Portrait of Dr Thitima Sitthipongpanich Dr Thitima Sitthipongpanich

t.sitthipongpanich@hud.ac.uk | 01484 471796


Position: Senior lecturer, Department of Accountancy, Finance and Economics
Qualifications: BBA, MBA, MRes, PhD


In 2017, Thitima was appointed as Senior Lecturer at Huddersfield Business School. She has gained teaching experience working for higher education institutions in Thailand, South Korea and the UK. Prior to her role as a university lecturer, she worked as an analyst for an international bank. She holds a PhD degree in Finance from the University of Manchester and a Master of Research in Finance (Distinction) from Lancaster University.


Research and Scholarship

Thitima’s research interests include corporate governance in family firms, bank and political connections, CEO and board characteristics, business groups and shareholder interests.

Publications and Other Research Outputs


Sitthipongpanich, T (2017) ‘Family ownership and free cash flowInternational Journal of Managerial Finance , 13 (2), pp. 133-148. ISSN 1743-9132

Sitthipongpanich, T (2017) ‘Multiple large shareholders of Thai firms: do they matter?NIDA Development Journal , 57 (1), pp. 224-244. ISSN 0125-5606


Sitthipongpanich, T. and Polsiri, P. (2015) ‘Do CEO and board characteristics matter? A study of Thai family firmsJournal of Family Business Strategy , 6 (2), pp. 119-129. ISSN 1877-8585


Sitthipongpanich, T. and Polsiri, P. (2013) ‘Who's on board? Influence of diversity and network of Thai boards of directors on firm valueJournal of Applied Business Research , 29 (6), pp. 1763-1780. ISSN 0892-7626


Sitthipongpanich, T. and Polsiri, P. (2012) ‘CEO Characteristics and Corporate Financing in ThailandInternational Research Journal of Finance and Economics , 102, pp. 56-69. ISSN 1450-2887

Espenlaub, S., Khurshed, A. and Sitthipongpanich, T. (2012) ‘Bank connections, corporate investment and crisisJournal of Banking and Finance , 36 (5), pp. 1336-1353. ISSN 0378-4266

Polsiri, P. and Sitthipongpanich, T. (2012) ‘Bank connections and corporate restructurings: Evidence from ThailandInternational Research Journal of Finance and Economics , 83, pp. 134-152. ISSN 1450-2887


Chapman, B., Lounkaew, K., Polsiri, P., Sarachitti, R. and Sitthipongpanich, T. (2010) ‘Thailand's Student Loans Fund: Interest rate subsidies and repayment burdensEconomics of Education Review , 29 (5), pp. 685-694. ISSN 0272-7757


Thitima was appointed as a visiting researcher at the University of Manchester (UK) in 2009, 2014, 2015 and 2017 and as a visiting professor at Kwangwoon University (South Korea) in 2011. During her PhD study at the University of Manchester, she visited Smeal College of Business, Pennsylvania State University (USA) and Center for Economic Institutions, Hitotsubashi University (Japan), as a short term scholar. A number of her research work were granted the national research paper awards in Thailand and were covered by the media. She also reviews for the Journal of Banking and Finance, European Journal of Finance, and Journal of Accounting Profession, among others.

Research Degree Supervision

Thitima is interested in supervising research on corporate governance and corporate finance.

Current supervision

  • PhD: Determinants of capital structure in MENA countries
  • PhD: Corporate governance, corporate social responsibility and bank performance
  • PhD: Competition, corporate social responsibility and executive compensation in Sub-Saharan African banks


Past supervision (graduated)

  • DBA: Business groups and going public: Evidence from Thailand
  • DBA: The impact of ownership structure, board of directors and audit committees on earnings management of listed companies in the Stock Exchange of Thailand  

Enterprise Activities

Thitima was involved in several training activities and advisory work for banks and government offices in Thailand.

Teaching and Professional Activities

Thitima teaches the following modules:


  • Corporate finance
  • Investment and portfolio management


  • Corporate governance (Module leader)
  • Dissertations