LBS
Content
PhD Programme
Accounting Economics Finance Management Science and Operations Marketing Organisational Behaviour Strategic and International Management
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About London Business School PhD Programme overview Placement highlights Subject areas Applying to the PhD Programme Programme management Faculty 2010/11
The Programme’s mission is to educate excellent scholars who will be sought after as faculty in leading business schools, universities and research institutions.
Research oriented business schools offer some of the most exciting and well-resourced environments in which to do interdisciplinary social science today. At London Business School, a commitment to training the next generation of business scholars is central to our research activities. Our PhD programme leverages the School’s acclaimed research faculty, and provides generous funding and infrastructural support. Our PhD students work closely with faculty on cutting-edge research that spans a broad range of disciplines and topics. Through rigorous coursework, supervised and joint research work, we bring our students rapidly to the frontiers of knowledge in their chosen subject area. Most graduates of our programme have gone on to take up intellectually and financially rewarding careers with major business schools and research institutes around the world. They are making their mark through scholarship that influences the thoughts and actions of academics, business leaders and policy makers. My colleagues and I look forward to welcoming the best minds to the next generation of business scholarship at London Business School.
Phanish Puranam London Business School Chaired Professor of Strategic and International Management PhD Programme Chair Co-Director, Aditya Birla India Centre
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London Business School is consistently ranked as one of the best business schools in the world
Our faculty and students come from all over the world. Cultural diversity is not just an aspiration but a reality, and our perspective is truly international.
The School has three main areas of activity: postgraduate degree programmes (Masters and PhD), Executive Education programmes and innovative, high impact research. It is, however, the students, faculty and staff involved in these activities who give the School its character and vibrancy. Of the over 1,300 degree students studying at the School each year, about 90% are drawn from outside the UK, from over 130 different countries. Similarly, some 84% of the School’s faculty are nonUK citizens. The School is located in the heart of London, with offices and lecture theatres spread between a magnificent 19th century Nash terrace building overlooking Regent’s Park, and a neighbouring, state-of-the-art building. The latter houses the School’s library – the best-resourced business library in London – and the Fitness Centre, including a 25 metre swimming pool. Why London Business School London Business School research is internationally recognised. The School excelled in the 2008 Research Assessment Exercise (RAE).
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Current PhD students by nationality
Russian Federation 5% Rest of the World 12%
European Union 44% The Americas 14%
Asia 25%
Our faculty are the driving force behind the School’s success. Their innovative ideas and leading-edge research constitute our intellectual capital. Working at the interface between theory and practice, these renowned academics share their ideas with ambitious students Our faculty and students come from all over the world. Our perspective is truly international, offering the opportunities and challenges of exploring the questions posed by the modern, global business world Our PhD Programme provides a rigorous academic training within an international and research-focused environment. There is broad flexibility in the choice of research areas and methods The School has a unique location in the heart of the financial capital of Europe with all that a vibrant cultural centre has to offer The School provides full financial support, including a stipend and a tuition fee waiver to all students admitted to the PhD Programme.
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“What is it like to do a PhD at London Business School? …Imagine that your job is to think about the topics you are most passionate about. Imagine being surrounded by peers with similar interests and having time to chat. Imagine being a few steps away from the top experts in your field. Imagine being in one of the most exciting cities in the world. What more can you ask for?”
Ramon Lecuona Torras PhD2008, Strategic and International Management MPP (Harvard), BA (Anahuac)
“The accessibility to expert faculty, boundless research projects and rigorous courses at London Business School are supplemented by the London experience to create a unique environment for both academic and personal growth. The PhD students are fully prepared to enter the academic job market with realistic expectations of placement at a top institution and continued success throughout their careers.”
Chris Parker PhD2007, Management Science and Operations MSc (Essex) BS (Oklahoma State)
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PhD Programme overview
The PhD Programme is London Business School’s investment in the future of management teaching and research.
Ours is one of the largest business and management PhD Programmes in Europe, attracting high-quality, international participants. Our PhD students receive a thorough and sophisticated training in the latest methods of enquiry, equipping them for productive academic careers. Their training consists of two parts: coursework to give students a grasp of research skills and the existing body of research knowledge in their field; and a closely supervised thesis. The thesis allows students to conduct a substantial piece of original research. Students work within the following seven subject areas:
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“Give a man a fish and you have fed him for a day; teach him how to fish and you have fed him for his lifetime.’ It is an ancient proverb emphasising the importance of being an independent person. I believe the same applies to research. Doing a PhD means that you become an independent researcher who does not just passively absorb knowledge, but who creates new knowledge based on what is already known. I find that the PhD Programme at London Business School helps students with this endeavour by providing both the skills and knowledge necessary to become successful researchers. The rigorous training, combined with close interaction with faculty and friendly, supportive cohorts, will surely make my journey to become a successful scholar both effective and highly enjoyable.” Chung Won Tae PhD2007, Strategic and International Management MA (Seoul National University) BBA (Ritsumeikan) Profile of recent PhD intakes (2006 to 2010) Women Men Average class intake Age range* 28 42 40% 60% 14 21–41
Accounting Economics Finance Management Science and Operations Marketing Organisational Behaviour Strategic and International Management
Typically, a student completes the PhD Programme within four to five years. In the first two years, students complete core and elective courses in their chosen subject and related areas. They then go on to present a thesis proposal with a view to transferring from MPhil to PhD status. After this, students have 18 months to complete a thesis – an original contribution to their chosen specialisation. On the successful completion of their thesis, they are awarded a London Business School PhD degree. The Programme only runs on a full-time basis and students are expected to live in London throughout.
*Our admissions decisions are taken in accordance with best equal opportunities practice
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Academic years 1 and 2
The academic year begins in early October, and is divided into three, ten-week terms.
During the first two years, students are normally required to take at least 12 courses. As well as PhD courses, students can sometimes choose MBA elective courses (depending on availability) and some courses at other colleges within the University of London. In some cases, a student’s prior experience earns them exemption from particular courses. Most subject areas require students to satisfactorily complete a specialist field exam and a first and/or second year research paper. As part of their training, each PhD student aids faculty with 40 days worth of assistance on research papers, case writing, tutoring and grading. Compulsory courses All students
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Advanced Stochastic Modeling Dynamic Macroeconomics Financial Economics I – Asset Pricing Theory Financial Economics II – Empirical Finance Financial Economics III – Corporate Finance Continuous Time Finance Proseminar in Marketing Marketing Management and Strategy Consumer Behaviour Judgment and Decision Making Micro Organisational Behaviour Macro Organisational Behaviour Readings in Social Psychology Topics in Econometrics International Macroeconomics Strategy Process Strategy Content Analytical Methods in Strategy
Foundations of Business Research
Accounting, Economics and Finance
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Econometrics Microeconomics II
Organisational Behaviour and Strategic and International Management
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Basic Readings in Business Statistical Research Methods Microeconomics I Research Design
*Additional courses may be taken as electives. Course offerings vary from year to year.
Management Science and Operations and Marketing
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Statistical Research Methods or Econometrics Microeconomics I or II Basic Readings in Business Research Design
Specialised courses Students select from the following courses* based on their chosen specialisation:
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PhD Seminars in Accounting I and II Decision Theory Design and Analysis of Experiments Time Series Analysis
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Academic 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 transfer from MPhil to PhD status after successfully presenting and defending their thesis proposal orally to a committee. The committee examines the theory and methodology underlying the research, the areas of application and relevance of the work, and its significance to research in business and management. Thesis A PhD thesis should provide a distinct contribution to the knowledge of the subject and should supply evidence of originality, shown either by the discovery of new facts or by the exercise of independent critical power. In the field of business studies, these requirements demand either original theoretical work or empirical work with primary or secondary data. A worthwhile thesis will offer interesting new insights, but it is expected to go further by underpinning them with scholarship. This ensures that the insights will stand up to the critical scrutiny of experts in the area. Subject area seminars Subject areas run seminars where faculty, research students and visitors present their research. The School attracts internationally renowned speakers and the seminars promote active and lively discussions on contemporary research issues. Students are expected to attend their subject area’s research seminars. Trans-Atlantic Doctoral Conference The School’s annual Trans-Atlantic Doctoral Conference invites students from top US and European business schools to present their research. This popular conference, organised since 2001 by the School’s PhD students, attracts about 100 students each year from schools such as Berkeley, Chicago, Columbia, Duke, INSEAD, MIT, Stanford, Wharton, Harvard, Yale, and NYU. Conferences Students are encouraged to present papers at conferences for which financial assistance from the Programme is available. Visiting students PhD students from other institutions may spend up to one year as a visiting student at London Business School. However, these students are only considered when they have been recommended by a London Business School faculty member and have completed our standard PhD application form (marked ‘visitor’).
Accepted visiting students pay tuition fees on a prorated basis. Unfortunately, financial aid or office space are not available from the Programme. Courses at other University of London colleges Students can take courses at other University of London colleges, such as University College London (UCL) and London School of Economics and Political Science (LSE), depending on local college rules, cost and availability.
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Conference presentations
Recent conference presentations by London Business School’s PhD students
Labor and Capital: Is Debt a Bargaining Tool?, Eleni Simintzi, PhD2007, Finance, European Finance Association Conference, Frankfurt, 2010 Interdependence, Information Processing, and Organization Design: An Epistemic Perspective, Marlo Goetting, PhD2007, Strategic and International Management, Academy of Management, Montreal, 2010 From Interactions to Exchanges: Prior Relationships and Recruitment Performance in Executive Search, Marko Coh, PhD2006, Strategic and International Management, Academy of Management, Montreal, 2010 Uncovering the Process of Executive Mobility, Marko Coh, PhD2006, Strategic and International Management, Strategic Management Society Conference, Rome, 2010 Punishment by Pricing: Contested Practices and Buyer-Supplier Relations, Amandine Ody, PhD2007, Strategic and International Management, Strategic Management Society Conference, Rome, 2010 Auditor Specialization and the Cost of Debt, Yun Lou, PhD2007, Accounting, American Accounting Association Conference, San Diego, 2010 Accounting Conservatism and Cost of Capital, Xi Li, PhD2005, Accounting, American Accounting Association Conference, San Diego, 2010 Boundary Work in Groups: Locus and Function as Dimensions Influencing Group Effectiveness, Amanda Ferguson, PhD2007, Organisational Behaviour, INGRoup Conference, Washington DC, 2010 Predicting Inferences about Business Schools: Recognition Heuristic vs. Its New Rival Mean-Variance Model, Yvetta Simonyan, PhD2006, Marketing, Behavioural Decision Research in Marketing Conference, Pittsburgh, 2010 When to Allow Buyers to Sell? Bundling in Mixed Two-Sided Markets, Ming Gao, PhD2005, Economics, Royal Economic Society Meeting, London, 2010 Insider Trade Disclosure, Market Efficiency, and Liquidity, Andrea Buffa, PhD2007, Finance, Western Finance Association, San Diego, 2009
Labor Laws and Innovation, Ramin Baghai-Wadji, PhD2006, Finance, Western Finance Association, San Diego, 2009 Revenue Management for Online Advertising Using Advertising Networks, Sami Najafi-Asadolahi, PhD2005, Management Science and Operations, INFORMS Annual Meeting 2009, San Diego, 2009
“I believe the best thing about the PhD Programme at London Business School is the close interaction with worldclass faculty on a day to day basis. Nothing beats discussing face to face with the experts in your field.”
