City Research Online

Akgun, O., Pirotte, A., Urga, G. ORCID: 0000-0002-6742-7370 & Yang, Z.view all authors (2024). Equal Predictive Ability Tests Based on Panel Data with Applications to OECD and IMF Forecasts. International Journal of Forecasting, 40(1), pp. 202-228. doi: 10.1016/j.ijforecast.2023.02.001

Andrew, M. ORCID: 0000-0002-5256-4882 & Culley, J. (2024). Housing Tenure Outcomes of Young Adults in England Since 2000: Reviewing the Evidence. London, UK: .

Andrew, M. ORCID: 0000-0002-5256-4882 & Culley, J. (2024). Leasehold Reform Bill: Written evidence submitted by Dr Mark Andrew and Dr James Culley (LFRB23). UK Parliament.

Andrew, M. ORCID: 0000-0002-5256-4882, Culley, J. & Sleptcovac, M. (2024). Leasehold extensions: The Relativity conundrum and the time value of housing. .

Aslam, M.N. (2024). Profit and Loss Sharing Finance – Application, Risk Management and Theories of Capital Structure. (Unpublished Doctoral thesis, City, University of London)

Aurelio, V. & Xiao, X. ORCID: 0000-0002-0564-9795 (2024). Default risk and option returns. Management Science, 70(4), pp. 2144-2167. doi: 10.1287/mnsc.2023.4796

Bailey, W., Muradoglu, G., Onay, C. & Phylaktis, K. ORCID: 0000-0001-9392-1682view all authors (2024). Foreign investors, firm level productivity, and European economic integration. Journal of Corporate Finance, 85, article number 102564. doi: 10.1016/j.jcorpfin.2024.102564

Ballotta, L. ORCID: 0000-0002-2059-6281 (2024). Is the VIX Just Volatility? The Devil is in the (De)tails. Wilmott, 2024(130), doi: 10.54946/wilm.12022

Ballotta, L. ORCID: 0000-0002-2059-6281 (2024). The calibration conundrum. Wilmott, 2024(134), pp. 18-20. doi: 10.54946/wilm.12087

Ballotta, L. ORCID: 0000-0002-2059-6281, Fusai, G. ORCID: 0000-0001-9215-2586 & Marazzina, D. (2024). Counting jumps: does the counting process count?. Quantitative Finance, 24(11), pp. 1621-1640. doi: 10.1080/14697688.2024.2357731

Bennouri, M., Falconieri, S. ORCID: 0000-0002-7633-562X & Weaver, D. (2024). The Cost of Fragmentation: Lessons from Initial Public Offerings. The European Journal of Finance, 30(2), pp. 205-228. doi: 10.1080/1351847x.2023.2206972

Bhattacharya, U., Kumar, A., Visaria, S. ORCID: 0000-0001-7406-4929 & Zhao, J.view all authors (2024). Do Women Receive Worse Financial Advice?. The Journal of Finance, 79(5), pp. 3261-3307. doi: 10.1111/jofi.13366

Bilinski, P. ORCID: 0000-0002-0499-6429 (2024). Beyond the street EPS surprise – when ‘other surprises’ matter in explaining earnings announcement returns. Accounting and Business Research, pp. 1-32. doi: 10.1080/00014788.2024.2400875

Bilinski, P. ORCID: 0000-0002-0499-6429 (2024). The content of tweets and the usefulness of YouTube and Instagram in corporate communication. The European Accounting Review, 33(1), pp. 279-311. doi: 10.1080/09638180.2022.2084759

Blake, D. ORCID: 0000-0002-2453-2090 & Li, J. (2024). Longevity risk and capital markets: the 2022–2023 update. The Geneva Papers on Risk and Insurance - Issues and Practice, 49(2), pp. 229-233. doi: 10.1057/s41288-024-00314-3

