
Overview
Background
Dr Tan is an Associate Professor in Finance at the UQ Business School.
Dr Tan has earned a reputation as a researcher with expertise in capital structure and econometrics. His work has been published in leading academic and practitioner journals, such as Organization Science (Financial Times Top-50 Journal list, and UTD-24), Journal of Corporate Finance, Journal of Financial Intermediation, Journal of Banking and Finance, and Nature Profolio's Scientific Reports. Five of his papers have also been named as the Best Papers at the following five conferences: (1) the Asian Finance Association Conference, (2) the European Real Estate Society Conference, (3) the Western Risk and Insurance Conference; (4) the 6th Behavioural Finance Conference; and (5) the 4th International Conferences on Advances in Business & Law. In addition, he was recently awarded the 2016 Early Career Researcher Excellence in Research Award by the UQ Faculty of Business, Economics and Law, and the 2017 and 2024 Award for Excellence in Research by the UQ Business School.
Dr Tan teaches FINM3403 International Financial Management and FINM7402 Corporate Finance at UQ Business School, and was recently awarded the Award for Excellence in Undergraduate Teaching in 2013 and the Commendation for Postgraduate Teaching in 2017. Besides being an inspiring teaching instructor, Dr Tan is also a great research mentor for junior faculty and Ph.D. students. Dr Tan is particularly proud of all of his Ph.D. students, because all of them had at least one chapter of their theses published in an A* journal (ABDC ranked) and/or received at least a research award before their Ph.D. graduation. In addition, his current first-year PhD students have also been awarded a few numerous best paper awards at various prestigious international conferences. In recognition of his contribution to research supervision, he was awarded two research supervision awards in 2020: (1) the UQ Business School Award for Excellence in PhD Supervision; and (2) the Faculty of Business, Economics and Law (BEL) Award for Excellence in Higher Degree Research (HDR) Supervision.
His research has been featured in UQ News and over 100 media outlets across the globe, such as Sydney Morning Herald, The Age, 7News, ABC Radio, Yahoo News, International Business Times, MedicalXpress etc. As of 2022 June, his research was ranked in the Top 0.2% of all research outputs (21,383,946) ever tracked by Altmetric. In recognition of his contribution to cross-disciplinary research, he was awarded the Cross-Discipline Research Award by the UQ Business School in 2022.
In terms of service and engagement within the UQ Business School (UQBS), Dr Tan is the Honours Program Leader, who also sits on the UQBS Research Committee and UQBS Education Committee. Dr Tan was a Postgraduate Coordinator for the finance Ph.D. program between 2017 and 2020. Outside UQBS, Dr Tan serves as a Vice President (membership) and a board member for the Asian Finance Association, which is one of the top finance associations in Asia. Dr Tan is currently serving as a Deputy Editor at the Accounting and Finance Journal (ABDC "A" ranked Journal) and a Guest Editor for Pacific-Basin Finance Journal (A) and Accounting and Finance (A). Dr Tan also served as an Associate Editor at the Accounting Research Journal between 2018 and 2021.
His research interests focus on corporate finance, capital structure, and labor economics.
Availability
- Associate Professor Kelvin Tan is:
- Available for supervision
- Media expert
Fields of research
Qualifications
- Bachelor (Honours) of Commerce, The University of Queensland
- Doctor of Philosophy, The University of Queensland
Research interests
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Corporate Finance, Capital Structure, Debt Financing, Climate Finance, Labor Economics
Research impacts
Dr Tan's work has had a substantial impact beyond academic philosophy through media and the finance industry. For instance, his 2016 ‘A*’ publication in the Journal of Corporate Finance attracted some media attention. It was covered in the London School of Economics (LSE) Business Review (UK) on 3 February 2016 with the following headline: “Overconfident CEOs Prefer Short-term Debt”. Multiple of his papers have also been featured in The FinReg blog by the Duke Financial Economics Center.
My work also has had an impact on the finance industry. For example, in conjunction with the Australian Corporate Treasury Association (AFTA), he conducted a survey of CFOs’ corporate capital structure decisions in Australia and New Zealand. This project has produced not only an ‘A’ journal publication but also a practitioner report that was distributed to the FTA’s members, who typically hold senior finance positions. Furthermore, the findings from the survey were the subject of a panel discussion at the 2014 FTA Congress. As a result of this project, the FTA’s members can benchmark their treasury performance and corporate decisions to their peers and improve their current practices.
His recent research has been featured in UQ News and over 100 media outlets across the globe, such as Sydney Morning Herald, The Age, 7News, ABC Radio, Yahoo News, International Business Times, MedicalXpress etc. As of 2022 June, his research was ranked in the Top 0.2% of all research outputs (21,383,946) ever tracked by Altmetric.
