Evolutionary and Institutional Economics
Economic Policy Issues
Technology Innovation and Enterprise
The members of the Management Studies group work closely with their colleagues in the Judge Institute of Management Studies, but the research described below was undertaken by staff from the Department of Engineering.
Dr A.D. Cosh
Dr E.W. Garnsey
Dr J. Michie
Work has continued on corporate governance, control and performance, including work on executive pay(J10) and takeover(J11,J13,J37,J44,J46,J47).
The ESRC Centre for Business Research has a number of projects involving members of the Management Studies and Manufacturing Engineering groups. Within a research programme on innovation and manufacturing competitiveness, work has been carried out on manufacturing strategy.
Dr S. Scholtes
Dr F. Vanderbeck
Work in operations research has focused on mathematical programming. A column generation algorithm has been developed which is applicable to a whole class of integer programs(J65), including applications such as the design of telecommunication network, bin packing and multi-item lot-sizing and scheduling problems. Research has also been done on the stability of solutions of piecewise affine equations with applications to affine variational inequalities and generalised linear complementarity problems(J63,J64). Further work has been done on theoretical and computational aspects of mathematical programs with equilibrium constraints, computation and estimation of sensitivity measures for linear programs, and applications of OR models to the efficiency analysis of health care organisations.
Dr C.W. Hope
Progress in environmental reporting by companies has been reviewed(J30). The marginal impact of CO2 emissions has been re-evaluated in the light of new scientific and economic understanding(J32). The importance of the environment for the banking sector has been shown to be increasing, but banks' environmental activities concentrate on only a few selected areas. A probabilistic calculation has been made of some of the external costs for a coal-fired power station(J31).
Dr J.P. Allen
Dr M.R. Jones
Information systems research has continued on Business Process Reengineering and on information systems and organisational change(J33,J34,J53). Papers from earlier research on information systems requirements analysis have also been published(J3). Publications defining a new field combining computer science and management have been released(J39), along with research on the links between information technology use and management practice(J40).
Dr E.W. Garnsey
Mr G. Hodgson
Work in this area has continued at both theoretical and applied levels. Most of the publications here have contributed to the development of the theoretical and empirical foundations of evolutionary and institutional economics. In addition there has been the development of specific applications, particularly to money and to the firm. Overall, the aim has been to develop a dynamic and realistic approach to the understanding of such key economic institutions, of relevance to managers, government and other decision-makers(J24-J29).
Dr E.W. Garnsey
Mr C.G. Gill
Research on the relationship between industrial relations and environmental protection in the European Union has now been completed(J22,J43,J48).
Work has continued on the employment dimension of European Union Integration(J21,J60).
Dr N. Morgan
Mr N.J. O'Shaughnessy
Research has been carried out on funding possibilities for universities and the relationship between management education and universities(J23,J56,J57,J58,J59,J60,J61: on customer satisfaction measurement and management(J54); quality strategy and marketing(J51,J55); export performance(J53) and on internal marketing(J52).
Dr A.D. Cosh
Dr J. Michie
Dr P. Saw
There has been continuing research on national economic policy issues, as they apply to individual countries, including Britain(J2,J35), and at the EU level(J1,J42) and internationally(J5,J36,J41,J45).
Dr A.D. Cosh
Dr E.W. Garnsey
Mr S. Reid
Research was carried out on Technological innovation and enterprise, both in retailing(J16) and in technology-based enterprise(J20). Work continued on innovative milieux(J17,J18) (an EC Network) and small firm growth(J19) and support(J38), funded by the ESRC.
Small business remains a focus of research work within the group. Work has continued into technology transfer, start-up of high tech firms and small firm growth, funded by the ESRC. A major survey of the innovation activity of small and medium-sized enterprises was carried out during the year. This led to a number of studies of financing and innovation issues amongst SMEs(J4,J6,J7,J8,J12,J14,J15).
