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Professor Robert Hudson's Outputs (61)

Stock Mispricing, Corporate Governance, and SEOs Market Timing (2025)
Journal Article
Kumpamool, C., Guney, Y., & Hudson, R. (online). 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... Read More about Stock Mispricing, Corporate Governance, and SEOs Market Timing.

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.

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.

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.

Banking stability and efficiency in the MENA region : disentangling the impact of distress, competition and regulation (2023)
Thesis
Karapappas, A. Banking stability and efficiency in the MENA region : disentangling the impact of distress, competition and regulation. (Thesis). University of Hull. https://hull-repository.worktribe.com/output/4292414

The core research subject of the thesis is banking stability. I explore banking stability and efficiency for the Middle East, North Africa (MENA) region and empirically disentangle the role of bank distress, competition and regulation using empirical... Read More about Banking stability and efficiency in the MENA region : disentangling the impact of distress, competition and regulation.

Managerial overconfidence and corporate cash holdings: Evidence from primary and secondary data (2023)
Journal Article
Dao, T. T. N., Guney, Y., & Hudson, R. (2023). Managerial overconfidence and corporate cash holdings: Evidence from primary and secondary data. Research in international business and finance, 65, Article 101943. https://doi.org/10.1016/j.ribaf.2023.101943

The corporate finance literature argues that overconfident managers tend to hold less cash, and this leads to a significant deviation from optimal cash levels. We analyse the impact of executive overconfidence on the corporate cash holdings of listed... Read More about Managerial overconfidence and corporate cash holdings: Evidence from primary and secondary data.

Modelling credit and investment decisions based on AI algorithmic behavioral pathways (2023)
Journal Article
Rodgers, W., Hudson, R., & Economou, F. (2023). Modelling credit and investment decisions based on AI algorithmic behavioral pathways. Technological Forecasting and Social Change, 191, Article 122471. https://doi.org/10.1016/j.techfore.2023.122471

This paper provides a new approach to understanding bankers' risk-taking behavior. We build upon prior studies that suggest artificial intelligence algorithms are an effective approach to obtaining this understanding. Our approach uses behavioral fin... Read More about Modelling credit and investment decisions based on AI algorithmic behavioral pathways.

Testing for herding using different return definitions: a comparison between simple and logarithmic returns (2023)
Journal Article
Wang, J., & Hudson, R. (2023). Testing for herding using different return definitions: a comparison between simple and logarithmic returns. Economics Bulletin, 43(2), 1070-1080

We outline theoretically why different return measures (simple or logarithmic) may affect tests for herding. Comprehensive empirical tests using data from many major world financial markets confirm that different returns measures do frequently lead t... Read More about Testing for herding using different return definitions: a comparison between simple and logarithmic returns.

Engaged ETFs and firm performance (2023)
Journal Article
El Kalak, I., Hudson, R., & Kemal Tosun, O. (2023). Engaged ETFs and firm performance. European Financial Management, https://doi.org/10.1111/eufm.12459

Exchange Traded Funds (ETFs) have often tracked indices and charged low fees so their incentives to improve firm performance are questionable although little empirical work has investigated this issue. Theoretically, however, we expect firms to perfo... Read More about Engaged ETFs and firm performance.

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
Tosun, O. K., El Kalak, I., & Hudson, R. (2022). How female directors help firms to attain optimal cash holdings. International review of financial analysis, 80, 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 1163 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.

Evidence of herding behaviour in stock markets (2021)
Thesis
Wang, J. Evidence of herding behaviour in stock markets. (Thesis). University of Hull. https://hull-repository.worktribe.com/output/4224272

This thesis investigates herding behaviour among major world stock markets from 2002 to 2018. It also studies the herding behaviour at sector level from 2001 to 2020. In the first chapter, we introduce the background and motivation for this study. In... Read More about Evidence of herding behaviour in stock markets.

Economic policy uncertainty and cross-border mergers and acquisitions (2021)
Journal Article
Gregoriou, A., Nguyen, B. D., Nguyen, T. D., Le, H., & Hudson, R. (2021). Economic policy uncertainty and cross-border mergers and acquisitions. International review of financial analysis, 78, Article 101911. https://doi.org/10.1016/j.irfa.2021.101911

We examine the impact of policy uncertainty on cross-border mergers and acquisitions (M&As). Using a sample of 23 countries worldwide over the period from 2003 to 2016, we provide evidence that when a country has high policy uncertainty, the volume o... Read More about Economic policy uncertainty and cross-border mergers and acquisitions.

Naval Disasters, World War Two and the British Stock Market (2021)
Journal Article
Hudson, R., & Urquhart, A. (2022). Naval Disasters, World War Two and the British Stock Market. Research in international business and finance, 59, Article 101556. https://doi.org/10.1016/j.ribaf.2021.101556

This paper studies investor sentiment by examining the impact on the British stock market of naval disasters. Since the British Empire was a world power and its navy was held in great regard, Britain was dependent on control of the sea for survival d... Read More about Naval Disasters, World War Two and the British Stock Market.

Nonlinearity everywhere: implications for empirical finance, technical analysis and value at risk (2021)
Journal Article
Amini, S., Hudson, R., Urquhart, A., & Wang, J. (in press). Nonlinearity everywhere: implications for empirical finance, technical analysis and value at risk. The European journal of finance, https://doi.org/10.1080/1351847X.2021.1900888

We show that expected returns on US stocks and all major global stock market indices have a particular form of non-linear dependence on previous returns. The expected sign of returns tends to reverse after large price movements and trends tend to con... Read More about Nonlinearity everywhere: implications for empirical finance, technical analysis and value at risk.

The implications of liquidity ratios: Evidence from Pakistan stock exchange limited (2020)
Journal Article
Ahmed, R., ullah, S., Hudson, R., & Gregoriou, A. (in press). The implications of liquidity ratios: Evidence from Pakistan stock exchange limited. Quarterly Review of Economics and Finance, https://doi.org/10.1016/j.qref.2020.12.006

In this paper we test two recently developed liquidity measures the Return-to-Turnover (hereafter RtoTR) proposed by Florackis et al. (2011) and Return-to-Volume (hereafter RtoV) recommended by Amihud, 2002, for 386 companies listed on the Pakistani... Read More about The implications of liquidity ratios: Evidence from Pakistan stock exchange limited.