Specialising in applied finance, particularly corporate finance and governance and with significant expertise in asset pricing, financial economics and banking.

Study Information

At a Glance

Degree Qualification

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The PhD programme provides an opportunity to undertake original research into a wide variety of areas. The department has a lively team of academic staff, with their own individual research topic areas. Our research aims to improve the understanding of today’s business and policy implications. The finance staff is engaged with practitioners and academic institutions within the UK and abroad.

Our PhD program is aimed at those who wish to become experts in a specialised finance field. Our purpose is to involve PhD students in our areas of expertise, providing them with a strong setting in which to pursue their research, and encouraging and helping with publication. As a research graduate, you will be equipped to design and conduct high-quality research and encourage to present your work both within the department and at international conferences. To support research and teaching, the group benefits from database subscriptions, including Datastream, Thomson ONE banker and Bloomberg.

In the first year, students are normally encouraged to study several chosen courses in applied finance which will develop their quantitative and qualitative research skills as well as their knowledge of the finance research literature and methodologies. An appropriate programme of study is developed for each student in consultation with the candidate’s supervisor.

Our Research

The Finance group research themes focus on:

  • Financial economics, corporate finance & corporate governance
  • Asset pricing & applied financial econometrics
  • Banking & financial institutions
  • Financial technology & applied mathematics

Research Interests

Corporate Finance & Financial Economics

To explore capital structure decisions under capital market imperfections. Specifically, issues related to capital structure and firm behaviour. The examination of dividend policy, corporate governance, financial development, financial distress and bankruptcy.

Experts: Professor Gerhard Kling, Dr Filipa Da Silva Fernandes, Dr Daniel Gyimah, Dr Laura McCann, Dr Huong Vu, Dr Seungho Lee, Dr Fotios Papadimitriou, Dr Yaodong Liu

More information about the team

Asset Pricing, Capital Markets and applied financial econometrics

To undertake research in empirical testing of asset pricing models. This could cover topics such as time-series properties of asset returns (i.e. predictability, volatility), cross-sectional properties of asset returns (i.e. CAPM, factor models) and the pricing of equity index derivative securities financial frictions on asset markets.

Experts: Professor Angela Black, Dr Fotios Papadimitriou

More information about the experts

Entry Requirements

The applicants of our research degree should usually possess a good Master’s degree (or overseas equivalent), with a significant component in the finance area.

Your proposed research topic should be in an area in which supervision can be offered. As such, the potential candidate may find it helpful to consider the current research interest of our staff before submitting an application.

Required documentation

Applicants should submit:

  • Transcripts/degree certificate
  • Two references
  • A research proposal (3,000 words maximum)
  • CV
  • Name of potential supervisor

View Details of our current staff and their research interests

If English is not your first language you must also show evidence of attaining standards in English. Details of English language criteria.

International Applicants


PhD graduates in Finance can work in government departments, central banks, a variety of financial institutions and multinational corporations. At the Business school many of our PhD graduates also go on to forge successful academic careers in other top Universities.

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Contact Details

Business School
University of Aberdeen
Edward Wright Building
Dunbar Street
AB24 3QY