CINXE.COM

IB Knowledge Finance | Imperial College Business School

<!DOCTYPE html> <html lang="en" dir="ltr" prefix="og: https://ogp.me/ns#"> <head> <script> //let partyLib = '/themes/custom/icbs/build/js/partytown/'; //if (window.location.href.indexOf("business-school") > -1) { // partyLib = '/business-school' + partyLib; //} //partytown = { // lib: partyLib, // //forward: ['dataLayer.push', 'fbq'], // //resolveUrl: function (url, location, type) { // // //if (type === 'script') { // // // const proxyUrl = new URL('https://cdn.builder.codes/api/v1/js-proxy'); // // // proxyUrl.searchParams.append('url', url.href); // // // proxyUrl.searchParams.append('apiKey', '15f3da5fbb10456e95a390848ef2b861'); // // // return proxyUrl; // // //} // // if (type === 'script') { // // var proxyUrl = new URL('https://www.imperial.ac.uk/business-school/'); // // proxyUrl.searchParams.append('url', url.href); // // return proxyUrl; // // } // // return url; // //}, //}; // ///* Partytown 0.7.0 - MIT builder.io */ //!function(t,e,n,i,r,o,a,d,s,c,p,l){function u(){l||(l=1,"/"==(a=(o.lib||"/~partytown/")+(o.debug?"debug/":""))[0]&&(s=e.querySelectorAll('script[type="text/partytown"]'),i!=t?i.dispatchEvent(new CustomEvent("pt1",{detail:t})):(d=setTimeout(w,1e4),e.addEventListener("pt0",f),r?h(1):n.serviceWorker?n.serviceWorker.register(a+(o.swPath||"partytown-sw.js"),{scope:a}).then((function(t){t.active?h():t.installing&&t.installing.addEventListener("statechange",(function(t){"activated"==t.target.state&&h()}))}),console.error):w())))}function h(t){c=e.createElement(t?"script":"iframe"),t||(c.setAttribute("style","display:block;width:0;height:0;border:0;visibility:hidden"),c.setAttribute("aria-hidden",!0)),c.src=a+"partytown-"+(t?"atomics.js?v=0.7.0":"sandbox-sw.html?"+Date.now()),e.body.appendChild(c)}function w(t,n){for(f(),t=0;t<s.length;t++)(n=e.createElement("script")).innerHTML=s[t].innerHTML,e.head.appendChild(n);c&&c.parentNode.removeChild(c)}function f(){clearTimeout(d)}o=t.partytown||{},i==t&&(o.forward||[]).map((function(e){p=t,e.split(".").map((function(e,n,i){p=p[i[n]]=n+1<i.length?"push"==i[n+1]?[]:p[i[n]]||{}:function(){(t._ptf=t._ptf||[]).push(i,arguments)}}))})),"complete"==e.readyState?u():(t.addEventListener("DOMContentLoaded",u),t.addEventListener("load",u))}(window,document,navigator,top,window.crossOriginIsolated); </script> <!-- OneTrust Cookies Consent Notice start for www.imperial.ac.uk/business-school --> <script src="https://cdn-ukwest.onetrust.com/scripttemplates/otSDKStub.js" type="text/javascript" charset="UTF-8" data-domain-script="504a1c92-b457-4e6b-ac1a-afd67320ff16" ></script> <script type="text/javascript"> function OptanonWrapper() { } </script> <!-- OneTrust Cookies Consent Notice end for www.imperial.ac.uk/business-school --> <!-- Google Tag Manager --> <script> (function (w, d, s, l, i) { w[l] = w[l] || []; w[l].push({ 'gtm.start': new Date().getTime(), event: 'gtm.js' }); var f = d.getElementsByTagName(s)[0], j = d.createElement(s), dl = l != 'dataLayer' ? '&l=' + l : ''; j.async = true; j.src = 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; f.parentNode.insertBefore(j, f); })(window, document, 'script', 'dataLayer', 'GTM-NLPNR5'); </script> <!-- End Google Tag Manager --> <meta charset="utf-8" /> <meta name="description" content="Read Imperial&#039;s forward-thinking articles on our knowledge hub. Discover topics such as finance climate &amp; economic policy. Learn more now." /> <meta name="abstract" content="Guidance for regulators, policymakers and business professionals who want to build a more robust financial system" /> <meta name="geo.placename" content="London" /> <meta name="geo.region" content="GB" /> <meta name="icbm" content="51.499273, -0.174787" /> <meta name="geo.position" content="51.499273, -0.174787" /> <meta http-equiv="content-language" content="en" /> <link rel="canonical" href="https://www.imperial.ac.uk/business-school/ib-knowledge/finance/" /> <meta name="robots" content="index, follow" /> <meta property="og:site_name" content="Imperial College Business School" /> <meta property="og:type" content="Listing page" /> <meta property="og:url" content="https://www.imperial.ac.uk/business-school/ib-knowledge/finance/" /> <meta property="og:title" content="Finance" /> <meta property="og:description" content="Guidance for regulators, policymakers and business professionals who want to build a more robust financial system" /> <meta property="og:image:url" content="" /> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:title" content="Finance" /> <meta name="twitter:description" content="Guidance for regulators, policymakers and business professionals who want to build a more robust financial system" /> <meta name="twitter:site" content="@ImperialBiz" /> <meta name="twitter:url" content="https://www.imperial.ac.uk/business-school/ib-knowledge/finance/" /> <meta name="twitter:image" content="https://www.imperial.ac.uk,,,," /> <meta name="Generator" content="Drupal 10 (https://www.drupal.org)" /> <meta name="MobileOptimized" content="width" /> <meta name="HandheldFriendly" content="true" /> <meta name="viewport" content="width=device-width, initial-scale=1.0" /> <meta http-equiv="X-UA-Compatible" content="IE=edge" /><script type="text/javascript">(window.NREUM||(NREUM={})).init={privacy:{cookies_enabled:true},ajax:{deny_list:["bam.nr-data.net"]},distributed_tracing:{enabled:true}};(window.NREUM||(NREUM={})).loader_config={agentID:"1120036338",accountID:"3403031",trustKey:"66686",xpid:"VwIHUlZQCRABVFJUDggGV1cJ",licenseKey:"NRJS-dc31a2b6da7019ef036",applicationID:"1036991138"};;/*! For license information please see nr-loader-spa-1.274.0.min.js.LICENSE.txt */ (()=>{var e,t,r={8122:(e,t,r)=>{"use strict";r.d(t,{a:()=>i});var n=r(944);function i(e,t){try{if(!e||"object"!=typeof e)return(0,n.R)(3);if(!t||"object"!=typeof t)return(0,n.R)(4);const r=Object.create(Object.getPrototypeOf(t),Object.getOwnPropertyDescriptors(t)),o=0===Object.keys(r).length?e:r;for(let a in o)if(void 0!==e[a])try{if(null===e[a]){r[a]=null;continue}Array.isArray(e[a])&&Array.isArray(t[a])?r[a]=Array.from(new Set([...e[a],...t[a]])):"object"==typeof e[a]&&"object"==typeof t[a]?r[a]=i(e[a],t[a]):r[a]=e[a]}catch(e){(0,n.R)(1,e)}return r}catch(e){(0,n.R)(2,e)}}},2555:(e,t,r)=>{"use strict";r.d(t,{Vp:()=>c,fn:()=>s,x1:()=>u});var n=r(384),i=r(8122);const o={beacon:n.NT.beacon,errorBeacon:n.NT.errorBeacon,licenseKey:void 0,applicationID:void 0,sa:void 0,queueTime:void 0,applicationTime:void 0,ttGuid:void 0,user:void 0,account:void 0,product:void 0,extra:void 0,jsAttributes:{},userAttributes:void 0,atts:void 0,transactionName:void 0,tNamePlain:void 0},a={};function s(e){try{const t=c(e);return!!t.licenseKey&&!!t.errorBeacon&&!!t.applicationID}catch(e){return!1}}function c(e){if(!e)throw new Error("All info objects require an agent identifier!");if(!a[e])throw new Error("Info for ".concat(e," was never set"));return a[e]}function u(e,t){if(!e)throw new Error("All info objects require an agent identifier!");a[e]=(0,i.a)(t,o);const r=(0,n.nY)(e);r&&(r.info=a[e])}},9417:(e,t,r)=>{"use strict";r.d(t,{D0:()=>h,gD:()=>g,xN:()=>p});var n=r(993);const i=e=>{if(!e||"string"!=typeof e)return!1;try{document.createDocumentFragment().querySelector(e)}catch{return!1}return!0};var o=r(2614),a=r(944),s=r(384),c=r(8122);const u="[data-nr-mask]",d=()=>{const e={mask_selector:"*",block_selector:"[data-nr-block]",mask_input_options:{color:!1,date:!1,"datetime-local":!1,email:!1,month:!1,number:!1,range:!1,search:!1,tel:!1,text:!1,time:!1,url:!1,week:!1,textarea:!1,select:!1,password:!0}};return{ajax:{deny_list:void 0,block_internal:!0,enabled:!0,harvestTimeSeconds:10,autoStart:!0},distributed_tracing:{enabled:void 0,exclude_newrelic_header:void 0,cors_use_newrelic_header:void 0,cors_use_tracecontext_headers:void 0,allowed_origins:void 0},feature_flags:[],generic_events:{enabled:!0,harvestTimeSeconds:30,autoStart:!0},harvest:{tooManyRequestsDelay:60},jserrors:{enabled:!0,harvestTimeSeconds:10,autoStart:!0},logging:{enabled:!0,harvestTimeSeconds:10,autoStart:!0,level:n.p_.INFO},metrics:{enabled:!0,autoStart:!0},obfuscate:void 0,page_action:{enabled:!0},page_view_event:{enabled:!0,autoStart:!0},page_view_timing:{enabled:!0,harvestTimeSeconds:30,autoStart:!0},performance:{capture_marks:!1,capture_measures:!1},privacy:{cookies_enabled:!0},proxy:{assets:void 0,beacon:void 0},session:{expiresMs:o.wk,inactiveMs:o.BB},session_replay:{autoStart:!0,enabled:!1,harvestTimeSeconds:60,preload:!1,sampling_rate:10,error_sampling_rate:100,collect_fonts:!1,inline_images:!1,fix_stylesheets:!0,mask_all_inputs:!0,get mask_text_selector(){return e.mask_selector},set mask_text_selector(t){i(t)?e.mask_selector="".concat(t,",").concat(u):""===t||null===t?e.mask_selector=u:(0,a.R)(5,t)},get block_class(){return"nr-block"},get ignore_class(){return"nr-ignore"},get mask_text_class(){return"nr-mask"},get block_selector(){return e.block_selector},set block_selector(t){i(t)?e.block_selector+=",".concat(t):""!==t&&(0,a.R)(6,t)},get mask_input_options(){return e.mask_input_options},set mask_input_options(t){t&&"object"==typeof t?e.mask_input_options={...t,password:!0}:(0,a.R)(7,t)}},session_trace:{enabled:!0,harvestTimeSeconds:10,autoStart:!0},soft_navigations:{enabled:!0,harvestTimeSeconds:10,autoStart:!0},spa:{enabled:!0,harvestTimeSeconds:10,autoStart:!0},ssl:void 0,user_actions:{enabled:!0}}},l={},f="All configuration objects require an agent identifier!";function h(e){if(!e)throw new Error(f);if(!l[e])throw new Error("Configuration for ".concat(e," was never set"));return l[e]}function p(e,t){if(!e)throw new Error(f);l[e]=(0,c.a)(t,d());const r=(0,s.nY)(e);r&&(r.init=l[e])}function g(e,t){if(!e)throw new Error(f);var r=h(e);if(r){for(var n=t.split("."),i=0;i<n.length-1;i++)if("object"!=typeof(r=r[n[i]]))return;r=r[n[n.length-1]]}return r}},5603:(e,t,r)=>{"use strict";r.d(t,{a:()=>c,o:()=>s});var n=r(384),i=r(8122);const o={accountID:void 0,trustKey:void 0,agentID:void 0,licenseKey:void 0,applicationID:void 0,xpid:void 0},a={};function s(e){if(!e)throw new Error("All loader-config objects require an agent identifier!");if(!a[e])throw new Error("LoaderConfig for ".concat(e," was never set"));return a[e]}function c(e,t){if(!e)throw new Error("All loader-config objects require an agent identifier!");a[e]=(0,i.a)(t,o);const r=(0,n.nY)(e);r&&(r.loader_config=a[e])}},3371:(e,t,r)=>{"use strict";r.d(t,{V:()=>f,f:()=>l});var n=r(8122),i=r(384),o=r(6154),a=r(9324);let s=0;const c={buildEnv:a.F3,distMethod:a.Xs,version:a.xv,originTime:o.WN},u={customTransaction:void 0,disabled:!1,isolatedBacklog:!1,loaderType:void 0,maxBytes:3e4,onerror:void 0,ptid:void 0,releaseIds:{},appMetadata:{},session:void 0,denyList:void 0,timeKeeper:void 0,obfuscator:void 0},d={};function l(e){if(!e)throw new Error("All runtime objects require an agent identifier!");if(!d[e])throw new Error("Runtime for ".concat(e," was never set"));return d[e]}function f(e,t){if(!e)throw new Error("All runtime objects require an agent identifier!");d[e]={...(0,n.a)(t,u),...c},Object.hasOwnProperty.call(d[e],"harvestCount")||Object.defineProperty(d[e],"harvestCount",{get:()=>++s});const r=(0,i.nY)(e);r&&(r.runtime=d[e])}},9324:(e,t,r)=>{"use strict";r.d(t,{F3:()=>i,Xs:()=>o,Yq:()=>a,xv:()=>n});const n="1.274.0",i="PROD",o="CDN",a="^2.0.0-alpha.17"},6154:(e,t,r)=>{"use strict";r.d(t,{A4:()=>s,OF:()=>d,RI:()=>i,WN:()=>h,bv:()=>o,gm:()=>a,lR:()=>f,m:()=>u,mw:()=>c,sb:()=>l});var n=r(1863);const i="undefined"!=typeof window&&!!window.document,o="undefined"!=typeof WorkerGlobalScope&&("undefined"!=typeof self&&self instanceof WorkerGlobalScope&&self.navigator instanceof WorkerNavigator||"undefined"!=typeof globalThis&&globalThis instanceof WorkerGlobalScope&&globalThis.navigator instanceof WorkerNavigator),a=i?window:"undefined"!=typeof WorkerGlobalScope&&("undefined"!=typeof self&&self instanceof WorkerGlobalScope&&self||"undefined"!=typeof globalThis&&globalThis instanceof WorkerGlobalScope&&globalThis),s="complete"===a?.document?.readyState,c=Boolean("hidden"===a?.document?.visibilityState),u=""+a?.location,d=/iPad|iPhone|iPod/.test(a.navigator?.userAgent),l=d&&"undefined"==typeof SharedWorker,f=(()=>{const e=a.navigator?.userAgent?.match(/Firefox[/\s](\d+\.\d+)/);return Array.isArray(e)&&e.length>=2?+e[1]:0})(),h=Date.now()-(0,n.t)()},7295:(e,t,r)=>{"use strict";r.d(t,{Xv:()=>a,gX:()=>i,iW:()=>o});var n=[];function i(e){if(!e||o(e))return!1;if(0===n.length)return!0;for(var t=0;t<n.length;t++){var r=n[t];if("*"===r.hostname)return!1;if(s(r.hostname,e.hostname)&&c(r.pathname,e.pathname))return!1}return!0}function o(e){return void 0===e.hostname}function a(e){if(n=[],e&&e.length)for(var t=0;t<e.length;t++){let r=e[t];if(!r)continue;0===r.indexOf("http://")?r=r.substring(7):0===r.indexOf("https://")&&(r=r.substring(8));const i=r.indexOf("/");let o,a;i>0?(o=r.substring(0,i),a=r.substring(i)):(o=r,a="");let[s]=o.split(":");n.push({hostname:s,pathname:a})}}function s(e,t){return!(e.length>t.length)&&t.indexOf(e)===t.length-e.length}function c(e,t){return 0===e.indexOf("/")&&(e=e.substring(1)),0===t.indexOf("/")&&(t=t.substring(1)),""===e||e===t}},1687:(e,t,r)=>{"use strict";r.d(t,{Ak:()=>c,Ze:()=>l,x3:()=>u});var n=r(7836),i=r(3606),o=r(860),a=r(2646);const s={};function c(e,t){const r={staged:!1,priority:o.P3[t]||0};d(e),s[e].get(t)||s[e].set(t,r)}function u(e,t){e&&s[e]&&(s[e].get(t)&&s[e].delete(t),h(e,t,!1),s[e].size&&f(e))}function d(e){if(!e)throw new Error("agentIdentifier required");s[e]||(s[e]=new Map)}function l(e="",t="feature",r=!1){if(d(e),!e||!s[e].get(t)||r)return h(e,t);s[e].get(t).staged=!0,f(e)}function f(e){const t=Array.from(s[e]);t.every((([e,t])=>t.staged))&&(t.sort(((e,t)=>e[1].priority-t[1].priority)),t.forEach((([t])=>{s[e].delete(t),h(e,t)})))}function h(e,t,r=!0){const o=e?n.ee.get(e):n.ee,s=i.i.handlers;if(!o.aborted&&o.backlog&&s){if(r){const e=o.backlog[t],r=s[t];if(r){for(let t=0;e&&t<e.length;++t)p(e[t],r);Object.entries(r).forEach((([e,t])=>{Object.values(t||{}).forEach((t=>{t[0]?.on&&t[0]?.context()instanceof a.y&&t[0].on(e,t[1])}))}))}}o.isolatedBacklog||delete s[t],o.backlog[t]=null,o.emit("drain-"+t,[])}}function p(e,t){var r=e[1];Object.values(t[r]||{}).forEach((t=>{var r=e[0];if(t[0]===r){var n=t[1],i=e[3],o=e[2];n.apply(i,o)}}))}},7836:(e,t,r)=>{"use strict";r.d(t,{P:()=>c,ee:()=>u});var n=r(384),i=r(8990),o=r(3371),a=r(2646),s=r(5607);const c="nr@context:".concat(s.W),u=function e(t,r){var n={},s={},d={},l=!1;try{l=16===r.length&&(0,o.f)(r).isolatedBacklog}catch(e){}var f={on:p,addEventListener:p,removeEventListener:function(e,t){var r=n[e];if(!r)return;for(var i=0;i<r.length;i++)r[i]===t&&r.splice(i,1)},emit:function(e,r,n,i,o){!1!==o&&(o=!0);if(u.aborted&&!i)return;t&&o&&t.emit(e,r,n);for(var a=h(n),c=g(e),d=c.length,l=0;l<d;l++)c[l].apply(a,r);var p=v()[s[e]];p&&p.push([f,e,r,a]);return a},get:m,listeners:g,context:h,buffer:function(e,t){const r=v();if(t=t||"feature",f.aborted)return;Object.entries(e||{}).forEach((([e,n])=>{s[n]=t,t in r||(r[t]=[])}))},abort:function(){f._aborted=!0,Object.keys(f.backlog).forEach((e=>{delete f.backlog[e]}))},isBuffering:function(e){return!!v()[s[e]]},debugId:r,backlog:l?{}:t&&"object"==typeof t.backlog?t.backlog:{},isolatedBacklog:l};return Object.defineProperty(f,"aborted",{get:()=>{let e=f._aborted||!1;return e||(t&&(e=t.aborted),e)}}),f;function h(e){return e&&e instanceof a.y?e:e?(0,i.I)(e,c,(()=>new a.y(c))):new a.y(c)}function p(e,t){n[e]=g(e).concat(t)}function g(e){return n[e]||[]}function m(t){return d[t]=d[t]||e(f,t)}function v(){return f.backlog}}(void 0,"globalEE"),d=(0,n.Zm)();d.ee||(d.ee=u)},2646:(e,t,r)=>{"use strict";r.d(t,{y:()=>n});class n{constructor(e){this.contextId=e}}},9908:(e,t,r)=>{"use strict";r.d(t,{d:()=>n,p:()=>i});var n=r(7836).ee.get("handle");function i(e,t,r,i,o){o?(o.buffer([e],i),o.emit(e,t,r)):(n.buffer([e],i),n.emit(e,t,r))}},3606:(e,t,r)=>{"use strict";r.d(t,{i:()=>o});var n=r(9908);o.on=a;var i=o.handlers={};function o(e,t,r,o){a(o||n.d,i,e,t,r)}function a(e,t,r,i,o){o||(o="feature"),e||(e=n.d);var a=t[o]=t[o]||{};(a[r]=a[r]||[]).push([e,i])}},3878:(e,t,r)=>{"use strict";function n(e,t){return{capture:e,passive:!1,signal:t}}function i(e,t,r=!1,i){window.addEventListener(e,t,n(r,i))}function o(e,t,r=!1,i){document.addEventListener(e,t,n(r,i))}r.d(t,{DD:()=>o,jT:()=>n,sp:()=>i})},5607:(e,t,r)=>{"use strict";r.d(t,{W:()=>n});const n=(0,r(9566).bz)()},9566:(e,t,r)=>{"use strict";r.d(t,{LA:()=>s,ZF:()=>c,bz:()=>a,el:()=>u});var n=r(6154);const i="xxxxxxxx-xxxx-4xxx-yxxx-xxxxxxxxxxxx";function o(e,t){return e?15&e[t]:16*Math.random()|0}function a(){const e=n.gm?.crypto||n.gm?.msCrypto;let t,r=0;return e&&e.getRandomValues&&(t=e.getRandomValues(new Uint8Array(30))),i.split("").map((e=>"x"===e?o(t,r++).toString(16):"y"===e?