Nottingham University Business School
  • Print
   
   

Professor Stephen Thompson

BSc (Hull), DPA (London), MA (Newcastle), PhD (Newcastle)
Professor of Strategic Management

Division: Industrial Economics
E-mail: Steve.Thompson@nottingham.ac.uk
Tel: +44 (0) 115 8466629
Location: B70 (North Building, Jubilee Campus)

Has published over 100 academic papers in the fields of managerial economics, labour economics and strategy, usually involving the application of applied econometric techniques to firm-level data. Following a PhD and several early papers exploring the M-form hypothesis, I worked on issues involving organisational form and performance in contexts that included mergers, buyouts, multinational enterprises and financial mutuals. This developed into the estimation of labour demand and productivity models. This has been interspersed with studies of pricing behaviour, competitive rivalry and an ongoing interest in the determinants of entry and exit behaviour in a variety of market contexts.

Research Interests
Quantitative studies of merger activity; executive remuneration; firm performance and competition; pricing in high-tech industries.

I am module convenor of the following modules:


MBA

Business Economics (N14M79)


Details of all modules can be found on MyNottingham


External Exminerships & Validations
2011 - 2013    Economics external, University of Newcastle
2011 - 2013    External School of Policy Studies, University College Cork, Ireland
2012 - 2013    Features issue of Economic Journal on Executive Remuneration
2009 - 2012    Chief External Examiner, University of London External Programme in Management


Published Work: Highlights
     Gregory-Smith, I.; Thompson, S.; Wright, P. (2009)., Fired or Retired? A Competing Risks Analysis of Chief Executive Turnover. Economic Journal, has been cited in several reports including the Hutton report on pay.
International Collaborations, Organisation & Contributions
- 2012    Universities of Leicester & Sheffield
- 2011    Jointly organised Conference on Innovation, to mark the retirement of Peter Swann.
- 2011    Universities of East Anglia & Brunel
I am currently supervising the following Research Students:

Yerzhan Tokbolat
 

Publications prior to 2005



Publications prior to 2005

Journal Articles

Conyon, M.; Girma, S.; Thompson, S.; Wright, P. (2004), "Do Wages Rise or Fall After a Merger?", Oxford Bulletin of Economics and Statistics, Vol.65 (5), pp.847-862.

Lockett, A.; Thompson, S. (2004), "Edith Penrose's Contribution to the Resource-Based View: An Alternative View", Journal of Management Studies, Vol.41 (1), pp.193-203.

Haynes, M.; Thompson, S.; Wright, M. (2003), "The Determinants of Divestment: A Panel Data Analysis", Journal of Economic Behavior and Organization, Vol.52 (1), pp.147-166.

Thompson, S. (2003), "Entry and Exit in a Transition Economy: The Case of Poland", Review of Industrial Organization, Vol.22 (3), pp.225-243.

Girma, S.; Conyon, M.; Thompson, S.; Wright, P. (2002), "The Impact of Mergers and Acquisitions on Company Employment in the United Kingdom", European Economic Review, Vol.46 (1), pp. 31-49.

Haynes, M.; Thompson, S.; Wright, M. (2002), "The Impact of Divestment on Firm Performance: Empirical Evidence from a Panel of UK Companies", Journal of Industrial Economics, Vol.50 (2), pp.173-196.

Thompson, S.; Conyon, M.M.; Wright, P.; Girma, S. (2002), "The Impact of Foreign Acquisition on Wages and Productivity in the UK", Journal of Industrial Economics, Vol.50, pp.85-102.

Thompson, S.; Girma, S.; Wright, P. (2002), "Why Do Foreign Firms Have Higher Wages and Labour Productivity?", Economic and Social Review, Vol.33 (1), pp.93-100.

Thompson, S.; Girma, S.; Wright, P. (2002), "Multinational Activity and CEO Remuneration", Weltwirtschaftliches Archiv, Vol.138 (4), pp.653-680.

Lockett, A.; Thompson, S. (2001), "The Resource-Based View and Economics", Journal of Management, Vol.27 (6), pp.723-754.

Thompson, S.; Conyon, M.M.; Wright, P.; Girma, S. (2001), "Do Hostile Mergers Destroy Jobs?", Journal of Economic Behavior and Organization, Vol.31, pp.459-473.

Haynes, M.; Thompson, S.; Wright, M. (2000), "The Determinants of Corporate Divestment in the UK", International Journal of Industrial Organization, Vol.18 (8), pp.1201-1222.

Thompson, S.; Baker, A. (2000), "Governance in Financial Mutuals", Managerial Finance, Vol.26, pp.36-50.

