- 'FRS13: Corporate Governance and Accountability: A Fund Manager's Perspective', (with T. Dunne, C.Helliar & K.Ow-Yong).
- 'The Stock Market Reaction to FRS13' (with T. Dunne, C.Helliar, K.Ow-Yong and D.M. Power).
- 'Institutional Investors and Voting: Barriers to the Effective Exercise of Voice'.
- 'Trustees, Institutional Investors and Ultimate Beneficiaries: the Corporate Governance Implications'.
- 'Are Ethical Investments Socially Responsible?' (with. S. Hellsten).
- AM Nayak, SM Greenfield. 1997. Discussion Papers in CorporateFinance, Dilemmas in Fundholding Mechanisms of Choice in General Practice.Volume 08-97, Birmingham Business School, Department of Accounting andFinance.
- Overconfidence, Perceived Signal Dependency and Momentum, 2004 (sole author)
- MF Theobald , P Yallup . 1996. Settlement, Tax and Non-synchronous Effects in the Basis of UK Stock Index Futures, IFG Working Paper 96-01.
- MF Theobald . 1998. Discussion Papers in Corporate Finance, Mean Reversion and Basis Dynamics. University of Birmingham, Dept of Accounting & Finance.
- M. Mak, Long-term market and accounting performance around corporate refocusing activities.
- M. Mak, Conservatism and timeliness of earnings with accounting refocusing activities.
- M. Mak, The effects of corporate refocusing on UK financial analysts' earnings forecasts
