Our Faculty


PhD. Alexander Coad

Professor / Researcher

University Of Paris 1 Pantheon-Sorbonne


Professor Coad holds a PhD in Economics from University of Paris 1 Panthéon-Sorbonne, France, PhD(c) in Economics and Management from Sant’Anna School of Advanced Studies in Pisa, Italy, a Master’s Degree in Industrial Organization from University of Paris 1 Panthéon-Sorbonne, France and an undregraduate degree in Economics from HEC Lausanne in Switzerland.



Professor Alexander Coad has worked as an Economic Analyst at the European Commission’s Joint Research Center in Seville, Spain; External Associate Professor at University of Aalborg, Denmark; Postdoctoral Researcher at Max Planck Institute in Germany; and Research Fellow at University of Sussex in Brighton, United Kingdom. Profesor Coad has editorial roles in the following magazines: Research Policy, Journal of Business Venturing, Small Business Economics, and Industrial and Corporate Change. In December 2016, Professor Coad won the Richard R. Nelson award for his research on business growth presented at University of California, Berkeley.



Professor Coad has been the author/coauthor of several papers published in international journals, such as:

  • Coad, A., & Kato, M. (2020). Growth paths and routes to exit: “shadow of death” effects for new firms in Japan. Small Business Economics, 29.
  • Coad, A., Mathew, N., & Pugliese, E. (2020). What’s good for the goose ain’t good for the gander: heterogeneous innovation capabilities and the performance effects of R&D. Industry and Corporate Change, 1-24.
  • Rubæk Holm, J., Timmermans, B., Richter Østergaard, C., Coad, A., Grassano, N., & Vezzani, A. (2020). Labor mobility from R&D-intensive multinational companies: implications for knowledge and technology transfer. The Journal of Technology Transfer, 23.
  • Stojcic, N., Srhoj, S., & Coad, A. (2020). Innovation procurement as capability-building: Evaluating innovation policies in eight Central & Eastern European Countries. European Economic Review, 121, 1-18.
  • Coad, A., Hall, B., Grassano, N., Moncada, P., & Vezzani, A. (2019). Innovation and industrial dynamics. Structural Change and Economic Dynamics, 50, 126-131.
  • Coad, A., Frankish, J., & Storey, D. (2019). Too fast to live? Effects of growth on survival across the growth distribution. Journal of Small Business Management.
  • Coad, A., & Vezanni, A. (2019). Three cheers for industry: Is manufacturing linked to R&D, exports, and productivity growth? Structural Change and Economic Dynamics, 50, 14-25.
  • Lundmark, E., Coad, A., Frankish, J., & Storey, D. (2019). The liability of volatility and how it changes over time among new ventures. Entrepreneurship Theory and Practice, 1-31.
  • Coad, A., & Srhoj, S. (2019). Catching gazelles with a lasso: Big Data techniques for the prediction of high-growth firms. Small Business Economics.
  • Coad, A. (2019). Persistent heterogeneity of R&D intensities within sectors: Evidence and policy implications. Research Policy, 48, 37-50.
  • Coad, A., & Scott, G. (2018). High growth firms in Peru. Cuadernos de Economía, 37(75), 671-695.
  • Coad, A., Janzing, D., & Nightingale, P. (2018). Tools for causal inference from cross-sectional innovation surveys with continuous or discrete variables: theory and applications. Cuadernos de Economía, 39(75), 779-807.
  • Amoroso, S., Coad, A., & Grassano, N. (2018). European R&D networks: a snapshot from the 7th EU Framework Programme. Economics of Innovation and New Technology, 27(5-6), 404-419.
  • Serna, M., Ramírez–Hassan, A., & Coad, A. (2018). Uncovering value-drivers of high performance soccer players. Journal of Sports Economics, 1-31.
  • Coad, A., & Grassano, N. (2018). Firm growth and R&D investment: SVAR evidence from the world’s top R&D investors. Industry and Innovation, 26(5), 508-533.
  • Coad, A., & Grassano, N. (2018). Heed the weakest link: A model of interdependent institutions. Journal on Policy and Complex Systems, 4(1), 51-63.
  • Coad, A., Holm, J. R., Krafft, J., & Quatraro, F. (2018). Firm age and performance. Journal of Evolutionary Economics, 28(1), 1-11.
  • Coad, A., & Daunfeldt, S.-O. (2018). Bursting into life: firm growth and growth persistence by age. Small Business Economics, 50(1), 55–75.
  • Marlow, S., Greene, F., & Coad, A. (2018). Advancing gendered analyses of entrepreneurship: A critical exploration of entrepreneurial activity among gay men and lesbian women. British Journal of Management, 29(1), 118–135.
  • Siepel, J., Cowling, M., & Coad, A. (2017). Non-founder human capital and the long-run growth and survival of hightech ventures. Technovation, 59, 34-43.
  • Coad, A., Nielsen, K., & Timmermans, B. (2017). My first employee: an empirical investigation. Small Business Economics, 48(1), 25–45.
