What is wrong with the chain ladder technique(?)

The title is both a statement and a question, and in the talk you will find a list of things that are wrong with the chain ladder technique but also a question asking whether it is so bad after all.

Updated: 09/02/2017
Comments: 10
Views: 24,867

Strategy process in the creative industries

Joseph Lampel, is Professor of Strategy at, and one of the "leading stars" of, Cass Business School. Senior Lecturer in Information and Knowledge Management. This is a video Q and A with Professor Joe Lampel conducted by Dr Ajay Bhalla. Both are Cass Experts. Included is the transcript and a summary of the key points.

Updated: 20/02/2012
Comments:
Views: 24,030

Roads to ruin: A study of major risk events

This major research report, produced by Cass for Airmic (the Association of Insurance and Risk Managers in Industry and Commerce) investigates the origins and impact of over twenty major corporate crises of the last decade.

The crises examined involved substantial, well known organisations such as Coca-Cola, Shell and BP, as well as some smaller firms. Several did not survive and most of the rest suffered severe damage.

Updated: 09/02/2017
Comments: 9
Views: 21,581

The economic challenges of an ageing UK population

Les Mayhew, Professor of Statistics at Cass, examines the significance of the impact of demographic changes.

Updated: 09/02/2017
Comments:
Views: 20,773

Accruals, disclosure and the pricing of future earnings in the European market

Author(s):

Ivana Raonic

 et al.
Topic:
Accounting
Industry:
Banking



The present study examines the role of disclosure in assisting market participants to form expectations of future earnings from the accrual (i.e., the non cash) content of reported earnings. Prior research has shown that, in general, disclosure is able to enhance future earnings information in current stock returns.

In this paper, it is shown that the role of disclosure in revealing relevant information on the prospects of the firm depends on the nature of the accruals appearing in the financial statements.

Updated: 14/02/2017
Comments:
Views: 20,293

Challenge and Opportunity - The impact of the RDR on the UK's market for financial advice

Author(s):

Andrew Clare

 et al.
Topic:
Finance

After a development period of six years, the implementation of the Retail Distribution Review (RDR) was completed on 31 December 2012. The implementation of RDR will usher in several important changes to the financial advice landscape. Cass Business School and BNY Mellon have collaborated on a study to examine the consequences of RDR on the adviser community; one of the first on this topic.

Updated: 22/07/2013
Comments:
Views: 19,568

Developing a risk rating methodology

This report provides the guidelines necessary for standardising the measurement of risk so that it can be applied to make meaningful comparisons between one fund and another.

Updated: 01/01/2015
Comments: 16
Views: 19,240

Arbitrage in the foreign exchange market: turning on the microscope

Author(s):

Lucio Sarno

Topic:
Finance
Industry:
Banking

If markets are efficient, then there are no exploitable arbitrage opportunities. But if no one engages in arbitrage, then what eliminates such exploitable opportunities? This column puts international financial markets under the microscope and shows that arbitrage opportunities exist, but they are usually eliminated in less than five minutes. Such micro-arbitrage makes the assumption of no arbitrage safe for those looking at the bigger picture.

Updated: 24/10/2011
Comments:
Views: 19,224

Anthropomorphic animal mascots in advertising - how do consumers respond?

This research investigates how consumers respond to anthropomorphic portrayals of animal mascots in marketing. This is the first study that empirically examines responses to anthropomorphic animal imagery, and provides insights into how and why people might respond more favourably to anthropomorphic portrayals of animals compared with non-anthropomorphic portrayals of animals.

Updated: 09/02/2017
Comments:
Views: 18,484