Professor Michael B Adams
+44 (0)1225 385685
BA, MSc, PhD, CPFA, ACMA
Job Title:
Professor in Strategic Risk Management
Subject Group:
Business, Society and Business Economics
Key Research Interests:
Interface between risk management and strategic finance; corporate governance and risk; accounting issues in insurance; historical development of insurance markets; economic efficiency and structure in insurance markets.
Research Interests
Mike Adams is Professor of Strategic Risk Management and Director of the Research Centre in Strategic Risk at the University of Bath. Formerly he held academic positions at the Universities of Swansea, Glasgow, and Massey (New Zealand), and professional accountancy positions in the private and public sectors. He has published papers in over 60 academic journals and is thrice winner of the Geneva Association/Shin Foundation Research Excellence Award. Professor Adams has also raised research funds of over £300,000 from public and private sector sources since 2008.
In 2011 Professor Adams was awarded the Kenneth J Black Jr Distinguished Service Award for services to the International Insurance Society (IIS). He is the UK Ambassador for the IIS, and member of the Worshipful Company of Insurers and the Willis Research Network. He maintains strong research ties with academic colleagues at the Centre for Risk and Insurance Studies (CRIS), University of Nottingham and the Chinese Accounting, Finance and Business Research Unit (CAFBRU), at Cardiff Business School.
Professor Adams is also an international research fellow at the Chinese Center for Social Security and Insurance Research (CCSSIR), Peking University, China, the Handelsbanken-Wallander Research Fellow at the Department of Economic History, Umeå University, Sweden, and visiting Professor at the International Center for Insurance Regulation (ICIR), Goethe University of Frankfurt, Germany.
In addition, he has been appointed as consultant for several financial institutions both in the UK and overseas and employed as an expert witness in commerical insurance legal cases. Professor Adams is also Associate Editor of the British Accounting Review, the flagship academic journal of the British Accounting and Finance Association (BAFA).
PhD Supervision
Joy Yihui Jia-Upreti - Willis Doctoral Research Fellow
Vineet Upreti - Willis Doctoral Research Fellow
Ola Olaosebikan - RGA Doctoral Research Scholar
Julia Rozhkovskaya -
Axco Doctoral Research Scholar
Publications
Refereed journal papers
Veprauskaite E & Adams M (2014) Do powerful Chief Executives influence the financial performance of UK firms? British Accounting Review 46
Abdul Kader H, Adams M, Hardwick P & Kwon WJ (2014) Cost efficiency and board composition under different takaful insurance business models International Review of Financial Analysis. DOI: 10.1016/j.irfa.2013.02.002
Olaosebekan O & Adams M (2013) Prospects for micro-insurance in promoting micro-credit in sub-Sahara Africa. Qualitative Research in Financial Markets 5(2)
Andersson L-F, Lindmark M, Adams M & Upreti V (2013) The determinants of investment returns in Sweden's fire insurance industry between 1903 and 1939 Financial History Review 20(1)
Jiang W, Adams MB & Jia-Upreti J (2012) Does managerial entrenchment motivate the insurance decision? International Review of Financial Analysis. 24(1):117-128 DOI: 10.1016/j.irfa.2012.08.009
Adams MB, Anderson L-F, Lindmark M and Veprauskaite E (2012) Competing models of organizational form: Risk management strategies and underwriting performance in the Swedish fire insurance market between 1903 and 1939, Journal of Economic History 72(4): 990-1014 DOI: 10.1017/S0022050712000666
Zou H, Adams, MB and Xiao JZ (2012) Does board independence matter in corporate insurance hedging? Journal of Financial Research 35(3): 451-469. DOI: 10.1111/j.1475-6803.2012.01319
Jia JY, Adams MB and Buckle MJ (2012) Ownership structure and insurance in India's corporate sector. Asia Pacific Journal of Management. 29(1):129-149. DOI: 10.1007/s10490-009-9190-z
Adams MB, Andersson L-F, Jia JY, and Lindmark M (2011) Mutuality as a control for information asymmetry: A historical analysis of the claims experience of mutual and stock fire insurance companies in Sweden 1889-1939. Business History, 53(7):1074 -1091. DOI:10.1080/00076791.2011.618233
Hardwick P, Adams MB and Zou H (2011) Board Characteristics and Profit Efficiency in the United Kingdom Life Insurance Industry. Journal of Business Finance and Accounting, 38(7-8): 987-1015. DOI: 10.1111/j.1539-6975.2011.01-409.x
