Publications
OUTPUTS FOR REF ASSESSMENT (2008 – 2013)
Refereed Papers
Private Equity Portfolio Company Performance During The Global Recession (with M Wright, D Siegel and L Scholes) Journal of Corporate Finance (Forthcoming)
The value of non-financial information in small and medium-sized enterprise risk management (with E Altman and G Sabato) (2010) The Journal of Credit Risk Vol 6. No. 2
Buyouts Private Equity and Insolvency Risk (with M Wright), under review
The Rating Decision and the Determinants of Credit Ratings: An Empirical Investigation (with E Gonis and S Paul), under review
The Survival of Newly Incorporated Companies and the Impact of Director Characteristics (with A Altanlar), under review
Reports and Monographs
Private Equity and Insolvency (with Mike Wright and Robert Cressey), British Venture Capital Association, March 2010
Private Equity Performance During Recession (with Mike Wright and Louise Scholes), British Venture Capital Association, March 2011
A Longitudinal Analysis of Business Performance, Financial Health and Growth Potential of SMEs in Wales”, (with P Evans and A Altanlar), Welsh Assembly, February 2010
An Investigation into Payment Trends and Behaviour 1997-2007, Policy Report published by BIS (2008)
Equity Gap in the UK Venture Capital Industry, (with M Wright), Report for the National Endowment for Science, Technology and Arts (NESTA). June 2011.
Conference Presentations
Private Equity, Buyouts, Leverage and Failure. Paper presented at a London Business School conference ‘Private Equity at the Cross Roads’ Conference on June 5th 2009
Private Equity, Buyouts, Leverage and Failure. Paper presented at ESSEC conference, Paris, June 2010
Credit Crisis and Lending Decisions in the UK, Leeds Financial Services Initiative Conference, Ventura, Leeds, March 2009
Non-Financial Information and SME Risk Assessment (with Ed Altman), Paper presented at the Risk Management Conference, Venice, June 2009; Paper presented at the European Financial Management Association Conference, Milan July 2009; Paper presented at the ‘Credit Scoring and Control Conference X1′ Edinburgh, August 2009; Paper presented at the Financial Management Association Conference, Reno Nevada (October)
Failure Prediction for Non-Listed Companies. Seminar, University of Innsbruck, February 2009
Key note Speeches on Private Equity and Company Risk ‘Die Welt’ Conference on Private Equity, Frankfurt, January 2009;
Origins of the Financial Crisis, University of Economics, Bratislava, November 2009
Corporate Insolvency Risk Models, CCR- i Conference, London October 2009
Director Characteristics and the Risks of New Companies, CCR- i Conference, London October 2010
A Longitudinal Analysis of Business Performance, Financial Health and Growth Potential of SMEs in Wales”, (with P Evans and A Altanlar), Paper presented to Regional Studies Association Annual International Conference, “Regional Responses and Global Shifts: Actors, Institutions and Organisations” May 2010, Pécs, Southern Hungary
Corporate Insolvency Risk in the UK: Micro and Macro Models. Presentation to Bank of England Financial Stability and Risk Division, April 2010
Gender Specific Attitudes to Risk: Evidence from Corporate Insolvency. Presentation to the Women-in-Insurance Network, Surrey, January 2010
Ownership, Governance and Insolvency Risk, CCR- i Conference, London October 2010
Private Equity Portfolio Performance During the Global Recession, JCF Special Issue Conference on the Financial and Real Effects of Alternative Investments, New York, May 2011.
Professorial Lecture Series, Leeds
Credit Where it is Due: The Role of Personal and Corporate Lending in the Credit Crisis, December 2008
UK Economy Outlook Post Credit Crisis, January 2010
Appointments and Impact Evidence
Research on Buy-Outs and Private Equity
Reported in ‘Die Welt’ January 21st 2009; Reported in Financial Times ,‘Private Equity Deals are Not Riskier’ July 5th 2009; Reported in New York Times, ‘No Better, or Worse’ July 7th 2009; Private Equity Risk, Economist 9th July 2009
PE and Insolvency, Financial Times (Lex); 03/05/2010 BVCA Responds to Report 08/04/2010; Private Equity and Insolvency Financial Times 08/04/2010; Buyout Failures and Private Equity Yorkshire Post 08/04/2010
Research on Governance and Gender
Reported in the Times, Women in the Board Room Help Companies Succeed.
March 19th 2009; Women in Emerging Economies, Sunday Times 14/03/2010;
Women Bosses, Daily Mail 07/12/09; Top 50 Business Women, Financial Times, 25th September 2009; Women Directors, Guardian 15th September 2009; Women in the Boardroom and insolvency risk, Times 19/03/09
Feature Article in ‘Edge – Institute of Leadership and Management‘ Magazine,
‘Balancing the Board’ Pages 36-41, July 2009. Feature Article in ‘Professional Manager’ – The Chartered Institute of Management Magazine, October, 2009. Keynote speech in Thessaloniki, March 2011.
Research Cited in the ‘Davies Report’ 2011.
Research on Trade Credit and Payment Behaviour
Late Payment and Small Business, Financial Times, September 3rd, 2009
Britain’s Under-Siege Economy , Yorkshire Post, August 2009; Rise in Legal Action on Unpaid Bills, Financial Times 2/12/08; Payment League, Financial Times 22/11/08; If recession doesn’t get you, bombed-out banks and overdue invoices will, Observer 26/10/08; Accounts not receivable, The Economist
Research on Insolvency Risk and Forecasting
Reported in the Daily Telegraph, ‘Business Failures Surge’ 5th February 200; Reported in the Financial Times, ‘Rise in Legal Action’ 2nd December 2008; Reported in the Yorkshire Post, ‘ The Science of Business‘, 27th January 2009; Reported in the Guardian, ‘Job Losses’ 19th January 20; Reported in Yorkshire Post; Insolvencies ‘to rise 20pc’ as number of court cases over unpaid bills soars, Daily Telegraph; Small companies face cash squeeze; Financial Times; Forecast of rise in company insolvency cases, Financial Times
The mission of CMRC is “to establish a leading and internationally recognized centre for research, education and expertise in the management of corporate lending, business-to-business trade and consumer credit”. Recognizing the important role of knowledge transfer activities, the research program combines academic rigour with practitioner and policy relevance.
CMRC disseminates output in a wide range of academic, professional journals and policy reports.
