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Financial anatomy of E4 Helsinki-Lahti shadow toll PPP-project (2013)
Journal Article
Leviäkangas, P., Wigan, M., & Haapasalo, H. (2013). Financial anatomy of E4 Helsinki-Lahti shadow toll PPP-project. Built Environment Project and Asset Management, 3(2), 165-180. https://doi.org/10.1108/BEPAM-04-2012-0017

Purpose – The purpose of this paper is to investigate the returns to the investors and the state in private finance of road infrastructure. It uses an empirical case of the E4 Helsinki-Lahti road, which was built in 1995-1999 in Finland as the first... Read More about Financial anatomy of E4 Helsinki-Lahti shadow toll PPP-project.

Do greenhouse gas emissions affect financial performance? – an empirical examination of Australian public firms (2013)
Journal Article
Wang, L., Li, S., & Gao, S. S. (2013). Do greenhouse gas emissions affect financial performance? – an empirical examination of Australian public firms. Business Strategy and the Environment, https://doi.org/10.1002/bse.1790

Previous studies that have attempted to relate corporate environmental performance to financial performance have generated conflicting results. This paper presents the findings of a study on the relationship between greenhouse gas (GHG) emissions and... Read More about Do greenhouse gas emissions affect financial performance? – an empirical examination of Australian public firms.

Credit Risk Management in Rural Commercial Banks in China (2013)
Thesis
Wang, Y. Credit Risk Management in Rural Commercial Banks in China. (Thesis). Edinburgh Napier University. http://researchrepository.napier.ac.uk/id/eprint/6659

Credit risk is one of the most general risks that exist in the financial market and a major risk faced by financial institutions. Credit risk management (CRM) is to identify, measure, monitor, and control risk arising from the possibility of default... Read More about Credit Risk Management in Rural Commercial Banks in China.

Markowitz efficiency and size effect: evidence from the UK stock market (2013)
Journal Article
Hwang, T., Gao, S. S., & Owen, H. (2013). Markowitz efficiency and size effect: evidence from the UK stock market. Review of Quantitative Finance and Accounting, https://doi.org/10.1007/s11156-013-0390-8

Academics and practitioners have frequently debated the relationship between market capitalization and expected return. We apply the Markowitz efficient frontier approach to develop a portfolio performance measure that compares the return of a portfo... Read More about Markowitz efficiency and size effect: evidence from the UK stock market.

Pensions in Scotland and UK. (2013)
Newspaper / Magazine
Holmes, R. (2013). Pensions in Scotland and UK

Why Scotland can afford its pension provision.

Dividend tunneling and joint expropriation: empirical evidence from China's capital market (2012)
Journal Article
Lv, H., Li, W., & Gao, S. S. (2012). Dividend tunneling and joint expropriation: empirical evidence from China's capital market. European Journal of Finance, 18, 369-394. https://doi.org/10.1080/1351847X.2011.579741

This paper examines the association between cash dividends and the shareholders balancing mechanism (SBM) using the exogeneity and endogeneity assumptions of corporate ownership structure. This paper identifies, in the case of China, whether paying c... Read More about Dividend tunneling and joint expropriation: empirical evidence from China's capital market.

A two-pass model study of the CAPM: evidence from the UK stock market. (2012)
Journal Article
Hwang, T., Gao, S. S., & Owen, H. (2012). A two-pass model study of the CAPM: evidence from the UK stock market. Studies in economics and finance, 29, 89-104. https://doi.org/10.1108/10867371211229118

Purpose – There has been considerable debate on the linear relationship between systematic risk and return. The purpose of this study is to investigate whether security return can be explained by systematic risk.

Design/methodology/approach – Thi... Read More about A two-pass model study of the CAPM: evidence from the UK stock market..

A Study of Shanghai and Hong Kong as International financial centres - a review of their developments and attributable factors (2012)
Thesis
Wong, Y. C. A. A Study of Shanghai and Hong Kong as International financial centres - a review of their developments and attributable factors. (Thesis). Edinburgh Napier University. http://researchrepository.napier.ac.uk/id/eprint/5688

The development of an international financial centre has long been an interesting topic to economists, researchers and policy makers. Understanding the development process and the critical success factors helps much in formulating the suitable strat... Read More about A Study of Shanghai and Hong Kong as International financial centres - a review of their developments and attributable factors.

