The London Stock Exchange :

مرکز و کتابخانه مطالعات اسلامی به زبان های اروپایی

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" The London Stock Exchange : "
Dube, Zenzo Lusaba

Document Type	:	Latin Dissertation
Record Number	:	1097047
Doc. No	:	TLets496063
Main Entry	:	Dube, Zenzo Lusaba
Title & Author	:	The London Stock Exchange :\ Dube, Zenzo Lusaba
College	:	UNIVERSITY OF GLAMORGAN
Date	:	2008
student score	:	2008
Degree	:	Ph.D.
Abstract	:	This thesis addresses the historical reasons for how and why the London Stock.Exchange (LSE) has survived over 200 years as one of the world's leadingexchange markets. The LSE has firmly ensconced itself in the United Kingdom'seconomy such that it is now synonymous with the City of London, the "very hub andengine of the UK's economy. Indeed, the study investigates why the LSEencapsulates a living history relating not only to the past bllt also the present andfuture. Why has it persisted with time? To answer these qllestions the thesis drawsupon the three schools of new institutionalism, namely : rational choice;sociological and historical through the critical theory paradigm of inquiry andhermeneutics. All three schools of thought seek to explain how institutions behave,and to explain institutional change and how institutional actors behave.Hermeneutics forms a mutual synthesis for understanding and a bridge betweenpast and present through an engaged dialectic (or fusion of horizons). The 1986'Big Bang' brought forth the biggest reforms in the LSE's history. The reformsopened the doors to the public, of an institution that had been a privategentlemen's club for over one hundred and eighty-five years. Due to the boom thatfollowed, the LSE lost control of its markets and numerous corporate scandalsfollowed. Thee LSE has already lost most of its powers to the FSA. Furthermore theLSE's global dominance over international securities is now under threat from theNYSE-Euronext merger. NASDAQ has raised its stake in LSE to 28.75% to makeit its biggest shareholder. A takeover or merger with NASDAQ seems inevitable.What then is the future for the LSE? This thesis argues that through a study of theLSI's past one can understand its present circumstances and to a certain extentits future. The LSE is after all a living history.
Added Entry	:	UNIVERSITY OF GLAMORGAN