The Geography of Finance tackles crucial issues regarding the emerging global market for corporate governance. The authors describe and explain the transformation of European corporate governance in the light of the imperatives driving global financial markets, using an innovative analytical...

This paper seeks to understand the Asian crisis through the eyes of the City of London. Relying upon material provided by <I>The Financial Times</I> (FT), we construct an index of pessimism to chart the dominant City of London interpretation of the path of the crisis. This index is set against data on...</i>

In the aftermath of the global financial crisis, new financial technology (fintech) start-ups have emerged to challenge the long-established position of financial services incumbents. Drawing on resource-based theory and institutional theory, we investigate how the emergence of fintech start-ups...

With the collapse of the TMT bubble and a number of high-profile scandals of corporate governance around the world, the language of finance is being re-written to include market inefficiency. Not surprisingly, there is an increasing premium on market information - national and international. As...

Of the events signalling the end of the TMT bubble, scandals of corporate governance in the US and Europe captured the public imagination. In play were the greed and hubris of senior executives prompting further debate over countries' standards of corporate governance. If Enron and WorldCom were...

This paper documents the relationship between cross-listing and corporate governance of the largest European companies between 2000 and 2003. Companies with a U.S. cross-listing, and particularly those listed on a U.S. stock exchange had higher corporate governance ratings than companies without...

This report summarises the scientific content and results of the European Science Foundation Exploratory Workshop on 'Economic Geography and European Finance' held at Jesus College, Oxford University, 16-19 September 2004. The objective of the workshop was to further our understanding of the...

Believed to be a robust alternative to Anglo-American market capitalism, the virtues of the German model are increasingly disputed as doubts are raised about its long-term prospects. At the core of the German model is a system of corporate governance characterized by concentrated ownership and...

For some, global finance is ubiquitous and penetrates into every corner of the world. In this case, the growth of advanced electronic communications coupled with top-down investment strategies has provided institutional investors entry into even the most sheltered of capital markets including...

In this paper, we explore the path and interpretation of the Asian financial crisis (1997-1999). Much of the literature on the crisis has stressed issues of liquidity and market stability, the problems of determining cause and effect, and the role of institutions in amplifying or ameliorating...