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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.

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. Boca Raton: 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.

On a High-Dimensional Model Representation method based on Copulas (2020)
Journal Article
Tsionas, M. G., & Andrikopoulos, A. (2020). On a High-Dimensional Model Representation method based on Copulas. European journal of operational research, 284(3), 967-979. https://doi.org/10.1016/j.ejor.2020.01.026

This article provides an alternative to High-Dimensional Model Representation using a Copula approximation of an unknown functional form. We apply our methodology in the context of an extensive Monte Carlo study and to a sample of large US commercial... Read More about On a High-Dimensional Model Representation method based on Copulas.

Exploring the development of Islamic banking in Nigeria using an actor-network theory perspective (2020)
Journal Article
Sa'id, H. (2020). Exploring the development of Islamic banking in Nigeria using an actor-network theory perspective. Journal of Islamic Accounting and Business Research, https://doi.org/10.1108/JIABR-02-2018-0027

Purpose – The purpose of this paper is to investigate the evolution of Islamic banking in Nigeria. Design/methodology/approach – The paper adopts a qualitative approach using 25 semi-structured interviews together with documentary analysis in order t... Read More about Exploring the development of Islamic banking in Nigeria using an actor-network theory perspective.

Testing moderation effects using non-parametric regressions (2020)
Journal Article
George Assaf, A., Tsionas, M. G., & Andrikopoulos, A. (2020). Testing moderation effects using non-parametric regressions. International Journal of Hospitality Management, 86, Article 102441. https://doi.org/10.1016/j.ijhm.2019.102441

Testing moderation effects is highly common in the hospitality literature. Most theories in the field depend on variables that alter the nature and direction of the relationship between two variables. While moderation continues to be heavily used, me... Read More about Testing moderation effects using non-parametric regressions.

Savings and the informal sector (2020)
Journal Article
Dobson, S., Ramlogan-Dobson, C., & Strobl, E. (2020). Savings and the informal sector. International review of applied economics, 34(2), 217-234. https://doi.org/10.1080/02692171.2019.1707783

© 2020 Informa UK Limited, trading as Taylor & Francis Group. In many countries the informal sector is a vital source of employment and income. But little is known about the impact of this sector on savings, which are crucial in promoting investmen... Read More about Savings and the informal sector.

Stock liquidity and return distribution: Evidence from the London Stock Exchange (2020)
Journal Article
Wang, A., Hudson, R., Rhodes, M., Zhang, S., & Gregoriou, A. (2020). Stock liquidity and return distribution: Evidence from the London Stock Exchange. Finance research letters, Article 101539. https://doi.org/10.1016/j.frl.2020.101539

We investigate the relationship between liquidity and the distribution of returns, for all listed firms on the London Stock Exchange between 2002-2018. We find a strong relationship between the distribution of returns, as measured by skewness and kur... Read More about Stock liquidity and return distribution: Evidence from the London Stock Exchange.