Doctoral Researcher in Accounting, Finance and Insurance

Catholic University of Leuven Department of Accounting, Finance and Insurance


The Department of Accounting, Finance and Insurance offers a dynamic, stimulating and pleasant working environment. Moreover, AFI enjoys a strong international reputation and is part of a wide network consisting of other universities, companies and institutions.


Firms face a great deal of risks in their pursuit of organizational goals. The trade-off between risk and reward and the way this trade off is managed is one of the most important determinants of firm success. Investors and regulators are well aware of this fact, and firms are required to disclose material risks in their annual accounts (Regulation S–K, Item 305(c), SEC 2005) and investors pay attention to this information (Campbell, Chen, Dhaliwal, Lu, & Steele 2014; Solomon, Solomon, Norton, & Joseph 2000). However, managers and boards have a great deal of freedom to decide which risks they regard as material and choose to disclose. Risk disclosures by firms tend to focus mostly on market and financial risks, rather than operational or organizational risk (Beretta & Bozzolan 2004; Young & Guenther 2003), and academic research so far has followed this focus. Risk disclosures are also not straightforward to interpret: higher disclosure may signal both increased risk as well as inceased risk preparedness. For investors, regulators and scholars alike, more clarity is needed on why certain risks are disclosed, while others are not, and which signals risk disclosures send. The proposed PhD project is aimed at identifying the determinants and consequences of specific risk disclosures. The data used to study these issues can consist of a combination of database information (available through the university), automatically collected publicly available data (scraping) and potentially supplemental survey and qualitative information. Candidates are expected to have a substantial interest in econometrics and will follow several courses to build their econometric skillset. The selected candidate can count on substantial mentoring and guidance throughout the project. The content of the project is flexible and can be adjusted based on the interest of the chosen candidate if a scientific contribution can be found.


You have a very strong interest in scientific research and strong technical skills in statistics and programming, or a willingness to learn fast. You obtained a yearly result of at least distinction during your university studies, with higher grades being a plus. 

You also have a very good command of written and spoken English. 

You have a Master's degree in Applied or Business Economics, Economicsor a related field. You have a strong interest in finance and accounting topics, especially as described in the project proposal. 

Graduated Master students / Research Master Students are encouraged to apply, as well as those Master students nearing graduation.


We offer an employment as full-time PhD researcher for 1 year, renewable till 4 years after positive evaluation.

Start date October 1, 2020 or to be negotiated.

Vacancy can be closed before application date. Therefore, candidates are encouraged to apply as soon as possible.


For more information please contact Prof. dr. Dieter Smeulders, tel.: +32 16 33 00 53, mail:

You can apply for this job no later than May 31, 2020 via the
KU Leuven seeks to foster an environment where all talents can flourish, regardless of gender, age, cultural background, nationality or impairments. If you have any questions relating to accessibility or support, please contact us at
  • Employment percentage: Voltijds
  • Location: Leuven
  • Apply before: May 31, 2020
  • Tags: Bedrijfswetenschappen
  • Download: file

In your application, please refer to


amsterdam uni

antwerp uni

cambridge uni

florida uni

hamburg uni

harvard uni

hiroshima uni

oslo uni

purdue uni

ryerson uni

shanghai jiao tong uni

stockholm uni