The Department of Finance has strengths in applied finance, particularly in the areas of high frequency analysis, (focusing on volatility, derivatives and regulation) and asset pricing with particular emphasis on the integration between macroeconomic variables and asset prices). There are additional research interests in corporate finance, initial public offerings and privatised utilities.
Research Expertise
- Applied Finance
- Asset pricing (time series econometric analysis between macroeconomic variables and asset prices)
- Financial Markets and Corporate Finance and People
- Finance Research Group strengths:
- High frequency analysis focussing on volatility, derivatives and regulation
- Asset pricing emphasising integration between macroeconomic variables and asset price
- Corporate finance, initial public offerings and privatised utilities
Study Finance at PhD Level
An overview of our expert academic's research interests, PhD entry requirements and more.
The Finance group has strong links with both Economics and Accountancy, using cross-disciplinary methodologies to address relevant issues in finance. There is also a strong interface with the Real Estate group where shared interests yield research output in the areas of risk measurement and diversification benefits.
Our subscriptions include Bloomberg, Datastream Premium, Worldscope, Morningstar Encorr, Newscope, Lipper Tass, TickHistory which, along with software packages such as Matlab, Eviews, RATS, and Stata, enables us to produce leading quantitative research at the cutting edge of finance.
Browse our Working Papers in Economics and Finance
Current Finance PGRs
| PhD Student | Project Title | Supervisors |
|---|---|---|
| Sowailem Al Sowailem | Validating ESG Index Using Exploratory and Confirmatory Factor Analysis | Professor Gerhard Kling Dr Filipa Da Silva Fernandes |
| Anwar Alfailakawi | The Securitization of Gold: A Blessing or a Curse? A Comparative Analysis of Gold Proxies and Their Implications on the Gold Market | Dr Son Pham Dr Seungho Lee |
| Oriana Amarh | The Tone of Language and Dividend Policies | Dr Daniel Gyimah Dr Chunxia Jiang |
| Haoyu Fang | The Impact of Renewable Energy Policy on Corporate Performance: Evidence from European Listed Companies |
Professor Gerhard Kling |
| Yuetong Guo | A Comparative Study of the Three-Factor Model in Mineable and Non-Mineable Cryptocurrency Markets | Dr Seungho Lee Dr Pranjal Srivastava |
| Mehrta Kheibary | TBC | Mr Mark Whittington |
| Yingfeng Ku | Determinants of Corporate Social Responsibility and Irresponsibility | Dr Fotios Papadimitriou Dr Filipa Da Silva Fernandes |
| Azhuo Li | The Impact of Managerial Trustworthiness and CSR on a Firm’s Credit Rating | Dr Huong Vu Dr Filipa Da Silva Fernandes |
| Libo Xiao | Fintech in the Wealth Management Industry: Investment Strategy and Robo-advisor Performance | Dr Chunxia Jiang Dr Huong Vu |
| Yaosheng Zhang | The Impact of ESG Performance on the Financial Performance of Sin Companies | Dr Weihao Han Professor Gerhard Kling |
Finance Research Seminar Series
- External Guest Seminars
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Speaker Affiliation Topic Date Lindsey Stewart Morningstar, London Interpreting Shareholder Signals on Sustainability
24/09/2025 Dr Chi-Yang Tsou University of Manchester Financial Frictions and Pollution Abatement Over the Life Cycle of Firms
23/04/2025 Dr Dong Yan Rotterdam School of Management, Erasmus University Analyst Information Contagion
19/03/2025 Dr Meryem Schalck IPAG Business School Evaluating the Impact of Climate Risk Measures on Firm Value: A Cross-country Study Using Machine Learning Models
29/01/2025 Dr Murat Mazibas University of Dundee Dynamic Style Analysis Using Machine Learning
20/11/2024 Dr Stefano Maiani Heriot-Watt University Environmental and Social Incidents and Misvaluation-driven Leveraged Buyouts
