Details about Ian Tonks

Access statistics for papers by Ian Tonks.

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Short-id: pto98

Working Papers

2010

1. Decentralized Investment Management: Evidence from the Pension Fund Industry
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in MPRA Paper, University Library of Munich, Germany (2010)
2. Executive Pay and Performance in the UK
   FMG Discussion Papers, Financial Markets Group
3. Why does mutual fund performance not persist? The impact and interaction of fund flows and manager changes
   MPRA Paper, University Library of Munich, Germany

2009

4. The Value and Risk of Defined Contribution Pension Schemes: International Evidence
   Bristol Economics Discussion Papers, Department of Economics, University of Bristol, UK
   See also Journal Article in Journal of Risk & Insurance (2013)

2007

5. Return Persistence and Fund Flows in the Worst Performing Mutual Funds
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2005

6. Executive Pay and Performance in the UK 1994-2002
   The Centre for Market and Public Organisation, Department of Economics, University of Bristol, UK

2004

7. (UBS Pensions series 22) Performance of Personal Pension Schemes in the UK
   FMG Discussion Papers, Financial Markets Group
8. Opening and Closing the Market: Evidence from the London Stock Exchange
   FMG Discussion Papers, Financial Markets Group View citations (4)
   See also Journal Article in Journal of Financial and Quantitative Analysis (2005)
9. Trading Costs of Institutional Investors in Auction and Dealer Markets
   ESE Discussion Papers, Edinburgh School of Economics, University of Edinburgh
10. UK Annuity Rates And Pension Replacement Ratios 1957-2002
    Royal Economic Society Annual Conference 2004, Royal Economic Society View citations (1)

2003

11. (UBS Pensions series 8) UK Annuity Rates and Pension Replacement Ratios 1957 - 2002
    FMG Discussion Papers, Financial Markets Group

2002

12. (UBS Pensions Series 1) Performance Persistence of Pension Fund Managers
    FMG Discussion Papers, Financial Markets Group
13. Annuity Prices, Money's Worth and Replacement Ratios: UK experience 1972 - 2002
    The Centre for Market and Public Organisation, Department of Economics, University of Bristol, UK View citations (1)
14. Daily Closing Inside Spreads and Trading Volumes around Earnings Announcements
    FMG Discussion Papers, Financial Markets Group View citations (1)
    See also Journal Article in Journal of Business Finance & Accounting (2002)
15. Mommentum in the UK Stock Market
    FMG Discussion Papers, Financial Markets Group
    See also Journal Article in Journal of Multinational Financial Management (2003)
16. Performance Persistence of Pension Fund Managers
    Royal Economic Society Annual Conference 2002, Royal Economic Society View citations (4)
    See also Journal Article in The Journal of Business (2005)
17. The Behaviour of UK Annuity Prices from 1972 to the Present
    CeRP Working Papers, Center for Research on Pensions and Welfare Policies, Turin (Italy) View citations (1)

2000

18. The Profitability of Block Trades Auction and Dealer Markets
    FMG Discussion Papers, Financial Markets Group

1999

19. Stock Price Around the Trades of Corporate Insider on the London Stock Exchange
    FMG Discussion Papers, Financial Markets Group View citations (1)
20. Time Series Volatility Commodity Futures Prices
    FMG Discussion Papers, Financial Markets Group View citations (3)

1998

21. The Profitability of Block Trades in Auction and Dealer Markets
    ESE Discussion Papers, Edinburgh School of Economics, University of Edinburgh

1996

22. Excessive Dispersion of US Stock Prices: A Regression Test of Cross-Sectional Volatility
    FMG Discussion Papers, Financial Markets Group
23. The Equivalence of Screen Based Continuous-Auction and Dealer Markets
    FMG Special Papers, Financial Markets Group
24. Utilising Time Series Methods to Assess Information and Inventory Effects in a Dealer Market in Illiquid Stocks
    FMG Discussion Papers, Financial Markets Group

1993

25. UK Directors Trading: The Impact of Dealings in Smaller Firms
    FMG Discussion Papers, Financial Markets Group View citations (13)
    See also Journal Article in Economic Journal (1994)

1981

26. Bayesian Learning and the Optimal Investment Decision of the Firm
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    See also Journal Article in Economic Journal (1983)

Journal Articles

2013

1. Pension Funding Constraints and Corporate Expenditures
   Oxford Bulletin of Economics and Statistics, 2013, 75, (2), 235-258
2. The Value and Risk of Defined Contribution Pension Schemes: International Evidence
   Journal of Risk & Insurance, 2013, 80, (1), 95-119
   See also Working Paper (2009)

2012

3. Executive Pay and Performance: Did Bankers’ Bonuses Cause the Crisis?
   International Review of Finance, 2012, 12, (1), 89-122

