Professor Andrew Marshall

Accounting and Finance

Personal statement

Andrew Marshall is a Professor of Finance. He joined the department in 1991 as a research assistant after a spell in industry with KPMG.


The role of real options in the takeover premia in mergers and acquisitions
Barbopoulos Leonidas G, Cheng Louis TW, Cheng Yi , Marshall Andrew
International Review of Economics and Finance (2019)
Corporate governance reform and risk-taking : evidence from a quasi-natural experiment in an emerging market
Koirala Santosh, Marshall Andrew, Neupane Suman, Thapa Chandra
Journal of Corporate Finance (2018)
Financing, fire sales, and the stockholder wealth effects of asset divestiture announcements
Finlay William, Marshall Andrew, McColgan Patrick
Journal of Corporate Finance Vol 50, pp. 323-348 (2018)
The market reaction to debt announcements : UK evidence surrounding the global financial crisis
Marshall Andrew, McCann Laura, McColgan Patrick
British Accounting Review (2018)
Cost of sovereign debt and foreign bias in bond allocations
Marshall Andrew, Thapa Chandra, Bhatta Bibek
Journal of International Financial Markets Institutions and Money (2017)
Revisiting conditional accounting conservatism in state-controlled firms
Marshall Andrew, Tang Gordon, Li Wilson , He Ting
Asian Review of Accounting (2017)

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Teaching interests include risk management, derivatives, corporate finance and international finance.

I have taught accounting and finance extensively on overseas and domestic MSc and MBA programmes in Hong Kong, Singapore, Shanghai, Malaysia, Tanzania and Greece.

Research interests

My research is focused on risk management, insider trading derivatives and international finance. 

I have published in many international journals including recently Journal of Economics and Business, Journal of Multinational Financial Management, European Financial Management, Journal of Corporate Finance and Journal of Business Finance and Accounting.

Professional activities

Guest Editor, International Business Review Special Issue - Oct 2010
Guest editor
Editorial board of Journal of International Money and Finance
Editorial board member

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marketing activities in relation to corporate treasury activities
Paudyal, Krishna (Principal Investigator) Marshall, Andrew (Co-investigator)
01-Jan-2013 - 30-Jan-2015

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