Dr Eilnaz Kashefi Pour

Dr Eilnaz Kashefi Pour

The Department of Finance
Associate Professor in Finance
Deputy Head of the Department of Finance

Contact details

Telephone
+44 (0) 121 414 4882
Email
e.kashefipour@bham.ac.uk
View my research portal
Address
Department of Finance
Birmingham Business School, University of Birmingham
University House
Edgbaston Park Road
Birmingham
B15 2TT

Eilnaz Kashefi-Pour is an Associate Professor and Deputy Head of the Department of Finance at Birmingham Business School. She completed her PhD in Finance at Bayes Business School (formerly Cass Business School), City, University of London. Her research focuses on empirical issues in corporate finance, particularly capital structure, debt maturity, initial public offerings (IPOs), and delistings. She also explores areas such as green finance, corporate social responsibility, and the role of national culture in financial decision-making.

Her work has been published in leading peer-reviewed journals, including Entrepreneurship Theory and Practice (FT50), British Journal of Management, and Journal of Banking and Finance. In recognition of her impactful research, she received the Birmingham Business School Award for Research Excellence in 2023.

Eilnaz has been active in securing research funding, having successfully obtained grants from the Financial Conduct Authority (FCA), the British Academy/Leverhulme Trust, the Natural Environment Research Council (NERC), and internal QR funding. These projects have supported work on women in finance, ESG investing, and academic–practitioner engagement.

She has taught a wide range of modules across MSc, BSc, and KPMG programmes and was recognised for her teaching innovation with the Teaching Innovation Award in 2016. She was the Founder and Director of the MSc Wealth Management programme (2018–2020), served as Programme Director for the MSc Financial Management in 2021, and was Director of Research for the Department of Finance from September 2021 to October 2023. In 2024, she also served as Interim Head of the Department of Finance.

Eilnaz currently serves on the editorial board of International Review of Economics and Finance and is an ad hoc reviewer for several leading journals, including British Journal of Management, Journal of Business Finance and Accounting, and European Journal of Finance.

Qualifications


Educational Background

Ph.D. in Finance, Bayes (formerly Cass) Business School, City University London

M.Sc. in International Management with Finance (Merit), Queen Mary University of London

Leadership, Teaching, and Other Qualifications

2025                   Aurora Women Academic Leadership Qualification, Aurora  

2022                   Emerging Leaders Qualification, University of Birmingham

2021                   Senior Fellowship of the Higher Education Academy, University of Birmingham

2014                   Fellowship of the Higher Education Academy, University of Birmingham

2014                   Postgraduate Certificate in Higher Education/ (PGCHE), University of Birmingham

Biography

Eilnaz Kashefi-Pour is an Associate Professor and Deputy Head of the Department of Finance at Birmingham Business School. She completed her PhD in Finance at Bayes Business School (formerly Cass Business School), City, University of London. Her research focuses on empirical issues in corporate finance, particularly capital structure, debt maturity, initial public offerings (IPOs), and delistings. She also explores areas such as green finance, corporate social responsibility, and the role of national culture in financial decision-making.

Her work has been published in leading peer-reviewed journals, including Entrepreneurship Theory and Practice (FT50), British Journal of Management, and Journal of Banking and Finance. In recognition of her impactful research, she received the Birmingham Business School Award for Research Excellence in 2023.

Eilnaz has been active in securing research funding, having successfully obtained grants from the Financial Conduct Authority (FCA), the British Academy/Leverhulme Trust, the Natural Environment Research Council (NERC), and internal QR funding. These projects have supported work on women in finance, ESG investing, and academic–practitioner engagement.

She has taught a wide range of modules across MSc, BSc, and KPMG programmes and was recognised for her teaching innovation with the Teaching Innovation Award in 2016. She was the Founder and Director of the MSc Wealth Management programme (2018–2020), served as Programme Director for the MSc Financial Management in 2021, and was Director of Research for the Department of Finance from September 2021 to October 2023. In 2024, she also served as Interim Head of the Department of Finance.

Eilnaz currently serves on the editorial board of International Review of Economics and Finance and is an ad hoc reviewer for several leading journals, including British Journal of Management, Journal of Business Finance and Accounting, and European Journal of Finance.

She welcomes enquiries from prospective PhD students.

Teaching

Current Modules

  • Alternative Finance- MSc Financial Management
  • Managerial Finance- BSc Business Management

Past modules

  • Theory of Financial Management- MSc Investments
  • Corporate Restructuring- BSc Accounting and Finance 
  • 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

Completed 

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

Current

  • Yuanpei Li (PhD)
  • Zibin Peng (PhD

Research

Research Interests

  • Capital structure & Debt maturity
  • IPOs & Delisting
  • Investment
  • National Culture 
  • Corporate Social Responsibility
  • Green Finance

Research Grant

2025             Financial Conduct Authority (FCA, PI), Access to finance and regulatory impact

2025              QR Research and Knowledge Exchange (PI), Women in Finance

2024              Financial Conduct Authority (FCA), Enterprise funding

2022              NERC/ Discipline Hopping for Environmental Solutions Programme (CI)

2019              College of Social Sciences Quality Output Support Scheme

2018              British Academy/ Leverhulme Small Research Grant (PI), Voluntary delisting

2014-2023     Seed-corn funding (PI), several projects (employee welfare and green financing)

Media Engagement

Eilnaz research has attracted media attention, particularly The Financial Times;

Andrew Bounds, Financial Times, October 1, 2015, “UK case studies: stock market listing and delisting: There are many advantages to a flotation, so why would anyone buy back a company?” 

Meziane Lasfer, Financial Times, July 7, 2015, “Aim’s survival is in the hands of the regulators” 

Jeremy Taylor, Financial Times, July 10, 2015, “Aim must be run for the benefit of its investors” 

Claer Barrett, Financial Times June 19, 2015 “Aim — 20 years of a few winners and many losers: Why has London’s junior

Publications


Selected recent publications:

Amini, S., Johan, S., Kashefi-Pour, E., and Mohamed, A., 2025. Climate change risk, investor sentiment, and the performance of new entrant firms. Small Business Economics, pp.1-28.

Kashefi-Pour, EK., Uddin, M., Murinde, V. and Amini, S., 2023. CEO power, bank risk-taking and national culture: International evidence. Journal of Financial Stability, 67, pp.101133.

Amini, S., Johan, S., Kashefi-Pour, E., and Mohamed, A., 2023. Employee welfare, social capital, and IPO survival. Entrepreneurship Theory and Practice 47(6), pp.2174-2204. (FT50)

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.

Khansalar, E. and Kashefi-Pour, E., 2020. The usefulness of the double entry constraint for predicting earnings. Review of Quantitative Finance and Accounting, 54(1), pp.51-67.31, 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, pp.51-67.

Others:

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, pp.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.  

View all publications in research portal