Labor market regulation can have harmful unintended consequences. In many markets, especially for public sector workers, pay is regulated to be the same for individuals across heterogeneous geographical labor markets. We would predict that this will mean labor supply problems and potential falls...

The UK housing finance system is still recovering from the credit and financial crisis of 2007–2008. Some features of the system have made it particularly vulnerable to this crisis, notably the extent to which lenders have been reliant on the money markets and securitisation to enable them to...

We investigate the empirical relationship between managerial ownership of shares and corporate performance, using a panel dataset of 389 UK manufacturing companies. The two measures of performance investigated are: market valuation, as expressed by Tobin''s Q, and total factor productivity...

We generate an original dataset on bribe payments at two competing ports in Southern Africa that allows us to take an unusually close look at the relationship between bureaucratic organization, bribe-setting behavior and the costs corruption imposes on users of public services. We find that the...

This thesis examines disclosure of 250 profit forecasts in 701 UK takeover bids in the period 1988 to 1992 against five research issues: - Factors influencing disclosure of forecasts - Influence of prevailing market expectations - Effect of disclosure of forecasts on the outcome of bids -...

This thesis addresses the question as to why employees participate (or not) in their company's Sharesave scheme. A model of the factors which influence participation is developed based on the financial participation literature and pilot study interviews with a selection of company Sharesave...

Is it the case that more competitive SMEs have greater capacity to adopt environmental initiatives? The answer is no, according to this study which tried to link small firm environmental performance to factors such as profitability, growth, skills and research and development. This study focuses...

Financial Risk Forecasting is a complete introduction to practical quantitative risk management, with a focus on market risk. Derived from the authors teaching notes and years spent training practitioners in risk management techniques, it brings together the three key disciplines of finance,...

We evaluate the statistical and economic differences between affine term-structure models. Despite the voluminous literature on this subject, we have a limited understanding of those structural features of the models that are important in practice. Given that the key distinguishing...

The role of the Chief Information Officer (CIO) is one of facilitating executive decisions regarding the innovations, provision and use of state-of-the-art Information and Communication Technologies (ICT). The aim of this paper is to investigate CIO perceptions of strategy and ICT investment...