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PhD Opportunities

Environmental Regulations and Green Data Science

Queen's Management School | PHD

Applications are now CLOSED
Reference Number
Application Deadline
4 June 2021
Start Date
1 October 2021


Queen’s Management School (QMS) invites applications for a PhD studentship in Environmental Regulations and Green Data Science.

The 3-year studentship is fully-funded, covering all fees and living expenses. This stipend will support work towards a PhD, awarded on the basis of original research presented in a written thesis. The studentship is intended to support research into a substantive area of Sustainable Finance under the supervision Dr Theodor Cojoianu, Prof. Declan French and Prof. Andreas Hoepner.

The position is being funded by a grant from the Queen’s Management School, the NI Department for Economy and Sociovestix Labs Ltd. and will run from 2021 to 2024. The successful candidate will have the opportunity to adjust and develop the aims of the project according to their particular interests and future aspirations, centred around the theme of environmental policies and green data science.

In the past decade, over 390 green finance policy initiatives aimed at greening the financial sector have been spearheaded by various public authorities around the world (including governments, central banks, financial regulators, and public financial institutions). So far, scholarship has offered insights into how traditional environmental policy such as carbon taxes, emission trading schemes or low carbon R&D subsidies impact green financing, innovation and financial performance. However, we still know surprisingly little about the impact of green finance policies on the real economy and the financial sector itself. In particular, we run major knowledge and policy deficits in managing climate risks in primary capital markets. This is a major gap considering over $10 trillion of new finance are raised annually through investment banking products and services alone. Furthermore, we still have a limited understanding of the effectiveness of green finance measures and how they interact with other existing environmental policy regimes across countries; particularly how they might be undercut by subsidy regimes towards emission intensive industries that governments pursue in parallel.

In addition, historically, it has been challenging to understand in a systematic way what the views of different organisations are with respect to the environmental / green finance policies they are subject to, and ultimately how they are impacted by these policies. However, with the rise of natural language processing and data science, it is now possible to process large amounts of information – including company disclosures related to policy developments, and thus obtain an early indication on the perception and likely impact a particular environmental policy may have on a given sector.

Thus, the research aims of the PhD studentship are:
-To develop data science tools to measure and analyse the attention and sentiment of different organisations towards sustainable finance policies.
-To quantitatively analyse whether the attention and sentiment of different organisations towards upcoming policies are a useful signal for the direction of impact that green finance policies will ultimately have.

This project takes place within Queen’s Management School located at Riddel Hall in Belfast, offering world-class research facilities. The successful candidate would be able to draw upon and will be supported by a team of internationally renowned researchers in Sustainable Finance.

As a member of the prestigious Russell Group of research-intensive universities, Queen’s University Belfast has an outstanding reputation and tradition for research excellence. The results of the 2014 Research Excellence Framework (REF) placed Queen’s University eighth in the UK for research intensity. QMS is one of UK’s leading Management Schools. The School has an excellent track record in research. QMS has a vibrant PhD student community and a broad international network of academic support.

The post is open to start any time before October 2021.

The deadline for applications is: 4th of June 2021.

Salary Scale: Subject to eligibility for a full award (covering stipend and fees) the standard rate for 2020-21 is: stipend

Apply to the Direct online portal here with your CV, cover letter and brief proposal on how you would research the topic mentioned above.

Informal enquiries may be directed to: Dr Theodor Cojoianu, The University is committed to an Equal Opportunities Policy.

Funding Information

Salary Scale: Subject to eligibility for a full award (covering stipend and fees) the standard rate for 2020-21 is: stipend £15,285 (tax free) pa and Home/EU fees at £4,407 pa.

Project Summary
Dr Theodor Cojoianu
Mode of Study

Full-time: 3-year fully funded

Funding Body
Queen’s Management School
Apply now Register your interest

Finance overview

The finance group is an energetic and enterprising research cluster that continuously strives for excellence in both its teaching and its scholarship. The group's research strengths cover finance and financial history, financial markets and institutions and not-for-profit financial institutions. The group has a particular interest in not-for-profit organisations and in financial history. Research students benefit from attending courses and tailor-made reading groups to complete their background preparation in finance. Queen's Management School prides itself on research-led teaching and offers its research students experience as teaching assistants in a variety of undergraduate courses. Students regularly attend the School's various seminar series, which attract leading academics from around the world. Students also present their work at these events, gaining invaluable advice and preparation for the academic job market.

Mode of study/duration

Registration is on a full-time or part-time basis, under the direction of a supervisory team appointed by the University. You will be expected to submit your thesis at the end of three years of full-time registration for PhD, or two years for MPhil (or part-time equivalent).

