Abstracts – Browse Results
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Alnaggar, A M M M (2022) Digital transformation in asset management organisations: towards a data driven approach for life cycle asset management, Unpublished PhD Thesis, , University College London (University of London).
Antonopoulou, S (1987) The building industry in Greece: its role in the post-war Greek economy, Unpublished PhD Thesis, , University College London (University of London).
Baik, A H (2017) Heritage Building Information Modelling (HBIM) as a model of UNESCO's World Heritage Nomination File, Unpublished PhD Thesis, , University College London (University of London).
Baltazar dos Santos, A P (2009) Cyberarchitecture: the virtualisation of architecture beyond representation towards interactivity, Unpublished PhD Thesis, , University College London (University of London).
Beech, N (2012) Constructing everyday life: an architectural history of the South Bank in production, 1948-1951, Unpublished PhD Thesis, , University College London (University of London).
Behar, C B (2016) A socio-technical perspective of ventilation practices in UK social housing with whole house ventilation systems: design, everyday life and change, Unpublished PhD Thesis, , University College London (University of London).
Bouwer, K A (2016) Building disappointment: the limits and potential of tort liability for energy efficiency problems in domestic buildings, Unpublished PhD Thesis, , University College London (University of London).
Boyes, G (2021) Towards BIM/GIS interoperability: a theoretical framework and practical generation of spaces to support infrastructure Asset Management, Unpublished PhD Thesis, , University College London (University of London).
Burman, E (2016) Assessing the operational performance of educational buildings against design expectations: a case study approach, Unpublished PhD Thesis, , University College London (University of London).
Fang, Z (2022) Machine learning integrated portfolio-based strategic building asset management, Unpublished PhD Thesis, , University College London (University of London).
Few, J F M (2021) Ventilation in occupied homes: measurement, performance and sociotechnical perspectives, Unpublished PhD Thesis, , University College London (University of London).
Hesse, A D (1991) The management of risks in the procurement of very large construction projects (Britain and New Commonwealth): Comparative change in procurement methods for very large construction projects, Unpublished PhD Thesis, , University College London (University of London).
Howard, R W (2021) Of incentive, bias, and behaviour: an empirical economic investigation into project delivery constructs influencing the adoption of building information modelling, Unpublished PhD Thesis, , University College London (University of London).
Husain, T (2023) Foreign investment and infrastructure financing: railways during the first age of globalisation, Unpublished PhD Thesis, , University College London (University of London).
- Type: Thesis
- Keywords: ownership; economic history; build-operate-transfer; financing; globalisation; government; integration; investment; markets; market; railway; owner; capital flow
- ISBN/ISSN:
- URL: https://discovery.ucl.ac.uk/id/eprint/10162887/
- Abstract:
The late nineteenth and early twentieth century is characterised as a time of rising international integration in goods and financial markets. Sovereign and railway securities were the top-most avenues of British capital flows during 1880-1913. Railways were risky ventures characterised by high capital intensity and significant sunk costs, and were therefore structured as emergent Build-Operate-Transfer schemes, with both public and private shades in ownership and management. Focusing on infrastructure finance as the key theme, the thesis draws on literature from finance and economic history to explore foreign investment in railway securities from fifteen countries. The thesis takes an investor's perspective, analysing the relationship between railway and government securities through the lens of country creditworthiness. In doing so, it explores three research questions. First, was the government guarantee a signal of government credibly committing to meet their obligations? Second, what were the determinants of yield spreads on railway securities and were there any commonalities with determinants on sovereign securities? Third, what was the dynamic relationship between returns on government and railway securities and how did they behave during times of crisis? Qualitative and quantitative methods point to two key results. First, the guarantee was a credible signal of government commitment and was the mechanism through which sovereign creditworthiness had a spillover effect on railways. Second, railways and sovereigns exhibited a time-varying relationship. However, crisis episodes such as the Barings crisis of 1890 significantly influenced the nexus between railways and sovereigns. Overall, a key result of the thesis is that investors took both sovereign and railway securities into account when forming perceptions of country creditworthiness. Current literature on the roots of creditworthiness during 1880-1913, rely exclusively on sovereign securities. This thesis expands the debate by looking at both sovereign and railway securities in understanding how market sentiment was shaped.
Kadir Pakir, A H (2003) Integration: A study in the context of low cost housing projects in Malaysia with special reference to the state of penang, Unpublished PhD Thesis, , University College London (University of London).
Kurul, E (2003) Re-using listed buildings through conversion: A process mapping approach, Unpublished PhD Thesis, , University College London (University of London).
Murray, A (2018) Returns on public capital investment: Procurement, whole life cost and value in English schools and hospitals, from 1997-2012, Unpublished PhD Thesis, , University College London (University of London).
Naghshbandi, S N (2022) Technology capabilities for safe and resilient coordination of automated earthwork systems: a decentralized multi-agent system approach, Unpublished PhD Thesis, , University College London (University of London).
Pocobelli, D P (2021) Heritage building information model (BIM) for scientific data, Unpublished PhD Thesis, , University College London (University of London).
Presland, A J (2023) Picturing construction, constructing identities: the photographic archive of John Laing & Son Ltd, Unpublished PhD Thesis, , University College London (University of London).
Sanei, H (2016) Discipline breakdown structure: Bridging project management and systems engineering to form an integrated management system in multidisciplinary rail projects, Unpublished PhD Thesis, , University College London (University of London).
Sassano, G (2022) Optimism bias and cost overruns: experimenting on the internal and external views in resources and time estimation, Unpublished PhD Thesis, , University College London (University of London).
Song, Y (2022) Resilience bonds and the financing of resilient infrastructure, Unpublished PhD Thesis, , University College London (University of London).
Sugiyantoro (2021) Homebuyers' strategies for progressive residential infrastructure improvement in Bandung, Indonesia, Unpublished PhD Thesis, , University College London (University of London).
Symons, A W (2021) Integrated design, design management and the delivery of major hospitals, Unpublished PhD Thesis, , University College London (University of London).
Udomdech, P (2021) Project-based innovation learning mechanisms in the built environment, Unpublished PhD Thesis, , University College London (University of London).
Vinci, F (2022) Project-based networks in the delivery of infrastructure projects and programmes, Unpublished PhD Thesis, , University College London (University of London).
Wang, Y (2022) Monitoring, modelling and analysis of occupants' operation of windows, use of air purifiers and smart air quality control in low-energy residential buildings, Unpublished PhD Thesis, , University College London (University of London).