IN for Faculty and Staff IN for MBA Students
 
"Every firm seeks to create value. The structure of its financial claims and corporate governance rules affect its ability to succeed."

 

 

 

 
Jonathan Karpoff
Professor of Finance
Washington Mutual Endowed Professor in Finance
Faculty Director, CFO Forum

PhD, University of California, Los Angeles, 1982
MA, University of California, Los Angeles, 1980
BA, University of Alaska, 1978


Phone:   
 206-685-4954 Mailing Address:
Fax:
 206-543-7472 Michael G. Foster School of Business
Office:
Email:
 208 Mackenzie Hall
karpoff@u.washington.edu
 Finance Department
Box 353200
Seattle, WA 98195-3200
     
Faculty Personal Web Page:   http://faculty.washington.edu/karpoff/


Specialties

    Corporate governance, corporate crime and punishment, corporate finance.

Positions Held

    At the University of Washington since 1983
    John M. Olin Visiting Professor at the University of Chicago (1998)
    Visiting Alumni Professor of Finance at Emory University (2000-01)

Selected Publications

  • “The Cost to Firms of Cooking the Books,” with D. Scott Lee and Gerald S. Martin, Journal of Financial and Quantitative Analysis, Vol. 43, September 2008, pp. 581-612.

  • “The Consequences to Managers for Financial Misrepresentation,” with D. Scott Lee and Gerald S. Martin, Journal of Financial Economics, Vol. 88, May 2008, pp. 193-215.

  • “The Determinants of Corporate Board Size and Composition: Empirical Evidence,” with Audra L. Boone, Laura Casares Field, and Charu G. Raheja, Journal of Financial Economics, Vol. 85, July 2007, pp. 66-101.

  • “The Operating Performance of Poison Pill Adopters,” with Morris G. Danielson, Journal of Corporate Finance, Vol. 12, June 2006, pp. 536-559.

  • "The Reputational Penalties for Environmental Violations: Empirical Evidence," with John R. Lott, Jr. and Eric Wehrly), Journal of Law and Economics, Vol. 68, October 2005, pp. 653-675.

  • "Takeover Defenses of IPO Firms," with Laura Casares Field, Journal of Finance, Vol. 57, No. 5, October 2002, pp. 1857-1889.

  • "Public Versus Private Initiative in Arctic Exploration: The Effects of Incentives and Organizaitonal Structure," Journal of Political Economy, Vol. 109, No. 1, February 2001, pp. 38-78. Winner of the prestigious Griliches Prize in Empirical Economics in 2003.

  • "Defense Procurement Fraud, and Contractor Influence", with D.S. Lee and V. Vendrzyk, Journal of Political Economy, Vol. 107, No. 4, August 1999, pp. 809-842.

  • "On the Determinants and Importance of Punitive Damages Awards," with John R. Lott, Jr., Journal of Law and Economics, Vol 62, No. 1, April 1999, pp. 527-573.

  • "Management Turnover and Corporate Changes Following the Revelation of Criminal Fraud," with A. Agrawal and J. Jaffe, Journal of Law and Economics, Vol. 62, No. 1, April 1999, pp. 309-342.

  • "Corporate Governance and Shareholder Initiatives: Empirical Evidence," with P. Malatesta and R. Walkling, Journal of Financial Economics, Vol. 42, No. 3, 1996, pp. 365-395.

  • "The Reputational Penalty Firms Bear for Committing Criminal Fraud," with J. R. Lott Jr., Journal of Law and Economics, Vol. 36, No. 2, October 1993, pp. 757-802.

Current Research

    Corporate governance, corporate crime and punishment.

Honors and Awards

    Ron Crockett Award for Academic Excellence (2009)
    Best paper award, CRSP Forum for “Do Short Sellers Detect Overpriced Firms? Evidence from SEC Enforcement Actions” (2008)
    Q-Group grant for “Do Short Sellers Detect Overpriced Firms? Evidence from SEC Enforcement Actions,” (2008)
    Best paper award, CRSP Forum, for “The Cost to Firms of Cooking the Books” (2006)
    KPMG/Peat Marwick Ph.D Project – Finance Doctoral Students Association inaugural award for “Outstanding Service, Leadership, and Commitment to the Finance Profession,” (2005)
    Griliches Prize in Empirical Economics awarded by the Journal of Political Economy (2003)
    Excellence in Teaching Award, UW EMBA Program (1999), John B. and Delores L. Fery Faculty Fellowship (1995-97)
    First Interstate Faculty Excellence Award (1992)
    Bradley Fellowship from the Mont Pelerin Society (1992)
    Burlington Northern Foundation Achievement Award for Scholarship (1989)

Selected Consulting Experience

  • Corporate governance issues.

  • Exxon Valdez oil spill litigation.

Academic Service

    Advisory Board for the National Association of Corporate Directors – Seattle Chapter (2005-present)
    Financial Management Association
    Board of Trustees,(2008-present)
    President, (2007-2008)
    Vice President-Program for the 2005 program
    Faculty Director (2002-2004)

    Director, CFO Forum (2004-2007)
    Director of the Environmental Management Program (1991-93)
    Managing Editor of the Journal of Financial and Quantitative Analysis (1989-2003)
    Consulting Editor of the Journal of Financial and Quantitative Analysis (2003-2004)
    Associate Editor for the
    Journal of Finance (2008-present)
    Journal of Financial Research (2005-present)
    Managerial and Decision Sciences (2004-present)
    Journal of Financial and Quantitative Analysis (2004-present)
    Journal of Financial Abstracts (1994-present)
    Pacific Basin Finance Journal (1991-2004)




Enter part of a first or last name: