Business Finance Research Group

Publications

Members of the group publish their research in top international journals across five main topics related to Business Finance.

Business finance and financial crisis

Jelic, R., Common Factors in the Performance of European Corporate Bonds – Evidence Before and After Financial Crisis (with W. Aussenegg and L. Gotz), forthcoming in European Financial Management, 2015, doi: 10.1111/j.1468-036X.2013.12009.x. 

Jelic, R., European Bond ETFs-Tracking Errors and Sovereign Debt Crisis (with M. Drenovak and B. Urosevic), European Financial Management, 20, 5, 2014, 958-994,  doi: 10.1111/j.1468-036X.2012.00649.x.

Jelic, R., European Asset Swap Spreads and the Credit Crisis (with W. Aussenegg and L. Gotz), forthcoming in European Journal of Finance, 2015,  doi:10.1080/1351847X.2014.935869.

Forker, J., Credit Unions: Pre and post financial crisis austerity: financial management, board gender and deprivation (with A.M. Ward (UUJ) and B.Reilly) 2015, Working paper.

Gounopoulos, D., The Choice Among Non-Callable and Callable Bonds (with L. Booth and F. Skinner), 2014, Journal of Financial Research 372014, pp 435-460.

Gounopoulos, D., Transmission Channels of Systematic Risk and Contagion in the European Financial Network (with R. Kizys, Y Koutelidakis and N. Paltalidis), 2015, forthcoming in the Journal of Banking and Finance.

Jory, S., The market response to corporate scandals involving CEOs (with Ngo, T., Wang, D. and Saha, A), Applied Economics, 47 (17), 2015, pp. 1723-1738. ISSN 0003-6846.

Jory, S (2013) A multi-country analysis of the 2007–2009 financial crisis: empirical results from discrete and continuous time models. (with Dontis-Charitos, P., Ngo, T. N. and Nowman, K. B.),  Applied Financial Economics, 23 (11). pp. 929-950. ISSN 0960-3107

SMEs finance

Storey, D., Are good or bad borrowers discouraged from applying for loans? Evidence from US small business credit markets (with H. Liang and F. Stuart), Journal of Banking and Finance, 33 (2), 2009, pp. 415-424. ISSN 03784266.

Storey, D., The role of collateral in entrepreneurial finance, (With H. Liang and F. Stuart), Journal of Business Finance and Accounting, 36 (3-4), 2009, pp. 424-455. ISSN 0306686X.

Jelic, R., Staying Power of UK Buy-outs, Journal of Business Finance and Accounting, 2011, 38, 7-8, 945-986.

Jelic, R. Performance of private to public MBOs: the role of venture capital (with Saadouni, B. and Wright, M.), Journal of Business Finance and Accounting, 32 (3-4). 2005, pp. 643-681. ISSN 0306-686X.

Jelic, R., Exits, Performance, and Late Stage Capital: the Case of UK Management Buy-outs (with M. Wright), European Financial Management, 2011, 17, 3, 560-593.

Jelic, R., SMBO: Buying Time or Improving Performance? (with D. Zhou and M. Wright), Journal of Managerial and Decision Economics, 35, 2, 2014, 88–102.

Nightingale, P., High-growth firms: introduction to the special section (with Coad, A., Daunfeldt, S., Hölzl, W., and Johansson, D.)  Industrial and Corporate Change, 23 (1). 2014, pp. 91-112. ISSN 0960-6491.

Nightingale, P., Business experience and start-up size: buying more lottery tickets next time around? (with Coad, A., Frankish, J., and Roberts, R.), Small Business Economics. 2014, ISSN 0921-898X.

Accounting and valuation issues in SMEs and public companies

 

Van Der Heijden, H., Profitability in the car industry: new measures for estimating targets and target directions (with Garn, W.), European Journal of Operational Research, 225 (3). 2013, pp. 420-428. ISSN 0377-2217.

Van Der Heijden, H., Small is beautiful? Financial efficiency of small fundraising charities. British Accounting Review, 45 (1). 2013, pp. 50-57. ISSN 0890-8389.

Forker, J., Comparison of Error Rates for EVA, Residual Income, GAAP-earnings, and Other Metrics Using a Long-Window Valuation Approach” (with Ronan Powell), European Accounting Review, 2008, 17, 3: 471-502.

Gounopoulos, D., Regulatory change, Earnings management and the long run performance of IPOs (with S. Boubaker, K. Kallias and A. Kallias), 2015, forthcoming in the Review of Quantitative Finance and Accounting.

Jelic, R., Earnings Management in UK Management Buyouts (with L. Tutuncu), under review in Accounting Business Research.

Transition from SMEs to public firms via initial public offerings (IPOs)

 

Jelic, R., Lockup Agreements and Survival of UK IPOs (with W. Ahmad), Journal of BusinessFinance and Accounting, 41, 5-6, 2014, 717-742.

Gounopoulos, D., Financial Innovation and Growth: Listings and IPOs from 1880 to WWII, (with S. Thomadakis, C. Nounis and M. Riginos) (2014), London School of Economics, Working Paper & Revise and Resubmit in the Economic History Review.

Gounopoulos, D., Collateral Regulation and IPO-specific liberalization: The case of price limits in the ASE (with S. Thomadakis, A. Merikas & C. Nounis), 2015, forthcoming in European Financial Management.

Gounopoulos, D., Collateral Regulation and IPO-specific liberalization: The case of price limits in the ASE (with S. Thomadakis, A. Merikas & C. Nounis), 2015, forthcoming in European Financial Management.

Gounopoulos, D., Regulatory change, Earnings management and the long run performance of IPOs (with S. Boubaker, K. Kallias and A. Kallias), 2015, forthcoming in the Review of Quantitative Finance and Accounting.

Corporate governance issues in SMEs and public companies

John F., Financial management effectiveness and board gender diversity in member-governed, community financial institutions? 2015, Journal of Business Ethics (second round).

Siepel, J. and Nightingale, P. Anglo-Saxon governance: similarities, difference and outcomes in a financialised world. Critical Perspectives On Accounting, 25 (1). 2014. pp. 27-35. ISSN 1045-2354.

Gounopoulos, D., Corporate Governance Mechanisms and Asymmetric Information (with A. Abdelattif and F. Skinner), 2014, forthcoming in the Journal of Financial Markets, Institutions and Instrument.  

Jelic, R., Corporate Governance of SMBOs: Is it Really Different? (with D. Zhou and M. Wright), working paper.

Zhang, X., Family control, multiple institutional block-holders and informed trading (with Piesse, J. and Filatotchev, I.), The European Journal of Finance, 2015, forthcoming.

Zhang, X., Forced financial information restatements and management turnover: market discipline and large family shareholders' intervention in an emerging economy (with Wei, J-T. and Wu, H-H), Asia Pacific Journal of Management, 2013, 30(4):1005-1029.