Category Essential readings
Part of our research focuses on how experience shapes job performance in the money management industry. In the featured article, we consider experience outstide the investment industry – but does experience within the financial sector also matter? An analyst is… Continue Reading →
The internet has helped investors to access information about stocks more easily. We have repeatedly looked into internet searches as a proxy for attention – and on how they affect liquidity and volatility. Today, we look at the type of… Continue Reading →
In a post one year ago, we introduced our article on the previous lives of fund managers by an article accepted at the Review of Financial Studies. Naturally, not only fund managers can have previous lives – analysts may also… Continue Reading →
Moving from decentralized financial markets to central clearing has a systemic consequence. Central Clearing Counterparties (CCPs) become central “nodes” in the market participant network. If clearing members are only connected to the CCP via clearing, CCP risk management can focus… Continue Reading →
In a recent post, we introduced the January effect: higher equity returns in January. Today, we dig more deeply into the reasons for the (nowadays obsolete) market anomaly. How Do You Feel in January? In their 2018 International Review of… Continue Reading →