Alan Hughes is Margaret Thatcher Professor of Enterprise Studies at Cambridge Judge Business School at the University of Cambridge. He is also Director of the Centre for Business Research (CBR), and a Fellow of Sidney Sussex College, both at the University of Cambridge. He was, from 2000-2003, Director of the National Competitiveness Network of the Cambridge-MIT Institute, a joint venture between Cambridge University and the Massachusetts Institute of Technology. Professor Hughes has also held visiting professorships in the USA, France, Australia and Japan. 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.
With his colleagues at the Centre for Business Research Professor Hughes has pioneered the development of a long-term interdisciplinary research programme into business structure organisation and performance. This programme which has attracted over £8 million worth of peer reviewed research funding has linked scholars from economics, law, engineering, geography, social and political sciences, social psychology and management studies into a long-run programme of business research. With his colleague Andy Cosh he has developed a unique longitudinal research programme covering several thousand small and medium-sized enterprises in the UK which take part in the CBR biennial SME surveys. This work has resulted in a series of panel datasets which has been made available to the UK Research Community through the ESRC data archive and has led to many research monographs and articles on the performance of the small and medium-sized enterprise sector in the UK.
His longstanding interest in mergers, acquisitions and corporate governance has produced a series of journal articles and other publications spanning two decades and has most recently included work with colleagues Andy Cosh and Paul Guest on the impact of shareownership characteristics on acquisition performance and the impact on shareholder wealth and profitability of public and private acquisitions in an international and domestic context. His most recent research in this area is concerned with the impact of serial acquisitions on business performance. With his colleague Simon Deakin he provided the first economic analysis to be included in the work of the Law Commissions in their report on the law relating to Directors' Duties.
Professor Hughes introduced the econometric modelling of selection effects into UK public policy evaluation. This is reflected in work on the impact of programmes to fund high-technology small businesses as well as the impact of training on the performance of smaller firms. These reports have been published and the methods used have been widely adopted in subsequent evaluations.
His current work on innovation includes a major collaborative programme of research with Andy Cosh and Richard Lester of the Industrial Performance Center at MIT. This includes detailed case studies of regional innovation systems and quantitative analyses based on a unique innovation survey covering 3,500 firms in the UK and USA.
Professor Hughes has published several books and over 200 journal articles and other publications in the areas outlined in his research interests. This work has led to requests for policy advice and consultancy roles with amongst others HM Treasury, HM Inland Revenue, the Department of Trade & Industry, the Department for Education and Skills, the Bank of England, Eurostat, the International Labour Organisation, the National Consumer Council, the World Bank and the UN World Institute for Development Economic Research.
Alan Hughes has held visiting appointments at Doshisha Kyoto and Queensland.
Growth innovation and financial characteristics of small and medium-sized enterprises; analysis of the relationship between corporate takeover, corporate governance, executive pay and business performance; training and business performance; measurement and evaluation of science, industrial and business support policy; the relationship between law and economics in the analysis of corporate organisation and performance.
Alan Hughes is a member of the Economics & Policy subject group.
Cox, M., Hughes, A. and Spires, R. (2002) Evaluation of SMART (including SPUR) 2001: final report and appendices: DTI Evaluation Report Series No.3. Sheffield: Small Business Service.
Cook, J., Deakin, S. and Hughes, A. (2002) "Mutuality and corporate governance: the evolution of UK building societies following deregulation." The Journal of Corporate Law Studies, 2(1): 110-138
Cosh, A. and Hughes, A. (eds.) (2003) Enterprise challenged: policy and performance in the British SME sector 1999-2002. Cambridge: ESRC Centre for Business Research.
Guest, P.M., Cosh, A., Hughes, A. and Conn, R.L. (2004) "Why must all good things come to an end? The performance of multiple acquirers." In Academy of Management (eds.) Creating actionable knowledge: Academy of Management Best Paper Proceedings (64th), 6-11 August 2004, New Orleans, Louisiana, USA. [Published on CD-ROM], pp.BPS:S1-S6
Conn, R.L., Cosh, A., Guest, P.M. and Hughes, A. (2005) "The impact on U.K. acquirers of domestic, cross-border, public and private acquisitions." Journal of Business Finance and Accounting, 32(5/6): pp.815-870
Cosh, A., Guest, P. and Hughes, A. (2006) "Board share-ownership and takeover performance." Journal of Business Finance and Accounting, 33(3/4): 459-510
Cambridge Judge Business School
University of Cambridge
Cambridge CB2 1AG
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Research by Professor Alan Hughes has played a pivotal role in the rollout of the highly successful Catapult Centres, which exist to encourage collaboration between academics and entrepreneurs.