Nigel Stephen Garrow

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Nigel Garrow

Finance, Accounting And Business Systems


Prior to becoming an academic, Nigel had more than 30 years of international business experience, mainly based in Europe, with over half of that as a Managing Director or Chief Executive Officer in food or fast moving consumer goods (FMCG) firms.

Nigel entered academia in 2007 at Macquarie Graduate School of Management in Sydney, Australia. He studied for, and was awarded, an MBA and then a PhD. Nigel was appointed Director of Academic Programs in 2011. In 2013. Nigel was appointed Professor and Dean at Flinders University Business School, Adelaide, South Australia. In September 2014 Nigel took up his current role and was appointed Professor at Sheffield Business School. Nigel has just returned from 10 months in Australia where he was Deputy Dean Western Sydney University Business School. Western Sydney is a high growth region in Australia driven by the federal government decision to build a new international airport, and additional funding to drive innovation and start-ups in the region. Nigel is a Member of the British Academy of Management (BAM), and was recently awarded Fellowship of CPA Australia (Certified Practising Accountants).

Nigel's research interests are in mergers and acquisitions, corporate governance, and change management. Nigel is keen to seek more engagement between business practice, education, and management research (domestically and internationally), and develop frameworks to support career development into management research and practice. Nigel is currently supervising PhD students in areas of 'not for profits', mergers and acquisitions, forensic accounting, and factors causing firms to get into financial distress.



  • 2013: PhD Mergers and Acquisitions (M&A) Leadership, hubris, agency problems, shareholder value, Macquarie University, Macquarie Graduate School of Management, Sydney, Australia
  • 1973: Economics and Business Studies, University of Sheffield, United Kingdom

Member of Board of Directors or other governance role

Board member

  • 1997 to 1999: , Dalgety Plc, United Kingdom

Member of professional body


  • 2018: , CPA Australia, Australia

PG External Examiner


  • 2018: , Queensland University of Technology, Australia


Department of Finance, Accounting and Business Systems

Sheffield Business School

Finance and Banking


Key Publications

Garrow, N., Awolowo, I., & Growe, G.A. (2018). Annual reports: Fact or fiction? Are there governance implications? Presented at: BAM2018: Driving productivity in uncertain and challenging times, Bristol, 2018

Journal articles

Garrow, N., & Awolowo, I.F. (2024). Animal spirits, hubris, narcissism: Behavioural determinants of merger and acquisition outcomes. Journal of Governance and Regulation, 13 (2, spe), 287-296.

Garrow, N., & Awolowo, I. (2022). Mergers and acquisitions and the CEO: tenure and outcomes. Corporate Board: role, duties and composition, 18 (1), 47-61.

Awolowo, F., & Garrow, N. (2022). Why Audit will Continue to Fail! Academia Letters, 5141.

Fletcher, N., Awolowo, F., & Garrow, N. (2021). Fraud Detection and Prevention: A Review of the Latest Developments in U.K. Audit. Journal of Modern Accounting and Auditing, 17 (1), 1-13.

Garrow, N., Awolowo, I.F., & Growe, G. (2019). Annual Reports: Fact or Fiction? Are there governance implications? Journal of Leadership, Accountability and Ethics, 16 (1).

Chan, D., Clark, M., Garrow, N., & AWOLOWO, F. (2018). Accounting scandals: Beyond Corporate Governance. Pacific-Basin Finance Journal.

Awolowo, I., Garrow, N., Clark, M., & Chan, D. (2018). Accounting scandals: beyond corporate governance. Journal of Modern Accounting and Auditing, 14 (8), 399-407.

Garrow, N., & Awolowo, I. (2018). Palmer & Harvey: A Case of Governance and Audit Failure. Journal of Modern Accounting and Auditing, 14 (7).

Conference papers

Garrow, N., Somerset, N., Awolowo, I., & Clark, M. (2019). Trust: The critical factor in theory and practice, from banks to cakes. In British Academy of Management, Aston University Birmingham, 3 September 2019 - 5 September 2019. BAM:

Jamieson, D., Awolowo, I., Garrow, N., Winfield, J., & Bhaiyat, F. (2018). Financial Shenanigans: The Importance of Anti-Fraud Education. In PAN IIT International Management Conference, Roorkee, India, 30 November 2018 - 2018 (pp. 1-12). Indian Institute of Technology

Awolowo, I., Garrow, N., Clark, M., & Chan, D. (2018). Accounting scandals: Beyond corporate governance. SSRN Electronic Journal.

Tipi, L., Kawalek, J., & Garrow, N. (2017). Towards using a systems approach in project management practice. In EurOMA2017, Edinburgh, Scotland, 1 July 2017 - 5 July 2017.

Garrow, N. (2015). An acquiring firm's Chairman and Chief Executive, and the importance of their tenure on M&A outcomes. In British Academy of Management (BAM) Conference. Southampton: British Academy of Management (BAM) Conference

Book chapters

Garrow, N. (2012). The Role of Mining in the Australian Economy. In Finch, N. (Ed.) Contemporary Issues in mining: leading practice in Australia. (pp. 27-46). Palgrave Macmillan UK


Garrow, N. (2010). Economic Context of Management. (1st). Pearson.

Theses / Dissertations

Nwankwo, T. (2023). Entrepreneurial finance models for born-global SMEs in Nigeria. (Doctoral thesis). Supervised by Wilson, R., Bhaiyat, F., O'Brien, A., & Garrow, N.

McCulloch, M. (2021). Financial accounting for the common good – from a social economy perspective. (Doctoral thesis). Supervised by Ridley-Duff, R., Morgan, G., & Garrow, N.

Hofinger, J. (2021). Regulatory risk disclosure in the banking industry:a scoring model approach. (Doctoral thesis). Supervised by Garrow, N., Issa, S., & Stumpfegger, E.

Tipi, L. (2018). An inquiring framework for changing project management practice: A qualitative method study. (Doctoral thesis). Supervised by Garrow, N.


Chan, D., Garrow, N., Clark, M., & AWOLOWO, F. (2017). Financial Statement Fraud: Auditors are not to be blamed.

Tipi, L., Kawalek, J., & Garrow, N. (2017). Towards using a systems approach in project management practice. Presented at: EurOMA 2017, Heriot-Watt University, Edinburgh, 2017

Garrow, N. (2016). From Hubris to Care in the Boardroom; A Formula for M&A Success?

Garrow, N. (2015). Evaluating the effect of top management attributes on the probability of default.

Bhaiyat, F., & Garrow, N. (2015). Evaluating the Effect of Top Management Attributes on the Probability of Default. Presented at: International Conference on Research and Business Sustainability, IIT Roorkee, Greater Noida, India, 2015

Garrow, N. (2012). Aspects of Acquirer Behaviour in Australian Mergers and Acquisitions.

Garrow, N. (2010). A New Hypothesis on the Determinants of Acquisitions.

Garrow, N. (2010). The effect of leadership stability, agency problems, and animal spirits on M&A outcomes in Australia.

Other publications

Garrow, N. (2010). Corporate Acquisitions in Australia: A Binary Analysis - Journal of Applied Research in Accounting and Finance. Journal of Applied Research in Accounting and Finance

Postgraduate supervision

Current supervisions

  • 2014:PhD 6 Supervisions (6 students)

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