Charles Sturt University
Charles Sturt University

Professor Adam Steen

Professor Adam Steen

Adam Steen has over 25 years experience in the tertiary education sector having worked in a number of leading Australian and International Business Schools. His applied finance and accounting research has been published in leading international journals including: The Journal of Banking and Finance, Corporate Governance an International Review, Accounting, Auditing and Accountability Journal, Human Resource Management, Tourism Management and Family Business Review. Professor Steen is an active member and Fellow of CPA Australia and Fellow of the Financial Services Institute of Australasia. He has conducted consulting assignments, principally involving the evaluation of programs, for the Australian Government, World Bank, Government of Indonesia and other local and global organisations. He has successfully supervised Honours, Masters and PhD students to completion. His major research interests are in the areas of Corporate Finance (in particular Initial Public Offerings) and financial counselling and literacy.

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Research Focus

  • Corporate Finance (especially in relation to the Initial Public Offerings, Venture Capital and Mergers and Acquisitions).
  • Welfare Economics (especially in program evaluation, financial literacy and financial counseling and unemployment).

Research Project Supervision:

  • Finance and Accounting

Current Research Students

PhD

  • Brijesh Rajbhandari "Recent banking failures in the developed world"  
  • Mariya Yesseleva-Pionka "SME financing in Australia" 
  • Prasada Vijjhala "The Impact of the GFC on the market for new Equity in Australia"

DBA

  • Anthony Doyle "Mutual Fund Size and Volatility"
  • Anna Cooshna – "Cost benefit analysis of continuous Audit of SMSFs"
  • Craig West – "The use of Executive Share Option Plans in Succession and Exit"
  • Michael Topper – "Development of a cost-effective networking model for financial advice"
  • Hans Egger – "Best practice client engagement model for financial service providers"

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Grants and Awards

  • Australian Research Council (2009) Linkage Grant LP0991378, "The costs of youth homelessness in Australia" with DJ Mackenzie (Swinburne) and P Flatau (Murdoch) $1,031,294.
  • Competitive research grant awarded under the National Homelessness Research Agenda by the Commonwealth Department of Families and Housing and Community Services and Indigenous Affairs (FaHCSIA) (2010). National Homelessness Research Project, "Homelessness and unemployment: understanding the connection and breaking the cycle" with D McCormack (ACU) $83,930.
  • Competitive research grant awarded under the National Homelessness Research Agenda by the Commonwealth Department of Families and Housing and Community Services and Indigenous Affairs (FaHCSIA) (2010). Homeless Research Collaboration awarded under the Homelessness Research Partnership Agreements. Member of one of three successful bids.

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Professional Activities

Administrative Responsibilities

  • Member School Board
  • Member Faculty Research Committee

Professional Activities

  • Fellow, Financial Services Institute of Australasia (FINSIA) (F Fin)
  • Fellow, CPA Australia (FCPA)
  • Member, Academy of International Business (AIB)

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Publications – (Refereed)

