All Outputs (35)

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.

Leveraging international R&D teams of portfolio entrepreneurs and management controllers to innovate: Implications of algorithmic decision-making (2021)
Journal Article
Rodgers, W., Degbey, W., Söderbom, A., & Leijon, S. L. (in press). Leveraging international R&D teams of portfolio entrepreneurs and management controllers to innovate: Implications of algorithmic decision-making. Journal of business research, https://doi.org/10.1016/j.jbusres.2021.10.053

We focus on how international research and development (R&D) teams of portfolio entrepreneurs and their management controllers can help to innovate and sustain entrepreneurial activities. An algorithmic decision-making model is implemented that indic... Read More about Leveraging international R&D teams of portfolio entrepreneurs and management controllers to innovate: Implications of algorithmic decision-making.

Dark matters: the effects of dark trading restrictions on liquidity and informational efficiency (2021)
Journal Article
Ibikunle, G., Li, Y., Mare, D., & Sun, Y. (2021). Dark matters: the effects of dark trading restrictions on liquidity and informational efficiency. Journal of International Financial Markets, Institutions and Money, 75, Article 101435. https://doi.org/10.1016/j.intfin.2021.101435

We exploit the implementation of the double volume cap regulation introduced under the Markets in Financial Instruments Directive II in the European equity markets to investigate the impact of dark trading on liquidity and informational efficiency. W... Read More about Dark matters: the effects of dark trading restrictions on liquidity and informational efficiency.

Naval Disasters, World War Two and the British Stock Market (2021)
Journal Article
Hudson, R., & Urquhart, A. (2022). Naval Disasters, World War Two and the British Stock Market. Research in international business and finance, 59, Article 101556. https://doi.org/10.1016/j.ribaf.2021.101556

This paper studies investor sentiment by examining the impact on the British stock market of naval disasters. Since the British Empire was a world power and its navy was held in great regard, Britain was dependent on control of the sea for survival d... Read More about Naval Disasters, World War Two and the British Stock Market.

Economic policy uncertainty and cross-border mergers and acquisitions (2021)
Journal Article
Gregoriou, A., Nguyen, B. D., Nguyen, T. D., Le, H., & Hudson, R. (2021). Economic policy uncertainty and cross-border mergers and acquisitions. International review of financial analysis, 78, Article 101911. https://doi.org/10.1016/j.irfa.2021.101911

We examine the impact of policy uncertainty on cross-border mergers and acquisitions (M&As). Using a sample of 23 countries worldwide over the period from 2003 to 2016, we provide evidence that when a country has high policy uncertainty, the volume o... Read More about Economic policy uncertainty and cross-border mergers and acquisitions.

Employee participation, job quality, and inequality (2021)
Journal Article
FitzRoy, F. R., & Nolan, M. A. (2022). Employee participation, job quality, and inequality. Journal of Participation and Employee Ownership, 5(1), 1-13. https://doi.org/10.1108/JPEO-05-2020-0014

Purpose: The purpose is to review the effects of employee participation (EP) in decision-making, ownership and profit on job quality, worker well-being and productivity, and derive policy recommendations from the findings. Design/methodology/approach... Read More about Employee participation, job quality, and inequality.

Economic and Institutional Determinants of Mergers & Acquisitions in BRICS, G7 and G20 Economies (2021)
Journal Article
Bhattarai, K., Prasuna, A., & Kumar, S. N. V. S. (in press). Economic and Institutional Determinants of Mergers & Acquisitions in BRICS, G7 and G20 Economies. Journal of Applied Business and Economics,

Factors contributing towards increasing the number of mergers and acquisitions (M &A) among firms and the volume of business and sales of these firms are assessed empiricallybased on results of the static and dynamic panel data models for BRICS, G7 a... Read More about Economic and Institutional Determinants of Mergers & Acquisitions in BRICS, G7 and G20 Economies.

The effects of top management team strategic cognition on corporate financial health and value: an interactive multi-dimensional approach (2021)
Journal Article
Attah-Boakye, R., Costanzo, L. A., Guney, Y., & Rodgers, W. (in press). The effects of top management team strategic cognition on corporate financial health and value: an interactive multi-dimensional approach. The European journal of finance, https://doi.org/10.1080/1351847X.2021.1977360

The upper echelons theory posits that the values, personalities, experience and education background of the top management team (TMT) affect both executives’ strategic cognition and corporate outcomes. Since TMT members differ in their cognitive stru... Read More about The effects of top management team strategic cognition on corporate financial health and value: an interactive multi-dimensional approach.

