Dynamic Asset Sales with a Feedback Effect
AbstractI analyze a dynamic model of over-the-counter asset sales in which the seller receives stock-sensitive compensation, and the transaction conveys information about the firmâs value. I examine...
View ArticleFinancial Literacy Externalities
AbstractWe use unique administrative data and a quasi-field experiment of exogenous allocation in Sweden to estimate medium- and longer-run effects of peoplesâ exposure to financially literate...
View ArticleResiliency and Stock Returns
AbstractWe present resiliency as a measure of liquidity and assess its relationship to expected returns. We establish a covariance-based measure, RES, that captures opening period resiliency, and use...
View ArticleGovernment as Customer of Last Resort: The Stabilizing Effects of Government...
AbstractI document a beneficial effect of the governmentâs participation in product markets. Exploiting the 2008â2009 financial crisis as a natural experiment, I show that federal procurement...
View ArticleEmployment Protection, Investment, and Firm Growth
AbstractWe exploit the adoption of U.S. state-level labor protection laws to study the effect of employment protection on corporate investment rates and sales growth. We find that, following the...
View ArticleFinancial Illiteracy and Pension Contributions: A Field Experiment on...
AbstractI conduct a field experiment to study the relationship between peoplesâ misunderstanding of compound interest and their pension contributions in rural China. I find that explaining the...
View ArticleErratum
In the version of âOver-the-Counter versus Limit-Order Markets: The Role of Tradersâ Expertiseâ by Vincent Glode and Christian C. Opp (10.1093/rfs/hhz061) that originally published online, the...
View ArticleSEC Names Mark D. Reinhold as Deputy Chief Human Capital Officer in the...
The Securities and Exchange Commission today announced that Mark D. Reinhold has been named Deputy Director of the agencyâs Office of Human Resources (OHR). Mr. Reinhold will help to manage programs...
View ArticleSEC Names Allen Blume as Deputy Chief Financial Officer
The Securities and Exchange Commission today announced that Allen Blume has been named Deputy Chief Financial Officer in the agencyâs Office of Financial Management (OFM). Mr. Blumeâs...
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What are Modular Forms?
The Strange Functions Used to Solve Fermat’s Last TheoremContinue reading on Cantorâs Paradise »
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Christine Lagarde has her work cut out for her
Christine Lagardeâs reign at the European Central Bank (ECB) has heralded a shift not in the monetary policy field, but mainly in terms of communication, at least judging from her first press...
View ArticleGreenwich hedge fund WorldQuant axes 130 staffers as quants struggle
Greenwich hedge fund WorldQuant axes 130 staffers as quants strugglehttps://t.co/fdKg2aauBk â moneyscience (@moneyscience) January 10, 2020
View ArticleWe’re approaching the limits of computer power – we need new...
Ever-faster processors led to bloated software, but physical limits may force a return to the concise code of the past https://t.co/4c4GQIhkrd â Financialâ¦
View ArticleBanks ‘forging signatures on industrial scale’
Is this the next big banking scandal? "I am concerned that there appears to be overwhelming evidence of large-scale document manipulation and signature fraudâ¦
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How to Win at Roulette: Intro to Probabilities and Expected Values
Why you still shouldn’t play. The Martingale StrategyContinue reading on Cantorâs Paradise »
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Ramanujan’s First Letter to G.H. Hardy
On or about the 31st of January, 1913 mathematician G.H. Hardy of Trinity College at Cambridge University received a parcel of papers from…Continue reading on Cantorâs Paradise »
View ArticleNew mathematical and statistical methods for actuarial science and finance
Volume 26, Issue 2-3, January - February 2020, Page 96-99.
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