This thesis is concerned with the banking structure and its governance when the industrial policy and the banking technology change over time. The first part of the thesis briefly reviews the East Asian banking structure and its changes during the industrialisation. In chapter 2…
This work argues that the development of the Lusaka Stock Exchange into a competitive stock market has been constrained by a number of factors which include inadequate liquidity on the market and weaknesses in the legal framework for regulating public distribution of securities …
The aim of this thesis is to analyse formal and informal credit in Ethiopia and Malawi. As credit markets in developing economies are dominated by informal institutions, the analysis of the interaction between formal and informal institutions is crucial to understanding how welf…
Many national and international instruments have been concerned with building an effective procurement system. In this context, particular procurement issues, such as the implementation of secondary policies, the review mechanism to address complaints, provisions on electronic p…
Towards the end of the twentieth century there was a furore of activity and interest regarding the potential of information communication technologies (ICTs) to contribute towards a process of development. The growing interest in ICT for development (ICT4D) resulted in a World S…
The social and economic environments of developing countries differ from those of liberal market economies of the developed countries, and the differences are reflected in the accounting disclosure practices. Recent years have shown an increased attention paid by accounting rese…
The UK credit card market has attracted significant interest since the late 1990s, partly because of the strong growth it has enjoyed and also because of the aggressive behaviour of a number of new entrants. The credit card market consists of two very different businesses: card …
Comprehensive economic reform in China from 1978 has introduced profound restructuring of its financial system, in particular the banking sector. Recent initiatives have focused on ownership transformation via foreign participation and stock listing. China's stock markets have r…
This thesis studies the impact of investor protection and bank regulation on the shareholder wealth around merger and acquisition announcements in the banking industry during the period 1995-2005. The analysis is based on 508 targets, 1,424 bidders and 388 combined firms coverin…
This thesis conducts three different empirical studies and finds that some of the pre-2007 risk assessment model could underestimate the systemic risk of the banking sector and justifies an overhaul. First, it simulates the contagion impact of the UK interbank market. Subject to…
There is no legal or regulatory of what constitutes a hedge fund, though the generally accepted definition is that they are unregulated pools that invest in any asset class as well as derivative securities and use long and short positions, as well as leverage where the manager i…
Inter-organisational cost management and control (IOCM and control) is generally defined as a means whereby independent organisations protect their interests and coordinate resources to create value from their inter-organisational relationships (IORs). While research in IOCM and…
To stay competitive and sustain long-term profitability, Business Process Improvement (BPI) methodologies have become strategically important for financial institutions in recent years. These include well-known approaches such as Total Quality Management (TQM), Business Process …
Academics and professionals have paid attention mainly to performance measurement systems that have implemented financial and non financial measures. However, the majority of previous studies were conducted in developed countries, but very little had been carried out in developi…
The focus of the thesis is on the role of exchange rates in price setting and consequentially nominal price stickiness. A data set was constructed of individual product lines that were imported to the UK, together with competitive product lines. The empirical results showed that…
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…
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…