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Number of items: 29.
A Model of housing and credit cycles with imperfect market knowledge
The paper presents a model of housing and credit cycles featuring distorted beliefs and comovement and mutual reinforcement between house price expectations and price developments via credit expansion/contraction. Positive (negative) development in house prices fuels optimism (pessimism) and credit ...
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Author : Kuang, Pei
Date : 17 September 2014
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : Boom-Bust, Collateral Constraints, Learning, Leverage, Housing
Collection : Birmingham Business School Discussion Paper Series
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A Note on learning in a credit economy
This paper studies the interaction of agents' collateral price beliefs, credit constraint and aggregate economic activity over the business cycle. Learning strengthens the role of collateral constraints in aggregate fluctuations. Under heterogeneous learning rules, numerical simulations illustrate t...
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Author : Kuang, Pei
Date : 17 September 2014
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : Learning, Collateral Constraint, Bankruptcy, Heterogeneity
Collection : Birmingham Business School Discussion Paper Series
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Beyond the organisation and beyond the nation state .... and the employment relationship, same as it ever was? Global value chains and the challenges for Industrial Relations Research
Global value chain (GVC) analysis (e.g. Gereffi, 1994) has been developed to understand the potential for developing countries and companies to upgrade production processes and capture value. Theoretically pluralist, it provides a methodological framework for posing research questions about the nat...
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Author : Rainbird, Helen
Date : 13 March 2014
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : Global value chain analysis, labour regulation, public and private standards, Industrial Relations research
Collection : Birmingham Business School Discussion Paper Series
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Brand recognition and quality inferences
Could brands associated with mostly negative information-those with poor reputations-be perceived as superior to unrecognized brands? A reasonable consumer should value reputation; however, it is also sensible to put a heavyweight on brand recognition. To investigate this question, the authors stu...
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Author : Simonyan, Iveta
Date : 13 March 2014
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : inferences from memory, perceived brand quality, recognition, knowledge valence
Collection : Birmingham Business School Discussion Paper Series
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Bureaucrats or Politicians? Political Parties and Antidumping in the US
Antidumping (AD) is the most widely used contingent protection measure. In the United States, key decisions on AD are delegated to the International Trade Commission (ITC), an independent agency composed of six non-elected commissioners. Using a newly collected dataset, I study the determinants of a...
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Author : Aquilante, Tommaso
Date : 24 February 2016
Source : Discussion Paper. University of Birmingham, Birmingham UK.
Keywords : Antidumping Policy, Political Parties
Collection : Birmingham Business School Discussion Paper Series
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Business and financial cycles in the Eurozone: synchronization or decoupling
This paper proposes a novel approach, based on probit framework, towards measuring business cycle synchronization for 9 eurozone economies. We find strong cross-country synchronization in both business cycles and financial cycles. Moreover, financial synchronization dominates business cycle synchron...
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Author : Ahmed, Jameel and Chaudhry, Sajid M and Straetmans, Stefan
Date : 22 December 2015
Source : Discussion Paper. University of Birmingham, Birmingham, UK.
Collection : Birmingham Business School Discussion Paper Series
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Choice and wellbeing in informal care
‘Choice’ is increasingly pursued as a goal of social policy. However the degree to which choice is exercised when entering an informal care role is open to debate. In this study of UK carers, we examined whether caring was perceived as a free choice, and what the consequence of choice was for carers...
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Author : Al-Janabi, Hareth and Carmichael, Fiona and Oyebode, Jan
Date : 22 December 2015
Source : Discussion Paper. University of Birmingham, Birmingham, UK.
Keywords : choice; informal care; motivation; wellbeing; UK
Collection : Birmingham Business School Discussion Paper Series
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Decision Mode, Information and Network Attachment in the Internationalization of SMEs: A Configurational and Contingency Analysis
There has been limited attention to the internationalization of SMEs as a decision, and how the application of contrasting decision modes is associated with different information use and patterns of network attachment. This paper offers a new and systematic analysis of the likely associations betwee...
