Finance and Governance
The Finance and Governance (FG) research cluster 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 cluster 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 clusters, 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)
Co-Leads: Dr Jin Suk Park & Dr Sailesh Tanna
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 |
Cluster Lead
Prof. Ahmed El-Masry
Ahmed El-Marsy has been working in academia for more than 30 years in various universities in Egypt, Saudi Arabia, Malta, Singapore, France and the UK. He has published more than 40 peer-reviewed articles in international journals. His research interests include; risk management, stock market behaviour, banking efficiency, forecasting of oil and stock prices, capital structure, credit ratings, dividend policy, M&As, Islamic banking & finance, financial inclusion, financial stability, CSR and corporate governance.
