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The University of Auckland
Business School
Owen G Glenn Building
12 Grafton Road
Auckland
New Zealand

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Professor Steven Cahan
Professor of Financial Accounting
Department:
Address:Owen G Glenn Building
12 Grafton Road
Auckland
Faculty:Business & Economics
Phone: +64 9 373 7599 Ext. 87175
Email: s.cahan@auckland.ac.nz

Steven Cahan is a Professor of Financial Accounting at the University of Auckland Business School. He has a BA from Vanderbilt University, masters from the University of Kansas, and PhD from the University of Colorado. He has published over 45 academic research articles, and his current research interests are in the areas of 1) auditing in the context of industry specialization and the Andersen collapse and 2) the adoption of International Financial Reporting Standards. Steven is a Fellow of the New Zealand Institute of Chartered Accountants and served as Moderator for the Institute's Professional Accounting School from 1997-2005. He has been active in the International Federation of Accountants, serving on the Consultative Advisory Group for the International Accounting Education Standards Board from 2005-2007, and he is currently a member of the Australia-New Zealand Shadow Financial Regulatory Committee. In 2006, Steven was a member of the peer review panel for the New Zealand government’s Performance Based Research Funding assessment exercise in which all New Zealand academics are graded based on research productivity. Steven is a former president of the Accounting and Finance Association of Australia and New Zealand, and is a past editor of the Pacific Accounting Review. In 2002, Steven was a founding organizer of the Auckland Region Accounting Conference, and in 2009, he helped organize the first New Zealand Quantitative Accounting Research Symposium and first Quantitative Accounting Research PhD Consortium. From 2006-2009, Steven served as the PhD Director for the University of Auckland Business School. In 2005, he received the Business School's Research Excellence Award for Sustained Research.
Selected Publications:
Refereed Journal Articles
2010 BOTICA REDMAYNE, N.,  BRADBURY, M.,  CAHAN, S.,  ‘An Examination of the Effect of Political Visibility on Audit Effort and Audit Pricing‘, Accounting and Finance, forthcoming.
2010 ZHANG, W.,  CAHAN, S.,  ‘Nonrecurring Accounting Transactions and Stock Option Grants‘, Journal of Business Finance and Accounting 37 (1/2), 93-129.
2010 MASCARENHAS, D.,  CAHAN, S.,  NAIKER, V.,  ‘The Effect of Audit Specialists on the Informativeness of Discretionary Accruals‘, Journal of Accounting, Auditing and Finance 25 (1), 53-84.
2009 CAHAN, S.,  EMANUEL, D.,  SUN, J.,  ‘Are the Reputations of the Large Accounting Firms Really International? Evidence from the Andersen-Enron Affair‘, Auditing: A Journal of Practice and Theory 28 (2), 199-226.
2009 CAHAN, S.,  VAN STADEN, C.,  ‘Black Economic Empowerment, Legitimacy, and Accounting Disclosures: Evidence from Post-Apartheid South Africa‘, Accounting and Finance 49(1), 37-58.
2009 SUN, J.,  CAHAN, S.,  EMANUEL, D.,  ‘Compensation Committee Governance Quality, Chief Executive Officer Stock Option Grants, and Future Firm Performance‘, Journal of Banking and Finance 33 (8), 1507-1519.
2009 SUN, J.,  CAHAN, S.,  ‘The Effect of Compensation Committee Quality on the Association between CEO Cash Compensation and Accounting Performance‘, Corporate Governance: An International Review 17(2), 193-207.
2009 SUN, J.,  CAHAN, S.,  EMANUEL, D.,  ‘The Effect of Earnings Quality and Country-Level Institutions on the Value Relevance of Earnings‘, Review of Quantitative Finance and Accounting 33 (4), 371-391
2009 RAINSBURY, E.,  BRADBURY, M.,  CAHAN, S.,  ‘The Impact of ‘Best Practice’ Membership Guidelines on Audit Committees and Financial Reporting Quality‘, Journal of Contemporary Accounting and Economics 5 (1), 20-33
2008 CAHAN, S.,  GODFREY, J.,  HAMILTON, J.,  JETER, D.,  ‘Auditor Specialization, Auditor Dominance and Audit Fees: The Role of Investment Opportunities‘, The Accounting Review 83(6), 1393-1423.
