Professor Reza Kouhy

Interim Head of Division of Accounting, Finance and Economics

School Dundee Business School

Department Division of Accounting Finance and Economics

Contact info

+44 (0)1382 30 8762


I’m a Professor of Energy and Environmental Accounting.  I also lead the Energy and Oil & Gas Group which consists of an interdisciplinary group of academics and practitioners at Abertay. 

I previously held roles within the private sector - as a senior external auditor and as a consultant – and lecturing and senior lecturing positions at Dundee University and Glasgow Caledonian University.

I have published extensively in both academic and professional journals and in 2012 received the Impact of Research Award for my study on Corporate Social and Environmental Reporting.  I have been invited as a keynote speaker to many international conferences and also presented my research at conferences all over the world and acted as honorary advisor to the Oil and Gas Academy of Scotland.

My research interests include:

• Renewable Energy Accounting and Finance
• Carbon Accounting
• Oil and Gas Accounting
• Social and Environmental Accounting
• Human Resource Valuation
• Human Resource Management
• Performance Measurement
• Financial Accounting and Management Accounting

Through my research, I have developed close ties with universities in the UK, Sweden, the USA and Japan. I have also supervised many PhD and MSc students on topics related to the above research areas.

I recently designed and developed a new MSc Programme titled: Accounting and Finance for the Global Energy Sector which will run from September 2018.

New MSc Energy Accounting and Finance Programme - Starting Academic Year 2018-19

Professor Kouhy has recently designed and developed a new MSc Programme entitled: “MSc Accounting and Finance for the Global Energy Sector” which will starts from Academic year 2018-19. He as the Programme Leader stated: 

“We are pleased to introduce this unique, exciting and novel programme within the current Global Energy Transition environment. This MSc Programme provides a unique opportunity for gaining ‘knowledge’ and ‘skills’ of Energy Accounting and Finance connected to the needs of various industries and international organisations such as International Energy Agency (IEA), United Nations (UN); and World Bank. Our expert academic team are well connected to energy industries and distinguished energy experts. We look forward to working closely with students and industries on this exciting leading-edge MSc programme.”

Professor Kouhy has been involved with the following teaching programmes:

1)       Lecturer and Module Leader for Research Methods for PhD and Master students.

2)       Lecturer and Module Leader: Renewable Energy - Its Benefits and Challenges

3)       Lecturer and Module Leader: Oil and Gas Accounting for PhD and Master students.

4)       Lecturer on Financial Reporting Theory for PhD and Master students.

5)       Lecturer and Course Leader: Human Resource Accounting (for junior and senior honours students).

6)       Lecturer and Course Leader: Management Accounting for second year students.

7)       Lecturer and  Course Leader: Financial Accounting for second and third year students.

8)       Lecturer on Business Environment for first year students.

9)       Lecturer on Income Measurement Models for both junior and senior honours students.

To utilise his research output and interests within his teaching, Professor Kouhy has linked a series of his lectures to the relevant research topics such as Renewable Energy, Oil and Gas Accounting, Human Resource Accounting (HRA), Human Asset Valuation (HAV). These lectures have been delivered to PhD, Master, junior and senior honours students and have been viewed as enjoyable and stimulating lectures.

 Main research interests:

  • Renewable Energy Accounting anf Finance,
  • Carbon Accounting,
  • Oil and Gas Accounting,
  • Social and Environmental Accounting,
  • Human Resource Valuation,
  • Human Resource Management and Organisational Performance,
  • Performance Measurement,
  • Financial Accounting and Management Accounting 

Professor Kouhy has supervised several successful PhD and Master students in areas of Social and Environmental Accounting, Oil and Gas Accounting, Financial Reporting, Management Accounting, Human Resource Accounting, and Performance Measurement.


  • Impact of Research Award (Awards for Excellence 2012):

For publication entitled: "Corporate Scocial and Environmental Reporting: A Review of the Literature and a Longitudinal Study of the UK Disclosure", (Emerald Literatei Network).

  • Highly Commended Paper (Awards for Exellence 2010):

For publication entitled: "Human Resource Policies, Management Accounting and Organisational Performance", (Emerald Literatei Network).

National link and research collaboration:

  • Nottingham Business School, NTU. 
  • Department of Accountancy and Business Finance, Glasgow University.
  • Accounting and Finance Department, Business School, Middlesex University.
  • Department of Accounting, Finance & Risk; Glasgow Caledonian University

International link and research collaboration/link:

  • Personnel Economics Institute, Stockholm University, Sweden.
  • Yokohama National University, Japan.


