Lbs Phd Final Lores

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London Business SchoolRegents ParkLondon NW1 4SAUnited KingdomTel: +44 (0)20 7000 7000Fax: +44 (0)20 7000 7001www.london.eduA Graduate School of the University of London

Accounting Economics Finance

Management Science & Operations Marketing

Organisational Behaviour Strategy & Entrepreneurship

The PhD Programmewww.london.edu/phd/


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FrontCover

Connecting art and businessThe dynamic artwork in this brochure was created by students atCamberwell College of Arts for the Find Your Voicecompetition, launchedby London Business School to represent visually the embodiment of theSchools aim: to give every student a voice and the opportunity to maketheir mark on the world. From the works submitted, 35 were selected by ajoint panel of judges to be exhibited at London Business SchoolsRegents Park campus, and used across its communications.View thework at www.facebook.com/LondonBusinessSchool

The London Business SchoolPhD programme is supported

by the Economic and Social

Research Council.

The PhD Programmes mission is to educate exceptionalscholars who will be sought after as faculty in leadingbusiness schools, universities, and research institutions.Research-oriented business schools offer some of themost exciting and well-resourced environments in whichto conduct interdisciplinary social science today.

At London Business School, a commitment to trainingthe next generation of business scholars is central toour research activities. Our PhD programme leveragesthe Schools acclaimed research faculty, while providinggenerous funding and infrastructural support.

Our PhD students work closely with faculty on cutting-

edge research that spans a broad range of disciplines andtopics. Through rigorous coursework and supervised and

joint research, our students are equipped to work atthe frontiers of knowledge in their chosen subject area.Our graduates have developed intellectually andfinancially rewarding careers in major business schoolsand research institutes around the world. Their researchhas a profound impact on the thoughts and actions ofacademics, business leaders and policy makers.

My colleagues and I look forward to welcomingexceptional candidates to the next generation of businessscholarship at London Business School.

Jean-Pierre Benot,Professor of Economics; PhD Programme Chair

Your first step to

academic excellence

Contents

A place to discover new perspectives 04

PhD programme overview 06

The PhD curriculum 08

PhD programme conference presentations 10

Placement highlights 12

Subjects in focus 14

School faculty, academic year 2013/14 21

Take the next step 24


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A place to discover

new perspectivesLondon Business School is ranked as oneof the best business schools in the world,recognised as much for its cutting-edgeresearch as for its diversity and global outlook

Advance your prospectsOur state-of-the-art campus

in central London offers adynamic forum for ideas to

be exchanged with fellowstudents and faculty from

around the world.

The vision of London Business Schoolis to have a profound impact on the waythe world does business. Our facultyand students come from all over theworld. Here, cultural diversity is not

just an aspiration, but a reality, and ourperspective is truly international.

The School, founded in 1964, has threemain areas of activity: postgraduatedegree programmes (Masters and PhD),

Executive Education programmes, andinnovative, high-impact research. It is,however, the students, faculty and staffinvolved in all these activities who give theSchool its character and vibrancy. Of morethan 2,000 degree students studying at theSchool each year, most are drawn fromoutside the UK, from over 100 differentcountries. Similarly, 85% of the Schoolsfaculty are non-UK citizens.

London Business School has a globalpresence, with programmes andpartnerships in Dubai, Hong Kong andNew York. We are located in the heartof London, with offices and lecturetheatres spread between a magnificent19th-century Nash terrace buildingoverlooking Regents Park, and aneighbouring, state-of-the-art building.

The latter houses the Schools library thebest-resourced business library in London and our Fitness Centre, including a25-metre swimming pool.

Why London Business School?

The School is internationally recognisedfor its research and excelled in the 2008Research Assessment Exercise (RAE).

Our faculty are the driving force behindthe Schools success. Their innovativeideas and leading-edge researchconstitute our intellectual capital.Working at the interface between theoryand practice, these renownedacademics share their ideas with

ambitious students. Our faculty and students come from all

over the world. Our perspective is trulyinternational, offering the opportunitiesand challenges of exploring thequestions posed by the modern, globalbusiness world.

Our PhD programme provides rigorousacademic training within an internationaland research-focused environment.There is broad flexibility in the choice ofresearch areas and methods.

The School has a unique location in theheart of the financial capital of Europewith all that a vibrant cultural centrehas to offer.

London Business School is the onlyspecialist institution to be given DoctoralTraining Centre status by the Economicand Social Research Council.

The School provides full nancialsupport, including a stipend and a tuitionfee waiver to all students admitted to thePhD programme.

Profile of recent

PhD intake

14average class intake

34%women

66%men

23-45age range*

*Our admissions decisions aretaken in accordance with bestequal opportunities practice

Consistently amongthe best internationalbusiness schools,according toBloombergBusinessweekandtheFT


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Hong Kong

This programme is our investment in the future of managementteaching and research. Expert faculty, partnership opportunities,

leading-edge research methods and close supervision contributeto an outstanding study environment

PhD programme overview

Typically, a student completes the PhDprogramme within five years. In the firsttwo years, students complete core andelective courses in their chosen subjectand related areas. They then go on topresent a thesis proposal in order totransfer from MPhil to PhD status.

After a successful transfer, studentshave 18 months to complete a thesis an original contribution to their chosenspecialisation. Having successfullydefended their thesis, and following thecompletion of any required amendments,

they are awarded a London BusinessSchool PhD degree.

A broad-resource approach

The PhD programme only runs on afull-time basis and students are expectedto live in London throughout its duration.