2008 RAINSBURY, E.,  BRADBURY, M.,  CAHAN, S.,  ‘Firm Characteristics and Audit Committees Complying with ‘Best Practice’ Membership Guidelines‘, Accounting and Business Research 38(5), 393-408.
2008 CAHAN, S.,  LIU, G.,  SUN, J.,  ‘Investor Protection, Income Smoothing, and Earnings Informativeness‘, Journal of International Accounting Research 7(1), 1-24.
2008 WEBB, K.,  CAHAN, S.,  SUN, J.,  ‘Legal Systems, Global Diversification and Voluntary Disclosure‘, Journal of International Accounting 43(3), 219-245.
2008 CAHAN, S.,  EMANUEL, D.,  HAY, D.,  WONG, N.,  ‘Non-audit Fees, Long-term Auditor-client Relationships, and Earnings Management‘, Accounting and Finance 48(2), 181-207.
2007 ZHANG, W.,  CAHAN, S.,  ‘Stock Option Exercise Profits and Discretionary Disclosure‘, Advances in Quantitative Analysis of Finance and Accounting, 5 (1), 63-84.
2006 CAHAN, S.,  ZHANG, W.,  ‘After Enron: Auditor Conservatism and Ex-Andersen Clients‘, The Accounting Review, 81 (1), 49-82.
2006 ANDERSON, H.,  ROSE, L.,  CAHAN, S.,  ‘Are Private Placement Purchasers Exploiting New Zealand’s Corporate Fundraising Regulatory Environment?‘, Pacific Basin Finance Journal, 14 (4), 367-394.
2005 CAHAN, S.,  CHUA, F.,  NYAMORI, R.,  ‘Corporate Governance and Executive Compensation in the Public Sector: New Zealand Evidence‘, Financial Accountability and Management, 21 (4), 437-465.
2005 CAHAN, S.,  RAHMAN, A.,  PERERA, H.,  ‘Global Diversification and Voluntary Corporate Disclosure‘, Journal of International Accounting Research, 4 (1), 73-79.
2005 ZHANG, W.,  CAHAN, S.,  ALLEN, A.,  ‘Insider Trading and Pay-Performance Sensitivity: An Empirical Analysis‘, Journal of Business, Finance and Accounting, 32 (9/10), 1887-1919.
2004 COURTENAY, S.,  CAHAN, S.,  ‘Differential Market Reaction to Noncurrent Asset Revaluations‘, Pacific Basin Finance Journal, 12 (2), 219-243.
2004 COURTENAY, S.,  CAHAN, S.,  ‘Differential Reaction to Noncurrent Asset Revaluations in the Presence of Debt and Financial Crisis‘, Accounting Research Journal, 17 (2)
2004 ANDERSON, H.,  ROSE, L.,  CAHAN, S.,  ‘Odd-Lot and Taxation Arguments for the Ex-Date Price Effects of Stock Dividends‘, Journal of Business Finance and Accounting, 31 (9/10), 1419-1448.
2003 PERERA, H.,  RAHMAN, A.,  CAHAN, S.,  ‘Globalization of the Accounting Profession: Prospects and Concerns‘, Australian Accounting Review, 13 (1), 27-37.
2002 RICEMAN, S.,  CAHAN, S.,  LAL, M.,  ‘Do Managers Perform Better Under EVA Bonus Schemes?‘, European Accounting Review, 11 (3), 537-572.
2001 ANDERSON, H.,  CAHAN, S.,  ROSE, L.,  ‘Stock Dividends: Announcement Effects in an Imputation Tax Environment‘, Journal of Business, Finance and Accounting, 28 (5/6), 653-669.
2001 WILKINSON, B.,  CAHAN, S.,  JONES, G.,  ‘Tax Strategies and Dividend Imputation: The Effect of Foreign and Domestic Ownership on Average Effective Tax Rates‘, Journal of International, Accounting, Auditing and Taxation, 10 (2), 157-175.
2001 ANDERSON, H.,  CAHAN, S.,  ROSE, L.,  ‘Taxable Bonus Issues: An Important Tool For Distributing Accumulated Imputation Credits‘, University of Auckland Business Review, 3 (1), 48-54.
