Arman Eshraghi, 金融學博士
金融及金融科技課程教授
聯絡資料
辦公室：G2202A
辦公室電話：8590 2493
電郵：arman@cityu.edu.mo
ORCID: 0000-0002-7406-1725
Scopus: 55453884400
學歷
愛丁堡大學金融學博士
愛丁堡大學學術實踐研究生證書
謝里夫理工大學工商管理碩士 (金融方向)
謝里夫理工大學電機工程學士
高等教育學院會士
簡介
Arman Eshraghi教授，擁有二十年的學術研究、教學及領導經驗，曾任職於英國多所高校（卡迪夫大學、愛丁堡大學、曼徹斯特大學），並曾在美國、英國、日本、新西蘭等地擔任訪問學者；在投身學術界之前，他還曾在銀行業積累了數年的專業經驗。 Eshraghi教授在行為金融學、金融科技以及公司金融與治理等領域的研究成果享譽國際，其研究成果發表於金融、會計及管理學領域的眾多頂級同行評審期刊，包括《金融研究評論》、《金融評論》、《財務管理》、《實證金融學雜誌》、《商業金融與會計雜誌》、《會計、組織與社會》、《英國管理學雜誌》以及《哈佛商業評論》。他的研究工作受到廣泛的媒體報道，包括《金融時報》、《福布斯》、《華盛頓郵報》、彭博社、BBC 和歐洲新聞台。他現任《全球金融雜誌》（Q1區，ABDC A級）主編，以及《英國會計評論》（Q1區，ABDC A*級）和《歐洲金融雜誌》（Q1區，ABDC A級）的副主編。
作為活躍於國際學術界的學者，Eshraghi教授已在全球範圍內受邀發表約60場研討會演講和55場主題演講，並共同主持了20場國際學術會議，其中包括歐洲規模最大的幾場金融會議。他曾擔任卡迪夫金融科技研究小組的創始主任，以及行為金融學會（該學會主辦了全球規模最大的行為金融系列會議）的聯合主任；此外，他還透過Fintech Scotland、Fintech Wales及英國政府等管道，積極參與英國金融政策的探討。 Eshraghi教授也是一位屢獲殊榮的教育工作者，教學足跡遍及MBA、理學碩士（MSc）及博士（PhD）等多個層次。他曾在11個國家教授過各類金融課程，並在高管教育與公眾交流方面擁有豐富經驗。例如，他曾發表的關於金融科技的TEDx演講在YouTube上的觀看量達約25萬次，同時，他也積極參與金融科技及其他媒體活動。
教學科目
公司金融，行為金融學，金融科技，金融市場，金融分析
研究方向
行為金融學，金融市場，金融科技，公司金融，可持續金融
工作經驗
全職
2026- 澳門城市大學金融學院金融學教授
2018-2025 卡迪夫大學金融與投資學講座教授
2016-2018 愛丁堡大學金融學副教授
2013-2016 愛丁堡大學金融學助理教授
2012-2013 愛丁堡大學金融學博士後研究員
訪問經歷
2025- 劍橋大學賈吉商學院訪問學者
2025- 卡迪夫大學金融學名譽教授
2024 哈佛商学院訪問學者
2024 阿聯酋沙迦美國大學訪問教授
2023 坎特伯雷大學厄斯金研究員 (Erskine Fellow)
2018 日本政策投资银行下村研究員 (Shimomura Fellow)
2013-2016 倫敦大學學院研究員
2010-2011 曼徹斯特大學聯盟商學院訪問博士研究員
2008-2012 倫敦大學學院訪問博士研究員 (兼任)
編輯經歷
2026- 主編，Global Finance Journal (Elsevier, Q1, ABDC A, IF: 5.2)
2021-2025 主編，International Review of Economics and Finance (Elsevier, Q1, ABDC A, IF: 5.6)
2026- 副主編，British Accounting Review (Elsevier, Q1, ABDC A*, IF: 9.4)
2025- 副主編，European Journal of Finance (Taylor & Francis, Q1, ABDC A, IF: 2.2)
2019-2025 高級副主編，Finance Research Letters (Elsevier, Q1, ABDC A, IF: 6.9)
2020-2025 高級副主編，Global Finance Journal (Elsevier, Q1, ABDC A, IF: 5.5)
2023- 副主編，Economic Modelling (Elsevier, Q1, ABDC A, IF: 4.2)
出版論文
- Li, X., Tosun, OK, & Eshraghi, A. (2026). CEO values and corporate ESG performance. Corporate Governance: An International Review
- Hafeez, B., Tosun, OK, & Eshraghi, A. (2026). The market value of political alignment: Recent US evidence. Finance Research Letters , 109758.