(3&o()|8).toString(16):e)).join("")}function s(e){const t=n.gm?.crypto||n.gm?.msCrypto;let r,i=0;t&&t.getRandomValues&&(r=t.getRandomValues(new Uint8Array(e)));const a=[];for(var s=0;s<e;s++)a.push(o(r,i++).toString(16));return a.join("")}function c(){return s(16)}function u(){return s(32)}},2614:(e,t,r)=>{"use strict";r.d(t,{BB:()=>a,H3:()=>n,g:()=>u,iL:()=>c,tS:()=>s,uh:()=>i,wk:()=>o});const n="NRBA",i="SESSION",o=144e5,a=18e5,s={STARTED:"session-started",PAUSE:"session-pause",RESET:"session-reset",RESUME:"session-resume",UPDATE:"session-update"},c={SAME_TAB:"same-tab",CROSS_TAB:"cross-tab"},u={OFF:0,FULL:1,ERROR:2}},1863:(e,t,r)=>{"use strict";function n(){return Math.floor(performance.now())}r.d(t,{t:()=>n})},7485:(e,t,r)=>{"use strict";r.d(t,{D:()=>i});var n=r(6154);function i(e){if(0===(e||"").indexOf("data:"))return{protocol:"data"};try{const t=new URL(e,location.href),r={port:t.port,hostname:t.hostname,pathname:t.pathname,search:t.search,protocol:t.protocol.slice(0,t.protocol.indexOf(":")),sameOrigin:t.protocol===n.gm?.location?.protocol&&t.host===n.gm?.location?.host};return r.port&&""!==r.port||("http:"===t.protocol&&(r.port="80"),"https:"===t.protocol&&(r.port="443")),r.pathname&&""!==r.pathname?r.pathname.startsWith("/")||(r.pathname="/".concat(r.pathname)):r.pathname="/",r}catch(e){return{}}}},944:(e,t,r)=>{"use strict";function n(e,t){"function"==typeof console.debug&&console.debug("New Relic Warning: https://github.com/newrelic/newrelic-browser-agent/blob/main/docs/warning-codes.md#".concat(e),t)}r.d(t,{R:()=>n})},5284:(e,t,r)=>{"use strict";r.d(t,{t:()=>c,B:()=>s});var n=r(7836),i=r(6154);const o="newrelic";const a=new Set,s={};function c(e,t){const r=n.ee.get(t);s[t]??={},e&&"object"==typeof e&&(a.has(t)||(r.emit("rumresp",[e]),s[t]=e,a.add(t),function(e={}){try{i.gm.dispatchEvent(new CustomEvent(o,{detail:e}))}catch(e){}}({loaded:!0})))}},8990:(e,t,r)=>{"use strict";r.d(t,{I:()=>i});var n=Object.prototype.hasOwnProperty;function i(e,t,r){if(n.call(e,t))return e[t];var i=r();if(Object.defineProperty&&Object.keys)try{return Object.defineProperty(e,t,{value:i,writable:!0,enumerable:!1}),i}catch(e){}return e[t]=i,i}},6389:(e,t,r)=>{"use strict";function n(e,t=500,r={}){const n=r?.leading||!1;let i;return(...r)=>{n&&void 0===i&&(e.apply(this,r),i=setTimeout((()=>{i=clearTimeout(i)}),t)),n||(clearTimeout(i),i=setTimeout((()=>{e.apply(this,r)}),t))}}function i(e){let t=!1;return(...r)=>{t||(t=!0,e.apply(this,r))}}r.d(t,{J:()=>i,s:()=>n})},3304:(e,t,r)=>{"use strict";r.d(t,{A:()=>o});var n=r(7836);const i=()=>{const e=new WeakSet;return(t,r)=>{if("object"==typeof r&&null!==r){if(e.has(r))return;e.add(r)}return r}};function o(e){try{return JSON.stringify(e,i())??""}catch(e){try{n.ee.emit("internal-error",[e])}catch(e){}return""}}},5289:(e,t,r)=>{"use strict";r.d(t,{GG:()=>o,sB:()=>a});var n=r(3878);function i(){return"undefined"==typeof document||"complete"===document.readyState}function o(e,t){if(i())return e();(0,n.sp)("load",e,t)}function a(e){if(i())return e();(0,n.DD)("DOMContentLoaded",e)}},384:(e,t,r)=>{"use strict";r.d(t,{NT:()=>o,US:()=>d,Zm:()=>a,bQ:()=>c,dV:()=>s,nY:()=>u,pV:()=>l});var n=r(6154),i=r(1863);const o={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net"};function a(){return n.gm.NREUM||(n.gm.NREUM={}),void 0===n.gm.newrelic&&(n.gm.newrelic=n.gm.NREUM),n.gm.NREUM}function s(){let e=a();return e.o||(e.o={ST:n.gm.setTimeout,SI:n.gm.setImmediate,CT:n.gm.clearTimeout,XHR:n.gm.XMLHttpRequest,REQ:n.gm.Request,EV:n.gm.Event,PR:n.gm.Promise,MO:n.gm.MutationObserver,FETCH:n.gm.fetch,WS:n.gm.WebSocket}),e}function c(e,t){let r=a();r.initializedAgents??={},t.initializedAt={ms:(0,i.t)(),date:new Date},r.initializedAgents[e]=t}function u(e){let t=a();return t.initializedAgents?.[e]}function d(e,t){a()[e]=t}function l(){return function(){let e=a();const t=e.info||{};e.info={beacon:o.beacon,errorBeacon:o.errorBeacon,...t}}(),function(){let e=a();const t=e.init||{};e.init={...t}}(),s(),function(){let e=a();const t=e.loader_config||{};e.loader_config={...t}}(),a()}},2843:(e,t,r)=>{"use strict";r.d(t,{u:()=>i});var n=r(3878);function i(e,t=!1,r,i){(0,n.DD)("visibilitychange",(function(){if(t)return void("hidden"===document.visibilityState&&e());e(document.visibilityState)}),r,i)}},8139:(e,t,r)=>{"use strict";r.d(t,{u:()=>f});var n=r(7836),i=r(3434),o=r(8990),a=r(6154);const s={},c=a.gm.XMLHttpRequest,u="addEventListener",d="removeEventListener",l="nr@wrapped:".concat(n.P);function f(e){var t=function(e){return(e||n.ee).get("events")}(e);if(s[t.debugId]++)return t;s[t.debugId]=1;var r=(0,i.YM)(t,!0);function f(e){r.inPlace(e,[u,d],"-",p)}function p(e,t){return e[1]}return"getPrototypeOf"in Object&&(a.RI&&h(document,f),h(a.gm,f),h(c.prototype,f)),t.on(u+"-start",(function(e,t){var n=e[1];if(null!==n&&("function"==typeof n||"object"==typeof n)){var i=(0,o.I)(n,l,(function(){var e={object:function(){if("function"!=typeof n.handleEvent)return;return n.handleEvent.apply(n,arguments)},function:n}[typeof n];return e?r(e,"fn-",null,e.name||"anonymous"):n}));this.wrapped=e[1]=i}})),t.on(d+"-start",(function(e){e[1]=this.wrapped||e[1]})),t}function h(e,t,...r){let n=e;for(;"object"==typeof n&&!Object.prototype.hasOwnProperty.call(n,u);)n=Object.getPrototypeOf(n);n&&t(n,...r)}},3434:(e,t,r)=>{"use strict";r.d(t,{Jt:()=>o,YM:()=>c});var n=r(7836),i=r(5607);const o="nr@original:".concat(i.W);var a=Object.prototype.hasOwnProperty,s=!1;function c(e,t){return e||(e=n.ee),r.inPlace=function(e,t,n,i,o){n||(n="");const a="-"===n.charAt(0);for(let s=0;s<t.length;s++){const c=t[s],u=e[c];d(u)||(e[c]=r(u,a?c+n:n,i,c,o))}},r.flag=o,r;function r(t,r,n,s,c){return d(t)?t:(r||(r=""),nrWrapper[o]=t,function(e,t,r){if(Object.defineProperty&&Object.keys)try{return Object.keys(e).forEach((function(r){Object.defineProperty(t,r,{get:function(){return e[r]},set:function(t){return e[r]=t,t}})})),t}catch(e){u([e],r)}for(var n in e)a.call(e,n)&&(t[n]=e[n])}(t,nrWrapper,e),nrWrapper);function nrWrapper(){var o,a,d,l;try{a=this,o=[...arguments],d="function"==typeof n?n(o,a):n||{}}catch(t){u([t,"",[o,a,s],d],e)}i(r+"start",[o,a,s],d,c);try{return l=t.apply(a,o)}catch(e){throw i(r+"err",[o,a,e],d,c),e}finally{i(r+"end",[o,a,l],d,c)}}}function i(r,n,i,o){if(!s||t){var a=s;s=!0;try{e.emit(r,n,i,t,o)}catch(t){u([t,r,n,i],e)}s=a}}}function u(e,t){t||(t=n.ee);try{t.emit("internal-error",e)}catch(e){}}function d(e){return!(e&&"function"==typeof e&&e.apply&&!e[o])}},9300:(e,t,r)=>{"use strict";r.d(t,{T:()=>n});const n=r(860).K7.ajax},3333:(e,t,r)=>{"use strict";r.d(t,{TZ:()=>n,Zp:()=>i,mq:()=>s,nf:()=>a,qN:()=>o});const n=r(860).K7.genericEvents,i=["auxclick","click","copy","keydown","paste","scrollend"],o=["focus","blur"],a=4,s=1e3},6774:(e,t,r)=>{"use strict";r.d(t,{T:()=>n});const n=r(860).K7.jserrors},993:(e,t,r)=>{"use strict";r.d(t,{ET:()=>o,TZ:()=>a,p_:()=>i});var n=r(860);const i={ERROR:"ERROR",WARN:"WARN",INFO:"INFO",DEBUG:"DEBUG",TRACE:"TRACE"},o="log",a=n.K7.logging},3785:(e,t,r)=>{"use strict";r.d(t,{R:()=>c,b:()=>u});var n=r(9908),i=r(1863),o=r(860),a=r(3969),s=r(993);function c(e,t,r={},c=s.p_.INFO){(0,n.p)(a.xV,["API/logging/".concat(c.toLowerCase(),"/called")],void 0,o.K7.metrics,e),(0,n.p)(s.ET,[(0,i.t)(),t,r,c],void 0,o.K7.logging,e)}function u(e){return"string"==typeof e&&Object.values(s.p_).some((t=>t===e.toUpperCase().trim()))}},3969:(e,t,r)=>{"use strict";r.d(t,{TZ:()=>n,XG:()=>s,rs:()=>i,xV:()=>a,z_:()=>o});const n=r(860).K7.metrics,i="sm",o="cm",a="storeSupportabilityMetrics",s="storeEventMetrics"},6630:(e,t,r)=>{"use strict";r.d(t,{T:()=>n});const n=r(860).K7.pageViewEvent},782:(e,t,r)=>{"use strict";r.d(t,{T:()=>n});const n=r(860).K7.pageViewTiming},6344:(e,t,r)=>{"use strict";r.d(t,{BB:()=>d,G4:()=>o,Qb:()=>l,TZ:()=>i,Ug:()=>a,_s:()=>s,bc:()=>u,yP:()=>c});var n=r(2614);const i=r(860).K7.sessionReplay,o={RECORD:"recordReplay",PAUSE:"pauseReplay",REPLAY_RUNNING:"replayRunning",ERROR_DURING_REPLAY:"errorDuringReplay"},a=.12,s={DomContentLoaded:0,Load:1,FullSnapshot:2,IncrementalSnapshot:3,Meta:4,Custom:5},c={[n.g.ERROR]:15e3,[n.g.FULL]:3e5,[n.g.OFF]:0},u={RESET:{message:"Session was reset",sm:"Reset"},IMPORT:{message:"Recorder failed to import",sm:"Import"},TOO_MANY:{message:"429: Too Many Requests",sm:"Too-Many"},TOO_BIG:{message:"Payload was too large",sm:"Too-Big"},CROSS_TAB:{message:"Session Entity was set to OFF on another tab",sm:"Cross-Tab"},ENTITLEMENTS:{message:"Session Replay is not allowed and will not be started",sm:"Entitlement"}},d=5e3,l={API:"api"}},5270:(e,t,r)=>{"use strict";r.d(t,{Aw:()=>c,CT:()=>u,SR:()=>s});var n=r(384),i=r(9417),o=r(7767),a=r(6154);function s(e){return!!(0,n.dV)().o.MO&&(0,o.V)(e)&&!0===(0,i.gD)(e,"session_trace.enabled")}function c(e){return!0===(0,i.gD)(e,"session_replay.preload")&&s(e)}function u(e,t){const r=t.correctAbsoluteTimestamp(e);return{originalTimestamp:e,correctedTimestamp:r,timestampDiff:e-r,originTime:a.WN,correctedOriginTime:t.correctedOriginTime,originTimeDiff:Math.floor(a.WN-t.correctedOriginTime)}}},3738:(e,t,r)=>{"use strict";r.d(t,{He:()=>i,Kp:()=>s,Lc:()=>u,Rz:()=>d,TZ:()=>n,bD:()=>o,d3:()=>a,jx:()=>l,uP:()=>c});const n=r(860).K7.sessionTrace,i="bstResource",o="resource",a="-start",s="-end",c="fn"+a,u="fn"+s,d="pushState",l=1e3},3962:(e,t,r)=>{"use strict";r.d(t,{AM:()=>o,O2:()=>s,Qu:()=>c,TZ:()=>a,ih:()=>u,tC:()=>i});var n=r(860);const i=["click","keydown","submit"],o="api",a=n.K7.softNav,s={INITIAL_PAGE_LOAD:"",ROUTE_CHANGE:1,UNSPECIFIED:2},c={INTERACTION:1,AJAX:2,CUSTOM_END:3,CUSTOM_TRACER:4},u={IP:"in progress",FIN:"finished",CAN:"cancelled"}},7378:(e,t,r)=>{"use strict";r.d(t,{$p:()=>x,BR:()=>b,Kp:()=>R,L3:()=>y,Lc:()=>c,NC:()=>o,SG:()=>d,TZ:()=>i,U6:()=>p,UT:()=>m,d3:()=>w,dT:()=>f,e5:()=>A,gx:()=>v,l9:()=>l,oW:()=>h,op:()=>g,rw:()=>u,tH:()=>E,uP:()=>s,wW:()=>T,xq:()=>a});var n=r(384);const i=r(860).K7.spa,o=["click","submit","keypress","keydown","keyup","change"],a=999,s="fn-start",c="fn-end",u="cb-start",d="api-ixn-",l="remaining",f="interaction",h="spaNode",p="jsonpNode",g="fetch-start",m="fetch-done",v="fetch-body-",b="jsonp-end",y=(0,n.dV)().o.ST,w="-start",R="-end",x="-body",T="cb"+R,A="jsTime",E="fetch"},4234:(e,t,r)=>{"use strict";r.d(t,{W:()=>o});var n=r(7836),i=r(1687);class o{constructor(e,t){this.agentIdentifier=e,this.ee=n.ee.get(e),this.featureName=t,this.blocked=!1}deregisterDrain(){(0,i.x3)(this.agentIdentifier,this.featureName)}}},7767:(e,t,r)=>{"use strict";r.d(t,{V:()=>o});var n=r(9417),i=r(6154);const o=e=>i.RI&&!0===(0,n.gD)(e,"privacy.cookies_enabled")},425:(e,t,r)=>{"use strict";r.d(t,{j:()=>j});var n=r(860),i=r(2555),o=r(3371),a=r(9908),s=r(7836),c=r(1687),u=r(5289),d=r(6154),l=r(944),f=r(3969),h=r(384),p=r(6344);const g=["setErrorHandler","finished","addToTrace","addRelease","addPageAction","setCurrentRouteName","setPageViewName","setCustomAttribute","interaction","noticeError","setUserId","setApplicationVersion","start",p.G4.RECORD,p.G4.PAUSE,"log","wrapLogger"],m=["setErrorHandler","finished","addToTrace","addRelease"];var v=r(1863),b=r(2614),y=r(993),w=r(3785),R=r(2646),x=r(3434);function T(e,t,r,n){if("object"!=typeof t||!t||"string"!=typeof r||!r||"function"!=typeof t[r])return(0,l.R)(29);const i=function(e){return(e||s.ee).get("logger")}(e),o=(0,x.YM)(i),a=new R.y(s.P);return a.level=n.level,a.customAttributes=n.customAttributes,o.inPlace(t,[r],"wrap-logger-",a),i}function A(){const e=(0,h.pV)();g.forEach((t=>{e[t]=(...r)=>function(t,...r){let n=[];return Object.values(e.initializedAgents).forEach((e=>{e&&e.api?e.exposed&&e.api[t]&&n.push(e.api[t](...r)):(0,l.R)(38,t)})),n.length>1?n:n[0]}(t,...r)}))}const E={};var S=r(9417),N=r(5603),O=r(5284);const _=e=>{const t=e.startsWith("http");e+="/",r.p=t?e:"https://"+e};let I=!1;function j(e,t={},g,R){let{init:x,info:j,loader_config:P,runtime:C={},exposed:k=!0}=t;C.loaderType=g;const L=(0,h.pV)();j||(x=L.init,j=L.info,P=L.loader_config),(0,S.xN)(e.agentIdentifier,x||{}),(0,N.a)(e.agentIdentifier,P||{}),j.jsAttributes??={},d.bv&&(j.jsAttributes.isWorker=!0),(0,i.x1)(e.agentIdentifier,j);const H=(0,S.D0)(e.agentIdentifier),D=[j.beacon,j.errorBeacon];I||(H.proxy.assets&&(_(H.proxy.assets),D.push(H.proxy.assets)),H.proxy.beacon&&D.push(H.proxy.beacon),A(),(0,h.US)("activatedFeatures",O.B),e.runSoftNavOverSpa&&=!0===H.soft_navigations.enabled&&H.feature_flags.includes("soft_nav")),C.denyList=[...H.ajax.deny_list||[],...H.ajax.block_internal?D:[]],C.ptid=e.agentIdentifier,(0,o.V)(e.agentIdentifier,C),e.ee=s.ee.get(e.agentIdentifier),void 0===e.api&&(e.api=function(e,t,h=!1){t||(0,c.Ak)(e,"api");const g={};var R=s.ee.get(e),x=R.get("tracer");E[e]=b.g.OFF,R.on(p.G4.REPLAY_RUNNING,(t=>{E[e]=t}));var A="api-",S=A+"ixn-";function N(t,r,n,o){const a=(0,i.Vp)(e);return null===r?delete a.jsAttributes[t]:(0,i.x1)(e,{...a,jsAttributes:{...a.jsAttributes,[t]:r}}),I(A,n,!0,o||null===r?"session":void 0)(t,r)}function O(){}g.log=function(e,{customAttributes:t={},level:r=y.p_.INFO}={}){(0,a.p)(f.xV,["API/log/called"],void 0,n.K7.metrics,R),(0,w.R)(R,e,t,r)},g.wrapLogger=(e,t,{customAttributes:r={},level:i=y.p_.INFO}={})=>{(0,a.p)(f.xV,["API/wrapLogger/called"],void 0,n.K7.metrics,R),T(R,e,t,{customAttributes:r,level:i})},m.forEach((e=>{g[e]=I(A,e,!0,"api")})),g.addPageAction=I(A,"addPageAction",!0,n.K7.genericEvents),g.setPageViewName=function(t,r){if("string"==typeof t)return"/"!==t.charAt(0)&&(t="/"+t),(0,o.f)(e).customTransaction=(r||"http://custom.transaction")+t,I(A,"setPageViewName",!0)()},g.setCustomAttribute=function(e,t,r=!1){if("string"==typeof e){if(["string","number","boolean"].includes(typeof t)||null===t)return N(e,t,"setCustomAttribute",r);(0,l.R)(40,typeof t)}else(0,l.R)(39,typeof e)},g.setUserId=function(e){if("string"==typeof e||null===e)return N("enduser.id",e,"setUserId",!0);(0,l.R)(41,typeof e)},g.setApplicationVersion=function(e){if("string"==typeof e||null===e)return N("application.version",e,"setApplicationVersion",!1);(0,l.R)(42,typeof e)},g.start=()=>{try{(0,a.p)(f.xV,["API/start/called"],void 0,n.K7.metrics,R),R.emit("manual-start-all")}catch(e){(0,l.R)(23,e)}},g[p.G4.RECORD]=function(){(0,a.p)(f.xV,["API/recordReplay/called"],void 0,n.K7.metrics,R),(0,a.p)(p.G4.RECORD,[],void 0,n.K7.sessionReplay,R)},g[p.G4.PAUSE]=function(){(0,a.p)(f.xV,["API/pauseReplay/called"],void 0,n.K7.metrics,R),(0,a.p)(p.G4.PAUSE,[],void 0,n.K7.sessionReplay,R)},g.interaction=function(e){return(new O).get("object"==typeof e?e:{})};const _=O.prototype={createTracer:function(e,t){var r={},i=this,o="function"==typeof t;return(0,a.p)(f.xV,["API/createTracer/called"],void 0,n.K7.metrics,R),h||(0,a.p)(S+"tracer",[(0,v.t)(),e,r],i,n.K7.spa,R),function(){if(x.emit((o?"":"no-")+"fn-start",[(0,v.t)(),i,o],r),o)try{return t.apply(this,arguments)}catch(e){const t="string"==typeof e?new Error(e):e;throw x.emit("fn-err",[arguments,this,t],r),t}finally{x.emit("fn-end",[(0,v.t)()],r)}}}};function I(e,t,r,i){return function(){return(0,a.p)(f.xV,["API/"+t+"/called"],void 0,n.K7.metrics,R),i&&(0,a.p)(e+t,[(0,v.t)(),...arguments],r?null:this,i,R),r?void 0:this}}function j(){r.e(478).then(r.bind(r,8778)).then((({setAPI:t})=>{t(e),(0,c.Ze)(e,"api")})).catch((e=>{(0,l.R)(27,e),R.abort()}))}return["actionText","setName","setAttribute","save","ignore","onEnd","getContext","end","get"].forEach((e=>{_[e]=I(S,e,void 0,h?n.K7.softNav:n.K7.spa)})),g.setCurrentRouteName=h?I(S,"routeName",void 0,n.K7.softNav):I(A,"routeName",!0,n.K7.spa),g.noticeError=function(t,r){"string"==typeof t&&(t=new Error(t)),(0,a.p)(f.xV,["API/noticeError/called"],void 0,n.K7.metrics,R),(0,a.p)("err",[t,(0,v.t)(),!1,r,!!E[e]],void 0,n.K7.jserrors,R)},d.RI?(0,u.GG)((()=>j()),!0):j(),g}(e.agentIdentifier,R,e.runSoftNavOverSpa)),void 0===e.exposed&&(e.exposed=k),I=!0}},8374:(e,t,r)=>{r.nc=(()=>{try{return document?.currentScript?.nonce}catch(e){}return""})()},860:(e,t,r)=>{"use strict";r.d(t,{$J:()=>o,K7:()=>n,P3:()=>i});const n={ajax:"ajax",genericEvents:"generic_events",jserrors:"jserrors",logging:"logging",metrics:"metrics",pageAction:"page_action",pageViewEvent:"page_view_event",pageViewTiming:"page_view_timing",sessionReplay:"session_replay",sessionTrace:"session_trace",softNav:"soft_navigations",spa:"spa"},i={[n.pageViewEvent]:1,[n.pageViewTiming]:2,[n.metrics]:3,[n.jserrors]:4,[n.spa]:5,[n.ajax]:6,[n.sessionTrace]:7,[n.softNav]:8,[n.sessionReplay]:9,[n.logging]:10,[n.genericEvents]:11},o={[n.pageViewTiming]:"events",[n.ajax]:"events",[n.spa]:"events",[n.softNav]:"events",[n.metrics]:"jserrors",[n.jserrors]:"jserrors",[n.sessionTrace]:"browser/blobs",[n.sessionReplay]:"browser/blobs",[n.logging]:"browser/logs",[n.genericEvents]:"ins"}}},n={};function i(e){var t=n[e];if(void 0!==t)return t.exports;var o=n[e]={exports:{}};return r[e](o,o.exports,i),o.exports}i.m=r,i.d=(e,t)=>{for(var r in t)i.o(t,r)&&!i.o(e,r)&&Object.defineProperty(e,r,{enumerable:!0,get:t[r]})},i.f={},i.e=e=>Promise.all(Object.keys(i.f).reduce(((t,r)=>(i.f[r](e,t),t)),[])),i.u=e=>({212:"nr-spa-compressor",249:"nr-spa-recorder",478:"nr-spa"}[e]+"-1.274.0.min.js"),i.o=(e,t)=>Object.prototype.hasOwnProperty.call(e,t),e={},t="NRBA-1.274.0.PROD:",i.l=(r,n,o,a)=>{if(e[r])e[r].push(n);else{var s,c;if(void 0!==o)for(var u=document.getElementsByTagName("script"),d=0;d<u.length;d++){var l=u[d];if(l.getAttribute("src")==r||l.getAttribute("data-webpack")==t+o){s=l;break}}if(!s){c=!0;var f={478:"sha512-1vUqEfJPB8Pihje9mv5CfYgkitO1FWcS+UQb84DbXqP8oYctRv4/lzl/MzNLPlRhcY1WVDBGL20I8vm6s2VV7g==",249:"sha512-Y/BeZAh6VSTmUtUNmS5XdyKxL92s30Fyyj8xVW76HSPxcKItL4+x2+kGMZc8pMJnUpZDz1L4eftZQAJh3D8NnA==",212:"sha512-Gn2tQ3qog5Yhrx/gRutkSTYPp+7nkKFt4/mIXg99LxcNpMDAYJZDBYmAACdoHNM86+iq1F3cBcQotFNzjIX8bw=="};(s=document.createElement("script")).charset="utf-8",s.timeout=120,i.nc&&s.setAttribute("nonce",i.nc),s.setAttribute("data-webpack",t+o),s.src=r,0!