Professor Alessandra Guariglia

Professor Alessandra Guariglia

The Department of Economics
Professor of Financial Economics

Contact details

Address
Department of Economics
Birmingham Business School
JG Smith Building
University of Birmingham
Edgbaston, Birmingham
B15 2TT

Alessandra Guariglia is Professor of Financial Economics at Birmingham Business School at the University of Birmingham.

Qualifications

  • Doctor of Philosophy (Economics), May 1995, Boston University.
  • Master of Arts in Political Economy, January 1993, Boston University.
  • Laurea in Economia e Commercio, magna cum laude, July 1988, Università degli Studi di Roma, “La Sapienza”.

Biography

Alessandra Guariglia is Professor of Financial Economics at the University of Birmingham. She has been Head of the Department of Economics at that same university from 2012 to 2015, and Head of the Departments of Economics and Accounting & Finance at the University of Durham between 2009 and 2012. Prior to that, she has worked at the Universities of Nottingham, Kent, and Essex.

She obtained her PhD from Boston University in 1995. Her current areas of research include the link between macroeconomic activity and finance, the economics of transition in China, and health economics. She is an associate editor of the European Journal of Finance and has been associate editor of the Journal of Banking and Finance from 2011 to 2015. Her research has been published in journals such as the Journal of International Economics, the Journal of Development Economics, the Review of Finance, and the Journal of Corporate Finance.

Teaching

Advanced Research Methods (PhD), China and the World Economy (second year undergraduate)

Postgraduate supervision

Completed

  • Danying Li (University of Birmingham); Household finance, consumption and health; Evidence from China and European countries. Completion year: 2018. Now Research Associate in the School of Social Policy at the University of Birmingham.
  • Yanan Zhang (University of Birmingham); Understanding saving, consumption, and healthcare utilization in China. Completion year: 2018. Now Research Associate in the School of Social Policy at the University of Birmingham.
  • Sashka Stoedinova (University of Birmingham); Research and Development Expenditure and Firm Performance in the UK. Completion year: 2017. Now Transformation Lead at the Department of Health.
  • Marco Giansoldati (University of Birmingham); Determinants and Effects of Trade Credit Financing Microeconometric Evidence from China. Completion year: 2017. Now researcher at the University of Trieste, Italy.
  • Jing Du (University of Birmingham); Political Connections in China: Determinants and Effects on Exporting Behaviour and Financial Health. University of Birmingham (ongoing). Was awarded the Neil Hood and Stephen Young prize for the most original new work at the 42nd AIB (UK & Ireland chapter) annual conference held at Manchester Metropolitan University Business School in April 2015. Completion year: 2016. Now lecturer at the University of Birmingham. 
  • Sunitha Vijayakumaran (Durham University); Leverage and debt maturity of Chinese listed firms: Determinants and effects on corporate performance. University of Birmingham. Completion year: 2016. Now lecturer at the Department of Finance, University of Jaffna, Sri Lanka.
  • Jinghua Wang (Durham University); SME Financing in the Zhejiang Province: the Role of Civilian Lending. Fudan/Durham University; DBA. Completion year: 2016. Now controlling shareholder of China Kings Resources Group Co., Ltd; Hangzhou; China.
  • Ratnam Vijayakumaran (Durham University); Corporate Governance and Corporate Finance: Evidence from Chinese Listed Companies. Durham University. Completion year: 2015. Now lecturer at the Department of Finance, University of Jaffna, Sri Lanka.
  • Pei Liu (Durham University); R&D and Financing Constraints: Evidence from China. Durham University. Completion year: 2015. Now lecturer at Newcastle University.
  • Junhong Yang (Durham University); Mergers and Acquisitions, Investment and Financing Constraints in China. Durham University. Completion year: 2014. Now lecturer at the University of Sheffield.
  • Feng Yue (Durham University); The Effects of Financial Constraints on Firms’ Behavior in China. Durham University. Completion year: 2011. Now at the China Culture Industrial Investment Fund in Beijing.
  • Minjia Chen (University of Nottingham); Financial Effects on Firms’ Investment, Employment, and Productivity: Evidence from China. University of Nottingham. Completion year: 2011.  Was awarded the Chinese Economic Association (UK) prize for one of the three best papers presented at the 2008 annual conference PhD colloquia. Now lecturer at Nottingham University Business School.
  • Agyapomaa Gyeke-Dako (University of Nottingham); Multinationals and Financial Constraints: Evidence from Ghana and China. University of Nottingham. Completion year: 2011. Now lecturer at the University of Ghana Business School.
  • Muhamed Zulkhibri Abdul Majid (University of Nottingham); Assessing the Credit and Cost Channels of the Monetary Transmission Mechanism in Malaysia. University of Nottingham. Completion year: 2010. Now at the Central Bank of Malaysia.
  • Evren Ceritoglu (University of Nottingham); Precautionary Saving in Turkey. University of Nottingham. Completion year: 2009. Now at the Central Bank of Turkey.
  • Harshana Kasseeah (University of Nottingham); Capital Structure Choice and Financing Behavior of Small and Medium-Sized Enterprises in the UK and China. University of Nottingham. Completion year: 2008. Was awarded the Chinese Economic Association (UK) prize for the second best papers presented at the 2007 annual conference PhD colloquia. Now lecturer at the University of Mauritius.
  • Kullapat Suetrong (University of Nottingham); Strategic Plant Location of FDI. University of Nottingham. Completion year: 2007. Now with the Royal Thai Government.
  • Mariacristina Rossi (University of Essex); Essays on Savings. University of Essex. Completion year: 2004. Now at the University of Torino.
  • Yiing-Jia Loke (University of Essex); Recent Trends in Payments Systems: Theory and Evidence. University of Essex. Completion year: 2001. Now at the University of Science, Malaysia.

