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Personal profile

Research interests

I am a Professor of Finance in the School of Management at the University of Bath. My research focuses on annuity markets; pension economics; fund manager performance and directors’ trading; and previously I have worked in the areas of market microstructure, the new issue market and stock market volatility. I teach across all areas of finance including asset pricing, corporate finance, and market efficiency. I have previously held positions at Universities of Exeter, Bristol and the London School of Economics; and have held visiting positions at: Imperial College; Bank of England (Senior Houblon-Norman Fellow); Financial Services Authority (ESRC Business Fellowship); University of British Columbia, Canada; Solvay Business School, Brussels; ENPC, Paris; I was a member of the ESRC’s GAP Panels, 2012-2018; Business and Management sub-panel for REF2014; am a member of the B&M sub-panel for REF2021; and vice-chair of the B&M Panel for Hong Kong's RAE2020. I have acted as an expert witness in a legal case on financial regulation; have been a consultant to commercial and regulatory organisations including the London Stock Exchange, the Competition Commission, Financial Conduct (Services) Authority; and have advised the Department of Work and Pensions, the Bank of England, and the House of Commons Select Committees on issues in pensions.

Willing to supervise PhD

I am interested in supervising PhD students in the areas of pensions, fund management and corporate governance.

Education/Academic qualification

Bachelor of Arts, De Montfort University

Master of Arts, University of Warwick

Doctor of Philosophy, University of Warwick

Fingerprint Fingerprint is based on mining the text of the person's scientific documents to create an index of weighted terms, which defines the key subjects of each individual researcher.

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Network Recent external collaboration on country level. Dive into details by clicking on the dots.

Research Output 1983 2018

Insider trading and the post-earnings-announcement drift

Dargenidou, C., Tonks, I. & Tsoligkas, F. 1 Mar 2018 In : Journal of Business Finance and Accounting. 45, 3-4, p. 482-508 27 p.

Research output: Contribution to journalArticle

Earnings announcements
Earnings surprises
Post-earnings announcement drift
Insider trading
Inference

Network centrality and delegated investment performance

Rossi, A., Blake, D., Timmermann, A., Tonks, I. & Wermers, R. 1 Apr 2018 In : Journal of Financial Economics. 128, 1, p. 183-206 55 p.

Research output: Contribution to journalArticle

Network centrality
Managers
Investment performance
Risk-adjusted performance
Investors

Fund flows, manager changes and performance persistence

Bessler, W., Blake, D., Luckoff, P. & Tonks, I. 17 May 2017 In : Review of Finance. p. 1-37 37 p., rfx017

Research output: Contribution to journalArticle

Mutual funds
Fund flows
Managers
Performance persistence
Equity

Institutional Investors and the QE Portfolio Balance Channel

Joyce, M. A. S., Liu, Z. & Tonks, I. Sep 2017 In : Journal of Money, Credit and Banking. 49, 6, p. 1225-1246 21 p.

Research output: Contribution to journalArticle

Quantitative easing
Institutional investors
Corporate bonds
Pension funds
Government bonds
2 Citations

New evidence on mutual fund performance: a comparison of alternative bootstrap methods

Blake, D., Caulfield, T., Ioannidis, C. & Tonks, I. 1 Jun 2017 In : Journal of Financial and Quantitative Analysis. 52, 3, p. 1-21

Research output: Contribution to journalArticle

Open Access
File
Mutual fund performance
Bootstrap
Fund managers
Bootstrap method
Confidence interval