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Heterogeneity, convergence, and autocorrelations (2007)
Journal Article
He, X. Z., & Li, Y. (2008). Heterogeneity, convergence, and autocorrelations. Quantitative finance, 8(1), 59-79. https://doi.org/10.1080/14697680601159500

This paper is a contribution to the literature on the explanatory power and calibration of heterogeneous asset pricing models. We set out a new stochastic market-fraction asset pricing model of fundamentalists and trend followers under a market maker... Read More about Heterogeneity, convergence, and autocorrelations.

Interest rate clustering in UK financial services markets (2007)
Journal Article
Ashton, J. K., & Hudson, R. S. (2008). Interest rate clustering in UK financial services markets. Journal of Banking and Finance, 32(7), 1393-1403. https://doi.org/10.1016/j.jbankfin.2007.11.002

This study forwards an explanation and empirical investigation of price clustering in retail banking markets. It is proposed that price or interest rate clustering forms in retail markets as firms wish to maximise returns from customers, some of whom... Read More about Interest rate clustering in UK financial services markets.

The impact of managerial entrenchment on agency costs: An empirical investigation using UK panel data (2007)
Journal Article
Florackis, C., & Ozkan, A. (2009). The impact of managerial entrenchment on agency costs: An empirical investigation using UK panel data. European Financial Management, 15(3), 497-528. https://doi.org/10.1111/j.1468-036x.2007.00418.x

This paper empirically investigates the relationship between managerial entrenchment and agency costs for a large sample of UK firms over the period 1999-2005. To measure managerial entrenchment, we use detailed information on ownership and board str... Read More about The impact of managerial entrenchment on agency costs: An empirical investigation using UK panel data.

The role of long memory in hedging effectiveness (2007)
Journal Article
Coakley, J., Dollery, J., & Kellard, N. (2007). The role of long memory in hedging effectiveness. Computational Statistics and Data Analysis, 52(6), 3075 - 3082. https://doi.org/10.1016/j.csda.2007.10.019

A joint fractionally integrated, error-correction and multivariate GARCH (FIEC-BEKK) approach is applied to investigate hedging effectiveness using daily data 1995–2005. The findings reveal the proxied error-correction term has a long memory componen... Read More about The role of long memory in hedging effectiveness.

Input-output and general equilibrium models for Hull and Humber region in England (2007)
Journal Article
Bhattarai, K. (2007). Input-output and general equilibrium models for Hull and Humber region in England. Atlantic Economic Journal, 35(4), 473-490. https://doi.org/10.1007/s11293-007-9081-y

This paper shows how one can construct an input output table for four Humber sub regions in England with information on levels and share of employment and output provided by the Humber Forum using coefficients from the national input-output table of... Read More about Input-output and general equilibrium models for Hull and Humber region in England.

An application of contingent valuation and decision tree analysis to water quality improvements (2007)
Journal Article
Atkins, J. P., Burdon, D., & Allen, J. H. (2007). An application of contingent valuation and decision tree analysis to water quality improvements. Marine pollution bulletin, 55(10-12), 591-602. https://doi.org/10.1016/j.marpolbul.2007.09.018

This paper applies contingent valuation and decision tree analysis to investigate public preferences for water quality improvements, and in particular reduced eutrophication. Such preferences are important given that the development of EU water quali... Read More about An application of contingent valuation and decision tree analysis to water quality improvements.

Spin-offs, stages of growth and funding issues: Some UK evidence (2007)
Journal Article
Ullah, F., Akbar, S., & Taylor, P. (2007). Spin-offs, stages of growth and funding issues: Some UK evidence. International journal of entrepreneurship and innovation management, 7(6), 524-540. https://doi.org/10.1504/ijeim.2007.014595

This paper explores funding issues at the early development stages of Technology-Based Small Firms (TBSFs) spun-out from universities, non-university research organisations and parent companies. This paper presents empirical evidence for the UK, deri... Read More about Spin-offs, stages of growth and funding issues: Some UK evidence.

Institutional investors and director pay: An empirical study of UK companies (2007)
Journal Article
Dong, M., & Ozkan, A. (2008). Institutional investors and director pay: An empirical study of UK companies. Journal of Multinational Financial Management, 18(1), 16-29. https://doi.org/10.1016/j.mulfin.2007.06.001

This paper empirically examines the determinants of director pay for a sample of listed non-financial firms in the UK by focusing on the effects of institutional ownership on both director pay and pay-performance relationship. Our analysis reveals th... Read More about Institutional investors and director pay: An empirical study of UK companies.

Debt maturity structure of Chinese companies (2007)
Journal Article
Cai, K., Fairchild, R., & Guney, Y. (2008). Debt maturity structure of Chinese companies. Pacific-Basin Finance Journal, 16(3), 268-297. https://doi.org/10.1016/j.pacfin.2007.06.001

Numerous studies have focused on the theoretical and empirical aspects of corporate capital structure since the 1960s. As a new branch of capital structure, however, debt maturity structure has not yet received as much attention as the debt-equity ch... Read More about Debt maturity structure of Chinese companies.

