Dr Susanna Lu

Susanna Lu

Senior Lecturer in Finance, Undergraduate Convenor - Finance


Corporate Governance; Corporate Social Responsibility; Culture; Finance; Financial Accounting; International Finance; Sustainability

Qualifications: PhD in Finance, University of New South Wales, Sydney, Australia

Contact Details

Email: [email protected]
Room: MSB.2.30
Phone: +64 7 838 4973

Papers Taught

About Susanna

Dr. Susanna Lu is currently a Senior Lecturer in Finance at the School of Accounting, Finance, and Economics (SAFE) in Waikato Management School (WMS). She joined the University of Waikato in early 2015 after completing her PhD in Finance at the University of New South Wales (UNSW Sydney) in 2014.

Her research interest lies primarily in the area of empirical corporate finance. She has published in leading international peer-reviewed journals, including British Accounting Review (ABDC-A*), and a number of ABDC-A journals such as Pacific-Basin Finance Journal, Accounting and Finance, Australian Journal of Management, International Journal of Managerial Finance, Advances in Accounting, among others.

She has taught a wide range of courses, including Introductory Finance, Capital Markets, Personal Financial Planning, International Corporate Finance/Multinational Financial Management, Advanced Corporate Finance, Derivative Securities, and Financial Risk Management at both undergraduate and postgraduate levels.

She has extensive research supervision experience at Waikato and has successfully supervised a number of PhD and master students to completion.

She is the undergraduate convenor for Finance and was a member of the WMS Ethics Committee during 2017-2021.

Research Supervised

Susanna has successfully supervised three PhD students to completion at the University of Waikato.

-An investigation of the adoption of Islamic financing instruments by small and medium enterprises in the Sultanate of Oman, 2016-2019, completed.

-Determinants of capital structure adjustment speed: A cross-country analysis, 2017-2021, completed.

-Three essays on corporate governance, 2016-2021, completed;

She is also regularly supervising master student theses.

Research Interests

Empirical corporate finance, including corporate governance, boards of directors, managerial overconfidence, corporate innovation, capital structure and mergers and acquisitions.

Recent Publications

  • Almaskati, N., Bird, R., Yeung, D., & Lu, Y. (2021). A horse race of models and estimation methods for predicting bankruptcy. Advances in Accounting, 52, 18 pages. doi:10.1016/j.adiac.2021.100513

  • Huang, P., Lu, Y., & Faff, R. (2021). Social trust and the speed of corporate leverage adjustment: evidence from around the globe. Accounting and Finance, 61(2), 3261-3303. doi:10.1111/acfi.12701

  • Ho, L., Bai, M., Lu, Y., & Qin, Y. (2021). The effect of corporate sustainability performance on leverage adjustments. British Accounting Review, 53(5), 30 pages. doi:10.1016/

  • Ho, L., Lu, Y., & Bai, M. (2021). Liquidity and speed of leverage adjustment. Australian Journal of Management, 46(1), 76-109. doi:10.1177/0312896220918913

Find more research publications by Susanna Lu