Professor  Garry Twite

Program Director
Visiting Professor of Finance


Phone number +61 3 8344 7786
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Level 11, 198 Berkeley Street The University of Melbourne 3010 Victoria Australia


Garry Twite is a visiting professor in the Department of Finance. He received his Ph.D. from University of NSW. His research interests include corporate finance, corporate governance, compensation and real estate. His research has been published in leading academic journals including the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, the Journal of Corporate Finance and the Journal of Urban Economics. Garry has previously held academic positions at the Australian National University, University of New South Wales and the University of Texas at Austin.

Research Interests

Corporate finance, corporate governance, compensation, and real estate finance.


Doctor of Philosophy, University of New South Wales. (1990)

Master of Commerce, University of New South Wales. (1980)Bachelor of Arts in Accounting, Canberra College of Advanced Education. (1974)


Sun, L., Titman, S., and Twite, G., 2015, "REIT and Commercial Real Estate Returns: A Post Mortem of the Financial Crisis", Real Estate Economics, 43, 8-36.He X, Li M, Shi J, Twite G. Why pay a stock dividend: Is it just a stock split? - Australian Journal of Management, forthcoming

E. Schultz, G. Tian and G. Twite, 2013, "Corporate governance and the Pay-Performance Link", International Review of Finance, 13, 447-472.

S. Titman and G. Twite, 2013, "Urban Density, Law and the Duration of Real Estate Leases", Journal of Urban Economics, 74, 99-112.

J. P.H. Fan, S. Titman and G.Twite, 2012, "An International Comparison of Capital Structure and Debt Maturity Choices", Journal of Financial and Quantitative Analysis, 47, 23-56.G.Y. Tian and G. Twite, 2011, "Corporate Governance, External Market Discipline and Firm Productivity", Journal of Corporate Finance,17, 403-417.

K. Pattenden and G. Twite, 2008, "Tax Effects in Dividend Policy under Alternative Tax Regimes" ,Journal of Corporate Finance, 14, Number 1, February 2008, pp 1-16

F. Foley, J. Hartzell, S. Titman and G. Twite, "Why do Firms Hold so Much Cash? A Tax-based Explanation",Journal of Financial Economics, Volume 86, Number 3, December 2007, pp 579-607

Garry Twite, "Capital Structure Choices and Taxes: Evidence from the Australian Dividend Imputation Tax System",International Review of Finance, Volume 2, Number 4, December 2001, pp 217-234.

Research interests

  • Corporate finance
  • Corporate governance
  • Compensation, and real estate finance.