Prof Jon Williams

Head of Bangor Business School and Professor of Banking and Finance

Professor Jonathan Williams is Professor of Banking and Finance. He holds an Honorary Fellowship for Teaching from Bangor University.

Jonathan’s current research interests focus on bankers’ pay, risk-taking and bank efficiency; performance characteristics of family-owned firms; and the effects of diversification upon risk. He is known for his early work on European savings banks with published works on management behaviour; bank efficiency; regional banking; technical change and productivity; and economies of scale. His more recent work centres on financial liberalisation in banking sectors in the emerging markets, and includes studies of bank restructuring; market power and competition; bank privatisation; foreign bank entry; governance; and mergers and acquisitions.

Professor Williams is a contributor to major banking sector studies commissioned by the European Commission, UK Treasury, and the Spanish Savings Banks Foundation amongst others.

2017

• The effect of family control on value and risk-taking in Mexico
  
  Poletti-Hughes, J & Williams, J 2017, 'The effect of family control on value and risk-taking in Mexico: A socioemotional wealth approach', International Review of Financial Analysis. https://doi.org/10.1016/j.irfa.2017.02.005
• Bank Diversification and Financial Conglomerates in Europe
  
  Dontis_Charitos, P, Staikouras, S & Williams, J 2017, Bank Diversification and Financial Conglomerates in Europe. in T Beck & B Casu (eds), The Palgrave Handbook of European Banking. 1 edn, Palgrave Macmillan, London, pp. 49-79. https://doi.org/10.1057/978-1-137-52144-6_3

2016

• What’s in an education? Implications of CEO education for bank performance
  
  King, T, Srivastav, A & Williams, J 2016, 'What’s in an education? Implications of CEO education for bank performance', Journal of Corporate Finance, vol. 37, no. April, pp. 287-308. https://doi.org/10.1016/j.jcorpfin.2016.01.003
• Diversification, Size and Risk: the Case of Bank Acquisitions of Nonbank Financial Firms
  
  Casu, B, Dontis-Charitos, P, Staikouras, S & Williams, JM 2016, 'Diversification, Size and Risk: the Case of Bank Acquisitions of Nonbank Financial Firms', European Financial Management, vol. 22, no. 2, pp. 235-275. https://doi.org/10.1111/eufm.12061

2015

• Electronic banking
  
  Williams, JM & Cooper, CL (ed.) 2015, Electronic banking. in Blackwell Encyclopedia of Management Volume 4: Finance. 2015 edn, Blackwell Publishing.

2014

• Banking in Latin America
  
  Carim de Carvalho, FJ, de Paula, LF, Williams, JM, Berger, AN (ed.), Molyneux, P (ed.) & Wilson, J (ed.) 2014, Banking in Latin America. in The Oxford Handbook of Banking. 2014 edn, Oxford University Press, pp. 984-1016.
• Dealing with cross-firm heterogeneity in bank efficiency estimates: Some evidence from Latin America
  
  Goddard, JA, Goddard, J, Molyneux, P & Williams, JM 2014, 'Dealing with cross-firm heterogeneity in bank efficiency estimates: Some evidence from Latin America', Journal of Banking and Finance, vol. 40, pp. 130-142. https://doi.org/10.1016/j.jbankfin.2013.11.025
• Rationalizing the value premium in emerging markets
  
  Ebrahim, MS, Girma, S, Shah, ME & Williams, JM 2014, 'Rationalizing the value premium in emerging markets', Journal of International Financial Markets, Institutions and Money, vol. 29, pp. 51-70. https://doi.org/10.1016/j.intfin.2013.11.005
• Dynamic capital structure and political patronage
  
  Ebrahim, MS, Girma, S, Shah, ME & Williams, JM 2014, 'Dynamic capital structure and political patronage: The case of Malaysia', International Review of Financial Analysis, vol. 31, pp. 117-128. https://doi.org/10.1016/j.irfa.2013.11.004

