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Professor Janette Rutterford BSc (Hons) (London), MSc (Oxford), MBA (London), PhD (LSE)

Prof Janette  Rutterford

Profile summary

  • Central Academic Staff
  • Professor of Financial Management
  • The Open University Business School
  • Research, Staffing & Central Academic
  • Department for Accounting & Finance
  • janette.rutterford

Professional biography

Janette is Professor of Financial Management of The Open University Business School. Until recently, she was Head of the Centre for Financial Management and is an active member of the senior staff.  Prior to joining the OU, Janette worked at Credit Lyonnais as a gilts analyst, taught finance at the London School of Economics, and worked in corporate finance at N.M.Rothschild & Sons Limited.

Research interests

Janette's research has centred around corporate finance, investment management, and the history of finance. She has written a number of texts, notably Corporate Finance & Capital Markets, Financial Strategy, and three editions of An Introduction to Stock Exchange Investment.

Janette's academic papers are in the field of performance measurement, equity valuation, pension funds, women and investment, and the history of investment. She was involved in a major ESRC research grant which investigated women's wealth and investment from 1870 to 1930 completed in 2009. Her paper on the history of equity valuation in 2004 was awarded the Basil Yamey prize for the best published paper in Accounting, Business and Financial History in that year. She was co-editor with Professor Josephine Maltby of York University and Professor Anne Laurence of the Open University of a 2009 edited text: Women and their Money, 1700 to 1950 and, with David Green, Josephine Maltby, and Alastair Owens, of a 2011 OUP edited text: Men, Women and Money: Perspectives on Gender, Wealth and Investment 1850-1930

Janette's current research is on corporate governance issues, behavioural finance, portfolio diversification, the democratisation of investment in the 20th century, and company new issue prospectuses.

Teaching interests

Janette has been responsible for the creation of a number of key finance courses in the Business School, notably the MBA Financial strategy (B821 and B831) courses, the MSc in International Financial Management, and the undergraduate courses You and your money: personal finance in context (DB123) and Personal Finance in an Uncertain World (DB234).

She contributes to the Open2.net blog accompanying the Money Programme - see her views on getting rich in a recession, the cost of being super-rich, the rise of private equity and the cost of divorce.

 

Impact and engagement

Janette is on the editorial board of Accounting History Review.  She acts as referee for a number of journals, in particular Economic History Review and Business History. Until 2009, Janette was a non-executive member of the Strategic Investment Board of the Lord Chancellor's Office of the UK, responsible for monitoring investment of £5bn of investment funds on behalf of individuals.  She has also been a member of a number of government committees, including the Techology Foresight Committee for the financial services sector.  Janette has also advised a number of financial institutions on training of their staff and has been involved in the setting up and marketing to financial institutions of the Foundation Degree in Financial Services of the Open University.

External collaborations

Janette was for eight years a non-executive director of Scott Bader plc, a chemical company with a turnover of £100m., owned by its employees.  She was also a pension fund trustee of Scott Bader until 2009.  She has advised a number of pension funds and currently acts as an expert witness in investment-mismanagement cases.

Janette appears frequently on television and radio as an investment expert, and writes for professional magazines and newspapers as well as in academic journals.  

Janette is a visiting professor at the Basque University of Bilbao and ESCP-Europe. She has dual French/British nationality and divides her time between France and the UK.

