College Fellows and Staff

Professor Hughes

Professor Alan Hughes

Fellow in Economics

College Room: K05

College Tel: +44 1223 7 61804

Dept. Tel: +44 1223 7 65321



Web: Department, UK~IRC

Personal Biography

Professor Alan Hughes is Director of the Centre for Business Research (CBR) and Margaret Thatcher Professor of Enterprise Studies at the Judge Business School, and, since 1973, a Fellow of Sidney Sussex College, University of Cambridge. In 2009 he was appointed Director of the UK Innovation Research Centre (UK~IRC) a joint venture between the CBR and Imperial College Business School. He was from 2000 - 2003 Director of the National Competitiveness Network of the Cambridge-MIT Institute, a joint venture between MIT and the University of Cambridge. In 2004 he was appointed by the Prime Minister to membership of the Council for Science and Technology, the UK's senior advisory body in this area.

Professor Hughes has held visiting Professorships in the USA,Japan France and Australia. His research interests, on which he has had published extensively, are concerned with industrial and technology policy; the measurement of innovation; growth, innovation and financial and acquisition characteristics of small and medium sized enterprises; analysis of the relationship between corporate takeovers, corporate governance, executive pay and business performance; training and business performance; measurement and evaluation of industrial and business support policy; the relationship between law and economics in the analysis of corporate organisation and performance. In the past 10 years he has published over 200 books, articles and chapters in books on these topics.

Professor Hughes has been invited to provide policy advice and consultancy by amongst others HM Treasury, HM Inland Revenue, the DTI, DfES, the Bank of England, Eurostat, the International Labour Organisation, the National Consumer Council, and the UN World Institute for Development Economic Research. Specific examples include: Evaluation of the impact of training on firm performance (DfES), Evaluation of the SMART scheme (DTI), Analysis of innovation activities in small firms (EU), Evaluation of the EIS and VCT Schemes (HM Inland Revenue), Analysis of Universities Spin-out Policy (Dutch Ministry of Economic Affairs), Evaluation of the Small Business Initiative (British Bankers Association), Analysis of Effect of Mutuality on Building Society Structure (Norwich and Peterborough Building Society and the Building Society Association), Analysis of Legal Reform relating to Directors Duties, (Institute of Directors and Law Commission), Background analysis for the Cruickshank report on Small Business Finance (HM Treasury).. In 2008 he was invited by Senator Kim Carr, Australian Minister for Innovation, Industry, Science and Research, to participate as expert adviser in the review of the Australian National Innovation System.

Selected Publications

Desyllas, P. and Hughes, A. (2010) 'The revealed preferences of high technology acquirers: an analysis of the characteristics of their targets', Cambridge Journal of Economics November

Cosh, A.D. Cumming,D. and Hughes,A, (2009) "Outside Enterpreneurial Capital," Economic Journal, Vol. 119(540), October pages 1494-1533

Hughes, A. (with Cosh, A., Bullock, A. and Milner, I.) (2009), SME finance and innovation in the current economic crisis, Centre for Business Research, University of Cambridge.

Hughes, A. (2009), Hunting the Snark: Some reflections on the UK experience of support for the small business sector, Innovation: Management, Policy & Practice (ISSN 1447-9338), Volume 11, Issue 1.

Hughes, A. (2009), 'Entrepreneurship and Innovation Policy: Retrospect and Prospect', Political Quarterly, (forthcoming).

Hughes, A. (2009), 'Never mind the quality feel the width: University - industry links and government financial support for innovation in small high-technology businesses in the UK and the USA', Journal of Technology Transfer Special Edition, Springer, March.

Hughes, A. (with PACEC) (2009), Evaluation of the Effectiveness and Role of HEFCE/OSI Third Stream Funding: Culture Change and Embedding Capacity in the Higher Education Sector Toward Greater Economic Impact, A report to HEFCE by PACEC and the Centre for Business Research, University of Cambridge.

Hughes, A. (with M. Abreu, V. Grinevich, M. Kitson and P. Ternouth), (2008), Universities, Business and Knowledge Exchange, Council for Industries and Higher Education and Centre for Business Research, London and Cambridge.

Hughes, A. (with A. Cosh and P. Guest) (2008), 'UK corporate governance and takeover performance', in Gugler, K. and Yurtoglu, B.B. (eds) The Economics of Corporate Governance and Mergers, Edward Elgar, Cheltenham, UK.

Hughes, A. (with A. Cosh, A. Bullock and I. Milner) (2008), Financing UK Small and Medium-sized Enterprises: The 2007 Survey, Centre for Business Research, University of Cambridge.

Hughes, A. (with P. Desyllas) (2008), 'Sourcing Technological Knowledge through Corporate Acquisition: Evidence from an International Sample of High Technology Firms', Journal of High Technology Management Research, vol. Forthcoming.

Hughes, A. (2008), �Innovation policy as cargo cult: Myth and reality in knowledge-led productivity growth�, in Bessant, J. and Venables, T. (eds), Creating Wealth from Knowledge. Meeting the innovation challenge, Edward Elgar, Cheltenham.

Hughes, A. (with PACEC) (2008), Competitiveness and Productivity of the UK Design Engineering Sector, DBERR, February.

Hughes, A. (with Grinevich, V.) (2007) The Contribution of Services and other Sectors to Australian Productivity Growth 1980-2004, Australian Business Foundation, Sydney, November.

Cosh, A. and Hughes, A. (eds.) (2007), British Enterprise: thriving or surviving?, Centre for Business Research, University of Cambridge.

Hughes, A. (2007) 'University-Industry Links and U.K. Science and Innovation Policy' in Shahid Yusuf and Kaoru Nabeshima (eds) How Universities Promote Economic Growth World Bank, Washington, D.C. 4 January.

Hughes, A. and Scott Morton, M.S. (2006), 'The transforming power of complementary assets', MIT Sloan Management Review, vol. 47, no. 4, Summer, pp. 50-58.

Cosh, A.D., Hughes, A. and Lester, R.K. (2006), 'UK plc: Just how innovative are we?', Cambridge MIT Institute, Centre for Business Research and Industrial Performance Centre.

Fu, Xiaolan, Cosh, A.D., Hughes, A., de Hoyos, R., Eisingerich, A. (2006), 'Experiences of UK Mid-Corporate Companies in Emerging Asian Economies', UK Trade&Investment, Centre for Business Research, March.

Cosh, A., Guest, P.M. and Hughes, A. (2006), 'Board Shareownership and Takeover P erformance.' Journal of Business Finance and Accounting, Vol. 33, Nos 3+4, April/May, pp459-510.

Hughes, A. and Scott Morton, Michael S. (2006), 'ICT and Productivity Growth - The Paradox Resolved', Working Paper 316.

Cosh, A., Fu, X. and Hughes, A. (2005), 'Management Characteristics, Collaboration and Innovative Efficiency: Evidence from UK Survey Data', Working Paper 311.

Dessyllas, P. and Hughes, A. (2005) 'R&D and Patenting Activity and the Propensity to Acquire in High Technology Industries', Centre for Business Research Working Paper 298.

Cosh, A., Guest, P. M. and Hughes, A. (2005) 'Board Share Ownership and Takeover Performance', Centre for Business Research.

Conn, R. L., Cosh, A., Guest, P. M. and Hughes, A.. (2005) 'The Impact on UK Acquirers of Domestic, Cross Border, Public and Private Acquisitions', Journal of Business Finance and Accounting, Vol. 32, Nos 5+6, June/July 2005.