We specialise in finance as a source of funding, financial stability and asset pricing. With respect to the source of funding, we undertake research on how Small Medium Enterprises (SMEs) obtain funding in their capital structure. We also look at the capital structure of zero leverage firms. These are very topical issues as SMEs drive the UK economy and many large, established Multinational Corporations choose to adopt a zero leverage investment policy.
Our research on financial stability looks at establishing new stock market liquidity measures that can approximate financial stability of companies and stock exchanges throughout the world. For example, we have established new liquidity price impact ratios that are used by the Central Banks to measure financial stability.
Finally, our research on asset pricing focuses upon developing new financial models to predict stock market returns. We are looking to establish how the behaviour of investors affects returns and we are trying to establish the first asset pricing model for cryptocurrencies. Both of these elements of asset pricing are innovative and potential ground breaking research. This area of study is of great importance to investment banks, hedge funds and financial regulators.