Professor Alessandra Guariglia

Professor Alessandra Guariglia

The Department of Economics
Professor of Financial Economics
Director of PhD Studies - Department of Economics

Contact details

Telephone
+44 (0)121 414 8312
Email
a.guariglia@bham.ac.uk
View my research portal
Address
Department of Economics
Birmingham Business School
University House
University of Birmingham
Edgbaston
Birmingham
B15 2TT
UK

Alessandra Guariglia is Professor of Financial Economics at Birmingham Business School at the University of Birmingham. Her research interests include the links between macroeconomic activity and finance; Firm behavior under imperfect capital markets; Economics of transition in China; Household saving and consumption decisions; Health economics.

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”.

Teaching

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

Postgraduate supervision

Alessandra Guariglia's research and supervision interests include:

How can Chinese firms experience extremely high growth rates, in spite of the malfunctioning of the Chinese financial system?
Is there evidence of investment misallocation in China owing to the inadequacy of the Chinese financial system?
Is there evidence of 'overinvestment' in China, thus threatening the Chinese economy? If so, which firms' characteristics are likely to be associated with this behaviour?
Is there evidence of rapid and dramatic structural changes in the industrial sector in China, with considerable divestment as well as heavy investment, and how can this be explained?
How does investment in social capital affect the financing decisions of Chinese small and medium-sized enterprises (SMEs)?
How does investment irreversibility affect the relationship between investment and cash flow?
Does the way in which investment opportunities are measured affect the investment-cash flow sensitivities for unlisted SMEs?

Other activities

  • Member of REF sub-panel 16: Economics and Econometrics
  • Member of REF sub-panel 17: Business & Management Studies
  • Member of the Council of the Royal Economic Society
  • Member of the Royal Economic Society Publications Committee
  • Member of the Royal Economic Society Education and Training Committee
  • Resource person at the African Economic Research Consortium

Publications

Recent publications

Article

Guan, N, Guariglia, A, Moore, P, Xu, F & Al-janabi, H 2022, 'Financial stress and depression in adults: A systematic review', PLOS One, vol. 17, no. 2, e0264041. https://doi.org/10.1371/journal.pone.0264041

Yang, J, Guariglia, A, Peng, Y & Shi, Y 2022, 'Inventory investment and the choice of financing: does financial development play a role?', Journal of Corporate Finance. https://doi.org/10.1016/j.jcorpfin.2021.102139

Guariglia, A, Monahan, M, Pickering, K & Roberts, T 2021, 'Financial health and obesity', Social Science and Medicine, vol. 276, 113665. https://doi.org/10.1016/j.socscimed.2020.113665

Zemedikun, D, Kigozi, J, Wynne-Jones, G, Guariglia, A & Roberts, T 2021, 'Methodological considerations in the assessment of direct and indirect costs of back pain: a systematic scoping review', PLOS One, vol. 16, no. 5, e0251406. https://doi.org/10.1371/journal.pone.0251406

Ding, S, Guariglia, A, Knight, J & Yang, J 2021, 'Negative investment in China: financing constraints and restructuring versus growth', Economic Development and Cultural Change, vol. 69, no. 4, pp. 1411-1449. https://doi.org/10.1086/706825

Hall, J, Guariglia, A, Kigozi, J & Goranitis, I 2021, 'New evidence on the impact of the Great Recession on health-compromising behaviours', Economics and Human Biology, vol. 41, 100980. https://doi.org/10.1016/j.ehb.2021.100980

Wang, H, Zhang, D, Guariglia, A & Fang, G-Z 2021, '‘Growing out of the growing pain’: financial literacy and life insurance demand in China', Pacific-Basin Finance Journal, vol. 66, 101459. https://doi.org/10.1016/j.pacfin.2020.101459

Yang, S, Guariglia, A & Horsewood, N 2020, 'To what extent is the Chinese housing boom driven by competition in the marriage market?', Journal of Housing and the Built Environment. https://doi.org/10.1007/s10901-020-09749-1

Yang, J, Guariglia, A & 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, vol. 54, pp. 128-152. https://doi.org/10.1016/j.jcorpfin.2017.09.012

Guariglia, A & Yang, J 2018, 'Adjustment behavior of corporate cash holdings: the China experience', European Journal of Finance, vol. 24, no. 16, pp. 1428-1452. https://doi.org/10.1080/1351847X.2015.1071716

Pickering, K, Monahan, M, Guariglia, A & Roberts, T 2017, 'Time to tighten the belts? Exploring the relationship between savings and obesity', PLoS ONE, vol. 12, no. 6, e0179921. https://doi.org/10.1371/journal.pone.0179921

Tsoukalas, J, Tsoukas, S & Guariglia, A 2017, 'To what Extent are savings-cash flow sensitivities informative to test for capital market imperfections?', Review of Finance, vol. 21, no. 3, pp. 1251–1285. https://doi.org/10.1093/rof/rfw043

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, vol. 36, pp. 111-130. https://doi.org/10.1016/j.jcorpfin.2015.10.006

D' Espallier, B & Guariglia, A 2015, 'Does the Investment Opportunities Bias Affect the Investment-Cash Flow Sensitivities of Unlisted SMEs?', European Journal of Finance, vol. 21, no. 1, pp. 1-25. https://doi.org/10.1080/1351847X.2012.752398

Guariglia, A, Dixon, R & Vijayakumaran, R 2015, 'Managerial ownership, corporate governance and firms' exporting decisions: evidence from Chinese listed companies', European Journal of Finance. https://doi.org/10.1080/1351847X.2015.1025990

View all publications in research portal