Selected Publications

  • “The Impact of Corporate Characteristics on Social and Environmental Disclosure (CSED):The Case of Jordan”, T. Bani-Khalid, R. Kouhy and A. Hassan, Journal of   Accounting and Auditing: Research & Practice, February 2017.
  • “Readings in UK Energy Security”, H. Abdo, and R. Kouhy, Energy Sources, Part B:Economics, Planning and Policy 2016, VOL. 11, NO. 1, 18–25.
  • “An empirical study of the determinants of UK oil and gas voluntary disclosures”,  S. McChlery; R. Kouhy; C. Paisey and H. Hussainey; Journal of Applied Economics, 2015, Vol.45 Issue 54.
  • "From environmentalism to corporate environmental accountability in the Nigerian petroleum industry: Do green stakeholders matter?", A. Hassan, R. Kouhy, International Journal of Energy Sector Management, Vol. 9 Iss: 2, (2015) pp.204 – 226.
  • “Time-series cross-sectional environmental performance and disclosure relationship: specific evidence from a less-developed country”, A. Hassan, R. Kouhy,  International Journal of Accounting and Economics Studies, 2 (2) (2014), pp. 60-73.
  • “Evaluating gas-flaring-related carbon emission performance in the Nigerian upstream sector:a comparison of duo methods”,  A. Hassan and R. Kouhy,  African J. of Economic and Development, Vol. 3, No. 3 (2014), pp.254–271. DOI: 10.1504/AJESD.2014.065028.
  • “Government ownership and cost efficiency of upstream oil and gas companies in Nigeria”; S. S. Ahmad and R. Kouhy, International Journal of Energy and Statistics, 02, 227 (2014), DOI: 10.1142/S2335680414500161.
  • “Trading Volume and Return Relationship in the Crude Oil Futures Markets”, S. A. Abdullah, R. Kouhy, Z. Muhammad, Journal of Studies in Economics and Finance, 2014, Vol. 31 Issue 4.
  • “Effect of the deregulation of downstream oil sector on the gross domestic product (GDP) and employment in Nigeria”, S. B. Sani, R. Kouhy,  Macrotheme Capital Management, 2014, 3(3): pp.117-136.
  • “Gas flaring in Nigeria: Analysis of changes in its consequent carbon emission and reporting”,  A. Hassan, R. Kouhy,  Accounting Forum, Special Issue: Social and Environmental Accounting in Emerging and Less Developed Economies, Volume 37, (2013), pp.124-134.
  • “Continuous Improvement and Kaizen Costing”,  T. Yoshikawa,  R. Kouhy  in F. Mitchell, H. Norreklit and M. Jacobsen (eds), The Routledge Companion to Cost Management,  Routledge, London, December 2013, pp. 96-107.
  • “Exploring oil price exchange rate nexus for Nigeria”, H. Suleiman, R. Kouhy, OPEC Energy Review (online publication), December 2012.
  •  ‘Driving Performance Through Collaboration’, R. Kouhy, R. Vedd and T. Yoshikawa and J. Innes, Excellence in Leadership (CIMA), Issue 2, 2011, pp. 25-27.
  •  ‘The Activity-based Approach’ in M. Abdel-Kader (ed), Review of Management Accounting Research, Palgrave,  J.Innes and R. Kouhy,  Macmillan, Basingstoke, 2011, pp. 243-274.
  • ‘A Survey of the Generation and Importance of Accounting Information in Micro Manufacturing Enterprises in the Gaza Strip’,  J. Alattar, R. Kouhy and J.Innes, International Journal of Management Accounting Research, Vol. 1, Issue 1, 2011.
  • “Management Accounting, Human Resource Policies and Organisational Performance in Canada, Japan and the UK”, Kouhy, R., Vedd, R., Yoshikawa, T., and Innes, J., Elsevier and CIMA, Oxford, 2010, 78 pages.   

  • “The credit crisis and corporate governance: excessive bonuses of TARP banks’, Guidi, M.G.D. and Kouhy, R, International Journal of Corporate Governance, 2009, Vol 1, No.4, pp. 366-38.