2010

4. "Discussion of" To Trade or Not To Trade: The Strategic Trading of Insiders around News Announcements
   Journal of Business Finance & Accounting, 2010, 37, (3-4), 408-421

2009

5. Alternative risk-based levies in the pension protection fund for multi-employee schemes
   Journal of Pension Economics and Finance, 2009, 8, (04), 451-483

2005

6. Opening and Closing the Market: Evidence from the London Stock Exchange
   Journal of Financial and Quantitative Analysis, 2005, 40, (04), 779-801 View citations (8)
   See also Working Paper (2004)
7. Performance Persistence of Pension-Fund Managers
   The Journal of Business, 2005, 78, (5), 1917-1942 View citations (8)
   See also Working Paper (2002)

2004

8. U.K. Annuity Rates, Money's Worth and Pension Replacement Ratios 1957-2002
   The Geneva Papers on Risk and Insurance, 2004, 29, (3), 371-393 View citations (1)
   Also in The Geneva Papers on Risk and Insurance - Issues and Practice, 2004, 29, (3), 371-393 (2004)
9. UK annuity price series, 1957 2002
   Financial History Review, 2004, 11, (02), 165-196 View citations (2)

2003

10. A theoretical analysis of institutional investors' trading costs in auction and dealer markets
    Economic Journal, 2003, 113, (489), 576-597 View citations (2)
11. Momentum in the UK stock market
    Journal of Multinational Financial Management, 2003, 13, (1), 43-70 View citations (10)
    See also Working Paper (2002)

2002

12. Accounting standards and analysts' forecasts: the impact of FRS3 on analysts' ability to forecast EPS
    Journal of Accounting and Public Policy, 2002, 21, (3), 193-217 View citations (2)
13. Daily Closing Inside Spreads and Trading Volumes Around Earnings Announcements
    Journal of Business Finance & Accounting, 2002, 29, (9&10), 1149-1179
    See also Working Paper (2002)
14. Short-run Returns around the Trades of Corporate Insiders on the London Stock Exchange
    European Financial Management, 2002, 8, (1), 7-30 View citations (28)

2000

15. Re‐assessing the long‐term underperformance of UK Initial Public Offerings
    European Financial Management, 2000, 6, (3), 319-342 View citations (5)

1998

16. Post-IPO Directors' Sales and Reissuing Activity: An Empirical Test of IPO Signalling Models
    Journal of Business Finance & Accounting, 1998, 25, (9-10), 1037-1079 View citations (2)
17. Testing for asymmetric information and inventory control effects in market maker behaviour on the London Stock Exchange
    Journal of Empirical Finance, 1998, 5, (1), 1-25 View citations (8)

1997

18. Detecting Information from Directors' Trades: Signal Definition and Variable Size Effects
    Journal of Business Finance & Accounting, 1997, 24, (3), 309-342 View citations (18)

1995

19. Determinants of Price Quote Revisions on the London Stock Exchange
    Economic Journal, 1995, 105, (428), 77-94 View citations (11)

1994

20. UK Directors' Trading: The Impact of Dealings in Smaller Firms
    Economic Journal, 1994, 104, (422), 37-53 View citations (8)
    See also Working Paper (1993)

1993

21. A cross-sectional variance bounds test
    Economics Letters, 1993, 42, (4), 373-377

1992

22. Asset price variability in a rational expectations equilibrium
    European Economic Review, 1992, 36, (7), 1367-1377 View citations (2)
23. Trading Rules and Excess Volatility
    Journal of Financial and Quantitative Analysis, 1992, 27, (03), 365-382 View citations (2)

1991

24. Cross-sectional Volatility on the U.K. Stock Market
    The Manchester School of Economic & Social Studies, 1991, 59, 72-80

1990

25. Asset Price Variability under Asymmetric Information
    Economic Journal, 1990, 100, (400), 67-77 View citations (1)
26. Take-overs: Unlocking corporate value
    European Management Journal, 1990, 8, (1), 126-129

1989

27. Are U.K. Stock Prices Excessively Volatile? Trading Rules and Variance Bounds Tests
    Economic Journal, 1989, 99, (398), 1083-98 View citations (9)
28. The Internationalisation of Stock Markets and the Abolition of U.K. Exchange Control
    The Review of Economics and Statistics, 1989, 71, (2), 332-36 View citations (49)

1986

29. The demand for information and the diffusion of a new product
    International Journal of Industrial Organization, 1986, 4, (4), 397-408 View citations (1)

1984

30. A Bayesian Approach to the Production of Information with a Linear Utility Function
    Review of Economic Studies, 1984, 51, (3), 521-27 View citations (1)

1983

31. Bayesian Learning and the Optimal Investment Decision of the Firm
    Economic Journal, 1983, 93, (369a), 87-98 View citations (4)
    See also Working Paper (1981)

Books

2008

1. Annuity Markets
   OUP Catalogue, Oxford University Press View citations (12)