Professor Chandra Krishnamurti

Professor in Finance UniSA Business

City West Campus (WL3-41)
tel +61 8 830 27122

email Chandra.Krishnamurti@unisa.edu.au

Research Degree Supervisor

About me

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... Read more

UniSA Business

Recognised and respected for our quality education, career outcomes and research expertise, UniSA Business creates leaders for change and transforms modern business practice.

Tweets by @UniversitySA

Orcid
Scopus

About me

In the media

Date	Title
13/07/2022	Improved access to financial planning benefits low income class, finds study, https://busycontinent.com/improved-access-to-financial-planning/
12/07/2022	Consumers support significant decrease in cost of advice, https://www.ifa.com.au/news/31481-consumers-support-significant-decrease-in-cost-of-advice

Research

Research focus

Banking, Finance and Investment
Accounting, Auditing and Accountability
Applied Economics
Commerce, Management, Tourism and Services
Economics

Research

Outputs

Research outputs for the last seven years are shown below. Some long-standing staff members may have older outputs included. To see earlier years visit ORCID or Scopus

Open access indicates that an output is open access.

Books

Year	Output
2008	Krishnamurti, C & Vishwanath, S 2008, Mergers, acquisitions and corporate restructuring, Sage, India. 9

Chapters

Year	Output
2009	Krishnamurti, C & Vishwanath, S 2009, 'Investing in convertibles, preferred stocks and warrants', Investment management: a modern guide to security analysis and stock selection, Springer, Germany, ch.17, pp. 405-438.
2009	Vishwanath, S & Krishnamurti, C 2009, 'An overview of mutual funds and exchange traded funds', Investment management: a modern guide to security analysis and stock selection, Springer, Germany, ch. 23, pp. 517-538.
2008	Krishnamurti, C & Vishwanath, S 2008, 'Cross-border acquisitions', in C Krishnamurti & S R Vishwanath (eds), Mergers, Acquisitions and Corporate Restructuring, Sage, India, ch. 8, pp. 183-211.
2008	Krishnamurti, C & Vishwanath, S 2008, 'Real options analysis in mergers and acquisitions', in C Krishnamurti & S R Vishwanath (eds), Mergers, Acquisitions and Corporate Restructuring, Sage, India, ch. 5, pp. 115-145. Open access
2008	Vishwanath, S & Krishnamurti, C 2008, 'Bankruptcy and reorganization', in C Krishnamurti & S R Vishwanath (eds), Mergers, Acquisitions and Corporate Restructuring, Sage, India, ch. 12, pp. 333-357.
2008	Vishwanath, S & Krishnamurti, C 2008, 'Design of consideration in acquisitions: cash and stock offers', in C Krishnamurti & S R Vishwanath (eds), Mergers, Acquisitions and Corporate Restructuring, Sage, India, ch. 6, pp. 146-159.
2008	Vishwanath, S & Krishnamurti, C 2008, 'Spin-offs, equity carve-outs and targeted stocks', in C Krishnamurti & S R Vishwanath (eds), Mergers, Acquisitions and Corporate Restructuring, Sage, India, ch. 11, pp. 275-332.
2008	Vishwanath, S & Krishnamurti, C 2008, 'Value drivers and target valuation', in C Krishnamurti & S R Vishwanath (eds), Mergers, Acquisitions and Corporate Restructuring, Sage, India, ch. 3, pp. 56-90.

