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Chris Higson

Associate Professor of Accounting Practice


BA and MSc (University College London), PhD (London Business School)

Dr Chris Higson has worked at London Business School since 1986. He was Chair of the Accounting faculty from 1994 to 2000 and is currently an Associate Professor of Accounting Practice. His areas of expertise are in financial statements, financial performance and valuation, taxation, governance and regulation. He serves as an expert witness in these areas. He comments on financial matters on television, radio and in the international press.


During his career Chris Higson has advised on financial performance in many of the world’s leading industrial and financial companies. He is a member of the oversight board of a UK investment company and has been involved in creating several new businesses, including a consultancy advising governments and financial institutions on the value of their information assets, and a media start-up. He has had several non-executive roles for the UK Government, as a member of the UK’s Industrial Development Advisory Board, the Regional Growth Fund panel, in the UK Green Investment Bank and the British Business Bank. He developed a doctrine for the UK Department for Business, Innovation and Skills that combines best practice in social cost benefit analysis and private sector decision-making.


Chris Higson has written over 100 papers, case studies and books. A number of papers discuss the financial performance of intangible assets, including Accounting for Brands, Valuing Information as an Asset, Accounting for Human Capital. Several articles, published in the Financial Timesand elsewhere, discussed the consequences of the financial crisis. Two influential papers, Valuing Internet Businesses and Did Enron’s Investors Fool Themselves? (2000 and 2001) predicted the end of the dot-com bubble and explained why dot-coms were overvalued at the time. His book, Financial Statements: economic analysis and interpretation (3rd ed,2016, Rivington), aimed at practitioners and business students, and explains the logic of accounting and the relationship between corporate performance measurement and strategy.


A full list of Chris Higson’s written output, and links to his papers and podcasts, are available at: http://faculty.london.edu/chigson/

2016

Reporting human capital

Higson C

Valuing Your Talent (CIMA, CIPD and others)

2015

Accounting for people

Higson C

London Business School Review 2015 Autumn Vol 26:3 p 15-17

What should the UK do about foreign takeovers?

Higson C

London Business School Review 2015 June:15th

2013

Is there financial integration in the equity markets of the European Union?

Higson C; Holly S; Petrella I

Economics and Finance Research 2013 Vol 1:1 p 31-41

2012

Financial statements: economic analysis and interpretation

Higson C

London:Rivington, 2nd ed.

2009

Macroeconomic instability and corporate failure: the role of the legal system

Bhattacharjee A; Higson C; Holly S; Kattuman P

Review of Law and Economics 2009 Vol 5:1 p 1-32

2008

Macroeconomic instability and business exit: determinants of failures and acquisitions of UK firms

Bhattacharjee A; Higson C; Holly S; Kattuman P

Economica 2008 Vol 76:301 p 108-131

2005

Coping with IFRS

Higson C J; Sproul M

London Business School/Company Reporting, 2005

Give them the full story

Higson C J; Houlder D

Real IR 2005 Apr

2004

Business cycle, macroeconomic shocks and the cross section: the growth of UK quoted companies

Higson C J; et al.

Economica 2004 May Vol 71:282 p 299-318

2002

Asset financing

Higson C J

Finance Lease Association, 2002

Cross sectional dynamics of the US business cycle: 1950-1999

Higson C J; Holly S; Kattuman P

Journal of Economic Dynamics and Control 2002 Aug Vol 26:9-10 p 1539-1555

Economic role of asset financing

Higson C J

in Boobyer C ed., Leasing finance. 4th ed., Euromoney Books, 2002

Enron's foolish things

Higson C J

Financial Times 2002 Apr 4

2001

Did Enron's investors fool themselves?

Higson C J

Business Strategy Review 2001 Winter Vol 12:4 p 1-7

Intangibles

Higson C J

in Pickford J ed., Mastering investment, Financial Times/Prentice Hall, 2001

Market metrics: what should we tell the shareholders?

Higson C J; Ambler T; Barwise T P

Market Leader 2001 Winter p 10-11

Market metrics: what should we tell the shareholders?

Ambler T; Barwise T P; Higson C J

Institute of Chartered Accountants in England and Wales, 2001

Review of Intangibles: management, measurement and reporting, by Baruch Lev

Higson C J

International Journal of Accounting 2001 Dec Vol 36:4 p 501-503

2000

Value metrics

Higson C J

in Mastering management, Financial Times, 2000

Valuing internet business

Higson C J; Briginshaw J

Business Strategy Review 2000 Spring Vol 11 p 10-20

1999

Inside out: reporting on shareholder value

Higson C J et al.

