Publications
Credit Management Research Centre
2023
2023. Covid-19 Lending Support and Regional Levelling Up: Evidence from UK Loan Guarantee Schemes. Regional Studies. 
2023. Does inflation trigger early repayment on Covid-19 UK guaranteed loans?. Applied Economics Letters.
2023. The hazards of delivering a public loan guarantee scheme: An analysis of borrower and lender characteristics. International Small Business Journal.
2023. Audit market measures in audit pricing studies: The issue of mechanical correlation. European Accounting Review.
2022
2022. The Impact of Private Equity on Exporting Activity. In: The Palgrave Encyclopedia of Private Equity.
2022. The Impact of Venture Capital Holding on the Firms Life-cycle: Evidence from IPO Firms. Journal of Corporate Finance.
2022. Predicting future default on the Covid-19 bounce back loan scheme: The £46.5 billion question. International Small Business Journal. 650-666 40.5
2022. When the going gets tough: Private equity firms’ role as agents and the resolution of financial distress in buyouts. Journal of Small Business Management. 513-540 60.3
2022. Determining the Characteristics of the Private Equity Targets: UK Evidence. British Journal of Management. 138-159 33.1
2022. Exporting by Private Equity-Backed Portfolio Companies. British Journal of Management. 266-285 33.1
2021
2021. An Appreciation of the Research Career of Mike Wright (1952-2019). Foundations and Trends in Entrepreneurship. 651-765 17.7
2020
2020. The Green New Deal and Cultural Policy. In: Cultural Industries and the Environmental Crisis.
2020. Private equity firms’ role as agents and the resolution of financial distress in buyouts. Journal of Small Business Management.
2020. Driving Forces of Total Factor Productivity in Europe. Ekonomický časopis. 1002-1020 68.10
2020. Innovation, intermediation, and the nature of entrepreneurship: A historical perspective. Strategic Entrepreneurship Journal. 105-121 14.1
2020. The Impact of Venture Capital Holding on the Firms Life-cycle: Evidence from IPO Firms.
2019
2019. DISTRESS, FAILURE, AND RECOVERY IN PRIVATE EQUITY BUYOUTS.
2019. Equity Finance and the UK Regions Understanding Regional Variations in the Supply and Demand of Equity and Growth Finance for Business
BEIS Research Paper Number 2019/012.
2019. The Altman’s Revised Z’-Score Model, Non-financial Information and Macroeconomic Variables: Case of Slovak SMEs. Ekonomicky Casopis. 335-366 67.4
2019. Gender Diversity and Educational Attainment in Non-Listed Private Firms: Evidence from Slovakia. Acta Oeconomica. 131-159 69.2
2019. Estimating price gradient in Bratislava with different distance measurements. Journal of European Real Estate Research. 190-206 12.2
2019. Equity Finance and the UK Regions Understanding Regional Variations in the Supply and Demand of Equity and Growth Finance for Business.
2018
2018. Serious realist philosophy and applied entrepreneurship. In: Philosophical Reflexivity and Entrepreneurship Research: New Directions in Scholarship.
2018. Creative capacity of European countries. Hungarian Geographical Bulletin. 201-222 67.3
2018. Polytomous response financial distress models: The role of accounting, market and macroeconomic variables. International Review of Financial Analysis. 276-289 59
2018. On the Persistence and Dynamics of Big 4 Real Audit Fees: Evidence from the UK. Journal of Business Finance and Accounting. 714-727 45.5-6
2018. Sustainability of the ELV processing system in the Slovak Republic and forecasting of waste streams from the operation of passenger motor vehicles. Waste Forum. 452-4675
2018. Determinants of choice of the place of university study in Slovakia (Determinanty výberu miesta vysokoškolského štúdia
na Slovensku). Geografie. 201-224 123.2
2018. The Equity Gap and Knowledge-based Firms. Journal of Corporate Finance. 626-649 50
2016 & previous
1992. ESOPS: Their Role in Corporate Finance and Performance.
1996. Credit Mangement, Late Payment and the SME Business Environment: A Survey.
1998. Credit Insurance in the UK and Europe.
1998. Debt Collection in the UK and Europe.
1992. Employee Ownership and Corporate Performance. In: Wilson N (eds.) ESOPs, Their Role in Corporate Finance and Performance.
