PhD in Finance in United Kingdom

A Microeconomic Model of Opportunistic Financial Crimes: Prosecutorial Strategy When Firms Are Too Big To Jail

This research paper examines the challenges faced by prosecutors when dealing with corporate financial crimes, particularly when firms are deemed "Too Big To Jail" (TBTJ). It develops a new microeconomic model to analyze prosecutorial strategies in such scenarios. The paper argues that the TBTJ problem can reduce the deterrent effect of policies relying on large corporate fines. Furthermore, it suggests that TBTJ firms may not be incentivized to invest in internal controls and could even subsidize employee criminal activity. The research proposes that to counteract this, prosecutors should shift focus towards prosecuting individual managers, thereby increasing their personal risk for dishonest dealings.

Accounting and Finance - Research Degrees (MSc by Research, MPhil, PhD)

Abertay University offers research degrees in Accounting and Finance at the Master of Science by Research (MSc by Research), Master of Philosophy (MPhil), and Doctor of Philosophy (PhD) levels. These degrees are designed for individuals interested in conducting original, independent research under the guidance of expert academic supervisors. The research areas within the Accounting team focus on sustainability, oil and gas accounting, and corruption and governance. Potential research topics could explore financial reporting for environmental sustainability, the implications of oil and gas accounting practices, or the interdisciplinary study of corruption and organizational governance. Abertay's Graduate School provides a supportive, close-knit community for postgraduate researchers, offering tailored development programs to enhance research skills and prepare students for academic careers or roles within national and international energy sectors.

Accounting and Finance (OGAF) PhD

Accounting, Banking and Finance Postgraduate Research Degrees

The Albert Gubay Business School at Bangor University offers postgraduate research degrees in Accounting, Banking, and Finance. These programs are designed for graduates who wish to deepen their knowledge and expertise in these complex and ever-changing fields. The school emphasizes the importance of cutting-edge research to develop innovative solutions for contemporary business challenges. You will receive effective support and guidance from experienced staff, some of whom have industry, charity, and government experience, contributing to impactful research recognized in the Research Excellence Framework (REF) 2021. The school also offers opportunities for further professional development alongside your PhD, such as gaining a teaching qualification or a PGCert in Research Methodologies.

Nigel Groome Studentship: Dissecting the initial stages of basal body assembly in trypanosomes (PhD)

PhD with Integrated Study in Accounting

This PhD program with integrated study in Accounting provides comprehensive research training for doctoral candidates. You will delve into the applications of accounting in society, historical methods, and strategies used within the profession. The program is supported by a large and active Accounting and Finance subject group, comprising approximately 50 academic colleagues dedicated to high-quality teaching and research. During your first year, you will complete 180 credits of taught courses designed to equip you with the theoretical knowledge and research methodologies essential for conducting high-quality doctoral research. You will also have access to extensive database subscriptions to aid your research, and benefit from numerous professional and personal development opportunities throughout your studies. The program encourages students to present their work at prestigious conferences and aim for publication in academic journals.

PhD with Integrated Study in Finance

The PhD with Integrated Study in Finance programme provides advanced research training for students focusing on financial topics. You will develop a doctoral thesis based on original research, supported by academic experts in areas such as behavioural finance, asset pricing, corporate finance, and financial markets. The programme is part of a large Accounting and Finance subject group known for high-quality teaching and impactful research.

Rethinking the Role of the Law of Corporate Distress in the Twenty-First Century

This paper, originally published as an LSE Law, Society and Economy Working Paper, examines the evolving landscape of corporate distress. It proposes a new classification of this area of law, distinguishing between 'insolvency law' and 'restructuring law'. While the traditional view, as articulated by Thomas Jackson, emphasizes bankruptcy law's role in preventing individual creditors from seizing assets and thus maximizing overall returns, this paper argues that this perspective primarily applies to insolvency law. Restructuring law, on the other hand, is presented as a distinct mechanism focused on facilitating new agreements among stakeholders when a company's existing financial structure is no longer viable but the business itself has potential for continuation. The paper critiques the tendency in some legal systems to conflate these two distinct functions under a single umbrella term. It highlights that the UK legal system, until recently, had a clearer separation, with 'restructuring' emerging as a more defined field. By differentiating between insolvency and restructuring, the paper aims to provide a clearer understanding of how the law facilitates the efficient allocation of capital within the economy. The ultimate goal, for both branches of corporate distress law, is to promote economic growth.

Tax cuts for the wealthy: Debunking trickle-down economics

This research investigates the long-standing economic theory of 'trickle-down economics,' which posits that tax cuts for high earners stimulate economic growth by encouraging investment and job creation. However, an analysis of five decades of data across 18 wealthy nations reveals a different outcome. The study concludes that significant tax cuts for the wealthy primarily lead to increased wealth for those at the top, with no discernible positive impact on broader economic growth or unemployment rates. The research suggests that instead of stimulating investment, tax cuts for the rich can lead to increased 'rent-seeking' behaviour, where top executives and CEOs negotiate higher compensation at the expense of lower-paid workers. This challenges the fundamental assumption of trickle-down economics and highlights the contentious nature of tax policy debates, particularly in politically polarized environments. The findings suggest that public awareness of the actual impact of tax cuts on the wealthy could influence public support for such policies.