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researcher

Professor Bruce Hearn

Chair in Accounting and Finance

Faculty/Dept/School School of Management
(Faculty of Management, Law and Social Sciences)
Emailb.hearn@bradford.ac.uk
Telephone +441274 234015

Biography

Bruce Hearn is a Professor (Chair) in Accounting & Finance after having joined The University of Bradford School of Management in June 2020.  Prior to this, he held appointments at Universities of Southampton, Sussex, Leicester, Cass Business School (London) and Kings College London (University of London).  His three year PhD at Kings College London was supported by a full time ESRC studentship award.

He has held visiting professorships in leading universities in Finland, France, Armenia, Afghanistan and Switzerland, while having established executive education courses in India, Sri Lanka and United Arab Emirates (Dubai).  He also has extensive experience in the provision of distance learning programs and associated teaching and supervision in Hong Kong, United Arab Emirates, Ghana, St Lucia, St Kitts & Nevis, and Barbados.

Prior to academia, he has over twelve years professional work experience in the City of London between firms such as BNP Paribas Capital Markets, Gulf International Bank, Marshall Wace LLP, Royal Bank of Scotland, HSBC Investment Bank and Crédit Agricole Corporate and Investment Bank.  He worked at HSBC and Crédit Agricole during his last two years of full time doctoral studies.  He is also an external reviewer for large research grant applications at Economic and Social Research Council (ESRC), UK and at American University of Sharjah, United Arab Emirates

To arrange a PAT or a Project Supervision meeting please book via the https://outlook.office365.com/owa/calendar/FoMLSSAccountingFinanceEconomics@uni.bradford.ac.uk/bookings/

Research

Corporate Governance; Executive compensation; Board composition; Financial Accounting; Corporate Finance and Asset Pricing; Emerging Economies; Middle East, Africa and Asia

Teaching

Teaching highlights

Additional Visiting Professor roles in:

Armenian State University of Economics, Armenia

Aalto University, Finland

IÉSEG School of Management, Grande École Lille & Paris, France

Teaching interests

Teaching

University of Bradford: 2020 - 

Distance Learning MBA: Accounting and Economics for Decision Making (Worldwide classes)

Executive MBA: Accounting and Economics for Decision Making (Bradford & Dubai, UAE)

Postgraduate: Financial Risk Management in European Banking (Toulouse business school, France)

Postgraduate [Joint Programme]: International Finance (IVA business school, Netherlands)

DBA: Advanced Research Methods (Bradford)

DBA: Advanced Research Methods (Majan College, Oman)

University of Southampton: 2018-2020

Postgraduate:  Business Research Methods

Postgraduate:  Foundations of Accounting Research in Accounting & Finance

Postgraduate:  Dissertation (Accounting)

Undergraduate:  Business Research (Module Leader)

Postgraduate:  Research Dissertation (10 MSc Accounting and Finance)

Undergraduate:  Research Dissertation (16 BSc Accounting and Finance)

University of Sussex: 2012-2018

Postgraduate:  Multinational Financial Management (newly designed course)

Postgraduate:  Corporate Governance (newly designed course)

Postgraduate:  Banking and Financial Institutions

Postgraduate:  Business Analysis Report

Postgraduate:  Research Dissertation (30 MSc Banking and Finance, 80 MSc Management & Finance, 1 MBA)

University of Leicester: 2010-2011

Postgraduate:  Corporate Governance (newly designed course)

Postgraduate:  Research Dissertation (35 MBA, MSc Accounting and Finance, MSc Finance)

Undergraduate:  Financial Management

Professional activities

  • 01-JAN-09: Kings College London, University of London - PhD
  • 01-JAN-01: Birkbeck College, University of London - MSc
  • 01-JAN-99: Birkbeck College, University of London - Postgraduate Certificate
  • 01-JAN-97: University of Edinburgh - BSc
  • 01-FEB-21: University of Southampton - Visiting Professor in Accounting & Finance
  • Academy of International Business, Membership
  • European International Business Association, Membership
  • 01-JAN-10: Asian Finance Association, Membership
  • 04-JAN-21: White Rose Doctoral Training [Yorkshire Universities ESRC PhD scholarships],
  • Mini-Director of Postgraduate degree programs, within Accounting, Finance & Economics group
  • Director of DBA [Bradford & International]
  • Program Leader MSc Finance & Investment
  • Programme & Module Management: MSc Finance & Investment
  • Academic Leadership: Director of DBA [Bradford & International]
  • Academic Leadership: Mini Director of Postgraduate Programs [Accounting, Finance & Economics]
  • French
  • Spanish

