Keele Management School

David is an Economics graduate of the University College of North Wales Bangor and holds a Master’s degree and a PhD in Economics from the University of Keele. He has worked for the Open University, Manchester Metropolitan University and Keele University. This has included a Professorship at both MMU and Keele, and he has also been Head of Department and held major research and teaching responsibilities at both Institutions. He is currently leading and developing the research programme for the Economics and Finance group and continuing to work in his own area of mortgage market economics/finance in which he has an international reputation. David is happy to talk to interested parties about the current and planned research activities of the group.

Professor Leece’s research interest includes mortgage market economics and finance for which he has an international reputation, and also venture capital investment and finance and social care. David has had funded research from the ESRC and from commercial sources such as Building Societies and a major investment bank. He has an ongoing research programme into the modelling of mortgage market defaults developing models exhibiting unobserved heterogeneity. He has developed extensive experience in successful  Phd supervision and is committed to the development of postgraduate programmes and research in general for the Economics and Finance group.

Lanot, G. and Leece. D. (2012), "Mortgage Loan Characteristics and Selectivity, Unobserved Heterogeneity and the Performance of United Kingdom Securitised Sub-Prime Loans", Munich Personal RePec Archive.

Leece, D. Sweeting, R, Berry. A and J. Miao, (2012), The Post Investment Relationship Between A Venture Capitalist and its Investee Companies,  International Journal of Entrepreneurial Behaviour and Research, 18 (65)

Leece D. (2012), Mortgage Design: Traditional, Encyclopaedia of Housing and the Home, Elsevier.

Leece D. (2012), Mortgage Choices: Classical, Encyclopaedia of Housing and the Home, Elsevier

Leece, J. and Leece. D, (2011), Personalisation: Perceptions of the Role of Social Workers In a World of Brokers and Budgets, British Journal of Social Work, 41 (2), 204-223.

Leece, D. with A.E. Hassan (2008), The Influence of Venture Capitalists’ Source of Finance on their Post-investment Behaviour In Investee Companies, The Journal of Private Equity 11 (3), 69-84.

Leece, D. and Hassan. A.E. (2007), Agency and Information Problems in Venture Capital Markets: An Empirical Study of the Information Needs of UK Investors and the Demand for Accounting Information, The Journal of Private Equity,10 (2), Spring, 93-112.

Leece, D. (2006), ‘Testing A Basic Theoretical Model of Mortgage Demand on United Kingdom Data’, Applied Economics, 38,  2037-2051.

Leece, D. and Leece. J, (2006), ‘Direct Payments: Creating A Two Tiered System in Social Care?’, British Journal of Social Work, 36, 1379-1393.

Leece. D, (2004). Economics of the Mortgage Market: Perspectives on Household Decision Making, Blackwells Scientific, Oxford.

Leece, D. (2004) ‘Are UK Consumers Myopic? A Response to the Miles Interim Report’, Consumer Policy Review, Volume 14, Number 2, March/April,

Leece, D. (2003) ‘Behavioural Finance and Urban Sustainability’, Future Thinking Series, RICS Research Foundation.

Leece, D, Babb, C and Leece, J. (2003) ‘Money Matters: An Evaluation of the Direct Payment Pilot Project to Parents of Disabled Children in Staffordshire’ Journal of Integrated Care,  11(1), 31-38.

Leece, D. (2001). ‘Regressive Interest Rate Expectations and Mortgage Instrument Choice In the United Kingdom Housing Market’, Real Estate Economics (Journal of the American Real Estate and Urban Economics Association), 29(4), 589-613.

Leece, D. (2001). (editor), Introduction to Real Estate Economics and Finance Special Edition, Managerial and Decision Economics, Special edition on Real Estate Economics and Finance.

Leece, D. (2000). ‘Household Choice Between Fixed and Floating Rate Debt: A Binomial Probit Model with Correction for Classification Error’, Oxford Bulletin of Economics and Statistics, February, 6, 61-83.

Leece, D. (2000). 'Choice of Mortgage Instrument, Liquidity Constraints and the Demand for Housing Debt in the United Kingdom’, Applied Economics, 32, 1121-1132.

Leece, D. (2000).‘Mis-selling In the Financial Services Industry: The Limits of the Rational Calculus?’, Managerial and Decision Economics, vol. 21 (3-4), 133-144.

Leece, D. (1999) ‘Data Visualisation and Knowledge Discovery in Databases: Segmenting the Market for Risky Financial Assets’, Managerial and Decision Economics, 20, 267-280.

Leece, D. (1997), ‘Mortgage Innovation in the 1990s: Theoretical and Empirical Issues’, Journal of Property Finance, 8(3), 226-245.

Leece, D. (1995), ‘Rationing, Mortgage Demand and the Impact of Financial Deregulation’, Oxford Bulletin of Economics and Statistics, 57, 39-61.

Leece, D. (1995), 'An Econometric Analysis of the Choice of Mortgage Design in the United Kingdom', Applied Economics, December, 1-12.

Leece, D. (1991), 'The Post Redundancy Formation and Development of Small Businesses’ in Small Businesses and Small Business Development: A Practical Approach, ed. R.Walford, European Research Press.

Leece, D. (1990), 'Redundancy, Unemployment and Self Employment', International Journal of Manpower, 2(1), 35-40.

I have teaching experience in a wide range of Finance and Economics courses at undergraduate and post graduate level including MBA and distance learning with the Open University. These include Corporate Finance, Personal Financial Markets and Financial Planning, Behavioural Finance, Financial Markets, Macro Economics, Micro Economics, Business Economics, Labour Economics, Demography. I have successfully supervised Phds in Corporate Governance, Venture Capital Investment, Household Investment Portfolios, Information Technology and Privacy, Mortgage Market Economics, Insurance company investment in Nigeria. I have been an external examiner for postgraduate programmes at various universities including the University of Hull and the University of Leicester. I have been a Phd examiner at several institutions including the University of East Anglia and the University of Sydney, Australia. I am committed to further developing the Phd programme at Keele where I am currently supervising Phds in Austrian Economics and the Credit Crisis and Micro Trading Strategies. I have also acted as an UNCTAD consultant for the teaching of Finance in China.