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Dr Bernadette Power

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Lecturer

Department of Economics, Áras Na Laoi, University College Cork

+353 21 490 2986 b.power@ucc.ie LinkedIn Profile

Biography

Biography


Dr. Bernadette Power is a lecturer in the Department of Economics, University College Cork. Her Ph.D. from the Department of Economics and Finance, University of St. Andrews focussed on the survival of small businesses in Scotland.  Bernadette’s principal research interests are in the area of small business economics and entrepreneurship.  She has published in this area in the Review of Industrial Organization, The European Journal of Finance, The Irish Journal of Management, The International Journal of the Economics of Business and in a number of Chapters in books including The Foundations of Small Business Enterprise: An Entrepreneurial Analysis of Small Firm Inception. She has received awards for her research including the recent Transeo Academic Best Paper Award by the European Association for SME Transfer.  This research was IRCHSS funded project on small business succession in Ireland (with Dr. Geraldine Ryan).  Her work on long-lived small firms with Prof. Gavin Reid (University of St. Andrews) has been presented at the Welsh Economic Assembly and other policy forums.

 

Research Interests

 

Entrepreneurship

Small Business Economics

Entrepreneurial Exit

Business Performance

Firm Survival

Real Options

Survey Research Methods

 

Research Grants


Project: IRCHSS Endgames of Small Enterprises in Ireland ( R12454)
Funding Body: Irish Research Council for Humanities and Social Sciences (IRCHSS)
Start/End Dates: 03-MAR-08 / 30-APR-10 Award: €37,750.00 Project: Environmental Outcomes From Licence Enforcement. ( R18002)
Funding Body: Environment Protection Agency (EPA)
Start/End Dates: 08-JAN-18 / 04-AUG-19 Award: €48,670.00 Project: Forecasting Methods in a Retail Context. ( R15682)
Funding Body: Enterprise Irl
Start/End Dates: 01-JUN-14 / 30-SEP-17 Award: €6,500.00

 

Book Chapters


Ryan, G. and B. Power (2009) 'Does the Technological Sophistication of a Firm Influence an Owner-Mangers Choice of Exit Mode?' In: Rahman, H (eds). Handbook of Research on E-Government Readiness for Information and Service Exchange: Utilizing Progressive Information Communication Technologies. PA, USA: ICG Global. http://www.igi-global.com/book/handbook-research-government-readiness-information/460

Ryan, G. and B. Power (2009) 'SME Exit Mode Choice; Some Lessons for Public Policy' In: Duffy, D. and Shinnick, E (eds). Public Goods, Public Policy and Taxation: A European Perspective. Berlin: LIT Verlag. http://Public Goods, Public Policy and Taxation: A European Perspective

Power, B. (2008) 'Real Options Analysis As A Tool For Managerial Decision Making' In: Adam, F. and P. Humphreys (eds). Encyclopaedia of Decision Making and Decision Support Technologies. Pennsylvania and London: Ideas Group Reference. http://www.igi-global.com/book/encyclopedia-decision-making-decision-support/348

Power, B. and G.C. Reid (2007) 'Flexibility' In: The Foundations of Small Business Enterprise: An Entrepreneurial Analysis of Small Firm Inception and Growth. Oxford: Routledge.

Power, B. and G.C. Reid (2007) 'Flexibility, Firm-Specific Turbulence and the Performance of the Long-lived small Firm' In: The Foundations of Small Business Enterprise: An Entrepreneurial Analysis of Small Firm Inception and Growth. Oxford: Routledge.
 

Peer Reviewed Journals


Power, B., J. Doran, and G. Ryan (2019) 'The Effect of Agglomeration Economies on Firm Deaths: A Comparison of Firm and Regional Based Approaches'. Urban Studies, .

Power, B;Reid, GC (2018) 'Decision support for firm performance by real options analytics'. Managerial and Decision Economics, 39 :56-64.

