Dr Adam Leaver

Research Interests

Adam's PhD thesis was on the development of, and prospects for, the UK organic agricultural sector. Adam then began researching the interaction between capital markets, firms and households, and the effects of 'financialization'. This formed the basis for numerous journal articles and two co-authored books. Adam's research developed after the crash of August 2007 to explore the process and outcomes of financial innovation. He has subsequentely written papers on the risks of securitization and derivatives markets, the competing metaphors around hedge fund activity and the process of value extraction in private equity.

Adam retains a research interest in financial innovation and the operations of financial markets more broadly. His recent work centres on the disruptive effects of crisis on national business models.

Adam is a senior lecturer in Financial Innovation and Business Analysis in the PMO Division at Manchester Business School.

I am an associate editor of the 'Competition and Change' journal

Working papers

Showing 64 publication(s)

Authored book

• Engelen, E., Erturk, I., Froud, J., Leaver, A., Moran, M. and Williams, K. After The Great Complacence: Financial Crisis and the Politics of Reform. Oxford: Oxford University Press, 2011. eScholarID:124432

• Froud, J., Johal, S., Leaver, A., Williams, K. Financialization and Strategy: Narrative and Numbers. London: Routledge, 2006. eScholarID:70008

Edited book

• Erturk, I, Froud, J., Johal, S., Leaver, A., Williams, K. Erturk, I, Froud, J., Johal, S., Leaver, A., Williams, K. ed. Financialization at Work. London: Routledge, 2008. eScholarID:70007

Book contribution

• New Political Economy Network. "Rotten Banks." In Britain’s Broken Economy – And How To Mend It, London: Soundings/Guardian/LW books, 2010. eScholarID:136019

• "Private Equity and the Credit Crunch." In Crash! A View From The Left, 48-59. London: LW Books, 2009. eScholarID:125934

• Froud, J., Leaver, A., Tampubolon, G. and Williams, K. "Everything for sale: how non-executive directors make a difference." In Remembering Elites, ed. Savage, M. and Williams, K, Oxford: Blackwells/Sociological Review, 2008. eScholarID:70034

• Froud, J., Leaver, A., Williams, K. and Zhang, W. "The quiet panic about financial illiteracy." In Global Finance after Deregulation, ed. Assasi, L et al, London: Palgrave, 2006. eScholarID:69997

Journal article

• Andrew Bowman, Ismail Erturk, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran & Karel Williams. "Central Bank-Led Capitalism?" Seattle University Law Review 36, no. 2(2013) : 455-487. eScholarID:193511

• Ertürk, I., Froud, J., Leaver, A., Williams, K. "Accounting for national success and failure: rethinking the UK case." Accounting Forum(2012) . eScholarID:151771 | DOI:10.1016/j.accfor.2012.01.004

• Julie Froud, Sukhdev Johal, Adam Leaver, and Karel Williams. "Financialization across the Pacific: manufacturing cost ratios, supply chains and power." Critical Perspectives In Accounting(2012) . eScholarID:151774

• Erturk, I., Froud, J., Leaver, A., Moran, M., Williams, K. "Haldane’s Gambit: political arithmetic and/or a new metaphor." Journal of Cultural Economy(2012) . eScholarID:136016

• Erturk, I., Froud, J., Leaver, A., Moran, M., Williams, K. "Misrule of experts? The financial crisis as elite debacle." Economy and Society(2012) . eScholarID:136013

• Langley, P. & Leaver, A. "Remaking retirement investors: Behavioural economics and defined-contribution occupational pensions." Journal of Cultural Economy(2012) . eScholarID:136015 | DOI:10.1080/17530350.2012.691893

• Erturk, I., Leaver, A. Williams, K. "Changing the Metaphor: finance as circuit." Socio-Economic Review 9, no. 3(2011) . eScholarID:124422

• Leaver, A. "A Different Take: Hollywood’s unresolved business model." Review of International Political Economy 17, no. 3(2010) : 454-480. eScholarID:124426 | DOI:10.1080/09692290903260249

• Erturk, I., Leaver, A., Williams, K. "Hedge Funds as War Machine." New Political Economy 15, no. 1(2010) : 9-28. eScholarID:124425 | DOI:10.1080/13563460903553566

• Froud, J. Johal, S., Leaver, A. and Williams, K. "Private Equity and the Political Division of Ownership." Organisation 17, no. 5(2010) : 543-561. eScholarID:124423 | DOI:10.1177/1350508410372929

• Engelen, E., Erturk, E., Froud, J., Leaver, A. and Williams, K. "Reconceptualising financial innovation: frame, conjuncture and bricolage." Economy & Society 39, no. 1(2010) : 33-63. eScholarID:124427 | DOI:10.1080/03085140903424568

• Leaver, A and Montalban, M. "Sanofi-Aventis and the Complexity of Capitalist Organisation." Competition and Change 14, no. 1(2010) : 1-22. eScholarID:124424 | DOI:10.1179/102452910X12587274067999

