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Publications news

Handbook of Post Crisis Financial Modelling published

The Handbook of Post Crisis Financial Modelling, coverThe Handbook of Post Crisis Financial Modelling, edited by School of Management Professor John Wilson (with Emmanuel Haven, Phil Molyneux, Sergei Fedotov and Meryem Duygun), was published in December 2015 by Palgrave Macmillan.

The volume explores themes of distributional assumptions and efficiency as well as considering how financial modelling may be re-interpreted in light of the 2008 crisis. It brings together original research by leading practitioners and academics in the areas of banking, mathematics and law.

Older People's Services research findings

OPSWISE (Older People’s Services and Workforce Interventions: a Synthesis of Evidence) animation snapshot‌School of Management Professor of Public Policy and Management Sandra Nutley has been co-investigator in a research project which undertook an evidence review to understand how and why workforce development interventions can improve the skills and care standards of support workers in older people's services. The findings were published in December 2015 by OPSWISE (Older People’s Services and Workforce Interventions: a Synthesis of Evidence) as an OPSWISE animation: Healthcare Support Workers.
See more details about the study on the OPSWISE website

Banking text in translation

Oxford Handbook of Banking (first edition) - Serbian editionIndustrial organization: Competition, Strategy and Policy - cover of Greek editionSchool of Management Professor of Banking and Finance John Wilson continues to be read in ever-increasing international circles.

The Serbian edition of his Oxford Handbook of Banking, First Edition, was published in 2015.  The Greek translation of Industrial organization: Competition, Strategy and Policy has been available since 2012.

Blog cites lecturer's work on self-control

SOCIAL PSYQ, SOCIAL PSYQ blog logo‌the USA social psychology blog dedicated to making research accessible, cites the work of School of Management Lecturer Dr Kristian Myrseth in its pre-Thanksgiving 2015 blog.
See the research: Self-control: A function of knowing when and how to exercise restraint.
See the blog: Psy applied: self-control strategies for life (part 2).

Creative Industries book launch

ICC logo‌The School of Management's Institute for Capitalising on Creativity (ICC) launched their new book on Tuesday 10 November 2015 at the Royal Concert Hall in Glasgow. Tales from the Drawing Board: IP wisdom and woes from Scotland's creative industries helps creative businesses to manage and benefit from Intellectual Property (IP). The book launch was part of a Creative Industries Federation roadshow which featured a keynote speech from Fiona Hyslop, Scottish Cabinet Secretary for Culture, Europe and External Affairs.
The book is the result of a research project conducted by the ICC on behalf of Creative Scotland. More than 120 leaders of creative organisations were interviewed about IP management, challenges and solutions.
Following the event, Tales from the Drawing Board is now available free for download from the ICC.

Retirement findings featured

Dr Kristian Myrseth‌Dow Jones & Co. online publication MarketWatch has featured research by School of Management Lecturer Dr Kristian Myrseth (with RZ Heimer and RS Schoenle). In Retirement Weekly, 6 November 2015, Myrseth's Federal Reserve Bank of Cleveland working paper, "YOLO: Mortality Beliefs and Household Finance Puzzles", forms the basis for the Retirement research Q&A.
See the MarketWatch article "How people's visions of their own mortality affect financial decision making".

Crowdfunding findings launched: "Harnessing the crowd"

crowdfunding imageSeptember 2015: School of Management Lecturer Dr Ross Brown launched the findings from the first major investigation of equity crowdfunding in the UK. 

Harnessing the Crowd: The Demand-Side Dynamics of Equity Crowdfunding in Nascent Entrepreneurial Ventures was published by the Centre for Responsible Banking & Finance in its RBF Working Paper Series.

The findings have been widely publicised across the print media and on BBC Radio Scotland. Hear the "Good Morning Scotland" interview (at 1hr 43 mins) until 21 October 2015.

See "Crowdfunding: Enter the disruptive finance revolution".
See CITY A.M. Thursday 1 October 2015: "Enter the disruptive finance revolution" (pdf p20)
See in The Scotsman: "Call for Scots companies to boost crowdfunding".
See University of St Andrews Press Release: "British start-ups embrace the £146m crowdcube economy".

Does debt affect health?

