Patrycja Klusak

Dr Patrycja Klusak is an Associate Professor in Banking and Finance at University of East Anglia and an Affiliated Researcher at Bennett Institute for Public Policy at the University of Cambridge.

Her research investigates the behaviour and regulation of credit ratings agencies (CRAs), and their effects on financial systems. Her work evaluates the extent to which regulations achieve their aims, or whether they lead to unintended consequences. Her research also examines the relationship between firms’ financial flexibility and their ratings, the extent of herding behaviour by CRAs, potential conflicts of interests in the CRA industry, and the effect of environmental, social, and governance (ESG) metrics on firm ratings. Her interdisciplinary work combines climate science and environmental economics with her expertise in empirical banking and applied econometrics to investigate how climate change risks have and could affect sovereign ratings.

Dr Klusak holds a PhD in Accounting and Finance and a BA in Banking and Finance from Bangor University, and an MPhil in Real Estate Finance at Cambridge University.