==s.src.indexOf(window.location.origin+"/")&&(s.crossOrigin="anonymous"),f[a]&&(s.integrity=f[a])}e[r]=[n];var h=(t,n)=>{s.onerror=s.onload=null,clearTimeout(p);var i=e[r];if(delete e[r],s.parentNode&&s.parentNode.removeChild(s),i&&i.forEach((e=>e(n))),t)return t(n)},p=setTimeout(h.bind(null,void 0,{type:"timeout",target:s}),12e4);s.onerror=h.bind(null,s.onerror),s.onload=h.bind(null,s.onload),c&&document.head.appendChild(s)}},i.r=e=>{"undefined"!=typeof Symbol&&Symbol.toStringTag&&Object.defineProperty(e,Symbol.toStringTag,{value:"Module"}),Object.defineProperty(e,"__esModule",{value:!0})},i.p="https://js-agent.newrelic.com/",(()=>{var e={38:0,788:0};i.f.j=(t,r)=>{var n=i.o(e,t)?e[t]:void 0;if(0!==n)if(n)r.push(n[2]);else{var o=new Promise(((r,i)=>n=e[t]=[r,i]));r.push(n[2]=o);var a=i.p+i.u(t),s=new Error;i.l(a,(r=>{if(i.o(e,t)&&(0!==(n=e[t])&&(e[t]=void 0),n)){var o=r&&("load"===r.type?"missing":r.type),a=r&&r.target&&r.target.src;s.message="Loading chunk "+t+" failed.\n("+o+": "+a+")",s.name="ChunkLoadError",s.type=o,s.request=a,n[1](s)}}),"chunk-"+t,t)}};var t=(t,r)=>{var n,o,[a,s,c]=r,u=0;if(a.some((t=>0!==e[t]))){for(n in s)i.o(s,n)&&(i.m[n]=s[n]);if(c)c(i)}for(t&&t(r);u<a.length;u++)o=a[u],i.o(e,o)&&e[o]&&e[o][0](),e[o]=0},r=self["webpackChunk:NRBA-1.274.0.PROD"]=self["webpackChunk:NRBA-1.274.0.PROD"]||[];r.forEach(t.bind(null,0)),r.push=t.bind(null,r.push.bind(r))})(),(()=>{"use strict";i(8374);var e=i(944),t=i(6344),r=i(9566);class n{agentIdentifier;constructor(e=(0,r.LA)(16)){this.agentIdentifier=e}#e(t,...r){if("function"==typeof this.api?.[t])return this.api[t](...r);(0,e.R)(35,t)}addPageAction(e,t){return this.#e("addPageAction",e,t)}setPageViewName(e,t){return this.#e("setPageViewName",e,t)}setCustomAttribute(e,t,r){return this.#e("setCustomAttribute",e,t,r)}noticeError(e,t){return this.#e("noticeError",e,t)}setUserId(e){return this.#e("setUserId",e)}setApplicationVersion(e){return this.#e("setApplicationVersion",e)}setErrorHandler(e){return this.#e("setErrorHandler",e)}addRelease(e,t){return this.#e("addRelease",e,t)}log(e,t){return this.#e("log",e,t)}}class o extends n{#e(t,...r){if("function"==typeof this.api?.[t])return this.api[t](...r);(0,e.R)(35,t)}start(){return this.#e("start")}finished(e){return this.#e("finished",e)}recordReplay(){return this.#e(t.G4.RECORD)}pauseReplay(){return this.#e(t.G4.PAUSE)}addToTrace(e){return this.#e("addToTrace",e)}setCurrentRouteName(e){return this.#e("setCurrentRouteName",e)}interaction(){return this.#e("interaction")}wrapLogger(e,t,r){return this.#e("wrapLogger",e,t,r)}}var a=i(860),s=i(9417);const c=Object.values(a.K7);function u(e){const t={};return c.forEach((r=>{t[r]=function(e,t){return!0===(0,s.gD)(t,"".concat(e,".enabled"))}(r,e)})),t}var d=i(425);var l=i(1687),f=i(4234),h=i(5289),p=i(6154),g=i(5270),m=i(7767),v=i(6389);class b extends f.W{constructor(e,t,r=!0){super(e.agentIdentifier,t),this.auto=r,this.abortHandler=void 0,this.featAggregate=void 0,this.onAggregateImported=void 0,!1===e.init[this.featureName].autoStart&&(this.auto=!1),this.auto?(0,l.Ak)(e.agentIdentifier,t):this.ee.on("manual-start-all",(0,v.J)((()=>{(0,l.Ak)(e.agentIdentifier,this.featureName),this.auto=!0,this.importAggregator(e)})))}importAggregator(t,r={}){if(this.featAggregate||!this.auto)return;let n;this.onAggregateImported=new Promise((e=>{n=e}));const o=async()=>{let o;try{if((0,m.V)(this.agentIdentifier)){const{setupAgentSession:e}=await i.e(478).then(i.bind(i,6526));o=e(t)}}catch(t){(0,e.R)(20,t),this.ee.emit("internal-error",[t]),this.featureName===a.K7.sessionReplay&&this.abortHandler?.()}try{if(t.sharedAggregator)await t.sharedAggregator;else{t.sharedAggregator=i.e(478).then(i.bind(i,9337));const{EventAggregator:e}=await t.sharedAggregator;t.sharedAggregator=new e}if(!this.#t(this.featureName,o))return(0,l.Ze)(this.agentIdentifier,this.featureName),void n(!1);const{lazyFeatureLoader:e}=await i.e(478).then(i.bind(i,6103)),{Aggregate:a}=await e(this.featureName,"aggregate");this.featAggregate=new a(t,r),n(!0)}catch(t){(0,e.R)(34,t),this.abortHandler?.(),(0,l.Ze)(this.agentIdentifier,this.featureName,!0),n(!1),this.ee&&this.ee.abort()}};p.RI?(0,h.GG)((()=>o()),!0):o()}#t(e,t){switch(e){case a.K7.sessionReplay:return(0,g.SR)(this.agentIdentifier)&&!!t;case a.K7.sessionTrace:return!!t;default:return!0}}}var y=i(6630);class w extends b{static featureName=y.T;constructor(e,t=!0){super(e,y.T,t),this.importAggregator(e)}}var R=i(384);var x=i(9908),T=i(2843),A=i(3878),E=i(782),S=i(1863);class N extends b{static featureName=E.T;constructor(e,t=!0){super(e,E.T,t),p.RI&&((0,T.u)((()=>(0,x.p)("docHidden",[(0,S.t)()],void 0,E.T,this.ee)),!0),(0,A.sp)("pagehide",(()=>(0,x.p)("winPagehide",[(0,S.t)()],void 0,E.T,this.ee))),this.importAggregator(e))}}var O=i(3969);class _ extends b{static featureName=O.TZ;constructor(e,t=!0){super(e,O.TZ,t),this.importAggregator(e)}}var I=i(6774),j=i(3304);class P{constructor(e,t,r,n,i){this.name="UncaughtError",this.message="string"==typeof e?e:(0,j.A)(e),this.sourceURL=t,this.line=r,this.column=n,this.__newrelic=i}}function C(e){return H(e)?e:new P(void 0!==e?.message?e.message:e,e?.filename||e?.sourceURL,e?.lineno||e?.line,e?.colno||e?.col,e?.__newrelic)}function k(e){const t="Unhandled Promise Rejection";if(!e?.reason)return;if(H(e.reason))try{return e.reason.message=t+": "+e.reason.message,C(e.reason)}catch(t){return C(e.reason)}const r=C(e.reason);return r.message=t+": "+r?.message,r}function L(e){if(e.error instanceof SyntaxError&&!/:\d+$/.test(e.error.stack?.trim())){const t=new P(e.message,e.filename,e.lineno,e.colno,e.error.__newrelic);return t.name=SyntaxError.name,t}return H(e.error)?e.error:C(e)}function H(e){return e instanceof Error&&!!e.stack}class D extends b{static featureName=I.T;#r=!1;constructor(e,r=!0){super(e,I.T,r);try{this.removeOnAbort=new AbortController}catch(e){}this.ee.on("internal-error",(e=>{this.abortHandler&&(0,x.p)("ierr",[C(e),(0,S.t)(),!0,{},this.#r],void 0,this.featureName,this.ee)})),this.ee.on(t.G4.REPLAY_RUNNING,(e=>{this.#r=e})),p.gm.addEventListener("unhandledrejection",(e=>{this.abortHandler&&(0,x.p)("err",[k(e),(0,S.t)(),!1,{unhandledPromiseRejection:1},this.#r],void 0,this.featureName,this.ee)}),(0,A.jT)(!1,this.removeOnAbort?.signal)),p.gm.addEventListener("error",(e=>{this.abortHandler&&(0,x.p)("err",[L(e),(0,S.t)(),!1,{},this.#r],void 0,this.featureName,this.ee)}),(0,A.jT)(!1,this.removeOnAbort?.signal)),this.abortHandler=this.#n,this.importAggregator(e)}#n(){this.removeOnAbort?.abort(),this.abortHandler=void 0}}var M=i(8990);let K=1;const U="nr@id";function V(e){const t=typeof e;return!e||"object"!==t&&"function"!==t?-1:e===p.gm?0:(0,M.I)(e,U,(function(){return K++}))}function G(e){if("string"==typeof e&&e.length)return e.length;if("object"==typeof e){if("undefined"!=typeof ArrayBuffer&&e instanceof ArrayBuffer&&e.byteLength)return e.byteLength;if("undefined"!=typeof Blob&&e instanceof Blob&&e.size)return e.size;if(!("undefined"!=typeof FormData&&e instanceof FormData))try{return(0,j.A)(e).length}catch(e){return}}}var F=i(8139),B=i(7836),W=i(3434);const z={},q=["open","send"];function Z(t){var r=t||B.ee;const n=function(e){return(e||B.ee).get("xhr")}(r);if(z[n.debugId]++)return n;z[n.debugId]=1,(0,F.u)(r);var i=(0,W.YM)(n),o=p.gm.XMLHttpRequest,a=p.gm.MutationObserver,s=p.gm.Promise,c=p.gm.setInterval,u="readystatechange",d=["onload","onerror","onabort","onloadstart","onloadend","onprogress","ontimeout"],l=[],f=p.gm.XMLHttpRequest=function(t){const r=new o(t),a=n.context(r);try{n.emit("new-xhr",[r],a),r.addEventListener(u,(s=a,function(){var e=this;e.readyState>3&&!s.resolved&&(s.resolved=!0,n.emit("xhr-resolved",[],e)),i.inPlace(e,d,"fn-",y)}),(0,A.jT)(!1))}catch(t){(0,e.R)(15,t);try{n.emit("internal-error",[t])}catch(e){}}var s;return r};function h(e,t){i.inPlace(t,["onreadystatechange"],"fn-",y)}if(function(e,t){for(var r in e)t[r]=e[r]}(o,f),f.prototype=o.prototype,i.inPlace(f.prototype,q,"-xhr-",y),n.on("send-xhr-start",(function(e,t){h(e,t),function(e){l.push(e),a&&(g?g.then(b):c?c(b):(m=-m,v.data=m))}(t)})),n.on("open-xhr-start",h),a){var g=s&&s.resolve();if(!c&&!s){var m=1,v=document.createTextNode(m);new a(b).observe(v,{characterData:!0})}}else r.on("fn-end",(function(e){e[0]&&e[0].type===u||b()}));function b(){for(var e=0;e<l.length;e++)h(0,l[e]);l.length&&(l=[])}function y(e,t){return t}return n}var Y="fetch-",X=Y+"body-",J=["arrayBuffer","blob","json","text","formData"],Q=p.gm.Request,ee=p.gm.Response,te="prototype";const re={};function ne(e){const t=function(e){return(e||B.ee).get("fetch")}(e);if(!(Q&&ee&&p.gm.fetch))return t;if(re[t.debugId]++)return t;function r(e,r,n){var i=e[r];"function"==typeof i&&(e[r]=function(){var e,r=[...arguments],o={};t.emit(n+"before-start",[r],o),o[B.P]&&o[B.P].dt&&(e=o[B.P].dt);var a=i.apply(this,r);return t.emit(n+"start",[r,e],a),a.then((function(e){return t.emit(n+"end",[null,e],a),e}),(function(e){throw t.emit(n+"end",[e],a),e}))})}return re[t.debugId]=1,J.forEach((e=>{r(Q[te],e,X),r(ee[te],e,X)})),r(p.gm,"fetch",Y),t.on(Y+"end",(function(e,r){var n=this;if(r){var i=r.headers.get("content-length");null!==i&&(n.rxSize=i),t.emit(Y+"done",[null,r],n)}else t.emit(Y+"done",[e],n)})),t}var ie=i(7485),oe=i(5603);class ae{constructor(e){this.agentIdentifier=e}generateTracePayload(e){if(!this.shouldGenerateTrace(e))return null;var t=(0,oe.o)(this.agentIdentifier);if(!t)return null;var n=(t.accountID||"").toString()||null,i=(t.agentID||"").toString()||null,o=(t.trustKey||"").toString()||null;if(!n||!i)return null;var a=(0,r.ZF)(),s=(0,r.el)(),c=Date.now(),u={spanId:a,traceId:s,timestamp:c};return(e.sameOrigin||this.isAllowedOrigin(e)&&this.useTraceContextHeadersForCors())&&(u.traceContextParentHeader=this.generateTraceContextParentHeader(a,s),u.traceContextStateHeader=this.generateTraceContextStateHeader(a,c,n,i,o)),(e.sameOrigin&&!this.excludeNewrelicHeader()||!e.sameOrigin&&this.isAllowedOrigin(e)&&this.useNewrelicHeaderForCors())&&(u.newrelicHeader=this.generateTraceHeader(a,s,c,n,i,o)),u}generateTraceContextParentHeader(e,t){return"00-"+t+"-"+e+"-01"}generateTraceContextStateHeader(e,t,r,n,i){return i+"@nr=0-1-"+r+"-"+n+"-"+e+"----"+t}generateTraceHeader(e,t,r,n,i,o){if(!("function"==typeof p.gm?.btoa))return null;var a={v:[0,1],d:{ty:"Browser",ac:n,ap:i,id:e,tr:t,ti:r}};return o&&n!==o&&(a.d.tk=o),btoa((0,j.A)(a))}shouldGenerateTrace(e){return this.isDtEnabled()&&this.isAllowedOrigin(e)}isAllowedOrigin(e){var t=!1,r={};if((0,s.gD)(this.agentIdentifier,"distributed_tracing")&&(r=(0,s.D0)(this.agentIdentifier).distributed_tracing),e.sameOrigin)t=!0;else if(r.allowed_origins instanceof Array)for(var n=0;n<r.allowed_origins.length;n++){var i=(0,ie.D)(r.allowed_origins[n]);if(e.hostname===i.hostname&&e.protocol===i.protocol&&e.port===i.port){t=!0;break}}return t}isDtEnabled(){var e=(0,s.gD)(this.agentIdentifier,"distributed_tracing");return!!e&&!!e.enabled}excludeNewrelicHeader(){var e=(0,s.gD)(this.agentIdentifier,"distributed_tracing");return!!e&&!!e.exclude_newrelic_header}useNewrelicHeaderForCors(){var e=(0,s.gD)(this.agentIdentifier,"distributed_tracing");return!!e&&!1!==e.cors_use_newrelic_header}useTraceContextHeadersForCors(){var e=(0,s.gD)(this.agentIdentifier,"distributed_tracing");return!!e&&!!e.cors_use_tracecontext_headers}}var se=i(9300),ce=i(7295),ue=["load","error","abort","timeout"],de=ue.length,le=(0,R.dV)().o.REQ,fe=(0,R.dV)().o.XHR;class he extends b{static featureName=se.T;constructor(e,t=!0){super(e,se.T,t),this.dt=new ae(e.agentIdentifier),this.handler=(e,t,r,n)=>(0,x.p)(e,t,r,n,this.ee);try{const e={xmlhttprequest:"xhr",fetch:"fetch",beacon:"beacon"};p.gm?.performance?.getEntriesByType("resource").forEach((t=>{if(t.initiatorType in e&&0!==t.responseStatus){const r={status:t.responseStatus},n={rxSize:t.transferSize,duration:Math.floor(t.duration),cbTime:0};pe(r,t.name),this.handler("xhr",[r,n,t.startTime,t.responseEnd,e[t.initiatorType]],void 0,a.K7.ajax)}}))}catch(e){}ne(this.ee),Z(this.ee),function(e,t,r,n){function i(e){var t=this;t.totalCbs=0,t.called=0,t.cbTime=0,t.end=R,t.ended=!1,t.xhrGuids={},t.lastSize=null,t.loadCaptureCalled=!1,t.params=this.params||{},t.metrics=this.metrics||{},e.addEventListener("load",(function(r){T(t,e)}),(0,A.jT)(!1)),p.lR||e.addEventListener("progress",(function(e){t.lastSize=e.loaded}),(0,A.jT)(!1))}function o(e){this.params={method:e[0]},pe(this,e[1]),this.metrics={}}function s(t,r){e.loader_config.xpid&&this.sameOrigin&&r.setRequestHeader("X-NewRelic-ID",e.loader_config.xpid);var i=n.generateTracePayload(this.parsedOrigin);if(i){var o=!1;i.newrelicHeader&&(r.setRequestHeader("newrelic",i.newrelicHeader),o=!0),i.traceContextParentHeader&&(r.setRequestHeader("traceparent",i.traceContextParentHeader),i.traceContextStateHeader&&r.setRequestHeader("tracestate",i.traceContextStateHeader),o=!0),o&&(this.dt=i)}}function c(e,r){var n=this.metrics,i=e[0],o=this;if(n&&i){var a=G(i);a&&(n.txSize=a)}this.startTime=(0,S.t)(),this.body=i,this.listener=function(e){try{"abort"!==e.type||o.loadCaptureCalled||(o.params.aborted=!0),("load"!==e.type||o.called===o.totalCbs&&(o.onloadCalled||"function"!=typeof r.onload)&&"function"==typeof o.end)&&o.end(r)}catch(e){try{t.emit("internal-error",[e])}catch(e){}}};for(var s=0;s<de;s++)r.addEventListener(ue[s],this.listener,(0,A.jT)(!1))}function u(e,t,r){this.cbTime+=e,t?this.onloadCalled=!0:this.called+=1,this.called!==this.totalCbs||!this.onloadCalled&&"function"==typeof r.onload||"function"!=typeof this.end||this.end(r)}function d(e,t){var r=""+V(e)+!!t;this.xhrGuids&&!this.xhrGuids[r]&&(this.xhrGuids[r]=!0,this.totalCbs+=1)}function l(e,t){var r=""+V(e)+!!t;this.xhrGuids&&this.xhrGuids[r]&&(delete this.xhrGuids[r],this.totalCbs-=1)}function f(){this.endTime=(0,S.t)()}function h(e,r){r instanceof fe&&"load"===e[0]&&t.emit("xhr-load-added",[e[1],e[2]],r)}function g(e,r){r instanceof fe&&"load"===e[0]&&t.emit("xhr-load-removed",[e[1],e[2]],r)}function m(e,t,r){t instanceof fe&&("onload"===r&&(this.onload=!0),("load"===(e[0]&&e[0].type)||this.onload)&&(this.xhrCbStart=(0,S.t)()))}function v(e,r){this.xhrCbStart&&t.emit("xhr-cb-time",[(0,S.t)()-this.xhrCbStart,this.onload,r],r)}function b(e){var t,r=e[1]||{};if("string"==typeof e[0]?0===(t=e[0]).length&&p.RI&&(t=""+p.gm.location.href):e[0]&&e[0].url?t=e[0].url:p.gm?.URL&&e[0]&&e[0]instanceof URL?t=e[0].href:"function"==typeof e[0].toString&&(t=e[0].toString()),"string"==typeof t&&0!==t.length){t&&(this.parsedOrigin=(0,ie.D)(t),this.sameOrigin=this.parsedOrigin.sameOrigin);var i=n.generateTracePayload(this.parsedOrigin);if(i&&(i.newrelicHeader||i.traceContextParentHeader))if(e[0]&&e[0].headers)s(e[0].headers,i)&&(this.dt=i);else{var o={};for(var a in r)o[a]=r[a];o.headers=new Headers(r.headers||{}),s(o.headers,i)&&(this.dt=i),e.length>1?e[1]=o:e.push(o)}}function s(e,t){var r=!1;return t.newrelicHeader&&(e.set("newrelic",t.newrelicHeader),r=!0),t.traceContextParentHeader&&(e.set("traceparent",t.traceContextParentHeader),t.traceContextStateHeader&&e.set("tracestate",t.traceContextStateHeader),r=!0),r}}function y(e,t){this.params={},this.metrics={},this.startTime=(0,S.t)(),this.dt=t,e.length>=1&&(this.target=e[0]),e.length>=2&&(this.opts=e[1]);var r,n=this.opts||{},i=this.target;"string"==typeof i?r=i:"object"==typeof i&&i instanceof le?r=i.url:p.gm?.URL&&"object"==typeof i&&i instanceof URL&&(r=i.href),pe(this,r);var o=(""+(i&&i instanceof le&&i.method||n.method||"GET")).toUpperCase();this.params.method=o,this.body=n.body,this.txSize=G(n.body)||0}function w(e,t){if(this.endTime=(0,S.t)(),this.params||(this.params={}),(0,ce.iW)(this.params))return;let n;this.params.status=t?t.status:0,"string"==typeof this.rxSize&&this.rxSize.length>0&&(n=+this.rxSize);const i={txSize:this.txSize,rxSize:n,duration:(0,S.t)()-this.startTime};r("xhr",[this.params,i,this.startTime,this.endTime,"fetch"],this,a.K7.ajax)}function R(e){const t=this.params,n=this.metrics;if(!this.ended){this.ended=!0;for(let t=0;t<de;t++)e.removeEventListener(ue[t],this.listener,!1);t.aborted||(0,ce.iW)(t)||(n.duration=(0,S.t)()-this.startTime,this.loadCazptureCalled||4!==e.readyState?null==t.status&&(t.status=0):T(this,e),n.cbTime=this.cbTime,r("xhr",[t,n,this.startTime,this.endTime,"xhr"],this,a.K7.ajax))}}function T(e,r){e.params.status=r.status;var n=function(e,t){var r=e.responseType;return"json"===r&&null!==t?t:"arraybuffer"===r||"blob"===r||"json"===r?G(e.response):"text"===r||""===r||void 0===r?G(e.responseText):void 0}(r,e.lastSize);if(n&&(e.metrics.rxSize=n),e.sameOrigin){var i=r.getResponseHeader("X-NewRelic-App-Data");i&&((0,x.p)(O.rs,["Ajax/CrossApplicationTracing/Header/Seen"],void 0,a.K7.metrics,t),e.params.cat=i.split(", ").pop())}e.loadCaptureCalled=!0}t.on("new-xhr",i),t.on("open-xhr-start",o),t.on("open-xhr-end",s),t.on("send-xhr-start",c),t.on("xhr-cb-time",u),t.on("xhr-load-added",d),t.on("xhr-load-removed",l),t.on("xhr-resolved",f),t.on("addEventListener-end",h),t.on("removeEventListener-end",g),t.on("fn-end",v),t.on("fetch-before-start",b),t.on("fetch-start",y),t.on("fn-start",m),t.on("fetch-done",w)}(e,this.ee,this.handler,this.dt),this.importAggregator(e)}}function pe(e,t){var r=(0,ie.D)(t),n=e.params||e;n.hostname=r.hostname,n.port=r.port,n.protocol=r.protocol,n.host=r.hostname+":"+r.port,n.pathname=r.pathname,e.parsedOrigin=r,e.sameOrigin=r.sameOrigin}const ge={},me=["pushState","replaceState"];function ve(e){const t=function(e){return(e||B.ee).get("history")}(e);return!p.RI||ge[t.debugId]++||(ge[t.debugId]=1,(0,W.YM)(t).inPlace(window.history,me,"-")),t}var be=i(3738);const{He:ye,bD:we,d3:Re,Kp:xe,TZ:Te,Lc:Ae,uP:Ee,Rz:Se}=be;class Ne extends b{static featureName=Te;constructor(e,t=!0){super(e,Te,t);if(!