All Outputs (606)

Aggregate Investor Attention and Bitcoin Return: The Long Short-term Memory Networks Perspective (2022)
Journal Article
Wang, C., Shen, D., & Li, Y. (2022). Aggregate Investor Attention and Bitcoin Return: The Long Short-term Memory Networks Perspective. Finance research letters, 49, Article 103143. https://doi.org/10.1016/j.frl.2022.103143

Investor attention is a scarce cognitive resource which affects investment decisions, and recent studies suggest that investor attention also have impacts on asset prices. Although Bitcoin is found to be one of the most unpredictable cryptocurrencies... Read More about Aggregate Investor Attention and Bitcoin Return: The Long Short-term Memory Networks Perspective.

Dominant Algorithms to Evaluate Artificial Intelligence: From the View of Throughput Model (2022)
Book
Rodgers, W. (2022). Dominant Algorithms to Evaluate Artificial Intelligence: From the View of Throughput Model. Bielefeld: Bentham Science Publishers. https://doi.org/10.2174/97898150495411220101

This book describes the Throughput Model methodology that can enable individuals and organizations to better identify, understand, and use algorithms to solve daily problems. The Throughput Model is a progressive model intended to advance the artific... Read More about Dominant Algorithms to Evaluate Artificial Intelligence: From the View of Throughput Model.

A reexamination of factor momentum: How strong is it? (2022)
Journal Article
Fan, M., Li, Y., Liao, M., & Liu, J. (2022). A reexamination of factor momentum: How strong is it?. Financial Review, 57(3), 585-615. https://doi.org/10.1111/fire.12300

Recent studies show that most financial market anomalies exhibit a momentum effect. Based on two datasets, (i) an original 22-factor sample and (ii) a more comprehensive 187-factor sample, we find that factor momentum effect is weak at the individual... Read More about A reexamination of factor momentum: How strong is it?.

Trade, Human Capital and Economic Growth in BRICS and EU Economies (2022)
Journal Article
Negem, S. H., & Bhattarai, K. (in press). Trade, Human Capital and Economic Growth in BRICS and EU Economies. Journal of Development Economics and Finance, 3(1), 21-46

This paper examines the impact of both trade and human capital on economic growth of the European Union and BRICS. Over the period 2010-2020, the estimated model is based on endogenous growth theory. Our theoretical model is estimated for the EU and... Read More about Trade, Human Capital and Economic Growth in BRICS and EU Economies.

The moderating effects of CEO power and personal traits on say-on-pay effectiveness: Insights from the Anglo-Saxon economies (2022)
Journal Article
Joura, E., Xiao, Q., & Ullah, S. (2022). The moderating effects of CEO power and personal traits on say-on-pay effectiveness: Insights from the Anglo-Saxon economies. International journal of finance & economics : IJFE, https://doi.org/10.1002/ijfe.2636

This study investigates the efficacy of say-on-pay (SOP) regulation in mitigating excessive CEO compensation and how it is affected by CEO personal traits and the power distribution inside a corporation. Using IV-GMM method and a sample of 1,931 firm... Read More about The moderating effects of CEO power and personal traits on say-on-pay effectiveness: Insights from the Anglo-Saxon economies.

Do political connections reduce earnings management? (2022)
Journal Article
Khalil, M., Harianto, S., & Guney, Y. (2022). Do political connections reduce earnings management?. Review of Quantitative Finance and Accounting, https://doi.org/10.1007/s11156-022-01062-y

This study examines whether political connections are associated with earnings management (both accrual-based and real) and whether the association is influenced by corporate governance and external auditing qualities. Empirical evidence on the assoc... Read More about Do political connections reduce earnings management?.

Convergence in labor productivity across provinces and production sectors in China (2022)
Journal Article
Bhattarai, K., & Qin, W. (2022). Convergence in labor productivity across provinces and production sectors in China. Journal of economic asymmetries, 25, Article e00247. https://doi.org/10.1016/j.jeca.2022.e00247

Empirical evidence is found for the β and σ convergence towards the steady states of labor productivity across provinces and production sectors in China based on estimates of static, dynamic and quintile panel data models. The pattern of convergences... Read More about Convergence in labor productivity across provinces and production sectors in China.

Green shoots: Emergent systemic leadership and critical systems practice (2022)
Book Chapter
Gregory, A. J., & Atkins, J. P. (2022). Green shoots: Emergent systemic leadership and critical systems practice. In A. Taylor (Ed.), Rethinking Leadership for a Green World (176-189). London: Routledge. https://doi.org/10.4324/9781003190820-10

Climate change is recognised by many to be the defining adaptive challenge of our time. Despite such recognition, the failure of many world leaders to comprehend the scale, scope (bringing a complex mix of environmental, economic and social dimension... Read More about Green shoots: Emergent systemic leadership and critical systems practice.

Advertising Benefits from Ethical Artificial Intelligence Algorithmic Purchase Decision Pathways (2022)
Journal Article
Rodgers, W., & Nguyen, T. (2022). Advertising Benefits from Ethical Artificial Intelligence Algorithmic Purchase Decision Pathways. Journal of Business Ethics, https://doi.org/10.1007/s10551-022-05048-7

Artificial intelligence (AI) has dramatically changed the way organizations communicate, understand, and interact with their potential consumers. In the context of this trend, the ethical considerations of advertising when applying AI should be the c... Read More about Advertising Benefits from Ethical Artificial Intelligence Algorithmic Purchase Decision Pathways.

How female directors help firms to attain optimal cash holdings (2022)
Journal Article
Tosun, O. K., El Kalak, I., & Hudson, R. (2022). How female directors help firms to attain optimal cash holdings. International review of financial analysis, 80, Article 102034. https://doi.org/10.1016/j.irfa.2022.102034

Is female board representation helpful for firms attaining optimal cash holdings? We address this question using data on 1163 US-listed firms for 2000‐–2017. We show that if there are more female directors on firm boards, ceteris paribus, there is no... Read More about How female directors help firms to attain optimal cash holdings.

ESG complementarities in the US economy (2022)
Journal Article
Duygun, M., Hall, S., Kenjegalieva, A., & Kenjegaliev, A. (2022). ESG complementarities in the US economy. The European journal of finance, https://doi.org/10.1080/1351847X.2022.2157300

This paper investigates ESG from the perspective of changes in input elasticities of substitution and complementarity. Rather than compute these elasticities from the cost function, we compute them from the Input Distance Function (IDF). Our data are... Read More about ESG complementarities in the US economy.

Innovation and efficiency in financial institutions (2022)
Journal Article
Sena, V., Kenjegaliev, A., & Kenjegalieva, A. (2022). Innovation and efficiency in financial institutions. Frontiers in Research Metrics and Analytics, 7, Article 805116. https://doi.org/10.3389/frma.2022.805116

This paper proposes a new methodology that combines standard production theory with Multiple-Criteria Decision Analysis (MCDA) methods to rank banks based on their capability of using investment in new technologies to reduce the other inputs' usage,... Read More about Innovation and efficiency in financial institutions.

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.