Outputs (48)

The price, quality and distribution of mortgage payment protection insurance: a hedonic pricing approach (2016)
Journal Article
Ashton, J. K., & Hudson, R. S. (2017). The price, quality and distribution of mortgage payment protection insurance: a hedonic pricing approach. The British accounting review, 49(2), 242-255. https://doi.org/10.1016/j.bar.2016.07.003

Mortgage payment protection insurance (hereafter MPPI) provides varying combinations of accident, sickness and unemployment insurance and is used to protect the mortgage payments of policyholders in the event of a fall in income. Despite alleviating... Read More about The price, quality and distribution of mortgage payment protection insurance: a hedonic pricing approach.

The effect of size on the failure probabilities of SMEs : an empirical study on the US market using discrete hazard model (2015)
Journal Article
El Kalak, I., & Hudson, R. (2016). The effect of size on the failure probabilities of SMEs : an empirical study on the US market using discrete hazard model. International review of financial analysis, 43(January), 135-145. https://doi.org/10.1016/j.irfa.2015.11.009

This paper investigates the extent to which the size affects the SME probabilities of bankruptcy. Using a dataset of (11,117) US non-financial firms, of which (465) filed for insolvency under chapters 7/11 between 1980 and 2013. We forecast the bankr... Read More about The effect of size on the failure probabilities of SMEs : an empirical study on the US market using discrete hazard model.

Do house prices overreact to relevant information? New evidence from the UK housing market (2015)
Journal Article
Hudson, R., Manahov, V., Metcalf, H., & Zhang, H. (in press). Do house prices overreact to relevant information? New evidence from the UK housing market. Investment management & financial innovations, 12(3), 33-46

We use recent panel data and various empirical models to investigate the validity of the irrational expectations hypothesis and the feedback theory in the UK housing market. We provide the first empirical evidence to justify the statistically signifi... Read More about Do house prices overreact to relevant information? New evidence from the UK housing market.

Investor sentiment and local bias in extreme circumstances: the case of the Blitz (2015)
Journal Article
Urquhart, A., & Hudson, R. (2016). Investor sentiment and local bias in extreme circumstances: the case of the Blitz. Research in international business and finance, 36(January), 340-350. https://doi.org/10.1016/j.ribaf.2015.09.010

© 2015 Elsevier B.V. This paper treats the Blitz, the bombing of Britain during World War Two, as a natural experiment which can provide insights into the effects of investor sentiment on stock returns. The period of the Blitz is very interesting in... Read More about Investor sentiment and local bias in extreme circumstances: the case of the Blitz.

Which heuristics can aid financial-decision-making? (2015)
Journal Article
Forbes, W., Hudson, R., Skerratt, L., & Soufian, M. (2015). Which heuristics can aid financial-decision-making?. International review of financial analysis, 42(December), 199-210. https://doi.org/10.1016/j.irfa.2015.07.002

© 2015 Elsevier Inc. We evaluate the contribution of Nobel Prize-winner Daniel Kahneman, often in association with his late co-author Amos Tversky, to the development of our understanding of financial decision-making and the evolution of behavioural... Read More about Which heuristics can aid financial-decision-making?.

Identification of house price bubbles using user cost in a state space model (2015)
Journal Article
Zhang, H., Hudson, R., Metcalf, H., & Manahov, V. (2015). Identification of house price bubbles using user cost in a state space model. Applied economics, 47(56), 6088-6101. https://doi.org/10.1080/00036846.2015.1064078

© 2015 Taylor & Francis. This article studies how much variation in house prices results from nonfundamental factors. We propose a relative valuation approach to quantifying a bubble in housing by incorporating the housing User Cost into a state sp... Read More about Identification of house price bubbles using user cost in a state space model.

The benefits of combining seasonal anomalies and technical trading rules (2015)
Journal Article
Gebka, B., Hudson, R. S., & Atanasova, C. V. (2015). The benefits of combining seasonal anomalies and technical trading rules. Finance research letters, 14, 36-44. https://doi.org/10.1016/j.frl.2015.06.001

Although many seasonal anomalies and technical trading rules have been shown to have predictive ability, investigations have focused only on them operating individually. We study the benefits of trading based on combinations of three of the best know... Read More about The benefits of combining seasonal anomalies and technical trading rules.

How exactly do markets adapt? Evidence from the moving average rule in three developed markets (2015)
Journal Article
Urquhart, A., Gebka, B., & Hudson, R. (2015). How exactly do markets adapt? Evidence from the moving average rule in three developed markets. Journal of International Financial Markets, Institutions and Money, 38, 127-147. https://doi.org/10.1016/j.intfin.2015.05.019

The seminal study by Brock, Lakonishok and LeBaron (1992) (BLL hereafter) found that the moving average rule had strong predictive power over 90 years in the DJIA, and this result was confirmed by Hudson et al. (1996) for the FT30 in the UK and Chen... Read More about How exactly do markets adapt? Evidence from the moving average rule in three developed markets.

War and stock markets: The effect of World War Two on the British stock market (2015)
Journal Article
Hudson, R., & Urquhart, A. (2015). War and stock markets: The effect of World War Two on the British stock market. International review of financial analysis, 40(July), 166-177. https://doi.org/10.1016/j.irfa.2015.05.015

© 2015 Elsevier Inc. All rights reserved. This paper studies the effect of World War Two (WWII) on the British stock market. It contributes to the literature in several ways. First, this paper thoroughly investigates the impact of historically major... Read More about War and stock markets: The effect of World War Two on the British stock market.

The influence of product age on pricing decisions: An examination of bank deposit interest rate setting (2014)
Journal Article
Anderson, R. D., Ashton, J. K., & Hudson, R. S. (2014). The influence of product age on pricing decisions: An examination of bank deposit interest rate setting. Journal of International Financial Markets, Institutions and Money, 31, 216-230. https://doi.org/10.1016/j.intfin.2014.03.010

Do banks extract rent from depositors who hold older deposit accounts? This study addresses this question using product level data from the UK instant access (branch based) deposit market. In this context, two research questions related to the condit... Read More about The influence of product age on pricing decisions: An examination of bank deposit interest rate setting.