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Does firm internationalization improve ESG performance? Evidence from China (2025)
Journal Article
Zhou, J., Wu, K., & Li, Y. (2025). Does firm internationalization improve ESG performance? Evidence from China. International Review of Economics and Finance, 101, Article 104168. https://doi.org/10.1016/j.iref.2025.104168

Amidst the current era of economic globalization, the internationalization of emerging market firms (EMFs) and their sustainable development are increasingly prominent. Environmental, Social, and Governance (ESG) has received widespread attention as... Read More about Does firm internationalization improve ESG performance? Evidence from China.

Stock mispricing, corporate governance and SEOs market timing (2025)
Journal Article
Kumpamool, C., Guney, Y., & Hudson, R. S. (in press). Stock mispricing, corporate governance and SEOs market timing. International Journal of Managerial Finance, https://doi.org/10.1108/IJMF-06-2024-0356

Purpose: This paper examines the presence of stock market timing in Thailand. We explore the potential impact that equity overpricing, stock ownership and corporate board structure have on equity market timing. Design/methodology/approach: We use a c... Read More about Stock mispricing, corporate governance and SEOs market timing.

Employee ownership and workplace democracy: Antidotes to labour market monopsony? (2025)
Journal Article
FitzRoy, F. R., & Nolan, M. A. (in press). Employee ownership and workplace democracy: Antidotes to labour market monopsony?. Journal of Participation and Employee Ownership, https://doi.org/10.1108/JPEO-10-2022-0021

Purpose: We show that employee ownership is more efficient than control by external capital owners/employers. This complements the empirical evidence for benefits of employee ownership surveyed by Mygind and Poulsen (2021), Kruse (2022) and Dow (2003... Read More about Employee ownership and workplace democracy: Antidotes to labour market monopsony?.

Achieving the UN Sustainable Development Goal 6 in Nigeria: Lessons from Bangladesh’s ‘Nature Based Solution’ Approach (2025)
Journal Article
Falade, O. D., & Chowdhury, J. (2025). Achieving the UN Sustainable Development Goal 6 in Nigeria: Lessons from Bangladesh’s ‘Nature Based Solution’ Approach. University of Asia Pacific Journal of Law & Policy, 9(1), 1-23

The United Nations Sustainable Development Goal (SDG) No. 6 is about ensuring adequate and quality water for all by 2030. However, there are concerns that Nigeria will not achieve SDG 6 as its efforts to ensure quality water have proved abortive. Nig... Read More about Achieving the UN Sustainable Development Goal 6 in Nigeria: Lessons from Bangladesh’s ‘Nature Based Solution’ Approach.

The Impact of Say-On-Pay on Firm Efficiency in Anglo-Saxon Economies—Do CEO Personal Traits and CG Mechanisms Matter? (2025)
Journal Article
Joura, E., Gerged, A. M., Xiao, Q., & Ullah, S. (2025). The Impact of Say-On-Pay on Firm Efficiency in Anglo-Saxon Economies—Do CEO Personal Traits and CG Mechanisms Matter?. International journal of finance & economics : IJFE, https://doi.org/10.1002/ijfe.3131

In this study, we explore how the personal traits of CEOs and corporate governance mechanisms moderate the link between Say-on-Pay (SOP) votes and various aspects of firm efficiency. Our sample consists of 1931 firms listed in four Anglo-Saxon econom... Read More about The Impact of Say-On-Pay on Firm Efficiency in Anglo-Saxon Economies—Do CEO Personal Traits and CG Mechanisms Matter?.

Make it Right: Regulatory Intervention in Managers’ Misconduct and Corporate Risk (2025)
Journal Article
He, F., Du, H., Li, Y., & Hao, J. (online). Make it Right: Regulatory Intervention in Managers’ Misconduct and Corporate Risk. Journal of Business Ethics, https://doi.org/10.1007/s10551-025-05934-w

Regulatory intervention is important in shaping corporate behaviour, especially in markets with relatively weak property rights. Using a sample of publicly listed companies in China from 2006 to 2021, this study investigates the impact of regulatory... Read More about Make it Right: Regulatory Intervention in Managers’ Misconduct and Corporate Risk.

