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Alan Hughes - Senior Research Associate and Director Emeritus


Research

Growth, innovation and financial characteristics of small and medium sized enterprises; analysis of the relationship between corporate takeovers, corporate governance, executive pay and business performance; training and business performance; measurement and evaluation of industrial and business support policy; the relationship between law and economics in the analysis of corporate organisation and performance.


Projects
Email:  a.hughes@cbr.cam.ac.uk


Personal Background

Professor Alan Hughes was Director of the Centre for Business Research and Margaret Thatcher Professor of Enterprise Studies at the Judge Business School from 1994 to September 2013. He is a Director of Research at the University of Cambridge and Director of the ESRC Impact Acceleration Programme at Cambridge. He is a Life Fellow of Sidney Sussex College and a Senior Research Fellow of the National Centre for Universities and Business. He was from 2000 - 2003 Director of the National Competitiveness Network of the Cambridge-MIT Institute, a joint venture between MIT and the University of Cambridge. Professor Hughes has held visiting Professorships in the USA, France and Australia. His research interests, on which he has had published extensively, are concerned with industrial and technology policy; the measurement of innovation; growth, innovation and financial and acquisition characteristics of small and medium sized enterprises; analysis of the relationship between corporate takeovers, corporate governance, executive pay and business performance; training and business performance; measurement and evaluation of industrial and business support policy; the relationship between law and economics in the analysis of corporate organisation and performance. In the past 10 years he has published over 200 books, articles and chapters in books on these topics. His most recent work on innovation has been concerned with benchmarking university industry innovation activities in the UK and the US.

Professor Hughes has been invited to provide policy advice and consultancy by amongst others HM Treasury, HM Inland Revenue, the DTI, DfES, the Bank of England, Eurostat, the International Labour Organisation, the National Consumer Council, and the UN World Institute for Development Economic Research. Specific examples include: Evaluation of the impact of training on firm performance (DfES), Evaluation of the SMART scheme (DTI), Analysis of innovation activities in small firms (EU), Evaluation of the EIS and VCT Schemes (HM Inland Revenue), Analysis of Universities Spin-out Policy (Dutch Ministry of Economic Affairs), Evaluation of the Small Business Initiative (British Bankers Association), Analysis of Effect of Mutuality on Building Society Structure (Norwich and Peterborough Building Society and the Building Society Association), Analysis of Legal Reform relating to Directors Duties, (Institute of Directors and Law Commission), Background analysis for the Cruickshank report on Small Business Finance (HM Treasury). In 2004 he was appointed by the Prime Minister to membership of the Council for Science and Technology, the UK's senior advisory body in this area.


Publications


CBR Working Papers    |    Other Publications



Selected Publications

Hughes, A. (ed.) (2014) The Future of UK Manufacturing: Scenario Analysis, Capital Markets and Industrial Policy, UK~IRC e-book (forthcoming).

Hughes, A. (2014) 'Capital markets, Innovation Systems and the Financing of Innovation' in Dodgson, M., Gann, D. and Phillips, N. (eds) The Oxford Handbook of Innovation Management. Oxford: Oxford University Press.

Hughes, A. (with Mina, A. and Bascavusoglu-Moreau, E.) (2014) 'Open service innovation and the firm's search for external knowledge', Research Policy, published online August 2013, in press.

Hughes, A. (2013) 'Industrial Policy for the medium to long-term', Foresight Future of Manufacturing Project, Evidence Paper 37, London: BIS, October.

Hughes, A. (2013) 'Short-termism, impatient capital and finance for manufacturing innovation in the UK', Foresight Future of Manufacturing Project, Evidence Paper 16, London: BIS, December.

Hughes, A. (with Mina, A. and Lahr, H.) (2013) 'The demand and supply of external finance for innovative firms', Industrial and Corporate Change 22(4). 1-33.

Mina, A., Bascavusoglu-Moreau, E. and Hughes, A. (2013) 'Exploiting knowledge flows: openness and the innovative performance of business services', Best Paper Proceedings, 2013 Academy of Management Meeting.

Hughes, A. (with Martin, B.R.) (2012) Enhancing Impact: The Value of Public Sector R&D, UK~IRC and CIHE.

Hughes, A. (with Kitson, M.) (2012), 'Pathways to Impact and the Strategic Role of Universities: new evidence on the breadth and depth of university knowledge exchange in the UK and the factors constraining its development', Cambridge Journal of Economics Special Issue, 36: 712-750.

