Specialisation
Finance
Description | Course requirement
The PhD programme in finance looks for talented individuals interested in excelling in financial research. Our objective is to prepare such candidates for top careers in academia, financial institutions and government. Faculty members have been selected due to their active involvement in cutting-edge financial research and their readiness to provide expert guidance to any candidate ready for the challenge. Research by our academic staff have been published in the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Business, Journal of Portfolio Management, Journal of Futures Markets, Review of Economics and Statistics, Financial Management, Journal of Banking and Finance, Pacific Basin Finance Journal, Review of Quantitative Finance and Accounting, Journal of International Money and Finance, Journal of Financial Research, Journal of Business Finance and Accounting, Financial Review and other international journals.
Based on a recent survey of 170 finance departments in the Asia-Pacific region, we are ranked third in terms of number of publications in 21 finance journals during the period 2000 to 2004. Our faculty members hail from more than 10 different countries including China, India, U.S. and Germany. The Division sponsors regular faculty seminars and quality research is strongly supported. We subscribe to a comprehensive range of financial databases and information services. Our faculty members are active in a variety of research issues of corporate finance, investments, financial engineering and risk management, market microstructure, Asian financial markets, and others.
Currently, the areas of financial research interest include asset pricing, banking and monetary systems, bank performance and supervision, corporate governance, Initial Public Offerings (IPO) and Seasoned Equity Offerings (SEO), share repurchase, bank insurance, international finance and investments, mutual funds, term structure, bonds and other fixed income securities, risk management, foreign exchange markets, futures and options markets, stock markets, portfolio management, market microstructure, and international financial markets.
The Division of Banking and Finance, together with the Centre for Research in Financial Services (CREFS), regularly sponsors seminars that discuss issues in current financial research. Our faculty and doctoral students are encouraged to present their research during these forums. Speakers are often invited from U.S. and other regional universities. These seminars provide an essential ingredient for PhD students who are encouraged to attend and to participate. We also subscribe to a large number of data bases, including CRSP, Compustat (Globalvantage), PACAP, Datastream, SDC Platinum, CDA/Spectrum, Investest, Lexis-Nexis, and many others. Real-time data are available through our Reuters and Bloomberg terminals. The school also provides financial support to our doctoral candidates for participating in premier international conferences.
The desired undergraduate training for doctoral candidates in Finance is in a quantitative discipline. Preferences may be given to applicants who have had some background knowledge in economics, mathematics and basic accounting. Courses that doctoral students undergo include Research Methods in Finance, Empirical Research in Finance, Derivative Securities, Financial Time Series Analysis, Contemporary Issues in Finance, Financial Mathematics, Financial Econometrics, Microeconomics, Linear Financial Models, Applied Regression Theory and Statistical Methods, to name a few.