- Atawnah, N., Michael, M., Eshraghi, A., & Zaman, R. (2026). Corporate general counsels and investment efficiency: Novel evidence. Journal of Business Finance and Accounting , 53 (1), 578–608.
- Chen, J., Eshraghi, A., & Yang, S. (2026). Fintech and risk implications: a review of a collection of new studies (Editorial) . The European Journal of Finance , 1-8.
- Eshraghi, A., Liang, W., & Wang, Q. (2026). Real estate investment and asset return dynamics: Evidence from REITs. Journal of Real Estate Finance and Economics .
- Eshraghi, A., Urquhart, A., & Wang, Q. (2026). Recent advances in financial technology (Editorial). European Journal of Finance
- Irfan, S., Hoque, HAAB, & Eshraghi, A. (2026). Board co-option and its ecological costs: evidence of increased biodiversity risk. Journal of Accounting Literature , 1-28.
- Abbassi, W., Nasr, H., Boubaker, S., & Eshraghi, A. (2025). Financial statement readability and firm debt choice. Financial Management .
- Cheema, A., Eshraghi, A., & Wang, Q. (2024). Macroeconomic news and Monday synchronicity. Journal of Empirical Finance , 77 , 101487.
- Tosun, OK, Eshraghi, A., & Vigne, S. (2024). The financial cost/benefit of a political stand: Evidence from the Russia-Ukraine war. Journal of International Money and Finance , 147 , 103124.
- Boubaker, S., Eshraghi, A., & Liu, Y. (2024). Stock liquidity sidedness and share repurchase. International Review of Financial Analysis , 95 , 103468.
- Atawnah, N., Eshraghi, A., & Baghdadi, GA (2024). Managerial ability and firm value: A new perspective. Research in International Business and Finance , 67 , 102144.
- Liu, A., Jahanshahloo, H., Chen, J., & Eshraghi, A. (2023). Trading patterns in the Bitcoin market. European Journal of Finance .
- Altanlar, A., Amini, S., Holmes, P., & Eshraghi, A. (2023). Opportunism, overconfidence and irrationality: A puzzling triad. International Review of Financial Analysis , 88 , 102643.
- Tosun, OK, Eshraghi, A., & Muradoglu, G. (2023). Learning financial survival from disasters. Journal of International Financial Markets, Institutions and Money , 85 , 101778.
- Alzayed, N., Eskandari, R., Eshraghi, A., & Yazdifar, H. (2023). Revisiting corporate governance and financial risk-taking. International Journal of Finance & Economics.
- Alharbi, S., Atawnah, N., Ali, J., & Eshraghi, A. (2023). Gambling culture and earnings management: A novel perspective. International Review of Economics and Finance , 86 , 552–570.
- Han, X., Sakkas, N., Danbolt, J., & Eshraghi, A. (2022). Persistence of investor sentiment and market mispricing. Financial Review , 57 (4), 785–811.
- Tosun, OK, Jin, L., Taffler, R., & Eshraghi, A. (2022). Fund manager skill: Selling matters more! Review of Quantitative Finance and Accounting , 59 (3), 969–994.
- Tosun, OK, & Eshraghi, A. (2022). Corporate decisions in times of war: Evidence from the Russia-Ukraine conflict. Finance Research Letters , 48 , 102920.