The effects of over-education on earnings in the graduate labour market (2007)
Journal Article
Dolton, P. J., & Silles, M. A. (2008). The effects of over-education on earnings in the graduate labour market. Economics of education review, 27(2), 125-139. https://doi.org/10.1016/j.econedurev.2006.08.008

This paper uses a new survey of graduates from one large civil university in the UK to examine the determinants of over-education and its subsequent impact on labour market earnings. Multiple measurements of over-education were collected to assess th... Read More about The effects of over-education on earnings in the graduate labour market.

Identification, definition and quantification of goods and services provided by marine biodiversity: Implications for the ecosystem approach (2007)
Journal Article
Beaumont, N., Austen, M., Atkins, J., Burdon, D., Degraer, S., Dentinho, T., Derous, S., Holm, P., Horton, T., van Ierland, E., Marboe, A., Starkey, D., Townsend, M., & Zarzycki, T. (2007). Identification, definition and quantification of goods and services provided by marine biodiversity: Implications for the ecosystem approach. Marine pollution bulletin, 54(3), 253-265. https://doi.org/10.1016/j.marpolbul.2006.12.003

This paper identifies and defines ecosystem goods and services provided by marine biodiversity. Case studies have been used to provide an insight into the practical issues associated with the assessment of marine ecosystem goods and services at speci... Read More about Identification, definition and quantification of goods and services provided by marine biodiversity: Implications for the ecosystem approach.

Power-law behaviour, heterogeneity, and trend chasing (2007)
Journal Article
He, X. Z., & Li, Y. (2007). Power-law behaviour, heterogeneity, and trend chasing. Journal of Economic Dynamics and Control, 31(10), 3396-3426. https://doi.org/10.1016/j.jedc.2006.11.008

Long-range dependence in volatility is one of the most prominent examples in financial market research involving universal power laws. Its characterization has recently spurred attempts to provide some explanations of the underlying mechanism. This p... Read More about Power-law behaviour, heterogeneity, and trend chasing.

The econometric analysis of agent-based models in finance: An application (2007)
Presentation / Conference Contribution
Li, Y., Donkers, B., & Melenberg, B. The econometric analysis of agent-based models in finance: An application

This paper illustrates how to compare different agent-based models and how to compare an agent-based model with real data. As examples we investigate ARFIMA models, the probability density function, and the spectral density function. We illustrate th... Read More about The econometric analysis of agent-based models in finance: An application.

The politics of public expenditure from Thatcher to Blair (2006)
Journal Article
Mullard, M., & Swaray, R. (2006). The politics of public expenditure from Thatcher to Blair. Policy and Politics, 34(3), 495-515. https://doi.org/10.1332/030557306777695343

The central concerns of this study are twofold: first, to analyse the nature of the politics of public expenditure under both the Thatcher and Blair governments and to ask whether changes in government did make a difference. Second, to deal with the... Read More about The politics of public expenditure from Thatcher to Blair.

The division and size of gains from liberalization in service networks (2006)
Journal Article
Bhattarai, K., & Whalley, J. (2006). The division and size of gains from liberalization in service networks. Review of International Economics, 14(3), 348-361. https://doi.org/10.1111/j.1467-9396.2006.00594.x

If two disjoint country service networks involving a small and large country are connected as part of international liberalization in the presence of network externalities, the per capita gain for the small country from access to a large network will... Read More about The division and size of gains from liberalization in service networks.

Developing a framework for measuring physical distribution service quality of multi-channel and "pure player" internet retailers (2006)
Journal Article
Xing, Y., & Grant, D. B. (2006). Developing a framework for measuring physical distribution service quality of multi-channel and "pure player" internet retailers. International journal of retail & distribution management, 34(4-5), 278-289. https://doi.org/10.1108/09590550610660233

Purpose: Many traditional retailers use the internet as a complementary business channel and thus sell products through multiple channels. In contrast, "pure player" internet retailers only sell products via the internet. A proliferation of pure play... Read More about Developing a framework for measuring physical distribution service quality of multi-channel and "pure player" internet retailers.

An initial economic evaluation of water quality improvements in the Randers Fjord, Denmark (2006)
Journal Article
Burdon, D., & Atkins, J. P. (2006). An initial economic evaluation of water quality improvements in the Randers Fjord, Denmark. Marine pollution bulletin, 53(1-4), 195-204. https://doi.org/10.1016/j.marpolbul.2005.09.024

Eutrophication of estuarine and coastal waters has only been recognised as a potential problem since the early 1980s. This problem is being addressed by the European Union through the implementation of recent water quality legislation, which also cal... Read More about An initial economic evaluation of water quality improvements in the Randers Fjord, Denmark.

International evidence on the non-linear impact of leverage on corporate cash holdings (2006)
Journal Article
Guney, Y., Ozkan, A., & Ozkan, N. (2007). International evidence on the non-linear impact of leverage on corporate cash holdings. Journal of Multinational Financial Management, 17(1), 45-60. https://doi.org/10.1016/j.mulfin.2006.03.003

This paper investigates cash holding behaviour of firms from France, Germany, Japan, the UK and the US using data for 4069 companies over the period 1996–2000. Our focus is particularly on the relation between cash holdings and leverage. We argue tha... Read More about International evidence on the non-linear impact of leverage on corporate cash holdings.