Kartick Gupta

Teaching Strengths

Investments
Corporate Finance
Financial Theory & Financial Markets
Research Projects
Portfolio Management

APrf Kartick Gupta

Associate Professor

School of Accounting and Finance

College of Business and Law

Eligible to supervise Masters and PhD - email supervisor to discuss availability.

Available For Media Comment.

Kartick Gupta is an Associate Professor and a Professorial Lead at the University of South Australia Business unit. He is also the Director of Policy & Regulation stream of the Centre for Markets, Values & Inclusion (MVI). He is an international expert in the area of financial performance and corporate governance. AProf Gupta has published a range of refereed journal articles and won multiple awards including at the prestigious American Accounting Association (AAA) - 2018 Southeast Region Meeting and 2017 Australasian Finance and Banking Conference (AFBC). He was also nominated by the Australian Government to author the Intergovernmental Panel on Climate Change (IPCC) sixth assessment report under the auspices of the United Nations (UN).
AProf Gupta has secured over $1.4 million of research income in Category 1 and 2 grants.  His research focuses on energy finance, sustainable finance, innovation, corporate finance and corporate social responsibility. AProf Gupta holds a PhD in Finance from the University of Waikato in New Zealand as well as Chartered Financial Analyst® Charter holder and a Certified Financial Risk Manager (FRM). 

  • Stanford University Top 2% of cited researchers globally
  • Category 1 grant of $1.38 million from Australian Centre for International Agricultural Research (ACIAR) for a project titled “Institutions to support intensification, integrated decision making and inclusiveness in agriculture in the East Gangetic Plain”.
  • Best paper award (Audit section) at the American Accounting Association (AAA) Southeast Region Meeting, Greenville, USA, 2018.
  • Best paper award from SIRCA at the 30th Australasian Finance & Banking Conference (AFBC), Sydney, Australia, 2017.
  • Best paper award from the CFA Institute at the 6th Behavioral Finance and Capital Markets Conference, Adelaide, Australia, 2016.  
  • Best paper award (Corporate Governance and Social Responsibility section) at the 7th Conference on Financial Markets and Corporate Governance, Melbourne, Australia, 2016
  • Best paper award at the 9th International Conference on Corporate Governance, Birmingham, United Kingdom, 2011. Awarded by Sir Adrian Cadbury
  • 2nd best paper award from the CFA Institute at the Asian FMA, Queenstown, New Zealand, 2011.
  • 2nd best paper award at the International Finance Conference, Kolkata, India, 2011

