Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how activist investors influence company acquisitions.
Research round-ups
- A round-up of recent articles on asset allocation. (allocatesmartly.com)
- The top research whitepapers from February 2018. (savvyinvestor.net)
C-suite
- Markets take note when company execs jump on the corporate jet for investor roadshows. (papers.ssrn.com)
- When activists join a board they try to head right to the compensation committee. (wsj.com)
- CEOs love to cut investment spending right before their equity vests. (hbr.org)
- What CEO characteristics made a difference during the GFC. (papers.ssrn.com)
Macro
- Are S&P 500 companies really paying out all their earnings in buybacks and dividends? (papers.ssrn.com)
- The real risk-free rate has been dropping for decades, but the return on investment has not. (ritholtz.com)
- How to use macroeconomic indicators for tactical asset allocation. (academicinsightsoninvesting.com)
Hedge funds
- Good luck using a model to generate hedge fund return predictions. (papers.ssrn.com)
- Long-short equity and market neutral mutual funds have a pretty dismal track record. (etf.com)
Research
- The case for active management: the universe of securities is ever-changing. (cfapubs.org)
- Why momentum investing works from a behavioral perspective. (behaviouralinvestment.com)
- When running tactical strategies don't underestimate the role of diversification in signals and assets. (blog.thinknewfound.com)
- High dividend strategies are not particularly attractive. What are the options? (factorresearch.com)
- On the profitability of shorting leverage ETP pairs. (papers.ssrn.com)
- Research shows most pension plans are overdiversified. (cfapubs.org)
- Decision fatigue is real: the case of analyst forecasts. (papers.ssrn.com)
- A talk with StockTwits data scientist Garrett Hoffman. (breakthroughanalysis.com)
- When should a hockey coach pull the goalie? (papers.ssrn.com)