This paper deals with pension fund investment in urban infrastructure projects . It is suggested that the potential returns (and risks) with such projects are significantly greater than comparable fixed-income products though they have long gestation periods like gilt-edged securities. Our...

The purpose of this study is to examine dynamic interactions and long-term equilibrium relationships between banking stock returns and key monetary variables in a period of relative economic stability, post financial deregulation in Australia. The importance of the study lies in its...

This study investigates whether managerial share ownership serves to enhance or detract from firm performance in listed companies in Thailand. The convergence-of-interest hypothesis asserts that firm value increases as management ownership rises. On the other hand, when managers own a...

In Eurobanking, the London Interbank Offered Rate is often assumed to be the reference rate for Eurocurrency loan transactions. A debate continues as to whether or not dominance by London is evident through the movements in interbank offered rates and whether any adverse shocks experienced there...

Where there was a settled political geography of state power and responsibilities, the remarkable growth of global finance has put enormous pressure on national economic, political and social institutions. Furthermore, the looming crisis facing many continental European social security systems...

If its prospects were doubted in the early 1990s, London is now the pre-eminent international financial centre. It dominates its European rivals and is joined with New York and Tokyo in a non-stop reciprocal global embrace. Whereas some analysts approach this topic concentrating on the nature...

Scandals of corporate governance in the United States and Europe in the aftermath of the TMT bubble captured the public imagination. In play were the interests of senior executives in relation to investors, prompting debate over countries' standards of corporate governance in the global market...

European integration has prompted great interest in the adjustment capacities of small and medium enterprises in regions characterized by high levels of unemployment and lower-than-average incomes. At issue, in these circumstances, is the extent to which economic competitiveness can be enhanced...

The objective of this article is to reconceptualize understanding of the economic and spatial processes of corporate restructuring and market exit. We ask what economic logic explains plant closure and firms’ exit from industries, and develop a comprehensive perspective on the nature of the...

The relationship between labor and capital is one of mutual antagonism and interdependence. Conflict occurs between labor and capital over control of the production process and conditions of employment. However, both classes need one another in order to produce and sustain a livelihood. Spatial...