Dr Eilnaz Kashefi Pour

The Department of Finance
Senior Lecturer in Finance
Programme Director, MSc Financial Management

Contact details

Department of Accounting and Finance
Birmingham Business School, University of Birmingham
University House
Edgbaston Park Road
B15 2TT

Eilnaz joined Birmingham Business School as a Lecturer in Finance after successfully completing a PhD in Finance at Cass Business School and working as a lecturer in Finance at Swansea University. In 2019 she was promoted to Senior Lecturer in Finance. She teaches different modules to MSc, BSc, and KPMG students. Her outstanding teaching performance led her to be awarded Teaching Innovation in 2016. She has designed and led MSc Wealth Management 2018-2020.

Her current research interests are empirical issues in corporate finance with a special focus on capital structure, debt maturity, IPOs, and delistings. She is a member of the American Finance Association (AFA), Financial Management Association (FMA), European Finance Association (EFA) and European Financial Management Association (EFMA). She is an ad hoc reviewer for a number of finance leading journals such as European Journal of Finance and International Review of Financial analysis. She also engages in grant capturing. 

Eilnaz welcomes outstanding PhD proposals in the area of Corporate Finance.


  • PhD in Finance
  • PGCert in Higher Education
  • MSc in International Management with Finance
  • BSc in Economics


Current Modules:

  • Managerial Finance- BSc Business Management
  • Corporate Restructuring- BSc Accounting and Finance 

Past modules:

  • Theory of Financial Management- MSc Investments
  • Corporate Finance- BSc Engineering with Business
  • Introduction to Finance- KPMG
  • Introduction to Finance- BSc Accounting and Finance
  • Managerial Finance- BSc Business Management  

Award: Teaching Innovation (2016) - University of Birmingham

Postgraduate supervision

  • Tariq Qaysi (PhD)
  • Junchen Li (PhD)


Corporate finance, in particular:

  • Capital structure & Debt maturity
  • IPOs & Delisting
  • Investment

Behavioural Finance, in particular:

  • National Culture 

Research grants

2019- College of Social Sciences Quality Output Support Scheme (CoSS QOSS) Funding

2019 – Green lendings, Funded by Birmingham Business School.

2018 - Pre- and Post-Delisting Performance: A Cross-Country Analysis (with Meziane Lasfer, Cass Business School University of London), Funded by BA/ Leverhulme. 

2017- International Delistings (with Meziane Lasfer, Cass Business School University of London), Funded by Birmingham Business School. 

2014 - Bank CEO Traits and Risk, Funded by Birmingham Business School.


Published Papers

Kashefi‐Pour, E., Amini, S., Uddin, M. and Duxbury, D., (2020), Does Cultural Difference Affect Investment–Cash Flow Sensitivity? Evidence from OECD Countries. British Journal of Management, 31(3), pp.636-658.

Kashefi Pour, E. and Lasfer, M. (2019), Taxes, governance, and debt maturity structure: International evidence. Journal of International Financial Markets, Institutions and Money, 58: 136-161. 

Khansalar, E. and Kashefi Pour, E. (2018), The usefulness of the double entry constraint for predicting earnings. Review of Quantitative Finance and Accounting, pp.1-17. 

Hoque, H. and Kashefi Pour, E. (2018), Bank‐Level and Country‐Level Determinants of Bank Capital Structure and Funding Sources, International Journal of Finance and Economics 23:504–532.

Kashefi Pour, E. (2016), Entering to the Public Bond Market during the Financial Crisis, Journal of Research in International Business and Finance, 39, pp. 102-114.

Kashefi Pour, E. and Khansalar, E. (2015), Does debt capacity matter in the choice of debt in reducing the underinvestment problem?, Journal of Research in International Business and Finance, 34, pp. 251-264.

Kashefi Pour, E. (2015), IPO Survival and CEOs’ Decision-Making Power: The Evidence of China, Journal of Research in International Business and Finance, 33, pp. 247-267.

Kashefi Pour, E. and Lasfer, M. (2013), Why do companies delist voluntarily from the stock market, Journal of Banking and Finance 37, pp. 4850–4860.

Kashefi Pour, E. (2011), The determinants of capital structure across firms’ sizes: The U.K evidence, International Journal of Finance Accounting and Economics Studies 1, pp. 45-73.