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Professor David Lont

Professor
BCom(Hons), PhD, FCA, FCPA (Aust.)David_Lont

Tel +64 3 479 8119
Mob +64 21 783 531
Office OBS 3.07
Email david.lont@otago.ac.nz

SSRN author page: www.ssrn.com/author=11269

Professor David Lont became Head of Department of Accountancy and Finance at the University of Otago in 2014. He joined the University in 1989 and has taught accounting theory, first year accounting, financial reporting and analysis and a variety of post graduate research papers.

He is a fellow of the Chartered Accountants Australia & New Zealand and served as a committee member for the Otago Branch (2003-2011), on the Institute's publications committee from 2006–2010 and the Institutes Corporate Annual Report Awards (2003-2011). He also served on the PhD Scholarship committee from 2008-2014, chairing this from 2012. He is also a fellow of CPA Australia and has won a highly competitive CPA Global Research Perspectives grant. He was a panel member on the Performance-Based Research Fund (PBRF) 2018 Quality Evaluation exercise.

In 2014, he was offered the honorary title of senior scholar in Management at the University of California, Davis after a long association with their Graduate School of Management and he was made a fellow of ANU’s ANCAAR in 2017 for his contribution to audit research and emerging scholars.

His current research interests are primarily in capital markets, and the economics of financial reporting and auditing. He has presented papers at a number of high profile conferences including the American Accounting Association national conference, Accounting and Finance Association of Australia and New Zealand (AFAANZ) annual conference, European Accounting Association, and plenary sessions at Journal of Contemporary Accounting and Economics annual conference (2004), (2008) and (2011), (2018) and ANCAAR (2012).

He has published papers in leading journals including Accounting and Finance (winning the Peter Brownell prize for best paper in 2010, and runner-up prize in 2009 and 2011). He has also published in Abacus, Accounting Forum, Asia Pacific Journal of Accounting and Economics, Auditing, A Journal of Practice and Theory, Contemporary Accounting Research, Journal of Contemporary Accounting and Economics, the Journal of Accounting Education, and Pacific Accounting Review.

He is an associate editor for Abacus, and Accounting and Finance, and on the editorial board of International Journal of Auditing (all A rated on the ABDC list), and Pacific Accounting Review (PAR) (B rated) and is also one of its trustee. He has reviewed articles for a number of leading journals including Abacus, Accounting Education, Accounting and Finance, Accounting Horizons, Auditing, A Journal of Practice and Theory, British Accounting Review, Contemporary Accounting Research, Pacific Accounting Review, and Review of Accounting Studies and The Accounting Review. He chaired the technical committee for financial accounting papers for AFAANZ annual conference from 2006-2009. He was elected as a director of AFAANZ in 2008 and was the New Zealand President from 2011-2014.

Teaching

  • ACCT310

Research interests

  • Capital markets
  • The economics of financial reporting and auditing

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Publications

Griffin, P., Lont, D., & Lubberink, M. (2019). Extreme high surface temperature events and equity-related physical climate risk. Weather & Climate Extremes. Advance online publication. doi: 10.1016/j.wace.2019.100220

Griffin, P., Lont, D., & Lubberink, M. (2019). Extreme high surface temperature events and equity climate risk. Proceedings of the Accounting & Finance Association of Australia and New Zealand (AFAANZ) Annual Conference. Retrieved from http://www.afaanzconference.com

Lont, D., & Griffin, P. (2019). Insightful insiders: Do bond market returns explain insider trading around debt covenant violation disclosures? Proceedings of the Accounting & Finance Association of Australia and New Zealand (AFAANZ) Annual Conference. Retrieved from http://www.afaanzconference.com

Lont, D., Griffin, P., & Pomare, C. (2019). The curious case of Canadian corporate emissions valuation. Proceedings of the Accounting & Finance Association of Australia and New Zealand (AFAANZ) Annual Conference. Retrieved from http://www.afaanzconference.com

Geertsema, P. G., Lont, D. H., & Lu, H. (2018). Stock price response to new-CEO earnings news. Accounting & Finance, 58(3), 849-883. doi: 10.1111/acfi.12239

Journal - Research Article

Griffin, P., Lont, D., & Lubberink, M. (2019). Extreme high surface temperature events and equity-related physical climate risk. Weather & Climate Extremes. Advance online publication. doi: 10.1016/j.wace.2019.100220

Geertsema, P. G., Lont, D. H., & Lu, H. (2018). Stock price response to new-CEO earnings news. Accounting & Finance, 58(3), 849-883. doi: 10.1111/acfi.12239

