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Dr Jeremy Eng-Tuck Cheah

Associate Professor

Nottingham Business School

Staff Group(s)
Department of Accounting and Finance

Role

Jeremy Cheah is Associate Professor of Decentralised Finance at Nottingham Business School (NBS) and a Visiting Research Fellow at the Centre for Digital Finance at the University of Southampton. In August 2021, he was chosen to participate in the 2021/22 inaugural NTU Vice-Chancellor's Future Research Leaders programme after a highly competitive University-wide selection process. He was also appointed as an inaugural member of the British Academy of Management Peer Review College (since January 2022) and a member of the prestigious UKRI ESRC (since 27 January 2025), EPSRC (since 17 July 2025), and NERC (since 26 February 2026) Peer Review Colleges.

He is the Accounting and Finance Joint PhD Coordinator, where he leads the PhD programme on behalf of the Accounting and Finance Department. Jeremy is also a line manager for five senior lecturers. In his role, he supports the Accounting and Finance Department Head by line managing the day-to-day duties and responsibilities, such as setting appraisal objectives, appraising staff, and observing colleagues’ teaching. Furthermore, he assists in recruiting new staff and mentors early-career researchers.

He leads two postgraduate taught modules, Corporate Restructuring and Valuation of Investment Products, and is also involved in teaching the Principles of Financial Technology, Global Financial Markets, and Corporate Finance postgraduate taught modules. He is also engaged in Business Report Projects and Consultancy projects for taught postgraduate modules. Jeremy is an experienced teacher with over 25 years of teaching experience. He uses the Inverse Research Questions Pyramid to help postgraduate students identify and construct research questions for their dissertation projects. He was also one of the nominees for the Most Engaging Lecturer Award by the University of Southampton Students' Union in 2019.

Career overview

He joined NBS in August 2019 after spending almost three years at the University of Southampton Business School as Associate Professor of Finance. Before joining SBS, he had a short stint working at Sheffield Business School at Sheffield Hallam University (2016) as Reader in Finance. He also held various appointments including Lecturer in Finance at Sheffield University Management School, University of Sheffield (2011 to 2016) and Assistant Professor of Financial Markets at Nottingham University Business School, University of Nottingham Malaysia Campus (2003 to 2008). He began his academic career in 1999 as a lecturer in various appointments in leading public and private universities, university colleges, and colleges in Malaysia and has since also held visiting teaching appointments in Bulgaria, Greece, and Singapore.

He has also been a Fellow of Advance HE (FHEA) since 2018.

Jeremy was awarded a full scholarship with a full fee waiver and a monthly stipend by the University of Southampton to pursue his PhD. He began his PhD in October 2008, completed his research work after two years and five months, and was eventually awarded his PhD in May 2011. During his PhD, he published two papers in the British Journal of Management (ABS 2024-4*; after one round of minor revision) and Applied Economics (ABS 2024-2*; paper accepted after reducing the length of the paper but no other changes required), respectively.

Research areas

Jeremy has particular interests in financial markets, especially concerning digital finance and investment, decentralised finance, and financial technology. In the past, he has published in the areas of corporate social responsibility and socially responsible investing, and he continues to publish in those areas.

His publications have been included in regular as well as special issues in the European Journal of Operational Research (ABS 2024-4*), Human Resource Management USA (ABS 2024-4*; FT50), British Journal of Management (ABS 2024-4*), Economics Letters (ABS 2024-3*), Cambridge Journal of Economics (ABS 2024-3*), The Financial Review (ABS 2024-3), Journal of Environmental Management (ABS 2024-3*), Journal of Futures Markets (ABS 2024-3*), International Journal of Finance and Economics (ABS 2024-3*), International Review of Financial Analysis (ABS 2024-3*), Annals of Operations Research (ABS 2024-3*), Studies in Higher Education (ABS 2024-3*), European Journal of Finance (ABS 2024-3*) and Journal of Business Ethics (ABS 2024-3*) amongst others.

Director of Studies of PhD students: Xinran Huang (Pass with Minor Corrections) in March 2026 and Hanwen Zhang (April 2026 - Now).

He was also an PhD external examiner for the University of Gloucestershire (February 2026)

Jeremy is accepting PhD applications in his areas of expertise and research interests. For enquiries, please get in touch with me.

External activity

I. Grant Funding and Reviewing

Jeremy has attracted over £680,000 worth of internal and external grant funding, various sponsorships, and awards. In particular, he received the British Academy worth £30,000 (out of 29 awardees), and the ESRC Impact Acceleration Award worth £260,000 in 2018. He also secured ESRC SCDTP funding for a post-doctoral fellow position and an ESRC SCDTP PhD Scholarship, totaling about £200,000 in 2019.

