Working paper series

The CRBF Working Paper Series is provided by the Centre for Responsible Banking and Finance (CRBF) of the University of St Andrews Business School as part of its engagement and dissemination strategy. The aim of the series is to stimulate discussion and contribute to the advancement of knowledge in the areas covered in the research agenda of the CRBF.

All working papers in the series have been approved by a group member to ensure an appropriate quality. Find the full catalogue of the series below.

For additional information, please contact:
Series Editor Linh H Nguyen at [email protected].

First Quarter \| 2025
25-001	Hans Degryse, Olivier De Jonghe, Leonardo Gambacorta, and Cédric Huylebroek	Bank Specialization and Corporate Innovation
25-002	Mehmet Selman Çolak, Yavuz Kılıç, Yusuf Yıldırım, and Muhammed Hasan Yılmaz	The Effect of Personal Credit Card Limits on Card Use: Micro Data Evidence from An Emerging Market
25-003	Alfred Duncan, João Pedro De Camargo Mainente, and Charles Nolan	Monetary and Financial Policy with Privately Optimal Risk Taking
25-004	Pejman Abedifar, Soroush Kamyab, Steven Ongena, and Amine Tarazi	Relationship Banking: The Borrower’s Incentives Channel

Fourth Quarter \| 2024
24-025	Christian Bittner, Falko Fecht, Melissa Pala, and Farzad Saidi	Strategic Communication among Banks
24-026	Amanda Rae Heitz and John Kandrac	Heterogeneous Competition in Banking: Evidence from Multiple Loan and Deposit Products
24-027	Kulnicha Meechaiyo	Cash is King or Trash? The Review of Political Uncertainty and Corporate Behaviour
24-028	Thomas Krause, Eleonora Sfrappini, Lena Tonzer, and Cristina Zgherea	How Do EU Banks' Funding Costs Respond to the CRD IV? An Assessment Based on the Banking Union Directives Database
24-029	Anna L. Sobiech, Lechedzani Kgari, Linh Nguyen, and John O.S. Wilson	Implicit Guarantees and Cross-Border Bank Stability: Evidence from Geographic Ringfencing
24-030	Dimitris K. Chronopoulos, John O.S. Wilson, and Muhammed H. Yilmaz	State Ownership and Bank Lending: Evidence from Turkish Banking
Third Quarter \| 2024
24-017	Douglas Cumming, Yuan Li, and Yimeng Yu	Stock Market Manipulation and Corporate Venture Capital Investments
24-018	Douglas Cumming, Armin Schwienbacher, and Yelin Zhang	The Performance Puzzle in Venture Capital and Private Equity Style Drifts
24-019	Vu Quang Trinh, Hai Hong Trinh, Tam Huy Nguyen, and Giang Phung	Eco-innovation and Corporate Cost of Debt: A Cross-Country Evidence
24-020	Melina Ludolph, Lena Tonzer, and Lars Brausewetter	Distributional Income Effects of Banking Regulation in Europe
24-021	Ray Charles 'Chuck' Howard, David J. Hardisty, Dale W. Griffin, and Chongbo 'Zack' Wang	Income prediction bias in the gig economy
24-022	Oliver Janke and Gregor Weiß	Green capital requirements, ESG rating uncertainty, and greenwashing
24-023	Oguzhan Cepni, Selçuk Gül, Abdullah Kazdal, and Muhammed Hasan Yılmaz	Energy Supply and Industrial Outcomes: A Quasi-Experimental Evidence from Recent Natural Gas Outage
24-024	Arito Ono, Kosuke Aoki, Shinichi Nishioka, Kohei Shintani, and Yosuke Yasui	Long-term Interest Rates and Bank Loan Supply: Evidence from Firm-bank Loan-level Data
Second Quarter \| 2024
24-007	Stefano Colonnello and Mariela Dal Borgo	Raising Household Leverage: Evidence from Co-Financed Mortgages
24-008	Sonny Biswas, Kostas Koufopoulos and Anjan Thakor	Can Information Imprecision Be Valuable? The Case Of Credit Ratings
24-009	Yuji Honjo, Arito Ono and Daisuke Tsuruta	The effect of physical collateral and personal guarantees on business startups
24-010	Parinitha (Pari) Sastry, David Marques-Ibanez and Emil Verner	Business as Usual: Bank Climate Commitments, Lending, and Engagement
24-011	Giuseppe Cappelletti, David Marques-Ibanez, Alessio Reghezza, and Carmelo Salleo	As Interest Rates Surge: From Funding to Lending
24-012	Lora Dimitrova and Margaret Fong	Executive Visibility in SPACs: A Worthwhile Investment or a Futile Pursuit?
24-013	Marta Degl’Innocentia, Marco Frigeriob, and Si Zhou	The Fear Factor: How Mafia Influences Firms’ Performance
24-014	Nodirbek Karimov, Alper Kara, Gareth Downing, and David Marques-Ibanez	The Impact of Regulatory Changes on Rating Shopping and Rating Catering Behaviour in the European Securitisation Market
24-015	Douglas Cumming, Shan Ji, and Monika Tarsalewska	Market Manipulation and ESG Incidents
24-016	Douglas J. Cumming, Sofia Johan, and Robert S. Reardon	Governance and Success in US Securities-Based Crowdfunding
First Quarter \| 2024
24-001	José M. Liñares-Zegarra, John O.S. Wilson	Access to Finance for UK Social Enterprises
24-002	Qiao Peng, Donal McKillop, Barry Quinn, Kailong Liu	Modelling and Predicting Failure in US Credit Unions
24-003	Panagiota Papadimitri and Ansgar Wohlschlegel	Informational Lobbying and Regulatory Enforcement: Theory and Application
24-004	Sapnoti K. Eswar, Michael F. Ferguson, Jayoung Yoon	The Second Mover Advantage: R&D and Absorptive Capacity
24-005	Pejman Abedifar, Hossein Doustali and Steven Ongena	Marketplace Lending: A Resilient Alternative in the Face of Natural Disasters?
24-006	Angela Gallo and Min Park	Financing Green Transition