  • “Human Resource Policies, Management Accounting and Organisational     Performance”   Kouhy, R., Vedd, R. , Yoshikawa, T., and Innes, J., Journal of Human Resource Costing and Accounting (JHRCA), Volume 13, Number 3, 2009, pp. 245-263, (Highly Commended Paper in the Emerald Literati Network Awards for Excellence 2010).
  • “Management Accounting  Information in Micro Enterprises in Gaza”, Alattar, J.M.,  Kouhy, R., and Innes, J., Journal of Accounting & Organizational Change, Vol. 5, No. 1, 2009, pp. 81-107.
  • ‘Human Resource Policies, Accounting and Organisational Performance’, Kouhy, R., Innes, J., Vedd, R. and Yoshikawa, T., CIMA Research Executive Summaries ISSN 1744-7038 (online) and ISSN 1744-702X (print), 2009, 12 pages.
  • “Social reporting by Companies listed on the Alternative Investment Markets”, Parsa, S. and Kouhy, R., Journal of Business Ethics, Vol. 79, Issue 3, April 2008, pp. 345-360.
  • ‘Human Resource  Management, Management Accounting and Organisational Performance”,., Kouhy, R., Vedd, R.,and Yoshikawa, T., Innes, J ,CIMA Research Update, September 2008,  pp. 6-7.
  • ‘Study Shows Breakthrough Link between HR and Performance’, Innes, J., Kouhy, R. and Vedd, R.,CIMA Insight, July 2008, pp. 9-10.
  • “Governance and social information disclosure – evidence from the UK”, Parsa, S., Kouhy,R., Tzovas, C., International Journal of Business Governance and Ethics (IJBGE), Volume 3 - Issue 3, July 2007, pp. 205-222.
  • “Non-Financial Performance Measurement in the Banking Sector: Four Grounded Theory Case Studies”, Alenizi, F., Innes, J., Kouhy, R. and Alzufairi, A., International Journal of Accounting, Auditing and Performance Evaluation (IJAAPE), Vol.3, No. 3, 2006, pp. 362-385.
  • “Future Environmental Regulation Issues to Promote Energy Efficiency”, O. Aloquili, R. Kouhy.  Journal of Energy Engineering, Volume 132, Number 2, August 2006, pp. 67-73.
  • “Interface between Management Accounting and Strategic Human Resource Management: Four Grounded Theory Case Studies”, R Kouhy and R Vedd, The Journal of Applied Accounting Research. , Vol.73, 2005,  pp.117-153.
  • “The Public Sector Audit Expectations Gap in Bangladesh”, Chowdhury, R., Innes, J. and Kouhy, R., Managerial Auditing Journal, Vol.20, No. 8, 2005, pp. 893-908.
  • “The Effect of the Firm’s Ownership Structure on the Accounting Policy Decisions – A Literature Review”, Tzovas, C., Kouhy, R., The Southeuropean Review of Business Finance & Accounting, Volume 3, Number 2, December 2005.
  •  “Management Accounting and Strategic Human Resource Management: A UK / Canadian Comparative Analysis”, R.Vedd and R Kouhy, The Journal of Applied Accounting Research, March 2003, pp91-121.
  • “Disclosure of Social Information By UK Companies – A Case Of Legitimacy Theory”, S Parsa, R Kouhy , Global Business & Economics Review - Anthology 2002, pp: 460-473.
  • Management Accounting and Strategic Human Resource Management”, J Innes, R Kouhy and R Vedd, Chartered Institute of management Accountants (CIMA) Research Monograph, London, 2001, (100 pages).
  • “Performance Measurement in Strategic Human Resource Management”, R Kouhy and R.Vedd, International Journal of Business Performance Management (IJBPM). Special Issue. Volume 2.No. 1/2/3 August 2000, pp137-156.

  • Accounting for the Abandonment of North Sea Oil and Gas Wells”, A Russell, R Kouhy and R A Lyon, Chartered Association of Certified Accountants (ACCA) Research Monograph, No 58,  London, 1998, (65 pages).

  • The Valuation of Assets and Liabilities: Environmental Law and the Impact of the Environmental Agenda for Business”, R Gray, J Bebbington,  D Collison, R. Kouhy , B Lyon, C Reid, A Russell and L Stevenson. Institute of Chartered Accountants of Scotland (ICAS) Research Monograph, Edinburgh, 1998, (145 pages).
  • “The Environmental Agenda”, R Gray,  J Bebbington, D Collison, R. Kouhy, B Lyon, C Reid, A Russell and L Stivenson., Professional Investor, 8, 1998, pp13-15.
  •  “The Allocation Problem in Depreciation: A Proposal and an Illustration”, J R Grinyer and R Kouhy , Accounting Forum, Vol.22, No.1, June 1998, pp.6-30.
  • “Corporate Social and Environmental Reporting: A Review of the Literature and a Longitudinal Study of UK Disclosure”, R Gray, R Kouhy and S Lavers,  Accounting Auditing & Accountability Journal, Vol 8, No. 2, 1995, pp47-77.
  • “Constructing a Research Database of Social and Environmental Reporting by UK Companies: A Methodological Note”, R Gray, R Kouhy and S Lavers, Accounting Auditing & Accountability Journal,Vol 8, No.2, 1995,  pp78-101.

