This paper provides new evidence on the determinants of foreign currency sovereign ratings. It examines the systematic differences between credit rating agencies regarding both the factors included in the sovereign rating process and the weightings attached to these factors, as well as the...

This paper examines the role of information in the management of railway entreprises from 1900 to c1921. Historically the railway sector has been as backward in adopting new management techniques. Only the North Eastern Railway and its use of statistical analysis for management control has been...

Collaborative supply relationships (CSRs) are growing in significance in contemporary inter-organizational management. Their growing significance apart, they are distinguished from traditional buyer-supplier relationships by their unique characteristics. These unique characteristics have...

This paper compares the performance of Black-Scholes with an artificial neural network (ANN) in pricing European style call options on the FTSE 100 index. It is the first to study the performance of ANNs in pricing UK options, and the first to allow for dividends in the closed-form model and the...

This paper presents a formal analysis of the effects of asset backed securisation on the capital composition of banking institutions. A model of a banking firm is presented that highlights the interrelationship between deposit insurance, capital requirements and securitisation.

Thi paper examines the relationships that exists between individuals and the physical and social environment. The text presented here is a reflection on the meaning of work in the generation of young adults reaching full-time employment age in the mid 1990's.

This paper concludes that a market for state-contingent claims (UK horserace betting) displays evidence of pervasive, but heterogeneous forms of, inefficiency, in significant contrast to earlier investigations. Using hitherto unavailable data, comparison of notional returns implicit in parallel...

The purpose of this paper is to present an application of a cach flow-based Contingent Claims Analysis (CCA) to equity valuation. The cach flow-based Contingent Claims Analysis is used to extend a traditional CCA toproblems with incomplete capital markets, overreacted markets of situations where...