2013

• The random parameters stochastic frontier cost function and the effectiveness of public policy: Evidence from bank restructuring in Mexico
  
  Barros, CP & Williams, JM 2013, 'The random parameters stochastic frontier cost function and the effectiveness of public policy: Evidence from bank restructuring in Mexico', International Review of Financial Analysis, vol. 30, pp. 98-108. https://doi.org/10.1016/j.irfa.2013.06.006
• Bank efficiency in Latin America
  
  Molyneux, P, Williams, JM & Pasiouras, F (ed.) 2013, Bank efficiency in Latin America. in Efficiency and Productivity Growth: Modelling in the Financial Services Industry. 2013 edn, Wiley-Blackwell, pp. 1-18.

2012

• Bank restructuring and bank stability in Latin America
  
  Vo, N, Williams, JM, Fernández de Guevara Radoselovics, J (ed.) & Monsalvez, JP (ed.) 2012, Bank restructuring and bank stability in Latin America. in Modern Bank Behaviour. 2012 edn, Palgrave Macmillan Publishing, pp. 48-67.
• Efficiency and market power in Latin American banking
  
  Williams, JM 2012, 'Efficiency and market power in Latin American banking', Journal of Financial Stability, vol. 8, no. 4, pp. 263-276. https://doi.org/10.1016/j.jfs.2012.05.001

2011

• The Luenberger indicator and productivity growth: a note on the European savings banks sector.
  
  Williams, JM, Peypoch, N & Barros, CP 2011, 'The Luenberger indicator and productivity growth: a note on the European savings banks sector.', Applied Economics, vol. 43, no. 6, pp. 747-755. https://doi.org/10.1080/00036840802599859

2010

• A note on productivity change in European cooperative banks: the Luenberger indicator approach.
  
  Barros, CP, Peypoch, N & Williams, JM 2010, 'A note on productivity change in European cooperative banks: the Luenberger indicator approach.', International Review of Applied Economics, vol. 24, no. 2, pp. 137-147. https://doi.org/10.1080/02692171003590047
• What does bank financial profile tells us about mergers and acquisitions in Latin American banking?
  
  Williams, FC, Williams, JM, Fiordelisi, F (ed.), Molyneux, P (ed.) & Previati, D (ed.) 2010, What does bank financial profile tells us about mergers and acquisitions in Latin American banking? in New Issues in Financial Institutions Management. 2010 edn, Palgrave Macmillan, pp. 153-170.

2009

• Banking in Latin America.
  
  Carvalho, FJ, Paula, LF, Williams, JM, Berger, AN (ed.), Molyneux, P (ed.) & Wilson, JO (ed.) 2009, Banking in Latin America. in The Oxford Handbook of Banking. 2009 edn, Oxford University Press, pp. 868-902.

2008

• Bank performance and governance change in Latin America.
  
  Williams, JM 2008, 'Bank performance and governance change in Latin America.' Paper presented at AIDEA Conference on Corporate Governance, Naples, 3/01/01, .
• Are European savings banks too small? A comparison of scale economies and scale efficiency.
  
  Williams, JM 2008, 'Are European savings banks too small? A comparison of scale economies and scale efficiency.', Journal of Financial Decision Making, vol. 4, no. 2, pp. 45-58.
• Does ownership explain bank M&A? The case of domestic banks and foreign banks in Brazil.
  
  Williams, FC, Williams, JM, Arestis, P (ed.) & De Paula, LF (ed.) 2008, Does ownership explain bank M&A? The case of domestic banks and foreign banks in Brazil. in Financial Liberalization and Economic Performance in Emerging Countries.. 2008 edn, Palgrave Macmillan, pp. 194-216.
• La UEM y el Sistema Bancario Europeo.
  
  Gardener, EP, Molyneux, P & Williams, JM 2008, 'La UEM y el Sistema Bancario Europeo.', Papeles de Economica Espanola, vol. 84-85, pp. 118-135.
• The search for value: cross-border bank M&A in emerging markets.
  
