Postgraduate research opportunities Financial Policy Uncertainty and Bank Undervaluation in Europe: Broader Economic Implications
ApplyKey facts
- Opens: Wednesday 5 February 2025
- Deadline: Monday 31 March 2025
- Number of places: 1
- Duration: 36 months
- Funding: Home fee, International fee, Stipend
Overview
This project aims to empirically investigate the relationship between financial policy uncertainty and banks’ cost of equity in Europe, motivated by their persistent undervaluation relative to US counterparts. The analysis will also explore the broader economic effects of an undervalued banking sector, particularly for households and SMEs.Eligibility
We're looking for an outstanding candidate with a background in Banking and Finance, preferably with a completed or near-completed master’s degree.
Our ideal applicant will be highly motivated, have an excellent command of English, and outstanding communication skills.
A solid quantitative background, including essential econometric knowledge and programming skills (for example Stata or Python), is necessary for this project.

Project Details
Through participation in research seminars, workshops, and other learning activities, you will engage with diverse disciplinary and theoretical perspectives, as well as various methodologies.
Progress will be reviewed annually. Over the three-year PhD programme, you're expected to attend academic conferences, contribute to teaching within the School, and work towards publishing in peer-reviewed journals.
Further information
The successful candidate will join a stimulating, developmental, and inclusive research environment.
Strathclyde Business School was awarded Times Higher Education University of the Year in 2019 for the second time.
Our Accounting & Finance department is ranked Number 1 in the UK for Accounting and Finance (Good University Guide 2022, Complete University Guide 2022).
Funding details
This is a fully-funded scholarship for three years that covers all university tuition fees (at UK level) and an annual tax-free stipend.
International students are also eligible to apply, but they must 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.
While there is no funding in place for opportunities marked "unfunded", there are lots of different options to help you fund postgraduate research. Visit funding your postgraduate research for links to government grants, research councils funding and more, that could be available.
Apply
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 cover letter detailing your academic background, motivation for pursuing a PhD, and fit with the advertised research project, 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:
- An updated curriculum vitae
- Details of two academic referees, including email addresses
- Degree certificate(s) and academic transcript(s), which must be certified copies
Candidates will be selected based on the submitted application documents, followed by interviews with the supervisors.
Number of places: 1
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Accounting and Finance
Programme: Accounting and Finance