Dr Paul Lavery

  • Lecturer in Finance (Accounting & Finance)

telephone: 01413302698
email: Paul.Lavery@glasgow.ac.uk

Adam Smith Business School, Room 519

Import to contacts

ORCID iDhttps://orcid.org/0000-0002-4280-4926

Biography

Paul joined the Adam Smith Business School in 2020 as a Lecturer in Finance. He previously worked in an investment bank and has worked with a UK private equity investor. His primary research interests are in the area of private equity and venture capital investment. His work has been published in journals including the Journal of Corporate Finance, British Journal of Management and the Bank for International Settlements Working Paper Series. His research has also been featured on several media & policy outlets including Financial Times, CFA Institute, Institutional Investor and SUERF.

He is a research affiliate at the Centre for Private Equity and MBO Research (CMBOR) at the University of Nottingham, and at the UK Productivity Institute. He currently serves as the chair of the Research Advisory Committee at the UK Private Equity trade organisation, the British Private Equity & Venture Capital Association (BVCA).

Paul's published and ongoing research can be found below, and on his SSRN page

Research interests

Paul is a member of the School's Finance research cluster.

Areas of expertise:

  • Private equity
  • Venture capital

 

 

 

 

Publications

List by: Type | Date

Jump to: 2025 | 2024 | 2023 | 2021
Number of items: 10.

2025

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Amess, Kevin and Spaliara, Marina Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 (2025) Private equity buyout pricing, returns, and portfolio firm performance across UK regions. British Accounting Review, (doi: 10.1016/j.bar.2025.101689) (Early Online Publication)

2024

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Goerg, Holger (2024) Private equity buyouts & firm exporting in crisis periods: Exploring a new channel. Journal of Corporate Finance, 89, 102686. (doi: 10.1016/j.jcorpfin.2024.102686)

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926 and Wilson, Nick (2024) The performance of private equity portfolio companies during the COVID-19 pandemic. Journal of Corporate Finance, 89, 102641. (doi: 10.1016/j.jcorpfin.2024.102641)

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Serena, Jose-Maria, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2024) Private equity buyouts and exports: the impact of Brexit on UK firms. British Journal of Management, 35(1), pp. 364-377. (doi: 10.1111/1467-8551.12716)

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Tsoukalas, John ORCID logoORCID: https://orcid.org/0000-0002-3356-9688 and Wilson, Nick (2024) Private equity financing & firm productivity, Working Paper No. 041. Working Paper. The Productivity Institute.

2023

Wilson, Nicholas and Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926 (2023) The impact of private equity on exporting activity. In: Hammer, Benjamin and Cumming, Douglas (eds.) Palgrave Encyclopedia of Private Equity. Palgrave. ISBN 9783030387389 (doi: 10.1007/978-3-030-38738-9_28-1)

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2023) Bank capital requirements and the impact on private equity. In: Hammer, Benjamin and Cumming, Douglas (eds.) The Palgrave Encyclopedia of Private Equity. Palgrave Macmillan: Cham. ISBN 9783030387389 (doi: 10.1007/978-3-030-38738-9_64-1)

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2023) Private equity and bank capital requirements: evidence from European firms. British Journal of Management, 34(1), pp. 390-409. (doi: 10.1111/1467-8551.12593)

2021

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Serena, Jose-Maria, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2021) Private equity buyouts and firm exports: evidence from UK firms. Project Report. SUERF.

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Serena, Jose-Maria, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2021) Private equity buyouts and firm exports: evidence from UK firms. Working Paper. Bank for International Settlements.

This list was generated on Thu Jul 3 21:11:34 2025 BST.
Jump to: Articles | Book Sections | Research Reports or Papers
Number of items: 10.

Articles

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Amess, Kevin and Spaliara, Marina Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 (2025) Private equity buyout pricing, returns, and portfolio firm performance across UK regions. British Accounting Review, (doi: 10.1016/j.bar.2025.101689) (Early Online Publication)

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Goerg, Holger (2024) Private equity buyouts & firm exporting in crisis periods: Exploring a new channel. Journal of Corporate Finance, 89, 102686. (doi: 10.1016/j.jcorpfin.2024.102686)

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926 and Wilson, Nick (2024) The performance of private equity portfolio companies during the COVID-19 pandemic. Journal of Corporate Finance, 89, 102641. (doi: 10.1016/j.jcorpfin.2024.102641)

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Serena, Jose-Maria, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2024) Private equity buyouts and exports: the impact of Brexit on UK firms. British Journal of Management, 35(1), pp. 364-377. (doi: 10.1111/1467-8551.12716)

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2023) Private equity and bank capital requirements: evidence from European firms. British Journal of Management, 34(1), pp. 390-409. (doi: 10.1111/1467-8551.12593)

Book Sections

Wilson, Nicholas and Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926 (2023) The impact of private equity on exporting activity. In: Hammer, Benjamin and Cumming, Douglas (eds.) Palgrave Encyclopedia of Private Equity. Palgrave. ISBN 9783030387389 (doi: 10.1007/978-3-030-38738-9_28-1)

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2023) Bank capital requirements and the impact on private equity. In: Hammer, Benjamin and Cumming, Douglas (eds.) The Palgrave Encyclopedia of Private Equity. Palgrave Macmillan: Cham. ISBN 9783030387389 (doi: 10.1007/978-3-030-38738-9_64-1)

Research Reports or Papers

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Tsoukalas, John ORCID logoORCID: https://orcid.org/0000-0002-3356-9688 and Wilson, Nick (2024) Private equity financing & firm productivity, Working Paper No. 041. Working Paper. The Productivity Institute.

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Serena, Jose-Maria, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2021) Private equity buyouts and firm exports: evidence from UK firms. Project Report. SUERF.

Lavery, Paul ORCID logoORCID: https://orcid.org/0000-0002-4280-4926, Serena, Jose-Maria, Spaliara, Marina-Eliza ORCID logoORCID: https://orcid.org/0000-0002-6500-8666 and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2021) Private equity buyouts and firm exports: evidence from UK firms. Working Paper. Bank for International Settlements.

This list was generated on Thu Jul 3 21:11:34 2025 BST.

Supervision

Supervisory interests

  • Private equity
  • Management buyouts
  • Venture capital
  • Empirical corporate finance with a focus on corporate transactions or firm-level outcomes

 

Teaching

Current teaching

  • Private Equity & Venture Capital (UG)
  • Finance Case Study (UG)

Additional information

Links

 

Work in progress

  • Accounting considerations when studying private equity buyout portfolio companies
  • Private equity & portfolio firm performance post-exit (with Nick Wilson)
  • Growth equity and target firm performance (with Bill Megginson and Alina Munteanu)

Profile photo of Dr Paul Lavery, Lecturer in Economics