Professor Mike Buckle

Professor in Finance

Accounting and Finance

+44 (0) 1792 602395

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Office 228 - 228
Second Floor
School of Management
Bay Campus

Available For Postgraduate Supervision

Research Links

https://orcid.org/0000-0002-5767-2217

About

Mike recently joined as Professor in Finance having worked previously at the University of Liverpool. He is Head of the Accounting and Finance Group and Director of the Hawkes Centre for Empirical Finance.

Mike has engaged extensively with professional bodies in the area of Finance including CFA, CFA UK, LIBF and Chartered Banker. He was involved in the development of the Investment Management Certificate (IMC) for CFA UK, which is seen as the main qualification for fund managers in the UK. He sits on the IMC Committee.

Mike has recently worked with a start-up company in Wealth Management and with one of his PhD students developed the research that underpins the decumulation products offered by this company. Mike chairs the investment committee for this company.

Mike is programme director for the forthcoming MSc Financial Technology (Fin Tech).

Areas Of Expertise

Trend following strategies
ESG investing
Jump detection in financial data
Fintech

Career Highlights

Teaching Interests

Mike has taught both postgraduate and undergraduate modules in financial markets, derivatives, investment, banking and corporate finance.

Research

Publications

Research Highlights

Buckle, M., Chen, J., Guo, Q., & Li, X. (2023). Does smile help detect the UK's price leadership change after MiFID?. International Review of Economics and Finance, 84, 756-769.
https://doi.org/10.1016/j.iref.2022.11.033, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa62084
Buckle, M. & Thompson, J. (2020). The UK financial system (fifth edition)
https://doi.org/10.7765/9781526153692, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55331
Buckle, M., Chen, J., Guo, Q., & Li, X. (2018). The impact of multilateral trading facilities on price discovery. Financial Markets, Institutions & Instruments, 27(4), 145-165.
https://doi.org/10.1111/fmii.12096, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55217
Buckle, M., Chen, J., Guo, Q., & Tong, C. (2018). Do ETFs lead the price moves? Evidence from the major US markets. International Review of Financial Analysis, 58, 91-103.
https://doi.org/10.1016/j.irfa.2017.12.005, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55216
http://orca.cf.ac.uk/107609/
Tong, C., Chen, J., & Buckle, M. (2018). A network visualization approach and global stock market integration. International Journal of Finance & Economics, 23(3), 296-314.
https://doi.org/10.1002/ijfe.1617, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55215
https://livrepository.liverpool.ac.uk/3016141/
Chen, J., McMillan, D., & Buckle, M. (2018). Information Transmission across European Equity Markets During Crisis Periods. The Manchester School, 86(6), 770-788.
https://doi.org/10.1111/manc.12226, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55214
https://livrepository.liverpool.ac.uk/3020853/
Chen, M., Buckle, M., Williams, J., & Buckle, M. (2016). Realised higher moments: theory and practice. The European Journal of Finance, 1-20.
https://doi.org/10.1080/1351847X.2014.885456, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18084
Chen, M., Buckle, M., Williams, J., & Buckle, M. (2014). How Predictable Are Equity Covariance Matrices? Evidence from High-Frequency Data for Four Markets. Journal of Forecasting, 33(7), 542-557.
https://doi.org/10.1002/for.2310, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18085
Buckle, M., Chen, J., Guo, Q., & Li, X. (2019). The impact of multilateral trading facilities on price discovery: Further evidence from the European markets. Financial Markets, Institutions & Instruments, 28(4), 321-343.
https://doi.org/10.1111/fmii.12121, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa53476
http://orca.cf.ac.uk/119683/
Buckle, M. & Thompson, J. (2004). The UK Financial System Manchester University Press.
SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18183