Performance Management of suppliers of outsourcing projects in the Financial Services Industry. (2012)
Presentation / Conference Contribution
MacKerron, G., Kumar, M., & Benedikt, A. (2012, July). Performance Management of suppliers of outsourcing projects in the Financial Services Industry. Paper presented at 4th World P&OM Conference and 19th International EurOMA Conference

This study investigates the characteristics of an effective performance management framework for outsourcing projects in a UK-based financial services organisation and how this can contribute to the sustainable success of its outsourcing project arra... Read More about Performance Management of suppliers of outsourcing projects in the Financial Services Industry..

The usefulness of derivative disclosures by Chinese listed companies (2012)
Thesis
Huang, H. Z. The usefulness of derivative disclosures by Chinese listed companies. (Thesis). Edinburgh Napier University. http://researchrepository.napier.ac.uk/id/eprint/6656

While the world has witnessed the growing use of derivative instruments and rapid expansion of derivatives markets over the past two decades, the extensive use of derivatives in developed markets, particularly of mortgage-related derivative products... Read More about The usefulness of derivative disclosures by Chinese listed companies.

Fraudulent Financial Reporting: Corporate Behavior of Chinese Listed Companies (2011)
Book Chapter
Zhu, J., & Gao, S. S. (2011). Fraudulent Financial Reporting: Corporate Behavior of Chinese Listed Companies. In Research in Accounting in Emerging Economies; Accounting in Asia (61-82). Emerald. https://doi.org/10.1108/s1479-3563%282011%290000011008

Purpose – This study investigates the nature, types, and methods of fraudulent financial reporting committed by Chinese listed companies with a view to understanding corporate behavior relating to management fraud in China. Such an understanding is i... Read More about Fraudulent Financial Reporting: Corporate Behavior of Chinese Listed Companies.

Banks, bailouts and bonuses: a personal account of working in Halifax Bank of Scotland during the financial crisis (2010)
Journal Article
Ellis, V., & Taylor, M. (2010). Banks, bailouts and bonuses: a personal account of working in Halifax Bank of Scotland during the financial crisis. Work, Employment and Society, 24(4), 803-812. https://doi.org/10.1177/0950017010380649

This article presents a first hand account of the financial crisis by ‘Margaret Taylor’, a union activist within HBOS. Overviewing more than twenty years’ experience in the sector, Margaret highlights three types of change under way since the 1990s t... Read More about Banks, bailouts and bonuses: a personal account of working in Halifax Bank of Scotland during the financial crisis.

A century of research on property cycles – a review of research on major and auxiliary business cycles. (2010)
Presentation / Conference Contribution
Jadevicius, A., Sloan, B., & Brown, A. (2010, September). A century of research on property cycles – a review of research on major and auxiliary business cycles. Paper presented at XI BSV International Conference on Valuation and Investment,

The existence of cycles within economy and its sub-sectors has been studied for a number of years. The importance of cycles has grown to have significant importance in the major capitalistic countries, seeing cycles as having a negative impact on the... Read More about A century of research on property cycles – a review of research on major and auxiliary business cycles..

A century of research on property cycles – a literature review and annotated bibliography. (2010)
Presentation / Conference Contribution
Jadevicius, A., Sloan, B., & Brown, A. (2010, September). A century of research on property cycles – a literature review and annotated bibliography. Presented at XI BSV International Conference on Valuation and Investment

The existence of cycles in the general business sector, as well as in building and property has grown to have significant importance in the UK, whereas the UK property market has been characterised by boom and bust cycles with a negative impact on th... Read More about A century of research on property cycles – a literature review and annotated bibliography..

An analysis of China's derivatives market and accounting for derivatives (2009)
Book Chapter
Huang, H., & Gao, S. (2009). An analysis of China's derivatives market and accounting for derivatives. In Financial Sector Reform and the International Integration of China (134-148). Routledge

An analysis of China's derivatives market and accounting for derivatives.

Does the UK Local Finance Improvement Trust (LIFT) initiative improve risk management in public-private procurement? (2008)
Journal Article
Fitzsimmons, D., Brown, S., & Beck, M. (2008). Does the UK Local Finance Improvement Trust (LIFT) initiative improve risk management in public-private procurement?. Journal of risk and governance, 1, 137-156

The UK government introduced the Private Finance Initiative (PFI) and, latterly, the Local Improvement Finance Trust (LIFT) in an attempt to improve public service provision. As a variant of PFI, LIFT seeks to create a framework for the effective pro... Read More about Does the UK Local Finance Improvement Trust (LIFT) initiative improve risk management in public-private procurement?.