The eXtensible Markup Language (XML) has been widely adopted in many financial institutions in their daily transactions; this adoption was due to the flexible nature of XML providing a common syntax for systems messaging in general and in financial messaging in specific. Excessi…
This study aimed to investigate the main impact of adopting the International Financial Report Standards (IFRSs) on the users of financial reports in both the Dubai Financial Market (DFM) and the Abu Dhabi stock exchange (ADX). The study has also examined the impact of adopting …
The purpose of this thesis is to provide a new simple theoretical framework for understanding the sterilisation of foreign exchange intervention within a monetary policy framework where a short-term interest rate is the main policy instrument. Another aim is to carry out new emp…
E-CRM emerges from the Internet and web technology to facilitate the implementation of CRM; it focuses on Internet or web-based interaction between banks and their customers. In particular, E-CRM enables banks to provide appropriate service and products to satisfy the customer a…
This dissertation explores the relationship and the determinants of FDI, trade and migration in three empirical studies. The first study estimate the Knowledge Capital model (KK) to explore the determinants and types of FDI in a small developing country, Pakistan. The results in…
Foreign exchange carry trades involve buying high yielding currencies while selling low yielding currencies. Contrary to the implications of the uncovered interest parity condition, carry trades have generated consistent profits in the past decades. As foreign exchange has gaine…
Effective financial reporting has become of critical importance in our economic markets and the international accounting scandals of the last decades have accentuated the role of auditing in protecting stakeholders' interests and contributing to an efficient functioning of finan…
This thesis examines the capital structure determinants of private SMEs in China and the extent to which financial theories of capital structure adequately explain their financing behaviour. It also investigates whether other theoretical perspectives can be utilised to explain t…
The main aim of this study is to identify and analyse, both qualitatively and quantitatively, the potential effects of the World Trade Organization (WTO) on the Libyan Banking sector using DEA and Panel data regression methods. Libya has not gained its full membership of the WTO…
The aim of this thesis is to contribute to the understanding of corporate decision making regarding foreign direct investments (FDI) by applying two behavioural finance concepts, home bias and herding, to the analysis of FDI flows. I contribute to the literature by empirically t…
This thesis analyses the link between interest rate risk faced by financial intermediaries in the G-10 countries, their balance sheet composition and national bank regulation. The regulatory authorities both in the US and in Europe increasingly emphasise the issue of bank intere…
Credit spreads are important financial tools, since they are used as indicators of economic progression, investment decisions, trading and hedging, as well as pricing credit derivatives. Their role has become more significant for the European fixed income markets since the intro…
In increasingly competitive, complex and volatile environments, the urge to fully understand the future and to thereby deduce insights for strategic processes has - over the past decades - always been of great interest to academics and practitioners. Corporate foresight related …
In this dissertation we study the indifference buyer's price and the indifference seller's price of an uncertainty averse decision-maker and the characterization of a decision maker's attitudes toward uncertainty. In the first part of the dissertation we study the properties ful…
How do we explain divergent trajectories of change in wage bargaining institutions? The advancement of European economic integration, leading to markets liberalisation and increased competition, was expected to bring the breakdown of centralised bargaining arrangements. This exp…
Researchers have developed investigations into both initial and seasoned equity offering (SEO) by obtaining data from developed markets (e.g. Denis, 1994; Kothari and Warner, 1997; Corwin, 2003; Eckbo et al., 2006), while the literature in emerging markets is relatively neglecte…
In this thesis we investigate the question of asset price predictability. The two major themes that we focus on are firstly; whether machine learning and statistical modelling techniques, which impose less restrictive assumptions on asset price dynamics than do classical linear …
In this thesis, I analyse the influence of financial economic theory on financial reporting practice. This influence has manifested itself in the increasing use of economic methods introduced into practice by the publication and implementation of certain economics-based accounti…
In this thesis, we investigate a pensioner’s gains from access to annuities. We observe a pensioner aged 65, having constant income from social security, having certain amount of pension wealth at age 65. The pensioner optimally decides each year how much of his available assets…