A PhD at Cass
As a PhD student you want to perform research in a world-class business school and environment. That's exactly what we offer at Cass, where research is fundamental to the School's strategy, objectives and reputation.
This deep commitment to research extends across our three faculties, Management, Finance, and Actuarial Science. All three faculties apply the highest standards to a comprehensive array of research centres and academic and practitioner-oriented research seminars.
The City of London is just minutes away, so you benefit from unrivalled access to real-world experience and knowledge. Indeed, it is our close links to the City that has enabled Cass to emerge as the intellectual hub for the City of London.
A high-ranking reputation
The Faculty of Finance has research expertise across a broad range of finance areas:
Arthur Kraft, Fu R. Kraft, A., Zhang, H. (2012), 'Financial reporting frequency, information asymmetry, and the cost of equity', Journal of Accounting and Economics, 54(2/3), p. 132-149; [Peer Reviewed]
Rick Johnston, Operating Leases and Credit Assessments. (J. Altamuro, R. Johnston, S. Pandit and H. Zhang). Contemporary Accounting Research 31 (2) 2014 pp. 551-580
Rick Johnston, Sell-side debt analysts and debt market efficiency. (U. Gurun, R. Johnston and S. Markov). Forthcoming Management Science
Pawel Bilinski (with J Ohlsen) 'Risk vs. Anomaly: A New Methodology Applied to Accruals', The Accounting Review
Asset Pricing and Financial Markets
Alessandro Beber (with Michael Brandt and Maurizio Luisi), 'Distilling the Macroeconomic News Flow', Journal of Financial Economics
Giovanni Cespa (with Foucault, T.), 'Sale of Price Information by Exchanges: Does it Promote Price Discovery?', Management Science
Giovanni Cespa (with Foucault, T.), 'Illiquidity contagion and liquidity crashes', Review of Financial Studies
Gianluca Fusai (with Sesana D., Marazzina, D.), 'Pricing exotic derivatives exploiting structure', European Journal of Operations Research
Simon Hayley, 'Hindsight Effects in Dollar-Weighted Returns', Journal of Financial and Quantitative Analysis
Papapostolou N.C, Nomikos N.K. Pouliasis P.K, Kyriakou I. (2014), 'Investor Sentiment for Real Assets: The Case of Dry-Bulk Shipping Market', Review of Finance 18(4),p. 1507-1539
Maik Schmeling (with Rangvid J., and A. Schrimpf), 'Dividend predictability around the world', Journal of Financial and Quantitative Analysis
Banking and International Finance
Thorsten Beck (with Chen Lin and Yue Ma), 'Why Do Firms Evade Taxes? The Role of Credit Information Sharing and Banking Sector Outreach', Journal of Finance
Max Bruche (with G Llobet), 'Preventing Zombie Lending', Review of Financial Studies
Jose-Luis Peydro (with Gabriel J., Ongena, S., Saurina, J.), 'Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk-Taking? ', Econometrica
Jose-Luis Peydro (with Rajkamal I., da-Rocha-Lopes, S., Schoar, A.), 'Interbank Liquidity Crunch and the Firm Credit Crunch: Evidence from the 2007-2009 Crisis', Review of Financial Studies
Lucio Sarno and Maik Schmeling ' Which Fundamentals Drive Exchange Rates? A Cross-Sectional Perspective', Journal of Money, Credit and Banking
Giacinta Cestone 'Venture Capital Meets Contract Theory: Risky Claims or Formal Control?', Review of Finance
Daniela Fabbri (with L. Klapper), 'Bargaining Power and Trade Credit', Journal of Corporate Finance
Sonia Falconieri (with Calcagno R.), 'Competition and dynamics of takeover contests', Journal of Corporate Finance
Andrei Golubov (with Yawson A. and Zhang H.), 'Extraordinary acquirers', Journal of Financial Economics
Enrique Schroth (with Albuquerque R.), 'The Value of Control and the Costs of Illiquidity', Journal of Finance
Enrique Schroth (with Suarez, G. and Taylor, L.), ' Dynamic debt runs and financial fragility: Evidence from the 2007 ABCP crisis', Journal of Financial Economics
Paolo Volpin, (with P, Simintzi, E, and Vig, V.) "Labor Protection and Leverage" Review of Financial Studies
David Blake (with T. Caulfield, C. Ioannidis and I. Tonks), 'Improved Inference in the Evaluation of Mutual Fund Performance using Panel Bootstrap Methods', Journal of Econometrics
Lorenzo Trapani (with Castagnetti, C., Rossi, E.), 'Inference on Factor Structures in Heterogeneous Panels', Journal of Econometrics
Giovanni Urga (with Khalaf L.), 'Identification Robust Inference in Cointegrating Regressions', Journal of Econometrics
The faculty of Management also has broad expertise in areas such as Strategy, Entrepreneurship, Marketing, Organizational Behaviour, Operations Management, Innovation, Corporate Social Responsibility and Information Management.
