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Home | People | Egle Karmaziene
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Egle Karmaziene

Research Fellow

University
Vrije Universiteit Amsterdam
Research field
Finance
Interests
Corporate Governance, Corporate Finance, Finance

Biography

Egle Karmaziene is an Assistant Professor at VU Amsterdam. In 2016, she received a PhD from Stockholm School of Economics.
Egle’s research agenda focuses on financial markets and corporate governance. She co-organized the 16th Corporate Finance Day in September, 2019.
Egle received a grant from Nasdaq Nordic Foundation to investigate information dispersion and liquidity in fragmented markets.

List of publications

Karmaziene, E. and Terrada, JuanM. (2026). Fast ETFs, slow bonds: Price adjustment under monetary tightening Finance Research Letters, 90(February):1--7.

Capera Romero, L.M., Artiga Gonzalez, T., Karmaziene, E. and Yuan, X. (2025). Green Gains: The Impact of REITs’ Environmental Performance on Sustainability-Linked Loan Interest Rates Finance Research Letters, 71:1--7.

Irvine, PaulJ. and Karmaziene, E. (2025). Competing for dark trades Journal of Banking and Finance, 178:1--13.

Fišar, M., Greiner, B., Huber, C., Katok, E., Ozkes, AliI., Abraham, D., Adams, GabrielleS., Adbi, A., Addoum, JawadM., Adena, M., Akella, L.Y., Akey, P., Akmansoy, O., Alban, A., Alexeev, V., Alimov, A., Aman, A., Aouad, A., Appel, G., Arnosti, N., Arora, K., Arpinon, T., Artinger, FlorianM., Arts, J., Baardman, L., Babutsidze, Z., Bahrami, G., Banerjee, S., Bao, C., Bao, T., Baron, O., Barriola, X., Monteiro e Silva Barroso, P., Baskin, E., Batt, RobertJ., Batta, G., Bauer, A., Bauman, K., Bazley, W., Becker-Peth, M., Begen, M., Begen, N., Benoit, S., Berger, L., Berlin, N., Berling, L.P., Bernard, A., Bertomeu, J., Bialkowski, J., Bilinski, P., Bischof, J., Black, JeffreyR., Blunden, H., Bongaerts, D., Bönisch, F., Bos, M., Bosch-Rosa, C., Bourjade, S., Boysen, A., Brimhall, C., Brokesova, Z., Brooks, J.Paul, Bruns, StephanB., Buckle, G., Buenstorf, G., Burtch, G., Bushong, B., Buti, S., Callery, P., Canayaz, M., Cao, J., Cao, W., Cao, X., Carree, M., Castellani, V., Cerasi, Y.J., Chang, HannahH., Chang, J.W., Chang, M., Chang, Y., Chaturvedi, A., Chauvin, J., Chavez, DanielE., Chen, C., Chen, F., Chen, JosieI., Chen, P.C., Chen, R., Chen, W., Chen, W.J., Chen, Y., Chen, Z., Chen, Z., Chew, L., Chhabra, P.P.S., Chintala, S.C., Choi, G.Y., Choi, S., Choudhary, V., Chow, V.T.F., Christensen, KatherineL., Chung, DougJ., Cinelli, M., Cingl, L., Cire, A.A., Clark, J., Clement, J., Clithero, J., Cloléry, H., Clough, DavidR., Clyde, N., Coali, A., Comeig, I., Cook, N., Correia-Da-Silva, J., Costa, E., Coutts, A., Cribben, I., Cuculiza, C., Cui, Z., Cunningham, C., Cziraki, P., Dagorn, É., Dai, R., Dana, J., Danks, N.P., Darendeli, A., Dato, S., Davcik, N., de Grazia, C., De Sousa, J., De Vries, J., De Vries, M., Deev, O., DeFronzo, R., Dekker, L., Delarue, A., Demiral, ElifE., Demiroglu, C., Deore, A., Detzel, A., Devonaev, A., Bala, A.D., Dimant, E., Dimmery, D., Dimmock, StephenG., Ding, C., Ding, L., Ding, T., Ding, Y., Dong, L., Donohue, K., Drichoutis, A., Du, S., Duan, Y., Duevski, T., Duong, H.N., Ederhof, M., El Hajj, H., Ellison, M., Eriksen, J.N., Espinosa, M., Fallucchi, F., Fang, X., Fanghella, V., Faralli, M., Farham, S., Fattinger, F., Feiereisen, S., Feng, Y., Ferracuti, E., Filippin, A., Fillon, A., Fiorin, S., Fisher, G., Fisher, M., Flath, C., Foerderer, J., Frey, V., Fuchs, C., Fugger, N., Gabel, S., Gaessler, F., Ganglmair, B., Gangwar, M., Ares, P.A.G., Garg, R., Gaspar, J.M., Gastaldi, C., Gauriot, R., De