Business and Management

Research areas

The subject group’s work is organised into the following areas:

Business Finance

Corporate Governance and Corporate Finance

Faculty

Dimitrios Gounopoulos
Bruce Hearn
Ranko Jelic
Surendranath Jory 
Mike Osborne 
Xiaoxiang Zhang 

Key areas of interest include:

  • Board remuneration and expropriation of private benefits of control

  • Institutional and firm governance determinants of initial primary offering (IPO) listings 

  • Levels of IPO under-pricing

Financial Markets and Instruments

Faculty

Carol Alexander 
Ding Chen
Michael Coulon 
Andreas Kaeck
Mike Osborne
Aanand Venkatramanan
Xiaoxiang Zhang 

Key areas of interest include:

  • Highly leveraged, derivative-like risks
  • Threats and opportunities that exchange-traded product markets present to traders, investors and exchanges
  • Modelling price and volatility dynamics (with novel applications of both Bayesian methods and wave functions)
  • Advances in high frequency data analysis based on panel methods
  • Characterisations of speculation using limited dependent variable models

We have a patented model for pricing active ETFs and, in collaboration with a large bank, we have performed one of the most extensive analysis of the VIX futures ETNs to date.



Statistical Finance and Financial Econometrics

Faculty

Carol Alexander 
Ding Chen
Andreas Kaeck

Key areas of interest include:

  • Econometric and statistical methods including: Markov Chain Monte Carlo, Kalman filtering
  • General portfolio optimisation criteria and resolution methods
  • Quantile regression and cointegration.

 

Banking

Faculty

Surendranath Jory
Emmanuel Mamatzakis
Nikolaos Papanikolaou

Key areas of interest include:

  • Bank performance
  • Diversification
  • Competition and risk
  • Financial crises
  • Provision and regulation
  • Burdens and drivers of bank acquirers
  • Government intervention
  • Executive compensation in banking

We develop theoretical and empirical models so as to examine the roots, consequences and remedies for the financial crises with special emphasis on bank regulation.


Further details of Finance research may be found on the research pages, as well as the personal web pages of staff - along with biographical profiles, references to key recent publications, and information about on-going projects.