Fourth Quarter \| 2023
23-016	Ivan Lim, Duc Duy Nguyen, Linh Nguyen, John O.S. Wilson	Proximity to Bank Headquarters and Branch Efficiency: Evidence from Mortgage Lending
23-017	Alfred Duncan, Charles Nolan	Adam Smith and the Bankers: Retrospect and Prospect
23-018	Ahmed Aboud, Niccolò Nirino, Giota Papadimitri	Tax avoidance and Sustainable Development Goal disclosure: A cross country analysis
23-019	Oğuzhan Çepni, Ahmet Şensoy, Muhammed Hasan Yılmaz	Climate Change Exposure and Cost of Equity
23-020	José M. Liñares-Zegarra, John O.S. Wilson	The Impact of Brexit on the Internationalisation, Innovation and Turnover of UK SMEs: Implications for the UK’s Industrial Strategy and the 'Levelling Up' Agenda
Third Quarter \| 2023
23-011	Kais Bouslah, Qian Li, Asma Mobarek	Board Gender Diversity and the Social Performance of Microfinance Institutions
23-012	Dimitris K. Chronopoulos, Linh Nguyen, Lemonia M. Rempoutsika, John O.S. Wilson	Deposit Insurance and Credit Union Earnings Opacity
23-013	Panayiotis C. Andreou, Neophytos Lambertides, Lenos Trigeorgis, Ruslan Tuneshev	Customer Orientation, Stock Resilience and Firm Performance During Adversity Periods
23-014	Isaac Swensen and Carly Urban	Literature Review on the Effect of Physical and Mental Health on Financial Well-Being
23-015	Jeremy Burke, J. Michael Collins, Carly Urban	Does State-mandated Financial Education Affect Financial Well-being?
Second Quarter \| 2023
23-006	Edoardo Lanciano, Daniele Previati, Ornella Ricci, F. Saverio Stentella Lopes	Gender Differences and Measurement Error in Financial Literacy
23-007	Vasiliki A. Tzora, Nikolaos D. Philippas, Georgios A. Panos	The Financial Capability of the Youth in Greece
23-008	Jonathan Brogaard, Nhan Le, Duc Duy Nguyen, Vathunyoo Sila	Does Shareholder Litigation Risk Cause Public Firms to Delist? Evidence from Securities Class Action Lawsuits
23-009	Jens Hagendorff, Duc Duy Nguyen, Vathunyoo Sila	Does Marriage Equality Promote Credit Access? Evidence from Same-sex Marriage Laws
23-010	José M. Liñares-Zegarra and John O.S. Wilson	Navigating Uncertainty: The Resilience of Third Sector Organisations and Socially- oriented SMEs during the COVID-19 Pandemic
First Quarter \| 2023
23-001	Thomas R. Berry-Stolzle, Philipp Scharner, Gregor Weiß	Insurers' Climate Change Risk Management Quality and Natural Disasters
23-002	Aleksandr Kazakov, Michael Koetter, Mirko Titze, Lena Tonzer	Firm Subsidies, Financial Intermediation, and Bank Stability
23-003	Neil M. Kellard, Yousef Makhlouf, Anna Sarkisyan, Dmitri V. Vinogradov	Women's empowerment and child mortality
23-004	Berat Bayram, Mustafa Çelik, Abdullah Kazdal, Yavuz Kılıç, Faruk Yücel Özcan, Muhammed Hasan Yılmaz	Capital Market Discipline and Bank Credit Risk: The Role of Bank Ownership Structure
23-005	Ross Brown and Augusto Rocha	Where Do You See Yourself in Four Years Time? Exploring the Workforce Landscape and Labour Market Dynamics within Entrepreneurial Ecosystems

