Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the Popularity Asset Pricing Model.
Quant stuff
- Finance research can go badly astray without some domain knowledge. (mathinvestor.org)
- Humility in the face of data uncertainty. (priceactionlab.com)
Corporate finance
- Company analysts days are, on average, successful at boosting the company's stock price. (papers.ssrn.com)
- Companies that get blindsided by a competitor ramp up their R&D spending. (papers.ssrn.com)
- Are oil executives paid for luck? Yup. (papers.ssrn.com)
Timing
- The stock market performance performs worse when both sentiment and momentum are negative. (frbsf.org)
- Is factor timing worth the effort? (morningstar.com)
- Institutional investors are no better at timing the market than retail investors. (institutionalinvestor.com)
Research
- Is multi-manager diversification worth the hassle? (blog.thinknewfound.com)
- How to really use the CAPE ratio to your advantage. (mebfaber.com)
- How much of the value factor do smart beta value ETFs actually capture? (factorresearch.com)
- Less experienced investors tend to herd. (alphaarchitect.com)
- Why hedge funds get involved in VC: domain expertise. (allaboutalpha.com)
- Low fees matter. (wsj.com)