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Accounting, Finance and Banking Research
Group
Coordinator: Professor Mark Tippett
Email: M.Tippett@lboro.ac.uk
Tel: +44 (0)1509 228829
Introduction
In the Accounting, Finance and Banking research group, interests span
a broad spectrum of methodologies ranging from applied financial econometrics
on the one hand to theoretical perspectives of both a mathematical and
social science nature on the other. Many members of this group have professional
as well as academic qualifications. A number of members have served on
major professional bodies particularly in the accounting and banking areas.
Staff are involved with editorial activities for various journals.
Research Themes
Work in the group falls into three major themes: management accounting,
banking and finance.
Work in management accounting includes
studies on corporate governance, fraud, supply chain management, venture
capital, the interplay of strategy and performance and knowledge management.
Research in the banking area includes work on consumer
attitudes toward risk, bank efficiency, credit scoring, syndicated loan
market and market discipline and structure. In the area of finance,
work covers areas such as equity valuation and risk premia, behavioural
finance, analyst coverage issues, raising of finance and corporate insolvency
and bankruptcy.
These themes offer many overlaps and fruitful areas for
collaboration between different subject areas. For example, the study
of financial instruments from both an accounting and financial valuation
perspective provides a better understanding of the off-balance sheet nature
of these commitments and the nature of the risks involved. There is also
research in the group that cuts across disciplinary boundaries, with members
of the group bringing an accounting and finance perspective on issues
concerned with innovation, information systems, performance measurement
and sustainability.
Group Members and their Research Interests
Core Members
- Dr Ali Ataullah
(Lecturer in Finance)
Economic theory of firm; Corporate diversification; Real options; Corporate
payout policy; Determinants and effects of international capital flows.
- Grahame Boocock
(Senior Lecturer in Banking and Finance)
Small business finance; Entrepreneurship
- Professor Ian Davidson
(Professor of Accounting and Finance and Director of the Business School)
Corporate finance; Financial markets; Financial instruments.
- Professor Lin Fitzgerald
(Professor of Management Accounting)
Performance measurement and cost information for decision-making in
service organisations
- Professor William Forbes
(Professor of Accounting and Finance)
Statistical/econometric issues in valuing firms and policy issues raised
by the new economy
- Dr Regina Frank (Lecturer
in Innovation and Entrepreneurship)
M&A, Synergies, Valuation, Bank Mergers, Financial Education, Management
in Performing Arts
- Dr Paul Hamalainen
(Lecturer in Accounting and Financial Management)
Corporate finance/treasury; Financial markets; Financial regulation;
Corporate governance; Financial literacy.
- Dr Robert Hamilton
(Lecturer in Economics and Banking)
Small business finance; Financial services and consumer behaviour.
- Dr Andrew Higson
(Lecturer in Accounting)
Financial instruments; Regulation; Fraud.
- Professor Barry Howcroft
(Professor in Retail Banking)
Measurement of bank branch efficiency utilising DEA;
customer retention strategies and customer service in banks and building
societies; the mutuality vs. the PLC debate in building societies; and
the evolution of delivery channels in banking
- Dr Alper Kara (Lecturer
in Business Economics)
Syndicated Loan Markets, Emerging Market Financing, Banking and Corporate
Governance, Bank Lending
- Dr Laurie McAulay
(Reader in Accounting and Financial Management)
Financial expertise, management control systems and the management of
IS.
- Dr Keith Pond (Senior
Lecturer in Banking and Economics)
Insolvency and regulation.
- Dr George Saridakis
(Lecturer in Business Economics)
Economics of Small Firms, Economics of Crime
- Professor Will Seal
(Professor of Management Accounting)
Accounting for Networks, Supply Chains and Relational Contracting; Management
Accounting in Local Government; Management Control in Shared Service
Centres; Management Control and Corporate Governance
- Dr Jonathon Seaton
(Reader in Business Economics)
Market diversification of firms; Micro econometrics analysis; Specifically
panel estimation; Limited dependent variable techniques
- Dr Yoshikatsu Shinozawa
(Lecturer in Corporate Finance)
Mature fund unit trust performance; Efficient Markets Hypothesis; Management
of fund Management Groups; Corporate Governance in Financial Services
- Professor Mark Tippett
(Professor of Accounting and Finance)
Relationship between Equity Prices and book (accounting) Information;
Real Options and Equity Value; Distribution of Equity Return
Affiliated Members
- Ian Herbert (MBA,
Academic Co-ordinator and Tutor; Lecturer in Accounting and Financial
Management)
Financial Expertise; Knowledge management and Organizational decision
making ranking.
- Ruth King (Programme
Director BSc in Banking, Finance & Management; Lecturer in Accounting)
Regulation; Accounting education; Financial literacy.
- John Whittaker (Director,
Professional and Management Development Centre; Lecturer in Financial
Accounting)
Financial instruments; Accounting education.
Examples of recent publications include:
Ataullah, A., Higson, A.W. & Tippett, M.J. (2006).
Real (Adaptation) Options and the Valuation of Equity: Some Empirical
Evidence', Abacus, 42, 2006, 236-265.
Boocock, J.G., Shariff, M.N.M. “Measuring the Effectiveness
of Credit Guarantee Schemes: Evidence from Malaysia”, International
Small Business Journal, 23(4), 2005, pp 427-454.
Ismail, A., Davidson, I. (2007). The determinants of
target returns in European bank mergers, Service Industries Journal,
27, 617-634.
El-Galfy, A.M., Forbes, W., (2004). Are forecasts of
corporate profits rational? A note and further evidence, Journal of
Empirical Finance, 11, 617-626.
Gourlay, A.R., Seaton, J.S. & Suppakitjarak, J. (2005).
The determinants of export behaviour in UK service firms, The Service
Industries Journal, 25, 879-889.
Hamalainen, P.K., Hall, M.J.B. & Howcroft, J.B. (2005).
A framework for market discipline in bank regulatory design, Journal
of Business Finance & Accounting, 32, 183-209.
Higson, A.W., Shinozawa, Y. & Tippett, M.J (2007).
IAS 29 and the cost of holding money under hyperinflationary conditions,
Accounting and Business Research, 37, 97-121.
Howcroft, B, Hamilton, R, and Hewer, P. "Customer
Involvement and Interaction in Retail Banking: An Examination of Risk
and Confidence in the Purchase of Financial Products", The Journal
of Services Marketing Vol. 21, No. 7, pp 481-491.
Marginson, D. & McAulay, L. Exploring the debate
on short-termism: a theoretical and empirical analysis, Strategic
Management Journal, in press.
Seal, W.B., (2006). Management accounting and corporate
governance: an institutional interpretation of the agency problem, Management
Accounting Research, 17, 389-408.
PhD Candidates
We welcome approaches from suitably qualified graduates, particularly
those with a relevant Masters degree and sufficient funding, who may wish
to undertake research projects in the specialist areas of the group, leading
to a PhD. For students interested in further information on potential
PhD projects and supervisors, please look carefully through our webpage.
For an online
application form click here
and for full details
of the Business School PhD programme click here
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