2000 HOSSAIN, M.,  CAHAN, S.,  ADAMS, M.,  ‘The Investment Opportunities Set and Voluntary Use of Outside Directors: Some New Zealand Evidence‘, Accounting and Business Research, 30 (4), 263-273.
2000 CAHAN, S.,  COURTENAY, S.,  GRONEWOLLER, P.,  UPTON, D.,  ‘Value Relevance of Mandated Comprehensive Income Disclosures‘, Journal of Business, Finance and Accounting, 27 (9/10), 1273-1301.
1999 CAHAN, S.,  WILKINSON, B.,  ‘Board Composition and Regulatory Change: Evidence from the Enactment of New Companies Legislation in New Zealand‘, Financial Management, 28 (1), 32-42.
1999 CAHAN, S.,  ‘Kowhai Products International‘, Journal of Accounting Case Research, 5 (2), 108-117.
1998 CAHAN, S.,  REDMAYNE, N.,  ‘The Effect of Agency Costs on the Pricing of Audit Services‘, Accounting Research Journal, 11 (2), 352-364.
1997 CAHAN, S.,  CHAVIS, B.,  ELMENDORF, R.,  ‘Earnings Management of Chemical Firms in Response to Political Costs from Environmental Legislation‘, Journal of Accounting, Auditing, and Finance, 12 (1) (New Series), 37-65.
1997 LEMON, A.,  CAHAN, S.,  ‘Environmental Disclosures and Political Costs: New Zealand Evidence‘, Asian Review of Accounting, 5 (1), 75-105.
1996 CAHAN, S.,  ‘Political Use of Income: Some Experimental Evidence from Capitol Hill‘, Journal of Socio-Economics, 25 (1), 69-87.
1996 CAHAN, S.,  ‘Political Vulnerability and Earnings Management‘, Pacific Accounting Review, 8 (2), 69-97.
1996 CAHAN, S.,  HOSSAIN, M.,  ‘The Investment Opportunity Set and Disclosure Policy Choice‘, Asia Pacific Journal of Management, 13 (1), 65-85.
1995 ADAMS, M.,  CAHAN, S.,  ‘A Costly Contracting Analysis of the Insurance Firm‘, Journal of Interdisciplinary Economics, 6 (3), 203-220.
1995 CAHAN, S.,  MALONE, D.,  ‘Corporate Social Responsibility and Financial Disclosure‘, Business & Professional Ethics Journal, 14 (2), 23-46.
1993 CAHAN, S.,  ‘Electric Utility Income in Response to the Breakdown of the Three Mile Island Nuclear Power Plant and Subsequent Political Events‘, Journal of Accounting and Public Policy, 12 (1), 37-63.
1993 CAHAN, S.,  JOHNSON, E.,  ‘Were S&L Financial Statements Misleading? Some Evidence and Policy Prescriptions‘, Journal of Applied Business Research, 9 (1), 1-9.
1992 CAHAN, S.,  ‘Ethics and Disclosure in the Savings and Loan Industry‘, Business & Professional Ethics Journal, 11 (3/4), 57-72.
1992 CAHAN, S.,  KAEMPFER, W.,  ‘Industry Income and Congressional Regulatory Legislation‘, Economic Inquiry, 30 (1), 47-56.
1992 CAHAN, S.,  ‘The Effect of Monopoly Antitrust Investigations on Discretionary Accruals: A Refined Test of the Political Costs Hypothesis‘, The Accounting Review, 67 (1), 77-95.
1992 CAHAN, S.,  JOHNSON, E.,  ‘Transferability of Classroom Knowledge to Real World Accounting Problems: Evidence from the Savings and Loan Crisis‘, Journal of Education for Business, 67 (5), 282-286.
1991 CAHAN, S.,  ‘Accrual Choices of Oil Firms in Response to Vertical Divestiture Litigation and Legislation‘, Petroleum Accounting and Financial Management Journal, 10 (2), 168-194.
1991 CAHAN, S.,  ‘Disclosure Practices in the U.S. Savings and Loan Industry: A Test of the Signalling Hypothesis‘, Journal of Applied Business Research, 7 (4), 19-27.