  • Vezzani A., Coad, A., & Gkotsis, A. (2017). Concerns about the consequences of patenting on scientometric research. Journal of the Association for Information Science and Technology, 68(9), 2293-2295.
  • Coad, A., Cowling, M., & Siepel, J. (2016). Growth processes of high-growth firms as a four-dimensional chicken and egg. Industrial and Corporate Change, 1-18.
  • Ciarli T., Coad, A., & Rafols, I. (2016). Quantitative analysis of technology futures: A review of techniques, uses and characteristics. Science and Public Policy, forthcoming.
  • Coad, A., Frankish, J.S., Roberts, R.G., & Storey, D.J. (2016). Why should banks provide entrepreneurship training seminars? International Small Business Journal, 34(6) 733–759.
  • Coad, A., Frankish, J.S., Roberts, R.G., & Storey, D.J. (2016). Predicting new venture survival and growth: Does the fog lift? Small Business Economics 47, 217–241.
  • Coad, A., Segarra, A., & Teruel, M. (2016). Innovation and firm growth: Does firm age play a role? Research Policy, 45, 387-400.
  • Binder, M., & Coad, A. (2016). How satisfied are the self-employed? A life domain view. Journal of Happiness Studies 17(4), 1409–1433.
  • Coad, A., Pellegrino, G., & Savona, M. (2016). Barriers to innovation and firm productivity. Economics of Innovation and New Technology, 25(3), 321-334.
  • Binder, M., & Coad, A. (2015). Unemployment impacts differently on the extremes of the distribution of a comprehensive well-being measure. Applied Economics Letters 22(8), 619-627.
  • Binder, M., & Coad, A. (2015). Heterogeneity in the relationship between unemployment and subjective well-being: A quantile approach. Economica, 82(328), 865–891.
  • Coad, A., Frankish, J.S., Roberts, R.G., & Storey, D.J. (2015). Are firm growth paths random? A reply to “Firm growth and the illusion of randomness”. Journal of Business Venturing Insights 3, 5-8.
  • Coad, A., & Timmermans, B. (2014). Two’s company: Composition, structure and performance of entrepreneurial pairs. European Management Review, 11(2), 117-138.
  • Coad, A., & Binder, M. (2014). Causal linkages between work and life satisfaction and their determinants in a structural VAR approach. Economics Letters, 124, 263-268.
  • Coad, A., Frankish, J.S., Nightingale, P., & Roberts, R.G. (2014). Business experience and start-up size: Buying more lottery tickets next time around? Small Business Economics, 43(3), 529-547.
  • Audretsch, D.B., Coad, A., & Segarra, A. (2014). Firm growth and innovation: Introduction to the special issue. Small Business Economics, 43, 743-749.
  • Coad, A., & Guenther, C. (2014). Processes of firm growth and diversification: theory and evidence. Small Business Economics, 43, 857–871.
  • Frankish, JS, Roberts, RG, Coad, A., & Storey, DJ. (2014). Is entrepreneurship a route out of deprivation? Regional Studies, 48(6), 1090-1107.
  • Coad, A., Daunfeldt, S.-O., Holzl, W., Johansson, D., & Nightingale, P. (2014). High growth firms: Introduction to a special issue. Industrial and Corporate Change, 23(1), 91-112.
  • Nightingale P., & Coad A. (2014). Muppets and Gazelles: Ideological and methodological biases in entrepreneurship research. Industrial and Corporate Change, 23(1), 113-143.
  • Coad, A., Daunfeldt, S.-O., Johansson, D., & Wennberg, K. (2014). Who do high-growth firms hire? Industrial and Corporate Change, 23(1), 293-327.
  • Binder, M., & Coad, A. (2013). “I’m afraid I have bad news for you…” Estimating the impact of different health impairments on subjective well-being.” Social Science and Medicine 87, 155-167
  • Coad, A., & Guenther, C. (2013). Diversification patterns and survival as firms mature. Small Business Economics, 41, 633-649.
  • Coad, A., Segarra A., & Teruel, M. (2013). Like milk or wine: does firm performance improve with age? Structural Change and Economic Dynamics 24, 173-189.
  • Coad, A., & Teruel M., (2013). Inter-firm rivalry and firm growth: Is there any evidence of direct competition between firms? Industrial and Corporate Change, 22(2), 397–425.
  • Moneta, A., Entner, D., Hoyer, P., & Coad, A. (2013). Causal inference by independent component analysis: Theory and applications. Oxford Bulletin of Economics and Statistics 75(5), 705-730.
  • Coad, A., Frankish, J., Roberts, R.G., & Storey, D.J. (2013). Growth paths and survival chances: An application of Gambler’s ruin theory. Journal of Business Venturing 28(5), 615–632.
  • Frankish, J., Roberts, R.G, Coad, A., Spears, T., & Storey, D.J. (2013). Do entrepreneurs really learn? Or do they just tell us that they do? Industrial and Corporate Change 22(1), 73-106.
  • Binder, M., & Coad, A. (2013). Life satisfaction and self-employment: A matching approach. Small Business Economics, 40(4), 1009-1033.