The London Business School PhDProgramme is supported by theEconomic and Social Research Council(ESRC) as one of 2 1 accredited DoctoralTraining Centres in the UK. In addition tothe standard programme scholarships,ESRC funding is available for studentswho fulfil the relevant residencyrequirements. The ESRC encouragesstudents to collaborate with external

partners in research which allows amutual exchange of knowledge andcreates additional impact. The Schoolsrelationship with ESRC and other DoctoralTraining Centres provides resourcesand opportunities for shared training andnetworking with other young researchersacross a broad range of social sciencedisciplines.

Supported in-depth study

Our PhD students receive thoroughand sophisticated training in the latestresearch methods, equipping them for

productive academic careers. Trainingconsists of two parts: coursework to givestudents a grasp of research skills and theexisting body of research knowledge intheir field; and a closely supervised thesis.The thesis allows students to conduct asubstantial piece of original research.

Students work within the following sevensubject areas:

Accounting Economics Finance Management Science and Operations Marketing Organisational Behaviour Strategy and Entrepreneurship

Rest of the World 4%

Russia 5%

The Americas 15%

European Union 37%

Asia 39%

Where do recent PhD participants

come from?


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The PhD curriculumOur programme is structured to give you thespecialist knowledge, tools and application for your

study area so you can forge your own path andmake a pioneering contribution to your field

Years 1 and 2

The academic year begins in early

October, and is divided into three,

ten-week terms. Students receive a

thorough training in relevant research

methods and their subject areascore topics.

During the first two years, students arenormally required to take at least 12courses. Additional courses may be takenas electives. As well as PhD courses,students can sometimes choose MBAelective courses (depending on availability)

and some courses at other colleges withinthe University of London, such as LondonSchool of Economics and PoliticalScience (LSE) and University CollegeLondon (UCL). In some cases, studentscan write course waiver exams.

Most subject areas require studentsto satisfactorily complete a specialistcomprehensive or field exam and a first-and/or second-year research paper. Aspart of their training, each PhD studentalso aids faculty with 40 days worth ofassistance on research papers, casewriting, tutoring and grading.

Compulsory courses

All students

Foundations of Business Research

Accounting, Economics and Finance Econometrics Microeconomics II

Organisational Behaviour and Strategy

and Entrepreneurship

Basic Readings in Business Statistical Research Methods Microeconomics I Research Design

Management Science and Operations

and Marketing

Statistical Research Methods orEconometrics

Microeconomics I or II

Specialised courses

Course offerings vary from year to year.The list below includes some of thecourses commonly offered by theseven subject areas. Students selectfrom these, based on their chosenspecialisation:

PhD Seminars in Accounting I - IV Queuing Theory Time Series Analysis Political Economy Advanced Optimisation

Inventory Theory Demand and Revenue Management Financial Economics I Asset Pricing Financial Economics II Empirical

Finance Financial Economics III Corporate

Finance Continuous Time Finance Analytical Marketing Models Marketing Management and Strategy Behavioural Research: Experiments

and Theory Probability Models in Marketing Dynamic Programming and

Optimal Control Micro Organisational Behaviour Macro Organisational Behaviour Social Psychology of Organisations Topics in Econometrics Topics in Microeconomics

Advanced Macroeconomics Strategy Process Strategy Content Advanced Research Methods

in Strategy

Years 3 and 4

In the third year, students present their

thesis proposal. Successful candidates

are transferred to PhD status and are

expected to defend their thesis and

complete their PhD within 18 months.

During their third year, students transferfrom MPhil to PhD status once they havesuccessfully presented and defended theirthesis proposal orally to examiners. Twoexaminers review the theory andmethodology underlying the research, theareas of application and relevance of the

work, and its significance to research inbusiness and management.

Thesis

A PhD thesis should provide a distinctcontribution to the knowledge of thesubject and should supply evidence oforiginality, shown either by the discoveryof new facts or by the exercise ofindependent critical power. In the fieldof business studies, these requirementsdemand either original theoretical work orempirical work with primary or secondarydata. A worthwhile thesis offers interestingnew insights, but it is expected to gofurther by underpinning them withscholarship. This ensures that the insightsstand up to the critical scrutiny of expertsin the area.

Subject area seminarsThese are forums where f aculty,research students and visitors presenttheir research. The School attractsinternationally renowned speakers andthe seminars promote active and livelydiscussions on contemporary researchissues. Students are expected to attendtheir subject areas research seminars.

Trans-Atlantic Doctoral Conference

The Schools annual Trans-AtlanticDoctoral Conference invites students fromtop US and European business schoolsto present their research. This popularconference, organised since 2001 by theSchools PhD students, attracts morethan 120 students each year from schoolssuch as Berkeley, Chicago, Columbia,Duke, INSEAD, MIT, Stanford, Wharton,Harvard, Yale, and NYU.

Conferences

Students are encouraged to presentpapers at conferences for which financialassistance from the Programme isavailable. Most students also attend a

job market conference in their final year.

Visiting students

PhD students from other institutions mayspend up to one year as a visiting studentat London Business School. However,these students are only consideredwhen they have been recommended bya London Business School facultymember. Accepted visiting studentspay tuition fees on a prorated basis.Unfortunately, financial aid is not availablefrom the Programme.

Courses at other University

of London colleges

Students can take courses at otherUniversity of London colleges, suchas UCL and LSE, depending on localcollege rules, cost and availability.


