The thesis aims to explain the determination of employment at the industry level - in particular, the S.I.C. Orders of the U.K. engineering industry. The traditional demand-orientated approach is examined theoretically and empirically. Many developments are made to the models, b…
This thesis composes of four empirical studies with an attempt to assess the role of institutions as key determinant of cross-country development. We have unbundled the different facets of institutions, including the security of property rights, democracy, regulation and stabili…
The aim of this thesis is to investigate the effects of foreign exchange order flows on exchange rate and stock market changes, in particular to examine the forecasting power of order flows and better understand the nature of the private information conveyed in order flows in th…
Although most macroeconomists agree that the control of inflation may involve losses of output, there is no consensus about why. New Classical economists, focusing on the issue of credibility, have identified incentive problems as important obstacles to price stability. On the c…
Research on corporate governance in different institutional and national contexts is important because of the peculiarity of differing institutional environments, and the extent to which governance models are transferred or copied from one environment to another. Thus, research …
This thesis employed a case study approach to explore the rules and routines that have evolved within the Investor Relations (IR) functions of a large Canadian public company (ABC) from the inception of their IR website in 1997 to 2010. Utilizing weblog analysis, institutional t…
This thesis consists of three chapters on post-reform Chinese business cycles and alternative methods for solving non-linear rational expectations models. Using quarterly data for the period 1980-2009, Chapter 1 examines the effects of aggregate demand and supply shocks on aggre…
This thesis addresses the topic of open market share repurchases in Europe over the period 1997 to 2006. This thesis strives to document and clarify the managerial motives as well as the market perception and respective reaction to open market share repurchases, in a cross count…
Today’s business requires managers who can make an impact by competing successfully in the context of globalisation. Organisational learning contributes to a firm’s ability to compete. However, particularly in small and medium enterprises, research into managers’ approaches to t…
This thesis investigates the factors influencing an academics involvement with industry and how these collaborations a¤ect research outputs in terms of publications and patents. It employs a longitudinal dataset that comprises more than 4000 engineering academics over 20 years a…
This thesis presents an experimental investigation of free riding behaviour and, more particularly, individual responses to it using, as a workhorse, the so called public goods game. This game starkly isolates the conflict between private and collective interest, providing us wi…
This thesis is intended to assess the contribution of British direct investment to the economic development of Nigeria between 1955 and 1972. Chapter One establishes the background to the study by considering the main features of the Nigerian economy, the determinants of economi…
The aim of this thesis is the development of a political economy of large accounting and auditing firms. The importance of this lies in the rapid growth of these firms and the lack of appropriate theories. Economists have applied the theory of the firm to accounting and have app…
Although Argentina does not rank badly in democratic indexes, actual levels of institutional quality in subnational units do not always scale down evenly. Some Argentinian provinces and municipalities are truly obscure places in terms of law enforcement, bureaucratic effectivene…
This thesis consists of three main chapters. Its first and second chapters are concerned with univariate distributions modelling of financial data, while the third chapter has more applied and pragmatic financial scope of the Value-at-Risk estimations. First chapter targets deve…
This thesis consists of three essays that investigate inequality within the household with a particular focus on the effects of intra-household resource allocation and informal child fostering on the welfare of children. The first essay estimates individual resource shares withi…
Regret is a negative emotion experienced upon the realisation that, had an alternative course of action been chosen, your current situation could have been improved. Psychologists and behavioural economists have long been interested in the extent to which both the anticipation a…
This research is mainly concerned with numerical optimisation techniques applied to general non-linear econometric simultaneous equations systems. The method of estimation used is maximum likelihood. An estimation program which applies gradient-type procedures, specifically the …
This thesis consists of three chapters, in which I examine recent developments in the area of international finance. In Chapter 2, I introduce a new class of hybrid exchange rate models that combine macroeconomic variables with information from a foreign exchange interdealer tra…