Role(s) Dean of Henley Business School
Phone number +44 (0)118 378 8239
Specialism Market Regulation
Biography
John Board is Professor of Finance and the Director of the ICMA Centre. Before joining the Centre, he spent a number of years at the London School of Economics. His overall research agenda is characterised by the application of finance theory to real world problems and issues. In pursuit of this he has been widely published in journals as diverse as the Journal of Accounting Research, Management Science, Journal of Regional Studies and Journal of Financial Services Research.His recent research has been in the area of market regulation in which he has acted as consultant to, among others, the House of Commons, the Financial Services Authority, the Corporation of London, and a number of London’s financial markets. Some of this work has been based on large scale analyses of trading data, while other parts have considered more general issues of the effects of market fragmentation and consolidation. Among his most recent publications in these areas are Transparency and Fragmentation: Financial Market Regulation in a Dynamic Environment, (Palgrave, 2002) and Distortion or Distraction: US Restrictions on EU Exchange Trading Screens (Corporation of London, 2004).
Before this, he was been funded by the Department of Trade and Industry to investigate the effects of innovation in financial markets. He also has a long standing interest in accounting and the effects of accounting policy on stock prices. In relation to this, he is currently engaged in research into the use of fair value accounting by insurance companies. This work is being sponsored by Institute of Chartered Accountants in England and Wales.
Academic Activity
Articles
Board, J., Sutcliffe, C. and Ziemba, W. T. (2003) Applying operations research techniques to financial markets. Interfaces: An International Journal of the Institute for Operations Research and the Management Sciences, 33 (2). pp. 12-24. ISSN 0092-2102 doi: 10.1287/inte.33.2.12.14465
Books
Board, J., Sutcliffe, C. and Wells, S. (2002) Transparency and fragmentation: financial market regulation in a dynamic environment. Palgrave, pp320. ISBN 9780333986349
Board, J., Sutcliffe, C. and Ziemba, W. (2011) Financial markets. In: Gass, S. I. and Fu, M.C. (eds.) Encyclopedia of Operations Research and Management Science. Springer Science and Business Media, Frankfurt. ISBN 9781441911377 (In Press)
Board, J., Sutcliffe, C. and Ziemba, W. (2011) Portfolio theory: mean-variance. In: Gass, S. I. and Fu, M. C. (eds.) Encyclopedia of Operations Research and Management Science. Springer Science and Business Media, Frankfurt. ISBN 9781441911377 (In Press)
Board, J. L. G., Sutcliffe, C. M. S. and Ziemba, W. T. (2009) Operations research and finance markets. In: Floudas, C. A.and Pardalos, P. M. (eds.) Encyclopedia of Optimization. Springer-Verlag, pp. 2696-2704. ISBN 9780387747583 doi:10.1007/978-0-387-74759-0_466
Board, J. L. G., Sutcliffe, C. M. S. and Ziemba, W. T. (2009) Portfolio selection: Markowitz mean-variance model. In:Floudas, C. A. and Pardalos, P. M. (eds.) Encyclopedia of Optimization. Springer-Verlag, pp. 2990-2996. ISBN 9780387747583 doi: 10.1007/978-0-387-74759-0_513
Board, J. and Sutcliffe, C. (2007) Joined-up pensions policy in the UK: an asset-liability model for simultaneously determining the asset allocation and contribution rate. In: Zenios, S. A. and Ziemba, W. (eds.) Handbook of asset and liability management: applications and case studies. Handbooks in Finance (2). Elsevier , pp. 1029-1067. ISBN 9780444528025
Board, J. and Sutcliffe, C. (2006) Futures and forwards. In: Garrett, I. (ed.) Finance. The Blackwell Encyclopedia of Management (4). Wiley. ISBN 9781405118262
Board, J. and Sutcliffe, C. (2006) Program trading. In: Garrett, I. (ed.) Finance. The Blackwell Encyclopedia of Management (4). Wiley, pp. 159-160. ISBN 9781405118262
Reports
Board, J., Wells, S., Dufour, A. and Sutcliffe, C. (2010) The LSE’s AIM market: effect on returns and trading of Canadian stocks. Report. The Task Force to Modernize Securities Legislation , Canada.
Board, J., Sutcliffe, C. and Wells, S. (2009) The impact of the Credit Crunch on the Sterling Corporate Bond market.Technical Report. Investment Management Association pp69.
Board, J., Dufour, A., Sutcliffe, C. and Wells, S. (2006) A false perception? The relative riskiness of AIM and listed stocks.Discussion Papers. 2006-0. Discussion Paper. University of Reading, Reading. pp40.
Board, J., Sutcliffe, C. and Wells, S. (2004) Distortion or distraction: US restrictions on EU exchange trading screens. City Research Series. 3. Report. Corporation of London
