Working Papers

Please click on the links below to download recent Bangor Business School working papers:

Please click here for the BBS Working paper document template.

2019 Working Papers

BBSWP/19/002 The impact of financial development on income inequality: a quantile regression approach

Yener Altunbaş (Bangor Business School), John Thornton (Bangor Business School & Office of Technical Assistance, US Department of the Treasury)

BBSWP/19/003 The effect of CEO power on bank risk: do boards and institutional investors matter?

Yener Altunbaş (Bangor Business School), John Thornton (Bangor Business School & Office of Technical Assistance, US Department of the Treasury) and Yurtsev Uymaz

(Norwich Business School, University of East Anglia)

BBSWP/19/004 The ‘risk dividend’ in banks’ internal capital markets

Yener Altunbaş (Bangor Business School), John Thornton (United States Department of the Treasury Office of Technical Assistance), Tianshu Zhao Birmingham Business School.

BBSWP/19/005 Money laundering and bank risk: evidence from US banks

Yener Altunbaş (Bangor Business School), John Thornton (Office of Technical Assistance, US Department of the Treasury & Bangor Business School) and Yurtsev Uymaz (Norwich Business School, University of East Anglia)

BBSWP/19/006. The Consumer Credit Act 1974 and the emergence of the APR as a consumer protection policy tool

BERNARDO BÁTIZ-LAZO (Bangor Business School) SANTIAGO CARBÓ-VALVERDE (CUNEF and Bangor Business School), and SERGIO CASTELLANOS-GAMBOA (Bangor Business School)

BBSWP/19/07 Consumer payment choice during the crisis in Europe: a heterogeneous behaviour?1

Konstantia Litsiou (Manchester Metropolitan University Business
School) & Konstantinos Nikolopoulos (Bangor Business School)

BBSWP/19/08 When the bank is closed, the cash is king; ... not! A qualitative longitudinal study in the payment media used in Greece during and after the three-week period of governmentally-imposed Bank-holiday and respective capital controls1

Konstantia Litsiou (Manchester Metropolitan University Business
School) & Konstantinos Nikolopoulos (Bangor Business School)

BBSWP/19/09 Social Collateral and consumer payment media during the economic crisis in Europe1

Konstantia Litsiou (Manchester Metropolitan University Business
School) & Konstantinos Nikolopoulos (Bangor Business School)

BBSWP/19/010 Payout policy and ownership structure: The case of Islamic and conventional banks

Andi Duqi (Department of Management, University of Bologna), Aziz Jaafar
(Bangor Business School), Mohammed Warsame(College of Business Administration, University of Sharjah, Clarendon)

BBSWP/19/011 Ownership Structure, Board of Directors and Firm Performance: Evidence from Taiwan

Mao-Feng Kao (Department of Accounting, National Dong Hwa University), Lynn Hodgkinson (Bangor Business School), Aziz Jaafar (Bangor Business School)

BBSWP/19/12 Do Negative Interest Rates Affect Bank Risk-Taking?

Alessio Bongiovanni (University of Turin), Alessio Reghezza(Bangor Business School), Riccardo Santamaria(Sapienza, University of Rome), Jonathan Williams (Bangor Business School)

BBSWP/09/013 Corporate Culture and Merger Success

Fiordelisi F. (University of Rome & Middlesex Business School), Ricci O (University of Rome). and Stentella Lopes, F. S. (Bangor Business School)

BBSWP/19/14 Mitigating misleading implications for policy: Treatment of outliers in a difference-indifferences framework

Philip Molyneux (University of Sharjah), Alessio Reghezza (Bangor Business School), Jonathan Williams (Bangor Business School)

BBSWP/19/15 Trust and Agency Redistribution in CajaVecina's Payment Ecosystem

Alarcón-Molina Joséa (Ministry of Health Chile); Batiz-Lazo, Bernardo (Bangor Business School) ; Espinosa-Cristia, Juan Felipe (Andrés Bello University, Chile)

BBSWP/19/16 Clustering, Forecasting and Cluster Forecasting: using k-medoids, k-NNs andrandom forests for cluster selection