(0,m.V)(this.agentIdentifier))return void this.deregisterDrain();const r=this.ee;let n;ve(r),this.eventsEE=(0,F.u)(r),this.eventsEE.on(Ee,(function(e,t){this.bstStart=(0,S.t)()})),this.eventsEE.on(Ae,(function(e,t){(0,x.p)("bst",[e[0],t,this.bstStart,(0,S.t)()],void 0,a.K7.sessionTrace,r)})),r.on(Se+Re,(function(e){this.time=(0,S.t)(),this.startPath=location.pathname+location.hash})),r.on(Se+xe,(function(e){(0,x.p)("bstHist",[location.pathname+location.hash,this.startPath,this.time],void 0,a.K7.sessionTrace,r)}));try{n=new PerformanceObserver((e=>{const t=e.getEntries();(0,x.p)(ye,[t],void 0,a.K7.sessionTrace,r)})),n.observe({type:we,buffered:!0})}catch(e){}this.importAggregator(e,{resourceObserver:n})}}var Oe=i(2614);class _e extends b{static featureName=t.TZ;#i;#o;constructor(e,r=!0){let n;super(e,t.TZ,r),this.replayRunning=!1,this.#o=e;try{n=JSON.parse(localStorage.getItem("".concat(Oe.H3,"_").concat(Oe.uh)))}catch(e){}(0,g.SR)(e.agentIdentifier)&&this.ee.on(t.G4.RECORD,(()=>this.#a())),this.#s(n)?(this.#i=n?.sessionReplayMode,this.#c()):this.importAggregator(e),this.ee.on("err",(e=>{this.replayRunning&&(this.errorNoticed=!0,(0,x.p)(t.G4.ERROR_DURING_REPLAY,[e],void 0,this.featureName,this.ee))})),this.ee.on(t.G4.REPLAY_RUNNING,(e=>{this.replayRunning=e}))}#s(e){return e&&(e.sessionReplayMode===Oe.g.FULL||e.sessionReplayMode===Oe.g.ERROR)||(0,g.Aw)(this.agentIdentifier)}#u=!1;async#c(e){if(!this.#u){this.#u=!0;try{const{Recorder:t}=await Promise.all([i.e(478),i.e(249)]).then(i.bind(i,8589));this.recorder??=new t({mode:this.#i,agentIdentifier:this.agentIdentifier,trigger:e,ee:this.ee}),this.recorder.startRecording(),this.abortHandler=this.recorder.stopRecording}catch(e){}this.importAggregator(this.#o,{recorder:this.recorder,errorNoticed:this.errorNoticed})}}#a(){this.featAggregate?this.featAggregate.mode!==Oe.g.FULL&&this.featAggregate.initializeRecording(Oe.g.FULL,!0):(this.#i=Oe.g.FULL,this.#c(t.Qb.API),this.recorder&&this.recorder.parent.mode!==Oe.g.FULL&&(this.recorder.parent.mode=Oe.g.FULL,this.recorder.stopRecording(),this.recorder.startRecording(),this.abortHandler=this.recorder.stopRecording))}}var Ie=i(3962);class je extends b{static featureName=Ie.TZ;constructor(e,t=!0){if(super(e,Ie.TZ,t),!p.RI||!(0,R.dV)().o.MO)return;const r=ve(this.ee);Ie.tC.forEach((e=>{(0,A.sp)(e,(e=>{a(e)}),!0)}));const n=()=>(0,x.p)("newURL",[(0,S.t)(),""+window.location],void 0,this.featureName,this.ee);r.on("pushState-end",n),r.on("replaceState-end",n);try{this.removeOnAbort=new AbortController}catch(e){}(0,A.sp)("popstate",(e=>(0,x.p)("newURL",[e.timeStamp,""+window.location],void 0,this.featureName,this.ee)),!0,this.removeOnAbort?.signal);let i=!1;const o=new((0,R.dV)().o.MO)(((e,t)=>{i||(i=!0,requestAnimationFrame((()=>{(0,x.p)("newDom",[(0,S.t)()],void 0,this.featureName,this.ee),i=!1})))})),a=(0,v.s)((e=>{(0,x.p)("newUIEvent",[e],void 0,this.featureName,this.ee),o.observe(document.body,{attributes:!0,childList:!0,subtree:!0,characterData:!0})}),100,{leading:!0});this.abortHandler=function(){this.removeOnAbort?.abort(),o.disconnect(),this.abortHandler=void 0},this.importAggregator(e,{domObserver:o})}}var Pe=i(7378);const Ce={},ke=["appendChild","insertBefore","replaceChild"];function Le(e){const t=function(e){return(e||B.ee).get("jsonp")}(e);if(!p.RI||Ce[t.debugId])return t;Ce[t.debugId]=!0;var r=(0,W.YM)(t),n=/[?&](?:callback|cb)=([^&#]+)/,i=/(.*)\.([^.]+)/,o=/^(\w+)(\.|$)(.*)$/;function a(e,t){if(!e)return t;const r=e.match(o),n=r[1];return a(r[3],t[n])}return r.inPlace(Node.prototype,ke,"dom-"),t.on("dom-start",(function(e){!function(e){if(!e||"string"!=typeof e.nodeName||"script"!==e.nodeName.toLowerCase())return;if("function"!=typeof e.addEventListener)return;var o=(s=e.src,c=s.match(n),c?c[1]:null);var s,c;if(!o)return;var u=function(e){var t=e.match(i);if(t&&t.length>=3)return{key:t[2],parent:a(t[1],window)};return{key:e,parent:window}}(o);if("function"!=typeof u.parent[u.key])return;var d={};function l(){t.emit("jsonp-end",[],d),e.removeEventListener("load",l,(0,A.jT)(!1)),e.removeEventListener("error",f,(0,A.jT)(!1))}function f(){t.emit("jsonp-error",[],d),t.emit("jsonp-end",[],d),e.removeEventListener("load",l,(0,A.jT)(!1)),e.removeEventListener("error",f,(0,A.jT)(!1))}r.inPlace(u.parent,[u.key],"cb-",d),e.addEventListener("load",l,(0,A.jT)(!1)),e.addEventListener("error",f,(0,A.jT)(!1)),t.emit("new-jsonp",[e.src],d)}(e[0])})),t}const He={};function De(e){const t=function(e){return(e||B.ee).get("promise")}(e);if(He[t.debugId])return t;He[t.debugId]=!0;var r=t.context,n=(0,W.YM)(t),i=p.gm.Promise;return i&&function(){function e(r){var o=t.context(),a=n(r,"executor-",o,null,!1);const s=Reflect.construct(i,[a],e);return t.context(s).getCtx=function(){return o},s}p.gm.Promise=e,Object.defineProperty(e,"name",{value:"Promise"}),e.toString=function(){return i.toString()},Object.setPrototypeOf(e,i),["all","race"].forEach((function(r){const n=i[r];e[r]=function(e){let i=!1;[...e||[]].forEach((e=>{this.resolve(e).then(a("all"===r),a(!1))}));const o=n.apply(this,arguments);return o;function a(e){return function(){t.emit("propagate",[null,!i],o,!1,!1),i=i||!e}}}})),["resolve","reject"].forEach((function(r){const n=i[r];e[r]=function(e){const r=n.apply(this,arguments);return e!==r&&t.emit("propagate",[e,!0],r,!1,!1),r}})),e.prototype=i.prototype;const o=i.prototype.then;i.prototype.then=function(...e){var i=this,a=r(i);a.promise=i,e[0]=n(e[0],"cb-",a,null,!1),e[1]=n(e[1],"cb-",a,null,!1);const s=o.apply(this,e);return a.nextPromise=s,t.emit("propagate",[i,!0],s,!1,!1),s},i.prototype.then[W.Jt]=o,t.on("executor-start",(function(e){e[0]=n(e[0],"resolve-",this,null,!1),e[1]=n(e[1],"resolve-",this,null,!1)})),t.on("executor-err",(function(e,t,r){e[1](r)})),t.on("cb-end",(function(e,r,n){t.emit("propagate",[n,!0],this.nextPromise,!1,!1)})),t.on("propagate",(function(e,r,n){this.getCtx&&!r||(this.getCtx=function(){if(e instanceof Promise)var r=t.context(e);return r&&r.getCtx?r.getCtx():this})}))}(),t}const Me={},Ke="setTimeout",Ue="setInterval",Ve="clearTimeout",Ge="-start",Fe=[Ke,"setImmediate",Ue,Ve,"clearImmediate"];function Be(e){const t=function(e){return(e||B.ee).get("timer")}(e);if(Me[t.debugId]++)return t;Me[t.debugId]=1;var r=(0,W.YM)(t);return r.inPlace(p.gm,Fe.slice(0,2),Ke+"-"),r.inPlace(p.gm,Fe.slice(2,3),Ue+"-"),r.inPlace(p.gm,Fe.slice(3),Ve+"-"),t.on(Ue+Ge,(function(e,t,n){e[0]=r(e[0],"fn-",null,n)})),t.on(Ke+Ge,(function(e,t,n){this.method=n,this.timerDuration=isNaN(e[1])?0:+e[1],e[0]=r(e[0],"fn-",this,n)})),t}const We={};function ze(e){const t=function(e){return(e||B.ee).get("mutation")}(e);if(!p.RI||We[t.debugId])return t;We[t.debugId]=!0;var r=(0,W.YM)(t),n=p.gm.MutationObserver;return n&&(window.MutationObserver=function(e){return this instanceof n?new n(r(e,"fn-")):n.apply(this,arguments)},MutationObserver.prototype=n.prototype),t}const{TZ:qe,d3:Ze,Kp:Ye,$p:Xe,wW:Je,e5:Qe,tH:$e,uP:et,rw:tt,Lc:rt}=Pe;class nt extends b{static featureName=qe;constructor(e,t=!0){if(super(e,qe,t),!p.RI)return;try{this.removeOnAbort=new AbortController}catch(e){}let r,n=0;const i=this.ee.get("tracer"),o=Le(this.ee),a=De(this.ee),s=Be(this.ee),c=Z(this.ee),u=this.ee.get("events"),d=ne(this.ee),l=ve(this.ee),f=ze(this.ee);function h(e,t){l.emit("newURL",[""+window.location,t])}function g(){n++,r=window.location.hash,this[et]=(0,S.t)()}function m(){n--,window.location.hash!==r&&h(0,!0);var e=(0,S.t)();this[Qe]=~~this[Qe]+e-this[et],this[rt]=e}function v(e,t){e.on(t,(function(){this[t]=(0,S.t)()}))}this.ee.on(et,g),a.on(tt,g),o.on(tt,g),this.ee.on(rt,m),a.on(Je,m),o.on(Je,m),this.ee.on("fn-err",((...t)=>{t[2]?.__newrelic?.[e.agentIdentifier]||(0,x.p)("function-err",[...t],void 0,this.featureName,this.ee)})),this.ee.buffer([et,rt,"xhr-resolved"],this.featureName),u.buffer([et],this.featureName),s.buffer(["setTimeout"+Ye,"clearTimeout"+Ze,et],this.featureName),c.buffer([et,"new-xhr","send-xhr"+Ze],this.featureName),d.buffer([$e+Ze,$e+"-done",$e+Xe+Ze,$e+Xe+Ye],this.featureName),l.buffer(["newURL"],this.featureName),f.buffer([et],this.featureName),a.buffer(["propagate",tt,Je,"executor-err","resolve"+Ze],this.featureName),i.buffer([et,"no-"+et],this.featureName),o.buffer(["new-jsonp","cb-start","jsonp-error","jsonp-end"],this.featureName),v(d,$e+Ze),v(d,$e+"-done"),v(o,"new-jsonp"),v(o,"jsonp-end"),v(o,"cb-start"),l.on("pushState-end",h),l.on("replaceState-end",h),window.addEventListener("hashchange",h,(0,A.jT)(!0,this.removeOnAbort?.signal)),window.addEventListener("load",h,(0,A.jT)(!0,this.removeOnAbort?.signal)),window.addEventListener("popstate",(function(){h(0,n>1)}),(0,A.jT)(!0,this.removeOnAbort?.signal)),this.abortHandler=this.#n,this.importAggregator(e)}#n(){this.removeOnAbort?.abort(),this.abortHandler=void 0}}var it=i(3333);class ot extends b{static featureName=it.TZ;constructor(e,t=!0){super(e,it.TZ,t);const r=[e.init.page_action.enabled,e.init.performance.capture_marks,e.init.performance.capture_measures,e.init.user_actions.enabled];p.RI&&e.init.user_actions.enabled&&(it.Zp.forEach((e=>(0,A.sp)(e,(e=>(0,x.p)("ua",[e],void 0,this.featureName,this.ee)),!0))),it.qN.forEach((e=>(0,A.sp)(e,(e=>(0,x.p)("ua",[e],void 0,this.featureName,this.ee)))))),r.some((e=>e))?this.importAggregator(e):this.deregisterDrain()}}var at=i(993),st=i(3785);class ct extends b{static featureName=at.TZ;constructor(e,t=!0){super(e,at.TZ,t);const r=this.ee;this.ee.on("wrap-logger-end",(function([e]){const{level:t,customAttributes:n}=this;(0,st.R)(r,e,n,t)})),this.importAggregator(e)}}new class extends o{constructor(t,r){super(r),p.gm?(this.features={},(0,R.bQ)(this.agentIdentifier,this),this.desiredFeatures=new Set(t.features||[]),this.desiredFeatures.add(w),this.runSoftNavOverSpa=[...this.desiredFeatures].some((e=>e.featureName===a.K7.softNav)),(0,d.j)(this,t,t.loaderType||"agent"),this.run()):(0,e.R)(21)}get config(){return{info:this.info,init:this.init,loader_config:this.loader_config,runtime:this.runtime}}run(){try{const t=u(this.agentIdentifier),r=[...this.desiredFeatures];r.sort(((e,t)=>a.P3[e.featureName]-a.P3[t.featureName])),r.forEach((r=>{if(!t[r.featureName]&&r.featureName!==a.K7.pageViewEvent)return;if(this.runSoftNavOverSpa&&r.featureName===a.K7.spa)return;if(!this.runSoftNavOverSpa&&r.featureName===a.K7.softNav)return;const n=function(e){switch(e){case a.K7.ajax:return[a.K7.jserrors];case a.K7.sessionTrace:return[a.K7.ajax,a.K7.pageViewEvent];case a.K7.sessionReplay:return[a.K7.sessionTrace];case a.K7.pageViewTiming:return[a.K7.pageViewEvent];default:return[]}}(r.featureName).filter((e=>!(e in this.features)));n.length>0&&(0,e.R)(36,{targetFeature:r.featureName,missingDependencies:n}),this.features[r.featureName]=new r(this)}))}catch(t){(0,e.R)(22,t);for(const e in this.features)this.features[e].abortHandler?.();const r=(0,R.Zm)();delete r.initializedAgents[this.agentIdentifier]?.api,delete r.initializedAgents[this.agentIdentifier]?.features,delete this.sharedAggregator;return r.ee.get(this.agentIdentifier).abort(),!1}}}({features:[he,w,N,Ne,_e,_,D,ot,ct,je,nt],loaderType:"spa"})})()})();</script> <link rel="icon" href="/business-school/themes/custom/icbs/favicon.ico" type="image/vnd.microsoft.icon" /> <title>IB Knowledge Finance | Imperial College Business School</title> <link rel="preload" href="/business-school/themes/custom/icbs/fonts/NeueHaasUnica/NeueHaasUnicaW05-Regular.woff2" as="font" type="font/woff2" crossorigin> <link rel="preload" href="/business-school/themes/custom/icbs/fonts/NeueHaasUnica/NeueHaasUnicaW05-Medium.woff2" as="font" type="font/woff2" crossorigin> <link rel="preconnect" href="https://fonts.googleapis.com"> <link rel="preconnect" href="https://fonts.gstatic.com" crossorigin> <link href="https://fonts.googleapis.com/css2?family=Raleway&display=swap" rel="stylesheet"> <link rel="stylesheet" media="all" href="/business-school/sites/default/files/css/css_vcEkd7i_Incn87642qE_KFR76eQLlv2mABpI8kPnW6A.css?delta=0&amp;language=en&amp;theme=icbs&amp;include=eJxlkVFywyAMRC9kmyMxAlSsFiNGktOkp69jO_XQ_DCa1bISD_iEuy8MCcXBVU82C4eAMihHguIXTAS-UP1S9y5tdlxw0IcaLi6A4hALqD66ekFVyKhDZEFXWRYo9IMDxaAuFw5QjvqD2VBGiFG2GQZGXPeOP1zqKHJVtMN-7DPum7wpfWJKsi3RaZFLwYzn9QYCWaDN6pKsDcp0KdNa2xoK6YzpiPjrjdHgkPaZN8Jvdfs5LZzWgp30BP0KyFSv97kIckYb3u0FrnI6Kc18Q6FqWK0HAjXOLPtv-NuGNYGx9BZuzznqFUHifIIiwzEI1EQ1_0OMvnFb2y84l9Lx" /> <link rel="stylesheet" media="all" href="/business-school/sites/default/files/css/css_cVnly3LRWFFIf2odtpCL203pPnxtHiT4Ca2nvw0vjUk.css?delta=1&amp;language=en&amp;theme=icbs&amp;include=eJxlkVFywyAMRC9kmyMxAlSsFiNGktOkp69jO_XQ_DCa1bISD_iEuy8MCcXBVU82C4eAMihHguIXTAS-UP1S9y5tdlxw0IcaLi6A4hALqD66ekFVyKhDZEFXWRYo9IMDxaAuFw5QjvqD2VBGiFG2GQZGXPeOP1zqKHJVtMN-7DPum7wpfWJKsi3RaZFLwYzn9QYCWaDN6pKsDcp0KdNa2xoK6YzpiPjrjdHgkPaZN8Jvdfs5LZzWgp30BP0KyFSv97kIckYb3u0FrnI6Kc18Q6FqWK0HAjXOLPtv-NuGNYGx9BZuzznqFUHifIIiwzEI1EQ1_0OMvnFb2y84l9Lx" /> <link rel="stylesheet" media="all" href="/business-school/sites/default/files/css/css_rGc6ldSowCuuVbG1RzYxFZ8IeYDDl6tZzGXgzPz9gXQ.css?delta=2&amp;language=en&amp;theme=icbs&amp;include=eJxlkVFywyAMRC9kmyMxAlSsFiNGktOkp69jO_XQ_DCa1bISD_iEuy8MCcXBVU82C4eAMihHguIXTAS-UP1S9y5tdlxw0IcaLi6A4hALqD66ekFVyKhDZEFXWRYo9IMDxaAuFw5QjvqD2VBGiFG2GQZGXPeOP1zqKHJVtMN-7DPum7wpfWJKsi3RaZFLwYzn9QYCWaDN6pKsDcp0KdNa2xoK6YzpiPjrjdHgkPaZN8Jvdfs5LZzWgp30BP0KyFSv97kIckYb3u0FrnI6Kc18Q6FqWK0HAjXOLPtv-NuGNYGx9BZuzznqFUHifIIiwzEI1EQ1_0OMvnFb2y84l9Lx" /> <script src="/business-school/core/assets/vendor/modernizr/modernizr.min.js?v=3.11.7"></script> </head> <body class="path-node page-node-type-listing-page"> <!-- Google Tag Manager (noscript) --> <noscript> <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-NLPNR5" height="0" width="0" style="display:none;visibility:hidden"></iframe> </noscript> <!-- End Google Tag Manager (noscript) --> <a href="#main-content" class="visually-hidden focusable skip-link"> Skip to main content </a> <div class="dialog-off-canvas-main-canvas" data-off-canvas-main-canvas> <div id="page-wrapper"> <div id="page" class="page page--node"> <header id="header" class="header" role="banner" aria-label="Site header"> <div class="section layout-container clearfix"> <div class="region region-header"> <div class="region__outer"> <div id="js-header-region-inner" class="region__inner"> <div class="c-site-branding"> <a href="/business-school/" title="Home" class="c-site-branding__site-logo" rel="home" aria-label="Home"> <img src="/business-school/themes/custom/icbs/logo.svg" alt="Home" id="site-logo--static" /> <div id="site-logo--animated"></div> </a> </div> <nav role="navigation" aria-labelledby="block-secondarytopnavigation-menu" id="block-secondarytopnavigation" class="block block-menu navigation menu--secondary-top-navigation"> <h2 class="visually-hidden" id="block-secondarytopnavigation-menu">Secondary Top Navigation</h2> <ul class="menu secondary-top-navigation"> <li class="menu-item"> <a href="/business-school/news/" data-drupal-link-system-path=""> News <i class="fa fa-chevron-right"></i> </a> </li> <li class="menu-item"> <a href="/business-school/blogs/" data-drupal-link-system-path=""> Blogs <i class="fa fa-chevron-right"></i> </a> </li> <li class="menu-item"> <a href="/business-school/events/" data-drupal-link-system-path=""> Events <i class="fa fa-chevron-right"></i> </a> </li> <li class="menu-item"> <a href="/business-school/corporate-relations/" data-drupal-link-system-path=""> Corporate Relations <i class="fa fa-chevron-right"></i> </a> </li> </ul> </nav> <div id="block-search-block-header" class="block block-icbs-search block-search-block block--"> <button type="button" aria-label="Toggle search box" class="button button--header icbs-search-drawer__button js-drawer-search-toggle"> <i class="fa fa-times js-drawer-search-toggle search--close"></i> <i class="fa fa-search js-drawer-search-toggle search--open"></i> <span class="js-drawer-search-toggle search--open">Search</span> <span class="js-drawer-search-toggle search--close">Close</span> </button> <div style="display:none;"> <div id="js-icbs-search-drawer" class="icbs-search-drawer"> <form class="search-form" data-drupal-selector="search-form-2" novalidate="novalidate" action="/business-school/ib-knowledge/finance/" method="post" id="search-form--2" accept-charset="UTF-8"> <div class="js-form-item form-item js-form-type-textfield form-type-textfield js-form-item-search-textfield form-item-search-textfield form-no-label"> <label for="edit-search-textfield--2" class="visually-hidden">Search</label> <input data-drupal-selector="edit-search-textfield" type="text" id="edit-search-textfield--2" name="search_textfield" value="" size="64" maxlength="64" placeholder="Type your query here..." class="form-text" /> </div> <input data-drupal-selector="edit-submit" type="submit" id="edit-submit--2" name="op" value="Search" class="button js-form-submit form-submit button--primary" /> <input autocomplete="off" data-drupal-selector="form-mpwqjmkdwtgexesu-9za77tscfhcucoycbbq1etslhs" type="hidden" name="form_build_id" value="form-MpwqjmkDWtGExesu-9zA77tScfHCUCoYCBbQ1EtSlhs" /> <input data-drupal-selector="edit-search-form-2" type="hidden" name="form_id" value="search_form" /> </form> </div> </div> </div> <button