Outputs (50)

Selling to buy: Asset sales and acquisitions (2020)
Journal Article
Mavis, C. P., McNamee, N. P., Petmezas, D., & Travlos, N. G. (2020). Selling to buy: Asset sales and acquisitions. Journal of Corporate Finance, 62, Article 101587. https://doi.org/10.1016/j.jcorpfin.2020.101587

This study explores the impact of joint corporate asset restructuring decisions, where firms sell an asset in order to fund a subsequent acquisition (selling-to-buy). We find that firms with asset sales are associated with increased acquisition proba... Read More about Selling to buy: Asset sales and acquisitions.

Investor sentiment and the pre-FOMC announcement drift (2020)
Journal Article
Guo, H., Hung, D. C.-H., & Kontonikas, A. (2021). Investor sentiment and the pre-FOMC announcement drift. Finance Research Letters, 38, Article 101443. https://doi.org/10.1016/j.frl.2020.101443

We find that the stock market increases significantly over the pre-FOMC announcement window only during periods of high investor sentiment and low economic policy uncertainty. Buy-initiated trades associated with high sentiment are positively related... Read More about Investor sentiment and the pre-FOMC announcement drift.

Measuring firms' market orientation using textual analysis of 10-K filings (2020)
Journal Article
Andreou, P., Harris, T., & Philip, D. (2020). Measuring firms' market orientation using textual analysis of 10-K filings. British Journal of Management, 31(4), 8725-895. https://doi.org/10.1111/1467-8551.12391

Market‐oriented firms are committed to understanding their customers’ evolving expectations and meeting their needs, while outwitting competitors, to achieve a sustainable competitive advantage and improve performance. This paper develops a measure f... Read More about Measuring firms' market orientation using textual analysis of 10-K filings.

Corporate Environmental Proactivity: Evidence from the European Union’s Emissions Trading System (2020)
Journal Article
Andreou, P., & Kellard, N. (2021). Corporate Environmental Proactivity: Evidence from the European Union’s Emissions Trading System. British Journal of Management, 32(3), 630-647. https://doi.org/10.1111/1467-8551.12356

In the presence of environmental policy, how do regulated firms respond? The answer is crucial for the design and effectiveness of policy regimes intended to mitigate environmental damage. We investigate whether particular types of firms are more lik... Read More about Corporate Environmental Proactivity: Evidence from the European Union’s Emissions Trading System.

A Comparison of Tail Dependence Estimators (2020)
Journal Article
Supper, H., Irresberger, F., & Weiss, G. N. (2020). A Comparison of Tail Dependence Estimators. European Journal of Operational Research, 284(2), 728-742. https://doi.org/10.1016/j.ejor.2019.12.041

We review several commonly used methods for estimating the tail dependence in a given data sample. In simulations, we show that especially static estimators produce severely biased estimates of tail dependence when applied to samples with time-varyin... Read More about A Comparison of Tail Dependence Estimators.

Does Bitcoin add value to global industry portfolios? (2020)
Journal Article
Damianov, D. S., & Elsayed, A. H. (2020). Does Bitcoin add value to global industry portfolios?. Economics Letters, 191, Article 108935. https://doi.org/10.1016/j.econlet.2019.108935

Bitcoin has been increasingly viewed as a new form of investment, yet its role as an asset in a diversified industry portfolio is not well understood. In this paper, we explore the dynamic interdependence between Bitcoin and the ten global industry s... Read More about Does Bitcoin add value to global industry portfolios?.

Origins of Mutual Fund Skill: Market versus Accounting Based Asset Pricing Anomalies (2020)
Preprint / Working Paper
Christiansen, C., Xing, R., & Xu, Y. Origins of Mutual Fund Skill: Market versus Accounting Based Asset Pricing Anomalies

Alternative Measures for Predicting Financial Distress in the Case of Malaysian Islamic Banks: Assessing the Impact of Global Crisis (2020)
Journal Article
Asutay, M., & Othman, J. (2020). Alternative Measures for Predicting Financial Distress in the Case of Malaysian Islamic Banks: Assessing the Impact of Global Crisis. Journal of Islamic Accounting and Business Research, 11(9), 1827-1845. https://doi.org/10.1108/jiabr-12-2019-0223

Flexibility and Shari'ah Compliance of Islamic Financial Contracts: An Evaluative Framework (2020)
Journal Article
Moqbel, T., & Ahmed, H. (2020). Flexibility and Shari'ah Compliance of Islamic Financial Contracts: An Evaluative Framework. Arab Law Quarterly, 35(1-2), 92-115. https://doi.org/10.1163/15730255-bja10052

Although the key distinguishing feature of Islamic finance is compliance with Sharīʿah, there is criticism from various quarters on the Sharīʿah compliance of its products. However, there is no objective way to assess the Sharīʿah compliance of Islam... Read More about Flexibility and Shari'ah Compliance of Islamic Financial Contracts: An Evaluative Framework.

The Effects of Regulation and Supervision on the Risk-Taking Behaviour of Islamic Banks (2020)
Journal Article
Asutay, M., Ayturk, Y., & Aksak, E. (2020). The Effects of Regulation and Supervision on the Risk-Taking Behaviour of Islamic Banks. Journal of Islamic Accounting and Business Research, 11(9), 1953-1967. https://doi.org/10.1108/jiabr-12-2019-0222

Purpose: This study examines the impact of the regulatory and supervisory environment on the risk-taking behaviour of Islamic banks. The impact of the heterogeneous nature of the banking environment in the sampled countries is also considered. Design... Read More about The Effects of Regulation and Supervision on the Risk-Taking Behaviour of Islamic Banks.