Results 31 to 40 of about 84,200 (47)
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Generative AI and Asset Management
The Review of financial studiesUsing a novel measure of investment companies’ reliance on generative artificial intelligence (GenAI), we document a sharp increase in GenAI usage by hedge funds after ChatGPT’s 2022 launch.
Jinfei Sheng +3 more
semanticscholar +1 more source
Cross-Sectional Identification of Private Information
Review of Asset Pricing StudiesWe propose a new private information measure based on a model of strategic trade optimization in the cross section of securities. Investors receive liquidity and private information shocks and optimize trading across securities, accounting for price ...
D. Bongaerts +2 more
semanticscholar +1 more source
Mutual Funds’ Strategic Voting on Environmental and Social Issues
Review of FinanceEnvironmental and social (ES) funds in non-ES families must balance incorporating the stakeholders’ interests they advertise and maximizing shareholder value favored by their families. We find that these funds support ES proposals that are far from the
Roni Michaely +2 more
semanticscholar +1 more source
Social Science Research Network
We examine the hedging and safe-haven characteristics of gold, silver, platinum, and palladium and three major indices in the US market. The metal markets are known for their hedging characteristics during financial distress.
A. Banerjee, H. Pradhan
semanticscholar +1 more source
We examine the hedging and safe-haven characteristics of gold, silver, platinum, and palladium and three major indices in the US market. The metal markets are known for their hedging characteristics during financial distress.
A. Banerjee, H. Pradhan
semanticscholar +1 more source
Financial Reporting and Consumer Behavior
Accounting ReviewWe show that financial reporting influences consumer behavior by drawing consumer attention to announcing firms. Analyzing global positioning system (GPS) data, we document upticks in foot traffic to firms’ commercial locations immediately following ...
Suzie Noh, Eric C. So, Christina Zhu
semanticscholar +1 more source
Beliefs about the Stock Market and Investment Choices: Evidence from a Survey and a Field Experiment
The Review of financial studiesWe survey retail investors at an online bank to study how beliefs about the autocorrelation of aggregate stock returns shape investment decisions measured in administrative account data.
Christine Laudenbach +3 more
semanticscholar +1 more source
Specialization and performance in private equity: Evidence from the hotel industry
Journal of Financial EconomicsWe show that PE sector specialists outperform generalists at every stage of the investment life cycle. Using granular data for thousands of U.S. hotels over the last two decades, we document that specialist PEs exert a greater positive influence on more ...
C. Spaenjers, Eva Steiner
semanticscholar +1 more source
The Effects of Macroeconomic Shocks: Household Financial Distress Matters
The Review of financial studiesWhen a macroeconomic shock arrives, variation in household balance sheet health (captured by the presence of financial distress, or “FD”) leads to differential access to credit and hence a distribution in consumption responses.
José Mustre-del-Ŕıo +3 more
semanticscholar +1 more source
Moving the Goalposts? Mutual Fund Benchmark Changes and Relative Performance Manipulation
The Review of financial studiesWe analyze changes to mutual funds’ self-declared benchmarks using hand-collected data from funds’ prospectuses. Under existing rules, funds can freely change their benchmark indexes and, implicitly, the historical returns to which they compare their ...
Kevin Mullally, Andrea Rossi
semanticscholar +1 more source
Renewable Energy and Equilibrium Hedging in Electricity Forward Markets
Energy JournalWe study the impact of renewable energy on forward markets for electricity. Previous literature shows that forward prices are determined by time-varying demand and volatile spot prices.
Sebastian Schwenen, K. Neuhoff
semanticscholar +1 more source