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All Outputs (491)

The public and private marginal product of capital (2018)
Journal Article
Lowe, M., Papageorgiou, C., & Perez Sebastian, F. (2019). The public and private marginal product of capital. Economica, 86(342), 336-361. https://doi.org/10.1111/ecca.12268

Why doesn't capital flow to developing countries as predicted by the neoclassical model? What are the direction and degree of capital misallocation across nations? We revisit these questions by removing public capital from total capital to achieve a... Read More about The public and private marginal product of capital.

Dividend policy of Indonesian listed firms: The role of families and the state (2018)
Journal Article
Duygun, M., Guney, Y., & Moin, A. (2018). Dividend policy of Indonesian listed firms: The role of families and the state. Economic modelling, 75, 336-354. https://doi.org/10.1016/j.econmod.2018.07.007

We investigate factors influencing the dividend policy of the listed Indonesian firms by focusing on agency costs and ownership structure. Our study finds that firms with higher conflicts of interest among managers and shareholders pay lower dividend... Read More about Dividend policy of Indonesian listed firms: The role of families and the state.

Price discovery in the Chinese gold market (2018)
Journal Article
Jin, M., Li, Y., Wang, J., & Yang, Y. C. (2018). Price discovery in the Chinese gold market. Journal of Futures Markets, 38(10), 1262-1281. https://doi.org/10.1002/fut.21938

This study conducts price discovery analysis in the Chinese gold market. Our results indicate that Chinese gold market price discovery occurs predominantly in the futures market. The result is robust to numerous different measures of price discovery,... Read More about Price discovery in the Chinese gold market.

A proposed interdisciplinary framework for the environmental management of water and air-borne emissions in maritime logistics (2018)
Journal Article
Grant, D. B., & Elliott, M. (2018). A proposed interdisciplinary framework for the environmental management of water and air-borne emissions in maritime logistics. Ocean and Coastal Management, 163, 162-172. https://doi.org/10.1016/j.ocecoaman.2018.06.011

This paper develops and tests a conceptual environmental risk assessment and management framework to guide businesses and other stakeholders, including government, in defining and addressing potential environmental problems in ocean shipping and port... Read More about A proposed interdisciplinary framework for the environmental management of water and air-borne emissions in maritime logistics.

A firm-level analysis of the upstream-downstream dichotomy in the oil-stock nexus (2018)
Journal Article
Swaray, R., & Salisu, A. A. (2018). A firm-level analysis of the upstream-downstream dichotomy in the oil-stock nexus. Global finance journal, 37, 199-218. https://doi.org/10.1016/j.gfj.2018.05.007

In this paper, we query whether the stock prices of nonintegrated firms in the upstream and downstream sectors of the global oil supply chain respond symmetrically to changes in oil prices. This inquiry relates to the “homogenous expectation” assumpt... Read More about A firm-level analysis of the upstream-downstream dichotomy in the oil-stock nexus.

Investigating effects of organisational culture and learning on environmental collaboration and performance of Korean exporting firms (2018)
Journal Article
Bae, H.-S., & Grant, D. B. (2018). Investigating effects of organisational culture and learning on environmental collaboration and performance of Korean exporting firms. International Journal of Logistics Research and Applications, 21(6), 614-630. https://doi.org/10.1080/13675567.2018.1470232

© 2018 Informa UK Limited, trading as Taylor & Francis Group This paper presents an empirical study of the effect of organisational culture and learning capability factors on environmental collaboration and performance in green supply chains. A con... Read More about Investigating effects of organisational culture and learning on environmental collaboration and performance of Korean exporting firms.

Long memory in financial markets: A heterogeneous agent model perspective (2018)
Journal Article
Zheng, M., Liu, R., & Li, Y. (2018). Long memory in financial markets: A heterogeneous agent model perspective. International review of financial analysis, 58, 38-51. https://doi.org/10.1016/j.irfa.2018.04.001

During last decades, studies on asset pricing models witnessed a paradigm shift from rational expectation and representative agent to an alternative, behavioral view, where agents are heterogeneous and boundedly rational. In this paper, we model the... Read More about Long memory in financial markets: A heterogeneous agent model perspective.

Initial public offerings in China: Underpricing, statistics and developing literature (2018)
Journal Article
Azevedo, A., Guney, Y., & Leng, J. (2018). Initial public offerings in China: Underpricing, statistics and developing literature. Research in international business and finance, 46, 387-398. https://doi.org/10.1016/j.ribaf.2018.04.011

We review more than two decades of literature on initial public offerings (IPOs) in China, discussing the research hypotheses that have been studied as well as the main findings. We summarize past and current developments in the literature and highli... Read More about Initial public offerings in China: Underpricing, statistics and developing literature.

Did long-memory of liquidity signal the European sovereign debt crisis? (2018)
Journal Article
Sun, Z., Hamill, P. A., Li, Y., Yang, Y. C., & Vigne, S. A. (2019). Did long-memory of liquidity signal the European sovereign debt crisis?. Annals of Operations Research, 282(1-2), 355-377. https://doi.org/10.1007/s10479-018-2850-y

This paper analyses high frequency MTS data to comprehensively evaluate the liquidity of the European sovereign bond markets before and during the European sovereign debt crisis for eleven countries. The Hill index, Generalized Hurst exponent and Dyn... Read More about Did long-memory of liquidity signal the European sovereign debt crisis?.

The role of country-level institutional factors in escaping the natural resource curse: Insights from Ghana (2018)
Journal Article
Adams, D., Ullah, S., Akhtar, P., Adams, K., & Saidi, S. (2019). The role of country-level institutional factors in escaping the natural resource curse: Insights from Ghana. Resources policy, 61, 433-440. https://doi.org/10.1016/j.resourpol.2018.03.005

Empirical research shows that developing countries that are rich in natural resources tend to suffer slow economic growth and development due to various factors such as quality of institutions, governance, among others. The phenomenon of slow growth... Read More about The role of country-level institutional factors in escaping the natural resource curse: Insights from Ghana.

