Publications

2010 to 2017 (published or accepted)

Innovation, intermediation and the nature of entrepreneurship: A historical perspective, (with S Toms and M Wright).  Strategic Entrepreneurship Journal, (forthcoming) (4*).

Distress, failure and recovery in private equity buyouts, Chapter 28. In The Routledge Companion to Management Buyouts, Ed Wright, M., Amess, K., Bacon, N., Siegel, D.  Routledge Companions, Routledge, 2019 Oxford. ISBN: 978-1-138-71384-0

Polytomous Response Financial Distress Models: the role of Accounting, Market and Macroeconomic Variables (with P. Holmes and M. Tinoco), International Review of Financial Analysis.Volume 59, October 2018, Pages 276-289

The Equity Gap and Knowledge-based Firms, (with M. Wright and M. Kacer), Journal of Corporate Finance, 2018. Vol. 50(C), pages 626-649 (4).

On the Persistence and Dynamics of Big 4 Real Audit Fees: Evidence from the UK (With D. Peel, M. Peel and M. Kacer), Journal of Business Finance and Accounting. Vol. 45, No. 5-6, 05. 2018, p. 714-727.

Brexit, Private Equity and Management (with M. Wright, K. Amess, N. Bacon and J. Gillighan) British Journal of Management, Volume 27, Issue 4, Pages 682-686, 2016. (4*).

The Importance of Family Firm Trusts in Family Firm Governance (with L. Scholes), Entrepreneurship: Theory and Practice, Volume 38, Issue 6, November 2014, Pages: 1285–1293, 2014 (4*).

Gender diversity and educational attainment in limited companies: Evidence from Slovakia (with P. Ochotnicky, M. Kacer and M. Alexy), Acta Oeconomica (forthcoming).

The Evolution of Private Equity: Corporate Restructuring in the UK, c.1950-2010 (with S. Toms and M. Wright), Business History, Volume 57 Issue 5, Pages 736-768, 2015.

Sovereign Credit Rating and the New EU member States, (with M. Kacer and P. Ochotnicky), Journal of Credit Risk, Volume 10 Number 4, 2014.

Creation and Destruction’ in Transition Economies: SME Sector in Slovakia (with M. Kacer and P. Ochotnicky), International Small Business Journal. 2016 vol. 34, 5: pp. 579-600

The Effect of Internationalization on Modeling Credit Risk for SMEs: Evidence from UK Market (with J. Gupta), Journal of International Financial Markets, Institutions & Money, Volume 31, July 2014 pages 397-413.

Effects of Alternative Investments on Entrepreneurship, Innovation and Growth, Managerial and Decision Economics Special Issue (Editor, with D. Siegel, P. Klein and M. Wright), Vol 35 Issue 2 p67-72 2014.

Financial Restructuring and Recovery in Private Equity Buyouts: The UK Evidence (with M. Wright and R. Cressy), Venture Capital: An International Journal, Volume 6 Issue 2 Pages 109-129, 2014.

The Value of Operating Cash Flow in Modelling Credit Risk for SME’s, (with J. Gupta, A. Gregoriou and J. Healy). Applied Financial Economics 2015, Volume 24, Number 9, Pages 649-660.

Improving the Bankruptcy Prediction in Micro-entities by using Non-linear Effects and Non-financial Variables (with A. Blanco), Czech Journal of Economics and Finance, Volume 65, Issue 2 Pages 144-166, 2015.

Buyouts Private Equity and Insolvency Risk (with M. Wright), Journal of Business Finance and Accounting, 2013 Vol 40. Issue 7-8 pp. 949-900.

Private Equity Portfolio Company Performance During The Global Recession (with M. Wright, D. Siegel and L. Scholes) Journal of Corporate Finance, 2012, 18, 193-205, (4*).

Family Business Survival and the Role of Boards (with L. Scholes and M. Wright), Presented to ‘Entrepreneurship: Theory and Practice’, Special Issue Conference, May 2012. Entrepreneurship Theory and Practice, Volume 37 Issue 6 Pages 1369-1389, 2013, (4*)

Company Failure Prediction with Limited Information: Newly Incorporated Companies, (with A. Altanlar), Journal of the Operations Research Society, Vol 65 pages 252-264 2013

Financial Distress and Bankruptcy Prediction amongst Listed Companies using Accounting, Market and Macroeconomic Variables (with M. Hernandez), International Review of Financial Analysis, Vol 30. Pages 394-419, December 2013 (Most downloaded paper in 2014, top 3 in 2013, 2015, top 10 in 2016 and 2017).

The Survival of Newly Incorporated Companies and the Impact of Director Characteristics (with A. Altanlar and M. Wright), International Journal of Small Business, 2014, Vol 32 No 7 pages 733-758

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.

