People
Dr Hadi Movaghari
Teaching Fellow in Finance
School/Department: Business, School of
Email: hm479@leicester.ac.uk
Profile
I am a Teaching Fellow in Finance at the Âé¶¹ÊÓÆµ School of Business (ULSB), UK. Before joining Leicester, I was a Postdoctoral Researcher at the Adam Smith Business School (ASBS), University of Glasgow, UK (2023–2025). I also hold a visiting position at the Nijmegen School of Management, Radboud University, the Netherlands. I earned my PhD in Finance from the Adam Smith Business School, fully funded by the College of Social Sciences (CoSS) Scholarship. Prior to my doctoral studies, I obtained both my MSc and BSc degrees in Statistics from Tarbiat Modares University and Razi University, Iran, respectively. In April 2025, my research on machine learning applications in finance was endorsed by the British Academy. I was also the recipient of the 2024 PhD Excellence Award from the Adam Smith Business School.
Research
Publications
Movaghari, H., & Sermpinis, G. (2025). Heterogeneous impact of cost of carry on corporate money demand. European Financial Management, 31(1), 400-426. doi: https://doi.org/10.1111/eufm.12507 .Â
Elyasiani, E. and Movaghari, H. (2024). Time-varying coefficients for cash holdings, Quarterly Review of Economics and Finance, 98, 101914. doi: https://doi.org/10.1016/j.qref.2024.101914
Movaghari, H., Tsoukas, S., Vagenas-Nanos, E. (2024). Corporate cash policy and double machine learning, International Journal of Finance and Economics, doi: http://doi.org/10.1002/ijfe.3039
Movaghari, H., Serletis, A., & Sermpinis, G. (2024). Money demand stability: New evidence from transfer entropy. International Economics, 179, 100524. doi: https://doi.org/10.1016/j.inteco.2024.100524Â Â
Elyasiani, E., and Movaghari, H. (2022). Determinants of Corporate Cash Holdings: An Application of robust variable selection technique, International Review of Economics and Finance, 80, 967-993. doi: https://doi.org/10.1016/j.iref.2022.03.003Â
Sohrabi, N., & Movaghari, H. (2020). Reliable factors of Capital structure: Stability selection approach. The Quarterly Review of Economics and Finance, 77, 296-310. doi: https://doi.org/10.1016/j.qref.2019.11.001Â
Elyasiani, E., Jia, J. and Movaghari, H. (2019). Determinants of Dividend Payout and Dividend Propensity in an Emerging Market, Iran: An Application of the LASSO, Applied Economics, 51(42), 4576-4596. doi: https://doi.org/10.1080/00036846.2019.1593315Â
Awards
2025-2027: UK Global Talent, Endorsed by British Academy
2025-2025: PhD Excellence Award, University of Glasgow, UK.