Fourth Quarter \| 2022
22-012	Pejman Abedifar, Seyed Javad Kashizadeh, Steven Ongena	Flood, Farms and Credit: How Bank Ties Keep Farmers, Young and Female, above Water
22-013	Lora Dimitrova and Sapnoti K. Eswar	Capital Gains Tax, Venture Capital and Innovation in Start-ups
22-014	Caglayan Aslan, Erdem Bulut, Oguzhan Cepni, Muhammed Hasan Yilmaz	Does Climate Change Affect Bank Lending Behavior?
22-015	Thomas Gehrig, Maria Chiara Iannino, Stephan Unger	Social Responsibility and Bank Resiliency
22-016	Elena Beccalli, Ludovico Rossi, Andrea Viola	Network vs Integrated Organisational Structure of Cooperative Banks: Evidence on the Italian Reform
22-017	José M. Liñares-Zegarra and John O.S. Wilson	Gender, Ethnicity, and Access to Finance: Evidence for UK Social Enterprises
22-018	Dimitris Andriosopoulos, Pawel Czarnowski, Andrew Marshall	Does Green Innovation Increase Shareholder Wealth?
22-019	Chrysovalantis Gaganis, Panagiota Papadimitri, Fotios Pasiouras, Menelaos Tasiou	Cultural Diversity in New Venture Founding Teams: Does It Matter for Accelerators' Selection Decisions?
22-020	Ivan Lim, Duc Duy Nguyen, Linh Nguyen	Regulatory Spillovers in Local Mortgage Markets
Third Quarter \| 2022
22-008	Dimitris K. Chronopoulos, Edie Erman Che Johari, Anna L. Sobiech, John O.S. Wilson	Payouts and Future Bank Profitability: The Role of Capital Distribution Plans
22-009	Diana Bonfim, Cláudia Custódio, Clara Raposo	Supporting small firms through recessions and recoveries
22-010	José M. Liñares-Zegarra and John O.S. Wilson	SMEs as Social Enterprises: Regional Disparities, Access to Finance, Strategic Intentions, and the COVID-19 Pandemic
22-011	Dimitris K. Chronopoulos, John O.S. Wilson, Muhammed H. Yilmaz	Stakeholder Orientation and Bank Payout Policy: Evidence from US Constituency Statutes
Second Quarter \| 2022
22-003	Dimitris Andriosopoulos and Sheikh Tanzila Deepty	ESG reputation and Risk-Shifting Incentives
22-004	Adnan Balloch, Christian Engels, Dennis Philip	When It Rains It Drains: Psychological Distress and Household Net Worth
22-005	Dimitris K. Chronopoulos, John O.S. Wilson, Muhammed H. Yilmaz	Regulatory Oversight and Bank Risk
22-006	Ozlem Akin and S. Mehmet Ozsoy	Political Liquidity Creation: Electoral Cycles and State-Owned Banks
22-007	Foly Ananou, Dimitris Chronopoulos, Amine Tarazi, John O.S. Wilson	Liquidity Regulation and Bank Risk
First Quarter \| 2022
22-001	Jun Duanmua, Hong Liu, Garrett A. McBrayer, Tuyet Nhung Vu	Bank Holding Company Credit Rating Upgrade and Subsidiary Bank Mortgage Lending
22-002	Ross Brown, Suzanne Mawson, Augusto Rocha, Alex Rowe	Looking Inside the 'black box' of a Digital Fintech: An Ethnographically Informed Conceptualisation of Firm Scaling