Thompson, S.; Haynes, M. (2000), "The Productivity Consequences of IT Deployment: An Empirical Evaluation of ATM Introduction", Oxford Bulletin of Economics and Statistics, Vol.62 (25), pp.631-643.

Thompson, S.; Haynes, M.; Wright, M. (2000), "The Determinants of Corporate Divestment", International Journal of Industrial Organization, Vol.18, pp.1201-1222.

Haynes, M.; Thompson, S. (1999), "The Productivity Effects of Bank Mergers: Evidence from the UK Building Societies", Journal of Banking and Finance, Vol.23, pp.825-846.

Thompson, S. (1999), "Takeovers, Joint Ventures and the Acquisition of Resources for Diversification", Scottish Journal of Political Economy, Vol.46, pp.303-318.

Thompson, S. (1999), "Increasingly Marginal Utilities: Cash Flow and Diversification", Review of Industrial Organization, Vol.15, pp.25-42.

Thompson, S.; Haynes, M. (1999), "The Impact of Bank Mergers on Labour Demand: Evidence from the UK Building Mutual Sector", Journal of Banking and Finance, Vol.23, pp.825-846.

Thompson, S.; Haynes, M. (1999), "Merger Activity and Employment: Evidence from UK Building Mutual Sector", Empirica, Vol.26, pp.39-54.

Thompson, S.; Soper, J. (1999), "The Offspring of Economics at Work in Business", Business Economist, Vol.30, pp.31-54.

Thompson, S. (1997), "Takeover Activity Among Financial Mutuals: An Analysis of Target Characteristics", Journal of Banking and Finance, Vol.21, pp.37-53.

Thompson, S. (1997), "Mergers Without Equity Markets: A Study of the Acquisitions Process in Financial Mutuals", Journal of Institutional and Theoretical Economics, Vol.152, pp.342-59.

Wright, M.; Thompson, S.; Robbie, K. (1996), "Buy-ins, Buy-outs, Active Investors and Corporate Governance", Corporate Governance: An International Review, Vol.4 (4), pp.222-234.



Books

Keasey, K.; Thompson, S.; Wright, M. (2004), ed Corporate Governance Series, Edward Elgar.

Keasey, K.; Thompson, S.; Wright, M. (2004), ed Corporate Governance: An International Perspective, London, Wiley.

Keasey, K.; Thompson, S.; Wright, M. (1999), Introduction. Corporate Governance, Vols I, II, III, IV.

Keasey, S.; Thompson, S.; Wright, M. (Eds). (1997), Corporate Governance: Economic, Financial and Management Issues, Oxford University Press, Revised version in process for 2003.



Chapters in Books

Thompson, S.; Conyon, M.; Sourafel, G.; Wright, P. (2003), "Competition, Monopoly and Corporate Governance: Essay in Honour of Keith Cowling", in Waterson, M and Elgar, E (ed) Competition, Monopoly and Corporate Governance: Essay in Honour of Keith Cowling, p.2.

Thompson, S.; Conyon, M.M.; Girma, S.; Wright, P. (2003), "Multinational Firms and Labour", in Waterson, M. (ed) Essays in Honour of Keith Cowling, Edward Elgar.

Haynes, M.; Thompson, S. (2000), "Productivity, Employment and the IT Paradox: Evidence from Financial Services", in R. Barrell, G. Mason and M. O'Mahoney (ed) Productivity, Innovation and Economic Performance, Cambridge University Press.

Thompson, S.; Haynes, M. (2000), "The IT Productivity Paradox: Evidence from Financial Services", in Barrell, R.; O'Mahony, M.; Mason, G. (ed) Productivity and Competitiveness, NIESR/Cambridge University Press.

Thompson, S.; Haynes, M.; Wright, M. (1999), "Sources of Venture Capital Deals: MBOs. IBOs and Corporate Refocusing", in Wright, M.; Robbie, K. (ed) Management Buy-outs and Venture Capital, Edward Elgar.

Wright, M.; Robbie, K.; Thompson, S. (1998), "Corporate Restructuring, Buy-outs and Managerial Equity: The European Dimension", in J Stern, D Chew (ed) The Revolution in Corporate Finance, Oxford Blackwell Business.

Thompson, S. (1997), "Corporate Restructuring Buy-outs and Governance", in Corporate Governance and Privatisation.

Wright, M.; Keasey, K.; Thompson, S. (1997), "Buy-outs and Venture Capital and Corporate Governance in CEE", in Corporate Governance.



Conferences

Girma, S.; Thompson, S.; Wright, P. 2003, "Corporate Governance Reforms and Executive Compensation", at Royal Economic Society, University of Warwick, April 2003.