2000. Demand for credit and influences on payment behaviour. In: Green B (eds.) Risk Behaviour and Risk Mangement in Business Life.
1988. The demand for workers and hours. In: Hart R (eds.) Employment, Unemployment and Labour Utilization.
1996. Credit Management. In: International Encyclopaedia of Business and Management.
2003. Strategic Credit Management and Corporate Performance. In: Credit Management in a European Context.
1999. Small Business Demand for Trade Credit, Credit Rationing and the Late Payment of Commercial Debt: An Empirical Study. In: Wright M; Robbie K (eds.) Management Buyouts and Venture Capital: Into the Next Millennium.
1999. Small business demand for trade credit, credit rationing and the late payment of commercial debt: an empirical study. In: Wright M; Robbie K (eds.) Management Buyouts and Venture Capital: Into the Next Millennium.
1999. Small Business Demand for Trade Credit, Credit Rationing and the Late Payment of Commercial Debt. In: Wright M; Robbie K (eds.) Management Buy-Outs and Venture Capital.
2000. Demand for Credit and Influences on Payment Behaviour. In: al BGE (eds.) Risk Behaviour and Risk Management in Business Life.
2015. INITIAL AUDIT FEE DISCOUNT - THEORY AND REALITY. PROCEEDINGS OF THE 17TH INTERNATIONAL SCIENTIFIC CONFERENCE FINANCE AND RISK 2015, VOL 1
2015. Modelling of the default of cities in Slovakia. FINANCIAL MANAGEMENT OF FIRMS AND FINANCIAL INSTITUTIONS: 10TH INTERNATIONAL SCIENTIFIC CONFERENCE, PTS I-IV
2010. Company Insolvency Risk: Micro and Macro Models. The Bank of England, Financial Stability and Risk Division
2010. Private Equity, Buyouts, Leverage and Failure. Collier Institute Conference on Private Equity
2010. Private Equity, Buyouts, Leverage and Failure. ESSEC Private Equity Conference
2015. Research on Venture Capital Firms Feeds into Government Policy.
2016. Risk Attitude Elicitation Methods: Do They Tell Similar Stories?. Ekonomicky casopis. 847-877 64.9
2014. Visegrad Four Countries and their Sovereign Credit Rating. Ekonomický časopis. 447-472 62.5
2003. Borrowing Constraints and the Demand for Trade Credit: Evidence from Panel Data. Managerial and Decision Economics. 503-514 24.6-7
2003. Bank borrowing constraints and the demand for trade credit: Evidence from panel data. Managerial and Decision Economics. 503-514 24.6-7
2004. Disequilibrium in the UK corporate loan market. Journal of Banking and Finance. 595-614 28.3
2015. Improving bankruptcy prediction in micro-entities by using nonlinear effects and non-financial variables. Finance a Uver - Czech Journal of Economics and Finance. 144-166 65.2
1981. Worker co-operatives and the promotion of co-operative development in Britain. Industrial Relations Journal. 30-45 12.2
1997. The Incidence of Profit-Sharing in OECD Countries: A Review and Some Evidence. Business Strategy Review. 27-32 8.4
2014. The value of operating cash flow in modelling credit risk for SMEs. Applied Financial Economics. 649-660 24.9
2014. The effect of internationalisation on modelling credit risk for SMEs: Evidence from UK market. Journal of International Financial Markets, Institutions and Money. 397-413 31.1
1996. Do small businesses have to practise marketing to survive and grow?. Marketing Intelligence & Planning. 6-18 14.1
2003. An Examination of the factors Associated with Bank Switching in the UK. Small Business Economics. 305-317 20.4
2003. An examination of the factors associated with bank switching in the UK small firm sector. SMALL BUS ECON. 305-317 20.4
1998. Late payment and the small firm: an examination of case studies. Journal of Small Business and Enterprise Development. 307-315 5.4
1996. NEURAL NETWORK SIMULATION: A NEW APPROACH TO RISK ASSESSMENT AND BUSINESS FORECASTING. Management Research News. 50-54 19.6
2000. Late Payment and Credit Management in the Small Firm Sector: Some Empirical Evidence. International Small Business Journal. 17-37 18.2
1989. The liquidation/merger alternative some results for the UK corporate sector. Managerial and Decision Economics. 209-220 10.3
1990. Labour Absenteeism: The Impact of Profit Sharing, Voice and Participation. International Journal of Manpower. 17-24 11.7
1996. Working Capital and Financial Management Practices in the Small Firm Sector. International Small Business Journal: Researching Entrepreneurship. 52-68 14.2
1998. The Perception and Effects of Share Ownership: Empirical Evidence from Employee Buy-Outs. British Journal of Industrial Relations. 99-123 36.1
