• Research
• Accounting and Finance
• • Research Areas
  • Research In-depth

Research Areas

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

Corporate Governance and Corporate Finance

Faculty

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

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
Xiaojiang Zhang
Aanand Venkatramanan

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.

 

Accounting

Faculty

John Forker
Hans Van Der Heijden
Dimitrios Gounopoulos

Key areas of interest include:

• Financial reporting quality
• Accountability and performance measurement applied to a range of private, public and non-profit organisations. 
• Processes of organisational change and resistance to new systems implementation
• Implementation of ERP systems, their impacts and the opportunities they provide for organisation change
• Concepts of world class manufacturing
• The development of a cultural political economy of management accounting
• Connections between management control, culture and ethnicity;
• Management accounting in the context of economic development.
  
  

There is considerable experience of field study research, much of it being undertaken within business organisations as well as in public sector and other not-for-profit organisations.

Banking

Faculty

Surendranath Jory
Emmanuel Mamatzakis
Nikolaos Papanikolaou

Key areas of interest include:

• Bank performance
• Diversification
• Competition and risk
• Financial crises
• Provisiong 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 the special emphasis on the bank regulation.