Professor Peter Clarkson
Discipline Convenor, Accounting & Professor in Accounting
School of Business
+61 7 334 68015
Room 439, Colin Clark Building (39), St. Lucia Campus
Researcher biography
Peter Clarkson undertakes research and teaching in both accounting and finance. His current research interests encompass issues relating to voluntary disclosure (both of a financial and a non-financial nature), company performance and valuation, and the economic implications of environmental performance. His work has been published in academic journals including The Accounting Review (TAR), Journal of Accounting and Economics (JAE), Contemporary Accounting Research (CAR), Accounting, Organisations and Society (AOS), Journal of Accounting and Public Policy (JAAP), Abacus, Journal of Finance (JF), and Journal of Financial and Quantitative Analysis (JFQA)., as well as in professional periodicals. He is currently an Editor of Contemporary Accounting Research and Associate Editor for Journal of Business Finance & Accounting, Journal of International Accounting Research, and Journal of Contemporary Accounting and Economics.
Book Chapters
Clarkson, Peter M., Grewal, Jody and Richardson, Gordon D. (2023). The equity value relevance of carbon emissions. Handbook of business and climate change. (pp. 326-339) edited by Anant K. Sundaram and Robert G. Hansen. Cheltenham, United Kingdom: Edward Elgar.
Herbohn, Kathleen, Clarkson, Peter and Wallis, Mark (2022). The state of climate change-related risk disclosures and the way forward. Handbook of accounting and sustainability. (pp. 343-364) edited by Carol Adams. Cheltenham, United Kingdom: Edward Elgar Publishing.
Clarkson, Peter M. (2012). The valuation relevance of environmental performance: evidence from the academic literature. Contemporary issues in sustainability accounting, assurance and reporting. (pp. 11-42) edited by Stewart Jones and Janet Ratnatunga. Bingley, U. K.: Emerald Group Publishing.
Journal Articles
Bose, Sudipta, Clarkson, Peter M. and Richardson, Gordon D. (2024). Valuation implications of mandatory CSR expenditure in India. Abacus, 60 (1), 91-129. doi: 10.1111/abac.12299
Clarkson, Peter, Nekrasov, Alexander, Simon, Andreas and Tutticci, Irene (2020). Target price forecasts: the roles of the 52-week high price and recent investor sentiment. Journal of Business Finance and Accounting, 47 (9-10), 1365-1399. doi: 10.1111/jbfa.12497
Clarkson, Peter, Gao, Ru and Herbohn, Kathleen (2020). The relationship between a firm's information environment and its cash holding decision. Journal of Contemporary Accounting and Economics, 16 (2) 100201, 100201. doi: 10.1016/j.jcae.2020.100201
Clarkson, Peter M., Ponn, Jordan, Richardson, Gordon D., Rudzicz, Frank, Tsang, Albert and Wang, Jingjing (2020). A textual analysis of US corporate social responsibility reports. Abacus-A Journal of Accounting Finance and Business Studies, 56 (1), 3-34. doi: 10.1111/abac.12182
Clarkson, Peter, Li, Yue, Richardson, Gordon and Tsang, Albert (2019). Causes and consequences of voluntary assurance of CSR reports: International evidence involving Dow Jones Sustainability Index Inclusion and Firm Valuation. Accounting, Auditing and Accountability Journal, 32 (8), 2451-2474. doi: 10.1108/AAAJ-03-2018-3424
Hsu, Grace C.-M., Clarkson, Peter and Ouyang, Annabelle X. (2019). Do biotechnology and health-care firms have poorer continuous disclosure practices as reflected in ASX queries?. Accounting Research Journal, 32 (2), 88-112. doi: 10.1108/ARJ-12-2015-0152
