On October 12, 2012, Florida State University hosted a two-hour roundtable panel entitled “Corruption and Manipulation in Sports” in Tallahassee, Florida.1 Panelists included Rick Borghesi, Sean Patrick Griffin, Katarina Pijetlovic, Jeff Reel, and Brian Tuohy. Ryan Rodenberg moderated the...

So-called cryptocurrencies have been in the news quite a lot recently, following Bitcoin trading on 1st September at US$4,904. For devotees of Bitcoin, this price action led to calls that it should now be taken seriously as a legitimate currency, whereas Jamie Dimon is among those who sees the...

Is shareholder interest in corporate social responsibility driven by pecuniary motives (abnormal rates of return) or non-pecuniary ones (willingness to sacrifice returns to address various firm externalities)? To answer this question, we categorize the literature into seven tests: (1) costs of...

The success of so-called neo-brokers has re-sparked the regulatory debate about potentially det- rimental effects of payment for order flow, culminating in a recent proposal by the Commission of the European Union to ban such arrangements. This study presents results of a field experiment...

This paper describes a method and system for quantifying the variances in the semantics and syntax of electronic transactions exchanged between business counterparties. ContextMetrics enables (a) dynamic transformations of outbound and inbound transactions needed to effect...

This research note describes a middleware-based system that enables semantic and syntactic interoperability of transactional data exchanged in real-time between sending and receiving systems. Our system samples transaction streams, and statistically measures the variances in the semantics and...

A widely held belief in financial economics suggests that stock prices always adequately reflect all available information. Price movements away from fundamentals are assumed to occur only infrequently, if at all. „False“ prices are supposed to be corrected by the counter-actions of...

Barberis and Shleifer (2003) argue that style investing generates momentum and reversals in style and individual asset returns, as well as comovement between individual assets and their styles. Consistent with these predictions, in some specifications, past style returns help explain future...

In a chaotic and confusing place as world of investing is, the practitioners, who operate on markets every day, have continuously searched to forecast properly the market movements. More minded to financial speculations, practitioners analyse financial markets looking for potential weaknesses of...

The recent financial crisis renewed concerns about a possible destabilizing impact of derivatives trading. Despite a very active research, the question whether or not derivatives tend to destabilize financial markets has not yet been answered to satisfaction. This contribution aims to revise the...