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Outputs (73)

A Survey of Fintech Research and Policy Discussion (2021)
Journal Article
Allen, F., Gu, X., & Jagtiani, J. (2021). A Survey of Fintech Research and Policy Discussion. Review of corporate finance, 1(3-4), 259-339. https://doi.org/10.1561/114.00000007

The intersection of finance and technology, known as fintech, has resulted in the dramatic growth of innovations and has changed the entire financial landscape. While fintech has a critical role to play in democratizing credit access to the unbanked... Read More about A Survey of Fintech Research and Policy Discussion.

JUNE: open-source individual-based epidemiology simulation (2021)
Journal Article
Aylett-Bullock, J., Cuesta-Lazaro, C., Quera-Bofarull, A., Icaza-Lizaola, M., Sedgewick, A., Truong, H., Curran, A., Elliott, E., Caulfield, T., Fong, K., Vernon, I., Williams, J., Bower, R., & Krauss, F. (2021). JUNE: open-source individual-based epidemiology simulation. Royal Society Open Science, 8(7), https://doi.org/10.1098/rsos.210506

We introduce June, an open-source framework for the detailed simulation of epidemics on the basis of social interactions in a virtual population constructed from geographically granular census data, reflecting age, sex, ethnicity and socio-economic i... Read More about JUNE: open-source individual-based epidemiology simulation.

Exploring the Corporate Governance and Risk Management Disclosure Performance Nexus in Islamic Banks: An Empirical Analysis (2021)
Book Chapter
Abdullah, H., & Asutay, M. (2021). Exploring the Corporate Governance and Risk Management Disclosure Performance Nexus in Islamic Banks: An Empirical Analysis. In T. Azid, M. Mukhlisin, N. Akbar, & M. Tahir (Eds.), Monetary Policy, Islamic Finance, and Islamic Corporate Governance: An International Overview (201-232). Emerald. https://doi.org/10.1108/978-1-80043-786-920211012

Financial Hedging, Corporate Cash Policy, and the Value of Cash (2021)
Journal Article
Sun, W., Yin, C., & Zeng, Y. (2022). Financial Hedging, Corporate Cash Policy, and the Value of Cash. British Journal of Management, 33(3), 1271-1303. https://doi.org/10.1111/1467-8551.12520

We study the implications of financial hedging for corporate cash policy and the value of cash holdings. Using a web crawler program to collect data on the use of financial derivatives between 1993 and 2016, we find that US public firms with financia... Read More about Financial Hedging, Corporate Cash Policy, and the Value of Cash.

Discounting the Discounted Projection Approach (2021)
Journal Article
Buckner, D., & Dowd, K. (2022). Discounting the Discounted Projection Approach. North American Actuarial Journal, 26(4), 521-536. https://doi.org/10.1080/10920277.2021.1916537

UK equity release actuaries are using a flawed approach to value the no-negative equity guarantees in their equity release mortgages. The approach they use, the Discounted Projection approach, incorrectly uses projected future house prices as the und... Read More about Discounting the Discounted Projection Approach.

The Wolves of Wall Street? Managerial Attributes and Bank Risk (2021)
Journal Article
Hagendorff, J., Saunders, A., Steffen, S., & Vallascas, F. (2021). The Wolves of Wall Street? Managerial Attributes and Bank Risk. Journal of Financial Intermediation, 47, https://doi.org/10.1016/j.jfi.2021.100921

We find that chief executive officers and chief financial officers exert significant individual effects on bank risk. Manager transitions, including transitions generated by plausibly exogenous manager departures, lead to abnormally large changes in... Read More about The Wolves of Wall Street? Managerial Attributes and Bank Risk.

Credit Ratings and Acquisitions (2021)
Journal Article
Aktas, N., Petmezas, D., Servaes, H., & Karampatsas, N. (2021). Credit Ratings and Acquisitions. Journal of Corporate Finance, 69, Article 101986. https://doi.org/10.1016/j.jcorpfin.2021.101986

There is a curvilinear relation between credit ratings and acquisitions. Non-investment grade firms make more acquisitions as their ratings improve, consistent with the relaxation of financial constraints. However, this pattern reverses for investmen... Read More about Credit Ratings and Acquisitions.

Furlough and Household Financial Distress during the COVID-19 Pandemic (2021)
Preprint / Working Paper
Görtz, C., McGowan, D., & Yeromonahos, M. (2021). Furlough and Household Financial Distress during the COVID-19 Pandemic

We study how furlough affects household financial distress during the COVID-19 pandemic.
Furlough increases the probability of late housing and bill payments by 30% and 9%, respectively.
The effects exist for individuals who rent their home, but n... Read More about Furlough and Household Financial Distress during the COVID-19 Pandemic.