06/11/2024 Dr Kwabena Aboah Addo Utrecht University, Netherlands Overconfident Bank CEOs: Risk Amplification Amid Economic Policy Uncertainty? 30/10/2024 Dr Zhehao Jia University of Edinburgh Credit Market Segmentation, Access to Credit, and Corporate Risk-taking: Evidence from Asset-backed Securitization 23/10/2024 Professor Agostino Capponi Columbia University, USA The Evolution of DeFi: Achievements, Challenges, and the Road Ahead 09/10/2024 Dr Bowei Chen University of Glasgow Explainable Machine Learning for Bus Accident Analytics
25/09/2024 Dr Frederick Changwony University of Stirling The effect of public governance reforms on household financial inclusion, savings, and borrowing behaviour: A quasi-experiment evidence from Kenya
24/04/2024 Dr Jiao Ji University of Sheffield Political Ties and Penalty Avoidance: The Case of Bank CEOs in China
27/03/2024 Dr Xiaofei Xing University of Birmingham Do Fund Managers Believe in Luck? Zodiac Effect and Fund Managers' Behaviour and Performance
06/03/2024 Dr Samer Adra University of Sheffield To Whom Do “Fed Information Shocks” Matter? 21/02/2024 Dr Thuy Linh Nguyen University of Tokyo Comprehensive Analysis of Bank Mergers and Impacts on Heterogeneous Borrowers: Evidence from Japan
15/11/2023 Dr Jiaqi Guo University of Birmingham Empirical decisions and replication anomalies 01/11/2023 Dr Hai Zhang University of Strathclyde Robust investment timing, incentive costs and debt overhang 18/10/2023 Dr Udichibarna Bose University of Essex Does Green Transition promote Green Innovation and Technological Acquisitions? 20/09/2023 Dr Betty Wu University of Glasgow From the Merger Monday phenomenon: M&A announcement timing, media attention, and value creation 22/03/2023 Dr Robert Ślepaczuk University of Warsaw Energy, Crypto Assets, Gold, and Soft Commodities as a Safe Haven in Algorithmic Investment Strategies based on Deep Learning and ARIMA-GARCH models for Equity Indices
08/03/2023 Dr Albert Mensah HEC Paris Do banks learn from activist short sellers? Evidence from loan pricing 08/02/2023 Dr Yiwei Li University of Essex Executive Team and Corporate Misbehavior: Evidence from U.S. Equity Market
12/10/2022 Dr Xiaolun Yu University of Reading Low-rise Buildings in Big Cities: Theory and Evidence from China 05/10/2022 Dr Emmanouil Platanakis University of Bath A Model-based Commodity Risk Measure on Commodity and Stock Market Returns 28/09/2022 Dr Toan L.D. Huynh Southampton Business School The Impact of Foreign Sanctions on Firm Performance in Russia 22/06/2022 Professor Yeqin Zeng Durham Business School Firm-specific Investor Sentiment and Productivity 16/03/2022 Professor Qiaoyun Yun South China Normal University Absorptive capacity of enterprises in sharing economy 08/12/2021 Professor Wei Liu South China Normal University Controlling Shareholder Share Pledging and the Cost of Equity Capital: Evidence from China
01/12/2021 Dr Hanwen Sun University of Bath Product Market Threats and Corporate ESG Performance 24/11/2021 Professor Sofia Johan University of Aberdeen (Honorary) Governance and Success in U.S. Equity Crowdfunding 10/11/2021 Professor Shaoyu Li South China Normal University Competition, Rating Shopping and Yield Spread: Evidence from Chinese Enterprise Bond Market
03/11/2021 Professor Douglas Cumming Florida Atlantic University Covid, Work-from-Home, and Securities Misconduct 27/10/2021 - Internal Seminars
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Speaker Topic Date Professor Gerhard Kling A perfect storm: The impact of climate change, austerity, and old age on excess mortality in England & Wales 12/02/2025 Dr Daniel Gyimah Cross-Border Regulatory Cooperation and Tax Avoidance 07/02/2024 Dr Pranjal Srivastava Government Put: What Options Market Imply about the Volatility and Left-tail Risk of Indian Public versus Private Banks
22/11/2023