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Do the Rich Know Better? – University Endowment Return Inequality Revisited

Chen, Tuo - 2016

This paper revisits capital return inequality across university endowments. It combines university-level data on endowment size, investment returns, and portfolio allocations into a unified dataset. Using panel data regression, we replicate Piketty (2014)’s finding of a strong impact of size...

Persistent link: https://www.econbiz.de/10014127487

Share repurchases : an empirical investigation of long-horizon security performance

Voetmann, Torben - In: Corporate decisions and capital market reactions : an …. 2000

Persistent link: https://www.econbiz.de/10001541079

Do Mutual Funds Perform When it Matters Most to Investors? U.S. Mutual Fund Performance and Risk in Recessions and Expansions

Kosowski, Robert L. - 2011

This paper shows that the stylized fact of average mutual fund underperformance documented in the literature stems from expansion periods when funds have statistically significant negative risk-adjusted performance and not recession periods when risk-adjusted fund performance is positive. These...

Persistent link: https://www.econbiz.de/10013121165

Is There a Latent Factor in Stock Returns?

Gatfaoui, Hayette - 2017

The measurement problems encountered while trying to exhibit the influence of market risk factor on asset returns may be numerous. It seems then difficult to highlight the unique common latent factor underlying stock return evolutions in the market. So far, excess return relationships are mainly...

Persistent link: https://www.econbiz.de/10014058282

Asymmetric News Repetition and the Cross-Section of Stock Returns

Li, Ruicong - 2021

This paper studies the implications of disclosure repetitiveness on firm performance, information processing costs, and … returns are positively (negatively) correlated with NRR (SRR) and that investors under-react to information in NRR. A … obfuscate unfavorable information, while the investors incorporate this information slowly due to limited attention …

Persistent link: https://www.econbiz.de/10013313217