The effects of non-trading on the illiquidity ratio (2015)
Journal Article
(2015). The effects of non-trading on the illiquidity ratio. Journal of Empirical Finance, 204 -228. https://doi.org/10.1016/j.jempfin.2015.05.004

Using a simulation analysis we show that non-trading can cause an overstatement of the observed illiquidity ratio. Our paper shows how this overstatement can be eliminated with a very simple adjustment to the Amihud illiquidity ratio. We find that th... Read More about The effects of non-trading on the illiquidity ratio.

A changing market for PFI financing: Evidence from the financiers (2015)
Journal Article
(2015). A changing market for PFI financing: Evidence from the financiers. Accounting forum, 187-200. https://doi.org/10.1016/j.accfor.2015.05.001

Responses to a questionnaire survey received from PFI financiers, and interviews with senior managers, show that as the credit crunch took hold banks became more risk averse. The prediction of Toms et al. that collusion between the state and the priv... Read More about A changing market for PFI financing: Evidence from the financiers.

Emerging Market Sovereign Credit Spreads: In-Sample and Out-of-Sample Predictability (2015)
Journal Article
Audzeyeva, A., & Fuertes, A. (2015). Emerging Market Sovereign Credit Spreads: In-Sample and Out-of-Sample Predictability. https://doi.org/10.2139/ssrn.2649216

This paper investigates the quarter-ahead predictability of Brazil, Mexico, Philippines and Turkey credit spreads for short and long maturity bonds during two separate periods preceding and following the Lehman Brothers' default. A model based on the... Read More about Emerging Market Sovereign Credit Spreads: In-Sample and Out-of-Sample Predictability.

Manufacturing Management in Theory and Practice. (2015)
Book Chapter
(2015). Manufacturing Management in Theory and Practice. In Handbook of Manufacturing Industries in the World Economy (17 - 29). https://doi.org/10.4337/9781781003930

This book represents a major contribution to our thinking about modern manufacturing industries and is not just timely it is long overdue!

The effects of Code-Share agreements on the temporal profile of airline fares (2015)
Journal Article
(2015). The effects of Code-Share agreements on the temporal profile of airline fares. Transportation Research Part A: Policy and Practice, 42 -54. https://doi.org/10.1016/j.tra.2015.03.023

This paper aims at investigating how the pricing strategy of European airlines is affected by code-share agreements on international routes. Our data cover several routes linking the main UK airports to many European destinations and includes posted... Read More about The effects of Code-Share agreements on the temporal profile of airline fares.

How to get the most from a business intelligence application during the post implementation phase? Deep structure transformation at a UK retail bank (2015)
Journal Article
Audzeyeva. (2015). How to get the most from a business intelligence application during the post implementation phase? Deep structure transformation at a UK retail bank. European Journal of Information Systems, 29-46. https://doi.org/10.1057/ejis.2014.44

This paper focuses on the process of maximizing the benefits from a business intelligence (BI) application. A general theoretical framework of analysis is formulated based on previous research into organizational deep structure and inertia. Our frame... Read More about How to get the most from a business intelligence application during the post implementation phase? Deep structure transformation at a UK retail bank.