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The notion of empty voting, or borrowing shares of stock in order to vote without an equivalent economic interest, has captured the attention of both the financial press and financial researchers. We investigate the securities lending market around proxy record dates for evidence of proxy abuse....
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We examine the changes in order flow on NASDAQ from 1993 through 2010. We find that while volume and the number of trades are increasing for NASDAQ-listed securities, the percentage of volume that executes on NASDAQ declines from almost 100% in the 1990's to less than 40% in 2010. We examine the...
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This paper examines college football point spreads. We find that the betting spread is a good predictor of outcome for college football games during the regular season, but not for bowl games. Our sample of betting line spreads cluster around 3 points (field goal) and 7 points (touchdown/extra...
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