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All Outputs (3)

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.

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.

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.