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Oksana Pryshchepa

Dr Oksana Pryshchepa

Senior Lecturer in Finance

Cardiff Business School

+44 29208 76542
Aberconway Building, Room D14, Colum Road, Cathays, Cardiff, CF10 3EU


I am an Associate Professor in Finance at Cardiff Business School. Prior to joining Cardiff Business School as a Lecturer in Finance in 2019, I worked at the University of Birmingham Business School and Lancaster University Management School. I hold a PhD degree in Finance from Lancaster University.

I am also a Visiting Researcher at the Department of Accounting & Finance at the University of Lancaster Management School, a Fellow of the Higher Education Academy, a member of the American Finance Association (AFA), European Finance Association (EFA) and Financial Management Association (FMA), and have passed CFA (Chartered Financial Analyst) Level I and Level II exams.

My research interests are in the areas of empirical corporate finance, governance, and managerial behavior. My current research focuses on agency conflicts and the ensuing wealth transfers in financially distressed firms, on the role of corporate governance mechanisms in mitigating agency conflicts and on the impact of boards and board networks in influencing corporate decision-making.

I have published in journals such as the Review of Finance, the Journal of Financial and Quantitative Analysis, the Journal of Corporate Finance, Corporate Governance: International Review, and Journal of Business Finance & Accounting.









Research Interests

  • Empirical corporate finance: agency conflicts, managerial risk-taking, corporate bankruptcy and financial distress, corporate investments and financing,  capital structure.
  • Corporate governance: board structure and networks, executive compensation, corporate governance regulations.
  • Behavioural corporate finance: the impact of managerial competences on decision-making.

Working Papers:

  • Do Firms That Combined Through Mergers and Acquisitions Have a Leverage Target?" (with N. Carline and B. Wang), Working Paper
  • "Board Links and Issuance Decisions", Work-in-Progress
  • "Sensation-seeking of Top Management Team and Managerial Risk-Taking", Work-in-Progress


My current and past teaching covers a wide range of business and finance modules at AS, MSc and MBA levels, such as Corporate Financial Management, International Business Finance, Quantitative Methods in Finance, Managerial Finance, Case Study Seminars in Finance and Banking, Financial Statement Analysis, Fundamentals of Finance.


Educational Background

  • PhD in Finance, Lancaster University (2013)
  • Passed CFA Level I (2018) and Level II Exams (2019)
  • Postgraduate Certificate in Academic Practice, Lancaster University (2014)
  • MSc in Economics and Finance, Humboldt University of Berlin

Academic Positions

  • Associate Professor (Senior Lecturer) in Finance, Cardiff University, August 2022 - present
  • Assistant Professor (Lecturer) in Finance, Cardiff University, September 2019 - July 2022
  • Visiting Research Fellow, Accounting and Finance Department, Lancaster University, August 2014-present
  • Lecturer in Finance, Birmingham University, August 2014-August 2019
  • Developmental Lecturer in Finance, Lancaster University, August 2013 - July 2014
  • Humboldt University of Berlin, Finance Department, Research and Teaching Assistant, 2007-2010
  • German Institute for Economic Research (DIW Berlin), Research Assistant, 2006-2007

Reviewer: Journal of Corporate Finance, Corporate Governance: International Review, Accounting & Business Research, Journal of Business Finance & Accounting,  European Journal of Finance


I am interested in supervising PhD students with interests that overlap with my research areas. Applicants should have MSc degree with Distinction, strong quantitative background and knowledge of statistical software (e.g., Stata and SAS) and programming skills (e.g., in Python).

Current and past PhD students

Razan Altowairqi, Cardiff University, 2021-; Thesis: The Impact of Masculinity/Femininity of the CEO and the Board of Directors on Firm Misconduct and Sustainasbility.

Xinhe Huang, Cardiff University, 2020-; Thesis: Sensation-seeking of Top Management Team and Board of Directors and Corporate Policies.

Cong Wang, Cardiff University, 2020-; Thesis: Corporate Governance and Environmental Policies.

Siyu Huang, Birmingham University, 2017-2021; Thesis: Managerial Power, Equity Incentives and Personal Risk-taking. Current position:Assistant Professor in Finance, Shenzhen University.

Bo Wang, Birmingham University, 2015-2019; Thesis: Executive Compensation, Risk, and Mergers and Acquisitions. Current position: Lecturer in Finance, University of Southhampton.

PhD examinations

Internal Examiner, Lokman Tutuncu, Birmingham University, 2014; Thesis: Empirical Essays on Performance of Management Buyouts