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Improving HIV Early Infant Diagnosis

(EID) Supply Chains in Sub-Saharan

Africa, Jonas Oddur Jonasson,PhD2010, Management Science andOperations, INFORMS Healthcareconference, Chicago, 2013

Dynamic Pricing of Peak Production

Heikki Peura, PhD2010,Management Science and Operations,MSOM, Fontainebleau, 2013

Managerial Capital and Business

Transformation in Emerging Markets:The Impact of Marketing Versus Finance

Skills Development for Entrepreneurs,Stephen Anderson-Macdonald,PhD2009, Marketing,Marketing Science Conference,Istanbul, 2013

Enhancing the Productive Assets of

Entrepreneurs: A Field Experiment on

Marketing an Innovative Savings-Loan

Product to Small Businesses in Ghana

Stephen Anderson-Macdonald,PhD2009, Marketing, Partnership inEconomic Policy Conference,Cape Town, 2013

Government Spending Reloaded:

Fundamentalness and Heterogeneity

in Fiscal SVARs,Giovanni Ricco,

Atif Ellahie, PhD2010, Economics,Accounting, 28th European EconomicAssociation Annual Congress,Gothenburg, 2013

The Implementation Imperative: Why

Effective Implementation May be UsefulEven with Bad Strategy

Eucman Lee, PhD 2008,Strategy and Entrepreneurship,Organization Science Winter Conference,Colorado, 2013

The Nature of Expertise in

Organisation Design

Eucman Lee, PhD2008, Strategyand Entrepreneurship, Academy ofManagement Meeting, Florida, 2013

Unintended Consequences of

Mandated Banks Liquidity DisclosureAnya Kleymenova, PhD 2009, Accounting,American Accounting Association AnnualMeeting, California, 2013

Inducing Reliable Supply: Simple Versus

Simplistic Contracts

Woonam Hwang, PhD2009,Management Science and Operations,MSOM Conference, Fontainebleau, 2013

Valuing Changes in Political Networks:

Evidence from Campaign Contributions

to Close Congressional Elections

Patrick Akey, PhD2009, Finance,The American Finance Association Annualmeetings, California, 2013

Asymptotic Full Revelation in Cheap Talk

with a Large Number of SendersOleg Rubanov, PhD2010, Economics,4th York Annual Symposium on GameTheory, York, 2013

Countercyclical Pricing: A ConsumerHeterogeneity Explanation,Umut Guler,PhD2008, Marketing, INFORMS MarketingScience Society Conference, Istanbul, 2013

A Dynamic Model of Short Interest

Adem Atmaz, PhD2010, Finance,Western Finance Association (WFA)

Annual Meeting, Nevada, 2013

A Tempting Assortment: The Effect of

Product Assortment on Multicategory

Purchase Incidence,Sungtak Hong,PhD2010, Marketing, EMAC (EuropeanMarketing Academy) Doctoral Colloquium,Istanbul, 2013

A Model of Mental Accounting and

Reference Price Adaptation,Woonam Hwang, PhD2009, Management

Science and Operations, INFORMS AnnualMeeting, Phoenix, 2012

Are Universal Banks More Risky?Anya Kleymenova, PhD2009, Accounting,American Accounting Association AnnualMeeting, Washington DC, 2012

Has Takeover Regulation Altered Value

Creation in the European M&A Market?

Sapnoti Eswar, PhD 2008, Finance,Northern Finance Association, Ontario, 2012

Compensatory Identity Shift in

Demographically Diverse and

Similar Groups,Kawon Kim, PhD2010,Organisational Behaviour, InterdisciplinaryNetwork for Group Research Conference,Chicago, 2012

Recent conference presentations by our PhD studentsreflect not only the strength of ideas that emerge fromLondon Business School but also our cultural diversity

Communication by Ara ChoThe bright, bold colours of this illustration express theenergy, intelligence and ambitions of London BusinessSchool, where students with a global perspectiveinteract and communicate.Read about the Find Your Voice art project on p2

PhD programme

conference presentations


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2013

Martin Schweinsberg

Organisational Behaviour, INSEAD

Yangjie Gu

Marketing, Tilburg University

Irina Zviadadze

Finance, Stockholm School of Economics

Nishant Mishra

Management Science and Operations,Erasmus University

Marlo Raveendran

Strategy and Entrepreneurship,UC Riverside

Yvetta Simonyan

Marketing, University of Birmingham

Lora Dimitrova

Finance, University of Exeter

2010

Eva Ascarza

Marketing, Columbia University

Ramya Ranganathan

Organisational Behaviour, IIM Bangalore

Jungsuk Han


Oguzhan Karakas

Finance, Carroll School of Management,Boston College

Mihaela Stan

Strategy and Entrepreneurship,University College London

Xi Li

Accounting, Fox School of Business,Temple University

Li Zhang

Accounting, Rutgers Business School

Ming Gao

Economics, Tsinghua University

2012Amandine Ody-Brasier

Strategy and Entrepreneurship, Yale

Rellie Derfler-Rozin

Organisational Behaviour, Maryland

Jennifer Carson Marr

Organisational Behaviour, Georgia Tech

Amanda Ferguson

Organisational Behaviour, Northern IllinoisUniversity

Elena Simintzi

Finance, University of British Columbia

Andrea M. Buffa

Finance, University of Boston

Clemens Otto

Finance, HEC Paris

Yun Lou

Accounting, HEC Paris

Amit Kakkad

Management Science and Operations,University of San Diego

Chris Parker

Management Science and Operations,Pennsylvania State University

2009Georgy Chabakauri

Finance, London School of Economics

Yael Grushka-Cockayne

Management Science and Operations,Darden School of Business

Stefano Sacchetto

Economics, Carnegie Mellon University

Bart Vanneste

Strategy and Entrepreneurship, INSEAD

2011

Ramin Baghai


Marko Coh

Strategy and Entrepreneurship,London School of Economics

Theodosios Dimopoulos

Finance, HEC Lausanne

Marc Gabarro

Finance, Erasmus University

Jikyung Kim

Marketing, Instituto de Empresa (IE)University

Oleg Shibanov

Finance, Warwick University

Onal Vural

Strategy and Entrepreneurship, Instituto deEmpresa (IE) University

2008

Heidi Gardner

Organisational Behaviour, HarvardBusiness School

Kai-Yu Hsieh

Strategy and Entrepreneurship, NationalUniversity of Singapore

Felipe Monteiro

Strategy and Entrepreneurship, WhartonSchool, University of Pennsylvania

Jason Sturgess

Finance, McDonough School of Business,Georgetown University

Your PhD programmeis based in Londonbut our roster ofplacements takes youacross the world to themost highly regardedbusiness schools

Placement

highlights

For more informationabout PhD placementsvisit:www.london.edu/phdTelephone the PhDProgramme Office:+44 (0)20 7000 8989Email:[email protected]


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The weekly Accounting subject area workshops providean excellent opportunity to interact with faculty from leadingbusiness schools around the world who visit London BusinessSchool and present their work. You quickly realise that thefaculty here is at the frontier of business research.

