{"id":5,"date":"2013-05-10T16:31:11","date_gmt":"2013-05-10T16:31:11","guid":{"rendered":"https:\/\/dennisphilip.com\/?page_id=5"},"modified":"2025-12-09T10:09:34","modified_gmt":"2025-12-09T10:09:34","slug":"research","status":"publish","type":"page","link":"https:\/\/dennisphilip.com\/?page_id=5","title":{"rendered":"Research"},"content":{"rendered":"

RESEARCH INTERESTS<\/strong><\/p>\n

banking, household finance, corporate finance, asset pricing, options and derivatives<\/p>\n

WORKING PAPERS \/ REPORTS<\/strong><\/p>\n

\u2022 \u201cEarly Roots of Inequality: Evidence of a Gender Income Gap Among Children<\/a>\u201d, with C. Engels, R. Howard and M. Lukas.<\/p>\n

\u2022 \u201cWhen Prejudice Hits Home: Hate Crime and the Market for Mortgage Credit<\/a>\u201d, with C. Engels, I. Hasan and S. Hong; Best Paper Award<\/strong> in Memory of Phil Molyneux, FINEST Autumn Workshop<\/em>.<\/p>\n

\u2022 \u201cUnaware of Being Unaware and Financial Non-Participation<\/a>\u201d, with A. Banerjee and K. Kumar.<\/p>\n

\u2022 \u201cThe Cost of Privacy Failures: Evidence from Bank Depositors\u2019 Reactions to Breaches<\/a>\u201d, with C. Engels and B. Francis.<\/p>\n

\u2022 \u201cThe Power of a Financially Literate Woman in Intra-Household Decision-Making<\/a>\u201d, with A. Banerjee, I. Hasan and K. Kumar. NSE-NYU Stern Initiative on the Study of Indian Capital Markets Working Paper; <\/em>Financial Literacy Research Award<\/strong>, Asia Pacific Financial Education Institute, 2019.<\/em><\/p>\n

\u2022 Natural Language Processing (NLP) Project: The OCAI Textual Measure of Organizational Culture, with P. Andreou, T. Harris and W. Zhang. [Construct Validation Documentation<\/a>] [DATA, coming soon]<\/p>\n

\u2022 \u201cThe EPIC framework for financial literacy teaching<\/a>\u201d (2025)\u00a0 [Research report, funded by the ‘Smart and Smale’ grant programme]<\/p>\n

RESEARCH ARTICLES<\/strong><\/p>\n

\u2022 \u201cShared occupancy and property tax arrears<\/a>\u201d, with W. Anim-Odame, P. A. Brenni and D. Damianov (2025) Real Estate Economics <\/em>53(2), 352-390 [SSRN<\/a>]<\/p>\n

\u2022 \u201cTechnology rhetoric and institutional ownership<\/a>\u201d, with P. Andreou, K. Drivas and G. Wood (2025) Cambridge Journal of Economics <\/em>49(1), \u00a067\u201393 [SSRN<\/a>]<\/p>\n

\u2022 \u201cWhen it rains it drains: Psychological distress and household net worth<\/a>\u201d, with A. Balloch and C. Engels (2022) Journal of Banking and Finance <\/em>143, 106620 [SSRN<\/a>]<\/p>\n

\u2022 \u201cForward guidance and corporate lending<\/a>\u201d, with M. Delis, S. Hong and N. Paltalidis (2022) Review of Finance<\/em> 26, 899\u2013935. [SSRN<\/a>]<\/p>\n

\u2022 \u201cInstitutional ownership and firms\u2019 thrust to compete<\/a>\u201d, with P. Andreou, F. Fiordelisi and T. Harris (2022) British Journal of Management<\/em> 33, 1346-1370. [SSRN<\/a>]<\/p>\n

\u2022 \u201cMultifactor models and their consistency with the APT<\/a>\u201d, with I. Cooper, L. Ma and P. Maio (2021) The Review of Asset Pricing Studies <\/em>11, 402-444. [SSRN<\/a>]<\/p>\n

\u2022 \u201cDispersion in options investors\u2019 versus analysts\u2019 expectations: predictive inference for stock returns<\/a>\u201d with P. Andreou, A. Kagkadis and P. Maio (2021) Critical Finance<\/em> Review 10, 65-81. [SSRN<\/a>] [Online Appendix<\/a>] [Data<\/a>] [Codes<\/a>]<\/p>\n

\u2022 \u201cMeasuring firms\u2019 market orientation using textual analysis of 10-K filings<\/a>\u201d, with P. Andreou, and T. Harris (2020) British Journal of Management<\/em> 31, 872-895. [SSRN<\/a>]<\/p>\n

\u2022 \u201cFinancial literacy and fraud detection<\/a>\u201d with C. Engels and K. Kumar (2020) The European Journal of Finance <\/em>26, \u00a0420-442. [SSRN<\/a>]<\/p>\n

