Professor of Financial Economics

John Goddard was appointed Professor of Financial Economics at Bangor University in 2005. He was previously Professor of Economics at Swansea University, and his other previous appointments were at University of Leeds and Abertay University. He also has several years’ practitioner experience in the UK life insurance industry. His research interests are in industrial organization, banking and financial institutions, and the economics of professional sports. He is coauthor of the monograph Economics of Professional Football (2nd edition, Cambridge University Press, 2011) and the textbook Industrial Organization: Competition, Strategy, Policy (4th edition, Pearson, 2013). A coauthored volume on banking for the Oxford Very Short Introductions series is scheduled for publication in 2016.  

Qualifications

• MSc Economics, Birkbeck College, University of London
• BA Economics, Lancaster University

Email: j.goddard@bangor.ac.uk

Research Students Supervisor:

• Mohammed Muharam - Banking and Finance

• Conor McKeating - Sports Modelling
• Waleed Idriss - Banking and Finance

2016

• PublishedBanking: A Very Short Introduction
  Goddard, J. & Wilson, J. O. S., 8 Dec 2016, Oxford University Press. 184 p.
  Research output: Book/Report › Book
• PublishedLong memory and multifractality: A joint test
  Goddard, J. & Onali, E., 1 Jun 2016, In: Physica A: Statistical Mechanics and its Applications. 451, p. 288-294
  Research output: Contribution to journal › Article › peer-review
• PublishedShort selling and exchange traded funds returns: Evidence from the London Stock Exchange
  Mohamad, A., Jaafar, A. & Goddard, J., Jan 2016, In: Applied Economics. 48, 2, p. 152-164
  Research output: Contribution to journal › Article › peer-review

2015

• PublishedInvestor attention and FX market volatility
  Goddard, J. A., Kita, A. & Wang, Q., 19 May 2015, In: Journal of International Financial Markets, Institutions and Money. 38, p. 79-96
  Research output: Contribution to journal › Article › peer-review
• PublishedRegulatory Change and Capital Adjustment of US Credit Unions
  Goddard, J. A., Goddard, J., McKillop, D. & Wilson, J. O., 26 Apr 2015, In: Journal of Financial Services Research.
  Research output: Contribution to journal › Article › peer-review
• PublishedShort-selling ban and cross-sectoral contagion: Evidence from the UK
  Mohamad, A., Jaafar, A. & Goddard, J. A., 1 Dec 2015, In: Journal of Asset Management. 16, 7, p. 484-501
  Research output: Contribution to journal › Article › peer-review

2014

• PublishedDealing with cross-firm heterogeneity in bank efficiency estimates: Some evidence from Latin America
  Goddard, J. A., Goddard, J., Molyneux, P. & Williams, J. M., 1 Mar 2014, In: Journal of Banking and Finance. 40, p. 130-142
  Research output: Contribution to journal › Article › peer-review
• PublishedHandbook on the Economics of Professional Football
  Goddard, J. (Editor) & Sloane, P. (Editor), 2014, Cheltenham: Edward Elgar Publishing Ltd. 480 p.
  Research output: Book/Report › Book
• PublishedOnline publishing and citation success in the accounting, business and economic history of Spain, 1997–2011
  Goddard, J. A., Batiz-Lazo, B., Eskandan, R. & Goddard, J., 28 Aug 2014, In: Investigaciones de Historia Económica - Economic History Research. 11, 3, p. 153-163
  Research output: Contribution to journal › Article › peer-review
• PublishedThe football manager
  Goddard, J., 2014, Handbook on the Economics of Professional Football. Goddard, J. & Sloane, P. (eds.). Cheltenham: Edward Elgar Publishing Ltd, p. 259-276
  Research output: Chapter in Book/Report/Conference proceeding › Chapter
• PublishedThe promotion and relegation system
  Goddard, J., 2014, Handbook on the Economics of Professional Football. Goddard, J. & , P. S. (eds.). Cheltenham: Edward Elgar Publishing Ltd, p. 23-40
  Research output: Chapter in Book/Report/Conference proceeding › Chapter
• PublishedThe Size Distribution of US Banks and Credit Unions
  Goddard, J. A., Goddard, J., Liu, H., McKillop, D. & Wilson, J. O., 6 Feb 2014, In: International Journal of the Economics of Business. 21, 1, p. 139-156
  Research output: Contribution to journal › Article › peer-review

