Staff

MA (Economic Science) First Class Honours, Aberdeen, MSc (Economic Theory and Econometrics), Southampton, PhD (Industrial Organization), Edinburgh; FRSA, FFCS. Formerly Reader in Economics at Edinburgh University. Professor of Economics in St Andrews since 1991. Founder/Director of the Centre for Research into Industry, Enterprise, Finance and the Firm (CRIEFF) since 1991. Has published ten books, including Risk Appraisal and Venture Capital in High Technology New Ventures (2008), The Foundations of Small Business Enterprise (2007), Theories of Industrial Organization, Classical Economic Growth, Small Business Enterprise and Venture Capital Investment, and over seventy refereed academic articles in journals like Economica, Economic Journal, Oxford Economic Papers, Bulletin of Economic Research, Manchester School, Journal of Industrial Economics, International Journal of Industrial Organization, Review of Industrial Organization, Entrepreneurship Theory and Practice, European Journal of Finance, Accounting and Business Research, Critical Perspectives on Accounting, Management Accounting Research, Journal of Private Equity, Small Business Economics etc. His current research includes high technology clusters, productivity trends in manufacturing, small business growth and finance, financial reporting, risk and venture capital investment. He holds two ESRC grants, one on financial reporting for small enterprises, and the other for the SAFE research network on economics, accounting and finance. In recent years, he has been President of the Scottish Economic Society, the National Conference of University Professors, and the Institute of Contemporary Scotland. He is currently Chair of the SAFE research network. He likes reading, riding, music, running and badminton, and is a published poet.

• EC5501 Thinking Strategically (PMT)
• EC5506 Entrepreneurship & Small Business Planning (PMT)
• EC5606 Corporate Governance & Risk (PMT)

Industrial organization, venture capital, small business growth and finance, entrepreneurship, patenting, intellectual property, information systems, microeconomics, high technology enterprise, productivity in manufactures

Academic

• A Coevolutionary Analysis of Organisational Systems and Processes: quantitative applications to information system dynamics in small entrepreneurial firms (with J A Smith), Critical Perspectives on Accounting, 2008.
• Risk Appraisal and Venture Capital in High Technology New Ventures (with J A Smith), Routledge; London, 2008 (pp. 1-220)
• The Foundations of Small Business Enterprise: an entrepreneurial analysis of small firm inception and growth, Routledge; London, 2007 (pp. 1-404)
• Realities of long-term post investment performance for venture backed enterprises (with J A Smith), Chapter 1 in Venture Capital in the Changing World of Entrepreneurship, ed. J E Butler, A Lockett, and D Ucbasaran, (pp. 1-23), Information Age Publishing; Charlotte NC, USA, 2006.
• Flexibility, firm-specific turbulence and the performance of the long-lived small firm (with B. Power), Review of Industrial Organization, 26, 415-443, 2005.
• Venture capital and risk in high-technology enterprises (with J.A. Smith), International Journal of Business and Economics, 2 (3), 227-224, 2004.
• Post-investment performance appraisal: the impact of venture capital investment on small firm performance (with J. A. Smith), Journal of Private Equity, 7 (1), 1-16, 2003.
• Trajectories of small business financial structure, Small Business Economics, 20, 273-285, 2003.

Practitioner

• Investment strategy (with J A Smith) Financial Management, February 2006, 27-28.
• When our chip comes in (with J A Smith) Financial Management, May, 2004, 30-32. (IFAC Articles of Merit Award, 2005).
• The bigger picture: feature information management systems, (with J A Smith) (2002), Financial Management, January, 24-26. (Nominated for the International Federation of Accountants' FMAC Articles of Merit award).