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Alan Hughes

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Alan Hughes

Margaret Thatcher Professor Emeritus of Enterprise Studies
Senior Research Associate, Centre for Business Research (CBR)
Fellow of Sidney Sussex College

Professional experience

Alan Hughes is Margaret Thatcher Professor Emeritus of Enterprise Studies at Cambridge Judge Business School at the University of Cambridge. He is also Director of the UK Innovation Research Centre, a joint venture between the Centre for Business Research at Cambridge Judge and Imperial College London, and Director of the ESRC Impact Acceleration Programme at Cambridge. From 2011-2013 he was a member of the Lead Expert Group of the Foresight Programme for the Future of UK Manufacturing.

Professor Hughes has held visiting professorships in the USA, France, Australia and Japan. From 2004-2013 he was a member of the UK Prime Minister's Council for Science and Technology, the UK's senior advisory body in this area. He is a Senior Research Fellow of the National Centre for Universities and Business (NCUB). He is a member of the Strategic Advisory Network of the EPSRC and of the Patents Expert Advisory Group of the Intellectual Property Office.

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 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, Panos Desyllas and Paul Guest on the impact of shareownership characteristics on acquisition performance; innovation, shareholder wealth and profitability in an international and domestic context. 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 research focuses on science technology and innovation policy. With Michael Kitson he has led a major programme of research funded by ESRC, EPSRC, AHRC, HEFCE and BIS into the commercialisation of science, innovation and industrial policy and university funding.

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, BIS, the EU, and German and Australian governments.

Previous appointments

Professor Alan Hughes was Director of the Centre for Business Research and Margaret Thatcher Professor of Enterprise Studies at Cambridge Judge Business School from 1994 to September 2013. He was, from 2000-2003, Director of the National Competitiveness Network of the Cambridge-MIT Institute, a joint venture between the University of Cambridge and the Massachusetts Institute of Technology.

Professor Hughes has held visiting chairs at Doshisha Kyoto and Queensland.

Research interests

Science and innovation policy; measurement and evaluation of science, industrial and business support policy; 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; 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.

Selected publications

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 (DOI: 10.1093/icc/dtt020)

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.

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

Hughes, A. (2014) "Capital markets, innovation systems and the financing of innovation." In: Dodgson, M., Gann, D. and Phillips, N. (eds.) (2013) The Oxford handbook of innovation Management. Oxford: Oxford University Press.

Mina, A., Bascavusoglu-Moreau, E. and Hughes, A. (2014) "Open service innovation and the firm's search for external knowledge." Research Policy (DOI: 10.1016/j.respol.2013.07.004) (published online Aug 2013; forthcoming in print)

Hughes, A. (ed.) (2014) The future of UK manufacturing: scenario analysis, capital markets and industrial policy. Cambridge: UK~IRC e-book (forthcoming)

More publications

Contact details

Alan Hughes
Cambridge Judge Business School
University of Cambridge
Trumpington Street
Cambridge CB2 1AG

Tel: +44 (0)1223 765335
Fax: +44 (0)1223 765336

Research impact

Firing the grey cells for business success

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.

Read more