  • A. Steen and D.J. MacKenzie, "The Sustainability of the Youth Foyer Model: A Comparison of the UK and Australia," Social Policy and Society, 2016. doi:10.1017/S1474746416000178
  • A. Steen, D. McGrath and A. Wong, "Market Failure, Regulation and Education of Financial Advisors," Australasian Accounting, Business and Finance, 10(1), 2016.
  • A. Steen and V. Peel, "Economic and social consequences of changing taxation arrangements to Working Holiday Makers," Journal of Australian Taxation, 17(2), 2015.
  • B. Terzio─člu and A. Steen, "Causes And Consequences Of Transfer Pricing Conflict: Evidence From The Service Sector," Journal Of Accounting, Business And Management, 21(1), 2014.
  • A. Steen and K. Turpie, "Microcap M&A: An Exploratory Study," Australasian Accounting, Business and Finance, 8(2), 2013.
  •  A. Steen and D.J. MacKenzie, "Financial Stress, Financial Literacy and Counselling and the Risk of Homelessness," Australasian Accounting, Business and Finance, 2013. (awaiting volume and issue details)
  • D. Welch and A. Steen, "Repositioning Global Staff Transfers: A Strategic Learning Perspective," Human Resource Management, (accepted for publication awaiting volume and issue details).
  • V. Peel, A. Steen and A. Sorensen, "Unfriendly, unfunny and tyrannical': an exploratory study of the travel guidebook in the Australian print media," Tourism Analysis, 17(2), 2012,
  • A. Steen, D. Welch and D. McCormack, "Conflicting Conceptualizations of Human Resource Accounting," Journal of Human Resource Costing and Accounting, 15(4), 2011, 299-312.
  • A. Steen. "Securitisation: from here to where?" Journal of Corporate Treasury Management, 4(3), 2011, 216 - 222,
  • A. Steen and D. Welch, "Are Accounting Metrics Applicable to Human Resources?" Australasian Accounting, Business and Finance, 5(3), 2011, 57-72.
  • K. Kendall, A. Steen and K. Turpie, "The Taxation of Off-Market Buybacks and effects on Shareholder behavior," New Zealand Journal of Taxation Law and Policy, 16(4). 2010.
  • I. Brown, A. Steen and J. Foreman, "Risk Management in Corporate Governance: A Review and Proposal," Corporate Governance: an International Review, 17(5) 2009. Nominated for best paper of the year
  • D. Welch, A. Steen and M. Tahvanainen, "All Pain, Little Gain? Reframing the Value of International Assignments," International Journal Human Resource Management, 20(6) 2009.
  • K. Kendall, A. Steen and K. Turpie, "Off-Market buybacks not driven by tax benefits," JASSA, The FINSIA Journal of Applied Finance, 3, 2008.
  • A. Steen and K. Turpie, "Peter and Goliath: The Takeover of Peter Lehman Wines," Management Case Study Journal, 8(2) 2008.
  • V. Peel and A. Steen, "Victims, Hooligans and Cash-cows: Media Representations of the International Backpacker in Australia," Tourism Management, 28(4) 2007.
  • P. Carey and A. Steen, "Changing Conditions in the Hong Kong New Issues Market," Pacific Basin Finance Journal, 14(5), 2006.
  • A. Steen and L. Welch, "Dancing with Giants: Acquisition and Survival of the Family Firm," Family Business Review, 19(4) 2006.
  • A. Steen and K. Kendall, "Long-Run Performance of Privatized Government Monopolies: Australian Experience," Managerial Finance, 30(1), 2004.
  • A. Steen and K. Turpie, "Revisiting the Bubble: Stock Price Performance of Australian IPOs 1999 – 2001," Journal of the Securities Institute of Australia, Issue 3, Spring 2004.
  • P. Pham, P. Kalev and A. Steen, "Underpricing, Stock Allocation, Ownership Structure and Post-Listing Liquidity of Newly Listed Firms", Journal of Banking and Finance, 27(5), 2003.
  • A. Steen, P. Kalev and K. Turpie, "The Short-Run Performance of IPOs of Privately Owned and Publicly Owned Firms: A Note from Australia", Multinational Finance, 5(2), 2001.
  • A. Steen and K. Turpie, "The Stockmarket Magic of Dotcom," Journal of the Securities Institute of Australia, Issue 3, Spring, 2000.
  • A. Ramsay, P. Mather and A Steen, "The Use and Representational Faithfulness of Graphs in IPO Prospectuses", Accounting, Auditing and Accountability Journal, 13(1), 2000.
  • Publications – (Selected Refereed Conference - Since 2000)

