Armstrong, W., J. Knif, J. Kolari and S. Pynnönen, 2012, Exchange risk and universal returns: A test of international arbitrage pricing theory, Pacific-Basin Finance Journal, 20, 1, 24-40.

Baur, D. G., Dimpfl, T. and Jung, R. C. (2012). Stock return autocorrelations revisited: A quantile regression approach. Journal of Empirical Finance 19, 254-256.

Baur, D. G. (2012). Financial contagion and the real economy. Journal of Banking & Finance 36, 2680-2692.

Elliot, R. and G. Lian (2012). Pricing variance and volatility swaps in a stochastic volatility model with regime switching - Discrete observations case.Quantitative Finance, forthcoming.

Frijns, B., D. Margaritis and M. Psillaki (2012). Firm efficiency and stock returns. Journal of Productivity Analysis 37, 295-306.

Frijns, B., A. Tourani-Rad and I. Indriawan (2012). Political crises and the stock market integration of emerging markets. Journal of Banking and Finance 36, 644-653.

Huisman, R., N. van der Sar and R. Zwinkels (2012). A new measurement method of investor overconfidence, Economics Letters 114, 69 - 71.

Jongen, R., W. Verschoor, C. Wolff and R. Zwinkels (2012).  Explaining dispersion in the foreign exchange market: A heterogeneous agent approach. Journal of Economic Dynamics and Control 36, 719-735.

Liu, M.-H., D. Margaritis and A. Tourani-Rad (2012).  Risk appetite, carry trade and exchange rates. Global Finance Journal, forthcoming.

Liu, X., D. Margaritis and P. Wang (2012). Stock market volatility and equity returns: Evidence from a two-state Markov-switching model with regressors.Journal of Empirical Finance 19, 483-496.

Koerniadi, H. and A. Tourani-Rad (2012). The role of accruals as a signal in earnings and dividend announcements: NZ evidence. Journal of Applied Accounting Research, forthcoming.

Zhu, S. and G. Lian (2012). An analytical pricing formula for VIX futures and its applications. Journal of Futures Markets 32, 166-190.