He is the author of the following books:

  • Coad, A. (2016). The meso-level: structural persistency. Handbook of Research Methods and Applications in Industrial Dynamics and Evolutionary Economics.
  • Coad, A. (2009). The growth of firms: A survey of theories and empirical evidence (pp. 208). Cheltenham / Northampton, MA: Edward Elgar Publishing.

He has been the author of the following book chapters:

  • Nightingale, P., & Coad, A. (2016). Challenging assumptions and bias in entrepreneurship research. In Landstrom, H., Parhankangas, A., Fayolle, A., & Philippe, R. (Eds.), Challenging entrepreneurship research. Oxon: Routledge.
  • Moreno, F., & Coad, A. (2015). High-growth firms: Stylized facts and conflicting results. In Corbett, A., Katz, J., & McKelvie, A. (Eds.), Entrepreneurial growth: Individual, firm, & region. (Advances in entrepreneurship, firm emergence and growth17) (pp. 187-230). Bingley: Emerald Group Publishing Limited.
  • Siepel, J., Cowling, M., & Coad, A. (2015). Long-run growth drivers of growth for UK high technology firms. In Corbett, A., Katz, J., & McKelvie, A. (Eds.), Entrepreneurial growth: Individual, firm, & region. (Advances in entrepreneurship, firm emergence and growth Vol. 17)(pp. 95-126). Bingley: Emerald Group Publishing Limited.
  • Frankish, J., Roberts, R., Storey, D. J., & Coad, A. (2015). Measuring business activity in the UK. In Bryson, J. R., & Peter W. Daniels, P. W. (Eds.), Handbook of service business: Management, marketing, innovation and internationalisation(pp. 146-169). Cheltenham: Edward Elgar Publishing.



He currently is the Professor and Researcher at CENTRUM PUCP Business School.



  • Award for intellectual contribution, CENTRUM PUCP Business School, 2018.
  • Award for intellectual contribution, CENTRUM PUCP Business School, 2017.