Prof Michael Bradbury staff profile picture

Contact details +64 (09) 414 0800  ext. 43291

Prof Michael Bradbury MCom, PhD Auck., FCA, CMA

Research Professor

School of Accountancy

His research interests are in the area of corporate financial reporting, financial analysis  and governance. He has recently begun working on public sector data, with particular interest in local councils. He has over 60 peer reviewed publications (including articles in Journal of Accounting Research, The Accounting Review, Journal of Accounting and Public Policy, Abacus, Accounting and Finance, Journal of Corporate Finance) and over 50 articles in professional journals. He is currently an associate editor of the Australian Journal of Management, and has been an editor of Pacific Accounting Review and an associate editor of Accounting & Finance and Meditari Accountancy Research. He is on the board of ten research journals.

He is actively involved in professional accounting activities, including:

            Accounting and Finance Association of Australia and New Zealand:

            College of Past Presidents 2011 - current

            Executive Committee 1990-1993

            New Zealand President 1992 and 1993

            Institute of Chartered Accountants of New Zealand:

            FMA Division Auckland Branch Committee 1980-1983

            International Association for Accounting Education and Research

            Executive Board 2012 -2013

International

            IFRS Advisory Council 2012 – 2013.

            IFRIC 2004-2008.

            JWG, Financial Instruments 1998-2000.

            Founding and current Member of Quantitative Accounting

            Research Network 2012 to current

In 1998 he was made a Fellow of the New Zealand Institute of Chartered Accountants.

In 2001 he received the Accounting Association of Australia and New Zealand (AAANZ) Outstanding Contribution to Practice Award and in 2002 he was made Life Membership of the AAANZ. 

Prior to his academic career he was, for ten years, a chartered accountant with a large accounting firm in Auckland and London. His consulting includes litigation support for business valuations and accounting opinions.

 

Michael Bradbury is a professor in Accounting at Massey University. He has taught at University of Auckland, and has had visiting appointments at the Sloan School of Management, Massachusetts Institute of Technology University of Sydney, and Hong Kong Polytechnic University. 

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Professional

Contact details

  • Ph: +64 (09) 414 0800 ext 43291
    Location: MBS 1.13, Massey School of Business
    Campus: Albany

Qualifications

  • Bachelor of Commerce - University of Auckland (1971)
  • Masters of Commerce - University of Auckland (1975)
  • Doctor of Philosophy - University of Auckland (1990)
  • Fellow Chartered Accountant - Institute of Chartered Accountants in New Zealand (2011)
  • Cost and Management Accountant - New Zealand Society of Accountants (1980)

Research Expertise

Research Interests

Voluntary disclosure

IFRS conceptual framework

Financial reporting

Financial analysis

Auditing

International Financial Reporting Standards

Public sector

Thematics

Resource Development and Management

Area of Expertise

Field of research codes
Accounting Theory and Standards (150101): Accounting, Auditing and Accountability (150100): Auditing and Accountability (150102): Business and Management (150300): Commerce, Management, Tourism And Services (150000): Corporate Governance and Stakeholder Engagement (150303): Financial Accounting (150103): International Accounting (150104): Sustainability Accounting and Reporting (150106): Taxation Accounting (150107)

Keywords

Financial reporting

International Financial Reporting Standards

Financial Analysis

Capital Budgeting

Business Valuation

Research Projects

Summary of Research Projects

Position Current Completed
Project Leader 3 4

Completed Projects

Project Title: What can dissenting opinions on IFRS reveal about accounting concepts and IASB voting coalitions?

