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All Outputs (46)

Addressing Education and Health Inequity: Perspectives from the North of England (2023)
Report
Atkinson, A., Ayadurai, C., Battye, J., Birks, D., Bridges, S., Brown, C., Bunting, C., Burchill, S., Burnett, C., Burridge, H., Cave, D., Cookson, R., Darling, J., Day, P., Dickerson, J., Eddy, L., Elshehaly, M., Exall, S., Feltbower, R., Franklin, R., …Wright, J. (2023). Addressing Education and Health Inequity: Perspectives from the North of England. Health Equity North and the Northern NIHR Applied Research Collaborations

Your gender identity is who you are: Female chief executive officers and corporate debt structure (2023)
Journal Article
Huang, Y., Zhu, Q., Yan, C., & Zeng, Y. (2025). Your gender identity is who you are: Female chief executive officers and corporate debt structure. International Journal of Finance and Economics, 30(1), 426-454. https://doi.org/10.1002/ijfe.2923

By leveraging sample data from S&P 1500 companies for the 1993–2021 period, we execute an empirical examination of the effects of chief executive officer (CEO) gender on a company’s debt structure. We find that after endogeneity is controlled, compan... Read More about Your gender identity is who you are: Female chief executive officers and corporate debt structure.

Arbitrage problems with reflected geometric Brownian motion (2023)
Journal Article
Buckner, D., Dowd, K., & Hulley, H. (2024). Arbitrage problems with reflected geometric Brownian motion. Finance and Stochastics, 28(1), 1-26. https://doi.org/10.1007/s00780-023-00525-x

Contrary to the claims made by several authors, a financial market model in which the price of a risky security follows a reflected geometric Brownian motion is not arbitrage-free. In fact, such models violate even the weakest no-arbitrage condition... Read More about Arbitrage problems with reflected geometric Brownian motion.

Performance prediction of single-pass and multi-pass low-cost solar air heater (2023)
Journal Article
Omotosho, E., & Hackney, P. (2024). Performance prediction of single-pass and multi-pass low-cost solar air heater. Thermal Science and Engineering Progress, 47, Article 102322. https://doi.org/10.1016/j.tsep.2023.102322

This study introduces a mathematical model and experimental evaluation of solar air heating utilising an absorber surface constructed from low-cost upcycled materials. The research presents a solar air heater prototype, suitable for applications such... Read More about Performance prediction of single-pass and multi-pass low-cost solar air heater.

Empirical study of new metrics for the internet route hijack risk assessment (2023)
Presentation / Conference Contribution
Kotsiuba, I. (2023, December). Empirical study of new metrics for the internet route hijack risk assessment. Presented at CEUR Workshop Proceedings

Possibility of dynamic routes change between nodes which are not physically connected is a key feature of the Internet routing. With two key concepts - one-hop forwarding in routing process and possibility of address space aggregation for routing pur... Read More about Empirical study of new metrics for the internet route hijack risk assessment.

Employees’ reviews and stock price informativeness (2023)
Journal Article
Kyiu, A., Tawiah, B., & Boamah, E. O. (2023). Employees’ reviews and stock price informativeness. Economics Letters, 233, Article 111406. https://doi.org/10.1016/j.econlet.2023.111406

We investigate the relationship between employee reviews and stock price informativeness. Using a sample of US firms, we find that firms with higher employee satisfaction are associated with greater stock price informativeness in terms of idiosyncrat... Read More about Employees’ reviews and stock price informativeness.

Sukūk Development and Income Inequality (2023)
Journal Article
Jatmiko, W., Ebrahim, M., & Smaoui, H. (2023). Sukūk Development and Income Inequality. Journal of International Financial Markets, Institutions and Money, 88, Article 101852. https://doi.org/10.1016/j.intfin.2023.101852

This paper investigates the link between sukūk development and income inequality by scrutinizing twenty-two countries’ data from 1995 to 2019. We employ the two-stage Fractional Regression Model to illustrate that sukūk issuance is associated with in... Read More about Sukūk Development and Income Inequality.

Revisiting WTI–Brent spread and its drivers (2023)
Journal Article
Sifat, I., Zarei, A., & Ah Mand, A. (2023). Revisiting WTI–Brent spread and its drivers. Energy Strategy Reviews, 50, Article 101206. https://doi.org/10.1016/j.esr.2023.101206

We made two key contributions to energy economics and finance by revealing new insights on the WTI–Brent spread (WBS). Our first exercise engages with the stylized facts of the WBS and its role as an indicator, identifying the time around the shale o... Read More about Revisiting WTI–Brent spread and its drivers.

