Dr Carolyn Wirth staff profile picture

Contact details +64 (06) 356 9099  ext. 84036

Dr Carolyn Wirth BCom, MBA, PhD, CPA, CGA

Senior Lecturer

School of Economics and Finance

Carolyn obtained a PhD in Finance at Massey University for empirical research on the capital market implications of resource consent information contained in New Zealand listed company accouncements. Her current research investigates the corporate financial implications of country-level environmental regulatory stringency and the causes and consequences of the informativeness of corporate disclosures. Carolyn is the paper coordinator for all offerings of the core Bachelor of Business Studies paper 115.105 Fundamentals of Finance.

Dr Carolyn Wirth is a Senior Lecturer in Finance at the School of Economics and Finance (Palmerston North).

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Professional

Contact details

  • Location: 2.02, Business Studies West
    Campus: Turitea

Qualifications

  • Bachelor of Commerce in Accounting and Business Administration, magna cum laude - Concordia University (1978)
  • Master of Business Administration in Finance - University of Manitoba (1984)
  • Doctor of Philosophy in Finance - Massey University (2011)
  • Chartered Professional Accountant - Chartered Professional Accountants of Manitoba (1982)

Research Expertise

Research Interests

Carolyn's research interests include:

  • the corporate financial implications of environmental regulations and firm-level environmental performance
  • the causes, consequences and financial implications of corporate disclosures.

Thematics

21st Century Citizenship

Area of Expertise

Field of research codes
Accounting, Auditing and Accountability (150100):
Applied Economics (140200):
Banking, Finance and Investment (150200): Business and Management (150300): Commerce, Management, Tourism And Services (150000): Corporate Governance and Stakeholder Engagement (150303):
Economics (140000): Environment and Resource Economics (140205):
Finance (150201):
Financial Economics (140207):
Sustainability Accounting and Reporting (150106)

Keywords

  • Corporate disclosure
  • Business environmental performance

Research Projects

Summary of Research Projects

Position Current Completed
Project Leader 0 1

Research Outputs

Journal

Wei, Y., Chen, JG., & Wirth, CG. (2017). Detecting fraud in Chinese listed company balance sheets. Pacific Accounting Review. 29(3), 356-379 Retrieved from http://www.emeraldinsight.com/doi/abs/10.1108/PAR-04-2016-0044
[Journal article]Authored by: Chen, J., Wirth, C.
Wirth, C., Chi, J., & Young, M. (2013). The Economic Impact of Capital Expenditures: Environmental Regulatory Delay as a Source of Competitive Advantage?. Journal of Business Finance and Accounting. 40(1-2), 115-141
[Journal article]Authored by: Chi, J., Wirth, C., Young, M.
Wirth, C., Chi, J., & Young, M. (2011). Do resource consent announcements provide valuable information?: Evidence from New Zealand. Pacific Accounting Review. 23(3), 262-285
[Journal article]Authored by: Chi, J., Wirth, C., Young, M.
Black, C., Parry, J., Anderson, H., & Bennett, JA. (2002). Are New Zealand chief financial officers the 'country cousins' of their American counterparts?. University of Auckland Business Review. 4(1), 46-57 Retrieved from http://www.uabr.auckland.ac.nz/files/articles/Volume4/v4i1-cousins.pdf
[Journal article]Authored by: Bennett, J., Wirth, C.
Black, C. (2000). Finance Education: An Experiential Approach in an Open Learning Environment. Industry and Higher Education. 14(5), 305-316
[Journal article]Authored by: Wirth, C.

Thesis

Wirth, C. (2011). Capital market implications of resource consent information in New Zealand listed company announcements. (Doctoral Thesis, Massey University, Palmerston North, New Zealand)
[Doctoral Thesis]Authored by: Wirth, C.Edited by: Chi, J., Young, M.

Book

Bennett, JA., Parry, JR., & Wirth, CG.(2016). Fundamentals of finance: Financial institutions and markets, personal finance, financial management. Auckland, New Zealand: Massey University Press
[Authored Book]Authored by: Bennett, J., Wirth, C.
Parry, J., Wirth, C., & Bennett, A.(2009). Fundamentals of finance: Financial institutions and markets, personal finance, financial management. New Zealand: Pearson Education New Zealand
[Authored Book]Authored by: Bennett, J., Wirth, C.
Chen, J., Wirth, C., & Wang, R.(2008). The corporate cost of capital and financial investment in New Zealand: Cash flow analysis and IRR of corporates. Saarbrucken, Germany: Lightning Source Incorporated
[Authored Book]Authored by: Chen, J., Wirth, C.
Parry, J., Black, CG., & Bennett, A.(2005). Fundamentals of finance: Financial institutions and markets, personal finance, financial management. Auckland, New Zealand: Pearson Education New Zealand
[Authored Book]Authored by: Wirth, C.
Hamilton, FS., Black, CG., & Tozer, LE.(2005). Accounting: A user/decision perspective. Auckland, NZ: Pearson Education New Zealand
[Authored Book]Authored by: Wirth, C.

