Buyers find the tomes heavy, costly and too frequently revised, while sellers might like to kill the used book market entirely
Sebastian Edwards finds Keynes’ public take-down of Roosevelt’s gold policies still relevant today
A model examines the relationships between innovation, speculation and market values
The relationship between short- and longer-term moving averages has strong predictive power for share price returns
A short squeeze can ripple across short sellers’ positions
A predictive model employs credit default swaps across currencies
Local currency sovereign bonds transfer risk from issuer to buyer
The case for using rising market volatility as a signal to pare back on stocks — does higher risk always mean higher return?
Market concentration, price and quality drive choice of firms
Skewness, measuring the range of biases, strongly suggests rate moves
Ads aimed at brand awareness are shown to be more effective
Andrea Eisfeldt finds that hedge funds with infrastructure to execute sophisticated arbitrage crowd out less-expert investors
Investors in leveraged companies take on extra risk, but research indicates they see no offsetting return
They don’t trade at an absolute equal to intrinsic value, despite their image as the world’s investment bedrock
Private equity investors weigh the total cost of capital — not just debt, but equity as well — when pursuing buyouts
As major central banks adopt digital currency, emerging countries will feel mixed effects