Atif EllahiePhD2010, AccountingBCom (University of the Punjab) MBA (Lahore University of Management Sciences) MSc (LSE)

business cycles (both theory and econometrics)as well as fiscal and monetary policy. TheEconomics faculty is very well published inleading international journals as well asexperienced in offering practical advice to arange of governments and institutions. Severalfaculty members are editors or associate editorsof leading international journals.

PhD Programme inAccounting

The objective of the PhD Programme inAccounting is to train students to conductoriginal academic research dealing with the useof accounting information. The coursework andstructure is similar to top US accounting PhDprogrammes. While the students focus onexamining contemporary accounting researchtopics, they are provided with rigorous trainingin microeconomics, information economics,corporate finance, asset pricing, game theory,

and econometric methods in the first two yearsof the programme.

Students begin active research at an early stageand work closely with faculty throughout theprogramme. Weekly research workshops byfaculty experts from all around the world and theaccounting doctoral courses expose students toa wide range of topics, including: accounting information and capital markets fundamental analysis and valuation executive compensation empirical nance and accounting anomalies information intermediaries and corporate

networks corporate governance accounting information and political economics

accruals earnings quality and earnings management international accounting standards private equity and venture capital

PhD Programme inEconomics

The Economics programme is a near-uniqueoffering and is designed around two key features a small number of focused courses providedin areas in which the subject area specialises,and a small cadre of students who form a closeworking relationship both amongst themselves

but also importantly with the Economics faculty.A feature of our programme is the very highfaculty-student ratio and this is encouragedthrough our selection process by choosingstudents who express a mature interest inworking in an area in which faculty specialise.Students work closely with their supervisor, gainaccess to leading international conferences andare closely monitored and assisted through theall-important job market experience.

In their first two years, students take six internaleconomics courses covering micro, macro andeconometrics. The aim of these courses is toequip students with advanced technical skillswith which to pursue their studies and to givethem access to the current frontiers of research.These courses are taught by our own faculty andalso by visitors. Past visitors have included

Acemoglu (MIT), Canova (UPF), Gourinchas

(UC Berkeley), Marcet (LSE), Rigobon (MIT),Leeper (Indiana) and Sargent (NYU). There isalso the option to take courses from othersubject areas at London Business School,as well as courses offered at LSE and UCL.While pursuing their coursework studentsare encouraged to begin their research intheir chosen area.

The Economics subject area has an outstandinginternational reputation in key areas of researchsuch as game theory and decision theory,industrial economics, political economy,international macroeconomics and finance,

Subjects in focusLearn more about each of the specialist areasof PhD study offered at London Business School

Recent theses

Causes and Consequences of CorporateFinancial Reporting (Li)

Accounting Information and Debt Markets(Lou)

The Interaction between MandatoryReporting and Voluntary Disclosure andtheir Relevance to Equity Market and CreditMarket (Zhang)

Faculty PhD Coordinator

Irem Tuna,Associate Professor of AccountingBSc (METU) MAS (Illinois) PhD (Michigan)

Exceed your limits in astimulating learningenvironment with uniqueaccess to courses andresources, andextraordinary support andleadership from faculty.Fabian LipinskyPhD2008, EconomicsBA (Technische Universitt Berlin)MSc (ESCP-EAP Oxford, Madrid, Paris)

Recent theses

Economic Behaviour and Decision Making(Gao)

Essays on International Macroeconomicsand Corporate Finance (Huang)

Structural Estimation of Takeover Contests(Sacchetto)


Paolo Surico,Associate Professor of EconomicsMA (Pompeu Fabra) PhD (Bocconi)


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PhD Programme inManagement Scienceand Operations

The Management Science and Operations(MSO) concentration is designed to trainscholars in the analysis of important businessproblems through quantitative modelling in a

variety of areas including operations, finance,marketing, and innovation.

The first programme component is an extensiveand rigorous curriculum of graduate-levelcourses providing strong methodologicalfoundations in optimisation, stochasticmodelling, statistics, econometrics,microeconomics and game theory. In addition,students participate in research seminars,reading groups, international workshops andconferences, and have the opportunity toengage closely with practice when developingtheir research.

The second programme component is a closementoring relationship with one or severalmembers of the MSO faculty, a prestigiousgroup of leading academics combining scholarlyand practical impact. This relationship involves

intense collaborative research work culminatingin the writing and defence by students of adoctoral dissertation. Reflecting the widelyrecognised expertise of the faculty, examples ofpossible research areas include: pricing andrevenue management, supply chainmanagement, health care delivery, informationtechnologies, humanitarian logistics, electricityand energy economics, portfolio management,finance, retail operations, stochastic modelling,optimisation, service operations, decisionanalysis, simulation, project management, and

innovation and new product development.London Business Schools faculty expertise,location, and international alumni base offeropportunities for PhD students to delveinto challenging problems from across theglobe, combining deep academic rigor andpractical relevance.

Students admitted to this programme have astrong analytical background, often holdingBachelors or Masters degrees in mathematics,

physics, engineering, computer science, oreconomics, and have demonstrated clearpotential for a successful academic career.

