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Trading volume, heterogeneous expectations, and earnings announcements

Dinh, Thanh Huong; Gajewski, Jean-François - In: The journal of behavioral finance : a publication of … 16 (2015) 4, pp. 327-343

Persistent link: https://www.econbiz.de/10011566147

Positive Profits in Competitive Credit Markets With Adverse Selection

Bernhardt, Dan - 2020

We analyze competitive credit markets with asymmetric information in which borrowers seek financing for either positive or negative net present value projects. The striking result is that there always exists an equilibrium where investment is efficient, while competitive lenders make strictly...

Persistent link: https://www.econbiz.de/10012834214

Absorption of EU funds in the context of Polish enterprises competitiveness measured by profitability ratios

Wildowicz-Giegiel, Anna; Wyszkowski, Adam - In: Oeconomia Copernicana 6 (2015) 1, pp. 113-123

Persistent link: https://www.econbiz.de/10011503379

Can Mutual Funds Profit from Post Earnings Announcement Drift? The Role of Competition

Ali, Ashiq - 2020

This study examines how competition affects the profitability of mutual funds' trading on the post earnings … significant outperformance, funds that manage to avoid competition do deliver superior performance. Further, funds stay away from … crowded trades by investing in illiquid stocks. Our evidence suggests that when there is a lack of competition, trading costs …

Persistent link: https://www.econbiz.de/10012857315

Can mutual funds profit from post earnings announcement drift? : the role of competition

Ali, Ashiq; Chen, Xuanjuan; Yao, Tong; Yu, Tong - In: Journal of banking & finance 114 (2020), pp. 1-19

Persistent link: https://www.econbiz.de/10012489018

Competition for attention in the ETF space

Ben-David, Itzhak; Franzoni, Francesco; Kim, Byungwook; … - 2021

The interplay between investors' demand and providers' incentives has shaped the evolution of exchange-traded funds (ETFs). While early ETFs offered diversification at low cost, later ETFs track niche portfolios and charge high fees. Strikingly, over their first five years, specialized ETFs lose...

Persistent link: https://www.econbiz.de/10012421474

Promoting Competition in the Distribution of Mutual Funds : Lessons for Securities Markets Regulatory Authorities in Emerging Market Economies

World Bank Group - 2017

regulation can promote competition in mutual funds (MFs) distribution. In many emerging market economics (EMEs) where both the … manufacture. However, different forces are opening the doors to competition in the distribution channels including (i) a higher … mobile services; and (iii) regulatory reforms, some of them explicitly aimed at increasing competition. These forces are …

Persistent link: https://www.econbiz.de/10012645510