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SME Performance & Policy

Aims & objectives

This project is concerned with developing and testing models of small and medium sized enterprise (SME) performance and its determinants, with policy analysis and with methods of complex survey design and analysis necessary to investigate models of business performance. Performance includes innovative activity and export activity, as well as growth, profitability and survival. Determinants include internal management and organisational characteristics, the strategic behaviour of managers including strategies of co-operation and collaboration, as well as external environmental factors, including financial, labour and product market constraints. The project is concerned with policy evaluation and evaluation methodology, and with the comparison of the performance characteristics of different groups of firms including high-technology and conventional businesses. The project develops and utilises appropriate databases for these purposes including, in particular, the complex panel survey data generated by the CBR biennial survey of SMEs. This survey is carried out by the project leaders and managed by Anna Bullock via the CBR Survey and Database Unit. The project is also concerned with the development of appropriate survey instruments for performance measurement and analysis. It also draws on the results of a complementary project on methods of missing data imputation (Missing Observations in Survey Data: An Experimental Approach) to enhance the usefulness of performance survey datasets. The econometric analysis undertaken is characterised by the development and use of appropriate multivariate techniques including sample selection modelling and robust regression methods. Careful account is taken of the extreme heterogeneity of SME performance and the endemic sample attrition and self-selection biases which can arise in complex panel data analysis. In addition the project produces rigorous but user friendly presentations of key survey results in the biennial publication of reports based on the CBR SME survey, as well as custom designed articles for practitioner journals. Use is also made of complementary case study and qualitative analytical techniques, and of interview based piloting of alternative survey instruments to assist in complex survey design.

CBR SME Survey 2011

The CBR has carried out surveys of British SMEs in 1991, 1993, 1995, 1997, 1999, 2002, 2004 and 2008 and has created several panels of firms. This rich material has led to several publications relating to training, management practices, innovation, business advice and finance; and their impacts on firm performance. The last study was carried out in November 2008 at the onset of the credit crunch recession and compared how SMEs were faring in raising finance compared with both 2004 and the previous recession of 1991. The 2011 survey has resulted in over 1900 responses, the analysis of which has recently begun. One important part of this analysis is to explore the financing of SMEs three years into the recession. Another important novel aspect of this survey is an in-depth exploration of family businesses.

Journal articles

Lahr, H. and Mina, A. (2014) ‘Liquidity, technological opportunities and the stage distribution of venture capital investments’ Financial Management, 43: 291–325. 

Tartari, V. Perkmann, M. and Salter, A. (2014) ‘In good company: the influence of peers on industry engagement by academic scientists’ Research Policy, 43: 1189-1203.

Hughes, A. (with Perkmann, M., Tartari, V., McKelvey, M., Autio, E., Broström, A., D'Este, P., Fini, R., Geuna, A., Grimaldi, R., Kitson, M., Krabel, S., Llerena, P., Lissoni, F., Salter, A. andSobrero, M.) (2012) ‘Academic engagement and commercialisation: a review of the literature on university‐industry relations’, Research Policy, 42(2): 423‐442.

Hughes, A., Cosh, A. and Fu, X. (2012) ‘Organisation structure and innovation performance in different environments’ Small Business Economics, 33: 301‐317.

Hughes, A., Deiaco, E. and McKelvey, M. (eds) (2012) Cambridge Journal of Economics Special Issue: Universities as strategic actors in the knowledge economy, Volume 36 (3).

Hughes, A. and 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, 36: 712‐750.

Hughes, A., Deiaco, E. and McKelvey, M. (2012) ‘Universities as strategic actors in the knowledge economy’ Cambridge Journal of Economics Special Issue, 36: 525‐541.

Kitson, M. (2013) ‘Academic engagement and commercialisation: a review of the literature on university–industry relations’ Research Policy, 42(2): 423–442,

Mina, A, Bascavusoglu‐Moreau, E. and Hughes, A. (2013) ‘Open service innovation and the firm’s search for external knowledge’, Research Policy, published online and forthcoming in print (DOI: 10.1016/j.respol.2013.07.004).

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.

Mina, A., Lahr, H. and Hughes, A. (2013) ‘The demand and supply of external finance for innovative firms’ Industrial and Corporate Change, 22(4): 1‐33.