type="button" id="js-drawer-menu-toggle" aria-label="Toggle menu" class="button button--header region-header__drawer-menu-toggle js-drawer-menu-toggle"> Menu <i class="fa fa-bars"></i> </button> </div> </div> </div> <div class="region region-primary-menu"> <div class="region__outer"> <div class="region__inner"> <div id="block-icbs-megamenu" class="block block-icbs-navigation block-main-menu-block block--"> <div class="megamenu-container"> <nav class="megamenu"> <ul class="menu megamenu__level-0" data-menu-level="0"> <li class="megamenu__item js-has-megamenu"> <a href="/business-school/about-us/" class="megamenu__link" data-drupal-link-system-path="node/2">About us</a> <div class="megamenu__container"> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item"> <a href="/business-school/about-us/rankings-facts-and-figures/" class="megamenu__link" data-drupal-link-system-path="node/5388">Rankings, facts and figures</a> </li> <li class="megamenu__item"> <a href="/business-school/about-us/history/" class="megamenu__link" data-drupal-link-system-path="node/4">History</a> </li> <li class="megamenu__item"> <a href="/business-school/about-us/leadership/" class="megamenu__link" data-drupal-link-system-path="node/4763">Leadership</a> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item"> <a href="/business-school/about-us/publications/" class="megamenu__link" data-drupal-link-system-path="node/8">Publications</a> </li> <li class="megamenu__item"> <a href="/business-school/about-us/global-initiatives/" class="megamenu__link" data-drupal-link-system-path="node/9">Global Initiatives</a> </li> <li class="megamenu__item"> <a href="/business-school/corporate-relations/giving/" class="megamenu__link" data-drupal-link-system-path="node/10">Giving</a> </li> <li class="megamenu__item"> <a href="/business-school/about-us/culture-and-inclusion/" class="megamenu__link" data-drupal-link-system-path="node/6578">Culture and inclusion</a> <ul class="menu megamenu__level-2" data-menu-level="2"> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item"> <a href="/business-school/about-us/job-opportunities/" class="megamenu__link" data-drupal-link-system-path="node/18">Job opportunities</a> </li> <li class="megamenu__item"> <a href="/business-school/about-us/professional-staff/" class="megamenu__link" data-drupal-link-system-path="node/17">Professional staff</a> </li> <li class="megamenu__item"> <a href="/business-school/programmes/careers/" class="megamenu__link" data-drupal-link-system-path="node/3453">Careers</a> </li> <li class="megamenu__item"> <a href="/business-school/about-us/idea-lab/" class="megamenu__link" data-drupal-link-system-path="node/6472">IDEA Lab</a> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item"> <a href="/business-school/about-us/living-london/" class="megamenu__link" data-drupal-link-system-path="node/19">Living in London</a> </li> <li class="megamenu__item"> <a href="/business-school/about-us/locations/" class="megamenu__link" data-drupal-link-system-path="node/12">Locations</a> </li> <li class="megamenu__item"> <a href="/business-school/about-us/contact-us/" class="megamenu__link" data-drupal-link-system-path="node/3446">Contact us</a> </li> </ul> </div> </li> <li class="megamenu__item js-has-megamenu"> <a href="/business-school/mba/" class="megamenu__link" data-drupal-link-system-path="node/6282">MBA</a> <div class="megamenu__container"> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/mba/full-time-mba/" class="megamenu__link" data-drupal-link-system-path="node/968">Full-Time MBA</a> </li> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/mba/global-online-mba/" class="megamenu__link" data-drupal-link-system-path="node/2387">Global Online MBA</a> </li> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/mba/weekend-mba/" class="megamenu__link" data-drupal-link-system-path="node/2271">Weekend MBA</a> </li> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/mba/executive-mba/" class="megamenu__link" data-drupal-link-system-path="node/1107">Executive MBA</a> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item"> <a href="/business-school/mba/connect/" class="megamenu__link" data-drupal-link-system-path="node/6340">Connect with us</a> </li> <li class="megamenu__item"> <a href="/business-school/mba/compare/?compare%5B0%5D=1&amp;compare%5B1%5D=2&amp;compare%5B2%5D=3&amp;compare%5B3%5D=4" class="megamenu__link" data-drupal-link-query="{&quot;compare&quot;:[&quot;1&quot;,&quot;2&quot;,&quot;3&quot;,&quot;4&quot;]}" data-drupal-link-system-path="node/6283">Compare our MBA programmes</a> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item"> <a href="/business-school/programmes/our-students/" class="megamenu__link" data-drupal-link-system-path="node/6302">Our students</a> </li> <li class="megamenu__item"> <a href="/business-school/programmes/imperial-advantage/" class="megamenu__link" data-drupal-link-system-path="node/6284">The Imperial advantage</a> </li> </ul> <div class="menu-ctas"> <a href="/business-school/programmes/meet-us/" class="button button--cta "> Register for an upcoming MBA event </a> <a href="/business-school/mba/brochure/" class="button button--cta "> Download brochure </a> </div> </div> </li> <li class="megamenu__item js-has-megamenu"> <a href="/business-school/masters/" class="megamenu__link" title="MSc" data-drupal-link-system-path="node/6305">Masters&#039;</a> <div class="megamenu__container"> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/masters/" class="megamenu__link" data-drupal-link-system-path="node/6305">Finance Masters&#039;</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/masters/finance/" class="megamenu__link" data-drupal-link-system-path="node/1879">MSc Finance</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/finance-accounting/" class="megamenu__link" data-drupal-link-system-path="node/2563">MSc Finance &amp; Accounting</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/financial-technology/" class="megamenu__link" data-drupal-link-system-path="node/2480">MSc Financial Technology</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/investment-wealth-management/" class="megamenu__link" data-drupal-link-system-path="node/2594">MSc Investment &amp; Wealth Management</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/risk-management/" class="megamenu__link" data-drupal-link-system-path="node/2672">MSc Risk Management &amp; Financial Engineering</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/compare-finance-masters/" class="megamenu__link" data-drupal-link-system-path="node/6311">Compare our Finance Masters&#039;</a> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/masters/" class="megamenu__link" data-drupal-link-system-path="node/6305">Management Masters&#039;</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/masters/management/" class="megamenu__link" data-drupal-link-system-path="node/6757">MSc in Management (MiM)</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/economics-strategy-business/" class="megamenu__link" data-drupal-link-system-path="node/2769">MSc Economics &amp; Strategy for Business</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/strategic-marketing/" class="megamenu__link" data-drupal-link-system-path="node/2779">MSc Strategic Marketing</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/strategic-marketing-online/" class="megamenu__link" data-drupal-link-system-path="node/6319">MSc Strategic Marketing (online, part-time)</a> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/masters/" class="megamenu__link" data-drupal-link-system-path="node/6305">Specialised Masters&#039;</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/masters/business-analytics/" class="megamenu__link" data-drupal-link-system-path="node/2870">MSc Business Analytics</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/business-analytics-online/" class="megamenu__link" data-drupal-link-system-path="node/6341">MSc Business Analytics (online, part-time)</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/climate-change-management-finance/" class="megamenu__link" data-drupal-link-system-path="node/2896">MSc Climate Change, Management &amp; Finance</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/innovation-entrepreneurship-management/" class="megamenu__link" data-drupal-link-system-path="node/2891">MSc Innovation, Entrepreneurship &amp; Management</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/global-health-management/" class="megamenu__link" data-drupal-link-system-path="node/2904">MSc Global Health Management</a> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item"> <a href="/business-school/masters/" class="megamenu__link" data-drupal-link-system-path="node/6305">All MSc programmes</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/connect/" class="megamenu__link" data-drupal-link-system-path="node/6435">Connect with us</a> </li> <li class="megamenu__item"> <a href="/business-school/programmes/our-students/" class="megamenu__link" data-drupal-link-system-path="node/6302">Our students</a> </li> <li class="megamenu__item"> <a href="/business-school/programmes/imperial-advantage/" class="megamenu__link" data-drupal-link-system-path="node/6284">The Imperial advantage</a> </li> <li class="megamenu__item"> <a href="/business-school/masters/extended-term/" class="megamenu__link" data-drupal-link-system-path="node/6774">Extended term</a> </li> </ul> <div class="menu-ctas"> <a href="/business-school/programmes/meet-us/" class="button button--cta "> Register for an upcoming MSc event </a> <a href="/business-school/masters/brochure/" class="button button--cta "> Download brochure </a> </div> </div> </li> <li class="megamenu__item js-has-megamenu"> <a href="/business-school/undergraduate/" class="megamenu__link" data-drupal-link-system-path="node/6323">Undergraduate</a> <div class="megamenu__container"> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/undergraduate/economics-finance-data-science/" class="megamenu__link" data-drupal-link-system-path="node/5708">BSc Economics, Finance and Data Science</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/undergraduate/economics-finance-data-science/how-to-apply/" class="megamenu__link" data-drupal-link-system-path="node/5709">Admissions</a> </li> <li class="megamenu__item"> <a href="/business-school/undergraduate/economics-finance-data-science/funding-scholarships/" class="megamenu__link" data-drupal-link-system-path="node/6066">Funding and scholarships</a> </li> <li class="megamenu__item"> <a href="/business-school/undergraduate/economics-finance-data-science/careers/" class="megamenu__link" data-drupal-link-system-path="node/5715">Careers</a> </li> <li class="megamenu__item"> <a href="/business-school/undergraduate/economics-finance-data-science/class-profile/" class="megamenu__link" data-drupal-link-system-path="node/6500">Class profile</a> </li> <li class="megamenu__item"> <a href="/business-school/undergraduate/economics-finance-data-science/student-experience/" class="megamenu__link" data-drupal-link-system-path="node/5712">Student experience</a> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/undergraduate/joint-honours/" class="megamenu__link" data-drupal-link-system-path="node/3270">Joint Honours</a> </li> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/undergraduate/intercalated/" class="megamenu__link" data-drupal-link-system-path="node/3278">Intercalated BSc</a> </li> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/undergraduate/bpes/" class="megamenu__link" data-drupal-link-system-path="node/3263">BPES modules</a> </li> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/undergraduate/biomedical-technology-ventures/" class="megamenu__link" data-drupal-link-system-path="node/6022">BSc Biomedical Technology Ventures</a> </li> </ul> <div class="menu-ctas"> <a href="/business-school/programmes/meet-us/" class="button button--cta "> Register for an upcoming event </a> </div> </div> </li> <li class="megamenu__item js-has-megamenu"> <a href="/business-school/phd/" class="megamenu__link" data-drupal-link-system-path="node/3081">PhD</a> <div class="megamenu__container"> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item"> <a href="/business-school/phd/admissions/" class="megamenu__link" data-drupal-link-system-path="node/3124">Admissions</a> </li> <li class="megamenu__item"> <a href="/business-school/phd/funding-scholarships/" class="megamenu__link" data-drupal-link-system-path="node/3151">Funding and scholarships</a> </li> <li class="megamenu__item"> <a href="/business-school/phd/career-impact/" class="megamenu__link" data-drupal-link-system-path="node/3172">Career impact</a> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item"> <a href="/business-school/phd/analytics/" class="megamenu__link" data-drupal-link-system-path="node/3960">Analytics &amp; Operations</a> </li> <li class="megamenu__item"> <a href="/business-school/phd/economics/" class="megamenu__link" data-drupal-link-system-path="node/3981">Economics &amp; Public Policy</a> </li> <li class="megamenu__item"> <a href="/business-school/phd/finance/" class="megamenu__link" data-drupal-link-system-path="node/3982">Finance</a> </li> <li class="megamenu__item"> <a href="/business-school/phd/management/" class="megamenu__link" data-drupal-link-system-path="node/6856">Management &amp; Entrepreneurship</a> </li> <li class="megamenu__item"> <a href="/business-school/phd/marketing/" class="megamenu__link" data-drupal-link-system-path="node/3984">Marketing</a> </li> </ul> <div class="menu-ctas"> <a href="/business-school/phd/brochure/" class="button button--cta "> Download brochure </a> </div> </div> </li> <li class="megamenu__item js-has-megamenu"> <a href="/business-school/faculty-research/" class="megamenu__link" data-drupal-link-system-path="node/3578">Faculty &amp; Research</a> <div class="megamenu__container"> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/faculty-research/faculty/" class="megamenu__link" data-drupal-link-system-path="node/3579">Faculty</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/faculty-research/faculty/people/" class="megamenu__link" data-drupal-link-system-path="node/1529">People</a> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/faculty/honorary-fellows/" class="megamenu__link" data-drupal-link-system-path="node/4260">Honorary Fellows</a> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/faculty/join-imperial/" class="megamenu__link" data-drupal-link-system-path="node/3580">Join Imperial</a> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/faculty-research/academic-areas/" class="megamenu__link" data-drupal-link-system-path="node/1596">Academic areas</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/faculty-research/academic-areas/analytics-operations/" class="megamenu__link" data-drupal-link-system-path="node/2963">Analytics &amp; Operations</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/academic-areas/economics-public-policy/" class="megamenu__link" data-drupal-link-system-path="node/2872">Economics &amp; Public Policy</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/academic-areas/finance/" class="megamenu__link" data-drupal-link-system-path="node/2842">Finance</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/academic-areas/management-entrepreneurship/" class="megamenu__link" data-drupal-link-system-path="node/2873">Management &amp; Entrepreneurship</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/academic-areas/marketing/" class="megamenu__link" data-drupal-link-system-path="node/2964">Marketing</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/faculty-research/research-centres/" class="megamenu__link" data-drupal-link-system-path="node/1908">Research Centres</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/faculty-research/research-centres/brevan-howard-centre-financial-analysis/" class="megamenu__link" data-drupal-link-system-path="node/137">Brevan Howard Centre for Financial Analysis</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/research-centres/centre-climate-finance-investment/" class="megamenu__link" data-drupal-link-system-path="node/139">Centre for Climate Finance &amp; Investment</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/research-centres/centre-digital-transformation/" class="megamenu__link" data-drupal-link-system-path="node/4945">Centre for Digital Transformation</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/research-centres/centre-financial-technology/" class="megamenu__link" data-drupal-link-system-path="node/365">Centre for Financial Technology</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/research-centres/centre-health-economics-policy-innovation/" class="megamenu__link" data-drupal-link-system-path="node/404">Centre for Health Economics &amp; Policy Innovation</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/research-centres/centre-responsible-leadership/" class="megamenu__link" data-drupal-link-system-path="node/4373">Centre for Responsible Leadership</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/research-centres/gandhi-centre-inclusive-innovation/" class="megamenu__link" data-drupal-link-system-path="node/520">Gandhi Centre for Inclusive