All Research

Journal Articles

Buckle, M., Chen, J., Guo, Q., & Li, X. (2023). Does smile help detect the UK's price leadership change after MiFID?. International Review of Economics and Finance, 84, 756-769.
https://doi.org/10.1016/j.iref.2022.11.033, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa62084
Buckle, M., Chen, J., Guo, Q., & Li, X. (2019). The impact of multilateral trading facilities on price discovery: Further evidence from the European markets. Financial Markets, Institutions & Instruments, 28(4), 321-343.
https://doi.org/10.1111/fmii.12121, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa53476
http://orca.cf.ac.uk/119683/
Chen, J., McMillan, D., & Buckle, M. (2018). Information Transmission across European Equity Markets During Crisis Periods. The Manchester School, 86(6), 770-788.
https://doi.org/10.1111/manc.12226, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55214
https://livrepository.liverpool.ac.uk/3020853/
Buckle, M., Chen, J., Guo, Q., & Li, X. (2018). The impact of multilateral trading facilities on price discovery. Financial Markets, Institutions & Instruments, 27(4), 145-165.
https://doi.org/10.1111/fmii.12096, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55217
Buckle, M., Chen, J., Guo, Q., & Tong, C. (2018). Do ETFs lead the price moves? Evidence from the major US markets. International Review of Financial Analysis, 58, 91-103.
https://doi.org/10.1016/j.irfa.2017.12.005, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55216
http://orca.cf.ac.uk/107609/
Tong, C., Chen, J., & Buckle, M. (2018). A network visualization approach and global stock market integration. International Journal of Finance & Economics, 23(3), 296-314.
https://doi.org/10.1002/ijfe.1617, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55215
https://livrepository.liverpool.ac.uk/3016141/
Chen, M., Buckle, M., Williams, J., & Buckle, M. (2016). Realised higher moments: theory and practice. The European Journal of Finance, 1-20.
https://doi.org/10.1080/1351847X.2014.885456, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18084
Chen, M., Buckle, M., Williams, J., & Buckle, M. (2014). How Predictable Are Equity Covariance Matrices? Evidence from High-Frequency Data for Four Markets. Journal of Forecasting, 33(7), 542-557.
https://doi.org/10.1002/for.2310, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18085
Jia, J., Adams, M., Buckle, M., & Buckle, M. (2012). Insurance and ownership structure in India’s corporate sector. Asia Pacific Journal of Management, 29(1), 129-149.
https://doi.org/10.1007/s10490-009-9190-z, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa5146
Jia, J., Adams, M., Buckle, M., & Buckle, M. (2011). The strategic use of corporate insurance in China. European Journal of Finance, 17(8), 675-694.
https://doi.org/10.1080/1351847X.2011.554281, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa5145
http://www.tandfonline.com/doi/abs/10.1080/1351847X.2011.554281
Adams, M., Buckle, M., & Buckle, M. (2003). The determinants of corporate financial performance in the Bermuda insurance market. Applied Financial Economics, 13(2), 133
https://doi.org/10.1080/09603100210105030, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa2204
Zou, H., Adams, M., Buckle, M., & Buckle, M. (2003). Corporate Risks and Property Insurance: Evidence From the People's Republic of China. Journal of Risk & Insurance, 70(2), 289
https://doi.org/10.1111/1539-6975.00061, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa2205
Gwilym, O., Buckle, M., & Buckle, M. (2001). The lead-lag relationship between the FTSE100 stock index and its derivative contracts. Applied Financial Economics, 11(4), 385
https://doi.org/10.1080/096031001300313947, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa2203
Buckle, M., Clare, A., Thomas, S., & Buckle, M. (1999). Developing a Trading Rule from the FTSE-100 Stock Index Futures Contract: Evidence in Support of the EMH. Journal of Business Finance & Accounting, 26(1-2), 249-260.
https://doi.org/10.1111/1468-5957.00255, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18175
Gwilym, O., Buckle, M., & Buckle, M. (1999). Volatility forecasting in the framework of the option expiry cycle. The European Journal of Finance, 5(1), 73-94.
https://doi.org/10.1080/135184799337190, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18174
Gwilym, O., Buckle, M., Clare, A., Thomas, S., & Buckle, M. (1998). The Transaction-by-Transaction Adjustment of Interest Rate and Equity Index Futures Markets to Macroeconomic Announcements. The Journal of Derivatives, 6(2), 7-17.
https://doi.org/10.3905/jod.6.2.7, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18177
Buckle, M., ap Gwilym, O., Thomas, S., Woodhams, M., & Buckle, M. (1998). Intraday Empirical Regularities in Interest Rate and Equity Index Futures Markets, and the Effect of Macroeconomic Announcements. Journal of Business Finance & Accounting, 25(7&8), 921-944.
https://doi.org/10.1111/1468-5957.00219, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18176
Ap Gwilym, O., Buckle, M., & Buckle, M. (1997). Forward/forward volatilities and the term structure of implied volatility. Applied Economics Letters, 4(5), 325-328.
https://doi.org/10.1080/758532602, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18179
Gwilym, O., Buckle, M., Thomas, S., & Buckle, M. (1997). The Intraday Behavior of Bid-Ask Spreads, Returns, and Volatility for FTSE-100 Stock Index Options. The Journal of Derivatives, 4(4), 20-32.
https://doi.org/10.3905/jod.1997.407980, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18178
Gwilym, O., Buckle, M., Foord, T., Thomas, S., & Buckle, M. (1996). The Intraday Behavior of European Bond Futures. The Journal of Fixed Income, 6(2), 49-66.
https://doi.org/10.3905/jfi.1996.408179, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18181
Gwilym, O., Buckle, M., & Buckle, M. (1996). An analysis of bid–ask spreads on American-and European-style index options. Applied Economics Letters, 3(7), 445-449.
https://doi.org/10.1080/758540803, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18180
Gwilym, O., Buckle, M., & Buckle, M. (1994). The efficiency of stock and options markets: tests based on 1992 UK election opinion polls. Applied Financial Economics, 4(5), 345-354.
https://doi.org/10.1080/758536472, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18182

