Research in Accounting and Finance

Explore the research of academics in the Department of Accounting and Finance, based within the Business School.

Research approach

We promote an active and interdisciplinary research environment which fosters collaborative research within the university and externally.

Research areas

  • Accounting

    The Accounting group aims to:

    • undertake high-quality impactful research that meets the emerging agendas of the wider community of business, education and government
    • engage in leading-edge cross-disciplinary research in all areas, including accountability, governance, and performance management in private, public, and non-profit organisations
    • use and apply our research to inform teaching and assessment at all levels.

    Current research themes

    Our research has been published in major academic journals and research monographs.

    Current themes include:

    • the political economy of accounting, including the accounting profession and regulation
    • social, environmental and ethical accountability and sustainability reporting
    • accountability, governance, and performance management of public-private partnerships, public and non-profit organisations
    • performance management and control in the delivery of major infrastructure programmes
    • public sector accounting reforms in emerging and developed economies
    • data and analytics in accounting, especially auditing
    • positive and capital market-based accounting research
    • corporate governance and executive compensation.

    In addition, we have strong links with all six UK professional accountancy bodies: ACCA, CAI, CIMA, CIPFA, ICAEW, and ICAS. We embrace the interests of these bodies to maximise the relevance of our research activities to accounting practice.

  • Finance

    The financial system is undergoing a series of structural changes, under close scrutiny from policy makers and public stakeholders.

    The industry faces many challenges. For instance, regulatory changes to the banking system need to ensure financial institutions remain solvent by building up sufficient reserves. We must also improve our understanding of complex financial derivatives that have been under attack because they often leave banks and private investors with risks that are difficult to assess.

    Innovative solutions to these issues are crucial; research related to risk management standards, banking regulation, performance measurement and corporate governance are top of our agenda.

    Our research has an international focus, with particular emphasis on practical problems relevant to market practitioners and policymakers.

    We develop risk and pricing models that are used in the industry; most recently, we contributed to the design and pricing of complex financial products and our contributions have led to improvements in the risk management of popular financial innovations such as variance swaps.

    Business finance

    Our business finance research combines traditional corporate finance with entrepreneurship perspectives.

    We focus on company finances in both public, small to medium enterprises (SMEs), and management buyouts (MBOs).

    We also examine initial public offerings (IPOs) and roles of venture capital in transition from private to public ownership.

    Some of our recent projects examine market abuse and misconduct in the finance industry.

    Banking

    Our research in banking includes issues in bank competition and efficiency, regulation and bank restructuring. We address many of the challenges of the recent financial crisis by influencing policy decisions, as well as contributing to international conferences and forums.

    We develop theoretical and empirical models to examine the roots of the financial crises, with a special emphasis on bank regulation. Experts in our group publish in highly-ranked journals and frequently act as consultants for banks, asset managers, software companies, exchanges and governments.

    We work in close cooperation with colleagues from other departments to develop solutions to current issues in finance, combining theories of finance with methods of financial economics or organisational behaviour to address issues relating to risk management and performance across private, public and non-profit organisations.

    Research projects

    Our staff are involved in a range of research projects, including:

    • quantile uncertainty and value-at-risk model risk
    • management models and priorities in member associations: is credit unions’ community involvement crowded-out?
    • advancing the universality of quadrature methods to any underlying process for option pricing
    • cross-border acquisitions of state-owned enterprises.

Research groups

We also have academics in three research groups, which cut across the traditional subjects and involve staff beyond the department:

All provide dedicated research and consultancy services in relation to the area of expertise.

Specific areas of research expertise include:

  • quantile uncertainty and value-at-risk model risk
  • quadrature methods to any underlying process for option pricing
  • bank competition and efficiency, regulation and bank restructuring
  • commodity finance
  • the political economy of accounting, including the accounting profession and regulation
  • social, environmental and ethical accountability and sustainability reporting
  • accounting, accountability and governance in/of public-private partnerships, public and non-profit organisations.

Latest publications

These are the five most recent publications added to Sussex Research Online (SRO).

See the full list for the current calendar year.


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