Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the replication crisis in finance.
Quote of the Day
"Markets price securities to provide investors adequate compensation for bearing uncertainty. For those wondering whether the technologies developed by Tesla, Facebook, Alphabet, and their peers somehow change this basic principle, the answer is an emphatic “No.”
(Gerard O'Reilly)
Research
- Putting some numbers to the impact of rising retail equity trading. (papers.ssrn.com)
- Why short sellers can't necessarily rein in a bubble. (papers.ssrn.com)
- A round-up of recent research on equity factor risk including 'What’s up with Momentum?' (capitalspectator.com)
- Portfolio managers favor ESG factor to cater to investor demand. (papers.ssrn.com)
- Shocked to hear that PE firms might manipulate returns when they are out fundraising. (institutionalinvestor.com)
- To identify fraud and deception you need to use text analysis. (blogs.cfainstitute.org)