London Business School has all the key elements to help yousucceed in the PhD programme: day-to-day interaction withthe world-renowned faculty members and their mentorship,

rigorous coursework, and the support of the programmeoffice that helps you fully focus on your research. Consistentlysuccessful placements of alumni simply prove the point.Furthermore, the school is in the heart of the greatest city inthe world with cultural and social activities on your doorstep.London Business School offers the best of both worlds.

Woonam HwangPhD2009, Management Science and OperationsBS MS (KAIST)

Recent theses

An Empirical Investigation of UnsolicitedCustomer Input as a Driver of ServiceInnovation (Kakkad)

Revenue Management in OnlineAdvertising (Najafi-Asadolahi)

Essays on the Effect of TechnologicalInnovation on Markets in Developedand Developing Economies (Parker)

Competition and Stochastic Demand inNetwork Revenue Management:

A Mathematical Programming Approach(Mishra)

Faculty PhD Coordinators

Nitin Bakshi,Assistant Professor of Management Scienceand Operations,BTech (IIT) MS (Stanford) PhD (Wharton)

Jrmie Gallien,Associate Professor of Management Scienceand Operations,EngD (Ecole des Mines de Paris) PhD (MIT)

Subject areas

Recent theses

Essays in Asset Pricing with MarketImperfections (Buffa)

Executive Compensation and CorporateGovernance (Otto)

Essays in Financial Economics (Simintzi) Sources of Risk in the Foreign Exchange

Market (Zviadadze) Essays on Acquisitions of Private

Companies (Dimitrova)

Informality, Default Risk and Asset Prices(Poiatti)

Faculty PhD CoordinatorVikrant Vig,Professor of Finance,MSc MBA (Illinois) PhD (Columbia)

I came to London Business School to learn from the bestpeople in the field of finance. A PhD programme is a greatchallenge and at the most difficult times I always rememberthe words of my former supervisor: aim high and follow yourdreams, this is the key to happiness.

Irina ZviadadzePhD2008, FinanceMA (European University at St Petersburg), MS (St Petersburg State University),PhD (London Business School), Assistant Professor of Finance, Stockholm School of Economics

PhD Programme inFinance

The Finance Department is the Schools largestgroup, with 23 full-time faculty membersundertaking both theoretical and empiricalresearch, in all of the following areas: assetpricing (equity, fixed income and derivatives);behavioural finance; corporate finance andcorporate governance; investment; and market

microstructure.

Students are encouraged to think in a creativeway, with an emphasis on formal rigour andtechniques. The first year provides students withan understanding of the theory and the toolsneeded to conduct theoretical and appliedresearch. The core courses include AssetPricing, Corporate Finance, Empirical Finance,Continuous-Time Finance, Microeconomics, andEconometrics. Students are required to write asecond year research paper.



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PhD Programme inOrganisational Behaviour

The mission of the Organisational Behavioursubject area is to be the most creative,top-quality OB group in the world, through itsdistinctive high-profile research agenda,teaching portfolio, and executive educationinvolvement. Current work engages with issuessuch as leadership, top management teams,

ethics and morality, cross-cultural dynamics,family firms, HR/careers, negotiations, decisionmaking, networks, and organisational design,considering how these relate to businessperformance and entrepreneurship.

Our work is both theory-driven and close topractice, taking advantage of our position in theheart of London as a leading global centre forbusiness. Faculty in the OrganisationalBehaviour group are focused on both MicroOrganisational Behaviour the study ofindividual and group behaviour in anorganisational context, and Macro OrganisationalBehaviour the study of how institutionaland social forces affect organisations and thepeople in them. We draw heavily on theoryfrom psychology and sociology, and oftenpublish in discipline-based, as well asmanagement journals.

We expect PhD students to take four years tocomplete their degree, during which they willlearn to conduct original empirical research, tutorand teach, and internalise the professionalvalues and traditions of the field.

Recent theses

Slipping Down the Ladder: The Individualand Social Consequences of Status Loss(Carson Marr)

Preference for Rule-based vs. DiscretionaryAllocation Systems: A Threat Perspective(Derfler-Rozin)

When Outsiders Come In: An Identity-Based View of Group Boundary Work andEffectiveness (Ferguson)

The Mirage at the Top: Why ForecastersSeek Status in the Wrong Place(Schweinsberg)


Gillian Ku,Associate Professor of OrganisationalBehaviour,

AB (Harvard) MS PhD (Northwestern)

London, economic hub, wrapped tight in history, dippeddeep in culture and art. Business, not as usual but complete,with all its unusual oddities. School, more a second home,

cordial community of friends. Research, first defining theedge then cutting it. Thats London Business School researchfrom my perspective.

Lakshmi Prasad VanaPhD2011, MarketingBTech (IIT Madras), MS (UT Austin)

PhD Programme inMarketing

The Marketing PhD Programme trains scholarswho will conduct research to advance thefrontiers of the discipline of marketing, teachmarketing at premier universities around theworld, and prepare the next generation ofmarketing doctoral students. Students in theMarketing PhD Programme have direct access

to, and work closely with, London BusinessSchools world-renowned marketing faculty.

Marketing is an exciting discipline that offers awide range of areas in which to conductresearch and teach. Research topics inMarketing cover the gamut from explainingconsumer behaviour to the development ofmathematical models to understand and predictfirm behaviour and improve marketing practice.Researchers apply a variety of approaches, fromexperimental tests of psychological theories toeconometric models of firm behaviour. The jobmarket for PhDs in marketing is quite attractive,and the ratio of job openings to job candidates isseveral times higher than that in most academicareas, including economics, psychology, finance,operations, and engineering.