\u2022 \u201cThe information content of forward moments<\/a>\u201d with P. Andreou, A. Kagkadis and A. Taamouti (2019) Journal of Banking and Finance<\/em> 106, 527-541. [SSRN<\/a>] [Online Appendix<\/a>] [Data<\/a>]<\/p>\n

\u2022 \u201cCEO duality, agency costs and internal capital allocations<\/a>\u201d with N. Aktas, P. Andreou and I. Karasamani (2019) British Journal of Management<\/em> 30, 473-493. [SSRN<\/a>] [Harvard Law School Forum on Corporate Governance<\/a>]<\/p>\n

\u2022 \u201cDifferences in option investors\u2019 expectations and the cross-section of stock returns<\/a>\u201d with P. Andreou, A. Kagkadis and R. Tuneshev (2018) Journal of Banking and Finance<\/em> 94, 315-336. [SSRN<\/a>] [Online Appendix<\/a>] [Data<\/a>]<\/p>\n

\u2022 \u201cEconomic activity and momentum profits: further evidence<\/a>\u201d with P. Maio (2018) Journal of Banking and Finance<\/em> 88, 466-482. [SSRN<\/a>] [Online Appendix<\/a>]<\/p>\n

\u2022 \u201cFinancial knowledge among university students and implications for personal debt and fraudulent investments<\/a>\u201d with P. Andreou (2018) Cyprus Economic Policy Review<\/em> 12, 3-23. (Policy journal) [SSRN<\/a>]<\/p>\n

\u2022 \u201cBank loan loss accounting treatments, credit cycles and crash risk<\/a>\u201d with P. Andreou, I. Cooper and C. Louca\u00a0(2017) British Accounting Review<\/em>\u00a049, 474-492. [SSRN<\/a>]<\/p>\n

\u2022 \u201cOptimal hedging in carbon emission markets using Markov regime switching models<\/a>\u201d with Y. Shi (2016) Journal of International Financial Markets, Institutions & Money <\/em>43, 1-15. [SSRN<\/a>]<\/p>\n

\u2022 \u201cBank liquidity creation and risk-taking: Does managerial ability matter?<\/a>\u201d with P. Andreou and P. Robejsek (2016) Journal of Business Finance and Accounting<\/em> 43, 226-259. [SSRN<\/a>]<\/p>\n

\u2022 \u201cStock market literacy, trust and participation<\/a>\u201d with A. Balloch and A. Nicolae (2015)\u00a0Review of Finance<\/em> 19, 1925-1963. [SSRN<\/a>] [RoF Virtual Issue<\/a>] [RoF Digest<\/a>]<\/p>\n

\u2022 \u201cMacro variables and the components of stock returns<\/a>\u201d with P. Maio (2015) Journal of Empirical Finance<\/em> 33, 287-308. [SSRN<\/a>]<\/p>\n

\u2022 \u201cImpact of allowance submissions in European carbon emission markets<\/a>\u201d\u00a0with Y. Shi (2015)\u00a0International Review of Financial Analysis<\/em> 40, 27-37. [SSRN<\/a>]<\/p>\n

\u2022 \u201cMedia content and stock returns: The predictive power of press<\/a>\u201d with N. Ferguson, M. Guo and H. Lam\u00a0(2015) Multinational Finance Journal<\/em> 19, 1-31. [SSRN<\/a>]<\/p>\n

\u2022 \u201cWhat drives the disappearing dividends phenomenon?<\/a>\u201d with J. Kuo and Q. Zhang (2013) Journal of Banking and Finance<\/em> 37, 3499-3514. [SSRN<\/a>]<\/p>\n

\u2022 \u201cShort-sale constraints and efficiency of the spot-futures dynamics<\/a>\u201d, with D. G. McMillan (2012) International Review of Financial Analysis <\/em>24, 129-136. [SSRN<\/a>]<\/p>\n

\u2022 \u201cModelling volatility and correlations in financial time series\u201d (2011) in Introductory Econometrics<\/em><\/a>, 2nd edition, ed. Seddighi, H. R.; London: Routledge, pp. 347-369.<\/p>\n\n\n

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RESEARCH INTERESTS banking, household finance, corporate finance, asset pricing, options and derivatives WORKING PAPERS \/ REPORTS \u2022 \u201cEarly Roots of Inequality: Evidence of a Gender Income Gap Among Children\u201d, with C. Engels, R. Howard and M. Lukas. \u2022 \u201cWhen Prejudice … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/dennisphilip.com\/index.php?rest_route=\/wp\/v2\/pages\/5","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dennisphilip.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dennisphilip.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dennisphilip.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dennisphilip.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5"}],"version-history":[{"count":10,"href":"https:\/\/dennisphilip.com\/index.php?rest_route=\/wp\/v2\/pages\/5\/revisions"}],"predecessor-version":[{"id":314,"href":"https:\/\/dennisphilip.com\/index.php?rest_route=\/wp\/v2\/pages\/5\/revisions\/314"}],"wp:attachment":[{"href":"https:\/\/dennisphilip.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}