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University of Essex

Discussion Papers

List of discussion papers in the Finance subject area

For a list of all Essex Business School working papers, please go to working papers page.
2010 TITLES
DP 10/01
Vinogradov, D.
Destructive Effects of Constructive Ambiguity in Risky Times Full Paper
2009 TITLES
DP 09/05
Vinogradov, D.
Banks, Credibility and Macroeconomic Evolution after a Production Shock
Full Paper
DP 09/04
Liu, X.
Kuo, J.
Coakley, J.
A Pricing Kernel Approach to Valuing Interest Rate Options
Full Paper
DP 09/03
Khuman, A.
Constantinou, N.
How does CPPI perform against the simplest guarantee strategies ?
Full Paper
DP 09/02
Nakata, H.
Equivalent Comparisons of Information Channels
Full Paper
DP 09/01
Chortareas, G.
Jitmaneeroj, B.
Wood, A.
Forecast Rationality and Monetary Policy Frameworks: Evidence from UK Interest Rate Forecasts
Full Paper
2008 TITLES
DP 08/02
Nankervis, J.
Savin, N.E.
Testing for Serial Correlation: Generalized Andrews-Ploberger Tests
Full Paper
DP 08/01
Casu, B &
Girardone, C
Integration and efficiency in EU banking markets
Full Paper
2007 TITLES
DP 07/07
Hsiao-Peng Fu &
Andrew Wood
Momentum in Taiwan: Seasonality matters!
Full Paper
DP 07/06
Neil Kellard &
Nicholas Sarantis
Can Exchange Rate Volatility Explain Persistence in the Forward Premium?
Full Paper
DP 07/05
A. Cipollini &
G. Kapetanios
A Stochastic Variance Factor Model for Large Datasets and an Application to S&P data
Full Paper
DP 07/04
Andrea Cipollini,
Bassam Fattouh &
Kostas Mouratidis
Fiscal Readjustments in the US: A Non-linear Time Series Analysis
Full Paper
DP 07/03
Abdul-Magid Gadad,
Andrew W. Stark
Hardy M. Thomas
Divestitures: wealth transfers or real economic gains?
Full Paper
DP 07/02
George Bulkley &
Vivekanand Nawosah
Can the Cross-Sectional Variation in Expected Stock Returns Explain Momentum?
Full Paper
DP 07/01
Casu, B
Girardone, C
Does Competition Lead to Efficiency? The Case of EU Commercial Banks
Full Paper
2006 TITLES
DP 06/08
Garcia-Teruel, P.
Martinez-Solano, P.
Ownership Structure and Dept Maturity: New Evidence from Spain
Full Paper
DP 06/07
Nakata, H.
Informative advertising with spillover effects
Full Paper
DP 06/06
Girardone, C.
Nankervis, J.
Velenza, E-F.
Efficiency, Ownership and Financial Structure in European Banking: A Cross Country Comparison
Full Paper
DP 06/05
Kellard, N.
Nankervis, J.
Papadimitriou, F.
Predicting the UK Equity Premium with Dividend Ratios: An Out Of-Sample Recursive Residuals Graphics Approach
Full Paper
DP 06/04
Kellard, N.
Foreign Exchange, Fractional Cointegration and the Implied-Realized Volatility Relation
Full Paper
DP 06/03
Nakata, H.
Modelling Choice of Information Acquisition
Full Paper
DP 06/02
Coakley, J.
Hadass, L.
Wood, A.
UK IPOs underpricing and venture capitalists
Full Paper
DP 06/01
Coakley, J.
Hadass, L.
Wood, A.
Hot IPOs can damage your long term wealth
Full Paper
2005 TITLE
DP 05/02
Girardone, C.
Casu, B
Bank Competition, Concentration and Efficiency in the Single European Market
Full Paper
DP 05/01
Liu, X.
Brennan, M.
Xia, Y.
Option Pricing Kernels and the ICAPM
Full Paper
2004 TITLE
DP 04/16
Coakley, J.
Hadass, L.
Wood, A.
Post-IPO Operating Performance, Venture Capitalists and Market Timing
Full Paper
DP 04/15
Nakata, H.
A model of financial markets with endogenously correlated rational beliefs
Full Paper
DP 04/14
Nakata, H.
Communication, correlation of beliefs and asset price fluctuations
Full Paper
DP 04/13
Coakley, J.
Kougoulis, P.
Comovement and FTSE 100 Index Changes
Full Paper
DP 04/12
Coakley, J.
Fuertes, A.
Momentum and Reversal in US Valuation Ratios
Full Paper
DP 04/11
Gadad, A M.
Thomas, H.
Do Asset Sales lead to improvements in Operating Performance
Full Paper
DP 04/10
Gadad, A M.
Thomas, H.
Sources of Shareholders' Wealth Gains from Asset Sales
Full Paper
DP 04/09
Coakley, J.
Thomas, H.
Hot Markets, Momentum and Investor Sentiment in UK Acquistions
Full Paper
DP 04/08
Haven, E.
Composing Preferences to Mimic Non-Rigorous Decision Making. Forthcoming Theory and Decison Library Series B: Math and Statistical Library; Mark Machina and Guido Rossi eds, Kluwer (with D Alexander).
Full Paper
DP 04/07
Kellard, N.
Explaining the Bias in Foreign Exchange Markets: The Case of Traded Volatility and Fractional Cointegration (with N Sarantis). Paper to be presented at 8th International Conference on Macroeconomic Analysis and International Finance (2004).
Full Paper
DP 04/06
Liu, X.
Returns to Trading Portfolios of FTSE 100 index options
Full Paper
DP 04/05
Liu, X.
Closed-form Transformations from Risk-neutral to Real-world Distributions (with M Shackleton, S Taylor and X Xu)
Full Paper
DP 04/04
Ma, C.
Asset Pricing and Observational Equivalence in the Presence of Levy Jumps. Forthcoming Theory and Decison Library Series B: Math and Statistical Library; Mark Machina and Guido Rossi eds, Kluwer
Full Paper
DP 04/03
Coakley, J.
Fuertes, A.
Wood, A.
A new interpretation of the exchange rate-yield differential nexus. Forthcoming International Journal of Finance and Economics.
Full Paper
DP 04/02
Nankervis, J.
Bootstrapping the Box-Pierce Q test: A Robust of Uncorrlatedness. Forthcoming Journal of Econometrics (with J Horowitz, I Lobato and NE Savin).
Full Paper   Abstracts
DP 04/01
Girardone, C.
Productivity Change in Banking: A Comparison of Parametric and Non-Parametric Approaches. Forthcoming Journal of Banking and Finance (with P Molyneux and B Casu).
Full Paper