Clemens Otto PhD2007, Finance Diplom Kaufmann (Cologne), CEMS Masters in International Management (HEC Paris / Cologne)
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Placement highlights
2010
Eva Ascarza Marketing, Columbia University Ramya Ranganathan Organisational Behaviour, IIM Bangalore Jungsuk Han Finance, Stockholm School of Economics Oguzhan Karakas Finance, Carroll School of Management, Boston College Mihaela Stan Strategic and International Management, University College London Xi Li Accounting, Fox School of Business, Temple University Li Zhang Accounting, Rutgers Business School Ming Gao Economics, Tsinghua University
2009
Georgy 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 Strategic and International Management, INSEAD
2008
Heidi Gardner Organisational Behaviour, Harvard Business School Kai-Yu Hsieh Strategic and International Management, National University of Singapore Felipe Monteiro Strategic and International Management, Wharton School, University of Pennsylvania Jason Sturgess Finance, McDonough School of Business, Georgetown University
2007
Pedro Saffi Finance, IESE, University of Navarra Astrid Schornick Finance, INSEAD Pascale Crama Management Science and Operations, Singapore Management University Susan Lynch Strategic and International Management, INSEAD Dmitry Makarov Finance, New Economics School, Russia
2006
Ana Vidolovska Accounting, London School of Economics Yanling Guan Accounting, University of Hong Kong Jorge Gonzalez Marketing, IESE, University of Navarra Ben Bryant Organisational Behaviour, IMD, Lausanne Jayanth Narayanan Organisational Behaviour, National University of Singapore Michelle Rogan Strategic and International Management, INSEAD
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Subject areas
PhD Programme in Accounting
The objective of the PhD Programme in Accounting is to train students to conduct original academic research dealing with the design and use of accounting information. Studies in this area link substantive accounting issues with theory and methods from Economics and Finance.
During the first year, students acquire an understanding of general accounting principles and can then focus on more specific issues within their area of specialisation. Students begin active research at an early stage and work closely with faculty throughout the programme. Accounting doctoral courses and the group’s weekly seminar series give students the opportunity to tap into recent faculty research and expertise on a wide range of topics, including the role of financial information in capital markets; the effect of corporate disclosure policies on securities markets; corporate governance; private equity; mergers and acquisitions; accounting regulation; valuation of intangible assets; performance measurement; and executive compensation. Recent theses
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“The PhD Programme provides us with a rigorous and creative training experience in the field of Accounting. This is done in an environment of active interaction with other closely linked subject areas. The Accounting faculty ensures great opportunities for exchanging research ideas with top class researchers from around the world which, in turn, stimulates our research and increases our visibility in the academic circle.” Yun Lou PhD2007, Accounting MA (Reading) MA (Universitat Autonoma de Barcelona and University Paris 1-Pantheon-Sorbonne) BA (Zhejiang)
Causes and Consequences of Corporate Financial Reporting (Li) On the Value-Relevance of Financial and Non-Financial Information: The Case of Internally Generated Intangibles (Vidolovska) The Interaction between Mandatory Reporting and Voluntary Disclosure and their Relevance to Equity Market and Credit Market (Zhang)
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Faculty PhD Coordinator Irem Tuna Associate Professor of Accounting BSc (METU) MAS (Illinois) PhD (Michigan)
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Subject areas
PhD Programme in Economics
The Economics programme is designed around two key features making ours a near unique offering – a small number of focused courses provided in areas in which the subject area specialises and a small cadre of students who form a close working relationship both amongst themselves but also most importantly with the Economics faculty.
A crucial feature of our programme is the very high faculty-student ratio. This inevitably results in a close relationship between the student and their supervisor and this is encouraged through our selection process by choosing students who express a mature interest in working in an area in which faculty specialise. Such a student can then be expected to work closely with their supervisor, gain access to leading international conferences and be closely monitored and assisted through the all important job market experience. In their first two years students take six internal economics courses – covering micro, macro and econometrics. The aim of these courses is to equip students with advanced technical skills with which to pursue their studies and to give them access to the current frontiers of research. These courses are taught by our own Faculty and also by visitors. Past visitors have included Acemoglu (MIT), Canova (UPF), Gourinchas (UC Berkeley), Marcet (LSE), Rigobon (MIT) and Sargent (NYU). There is also the option to take courses from other subject areas at London Business School, as well as courses offered at LSE and UCL. While pursuing their coursework students are encouraged to begin their research in their chosen area. The Economics subject area has an outstanding international reputation in key areas of research such as game theory and decision theory, industrial economics, R&D, international macroeconomics and finance, business cycles (both theory and econometrics) as well as fiscal and monetary policy. The Economics faculty is very well published in leading international journals as well as experienced in offering practical advice to a range of governments and institutions. Several faculty members are editors or associate editors of leading international journals. Recent theses
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“Doing a PhD may prove to be the most challenging ‘project’ of your life. At London Business School you will be provided with everything you need to succeed and exceed your limits: A stimulating learning environment, unique access to courses and resources, and most importantly, extraordinary support and leadership from faculty. The PhD at London Business School is different from other programmes in the way students can work and discuss closely with professors, and grow to become top researchers in economics. On campus everything you can dream of is provided so that you can focus on your studies and excel in your field with the support and leadership of faculty.” Fabian Lipinsky PhD2008, Economics, MSc (ESCP-EAP Oxford, Madrid, Paris), BA (Technische Universität Berlin)
Economic Behaviour and Decision Making (Gao) Theory and Empirics of Cross Country Trade in Bonds and Equities (Rahbari) Structural Estimation of Takeover Contests (Sacchetto)
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Faculty PhD Coordinator Hélène Rey Professor of Economics BS (Ecole Nationale de la Statistique et de L’Administration Economique), MS (Stanford) PhD (LSE) PhD (Ecole des Hautes Etudes en Science Sociales)
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Subject areas
PhD Programme in Finance
The Finance Department is the School’s largest group, with 23 full-time faculty members undertaking both theoretical and empirical research, in all of the following areas: asset pricing (equity, fixed income and derivatives); behavioural finance; corporate finance and corporate governance; investment; and market microstructure.
Students are encouraged to think in a creative way, with an emphasis on formal rigour and techniques. The first year provides students with an understanding of the theory and the tools needed to conduct theoretical and applied research. The core courses include Asset Pricing, Corporate Finance, Empirical Finance, Continuous-Time Finance, Microeconomics, and Econometrics. Students are required to write a second year research paper. Recent theses
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Portfolio Choice and Asset Pricing in Incomplete Markets (Chabakauri) Asset Pricing with Imperfect Information (Han) Value of Voting and Other Issues in Corporate Governance (Karakas)
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Faculty PhD Coordinators Francisco Gomes Associate Professor of Finance BA (Universidade Nova de Lisboa) MA PhD (Harvard) Paolo Volpin Associate Professor of Finance BA (Bocconi) MA PhD (Harvard)
“I came to London Business School to learn from the best people in the field of finance. A PhD Programme is a great challenge and at the most difficult times I always remember the words of my former supervisor: ‘aim high and follow your dreams, this is the key to happiness’. ”
Irina Zviadadze PhD2008, Finance, MA (European University at St Petersburg) MS (St Petersburg State University)
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Subject areas
PhD Programme in Management Science and Operations
The Management Science and Operations (MSO) concentration focuses on quantitative decision making. The research undertaken in MSO typically involves developing and analysing models of business problems faced under uncertainty.
Students have a strong analytical background, often holding a Bachelors or Masters degree in mathematics, physics, engineering or quantitative economics. Student participation in faculty’s collaborative research projects provides a unique opportunity to work as part of a team and to gain invaluable experience. Students can specialise in one of two main areas: decision sciences or operation management. Multidisciplinary research combining elements from both areas is also welcome. The two areas cover the following topics among others: Decision sciences
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First year courses provide a theoretical and methodological preparation for undertaking research in one of the above areas. In addition to coursework assessments, students write a second year research paper and need to pass a comprehensive exam in their second year. Recent theses
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Applications of Discontinuous Structural Finite Mixture and RegimeSwitching Time-Series Models to Electricity Price Risk (Chen) Introduction of Technological Innovations: Valuation, Selection and Timing (Grushka-Cockayne) Service Combinative Capabilities and Service Operations Strategy: Formulation, Process and Antecedents (Wang)
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Applied statistics and stochastic modelling Computational learning and agent-based simulation Decision analysis and decision support Electricity and energy economics Forecasting Management science / operations research Portfolio optimisation Project, programme and portfolio management Queuing theory Revenue management and pricing Risk analysis Simulation Stochastic and nonlinear optimisation Strategic modelling and simulation System dynamics and feedback systems
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Faculty PhD Coordinators Kristin Fridgeirsdottir Assistant Professor of Management Science and Operations MS PhD (Stanford) Kamalini Ramdas Professor of Management Science and Operations BS (Delhi) MS (Delaware) PhD (Pennsylvania)
Operation management
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Information systems design and analysis Operation systems and strategy Service management Supply chain management Technology management
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Subject areas
PhD Programme in Marketing
The Marketing PhD Programme is designed to train scholars who will conduct research to advance the frontiers of the discipline of marketing, teach marketing at premier universities around the world, and prepare the next generation of marketing doctoral students.
