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Ownership influence and CSR disclosure in China (2018)
Journal Article
Hu, Y. Y., Zhu, Y., Tucker, J., & Hu, Y. (2018). Ownership influence and CSR disclosure in China. Accounting Research Journal, 31(1), 8-21. https://doi.org/10.1108/ARJ-01-2017-0011

© 2018, Emerald Publishing Limited. Purpose: This paper aims to examine the relationship between ownership type and the likelihood of publication of a corporate social responsibility (CSR) report. Design/methodology/approach: Drawing on stakeholder s... Read More about Ownership influence and CSR disclosure in China.

A conditional regime switching CAPM (2017)
Journal Article
Vendrame, V., Guermat, C., & Tucker, J. (2018). A conditional regime switching CAPM. International Review of Financial Analysis, 56, 1-11. https://doi.org/10.1016/j.irfa.2017.12.001

© 2017 Elsevier Inc. The standard Capital Asset Pricing Model (CAPM) is simple, intuitive, and grounded in sound economic theory. Yet, almost half a century's worth of empirical testing has so far failed to demonstrate its relevance. One major reason... Read More about A conditional regime switching CAPM.

MtB versus VAIC in measuring intellectual capital: Empirical evidence from Italian listed companies (2017)
Presentation / Conference
Forte, W., Matonti, G., Tucker, J., & Nicolo, G. (2017, September). MtB versus VAIC in measuring intellectual capital: Empirical evidence from Italian listed companies. Paper presented at 13TH INTERDISCIPLINARY WORKSHOP ON INTANGIBLES AND INTELLECTUAL CAPITAL

Purpose – Grounded in the extant theoretical and empirical literature, the purpose of this paper is to compare two of the most employed methods measuring IC value in order to find the most suitable in the context of Italian listed firms. Moreover, th... Read More about MtB versus VAIC in measuring intellectual capital: Empirical evidence from Italian listed companies.

The relationship between equity and bond returns: An empirical investigation (2017)
Journal Article
Tucker, J., Guermat, C., & Demirovic, A. (2017). The relationship between equity and bond returns: An empirical investigation. Journal of Financial Markets, 35, 47-64. https://doi.org/10.1016/j.finmar.2017.08.001

© 2017 Elsevier B.V. The correlation between equity and corporate debt is ambiguous. News affecting the value of a firm's assets induces a positive correlation, whereas an increase in the volatility of a firm's assets induces a negative correlation.... Read More about The relationship between equity and bond returns: An empirical investigation.

The impact of monetary policy on gold price dynamics (2017)
Journal Article
Zhu, Y., Fan, J., & Tucker, J. (2018). The impact of monetary policy on gold price dynamics. Research in International Business and Finance, 44, 319-331. https://doi.org/10.1016/j.ribaf.2017.07.100

© 2017 Elsevier B.V. Ever since the collapse of the Bretton-Woods system, gold has retained its function as an important monetary commodity (Baur and Lucey, 2010), and continues to provide important inflation forecasting information to monetary polic... Read More about The impact of monetary policy on gold price dynamics.

The Financial Crisis and White Collar Crime - Legislative and Policy Responses (2017)
Book
Ryder, N., Turksen, U., & Tucker, J. (2017). The Financial Crisis and White Collar Crime - Legislative and Policy Responses. Routledge

In September 2007, the collapse of the United States (US) sub-prime mortgage market resulted in the global meltdown of the financial markets. This in turn led to the collapse of many international financial institutions including Northern Rock, Brad... Read More about The Financial Crisis and White Collar Crime - Legislative and Policy Responses.

Measuring the intellectual capital of Italian listed companies (2017)
Journal Article
Nicolò, G., Forte, W., Tucker, J., Matonti, G., & Nicolo, G. (2017). Measuring the intellectual capital of Italian listed companies. Journal of Intellectual Capital, 18(4), 710-732. https://doi.org/10.1108/JIC-08-2016-0083

© 2017, © Emerald Publishing Limited. Purpose: The purpose of this paper is to investigate the relationship between intellectual capital (IC), measured in terms of the market to book (MTB) ratio, and potential key determinants of IC value such as int... Read More about Measuring the intellectual capital of Italian listed companies.

A new composite financial maturity index and its application to China’s province-level regions (2016)
Journal Article
Zhang, J., Zhao, Z., & Tucker, J. (in press). A new composite financial maturity index and its application to China’s province-level regions. Journal of Finance and Management in Public Services, 15(1),

This paper introduces a new regional “financial maturity index” (FMI) based on previous studies of financial development theory. We explore a unified measure of regional financial development by constructing a new composite financial maturity model.... Read More about A new composite financial maturity index and its application to China’s province-level regions.

Some extensions of the CAPM for individual assets (2016)
Journal Article
Vendrame, V., Tucker, J., & Guermat, C. (2016). Some extensions of the CAPM for individual assets. International Review of Financial Analysis, 44, 78-85. https://doi.org/10.1016/j.irfa.2016.01.010

© 2016 Elsevier Inc. There is ample evidence that stock returns exhibit non-normal distributions with high skewness and excess kurtosis. Experimental evidence has shown that investors like positive skewness, dislike extreme losses and show high level... Read More about Some extensions of the CAPM for individual assets.

Auditor choice in Italian non-listed firms (2016)
Journal Article
Matonti, G., Tucker, J., & Tommasetti, A. (2016). Auditor choice in Italian non-listed firms. Managerial Auditing Journal, 31(4-5), 458-491. https://doi.org/10.1108/MAJ-07-2015-1215

© Emerald Group Publishing Limited. Purpose – This paper aims to investigate auditor choice in those Italian non-listed firms adopting the “traditional” model of corporate governance. In Italy, non-listed firms can choose between two types of auditor... Read More about Auditor choice in Italian non-listed firms.

