Credit Management Research Centre

Welcome to the Credit Management Research Centre. The CMRC was established at Leeds University Business School in 1998, with funding from the Institute of Credit Management, commercial sponsors from the credit industry and government departments. CMRC has enjoyed ten years of continual support from the credit profession and government. The unique focus of CMRC is to engage in a research program that combines academic rigour with practitioner and policy relevance. CMRC's mandate, to create and disseminate knowledge, goes hand in hand with building strong relationships with the credit industry and policy makers. Given our location in the fastest growing credit and financial services centre in the UK, it stands to reason that we consider industry partnerships as a critical factor in our commitment to dynamic and relevant research, innovative teaching, and exceptional post graduate courses.

"Recent worldwide events have demonstrated that Credit Management Research could not be more topical nor important than it is today. This leading edge team will continue to make key advances that will inform industry and have a global impact"

Professor Michael Arthur,
Vice-Chancellor, University of Leeds

Recent News And Events

Corporate Insolvencies: New Risk and Insolvency Report

The Risk and Insolvency Report provides monthly trends on company insolvencies in the UK by sector and by region. CMRC forecasting models have proven highly accurate in predicting the impact of the credit crisis on the real economy. Our latest analysis shows that company insolvencies dropped in December 2009 but may start to rise again [...]

Survival of Newly Incorporated Companies

New research tracks the survival of newly incorporated companies
and the characteristics of founding directors

SME Risk and Macro-Economic Conditions

New Working Paper available in January 2010.
Insolvency Risk of Private Companies and Macro-Conditions: Discrete Time Hazard Models (with A Altanlar)
Paper Models the Insolvency Risk of Unlisted Companies using financial and non-financial data and macro-dependent baseline hazard

Managing Tax Debt

The National Audit Office have published a report on HMRC Management of Tax Debt. Professor Wilson played an important role in the compilation of this report. NAO Study
“Professor Wilson’s work helped us to put the Department’s performance in a comparative context. His report was used to cross check findings from our own literature reviews, international [...]

Research and Presentations

CMRC in collabroation with CMBOR (Nottingham) is currently analysing the relationship between corporate debt levels and insolvency. In particular we are tracking the performance of private equity backed companies and a large sample of MBO’s during the period 1995-2008.
Nick Wilson gave the keynote speech at the International Finance and Risk Conference at the University of [...]

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