Students in the Marketing PhD Programme have direct access to and work closely with London Business School’s world-renowned marketing faculty. Marketing is an exciting discipline that offers a wide range of areas in which to conduct research and teach. Research topics in Marketing cover the gamut from explaining consumer behaviour to the development of mathematical models to understand and predict firm behaviour and improve marketing practice. Researchers apply a variety of approaches, from experimental tests of psychological theories to econometric models of firm behaviour. The job market for PhDs in marketing is quite attractive, and the ratio of job openings to job candidates is several times higher than that in most academic areas, including economics, psychology, and engineering. Given London Business School’s location and reputation, PhD students at the school have unique access to insights and data from top businesses. Through their research, they have the opportunity to influence the actions and thinking of researchers, managers, consumers, and policy makers around the world. Recent theses
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Modelling Customer Behaviour in Contractual Settings (Ascarza) Retail Product Availability: Empirical and Theoretical Issues (Bruno) Measurement of Competitive Issues in Product Entry Decisions (Gonzalez)
Faculty PhD Coordinator Rajesh Chandy Professor of Marketing MBA (Oklahoma) PhD (USC)
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Subject areas
PhD Programme in Organisational Behaviour
The mission of the Organisational Behaviour subject area is to be the most creative, top quality OB group in the world, through its distinctive high profile research agenda, teaching portfolio, and executive education involvement.
Current work engages issues such as leadership, corporate boards, creativity, group dynamics, cross-cultural teams, family firms, HR / careers, negotiations, and organisational design, considering how these relate to business performance and entrepreneurship. Our work is both theory-driven and close to practice, taking advantage of our position in the heart of London as a leading global centre for business. Faculty in the Organisational Behaviour group are focused on both Micro Organisational Behaviour – the study of individual and group behaviour in an organisational context, and Macro Organisational Behaviour – the study of how institutional and social forces affect organisations and the people in them. We draw heavily on theory from psychology and sociology, and often publish in discipline-based, as well as management journals. We expect PhD students to take four years to complete the degree, during which they will learn to conduct original empirical research, tutor and teach, and internalise the professional values and traditions of the field. Recent theses
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“Studying at London Business School gives me the opportunity to
meet top scholars from around the world. The faculty and students in the OB department come from highly diverse backgrounds and have a variety of research interests, and department research seminars attract leading scholars from other universities to share their knowledge. OB faculty are excited to work with PhD students and involve us early in research projects with them. They encourage us to develop our own research ideas and eagerly help us to bring those ideas to fruition.” Amanda Ferguson PhD2007, Organisational Behaviour MBA BS (Missouri State University)
Expertise Utilization in Project Teams: A Status-Based Account of Process and Performance (Gardner) Meeting the Competing Goals of CSR: Exploring the Potential of Value Diversity in Teams (Ranganathan) Creativity in Groups: the Cognitive, Affective and Social Consequences of Shared Representations on Group Creativity (Ronson)
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Faculty PhD Coordinator Gillian Ku Assistant Professor of Organisational Behaviour AB (Harvard) MS PhD (Northwestern)
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“One of the first things I noticed upon coming to London Business School is that you’re part of the team from day one. The faculty are keen to learn your interests and help you with developing them from the very beginning. Their world-class professional competencies are coupled with a very down-toearth attitude towards incoming PhD students, in combination creating a pleasant and stimulating work environment. Seminars and the Trans-Atlantic Doctoral Conference serve as a vehicle in bringing the world’s top scholars and PhD students to the campus, keeping London Business School’s PhD students in touch with the cutting edge research and people conducting it.”
Marko Coh PhD2006, Strategic and International Management MSc BSc (University of Ljubljana)
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Subject areas
PhD Programme in Strategic and International Management
Research in this area focuses on understanding how organisations create and sustain superior competitive performance, as well as on the processes by which economic value is created and distributed in markets.
This interdisciplinary field draws on concepts and theories from economics, sociology and psychology, and addresses a wide variety of topics that have direct or indirect implications for organisational effectiveness. The entrepreneurship research unit also now resides within the SIM department. We emphasise real world relevance as a core value. Our students should be committed to conducting rigorous research, but also to addressing questions that have significant implications for firms and markets. Students can specialize in e.g. the following areas:
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Competitive strategy Corporate strategy Strategy and organisation Technological change and innovation Entrepreneurship International management Emergence and evolution of markets Structure of market competition
In the first two years, students develop the theoretical knowledge and methodological skills needed to become successful researchers. Compulsory courses include Microeconomics, Basic Readings in Business, Research Design, Strategy Content and Strategy Process. Further requirements depend on the area of specialisation. Student progress is assessed through their coursework, by field examinations at the end of the first and second year, and a compulsory second year research paper and presentation to the department. Recent theses
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Connecting the Dots: Uncovering the Technology Scouting Process (Monteiro) The Context of Organizational Learning (Stan) Organization of Vertical Relationships (Vanneste)
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Faculty PhD Coordinator Brandon Lee Assistant Professor of Strategic and International Management MS PhD (Cornell)
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Applying to the PhD Programme
Funding All students offered a place on the Programme receive a scholarship covering tuition fees and a stipend for four years, subject to satisfactory academic performance. However, students are expected to apply for alternative support for which they are eligible (e.g. ESRC funding). Living costs and accommodation There is currently no residential accommodation at the School, but students can apply for accommodation in some of the University of London Halls of Residence. A number of these also have accommodation for couples and families.
How to apply Applications and all accompanying documents should be submitted by 8 January for entry into the Programme in September / October of the same year. Applicants are expected to hold an undergraduate degree in a relevant discipline, with a final grade which places them in the top 10% of their graduating class. Admission to the programme is very competitive. Although it is not a requirement, most incoming students also hold a Masters degree. All applicants must submit a GMAT or GRE score that is no more than five years old. The minimum required score for this varies according to each subject area, although applicants are unlikely to be short-listed for an interview if their score is less than 650 in the GMAT. For the GRE, which we view as an acceptable alternative to the GMAT, we expect quantitative and analytical scores above the 90th percentile. Some subject areas state which test they would prefer applicants to take (see below). Economics Management Science and Operations Accounting Marketing
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The University of London Housing Services also provides information on privately rented accommodation. Their informative website is a useful starting point.
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Living costs in London vary considerably according to individual circumstances and lifestyle. If you are accepted on the Programme, you will be provided with further information regarding accommodation options that students in the past have opted for.
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Applying to the PhD Programme
Unless you are a native English speaker or have a degree from a university in an English-speaking country (where the language of instruction was English), 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 to be 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. Short-listed applicants will be invited to an interview in February or March to meet faculty and to see the School’s facilities. It is sometimes possible for candidates who are unable to travel to London to be interviewed by telephone. Regrettably, due to the large number of applications received each year, it is not normally possible to arrange meetings with members of faculty prior to an interview. Applicants should submit
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For more information Website Regularly updated information about the School and the Programme can be found on the PhD Programme’s website
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This brochure can also be downloaded from the site. PhD Programme Office If you would like any further information, please contact: PhD Programme Office London Business School Regent’s Park London NW1 4SA UK Tel +44 (0)20 7000 8989 Fax +44 (0)20 7000 8951 Email [email protected] This brochure is available on our website, www.london.edu. If you require a copy of this brochure in large print or Braille, please call +44 (0)20 7000 8989 or email [email protected] Applying online We strongly prefer online applications. Please visit the admissions pages on our website
Completed application form with essays (online) Two academic references (online) Original GMAT or GRE score report Transcript or certified copy of university grades from all past degrees (online or by post) Valid, original TOEFL, IELTS or Cambridge score report (if required)
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An application will not be considered until all of the above items have been received. All items should arrive at the PhD Programme Office by 8 January. GMAT and GRE GMAT and GRE are administered by independent agencies. The tests measure verbal, quantitative and analytical skills and provide an indication of the ability for clear and systematic thought.
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www.gmac.com/gmac/thegmat/ www.gre.org
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GMAT
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Programme management
The PhD Committee comprises representatives from each of the seven subject areas, and members of the administrative team. The Committee is chaired by the PhD Programme Chair, Phanish Puranam.
PhD Programme Office Judith Fry Deputy Director, Academic Affairs Office Judith has overall responsibility for the development and management of the PhD Programme, as well as Academic Affairs administration duties. Responsibilities include the control of budgeting, marketing, planning and admissions. Judith also plays an important role in the pastoral care of the PhD students. Jenny Kovalaine-Kwan PhD Programme Manager Jenny is responsible for the day-to-day administration of the PhD Programme, including course timetabling, co-ordinating the application, interview and offer process, and thesis examination matters. She also maintains the Programme’s website and co-ordinates the production of publicity materials, as well as providing statistical information for the annual HESA and other returns. Loraine Evans PhD Programme Administrator Loraine provides support to the Deputy Director, Academic Affairs Office, and the PhD Programme Manager. Acting as the first point of contact for internal and external enquiries, she is responsible for the dissemination of promotional information about the PhD Programme and the initial processing of applications. Loraine also maintains student and applicant information on the PhD database and in student files and assists with the organisation of various PhD events, such as the orientation programme and social events. Judith Fry Deputy Director, Academic Affairs Office
Jenny Kovalaine-Kwan PhD Programme Manager
Loraine Evans PhD Programme Administrator
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“Doing a PhD is all about learning the ropes properly as, later on, you are going to be only as good as the quality of training you receive during your doctoral years. Here at London Business School, the best known academics are in abundance – so you can learn directly from the masters! Combine that with a programme office dedicated to supporting doctoral students, strong corporate ties that come in handy when your research needs real-life data, and the truly international nature of the programme. London Business School is hard to beat!”
