Partner industry specialisation and audit pricing in the UK

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Accounting firms are generally organised as partnerships, and this provides them with a structure that allows optimal delegation of the decision rights to the partner level where relevant specific knowledge is located. Partners play the central role in planning and administering the external audit service provided to the client and are accountable for the finalRead more

Ethical gift giving: Why it’s important and how to do it

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Many of us used the new year as an opportunity to make positive changes in our life, setting resolutions throughout January to eat more healthily, exercise more or do something new. It may come as no surprise then, given the continuous climate warnings by scientists, that numerous individuals will also have set goals that encourageRead more

The underlying economics behind contests: The Conservatives leadership battle, Miss India, Eurovision, Brexit and Inequality

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From hit shows like Strictly Come Dancing to Miss India, the Conservative party leadership battle and the recent Eurovision extravaganza – contests teach us a lot about human behaviour, taste and the way markets operate. Tacky, fun or lifestyle enriching contests inform us about the interaction of the consumer (judge/voter) and the supplier/firm (contestant) lookingRead more

Does ASDA’s blocked merger with Sainsbury’s make sense?

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The Competition and Markets Authority (CMA) has put the brakes on ASDA and Sainsbury’s becoming the dominant force in supermarket retail. Dr Jon Seaton examines whether the argument against the deal is justified? A lot has been happening in retail recently, writes Dr Seaton, but consumers were understandably shocked by the decision of UK regulators inRead more

Can collaborative simulation models help organisations improve their efficiency?

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Over the last 10 years, academics within the School of Business and Economics have been researching and developing ways of involving people from different stakeholder groups in modelling processes which help identify and improve the performance of a whole range of different processes within organisations. One of the most successful modelling tools we have developedRead more

A warning to the Bank of England’s Mark Carney

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Economist Dr Jon Seaton has a warning for the Governor of the Bank of England Mark Carney… Dear Mr Carney – have you forgotten the Phillips curve? Recent employment rates now match the low levels of the early 1970s, so with very low interest rates, rising wage inflation and low productivity is it any wonderRead more

The risks and rewards of collaborating with competitors

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by Dr James M Crick What is coopetition? It is not uncommon for small businesses to struggle to compete within their markets, as they often possess an insufficient volume of resources and capabilities. With ever-changing customer preferences, fierce competition, and technological developments, one must ask the question – how can small entities survive and growRead more

The changing face of business analytics

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Trying to make predictions is hard – just ask Cassandra from Greek mythology! But, ironically, with all the data we have today, shouldn’t this task be much easier? Without question the world ahead is going to become more analytical than ever before, with the rise of AI to help with domain specific predictions becoming strongerRead more

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