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Author : Child, John and Hsieh, Linda
Date : 09 August 2013
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : decision-making, information, SME knowledge domain, network attachment, internationalization.
Collection : Birmingham Business School Discussion Paper Series
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Demystifying cultural intermediaries: Who are they, what do they do and where can they be found in England?
The object of this paper is to reconceptualise cultural intermediaries and cultural intermediation in a way that may not only allow a coherent understanding of the various functions associated with these actors, but may also enable systematic empirical analyses of their effects on other cultural, so...
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Author : De Propris, Lisa and Mwaura, Samuel
Date : 09 August 2013
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : Cultural industries, cultural intermediation
Collection : Birmingham Business School Discussion Paper Series
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Does commonality in illiquidity matter to investors?
This paper investigates whether investors are compensated for taking on commonality risk in equity portfolios. A large literature documents the existence and the causes of commonality in illiquidity, but the implications for investors are less well understood. In a more than fifty year long sample o...
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Author : Anderson, Richard G and Binner, Jane M and Hagstromer, Bjorn and Nilsson, Birger
Date : 22 December 2015
Source : Discussion Paper. University of Birmingham, Birmingham, UK.
Collection : Birmingham Business School Discussion Paper Series
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Information asymmetry and the structure of loan syndicates
This study explores the impact of information asymmetry between lenders and borrowers on loan syndicate structure. Using a sample of 17,839 loans raised by 8,701 US firms between January 1986 and August 2007, we confirm existing evidence that lead arrangers form concentrated syndicates when borrower...
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Author : Chaudhry, Sajid and Kleimeier, Stefanie
Date : 05 June 2013
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : syndicated loans, syndicate structure, information asymmetry, reputation. JEL codes: D82, G21.
Collection : Birmingham Business School Discussion Paper Series
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Long-Run Growth Uncertainty
Observed macroeconomic forecasts display gradual recognition of the long-run growth of endogenous variables (e.g. output, output per hour) and a positive correlation between long-run growth expectations and cyclical activities. Existing business cycle models appear inconsistent with the evidence. Th...
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Author : Kuang, Pei and Mitra, Kaushik
Date : 11 March 2016
Source : Discussion Paper. University of Birmingham, Birmingham UK.
Keywords : Trend, Expectations, Business Cycle
Collection : Birmingham Business School Discussion Paper Series
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Manufacturing extremism: political consequences of profit-seeking media
We analyze the consequences of a monopolistic, non-partisan, profit-maximizing media on policy divergence. The media undertakes costly coverage that may reveal the quality of an office-seeking political challenger only if quality-conscious voters pay an access fee. Voters are ideologically homogenou...
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Author : Bandyopadhyay, Siddhartha and Chatterjee, Kalyan and Roy, Jaideep
Date : 22 December 2015
Source : Discussion Paper. University of Birmingham, Birmingham, UK.
Keywords : Unobserved quality, Political challenger, Demand for electoral news, Media coverage, Platform extremism
Collection : Birmingham Business School Discussion Paper Series
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Neuroscience and Reductionism: Some Realist Reflections
Organizational neuroscience (ON) is a rapidly emerging sub-field. Criticisms of its reductionism are common. Yet it is possible for practitioners and critics to engage. Such engagement is facilitated by realism. It agrees with the practitioners of ON that brain functions can in principle be measured...
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Author : Edwards, Paul
Date : 09 August 2013
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : Emergence, Neuroscience, Organizational neuroscience, Realism
Collection : Birmingham Business School Discussion Paper Series
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Queuing up for justice : elections and case backlogs
We analyze the impact of prosecutor elections on case backlogs. Previous evidence has shown that re-election pressures result in more cases going to trial. Since trials require time and resources, one can expect an effect on the queue. Two competing theories are developed: one of signaling quality ...
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Author : Bandyopadhyay, Siddhartha and McCannon, Bryan
Date : 16 September 2014
Source : Discussion Paper. University of Birmingham, University of Birmingham.
