Associate Professor Krishna Reddy

Biography

Krishna holds BA (Economics & Operations Research), MBA, Post Graduate Diploma in Business Administration (Finance) and a Certificate in Return to Secondary Teaching from Massey University, Diploma in Applied Statistic and Data Processing from USP (Fiji) and a PhD from the University of Waikato.

Krishna has worked in banks in Fiji and New Zealand. He has taught Bank Management at Massey University, Economics at International Pacific College, and Hospitality Accounting/Finance at Pacific International Hotel Management School. Prior to joining AIB, Krishna has worked for the University of Waikato since 2009. He was the Course Convenor for Personal Wealth Management, Corporate Finance, Finance Theory and Corporate Policy, Corporate Restructuring and Governance, Issues in Corporate Finance, and Advanced Corporate Finance. In addition to teaching at the University of Waikato, Krishna also provided various administrative support as: Chairperson of the Department of Finance, Academic Board member, Staff Representative to Management Group and being a PhD and Undergraduate Convenor.

Krishna has also been a member of board of trustees for several community based health-organisations in New Zealand. Krishna enjoys Tae Kwon-Do and has been an Instructor as well.

Krishna’s research interests include corporate governance, corporate finance, CEO compensation, ownership structure, portfolio management, personal financial planning, mergers & acquisitions and small business finance.

Krishna is Editorial Board member of the following journals: Australasian Accounting Business and Finance Journal, Journal of Finance and Management in Public Services, International Journal of Cooperative Studies, Meditari Accountancy Research, Emerald Emerging Markets Case Studies, and Ilorin Journal of Finance.

Publications and Presentations

Reddy, K., Mirza, N., Naqvi, B., & Fu, M. (2017). Comparative Risk Adjusted Performance of Islamic, Socially Responsible and Conventional Funds: Evidence from United Kingdom, Economic Modelling. Forthcoming

Thrikawala, S., Locke, S & Reddy, K. (2017). Dynamic Endogeneity and Corporate Governance–Performance Relationship: Lessons from the Microfinance Sector. Journal of Economic Studies, 44(5). DOI: 10.1108/JES-12-2015-0220

Thrikawala, S., Locke, S & Reddy, K. (2017). Financial Performance of Microfinance Institutions (MFIs): Does Gender Diversity Matters?
International Journal of Gender Studies in Developing Societies. Forthcoming

Reddy, K. & Clinton, V. (2016). Simulating stock prices using geometric Brownian motion: Evidence from Australian companies. Australasian Accounting Business and Finance Journal, 10(3). DOI: 10.14453/aabfj.v10i3.3

Thrikawala, S., Locke, S. & Reddy, K. (2016). Board structure-performance relationship in microfinance finance institutions (MFIs an emerging market. Corporate Governance: The International Journal of Business in Society, 16(5) 815-830.

Mirza, N; Rahat, B; & Reddy, K. (2016). Financial leverage and stock returns: evidence from emerging economy. Ekonomska Istra?ivanja/Economic Research 29(1), 85-100. DOI: 10.1080/1331677X.2016.1160792

Thrikawala, S., Locke, S. & Reddy, K. (2015). An Empirical Analysis of Corporate Governance Impact on Outreach of Microfinance Institutions (MFIs). Corporate Ownership & Control, 13(1), 8-14.

Nguyen, T., Locke, S. & Reddy, K. (2015). Ownership concentration and corporate performance from a dynamic perspective: Does national governance quality matter? International Review of Financial Analysis, 148-161. http://dx.doi.org/10.1016/j.irfa.2015.06.005  

Mirza, N; Rahat, B; & Reddy, K. (2015). Business dynamics, efficiency, asset quality and stability: The case of financial intermediaries in Pakistan. Economic Modelling, 46, 358-363.

Muhammad, N; Scrimgeour, F; Reddy, K; & Abidin, S (2015). The relationship between environmental performance and financial performance in periods of growth and contraction: Evidence from Australian publicly listed companies. Journal of Cleaner Production, 102, 324-332.

