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Articles ( Showing 21-40 of 60 items)
Searched for: [ Keywords: "university innovations" ] clear all
Journal Article
Analysis of Stock Market Information Leakage by RDD
by Jianing Zhu  and  Cunyi Yang
Abstract
Information leakage in the stock market has been widely proven. Information disclosure is sometimes uneven, and there is significant information asymmetry between ordinary investors and professional institutional investors. In this paper, Regression Discontinuity design (RDD) model is first employed to analyze the information leakage issues. Based on the daily closing stock pri [...] Read more
Hit Affiliation:
Paul Merage School of Business, University of California, Irvine, USA
Lingnan College, Sun Yat-Sen University, Guangzhou, China

Journal Article
Impact of Carbon Emission Trading Market on Regional Urbanization: an Empirical Study Based on a Difference-In-Differences Model
by Haoyuan Cheng , Xiaoqian Liu  and  Zhenlong Xu
Abstract
China's carbon emission trading market has been formally established, but few studies have been conducted to analyze the impact of this policy on the regional urbanization level. Therefore, this paper evaluates whether the carbon trading pilot policy can enhance the regional urbanization level in China through the difference-in-differences method and analyzes the mediating role [...] Read more
Hit Affiliation:
Institute of Western China Economic Research, Southwestern University of Finance and Economics, Chengdu, China
Research Institute of Economics and Management, Southwestern University of Finance and Economics, Chengdu, China
Kogod Business School, American University, Washington, USA

Journal Article
Geopolitical Challenges and Natural Gas Supply
by Xiaomei Lv , Lunwu Liu  and  Min Bai
Abstract
This study examines the impact of the Russia-Ukraine conflict, which began on February 24, 2022, on natural gas prices and supply security in major global markets. Six months after the conflict's onset, natural gas prices surged by an average of 78.65% across international markets. Notably, prices in the European Union, Russia, the United Kingdom, Japan, and South Korea saw sub [...] Read more
Hit Affiliation:
International College, Jiangxi University of Finance and Economics, Nanchang, China
School of Accounting Finance and Economics, University of Waikato, Hamilton, New Zealand

Journal Article
Observable and Unobservable Investment Information in Multiple Markets
by Yoshikazu Ishinagi  and  Joonghwa Oh
Abstract
This study considers the effects of disclosure conditions on firms' investment decisions when facing an identical competitor in multiple markets. Assuming that there are congestion costs between multiple investments to reduce marginal cost for each market, this study focuses on the cases where the disclosure conditions may differ by market. Like previous studies on single Courn [...] Read more
Hit Affiliation:
Department of International Relations, Kobe City University of Foreign Studies, Kobe, Japan
Faculty of Business Administration, Setsunan University, Osaka, Japan

Journal Article
Divergences among ESG rating systems: Evidence from financial indexes
by Conghao Zhu  and  Cunyi Yang
Abstract
This paper specifically underscores the disparities among various ESG rating systems in China, highlighting their varied interpretations and emphasis on corporate financial factors. Analyzing data on Chinese listed firms from 2009-2022, we observe that while company size and leverage ratio uniformly correlate with ESG scores across rating agencies such as Bloomberg, Huazheng, W [...] Read more
Hit Affiliation:
International Business School, Tianjin Foreign Studies University, Tianjin, China
Lingnan College, Sun Yat-Sen University, Guangzhou, China

Journal Article
Mild Inflation Naturally Prevents Divergence of Debt to GDP Ratio
by Yasuhito Tanaka
Abstract
This paper shows mainly the following results. 1) The debt to GDP ratio cannot diverge to infinity, that is, fiscal collapse is impossible. The necessary condition for this result is that the propensity to consume from the asset is positive. 2) The divergence of the debt to GDP ratio is prevented by inflation when the interest rate on government bonds is considerably higher tha [...] Read more
Hit Affiliation:
Faculty of Economics, Doshisha University, Kyoto, Japan