Fourth Quarter \| 2021
21-013	Simon Fritzsch, Maike Timphus, Gregor Weiß	Marginals versus Copulas: Which Account for More Model Risk in Multivariate Risk Forecasting?
21-014	Giovanni Cerulli, Franco Fiordelisi, David Marques-Ibanez	The Burden of Bank Supervision
21-015	Dimitris K. Chronopoulos, Lemonia M. Rempoutsika, John O.S. Wilson	Audit Committee Oversight and Bank Financial Reporting Quality
21-016	Duc Duy Nguyen, Steven Ongena, Shusen Qi, Vathunyoo Sila	Climate Change Risk and the Cost of Mortgage Credit
Third Quarter \| 2021
21-009	Alessio Reghezza, Yener Altunbas, David Marques-Ibanez, Costanza Rodriguez d'Acri, Martina Spaggiari	Do Banks Fuel Climate Change?
21-010	Hiep N. Luu, Linh H. Nguyen, John O.S. Wilson	Organizational Culture, Competition and Bank Loan Loss Provisions
21-011	Nhan Le, Duc Duy Nguyen, Vathunyoo Sila	Does Shareholder Litigation Affect the Corporate Information Environment?
21-012	Simon Fritzsch, Felix Irresberger, Gregor Weiß	Cross-Section of Option Returns and the Volatility Risk Premium
Second Quarter \| 2021
21-005	Marcel Lukas and Ray Charles "Chuck" Howard	The Influence of Budgets on Consumer Spending
21-006	Michael Koetter, Thomas Krause, Eleonora Sfrappini, Lena Tonzer	Completing the European Banking Union: Capital Cost Consequences for Credit Providers and Corporate Borrowers
21-007	Linh H. Nguyen, John O.S. Wilson, Tuan Q. Le, Hiep N. Luu, Vinh X. Vo, Tram-Anh Nguyen	Deposit Insurance and Credit Union Lending
21-008	Dolores Gutiérrez-Mora and Daniel Oto-Peralías	Gendered Cities: Studying Urban Gender Bias through Street Names
First Quarter \| 2021
21-001	I-Ju Chen, Iftekhar Hasan, Chih-Yung Lin, Tra Ngoc Vy Nguyen	Do Banks Value Borrowers' Environmental Record? Evidence from Financial Contracts
21-002	Manthos D. Delis, Iftekhar Hasan, Maria Iosifidi, Steven Ongena	Gender, Credit, and Firm Outcomes
21-003	Javier Gomez-Biscarri, Germán López-Espinosa, Andrés Mesa Toro	Drivers of Depositor Discipline in Credit Unions
21-004	Ross Brown and Marc Cowling	The Geographical Impact of the Covid-19 Crisis for Firms and Jobs: Evidence from the 100 Largest Cities and Towns of the UK

Fourth Quarter \| 2020
20-015	Javier Gomez Biscarri, Germán López-Espinosa, Andrés Mesa Toro	Remuneration as a Motivation of Earnings Management in Credit Unions
20-016	Iftekhar Hasan, Qing He, Haitian Lu	Social Capital, Trusting, and Trustworthiness: Evidence from Peer-to-peer Lending
20-017	Bill Francis, Iftekhar Hasan, Yinjie (Victor) Shen, Qiang Wu	Do Activist Hedge Funds Target Female CEOs? The Role of CEO Gender in Hedge Fund Activism
20-018	Angelos Kanas and Philip Molyneux	Systemic Risk and CO2 Emissions in the US
Third Quarter \| 2020
20-012	Dimitris K. Chronopoulos, Marcel Lukas, John O.S. Wilson	Consumer Spending Responses to the COVID-19 Pandemic: An Assessment of Great Britain
20-013	Ivan Lim and Duc Duy Nguyen	Hometown Lending
20-014	Ross Brown, Jose M. Liñares-Zegarra, John O.S. Wilson	Innovation and Borrower Discouragement in SMEs
Second Quarter \| 2020
20-006	Marc Cowling, Ross Brown, Neil Lee	The Geography of Business Angel Investments in the UK: Does Local Bias (Still) Matter?
20-007	Foly Ananou, Amine Tarazi, John O.S. Wilson	Liquidity Regulation and Bank Lending
20-008	Ross Brown and Augusto Rocha	Entrepreneurial Uncertainty during the Covid-19 Crisis: Mapping the Temporal Dynamics of Entrepreneurial Finance
20-009	Ross Brown, Ronald V. Kalafsky, Suzanne Mawson, Lori Davis	Shocks, Uncertainty and Regional Resilience: The Case of Brexit and Scottish SMEs
20-010	Dimitris Andriosopoulos and Sheikh Tanzila Deepty	Can Social Capital and Reputation Mitigate Political and Industry-wide Risk?
First Quarter \| 2020
20-001	Mais Sha'ban, Claudia Girardone, Anna Sarkisyan	Cross-Country Variation in Financial Inclusion: A Global Perspective
20-002	Georgios A. Panos and Tatja Karkkainen	Financial Literacy and Attitudes to Cryptocurrencies
20-003	Ross Brown, Augusto Rocha, Suzanne Mawson	Capturing Conversations in Entrepreneurial Ecosystems
20-004	Dimitris K. Chronopoulos, Anna L. Sobiech, John O.S. Wilson	Social Capital and the Business Models of Financial Cooperatives: Evidence from Japanese Shinkin Banks
20-005	Donal McKillop, Declan French, Barry Quinn, Anna L. Sobiech, John O.S. Wilson	Cooperative Financial Institutions: A Review of the Literature

