LBS

AccountingEconomicsFinanceManagement Science and OperationsMarketingOrganisational BehaviourStrategic and International Management

PhD Programme

www.london.edu/phd/

4 AboutLondonBusinessSchool

7 PhDProgrammeoverview

11 Placementhighlights

12 Subjectareas

20 ApplyingtothePhDProgramme

22 Programmemanagement

24 Faculty2010/11

www.london.edu/phd/ 3

The Programme’s mission is to educate excellent scholars who will be sought after as faculty in leading business schools, universities and research institutions.

Researchorientedbusinessschoolsoffersomeofthemostexcitingandwell-resourcedenvironmentsinwhichtodointerdisciplinarysocialsciencetoday.AtLondonBusinessSchool,acommitmenttotrainingthenextgenerationofbusinessscholarsiscentraltoourresearchactivities.OurPhDprogrammeleveragestheSchool’sacclaimedresearchfaculty,andprovidesgenerousfundingandinfrastructuralsupport.

OurPhDstudentsworkcloselywithfacultyoncutting-edgeresearchthatspansabroadrangeofdisciplinesandtopics.Throughrigorouscoursework,supervisedandjointresearchwork,webringourstudentsrapidlytothefrontiersofknowledgeintheirchosensubjectarea.Mostgraduatesofourprogrammehavegoneontotakeupintellectuallyandfinanciallyrewardingcareerswithmajorbusinessschoolsandresearchinstitutesaroundtheworld.Theyaremakingtheirmarkthroughscholarshipthatinfluencesthethoughtsandactionsofacademics,businessleadersandpolicymakers.

MycolleaguesandIlookforwardtowelcomingthebestmindstothenextgenerationofbusinessscholarshipatLondonBusinessSchool.

Phanish PuranamLondonBusinessSchoolChairedProfessorofStrategicandInternationalManagementPhDProgrammeChairCo-Director,AdityaBirlaIndiaCentre

4 www.london.edu/phd

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.

London Business School is consistently ranked as one of the best business schools in the world

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 non-UK 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).

n 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

n 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

n 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

n 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

n The School provides full financial support, including a stipend and a tuition fee waiver to all students admitted to the PhD Programme.

Current PhD students by nationality

Rest of the World 12%

The Americas 14%

European Union 44%

Russian Federation 5%

Asia 25%

“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,StrategicandInternationalManagementMPP(Harvard),BA(Anahuac)

6 www.london.edu/phd/

“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,ManagementScienceandOperationsMSc(Essex)BS(OklahomaState)


The PhD Programme is London Business School’s investment in the future of management teaching and research.

PhD Programme overview

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:

n Accounting

n Economics

n Finance

n Management Science and Operations

n Marketing

n Organisational Behaviour

n 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.

“Giveamanafishandyouhavefedhimforaday;teachhimhowtofishandyouhavefedhimforhislifetime.’Itisanancientproverbemphasisingtheimportanceofbeinganindependentperson.Ibelievethesameappliestoresearch.DoingaPhDmeansthatyoubecomeanindependentresearcherwhodoesnotjustpassivelyabsorbknowledge,butwhocreatesnewknowledgebasedonwhatisalreadyknown.

IfindthatthePhDProgrammeatLondonBusinessSchoolhelpsstudentswiththisendeavourbyprovidingboththeskillsandknowledgenecessarytobecomesuccessfulresearchers.Therigoroustraining,combinedwithcloseinteractionwithfacultyandfriendly,supportivecohorts,willsurelymakemyjourneytobecomeasuccessfulscholarbotheffectiveandhighlyenjoyable.”

Chung Won Tae PhD2007, Strategic and International Management MA (Seoul National University) BBA (Ritsumeikan)

Profile of recent PhD intakes (2006 to 2010)

Women 28 40%

Men 42 60%

Average class intake 14

Age range* 21–41

*Our admissions decisions are taken in accordance with best equal opportunities practice


The academic year begins in early October, and is divided into three, ten-week terms.

