The Ghanaian banking industry has undergone several changes in the past decade because of the effects of the global financial crisis in 2008 resulting in the collapse of some banks in Ghana. The Bank of Ghana introduced many measures to make the banking industry in Ghana robust.…
Due to the underdevelopment often noticed in many rural areas of Zimbabwe, the country’s civil servants such as teachers, confront hurdles in their workplaces and when navigating their day-to-day lives. This comes as a result of the economic crisis that the country is experienci…
Este trabalho de investigação tem como principal objetivo analisar como é que as decisões de investimento das empresas se relacionam com a respetiva situação financeira das empresas (medida através do peso dos juros nos resultados, do nível de endividamento, do custo do financia…
Networks appear to be vital living organisms which change, grow and develop through time; hence networks are shaped, dissolved and reformed on a constant base. Although an extensive body of research has focused on the outcomes and the antecedents of the interorganizational netwo…
Although it has been many years since the customs union agreement was signed between the European Union and Turkey, discussions are still up to date about its positive and negative effects. Unfortunately, most of the empirical studies in the literature are insufficient since the…
O presente trabalho visa abordar de forma particular um dos elementos essenciais para a verificação da existência de um auxílio de Estado à luz do Tratado sobre o Funcionamento da União Europeia (TFUE): os efeitos que os auxílios de Estado provocam na concorrência e a forma como…
This study examines the impact of corporate governance quality, ownership structure and ownership identity on the stock liquidity of public firms in the UK. The research uses a sample of 595 firms from the non-financial sector listed on the Alternative Investment Market (AIM), a…
The changing landscape of foreign aid has both stimulated and acknowledged the re-emergence of Southern countries as donors and providers of aid and knowledge in global development cooperation. This research explored how Indonesia, as a Southern state, has constructed the idea o…
This dissertation includes three working papers showing my research on the macroeconomic impact of uncertainty and bubbles. The first two papers look at uncertainty shocks in a dynamic stochastic general equilibrium framework, while the last one focuses on economic bubbles and c…
This study empirically examines the effect of global financial integration on the profitability, efficiency, stock premia, funding and market liquidity conditions of the South African banking industry. The thesis uses a different dataset and methodology in each respective empiri…
In the wake of raising global interconnectedness and the most recent global financial crisis, researchers, and practitioners alike show increasing interest in contagion and understanding its behaviour – measurement of observable patterns, levels of impact, variations and contrib…
This study analyses the association between Corporate Social Responsibility (CSR) and Cost of Capital for companies listed in the STOXX Europe 600 index, from 2002 to 2018. The Ohlson and Juettner-Nauroth (2005) and Easton (2004) models are used to compute an ex-ante cost of equ…
This thesis studies the temporal profile of the impact of systemic banking crises on suicide rates using a panel from 53 countries between 1980 and 2016. A methodology developed by Oscar Jordà in 2005, the Local Projections, was used to measure this impact.
Mergers and acquisitions were always a popular strategy used by numerous companies for diverse reasons. They account for transactions of billions of dollars every year. Nevertheless, researchers proved that M&As often end up not creating value for its shareholders. Recently, the…
In this study, we analyze a unique dataset of actual information about 290,000 household investment accounts and track retail investors' trading decisions with a focus on their economic and demographic characteristics. We examine and provide a comprehensive analysis of the role …
This study empirically compares the performance of risk parity (RP) investment strategy with other common investment strategies, resulting either from mean variance theory (MVT) - tangent and minimum variance portfolios - or naïve investments such as the 60/40 or the homogeneous…
Performing a panel data analysis for the EU countries, for the period between 1995 and 2019, this work studies the individual conduction of monetary and fiscal policies, so as the interactions among them. We aim to understand the differences that exist between the euro area and …
A crise financeira de 2007/2008 desencadeou uma onda de críticas à teoria económica. Ataques baseados em quatro críticas principais: os economistas não terem previsto a maior crise desde a Grande Depressão; as autoridades deixarem formar bolhas sem controlo; o falhanço da superv…
O estouro da bolha imobiliária nos EUA que culminou na crise financeira de 2008-09 reacendeu o interesse no estudo das vulnerabilidades que resultam de elevados níveis de alavancagem financeira. Para estudar a relação entre a alavancagem e os preços dos ativos, esta dissertação …