- Orihara, M., & Eshraghi, A. (2022). Corporate governance compliance and herding. International Review of Financial Analysis , 80 , 102029.
- Tosun, OK, Eshraghi, A., & Muradoglu, G. (2021). Staring death in the face: Financial impact of corporate exposure to prior disasters. British Journal of Management , 32 (4), 1179–1196.
- Lukas, M., Eshraghi, A., & Danbolt, J. (2021). Investment transparency and the disposition effect. European Financial Management , 27 (5), 844–864.
- Jin, L., Taffler, R., Eshraghi, A., & Tosun, OK (2020). Fund manager conviction and investment performance. International Review of Financial Analysis , 71 , 101489.
- Nguyen, D., Hagendorff, J., & Eshraghi, A. (2019). A CEO's decision-making is shaped by whether their parents were immigrants. Harvard Business Review .
- Nguyen, D., Hagendorff, J., & Eshraghi, A. (2018). Does CEO cultural heritage affect performance under competitive pressure? Review of Financial Studies , 31 (1), 97–141.
- Taffler, R., Spence, C., & Eshraghi, A. (2017). Emotional economic man: Calculation and anxiety in fund management. Accounting, Organizations and Society , 61 , 53–67.
- Nguyen, D., Hagendorff, J., & Eshraghi, A. (2015). Can bank boards prevent misconduct? Review of Finance , 19 (4), 1497–1552.
- Eshraghi, A., & Taffler, R. (2015). Heroes and victims: Fund manager sense-making, self-legitimation and storytelling. Accounting and Business Research , 45 (6-7), 691–714.
- Nguyen, D., Hagendorff, J., & Eshraghi, A. (2014). Which executive characteristics create value in banking? Corporate Governance: An International Review , 22 (3), 236–260.
- Eshraghi, A., & Taffler, R. (2012). Hedge funds and unconscious fantasy. Accounting, Auditing & Accountability Journal , 25 (8), 1244–1265.
研究項目
- GW4 Building Research Communities Programme, £5000, Co-investigator, 2024
Topic: GW4 Fintech Research Network - Welsh Government Super Sprint Research: £27,600 , Co-investigator, 2022
Topic: Typology of Bitcoin Traders - Cardiff University 'Innovation for All': £19,205, Co-investigator, 2022
Topic: Building Capability in Challenge-Oriented Innovation for Cardiff Capital Region - Scottish Crucible: £4,000, Co-investigator, 2018-19
Topic: Scottish Index of Multiple Deprivation: A Behavioral Economic Analysis - Royal Society of Edinburgh: £2,800, Co-investigator, 2018-19
Topic: A Multidisciplinary Application for Financial Fraud Detection - Carnegie Trust: £4,800, Principal investigator, 2016-17
Topic: Fund Manager Psychology and Investment Performance - University of Edinburgh Principal's Award: £14,500, Principal investigator, 2015-18
Topic: Transforming Finance Education Using Trading Simulation Platforms
榮譽
研究類
2024-26 Chair of Professorial Committee, British Accounting and Finance Association2023 Nominated, Celebrating Excellence Awards (research), Cardiff University
2022-23 Wiley Top-cited Article, The Financial Review
2022 Selected, Cardiff Professorial Leadership Program
2021-23 Shortlisted (three times), Fintech Awards Wales
2018 Selected, Scottish Crucible Fellowship Program
2017 Sustained Excellence Award, University of Edinburgh
2017 Finalist, Scottish Financial Enterprise Rising Star Award
2025 Best Paper Award, New Zealand Finance Colloquium
2016 Best Paper Award Finalist, Financial Management Association Conference , Venice
2015 Best Paper Award, International Review of Financial Analysis Conference , Hamburg
2014-15 Best Paper Award (twice), Behavioral Finance Working Group Conference, London
2014 Highly Commended PhD Research, European Foundation for Management Development
2014 Young Scholar Award for Research in Financial Discourse, European Financial Group
2013 Highly Commended, Emerald Awards for Research Excellence
