Skip to main content

Research Repository

Advanced Search

All Outputs (608)

Real Exchange Rate Misalignments of Libyan Dinar: Fundamentals and Markov Switching Regimes (2020)
Journal Article
Bhattarai, K., & Ben-Naser, A. (2020). Real Exchange Rate Misalignments of Libyan Dinar: Fundamentals and Markov Switching Regimes. Journal of Development Economics and Finance, 1(1), 151-162

This study found evidence for a time-varying misalignments of equilibrium RER of the Libyan dinar. Markov switching model explains the overvaluation episodes during. Policy makers should urgently align the actual exchange rate very close to the movem... Read More about Real Exchange Rate Misalignments of Libyan Dinar: Fundamentals and Markov Switching Regimes.

Blockchain, business and the fourth industrial revolution: Whence, whither, wherefore and how? (2020)
Journal Article
Kimani, D., Adams, K., Attah-Boakye, R., Ullah, S., Frecknall-Hughes, J., & Kim, J. (2020). Blockchain, business and the fourth industrial revolution: Whence, whither, wherefore and how?. Technological Forecasting and Social Change, 161, Article 120254. https://doi.org/10.1016/j.techfore.2020.120254Get

Blockchain is one the most remarkable technological innovations of the 21st century. The most notable application of blockchain is in the development and operation of cryptocurrencies (e.g. bitcoin, ethereum, among others). Besides the financial serv... Read More about Blockchain, business and the fourth industrial revolution: Whence, whither, wherefore and how?.

Improving forecasting accuracy of the Phillips curve in OECD countries: The role of commodity prices (2020)
Journal Article
Salisu, A. A., Salisu, A. A., Swaray, R., & Sa'id, H. (in press). Improving forecasting accuracy of the Phillips curve in OECD countries: The role of commodity prices. International journal of finance & economics : IJFE, https://doi.org/10.1002/ijfe.1944

We investigate the power of commodity prices to improve inflation forecast performance in 21 OECD countries, within the framework of commodity prices-augmented Phillips curve model. Using monthly data spanning over 57 years, we use single and multi-f... Read More about Improving forecasting accuracy of the Phillips curve in OECD countries: The role of commodity prices.

The impact of board gender diversity and national culture on corporate innovation: a multi- country analysis of multinational corporations operating in emerging economies (2020)
Journal Article
Attah-Boakye, R., Adams, K., Kimani, D., & Ullah, S. (2020). The impact of board gender diversity and national culture on corporate innovation: a multi- country analysis of multinational corporations operating in emerging economies. Technological Forecasting and Social Change, 161, Article 120247. https://doi.org/10.1016/j.techfore.2020.120247

This paper contributes to burgeoning research concerning the relationship between boardroom gender diversity and corporate innovation. The paper deploys a multi-theoretical framework comprising insights from the upper echelons, resource-dependency, a... Read More about The impact of board gender diversity and national culture on corporate innovation: a multi- country analysis of multinational corporations operating in emerging economies.

Is “Three” a lucky number? Exchange-rate exposure in a “Rule of Three” model (2020)
Journal Article
Andrikopoulos, A., & Dassiou, X. (2020). Is “Three” a lucky number? Exchange-rate exposure in a “Rule of Three” model. Journal of business research, 121, 85-92. https://doi.org/10.1016/j.jbusres.2020.08.008

We examine exchange-rate exposure in an international model of differentiated goods using the frequently encountered in international markets “Rule of Three” (RoT) market structure that allows both within and between countries competition. In a stati... Read More about Is “Three” a lucky number? Exchange-rate exposure in a “Rule of Three” model.

Why do some merger and acquisitions deals fail? A global perspective (2020)
Journal Article
Attah-Boakye, R., Guney, Y., Hernandez-Perdomo, E., & Mun, J. (in press). Why do some merger and acquisitions deals fail? A global perspective. International journal of finance & economics : IJFE, https://doi.org/10.1002/ijfe.2039

We analyze why some merger and acquisitions (M&A) deals are withdrawn paying particular attention to the economic freedom and legal environment of countries. We use a large dataset based on deals worldwide from over 140 countries during the period 19... Read More about Why do some merger and acquisitions deals fail? A global perspective.

