Millicent Chang

Associate Professor, BCom MCom PhD W.Aust.

  • The University of Western Australia (M250), 35 Stirling Highway,

    6009 Perth


  • Source: Scopus
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Personal profile


Millicent joined UWA as an associate lecturer in 1992 and completed her PhD in 2002. Her thesis examined the transfer of accounting and other information for a sample of Australian firms. Her current research interests lie in the areas of insider trading and disclosure in capital markets. Millicent teaches corporate finance and capital markets research.

Roles and responsibilities

Deputy Head of Discipline

Funding overview

M Chang, I Watson 2011, 'Share Trading by Corporate Insiders - Effects & Implications', ARC Discovery Projects.

J Yu, M Chang 2011, 'The Effect of IFRS on the Information Content of Insider Trades', Accounting & Finance Association of Australia & New Zealand (AFAANZ).

M Wee, M Chang 2009, 'Do Corporate Governance & Insider Trading Policy Affect the Information Content of Insider Trades', Accounting & Finance Association of Australia & New Zealand (AFAANZ).

M Chang 2007, 'Do Undisclosed Trades Convey Information on Future Firm Performance?', UWA Research Grants Scheme.

M Chang, I Watson 2005, 'Insider Trading and Incentives to Manage Earnings and Forecasts', Accounting and Finance Association of Australia and New Zealand Ltd.

Previous positions

Lecturer - Australian National University

Current projects

Disclosure informativeness and price discovery

Director trading around M&As

Gender diversity and earnings management

R&D investment and insider trading

Substantial shareholder trading in the leadup to takeover bids

Effect of enforcement on accounting quality

Teaching overview

FINA2222 Corporate Financial Policy
FINA4491 Capital Markets Research


Insider trading
Corporate disclosure
Managerial incentives
Corporate governance

Research expertise keywords

  • Corporate Disclosure
  • Insider Trading
  • Managerial Incentives
  • Insider trading
  • Corporate disclosures
  • Corporate governance


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