Innovation</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/research-centres/imperial-business-design-studio/" class="megamenu__link" data-drupal-link-system-path="node/4122">Imperial Business Design Studio</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/research-centres/leonardo-centre-business-society/" class="megamenu__link" data-drupal-link-system-path="node/3571">Leonardo Centre on Business for Society</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/faculty-research/our-research/" class="megamenu__link" data-drupal-link-system-path="node/1906">Our Research</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/faculty-research/our-research/coronavirus-covid-19-related-research/" class="megamenu__link" data-drupal-link-system-path="node/4431">Coronavirus (COVID-19)-related research</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/phd/" class="megamenu__link" data-drupal-link-system-path="node/3081">Doctoral Programme</a> </li> <li class="megamenu__item"> <a href="/business-school/ib-knowledge/" class="megamenu__link" data-drupal-link-system-path="node/3454">IB Knowledge</a> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/our-research/research-impact/" class="megamenu__link" data-drupal-link-system-path="node/1911">Research impact</a> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/our-research/research-support/" class="megamenu__link" data-drupal-link-system-path="node/3368">Research Support</a> </li> <li class="megamenu__item"> <a href="/business-school/faculty-research/our-research/publications/" class="megamenu__link" data-drupal-link-system-path="node/6088">Publications</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> </ul> </li> </ul> </div> </li> <li class="megamenu__item js-has-megamenu"> <a href="/business-school/executive-education/" class="megamenu__link" data-drupal-link-system-path="node/1111">Executive Education</a> <div class="megamenu__container"> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/executive-education/apprenticeship-programmes/" class="megamenu__link" data-drupal-link-system-path="node/5418">Apprenticeship programmes</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/executive-education/apprenticeship-programmes/data-analytics/" class="megamenu__link" data-drupal-link-system-path="node/6382">Data &amp; Analytics</a> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/apprenticeship-programmes/healthcare/" class="megamenu__link" data-drupal-link-system-path="node/6398">Healthcare</a> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/apprenticeship-programmes/leadership/" class="megamenu__link" data-drupal-link-system-path="node/16">Leadership</a> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/executive-education/short-courses/" title="All categories" class="megamenu__link" data-drupal-link-system-path="node/2361">Short executive programmes</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/executive-education/technology-analytics-data/" title="Technology, analytics and data science" class="megamenu__link" data-drupal-link-system-path="node/2525">Technology &amp; Analytics</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/marketing-innovation-strategy/" title="Marketing, innovation &amp; strategy" class="megamenu__link" data-drupal-link-system-path="node/2529">Marketing &amp; Strategy</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/sustainability-climate/" class="megamenu__link" data-drupal-link-system-path="node/2569">Sustainability &amp; Climate</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/finance-economics/" title="Finance" class="megamenu__link" data-drupal-link-system-path="node/2447">Finance &amp; Economics</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/healthcare/" class="megamenu__link" data-drupal-link-system-path="node/6074">Healthcare</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/leadership/" class="megamenu__link" data-drupal-link-system-path="node/6075">Leadership</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/executive-education/custom-programmes/" class="megamenu__link" data-drupal-link-system-path="node/4308">Custom programmes</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/executive-education/custom-programmes/why-imperial/" class="megamenu__link" data-drupal-link-system-path="node/465">Why Imperial ?</a> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/custom-programmes/approach/" class="megamenu__link" data-drupal-link-system-path="node/5931">Our approach</a> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/contact-us/custom-programmes-enquiries/" class="megamenu__link" data-drupal-link-system-path="node/2574">Book a free consultation</a> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/custom-programmes/testimonials/" class="megamenu__link" data-drupal-link-system-path="node/4196">Testimonials</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item"> <a href="/business-school/executive-education/associate-alumni/" class="megamenu__link" data-drupal-link-system-path="node/5156">Associate Alumni</a> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/events/" class="megamenu__link" data-drupal-link-system-path="node/4282">Events &amp; webinars</a> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/faqs/" class="megamenu__link" data-drupal-link-system-path="node/3383">FAQs</a> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/about-us/" class="megamenu__link" data-drupal-link-system-path="node/2609">About us</a> </li> </ul> <div class="menu-ctas"> <a href="/business-school/executive-education/contact-us/" class="button button--cta "> Contact us </a> </div> </div> </li> <li class="megamenu__item megamenu__item--active-trail js-has-megamenu"> <a href="/business-school/ib-knowledge/" class="megamenu__link" data-drupal-link-system-path="node/3454">IB Knowledge</a> <div class="megamenu__container"> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/ib-knowledge/entrepreneurship-innovation/" class="megamenu__link" data-drupal-link-system-path="node/3411">Entrepreneurship &amp; Innovation</a> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted megamenu__item--active-trail"> <a href="/business-school/ib-knowledge/finance/" class="megamenu__link is-active" data-drupal-link-system-path="node/3412">Finance</a> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/ib-knowledge/technology/" class="megamenu__link" data-drupal-link-system-path="node/3416">Technology</a> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/ib-knowledge/management/" class="megamenu__link" data-drupal-link-system-path="node/3413">Management</a> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/ib-knowledge/marketing/" class="megamenu__link" data-drupal-link-system-path="node/3415">Marketing</a> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/ib-knowledge/health/" class="megamenu__link" data-drupal-link-system-path="node/3414">Health</a> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/ib-knowledge/strategy-leadership/" class="megamenu__link" data-drupal-link-system-path="node/3410">Strategy &amp; Leadership</a> </li> </ul> </div> </li> <li class="megamenu__item js-has-megamenu"> <a href="/business-school/alumni/" class="megamenu__link" data-drupal-link-system-path="node/3436">Alumni</a> <div class="megamenu__container"> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/alumni/stay-connected/" class="megamenu__link" data-drupal-link-system-path="node/22">Stay Connected</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/alumni/stay-connected/frequently-asked-questions/" class="megamenu__link" data-drupal-link-system-path="node/64">FAQs</a> </li> <li class="megamenu__item"> <a href="https://www.imperial.ac.uk/alumni/imperial-plexus/" class="megamenu__link">Alumni Log-In</a> </li> <li class="megamenu__item"> <a href="/business-school/alumni/advisory-board/" class="megamenu__link" data-drupal-link-system-path="node/23">Alumni Advisory Board</a> </li> <li class="megamenu__item"> <a href="/business-school/alumni/stay-connected/alumni-profiles/" class="megamenu__link" data-drupal-link-system-path="node/2463">Alumni Profiles</a> <ul class="menu megamenu__level-3" data-menu-level="3"> </ul> </li> <li class="megamenu__item"> <a href="/business-school/alumni/stay-connected/alumni-social-media-groups/" class="megamenu__link" data-drupal-link-system-path="node/38">Alumni Social Media Groups</a> </li> <li class="megamenu__item"> <a href="/business-school/alumni/stay-connected/business-directory/" class="megamenu__link" data-drupal-link-system-path="node/39">Alumni Business Directory</a> </li> <li class="megamenu__item"> <a href="/business-school/alumni/stay-connected/why-alumni-give/" class="megamenu__link" data-drupal-link-system-path="node/66">Why Alumni Give</a> </li> <li class="megamenu__item"> <a href="/business-school/alumni/stay-connected/magazines-and-enewsletters/" class="megamenu__link" data-drupal-link-system-path="node/40">Magazines &amp; eNewsletters</a> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/alumni/get-involved/" class="megamenu__link" data-drupal-link-system-path="node/42">Get Involved</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/alumni/get-involved/volunteering/" class="megamenu__link" data-drupal-link-system-path="node/43">Volunteering</a> </li> <li class="megamenu__item"> <a href="/business-school/corporate-relations/corporate-partnerships/" class="megamenu__link" data-drupal-link-system-path="node/53">Business Services</a> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/alumni/keep-learning/" class="megamenu__link" data-drupal-link-system-path="node/47">Keep Learning</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/alumni/keep-learning/professional-interest-networks/" class="megamenu__link" data-drupal-link-system-path="node/48">Professional Interest Networks</a> </li> <li class="megamenu__item"> <a href="/business-school/alumni/keep-learning/electives/" class="megamenu__link" data-drupal-link-system-path="node/49">Electives</a> </li> <li class="megamenu__item"> <a href="/business-school/alumni/keep-learning/professional-development-webinars/" class="megamenu__link" data-drupal-link-system-path="node/50">Professional Development Webinars</a> </li> <li class="megamenu__item"> <a href="/business-school/executive-education/" class="megamenu__link" data-drupal-link-system-path="node/1111">Executive Education</a> </li> </ul> </li> </ul> <ul class="menu megamenu__level-1" data-menu-level="1"> <li class="megamenu__item megamenu__item--highlighted"> <a href="/business-school/alumni/career-support/" class="megamenu__link" data-drupal-link-system-path="node/51">Career Support</a> <ul class="menu megamenu__level-2" data-menu-level="2"> <li class="megamenu__item"> <a href="/business-school/alumni/career-support/jobs-board/" class="megamenu__link" data-drupal-link-system-path="node/61">Jobs Board</a> </li> <li class="megamenu__item"> <a href="/business-school/alumni/career-support/student-services/" class="megamenu__link" data-drupal-link-system-path="node/63">Student Services</a> </li> </ul> </li> </ul> <div class="menu-ctas"> <a href="/business-school/giving/" class="button button--cta "> Donate to Imperial </a> <a href="https://imperial.eu.qualtrics.com/jfe/form/SV_5gsYbX2KlJQReCh?Q_JFE=qdg" class="button button--cta "> Update your details </a> </div> </div> </li> </ul> </nav> <div class="drawer-menu__wrapper"> <div class="drawer-menu__buttons"> <button type="button" disabled aria-label="Go back a level" class=" drawer-menu__back-link js-drawer-submenu-reset"> <i class="fa fa-arrow-left"></i> Menu </button> <button type="button" aria-label="Close menu" class="button button--header js-drawer-menu-toggle"><i class="fa fa-times js-drawer-menu-toggle"></i></button> </div> <nav class="drawer-menu" id="drawer-ajax-content"> </nav> </div> </div> </div> </div> </div> </div> </div> </header> <div id="page-header-wrapper" class="layout-page-header layout-container clearfix"> <div class="region region-breadcrumb"> <div class="region__outer"> <div class="region__inner"> <div id="block-icbs-breadcrumbs" class="block block-system block-system-breadcrumb-block block--"> <nav class="breadcrumb" aria-labelledby="system-breadcrumb"> <h2 id="system-breadcrumb" class="visually-hidden">Breadcrumb</h2> <ol> <li> <a href="/business-school/">Home</a> </li> <li> <a href="/business-school/ib-knowledge/">IB Knowledge</a> </li> <li> Finance </li> </ol> </nav> </div> </div> </div> </div> </div> <div class="region region-highlighted"> <div class="region__outer"> <div class="region__inner"> <div data-drupal-messages-fallback class="hidden"></div> </div> </div> </div> <main id="main-wrapper" class="layout-main-wrapper layout-container clearfix"> <div class="layout-main-wrapper--banner"></div> <div class="layout-main-wrapper--outer"> <div class="layout-main-wrapper--inner"> <div id="side" class="layout-side"> <section class="section page-header"> <div class="region region-page-header"> <div class="region__outer"> <div class="region__inner"> <div id="block-icbs-page-title" class="block block-core block-page-title-block block--"> <h1 class="page-title"><span class="field field--name-title field--type-string field--label-hidden">Finance</span> </h1> </div> </div> </div> </div> </section> <section class="section sidebar-first"> <div class="region region-sidebar-first"> <div class="region__outer"> <div class="region__inner"> <div id="block-icbs-sidebar-menu" class="block block-icbs-navigation block-sidebar-block block--"> <a href="/business-school/ib-knowledge/" class="parent-item">IB Knowledge</a> <ul class="menu"> <li class="menu-item"> <a href="/business-school/ib-knowledge/entrepreneurship-innovation/" data-drupal-link-system-path="node/3411">Entrepreneurship &amp; Innovation</a> </li> <li class="menu-item menu-item--active-trail"> <a href="/business-school/ib-knowledge/finance/" data-drupal-link-system-path="node/3412" class="is-active">Finance</a> </li> <li class="menu-item"> <a href="/business-school/ib-knowledge/technology/" data-drupal-link-system-path="node/3416">Technology</a> </li> <li class="menu-item"> <a href="/business-school/ib-knowledge/management/" data-drupal-link-system-path="node/3413">Management</a> </li> <li class="menu-item"> <a href="/business-school/ib-knowledge/marketing/" data-drupal-link-system-path="node/3415">Marketing</a> </li> <li class="menu-item"> <a href="/business-school/ib-knowledge/health/" data-drupal-link-system-path="node/3414">Health</a> </li> <li class="menu-item"> <a href="/business-school/ib-knowledge/strategy-leadership/" data-drupal-link-system-path="node/3410">Strategy &amp; Leadership</a> </li> </ul> </div> </div> </div> </div> </section> </div> <div id="main" class="layout-main"> <div id="content" class="column main-content"> <section class="section content"> <a id="main-content" tabindex="-1"></a> <div class="region region-content"> <div class="region__outer"> <div class="region__inner"> <div id="block-icbs-content" class="block block-system block-system-main-block block--"> <article class="node node--type-listing-page node--view-mode-full node--no-sidebar"> <div class="node__content"> <div class="node__content-top"> <div class="text-formatted field--name-introduction"> <p>We fuse innovative thinking with new technology to develop solutions to financial issues, such as generating a new set of perspectives on climate change policies and investments. Our research into the evolution of finance is sought by governments, policy-makers and business leaders worldwide. Let our world-class experts give you the ideas and confidence to make better financial decisions through the articles published on our forward-thinking knowledge hub.</p> </div> <div class="field field--name-content-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--listing paragraph--view-mode--default paragraph--margin"> <div class="paragraph--content"> <div class="field field--name-field-knowledge-listings field--type-viewsreference field--label-hidden field__item"><div class="views-element-container"><div class="view view-knowledge-listings view-id-knowledge_listings view-display-id-listing_stacked js-view-dom-id-03d9beb80144deb24f5bc587e9d1387931078501bf3f98c05112da8bd99c6f9d"> <div class="view-content"> <div class="listing-blocks listing-blocks--grid knowledge"> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance/climate-7-articles-solving-the-crisis/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-09/GettyImages-1327235197.webp?h=119335f7&amp;itok=ClHu1LNi 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2024-09/GettyImages-1327235197.webp?h=119335f7&amp;itok=dFYWkER0 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-09/GettyImages-1327235197.jpg?h=119335f7&amp;itok=ClHu1LNi 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2024-09/GettyImages-1327235197.jpg?h=119335f7&amp;itok=dFYWkER0 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-09/GettyImages-1327235197.jpg?h=119335f7&amp;itok=ClHu1LNi" width="560" height="448" alt="Illustration of businessman cutting image of CO2 footprint rising from a factory" /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance </div> <a href="/business-school/ib-knowledge/finance/climate-7-articles-solving-the-crisis/" rel="bookmark" aria-label="Read more about Climate: 7 articles on solving the crisis" class="button button--default c-card__title"> <h2>Climate: 7 articles on solving the crisis</h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Our researchers delve into the critical themes of climate change, such as sustainability, energy, and carbon credits. Join us as we explore some of our most popular climate-themed articles.