Cairns, A. J. G. ORCID: 0000-0001-9732-4850, Blake, D. ORCID: 0000-0002-2453-2090, Kessler, A. , Kessler, M. & Mathur, R.view all authors (2024). Covid-19 mortality: the Proportionality Hypothesis. European Actuarial Journal, doi: 10.1007/s13385-024-00400-9

Casu, B. ORCID: 0000-0003-3586-328X, Chiaramonte, L., Croci, E. & Filomeni, S.view all authors (2024). Access to Credit in a Market Downturn. Journal of Financial Services Research, 66(2), pp. 143-169. doi: 10.1007/s10693-022-00388-x

Cestone, G. ORCID: 0000-0002-3667-7895, Fumagalli, C., Kramarz, F. & Pica, G.view all authors (2024). Exploiting Growth Opportunities: The Role of Internal Labor Markets. The Review of Economic Studies, 91(5), pp. 2676-2716. doi: 10.1093/restud/rdad094

Cincinelli, P., Pellini, E. & Urga, G. ORCID: 0000-0002-6742-7370 (2024). Is There an Optimal Level of Leverage? The Case of Banks and Non-Bank Institutions in Europe. International Review of Financial Analysis, 94, article number 103323. doi: 10.1016/j.irfa.2024.103323

Cincinelli, P., Tsolacos, S. & Urga, G. ORCID: 0000-0002-6742-7370 (2024). Price Exuberance Episodes in Private Real Estate. Journal of Financial Stability, 74, article number 101300. doi: 10.1016/j.jfs.2024.101300

Clare, A. ORCID: 0000-0002-4180-6778, Seaton, J., Smith, P. N. & Thomas, S. ORCID: 0000-0001-5438-4263view all authors (2024). The Science of Flexible Retirement Choices: Switching Retirement Savings into an Annuity. Journal of Retirement, 11(4), pp. 59-75. doi: 10.3905/jor.2024.1.160

Clare, A. D. ORCID: 0000-0002-4180-6778, Keswani, A. ORCID: 0000-0001-9096-7677 & Motson, N. ORCID: 0000-0003-1418-9927 (2024). The Case for Integrating ESG into Fixed Income Portfolios. The Journal of Portfolio Management, 50(9), pp. 152-163. doi: 10.3905/jpm.2024.1.620

Corradi, V., Fosten, J. & Gutknecht, D. (2024). Predictive ability tests with possibly overlapping models. Journal of Econometrics, 241(1), article number 105716. doi: 10.1016/j.jeconom.2024.105716

Delvaux, Joe (2024). Essays on Emerging Market and Frontier Market Bonds. (Unpublished Doctoral thesis, City, University of London)

Forcellini, M. (2024). Essays on supervisory banking activities and financial stability. (Unpublished Doctoral thesis, City, University of London)

Fosten, J., Gutknecht, D. & Pohle, M-O. (2024). Testing Quantile Forecast Optimality. Journal of Business & Economic Statistics, 42(4), pp. 1367-1378. doi: 10.1080/07350015.2024.2316091

Franco, L. (2024). New developments in financial technology and banking regulation. (Unpublished Doctoral thesis, City, University of London)

Franus, T. (2024). Essays on Trading and Manipulation in Financial Markets. (Unpublished Doctoral thesis, City, University of London)

Fusai, G. ORCID: 0000-0001-9215-2586 (2024). Monotonic transformation and recovering the implied stock price process. Decisions in Economics and Finance, doi: 10.1007/s10203-024-00447-z

Fusai, G. ORCID: 0000-0001-9215-2586 & Gambaro, A. M. (2024). Pricing on Trees Using New Risk-Free Rates. The Journal of Derivatives, 32(1), pp. 139-159. doi: 10.3905/jod.2024.1.214

Fusai, G. ORCID: 0000-0001-9215-2586, Mignacca, D. & Al-Thani, K. (2024). Converting a covariance matrix from local currencies to a common currency. The Journal of Risk, 26(6), pp. 77-85. doi: 10.21314/jor.2024.009