Course content

Research Information

Associated Research
Corporate finance
Corporate governance and corporate law
Historical asset pricing
Financial crises, manias and bubbles
UK equity markets in the 19th and 20th centuries
UK financial institutions in the 19th and 20th centuries
Capital structure behaviour in UK-quoted firms
Demographic change and international capital flows
Equity, bond, foreign exchange and derivative markets
Long memory, heterogeneity and trend-chasing in financial prices
Price discovery in bond markets
Credit unions
Diversification options for not-for-profit financial institutions
Efficiency and performance of not-for-profit financial institutions
Networks and co-operation benefits for not-for-profit financial institutions

Career Prospects

The School has a proven track-record of placing its PhD graduates in tenure-track research and teaching posts at top universities in the UK and elsewhere.

People teaching you

Postgraduate Administrator

Management School

Learning Outcomes

Course structure


Entrance requirements

Normally a UK 2.1 Honours degree (or equivalent qualification acceptable to the University) and a UK Master's degree in a relevant discipline with a final result of 60% (or equivalent qualification acceptable to the University).

International Students

For information on international qualification equivalents, please check the specific information for your country.

English Language Requirements

Evidence of an IELTS* score of 7.0, with not less than 6.0 in any component, or an equivalent qualification acceptable to the University is required (*taken within the last 2 years).

International students wishing to apply to Queen's University Belfast (and for whom English is not their first language), must be able to demonstrate their proficiency in English in order to benefit fully from their course of study or research. Non-EEA nationals must also satisfy UK Visas and Immigration (UKVI) immigration requirements for English language for visa purposes.

For more information on English Language requirements for EEA and non-EEA nationals see:

If you need to improve your English language skills before you enter this degree programme, INTO Queen's University Belfast offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for admission to this degree.

As a result of the COVID-19 pandemic, we will be offering Academic English and Pre-sessional courses online only from June to September 2020.

  • Academic English: an intensive English language and study skills course for successful university study at degree level
  • Pre-sessional English: a short intensive academic English course for students starting a degree programme at Queen's University Belfast and who need to improve their English.

Tuition Fees

Northern Ireland (NI) 1 £4,500
Republic of Ireland (ROI) 2 £4,500
England, Scotland or Wales (GB) 1 £4,500
EU Other 3 £17,460
International £17,460

1 EU citizens in the EU Settlement Scheme, with settled or pre-settled status, are expected to be charged the NI or GB tuition fee based on where they are ordinarily resident, however this is provisional and subject to the publication of the Northern Ireland Assembly Student Fees Regulations. Students who are ROI nationals resident in GB are expected to be charged the GB fee, however this is provisional and subject to the publication of the Northern Ireland Assembly student fees Regulations.

2 It is expected that EU students who are ROI nationals resident in ROI will be eligible for NI tuition fees, in line with the Common Travel Agreement arrangements. The tuition fee set out above is provisional and subject to the publication of the Northern Ireland Assembly student fees Regulations.

3 EU Other students (excludes Republic of Ireland nationals living in GB, NI or ROI) are charged tuition fees in line with international fees.

All tuition fees quoted are for the academic year 2021-22, and relate to a single year of study unless stated otherwise. Tuition fees will be subject to an annual inflationary increase, unless explicitly stated otherwise.

More information on postgraduate tuition fees.

Finance costs

There are no specific additional course costs associated with this programme.

Additional course costs

All Students

Depending on the programme of study, there may also be other extra costs which are not covered by tuition fees, which students will need to consider when planning their studies . Students can borrow books and access online learning resources from any Queen's library. If students wish to purchase recommended texts, rather than borrow them from the University Library, prices per text can range from £30 to £100. Students should also budget between £30 to £100 per year for photocopying, memory sticks and printing charges. Students may wish to consider purchasing an electronic device; costs will vary depending on the specification of the model chosen. There are also additional charges for graduation ceremonies, and library fines. In undertaking a research project students may incur costs associated with transport and/or materials, and there will also be additional costs for printing and binding the thesis. There may also be individually tailored research project expenses and students should consult directly with the School for further information.

How do I fund my study?
1.PhD Opportunities

Find PhD opportunities and funded studentships by subject area.

2.Funded Doctoral Training Programmes

We offer numerous opportunities for funded doctoral study in a world-class research environment. Our centres and partnerships, aim to seek out and nurture outstanding postgraduate research students, and provide targeted training and skills development.

3.PhD loans

The Government offers doctoral loans of up to £26,445 for PhDs and equivalent postgraduate research programmes for English- or Welsh-resident UK and EU students.

4.International Scholarships

Information on Postgraduate Research scholarships for international students.

Funding and Scholarships

The Funding & Scholarship Finder helps prospective and current students find funding to help cover costs towards a whole range of study related expenses.

How to Apply

Apply using our online Postgraduate Applications Portal and follow the step-by-step instructions on how to apply.

Find a supervisor

If you're interested in a particular project, we suggest you contact the relevant academic before you apply, to introduce yourself and ask questions.

To find a potential supervisor aligned with your area of interest, or if you are unsure of who to contact, look through the staff profiles linked here.

You might be asked to provide a short outline of your proposal to help us identify potential supervisors.