Outputs (611)

Advertising Benefits from Ethical Artificial Intelligence Algorithmic Purchase Decision Pathways (2022)
Journal Article
Rodgers, W., & Nguyen, T. (2022). Advertising Benefits from Ethical Artificial Intelligence Algorithmic Purchase Decision Pathways. Journal of Business Ethics, https://doi.org/10.1007/s10551-022-05048-7

Artificial intelligence (AI) has dramatically changed the way organizations communicate, understand, and interact with their potential consumers. In the context of this trend, the ethical considerations of advertising when applying AI should be the c... Read More about Advertising Benefits from Ethical Artificial Intelligence Algorithmic Purchase Decision Pathways.

How female directors help firms to attain optimal cash holdings (2022)
Journal Article
Tosun, O. K., El Kalak, I., & Hudson, R. (2022). How female directors help firms to attain optimal cash holdings. International review of financial analysis, 80, Article 102034. https://doi.org/10.1016/j.irfa.2022.102034

Is female board representation helpful for firms attaining optimal cash holdings? We address this question using data on 1163 US-listed firms for 2000‐–2017. We show that if there are more female directors on firm boards, ceteris paribus, there is no... Read More about How female directors help firms to attain optimal cash holdings.

Innovation and efficiency in financial institutions (2022)
Journal Article
Sena, V., Kenjegaliev, A., & Kenjegalieva, A. (2022). Innovation and efficiency in financial institutions. Frontiers in Research Metrics and Analytics, 7, Article 805116. https://doi.org/10.3389/frma.2022.805116

This paper proposes a new methodology that combines standard production theory with Multiple-Criteria Decision Analysis (MCDA) methods to rank banks based on their capability of using investment in new technologies to reduce the other inputs' usage,... Read More about Innovation and efficiency in financial institutions.

ESG complementarities in the US economy (2022)
Journal Article
Duygun, M., Hall, S., Kenjegalieva, A., & Kenjegaliev, A. (2022). ESG complementarities in the US economy. The European journal of finance, https://doi.org/10.1080/1351847X.2022.2157300

This paper investigates ESG from the perspective of changes in input elasticities of substitution and complementarity. Rather than compute these elasticities from the cost function, we compute them from the Input Distance Function (IDF). Our data are... Read More about ESG complementarities in the US economy.

CO2 Emissions, Economic Growth, and Energy Consumption in G7 and BRICS Countries (2021)
Journal Article
Bhattarai, K., & Brind, B. (2021). CO2 Emissions, Economic Growth, and Energy Consumption in G7 and BRICS Countries. Journal of Development Economics and Finance, 2(2),

This research set out to investigate whether economic growth has an impact on CO 2 emissions in G7 and BRICS countries, and whether the Paris Agreement has been effective in respect to CO 2 emissions by successfully analysing each of the five null hy... Read More about CO2 Emissions, Economic Growth, and Energy Consumption in G7 and BRICS Countries.

How state ownership affects corporate R&D: An inverted‐U‐shaped relationship (2021)
Journal Article
Fu, T., Jian, Z., & Li, Y. (in press). How state ownership affects corporate R&D: An inverted‐U‐shaped relationship. International journal of finance & economics : IJFE, https://doi.org/10.1002/ijfe.2589

The existing literature provides mixed evidence about the effect of state ownership on corporate research and development (R&D). As this article hypothesizes, state ownership has a positive institutional effect on the investment environment for R&D a... Read More about How state ownership affects corporate R&D: An inverted‐U‐shaped relationship.

What Can Explain Momentum? Evidence from Decomposition (2021)
Journal Article
Guo, J., Li, P., & Li, Y. (2022). What Can Explain Momentum? Evidence from Decomposition. Management Science, 68(8), 6184-6218. https://doi.org/10.1287/mnsc.2021.4135

This study comprehensively evaluates and ranks a large number of competing explanations for the momentum anomaly. As a benchmark for evaluation, firm fundamentals are found to be the most promising among well-known explanations of momentum, followed... Read More about What Can Explain Momentum? Evidence from Decomposition.

Short-run disequilibrium adjustment and long-run equilibrium in the international stock markets: A network-based approach (2021)
Journal Article
Chen, Y., Li, Y., Pantelous, A. A., & Stanley, H. E. (2022). Short-run disequilibrium adjustment and long-run equilibrium in the international stock markets: A network-based approach. International review of financial analysis, 79, Article 102002. https://doi.org/10.1016/j.irfa.2021.102002

In this paper, we propose a network-based analytical framework that exploits cointegration and the error correction model to systematically investigate the directions and intensities in terms of the short-run disequilibrium adjustment towards long-ru... Read More about Short-run disequilibrium adjustment and long-run equilibrium in the international stock markets: A network-based approach.

Shunned stocks and market states (2021)
Journal Article
Han, X., Li, Y., & Onishchenko, O. (in press). Shunned stocks and market states. The European journal of finance, https://doi.org/10.1080/1351847X.2021.2015699

Hong and Kacperczyk (2009, The price of sin: The effects of social norms on markets. Journal of Financial Economics 93(1), 15–36) document that ‘sin stocks’ (alcohol, tobacco, and gambling) earn relatively high returns on a risk-adjusted basis. We re... Read More about Shunned stocks and market states.

Cultural diversity and borrowers’ behavior: evidence from peer-to-peer lending (2021)
Journal Article
Chen, Z., Jin, M., Andrikopoulos, A., & Li, Y. (in press). Cultural diversity and borrowers’ behavior: evidence from peer-to-peer lending. The European journal of finance, 1-25. https://doi.org/10.1080/1351847X.2021.2007496

We study cultural diversity and borrowers’ behavior using data from peer-to-peer lending platform Renrendai. We proxy cultural diversity with the Linguistic Diversity Index, measured by the population-weighted number of dialects spoken in a region, a... Read More about Cultural diversity and borrowers’ behavior: evidence from peer-to-peer lending.