Journal Article
An empirical investigation of the linkages between conventional and organic milk markets in Austria
by Panos Fousekis
Abstract
This work investigates the strength and the pattern of linkages among the three markets of qualitatively differentiated milk (i.e., conventional, organic without heymilk, and organic with heymilk) in Austria using the flexible TVP-VAR frequency connectedness approach and information on prices from 2018 to 2023. The main empirical findings are: (a) Taken together, the markets ha [...] Read more
Hit Affiliation:
Department of Economics, Aristotle University, Thessaloniki, Greece

Journal Article
Hedonic and utilitarian online shopping: A preliminary investigation
by Daniele Scarpi de Claricini
Abstract
This research letter investigates hedonic and utilitarian orientations to Online shopping. The data highlight a positive correlation of hedonism with both the length and the frequency of connection to the Internet. It considers two products, jeans and personal computers, that previous literature had identified as being characterized by utilitarian and hedonic features. The resu [...] Read more
Hit Affiliation:
Department of Management, University of Bologna, Bologna, Italy

Journal Article
Don’t worry about the debt-GDP Ratio
by Yasuhito Tanaka
Abstract
I will show that if the propensity to consume from savings satisfies appropriate conditions, the debt-GDP ratio will not grow infinitely large and fiscal collapse will not occur. Using a basic macroeconomic model, with an overlapping generations model in mind, we show the following results: 1) The budget deficit including interest payments on the government bonds equals an incr [...] Read more
Hit Affiliation:
Faculty of Economics, Doshisha University, Kyoto, Japan

Journal Article
The budget deficit in an endogenous growth model with bequest and money holdings
by Yasuhito Tanaka
Abstract
By an endogenous growth model with a two-period overlapping generations structure, I examine the existence of a budget deficit in an economy that endogenously grows by investments of firms. The consumers leave bequests to their descendants and hold money as a part of their savings. I use a Barro-type utility function, where people include the utility of their children in their [...] Read more
Hit Affiliation:
Faculty of Economics, Doshisha University, Kyoto, Japan

Journal Article
Greasing the revolving door: foreign aid, governance, and private capital flows
by Ugochukwu Anyanwu  and  Amarachukwu Anyanwu
Abstract
There is a considerable amount of debate on the impact of capital liberalization on economic performance. Using Three-Stage Least Squares (3SLS) estimation technique introduced by Zellner and Theil (1962), we synthesize studies on the determinants of governance and capital flows. We find evidence of a revolving door relationship. Foreign aid has a negative impact on governance [...] Read more
Hit Affiliation:
Department of Economics and Finance, LUISS Guido Carli University, Roma, Italy
Department of Financial and Business Systems, Lincoln University, Lincoln, New Zealand

Journal Article
The Impact of COVID-19 on Women’s Employment: Evidence from China
by Dong Zhou , Langchuan Peng  and  Shouer Chen
Abstract
This paper investigates the impacts of COVID-19 on women’s employment and gender disparity with a longitudinal dataset spanning the pandemic. We exploit the regional intensities of social vulnerability and temporal variation to implement the difference-in-differences (DID) estimation. The results indicate that the pandemic and its associated lockdowns generate a significa [...] Read more
Hit Affiliation:
Department of Cultural Industry and Management, Shanghai Jiao Tong University, Shanghai, China
Institute of Economics and Finance, Nanjing Audit University, Nanjing, China

Journal Article
Navigating the Confluence of Inequality and STEM Equity: An Australian Perspective
by Alicia Liu , Safdar Khan  and  Alexandra Bec
Abstract
This study underscores the chronic issue of gender pay disparity that prevails across different STEM fields and educational qualification levels in Australia. Despite instances where women's incomes may align or even surpass men's, the broader pattern of inequality remains undeniable. The study advocates for targeted strategies to address gender pay gaps, particularly in fields [...] Read more
Hit Affiliation:
Bond Business School, Bond University, Gold Coast, Australia
University of Sunshine Coast, Gold Coast, Australia