J1. Archibugi, D., Michie, J. Science and technology, R&D and innovation. In: Economic and Industrial Performance in Europe; Edited by D. Coates, Chapter 5, 153-184 (Edward Elgar, 1995).
J2. Berry, R., Kitson, M., Michie, J. Creating jobs fast. New Economy, issue 11, 133-137 (September 1996).
J3. Brooks, L., Jones, M.R. CSCW and requirements analysis: requirements as cooperation/requirements for cooperation. In: CSCW Requirements and Evaluation; Edited by P.J. Thomas, 10-20 (Springer, 1996).
J4. COSH, A.D. Where do SMEs get funding? In: Could Finance do More for British Business? Edited by S. Milner, 37-42. Commission on Public Policy and British Business Issue Paper 2 (Institute of Public Policy Research, London 1996).
J5. Cosh, A.D., Coutts, K., Hughes, A. Manufacturing, the balance of payments, and capacity. In: Creating Industrial Capacity; Edited by J. Michie, J. Grieve Smith, 52-72, (Oxford University Press 1996).
J6. COSH, A.D., Duncan, J., Hughes, A. Finance and the smaller firm. Financial Focus (Faculty of Finance and Management of the ICAEW), issue 19, 10-11 (November 1995).
J7. Cosh, A.D., Duncan, J., Hughes, A. Profitability and finance. In: The Changing State of British Enterprise; Edited by A. Cosh, A. Hughes, Chapter 5, 40-50 (ESRC Centre for Business Research, Cambridge, 1996).
J8. Cosh, A.D., Duncan, J., Hughes, A. Size, age, survival and employment growth. In: The Changing State of British Enterprise; Edited by A. Cosh, A. Hughes, Chapter 1, 3-14 (ESRC Centre for Business Research, Cambridge 1996).
J9. Cosh, A.D., Hughes, A. (Editors). The Changing State Of British Enterprise: Growth, Innovation and Competitive Advantage in Small and Medium Sized Firms 1986-95 (ESRC Centre for Business Economics, Cambridge, 1996). ISBN 0 9062 5112 5
J10. Cosh, A.D., Hughes, A. Executive remuneration, executive dismissal and institutional shareholdings. ESRC Centre for Business Research, University of Cambridge Working Paper 19 (September 1995).
J11. COSH, A.D., HUGHES, A. Failures, acquisitions and post-merger success: the comparative financial characteristics of large and small companies. ESRC Centre for Business Research, University of Cambridge Working Paper 18 (1995).
J12. Cosh, A.D., Hughes, A., Lee, H., Pudney, S. Semi-parametric estimation of the company growth-size relation. ESRC Centre for Business Research, University of Cambridge Working Paper 32 (March 1996).
J13. Cosh, A.D., Hughes, A., Lee, K., Singh, A. Takeovers, institutional investments and the persistence of profits, ESRC Centre for Business Research, University of Cambridge Working Paper 30 (March 1996).
J14. Cosh, A.D., Hughes, A., Wood, E. Financing innovation. In: The Changing State of British Enterprise; Edited by A. Cosh, A. Hughes, Chapter 8, 72-82 (ESRC Centre for Business Research, Cambridge, 1996).
J15. Cosh, A.D., Hughes, A., Wood, E. Innovation: scale, objective, and constraints. In: The Changing State of British Enterprise; Edited by A. Cosh, A. Hughes, Chapter 6, 51-61 (ESRC Centre for Business Research, Cambridge, 1996).
J16. Frances, J., Garnsey, E. Supermarkets and suppliers in the United Kingdom; system integration, information and control. Accounting, Organisations and Society, 21, (6), 591-610 (1996).
J17. Garnsey, E. Cambridge tech success: growing high technology industry from the science base. New Economy, 262-265 (December 1995).
J18. Garnsey, E. Location of the high technology milieu: a systems approach. Cambridge University Research Papers in Management Studies no. 6, 1-34 (1996)
J19. Garnsey, E. A new theory of the growth of the firm. Proceedings, 41st International Council for Small Business World Conference, Stockholm, Sweden, 5, (June 1996).
