Jonathan M. Karpoff
Summer 2014

Jonathan M. Karpoff is the Washington Mutual Endowed Chair in Innovation and Professor of Finance at the University of Washington’s Michael G. Foster School of Business.  Jon serves as an Associate Editor for the The Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Management Science, and Managerial and Decision Economics.  He is a member of the Board of Trustees for The Financial Management Association International, an International Research Fellow at Oxford’s Centre for Corporate Reputation, and a member of the Searle Civil Justice Institute Task Force on Foreign Bribery.  Jon received his BA (1978) from the University of Alaska - Anchorage, and his MA (1980) and Ph.D (1982) degrees from UCLA.  He has held appointments as the John M. Olin Visiting Professor at the University of Chicago’s Graduate School of Business (1998) and as the Visiting Alumni Professor of Finance and Alumni Research Scholar at the Emory University’s Goizueta Business School (2000-02). 

Jon’s research seeks to understand how and when Adam Smith’s Invisible Hand works, or does not work, to coordinate economic activities and promote social well-being.  This research addresses a wide range of topics, from fisheries management to corporate governance and business misconduct.  In 2003, Jon was awarded the Griliches Prize in Empirical Economics for his research on leadership in arctic exploration.  His research on corporate financial scandals was recognized with the Best Paper Award at the University of Chicago’s CRSP Forum in 2006 and the William F. Sharpe (JFQA) Best Paper Award in 2009.  Different papers won the CRSP Forum Best Paper Award again in 2008, the Best Paper Award at the George Mason University Conference on Corporate Governance and Fraud Prevention in 2009, the Best Paper Award at the Financial Research Association Conference in 2011, and the Best Corporate Finance Paper Award at the 2012 FMA meetings.  In June 2014, Jon was named the 2015 recipient of the award for outstanding contribution to research in corporate governance by the Center for Corporate Governance at Drexel University.  Jon’s work also is frequently cited in media outlets – including The New York Times, The Economist, The Wall Street Journal, and National Public Radio

Jon served as President of The Financial Management Association International from 2007-08, Director of the UW’s CFO Forum from 2004-2007, and Managing Editor of the Journal of Financial and Quantitative Analysis from 1989-2003.  He also was the founding Director of the University of Washington’s Environmental Management Program.  In recent years Jon has become active in executive education, and has delivered keynotes, seminars, and classes to audiences in Japan, Hong Kong, Germany, Portugal, South Africa, The Netherlands, Australia, New Zealand, Finland, and other locations.  At the Foster School’s Executive MBA programs, he received five Best Teacher Awards from 2010 through 2014.  

Jon is married and has four children.  His personal interests include mountaineering and Nordic skiing, including Adventure Skate Skiing.  For information on Jon’s research or teaching materials, or his personal site, visit