  Williams, JM & Liao, A 2008, 'The search for value: cross-border bank M&A in emerging markets.', Comparative Economic Studies, vol. 50, pp. 274-296. https://doi.org/10.1057/ces.2008.2

2007

• Bank failure, restructuring-driven and market-driven M&A in Latin America: What can bank financial profile tell us?
  
  Cardias Williams, F & Williams, JM 2007, 'Bank failure, restructuring-driven and market-driven M&A in Latin America: What can bank financial profile tell us?' Paper presented at Universidad Lusófona do Porto, Oporto, Portugal, 3/01/01, .
• Analysing the determinants of performance of best and worst European banks: a mixed logit approach.
  
  Barros, CP, Ferriera, C & Williams, JM 2007, 'Analysing the determinants of performance of best and worst European banks: a mixed logit approach.', Journal of Banking and Finance, vol. 31, no. 7, pp. 2189-2203. https://doi.org/10.1016/j.jbankfin.2006.11.010
• Does ownership explain bank M&A? The case of domestic banks and foreign banks in Brazil.
  
  Cardias Williams, F & Williams, JM 2007, 'Does ownership explain bank M&A? The case of domestic banks and foreign banks in Brazil.' Paper presented at University of Essex, 3/01/01, .
• Cross-border bank M&A in emerging markets – value creation or destruction?
  
  Williams, JM, Liao, A, Molyneux, P (ed.) & Vallelado, E (ed.) 2007, Cross-border bank M&A in emerging markets – value creation or destruction? in Frontiers of Banks in a Global Economy. 2007 edn, Palgrave Macmillan, pp. 59-77.
• The financial system in Asia and Australia.
  
  Williams, JM & Nguyen, N 2007, 'The financial system in Asia and Australia.', Papeles de Economica Espanola, vol. 110, pp. 116-144.

2006

• Does ownership explain bank M&A? The case of domestic banks and foreign banks in Brazil.
  
  Cardias Williams, F & Williams, JM 2006, 'Does ownership explain bank M&A? The case of domestic banks and foreign banks in Brazil.' Paper presented at Workshop on ‘Financial Liberalization and Economic Performance: the experience of Brazil and other emerging countries. ’Centre for Brazilian Studies, University of Oxford., 3/01/01, .
• Do win-win outcomes exist? A study of cross-border M&A transactions in emerging markets.
  
  Williams, JM 2006, 'Do win-win outcomes exist? A study of cross-border M&A transactions in emerging markets.' Paper presented at Journal of Banking and Finance 30th Anniversary Conference, “Changes in the Worlds Financial Markets in the last 30 Years and its Implications for the Future”, Peking University, Beijing, China, 3/01/01, .
• Implications of news asymmetries in foreign exchange markets.
  
  Williams, JM 2006, 'Implications of news asymmetries in foreign exchange markets.' Paper presented at European Financial Management Symposium on Behavioural Finance, Durham, 3/01/01, .
• How significant is the alleged unfair advantage enjoyed by state-owned banks in Germany?
  
  Chakravarty, SP & Williams, JM 2006, 'How significant is the alleged unfair advantage enjoyed by state-owned banks in Germany?', Cambridge Journal of Economics, vol. 30, no. 2, pp. 219-226. https://doi.org/10.1093/cje/bei042
• Do win-win outcomes exist? A study of cross-border M&A transactions in emerging markets.
  
  Williams, JM 2006, 'Do win-win outcomes exist? A study of cross-border M&A transactions in emerging markets.' Paper presented at The Wolpertinger Conference: The Frontiers of Banks in a Global World. University of Valladolid, Spain, 3/01/01, .
• El sistema financiero en Asia y Australia.
  
  Nguyen, N & Williams, JM 2006, 'El sistema financiero en Asia y Australia.', Papeles de Economica Espanola, vol. 10, pp. 116-144.

