PhD Scholarship in the Rise of Emerging Market Multinational Enterprises

Scholarship Information

CLOSING DATE FOR APPLICATIONS: Wednesday 11 April 2018, 12:00 noon (UK Time)

Download application form and information sheet

Number of awards: 1

The PhD Scholarship in the Rise of Emerging Market Multinational Enterprises is open to UK, EU and international fee rated applicants. The award is available to support full-time PhD study commencing on 1st October 2018. The scholarship holder will be registered in the International Business division of Leeds University Business School.  This project is funded by an alumni donor to the University.

Value of award: tuition fees at the relevant UK/EU or international rate and a maintenance grant equivalent to the Research Councils UK National Minimum Doctoral Stipend (currently 14,553 per annum for 2017/18, the amount will be reviewed annually). There are no additional allowances for travel or research costs.

Project information

Outward investment from emerging economies to advanced economies

A large amount of future economic growth is predicted to flow from outward investment from emerging economies, such as China, India and Brazil, to the advanced economies, in the form of acquisitions and greenfield investment. This questions the predictions of the “standard model” that foreign direct investment should flow from the technologically advanced economies into emerging economies, and research is required to explore the reasons why. One school of thought is that that there are both visible and invisible investment barriers preventing outward investment from advanced economies into the emerging economies. If so, these barriers can be seen as an implicit form of development assistance, enabling emerging economy firms to internationalize, and secure technology with which to upgrade at home.

Further research into this phenomenon would allow the academic community to understand why and how exactly this is happening. This research would inform policy makers in advanced economies as to whether steps need to be taken to level the playing field (via trade agreements, with investment chapters, and via international investment agreements), as well as to better predict emerging economy firms’ business and economic performance. There is a need to understand what happens following on from this “reverse” investment by emerging economy firms into the advanced economies. Those emerging economy firms accessing technology and intellectual property through the acquisition process, in order to fuel their domestic growth, then need to learn rapidly how to meet the challenge of running businesses across disparate economies.

The questions raised in this research sit within the field of studies of international business (IB) but straddle international economics, political economy, and economic geography. Applicants with a strong academic background (whether in IB or another relevant discipline) will be considered.


Professor Jeremy Clegg, Jean Monnet Professor of European Integration & International Business Management. Professor Clegg has supervised over 25 PhD students to completion, and specializes in the economics of international business.

Dr Hinrich Voss, Associate Professor in International Business. Dr Voss is a specialist in the internationalization of emerging economy firms, and is an expert particularly on the Chinese economy and Chinese outward investment.

Dr Janja Tardios, School of Management, King’s College, London (external supervisor). Dr Tardios will provide econometric supervision linked to theory development and testing.

The supervisors work closely together as a team in the area of this project.

Eligibility Criteria

         Applicants MUST first submit a research degree study application form and be in receipt of a University BANNER ID Number (Student ID Number) to be eligible for this scholarship.

         Applicants must hold a First Degree at undergraduate level equivalent to at least a First Class Honours degree and a British Masters degree (or equivalent degree from an overseas university) at Distinction level, in an appropriate academic discipline (such as international business, international management, international economics, political economy, or economic geography).

         Applicants whose first language is not English must have a pass in an approved test in English prior to registration (EU/international applicants only). Candidates must have one of the following approved English tests
o   IELTS (Academic) with an overall score of at least 7.0, with no subtest less than 7.0.
o   iBT TOEFL: 100 or higher, with the following scores in each test: listening 22, reading 22, writing 23, speaking 24.

         The awards are available for new research students undertaking full-time study for 3 years leading to the degree of PhD. Students who are currently registered for PhD research study are not eligible for this competition.

Personal specification

         Able to demonstrate a good statistical knowledge and background

         Ability to use, or willingness to learn, the statistical packages STATA or ‘R’, or both

         A demonstrable interest in the topic of outward investment from emerging economies to advanced economies

         Excellent written and spoken communication in English

Scholarship regulations

These include the following (full information on the regulations will be sent to all successful applicants):

         Awards must be taken up on 1st October 2018.

         Applicants must live within a reasonable distance of the University of Leeds whilst in receipt of this Scholarship.

         The award will be made for one year in the first instance and is renewable for a further period of up to two years, subject to satisfactory academic progress and on condition that you have been successful in the “transfer” process and you are eligible for full PhD registration at the start of your second year of research.

How to apply

1.       Applicants MUST first submit a research degree study application form and be in receipt of a University BANNER ID Number (Student ID Number) to be eligible to apply for this scholarship. Applications without a valid University ID Number will be rejected. To find out more information on how to apply for a place on the PhD programme please visit

2.       All applicants must complete the Leeds University Business School Scholarships Application Form.

3.       The following documents must be uploaded with your PhD application or sent with your scholarship application by the deadline date:

a)      PhD application form: apply online

b)      Scholarship application form: this form must be completed in full. Download an application form from the Business School website.

c)       Research proposal: a 1000-2000 word document, in Word or .pdf format, outlining your proposed research topic and programme of research. Please see Writing Your Research Proposal for further details.

d)      Two academic references: you must submit two academic letters of reference from two people who have taught you at Masters (or Bachelors) level who are able to comment on your academic ability and suitability to study on the programme. References must either:

o be written on headed paper; or

o bear the institution’s stamp / logo; or

o be typed and stamped with the institution’s stamp on the University of Leeds Referee’s Report.

IMPORTANT NOTE ABOUT REFERENCES: Due to the number of applications we receive, the Business School will not contact your referees on your behalf. You or your referees must provide the completed references by the scholarship application deadline.

e)      Certified copies of qualification certificates: scanned copies of all your higher education and professional qualifications;

f)       Certified copies of academic transcripts and full grading systems: scanned copies of the official university listing of the full set of marks contributing to the overall grade of your qualifications. If you have not yet been awarded your qualification, you must provide confirmation of your provisional marks to date.

g)      English language: applicants whose first language is not English must provide evidence that you have met the English language entry requirements for this scholarship by the scholarship closing date (EU/International applicants only). You should have a valid test result, which is no more than two years old by the official start date at the University of Leeds.

4.       Completed application forms should be returned to [log in to unmask]

5.       Shortlisted applicants will be invited for an interview in Leeds with the supervision team.

If you have not already submitted the above documents as part of your PhD application, they must be attached to the scholarship application form. Scholarship applications will be rejected if any of the documents listed above have not been received by the deadline date.

CLOSING DATE FOR APPLICATIONS: Wednesday 11th April 2018, 17:00 (UK time).

Any application received after the deadline date or without a full set of documents as listed will be rejected.


Kind regards,



Dr Hinrich Voss

Associate Professor of International Business


Centre for International Business (CIBUL)

Leeds University Business School

Maurice Keyworth Building

University of Leeds

Leeds LS2 9JT

United Kingdom


T: +44-(0)1133432633

F: +44-(0)1133436848

E: [log in to unmask]


Centre for International Business

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