Legal and institutional environment (CBR research area)

This area of work is concerned with the role of legal institutions in promoting financial development and economic growth. This includes research projects on issues affecting the governance, management and regulation of companies, including board structure, executive pay, hostile takeovers, shareholder activism, socially responsible investment, corporate insolvency, inter-firm contracting, worker participation, employment protection, and labour standards regulation. This research has contributed to advances in methods of data collection and statistical analysis in the study of the relationship between law and finance, and to theoretical developments in the field of evolutionary law and economics.

Associated research themes

Bankruptcy and insolvency

Board management and risk

Company law

Corporate growth

Emerging markets

Employee consultation and restructuring

Employment legislation institutions and practice

Financial institutions and governance

Financial regulation

Governance and innovation

Innovation policy

Innovation systems

Inter-firm collaboration

Law, finance and development

Takeovers, ownership and executive pay

Universities in systems of innovation

Venture capital and hedge funds

Associated research projects

Addressing Gender Inequality through Corporate Governance

Agglomerative and Deglomerative Processes and Small Firms Development in Business and Professional Services

Analysis of Middle Market Firms

Analysis of the Relationship between Training and Business Performance

Assessing the Impact of the National Minimum Wage on Small and Medium Sized Enterprises (SME Survey)

Bankruptcy Law and Entrepreneurship

Barriers to Innovation and Growth in High Technology SMEs: The Role of Absorptive Capacity

Building a Biomedical Enterprise and Commercialising Science: Entrepreneurial UK Genomics Firms in Comparative Perspective

Business Failure and Macroeconomic Instability

The Capability Approach and the Implementation of EU Social Policy Directives

Capright: Resources, Rights and Capabilities in Europe

CIS4 and Oslo Manual Revision: Early Stage Pilot

Company Law Review

Comparative Study of Knowledge Exchange in the United States and the United Kingdom

Competition and Performance

Competition, Takeovers and Investment

Competitiveness and Productivity of the UK Design Engineering Sector

The Competitiveness of the UK and its Multinational Companies

Concepts of Insolvency

The Connectivity of the Arts and Humanities: New Analysis of Missing Links

The Contribution of Services and Other Sectors to Australian Productivity Growth 1995-2005

Cooperation, Stakeholder Representation and Business Performance

Corporate Governance and Innovation

Corporate Governance and Investment: An International Research Network

Corporate Governance, Corporate Finance and Economic Performance in Emerging Markets

Corporate Law and Economic Performance

Impact of the Enterprise Act 2002

Corporate Responses to Macroeconomic Changes and Shocks

Dynamics of Institutions and Markets in Europe (DIME)

Ethics, Regulation and Globalisation

Evaluation of the Effectiveness of HEFCE/OSI Third Stream Funding

Evaluation of the Golden Key Package Component of the Small Business Initiative Funded by the British Bankers Association

Evidence Base for Innovation Policy (UK~IRC)

Evolution of Governance Arrangements in the Family Firm

Finance, Training and SME Performance: An Evaluation Study of the Small Business Initiative

FINNOV – Finance, Innovation and Growth: Changing Patterns and Policy Implications

Flexible Specialisation, Competitive Advantage and Business Structuring in the UK Computer Industry

From Employability to Capability: An Exploratory Approach on the Quality of Employment

The Future of Collectivism in the Regulation of Pay and Employment in Britain

The Future of Professional Work

The Globalising Behaviour of UK Firms in a Comparative Context

The Governance of Mutuality

Government Support for Small Business Innovation and the SBIR

High Tech CEOs and Their Businesses

Impact of the Enterprise Act 2002

The Impact of the National Minimum Wage on Small and Medium Sized Enterprises

The Impact of the National Minimum Wage on Small and Medium Sized Businesses in the Cleaning and Security Sectors

The Implementation of the Working Time Directive in the UK

Insolvency and Stakeholding

Institutional Investment and Corporate Accountability

The Integrated Knowledge Centre (IKC) Commercialisation Laboratory

International Financial Regulation

International Innovation Benchmarking and the Determinants of Business Success

International Joint Ventures and Strategic Alliances for the Development of British Management

International Mergers

Job Insecurity, Polarisation, Social Exclusion and Flexibility

Knowledge Exchange between Arts and Humanities and the Private, Public and Third Sectors

The Knowledge Hub (UK~IRC)

Labour Law and Poverty Alleviation in Low and Middle-Income Countries

Labour Market Reform and Social Inclusion: The Case of New Zealand, Ireland and Denmark

Law and Finance in Emerging Markets

Law, Development and Finance in Rising Powers

Law, Finance and Development

The Learning Factory

The Legal Framework Governing Business Firms and its Implications for Manufacturing Scale and Performance

Manufacturing Strategy and Competitiveness



Modelling Business Duration and Business Failure

The National Small and Medium Sized Business Surveys

Networks, Collective Learning and R&D in Regionally Clustered High-technology Small and Medium-sized Enterprises

New Modes of Innovation: Managerial and Strategic Business Practices and Open Innovation (UK~IRC)

New Product Development Performance in the UK and Japanese Automotive Industries

Northern Ireland SME Benchmarking Survey

The Organisation of Entrepreneurial Technology Firms in Several European Countries

Pension Fund Governance and Socially Responsible Investment

Reflexive Governance in the Public Interest

Reflexive Law and Democratic Governance

Research Using UK Innovation Survey 2005 Data

The Role of Banks versus Venture Capital in Financing Small Enterprises in Successful European Regions

The Role of "Soft Companies" and Government R&D Contracts in Development of SMEs

The Role of Technology Policy in Incubating European New Technology-Based Firms

SME Finance and Innovation in the Current Economic Crisis

SME Performance and Policy

Social Dialogue, Employment and Territories: Towards a European Politics of Capabilities

"Soft Regulation": Conforming with the Principle of "Comply or Explain"

Startup Finance: A Study of Micro Finance amongst Soft and Hard Companies

Strategic Advisory Board on Intellectual Property (SABIP) Review

Survey of National Health Service Reforms and the Working Lives of Midwives and Physiotherapists

Territorial Clustering and Innovative Milieux: Technology-based Firms in the Cambridge and Oxford Regions

The UK Innovation Research Centre (UK~IRC)

UK~IRC and CIHE Task Force: Enhancing Value: Getting the Most out of UK Research

Universities and Their Role in Systems of Innovation: A Comparative Assessment of UK and US Institutions and Locales

University-Industry Knowledge Exchange: Demand Pull, Supply Push and the Public Space Role of Higher Education Institutions in the UK Regions

Updating Employment Institutions and Governance