Adelaide Business School
Faculty of the Professions
Eligible to supervise Masters and PhD (as Co-Supervisor) - email supervisor to discuss availability.
Dr. Sigitas Karpavicius is a senior lecturer 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 2019 Karpavicius, S., & Yu, F. (2019). Managerial risk incentives and a firm's financing policy. Journal of Banking and Finance, 100, 167-181.
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., Karpavičius, S., & Yu, C. (2019). Are shareholders gender neutral? Evidence from say on pay. Journal of Corporate Finance, 58, 169-186.
2018 Karpavičius, S., & Yu, F. (2018). Dividend premium: Are dividend-paying stocks worth more?. International Review of Financial Analysis, 56, 112-126.
2018 Canil, J., & Karpavicius, S. (2018). Are employee stock option proceeds a source of finance for investment?. Journal of Corporate Finance, 50, 468-483.
DOI Scopus1 WoS1
2018 Karpavičius, S., & Yu, F. (2018). The impact of dividend-protected CEO equity incentives on firm value and risk. Economic Modelling, 71, 16-24.
2018 Karpavičius, S., & Suchard, J. (2018). Institutional ownership and the choice of equity issue method. International Review of Financial Analysis, 56, 73-84.
2018 Humphery-Jenner, M., Karpavicius, S., & Suchard, J. -A. (2018). Underwriter relationships and shelf offerings. Journal of Corporate Finance, 49, 283-307.
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.
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.
2017 Canil, J., & Karpavicius, S. (2017). Cash Holding in U.S. Firms: Evidence from FAS 123R. 2017 Karpavičius, S., & Yu, F. (2017). The impact of interest rates on firms' financing policies. Journal of Corporate Finance, 45, 262-293.
2016 Karpavicius, S., & Yu, F. (2016). Should interest expenses be tax deductible?. Economic Modelling, 54, 100-116.
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.
DOI Scopus5 WoS4
2014 Karpavičius, S. (2014). Dividends: relevance, rigidity, and signaling. Journal of Corporate Finance, 25(C), 289-312.
DOI Scopus15 WoS13
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
Current Higher Degree by Research Supervision (University of Adelaide)
Date Role Research Topic Program Degree Type Student Load Student Name 2016 Co-Supervisor Credit Ratings and Choice of Payment Method in Merges and Acquisitions Doctor of Philosophy Doctorate Full Time Mrs Christiana Osei Bonsu
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