Publications

Stock market investors' use of stop losses and the disposition effect (2015)
Richards, Daniel; Rutterford, Janette; Kodwani, Devendra and Fenton-O'Creevy, Mark
European Journal of Finance ((Early view))
The shareholder voice: British and American accents, 1890-1965 (2012-03)
Rutterford, Janette
Enterprise & Society, 13(1) (pp. 120-153)
'Propositions put forward by quite honest men’: company prospectuses and their contents, 1856 to 1940 (2011-10-30)
Rutterford, Janette
Business History, 53(6) (pp. 866-899)
Who comprised the nation of shareholders? Gender and investment in Great Britain, c. 1870–1935 (2011-02)
Rutterford, Janette; Green, David R.; Maltby, Josephine and Owens, Alastair
The Economic History Review, 64(1) (pp. 157-187)
Gross or net? The role of taxation in the history of equity valuation (2010-02)
Rutterford, Janette
Accounting History, 15(1) (pp. 41-64)
Learning from one another's mistakes: investment trusts in the UK and US, 1868 - 1940 (2009-09-16)
Rutterford, Janette
Financial History Review, 16(2) (pp. 157-181)
The financial crisis and its impact on trusts and trustees (2009-04)
Rutterford, Janette
Trusts and Trustees, 15(2) (pp. 104-108)
Lives in the balance? Gender, age and assets in late-nineteenth-century England and Wales (2009)
Green, David R.; Owens, Alastair; Maltby, Josephine and Rutterford, Janette
Continuity and Change, 24(2) (pp. 307-335)
Research shareholding and investment in England and Wales: approaches, sources and methods (2009)
Rutterford, Janette; Maltby, Josephine; Green, David R. and Owens, Alastair
Accounting History, 14(3) (pp. 269-292)
'The Widow, the clergyman and the reckless': women investors in England, 1830- 1914 (2006-04)
Rutterford, Janette and Maltby, Josephine
Feminist Economics, 12(1-2) (pp. 111-138)
'She possessed her own fortune': women investors from the late nineteenth century to the early twentieth century (2006-04)
Maltby, Josephine and Rutterford, Janette
Business History, 48(2) (pp. 220-253)
The merchant banker, the broker and the company chairman: a new issue case study (2006-03)
Rutterford, Janette
Accounting, Business and Financial History, 16(1) (pp. 45-68)
From dividend yield to discounted cash flow: a history of UK and US equity valuation techniques (2004-07)
Rutterford, Janette
Accounting, Business and Financial History, 14(2) (pp. 115-149)
Discussion of convertible debt financing: an empirical analysis (1996-03)
Rutterford, Janette
Journal of Business Finance and Accounting, 23(2) (pp. 335-338)
Everard Hambro, beween investment Banker & investor (2014)
Rutterford, Janette
In: Bonin, Hubert and Brambilla, Carlo eds. Investment Banking History: National and Comparative Issues (19th-21st centuries). Euroclio (78) (pp. 51-82)
ISBN : 978-2-87574-115-8 | Publisher : P.I.E. PETER LANG, S.A. | Published : Brussels
Everard Hambros, between investment banker and inventor (2014)
Rutterford, Janette
In: Bonin, Hubert and Brambilla, Carolo eds. Investment Banking History, National and Comparative Issues (19th - 21st centuries) (pp. 51-81)
ISBN : 978-2-87574-115-8 | Publisher : P.I.E. Peter Lang | Published : Brussels
Valuing equities in the UK and the US: fashions and trends (2012)
Rutterford, Janette
In: Poitras , Geoffrey ed. Handbook of Research on Stock Market Gloablization (pp. 116-136)
ISBN : 978 1 84720 756 2 | Publisher : Edward Elgar | Published : Cheltenham
Gender and finance (2012)
Maltby, Josephine and Rutterford, Janette
In: Knorr Cetina, Karin and Preda, Alex eds. Oxford Handbook of the Sociology of Finance. Oxford Handbooks in Business and Managment (pp. 510-528)
ISBN : 9780199590162 | Publisher : Oxford University Press | Published : Oxford
Savings and investments (2011-11-04)
Lowe, J. and Rutterford, J.
In: Callaghan, George; Fribbance, Ian and Higginson, Martin eds. Personal Finance (2nd edition) (pp. 174-228)
ISBN : 978-0-230-34811-0 | Publisher : Palgrave Macmillan/The Open University | Published : Basingstoke/Milton Keynes, UK
The evidence for 'democratization' of share ownership in Great Britain in the early twentieth century (2011-04-28)
Maltby, Josephine; Rutterford, Janette; Green, David R.; Ainscough, Steven and Van Mourik, Carien
In: Green , David R.; Owens, Alastair; Maltby, Josephine and Rutterford, Janette eds. Men, Women and Money: Perspectives on Gender, Wealth and Investment 1850-1930 (pp. 184-206)
ISBN : 978-0-19-959376-7 | Publisher : Oxford University Press | Published : Oxford
Men, women and money: an introduction (2011)
Green, David R.; Owens, Alastair; Maltby, Josephine and Rutterford, Janette
In: Green, David R.; Owens, Alastair; Maltby, Josephine and Rutterford, Janette eds. Men, Women and Money: Perspectives on Gender, Wealth and Investment, 1850- 1930 (pp. 1-30)
ISBN : 978-0-19-959376-7 | Publisher : Oxford University Press | Published : Oxford
The company prospectus: marketing shares on the London Stock Exchange, 1855 to 1940 (2010-11-01)
Rutterford, Janette
In: Watters, Cheryl and Zimnovitch, Henri eds. Histoire des Entreprises du Transport: Evolutions Comptables et Managériales
ISBN : 9782296137660 | Publisher : L'Harmattan | Published : Paris, France
Risk-return strategies (2010-03)
Rutterford, Janette
In: Mazzucato, Mariana; Shipman, Alan; Lowe, Jonquil and Trigg, Andrew eds. Personal Investments in an Uncertain World