Amit Kakkad PhD2005, Management Science and Operations BSc (DD Institute of Technology, India) MBA (Rollins College, USA)
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Faculty 2010/11
Accounting
Eli Amir BA (Tel Aviv) MSc PhD (University of California, Berkeley) CPA Professor of Accounting Maria Correia Lic (Universidade do Porto) Masters (Universidade Nova de Lisboa) PhD (Stanford) Assistant Professor of Accounting Francesca Franco BS (Bocconi) PhD (Padova) Assistant Professor of Accounting Ningzhong Li BA (Peking) MA (SUNY) PhD (Chicago) Assistant Professor of Accounting Sir Andrew Likierman MA (Oxford) FCMA FCCA Professor of Management Practice Lakshmanan Shivakumar BCom (Madras) MBA PhD (Vanderbilt) Grad CWA (India) Professor of Accounting Eli Talmor BSc (Technion) PhD (North Carolina at Chapel Hill) Professor of Accounting Ane Tamayo BSc (Basque Country) MSc (Heriot-Watt) MPhil (City, London) MS PhD (Rochester) Assistant Professor of Accounting Irem Tuna BSc (Middle East Technical University) MAS (Illinois) PhD (Michigan) Associate Professor of Accounting Oktay Urcan BA (Bogazici) PhD (Texas) Assistant Professor of Accounting Florin Vasvari MA (University of Toronto) PhD (Rotman School of Management, Toronto) Assistant Professor of Accounting Richard Portes BA (Yale) MA DPhil (Oxford) CBE FBA Professor of Economics Lucrezia Reichlin Laurea (Modena) PhD (New York) Professor of Economics Hélène Rey MS (Stanford) PhD (London) Professor of Economics Andrew Scott MSc (London) DPhil (Oxford) Professor of Economics Paolo Surico BA (Bari) Masters (Universitat Pompeu Fabra) PhD (Bocconi) Associate Professor of Economics Brandon Julio BA (Brigham) MS (South Carolina) PhD (Illinois) Assistant Professor of Finance Samuli Knupfer BSc MSc PhD (Helsinki School of Economics) Assistant Professor of Finance Igor Makarov MS (Moscow State) MA (NES) PhD (MIT) Assistant Professor of Finance Narayan Naik BTech (IIT, Bombay) MBA (IIM, Ahmedabad) PhD (Duke) Professor of Finance Anna Pavlova MSc (Moscow State University) MA (New Economic School, Moscow) PhD (Pennsylvania) Associate Professor of Finance Stephen Schaefer MA (Cambridge) PhD (London) Professor of Finance Henri Servaes BSc BBA (European University) MSIA PhD (Purdue) Professor of Finance Raman Uppal BA (Delhi) MA MBA PhD (Wharton) Professor of Finance Vikrant Vig BS (Delhi) MS MBA MiF (Illinois) PhD (Columbia) Associate Professor of Finance Paolo Volpin BA (Bocconi) MA PhD (Harvard) Associate Professor of Finance
Finance
Suleyman Basak BSc (London) MS PhD (Carnegie Mellon) Professor of Finance Joao Cocco BA (Universidade Catolica Portuguesa, Lisbon) MA PhD (Harvard) Associate Professor of Finance Ian Cooper MA (Cambridge) MBA PhD (North Carolina) Professor of Finance Francesca Cornelli BA (Bocconi) PhD (Harvard) Professor of Finance James Dow MA (Cambridge) PhD (Princeton) Professor of Finance Peter Feldhutter BA PhD (Copenhagen) Assistant Professor of Finance Julian Franks BA (Sheffield) MBA (Columbia) PhD (London) Professor of Finance Vito D Gala BA (Bocconi) MBA PhD (Chicago) Assistant Professor of Finance Francisco Gomes BA (Universidade Nova de Lisboa) MA PhD (Harvard) Associate Professor of Finance Joao Gomes BA (Universidade Nova de Lisboa) MA PhD (Rochester) Professor of Finance Alexander Gorbenko MS (MIPT) MA (NES) PhD (Stanford) Assistant Professor of Finance Christopher Hennessy BA (Swarthmore College) MBA PhD (Princeton) Professor of Finance Christian Heyerdahl-Larsen MSc (Cass) PhD (Norwegian School of Management) Assistant Professor of Finance
Management Science and Operations
Nitin Bakshi BTech (Indian Institute of Technology) MS (Stanford) PhD (Pennsylvania) Assistant Professor of Management Science and Operations Derek Bunn MA (Cambridge) MSc PhD (London) Professor of Decision Sciences Zeger Degraeve BSc (Ghent) MBA (Katholieke Universiteit Leuven) PhD (Chicago) Professor of Decision Sciences Victor DeMiguel MSc (Madrid) MS PhD (Stanford) Associate Professor of Decision Sciences, Management Science and Operations Kristin Fridgeirsdottir MS PhD (Stanford) Assistant Professor of Management Science and Operations Jeremie Gallien EngD (Ecole des Mines de Paris) PhD (MIT) Associate Professor of Management Science and Operations
Economics
Jean-Pierre Benoit BA (Yale) PhD (Stanford) Professor of Economics Frederic Malherbe PhD (ECARES, Universite Libre de Bruxelles) Assistant Professor of Economics Leonardo Melosi BA (LUISS Guido Carli) MA PhD (Pennsylvania) Assistant Professor of Economics Joao Montez MSc (Lausanne) MSc (Toulouse) PhD (Lausanne) Assistant Professor of Economics Emre Ozdenoren BA (Middle East Technical University) MA (Bilkent) MA (State University of New York) PhD (Northwestern) Associate Professor of Economics
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Vasiliki Kostami BSc (Athens) MSc (AUEB) PhD (USC) Assistant Professor of Management Science and Operations Kamalini Ramdas BS (Delhi) MS (Delaware) PhD (Pennsylvania) Professor of Management Science and Operations Nicos Savva BA MPhil PhD (Cambridge) Assistant Professor of Management Science and Operations Bruce Weber AB (Harvard) MA PhD (Wharton) Professor of Information Management Song Yang MBA PhD (Chicago) Assistant Professor of Management Science and Operations
Organisational Behaviour
Rob Goffee BA PhD (Kent) Professor of Organisational Behaviour Lynda Gratton BA PhD (Liverpool) Professor of Management Practice in Organisational Behaviour Ena Inesi BSE (Duke) PhD (Stanford) Assistant Professor of Organisational Behaviour Gillian Ku AB (Harvard) MS PhD (Northwestern) Assistant Professor of Organisational Behaviour Henry Moon BS (Maryland) MA (Olkahoma) PhD (Michigan State University) Associate Professor of Organisational Behaviour Celia Moore BA (McGill) MPA (Columbia) PhD (Toronto) Assistant Professor of Organisational Behaviour Nigel Nicholson BA (Cardiff) PhD (Wales) Professor of Organisational Behaviour Margaret Ormiston BA (California) MS (University of California, Berkeley) PhD (HAAS) Assistant Professor of Organisational Behaviour Randall Peterson BS MA (Minnesota) PhD (University of California, Berkeley) Professor of Organisational Behaviour Madan Pillutla BE (BITS, Pilani) PGDM XLRI (Jamshedpur) PhD (British Columbia) Professor of Organisational Behaviour Niro Sivanathan BA MSc (Queen’s) PhD (Northwestern) Assistant Professor of Organisational Behaviour Stefan Thau MSc (Mannheim) PhD (Groningen) Assistant Professor of Organisational Behaviour Xi Zou BBA (Lingnan) MPhil (CUHK) MPhil (Columbia) PhD (Columbia) Assistant Professor of Organisational Behaviour
Marketing
Marco Bertini BA BCom (Melbourne) MBA (IESE Business School, Navarra) DBA (Harvard) Assistant Professor of Marketing Simona Botti BBA (Bocconi) MBA PhD (Chicago) Assistant Professor of Marketing Rajesh Chandy MBA (Oklahoma) PhD (Southern California) Professor of Marketing David Faro MSc (London) PhD (Chicago) Assistant Professor of Marketing Bruce Hardie BCom MCom (Auckland) MA PhD (Pennsylvania) Professor of Marketing Nirmalya Kumar BCom (Calcutta University) MCom (Shivaji University) MBA (Illinois) PhD (Northwestern) Professor of Marketing Anja Lambrecht Diplom-Kauffrau MS (Goethe University and Université Paris-Dauphine) PhD (Goethe University) Assistant Professor of Marketing Kanishka Misra BA (Cambridge) PhD (Northwestern) Assistant Professor of Marketing John Mullins BA (Lehigh) MBA (Stanford) PhD (Minnesota) Associate Professor of Management Practice in Marketing and Entrepreneurship John Roberts BA MComm (Melbourne) MSc PhD (MIT) Professor of Marketing Nader Tavassoli BA MBA (Syracuse) MPhil PhD (Columbia) Professor of Marketing Naufel Vilcassim BSc (Sri Lanka) MBA (Texas) PhD (Cornell) Professor of Marketing
Strategic and International Management
Julian Birkinshaw BSc (Durham) MBA PhD (Western Ontario) Professor of Strategic and International Management Kevin Boudreau BASc (Waterloo) MA (Toronto) PhD (MIT) Assistant Professor of Strategic and International Management Donal Crilly BA (Dublin City) MBA (Hitotsubashi) PhD (INSEAD) Assistant Professor of Strategic and International Management
Gary Dushnitsky BA MSc (Tel Aviv) PhD (New York) Associate Professor of Strategic and International Management Isabel Fernandez-Mateo BA (Carlos III, Madrid), MSc (UPF, Barcelona), PhD (MIT) Assistant Professor of Strategic and International Management Michael Hay BA DPhil (York) Sloan Fellow (London Business School) Professor of Management Practice in Entrepreneurship and Strategic and International Management Ioannis Ioannou BA (Yale) MA PhD (Harvard) Assistant Professor of Strategic and International Management Michael Jacobides BSc (Athens) MA PhD (Wharton) Associate Professor of Strategic and International Management Brandon Lee MS PhD (Cornell) Assistant Professor of Strategic and International Management Costas Markides BA MA (Boston) MBA DBA (Harvard) Professor of Strategic and International Management Louise Mors MBE (Norwegian School of Management) PhD (INSEAD) Assistant Professor of Strategic and International Management Phanish Puranam BE (Delhi) MIB (IIFT, New Delhi) MA PhD (Wharton) Professor of Strategic and International Management Markus Reitzig BS (Konstanz) MS (Kiel) MBR PhD (Munich) Assistant Professor of Strategic and International Management Lourdes Sosa BS (ITESM, Mexico) PhD (MIT) Assistant Professor of Strategic and International Management Don Sull AB MBA DBA (Harvard) Professor of Management Practice in Strategic and International Management Freek Vermeulen MA PhD (Tilburg) Associate Professor of Strategic and International Management
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“Students are encouraged to engage in research early in the Programme: my first year supervisor gave me an opportunity to assist in his project starting from my second semester. Not only did I have a chance to learn how things are done and to have ‘hands-on’ experience, but I was also encouraged to provide my input for the development of the study. The fact that faculty persuade you to submit for publication, even your early works, greatly fosters self-confidence in your ability to produce high-quality research. What I value the most is that they make me feel that they believe in my success!”
Yvetta Simonyan PhD2006, Marketing MBA (Indiana University of Pennsylvania) MS (Yerevan State Medical Institute)
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London Business School
Regent’s Park London NW1 4SA United Kingdom Tel +44 (0)20 7000 7000 Fax +44 (0)20 7000 7001 www.london.edu A Graduate School of the University of London
Accounting Economics Finance Management Science and Operations Marketing Organisational Behaviour Strategic and International Management
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About London Business School PhD Programme overview Placement highlights Subject areas Applying to the PhD Programme Programme management Faculty 2010/11
The Programme’s mission is to educate excellent scholars who will be sought after as faculty in leading business schools, universities and research institutions.