This is a joint School of Accountancy - Institute of Information and Mathematical Sciences study. It comprises two parts. First, we analyze dissenting opinions to existing international accounting standards. The International Accounting Standards Board has a project to revise its conceptual framework. Once completed, the revised Framework will set the basis for setting international accounting standards for the next 10 to 20 years. The conceptual arguments contained in dissenting opinions should inform the conceptual framework revision project. The second study examines if voting coalitions have arisen in the setting of international accounting standards and, if so, the determinants of these coalitions. Potential explanations for coalitions relate to the (1) background of board members, (2) the country of board members, and (3) the nature of the accounting standard. For (1) and (2) we will test explanations from the literature on the determinants of international accounting practices. For example, potential determinants will relate to attributes the board member's country (e.g., code law or common law); or the board member's prior position (e.g., user, preparer, regulator, or auditor of financial statements).Voting coalitions have implications for Board membership and composition and therefore the content of accounting standard.
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Date Range: 2007 - 2008

Funding Body: Massey University

Project Team:

Research Outputs

Journal

Bradbury, ME. (2017). Large audit firm premium and audit specialisation in the public sector. Accounting and Finance. 57(3), 657-679
[Journal article]Authored by: Bradbury, M.
Khan, S., Bradbury, ME., & Courtenay, S. (2017). Value Relevance of Comprehensive Income. Australian Accounting Review.
[Journal article]Authored by: Bradbury, M.
Bradbury, ME., & Mear, KM. (2017). Interpreting the Impact of IFRS Adoption. Australian Accounting Review. 27(2), 214-219
[Journal article]Authored by: Bradbury, M.
Bradbury, ME. (2016). Discussion of 'Other comprehensive income: A review and directions for future research'. Accounting and Finance. 56(1), 47-58
[Journal article]Authored by: Bradbury, M.
Bradbury, ME., & Scott, T. (2015). The association between accounting performance and constituent response in political market. Pacific Accounting Review. 27(4), 394-410
[Journal article]Authored by: Bradbury, M.
Bradbury, ME., & Hooks, JJ. (2015). Ownership and performance in a lightly regulated operating environment. Australian Accounting Review. 25(1), 100-112
[Journal article]Authored by: Bradbury, M., Hooks, J.
Bradbury, ME., & Harrison, JA. (2015). The FASB’s dissenting opinions. Accounting Horizons. 29(2), 363-375
[Journal article]Authored by: Bradbury, M.
Stent, W., Bradbury, ME., & Hooks, J. (2017). Insights into accounting choice from the adoption timing of International Financial Reporting Standards. Accounting and Finance. 57, 255-276
[Journal article]Authored by: Bradbury, M., Hooks, J.
Bradbury, ME. (2015). The warehouse capital management policy - Treatment of leases. Journal of Accounting Education.
[Journal article]Authored by: Bradbury, M.
Khan, S., & Bradbury, ME. (2016). The volatility of comprehensive income and its association with market risk. Accounting and Finance. 56(3), 727-748
[Journal article]Authored by: Bradbury, M.
Khan, S., & Bradbury, ME. (2014). Volatility and risk relevance of comprehensive income. Journal of Contemporary Accounting and Economics. 10(1), 76-85
[Journal article]Authored by: Bradbury, M.
Bradbury, ME., & Botica Redmayne, N. (2014). Audit effort and pricing differences among the large audit firms: Evidence from a public sector setting. International Journal of Auditing. 18(1), 90-100
[Journal article]Authored by: Botica Redmayne, N., Bradbury, M.
Mear, K., & Bradbury, ME. (2013). The impact of zero depreciation on buildings on deferred taxation. The New Zealand Journal of Taxation Law and Policy. 19(4), 289-300
[Journal article]Authored by: Bradbury, M.
Bradbury, M., & Hooks, JJ. (2013). Pacific accounting review - the first 25 years. Pacific Accounting Review. 25(3), 225-234 Retrieved from http://www.emeraldinsight.com/doi/full/10.1108/PAR-08-2013-0079
[Journal article]Authored by: Bradbury, M., Hooks, J.
Bennett, B., Bradbury, M., & Prangnell, H. (2006). Rules, principles and judgments in accounting standards. Abacus. 42(2), 189-204
[Journal article]Authored by: Bradbury, M.
