Dr Santosh Koirala

Dr Santosh Koirala

The Department of Finance
Lecturer (Assistant Professor) in Finance

Contact details

Birmingham Business School
Room G34, University House
116 Edgbaston Park Road
B15 2TY
United Kingdom

Santosh Koirala is a Lecturer (Assistant Professor) in Finance. He holds a PhD in Finance from the University of Strathclyde. His research interest lies in corporate risk-taking, investment decisions and M&As with a focus on law and regulatory interventions. Santosh was a commercial banker (3 years) and later worked in the public sector (6 years) before joining academia. He also specializes on Emerging Market Finance.

His current research interests include issues in Fintech, Financial Intermediation and Climate Finance.

He welcomes enquiries on research consulting, policy moderation, or PhD supervision.


  • PhD (Finance)
  • MPhil (Finance)
  • MBA (Finance)


  • Financial Markets Regulation
  • Market Microstructure


Research interests: Fintech, financial intermediation, climate finance


Economic policy uncertainty and cross-border mergers and acquisitions: A worldwide evidence (Paudyal K, Thapa C, and Aldhawyan S). Accepted for publication at the Journal of Financial Stability.

When Rain Matters! Investment and Value Relevance (co-authored with Thapa S, Rao S and Suman N). Accepted for publication at the Journal of Corporate Finance). (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3586348)

Access to internal capital, creditor rights and corporate borrowing: Does group affiliation matter?. Journal of Corporate Finance, Vol. 62 (with Thapa, C, Rao, S, Farag, H). (https://doi.org/10.1016/j.jcorpfin.2020.101585)

Koirala, S., Marshall, A., Neupane, S., & Thapa, C. (2018). Corporate governance reform and risk-taking: Evidence from a quasi-natural experiment in an emerging market. Journal of Corporate Finance. Forthcoming