Power, B. and Reid, G.C. (2015) 'Performance and strategy: simultaneous equations analysis of long-lived firms'. International Journal of the Economics of Business, 22 (3):345-377.

Lonergan, BJ;Meaney, S;Perry, IJ;Comber, H;Power, B;Bradley, C;Greiner, BA (2014) 'Smokers Still Underestimate the Risks Posed by Secondhand Smoke: A Repeated Cross-Sectional Study'. Nicotine and Tobacco Research, 16 :1121-1128.

Power, B;Reid, GC (2013) 'Organisational change and performance in long-lived small firms: a real options approach'. European Journal Of Finance, 19 :791-809.

Ryan, G. and Power, P. (2012) 'Small Business Transfer decisions: What Really Matters? Evidence from Ireland and Scotland'. The Irish Journal of Management (incorporating IBAR), 31 (2):99-125.

Power, B. and Reid, G.C. (2005) 'Flexibility, Firm-Specific Turbulence and the Performance of the Long-lived small Firm'. Review of industrial Organization, 26 (4):415-443. http://link.springer.com/article/10.1007/s11151-005-0224-5#page-1

Power, B., Neilson, S. and I.J. Perry. (2005) 'Perception of the Risks of Smoking in the General Population and Among General Practitioners in Ireland'. Irish Journal of Medical Science, 173 (3):144-147.
 

Edited Books


Power, B. and Shinnick, E (Ed.). (2009) The Economics of Corporate Strategy 2nd edition The Economics of Corporate Strategy 2nd edition. Chichester, England: Wiley.
 

Conference Publications


Doran, J. and B. Power (2018) The Spatial Determinants of Entrepreneurship Rates across European Regions European Regional Science Association 58th Annual Congress

Ryan, G. and B. Power (2010) Business Transfer Decisions: What matters? Evidence form Scotland and Ireland Conference proceedings of the 5th European Conference on Innovation and Entrepreneurship

Ryan, G. and B. Power (2009) Exit Routes: What are your Options? Babson College Entrepreneurship Research Conference Babson Park

Ryan, G. and B. Power (2009) Exit Routes: A Comparative Analysis using Irish and Scottish Data Ankara University International Conference on Market, Marketing & Entrepreneurship: Creating & Capturing Value in 21st Century Antalya, Turkey,
 

Cases


Power, B. (2001) The Rationality of the Decision to Smoke. London: Cases.

Power, B. (2001) The Consumer Price Index: Not a True Cost of Living Index. London: Cases.

Power, B. (1998) Entry Deterrence in the Irish Pharmaceutical Sector. London: Cases.

Power, B. (1998) An Inflated Inflation Rate: An Oversimplified View of Inflation. London: Cases.
 

Published Reports


B. Power and G. Ryan ; (2009) Business Transfers in Ireland. unknown, Ireland.

O'Leary, E. Power, B and Twomey, C.; (2000) Economic Impact of the West Cork Chamber Music Festival on the Local Economy. .
 

Invited Seminars


Power, B. Ryan G. and Doran J. (2014) A Tale of Two Regions: West Cork and Kerry. Invited Seminars.

Justin Doran, Power B. and Ryan, G. (2014) Ownership, Exports and Gross Value Added in West Cork Firms. Invited Seminars.

Power, B. and Reid, G.C (2006) UFR de Sciences Economiques at de Gestion (Economics and Business Administration). Invited Seminars.

Power, B. and Reid, G.C. (2003) Welsh Economic Assembly. Invited Seminars.

Power, B. and Reid, C.G. (2002) Tinbergen Institute Seminar Series. Invited Seminars.
 

Newspaper Articles


Southern Star (2015) West Cork Economy Under the Spotlight. Newspaper Articles.

Interview with Joe Dermody (Irish Examiner) (2014) Economists are optimistic about the future of West Cork. Newspaper Articles.

