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Sigitas Karpavicius

University of Adelaide - Business School

SCHOLARLY PAPERS

19

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3,360

TOTAL CITATIONS

13

Scholarly Papers (19)

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1.

The Impact of Interest Rates on Firms’ Financing Policies

Number of pages: 75 Posted: 10 Feb 2017 Last Revised: 17 May 2017
Sigitas Karpavicius and Fan Yu
University of Adelaide - Business School and Macquarie University, Macquarie Business School
Downloads 447 (160,805)
Citation 1

Abstract:

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Interest rates, Firm’s financing decisions, Monetary policy, Recession

2.

How Institutional Monitoring Creates Value: Evidence for the Free Cash Flow Hypothesis

Number of pages: 58 Posted: 17 Aug 2011 Last Revised: 07 Feb 2014
Sigitas Karpavicius and Fan Yu
University of Adelaide - Business School and Macquarie University, Macquarie Business School
Downloads 378 (195,274)
Citation 2

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Agency problem, Free cash flow hypothesis, Institutional ownership, Cash holdings, Capital structure, Dividends

3.

Dividend Premium: Are Dividend-Paying Stocks Worth More?

Number of pages: 45 Posted: 20 Aug 2015
Sigitas Karpavicius and Fan Yu
University of Adelaide - Business School and Macquarie University, Macquarie Business School
Downloads 344 (217,024)

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Dividend premium, Dividend policy, Firm value

4.

Dividends: Relevance, Rigidity, and Signaling

Downloads 247 (308,710)
Citation 3

Dividends: Relevance, Rigidity, and Signaling

Number of pages: 56 Posted: 10 Dec 2011 Last Revised: 09 Feb 2014
Sigitas Karpavicius
University of Adelaide - Business School
Downloads 247 (306,315)
Citation 3

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Dividend Smoothing, Payout Policy, Signaling Theory, Partial Equilibrium Model

Dividends: Relevance, Rigidity, and Signaling

Journal of Corporate Finance, Vol. 25, 2014
Posted: 10 Feb 2014
Sigitas Karpavicius
University of Adelaide - Business School

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Dividend smoothing, Payout policy, Signaling theory, Partial equilibrium model

5.

The Relation between Non-Executive Employee Stock Options and Corporate Innovation: Evidence from FAS 123R

Number of pages: 61 Posted: 24 Aug 2021
Jean Canil and Sigitas Karpavicius
University of Adelaide - Business School and University of Adelaide - Business School
Downloads 238 (320,573)
Citation 6

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Non-executive options, FAS 123R, Expensing, Patents, Innovation

6.

Shelf Registrations and Offerings: Intra-Industry Effects

Number of pages: 40 Posted: 09 Nov 2008 Last Revised: 16 Jun 2010
Sigitas Karpavicius, Jo-Ann Suchard and Jo-Ann Suchard
University of Adelaide - Business School and UNSW Business SchoolFinancial Research Network (FIRN)
Downloads 217 (351,440)
Citation 1

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shelf registration, shelf offering, intra-industry effects

7.

The Cost of Capital and Optimal Financing Policy in a Dynamic Setting

Number of pages: 48 Posted: 16 Feb 2013 Last Revised: 20 Jul 2014
Sigitas Karpavicius
University of Adelaide - Business School
Downloads 211 (361,209)

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Capital structure, Cost of capital, Time preferences

8.

Impact of Cybersecurity Risk on Corporate Payout Policy

Number of pages: 14 Posted: 21 Nov 2023
Andre Perera, Jean Canil and Sigitas Karpavicius
University of Adelaide - Business School, University of Adelaide - Business School and University of Adelaide - Business School
Downloads 198 (384,172)

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cybersecurity risk; dividends; repurchases; flexibility; substitution

9.

Conditional Security Choice and the Use of Shelf Offerings

Number of pages: 39 Posted: 14 Feb 2009 Last Revised: 19 Aug 2010
Sigitas Karpavicius, Jo-Ann Suchard and Jo-Ann Suchard
University of Adelaide - Business School and UNSW Business SchoolFinancial Research Network (FIRN)
Downloads 195 (389,821)

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Capital structure, Security issuance, Shelf registration

10.