</p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2024-09-20T12:00:00Z" class="datetime">20 September 2024</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance/climate-7-articles-solving-the-crisis/" rel="bookmark" aria-label="Read more about Climate: 7 articles on solving the crisis" class="link c-card__cta"> Read more </a> </div> </article> </div> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance/why-are-businesses-falling-short-climate-goals/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-07/Climate%20change%20and%20business.webp?h=f74f7594&amp;itok=3n5DOu8R 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2024-07/Climate%20change%20and%20business.webp?h=f74f7594&amp;itok=mTfV8OCw 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-07/Climate%20change%20and%20business.jpg?h=f74f7594&amp;itok=3n5DOu8R 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2024-07/Climate%20change%20and%20business.jpg?h=f74f7594&amp;itok=mTfV8OCw 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-07/Climate%20change%20and%20business.jpg?h=f74f7594&amp;itok=3n5DOu8R" width="560" height="448" alt="Businessman in atlas pose carrying green globe on his shoulder" /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance </div> <a href="/business-school/ib-knowledge/finance/why-are-businesses-falling-short-climate-goals/" rel="bookmark" aria-label="Read more about Why are businesses falling short on climate goals?" class="button button--default c-card__title"> <h2>Why are businesses falling short on climate goals?</h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Despite efforts to improve, large corporations are still playing a major role in the rise in global temperatures. Here, Professor of Finance Marcin Kacperczyk explores why. </p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Written by</h4> <div> <span><a href="/business-school/authors/mkacperc">Marcin Kacperczyk</a></span> </div> </div> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2024-07-23T12:00:00Z" class="datetime">23 July 2024</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance/why-are-businesses-falling-short-climate-goals/" rel="bookmark" aria-label="Read more about Why are businesses falling short on climate goals?" class="link c-card__cta"> Read more </a> </div> </article> </div> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance-strategy-leadership/do-carbon-markets-work/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-06/Carbon%20market_IB%20Knowledge.webp?h=89ad01f1&amp;itok=2-GQHool 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2024-06/Carbon%20market_IB%20Knowledge.webp?h=89ad01f1&amp;itok=YBcURKIb 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-06/Carbon%20market_IB%20Knowledge.jpg?h=89ad01f1&amp;itok=2-GQHool 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2024-06/Carbon%20market_IB%20Knowledge.jpg?h=89ad01f1&amp;itok=YBcURKIb 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-06/Carbon%20market_IB%20Knowledge.jpg?h=89ad01f1&amp;itok=2-GQHool" width="560" height="448" alt="Illustration of coal price and green energy" /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance, Strategy &amp; Leadership </div> <a href="/business-school/ib-knowledge/finance-strategy-leadership/do-carbon-markets-work/" rel="bookmark" aria-label="Read more about Do carbon markets work? " class="button button--default c-card__title"> <h2>Do carbon markets work? </h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>In 2005, the European Union created the world&#039;s first and largest market-based carbon policy. Here, we look at how it&#039;s going. </p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Written by</h4> <div> <span><a href="/business-school/authors/mmuuls">Mirabelle Muûls</a></span> </div> </div> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2024-06-07T12:00:00Z" class="datetime">7 June 2024</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance-strategy-leadership/do-carbon-markets-work/" rel="bookmark" aria-label="Read more about Do carbon markets work? " class="link c-card__cta"> Read more </a> </div> </article> </div> <div class="block-cta-block listing-block"> <div class="block block-block-content block-block-contentb5659187-bf3a-41ba-8dc1-3f85113e3ab6 block--"> <div class="field field--name-field-cta-title field--type-string field--label-hidden field__item">Monthly newsletter</div> <div class="field field--name-field-subtitle field--type-string field--label-hidden field__item">Receive the latest insights from Imperial College Business School</div> <a href="/business-school/sign-ib-knowledge/" class="button button--primary "> Sign up now </a> </div> </div> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance-strategy-leadership/how-alternative-finance-models-can-help-small-businesses/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-11/Simon%20Quinn.webp?h=aa81dfca&amp;itok=WNrKjVeU 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-11/Simon%20Quinn.webp?h=aa81dfca&amp;itok=qyk0KAye 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-11/Simon%20Quinn.jpg?h=aa81dfca&amp;itok=WNrKjVeU 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-11/Simon%20Quinn.jpg?h=aa81dfca&amp;itok=qyk0KAye 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-11/Simon%20Quinn.jpg?h=aa81dfca&amp;itok=WNrKjVeU" width="560" height="448" alt="Simon Quinn" /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance, Strategy &amp; Leadership </div> <a href="/business-school/ib-knowledge/finance-strategy-leadership/how-alternative-finance-models-can-help-small-businesses/" rel="bookmark" aria-label="Read more about How alternative finance models can help small businesses grow" class="button button--default c-card__title"> <h2>How alternative finance models can help small businesses grow</h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Many small businesses struggle to get the funding they desperately need to expand – particularly in low-income economies. But new research shows that larger loans for fixed asset purchases could help solve this widespread problem. </p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Written by</h4> <div> <span><a href="/business-school/authors/squinn">Simon Quinn</a></span> </div> </div> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2024-05-31T12:00:00Z" class="datetime">31 May 2024</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance-strategy-leadership/how-alternative-finance-models-can-help-small-businesses/" rel="bookmark" aria-label="Read more about How alternative finance models can help small businesses grow" class="link c-card__cta"> Read more </a> </div> </article> </div> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance/profile-professor-renata-kosova-women-academia-and-why-microeconomics-matters/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-01/Renata%20Kosova%20editorial.webp?h=7400917e&amp;itok=97NBj49P 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2024-01/Renata%20Kosova%20editorial.webp?h=7400917e&amp;itok=qc_eK8yn 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-01/Renata%20Kosova%20editorial.jpg?h=7400917e&amp;itok=97NBj49P 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2024-01/Renata%20Kosova%20editorial.jpg?h=7400917e&amp;itok=qc_eK8yn 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2024-01/Renata%20Kosova%20editorial.jpg?h=7400917e&amp;itok=97NBj49P" width="560" height="448" alt="Renata Kosova_editorial_2024" /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance </div> <a href="/business-school/ib-knowledge/finance/profile-professor-renata-kosova-women-academia-and-why-microeconomics-matters/" rel="bookmark" aria-label="Read more about Profile: Professor Renáta Kosová on women in academia and why microeconomics matters " class="button button--default c-card__title"> <h2>Profile: Professor Renáta Kosová on women in academia and why microeconomics matters </h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Professor Renáta Kosová tells us about her research in business economics and why it&#039;s key for academics to explain the world &quot;beyond abstract principles&quot; </p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2024-02-05T12:00:00Z" class="datetime">5 February 2024</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance/profile-professor-renata-kosova-women-academia-and-why-microeconomics-matters/" rel="bookmark" aria-label="Read more about Profile: Professor Renáta Kosová on women in academia and why microeconomics matters " class="link c-card__cta"> Read more </a> </div> </article> </div> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance/the-fifth-industrial-revolution-and-finance-insights-naveed-sultan/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-10/Naveed%20new%20headshot.webp?h=bffe2819&amp;itok=CAauxjTU 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-10/Naveed%20new%20headshot.webp?h=bffe2819&amp;itok=xdj01B08 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-10/Naveed%20new%20headshot.jpg?h=bffe2819&amp;itok=CAauxjTU 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-10/Naveed%20new%20headshot.jpg?h=bffe2819&amp;itok=xdj01B08 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-10/Naveed%20new%20headshot.jpg?h=bffe2819&amp;itok=CAauxjTU" width="560" height="448" alt="Naveed Sultan Headshot" /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance </div> <a href="/business-school/ib-knowledge/finance/the-fifth-industrial-revolution-and-finance-insights-naveed-sultan/" rel="bookmark" aria-label="Read more about The Fifth Industrial Revolution and finance: insights from Naveed Sultan" class="button button--default c-card__title"> <h2>The Fifth Industrial Revolution and finance: insights from Naveed Sultan</h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Business leaders need to incorporate digital transformation into strategy for effective technology-led change, says Naveed Sultan, Professor of Practice and former Chair of Citi’s Institutional Clients Group.</p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2024-01-22T12:00:00Z" class="datetime">22 January 2024</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance/the-fifth-industrial-revolution-and-finance-insights-naveed-sultan/" rel="bookmark" aria-label="Read more about The Fifth Industrial Revolution and finance: insights from Naveed Sultan" class="link c-card__cta"> Read more </a> </div> </article> </div> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance/why-businesses-should-take-humour-seriously/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-11/Humour%20and%20finance_IB%20Knowledge.webp?h=aa81dfca&amp;itok=JO1RdOUw 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-11/Humour%20and%20finance_IB%20Knowledge.webp?h=aa81dfca&amp;itok=4yJGl0ip 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-11/Humour%20and%20finance_IB%20Knowledge.jpg?h=aa81dfca&amp;itok=JO1RdOUw 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-11/Humour%20and%20finance_IB%20Knowledge.jpg?h=aa81dfca&amp;itok=4yJGl0ip 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-11/Humour%20and%20finance_IB%20Knowledge.jpg?h=aa81dfca&amp;itok=JO1RdOUw" width="560" height="448" alt="Illustration of money walking into a wallet " /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance </div> <a href="/business-school/ib-knowledge/finance/why-businesses-should-take-humour-seriously/" rel="bookmark" aria-label="Read more about Why businesses should take humour seriously " class="button button--default c-card__title"> <h2>Why businesses should take humour seriously </h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Getting a laugh out of people when the subject is finance is no easy task. But there are major benefits for businesses if they can use humour to their advantage.</p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Written by</h4> <div> <span><a href="/business-school/authors/ccustodi">Cláudia Custódio</a></span> </div> </div> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2023-11-02T12:00:00Z" class="datetime">2 November 2023</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance/why-businesses-should-take-humour-seriously/" rel="bookmark" aria-label="Read more about Why businesses should take humour seriously " class="link c-card__cta"> Read more </a> </div> </article> </div> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance/credit-ratings-where-they-come-and-why-they-matter/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2019-05/Cathcart-Lara.webp?h=c9b93936&amp;itok=ChlLm5YC 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2019-05/Cathcart-Lara.webp?h=c9b93936&amp;itok=oMGaiOxs 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2019-05/Cathcart-Lara.jpg?h=c9b93936&amp;itok=ChlLm5YC 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2019-05/Cathcart-Lara.jpg?h=c9b93936&amp;itok=oMGaiOxs 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2019-05/Cathcart-Lara.jpg?h=c9b93936&amp;itok=ChlLm5YC" width="560" height="448" alt="Lara Cathcart" /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance </div> <a href="/business-school/ib-knowledge/finance/credit-ratings-where-they-come-and-why-they-matter/" rel="bookmark" aria-label="Read more about Credit ratings: where they come from and why they matter" class="button button--default c-card__title"> <h2>Credit ratings: where they come from and why they matter</h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Credit ratings play an important role in converging opinion about the creditworthiness of financial instruments. New research explores how this role took shape by analysing the impact of the first rating system for bonds in the early 20th century.</p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Written by</h4> <div> <span><a href="/business-school/authors/lcathcart">Lara Cathcart</a></span> </div> </div> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2023-10-12T12:00:00Z" class="datetime">12 October 2023</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance/credit-ratings-where-they-come-and-why-they-matter/" rel="bookmark" aria-label="Read more about Credit ratings: where they come from and why they matter" class="link c-card__cta"> Read more </a> </div> </article> </div> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance/are-carbon-credits-worthless/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2022-12/Pernille_0.webp?h=a12bfa83&amp;itok=UYpvWCf6 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2022-12/Pernille_0.webp?h=a12bfa83&amp;itok=AUoaAMwc 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2022-12/Pernille_0.jpg?h=a12bfa83&amp;itok=UYpvWCf6 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2022-12/Pernille_0.jpg?h=a12bfa83&amp;itok=AUoaAMwc 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2022-12/Pernille_0.jpg?h=a12bfa83&amp;itok=UYpvWCf6" width="560" height="448" alt="Picture of Pernille Holtedahl wearing a white top and colourful scarf around her neck. " /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance </div> <a href="/business-school/ib-knowledge/finance/are-carbon-credits-worthless/" rel="bookmark" aria-label="Read more about Are carbon credits worthless?" class="button button--default c-card__title"> <h2>Are carbon credits worthless?</h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Over the past few years, the voluntary carbon market has been thriving. But is it saving the planet, or simply giving organisations the right to pollute?</p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Written by</h4> <div> <span><a href="/business-school/authors/pholtedahl">Pernille Holtedahl</a></span> </div> </div> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2023-09-25T12:00:00Z" class="datetime">25 September 2023</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance/are-carbon-credits-worthless/" rel="bookmark" aria-label="Read more about Are carbon credits worthless?" class="link c-card__cta"> Read more </a> </div> </article> </div> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance/what-sustainable-finance-and-why-does-it-matter/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2021-10/Marcin%20Kacperczyk.webp?h=aa81dfca&amp;itok=FaCkDgZ9 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2021-10/Marcin%20Kacperczyk.webp?h=aa81dfca&amp;itok=PW35tkUe 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2021-10/Marcin%20Kacperczyk.jpg?h=aa81dfca&amp;itok=FaCkDgZ9 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2021-10/Marcin%20Kacperczyk.jpg?h=aa81dfca&amp;itok=PW35tkUe 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2021-10/Marcin%20Kacperczyk.jpg?h=aa81dfca&amp;itok=FaCkDgZ9" width="560" height="448" alt="Marcin Kacperczyk" /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance </div> <a href="/business-school/ib-knowledge/finance/what-sustainable-finance-and-why-does-it-matter/" rel="bookmark" aria-label="Read more about What is sustainable finance and why does it matter?" class="button button--default c-card__title"> <h2>What is sustainable finance and why does it matter?