Since momentum arbitrage activity, buying winners and selling losers, effectively enlarges the return spread between these two groups, I find that the momentum spread (the difference of the formation-period recent 6-month returns between winners and losers) negatively predicts future momentum...

We examine the pricing implications of reaching for yield, which we define as a preference for bonds with higher yields at a given rating or for bonds with higher ratings at given yields. Reaching for yield is associated with high valuation and thus negatively predicts cross-sectional bond...

Global shifts in perspectives on environmental concerns and the growing significance of large-scale sustainability programs have brought the issue of green financing to the fore of financial research. In terms of volume, this area has demonstrated high growth rates in various types of capital...