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Dr Izidin El Kalak

Dr Izidin El Kalak

Lecturer in Finance

Cardiff Business School

+44 (0)29 2087 4961
S30, Aberconway Building, Colum Road, Cathays, Cardiff, CF10 3EU
Available for postgraduate supervision


I am a lecturer in Finance at Cardiff Business School. I have joined Cardiff Business School in January 2018. Previously, I was attached to Kent Business School as a lecturer in Finance where I was involved in undergraduate and postgraduate teaching. I hold a PhD in Finance from Hull Business School (2016). I also received an MSc degree (with Distinction) in Financial Management (2011) and a BSc in Economics (2007).

My main research interests include SMEs financing, corporate finance and renewable energy investments. My research has been published in international peer-reviewed journals, including International Review of Financial Analysis, Review of Accounting and Finance, and Research in International Business and Finance. I acted as a reviewer for leading journals such as the Energy Journal, Journal of Small Business and Enterprise Development, International Journal of Finance and Economics, Economic Modelling and many others.

I regularly present my work at leading international conferences such as the European Financial Management Association, the Financial Management Association, the Financial Engineering and Banking Society, and the International Finance and Banking Society, among others. I am happy to hear from colleagues on research collaboration ideas and from aspiring potential PhD students within my area of research.

Before embarking on my PhD in Finance, I have had four years of professional working experience including the banking sector. My experience in industry coupled with my academic achievements allowed me to deliver high class customized corporate training and act as a consultant for several corporations. I welcome enquiries about customized corporate training and consultancy.



  • Lecturer in Finance (Jan. 2018 - Present), Cardiff University, UK
  • Lecturer in Finance, Kent University, UK
  • Graduate Teaching Assistant, Hull University, UK

Academic Appointments

  • Visiting Scholar, 2017, Nagasaki University – Japan
  • Visiting Scholar, 2015, Tecnologico de Monterrey University – Mexico


  • PhD in Finance, Hull University, 2016
  • PgDip in Social Science Research Methods, Hull University, 2015
  • MSc in Financial Management (Distinction), Hull University, 2011
  • BSc in Economics, Damascus University of Economics, 2007

Professional bodies

  • Fellow of the Higher Education Academy (HEA)
  • Member of the Financial Management Association (FMA)
  • Member of the British Accounting and Finance Association (BAFA)
  • Member of the Bachelier Finance Society







  • BST254 Financial Derivatives (Module leader), MSc level
  • BS3615 Security Analysis and Portfolio Management (Module leader), BSc level (Final year)

Current research interest:

  • Corporate finance (Cash holding decisions),
  • Corporate governance
  • Delisting,
  • Renewable energy investments.

PhD supervision research interest

I am  interested in hearing from aspiring PhD students who would like to pursue a research in one of the following areas:

  • Corporate finance (Cash holding decisions)
  • Corporate innovation
  • Initial public offering and delisting
  • Renewable energy investments

Current research projects:

Please visit my ResearchGate and SSRN pages.