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Contact details +6469517037
Dr David Smith BA, BA(Hons), BBS, MBS, PhD
Senior Lecturer
Doctoral Co-Supervisor School of Economics and FinanceDavid came to the Finance Group from a background in accountancy. His research interests include corporate finance in general and the capital structure of New Zealand companies in particular. David teaches 115.114 Finance Fundamentals.
Professional
Contact details
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Location: 2.01, BSW
Campus: Turitea
Qualifications
- Bachelor of Arts - Massey University (1985)
- Bachelor of Arts (Honours) - Massey University (1986)
- Bachelor of Business Studies - Massey University (1994)
- Master of Business Studies - Massey University (2005)
- Doctor of Philosophy - Massey University (2012)
Certifications and Registrations
- Licence, Co-Supervisor, Massey University
Research Expertise
Research Interests
Corporate finance in general and the capital structure of New Zealand companies in particular.
Thematics
Resource Development and Management
Area of Expertise
Field of research codes
Banking, Finance and Investment (150200):
Commerce, Management, Tourism And Services (150000):
Finance (150201)
Research Outputs
Journal
Yu, X., Liao, J., & Smith, D. (2024). How does regional religiosity influence corporate innovation? New evidence from China. Applied Economics Letters. 31(9), 811-818
[Journal article]Authored by: Liao, J., Smith, D.
[Journal article]Authored by: Liao, J., Smith, D.
Chen, J., & Smith, D. (2024). Disclosure policy choice, stock returns and information asymmetry: Evidence from capital expenditure announcements. Australian Journal of Management. 49(2), 192-213
[Journal article]Authored by: Chen, J., Smith, D.
[Journal article]Authored by: Chen, J., Smith, D.
Li, X., Tripe, D., Malone, C., & Smith, D. (2020). Measuring systemic risk contribution: The leave-one-out z-score method. Finance Research Letters. 36
[Journal article]Authored by: Smith, D.
[Journal article]Authored by: Smith, D.
Chen, J., & Smith, D. (2020). The consistency principle in relation to the WACC model. Advances in Financial Education. (Summer 2020), 159-173 Retrieved from https://jfedweb.org/issues/AFE/AFE2020.pdf
[Journal article]Authored by: Chen, J., Smith, D.
[Journal article]Authored by: Chen, J., Smith, D.
Read Abstract: ![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
Liao, J., Smith, D., & Liu, X. (2019). Female CFOs and accounting fraud: Evidence from China. Pacific Basin Finance Journal. 53, 449-463
[Journal article]Authored by: Liao, J., Smith, D.
[Journal article]Authored by: Liao, J., Smith, D.
Smith, DJ., Chen, J., & Anderson, HD. (2015). The influence of firm financial position and industry characteristics on capital structure adjustment. Accounting and Finance. 55(4), 1135-1169
[Journal article]Authored by: Anderson, H., Chen, J., Smith, D.
[Journal article]Authored by: Anderson, H., Chen, J., Smith, D.
Smith, DJ., Chen, J., & Anderson, HD. (2012). The relationship between capital structure and product markets: Evidence from New Zealand. Review of Quantitative Finance and Accounting. 38(1), 1-24
[Journal article]Authored by: Anderson, H., Chen, J., Smith, D.
[Journal article]Authored by: Anderson, H., Chen, J., Smith, D.
Thesis
Smith, DJ. (2011). An analysis of the capital structure determinants and financing behaviour of New Zealand firms. (Doctoral Thesis)
[Doctoral Thesis]Authored by: Smith, D.
[Doctoral Thesis]Authored by: Smith, D.
Read Abstract: ![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
Smith, DJ. (2003). The information value of earnings excluding goodwill amortisation in publicly listed New Zealand companies. (Master's Thesis, Massey University, Palmerston North, NZ)
[Masters Thesis]Authored by: Smith, D.
[Masters Thesis]Authored by: Smith, D.
Conference
Wirth, C., Chen, JG., & Smith, D. (2019). The market reaction to investment transparency. 23rd New Zealand Finance Colloquium 2019. Lincoln Unversity
[Conference Paper in Published Proceedings]Authored by: Chen, J., Smith, D.
[Conference Paper in Published Proceedings]Authored by: Chen, J., Smith, D.
Smith, D., Wirth, C., & Chen, J. (2019). Market reactions to investment transparency. 31st Asian FA 2019. : 2019 Asian FA
[Conference Paper in Published Proceedings]Authored by: Chen, J., Smith, D.
[Conference Paper in Published Proceedings]Authored by: Chen, J., Smith, D.
Read Abstract: ![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
Liao, J., Liu, X., & Smith, D. (2018). Female CFOs and corporate accounting fraud: Does board gender discrimination play a role?. New Zealand Finance Meeting 2018. : New Zealand Finance Meeting
[Conference Paper in Published Proceedings]Authored by: Liao, J., Smith, D.
