The notion of " Islamic finance " was born during the tumultuous identity-politics years of the mid-twentieth century. Indian, Pakistani, and Arab thinkers contemplated independence from Britain, and independence of Pakistan from India, within a context of " Islamic society. " Islam was assumed to inspire political, economic, and financial systems that are distinctive and independent of the Wes...

Edward Tsang has a first degree in Business Administration (Major in Finance) and a PhD in Computer Science. He has broad interest in applied artificial intelligence, in particularly computational finance, heuristic search, constraint satisfaction and scheduling. He is currently a professor in computer science at the University of Essex where he leads the Computational Finance Group and Constra...

Ethics has am'ved in the business school curriculum. But what about the cumculum offinance?Can ethics be integratedin anymeaningful wayinto the theory and pedagogy of finance? Given the ever-broader array of topics in finance, should ethics be included at the inevitable expense ofsomething else? Are finance instructors qualified to teach ethics any more than ethicists are qualified to teach fin...

This paper shows that access to finance is the crucial factor in explaining the link between the historical African slave trade and current GDP. We show: (1) The slave trade is strongly linked to current firm access to finance; (2) Among all the business obstacles a firm faces, the slave trade affects only access to finance; and (3) The slave trade erodes access to both formal credit and the tr...

^HE four voluntary hospitals of Sheffield?the Royal Hospital, Royal Infirmary, Jessop Hospital for Women and Children's Hospital have joined forces (with the Edgar Allen Institute in the combination) to form a Hospitals Contributing Scheme. The project does not greatly differ from other schemes elsewhere, but it seeks incidentally to make uniform all Sheffield systems of workmen's contributions...

This article is a primer on mortgage finance. It discusses the basics of the mortgage market and mortgage finance. In so doing, it provides useful information that can aid individuals in making better mortgage finance decisions. The discussion and the tools are presented within the context of mortgage finance; however, these same principles and tools can be applied to a wide range of financial ...

A growing community of long time horizon institutional investors that includes sovereign wealth funds, pension funds, and other beneficiary institutions located in cities outside of the major international financial centers (IFCs), is pushing back against the misaligned incentives and power asymmetries present in the for-profit asset management industry. This expanding group of beneficiary inst...

An introduction to behavioural finance.

war was largely responsible, the London County Council has approved the report presented on the Maudsley Mental Hospital, Denmark Hill. Dr. Henry Maudsley, who died in 1918, had ten years earlier presented the L C.C. with ?30,000 for a hospital within five miles of Charing Cross, designed for early, non-certified cases and for mental research. To carry out this scheme by the Council, the legal ...

This paper investigates basic issues in contracting and information acquisition for entrepreneurial finance. Specifically, we determine how the nature and quality of the information acquired by a financier, the equilibrium contracting terms, and the allocation of control rights are affected by the possibility of outside funding. We pose these questions in an environment where it is costly for a...