Probert, J., Connell, D. and Mina, A. (2013) ‘R&D service firms: the hidden engine of the high‐tech economy?’ Research Policy, 42 (6‐7): 1274‐1285.

Tether, B., Li, C. and Mina, A. (2012) ‘Knowledge‐bases, places, spatial configurations and the performance of knowledge‐intensive professional service firms’, Journal of Economic Geography 26: 969‐1001.

Cosh, A., Fu, X. and Hughes, A. (2012) 'Organisation structure and innovation performance in different environments', Small Business Economics 33: 301-317.

Theyel, N. 'Extending open innovation throughout the value chain by small and medium-sized manufacturers'. Special issue of the International Small Business Journal on 'Open Innovation in SMEs: An International Perspective on a Dynamic Approach to Contemporary Entrepreneurship'. (Forthcoming).

Cosh, A.D. and Hughes. A (2000), 'Finance for SMEs: Why Banks are back in favour with small businesses's Finance and Management Issue 67, September, The Institute of Chartered Accountants in England and Wales.

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

Hughes, A (2001), 'Innovation and Business Performance: Small Wntrepreneurial Firms in the UK', New Economy Vol 8 No 3, Sep pp157-163.

Hughes, A. (2009), 'Entrepreneurship and Innovation Policy: Retrospect and Prospect', Political Quarterly, Vol. 79, 133-152.

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

Books

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

Mina, A., Docherty, D., Eyton, D., Hughes, A., Martin, B., Pearce, S. and Probert, J. (2014) Growing Value: Business-University Collaboration for the 21st Century (London: NCUB). 

Hughes, A. (with Kitson, M., Bullock, A. and Milner, I.) (2013) The Dual Funding Structure for Research in the UK: Research Council and Funding Council Allocation Methods and the Pathways to Impact of UK Academics, A Report from the Centre for Business Research (CBR) and the UK Innovation Research Centre (UK~IRC) to the Department for Business, Innovation and Skills.

Hughes, A. (with Docherty, D., Eyton, D. and Pearce, S.) (2012) Growing Value ‐ Business‐ University Collaaboration for the 21st Century, CIHE‐UK~IRC Enhancing Value Task Force, December.

Hughes, A. (with PACEC) (2012) Analysis of TSB University Engagement Practices, PACEC and CBR, April.

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

Cosh, A.D. and Hughes, A. (eds) (2000), ) British Enterprise in Transition: Growth Innovation and Public Policy in the Small and Medium Sized Enterprise Sector 1994-1999. ESRC Centre for Business Research University of Cambridge, Cambridge.

Cosh, A.D. and Hughes, A. (eds) (2002), Enterprise Challenged: Policy and Performance in the British SME sector 1999-2002, ESRC Centre for Business Research University of Cambridge, Cambridge.

Cosh, A.D. and Hughes, A. (eds) (2007), British Enterprise: thriving or surviving? SME growth, innovation and public policy 2001-2004, ESRC Centre for Business Research, University of Cambridge, Cambridge.

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

Trau, F. (2004), Structural Macroeconomic change and the size of manufacturing firms, London, Palgrave Macmillan.

Reports

Hughes, A., Kitson, M., Probert, J., Turner, R., Bullock, A. and Milner, I. (2014) Cultural Connections: The Role of the Arts and Humanities in Competitiveness and Local Development. A Report to the Arts and Humanities Research Council (Cambridge: CBR). 

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

Hughes, A. and Kitson M. (2013) Connecting with the Ivory Tower: Business Perspectives on Knowledge Exchange in the UK (London: UK-IRC and NCUB). 

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 

Li, Q.C. and Bascavusoglu-Moreau, E. (2013) Knowledge Spillovers and Sources of Knowledge in the Manufacturing Sector: Literature Review and Empirical Evidence for the UK, report to the Government Office for Science and Foresight, Department for Business, Innovation and Skills (BIS). 

Bullock, A. Cosh, A.D.and Hughes, A. with Akerblom, A (2000), Measuring Innovation in Very Small Enterprises: A Report to Eurostat CBR University of Cambridge.

