Professor Grzegorz Pawlina

Head of Department, Professor

Profile

Grzegorz Pawlina is a Professor of Finance at Lancaster University Management School. His research interests focus on continuous-time corporate finance, interactions between corporate financing and investment decisions under uncertainty, and the problem of optimal exercise of real options in game-theoretical situations. His work has been published in such journals as Review of Finance, Journal of Corporate Finance, Journal of Economics and Management Strategy and Journal of Economic Dynamics and Control. It has been presented at international conferences that include the meetings of European Finance Association, Financial Management Association, European Economic Association and the Econometric Society. Grzegorz has taught BSc, MSc and PhD-level courses on corporate finance, financial markets and decision making under uncertainty. He holds a doctorate in Finance from Tilburg University, the Netherlands, and MSc degree in Economics from Warsaw School of Economics.

CV (.pdf)

Selected Publications Show all 18 publications

Leaders and followers in hot IPO markets
Banerjee, S., Gucbilmez, U., Pawlina, G. 04/2016 In: Journal of Corporate Finance. 37, p. 309-334. 26 p.
Journal article

Making, buying and concurrent sourcing: implications for operating leverage and stock beta
Lambrecht, B., Pawlina, G., Teixeira, J. 05/2016 In: Review of Finance. 20, 3, p. 1013-1043. 31 p.
Journal article

Optimal exercise of jointly held real options: a Nash bargaining approach with value diversion
Banerjee, S., Gucbilmez, U., Pawlina, G. 1/12/2014 In: European Journal of Operational Research. 239, 2, p. 565–578. 14 p.
Journal article

A theory of net debt and transferable human capital
Lambrecht, B., Pawlina, G. 01/2013 In: Review of Finance. 17, 1, p. 321-368. 48 p.
Journal article

Household liquidity and incremental financing decisions: theory and evidence
Cunha, M.R., Lambrecht, B.M., Pawlina, G. 09/2011 In: Journal of Business Finance and Accounting. 38, 7-8, p. 1016-1052. 37 p.
Journal article

Underinvestment, capital structure and strategic debt restructuring
Pawlina, G. 5/12/2010 In: Journal of Corporate Finance. 16, 5, p. 679-702. 24 p.
Journal article

Uncertainty and stepwise investment
Kort, P.M., Murto, P., Pawlina, G. 1/04/2010 In: European Journal of Operational Research. 202, 1, p. 196-203. 8 p.
Journal article

Strategic quality choice under uncertainty: a real options approach
Pawlina, G., Kort, P.M. 01/2010 In: Manchester School. 78, 1, p. 1-19. 19 p.
Journal article

Corporate finance and the (in)efficient exercise of real options
Lambrecht, B.M., Pawlina, G. 2010 In: Multinational Finance Journal. 14, 1/2, p. 129-156. 28 p.
Journal article

Real options in an asymmetric duopoly: who benefits from your competitive disadvantage?
Pawlina, G., Kort, P.M. 03/2006 In: Journal of Economics and Management Strategy. 15, 1, p. 1-35. 35 p.
Journal article

Is investment-cash flow sensitivity caused by agency costs or asymmetric information? Evidence from the UK
Pawlina, G., Renneboog, L.D.R. 09/2005 In: European Financial Management. 11, 4, p. 483-513. 31 p.
Journal article

Investment under uncertainty and policy change
Pawlina, G., Kort, P.M. 07/2005 In: Journal of Economic Dynamics and Control. 29, 7, p. 1193-1209. 17 p.
Journal article

Strategic investment under uncertainty: merging real options with game theory
Huisman, K.J.M., Kort, P.M., Pawlina, G., Thijssen, J.J.J. 2004 In: Zeitschrift für Betriebswirtschaft . 67, 3, p. 97-123. 27 p.
Journal article

Strategic capital budgeting: asset replacement under market uncertainty
Pawlina, G., Kort, P.M. 10/2003 In: OR Spectrum. 25, 4, p. 443-479. 37 p.
Journal article

European Finance Association meeting
Participation in conference

Programme committee member of the 2012 European Finance Association meetings
Types of External academic engagement - Membership of peer review panel or committee

Invited speaker at the Young Researchers Workshop on Finance, University of Tokyo and Tokyo Metropolitan University
Invited talk

Programme committee member of the 2010 European Finance Association meetings
Types of External academic engagement - Membership of peer review panel or committee

Research proposal reviewer for Erasmus Research Institute of Management (ERIM), the Netherlands
Types of External academic engagement - Membership of peer review panel or committee

Grant proposal reviewer for Research Foundation Flanders (FWO), Belgium
Types of External academic engagement - Membership of peer review panel or committee

Grant proposal reviewer for Research Promotion Foundation of Cyprus
Types of External academic engagement - Membership of peer review panel or committee

European Finance Association meeting
Participation in conference

Grant proposal reviewer for Leverhulme Trust
Types of External academic engagement - Membership of peer review panel or committee

Workshop on Capital Structure, Liquidity and Governance
Participation in workshop, seminar, course

Grant proposal reviewer for Economic and Social Research Council
Types of External academic engagement - Membership of peer review panel or committee

European Finance Association meeting
Participation in conference

European Finance Association meeting
Participation in conference

  • Corporate Finance and Banking

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