Academic years 1 and 2

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

n Foundations of Business Research

Accounting, Economics and Finance

n Econometrics

n Microeconomics II

Organisational Behaviour and Strategic and International Management

n Basic Readings in Business

n Statistical Research Methods

n Microeconomics I

n Research Design

Management Science and Operations and Marketing

n Statistical Research Methods or Econometrics

n Microeconomics I or II

n Basic Readings in Business

n Research Design

Specialised courses

Students select from the following courses* based on their chosen specialisation:

n PhD Seminars in Accounting I and II

n Decision Theory

n Design and Analysis of Experiments

n Time Series Analysis

n Advanced Stochastic Modeling

n Dynamic Macroeconomics

n Financial Economics I – Asset Pricing Theory

n Financial Economics II – Empirical Finance

n Financial Economics III – Corporate Finance

n Continuous Time Finance

n Proseminar in Marketing

n Marketing Management and Strategy

n Consumer Behaviour

n Judgment and Decision Making

n Micro Organisational Behaviour

n Macro Organisational Behaviour

n Readings in Social Psychology

n Topics in Econometrics

n International Macroeconomics

n Strategy Process

n Strategy Content

n Analytical Methods in Strategy

*Additional courses may be taken as electives. Course offerings vary from year to year.


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.

Academic years 3 and 4

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.


Recent conference presentations by London Business School’s PhD students

Conference presentations

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 world-class faculty on a day to day basis. Nothing beats discussing face to face with the experts in your field.”Clemens OttoPhD2007, Finance Diplom Kaufmann (Cologne), CEMS Masters in International Management (HEC Paris / Cologne)


Placement highlights

2010Eva Ascarza Marketing,ColumbiaUniversity

Ramya Ranganathan OrganisationalBehaviour,IIMBangalore

Jungsuk Han Finance,StockholmSchoolofEconomics

Oguzhan Karakas Finance,CarrollSchoolofManagement,BostonCollege

Mihaela Stan StrategicandInternationalManagement,UniversityCollegeLondon

Xi Li Accounting,FoxSchoolofBusiness,TempleUniversity

Li Zhang Accounting,RutgersBusinessSchool

Ming Gao Economics,TsinghuaUniversity

2009Georgy Chabakauri Finance,LondonSchoolofEconomics

Yael Grushka-Cockayne ManagementScienceandOperations,DardenSchoolofBusiness

Stefano Sacchetto Economics,CarnegieMellonUniversity

Bart Vanneste StrategicandInternationalManagement,INSEAD

2008Heidi Gardner OrganisationalBehaviour,HarvardBusinessSchool

Kai-Yu Hsieh StrategicandInternationalManagement,NationalUniversityofSingapore

Felipe Monteiro StrategicandInternationalManagement,WhartonSchool,UniversityofPennsylvania

Jason Sturgess Finance,McDonoughSchoolofBusiness,GeorgetownUniversity

2007Pedro Saffi Finance,IESE,UniversityofNavarra

Astrid Schornick Finance,INSEAD

Pascale Crama ManagementScienceandOperations,SingaporeManagementUniversity

Susan Lynch StrategicandInternationalManagement,INSEAD

Dmitry Makarov Finance,NewEconomicsSchool,Russia

2006Ana Vidolovska Accounting,LondonSchoolofEconomics

Yanling Guan Accounting,UniversityofHongKong

Jorge Gonzalez Marketing,IESE,UniversityofNavarra

Ben Bryant OrganisationalBehaviour,IMD,Lausanne

Jayanth Narayanan OrganisationalBehaviour,NationalUniversityofSingapore

Michelle Rogan StrategicandInternationalManagement,INSEAD


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

n Causes and Consequences of Corporate Financial Reporting (Li)

n On the Value-Relevance of Financial and Non-Financial Information: The Case of Internally Generated Intangibles (Vidolovska)

n The Interaction between Mandatory Reporting and Voluntary Disclosure and their Relevance to Equity Market and Credit Market (Zhang)

Faculty PhD Coordinator

Irem Tuna Associate Professor of Accounting BSc (METU) MAS (Illinois) PhD (Michigan)

“ThePhDProgrammeprovidesuswitharigorousandcreativetrainingexperienceinthefieldofAccounting.Thisisdoneinanenvironmentofactiveinteractionwithothercloselylinkedsubjectareas.TheAccountingfacultyensuresgreatopportunitiesforexchangingresearchideaswithtopclassresearchersfromaroundtheworldwhich,inturn,stimulatesourresearchandincreasesourvisibilityintheacademiccircle.”

Yun Lou PhD2007, Accounting MA (Reading) MA (Universitat Autonoma de Barcelona and University Paris 1-Pantheon-Sorbonne) BA (Zhejiang)

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.

Subject areas

PhD Programme in Accounting


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

n Economic Behaviour and Decision Making (Gao)

n Theory and Empirics of Cross Country Trade in Bonds and Equities (Rahbari)

n Structural Estimation of Takeover Contests (Sacchetto)


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)

“DoingaPhDmayprovetobethemostchallenging‘project’ofyourlife.AtLondonBusinessSchoolyouwillbeprovidedwitheverythingyouneedtosucceedandexceedyourlimits:Astimulatinglearningenvironment,uniqueaccesstocoursesandresources,andmostimportantly,extraordinarysupportandleadershipfromfaculty.

