Professor Mark Tippett

B. Com, University of Newcastle, NSW, Australia; PhD, University of Edinburgh, Scotland, UK; CA (ANZ)

  • Emeritus Professor of Accounting and Finance

Research groups and centres

In an academic career spanning over five decades, Emeritus Professor Mark Tippett has published two books and nearly 100 papers across nearly 30 academic and professional journals. His academic work has focused on three principal areas:

  1. the valuation of firms and corporations using accounting and market data;
  2. designing numerical algorithms for addressing measurement problems in accounting (eg determining losses on assets denominated in a nominal currency during hyperinflationary periods);
  3. determining the effects of monetary policy on asset prices and designing hedging procedures to mitigate them.

His papers have received annual manuscript awards in the British Accounting Review, Abacus and Accounting and Business Research. He has held professorial appointments at several institutions including the Australian National University, the University of Exeter, the Victoria University of Wellington and the University of Sydney. He is a past Joint Editor of The British Accounting Review and is a past Chairman of the Conference of Professors of Accounting and Finance. He has also served as a member of several editorial boards, including Abacus, Accounting and Business Research, the Journal of Business Finance and Accounting and the European Journal of Finance. Emeritus Professor Tippett is also an Associate member of Chartered Accountants Australia and New Zealand (formerly the Institute of Chartered Accountants in Australia) having commenced his career as an audit clerk with Cooper Brothers & Co. in 1968.

Research interests

  • Relationship between equity prices and accounting (book) figures
  • The impact of “real” options on equity prices
  • Estimating returns on financial instruments using discretely sampled data
  • Probability density function for equity returns

He has devoted most of his academic career towards illustrating the pseudo-scientific nature of much of the empirical research which is conducted in the accounting and finance disciplines.

  • Advisory Board, European Journal of Finance
  • Yizhe Dong, Robert Hamilton and Mark Tippett. 'Cost Efficiency of the Chinese Banking Sector: A Comparison of Stochastic Frontier Analysis and Data Envelopment Analysis', Economic Modelling, 36 (January 2014), pp. 298-308.
  • Ian Davidson, Xiaojing Song and Mark Tippett. 'Time Varying Costs of Capital and the Expected Present Value of Future Cash Flows', European Journal of Finance, 21, 2 (February 2015), pp. 129-146.
  • Hemantha Herath, Raafat Roubi, A. William Richardson and Mark Tippett. 'Non-Linear Equity Valuation: An Empirical Analysis', Abacus, 51, 1 (March 2015), pp. 86-115.
  • Qian Guo, Huw Rhys, Xiaojing Song and Mark Tippett. 'The Friedman Rule and Inflation Targeting', European Journal of Finance, 22, 14 (October 2016), pp. 1414-1434.
  • Dimu Ehalaiye, Tony van Zijl and Mark Tippett. 'The Predictive Value of Bank Fair Values', Pacific-Basin Finance Journal, 41 (February 2017), pp. 111-127.
  • Xiaojing Song, Mark Tippett and Andrew Vivian. 'Assessing Abnormal Returns: The Case of Chinese M&A Acquiring Firms', Research in International Business and Finance, 42 (December 2017), pp. 191-207.
  • Jing Chen, Diandian Ma, Xiaojing Song and Mark Tippett. 'Negative Real Interest Rates', European Journal of Finance, 23, 15 (2017), pp. 1447-1467.
  • Paul Docherty, Yizhe Dong, Xiaojing Song and Mark Tippett. 'The Feller Diffusion, Filter Rules and Abnormal Stock Returns', European Journal of Finance, 24, 5 (2018), pp. 426-438.
  • John van der Burg, Xiaojong Song and Mark Tippett. 'A Hyperbolic Model of Optimal Cash Balances', European Journal of Finance, 25, 2 (2019), pp. 101-115.
  • Adrian Melia, Xiaojing Song and Mark Tippett. 'Subtle is the Lord, but Malicious He is not: The Calculation of Abnormal Stock Returns in Applied Research', European Journal of Finance, 25, 9 (2019), pp. 835-855.
  • Yizhe Dong, Martien Lubberink, Diandian Ma and Mark Tippett. 'Earnings Momentum, Adaptation Value and Nonlinearities in the Valuation of Chinese Equity Stocks', Abacus, 55, 2 (2019), pp. 333-361.
  • Diandian Ma, Thu Phuong Truong, Xiaojing Song and Mark Tippett. 'Accumulated (Integrated) Interest and the Square Root Process', Accounting Research Journal, 32, 4 (2019), pp. 678-691.
  • Siqi Liu, Adrian Melia, Xiaojing Song and Mark Tippett. 'Singular Diffusions, Constant Elasticity of Variance Processes and Logarithmic Rates of Return', European Journal of Finance, 26, 9 (2020), pp. 837-853.
  • Dimu Ehalaiye, Tony van Zijl and Mark Tippett 'The Impact of SFAS 157 on Fair Value Accounting and Future Bank Performance', International Journal of Accounting and Information Management, 28, 4 (2020), pp. 739-757.
  • Xiaojing Song, Thu Phuong Truong and John van der Burg, 'The Quantity Theory of Stock Prices', European Journal of Finance, 28, 17 (2022), pp. 1685-1707.
  • Diandian Ma, Adrian Melia, Xiaojing Song and John van der Burg, 'Distributional Properties of the Book to Market Ratio and their Implications for Empirical Analysis', European Journal of Finance, 29, 11 (2023), pp. 1330-1353.
  • Adrian Melia, Xiaojing Song and John van der Burg, 'Hedging Quantitative Easing', European Journal of Finance, 30, 3 (2024), pp. 323-338.