• Froud, J., Leaver, A., Nilsson, A. and Williams, K. "Narratives and the financialised firm." Kölner Zeitschrift für Soziologie und Sozialpsychologie 49(2009) : 288-304. eScholarID:124429

• Leaver, A. "Private Equity and the Credit Crunch." Soundings -London- Lawrence and Wishart- 41(2009) . eScholarID:26222 | DOI:10.3898/136266209787778885

• Froud, J., Johal, S., Leaver, A., Phillips, R. and Williams, K. "Stressed by choice: a business model analysis of the BBC." British Journal of Management 20(2009) : 252-264. eScholarID:26109 | DOI:10.1111/j.1467-8551.2008.00564.x

• Faulkner, S., Leaver, A., Vis, A., Williams, K. "Art For Arts Sake, or Selling Up?" European journal of communication 23, no. 3(2008) : 295-317. eScholarID:25964 | DOI:10.1177/0267323108092537

• Erturk, I, Froud, J., Johal, S., Leaver, A., Williams, K. "Corporate governance and impossibilism." Journal of Cultural Economy 1, no. 2(2008) : 109-128. eScholarID:69941 | DOI:10.1080/17530350802243503

• Erturk, I., Froud, J., Leaver, A., Williams, K. "Against Agency: a positional critique." Economy and Society 36, 1(2007) . eScholarID:1b10126 | DOI:10.1080/03085140601089903

• Leaver, A., Johal, S. "Is the Stock Market a Disciplinary Institution? French Giant Firms and the Regime of Accumulation." New Political Economy 12(3)(2007) . eScholarID:1b10284

• Froud, J., Leaver, A. and Williams, K. "New actors in a financialised economy and the remaking of capitalism." New Political Economy 12, no. 3(2007) : 339-347. eScholarID:26022 | DOI:10.1080/13563460701485326

• Froud, J., Erturk, I., Leaver, A., Williams, K., Sukhdev Johal. "The democratisation of finance? Promises, outcomes, conditions." Review of International Political Economy 14/4(2007) : 553-75. eScholarID:1b4456

• Erturk, I., Froud, J., Johal, S. Leaver, A. and Williams,K. "Democratisation of finance and financial literacy." Kurswechsel 3(2005) : 42-54. eScholarID:70011

• Froud, J., Johal, Leaver, A. and Williams, K. "Different worlds of motoring: choice, constraint and risk in household consumption." Sociological Review 53, no. 1(2005) : 96-128. eScholarID:26215 | DOI:10.1111/j.1467-954X.2005.00505.x

• Erturk, I., Froud, J., Johal, S, Williams, K. "Corporate Governance and Disappointment." Review of International Political Economy 11(4)(2004) . eScholarID:1b8384 | DOI:10.1080/0969229042000279766

• Leaver, A. "57 Channels and Nothing On." Information and Communications Technology Law 12(3)(2003) : 247-262. eScholarID:1b8179 | DOI:10.1080/1360083032000198763

• Froud, J., Williams, K., Haslam C, Leaver, A., Johal S. "Not Enough Money: The resources and choices of the motoring poor." Competition and Change 6, 1(2001) : 95-111. eScholarID:1b8050 | DOI:10.1080/10245290212676

• Leaver, A. "Organic farming: ex post strategy or ex ante business analysis ?" Competition and Change 5(1)(2001) : 39-71. eScholarID:1b8007

Conference contribution

• Leaver, A., Froud, J., Johal S, Williams, K. 2005. Adding Finance: measurement, weight and heterogeneity. In 13th GERPISA International Colloquium, 'Productive Organisations, Employment Relationships and Financialisation: Specificities of the Automotive Industry'. eScholarID:2b2484

• Leaver, A., Froud, J., Johal S, Williams, K., Erturk, I. 2005. Branded Capitalism: a cultural economy approach to financialisation. In 13th GERPISA International Colloquium, 'Productive Organisations, Employment Relationships and Financialisation: Specificities of the Automotive Industry'. eScholarID:2b2482

• Leaver, A., Froud, J., Johal S, Williams, K. 2005. GE Under Jack Welch. In ESRC/CRESC Inaugural Conference, 'Culture and Social Change: Disciplinary Exchanges'. eScholarID:2b2477

• Leaver, A., Froud, J., Johal S, Williams, K. 2005. General Electric: the conditions of success. In 13th GERPISA International Colloquium, 'Productive Organisations, Employment Relationships and Financialisation: Specificities of the Automotive Industry'. eScholarID:2b2479

• Leaver, A., Johal S, Phillips, R., Williams, K., Vis F. 2005. Independent TV Producers: promise, outcome and complication. In ESRC/CRESC Inaugural Conference, 'Culture and Social Change: Disciplinary Exchanges'. eScholarID:2b2475