More Information


  • 2016: British Council Research Grant (£44,200) - UK Lead Researcher: Professor Reza Kouhy 

Research Project: Energy Security: Sustainable Management of Natural Resources (The Newton Fund Researcher Links Workshop, Almaty, Kazakhstan).

  • Professor Kouhy has also been the co-researcher on a number of funded research projects such as  North Sea Oil and Gas project (£3,780 - ACCA), Valuation of Assets and Liabilities (£5,713 - ICAS); Strategic Human Resource Management (£7,000 - CIMA); and a KTP project jointly funded by DTI (£82,953) and IES (£40,858). The results of these research projects have been presented in national and international conferences and have been published in the refereed academic journals.
  • Recently he finalised a comparative analysis project (funded by CIMA - £9,900), investigating the link between Companies’ Management, Human Resource Management and the Organisational Performance in the UK, Canada and Japan. 


Editorial Board Positions

Professor Kouhy has acted as a member of the Editorial Boards of the following two journals for a number of years:

  • Journal of Human Resource Costing and Accounting (JHRCA) (until 2013).
  • International Journal of Management Accounting Research (IJMAR) (until 2014).  

Professor Kouhy also acting as a reviewer for a number of other journals in the fields of financial and management accounting, human resource accounting, social and environmental accounting. He is also a member of an International Network on Human Resource Costing and Accounting based at Stockholm University, Sweden.

External Examinerships

  • External examiner, Master degrees, Pecs University, Hungary.
  • PhD external examiner, St Andrews University, UK.
  • PhD external examiner, Strathclyde University, UK.
  • PhD external examiner, Robert Gordon University, UK.
  • PhD external examiner, Middlesex University, UK.
  • PhD external examiner, Nottingham Trent University, UK.
  • PhD external examiner, Glasgow Caledonian University, UK.
  • PhD external examiner, Greenwich University, UK.
  • DBA external examiner, Cork, Ireland.

Keynote Speaker:

  • Keynote presentation on ‘Business Sustainability’ at forthcoming International Conference on Transforming Emerging Economies through Sustainability and Innovations in Businesses; November 2016, hosted by Institute of Management, Christ University, Bangalore, India.
  • Keynote presentation on ‘Decommissioning Costs – Beyond Technical Issues’ at Working with Industries Workshop hosted by Abertay University for Oil and Gas Innovation Centre (OGIC), June 2016.
  • Keynote presentation on “Economic Development and Environmental Protection & Accountability - Challenges for Governments and Organisations”, at the International Forum on Poyang Lake Development Nanchang University, China, June 2012.
  • Invited by Nigerian Ministry of Petroleum to hold a workshop/seminar entitled: “Abandonment and Environmental impacts- Calculated costs or suicidal risk?!!” Dubai, December 2012.

Conference Organisation

  • Professor Kouhy organised the 2006 Scottish BAA conference which was hosted by the Department  of Accounting, Finance & Risk, Glasgow Caledonian University.

Conference Presentation

Articles on research activities have been presented at numerous national and international conferences, such as:

  • Management Accounting Research Group Conference, Aston Business School.
  • International Management Control Research Conference, ESSEC Business School, Paris.
  • British Accounting and Finance Association (BAFA) Conference Scottish Area Group.
  • British Accounting and Finance Association (BAFA) National Conference.
  • BAFA Research Summer School in Social Accounting.
  • International Conference on Contemporary Accounting Issues, University of Taipei, Taiwan (Invited as Moderator).
  • EAA Annual Congress, Italy and Norway.
  • Human Resource Accounting (HRA) international conference, University of Stockholm, Personnel Economics Institute (PEI), Sweden.

Consultancy and Professional activities:

  •  Honorary Advisor (from February 2015): TRT (Tissue Repair Technologies Limited). TRT is a science-research Ltd company      established by Dental School, University of Dundee.
  •  Honorary Advisor:  Oil and Gas Academy of Scotland – Professor Kouhy was invited to act as an honorary advisor for Oil and Gas Academy of Scotland from 2014 to April 2016.

Knowledge Exchange

Professor Kouhy has also worked on a KTP project, in collaboration with two colleagues in Caledonian Business School. This project was jointly funded by DTI (£82,953) and IES (£40,858). The main focus of the project was to devise a Human Capital Performance Strategy for IES Ltd., a company that offers a range of services and products to promote healthier, more effective built environments.

Meet the rest of the team

Mrs Pat Sedakat

Mrs Pat Sedakat

Division of Accounting Finance and Economics | Lecturer

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Dr Gonzalo Forgues-Puccio

Dr Gonzalo Forgues-Puccio

Division of Accounting Finance and Economics | Lecturer

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