Many British workers rely upon their accumulated pension savings for retirement income. Whether they appreciate the importance of saving for the future, and whether they intend to do so, are not well-understood. Based upon a representative sample of UK residents, we show that the perceived...

Good governance by institutional fund asset owners makes a significant incremental difference to value creation as measured by their long-term risk-adjusted rate of return. Drawing upon best-practice case studies, it is argued that the principles of good governance can be summarised by...

We examine European corporate governance with respect to the relationship between shareholder value and capital investment. Based upon Europe's largest listed companies, it is shown that Anglo-American conceptions of shareholder value are increasingly important for European firms whatever their...

Asset allocation is a classic topic in the theory of finance, and a crucial issue for investment policy. Noted for its significance in driving pension fund performance, it is also an issue that individual investors consider when designing their investment portfolios. In theory, Markowitz and...

Global finance is often demonised by its critics; those critics may be well intentioned in that they speak on behalf of the welfare of working men and women. Critics may be also entrenched elites concerned with protecting their own power and privilege rather than the future welfare of society....

Squeezed between increasing entitlement expenditures and static or declining real revenues, state-funded urban development is increasingly an unaffordable luxury. At the same time, the power and significance of the banking sector is giving way to new kinds of financial institutions that have...

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...