Comparisons of deposit types and implications of the financial crisis: Evidence for U.S. banks (2020)
Journal Article
Glass, A. J., Kenjegaliev, A., & Kenjegalieva, K. (2022). Comparisons of deposit types and implications of the financial crisis: Evidence for U.S. banks. International journal of finance & economics : IJFE, 27(1), 641-664. https://doi.org/10.1002/ijfe.2172

This paper makes three diverse contributions. First, whereas the extant literature estimates a single elasticity of substitution/complementarity from an input distance function, we calculate a range of elasticities. Second, we make a substantive cont... Read More about Comparisons of deposit types and implications of the financial crisis: Evidence for U.S. banks.

Impacts of GST Reforms on Efficiency, Growth and Redistribution of Income in India: A Dynamic CGE Analysis (2020)
Journal Article
Bhattarai, K., & Bhattarai, K. (2020). Impacts of GST Reforms on Efficiency, Growth and Redistribution of Income in India: A Dynamic CGE Analysis. Journal of Development Economics and Finance, 1(1), 93-133

Goods and service tax (GST) introduced as a 'good and simple tax' on 1 July 2017 by the Modi government is the boldest measure of tax reform so far in India. The major aim of this paper is to evaluate the micro and macro impacts of the goods and serv... Read More about Impacts of GST Reforms on Efficiency, Growth and Redistribution of Income in India: A Dynamic CGE Analysis.

Political uncertainty and sentiment: Evidence from the impact of Brexit on financial markets (2020)
Journal Article
Hudson, R., Urquhart, A., & Zhang, H. (2020). Political uncertainty and sentiment: Evidence from the impact of Brexit on financial markets. European Economic Review, 129, Article 103523. https://doi.org/10.1016/j.euroecorev.2020.103523

This paper investigates whether the impact of Brexit on financial markets is consistent with rational asset pricing models using 34 financial indices. Our results indicate that, whilst Brexit events affect both the risk and returns of stocks, the ret... Read More about Political uncertainty and sentiment: Evidence from the impact of Brexit on financial markets.

Is corporate hedging always beneficial? A theoretical and empirical analysis (2020)
Journal Article
Ahmed, H., Fairchild, R., & Guney, Y. (in press). Is corporate hedging always beneficial? A theoretical and empirical analysis. The European journal of finance, 1-35. https://doi.org/10.1080/1351847x.2020.1785909

This paper investigates, theoretically and empirically, the impact of corporate hedging activities on firm value/performance. In a perfect market, with self-less management, aiming to maximise shareholder wealth, it may be expected that hedging would... Read More about Is corporate hedging always beneficial? A theoretical and empirical analysis.

Should a retailer sell its own extended warranties or resell those from the manufacturer when confronting supplier encroachment? (2020)
Journal Article
Chai, J., Li, H., Yan, W., & Li, Y. (2021). Should a retailer sell its own extended warranties or resell those from the manufacturer when confronting supplier encroachment?. Journal of the Operational Research Society, 72(9), 2046-2058. https://doi.org/10.1080/01605682.2020.1759383

Due to fierce competition in the product market under conditions of supplier encroachment, many brand name retailers, including Sears, Best Buy, and Circuit City, depend on the extended warranty contracts that they sell along with the products. The d... Read More about Should a retailer sell its own extended warranties or resell those from the manufacturer when confronting supplier encroachment?.

Essays on the economic consequences of information asymmetry and accounting conservatism in the mergers and acquisitions market (2020)
Thesis
Elgendi, H. Y. H. (2020). Essays on the economic consequences of information asymmetry and accounting conservatism in the mergers and acquisitions market. (Thesis). University of Hull. Retrieved from https://hull-repository.worktribe.com/output/4354060

Merger and acquisition (M&A) transactions arguably represent one of the most significant events that firms might experience over their lifecycles; yet many transactions are value-neutral or value-destroying for shareholders of acquiring firms. Throug... Read More about Essays on the economic consequences of information asymmetry and accounting conservatism in the mergers and acquisitions market.