Dinesh Reddy Vangumalli (Oracle America Inc.), Konstantinos Nikolopoulos, (Bangor Business School) & Konstantia Litsiou (Manchester Metropolitan University

BBSWP/19/17 A risk-mitigation model driven from the level of forecastability of Black Swans: prepare and respond to major Earthquakes through a dynamic Temporal and Spatial Aggregation forecasting framework

Konstantinos Nikolopoulos(Bangor Business School ), Fotios Petropoulos (University of Bath) , Vasco Sanchez Rodrigues (Cardiff University) Stephen Pettit (Cardiff University), Anthony Beresford (Cardiff University)

BBSWP/19/18 Long-Term Economic Forecasting with Structured Analogies and Interaction Groups

Konstantinos Nikolopoulos(Bangor Business School), Waleed S. Alghassab (University of Hail, Saudi Arabia), Konstantia Litsiou ( Manchester Metropolitan University) & Stelios Sapountzis (Salford Business School & Manchester Metropolitan University)

2018 Working Papers

BBSWP/18/01 Bank Profits and Margins in a World of Negative Rates

2017 Working Papers

BBSWP/17/04 Massive Migration and Elections: Evidence from the Refugee Crisis in Greece

Chrysovalantis Vasilakis (Bangor Business School)

BBSWP/17/03 Liquidity co-movement between financial institutions and real estate firms: evidence from China

Sheng Huang (Bangor Business School)
Jonathan Williams (Bangor Business School)
Ru Xie (Bangor Business School)

BBSWP/17/03 Is DLT the Cure for the Omni-Channel Blues? A Provocatio

Bernardo Bátiz-Lazo (Bangor Business School)

BBSWP/17/02 Did Negative Interest Rates Impact Bank Lending?

Phil Molyneux (Bangor Business School)
Alessio Reghezza (Bangor Business School)
John Thornton
Ru Xie (Bangor Business School)

BBSWP/17/01 Between novelty and fashion – Risk management and the adoption of computers in retail banking

Bernardo Bátiz-Lazo (Bangor Business School)

2016 Working Papers

BBSWP/16/03 The Future of Money: A Voyage Through Time and Space

Bernardo Bátiz-Lazo (Bangor Business School)
Leonidas Efthymiou (UNICAF, Intercollege Lanarca, Cyprus)

BBSWP/16/02 Mobilizing relationship marketing to ensure venture development in a rural resource-constrained bilingual context: The case of Draig Technology Limited

Sara Parry (Bangor Business School)
Paul Westhead (Durham University)

BBSWP/16/01 Can Islamic Injunctions Indemnify the Structural Flaws of Securitized Debt?

M. Shahid Ebrahim (University of Durham)
Aziz Jaafar (Bangor Business School)
Fatma A. Omar (Institute of Finance Management, Tanzania)
Murizah Osman Salleh (Central Bank of Malaysia)

2015 Working Papers

BBSWP/15/13 Securitization and Credit Quality

Alper Kara (Loughborough University)
David Marques-Ibanez (Board of Governors of the Federal Reserve System and Bangor University)
Steven Ongena (University of Zurich)

BBSWP/15/12 Inflation targeting in developing economies revisited

John Thornton (Bangor Business School)

BBSWP/15/11 Irish workplace partnership: unbridgeable tensions between an 'Irish third way' of voluntary mutuality and neo-liberal forces

Tony Dobbins (Bangor Business School)
Tony Dundon (NUI Galway)

BBSWP/15/10 Weak regulation, game theory and ineffectiveness of the EU Information & Consultation Directive in liberal economies

Tony Dobbins (Bangor Business School)
Tony Dundon (NUI Galway)
Niall Cullinane (Queens University Belfast)
Eugene Hickland (NUI Galway)
Jimmy Donaghey (University of Warwick)

BBSWP/15/09 A Dainty Review of the Business and Economic History of Chile and Latin America

Bernardo Bátiz-Lazo (Bangor Business School)

BBSWP/15/08 Was Thatcherism Another Case of British Exceptionalism? A Provocation

Bernardo Bátiz-Lazo (Bangor Business School)
Andrew Edwards (School of History, Bangor University)

BBSWP/15/07 More foreign aid, less financial development

Y. Altunbaş (Bangor Business School)
J. Thornton (Bangor Business School)
C. Vasilakis (Bangor Business School)

BBSWP/15/06 Why do countries adopt fiscal rules?