Books chapters

Hughes, A. (2013) ‘Capital markets, innovation systems and the financing of innovation’ in M. Dodgson, D. Gann and N. Phillips (eds) (2013) The Oxford Handbook of Innovation Management (Oxford: OUP) forthcoming.

Hughes, A. (2012) ‘Choosing races and placing bets: UK national innovation policy and the globalisation of innovation systems’ in D. Greenaway (ed.) The UK in a Global World – How can the UK focus on steps in global value chains that really add value? (London: CEPR).

Kitson, M. (2012) ‘Regional competitiveness and regional policy: some insights from the UK’ in A. Brugnoli and A. Colombo (eds.) Government, Governance and Welfare Reform. Structural Changes and Subsidiarity in Italy and Britain (Cheltenham: Edward Elgar).

Kitson, M. (2013) ‘Britain’s withdrawal from the Gold standard: the end of an Epoch’ in R. Parker and R Whaples (eds.), Handbook of Major Events in Economic History (Basingstoke: Palgrave)

Kitson, M. and Michie, J. (2014) ‘The deindustrial revolution: the rise and fall of UK manufacturing, 1870‐2010’ in R. Floud and P. Johnson (eds), The Cambridge Economic History of Modern Britain, Volume 2 (Cambridge: CUP), forthcoming.

Bennett, R. (2007), "Government Local and Regional Support for SMEs and Business Link" in British Enterprise: thriving or surviving? edited by Cosh and Hughes, Centre for Business Research, University of Cambridge.

Bennett, R. (2007), "What SMEs want from Government: Policy Changes" in British Enterprise: thriving or surviving? edited by Cosh and Hughes, Centre for Business Research, University of Cambridge.

Bullock, A. and Milner, I. (2007), "Survey Design, Response Bias and Sample Characteristics in the 2004 CBR SME survey" in British Enterprise: thriving or surviving? edited by Cosh and Hughes, Centre for Business Research, University of Cambridge.

Bullock, A., Cosh A.D., and Hughes, A. (2000), 'Survival, Age, Size and Growth' in Cosh, A.D. and Hughes, A. (eds) British Enterprise in Transition: Growth Innovation and Public Policy in the Small and Medium Sized Enterprise Sector 1994-1999.ESRC Centre for Business Research University of Cambridge, Cambridge.

Bullock, A., Cosh, A. and Hughes, A. (2007), "Finance for SMEs" in British Enterprise: thriving or surviving? edited by Cosh and Hughes, Centre for Business Research, University of Cambridge.

Cosh, A. and Hughes, A (2003), 'Profitability, finance and acquisition activity', in A. Cosh and A. Hughes (eds.) Enterprise Challenged: Policy and performance in the British SME sector 1999-2002 (Cambridge: ESRC Centre for Business Research, University of Cambridge).

Cosh, A. and Hughes, A (2003), 'Size, Age, Growth, Business Constraints and Management Characteristics', in Cosh, A. and Hughes, A. (eds.) Enterprise Challenged: Policy and Performance in the British SME Sector 1999-2002 (Cambridge: ESRC Centre for Business Research, University of Cambridge).

Cosh, A. and Hughes, A (2003), 'The British SME Sector 1991-2002', in A. Cosh and A. Hughes (eds.) Enterprise Challenged: Policy and Performance in the British SME Sector 1999-2002 (Cambridge: ESRC Centre for Business Research, University of Cambridge).

Cosh, A. and Hughes, A. (2003), 'Innovation activity: outputs, inputs, intentions and constraints', in A. Cosh and A. Hughes (eds.) Enterprise Challenged: Policy and Performance in the British SME Sector 1999-2002 (Cambridge: ESRC Centre for Business Research, University of Cambridge).

Cosh, A. and Hughes, A. (2007), "Business Formation, Business Leaders and SME Performance" in British Enterprise: thriving or surviving? edited by Cosh and Hughes, Centre for Business Research, University of Cambridge.

Cosh, A. and Hughes, A. (2007), "Constraints, Competitiveness and Collaboration" in British Enterprise: thriving or surviving? edited by Cosh and Hughes, Centre for Business Research, University of Cambridge.

