Prof Stuart Hyde

Professor of Finance

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Prospective PhD Students

Prospective students

I welcome applications from prospective PhD students interested in researching issues dealing with topics within my current research areas.

I am available to supervise high calibre PhD students and encourage applications from those with a keen interest in any research area that overlaps with my own research interests. E.g. asset pricing, return predictability, market microstructure, nonlinearity, volatility, correlation, contagion and financial crises. More specifically, current and future topics would include:

  •     Market Microstructure: Issues of price discovery, trade intensity and trading behaviour. 
  •     Asset pricing and return predictability: Understanding emerging/developing markets, new assets and markets (e.g. cryptocurrency, green finance, climate change). 
  •     International Finance: In addition to the consideration of market microstructure and asset pricing in international makets: issues of integration, correlation and comovement, contagion and financial crisis. 

Applicants should have a first class/upper second class undergraduate degree and a distinction performance (>=70%) at Masters level.
Applicants should have a good background in Financial Econometrics and knowledge of software packages such as Matlab, Stata, R is an advantage.

Please contact me informally via email if you wish to discuss potential supervision.

Please note: Details of available funding are provided on the AMBS funding page. The funding round usually takes place in February/March and early applications are encouraged.
Applications for the PhD programme at AMBS are available from here.


PhD Finance Training Programme

The first year training programme in Finance consists of the following courses:

  •     Advanced Finance Theory
  •     Advanced Corporate Finance
  •     Finance Research Seminar
  •     Techniques Electives / Additional Research Training

In addition to two core courses in each semester, students can take an elective course from a wide range of courses in Economics, Maths and Finance. Students are also required to complete training in software (e.g. Matlab, R, STATA) and relevant databases and a pilot Research paper.

Current and Previous PhD and DBA Students

Current students

  •    Tianzong Wang -- Market microstructure
  •    Nouf Ben Dahmash -- International asset pricing
  •    Francisco Pinto Avalos -- International finance
  •    Samia Marium -- International finance
  •    Mohammad Dheghani -- International finance 
  •    Yu Shi -- Trading halts in China

Previous Students

  •     Craig Geoffrey - 2021 - Three Empirical Studies on the Measurement of Information Impounding in Stock Prices (currently Assistant Professor, Rotman School of Management)
  •     Lavinia Rognone - 2021 - Essays in empirical finance: News sentiment in cryptocurrency, the value of noise timing, and the pricing of climate change risks (currently Post-Doc Researcher, Alliance Manchester Business School)
  •     Nestor Romero Navarro - 2020 - Essays on the effect of capital inflows under capital market
    imperfections in global financial markets
  •     Weiping Qin - 2019 - Measuring market integration during periods of crisis and contagion
  •     Efthymios Rizopoulos - 2019 - Essays in market microstructure invariance
  • Liu Liu - 2017 - Essays in asset pricing (currently Assistant Professor,  University of Nottingham, Ningbo)
  •     Ngoc Quynh Anh Nguyen - 2014 - A study of asset comovement, integration and contagion in country, style and industry portfolios
  •     Iljin Sung - 2014 - Empirical estimation of market microstructure models with latent variables
  •     Adeola Deji-olowe - 2013 - Essays on investor trading activity in a limit order market (currently Head, Group Asset and Liability Management at Access Bank Plc)
  •     Ike Johnson (British Commonwealth Scholar) - 2010 - Essays on the  microstructure of the market pre-opening period (currently Assistant Vice President, Scotia Investments Jamaica)
  • Martin Lozano Banda (Marie Curie Visiting Research Fellow, Universidad del Pais Vasco) - 2010 - Essays on estimating and testing asset pricing models
  •     Lavern McFarlane (British Commonwealth Scholar) - 2009 - Essays on the role of time, volume and volatility in futures market microstructure: Evidence from the Mexican Derivatives Exchange (currently Bank of Jamaica)
  • Stig Vinther Møller (Marie Curie Visiting Research Fellow, Aarhus School of Business) - 2008 - Habit persistence, consumption based asset pricing, and time-varying expected returns (currently Professor Aarhus University)
  •     Mazen Najjar (ORS Scholar) - 2007 - The relationship between stock returns and the macroeconomy: International evidence using linear and nonlinear models of open and closed economy systems (currently McKinsey & Co)
  •     Jose Varas - 2006 - Explaining the behaviour of Latin American stock returns (currently Moodys)
  •     James Yang - 2005 - Market segmentation and cross-border listings: Evidence from China (currently Head of Global Markets Everbright Securities)
  • Mohamed Sherif - 2005 - Consumption asset pricing models: Empirical evidence from the UK (currently Associate Professor of Finance, Heriot Watt University)