https://www.um.edu.mt/library/oar/handle/123456789/74077 Thu, 16 Jul 2026 13:31:55 GMT 2026-07-16T13:31:55Z https://www.um.edu.mt/library/oar/handle/123456789/74596 Title: Spatial differentiation of urban property prices as a repercussion in the aftermath of a civil disorder incident : the 2011 London case Authors: Kourtis, Eleftherios; Curtis, Panayiotis; Kourtis, Michael Abstract: Purpose: The purpose of the paper is to explore possible consequences on property prices in areas of London, ensuing the civil unrest of 2011. Design/Methodology/Approach: We studied the repercussion of the civil unrest on real estate prices through the application a difference in differences method of analysis. The case of London was chosen due to its well-developed property market and the availability of adequate, high quality and detailed data needed for this purpose. Findings: It was found that up to one year period after the end of the unrest, the effect seems to be statistically insignificant. The findings further suggest, that during the second and third year from the end of the turmoil, the civil unrest led to an approximately 5% decline in property prices in the affected areas of London. Practical Implications: This research study is an attempt to quantify the impact of London 2011 riots on property prices. The duration of the effect reflecting people’s perception regarding the risk associated with investing in these areas has not been determined. Riots combine the economic and the social impact. Originality/Value: Policy makers can better understand and estimate the repercussions of how urban economies interact with population and absorb localized ephemeral events. In that sense, it can be a vital aid in the hands of the administration in its duties to shape a more balanced and harmonic urban environment. Every shock though has its own distinct characteristics and doesn‘t affect the spatial dynamics in a uniform fashion across time. Wed, 01 Jan 2020 00:00:00 GMT https://www.um.edu.mt/library/oar/handle/123456789/74596 2020-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/74595 Title: The importance of internal and external factors in defining the profitability of UK insurance companies Authors: Saleh, Hany A.; Derbali, Abdelkader Abstract: Purpose: The purpose of this paper is to examine empirically the influence of internal and external factors on the performance of UK insurance enterprises. Design/Methodology/Approach: To do so, we use a sample composed of 20 insurance enterprises during the period from 2000 to 2018. We employ the panel data estimation to capture the impact of internal and external factors on the performance of UK insurance enterprises. We use two measures of performance such as, ROA and ROE. Findings: Our results show that the size of firm, liquidity, GDP, CPI and WTI have a positive and significant effect on the performance of UK insurance enterprises. But, we find that leverage, asset turnover and interest rate present negative and considerable impact on the profitability of UK insurance enterprises. Practical Implications: The findings of our paper can be considered as a beneficial for insurance enterprises, directors, representatives, and shareholders in making decision and improving the profitability of their organizations. Originality/value: The significant extension of our study is the using of a panel data to examine the effect of internal and external factors on the performance of UK insurance enterprises by employing two measures of performance such as ROA and ROE. Wed, 01 Jan 2020 00:00:00 GMT https://www.um.edu.mt/library/oar/handle/123456789/74595 2020-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/74594 Title: An overview of takeover defenses and the characteristics of the economy Authors: Tachmatzidi, Isidora Abstract: Purpose: The present paper offers an overview of takeover defenses and an analysis of the way in which economic structures and characteristics may influence the presence of takeovers and takeover defenses. Design/Methodology/Approach: A brief definition of takeovers and takeover defenses is presented, followed by a thorough analysis of the different types of takeover defenses, frustrating and defensive actions. Then, there is an analysis of the economic structures and characteristics that may influence the employment of takeovers and defenses as well as their in-between interaction. Findings: In economies which have dispersed ownership structures, contestability and higher investment strategies more hostile takeovers tend to occur and consequently, takeover defenses, whereas economies in which ownership is more concentrated takeovers are not employed frequently. Practical Implications: The present article aims to offer a clarification on the interaction between takeover defenses and characteristics of the economy. Also, the analysis indicates the importance of the regulatory framework regarding these issues, taking into consideration the differences in the structure of the economies. Originality/Value: It provides the framework to develop potential regulation and policies regarding takeovers and takeover defenses in order to promote EU harmonization and global cooperation. Wed, 01 Jan 2020 00:00:00 GMT https://www.um.edu.mt/library/oar/handle/123456789/74594 2020-01-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/74593 Title: Minding the store : structured finance and risk governance of ‘third sector’ organisations Authors: Duke, Ben Abstract: Purpose: This conceptual theoretical review aims to inform readers of the benefits and pitfalls of structured finance, when applied to “Third Sector” organisations. Design/Methodology/Approach: A literature review of existing studies and grey literature are considered in a critical evaluation of the risk governance of structured finance arrangements. Voluntary sector observers inform us, the ‘Third Sector’ comprises of ‘…nonprofits, charities, social enterprises, social movements, and other community-based. Clearly civil society organisation (CSOs), non-governmental organisations (NGOs) and supranational organisations should also be added to the list. Findings: ‘Quality control’ and ‘Social implications’ issues surrounding the effect of structured finance agreements on ‘Third Sector’ organisations are revealed. Practical Implications: This conceptual theoretical review details the ‘Practical implications of Third Sector organisation risk governance’ with structured finance. The breadth, depth and remit of these agencies, demonstrates the societal need for risk governance for all such third sector organisations. The paper explains why those needs may differ for larger, more corporate ‘Third Sector’ organisations. Originality/Value: It has become increasingly clear that structured finance arrangements, have the ability to influence the ethos, focus and legitimacy of ‘Third Sector’ organisations. Analysis of issues to consider, when implementing risk governance strategy regarding structured finance agreements has become critical. Wed, 01 Jan 2020 00:00:00 GMT https://www.um.edu.mt/library/oar/handle/123456789/74593 2020-01-01T00:00:00Z