Papers to 2007

Value Gains on Flotation and IPO Underpricing (with Paula Hill), Journal of Business Finance and Accounting, Vol 33 Issue 9-10 pp1435-1459, 2006.

Employee Financial Participation and Productivity: An Empirical Reappraisal, (with A. Robinson), British Journal of Industrial Relations, 44(1), 31- 50, 2006, (4*).

Participation and Productivity: A Stochastic Frontier Approach (with A. Robinson), Economic and Industrial Democracy, Vol 27 No 4 pp 609-636, 2006.

The determinants of trade credit demand: survey evidence and empirical analysis (with S. Paul), Journal of Accounting, Business and Management, 2007 14: 96-116.

Trade Credit Supply: An Empirical Investigation of Company Level Data, (with S. Paul), Journal of Accounting, Business and Management, 2006 13.

The Separation of Ownership from Control and the Modelling of Directors Pay Decisions in UK SMEs: an empirical analysis (with R. Watson), Small Business Economics, Vol 24 pp 465-476, 2005.

Disequilibrium in the UK Corporate Loan Market (with C. V. Atanasova), Journal of Banking and Finance, Vol 28 Issue 3 pp 595-614, 2004.

Borrowing Constraints and the Demand for Trade Credit: Evidence from Panel Data (with C. V. Atanasova), Managerial and Decision Economics, Vol 24, Issue 6-7, 2003.

An Examination of the factors Associated with Bank Switching in the UK Small Firm Sector (with C. Howorth and M. J. Peel), Small Business Economics, Vol 20 No 4 pp 305-317 2003.

Trade Credit and Customer Relationships (with B. Summers), Managerial and Decision Economics, Vol 24, Issue 6-7, 2003.

Small Firm Finance: An Empirical Investigation of the Pecking Order Hypothesis (with R. Watson), Journal of Business Finance and Accounting,Vol 29, 2002.

Trade Credit Terms Offered by Small Firms: An Empirical Investigation (with B. Summers), Journal of Business Finance and Accounting, Vol 29 N0 4, 2002.

An Empirical Investigation of Trade Credit Demand (with B. Summers), International Journal of the Economics of Business, 2002 Vol 9, No 2 pp 257-270.

Specific Human Capital and Partial Employee Ownership: A Transaction Cost Analysis”, (with A. Robinson and H. Zhang), Advances in the Economic Analysis of Participatory and Labour-Managed Firms, 7, 211-226, 2002.

Corporate Failure Rates and the Impact of the 1986 Insolvency Act: An Econometric Analysis (with J. Lieu), Managerial Finance, 2002 Vol 28, No 6, pp 61-71.

Do Organisational Routines in Manufacturing Inform Contracting Choices Distribution. (N. Wilson and H. Zhang, 2002). Management Decision, 40(1/2), 50-57.

Trade Credit Management and the Decision to Use Factoring (with B. Summers) Journal of Business Finance and Accounting, Vol 27 No 1 2000.

Late Payment and Credit Management in the Small Firm Sector:  Some Empirical Evidence (with M. J. Peel and C. Howorth) International Journal of Small Business, Vol 18 No 2 February 2000.

Predicting Corporate Failure and Payment Behaviour (with B. Summers and R. S. Hope) International Journal of the Economics of Business, Vol 7 No 3 2000 pp 333-346.

Late Payment and the Small Firm: An Examination of case studies (with C. Howorth) Journal of Small Business and Enterprise Development, Vol 5 No 4 1999.

Trade Credit: A Strategic Tool? The Journal of Risk Finance, Vol 7 No 3 1999.

Using Neural Networks for Credit Risk Management (with B. Summers), Journal of Credit Management, Issue 1, pp 4-10, 1998.

The Perception and Effects of ‘Ownership’ in Employee Buy-Outs: Some Empirical Evidence (with A. Pendleton and M. Wright) British Journal of Industrial Relations, 1998, Vol 36 No 1 p99-123, (4*).

The Longer Term Effects of Management-Led Buy-Outs (with M. Wright and K. Robbie) Journal of Entrepreneurial and Small Business Finance, 1998, 5(1) p213-23.

Small Business Start-ups: Success Factors and Support Implications (with K. Watson and S. Hogarth-Scott), International Journal of Entrepreneurial Behaviour and Research, Vol 4 No 3 1998 p217-238.

Profit-Sharing in OECD Countries: A Review and Some Evidence (with S. Estrin, V. Perotin and A. Robinson), Business Strategy Review, 1997  Vol 8, Issue 4, p27-32.

An Analysis of Management Buy-out Failures (with M. Wright, K. Robbie C. Ennew), Managerial and Decision Economics, Vol 17, pp57-70, 1996

Working Capital and Capital Budgeting Practices in the Small Firm Sector (with M. J. Peel), International Small Business Journal, Vol 14 No 2, Issue 54, pp52-68 1996.