The impact of term spread volatility on economic activity (2025)
Journal Article
Megaritis, A., Bakas, D., Bermpei, T., & Triantafyllou, A. (2025). The impact of term spread volatility on economic activity. Economics letters, 247, Article 112190. https://doi.org/10.1016/j.econlet.2025.112190

We examine the impact of the volatility of the US Treasury yield curve slope (term spread volatility) on US economic activity within a VAR framework. Our findings show that a positive shock to term spread volatility leads to a persistent decline in U... Read More about The impact of term spread volatility on economic activity.

Attention allocation: An empirical analysis of the asymmetric market responses to information shocks in China (2025)
Journal Article
Gao, Y., Han, X., Li, Y., Vigne, S. A., & Xiong, X. (online). Attention allocation: An empirical analysis of the asymmetric market responses to information shocks in China. Financial Review, https://doi.org/10.1111/fire.12425

Attention allocation—investors allocate their attention disproportionately within a day—has implications on how the market responds to information. Using high-frequency jumps detected in China, we show that the market underreacts to overnight informa... Read More about Attention allocation: An empirical analysis of the asymmetric market responses to information shocks in China.

Structural Risk Modelling-Indian Mergers & Acquisitions (2025)
Presentation / Conference Contribution
Bhattarai, K., Prasuna, A., & Siva Kumar, S. N. V. (2025, January). Structural Risk Modelling-Indian Mergers & Acquisitions. Paper presented at 2025 ASSA Annual Meeting, San Francisco, California

Primary survey data of Indian M&A transactions were used to test the hypotheses on latent risk factors. A structural equation model (SEM) model was estimated to assess the composite risk factors considering financial, non-financial, and sustainabilit... Read More about Structural Risk Modelling-Indian Mergers & Acquisitions.

Towards Transformative Supply Chain Research and Practice: A Critical Systems Perspective (2024)
Journal Article
Gregory, A., Atkins, J., & Dwivedi, A. (in press). Towards Transformative Supply Chain Research and Practice: A Critical Systems Perspective. Systems research and behavioral science, https://doi.org/10.1002/sres.3108

The argument that the supply chain discipline needed to make an epistemological break with functionalism in favour of a systems approach was made by Mears-Young and Jackson (1997) but it has largely been overlooked. This paper seeks to address this o... Read More about Towards Transformative Supply Chain Research and Practice: A Critical Systems Perspective.

The sword of damocles: Debt and depression (2024)
Journal Article
Zhou, J., Korkmaz, A. G., Li, Y., Yue, P., & Yan, Y. (2025). The sword of damocles: Debt and depression. International review of financial analysis, 98, Article 103877. https://doi.org/10.1016/j.irfa.2024.103877

This paper investigates the heterogeneous effects of formal and informal debt on mental health. We use unique data on Chinese households between 2014 and 2018 to examine the relationship between household debt obtained from different sources and the... Read More about The sword of damocles: Debt and depression.

Combined AHP-GIS methodology for floating offshore wind site selection in South Africa (2024)
Journal Article
Umoh, K., Hasan, A., & Kenjegaliev, A. (2025). Combined AHP-GIS methodology for floating offshore wind site selection in South Africa. Ocean engineering, 317, Article 120037. https://doi.org/10.1016/j.oceaneng.2024.120037

A sustainable approach to site selection can enhance the techno-economic feasibility of floating wind projects. This is because site selection is a multicriteria problem including technical, environmental, social, and economic factors. The issue is m... Read More about Combined AHP-GIS methodology for floating offshore wind site selection in South Africa.

