Prof Michael Bowe

Professor

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Supervision information

Current PhD Students

Current Doctoral students and Research Area

  • Francisco Pinto Avalos (Alliance MBS GTA Scholarship), 2017-to date: Essays in Exchange Rate Predictability.
  • Lijie Yu (China Scholarship Council-University of Manchester Joint Doctoral Scholarship), 2018-to date: Financial Market Regulation, Hedge Funds and the Volcker Rule.
  • Abdul Alfarhoud (Alliance MBS GTA Sholarship), 2018-to date: The Market Quality implications of Dark Pool Trading Activity.

Former PhD Students

Former Doctoral students, Research Area and subsequent Employment (current position if known)

  • Nataliia Osina (Alliance MBS GTA Scholarship), 2015-2018: International Capital Flows and Macroprudential Oversight (currently on academic job market, 2018-19)
  • Efthymios Rizopoulos (University of Manchester President's Doctoral Scholar; ESRC DTC Scholar with Advanced Quantitative Methods enhancement), 2014-2018: Market Microstructure Invariance in the FTSE 100 (currently on academic job market, 2018-19)
  • Marcin Michalski (University of Manchester President's Doctoral Scholar; ESRC DTC Scholar with Advanced Quantitative Methods enhancement), 2014-2018: Macrofinancial Policies and Bank Regulations (Lecturer, University of Liverpool, UK)
  • Tinashe Bvirindi (Alliance MBS GTA Award), 2013-2017: Bank Loan Supply, Quantitative Easing and Corporate Bond Issuance (Lecturer, Coventry University, UK)
  • Haojun Chen, 2011-2016 (part-time): Three Essays in Financial Market Predictability (Financial Consultant, Toronto, Canada) DBA graduate
  • Iljin Sung (Alliance MBS GTA Award), 2010-2014: Empirical estimation of market microstructure models with latent variables (Postdoctoral researcher, Alliance MBS, UK)
  • Adeola Deji-Olowe (Alliance MBS GTA Award), 2009-2014: Investor class trades and price discovery (Head, Group Asset and Liability Management, Access Bank Plc, Nigeria)
  • Robert Suban, 2008-2014 (part-time): The Financing of MNE subsidiaries (Head, Department of Banking and Finance, University of Malta, Malta)
  • Waseem Larik (HEC Govt of Pakistan Scholar), 2008-2012: Determinants of split corporate credit ratings (Manager, Risk Modeling and Analytics, Bank of Montreal, Canada)
  • Ike Johnson (British Commonwealth Scholar), 2007-2010: Microstructure of the market pre-opening period (Assistant VP, Business Analytics and Product Development, Scotia Investments, Jamaica)
  • Asta Klimaviciene (EC Marie Curie Fellow), 2005-2009: Sovereign Credit Risk (Associate Professor, ISM Management School, Lithuania)
  • Lavern McFarlane (British Commonwealth Scholar), 2005-2008: The role of time in market microstructure models (Senior Economist, Central Bank of Jamaica, Jamaica)
  • Hande Ayadin, 2004-2008: Credit risk in Turkish banking (Departmental Assistant Chair, METU, Ankara, Turkey)
  • Yuliang Wu, 2003-2007: Market discipline in Chinese banking (Senior Lecturer, University of Bradford, UK)
  • Adrian Stokes (British Commonwealth Scholar), 2002-2005: Information transmission in international financial markets (Chief Strategist, Scotia Group, Jamaica)
  • Sougand Golesorkhi, 2000-2007 (part-time): International joint ventures (Senior Lecturer, Manchester Metropolitan University, UK)
  • Khelifa Mazouz, 2000-2003: Volatility transmission in financial markets (Professor of Finance, Cardiff University, UK)
  • Daniela Domuta (ORS Scholar), 1998-2001: Information transmission in international financial markets (Lecturer, Alliance MBS, University of Manchester, UK )
  • Marie Thérèse Camilleri-Gilson (ifs Scholar), 1998-2001: Exchange rate regimes (Senior Economist, IMF, Washington DC, USA)
  • Thina Saltvedt, 1996-2001: Exchange rate risk management (Senior Advisor, Sustainable Finance, Nordea Markets, Nordea Bank, Norway)
  • Stephanos Zarkos, 1996-1999: Essays in Real Options (Associate Professor, ALBA, Greece)
  • Nikolaos Mylonidis, (ESRC Scholar), 1996-1999: Essays in EU market integration (Associate Professor of Economics, University of Ioannina, Greece)
  • Joseph Ooi Thian Leong, (British Commonwealth Scholar), 1996-1999: Real estate finance (Professor of Real Estate Finance and Vice Dean (Academic), School of Design and Environment, National University of Singapore, Singapore)
  • Ralf Zurbrugg, 1995-1998: Volatility transmission in financial markets (Professor of Finance, University of Adelaide, Australia)

