Dr Ian Gregory-Smith

Department of Economics

Senior Lecturer in Economics

i.gregory-smith@sheffield.ac.uk
+44 114 222 3317

Room 511, 9 Mappin Street

Full contact details

Dr Ian Gregory-Smith
Department of Economics
Room 511
9 Mappin Street
Sheffield
S1 4DT

Profile

Ian graduated from Nottingham University Business School in 2002. He transferred to the Economics Department at Nottingham for his MSc and on completion worked for 2 years as a Research Analyst for Manifest Information Services Ltd. He returned to Nottingham at the offer of a scholarship for a PhD.

Towards the end of his PhD he took up the role as a Teaching Fellow and taught courses in the ﬁeld of microeconomics both in the UK and also at Nottingham Ningbo in China. After completing his PhD, he took up a lectureship at the University of Edinburgh and subsequently joined Sheffield in February 2012.

He is currently the Department's Deputy Director of Learning and Teaching.

Research interests

Ian’s primary research interests concern the executive labour market and related issues associated with gender, corporate governance, executive remuneration and shareholder voting. His work often applies econometric techniques to panel datasets.

More recently, Ian's work on the executive labour market has developed to consider the implications for the firm's international strategy on issues such as exporting, hiring, networking, and innovation. He is also interested in how the economics of sport (particularly cricket) can provide insights into the processes by which decisions are made within firms.

Ian’s research has been used to inform policy at HM Treasury and the Department for Business, Energy & Industrial Strategy (formerly Department of Business, Innovation and Skills).

Recently, he has made submissions to the BIS’ ‘Executive Remuneration’ and ‘The Future of Narrative Reporting’ Discussion Papers, and the ‘Hutton Review of Fair pay in the Public Sector’. He also engages with corporate governance industry participants such as Manifest Information Services Ltd.

Publications

Journal articles

Bernini M, Efthyvoulou G, Gregory-Smith I, McHardy J & Navas A (2020) Interlocking directorships and patenting coordination. Economics of Innovation and New Technology. View this article in WRRO
Skovoroda R, Bruce A, Buck T & Gregory-Smith I (2019) Cost-efficient performance-vesting equity. Economics Letters, 182, 37-39. View this article in WRRO
Gregory-Smith I & Wright PW (2019) Winners and losers of corporate tournaments. Oxford Economic Papers, 71(1), 250-268. View this article in WRRO
Gregory-Smith I (2018) Positive Action Towards Gender Equality: Evidence from the Athena SWAN Charter in UK Medical Schools. British Journal of Industrial Relations, 56(3), 463-483. View this article in WRRO
Cao Y, Gregory-Smith I & Montagnoli A (2018) Transmission of liquidity shocks: Evidence on cross-border bank ownership linkages. Journal of International Financial Markets, Institutions & Money, 53, 158-178. View this article in WRRO
Main, B & Gregory-Smith I (2018) Symbolic Management and the Glass Cliff: Evidence from the Boardroom Careers of Female and Male Directors. British Journal of Management, 29(1), 136-155. View this article in WRRO
Gregory-Smith I & Main BGM (2016) Testing the Participation Constraint in the Executive Labour Market. Scottish Journal of Political Economy, 63(4), 399-426. View this article in WRRO
Sacheti A, Paton D & Gregory-Smith I (2016) An Economic Analysis of Attendance Demand for One Day International Cricket. The Economic Record, 92(296), 121-136. View this article in WRRO
Sacheti A, Gregory-Smith I & Paton D (2016) Managerial Decision Making Under Uncertainty. Journal of Sports Economics, 17(1), 44-63. View this article in WRRO
Gregory-Smith I & Main BGM (2015) Heads I win, tails you lose? A career analysis of executive pay and corporate performance. Cambridge Journal of Economics, 39(5), 1373-1398. View this article in WRRO
Sacheti A, Gregory-Smith I & Paton D (2015) Home bias in officiating: evidence from international cricket. Journal of the Royal Statistical Society: Series A (Statistics in Society), 178(3), 741-755. View this article in WRRO
Sacheti A, Gregory-Smith I & Paton D (2014) Uncertainty of outcome or strengths of teams: an economic analysis of attendance demand for international cricket. Applied Economics, 46(17), 2034-2046. View this article in WRRO
Gregory-Smith I, Main BGM & O'Reilly CA (2014) Appointments, pay and performance in UK boardrooms by gender. Economic Journal, 124(574). View this article in WRRO
Gregory-Smith I, Thompson S & Wright PW (2014) CEO pay and voting dissent before and after the crisis. Economic Journal, 124(574). View this article in WRRO
Gregory-Smith I (2012) Chief executive pay and remuneration committee independence. Oxford Bulletin of Economics and Statistics, 74(4), 510-531. View this article in WRRO
Gregory-Smith I, Thompson S & Wright PW (2009) Fired or Retired? A Competing Risks Analysis of Chief Executive Turnover. ECON J, 119(536), 463-481. View this article in WRRO
Gregory-Smith I () Wages and labor productivity. Evidence from injuries in the National Football League. Economic Inquiry. View this article in WRRO
Damon M, Gregory-Smith I, Main BGM, Montagnoli A & Wright P () Executive pensions and the pay-performance relation. Evidence from changes to pension legislation in the UK. Oxford Economic Papers.

Teaching activities

I currently teach Advanced Microeconomics for third year undergraduates. This module provides a rigorous treatment of modern microeconomic theory and is designed to equip students with the skills necessary to succeed as professional economists.

We model how agents and firms interact in an uncertain world, where risks are taken and failure is possible. We look at contracting problems that can occur inside firms and analyse how pay incentives are structured.

We also analyse how parties solve bargaining problems, cooperatively and non-cooperatively. The course is excellent preparation for graduate level study.

ECN301 Topics in Advanced Microeconomics