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Equity market contagion during global financial and Eurozone crises : evidence from a dynamic correlation analysis (2016)
Journal Article
Mollah, S., Quoreshi, A. M. M. S., & Zafirov, G. (2016). Equity market contagion during global financial and Eurozone crises : evidence from a dynamic correlation analysis. Journal of International Financial Markets, Institutions and Money, 41, 151-167. https://doi.org/10.1016/j.intfin.2015.12.010

The devastation resulting from the recent global financial and Eurozone crises is immense. Most researchers commonly believe that the global financial crisis originated in the United States, and spread immediately to global financial hubs where it ev... Read More about Equity market contagion during global financial and Eurozone crises : evidence from a dynamic correlation analysis.

Do rating grades convey important information: German evidence? (2016)
Journal Article
Kenjegaliev, A., Duygun, M., & Mamedshakhova, D. (2016). Do rating grades convey important information: German evidence?. Economic modelling, 53, 334-344. https://doi.org/10.1016/j.econmod.2015.11.021

© 2015 Elsevier B.V. In this paper we investigate the impact of credit rating changes on German stock market. We evaluate daily abnormal stock returns of companies listed on the Frankfurt Stock Exchange (HDAX). Rating upgrades and downgrades are made... Read More about Do rating grades convey important information: German evidence?.

Is there club convergence in Latin America? (2016)
Journal Article
King, A., & Ramlogan-Dobson, C. (2016). Is there club convergence in Latin America?. Empirical economics, 51(3), 1011-1031. https://doi.org/10.1007/s00181-015-1040-x

Previous studies of the income convergence hypothesis for Latin American economies indicate that almost all are not systematically closing their income gap with developed nations. The few studies to consider whether they instead exhibit club converge... Read More about Is there club convergence in Latin America?.

Integrating methods for ecosystem service assessment and valuation: mixed methods or mixed messages? (2015)
Journal Article
Hattam, C., Böhnke-Henrichs, A., Börger, T., Burdon, D., Hadjimichael, M., Delaney, A., …Austen, M. C. (2015). Integrating methods for ecosystem service assessment and valuation: mixed methods or mixed messages?. Ecological economics : the journal of the International Society for Ecological Economics, 120, 126-138. https://doi.org/10.1016/j.ecolecon.2015.10.011

A mixed-method approach was used to assess and value the ecosystem services derived from the Dogger Bank, an extensive shallow sandbank in the southern North Sea. Three parallel studies were undertaken that 1) identified and quantified, where possibl... Read More about Integrating methods for ecosystem service assessment and valuation: mixed methods or mixed messages?.

Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK (2015)
Journal Article
Ali, A., Akbar, S., & Ormrod, P. (2016). Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK. Accounting Forum, 40(1), 45-62. https://doi.org/10.1016/j.accfor.2015.12.001

© 2015 Elsevier Ltd. This study examines the extent to which the change from UK GAAP to IFRS has affected companies listed on the Alternative Investment Market (AIM) in the UK. The results suggest that, on average, profit reported under IFRS is highe... Read More about Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK.

Liquidity and market efficiency in the world's largest carbon market (2015)
Journal Article
Ibikunle, G., Gregoriou, A., Hoepner, A. G. F., & Rhodes, M. (2016). Liquidity and market efficiency in the world's largest carbon market. The British accounting review, 48(4), 431-447. https://doi.org/10.1016/j.bar.2015.11.001

We investigate liquidity and market efficiency on the world's largest carbon exchange, IntercontinentalExchange Inc.’s European Climate Exchange (ECX), by using intraday short-horizon return predictability as an inverse indicator of market efficiency... Read More about Liquidity and market efficiency in the world's largest carbon market.

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.

Measuring performance of non-profit organisations: evidence from large charities (2015)
Journal Article
Boateng, A., Akamavi, R. K., & Ndoro, G. (2016). Measuring performance of non-profit organisations: evidence from large charities. Business ethics : a European review, 25(1), 59-74. https://doi.org/10.1111/beer.12108

How to measure performance in charitable organisations continues to excite interest among academics and practitioners. Despite the intellectual interest, little consensus has emerged as to what are the best measures of performance in charities. This... Read More about Measuring performance of non-profit organisations: evidence from large charities.

From one to many central plans: drug advertising inspections and intra-national protectionism in China (2015)
Journal Article
Eberhardt, M., Wang, Z., & Yu, Z. (2016). From one to many central plans: drug advertising inspections and intra-national protectionism in China. Journal of comparative economics, 44(3), 608-622. https://doi.org/10.1016/j.jce.2015.10.012

This paper provides the first micro-level evidence for the existence and patterns of intra-national protectionism in China. We demonstrate that drug advertising inspections are used by provincial governments to discriminate against firms from outside... Read More about From one to many central plans: drug advertising inspections and intra-national protectionism in China.

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.