Gamba, A., Gong, J. Y. ORCID: 0009-0003-4018-588X & Ma, K. (2024). Nondilutive CoCo Bonds: A Necessary Evil?. The Review of Corporate Finance Studies, doi: 10.1093/rcfs/cfae004

Halická, M., Trnovská, M. & Černý, A. ORCID: 0000-0001-5583-6516 (2024). A unified approach to radial, hyperbolic, and directional efficiency measurement in Data Envelopment Analysis. European Journal of Operational Research, 312(1), pp. 298-314. doi: 10.1016/j.ejor.2023.06.039

Kerssenfischer, M. & Schmeling, M. ORCID: 0000-0002-4488-6750 (2024). What moves markets?. Journal of Monetary Economics, 145, article number 103560. doi: 10.1016/j.jmoneco.2024.103560

Kladakis, G. & Skouralis, A. ORCID: 0000-0003-0835-1457 (2024). Credit rating downgrades and systemic risk. Journal of International Financial Markets, Institutions and Money, 90, article number 101902. doi: 10.1016/j.intfin.2023.101902

Kladakis, G. & Skouralis, A. ORCID: 0000-0003-0835-1457 (2024). Election cycles and systemic risk (WP-CBR-02-2024). London, UK: Centre for Banking Research, Bayes Business School, City St George's University of London.

Kräussl, R. ORCID: 0000-0001-8933-9278, Kräussl, Z. ORCID: 0000-0001-8718-4874, Pollet, J. & Rinne, K.view all authors (2024). The performance of marketplace lenders. Journal of Banking & Finance, 162, article number 107124. doi: 10.1016/j.jbankfin.2024.107124

Kräussl, R. ORCID: 0000-0001-8933-9278, Oladiran, T. & Stefanova, D. (2024). A review on ESG investing: Investors' expectations, beliefs and perceptions. Journal of Economic Surveys, 38(2), pp. 476-502. doi: 10.1111/joes.12599

Kräussl, R. ORCID: 0000-0001-8933-9278 & Tugnetti, A. ORCID: 0000-0003-3811-2828 (2024). Non‐Fungible Tokens (NFTs): A Review of Pricing Determinants, Applications and Opportunities. Journal of Economic Surveys, 38(2), pp. 555-574. doi: 10.1111/joes.12597

Kumar, A., Motahari, M. ORCID: 0000-0003-3245-8545 & Taffler, R. J. (2024). Skewness Sentiment and Market Anomalies. Management Science, 70(7), pp. 4328-4356. doi: 10.1287/mnsc.2023.4898

Kyriakou, I. ORCID: 0000-0001-9592-596X, Brignone, R. & Fusai, G. ORCID: 0000-0001-9215-2586 (2024). Unified moment-based modelling of integrated stochastic processes. Operations Research, 72(4), pp. 1630-1653. doi: 10.1287/opre.2022.2422

Larrain, B., Roosenboom, P., Sertsios, G. & Urzúa, F. ORCID: 0000-0003-4681-7684view all authors (2024). Ownership Concentration and Firm Value: New Evidence from Owner Stakes in IPOs. Management Science, 70(7), pp. 4441-4464. doi: 10.1287/mnsc.2021.01039

Lasfer, M. ORCID: 0000-0003-2338-672X & Ye, X. (2024). Corporate insiders’ exploitation of investors’ anchoring bias at the 52-week high and low. The Financial Review, 59(2), pp. 391-432. doi: 10.1111/fire.12371

Lasfer, M. ORCID: 0000-0003-2338-672X & Ye, X. (2024). Executive Equity-Based Compensation and Tournament Incentives. European Financial Management, 31(3), pp. 1015-1041. doi: 10.1111/eufm.12533

Le, P. L. & Do, T. ORCID: 0000-0001-9550-4807 (2024). Heterogeneity in bubble experience across firms: an examination of the tech bubble. Applied Economics Letters, pp. 1-9. doi: 10.1080/13504851.2024.2372405

