Philip Brown is a Commerce graduate of The University of New South Wales, where he received a University Medal. He completed his graduate work in the Graduate School of Business at the University of Chicago. He currently holds joint professorial appointments in accounting and finance at The University of New South Wales and The University of Western Australia. Philip was elected a Fellow of the Academy of the Social Sciences in Australia in 1978
In 1986 he and his University of Chicago colleague Ray Ball received the inaugural American Accounting Association's Seminal Contribution to Accounting Literature Award; and in 1996 he received the inaugural Accounting Association of Australia and New Zealand's Outstanding Contribution to the Accounting Research Literature Award, which he shared with R. J. Chambers.
In 1991 Philip Brown was the American Accounting Association's Distinguished International Visiting Lecturer; and in 1991/1992 he was the inaugural Coopers and Lybrand-Accounting Association of Australia and New Zealand Visiting Research Professor in Australasia.
In 2000 he was made a life member of the Accounting and Finance Association of Australia and New Zealand. In accounting circles Philip is known for his research into the role accounting reports play in informing financial markets. More recently he has focused on how the corporate governance arrangements of companies influences their disclosure policies, and how financial analysts and the market more generally respond to those policies.
Description: When Ray Ball and Philip Brown AM received the inaugural Seminal Contribution to Accounting Literature award for their 1968 paper it was said that "The evidence accumulated from financial accounting research that traces its roots to the Ball and Brown paper, as well as the great number of citations to this pioneering work, testify to its enduring impact." That statement remains true today