Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why low volatility works even though it shouldn’t.
Quote of the Day
"Chinese stocks are around 25% to 200% more expensive than Japanese stocks, depending on how you measure them."
(Nick Schmitz)
Research
- What it takes to rescue the value premium from irrelevance. (alphaarchitect.com)
- Can anything be used to time the value factor? (insights.factorresearch.com)
- There is little evidence in favor of SPACs in the academic literature. (evidenceinvestor.com)
- There is no distinct 'sin stock' factor but could arise in the future. (papers.ssrn.com)
- Active management: a great example of why it is so hard to change people's behavior. (evidenceinvestor.com)
- VCs spend more time reading the decks of all-male teams than all-female. (bnnbloomberg.ca)
- Academic economics is increasingly a team sport. (marginalrevolution.com)
