The market penalizes customers' shares more than those of the polluter
Investors in leveraged companies take on extra risk, but research indicates they see no offsetting return
Research measures the impact of global economic factors on returns
Studying Chinese A and B shares reveals investor uncertainty
Avanidhar Subrahmanyam studies how some investors’ gambling mentality affects share prices
A scan of a million brokerage accounts finds the wealthy trade ahead of market-moving news
Well-known market anomalies are largely absent among the biggest stocks
New technology’s upending of the old creates demand for alternative assets to offset risk
An analysis of warrant trading reveals individuals’ poor grasp of complex securities
Results of financially weak firms are difficult to forecast; in uncertainty, Wall Street’s views are overly generous
Patterns in corporate bond returns include abrupt short-term performance reversals and “momentum” waves that persist
The rise of passive investing leaves companies mistrusting market signals on how best to deploy capital
After a quarter century of sprawling study, it’s time to narrow the focus and settle on an explanation
The relationship between short- and longer-term moving averages has strong predictive power for share price returns
The case for using rising market volatility as a signal to pare back on stocks — does higher risk always mean higher return?
Less sophisticated investors reveal their sentiment in certain trades, and a 20-year study measures it company by company