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Article

Aubry, M., Kräussl, R. ORCID: 0000-0001-8933-9278, Manso, G. & Spaenjers, C.view all authors (2023). Biased Auctioneers. The Journal of Finance, 78(2), pp. 795-833. doi: 10.1111/jofi.13203

Ayadi, R., Bongini, P., Casu, B. ORCID: 0000-0003-3586-328X & Cucinelli, D.view all authors (2023). Bank Business Models in MENA and African Countries: The Relevance of Contextual Variables. Review of Corporate Finance, 3(3), pp. 329-359. doi: 10.1561/114.00000043

Bae, J. ORCID: 0000-0003-1580-8718 & Yu, J. (2023). Misstatement verifiability and managers’ earnings warning decisions. Journal of Accounting and Public Policy, 42(6), article number 107152. doi: 10.1016/j.jaccpubpol.2023.107152

Bae, J. ORCID: 0000-0003-1580-8718, Yu Hung, C. & van Lent, L. (2023). Mobilizing Text As Data. European Accounting Review, 32(5), pp. 1085-1106. doi: 10.1080/09638180.2023.2218423

Ballotta, L. ORCID: 0000-0002-2059-6281 (2023). Once upon a time there was a magic formula. Wilmott Magazine, 2023(126), pp. 70-72. doi: 10.54946/wilm.11151

Ballotta, L. ORCID: 0000-0002-2059-6281 (2023). Demystifying generic beliefs on jump models. Wilmott, 2023(124), pp. 70-73. doi: 10.54946/wilm.11110

Bilinski, P. ORCID: 0000-0002-0499-6429 (2023). Analyst Research Activity During the COVID-19 Pandemic. Abacus, 59(4), pp. 1041-1073. doi: 10.1111/abac.12291

Blake, D. ORCID: 0000-0002-2453-2090 (2023). Target2: The Silent Bailout System That Keeps the Euro Afloat. Journal of Risk and Financial Management, 16(12), article number 506. doi: 10.3390/jrfm16120506

Blake, D. ORCID: 0000-0002-2453-2090, Cairns, A. J. G., Kallestrup-Lamb, M. & Rangvid, J.view all authors (2023). Longevity risk and capital markets: the 2021–22 update. Journal of Demographic Economics, 89(3), pp. 299-312. doi: 10.1017/dem.2023.2

Cao, J. J., Vasquez, A. A., Xiao, X. ORCID: 0000-0002-0564-9795 & Zhan, X. E.view all authors (2023). Why Does Volatility Uncertainty Predict Equity Option Returns?. The Quarterly Journal of Finance, 13(1), article number 2350005. doi: 10.1142/s2010139223500052

Cao, J., Goyal, A., Xiao, X. ORCID: 0000-0002-0564-9795 & Zhan, X.view all authors (2023). Implied Volatility Changes and Corporate Bond Returns. Management Science, 69(3), pp. 1375-1397. doi: 10.1287/mnsc.2022.4379

Casu, B. ORCID: 0000-0003-3586-328X, Gallo, A., Kalotychou, E. & Sarkisyan, A.view all authors (2023). Bank Misconduct, Board Diversity and CEO Turnover. Review of Corporate Finance, 3(1–2), pp. 149-174. doi: 10.1561/114.00000038

Cho, H., Choi, G-Y. ORCID: 0000-0001-5285-2617 & Lee, J. (2023). The impact of internet articles on investor trading decisions by investor types: Evidence from Korean stock market. Finance Research Letters, 56, article number 104110. doi: 10.1016/j.frl.2023.104110

Clare, A. D., Seaton, J., Smith, P. N. & Thomas, S. ORCID: 0000-0001-5438-4263view all authors (2023). The Minimum Acceptable Annual Withdrawal with the Perfect Withdrawal Rate Rule. Journal of Retirement, 11(1), pp. 34-55. doi: 10.3905/jor.2023.1.131

Corradi, V., Fosten, J. & Gutknecht, D. (2023). Out-of-sample tests for conditional quantile coverage an application to Growth-at-Risk. Journal of Econometrics, 236(2), article number 105490. doi: 10.1016/j.jeconom.2023.105490

Cuthbertson, K. ORCID: 0000-0003-2004-2630, Nitzsche, D. ORCID: 0000-0003-2441-1288 & O'Sullivan, N. (2023). UK mutual funds: performance persistence and portfolio size. Journal of Asset Management, 24(4), pp. 284-298. doi: 10.1057/s41260-023-00310-7

Danielle, L. & Bilinski, P. ORCID: 0000-0002-0499-6429 (2023). Does corporate social responsibility affect the institutional ownership of firms in the hospitality and tourism industry?. Tourism Economics, 29(4), pp. 853-879. doi: 10.1177/13548166211069899