Hughes, A. (2011), 'Open Innovation, the Haldane Principle and the New Production of Knowledge: Science Policy and University-Industry Links in the UK after the Financial Crisis', Prometheus: Critical Studies in Innovation, 29:4, 411-442.

Hughes, A. (with Dodgson, M., Foster, J. and Metcalfe, J.S.) (2011), 'Systems thinking, market failure, and the development of innovation policy: The case of Australia', Research Policy, 40(9), November: 1145-1156..

Hughes, A. (with Kitson, M., Probert, J., Bullock, A. and Milner, I.) (2011), Hidden Connections: Knowledge exchange between the arts and humanities and the private, public and third sectors, Arts and Humanities Research Council, Swindon.

Hughes, A., (with Moore, B. and Ulrichsen, T.) (2011) 'Evaluating Innovation Policies: A Case Study of the Impact of Third Stream Funding in the English Higher Education Sector' in Colombo, M.G., Grilli, L., Piscitello, L. and Rossi Lamastra , C. (eds) Policies for science and innovation: design and evaluation, Edward Elgar.

Hughes, A. (with Cosh, A. and Fu, X.) (2010), 'Organisation structure and innovation performance in different environments', Small Business Economics, published online 6 November. (http://www.springerlink.com/content/lu68l8562294h102/fulltext.pdf)

Hughes, A. (with Desyllas, P.) (2010), 'Do high technology acquirers become more innovative?', Research Policy, 39: 1105-1121.

Hughes, A. (2010), 'Entrepreneurship and Innovation Policy: Retrospect and Prospect', in Uberoi, V., Coutts, A., McLean and Halpern, D. (eds) (2010), Options for Britain II: Cross Cutting Policy Issues - Changes and Challenges, Wiley-Blackwell.

Hughes, A. (with PACEC) (2010), The Higher Education Knowledge Exchange System in the United States, A report to HEFCE by PACEC and the Centre for Business Research, University of Cambridge, July.

Hughes, A. (with PACEC) (2010), Knowledge Exchange and the Generation of Civic and Community Impacts, A report to HEFCE by PACEC and the Centre for Business Research, University of Cambridge, April.

Hughes, A. (with PACEC) (2010), Synergies and Trade-offs between Research, Teaching and Knowledge Exchange, A Report to HEFCE by PACEC and the Centre for Business Research, University of Cambridge, February.

Hughes, A. (with PACEC) (2010), The Intellectual Property Regime and its Implications for Knowledge Exchange, A report to HEFCE by PACEC and the Centre for Business Research, University of Cambridge, January.

Hughes, A. (with Abreu, M., Grinevich, V. and Kitson, M.) (2009), Knowledge Exchange between Academics and the Business, Public and Third Sectors, Centre for Business, University of Cambridge, Cambridge.

Hughes, A. (with PACEC) (2009), The Evolution of the Infrastructure of the Knowledge Exchange System, A report to HEFCE by PACEC and the Centre for Business Research, University of Cambridge, December.

Hughes, A. (with Cosh, A.D. and Cumming, D.) (2009), 'Outside Entrepreneurial Capital', Economic Journal, 119, 1494-1533.

Hughes, A. (with Desyllas, P.) (2009), The Revealed Preferences of High Technology Acquirers: An Analysis of the Innovation Characteristics of Their Targets, The Cambridge Journal of Economics, November, 33: 1089-1111.

Hughes, A. (with Cosh, A., Bullock, A. and Milner, I.) (2009), SME finance and innovation in the current economic crisis, Centre for Business Research, University of Cambridge.

Hughes, A. (2009), Hunting the Snark: Some reflections on the UK experience of support for the small business sector, Innovation: Management, Policy & Practice (ISSN 1447-9338), Volume 11, Issue 1.

Hughes, A. (2009), 'Entrepreneurship and Innovation Policy: Retrospect and Prospect', Political Quarterly, (forthcoming).

Hughes, A. (2009), 'Never mind the quality feel the width: University - industry links and government financial support for innovation in small high-technology businesses in the UK and the USA', Journal of Technology Transfer Special Edition, 35:66-91, Springer, March.

