Postgraduate Research Opportunity - Financial Policy Uncertainty and Bank Undervaluation in Europe: Broader Economic Implications

Project summary: This project will empirically investigate the relationship between financial policy uncertainty and banks’ cost of equity in Europe, motivated by the persistent undervaluation of European banks relative to their US counterparts. The analysis will also explore the broader economic effects of an undervalued banking sector, particularly for households and SMEs.

Start date: 1^st October 2025

Duration: 36

Funding: Funded

Funding towards:

Home fee/International fee
Stipend -UKRI stipend rate for UK students. 

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. 

Number of places: 1

Number of places extra: There will be a shortlisting and interview process.

RCUK eligibility: No

Eligibility:

We seek an outstanding candidate with a background in Banking and Finance, preferably with a completed or near-completed master’s degree. The ideal applicant will demonstrate strong motivation, excellent command of English, and outstanding communication skills. A solid quantitative background, including essential econometric knowledge and programming skills (e.g., Stata, Python), is necessary for this project.

Candidates will be selected based on the submitted application documents, followed by interviews with the supervisors.

For more information: www.strath.ac.uk/studywithus/postgraduateresearchphdopportunities/business/accountingfinance/financialpolicyuncertaintyandbankundervaluationineuropebroadereconomicimplications

Study modes eligibility: Full-time.

Fee Status: What fee status applies to applicants? Please omit any of the below that do not apply:

• Home

Project Details:

Primary Supervisor: Dr Livia Pancotto

Additional Supervisor/s: Professor Dimitris Andriosopoulos

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. The Accounting and Finance department is ranked 3^rd in Scotland and 10^th in the UK according to the 2024 Complete University Guide, 1^st in Scotland and 3^rd in the UK based on the 2024 Times and Sunday Times Good University Guide; 3^rd in Scotland and 16^th in the UK based on The Guardian Best UK Universities 2024.

Through participation in research seminars, workshops, and other learning activities, the successful candidate will engage with diverse disciplinary and theoretical perspectives, as well as a range of research methodologies.

Progress will be reviewed annually. Over the three-year PhD programme, the candidate is expected to attend academic conferences, contribute to teaching within the School, and work towards publishing in peer-reviewed journals.

For informal inquiry, please email Dr Livia Pancotto (livia.pancotto@strath.ac.uk)

Advert information