Professor Alistair Bruce - Publications

The following lists my publications from 1996 to the present day.

Journal Articles

Bruce, A.; Johnson, J.; Peirson, J.(2011)., "Recreational versus Professional Bettors: Performance Differences and Efficiency Implications", Economics Letters.

Bruce, A.; Johnson, J.; Tang, L.(2011)., "'Informed Agent Behaviour and the Explanatory Power of Trading Volume in a Market for State-Contingent Claims'", European Journal of Finance, Vol.17 (3), pp. 197-216.

Johnson, J.; Bruce, A.; Yu, J.(2010)., "The Ordinal Efficiency of Betting Markets: an exploded logit approach", Applied Economics, Vol.42, pp. 3703-3710.

Bruce, A.; Johnson, J.; Peirson, J.; Yu, J.(2009)., "An examination of the determinants of biased behavior in a market for state contingent claims", Economica, Vol.76 (302), pp. 282-303.

Bruce, A.; Skovoroda, R.; Fattorusso, J.; Buck, T.(2007)., "Executive Bonus and Firm Performance in the UK", Long Range Planning, Vol.40 (3), pp. 280-294.

Fattorusso, J.; Skovoroda, R.; Buck, T.; Bruce, A.(2007)., "UK Executive Bonuses and Transparency - A Research Note", British Journal of Industrial Relations, Vol.45 (3), pp. 518-536.

Bruce, A.; Buck, T.; Main, B.(2005)., "Top Executive Remuneration: A View from Europe", Journal of Management Studies, Vol.42 (7), pp. 1493-1506.

Bruce, A.; Johnson, J.(2005)., "Market Ecology and Decision Behaviour in a State - Contingent Claims Market", Journal of Economic Behavior and Organization, Vol.56 (2), pp.199-217.

Faria, A.; Fenn, P.; Bruce, A.(2005)., "Production Technologies and Technical Efficiency: Evidence from Portuguese Manufacturing Industry", Applied Economics, Vol.37, pp.1037-1046.

Buck, T.; Bruce, A.; Main, B.; Udueni, H.(2003)., "Long-Term Incentive Plans, Executive Pay and UK Company Performance", Journal of Management Studies, Vol.40 (7), pp.1709-1727.

Faria, A.P.; Fenn, P.; Bruce, A.(2003)., "A Count Data Model of Technology Adoption", Journal of Technology Transfer, Vol.28 (1), pp.63-86.

Faria, A.; Fenn, P.; Bruce, A.(2002)., "Determinants of Adoption of FPTs Evidence from Portuguese Manufacturing Industry", Economics of Innovation and New Technology, Vol.11 (6), pp.569-580.

Bruce, A.; Johnson, J.E.V.(2001)., "Efficiency Characteristics of a Market for State-Contingent Claims", Applied Economics, Vol.33, pp.1751-1754.

Johnson, J.E.V.; Bruce, A.(2001)., "Calibration of Subjective Probability Judgements in a Naturalistic Setting", Organizational Behavior and Human Decision Processes, Vol.85 (2), pp.265-290.

Bruce, A.; Main, B.G.; Buck, T.; Udueni, H.(2000)., "Keep it Simple: Company Law and Directors", Hume Papers in Public Policy, Vol.8 (1), pp.92-110.

Bruce, A.C.; Johnson, J.(2000)., "Market Efficiency Analysis Requires a Sensitivity to Market Characteristics: some observations on a recent study of Betting Market Efficiency", Applied Economics Letters, Vol.5, pp.199-202.

Bruce, A.C.; Johnson, J.(2000)., "Investigating the Roots of the Favourite-Longshot Bias: An Analysis of Decision-Making by Supply and Demand Side Agents in Parallel Betting Markets", Journal of Behavioral Decision-Making, Vol.13, pp.413-430.

Poutziouris, P.; Binks, M.; Bruce, A.(1999)., "A Problem-Phenomenological Growth Model for Small Manufacturing Firms", Journal of Small Business and Enterprise Development, Vol.6 (2), pp.139-153.

Bruce, A.C.; Johnson, J.(1998)., "The Complex Decision: Insights from Naturalistic Research", International Journal of Project and Business Risk Management, Vol.1, pp.403-416.

Johnson, J.; Bruce, A.C.(1998)., "Risk Strategy under Task Complexity:", Journal of Behavioral Decision-Making, Vol.11, pp.1-17.