King, Robyn and Clarkson, Peter (2019). An investigation of the relation between ownership structure and management control in professional service organisations. Journal of Accounting and Organizational Change, 15 (1), 147-168. doi: 10.1108/JAOC-03-2018-0033
Beaumont, Stacey, Clarkson, Peter and Tutticci, Irene (2018). Identifying lobbying strategies: an analysis of public responses to the Productivity Commission Inquiry into executive remuneration in Australia. Journal of Contemporary Accounting and Economics, 14 (3), 288-306. doi: 10.1016/j.jcae.2018.07.001
Clarkson, Peter M., Gray, Stephen F. and Ragunathan, Vanitha (2018). Market timing as an explanation for the short-lived premium on cross-listing. Accounting and Finance, 58 (S1), 131-157. doi: 10.1111/acfi.12310
Herbohn, Kathleen, Gao, Ru and Clarkson, Peter (2017). Evidence on whether banks consider carbon risk in their lending decisions. Journal of Business Ethics, 158 (1), 1-21. doi: 10.1007/s10551-017-3711-3
Elijido-Ten, Evangeline and Clarkson, Peter (2017). Going beyond climate change risk management: insights from the world's largest most sustainable corporations. Journal of Business Ethics, 157 (4), 1-23. doi: 10.1007/s10551-017-3611-6
Benson, Karen, Clarkson, Peter M, Smith, Tom and Tutticci, Irene (2016). Corrigendum to: A review of accounting research in the Asia Pacific region (Australian Journal of Management, 40, 1, (36), 10.1177/0312896214565121). Australian Journal of Management, 41 (4), 660-661. doi: 10.1177/0312896216666613
Jung, Juhyun, Herbohn, Kathleen and Clarkson, Peter (2016). Carbon risk, carbon risk awareness and the cost of debt financing. Journal of Business Ethics, 150 (4), 1151-1171. doi: 10.1007/s10551-016-3207-6
King, Robyn and Clarkson, Peter M. (2015). Management control system design, ownership, and performance in professional service organisations. Accounting, Organizations and Society, 45, 24-39. doi: 10.1016/j.aos.2015.06.002
Benson, Karen, Clarkson, Peter M., Smith, Tom and Tutticci, Irene (2015). A review of accounting research in the Asia Pacific region. Australian Journal of Management, 40 (1), 36-88. doi: 10.1177/0312896214565121
Clarkson, Peter M., Li, Yue, Pinnuck, Matthew and Richardson, Gordon D. (2015). The valuation relevance of Greenhouse Gas Emissions under the European Union Carbon Emissions Trading Scheme. European Accounting Review, 24 (3), 551-580. doi: 10.1080/09638180.2014.927782
Artiach, Tracy and Clarkson, Peter (2014). Conservatism, disclosure and the cost of equity capital. Australian Journal of Management, 39 (2), 293-314. doi: 10.1177/0312896213481367
Clarkson, Peter M., Pathan, Shams and Tellam, Andrew (2014). Do private equity target firms exhibit less effectual governance structures?. Australian Journal of Management, 41 (2), 244-270. doi: 10.1177/0312896214539817
Clarkson, Peter M. (2013). Editorial: Australian Journal of Management Symposium special issue. Australian Journal of Management, 38 (3), 443-445. doi: 10.1177/0312896213512914
Clarkson, Peter M., Fang, Xiaohua, Li, Yue and Richardson, Gordon (2013). The relevance of environmental disclosures: are such disclosures incrementally informative?. Journal of Accounting and Public Policy, 32 (5), 410-431. doi: 10.1016/j.jaccpubpol.2013.06.008
Chapple, Larelle, Clarkson, Peter M. and Gold, Daniel L. (2013). The cost of carbon: capital market effects of the proposed Emission Trading Scheme (ETS). Abacus, 49 (1), 1-33. doi: 10.1111/abac.12006
Clarkson, Peter M. (2012). Publishing: Art or science? Reflections from an editorial perspective. Accounting and Finance, 52 (2), 359-376. doi: 10.1111/j.1467-629X.2012.00472.x
