All Outputs (606)

Which heuristics can aid financial-decision-making? (2015)
Journal Article
Forbes, W., Hudson, R., Skerratt, L., & Soufian, M. (2015). Which heuristics can aid financial-decision-making?. International review of financial analysis, 42(December), 199-210. https://doi.org/10.1016/j.irfa.2015.07.002

© 2015 Elsevier Inc. We evaluate the contribution of Nobel Prize-winner Daniel Kahneman, often in association with his late co-author Amos Tversky, to the development of our understanding of financial decision-making and the evolution of behavioural... Read More about Which heuristics can aid financial-decision-making?.

Personalisation of power, neoliberalism and the production of corruption (2015)
Journal Article
Khair, A. H. A., Haniffa, R., Hudaib, M., & Karim, M. N. A. (2015). Personalisation of power, neoliberalism and the production of corruption. Accounting Forum, 39(3), 225-235. https://doi.org/10.1016/j.accfor.2015.06.001

© 2015. This paper utilises a political lens in considering the cause for the production of corruption and the role of political leadership. Specifically, the notion of personalisation of power as advocated by Slater (2003) is adopted to portray how... Read More about Personalisation of power, neoliberalism and the production of corruption.

Identification of house price bubbles using user cost in a state space model (2015)
Journal Article
Zhang, H., Hudson, R., Metcalf, H., & Manahov, V. (2015). Identification of house price bubbles using user cost in a state space model. Applied economics, 47(56), 6088-6101. https://doi.org/10.1080/00036846.2015.1064078

© 2015 Taylor & Francis. This article studies how much variation in house prices results from nonfundamental factors. We propose a relative valuation approach to quantifying a bubble in housing by incorporating the housing User Cost into a state sp... Read More about Identification of house price bubbles using user cost in a state space model.

Neoclassical growth and the natural resource curse puzzle (2015)
Journal Article
Guilló, M. D., & Pérez-Sebastián, F. (2015). Neoclassical growth and the natural resource curse puzzle. Journal of international economics, 97(2), 423-435. https://doi.org/10.1016/j.jinteco.2015.06.002

We advance a novel mechanism that helps to explain the puzzling evidence on the natural resource curse. The new channel arises in a standard dynamic Heckscher-Ohlin model composed of small-open economies that take international output prices as given... Read More about Neoclassical growth and the natural resource curse puzzle.

The benefits of combining seasonal anomalies and technical trading rules (2015)
Journal Article
Gebka, B., Hudson, R. S., & Atanasova, C. V. (2015). The benefits of combining seasonal anomalies and technical trading rules. Finance research letters, 14, 36-44. https://doi.org/10.1016/j.frl.2015.06.001

Although many seasonal anomalies and technical trading rules have been shown to have predictive ability, investigations have focused only on them operating individually. We study the benefits of trading based on combinations of three of the best know... Read More about The benefits of combining seasonal anomalies and technical trading rules.

Disentangling the European airlines efficiency puzzle: a network data envelopment analysis approach (2015)
Journal Article
Duygun, M., Prior, D., Shaban, M., & Tortosa-Ausina, E. (2016). Disentangling the European airlines efficiency puzzle: a network data envelopment analysis approach. Omega, 60, 2-14. https://doi.org/10.1016/j.omega.2015.06.004

© 2015 Elsevier Ltd. In recent years the European airline industry has undergone critical restructuring. It has evolved from a highly regulated market predominantly operated by national airlines to a dynamic, liberalized industry where airline firms... Read More about Disentangling the European airlines efficiency puzzle: a network data envelopment analysis approach.

The causal effect of schooling on smoking behavior (2015)
Journal Article
Silles, M. (2015). The causal effect of schooling on smoking behavior. Economics of education review, 48, 102-116. https://doi.org/10.1016/j.econedurev.2015.06.004

This paper, using data for Great Britain and Northern Ireland, examines the hypothesis that there is a causal relationship between schooling and cigarette smoking. Compulsory schooling laws are exploited to isolate for causation. Cohorts who were tee... Read More about The causal effect of schooling on smoking behavior.

