Dr Paul Lavery
- Lecturer in Finance (Accounting & Finance)
email:
Paul.Lavery@glasgow.ac.uk
Adam Smith Business School, Room 519
Biography
Paul joined the Adam Smith Business School in 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 work has been published in journals including the 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 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.
Paul previously worked in an investment bank and has worked with a UK private equity investor.
Paul's published and ongoing research can be found below, and on his SSRN page
Recent press coverage:
- https://www.institutionalinvestor.com/article/b1h9a5bcvrhfk0/The-Pandemic-Boosted-the-Case-for-PE
- https://www.institutionalinvestor.com/article/b1h92xmblf90xs/PE-Backed-Companies-Outperform-Peers-But-What-Happens-After-Sponsors-Leave
- https://www.suerf.org/suer-policy-brief/35293/private-equity-buyouts-and-firm-exports-evidence-from-uk-firms
- https://www.institutionalinvestor.com/article/b1rzqk4jpczpns/Here-s-One-Little-Known-Way-That-Private-Equity-Ownership-Adds-Value
Research interests
Paul is a member of the School's Finance research cluster.
Areas of expertise:
- Private equity
- Venture capital
Supervision
Supervisory interests
- Private equity
- Management buyouts
- Venture capital
- Empirical corporate finance with a focus on corporate transactions or firm-level outcomes
- Song, Huihui
Essays in Finance and applied microeconomics
Teaching
Current teaching
- Private Equity & Venture Capital (UG)
Additional information
Links
Work in progress
- Buying High? Private equity buyout pricing, returns, and portfolio firm performance across UK regions (with Kevin Amess & Marina-Eliza Spaliara)
- Private equity & firm exporting during economic downturns (with Marina-Eliza Spaliara)
- Private equity & access to credit during the COVID-19 pandemic (with Nick Wilson)
- Private equity & portfolio firm performance post-exit (with Nick Wilson)
- Private equity portfolio firm performance during the COVID-19 pandemic (with Nick Wilson)
- Private equity & stock price crash risk (with Nick Wilson)
- Firm size & productivity (with John Tsoukalas)
- Private equity & productivity (with John Tsoukalas & Nick Wilson)
- Growth equity and target firm performance (with Bill Megginson and Alina Munteanu)
- Benchmarking growth equity transactions across commercial databases (with Bill Megginson and Alina Munteanu)