Personal profile
Biography
Karren Khaw is an Associate Professor and Head of the Department of Finance at the School of Business, Monash University Malaysia. She holds a doctoral degree from Massey University, New Zealand, fully sponsored by the Ministry of Higher Education Malaysia. She has previously worked with the University of Waikato, based at its joint institute (NZUWI) in Hangzhou, China, and the University of Malaya and Universiti Utara Malaysia.
Her research interests lie in corporate finance, focusing primarily on corporate risk-taking, corporate governance, corporate policies, debt financing structures, investment efficiency, and multinational corporations. She has also ventured into ESG and sustainable finance. Her notable research outputs are published in the Journal of Corporate Finance, Journal of Banking and Finance, Finance Research Letters, Emerging Markets Review, Pacific-Basin Finance Journal, and Journal of Economic Surveys.
She actively contributes her expertise as a journal subject editor and reviewer. For research grants, she has completed six grants (four as principal investigator and two as co-investigator). She is leading two ongoing grants related to sustainable growth among Malaysian SMEs and sustainable finance.
Karren has taught various finance courses at the undergraduate and postgraduate levels, such as Cases in Finance, Corporate Finance, Corporate Valuation, Entrepreneurial Finance, Investment Analysis, International Financial Management, Fixed Income Markets and Instruments, and Managerial Finance. At Monash, she is assigned to teach credit analysis and lending and corporate valuation. Consistently, she received positive feedback on her teaching approaches. She was awarded a Purple Letter and Blue Letter for teaching excellence and an ESSFS award for the extra-large class category, both in 2023, along with an NZUWI teaching award in 2022 and an Excellent Service Award in 2016.
In terms of supervision, she has successfully supervised four doctoral students and eight master's students to completion. Additionally, she has experience holding administrative positions at the school and national levels. Nationally, she has served as the Assistant Secretary (2018/2019), Honorary Secretary (2019/2021), and Exco (2023/2025 & 2025/2027) of the Malaysian Finance Association.
Research interests
- Corporate risk-taking
- Corporate governance
- CSR, ESG
- Debt financing
- Institutional investors
- Multinational corporations
- Sustainable finance
External positions
Executive Committee (Exco), Persatuan Kewangan Malaysia (Malaysian Finance Association)
20 Oct 2023 → …
Research area keywords
- Corporate risk-taking
- Corporate governance
- CSR, ESG
- Debt financing
- Multinational corporations
- Agency Problems I and II
- Stakeholder Theory
Expertise related to UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):
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SDG 7 Affordable and Clean Energy
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SDG 8 Decent Work and Economic Growth
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SDG 9 Industry, Innovation, and Infrastructure
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SDG 13 Climate Action
Collaborations and top research areas from the last five years
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The People Behind the Pages: Board or C-Suite for a Better ESG Performance?
Lim, E. (Primary Chief Investigator (PCI)), Khaw, K. (Chief Investigator (CI)), Shah, F. (Chief Investigator (CI)), Wang, Q. (Chief Investigator (CI)) & Yan Cheng, K. (Chief Investigator (CI))
1/10/25 → 31/05/26
Project: Research
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Developing a Sustainable Finance Framework for Small and Medium Enterprises (SMEs)
Khaw, K. (Primary Chief Investigator (PCI)), Eu Gene, S. (Chief Investigator (CI)), Avvari, V. M. (Chief Investigator (CI)), Sara, S. (Chief Investigator (CI)), Guglyuvatyy, E. (Chief Investigator (CI)) & Zainudin, R. (Chief Investigator (CI))
1/08/24 → 31/07/26
Project: Research
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Enhancing Sustainable Growth Among Malaysian SMEs
Khaw, K. (Primary Chief Investigator (PCI)), Avvari, V. M. (Chief Investigator (CI)), Seera, M. S. (Chief Investigator (CI)), Guglyuvatyy, E. (Chief Investigator (CI)) & Chang, L. H. (Chief Investigator (CI))
1/12/23 → 6/10/25
Project: Research
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MY CFO CAP: Malaysia CFO Collective Action Program
Nasir, N. (Primary Chief Investigator (PCI)), Rassiah, P. (Chief Investigator (CI)), Subramaniam, R. (Chief Investigator (CI)), Khaw, K. (Chief Investigator (CI)), Arnold Perangin Angin, Y. (Chief Investigator (CI)) & Avvari, V. M. (Chief Investigator (CI))
1/05/23 → 31/03/24
Project: Research
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Family firms and risk taking: does the integration of ESG practices matter?