Bradbury, M. (2006). Discussion of Grambovas, Giner and Christodoulou. Abacus. 42(3-4), 379-387
[Journal article]Authored by: Bradbury, M.
Bennett, BK., & Bradbury, ME. (2003). Capitalizing non-cancelable operating leases. Journal of International Financial Management and Accounting. 14(2), 101-114
[Journal article]Authored by: Bradbury, M.
Berkman, H., Ieraldo, Y., Bradbury, ME., Hancock, P., & Innes, C. (2002). Erratum: Corrigendum: Derivative financial instrument use in Australia (Accounting and Finance (2002) 42 (97-109)). Accounting and Finance. 42(3), 297
[Journal article]Authored by: Bradbury, M.
Berkman, H., Bradbury, ME., Hancock, P., & Innes, C. (2002). Derivative financial instrument use in Australia. Accounting and Finance. 42(2), 97-109
[Journal article]Authored by: Bradbury, M.
Berkman, H., Bradbury, ME., & Ferguson, J. (2000). The accuracy of price-earnings and discounted cash flow methods of IPO equity valuation. Journal of International Financial Management and Accounting. 11(2), 71-83
[Journal article]Authored by: Bradbury, M.
Bradbury, ME., & Mak, YT. (2000). Ownership structure, board composition and the adoption of charter takeover procedures. Journal of Corporate Finance. 6(2), 165-188
[Journal article]Authored by: Bradbury, M.
Bradbury, ME. (1999). Government ownership and financial performance in a competitive environment: Evidence from the corporatization of the New Zealand Government Computing Services. Asia Pacific Journal of Management. 16(1), 157-172
[Journal article]Authored by: Bradbury, M.
Berkman, H., & Bradbury, ME. (1998). The influence of ownership structure on risk management: Evidence from New Zealand state owned enterprises. Journal of International Financial Management and Accounting. 9(2), 117-131
[Journal article]Authored by: Bradbury, M.
Berkman, H., Bradbury, ME., & Magan, S. (1997). An international comparison of derivatives use. Financial Management. 26(4), 69-73
[Journal article]Authored by: Bradbury, M.
Berkman, H., & Bradbury, ME. (1996). Empirical evidence on the corporate use of derivatives. Financial Management. 25(2), 5-13
[Journal article]Authored by: Bradbury, M.
Austin, LM., & Bradbury, ME. (1995). THE ACCURACY OF CASH FLOW ESTIMATION PROCEDURES. Accounting & Finance. 35(1), 73-86
[Journal article]Authored by: Bradbury, M.
Bradbury, ME., & Lloyd, S. (1994). An estimate of the direct costs of bankruptcy in New Zealand. Asia Pacific Journal of Management. 11(1), 103-111
[Journal article]Authored by: Bradbury, M.
Bradbury, ME., & Uno, M. (1993). Analysing Japanese Financial Statements: Practical adjustment procedures for intercorporate share ownership. Corporate Governance: An International Review. 1(2), 76-82
[Journal article]Authored by: Bradbury, M.
Bradbury, ME. (1992). VOLUNTARY DISCLOSURE OF FINANCIAL SEGMENT DATA: NEW ZEALAND EVIDENCE. Accounting & Finance. 32(1), 15-26
[Journal article]Authored by: Bradbury, M.
Bradbury, ME. (1990). The incentives for voluntary audit committee formation. Journal of Accounting and Public Policy. 9(1), 19-36
[Journal article]Authored by: Bradbury, M.
Nash, M., Anstis, M., & Bradbury, M. (1989). Testing Corporate Model Prediction Accuracy. Australian Journal of Management. 14(2), 211-221
[Journal article]Authored by: Bradbury, M.
BRADBURY, M., & NEWBY, S. (1989). The Use of a Statement of Changes in Financial Position to Interpret Financial Data: An Empirical Investigation. Abacus. 25(1), 31-38
[Journal article]Authored by: Bradbury, M.
Bradbury, ME. (1988). The Effect of Analysts' Adjustments in the Context of Loan Assessment. Accounting & Finance. 28(1), 45-55
[Journal article]Authored by: Bradbury, M.
Stent, W., Bradbury, M., & Hooks, J. (2013). What firms' discretionary narrative disclosures reveal about the adoption of international financial reporting standards. Australian Accounting Review. 23(3), 252-263
[Journal article]Authored by: Bradbury, M., Hooks, J., Stent, W.
Morunga, M., & Bradbury, ME. (2012). The impact of IRFS on annual report length. Australasian Accounting, Business and Finance Journal. 6(5), 47-62 Retrieved from http://ro.uow.edu.au/aabfj/vol6/iss5/4
[Journal article]Authored by: Bradbury, M.
Bradbury, ME. (2012). Why you don't get published: An editor's view. Accounting and Finance. 52(2), 343-358
[Journal article]Authored by: Bradbury, M.
Bradbury, ME., & Schröder, LB. (2011). The content of accounting standards: Principles versus rules. British Accounting Review.
[Journal article]Authored by: Bradbury, M.