ICAEW, 1999

1998

Goodwill

Higson C J

British Accounting Review 1998 Jun Vol 30:2 p 141-158

Merger mania

Higson C J

City Magazine 1998 Mar

1997

Returns to takeovers: the UK evidence

Higson C J; Elliott J

Journal of Empirical Finance 1997 Autumn Vol 5 p 22-46

1996

Accounting for takeovers

Higson C J

in Bickerstaffe G ed., Mastering management, Financial Times/Pitman, 1996

Comments on UK evidence on the market valuation of research and development expenditures

Higson C J

Journal of Business Finance and Accounting 1996 Mar Vol 23:2 p 217-219

Problem with accounting

Higson C J; Zimmermann J

in Bickerstaffe G ed., Mastering management, Financial Times/Pitman, 1996

Return on capital employed (ROCE)

Higson C J

in Bickerstaffe G ed., Mastering management, Financial Times/Pitman, 1996

1995

Business finance. 2nd ed.

Higson C J

Butterworth, 1995

Effectiveness of the tax reform process in the UK

Higson C J

Corporation of London, 1995

Process of tax reform in the UK

Higson C J

London Business School/Corporation of London, 1995

1994

Incentive to locate a multinational firm: the effect of proposed tax reform in the UK

Higson C J; Elliott J

International Tax and Public Finance 1994 Vol 1:1 p 81-97

1993

Effective tax rates on UK and foreign income: the impact of the UK budget proposals

Higson C J; Elliott J

British Tax Review 1993 Vol 5 p 330-340

Implications of surplus ACT for the location of financial services

Higson C J; Elliott J

Corporation of London, 1993

Responsiveness of the UK tax reform process

Higson C J

Corporation of London, 1993

Surplus ACT and foreign multinationals

Higson C J; Elliott J

Compliance Monitor 1993 Vol 6:2 p 13

Tax reform and the incentive to locate a multinational firm

Higson C J; Elliott J

in Proceedings of the Bradford Tax Workshop, Institute of Chartered Accountants in England and Wales, 1993

1992

Brands in the balance sheet

Higson C J

in Proceedings of the Intangible Assets Roundtable, Organisation for Economic Co-operation and Development, 1992

1991

Accounting for mergers and acquisitions in the UK

Higson C J

in Proceedings of the Mergers and Acquisitions Symposium, Paris, 1991

Effect of top management remuneration on reported performance

Likierman J A; Higson C J; Taylor A

London Business School/Chartered Institute of Management Accountants, 1991

Performance-related pay: does it affect reported performance?

Likierman J A; Higson C J; Taylor A

Management Accounting 1991 Dec Vol 69:11 p 30

Problem of surplus ACT

Higson C J

100 Group, 1991

Use of accounting information in the analysis of takeovers and mergers: a review

Higson C J

in The future shape of financial reports, ICAEW/ICAS, 1991

1990

Accounting and top management remuneration

Likierman J A; Higson C J; Taylor A

Chartered Institute of Management Accountants, 1990

Accounting information and the capital market

Marsh P R; Barwise T P; Higson C J; Likierman J A

in Power M ed., Brand and goodwill accounting strategies, Woodhead Faulkner, 1990

Brands as separable assets

Likierman J A; Barwise P; Higson C; Marsh P

Business Strategy Review 1990 Vol 1:2 p 43-61

Choice of accounting method in UK mergers and acquisitions

Higson C J

Institute of Chartered Accountants in England and Wales, 1990

1989

Accounting for brands

Barwise T P; Higson C J; Likierman J A; Marsh P R

Institute of Chartered Accountants in England and Wales/London Business School, 1989

Should the value of brands go on the balance sheet?

Likierman J A; Higson C J

Management Accounting 1989 Oct Vol 67:10 p 24

2012

Performance of private equity

Higson C; Stucke R

Social Sciences Research Network

2007

Macroeconomic conditions and business exit: determinants of failures and acquisitions of UK firms

Bhattacharjee A; Higson C; Holly S; Kattuman P

Social Sciences Research Network

Modelling aggregate UK merger and acquisition activity

Higson C J; Holly S; Platis S

Accounting Working Paper

Cross sectional dynamics of the US business cycle: 1950-1999

Higson C J; Holly S; Kattuman P

Accounting Working Paper

1999

Use of CARR in the assessment of profitability by competition authorities

Higson C J

Regulation Initiative Working Paper Series

Finance


  • MIFFT2017 Purpose of Finance F104 Streams A&B AUT16

  • MIFPT2018 Purpose of Finance F014 Stream P AUT16

  • MIFFT2017 Financial Accounting and Analysis Streams A&B AUT16

  • MIFPT2018 Financial Accounting and Analysis Stream P AUT16

  • CFM162 Corporate Finance Modular Programme 1-5 August 2016

  • CFM171 Corporate Finance Modular Programme 23-27 January 2017

Research Interests


  • Financial statement analysis
  • Valuation of information and intangible assets
  • Financial governance and private equity
  • Macroeconomic determinants of company performance models.