• United Kingdom

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Personal profile

Personal Statement

I joined the University of Strathclyde in April 2007 as a Senior Lecturer in Finance. Prior to this I studied Accounting and Finance at undergraduate and postgraduate level at the University of Strathclyde between 1996 and 2003 and was employed as a Lecturer in Finance at the University of Aberdeen between 2003 and 2007.

Expertise & Capabilities

  • Corporate governance
  • Corporate restructuring
  • Security issuance and borrowing source

Research Interests

My research is focused on corporate finance, and specifically corporate governance, corporate restructuring transactions and the source of corporate borrowing. 

I have published in a number of leading international finance journals, including the Journal of Corporate Finance, Journal of Banking and Finance, Journal of Financial Research, Journal of Business Finance and Accounting, and International Business Review.

Teaching Interests

My teaching interests include corporate finance and corporate governance. 

I have taught on a number of undergraduate and postgraduate finance courses at the Universities of Strathclyde and Aberdeen, and have contributed to postgraduate teaching in the Department of Strategy and Organisation at Strathclyde.  I have also led and delivered these courses in Bahrain, Hong Kong, Oman, Switzerland, Tanzania, and the United Arab Emirates. 

I was nominated for Teaching Excellence Awards at Strathclyde in each year from 2012 to 2016.  From 2007 to 2015 I was course director for the honours finance degree at Strathclyde.  During this period the finance degree consistently achieved above 90% overall satisfaction in the National Student Survey (NSS), which has fed into the department being rated in the top 5 UK universities for Accounting and Finance in the Times, the Independent, and the Guardian.

Education/Academic qualification



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Research Output 2005 2019

  • 15 Article
  • 5 Paper
  • 1 Chapter
  • 1 Entry for encyclopedia/dictionary
2 Citations (Scopus)

The market reaction to debt announcements: UK evidence surrounding the global financial crisis

Marshall, A., McCann, L. & McColgan, P., 31 Jan 2019, In : British Accounting Review. 51, 1, p. 92-109 18 p.

Research output: Contribution to journalArticle

Global financial crisis
Bank loans
Market reaction
2 Citations (Scopus)

Financing, fire sales, and the stockholder wealth effects of asset divestiture announcements

Finlay, W., Marshall, A. & McColgan, P., 30 Jun 2018, In : Journal of Corporate Finance. 50, p. 323-348 26 p.

Research output: Contribution to journalArticle

Open Access
Wealth effect


An analysis of firm life cycle and financial distress : evidence from UK divestitures

Author: Finlay, W., 1 Jun 2012

Supervisor: McColgan, P. (Supervisor) & Marshall, A. (Supervisor)

Student thesis: Doctoral Thesis

Activities 2019 2019

  • 1 Invited talk

Presentation at the 2019 Financial Management Association Annual Meeting

Dimitris Andriosopoulos (Contributor), Patrick McColgan (Contributor), David Hillier (Contributor), Athanasios Tsekeris (Speaker)
23 Oct 201926 Oct 2019

Activity: Talk or presentation typesInvited talk