Mr Paul Lavery
- Lecturer in Economics (Economics)
Paul joined the Adam Smith Business School in October 2020 as a Lecturer in Finance. He was previously a PhD researcher where his thesis investigated private equity buyouts and their impact on target firm performance. He holds further Finance (MSc) and Economics (BSc) degrees from the University of Glasgow.
His primary research interests are in the area of private equity, with a particular focus on assessing the impact of private equity buyouts on firm performance and firm behaviour. His current research projects are affiliated with the Bank for International Settlements and the ESRC-funded Productivity Institute.
Paul previously worked in an investment bank and has worked with a UK private equity investor for several years.
Paul is a member of the School's Finance research cluster.
Areas of expertise:
- Private equity
- Firm performance
- Empirical corporate finance
Paul’s current work informs the research agenda of the newly established ESRC-funded Productivity Institute. This work, co-authored with the lead representative of the Institute in Scotland, Prof. John Tsoukalas, will deepen the understanding of the role of finance in business growth, productivity, reallocation and dynamism, building from the micro, regional, and macro levels. His other current research examines the role of private equity investment in firm-level exporting, in collaboration with the Bank for International Settlements.
- Private equity
- Empirical corporate finance with a focus on corporate transactions or firm-level outcomes
- Corporate finance (UG)
- Economics of banking (UG)
Work in progress
- Bank-affiliated private equity (with Marina-Eliza Spaliara & Serafeim Tsoukas)
- Private equity & firm exporting (with Jose-Maria Serena, Marina-Eliza Spaliara & Serafeim Tsoukas)
- Private equity and firm exporting during the global financial crisis
- Private equity & UK regions (with Kevin Amess & Marina-Eliza Spaliara)
- Persistence in private equity portfolio company performance