This study tests the connectionbetween corporate governance structures and firm value, incorporating financial distress as a mediating mechanism among construction companies listed in ASEAN markets. Utilizing a sample of 58 firms drawn from an initial population of 169 companies over the...

This paper challenges the widespread public and institutional misconception that legal tender laws in English law compel creditors to accept payment in a specific form. We argue that legal tender is a narrow, procedural artefact with diminishing practical relevance. Through an analysis of...

This study examines carbon taxation's impact on UK households' energy choices, focusing on socioeconomic factors and fuel substitution using household microdata in a Multinomial Logit (MNL) framework. Rural households, reliant on costly, carbon-intensive fuels like heating oil and LPG, are...

Long-term unemployment among older workers is particularly difficult to overcome. We study the impacts of a large-scale job guarantee program that offered up to two years of fully subsidized employment to long-term unemployed individuals aged 50 and above. Using a sharp age-based discontinuity...

This paper studies how and why anti-Irish sentiment in 19th century England spills over onto jury decisions at London's Old Bailey Central Criminal Court. We classify the (perceived) ethnicity of courtroom participants according to whether they have distinctly Irish or English surnames based on...

This publication analyses the advantages and disadvantages of carbon credits compared to other financing instruments for protecting and restoring coastal ecosystems. Nine instruments are examined, including emission credits, biodiversity certificates, development cooperation, and blue bonds....

This paper estimates the causal impact of Brexit on migrant employment in the United Kingdom using a synthetic difference-in-differences (SDID) framework. We construct a counterfactual trajectory for the UK based on a weighted combination of comparable European economies and compare...

Like many newer EU Free Trade Agreements, the Trade and Cooperation Agreement (TCA) includes commitments concerning labour and social standards and environment and climate policy under the title the 'Level Playing Field'. This title includes non-regression provisions, which prohibit reducing or...

Ours is the first meta-analysis synthesizing results from econometric studies carried out in the UK to assess the size of the gender wage gap (GWG). Drawing on 90 primary studies published between 1974 and 2024 we assess trends in the gap and identify the substantive and methodological factors...

This paper investigates persistence in the MINT (Mexico, Indonesia, Nigeria, Turkey) stock markets applying fractional integration methods to daily data from 1 January 2022 to 31 October 2025. Different model specifications are estimated for prices, log prices and log returns under the...

When do people identify with their class? Evidence from social psychology shows that individuals are more likely to identify with a group if they are similar to its members. We study early 20th century Britain and show that regional cultural heterogeneity combined with internal migration...

The establishment of the UK National Health Service (NHS) in July 1948 was one of the most consequential health policy interventions of the twentieth century, providing universal and free access to medical care and substantially expanding maternal and infant health services. In this paper, we...

We study how consumers form and revise inflation expectations using a unique, highly balanced monthly panel of Dutch households. We develop a Bayesian framework that nests Full-Information Rational Expectations (FIRE) alongside common forecasting heuristics and test it by recovering...

This paper studies how and why anti-Irish sentiment in 19th century England spills over onto jury decisions at London’s Old Bailey Central Criminal Court. We classify the (perceived) ethnicity of courtroom participants according to whether they have distinctly Irish or English surnames based...

This paper examines the relationship between labour market concentration and wage inequality using global survey data for the period 2006-2022. The results show that higher labour market concentration is associated with higher wage inequality, especially in the top half of the wage distribution....

We study the role of Gender Role Attitudes (GRA) - beliefs about appropriate roles for men and women - in marital sorting and intra-household allocations. Using the UK Household Longitudinal Study and a multidimensional matching model following Dupuy and Galichon (2014), we estimate the...

* In the Wealth of Nations, Adam Smith argues that individuals pursuing their own self-interest can promote the public good when channelled through his 'system of natural liberty.' * Smith's 'system of natural liberty' depends on three pillars - maximum individual liberty, tempered by justice...

* Since the 2008 financial crisis, environmental policy has shifted away from simply managing negative externalities and gradually converged with regular industrial policy. Various 'green deals' have been launched around the world with the aim of achieving a combination of economic and...

We study the part-time penalty. Using Danish register data, the Danish Labor Force Survey, and hospital personnel records, we show that the pay gap between part-time and full-time workers is sizable and increases over the career because the two groups accumulate different levels of human capital...

This paper studies how and why anti-Irish sentiment in 19th century England spills over onto jury decisions at London’s Old Bailey Central Criminal Court. We classify the (perceived) ethnicity of courtroom participants according to whether they have distinctly Irish or English surnames based...