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Outputs (4)

Excess Cash Holdings, Stock Returns, and Investment Organicity: Evidence from UK Investment Announcements (2022)
Journal Article
Jones, E., Li, H., & Adamolekun, O. (2022). Excess Cash Holdings, Stock Returns, and Investment Organicity: Evidence from UK Investment Announcements. Abacus, 58(4), 603-647. https://doi.org/10.1111/abac.12275

This paper examines whether the market reaction to investment announcements is conditional on company excess cash holdings. Cash may convey significant price-relevant information about the future cash flows and strategic direction of a company. Using... Read More about Excess Cash Holdings, Stock Returns, and Investment Organicity: Evidence from UK Investment Announcements.

Supply side sentiments and international travel: a novel dynamic simulation of policy options for business and investor sentiments (2022)
Journal Article
Adamolekun, G., Adedoyin, F. F., & Ozturk, I. (in press). Supply side sentiments and international travel: a novel dynamic simulation of policy options for business and investor sentiments. Journal of Policy Research in Tourism, Leisure and Events, https:

The tourism literature widely documents how emotions, mood and optimism drive the demand for tourism. However, the literature is mute on whether sentiment plays a role in the supply side. We use a forward-looking forecasting model to investigate the... Read More about Supply side sentiments and international travel: a novel dynamic simulation of policy options for business and investor sentiments.

Corporate carbon emissions and market valuation of organic and inorganic investments (2022)
Journal Article
Adamolekun, G., Kwansa, N. A., & Kwabi, F. (2022). Corporate carbon emissions and market valuation of organic and inorganic investments. Economics Letters, 221, Article 110887. https://doi.org/10.1016/j.econlet.2022.110887

We empirically examine the impact of a firm’s carbon emissions level on the market valuation of organic and inorganic investments. We document that the market reacts negatively to corporate investment announcements by companies with high carbon emiss... Read More about Corporate carbon emissions and market valuation of organic and inorganic investments.

Cash Holding Dynamics and Competition Intensity: Evidence from UK firms (2022)
Journal Article
Adamolekun, G., Jones, E., & Li, H. (2023). Cash Holding Dynamics and Competition Intensity: Evidence from UK firms. Managerial and Decision Economics, 44(1), 641-662. https://doi.org/10.1002/mde.3705

Using a quasi-natural experiment and various measures of competition intensity, we examine whether an increase in product market competition is a key driver of firm cash holdings. We find that firms increase cash holdings when competition is intense.... Read More about Cash Holding Dynamics and Competition Intensity: Evidence from UK firms.