Publications

Peer Reviewed Journal
TitleAsset pricing in the Middle East’s equity markets (2021)
AuthorsHearn, B.; Li, J.; Mykhayliv, D.; Waqas, M.
JournalJournal of International Financial Markets, Institutions and Money
PublisherElsevier
DOIhttps://doi.org/10.1016/j.intfin.2021.101337
 
TitleA reassessment of stock market integration in SADC: The case of Namibia (2020)
AuthorsHearn B.;Piesse J.
JournalDevelopment Southern Africa
DOI10.1080/0376835X.2020.1717928
 
TitleFounder retention as CEO at IPO in emerging economies: The role of private equity owners and national institutions (2019)
AuthorsHearn B.;Filatotchev I.
JournalJournal of Business Venturing
DOI10.1016/j.jbusvent.2019.01.007
 
TitleThe institutional determinants of private equity involvement in business groups—The case of Africa (2018)
AuthorsHearn B.;Oxelheim L.;Randøy T.
JournalJournal of World Business
DOI10.1016/j.jwb.2016.02.002
 
TitleExpropriation risk by block holders, institutional quality and expected stock returns (2017)
AuthorsHearn B.;Phylaktis K.;Piesse J.
JournalJournal of Corporate Finance
DOI10.1016/j.jcorpfin.2017.04.016
 
TitleSocial elites on the board and executive pay in developing countries: Evidence from Africa (2017)
AuthorsHearn B.;Strange R.;Piesse J.
JournalJournal of World Business
DOI10.1016/j.jwb.2016.12.004
 
TitleInstitutional distance and the performance of foreign subsidiaries in Brazilian host market (2017)
AuthorsMarini Thomé K.;Joslin Medeiros J.;Hearn B.
JournalInternational Journal of Emerging Markets
DOI10.1108/IJoEM-02-2015-0031
 
TitleA Comparison of the Efficacy of Liquidity, Momentum, Size and Book-to-Market Value Factors in Equity Pricing on a Heterogeneous Sample: Evidence from Asia (2016)
AuthorsHearn B.
JournalFinancial Markets, Institutions and Instruments
DOI10.1111/fmii.12078
 
TitleInstitutional influences on board composition of international joint venture firms listing on emerging stock exchanges: Evidence from Africa (2015)
AuthorsHearn B.
JournalJournal of World Business
DOI10.1016/j.jwb.2014.04.006
 
TitleThe impact of firm size and liquidity on the cost of external finance in africa (2015)
AuthorsHearn B.;Piesse J.
JournalSouth African Journal of Economics
DOI10.1111/saje.12062
 
TitleInstitutional impact on the expropriation of private benefits of control in North Africa (2014)
AuthorsHearn B.
JournalResearch in International Business and Finance
DOI10.1016/j.ribaf.2013.04.002
 
TitleSize and Liquidity Effects in Nigeria: An Industrial Sector Study (2014)
AuthorsHearn, B.
JournalJournal of Developing Areas
DOI10.1353/jda.2014.0047
 
TitleThe political institutional and firm governance determinants of liquidity: Evidence from North Africa and the Arab Spring (2014)
AuthorsHearn B.
JournalJournal of International Financial Markets, Institutions and Money
DOI10.1016/j.intfin.2014.03.006
 
TitleThe liquidity cost implications arising from the attraction of regional primary listings: Evidence from West Africa (2014)
AuthorsHearn B.
JournalResearch in International Business and Finance
DOI10.1016/j.ribaf.2013.06.002
 
TitleThe impact of institutions, ownership structure, business angels, venture capital and lead managers on IPO firm underpricing across North Africa (2014)
AuthorsHearn B.
JournalJournal of Multinational Financial Management
DOI10.1016/j.mulfin.2013.12.002
 
TitleThe impact of board governance on director compensation in West African IPO firms (2013)
AuthorsHearn B.
JournalResearch in International Business and Finance
DOI10.1016/j.ribaf.2012.09.005
 
TitleA reassessment of stock market integration in SADC: The determinants of liquidity and price discovery in Namibia (2013)
AuthorsHearn B.;Piesse J.
JournalApplied Financial Economics
DOI10.1080/09603107.2012.711938
 