The effect of internal audit function quality and internal audit contribution to external audit on audit fees (2015)
Journal Article
Mat Zain, M., Zaman, M., & Mohamed, Z. (2015). The effect of internal audit function quality and internal audit contribution to external audit on audit fees. International Journal of Auditing, 19(3), 134-147. https://doi.org/10.1111/ijau.12043

Corporate governance mandates and listing rules identify internal audit functions (IAF) as a central internal control mechanism. External auditors are expected to assess the quality of IAF before placing reliance on its work. We provide evidence on t... Read More about The effect of internal audit function quality and internal audit contribution to external audit on audit fees.

Shari’ah supervision, corporate governance and performance: conventional vs. Islamic banks (2015)
Journal Article
Mollah, S., & Zaman, M. (2015). Shari’ah supervision, corporate governance and performance: conventional vs. Islamic banks. Journal of Banking and Finance, 58, 418-435. https://doi.org/10.1016/j.jbankfin.2015.04.030

The performance and accountability of boards of directors and effectiveness of governance mechanisms continue to be a matter of concern. Focusing on differences between conventional banks and Islamic banks, we examine the effect of (i) Shari’ah super... Read More about Shari’ah supervision, corporate governance and performance: conventional vs. Islamic banks.

How a regulatory capital requirement affects banks' productivity: an application to emerging economies (2015)
Journal Article
Duygun, M., Shaban, M., Sickles, R. C., & Weyman-Jones, T. (2015). How a regulatory capital requirement affects banks' productivity: an application to emerging economies. Journal of productivity analysis, 44(3), 237-248. https://doi.org/10.1007/s11123-015-0451-1

© 2015, Springer Science+Business Media New York. This paper presents a novel approach to measure efficiency and productivity decomposition in the banking systems of emerging economies with a special focus on the role of equity capital. We model the... Read More about How a regulatory capital requirement affects banks' productivity: an application to emerging economies.

How exactly do markets adapt? Evidence from the moving average rule in three developed markets (2015)
Journal Article
Urquhart, A., Gebka, B., & Hudson, R. (2015). How exactly do markets adapt? Evidence from the moving average rule in three developed markets. Journal of International Financial Markets, Institutions and Money, 38, 127-147. https://doi.org/10.1016/j.intfin.2015.05.019

The seminal study by Brock, Lakonishok and LeBaron (1992) (BLL hereafter) found that the moving average rule had strong predictive power over 90 years in the DJIA, and this result was confirmed by Hudson et al. (1996) for the FT30 in the UK and Chen... Read More about How exactly do markets adapt? Evidence from the moving average rule in three developed markets.

Intermediaries in power-laden retail supply chains : an opportunity to improve buyer-supplier relationships and collaboration (2015)
Journal Article
Hingley, M., Lindgreen, A., & Grant, D. B. (2015). Intermediaries in power-laden retail supply chains : an opportunity to improve buyer-supplier relationships and collaboration. Industrial marketing management, 50, 78-84. https://doi.org/10.1016/j.indmarman.2015.05.025

Despite the benefits of buyers and seller collaboration and hence relationships extolled in extensive studies, issues of relationship power inhibit implementation of collaborative and relational approaches, particularly in some parts of the retail Se... Read More about Intermediaries in power-laden retail supply chains : an opportunity to improve buyer-supplier relationships and collaboration.

Towards a general theory of tax practice (2015)
Journal Article
Kirchler, E., & Frecknall-Hughes, J. (2015). Towards a general theory of tax practice. Social & legal studies, 24(2), 289-312. https://doi.org/10.1177/0964663915571787

This article works towards developing a general theory of tax practice by identifying the type of individuals who provide tax services and examining the nature of the fragmented market in which they operate. The empirical studies in the tax practitio... Read More about Towards a general theory of tax practice.