Cosh, A. and Hughes, A. (2007), "Innovation Activity and Technology Intensive Firms" in British Enterprise: thriving or surviving? edited by Cosh and Hughes, Centre for Business Research, University of Cambridge.

Cosh, A. and Hughes, A. (2007), "SMEs in Northern Ireland" in British Enterprise: thriving or surviving? edited by Cosh and Hughes, Centre for Business Research, University of Cambridge.

Cosh, A. and Hughes, A. (2007), "The British SME Sector 1991-2004" in British Enterprise: thriving or surviving? edited by Cosh and Hughes, Centre for Business Research, University of Cambridge.

Cosh, A.D. and Hughes, A (2000), 'CEOs,Management Strategy, Growth Objectives and Growth Constraints'in Cosh, A.D. and Hughes, A. (eds) British Enterprise in Transition: Growth Innovation and Public Policy in the Small and Medium Sized Enterprise Sector 1994-1999. ESRC Centre for Business Research University of Cambridge, Cambridge.

Cosh, A.D. and Hughes, A (2000), 'Innovation Activity and Performance in UK SMES' in Cosh, A.D. and Hughes, A. (eds) British Enterprise in Transition: Growth Innovation and Public Policy in the Small and Medium Sized Enterprise Sector 1994-1999. ESRC Centre for Business Research University of Cambridge, Cambridge.

Cosh, A.D. and Hughes, A. (2000), 'Profitability and Finance in UK SMEs' in Cosh, A.D. and Hughes, A. (eds) British Enterprise in Transition: Growth Innovation and Public Policy in the Small and Medium Sized Enterprise Sector 1994-1999. ESRC Centre for Business Research University of Cambridge, Cambridge.

Cosh, A.D. and Hughes, A. (2001), "Innovation. The Contribution of European SMEs" in Enterprises in Europe: Sixth Report Eurostat, Luxembourg.

Cosh, A.D. and Hughes, A. (2001), "Profitability and Finance: Uneven performance across enterprise size classes" in Enterprises in Europe: Sixth Report Eurostat, Luxembourg.

Fu, X. (2006), 'Exports, FDI, linkages and regional disparities in China', in Yao, S. and Chen, J. (eds) Globalization, competition and Growth in China, pp. 163-181.Taylor & Francis (London).

Fu, X. (2006), 'Globalisation and regional income inequalities in China', in Benini, R. and Woo, W. T. (eds) Restructuring and Decentralization in Transition, Kluwer Academic Publisher (Dordrecht and New York).

Hughes, A. (2000), "Enlarging Employment by Promoting Small Enterprises" Background Paper No. 5 in States Market and Social Progress.Ê United Nations Division of Social Policy and Development. State Development Planning Commission of the Peoples Republic of China, Beijing, pp. 63.

Hughes, A. (2000), "Enterprise Innovation and High-Tech SMEs" in D. Coates and K. Warwick (eds) The Economics of the Knowledge Driven Economy. Department for Trade and Industry, London.

Hughes, A. and Moore B.C. (2000), 'The growth and performance of small high-tech firms in the UK economy' in Cosh, A.D. and Hughes, A. (eds) British Enterprise in Transition: Growth Innovation and Public Policy in the Small and Medium Sized Enterprise Sector 1994-1999. ESRC Centre for Business Research University of Cambridge, Cambridge.

Hughes, A. and Wood, E. (2000), "Rethinking innovation comparisons between manufacturing and services: the experience of the CBR SME surveys in the UK." In J.S.Metcalfe and I.Miles (eds) Innovation Systems in the Service Economy: Measurement and Case Study Analysis. Kluwer Academic Publishers Boston/Dordrecht/London.

Kattuman, P.A. and Keeble, D.E. (2001), 'SMEs in the European regions' Enterprises in Europe: Sixth Report Eurostat, Luxembourg.

Kitson, M. (2007), "Regional Variations in Competitiveness and their Implications for Regional Policy" in British Enterprise: thriving or surviving? edited by Cosh and Hughes, Centre for Business Research, University of Cambridge.

Working papers

Hughes, A., Spring, M., Mason, K. and McCaffrey, P. (2014) ‘Creating the competitive edge: pperations management meets industrial policy’ working paper, submitted to Journal of Operations Management. 