Clarkson, Peter M., Walker, Julie and Nicholls, Shannon (2011). Disclosure, shareholder oversight and pay-performance link. Journal of Contemporary Accounting and Economics, 7 (2), 47-64. doi: 10.1016/j.jcae.2011.07.001
Clarkson, Peter, Hanna, J. Douglas,, Richardson, Gordon D. and Thompson, Rex (2011). The impact of IFRS adoption on the value relevance of book value and earnings. Journal of Contemporary Accounting and Economics, 7 (1), 1-17. doi: 10.1016/j.jcae.2011.03.001
Clarkson, Peter M., Overell, Michael B. and Chapple, Larelle (2011). Environmental reporting and its relation to corporate environmental performance. Abacus, 47 (1), 27-60. doi: 10.1111/j.1467-6281.2011.00330.x
Clarkson, Peter M., Li, Yue, Richardson, Gordon D. and Vasvari, Florin P. (2011). Does it really pay to be green? Determinants and consequences of proactive environmental strategies. Journal of Accounting and Public Policy, 30 (2), 122-144. doi: 10.1016/j.jaccpubpol.2010.09.013
Artiach, Tracy C. and Clarkson, Peter M. (2011). Disclosure, conservatism and the cost of equity capital: A review of the foundation literature. Accounting and Finance, 51 (1), 2-49. doi: 10.1111/j.1467-629X.2010.00387.x
Chapple, Larelle, Clarkson, Peter M. and King, Jesse J. (2011). Private equity bidders: Barbarians or best friends?. Company & Securities Law Journal, 29 (3), 159-177.
Elijido-Ten, Evangeline, Kloot, Louise and Clarkson, Peter (2010). Extending the application of stakeholder influence strategies to environmental disclosures: An exploratory study from a developing country. Accounting, Auditing & Accountability Journal, 23 (8), 1032-1059. doi: 10.1108/09513571011092547
King, Robyn, Clarkson, Peter M. and Wallace, Sandra (2010). Budgeting practices and performance in small healthcare businesses. Management Accounting Research, 21 (1), 40-55. doi: 10.1016/j.mar.2009.11.002
Chapple, Larelle, Clarkson, Peter M. and King, Jesse J. (2010). Private equity bids in Australia: An exploratory study. Accounting and Finance, 50 (1), 79-102. doi: 10.1111/j.1467-629X.2009.00323.x
Clarkson, P. M., Craswell, A. and Mackenzie, P. (2008). The effect of board independence on target shareholder wealth. Australian Accounting Review, 18 (2), 135-148. doi: 10.1111/j.1835-2561.2008.0015.x
Overell, M., Chapple, L. J. and Clarkson, P. M. (2008). Environmental reporting in the Australian mining industry: Complying with regulation or meeting international best practice?. Australian Business Law Review, 36 (2), 137-154.
Clarkson, P. M., Li, Y., Richardson, G. D. and Vasvari, F. P. (2008). Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organizations and Society, 33 (4-5), 303-327. doi: 10.1016/j.aos.2007.05.003
Chapple, L. J., Christensen, B. and Clarkson, P. M. (2007). Termination fees in a 'bright line' jurisdiction. Accounting and Finance, 47 (4), 643-665. doi: 10.1111/j.1467-629x.2007.00228.x
Yatim, Puan, Kent, Pamela and Clarkson, Peter (2006). Governance structures, ethnicity, and audit fees of Malaysian listed firms. Managerial Auditing Journal, 21 (7), 757-782. doi: 10.1108/02686900610680530
Clarkson, P. M., Joyce, D. and Tutticci, I. M. (2006). Market reaction to takeover rumour in internet discussion sites. Accounting and Finance, 46 (1), 31-52. doi: 10.1111/j.1467-629X.2006.00160.x
Clarkson, P. M., Van Bueren, A. L. and Walker, J K (2006). Chief executive officer remuneration disclosure quality: Corporate responses to an evolving disclosure environment. Accounting and Finance, 46 (5), 771-796. doi: 10.1111/j.1467-629x.2006.00197.x
