Ian Tonks

This paper examines the relationship between executive cash compensation and company performance for a sample of large UK companies, focusing in...

Various markets, particularly NASDAQ, have been under pressure from regulators and market participants to introduce call auctions for their opening...

This paper examines the performance of personal pensions (exempt unit trusts) in the UK 1980-2000. Unitised personal pension schemes are a type of...

This paper constructs a time series of annuity rates in the UK for 1957-2002, and examines the pricing of UK annuities, and the relationship between...

This paper examines the determinants of inside spreads and their behaviour around corporate earning announcement dates, for a sample of UK firms over...

This paper investigates the presence of abnormal returns through the use of trading strategies that exploit the predictability of short run stock...

This paper examines persistence over time in the performance of fund managers responsible for making the investment decisions of UK pension funds...

The paper compares the trading costs for institutional investors who are subject to liquidity shocks, of trading in auction and dealer markets. The...