BURA Community:https://bura.brunel.ac.uk/handle/2438/85972026-11-04T23:00:13Z2026-11-04T23:00:13ZHow effective were policies and institutions in influencing inflation? New global evidence from the pandemicNarayan, Paresh KumarKaravias, YiannisRizvi, Syed Aun RSharma, Susan SBadrawani, Wishnuhttps://bura.brunel.ac.uk/handle/2438/341292026-11-04T13:30:45Z2026-10-15T00:00:00ZTitle: How effective were policies and institutions in influencing inflation? New global evidence from the pandemic
Authors: Narayan, Paresh Kumar; Karavias, Yiannis; Rizvi, Syed Aun R; Sharma, Susan S; Badrawani, Wishnu
Abstract: The objective of this paper is to examine the role of policies and institutions in shaping inflation during the pandemic for a global sample of 106 countries. Our analysis unravels new evidence: central banks contribute to developing countries’ inflation but curb ASEAN inflation. Financial authorities reduce advanced economies’ inflation but boost ASEAN’s. Policies favouring non-financial businesses aid developing, advanced, and EURO economies, while those aiding individuals alleviate inflation in developing and ASEAN nations. Policy tools of grants, payments, and lending reduce inflation in developing, EURO, and ASEAN economies, respectively. Conversely, announcements and rules elevate inflation in developing countries. Overall, central banks and financial authorities wield substantial influence institutionally, while policies targeting non-financial businesses and individuals effectively combat inflation. Varied policy tools demonstrate nuanced effectiveness across different economies, highlighting the complexity of inflation management strategies.
Description: JEL CLASSIFICATION:
E31; E52; E58; E61; F412026-10-15T00:00:00ZAssets returns and CO₂ emissions: evidence on contemporaneous and lagged connectednessBelhouichet, FekriaCaporale, Guglielmo MariaGil-Alana, Luis Alberikohttps://bura.brunel.ac.uk/handle/2438/340742026-10-28T11:18:06Z2026-01-01T00:00:00ZTitle: Assets returns and CO₂ emissions: evidence on contemporaneous and lagged connectedness
Authors: Belhouichet, Fekria; Caporale, Guglielmo Maria; Gil-Alana, Luis Alberiko
Abstract: ...
Description: JEL Classification: C32, G112026-01-01T00:00:00ZOpen Banking and Inclusive Lending in UK Banks and Building SocietiesKara, AlperKaraca, Mehmet FurkanSefiloglu, Onurhttps://bura.brunel.ac.uk/handle/2438/340662026-10-22T02:00:14Z2026-10-14T00:00:00ZTitle: Open Banking and Inclusive Lending in UK Banks and Building Societies
Authors: Kara, Alper; Karaca, Mehmet Furkan; Sefiloglu, Onur
Abstract: This report examines what Open Banking means for UK building societies and for inclusive lending. Building societies occupy a distinctive position in the UK financial system. They are more specialised, more mortgage-focused, and more regionally embedded than commercial banks, and these differences matter for how Open Banking is likely to develop across the UK. ...2026-10-14T00:00:00ZEnvironmental Disclosure Versus Environmental Performance: Implications for Corporate Financial Performance and RiskShaukat, AmamaTrojanowski, Grzegorzhttps://bura.brunel.ac.uk/handle/2438/340272026-10-19T02:00:11Z2026-08-24T00:00:00ZTitle: Environmental Disclosure Versus Environmental Performance: Implications for Corporate Financial Performance and Risk
Authors: Shaukat, Amama; Trojanowski, Grzegorz
Abstract: Environmental considerations shape corporate strategy, risk management, and firm valuation. Yet, empirical evidence on the links between environmental performance, environmental disclosures and corporate financial performance is mixed and often omits risk implications. We develop a holistic framework to examine the endogenous inter-relations among corporate environmental performance (CEP), environmental disclosure (CED), financial performance, and risk. Employing 3SLS, we analyse the simultaneous links between CEP, CED, and market-based measures of performance and risk for a large panel (7877 firm-year observations) of US-listed firms over 2005–2020. The findings reveal that environmental performance and environmental disclosure have distinct economic implications. Environmental performance is associated with lower market valuation and lower market risk. These findings suggest that while substantive environmental initiatives may enhance organisational resilience, investors are not appropriately factoring the associated benefits in firm valuation. In contrast, environmental disclosure is associated with higher market valuation and higher market risk. Thus, environmental communication may enhance corporate legitimacy and strengthen stakeholder relations while simultaneously increasing investor awareness of environmental exposures and sustainability-related uncertainties. We also find a strong positive association between environmental performance and environmental disclosure, suggesting that environmental reporting increasingly reflects underlying environmental actions rather than symbolic signalling alone. Overall, the results highlight the importance of distinguishing between environmental actions and environmental communication when evaluating corporate environmental strategy, firm value, and risk. Overall, the results carry implications for managers, investors, regulators, and researchers seeking to evaluate the role of corporate environmental strategy in corporate resilience, transparency, and value creation.
Description: Data Availability Statement:
The datasets presented in this article are not readily available because of the commercial reasons. All the data have been obtained from a commercial providers listed in the article. Requests to access the datasets should be directed to these commercial data providers.2026-08-24T00:00:00Z