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Accountancy and Corporate Governance

The Accountancy and Corporate Governance researchers issues related to Accounting and or Finance with an additional special interest in topics of joint interest such as financial statement relevance, asymmetric information and corporate governance.

The main areas of interest include but are not limited to:

  • Corporate Governance
    Corporate Governance refers to the system of rules, practices, and procedures by which an organisation is directed and controlled.
  • Quality of Financial Reporting
    The quality of financial reporting is determined by the quality of information that is useful to stakeholders in assessing companies' performance and prospects. The quality of financial reporting is also associated with various topics in corporate governance and corporate finance.
  • Corporate Finance
    Corporate finance deals with sources of funding, the capital structure of corporations and the decision choices made with reference to the techniques of finance as to when and where to invest in assets. The primary goal of corporate finance is to maximize or increase shareholder value while the primary goal of investment is to purchase financial assets to create future wealth.
  • Financial Management and investments 
    Financial Management refers to the planning, organizing, directing and controlling the financial activities such as planning, forecasting, procurement and utilization of funds of the enterprise. Financial management can be seen as the topic area that directly links Corporate Finance and investments.

All of these areas are related because in the heart of all these topic areas is the corporate form of organisation which is, in effect, a money machine that transforms investments today into future income. Therefore studies in one topic often have important implications for another topic area.

Group members

Dr Woo-Young Kang Dr Woo-Young Kang
Email Dr Woo-Young Kang Lecturer in Finance
Woo-Young Kang is a Lecturer in Finance at Ã÷ÐÇ°ËØÔ since 2017 when he completed his PhD in Finance at Cranfield School of Management in the UK. He is also a graduate of Boston University (BA Economics, 2006; MSc Mathematical Finance, 2009) in US and Sogang University (MBA Finance, 2008) in South Korea with finance industry experience. He teaches Financial Markets and Fintech and Digital Banking for the undergraduate and graduate levels, respectively. His research areas are in Asset Pricing, Banking and Financial Markets. He has published his research in leading international peer-reviewed journals, including the Journal of Banking and Finance, the Review of Quantitative Finance and Accounting, the Journal of International Financial Markets, Institutions and Money, and the Finance Research Letters. His research are being presented at leading academic conferences, such as the meetings of the Southern Finance Association, the Eastern Finance Association and the Southwestern Finance Association. Asset Pricing Banking Fintech (Cryptocurrency) Financial Markets EC1603 Financial Markets EC5622 Fintech and Digital Banking EC5609 Global Financial Markets ( – 2023)
Miss Dilruba Karim Miss Dilruba Karim
Email Miss Dilruba Karim Senior Lecturer in Economics and Finance
Since completion of my PhD I have been employed as a lecturer at Ã÷ÐÇ°ËØÔ with a focus on research into banking crises. I am also a visiting researcher at the National Institute of Economic and Social Research. I have collaborated on research for the Financial Services Authority, EU Commission, and HM Treasury. Qualifications: PhD Economics (Ã÷ÐÇ°ËØÔ University) BSc Economics (Ã÷ÐÇ°ËØÔ University) My research focuses on the prediction of banking crises and their economic impacts. I am interested in Early Warning System design and how policy makers can use such models to avert the costs of crises. In conjunction, my work covers financial regulation and its associated costs. I have examined banking systems in the OECD, Latin America, Caribbean and Asia. Recently my focus has turned to the role of domestic credit in crisis evolution. Early Warning Systems Banking Crises Financial Regulation Undergraduate Programmes Module convenor Macroeconomic Principles (Yr 1) Module contributor Dissertation Module (Yr 3) Postgraduate Programmes Module convenor MSc Banking Module contributor Business Finance Workshop Administration Clearing Admissions Tutor Recruitment and Admissions Committee (RAC) member
Dr Aris Kartsaklas Dr Aris Kartsaklas
Email Dr Aris Kartsaklas Senior Lecturer in Economics & Finance
