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Accounting Finance and Economics

Where numbers matter

More than just numbers

 The modern world is driven by trade in global financial markets, stocks and shares, and is profoundly affected by the forces of economic meltdown, recovery and the need to keep account. With a staggering 2.2 million people working across the UK in the Financial and professional services combined, there has never been a better time to study Accounting, Finance or Economics.

Why should you #ChooseUEL?

People come from all over the world to study at UEL, attracted by everything from our location in one of the world's greatest cities, to the fantastic opportunities our courses create.

Jessica Clay, who studied BA Accounting and Finance, explains why she decided to #ChooseUEL.

Why Us?

  • We have a dedicated Bloomberg Room at our USS campus. On our undergraduate and postgraduate Economics and Finance courses you’ll be trained to use the same tools as professional City traders on the Bloomberg trading platform, which will assist you in developing practical skills and improving your employability.
  • You’ll be taught by research-active staff who bring their insights into the lecture theatre and seminar room to inform, stimulate and inspire. Our lectures feature eminent guest speakers, are interactive and follow an interdisciplinary approach; they’re not just economics, maths and statistics, but they expand to the fields of political economy, international relations and history.
  • Many of our courses provide an essential step towards the professional accreditation you need to make a mark in your chosen field. We help you to convince employers that you have what it takes to make a positive difference.
  • You’ll learn and be assessed in ways that mirror the real world, through presentations, pitches and assignments in addition to the more traditional lectures and seminars. All our classes are taught by lecturers and tutors with strong academic credentials as well as significant commercial experience with world-leading companies such as PwC, Prudential and Standard and Poor’s.




“Studying at UEL has been a great experience for many reasons. What is great is that I can study my masters without it affecting work and other routines. We also have access to the Bloomberg room which helps us to find and analyse all sorts of data related to Finance and Econometrics subjects. Everyone at UEL, especially teachers are very friendly. I would encourage everyone to apply to UEL.”
Mehmood Jamshed Current MSc International Accounting and Finance student
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What we’re researching

The world of finance, banking and economics has undergone a seismic shift in recent years. As global economies nose-dived into recession and major political events unfolded in the wake of international economic crises, it became obvious that the financial world affects us all in many ways.

Our teams are researching many of the issues that are headline news, looking at problems that affect millions of live to challenge prevailing wisdom, offer new ways of thinking and make a positive impact on society. This means you’ll be taught by people who are passionate about passing on the latest knowledge to students and broadening their minds.

More detail on our specific research focuses can be found below.

Research themes

    This research strand explores one of the most topical topics in accounting, namely how corporate managers would exercise their discretion over accounting practices and estimation to mislead other stakeholders who rely on financial reports to make decisions. Research in this theme ranges from developing new models to detect earnings management, exploring the impact of earnings management on decision-makers and the determinants of earnings management.

    Examples of active projects which are currently undertaken at UEL includes empirical studies on the impact of overvaluation on the stock market on earnings management, using the profile of CEOs to detect earnings management, choices of earnings management tools following share-financed mergers and acquisitions.
    Disclosure among SMEs is not mandatory but rather voluntary. Therefore, if SMES choose to disclose financial information, the level of disclosure is principally within the jurisdiction of entrepreneurs to determine the extent of disclosure. The existing literature suggests that there is a correlation between disclosure and financial performance which is why research in corporate disclosure of SMEs explores one of the most topical concepts in accounting, namely how SME entrepreneurs would exercise their discretion over corporate disclosure and financial reporting practices to influence financial performance. 

    Research on this theme at the Accounting, Finance and Economics Subject Group at UEL arrays from developing a mandate to provide researched solutions on the phenomenal concept of corporate disclosure and how it is a reliable tool to enhance SME performance.

    Regulators and users of corporate financial reports all over the world have had an increased concern on the usefulness of corporate disclosure. On the one hand, the concern had led to increased guidance and principles on presentation and disclosure in corporate annual reports. On the other hand, increased regulatory guidance had led to concern on clusters in corporate annual reports. This research theme examines the extent of corporate compliance with mandatory disclosure requirements, the determinants of mandatory and voluntary disclosure, and the economic consequences of mandatory disclosure.

    Current projects in this area include studies on the effect of managerial discretion on the extent and timeliness of corporate disclosure, institutional determinants of mandatory disclosure, intra-industry variation in mandatory disclosure, corporate segmental disclosure practices, corporate giving and philanthropic disclosure, and effects of disclosure on trading volumes, bid-ask spread and cost of capital.

    The need to stimulate and manage economic growth is a global topic of utmost importance for all economies. The existence of a well-functioning banking sector is crucial, not only for the development of the financial sector, but also for the stability of financial systems and the improvement of overall economic growth. The banking industry plays a vital role of financial intermediation by providing funds to private and public investment projects and by financing government deficits.

