APrf Sigitas Karpavicius
Associate Professor
School of Accounting and Finance
College of Business and Law
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.
| 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 WoS4 |
| 2022 | 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, 102312. |
| 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. Scopus9 WoS10 |
| 2021 | 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. Scopus9 WoS7 |
| 2021 | 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), 100676. |
| 2020 | Canil, J., & Karpavicius, S. (2020). Compensation consultants: Does reputation matter?. Journal of Corporate Finance, 64, 26 pages. Scopus7 WoS6 |
| 2019 | Karpavicius, S., & Yu, F. (2019). Managerial risk incentives and a firm's financing policy. Journal of Banking and Finance, 100, 167-181. Scopus11 WoS7 |
| 2019 | 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. Scopus24 WoS20 |
| 2018 | Karpavičius, S., & Yu, F. (2018). Dividend premium: Are dividend-paying stocks worth more?. International Review of Financial Analysis, 56, 112-126. Scopus23 WoS20 |
| 2018 | Canil, J., & Karpavicius, S. (2018). Are employee stock option proceeds a source of finance for investment?. Journal of Corporate Finance, 50, 468-483. Scopus5 WoS4 |
| 2018 | Karpavičius, S., & Yu, F. (2018). The impact of dividend-protected CEO equity incentives on firm value and risk. Economic Modelling, 71, 16-24. Scopus4 WoS5 |
| 2018 | Karpavičius, S., & Suchard, J. (2018). Institutional ownership and the choice of equity issue method. International Review of Financial Analysis, 56, 73-84. Scopus3 WoS3 |
| 2018 | Humphery-Jenner, M., Karpavicius, S., & Suchard, J. -A. (2018). Underwriter relationships and shelf offerings. Journal of Corporate Finance, 49, 283-307. Scopus7 WoS6 |
| 2017 | 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 WoS4 |
| 2017 | 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. Scopus10 WoS8 |
| 2017 | 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. Scopus22 WoS19 |
| 2016 | Karpavicius, S., & Yu, F. (2016). Should interest expenses be tax deductible?. Economic Modelling, 54, 100-116. Scopus6 WoS4 |
| 2014 | 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 WoS5 |
| 2014 | Karpavičius, S. (2014). Dividends: relevance, rigidity, and signaling. Journal of Corporate Finance, 25(C), 289-312. Scopus34 WoS26 |
| 2010 | 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
| 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 | Principal Supervisor | Data Breaches and Corporate Policies | Doctor of Philosophy | Doctorate | Full Time | Mr Andre Michael Annesley Perera |
| Date | Role | Research Topic | Program | Degree Type | Student Load | Student Name |
|---|---|---|---|---|---|---|
| 2022 - 2025 | Co-Supervisor | Three Studies on Behavioral Corporate Finance: Evidence from Long-Awaited Sports Victories | Doctor of Philosophy | Doctorate | Full Time | Mr Yudong Liu |
| 2021 - 2025 | Principal Supervisor | Essays on Corporate Finance Policies | Doctor of Philosophy | Doctorate | Full Time | Mr Adam Paul Mumme |
| 2020 - 2022 | Co-Supervisor | Increasing confidence in Australian carbon disclosures | Doctor 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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