2013

• PublishedAccruals quality, stock returns and asset pricing: Evidence from the UK
  Mouselli, S., Jaafar, A. & Goddard, J. A., 1 Dec 2013, In: International Review of Financial Analysis. 30, p. 203-213
  Research output: Contribution to journal › Article › peer-review
• PublishedUS credit unions: survival, consolidation and growth
  Goddard, J. A., Goddard, J., McKillop, D. & Wilson, J. O., 5 Jul 2013, In: Economic Inquiry. 52, 1, p. 304-319
  Research output: Contribution to journal › Article › peer-review

2012

• PublishedSelf-affinity in financial asset returns
  Goddard, J. A. & Onali, E., 1 Sept 2012, In: International Review of Financial Analysis. 24, p. 1-11
  Research output: Contribution to journal › Article › peer-review
• PublishedShort and long memory in stock returns data
  Goddard, J. A. & Onali, E., 1 Oct 2012, In: Economic Letters. 117, 1, p. 253-255
  Research output: Contribution to journal › Article › peer-review

2011

• PublishedAre European equity markets efficient? New evidence from fractal analysis.
  Onali, E. & Goddard, J. A., 1 Apr 2011, In: International Review of Financial Analysis. 20, 2, p. 59-67
  Research output: Contribution to journal › Article › peer-review

2010

• PublishedBanking in the European Union.
  Goddard, J. A., Goddard, J., Molyneux, P., Wilson, J. O., Berger, A. (Editor) & Molyneux, P. (Editor), 1 Jan 2010, The Oxford Handbook of Banking. 2010 ed. Oxford University Press, p. 807-843
  Research output: Chapter in Book/Report/Conference proceeding › Chapter
• PublishedBank Mergers and Acquisitions in Emerging Markets: Evidence from Asia and Latin America.
  Zhao, T., Goddard, J. A., Molyneux, P., Goddard, J. & Zhou, T., 16 Jul 2010.
  Research output: Contribution to conference › Paper
• PublishedOptimizing strategic behaviour in a dynamic setting in professional team sports.
  Dobson, S. & Goddard, J. A., 16 Sept 2010, In: European Journal of Operational Research. 205, 3, p. 661-669
  Research output: Contribution to journal › Article › peer-review

2009

• PublishedCapital adequecy and capital regulation of US credit unions.
  Goddard, J. A., Goddard, J., McKillop, D. & Wilson, J. O., 1 Jul 2009, In: Bancaria. 7, p. 43-55
  Research output: Contribution to journal › Article › peer-review
• PublishedCompetition in banking: A disequilibrium approach
  Goddard, J. A. & Wilson, J. O., 1 Dec 2009, In: Journal of Banking and Finance. 33, 12, p. 2282-2292
  Research output: Contribution to journal › Article › peer-review
• PublishedIndustrial Organization: Competition, Strategy, Policy. 3rd Edition
  Goddard, J. A., Lipczynski, J., Wilson, J. O. & Goddard, J., 1 Jan 2009, Prentice Hall.
  Research output: Book/Report › Book
• PublishedRacial discrimination in English professional football: evidence from an empirical analysis of players' career progression.
  Goddard, J. A. & Wilson, J. O., 1 Mar 2009, In: Cambridge Journal of Economics. 33, 2, p. 295-316
  Research output: Contribution to journal › Article › peer-review
• PublishedSources of variation in firm profitability and growth.
  Goddard, J. A., Tavakoli, M. & Wilson, J. O., 1 Apr 2009, In: Journal of Business Research. 62, 4, p. 495-508
  Research output: Contribution to journal › Article › peer-review
• PublishedThe crisis in UK banking.
  Goddard, J. A., Goddard, J., Molyneux, P. & Wilson, J. O., 1 Sept 2009, In: Public Money and Management. 29, 5, p. 277-284
  Research output: Contribution to journal › Article › peer-review
• PublishedThe financial crisis in Europe: evolution, policy responses and lessons for the future
  Goddard, J., Molyneux, P. & Wilson, J. O., 2009, In: Journal of Financial Regulation and Compliance. 17, 4, p. 362-380
  Research output: Contribution to journal › Article › peer-review
• PublishedUnifractality and multifractality in the Italian stock market.
  Onali, E. & Goddard, J. A., 1 Sept 2009, In: International Review of Financial Analysis. 18, 4, p. 154-163
  Research output: Contribution to journal › Article › peer-review
• PublishedWhich Credit Unions are Acquired?
  Goddard, J. A., Goddard, J., McKillop, D. & Wilson, J. O., 1 Dec 2009, In: Journal of Financial Services Research. 36, 2-3, p. 231-252
  Research output: Contribution to journal › Article › peer-review