1996. Employee Participation and Corporate Governance in Employee-Owned Firms. Work, Employment & Society. 205-226 10.2
1992. Reviews. The Library. 70-72 s6-14.1
1995. The Impact of Employee Share Ownership Plans (ESOPs) on Employee Participation and Industrial Democracy. Human Resource Management Journal. 44-60 5.4
1995. Does Employee Ownership Weaken Trade Unions: Evidence from the UK Bus Industry. Economic and Industrial Democracy. 577-605 16.4
1994. Co-operative vs Private Firms: An Empirical Comparison of Cooperative and Private Small Firms in Britain. International Business Review. 281-296 2.3
2006. Employee participation, ownership and productivity: An empirical re-appraisal. British Journal of Industrial Relations.
2006. Employee Financial Participation and Productivity: An Empirical Reappraisal. British Journal of Industrial Relations. 31-50 44.1
2006. Financial Participation and Productivity: Insights from Stochastic Frontier Estimation. Economic and Industrial Democracy. 609-635 27.4
2002. Specific Human Capital and Partial Employee Ownership: A Transaction Cost Analysis. Advances in the Economic Analysis of Participatory and Labor-Managed Firms. 211-226 7
2014. The Importance of Family Firm Trusts in Family Firm Governance. ENTREPRENEURSHIP THEORY AND PRACTICE. 1285-1293 38.6
1983. Forecasting Advertising Expenditure. International Journal of Advertising. 301-316 2.4
2000. Trade Credit Management and the Decision to Use Factoring: An Empirical Study. Journal of Business Finance
2000. Trade Credit Management and the Decision to Use Factoring: An Empirical Study. Journal of Business Finance & Accounting. 37-68 27.1 & 2
2001. An Empirical Investigation of Trade Credit Demand. International Journal of the Economics of Business. 257-270 9.2
2003. Trade Credit and Customer Relationships. Managerial and Decision Economics. 439-455 24.6-7
2013. Financial distress and bankruptcy prediction among listed companies using accounting, market and macroeconomic variables. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS. 394-419 30
2015. The evolution of private equity: corporate restructuring in the UK, c.1945-2010. BUSINESS HISTORY. 736-768 57.5
2005. Board pay and the separation of ownership from control in UKSMEs. SMALL BUS ECON. 465-476 24.5
1984. Advertising Expenditure and Aggregate Consumption in Britain and West Germany: An Analysis of Causality. Managerial and Decision Economics. 290-306 5.4
1989. Some Evidence on Discriminating between Failing and Distressed Acquired Firms in the UK Corporate Sector. Managerial and Decision Economics. 209-221 10.3
1993. Comparative Performance of Cooperative and Private Companies: An Empirical Investigation. International Business Review. 281-296 2.3
1993. Emerging Forms of Organisation and Ownership in Europe. International Business Review. 221-222 2.3
1995. The Impact of ESOPs on Employee Participation and Industrial Democracy. Human Resource Management Journal. 44-60 5.4
1996. Employee participation and Coorporate Governance in Employee-Owber Firms. Journal of Financial Services Marketing. 205-226 2.2
2014. Company failure prediction with limited information: Newly incorporated companies. Journal of the Operational Research Society. 252-264 65.2
2010. The value of non-financial information in small and medium-sized enterprise risk management. Journal of Credit Risk. 6.2
1989. Profit-Sharing and Productivity: An Analysis of UK Engineering Firms. Economic Journal. 366-376 99.396
1990. Profit-Sharing and Productivity: Some Further Evidence. Economic Journal. 550-556 100.399
1991. Unions, wages and productivity: some evidence from UK engineering firms. Applied Economics. 219-227 23.1
1991. Unionisation, Wages and Productivity: Some UK Evidence. Applied Economics. 219-227 23
1990. Quit Rates, the Impact of Participation Profit-Sharing and Unionisation:Empirical Evidence from UK Engineering Firms. British Journal of Industrial Relations. 197-213 28.2
1995. Neural Network Simulation and the Prediction of Corporate Outcomes: Some Empirical Findings. International Journal of the Economics of Business. 31-50 2.1
1997. Profit-sharing in OECD Countries: A review and some evidence. Business Strategy Review. 27-32 8
1997. Profit-Sharing in OECD Countries: A Review and Some Evidence. Business Strategy Review. 27-32 8.4
2011. THE RATING DECISION AND THE DETERMINANTS OF CREDIT RATINGS: AN EMPIRICAL INVESTIGATION. International Review of Financial Analysis.