TitleThe determinants of IPO firm prospectus length in Africa (2013)
AuthorsHearn B.
JournalReview of Development Finance
DOI10.1016/j.rdf.2013.04.002
 
TitleThe determinants of director remuneration, executive tenure and individual executive disclosure in North African IPO firms (2013)
AuthorsHearn B.
JournalResearch in International Business and Finance
DOI10.1016/j.ribaf.2011.11.002
 
TitleThe determinants of director remuneration in West Africa: The impact of state versus firm-level governance measures (2013)
AuthorsHearn B.
JournalEmerging Markets Review
DOI10.1016/j.ememar.2012.11.004
 
TitleThe institutional determinants of IPO firm prospectus length in a developing context: A research note (2013)
AuthorsHearn B.
JournalResearch in International Business and Finance
DOI10.1016/j.ribaf.2012.06.001
 
TitleFirm level governance and institutional determinants of liquidity: Evidence from Sub Saharan Africa (2013)
AuthorsHearn B.;Piesse J.
JournalInternational Review of Financial Analysis
DOI10.1016/j.irfa.2013.02.004
 
TitleThe Governance Implications From Presence of Long-Term Foreign Investment Partner in West African IPO Firms (2012)
AuthorsHearn B.
JournalJournal of Transnational Management
DOI10.1080/15475778.2012.706701
 
TitleThe law of one price: An examination of price integration between Europe and regional markets in Africa (2012)
AuthorsPiesse J.;Hearn B.A.
JournalApplied Economics
DOI10.1080/00036846.2011.570722
 
TitleThe contrasting effects of board composition and structure on IPO firm underpricing in a developing context (2012)
AuthorsHearn B.
JournalInternational Review of Financial Analysis
DOI10.1016/j.irfa.2011.09.004
 
TitleSize and liquidity effects in African frontier equity markets (2012)
AuthorsHearn B.
JournalApplied Financial Economics
DOI10.1080/09603107.2011.621881
 
TitleIslamic finance and market segmentation: Implications for the cost of capital (2012)
AuthorsHearn B.;Piesse J.;Strange R.
JournalInternational Business Review
DOI10.1016/j.ibusrev.2010.11.007
 
TitleThe impact of corporate governance measures on the performance of West African IPO firms (2011)
AuthorsHearn B.
JournalEmerging Markets Review
DOI10.1016/j.ememar.2011.02.004
 
TitleThe role of the stock market in the provision of Islamic development finance: Evidence from Sudan (2011)
AuthorsHearn B.;Piesse J.;Strange R.
JournalEmerging Markets Review
DOI10.1016/j.ememar.2011.04.004
 
TitleThe performance and the effects of family control in North African IPOs (2011)
AuthorsHearn B.
JournalInternational Review of Financial Analysis
DOI10.1016/j.irfa.2011.02.006
 
TitleDevelopment strategy in offshore markets: Evidence from the Channel Islands (2011)
AuthorsHearn B.
JournalJournal of Economic Studies
DOI10.1108/01443581111096132
 
TitleAn examination of price integration between stock market and international crude oil indices: Evidence from China (2011)
AuthorsHearn B.;Man S.Y.
JournalApplied Economics Letters
DOI10.1080/13504851.2011.554363
 
TitleSize and liquidity effects in Japanese regional stock markets (2011)
AuthorsHearn B.
JournalJournal of the Japanese and International Economies
DOI10.1016/j.jjie.2011.02.004
 
TitleThe effects of banking relationship, legal origin, private equity and lead managers on the performance of west African IPO firms (2011)
AuthorsHearn B.
JournalSouth African Journal of Economics
DOI10.1111/j.1813-6982.2011.01285.x
 
TitleModelling size and liquidity in North African industrial sectors (2011)
AuthorsHearn B.
JournalEmerging Markets Review
DOI10.1016/j.ememar.2010.08.004
 
TitleMarket liquidity and stock size premia in emerging financial markets (2010)
AuthorsHearn B.;Piesse J.;Strange R.
JournalMacroeconomics and Finance in Emerging Market Economies
DOI10.1080/17520840903076473
 
TitleThe limited role of small stock exchanges in economic development: A case study of Mozambique and Swaziland (2010)
AuthorsHearn B.;Piesse J.
JournalDevelopment Southern Africa
DOI10.1080/03768351003740522
 
