Topic: Stock Returns

A black and white illustration of a wave made of 100-dollar bills Research Brief / Investing

Across 145 Years and 17 Countries, a Common Thread in Risky Credit Booms

Do investors misprice assets, revise their risk appetite or make some other misjudgment?

An overhead photo of two gentlemen on love seat one of whom is shaking hands with a man in an orange chair Research Brief / Mergers and Acquisitions

Face-to-Face Meetings, Before an Acquisition, Improve Outcomes for Buyers

Acquiring companies appear to get a better deal following frequent in-person meetings

A collage of faces in white frames on a light green background Research Brief / Investing

How a Stock Analyst’s Face Affects Their Earning Estimates

Trustworthy and dominant-seeming men: access to corporate management. Dominant-seeming women: not so much.

A lone red char in empty office. Research Brief / Investing

As Concentrated Shareholder Ownership Rises, Wages and Employment Suffer

Where big investors gather, corporate wealth is reallocated away from workers

An illustration of a man at the end of a cliff trying to pull up a coin tied to a string Research Brief / Markets

Options Market Signals Scope of Federal Reserve Interventions

Traders see an implicit promise beyond specific asset purchases

A crowd of people with their backs facing the viewer Research Question / Investing

When Individuals Concentrate in a Stock, Earnings Surprises Play Out Differently

Price movements can be more extreme

An illustration in green of a lightbulb made up of various icons including a dollar sign, a piggy bank and the earth. Research Brief / Investing

ESG Investors in China Focused on Profit Potential of Climate Change

Less attention to downside of nation’s carbon-neutral goals

Visual illustration of data Research Brief / Investing

A Solution to the Debate over Momentum’s Cause?

Investors may underreact when information arrives in small, continuous bits

Illustration of a tightrope walker Research Brief / Investing

The Collective Wisdom of Options Trades as Interest Rate Predictor

Skewness, measuring the range of biases, strongly suggests rate moves

A metal trash can containing four wadded up pieces of paper Research Brief / Investing

46 Possible Stock Market Strategies from Academics Get a Retest

We won’t call it debunking, but not all investing tips hold up

Collage of trademark symbols Research Question / Investing

Underappreciated Investment Edge: Company Trademark Filings

Not part of financial reporting, trademark activity predicts stock returns

Close up of a smartphone Research Brief / Investing

GameStop Aside, Retail Investors Might be Terrible at Momentum Investing

Using Chinese A and B shares, institutional players outperform individuals

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

Graphic of investor leisurely sitting in front of an investment terminal reading a book Research Brief / Investing

As Passive Investing Spreads, Overall Market Becomes Less Competitive

Active investors take up some — but not all — of the slack created by index funds

Lehman Brothers building on September 15 Research Brief / Investing

When Financial Intermediaries Sneeze, These Assets Catch a Cold

Some investment vehicles are more reliant than others on the health of trading firms

Computer screen with stock trading software Research Brief / Trading

One Data Set That Warns Against Margin Trading

As a group, Chinese futures traders more likely to suffer margin call than to profit