Members of the Department of Finance can offer supervision within the following areas.
Capital structure decision making including interactions between corporate investment and dividend/capital structure decisions. Issues relating to capital structure and firm performance and the study of agency costs. The examination of corporate events such as stock repurchases, corporate restructuring, mergers and acquisitions ,IPOs, delistings and financial distress & bankruptcy. Entrepreneurial finance, debt and equity gaps, venture capital and private equity, financial flexibility in firms and R&D smoothing.
Within the field of capital markets we can offer supervision which examines debt maturity, and a wide range of market microstructure topics including those relating to liquidity and liquidity risk, market architecture and the trading environment, as well as microstructure effects associated with the international cross-listing of securities. The use of derivatives for risk management. Islamic Finance. Institutional investment, portfolio investment, risk and investment volatility
Financial Regulation and Corporate Governance
Corporate governance – including shareholder voting, engagement, stock lending, communication within the board of directors, and board behaviour and performance, executive compensation. Agency conflicts. The use of the interbank market as a regulatory device, Basel III and new rules for global finance,.
Banking and Financial Services
Banking competition and credit market performance, debt maturity, firm performance, banking competition (market structure in the banking sector), credit information and credit market performance. Financial Innovation, financial resilience and monetary aggregation. Flow of funds modelling such as capital flight and cross-border investments, bank pricing behaviour in the UK as well as in emerging economies. Pensions, including defined benefit, defined contribution, collective and individual schemes, and risk sharing and pooling.