Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the corporate bond factor zoo.
Quote of the Day
"Sadly, individual investor trading driven by attention leads to poor returns."
(Larry Swedroe)
Corporate finance
- Why aren't corporate bankruptcies higher already? (mailchi.mp)
- CEOs who take responsibility for firm performance get better marks. (sciencedirect.com)
- How AI can be used to identify information in conference calls. (alphaarchitect.com)
- Companies with available, undrawn lines of credit outpeform. (papers.ssrn.com)
Global
- How will aging populations affect economic growth and stock returns? (morningstar.com)
- Capitalism is good for equity returns, the case of Latin America. (mailchi.mp)
Benchmarks
- How to identify the best fund benchmark. (insights.finominal.com)
- Alpha and excess returns are not the same thing. (fwpwealth.com)
Research
- Research shows the classic short-term reversal effect has steadily weakened over time. (papers.ssrn.com)
- How many factors do you need to span the factor zoo? (papers.ssrn.com)
- Market cap and trading volume are imperfectly correlated. (quantrocket.com)
- On the impact (or not) of green bonds. (papers.ssrn.com)
- Vanguard research on equity asset location. (corporate.vanguard.com)
- Finfluencers exist in a regulatory gray area. (papers.ssrn.com)
- Where did the CFA Institute go wrong? (klementoninvesting.substack.com)