Grima, S.; Thompson, S.; Wright, P. 2003, "Corporate Governance Reforms and Executive Compensation", at Royal Economic Society, University of Warwick, April 2003.

Thompson, S. 2003, "The Impact of Corporate Governance Reforms on the Determination of Executive Remuneration: The Impact of Cadbury", at European Association for Research in Industrial Economics, August, Helsinki.

Thompson, S. 2002, "Merger Activity and Executive Pay", at Royal Economic Society, University of Warwick, March 2002.

Thompson, S. 2002, "Productivity and Firm Turnover in a Transition Economy: the Case of Poland", at Conference on Efficiency and Productivity, Management Centre, University, April 2002.

Thompson, S. 2001, "CEO Remuneration and Multinational Activity", at Network of Industrial Economists Meeting, University of Birmingham, December 2001.

Thompson, S. 2001, "The Impact of Foreign Acquisitions on Wages and Productivity in the UK", at 28th EARIE Conference, Trinity College Dublin, Ireland, August 2001.



Discussion Papers

Lockett, A.; Thompson, S. 2001, "The Resource-Based View & Economics", Nottingham University Business School Discussion Paper, Nottingham University Business School.



Publications from 2005 to the present day

Journal Articles

Haynes, M.; Thompson, S. (2016), "The value of Online Seller Reputation: Evidence from a Price Comparison Site", Managerial and Decision Economics, Vol.38 (3), pp. 302-313.

Gregory Smith, I.; Thompson, S.; Wright, P. (2014), "Say on Pay after the Crisis: The Utility Industries", Network Industries Quarterly, Vol.16 (3), pp. 16-18.

Gregory-Smith, I.; Thompson, S.; Wright, P. (2014), "CEO pay and voting dissent before and after the crisis", Economic Journal, Vol.124 (574), pp. 22-39.

Haynes, M.; Thompson, S. (2014), "Hit-and-Run or Sit and Wait? Contestability Revisited in a Price Comparison Site-Mediated Market", International Journal of the Economic of Business, Vol.21 (2), pp. 165-190.

Haynes, M.; Thompson, S.; Wright, P. (2014), "New Model Introductions, Cannibalization and Market Stealing: Evidence from Shopbot Data", The Manchester School, Vol.82 (4), pp. 385-408.

Haynes, M.; Thompson, S. (2013), "Entry and Exit Behavior in the Absence of Sunk Costs: Evidence from a Price Comparison Site", Review of Industrial Organization, Vol.42 (1), pp. 1-23.

Windrum, P.; Thompson, S.; Battisti, G. (2013), "Introduction to the special issue in honour of Peter Swann", Economics of Innovation and New Technology, Vol.22 (3), pp. 219-221.

Haynes, M.; Thompson, S. (2012), "The Economic Significance of User-Generated Feedback", International Journal of the Economic of Business, Vol.19 (1), pp. 153-166.

Haynes, M.; Thompson, S. (2012), "Developments in Electronic Markets: An Introduction", International Journal of the Economic of Business, Vol.19 (1), pp. 99-102.

Lockett, A.; Thompson, S. (2010), "Through the looking glass: contestability theory and the resource-based view", Journal of Management Inquiry, Vol.19 (2), 98-108.

Gregory-Smith, I.; Thompson, S.; Wright, P. (2009), "Fired or Retired? A Competing Risks Analysis of Chief Executive Turnover", Economic Journal, Vol.119(536) March 2009, pp. 463-482.

Lockett, A.; Thompson, S.; Morgenstern, U. (2009), "The Development of the Resource Based View on the firm: a critical appraisal", International Journal of Management Reviews, Vol.11(1), pp. 9-28.

Thompson, S. (2009), "Grey Power: An Empirical Investigation of the Impact of Parallel Imports on Market Prices", Journal of Industry, Competition and Trade, Vol.9 (3), pp. 219-232.

Haynes, M.; Thompson, S. (2008), "Price, Price Dispersion and Number of Sellers at a Low Entry Cost Shopbot", International Journal of Industrial Organization, Vol.26, pp. 459-72.

Roberts, B.; Thompson, S.; Mikolajczyk, K. (2008), "Privatisation, Foreign Acquisition and the Motives for FDI in Eastern Europe", Review of World Economics, Vol.144, pp. 408-27.

Thompson, S. (2008), "Price Competitiion in the Presence of Rapid Innovation and Imitation", Economics of Innovation and New Technology, Vol.18 (1), pp. 93-106, DOI:10.1080/10438590701672165.

Thompson, S.; Thompson, M. (2008), "Intra-Industry Differences in Vertical Integration, Heterogeneous Costs and Pricing", Empirica, Vol.35 (5), pp. 503-523.

