Zobrazeno 1 - 10
of 1 431
pro vyhledávání: '"jel:G23"'
Autor:
Jonathan Reuter, Eric Zitzewitz
Publikováno v:
Review of Finance. 25:1395-1432
The level of diseconomies of scale in asset management has important implications for tests of manager skill and the expected level of performance persistence. To identify the causal impact of fund size on future returns, we exploit the fact that sma
Autor:
Steuer, Sebastian
This paper compares the extent of common ownership in the US and the EU stock markets, with a particular focus on differences in the ap- plicable ownership transparency requirements. Most empirical research on common ownership to date has focused on
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::9fb046d6bcad90f7da309a656e2a5c58
https://hdl.handle.net/10419/262211
https://hdl.handle.net/10419/262211
Autor:
Liaudinskas, Karolis
This paper studies whether and why algorithmic traders exhibit one of the most broadlydocumented behavioral puzzles – the disposition effect. We use trade data from the NASDAQ Copenhagen Stock Exchange merged with the weather data. We find that on
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::1fde7a7d0f6552d40140a8deb1e3961b
https://hdl.handle.net/10419/264948
https://hdl.handle.net/10419/264948
Publikováno v:
Financial Management. 49:3-32
This paper analyzes the determinants of buyout funds' investment decisions. In a model in which the supply of capital is "sticky" in the short run, we link the timing of funds' investment decisions, their risk-taking behavior, and the returns they su
Publikováno v:
Journal of Political Economy. 127:689-729
Heightened counterparty risk during the recent financial crisis has raised questions about the role clearinghouses play in global financial stability. Empirical identification of the effect of centralized clearing on counterparty risk is challenging
Autor:
Simas Kucinskas
Publikováno v:
Journal of Banking & Finance. 101:1-11
This paper studies the welfare properties of mutual funds in a Diamond–Dybvig economy with two sources of aggregate risk: (i) shocks to long-term investment returns; and (ii) shocks to aggregate liquidity demand. Mutual funds are inefficient when t
Publikováno v:
Journal of Financial Markets, 42, 56-74. Elsevier
Using a unique data set that contains the complete ownership structure of the German stock market, we study the momentum and contrarian trading of different investor groups. Foreign investors and financial institutions, and especially mutual funds, a
Autor:
Klingler, Sven, Syrstad, Olav
Using new transaction-level data for non-financial commercial paper (CP) in the U.S., we show that companies systematically reduce their outstanding short-term debt on quarterly and annual disclosure dates. Constraints on CP lending supply cannot exp
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::7d748acb5299b11b732b1fc202715f12
https://hdl.handle.net/11250/2835493
https://hdl.handle.net/11250/2835493
We use administrative and supervisory data at the bank and loan level to investigate the impact of the introduction of covered bonds on the composition of bank balance sheets and bank risk. Covered bonds, despite being collateralized by mortgages, le
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::cc02c0b167bbc2066ce1d26ac049eb3c
https://hdl.handle.net/10419/246127
https://hdl.handle.net/10419/246127
The finance wage premium since the 1990s has arguably lured talent away from other industries. However, the allocation of talent is likely to respond to differences in career paths, not in wages at a given date. We use resume data to reconstruct the
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::0d5af75d737cef991e12d2bf0b909300
http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/63402
http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/63402