Stock return predictability by investor sentiment has been subject to constant updating, but reaching a decisive conclusion seems rather challenging as academic research relies heavily on US data. We provide fresh evidence on stock return predictability in an international setting and show that...

This chapter concentrates on the US high-yield bond market as a source of finance for shipping companies. In particular, the anatomy of the US shipping high yield bond market is described in Section 21.2, and the advantages and disadvantages of high-yield bonds for shipping companies are...

We introduce a novel multiple hypothesis testing framework for selecting outperforming mutual funds with control of luck, the functional False Discovery Rate “plus”. We show that our method, which incorporates informative covariates to estimate the false discovery rate, gains considerable...