Area: Finance
In a Crisis, Solvent Borrowers are Overcharged, Subsidizing Troubled Bank Clients
An unusual data trove from Greece’s economic collapse reveals the practice
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
Inclusion in an ETF Can Improve the Pricing of Underlying Stocks
It can also help management make capital expenditure decisions
It’s a Startup — and Almost Certainly a Future Acquisition by a Tech Giant
Patent histories show entrepreneurs focused on exit strategy
LA Residents Exposed to Wildfire Smoke Face Heightened Health and Financial Risk
Far from burn zones, especially for renters and those with iffy credit, money troubles follow fires
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
Lending to Startups: Not as Risky as You’d Think
Entrepreneurs borrow between equity funding rounds with a strong record of repaying debts
Less Leveraged Than the Competition: Ready to Snag Distressed Assets in a Recession
When bad times hit, highly indebted companies often have to sell operations and equipment at fire-sale prices
Loan Pool Covenants, Meant to Contain Risk, Can Instead Spread It
Forced sale of assets could stretch illiquidity across industries
Local Banks Provide an Early Warning System on Recessions
When they’re forced to pay up for deposits, it’s a bad sign for area’s economy
Local-Level Mortgage Lending: How Competition Pushes Rates Higher, Not Lower
A study finds unexpected impact when a disruptive player enters market
Locally, the Extent of British Rule in India Still Holds Back Economic Opportunity
Areas under direct rule lost the components of human capital
Looming Risk to Financial System: $1 Trillion in Commercial Loan Pools
Known as collateralized loan obligations, their aim is actually to reduce risk
Middlemen: Matchmakers or Sources of Strategic Information?
Probing that question using a database of for-sale-by-owner home listings
Momentum Investing: It Works, But Why?
After a quarter century of sprawling study, it’s time to narrow the focus and settle on an explanation
Mortgage Prepayments: Factors beyond Interest Rate Movements
A model estimates the impact of economic variables on the pricing of prepayment risk