This paper examines time-series patterns of external financing decisions and shows that publicly traded U.S, firms fund a much larger proportion of their financing deficit with external equity when the cost of equity capital is low. The historical values of the cost of equity capital have...

En este documento analizamos la correlación lineal y la dependencia de colas entre los fondos de cobertura denominados market neutral y la cartera de mercado condicionado en el ciclo económico. Documentamos que la baja correlación entre estos fondos y el índice S&P 500 resulta de la...

Approximately 50% of the households in America invest in the stock market. In many cases the investor's buy and hold strategy leads to negative returns. Given the stock market fluctuates up and down as time progresses, analysts examine stock prices, volumes traded and ratios to recommend buy and...