Finance and Business Analytics

The Finance and Business Analytics cluster encompasses and promotes all aspects of finance and business analytics related research that currently takes place across the Business School and the International Centre for Financial Services (ICFS) at the University of Adelaide.

Our researchers publish across a broad range of fields. In finance, this includes asset pricing, banking, corporate finance and market microstructure. In business analytics, this reflects quantitative analysis in the fields of operations research, management, marketing, and education. Papers have appeared in leading journals, such as Journal of Financial Economics, Review of Finance, Journal of Financial and Quantitative Analysis, Journal of Accounting and Economics, The Accounting Review, Journal of Corporate Finance, Journal of Marketing, Journal of Financial Markets and Journal of Banking and Finance. In collaboration with ICFS, we also operate four research groups that specialise in specific areas that the discipline is building a reputation. 

  • Climate Finance Group

    The climate finance group contains a cross disciplinary network of academic interested in climate finance, environmental, social and governance (ESG) and investments. Members have been involved in category 1 sponsored research examining the impact of climate change to crop insurance contracts, have won the 2022 ABDC national award for climate action research, published in FT 50 journals and engaged with industry on carbon accounting.

    Key Contact: Ivan Indriawan

  • Corporate Finance Group

    The corporate finance group is the largest within the discipline. It brings together a vibrant and collegial team working in the broad area of corporate finance. Creating, publishing and supporting top quality academic research in corporate finance are the cornerstone activities of the group. Our aim is to conduct cutting edge empirical corporate finance research based on sound economic theory, employing robust econometric methods and original datasets to discover new knowledge. Our current research focuses on entrepreneurial finance, managerial risk-taking incentives, mergers and acquisitions, institutional holdings, capital raising, labor and finance as well as law and finance. The group is also home to the International Journal of Managerial Finance (ABDC A ranked journal). Members regularly publish in A* and FT-50 journals on corporate finance issues.

    Key Contact: Alfred Yawson

  • Indigenous Finance Group

    The Indigenous finance group consists of researchers that advocate for, and support, Aboriginal and Torres Strait Islander people in the development and advancement of investment and financial literacy in Indigenous communities. The group also offers services directly to Indigenous businesses and registered native title body corporations, including bespoke financial management and corporate governance courses. In addition, our researchers work to improve Indigenous outcomes with the wider Indigenous support ecosystem, including Federal and State Governments, and listed and unlisted mining and energy companies.

    Key Contact: Ralf Zurbrugg

  • Superannuation Group

    The superannuation group works to support Australia’s pension system – the 4th largest in the world, with around $3.5 trillion in funds under management. Our researchers offer a complete suite of research services to the sector, evaluating performance, and consulting on taxation and other regulatory issues, for retail, industry, and self-managed superannuation funds (SMSFs). The group has a particularly strong emphasis on promoting professionalization and regulatory reform in the SMSF sub-sector, with several research and advocacy efforts impacting national regulators like the Australian Taxation Office and the Australian Securities and Investments Commission.

    Key Contact: George Mihaylov

  • Business Analytics

    The Business Analytics group contains a cross disciplinary network of academics focused on applying data science techniques in the business domain. Areas on interest include operations research, supply chain analytics, marketing analytics, and management analytics.

    Key Contact: Ralf Zurbrugg

Staff Members

Syed Zamin Ali

Lecturer of Finance

Jean Canil

Associate Professor of Finance

Chee Cheong

Associate Professor of Finance

Ratna Derina

Lecturer of Finance

Ivan Indriawan

Senior Lecturer of Finance

Sigitas Karpavicius

Associate Professor of Finance

Marta Khomyn

Lecturer of Finance

Pide Lun

Lecturer in Business Analytics

Jane Luo

Senior Lecturer of Finance

George Mihaylov

Senior Lecturer of Finance

Phuong Nguyen

Lecturer of Finance

Ivan Obaydin

Senior Lecturer of Finance

Gary Tan

Lecturer of Finance

Limin Xu

Senior Lecturer of Finance

Alfred Yawson

Professor of Corporate Finance

Ralf Zurbrugg

Professor of Finance and Business Analytics


Dr Md Afnan Hossain

Lecturer, Adelaide Business School

Daniel Orlovsky

Lecturer, Adelaide Business School

llker Cingillioglu

Lecturer, Adelaide Business School

Xiaopeng Wei

Lecturer, Adelaide Business School

Learn more about the most recent research activities of the Finance and Banking discipline on LinkedIn.

Interested in postgraduate research with us?

We offer research opportunities at the master’s and PhD levels. Our higher-degree-by-research (HDR) programs are benchmarked with other Go8 universities, and all HDR students are supervised by experts in the field to ensure high-quality, internationally competitive research outcomes. If you’re interested in accounting, finance and banking, management, marketing and/or entrepreneurship, then consider furthering your research career with us.

Higher degrees by research