Research areas
I first studied economics at the University of Aberdeen (MA Economic Science, First Class Honours,1969; Stephen Scholarship, Class Prize in Political Economy, Henry Prize in Mental Philosophy, Memorial Essay Prize in Economics). For my MSc in Economic Theory and Econometrics (Southampton, SSRC Scholarship, 1971) my dissertation topic involved creating a computer model of the stock market, from which papers were published in Economica and Bulletin of Economic Research, while a student. My doctoral studies (PhD, Edinburgh 1975) were on oligopoly theory, modelling price leadership and partial monopoly. Five papers were published from this, including in Managerial and Decision Economics, History of Political Economy and the Scottish Journal of Political Economy. I have since received two further doctorates (DBA(Hon), Abertay, 2010; DLitt, Aberdeen, 2012), in recognition of my lifetime research in business economics and small business enterprise, respectively. I was Founder and Director of the Centre for Research into Industry, Enterprise, Finance and the Firm (CRIEFF) at ºÚÁϳԹÏÍø University (1991-2013).
My main research areas are all concerned with the business enterprise: industrial organization, entrepreneurship, venture capital, small firms, innovation, R&D, intellectual property, information systems, risk appraisal, financial structure. I have been awarded grants from all the leading grant awarding bodies (Nuffield, Carnegie, Leverhulme, British Academy, British Council, Esmee-Fairbairn, Royal Economic Society, Scottish Economic Society, ScotEconNet, etc) including two ESRC research grants:1) Financial reporting for small firms (FRSSE), 2005-08; 2) Research network: seminars in accounting, finance and economics (SAFE) - of which I was Chairman, 2006-08. I have held both Leverhulme (1989-90) and Nuffield (1997-98) Research Fellowships.
I have published over 250 research papers, of which over seventy have been published in leading academic research journals in economics, finance, law and accounting. I have published ten books (all research based): The Kinked Demand Curve Analysis of Oligopoly, Theories of Industrial Organization, Small Business Enterprise, Classical Economic Growth, The Small Entrepreneurial Firm, Profiles in Small Business, The Foundations of Small Business Enterprise, Venture Capital Investment, Information System Development in the Small Firm, Risk Appraisal and Venture Capital in High Technolgy New Ventures. These volumes have been favourably reviewed, and many proceeded from hardcopy to paperback and e-book formats.
My published papers in refereed journals, have appeared in the Economic Journal, Economica, Oxford Economic Papers, Manchester School, Bulletin of Economic Research, Scottish Journal of Political Economy, Journal of Industrial Economics, International Journal of Industrial Organization, Managerial and Decision Economics, Entrepreneurship Theory and Practice, Small Business Economics, Management Accounting Research, Accounting and Business Research, Critical Perspectives on Accounting, Accounting, Auditing and Accountability Journal, European Journal of Finance, Journal of Private Equity, International Journal of the Economics of Business.
I was awarded an Honorary Doctor of Business Administration (DBA) Degree in 2010 by the University of Abertay Dundee in recognition of my research work in business economics, and a Doctor of Letters (DLitt) by the University of Aberdeen in 2012 for my life's work in small business economics, which was judged to be 'an original and substantial contribution to humane learning'. In 2011, UK Competition Minister Edward Davey appointed me a Member of the Competition Appeal Tribunal, which hears and decides appeals and claims arising from competition and economic regulation in the UK. In 2017 I was awarded the Medal of Honour of the Scottish Economic Society for my contribution to economics in Scotland.
My past consulting activity has been with the small firms lobby, beer and spirits industry, retail sector and accounting bodies.
I have had numerous overseas appointments in Canada, the USA, Taiwan, France, Germany, the Netherlands, Malawi, and West Indies. In 2022 I was visiting research professor in Economics, Law and Society at the ESSCA (Angers) School of Management and University of Angers, France.
Selected publications
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Open access
Power, B. & Reid, G. C., 3 Aug 2022, (E-pub ahead of print) In: Managerial and Decision Economics. Early View, 11.
Research output: Contribution to journal › Article › peer-review
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Open access
Reid, G. C., Smith, J. A. & Hsu, Y.-L., 9 Apr 2021, In: National Accounting Review. 3, 2, p. 137-151 15 p.
Research output: Contribution to journal › Article › peer-review
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Open access
Hsu, Y.-L. & Reid, G. C., 5 Aug 2021, In: Managerial and Decision Economics. 42, 6, p. 1355-1373 19 p.
Research output: Contribution to journal › Article › peer-review
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Open access
Power, B. & Reid, G. C., Jan 2018, In: Managerial and Decision Economics. 39, 1, p. 56-64 9 p.
Research output: Contribution to journal › Article › peer-review
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Reid, G. C., 1 Jan 2015, In: Managerial and Decision Economics. 36, 1, p. 16-32 17 p.
Research output: Contribution to journal › Article › peer-review
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Power, B. M. & Reid, G. C., 19 Aug 2015, In: International Journal of the Economics of Business. 22, 3, p. 345-377
Research output: Contribution to journal › Article › peer-review
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Reid, G. C. & Dyrmose, M., 2013, (CRIEFF Discussion Papers, School of Economics & Finance; no. 1301).
Research output: Working paper › Discussion paper
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Reid, G. C. & Power, B., 2013, In: European Journal of Finance. 19 , 7-8, p. 791-809 19 p.
Research output: Contribution to journal › Article › peer-review
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Reid, G. C. & Ujjual, V., Dec 2013, Entrepreneurship: Motivation, Performance and Risk. Fairchild, R. (ed.). Hauppauge, NY, USA, : Nova Publishers, Vol. Chapter 3. p. 55-72
Research output: Chapter in Book/Report/Conference proceeding › Chapter
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Reid, G. C., Smith , J. A. & Xu, Z., 2012, (CRIEFF Discussion Papers, School of Economics & Finance; no. 1205).
Research output: Working paper › Discussion paper