Research oriented business schools offer some of the most exciting and well-resourced environments in which to do interdisciplinary social science today. At London Business School, a commitment to training the next generation of business scholars is central to our research activities. Our PhD programme leverages the School’s acclaimed research faculty, and provides generous funding and infrastructural support. Our PhD students work closely with faculty on cutting-edge research that spans a broad range of disciplines and topics. Through rigorous coursework, supervised and joint research work, we bring our students rapidly to the frontiers of knowledge in their chosen subject area. Most graduates of our programme have gone on to take up intellectually and financially rewarding careers with major business schools and research institutes around the world. They are making their mark through scholarship that influences the thoughts and actions of academics, business leaders and policy makers. My colleagues and I look forward to welcoming the best minds to the next generation of business scholarship at London Business School.
Phanish Puranam London Business School Chaired Professor of Strategic and International Management PhD Programme Chair Co-Director, Aditya Birla India Centre
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London Business School is consistently ranked as one of the best business schools in the world
Our faculty and students come from all over the world. Cultural diversity is not just an aspiration but a reality, and our perspective is truly international.
The School has three main areas of activity: postgraduate degree programmes (Masters and PhD), Executive Education programmes and innovative, high impact research. It is, however, the students, faculty and staff involved in these activities who give the School its character and vibrancy. Of the over 1,300 degree students studying at the School each year, about 90% are drawn from outside the UK, from over 130 different countries. Similarly, some 84% of the School’s faculty are nonUK citizens. The School is located in the heart of London, with offices and lecture theatres spread between a magnificent 19th century Nash terrace building overlooking Regent’s Park, and a neighbouring, state-of-the-art building. The latter houses the School’s library – the best-resourced business library in London – and the Fitness Centre, including a 25 metre swimming pool. Why London Business School London Business School research is internationally recognised. The School excelled in the 2008 Research Assessment Exercise (RAE).
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Current PhD students by nationality
Russian Federation 5% Rest of the World 12%
European Union 44% The Americas 14%
Asia 25%
Our faculty are the driving force behind the School’s success. Their innovative ideas and leading-edge research constitute our intellectual capital. Working at the interface between theory and practice, these renowned academics share their ideas with ambitious students Our faculty and students come from all over the world. Our perspective is truly international, offering the opportunities and challenges of exploring the questions posed by the modern, global business world Our PhD Programme provides a rigorous academic training within an international and research-focused environment. There is broad flexibility in the choice of research areas and methods The School has a unique location in the heart of the financial capital of Europe with all that a vibrant cultural centre has to offer The School provides full financial support, including a stipend and a tuition fee waiver to all students admitted to the PhD Programme.
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“What is it like to do a PhD at London Business School? …Imagine that your job is to think about the topics you are most passionate about. Imagine being surrounded by peers with similar interests and having time to chat. Imagine being a few steps away from the top experts in your field. Imagine being in one of the most exciting cities in the world. What more can you ask for?”
Ramon Lecuona Torras PhD2008, Strategic and International Management MPP (Harvard), BA (Anahuac)
“The accessibility to expert faculty, boundless research projects and rigorous courses at London Business School are supplemented by the London experience to create a unique environment for both academic and personal growth. The PhD students are fully prepared to enter the academic job market with realistic expectations of placement at a top institution and continued success throughout their careers.”
Chris Parker PhD2007, Management Science and Operations MSc (Essex) BS (Oklahoma State)
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PhD Programme overview
The PhD Programme is London Business School’s investment in the future of management teaching and research.
Ours is one of the largest business and management PhD Programmes in Europe, attracting high-quality, international participants. Our PhD students receive a thorough and sophisticated training in the latest methods of enquiry, equipping them for productive academic careers. Their training consists of two parts: coursework to give students a grasp of research skills and the existing body of research knowledge in their field; and a closely supervised thesis. The thesis allows students to conduct a substantial piece of original research. Students work within the following seven subject areas:
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“Give a man a fish and you have fed him for a day; teach him how to fish and you have fed him for his lifetime.’ It is an ancient proverb emphasising the importance of being an independent person. I believe the same applies to research. Doing a PhD means that you become an independent researcher who does not just passively absorb knowledge, but who creates new knowledge based on what is already known. I find that the PhD Programme at London Business School helps students with this endeavour by providing both the skills and knowledge necessary to become successful researchers. The rigorous training, combined with close interaction with faculty and friendly, supportive cohorts, will surely make my journey to become a successful scholar both effective and highly enjoyable.” Chung Won Tae PhD2007, Strategic and International Management MA (Seoul National University) BBA (Ritsumeikan) Profile of recent PhD intakes (2006 to 2010) Women Men Average class intake Age range* 28 42 40% 60% 14 21–41
Accounting Economics Finance Management Science and Operations Marketing Organisational Behaviour Strategic and International Management
Typically, a student completes the PhD Programme within four to five years. In the first two years, students complete core and elective courses in their chosen subject and related areas. They then go on to present a thesis proposal with a view to transferring from MPhil to PhD status. After this, students have 18 months to complete a thesis – an original contribution to their chosen specialisation. On the successful completion of their thesis, they are awarded a London Business School PhD degree. The Programme only runs on a full-time basis and students are expected to live in London throughout.
*Our admissions decisions are taken in accordance with best equal opportunities practice
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Academic years 1 and 2
The academic year begins in early October, and is divided into three, ten-week terms.
During the first two years, students are normally required to take at least 12 courses. As well as PhD courses, students can sometimes choose MBA elective courses (depending on availability) and some courses at other colleges within the University of London. In some cases, a student’s prior experience earns them exemption from particular courses. Most subject areas require students to satisfactorily complete a specialist field exam and a first and/or second year research paper. As part of their training, each PhD student aids faculty with 40 days worth of assistance on research papers, case writing, tutoring and grading. Compulsory courses All students
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Advanced Stochastic Modeling Dynamic Macroeconomics Financial Economics I – Asset Pricing Theory Financial Economics II – Empirical Finance Financial Economics III – Corporate Finance Continuous Time Finance Proseminar in Marketing Marketing Management and Strategy Consumer Behaviour Judgment and Decision Making Micro Organisational Behaviour Macro Organisational Behaviour Readings in Social Psychology Topics in Econometrics International Macroeconomics Strategy Process Strategy Content Analytical Methods in Strategy
Foundations of Business Research
Accounting, Economics and Finance
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Econometrics Microeconomics II
Organisational Behaviour and Strategic and International Management
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Basic Readings in Business Statistical Research Methods Microeconomics I Research Design
*Additional courses may be taken as electives. Course offerings vary from year to year.
Management Science and Operations and Marketing
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Statistical Research Methods or Econometrics Microeconomics I or II Basic Readings in Business Research Design
Specialised courses Students select from the following courses* based on their chosen specialisation:
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PhD Seminars in Accounting I and II Decision Theory Design and Analysis of Experiments Time Series Analysis
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Academic 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 transfer from MPhil to PhD status after successfully presenting and defending their thesis proposal orally to a committee. The committee examines the theory and methodology underlying the research, the areas of application and relevance of the work, and its significance to research in business and management. Thesis A PhD thesis should provide a distinct contribution to the knowledge of the subject and should supply evidence of originality, shown either by the discovery of new facts or by the exercise of independent critical power. In the field of business studies, these requirements demand either original theoretical work or empirical work with primary or secondary data. A worthwhile thesis will offer interesting new insights, but it is expected to go further by underpinning them with scholarship. This ensures that the insights will stand up to the critical scrutiny of experts in the area. Subject area seminars Subject areas run seminars where faculty, research students and visitors present their research. The School attracts internationally renowned speakers and the seminars promote active and lively discussions on contemporary research issues. Students are expected to attend their subject area’s research seminars. Trans-Atlantic Doctoral Conference The School’s annual Trans-Atlantic Doctoral Conference invites students from top US and European business schools to present their research. This popular conference, organised since 2001 by the School’s PhD students, attracts about 100 students each year from schools such as Berkeley, Chicago, Columbia, Duke, INSEAD, MIT, Stanford, Wharton, Harvard, Yale, and NYU. Conferences Students are encouraged to present papers at conferences for which financial assistance from the Programme is available. Visiting students PhD students from other institutions may spend up to one year as a visiting student at London Business School. However, these students are only considered when they have been recommended by a London Business School faculty member and have completed our standard PhD application form (marked ‘visitor’).
Accepted visiting students pay tuition fees on a prorated basis. Unfortunately, financial aid or office space are not available from the Programme. Courses at other University of London colleges Students can take courses at other University of London colleges, such as University College London (UCL) and London School of Economics and Political Science (LSE), depending on local college rules, cost and availability.
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Conference presentations
Recent conference presentations by London Business School’s PhD students
Labor and Capital: Is Debt a Bargaining Tool?, Eleni Simintzi, PhD2007, Finance, European Finance Association Conference, Frankfurt, 2010 Interdependence, Information Processing, and Organization Design: An Epistemic Perspective, Marlo Goetting, PhD2007, Strategic and International Management, Academy of Management, Montreal, 2010 From Interactions to Exchanges: Prior Relationships and Recruitment Performance in Executive Search, Marko Coh, PhD2006, Strategic and International Management, Academy of Management, Montreal, 2010 Uncovering the Process of Executive Mobility, Marko Coh, PhD2006, Strategic and International Management, Strategic Management Society Conference, Rome, 2010 Punishment by Pricing: Contested Practices and Buyer-Supplier Relations, Amandine Ody, PhD2007, Strategic and International Management, Strategic Management Society Conference, Rome, 2010 Auditor Specialization and the Cost of Debt, Yun Lou, PhD2007, Accounting, American Accounting Association Conference, San Diego, 2010 Accounting Conservatism and Cost of Capital, Xi Li, PhD2005, Accounting, American Accounting Association Conference, San Diego, 2010 Boundary Work in Groups: Locus and Function as Dimensions Influencing Group Effectiveness, Amanda Ferguson, PhD2007, Organisational Behaviour, INGRoup Conference, Washington DC, 2010 Predicting Inferences about Business Schools: Recognition Heuristic vs. Its New Rival Mean-Variance Model, Yvetta Simonyan, PhD2006, Marketing, Behavioural Decision Research in Marketing Conference, Pittsburgh, 2010 When to Allow Buyers to Sell? Bundling in Mixed Two-Sided Markets, Ming Gao, PhD2005, Economics, Royal Economic Society Meeting, London, 2010 Insider Trade Disclosure, Market Efficiency, and Liquidity, Andrea Buffa, PhD2007, Finance, Western Finance Association, San Diego, 2009
Labor Laws and Innovation, Ramin Baghai-Wadji, PhD2006, Finance, Western Finance Association, San Diego, 2009 Revenue Management for Online Advertising Using Advertising Networks, Sami Najafi-Asadolahi, PhD2005, Management Science and Operations, INFORMS Annual Meeting 2009, San Diego, 2009
“I believe the best thing about the PhD Programme at London Business School is the close interaction with worldclass faculty on a day to day basis. Nothing beats discussing face to face with the experts in your field.”
