Research at Alliance Manchester Business School is shaped and inspired by our internationally renowned expertise. With academics from more than 40 different countries generating collaborative research across a wide range of disciplines, industries and specialisms, our globally-recognised thought-leadership and research makes us one of the leading full-service business schools in the world.
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Heads of Divisions
Professor Ian Garrett
Ian’s main research area is asset pricing and what drives price movements in global stock markets.
His starting point is that by their very nature markets should only move in response to “unexpected” events and he researches whether indicators such as expected dividends or expected company cash flows more generally, and expected returns, can actually be predicted or not.
As he explains: “Market participants, and academics for that matter, are often looking for anomalies in stock returns. What we are trying to do is explain the anomalies and find out whether anomalies might actually be driven by unexpected news about future cashflows or future returns.”
His work also ties in with analysis of risk. “If assets are perceived as risky then in theory one should earn a higher return than with a safe asset. If there was only one risk and you knew what that risk was, then you could react accordingly in your investment decisions.
“The problem is that market risk alone does not explain returns. Is that because the market is making a mistake or are there risks we simply don’t know about? The world is now perceived as a riskier place than it used to be, but what types of risk are systematic? What role does ambiguity about such things play in making investment decisions?”
Ian, who was recently appointed as head of the Accounting & Finance division, says the breadth of research within the department creates a perfect environment for the study of such complex global finance issues.
“We have a terrifically vibrant atmosphere and a research environment that is both productive and which fosters world-class research which is then landing in top journals. Significantly it also means that there is plenty of opportunity for academics to work together and collaborate on specific pieces of work.”
He says a good example is the research within the division on financial markets, from stock markets to bond markets to derivative markets. This brings together dozens of academics within the division across asset pricing, corporate finance and market-based accounting research to research new developments in financial markets and the asset management industry. “It’s a perfect example of our research strengths and of our spirit of collaboration,” he adds.
Professor Nikolay Mehandjiev
Nikolay’s specialist field is researching approaches and models which enable non-technical audiences to design dynamic service systems using intelligent software systems and formalised domain knowledge.
His research is grounded in the needs of industrial partners, collaborating extensively with the telecommunications, IT, e-commerce, automotive and energy sectors.
For instance Nikolay has run projects with BT Research Labs, BG Technology, SAP, IBM, Atos Origin, MAN and Magna Intier. He has also held a number of visiting appointments including the SAP research labs in Germany, Atos Origin in Spain, and at the University of New South Wales, Australia.
He has delivered modules on Management Information Systems, Simulation, Systems Development, Expert Systems, and Business Object Modelling.
Professor Mike Bresnen
Mike joined Alliance MBS in 2009 and his research is primarily concerned with understanding innovation, knowledge, networking and learning processes within and between organisations.
He has been principal investigator on a number of large ESRC (Economic and Social Research Council) and EPSRC (Engineering & Physical Sciences Research Council) research projects investigating innovation processes, knowledge management, inter-organisational relations, project management and project-based learning across a range of sectors, including manufacturing, construction, biomedical and healthcare.
His research interests also include leadership, managers and professionals, while he has also published extensively on the organization and management of the construction process.
Professor Maria Nedeva
Maria's research concerns science dynamics and policy-driven change affecting both the social conditions of science and research and their intellectual conditions. She has helped develop new perspectives and concepts that started at the margins of the field of science studies, but have since become prominent and well established. Her work has a clear unifying feature, namely the development of new concepts to understand dynamics and interplay of scientific knowledge production and its governance.
She has previously been awarded a project grant funded by the European Research Council (ERC) which aimed to understand and assess the impact and outcomes of ERC funding schemes. As part of this work she headed a team of internationally leading academics, and the output and dissemination changed the way funding agencies looked at their impact.
Rudolf Sinkovics is Director of Research and Professor of International Business at Alliance Manchester Business School. He previously held a number of visiting scholar positions, including Michigan State University, University of Oklahoma, USA and at University of Otago at Dunedin, New Zealand.