Conference

Tran, S., Chen, JG., & Wirth, CG.Cluster Analysis and Firm Patterns: A New Approach. . Massey University, Palmerston North, New Zealand
[Conference Paper]Authored by: Chen, J., Wirth, C.
Chen, JG., Smith, DJ., & Wirth, CG. (2018). How is investment efficiency related to investment transparency?. 22nd Annual New Zealand Finance Colloquium. : 22nd Annual New Zealand Finance Colloquium
[Conference Paper in Published Proceedings]Authored by: Chen, J., Smith, D., Wirth, C.
Tran, S., Chen, JG., & Wirth, CG. (2018). Cluster Analysis and Firm Patterns: A New Approach. Asia-Pacific Applied Economics Association Conference Proceedings. : 4th Applied Financial Modelling Conference
[Conference Paper in Published Proceedings]Authored by: Chen, J., Wirth, C.
Chen, J., Smith, DJ., & Wirth, CG. (2017). How is investment efficiency related to investment transparency?. 30th Australasian Finance and Banking Conference Proceedings. (pp. 1 - 39). : 30th Australasian Finance and Banking Conference
[Conference Paper in Published Proceedings]Authored by: Chen, J., Smith, D., Wirth, C.
Wei, Y., Chen, JG., & Wirth, CG. (2016). Cash tunnelling in Chinese firms. FMA 2016 Proceedings. (pp. 1 - 64). : 2016 Financial Management Association Annual Meeting
[Conference Paper in Published Proceedings]Authored by: Chen, J., Wirth, C.
Wei, Y., Chen, JG., Chi, J., & Wirth, CG.Cash tunnelling in Chinese firms. . Las Vegas, Nevada
[Conference Paper]Authored by: Chen, J., Wirth, C.
Wei, Y., Chen, J., Chi, J., & Wirth, CG.Cash tunnelling in Chinese firms. . Sydney, Australia
[Conference Paper]Authored by: Chen, J., Chi, J., Wirth, C.
Chen, J., Wei, Y., & Wirth, C.New model and evidence of cash tunnelling in Chinese firms. . Auckland, New Zealand
[Conference Paper]Authored by: Chen, J., Wirth, C.
Wirth, C., Chi, J., & Young, M. (2011, February). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. Presented at 15th New Zealand Finance Colloquium. Christchurch, New Zealand.
[Conference Oral Presentation]Authored by: Wirth, C., Young, M.
Wirth, C., Chi, J., & Young, M. (2011). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. In . Finance, & CG. Conference (Eds.) Finance and Corporate Governance Conference. (pp. 1 - 35).
[Conference Paper in Published Proceedings]Authored by: Chi, J., Wirth, C., Young, M.
Wirth, C., Chi, J., & Young, M.(2011). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic avantage?. . Melbourne, VIC, Australia
[Conference Paper]Authored by: Chi, J., Wirth, C., Young, M.
Wirth, C., Chi, J., & Young, M. (2011, April). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. Presented at Finance and Corporate Governance Conference. Melbourne, VIC, Australia.
[Conference Oral Presentation]Authored by: Chi, J., Wirth, C., Young, M.
Wirth, C., Chi, J., & Young, M. (2011, April). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. Presented at 2011 Financial Management Association [FMA] Asian Conference. Queenstown, New Zealand.
[Conference Oral Presentation]Authored by: Chi, J., Wirth, C., Young, M.
Wirth, C., Chi, J., & Young, M.(2011). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. . Queenstown, New Zealand
[Conference Paper]Authored by: Chi, J., Wirth, C., Young, M.
Wirth, C., Chi, J., & Young, M. (2011). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. In FM. Association (Ed.) Financial Management Association Conference. (pp. 1 - 35).
[Conference Paper in Published Proceedings]Authored by: Chi, J., Wirth, C., Young, M.
Wirth, C., Chi, J., & Young, M. (2011). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. 15th New Zealand Finance Colloquium Proceedings. (pp. 1 - 35). New Zealand: 15th New Zealand Finance Colloquium
[Conference Paper in Published Proceedings]Authored by: Chi, J., Wirth, C., Young, M.
Wirth, CG.(2006). Discussant: 'The views of postgraduate finance students in Australian universities on cases versus lectures'. . Auckland, NZ
[Conference Other]Authored by: Wirth, C.
Chen, J., Piyaket, P., & Black, CG.(2003). Corporate control type and performance: The New Zealand story. Paper presented at the meeting of 16th Australian Finance and Banking Conference. Sydney, NSW
[Conference Paper]Authored by: Chen, J., Wirth, C.

Creative Work

Parry, J., Wirth, C., Bennett, A., & Cassells, S.(2009). Lecturer's guide to fundamentals of finance, Third Edition. [CD Rom]. Auckland, New Zealand: Pearson New Zealand Ltd
[Film or Video]Authored by: Bennett, J., Cassells, S., Wirth, C.
Hamilton, FS., Black, CG., & Tozer, LE. (2005). Instructor's resources for accounting: A user/decision perspective. Auckland, NZ: Pearson Education New Zealand
[Software / Code]Authored by: Wirth, C.
Black, CG., & Smee, AK. (2003). Demonstrations of financial applications using Excel spreadsheets. Palmerston North, NZ: Massey University, Department of Finance, Banking and Property
[Software / Code]Authored by: Wirth, C.
Fortes, RM., Black, CG., & Smee, AK. (2003). Demonstration of discounted cash flow spreadsheets. Palmerston North, NZ: Massey University, Department of Finance, Banking & Property
[Software / Code]Authored by: Wirth, C.

