Chandra Krishnamurti

Teaching Strengths

Corporate Finance, Financial Markets, Investments

Prof Chandra Krishnamurti

Professor of Finance

School of Accounting and Finance

College of Business and Law

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

Chandrasekhar Krishnamurti is the Professor of Finance at the University of South Australia. His research interests include asset pricing, corporate governance, market microstructure and corporate finance and has won eight awards for his research work. He has published over 50 research articles in outlets such as the Journal of Corporate Finance, Journal of Banking and Finance, Journal of Contemporary Accounting and Economics, Financial Management, Journal of Financial Research, Pacific-Basin Finance Journal, Corporate Governance: An International Review, Australian Journal of Management, and the Journal of International Financial Markets, Institutions and Money. He served as the project leader for the project entitled “Optimal and Actual Asset Allocation Decisions in Protracted Low Interest Rate Periods” funded by Global Risk Institute in Financial Services, Toronto, Canada.  He has consulted for business corporations and served as the principal consultant in the Financial Institutions Reform and Expansion (FIRE) project funded by USAID.

Year Citation
2025 Liu, X., Li, Y., & Krishnamurti, C. (2025). Biodiversity risk and seasoned equity offerings. Economics Letters, 247(112214), 112214.
DOI Scopus8 WoS7
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
2025 Balachandran, B., Bhagawan, P., Krishnamurti, C., & Zhou, Y. (2025). Intensity of exploitation-exploration innovation strategies and credit ratings. Economic Modelling, 151, 14 pages.
DOI Scopus1 WoS1
2025 Chowdhury, H., Hossain, A., Krishnamurti, C., & Le, T. H. (2025). Corporate sexual orientation equality and dividend payout. European Journal of Finance, 31(9), 1197-1224.
DOI Scopus1
2025 Hossain, A., Benkraiem, R., & Krishnamurti, C. (2025). Political sentiment and corporate payouts. International Review Of Financial Analysis, 102(104078), 1-15.
DOI
2025 Dai, Z., Xu, L., Krishnamurti, C., & Lu, Z. (2025). Negative interest rates and shadow banking. The British Accounting Review, online, 101681.
DOI
2025 Chowdhury, H., Han, H. D., Krishnamurti, C., & Zheng, J. (2025). Institutional shareholder distraction and workplace safety. The British Accounting Review, online, 1-27.
DOI
2025 Chowdhury, H., Han, H. D., & Krishnamurti, C. (2025). Does a CEO's network capital affect workplace safety?. Financial Review, online, 1-24.
DOI
2024 Ananda, S., & Krishnamurti, C. (2024). Editorial : Special issue: 'Emerging trends in financial institutions and services'. Business Perspectives and Research, 12(1), 9-10.
DOI
2024 Kerslake, R. M., & Krishnamurti, C. (2024). New world, or out of this world? Columbus - an exploratory study of HASS and STEM success factors in the first 'space' race. Accounting, Auditing and Accountability Journal, 37(5), 1457-1486.
DOI
2024 Zikri, M., Shams, S., Rashid, A., & Krishnamurti, C. (2024). Does size matter? Examining the probability of firm emergence from bankruptcy. International Review of Finance, 24(4), 669-713.
DOI Scopus4 WoS2
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
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 WoS21
2021 Krishnamurti, C., Shams, S., & Chowdhury, H. (2021). Evidence on the trade-off between corporate social responsibility and mergers and acquisitions investment. Australian Journal of Management, 46(3), 466-498.
DOI
2021 Gupta, K., & Krishnamurti, C. (2021). Corporate social responsibility, competition, and firm value. Pacific-Basin Finance Journal, 68(101622), 1-21.
DOI
2021 Krishnamurti, C., Chowdhury, H., & Han, H. D. (2021). CEO centrality and stock price crash risk. Journal of Behavioral and Experimental Finance, 31(100551), 1-16.
DOI Scopus18
2021 Krishnamurti, C., Pensiero, D., & Velayutham, E. (2021). Corruption risk and stock market effects: Evidence from the defence industry. Pacific Basin Finance Journal, 70(101681), 1-19.
DOI
2020 Ding, D. K., Koerniadi, H., & Krishnamurti, C. (2020). Testing the real option hypothesis on the declining open-market repurchase announcement returns. Review of Pacific Basin Financial Markets and Policies, 23(3, article no. 2050024), 2050024.