Dergiades, T. & Pouliasis, P. K. ORCID: 0000-0002-7389-3722 (2023). Should Stock Returns Predictability be “hooked on” Long Horizon Regressions?. International Journal of Finance and Economics, 28(1), pp. 718-732. doi: 10.1002/ijfe.2446

Falconieri, S. ORCID: 0000-0002-7633-562X & Akter, M. (2023). Gender diversity and beyond in corporate finance: where do we stand?. Review of Corporate Finance, 3(1-2), pp. 1-33. doi: 10.1561/114.00000034

Falconieri, S. ORCID: 0000-0002-7633-562X & De Amicis, C. (2023). Managerial diversity and corporate communication in periods of crisis. Review of Corporate Finance, 3(1–2), pp. 213-244. doi: 10.1561/114.00000040

Fernandez-Perez, A., Fuertes, A-M. ORCID: 0000-0001-6468-9845 & Miffre, J. (2023). The Negative Pricing of the May 2020 WTI Contract. The Energy Journal, 44(1), pp. 119-142. doi: 10.5547/01956574.44.1.afer

Fich, E. M., Harford, J. & Tran, A. ORCID: 0000-0001-7090-8063 (2023). Disloyal managers and shareholders’ wealth. Review of Financial Studies, 36(5), pp. 1837-1888. doi: 10.1093/rfs/hhac070

Fich, E. M., Parrino, R. & Tran, A. ORCID: 0000-0001-7090-8063 (2023). When and How Are Rule 10b5-1 Plans Used for Insider Stock Sales?. Journal of Financial Economics, 149(1), pp. 1-26. doi: 10.1016/j.jfineco.2023.04.009

Fosten, J. & Nandi, S. (2023). Nowcasting from cross‐sectionally dependent panels. Journal of Applied Econometrics, 38(6), pp. 898-919. doi: 10.1002/jae.2980

Fratzscher, M., Heidland, T., Menkhoff, L. , Sarno, L. ORCID: 0000-0003-1279-9748 & Schmeling, M. ORCID: 0000-0002-4488-6750view all authors (2023). Foreign Exchange Intervention: A New Database. IMF Economic Review, 71(4), pp. 852-884. doi: 10.1057/s41308-022-00190-8

Fuertes, A-M. ORCID: 0000-0001-6468-9845 & Zhao, N. (2023). A Bayesian perspective on commodity style integration. Journal of Commodity Markets, 30, article number 100328. doi: 10.1016/j.jcomm.2023.100328

Gallo, A. ORCID: 0000-0002-8355-1689 & Park, M. (2023). CLO (Collateralized Loan Obligation) Market and Corporate Lending. Journal of Money, Credit and Banking, 55(5), pp. 1077-1118. doi: 10.1111/jmcb.12941

Gambaro, A. M., Fusai, G. ORCID: 0000-0001-9215-2586, Sodhi, M. ORCID: 0000-0002-2031-4387 , May, C. & Morelli, C.view all authors (2023). ICU Capacity Expansion Under Uncertainty in the Early Stages of a Pandemic. Production and Operations Management, 32(8), pp. 2455-2474. doi: 10.1111/poms.13985

Gemayel, R., Franus, T. & Bowden, J. (2023). Price discovery between Bitcoin spot markets and exchange traded products. Economics Letters, 228, article number 111152. doi: 10.1016/j.econlet.2023.111152

Gietzmann, M., Isidro, H. & Raonic, I. ORCID: 0000-0003-2982-8445 (2023). The Rise of Covenant-Lite Bond Contracting. JAAF: Journal of Accounting Auditing and Finance, 38(3), pp. 483-509. doi: 10.1177/0148558x20987384

Goncharov, I., Ioannidou, V. ORCID: 0000-0002-7996-2346 & Schmalz, M. (2023). (Why) do central banks care about their profits?. The Journal of Finance, 78(5), pp. 2991-3045. doi: 10.1111/jofi.13257

Han, T., Ghobadian, A., Yim, A. ORCID: 0000-0002-8063-6572 , Tao, R. & Thomas, H.view all authors (2023). Competitive Categorization and Networks: Cognitive Strategic Groups. British Journal of Management, 34(4), pp. 1687-1713. doi: 10.1111/1467-8551.12694

Hillebrand, E., Mikkelsen, J., Spreng, L. & Urga, G. ORCID: 0000-0002-6742-7370view all authors (2023). Exchange Rates and Macroeconomic Fundamentals: Evidence of Instabilities from Time-Varying Factor Loadings. Journal of Applied Econometrics, 38(6), pp. 857-877. doi: 10.1002/jae.2984

