University of Bath School of Management

Anthony Birts

Director of Studies: Teaching Fellow in Accounting and Finance

As a Teaching Fellow,I am no longer research active but my main areas of interest remain treasury performance evaluation; the measurement of risk in foreign exchange and interest rate exposure and international cash management.With David Birks, I have completed a number of 'GlobalCash-Europe' exercises, major surveys of the cash management, electronic banking and treasury practices of Europe's largest companies in conjunction with The Bank Relationship Consultancy and 18 other business schools in Europe.

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Professor John Forker

Professor of Accounting

My research interests focus on the contribution of financial reporting, auditing and governance to performance evaluation and accountability in private and public sector organisations and on the role of accounting information in equity pricing.

Research topics include: the model of the reporting entity as applied in accounting for employee share schemes, non-reciprocal transfers and NHS Trusts; earnings management and corporate governance quality in companies; accruals quality, auditor type and the achievement of performance targets in NHS Trusts; CEO pay, gender performance and governance in NHS Trusts; earnings quality and investors' perceptions of auditor quality in the US around the Enron scandal; comparing the relative information content of value-based performance measures compared to conventional profit measures for US and UK companies and modeling the relationship between share prices and analysts' forecasts to measure the equity premium and the impact of sentiment.

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Dr Richard Fairchild

Lecturer in Strategic Corporate Finance

My research focuses on two major areas: Behavioural Corporate Finance and Venture Capital. I am particularly interested in developing new game-theoretic approaches to understanding the financing, investment and dividend decisions of corporations, and the double-sided incentive problems facing venture capitalists and entrepreneurs.

I have published in a range of finance journals, including Journal of Financial Research, Pacific Basin Finance Journal, Managerial Finance, and Journal of Business Ethics. Last year, I was involved in launching a new Global Journal; the International Journal of Behavioural Accounting and Finance, for which I am the editor-in-chief. I am associate member of the Aston Centre for Research in Experimental Finance (ACREF), and one of the founding members of the newly formed Behavioural Finance Working Group, which involves research collaboration between international scholars in behavioural finance.

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Professor Ania Zalewska

Professor of Finance

My research topics include: corporate finance - privatisation; valuation and performance of initial public offerings; modelling and estimation of market risk. Corporate governance - managerial incentives; capital and ownership structure; regulation.

Emerging markets- development; integration; and efficiency. Pension funds - impact of pension reforms on the development of financial markets; pension reforms in transition economies.

Ania's faculty profile

Professor Bob Ryan

Professor (Emeritus)

Bob Ryan started his career in chemistry but after studying the economics of technology in Scotland he trained as a chartered accountant in London with a firm that later became part of KPMG. His academic career started at Manchester University in 1974 but since that time he has founded two new business schools at the University of Hertfordshire and the University of Southampton. Most recently he was Director of the School of Management at Royal Holloway, University of London. Since 2001 he has devoted himself to his international teaching and consultancy practice as a Fellow of the Manchester Business School as well as teaching at the newly formed University of Gloucestershire.

In 2000 he was elected a Fellow of the Royal Society of Arts for his services to management education and in 2006 he was appointed as the examiner in Advanced Financial Management for the Association of Certified and Corporate Accountants (ACCA). His specialist areas of interest are in financial management, financial analysis and valuation. He has five books in print including Finance and Accounting for Business, Corporate Finance and Valuation, and Research Methods and Methodology in Finance and Accounting (with Bob Scapens and Mike Theobald). He has published over 100 articles in both the academic and the professional literature.

Dr Philip Cooper

Senior Lecturer in Financial Accounting and Director of the CIMA Centre of Excellence

My research is concerned with environmental valuation and accounting. I am interested in extended perspectives on the accounting entity, considering aggregates such as economic sectors and countries, as well as the corporate entity and its component activities. I am currently investigating the measurement of social and economic forces that contribute to particular pressures on the marine environment, and how these can be used in scenario analysis, as part of a pan-European EC Framework VI project.

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Dr Andreas Krause

Lecturer in Finance

My research focuses on market microstructure; agent based computational finance; market design; and risk management.

Andreas's faculty profile

Margaret Greenwood

Lecturer in Accounting

The main theme of my research is the applicability of private sector models of governance, accountability and financial reporting in a public sector setting. My focus is the acute hospital sector which, because of the unique characteristics of the NHS setting and the co-existence of both public and private sector organisational forms, offers the potential for research findings to be of relevance in both the wider public and private sector environments.

Research topics include; accruals quality, auditor type and achievement of performance targets; board composition, CEO pay, gender and organisational performance; the impact of performance management systems on financial performance and accountability; the model of the reporting entity; earnings management, financial reporting quality, and governance.

Prize: John Perrin Prize, Financial Accountability and Management, Best Paper 2007

Secretary: British Accounting Association, Public Sector Special Interest Group.

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Dr Julie Salaber

Lecturer in Finance

Education: BSc Economics/Management (Paris), MSc Management/Finance (Paris), PhD Finance (Paris)

Key research interests: Empirical asset pricing, sin stocks, behavioural finance, socially responsible investment.

My research topics include: asset pricing (sin stocks, business cycles, socially responsible investment, religious preferences, litigation), addictive consumption (tobacco, alcohol, gambling), behavioural finance (cognitive biases, behavioural asset pricing), corporate social responsiblity.

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Mike Willis

Teaching Fellow, Director of Studies, MSc in Accounting and Finance Programmes

My research interests include the limitations and opportunities of working capital management with emphasis on trade credit; namely the neglect and lack of focus thereon, and the resultant impact on performance, liquidity, balance sheet structure and valuation of the organisation.

Other areas of interest are the integrational limitations when undertaking corporate activity, the impacts of firm valuation post corporate actions and the real value creation anomaly.

MSc in Accounting and Finance Programmes

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Yun Shen

My current research focuses on estimation efficiency of accounting-based, cross-sectional, corporate valuation models, including scale and scale effects; value relevance of research and development expenditures; relationship between accounting disclosures and stock market returns using portfolio analysis

MSc in Accounting and Finance Programmes

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