This work comprises five chapters that explore in detail issues related to real exchange rate volatility and trade openness. In the case of real exchange rate volatility, we start with the decomposition of this measure to determine the relative contribution of traded and nontrad…
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Nominal exchange rate stability has long been considered as a policy choice for many oil-exporting economies, including the GCC countries. The main motives for such policy choices include the desire to import credibility to domestic currencies, stabilize oil revenues and in turn…
This study draws on in-depth semi-structured interviews with seventeen partnered mothers in Newcastle upon Tyne. All the study households contained a full time wage earner and had an income between 60 and 85% of the national median household income. The aims of the study were: 1…
In this dissertation, I examine the relationship between market structure and average stock returns in the London Stock Exchange during 1985 and 2010. Using Multifactor asset pricing theory, I test whether industry concentration is a new asset pricing factor in addition to conve…
Asset-based approaches to welfare may be seen as part of a broader trend towards individual responsibility and private provision. With pressures on pension systems and the concentration of wealth in owner-occupied housing, there is debate about the potential of equity release as…
Most scholars have concluded that actively managed equity mutual funds as a whole underperform their passively managed counterparts, linked to some benchmarks. In other words, active equity fund managers on average do not have enough significant stock-picking abilities to add va…
This thesis aims to examine a number of issues related to exchange rate movements at different time horizons: long-run, in terms of investigating equilibrium real exchange rates; medium-run, in terms of investigating predictability of exchange rates in out-of-sample forecasting …
This thesis investigates the role of the Non-Executive Directors (NEDs) of the listed companies in the Alternative Investment Market (AIM) in the UK. Literature review on general theoretical framework on corporate governance and on the role of NEDs shows that there is a paradoxi…
Financial reporting should provide decision makers with useful information. One qualitative characteristic of useful information is its classificatory value. Prior studies in accounting, economics and finance provide evidence that balance sheet and income statement ratios can be…
The dissertation aims at the further understanding of several critical issues in the stock markets. It contains four chapters. Cross-sectional stock returns and asset pricing has been one of the most important areas in financial economics. With the empirical failure of the Capit…
Bayesian nonparametric modelling has recently attracted a lot of attention, mainly due to the advancement of various simulation techniques, and especially Monte Carlo Markov Chain (MCMC) methods. In this thesis I propose some Bayesian nonparametric models for grouped data, which…
This legal study identifies through a case-study of Zimbabwe the range of essential legal reforms an emerging market should implement to establish financial infrastructure that enables the structuring of securitization transactions and the prevention and management of risks – su…
It is said among historians, that there are two remarkable innovations in modern finance: deposit banking in southern Europe and negotiable bills in northern Europe, especially Antwerp. Although negotiable bills are as important as deposit banking (because they became a foundati…
Factor analysis has contributed imperatively towards solving the dimensionality problem and identifying the underlying factor structure governing term structure of interest rates. The estimated latent factors are known as level, slope, and curvature. These factors can be estimat…
This thesis focuses on the stability, strategic investment decisions and intermediation patterns of banks using different samples that cover many key regions of the world. To this end, three distinct lines of research are pursued. First, an empirical analysis of the relationship…
This thesis seeks to investigate identity formation within the London investment banking sector in the context of career development. The sector has undergone a host of changes in the past two decades. The ‘Old City’ was distinguished by trust, reputation and stability which was…
The principles of knowledge management (KM) are widely acknowledged and have been developed over the last 50 years, especially in such disciplines as management science, sociology, and construction. Whilst knowledge management (KM) is still an evolving practice, specific emphasi…