School of Business and Management

BUSM140 Managing Under Regulation


2 (2017/18)



Module organiser

Professor Perri 6


Module overview

This qualitative module introduces students to the management skills, frameworks, challenges, imperatives, organisational and inter-organisational processes involved in operating in an industry under regulation. All industries are regulated by generic regulators for health and safety, environment, information privacy, accounting standards, patenting, equality and diversity including physical access, etc; there are sector-specific regulators for financial services, utilities, transport, pharmaceuticals, health care, education, airlines, railways, food standards, print and broadcast media, primary extraction, gambling and many others. This module enables students who will become managers to understand their regulators, what inspectors do and want, how far they can legitimately lobby regulators, and how to operate across many countries each with their own national regulatory systems. 


60% examination and 40% coursework

Indicative reading list



  • Baldwin R, Cave M and Lodge M, eds, 2010, The Oxford handbook of regulation, Oxford: Oxford University Press.
  • Baldwin R, Cave M and Lodge M, 2012 [1999], Understanding regulation: theory, strategy and practice, Oxford: Oxford University Press.
  • Carpenter D and Moss DA, eds, 2014, Preventing regulatory capture: special interest influence and how to limit it, Cambridge: Cambridge University Press.
  • Fiorino DJ, 2006, The new environmental regulation, Cambridge, Massachusetts: Massachusetts Institute of Technology Press.
  • Gunningham N, Kagan RA and Thornton D, 2003, Shades of green: business, regulation and environment, Stanford, California: Stanford University Press.
  • Hood C, Rothstein H and Baldwin R, 2001, The government of risk: understanding risk regulation regimes, Oxford: Oxford University Press.
  • Hutter BM, Compliance: regulation and environment, Oxford: Oxford University Press.
  • Kagan RA and Axelrad L, eds, 2000, Regulatory encounters: multinational corporations and the American adversarial legalism, Berkeley, California: University of California Press.
  • Lodge M and Wegrich K, 2012, Managing regulation: regulatory analysis, politics and policy, Basingstoke: Palgrave Macmillan.


  • Fairman R and Yapp C, Enforced self-regulation, prescription and conceptions of compliance within small businesses: the impact of enforcement, Law and policy, 27, 4, 491-519.
  • Gunningham NA, Thornton D and Kagan RA, 2005, Motivating management: corporate compliance in environmental protection, Law and policy, 27, 2, 290-316
  • Hopkins A, 2011, Risk management and rule compliance: decision-making in hazardous industries, Safety science, 49, 1, 110-120.
  • Martinez-Moyano IJ, McCaffrey DP and Oliva R, 2014, Drift and adjustment in organisational rule compliance: explaining the ‘regulatory pendulum’ in financial markets, Organisation science, 25, 2, 321-338.
  • Nielsen VL and Parker C, 2012, Mixed motives: economic, social and normative motivation in business compliance, Law and policy, 34, 4, 429-462.
  • Parker D, 2003, Performance, risk and strategy in privatised, regulated industries: the UK's experience, International journal of public sector management, 16, 1, 75-100.

Key journals

  • Regulation and governance
  • Governance
  • Strategic management
  • Law and policy

Other resources: professional bodies for compliance and regulatory affairs professionals