Social Science and Medicine journal logo‌Short, medium and long term aggregate household debt can affect population health in different ways. That is one of the key findings of research by the School of Management's Maya Clayton, José Liñares-Zegarra and John Wilson, which was published in April 2015 in Social Science and Medicine (DOI: 10.1016/j.socscimed.2015.02.002).

The research examines aggregate debt and health data across 17 European countries over the period 1995 to 2012. The results suggest that both short and medium-term debt has a positive effect on health outcomes. However, long-term unsecured aggregate household debt and mortgage debt are associated with poorer health outcomes.

Overall, the results suggest that aggregate household debt is an important determinant of population health across countries. The authors conclude that: "Household debt is a corner-stone of modern market economies, and many policy choices either encourage or inhibit individuals from taking on that debt. Given the potentially important health consequences of debt (for individuals and in aggregate), and given the complex implications of debts of different types and maturities, greater research-based understanding and greater policy consideration are warranted."

Entrepreneurship research published

Regional Studies journal cover (crop)New research examining the controversial Scottish Government funded innovation initiative, the Intermediate Technology Institutes (ITIs), was published in January 2015.  Dr Ross Brown from the School of Management led the team of entrepreneurship researchers from the Universities of St Andrews, Glasgow and Edinburgh whose work examines the spectacular failure of the ITIs programme. The findings, published in the journal Regional Studies, have strong implications for the design of future innovation policy.
See University of St Andrews Press Release: "Academics warn policy-makers must learn from their mistakes".
See The Scotsman: "Academics say lessons must be learned from ITIs failure".
See BBC News: "Warning to learn from failed scheme to aid technology businesses".

The Oxford Handbook of Banking, Second Edition (Oxford Handbooks in Finance)

The Oxford Handbook of Banking, Second Edition cover‌The Oxford Handbook of Banking, Second Edition (Oxford Handbooks in Finance), edited by Professor John Wilson, with Allen N. Berger and Philip Molyneux, has been published (2015).

The volume provides an overview and analysis of developments and research in banking. This edition includes new chapters on: banking in Africa, competition in banking, complexity and systemic risk, corporate governance in banking, liquidity creation, market discipline in financial markets, securitization, shadow banking, sovereign debt crises, and supervision of systemically important banks.

Philanthropy Education research report

Philanthropy Education in the UK and Continental Europe - coverLeading journal Third Sector has featured research by School of Management Senior Lecturer Dr Tobias Jung - highlighting a "skills and knowledge gap". The research report, co-authored with Charles Keidan and Cathy Pharoah, calls for new measures to boost the provision of philanthropy education at universities. Philanthropy Education in the UK and Continental Europe: current provision, perceptions and opportunities was published by the Centre for Charitable Giving and Philanthropy at Cass Business School (City University London) and the University of St Andrews. It was funded as part of a legacy grant from The Diana, Princess of Wales Memorial Fund.
See the Third Sector article, 28 October 2014.
See also: Times Higher Education feature "Why philanthropy merits scholarly study".

Scottish Journal of Performance showcased

Scottish Journal of Performance (SJOP) logoBen Fletcher-Watson and Beth Whiteside are research students with with ICC (the School of Management's Institute for Capitalising on Creativity). Based at the Royal Conservatoire of Scotland, they are now guiding preparation of the third issue of the Scottish Journal of Performance (SJOP), the multi-institution journal which they launched in December 2013. The the Centre for Academic, Professional and Organisational Development (CAPOD) showcased the achievement at the one-day event, "Managing journals: challenges and opportunities" on Thursday 23 October 2014. Academic/research staff and research postgraduate students from a wide range of disciplines attended.
See blog from the University of St Andrews Open Access team: "Scottish Journal of Performance now available in the repository".

