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UK pension funds’ patience and liquidity in the age of market-based finance (2023)
Journal Article
Bonizzi, B., Churchill, J., & Kaltenbrunner, A. (2023). UK pension funds’ patience and liquidity in the age of market-based finance. New Political Economy, 28(5), 780-798. https://doi.org/10.1080/13563467.2023.2184469

Pension funds have often failed to meet expectations in terms of providing ‘patient capital’. Explanations for this lapse have ranged over regulatory and ideational factors. We argue that a new ‘impatient’ phenomenon is emerging that requires further... Read More about UK pension funds’ patience and liquidity in the age of market-based finance.

Chinese interprovincial income disparity via regional mobility dynamics (2023)
Journal Article
Kumari, A., & Smith, I. (2023). Chinese interprovincial income disparity via regional mobility dynamics. Journal of Economic Issues, 57(1), 36-61. https://doi.org/10.1080/00213624.2023.2154536

The growth paths in China diverge widely between the rich coastal and poor inland provinces. As a result, the impact of institutional effects on reducing provincial disparity in terms of the “Go West” policies implemented in the early-2000s appears t... Read More about Chinese interprovincial income disparity via regional mobility dynamics.

Does the emerging middle class support democracy? A comparative analysis of China, countries with authoritarian political regimes and recent post-socialist democracies (2023)
Journal Article
Ivlevs, A. (2023). Does the emerging middle class support democracy? A comparative analysis of China, countries with authoritarian political regimes and recent post-socialist democracies. Journal of Economic Issues, 57(1), 62-79. https://doi.org/10.1080/00213624.2023.2154537

Does the emerging middle class support democracy? This study provides a comparative analysis of political attitudes, actions, and preferences of the middle class in China, other countries characterized by authoritarian political regimes/tendencies (R... Read More about Does the emerging middle class support democracy? A comparative analysis of China, countries with authoritarian political regimes and recent post-socialist democracies.

Impact of working capital management on profitability: A comparative study of public sector banks and private sector banks listed in NSE Bank Nifty, India (2023)
Presentation / Conference
Stephen, S., & Jose, A. (2023, February). Impact of working capital management on profitability: A comparative study of public sector banks and private sector banks listed in NSE Bank Nifty, India. Paper presented at The 5th International Conference on Organisation and Management ICOM 2023, Abu Dhabi

Our study mainly aims to study the impact of working capital management on the profitability of both Public Sector banks and private sector banks listed in NSE Bank Nifty. Bank Nifty represents 12 highly liquid and high market capitalised stock that... Read More about Impact of working capital management on profitability: A comparative study of public sector banks and private sector banks listed in NSE Bank Nifty, India.

The return of austerity imperils global health (2023)
Journal Article
Stubbs, T., Kentikelenis, A., Gabor, D., Ghosh, J., & McKee, M. (2023). The return of austerity imperils global health. BMJ Global Health, 8(2), e011620. https://doi.org/10.1136/bmjgh-2022-011620

Recognising the world's lack of preparedness for the COVID-19 pandemic, international organisations like the World Health Organization, World Bank, and International Monetary Fund are calling for extensive additional funding to strengthen pandemic pr... Read More about The return of austerity imperils global health.

Institutional supercycles: An evolutionary macro-finance approach (2023)
Journal Article
Dafermos, Y., Gabor, D., & Michell, J. (2023). Institutional supercycles: An evolutionary macro-finance approach. New Political Economy, 28(5), 693-712. https://doi.org/10.1080/13563467.2022.2161497

We build upon the Minskyan concepts of ‘thwarting mechanisms’ and ‘supercycles’ to develop a framework for analysing the dynamic evolutionary interactions between macrofinancial, institutional and political processes. Thwarting mechanisms are institu... Read More about Institutional supercycles: An evolutionary macro-finance approach.