Uncertainty and Bubbles in Cryptocurrencies: Evidence from Newly Developed Uncertainty Indices (2023)
Journal Article
Chowdhury, M. S. R., & Damianov, D. S. (online). Uncertainty and Bubbles in Cryptocurrencies: Evidence from Newly Developed Uncertainty Indices. International Review of Financial Analysis, 91, Article 102949. https://doi.org/10.1016/j.irfa.2023.102949

In this paper, we examine whether newly developed crypto price and policy uncertainty indices based on news coverage (Lucey et al., 2022) are associated with the emergence of bubbles in cryptocurrencies. Using probit regressions, we show that these i... Read More about Uncertainty and Bubbles in Cryptocurrencies: Evidence from Newly Developed Uncertainty Indices.

Reimagining AI Governance: a Response by AGENCY to the UK Government's White Paper AI Regulation (2023)
Report
Owens, R., Copilah-Ali, J., Kolomeets, M., Malviya, S., Markeviciute, K., Olabode, S., …Farrand, B. (2023). Reimagining AI Governance: a Response by AGENCY to the UK Government's White Paper AI Regulation. SSRN: AGENCY project

In March 29, 2023, the UK Government released a white paper outlining its plans to implement a pro-innovation approach to Artificial Intelligence (AI) regulation and strengthen the UK's position as a global leader in AI.

As part of the white paper... Read More about Reimagining AI Governance: a Response by AGENCY to the UK Government's White Paper AI Regulation.

Conflicted Analysts and Initial Coin Offerings (2023)
Journal Article
Barth, A., Laturnus, V., Mansouri, S., & Wagner, A. F. (2023). Conflicted Analysts and Initial Coin Offerings. Management Science, 69(11), 6641-6666. https://doi.org/10.1287/mnsc.2021.02928

This paper studies the contribution of analysts to the functioning and failure of the market for initial coin offerings (ICOs). The assessments of freelancing analysts exhibit biases because of reciprocal interactions of analysts with ICO team member... Read More about Conflicted Analysts and Initial Coin Offerings.

Institutional ownership and corporate greenhouse gas emissions: The evidence from China (2023)
Journal Article
Ren, X., Dong, Y., Guo, J. M., & Liu, Y. (2023). Institutional ownership and corporate greenhouse gas emissions: The evidence from China. Pacific-Basin Finance Journal, 82, Article 102135. https://doi.org/10.1016/j.pacfin.2023.102135

This paper examines the impact of corporate ownership structure on greenhouse gas (GHG) emissions in China, with a focus on the role of institutional investors. Using data on Chinese listed companies, we find that institutional ownership has a signif... Read More about Institutional ownership and corporate greenhouse gas emissions: The evidence from China.

Bond Issuance and the Funding Choices of European Banks: The Consequences of Public Debt (2023)
Journal Article
Rancan, M., Cariboni, J., Keasey, K., & Vallascas, F. (2023). Bond Issuance and the Funding Choices of European Banks: The Consequences of Public Debt. Journal of Empirical Finance, 74, Article 101417. https://doi.org/10.1016/j.jempfin.2023.101417

European banks raise less funds in the bond market when there is a larger public debt in their national economies and this is reflected in lower leverage. We exploit numerous sources of heterogeneity in our data to demonstrate this result is driven b... Read More about Bond Issuance and the Funding Choices of European Banks: The Consequences of Public Debt.

Explainable AI-based Intrusion Detection in the Internet of Things (2023)
Presentation / Conference Contribution
Siganos, M., Radoglou-Grammatikis, P., Kotsiuba, I., Markakis, E., Moscholios, I., Goudos, S., & Sarigiannidis, P. (2023, August). Explainable AI-based Intrusion Detection in the Internet of Things. Presented at ARES 2023: The 18th International Conference on Availability, Reliability and Security, Benevento, Italy

The revolution of Artificial Intelligence (AI) has brought about a significant evolution in the landscape of cyberattacks. In particular, with the increasing power and capabilities of AI, cyberattackers can automate tasks, analyze vast amounts of dat... Read More about Explainable AI-based Intrusion Detection in the Internet of Things.

Extremal quantiles and stock price crashes (2023)
Journal Article
Andreou, P., Anyfantaki, S., Maasoumi, E., & Sala, C. (2023). Extremal quantiles and stock price crashes. Econometric Reviews, 42(9-10), 703-724 . https://doi.org/10.1080/07474938.2023.2241223

We employ extreme value theory to identify stock price crashes, featuring low-probability events that produce large, idiosyncratic negative outliers in the conditional distribution. Traditional methods employ approximations under Gaussian assumptions... Read More about Extremal quantiles and stock price crashes.

IFRS 9 implementation and bank risk (2023)
Journal Article
Kyiu, A., & Tawiah, V. (2025). IFRS 9 implementation and bank risk. Accounting Forum, 49(1), 234-258. https://doi.org/10.1080/01559982.2023.2233861

In this paper, we investigate the impact of IFRS 9 – Financial instruments on bank risk. Using a sample of 666 banks across 61 countries for the period 2016–2019, we find a decrease in bank risk following the implementation of IFRS 9. This implies th... Read More about IFRS 9 implementation and bank risk.