Employee Participation and Corporate Governance in Employee-Owned Firms (with A. Pendleton et al) Work, Employment and Society, Vol 10, No 2, pp205-226, 1996, (4*).

Do small businesses have to practice marketing to survive and grow (with S. Hogarth-Scott and K Watson), Marketing Intelligence and Planning, Vol 14 No 1, 1996 p5-17.

Neural Network Simulation and the Prediction of Corporate Outcomes: Some Empirical Findings (with K. S. Chong and M. J. Peel) International Journal of the Economics of Business, Vol 2, No 1, pp31-50, 1995.

The Impact of ESOPs on Employee Participation and Industrial Democracy (with A. Pendleton, A. Robinson, J. McDonald) Human Resource Management Journal, Vol 5, No 4 1995 p 44-6.

Does Employee Ownership Weaken Trade Unions? Recent Evidence from the UK Bus Industry (with A. Pendleton, A. Robinson and J. McDonald), Economic and Industrial Democracy,August 1995, Vol 16 pp 577-605.

Co-operative vs Private Firms: An Empirical Comparison of Cooperative and Private Small Firms in Britain, (with A. Robinson), International Business Review, 2(3), 281-296, 1994.

Forecasting International Tourism Flows Using Quarterly Data (with C. Witt and S. Witt) Annals of Tourism Research, 1994 Vol 21 No 3, (4*).

Restructuring and Failure in Buy-outs and Buy-ins (with M. Wright and K. Robbie) Business Strategy Review, summer 1994, Issue 2 Vol 5 pp 21-40.

Advertising, Barriers to Entry and Competition Policy (with C. Pass and B. Sturgess), Journal of Product and Brand Management, Vol 3 No 3 1994.

Emerging Forms of Organisation and Ownership in Europe (with H. Mirza), International Business Review, Vol 2 No 3, 1993 pp221-222.

The Impact on Absenteeism and Quits of Profit-Sharing and Other Forms of Employee Participation (with M. J. Peel), Industrial and Labor Relations Review, April 1991, Vol 44 No 3 (18 pages).

Unionisation, Wages and Productivity: Some UK Evidence (with J. R. Cable), Applied Economics, 1991, January 1991. Vol 23 pp 219-227.

Profit-Sharing and Productivity: Some Further Evidence (with J.R. Cable) Economic Journal, 1990, vol 100 No 399.pp 550-63), (4*).

Quit Rates, the Impact of Participation Profit-Sharing and Unionisation: Empirical Evidence from UK Engineering Firms (with J. R. Cable and M. J. Peel) British Journal of Industrial Relations, 1990 vol 28 No 2, July, pp 197-213, (4*).

The Impact of Profit-Sharing, Voice and Participation on Labour Absenteeism (with M. J. Peel), International Journal of Manpower, 1990 Vol 11 Number 7 pp 17-25.

Profit-Sharing and Productivity: An Analysis of UK Engineering Firms (with J. R. Cable) Economic Journal, 1989, vol 99 No 396.pp 366-76, (4*).

Some Evidence on Discriminating between Failing and Distressed Acquired Firms in the UK Corporate Sector (with M. J. Peel), Managerial and Decision Economics, 1989, Vol 10 No 3 pp 209-221.

Modelling the Effects of Advertising: Some Methodological Issues (with G. J Hooley), Journal of the Market Research Society, 1988, Vol 30, No 1.pp 45-58.

Modelling the Effects of Advertising: Further Methodological Issues (with G. J. Hooley), Journal of the Market Research Society, 1988, Vol 30, No 2.

Advertising Expenditure and Aggregate Consumption in Britain and West Germany: An Analysis of Causality. Managerial and Decision Economics, 1984 Vol 5, No 4. pp 290-306.

Forecasting Advertising Expenditure (with B. T. Sturgess), International Journal of Advertising, 1983, Vol 2. pp 301-316.

Worker Cooperatives and the Promotion of   Cooperative Development in Britain (with J. Coyne), Industrial Relations Journal, March 1981 pp 30-45.

Recent Working Papers

On the Persistence and Dynamics of Big 4 Real Audit Fees: Evidence from the UK (with D. Peel, M. Peel and M. Kacer) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2891298

The Impact of Financial and Product Market Innovation on the Nature of Entrepreneurship: A Historical Perspective (with S. Toms and M. Wright) http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2770517

Audit Fees, Auditor Switching and Competition in the UK Auditor Market: An Analysis of UK Companies (1998-2012) (with M. Kacer) http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2596206

The Initial Discount for New Audit Engagements: Case of UK 1998-2012 (with M. Kacer) http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2691019

Ethnic and Gender Diversity: An Exploratory Analysis of UK Directorships http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2569598