ThePhDatLondonBusinessSchoolisdifferentfromotherprogrammesinthewaystudentscanworkanddiscusscloselywithprofessors,andgrowtobecometopresearchersineconomics.Oncampuseverythingyoucandreamofisprovidedsothatyoucanfocusonyourstudiesandexcelinyourfieldwiththesupportandleadershipoffaculty.”

Fabian Lipinsky PhD2008, Economics, MSc (ESCP-EAP Oxford, Madrid, Paris), BA (Technische Universität Berlin)

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.

Subject areas

PhD Programme in Economics


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

n Portfolio Choice and Asset Pricing in Incomplete Markets (Chabakauri)

n Asset Pricing with Imperfect Information (Han)

n Value of Voting and Other Issues in Corporate Governance (Karakas)

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)

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.

Subject areas

PhD Programme in Finance

“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 ZviadadzePhD2008, Finance, MA (European University at St Petersburg) MS (St Petersburg State University)


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

n Applied statistics and stochastic modelling

n Computational learning and agent-based simulation

n Decision analysis and decision support

n Electricity and energy economics

n Forecasting

n Management science / operations research

n Portfolio optimisation

n Project, programme and portfolio management

n Queuing theory

n Revenue management and pricing

n Risk analysis

n Simulation

n Stochastic and nonlinear optimisation

n Strategic modelling and simulation

n System dynamics and feedback systems

Operation management

n Information systems design and analysis

n Operation systems and strategy

n Service management

n Supply chain management

n Technology management

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

n Applications of Discontinuous Structural Finite Mixture and Regime-Switching Time-Series Models to Electricity Price Risk (Chen)

n Introduction of Technological Innovations: Valuation, Selection and Timing (Grushka-Cockayne)

n Service Combinative Capabilities and Service Operations Strategy: Formulation, Process and Antecedents (Wang)

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)

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.

Subject areas

PhD Programme in Management Science and Operations


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

n Modelling Customer Behaviour in Contractual Settings (Ascarza)

n Retail Product Availability: Empirical and Theoretical Issues (Bruno)

n Measurement of Competitive Issues in Product Entry Decisions (Gonzalez)


Rajesh Chandy Professor of Marketing MBA (Oklahoma) PhD (USC)

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.

Subject areas

PhD Programme in Marketing


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

n Expertise Utilization in Project Teams: A Status-Based Account of Process and Performance (Gardner)

n Meeting the Competing Goals of CSR: Exploring the Potential of Value Diversity in Teams (Ranganathan)

n Creativity in Groups: the Cognitive, Affective and Social Consequences of Shared Representations on Group Creativity (Ronson)


Gillian Ku Assistant Professor of Organisational Behaviour AB (Harvard) MS PhD (Northwestern)

“StudyingatLondonBusinessSchoolgivesmetheopportunitytomeettopscholarsfromaroundtheworld.ThefacultyandstudentsintheOBdepartmentcomefromhighlydiversebackgroundsandhaveavarietyofresearchinterests,anddepartmentresearchseminarsattractleadingscholarsfromotheruniversitiestosharetheirknowledge.OBfacultyareexcitedtoworkwithPhDstudentsandinvolveusearlyinresearchprojectswiththem.Theyencourageustodevelopourownresearchideasandeagerlyhelpustobringthoseideastofruition.”

Amanda FergusonPhD2007, Organisational Behaviour MBA BS (Missouri State University)

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.

Subject areas

PhD Programme in Organisational Behaviour


“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-to-earth 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,StrategicandInternationalManagementMScBSc(UniversityofLjubljana)


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:

n Competitive strategy

n Corporate strategy

n Strategy and organisation

n Technological change and innovation

n Entrepreneurship

n International management

n Emergence and evolution of markets

n 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

n Connecting the Dots: Uncovering the Technology Scouting Process (Monteiro)

n The Context of Organizational Learning (Stan)

n Organization of Vertical Relationships (Vanneste)


Brandon Lee Assistant Professor of Strategic and International Management MS PhD (Cornell)

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.

Subject areas

PhD Programme in Strategic and International Management


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.

www.halls.london.ac.ukThe University of London Housing Services also provides information on privately rented accommodation. Their informative website is a useful starting point.

www.housing.london.ac.ukLiving 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.

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).

