Research Interests / Areas of Expertise
Craig’s major research area is the area of social and environmental accountability – an area in which he has established an international reputation and an area in which he has a large number of refereed journal articles. He uses his research knowledge to also work closely with a number of corporations, professional and industry bodies, and government departments on various social and environmental accounting issues. In this respect he has attracted a number of research consultancies and grants. He also supervises numerous PhD students in the area
Craig also has a major interest in financial accounting – an area in which he is the author of the leading financial accounting textbook, Australian Financial Accounting (with McGraw-Hill and currently in its 6th edition) – a book that is widely used throughout Australian universities. A New Zealand adaption of this book (New Zealand Financial Accounting, McGraw-Hill by Deegan and Samkin) is also used by the majority of New Zealand universities.
Craig also writes in the area of financial accounting theory, and his book Financial Accounting Theory (McGraw Hill, 2rd edition) is used widely throughout Australia, and internationally – particularly in the UK and Europe.
Prizes and Awards
- Winner of the annual Peter Brownell Manuscript Award (1998) – awarded in 1998 for the paper “The design of efficient management remuneration contracts: a consideration of specific human capital investments”, which was published in Accounting and Finance.
- Winner of the University of Southern Queensland Award for Excellence in Research, 1998 (individual university-wide award)
- Asia Pacific Symposium on Accounting Issues Best Financial Reporting Paper Prize (1997) for the “The Public Disclosure of Environmental Performance Information - A Dual Test of Media Agenda Setting Theory and Legitimacy Theory” (co-authored with Noel Brown). This paper was subsequently published in Accounting and Business Research.
- Delloite and Touche Prize for Best Conference Paper at the 1996 South African Accounting Association Conference for the paper “The Materiality of Environmental Information to Users of Accounting Reports” (co-authored with Michaela Rankin) This paper was subsequently published in Accounting, Accountability and Auditing Journal.
- McGraw Hill International Best Original Achievement Award (2000): Asia Pacific/South African Region for Australian Financial Accounting, 2nd edition.
- Citation of Excellence Award at the level of Highest Quality Rating by ANBAR Electronic Intelligence (UK), awarded for international recognition of an outstanding contribution to the literature and body of knowledge for Deegan, C., Gordon, B., “A Study of The Environmental Disclosure Practices of Australian Corporations”, Accounting and Business Research, Vol 26, No. 3, Summer, 1996, pp 187 – 199
- Citation of Excellence Award at the level of Highest Quality Rating by ANBAR Electronic Intelligence (UK), awarded for international recognition of an outstanding contribution to the literature and body of knowledge for Deegan, C., Rankin, M., “Do Australian companies report environmental news objectively? An analysis of environmental disclosures by firms prosecuted successfully by the Environmental Protection Authority”, Accounting, Auditing and Accountability Journal, Vol 9, No. 2, 1996, pp 50 – 67
- Citation of Excellence Award at the level of Highest Quality Rating by ANBAR Electronic Intelligence (UK), awarded for international recognition of an outstanding contribution to the literature and body of knowledge for Deegan, C., Brown, N., “The Public Disclosure of Environmental Performance Information - A Dual Test of Media Agenda Setting Theory and Legitimacy Theory”, Accounting and Business Research, Winter 1998, Vol 29, No. 1, pp 21 – 41.
- Inaugural recipient of The Institute of Chartered Accountants in Australia Award for Teaching Excellence, 1992. This award is presented to the individual deemed to be the best lecturer (at any level of academic appointment) of any accounting related subject taught within any Queensland tertiary institution accredited by The Institute of Chartered Accountants in Australia.
- 1990 KPMG Peat Marwick Award for Best Lecturer, Department of Commerce, The University of Queensland.
Craig is Professor of Financial Accounting within the School of Accounting. He supervises a number of research students, typically in the area of social and environmental accountability.
He teaches in a number of areas, including financial accounting, and financial accounting theory.
Affiliations / Professional Memberships
Fellow of the Institute of Chartered Accountants in Australia
- Member of the editorial boards of several international accounting journals.
- Member of the judging panel of the Australian Sustainability Reporting Awards sponsored by ACCA.
- Member of the writing and review panel of CPA Australia’s Ethics and Governance Module.
Research Projects and/or Consultancy
- In 2006 awarded a competitive research grant of $35,000 from ACCA (UK) to research various factors associated with the incorporation of social and environmental performance matters in corporate governance mechanisms
- In 2003 awarded a competitive research grant of $30,000 from Environment Australia to investigate Australian environmental disclosure structures and initiatives.