教學類
2023-25 Nominated, Celebrating Excellence Awards (teaching), Cardiff University
2025 Shortlisted (Best Fintech programme), Fintech Awards Wales
2018 Best Teaching Innovation Award, University of Edinburgh
2016 Best Course Award, University of Edinburgh
2015 Inspirational Teaching Award, University of Edinburgh
2012-18 Nominated (8 times), University of Edinburgh Annual Teaching Awards
2010 Best Teaching Awards Postgraduate Tutor, Alliance Manchester Business School
ABS4*/4/FT50 期刊
《金融研究評論》
《金融評論》
《會計、組織與社會》
《英國管理學雜誌》
《哈佛商業評論》
媒體報道
2025 "Gen Z and Financial Services", Financial Times
2025 "Watching Netflix makes stocks go down", Financial Times (FT Alphaville)
2025 "Reflections on the US-China Tariff War", LBC News (live interview)
2024 "The secretive world of McKinsey's $48 billion hedge fund", The Times
2024 "A guide to saving for your child's financial future", Euronews
2023 “Reflections on UK Global Investment Summit”, LBC News (live interview)
2023 “IMF outlook on UK economy”, Capital/Heart Radio (recorded interview)
2022 “Reactions to the mini-budget”, Capital/Heart Radio (recorded interview)
2022 “Bank of England response to the mini-budget”, LBC News (live interview)
2022 “Financial impact of Russian sanctions”, Asharq - Bloomberg (live interview)
2022 “The new IMF global economic outlook", Asharq - Bloomberg (live interview)
2021 "What banking will look like in 10 years", The Next Web
2021 "Junior bankers and long working hours", GB News (live interview)
2020 "Neurofinance and why some people make money more easily", BBC World
2020 "Tech unlocks the door to corporate fundraising", Financial Times
2018 "New study links a CEO's cultural heritage with corporate performance", Forbes
2018 "A CEO's decision making is shaped by immigration", Harvard Business Review
2018 "Dealing with big egos in the office", Financial Times
2018 "Bank performance and the cultural DNA", Harvard Law School Governance Forum
2018 "High active share may lead to poorer returns", Financial Times
2018 "Brainiac: Banking on immigrants", Boston Globe
2017 "Cultural heritage and corporate performance", BBC Radio
2017 "Cultural heritage affects bank performance under competition", Vox EU
2016 "When bank boards get too cozy, expect misconduct", Vox EU
2013 "Alan Greenspan's tone of voice moved gold prices", Financial Times
2013 "It's not what Fed chairmen say, it's the way they say it", Washington Post
2013 "How Alan Greenspan's 'tone' moved gold and silver",Globe and Mail
2013 “No 1997 Asian Crisis Return as China Trembles”, Bloomberg
2012 “Beware the dangers of overinflated egos”, Financial Times
2019 TEDx Talk,Fintech and the Future of Finance , Cardiff, (250,000+ views on YouTube)
對國際研究理事會的貢獻
博士學位論文校外評審
2025 University of Aarhus, Denmark
Thesis: Essays in Behavioral Corporate Finance
2025 King's College London, UK
Thesis: Network Effects in Retail Investor Decision-Making
2025 ICMA Centre, University of Reading, UK
Thesis: Investor Behavior in GCC Countries
2024 University of Birmingham, UK
Thesis: Economic Implications of Initial Coin Offerings
2024 King's College London, UK
Thesis: Attitudes towards Financial Advice
2024 University of Edinburgh, UK
Thesis: Sleep Loss and Financial Markets
2023 University of Leeds, UK
Thesis: Essays on CEO Overconfidence
2023 University of Bath, UK
Thesis: Essays on Behavioral Finance and Game Theory
2022 Ca'Foscari University of Venice, Italy
Thesis: Essays on Corporate Takeover
2019 University of Glasgow, UK
Thesis: Determinants of M&A Acquirer Performance
2018 King's College London, UK
Thesis: Heterogeneity and Skill in the Forex Market
2017 Trinity College Dublin, Ireland
Thesis: Financial Implications of Precious Metals