Results 141 to 150 of about 156,527 (368)
Economic Inquiry, EarlyView.Abstract This study replicates and extends Baker and Wurgler's (2006) analysis on investor sentiment's impact on stock returns. We confirm their findings by demonstrating the significant cross‐sectional effect of sentiment in both their original sample (1963–2002) and a new sample (2002–2023).
Kaiwen Leong +4 more
wiley +1 more source
Sources of financial synchronism: Arbitrage theory and the promise of risk-free profit
Finance and Society, 2018 This article argues that the temporality of the financial economy ought to be seen as radically synchronistic. ‘Synchronism’ refers to both an epistemological and practical approach that addresses finance neither with a view to the past nor to the future,
Andreas Langenohl
doaj +1 more source
In traditional models, arbitrage in a given security is performed by a large number of diversified investors taking small positions against its mispricing.
Andrei Shleifer, Robert W. Vishny
core
Anchoring in Takeovers Under Mandatory Bid Rule: Evidence From an Emerging Market
Economics of Transition and Institutional Change, EarlyView.ABSTRACT This article documents the existence of an anchoring bias in the pricing and acceptance of takeover bids in a blockholder regime where the mandatory bid rule applies. Our analysis, performed on the Romanian market for corporate control, shows that the 52‐week high price of the target and the pricing of direct privatisations conducted by the ...
Adrian Pop, Diana Pop
wiley +1 more source
Inter-market Arbitrage in Sports Betting [PDF]
Unlike the existing literature on sports betting, which concentrates on arbitrage within a single market, this paper examines inter-market arbitrage by searching for arbitrage opportunities through combining bets at the bookmaker and the exchange market.
Egon Franck +2 more
core
AN ARBITRAGE RATIONALE FOR TESTS OF MUTUAL FUND PERFORMANCE [PDF]
, 1979 Ken V. Peasnell +2 more
openalex +1 more source
, 2018 We argue that post-crisis banking regulations pass through from regulated institutions to unregulated arbitrageurs. We document that, once post-crisis regulations bind post 2014, hedge funds use a larger number of prime brokers and diversify away from ...
Nina Boyarchenko +4 more
semanticscholar +1 more source
The Economic History Review, EarlyView.Abstract Sustained long‐distance trade in the early modern era necessitated institutional mechanisms capable of solving three interrelated challenges: the need to mobilize an unprecedented volume of capital and to lock it in for long periods of time, ways of mitigating the principal–agent problem across continents, and methods to internalize and ...
Juan José Rivas Moreno
wiley +1 more source
EnergiesThis paper presents an economic assessment of seawater thermal energy storage (TES) integrated with industrial heat pumps to couple renewable electricity generation with urban district heating networks.
Timur Abbiasov +5 more
doaj +1 more source