- In 2003, awarded a competitive research grant of $20,000 by CPA Australia to investigate third party verifications of Australian triple bottom line reports.
- Granted funding (2002) from a consortium of the Institute of Chartered Accountants in Australia, Environmental Protection Authority (Vic), and Environment Australia to work on the Environmental Management Accounting Project.
- Follow-up Inquiry into Environmental Accounting and Reporting, Public Accounts and Estimates Committee, Parliament of Victoria, June 2000 (117 pages). As Specialist Adviser to the Victorian Government, Craig was responsible for contributing and reviewing material for the report.
- Interim Report of the Inquiry into Environmental Accounting and Reporting, Public Accounts and Estimates Committee, Parliament of Victoria, June 1998 (176 pages). As Specialist Adviser to the Victorian Government, Craig was responsible for contributing and reviewing material for the report.
- In conjunction with the Institute for Sustainable Futures (at UTS) in late 1999 Craig was awarded a ARC SPIRT Grant for the purpose of researching issues associated with implementing environmental accounting within local councils.
- Author of The Impact of Environmental Matters on the Accountancy Profession, Institute of Chartered Accountants in Australia, Sydney, January 1998 (written with input from M. Newson, G. Day, and P. Medley). Five thousand copies of this report were printed and distributed to members of the accountancy profession within Australia and elsewhere.
- 1997 ARC Small Grant for $10,000, “An analysis of the incidence of, the motivations for, and the benefits of, Australian corporate environmental disclosures”.
- Commissioned (1997), together with Marc Newson from PriceWaterhouse Coopers, to undertake analysis for BHP Petroleum to determine the environmental performance information demands of their various stakeholder groups and to help them develop a stand-alone environmental performance report. The work culminated in an 83 page report entitled BHP Petroleum – Common Ground Council: Preparation of environmental reporting criteria and guidelines.
- Commissioned (1996) by the Australian Minerals Council to prepare a document entitled Environmental Reporting: A guide for signatories to the Australian Minerals Code for Environmental Management.
- Awarded a competitive research consultancy (1996) for the development of a guidance document on Environmental Performance Evaluation and Reporting for Private and Public Organisations for the SRD and NSW EPA. This document received widespread acknowledgment both nationally and internationally.
- Commissioned (1995) to prepare briefing papers for the New South Wales Department of State and Regional Development (SRD) and the NSW Environmental Protection Authority (NSW EPA) on the subject of corporate environmental reporting.
- Deegan, C. (2019). Legitimacy theory: Despite its enduring popularity and contribution, time is right for a necessary makeover In: Accounting, Auditing and Accountability Journal, , 1 - 1
- Islam, M.,Deegan, C.,Gray, R. (2018). Social compliance audits and multinational corporation supply chain: evidence from a study of the rituals of social audits In: Accounting and Business Research, 48, 190 - 224
- Deegan, C. (2017). Twenty five years of social and environmental accounting research within Critical Perspectives of Accounting: Hits, misses and ways forward In: Critical Perspectives on Accounting, 43, 65 - 87
- Haque, S.,Deegan, C.,Inglis, R. (2016). Demand for, and impediments to, the disclosure of information about climate change-related corporate governance practices In: Accounting and Business Research, 46, 620 - 664
- Deegan, C. (2016). So, who really is a "noted author" within the accounting literature? A reflection on Benson et al. (2015) In: Accounting, Auditing and Accountability Journal, 29, 482 - 489
- Loh, C.,Deegan, C.,Inglis, R. (2015). The changing trends of corporate social and environmental disclosure within the Australian gambling industry In: Accounting and Finance, 55, 783 - 823
- O'Neill, S.,McDonald, G.,Deegan, C. (2015). Lost in translation: Institutionalised logic and the problematisation of accounting for injury In: Accounting, Auditing and Accountability Journal, 28, 180 - 209
- Deegan, C.,Shelly, M. (2014). Corporate social responsibilities: alternative perspectives about the need to legislate In: Journal of Business Ethics, 121, 499 - 526
- Deegan, C.,Islam, M. (2014). An exploration of NGO and media efforts to influence workplace practices and associated accountability within global supply chains In: The British Accounting Review, 46, 397 - 415
- Deegan, C. (2014). An overview of legitimacy theory as applied within the social and environmental accounting literature In: Sustainability Accounting and Accountability, Routledge, New York, United States
11 PhD Completions and 1 Masters by Research Completions4 PhD Current Supervisions