Aris joined Ã÷ÐÇ°ËØÔ University as a Lecturer in January 2011. He was previously a Lecturer of Financial Economics at the School of Economics and Finance, Queen Mary University of London. At the end of 2008, Aris completed his PhD in Applied Market Microstructure from the University of York, UK. Qualifications: PhD Economics (University of York) MSc Banking and Finance (Loughborough University) BSc Accounting and Finance (Middlesex University) Aris is working on modelling the joint distribution of asset returns and trading volume implied by various market microstructure theoretical frameworks. He is also working on the economic and financial forecasting in the presence of structural breaks and long memory. Financial econometrics and forecasting Market microstructure and asset pricing Applied macroeconomics Undergraduate Programmes Module convenor Financial Accounting (Year 3) Postgraduate Programmes Module convenor Financial Analysis Module contributor Introduction to Quantitative Methods Administration EU / Overseas Undergraduate Admissions
Dr Siming Liu Dr Siming Liu
Email Dr Siming Liu Senior Lecturer
I joined Ã÷ÐÇ°ËØÔ University in 2013 as a Lecturer in Finance and Accounting and was promoted to Senior Lecturer in 2019. My primary research interests lie in accounting, finance, and health economics. I have published in leading 4* journals in the field of health economics. The core impact of my accounting research is its potential to shape accounting policies for SMEs. This work has gained recognition, with citations in esteemed 3* journals, public policy papers, and presentations at practitioners’ conferences, highlighting its relevance and influence in both academic and practical contexts. My research also focuses on market-based accounting, particularly examining how financial markets respond to accounting information. Over the years, I have developed and delivered a variety of undergraduate and postgraduate modules and led in designing the BSc Accountancy programme. Before joining academia, I qualified as an ACCA-certified accountant and gained valuable industry experience as an auditor at KPMG. My professional background and experiences allow me to bridge the gap between theory and practice. Determinants and consequences of financial reporting quality Accounting regulations and financial reporting of SMEs Corporate culture Insider trading Strategic flexibility Cost structure and cost stickiness Health-related quality of life I have actively engaged in research activities by publishing papers in internationally recognised journals, attending conferences and applying for grants. My main research areas concern accounting, finance and health economics. I have published in 4* journals in health economics. The contribution and impact of my accounting research is to inform the future accounting policy for different groups of firms. The research output has been cited by various 3* journals, public policy papers and practitioners’ conferences. I currently lead two postgraduate modules and have previously taught on several modules. I have always achieved high satisfaction rates in teaching evaluations and this is re-enforced by positive student feedback. My teaching innovations have enabled me to improve student assessment and feedback methods. These have been extremely well-received by students.
Dr Tomoe Moore Dr Tomoe Moore
Email Dr Tomoe Moore Honorary Senior Lecturer
Dr. Tomoe Moore joined Ã÷ÐÇ°ËØÔ University in September 2007. She obtained a Distinction in her MSc from Loughborough University and her Ph.D was funded by the DFID ‘Finance and Development’ program. Previously, she taught at Coventry University, whilst she was a visiting lecturer at Loughborough University. She was engaged with the African Development Bank as a consultant by running seminars on poverty-reduction monetary policy for Central Banks and Ministry of Finance in Easten African countries. Among others, she was invited for a flow of funds workshop as a speaker by the Massachusettse Institute of Technology. Her publication includes such leading international journals as Economica, World Development, Economic Development and Cultural Change, Journal of Comparative Economics, Journal of Development Studies and Journal of Banking and Finance. Qualifications: PhD Economics and Finance (Loughborough) MSc Economics and Finance (Loughborough) BSc Economics (Loughborough) My research interest ranges from macroeconomics to finance in the context of emerging and developing economies. In macroeconomics, I am, in particular, interested in a flow of funds analysis in a general equilibrium framework, and monetary policy for developing economies. Recently, I have been engaged in researching the banking sector and its market structure in relation to profitability and competition. . Emerging financial markets Applied macroeconomics in emerging and developing countries Global finance Banking sector in emerging economies Postgraduate Programmes Module convenor Quantitative Methods for Business Finance (MSc Business Finance) Bank regulation and macro-prudential policy (MSc Banking and Finance) Administration Director of Postgraduate Research