Genaro, A., Geng, Y., Georgalos, K., Geraldes, D., Gerhards, L., Gerken, W., Gibson, M., Gijsbrechts, J., Goerg, S., Goetz, D., Goldman, J., Gonschorek, F., Gonzalez-Jimenez, V., Goossens, JorgoT.G., Gordy, M., Gorny, PaulM., Goswami, I., Goyal, A., Goyenko, R., Grad, T., Greenblatt, W., Gregor, M., Grieco, D., Grieder, M., Grossmann, MaxR.P., Grüner, S., Guha, S., Guo, A., Guo, G., Guo, H., Guo, L., Gutt, D., Gygax, AndréF., Hacamo, I., Haeckl, S., Hagenberg, ThomasC., Hagmann, D., Haislip, J., Han, E., Han, J., Harvey, J.E., Havrylchyk, O., Hazarika, S., He, L., He, Y., Hedgcock, W., Heimbach, I., Henderson, B., Hendrikse, J., Henry, E., Hepfer, B., Hernan, R., Herz, H., Heyes, A., Hildebrand, C., Hillenbrand, A., Hillert, A., Hilweg, M., Hjalmarsson, E., Hoelscher, S., Hoffmann, P., Hollenbeck, B., Holtrop, N., Holzmeister, F., Homroy, S., Hossain, M., Houf, L., Howell, T., Hu, K., Huang, A., Huang, J.Z., Huang, L., Huang, S., Huber, StefanieJ., Hudja, S., Humphrey, J., Hünermund, P., Hurst, W.R., Hurtado, C., Huynh, KimP., Hyndman, K., Ingolfsson, A., Ipeirotis, P., Israeli, A., Ivashchenko, A., Jabr, W., Jain, PankajK., Jaramillo-Gutierrez, A., Javadinarab, N., Ji, Y., Jia, M., Jiang, H., Jiang, H., Jiang, J., Tan, J., Jirásek, M., Julio, B., Jung, HeejungH.J., Marcel te Kaat, D., Kalodimos, J., Kamstra, M., Kang, H., Kang, Q., Kanimian, S., Kapons, MartinM., Karmaziene, E., Kausar, A., Kelly, PatrickJ., Kesavan, S., Khadjavi, M., Khobzi, H., Khubulashvili, R., Kim, AlexG., Kim, B., Kim, C., Kim, D.S., Kim, S., Kim, S., Kim, S.H., Kim, S., Kirneva, M., Kiss, A., Kluppel, L.M., Koçak, Ö., Kogler, C., König-Kersting, C., Kopányi-Peuker, A., Koppel, L., Koppman, S., Kopsacheilis, O., Kornish, LauraJ., Krahn, A., Krčál, O., Krishnamurthy, S., Kropp, P., Kundu, S., Kurschilgen, M., Kusterer, DavidJ., Kutuk, S., Kuzmina, O., Kyung, E., Lacan, C., Lam, A., Lambert, T., Lanahan, L., Langen, M., Laurentsyeva, N., Law, KelvinK.F., Le, Q.T., Lee, C., Lee, D., Lee, K.H., Lee, S., Lee, Y., Lei, M., Lei, Z., Leitner, S., Lepori, G.M., Levari, DavidE., Lewis, B.W., Leyden, BenjaminT., Li, C., Li, J., Li, K.K., Li, L., Li, M., Li, S., Li, S., Li, Y., Li, Y., Liang, C., Lim, S., Lin, M., Lin, P.H., Lin, Y., Linardi, S., Lincoln, W., Lindenmayr, M., Linnenluecke, M., Listo, A., Litjens, R., Liu, C., Liu, D., Liu, F., Liu, H., Liu, H., Liu, J., Liu, K., Liu, N., Liu, S., Liu, X., Livneh, N., Lluent, T., Loehndorf, N., Lof, M., Loheac, Y., Lohmann, P., Lopez, L.A., Lorko, M., Lotti, F., Lu, J., Lu, X., Luffarelli, J., Luhan, WolfgangJ., Luong, H., Lyu, G., Ma, L., Madio, L., Maeckle, K., Mahmoudzadeh, M., Maillé, P., Mak, V., Malézieux, A., Mankad, S., Mantilla, C., Mantin, B., Mantovani, M., Marchesini, G., Marcucci, J., Fages, D.M., Masiliunas, A., Massoni, S., Matias, N., Matthys, T., Mattsson, M., Maurer, T.A., Maus, P., Kütük, M.M., Max, MalteM., Meinerding, C., Meister, M., Meitong, D., Melero, E., Mendes, D., Menzer, T., Merkle, C., Merrick, J., Meyer, S., Miklánek, T., Mill, W., Minner, S., Mirzayev, E., Mittlaender, S., Møller, S.V., Molnar, A., Moore, D., Mortal, S., Moscariello, G., Mou, Y., Mu, J., Mueller, C., Mukherjee, A., Mustafazade, S., Muthuraman, K., Nakkas, A., Naughton, J., Ng, H.B.H., Nguyen, L., Nguyen, M., Nguyen, N.P.A., Nguyen, T.T.T., Nguyen-Chyung, A., Nicolaou, N., Nolte, S., Non, A., Ødegaard, B.A., Ofek-Shanny, Y., Oh, C.H., Olivola, C.Y., Omer, ThomasC., Orland, A., Otto, T., Ouyang, M., Ozyilmaz, H., Pairolero, NicholasA., Palan, S., Pandit, N., Papies, D., Park, J., Park, T.Y., Parker, C., Patel, V., Pawlina, G., Nestour, E.P.L., Pearce, G., Peeters, T., Peliova, J., Peng, Z., Pérignon, C., Peter, N., Peukert, C., Phan, H., Philipp-Muller, A., Phua, K., Pierson, M., Plíhal, T., Ploner, M., Porcher, S., Pourieux, M., Preuss, S., Procházka, J., Pu, S., Puklavec, Ž., Qin, H., Qiu, T., Qiu, X., Rahal, R.M., Rahimian, A., Rajabzadeh, M., Randall, O., Ray, S., Rehbein, O., Reichenecker, J.A., Reinholtz, N., Reiss, J.Philipp, Renne, J.P., Reza, S., Richardson, P., Riddiough, S., Rieger, M.O., Righi, C., Rilke, R.M., Riutort, J., Robotti, C., Römer, N., Rose, J., Rose, M., Rosmer, P., Rossi, F., Rostami, B., Roszbach, K., Rotaru, K., Roth, Y., Rotolo, D., Rott, C., Routledge, B., Rubineau, B., Rusch, H., Ryzhov, IlyaO., Saffi, P., Saglam, M., Samahita, M., Sarantopoulos, P., Sarhangian, V., Savasaneril, S., Scheule, H., Schleritzko, M., Schnidman, M., Schoch, D.S., Schröder, M., Schütte, E.C.M., Schwartz, D., Schwerter, F., Seamans, R., Seifert, M., Servranckx, T., Sethuraman, N., Sevcenko, V., Shah, D.R., Shah, R., Sharma, K., Sharma, P., Sheneman, A., Shi, Y., Shuai, L., Siegenthaler, S., Silberholz, J., Silva, R., Silz-Carson, K., Simon, F., Singal, R., Sinha, N.R., Skouras, S., Smerdon, D., Smolka, K., Soetevent, A., Sojli, E., Sokolov, K., Somasundaram, J., Son, Y., Song, J.M., Soni, V., Sonsino, D., Souther, M., Spaenjers, C., Spann, M., Spiliotopoulou, E., Starck, J., Starkweather, A., Steele, D., Stefan, M., Stehr, F., Steiner, E., Stich, L., Stoeckl, T., Stoop, J., Ströhlein, K., Stüber, R., Sturgess, J., Su, Y., Su, Y., Suchon, R., Sui, M., Sülz, S., Sung, E., Szymanowska, M., Tabacco, G.A., Tannenbaum, D., Tereyagoglu, N., Tergiman, C., Testoni, M., Thakor, R., Tham, W.W., Thelaus, S., Thielen, S., Tong, L., Tonguc, O., Tonin, M., Toraman, S.Y., Tortoriello, M., Tracy, J.Dustin, Tremewan, J., Tripathi, MuktakK., Tumer-Alkan, G., Turcic, D., Turocy, T., Tyagi, H., Udenio, M., Ulku, S., Ungeheuer, M., Utke, S., Uzmanoglu, C., Vacca, M., Valta, P., Van Der Borgh, M., Van Der Geest, J., Van Steenvoort, M., Van Veldhuizen, R., Vana, P., Vanhoucke, M., Vanneste, B., Vecci, J., Venkataraman, S., Veronesi, M., Vicente, S., Villa, S., Martin, M.V., Vincent, L., Vladasel, T., Voigt, S., Vosgerau, J., Vossler, ChristianA., Vossmeyer, A., Wagner, HannesF., Waguespack, DavidM., Walker, E., Walker, M., Walzl, M., Wan, Z., Wang, CharlesC.Y., Wang, J.T.Y., Wang, K., Wang, V.X., Wang, X., Wang, Y., Warnes, XavierS., Wasserka-Zhurakhovska, L., Wei, W., Weiergraeber, S., Weiss, P., Weng, J., Weng, W.C., Weston, J., White, J.T., Wibral, M., Williams, J., Wilms, O., Wirl, F., Wolanski, A., Wong, M.H.Franco, Woods, D.J., Wu, B., Wu, Y., Wu, Z., Wuttke, D., Xia, Y., Xie, J., Xie, W., Xu, F., Xu, L., Xu, S., Xu, S., Xu, Y., Xue, R., Yalcinkaya, B., Yang, R., Yang, Y., Yao, H., Yao, S., Ke, Y., Yapar, O., Yelagin, E., Yeung, I., Yilmaz, E.D., Yilmaz, L., Yoo, W., Yoon, S., Youn, S., Young, A., Yu, J., Yu, J., Yu, J.V., Yu, L., Yuan, H., Yuan, Y., Yue, L., Zednik, A., Zeinali, Y., Zhai, S., Zhan, X., Zhang, A., Zhang, C., Zhang, H., Zhang, H., Zhang, H., Zhang, JackH., Zhang, L., Zhang, Q., Zhang, R., Zhang, R., Zhang, S., Zhang, S., Zhang, WalterW., Zhang, Z., Zhao, J., Zhao, X., Zhao, Z., Zheng, J., Zheng, Y., Zheng, Z., Zhou, A., Zhu, H., Zhu, J., Zhu, Y., Zihlmann, C., Zoican, M., Zultan, R., Zuo, Z. and Collaboration, T.M.S.R. (2024). Reproducibility in Management Science Management Science, 70(3):1343--1356.

