Cranfield School of Management has been a world leader in management research and education for over 50 years. We are recognised as a leading centre of excellence for research and teaching in finance and accounting, and are seeking to further strengthen this. Our Finance and Management MSc programme is currently ranked 6th in the UK by the Financial Times Masters in Finance Pre-experience ranking 2018 amongst the top finance Master’s programmes worldwide. There is a thriving research culture in the Finance and Accounting group. As a doctoral student, you will work closely with faculty members and be encouraged to think creatively. The School offers specialist courses to build your theoretical and technical skills, and equip you with the tools to carry out high quality theoretical and empirical research.

Research Areas

Faculty and doctoral students are engaged in a wide range of research areas including:

1) Issues in Corporate Finance and Governance

The PhD in this field blends corporate finance, governance and banking and is ideally suited to individuals interested in careers both in academia and in practice.

We welcome research in any area of the following topics:

  • Financial policy and restructuring
  • Cash holdings and dividend policy
  • Initial public offerings
  • Executive compensation
  • Small business finance
  • Financial stability, bank regulation, supervision, and deposit insurance
  • Valuation, performance, competition and efficiency
  • Risk management and corporate governance

Supervisors: Professor Yacine Belghitar and Dr Nemanja Radic

Application Details: The PhD candidate should hold a minimum 2.1 class undergraduate degree in a related discipline and have passed, or be expected to have passed by autumn, a Master’s degree or equivalent research experience in a work setting. See admission and English language requirements.

Deadline: Expressions of interest alongside a CV are invited via email to yacine.belghitar@cranfield.ac.uk and n.radic@cranfield.ac.uk


2) International Finance and Investments

We welcome research in any area of the following topics:

  • Emerging markets
  • International Finance
  • International portfolio investments
  • Corporate governance and firm performance
  • Diversity of corporate boards
  • Macro-economy and stock markets 
  • Derivatives and stock markets
  • Modelling returns, volatility, and comovements  
  • Impact of regulation on stock returns and firm performance
  • Behavioural finance
  • Market microstructure studies

Supervisors: Professor Sunil Poshakwale and Dr Vineet Agarwal

Application Details: The PhD candidate should hold a minimum 2.1 class undergraduate degree in a related discipline and have passed, or be expected to have passed by autumn, a Master’s degree or equivalent research experience in a work setting. See admission and English language requirements.

Deadline: Expressions of interest alongside a CV are invited via email to sunil.poshakwale@cranfield.ac.uk and vineet.agarwal@cranfield.ac.uk