Journal Articles

Year	Output
2024	Ananda, S & Krishnamurti, C 2024, 'Editorial : Special issue: 'Emerging trends in financial institutions and services'', Business Perspectives and Research, vol. 12, no. 1, pp. 9-10. Open access
2024	Han, HD, Gupta, K & Krishnamurti, C 2024, 'Are labor laws and employee welfare complements in determining leverage ratios?', Pacific-Basin Finance Journal, vol. 88, article no. 102545, pp. 1-23. Open access
2024	Kerslake, RM & 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, vol. 37, no. 5, pp. 1457-1486. Open access 2 2
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, online, pp. 1-45. Open access
2023	Gupta, K & Krishnamurti, C 2023, 'Does employees' interest matter more than shareholders' interest in determining cash management policy?', International Review of Economics and Finance, vol. 84, pp. 568-589. 3 3
2022	Banerjee, R, Gupta, K & Krishnamurti, C 2022, 'Does corrupt practice increase the implied cost of equity?', Journal of Corporate Finance, vol. 73, pp. 1-29. Open access 6 5 2
2021	Gupta, K & Krishnamurti, C 2021, 'Corporate social responsibility, competition, and firm value', Pacific-Basin Finance Journal, vol. 68, article no. 101622, pp. 1-21. 14 13
2021	Krishnamurti, C, Chowdhury, H & Han, HD 2021, 'CEO centrality and stock price crash risk', Journal of Behavioral and Experimental Finance, vol. 31, article no. 100551, pp. 1-16. Open access 9 8 10
2021	Krishnamurti, C, Pensiero, D & Velayutham, E 2021, 'Corruption risk and stock market effects: Evidence from the defence industry', Pacific-Basin Finance Journal, vol. 70, article no. 101681, pp. 1-19. 4 2 2
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, vol. 46, no. 3, pp. 466-498. 20 15 1
2020	Ding, DK, 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, vol. 23, no. 3, article no. 2050024.
2020	Ding, DK, Koerniadi, H & Krishnamurti, C 2020, 'What drives the declining wealth effect of subsequent share repurchase announcements?', Journal of Risk and Financial Management, vol. 13, no. 8, article no. 176, pp. 1-14. Open access 1 1 1
2020	Gul, FA, Krishnamurti, C, Shams, S & Chowdhury, H 2020, 'Corporate social responsibility, overconfident CEOs and empire building: agency and stakeholder theoretic perspectives', Journal of Business Research, vol. 111, pp. 52-68. 63 56 15
2020	Gupta, K & Krishnamurti, C 2020, 'Do countries matter more in determining the relationship between employee welfare and financial performance?', International Review of Finance, vol. 20, no. 2, pp. 415-450. 10 11
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, vol. 61, article no, 101300, pp. 1-18. 10 5
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, vol. 64, no. 3, pp. 675-708. Open access 1
2019	Krishnamurti, C, Shams, S, Pensiero, D & Velayutham, E 2019, 'Socially responsible firms and mergers and acquisitions performance: Australian evidence', Pacific-Basin Finance Journal, vol. 57, article no. 101193, pp. 1-16. 39 36
2018	Gupta, K & Krishnamurti, C 2018, 'Do macroeconomic conditions and oil prices influence corporate risk-taking?', Journal of Corporate Finance, vol. 53, pp. 65-86. Open access 55 52
2018	Gupta, K, Krishnamurti, C & Tourani-Rad, A 2018, 'Financial development, corporate governance and cost of equity capital', Journal of Contemporary Accounting and Economics, vol. 14, no.1, pp. 65-82. Open access 43 39
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, vol. 50, pp. 65-81. 64 58
2018	Krishnamurti, C, Shams, S & Velayutham, E 2018, 'Corporate social responsibility and corruption risk: a global perspective', Journal of Contemporary Accounting and Economics, vol. 14, no. 1, pp. 1-21. 47 47 29
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, vol.42, no. 4, pp. 608-636. Open access 10 10 1
2017	Listyaningsih, E & Krishnamurti, C 2017, 'The impact of global financial crisis on Jakarta islamic index (JII): a trading volume perspective', Advanced Science Letters, vol. 23, no. 9, pp. 8197-8203.
2016	Adeyinka, AA, Krishnamurti, C, Maraseni, TN & Chantarat, S 2016, 'The viability of weather-index insurance in managing drought risk in rural Australia', International Journal of Rural Management, vol. 12, no. 2, pp. 125-142. 11
2016	Koerniadi, H, Krishnamurti, C & Tourani-Rad, A 2016, 'Natural disasters-blessings in disguise?', Singapore Economic Review, vol. 61, no. 1, article number 1640004, pp. 1-17. Open access 7 7
2015	Koerniadi, H, Krishnamurti, C & Tourani-Rad, A 2015, 'Cross-border mergers and acquisitions and default risk', International Review of Financial Analysis, vol. 42, pp. 336-348. Open access 16 15
2015	Koerniadi, H, Krishnamurti, C, Lau, S, Tourani-Rad, A & Yang, T 2015, 'The role of internal and external certification mechanisms in seasoned equity offerings', Journal of Multinational Financial Management, vol. 30, pp. 110-127. Open access 3 1
2014	Koerniadi, H, Krishnamurti, C & Tourani-Rad, A 2014, 'Corporate governance and risk-taking in New Zealand', Australian Journal of Management, vol. 39, no. 2, pp. 227-245. 49 40
2014	Koerniadi, H, Krishnamurti, C & Tourani-Rad, A 2014, 'Corporate governance and the variability of stock returns', International Journal of Managerial Finance, vol. 10, no. 4, pp. 494-510. 17
2013	Krishnamurti, C, Tian, GG, 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, vol. 18, no.1, pp. 149-167. Open access 6 7
2012	Balachandran, B, Krishnamurti, C, Theobald, M & Vidanapathirana, B 2012, 'Dividend reductions, the timing of dividend payments and information content', Journal of Corporate Finance, vol. 18, no. 5, pp. 1232-1247. 14 11
2012	Chancharat, N, Krishnamurti, C & Tian, G 2012, 'Board structure and survival of new economy IPO firms', Corporate Governance (Oxford): an international review, vol. 20, no.2, pp. 144-163. Open access 75 63
2010	Šević, A, Krishnamurti, C & Šević, Ž 2010, 'Determinants of choice of depositary receipt programs: an exploratory study', Managerial Finance, vol. 36, no. 12, pp. 990-1006. 1

