![Kevin Evans](https://profiles-cardiff.imgix.net/attachments/94?w=200&h=200&auto=format&crop=faces&fit=crop&q=90")
Dr Kevin Evans
Reader in Finance
- EvansK1@cardiff.ac.uk
- +44 29208 74558
- Aberconway Building, Room D49, Colum Road, Cathays, Cardiff, CF10 3EU
- Welsh speaking
- Available for postgraduate supervision
Overview
I am a Reader in Finance at Cardiff Business School. My research interest is how financial markets process information, which includes the broad topics of market reactions to macro news announcements, the financial econometrics of high frequency data and empirical asset pricing. I have published in the Journal of Corporate Finance, JournaI of Banking and Finance and the Journal of Empirical Finance . I am the Director of the Empirical Finance Research Group and active PhD supervisor to 10 students. As demonstrated by numerous awards and nominations, I am a passionate, enthusiastic and dedicated teacher.
Publication
2023
- Evans, K. P., Leung, W. S., Li, J. and Mazouz, K. 2023. ETF ownership and seasoned equity offerings. Journal of Financial and Quantitative Analysis (10.1017/S002210902300042X)
2020
- Leung, W., Evans, K. P. and Mazouz, K. 2020. The R&D anomaly: risk or mispricing?. Journal of Banking and Finance 115, article number: 105815. (10.1016/j.jbankfin.2020.105815)
2018
- Chen, J., Leung, W. and Evans, K. P. 2018. Female board representation, corporate innovation and firm performance. Journal of Empirical Finance 48, pp. 236-254. (10.1016/j.jempfin.2018.07.003)
2016
- Chen, J., Leung, W. S. and Evans, K. P. 2016. Are employee-friendly workplaces conducive to innovation?. Journal of Corporate Finance 40, pp. 61-79. (10.1016/j.jcorpfin.2016.07.011)
2015
- Leung, W. S., Taylor, N. and Evans, K. P. 2015. The determinants of bank risks: evidence from the recent financial crisis. Journal of International Financial Markets, Institutions and Money 34, pp. 277-293. (10.1016/j.intfin.2014.11.012)
2011
- Evans, K. P. 2011. Intraday jumps and US macroeconomic news announcements. Journal of Banking & Finance 35(10), pp. 2511-2527. (10.1016/j.jbankfin.2011.02.018)
- Evans, K. P. and Speight, A. E. H. 2011. Intraday euro exchange rates and international macroeconomic announcements. The European Journal of Finance 17(2), pp. 83-110. (10.1080/13518470903448457)
2010
- Evans, K. P. and Speight, A. E. H. 2010. Dynamic news effects in high frequency Euro exchange rates. Journal of International Financial Markets, Institutions and Money 20(3), pp. 238-258. (10.1016/j.intfin.2010.03.002)
- Evans, K. P. and Speight, A. E. H. 2010. International macroeconomic announcements and intraday euro exchange rate volatility. Journal of the Japanese and International Economies 24(4), pp. 552-568. (10.1016/j.jjie.2010.05.003)
- Evans, K. P. and Speight, A. E. H. 2010. Intraday periodicity, calendar and announcement effects in Euro exchange rate volatility. Research in International Business and Finance 24(1), pp. 82-101. (10.1016/j.ribaf.2009.04.001)
2008
- McMillan, D. G., Speight, A. E. H. and Evans, K. P. 2008. How useful is intraday data for evaluating daily Value-at-Risk?: evidence from three Euro rates. Journal of Multinational Financial Management 18(5), pp. 488-503. (10.1016/j.mulfin.2007.12.003)
- Evans, K. P. and Speight, A. E. H. 2008. Euro exchange rate volatility and macroeconomic fundamentals. Current Politics and Economics of Europe 19(3-4), pp. 267-290.
2007
- Evans, K. P. and Speight, A. E. H. 2007. International macroeconomic announcements and intraday Euro exchange rate volatility. Working paper. Cardiff: Cardiff University. Available at: http://business.cardiff.ac.uk/sites/default/files/A2007_4.pdf
2006
- Evans, K. and Speight, A. 2006. Dynamic news effects in high frequency Euro exchange rate returns and volatility. Working paper. Cardiff: Cardiff University.