Chapple, Larelle J., Clarkson, Peter M. and Peters, Christopher J. (2005). Impact of the Corporate Law Economic Reform Program Act 1999 on initial public offering prospectus earnings forecasts. Accounting and Finance, 45 (1), 67-94. doi: 10.1111/j.1467-629x.2004.00123.x
Clarkson, P. M., Li, Y. and Richardson, G. D. (2004). The market valuation of environmental capital expenditures by pulp and paper companies. Accounting Review, 79 (2), 329-353. doi: 10.2308/accr.2004.79.2.329
Clarkson, Peter M., Ferguson, Colin and Hall, Jason (2003). Auditor conservatism and voluntary disclosure: Evidence from the Year 2000 systems issue. Accounting and Finance, 43 (1), 21-40. doi: 10.1111/1467-629X.00081
Clarkson, P. M., Emby, C. and Watt, V. W. S. (2002). Debiasing the outcome effect: The role of instructions in an audit litigation setting. Auditing - A Journal of Practice and Theory, 21 (2), 7-20. doi: 10.2308/aud.2002.21.2.7
Clarkson, Peter M., Ragunathan, Vanitha and Nowland, John E. (2002). The relative importance of domestic and global factors in explaining Australian stock returns. International Review of Finance, 3 (1), 1-25. doi: 10.1111/1468-2443.00031
Clarkson, P. M. (2000). Auditor quality and the accuracy of management earnings forecasts. Contemporary Accounting Research, 17 (4), 595-622. doi: 10.1506/QFPH-W3X9-PTRF-Y2G2
Conference Papers
Millar, I., Clarkson, P.M. and Herbohn, K. (2019). The value relevance of a firm's carbon profile. Hawaii Accounting Research Conference (HARC), Honolulu, Hawai'i, 2-5 January 2019. Honolulu, Hawai'i: University of Hawai’i at Mānoa (UHM).
Chapple, L. J., Christensen, B. P. and Clarkson, P. M. (2005). Break Fees in Australian Takeovers & Mergers. AFAANZ 2005 Conference, Melbourne, Australia, 3-5 July, 2005. Melbourne, Vic: AFAANZ.
Clarkson, P. M., Van Bueren, A. L. and Walker, J. K. (2005). CEO remuneration disclosure quality: An Australian perspective. AFAANZ 2005 Conference, Melbourne, 3-5 July, 2005. Melbourne, Vic: AFAANZ.
Clarkson, P. M. and Bluff, D. J. (2004). The use of independent expert reports in Australia takeovers. AFAANZ 2004: Accounting & Finance Association of Australia & New Zealand 2004 Conference, Alice Springs, NT, Australia, 4-6 July, 2004. Melbourne, VIC, Australia: Accounting & Finance Association of Australia & New Zealand (AFAANZ).
Joyce, D. J., Clarkson, P. M. and Tutticci, I. M. (2002). Market reaction to takeover rumour on internet discussion sites. 2002 AAANZ Annual Conference, Perth, Western Australia, 7-9 July, 2002. Melbourne, Vic: AAANZ.
Clarkson, P. M., Ragunathan, V. and Nowland, J. E. (2000). The factors that influence equity returns. 7th APFA Annual Conference, Shanghai, 24-26 July, 2000. Hong Kong: APFA.
Clarkson, P. M., Ragunathan, V. and Nowland, J. E. (2000). The factors that influence equity returns. AAANZ 2000 Annual Conference, Hamilton Island, 2-4 July 2000. Melbourne: Accounting and Finance Association of Australia and New Zealand (AAANZ).
Clarkson, P. M., Ferguson, C. B. and Hall, J. L. (2000). Auditor connservatism and voluntary disclosure: Evidence from the year 2000 systems issue. AAANZ 2000 Annual Conference, Hamilton Island, 2-4 July, 2000. Melbourne: AAANZ.
Clarkson, P. M., Li, Y. and Richardson, G. D. (2000). The market valuation of environmental capital expenditures by pulp and paper companies. 7th APFA Annual Conference, Shanghai, 24-26 July, 2000. Hong Kong: APFA.
Clarkson, P. M., Emby, C. and Watt, V. W. (1999). Debiasing the effect of outcome knowledge in ex post evaluations of auditor judgement: The role of instructions. AAANZ 1999 Annual Conference, Cairns, 4-7Jul, 1999. Melbourne: AAANZ.