Ian Tonks
Xfi Centre for Finance and Investment,
University of Exeter Business School,
Ian Tonks is a Professor of Finance in the Xfi
Centre for Finance and Investment in
the University of Exeter Business School,
and his teaching and research interests are in the general area of financial
economics. Xfi, based at the University of Exeter, is a graduate teaching and research institute with
a commitment to be an internationally recognised centre for excellence in
financial market research. Resources for research and teaching in Xfi are
outstanding, having been made possible by a multi-million benefaction. As part
of its remit Xfi works closely with practitioners, in addressing the current concerns and future changes
in the global finance industry.
Ian Tonks teaches courses on portfolio management and financial instruments to postgraduate masters students. His recent research is in the areas of directors' trading, new issues, pension economics and empirical tests of market microstructure models. In particular he is investigating a) the financial returns to alternative pension scheme structures; b) time series behaviour of annuity prices; and c) opening and closing procedures on the London Stock Exchange
Ian Tonks is an associate member of the Centre for Market and Public
Organisation (CMPO), and is also a consultant to the Financial Markets Group at the London School
of Economics. He has previously taught at the London School of Economics and
the
More information about Ian Tonks' research and teaching interests and access to teaching materials may be found in the sub-directories listed below:
Teaching
The teaching directory contains course details including course outlines, reading lists, and some handouts and exercises
Research
The research directory includes abstracts of Ian Tonks' recently published research and working papers. In some cases the papers themselves may be downloaded as word 6 or scientific-word files
Data
The data directory includes data collected by Ian Tonks which may be accessed by students or interested academics, and also lists information about other datasets available electronically.
Academic Links
|
· Economics Departments, Institutes and Research Centers in the World · Economics Learning and Teaching Support Network |
· Journal of Finance Related Sites · JSTOR |
Cool Links
Recent Publications
·
“Alternative
Risk-based Levies in the Pension Protection Fund for Multi-employee Schemes”,
(with Weixi Liu) forthcoming 2009, Journal
of Pension Economics and Finance
·
Annuity
Markets (with Edmund Canon), Oxford University Press, October 2008, ISBN 978–0–19–921699–4
- “Opening and Closing the Market: Evidence from the London Stock Exchange”, (with Andrew Ellul and Hyun Shin) Journal of Financial and Quantitative Analysis, December 2005.
·
“Performance Persistence of Pension Fund Managers”, Journal of Business, November 2005, vol. 78, no. 6
- “UK Annuity Price Series 1957-2002” (with Edmund Cannon) Financial History Review Vol. II.2 (2004) 165-96
- “UK Annuity Rates and Pension Replacement Ratios 1957-2002” (with Edmund Cannon), The Geneva Papers, Vol. 29, no. 3, July 2004, 371-393
- “Trading Costs of Institutional Investors in Auction and Dealer Markets”, (with Andy Snell) Economic Journal, vol. 113, issue 489, July 2003, 576-597
- “Momentum in the UK Stock Market”, (with Mark Hon) Journal of Multinational Financial Management, Vol. 13, no. 1, February 2003, 43-70.
- “The Impact of FRS3 on Analysts Abilities to Forecast Earnings per Share” (with Daniella Acker and Jo Horton), Journal of Accounting and Public Policy, Vol. 21, no. 3, Autumn 2002, 193-218.
- “Bid-Ask Spreads around Earnings Announcements” (with Daniella Acker and Mathew Stalker), Journal of Business Finance and Accounting, Vol. 29, nos 9&10, November/December 2002, 1149-1180
- “Stock Price Patterns around the Trades of Corporate Insiders on the London Stock Exchange”, (with Sylvain Friederich, Alan Gregory and John Matatko) European Financial Management, Vol 8, no. 1, 2002.
- “Equity Performance of Segregated Pension Funds in the UK” (with Alison Thomas), Journal of Asset Management, April 2001, Vol. 1, no 4, 321-343.
- “Re-assessing the Long-Term Under-Performance of UK IPOs” (with Susanne Espenlaub and Alan Gregory) European Financial Management, September 2000.
- “Time Series Volatility of Commodity Futures Prices”, (with Jane Black) Journal of Futures Markets, , vol. 20, Issue 2, February 2000, pp.127-144