- Gannon, J., Evans, K. P. and Goddard, J. 2006. The Stock market effects of the sale of live broadcasting rights for English Premiership Football. Journal of Sports Economics 7(2), pp. 168-186. (10.1177/1527002504271351)
- Evans, K. P. and Speight, A. E. H. 2006. Real-time risk pricing over the business cycle: some evidence for the UK. Journal of Business Finance & Accounting 33(1-2), pp. 263-283. (10.1111/j.1468-5957.2006.01356.x)
Articles
- Evans, K. P., Leung, W. S., Li, J. and Mazouz, K. 2023. ETF ownership and seasoned equity offerings. Journal of Financial and Quantitative Analysis (10.1017/S002210902300042X)
- Leung, W., Evans, K. P. and Mazouz, K. 2020. The R&D anomaly: risk or mispricing?. Journal of Banking and Finance 115, article number: 105815. (10.1016/j.jbankfin.2020.105815)
- Chen, J., Leung, W. and Evans, K. P. 2018. Female board representation, corporate innovation and firm performance. Journal of Empirical Finance 48, pp. 236-254. (10.1016/j.jempfin.2018.07.003)
- Chen, J., Leung, W. S. and Evans, K. P. 2016. Are employee-friendly workplaces conducive to innovation?. Journal of Corporate Finance 40, pp. 61-79. (10.1016/j.jcorpfin.2016.07.011)
- Leung, W. S., Taylor, N. and Evans, K. P. 2015. The determinants of bank risks: evidence from the recent financial crisis. Journal of International Financial Markets, Institutions and Money 34, pp. 277-293. (10.1016/j.intfin.2014.11.012)
- Evans, K. P. 2011. Intraday jumps and US macroeconomic news announcements. Journal of Banking & Finance 35(10), pp. 2511-2527. (10.1016/j.jbankfin.2011.02.018)
- Evans, K. P. and Speight, A. E. H. 2011. Intraday euro exchange rates and international macroeconomic announcements. The European Journal of Finance 17(2), pp. 83-110. (10.1080/13518470903448457)
- Evans, K. P. and Speight, A. E. H. 2010. Dynamic news effects in high frequency Euro exchange rates. Journal of International Financial Markets, Institutions and Money 20(3), pp. 238-258. (10.1016/j.intfin.2010.03.002)
- Evans, K. P. and Speight, A. E. H. 2010. International macroeconomic announcements and intraday euro exchange rate volatility. Journal of the Japanese and International Economies 24(4), pp. 552-568. (10.1016/j.jjie.2010.05.003)
- Evans, K. P. and Speight, A. E. H. 2010. Intraday periodicity, calendar and announcement effects in Euro exchange rate volatility. Research in International Business and Finance 24(1), pp. 82-101. (10.1016/j.ribaf.2009.04.001)
- McMillan, D. G., Speight, A. E. H. and Evans, K. P. 2008. How useful is intraday data for evaluating daily Value-at-Risk?: evidence from three Euro rates. Journal of Multinational Financial Management 18(5), pp. 488-503. (10.1016/j.mulfin.2007.12.003)
- Evans, K. P. and Speight, A. E. H. 2008. Euro exchange rate volatility and macroeconomic fundamentals. Current Politics and Economics of Europe 19(3-4), pp. 267-290.
- Gannon, J., Evans, K. P. and Goddard, J. 2006. The Stock market effects of the sale of live broadcasting rights for English Premiership Football. Journal of Sports Economics 7(2), pp. 168-186. (10.1177/1527002504271351)
- Evans, K. P. and Speight, A. E. H. 2006. Real-time risk pricing over the business cycle: some evidence for the UK. Journal of Business Finance & Accounting 33(1-2), pp. 263-283. (10.1111/j.1468-5957.2006.01356.x)
Monographs
- Evans, K. P. and Speight, A. E. H. 2007. International macroeconomic announcements and intraday Euro exchange rate volatility. Working paper. Cardiff: Cardiff University. Available at: http://business.cardiff.ac.uk/sites/default/files/A2007_4.pdf
- Evans, K. and Speight, A. 2006. Dynamic news effects in high frequency Euro exchange rate returns and volatility. Working paper. Cardiff: Cardiff University.
