NAV inflation and impact on performance in China

Autor: Jiali Yan, Mark B. Shackleton, Yaqiong Yao

Publikováno v: European Financial Management. 26:118-142

Our study is among the first to examine the net asset value (NAV) inflation practices of fund managers in China, finding that equity funds bolster their portfolios at quarter-end and especially year-end. In support of the NAV inflation hypothesis in

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::484d0a6ddb6e55ce5af67b16fa58726d
https://doi.org/10.1111/eufm.12207

What drives a firm's ES performance? Evidence from stock returns

Autor: Mark B. Shackleton, Jiali Yan, Yaqiong Yao

Publikováno v: Journal of Banking and Finance Forthcoming

This study empirically explores the dynamic relation between the environmental and social (ES) performance of a firm and its stock market returns. We find robust evidence that worse stock market performance increases firms’ efforts on ES activities

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::53b5c64cfc47f115b009094478f9c5d1
https://doi.org/10.1016/j.jbankfin.2021.106304

Buyback behaviour and the option funding hypothesis

Autor: Mark B. Shackleton, Rohit Sonika

Publikováno v: Journal of Banking & Finance. 114:105800

We study how stock option grants are funded through share repurchases under conditions of option exercisability and moneyness. Using daily repurchase disclosures by U.K. firms, we corroborate our hypothesis that driven by flexibility, firms repurchas

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::80d6f5ac64ba79e8928286d07e90baca
https://doi.org/10.1016/j.jbankfin.2020.105800

Continuous Workout Mortgages: Efficient Pricing and Systemic Implications

Autor: Mark B. Shackleton, M. Shahid Ebrahim, Robert J. Shiller, Rafal M. Wojakowski

Publikováno v: BASE-Bielefeld Academic Search Engine
Journal of economic behavior & organization, 2017, Vol.157, pp.244-274 [Peer Reviewed Journal]

This paper studies the Continuous Workout Mortgage (CWM), a two in one product: a fixed rate home loan coupled with negative equity insurance, to advocate its viability in mitigating financial fragility. In order to tackle the many issues that CWMs e

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::993841b6291f05bbb86d03ee260384b1
https://surrey.eprints-hosting.org/845452/

Continuous Workout Mortgages: Efficient Pricing and Systemic Implications

Autor: Muhammed Shahid Ebrahim, Rafal M. Wojakowski, Robert J. Shiller, Mark B. Shackleton

Publikováno v: SSRN Electronic Journal.

This paper studies the Continuous Workout Mortgage (CWM), a two in one product: a fixed rate home loan coupled with negative equity insurance, to advocate its viability in mitigating financial fragility. In order to tackle the many issues that CWMs e

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::7db2382a5990e958149e74f384374bb6
https://doi.org/10.2139/ssrn.3090552