All Outputs (19)

The future of financial reporting 2011 : global crisis and accounting at a crossroads (2011)
Preprint / Working Paper

A discussion paper based on the British Accounting and Finance Association Financial Accounting and Reporting Special Interest Group (FARSIG) Colloquium, 7 January 2011.

Innovating like China : a theory of stage-dependent intellectual property rights (2011)
Preprint / Working Paper

Inspired by the Chinese experience, we develop a Schumpeterian growth model of distance to frontier in which economic growth in the developing country is driven by domestic innovation as well as imitation and transfer of foreign technologies through... Read More about Innovating like China : a theory of stage-dependent intellectual property rights.

Production efficiency and excess supply (2011)
Preprint / Working Paper

This paper demonstrates that intermediate goods should not be taxed even in the presence of dividend payments to households, thus clarifying previous results. We also find that optimal government policy in a second best world may include stockpiles o... Read More about Production efficiency and excess supply.

Performance effects of appointing other firms' executive directors (2011)
Preprint / Working Paper

This paper studies the relationship between directors’ human capital and the company’s performance. In particular, we focus on the effect on performance of non-executive directors who are also executive directors in other firms. We find a positive re... Read More about Performance effects of appointing other firms' executive directors.

Asset integration and attitudes to risk : theory and evidence (2011)
Preprint / Working Paper

Measures of risk attitudes derived from experiments are often questioned because they are based on small stakes bets and do not account for the extent to which the decision-maker integrates the prizes of the experimental tasks with personal wealth. W... Read More about Asset integration and attitudes to risk : theory and evidence.

Recommendations for Psychiatrists on Spirituality and Religion (2011)
Preprint / Working Paper

The aims of this position statement are to affirm the value of considering spirituality and religion as a part of good clinical practice and to provide guidance which will clarify and affirm the boundaries of good practice. It draws upon the current... Read More about Recommendations for Psychiatrists on Spirituality and Religion.

Discounting behavior and the magnitude effect (2011)
Preprint / Working Paper

We evaluate the claim that individuals exhibit a magnitude effect in their discounting behavior,which is said to occur when higher discount rates are inferred from choices made with lowerprincipals, all else being equal. If the effect is robust, as c... Read More about Discounting behavior and the magnitude effect.

Public spending and volunteering : 'The Big Society', crowding out, and volunteering capital (2011)
Preprint / Working Paper

The current British Government's "Big Society" plan is based on the idea that granting more freedom to local communities and volunteers willcompensate for a withdrawal of public agencies and spending. This ideais grounded on a widely held belief abou... Read More about Public spending and volunteering : 'The Big Society', crowding out, and volunteering capital.

Intertemporal utility and correlation aversion (2011)
Preprint / Working Paper

Convenient assumptions about qualitative properties of the intertemporal utility function have generated counter-intuitive implications for the relationship between atemporal risk aversionand the intertemporal elasticity of substitution. If the inter... Read More about Intertemporal utility and correlation aversion.

Is India shining? (2011)
Preprint / Working Paper

In India, the popular perception is economic reforms have benefited the rich more than the poor leading to an unequal income distribution, as in Quah's twin peaks hypothesis. In this article we test this hypothesis by studying the spatial dynamics of... Read More about Is India shining?.

How to govern Darfur? (2011)
Preprint / Working Paper

In 1934, William Luce went on his first ever trek as Assistant District Commissioner, Nyala. A young man, he was looking for good horses, and he was keen to shoot his first lion. But there was business to attend to as well. South-east of Idd al Ghana... Read More about How to govern Darfur?.

Elusive Potential: Natural Gas Consumption in the CIS and the Quest for Efficiency (2011)
Preprint / Working Paper

Discounting behavior : a reconsideration (2011)
Preprint / Working Paper

We re-evaluate the theory, experimental design and econometrics behind claims that individualsexhibit non-constant discounting behavior. Theory points to the importance of controlling for thenon-linearity of the utility function of individuals, since... Read More about Discounting behavior : a reconsideration.

Non-linear mixed logit (2011)
Preprint / Working Paper

We develop an extension of the familiar linear mixed logit model to allowfor the direct estimation of parametric non-linear functions defined over structuralparameters. Classic applications include the estimation of coefficients of utilityfunctions t... Read More about Non-linear mixed logit.

Media sentiment and UK stock returns (2011)
Preprint / Working Paper

This paper is the first to determine the effect that media sentiment has on stockreturns for UK companies and tests whether there is any return predictabilitycontained in the UK media sentiment data. We show that measures of positive andnegative medi... Read More about Media sentiment and UK stock returns.

The future of financial reporting 2010 : getting to grips with the credit crunch (2011)
Preprint / Working Paper

A discussion paper based on the British Accounting Association Financial Accounting and Reporting Special Interest Group (FARSIG) Symposium, 8 January 2010.

Drifting Tastes, Inertia and Organizational Viability (2011)
Preprint / Working Paper

Social mobility over three generations in Britain (2011)
Preprint / Working Paper

The Rich Keep Getting Richer in country-India! Says Who? Asia-Pacific Research and Training Network on Trade. (2011)
Preprint / Working Paper

In India, the popular perception is that economic reforms have benefited the rich more than the poor, leading to unequal income distribution as in Quah’s twin peaks hypothesis. If economic reforms are pro-rich then we would see the emergence of twin... Read More about The Rich Keep Getting Richer in country-India! Says Who? Asia-Pacific Research and Training Network on Trade..