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Dr Kevin Evans
Reader in Finance; Deputy Head of Section Research, Impact and Innovation
- 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 leading journal such as the Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, JournaI of Banking and Finance and Journal of Empirical Finance.
I am an active supervisor to 9 PhD students and am interested in recruiting more high quality students.
As demonstrated by numerous awards and nominations, I am a passionate, enthusiastic and dedicated teacher.
I serve colleagues as the Deputy Head of Section for Research, Impact, and Innovation.
Publication
2024
- Evans, K. P., Leung, W. S., Li, J. and Mazouz, K. 2024. ETF ownership and seasoned equity offerings. Journal of Financial and Quantitative Analysis 59(4), pp. 1821-1848. (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. 2024. ETF ownership and seasoned equity offerings. Journal of Financial and Quantitative Analysis 59(4), pp. 1821-1848. (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
- Intraday Momentum
- ESG and sustainable Investing
- Corporate Innovation
- Corporate Culture
PhD Examinations
- 6 x External
- 4 x Internal
Reviewing
Ad hoc reviewing for:
Journal of Banking and Finance (multiple); Journal of Applied Econometrics; British Accounting Review (multiple); Financial Review; European Financial Management; Journal of Business Finance and Accounting; International Journal of Finance and Economics; European Journal of Finance; International Review of Financial Analysis; Journal of Financial Research; International Review of Economics and Finance; Quarterly Review of Economics and Finance; North American Journal of Economics and Finance; Journal of Sports Economics; Empirical Economics (multiple); Journal of Economics and Business; Emerging Markets Finance and Trade; International Journal of Banking, Accounting and Finance; Economic Issues; Journal of Corporate Accounting and Finance; Oxford University Press
Teaching
Teaching commitments
- Corporate Finance and Strategy (BSc)
Teaching experience
- Advanced Research Issues in Finance, Banking and Accounting (PhD)
- Research Methods; Research Topics in Finance; Quantitative Methods (MSc)
- Financial Markets and Institutions; Business Finance; International Corporate Finance; Financial Intermediation; Investment Management; British Economy; Macroeconomics; Econometrics (BSc)
Teaching awards
- Nominated for the Cardiff University Doctoral Supervisor of the Year Award, 2024
- Nominated for the Cardiff University Most Outstanding Use of the Learning Environment Award, 2024
- Nominated for the Cardiff University Most Outstanding Learning Experience Award, 2024
- Nominated for the Cardiff University Enriching Student Life Award, 2016, 2017, 2023
- Nominated for the Cardiff University Most Uplifting Staff Member Award, 2023
- Nominated for the Cardiff University Celebrating Excellence Award for Excellence in Teaching and Scholarship, 2022
- Winner of the Cardiff Business School Outstanding Contribution Award, 2022
- Winner of the Cardiff Business School Teaching Award for Pastoral Care, 2019
- Nominated for the Cardiff University Most Innovative Teacher Award, 2016, 2017
- Nominated for the Cardiff Business School Teaching Award, 2016, 2017
- 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
- Certificate of Excellence in Teaching (Undergraduate), 2012, 2013.
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, 2000-2002
Qualifications
- PhD Financial Economics, U.W. Swansea, 2008
- MSc Economics and Finance (Distinction), Warwick, 1999
- BSc (Econ) (First Class), U.W. Swansea, 1998
Additional activities
- Deputy Head of Section for Research, Impact, and Innovation (2024 - )
- Member PhD Programme Working Group (2024 - )
- Director of Empirical Finance Research Group (2019 - 2022)
Supervisions
I am interested in supervising students in the following research areas:
- Macro news announcements
- Jumps and drift in financial markets
- Empirical asset pricing
- Machine learning in financial markets
- Intraday Momentum
- ESG and Sustainable investing
- Corporate innovation
- Corproate culture
Current Students:
- Kefu Liao, Financial Econometrics (China Scholarship Council Studentship)
- Ebtehal Ramadan, ESG Investing (Cardiff Business School Studentship)
- Shihao Pei, Macro News Announcements
- Doreen Dai, Social Media and Cryptocurrencies
- Constantine Theodorou, Machine Learning and Empirical Asset Pricing (Cardiff Business School Studentship)
- Xingpu Fan, Intraday Momentum
- Jianchen Shi, Corporate Innovation
- Jaenam Ha, ESG Credit
- Yueyang Wang, Biodiversity Risk (Cardiff Business School Studentship)
Current supervision
Ebtehal Ramadan
Research student
Jianchen Shi
Graduate Tutor
Constantine Theodorou
Research student
Yueyang Wang
Research student
Jaenam Ha
Research student
Past projects
- Fangzhou Huang, Empirical Asset Pricing
- Woon Sau Leung, Contagion
- Matthew Barwick-Barrett, Socially Responsible Investment
- Mujeeb-U-Rehman Bhayo, Empirical Asset Pricing
- Junqiu Li, Investment Management
- Sahar Alabdullah, Corporate Culture
Contact Details
EvansK1@cardiff.ac.uk
+44 29208 74558
Aberconway Building, Room D49, Colum Road, Cathays, Cardiff, CF10 3EU
+44 29208 74558
Aberconway Building, Room D49, Colum Road, Cathays, Cardiff, CF10 3EU