The challenges facing management in a rapidly changing business environment

Technology and societal changes are dramatically changig the business environment. This article argues the case for organisations to rely less on outdated hierarchical management practice, and embrace the need for adaptability and innovation.

Updated: 09/02/2017
Comments:
Views: 29,742

Monkeys vs Fund managers - An evaluation of alternative equity indices

Author(s):

Andrew Clare

 et al.

A research collaboration between Aon Hewitt and Cass Business School has shown that alternative weighted indices offer better investment strategies than those of the market capitalisation index. Indeed, a computer simulation of random stock-picking, likened to the decision making of a monkey, outperformed a traditional market capitalisation weighted index every time.

Updated: 09/02/2017
Comments:
Views: 60,842

Dynamic Debt Runs and Financial Fragility: Evidence from the 2007 ABCP Crisis

Author(s):

Enrique Schroth

 et al.
Topic:
Finance
Industry:
Banking

Debt runs played a central role in the financial crisis of 2007-2008, reigniting the debate about their causes and how they can be prevented. This research uses the 2007 asset-backed commercial paper (ABCP) crisis as a basis to study the determinants of debt runs.

This paper can may be of specific interest to financial institutions, as it has clear implications about the design of off-balance sheet investments, the degree of maturity mismatch between debt and assets, the strength of the credit guarantees and, most importantly, exactly how much leverage is unsafe. This discussion is timely, given the efforts by the Vickers report and the Liikanen report to address the problems of shadow banking.

Updated: 08/02/2017
Comments:
Views: 7,040

A fairer approach to means testing for social care funding in England

Author(s):

Les Mayhew

Industry:
Public Policy

The government's complex method of means testing for social care should be replaced by a fairer and simplified approach, according to a new study from Cass Business School.

Updated: 04/01/2017
Comments:
Views: 1,117

Does the tone of central bank announcements have an effect on asset prices?

Author(s):

Maik Schmeling

 et al.
Topic:
Finance
Industry:
Banking

Joint research from Cass Business School and the Copenhagen Business School has found that the toneof central bank communications has a significant effect on prices in equity, fixed income and option markets.

Updated: 28/11/2016
Comments:
Views: 1,169

What makes a company an attractive M&A target?

Author(s):

Scott Moeller

 et al.
Topic:
Finance
Industry:
Any Industry

A study by Intralinks, the global technology provider, and Cass Business School found six vital indicators to be aware of to make a company attractive to buyers.

Updated: 28/11/2016
Comments:
Views: 2,486

69 is the new 27 - why rock stars have a new milestone to fear

Author(s):

Les Mayhew

A rock and roll lifestyle has traditionally been perceived as having a 27 year cut-off point, but recent research shows that it's their late 60s that rock stars really need to worry about.

Updated: 25/11/2016
Comments:
Views: 1,526

When in Rome.....tailoring CEO power for markets where individual power is respected

Author(s):

Ryan Krause

 et al.

New research looks at the role the customer in non-domestic markets plays in influencing company strategy, particularly relating to CEO power. It challenges traditional views of corporate governance influence.

Updated: 10/11/2016
Comments:
Views: 1,919

Measuring the success of the recent wave of UK acquisitions by listed Chinese companies

Author(s):

Scott Moeller

 et al.
Topic:
Finance
Industry:
Any Industry

Listed Chinese companies have been increasingly active in acquiring UK businesses in recent years. New research from Cass Business School assesses how successful these acquisitions have been in creating shareholder value.

Updated: 07/11/2016
Comments:
Views: 1,635