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Elphinstone PhD scholarship

Applications from prospective PhD students invited to Elphinstone PhD Scholarship

Business School (Finance Division) at the University of Aberdeen, invites applications from prospective PhD students for a fee-waiver Elphinstone PhD Scholarship.

Research topic: "A risk-return analysis of energy sector companies"

The main objective of the research is to undertake a broadly defined analysis of the market performance of energy sector companies which special focus on risk-return analysis.  The risk-return analysis involves the analysis of risk factorts which impact on the performance of a company, and their influence on the market returns of the company.  Specifically, the research entails the follows:

  • empirical analysis of the market performance of energy sector companies
  • performance evaluation of different sub-sectors within the energy sector
  • comparison of the performance of energy sector companies with other sectors of the economy subject to specific features, which are shown in the literature to have significant influence on the company's market performance
  • identification of the economic risk factors in the energy sector and their measurement
  • building stock portfolios of energy companies, based on previously identified risk factors
  • modelling the impact of the identified risk factors on market returns of portfolios of energy companies

The details of Elphinstone PhD Scholarships and an application process can be found at:

The following documents are required with your application:

  • CV
  • Cope of Degree Certificate(s)
  • Cope of Degree Transcription(s)
  • 2 Acadeic References
  • Proof of IELTS/TOEFL English Language Test (if available)
  • Personal Statement that includes a summary of your reasons for applying for this project and how your skills and knowledge equip you for it (500 word max)

Selection will be made on the basis of academic merit.  Successful applicatn should have a first or a second upper class degree (or equivalent) in Economics or Finance along with a good quantitative background and knowledge of basic statistical tools.  Strong analytic skills and some programming ability would be advantageous.  A knowledge of the energy sector is desired but not required.

For further details of the PhD project, and an informal discussion, please contact Dr Olga Klinkowska ( For any other questions, please contact the Graduate School Administer, Anne-Marie Johnston (

Closing date for applications: 6th June 2014.

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