Dr Russ Moro Dr Russ Moro
Email Dr Russ Moro Lecturer in Economics and Finance
I completed my PhD at Humboldt University in 2007 and currently hold a position of a Lecturer in Economics and Finance at Ã÷ÐÇ°ËØÔ since 2009. Qualifications: PhD Economics MSc Economics and MSc Statistics My research focuses on the following areas: Company rating, risk evaluation, bankruptcy analysis, robust event forecasting; Decision making under bounded rationality, behavioural finance, estimation of preferences and risk perception, neuroeconomics; The propagation of shocks, macroeconomic analysis in frequency domain; Non-parametric and semi-parametric statistical techniques esp. support vector machines, ensemble methods, boosting. Credit risk and company credit rating Behavioural finance and neuroeconomics Innovation and company performance Non- and semi-parametric methods Undergraduate Programmes Module convenor Advanced Topics in Finance Statistics Postgraduate Programmes Module contributor SecurityInvestment Analysis Money and Banking Administration Data and software support, including Bloomberg training Library liaison Dept research seminar organisation Web support
Dr Sheehan Rahman Dr Sheehan Rahman I joined the Economics and Finance Department at Ã÷ÐÇ°ËØÔ as Lecturer in Accounting in August 2017. Prior to this, I completed my PhD in Accounting and Finance from Alliance Manchester Business School, The University of Manchester (in 2017) and MSc in International Accounting and Finance from Birmingham Business School, The University of Birmingham (in 2010). My current research interest includes textual analysis of UK trading updates and interim management statements. Corporate financial reporting Textual analysis Accounting narratives Market-based accounting research AF2603 Ethics in Accountancy [2020 - Present] AF2604 Research Methods in Accounting and Finance [2023 - Present] AF3608 Advanced Financial Reporting [2017 - 2021] EC5601 International Accounting Standards and Policy [2017 - Present]
Dr Jessica Wang Dr Jessica Wang
Email Dr Jessica Wang Lecturer in Finance
Prior to joining Ã÷ÐÇ°ËØÔ, Dr Wang held various positions in Accounting, Finance and Economics in Nottingham Trent University, Richmond The American University in London and University of East Anglia, where she taught Financial Risk Management, Corporate Finance, Investments, and Financial Modeling. Dr Wang's primary research interests lie in behavioural finance, with focus on investor attention and sentiment. She has been working on various projects, including investor decision-making mechanisms in determining the asset prices and market performances; cross-border mergers and acquisitions and banking efficiency; commodity sentiment. Dr Wang holds a dual degree BBA (1st) in Business Administration with specialisation in Accounting and Finance, and BA (1st) in English Literature, an MSc (Merit) in International Accounting and Financial Management, and a PhD in Finance. Investors attention and sentiment Behavioural Finance Behavioural Economics and Finance
Professor James Steeley Professor James Steeley
Email Professor James Steeley Honorary Professor - Economics and Finance
I joined Ã÷ÐÇ°ËØÔ University Department of Economics and Finance in March 2020 as Professor of Finance, and have been Head of Department since January 2021. Prior to this I was Professor of Finance at Keele University. Before that I was the Lloyds Bank Chair and Professor of Finance at Aston Business School and before that I was Professor of Finance at the University of Stirling. Earlier in my career, I held academic positions at Cardiff Business School and Keele University. During the mid- 1990s I worked for the Bank of England, where I managed a research team developing techniques to interpret financial market prices for use in monetary policy advice, and techniques to improve the pricing of UK government debt issues. I have spent prolonged periods of time as a visitor to many other universities, including the Financial Markets Group at the London School of Economics, the Isaac Newton Institute of Mathematical Sciences at Cambridge University, the Technical University of Ostrava in the Czech Republic, Washington University in St. Louis, Colorado State University in Fort Collins, Kent State University in Ohio and the University of Central Florida in Orlando. My research has been published in leading academic journals in Finance and Economics, including