Dr. Nelson Ma is a lecturer in Accounting at the UTS Business School. His research interests are in audit pricing, regulation and corporate governance, and has published in a number of peer-reviewed journals including Accounting and Finance, Australian Journal of Management and International Journal of Auditing. In 2019, he was a visiting scholar at the University of Florida, Monash University and Auckland University of Technology. Nelson has been interviewed on his research by major publications including Australian Financial Review (AFR), Financial Standard, and Sydney Morning Herald (SMH). Prior to commencing his current appointment, he completed his PhD in auditing regulation, received a Bachelor of Business (Honours) and worked on a major research project funded by the NSW Office of Environment & Heritage. Nelson has taught at the postgraduate and undergraduate level in auditing, corporate consolidation and business valuation, and currently focuses on introductory financial and management accounting.
- Media Mention: "Companies that ask for help with exec pay end up with wealthier CEOs" 23rd April 2019 (https://www.smh.com.au/business/banking-and-finance/companies-that-ask-…)
- Media Mention: "Audit rules increase costs, cut quality: PwC global boss Bob Moritz" 15 June 2017 (https://www.afr.com/business/accounting/accounting-watchdog-warns-big-f…)
- Co-Faculty Adviser for Beta Alpha Psi – Upsilon Tau Sigma Chapter (Rank: Superior) (2018-Ongoing). "UTS students to represent Australia in US after regional win" 30 April 2019 (https://www.uts.edu.au/about/uts-business-school/news/uts-students-repr…)
- Co-Faculty Adviser for UTS Case Team (2019-ongoing)
- Academic Caution Advisor for UTS Business School (2018-Ongoing)
- Course Coordinator (Accounting) - Appeals against Exclusion for UTS Business School (2017-2018)
- Business Faculty Student Representative for UTS Graduate Research Students’ Appeals Committee (2015 – 2016)
- UTS Business School Accounting Doctoral Scholarship 2014 – 2015
- UTS Business School 3 Minute Thesis Competition 2015 – People’s Choice Award
- UTS Business School Top 20 Postgraduate Lecturer Spring 2017
- UTS Business School Top 5 Undergraduate Tutor Spring 2015
- Ad hoc reviewer for Accounting and Finance, Australian Journal of Management, Journal of Contemporary Accounting and Economics
Can Supervise: Yep
- Audit Pricing
- Audit Regulation
- Executive Compensation
- Mergers and Acquisitions
- Introductory Financial Accounting
- Introductory Management Accounting
- Corporate Consolidation
- Business Valuation
Ferguson, A, Lam, P & Ma, N 2019, 'Further evidence on mandatory partner rotation and audit pricing: a supply-side perspective', Accounting and Finance.View/Download from: UTS OPUS or Publisher's site
Regulators and previous research have expressed concern about the effect of compensation consultants on CEO pay. We use the Australian setting, where fees for both compensation and other consulting services supplied by compensation consultants are mandated disclosures for all firms, to provide evidence on the role of compensation consultants on CEO pay. We find that the use of compensation consultants or remuneration advisers, fees for compensation services and positive residual compensation service fees are associated with higher CEO pay. In contrast, both the provision and the proportion of fees from other services provided by compensation consultants are not. Furthermore, these positive associations are not observed when a Big 4 accounting firm is the compensation consultant.
Grosse, M, Ma, N & Scott, T 2018, 'Interim reviews and the association between partner rotations and audit fees', International Journal of Auditing, vol. 22, no. 2, pp. 214-229.View/Download from: UTS OPUS or Publisher's site
This paper considers whether the association between partner rotation and audit fees varies based on whether the partner is rotated before the interim review or annual report audit. Consistent with prior literature, there is some evidence of higher fees in the year of rotation, but we find this effect is driven by partner rotations that occur before the interim review, which are 7.14% higher on average. We argue that rotations before the annual report audit are less likely to be planned, and thus audit firms cannot pass on increased costs due to a weaker bargaining position. Supporting evidence is provided, as results only persist when client bargaining power is low, and in contrast there are lower fees for rotations that occur before the annual report audit when client bargaining power is high.
Lam, H, Ferguson, A & Ma, N 2018, 'Market Reactions to Auditor Switches under Regulatory Consent and Market Driven Regimes', Journal of Contemporary Accounting and Economics, vol. 14, no. 2, pp. 197-215.View/Download from: UTS OPUS or Publisher's site
We examine market reactions to announcements of auditor switches by Australian-listed companies during the 'regulatory consent' period (2000–2011) under which auditor resignations require consent by the corporate regulator before taking effect at annual general meetings. Overall, we find no clear evidence of significant market responses to firms announcing auditor switches, consistent with a lack of information content or potential information leakage argument. However, examination of a more recent sample in the 'partial deregulation' period (2015–2017), whereby timing and consent provisions have been relaxed under a more market-driven regime, uncovers univariate evidence of market reactions directionally consistent with the audit quality interpretation. Overall, these results provide support for the regulator's recent initiative to deregulate the auditor resignation process in Australia to become more disclosure driven as in other jurisdictions.
Ghannam, S, Grosse, M, Loyeung, A & Ma, N 2018, 'The Role of Powerful CEOs in the Appointment of Accounting Financial Experts to the Audit Committee', European Accounting Association Annual Congress., Milan.
Grosse, MJ, Ma, N & Scott, T 2017, 'Evidence on compensation consultant fees and CEO pay in amandatory disclosure setting', Journal of Contemporary Accounting & Economics Annual Symposium 2017, Taiwan.
Ferguson, A, Lam, H & Ma, N 2017, 'Market Reactions to Auditor Switches under a Regulatory Consent Regime: Evidence from Australia', 2017 UTS Australian Summer Accounting Conference, Sydney, Australia.
Ghannam, S, Grosse, MJ, Loyeung, AL & Ma, N 2017, 'The Role of Powerful CEOs in the Appointment of Accounting Financial Experts to the Audit Committee', Accounting Theory and Practice Conference & Asian Accounting Associations conference.
Grosse, M, Ma, N & Scott, T 2017, 'Evidence on compensation consultant fees and CEO pay in a mandatory disclosure setting', Journal of Accounting, Auditing and Finance Conference 2017, University of Otago, Dunedin, New Zealand.View/Download from: UTS OPUS
Grosse, M, Ma, N & Scott, T 2017, 'Evidence on compensation consultant fees and CEO pay in a mandatory disclosure setting', 2017 Accounting and Finance Association of Australia and New Zealand Conference, Adelaide.
Grosse, MJ & Scott, T 2016, 'Interim reviews and the association between audit partner rotations and audit fees', Auckland Region Accounting Conference, Auckland University of Technology.
Grosse, MJ, Ma, N & Scott, T 2016, 'Evidence on compensation consultant fees and CEO pay in a mandatory disclosure setting', UTS/SMU/UNSW Accounting Research Conference, University of Technology Sydney.