Lee, T. ORCID: 0000-0002-4989-619X, Moutzouris, I. C. ORCID: 0000-0002-6954-9961, Papapostolou, N. C. ORCID: 0000-0003-4529-1182 & Fatouh, M.view all authors (2024). Foreign exchange hedging using regime‐switching models: The case of pound sterling. International Journal of Finance and Economics, 29(4), pp. 4813-4835. doi: 10.1002/ijfe.2893

Li, G., Spence, C. & Chen, Z. (2024). Sell-Side Analysts as Social Intermediaries. Contemporary Accounting Research, 41(3), pp. 1925-1951. doi: 10.1111/1911-3846.12968

Li, J. (2024). Essays on Corporate Finance and Corporate Governance. (Unpublished Doctoral thesis, City, University of London)

Luo, M. ORCID: 0009-0008-2356-1536, Manconi, A. & Schumacher, D. (2024). Returns to Scale from Labor Specialization: Evidence from Asset Management Mergers. The Review of Corporate Finance Studies, 13(2), pp. 384-427. doi: 10.1093/rcfs/cfad024

Lux, N. ORCID: 0000-0001-6097-8498 & Skouralis, A. (2024). Bayes Business School Commercial Real Estate Lending Report MY 2024. London, UK: Bayes Business School.

Maitra, P., Mitra, S., Mookherjee, D. & Visaria, S. ORCID: 0000-0001-7406-4929view all authors (2024). Decentralized Targeting of Agricultural Credit Programs: Private versus Political Intermediaries. Journal of the European Economic Association, 22(6), pp. 2648-2699. doi: 10.1093/jeea/jvae018

Maitra, P., Mitra, S., Mookherjee, D. & Visaria, S. ORCID: 0000-0001-7406-4929view all authors (2024). Declining Clientelism of Welfare Benefits? Targeting and Political Competition based Evidence from an Indian State. .

Marinoff, E. A. (2024). Behavioural Finance and Cryptocurrencies: Studies of Behavioural Finance in Cryptocurrency Markets. (Unpublished Doctoral thesis, City, University of London)

Mateus, C., Mateus, I. & Todorovic, N. ORCID: 0000-0003-4875-623X (2024). Searching for mutual fund winners? the strategy is to outbid both, the benchmark and the peer group. Applied Economics, 56(11), pp. 1268-1282. doi: 10.1080/00036846.2023.2175778

Menkveld, A. J., Dreber, A., Holzmeister, F. , Huber, J., Johanneson, M., Kirchler, M., Neusüss, S., Razen, M., Weitzel, U., Franus, T. ORCID: 0000-0003-0230-1387 & et al.view all authors (2024). Nonstandard Errors. The Journal of Finance, 79(3), pp. 2339-2390. doi: 10.1111/jofi.13337

Moutzouris, I. C. ORCID: 0000-0002-6954-9961, Papapostolou, N. C. ORCID: 0000-0003-4529-1182, Marchese, M. ORCID: 0000-0001-6801-911X & Tamvakis, M. ORCID: 0000-0002-5056-0159view all authors (2024). Determinants of the price premium for Eco vessels. Commodity Insights Digest, 2(1), doi: 10.1016/j.trd.2024.104414

Moutzouris, I. C. ORCID: 0000-0002-6954-9961, Papapostolou, N. C. ORCID: 0000-0003-4529-1182, Marchese, M. ORCID: 0000-0001-6801-911X , Tamvakis, M. N. ORCID: 0000-0002-5056-0159 & Shi, Y. ORCID: 0000-0002-3226-7944view all authors (2024). Determinants of the price premium for eco vessels. Transportation Research Part D: Transport and Environment, 136, article number 104414. doi: 10.1016/j.trd.2024.104414