the Journal of Finance, the Journal of Financial and Quantitative Analysis, the Journal of Money, Credit and Banking, the Journal of Banking and Finance and the Journal of International Money and Finance. I have made presentations of my research at leading international conferences including the American Finance Association and the Royal Economic Society. My research has won awards from the Chicago Board of Trade and INQUIRE Europe, and been funded by the Leverhulme Trust. I am on the advisory editorial board of the academic journal Studies in Economics and Finance and on the editorial board of the International Journal of Behavioural Accounting and Finance. I am an academic affiliated member of the Chartered Institute of Securities and Investments and was on the founding editorial board of their research journal. I am a Senior Fellow of the Higher Education Academy. Among my former students I can count a professor of finance, a professor of economics and, Colin Dunne, the successor to Michael Flatley in Riverdance. My research is broadly in the areas of financial markets and investments. I have a long standing interest in the estimation and modelling of the interest rates implicit in UK government bonds prices, and in the modelling of the effects of exogenous and endogenous changes in the microstructure of this market. This work began with my PhD thesis that studied the 1986 “Big Bang” deregulation of UK financial markets (including the government bond market) and continues with my current work examining the effects of quantitative easing on the UK bond market and other financial markets. Aside from the focus on bond markets, I have also undertaken research on each of equity, futures and options markets, with a particular emphasis on the dynamic properties of the market prices and the information revealed by these dynamics. In recent years, my research in the area of market microstructure has grown in scope, looking at information aggregation, the measurement and pricing of liquidity and the effects of investor behaviours. I am not currently accepting applications from potential PhD students. AF3603 Financial Management (Term 2) - not in 2023/24
Dr Srivatsan Lakshminarayan Dr Srivatsan Lakshminarayan
Email Dr Srivatsan Lakshminarayan Senior Lecturer (Education) in Accountancy
I joined the Department of Economics and Finance in 2020. I have previously worked in the accounting profession, the financial services industry and the higher education sector in UK, India and (as visiting faculty) in Singapore. My work experience includes stints with member firms of the 'Big Four' accounting firms in India (Deloitte, EY), the second largest private sector bank in India (ICICI Bank), a US head-quartered global bank (JPMorganChase) across India and the UK, the School of Finance and Management at SOAS University of London, SPJIMR Business School (India) and SP Jain School of Global Management (Singapore). My industry experience includes positions of executive responsibility within corporate functions and the investment bank across a range of roles covering financial planning & control, product control, risk management, and internal audit. My accounting profession experience includes a range of responsibilities related to US and Indian GAAP assurance and compliance, information systems assurance and business process/risk consulting. In 2012, I moved out of the financial services industry into full-time academia. Since then, I have developed extensive expertise in building and delivering modules related to Introductory Financial Accounting, Financial Reporting, Management Accounting, Corporate Finance, Risk Management, Audit & Assurance, and Financial Statement Analysis on the BSc, MSc and MBA programs. I have taught at UG and PG levels across both environments - the standalone business school and the university affiliated school of finance/management. I am currently associated as a volunteer with the Global Professional Conduct Program of the CFA® Institute. I also serve as a volunteer on the Practice Analysis Working Body supporting the Education Advisory Committee of the CFA® Institute and have participated in the practice analysis process through surveys of current practice, reviewing proposed revisions to the Global Body of Investment Knowledge (GBIK®) and Candidate Body of Knowledge (CBOK®) related to the CFA® program. I am particularly interested in the domain of Financial Reporting and Analysis. I currently serve as a Visiting Examiner on several accounting modules at UG and PG levels, with the School of Finance and Management, SOAS University of London. My PhD thesis examined the due process related to the development of the IASB’s revised (2018) conceptual framework, internal