Hwan Ahn, J., Zulfiqar Ali Shah, S. & Park, G. ORCID: 0000-0002-1009-7462 (2023). A concave relation between equity-based incentives and misreporting. Journal of Accounting and Public Policy, 42(5), article number 107134. doi: 10.1016/j.jaccpubpol.2023.107134

Jung, J. H. ORCID: 0000-0002-1993-9419, Lim, S. S. & Park, J. (2023). Is your surname remunerative? Surname favorability and CEO compensation. Journal of Corporate Finance, 83, article number 102474. doi: 10.1016/j.jcorpfin.2023.102474

Kempf, E., Luo, M. ORCID: 0009-0008-2356-1536, Schäfer, L. & Tsoutsoura, M.view all authors (2023). Political ideology and international capital allocation. Journal of Financial Economics, 148(2), pp. 150-173. doi: 10.1016/j.jfineco.2023.02.005

Kilian, L., Nomikos, N. ORCID: 0000-0003-1621-2991 & Zhou, X. (2023). Container Trade and the U.S. Recovery. International Journal of Central Banking, 19(1), pp. 417-450.

Kladakis, G., Bellos, S. K. & Skouralis, A. ORCID: 0000-0003-0835-1457 (2023). Societal trust and bank opacity. Journal of Financial Regulation and Compliance, 31(5), pp. 770-783. doi: 10.1108/jfrc-05-2023-0073

Leong, S. H. & Urga, G. ORCID: 0000-0002-6742-7370 (2023). A practical multivariate approach to testing volatility spillover. Journal of Economic Dynamics and Control, 153, article number 104694. doi: 10.1016/j.jedc.2023.104694

Marchese, M. ORCID: 0000-0001-6801-911X, Kyriakou, I. ORCID: 0000-0001-9592-596X, Di Iorio, F. & Tamvakis, M. ORCID: 0000-0002-5056-0159view all authors (2023). Asset Correlations and Macroeconomic Fundamentals. Commodity Insights Digest, 1(2),

Mateus, C., Sarwar, S. & Todorovic, N. ORCID: 0000-0003-4875-623X (2023). Does equity mutual fund factor-risk-shifting pay off? Evidence from the US. The European Journal of Finance, 29(4), pp. 444-465. doi: 10.1080/1351847x.2022.2071629

Mignacca, D. & Fusai, G. ORCID: 0000-0001-9215-2586 (2023). Incremental Volatility and Related Portfolio Analytics. The Journal of Portfolio Management: the journal for investment professionals, 49(5), pp. 131-147. doi: 10.3905/jpm.2023.1.476

Muganda, B., Kyriakou, I. ORCID: 0000-0001-9592-596X & Shibwabo Kasamani, B. (2023). Modelling asymmetric dependence in stochastic volatility and option pricing: A conditional copula approach. Scientific African, 21, article number e01765. doi: 10.1016/j.sciaf.2023.e01765

Müller, M. A., Peter, C. D. & Urzúa, F. ORCID: 0000-0003-4681-7684 (2023). Owner Exposure Through Firm Disclosure. Accounting Review, 98(6), pp. 381-405. doi: 10.2308/tar-2020-0270

Müller, M., Peter, C. D. & Urzúa, F. ORCID: 0000-0003-4681-7684 (2023). Owner Exposure Through Firm Disclosure. Accounting Review, 98(6), doi: 10.2308/TAR-2020-0270

Neuberger, A. ORCID: 0000-0002-5344-1083 (2023). The Black–Scholes paper: a personal perspective. Decisions in Economics and Finance, 46(2), pp. 713-730. doi: 10.1007/s10203-023-00415-z

Newell, G., Nanda, A. & Moss, A. ORCID: 0000-0002-4320-1764 (2023). Improving the benchmarking of ESG in real estate investment. Journal of Property Investment and Finance, 41(4), pp. 380-405. doi: 10.1108/jpif-10-2021-0084

Nomikos, N. ORCID: 0000-0003-1621-2991 & Tsouknidis, D. (2023). Disentangling Demand and Supply Shocks in the Shipping Freight Market: their Impact on Shipping Investments. Maritime Policy & Management, 50(5), pp. 563-581. doi: 10.1080/03088839.2021.2017041

Ortiz, M., Peter, C. D., Urzúa, F. ORCID: 0000-0003-4681-7684 & Volpin, P. ORCID: 0000-0002-9287-0972view all authors (2023). Mandatory Financial Disclosure and M&A Activity. The Review of Financial Studies, 36(12), pp. 4788-4823. doi: 10.1093/rfs/hhad052