Cash Holding in U.S. Firms: Evidence from FAS 123R

Number of pages: 49 Posted: 21 Jul 2017
Jean Canil and Sigitas Karpavicius
University of Adelaide - Business School and University of Adelaide - Business School
Downloads 187 (405,402)

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Cash holdings; Stock options; CEO vega; FAS 123R; Expensing

11.

Underwriter Relationships and Shelf Offerings

Journal of Corporate Finance, Forthcoming, 27th Australasian Finance and Banking Conference 2014 Paper
Number of pages: 68 Posted: 15 Mar 2011 Last Revised: 08 Jan 2018
Mark Humphery-Jenner, Mark Humphery-Jenner, Sigitas Karpavicius, Jo-Ann Suchard and Jo-Ann Suchard
University of New South Wales (UNSW)UNSW Business School, University of Adelaide - Business School and UNSW Business SchoolFinancial Research Network (FIRN)
Downloads 141 (521,245)

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Underwriter services, Firm loyalty, Reputation, Seasoned equity offerings, Issue costs

12.

External Growth Opportunities and a Firm's Financing Policy

Number of pages: 39 Posted: 21 Jan 2016
Sigitas Karpavicius and Fan Yu
University of Adelaide - Business School and Macquarie University, Macquarie Business School
Downloads 117 (608,822)

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Capital structure, Growth opportunities, Risk preferences

13.

Should Interest Expenses Be Tax Deductible?

Economic Modelling, Forthcoming
Number of pages: 43 Posted: 17 Feb 2013 Last Revised: 20 Dec 2015
Sigitas Karpavicius and Fan Yu
University of Adelaide - Business School and Macquarie University, Macquarie Business School
Downloads 111 (635,507)

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Corporate income tax, Tax deductibility, Interest expenses

14.

Institutional Ownership and the Rise of Shelf Offerings in U.S. Equity Raisings

Number of pages: 59 Posted: 10 Mar 2010 Last Revised: 19 Sep 2012
Sigitas Karpavicius, Jo-Ann Suchard and Jo-Ann Suchard
University of Adelaide - Business School and UNSW Business SchoolFinancial Research Network (FIRN)
Downloads 105 (664,543)

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Shelf registration, Seasoned equity offering, Institutional ownership, Earnings management, Asymmetric information

15.

Are Employee Option Proceeds a Source of Finance for Investment?

Number of pages: 43 Posted: 21 Jul 2017
Jean Canil and Sigitas Karpavicius
University of Adelaide - Business School and University of Adelaide - Business School
Downloads 100 (689,572)

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Options, Executive, Non-executive, Proceeds, SFAS 123R

16.

Does Common Ownership Affect Industry Output and Prices?

Number of pages: 44 Posted: 21 Jul 2023 Last Revised: 22 Apr 2025
Sigitas Karpavicius and Fan Yu
University of Adelaide - Business School and Macquarie University, Macquarie Business School
Downloads 68 (891,180)

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Common ownership, Industry output, Industry price, Modified Herfindahl-Hirschman index delta

17.

The Impact of Monetary Policy Announcements on the Volatility of Australian Banking Stock Prices

Number of pages: 26 Posted: 28 May 2020
Nathan J. Atwood and Sigitas Karpavicius
Bendigo and Adelaide Bank Ltd and University of Adelaide - Business School
Downloads 56 (1,000,027)

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Monetary Policy Announcements, Stock Price Volatility, Commercial Banks

18.

Does Job Security Affect Board Monitoring? Evidence from Forced CEO Turnover

Posted: 11 Dec 2022 Last Revised: 12 Sep 2023
Jean Canil, Sigitas Karpavicius and Chia-Feng (Jeffrey) Yu
University of Adelaide - Business School, University of Adelaide - Business School and Xi'an Jiaotong-Liverpool University (XJTLU) - International Business School Suzhou (IBSS)

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Director Election; Majority Voting; CEO Turnover; Firm Performance

19.

CEO Mobility and Corporate Payouts

Journal of Business Finance and Accounting, Forthcoming.
Posted: 02 May 2022 Last Revised: 15 Mar 2023
Jean Canil, Sigitas Karpavicius and Chia-Feng (Jeffrey) Yu
University of Adelaide - Business School, University of Adelaide - Business School and Xi'an Jiaotong-Liverpool University (XJTLU) - International Business School Suzhou (IBSS)

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Dividends, Share Repurchase, Managerial Mobility, Inevitable Disclosure Doctrine, Career Concerns