DOI
2020 Gul, F. A., Krishnamurti, C., Shams, S., & Chowdhury, H. (2020). Corporate social responsibility, overconfident CEOs and empire building: agency and stakeholder theoretic perspectives. Journal of Business Research, 111, 52-68.
DOI Scopus90
2020 Kao, L., Chen, A., & Krishnamurti, C. (2020). Outcome model or substitute model of D&O insurance on IPO pricing without information asymmetry before issuance. Pacific Basin Finance Journal, 61(article no, 101300), 1-18.
DOI
2020 Ding, D. K., Koerniadi, H., & Krishnamurti, C. (2020). What drives the declining wealth effect of subsequent share repurchase announcements?. Journal of Risk and Financial Management, 13(8, article no. 176), 1-14.
DOI
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
2019 Krishnamurti, C., Shams, S., Pensiero, D., & Velayutham, E. (2019). Socially responsible firms and mergers and acquisitions performance: Australian evidence. Pacific Basin finance journal, 57(101193), 1-16.
DOI
2019 Krishnamurti, C., Pensiero, D., & Velayutham, E. (2019). Determinants of defence industry corruption risk: firm level empirical evidence using transparency international's anti-corruption index. Singapore economic review, 6(2), 675-708.
DOI
2018 Gupta, K., & Krishnamurti, C. (2018). Do macroeconomic conditions and oil prices influence corporate risk-taking?. Journal of corporate finance, 53, 65-86.
DOI
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
2018 Krishnamurti, C., Shams, S., & Velayutham, E. (2018). Corporate social responsibility and corruption risk: a global perspective. Journal of contemporary accounting and economics, 14(1), 1-21.
DOI
2018 Krishnamurti, C., & Velayutham, E. (2018). The influence of board committee structures on voluntary disclosure of greenhouse gas emissions: Australian evidence. Pacific-Basin finance journal, 50, 65-81.
DOI
2017 Balachandran, B., Kanapathippillai, S., Krishnamurti, C., Theobald, M., & Velayutham, E. (2017). The issuance of warrants in rights offerings: agency costs and signaling effects. Australian journal of management, 42(4), 608-636.
DOI
2017 Listyaningsih, E., & Krishnamurti, C. (2017). The impact of global financial crisis on Jakarta islamic index (JII): a trading volume perspective. Advanced science letters, 23(9), 8197-8203.
DOI
2016 Adeyinka, A. A., Krishnamurti, C., Maraseni, T. N., & Chantarat, S. (2016). The viability of weather-index insurance in managing drought risk in rural Australia. International journal of rural management, 12(2), 125-142.
DOI
2016 Koerniadi, H., Krishnamurti, C., & Tourani Rad, A. (2016). Natural disasters-blessings in disguise?. Singapore economic review, 61(1, article number 1640004), 1-17.
DOI
2015 Koerniadi, H., Krishnamurti, C., Lau, S. T., Tourani Rad, A., & Yang, T. (2015). The role of internal and external certification mechanisms in seasoned equity offerings. Journal of Multinational Financial Management, 30, 110-127.
DOI
2015 Koerniadi, H., Krishnamurti, C., & Tourani Rad, A. (2015). Cross-border mergers and acquisitions and default risk. International review of financial analysis, 42, 336-348.
DOI
2014 Koerniadi, H., Krishnamurti, C., & Tourani Rad, A. (2014). Corporate governance and the variability of stock returns. International Journal of Managerial Finance, 10(4), 494-510.
DOI
2014 Koerniadi, H., Krishnamurti, C., & Tourani Rad, A. (2014). Corporate governance and risk-taking in New Zealand. Australian journal of management, 39(2), 227-245.
DOI
2013 Krishnamurti, C., Tian, G. G., Xu, M., & Li, G. (2013). No news is not good news: evidence from the intra-day return volatility-volume relationship in Shanghai Stock Exchange. Journal of the Asia Pacific Economy, 18(1), 149-167.
DOI
2012 Balachandran, B., Krishnamurti, C., Theobald, M., & Vidanapathirana, B. (2012). Dividend reductions, the timing of dividend payments and information content. Journal of Corporate Finance, 18(5), 1232-1247.
DOI
2012 Chancharat, N., Krishnamurti, C., & Tian, G. (2012). Board structure and survival of new economy IPO firms. Corporate Governance, 20(2), 144-163.
DOI
2010 Šević, A., Krishnamurti, C., & Šević, Ž. (2010). Determinants of choice of depositary receipt programs: an exploratory study. Managerial Finance, 36(12), 990-1006.
DOI

Year Citation
2009 Vishwanath, S. R., & Krishnamurti, C. (2009). An overview of mutual funds and exchange traded funds. In Source details - Title: Investment management: a modern guide to security analysis and stock selection (pp. 517-538). Germany: Springer.
DOI
2009 Krishnamurti, C., & Vishwanath, S. R. (2009). Investing in convertibles, preferred stocks and warrants. In Source details - Title: Investment management: a modern guide to security analysis and stock selection (pp. 405-438). Germany: Springer.
DOI
2008 Vishwanath, S. R., & Krishnamurti, C. (2008). Value drivers and target valuation. In C. Krishnamurti, & S. Vishwanath (Eds.), Source details - Title: Mergers, Acquisitions and Corporate Restructuring (pp. 56-90). India: Sage.
DOI
2008 Vishwanath, S. R., & Krishnamurti, C. (2008). Bankruptcy and reorganization. In C. Krishnamurti, & S. Vishwanath (Eds.), Source details - Title: Mergers, Acquisitions and Corporate Restructuring (pp. 333-357). India: Sage.
DOI
2008 Vishwanath, S. R., & Krishnamurti, C. (2008). Design of consideration in acquisitions: cash and stock offers. In C. Krishnamurti, & S. Vishwanath (Eds.), Source details - Title: Mergers, Acquisitions and Corporate Restructuring (pp. 146-159). India: Sage.
DOI
2008 Krishnamurti, C., & Vishwanath, S. R. (2008). Cross-border acquisitions. In C. Krishnamurti, & S. Vishwanath (Eds.), Source details - Title: Mergers, Acquisitions and Corporate Restructuring (pp. 183-211). India: Sage.
DOI
2008 Vishwanath, S. R., & Krishnamurti, C. (2008). Spin-offs, equity carve-outs and targeted stocks. In C. Krishnamurti, & S. Vishwanath (Eds.), Source details - Title: Mergers, Acquisitions and Corporate Restructuring (pp. 275-332). India: Sage.
DOI
2008 Krishnamurti, C., & Vishwanath, S. R. (2008). Real options analysis in mergers and acquisitions. In C. Krishnamurti, & S. Vishwanath (Eds.), Source details - Title: Mergers, Acquisitions and Corporate Restructuring (pp. 115-145). India: Sage.
DOI

Courses I teach

  • BANK 5014 Financial Theory and Financial Markets (2025)
  • BANK 5030 Advanced Investment Management (2025)
  • BUSS 5228 Advanced Corporate Finance (2025)
  • BANK 5014 Financial Theory and Financial Markets (2024)
  • BANK 5030 Advanced Investment Management (2024)
  • BUSS 5228 Advanced Corporate Finance (2024)

Date Role Research Topic Program Degree Type Student Load Student Name
2023 Co-Supervisor - Doctor of Philosophy Doctorate Full Time Miss Zhenmin Rao
2023 Co-Supervisor - Doctor of Philosophy Doctorate Full Time Hasni Gunasekara
2022 Principal Supervisor - Doctor of Philosophy Doctorate Full Time Mr Md Farhan Imtiaz
2022 Principal Supervisor - Doctor of Philosophy Doctorate Full Time Mr Wei Cao
2022 Co-Supervisor - Doctor of Philosophy Doctorate Full Time Ms Youngnae Jun

Connect With Me

External Profiles

Other Links