ISBN : 9780230246607 | Publisher : Palgrave McMillan | Published : Hampshire, UK
Finance and financial institutions (2010)
Rutterford, Janette
In: Edwards, John Richard and Walker, Stephen. P eds. Routledge Companion to Accounting History
ISBN : 978-0-415-41094-6 | Publisher : Routledge | Published : Abingdon, UK
Women and wealth in fiction in the long nineteenth century 1800-1914 (2009)
Rutterford, Janette
In: Laurence, Anne; Maltby, Josephine and Rutterford, Janette eds. Women and Their Money 1700-1950: Essays on Women and Finance
ISBN : 9780415419765 | Publisher : Routledge | Published : Abingdon, UK
Introduction (2009)
Laurence, A.; Maltby, J. and Rutterford, J.
In: Laurence, A.; Maltby, J and Rutterford, J. eds. Women and Their Money 1700-1950: Essays on Women in Finance
ISBN : 978-0415419765 | Publisher : Routledge
Savings and investments (2007)
Rutterford, Janette
In: Callaghan, George; Fribbance, Ian and Higginson, Martin eds. Personal Finance (pp. 169-222)
ISBN : 978-0-470-02855-1 | Publisher : John Wiley & Sons Ltd | Published : Chichester
The Merchant Banker, the Broker and the Company Chairman: the Thames Iron new issue (2007)
Rutterford, Janette
In: Owen , J. Roger ed. Shipbuilding and Ships on the Thames
Publisher : Greenwich Industrial History Society | Published : London
The World was their oyster: international diversification pre-World War I (2006-02)
Rutterford, Janette
In: Rutterford, Janette; Upton, Martin and Kodwani, Devendra eds. Financial Strategy (2nd Edition)
ISBN : 470016558 | Publisher : John Wiley & Sons Ltd | Published : Chichester, UK
Trends in finance theory: section overview (2006)
Rutterford, Janette
In: Rutterford, Janette; Upton, Martin and Kodwani, Devendra eds. Financial Strategy: adding stakeholder value, 2nd edition (pp. 1-3)
ISBN : 9780470016565 | Publisher : John Wiley & Sons Ltd | Published : Chichester
Adding value through investment; section overview (2006)
Rutterford, Janette
In: Rutterford, Janette; Upton, Martin and Kodwani, Devendra eds. Financial Strategy: adding stakeholder value, 2nd edition (pp. 59-61)
ISBN : 9780470016565 | Publisher : John Wiley & Sons Ltd | Published : Chichester
Adding value through financing: section overview (2006)
Rutterford, Janette
In: Rutterford, Janette; Upton, Martin and Kodwani, Devendra eds. Financial Strategy: adding stakeholder value, 2nd edition (pp. 121-124)
ISBN : 9780470016565 | Publisher : John Wiley & Sons Ltd | Published : Chichester
Men, Women and Money: Perspectives on Gender, Wealth and Investment, 1850-1930 (2011)
Green, David R. ; Maltby, Josephine; Owens, Alastair and Rutterford, Janette eds.
ISBN : 978-0-19-959376-7 | Publisher : Oxford University Press | Published : Oxford
Women and their money 1700-1950: Essays on women and finance (2009)
Laurence, Anne; Maltby, Josephine and Rutterford, Janette eds.
ISBN : 978-0-415-41976-5 | Publisher : Routledge | Published : London
Financial Strategy (2nd Edition) (2006-02)
Rutterford, Janette; Upton, Martin and Kodwani, Devendra eds.
ISBN : 470016558 | Publisher : John Wiley and Sons Ltd | Published : Chichester, UK
The place to be seen? Annual general meetings in the UK 1890 to 1965 (2010)
Rutterford, Janette
In : Journees de l'Histoire du Comptabilite et du Management (24-26 Mar 2010, Paris, France)
The role of women in ethical and philanthropic stock market investment (2010)
Rutterford, Janette
In : BAVS (British Association of Victorian Studies) Tenth Anniversary Conference: Victorian Forms & Formations (2-4 September 2010, Glasgow)
Portfolio diversification in practice: evidence from 1870 to 1902 in England and Wales (2010)
Rutterford, Janette
In : 22nd Annual Conference on Accounting, Business and Financial History (6-7 September 2010, Cardiff, Wales)
Spreading the net: distance, shareholding and the geography of risk in England and Wales 1870-1935 (2009)
Green, David and Rutterford, Janette
In : Economic History Society Annual Conference (3-5 April 2009, University of Warwick)
'That wide-eyed sceptical curiosity that makes women so formidable': Women's investment behaviour before and after the First World War' (2008)
Rutterford, Janette and Maltby, Josephine
In : 7th European Social Science History Conference (26 February - 1 March 2008, University of Lisbon, Portugal)
The sleeping partners? Women shareholders in England and Wales, 1870-1935 (2008)
Rutterford, J.; Maltby, J. and Owens, A.
In : Economic History Society Annual Conference (28-30 Mar 2008, University of Nottingham, UK)
Women investors in England and Wales: a class of their own? (2008)
Rutterford, J.; Maltby, J. and Owens, A.
In : Business History Conference (10-12 Apr 2008, Sacramento, USA)
The rise of the small investors in the US and the UK, 1900 to 1960 (2008)
Rutterford, Janette
In : Business History after Chandler, Association of Business Historians Annual Conference (4-5 July 2008, University of Birmingham, UK)
The rise of the small investors in the US and the UK, 1900 to 1960 (2008)
Rutterford, Janette
In : Association of Business Historians Conference (21-23 Aug 2008, Bergen, Norway)
Performativity and Financial Markets: Option Pricing in the Late 19th Century (2014-07)
Sotiropoulos, Dimitris and Rutterford, Janette
Innovation, Knowledge and Development Research Centre, The Open University