Geertsema, P. G., Lont, D. H., & Lu, H. (2018). Real earnings management around CEO turnovers. Accounting & Finance. Advance online publication. doi: 10.1111/acfi.12434

Griffin, P. A., & Lont, D. H. (2018). Game changer? The impact of the VW emission-cheating scandal on the interrelation between large automakers’ equity and credit markets. Journal of Contemporary Accounting & Economics, 14(2), 179-196. doi: 10.1016/j.jcae.2018.05.004

Diaz-Rainey, I., Roberts, H., & Lont, D. H. (2017). Crude inventory accounting and speculation in the physical oil market. Energy Economics, 66, 508-522. doi: 10.1016/j.eneco.2017.03.029

Griffin, P. A., Lont, D. H., & Sun, E. Y. (2017). The relevance to investors of greenhouse gas emission disclosures. Contemporary Accounting Research, 34(2), 1265-1297. doi: 10.1111/1911-3846.12298

Higgins, S., Lont, D., & Scott, T. (2016). Longer term audit costs of IFRS and the differential impact of implied auditor cost structures. Accounting & Finance, 56, 165-203. doi: 10.1111/acfi.12190

Griffin, P. A., Jaffe, A. M., Lont, D. H., & Dominguez-Faus, R. (2015). Science and the stock market: Investors’ recognition of unburnable carbon. Energy Economics, 52(Part A), 1-12. doi: 10.1016/j.eneco.2015.08.028

Griffin, P. A., Lont, D. H., & Sun, Y. (2014). Supply chain sustainability: Evidence on conflict minerals. Pacific Accounting Review, 26(1/2), 28-53. doi: 10.1108/PAR-04-2013-0023

Griffin, P. A., Lont, D. H., & McClune, K. (2014). Insightful insiders? Insider trading and stock return around debt covenant violation disclosures. Abacus, 50(2), 117-145. doi: 10.1111/abac.12025

Crawford, L., Lont, D., & Scott, T. (2014). The effect of more rules-based guidance on expense disclosure under International Financial Reporting Standards. Accounting & Finance, 54(4), 1093-1124. doi: 10.1111/acfi.12037

Douglas, E., Lont, D., & Scott, T. (2014). Finance company failure in New Zealand during 2006–2009: Predictable failures? Journal of Contemporary Accounting & Economics, 10, 277-295. doi: 10.1016/j.jcae.2014.10.002

Griffin, P. A., Lont, D. H., & Segal, B. (2011). Enforcement and disclosure under regulation fair disclosure: An empirical analysis. Accounting & Finance, 51(4), 947-983. doi: 10.1111/j.1467-629X.2011.00446.x

Griffin, P. A., & Lont, D. H. (2011). Audit fees around dismissals and resignations: Additional evidence. Journal of Contemporary Accounting & Economics, 7(2), 65-81. doi: 10.1016/j.jcae.2011.10.001

Griffin, P. A., & Lont, D. H. (2010). Do investors care about auditor dismissals and resignations? What drives the response? Auditing, 29(2), 189-214. doi: 10.2308/aud.2010.29.2.189

Griffin, P. A., Lont, D. H., & Sun, Y. (2010). Agency problems and audit fees: Further tests of the free cash flow hypothesis. Accounting & Finance, 50(2), 321-350. doi: 10.1111/j.1467-629X.2009.00327.x

Balshaw, V., & Lont, D. (2010). New Zealand operating expense disclosure: The impact of international financial reporting standards on early adopters. Pacific Accounting Review, 22(2), 108-123. doi: 10.1108/01140581011074502

Griffin, P. A., Lont, D. H., & Sun, Y. (2009). Governance regulatory changes, International Financial Reporting Standards adoption, and New Zealand audit and non-audit fees: Empirical evidence. Accounting & Finance, 49(4), 697-724. doi: 10.1111/j.1467-629X.2009.00310.x

Griffin, P. A., Lont, D. H., & Sun, Y. (2008). Corporate governance and audit fees: Evidence of countervailing relations. Journal of Contemporary Accounting & Economics, 4(1), 18-49.

Griffin, P. A., & Lont, D. H. (2007). An analysis of audit fees following the passage of Sarbanes-Oxley. Asia-Pacific Journal of Accounting & Economics, 14, 161-192.

Griffin, P. A., & Lont, D. H. (2005). Taking the oath: Investor response to SEC certification under Sarbanes-Oxley. Contemporary Journal of Accounting & Economics, 1, 27-63.

Humphrey, P., & Lont, D. (2005). A variance-ratio test of the Random Walk Hypothesis for the New Zealand share market: 1980-2001. Pacific Accounting Review, 17(2), 54-73.

