Results 91 to 100 of about 15,467 (237)

Historical case study of a transfer experiment that demonstrated the importance of the estuarine ecosystem for the survival of Chinook salmon (Oncorhynchus tshawytscha) at the Campbell River estuary, British Columbia, Canada

Journal of Fish Biology, EarlyView.
Abstract Estuary dependence to the survival of Chinook salmon was investigated at the Campbell River estuary, British Columbia, Canada. Replicate batches of marked smolts were transferred from a hatchery and released in 1983, 1984 and 1985 at four ecosystems, two that ensured estuarine experience (river, estuary) and two seawards of the estuary ...
Colin D. Levings, J. Steve Macdonald
wiley   +1 more source

Economic policy uncertainty and international corporate leasing

Journal of Financial Research, EarlyView.
Abstract We examine the effect of economic policy uncertainty (EPU) on the corporate lease decision using an international sample of 19 countries. The use of operating leases increases when EPU is heightened. The documented leasing increase is more pronounced for financially constrained firms, firms facing greater operating volatility, or those that ...
Goutham Abotula, Douglas (DJ) Fairhurst, Yoonsoo Nam   +2 more
wiley   +1 more source

The expected inflation risk premium in the U.S. stock market

Journal of Financial Research, EarlyView.
Abstract This article studies how expected inflation risk affects asset prices. We propose an ex‐ante, tradable proxy for this risk, derived from the term spread of gold futures prices. Using cross‐sectional and time series asset pricing tests, we show how an increase in expected inflation risk lowers contemporaneous prices and raises equity returns ...
Pascal Letourneau, Gabriel J. Power, Garrett C. C. Smith   +2 more
wiley   +1 more source

Investor sentiment and stock market returns: A comparative analysis of mood, word, and trade

Journal of Financial Research, EarlyView.
Abstract We examine and compare the return predictability of mood‐, word‐, and trade‐based sentiment measures across 18 international stock markets. Empirical results reveal that the trade‐based measure performs strongly across many settings; the word‐based measure contributes important complementary information, including in cases where the trade ...
Lan Xiang, Wenzhao Wang
wiley   +1 more source

NAVIGATING EXTREME VOLATILITY: RISK-ADJUSTED PERFORMANCE OF INDONESIAN SHARIA FUNDS (2020-2024)

I-Finance
This study aims to analyze the development of Net Asset Value (NAV) and evaluate the performance of Islamic equity mutual funds in Indonesia during the 2020–2024 period using the Sharpe Ratio method as a risk-adjusted performance measure.
Nur Sifa Ulida, Farhadi Arifiansyah
doaj   +1 more source

The Effects of Regulatory Office Closures on Bank Behavior

Journal of Money, Credit and Banking, EarlyView.
Abstract We investigate if the decentralized structure of regulatory office networks influences supervisory outcomes and bank behavior. Following the closure of an office, banks previously supervised by that office increase their lending and risk‐taking.
IVAN LIM, JENS HAGENDORFF, SETH ARMITAGE
wiley   +1 more source

Overconfidence, Excessive Trading, and Fund Performance in Pakistani Open-End Equity Mutual Funds: An Exploratory Analysis of Market State Effects

Journal of Accounting and Finance in Emerging Economies
Purpose: This study examines portfolio turnover — a behavioural proxy for fund-manager overconfidence — and its association with risk-adjusted performance in Pakistani open-end equity mutual funds, and whether this association varies with market state ...
Rohan Yousaf, Faid Gul, Maria Javed
doaj   +1 more source

Another Look at the (Ir)Relevance of Long‐Run Risks for Equity Risk Premia

Journal of Money, Credit and Banking, EarlyView.
Abstract I investigate the empirical asset pricing implications of a three‐factor macro model that extends the baseline consumption model Consumption Capital Asset Pricing Model (CCAPM) by adding the innovations in expected long‐run consumption growth (consumption growth news) and expected long‐run consumption variance (variance news) as risk factors ...
PAULO MAIO
wiley   +1 more source

Countercyclical Return Expectations: Evidence from the Livingston Survey

Journal of Money, Credit and Banking, EarlyView.
Abstract This paper shows that forecasts from professional economists in the Livingston survey imply countercyclical variation in expected excess returns on U.S. stocks. These expectations are approximately rational and strongly positively correlated with expected excess returns from the log‐utility investor of Martin (2017), the habit model of ...
STIG V. MØLLER, THOMAS Q. PEDERSEN, SIGURD A. M. STEFFENSEN, MARTIN M. ANDREASEN   +3 more
wiley   +1 more source

Tackling nonlinear price impact with linear strategies

Mathematical Finance, Volume 35, Issue 2, Page 422-440, April 2025.
Abstract Empirical studies in various contexts find that the price impact of large trades approximately follows a power law with exponent between 0.4 and 0.7. Yet, tractable formulas for the portfolios that trade off predictive trading signals, risk, and trading costs in an optimal manner are only available for quadratic costs corresponding to linear ...
Xavier Brokmann, David Itkin, Johannes Muhle‐Karbe, Peter Schmidt   +3 more
wiley   +1 more source