Creating jobs in low- and middle-income countries through demand-side policies (2023)
Report
Michell, J., & Aboobaker, A. (2023). Creating jobs in low- and middle-income countries through demand-side policies. https://www.ilo.org: International Labour Organisation (ILO)

This brief focuses on demand-side policies for promoting employment in LMCs. The shifting consensus on macroeconomic policy in advanced economies, alongside growing acceptance of industrial policy, provides an important opportunity for reconsideratio... Read More about Creating jobs in low- and middle-income countries through demand-side policies.

Structuralism – Latin American (2023)
Book Chapter
Rugitsky, F. (2023). Structuralism – Latin American. In L. Rochon, & S. Rossi (Eds.), Elgar Encyclopedia of Post-Keynesian Economics Elgar Encyclopedia of Post-Keynesian Economics (392–393). Edward Elgar Publishing. https://doi.org/10.4337/9781788973939.structuralism.latin.american

In the decade following the end of the Second World War, one of the most active fields of research in economics was development (Hirschman, 1981, Arndt, 1987, Krugman, 1993). Several researchers dedicated their work to understanding the reasons why s... Read More about Structuralism – Latin American.

Oil and US stock market shocks: Implications for Canadian equities (2023)
Journal Article
Heinlein, R., & Mahadeo, S. (2023). Oil and US stock market shocks: Implications for Canadian equities. Canadian Journal of Economics / Revue Canadienne d'Économique, 56(1), 247-287. https://doi.org/10.1111/caje.12641

Oil and US stock market shocks are relevant to Canadian equities because Canada is an oil exporter exposed to market developments in the wider continent. We evaluate how the relationship between Canadian stock market indices and such external shocks... Read More about Oil and US stock market shocks: Implications for Canadian equities.

Real business cycles in small emerging economies: The role of financial frictions and dollarization (2023)
Thesis
Haroon, M. Real business cycles in small emerging economies: The role of financial frictions and dollarization. (Thesis). University of the West of England. Retrieved from https://uwe-repository.worktribe.com/output/9186965

The objective of this thesis is to explain and empirically evaluate real business cycle (RBC) models in small and emerging economies. The focus of the thesis is to explore the role of financial sector in propagation and amplification of real business... Read More about Real business cycles in small emerging economies: The role of financial frictions and dollarization.

A conditional higher-moment CAPM (2023)
Journal Article
Vendrame, V., Guermat, C., & Tucker, J. (2023). A conditional higher-moment CAPM. International Review of Financial Analysis, 86, 102524. https://doi.org/10.1016/j.irfa.2023.102524

This paper investigates whether dynamic and moment extensions to the traditional CAPM can improve its empirical performance and offer some alternative explanation to the cross-section of average returns on portfolios of stocks double sorted on book-t... Read More about A conditional higher-moment CAPM.

Managerial compensation and firm performance: The moderating role of managerial ownership and other governance factors (2023)
Journal Article
Adelopo, I., Adu‐Ameyaw, E., Cheung, K. Y., & Bako, H. S. (2023). Managerial compensation and firm performance: The moderating role of managerial ownership and other governance factors. Journal of Corporate Accounting and Finance, 34(3), 31-46. https://doi.org/10.1002/jcaf.22609

This study looks at how executive compensation affects firm value and the extent to which this relationship is sensitive to managerial ownership and corporate governance factors. We use data from UK FTSE 100 firms for the period 2007–2012, generating... Read More about Managerial compensation and firm performance: The moderating role of managerial ownership and other governance factors.

Organising and disorganising trust: Corporate governing in Argentina (2023)
Book Chapter
Gaggiotti, H., Lucero Bringas, M. D. L. Á., & Adelopo, I. (2023). Organising and disorganising trust: Corporate governing in Argentina. In . J. Callund, G. Jiménez-Seminario, & N. Pyper (Eds.), Corporate Governing in Latin America (225-246). Springer. https://doi.org/10.1007/978-3-030-85780-6_6

The historical and conceptual evolution of the organizational meaning of governance has been used in this chapter as an axis to explain the similarities and differences of an ignored paradigmatic case: Argentina. The chapter illustrates how the econo... Read More about Organising and disorganising trust: Corporate governing in Argentina.

