Academic

Working Papers 2009-2010.

 

Papers are available for download in the ‘Secure Area’ for password holders

Insolvency Risk of Private Companies and Macro-Conditions: Discrete Time Hazard Models  (with A Altanlar) 

Director characteristics and the survival of newly incorporated companies (with A Altanlar) Abstract

The role of non-financial information in SME Risk assessment (with Ed Altman and G Sabato) Abstract

Director characteristics , gender balance and insolvency risk (with A Altanlar) Abstract

Private equity, buyouts and failure (with Mike Wright and A Altanlar) Abstract

In Progress
Trade and Bank Credit and the Economic Cycle
Board Pay, Governance and Company Type
Regional Variations in Company Births and Exits over the Cycle

Selected Publications

 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

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

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

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

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) (2002), International Journal of the Economics of Business Vol 9, No 2 pp 257-270

Borrowing Constraints and the Demand for Trade Credit: Evidence from Panel Data (with CV 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 MJ 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)

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

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

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

 

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

 

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

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

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

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

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

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

Comparative Performance of Cooperative and Private Companies: An Empirical Investigation (with A Robinson) International Business Review Vol 2 No 3, 1993  pp281-296

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

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

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

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

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

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

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

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

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

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

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

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

Trade Credit Management and the Decision to Use Factoring (withB 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

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

 

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

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