Topic: Investing

Closeup shot of newspapers Research Brief / Finance

Does Big News Drown Out Corporate Earnings Disclosures?

Henry Friedman’s research finds, surprisingly, that major economic news actually heightens attention paid to company announcements

A group of people on separate phone lines Research Brief / Markets

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

Research Brief / Investing

GameStop Aside, Retail Investors Might be Terrible at Momentum Investing

Using Chinese A and B shares, institutional players outperform individuals

Two people sit opposite of each other while working on their laptops Research Brief / Investing

Heading for a Divorce? Might Want to Go Easy on Stock Picking

Active traders lose their edge as a marital breakup approaches

Illustration of a woman with reflection of line chart going up Research Brief / Investing

How an Excess of Stock Analyst Optimism Lands on Companies Least Deserving of It

Results of financially weak firms are difficult to forecast; in uncertainty, Wall Street’s views are overly generous

Lettered wooden pieces arranged to spell the words "stock" and "bond". The two words share a single "O" piece. Research Brief / Corporate Investment

How Bond and Stock Prices Combine to Influence Corporate Investment

Equity volatility can encourage — or dampen — investment, depending on a firm’s bond spread

Illustration of a man looking at a stock chart Research Brief / Corporate Investment

How ETFs Muffle Stock Market Feedback to Managers

The rise of passive investing leaves companies mistrusting market signals on how best to deploy capital

New York Met Life building Research Brief / Investing

How Life Insurers Insulate the Markets from Turmoil

Valentin Haddad’s research finds that insurers’ patient investing shields risky assets — and those who hold them — from steeper declines

Illustration of a man stressed by laptops, smartphones Research Brief / Investing

How Tech’s Disruption Alters Investors’ Appetite for Risk

New technology’s upending of the old creates demand for alternative assets to offset risk

Illustration of a balance Research Brief / Investing

How Very Small Stocks Skew Investing Wisdom

Well-known market anomalies are largely absent among the biggest stocks

Illustration of a character wearing a hat covering their ears Research Brief / Investing

Ignorance — About One’s Investments, Anyway — Isn’t Always Bliss

Valentin Haddad’s research looks at the phenomenon of “information aversion,” when individual investors stop tracking their portfolios for fear of bad news

Chinese investors having a discussion Research Brief / Investing

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

Earnings statement Research Brief / Wealth Inequality

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

Illustration of a woman crossing a ravine on top of money Research Brief / Venture Capital

Lending to Startups: Not as Risky as You’d Think

Entrepreneurs borrow between equity funding rounds with a strong record of repaying debts

LED stock market ticker Research Brief / Stock Returns

Low-Quality Earnings: The Uncoupling of Stock Price from Fundamentals

Studying Chinese A and B shares reveals investor uncertainty

A bubble refracts light and the image of a window Research Brief / Markets

Market Bubbles Aren’t Entirely Irrational Exuberance

A model examines the relationships between innovation, speculation and market values