• Leaver, A., Johal S, Froud, J., Phillips, R., Williams, K. 2005. Poor BBC: a business model analysis of the BBC. In ESRC/CRESC Inaugural Conference, 'Culture and Social Change: Disciplinary Exchanges'. eScholarID:2b2476

• Leaver, A., Erturk, I., Froud, J., Williams, K., Johal S. 2005. The Democratisation of Finance: promises, outcomes and conditions. In Review of International Political Economy Conference: After 'deregulation': the financial system in the 21st century. eScholarID:2b2480

• Leaver, A., Froud, J., Johal S, Williams, K. 2005. The Role of Captive Finance in the Ford Company. In EU funded ESEMK WP3 Workshop on Financialisation. eScholarID:2b2481

• Leaver, A., Froud, J., Johal S, Williams, K. 2004. Adding Finance to Industrial Companies: the cases of Caterpillar, Ford and GE. In 12th GERPISA International Colloquium: Analysing the Variety of Capitalism and and the Diversity of Productive Models. eScholarID:2b2478

• Leaver, A., Froud, J., Johal S, Williams, K. 2004. Value-Based Management and The Workforce. In O Trabalho no Seculo XXI' - Seminario Internacional. eScholarID:2b2483

• Lower M, Leaver, A. 2003. 57 Channels and Nothing On. eScholarID:2b1714

• Froud, J., Williams, K., Leaver, A., Johal S. 2003. Different Worlds of Motoring. In Automobility Workshop. eScholarID:2b1715

• Leaver, A., Froud, J., Johal S, Williams, K. 2003. Financialisation, Strategy and Governance: or what management has become. In Critical management Studies Conference: Critique and Inclusivity: Opening the Agenda. eScholarID:2b2485

• Froud, J., Haslam C, Johal S, Leaver, A., Williams, K. 2001. The Motoring Poor in London. In COCKEAS Workshop. eScholarID:2b2669

• Leaver, A., Froud, J., Johal S, Williams, K. 2001. The Resources and the Choices of the Motoring Poor in London. In SOFI Research Institute. eScholarID:2b2667

• Leaver, A. 2000. A Strategy Discourse and the Limits of its Application in the Organic Food Sector. eScholarID:2b1683

Other

• Ewald Engelen, Ismail Erturk, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran and Karel Williams (2011), 'Misrule of Experts? The Financial Crisis as Elite Debacle', CRESC Working Paper 094.

• Ismail Ertürk, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran and Karel Williams(2011), 'City State against National Settlement: UK Economic Policy and Politics after the Financial Crisis', CRESC Working Paper 101.

• Julie Froud, Sukhdev Johal, John Law, Adam Leaver and Karel Williams (2011), 'Rebalancing the Economy (Or Buyer's Remorse)', CRESC Working Paper 087.

• CRESC (2009) An Alternative Report on UK Banking Reform, CRESC, http://www.cresc.ac.uk/publications/an-alternative-report-on-uk-banking-reform.

• Julie Froud, Adam Leaver, Karel Williams, Sukhdev Johal and John Buchanan (2009),'Undisclosed and unsustainable: problems of the UK national business model', CRESC Working Paper 75.

• Leaver, A. (2009) ‘Private Equity and the hierarchy of claims before and after the crunch’, Soundings, Iss. 41, Spring 2009.

• Ewald Engelen, Ismail Erturk, Julie Froud, Adam Leaver and Karel Williams (2008), 'Financial Innovation:Frame, Conjuncture and Bricolage', CRESC Working Paper 59.

• Froud, J., Leaver, A., Tampubolon, G., Williams, K., (2008) ‘Everything for Sale, How Nonexecutive Directors make a Difference; CRESC Working Paper, number 46.

• Ismail Erturk, Julie Froud, Sukhdev Johal, Adam Leaver, David Shammai and Karel Williams(2008), 'Corporate governance and impossibilism', CRESC Working Paper 48.

• Julie Froud, Adam Leaver, Siobhan McAndrew, David Shammai and Karel Williams (2008),'Rethinking Top Management Pay: From Pay for Performance to Pay as Fee', CRESC Working Paper 56.

• Julie Froud, Sukhdev Johal, Adam Leaver and Karel Williams (2008), 'Ownership Matters: Private equity and the political division of ownership', CRESC Working Paper 61.

• Erturk, I., Froud, J., Johal S, Leaver, A., Williams, K. Agency, the Romance of Management Pay and an Alternative Explanation, (CRESC) Working Paper No. 23. 2006.

• Froud, J., Johal S, Leaver, A., Williams, K., Phillips, R. Stressed By Choice: A business model analysis of the BBC, (CRESC) Working Paper No.22. 2006. Open University/University of Manchester.

• Froud, J., Williams, K., Johal S, Leaver, A. GE: the conditions of success, Centre for Research on Social-Cultural Change (CRESC) Working Paper No.5. 2005. Open University/University of Manchester.