We use cookies to ensure that we give you the best experience on our website. You can change your cookie settings at any time. Otherwise, we'll assume you're OK to continue.

Durham University

Durham University News



Boost for Finance, Economics and Management at Durham Business School

(20 November 2003)

Durham Business School is adding to its strengths and international expertise by welcoming new academic staff in key fields of work.

The School, a multi-disciplinary international school of the University of Durham, specialises in business, finance and economics education, organisational development and research. It has taken on eleven new members of staff, including six at Professor level:

Abhay Abhyankar, Professor of Finance. Prior to joining Durham Business School, Professor Abhyankar was a Senior Lecturer at Warwick Business School, University of Warwick. His research interests are in corporate finance, asset pricing and applied financial econometrics and he has published extensively in top academic journals. Prior to joining academia, he worked for a number of years in various positions in the field of industrial promotion and development in India including a spell as Managing Director of a regional small industrial promotion corporation.

Parantap Basu, Professor of Macro-economics. Professor Basu joins the University from Fordham University Bronx, New York, USA, where he is Tenured Professor in the department of Economics. Before that, he was Assistant Professor at Case Western Reserve University, Cleveland, Ohio. He graduated from Presidency College, India (BA) and studied at the University of Calcutta (MPhil) and at the University of California, Santa Barbara (PhD). He joins the school from 1 January 2004.

David McKendrick, Professor of Strategy. Professor McKendrick also comes from the USA to join the Durham Business School. At the University of California he gained an AB in History, an MA in Urban and Regional Planning and a PhD in Business Administration. His research interests are in industry evolution, organizational forms, international strategy, global innovation management and East Asian business groups. He is the co-author of a book which was published in 2000. He has previously worked at the University of Texas and the Haas School of Business, University of California, Berkeley and has long established connections with Stanford University. He also joins the School from 1 January 2004.

Ian Stone, Professorial Fellow. Before joining Durham Business School, Professor Stone was Economics Professor at Northumbria University and Founder-Director of the Northern Economic Research Unit (NERU). He studied at the Universities of Leicester (BA Hons), Simon Fraser, Canada (MA) and Cambridge (PhD) and previously held academic posts in Victoria University of Wellington, New Zealand and the University of Newcastle upon Tyne.

Robert Watson, Professor of Financial Management. Professor Watson will be joining the School from 1 January 2004 as a Professor of Financial Management. He joins Durham from Glasgow. Prior that he held academic positions at the Universities of Newcastle upon Tyne, Manchester (UMIST), Leeds and Strathclyde. His main areas of research include corporate governance, executive pay, organisational design, SME performance and regulation, and entrepreneurship. He has co-authored three research monographs and has obtained research funding from a wide variety of sources, including the ESRC, Department of Employment, Leverhulm Trust, National Westminster Bank plc, and several of the major accountancy firms.

George Wright, Professor of Management. Before being appointed in Durham, Professor Wright was Professor of Business Administration at Strathclyde University and has also been Professor of Management Decision Strategy at Leeds University Business School, Senior Lecturer in Psychology at the City of London Polytechnic, Visiting Lecturer in Decision Science at the London Business School and Professor at Athens University of Economics and Business. Professor Wright teaches scenario planning and decision making on the MBA and MA programmes. He researches into the role and quality of management judgement in decision making and in anticipating the future. He has a BSc, an MPhil and a PhD, all in Psychology.

George Cairns, Reader in Critical Management. Prior to joining Durham Business School, Dr Cairns was Senior Lecturer in Management at Strathclyde Graduate Business School. He is an architect by profession, with experience in consultancy and design of workplaces for major organisations, including British Airways, American Express, and BP. His main research concerns ‘the workplace’, defined as ‘the separate but related social, physical, organizational and technological environments of work’. He is also interested in Critical Management studies, Organisation theory, Workplace studies, Scenarios and Philosophy of Management. In addition, he has had 6 years experience in teaching MBAs in UK, Zurich, Hong Kong, Singapore, Kuala Lumpur and Shanghai.

Robert McMurray, Lecturer in Organisational Behaviour. Dr McMurray’s specialist areas of teaching are organisational behaviour, theories of work and organisation, public administration and management and health services research. During his time as a research fellow at the Universities of York and Leeds, Robert specialised in evaluating the organisation and delivery of services from the user’s perspective, while also developing particular interest in inter-organisational collaboration and partnership.

Christos Tsinopoulos, Lecturer in Operations and Strategy. Prior to joining Durham Business School, Dr Tsinopoulos was a research fellow at the University of Warwick where he also completed his PhD. He has an MSc and a BEng in Mechanical Engineering from the University of Sheffield and his research interests are in the areas of manufacturing best practice, new product development, and pharmaceutical drug discovery strategy.

Costas Vorlow, Lecturer in Finance. Dr Vorlow has been appointed as Lecturer in Finance, following his successful PhD studies at Durham University’s department of Economics and Finance (now merged with the Business School) during which time he was also a teaching associate. His teaching interests include financial econometrics, quantitative methods for finance and financial modelling and business forecasting. In the research field, his interests include nonlinear modelling; chaos theory, fractals and multifractals; 1/f and long memory models; neural networks; hidden Markov models; wavelets; time reversibility statistics; self organised criticality; and simulation, bootstrap and surrogate data analysis.

Huianan Zhao, Lecturer in Finance Dr. Zhao has also been appointed as Lecturer in Finance, having completed his PhD in Finance at Durham within only two years. His research interests include Corporate Finance, Corporate Governance, Mergers and Acquisitions, Asset Pricing Theory, Market Efficiency. He believes Durham Business School has a world class faculty in Finance and a strong commitment to research excellence. Therefore he wanted to remain in Durham.

Notes to editors:

Durham Business School is part of the University of Durham. Founded in 1965 it has become one of the longest established business schools in the UK.

The expertise, innovative approach and academic rigour make Durham Business School a world-class school, relevant for both today and tomorrow's business world.

Recently two other departments of the University of Durham: Economics and Finance and the Foundation for Small and Medium Enterprise Development have integrated with the Business School to create a larger multi-disciplined school with an increased scale of academic, financial, administrative and physical resources.

Further information:

Daphne Buijs, Public Relations Office, email:, 0191 334 6076.