Y. Altunbaş (Bangor Business School)
J. Thornton (Bangor Business School)

BBSWP/15/05 Tax Havens and Effective Tax Rates: An Analysis of Private versus Public European Firms

A. Jaafar (Bangor Business School)
J. Thornton (Bangor Business School)

BBSWP/15/04 Modelling and Forecasting Branded and Generic Pharmaceutical Life Cycles: Assessment of the Number of Dispensed Units

S. Buxton (Swansea University)
K. Nikolopoulos (Bangor Business School)
M. Khammash (University of Sussex)
P. Stern (University of Exeter)

BBSWP/15/03 Forecasting, Foresight and Strategic Planning for Black Swans

K. Nikolopoulos (Bangor Business School)
F. Petropoulos (Cardiff University Business School)

BBSWP/15/02 Pediatrician's Communication skills: essential or complimentary? Mind the gap

V. Miligkos (Pediatrics Clinic, Mitera S.A., Athens, Greece)
K. Nikolopoulos (Bangor Business School)
M. Miligkos (Sackler School of Graduate Biomedical Sciences - Tufts University, Boston, USA)
S. Sambrook (Bangor Business School)

BBSWP/15/01 The determinants of regulatory responses to risks from financial innovation: Survey evidence from G20

Ivan Diaz-Rainey (University of Otago, New Zealand)
John K. Ashton (Bangor Business School)
Maz Yap (University of Otago, New Zealand)
Murat Genc (University of Otago, New Zealand)
Rosalind Whiting (University of Otago, New Zealand)

2014 Working Papers

BBSWP/14/006 Securitisation and banking risk: What do we know so far?

Yener Altunbas (Bangor Business School)
Alper Kara (Hull University Business School)
Aydın Özkan (Bradford University School of Management)

BBSWP/14/005 Regional Economic Transition in Wales: The Role of Labour Market Intermediaries

Tony Dobbins (Bangor Business School)
Alexandra Plows (School of Social Sciences, Bangor University)

BBSWP/14/004 Access to Consumer Credit in the UK

Solomon Y. Deku (University of Hull)
Alper Kara (University of Hull)
Philip Molyneux (Bangor University)

BBSWP/14/003 From Hierarchy to Market: the Changing Industrial Organization of Epistemic Communities During Hong Kong’s Transition to a Cashless Society (1965-2005)

Bernardo Bátiz-Lazo (Bangor Business School)
Andrew Smith (University of Liverpool)

BBSWP/14/002 The relationship between International Networking and Firm Performance in SMEs, UK

Rana Tajvidi (Bangor Business School)
Azhdar Karami (Bangor Business School)

BBSWP/14/001 The role of implicit costs and product quality in determining the customer costs of using personal current accounts

John Ashton (Bangor Business School)
Andros Gregoriou (Brighton Business School)

2013 Working Papers

BBSWP/13/001 Corporate Taxation and Productivity Catch-Up: Evidence from European Firms

Norman Gemmell (Victoria University of Wellington, New Zealand)
Richard Kneller (University of Nottingham)
Danny McGowan (Bangor Business School)
Ismael Sanz (Universidad Rey Juan Carlos, Spain)

BBSWP/13/002 Research as Usual: How Researching Public Problems Affects Problem Solving

Koen Bartels (Bangor Business School)

BBSWP/13/003 Online publishing and citation success in the business and economic history of Spain, 1997-2011

Bernardo Bátiz-Lazo (Bangor Business School)
Rasol Eskandari (Salford Business School)
John Goddard (Bangor Business School)