- Leung, W., Evans, K. P. and Mazouz, K. 2020. The R&D anomaly: risk or mispricing?. Journal of Banking and Finance 115, article number: 105815. (10.1016/j.jbankfin.2020.105815)
- Chen, J., Leung, W. and Evans, K. P. 2018. Female board representation, corporate innovation and firm performance. Journal of Empirical Finance 48, pp. 236-254. (10.1016/j.jempfin.2018.07.003)
- Chen, J., Leung, W. S. and Evans, K. P. 2016. Are employee-friendly workplaces conducive to innovation?. Journal of Corporate Finance 40, pp. 61-79. (10.1016/j.jcorpfin.2016.07.011)
- Leung, W. S., Taylor, N. and Evans, K. P. 2015. The determinants of bank risks: evidence from the recent financial crisis. Journal of International Financial Markets, Institutions and Money 34, pp. 277-293. (10.1016/j.intfin.2014.11.012)
- Evans, K. P. 2011. Intraday jumps and US macroeconomic news announcements. Journal of Banking & Finance 35(10), pp. 2511-2527. (10.1016/j.jbankfin.2011.02.018)
- Evans, K. P. and Speight, A. E. H. 2011. Intraday euro exchange rates and international macroeconomic announcements. The European Journal of Finance 17(2), pp. 83-110. (10.1080/13518470903448457)
- Evans, K. P. and Speight, A. E. H. 2010. Dynamic news effects in high frequency Euro exchange rates. Journal of International Financial Markets, Institutions and Money 20(3), pp. 238-258. (10.1016/j.intfin.2010.03.002)
- Evans, K. P. and Speight, A. E. H. 2010. International macroeconomic announcements and intraday euro exchange rate volatility. Journal of the Japanese and International Economies 24(4), pp. 552-568. (10.1016/j.jjie.2010.05.003)
- Evans, K. P. and Speight, A. E. H. 2010. Intraday periodicity, calendar and announcement effects in Euro exchange rate volatility. Research in International Business and Finance 24(1), pp. 82-101. (10.1016/j.ribaf.2009.04.001)
- McMillan, D. G., Speight, A. E. H. and Evans, K. P. 2008. How useful is intraday data for evaluating daily Value-at-Risk?: evidence from three Euro rates. Journal of Multinational Financial Management 18(5), pp. 488-503. (10.1016/j.mulfin.2007.12.003)
- Evans, K. P. and Speight, A. E. H. 2008. Euro exchange rate volatility and macroeconomic fundamentals. Current Politics and Economics of Europe 19(3-4), pp. 267-290.
- Gannon, J., Evans, K. P. and Goddard, J. 2006. The Stock market effects of the sale of live broadcasting rights for English Premiership Football. Journal of Sports Economics 7(2), pp. 168-186. (10.1177/1527002504271351)
- Evans, K. P. and Speight, A. E. H. 2006. Real-time risk pricing over the business cycle: some evidence for the UK. Journal of Business Finance & Accounting 33(1-2), pp. 263-283. (10.1111/j.1468-5957.2006.01356.x)
Research
Primary research interests
- Macro News Announcements
- Financial Econometrics
- Empirical Asset Pricing
- Momentum
- Investment Management
- ESG and sustainable Investing
- Innovation
PhD Examinations
- Phuc Lam Thy Nguyen, Bangor University, 2021
- Andrea Martin Merizalde, Bangor University, 2019
- Manh Ha Tran, Aston University, 2017
- Suiwu Xiao, Cardiff University, 2016
- Xiaoxi Li, Swansea University, 2015
- Suiwu, Xiao Cardiff University, 2015
- Bola Karimu, University of the West of England, 2015
- Yan Yang, Cardiff University, 2015
Reviewing
Ad hoc reviewing for:
Journal of Banking and Finance (multiple); Journal of Applied Econometrics; Financial Review; European Financial Management; Journal of Business Finance and Accounting; International Review of Economics and Finance; European Journal of Finance; International Review of Financial Analysis; British Accounting Review (multiple); Quarterly Review of Economics and Finance; Journal of Economics and Business; Emerging Markets Finance and Trade; International Journal of Banking, Accounting and Finance; Journal of Sports Economics; Economic Issues; Empirical Economics (multiple); Journal of Corporate Accounting and Finance; Oxford University Press
Teaching
Teaching commitments
- Year 3 Corporate Finance and Strategy
- Year 2 Financial Markets and Institutions
Teaching experience
- Advanced Research Issues in Finance, Banking and Accounting (PhD)
- Research Methods; Research Topics in Finance; Quantitative Methods (MSc)
- Business Finance; International Corporate Finance; Financial Intermediation; Investment Management; British Economy; Macroeconomics; Econometrics (BSc)
Teaching awards
- Certificate of Excellence in Teaching (Undergraduate), 2012, 2013.
