The post-2007 global financial crisis, characterised by huge firm losses, especially in the USA and Europe, initiated a new strand of literature, where default models are adjusted for unobserved risk factors, including measurement errors, missing firm specific and macroeconomic variables. These new models assume that default correlations are not only driven by observable firm-specific and macroeconomic factors, but also by unobserved risk factors. This thesis present three empirical essays. The first essay estimates and predicts the within-sector failure rate and dependence of firms on the London Stock Exchange. The study offers an additive lognormal frailty model that accounts for both unobserved factors and regime changes. The analysis reveals that during distressed market periods the sector-based failure rates and dependencies tend to be high. The second essay proposes a novel approach based on a bias-corrected estimator to investigate the impact of informative firm censoring and unobserved factors on hazard rates of US firms. The approach uses inverse probability of censoring weighted scheme that explicitly accounts for firm specific factors, economic cycles, industry-level dependence and market activities induced by unobservable factors. The analysis shows that during distressed market periods the effect of informative censoring averagely increases the hazards rates, and varies across industries. The third essay employs a mixed effects Cox model to estimate the failure dependence caused by firms’ exposure to country-based and group-level unobserved factors within the Eurozone. The empirical results show that a higher failure dependence among firms in groups of countries with similar economic and financial conditions than countries with different conditions. Overall, the thesis contributes to the empirical literature on firm default in the broad area of corporate finance by offering a different approach of capturing default dependence and its variations during unfavourable market conditions and adjusting for the effects of non-default firm exit on active firms.

M. Tech. (Department of Information and Communications Technology, Faculty of Applied and Computer Sciences), Vaal University of Technology. / Global companies tend to have problems in knowing the systems, assets and resources they have within their global footprint. This tends to be costly to the company as there tends to be purchases of the same systems, assets and resources that are already available in another business unit or department within the company. This leads to money being wasted on research, procurement and/or training, to name a few. You can't manage what you don't know about. This thesis will show how the visualisation of corporate data is possible and has sustainable benefit to a company. Knowing the status of the Information and Communications Technology (ICT) environment in a company at some point in time is crucial in planning and implementing strategies with the future in mind. Global View, which will be explained in this thesis, is key in facilitating the extracting of information from all the sites globally and presenting the information in a logical and structured way. Information gathering from these sites using Global View needs to be done in an auditing fashion with the focus on accurate and precise information with an option which would allow the audit to be a continuous and automatic process. Global View is a tool to facilitate the implementation of ICT Industrialization through a process of gathering the relevant ICT information worldwide with specific reference to each site. Global View displays the relevant information from systems, assets, resources and environments in an easily accessible format. The functionality that is built into the concept in this thesis is the geographical and geospatial orientation which is linked to the relevant sites as well as time references related to Greenwich Mean Time to make users aware of differences in time when communicating with people in other countries either individually or multiple sites simultaneously.

Master Thesis deals with the problem of employee satisfaction at Copy General. I am presenting here a new version of questionnaire created by optimizing the original version, which were designed according to circumstances and desired outcomes. I also analyze actual situation of employee satisfaction. In Thesis I am presenting solutions based on the outputs from research and conversations with managers.