Investor Overconfidence and the Security Market Line: New Evidence from China (2020)
Journal Article
Han, X., Li, K., & Li, Y. (2020). Investor Overconfidence and the Security Market Line: New Evidence from China. Journal of Economic Dynamics and Control, 117, Article 103961. https://doi.org/10.1016/j.jedc.2020.103961

This paper documents a highly downward-sloping security market line (SML) in China, which is more puzzling than the typical “flattened” SML in the US, and does not reconcile with existing theories of the low-beta anomaly. We show that investor overco... Read More about Investor Overconfidence and the Security Market Line: New Evidence from China.

In search of stock repurchases determinants in listed Indonesian firms during regulatory changes (2020)
Journal Article
Moin, A., Guney, Y., & Kalak, I. E. (2020). In search of stock repurchases determinants in listed Indonesian firms during regulatory changes. Journal of Economic Behavior and Organization, 176, 145-165. https://doi.org/10.1016/j.jebo.2020.04.013

Motivated by the introduction of share repurchases regulations in 1998 and 2007 coupled with unique characteristics of the Indonesian market, we investigate the effect of firms’ sub-optimal financial position on their share repurchases decisions. The... Read More about In search of stock repurchases determinants in listed Indonesian firms during regulatory changes.

Market frictions and the geographical location of global stock exchanges. Evidence from the S&P Global Index (2020)
Journal Article
Hudson, R., & Gregoriou, A. (in press). Market frictions and the geographical location of global stock exchanges. Evidence from the S&P Global Index. Journal of Economic Studies, https://doi.org/10.1108/JES-03-2020-0091

We examine the impact of trading costs on investor average holding periods for the S&P global 1200 index. We report overwhelming evidence that global equity indices cannot be pooled. When we differentiate between stock indices based on their geograph... Read More about Market frictions and the geographical location of global stock exchanges. Evidence from the S&P Global Index.

FDI and Economic Performance of Firms in India (2020)
Journal Article
Bhattarai, K., & Negi, V. (2020). FDI and Economic Performance of Firms in India. Studies in Microeconomics, 8(1), 44-74. https://doi.org/10.1177/2321022220918684

FDI contributed positively to sales, profit, employment and wages of firms in India from 2004 to 2018. Foreign capital is complementing domestic capital well embodying technology and innovations required for expansion of domestic firms in it. Foreign... Read More about FDI and Economic Performance of Firms in India.

Estimation of a Regional Income Multiplier Using Primary Data: Economic Impact Assessment of a Major Investment on a Local Economy (2020)
Thesis
Cox, F. E. (2020). Estimation of a Regional Income Multiplier Using Primary Data: Economic Impact Assessment of a Major Investment on a Local Economy. (Thesis). University of Hull. https://hull-repository.worktribe.com/output/4912993

Over the last century, there has been great interest in the formulation and estimation of income multipliers at regional and sub-regional level to guide the decisions of planners and policy makers. However, the literature expressly highlights a lack... Read More about Estimation of a Regional Income Multiplier Using Primary Data: Economic Impact Assessment of a Major Investment on a Local Economy.

The effects of board structure on corporate performance: Evidence from East African frontier markets (2020)
Journal Article
Guney, Y., Karpuz, A., & Komba, G. (2020). The effects of board structure on corporate performance: Evidence from East African frontier markets. Research in international business and finance, 53, 101222. https://doi.org/10.1016/j.ribaf.2020.101222

The effectiveness of the well-known corporate governance practices may not be universal due to fundamental differences in the environments under which firms operate. By using hand-collected data from all the non-financial firms listed on the unexplor... Read More about The effects of board structure on corporate performance: Evidence from East African frontier markets.