Professor Paul Gerrans
Accounting and Finance (UWA Business School)
- Contact details
- Accounting and Finance (UWA Business School)
The University of Western Australia (M250)
35 Stirling Highway
CRAWLEY WA 6009
- +61 8 6488 2910
- +61 8 6488 1047
- BBus GradDipEd WACAE, MEc James Cook, PhD E.Cowan
- Paul Gerrans joined the UWA Business School in 2010 having previously been at Edith Cowan University as well also enjoying visiting positions at Susquehanna University, Pennsylvania. Over the past 15 years Paul has progressed from having a curiosity with consumer investment decision making to such choices being the major focus of his research. Superannuation, and retirement savings more broadly, is a research area of particular interest. We have been given a great deal of responsibility in the financial decisions that we can, and are, asked to make. Paul teaches personal finance and financial planning and undertakes related research into financial literacy and financial advice seeking. A final area of interest brings the strands of research together by examining financial decision making as we age and the role of cognitive decline and advice seeking. Paul has been a member of federal government superannuation advisory bodies, and presently has roles with financial literacy research committees with the OECD and ASIC.
- Key research
- Superannuation and retirement savings, individual investment decision making and performance, financial literacy, cognitive decline and financial decision making, financial anxiety and financial advice.
- Gerrans, P. and Heaney, R. (in press). The Impact of Undergraduate Personal Finance Education on Individual Financial Literacy, Attitudes, and Intentions. Accounting and Finance.
Gerrans, P. and Hershey, D. (in press). Financial Adviser Anxiety, Financial Literacy and Financial Advice Seeking. Journal of Consumer Affairs.
Feng, J. and Gerrans, P. 2016. Patterns of voluntary contributions to superannuation: A longitudinal analysis. JASSA, 2016:2, pp.63-71.
Gerrans, P., Strydom, M., Moulang, C., and Feng, J., Investment strategy on retirement savings: An analysis of the experience of fund members. JASSA, 2016:2, pp.54-62.
Koposko, J. L., Kiso, H., Hershey, D. A., Gerrans, P. 2016, 'Perceptions of Retirement Savings Relative to Peers', Work, Aging and Retirement, 2, 1, pp. 65-72.
Earl, J.K., Gerrans, P., Halim, V.A. 2015, 'Active and Adjusted: Investigating the Contribution of Leisure, Health and Psychosocial Factors to Retirement Adjustment', Leisure Sciences, 37, 4, pp. 354-372.
Earl, J.K., Gerrans, P., Asher, A., Woodside, J. 2015, 'Financial literacy, financial judgement, and retirement self-efficacy of older trustees of self-managed superannuation funds', Australian Journal of Management, 40, 3, pp. 435-458.
Gerrans, P., Faff, R., Hartnett, N. 2015, 'Individual financial risk tolerance and the global financial crisis', Accounting and Finance, 55, 1, pp. 165-185.
Croy, G., Gerrans, P., Speelman, C.P. 2015, 'A mediating role for anticipated regret in predicting retirement savings intention between groups with (without) past behaviour', Australian Journal of Psychology, 67, 2, pp. 87-96.
Jamaludin, N., Gerrans, P. 2015, 'Retirement savings investment decisions: evidence from Malaysia', Journal of the Asia Pacific Economy, 20, 4, pp. 644-657.
Campitelli, G., Gerrans, P. 2014, 'Does the cognitive reflection test measure cognitive reflection? A mathematical modeling approach', Memory and Cognition, 42, 3, pp. 434-447.
Gerrans, P., Speelman, C.P., Campitelli, G. 2014, 'The Relationship Between Personal Financial Wellness and Financial Wellbeing: A Structural Equation Modelling Approach', Journal of Family and Economic Issues, 35, 2, pp. 145-160.
Gerrans, P., Yap, G. 2014, 'Retirement savings investment choices: Sophisticated or naive?', Pacific Basin Finance Journal, 30, pp. 233-250.