Authored Books

Buckle, M. & Thompson, J. (2004). The UK Financial System Manchester University Press.
SU Repository: https://cronfa.swan.ac.uk/Record/cronfa18183

Other Research Outputs

Buckle, M. & Thompson, J. (2020). The UK financial system (fifth edition)
https://doi.org/10.7765/9781526153692, SU Repository: https://cronfa.swan.ac.uk/Record/cronfa55331

Supervision

issues in the green bond market (current)

PhD

Other supervisor: Prof Hafiz Hoque
Gender Diversity and Sustainability Agenda: Challenges and Opportunities (current)

PhD

Other supervisor: Dr Giulia Fantini
Monitoring, Cash Holdings and Earnings Management: Evidence from U.S. Local Newspaper Closures (awarded 2024)

PhD

Other supervisor: Prof Hafiz Hoque
The Determinations and Consequences of Annual Report Readability: Cross-Sectional Evidence from Banks (awarded 2023)

PhD

Other supervisor: Dr Hussein Halabi

Other supervisor: Dr Mohamed Elmagrhi

Taught Modules

MN-1024J Critical Thinking and Digital Skills for Accounting and Finance

This module aims to support first-year undergraduate students in the field of Accounting and Finance to enhance their academic and professional capabilities. It covers four key areas: Academic Success Critical Thinking and Analysis Professional Development Excel Skills By engaging in a variety of teaching methods, including lectures, seminars, and practical assignments, students will acquire effective study techniques, develop critical thinking skills, and gain valuable insights into the professional landscape of Accounting and Finance
MN-1527J Data Analysis and Visualisation

This module teaches students the fundamentals of data analysis and visualisation, including data collection and preparation, descriptive statistics, visualisation techniques, and statistical inference and modelling. Students will learn how to effectively communicate and present data. The module aims to equip students with the skills to perform data analysis and create engaging data visualisations.
MN-MB03P Understanding Finance

Financial performance alone is not enough to determine how a company will develop in the long run, hence non-financial information, including sustainability information, should enable businesses to achieve their sustainability objectives by identifying areas for improvement and enhancing internal decision-making processes. Integrating sustainable business practices and building resilience into business models means organisations should be able to link accountability to external stakeholders with good governance. Decisions about investments and capital expenditure should encapsulate environmental, social and governance criteria bringing benefits to both the investor and society at large. This module is designed to provide students with an understanding of the range of financial decisions made by organisations and to equip students for their role in supporting the financial manager in this wide-ranging decision-making process.
MN-MBA03 Understanding Finance

Financial performance alone is not enough to determine how a company will develop in the long run, hence non-financial information, including sustainability information, should enable businesses to achieve their sustainability objectives by identifying areas for improvement and enhancing internal decision-making processes. Integrating sustainable business practices and building resilience into business models means organisations should be able to link accountability to external stakeholders with good governance. Decisions about investments and capital expenditure should encapsulate environmental, social and governance criteria bringing benefits to both the investor and society at large. This module is designed to provide students with an understanding of the range of financial decisions made by organisations and to equip students for their role in supporting the financial manager in this wide-ranging decision-making process.
MNXM31 Asset Management

This module has been created exclusively for the purpose of accrediting content delivered in partnership with Intuition.

Professor Mike Buckle

Telephone number

Email address

Research Links

About

Areas Of Expertise

Career Highlights

Publications

Research Highlights

All Research

Journal Articles

Authored Books

Other Research Outputs

Supervision

issues in the green bond market (current)

Gender Diversity and Sustainability Agenda: Challenges and Opportunities (current)

Monitoring, Cash Holdings and Earnings Management: Evidence from U.S. Local Newspaper Closures (awarded 2024)

The Determinations and Consequences of Annual Report Readability: Cross-Sectional Evidence from Banks (awarded 2023)

Taught Modules

MN-1024J Critical Thinking and Digital Skills for Accounting and Finance

MN-1527J Data Analysis and Visualisation

MN-MB03P Understanding Finance

MN-MBA03 Understanding Finance

MNXM31 Asset Management