West Cork Times (2014) High Turnout for West Cork Surviving or Thriving Conference in Kilmacsimon. Newspaper Articles.

Irish Examiner (2014) Forum to Focus on Economic Development of West Cork. Newspaper Articles.

Irish Examiner (2014) Looking Ahead. Newspaper Articles.

Sean O' Riordan (Irish Examiner) (2014) Forum to Focus on Economic Development. Newspaper Articles.

Evening Echo (2014) Forum to take in depth look at West Cork. Newspaper Articles.

Interview with Cork Independent (2014) Births, Deaths and Firm Survival In West Cork. Newspaper Articles.

Power, B. (2010) Policy makers must focus on freeing up on credit lines. Newspaper Articles.

Press release provided to Majella O'Sullivan (Sunday Business Post) (2010) A Sliding Scale. Newspaper Articles.

Press release provided to Emma Kennedy (Sunday Business Post) (2010) Keeping it in the Family. Newspaper Articles.

Press Release provided to Martha Kearns (Sunday Business Post) (2009) Report Reveals lack of Planning by Small Businesses. Newspaper Articles.

Press release provided to Elizabeth Judge (The Times) (2002) Golden Rule for Entrepreneurs who Crave Success. Newspaper Articles.

Power, B. and Ryan G. (2009) Fail to Prepare, Prepare to Fail. Newspaper Articles.

Press Release provided to Bill Jamieson (Scotsman) (2002) Many a Meddle may make a Muddle of the Business. Newspaper Articles.

Power, B. (1997) NIB Scandal Highlights Advantages of EMU. Newspaper Articles.

B. Power (2002) Long live the small Firm. Newspaper Articles.
 

Thesis/Dissertation


Power, B. (2004) Long-lived Small Firms: Strategies for Survival. Thesis/Dissertation.

Power, B. (1997) The construction of an intertemporal cost of living index for Ireland. Thesis/Dissertation.
 

Working Paper


Power, B. and Ryan G. (2007) Influences on the Entrepreneurs Expected Mode of Exit. Working Paper.

Ryan, G. and Power, B. (2007) Regional Disparities and Expected Endgames Of Small Firms in Scotland and Ireland. Working Paper.

Power, B. and Reid, G.C. (2005) A Test of Real Options Logic. Working Paper.

Power, B. and Reid, G.C. (2003) Turbulence, Flexibility and Performance of the Long-lived Small Firm. Working Paper.

Power, B. and Reid, G.C. (2003) Performance, Firm Size and the Heterogeneity of Competitive Strategy for Long-lived Small Firms: A Simultaneous Equations Analysis. Working Paper.

Power, B. and Reid, G.C. (2002) Flexibility, Firm-Specific Turbulence and the Performance of the Long-Lived Small Firm. Working Paper.

Power, B. (1997) The Construction of an Intertemporal Cost of Living Index. Working Paper.
 

Honours and Awards


Year: 2014
Title: Transeo Academic Awards - Best Paper Prize
Awarding Body: Transeo - European Association for SME Transfer

Year: 2014
Title: Innovation Voucher (EI)
Awarding Body: Enterprise Ireland

Year: 2008
Title: Research Grant, Irish Research Council for the Humanities and Social Sciences (IRCHSS)
Awarding Body: IRCHSS

Year: 2008
Title: Research Innovation Vouncher (Invest NI)
Awarding Body: Invest NI

Year: 2001
Title: Research Grant (International Collaboration Programme 2001)
Awarding Body: Enterprise Ireland
 

Professional Associations


Association: Scottish Economic Society
Role: Member

Association: Institute for Small Business and Entrepreneurship
Role: Member
 

Conference Contributions


Power, B. and Ryan G. (2014) Which firms fail or disappear? A Cohort Analysis of Firm Deaths During the Financial Crisis. [Oral Presentation], ISBE Paper Development Workshop, London , 18-SEP-14.

