Professor David NewtonBSc, PhD, MBA
Professor of FinanceE-mail: David.Newton@nottingham.ac.uk
Tel: +44 (0) 115 8467414
My research interests are in financial instruments and markets. In addition, I co-founded a mathematical finance group with the School of Mathematics at Manchester in 1999 which continues and now also includes doctoral students drawn from the School of Mathematics at Nottingham, mixing with my other students with finance or economics backgrounds.
If you are interested in applying to research with me towards a PhD, please click on "Links" - where you will find more about my research group and my c.v. You are welcome to e-mail me.
Since shortly after arriving at the business school, I was first Divisional Research Director then Head of Division for Accounting and Finance until it was split in 2012 as part of our new initiative in Accounting. I also set up the joint mathematics/finance masters and undergraduate programmes with the Business School and the School of Mathematics. I shall be on Study Leave until October 2013, concentrating on my research group.
I am External Examiner for the MBA programme at Cranfield School of Management, External Examiner for the Mathematical Finance programme at Judge Business School Cambridge and Visiting Fellow at Manchester Business School, where I still teach an MBA elective annually. I am also linked with the Centre for Global Finance on our Ningbo campus.
My research has two major strands:
Financial instruments and markets. Recently researched areas include the role of financial flexibility in capital structure; information risk versus liquidity risk; the performance of actively managed equity funds; under-pricing of seasoned equity offerings; regime-dependent determinants of credit default swap spread changes; reactions of foreign exchange prices to fundamental news announcements.
Financial derivatives. This involves option pricing and what's called mathematical finance. It includes work in what may seem to be different areas but which are actually linked via the techniques; for example, across real estate, financial economics and applied mathematics. Future research will be less about innovative technique for general option pricing problems and more concerned with deeper finance problems combined with advanced mathematical techniques.