Baltrunaite, A. and Karmaziene, E. (2024). Fast tracks to boardrooms: Director supply and board appointments Journal of Corporate Finance, 88:1--20.

Menkveld, AlbertJ., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Neususs, S., Razen, M., Weitzel, U., Abad-Diaz, D., Abudy, M., Adrian, T., Ait-Sahalia, Y., Akmansoy, O., Alcock, JamieT., Alexeev, V., Aloosh, A., Amato, L., Amaya, D., Angel, JamesJ., Avetikian, AlejandroT., Bach, A., Baidoo, E., Bakalli, G., Bao, L., Barbon, A., Bashchenko, O., Bindra, ParampreetC., Bjønnes, GeirH., Black, JeffreyR., Black, BernhardS., Bogoev, D., Bohorquez Correa, S., Bondarenko, O., Bos, CharlesS., Bosch-Rosa, C., Bouri, E., Brownlees, C., Calamia, A., Cao, V.N., Capelle-Blancard, G., Capera Romero, LauraM., Mazzola, F., van Dijk, M., Verwijmeren, P., Vogel, S., Wagner, W., van der Wel, M., Yang, A. and Zhou, C. (2024). Nonstandard Errors The Journal of Finance, 79(3):2339--2390.

Karmaziene, E. (2023). The greater the volume, the greater the analyst Finance Research Letters, 51:1--6.

Karmaziene, E. and Sokolovski, V. (2022). Short Selling Equity Exchange Traded Funds and Its Effect on Stock Market Liquidity Journal of Financial and Quantitative Analysis, 57(3):923--956.

Di Giuli, A., Karmaziene, E. and Sekerci, N. (2021). Common ownership and firm dividend policies Finance Research Letters, 40:1--8.