All Outputs (26)

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.

The impact of climate policy uncertainty on stock price synchronicity: Evidence from China (2024)
Journal Article
Li, M., Han, X., & Li, Y. (2024). The impact of climate policy uncertainty on stock price synchronicity: Evidence from China. Finance research letters, 69, Article 106166. https://doi.org/10.1016/j.frl.2024.106166

This paper examines the broad impact of climate policy uncertainty (CPU) on stock price synchronicity (SYN) using a newly developed news-based index. Our analysis covers listed firms in China from 2000 to 2022. We find that CPU significantly and nega... Read More about The impact of climate policy uncertainty on stock price synchronicity: Evidence from China.

How have journal quality rankings impacted on accounting education and history scholarship in the UK? (2024)
Journal Article
Hudson, R. (in press). How have journal quality rankings impacted on accounting education and history scholarship in the UK?. Accounting education, https://doi.org/10.1080/09639284.2024.2399556

This paper revisits the debate about the potential effect of poor journal quality rankings on accounting education and accounting history scholarship in the UK to see what can be learnt from approximately a decade of subsequent publishing experience.... Read More about How have journal quality rankings impacted on accounting education and history scholarship in the UK?.

Automated Machine Learning and Asset Pricing (2024)
Journal Article
Healy, J. V., Gregoriou, A., & Hudson, R. (2024). Automated Machine Learning and Asset Pricing. Risks, 12(9), Article 148. https://doi.org/10.3390/risks12090148

We evaluate whether machine learning methods can better model excess portfolio returns compared to the standard regression-based strategies generally used in the finance and econometric literature. We examine 17 benchmark factor model specifications... Read More about Automated Machine Learning and Asset Pricing.

Perception of corruption as a business obstacle, generalized trust and relation centrism in low- and middle-income nations: the moderating influence of governance (2024)
Journal Article
Olarewaju, T., Tamvada, J. P., McDowall-Emefiele, S., & Swaray, R. (online). Perception of corruption as a business obstacle, generalized trust and relation centrism in low- and middle-income nations: the moderating influence of governance. Review of Managerial Science, https://doi.org/10.1007/s11846-024-00802-9

We examine regional differences in how generalized trust and relation centrism influence how 16,785 firms across 20 lower- and middle-income countries perceive corruption as a business obstacle. Using the machine learning method LASSO, our empirical... Read More about Perception of corruption as a business obstacle, generalized trust and relation centrism in low- and middle-income nations: the moderating influence of governance.

The term structure of interest rates as predictor of stock market volatility (2024)
Journal Article
Megaritis, A., Kontonikas, A., Vlastakis, N., & Triantafyllou, A. (online). The term structure of interest rates as predictor of stock market volatility. International journal of finance & economics : IJFE, https://doi.org/10.1002/ijfe.3029

We examine the forecasting power of the volatility of the slope of the US Treasury yield curve on US stock market volatility. Consistent with theoretical asset pricing models, we find that the volatility of the slope of the term structure of interest... Read More about The term structure of interest rates as predictor of stock market volatility.

Responding to incentives or gaming the system? How UK business academics respond to the Academic Journal Guide (2024)
Journal Article
Hudson, R. (2024). Responding to incentives or gaming the system? How UK business academics respond to the Academic Journal Guide. Research Policy, 53(9), Article 105082. https://doi.org/10.1016/j.respol.2024.105082

Journal lists for the assessment of academic performance are widely used worldwide and inform many important decisions, such as, academic workload, salary, hiring, promotion, and tenure. The use of such lists, however, has long been a very controvers... Read More about Responding to incentives or gaming the system? How UK business academics respond to the Academic Journal Guide.

Social responsibility and corporate borrowing (2024)
Journal Article
Liu, H., Li, Y., Xiao, Y., Xiong, X., & Zhang, W. (in press). Social responsibility and corporate borrowing. The European journal of finance, https://doi.org/10.1080/1351847X.2024.2377356

We study the impact of social capital, measured by corporate social responsibility (CSR) performance, on corporate borrowing. Using a sample of 120,204 bank loan applications of China's listed firms, we find that an increase in CSR performance increa... Read More about Social responsibility and corporate borrowing.

Effectiveness of Socio-Technical Assistance (STA) Program for Vulnerable Beneficiaries: Evidence from Nepal’s Post-Earthquake Reconstruction (2024)
Journal Article
Bhusal, N. P., Bhattarai, K., & Walkley, F. (2024). Effectiveness of Socio-Technical Assistance (STA) Program for Vulnerable Beneficiaries: Evidence from Nepal’s Post-Earthquake Reconstruction. Sustainability, 16(15), Article 6284. https://doi.org/10.3390/su16156284

This research study assesses the effectiveness of the Socio-Technical Assistance (STA) program when combined with owner-driven housing reconstruction on rural private housing recovery after Nepal’s 2015 earthquake, particularly regarding vulnerable h... Read More about Effectiveness of Socio-Technical Assistance (STA) Program for Vulnerable Beneficiaries: Evidence from Nepal’s Post-Earthquake Reconstruction.

Linking marine habitats and economic values: A spatial scaling methodology for valuing societal benefits (2024)
Journal Article
Burdon, D., Barnard, S., Strong, J. A., & Atkins, J. P. (2024). Linking marine habitats and economic values: A spatial scaling methodology for valuing societal benefits. Ecological economics : the journal of the International Society for Ecological Economics, 224, Article 108316. https://doi.org/10.1016/j.ecolecon.2024.108316

There is a growing call to better understand society's relationship with the natural environment and the environment's economic contribution to the economy and human well-being. This paper presents a new methodology for estimating the spatial monetar... Read More about Linking marine habitats and economic values: A spatial scaling methodology for valuing societal benefits.

Biodiversity and Risk in the Financial Sector (2024)
Journal Article
Hudson, R. (in press). Biodiversity and Risk in the Financial Sector. Journal of sustainable finance and accounting,

The worldwide loss of biodiversity is an extremely serious problem. The economic costs involved are similar, if not larger, than those related to climate change. This problem is now being addressed with some urgency by governmental and inter-govern... Read More about Biodiversity and Risk in the Financial Sector.

Analysts’ forecast anchoring and discontinuous market reaction: evidence from China (2024)
Journal Article
Fan, R., Xiong, X., Li, Y., & Gao, Y. (in press). Analysts’ forecast anchoring and discontinuous market reaction: evidence from China. The European journal of finance, https://doi.org/10.1080/1351847X.2024.2343113

Based on a comprehensive dataset of Chinese A-share stocks, we find significant evidence for analysts’ anchoring in China. This anchoring behavior exists only when forecasts are lower than the industry median and correlates to a series of analysts’ a... Read More about Analysts’ forecast anchoring and discontinuous market reaction: evidence from China.