Pouliasis, P. K. ORCID: 0000-0002-7389-3722, Papapostolou, N. C. ORCID: 0000-0003-4529-1182, Tamvakis, M. ORCID: 0000-0002-5056-0159 & Moutzouris, I. C. ORCID: 0000-0002-6954-9961view all authors (2023). Carbon Emissions in the US: Factor Decomposition and Cross-State Inequality Dynamics. Energy Journal, 44(6), pp. 135-162. doi: 10.5547/01956574.44.6.ppou

Shi, Y. ORCID: 0000-0002-3226-7944, Sorrell, S. & Foxon, T. (2023). The impact of teleworking on domestic energy use and carbon emissions: An assessment for England. Energy and Buildings, 287, article number 112996. doi: 10.1016/j.enbuild.2023.112996

Skouralis, A. ORCID: 0000-0003-0835-1457 (2023). The Role of Systemic Risk Spillovers in the Transmission of Euro Area Monetary Policy. Open Economies Review, 34(5), pp. 1079-1106. doi: 10.1007/s11079-022-09707-0

Spreng, L. & Urga, G. ORCID: 0000-0002-6742-7370 (2023). Combining p-values for Multivariate Predictive Ability Testing. Journal of Business and Economic Statistics, 41(3), pp. 765-777. doi: 10.1080/07350015.2022.2067545

Tsolacos, S., Lee, S. & Tse, H. (2023). ‘Space-As-A-Service’: A Premium to Office Rents?. Journal of European Real Estate Research, 16(1), pp. 64-77. doi: 10.1108/jerer-10-2021-0049

Vitkova, V. ORCID: 0000-0003-3137-6564, Tian, S. & Sudarsanam, S. (2023). Allocative efficiency of internal capital markets: Evidence from equity carve-outs by diversified firms. International Review of Financial Analysis, 86, article number 102500. doi: 10.1016/j.irfa.2023.102500

van Binsbergen, J. H., Han, X. & Lopez-Lira, A. (2023). Man vs. Machine Learning: The Term Structure of Earnings Expectations and Conditional Biases. The Review of Financial Studies, 36(6), pp. 2361-2396. doi: 10.1093/rfs/hhac085

Černý, A. ORCID: 0000-0001-5583-6516 & Ruf, J. (2023). Simplified calculus for semimartingales: Multiplicative compensators and changes of measure. Stochastic Processes and their Applications, 161, pp. 572-602. doi: 10.1016/j.spa.2023.04.010

Conference or Workshop Item

Kräussl, Z. ORCID: 0000-0001-8718-4874, Baida, Z., Post, S. , Rukanova, B. & Tan, Y. H.view all authors (2023). Digital Infrastructures for Monitoring Circular Economy Investments by Financial Institutions and Government: A Research Agenda. In: Proceedings of Ongoing Research, Practitioners, Posters, Workshops, and Projects. International Conference EGOV-CeDEM-ePart 2022, 6-8 Sep 2022, Linköping, Sweden.

Report

Andrew, M. ORCID: 0000-0002-5256-4882 & Culley, J. (2023). Leasehold Reform Proposals in England and Wales: The unconsidered financial implications of reducing the premium in lease extensions. UK Centre for Collaborative Housing Evidence.

Blake, D. ORCID: 0000-0002-2453-2090 (2023). Productivity and exports – how SMART planning can resolve the UK’s two most serious economic crises. London, UK: City, Univeristy of London.

Lux, N. ORCID: 0000-0001-6097-8498 (2023). Bayes Business School Commercial Real Estate Lending Report - YE 2023. London, UK: Bayes Business School.

Thesis

Al-Sarraf, J.A. (2023). Essays on Diversity and Firm Performance. (Unpublished Doctoral thesis, City, University of London)

Ciampini, A. (2023). Essays on Factor Models in Asset Pricing. (Unpublished Doctoral thesis, City, University of London)

Findlater, A. (2023). The Annuity Puzzle: Insights from Recent UK Pension Developments. (Unpublished Doctoral thesis, City, University of London)

Gao, D. (2023). Essays in Financial Intermediation. (Unpublished Doctoral thesis, City, University of London)

Spreng, L. (2023). Essays on Econometric Forecasting. (Unpublished Doctoral thesis, City, University of London)

Wang, L. (2023). Essays on Rational Expectation Equilibrium and Mutual Fund Disclosure. (Unpublished Doctoral thesis, City, University of London)

Working Paper

Andrew, M. ORCID: 0000-0002-5256-4882 & Culley, J. (2023). Leasehold Reform Proposals in England and Wales: The unintended consequences of proposals to reduce the premium in short leasehold extensions. .

Degryse, H., De Winne, R., Gresse, C. & Payne, R. ORCID: 0000-0003-3123-5243view all authors (2023). Duplicated Orders, Swift Cancellations, and Fast Market Making in Fragmented Markets (10.2139/ssrn.3356695). SSRN.