Cardiff Sustainable Finance Research Group

Publications

• Agoraki, M. K., Giaka, M., Konstantios, D. and Patsika, V. 2023. Firms' sustainability, financial performance, and regulatory dynamics: Evidence from European firms. Journal of International Money and Finance 131, 102785.
• Alolo, M., Azevedo, A. and El Kalak, I. 2020. The effect of the feed-in-system policy on renewable energy investments: evidence from the EU countries. Energy Economics 92, 104998.
• Arfin, R., Peng, N., and Bowen, F. 2022. The Wealth Effect of Corporate Water Actions: How Past Corporate Responsibility and Irresponsibility Influence Stock Market Reactions Journal of Business Ethics 180, 105-124.
• Arikan, O., Reinecke, J., Spence, C., and Morrell, K. 2017. Signposts or Weathervanes? The Curious Case of Corporate Social Responsibility and Conflict Minerals. Journal of Business Ethics, 146(3), 469-484.
• Atkins, J. and Maroun, W. 2018. Integrated extinction accounting and accountability: building an ark. Accounting, Auditing & Accountability Journal, 31, 750-786. https://doi.org/10.1108/AAAJ-06-2017-2957
• Atkins, J., Maroun, W., Atkins, B.C. and Barone, E. 2018. From the Big Five to the Big Four? Exploring extinction accounting for the rhinoceros. Accounting, Auditing & Accountability Journal, 31, 674-702. https://doi.org/10.1108/AAAJ-12-2015-2320
• Austmann, L. M. and Vigne, S.A. 2021. Does environmental awareness fuel the electric vehicle market? A Twitter keyword analysis. Energy Economics 101, 105337
• Baeckström, Y., Marsh, I. W., and Silvester, J. 2021. Financial advice and gender: Wealthy individual investors in the UK. Journal of Corporate Finance. 71, 101882.
• Baeckström, Y., Silvester, J., and Pownall, R. A. J. 2018. Millionaire investors: financial advisors, attribution theory and gender differences: financial advisors, attribution theory and gender differences. European Journal Of Finance 24, 1333-1349.
• Chen, Y., Wei, Y., Bai, L., and Zhang, J. 2023. Can Green Economy stocks hedge natural gas market risk? Evidence during Russia-Ukraine conflict and other crisis periods. Finance Research Letters, 53, 103632.
• Del Gaudio, B.L.,  Previtali, D., Sampagnaro, G., Verdoliva, V. and Vigne, S.A. 2022. Syndicated green lending and lead bank performance. Journal of International Financial Management & Accounting 33 (3), 412-427
• Dongyang, Z. 2022. Green financial system regulation shock and greenwashing behaviors: Evidence from Chinese firms. Energy Economics. 111. 106064. 10.1016/j.eneco.2022.106064.
• Dongyang, Z. and Du, Pengcheng, D. 2020. How China’s Going Green Impacts on Corporate Performance. Journal of Cleaner Production. 258. 120604. 10.1016/j.jclepro.2020.120604.
• Dongyang, Z. and Qunxi, K. 2022. Green energy transition and sustainable development of energy firms: An assessment of renewable energy policy. Energy Economics. 111. 106060. 10.1016/j.eneco.2022.106060.
• Dowling, M., Cummins, M., Lucey, B.M. 2016. Psychological barriers in oil futures markets, Energy Economics, 53, 293 – 304.
• Farag, H. and Mallin, C.A (2018). The influence of CEO Demographic Characteristics on Corporate Risk -Taking: Evidence from Chinese IPOs,  European Journal of Finance, 24(16), 1528-1551.
• Farag, H., & Mallin, C. (2017). Board diversity and financial fragility: Evidence from European banks. International Review of Financial Analysis, 49, 98-112.
• Farag, H. and Mallin, C.A (2016). The Impact of the Dual Board Structure and Board Diversity: Evidence from Chinese Initial Public Offerings (IPOs), Journal of Business Ethics,  139, 333–349
• Farag, H., Qing, M., and Mallin, C.A. (2015). The Social, Environmental and Ethical Performance of Chinese Companies: Evidence from the Shanghai Stock Exchange, International Review of Financial Analysis, 42, 53–63.
• Farag, H., Mallin, C.A., and Ow-Yong, K., (2014), Corporate Social Responsibility and financial performance in Islamic banks, Journal of Economic Behavior & Organization, 103, 21-38
• Gounopoulos, D., Loukopoulos, G. and Loukopoulos, P. 2021. CEO Education and the Ability to Raise Capital. Corporate Governance: An International Review. 29,  67-99.
• Gounopoulos, D., Loukopoulos, G., Loukopoulos, P. and Wood, G. 2022. Corporate Political Activities and the SEC’s Oversight Role in the IPO Process. Journal of Management Studies https://doi.org/10.1111/joms.12892
• Gounopoulos, D., Mazouz, K. and Wood, G. 2021. The consequences of political donations for IPO premium and performance. Journal of Corporate Finance 67, 5, 101888.
• Guedhami, O., Knill, A., Megginson, W.L., and Senbet, L. 2022. The dark side of globalization: Evidence from the impact of COVID-19 on multinational companies. Journal of International Business Studies 53, 1603–1640. https://doi.org/10.1057/s41267-022-00540-8
• Harjoto, M. A., Hoepner, A., Andreas G. F., and Li, Q. 2021. Corporate social irresponsibility and portfolio performance: a cross-national study. Journal of International Financial Markets, Institutions and Money 70, 101274.
• Harjoto, M., Hoepner, A., and Li, Q. 2022. A stakeholder resource-based view of corporate social irresponsibility: Evidence from China. Journal of Business Research 144,  830-843.
