SEC encourages graphics in disclosures, but this practice may help executives more than shareholders
As index fees decline, will funds draw big money away from bonds?
Do investors misprice assets, revise their risk appetite or make some other misjudgment?
Acquiring companies appear to get a better deal following frequent in-person meetings
Trustworthy and dominant-seeming men: access to corporate management. Dominant-seeming women: not so much.
Where big investors gather, corporate wealth is reallocated away from workers
Traders see an implicit promise beyond specific asset purchases
Price movements can be more extreme
Less attention to downside of nation’s carbon-neutral goals
Investors may underreact when information arrives in small, continuous bits
Skewness, measuring the range of biases, strongly suggests rate moves
We won’t call it debunking, but not all investing tips hold up
Not part of financial reporting, trademark activity predicts stock returns
Using Chinese A and B shares, institutional players outperform individuals
Equity volatility can encourage — or dampen — investment, depending on a firm’s bond spread
Active investors take up some — but not all — of the slack created by index funds