Applying to the PhD Programme

Economics

Management Science and Operations

Accounting

Marketing


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

n Completed application form with essays (online)

n Two academic references (online)

n Original GMAT or GRE score report

n Transcript or certified copy of university grades from all past degrees (online or by post)

n Valid, original TOEFL, IELTS or Cambridge score report (if required)

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.

GMAT

www.gmac.com/gmac/thegmat/GRE

www.gre.org

For more information

WebsiteRegularly updated information about the School and the Programme can be found on the PhD Programme’s website

www.london.edu/phdThis 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

www.london.edu/phd

Applying to the PhD Programme


PhD Programme Office

Judith Fry Deputy Director, Academic Affairs OfficeJudith 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.

Programme management

Judith Fry Deputy Director, Academic Affairs Office

Jenny Kovalaine-Kwan PhD Programme Manager

Loraine Evans PhD Programme Administrator

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.


“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,ManagementScienceandOperationsBSc(DDInstituteofTechnology,India)MBA(RollinsCollege,USA)


Faculty 2010/11AccountingEli AmirBA (Tel Aviv) MSc PhD (University of California, Berkeley) CPA Professor of Accounting

Maria CorreiaLic (Universidade do Porto) Masters (Universidade Nova de Lisboa) PhD (Stanford) Assistant Professor of Accounting

Francesca FrancoBS (Bocconi) PhD (Padova) Assistant Professor of Accounting

Ningzhong LiBA (Peking) MA (SUNY) PhD (Chicago) Assistant Professor of Accounting

Sir Andrew LikiermanMA (Oxford) FCMA FCCA Professor of Management Practice

Lakshmanan ShivakumarBCom (Madras) MBA PhD (Vanderbilt) Grad CWA (India) Professor of Accounting

Eli TalmorBSc (Technion) PhD (North Carolina at Chapel Hill) Professor of Accounting

Ane TamayoBSc (Basque Country) MSc (Heriot-Watt) MPhil (City, London) MS PhD (Rochester) Assistant Professor of Accounting

Irem TunaBSc (Middle East Technical University) MAS (Illinois) PhD (Michigan) Associate Professor of Accounting

Oktay Urcan BA (Bogazici) PhD (Texas) Assistant Professor of Accounting

Florin VasvariMA (University of Toronto) PhD (Rotman School of Management, Toronto) Assistant Professor of Accounting

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

Frederic MalherbePhD (ECARES, Universite Libre de Bruxelles) Assistant Professor of Economics

Leonardo MelosiBA (LUISS Guido Carli) MA PhD (Pennsylvania) Assistant Professor of Economics

Joao MontezMSc (Lausanne) MSc (Toulouse) PhD (Lausanne) Assistant Professor of Economics

Emre OzdenorenBA (Middle East Technical University) MA (Bilkent) MA (State University of New York) PhD (Northwestern) Associate Professor of Economics

Richard PortesBA (Yale) MA DPhil (Oxford) CBE FBA Professor of Economics

Lucrezia ReichlinLaurea (Modena) PhD (New York) Professor of Economics

Hélène ReyMS (Stanford) PhD (London) Professor of Economics

Andrew ScottMSc (London) DPhil (Oxford) Professor of Economics

Paolo SuricoBA (Bari) Masters (Universitat Pompeu Fabra) PhD (Bocconi) Associate Professor of Economics

FinanceSuleyman BasakBSc (London) MS PhD (Carnegie Mellon) Professor of Finance

Joao CoccoBA (Universidade Catolica Portuguesa, Lisbon) MA PhD (Harvard) Associate Professor of Finance

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

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

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

Peter FeldhutterBA PhD (Copenhagen) Assistant Professor of Finance

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

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

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

Joao GomesBA (Universidade Nova de Lisboa) MA PhD (Rochester) Professor of Finance

Alexander GorbenkoMS (MIPT) MA (NES) PhD (Stanford) Assistant Professor of Finance

Christopher HennessyBA (Swarthmore College) MBA PhD (Princeton) Professor of Finance

Christian Heyerdahl-LarsenMSc (Cass) PhD (Norwegian School of Management) Assistant Professor of Finance

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

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

Igor MakarovMS (Moscow State) MA (NES) PhD (MIT) Assistant Professor of Finance

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

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

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

Henri ServaesBSc BBA (European University) MSIA PhD (Purdue) Professor of Finance

Raman Uppal BA (Delhi) MA MBA PhD (Wharton) Professor of Finance

Vikrant VigBS (Delhi) MS MBA MiF (Illinois) PhD (Columbia) Associate Professor of Finance

