Finance and Governance
Focus of our research
Our mission is to promote world-leading theoretical and empirical research in the area of finance and governance that supports and influences national and international organisations and their integrity in business dealings.
The Finance and Governance (FG) research theme aims to deliver world-leading research on the link between good corporate governance mechanisms and the promotion of integrity in the financial function of modern corporations and governmental institutions.
The theme comprises of 2 key interrelated themes namely Corporate Finance and Governance (CFG) and Financial Markets, Intermediation and Ethical Finance (FMIEF).
Corporate Finance and Governance (CFG)
Lead: Prof. Ahmed El-Masry
This research stream aims to promote knowledge creation and dissemination through undertaking empirical and theoretical research on subjects relating to corporate finance and governance characteristics. It serves as a platform that facilitates multidisciplinary research across relevant subjects between members of the CFCI and its themes, with other research centres, and between the CFCI academics and external scholars at national and international level. It also provides our PGR students with a full support for developing their research on the subject of finance and corporate governance.
Research topics Corporate governance performance and structures Corporate governance and sustainability Board of directors and gender diversity Executive compensation schemes Earnings management Corporate payout policies Financing decisions and capital structure IPOs and SEOs Mergers and acquisitions (M&As) Alternative financing (i.e. crowdfunding, private equity, etc.) Corporate social responsibility and financial performance Corporate risk management Governance, fraud and financial crime
Financial Markets, Intermediation and Ethical Finance (FMIEF)
The Financial Markets, Intermediation and Ethical Finance (FMIEF) stream focuses on a range of topics related to the functioning of the financial markets, their pricing mechanism, and the process of financial intermediation including bank behaviour, operational characteristics and performance evaluation. In addition to the aforementioned established research areas, the FMIEF has gained a strong reputation in pricing non-conventional assets such as catastrophe bonds and Sukuk. Our stream is committed to the research on the factors that can disturb the integrity of the financial markets, which range among investors’ psychological bias, market constraints, and external shocks.
Research topics Non-conventional debt instruments Market efficiency and investment behaviour Islamic finance and banking Responsible finance and investing Ethical finance and portfolio management Equity crowdfunding and financial stability Banking and financial intermediation Financial inclusion and stability Investment in frontier markets Volatility, spillover, and contagion Financial technology including neural networks and machine learning in financial forecasting International investment management and geopolitical risks Bank performance and financial stability Risk management in banking Religion, CSR and bank performance Financial technology and financial crime Ethical screening and environmental, social & governance performance
The theme is led by Professor Ahmed El-Masry and benefits from a collegiate group of research staff, associates, PhD candidates and visiting professors.
|Professor Panagiotis Andrikopoulos||Executive Director, Centre for Financial and Corporate Integrity||Stakeholder Theory; Corporate Finance; Behavioural Finance; Empirical Asset Pricing|
|Professor Ahmed El-Masry||Professor in Corporate Finance and Governance, Theme Lead for Finance and Governance (FG)||Corporate governance, Risk management, Leverage (distress risk) and stock returns, Islamic finance, Dividend policy, Capital structure, Capital adequacy, Market efficiency/anomalies, Credit risk in SMES, Mergers and acquisitions, Financial stability, Financial inclusion, Prediction using neural networks and machine learning|
|Professor Yilmaz Guney||Professor of Finance||Corporate finance and corporate governance|
|Professor Nathan Lael Joseph||Professor of Accounting and Finance||Governance and financial integrity, fund performance, asset pricing and risk management, regulation of financial markets, financial market crashes, time series analysis (including GARCH-type processes), accounting disclosure, financial and accounting regulation, mergers and acquisitions, information content of internet message boards.|
|Dr Thang Nguyen||Assistant Professor of Finance||Fintech and crowdfunding, Entrepreneurial finance, Corporate Finance and corporate diversification|
|Dr Jin Suk Park||Associate Professor and PGR Director||Instability in stock, foreign exchange and commodity futures markets; Interaction between the economy and financial markets; Sectoral studies - port, maritime and transportation industries; Regional studies - East Asia and Europe|