Postgraduate research opportunities ESG-tied executive compensation and banks’ sustainable lending strategies


Key facts

  • Opens: Tuesday 17 January 2023
  • Deadline: Friday 31 March 2023
  • Number of places: 1
  • Duration: 36 months
  • Funding: Home fee, Stipend


This project aims to empirically investigate whether and to what extent executives’ compensation packages linked to Environmental Social and Governance (ESG) targets influence European banks’ lending decisions towards more or less polluting firms.
Back to opportunity


We are seeking an outstanding student with a background in Banking & Finance (preferably with a completed or near-to-completion master’s degree), strong motivation, excellent command of English, and outstanding communication skills to embark on this exciting PhD project. Furthermore, a solid quantitative background with essential econometric knowledge and programming skills is highly desirable.

Strathclyde Business School is committed to supporting a diverse and inclusive postgraduate research population. We make decisions on entry by assessing the whole person and not relying solely on academic achievements. On that basis, please ensure that your application (via your CV and covering letter) can evidence your resourcefulness, commitment and resilience as demonstrated by broader professional and life experiences. This evidence should be centred on your ability to undertake and complete a PhD and contribute to a positive PhD community.

If English isn't your first language, you'll need an IELTS score of 6.5 or equivalent with no individual element below 5.5.

Your application must include:

  • A cover letter presenting your academic path, motivation for doing a PhD and fit with the advertised research project
  • An updated curriculum vitae
  • Details of two academic referees, including email addresses
  • Academic transcripts, which must be certified copies

Candidates for this PhD project will be selected on the basis of this information and interviews with potential supervisors.

THE Awards 2019: UK University of the Year Winner
Back to opportunity

Project Details

Climate change and global warming are at the core of social and policy debates. Given the centrality of the financial system in channelling resources to the private sector and its capability in imposing costs on non-compliant firms by adjusting quantities and/or prices, it is of primary interest to assess the way banks effectively contribute, through their lending strategies, to greening the economy.

With reference to the European context, this project aims to empirically investigate whether and to what extent executives’ compensation packages linked to Environmental Social and Governance (ESG) targets influence banks’ lending decisions towards more or less polluting firms.

Further information

The successful candidate will join a stimulating, developmental and inclusive research and learning environment. Strathclyde Business School was awarded the Times Higher Education University of the Year in 2019 for a second time. The Accounting and Finance department of Strathclyde Business School is ranked 1st in the UK for Accounting and Finance in Good University Guide 2022 and Complete University Guide 2022. By participating in research seminars, workshops and ad hoc learning activities, the candidate will engage with multiple disciplinary and theoretical perspectives and methodologies. Also, the Strathclyde Centre for Sustainable Finance and Accounting (SCSFA) will offer the potential to develop collaborative opportunities.

Progress will be reviewed annually. During the three-year PhD programme, the candidate is expected to participate in academic conferences, contribute to the School’s teaching provision, and potentially submit articles for publication in peer-reviewed journals.

Back to opportunity

Funding details

Fully-funded scholarship for 3 years covers all university tuition fees (at UK level) and an annual tax-free stipend. International students are also eligible to apply, but they will need to find other funding sources to cover the difference between the home and international tuition fees. Exceptional international candidates may be provided funding for this difference. 

Back to opportunity


Dr Livia Pancotto

Accounting and Finance

View profile
Dr Kyung Yoon Kwon

Senior Lecturer
Accounting and Finance

View profile
Professor Graeme Acheson

Head Of Department
Accounting and Finance

View profile
Back to course


Number of places: 1

There will be a shortlisting and interview process.

To read how we process personal data, applicants can review our 'Privacy Notice for Student Applicants and Potential Applicants' on our Privacy notices' web page.

Accounting and Finance

Programme: Accounting and Finance

Start date: Oct 2023 - Sep 2024

Back to course

Contact us

For further queries and information, please contact Dr Livia Pancotto at