Given London Business Schools location and

reputation, PhD students at the school haveunique access to insights and data f rom topbusinesses. Through their research, they havethe opportunity to influence the actions andthinking of researchers, managers, consumers,and policy makers around the world.

Recent theses

Modelling Customer Behaviour inContractual Settings (Ascarza)

Retail Product Availability: Empirical andTheoretical Issues (Bruno)

An Analysis of the Concentration ofConsumer Purchasing in FMCG Markets(Kim)

Memory-based Models for PredictingInferences about Product Quality

(Simonyan)


Oded Koenigsberg,Associate Professor of Marketing,BSc (Technion) MEng (Cornell) PhD (Duke)

Subject areas

What attracted me tothe programme was howapproachable the facultyis and their willingness tohelp us as we become

academics. The wholeatmosphere is supportiveand eager to facilitateour learning anddevelopment.

Shruti BhutadaPhD2011,Organisational Behaviour,BComm (Nagpur)MA (Teachers College, Columbia University)



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PhD Programme

in Strategy andEntrepreneurshipResearch in this area focuses on understandinghow organisations create and sustain superiorcompetitive performance, as well as on theprocesses by which economic value is createdand distributed in markets. This interdisciplinaryfield draws on concepts and theories from

economics, sociology and psychology, andaddresses a wide variety of topics that havedirect or indirect implications for organisationaleffectiveness.

We emphasise real world relevance as a corevalue. Our students should be committed toconducting rigorous research, but also toaddressing questions that have significantimplications for firms and markets. Students can

specialise in the following areas:Competitive strategy Corporate strategy Strategy and organisation Technological change and innovation Entrepreneurship International management Structure of market competition

In the first two years, students develop the

th ti l k l d d m th d l i l kill

Subject areas

Recent theses Relational Structure of Competition in theExecutive Labor Market (Coh)

Exploring Market Processes Through theLens of Identity: Essays on theDeterminants and Price Consequences ofContested Actions (Ody-Frasier)

Coordination and Collaboration Within andAcross Organizations: The Role ofExperience and Knowledge on Innovation

(Vural) The Effects of History on OrganisationDesign (Raveendran)

Firm Heterogeneity, Innovation, and ValueCapture: Three Essays (Tae)


Donal Crilly,Assistant Professor of Strategy andEntrepreneurship,

BA (Dublin City) MBA (Hitotsubashi, Tokyo)PhD (INSEAD)


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Accounting

Maria CorreiaMA (Universidade Nova de Lisboa) PhD (Stanford)

Assistant Professor of Accounting

Emmanuel De GeorgeB.Com (University of Melbourne) PhD (University of Michigan)

Assistant Professor of Accounting

Francesca Franco

Economics

Jean-Pierre BenoitBA (Yale) PhD (Stanford)Professor of Economics

Frederic MalherbePhD (ECARES, Universit Libre de Bruxelles)

Assistant Professor of Economics

Joo Montez

School Faculty,

Academic Year 2014/15Our faculty are actively engaged in, and passionate aboutadvancing the research and relevance of their subjects.Guided by their world-class thinking, leadership andintegrity, students benefit from their global outlookand our unique learning environment in London


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Finance

Suleyman BasakBSc (University College London) MS PhD (Carnegie Mellon)Professor of Finance

Joo CoccoBA (Universidade Catolica Portuguesa) MA PhD (Harvard)Professor of Finance

Ian CooperMA (Cambridge) MBA PhD (North Carolina)Professor of Finance

Francesca CornelliBA (Bocconi) PhD (Harvard)Professor of Finance

James DowMA (Cambridge) PhD (Princeton)Professor of Finance

Alex EdmansMA (Oxford) PhD (MIT)Professor of Finance

Peter FeldhtterBA PhD (Copenhagen)Assistant Professor of Finance

Julian FranksBA (Sheffield) MBA (Columbia) PhD (London)Professor of Finance

Vito D GalaBA (Bocconi) MBA PhD (Chicago)Assistant Professor of Finance

Francisco GomesBA (Universidade Nova de Lisboa) MA PhD (Harvard)Professor of Finance

Alexander GorbenkoMA (NES, Russia) PhD (Stanford GSB)

Assistant Professor of Finance

Christopher HennessyPhD (Princeton)Professor of Finance

Christian Heyerdahl-LarsenMSc (Cass Business School) PhD (Norwegian School ofManagement, BI)Assistant Professor of Finance

Nicholas HirscheyBA (Grinnell College) PhD (University of Texas)Assistant Professor of Finance

Brandon JulioBA (Brigham Young) MS (South Carolina) MS PhD (Illinois)Assistant Professor of Finance

Samuli KnpferBSc MSc Econ PhD (Helsinki School of Economics)Assistant Professor of Finance

Ralph S J KoijenMA PhD (Tilburg University)Professor of Finance

Stefan LewellenBBA (University of Texas at Austin) MBA PhD (Yale)Assistant Professor of Finance

Narayan NaikBTech (IIT, Bombay) MBA (IIM, Ahmedabad) PhD (Duke)Professor of Finance

Anna PavlovaMSc (Moscow State University) MA (New Economic School)PhD (Pennsylvania)Associate Professor of Finance

Stephen SchaeferMA (Cambridge) PhD (London)Professor of Finance

Henri ServaesBBA (European University) MSIA PhD (Purdue)Professor of Finance

Rui SilvaBA (Universidade Nova de Lisboa) MA PhD (University ofChicago)Assistant Professor of Finance

Vikrant VigMSc MBA (Illinois) PhD (Columbia)Associate Professor of Finance

Paolo VolpinBA (Bocconi) MA PhD (Harvard)Associate Professor of Finance

Management Science and OperationsNitin BakshiB.Tech (IIT, Bombay) MS (Stanford) PhD (Wharton)Assistant Professor of Management Science and Operations