Journal Article
Predicting Recessions and Information About Yield Curves and Stock Markets in Japan
by Hokuto Ishii
Abstract
Using data from the Japanese government bonds and stock markets, this study examines the predictability of Japanese recessions based on a probit model with instrument variables. By decomposing the term spread into the expected short-term interest rate and the term premium, this study analyzes the relationship between the components of the term spread and recessions. The results [...] Read more
Hit Affiliation:
School of Policy Studies, Chukyo University, Aichi, Japan

Journal Article
Aggregate Investor Sentiment and Time-Varying Price Discovery: Evidence from the Options Market
by Yaping Zhou  and  Dayong Lv
Abstract
Previous literature shows that the price-discovery ability of options market varies substantially over time. Using data of Shanghai Stock Exchange 50 exchange-traded fund options, this paper shows that options prices contribute relatively less to price discovery during low-sentiment periods, but the price-discovery ability of options market remains unchanged during high-sentime [...] Read more
Hit Affiliation:
Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai, China
School of Financial Technology, Shanghai Lixin University of Accounting and Finance, Shanghai, China

Journal Article
Beyond Their Borders – Economic Freedom: Uncovering One of the Motivations of Unauthorized Migration to the U.S.A.
by Rafael Acevedo  and  Juan Bogado
Abstract
This study documents the relationship between economic freedom and unauthorized immigration to the U.S.A. and tries to answer a still-in-debate question, what motivates people to unauthorizedly migrate? Using the generated instrument variables methodology, and a data panel of 15 countries and 16 years, the endogenous variable is the gap in economic freedom between the country o [...] Read more
Hit Affiliation:
Menard Family Center for Economic Inquiry, Creighton University, Omaha, NE, USA
Department of Accounting, Economics, and Finance, University of Illinois Springfield, Springfield, IL, USA
School of Business, Western New Mexico University, Silver City, NM, USA

Journal Article
ESG-focused hedge fund activism
by Derwis Dilek
Abstract
Investment funds are increasingly focusing on ESG issues, seeking to contribute to improving environmental, social, and governance concerns. ESG-focused investing involves promoting good ESG performance and may result in a decrease in expected financial returns. This may lead to a conflict between solely profit-focused shareholders and ESG-focused investors, who may respond acc [...] Read more
Hit Affiliation:
Institute for Law and Regulation of Digitalisation, University of Marburg, Marburg, Germany

Journal Article
Confrontation between shareholders and local residents over safety investments in high-risk industries
by Nicolas Piluso
Abstract
The aim of this article is to model a negotiation between shareholders in high-technology-risk industries and local residents on the safety investments to be implemented. The methodology used is a Nash bargaining model, with a DE curve representing shareholders' dividend demands and an NS curve representing the safety demands of local residents' associations. The model is used [...] Read more
Hit Affiliation:
IUT GEA Ponsan, Paul Sabatier University, Toulouse, France

Journal Article
Spatial dynamic evolution of environmental infrastructure governance in China
by Ke Guo
Abstract
The implementation of environmental protection strategy necessarily requires mapping the amount of capital stock of environmental infrastructure. Through the Weibull distribution function and hyperbolic age-decreasing efficiency model, the provincial environmental infrastructure capital stock in China from 1980 to 2018 is measured cautiously, and its spatial dynamics with the g [...] Read more
Hit Affiliation:
School of Public Policy and Administration, Chongqing University, Chongqing, China

Journal Article
Labour Market Flexibility and Long-Run Growth in Developed Economies
by Raffaella Belloni , W. Robert J. Alexander  and  Sajid Anwar
Abstract
We examine the relationship between labour market flexibility, as measured by employment protection legislation (EPL), and long-term economic growth in developed economies from 1995 to 2022. We consider conflicting viewpoints on whether rigid labour market regulations hinder or promote economic growth. Employing a cross-country regression model, controlling for factors includin [...] Read more
Hit Affiliation:
School of Business and Creative Industries, University of the Sunshine Coast, Queensland, Australia