War and stock markets: The effect of World War Two on the British stock market (2015)
Journal Article
Hudson, R., & Urquhart, A. (2015). War and stock markets: The effect of World War Two on the British stock market. International review of financial analysis, 40(July), 166-177. https://doi.org/10.1016/j.irfa.2015.05.015

© 2015 Elsevier Inc. All rights reserved. This paper studies the effect of World War Two (WWII) on the British stock market. It contributes to the literature in several ways. First, this paper thoroughly investigates the impact of historically major... Read More about War and stock markets: The effect of World War Two on the British stock market.

Fiscal policy, growth and income distribution in the UK (2015)
Journal Article
Haughtony, J., Tuerck, D. G., Bhattarai, K., Haughton, J. H., & Tuerck, D. (2015). Fiscal policy, growth and income distribution in the UK. Applied economics and finance, 2(3), 20-36. https://doi.org/10.11114/aef.v2i3.830

Income and income inequality increased substantially in the UK during the industrial revolution. Income inequality was the highest around 1880. This triggered enactments of more egalitarian tax and transfer system, which halved income inequality by t... Read More about Fiscal policy, growth and income distribution in the UK.

International income convergence: Is Latin America actually different? (2015)
Journal Article
King, A., & Ramlogan-Dobson, C. (2015). International income convergence: Is Latin America actually different?. Economic modelling, 49, 212-222. https://doi.org/10.1016/j.econmod.2015.04.008

When unit-root tests are used to test the income convergence hypothesis for individual OECD economies, their growth paths are usually found to be systematically related to that of the benchmark economy (typically, the US). However, more mixed evidenc... Read More about International income convergence: Is Latin America actually different?.

Directors’ share dealings and corporate insolvencies: evidence from the UK (2015)
Journal Article
Ozkan, A., Poletti-Hughes, J., & Trzeciakiewicz, A. (2017). Directors’ share dealings and corporate insolvencies: evidence from the UK. The European journal of finance, 23(5), 427-455. https://doi.org/10.1080/1351847X.2015.1040168

This paper investigates the relation between insider trading and the likelihood of insolvency with a specific focus on the directors’ sale and purchase transactions preceding insolvency. We use a unique data set on directors’ dealings in 474 non-fina... Read More about Directors’ share dealings and corporate insolvencies: evidence from the UK.

Measuring competition using the Boone relative profit difference indicator (2015)
Journal Article
Duygun, M., Shaban, M., & Weyman-Jones, T. (2015). Measuring competition using the Boone relative profit difference indicator. Economics letters, 132, 117-120. https://doi.org/10.1016/j.econlet.2015.04.022

This paper suggests a method for implementing the theoretical relative profit difference test for intensity of competition due to Boone (2008). An empirical illustration is given for banking systems in emerging economies.

Identifying structural breaks in stochastic mortality models (2015)
Journal Article
O’Hare, C., & Li, Y. (2015). Identifying structural breaks in stochastic mortality models. ASCE-ASME Journal of Risk and Uncertainty in Engineering Systems, Part B: Mechanical Engineering, 1(2), Article 021001. https://doi.org/10.1115/1.4029740

In recent years, the issue of life expectancy has become of utmost importance to pension providers, insurance companies, and government bodies in the developed world. Significant and consistent improvements in mortality rates and hence life expectanc... Read More about Identifying structural breaks in stochastic mortality models.

Price discovery in the dual-platform US Treasury market (2015)
Journal Article
Sun, Z., Dunne, P. G., & Li, Y. (2015). Price discovery in the dual-platform US Treasury market. Global finance journal, 28, 95-110. https://doi.org/10.1016/j.gfj.2015.02.001

Inter-dealer trading in US Treasury securities is almost equally divided between two electronic trading platforms that have only slight differences in terms of their relative liquidity and transparency. BrokerTec is more active in the trading of 2-,... Read More about Price discovery in the dual-platform US Treasury market.