Determinants of corporate cash holdings: An empirical study of Chinese listed firms (2018)
Journal Article
Ahmed, R., Qi, W., Ullah, S., & Kimani, D. (2018). Determinants of corporate cash holdings: An empirical study of Chinese listed firms. Corporate Ownership and Control, 15(3), 57-65. https://doi.org/10.22495/cocv15i3art5

This study explores the determinants of corporate cash holdings in the Chinese context. As one of the largest developing countries in the world, China offers an interesting opportunity to explore the role of corporate governance, and ownership struct... Read More about Determinants of corporate cash holdings: An empirical study of Chinese listed firms.

International evidence on the determinants of organisational ethical vulnerability (2018)
Journal Article
Ullah, S., Ahmad, S., Akbar, S., & Kodwani, D. (2019). International evidence on the determinants of organisational ethical vulnerability. British Journal of Management, 30(3), 668-691. https://doi.org/10.1111/1467-8551.12289

This paper proposes a model to explain what makes organisations ethically vulnerable. Drawing upon legitimacy, institutional, agency and individual moral reasoning theories we consider three sets of explanatory factors and examine their association w... Read More about International evidence on the determinants of organisational ethical vulnerability.

Credibility of sustainability reports: The contribution of audit committees (2018)
Journal Article
Al-Shaer, H., & Zaman, M. (2018). Credibility of sustainability reports: The contribution of audit committees. Business strategy and the environment : BSE, 27(7), 973-986. https://doi.org/10.1002/bse.2046

Concerns about the credibility of sustainability reports can be mitigated through assurance. Although audit committee remit encompasses monitoring of sustainability issues, there are potential complementary and substitution issues between governance... Read More about Credibility of sustainability reports: The contribution of audit committees.

International evidence on the determinants of organizational ethical vulnerability (2018)
Journal Article
Ullah, S., Ahmad, S., Akbar, S., & Kodwani, D. (2019). International evidence on the determinants of organizational ethical vulnerability. British Journal of Management, 30(3), 668-691. https://doi.org/10.1111/1467-8551.12289

This paper proposes a model to explain what makes organisations ethically vulnerable. Drawing upon legitimacy, institutional, agency and individual moral reasoning theories we consider three sets of explanatory factors and examine their association w... Read More about International evidence on the determinants of organizational ethical vulnerability.

Corporate governance, critical junctures and ethnic politics: Ownership and boards in Malaysia (2018)
Journal Article
Mohamad-Yusof, N. Z., Wickramasinghe, D., & Zaman, M. (2018). Corporate governance, critical junctures and ethnic politics: Ownership and boards in Malaysia. Critical Perspectives On Accounting, 55, 33-52. https://doi.org/10.1016/j.cpa.2017.12.006

Quotas and affirmative policies are often implicated in debates on corporate governance. This paper examines critical junctures and the role of willful actors in mobilizing their ethnic and political positions to affect governance reforms in Malaysia... Read More about Corporate governance, critical junctures and ethnic politics: Ownership and boards in Malaysia.

An analysis of liquidity skewness for European sovereign bond markets (2018)
Journal Article
Yan, W., Hamill, P., Li, Y., Vigne, S. A., & Waterworth, J. (2018). An analysis of liquidity skewness for European sovereign bond markets. Finance research letters, 26, 274-280. https://doi.org/10.1016/j.frl.2018.02.027

We examine liquidity skewness by providing an analysis of bid-ask spreads for a comprehensive high-frequency dataset comprising Eurozone countries’ sovereign bonds. European sovereign bond markets exhibited increasing positive skewness over the sampl... Read More about An analysis of liquidity skewness for European sovereign bond markets.

Strategic adoption of logistics and supply chain management (2018)
Journal Article
Sweeney, E., Grant, D. B., & Mangan, D. J. (2018). Strategic adoption of logistics and supply chain management. International Journal of Operations and Production Management, 38(3), 852-873. https://doi.org/10.1108/IJOPM-05-2016-0258

© 2018, Emerald Publishing Limited. Purpose: The purpose of this paper is to develop a thorough understanding of the adoption of logistics and supply chain management (SCM) in practice, particularly at a strategic level, through an investigation of t... Read More about Strategic adoption of logistics and supply chain management.

Financial and corporate social performance in the UK listed firms: the relevance of non-linearity and lag effects (2018)
Journal Article
Adegbite, E., Guney, Y., Kwabi, F., & Tahir, S. (2019). Financial and corporate social performance in the UK listed firms: the relevance of non-linearity and lag effects. Review of Quantitative Finance and Accounting, 52(1), 105-158. https://doi.org/10.1007/s11156-018-0705-x

Using environmental, social and governance scores compiled by Reuters Datas-tream for each company's corporate social performance (CSP), we examine the relationship between CSP and corporate financial performance (CFP) of 314 UK listed companies over... Read More about Financial and corporate social performance in the UK listed firms: the relevance of non-linearity and lag effects.

Asset allocation with time series momentum and reversal (2018)
Journal Article
He, X.-Z., Li, K., & Li, Y. (2018). Asset allocation with time series momentum and reversal. Journal of Economic Dynamics and Control, 91, 441-457. https://doi.org/10.1016/j.jedc.2018.02.004

To capture the well documented time series momentum and reversal in asset price, we develop a continuous-time asset price model, derive the optimal investment strategy theoretically, and test the strategy empirically. We show that, by combining marke... Read More about Asset allocation with time series momentum and reversal.