Amess, K.; Brown, S.; Thompson, S. (2007), "Management Buyouts, Supervision and Employee Discretion", Scottish Journal of Political Economy, Vol.54 (4), pp. 447-474.

Girma, S.; Thompson, S. (2007), "Control Transactions: Productivity, Wage and Employment Implications: An Introduction", International Journal of the Economics of Business, Vol.14, pp. 153-59.

Girma, S.; Thompson, S.; Wright, P. (2007), "Corporate governance and executive compensation determination: Evidence from the U.K", The Manchester School, Vol.75, pp. 65-81.

Haynes, M.; Thompson, S.; Wright, M. (2007), "Executive Remuneration and Corporate Divestment: Motivating Managers to Make Unpalatable Decisions", Journal of Business Finance and Accounting, Vol.34(5-6), pp.792-818.

Roberts, B.; Thompson, S. (2007), "Firm Turnover, Restructuring and Labour Productivity in Transitions: The Case of Poland", Applied Economics, Vol.41, pp. 1127-36, forthcoming 2007.

Girma, S.; Thompson, S.; Wright, P. (2006), "International acquisitions, domestic competition and firm performance", International Journal of the Economics of Business, Vol.13 (3), pp. 335-349.

Morgan, E.; Swann, G.M.P.; Estrin, S.; Markides, C.; Morris, D.; Thompson, S. (2006), "Paul Geroski, 18 October 1952 - 28 August 2005: An Appreciation", International Journal of the Economic of Business, Vol.13(1), pp. 1-12.

Thompson, S.; Girma, S.; Wright, P. (2006), "The Impact of Merger Activity on Executive Pay in the UK", Economica, Vol.73 (290), pp.321-339.

Thompson, S.; Thompson, M. (2006), "Pricing in a Market without Apparent Horizontal Differentiation", Economics of Innovation and New Technology, Vol.15 (7), pp. 649-663.

Thompson, S. (2005), "The Impact of Corporate Governance Reforms on the Renumeration of Executives in the UK", Corporate Governance: An International Review, Vol.13 (1), pp.19-25.

Thompson, S.; Wright, M. (2005), "Edith Penrose's Contribution to Strategy and Economics", Managerial and Decision Economics, Vol.26, pp.57-66.



Chapters in Books

Thompson, S.; Lockett, A. 2009, "Transaction Cost Economics", in Advanced Strategic Management, Palgrave Macmillan Ltd.

Girma, S.; Thompson, S.; Wright, P. 2005, "Empirical Evidence on Foreign Ownership and Productivity Growth", in Globalisation and Productivity Growth, Palgrave Publishing, pp.79-91.

Haynes, M.; Thompson, S.; Wright, M. (2005), "Divestment, Remuneration and Corporate Governance in Mature Firms", in Filatochev, I.; Wright, M. (ed) The Life-Cycle of Corporate Governance, Edward Elgar.



Conferences

Nasirov, S.; Li, C.; Thompson, S. 2017, "Managerial Aspects of Differentiation Strategy: Evidence From the Analysis of Trademark Statistics", in Strategic Management Society (SMS) Conference, Milan.

Nasirov, S.; Li, C.; Thompson, S. 2016, "Managerial Aspects of Differentiation Strategy: Evidence from the Analysis of Trademark Statistics", in European Policy for Intellectual Property (EPIP) Annual Conference, Oxford University.

Haynes, M.; Thompson, S. 2009, "Hit-and-Run or Sit and Wait? Contestability Revisited in a Shopbot Mediated Market", at EARIE Conference, Ljubljana.



Reports for external body

Curran, P.; Bolton, L.; Butler, M.; Glennie, J.; Henry, A.; Lee, K.; Thompson, S.; Turner, N. 2015, "Review body on doctors' and dentists' remuneration", in Contract reform for consultants and doctors' & dentists' in training -supporting Healthcare Services seven days a week, pp 108.

Curran, P.; Bolton, M.; Butler, M.; Glennie, J.; Henry, A.; Lee, K.; Thompson, S. 2015, "Review Body on Doctors' and Dentists' remuneration", in 43rd Annual Report 2015, pp 153.

Curran, P.; Bolton, L.; Butler, M.; Glennie, J.; Henry, A.; Lee, K.; Thompson, S.; Turner, N. 2014, "Review Body on Doctor's and Dentists' Remuneration: 42nd Annual Report", in 42nd Annual Report, pp. 174.

 

 

Nottingham University Business School

Jubilee Campus
Nottingham
NG8 1BB

telephone: +44 (0) 115 846 6602
fax: +44 (0) 115 846 6667
email: business-enquiries@nottingham.ac.uk