J20. Garnsey, E., Alford, H. Innovative interaction: Supplier relations among new technology-based firms. In: New Technology-Based Firms in the 1990s; Edited by R. Oakey, Chapter 11, 130-140 (Paul Chapman, 1996).
J21. Garnsey, E., Rees, B. Discourse and enactment: gender inequality in text and context. Human Relations, 49, (8), 1041-1064 (1996).
J22. Gill, C. Environmental protection in Europe: the greening of industrial relations? Innovation; European Journal of Social Sciences, 9 (3), 459-476 (September 1996).
J23. Guido, G., O'Shaughnessy, N.J. La reversal theory: implicazioni per la pubblicita ed il marketing aziendale. Rivista Italiana di Ragioneria e di Economia Aziendale, 5, (6), 238-248 (1996).
J24. Hodgson, G.M. Corporate culture and the nature of the firm. In: Transaction Cost Economics and Beyond; Edited by J. Groenewegen, 249-269 (Kluwer, Boston 1996).
J25. Hodgson, G.M. The evolution of evolutionary economics. Scottish Journal of Political Economy, 42, (4), 469-488 (1995).
J26. Hodgson, G.M. An evolutionary theory of long-term economic growth. International Studies Quarterly, 40, 393-410 (1996).
J27. Hodgson, G.M. Organizational form and economic evolution: a critique of the Williamsonian hypothesis. In: Democracy and Efficiency in the Economic Enterprises; Edited by U.Pagano, R.E.Rowthorn, 98-115 (Routledge, 1996).
J28. Hodgson, G.M. Towards a worthwhile economics. In:
How Economists Should Do Economics; Edited by S.G.
W.J. Samuels, 103-121 (Edward Elgar, 1996).
J29. Hodgson, G.M. Varieties of capitalism and varieties of economic theory. Review of International Political Economy, 3, (3), 381-434 (1996).
J30. HOPE, C.W. Environmental reporting. In: International Encyclopedia of Business and Management; Edited by M. Warner (Routledge,1996).
J31. HOPE, C.W. Uncertainty in full fuel cycle costs. Energy Conservation and Management, 37, (6-8), 825-830 (1996).
J32. HOPE, C.W., PLAMBECK, E. PAGE95: an updated valuation of the impacts of global warming. Energy Policy, 24, (9), 783-794 (1996).
J33. JONES, M.R. Empowerment and enslavement: business process reengineering and the transformation of work. In: Information Society: New Media, Ethics and Postmodernism; Edited K.S. Gill, 147-158 (Springer, 1996).
J34. JONES, M.R. Reengineering. In: International Encyclopedia of Business and Management; Edited by M. Warner (Routledge, 1996).
J35. Kitson, M., Michie, J. Britain's industrial performance since 1960: underinvestment and relative decline. Economic Journal, 106, (434), 196-212 (1996).
J36. Kitson, M., Michie, J. Conflict, cooperation and change: the political economy of trade and trade blocks. Review of International Political Economy, 2, (4), 632-657 (1995).
J37. Kitson, M., Michie, J. Manufacturing capacity, investment, and employment. In: Creating Industrial Capacity: Towards Full Employment; Edited by J. Michie, J. Grieve Smith, 24-51 (Oxford University Press, 1996).
J38. Kling, R., Ackerman, M., Allen, J.P. Information entrepreneurialism, information technologies, and the continuing vulnerability of privacy. In: Computerization and Controversy: Value Conflicts and Social Choices; Edited by R. Kling, 2nd edition, 727-743 (Academic Press, 1996).
J39. Kling, R., Allen, J.P. Can computer science solve organizational problems? The case for organizational informatics. In: Computerization and Controversy: Value Conflicts and Social Choices; Edited by R. Kling, 2nd edition, 261-276 (Academic Press, 1996).