Clemens Otto PhD2007, Finance Diplom Kaufmann (Cologne), CEMS Masters in International Management (HEC Paris / Cologne)
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Placement highlights
2010
Eva Ascarza Marketing, Columbia University Ramya Ranganathan Organisational Behaviour, IIM Bangalore Jungsuk Han Finance, Stockholm School of Economics Oguzhan Karakas Finance, Carroll School of Management, Boston College Mihaela Stan Strategic and International Management, University College London Xi Li Accounting, Fox School of Business, Temple University Li Zhang Accounting, Rutgers Business School Ming Gao Economics, Tsinghua University
2009
Georgy 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 Strategic and International Management, INSEAD
2008
Heidi Gardner Organisational Behaviour, Harvard Business School Kai-Yu Hsieh Strategic and International Management, National University of Singapore Felipe Monteiro Strategic and International Management, Wharton School, University of Pennsylvania Jason Sturgess Finance, McDonough School of Business, Georgetown University
2007
Pedro Saffi Finance, IESE, University of Navarra Astrid Schornick Finance, INSEAD Pascale Crama Management Science and Operations, Singapore Management University Susan Lynch Strategic and International Management, INSEAD Dmitry Makarov Finance, New Economics School, Russia
2006
Ana Vidolovska Accounting, London School of Economics Yanling Guan Accounting, University of Hong Kong Jorge Gonzalez Marketing, IESE, University of Navarra Ben Bryant Organisational Behaviour, IMD, Lausanne Jayanth Narayanan Organisational Behaviour, National University of Singapore Michelle Rogan Strategic and International Management, INSEAD
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Subject areas
PhD Programme in Accounting
The objective of the PhD Programme in Accounting is to train students to conduct original academic research dealing with the design and use of accounting information. Studies in this area link substantive accounting issues with theory and methods from Economics and Finance.
During the first year, students acquire an understanding of general accounting principles and can then focus on more specific issues within their area of specialisation. Students begin active research at an early stage and work closely with faculty throughout the programme. Accounting doctoral courses and the group’s weekly seminar series give students the opportunity to tap into recent faculty research and expertise on a wide range of topics, including the role of financial information in capital markets; the effect of corporate disclosure policies on securities markets; corporate governance; private equity; mergers and acquisitions; accounting regulation; valuation of intangible assets; performance measurement; and executive compensation. Recent theses
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“The PhD Programme provides us with a rigorous and creative training experience in the field of Accounting. This is done in an environment of active interaction with other closely linked subject areas. The Accounting faculty ensures great opportunities for exchanging research ideas with top class researchers from around the world which, in turn, stimulates our research and increases our visibility in the academic circle.” Yun Lou PhD2007, Accounting MA (Reading) MA (Universitat Autonoma de Barcelona and University Paris 1-Pantheon-Sorbonne) BA (Zhejiang)
Causes and Consequences of Corporate Financial Reporting (Li) On the Value-Relevance of Financial and Non-Financial Information: The Case of Internally Generated Intangibles (Vidolovska) The Interaction between Mandatory Reporting and Voluntary Disclosure and their Relevance to Equity Market and Credit Market (Zhang)
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Faculty PhD Coordinator Irem Tuna Associate Professor of Accounting BSc (METU) MAS (Illinois) PhD (Michigan)
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Subject areas
PhD Programme in Economics
The Economics programme is designed around two key features making ours a near unique offering – a small number of focused courses provided in areas in which the subject area specialises and a small cadre of students who form a close working relationship both amongst themselves but also most importantly with the Economics faculty.
A crucial feature of our programme is the very high faculty-student ratio. This inevitably results in a close relationship between the student and their supervisor and this is encouraged through our selection process by choosing students who express a mature interest in working in an area in which faculty specialise. Such a student can then be expected to work closely with their supervisor, gain access to leading international conferences and be closely monitored and assisted through the all important job market experience. In their first two years students take six internal economics courses – covering micro, macro and econometrics. The aim of these courses is to equip students with advanced technical skills with which to pursue their studies and to give them access to the current frontiers of research. These courses are taught by our own Faculty and also by visitors. Past visitors have included Acemoglu (MIT), Canova (UPF), Gourinchas (UC Berkeley), Marcet (LSE), Rigobon (MIT) and Sargent (NYU). There is also the option to take courses from other subject areas at London Business School, as well as courses offered at LSE and UCL. While pursuing their coursework students are encouraged to begin their research in their chosen area. The Economics subject area has an outstanding international reputation in key areas of research such as game theory and decision theory, industrial economics, R&D, international macroeconomics and finance, business cycles (both theory and econometrics) as well as fiscal and monetary policy. The Economics faculty is very well published in leading international journals as well as experienced in offering practical advice to a range of governments and institutions. Several faculty members are editors or associate editors of leading international journals. Recent theses
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“Doing a PhD may prove to be the most challenging ‘project’ of your life. At London Business School you will be provided with everything you need to succeed and exceed your limits: A stimulating learning environment, unique access to courses and resources, and most importantly, extraordinary support and leadership from faculty. The PhD at London Business School is different from other programmes in the way students can work and discuss closely with professors, and grow to become top researchers in economics. On campus everything you can dream of is provided so that you can focus on your studies and excel in your field with the support and leadership of faculty.” Fabian Lipinsky PhD2008, Economics, MSc (ESCP-EAP Oxford, Madrid, Paris), BA (Technische Universität Berlin)
Economic Behaviour and Decision Making (Gao) Theory and Empirics of Cross Country Trade in Bonds and Equities (Rahbari) Structural Estimation of Takeover Contests (Sacchetto)
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Faculty PhD Coordinator Hélène Rey Professor of Economics BS (Ecole Nationale de la Statistique et de L’Administration Economique), MS (Stanford) PhD (LSE) PhD (Ecole des Hautes Etudes en Science Sociales)
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Subject areas
PhD Programme in Finance
The Finance Department is the School’s largest group, with 23 full-time faculty members undertaking both theoretical and empirical research, in all of the following areas: asset pricing (equity, fixed income and derivatives); behavioural finance; corporate finance and corporate governance; investment; and market microstructure.
Students are encouraged to think in a creative way, with an emphasis on formal rigour and techniques. The first year provides students with an understanding of the theory and the tools needed to conduct theoretical and applied research. The core courses include Asset Pricing, Corporate Finance, Empirical Finance, Continuous-Time Finance, Microeconomics, and Econometrics. Students are required to write a second year research paper. Recent theses
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Portfolio Choice and Asset Pricing in Incomplete Markets (Chabakauri) Asset Pricing with Imperfect Information (Han) Value of Voting and Other Issues in Corporate Governance (Karakas)
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Faculty PhD Coordinators Francisco Gomes Associate Professor of Finance BA (Universidade Nova de Lisboa) MA PhD (Harvard) Paolo Volpin Associate Professor of Finance BA (Bocconi) MA PhD (Harvard)
“I came to London Business School to learn from the best people in the field of finance. A PhD Programme is a great challenge and at the most difficult times I always remember the words of my former supervisor: ‘aim high and follow your dreams, this is the key to happiness’. ”
Irina Zviadadze PhD2008, Finance, MA (European University at St Petersburg) MS (St Petersburg State University)
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Subject areas
PhD Programme in Management Science and Operations
The Management Science and Operations (MSO) concentration focuses on quantitative decision making. The research undertaken in MSO typically involves developing and analysing models of business problems faced under uncertainty.
Students have a strong analytical background, often holding a Bachelors or Masters degree in mathematics, physics, engineering or quantitative economics. Student participation in faculty’s collaborative research projects provides a unique opportunity to work as part of a team and to gain invaluable experience. Students can specialise in one of two main areas: decision sciences or operation management. Multidisciplinary research combining elements from both areas is also welcome. The two areas cover the following topics among others: Decision sciences
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First year courses provide a theoretical and methodological preparation for undertaking research in one of the above areas. In addition to coursework assessments, students write a second year research paper and need to pass a comprehensive exam in their second year. Recent theses
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Applications of Discontinuous Structural Finite Mixture and RegimeSwitching Time-Series Models to Electricity Price Risk (Chen) Introduction of Technological Innovations: Valuation, Selection and Timing (Grushka-Cockayne) Service Combinative Capabilities and Service Operations Strategy: Formulation, Process and Antecedents (Wang)
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Applied statistics and stochastic modelling Computational learning and agent-based simulation Decision analysis and decision support Electricity and energy economics Forecasting Management science / operations research Portfolio optimisation Project, programme and portfolio management Queuing theory Revenue management and pricing Risk analysis Simulation Stochastic and nonlinear optimisation Strategic modelling and simulation System dynamics and feedback systems
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Faculty PhD Coordinators Kristin Fridgeirsdottir Assistant Professor of Management Science and Operations MS PhD (Stanford) Kamalini Ramdas Professor of Management Science and Operations BS (Delhi) MS (Delaware) PhD (Pennsylvania)
Operation management
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Information systems design and analysis Operation systems and strategy Service management Supply chain management Technology management
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Subject areas
PhD Programme in Marketing
The Marketing PhD Programme is designed to train scholars who will conduct research to advance the frontiers of the discipline of marketing, teach marketing at premier universities around the world, and prepare the next generation of marketing doctoral students.