Derek BunnMA (Cambridge) MSc PhD (London)Professor of Decision Sciences

Victor DeMiguelMSc (Madrid) MSc PhD (Stanford)Professor of Management Science and Operations

Jrmie GallienEngD (cole des Mines de Paris) PhD (MIT)Associate Professor of Management Science andOperations

Vasiliki KostamiBSc (Athens) MSc (AUEB) PhD (Southern California)Assistant Professor of Management Science and Operations

Kamalini RamdasMS (Delaware) PhD (Wharton)Professor of Management Science and Operations

Nicos SavvaBA MPhil PhD (Cambridge)Assistant Professor of Management Science and Operations

Gah-Yi VahnBSc (Sydney) MSc MA PhD (UC Berkeley)Assistant Professor of Management Science and Operations

Song (Alex) YangBE (Tsinghua) MS (Northwestern) MBA PhD (Chicago)Assistant Professor of Management Science and Operations

Marketing

Marco BertiniBA BCom (Melbourne) MBA (IESE Business School) DBA(Harvard)Assistant Professor of Marketing

Simona BottiBBA (Bocconi, Milan) MBA PhD (Chicago)Associate Professor of Marketing

Rajesh ChandyPhD (Southern California)Professor of Marketing

David FaroMSc (London) PhD (Chicago)Associate Professor of Marketing

Bruce HardieBCom MCom (Auckland) MA PhD (Pennsylvania)Professor of Marketing

Oded KoenigsbergBSc (Technion) MEng (Cornell) PhD (Duke)Associate Professor of Marketing

Nirmalya KumarBCom (Calcutta University) MCom (Shivaji University) MBA(Illinois) PhD (Northwestern)Professor of Marketing

Anja LambrechtDiplom-Kauffrau and Maitrise des Sciences de Gestion(Goethe University and Universit Paris-Dauphine) PhD(Goethe University)Assistant Professor of Marketing

John MullinsBA (Lehigh) MBA (Stanford) PhD (Minnesota)Associate Professor of Management Practice in Marketingand Entrepreneurship

John RobertsBA MComm (Melbourne) SM PhD (MIT)Professor of Marketing

Nader T TavassoliBA MBA (Syracuse) MPhil PhD (Columbia)

Professor of Marketing

Naufel VilcassimPhD (Cornell)Professor of Marketing

Organisational Behaviour

Gabrielle AdamsBA (Colby College) PhD (Stanford)Assistant Professor of Organisational Behaviour

Raina BrandsMA BPsychSci (University of Queensland) MPhil PhD(Cantab.)Assistant Professor of Organisational Behaviour

Dan CableBA (Pennsylvania State University) MS PhD (Cornell)Professor of Organisational Behaviour

Daniel EffronBA (Yale) PhD (Stanford)Assistant Professor of Organisational Behaviour

Lynda GrattonBA PhD (Liverpool)Professor of Management Practice in OrganisationalBehaviour

Ena InesiBSE (Duke) PhD (Stanford)Assistant Professor of Organisational Behaviour

Selin KesebirBA (Ko) MA (Northwestern University) PhD (Virginia)Assistant Professor of Organisational Behaviour

Gillian KuAB (Harvard) MS PhD (Northwestern)Associate Professor of Organisational Behaviour

Celia MooreBA (McGill) MPA (Columbia) PhD (Toronto)Assistant Professor of Organisational Behaviour

Nigel NicholsonBA (Cardiff) PhD (Wales) CPsychol FBPsS FBAMFIAAPProfessor of Organisational Behaviour

Margaret Ormiston

BA (California) MS (Berkeley) PhD (HAAS)Assistant Professor of Organisational Behaviour

Randall PetersonBS MA (Minnesota) PhD (UC Berkeley)Professor of Organisational Behaviour

Madan PillutlaBE (BITS, Pilani) PGDM (XLRI, Jamshedpur) PhD (BritishColumbia)Professor of Organisational Behaviour

Aneeta RatanBA (Columbia) PhD (Stanford)Assistant Professor in Organisational Behaviour

Niro SivanathanBA MSc (Queens) PhD (Northwestern)Associate Professor of Organisational Behaviour

Stefan ThauDiploma (University of Mannheim) PhD (University ofGroningen)Associate Professor of Organisational Behaviour

Xi ZouBBA (Lingnan University) MPhil (The Chinese University ofHong Kong) MPhil PhD (Columbia)Assistant Professor of Organisational Behaviour

Strategy and Entrepreneurship

Michal BikardMS (ESCP Europe) PhD (MIT)Assistant Professor of Strategy and Entrepreneurship

Julian Birkinshaw

BSc (Durham) MBA PhD (Western Ontario), FBAProfessor of Strategy and Entrepreneurship

Kevin BoudreauBASc (University of Waterloo) MA (Toronto) PhD (MIT)Assistant Professor of Strategy and Entrepreneurship

Aharon Cohen MohliverBA (Hebrew University) MA PhD (Columbia University)Assistant Professor of Strategy and Entrepreneurship

Donal CrillyBA (Dublin City University) MBA (Hitotsubashi, Tokyo)PhD (INSEAD)Assistant Professor of Strategy and Entrepreneurship

Gary DushnitskyBA MSc (Tel Aviv) PhD (New York)Associate Professor of Strategy and Entrepreneurship

Sendil EthirajPhD (University of Pennsylvania)Professor of Strategy and Entrepreneurship

Isabel Fernandez-MateoBA (Carlos III, Madrid), MSc (UPF, Barcelona), PhD (MIT)

Associate Professor of Strategy and EntrepreneurshipBen HallenBSEE MCS (Virginia) PhD (Stanford)Assistant Professor of Strategy and Entrepreneurship