2005

• Financial liberalisation, crisis and restructuring: a comparative study of bank performance and bank governance in South East Asia
  
  Williams, JM & Nguyen, N 2005, 'Financial liberalisation, crisis and restructuring: a comparative study of bank performance and bank governance in South East Asia', Journal of Banking and Finance, vol. 29, no. 8&9, pp. 2119-2154. https://doi.org/10.1016/j.jbankfin.2005.03.011
• Beginning to think about Need: Public Spending in the Regions.
  
  Mackay, RR & Williams, JM 2005, 'Beginning to think about Need: Public Spending in the Regions.', Regional Studies, vol. 39, no. 6, pp. 815-828.
• Electronic banking.
  
  Williams, JM & Garrett, I (ed.) 2005, Electronic banking. in The Blackwell Encyclopedia of Management – Finance. 2005 edn, Blackwell.
• The Productivity of European Co-operative Banks.
  
  Molyneux, P & Williams, JM 2005, 'The Productivity of European Co-operative Banks.', Managerial Finance, vol. 31, no. 11, pp. 26-35. https://doi.org/10.1108/03074350510769947

2004

• Determining management behaviour in European banking.
  
  Williams, JM 2004, 'Determining management behaviour in European banking.', Journal of Banking and Finance, vol. 28, no. 10, pp. 2427-2460. https://doi.org/10.1016/j.jbankfin.2003.09.010
• Volatility transmission and changes in stock market interdependence in the European Community.
  
  Liao, A & Williams, JM 2004, 'Volatility transmission and changes in stock market interdependence in the European Community.', European Review of Economics and Finance, vol. 3, no. 3, pp. 203-231.
• Liberalisation, ownership, efficiency and productivity issues: A comparative study of South East Asian banking.
  
  Williams, JM & Nguyen, N 2004, 'Liberalisation, ownership, efficiency and productivity issues: A comparative study of South East Asian banking.' Paper presented at University of Wales Accounting and Finance Colloquium, Gregynog, 3/01/01, .

2003

• Liberalisation, ownership, and efficiency: A comparative study of South East Asian banking.
  
  Williams, JM & Nguyen, N 2003, 'Liberalisation, ownership, and efficiency: A comparative study of South East Asian banking.' Paper presented at Conference on Bank Privatization in Low and Middle Income Countries, Washington DC., 3/01/01, .
• Volatility transmission and changes in stock market interdependence in the European Community.
  
  Liao, A & Williams, JM 2003, 'Volatility transmission and changes in stock market interdependence in the European Community.' Paper presented at 2nd CIEF Workshop European Integration and Banking Efficiency, Lisbon, Portugal, 3/01/01, .
• The efficiency of European regional banking.
  
  Williams, JM & Gardener, EP 2003, 'The efficiency of European regional banking.', Regional Studies, vol. 37, no. 4, pp. 321-330. https://doi.org/10.1080/0034340032000074361
• Determining management behaviour in European banking.
  
  Williams, JM 2003, 'Determining management behaviour in European banking.' Paper presented at Deutsche Bundesbank, 3/01/01, .
• A Note on Technical Change in Banking: The Case of European Savings Banks.
  
  Carbo, S, Gardener, EP & Williams, JM 2003, 'A Note on Technical Change in Banking: The Case of European Savings Banks.', Applied Economics, vol. 35, no. 6, pp. 705-719.
• Competitive Banking in the EU and Euroland.
  
  Gardener, EP, Molyneux, P, Williams, JM, Mullineux, AW (ed.) & Murinde, V (ed.) 2003, Competitive Banking in the EU and Euroland. in Handbook of international banking. 2003 edn, Edward Elger, pp. 130-156.
• The competitiveness of regional banking in the Europe of the euro.
  
  Williams, JM & Donges, JB (ed.) 2003, The competitiveness of regional banking in the Europe of the euro. in The financial system in the Europe of the euro. 2003 edn, ICO Foundation.

2002

• The monitoring of structural changes and trends in the internal market for financial services.
  
  Williams, JM 2002, The monitoring of structural changes and trends in the internal market for financial services. Unknown.
• Are European savings banks too small? A comparison of scale economies and scale efficiency.
  
