Area: Finance
Largest Firms’ Stock Gains Skew Big Picture on Worker-Owner Income Division
Wage earners get larger (relative) share at smaller companies, not at giants like Apple, Alphabet and Amazon
Clues to the Market When Mortgage Originators Delay Securitization
With high-quality borrowers hard to judge from afar, Alt-A market offers quiet signal on creditworthiness
The Strange Case of the Missing Stock Market Return
Investors in leveraged companies take on extra risk, but research indicates they see no offsetting return
Local-Level Mortgage Lending: How Competition Pushes Rates Higher, Not Lower
A study finds unexpected impact when a disruptive player enters market
Some Homeowners Pay Their Underwater Mortgages Until the Government Offers a Better Option
Federal loan modification program led borrowers to default
When Homeowners Confide in Google, Forecasters See Clues to Mortgage Defaults
Researchers developed an index that warns earlier than others about approaching home loan problems
Bringing a Sharper Focus to the Study of the Decline of Investment Diversification
Research measures the impact of global economic factors on returns
The Housing Meltdown Would Have Been Far Worse Without California’s Anti-Foreclosure Laws
Restraining lenders saved hundreds of billions in home value
You Call That Fun? Why Individual Stock Investors Bother
Avanidhar Subrahmanyam studies how some investors’ gambling mentality affects share prices
When Younger Investors Overreact to News, Others Feel It
Inexperienced investors, lacking historical context, impact markets
In China, Big Investors Have Brilliant Timing ― Or Do They Know Someone?
A scan of a million brokerage accounts finds the wealthy trade ahead of market-moving news
Are Interest Rates Really So Low?
Adjusting for inflation — and, crucially, for taxes — shows bond investors fare better than they might think
How Tech’s Disruption Alters Investors’ Appetite for Risk
New technology’s upending of the old creates demand for alternative assets to offset risk
Financial Constraints on Intermediaries Cause Asset Mispricing
Real-world bond data reveals how the capital positions and liquidity of middlemen affect prices of securities they broker
Sizing Up the Measurable Good of Affirmative Action
An economic model sets aside who loses and focuses on efficiency and overall growth
Single-Family Rentals: What Drives Investor Return?
A unique data set provides fresh insights for the growing institutional investor market