Raphael Markellos


  • 2.09 Thomas Paine Study Centre

Accepting PhD Students

PhD projects

- Empirical Finance - Financial Econometrics

Personal profile


I am Professor of Finance at Norwich Business School (NBS), University of East Anglia (UEA). I am also a member of the Centre for Competition Policy (CCP) at UEA and the Centre for Science and Policy (CSaP) at University of Cambridge. I hold a Distinguished Professorship in the Lee Shau Kee School of Business and Administration, Hong Kong Metropolitan University. In the past I was an Associate Professor at Athens University of Economics and Business and a Royal Economic Society Junior Fellow at the Department of Economics, Loughborough University. 

I am a Faculty Advisor for Harvard Business Publishing and a Senior Fellow of the Higher Education Academy (HEA). I have taught a variety of subjects at undegraduate, postgraduate and executive level over the past 25 years in corporate finance, investments, risk management and quantitative methods. I have a particular interest in edutech, online training and the use of simulations. I co-organise annually through the British Academy of Management (BAM), a Finance Teaching Workshop where the latest developments in university teaching and vocational training in the subject area of finance are discussed.

Through my research I have made contributions in three main directions: information finance, estimation risk and environmental finance. My earlier work in the 1990s focused on applications of AI in analysing big data in finance. I'm particularly interested in solving business decision problems using innovative models and datasets. Many of the methodologies that I employ are described in the 3rd edition of the best selling monograph "The Econometric Modelling of Financial Time Series" (by Cambridge University Press), which I have co-authored with Terry Mills. For bibliometrics of my work see SSRN, Google Scholar, IDEAS and ResearchGate. I have 37 papers recorded in Scopus (Google citations) with over 1,300 (4,200) citations.

I am founder and co-organiser of the International Symposium in Finance (ISF) and the British Academy of Management (BAM) Financial Management Special Interest Group (SIG). I am a regular speaker at academic and professional conferences.  My work has attracted considerable funding and attention by media such as Reuters, Bloomberg, Financial Times, BBC, Forbes, Wallstreet, and Daily Telegraph. I am currently also on the board of the East Anglia Committee of Chartered Institute for Securities & Investment (CISI) and have worked closely with the Norwich Financial Industry Group (FIG) for several years (until recently as a board member). I am an Affiliate Member of the CISI and Fellow of the Chartered Management Institute (CMI).

My professional experience includes 25 years of consulting and training for organizations in the US, UK, Hong Kong, Germany, Greece and Luxembourg. My interests and expertise are mostly linked to my research. At present, I'm doing work mostly on data analytics for regulated firms. I am also involved in an impact project focusing on the strategic development of business clusters.

Expertise related to UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):

  • SDG 3 - Good Health and Well-being
  • SDG 8 - Decent Work and Economic Growth
  • SDG 9 - Industry, Innovation, and Infrastructure
  • SDG 12 - Responsible Consumption and Production
  • SDG 13 - Climate Action


  • Finance
  • Statistics in Social Sciences

Collaborations and top research areas from the last five years

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