Gan, S, Heaney, R.A., Gerrans, P. 2014, 'Individual investor portfolio performance in retirement savings accounts', Australian Journal of Management, 40, 4, pp. 652-671.
Speelman, C. , Clark-Murphy, M. and Gerrans, P. (2013). Decision making clusters in retirement savings: Gender differences dominate. Journal of Family and Economic Issues 34(3),329-339. DOI 10.1007/s10834-012-9334-z.
Gerrans, P. (2012). Retirement savings investment choices in response to the global financial crisis: Australian evidence. Australian Journal of Management 37(3), 415-439.
Croy, G., Gerrans, P. and Speelman, C. (2012). Normative influence on retirement savings decisions: Do people care what employers and the government want? Australian Journal of Psychology 64(2), 83-91.
Jamaludin, N., Smith, M. and Gerrans, P. (2012) "Mutual fund selection criteria: evidence from Malaysia", Asian Review of Accounting 20(2), 140-151.
Gerrans, P. and Fry, K. (2012). Truth in labelling: Judging superannuation products by name. Journal of Superannuation Management 4(1), 22-31.
Gutierrez, H., Hershey, D. and Gerrans, P. (2011). What to do when clients are reluctant to share. CSA Journal. 49, 39-44.
Gerrans, P., Clark-Murphy, M., and Speelman, C. (2010). Asset allocation and age effects in retirement savings choices, Accounting and Finance.
Gerrans, P. Clark-Murphy, M., and Truscott, K. (2009). Financial Literacy and Superannuation Awareness of Indigenous Australians: Pilot Study Results. Australian Journal of Social Issues. 44(4), 417-439.
Allen, D., Gerrans, P. Singh, A., and Powell, R. (2009) Quantile regression: Its application in investment analysis. JASSA. 1, 1-12.
Clark-Murphy, M., Gerrans, P., and Speelman, C. (2009). Drivers of individuals' superannuation investment choices: Preliminary evidence on return chasing and demographics. Journal of Family and Economic Issues. 30(1), 4-19.
Kristoffersen, I., Gerrans, P. and Clark-Murphy, M. (2008). Corporate social performance and financial performance. Accounting, Accountability and Performance.
Speelman, C., Clark-Murphy, M., & Gerrans, P. (2007). Decision Making Clusters in Retirement Savings: Preliminary Findings. Australian Journal of Labour Economics, 10(2), 115-127.
Gerrans, P. (2006). Morningstar Ratings and Future Performance. Accounting and Finance 46 (4), 605-628.
Gerrans, P., Gardner, D., Speelman, C. and Clark-Murphy, M. (2006). An Investigation of Home Bias in Superannuation Investment Choices. Economic Papers, 25(1), 17-31.
Gerrans, P., Clark-Murphy, M. and Speelman, C. (2006). How much investment choice is enough for members? Australian Accounting Review 16(3), 14-22.
Clark-Murphy, M. and Gerrans, P. (2004). Apparently contradictory superannuation choices among younger fund members: a misunderstanding of risk? Economic Papers, 23(2), 101-113.
Gerrans, P. (2004). Australian managed fund ratings and individual investors. Australian Journal of Management, 29 (1), 87-107.
Gerrans, P. & Clark-Murphy, M. (2004). Gender differences in retirement savings decisions. Journal of Pension Economics and Finance, 3(2), 145-164.
Gerrans, P., Kristofferson, I. and Clark-Murphy, M., (2004). The behaviour of socially responsible investments as financial assets. Australian Accounting Review, 14(3), 10-20.
Clark-Murphy, M., Kristofferson, I., & Gerrans, P. (2002). What makes super decision difficult? International Journal of Business Studies, 10(1), 73-94. (C)
Clark-Murphy, M., & Gerrans, P. (2002). Matters of choice. Superfunds (February), 48-50.
Clark-Murphy, M. and Gerrans, P. (2001). Consultation and resource usage in retirement usage in retirement savings decisions: Australian evidence of systematic gender differences. Financial Services Review, 10, 273-290.
