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A decision making framework for joint replenishment and delivery scheduling problems under mixed uncertainty (2023)
Journal Article
Wang, G., Zhou, J., Pantelous, A. A., Liu, Y., & Li, Y. (2024). A decision making framework for joint replenishment and delivery scheduling problems under mixed uncertainty. Computers and Industrial Engineering, 187, Article 109835. https://doi.org/10.1016/j.cie.2023.109835

Concerning the essence of risk, a joint replenishment and delivery scheduling problem with fuzzy cost-related parameters and random number of imperfect quality items is developed to make it suitable for the inherent uncertainties of procurement-shipm... Read More about A decision making framework for joint replenishment and delivery scheduling problems under mixed uncertainty.

Using mixed methods in logistics and supply chain management research: current state and future directions (2023)
Journal Article
Grant, D. B., Shaw, S., Sweeney, E., Bahr, W., Chaisurayakarn, S., & Evangelista, P. (2023). Using mixed methods in logistics and supply chain management research: current state and future directions. The international journal of logistics management, 34(7), 177-198. https://doi.org/10.1108/IJLM-04-2023-0156

Purpose: Mixed methods research is useful to enhance theoretical and practical research contributions. However, single methods have predominated much logistics and supply chain management (LSCM) research. This paper presents a review of mixed methods... Read More about Using mixed methods in logistics and supply chain management research: current state and future directions.

CSR performance and firm idiosyncratic risk in a data-rich environment: The role of retail investor attention (2023)
Journal Article
He, F., Liu, G., Hao, J., & Li, Y. (2023). CSR performance and firm idiosyncratic risk in a data-rich environment: The role of retail investor attention. Journal of International Financial Markets, Institutions and Money, 89, Article 101877. https://doi.org/10.1016/j.intfin.2023.101877

In the Chinese stock market, there are many retail investors who focus on short-term profits and may consider corporate social responsibility (CSR) differently from institutional investors. We find that CSR significantly reduces firms’ idiosyncratic... Read More about CSR performance and firm idiosyncratic risk in a data-rich environment: The role of retail investor attention.

Do green bonds affect stock returns and corporate environmental performance? Evidence from China (2023)
Journal Article
Fan, R., Xiong, X., Li, Y., & Gao, Y. (2023). Do green bonds affect stock returns and corporate environmental performance? Evidence from China. Economics letters, 232, Article 111322. https://doi.org/10.1016/j.econlet.2023.111322

We reveal the positive short-term stock market reaction to the announcement of green bond issuance, which does not exist for factual green bonds. For long-term performance, green bond issuance promotes corporate environmental information disclosure a... Read More about Do green bonds affect stock returns and corporate environmental performance? Evidence from China.

Commodity market financialization, herding and signals: An asymmetric GARCH R-vine copula approach (2023)
Journal Article
Xiao, Q., Zhang, D., & Yan, M. (2023). Commodity market financialization, herding and signals: An asymmetric GARCH R-vine copula approach. International review of financial analysis, 89, Article 102743. https://doi.org/10.1016/j.irfa.2023.102743

Institutional investors have significantly increased their exposure to commodity futures after 2004 in the process of commodity market financialization, raising questions about the risk-sharing and
price-discovery functions of the market. We identi... Read More about Commodity market financialization, herding and signals: An asymmetric GARCH R-vine copula approach.

Can market information outperform hard and soft information in predicting corporate defaults? (2023)
Journal Article
Filomeni, S., Bose, U., Megaritis, A., & Triantafyllou, A. (2024). Can market information outperform hard and soft information in predicting corporate defaults?. International journal of finance & economics : IJFE, 29(3), 3567-3592. https://doi.org/10.1002/ijfe.2840

Recent evidence has shown that hybrid models for credit ratings are important when assessing the risk of firms. Within this stream of literature, we aim to provide novel evidence on how hard (quantitative), soft (qualitative), and market information... Read More about Can market information outperform hard and soft information in predicting corporate defaults?.

How does green credit policy affect polluting firms' dividend policy? The China experience (2023)
Journal Article
Li, Y., Liao, M., & Liu, Y. (2023). How does green credit policy affect polluting firms' dividend policy? The China experience. International review of financial analysis, 88, Article 102631. https://doi.org/10.1016/j.irfa.2023.102631

We explore how polluting firms alter their dividend policy in response to pressure from green credit policy. The green credit guidelines that China adopted in 2012 aim to promote credit supply in sustainable development. Meanwhile, this green credit... Read More about How does green credit policy affect polluting firms' dividend policy? The China experience.

Managerial overconfidence and corporate cash holdings: Evidence from primary and secondary data (2023)
Journal Article
Dao, T. T. N., Guney, Y., & Hudson, R. (2023). Managerial overconfidence and corporate cash holdings: Evidence from primary and secondary data. Research in international business and finance, 65, Article 101943. https://doi.org/10.1016/j.ribaf.2023.101943

The corporate finance literature argues that overconfident managers tend to hold less cash, and this leads to a significant deviation from optimal cash levels. We analyse the impact of executive overconfidence on the corporate cash holdings of listed... Read More about Managerial overconfidence and corporate cash holdings: Evidence from primary and secondary data.

