Anna (Ania) Zalewska

University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management

Professor of Finance

Claverton Down

Bath, BA2 7AY

United Kingdom

SCHOLARLY PAPERS

26

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56

Scholarly Papers (26)

One Half-Billion Shareholders and Counting-Determinants of Individual Share Ownership Around the World

Number of pages: 45 Posted: 22 Mar 2009 Last Revised: 01 Dec 2009
Paul A. Grout, William L. Megginson and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO), University of Oklahoma and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 475 (58,116)
Citation 8

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Government policy and regulation, Capital and ownership structure, Property rights, Legal origin, International finance, Emerging markets

One Half-Billion Shareholders and Counting - Determinants of Individual Share Ownership Around the World

22nd Australasian Finance and Banking Conference 2009
Number of pages: 45 Posted: 25 Aug 2009
Paul A. Grout, William L. Megginson and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO), University of Oklahoma and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 224 (135,178)
Citation 2

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government policy and regulation, capital and ownership structure, property rights

2.

Profitability Measures and Competition Law

Centre for Market and Public Organisation Working Paper No. 06/144
Number of pages: 21 Posted: 02 May 2006
Paul A. Grout and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 484 (57,364)
Citation 1

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internal rate of return, accounting rate of return, cost of capital, profitability measures, competition

To Buy or Not to Buy?: The Effect of Option Granting on Executive Stock Purchases

Number of pages: 55 Posted: 15 Mar 2006 Last Revised: 14 Apr 2010
Paul A. Grout and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 331 (89,397)
Citation 1

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CEO compensation, managerial incentives, asymmetric information, corporate governance

To Buy or Not to Buy?: The Effect of Option Granting on Executive Stock Purchases

Number of pages: 55 Posted: 27 Feb 2007 Last Revised: 16 Apr 2010
Paul A. Grout and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 122 (229,960)

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CEO compensation, managerial incentives, asymmetric information, corporate governance

4.

The Impact of Regulation on Market Risk

Journal of Financial Economics, Vol. 80, No. 1, pp. 149-184
Number of pages: 46 Posted: 21 May 2005
Paul A. Grout and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 316 (94,662)
Citation 1

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Regulation, Time-varying risk, Kalman filter, Asset pricing

5.

Emerging Markets - Is Today the Best Predictor of Tomorrow?

Number of pages: 8 Posted: 30 May 2008
Anna (Ania) Zalewska
University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 296 (101,686)
Citation 2

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emerging markets, stock market development

6.

Do Regulatory Changes Affect Market Risk?

EFA 2004 Maastricht Meetings Paper No. 4666
Number of pages: 51 Posted: 22 Jul 2004
Paul A. Grout and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 231 (131,554)
Citation 1

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Regulation, Time-varying risk, Portfolio management, Kalman Filter

Non-Synchronous Trading and Testing for Market Integration in Central European Emerging Markets

LIFE Working Paper No. 04-017
Number of pages: 48 Posted: 20 Oct 2005
Anna (Ania) Zalewska and Peter C. Schotman
University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management and Maastricht University - Department of Finance
Downloads 149 (195,933)

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market integration, market efficiency, non-synchronous trading, emerging markets, Kalman filter

Non-Synchronous Trading and Testing for Market Integration in Central European Emerging Markets

CEPR Discussion Paper No. 5352
Number of pages: 47 Posted: 06 Jan 2006
Anna (Ania) Zalewska and Peter C. Schotman
University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management and Maastricht University - Department of Finance
Downloads 14 (576,239)
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Market integration, non-synchronous trading, emerging markets, market efficiency, Kalman filter

8.

Circularity and the Undervaluation of Privatised Companies

EFMA 2002 London Meetings
Number of pages: 16 Posted: 25 Jun 2002
Anna (Ania) Zalewska and Paul A. Grout
University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management and University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO)
Downloads 160 (184,159)

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9.

Home Bias and Stock Market Development: The Polish Experience

Number of pages: 36 Posted: 29 Mar 2006
Anna (Ania) Zalewska
University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 153 (191,271)

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pension reforms, home bias, stock market development, emerging markets

Measuring the Rate of Return for Competition Law

Number of pages: 30 Posted: 20 Jan 2007
Paul A. Grout and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 125 (225,711)

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internal rate of return, accounting rate of return, cost of capital, profitability measures, competition

Measuring the Rate of Return for Competition Law

Journal of Competition Law and Economics, Vol. 4, Issue 1, pp. 155-176, 2008
Posted: 14 Jul 2008
Paul A. Grout and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management

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11.

Saving with Group or Individual Personal Pension Schemes: How Much Difference Does It Make?

Number of pages: 57 Posted: 21 Feb 2017 Last Revised: 26 Jun 2019
Anna (Ania) Zalewska
University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 116 (237,691)

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pension funds, defined contributions, performance, benchmarks, individual investors

12.

Regulatory Valuation of Public Utilities: A Case Study of the 20th Century

published by Business History (2014), vol 56, pp 936-955
Number of pages: 42 Posted: 24 Jan 2013 Last Revised: 19 Dec 2014
Paul A. Grout, Andrew Jenkins and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO), University of London - Institute of Education and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 113 (242,150)

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Public utilities, regulation, asset valuation, privatisation

13.

