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All Outputs (3)

Better ways to test for herding (2022)
Journal Article
Wang, J., & Hudson, R. (2022). Better ways to test for herding. International journal of finance & economics : IJFE, https://doi.org/10.1002/ijfe.2707

In this article, we outline problems with the standard test for herding developed by Chang, Cheng and Kohrana (2000), subsequently called the CCK test, which is based on the proposition that the cross-sectional absolute deviation of stock returns (CS... Read More about Better ways to test for herding.

How female directors help firms to attain optimal cash holdings (2022)
Journal Article
El Kalak, I., Tosun, O., & Hudson, R. (in press). How female directors help firms to attain optimal cash holdings. International review of financial analysis, Article 102034. https://doi.org/10.1016/j.irfa.2022.102034

Is female board representation helpful for firms attaining optimal cash holdings? We address this question using data on 1,163 US-listed firms for 2000-2017. We show that if there are more female directors on firm boards, ceteris paribus, there is no... Read More about How female directors help firms to attain optimal cash holdings.