, Australian Federation of University Women, WA Branch
2003 - PresentDirector, Black Swan State Theatre Company
2002 - PresentMember and Chair, Higher Education Advisory Committee, WA Department of Educational Services
2008 - PresentMember, HEAC Chairs Forum

Research profile

Research profile and publications