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Stock liquidity and SMEs’ likelihood of bankruptcy: evidence from the US market (2017)
Journal Article
El Kalak, I., Azevedo, A., Hudson, R., & Abd Karim, M. (2017). Stock liquidity and SMEs’ likelihood of bankruptcy: evidence from the US market. Research in international business and finance, 42, 1383-1393. https://doi.org/10.1016/j.ribaf.2017.07.077

We study the association between the stock liquidity of SMEs in the US and their likelihood of bankruptcy, using a dataset that comprises information on 5075 firms over the time period from 1984 to 2013 using the hazard model of Campbell et al. (2008... Read More about Stock liquidity and SMEs’ likelihood of bankruptcy: evidence from the US market.

The adaptiveness in stock markets: testing the stylized facts in the DAX 30 (2017)
Journal Article
He, X. Z., & Li, Y. (2017). The adaptiveness in stock markets: testing the stylized facts in the DAX 30. Journal of Evolutionary Economics, 27(5), 1071-1094. https://doi.org/10.1007/s00191-017-0505-9

By testing a simple asset pricing model of heterogeneous agents to characterize the power-law behavior of the DAX 30 from 1975 to 2007, we provide supporting evidence on empirical findings that investors and fund managers use combinations of fixed an... Read More about The adaptiveness in stock markets: testing the stylized facts in the DAX 30.

CEO turnover in large banks : does tail risk matter? (2017)
Journal Article
Srivastav, A., Keasey, K., Mollah, S., & Vallascas, F. (2017). CEO turnover in large banks : does tail risk matter?. Journal of Accounting and Economics, 64(1), 37-55. https://doi.org/10.1016/j.jacceco.2017.05.001

Using a unique international dataset, we show that the CEOs of large banks exhibit an increased probability of forced turnover when their organizations are more exposed to idiosyncratic tail risks. The importance of idiosyncratic tail risk in CEO dis... Read More about CEO turnover in large banks : does tail risk matter?.

The intergenerational transmission of education : new evidence from adoptions in the United States (2017)
Journal Article
Silles, M. A. (2017). The intergenerational transmission of education : new evidence from adoptions in the United States. Economica, 84(336), 748-778. https://doi.org/10.1111/ecca.12240

This article examines the influence of parental education on children’s grade-for-age using a large sample of adoptees drawn from the American Community Survey between 2008 and 2014. The results show that mother’s education is not an important determ... Read More about The intergenerational transmission of education : new evidence from adoptions in the United States.

Dynamic CGE model of the Chinese economy for fiscal and financial policy analysis (2017)
Journal Article
Bhattarai, K. (2017). Dynamic CGE model of the Chinese economy for fiscal and financial policy analysis. USA-China business review, 16(4), 141-164. https://doi.org/10.17265/1537-1514/2017.04.001

China is to become the largest economy in the world by 2020 according to the IMF forecasts. Annual growth rates of output remained around 9.3 percent on average during 1980 to 2015. It was made possible by the accumulation capital with steady flows o... Read More about Dynamic CGE model of the Chinese economy for fiscal and financial policy analysis.

Stock predictability and preceding stock price changes - Evidence from central and Eastern European markets (2017)
Journal Article
Ison, L., & Hudson, R. (2017). Stock predictability and preceding stock price changes - Evidence from central and Eastern European markets. Economics Bulletin, 37(2), 733-740

This paper extends the empirical evidence on stock returns after preceding price innovations using data from Central and Eastern European (CEE) markets. In contrast to many previous papers, we find no evidence of either overreaction effects or ration... Read More about Stock predictability and preceding stock price changes - Evidence from central and Eastern European markets.

Can investor sentiment be a momentum time-series predictor? Evidence from China (2017)
Journal Article
Han, X., & Li, Y. (2017). Can investor sentiment be a momentum time-series predictor? Evidence from China. Journal of Empirical Finance, 42, 212-239. https://doi.org/10.1016/j.jempfin.2017.04.001

This paper challenges the prevailing view that investor sentiment is a contrarian predictor of market returns at nearly all horizons. As an important piece of "out-of-sample" evidence, we document that investor sentiment in China is a reliable moment... Read More about Can investor sentiment be a momentum time-series predictor? Evidence from China.

“And DPSIR begat DAPSI(W)R(M)!” - A unifying framework for marine environmental management (2017)
Journal Article
Elliott, M., Burdon, D., Atkins, J., Borja, A., Cormier, R., de Jonge, V., & Turner, R. (2017). “And DPSIR begat DAPSI(W)R(M)!” - A unifying framework for marine environmental management. Marine pollution bulletin, 118(1-2), 27-40. https://doi.org/10.1016/j.marpolbul.2017.03.049

The marine environment is a complex system formed by interactions between ecological structure and functioning, physico-chemical processes and socio-economic systems. An increase in competing marine uses and users requires a holistic approach to mari... Read More about “And DPSIR begat DAPSI(W)R(M)!” - A unifying framework for marine environmental management.

Simulating corporate income tax reform proposals with a dynamic CGE model (2017)
Journal Article
Bhattarai, K., Haughton, J., Head, M., & Tuerck, D. G. (2017). Simulating corporate income tax reform proposals with a dynamic CGE model. International Journal of Economics and Finance, 9(5), 20-35. https://doi.org/10.5539/ijef.v9n5p20

Opinion leaders and policy makers in the United States have turned their focus to the corporate income tax, which now has the highest statutory rate in the developed world. Using a dynamic computable general equilibrium model (the “NCPA-DCGE Model”),... Read More about Simulating corporate income tax reform proposals with a dynamic CGE model.

Combining Experiential and Conceptual Learning in Accounting Education: A Review with Implications (2017)
Journal Article
Rodgers, W., Simon, J., & Gabrielsson, J. (2017). Combining Experiential and Conceptual Learning in Accounting Education: A Review with Implications. Management Learning, 48(2), 187-205. https://doi.org/10.1177/1350507616669479

Within accounting education, both conceptual and experiential learning have been important learning approaches. However, while experiential learning has been extensively studied in accounting education, the critical role of conceptual learning has re... Read More about Combining Experiential and Conceptual Learning in Accounting Education: A Review with Implications.