We examine the profitability of the momentum and contrarian strategies in three South Asian markets, i.e., Bangladesh, India, and Pakistan. We also analyze, whether credit risk influences momentum and contrarian return for these markets from 2008 to 2014. We use default risk that relates to...

Corporate loans increasingly have become an important part of portfolio management with the advent of a liquid and transparent secondary market. This paper examines the pricing of characteristics and betas in the cross-section of expected loan returns. Expected loan returns decrease with default...

This paper provides evidence that a change in the surrounding risk-taking environment, via increased casino access, affects investors' subsequent willingness to take portfolio risk. Using the initial legalization and opening of commercial casinos in the United States as a quasi-natural...