Reddy, K., Abidin, A. & You, J. (2015). Does Corporate Governance Matter in Determining CEO Compensation in the Publicly Listed Companies in New Zealand? An Empirical Investigation. Managerial Finance, Vol. 41(3), 301-327.

 Nguyen, T., Locke, S. & Reddy, K. (2014). Does boardroom gender diversity matter in a weak corporate governance system? Evidence from a transition market. International Review of Economics and Finance. DOI: 10.1016/j.iref.2014.11.022.

Muhammad, N., Scrimgeour, F., Reddy, K. & Abidin, S. (2014). Emission Indices for Hazardous Substances: An Alternative Measure of Corporate Environmental Performance.” Corporate Social Responsibility and Environmental Management – Online, 1-12.

Nguyen, T., Locke, S. & Reddy, K. (2014). A dynamic estimation of governance structures and financial performance for Singaporean companies. Economic Modelling, Vol. 40, 1-11.

Reddy, K. & Locke, S. (2014). The Relationship between Ownership Structure, Capital Structure and Corporate Governance Practices: A Case Study of Co-operatives and Mutuals in New Zealand. International Journal of Managerial Finance, Vol. 10(4), 511-536.

Reddy, K., Abidin, S., He, W. & Sinha, P. (2014). Does ownership identity of blockholders matter: An empirical analysis of publicly listed companies in New Zealand. Asian Journal of Finance and Accounting, Vol. 7(1), 14-44, http:/dx.doi.org/10.5296/ajfa.v7i1.6489 .

Abidin, S., Reddy, K., & Zhang, C. (2014). "Intensity of Price and Volatility Spillover Effects: Evidence from Asia-Pacific Region." Australasian Accounting Business and Finance Journal, Vol. 8 (5), http://dx.doi.org/10.14453/aabfj.v8i5.2.

Reddy, K. & Fu, M. (2014). Does Shariah Compliant Stocks Perform Better than the Conventional Stocks? A Comparative Study of Stocks Listed on the Australian Stock Exchange. Asian Journal of Finance and Accounting, Vol.6 (2), 142-154. http://dx.doi.org/10.5296/ajfa.v6i2.6072.

Muhammad, N., Scrimgeour, F., Reddy, K. & Abidin, S. (2014). The impact of corporate environmental performance on market risk: The Australian industry case. Journal of Business Ethics, doi: 10.1007/s10551-014-2324-3, http://link.springer.com/article/10.1007/s10551-014-2324-3/fulltext.html

Bird, R., Reddy, K. & Yeung, D. (2014). The relationship between Uncertainty and the Market Reaction to Information: Is it influenced by Stock-Specific Characteristics? International Journal of Behavioral Accounting and Finance (IJBAF), Vol. 4(2), 113 - 132.

Reddy, K. & Sharma, U. (2013). Institutional Antecedents of Principle-Based Corporate Governance Practices: A Case Study of Publicly Listed Companies in Fiji. Journal of Accounting & Organizational Change, Vol.10 (1), 49 - 82.

Reddy, K. (2013). The efficacy of the principle-based corporate governance practices: a case study of New Zealand. International Journal of Corporate Governance, Vol. 4 (2), 138-161.

Reddy, K., Locke, S. & Fauzi, F. (2013). Relevance of corporate governance practices in charitable organisations: A case study of registered charities in New Zealand. International Journal of Managerial Finance, Vol. 9(2), 110-132. DOI: 10.1108/17439131311307547.

Reddy, K. & Locke, S. (2013). History and Development of Cooperative Business in New Zealand: A Case Study of Allied Farmers Limited. International Journal of Cooperatives Studies, Vol. 2(1), 1-9.

Thrikawala, S., Locke, S. & Reddy, K. (2013). Corporate Governance and Performance Relationships in Microfinance Institutions (MFIs). Asian Journal of Finance and Accounting, Vol. 5(1), 160-182.

Afkhami Rad, S; Locke, S; & Reddy, K. (2013). The global financial crisis and the role of ownership structure on cost of capital. Asian Journal of Finance and Accounting, 5, 1, 396-418.

