We investigate the robustness of the long-run underperformance of initial public offering (IPO) and seasoned equity …

and then explores in detail the implications for the ranking of domestic equity mutual funds for June 1997. …

This paper examines the empirical evidence on the cost of equity trades for institutional investors. There is …

equity markets around the world. We also report some new evidence on these cross-sectional relations using data from both U …

estimate the current equity premium. Data before a break are relevant if one believes that large shifts in the premium are … unlikely or that the premium is associated, to some degree, with volatility. The equity excess-return series over two centuries … equity premium. …

Costs of equity for individual firms are estimated in a Bayesian analysis framework using several factor-based pricing … models. Substantial prior uncertainty about mispricing often produces an estimated cost of equity close to that obtained with …

This article provides an overview of the empirical evidence on the magnitude and determinants of equity trading costs …