Fourth Quarter \| 2019
19-016	Christian Engels, Kamlesh Kumar, Dennis Philip	Financial Literacy and Fraud Detection
19-017	Santiago Carbó-Valverde, Pedro J. Cuadros-Solas, Francisco Rodríguez-Fernández	A machine learning approach to the digitalisation of bank customers: evidence from random and causal forests
19-018	Robert DeYoung, John Goddard, Donal G. McKillop, John O.S. Wilson	Who Consumes the Credit Union Tax Subsidy?
19-019	Dimitris K. Chronopoulos, George Dotsis, Nikolaos T. Milonas	International Evidence on the Determinants of Banks' Home Sovereign Bond Holdings
19-020	Ross Brown	Mission-Oriented or Mission Adrift? A Critique of Plans for a Mission-Oriented Scottish National Investment Bank
Third Quarter \| 2019
19-011	Hao Peng, Hong Liu, Yuxiang Jiang	Why Do Member Firms Hold More Cash When They Have Access to the Business Group's Finance Company? Empirical Evidence of Tunneling from China
19-012	Declan French, Donal McKillop, Elaine Stewart	The Effectiveness of Smart Phone Apps in Improving Financial Capability
19-013	J. Michael Collins and Carly Urban	Understanding Financial Well-being Over the Lifecourse: An Exploration of Measures
19-014	Tatiana Damjanovic, Vladislav Damjanovic, Charles Nolan	Default, Bailouts and the Vertical Structure of Financial Intermediaries
19-015	Franco Fiordelisi, Ornella Ricci, Francesco Saverio Stentella Lopes	Corporate Culture and Merger Success
Second Quarter \| 2019
19-006	Jens Hagendorff, Sonya S Lim, and Duc Duy (Louis) Nguyen	Trust and Bank Loan Contracts
19-007	Ettore Croci, Marta Degl’Innocenti, and Si Zhou	Supply Chain Relationships and Syndicate Loan Structure
19-008	Javier Gomez-Biscarri, Germán López-Espinosa, Andrés Mesa Toro	Cobbler, Stick to Thy Last: the Disciplining of Business Loans in Credit Unions
19-009	Abdelmajid Hmaittane, Mohamed Mnasri, Kais Bouslah, Bouchra M’Zali	The Impact of Lender Social Responsibility on the Link between Borrower Social Responsibility and the Cost of Bank Loans
19-010	Tatiana Damjanovic, Vladislav Damjanovic, Charles Nolan	Liquidity Risk, Credit Risk and the Money Multiplier
First Quarter \| 2019
19-001	Ross Brown and Suzanne Mawson	Entrepreneurial Ecosystems: A Critique of the Latest Industrial Policy Blockbuster
19-002	Yousef Makhlouf, Neil Kellard, and Dmitri Vinogradov	Finance-Inequality Nexus: the Long and the Short of It
19-003	Mushtaq Hussain Khan, Ahmad Fraz, Arshad Hassan, and Pejman Abedifar	Board Gender Diversity, Risk-taking and Performance: Evidence from Dual Banking Systems
19-004	Pejman Abedifar, Kais Bouslah, Shatha Qamhieh Hashem, and Liang Song	How Informative Are Stock Prices of Islamic Banks?
19-005	Pejman Abedifar, Ming Li, Dean Johnson, Liang Song	Accounting Regulations, Enforcement and Stock Price Crash Risk: Global Evidence in the Banking Industry