Michael HayBA DPhil (York) Sloan Fellow (London Business School)Professor of Management Practice in Strategy andEntrepreneurship

Ioannis IoannouBA (Yale) MA PhD (Harvard)Assistant Professor of Strategy and Entrepreneurship

Michael G JacobidesBSc (Athens) MA PhD (Wharton)Associate Professor of Strategy and Entrepreneurship

Brandon LeeMS PhD (Cornell)Assistant Professor of Strategy and Entrepreneurship

Costas MarkidesBA MA (Boston University) MBA DBA (Harvard)Professor of Strategy and Entrepreneurship

Keyvan VakiliBA MBA (Sharif University of Technology) PhD (University ofToronto)Assistant Professor of Strategy and Entrepreneurship

Freek VermeulenMA PhD (Tilburg University) PhD (Utrecht University)Associate Professor of Strategy and Entrepreneurship



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Programme leadership

PhD Committee

Jean-Pierre BenotPhD Programme CommitteeChair. The committee comprisesrepresentatives from each ofthe seven subject areas, and

members of the administrative team.

PhD Programme Office

Judith Fry

Director, PhD Programme,

and Deputy Director, Researchand Faculty Office. Judith hasoverall responsibility for the

development and management of thePhD Programme, as well as Research andFaculty Office administration duties.

Nicola Hann

Programme Manager Nicolais responsible for the day-to-day administration of thePhD Programme, including

course timetabling, co-ordinating theapplication, interview and offer process,thesis examination matters, and studentpastoral care.

Vaishali Jagjivan

Administrator Vaishali isthe first point of contact for

internal and external PhDenquiries. She is alsoresponsible for issuing promotionalinformation about the PhD Programmeand the initial processing of applications.She maintains student and applicantinformation on the Schools database andassists with the organisation of variousprogramme events.


You will need to submit:

Completed applicationform with essays (online)

Two academic referenceletters (online)

Original GMAT orGRE score report

Transcript or certiedcopy of universitygrades from all pastdegrees (online orby post)

Valid, original TOEFL,IELTS or Cambridgescore report (if required)

Applications will not beconsidered until all ofthe above items arereceived. All items mustarrive at the PhDProgramme Officeby 8 January.

NB. Unless you are a native English

speaker or have a degree from a

university in an English-speaking

country, (where the teaching was

in English) according to UKBA

policy guidance, you must submit

evidence of proficiency in English.

You should have scored at

least 600 (paper-based), 250

(computer-based) or 100

(Internet-based) on the TOEFL tobe considered. Other recognised

English language tests (IELTS,

Cambridge) are also accepted.

A valid test report (less than two

years old) must be submitted to

the Programme Office.

The interview process

Short-listed applicants will be invited for interview in February or March tomeet faculty and to see the Schools facilities. It is sometimes possible forcandidates who are unable to travel to L ondon to be interviewed by telephone.Regrettably, due to the large number of applications received each year, it isnot possible to arrange meetings with members of faculty prior to an interview.

Our PhD programme offers world-class teaching and afaculty at the forefront of research. If your ambition is to

excel in academia, a PhD at London Business School isyour first step. These are our application criteria

Financing your PhD

Funding

All students offered a place on theprogramme receive full funding, whichincludes a tuition fee waiver and astipend guaranteed for at least fouryears, subject to satisfactory academicperformance. Eligible students are putforward for funding from the ESRC.

All students are expected to apply foralternative support for which they are

eligible (e.g. funding from their homecountries). Some current students havereceived funding from organisations suchas AXA and RADMA.

Living costs and accommodation

There is no residential accommodationat the School, but students can apply foraccommodation in some of the Universityof London Intercollegiate Halls ofResidence. A number of these also haveaccommodation for couples and families.www.halls.london.ac.uk

The University of London HousingServices also provides information onprivately rented accommodation. Theirinformative website is a useful startingpoint. www.housing.london.ac.uk

Living costs in London vary considerablyaccording to individual circumstancesand lifestyle. If you are accepted onthe programme, you will be providedwith further information regardingaccommodation options that studentsin the past have opted for.

How to apply

1Applications and all accompanyingdocuments should be submittedby 8 January for entry into theProgramme in September/Octoberof the same year.

2 Applicants are expected to hold anundergraduate degree in a relevantdiscipline, with a final grade whichplaces them in the top 10% of theirgraduating class. Admission to the

programme is very competitive.Although it is not a requirement,most incoming students also holda Masters degree.

3 All applicants must submit aGMAT

or GREscore no more than fiveyears old. The minimum requiredscore for this varies according toeach subject area, althoughapplicants are unlikely to beshort-listed for an interview if theirscore is less than 650 in the GMAT.For the GRE, which we view as anacceptable alternative to the GMAT,we expect quantitative andanalytical scores above the 90thpercentile. Some subject areasstate which test they would preferapplicants to take:

GRE Economics, Management Science and

Operations GMAT Account ing

Marketing

GMATandGREare administered byindependent agencies. The tests measureverbal, quantitative and analytical skills and

provide an indication of the ability for clearand systematic thought. Either one of thesetests is required from each applicant andthe requirement cannot be waived. Findout more at www.gmac.com/gmat/andwww.gre.org

Take the next step

Apply now and startyour PhDEmail:[email protected]: +44 (0)20 7000 8989Fax: +44 (0)20 70008951


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26 www.london.edu/phd/ 27www.london.edu/mim/

For more information about PhD placements visit www.london.edu/phdAlternatively you can contact our PhD Programme Office on+44(0)20 7000 8989or email: [email protected]

All details correct at time of publishing, January 2014.Designed and produced by Cedar Communications Ltd.www.cedarcom.co.uk

Lbs Phd Final Lores

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