Reports

Year	Output
2022	Krishnamurti, C, Pacecca, G, Banerjee, R, Gupta, K & Mciver, R 2022, Financial advice regulatory reform: the impact of cost and access to financial advice for lower socio-economic consumer groups, University of South Australia, Australia.

External engagement & recognition

Collaborations

External engagement & recognition

Collaborations

Organisation	Country
Auckland University of Technology	NEW ZEALAND
Australian National University	AUSTRALIA
China Construction Bank	CHINA
China Securities Finance Corporation Limited	CHINA
College of Banking and Financial Studies	OMAN
Deakin University	AUSTRALIA
Glasgow Caledonian University	UNITED KINGDOM
Institute of Management Technology	INDIA
Khon Kaen University	THAILAND
La Trobe University	AUSTRALIA
Malahayati University	INDONESIA
Monash University	AUSTRALIA
Nanyang Technological University	SINGAPORE
National Sun Yat-Sen University	TAIWAN
National University of Kaohsiung	TAIWAN
Private Individual	UNITED KINGDOM
Singapore Management University	SINGAPORE
University of Birmingham	UNITED KINGDOM
University of Dublin	IRELAND
University of Queensland	AUSTRALIA
University of South Australia	AUSTRALIA
University of Southern Queensland	AUSTRALIA
University of Wollongong	AUSTRALIA

