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All Outputs (606)

Board independence, audit quality and earnings management: evidence from Egypt (2016)
Journal Article
Khalil, M., & Ozkan, A. (2016). Board independence, audit quality and earnings management: evidence from Egypt. Journal of emerging market finance, 15(1), 84-118. https://doi.org/10.1177/0972652715623701

Using a unique dataset for Egyptian firms, we investigate the relationship between board independence, audit quality and earnings management. We test whether firm-level corporate governance provisions matter in an emerging market setting characterise... Read More about Board independence, audit quality and earnings management: evidence from Egypt.

Identifying the relative importance of stock characteristics (2016)
Journal Article
French, D., Wu, Y., & Li, Y. (2016). Identifying the relative importance of stock characteristics. Journal of Multinational Financial Management, 34, 80-91. https://doi.org/10.1016/j.mulfin.2016.01.002

There is no consensus in the literature as to which stock characteristic best explains returns. In this study, we employ a novel econometric approach better suited than the traditional characteristic sorting method to answer this question for the UK... Read More about Identifying the relative importance of stock characteristics.

Equity market contagion during global financial and Eurozone crises : evidence from a dynamic correlation analysis (2016)
Journal Article
Mollah, S., Quoreshi, A. M. M. S., & Zafirov, G. (2016). Equity market contagion during global financial and Eurozone crises : evidence from a dynamic correlation analysis. Journal of International Financial Markets, Institutions and Money, 41, 151-167. https://doi.org/10.1016/j.intfin.2015.12.010

The devastation resulting from the recent global financial and Eurozone crises is immense. Most researchers commonly believe that the global financial crisis originated in the United States, and spread immediately to global financial hubs where it ev... Read More about Equity market contagion during global financial and Eurozone crises : evidence from a dynamic correlation analysis.

Do rating grades convey important information: German evidence? (2016)
Journal Article
Kenjegaliev, A., Duygun, M., & Mamedshakhova, D. (2016). Do rating grades convey important information: German evidence?. Economic modelling, 53, 334-344. https://doi.org/10.1016/j.econmod.2015.11.021

© 2015 Elsevier B.V. In this paper we investigate the impact of credit rating changes on German stock market. We evaluate daily abnormal stock returns of companies listed on the Frankfurt Stock Exchange (HDAX). Rating upgrades and downgrades are made... Read More about Do rating grades convey important information: German evidence?.

Is there club convergence in Latin America? (2016)
Journal Article
King, A., & Ramlogan-Dobson, C. (2016). Is there club convergence in Latin America?. Empirical economics, 51(3), 1011-1031. https://doi.org/10.1007/s00181-015-1040-x

Previous studies of the income convergence hypothesis for Latin American economies indicate that almost all are not systematically closing their income gap with developed nations. The few studies to consider whether they instead exhibit club converge... Read More about Is there club convergence in Latin America?.

Integrating methods for ecosystem service assessment and valuation: mixed methods or mixed messages? (2015)
Journal Article
Hattam, C., Böhnke-Henrichs, A., Börger, T., Burdon, D., Hadjimichael, M., Delaney, A., Atkins, J. P., Garrard, S., & Austen, M. C. (2015). Integrating methods for ecosystem service assessment and valuation: mixed methods or mixed messages?. Ecological economics : the journal of the International Society for Ecological Economics, 120, 126-138. https://doi.org/10.1016/j.ecolecon.2015.10.011

A mixed-method approach was used to assess and value the ecosystem services derived from the Dogger Bank, an extensive shallow sandbank in the southern North Sea. Three parallel studies were undertaken that 1) identified and quantified, where possibl... Read More about Integrating methods for ecosystem service assessment and valuation: mixed methods or mixed messages?.

Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK (2015)
Journal Article
Ali, A., Akbar, S., & Ormrod, P. (2016). Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK. Accounting Forum, 40(1), 45-62. https://doi.org/10.1016/j.accfor.2015.12.001

© 2015 Elsevier Ltd. This study examines the extent to which the change from UK GAAP to IFRS has affected companies listed on the Alternative Investment Market (AIM) in the UK. The results suggest that, on average, profit reported under IFRS is highe... Read More about Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK.

Liquidity and market efficiency in the world's largest carbon market (2015)
Journal Article
Ibikunle, G., Gregoriou, A., Hoepner, A. G. F., & Rhodes, M. (2016). Liquidity and market efficiency in the world's largest carbon market. The British accounting review, 48(4), 431-447. https://doi.org/10.1016/j.bar.2015.11.001

We investigate liquidity and market efficiency on the world's largest carbon exchange, IntercontinentalExchange Inc.’s European Climate Exchange (ECX), by using intraday short-horizon return predictability as an inverse indicator of market efficiency... Read More about Liquidity and market efficiency in the world's largest carbon market.

The effect of size on the failure probabilities of SMEs : an empirical study on the US market using discrete hazard model (2015)
Journal Article
El Kalak, I., & Hudson, R. (2016). The effect of size on the failure probabilities of SMEs : an empirical study on the US market using discrete hazard model. International review of financial analysis, 43(January), 135-145. https://doi.org/10.1016/j.irfa.2015.11.009

This paper investigates the extent to which the size affects the SME probabilities of bankruptcy. Using a dataset of (11,117) US non-financial firms, of which (465) filed for insolvency under chapters 7/11 between 1980 and 2013. We forecast the bankr... Read More about The effect of size on the failure probabilities of SMEs : an empirical study on the US market using discrete hazard model.