Mudarisov, T., State, R. V., Kraussl, Z. ORCID: 0000-0001-8718-4874 , Yakubov, A. & Petrova, T.view all authors (2024). Cross-Sector Market Regime Forecasting with LLM-Augmented News Analysis. In: Proceedings of the 5th ACM International Conference on AI in Finance. ICAIF '24: 5th ACM International Conference on AI in Finance, 14-17 Nov 2024, Brooklyn, NY, USA. doi: 10.1145/3677052.3698642

Odumodu, R. J. (2024). Macro-financial and geopolitical analysis of African equity capital markets. (Unpublished Doctoral thesis, City, University of London)

Park, G. ORCID: 0000-0002-1009-7462 (2024). The Impact of Performance Reporting on Investment Behavior: Evidence from Disclosure Reform in the U.K. The Accounting Review, 99(4), pp. 427-453. doi: 10.2308/tar-2021-0863

Peydró, J-L., Rodriguez Tous, F. ORCID: 0000-0001-8394-2770, Tripathy, J. & Uluc, A.view all authors (2024). Macroprudential Policy, Mortgage Cycles and Distributional Effects: Evidence from the United Kingdom. The Review of Financial Studies, 37(3), pp. 727-760. doi: 10.1093/rfs/hhad070

Pezier, E. & Volpin, P. ORCID: 0000-0002-9287-0972 (2024). Shareholder Activism in Small-Cap Newly Public Firms. Financial Analysts Journal, 80(2), pp. 52-73. doi: 10.1080/0015198X.2023.2283445

Pouliasis, P. K. ORCID: 0000-0002-7389-3722 (2024). Oil price uncertainty and the relation to tanker shipping. International Journal of Finance and Economics, 29(2), pp. 2472-2494. doi: 10.1002/ijfe.2792

Protopsalti, D. & Skouralis, A. ORCID: 0000-0003-0835-1457 (2024). Can toll prices changes affect the housing market? The case of the Severn crossing toll removal. Journal of European Real Estate Research, 17(1), pp. 87-101. doi: 10.1108/jerer-09-2023-0034

Py, E. (2024). Three essays on the Chinese Financial Sector. (Unpublished Doctoral thesis, City, University of London)

Skouralis, A. ORCID: 0000-0003-0835-1457 & Lux, N. (2024). Measuring the interconnectedness and systemic risk in the European listed real estate sector. Brussels, Belgium: EPRA.

Skouralis, A. ORCID: 0000-0003-0835-1457, Lux, N. ORCID: 0000-0001-6097-8498 & Andrew, M. ORCID: 0000-0002-5256-4882 (2024). Does flood risk affect property prices? Evidence from a property-level flood score. Journal of Housing Economics, 66, article number 102027. doi: 10.1016/j.jhe.2024.102027

Snyder, D. C. (2024). Essays on Credit Scoring and Credit Risk Data for Small and Medium Enterprise (SME) Lending. (Unpublished Doctoral thesis, City, University of London)

Sun, C. ORCID: 0000-0003-4081-2815 (2024). Factor correlation and the cross section of asset returns: A correlation-robust machine learning approach. Journal of Empirical Finance, 77, article number 101497. doi: 10.1016/j.jempfin.2024.101497

Tao, J. (2024). Essays on Empirical Corporate Finance. (Unpublished Doctoral thesis, City, University of London)

Urga, G. ORCID: 0000-0002-6742-7370 & Wang, F. (2024). Estimation and Inference for High Dimensional Factor Model with Regime Switching. Journal of Econometrics, 241(2), article number 105752. doi: 10.1016/j.jeconom.2024.105752

Wang, L. (2024). Bayesian Markov-Switching Models with Economic and Financial Applications. (Unpublished Doctoral thesis, City, University of London)

Černý, A. ORCID: 0000-0001-5583-6516, Czichowsky, C. & Kallsen, J. (2024). Numeraire-invariant quadratic hedging and mean-variance portfolio allocation. Mathematics of Operations Research, 49(2), pp. 752-781. doi: 10.1287/moor.2023.1374