Ecological Accounts, One Day Workshop, 26 August 2014

Accounting, Auditing and Accountability Journal coverThe interdisciplinary Ecological Accounts project aims to examine, engage and critique the interrelationships between accounts and accountability in the context of socio-ecological change. The one day workshop will be held on 26 August 2014 in The Gateway, University of St Andrews. Participants will have the opportunity to discuss research projects that link to the forthcoming special issue of Accounting, Auditing and Accountability Journal, to be published in 2017. For further information or if you wish to participate, please contact Shona Russell (Email:
Download: Ecological Accounts Workshop poster (PDF, 963 KB)

Lecturer reports on high growth SMEs for ICAS

Institute of Chartered Accountants Scotland (ICAS) logoDr Ross Brown, Lecturer in Management, together with Dr Neil Lee from London School of Economics, has authored a report examining the funding issues facing high growth SMEs. The work, Funding issues confronting high growth SMEs in the UK, was undertaken for the Institute of Chartered Accountants Scotland (ICAS) and found many high growth SMEs were reluctant to give up equity or borrow in case this diminishes their autonomy. It contains important policy implications for both the supply and, the often neglected, demand-side of SME funding. News of the work, which was published in June 2014, has been widely disseminated in media including The Herald and the Financial Times.
See University of St Andrews Press Release: "Debt-averse businesses are holding back economic recovery".

CSR, well-being and environmental stewardship

Accountability, Social Responsibility and Sustainability (Gray et al., 2014) coverAccountability, Social Responsibility and Sustainability: Accounting for Society and the Environment
Rob Gray, Carol Adams, Dave Owen
Jan 2014.

Accountability, Social Responsibility and Sustainability examines how current ways of managing organisations and measuring their success can so often be antithetical to the very concerns of any civilised society. It explores the interactions between organisational life, civil society, governance and markets and how those interactions influence such matters as inequality and environmental degradation. The authors offer a detailed examination of what accounting, accountability, responsibility and sustainability could mean for societal well-being and environmental stewardship. Alternative ways of measuring and managing are explored and the key motifs of conflict and accountability are offered as essential components of a more civilised economic realm.

The text starts from the point that it is increasingly urgent for all organisations to face – honestly – what environmental management, corporate social responsibility (CSR) and sustainability can do for (and to) organisations and most importantly what they cannot do. Only when CSR and sustainability are grounded in sensible and realistic systems of representation and accountability will humanity start to make any serious progress on any alternative to its current headlong flight towards un-sustainability.

Book Launch and Panel Debate

Capitalism, Corporations and the Social Contract cover‌Dr Samuel Mansell, Lecturer in Business Ethics, launched his book Capitalism, Corporations and the Social Contract, published by Cambridge University Press, with a panel debate.

Tuesday, 3 September 2013, 5:15pm
Gateway Lecture Room 4

The panel debated the question: 'In whose interests should a corporation be run?'
Panel participants:

  • Lorna Stevenson (Chair), Reader in Accounting, University of St Andrews
  • John Ferguson, Reader, University of Strathclyde Business School
  • Rob Gray, Professor of Social and Environmental Accounting, University of St Andrews
  • Andreas Hoepner, Associate Professor of Finance, Henley Business School (from Oct 2013)
  • Samuel Mansell, Lecturer in Business Ethics, University of St Andrews.

This event followed the first day of the 25th CSEAR International Congress on Social & Environmental Accounting Research. A wine reception followed the debate.

Professor receives 2012 Louis Brownlow Award

Kevin Orr, Public Administration Review coverProfessor of Management, has received a prestigious award from the American Society for Public Administration for his research exploring academic-practitioner collaborations. Professor Orr and his co-researcher, Mike Bennett, are the recipients of the 2012 Louis Brownlow Award for the Best Article Written with a Practitioner in Public Administration Review, for their piece 'Public Administration Scholarship and the Politics of Co-Producing Research.' Professor Orr said, 'We are honoured to receive this award from our American colleagues. It is especially nice because it celebrates research which has been co-created by an academic working alongside a practitioner. Co-production is a mode of knowledge creation of great interest to many in our School, and in the academy more widely, and we are pleased that our writing has been able to make a contribution to the conversation about relationships between scholars and practitioners.'
Kevin Orr & Mike Bennett. 2012. 'Public Administration Scholarship and the Politics of Co-Producing Research.' Public Administration Review. Vol. 72, Iss. 4, pp. 487–496.
doi: 10.1111/j.1540-6210.2011.02522.x

Curling up with a good book

Gogo curling up with a good book - Using EvidenceA Canadian cat (GoGo) and her guardians are finding that Using Evidence (2007), by Professors Sandra Nutley and Huw Davies and Dr Isabel Walter, provides a good foundation for their work (and dreams). See editorial by David Phipps, Director of Research Services, Knowledge Exchange at York University, Toronto:

More information on research publications and activities: