All Outputs (611)

Do dividends signal future earnings in the Nordic stock markets? (2013)
Journal Article
Liljeblom, E., Mollah, S., & Rotter, P. (2015). Do dividends signal future earnings in the Nordic stock markets?. Review of Quantitative Finance and Accounting, 44(3), 493-511. https://doi.org/10.1007/s11156-013-0415-3

We study the informational content of dividends on three Nordic civil law markets, where other simultaneous but blurring motives for dividends may be weaker. Using aggregate data on real earnings per share and payout ratios, long time series from 196... Read More about Do dividends signal future earnings in the Nordic stock markets?.

Corporate dividend policy in Thailand: theory and evidence (2013)
Journal Article
Fairchild, R., Guney, Y., & Thanatawee, Y. (2014). Corporate dividend policy in Thailand: theory and evidence. International review of financial analysis, 31, 129-151. https://doi.org/10.1016/j.irfa.2013.10.006

This paper examines dividend changes in an emerging market: Thailand. We begin by considering the possible effects of the Thai corporate environment on dividend policy. We develop a theoretical model that considers the relationship between the streng... Read More about Corporate dividend policy in Thailand: theory and evidence.

Adapting financial rationality: Is a new paradigm emerging? (2013)
Journal Article
Soufian, M., Forbes, W., & Hudson, R. (2014). Adapting financial rationality: Is a new paradigm emerging?. Critical Perspectives On Accounting, 25(8), 724-742. https://doi.org/10.1016/j.cpa.2013.08.009

We discuss the implications of an alternative to the efficient market hypothesis (EMH) the adaptive market hypothesis (AMH). The AMH advances a theoretical basis for a new financial paradigm which can better model such phenomena as the recent financi... Read More about Adapting financial rationality: Is a new paradigm emerging?.

Can the benefits of physical seabed restoration justify the costs? An assessment of a disused aggregate extraction site off the Thames Estuary, UK (2013)
Journal Article
Cooper, K., Burdon, D., Atkins, J. P., Weiss, L., Somerfield, P., Elliott, M., Turner, K., Ware, S., & Vivian, C. (2013). Can the benefits of physical seabed restoration justify the costs? An assessment of a disused aggregate extraction site off the Thames Estuary, UK. Marine pollution bulletin, 75(1-2), 33-45. https://doi.org/10.1016/j.marpolbul.2013.08.009

Physical and biological seabed impacts can persist long after the cessation of marine aggregate dredging. Whilst small-scale experimental studies have shown that it may be possible to mitigate such impacts, it is unclear whether the costs of restorat... Read More about Can the benefits of physical seabed restoration justify the costs? An assessment of a disused aggregate extraction site off the Thames Estuary, UK.

Impact of China's currency valuation and labour cost on the US in a trade and exchange rate model (2013)
Journal Article
Bhattarai, K., & Mallick, S. (2013). Impact of China's currency valuation and labour cost on the US in a trade and exchange rate model. North American journal of economics and finance, 25, 40-59. https://doi.org/10.1016/j.najef.2013.03.001

Ricardian dynamic general equilibrium analyses show that under free trade arrangements a low income country with lower wage cost and large endowment of labour has comparative advantage in trade. Efficiency gains from this enhance economic growth and... Read More about Impact of China's currency valuation and labour cost on the US in a trade and exchange rate model.

Are income differences within the OECD diminishing? Evidence from Fourier unit root tests (2013)
Journal Article
King, A., & Ramlogan-Dobson, C. (2014). Are income differences within the OECD diminishing? Evidence from Fourier unit root tests. Studies in nonlinear dynamics and econometrics / sponsored by the MIT Press and the Society for Nonlinear Dynamics and Econometrics, 18(2), 185-199. https://doi.org/10.1515/snde-2013-0008

We investigate the income convergence hypothesis for 24 OECD countries using Fourier-type unit root tests that can account for structural breaks of unknown number, timing and functional form in a series’ data generating process. Our results indicate... Read More about Are income differences within the OECD diminishing? Evidence from Fourier unit root tests.

Do marine protected areas deliver flows of ecosystem services to support human welfare? (2013)
Journal Article
Potts, T., Burdon, D., Jackson, E., Atkins, J., Saunders, J., Hastings, E., & Langmead, O. (2014). Do marine protected areas deliver flows of ecosystem services to support human welfare?. Marine Policy, 44, 139-148. https://doi.org/10.1016/j.marpol.2013.08.011

This paper examines the potential relationships between the ecosystem services provided by the coastal and marine environment and the designation of marine protected areas. The hypothesis is that relationships exist between the provision of ecosystem... Read More about Do marine protected areas deliver flows of ecosystem services to support human welfare?.

The rise and fall of (Chinese) African apparel exports (2013)
Journal Article
Rotunno, L., Vézina, P. L., & Wang, Z. (2013). The rise and fall of (Chinese) African apparel exports. Journal of Development Economics, 105, 152-163. https://doi.org/10.1016/j.jdeveco.2013.08.001

During the final years of the Multifiber Agreement (2001-2005) the US imposed quotas on Chinese apparel while it gave African apparel duty- and quota-free access. We argue that the combination of these policies led to a rapid but ephemeral rise of Af... Read More about The rise and fall of (Chinese) African apparel exports.

Is the relationship between prices and exchange rates homogeneous? (2013)
Journal Article
Hall, S. G., Hondroyiannis, G., Kenjegaliev, A., Swamy, P. A. V. B., & Tavlas, G. S. (2013). Is the relationship between prices and exchange rates homogeneous?. Journal of International Money and Finance, 37, 411-438. https://doi.org/10.1016/j.jimonfin.2013.06.014

Empirical tests of purchasing power parity (PPP) are implicitly based on the conditions of symmetry and proportionality of the price coefficients. We investigate a separate condition, which we term homogeneity. Specifically, while there may be factor... Read More about Is the relationship between prices and exchange rates homogeneous?.

Ethics in tax practice: A study of the effect of practitioner firm size (2013)
Journal Article
Doyle, E., Frecknall-Hughes, J., & Summers, B. (2014). Ethics in tax practice: A study of the effect of practitioner firm size. Journal of Business Ethics, 122(4), 623-641. https://doi.org/10.1007/s10551-013-1780-5

While much of the empirical accounting literature suggests that, if differences do exist, Big Four employees are more ethical than non-Big Four employees, this trend has not been evident in the recent media coverage of Big Four tax practitioners acti... Read More about Ethics in tax practice: A study of the effect of practitioner firm size.

Convergence of inflationary shocks: Evidence from the Caribbean (2013)
Journal Article
Cuestas, J. C., & Ramlogan-Dobson, C. (2013). Convergence of inflationary shocks: Evidence from the Caribbean. The World economy, 36(9), 1229-1243. https://doi.org/10.1111/twec.12082

In this paper, we aim to shed some light on the inflation dynamics in the Caribbean. We analyse the inflation rates for twelve countries using various time series methods. The results show that the inflation rates are mean reverting processes and tha... Read More about Convergence of inflationary shocks: Evidence from the Caribbean.

Measuring currency pressures: the cases of the Japanese yen, the Chinese yuan, and the UK pound (2013)
Journal Article
Hall, S. G., Kenjegaliev, A., Swamy, P. A. V. B., & Tavlas, G. S. (2013). Measuring currency pressures: the cases of the Japanese yen, the Chinese yuan, and the UK pound. Journal of the Japanese and International Economies, 29(September), 1-20. https://doi.org/10.1016/j.jjie.2013.04.001

We investigate bilateral currency pressures against the US dollar for three currencies: the Japanese yen, the Chinese yuan, and the UK pound during the period 2000:Q1 to 2009:Q4. We employ a model-based methodology to measure exchange market pressure... Read More about Measuring currency pressures: the cases of the Japanese yen, the Chinese yuan, and the UK pound.

Recycling: Social norms and warm-glow revisited (2013)
Journal Article
Abbott, A., Nandeibam, S., & O'Shea, L. (2013). Recycling: Social norms and warm-glow revisited. Ecological economics : the journal of the International Society for Ecological Economics, 90, 10-18. https://doi.org/10.1016/j.ecolecon.2013.02.015

We examine the role of social norms and warm-glow in a theoretical framework and establish that improving the quality of recycling facilities, for example through kerbside collection, will elicit more recycling effort if warm-glow is present. Drawing... Read More about Recycling: Social norms and warm-glow revisited.

Heterogeneous effect of ethnic networks on international trade of Thailand: The role of family ties and ethnic diversity (2013)
Journal Article
Duanmu, J.-L., & Guney, Y. (2013). Heterogeneous effect of ethnic networks on international trade of Thailand: The role of family ties and ethnic diversity. International Business Review, 22(1), 126-139. https://doi.org/10.1016/j.ibusrev.2012.02.009

Ethnic networks have been found to have a pro-trade effect in previous research. However, the heterogeneous effect of different ethnicities is under-studied. Drawing on the literature on social structure, this paper attempts to untangle the heterogen... Read More about Heterogeneous effect of ethnic networks on international trade of Thailand: The role of family ties and ethnic diversity.

Informed trading and market structure (2013)
Journal Article
Cai, C. X., Harris, J. H., Hudson, R. S., & Keasey, K. (2015). Informed trading and market structure. European Financial Management, 21(1), 148-177. https://doi.org/10.1111/eufm.12003

We examine London Stock Exchange trading around information releases and link market quality dimensions with market structure during periods with heightened interaction between informed and uninformed traders. We find support for both the hypothesis... Read More about Informed trading and market structure.

Financial flexibility, corporate investment and performance: evidence from financial crises (2013)
Journal Article
Arslan-Ayaydin, Ö., Florackis, C., & Ozkan, A. (2014). Financial flexibility, corporate investment and performance: evidence from financial crises. Review of Quantitative Finance and Accounting, 42(2), 211-250. https://doi.org/10.1007/s11156-012-0340-x

This study examines the impact of financial flexibility on the investment and performance of East Asian firms over the period 1994-2009. We employ a sample of 1,068 firms and place particular emphasis on the periods of the Asian crisis (1997-1998) an... Read More about Financial flexibility, corporate investment and performance: evidence from financial crises.

Procyclical government spending: a public choice analysis (2013)
Journal Article
Abbott, A., & Jones, P. (2013). Procyclical government spending: a public choice analysis. Public Choice, 154(3-4), 243-258. https://doi.org/10.1007/s11127-011-9816-9

Procyclical government spending occurs when government expenditures increase at a faster rate than income in an economic upturn but fall at a faster rate in a recession. Voracity effects occur when competition for increased spending proves more effec... Read More about Procyclical government spending: a public choice analysis.

The forward rate premium puzzle: a case of misspecification? (2013)
Journal Article
Hall, S. G., Kenjegaliev, A., Swamy, P. A. V. B., & Tavlas, G. S. (2013). The forward rate premium puzzle: a case of misspecification?. Studies in nonlinear dynamics and econometrics / sponsored by the MIT Press and the Society for Nonlinear Dynamics and Econometrics, 17(3), 265-279. https://doi.org/10.1515/snde-2013-0009

Empirical studies often report a negative relationship between the difference in the spot exchange rate and the forward premium, violating the forward-rate unbiasedness hypothesis. Using standard regression on a sample of ten exchange rates, we obtai... Read More about The forward rate premium puzzle: a case of misspecification?.

A problem structuring method for ecosystem-based management : the DPSIR modelling process (2012)
Journal Article
Gregory, A. J., Atkins, J. P., Burdon, D., & Elliott, M. (2018). A problem structuring method for ecosystem-based management : the DPSIR modelling process. European journal of operational research, 227(3), 558-569. https://doi.org/10.1016/j.ejor.2012.11.020

The purpose of this paper is to learn from Complex Adaptive Systems (CAS) theory to inform the development of Problem Structuring Methods (PSMs) both in general and in the specific context of marine management. The focus on marine management is impor... Read More about A problem structuring method for ecosystem-based management : the DPSIR modelling process.

A cost-benefit analysis of Basel III: Some evidence from the UK (2012)
Journal Article
Yan, M., Hall, M. J. B., & Turner, P. (2012). A cost-benefit analysis of Basel III: Some evidence from the UK. International review of financial analysis, 25, 73-82. https://doi.org/10.1016/j.irfa.2012.06.009

This paper provides a long-term cost-benefit analysis for the United Kingdom of the Basel III capital and liquidity requirements proposed by the Basel Committee on Banking Supervision (BCBS, 2010a). We provide evidence that the Basel III reforms will... Read More about A cost-benefit analysis of Basel III: Some evidence from the UK.