Keywords : case backlog, elections, prosecutor
Collection : Birmingham Business School Discussion Paper Series
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Revealing gaps in the project management literature: an application of multi-paradigm review to explanations of megaproject governance
A multi-paradigm literature review methodology, ‘interplay’, is applied to alternative explanations of megaproject governance and performance. A two-fold categorisation of explanations, functionalist and interpretivist, is employed. The key insight is that despite important differences in epistemolo...
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Author : Sanderson, Joseph
Date : 05 June 2013
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : multi-paradigm review; paradigm interplay; functionalism; interpretivism; megaprojects; governance
Collection : Birmingham Business School Discussion Paper Series
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Securitization and Aggregate Investment Efficiency
This paper studies the welfare properties of competitive equilibria in an economy with incomplete markets subject to idiosyncratic and aggregate shocks. We focus on the role of securitization, whereby borrowers can reduce idiosyncratic asset risk, which enables increased leverage and investment. In ...
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Author : Mirza, Afrasiab and Stephens, Eric
Date : 12 May 2016
Source : Discussion Paper. University of Birmingham, Birmingham UK.
Keywords : Securitization, pecuniary externalities, collateral constraints, financial frictions, macroprudential regulation, fire-sales, incomplete markets
Collection : Birmingham Business School Discussion Paper Series
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Solving models with jump discontinuities in policy functions
We show that the Value Function Iteration (VFI) algorithm has difficulties approximating models with jump discontinuities in policy functions. We find that VFI fails to accurately identify both the location and size of jump discontinuities while the Endogenous Grid Method (EGM) and the Finite Elemen...
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Author : Görtz, Christoph and Mirza, Afrasiab
Date : 09 May 2016
Source : Discussion Paper. University of Birmingham, Birmingham UK.
Keywords : Dynamic Equilibrium Economics, Non-Convex Capital Adjustment Costs, Computational Methods, Nonlinear Solution Methods, Euler equation errors
Collection : Birmingham Business School Discussion Paper Series
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Stairway to heaven or gateway to hell? A competing risk analysis of delistings from Hong Kong's Growth Enterprise Market
A competing risk hazard model is employed to examine the reasons for Hong Kong's Growth Enterprise (GEM) companies transferring to the Main Board (MB) in the period 2000-2012. In our sample during the period 21 companies or 15% of the original stock moved up to the MB. The modal life expectancy of...
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Author : Cressy, Robert and Farag, Hisham
Date : 13 March 2014
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : IPO, new listing, survival, delisting, GEM
Collection : Birmingham Business School Discussion Paper Series
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Tagger's delight? Disclosure and liking in Facebook: the effects of sharing photographs amongst multiple known social circles
The present work identifies the relationship between sharing photographs with different depictions in Facebook on relationship quality, which varies depending on the type of target sharing the photographs. With over 1 billion active users, disclosure on Facebook is frequent, considered a norm of onl...
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Author : Houghton, David and Joinson, Adam and Caldwell, Nigel and Marder, Ben
Date : 05 June 2013
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : Facebook, personal relationships, sharing behaviour
Collection : Birmingham Business School Discussion Paper Series
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Terraforming tech city: place branding and spatial imaginaries in inner East London
This paper performs a mixed-methods analysis of place-branding strategies developed in the ‘Tech City’ cluster initiative in Inner East London, drawing on ethnographic material, semi-structured interviews and visual content. Using Jessop’s concept of the spatial imaginary, we explore key foundation...
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Author : Nathan, Max and Vandore, Emma and Voss, Georgina
Date : 22 December 2015
Source : Discussion Paper. University of Birmingham, Birmingham, UK.
Keywords : cities, clusters, spatial imaginaries, place branding, economic development, urban governance
Collection : Birmingham Business School Discussion Paper Series
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The Role of Context in the Globalization of Chinese Firms
This paper argues that it is crucial to take account of both home and host country contexts in order adequately to understand their implications for Chinese enterprises investing into foreign countries. This calls for an analysis that is sensitive to both home and host country contexts, and that tak...