Cash holdings and corporate investment: Evidence from COVID-19 (2022)
Journal Article
Tawiah, B., & Keefe, M. (in press). Cash holdings and corporate investment: Evidence from COVID-19. Review of Corporate Finance, https://doi.org/10.2139/ssrn.3712767

Firms hold cash for precautionary reasons. The COVID-19 pandemic plausibly represents an exogenous shock for which firms hold cash. We examine the impact of cash holdings on corporate investment during the COVID-19 pandemic. We find that Capital Expe... Read More about Cash holdings and corporate investment: Evidence from COVID-19.

Impact of digital technology on supply chain efficiency in manufacturing industry (2022)
Book Chapter
Wang, X., Kumar, V., Kumari, A., & Kuzmin, E. (2022). Impact of digital technology on supply chain efficiency in manufacturing industry. In V. Kumar, J. Leng, V. Akberdina, & E. Kuzmin (Eds.), Digital Transformation in Industry: Digital Twins and New Business Models (28). Springer (part of Springer Nature). https://doi.org/10.1007/978-3-030-94617-3

With the advancement of digital technologies, supply chain management is changing dramatically. However, the practice and application of digital supply chains are complex and challenging. Some studies claim that technology is the core element, while... Read More about Impact of digital technology on supply chain efficiency in manufacturing industry.

Tracing the sources of contagion in the oil-finance nexus (2022)
Book Chapter
Mahadeo, S., Heinlein, R., & Legrenzi, G. (2022). Tracing the sources of contagion in the oil-finance nexus. In C. Floros, & I. Chatziantoniou (Eds.), Applications in Energy Finance (115-143). Springer. https://doi.org/10.1007/978-3-030-92957-2_5

We introduce an approach to trace the genesis of contagion occurring in the oil-finance nexus, which consolidates veteran non-linear oil price measures derived from the empirical oil literature, to construct a rule-based specification for filtering s... Read More about Tracing the sources of contagion in the oil-finance nexus.

Dow, Keynes and the pragmatic tradition: More in common? (2022)
Book Chapter
Churchill, J. (2022). Dow, Keynes and the pragmatic tradition: More in common?. In I. Negru, & P. Hawkins (Eds.), Economic Methodology, History and Pluralism: Expanding Economic Thought to Meet Contemporary Challenges. Taylor & Francis. https://doi.org/10.4324/9781003142324

Dow has demonstrated the significance of methodology for delineating schools of thought in macroeconomics. One methodological distinction relates to the perceived importance of uncertainty, especially for the economic theorist. Placing uncertainty ce... Read More about Dow, Keynes and the pragmatic tradition: More in common?.

Financial literacy in Malaysia, 2015–2018 (2022)
Journal Article
Loke, Y. J., Chin, P. N., & Sahul Hamid, F. (2022). Financial literacy in Malaysia, 2015–2018. Malaysian Journal of Economic Studies, 59(2), 171-197. https://doi.org/10.22452/MJES.vol59no2.1

This paper provides an overview of the state of financial literacy of Malaysians using data from the OECD (INFE) Financial Literacy Survey conducted in the year 2015 and 2018. Besides the three components of financial literacy, namely, financial know... Read More about Financial literacy in Malaysia, 2015–2018.

Data use externatilies: Report to department for digital, culture, media and sport by Belmana with the University of the West of England (2022)
Report
Vaze, P., Ioramshvili, C., Whittard, D., & Ritchie, F. (2022). Data use externatilies: Report to department for digital, culture, media and sport by Belmana with the University of the West of England. https://www.gov.uk: Department for Digital, Culture, Media and Sport

This study was commissioned by the Department for Digital, Culture, Media and Sport to: ● Identify the likely positive and negative externalities of data use (that is, the wider social impacts of data use) and ● Provide an assessment of the viabili... Read More about Data use externatilies: Report to department for digital, culture, media and sport by Belmana with the University of the West of England.