BBSWP/13/004 Forecasting multivariate time series with the Theta Method

Dimitrios D. Thomakos (University of Peloponnese; Rimini Centre for Economic Analysis)
Konstantinos Nikolopoulos (Bangor Business School)

BBSWP/13/005 Competition And Bank Risk: The Role Of Securitization And Bank Capital

Yener Altunbas (Bangor Business School)
Michiel van Leuvensteijn (APG)
David Marques-Ibanez (European Central Bank)

BBSWP/13/006 The relative influence of price and choice factors on retail deposit quantities

John K. Ashton (Bangor Business School)
Andros Gregoriou & Jerome V. Healy (University of Hull)

BBSWP/13/007 The Impact of Sovereign Credit Signals on Bank Share Prices during the European Sovereign Debt Crisis

Gwion Williams, Rasha Alsakka and Owain ap Gwilym (Bangor Business School)

BBSWP/13/008 Growth, de-regulation and rent-seeking in post-war British Economy

Shanti Chakravarty (Bangor Business School)
Dimitrios Thomakos (University of Peloponnese)
Konstantinos Nikolopoulos (Bangor Business School)

BBSWP/13/009 Bank Efficiency and Executive Compensation

Timothy King (Leeds University)
Jonathan Williams (Bangor Business School)

BBSWP/13/010 Rationalizing the Value Premium in Emerging Markets

M. Shahid Ebrahim (Bangor Business School)
Sourafel Girma (University of Nottingham)
M. Eskander Shah (International Centre for Education in Islamic Finance)
Jonathan Williams (Bangor Business School)

BBSWP/13/011 Dealing with Cross-Firm Heterogeneity in Bank Efficiency Estimates: Some evidence from Latin America

John Goddard (Bangor Business School)
Philip Molyneux (Bangor Business School)
Jonathan Williams (Bangor Business School)

BBSWP/13/012 Privatisation of Banks in Mexico and the Tequila Crisis

S.P. Chakravarty (Bangor Business School)
Jonathan Williams (Bangor Business School)

BBSWP/13/013 Poverty of Agency Theory and Poverty of Managerial Practice: The Royal Bank of Scotland Fiasco

S.P. Chakravarty (Bangor Business School)
Tony Dobbins (Bangor Business School)
Lynn Hodgkinson (Bangor Business School)

BBSWP/13/014 The Influence of Product Age on Pricing Decisions: An examination of bank deposit interest rate setting

Robert D. J. Anderson (Newcastle University Business School)
John K. Ashton (Bangor Business School)
Robert S. Hudson (Hull University Business School)

2012 Working Papers

BBSWP/12/001 Moral hazard, dividends, and risk in banks

Enrico Onali, Bangor Business School, Bangor University

BBSWP/12/002 Does monetary policy affect bank risk?

Yener Altunbas, Centre for Banking and Financial Studies, Bangor University
Leonardo Gambacorta, Bank for International Settlements, Monetary and Economics Department - Corresponding author
David Marques-Ibanez, European Central Bank, Financial Research Division

BBSWP/12/003 Bank Risk during the Financial Crisis: Do business models matter?

Yener Altunbas, Centre for Banking and Financial Studies, Bangor University
Simone Manganelli, Directorate General Research, European Central Bank
David Marques-Ibanez, Directorate General Research, European Central Bank

BBSWP/12/004 Executive Board Composition and Bank Risk Taking

Allen N. Berger, Moore School of Business, University of South Carolina
Thomas Kick, Deutsche Bundesbank
Klaus Schaeck, Bangor Business School, Bangor University

BBSWP/12/005 The Influence of Banking Centralisation on Depositors: Regional Heterogeneities in the Transmission of Monetary Policy
John Ashton, Bangor Business School, Bangor University
Andros Gregoriou, Hull University Business School, Hull University

BBSWP/12/006 Tax Policy and Firm Entry and Exit Dynamics: Evidence from OECD Countries

Richard Kneller, University of Nottingham
Danny McGowan, Bangor Business School, Bangor University

BBSWP/12/007 Labour precariousness and ‘make do and mend’ after redundancy at Anglesey Aluminium: critiquing Human Capital Theory

Tony Dobbins, Bangor Business School, Bangor University
Alexandra Plows, School of Social Sciences, Bangor University
Huw Lloyd-Williams, College of Business, Social Sciences and Law, Bangor University

BBSWP/12/008 Can an interest-free credit facility be more efficient than a usurious payday loan?

