Curriculum Vitae for Professor Colin Glass

Colin Glass is Professor of Applied Financial Economics in the School of Business, Retail and Financial Services at the Coleraine campus of the University of Ulster. He teaches on the undergraduate and postgraduate programmes in Finance and his teaching specialisms are mathematical finance and international finance.

Colin’s research focuses on efficiency and performance measurement in both financial institutions and not-for-profit organisations. The range of organisations studied includes credit unions; universities; schools; hospitals; retail banks; and building societies. Colin has also a research interest in philosophy and economics as well as production economics.

With respect to credit union research, Colin is currently involved with McKillop (Queen’s University of Belfast) and Ferguson (University of Ulster) in two major projects. One considers productivity change in US credit unions. This study employs a distance function approach to investigate sources of productivity growth in US credit unions over the period 1990-99. Productivity growth is decomposed into technical change and change in efficiency, with the latter change also being decomposed into change in pure technical efficiency and change in scale efficiency. The finding of substantial productivity growth was largely due to progressive shifts in the technology, with the relatively small improvements in efficiency being largely due to improvements in scale efficiency. The second study explores the radial and non-radial efficiency of UK credit unions. Radial and nonradial measures of input cost efficiency plus associated scale efficiency measures are computed for a selection of input output specifications. Both measures highlighted that UK credit unions have considerable scope for efficiency gains. It was mooted that the documented high levels of inefficiency may be indicative of the fact that credit unions, based on clearly defined and non-overlapping common bonds, are not in competition with each other for market share.inancial organisations. Credit unions were also highlighted as suffering from a considerable degree of scale inefficiency with in excess of 50 percent of scale inefficient credit unions subject to decreasing returns to scale.

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Professor Colin Glass
(Professor of Applied Financial Economics)
School of Business, Retail and Financial Services
University Of Ulster
Coleraine, BT52 1SA

Tel (02870) 324626
Fax (02870) 324779
Email jc.glass@ulst.ac.uk

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