Redmayne, NB., Bradbury, ME., & Cahan, SF. (2011). The association between audit committees and audit fees in the public sector. International Journal of Auditing. 15(3), 301-315
[Journal article]Authored by: Botica Redmayne, N., Bradbury, M.
Bradbury, M. (2011). Direct or Indirect Cash Flow Statements?. Australian Accounting Review. 21(2), 124-130
[Journal article]Authored by: Bradbury, M.
Redmayne, NB., Bradbury, ME., & Cahan, SF. (2010). The effect of political visibility on audit effort and audit pricing. Accounting and Finance. 50(4), 921-939
[Journal article]Authored by: Botica Redmayne, N., Bradbury, M.
Stent, W., Bradbury, M., & Hooks, J. (2010). IFRS in New Zealand: Effects on financial statements and ratios. Pacific Accounting Review. 22(2), 92-107
[Journal article]Authored by: Bradbury, M., Hooks, J., Stent, W.
Bradbury, ME. (2010). Commentary: Discount rates in disarray - evidence on flawed goodwill impairment testing. Australian Accounting Review. 20(3), 313-316
[Journal article]Authored by: Bradbury, M.
Bennett, BK., & Bradbury, ME. (2010). An analysis of the reasons for the asymmetries surrounding earnings benchmarks. Accounting and Finance. 50(3), 529-554
[Journal article]Authored by: Bradbury, M.
Bradbury, M., Dean, G., & Clarke, FL. (2009). Incentives for non-disclosure by corporate groups. Abacus. 45(4), 429-454
[Journal article]Authored by: Bradbury, M.
Rainsbury, EA., Bradbury, M., & Cahan, SF. (2009). The impact of audit committee quality on financial reporting quality and audit fees. Journal of Contemporary Accounting and Economics. 5(1), 20-33
[Journal article]Authored by: Bradbury, M.
Bradbury, M. (2009). Discussion of Dedman, Mouselli, Shen and Stark. Abacus. 45(3), 342-357
[Journal article]Authored by: Bradbury, M.
Rainsbury, EA., Bradbury, ME., & Cahan, SF. (2008). Firm characteristics and audit committees complying with 'best practice' membership guidelines. Accounting and Business Research. 38(5), 393-408
[Journal article]Authored by: Bradbury, M.
Bradbury, ME. (2008). Fifty-seven curious defects in Haswell and Langfield-Smith (2008): A comment. Australian Accounting Review. 18(4), 287-293
[Journal article]Authored by: Bradbury, M.
Bradbury, M. (2008). Discussion of Whittington. Abacus. 44(2), 169-180
[Journal article]Authored by: Bradbury, M.
Tarca, A., Hancock, P., Woodliff, D., Brown, P., Bradbury, M., & Van Zijl, T. (2008). Identifying decision useful information with the matrix format income statement. Journal of International Financial Management and Accounting. 19(2), 184-217
[Journal article]Authored by: Bradbury, M.
Bradbury, ME., & Baskerville, RF. (2008). The 'NZ' in 'NZ IFRS': Public benefit entity amendments. Australian Accounting Review. 18(3), 185-190
[Journal article]Authored by: Bradbury, M.
Tarca, A., Brown, PR., Hancock, P., Woodliff, DR., Bradbury, ME., & Van Zijl, T. (2007). The matrix format income statement: A case study about earnings management and reporting financial performance. Issues in Accounting Education. 22(4), 607-623
[Journal article]Authored by: Bradbury, M.
Bradbury, ME. (2007). An anatomy of an IFRIC interpretation. Accounting in Europe. 4(2), 109-122
[Journal article]Authored by: Bradbury, M.
Bradbury, M. (2007). Discussion of charitou, lambertides and trigeorgis. Abacus. 43(3), 297-302
[Journal article]Authored by: Bradbury, M.
Bennett, B., & Bradbury, ME. (2007). Earnings thresholds related to dividend cover. Journal of International Accounting Research. 6(1), 1-17
[Journal article]Authored by: Bradbury, M.
Bradbury, M., & van Zijl, T. (2007). International Financial Reporting Standards and New Zealand: Loss of Sector Neutrality. Research in Accounting Regulation. 19(C), 35-51
[Journal article]Authored by: Bradbury, M.
Bradbury, ME. (2006). Discussion of grambovas, giner and christodoulou. Abacus. 42(3/4), 379-387
[Journal article]Authored by: Bradbury, M.
Bradbury, ME., & Van Zijl, T. (2006). Due process and the adoption of IFRS in New Zealand. Australian Accounting Review. 16(39), 86-94
[Journal article]Authored by: Bradbury, M.
Bennett, B., Bradbury, ME., & Prangnell, H. (2006). Rules, principles and judgments in accounting standards. Abacus. 42(2), 189-204
[Journal article]Authored by: Bradbury, M.
Bradbury, ME., Mak, YT., & Tan, SM. (2006). Board characteristics, audit committee characteristics and abnormal accruals. Pacific Accounting Review. 18(2), 47-68
[Journal article]Authored by: Bradbury, M.