2008

• PublishedDividends, prices and the present value model: firm-level evidence.
  Goddard, J. A., Goddard, J., McMillan, D. G. & Wilson, J. O., 1 Apr 2008, In: European Journal of Finance. 14, 3-4, p. 195-210
  Research output: Contribution to journal › Article › peer-review
• PublishedEfficiency and welfare implications of managed public sector hospital waiting lists
  Goddard, J. A., Goddard, J. & Tavakoli, M., 16 Jan 2008, In: European Journal of Operational Research. 184, 2, p. 778-792
  Research output: Contribution to journal › Article › peer-review
• PublishedThe diversification and financial performance of US credit unions.
  Goddard, J. A., Goddard, J., McKillop, D. & Wilson, J. O., 1 Sept 2008, In: Journal of Banking and Finance. 32, 9, p. 1836-1849
  Research output: Contribution to journal › Article › peer-review
• PublishedWhat drives the performance of cooperative financial institutions? Evidence for US credit unions.
  Goddard, J. A., Goddard, J., McKillop, D. & Wilson, J. O., 1 Jun 2008, In: Applied Financial Economics. 18, 11, p. 879-893
  Research output: Contribution to journal › Article › peer-review

2007

• PublishedAre football referees really biased and inconsistent? Evidence on the incidence of disciplinary sanction in the English Premier League
  Goddard, J. A., Dawson, P., Dobson, S., Goddard, J. & Wilson, J. O., 1 Jan 2007, In: Journal of the Royal Statistical Society Series A (Statistics in Society). 170, 1, p. 231-250
  Research output: Contribution to journal › Article › peer-review
• PublishedEuropean banking: An overview
  Goddard, J. A., Goddard, J., Molyneux, P., Wilson, J. O. & Tavakoli, M., 1 Jul 2007, In: Journal of Banking and Finance. 31, 7, p. 1911-1935
  Research output: Contribution to journal › Article › peer-review
• PublishedIs the ref blind? Crime and punishment in English Premier League football.
  Goddard, J. A. & Goddard, J., 1 Jan 2007, In: Significance. 4, 2, p. 63-66
  Research output: Contribution to journal › Article › peer-review
• PublishedWho transfers credit risk? Determinants of the use of credit derivatives by large US banks
  Ashraf, D., Altunbas, Y. & Goddard, J. A., 1 Jul 2007, In: European Journal of Finance. 13, 5, p. 483-500
  Research output: Contribution to journal › Article › peer-review

2006

• PublishedDividend smoothing vs dividend signalling: evidence from UK firms
  Goddard, J. A., Goddard, J., McMillan, D. G. & Wilson, J. O., 1 Jan 2006, In: Managerial Finance. 32, 6, p. 493-504
  Research output: Contribution to journal › Article › peer-review
• PublishedDo firm sizes and profit rates converge? Evidence on Gibrat’s Law and the persistence of profits in the long run
  Goddard, J. A., Goddard, J., McMillan, D. G. & Wilson, J. O., 1 Feb 2006, In: Applied Economics. 38, 3, p. 267-278
  Research output: Contribution to journal › Article › peer-review
• PublishedModelling employment durations of NHL head coaches: Turnover and post-succession performance
  Goddard, J. A., Audas, R., Goddard, J. & Rowe, W. G., 1 Jun 2006, In: Managerial and Decision Economics. 27, 4, p. 293-306
  Research output: Contribution to journal › Article › peer-review
• PublishedThe efficiency of the UK fixed-odds betting market for Euro 2004
  Goddard, J. A., Goddard, J. & Thomas, S., 1 Feb 2006, In: International Journal of Sport Finance. 1, 1, p. 21-32
  Research output: Contribution to journal › Article › peer-review
• PublishedThe Stock Market Effects of the Sale of Live Broadcasting Rights for English Premiership Football
  Goddard, J. A., Gannon, J., Evans, K. & Goddard, J., 1 Jan 2006, In: Journal of Sports Economics. 7, 2, p. 168-186
  Research output: Contribution to journal › Article › peer-review