Fourth Quarter \| 2018
18-015	Daniel Oto-Peralías	Frontiers, Warfare and the Economic Geography of Countries: The Case of Spain
18-016	Ross Brown, Jose Liñares-Zegarra, and John O.S. Wilson	The (Potential) Impact of Brexit on UK SMEs: Regional Evidence and Public Policy Implications
18-017	Oleksandr Talavera, Shuxing Yin, and Mao Zhang	Tournament incentives, age diversity and firm performance: Evidence from China
18-018	Thomas Gehrig and Maria Chiara Iannino	Did the Basel Process of Capital Regulation Enhance the Resiliency of European Banks?
18-019	Barbara Casu, Filippo di Pietro, and Antonio Trujillo-Ponce	Liquidity Creation and Bank Capital
18-020	Stefano Colonnello, Michael Koetter, and Konstantin Wagner	Effectiveness and (In)Efficiencies of Compensation Regulation: Evidence from the EU Banker Bonus Cap
Third Quarter \| 2018
18-011	Duc Duy Nguyen, Linh Nguyen, and Vathunyoo Sila	Does Corporate Culture Affect Bank Risk-Taking? Evidence from Loan-Level Data
18-012	Dimitris K. Chronopoulos, Anna L. Sobiech, and John O.S. Wilson	The Australian Bank Levy: Do Shareholders Pay?
18-013	Neil Lee and Raffaella Calabrese	Does local bank structure influence access to finance? Evidence from online mapping
18-014	Solomon Y. Deku, Alper Kara, and David Marques-Ibanez	Do Reputable Issuers Provide Better-Quality Securitisations?
Second Quarter \| 2018
18-006	Alfred Duncan and Charles Nolan	Reform of the UK Financial Policy Committee
18-007	Thomas Conlon, John Cotter, and Philip Molyneux	Beyond Common Equity: The Influence of Secondary Capital on Bank Insolvency Risk
18-008	Yousef Makhlouf, Neil M. Kellard, and Dmitri Vinogradov	What Moves Commodity Terms-of-Trade? Evidence from 72 Countries
18-009	Ross Brown, Jose Liñares Zegarra, and John O.S. Wilson	What Happens if the Rules Change? The Impact of Brexit on the Future Strategic Intentions of UK SMEs
18-010	Solomon Y. Deku, Alper Kara, and David Marques-Ibanez	Trustee Reputation in Securitization: When Does It Matter?
First Quarter \| 2018
18-001	Sanjay Banerji, Dimitris K. Chronopoulos, Anna L. Sobiech and John O.S. Wilson	Taxation and Financial Intermediation: Evidence from a Quasi-Natural Experiment
18-002	Ross Brown	Is the St Andrews Bubble About to Burst? Assessing the Economic and Social Impact of Studentification and HMO Policy in a Small University Town
18-003	Neil Lee and Davide Luca	The big-city bias in access to finance: Evidence from firm perceptions in almost 100 countries
18-004	Dimitris K. Chronopoulos, Sotiris Kampanelis, Daniel Oto-Peralías, and John O.S. Wilson	Spreading civilisations: Ancient colonialism and economic development along the Mediterranean
18-005	F. Arnaboldi, B. Casu, E. Kalotychou, and A. Sarkisyan	The performance effects of board heterogeneity: What works for EU banks?

Fourth Quarter \| 2017
17-012	Rónán Gallagher and Barry Quinn	Regulatory Own Goals: The Unintended Consequences of Financial Regulation in Professional Football
17-013	Yaoyao Fan, Kose John, Frank Hong Liu and Luqyan Taman	The Financial and Social Performance of Islamic Microfinance Institutions: A Cross-Country Study
17-014	Arjan Trinks, Gbenga Ibikunle, Machiel Mulder, Bert Scholtens	Greenhouse Gas Emissions Intensity and the Cost of Capital
Third Quarter \| 2017
17-009	Pejman Abedifar, Paolo Giudici and Shatha Hashem	Heterogeneous market structure and systemic risk: evidence from dual banking systems
17-010	Ross Brown and Colin Mason	Looking inside the spiky bits: a critical review and conceptualisation of entrepreneurial ecosystems
17-011	Ahmed Marhfor, Kais Bouslah and Bouchra M'Zali	Corporate social responsibility and stock price informativeness: evidence from the Canadian market
Second Quarter \| 2017
17-005	Jose Liñares-Zegarra and John O.S. Wilson	Future issues in unsecured consumer debt
17-006	Ross Brown and Neil Lee	The future of funding for small and medium-sized enterprises in the UK
17-007	Dimitris Chronopoulos, Anna Lucia Sobiech, and John O. S. Wilson	Future issues in bank taxation
17-008	Alberto Montagnoli, Mirko Moro, Georgios A. Panos, and Robert E. Wright	Financial literacy and attitudes to redistribution
First Quarter \| 2017
17-001	Alberto Montagnoli, Mirko Moro, Georgios A. Panos, and Robert E. Wright	Financial literacy and political orientation in Great Britain
17-002	Moritz Wiesel, Kristian Ove R. Myrseth, and Bert Scholtens	Social preferences and socially responsible investing: a survey of US investors
17-003	Marika Carboni and Franco Fiordelisi	Endogenous political connections
17-004	Ross Brown, Jose Liñares-Zegarra, and John O.S. Wilson	Sticking it on plastic: the spatial dynamics of credit card finance in UK small and medium sized enterprises