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Author : Child, John and Marinova, Svetla
Date : 09 August 2013
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : Adaptation, China, Context, Firm, Government, Home country, Host country, Institutional capital, OFDI, Resource capital
Collection : Birmingham Business School Discussion Paper Series
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The Sociology of Work: From Industrial Sociology to Work, Employment and the Economy
The paper reviews the progress of the sociology of work in Britain since 1945. It identifies two long-standing influences, Marxism and Weberian analysis, and a third more recent approach shaped by post-modernism. It disputes claims associated with the last, that the field suffers from fragmentation ...
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Author : Edwards, Paul
Date : 05 June 2013
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : economic sociology, sociology of work, work and employment
Collection : Birmingham Business School Discussion Paper Series
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The making of an innovative multinational firm: Chinese capability development through the acquisition of MG-Rover
This paper examines the transfer, replication and adaption of knowledge, assets and capabilities in MG Rover from the British workforce to the new Chinese owners and employees at Nanjing Automotive Corporation (NAC). The study explores the intra-organisational processes adopted to integrate knowledg...
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Author : Collinson, Simon
Date : 04 June 2013
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : take-overs, inter-organisational processes, knowledge flows
Collection : Birmingham Business School Discussion Paper Series
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Theory and Evidence on the Finance-Growth Relationship: The Virtuous and Unvirtuous Cycles
Since the 1980s, financial crises have tended to reoccur with increasing frequency and growing intensity. They are endogenously generated by the established OTD (Originate-To-Distribute) model within the new finance-growth paradigm. Good finance fosters the correct allocation of financial resources,...
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Author : Lauretta, Eliana and Chaudhry, Sajid M and Mullineux, Andrew W
Date : 10 May 2016
Source : Discussion Paper. University of Birmingham, Birmingham UK.
Keywords : Finance, Growth, Business Cycle, Financial Innovation, Regulatory Dialectic, Financial Power
Collection : Birmingham Business School Discussion Paper Series
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Towards a general theory of the stock market
Although there are many stock market anomalies which the Efficient Market Hypothesis (EMH) finds difficult to explain, it also has its strengths, and so far no alternative hypothesis has been developed which can explain what the EMH explains but which can also do a better job in explaining the pheno...
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Author : Fender, John
Date : 06 January 2016
Source : Discussion Paper. University of Birmingham, Birmingham, UK.
Keywords : efficient market hypothesis, rational expectations, bubbles, bear markets, short-selling constraints
Collection : Birmingham Business School Discussion Paper Series
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Why do companies delist voluntarily from the Stock Market?
We analyse the motives and market valuation of various forms of stock market delisting. We show that firms that delist voluntarily are likely to have come to the market to rebalance their leverage rather than to finance their growth opportunities. During their public life, their leverage remained ve...
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Author : Pour, Elinaz Kasefi and Lasfer, Meziane
Date : 05 June 2013
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : Small firms; AIM; London Stock Exchange; Leverage; Delisting; IPO; JEL classification: G14, G32
Collection : Birmingham Business School Discussion Paper Series
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Working for Ford Forty Years On
Huw Beynon’s Working for Ford achieved celebrity when published in 1973. An assessment 40 years later identifies the lasting value of the book. Though written from a clearly stated point of view, it did not present a biased account, and it included much information permitting alternative assessments...
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Author : Edwards, Paul
Date : 16 April 2014
Source : Discussion Paper. University of Birmingham, Birmingham.
Keywords : Beynon; car industry; Ford; social class; sociology of work; workplace industrial relations
Collection : Birmingham Business School Discussion Paper Series
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Workplace wellbeing programmes and their impact on employees and their employing organisations: a scoping review of the evidence base
This report constitutes a scoping literature review that identifies and critically examines the evidence base surrounding health and wellbeing programmes conducted in the workplace and their impact on employees and their employing organisations. The review drew on a broad range of sources covering m...
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Author : Carmichael, Fiona and Fenton, S-J and Pinilla Roncancio, M and Sadhra, S and Sing, M
Date : 07 January 2016
Source : Discussion Paper. University of Birmingham, Birmingham, UK.
Collection : Birmingham Business School Discussion Paper Series
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This list was generated on Tue May 30 01:47:10 2017 IST.