University of Edinburgh Business School

Dr Arman Eshraghi

Senior Lecturer in Finance and Accounting and Director, MSc Finance

  View Arman's staff profile on the Business School website


Arman is an Associate Professor of Finance and Accounting at the University of Edinburgh, and has held visiting positions at Manchester Business School and University College London. He holds BEng (Electrical) and MBA with distinction from Sharif University in Tehran, and PhD in Finance from Edinburgh. Prior to academia, Arman was a management consultant for several years in the banking and telecom sectors. 

Arman's research spans finance, accounting and psychology. His interests include behavioural finance, interdisciplinary accounting, banking, investment management, corporate governance and fintech. Arman has published in top journals in both finance and accounting including Review of Financial Studies; Review of Finance; Accounting, Organizations and Society; Corporate Governance International Review; Accounting, Auditing and Accountability; Accounting and Business Research. His research is featured in the Financial TimesWashington PostHarvard Business Review, Forbes and Bloomberg among others, and has contributed to handbooks published by Cambridge University PressWiley, Springer and Routledge. Arman’s work has been recognised by the EFMD Outstanding Doctoral Research Award, the Emerald Award for Research Excellence, the European Financial Group Young Scholar Research Award, several best paper commendations, and more recently by the University of Edinburgh Sustained Excellence Award and nomination for the Scottish Financial Enterprise Rising Star Award.

Arman has reviewed for various academic journals including Journal of Corporate Finance, Journal of Banking and Finance and European Journal of Finance, and is currently an Associate Editor of Global Finance Journal and a Guest Editor of Review of Behavioral Finance. He has given invited research seminars at Texas Austin, Maastricht, Seoul National, Aarhus, Laval, San Diego, Leipzig, Glasgow and Newcastle among others. Beyond academia, Arman engages with a range of organisations in the finance sector to offer bespoke research and training. He has been invited to speak at the Federal Reserve Bank in New York, the Centre for European Economic Research in Mannheim, the CFA Institute in London, the National Institute of Securities Markets in Mumbai, and the German Society of Investment Professionals in Frankfurt.

Being highly passionate about teaching, Arman seeks student-focused learning and initiating conceptual change through teaching-research synergies. He has won teaching awards for Best Teaching Innovation in 2017, Best Postgraduate Course in 2016 and Inspirational Teaching in 2015 as well as 12 other nominations in the past five years. His current and past teaching include Behavioural FinanceEquity ValuationInvestment Management, Psychology of Investing and Corporate Finance at MSc, MBA and EMBA levels. Arman also has an active interest in executive education and public engagement, and has taught a range of executive modules in Edinburgh, Manchester, Tehran and Mumbai. He has designed a two-day masterclass on Advances in Behavioural Finance which has been delivered in the UK and overseas to a number of British, Indian and Chinese firms.

Arman directs the MSc Finance programme which is the Business School’s largest postgraduate taught programme with an intake of 120 students. The programme allows students to specialize in three streams including Investments, Corporate Finance and Energy Markets. During 2014-17, he was the director of the MSc Finance and Investment programme which was consistently placed among the top 35 World’s Best Masters in Finance in the Financial Times annual ranking.

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