Fourth Quarter \| 2016
16-012	Suzanne Mawson and Ross Brown	Mergers and acquisitions, open innovation and UK high growth SMEs
16-013	Daniel Oto-Peralías	What do street names tell us? The 'city-text' as socio-cultural data
Third Quarter \| 2016
16-009	Elena Beccalli, Laura Chiaramonte and Ettore Croci	Why do banks hold excess cash?
16-010	Chi-HSiou D. Hung, Yuxiang Jiang and Hong Liu	Competition or manipulation? an empirical evidence from natural experiments on the earnings persistence of US banks
16-011	Jimmy Chen and Bert Scholtens	Financial performance, costs, and active management of US socially responsible investment funds
Second Quarter \| 2016
16-006	Linh H. Nguyen and John O.S. Wilson	How does bank lending react to a catastrophic weather event? Evidence from the Indian Ocean tsunami
16-007	Ivan Lim, Jens Hagendorff and Seth Armitage	Regulatory connections and public subsidies: evidence from the banking industry
16-008	Rawley Z. Heimer, Kristian Ove R. Myrseth, and Raphael S. Schoenle	YOLO: Mortality beliefs and household finance puzzles
First Quarter \| 2016
16-001	Ross Brown, Suzanne Mawson and Alexander Rowe	Networking with the Crowd: Start-Ups, Networks and Equity Crowdfunding
16-002	Pejman Abedifar	The Doctrine of Riba in the Contemporary World: Is Islamic Finance the Answer?
16-003	Daniel Oto-Peralías and Diego Romero-Ávila	Historical Frontiers and the Rise of Inequality: The Case of the Frontier of Granada
16-004	Frank Hong Liu, Lars Norden and Fabrizio Spargoli	Why banks want to be complex
16-005	Dimitris K. Chronopoulos, David G. McMillan, Fotios I. Papadimitriou, Manouchehr Tavakoli	Insider trading and future stock returns in firms with concentrated ownership levels

Fourth Quarter \| 2015
15-010	Rym Ayadi, Sami Ben Naceur, Barbara Casu and Barry Quinn	Regulatory Compliance and Bank Performance
15-011	Neil Lee and Ross Brown	Thin Markets and Innovative SMEs: the Demand and Supply of Bank Funding in UK Peripheral Regions
15-012	John Forker, Barry Reilly and Anne Marie Ward	Does Board Gender Leadership Matter in Participatory Community Based Organisations?
15-013	Pejman Abedifar, Iftekhar Hasan, Amine Tarazi	Finance-Growth Nexus and Dual-Banking Systems: Relative Importance of Islamic Banks
Third Quarter \| 2015
15-006	Ross Brown and Suzanne Mawson	Targeted Support for High Growth Firms: Theoretical Constraints, Unintended Consequences and Future Policy Challenges
15-007	Declan French and Donal McKillop	The Impact of Household Overindebtedness on Physical and Mental Health
15-008	Pejman Abedifar, Shahid Ebrahim, Philip Molyneux and Amine Tarazi	Islamic Banking and Finance: Recent Empirical Literature and Directions for Future Research
15-009	Ross Brown, Suzanne Mawson, Alexander Rowe and Colin Mason	Harnessing the Crowd: The Demand-Side Dynamics of Equity Crowdfunding in Nascent Entrepreneurial Ventures
Second Quarter \| 2015
15-004	Dimitris K. Chronopoulos, Claudia Girardone and John C. Nankervis	Double Bootstrap Confidence Intervals in the Two-Stage DEA Approach
15-005	John K. Ashton and Robert S. Hudson	The Price, Quality and Distribution of Mortgage Payment Protection Insurance: A Hedonic Pricing Approach
First Quarter \| 2015
15-001	Ross Brown and Neil Lee	Credit Where It's Due? Access to Finance for High–Growth SMEs in the UK
15-002	Pejman Abedifar, Philip Molyneux and Amine Tarazi	Non-interest income activities and bank lending
15-003	Donal G. McKillop and John O.S. Wilson	Credit Where It's Due? Access to Finance for High–Growth SMEs in the UK