The existence and severity of the forward premium puzzle during tranquil and turbulent periods: Developed versus developing country currencies (2021)
Journal Article
Shehadeh, A. A., Li, Y., Vigne, S. A., Almaharmeh, M. I., & Wang, Y. (2021). The existence and severity of the forward premium puzzle during tranquil and turbulent periods: Developed versus developing country currencies. International review of financial analysis, 78, Article 101871. https://doi.org/10.1016/j.irfa.2021.101871

In this paper we investigate the forward premium bias (FPB) puzzle for a number of developed and developing country currencies. Our main objective is to examine the possible variations in the existence and severity of the bias for different currency... Read More about The existence and severity of the forward premium puzzle during tranquil and turbulent periods: Developed versus developing country currencies.

COVID-19 and Remote Learning: Experiences of Parents supporting Children with Special Needs and Disability during the Pandemic (2021)
Journal Article
Shaw, T., & Shaw, A. (2023). COVID-19 and Remote Learning: Experiences of Parents supporting Children with Special Needs and Disability during the Pandemic. Education 3-13, 51(3), 371-385. https://doi.org/10.1080/03004279.2021.1960579

The closure of school buildings due to COVID-19 created a challenge for parents and teachers supporting children’s remote learning. This paper presents findings of a study that explored whether parents of children with special educational needs and d... Read More about COVID-19 and Remote Learning: Experiences of Parents supporting Children with Special Needs and Disability during the Pandemic.

Labour Controls, Unfreedom and Perpetuation of Slavery on a Tea Plantation (2021)
Journal Article
Shahadat, K., & Uddin, S. (in press). Labour Controls, Unfreedom and Perpetuation of Slavery on a Tea Plantation. Work, employment & society : a journal of the British Sociological Association, https://doi.org/10.1177/09500170211021567

This article examines labour controls in traditional tea plantations in Bangladesh. This study finds how social and economic exclusion through discriminatory labour laws and labour–manager relations rooted in the ‘coolie’ system have built a captive... Read More about Labour Controls, Unfreedom and Perpetuation of Slavery on a Tea Plantation.

A Multidimensional Practice-Based Framework of Interactive Value Formation (2021)
Journal Article
Luyen, T., Shabbir, H., & Dean, D. (in press). A Multidimensional Practice-Based Framework of Interactive Value Formation. Journal of Service Research, https://doi.org/10.1177/10946705211025606

This study seeks to deconstruct the multidimensionality of the Interactive Value Formation (IVF) process within complex and prolonged Technology-Based Self-Services (TBSSs). Building on practice theory and Service Dominant logic, this framework sheds... Read More about A Multidimensional Practice-Based Framework of Interactive Value Formation.

Growth of the Benefit System in UK (2021)
Journal Article
Bhattarai, K. (2021). Growth of the Benefit System in UK. Journal of Development Economics and Finance, 2(1), 153-176

The benefit system has expanded by ten times in the UK after the adoption the Beveridge social security system in 1940s. It has protected vulnerable people but also brought price distortions and adverse consequences in the economy. Efficiency issues... Read More about Growth of the Benefit System in UK.

Low liquidity beta anomaly in China (2021)
Journal Article
Frömmel, M., Han, X., Li, Y., & Vigne, S. A. (in press). Low liquidity beta anomaly in China. Emerging markets review, Article 100832. https://doi.org/10.1016/j.ememar.2021.100832

The conventional risk-based theory does not reconcile with the liquidity-beta anomaly in China: Low liquidity-beta stocks outperform high liquidity-beta stocks on a risk-adjusted basis. This striking pattern is robust to different weighting schemes,... Read More about Low liquidity beta anomaly in China.

Audit committee disclosure tone and earnings management (2021)
Journal Article
Al-Shaer, H., & Zaman, M. (in press). Audit committee disclosure tone and earnings management. Journal of applied accounting research, https://doi.org/10.1108/JAAR-12-2020-0243

Purpose: This paper examines the effect of audit committee (AC) reporting, measured by the tone of audit committee disclosures, in improving financial reporting quality as proxied by earnings management. Design/methodology/approach: The authors focus... Read More about Audit committee disclosure tone and earnings management.