[Conference Paper in Published Proceedings]Authored by: Liao, J., Smith, D.
Chen, JG., Smith, DJ., & Wirth, CG. (2018). How is investment efficiency related to investment transparency?. 22nd New Zealand Finance Colloquium 2018. : 22nd New Zealand Finance Colloquium 2018
[Conference Paper in Published Proceedings]Authored by: Chen, J., Smith, D.
[Conference Paper in Published Proceedings]Authored by: Chen, J., Smith, D.
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.
[Conference Paper in Published Proceedings]Authored by: Chen, J., Smith, D.
Smith, D., Chen, J., & Anderson, HD. (2012, December). Firm financing choices in a thin, capital constrained market. Presented at 25th Australasian Finance and Banking Conference. Sydney, Australia.
[Conference Oral Presentation]Authored by: Chen, J., Smith, D.
[Conference Oral Presentation]Authored by: Chen, J., Smith, D.
Read Abstract: ![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
Smith, D., Chen, J., & Anderson, HD. (2012). Firm financing choices in a thin, capital constrained market. The 25th AFBC Proceedings. Australia: 25th Australasian Finance and Banking Conference
[Conference Paper in Published Proceedings]Authored by: Anderson, H., Chen, J., Smith, D.
[Conference Paper in Published Proceedings]Authored by: Anderson, H., Chen, J., Smith, D.
Smith, D., Chen, J., & Anderson, H.(2011). Partial adjustment towards target capital structure: Evidence from New Zealand. . Queenstown, New Zealand
[Conference Paper]Authored by: Anderson, H., Smith, D.
[Conference Paper]Authored by: Anderson, H., Smith, D.
Read Abstract: ![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
Smith, D., Chen, J., & Anderson, H. (2011). Partial adjustment towards target capital structure: Evidence from New Zealand. Financial Management Association Asian Conference. (pp. 1 - 44).
[Conference Paper in Published Proceedings]Authored by: Anderson, H., Chen, J., Smith, D.
[Conference Paper in Published Proceedings]Authored by: Anderson, H., Chen, J., Smith, D.
Read Abstract: ![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
Smith, DJ.(2009). Determinants of capital structure: evidence from New Zealand. . Xiamen, China
[Conference Other]Authored by: Smith, D.
[Conference Other]Authored by: Smith, D.
Read Abstract: ![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
Smith, DJ., Chen, J., & Anderson, HD. (2008). The relationship between capital structure and product markets: Evidence from New Zealand. Proceedings of the 12th New Zealand Finance Colloquium.
[Conference Paper in Published Proceedings]Authored by: Anderson, H., Chen, J., Smith, D.
[Conference Paper in Published Proceedings]Authored by: Anderson, H., Chen, J., Smith, D.
Read Abstract: ![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
Other
Smith, D., Liao, J., & Liu, X. (2018, June). Female CFOs and corporate accounting fraud: Do board characteristics play a role?. Presented at 2018 Brown Bag Seminar Series, School of Economics and Finance, Massey University.
[Oral Presentation]Authored by: Smith, D.
[Oral Presentation]Authored by: Smith, D.
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.
[Working Paper]Authored by: Chen, J., Smith, D.
Read Abstract: ![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
Wirth, C., Chen, J., & Smith, DJ. (2017, May). How is investment efficiency related to investment transparency?.
[Oral Presentation]Authored by: Chen, J., Smith, D.
[Oral Presentation]Authored by: Chen, J., Smith, D.
Read Abstract: ![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
![abstract icon](/massey/app_templates/_pagetemplates/pagelets/academic_outputs/images/abstract.jpg)
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.
[Oral Presentation]Authored by: Smith, D.
Smith, DJ. (2015, February). The relationship between working capital management and profitability of New Zealand firms. In School of Economics Seminar Series, Massey University, Palmerston North, New Zealand.
[Oral Presentation]Authored by: Smith, D.
[Oral Presentation]Authored by: Smith, D.
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.
[Oral Presentation]Authored by: Smith, D.
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.
[Oral Presentation]Authored by: Smith, D.
Smith, DJ. (2004, May). The information value of earnings excluding goodwill amortisation in publicly listed New Zealand companies. : Massey University, Department of Finance, Banking and Property.
[Oral Presentation]Authored by: Smith, D.
[Oral Presentation]Authored by: Smith, D.
Teaching and Supervision
Summary of Doctoral Supervision
Position | Current | Completed |
---|---|---|
Co-supervisor | 4 | 0 |
Current Doctoral Supervision
Co-supervisor of:
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Ruijiang Li
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Doctor of Philosophy
Regulator as a minority shareholder, does it matters for corporate governance? -
Quang Vinh Vu
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Doctor of Philosophy
Dynamics between idiosyncratic risk and investment -
Junshi Chen
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Doctor of Philosophy
Employee treatment and firm performance and behavior: Evidence from China -
Zhennan Mao
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Doctor of Philosophy
Currency risk management for international investors