- The Martin Evans Award for Excellence in Teaching – High Commendation, 2013, 2016.
- Shortlisted for the Cardiff University Enriching Student Life Award, 2015
- Shortlisted for the Cardiff University Most Innovative Teacher Award, 2015
- Nominated for the Cardiff University Enriching Student Life Award, 2016, 2017
- Nominated for the Cardiff University Most Innovative Teacher Award, 2016, 2017
- Nominated for Cardiff Business School Teaching Award, 2016, 2017
- Winner of Cardiff Business School Teaching Award for Pastoral Care, 2019
External teaching
- Hong Kong University (SPACE) Visiting lecturer (2007 – 2015, 2017 - )
- Hong Kong University (SPACE) External Examiner (2013 – 2016)
- University of London (LSE) Chief Examiner for Financial Intermediation (2013 – 2015)
- University of London (LSE) Examiner for Financial Intermediation (2004 – 2015)
Biography
Prior Appointments
- Senior Lecturer in Finance, Cardiff Business School, 2012-2019
- Lecturer in Finance, Cardiff Business School, 2005-2012
- Lecturer in Economics (part-time), Swansea University, 2002-2004
- Financial Markets Group, State Street Bank and Trust, London, 200-2002
Qualifications
- PhD Financial Economics, U.W. Swansea, 2008
(U. W. Swansea Scholarship and James Callaghan Scholarship)
MSc Economics and Finance (Distinction), Warwick, 1999 Economic and Social Research Council Scholarship
- BSc (Econ) (First Class), U.W. Swansea, 1998 CIMA prize for outstanding academic achievement
Additional activities
- Director Emprical Finance Research Group
- Director MSc Finance
- ICT Committee
- Cardiff University Finance and Trading Society
- Trading Room Advisory Committee
- Accounting and Finance BAR Research Register
- External Examiner, Hong Kong University
Supervisions
I am interested in supervising students in the following research areas:
- Macro news announcements
- Jumps in financial markets
- Empirical asset pricing
- Momentum
- Investment Management
- ESG and Sustainable investing
Current Students:
- Sahar Alabdallah, 2018 - , Corporate Culture
- Junqiu Li, 2019 - , Investment Management
- Kefu Liao, 2019 - , Financial Econometrics (China Scholarship Council Studentship)
- Ebtehal Ramadan, 2019 - , ESG Investing (Cardiff Business school Studentship)
- Shihao Pei, 2019 - , Macro News Announcements
- Yimeng Ma, 2019 - , Intraday Momentum
- Doreen Dai, 2019 - , Social Media and Cryptocurrencies
- Konstantinos Theodorou, 2020 - , Machine Learning in Asset Pricing (Cardiff Business School Studentship)
- Xingpu Fan, 2020 - , Investor Sentiment
- Jianchen Shi, 2020 - , Overconfidence and Innovation
Current supervision
Kefu Liao Liao
Research student
Ebtehal Ramadan
Research student
Shihao Pei
Research student
Doreen Dai
Research student
Xingpu Fan
Research student