Jia JY, Adams MB and Buckle MJ. (2011) The strategic use of insurance in the Chinese corporate sector. European Journal of Finance, 17(7-8):675-694 DOI:10.1080/1351847X.2011.554281
Adams MB, Zon H and Chen L. (2011). Chief Executive Officer incentives, monitoring and corporate risk management: Evidence from insurance use. Journal of Risk and Insurance. 78(3): 551-DOI: 10.1111/j.1539-6975.2011.01409.x
Abdul Kader H, Adams MB and Mouritidis K (2010) Testing for trade-offs in the reinsurance decision of United Kingdom (UK) life insurance firms. Journal of Accounting, Auditing and Finance, 25(3): 491-522. DOI:10.1007/s10490-009-9190z
Abdul Kader H, Adams MB, Andersson L-F and Lindmark M (2010) The Determinants of reinsurance in the Swedish property fire insurance market during the inter-war years 1919-1939. Business History. 52(2) 268-284. DOI: 10.1080/00076791003610683
Abdul Kader H, Adams MB and Hardwick P (2010) The cost efficiency of Takaful insurance companies. Geneva Papers on Risk and Insurance: Issues and Practice. 35 (1): 161-181 DOI: N/A
Zou H and Adams MB. (2009) Corporate insurance and debt in China. Journal of Applied Corporate Finance 22(1): 87-89 DOI: 10.1111/j.1745-6622.2009.00219.x
Adams MB, Andersson J, Andersson L-F and Lindmark M (2009) Commercial banking, insurance and economic growth in Sweden between 1830-1998. Accounting, Business and Financial History. 19(1): 19-36. DOI: 10.1080/09585200802667139
Zou H and Adams MB. (2008) Debt capacity, cost of debt and corporate insurance. Journal of Financial and Quantitative Analysis. 42(2) 433-466. DOI: N/A
Zou H and Adams MB (2008) Corporate ownership, equity risk and return in the People's Republic of China. Journal of International Business Studies. 39(7) 1149-1168. DOI: 10.1057/palgrave.jibs.8400394
Adams MB, Hardwick P and Zou H. (2008) Reinsurance and corporate taxation in the UK life insurance industry. Journal of Banking and Finance. 32(1) 101-115. DOI: 10.1016/j.jbankfin.2007.09.006
► older publications
Lindmark M, Andersson L-F and Adams MB. (2006) The evolution and development of the Swedish insurance market. Accounting, Business and Financial History. 16 (3): 340-371DOI: 10.1080/09585200600969398
Ahmed K, Hossain M and Adams MB. (2006) The effects of board composition and board size on the informativeness of annual accounting earnings. Corporate Governance: An International Review. 14(5): 418-431. DOI: 10.1111/j.1467-8683.2006.00515.x
Adams MB and Zou H (2006) The corporate purchase of property insurance: Evidence from the People's Republic of China. Journal of Financial Intermediation. 15 (2): 165-196. DOI: 10.1016/j.jfi.2004.06.007
Adams MB (2004) Real options and customer management in the financial services sector. Journal of Strategic Marketing. 12: 3-11. Click here for article 
DOI: 10.1080/0965254032000171573
Adams MB and Hardwick P (2003) Actuarial surplus management in United Kingdom life insurance firms. Journal of Business Finance and Accounting. 30 (5): 891-904. DOI: 10.1111/1468-5957.05505
Zou H, Adams MB and Buckle MJ (2003) Corporate risks and property insurance: Evidence from the People's Republic of China. Journal of Risk and Insurance. 70 (2): 289-314. DOI: 10.1111/1539-6975.00061
Adams MB, Burton B and Hardwick P (2003) The determinants of credit ratings in the United Kingdom insurance industry. Journal of Business Finance and Accounting. 30 (3-4): 539-572. DOI: 10.1111/1468-5957.00007
Adams MB and Hardwick P (2003) Claims estimation in life insurance firms: United Kingdom and New Zealand evidence. Risk Management: An International Journal. 5(1): 51-63 DOI: 10.1057/palgrave.rm.8240139
Adams MB and Buckle MJ (2003) The determinants of operational performance in the Bermuda insurance industry. Applied Financial Economics. 13(2): 133-143. DOI: 10.1080/09603/100210105030
Hardwick P and Adams MB (2002) Firm size and growth in the United Kingdom life insurance industry. Journal of Risk and Insurance. 69(4): 577-593 DOI: 10.1111/1539-6975.00038
Adams MB and Hillier DJ (2002) Do insurance captives enhance shareholders' value? Risk Management: An International Journal. 4(1): 29-39 DOI: 10.1057/palgrave.rm.8240107
Khaled M, Adams MB and Pickford M (2001) Estimates of scale and scope economies in the New Zealand Life Insurance Industry. The Manchester School 69(3): 327-349. DOI: N/A
