Associate Professor Sigitas Karpavicius
Associate Prof/Reader
Adelaide Business School
Faculty of Arts, Business, Law and Economics
Eligible to supervise Masters and PhD - email supervisor to discuss availability.
Dr. Sigitas Karpavicius is an associate professor of finance at the University of Adelaide Business School, which he joined in 2015. Dr. Karpavicius received his PhD from the University of New South Wales in 2011. Prior to his PhD studies, he obtained MA degree in Economics and Management Science from Humboldt University in Berlin and did research at the Economics Department of the Bank of Lithuania.
Dr. Karpavicius’ research interests are in the area of theoretical and empirical corporate finance. They include, but are not limited to, capital structure and security issues, payout policy, executive compensation, and general/partial equilibrium modelling. His research has been published in various international journals, including the Journal of Corporate Finance and Journal of Banking and Finance.
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Journals
Year Citation 2022 Karpavicius, S., & Canil, J. (2022). Managerial risk-taking incentives and cash holding in U.S. firms:
Evidence from FAS 123R. International Review of Economics and Finance, 78, 605-628.
Scopus5 WoS12022 Canil, J., Karpavičius, S., Li, S., & (Jeffrey) Yu, C. -F. (2022). Say on Mobility:Do CEO Outside Opportunities Affect Shareholder Say on Pay?. Finance Research Letters, 47(B), 1-8.
2022 Karpavičius, S., & Yu, F. (2022). Do idiosyncratic technology shocks induce peer effects?. Journal of Corporate Finance, 77, 24 pages.
2021 Canil, J., Karpavicius, S., & Yu, C. -F. J. (2021). CEO Mobility and Corporate Payouts. Journal of Business Finance and Accounting, 50(9-10), 1743-1778.
Scopus1 WoS12021 Canil, J., Karpavičius, S., & Yu, C. F. (2021). TMT gender diversity: implications for corporate tournaments and innovation. European Journal of Finance, 27(17), 1-26.
Scopus6 WoS12021 Canil, J., & Karpavicius, S. (2021). The Relation between Non-Executive Employee Stock Options and Corporate Innovation: Evidence from FAS 123R. 2021 Cottrell, S., & Karpavičius, S. (2021). Does foreign monetary policy drive Australian banks' wholesale funding costs?. Global Finance Journal, 50, 100676.
2020 Canil, J., & Karpavicius, S. (2020). Compensation consultants: Does reputation matter?. Journal of Corporate Finance, 64, 26 pages.
Scopus6 WoS42019 Karpavicius, S., & Yu, F. (2019). Managerial risk incentives and a firm's financing policy. Journal of Banking and Finance, 100, 167-181.
Scopus10 WoS52019 Karpavicius, S., & Yu, F. (2019). External growth opportunities and a firm's financing policy. International Review of Economics and Finance, 62, 287-308.
2019 Canil, J., Karpavicius, S., & Yu, C. (2019). Are shareholders gender neutral? Evidence from say on pay. Journal of Corporate Finance, 58, 169-186.
Scopus16 WoS82018 Karpavičius, S., & Yu, F. (2018). Dividend premium: Are dividend-paying stocks worth more?. International Review of Financial Analysis, 56, 112-126.
Scopus19 WoS132018 Canil, J., & Karpavicius, S. (2018). Are employee stock option proceeds a source of finance for investment?. Journal of Corporate Finance, 50, 468-483.
Scopus4 WoS32018 Karpavičius, S., & Yu, F. (2018). The impact of dividend-protected CEO equity incentives on firm value and risk. Economic Modelling, 71, 16-24.
Scopus2 WoS32018 Karpavičius, S., & Suchard, J. (2018). Institutional ownership and the choice of equity issue method. International Review of Financial Analysis, 56, 73-84.
Scopus3 WoS32018 Humphery-Jenner, M., Karpavicius, S., & Suchard, J. -A. (2018). Underwriter relationships and shelf offerings. Journal of Corporate Finance, 49, 283-307.
Scopus6 WoS52017 Brown, A., & Karpavičius, S. (2017). The Reaction of the Australian Stock Market to Monetary Policy Announcements from the Reserve Bank of Australia. Economic Record, 93(300), 20-41.
Scopus5 WoS32017 Karpavičius, S., & Yu, F. (2017). How institutional monitoring creates value: evidence for the free cash flow hypothesis. International Review of Economics and Finance, 52, 127-146.
Scopus8 WoS62017 Canil, J., & Karpavicius, S. (2017). Cash Holding in U.S. Firms: Evidence from FAS 123R. SSRN Electronic Journal.
2017 Karpavičius, S., & Yu, F. (2017). The impact of interest rates on firms' financing policies. Journal of Corporate Finance, 45, 262-293.
Scopus17 WoS142016 Karpavicius, S., & Yu, F. (2016). Should interest expenses be tax deductible?. Economic Modelling, 54, 100-116.
Scopus6 WoS42014 Karpavičius, S. (2014). The cost of capital and optimal financing policy in a dynamic setting. Journal of Banking and Finance, 48(C), 42-56.
Scopus6 WoS52014 Karpavičius, S. (2014). Dividends: relevance, rigidity, and signaling. Journal of Corporate Finance, 25(C), 289-312.
Scopus31 WoS242010 Karpavicius, S., & Suchard, J. -A. (2010). Conditional Security Choice and the Use of Shelf Offerings. 2010 Karpavicius, S., & Suchard, J. -A. (2010). Shelf Registrations and Offerings: Intra-Industry Effects.
2018 Semester 1: CORPFIN 7040 Fixed Income Securities
2018 Semester 2: CORPFIN 2503 Business Data Analytics II
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Current Higher Degree by Research Supervision (University of Adelaide)
Date Role Research Topic Program Degree Type Student Load Student Name 2023 Principal Supervisor Data Breaches and Corporate Policies Doctor of Philosophy Doctorate Full Time Mr Andre Michael Annesley Perera 2023 Co-Supervisor How can public firm-specific information influence stock price? Master of Philosophy Master Full Time Mr Haotian Shi 2022 Principal Supervisor Essays on Corporate Pension Plans Doctor of Philosophy Doctorate Full Time Miss Fanyu Lu 2022 Co-Supervisor The influence of sports inspiration on corporate innovation Doctor of Philosophy Doctorate Full Time Mr Yudong Liu 2021 Principal Supervisor Essays on Corporate Policies Doctor of Philosophy Doctorate Full Time Mr Adam Paul Mumme -
Past Higher Degree by Research Supervision (University of Adelaide)
Date Role Research Topic Program Degree Type Student Load Student Name 2020 - 2022 Co-Supervisor Say on Pay, CEO Pay Sensitivities, Firm Risk and Agency Costs of Debt Master of Philosophy Master Full Time Mr Jinhong Park 2016 - 2020 Co-Supervisor THREE ESSAYS ON FOREIGN CEOS Doctor of Philosophy Doctorate Full Time Mrs Christiana Osei Bonsu
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