The Alliance Manchester Business School’s research combines business and management research with broader science, social science and humanities approaches, including economics, decision theory, statistical modelling and ethnography.
The Productivity Institute (TPI) (Website) brings together world-leading and UK researchers from a range of disciplines and backgrounds, working directly with policymakers and businesses to better understand, measure, and enable improvements in productivity across the whole of the UK, with the aim of improving living standard and well-being.
The Research Associate will be institutionally located in Accounting and Finance in the Alliance Manchester Business School at The University of Manchester, although the position may be undertaken remotely with travel for regular meetings in either London or Manchester. The appointed Research Associate will work closely with Viet Dang (Accounting and Finance) and Dr. Catherine L. Mann (Brandeis University and Bank of England).
The PDRA will work on a project on a 2-year project titled, ‘Short-termism and UK Business Investment: Looking at the Intersection of Finance and Management’.
The project will investigate the following research topics: With regard to short-termism and UK business investment: Firm-level data will be used to assess whether a firm’s investment outcome is related to (1) financial market variables such as EPS guidance, pay-out strategies, or M&A activity; (2) management variables, such as CEO tenure or capability; (3) ownership structure, such as public vs private ownership or domestic UK vs. foreign ownership; (4) investor type, such a bank, asset manager, pension, private-equity; (5) market or economic volatility as it affects the cost of capital and returns. There are both simple and more complex frameworks to guide the analysis and from which to develop specific hypotheses. The simple framework is the investment valuation equation, although there are more technical DSGE models with heterogeneous agents now supporting both parameter-based and empirical-econometric research, and further analytical foundations point to ‘optimal’ short-termism in the face of leverage and macroeconomic uncertainty. The focus of this project is empirical assessment using firm-level data.
What you will get in return:
As an equal opportunities employer we welcome applicants from all sections of the community regardless of age, sex, gender (or gender identity), ethnicity, disability, sexual orientation and transgender status. All appointments are made on merit.
Our University is positive about flexible working – you can find out more here
Hybrid working arrangements may be considered.
Please note that we are unable to respond to enquiries, accept CVs or applications from Recruitment Agencies.
Any recruitment enquiries from recruitment agencies should be directed to People.Recruitment@manchester.ac.uk.
Any CV’s submitted by a recruitment agency will be considered a gift.
Enquiries about the vacancy, shortlisting and interviews:
Email:Anthony.Venables@manchester.ac.uk Bart.vanark@manchester.ac.uk
General enquiries:
Email: People.recruitment@manchester.ac.uk
Technical support:
https://jobseekersupport.jobtrain.co.uk/support/home
This vacancy will close for applications at midnight on the closing date.
Please see the link below for the Further Particulars document which contains the person specification criteria.