He also secured a JPA PhD scholarship from the Malaysian government to supervise a PhD student worth up to £180,000 in 2018. He also held further grants from ESRC training bursary, Santander Research Mobility Award, and others, amounting to about £10,000.

In addition, Jeremy has won numerous awards, including an award to study a Summer School module (Forecasting Financial Markets) at the London School of Economics and Political Science (LSE) in 2006. From 2003 to 2008, he secured eight corporate sponsorships to attend seminars held by Harvard Business School and the John F. Kennedy School of Government, Harvard University faculty members.

He serves as an ad-hoc grant application reviewer for the Danish Council for Independent Research and the Czech Science Foundation. He was appointed as a member of the prestigious UKRI ESRC (since 27 January 2025), EPSRC (since 17 July 2025), and NERC (since 26 February 2026) Peer Review Colleges and an inaugural member of the British Academy of Management Peer Review College (since January 2022).

II. External Engagements and Income

Jeremy raised £5,000 from Ashfield Enterprise external consulting work.

He also has considerable experience consulting public and private organisations, including Birmingham City Council in the UK and the Securities Commission in Malaysia.

III. Journal Editorial Board and Guest Editing

Editorial Board Member - Associate Editor of the Journal of International Financial Management and Accounting (ABS 2*; ABDC  A) since May 2026 and Sage Open Editorial Board (from 2024 - now). He also sat on the Editorial Board of Heliyon in 2018-2019.

Executive Guest Editor (2025) – Special Issue of the British Accounting Review (ABS3*) – Artificial Intelligence in Accounting and Finance Research and Practice.

He was invited to the prestigious 22nd Conference of the International Federation of Operational Research Societies (IFORS), which was held in June 2021 in Korea, as Chair of the Cryptocurrencies, Blockchain, and Risk Management in Financial Technology stream.

IV. Conference Organising and Research Network

He is the founder and main organiser of the highly successful Accounting and Finance Department annual conference:

Contemporary Issues in Financial Markets and Banking

  • Conference keynote speakers included: Professor Brian Lucey (Trinity College Dublin, Editor of International Review of Financial Analysis, ABS 2024-3*; 2023); Professor Dimitri Vayanos (LSE, Past Managing Editor of Review of Economic Studies, ABS 2024-4**, FT50; 2024); Professor Cheng-Few Lee (Rutgers University, Editor of Review of Quantitative Finance and Accounting, ABS 2024-3*; 2024); Professor Douglas Cumming (Florida Atlantic University, Past Editor of Journal of Corporate Finance, ABS 2024-4*; 2023 and 2024); Associate Professor Sofia Johan (Florida Atlantic University, Associate Editor of British Journal of Management, ABS 2024-4*; 2023); Professor Michael S. Pagano (Villanova University, Joint Editor of The Financial Review, ABS 2024-3*; 2024); Associate Professor Tina Yang (University of South Florida, Joint Editor of The Financial Review, ABS 2024-3*; 2024); Associate Professor Muhammad Ali Nassir (University of Leeds, Associate Editor of Journal of Environmental Management, ABS 2018-3*; 2024); Professor Sir Oliver Hart (2016 Nobel Prize Winner, Harvard University; 2025), Professor Tarun Ramadorai (Imperial College, Editor of Review of Financial Studies, ABS 2024-4**, FT50; 2025), Professor Thierry Foucault (HEC Paris, Co-Managing Editor of Journal of Financial Quantitative and Analysis, ABS2024-4*, FT50; 2025); Professor Dirk Jenter (LSE, Associate Editor of Journal of Finance, ABS 2024-4**, FT50; 2025); Professor Luigi Zingales (University of Chicago, Associate Editor of European Financial Management, ABS 2024-3*, 2026); Professor Klaus Schaeck (University of Bristol, Editor of  Journal of Money, Credit and Banking, ABS 2024-4*, 2026); Professor Morten Bennedsen (University of Copenhagen, Editor of Journal of Corporate Finance, ABS 2024-4*, 2026); Professor Luc Renneboog (Tilburg University, Associate Editor of Journal of Banking and Finance, ABS 2024-3*, 2026).
  • Papers submitted to the conference included submissions from Harvard University, Yale University, Columbia University, London School of Economics, Imperial College, London Business School, Bocconi University, KU Leuven, Tsinghua University, Australian National University, McGill University, Monash University, and the Indian Institutes of Management and Technology; major central banks such as the Bank of England, Norges Bank, Central Bank of Ireland, Central Bank of Chile, and the Federal Reserve Board of Governors; and influential organizations including the Bank for International Settlements and the Office of the Comptroller of the Currency. Other participating universities and higher education institutions include Al Yamamah University; Anglia Ruskin University; Ariel University; Asia School of Business; Aston University; Athens University of Economics and Business; Auburn University; Bangor University; Bar Ilan University; Baruch College; Bond University; Boston College; Brunel University; Canterbury Christ Church University; CEMFI; Central University of Finance and Economics; Cheung Kong Graduate School of Business; China Foreign Affairs University; City University of Hong Kong; Claremont McKenna College; Cranfield University; Cyprus University of Technology; De Montfort University; Deakin University; Drexel University; Duke University; Durham University; Federal University of Rio Grande Do Sul; Federation University Australia; Florida Atlantic University; Florida Polytechnic University; FUCAPE Business School; George Mason University; Glasgow Caledonian University; Gutenberg University of Mainz; Heriot Watt University; Hiroshima University; Hong Kong Baptist University; Hong Kong University of Science and Technology; Huaqiao University; Justus Liebig University Giessen; Kent University; King’s College London; Kingston University; Kyushu University; Laval University; London South Bank University; Loughborough University; Macquarie University; Manchester Metropolitan University; Nanjing University of Finance and Economics; National Bank of Moldova; New York University; Newcastle University; North Carolina State University; Northeastern University; Nottingham Trent University; Ohio University; Osmaniye Korkut Ata University; Paderborn University; Pennsylvania State University; Polish Academy of Sciences; Prince Sattam Bin Abdulaziz University; Princess Nourah Binti Abdulrahman University; Qatar University; Queen Mary University; Rice University; Rutgers University; Sabanci University; Santa Clara University; Shanghai University; Soochow University; St Francis Xavier University; State University of New York; Technical University of Munich; Temple University; The American College of Greece; The Open University of Israel; Tilburg University; United International College; Universidade Federal de Pernambuco; Università Degli Studi di Milano; Université Côte d’Azur; Universiti Sains Malaysia; University of Aegean; University of Bath; University of Bristol; University of Dublin; University of Dundee; University of Edinburgh; University of Exeter; University of Florida; University of Glasgow; University of Graz; University of International Business and Economics; University of Klagenfurt; University of Lancaster; University of Leeds; University of Leicester; University of Maryland; University of Massachusetts; University of Mauritius; University of Missouri; University of New Brunswick; University of New South Wales; University of North Carolina; University of Nottingham; University of Quebec; University of Reading; University of Roehampton; University of Scranton; Université de Sherbrooke; University of South Carolina; University of Southampton; University of Stirling; University of Strasbourg; University of Surrey; University of Texas (Rio Grande Valley and Dallas); University of Tokyo; University of Turin; University of Vaasa; University of West Attica; University of York; Vilnius University; Warsaw School of Economics; Wenzhou Kean University; Wrexham University; Xi’an Jiaotong Liverpool University; and Yeshiva University
  • Special Issues/Sections/Collaborations linked to the conference: The Financial Review (ABS 2024-3*) since 2023, International Journal of Finance and Economics (ABS 2024-3*) since 2024, British Accounting Review (ABS 2024-3*) and  the Journal of Empirical Finance (ABS 2024 - 3*)

Additionally, he is also the founder and main organiser of the Mid-Career Academic Network for Finance (MAN). MAN organises events with mid-career researchers in mind:

  • Up, Close and Personal:  In-Person  Gran t Writing Skills (Trainer: Andrew Derrington) 1 June 2026.
  • REF 2029 People, Culture and Environment: What is it, How am I affected, and How can I contribute? (Speaker: Professor Annie Yingqi Wei, University of Leeds) 26 January 2026.
  • Mid-career Academic Redefined: Evidence for a New Framing of (Academic) Careers (Speaker: Emeritus Professor Lynn McAlpine) 15 October 2025.
  • Mental Health and Well-Being for Mid-Career Academics (Speaker: Professor Mario Weick, Durham University) 25 June 2025.
  • Finance Titans of Our Age Series I (Speaker: Professor Cheng-Few Lee, Rutgers University) 16 April 2025.
  • Promotion: To Persevere or Leave (Speaker: Professor Emanuele Bajo, University of Bologna) 8 January 2025.
  • Female and Minorities in Finance Academia (Panel Speakers: Professor Mila Sherman - University of Massachusetts; Associate Professor Tina Tianxia Yang - University of South Florida; Professor Bonnie Buchanan - University of Surrey; Professor Mike Pagano - Villanova University) 2 October 2024.

