The main aim of this thesis is to evaluate the feasibility of intangible asset accounting in financial reporting with particular reference to the football industry. It also examines related accounting policies. Lack of reliable measurement is the major obstacle to the recognitio…
"311" Result
Sort By:
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 self-contained chapters. The first two chapters are concerned with the same overall topic though, namely exchange rate determination in Emerging Economies (EMEs), while the third chapter is related to the dynamics of capital flows in EMEs. The first…
The present thesis examines whether important corporate governance characteristics of British boards are related to corporate cash holdings/liquidity, firm performance and stock price crashes. By conducting this research, we examine the informational content for investors and po…
In this thesis, we propose three new computational methods to price financial derivatives and construct hedging strategies under several underlying asset price dynamics. First, we introduce a method to price and hedge European basket options under two displaced processes with ju…
This thesis analyses the effects of certain real shocks on the nominal and real exchange rates. The first chapter analyses the impact and long run effects of an open market operation when domestic and foreign assets are imperfect substitutes. The nominal exchange rate overshoots…
This research aims to evaluate the currently applied valuation approaches in practice among German and Swiss professional investors for renewable energy (RE) projects based on an explanatory, sequential, mixed-methods (MM) research approach, compared to existing financial theory…
Financial capability is a multifaceted concept that describes the skills and knowledge of managing one's financial resources. This area has seen recent interest in identifying the underlying factors due to the increasing responsibility placed upon consumers. Policy makers typica…
This thesis consists of three papers on different topics on international financial markets. The first paper provides insights into the dynamics of decreasing asset prices. I show how preferences in line with cumulative prospect theory can explain the temporary reversal of the d…
How inclusive is inclusive finance? In this thesis, I examine a phenomenon which I describe as ‘bifurcated banking’. Exploring the case of Pakistan, I observe that policies of inclusive finance generate a heterogeneous financial space. The institutionalisation of inclusive finan…
This study highlights the role of cash flow forecasting process in capital budgeting decisions, where the forecasting process starts with identifying the procedures and methods used in forecasting, and ends by estimating future cash flow required by managers for decision-making.…
Using a comprehensive firm-level dataset from the National Bureau Statistics (NBS) of China over the period 2000-2007, this thesis studies political connections, intended as the \(lishu\) relationship between Chinese manufacturing firms and central, provincial or local governmen…
The present dissertation includes three essays on initial public offerings (IPO). The first chapter investigates the impact of venture capital (VC) syndicate size and diversity on the IPO and post-IPO performances of investee companies. We provide evidence that firms backed by l…
Portfolio optimization in an uncertain environment has great practical value in investment decision process. But this area is highly fragmented due to fast evolution of market structure and changing investor behavior. In this dissertation, four methods are investigated/designed …
This thesis comprises of five chapters. The first chapter gives a brief introduction on the existing literature about the optimal trading order execution problem, the concept of limit order book, market impact models and their underlying market microstructure. We will also provi…
Further studies are required to provide an insight and understanding into the internationalisation process of EMNCs, because the theories of firms' internationalisation were developed from studies in advanced countries. However the behaviour of EMNCs may be different from that o…
Microfinance Institutions (MFIs) play important roles in socio-economic development and poverty alleviation particularly in developing countries. It has however been argued that the focus of MFIs is changing from the traditional purely social to commercial (mission drift) and ha…
This thesis includes four empirical studies related to foreign direct investment (FDI), governance, economic growth and the environment. We firstly investigate the existence of the so called pollution haven hypothesis (PHH) in China, i.e. the impact of regional environmental reg…
Providing access to finance to the poor has been proposed as a tool for economic development and poverty reduction. Our research aims to provide a deep analysis of how to enhance access to finance on a sustainable basis, focussing on rural Vietnam. It analyzes four main areas: (…