Other

Chen, X., Chen, JG., & Wirth, CG. (2017). Princelings: Exploring a special type of political connection in Chinese listed firms. (pp. 1 - 77). : SSRN
[Working Paper]Authored by: Chen, J., Wirth, C.
Wirth, CG., Chen, JG., & Smith, DJ. (2017). How is investment efficiency related to investment transparency?. In Available at SSRN
[Working Paper]Authored by: Chen, J., Smith, D., Wirth, C.
Wirth, C., Chen, J., & Smith, DJ. (2017, May). How is investment efficiency related to investment transparency?.
[Oral Presentation]Authored by: Chen, J., Smith, D., Wirth, C.
Smith, D., & Wirth, C. (2016, September). Mandatory disclosures and investment efficiency. In School of Economics Seminar Series, Massey University, Palmerston North, New Zealand.
[Oral Presentation]Authored by: Smith, D., Wirth, C.
Wirth, CG. (2016, August). Mandatory disclosures and asymmetric information. In School of Economics and Finance. Presented at Palmerston North, New Zealand.
[Oral Presentation]Authored by: Wirth, C.
Wei, Y., Chen, JG., & Wirth, CG. (2016). Cash tunnelling in Chinese firms. : SSRN elibrary
[Working Paper]Authored by: Chen, J., Wirth, C.
Wei, Y., Chen, JG., & Wirth, CG. (2016). Detecting Fraud in Chinese Listed Company Balance Sheets. : SSRN eLibrary
[Working Paper]Authored by: Chen, J., Wirth, C.
Wirth, CG. (2014, October). Environmental regulation and corporate capital investment: International evidence. In School of Economics and Finance Seminar Series, Massey University, Palmerston North, New Zealand.
[Oral Presentation]Authored by: Wirth, C.
Wirth, C., & Smith, D. (2012, November). Proprietary costs and the disclosure of capital expenditure information: Evidence from Australia. In School of Economics and Finance Seminar Series, Massey University, Palmerston North, New Zealand.
[Oral Presentation]Authored by: Smith, D., Wirth, C.
Wirth, C., & Smith, D. (2012, November). Environmental policy stringency and the economic value of being green. In School of Economics Seminar Series, Massey University, Palmerston North, New Zealand.
[Oral Presentation]Authored by: Smith, D., Wirth, C.
Wirth, C. (2011, December). The economic impact of capital expenditures: Environmental regulatory delay as a source of strategic advantage?. In Ministry for the Environment, Wellington, New Zealand.
[Oral Presentation]Authored by: Wirth, C.
Wirth, C. (2009, May). Market reactions to New Zealand listed company resource consent announcements?. In Department of Economics and Finance Seminar Series, Massey University, Palmerston North, New Zealand.
[Oral Presentation]Authored by: Wirth, C.
Wirth, C. (2009, July). Capital market economic implications of New Zealand listed company resource consent announcements. In PhD Workshop, Massey University, Auckland, New Zealand.
[Oral Presentation]Authored by: Wirth, C.
Wirth, C. (2008, February). Essay one presentation. In 12th New Zealand Finance Colloquium PhD Session, Palmerston North, New Zealand.
[Oral Presentation]Authored by: Wirth, C.
Wirth, C. (2007, October). Capital market wealth implications of New Zealand listed company resource consent announcements. In Brown Bag Seminar, Massey University, Auckland, New Zealand.
[Oral Presentation]Authored by: Wirth, C.
Wirth, C. (2007, September). Capital market wealth implications of New Zealand listed company resource consent announcements: Research proposal for fulfilment of the requirements for Doctor of Philosophy in Finance. In PhD Proposal presentation, Massey University, Palmerston North, New Zealand.
[Oral Presentation]Authored by: Wirth, C.
Wirth, C., Chi, J., & Young, M.The Economic Impact of Capital Expenditures: Environmental Regulatory Delay as a Source of Competitive Advantage?.
[Oral Presentation]Authored by: Wirth, C.

Supervision and Teaching

Summary of Doctoral Supervision

Position Current Completed
Co-supervisor 1 2

Courses Coordinated

Current Doctoral Supervision

Co-supervisor of:

  • Son Tran - Doctor of Philosophy
    Cluster Analysis: Firm Clusters, Profitability Forecasts and the Investment Puzzle

Completed Doctoral Supervision

Co-supervisor of:

  • 2017 - Xiaoqi Chen - Doctor of Philosophy
    The Impact of Political Connections on Chinese Listed Firms
  • 2015 - Yi Wei - Doctor of Philosophy
    Three essays on corporate fraud in Chinese listed companies

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