Fourth Quarter \| 2014
14-012	Declan French and Donal McKillop	Financial Literacy and Over-Indebtedness in Low-Income Households
14-013	Elena Beccalli, Saverio Bozzolan, Enrico Laghi and Marco Mattei	Qualitative Un-Verifiable Disclosures to Inform or Mislead: Insights from Insider Trading Activity
Third Quarter \| 2014
14-010	Philip Molyneux, Linh H. Nguyen, Xiaoxiang Zhang	Executive Compensation, Board Independence and Bank Efficiency in China: The Effects of the Financial Crisis
14-011	Walter Briec, Laurence Lasselle	On Farrell Technical Efficiencies in Simple Solow Models – A Luenberger-type Approach
Second Quarter \| 2014
14-004	Mohammed Amidu and John O.S. Wilson	Competition in African Banking: Do Globalization and Institutional Quality Matter?
14-005	Barbara Casu, Alessandra Ferrari, Claudia Girardone and John O.S. Wilson	Integration, Productivity and Technological Spillovers: Evidence for Eurozone Banking Industries
14-006	John Goddard, Hong Liu and John O.S. Wilson	Entry, Exit and Growth of US Commercial Banks
14-007	John K. Ashton and Andros Gregoriou	The Role of Implicit Costs and Product Quality in Determining the Customer Costs of Using Personal Current Accounts
14-008	Charles M. Kahn and José M. Liñares-Zegarra	Identity Theft and Consumer Payment Choice: Does Security Really Matter?
14-009	Maya Clayton, José Liñares-Zegarra and John O. S. Wilson	Can Debt Affect Your Health? Cross Country Evidence on the Debt-Health Nexus
First Quarter \| 2014
14-001	Duc Duy (Louis) Nguyen, Jens Hagendorff, and Arman Eshraghi	The Value of Executive Heterogeneity in Banking: Evidence from Appointment Announcements
14-002	Donal G. McKillop and John O.S. Wilson	Recent Developments in the Credit Union Movement
14-003	Santiago Carbó-Valverde, José Manuel Mansilla-Fernández and Francisco Rodríguez- Fernández	The Effects of Bank Market Power in Short-Term and Long-Term Firm Investment

Fourth Quarter \| 2013
13-010	Andreas G. F. Hoepner, Michael Rezec and Sebastian Siegl	Does pension funds' fiduciary duty prohibit the integration of environmental responsibility criteria in investment processes? A realistic prudent investment test
13-011	Choudhry Tanveer Shehzad and Bert Scholtens	The Impact of the Organization of Bank Supervision on Banks' Risk-Taking Behavior
Third Quarter \| 2013
13-009	Manouchehr Tavakoli, David McMillan and Phillip J. McKnight	The Credit Crunch and Insider Trading
Second Quarter \| 2013
13-005	Leonidas Barbopoulos and John O.S. Wilson	The Valuation Effects of Earnout in Mergers and Acquisitions of Financial Institutions
13-006	Solomon Y. Deku, Alper Kara and Philip Molyneux	Exclusion and Discrimination in the Market for Consumer Credit
13-007	Dimitris K. Chronopoulos, Hong Liu, Fiona J. McMillan and John O.S. Wilson	The Dynamics of US Bank Profitability
13-008	Robert D. J. Anderson, John K. Ashton, Robert S. Hudson	The Influence of Product Age on Pricing Decisions: An examination of bank deposit interest rate setting
First Quarter \| 2013
13-001	John Goddard, Donal McKillop and John O.S. Wilson	US Credit Unions: Survival, Consolidation and Growth
13-002	Ralf Barkemeyer, Frank Figge, Tobias Hahn, Andreas Hoepner, Andrea Liesen and Agnes L. Neher	Operationalizing Socially Responsible Investment: A Non-financial Fiduciary Duty Problem
13-003	José M. Liñares-Zegarra and Santiago Carbó-Valverde	Payment Card Interchange Fees: Assessing the Effectiveness of Antitrust Investigations and Regulation in Europe
13-004	Donal McKillop and Barry Quinn	Cooperative Traits of Technology Adoption: Website Adoption in Irish Credit Unions

Fourth Quarter \| 2012
12-001	José M. Liñares-Zegarra and John O.S. Wilson	Risk Based Pricing in the Credit Card Industry: Evidence from US Survey Data
12-002	Kais Bouslah, Lawrence Kryzanowski and Bouchra Mzali	Does Social Performance Affect the Risk of Financial Firms?
12-003	John Goddard, Donal McKillop and John O.S. Wilson	Regulatory Change and Capital Adjustment of Cooperative Financial Institutions
12-004	Gbenga Ibikunle, Andros Gregoriou, Andreas G. F. Hoepner and Mark Rhodes	Liquidity and Market efficiency: European Evidence from the World’s Largest Carbon Exchange