Zobrazeno 1 - 10
of 303
pro vyhledávání: '"Michael Halling"'
Publikováno v:
Review of Finance. 25:365-402
Previous work shows large differences in fees for S&P 500 index funds and other funds and suggests that investors suffer wealth losses investing in high-fee funds when similar low-fee funds are available. In contrast, the neoclassical model of mutual
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5fa9074cc08039583d56167adb47bf19
https://doi.org/10.1093/rof/rfaa023
https://doi.org/10.1093/rof/rfaa023
Publikováno v:
The Review of Corporate Finance Studies
We find that bond issues increased substantially since the onset of the COVID-19 crisis in week 12 (March 16-20). This is the case for bonds rated A or higher, but also for bonds rated BBB or lower, although to a lesser extent. We find that the earli
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1f4ed5c53c7dee76c97a5e2d3fe7666f
https://doi.org/10.1093/rcfs/cfaa008
https://doi.org/10.1093/rcfs/cfaa008
Autor:
Emelie Fröberg, Michael Halling
Publikováno v:
SSRN Electronic Journal.
One prominent aspect of the MiFID II regulation that became effective in Europe in 2018 is the unbundling of research and execution costs. We exploit the early adoption of this rule in Sweden already in 2016 to provide early evidence on the implicati
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::15b2712713c7aaafaf091697113e2b02
https://doi.org/10.2139/ssrn.3892441
https://doi.org/10.2139/ssrn.3892441
Publikováno v:
SSRN Electronic Journal.
We find that bond issues increased substantially since the onset of the COVID-19 crisis in calendar week 12 (March 16-20) for bonds rated A or higher, but surprisingly also for bonds rated BBB or lower. In contrast to existing evidence on bond maturi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5179a6877cfa5ddd87c05193cb94bf4e
https://doi.org/10.2139/ssrn.3596114
https://doi.org/10.2139/ssrn.3596114
Publikováno v:
SSRN Electronic Journal.
We document that good ES-performance is rewarded in primary bond markets by lower credit spreads. This effect is strongest for low-rated bonds and for firms in manufacturing, agriculture, mining and construction. However, not all ES-dimensions are eq
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0b2fba66b01cdc5c648eaad674b07139
https://doi.org/10.2139/ssrn.3681666
https://doi.org/10.2139/ssrn.3681666
Publikováno v:
Journal of Financial and Quantitative Analysis. 51:333-358
We analyze the profitability of government-owned banks’ lending to their owners, using a unique data set of relatively homogeneous government-owned banks; the banks are all owned by similarly structured local governments in a single country. Making
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d117528752107c1f51f80f4b2856b06d
https://doi.org/10.1017/s0022109016000132
https://doi.org/10.1017/s0022109016000132
Publikováno v:
SSRN Electronic Journal.
We find that US public firms spread out their debt more across different sources in recession quarters, making measures of debt concentration move pro-cyclically. There is substantial cross-sectional variation in these dynamics. Firms with less lever
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7b1765f9afe7f8b626953b3aad0e51cd
https://doi.org/10.2139/ssrn.3488471
https://doi.org/10.2139/ssrn.3488471
Publikováno v:
The Journal of Finance. 70:577-614
We examine the pricing of both aggregate jump and volatility risk in the cross-section of stock returns by constructing investable option trading strategies that load on one factor but are orthogonal to the other. Both aggregate jump and volatility r
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a263e91b639316ee916d27fdabd85ddb
https://doi.org/10.1111/jofi.12220
https://doi.org/10.1111/jofi.12220
Publikováno v:
Journal of Financial and Quantitative Analysis. 48:489-518
The trading of shares of the same firm in multiple markets has become common over the last 30 years, but there is little empirical evidence on the extent to which investors actively exploit multimarket environments. We introduce a volume-based measur
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::90a1779d352475e997d670887f2dee3e
https://doi.org/10.1017/s0022109013000094
https://doi.org/10.1017/s0022109013000094
Publikováno v:
SSRN Electronic Journal.
Firm fundamentals, in particular firm size, help explain variation in factor loadings (betas) for the market, size and value factor. Surprisingly, however, they are dominated in terms of explanatory power by an unobserved time-invariant component. Th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::139076ea35416f810a5d77ed76c4357f
https://doi.org/10.2139/ssrn.3011256
https://doi.org/10.2139/ssrn.3011256