Ongoing

  • Samuel Perry; Economic shocks and mental wellbeing in developed countries. (ongoing, ESRC funded).
  • Fangzhou Xu; Economic shocks and mental wellbeing in developing and transition countries. (ongoing, funded by a University of Birmingham Global Challenges Scholarship)
  • Nanijie Guan; Financial literacy and depression. (ongoing).
  • Jingmin Zhu; Community characteristics, urbanization, and health in China. (ongoing).
  • Pei Yu; Indebtedness and mental wellbeing: Evidence from China. (ongoing).
  • Huanjia Ma; Family/social networks and household saving/consumption in China. (ongoing).
  • Dawit Zemedikun (Co-supervisor); Exploring, quantifying and updating estimates of the economic burden of low back pain in the UK using routine data. (ongoing). This student is based at the Health Economics Unit (Institute for Applied Health Research; College of Medical and Dental Sciences).
  • Wei Jin; Economic shocks and health-compromising behaviors in China and Russia. (ongoing)
  • Chenyang Wang; Understanding the determinants of entrepreneurship in China. (ongoing)
  • Lin Tian; How does health affect portfolio choice? Evidence from China’s over 45. (ongoing)
  • Siyao Yang; Multiple home ownership in China: Determinants and effects on consumption patterns. (ongoing)
  • Lin Fu; Understanding the determinants of unhealthy behaviours among the Chinese middle-aged and elderly population. (ongoing)

Research

Research interests

  • To what extent are financial and physical health linked?
  • Why do Chinese households save so much and why do they hold such a large fraction of their savings in cash?
  • How can Chinese firms experience extremely high growth rates, in spite of the malfunctioning of the Chinese financial system?

Other activities

  • Member of the Council of the Royal Economic Society: 2018-2023.
  • Member of the Royal Economic Society Publications Committee: 2019-2022.

Publications

  • Guariglia, A., Yang, J., Guo, J. (2019). To what extent does corporate liquidity affect M&A decisions, method of payment and performance? Evidence from China. Journal of Corporate Finance, 54, 128-152.
  • Guariglia, A., Yang, J. (2018). Adjustment Behavior and Value of Corporate Cash Holdings: the China Experience. European Journal of Finance, 24(16), 1428-1452.
  • Guariglia, A., Tsoukalas, J., Tsoukas, S. (2017). To what Extent are Savings-Cash Flow Sensitivities Informative to Test for Capital Market Imperfections? Review of Finance, 21(3), 1251-85.
  • Guariglia, A., Dixon, R., Vijayakumaran, R. (2017). Managerial ownership, corporate governance and firms' exporting decisions: evidence from Chinese listed companies. European Journal of Finance, 23(7-9), 802-40.
  • Pickering, K., Monahan, M., Roberts, T., Guariglia, A. (2017). Time to tighten the belts? Exploring the relationship between savings and obesity. PLoS ONE, 12(6).
  • Guariglia, A., Spaliara, M.-E., Tsoukas, S. (2016). How does the interest burden affect firm survival? Evidence from a panel of UK firms during the recent financial crisis. Oxford Bulletin of Economics and Statistics, 78(4), 776-7947.
  • Guariglia, A. (2016). The determinants of productivity in Chinese industry, 1998-2007. Journal of Productivity Analysis, 22(4-6), 131-155.
  • Guariglia, A. (2016). Does Political Affiliation affect Credit Extension? Evidence from China. The European Journal of Finance, 22, 319-344.
  • Guariglia, A., Yang, J. (2016). A balancing act: managing financial constraints and agency costs to minimize investment inefficiency in the Chinese market. Journal of Corporate Finance, 36.