Clark-Murphy, M. and Gerrans, P. (2001). Choices and retirement savings: Some preliminary results on superannuation fund member decisions. Economic Papers, 20(3), 29-42.
Gerrans, P. and Hutchinson (2000). Sustainable development and small to medium enterprises: A long way to go. In R. Hillary (Ed.), Small and Medium-Sized Enterprises and the Environment (pp.75-81). London: Greenleaf Publishing.
- Roles, responsibilities and expertise
- Chair, Business School Regional Ethics and Research Committee
- Funding received
- •2015: Financial Literacy Australia - University Level Financial Literacy Education Interventions, Financial Literacy Australia $38,021
•2013-2016: CSIRO FLAGSHIP COLLABORATION FUND - Superannuation Cluster: “Better Superannuation Outcomes” Stream $127,000
CIs: Stream Leader with Gordon Clark
•2013: Institute of Chartered Accountants Australia $19,000
Title: Advising Self Managed Superannuation Fund Trustees - The Role of Cognitive Functioning
CIs: Gerrans, Earl and Asher
•2016, 2015, 2014, 2013: Colonial First State $42,450
Title: Equity Preference in Australian Managed Fund Flows
CIs: Gerrans, Da Silva Rosa and Heaney
•2012 Business School Research Development Award $11,000 Title: Ages of Investing
CIs: Gerrans and Treepongkaruna
•2011 National Seniors Australia: Productive Ageing Centre $33915
Title: The Role of Financial Literacy and Financial Anxiety in Older Australians’ Retirement Savings Decisions
CI’s: Gerrans and Hershey
•2009-2012 ARC Linkage Grant: Building Financial Literacy and Retirement Savings Engagement by Developing a Financial Education Programme for the Workplace. (with Clark-Murphy and Speelman)
Partners: Government Employees Superannuation Board and Western Australia Police.
•2009 Australian Institute of Superannuation Trustees: Choice and Member Responses to the Global Financial Crisis.
Partners: AIST, six Australian superannuation funds
•2009 AFAANZ Research Grant: Retirement Savings Strategy Choices: Style and Sophistication. (with Yap)
•2007 Australian Institute of Aboriginal & Torres Strait Islander Studies Research Grant: Financial Literacy and Attitudes to Superannuation among Indigenous Australians.
(with Clark-Murphy and Truscott)
•2003-2005 ECU Industry Collaborative Grant 2003-2005: The Retirement Savings Decisions of Australian Workers: A Long-Term Study of Public Sector and Industry Fund Members.
(with Clark-Murphy). Partners: UniSuper, HESTA, STA, GESB.
•2004 Industry Funded Project ($5000): Website development by Australian superannuation funds.
(with Clark-Murphy). Partners: UniSuper and STA.
•2002 Commissioned project: Australian Securities and Investments Commission: $4000.
Managed Fund Advertising. Partner: ASIC.
- Honours and awards
- 2013 MoneySmart Outstanding Achievement Award in Financial Literacy
2010 The Australian Centre for Financial Studies –Finsia Banking and Finance Conference, Finsia Best Paper Award.
2005 ECU Faculty of Business, Postgraduate Teaching Excellence, Postgraduate Student Association
2004 ECU Faculty of Business, Research Supervision Excellence, Postgraduate Student Association
- Previous positions
- Edith Cowan University 1990-2010
Susquehanna University, Visiting Positions 1995, 2007
- Managing your Personal Finances
Current PhD supervision at UWA: Inge Kristoffersen "Economic analysis of happiness and satisfaction: selected methodological issues and applications"
Completed PhD supervisions at ECU: Nurasykin Jamaludin "Individual retirement savings behaviour: Evidence from Malaysia"
Gerry Croy: "Psychological determinants of retirement savings behaviour: An application of the theory of planned behaviour"
- Current external positions
- International Network on Financial Education Research Committee, OECD
Australian Securities and Investments Commission, MoneySmart Teaching Evaluation Steering Group
- Research profile
Research profile and publications