2005

• PublishedDeterminants of profitability in European manufacturing and services: evidence from a dynamic panel model
  Goddard, J. A., Goddard, J., Tavakoli, M. & Wilson, J. O., 1 Dec 2005, In: Applied Financial Economics. 15, 18, p. 1269-1282
  Research output: Contribution to journal › Article › peer-review
• PublishedEconomics of sport
  Goddard, J. A., Goddard, J., Sloane, P. & Bowmaker, S. (Editor), 1 Jan 2005, Economics Uncut: A Complete Guide to Life: Death and Misadventure. 2005 ed. Edward Elgar Publishing Ltd
  Research output: Chapter in Book/Report/Conference proceeding › Chapter
• PublishedHome advantage and the debate about competitive balance in professional sports leagues
  Goddard, J. A., Forrest, D., Beaumont, J., Goddard, J. & Simmons, R., 1 Apr 2005, In: Journal of Sports Sciences. 23, 4, p. 439-445
  Research output: Contribution to journal › Article › peer-review
• PublishedOdds setters as forecasters: the case of English football
  Goddard, J. A., Forrest, D., Goddard, J. & Simmons, R., 1 Jul 2005, In: International Journal of Forecasting. 21, 3, p. 551-564
  Research output: Contribution to journal › Article › peer-review
• PublishedPanel unit root tests of the size and growth of large US credit unions
  Goddard, J. A., Goddard, J., McKillop, D. G. & Wilson, J. O., 1 Jan 2005, In: Managerial Finance. 31, 11, p. 36-49
  Research output: Contribution to journal › Article › peer-review
• PublishedRegression models for forecasting goals and match results in association football
  Goddard, J. A. & Goddard, J., 1 Apr 2005, In: International Journal of Forecasting. 21, 2, p. 331-340
  Research output: Contribution to journal › Article › peer-review
• PublishedUS Credit Unions: An Empirical Investigation of Size, Age and Growth
  Goddard, J. A., Goddard, J. & Wilson, J. O., 9 Sept 2005, In: Annals of Public and Cooperative Economics. 76, 3, p. 375-406
  Research output: Contribution to journal › Article › peer-review

2004

• PublishedDynamics of growth and profitability in banking
  Goddard, J. A., Molyneux, P. & Wilson, J. O., Dec 2004, In: Journal of Money, Credit and Banking. 36, 6, p. 1069-1090
  Research output: Contribution to journal › Article › peer-review
• PublishedForecasting football match results and the efficiency of fixed-odds betting.
  Goddard, J. A., Goddard, J. & Asimakopoulos, I., 1 Jan 2004, In: Journal of Forecasting. 23, 1, p. 51-66
  Research output: Contribution to journal › Article › peer-review
• PublishedModelling and forecasting match tesults in the English Premier League and Football League
  Goddard, J. A., Dobson, S., Goddard, J., Butenko, S. (Editor), Gil-Lafuente, J. (Editor) & Pardalos, P. M. (Editor), 1 Jan 2004, Economics: Management and Optimization in Sports. 2004 ed. Springer International Publishing, p. 59-78
  Research output: Chapter in Book/Report/Conference proceeding › Chapter
• PublishedOwnership and finance of professional football in England and Europe
  Goddard, J. A., Dobson, S., Goddard, J., Fort, R. D. (Editor) & Fizel, J. (Editor), 1 Jan 2004, International Sports Economics Comparisons. 2004 ed. Praeger Publishers Inc, p. 189-206
  Research output: Chapter in Book/Report/Conference proceeding › Chapter
• PublishedRevenue divergence and competitive balance in a divisional sports league
  Goddard, J. A., Dobson, S. & Goddard, J., 1 Aug 2004, In: Scottish Journal of Political Economy. 51, 3, p. 359-376
  Research output: Contribution to journal › Article › peer-review
• PublishedShareholders and corporate elections
  Goddard, J. A., Chakravarty, S. P., Goddard, J. & Hodgkinson, L., 1 Jan 2004, In: Journal of Management and Governance. 8, 2, p. 173-186
  Research output: Contribution to journal › Article › peer-review
• PublishedThe profitability of European banks: A cross-sectional and dynamic panel analysis
  Goddard, J. A., Molyneux, P. & Wilson, J. O., 1 Jun 2004, In: Manchester School. 72, 3, p. 363-381
  Research output: Contribution to journal › Article › peer-review

