Credit and Business Analytics Research
Welcome to the Credit Management Research Centre (CMRC). The unique focus of CMRC is to engage in a research programme that combines academic rigour with practitioner and policy relevance. CMRC’s mandate – to create and disseminate knowledge – goes hand in hand
Read moreOur Economics Letters paper https://doi.org/10.1016/j.econlet.2024.111941 on equity funded firms is now available online. This paper with and looks at the use of guaranteed loans by potential high growth firms during the Covid period. Equity financing serves as a crucial mechanism for
Read moreOur recently published study with Dr Paul Lavery in the Journal of Corporate Finance https://doi.org/10.1016/j.jcorpfin.2024.102641 investigates the performance of private equity (PE)-backed companies during the COVID-19 pandemic, revealing their greater resilience compared to closely matched industry counterparts. However, the superior performance was
Read moreOur recent paper on entrepreneurial finance is published in Economics Letters. Our results corroborate the hypothesis that investor involvement through oversight and imparting expertise augments the likelihood of favourable outcomes. This is particularly evident in high technology sectors. We observe
Read moreResearch Paper The Productivity Puzzle. What’s Driving UK Under-Investment? Our recently published paper (with Marc Cowling) in the British Journal of Management analyses firm financing and investment decisions. There is a significant knowledge gap regarding small owner-managed firms that rely primarily on
Read moreExecutive Summary Private equity (PE), since the 1980s, has become a significant player in corporate acquisition and restructuring in the UK and globally. In the UK, PE plays and important role by providing funding and expertise for businesses at various
Read moreOur recent report describes trends in equity finance deals in the UK in the period from 2011 to Q3 2023. The health of the equity finance ecosystem is of vital importance for development of the innovative enterprises that drive economic growth,
Read moreDr Paul Lavery (Glasgow University), Prof Nick Wilson: We study the performance of PE-backed companies during the COVID-19 pandemic. Our findings suggest that PE-backed firms’ sales, employment, and earnings were more resilient compared to closely matched industry peers during the
Read moreProfessor Nick Wilson and Dr Marek Kacer’s research on regional equity finance gaps has been included in the 2023 Autumn Statement. The team have been working with the Department of Business and Trade and HM Treasury on a policy modelling
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