Hughes, A. (2014) ‘Short-termism, impatient capital and finance for manufacturing innovation in the UK’ Centre for Business Research Working Paper No. 457, March 2014. 

Hughes, A. and Crafts, N. (2013) ‘Industrial policy for the medium to long-term’ CBR Working Paper No. 455, December 2013. 

Hughes, A., Lahr, H. and Kitson, M. (2013) ‘Signalling, absorptive capacity and the geographic patterns of academic knowledge exchange' DRUID Working Paper, April. 

Lahr, H., Hughes, A., Kitson, M., Signalling, absorptive capacity and the geographic patterns of academic knowledge exchange. Working Paper, April 2013

Cosh, A. and Zhang, J.J. (2012) 'Ambidexterity and Open Innovation in SMEs', submitted to the Academy of Management conference.

Cosh, A. and Zhang, J. (2012) Variety of Search and Innovation: A Comparative Study of US Manufacturing and Knowledge Intensive Business Services Sectors.

Theyel, N. and Cosh, A. (2012) 'Open Innovation - A Gold Mine or Fool's Gold for Young Firms?', submitted to the Academy of Management conference and published in Best Papers Proceedings.

Hughes, A. (1998), 'Growth constraints on small business', Centre for Business Research Working Paper No. 107.

Hughes, A. (2000), 'On enlarging employment by promoting small enterprises', Centre for Business Research Working Paper No.180.

Hughes, A. (2007), 'Innovation Policy as cargo cult: Myth and Reality in knowledge-led Productivity Growth", Centre for Business Research Working Paper No. 348.

Hughes, A. and Dessyllas, P. (2005), 'R&D and Patenting Activity and the Propensity to Acquire in High Technology Industries', March 2005: Centre for Business Research Working Paper No. 298.

Hughes, A. and Dessyllas, P. (2005), 'The revealed preferences of high technology acquirers: an analysis of the characteristics of their targets', June 2005: Centre for Business Research Working Paper No. 306.

Hughes, A. and Lee, J. (2006), 'What's in a name and when does it matter? The hot and cold markeet impacts on underpricing of certification, reputation and conflicts of interest in venture capital backed Korean IPOs', Centre for Business Research Working Paper 336.

Hughes, A., Cosh, A and Cumming, D (2005), 'Outside Entrepreneurial Capital', March 2005: Centre for Business Research Working Paper No. 301.

Hughes, A., Cosh, A., and Fu, X. (2005), 'Management characteristics, collaboration and innovative efficiency: evidence from UK survey data', September 2005: Centre for Business Research Working Paper No. 311.

Hughes, A., Druilhe, C., and Grinevich,V.(2004), The Incubation and Spin-Off System for High Technology firms in the Cambridge Sub-Region Interim Report to AIST Japan Centre for Business Research University of Cambridge, Mimeo.

Isachenkova, N. and Hunter, J. (2002), 'A Panel Analysis of UK Company Failure', Centre for Business Research Working Paper No. 228.

Karamanos, A. (2002), ' Network Embeddedness and the Value of Complex Resources', Centre for Business Research Working Paper No. 227.

Karamanos, A. (2002), 'Market Networks and the Value in knowledge Exchanges: Evidence from Biotechnology Strategic Alliances', Centre for Business Research Working Paper No. 240.

Keeble, D. (2001), 'University and Technology: Science and Technology Parks in the Cambridge Region', Centre for Business Research Working Paper No. 218. 

Kitson, M., Michie, J., Quinn, M. (2001), 'Markets, Competition, Cooperation and Innovation', Centre for Business Research Working Paper No. 212. 

Lane, C., Quack, S. (2001), 'How Banks Construct and Manage Risk: A Sociological Study of Small Firm Lending in Britain and Germany', Centre for Business Research Working Paper No. 217.

Martin, R., Sunley, P. (2002), 'Deconstructing Clusters: Chaotic Concept or Policy Panacea', Centre for Business Research Working Paper No. 244. 

Quince, T. A. and Whittaker, D. H. (2002), 'Close Encounters: Evidence of the Benefits of Proximity to Local Industrial Clusters', ESRC Centre for Business Research Working Paper No. 235. 