External engagement & recognition

Engagement/recognition	Year
Charterholder CFA Society, Melbourne	2017
Editorial Board Member ICFAI Journal of Applied Finance	2017
Editorial Board Member IIMB Management Review	2017
Best Paper Award 7th Financial Markets and Corporate Governance Conference, Melbourne	2016
Editorial Board Member ICFAI Journal of Applied Finance	2016
Editorial Board Member IIMB Management Review	2016
Director, Board Asian Finance Association	2014
Editorial Board Member IIMB Management Review	2014
Editorial Board Member ICFAI Journal of Applied Finance	2014
Director, Board Asian Finance Association	2013
Editorial Board Member ICFAI Journal of Applied Finance	2013
Editorial Board Member IIMB Management Review	2013
Director, Board & Vice President, Program Asian Finance Association	2012
Editorial Board Member IIMB Management Review	2012
Editorial Board Member ICFAI Journal of Applied Finance	2012
Member, Programme Committee International Finance and Banking Society Conference	2012
Member, Programme Committee Finance and Corporate Governance Conference	2012
Member, Programme Committee Asian Finance Association Conference	2012
Runner up award Corporate Governance: An International Review	2012
Best Paper Award 9th International Conference on Corporate Governance, Birmingham, United Kingdom	2011
Director, Board & Vice President, Program Asian Finance Association	2011
Editorial Board Member IIMB Management Review	2011
Editorial Board Member ICFAI Journal of Applied Finance	2011
Member, Programme Committee Asian Finance Association Conference	2011
Member, Programme Committee Finance and Corporate Governance Conference	2011
Runner up 2nd International Finance Conference, Indian Institute of Management, Kolkata, India	2011
Runner up - Best Paper Financial management Association Asian Conference, Queenstown, NZ	2011
Director, Board & Vice President, Program Asian Finance Association	2010
Editorial Board Member ICFAI Journal of Applied Finance	2010
Editorial Board Member IIMB Management Review	2010
Member, Programme Committee Finance and Corporate Governance Conference	2010
Best Paper Award 4th Annual International Research Conference on Management and Finance, Colombo, Sri Lanka	2009
Editorial Board Member IIMB Management Review	2009
Editorial Board Member ICFAI Journal of Applied Finance	2009
Editorial Board Member ICFAI Journal of Applied Finance	2008
Editorial Board Member IIMB Management Review	2008
Highly Commended Paper 6th International Conference on Corporate Governance, University of Birmingham Business School	2008

Teaching & student supervision

Teaching strengths

Corporate Finance, Financial Markets, Investments

Teaching & student supervision

Research degree supervision

Supervisions from 2010 shown

Thesis title	Student status
Blockchain adoption in developing countries. Exploring accountability, trust, and transparency in supply chains	Current
Corporate Social Responsibility (CSR) in the era of decentralised work	Current
Measuring the impacts of geopolitical risk on financial market dynamics: investors¿ and institutions¿ perspective	Current
Regulation Changes and Information Disclosure	Current
Subgroup analysis through multiple testing in casual treatment effects	Current
The Impacts of Negative Interest Rates on Banking Sector	Current
Dimming the light: the role of information dissemination in market transparency and quality	Completed
Lending-based crowdfunding: interest premium under COVID-19 uncertainty	Completed
Three essays on market microstructure issues	Completed
Three essays on social capital and monitoring quality	Completed
To what extent does the MySuper dashboard representative member represent all individual members	Completed

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Professor Chandra Krishnamurti

About me

About me

UniSA Business

About me

Professional Associations

In the media

Experience

Qualifications

Work history

Research

Research focus

Projects

Outputs

Books

Chapters

Journal Articles

Reports

External engagement & recognition

Collaborations

Collaborations

External engagement & recognition

Charterholder

Editorial Board Member

Editorial Board Member

Best Paper Award

Editorial Board Member

Editorial Board Member

Director, Board

Editorial Board Member

Editorial Board Member

Director, Board

Editorial Board Member

Editorial Board Member

Director, Board & Vice President, Program

Editorial Board Member

Editorial Board Member

Member, Programme Committee

Member, Programme Committee

Member, Programme Committee

Runner up award

Best Paper Award

Director, Board & Vice President, Program

Editorial Board Member

Editorial Board Member

Member, Programme Committee

Member, Programme Committee

Runner up

Runner up - Best Paper

Director, Board & Vice President, Program

Editorial Board Member

Editorial Board Member

Member, Programme Committee

Best Paper Award

Editorial Board Member

Editorial Board Member

Editorial Board Member

Editorial Board Member

Highly Commended Paper

Teaching & student supervision

Teaching strengths

Courses and programs

Courses I teach

Research degree supervision

Gallery