2003

• PublishedPersistence in sequences of football match results: A Monte Carlo analysis
  Goddard, J. A., Dobson, S. & Goddard, J., 16 Jul 2003, In: European Journal of Operational Research. 148, 2, p. 247-256
  Research output: Contribution to journal › Article › peer-review

2002

• PublishedPanel tests of Gibrat's Law for Japanese manufacturing.
  Goddard, J. A., Goddard, J., Wilson, J. O. & Blandon, P., 1 Mar 2002, In: International Journal of Industrial Organization. 20, 3, p. 415-433
  Research output: Contribution to journal › Article › peer-review
• PublishedThe growth of US credit unions.
  Goddard, J. A., Goddard, J., McKillop, D. G. & Wilson, J. O., 1 Jan 2002, In: Journal of Banking and Finance. 26, 12, p. 2327-2356
  Research output: Contribution to journal › Article › peer-review
• PublishedThe impact of managerial change on team performance in professional sports
  Goddard, J. A., Audas, R., Dobson, S. & Goddard, J., 1 Nov 2002, In: Journal of Economics and Business. 54, 6, p. 633-650
  Research output: Contribution to journal › Article › peer-review

2001

• PublishedAbsenteeism, seasonality and the business cycle
  Goddard, J. A., Audas, R. & Goddard, J., 1 Jul 2001, In: Journal of Economics and Business. 53, 4, p. 405-419
  Research output: Contribution to journal › Article › peer-review
• PublishedCross sectional and panel estimation of convergence
  Goddard, J. A., Goddard, J. & Wilson, J., 1 Mar 2001, In: Economics Letters. 70, 3, p. 327-333
  Research output: Contribution to journal › Article › peer-review
• PublishedEuropean banking: technology, efficiency and growth
  Goddard, J. A., Goddard, J., Molyneux, P. & Wilson, J. O., 1 Jan 2001, John Wiley & Sons.
  Research output: Book/Report › Book
• PublishedLeague structure and match attendances in English rugby league
  Goddard, J. A., Dobson, S., Goddard, J. & Wilson, J. O., 1 Jul 2001, In: International Review of Applied Economics. 15, 3, p. 335-351
  Research output: Contribution to journal › Article › peer-review
• PublishedRevenue Convergence in the English Soccer League
  Goddard, J. A., Dobson, S., Goddard, J. & Ramlogan, C., 1 Jan 2001, In: Journal of Sports Economics. 2, 3, p. 257-274
  Research output: Contribution to journal › Article › peer-review
• PublishedThe Economics of Football
  Goddard, J. A., Dobson, S. & Goddard, J., 1 Jan 2001, Cambridge University Press.
  Research output: Book/Report › Book

Activities

Visiting appointments   

Ente Luigi Einaudi, Rome (2007)

University of Crete, Greece (2008)

Prestigious awards

(i)     a one-year Leverhulme Research Fellowship in 2002 (the success rate for applications was 10%);

(ii)     a three-month Targeted Research Fellowship by Entre Luigi Einaudi in 2007, to work on the Bank of Italy’s Competition in Banking and Financial Markets project;

(iii)    a four-month Fellowship by the Marie Curie Foundation in 2007 (to be taken up in Spring 2008) to work with Kanas on a collaborative project on econometric modelling of long-duration financial time series, based at the University of Crete.

Editorial board membership

International Journal of Sports Finance, Journal of Sports Economics

PhD external examinations

St Andrews, Lancaster

Keynote addresses, and other prestigious guest presentations

Invited speaker – Institute for Operations Research and Management Sciences annual conference, San Francisco (2005)

UK Government Statistical Service conference for statistical officers (2006)

Organisation of conferences, learned societies and consortia

Member of the Scientific Committee for the 2007 International Conference in Mathematical Modelling in Sport, organised by the Institute of Mathematics and its Applications (IMAS)

Other indicators of the impact of research

The outstanding quality of research by John Goddard into the financial and competitive structure of professional sport has been emphasised consistently by book reviewers (British Journal of Industrial Relations, Review of Industrial Organization, Economic Record), highlighting in particular the advanced econometric technique. The statistical analyses by Goddard on football received widespread publicity in 2006, including The Times, The Guardian, The Daily Mail and The Sun.