Is shareholder interest in corporate social responsibility driven by pecuniary motives (abnormal rates of return) or …

many questions asked. We show how stablecoins can maintain a constant price even though they face run risk and pay no … interest. Stablecoin holders are indirectly compensated for stablecoin run risk because they can lend the coins to levered … stablecoin can support a $1 peg even with higher levels of run risk …

machine learning model specifications. Each investor forms return forecasts from their own specific model using data inputs … disagreement and future returns. A decile spread portfolio that is short stocks with high forecast disagreement and long stocks …

This paper reviews recent developments in macro and finance on the relationship between financial risk and the real …-term decline - in the variance risk premium, and time variation in conditional skewness. We also introduce two new data series …

is partially segmented from other financial markets: the prices of short-rate and bond supply risk are set by specialized …

to earn higher returns, or investing more broadly to reduce risk through diversification. Using a novel, deal …, but are also the least risky. Returns and risk are both increasing in industry or geographic concentration. And while GP …-specific return variation (e.g., skill) only accounts for 4%-6% of the total return variation of a typical investment, it accounts for …