Book

Wright, S, ., Bradbury, ME., Lee, P, ., Palepu, K.G., ., & Healey,, PM. (2014). Diligence: Governance issues. In Business Analysis and Valuation. (pp. 391 - 391). Australia: South Western - Cengage Learning
[Chapter]Authored by: Bradbury, M.
Bradbury, ME. (2014). Valuation ratios in the retail industry 2010 to 2013. In Business Analysis and Valuation. Australia: Cengage Learning
[Chapter]Authored by: Bradbury, M.
Bradbury, ME. (2014). Rubicon: Accounting Changes. In Business Analysis and Valuation. Australia: Cengage Learning
[Chapter]Authored by: Bradbury, M.
Bradbury, ME. (2014). Airlines: Depreciation differences. In Business Analysis and Valuation. Australia: Cengage Learning
[Chapter]Authored by: Bradbury, M.
Bradbury, ME. (2014). Diligent Revenue Recognition Problems. In Business Analysis and Valuation. Australia: Cengage Learning
[Chapter]Authored by: Bradbury, M.
Palepu, KG., Healy, PM., Wright, SJ., Bradbury, M., & Lee, P.(2014). Business Analysis and Valuation. Australia: Cengage Learning
[Authored Book]Authored by: Bradbury, M.

Other

Bradbury, ME. (2013, July). Report on the ISFR Advisory Council and the IASB discussion paper on the conceptual framework..
[Oral Presentation]Authored by: Bradbury, M.
Bradbury, ME.Reviews - both sides of the fence. Fifth Annual Quantitative Accounting Research Symposium and PhD Consortium, Auckland, NZ, 30 October..
[Oral Presentation]Authored by: Bradbury, M.

Supervision and Teaching

Summary of Doctoral Supervision

Position Current Completed
Supervisor 3 3

Teaching

Mike teaches advanced financial reporting, financial analysis, and  research methods.

Current Doctoral Supervision

Supervisor of:

  • Xueying Wei - PhD
    The Earnings Quality of the Public Sector in New Zealand
  • Oyuna Chagnaadorj - PhD
    Income statement classification by International Financial Reporting Standards (IFRS): The prediction of earnings and component shifting
  • Fawad Ahmad - PhD
    Quality of accounting information and performance of firms connected with power sources

Completed Doctoral Supervision

Supervisor of:

  • 2017 - Kim Marie Mear - PhD
    Information Relevance of Deferred Tax
  • 2012 - Shahwali Khan - PhD
    Volatility, Value Relevance and Predictive Power of Comprehensive Income
  • 2012 - Warwick John Stent - PhD
    A Study of Early and Late Adopters of International Financial Reporting Standards in New Zealand

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