Accurate, Focused Research on Law, Technology and Knowledge Discovery With Daily Postings Since 2002
Duan, Yaxin, Fund Flow Betas and the Cross-Section of Stock Returns (August 8, 2014). Available for download at SSRN: http://ssrn.com/abstract=2478033 “I document a robust new fact about the cross-section of stock returns: stocks whose returns co-vary more with flows into the entire mutual fund sector earn significantly higher average returns. I consider three potential explanations for …
Toda, Alexis Akira and Walsh, Kieran James, Fat Tails and Euler Equations: A Monte Carlo Study (September 11, 2014). Available for download at SSRN: http://ssrn.com/abstract=2495151 “The Euler equation estimation of heterogeneous-agent consumption-based asset pricing models is challenging because the cross-sectional consumption distribution may have fat tails and is measured with error. We generate asset returns and …
CDT – “For anyone that has traveled or lived abroad, you’ve probably noticed that most of the rest of the world has chips in their credit cards. These chips are soon coming to the United States (some are already here, and many retailers will have chip card readers in place by October 2015), and they …
Fitch Ratings-New York-11 September 2014 [All opinions expressed are those of Fitch Ratings.]: Tuesday’s unveiling of Apple Pay is widely expected to further bolster growth of the evolving mobile payments landscape. Apple may be better positioned to succeed where other institutions have had limited success given the company’s financial resources and history of strong new …
“CPJ began compiling detailed records on journalist deaths in 1992. We apply strict journalistic standards when investigating a death. One important aspect of our research is determining whether a death was work-related. As a result, we classify deaths as “motive confirmed” or “motive unconfirmed.” We consider a case “confirmed” only if we are reasonably certain that …
