Calling all financial and ESG analysts and portfolio managers!

The University of Sydney Business School is delighted to partner with the Responsible Investment Association Australasia (RIAA) to investigate climate-related financial disclosure and the effect on analyst valuation decisions.

Project summary

  • Aim: to understand the effect of the disclosure of climate-related risk/opportunity on professional analyst valuation decisions.
  • Method: an online experiment to study the effect of company disclosure of climate-related risk/opportunity on professional analyst valuation decisions.
  • Significance: a response to the emergence of the Task Force on Climate-related Financial Disclosures (TCFD) that seeks to develop recommendations for voluntary climate-related financial disclosures that are consistent, comparable, and reliable, and provide decision-useful information to investors.
  • Expected outcomes: contribution to what constitutes decision useful climate-related disclosures for investment decision-making, as a business response to addressing the grand challenge of climate change.

Research team and contacts

Dr Anna Young-Ferris

Investment analysis and climate change/ sustainability reporting have been the focus of Anna's research and professional career for two decades. Her award-winning PhD case study examined the integration of environmental, social and corporate governance (ESG) accounting information in mainstream investment decisions and she continues to focus and publish her research in this field.

Dr Shan Zhou
Dr Shan Zhou

Shan has gained considerable research experience on non-financial information reporting and assurance. In Shan's PhD thesis, she investigates the capital market benefits of integrated reporting including analysts' forecasts. Shan has successfully produced five quality publications in the area of non-financial reporting and assurance and continues to work on a pipeline of research projects in this area.

Professor Mandy Cheng
Prof Mandy Cheng

Mandy's research focuses on the effects of accounting practices on managers' behaviours, judgements and decision-making. She draws primarily on psychology theories, and uses an experimental approach to examine how individuals respond to accounting information and control systems. Her published research examines how auditors and nonprofessional investors incorporate sustainability information in their judgements.