This paper uses a stylised asset-pricing model to show that sunspots may cause asset returns to be predictable, a widely documented feature of many speculative markets. This result parallels and extends previous works showing that sunspots render asset prices excessively volatile.

This paper contributes to the crucial problem of LIBOR malfunctioning due to its manipulation by banks, a phenomenon described clearly in the FSA Inquiry Report published in September 2012. After applying classical tests of non-stationarity to a series of participating banks’ LIBOR quotes, we...

Information systems (IS) research has examined a broad range of factors influencing the effective adoption of information technology (IT). However, so far, much remains to be done with respect to the exact role played by socio-emotional processes and their influence on IT adoption in the...

What role can academics – especially in management research – have in management innovation ? Can they only be ex post critical analysts of the processes of inventing, experimenting, diffusing and implementing management models and techniques, or do they play a more active role ? From the...