  • D. Welch and A. Steen, "Repositioning Global Staff Transfers: A Strategic Learning Perspective," European International Business Academy 37th Annual Conference, Bucharest, December 2011.
  • V. Peel, A. Sorensen and A. Steen, "Seriously Misguided: Mapping a Research Agenda for the Travel Guidebook in Contemporary Tourism," CAUTHE University of South Australia, 2011 – nominated for best paper.
  • A. Steen and D. McCormack, "Accounting and Human Resources: from Whence to Where?" British Accounting Association Annual Conference, Aston Business School, University of Birmingham, 2011.
  • D. Welch and A. Steen, "International Staff Transfers as Strategy in Action," Academy of International Business, AIB UKI, University of Edinburgh, 2011.
  • A. Steen and V. Peel, "Internationalisation of the tourism Industry A case of Australian Based Backpacker Accommodation Operators," Academy of International Business, AIB UKI, University of Edinburgh, 2011.
  • B. Terzioglu and A. Steen, "Sowing the seeds of transfer pricing conflict," Athens Institute for education and research (ANTINER), 2011. v
  • D. Welch, A. Steen and M. Tahvananien, "International Staff Transfers: A Fresh Look at a Perennial Issue," Australia and New Zealand International Business Academy, (ANZIBA) Annual Conference, The University of Sydney, 2010.
  • D. Welch, A. Steen and M. Tahvanainen, "Of Money, Motives and Mobility: The Contentious Value of International Assignments," Academy of International Business, AIB-UKI, University of Glasgow, 2009.
  • A. Steen and K. Turpie, "International Small Business Takeover: Peter Lehmann Wines", North American Case Research Association, San Diego, California, USA, 2006.
  • A. Steen, K. Kendall and K. Turpie, "Taxation of Dividends and Capital Structure: IPOs and Seasoned Firms Under an Imputation System," Global Finance Conference, Trinity College Dublin, 2005.
  • A. Steen and K. Turpie, "CEO Compensation and Performance: Excessive or Incentive," International Management Development Association 13th Annual Congress Maastricht, Netherlands, 2004.
  • A. Steen and K.Turpie, "The Short-Run Performance of recent Australian Biotechnology IPOs," International Management Development Association 13th Annual Congress Maastricht, Netherlands, 2004.
  • A. Steen and K. Turpie, "Securitisation in Australia: Past Present and Future Directions," Western Decision Sciences Institute, Proceedings of the Thirty-Second Annual Meeting, 2003.
  • A. Steen and K.Turpie, "Dual Listed Companies: No more pooling around," AFAANZ, Brisbane 2003.
  • A. Steen, "The Role and Importance of Australia in Global Financial Markets" Paper presented to The European Australian Studies Association Biannual Conference, Aveiro, Portugal 2003.
  • P.Pham, P.Kalev and A.Steen, "Underpricing, Stock Allocation, Ownership Structure and Post-Listing Liquidity of Newly Listed Firms", Paper presented to the ABN AMRO International Conference on Initial Public Offerings., Universiteit van Amsterdam 2000.

Publications – (Non-refereed)

  • P. Flatau, M. Thielking, D. MacKenzie, and A. Steen, "The Australian youth homeless experience: Evidence from a longitudinal survey of homeless youth," Parity, 28(3), 2015: 4-6.
  •  R. Oldfield, M. Thielking, D. MacKenzie, P. Flatau, and A. Steen, "The role of resilience in a homeless youth population," Parity, 28(3), 2015: 28-29.
  •  P. Flatau, M. Thielking, D. MacKenzie, and A. Steen, The cost of Youth Homelessness in Australia Study: Snapshot Report Swinburne institute for social research 2015, 1 [online] http://apo.org.au/resource/cost-youth-homelessness-australia-study-snapshot-report-1
  •  A. Steen and D. MacKenzie, "The sustainability of the Youth Foyer Model?" Parity, 27(2), 2014, 17-18.
  • D. MacKenzie and A. Steen, "Waiting for early intervention," Parity, 27(2), 2014, 6-8.
  • A. Steen and D. MacKenzie, "Financial Analysis of Foyer and Foyer-like Housing Models," A report of the Homelessness Research Collaboration. Canberra: (FaHCSIA), 2013.
  •  M. Thielking, P. Flatau, A. Steen and D. MacKenzie, "Estimating the Cost of Youth Homelessness in Australia", Parity (forthcoming).
  • A. Steen, "Accounting for the real bottom line" In the Black, Magazine of CPA Australia, July 2012.
  • A.Steen, I. Brown, and J.Foreman, "Managing High Tech Risks," In the Black, Magazine of CPA Australia, February 2010.
  • A. Steen and K. Turpie, "The quiet hand in Australia's Export and Foreign Investment Success," In the Black, Magazine of CPA Australia, November 2008.
  • D, MacKenzie, K. Desmond, A. Steen, "Household Organisational Management Expenses Advice Program Evaluation Report," Commonwealth Department of Families, Housing, Community Services and Indigenous Affairs, 2007.
  • A. Steen and K. Kendall, "Introducing the Australian Stock Market: A Comprehensive Guide for Investors," Wrightbooks (John Wiley and Sons Australia), 2005.
  • A. Steen contributing author "CPA 106 Treasury," CPA Australia 2004.
  • A. Steen, chapter "Recent Developments" in "The Guide to Financial Risk Management," Thompson CPD, Australia 2004.
  • A. Steen contributing author "Understanding and Managing Financial Risk: An Essential Guide for Company Directors," CPA Australia Finance Centre of Excellence 2003.
  • A.Steen and V. Tripp, "Export Financing: It's one thing to build an export base; It's another to get paid for the job," Australian CPA, 72(8), 2002.

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