Quince, T. A. and Whittaker, D. H. (2002), 'High Tech Businesses in the UK: Performance and Niche Markets', Centre for Business Research Working Paper No. 234.

Conference/Workshop papers

Hughes, A. (2014): Participation in the Hauser Review of Catapults Inaugural Meeting, Royal Society, London, 1 May. 

Hughes, A. (2014): NCUB Innovation Roundtable Discussion on Innovation in the Pharmaceuticals Industry, London, 12 May. 

Hughes, A. (2014): Participation in Monitoring Collaboration Performance between Universities and Industry Seminar, NCUB, London, 29 May. 

Hughes, A. (2014): Participation in workshop discussion of BIS Industrial Strategy and Economic Growth, BIS Conference Centre, London, 11 June. 

Hughes, A. (2014): Participation in IPPR Round Table on the future of UK Innovation Policy, IPPR, London, 12 June. 

Hughes, A. (2014): BIS Roundtable on Innovation, BIS Conference Centre, London, 2 July. 

Hughes, A. (2013) Measuring the Impact of Public Sector Funding for Science Base Research: How can we know if it pays off?, Meeting of the Science Council, London, 8 October.

Hughes, A. (2013) Mechanisms for Enhancing the Impact of University‐based Research on Company Innovation and Business Performance: An International policy comparison, ATSE Workshop ‐ Translating Research into Productivity: Rethinking Linkages, Brisbane, 8 August.

Hughes, A. (2013) What future action should Government take given implications of change presented?, Foresight High Level Stakeholder Group Meeting, EEF Broadway House, London, 2 July.

Hughes, A. (2013) The Myth of the Ivory Tower: Universities and the Wealth of Nations, Sidney Club of Geneva Annual Dinner, Geneva, 22 June.

Hughes, A. (with Kitson, M.) (2013) The Dual Funding Structure for Research and the Impact Pathways of Academics in the UK, Roundtable Discussion with the Rt Hon David Willetts, BIS, 1 Victoria Street, London, 22 May.

Hughes, A. (2013) Industrial Strategy, Foresight Roundtable Discussion, EEF Broadway House, London, 29 April.

Kitson, M. ‘The Connected University: Universities, Knowledge Exchange and Local Economic Growth’, Meeting of the Directors General of Higher Education, Dublin 22nd‐23rd April, 2013

Kitson, M. ‘Why the Euro will collapse’, Whither Europe?’ CIBAM Global Business Symposium, 21 June 2013

Kitson, M. ‘Regional growth and regional innovation policy’, Local Economic Growth: Recession, Resilience and Recovery Conference Cambridge, 11 July 2013

Lahr, H., Mina, A., Exit risk, technological opportunities and the stage distribution of venture capital investments. Working Paper, April 2013, presented at BAFA 2013.

Lahr, H., Hughes, A., Kitson, M., Signalling, absorptive capacity and the geographic patterns of academic knowledge exchange. Working Paper, April 2013, presented at DRUID 2013.

Lahr, H., Mina, A., Exit risk, technological opportunities and the stage distribution of venture capital investments. Working Paper, April 2013, to be presented at FMA 2013 (forthcoming)

Lahr, H., Mina, A., Dynamic financial constraints and innovation: Evidence from the UK Innovation Surveys. Working Paper, August 2013, presented at CONCORDi 2013 (won the best paper award). (forthcoming)

Kitson, M. ‘The Connected University: Universities, Knowledge Exchange and Local Economic Growth’, Meeting of the Directors General of Higher Education, Dublin 22nd‐23rd April, 2013

Kitson, M. ‘Why the Euro will collapse’, Whither Europe?’ CIBAM Global Business Symposium, 21 June 2013

Kitson, M. ‘Regional growth and regional innovation policy’, Local Economic Growth: Recession, Resilience and Recovery Conference Cambridge, 11 July 2013

Lahr, H. CONCORDi (Seville, September 2013) Financial Management Association (Chicago, October 2013)

Lahr, H. CONCORDi‐2013 Conference, JRC‐IPTS/European Commission, Seville, 26‐27th September.

Mina ,A. DRUID Summer Conference 2013, ESADE, Barcelona, 17‐19 June 2013.