Prospective PhD Students

I welcome applications from high calibre, prospective PhD students who wish to explore issues dealing with topics relating to my current areas of research interest.
These areas include: market microstructure, analysis of information transmission across financial markets, international capital flows, and the imapct of macrofinancial and regulatory policy on financial market liquidity.
Applicants should have a first class or very high upper second class honours undergraduate degree and a distinction performance (≥ 70%) at Masters level in a closely related subject area.
Applicants should also have a strong background in Financial Econometrics. Practical experience with econometric and statistical software packages such as EViews, Stata, Matlab, Gauss, Python or R is an advantage.

Please contact me informally via email if you wish to discuss potential supervision. However, note that I am no longer accepting stduents for 2019 admission.

Application procedures for the PhD programme in Accounting and Finance at AMBS and details of available scholarship funding are provided on the AMBS PGR page. All funding allocation decisions are usually made between January and March each year. Please visit https://www.mbs.ac.uk/study/phd/

PhD Finance Training Programme

PhD Finance Training Programme
The first year doctoral training programme in Finance consists of the following courses:

Semester I
• BMAN80301 Advanced Finance Theory
• BMAN80281 Advanced Finance Research Seminar I
• Techniques Elective / Additional Research Training
Semester II
• BMAN80312 Advanced Corporate Finance
• BMAN80292 Advanced Finance Research Seminar II
• Techniques Elective / Additional Research Training
Semester I and II
• Pilot Research paper
 

Student Theses

  1. Bank Loan Supply, Quantitative Easing and Corporate Bond Issuance: Evidence from the UK

    Author: Bvirindi, T., 1 Aug 2018

    Supervisor: Bowe, M. (Supervisor) & Kostakis, A. (Supervisor)

    UoM administered thesis: Phd

  2. Three Essays on Financial Market Predictability

    Author: Chen, H., 1 Aug 2018

    Supervisor: Garrett, I. (Supervisor) & Bowe, M. (Supervisor)

    UoM administered thesis: Doctor of Business Administration

  3. Essays on Investor Trading Activity in a Limit Order Book Market

    Author: Deji-Olowe, A., 1 Aug 2014

    Supervisor: Hyde, S. (Supervisor), Bowe, M. (Supervisor) & Garrett, I. (Supervisor)

    UoM administered thesis: Phd

  4. Essays on the Microstructure of the Market Pre-opening Period

    Author: Johnson, I., 31 Dec 2010

    Supervisor: Bowe, M. (Supervisor) & Hyde, S. (Supervisor)

    UoM administered thesis: Phd

  5. Revealed Preference Differences Among Credit Rating Agencies

    Author: Larik, W., 31 Dec 2012

    Supervisor: Bowe, M. (Supervisor)

    UoM administered thesis: Phd

  6. Essays on International Capital Flows and Macroprudential Oversight

    Author: Osina, N., 31 Dec 2018

    Supervisor: Bowe, M. (Supervisor) & Kolokolova, O. (Supervisor)

    UoM administered thesis: Phd

  7. The financing of multinational subsidiaries

    Author: Suban, R., 1 Aug 2015

    Supervisor: Yamin, M. (Supervisor) & Bowe, M. (Supervisor)

    UoM administered thesis: Phd