Khaw, K.L.-H., Wei, Y. & Ma, S., Nov 2025, In: Emerging Markets Review. 69, 30 p., 101359.Research output: Contribution to journal › Article › Research › peer-review
Open Access2 Link opens in a new tab Citations (Scopus) -
Navigating ESG in Sarawak: Insights from SMEs
Wern, A. S. W., Loong, A. A. C., Hui, C. L., Lee, A., Avvari, M. V. & Khaw, K., 2025, 58 p. Malaysia : Alliance Bank Malaysia Berhad.Research output: Other contribution › Other
Open Access -
The Path to Sustainable Impact – Sectoral Insights of Malaysian SMEs
Wern, A. S. W., Loong, A. A. C., Chang , L. H., Lee, A., Avvari, V. M., Khaw, K., Cho, J. & Wong, T., 2025, Malaysia: Alliance Bank Malaysia Berhad. 84 p.Research output: Book/Report › Other Report › Research
Open Access -
Does the Sharia-compliant status removal announcement matter? liquidity, trading activities and institutional investors
Zainudin, R. & Khaw, K.L.-H., 2024, In: Asian Academy of Management Journal of Accounting and Finance. 20, 1, p. 237-271 35 p.Research output: Contribution to journal › Article › Research › peer-review
Open AccessFile -
Impact of geopolitical risk on target debt ratio
Shrestha, K., Philip, S. S. S. & Khaw, K.L.-H., Feb 2024, In: Finance Research Letters. 60, 11 p., 104964.Research output: Contribution to journal › Article › Research › peer-review
Open AccessFile10 Link opens in a new tab Citations (Scopus)
Prizes
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Early Semester Student Feedback Survey Award (Semester II/2023)
Khaw, K. (Recipient), 2023
Prize: Prize (including medals and awards)
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Emerald Most Provocative Award
Gek Xuen, S. (Recipient), Khaw, K. (Recipient) & Sara, S. (Recipient), 2025
Prize: Prize (including medals and awards)
File -
School of Business Excellence Award 2025: Engagement & Impact Excellence
Khaw, K. (Recipient), 4 Dec 2025
Prize: Prize (including medals and awards)
File -
School of Business Excellence Awards 2025: Research Excellence (Best Supervisor Category: Commendation)
Khaw, K. (Recipient), 4 Dec 2025
Prize: Prize (including medals and awards)
File
Activities
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Malaysia Finance Association International Conference (2025)
Khaw, K. (Speaker)
26 Nov 2025 → 27 Nov 2025Activity: Participating in or organising an event types › Contribution to conference
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Malaysia Finance Association International Conference (2025) (Event)
Khaw, K. (Peer reviewer)
Nov 2025 → …Activity: Publication peer-review and editorial work types › Peer review responsibility
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CIMB TCE Media Masterclass: The Cooler Earth Sustainability Series
Khaw, K. (Invited speaker)
17 Jan 2025Activity: Participating in or organising an event types › Contribution to workshop, seminar, course
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SME ESG START Symposium
Khaw, K. (Invited speaker)
21 Jan 2025Activity: Participating in or organising an event types › Contribution to workshop, seminar, course
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Studies in Economics and Finance (Journal)
Khaw, K. (Peer reviewer)
2025 → …Activity: Publication peer-review and editorial work types › Peer review responsibility
Press/Media
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ESG seharusnya bukan lagi beban untuk PKS
Zainudin, R. & Khaw, K.
17/01/26
1 Media contribution
Press/Media: Expert Comment
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Reframing ESG as commercial opportunities for SMEs
Zainudin, R. & Khaw, K.
7/01/26
1 Media contribution
Press/Media: Expert Comment