Thrikawala, S; Locke, S; & Reddy, K. (2013). Social performance of microfinance institutions (MFIs): Does existing practice imply a social objective. American Journal of Business and Management, 2, 2, 173-180.

Abidin, S., Reddy, K., & Chen, L. (2012). "Determinants of ownership structure and performance of seasoned equity offerings: Evidence from Chinese stock markets." International Journal of Managerial Finance, Vol. 8 (4), 304 – 331. 

Reddy, K., Abidin, S., & Woon, C. (2012). Do Golden Parachutes increase CEO's desire to be taken over? Empirical evidence from Australia and United States. Asian Journal of Finance and Accounting Vol. 4(2), 107-130, DOI: 5296/ajfa.04i2.1871.

Afkhami Rad, S., Locke, S. & Reddy, K. (2012), Professional Board Members and Firm’s Performance. Journal of Modern Accounting and Auditing, Vol. 8 (9), 1338-1345.

Reddy, K., Locke, S., & Scrimgeour, F. (2011). Governance Practices in Public Sector Corporate Entities and Their Performance: An Empirical Investigation. Governance: An International Journal of Policy, Administration and Institutions, Vol. 24(3), 517-556.

Abidin, S., Reddy K., & Wang, J., (2011). Are Dividends Disappearing and Is the Life-Cycle Theory of Dividends of Dividends Relevant to Canadian Stock Market? Journal of Corporate Ownership & Control, Vol. 8(4), 444-450.

Reddy, K. & Sharma, U. (2011). Global corporate governance practices at crossroads: lessons for Fiji. Fijian Studies: A Journal of Contemporary Fiji, Vol. 9(2), 53-82.

Reddy, K., Locke, S., & Scrimgeour, F. (2011). Did Governance Fail or Business of Business is Risky and Wrong Decisions will be Made: What lessons can we learn from Self-Regulation. Global Journal of Strategies & Governance, Vol. III (1), pp. 23-51. http://econpapers.repec.org/article/sgvgjsg01/v_3a3_3ai_3a1_3ap_3a23-51.htm.

Reddy, K. & Gordon, L.W. (2010). The Effect of Sustainability Reporting on Financial Performance: An Empirical Study Using Listed Companies. Journal of Asia Entrepreneurship and Sustainability, Vol. VI (2), 19-42.

Reddy, K., Locke, S., & Scrimgeour, F. (2010). The Efficacy of the Principle-Based Corporate Governance Practices and Firm Performances: An Empirical Investigation Using New Zealand Data. International Journal of Managerial Finance, Vol. 6(3), 190-219.

Shin, Y. G. & Reddy, K. (2010). The Significance of proxies for agency costs under different governance approaches. Journal of the Korean Data & Information Science Society, Vol. 21 (2), 327-333.

Book Chapters:

Thrikawala, S., Locke, S & Reddy, K. (2016). Corporate governance practices and performance of microfinance sector. In E. Klein (eds.). Corporate Governance: Principles, Practices and Challenges (pp.33-84). Nova Publishers.

Reddy, K. and Bather, A. (2014). Institutional Investors, Firm Performance and the Prospects for Socially Responsible Investing: Evidence from New Zealand, in Young, S and Gates, S. (2013) (eds.), “Institutional Investors and Corporate Response: Actors, Power and Responses”, Vol. 5, UK: Emerald Publishing.

Bather, A., Hewa-Wellalage, N. and Reddy, K. (2014). MSME Governance: Can you tell me which way I ought to go from here? In Mueller, J. and Wells, P. (2013) (eds.), “Governance in Context: How and why companies respond to theories and principles of good corporate governance”, UK: RossiSmith.

Reddy, K. and Tremaine, M. (1996). Colonial Past to the Global Future: Intercultural Bank Management in New Zealand, in L. Schuster (Eds.), Banking Cultures of the World (pp. 317 - 332), Frankfurt: Fritz Knapp Verlag.