Ryan, G. and Power, B. (2014) Small Business Transfer decisions: What Really matters? Evidence from Ireland and Scotland. [Oral Presentation], European SME Transfer Summit, Brussels , 26-MAR-14 - 26-MAR-14.

Power, B. and Ryan, G. (2013) Sensible intentions for entrepreneurial exit?. [Oral Presentation], Marcus Wallenberg Entrepreneurial Exit Conference, Ratio Institute , 27-SEP-13 - 28-SEP-13.

Power, B., Ryan, G. & Doran, J. (2012) Analysis of Firm Deaths in Ireland. [Oral Presentation], Regional Science Association International - British & Irish Section Conference, Galway , 28-AUG-12 - 30-AUG-12.

Ryan, G., Power, B., Stone, I., Braidford, P. and McCarthy N., (2012) Regional Influences on Business Transfers within the British Isles. [Oral Presentation], 1st Bilateral Workshop between Economics, University Collegeg Cork and Department of Economic Geography Faculty of Spatial Sciences, University Groningen, University College Cork , 13-APR-12 - 13-APR-12.

Ryan G., Power B., Stone I., Braiford P., McCarthy N. (2011) Regional Influences on Transfers in the British Isles. [Oral Presentation], 14th Annual Irish Academy of Management (IAM) Conference. Dublin, Dublin , 31-AUG-11 - 02-SEP-11.

Ryan, G. and Power, B; (2010) Business Transfer Decisions: What matters?. [Oral Presentation], 5th European Conference on Innovation and Entrepreneurship, Athens, Greece , 16-SEP-10 - 17-SEP-10.

Ryan, G. and Power B.; (2010) Regional Influences on Business Transfers within the Bristish Isles. [Oral Presentation], Annual European Regional Science Association Conference 2010, Jönköping, Sweden , 19-AUG-10 - 23-AUG-10.

Ryan, G. and Power B.; (2010) Regional Influences on Business Transfers within the Bristish Isles. [Oral Presentation], NORSA 2010: The Search: Future dynamics of regional development, Seinäjoki, Finland , 21-JUN-10 - 23-JUN-10.

Power B. and Ryan, G.; (2010) Business Transfer Failures: An Analysis of Firm Exits in Ireland. [Oral Presentation], Annual European Regional Science Association Conference, Jönköping, Sweden , 19-AUG-10 - 23-OCT-10.

Ryan, G. and Power, B. ; (2009) Exit Routes: A Comparative Analysis using Irish and Scottish Data. [Oral Presentation], Ankara University International Conference on Market, Marketing & Entrepreneurship: Creating & Capturing Value in 21st Century, Antalya, Turkey , 06-APR-09 - 09-APR-09.

Ryan, G. and Power B.; (2009) Exit Routes: What are your Options?. [Oral Presentation], Babson College Entrepreneurship Research Conference, Babson Park, Massachusetts, USA , 03-JUN-09 - 06-JUN-09.

G. Ryan and B. Power; (2009) Exit Routes: A Comparative Analysis using Irish and Scottish Data. [Non-Peer reviewed published proceedings], 39th Annual Conference of the Regional Science Association: British and Irish Section, Limerick, Ireland , 02-SEP-09 - 04-SEP-09.

Power, B., Ryan, G.; (2008) Influences on the Entrepreneurs Expected Mode of Exit. [Oral Presentation], Irish Economic Association (IEA), Westport, Ireland , 01-APR-08 - 01-APR-08.

Bernadette Power, Ryan, G.; (2008) Regional Influences on the Entrepreneurs Choice Exit Mode. [Oral Presentation], International Network for Economic Researchers (INFER) Conference, Évora, Portugal , 01-SEP-08 - 01-SEP-08.

Power, B., Reid, G.C; (2008) What are the Options? A Test of Real Options Hypotheses Applied to Organisational Change and the Performance of a Sample of Long Lived Scottish Small Firms. [Oral Presentation], Scottish Economic Society Conference, Scotland , 01-APR-08 - 01-APR-08.

