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Outputs (165)

Financial Stress Dynamics in the MENA Region: Evidence from the Arab Spring (2019)
Journal Article
Elsayed, A. H., & Yarovaya, L. (2019). Financial Stress Dynamics in the MENA Region: Evidence from the Arab Spring. Journal of International Financial Markets, Institutions and Money, 62, 20-34. https://doi.org/10.1016/j.intfin.2019.05.004

In this paper we analyse the impact of instability caused by the Arab Spring on the co-movements and volatility spillovers of aggregated Financial Stress Indices for eight MENA countries. Using a dynamic frequency connectedness framework, we conclude... Read More about Financial Stress Dynamics in the MENA Region: Evidence from the Arab Spring.

Fiduciary Duty under the Microscope: Stewardship and the spectrum of Pension Fund Engagement (2019)
Journal Article
Tilba, A., & Reisberg, A. (2019). Fiduciary Duty under the Microscope: Stewardship and the spectrum of Pension Fund Engagement. Modern Law Review, 82(3), 456--487. https://doi.org/10.1111/1468-2230.12413

UK pension fund trustees’ interpretations of their fiduciary duties may shape pension fund approaches to corporate stewardship and engagement envisioned by the UK Stewardship Code. Data from interviews with pension fund trustees, executives, investme... Read More about Fiduciary Duty under the Microscope: Stewardship and the spectrum of Pension Fund Engagement.

British corporate networks, 1976-2010: extending the study of finance-industry relationships (2018)
Journal Article
Buchnea, E., Tilba, A., & Wilson, J. (2020). British corporate networks, 1976-2010: extending the study of finance-industry relationships. Business History, 62(6), 1027-1057. https://doi.org/10.1080/00076791.2018.1512096

Using an extensive and unique data set that has been created to record the composition of the boards of directors of the top 250 British firms between 1904 and 2010, this article builds upon a previous study by the authors on the corporate network to... Read More about British corporate networks, 1976-2010: extending the study of finance-industry relationships.

Are Islamic and Conventional Capital Markets Decoupled? Evidence from Stock and Bonds/Sukuk Markets in Malaysia (2018)
Journal Article
Ahmed, H., & Elsayed, A. (2019). Are Islamic and Conventional Capital Markets Decoupled? Evidence from Stock and Bonds/Sukuk Markets in Malaysia. The Quarterly Review of Economics and Finance, 74, 56-66. https://doi.org/10.1016/j.qref.2018.04.005

This study examines the decoupling hypothesis between Islamic and conventional capital markets by analysing the dynamic interdependencies among conventional stock, Islamic stock, bonds and sukuk markets in Malaysia over the period January 3, 2007 to... Read More about Are Islamic and Conventional Capital Markets Decoupled? Evidence from Stock and Bonds/Sukuk Markets in Malaysia.

On the Transmission of Spillover Risks between the Housing Market, the Mortgage and Equity REITs markets, and the Stock Market (2018)
Journal Article
Damianov, D., & Elsayed, A. (2018). On the Transmission of Spillover Risks between the Housing Market, the Mortgage and Equity REITs markets, and the Stock Market. Finance Research Letters, 27, 193-200. https://doi.org/10.1016/j.frl.2018.03.001

Using monthly returns for the January 1975–December 2016 time period in U.S. markets, we report large variations in total, net and pairwise return spillovers across the housing market, the mortgage and equity real estate investment trusts (REITs) mar... Read More about On the Transmission of Spillover Risks between the Housing Market, the Mortgage and Equity REITs markets, and the Stock Market.

The British corporate network, 1904–1976: Revisiting the finance–industry relationship (2017)
Journal Article
Wilson, J. F., Buchnea, E., & Tilba, A. (2018). The British corporate network, 1904–1976: Revisiting the finance–industry relationship. Business History, 60(6), 779-806. https://doi.org/10.1080/00076791.2017.1333106

The relationship between finance and industry in Britain has received substantial attention, largely focusing on the role played by clearing banks as lenders to industry. This article, through the use of a unique dataset detailing the composition of... Read More about The British corporate network, 1904–1976: Revisiting the finance–industry relationship.

Vocabularies of Motive and Temporal Perspectives: Examples of Pension Fund Engagement and Disengagement (2017)
Journal Article
Tilba, A., & Wilson, J. F. (2017). Vocabularies of Motive and Temporal Perspectives: Examples of Pension Fund Engagement and Disengagement. British Journal of Management, 28(3), 502-518. https://doi.org/10.1111/1467-8551.12225

Prior research on institutional investors’ role in corporate governance draws a distinction between engaged and disengaged pension funds. The aim of this study was to shed more light on how pension fund practitioners talk about engagement and disenga... Read More about Vocabularies of Motive and Temporal Perspectives: Examples of Pension Fund Engagement and Disengagement.

‘To invite disappointment or worse’: governance, audit and due diligence in the Ferranti–ISC merger (2015)
Journal Article
Billings, M., Tilba, A., & Wilson, J. (2016). ‘To invite disappointment or worse’: governance, audit and due diligence in the Ferranti–ISC merger. Business History, 58(4), 453-478. https://doi.org/10.1080/00076791.2015.1085973

Mergers and acquisitions frequently destroy shareholder value, and UK companies have a particularly poor record in US deals. But outcomes are rarely as calamitous as in the case of the British electronics group Ferranti which in 1987 entered into a s... Read More about ‘To invite disappointment or worse’: governance, audit and due diligence in the Ferranti–ISC merger.

Engaged versus Disengaged Ownership: The Case of Pension Funds in the UK (2012)
Journal Article
Tilba, A., & McNulty, T. (2013). Engaged versus Disengaged Ownership: The Case of Pension Funds in the UK. Corporate Governance, 21(2), 165-182. https://doi.org/10.1111/j.1467-8683.2012.00933.x

Manuscript Type Empirical Research Question/Issue This study examines how the practice of pension fund investment management informs the ownership behavior of pension funds vis‐à‐vis investee corporations. Research Findings/Insights Using data from:... Read More about Engaged versus Disengaged Ownership: The Case of Pension Funds in the UK.