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Dr Patrick McColgan


Accounting and Finance

Personal statement

I joined the University of Strathclyde in April 2007 as a Senior Lecturer in Finance. Prior to this I studied Accounting and Finance at undergraduate and postgraduate level at the University of Strathclyde between 1996 and 2003 and was employed as a Lecturer in Finance at the University of Aberdeen between 2003 and 2007.


Has expertise in:

    • Corporate governance
    • Corporate restructuring
    • Security issuance and borrowing source


The market reaction to debt announcements : UK evidence surrounding the global financial crisis
Marshall Andrew, McCann Laura, McColgan Patrick
British Accounting Review, (2018)
Comments on Shan and Walter : towards a set of design principles for executive compensation contracts
Beaumont Stacey, Ratiu Raluca, Reeb David, Boyle Glenn, Brown Philip, Szimayer Alexander, da Silva Rosa Raymond, Hillier David, McColgan Patrick, Tsekeris Athanasios, Howieson Bryan, Matolcsy Zoltan, Spiropoulos Helen, Roberts John, Smith Tom, Zhou Qing, Swan Peter, Taylor Stephen, Wright Sue, Yermack David
Abacus Vol 52, pp. 685-771, (2016)
Financing, fire sales, and the stockholder wealth effects of asset divestiture announcements
Finlay William, Marshall Andrew, McColgan Patrick
Journal of Corporate Finance, (2016)
The choice of debt source for UK firms
Marshall Andrew, McCann Laura, Mccolgan Patrick
Journal of Business Finance and Accounting Vol 43, pp. 729–764, (2016)
How firms manage their cash flows: an examination of diversification's effect
Nguyen Thang, Cai Charlie X, McColgan Patrick
Review of Quantitative Finance and Accounting, (2015)
Equity and debt as options
McColgan Patrick
Wiley Encyclopedia of ManagementWiley Encyclopedia of Management, (2015)

more publications


My teaching interests include corporate finance and corporate governance. 

I have taught on a number of undergraduate and postgraduate finance courses at the Universities of Strathclyde and Aberdeen, and have contributed to postgraduate teaching in the Department of Strategy and Organisation at Strathclyde.  I have also led and delivered these courses in Bahrain, Hong Kong, Oman, Switzerland, Tanzania, and the United Arab Emirates. 

I was nominated for Teaching Excellence Awards at Strathclyde in each year from 2012 to 2016.  From 2007 to 2015 I was course director for the honours finance degree at Strathclyde.  During this period the finance degree consistently achieved above 90% overall satisfaction in the National Student Survey (NSS), which has fed into the department being rated in the top 5 UK universities for Accounting and Finance in the Times, the Independent, and the Guardian.

Research interests

My research is focused on corporate finance, and specifically corporate governance, corporate restructuring transactions and the source of corporate borrowing. 

I have published in a number of leading international finance journals, including the Journal of Corporate Finance, Journal of Banking and Finance, Journal of Financial Research, Journal of Business Finance and Accounting, and International Business Review.