Year Citation
2025 Banerjee, R., Gupta, K., Han, H. D., & Krishnamurti, C. (2025). Do corrupt practices lead to increased cash holdings in firms? International evidence. Pacific Basin Finance Journal, 93(102908), 15 pages.
DOI
2024 Han, H. D., Gupta, K., & Krishnamurti, C. (2024). Are labor laws and employee welfare complements in determining leverage ratios?. Pacific Basin Finance Journal, 88(102545), 1-23.
DOI Scopus2
2023 Gupta, K., & Krishnamurti, C. (2023). Does employees' interest matter more than shareholders' interest in determining cash management policy?. International Review of Economics & Finance, 84, 568-589.
DOI Scopus4 WoS4
2023 Zheng, J., Chowdhury, H., Hossain, M. S., & Gupta, K. (2023). Tournament-based incentives and media sentiment. Journal of Contemporary Accounting and Economics, 19(2, article no. 100353), 1-21.
DOI Scopus3 WoS1
2022 Banerjee, R., Gupta, K., & Krishnamurti, C. (2022). Does corrupt practice increase the implied cost of equity?. Journal of Corporate Finance, 73, 29 pages.
DOI Scopus22 WoS23
2021 Banerjee, R., & Gupta, K. (2021). Do country or firm-specific factors matter more to R&D spending in firms?. International Review of Economics and Finance, 76, 75-95.
DOI Scopus8 WoS9
2021 Gupta, K., & Krishnamurti, C. (2021). Corporate social responsibility, competition, and firm value. Pacific-Basin Finance Journal, 68(101622), 1-21.
DOI Scopus23 WoS23
2020 Mudalige, P., Duong, H. N., Kalev, P., & Gupta, K. (2020). Who trades in competing firms around earnings announcements. Pacific-Basin Finance Journal, 59(101219), 1-16.
DOI Scopus5 WoS6
2020 Banerjee, R., Gupta, K., & Mudalige, P. (2020). Do environmentally sustainable practices lead to financially less constrained firms? International evidence. International Review of Financial Analysis, 68(101337), 14 pages.
DOI Scopus59 WoS56
2020 Gupta, K., & Krishnamurti, C. (2020). Do countries matter more in determining the relationship between employee welfare and financial performance?. International review of finance, 20(2), 415-450.
DOI Scopus16 WoS17
2019 Gupta, K., & Banerjee, R. (2019). Does OPEC news sentiment influence stock returns of energy firms in the United States?. Energy Economics, 77, 34-45.
DOI Scopus51 WoS41
2019 Banerjee, R., & Gupta, K. (2019). The effect of environmentally sustainable practices on firm R&D: International evidence. Economic Modelling, 78, 262-274.
DOI Scopus31 WoS30
2019 Banerjee, R., Gupta, K., & McIver, R. (2019). What matters most to firm-level environmentally sustainable practices: Firm–specific or country–level factors?. Journal of Cleaner Production, 218, 225-240.
DOI Scopus46 WoS40
2018 Gupta, K. (2018). Environmental sustainability and implied cost of equity: international evidence. Journal of business ethics, 147(2), 343-365.
DOI Scopus94 WoS83
2018 Gupta, K., & Krishnamurti, C. (2018). Does corporate social responsibility engagement benefit distressed firms? The role of moral and exchange capital. Pacific-basin finance journal, 50, 249-262.
DOI Scopus47 WoS45
2018 Gupta, K., Krishnamurti, C., & Tourani Rad, A. (2018). Financial development, corporate governance and cost of equity capital. Journal of contemporary accounting & economics, 14(1), 65-82.
DOI Scopus48 WoS44
2018 Gupta, K., & Krishnamurti, C. (2018). Do macroeconomic conditions and oil prices influence corporate risk-taking?. Journal of corporate finance, 53, 65-86.
DOI Scopus71 WoS70
2017 Gupta, K. (2017). Are oil and gas firms more likely to engage in unethical practices than other firms?. Energy policy, 100, 101-112.
DOI Scopus20 WoS15
2017 Gupta, K. (2017). Do economic and societal factors influence the financial performance of alternative energy firms?. Energy economics, 65, 172-182.
DOI Scopus50 WoS38
2017 Banerjee, R., & Gupta, K. (2017). The effects of environmental sustainability and R&D on corporate risk-taking: International evidence. Energy Economics, 65, 1-15.
DOI Scopus59 WoS57
2017 Gupta, K., Banerjee, R., & Onur, I. (2017). The effects of R&D and competition on firm value: International evidence. International Review of Economics and Finance, 51, 391-404.
DOI Scopus57 WoS53
2016 Gupta, K. (2016). Oil price shocks, competition, and oil & gas stock returns - global evidence. Energy economics, 57, 140-153.
DOI Scopus82 WoS64
2013 Gupta, K., Locke, S., & Scrimgeour, F. (2013). Profitability of momentum returns under alternative approaches. International journal of managerial finance, 9(3), 219-246.
DOI Scopus5
2013 Gupta, K., Krishnamurti, C., & Tourani Rad, A. (2013). Is corporate governance relevant during the financial crisis?. Journal of international financial markets, institutions and money, 23(1), 85-110.
DOI Scopus58
2010 Gupta, K., Locke, S., & Scrimgeour, F. (2010). International comparison of returns from conventional, industrial and 52-week high momentum strategies. Journal of International Financial Markets Institutions and Money, 20(4), 423-435.
DOI Scopus24
2009 Cave, J., Gupta, K., & Locke, S. (2009). Supply-side investments: An international analysis of the return and risk relationship in the Travel & Leisure sector. Tourism Management, 30(5), 665-673.
DOI Scopus10
2009 Locke, S., & Gupta, K. (2009). The return to initial public offerings: A Sino-Indian comparison. Venture Capital - An International Journal of Entrepreneurial Finance, 11(33), 255-277.
DOI Scopus4
2009 Locke, S., & Gupta, K. (2009). Applicability of contrarian strategy in the Bombay Stock Exchange. Journal of emerging market finance, 8(2), 165-189.
DOI Scopus12
2009 Cave, J., Gupta, K., & Locke, S. (2009). Supply-side investments: An international analysis of the return and risk relationship in the Travel & Leisure sector. Tourism Management, 665(5), 30-673.
2008 Locke, S. M., & Gupta, K. (2008). The performance of entrepreneurial companies post-listing on the New Zealand Stock Exchange. Venture Capital, 10(1), 87-110.
DOI Scopus9
2008 Locke, S., & Gupta, K. (2008). The performance of entrepreneurial companies post-listing on the New Zealand Stock Exchange. Venture Capital - An International Journal of Entrepreneurial Finance, 87(1), 10-110.

  • Institutions to support intensification, integrated decision making and inclusiveness in agriculture in the East Gangetic Plain, ACIAR-Research and Development Program, 30/06/2018 - 30/09/2021

  • RoZetta Institute Limited Scholarship, RoZetta Institute Limited, 12/02/2018 - 12/02/2021

Courses I teach

  • BANK 5014 Financial Theory and Financial Markets (2025)
  • BANK 5014 Financial Theory and Financial Markets (2024)

Programs I'm associated with

  • DMFC - Master of Finance

Date Role Research Topic Program Degree Type Student Load Student Name
2022 Principal Supervisor - Doctor of Philosophy Doctorate Full Time Ms Youngnae Jun

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