The Management publication-highlights (published or forthcoming in 2014 only - post REF) include:
Strategy, Innovation, Corporate governance:
Igor Filatotchev's paper 'Corporate Governance and Investors' Perceptions of Foreign IPO Value: An Institutional Perspective' in the Academy of Management Journal
Paula Jarzabkowski's paper 'Reinsurance Trading in Lloyd's of London: Balancing conflicting-yet-complementary logics in practice' in the Academy of Management Journal
Davide Ravasi's paper 'How early implementations influence later adoptions of innovation: social positioning and skill reproduction in the diffusion of robotic surgery' in the Academy of Management Journal
Paula Jarzabkowski's paper 'Strategy tools-in-use: A framework for understanding "technologies of rationaility" in practice', in the Strategic Management Journal
Elena Novelli's paper 'An Examination of the Antecedents and Implications of Patent Scope' in Research Policy
Igor Filatotchev's paper 'International experience and FDI location choices of Chinese firms: The moderating effects of home country government support and host country institutions' in the Journal of International Business Studies
Organizational Theory and Behaviour:
Santi Furnari's paper 'Interstitial Spaces: Micro-Interaction Settings and the Genesis of New Practices between Institutional Fields' in the Academy of Management Review
Peter Fleming's and Andre Spicer's paper 'Power in Management and Organization Science' in the Academy of Management Annals
Cliff Oswick's paper 'Discourses of Diversity, Equality and Inclusion : Trenchant Formulations or Transient Fashions?' in the British Journal of Management
Paula Jarzabkowski's, Rebecca Bednarek's and Laure Cabantous's paper titled 'Conducting global team-based ethnography: Methodological challenges and reflections'', in Human Relations
Amanda Goodall's paper 'Expert Leaders in a Fast Moving Environment' in Leadership Quarterly
Jo Silvester's paper 'Reflecting on the labyrinth: Investigating Black and Minority Ethnic (BME) Leaders' Career Experiences Using Template Analysis ' in Human Relations.
Harry Scarbrough's paper 'Coordinating Expertise Across Knowledge Boundaries in Offshore-Outsourcing Projects: The Role of Codification' in MIS Quarterly.
Corporate Social Responsibility:
Sebastien Mena's paper 'Activism for corporate responsibility: Conceptualizing private regulation opportunity structures' in the Journal of Management Studies
Jean Pascal Gond's paper 'The visible hands of consultants in the construction of the markets for virtue: Translating issues, negotiating boundaries and enacting responsive regulations' in Human Relations
Marketing and Social Psychology:
Irene Scopelliti's paper 'Bias Blind Spot. Structure, Measurement, and Consequences.' in Management Science
George Balabanis's paper 'Emergent Marketing Strategies and Performance: The Effects of Market Uncertainty and Strategic Feedback Systems' in the British Journal of Management
Thorsten Hennig-Thurau paper 'The importance of reciprocal spillover effects for the valuation of bestseller brands: introducing and testing contingency model' in the Journal of the Academy of Marketing Science
Vince Mitchell's paper, The Role of Imagination and Brand Personification in Brand Relationships' in Pyschology and Marketing
Chris Storey's paper 'Mixing communication modes for learning & proficiency during new service development' in R&D Management
Thorsten Hennig-Thurau and Caroline Wiertz's paper 'Does Twitter Matter? An Investigation of the Impact of Microblogging Word-of-Mouth on Consumers Early Adoption of New Products' in the Journal of the Academy of Marketing Science
Caroiline Wiertz's paper 'Exploring Consumptive Moments of Value-Creating Practice in Online Community' in Psychology and Marketing.
Susan Hill's paper 'Ambidexterity and survival in corporate venture units' in the Journal of Management
Charles Baden-Fuller's and Sam Kamuriwo's paper 'Sparrow Therapeutics Exit Strategy', in Entrepreneurship Theory and Practice
Sam Kamuriwo's paper 'Venture Capital Contracting in Theory and Practice: Implications for Entrepreneurial Research' in Entrepreneurship Theory and Practice
Costas Andriopoulos's paper 'Paradoxical leadership to enable strategic agility in, California Management Review
Vangelis Souitaris's and Stefania Zerbinati's S. paper 'How do Corporate Venture Capitalists do Deals? An Exploration of Corporate Investment Practices' in Strategic Entrepreneurship Journal
Mohan Sodhi's paper 'Research opportunities in supply chains with the poor as suppliers or distributors' in Production and Operations Management
Mohan Sodhi's paper 'Reducing the risk of supply chain 'Reducing the risk of supply chain disruptions' in Sloan Management Review.
Mohan Sodhi's paper ' Buttressing supply chains for flood relief in Asia for humanitarian relief and economic recovery' in Production and Operations Management
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Rigorous, stimulating and international
Within this context, we offer a combination of rigorous PhD-level training, supervised by leading researchers in the field. As a consequence of this excellence, over 100 Alumni PhDs have entered top business schools and leading commercial organisations worldwide.
Crucially, our research activity brings together a wide variety of international staff and students. This diverse range of experience and background creates a uniquely stimulating environment.