Bruce, A.C.; Johnson, J.(1997)., "The Analysis of Risky Decision Making: Methodological Issues and Implications", International Journal of Project and Business Risk Management, Vol.1(3), pp.287-298.

Bruce, A.C.; Johnson, J.(1997)., "A Probit Model for Estimating the Effect of Complexity on Risk-taking", Psychological Reports, Vol.80, pp.763-772.

Johnson, J.E.V.; Bruce, A.C.(1997)., "An Empirical Study of the Impact of Complexity on participation in horserace betting", Journal of Gambling Studies, Vol.13, pp.159-172.

Bruce, A.C.; Johnson, J.E.V.(1996)., "Decision-Making Under Risk: Effect of Complexity on Performance", Psychological Reports, Vol.79, pp.67-76.

Bruce, A.C.; Johnson, J.E.V.(1996)., "Gender-based differences in leisure activity: performance, risk-taking and confidence in off-course betting", Leisure Studies, Vol.15, pp.65-78.

Main, B.G.M.; Bruce, A.C.; Buck, T.(1996)., "Total Board Remuneration and Company Performance", Economic Journal, Vol.106 (439), pp.1627-1644.

Books

Johnson, C.; Bruce, A.(2008), Decisions: Risk and Reward, Routledge.

Chapters in Books

Sung, M.; Johnson, J.; Bruce, A.(2005)., "Searching for Semi-Strong Form in Efficiency in the Uk Racetrack Betting Marketing", in Vaughan Williams, L. (ed) Information Efficiency in Financial and Betting Markets, pp. 179-192, Cambridge University Press.

Bruce, A.; Johnson, J.(2002)., "Investigating Betting Behaviour: A Critical Discussion of Alternative Methodological Approaches", in L Vaughan Williams (ed) The Economics of Gambling, pp.224-246.

Bruce, A.C.; Buck, T.(1997)., "Executive Reward and Corporate Governance", in K Keasey, S Thompson, M Wright (ed) Corporate Governance, pp.80-102, Oxford University Press.

Conferences

Bruce, A.; Johnson, J., 2005, "On Track Versus Off Track Betting: On Investigation of Differential Performance", at European Association for Study of Gambling Conference, Nova Gorica, Slovenia.

Bruce, A.; Johnson, J., 2005, "Trading Volume and Betting Market Efficiency: The Role of Insiders", at European Association for Study of Gambling Conference, Malmo, Sweden, July 2005.

Bruce, A.; Johnson, J., 2003, "The Role of Trading Volume Information in Explaining Horserace Outcomes: A Technical Analysis Perspective", at 12th International Conference on Gambling and Risk Taking, Vancouver, Canada, May 2003.

Bruce, A.; Johnson, J., 2003, "The Value of Volume: Efficiency Characteristics of a Parimutuel Market", at University of Louisville's Third International Equine Industry Program Academic Conference, USA, June 2003.

Bruce, A.; Johnson, J.E.V., 2002, "Behaviour in UK Betting Markets: Biased Judgements by Bettors or Market Manipulation by Bookmakers?", at 5th European Conference on Gambling Studies and Policy Issues, Barcelona, October 2002.

Bruce, A.; Johnson, J.E.V., 2002, "The Predictive Capacity of Odds in Horserace Betting Markets: The Role of Trading Volume", at 5th European Conference on Gambling Studies and Policy Issues, Barcelona, October 2002.

Skovoroda, R.; Main, B.; Buck, T.; Bruce, A., 2002, "Executive Pay in UK and US, Incentives and Firm Risk", at Postgraduate School of Statistical Methods in Finance and Industry, Universite` de Reims, France.

Bruce, A.C.; Johnson, J.E.V., 1998, "Decision-making Anomalies in Financial Markets: New Insights Into the "Favourite-Longshot Bias"", at European Association for Study of Gambling, Munich, Germany.

Bruce, A.C.; Johnson, J.E.V., 1996, "Market Power in British Pari-Mutuel and Bookmaker-Based Horserace Betting Market: An Empirical Analysis", at European Association for Study of Gambling, Cambridge, UK.

Discussion Papers

Bruce, A.; Johnson, J.E., 1998, "Decision-making anomalies in financial markets: new insights into the "favourite-longshot bias"", Nottingham University Business School Discussion Paper, Nottingham University Business School.

Bruce, A.; Johnson, J.E., 1996, "Market Power in British Pari-Mutuel and Bookmaker based Horserace Betting markets: An Empirical Analysis", Nottingham University Business School Discussion Paper, Nottingham University Business School.