Students in the Marketing PhD Programme have direct access to and work closely with London Business School’s world-renowned marketing faculty. Marketing is an exciting discipline that offers a wide range of areas in which to conduct research and teach. Research topics in Marketing cover the gamut from explaining consumer behaviour to the development of mathematical models to understand and predict firm behaviour and improve marketing practice. Researchers apply a variety of approaches, from experimental tests of psychological theories to econometric models of firm behaviour. The job market for PhDs in marketing is quite attractive, and the ratio of job openings to job candidates is several times higher than that in most academic areas, including economics, psychology, and engineering. Given London Business School’s location and reputation, PhD students at the school have unique access to insights and data from top businesses. Through their research, they have the opportunity to influence the actions and thinking of researchers, managers, consumers, and policy makers around the world. Recent theses
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Modelling Customer Behaviour in Contractual Settings (Ascarza) Retail Product Availability: Empirical and Theoretical Issues (Bruno) Measurement of Competitive Issues in Product Entry Decisions (Gonzalez)
Faculty PhD Coordinator Rajesh Chandy Professor of Marketing MBA (Oklahoma) PhD (USC)
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Subject areas
PhD Programme in Organisational Behaviour
The mission of the Organisational Behaviour subject area is to be the most creative, top quality OB group in the world, through its distinctive high profile research agenda, teaching portfolio, and executive education involvement.
Current work engages issues such as leadership, corporate boards, creativity, group dynamics, cross-cultural teams, family firms, HR / careers, negotiations, and organisational design, considering how these relate to business performance and entrepreneurship. Our work is both theory-driven and close to practice, taking advantage of our position in the heart of London as a leading global centre for business. Faculty in the Organisational Behaviour group are focused on both Micro Organisational Behaviour – the study of individual and group behaviour in an organisational context, and Macro Organisational Behaviour – the study of how institutional and social forces affect organisations and the people in them. We draw heavily on theory from psychology and sociology, and often publish in discipline-based, as well as management journals. We expect PhD students to take four years to complete the degree, during which they will learn to conduct original empirical research, tutor and teach, and internalise the professional values and traditions of the field. Recent theses
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“Studying at London Business School gives me the opportunity to
meet top scholars from around the world. The faculty and students in the OB department come from highly diverse backgrounds and have a variety of research interests, and department research seminars attract leading scholars from other universities to share their knowledge. OB faculty are excited to work with PhD students and involve us early in research projects with them. They encourage us to develop our own research ideas and eagerly help us to bring those ideas to fruition.” Amanda Ferguson PhD2007, Organisational Behaviour MBA BS (Missouri State University)
Expertise Utilization in Project Teams: A Status-Based Account of Process and Performance (Gardner) Meeting the Competing Goals of CSR: Exploring the Potential of Value Diversity in Teams (Ranganathan) Creativity in Groups: the Cognitive, Affective and Social Consequences of Shared Representations on Group Creativity (Ronson)
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Faculty PhD Coordinator Gillian Ku Assistant Professor of Organisational Behaviour AB (Harvard) MS PhD (Northwestern)
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“One of the first things I noticed upon coming to London Business School is that you’re part of the team from day one. The faculty are keen to learn your interests and help you with developing them from the very beginning. Their world-class professional competencies are coupled with a very down-toearth attitude towards incoming PhD students, in combination creating a pleasant and stimulating work environment. Seminars and the Trans-Atlantic Doctoral Conference serve as a vehicle in bringing the world’s top scholars and PhD students to the campus, keeping London Business School’s PhD students in touch with the cutting edge research and people conducting it.”
Marko Coh PhD2006, Strategic and International Management MSc BSc (University of Ljubljana)
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Subject areas
PhD Programme in Strategic and International Management
Research in this area focuses on understanding how organisations create and sustain superior competitive performance, as well as on the processes by which economic value is created and distributed in markets.
This interdisciplinary field draws on concepts and theories from economics, sociology and psychology, and addresses a wide variety of topics that have direct or indirect implications for organisational effectiveness. The entrepreneurship research unit also now resides within the SIM department. We emphasise real world relevance as a core value. Our students should be committed to conducting rigorous research, but also to addressing questions that have significant implications for firms and markets. Students can specialize in e.g. the following areas:
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Competitive strategy Corporate strategy Strategy and organisation Technological change and innovation Entrepreneurship International management Emergence and evolution of markets Structure of market competition
In the first two years, students develop the theoretical knowledge and methodological skills needed to become successful researchers. Compulsory courses include Microeconomics, Basic Readings in Business, Research Design, Strategy Content and Strategy Process. Further requirements depend on the area of specialisation. Student progress is assessed through their coursework, by field examinations at the end of the first and second year, and a compulsory second year research paper and presentation to the department. Recent theses
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Connecting the Dots: Uncovering the Technology Scouting Process (Monteiro) The Context of Organizational Learning (Stan) Organization of Vertical Relationships (Vanneste)
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Faculty PhD Coordinator Brandon Lee Assistant Professor of Strategic and International Management MS PhD (Cornell)
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Applying to the PhD Programme
Funding All students offered a place on the Programme receive a scholarship covering tuition fees and a stipend for four years, subject to satisfactory academic performance. However, students are expected to apply for alternative support for which they are eligible (e.g. ESRC funding). Living costs and accommodation There is currently no residential accommodation at the School, but students can apply for accommodation in some of the University of London Halls of Residence. A number of these also have accommodation for couples and families.
How to apply Applications and all accompanying documents should be submitted by 8 January for entry into the Programme in September / October of the same year. Applicants are expected to hold an undergraduate degree in a relevant discipline, with a final grade which places them in the top 10% of their graduating class. Admission to the programme is very competitive. Although it is not a requirement, most incoming students also hold a Masters degree. All applicants must submit a GMAT or GRE score that is no more than five years old. The minimum required score for this varies according to each subject area, although applicants are unlikely to be short-listed for an interview if their score is less than 650 in the GMAT. For the GRE, which we view as an acceptable alternative to the GMAT, we expect quantitative and analytical scores above the 90th percentile. Some subject areas state which test they would prefer applicants to take (see below). Economics Management Science and Operations Accounting Marketing
www.halls.london.ac.uk
The University of London Housing Services also provides information on privately rented accommodation. Their informative website is a useful starting point.
www.housing.london.ac.uk
Living costs in London vary considerably according to individual circumstances and lifestyle. If you are accepted on the Programme, you will be provided with further information regarding accommodation options that students in the past have opted for.
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Applying to the PhD Programme
Unless you are a native English speaker or have a degree from a university in an English-speaking country (where the language of instruction was English), 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 to be 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. Short-listed applicants will be invited to an interview in February or March to meet faculty and to see the School’s facilities. It is sometimes possible for candidates who are unable to travel to London to be interviewed by telephone. Regrettably, due to the large number of applications received each year, it is not normally possible to arrange meetings with members of faculty prior to an interview. Applicants should submit
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For more information Website Regularly updated information about the School and the Programme can be found on the PhD Programme’s website
www.london.edu/phd
This brochure can also be downloaded from the site. PhD Programme Office If you would like any further information, please contact: PhD Programme Office London Business School Regent’s Park London NW1 4SA UK Tel +44 (0)20 7000 8989 Fax +44 (0)20 7000 8951 Email [email protected] This brochure is available on our website, www.london.edu. If you require a copy of this brochure in large print or Braille, please call +44 (0)20 7000 8989 or email [email protected] Applying online We strongly prefer online applications. Please visit the admissions pages on our website
Completed application form with essays (online) Two academic references (online) Original GMAT or GRE score report Transcript or certified copy of university grades from all past degrees (online or by post) Valid, original TOEFL, IELTS or Cambridge score report (if required)
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An application will not be considered until all of the above items have been received. All items should arrive at the PhD Programme Office by 8 January. GMAT and GRE GMAT and GRE are administered by independent agencies. The tests measure verbal, quantitative and analytical skills and provide an indication of the ability for clear and systematic thought.
www.london.edu/phd
www.gmac.com/gmac/thegmat/ www.gre.org
GRE
GMAT
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Programme management
The PhD Committee comprises representatives from each of the seven subject areas, and members of the administrative team. The Committee is chaired by the PhD Programme Chair, Phanish Puranam.
PhD Programme Office Judith Fry Deputy Director, Academic Affairs Office Judith has overall responsibility for the development and management of the PhD Programme, as well as Academic Affairs administration duties. Responsibilities include the control of budgeting, marketing, planning and admissions. Judith also plays an important role in the pastoral care of the PhD students. Jenny Kovalaine-Kwan PhD Programme Manager Jenny is responsible for the day-to-day administration of the PhD Programme, including course timetabling, co-ordinating the application, interview and offer process, and thesis examination matters. She also maintains the Programme’s website and co-ordinates the production of publicity materials, as well as providing statistical information for the annual HESA and other returns. Loraine Evans PhD Programme Administrator Loraine provides support to the Deputy Director, Academic Affairs Office, and the PhD Programme Manager. Acting as the first point of contact for internal and external enquiries, she is responsible for the dissemination of promotional information about the PhD Programme and the initial processing of applications. Loraine also maintains student and applicant information on the PhD database and in student files and assists with the organisation of various PhD events, such as the orientation programme and social events. Judith Fry Deputy Director, Academic Affairs Office
Jenny Kovalaine-Kwan PhD Programme Manager
Loraine Evans PhD Programme Administrator
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“Doing a PhD is all about learning the ropes properly as, later on, you are going to be only as good as the quality of training you receive during your doctoral years. Here at London Business School, the best known academics are in abundance – so you can learn directly from the masters! Combine that with a programme office dedicated to supporting doctoral students, strong corporate ties that come in handy when your research needs real-life data, and the truly international nature of the programme. London Business School is hard to beat!”