Works
Search Professor Kelvin Tan’s works on UQ eSpace
2020
Other Outputs
Stock Liquidity and the Value of Innovation: Evidence from U.S. Patent Data
Im, Hyun Joong, Selvam, Srinivasan and Tan, Kelvin Jui Keng (2020). Stock Liquidity and the Value of Innovation: Evidence from U.S. Patent Data. doi: 10.2139/ssrn.3516442
2020
Other Outputs
Chained Innovation: Response to Customer Covenant Violations
Selvam, Srinivasan and Tan, Kelvin Jui Keng (2020). Chained Innovation: Response to Customer Covenant Violations. doi: 10.2139/ssrn.3659886
2019
Journal Article
The role of blockholders in the corporate debt maturity structure
Pan, Zheyao and Tan, Kelvin Jui Keng (2019). The role of blockholders in the corporate debt maturity structure. Economics Letters, 185 108740, 108740. doi: 10.1016/j.econlet.2019.108740
2017
Journal Article
Why do overconfident REIT CEOs issue more debt? Mechanisms and value implications
Tan, Kelvin Jui Keng (2017). Why do overconfident REIT CEOs issue more debt? Mechanisms and value implications. Abacus, 53 (3), 319-348. doi: 10.1111/abac.12111
2017
Other Outputs
Labor Unions and Corporate Financial Leverage: The Bargaining Device versus Crowding-out Hypotheses
Woods, Keegan, Tan, Kelvin Jui Keng and Faff, Robert W. (2017). Labor Unions and Corporate Financial Leverage: The Bargaining Device versus Crowding-out Hypotheses. doi: 10.2139/ssrn.2497823
2016
Journal Article
A contemporary view of corporate finance theory, empirical evidence and practice
Faff, Robert W., Gray, Stephen and Tan, Kelvin Jui Keng (2016). A contemporary view of corporate finance theory, empirical evidence and practice. Australian Journal of Management, 41 (4), 662-686. doi: 10.1177/0312896216632032
2015
Journal Article
Short-selling pressure and last-resort debt financing: evidence from 144A high-yield risk-adjusted debt
Tan, Kelvin Jui Keng, Lee, Jia Min and Faff, Robert (2015). Short-selling pressure and last-resort debt financing: evidence from 144A high-yield risk-adjusted debt. Accounting and Finance, 56 (4), 1149-1185. doi: 10.1111/acfi.12125
2014
Journal Article
Joint leverage and maturity choices in real estate firms: the role of the REIT status
Alcock, Jamie, Steiner, Eva and Tan, Kelvin Jui Keng (2014). Joint leverage and maturity choices in real estate firms: the role of the REIT status. Journal of Real Estate Finance and Economics, 48 (1), 57-78. doi: 10.1007/s11146-012-9379-7
2012
Journal Article
The determinants of debt maturity in Australian firms
Alcock, Jamie, Finn, Frank and Tan, Kelvin Jui Keng (2012). The determinants of debt maturity in Australian firms. Accounting and Finance, 52 (2), 313-341. doi: 10.1111/j.1467-629X.2010.00397.x
2012
Journal Article
An empirical investigation of the mergers decision process in Australia
Breunig, Robert, Menezes, Flavio M. and Tan, Kelvin Jui Keng (2012). An empirical investigation of the mergers decision process in Australia. Economic Record, 88 (283), 459-475. doi: 10.1111/j.1475-4932.2012.00831.x
2011
Other Outputs
Corporate Debt Maturity
Kelvin Jui Keng Tan (2011). Corporate Debt Maturity. PhD Thesis, UQ Business School, The University of Queensland.
2006
Other Outputs
An empirical examination of corporate capital structure in Australia
Tan, Kelvin Jui Keng (2006). An empirical examination of corporate capital structure in Australia. Honours Thesis, School of Business, The University of Queensland. doi: 10.14264/221491
Funding
Current funding
Past funding
Supervision
Availability
- Associate Professor Kelvin Tan is:
- Available for supervision
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Supervision history
Current supervision
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Doctor Philosophy
Determinants of SPAC Investment Performance
Principal Advisor
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Doctor Philosophy
Essays on Private Equity
Associate Advisor
Other advisors: Dr Ronghong Huang, Professor Rumi Masih
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Doctor Philosophy
Three Essays on Corporate Toxic Emissions
Associate Advisor
Other advisors: Dr Suman Neupane-Joshi
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Doctor Philosophy
Firm-level political risks, CEO turnover, and CEO compensation
Associate Advisor
Other advisors: Dr Khoa Hoang, Dr Ronghong Huang
-
Master Philosophy
Corporate Social Responsibility, Firm-Level Emissions and Emerging Climate Laws: Cross-country Analysis
Associate Advisor
Other advisors: Associate Professor Jacquelyn Humphrey
-
Doctor Philosophy
Firm-level political risks, CEO turnover, and CEO compensation
Associate Advisor
Other advisors: Dr Khoa Hoang, Dr Ronghong Huang
-
Doctor Philosophy
Climate Change Risk and Labor Investment Efficiency
Associate Advisor
Other advisors: Dr Hasibul Chowdhury
Completed supervision
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2023
Doctor Philosophy
Three Essays on Contracting and Compensation
Principal Advisor
Other advisors: Dr Ronghong Huang
-
2022
Doctor Philosophy
Three Essays on Disclosure and Organization Capital in Firms
Principal Advisor
Other advisors: Dr Hasibul Chowdhury
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2021
Doctor Philosophy
Asymmetric Information, Fraud, and Switching Costs in Healthcare Insurance Markets
Principal Advisor
Other advisors: Professor Luke Connelly
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-
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2024
Master Philosophy
Impacts of Corporate Social Responsibility and Climate Laws: International Context
Associate Advisor
Other advisors: Associate Professor Jacquelyn Humphrey
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2024
Doctor Philosophy
Three Essays on Corporate Toxic Emissions
Associate Advisor
Other advisors: Dr Suman Neupane-Joshi
Media
Enquiries
Contact Associate Professor Kelvin Tan directly for media enquiries about:
- Capital Structure
- Corporate Finance
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