Dr Eilnaz Kashefi Pour

Dr Eilnaz Kashefi Pour

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

Contact details

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

Eilnaz is the Deputy Head of the Department of Finance. She joined Birmingham Business School as a Lecturer in Finance after successfully completing a PhD in Finance at Bayes, formerly 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. She was the Programme Director for MSc Financial Management in 2021 and was the Director of Research in the Department of Finance between September 2021 and October 2023. 

Her current research interests are empirical issues in corporate finance with a special focus on capital structure, debt maturity, IPOs, and delistings. She also works in green finance, corporate social responsibility, and national culture.

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. She welcomes new PhD applicants.


Educational Background

  • PhD in Finance (Bayes, formerly Cass, Business School)
  • MSc in International Management with Finance (Queen Mary University of London)
  • BSc in Economics

Teaching Certificates

  • Senior Fellowship of the Higher Education Academy
  • PGCert in Higher Education


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

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


Research Interests

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

Research Grant

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.

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


Published Papers

Pour, E.K., Uddin, M., Murinde, V. and Amini, S. (2023). CEO Power, Bank Risk-Taking and National Culture: International Evidence. Journal of Financial Stability, p.101133

Amini, S., Johan, S., Pour, E.K. and Mohamed, A. (2022). Employee welfare, social capital, and IPO firm survival. Entrepreneurship Theory and Practice, p.10422587221120821

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.  

View all publications in research portal