Murizah Osman Salleh, Bank Negara Malaysia and Bangor University
Aziz Jaafar, Bangor Business School, Bangor University
M. Shahid Ebrahim, Bangor Business School, Bangor University

BBSWP/12/009 Academic Study Leave or Sabbatical: Contested Concepts

Sally Sambrook, Bangor Business School, Bangor University

BBSWP/12/010 Rationalizing the Value Premium under Economic Fundamentals in an Emerging Market

M. Shahid Ebrahim, Bangor Business School, Bangor University
Sourafel Girma, University of Nottingham, UK
R. Hudson, Newcastle University, UK

BBSWP/12/011 The Political Economy and the Perennial Underdevelopment of the Muslim World

M. Shahid Ebrahim, Bangor Business School, Bangor University
Seema Makhdoomi, Bangor University
Mustapha Sheikh, Leeds University

BBSWP/12/012 Bank ratings: What determines their quality?

Harald Hau, University of Geneva
Sam Langfield, UK Financial Services Authority
David Marques-Ibanez, European Central Bank

BBSWP/12/013 The Historical Development of Human Resource Development in the United Kingdom

Jim Stewart, Leeds Metropolitan
Sally Sambrook, Bangor Business School, Bangor University

2011 Working Papers

BBSWP/11/001 Post-Crisis Financial Reform: Where Do We Stand?

Alessandro Giustiniani, International Monetary Fund
John Thornton, Bangor Business School

BBSWP/11/002 The Inhibition of Usury (Riba An-Nasi'ah) and the Economic Underdevelopment of the Muslim World

Murizah Osman Salleh, Bank Negera Malaysia
Aziz Jaafar and M Shahid Ebrahim, Bangor Business School

BBSWP/11/003 Entrepreneurship Dynamics, Market Size and Fiscal Policy

Richard Kneller, University of Nottingham
Danny McGowan, Bangor Business School

BBSWP/11/004 A Biographical Approach to Researching Leadership and Entrepreneurship Development Processes in a Small Business Context

Karen Jones and Sally Sambrook, Bangor Business School
Andrew Henley and Heather Norbury, University of Swansea

BBSWP/11/005 A Brief Business History of an On-Line Distribution System for Academic Research called NEP, 1998-2010

Bernardo Bátiz-Lazo, Bangor Business School
Thomas Krichel, Long Island University and Novosibirsk State University

BBSWP/11/006 Engaging students in group work to maximise knowledge sharing

Bejan Analoui, Sally Sambrook and Clair Doloriert (Bangor Business School)

BBSWP/11/007 The Information and Consultation of Employees (ICE) Directive: employer occupation of regulatory space for informing & consulting workers in liberal market regimes

Tony Dobbins, Bangor University
Tony Dundon and Eugene Hickland, National University of Ireland Galway
Niall Cullinane, Queens University Belfast
Jimmy Donaghey, University of Warwick

BBSWP/11/008 Should the joint provision of credit insurance with unsecured lending be prohibited? An examination of the UK payment protection insurance market

John K. Ashton, Bangor Business School
Robert S. Hudson, Newcastle University Business School

BBSWP/11/009 How the Future Shaped the Past: The Case of the Cashless Society

Bernardo Bátiz-Lazo, Bangor University
Thomas Haigh, University of Wisconsin, Milwaukee; The Haigh Group
David Stearns, Seattle Pacific University

BBSWP/11/010 The price, quality and distribution of mortgage payment protection insurance: A hedonic pricing approach

John K. Ashton, Bangor Business School
Robert S. Hudson, Newcastle University Business School

BBSWP11/011 ‘Too Systemically Important to Fail’ in Banking

Philip Molyneux, Klaus Schaeck and Tim Zhou (Bangor Business School)