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

Management Science and OperationsNitin BakshiBTech (Indian Institute of Technology) MS (Stanford) PhD (Pennsylvania) Assistant Professor of Management Science and Operations

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

Zeger DegraeveBSc (Ghent) MBA (Katholieke Universiteit Leuven) PhD (Chicago) Professor of Decision Sciences

Victor DeMiguelMSc (Madrid) MS PhD (Stanford) Associate Professor of Decision Sciences, Management Science and Operations

Kristin FridgeirsdottirMS PhD (Stanford) Assistant Professor of Management Science and Operations

Jeremie GallienEngD (Ecole des Mines de Paris) PhD (MIT) Associate Professor of Management Science and Operations


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

Kamalini RamdasBS (Delhi) MS (Delaware) PhD (Pennsylvania) Professor of Management Science and Operations

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

Bruce WeberAB (Harvard) MA PhD (Wharton) Professor of Information Management

Song YangMBA PhD (Chicago) Assistant Professor of Management Science and Operations

MarketingMarco BertiniBA BCom (Melbourne) MBA (IESE Business School, Navarra) DBA (Harvard) Assistant Professor of Marketing

Simona BottiBBA (Bocconi) MBA PhD (Chicago) Assistant Professor of Marketing

Rajesh ChandyMBA (Oklahoma) PhD (Southern California) Professor of Marketing

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

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

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

Anja LambrechtDiplom-Kauffrau MS (Goethe University and Université Paris-Dauphine) PhD (Goethe University) Assistant Professor of Marketing

Kanishka MisraBA (Cambridge) PhD (Northwestern) Assistant Professor of Marketing

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

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

Nader TavassoliBA MBA (Syracuse) MPhil PhD (Columbia) Professor of Marketing

Naufel VilcassimBSc (Sri Lanka) MBA (Texas) PhD (Cornell)

Professor of Marketing

Organisational BehaviourRob GoffeeBA PhD (Kent) Professor of Organisational Behaviour

Lynda GrattonBA PhD (Liverpool) Professor of Management Practice in Organisational Behaviour

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

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

Henry MoonBS (Maryland) MA (Olkahoma) PhD (Michigan State University) Associate Professor of Organisational Behaviour

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

Nigel NicholsonBA (Cardiff) PhD (Wales) Professor of Organisational Behaviour

Margaret OrmistonBA (California) MS (University of California, Berkeley) PhD (HAAS) Assistant Professor of Organisational Behaviour

Randall PetersonBS MA (Minnesota) PhD (University of California, Berkeley) Professor of Organisational Behaviour

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

Niro SivanathanBA MSc (Queen’s) PhD (Northwestern) Assistant Professor of Organisational Behaviour

Stefan ThauMSc (Mannheim) PhD (Groningen)

Assistant Professor of Organisational Behaviour

Xi ZouBBA (Lingnan) MPhil (CUHK) MPhil (Columbia) PhD (Columbia)

Assistant Professor of Organisational Behaviour

Strategic and International ManagementJulian BirkinshawBSc (Durham) MBA PhD (Western Ontario) Professor of Strategic and International Management

Kevin BoudreauBASc (Waterloo) MA (Toronto) PhD (MIT) Assistant Professor of Strategic and International Management

Donal CrillyBA (Dublin City) MBA (Hitotsubashi) PhD (INSEAD) Assistant Professor of Strategic and International Management

Gary DushnitskyBA MSc (Tel Aviv) PhD (New York) Associate Professor of Strategic and International Management

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

Assistant Professor of Strategic and International Management

Michael HayBA DPhil (York) Sloan Fellow (London Business School) Professor of Management Practice in Entrepreneurship and Strategic and International Management

Ioannis IoannouBA (Yale) MA PhD (Harvard) Assistant Professor of Strategic and International Management

Michael JacobidesBSc (Athens) MA PhD (Wharton) Associate Professor of Strategic and International Management

Brandon LeeMS PhD (Cornell) Assistant Professor of Strategic and International Management

Costas MarkidesBA MA (Boston) MBA DBA (Harvard) Professor of Strategic and International Management

Louise MorsMBE (Norwegian School of Management) PhD (INSEAD) Assistant Professor of Strategic and International Management

Phanish PuranamBE (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 SosaBS (ITESM, Mexico) PhD (MIT) Assistant Professor of Strategic and International Management

Don SullAB MBA DBA (Harvard) Professor of Management Practice in Strategic and International Management

Freek VermeulenMA PhD (Tilburg) Associate Professor of Strategic and International Management


“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,MarketingMBA(IndianaUniversityofPennsylvania)MS(YerevanStateMedicalInstitute)

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

LBS

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