Measuring performance of non-profit organisations: evidence from large charities (2015)
Journal Article
Boateng, A., Akamavi, R. K., & Ndoro, G. (2016). Measuring performance of non-profit organisations: evidence from large charities. Business ethics : a European review, 25(1), 59-74. https://doi.org/10.1111/beer.12108

How to measure performance in charitable organisations continues to excite interest among academics and practitioners. Despite the intellectual interest, little consensus has emerged as to what are the best measures of performance in charities. This... Read More about Measuring performance of non-profit organisations: evidence from large charities.

From one to many central plans: drug advertising inspections and intra-national protectionism in China (2015)
Journal Article
Eberhardt, M., Wang, Z., & Yu, Z. (2016). From one to many central plans: drug advertising inspections and intra-national protectionism in China. Journal of comparative economics, 44(3), 608-622. https://doi.org/10.1016/j.jce.2015.10.012

This paper provides the first micro-level evidence for the existence and patterns of intra-national protectionism in China. We demonstrate that drug advertising inspections are used by provincial governments to discriminate against firms from outside... Read More about From one to many central plans: drug advertising inspections and intra-national protectionism in China.

Do house prices overreact to relevant information? New evidence from the UK housing market (2015)
Journal Article
Hudson, R., Manahov, V., Metcalf, H., & Zhang, H. (in press). Do house prices overreact to relevant information? New evidence from the UK housing market. Investment management & financial innovations, 12(3), 33-46

We use recent panel data and various empirical models to investigate the validity of the irrational expectations hypothesis and the feedback theory in the UK housing market. We provide the first empirical evidence to justify the statistically signifi... Read More about Do house prices overreact to relevant information? New evidence from the UK housing market.

Integrating natural and social sciences to manage sustainably vectors of change in the marine environment: Dogger Bank transnational case study (2015)
Journal Article
Burdon, D., Boyes, S. J., Elliott, M., Smyth, K., Atkins, J. P., Barnes, R. A., & Wurzel, R. K. (2018). Integrating natural and social sciences to manage sustainably vectors of change in the marine environment: Dogger Bank transnational case study. Estuarine, coastal and shelf science, 201, 234-247. https://doi.org/10.1016/j.ecss.2015.09.012

© 2015 Elsevier Ltd. The management of marine resources is a complex process driven by the dynamics of the natural system and the influence of stakeholders including policy-makers. An integration of natural and social sciences research is required by... Read More about Integrating natural and social sciences to manage sustainably vectors of change in the marine environment: Dogger Bank transnational case study.

Investor sentiment and local bias in extreme circumstances: the case of the Blitz (2015)
Journal Article
Urquhart, A., & Hudson, R. (2016). Investor sentiment and local bias in extreme circumstances: the case of the Blitz. Research in international business and finance, 36(January), 340-350. https://doi.org/10.1016/j.ribaf.2015.09.010

© 2015 Elsevier B.V. This paper treats the Blitz, the bombing of Britain during World War Two, as a natural experiment which can provide insights into the effects of investor sentiment on stock returns. The period of the Blitz is very interesting in... Read More about Investor sentiment and local bias in extreme circumstances: the case of the Blitz.

Determinants of International Student Migration (2015)
Journal Article
Abbott, A., & Silles, M. (2016). Determinants of International Student Migration. The World economy, 39(5), 621-635. https://doi.org/10.1111/twec.12319

© 2016 John Wiley & Sons Ltd. This paper considers what factors determine the migration of overseas students, when students cross borders for higher education. We utilise a gravity model for international student mobility and derive estimates for a... Read More about Determinants of International Student Migration.

The natural resource curse and fiscal decentralization (2015)
Journal Article
Pérez-Sebastián, F., & Raveh, O. (2016). The natural resource curse and fiscal decentralization. American journal of agricultural economics, 98(1), 212-230. https://doi.org/10.1093/ajae/aav051

© 2015 The Author. Natural resource abundance is a blessing for some countries, but a curse for others. We show that differences across countries in the degree of fiscal decentralization can contribute to this divergent outcome. Using a large panel o... Read More about The natural resource curse and fiscal decentralization.

Fiscal illusion and cyclical government expenditure: State government expenditure in the United States (2015)
Journal Article
Abbott, A., & Jones, P. (2016). Fiscal illusion and cyclical government expenditure: State government expenditure in the United States. Scottish journal of political economy, 63(2), 177-193. https://doi.org/10.1111/sjpe.12095

© 2016 Scottish Economic Society. A well-established literature argues that fiscal illusion increases the level of government expenditure. This article focuses on the proposition that fiscal illusion also influences the cyclicality of government expe... Read More about Fiscal illusion and cyclical government expenditure: State government expenditure in the United States.

The impact of children on women’s labour supply and earnings in the UK: evidence using twin births (2015)
Journal Article
Silles, M. A. (2016). The impact of children on women’s labour supply and earnings in the UK: evidence using twin births. Oxford economic papers, 68(1), 197-216. https://doi.org/10.1093/oep/gpv055

The objective of this paper is to investigate the effect of children on women’s labour supply and earnings for the United Kingdom. Estimating the causal relationship between family size and economic status is complicated because the same factors that... Read More about The impact of children on women’s labour supply and earnings in the UK: evidence using twin births.