Results 91 to 100 of about 16,345 (198)
Measuring Thematic Funds Performance via an Approach Based on Observable and Latent Factors
European Financial Management, EarlyView.ABSTRACT This paper investigates whether thematic equity funds deliver abnormal performance relative to conventional global equity funds. Using Fama‐French models augmented with latent factors, we estimate fund‐level alphas, and apply the false discovery rate methodology to an estimated three‐group mixture distribution, separating good, null and bad ...
Maria Debora Braga +2 more
wiley +1 more source
Brand Equity and Debt Diversification
Financial Management, EarlyView.ABSTRACT This study examines how brand equity influences the diversity of firms’ debt structures. We propose that brand equity, by signaling larger and more stable future cash flows and greater product market awareness, alters the fundamental trade‐offs that drive optimal debt type diversity.
David C. Mauer +2 more
wiley +1 more source
Boundaries of Time‐Series Momentum
Financial Management, EarlyView.ABSTRACT Shiller's CAPE, dividend yield, and the government bond yield curve slope are measures of value in equity and bond markets. We find that equity market time‐series momentum performs well in mid‐valuation regimes, but breaks down near historical valuation extremes, where the direction of the equity market commonly turns.
Matti Suominen, Erik Hjalmarsson
wiley +1 more source
When Nature Talks, Markets Move: Forecasting the Equity Premium With Eco‐Climate Incidents
Financial Review, EarlyView.ABSTRACT This paper examines the role of eco‐climate information, particularly biodiversity risks, in forecasting the U.S. equity premium. Using RepRisk controversy data, we construct indicators for biodiversity, greenhouse gas emissions, and local pollution. Biodiversity indicators emerge as strong predictors of the equity premium, outperforming other
Zhiyong Li, Weiping Qin
wiley +1 more source
Trademark Protection and Corporate Leasing: Evidence From a Quasi‐Natural Experiment
Financial Review, EarlyView.ABSTRACT Does protection of trademark‐related intangible capital affect firms’ real contracting decisions? We exploit the Federal Trademark Dilution Act of 1996 (FTDA) as a plausibly exogenous strengthening of legal protection to answer the question.
Cathy X. Cao, Chongyang Chen
wiley +1 more source
Volatility ≠ Risk: When Timing Alpha in Crypto Markets Reflects Mispricing
Financial Review, EarlyView.ABSTRACT Volatility timing in cryptocurrency markets generates significant alpha, but only during periods of loose monetary policy and high uncertainty. Analyzing S&P crypto indices (2017–2023) dominated by large‐cap assets, we show realized volatility can reflect noise‐driven speculative flows, not risk compensation. This effect is strongest for small‐
Arben Kita, Yue Zhang
wiley +1 more source
Wealth Meets Value: The Role of Advice for High Net Worth Individuals
Financial Review, EarlyView.ABSTRACT While financial advice in retail banking frequently fails to generate net‐of‐cost value due to agency conflicts, evidence from the high‐net‐worth segment remains scarce. This paper examines advice effectiveness within a private banking environment characterized by dedicated advisor relationships with two asset‐based compensation models, one of
Maria Maas +3 more
wiley +1 more source
Journal of the European Academy of Dermatology and Venereology, EarlyView.A matching‐adjusted indirect treatment comparison (MAIC) was conducted, comparing approved biologics for long‐term (48–52 weeks) treatment of moderate‐to‐severe hidradenitis suppurativa (HS). Using weighted patient‐level trial data allowed re‐estimation of relative bimekizumab efficacy compared with aggregate secukinumab and adalimumab trial data ...
Thrasyvoulos Tzellos +9 more
wiley +1 more source
Early systemic intervention for vitiligo: A prospective bicentric interventional study
Journal of the European Academy of Dermatology and Venereology, EarlyView.Patients with non‐segmental vitiligo were enrolled into three groups according to the duration and activity of their disease. All subjects received NB‐UVB phototherapy and an oral mini‐pulse of systemic corticosteroids twice weekly for 6 months. Early systemic treatment allows better repigmentation, including in difficult‐to‐treat areas.
Clemence Bertold +8 more
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 +2 more
wiley +1 more source