    Members of the Accounting, Finance and Economics Subject Group at UEL are undertaking many research projects into the most topical issues in banking, including the determinants of banks’ profitability, the relationship between market structure and financial performance of banks, the competitiveness conditions in the banking sector, and measuring the efficiency and productivity of banks.
    Good corporate governance is a fundamental part of well-functioning capital markets as it strengthens the protection of investors’ rights and increases management’s accountability to a wider audience. Research in this area examines the effectiveness of governance arrangements, what constitutes good governance structure, how different components and characteristics of corporate governance influence companies’ decision making and performance, and compliance with governance regulations. 

    Members of the Accounting, Finance and Economics Subject Group at UEL have published in a variety of journals and topics. Current projects include studies on the effect of certain corporate governance characteristics on firm performance, financing and financing costs, the interplay between governance, ownership, and executive pay, and the effect of governance characteristics on disclosure.

    Accounting and Finance

    Researchers in the Economics Research Group and STAMP (Centre for the Study of States, Markets & People) are carrying out research projects spanning across a range of the most topical issues in the fields of political economy, financial economics, macro-economic history and development economics. The subject area and STAMP edit the refereed periodical Journal of Balkan and Near Eastern Studies (Routledge, 6 issues a year since 1998). Research areas (clusters) include: Political economy of Europe and the Balkans; globalisation and financialization in developing/peripheral economies; the rise of consumer debt in the UK and the political economy of de-globalisation; banking, international finance, financial crises and their intensification.

    This research cluster operates through the economics subject area and STAMP and a PhD project by Oluwaseun Alele.

    Current projects in this area include:
    • The rise of consumer debt in the UK since the collapse of the Bretton Woods system
    • Study of OECD, WTO and EC reports on trade contraction
    • The new wave of protectionism
    • Linkages between the rise of protectionism and right-wing authoritarianism in Europe and the USA
    • Donald Trump’s de-globalisation agenda and “America First” policy
    The banking sector is crucial for the stability of financial services. But crises occur and need to be studied. Members of the Economics Subject Group have developed synergies with their colleagues working on Accounting and Finance, especially in the field of banking and the expanding subject area of financialisation.

    Current projects in this research cluster include:
    • Financial liberalisation and trade liberalisation in developing countries (Dr. Jassodra Maharaj)
    • Foreign Direct Investment especially within emerging economies (Dr. Jassodra Maharaj)
    • International balance sheet linkages (Dr. Carmela D’ Avino)
    • Net interoffice accounts of global banks (Dr. Carmela D’ Avino)
    • Pro-cyclical banking leverage in France (Dr. Carmela D’ Avino)
    • Financial intermediation and the US banking system (Dr. Carmela D’ Avino)
    • Banking regulation, shadow banking and financialisation (Dr. Mimoza Shabani)
    • The asset price mechanism and applied econometrics
    • Post-Keynesian/heterodox economics (Dr. Mimoza Shambani, Dr. Shampa Roy-Mukherjee and Prof Vassilis K. Fouskas)

    This research theme operates through the economics subject area and STAMP’s research cluster on “African Political Economy” and includes early career researchers (ECRs) and PhD students, the lead researcher being Dr. Ejike Udeogu.

    Current projects in the area include:
    • Financialisation, capital accumulation and economic development: a theoretical and empirical investigation of the Nigerian economy (Dr. Udeogu)
    • Taming financial capital: the role and limitations of Basel capital regulation in Pakistan (Mr Shazaib Butt)
    • Impact of globalisation on poverty reduction in Ghana (Mr Francis Frimpong)
    • The role of Islamic banking in overcoming the 1997 crisis in Thailand (Ms Aini Sahar)
    • The political economy of the Arab uprisings (Dr. Shampa Roy-Mukherjee)

    This research strand explores one of the most topical themes in the politics and economics of European integration and enlargement, namely how the ordoliberal policy of Germany has been transplanted across the EU-Euro-zone and its affiliated states in the Western Balkans. Research in this theme ranges from exploration of the history of ordoliberalism in inter-war Germany to the 1980s; the impact on Constitutions; and the advancement of supra-national, rule-based Treaties replacing national Constitutions. In this context, members of this research strand discuss the implications of Brexit upon the future of the EU/Euro-zone and globalization, and vice versa. A PhD student from STAMP is actively participating in this cluster

    Current projects in this area include:
    • Austerity and growth in Europe and the Balkans
    • Can ordoliberalism tame the EU’s economic, debt and banking crises?
    • New authoritarianism and neo-liberalism in the EU
    • Ordoliberalism and the EU’s eastward enlargement
    • The Constitution ordoliberalism: rule-based technocracy?
    • Austerity in Greece and the Greek debt crisis
    • Brexit and “de-globalization/de-Europeanization”
    • The role of the banking sector in the non-EU Western Balkans
    • Alternative routes to borrowing and solving debt crises
    • Bio-politics and the fragmentation of the social

    The researchers actively engaged in this thematic area are Dr Shampa Roy-Mukherjee, Dr. Carmela D’Avino, Dr. Mimosa Shambani, Ms Vishnu Priya Kolyot and Professor Vassilis K. Fouskas

    Economics

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