2006. Value Gains on Flotation and IPO Underpricing. Journal of Business Finance & Accounting. pp.1435–1459+ 33.9-10
1996. Do small businesses have to practice marketing to survive and grow. Marketing Intelligence & Planning. 5-17 14
1998. Small Business Start-ups: Success Fcators and Support Implications. International Journal of Entrepreneurial Behaviour & Research.
1988. Modelling the Effects of Advertising: Some Methodological Issues. International Journal of Market Research. 44-58 30.1
1999. Late Payment and the small Firm. Journal of Small Business and Enterprise Development. 5.4
2014. The Effects of Alternative Investments on Entrepreneurship, Innovation, and Growth. Managerial and Decision Economics: the international journal of research and progress in management economics. 67-72 35.2
2002. Corporate Failure Rates and the Impact of the 1986 Insolvency Act: An Econometric Analaysis. Managerial Finance Dobbins R (eds.). 61-71 28.6
2014. Sovereign credit ratings and the new European Union member states. JOURNAL OF CREDIT RISK. 3-43 10.4
2016. Creation and destruction in transition economies: The SME sector in Slovakia. International Small Business Journal. 579-600 34.5
2006. Trade Credit Supply: An Investigation of Companies Level Data. Journal of Accounting, Business and Management.
2007. The Determinants of Trade Credit Demand: Survey Evidence and Empirical Analysis. Journal of Accounting Business and Management. 14.1
1996. Working capital and capital budgeting practices in the small firm sector. International Small Business Journal. 52-68 54
1991. The Impact on Absenteeism and Quits of Profit-Sharing and Other Forms of Employee Participation. Industrial and Labor Relations Review. 44.3
1991. The Impact on Absenteeism and Quits of Profit-Sharing and Other Forms of Employee Participation. Industrial and Labor Relations Review. 454-454 44.3
1996. Working Capital and Capital Budgeting Practices in the Small Firm Secto. International Small Business Journal. 52-68 14.2
1996. Employee Participation and Corporate Governance in Employee-Owned Firms. Work, Employment and Society. 205-226 10.2
1995. Does Employee Ownership Weaken Trade Unions ? Recent Evidence from the UK Bus Industry. Economic and Industrial Democracy. 577-605 17
1998. The Perception and Effects of ‘Ownership’ in Employee Buy-Outs: Some Empirical Evidence. British Journal of Industrial Relations. 99-123 36.1
2006. Modelling Employee Participation and Firm Level Performance: Production Function and Frontier Estimates. Economic and Industrial Democracy.
2008. Small Business Demand for Trade Credit. Small Business Economics.
1997. Influences on Payment Behaviour. Credit Management.
1998. Why Do Firms Use Factoring?. Credit Management.
1998. Using Neural Networks for Credit Risk Management. Credit Management. 1
2000. Trade Credit Terms Offered by Small Business. Journal of Business Finance & Accounting.
2002. Trade credit terms offered by small firms: Survey evidence and empirical analysis. Journal of Business Finance and Accounting. 317-351 29.3-4