coherence of the framework with new and amended International Financial Reporting Standards (IFRS), and framework consistency with established accounting principles such as stewardship, reliability and (in particular), asymmetric prudence. More broadly, my areas of research interest include: 1) Financial and corporate reporting 2) Conceptual frameworks of accounting, particularly IFRS 2) Standard-setting, particularly IFRS Publications: Lakshminarayan, S., 2021. Jurisprudence and the conceptual framework project: the enduring ideas of Scott, Spacek and Stamp. International Journal of Critical Accounting, 12(5), pp.444-464. Lakshminarayan, S., 2018. The 2018 Conceptual Framework for International Financial Reporting Standards: An Examination of Conservatism (Asymmetric Prudence) (Doctoral dissertation, SOAS University of London). Lakshminarayan, S., 2017. Market fundamentalism in the age of ‘haute finance': The enclosing of policy space in ‘emerging’India. Ephemera: Theory and Politics in Organization, 17(4), pp.849-865. Conference Papers: AFAANZ Accounting History Special Interest Group (2023) - 20th Accounting History Virtual Symposium: Unravelling ‘earning power’: A re-examination of the Trueblood Ã÷ÐÇ°ËØÔ Group (1973) recommendations British Accounting and Finance Association (BAFA) Audit Special Interest Group (2022) - Key Audit Matters: A critique of the IAASB's ISA 701 project Accounting and Finance Association of Australia and New Zealand (AFAANZ) Conference (2020) - The Introduction of Measurement Uncertainty in the IASB’s Revised Conceptual Framework: A Critical Evaluation - A Saha, S Lakshminarayan Modules currently taught: AF2601 - Management Accounting (L5, Year 2 - Module Leader - Spring Semester) AF3602 - Audit and Assurance (L6, Year 3 - Module Leader - Autumn and Spring Semesters) AF3607 - Applied Research in Accountancy (L6, Year 3) - co-supervisor, accountancy dissertations AF3608 - Advanced Financial Reporting (L6, Year 3 - Module Leader - Autumn Semester) Other Modules previously taught: AF3604 - Comparative and Contemporary Issues in Accountancy - Module Leader EC2555 - Work Placement Module (Economics and Finance) - Module Leader
Dr Alexandros Parginos Dr Alexandros Parginos
Email Dr Alexandros Parginos Lecturer in Accountancy
Corporate social responsibility and non-financial disclosures in the private sector, with special focus on the internal environment of companies and the application of interdisciplinary theories into the social accounting field. Social and Environmental Accounting and Sustainability AF3603 Financial Management (Term 1) AF3604 Comparative and Contemporary Issues in Accountancy (Term 2)
Dr Ekramy Sherif Dr Ekramy Sherif
Email Dr Ekramy Sherif Lecturer (Education) in Accountancy
I have joined Ã÷ÐÇ°ËØÔ on September 2021. Before this, I worked in several universities in Egypt and Lebanon. Risk Reporting Determinants Earnings Management Determinants IFRS Compliance and Consequences Interent Financial Reporting Determinants Corporate Governance and Firm Performance IFRS-based uncertainty expressions Determinants of Corporate Social Responsability Disclosure Module Leader AF0601 Introduction to Accounting and Finance for Business AF1603 Accountancy for Business AF3608 Advanced Financial Reporting AF3607 Accountancy Project Module Contribution EC5500 PG Dissertaion EC5613 Banking and Finance Workshops
Professor Nathan Joseph Professor Nathan Joseph
Email Professor Nathan Joseph Professor of Accounting and Finance
I am a Professor of Accounting and Finance at the Department of Economics and Finance, Ã÷ÐÇ°ËØÔ. I gained a PhD in Economics from the Faculty of Economics and Political Science, Imperial College London. I am a qualified accountant (ACMA) with work experience in London. I held senior academic positions at University of Manchester (Reader in Finance), Aston University (Professor of Finance) and the Centre for Financial and Corporate Integrity, Coventry University (Professor of Accounting and Finance). I was Head of the Finance Department subject-group and Director of Doctoral Studies at Aston Business School, Aston University. I have supervised to successful completion, a large number of PhD students in both Accounting and Finance at Manchester University and Aston University. I was Co-editor of the British Accounting Review for the period April 2013 to May 2021. During my tenure, the journal achieved a CiteScore of 7 and a rank of 7 in Accounting and Finance in 2021. The journal is also ranked in the top 2 or 3 among accounting journals. I was a member of the UK Research Excellence Framework (REF) in Business and Management Studies for the 2021 REF cycle. My research papers have appeared in leading academic journals.