This thesis investigates the continuing significance of the internal labour market construct for shaping human resource management practices in an international investment banking organisation. By adopting a historical perspective this study departs from existing literature and presents new explanations for understanding internal labour market theory in the investment banking industry. It also adds to existing scholarship on labour markets by considering more human resources indicators than have been previously used to differentiate labour market types. A range of approaches have been adopted. The BZW/ ABN AMRO case study has been investigated using both qualitative and quantitative methods and longitudinal and cross-sectional data. The theoretical framework elaborated has two dimensions. The first involves a model which highlights the importance of the organisational historical context for analysing the origins and functions of internal labour markets. It draws attention to certain recurring interrelated features that ultimately result in the adoption of internalised market arrangements. This aspect of the model also highlights the importance of emerging patterns in internal labour market structures that become evident over time. The second part of the framework involves a typology that establishes the existence of three different labour market types. The study revealed that a historical perspective is extremely valuable for understanding the origins and functions of internal labour markets, and for identifying two internal labour market types, the firm and occupational internal labour market types and also the occupational labour market type or external labour market. It was concluded that despite the claim made by various scholars that internal labour market arrangements are in decline, the dramatic changes experienced by the investment banking industry have proven that these arrangements are very resilient.

Previous research finds some evidence that analysts affiliated with equity underwriters issue more optimistic earnings growth forecasts and optimistic recommendations of client stock than unaffiliated analysts. Unfortunately, these studies are unable to discriminate between three competing hypotheses for the apparent optimism. Under the bribery hypothesis, underwriting clients, with the promise of underwriting fees, coax analysts to compromise their objectivity. The execution-related conflict of hypothesis postulates that the investment banks employing analysts who are more bullish on a particular stock are better able to execute the deal, and so the banks pressure their analysts to be bullish in order to enhance their execution ability. Finally, the selection bias hypothesis postulates that analysts are objective, but because of the enhanced execution ability, banks with more optimistic analysts are more likely to get selected as underwriters. We test these hypotheses in a previously unexplored setting, namely M&A activities. Depending on whether an analyst is affiliated with the target or the acquirer and whether the analyst report is about the target or the acquirer, the hypotheses predict analyst optimism in some cases and pessimism in other. Therefore, examining the issue of analyst bias in the M&A context allows us to shed some light on alternative explanations for the impact of analyst affiliation on the properties of analyst forecasts and recommendations.

Thesis (M. Phil.)--University of Hong Kong, 2006. / Title proper from title frame. Also available in printed format.

Thesis (Ph.D.)--Hong Kong University of Science and Technology, 2003. / Includes bibliographical references. Also available in electronic version. Access restricted to campus users.

Thesis (Ph.D)--Management, Georgia Institute of Technology, 2009. / Committee Chair: Eun, Cheol; Committee Member: Clarke, Jonathan; Committee Member: Jayaraman, Narayanan; Committee Member: Lee, Jeongsik; Committee Member: Li, Haizheng. Part of the SMARTech Electronic Thesis and Dissertation Collection.

The study examines the investment appraisal practices in the Namibian banking industry. It focuses on how the banks perform an investment appraisal, subsequent follow- up and measurement of project failure or success. The results reflect that both centralized and decentralized project decision making are practiced in the industry. Banking institutions have a tendency to use a single investment appraisal technique, mostly a discounted cash flow (DCF) model. They apply uniform appraisal techniques throughout the project life cycle. It was noted that firms apply a constant cost of capital across time and projects. The average cost of funds is found to be the main determiner of the companies' cost of capital. The firms pay attention to project risks and use financial measures to determine the project's success or failure. The alignment of the appraisal techniques used with the overall organization objectives was considered to be crucial in the banking industry. The paper was concluded on the note that the use of traditional investment appraisal techniques is far from over.s the investment appraisal practices in the Namibian banking. / Thesis (MBA)-University of KwaZulu-Natal, 2006.

Thesis (Ph. D.)--University of Wisconsin, 1967. / Typescript. Vita. eContent provider-neutral record in process. Description based on print version record. Includes bibliographical references.

Zugl.: Köln, Universiẗat, Diss., 2003.

The Canadian money market dates back to 1935 when Government of Canada treasury bills were first sold and the main impetus to its present status came with the introduction of day-to-day loans in 1954. Until 1954, the money market was used principally by the chartered banks and the Federal Government, and the main functions were to provide the former with liquid assets and the latter with a relatively inexpensive method of financing its activities. In the last decade many other institutions have started to participate in the market. On the borrowing side, provincial and municipal governments, and financial institutions including trust companies, finance companies, investment dealers and commercial banks have joined the Federal Government, and finally in 1958 non-financial corporations began to issue substantial sums of short-term notes. On the lending side are financial institutions wishing to keep a certain portion of their funds liquid and non-financial corporations with temporary excess cash. The last of these borrowers and lenders mentioned, the non-financial corporation, is the concern of this thesis which examines potentiality and use of securities with maturity from one day to three years. To appreciate the potentiality of the money market, the bond market, of which it is part, is first described and pertinent characteristics of bonds in general are discussed. The specific instruments pertaining to the money market are the following: Government of Canada treasury bills and short term bonds; short term provincial and municipal issues; finance company paper; chartered bank deposit receipts, U.S. swaps and acceptances; trust company guaranteed investment certificates; investment dealer loans and buy backs; and international instruments including letters of credit and Euro-dollars. The potentiality of the money market for the non-financial corporation is further enhanced when such activity is integrated with the cash flow of the company. The cash flow itself is affected by peculiarities of the industry such as seasonal peaks and troughs, and by factors related to individual firms, such as capital structure. From published statistical data and 298 responses to the questionnaires circulated by the author, the most pertinent findings were the predominance of Federal Government, bank, and trust company paper, the small difference in yields between different qualities of paper, and that rather than formalized rules for money market activity, corporate dealings were influenced mainly by intangible factors including attitudes of the treasurer regarding safety and yields of the instruments, bargaining between buyers and sellers, limitations imposed by boards of directors and banker relationships. While the factors mentioned above must continue to affect money market decisions a formalized approach is recommended and discussed. This approach can be geared to the limitations established by the intangible factors and industry and firm peculiarities, and it objectively examines the remaining alternatives. / Business, Sauder School of / Graduate

by Hui Leung Wah, Herbert, So Kam Chee. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1988. / Includes bibliographical references (leaves 84-85).