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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.

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.

Asymmetric volatility spillovers between economic policy uncertainty and stock markets: Evidence from China (2020)
Journal Article
Wang, Z., Li, Y., & He, F. (2020). Asymmetric volatility spillovers between economic policy uncertainty and stock markets: Evidence from China. Research in international business and finance, 53, Article 101233. https://doi.org/10.1016/j.ribaf.2020.101233

This study explores the spillovers between economic policy uncertainty (EPU) and stock market realized volatility (RV). The monthly index of Chinese and US EPU and RV are used to analyze the pairwise directional spillovers. We find that RV is a net r... Read More about Asymmetric volatility spillovers between economic policy uncertainty and stock markets: Evidence from China.

Forecasting the return volatility of energy prices: a GARCH-MIDAS approach (2020)
Book Chapter
Salisu, A. A., & Swaray, R. (2020). Forecasting the return volatility of energy prices: a GARCH-MIDAS approach. In S. Goutte, & D. K. Nguyen (Eds.), Handbook of energy finance: Theories, practices and simulations (47-71). World Scientific Publishing. https://doi.org/10.1142/11213

This chapter offers an extension to the literature on energy prices by forecasting the return volatility of these prices using the GARCH-MIDAS approach. In addition to the realized volatility, it also evaluates the predictability of relevant macroeco... Read More about Forecasting the return volatility of energy prices: a GARCH-MIDAS approach.

Constitution, Institutions and A Model for Economic Development in Nepal (2020)
Journal Article
Bhattarai, K. (2020). Constitution, Institutions and A Model for Economic Development in Nepal. Asian Journal of Economics and Finance, 2(2), 119-151

Nepal made significant progress in removing monarchy and terrors of Maoists in the last decade. It however lacks a stable solution for speedier economic growth and development as the major political parties are still struggling to institutionalize th... Read More about Constitution, Institutions and A Model for Economic Development in Nepal.

A supply chain practice-based view of enablers, inhibitors and benefits for environmental supply chain performance measurement (2020)
Journal Article
Shaw, S., Grant, D. B., & Mangan, J. (in press). A supply chain practice-based view of enablers, inhibitors and benefits for environmental supply chain performance measurement. Production planning & control, https://doi.org/10.1080/09537287.2020.1737977

Organisations face ever increasing pressure to deliver triple-bottom-line performance results in their supply chains. Yet despite the importance and complexity associated with environmental supply chain performance measurement (ESCPM), organisations... Read More about A supply chain practice-based view of enablers, inhibitors and benefits for environmental supply chain performance measurement.

The impact of governmental intervention on the association between initial public offering and future stock issuance (2020)
Journal Article
Gounopoulos, D., Guney, Y., Leng, J., & Patsika, V. (in press). The impact of governmental intervention on the association between initial public offering and future stock issuance. British Journal of Management, https://doi.org/10.1111/1467-8551.12400

We examine the effect of initial public offering (IPO) characteristics on seasoned equity offering (SEO) decisions in relation to governmental intervention in China. Our results confirm the process of underpriced IPOs in promoting earlier and larger... Read More about The impact of governmental intervention on the association between initial public offering and future stock issuance.

Artificial Intelligence in a Throughput Model: Some Major Algorithms (2020)
Book
Rodgers, W. (2020). Artificial Intelligence in a Throughput Model: Some Major Algorithms. CRC Press. https://doi.org/10.1201/9780429266065

Physical and behavioral biometric technologies such as fingerprinting, facial recognition, voice identification, etc. have enhanced the level of security substantially in recent years. Governments and corporates have employed these technologies to ac... Read More about Artificial Intelligence in a Throughput Model: Some Major Algorithms.

Climate governance effects on carbon disclosure and performance (2020)
Journal Article
Bui, B., Houqe, M. N., & Zaman, M. (2020). Climate governance effects on carbon disclosure and performance. The British accounting review, 52(2), Article 100880. https://doi.org/10.1016/j.bar.2019.100880

Integration of carbon oversight into board structures and processes has the potential to improve carbon performance and demonstrate accountability to stakeholders. However, it is not clear how climate governance affects carbon disclosure. Contributin... Read More about Climate governance effects on carbon disclosure and performance.

Quantile stochastic frontier models with endogeneity (2020)
Journal Article
Tsionas, M. G., Assaf, A. G., & Andrikopoulos, A. (2020). Quantile stochastic frontier models with endogeneity. Economics letters, 188, Article 108964. https://doi.org/10.1016/j.econlet.2020.108964

In this paper, we extend Jradi et al. (2019). First, we use the asymmetric Laplace distribution which is a more reasonable assumption in quantile models. Second, we address the issue of statistical inference for the optimal quantile. Finally, we allo... Read More about Quantile stochastic frontier models with endogeneity.