We examine the profitability of implementing a short term trading strategy based on predicting the error in analysts' earnings per share forecasts using publicly available information. In the 1998-2010 I/B/E/S data, the strategy of taking a long (short) position in stocks with the most...

This paper examines behavioral aspects of insurance adoption by households, applied to mortgage insurance. Using a comprehensive dataset, I show that households who are more financially literate, more financially active, less risk averse and those with a higher locus of control are significantly...

Is there a conflict of interest between households and mortgage intermediaries when originators keep mortgages on their balance sheet? This paper shows that in an originate-to-hold setting, intermediaries are not systematically underwriting mortgages that exceed acceptable underwriting criteria...

The article analyses the impact of homeownership on neighbourhood safety and neighbourhood satisfaction, using a unique panel dataset for the city of Rotterdam. The results show that there are significant, but economically small, effects of homeownership on safety and satisfaction. Moreover, the...

Does homeownership benefit neighborhoods? We analyze two specific positive externalities of homeownership in neighborhoods: perceived safety and neighborhood satisfaction. Our analysis addresses two important questions: ëHow does the causal relation run between homeownership-rates and...

This paper analyzes how financial literacy and reported willingness to take financial risk impact a household’s choice of mortgage type. The results show that households reporting higher financial literacy and lower risk aversion are 55 to 97 % more likely to opt for interest-only mortgages....

We document the first empirical evidence on aggregate equity fund flows determinants for the European fund industry. Changes in the long-term interest rate, market returns and fund performance are significant determinants. Furthermore, we profoundly analyze the interrelationship between...

Despite the wide acceptance of return-based style analysis, the method has several limitations. One important drawback is the assumption that style exposures are time-invariant. We apply results on break tests developed in Bai and Perron (1998, 2003) to test for style breaks. We find strong...

In the current paper, we apply a citation analysis, a limited content analysis and an analysis of authorship to the first decade of the European Accounting Review (EAR). Based on results from our citation analysis, we conclude that EAR contributed to the advancement of accounting knowledge. In...

Analysts' forecasts are often used as an information source by other investors, and therefore deviations from optimal forecasts are troublesome. Herding, which refers to imitation behavior as a consequence of individual considerations, can lead to such suboptimal forecasts and is therefore...