Does national culture impact trade credit provision of SMEs? (2023)
Journal Article
Hoang, C. H., Ly, K. C., Xiao, Q., & Zhang, X. (2023). Does national culture impact trade credit provision of SMEs?. Economic modelling, 124, Article 106288. https://doi.org/10.1016/j.econmod.2023.106288

Trade credit provision considerably varies from country to country, especially among small- and medium-sized enterprises (SMEs). However, there is scant literature on the determinants of such variations. Thus, this study determines how cultural diffe... Read More about Does national culture impact trade credit provision of SMEs?.

Higher tax and less work: reverse “Keep up with the Joneses” and rising inequality (2023)
Journal Article
FitzRoy, F., Jin, J., & Nolan, M. (in press). Higher tax and less work: reverse “Keep up with the Joneses” and rising inequality. Journal of Economics, https://doi.org/10.1007/s00712-023-00821-2

To counteract excessive effort due to relative income comparison among identical agents, the literature suggests a tax response equal to the negative externality. Assuming a general income distribution, we show that an optimal tax must be higher unde... Read More about Higher tax and less work: reverse “Keep up with the Joneses” and rising inequality.

Carbon trading amidst global uncertainty: The role of policy and geopolitical uncertainty (2023)
Journal Article
Adediran, I. A., & Swaray, R. (2023). Carbon trading amidst global uncertainty: The role of policy and geopolitical uncertainty. Economic modelling, 123, Article 106279. https://doi.org/10.1016/j.econmod.2023.106279

Economic policy uncertainty (EPU) and geopolitical uncertainty (GPU) can fuel speculation, flood the carbon trading market with excess allowances, and undermine the scheme's efficacy in tackling climate change. While the existing literature documents... Read More about Carbon trading amidst global uncertainty: The role of policy and geopolitical uncertainty.

Future of jobs in China under the impact of artificial intelligence (2023)
Journal Article
Wang, C., Zheng, M., Bai, X., Li, Y., & Shen, W. (2023). Future of jobs in China under the impact of artificial intelligence. Finance research letters, Article 103798. https://doi.org/10.1016/j.frl.2023.103798

This study presents a new task-based quantification method for constructing Chinese occupational dataset based on the features of US jobs. Furthermore, we estimate the impact of artificial intelligence (AI) on jobs in China by determining substitutio... Read More about Future of jobs in China under the impact of artificial intelligence.

Modelling credit and investment decisions based on AI algorithmic behavioral pathways (2023)
Journal Article
Rodgers, W., Hudson, R., & Economou, F. (2023). Modelling credit and investment decisions based on AI algorithmic behavioral pathways. Technological Forecasting and Social Change, 191, Article 122471. https://doi.org/10.1016/j.techfore.2023.122471

This paper provides a new approach to understanding bankers' risk-taking behavior. We build upon prior studies that suggest artificial intelligence algorithms are an effective approach to obtaining this understanding. Our approach uses behavioral fin... Read More about Modelling credit and investment decisions based on AI algorithmic behavioral pathways.

A smart grids knowledge transfer paradigm supported by experts' throughput modeling artificial intelligence algorithmic processes (2023)
Journal Article
Rodgers, W., Cardenas, J. A., Gemoets, L. A., & Sarfi, R. J. (2023). A smart grids knowledge transfer paradigm supported by experts' throughput modeling artificial intelligence algorithmic processes. Technological Forecasting and Social Change, 190, Article 122373. https://doi.org/10.1016/j.techfore.2023.122373

This paper presents an artificial intelligence algorithmic knowledge transfer approach to the models that have been developed throughout the world for smart grid networks. Many nations are moving forward to implement smarter ways to generate, distrib... Read More about A smart grids knowledge transfer paradigm supported by experts' throughput modeling artificial intelligence algorithmic processes.

The smog that hovers: Air pollution and asset prices (2023)
Journal Article
Guo, L., Han, X., & Li, Y. (2023). The smog that hovers: Air pollution and asset prices. Finance research letters, Article 103633. https://doi.org/10.1016/j.frl.2023.103633

Air pollution affects mental well-being (mood) and amplifies behavioral biases. We test the adverse impact of air pollution on asset prices through the lens of dual-listed stocks. Using regression analysis and difference-in-differences tests, we docu... Read More about The smog that hovers: Air pollution and asset prices.

Engaged ETFs and firm performance (2023)
Journal Article
El Kalak, I., Hudson, R., & Kemal Tosun, O. (2023). Engaged ETFs and firm performance. European Financial Management, https://doi.org/10.1111/eufm.12459

Exchange Traded Funds (ETFs) have often tracked indices and charged low fees so their incentives to improve firm performance are questionable although little empirical work has investigated this issue. Theoretically, however, we expect firms to perfo... Read More about Engaged ETFs and firm performance.