G. Ryan and Power B.; (2008) Influences on the Entrepreneurs Expected Mode of Exit. [Oral Presentation], International Council for Small Business (ICSB) World Congress, Halifax, Canada .

G. Ryan and Power, B. (2008) Influences on the Entrepreneurs Expected Mode of Exit. [Oral Presentation], Irish Academy of Management (IAM), DCU, Dublin .

Power, B, Ryan, G.; (2007) Influences on the Entrepreneur's Expected Mode of Exit, Department of Economics. [Oral Presentation], Entrepreneurship Conference: New Stakes & New Behaviours, ISC Paris, Paris, France , 01-JUN-07 - 01-JUN-07.

Power B., Reid, G.; (2007) Performance, Firm Size and the Heterogeneity of Competitive Strategy for Long-lived Small Firms: A Simultaneous Equations Analysis. [Oral Presentation], Entrepreneurship Conference: New Stakes & New Behaviours, Paris, France , 01-JUN-07 - 01-JUN-07.

Power, Bernadette and Ryan, Geraldine; (2007) Influences on the Entrepreneur's Expected Mode of Exit. [Oral Presentation], INFER Workshop on Public Economics and the Provision of Global Public Goods, Galway , 20-SEP-07 - 21-SEP-07.

Power, B, Ryan, G.; (2007) Regional Disparities and Expected Endgames Of Small Firms in Scotland. [Oral Presentation], Regional Science Association International: British and Irish Section, Bangor , 01-AUG-07 - 01-AUG-07.

Power, B, Ryan, G.; (2007) Influences on the Entrepreneur's Expected Mode of Exit, Department of Economics. [Oral Presentation], International Network for Economic Researchers (INFER) Conference, Galway, Ireland , 01-SEP-07 - 01-SEP-07.

Power, B. and Ryan, G. (2007) Influences on the Entrepreneur's Expected Mode of Exit. [Oral Presentation], Entrepreneurship Conference: New Stakes & New Behaviours, ISC, Paris , 11-JUN-07 - 11-JUN-07.

Power, B, Reid, G.; (2006) A Test of Real Options Logic. Paper by Entrepreneurs. [Oral Presentation], Irish Academy of Management Conference, University College Cork , 01-SEP-06 - 01-SEP-06.

Power, B, Reid, G.; (2006) A Test of Real Options Logic. Paper by Entrepreneurs. (with Reid, G.). [Oral Presentation], 29th Institute of Small Business Conference, Cardiff , 01-NOV-06 - 01-NOV-06.

Power, B, Reid, G.; (2006) A Test of Real Options Logic by Entrepreneurs. [Oral Presentation], 10th International Annual Real Options: Theory and Practice Conference, Columbia University, New York , 01-JUN-06 - 01-JUN-06.

Power, B, Reid, G.; (2003) Performance, Firm Size and the Heterogeneity of Competitive Strategy for Long-lived Small Firms: A Simultaneous Equations Analysis. [Oral Presentation], European Association for Research in Industrial Economics, Helsinki , 01-AUG-03 - 01-AUG-03.

Power, B, Reid, G.; (2003) Performance, Firm Size and the Heterogeneity of Competitive Strategy for Long-lived Small Firms. [Oral Presentation], 2003 International Entrepreneurship & Venture Creation Conference: Theory Process and Practice, Durham Business School, Durham , 01-SEP-03 - 01-SEP-03.

Power, B, Reid, G.; (2003) Turbulence, Flexibility and Performance of the Long-lived Small Firm. [Oral Presentation], 2003 International Entrepreneurship & Venture Creation Conference: Theory Process and Practice, Durham Business School, Durham , 01-SEP-03 - 01-SEP-03.