Bank regulation and stock market stability across countries (2016)
Journal Article
ElKelish, W. W., ElKelish, W., & Tucker, J. (2016). Bank regulation and stock market stability across countries. Journal of Financial Regulation and Compliance, 24(4), 402-419. https://doi.org/10.1108/JFRC-09-2015-0049

© 2016, © Emerald Group Publishing Limited. Purpose: The purpose of this paper is to investigate whether bank capital strength and external auditing requirements influenced international stock market stability during the 2007/2008 global financial cr... Read More about Bank regulation and stock market stability across countries.

Intellectual capital and its determinants in Italian listed companies (2015)
Presentation / Conference
Forte, W., Tucker, J., Matonti, G., & Nicolo, G. (2015, September). Intellectual capital and its determinants in Italian listed companies. Paper presented at 11th Interdisciplinary Workshop on Intangibles, Intellectual Capital and Extra-financial Information - EIASM

PURPOSE: The purpose of the paper is to match the intellectual capital (IC) measurement methods and the reporting practices of a group of Italian listed firms, in order to examine potential convergence in practice. The study applies a holistic market... Read More about Intellectual capital and its determinants in Italian listed companies.

Accounting data and the credit spread: An empirical investigation (2015)
Journal Article
Demirovic, A., Tucker, J., & Guermat, C. (2015). Accounting data and the credit spread: An empirical investigation. Research in International Business and Finance, 34, 233-250. https://doi.org/10.1016/j.ribaf.2015.02.013

Measures of credit risk based on Merton (1974) rely upon information available in the market prices of securities. Under the Efficient Market Hypothesis market prices should reflect all available information and, hence, make redundant all other infor... Read More about Accounting data and the credit spread: An empirical investigation.

Property rights institutions and bank performance across countries (2015)
Journal Article
ElKelish, W. W., & Tucker, J. (2015). Property rights institutions and bank performance across countries. Managerial Finance, 41(1), 80-101. https://doi.org/10.1108/MF-10-2013-0288

Purpose – This paper investigates the relationship between the quality of property rights institutions (PRIs) and bank financial performance in an empirical study of 136 countries over the period 1999 to 2006. Design/methodology/approach – The qual... Read More about Property rights institutions and bank performance across countries.

The impact of analyst sentiment on UK stock recommendations and target prices (2015)
Journal Article
Yukselturk, O., & Tucker, J. (2015). The impact of analyst sentiment on UK stock recommendations and target prices. Accounting and Business Research, 45(6-7), 869-904. https://doi.org/10.1080/00014788.2015.1044496

© 2015 Taylor & Francis. The aim of this paper is to investigate the relationship between narrative sentiment in analysts' company reports and their recommendation and target price outputs. We study an industry-balanced sample of 275 UK quoted comp... Read More about The impact of analyst sentiment on UK stock recommendations and target prices.

Do Italian non-listed firms manage earnings efficiently or opportunistically? (2014)
Presentation / Conference
Matonti, G., Tomasetti, A., & Tucker, J. (2014, April). Do Italian non-listed firms manage earnings efficiently or opportunistically?. Paper presented at 2nd Global Virtual Conference

Earnings management may be efficient or opportunistic depending on the ability of discretionary accruals to communicate information about a firm's future profitability to the public. The existing literature, which focuses mainly on listed firms, prov... Read More about Do Italian non-listed firms manage earnings efficiently or opportunistically?.

Does mandatory adoption of IFRS guarantee compliance? (2013)
Journal Article
Yükseltürk, O., Misirlioǧlu, I. U., Misirlioglu, I. U., Tucker, J., & Yukselturk, O. (2013). Does mandatory adoption of IFRS guarantee compliance?. International Journal of Accounting, 48(3), 327-363. https://doi.org/10.1016/j.intacc.2013.07.002

In this study, we examine whether the mandatory adoption of IFRS by Turkish listed companies in 2005 was successful in practice and what role firm and country level factors played in the adoption. We determine the firm-specific factors that affect th... Read More about Does mandatory adoption of IFRS guarantee compliance?.

Short run reaction to news announcements: UK evidence (2013)
Journal Article
Tucker, J., Guermat, C., & Prasert, S. (2013). Short run reaction to news announcements: UK evidence

In this paper we aim to investigate the behaviour of returns around corporate news announcements. The motivation of the paper is that neither the broad classification of news into “good” and “bad” in many previous studies, nor the focus on only one n... Read More about Short run reaction to news announcements: UK evidence.

Rating or no rating? That is the question: An empirical examination of UK companies (2012)
Journal Article
Tucker, J., Gonis, E., & Paul, S. (2012). Rating or no rating? That is the question: An empirical examination of UK companies. European Journal of Finance, 18(8), 709-735. https://doi.org/10.1080/1351847X.2011.649215

The aim of this paper is to examine the main determinants of the rating likelihood of UK companies. We use a binary probit specification to model the main drivers of a firm's propensity to be rated. Using a sample of 245 non-financial UK companies ov... Read More about Rating or no rating? That is the question: An empirical examination of UK companies.

Rating or no rating: That is the question: An empirical examination of UK companies (2012)
Journal Article
Gonis, E., Tucker, J., & Paul, S. (2012). Rating or no rating: That is the question: An empirical examination of UK companies. European Journal of Finance, 18(8), 709-735

The aim of this paper is to examine the main determinants of the rating likelihood of UK companies. We use a binary probit specification to model the main drivers of a firm’s propensity to be rated. Using a sample of 245 non-financial UK companies ov... Read More about Rating or no rating: That is the question: An empirical examination of UK companies.