Jumping Over a Low Hurdle: Personal Pension Fund Performance

Number of pages: 51 Posted: 15 Apr 2013 Last Revised: 10 Nov 2015
Anastasia Petraki and Anna (Ania) Zalewska
University of Bath - Centre for Governance and Regulation; School of Management and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 112 (243,688)
Citation 1

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pension funds, portfolio performance, Sharpe ratio, benchmark selection, portfolio risk

14.

Consumer Confidence Indices and Stock Markets’ Meltdowns

Number of pages: 47 Posted: 27 Feb 2012 Last Revised: 05 Sep 2014
Elena Ferrer, Julie M. Salaber and Anna (Ania) Zalewska
Universidad Pública de Navarra, University of Bath School of Management and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 92 (278,345)
Citation 1

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consumer confidence, dotcom bubble, financial crisis, stock market reaction, financial literacy

15.

Deindustrialisation: Lessons from the Structural Outcomes of Post-Communist Transition

Acta Oeconomica, Vol. 56, No. 2, pp. 143-166, 2006, William Davidson Institute Working Paper Number 463
Number of pages: 41 Posted: 17 Jul 2002 Last Revised: 05 Sep 2010
Anna (Ania) Zalewska and Tomasz Mickiewicz
University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management and Aston University - Aston Business School
Downloads 92 (278,345)

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economic transition, employment structures, deindustrialisation, liberalisation, convergence

Does Experience Make You ‘Tougher’? Evidence from Competition Law

Number of pages: 28 Posted: 10 Oct 2010 Last Revised: 29 Jan 2013
Ludivine Garside, Paul A. Grout and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO), University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 87 (290,867)

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Public Officials, Experience, Competition Law

Does Experience Make You ‘Tougher’? Evidence from Competition Law

The Economic Journal, Vol. 123, Issue 568, pp. 474-490, 2013
Number of pages: 17 Posted: 28 Apr 2013
Ludivine Garside, Paul A. Grout and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO), University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 2 (666,826)
Citation 1
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17.

Using Stock Market Evidence to Inform the Definition of Product Markets in Competition Law

Number of pages: 27 Posted: 31 Jan 2010 Last Revised: 07 Jul 2011
Paul A. Grout, Frank Windmeijer and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO), University of Bristol - Department of Economics and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 74 (317,622)

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Competition Policy, Relevant Product Market, Stock Market Performance

18.

Stock Market Risk in the Financial Crisis

Number of pages: 60 Posted: 25 Feb 2015 Last Revised: 10 Nov 2015
Paul A. Grout and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 68 (332,785)

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financial crisis, systemic risk, market risk, utilities, banking sector, industrials

19.

Is Locking Domestic Funds into the Local Market Beneficial? Evidence from the Polish Pension Reforms

Number of pages: 30 Posted: 12 Sep 2006
Anna (Ania) Zalewska
University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 68 (332,785)
Citation 2

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pension reforms, home bias, stock market development, transition countries

20.

With Whom and in What is it Better to Save? Personal Pensions in the UK

Number of pages: 39 Posted: 14 Apr 2013
Anastasia Petraki and Anna (Ania) Zalewska
University of Bath - Centre for Governance and Regulation; School of Management and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 61 (351,927)

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pension funds, portfolio performance, Sharpe ratio, benchmark selection, portfolio risk

21.

Institutional and Individual Investors: Saving for Old Age

Journal of Banking and Finance, Forthcoming
Number of pages: 37 Posted: 23 Oct 2017 Last Revised: 25 Oct 2017
Steven Ongena and Anna (Ania) Zalewska
University of Zurich - Department of Banking and Finance and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
Downloads 57 (363,834)

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Institutional Investors, Individual Investors, Pension Funds, Defined Benefits, Defined Contributions, Retirement Investments

22.

Mutual Funds’ Exits, Financial Crisis and Darwin

Number of pages: 58 Posted: 15 Aug 2019
Anna (Ania) Zalewska and Yue Zhang
University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management and University of Bath - School of Management
Downloads 8 (604,756)

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mutual funds, performance, liquidations, mergers, exit, financial crisis, agency conflict

23.

A New Look at Regulating Bankers’ Remuneration

Corporate Governance: An International Review, Vol. 24, Issue 3, pp. 322-333, 2016
Number of pages: 12 Posted: 25 Apr 2016
Anna (Ania) Zalewska
University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management
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Corporate Governance, Executive Remuneration, Banks, Regulation, Systemic Risk

24.

Challenges of Corporate Governance: Twenty Years after Cadbury, Ten Years after Sarbanes-Oxley

Journal of Empirical Finance, Forthcoming
Posted: 11 Feb 2014
Anna (Ania) Zalewska
University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management

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Corporate governance, agency problems, boards of directors, incentive pay, regulation

25.

Privatisation of Utilities and the Asset Value Problem

European Economic Review, Vol. 48, No. 4, pp. 927-941, 2004
Posted: 28 Feb 2007
Paul A. Grout, Andrew Jenkins and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO), University of London - Institute of Education and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management

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Privatisation, Utilities, Regulation

26.

On the Undervaluation of Privatized Companies

Economics Letters, Vol. 86, No. 2, pp. 215-220, February 2005
Posted: 28 Feb 2007
Paul A. Grout and Anna (Ania) Zalewska
University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) and University of Bath - Centre for Governance, Regulation and Industrial Strategy; School of Management

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Privatization, Regulation, Undervaluation