2008. Late Payment, Bad Debt and Statutory Interest. Credit Management.
2002. Trade Credit Terms Offered by Small Firms: Survey Evidence and Empirical Analysis. Journal of Business Finance & Accounting. 317-351 29.3/4
2000. Using Payment Behaviour Data for Credit Risk Modelling. International Journal of the Economics of Business. 333-346 7.3
1996. Do small businesses have to practice marketing to survive and grow. Marketing Intelligence and Planning. 5-17 14.1
1998. Small Business Start-ups: Success Factors and Support Implications. International Journal of Entrepreneurial Behaviour and Research. 217-238 4.3
2000. Small and Medium Sized Enterprise Financing: An Empirical Test of the Pecking Order Hypothesis. Journal of Business Finance & Accounting. pp.0000+
2002. Small and Medium Size Enterprise Financing: A Note on Some of the Empirical Implications of a Pecking Order. Journal of Business Finance & Accounting. 557-578 29.3-4
1994. Forecasting International Tourism Flows Using Quarterly Data. Annals of Tourism Research. 2.3
2013. Private Equity, Buy-outs and Insolvency Risk. Journal of Business Finance and Accounting. 949-990 40.7-8
2014. The survival of newly-incorporated companies and founding director characteristics. International Small Business Journal. 733-758 32.7
1996. An Analysis of Management Buy-out Failures. Managerial and Decision Economics. 57-70 17
1998. The Longer Term Effects of Management-Led Buy-Outs. Journal of Entrepreneurial and Small Business Finance. 213-234 5.1
2013. Family business survival and the role of boards. Entrepreneurship: Theory and Practice. 1369-1389 37.6
2012. Private equity portfolio company performance during the global recession. JOURNAL OF CORPORATE FINANCE. 193-205 18.1
2012. Private equity portfolio company performance during the global recession. Journal of Corporate Finance. 193-205 18.1
2002. Do Organisational Routines in Manufacturing Inform Contracting Choices Distribution. Management Decision Peters J (eds.). 50-57 40.1/2
1994. Forecasting international tourist flows. Annals of Tourism Research. 612-628 21.3
2014. Financial restructuring and recovery in private equity buyouts: the UK evidence. Venture Capital: An International Journal of Entrepreneurial Finance.
2016. Brexit, Private Equity and Management. British Journal of Management. 682-686 27.4
1998. The Longer-Term Effects of Management-Led Buy-Outs. The Journal of Entrepreneurial and Small Business Finance. 213-234 5.3
1994. Restructuring and Failure in Buy-outs and Buy-ins. Business Strategy Review. 21-40 5.2
1996. An Analysis of Management Buy-out Failure. Managerial and Decision Economics. 57-70 17
2005. An Apology. British Journal of Industrial Relations.
1993. Influencing Strategic Decisions: Worker Diretors in UK bus Companies. Management Research News.
2001. A Guide to Credit Management.
2001. Commercial Risk Scoring : past, present and future.
2010. UK Family Businesses: Industrial and Geographical Context, Governance and Performance. In: UK Family Businesses: Industrial and Geographical Context, Governance and Performance.
1995. Profit Sharing in OECD Countries. In: Working Party on Employment, OECD.
2010. A Longitudinal Analysis of Firm Performance, Financial Health and Growth Potential of Small and Medium Enterprises in Wales. In: A Longitudinal Analysis of Business Performance, Financial Health and Growth Potential of SMEs in Wales.
2008. An Investigation into Payment Trends and Behaviour 1997-2007. In: An Investigation into Payment Trends and Behaviour 1997-2007.
2011. UK FAMILY BUSINESSES:
INDUSTRIAL AND GEOGRAPHICAL CONTEXT, GOVERNANCE AND PERFORMANCE. In: Family Business Performance.
2013. Private Equity, Buy-outs, and Insolvency Risk.
2016. Engines of growth: private equity and productivity potential in the North.
2010. Private Equity and Insolvency.
2011. Private Equity Portfolio Company Performance Through Recession. In: Private Equity Portfolio Company Performance Through Recession.
2013. Family Business Survival and the Role of Boards.
2016. The Initial Discount for New Audit Engagements: Case of UK 1998-2012 (June 1, 2016)..
2016. Private Equity Targets and Post Investment Performance: A Study of the Corporate Sector in the North and Regions.