Book

Reddy, K., (2011). Corporate Governance and Practices in New Zealand. The Relationship Between Corporate Governance Practices and Financial Performance in New Zealand: An Empirical Investigation, Germany: VDM Verlag Dr. Müller GmPH & Co. KG.

Recent Conference Papers - Refereed

Reddy, K., Dinh, T. H. D., Yahanpath, N. (2016). SMEs’ Capital Structure Decisions and Determinants in Europe: Factors that are Reliable during the Financial Crisis. Paper presented at the 23rd Annual Multinational Finance Society (MFS) Conference, Stockholm, Sweden, 24thJune – 29Th June.

Reddy, K., Mirza, Z. & Yu, Y. (2015). The relationship between the ownership identity, ownership concentration and firm operating efficiency. Paper presented at the 2015 Asian Finance Association Annual Meeting, Changsha, China, 29th June – 1st July.

Reddy, K. & Yang, Z. (2014). Does Momentum Trading Opportunities Exit? Evidence from Chinese and Indian Stock Markets. Paper has been accepted for presentation at the 21st Annual Conference of the Multinational Finance Society (MFS) 2014, Prague, 29th June – 2nd July.

Muhammad, N., Scrimgeour, F., Reddy, K. & Abidin, S. (2014). Corporate toxic substances release and financial performance in Australia: Short and long run causality analysis. Paper has been accepted for presentation at the 21st Annual Conference of the Multinational Finance Society (MFS) 2014, Prague, 29th June – 2nd July.

Reddy, K., Abidin, S. & You, L. (2013). Does corporate governance matter in determining CEO compensation in the publicly listed companies in New Zealand? An empirical investigation, Paper presented at the 13th Annual EURAM Conference, 1-38.

Reddy, K., Abidin, S. & Chen, S. (2013). Do M&As create value? The pre-and-post M&A performance of Chinese and Indian companies. Paper presented at the 20th Annual Conference of the Multinational Finance Society, 1-37.

Afkhami Rad, S., Locke, S. & Reddy, K. (2013). The global financial crisis and the role of ownership structure on cost of capital, Paper presented at the 20th Annual Conference of the Multinational Finance Society, 1-26.

Muhammad, N., Scrimgeour, F., Reddy, K. & Abidin, S. (2013). Australian industries environmental performance: Depresses accounting numbers but enhances market value. Paper presented at the ECCE-USB Financial Globalisation and Sustainable Finance, 1-29.

Reddy, K. & Locke, S.  (2012). The relationship between ownership structure, capital structure and corporate governance practices: A case study of co-operatives and mutuals in New Zealand. Paper presented at the New Zealand Association for the Study of Cooperatives and Mutuals, 1-30.

Reddy, K., Locke, S. & Fauzi, F. (2011). Does Corporate Governance Practices Matter: A Case Study of Registered Charities in New Zealand, Corporate Governance and Value Creation Conference, 14th – 15th December, University of Technology Sydney, Sydney, Australia.

Reddy, K. & Sharma, U. (2011). Corporate Governance in Fiji: An Empirical Investigation, Auckland Regional Accounting Conference, 25th November, Auckland, New Zealand

Reddy, K. & Sharma, U. (2011) Institutional Antecedents of Corporate Governance and managerial Practices in Fijian Listed Companies, Fifth New Zealand Management Accounting Conference, 17th – 18th November, Wellington, New Zealand.

Reddy K., Woon, C. & Abidin, S. (2011). The Empirical investigation of CEO’s Desire to be Taken Over: Evidence Using Data from United States and Australia, paper presented at the 11th Renaissance & Renewal in Management Studies Asia Pacific Academy of Business in (EURAM 2011) Conference, 1st - 4th June, Tallinn, Estonia.

Bird, R., Reddy, K. & Yeung, D. (2011). The Relationship between Uncertainty and the Market Reaction to Information: How is it influenced by Market and Stock-Specific Characteristics? Paper presented at the 18th Annual Conference Multinational Finance Society, June 26th – 29th June, Rome, Italy.