TitleModelling size and illiquidity in West African equity markets (2010)
AuthorsHearn B.;Piesse J.
JournalApplied Financial Economics
DOI10.1080/09603101003724364
 
TitleTime varying size and liquidity effects in South Asian equity markets: A study of blue-chip industry stocks (2010)
AuthorsHearn B.
JournalInternational Review of Financial Analysis
DOI10.1016/j.irfa.2010.08.007
 
TitleMarket liquidity and stock size premia in emerging financial markets: The implications for foreign investment (2010)
AuthorsHearn B.;Piesse J.;Strange R.
JournalInternational Business Review
DOI10.1016/j.ibusrev.2009.02.009
 
TitleBarriers to the development of small stock markets: A case study of swaziland and mozambique (2010)
AuthorsHearn B.;Piesse J.
JournalJournal of International Development
DOI10.1002/jid.1604
 
TitleModelling stock returns in southern africa's equity markets (2009)
AuthorsHearn, B., Piesse, J.
JournalJournal for Studies in Economics and Econometrics
 
TitleSector level cost of equity in African financial markets (2009)
AuthorsHearn B.;Piesse J.
JournalEmerging Markets Review
DOI10.1016/j.ememar.2009.09.002
 
TitleOvercoming financing constraints to corporate expansion: Evidence from a company in an emerging Islamic market (2009)
AuthorsHearn, B., Piesse, J., Strange, R.
JournalTransnational Corporations
 
TitleLiquidity and valuation in East African securities markets (2009)
AuthorsHearn B.
JournalSouth African Journal of Economics
DOI10.1111/j.1813-6982.2009.01229.x
 
TitleAn Augmented Capital Asset Pricing Model: Liquidity and Stock Size in African Emerging Financial Markets (2009)
AuthorsHearn, B., Piesse, J.
JournalAfrican Finance Journal
PublisherAfrica Growth Institute
 
TitleOpportunities and costs of portfolio diversification in sadc's smallest equity markets (2008)
AuthorsHearn B.;Piesse J.
JournalSouth African Journal of Economics
DOI10.1111/j.1813-6982.2008.00203.x
 
TitleRegional integration of equity markets in Sub-Saharan Africa (2005)
AuthorsPiesse J.;Hearn B.
JournalSouth African Journal of Economics
DOI10.1111/j.1813-6982.2005.00003.x
 
TitleEquity market integration versus segmentation in three dominant markets of the Southern African Customs Union: Cointegration and causality tests (2002)
AuthorsPiesse J.;Hearn B.
JournalApplied Economics
DOI10.1080/00036840110119448
 
Other Journal
TitleStock Market Finance and Gross National Happiness: An Institutional Fit? Evidence from Bhutan (2010)
AuthorsHearn, B., Givel, M.
JournalJournal of Bhutan Studies
PublisherCentre for Bhutan Studies
 
TitleInvestment Modelling in Southern Africa’s Smallest Equity Markets (2009)
AuthorsHearn, B., Piesse, J.
JournalJournal for the Study of Economics and Econometrics
PublisherUniversity of Stellenbosch, South Africa
 
Book
TitleAfrican Frontier equity markets (2009)
AuthorsHearn, B
PublisherVDM Verlag
 
Book Chapters
TitleEquity Market Integration and the Implications for Foreign Investment in Africa (2008)
AuthorsHearn, B., Piesse, J.
JournalCorporate Governance and International Business: Strategy, Performance and Institutional Change
PublisherPalgrave Publications
 
TitleIs there a role for micro-markets in Sub-Saharan Africa? A study of the Swaziland stock exchange (2006)
AuthorsHearn, B., Piesse, J.
JournalResearch in Development Finance for Africa
PublisherUniversity of Ghana Business School Publications
 
Published Reports
TitleCosts of Equity in North Africa’s equity markets: an Industrial Sector Study (2010)
AuthorsHearn, B.
PublisherEGX Egyptian stock exchange
 
TitleLiquidity estimation in African emerging markets (2010)
AuthorsHearn, B.
PublisherEGX Egyptian stock exchange
 
TitleMarket Liquidity and Stock Size Premia in Emerging Financial Markets: The Implications for Foreign Investment (2009)
AuthorsHearn, B., & Piesse, J., & Strange, R.
PublisherEGX Egyptian stock exchange