PEGFA Research Seminars 2024: Tippet & Ulianiuk

The Institute of Political Economy, Governance, Finance and Accountability (PEGFA) invites you to its Research Seminar Series 2023.

Our first Research Seminar will take place on 30th January at 1pm in HH102 and will feature PEGFA speakers Dr Ben Tippet and Pavlo Ulianiuk.

The MS Teams meeting can be accessed here.

Dr Tippet will present "Finding fortunes: A new methodology to estimate missing wealth in survey data".

"How much do the wealthiest really own?  Measuring wealth concentration using raw micro survey data has tended to underestimate the true extent of inequality in the population. As richer households are less likely to respond to surveys than poorer ones, many major wealth surveys are plagued by such differential unit non-response bias.[1] This article derives a new methodology, which we call Missingness Maximum Likelihood (MML), to tackle this bias. Applying MML to the UK Wealth and Asset’s Survey (WAS), we estimate the missing wealth at the top of the UK wealth distribution. To demonstrate the research and policy implications of MML, we measure the revenue potential of a new progressive wealth tax on the wealthiest top 1% of households using the adjusted data."

Pavlo Ulianiuk will discuss "The evolution of corporate attention: Evidence from UK public companies, 2000-2016".

"With this work we empirically address the concept of corporate attention established in the Attention-Based View (ABV) model (Ocasio, 1997). While corporate attention has a significant impact on everyday business activity and on key strategic decisions there is a lack of relevant empirical findings caused by the limitation of existing measurement methodology. The rare existing quantitative studies are mainly constrained to a cross sectional dataset and exclusively is oriented on the US registered companies. With this work we overcome these limitations. We measure and create a unique longitudinal dataset of managers’ attention for the biggest non-financial companies listed in the FTSE350 index.
We quantify the evolutionary change in corporate attention over 5 key goals and 5 main stakeholders during the period 2000-2016. We identify several factors/channels from the Attention-Based theory which determine the difference in attention perception: (i) The adverse shocks (the financial crisis 2008-2009); (ii) The difference in managers’ role (CEO vs chairman); (iii) The industry specific characteristics; (iv) The difference over company life cycle. With this work we also contribute to the stakeholders and goals selection literature empirically assessing the attention correlation between stakeholders and goals."

We look forward to seeing you there!

Please find the entire programme for this year's Research Seminar Series here.