Contact: info@midcareernetwork.com

V. Independent External Assessor

He was also an international external assessor for promotion to Associate Professor for Florida Atlantic University (USA) and Massey University (NZ).

Publications

A selection of his work has been awarded as the best papers. For example, his paper on the negative bubble and cryptocurrency won the 2019 Tom Fetherstone Best Paper published in the International Review of Financial Analysis (ABS 2024-3*). The award included a USD1,000 cash prize and a certificate. His other best papers were published in the Total Quality Management and Business Excellence journal (ABS 2024-2*) in 2005 and 2006. Furthermore, his papers on speculative bubbles, negative bubbles, and long memory of cryptocurrencies have been listed as the most downloaded and cited papers for over 250 weeks continuously and have recorded a combined average of over 200 citations per year.

Selected Publications

Cheah, E.T.,  Mishra, T.,  Johan, S. and Nguyen, T.N.  (2026). Political Partisanship  and State-level  Bank Efficiency. The Financial Review (accepted and forthcoming) (ABS 2024-3*).

Cheah, E.T., Dao, T., Do, H. , Mishra, T. and  Tan, L.  (2025). Speed of Adjustment in Digital Assets in a Decentralised Financial World.  Journal of Futures Markets. (accepted and forthcoming) (ABS 2024-3*).

Huang, X., Tan, L., Su, H. and Cheah, E.T. (2025). Using Deep Learning Conditional Value-at-Risk Based Utility Function in Cryptocurrency Portfolio Optimisation. International Journal of Finance and Economics (accepted and forthcoming) (ABS 2024-3*).

Konwar, Z.,  Wei, Y.,  Wood, G. and  Cheah, E.T.  (2024). The Public as a Definitive Stakeholder of Corporate Environmental Sustainability Practices: A Cross-National Institutional Approach. Journal of Environmental Management (accepted and forthcoming) (ABS 2024-3*)

Cheah, E.T., Dao, T. and Su, H. (2023) 'Measuring Cryptocurrency Moment Convergence using Distance Analysis', Annals of Operations Research, vol. 332, pp. 533-377 (ABS 2024-3*) - accepted after one round of revision.

Cheah, E.T., Luo, D., Zhang, Z. and Sung, M. (2022) 'Predictability of Bitcoin Returns', European Journal of Finance, vol. 22, iss. 1, pp. 66 - 85. (ABS 2024-3*).

Sung, M.-C., Mcdonald, D.C.J., Johnson, J., Tai, C.C. and Cheah, E.T. (2019) 'Improving Prediction Market Forecasts by Detecting and Correcting Possible Over-reaction to Price Movements', European Journal of Operational Research, vol. 272, no. 1, pp. 389-405. (ABS 2024-4*).

Cheah, E.T., Mishra, T., Parhi, M. and Zhang, Z. (2018) 'Long Memory Interdependency and Inefficiency in Bitcoin Markets', Economics Letters, vol. 167, pp. 18-25. (ABS 2024-3*) - accepted after one round of revision.

Fry, J.M. and Cheah, E.T. (2016) ‘Negative Bubbles and Shocks in Cryptocurrency Markets’, International Review of Financial Analysis, vol. 47, pp. 343-352. (ABS 2024-3*) - won Tom Fetherstone Best Paper Award with certificate and prize money accepted after one round of revision.

Wood, G., Yin, S., Mazouz, K. and Cheah, E.T. (2016) 'Foreign Direct Investment and Employment Rights in South-Eastern Europe', Cambridge Journal of Economics, vol. 40, iss. 1, pp. 141-163. (ABS 2024-3*).

Cheah, E.T. and Fry, J.M. (2015) ‘Speculative Bubbles in Bitcoin Markets? An Empirical Investigation into the Fundamental Value of Bitcoin’, Economics Letters, vol. 130, pp. 32-36. (ABS 2024-3*) - accepted after one round of revision.

Wood, G., Yin, S., Mazouz, K. and Cheah, E.T. (2014) ‘Foreign Direct Investment from Emerging Markets to Africa: The HRM Context’, Human Resource Management (USA), vol. 53, no. 1, pp. 179-201. (ABS 2024-4*; FT50).

Cheah, E.T., D. Jamali, Johnson, J.E.V. and Sung, M.-C. (2011) ‘Drivers of Corporate Social Responsibility Attitudes: The Demography of Socially Responsible Investors’, British Journal of Management, vol. 22, no. 2, pp. 305-323. (ABS 2024-4*) - accepted after one minor revision round.