  Williams, JM 2002, 'Are European savings banks too small? A comparison of scale economies and scale efficiency.' Paper presented at Centra: Fundación Centro de Estudios Andaluces, University of Granada, Spain, 3/01/01, .
• Financial liberalisation and the profit efficiency of domestic-owned and foreign-owned banks in Thailand.
  
  Williams, JM & Intarachote, T 2002, 'Financial liberalisation and the profit efficiency of domestic-owned and foreign-owned banks in Thailand.' Paper presented at Workshop on Efficiency and Productivity Analysis, University of Leicester Management Centre, 3/01/01, .
• Efficiency in Banking: Empirical Evidence from the Savings Banks Sector.
  
  Carbo, S, Gardener, EP & Williams, JM 2002, 'Efficiency in Banking: Empirical Evidence from the Savings Banks Sector.', Manchester School, vol. 70, no. 2, pp. 204-228. https://doi.org/10.1111/1467-9957.00292
• Monitoring changes and structural trends in the domestic market for financial services: Interpretational scheme of the system of indicators to be used: preliminary results.
  
  Williams, JM 2002, Monitoring changes and structural trends in the domestic market for financial services: Interpretational scheme of the system of indicators to be used: preliminary results. Unknown.

2001

• Financial deregulation and productivity change in European banking.
  
  Williams, JM 2001, 'Financial deregulation and productivity change in European banking.', Revue de la Banque, pp. 470-477.
• Bad luck or bad management: Management behaviour in European banking.
  
  Williams, JM 2001, 'Bad luck or bad management: Management behaviour in European banking.' Paper presented at Annual Seminar of the European Association of University Teachers of Banking and Finance, Malaga, 3/01/01, .
• Institutional investment flows and the regions of the UK: a case for a new financial infrastructure?
  
  Williams, JM, Gardener, E (ed.) & Versliys, P (ed.) 2001, Institutional investment flows and the regions of the UK: a case for a new financial infrastructure? in Bank Strategies and Challenges in the New Europe. 2001 edn, Macmillan. https://doi.org/10.1057/9780333992760

2000

• The Size and Growth of Banks: Evidence from Four European Countries.
  
  Wilson, JO & Williams, JM 2000, 'The Size and Growth of Banks: Evidence from Four European Countries.', Applied Economics, vol. 32, no. 9, pp. 1101-1109. https://doi.org/10.1080/000368400404245
• Efficiency in Banking: empirical evidence from the savings banks sector.
  
  Williams, JM & Gardener, EP 2000, 'Efficiency in Banking: empirical evidence from the savings banks sector.' Paper presented at Valencia Institute of Economic Research (IVIE), Valencia, 3/01/01, .
• Adaptive strategies by European savings banks: a case study of Spain.
  
  Carbo, S, Gardener, EP, Molyneux, P, Williams, JM, Gardener, E (ed.) & Falzon, J (ed.) 2000, Adaptive strategies by European savings banks: a case study of Spain. in Strategic Challenges in European Banking. 2000 edn, Macmillan.
• Efficiency and technical change in Europe’s Savings Banks Industry.
  
  Carbo, S, Gardener, EP & Williams, JM 2000, 'Efficiency and technical change in Europe’s Savings Banks Industry.', Revue de la Banque, vol. 64, no. 6, pp. 381-394.
• Efficiency in European Regional Banking.
  
  Williams, JM & Gardener, EP 2000, 'Efficiency in European Regional Banking.' Paper presented at Annual Seminar of the European Association of University Teachers of Banking and Finance, Goteborg, 3/01/01, .
• Stakeholder Value in European Savings Banks.
  
  Carbo, S, Williams, JM & Schuster, L (ed.) 2000, Stakeholder Value in European Savings Banks. in Shareholder Value Management in Banks. 2000 edn, Macmillan.

• OPTIBANK-Optimizing Research and Doctoral Progr. in Banking and Finance in Indonesian universities