The Magnet Effect of Price Limits: An Agent-Based Approach (2024)
Journal Article
Dong, X., Chen, T., Gao, T., Li, H., & Li, Y. (online). The Magnet Effect of Price Limits: An Agent-Based Approach. Emerging Markets Finance and Trade, https://doi.org/10.1080/1540496X.2024.2434042

In this paper, we study the magnet effect within the context of circuit breaker events that transpired in global stock markets during March 2020. Our analysis encompasses nine such events across six countries. Employing a time-distanced quadratic fun... Read More about The Magnet Effect of Price Limits: An Agent-Based Approach.

Measuring Gender Disaggregated Human Capital Development as Determinants Of Economic Growth In Nigeria (2024)
Journal Article
Tontu-Gukat, B., & Bhattarai, K. (2024). Measuring Gender Disaggregated Human Capital Development as Determinants Of Economic Growth In Nigeria. Journal of Development Economics and Finance, 5(2), 255-270. https://doi.org/10.47509/JDEF.2024.v05i02.02

This study is a gender disaggregated analysis to investigate impact of human capital development on economic growth in Nigeria. The ARDL approach was applied in order to examine the gender disaggregated education, health and gender gap index as deter... Read More about Measuring Gender Disaggregated Human Capital Development as Determinants Of Economic Growth In Nigeria.

The nexus of overnight trend and asset prices in China (2024)
Journal Article
Guo, J., Han, X., Li, K., & Li, Y. (2025). The nexus of overnight trend and asset prices in China. Journal of Economic Dynamics and Control, 170, Article 104997. https://doi.org/10.1016/j.jedc.2024.104997

Leveraging the systematic variations in investor clientele within a day, we validate an adapted version of the Hong and Stein (1999) model that addresses the consequences of slow information diffusion in China. The model predicts that overnight retur... Read More about The nexus of overnight trend and asset prices in China.

Performance of energy ETFs and climate risks (2024)
Journal Article
Nguyen, M. N., Liu, R., & Li, Y. (2025). Performance of energy ETFs and climate risks. Energy Economics, 141, Article 108031. https://doi.org/10.1016/j.eneco.2024.108031

We investigate whether green (brown) portfolios constructed from clean energy ETFs (fossil fuel ETFs) yield positive (negative) returns conditional on climate-related risks. While the green portfolios do not unconditionally outperform the brown ones,... Read More about Performance of energy ETFs and climate risks.

Beyond threats: Extreme heatwaves and economic resilience in China (2024)
Journal Article
Wang, X., Guo, H., Li, Y., & Huang, S. (2025). Beyond threats: Extreme heatwaves and economic resilience in China. Finance research letters, 71, Article 106427. https://doi.org/10.1016/j.frl.2024.106427

This study demonstrates extreme heatwaves have a positive impact on economic resilience in China at the provincial level, utilizing high spatial resolution temperature data. This effect may be attributed to heightened climate policy uncertainty and s... Read More about Beyond threats: Extreme heatwaves and economic resilience in China.

Market Behaviors under the Stock Index Circuit Breaker using an Agent-based Approach (2024)
Journal Article
Dong, X., Li, H., Zhou, J., & Li, Y. (in press). Market Behaviors under the Stock Index Circuit Breaker using an Agent-based Approach. Journal of Systems Science and Systems Engineering, https://doi.org/10.1007/s11518-024-5621-0

In this paper, we combine an agent-based model of multi-asset stock market with circuit breaker mechanism and empirical analysis of S&P 500 Index to study market behaviors under the circuit breaker. The artificial stock market model can reproduce the... Read More about Market Behaviors under the Stock Index Circuit Breaker using an Agent-based Approach.

Essays on Income Inequality, Financial Inclusion, and Economic Growth: Evidence from Nigeria (2024)
Thesis
Ossai, L. (2024). Essays on Income Inequality, Financial Inclusion, and Economic Growth: Evidence from Nigeria. (Thesis). University of Hull. https://hull-repository.worktribe.com/output/4920478

Studies on the relationship between income inequality and economic growth, especially in low-income nations like Nigeria, have garnered significant interest. Some scholars argue that income inequality stimulate economic growth, while others contend i... Read More about Essays on Income Inequality, Financial Inclusion, and Economic Growth: Evidence from Nigeria.