Hughes, A. (with PACEC) (2009), Evaluation of the Effectiveness and Role of HEFCE/OSI Third Stream Funding: Culture Change and Embedding Capacity in the Higher Education Sector Toward Greater Economic Impact, A report to HEFCE by PACEC and the Centre for Business Research, University of Cambridge.

Hughes, A. (with M. Abreu, V. Grinevich, M. Kitson and P. Ternouth), (2008), Universities, Business and Knowledge Exchange, Council for Industries and Higher Education and Centre for Business Research, London and Cambridge.

Hughes, A. (with A. Cosh and P. Guest) (2008), 'UK corporate governance and takeover performance', in Gugler, K. and Yurtoglu, B.B. (eds) The Economics of Corporate Governance and Mergers, Edward Elgar, Cheltenham, UK.

Hughes, A. (with A. Cosh, A. Bullock and I. Milner) (2008), Financing UK Small and Medium-sized Enterprises: The 2007 Survey, Centre for Business Research, University of Cambridge.

Hughes, A. (with P. Desyllas) (2008), 'Sourcing Technological Knowledge through Corporate Acquisition: Evidence from an International Sample of High Technology Firms', Journal of High Technology Management Research, vol. Forthcoming.

Hughes, A. (2008), ?Innovation policy as cargo cult: Myth and reality in knowledge-led productivity growth?, in Bessant, J. and Venables, T. (eds), Creating Wealth from Knowledge. Meeting the innovation challenge, Edward Elgar, Cheltenham.

Hughes, A. (with PACEC) (2008), Competitiveness and Productivity of the UK Design Engineering Sector, DBERR, February.

Hughes, A. (with Grinevich, V.) (2007) The Contribution of Services and other Sectors to Australian Productivity Growth 1980-2004, Australian Business Foundation, Sydney, November.

Hughes, A. (2007), 'Hunting the elusive Snark of innovation Some reflections of the UK experience with small business support policy', Proceedings of the Innovation Leadership Group Forum on Innovation and SMEs, September.

Hughes, A. (with Cosh, A.) (eds.) (2007), British Enterprise: thriving or surviving?, Centre for Business Research, University of Cambridge.

Hughes, A. (2007) 'University-Industry Links and U.K. Science and Innovation Policy' in Shahid Yusuf and Kaoru Nabeshima (eds) How Universities Promote Economic Growth World Bank, Washington, D.C. 4 January.

Hughes, A. (with Scott Morton, M.S.) (2006), 'The transforming power of complementary assets', MIT Sloan Management Review, vol. 47, no. 4, Summer, pp. 50-58.

Cosh, A.D., Hughes, A. and Lester, R.K. (2006), 'UK plc: Just how innovative are we?', Cambridge MIT Institute, Centre for Business Research and Industrial Performance Centre.

Hughes, A. (with Fu, Xiaolan, Cosh, A.D., de Hoyos, R., Eisingerich, A.) (2006), 'Experiences of UK Mid-Corporate Companies in Emerging Asian Economies', UK Trade&Investment, Centre for Business Research, March.

Hughes, A. (with Cosh, A. and Guest, P.M.) (2006), 'Board Shareownership and Takeover P erformance.' Journal of Business Finance and Accounting, Vol. 33, Nos 3+4, April/May, pp459-510.

Hughes, A. (with Scott Morton, Michael S.) (2006), 'ICT and Productivity Growth - The Paradox Resolved', Working Paper 316.

Hughes, A. (with Cosh, A., Fu, X.) (2005), 'Management Characteristics, Collaboration and Innovative Efficiency: Evidence from UK Survey Data', Working Paper 311.

Hughes, A. (with Desyllas, P.) (2005) 'The revealed preferences of high technology acquirers: an analysis of the characteristics of their targets', Centre for Business Research Working Paper 306.

Hughes, A. (with Desyllas, P.) (2005) 'R&D and Patenting Activity and the Propensity to Acquire in High Technology Industries', Centre for Business Research Working Paper 298.

Hughes, A. (with Cosh, A. and Guest, P.M.) (2005) 'Board Share Ownership and Takeover Performance', Centre for Business Research.

Hughes, A. (with Conn, R.L., Cosh, A. and Guest, P.M.) (2005) 'The Impact on UK Acquirers of Domestic, Cross Border, Public and Private Acquisitions', Journal of Business Finance and Accounting, Vol. 32, Nos 5+6, June/July 2005.




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