</h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Investing for good is not only possible, but profitable. But how can you tell if your money is really making a difference? Learn from the experts about the challenges and opportunities of sustainable finance.</p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Written by</h4> <div> <span><a href="/business-school/authors/mkacperc">Marcin Kacperczyk</a></span> </div> </div> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2023-09-13T12:00:00Z" class="datetime">13 September 2023</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance/what-sustainable-finance-and-why-does-it-matter/" rel="bookmark" aria-label="Read more about What is sustainable finance and why does it matter?" class="link c-card__cta"> Read more </a> </div> </article> </div> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance/boomers-versus-millennials-new-perspective-generational-wealth-the-uk/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-09/GettyImages-621602090.webp?h=aa81dfca&amp;itok=EmFxUIcS 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-09/GettyImages-621602090.webp?h=aa81dfca&amp;itok=Ag3qJ-tm 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-09/GettyImages-621602090.jpg?h=aa81dfca&amp;itok=EmFxUIcS 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-09/GettyImages-621602090.jpg?h=aa81dfca&amp;itok=Ag3qJ-tm 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-09/GettyImages-621602090.jpg?h=aa81dfca&amp;itok=EmFxUIcS" width="560" height="448" alt="Generations of people stood atop the columns of a bar graph" /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance </div> <a href="/business-school/ib-knowledge/finance/boomers-versus-millennials-new-perspective-generational-wealth-the-uk/" rel="bookmark" aria-label="Read more about Boomers versus Millennials: a new perspective on generational wealth in the UK" class="button button--default c-card__title"> <h2>Boomers versus Millennials: a new perspective on generational wealth in the UK</h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>New research finds evidence that there is more solidarity between generations than the “Millennials versus Boomers” narrative would suggest.</p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Written by</h4> <div> <span><a href="/business-school/authors/jsefton">James Sefton</a></span> </div> </div> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2023-09-04T12:00:00Z" class="datetime">4 September 2023</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance/boomers-versus-millennials-new-perspective-generational-wealth-the-uk/" rel="bookmark" aria-label="Read more about Boomers versus Millennials: a new perspective on generational wealth in the UK" class="link c-card__cta"> Read more </a> </div> </article> </div> <div> <article class="c-card c-card--horizontal-wide "> <a href="/business-school/ib-knowledge/finance/ageing-populations-and-declining-birth-rates-are-they-really-such-catastrophe/" class="c-card__media " tabindex="-1"> <picture> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-07/Ageing%20populations.webp?h=aa81dfca&amp;itok=5MZerfnY 1x" media="all and (min-width: 840px)" type="image/webp" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-07/Ageing%20populations.webp?h=aa81dfca&amp;itok=-i2yrxHI 1x" media="all and (min-width: 0)" type="image/webp" width="560" height="315"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-07/Ageing%20populations.jpg?h=aa81dfca&amp;itok=5MZerfnY 1x" media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448"/> <source srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-07/Ageing%20populations.jpg?h=aa81dfca&amp;itok=-i2yrxHI 1x" media="all and (min-width: 0)" type="image/jpeg" width="560" height="315"/> <img loading="eager" src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-07/Ageing%20populations.jpg?h=aa81dfca&amp;itok=5MZerfnY" width="560" height="448" alt="Illustration of two elderly people watering a tree made of money" /> </picture> </a> <div class="c-card__content "> <div class="c-card__pretitle"> Finance </div> <a href="/business-school/ib-knowledge/finance/ageing-populations-and-declining-birth-rates-are-they-really-such-catastrophe/" rel="bookmark" aria-label="Read more about Ageing populations and declining birth rates: are they really such a catastrophe? " class="button button--default c-card__title"> <h2>Ageing populations and declining birth rates: are they really such a catastrophe? </h2> </a> <div class="text-formatted c-card__copy"> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Longer lives, coupled with a trend for richer countries to produce fewer children, has led to panic. But are these really things we should be worrying about?</p> </div> </div> </div> <div class="c-card__details"> <div class="c-card__detail c-card__detail-no-icon"> <span class="c-card__detail-value"><div class="key-info key-info--knowledge"> <div class="key-info__item"> <h4>Written by</h4> <div> <span><a href="/business-school/authors/dmiles">David Miles</a></span> </div> </div> <div class="key-info__item"> <h4>Published</h4> <div><time datetime="2023-08-01T12:00:00Z" class="datetime">1 August 2023</time> </div> </div> </div> </span> </div> </div> <a href="/business-school/ib-knowledge/finance/ageing-populations-and-declining-birth-rates-are-they-really-such-catastrophe/" rel="bookmark" aria-label="Read more about Ageing populations and declining birth rates: are they really such a catastrophe? " class="link c-card__cta"> Read more </a> </div> </article> </div> </div> </div> <nav class="c-pagination" aria-labelledby="pagination-heading"> <ul class="c-pagination__list c-pagination__list--prev js-pager__items"> </ul> <ul class="c-pagination__list js-pager__items"> <li class="c-pagination__item is-active"> <a href="?page=0" title="Current page" aria-current="page" aria-label="Current page">1</a> </li> <li class="c-pagination__item"> <a href="?page=1" title="Go to page 2" aria-label="Page">2</a> </li> <li class="c-pagination__item"> <a href="?page=2" title="Go to page 3" aria-label="Page">3</a> </li> <li class="c-pagination__item"> <a href="?page=3" title="Go to page 4" aria-label="Page">4</a> </li> <li class="c-pagination__item"> <a href="?page=4" title="Go to page 5" aria-label="Page">5</a> </li> <li class="c-pagination__item"> <a href="?page=5" title="Go to page 6" aria-label="Page">6</a> </li> <li class="c-pagination__item"> <a href="?page=6" title="Go to page 7" aria-label="Page">7</a> </li> </ul> <ul class="c-pagination__list c-pagination__list--next js-pager__items"> <li class="c-pagination__item c-pagination__item--next"> <a href="?page=1" title="Go to next page" rel="next" aria-label="Next page"> <span aria-hidden="true">Next ›</span> </a> </li> <li class="c-pagination__item c-pagination__item--last"> <a href="?page=6" title="Go to last page" aria-label="Last page"> <span aria-hidden="true">Last »</span> </a> </li> </ul> </nav> </div> </div> </div> </div> </div> </div> </div> </div> <div class="node__content-bottom"> <div class="field field--name-content-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="c-paragraph-cta paragraph paragraph--cta paragraph--view-mode--default paragraph--margin"> <div class="c-paragraph-cta__inner"> <h2>Monthly newsletter</h2> <p>Receive the latest insights from Imperial College Business School</p> <div class="c-paragraph-cta__links"> <a href="/business-school/sign-ib-knowledge/" class="button button--primary "> Sign up now </a> </div> </div> </div> </div> </div> </div> </div> </article> </div> </div> </div> </div> </section> </div> </div> </div> </div> </main> <div class="featured-bottom"> <aside class="layout-container clearfix" role="complementary"> </aside> </div> <footer id="footer" class="site-footer"> <div class="layout-container"> <div class="site-footer__top clearfix"> <div class="region region-footer-first"> <div class="region__outer"> <div class="region__inner"> <div class="c-footer-college-links block"> <div class="c-footer-college-links__link c-footer-college-links__link--logo"> <a href="/business-school/"> <img src="/business-school/themes/custom/icbs/images/icbs-logo-footer.png" alt="Imperial College Business School" loading="lazy"/> </a> </div> <div class="c-footer-college-links__link c-footer-college-links__link--text-logo"> <a href="https://imperial.ac.uk"> <img src="/business-school/themes/custom/icbs/images/ic-logo-footer.svg" alt="Imperial College London" loading="lazy"/> </a> </div> </div> <div class="c-footer-address block"> <h2>Find us</h2> <div class="c-footer-address__inner"> <h3>Imperial College Business School</h3> <address>Imperial College London, South Kensington Campus, London, SW7 2AZ, United Kingdom</address> </div> </div> <div id="block-footer-social-media" class="block-social-media-links block block-social-media-links-block block--"> <h2>Connect with us</h2> <div class="c-social-links "> <div class="c-social-link c-social-link--linkedin"> <a class="c-social-link__icon" href="https://www.linkedin.com/company/2661479" aria-label="LinkedIn"> <span class='icbs-fa fab fa-linkedin-in i-linkedin'></span> </a> </div> <div class="c-social-link c-social-link--twitter"> <a class="c-social-link__icon" href="https://www.twitter.com/ImperialBiz" aria-label="Twitter"> <span class='icbs-fa fab fa-x-twitter i-twitter'></span> </a> </div> <div class="c-social-link c-social-link--facebook"> <a class="c-social-link__icon" href="https://www.facebook.com/imperialbusiness" aria-label="Facebook"> <span class='icbs-fa fab fa-facebook-f i-facebook'></span> </a> </div> <div class="c-social-link c-social-link--instagram"> <a class="c-social-link__icon" href="https://www.instagram.com/imperialbiz" aria-label="Instagram"> <span class='icbs-fa fab fa-instagram i-instagram'></span> </a> </div> <div class="c-social-link c-social-link--youtube"> <a class="c-social-link__icon" href="https://www.youtube.com/user/ICBusinessSchool" aria-label="Youtube"> <span class='icbs-fa fab fa-youtube i-youtube'></span> </a> </div> <div class="c-social-link c-social-link--e-mail"> <a class="c-social-link__icon" href="mailto:info@icbs.biz" aria-label="E-Mail"> <span class='icbs-fa fas fa-envelope i-email'></span> </a> </div> </div> </div> <div class="c-footer-accreditations block"> <h2>Accreditations</h2> <div class="c-footer-accreditations__items"> <div class="c-footer-accreditations__item"> <img src="/business-school/themes/custom/icbs/images/accreditations/aacsb.png" alt="AACSB (Association to Advance Collegiate Schools of Business) accreditation" loading="lazy"/> </div> <div class="c-footer-accreditations__item"> <img src="/business-school/themes/custom/icbs/images/accreditations/amba.png" alt="AMBAs (Association of MBAs) accreditation" loading="lazy"/> </div> <div class="c-footer-accreditations__item"> <img src="/business-school/themes/custom/icbs/images/accreditations/athena.png" alt="Athena SWAN (Scientific Women&#039;s Academic Network) accreditation" loading="lazy"/> </div> <div class="c-footer-accreditations__item"> <img src="/business-school/themes/custom/icbs/images/accreditations/equis.png" alt="EFMD EQUIS (European Foundation for Management Development - Quality Improvement System) accreditation" loading="lazy"/> </div> </div> </div> </div> </div> </div> </div> <div class="site-footer__bottom"> <div class="region region-footer-second"> <div class="region__outer"> <div class="region__inner"> <div id="block-footercopyright" class="block block-icbs-globals block-footer-copyright block--"> <div class="footer-copyright">&copy; 2024 Imperial College London</div> </div> <nav role="navigation" aria-labelledby="block-icbs-footer-menu" id="block-icbs-footer" class="block block-menu navigation menu--footer"> <h2 class="visually-hidden" id="block-icbs-footer-menu">Footer menu</h2> <ul class="menu"> <li class="menu-item"> <a href="/business-school/sitemap" data-drupal-link-system-path="sitemap">Sitemap</a> </li> <li class="menu-item"> <a href="/business-school/glossary/" data-drupal-link-system-path="node/512">Glossary</a> </li> <li class="menu-item"> <a href="/business-school/accessibility/" data-drupal-link-system-path="node/3794">Accessibility</a> </li> <li class="menu-item"> <a href="https://www.imperial.ac.uk/about-the-site/privacy/">Privacy</a> </li> <li class="menu-item"> <a href="https://imperial.eu.qualtrics.com/jfe/form/SV_9Np7BJAXlkiHpid">Feedback</a> </li> <li class="menu-item"> <a href="/business-school/user/login" data-drupal-link-system-path="user/login">Login</a> </li> </ul> </nav> </div> </div> </div> </div> </div> </footer> </div> </div> </div> <script type="application/json" data-drupal-selector="drupal-settings-json">{"path":{"baseUrl":"\/business-school\/","scriptPath":null,"pathPrefix":"","currentPath":"node\/3412","currentPathIsAdmin":false,"isFront":false,"currentLanguage":"en"},"pluralDelimiter":"\u0003","suppressDeprecationErrors":true,"ajaxPageState":{"libraries":"ajax_loader\/ajax_loader.throbber,classy\/base,classy\/messages,classy\/node,core\/normalize,icbs\/card,icbs\/footer-accreditation,icbs\/footer-address,icbs\/footer-college-links,icbs\/global,icbs\/hoverintent,icbs\/link,icbs\/pagination,icbs\/paragraph-cta,icbs\/site-branding,icbs\/social-link,icbs\/social-links,icbs\/text,icbs_globals\/anchor_link_validator,icbs_globals\/iconset,icbs_globals\/ie_popup,icbs_globals\/options_search,paragraphs\/drupal.paragraphs.unpublished,social_media_links\/social_media_links.theme,system\/base,views\/views.ajax,views\/views.module","theme":"icbs","theme_token":null},"ajaxTrustedUrl":{"form_action_p_pvdeGsVG5zNF_XLGPTvYSKCf43t8qZYSwcfZl2uzM":true},"ajaxLoader":{"markup":"\u003Cdiv class=\u0022ajax-throbber sk-bounce\u0022\u003E\n \u003Cdiv class=\u0022sk-bounce-dot\u0022\u003E\u003C\/div\u003E\n \u003Cdiv class=\u0022sk-bounce-dot\u0022\u003E\u003C\/div\u003E\n \u003C\/div\u003E","hideAjaxMessage":true,"alwaysFullscreen":true,"throbberPosition":"body"},"breakpoints":{"icbs.xs":"all and (min-width: 0)","icbs.sm":"all and (min-width: 576px)","icbs.md":"all and (min-width: 840px)","icbs.lg":"all and (min-width: 1060px)","icbs.xl":"all and (min-width: 1240px)"},"views":{"ajax_path":"\/business-school\/views\/ajax","ajaxViews":{"views_dom_id:03d9beb80144deb24f5bc587e9d1387931078501bf3f98c05112da8bd99c6f9d":{"view_name":"knowledge_listings","view_display_id":"listing_stacked","view_args":"","view_path":"\/node\/3412","view_base_path":null,"view_dom_id":"03d9beb80144deb24f5bc587e9d1387931078501bf3f98c05112da8bd99c6f9d","pager_element":0,"viewsreference":{"data":{"knowledge_filters":{"844":"844"},"pager":"full","limit":"12"},"enabled_settings":{"centre":"centre","key_theme":"key_theme","key_topics":"key_topics","knowledge_filters":"knowledge_filters","limit":"limit","pager":"pager"},"parent_entity_type":"paragraph","parent_entity_id":"13205","parent_field_name":"field_knowledge_listings"}}}},"browserIs":"OTHERS","user":{"uid":0,"permissionsHash":"671422eabcf635a61b589f98456de3e2db12460cc83d549d70450ca609c95f1a"}}</script> <script src="/business-school/sites/default/files/js/js_EGicjp4VZTbZ0sBtWLSa-dtQos6BWrr2v-TPbPrB2eI.js?scope=footer&amp;delta=0&amp;language=en&amp;theme=icbs&amp;include=eJxlkVFywyAMRC9kmyMxAlSsFiNGktOkp69jO_XQ_DCa1bISD_iEuy8MCcXBVU82C4eAMihHguIXTAS-UP1S9y5tdlxw0IcaLi6A4hALqD66ekFVyKhDZEFXWRYo9IMDxaAuFw5QjvqD2VBGiFG2GQZGXPeOP1zqKHJVtMN-7DPum7wpfWJKsi3RaZFLwYzn9QYCWaDN6pKsDcp0KdNa2xoK6YzpiPjrjdHgkPaZN8Jvdfs5LZzWgp30BP0KyFSv97kIckYb3u0FrnI6Kc18Q6FqWK0HAjXOLPtv-NuGNYGx9BZuzznqFUHifIIiwzEI1EQ1_0OMvnFb2y84l9Lx"></script> <script src="/business-school/sites/default/files/js/js_27JvrF-3_McSzFGyqP-f9xa_AVwiaEg5HlHCxdHGjrY.js?scope=footer&amp;delta=1&amp;language=en&amp;theme=icbs&amp;include=eJxlkVFywyAMRC9kmyMxAlSsFiNGktOkp69jO_XQ_DCa1bISD_iEuy8MCcXBVU82C4eAMihHguIXTAS-UP1S9y5tdlxw0IcaLi6A4hALqD66ekFVyKhDZEFXWRYo9IMDxaAuFw5QjvqD2VBGiFG2GQZGXPeOP1zqKHJVtMN-7DPum7wpfWJKsi3RaZFLwYzn9QYCWaDN6pKsDcp0KdNa2xoK6YzpiPjrjdHgkPaZN8Jvdfs5LZzWgp30BP0KyFSv97kIckYb3u0FrnI6Kc18Q6FqWK0HAjXOLPtv-NuGNYGx9BZuzznqFUHifIIiwzEI1EQ1_0OMvnFb2y84l9Lx"></script> <!-- Start UniBuddy --> <!-- End Unibuddy --> <!-- Start of HubSpot Embed Code --> <script id="hs-script-loader" async defer src="//js.hs-scripts.com/5653437.js"></script> <!-- End of HubSpot Embed Code --> <!-- Hotjar Tracking Code for https://www.imperial.ac.uk/business-school/ --> <script> (function(h,o,t,j,a,r){ h.hj=h.hj||function(){(h.hj.q=h.hj.q||[]).push(arguments)}; h._hjSettings={hjid:3070969,hjsv:6}; a=o.getElementsByTagName('head')[0]; r=o.createElement('script');r.async=1; r.src=t+h._hjSettings.hjid+j+h._hjSettings.hjsv; a.appendChild(r); })(window,document,'https://static.hotjar.com/c/hotjar-','.js?sv='); </script> <!-- End of Hotjar Tracking Code for https://www.imperial.ac.uk/business-school/ --> </js-bottom-placeholder> <script type="text/javascript">window.NREUM||(NREUM={});NREUM.info={"beacon":"bam.nr-data.net","licenseKey":"NRJS-dc31a2b6da7019ef036","applicationID":"1036991138","transactionName":"YlBQMkBXCxJSVBIMDVsacwVGXwoPHHMUEBJUWW4IXVIAPXBYCBEQWlleA0BqKw5XUjAMB0J2XQhGRAoNX1IUSFxDXFcR","queueTime":0,"applicationTime":2089,"atts":"ThdTRAhNGBw=","errorBeacon":"bam.nr-data.net","agent":""}</script></body> </html>

Pages: 1 2 3 4 5 6 7 8 9 10