J40. Kling, R., Allen, J.P. How the marriage of management and computing intensifies the struggle for personal privacy. In: Computers, Surveillance, and Privacy; Edited by D. Lyon, E. Zureik, 104-131 (University of Minnesota Press, 1996).
J41. Michie, J. Creative destruction or regressive stagnation? Comments on articles by Paul Davidson and James Galbraith. International Review of Applied Economics, 10, (1), 121-126 (1996).
J42. Michie, J. Europe in figures: national income and employment. In: Economic and Industrial Performance in Europe; Edited by D. Coates, Chapter 2, 7-92 (Edward Elgar, 1995).
J43. Michie, J. European unemployment in a global recession. In: International Business and Europe in Transition; Edited by F. Burton, M. Yamin, S. Young (Macmillan, 1996).
J44. Michie, J. Privatization and regulation. In: International Encyclopaedia of Business and Management; Edited by M. Warner, 5, 4097-4106 (Routledge, 1996).
J45. Michie, J. Unemployment and economic policy. Development and International Cooperation, XII, (22), 57-69 (June 1996).
J46. Michie, J. Buckley, P. (Editors) Firms, Organizations and Contracts; A Reader in Industrial Organization (Oxford University Press, 1996).
J47. Michie, J., Grieve Smith, J. (Editors) Creating Industrial Capacity: Towards Full Employment (Oxford University Press, 1996).
J48. Michie, J., Wilkinson, F. Trades unions, productivity and unemployment. In: The Future of Labour Law; Edited by A. McColgan ISBN 1 85567 405 X (Mansell, 1996).
J49. MORGAN, N.A. Quality strategy and the role of marketing. Proceedings, American Marketing Association Winter Educators Conference, Hilton Head, SC (February 1996).
J50. MORGAN, N.A. Strategy and internal marketing. In: International Encyclopaedia of Business Management; Edited by M. Warner, 5, 4655-4672 (Routledge, 1996).
J51. MORGAN, N.A., MORGAN, R., SAMEE, S., KATSIKEAS, C. Measuring export performance. Proceedings, American Marketing Association Winter Educators Conference, Hilton Head, SC (February 1996).
J52. MORGAN, N.A., PIERCY, N. Competitive advantage, quality strategy and the role of marketing. British Journal of Management, 7, 231-245 (1996).
J53. Orlikowski, W.J., Walsham, G., Jones, M.R., DeGross, J.I. (Editors) Information Technology and Changes in Organizational Work: Proceedings of the IFIP WG8.2 Working Conference (December 1995) ISBN 0 412 64010 4 (Chapman and Hall, 1996).
J54. O'Shaughnessy, N.J. Marketing and social morality. Ethics of Marketing Colloquium, Cambridge (March 1996).
J55. O'Shaughnessy, N.J. Michael Porter's competitive advantage re-visited. Management Decision, 34, (6), (1996).
J56. O'Shaughnessy, N.J. Propaganda and political marketing. Conference on Political Marketing, Cambridge (April 1996).
J57. O'Shaughnessy, N.J. Social propaganda and social marketing - a critical difference? European Journal of Marketing, 30, (10/11), 54-67 (1996).
J58. O'Shaughnessy, N.J. Re-creating the past, the end of state dirgisme and the creation of a private university sector in Britain. In: Privatisation and the Welfare State; Edited by P. Morgan, Chapter 6 (Dartmouth Press, 1995).
J59. O'Shaughnessy, N.J. Why a flawless campaign flopped. In: British Politics 1945-1995, a Survey with Key Documents; Edited by C.Charlot, M. Charlot, B. d'Hellencourt (Editions Ophrys, Paris, 1996).
J60. Regalia, I., Gill, C. (Editors) The Position of the Social Partners on Direct Participation in Europe, Vol. II, European Foundation for the Improvement of Living and Working Conditions (Dublin Office for Official Publication of the European