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Markets, Innovation and Competition

iSPER Themed Research Group

In many ways, market economies are more dominant today than ever before in history. Markets have generated wealth and spurred innovation. However, they are also made responsible for causing financial instability, environmental deterioration, and the decline of whole regions, to name but a few criticisms. This gives rise to a range of connected issues to be analysed by MIC – the Markets, Innovation and Competition Themed Research Group.

Please contact MIC Research Group Dr Steven Brand if you are interested in working with MIC.

Our publications

Our working papers

Autumn 17 seminars

Spring 17 seminars

MIC Seminars – Spring 2018

Details of the first MIC seminar in Spring 2018 are below. The full Spring programme is currently in development but we will be posting further details shortly. For further details on the programme please contact Dr Fangya Xu.

Wednesday 14 March – Professor Max Munday (Cardiff Business School) – How serious is a devolved data deficit? – 16:00 - 17:30

Professor Max Munday discusses whether there is appropriate economic intelligence available at the sub-national level to inform decisions on economic policy making. More information can be found on our spring programme page.

MIC Seminars – Autumn 2017

Details of the first MIC seminar in Autumn 2017 are below. The full Autumn programme is currently in development but we will be posting further details shortly. For further details on the programme please contact Dr Fangya Xu.

Wednesday 4 October - Neil Smith (Plymouth University) Mr Godley, Mr Forrester and Stock-Flow Consistent modelling through the lens of System Dynamics - 16.00 - 17.30, Room 404, Cookworthy Building, Plymouth University.

Neil Smith presents his paper on Stock-Flow Consistent Modelling and Systems Dynamics... More information can be found on our autumn programme page.

Wednesday 18 October - Dr Mike Felgenhauer - The (face) value of (non-) manipulable arguments - 16.00 - 17.30, Room 401 Cookworthy Building

This paper studies quality requirements for different types of arguments... More information can be found on our autumn programme page.

Wednesday 1 November - Dr Simon Ashby - Operational Risk and Reputation in Financial Institutions: Does Media Tone Make a Difference? - 16:00 - 17:30, Cookworthy Building 401.

This paper examines the equity-based and debt-based reputational effects of financial sentiment tones in operational risk announcements... More information can be found on our autumn programme page.

MIC Seminars – Spring 2017

Below is a list of the seminars that were organised by MIC in Spring 2017. Further details, including full abstracts and, where available relevant papers, can be found on our Spring 2017 seminar programme page.

Wednesday 8 March 2017 – Dr Panagiotis Tziogkidis (Plymouth University) – The Global Innovation Index – Measurement and Implications – 16:00 – 17:30, Cookworthy Building 404.

This paper investigates the plausibility of the practice of equal weighting in the Global Innovation Index... More information can be found on our spring programme page.

Wednesday 29 March 2017 – Professor Kent Matthews (University of Cardiff) – ‘Run for home’ – SME Lending and the Head Quarters –16:00 – 17:30, Cookworthy Building 401.

This paper is aimed at two strands of the empirical literature in banking... More information can be found on our spring programme page.

Wednesday 3 May 2017 – Professor Marian Rizov (University of Lincoln) – Internet, Productivity, and Market Structure – 14.00 -15.30, Cookworthy Building 404.

This paper investigates the role of the internet on firms' productivity and market structure... More information can be found on our spring programme page.

Friday 19 May 2017 – Dr Peng Wang (University of Southampton) – Do Qualified Foreign Institutional Investors Improve the Informational Efficiency of Stock Prices in China? – 11.15 - 12.45, Cookworthy Building 401.

This study investigates the impact of investments by qualified foreign institutional investors (QFIIs) on the informational efficiency... More information can be found on our spring programme page.

Wednesday 24 May 2017 – Professor Rebecca Boden (University of Tampere, Finland) – Universities Challenged: the Entry of Private Providers into UK Higher Education – 15:30 – 17:00, Cookworthy Building 502. Please note: the time and venue has been amended from that which was originally advertised.

There is a significant degree of policy and organisational isomorphism in the global higher education reform landscape... More information can be found on our spring programme page.

Wednesday 31 May 2017 – Professor Robert McMaster (University of Glasgow) – Reconfiguring Economic Democracy - 14.00 - 15.30, Cookworthy Building 505.

This paper argues that economic democracy has to be rethought as a concept... More information can be found on our spring programme page.

MIC research strands

The different strands of MIC connect more fundamental issues, such as the question of how to organise interaction between individuals in the presence of private information, with more specific ones, such as how regulators can step in to foster and keep up a financial and economic environment that is functioning, fair, competitive and sustainable. The group analyses financial market interdependence and integration, investigate innovation strategies, and relate competition in markets to competition between regions and countries. The different strands of MIC integrate research on economic behaviour, financial markets, and government policy and regulation. The global dimension of MIC focuses on how firms and governments manoeuvre in an internationally competitive environment.

MIC consists of three key research strands:

Finance and Economic Behaviour (including: Dr Mike Felgenhauer, Professor Peijie Wang):

market interaction in the presence of private information and the value of arguments
corporate information disclosure rules and the behaviour of investors and firms
corporate innovation strategies, information disclosure, and financial markets.

Manoeuvring in an Internationally Competitive Environment (including: Dr Basel Awartani, Dr Ahmed El-Masry, Professor Salima Paul, Professor Peijie Wang):

international competitiveness, international finance, and FDI
national innovation policies and international competitive advantage
financial market interdependence, international transmission mechanisms, and linkages between equity and commodity markets
risk management.

Regional Development, Environmental Protection, and International Cooperation (including: Dr James Benhin, Professor Paul Bishop, Dr Steven Brand and Dr Alexander Haupt):

regional growth, industrial diversity, and regional entrepreneurship
international and interregional competition for firms, capital and skilled workers
international cooperation, environmental policy, and innovation.