Dr Kelvin Tan
Kelvin Tan
Senior Lecturer
  • PhD, Finance (The University of Queensland)
  • BCom (Hons), Finance (The University of Queensland)
  • BCom, Accounting and Finance (The University of Queensland)
+61 7 334 68051
Room 347:1, Colin Clark Building, St. Lucia Campus

    Dr Tan is a Senior Lecturer in Finance at the UQ Business School.

    Dr Tan has earned a reputation as a researcher with an expertise in capital structure and econometrics. His work has been published in leading academic and practitioner journals, such as Journal of Corporate Finance and Journal of Financial Intermediation. Two of his papers have also been recognised as the Best Papers at both the European Real Estate Society Conference and the 6th Behavioural Finance Conference. 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 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 the first chapter of their theses published in an A* journal (ABDC ranked) and received a research award before their Ph.D. graduation.

    In terms of service and engagement within the UQ Business School (UQBS), Dr Tan is a Postgraduate Coordinator for the finance Ph.D. program. Dr Tan also sits on the UQBS Research Committee. 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 also serves as an Associate Editor at the Accounting Research Journal.

    His research interests focus on corporate finance, capital structure and labor economics.


    View full publications list


    • Board Member and Website Administrator - Asian Finance Association
    • Member - American Finance Association
    • Member - Accounting and Finance Association of Australia and New Zealand


    2017 Recipient of the Award for Research Excellence
    2017 Recipient of the Commendation Award for Postgraduate Teaching
    2016 The Best Paper at the 6th Behavioral Finance Capital Markets Conference, co-authored with Huang R., Sulaeman, J., and Faff R.
    2016 Recipient of the 2016 Early Career Researcher Excellence in Research Award
    2013 Recipient of the Award for Excellence in Teaching
    2011 Recipient of the Dean’s Award for Research Higher Degree Excellence
    2010 ERES Awards 2010 - IPD Prize for the Best Paper on Real Estate Investment “On the Capital Structure of Real Estate” co-authored with Alcock J. and Steiner E.
    2007 Recipient of UQ Joint Research Scholarship (UQJRS)
    2007 Recipient of Highly Commended Abstract at the UQBS research colloquium
    2006 Recipient of UQ BCom Honours Scholarship
    2005 Recipient of UQ BCom Scholarship
    2005 Admitted Dean’s Honour Role for BCom

    Major research grants

    Title Agency Year Amount
    Are Large Shareholders Effective Monitors or Free Riders? AFAANZ 2018-2019 $9,599
    Smart Lending (with Marius Portmann) Commonwealth Bank of Australia 2018 $109,978
    Can Business Shocks Explain the Failure of Empirical Tests of Capital Structure Theories?

    Joint with Clara Zhou

    AFAANZ 2017-2018 $6,000
    CEO Overconfidence and Corporate Debt Issuance: Evidence from REITs AFAANZ Established Researcher Grant 2016 $4,000
    What Drives the Firm’s Heterogeneous Speed of Adjustment toward an Optimal Capital Structure? UQ Early Career Researcher Grant 2016 $16,000
    Ownership Concentration and Capital Structure Early Career Researcher Grant 2013 $10,000
    Managerial Overconfidence and Corporate Debt Maturity AFAANZ Research Grant 2012 $6,500
    'The role of Australian CFOs survey in Capital Structure Theories' UQ New Staff Research Start-Up Grant 2010 $11,904