Lont, D. H. (2002). Unspecified operating expense disclosure requirements in New Zealand, has FRS 9 made a difference. Pacific Accounting Review, 14(2), 57-95.

Etebari, A., & Lont, D. H. (2001). Monthly and daily patterns in equity returns: New Zealand evidence. New Zealand Investment Analyst, 2001, 10-14.

Dow, R., Tomkins, J., & Lont, D. H. (2001). The intangibles debate. Chartered Accountants Journal, 80(6), 74-76.

McDonald, R., & Lont, D. H. (2001). Financial reporting on the web - A 2001 review. Chartered Accountants Journal, September, 64-68.

Heaton, G., & Lont, D. H. (1999). Losing Touch with Reality. Chartered Accountants Journal, (October), 68-70.

Lont, D. H. (1999). Using an intranet to facilitate student-centered learning. Journal of Accounting Education, (17), 293-320.

Lont, D. H. (1998). Integrating Information Technology into Accounting. Chartered Accountants Journal, (February 1998), 34-37.

Lont, D. H., MacGregor, A. C., & Willett, R. (1998). Technology and the Accounting Profession, a time for change or caution? (reprinted). Malaysian Accountants Journal, December, 25-27.

Lont, D. H., MacGregor, A. C., & Willett, R. (1998). Technology and the Accounting Profession. Chartered Accountants Journal, 77(1), 31-32.

Burke, J. L., Lont, D. H., & MacGregor, A. C. (1997). Beta: useful or not? Chartered Accountants Journal, 76(3), 67-70.

Lont, D. H. (1997). An examination of requirements for disclosure of unspecified operating expenses in New Zealand. Accounting Forum, 21(2), 149-173.

Lont, D. H., & MacGregor, A. C. (1996). Integrating information technology. Chartered Accountants Journal, 75(3), 19-21.

Lont, D. H. (1996). The timeliness of preliminary earnings announcements of New Zealand companies for the 1994 and 1995 financial years. Chartered Accountants Journal, 75(7), 38-39.

Burke, J. L., Lont, D. H., & MacGregor, A. C. (1996). Always better with beta? Chartered Accountants Journal, 75(7), 35-37.

Lont, D. H. (1996). Information Technology in the [accounting] Curriculum. Chartered Accountants Journal, 75(2), 19-21.

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Journal - Research Other

Lont, D., & Scott, T. (2014). Expense reporting and IFRS adoption. Chartered Accountants Journal, 93(1), 34-35.

Griffin, P. A., Lont, D., & Sun, Y. (2014). What do "smart phones", "free speech", and "humanitarian crisis" have in common? Review of Financial Regulation Studies Newsletter, 13, 7-8.

Lont, D. (2013). [Review of the book The myth of the rational market: A history of risk, reward, and delusion on Wall Street]. Accounting Review, 88(3), 1129-1132. doi: 10.2308/accr-10330

Lont, D., & Wong, N. (2010). Issues in financial accounting and reporting: A Pacific Rim focus [Guest Editorial]. Pacific Accounting Review, 22(2), 85-91. doi: 10.1108/01140581011074485

Lont, D., & Sun, Y. (2007). Timeliness of filing: A mixed bag. Chartered Accountants Journal, (February), 28-30.

Lont, D., & Sun, Y. (2007). Preliminary announcements mostly made soon after audit. Chartered Accountants Journal, (March), 49-50.

Lont, D., & Sun, E. (2006). Timeliness of NZ companies' preliminary earnings announcements. Chartered Accountants Journal, (December), 61-64.

Lont, D., Rodgers, L., & MacGregor, A. C. (2004). A taxing time. Chartered Accountants Journal, 83(11), 54-55.

Lont, D., & Rodgers, L. (2004). How have companies fared? Chartered Accountants Journal, February, 59-61.

Lont, D. H. (2003). Financial reporting on the internet. Chartered Accountants Journal, August 200, 63-65.

Lont, D. H., Rodgers, L., & Seng, D. (2003). The timeliness of preliminary earnings announcements of NZ companies 1998-2002. Chartered Accountants Journal, 82(11), 66-68.

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Journal - Professional & Other Non-Research Articles

Diaz-Rainey, I., Roberts, H., & Lont, D. (2016). Can accounting inventory data shed light on physical oil market speculation? IAEE Energy Forum, (Bergen Spec. Iss.), 23-24.

Lont, D., & Scott, T. (2015). Predicting finance company failures. Acuity, 2. Retrieved from http://www.charteredaccountantsanz.com/en/Site-Content/Innovative-Thinking/Acuity/February-2015/Predicting-finance-company-failures.aspx#.VO_GBS6wGra

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