Power, B. and Reid, G.C.; (2003) Flexibility, Firm-Specific Turbulence, and the Perfromance of the Long-lived Small Firm. [Oral Presentation], International Entrepreneurship & Venture Creation Conference: Theory Process and Practice, Durham Business School , 17-SEP-03 - 19-SEP-03.

Power, B. and Reid, G. C.; (2003) Flexibility, Firm Specific Turbulence and Perfromance of the Long-lived Small Firm. [Poster Presentation], Irish Economic Association, Limerick , 25-APR-03 - 27-APR-03.

Power, B., Kelleher, R., and Bradley, C; (2001) Willingness to Pay for Smoking Cessation Advice. [Oral Presentation], 2nd Biennial Health Services Research ConferenceWillingness, York , 01-AUG-01 - 01-AUG-01.

Power, B., Kelleher, R., and Bradley, C; (2001) Willingness to Pay for Smoking Cessation Advice. [Oral Presentation], IHEA, Dublin, Dublin, Ireland , 01-JUL-01 - 01-JUL-01.

Power, B., Kelleher, R. and Bradley, C; (2000) Willingness to Pay for Smoking Cessation Advice. [Oral Presentation], Association of University Departments of General Practice, Dublin, Ireland , 01-JAN-00 - 01-JAN-00.

Power, B; (1998) Constructing an Intertemporal Cost of Living Index. [Oral Presentation], Irish Economic Association, Annual Conference, Limavady , 01-APR-98 - 01-APR-98.
 

Committees


Committee: Chair of Electronic Information Committee
Role: Chair
From/To: 01-JAN-05 / 01-JUN-11

Committee: Postgraduate Research Committee (Faculty of Commerce)
Role: Member
From/To: 01-JAN-07 /

Committee: Research Committee, Department of Economics
Role: Member
From/To: 01-SEP-13 /

Committee: Chair of Schools Liaison Committee, Dept. of Economics
Role: Chair
From/To: 01-OCT-98 / 01-JUN-05

Committee: Teaching and Curriculum Development, School of Economics
Role: Chair
From/To: 01-SEP-15 /
 

Consultancy


Client: BizSales

Client: West Cork Chamber Music Festival Committee

Client: West Cork Development Partnership

Client: AIB/KPMG

Client: Category Cubed Ltd
 

Journal Activities


Small Business Economics: Referee. -

An International Journal Of Entrepreneurial Finance: Referee. -

Working Paper Series, Department Of Economics: Referee. -
 

 

Teaching

 

Teaching Interests

 

At introductory level Bernadette has taught Economic Accounting & Measurement and Quantitative Techniques in Economics to first year students.  She has taught courses to intermediate and final year undergraduates including an Economic Journey Through Life Decisions, Economics of Corporate Strategy; Economic Survey Methods.At graduate level Bernadette has taught: Economic Survey Methods, Competition and Regulation, Industry, Market and Strategy Analysis, Business Growth and Innovation and  Economics of Firm Strategy.

 

Current Postgraduate Students


Mc Geown Eimear Anne, Doctoral Degree - Co-Supervised
 

Modules Taught


Term: 2018
Module: EC6069
Subject: Enterprise Growth and Innovation
Title: Enterprise Growth and Innovation

Term: 2019
Module: EC0003
Subject: Leading Peer Learning (for Audit)
Title: Leading Peer Learning (for Audit)

Term: 2019
Module: EC2017
Subject: Economic Journey Through life Decisions [Microeconomics]: Firms in a World of Uncertainty
Title: Economic Journey Through life Decisions [Microeconomics]: Firms in a World of Uncertainty

Term: 2019
Module: EC6628
Subject: Analysis of Business Survey Data
Title: Analysis of Business Survey Data

Term: 2019
Module: EC0001
Subject: Participating in Peer Learning (for Audit)
Title: Participating in Peer Learning (for Audit)

Term: 2019
Module: EC3215
Subject: Economics of Corporate Strategy
Title: Economics of Corporate Strategy