Mina, A. AoM Annual Meeting 2013, Lake Buena Vista, Orlando, 9‐13 August 2013.

Njoya, W. Voices at Work: Legal Effects on Organisation, Representation and Negotiation (London, June 29 2013).

Cosh, A. and Zhang, J.J. (2011) "Variety of search and Innovation: A comparative study of US manufacturing and Knowledge intensive businesses" 71st Academy of Management, San Antonio, USA, 3-5 Aug.

Cosh, A. (2006) "How much does informality in management matter for SME Innovation", SPRU 40 Years Anniversary Conference, University of Sussex, September.

Cosh, A. (2007) "Absorptive Capacity and Innovation Performance in High Tech Firms", Council for Science and Technology, 13 February.

Cosh, A., Fu, X. and Hughes, A. (2005) 'How much does informality in management matter for SME innovation?'. Award winning paper, 2005 'European Best Paper Award'.

Cosh, A.D., Fu, X. and Hughes, A. (2005), 'How much does informality in management matter for SME innovation?', Staff Seminar at Queen's University, Belfast, 7 October 2005, UK.

Cosh, A.D., Fu, X. and Hughes, A. (2005), 'How much does informality in management matter for SME innovation?', efmd 35th EISB Conference, 13 September 2005, Barcelona, Spain.

Cosh, A.D., Fu, X. and Hughes, A. (2005), 'Management Characteristics, Collaboration and Innovation Performance in the UK', 65th Annual Academy of Management Conference, 8 August 2005, Hawaii, USA.

Dessyllas, P. and Hughes, A. (2005), 'R&D and Patenting Activity and the Propensity to Acquire in High Technology Industries', 65th Annual Academy of Management Conference, 8 August 2005, Hawaii, USA.

Dessyllas, P. and Hughes, A. (2005), 'The Revealed Preferences of High Technology Acquirers: An Analysis of the Characteristics of their Targets', European Academy of Management Conference (EURAM) 2005, Munich, 6 May 2005.

Fu, X. (2005) "How much does informality matter for SME innovation", EFMD 35th Entrepreneurship, Innovation and Small Business Conference, Sep. 2005, Spain.

Fu, X. (2005) "Management characteristics and innovation efficiency: evidence from the UK small business sector", Academy of Management Annual Meeting, August 2005, USA.

Fu, X. (2005) "Management characteristics and innovation efficiency: evidence from the UK small business sector", XI European Workshop for Productivity and Efficiency Analysis, June 2005, Belgium.

Fu, X. (2006) "Applications of CIS database for innovation studies", EPSRC / AIM Productivity Network workshop, January 2006, Nottingham University, Nottingham.

Fu, X. (2006) "Management characteristics, managerial ownership and innovative efficiency in high-technology industries", SPRU 40 Years Anniversary Conference, September, 2006, Sussex.

Fu, X. (2006) "Management practices and productivity growth: a literature review", EPSRC / AIM Productivity Network workshop, January 2006, Nottingham University, Nottingham.

Fu, X. (2006) "Management practices and the UK-US productivity gap", EPSRC / AIM Productivity Network workshop, September 2005, London Business School, London.

Fu, X. (2006) "SMEs and innovation", ESRC Social Science week, CBR Conference on "British Enterprises: surviving, thriving or dying", March 2006, London.

Fu, X. (2006) "The role of management practices in closing the productivity gap", EPSRC / AIM Productivity Network workshop, July 2006, LBS, London.

Hughes, A. (2005), 'Reflections on Empirical Work in the Small and Medium-Sized Enterprise Sector', PhD Student Seminar, Doshisha University, 12 November 2005, Kyoto, Japan.

Hughes, A. (2006) "Management Characteristics, Managerial Ownership and Innovative Efficiency in High Technology Industry", EIB Workshop, University of Queensland Business School, 6 October. 

Hughes, A. (2008) 'Impact of Small Business Support Policy and Innovation Policy: Some Reflections based on two Decades of Performance in the Small Business Sector in the UK', 6th ESRC and SBS Seminar: Entrepreneurship & Small Business Policy, 12 September.