Amit Kakkad PhD2005, Management Science and Operations BSc (DD Institute of Technology, India) MBA (Rollins College, USA)
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Faculty 2010/11
Accounting
Eli Amir BA (Tel Aviv) MSc PhD (University of California, Berkeley) CPA Professor of Accounting Maria Correia Lic (Universidade do Porto) Masters (Universidade Nova de Lisboa) PhD (Stanford) Assistant Professor of Accounting Francesca Franco BS (Bocconi) PhD (Padova) Assistant Professor of Accounting Ningzhong Li BA (Peking) MA (SUNY) PhD (Chicago) Assistant Professor of Accounting Sir Andrew Likierman MA (Oxford) FCMA FCCA Professor of Management Practice Lakshmanan Shivakumar BCom (Madras) MBA PhD (Vanderbilt) Grad CWA (India) Professor of Accounting Eli Talmor BSc (Technion) PhD (North Carolina at Chapel Hill) Professor of Accounting Ane Tamayo BSc (Basque Country) MSc (Heriot-Watt) MPhil (City, London) MS PhD (Rochester) Assistant Professor of Accounting Irem Tuna BSc (Middle East Technical University) MAS (Illinois) PhD (Michigan) Associate Professor of Accounting Oktay Urcan BA (Bogazici) PhD (Texas) Assistant Professor of Accounting Florin Vasvari MA (University of Toronto) PhD (Rotman School of Management, Toronto) Assistant Professor of Accounting Richard Portes BA (Yale) MA DPhil (Oxford) CBE FBA Professor of Economics Lucrezia Reichlin Laurea (Modena) PhD (New York) Professor of Economics Hélène Rey MS (Stanford) PhD (London) Professor of Economics Andrew Scott MSc (London) DPhil (Oxford) Professor of Economics Paolo Surico BA (Bari) Masters (Universitat Pompeu Fabra) PhD (Bocconi) Associate Professor of Economics Brandon Julio BA (Brigham) MS (South Carolina) PhD (Illinois) Assistant Professor of Finance Samuli Knupfer BSc MSc PhD (Helsinki School of Economics) Assistant Professor of Finance Igor Makarov MS (Moscow State) MA (NES) PhD (MIT) Assistant Professor of Finance Narayan Naik BTech (IIT, Bombay) MBA (IIM, Ahmedabad) PhD (Duke) Professor of Finance Anna Pavlova MSc (Moscow State University) MA (New Economic School, Moscow) PhD (Pennsylvania) Associate Professor of Finance Stephen Schaefer MA (Cambridge) PhD (London) Professor of Finance Henri Servaes BSc BBA (European University) MSIA PhD (Purdue) Professor of Finance Raman Uppal BA (Delhi) MA MBA PhD (Wharton) Professor of Finance Vikrant Vig BS (Delhi) MS MBA MiF (Illinois) PhD (Columbia) Associate Professor of Finance Paolo Volpin BA (Bocconi) MA PhD (Harvard) Associate Professor of Finance
Finance
Suleyman Basak BSc (London) MS PhD (Carnegie Mellon) Professor of Finance Joao Cocco BA (Universidade Catolica Portuguesa, Lisbon) MA PhD (Harvard) Associate Professor of Finance Ian Cooper MA (Cambridge) MBA PhD (North Carolina) Professor of Finance Francesca Cornelli BA (Bocconi) PhD (Harvard) Professor of Finance James Dow MA (Cambridge) PhD (Princeton) Professor of Finance Peter Feldhutter BA PhD (Copenhagen) Assistant Professor of Finance Julian Franks BA (Sheffield) MBA (Columbia) PhD (London) Professor of Finance Vito D Gala BA (Bocconi) MBA PhD (Chicago) Assistant Professor of Finance Francisco Gomes BA (Universidade Nova de Lisboa) MA PhD (Harvard) Associate Professor of Finance Joao Gomes BA (Universidade Nova de Lisboa) MA PhD (Rochester) Professor of Finance Alexander Gorbenko MS (MIPT) MA (NES) PhD (Stanford) Assistant Professor of Finance Christopher Hennessy BA (Swarthmore College) MBA PhD (Princeton) Professor of Finance Christian Heyerdahl-Larsen MSc (Cass) PhD (Norwegian School of Management) Assistant Professor of Finance
Management Science and Operations
Nitin Bakshi BTech (Indian Institute of Technology) MS (Stanford) PhD (Pennsylvania) Assistant Professor of Management Science and Operations Derek Bunn MA (Cambridge) MSc PhD (London) Professor of Decision Sciences Zeger Degraeve BSc (Ghent) MBA (Katholieke Universiteit Leuven) PhD (Chicago) Professor of Decision Sciences Victor DeMiguel MSc (Madrid) MS PhD (Stanford) Associate Professor of Decision Sciences, Management Science and Operations Kristin Fridgeirsdottir MS PhD (Stanford) Assistant Professor of Management Science and Operations Jeremie Gallien EngD (Ecole des Mines de Paris) PhD (MIT) Associate Professor of Management Science and Operations
Economics
Jean-Pierre Benoit BA (Yale) PhD (Stanford) Professor of Economics Frederic Malherbe PhD (ECARES, Universite Libre de Bruxelles) Assistant Professor of Economics Leonardo Melosi BA (LUISS Guido Carli) MA PhD (Pennsylvania) Assistant Professor of Economics Joao Montez MSc (Lausanne) MSc (Toulouse) PhD (Lausanne) Assistant Professor of Economics Emre Ozdenoren BA (Middle East Technical University) MA (Bilkent) MA (State University of New York) PhD (Northwestern) Associate Professor of Economics
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Vasiliki Kostami BSc (Athens) MSc (AUEB) PhD (USC) Assistant Professor of Management Science and Operations Kamalini Ramdas BS (Delhi) MS (Delaware) PhD (Pennsylvania) Professor of Management Science and Operations Nicos Savva BA MPhil PhD (Cambridge) Assistant Professor of Management Science and Operations Bruce Weber AB (Harvard) MA PhD (Wharton) Professor of Information Management Song Yang MBA PhD (Chicago) Assistant Professor of Management Science and Operations
Organisational Behaviour
Rob Goffee BA PhD (Kent) Professor of Organisational Behaviour Lynda Gratton BA PhD (Liverpool) Professor of Management Practice in Organisational Behaviour Ena Inesi BSE (Duke) PhD (Stanford) Assistant Professor of Organisational Behaviour Gillian Ku AB (Harvard) MS PhD (Northwestern) Assistant Professor of Organisational Behaviour Henry Moon BS (Maryland) MA (Olkahoma) PhD (Michigan State University) Associate Professor of Organisational Behaviour Celia Moore BA (McGill) MPA (Columbia) PhD (Toronto) Assistant Professor of Organisational Behaviour Nigel Nicholson BA (Cardiff) PhD (Wales) Professor of Organisational Behaviour Margaret Ormiston BA (California) MS (University of California, Berkeley) PhD (HAAS) Assistant Professor of Organisational Behaviour Randall Peterson BS MA (Minnesota) PhD (University of California, Berkeley) Professor of Organisational Behaviour Madan Pillutla BE (BITS, Pilani) PGDM XLRI (Jamshedpur) PhD (British Columbia) Professor of Organisational Behaviour Niro Sivanathan BA MSc (Queen’s) PhD (Northwestern) Assistant Professor of Organisational Behaviour Stefan Thau MSc (Mannheim) PhD (Groningen) Assistant Professor of Organisational Behaviour Xi Zou BBA (Lingnan) MPhil (CUHK) MPhil (Columbia) PhD (Columbia) Assistant Professor of Organisational Behaviour
Marketing
Marco Bertini BA BCom (Melbourne) MBA (IESE Business School, Navarra) DBA (Harvard) Assistant Professor of Marketing Simona Botti BBA (Bocconi) MBA PhD (Chicago) Assistant Professor of Marketing Rajesh Chandy MBA (Oklahoma) PhD (Southern California) Professor of Marketing David Faro MSc (London) PhD (Chicago) Assistant Professor of Marketing Bruce Hardie BCom MCom (Auckland) MA PhD (Pennsylvania) Professor of Marketing Nirmalya Kumar BCom (Calcutta University) MCom (Shivaji University) MBA (Illinois) PhD (Northwestern) Professor of Marketing Anja Lambrecht Diplom-Kauffrau MS (Goethe University and Université Paris-Dauphine) PhD (Goethe University) Assistant Professor of Marketing Kanishka Misra BA (Cambridge) PhD (Northwestern) Assistant Professor of Marketing John Mullins BA (Lehigh) MBA (Stanford) PhD (Minnesota) Associate Professor of Management Practice in Marketing and Entrepreneurship John Roberts BA MComm (Melbourne) MSc PhD (MIT) Professor of Marketing Nader Tavassoli BA MBA (Syracuse) MPhil PhD (Columbia) Professor of Marketing Naufel Vilcassim BSc (Sri Lanka) MBA (Texas) PhD (Cornell) Professor of Marketing
Strategic and International Management
Julian Birkinshaw BSc (Durham) MBA PhD (Western Ontario) Professor of Strategic and International Management Kevin Boudreau BASc (Waterloo) MA (Toronto) PhD (MIT) Assistant Professor of Strategic and International Management Donal Crilly BA (Dublin City) MBA (Hitotsubashi) PhD (INSEAD) Assistant Professor of Strategic and International Management
Gary Dushnitsky BA MSc (Tel Aviv) PhD (New York) Associate Professor of Strategic and International Management Isabel Fernandez-Mateo BA (Carlos III, Madrid), MSc (UPF, Barcelona), PhD (MIT) Assistant Professor of Strategic and International Management Michael Hay BA DPhil (York) Sloan Fellow (London Business School) Professor of Management Practice in Entrepreneurship and Strategic and International Management Ioannis Ioannou BA (Yale) MA PhD (Harvard) Assistant Professor of Strategic and International Management Michael Jacobides BSc (Athens) MA PhD (Wharton) Associate Professor of Strategic and International Management Brandon Lee MS PhD (Cornell) Assistant Professor of Strategic and International Management Costas Markides BA MA (Boston) MBA DBA (Harvard) Professor of Strategic and International Management Louise Mors MBE (Norwegian School of Management) PhD (INSEAD) Assistant Professor of Strategic and International Management Phanish Puranam BE (Delhi) MIB (IIFT, New Delhi) MA PhD (Wharton) Professor of Strategic and International Management Markus Reitzig BS (Konstanz) MS (Kiel) MBR PhD (Munich) Assistant Professor of Strategic and International Management Lourdes Sosa BS (ITESM, Mexico) PhD (MIT) Assistant Professor of Strategic and International Management Don Sull AB MBA DBA (Harvard) Professor of Management Practice in Strategic and International Management Freek Vermeulen MA PhD (Tilburg) Associate Professor of Strategic and International Management
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“Students are encouraged to engage in research early in the Programme: my first year supervisor gave me an opportunity to assist in his project starting from my second semester. Not only did I have a chance to learn how things are done and to have ‘hands-on’ experience, but I was also encouraged to provide my input for the development of the study. The fact that faculty persuade you to submit for publication, even your early works, greatly fosters self-confidence in your ability to produce high-quality research. What I value the most is that they make me feel that they believe in my success!”
Yvetta Simonyan PhD2006, Marketing MBA (Indiana University of Pennsylvania) MS (Yerevan State Medical Institute)
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London Business School
Regent’s Park London NW1 4SA United Kingdom Tel +44 (0)20 7000 7000 Fax +44 (0)20 7000 7001 www.london.edu A Graduate School of the University of London