Cheah, E.T., Chan, W.L. and Chieng, C.L.L. (2007) ‘The Corporate Social Responsibility of Pharmaceutical Product Recalls: An Empirical Examination of U.S. and U.K. Markets’, Journal of Business Ethics, vol. 76, pp. 427-449. (ABS 2024-3*; FT50) - accepted without revision.

Chan, W.L., Cheah, E.T. and Montanheiro, L. (2016). CSR and Pharmaceutical Industry. In A. Ortenblad (Ed.), Research Handbook on Corporate Social Responsibility in Context, Edward Elgar.

Journal Reviewing Experience

He is also an active ad-hoc reviewer and has been invited to review for many internationally well-ranked and reputable journals, such as:

Review of Economic Studies (ABS 2024-4**, FT50), British Journal of Management (ABS 2024-4*), Human Resource Management USA (ABS 2024-4*, FT50), European Journal of Operational Research (ABS 2024-4*), Economics Letters (ABS 2024-3*), European Economic Review (ABS 2024-3*), European Management Review (ABS 2024-3*), European Journal of Finance (ABS 2024-3*), Financial Review (ABS 2024-3*), International Business Review (ABS 2024-3*), International Review of Financial Analysis (ABS 2024-3*), International Journal of Finance and Economics (ABS 2024-3*), Journal of Banking and Finance (ABS 2024-3*), Journal of Business Research (ABS 2024-3*), Journal of Business Ethics (ABS 2024-3*; FT50), Journal of Financial Stability (ABS 2024-3*), Journal of International Markets, Institutions and Money (ABS 2024-3*), Physica A (ABS 2024-2*), Research in International Business and Finance (ABS 2024-2*), North American Journal of Economics and Finance (ABS 2024-2*), Economic Modelling (ABS 2024-2*), Review of Financial Economics (ABS 2024-2*), Applied Economics (ABS 2024-2*), Applied Financial Economics (ABS 2024-2*), Decisions in Economics and Finance (ABS 2024-2*), Emerging Markets Finance and Trade (ABS 2024-2*), Financial Innovation (ABS 2024-2*), Journal of Accounting in Emerging Economies (ABS2024-2*), Journal of Alternative Investments (ABS 2024-2*), Journal of Multinational Financial Management (ABS 2024-2*), International Review of Economics and Finance (ABS 2024 -2*), Management Research Review (ABS 2024-1*), Review of Corporate Finance (ABDC 2025-A), Planning Research Journal (ABDC 2022-C), Singapore Economic Review (ABDC 2022-C), Discover Education, PLOS One, Economia Politica, Sage Open.

See all of Dr Jeremy Eng-Tuck Cheah's publications...

Press expertise

Decentralised Finance, Bitcoin, Cryptocurrency, Crypto-Finance, Digital Finance, Digital Investment, Financial Technology, Financial Markets

Some of his views on cryptocurrency have been covered by national and regional media and leading websites. For example, his expert views have been published by:

The Metro (published 17 April 2022), The FinTech  Times  (published 10 November 2023), Express (published 27 May 2021; 23 June 2021; 23 June 2021; 28 June 2021 ; 16 October 2021), The National UK (published 29 November 2021), The Independent (published 12 May 2021), New York Times Post (published 25 June 2021), Blockchain Observatory (published 22 February 2021 in Spanish language), International Investor Magazine (published 11 February 2021), MoneySense (published 20 October 2021), ITV (published 14 January 2021), PressTV (published on 12 November 2020), Finder (published on 7 October 2020 and 18 December 2020; 10 May 202128 July 2021, 18 August 2021 1 June 2022), The Conversation (published on 28 August 2020 and reached over 120,000 views as of 31 March 2022 and is ranked No. 1 article published by NBS academic staff based on the number of views since first publication in 2012 by NTU staff. It is also ranked No. 56 out of 742 articles (top 7.6 percent) published by NTU staff based on the number of views since first publication in 2012), Radio Sputnik (published 27 August 2020), Sunday Times Raconteur (published 29 June 2020; 21 January 2022; 12 April 2022; 2 August 2022), Cointelegraph (published 27 June 2020), Futurism (published 27 December 2017), Yorkshire Post (published 7 January 2014), The Motley Fool (published  29 April 2022), The Crypto News (published  22 April 2022; 21 July 2023), CoinStack News (published 22 April 2022), Forkast (published 16 November 2020), Popular Token (published 24 April 2022), CryptoRunner (published 3 May 2021), Evening Standard (published 7 June 2022)

Some of these articles were republished in Indonesian and Chinese languages.

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