Hughes, A. (2009), 'Finance and Innovation in the Current Economic Crisis', Launch of the UK Innovation Research Centre (UK~IRC), NESTA, 1 Plough Place, London, 4 March.

Hughes, A. and Lee, J. (2005), 'The Impact of Venture Capital Participation on Firm Performance: Evidence from Korean IPO's on the KOSDAQ Market', European Financial Management Association 2005 Annual Conference, 1 July, 2005 Università Bocconi, Milan, Italy.

Kitson, M. (2006) "The Regional Innovation process" MLP Conference on "Regional Development Strategic Policy Tools", Brussels, 13 October.

Kitson, M., Grinevich, V. (2006) "Absorptive Capacity and Regional Economic Performance", Innovation Economics Conference, DTI, London, 17 November.

Kitson, M., Grinevich, V. and Abreu, M. (2006), 'Absorptive Capacity and Regional Patterns of Innovation', Forum of Knowledge Exchange, Networks and Regional Innovation. 6/7 December.

Workshops organised

Cosh, A., Hughes, A., Bullock, A., Fu, X. and Milner, I, UK British enterprise: Surviving, Thriving - or Dying?, 15 March 2006, The Royal Academy of Engineering, London.

Cosh, A., Hughes, A., Bullock, A., Fu, X. and Milner, I., UK Plc: Just how innovative are we?, 16 February 2006, CBI London. Hughes, A. (2006), 'The British SME Sector 1991-2004 and the CBR SME surveys', British Enterprise: Surviving, Thriving ? or Dying?, Royal College of Engineering, 15 March 2006, London, UK.

Surveys undertaken, datasets created, software written

An inventory of European VSE Surveys.

Survey of the Importance of Small Businesses for National Innovation 1999/2000: survey instrument and dataset.

Other publications

Hughes, A. M. Kitson, J. Probert, R. Turner, A. Bullock and I. Milner – Cultural Connections: The role of the arts and humanities in competitiveness and local development (project summary report to AHRC).

Kitson, M. The Dual Funding Structure for Research in the UK: Research Council and Funding Council Allocation Methods and the Pathways to Impact of UK Academics, Report for the Department of Business, Innovation and Skills (BIS), May 2013 (with A. Hughes, A. Bullock and I.Milner).

Probert, J. and R. Turner – Cultural Connections: Case studies of four cities (report to AHRC) Cosh, A., Fu, X., Hughes, A., Bullock, A., and Milner, I. (October 2005), MAPSME II report, CBR (PEU).

Cosh, A., Fu, X., and Hughes, A. (2005), Determinates of Innovation in small ICT companies, Report to the i10 MAPSME II project (including web-tool design).

Cosh, A., Hughes, A., and Lester, (2006), 'Innovation Efficiency - a Transatlantic Comparison', in 'UK plc: Just How Innovative Are We?', Cambridge-MIT Institute, Cambridge, UK and Cambridge, US. Fu, X. (2005), 'Innovation in the EU and the USA: evidence from linked survey data'. CBR memo.

Cosh, A., Hughes, A. Bullock, A., and Milner, I. (July 2005), SMEs in Northern Ireland: a matched sample comparison with Great Britain, A report to Invest NI, CBR (PEU).

Cosh, A., Hughes, A., Bullock, A., and Milner, I. (August 2005), CBR SME Benchmarking Survey for Northern Ireland, A report to Invest NI, CBR (PEU). Other Publications Cosh A (2011), 'Innovation and the Credit Crunch', Society Now, ESRC, Summer issue.

Cosh, A. and Zhang, J.J. (2011) "Open innovation - finding the facts behind the hype." Top Floor (CBR Newsletter) 18.

Media coverage

Mina, A. Coverage of the UK-IRC/CIHE 'UK R&D Landscape' Report: The Guardian, 13 May 2014. 

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Project leaders

Alan Hughes
Andy Cosh

Other principal investigators & associates

Anna Bullock
Bob Bennett
Xiaolan Fu
Jaeho Lee
Vadim Grinevich
Ana Siqueira
Douglas Cumming (York University, Ontario)
Isobel Milner
Fabrizio Trau (Italian Confederate of Industry)

Project status

2016

Funding

ESRC

AIST, Japan

Various other shorter term funds and contract research grants