• Hu, X., Lin, D. and Tosun, O. K. 2022. The effect of board independence on firm performance - new evidence from product market conditions. European Journal of Finance (10.1080/1351847X.2022.2049448)
• Jones, M.J. and Solomon, J.F. 2013. Problematising accounting for biodiversity. Accounting, Auditing & Accountability Journal, Vol. 26, 668-687. https://doi.org/10.1108/AAAJ-03-2013-1255
• Lotfi, M., Walker, H. and Rendon-Sanchez, J. 2021. Supply chains’ failure in workers’ rights with regards to the SDG compass: a doughnut theory perspective. Sustainability 13, article number: 12526.
• Lotfi, M., Akram, Y. and Jafari, S. 2018. The effect of emerging green market on green entrepreneurship and sustainable development in knowledge-based companies. Sustainability 10, article number: 2308.
• Lucey, B.M., Carron, B. 2011. The effect of gender on stock price reaction to the appointment of directors: The case of the FTSE 100, Applied Economics Letters, 18, (13), 1225-1229.
• Karim, S., Lucey, B.M., Naeem, M.A. and Vigne, S.A. 2023. The dark side of Bitcoin: do Emerging Asian Islamic markets help subdue the ethical risk? Emerging Markets Review 54, 100921.
• Maroun, W. and Atkins, J. 2018. The emancipatory potential of extinction accounting: Exploring current practice in integrated reports. Accounting Forum, 42:1, 102-118, DOI: 10.1016/j.accfor.2017.12.001
• Nguyen, D. . D., Hagendorff, J. and Eshraghi, A. 2018. Does a CEO's cultural heritage affect performance under competitive pressure?. Review of Financial Studies 31(1), pp. 97-141.
• Nguyen, D. D., Hagendorff, J. and Eshraghi, A. 2019. Misconduct in banking: Governance and the board of directors. In: Alexander, C. and Cumming, D. eds. Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation. Wiley
• Patsika, V. and Huang, C. 2023. Mandatory greenhouse gas emissions reporting and firm environmental litigation risk. Accounting Forum (10.1080/01559982.2022.2158519)
• Rhianon Edgley, C., Jones, M.J. and Solomon, J.F. 2010. Stakeholder inclusivity in social and environmental report assurance. Accounting, Auditing & Accountability Journal, 23, 532-557. https://doi.org/10.1108/09513571011041615
• Situ, H. and Tilt, C. 2018. Mandatory? Voluntary? A discussion of corporate environmental disclosure requirements in China. Social and Environmental Accountability Journal 38(2), pp. 131-144.
• Situ, H., Tilt, C. and Seet, P. 2020. The influence of the Chinese government's political ideology in the field of corporate environmental reporting. Accounting, Auditing and Accountability Journal 34(9), pp. 1-28.
• Solomon, J.F., Solomon, A., Joseph, N. L., Norton, S. 2013. Impression management, myth creation and fabrication in private social and environmental reporting: Insights from Erving Goffman. Accounting, Organizations and Society, 38, 195-213.
• Solomon, J.F., Solomon, A., Norton, S.D. and Joseph, N.L. 2011. Private climate change reporting: an emerging discourse of risk and opportunity?. Accounting, Auditing & Accountability Journal, 24, 1119-1148. https://doi.org/10.1108/09513571111184788
• Tosun, O. K. 2017. Is corporate social responsibility sufficient enough to explain the investment by socially responsible funds?. Review of Quantitative Finance and Accounting 49, pp. 697-726.
• Tosun, O. K. 2021. Cyber-attacks and stock market activity. International Review of Financial Analysis 76, article number: 101795.
• Tosun, O. K., El Kalak, I. and Hudson, R. 2022. How female directors help firms to attain optimal cash holdings. International Review of Financial Analysis 80, pp. 1-20., article number: 102034.
• Tosun, O. and Eshraghi, A. 2022. Corporate decisions in times of war: Evidence from the Russia-Ukraine Conflict. Finance Research Letters 48, article number: 102920.
• Tosun, O. K., Eshraghi, A. and Muradoglu, G. 2021. Staring death in the face: the financial impact of corporate exposure to prior disasters. British Journal of Management 32(4), pp. 1284-1301.
• Tosun, O. K. and Senbet, L. W. 2020. Does internal board monitoring affect debt maturity?. Review of Quantitative Finance and Accounting 54(1), 205-245.
• Wang, Y., Lucey, B., Vigne, S.A. and Yarovaya, L. 2022. An index of cryptocurrency environmental attention (ICEA). China Finance Review International, 12, 378-414. https://doi.org/10.1108/CFRI-09-2021-0191
• Wang, Y, Farag, H, and Ahmad, W (2021). Corporate Culture and Innovation: A Tale from an Emerging Market, British Journal of Management, 32, 1121-1140.
• Wei, Y., Nan, H. and Wei, G. 2020. The impact of employee welfare on innovation performance: Evidence from China's manufacturing corporations. International Journal of Production Economics, 228, 107753.
• Wen, X., Guo, Y., Wei, Y., and Huang, D. 2014. How do the stock prices of new energy and fossil fuel companies correlate? Evidence from China. Energy Economics, 41, 63-75.
• Zhang, D. and Vigne, S.A. 2021. The causal effect on firm performance of China's financing–pollution emission reduction policy: Firm-level evidence, Journal of Environmental Management 279, 111609.
• Zhang, D., Zhang, Z., Ji, Q., Lucey, B. and Liu, J. 2021. Board characteristics, external governance and the use of renewable energy: International evidence, Journal of International Financial Markets, Institutions and Money, p101317
• Zhu, D., Hodgkinson, L. and Wang, Q. 2021. Interaction and decomposition of gender difference in financial risk perception. Journal of Behavioral and Experimental Finance 30, 100464.