This paper examines the cross-sectional properties of stock return forecasts based on Fama-MacBeth regressions using all firms contained in the STOXX Europe 600 index during the September 1999-December 2018 period. Our estimation approach is strictly out-of-sample, mimicking an investor who...

This paper evaluates the performance of machine learning methods in forecasting stock returns. Compared to a linear benchmark model, interactions and non-linear effects help improve predictive performance. But machine learning models must be adequately trained and tuned to overcome the high...

Cross-border acquisitions lead to significant improvements in shareholder rights and more dispersed ownership structures in a large sample of intra-European takeovers. This is evidence of corporate governance convergence toward the Anglo-Saxon system through cross-border takeovers. However, we...

UCITS funds are mutual funds that are regulated by pan-European guidelines and can easily be distributed throughout Europe. We study the empirical performance of a survivorship bias-free sample of alternative UCITS funds. Most importantly, as alternative UCITS funds are often marketed as...