“...Using a novel information asymmetry index based on measures of adverse selection developed by the market microstructure literature, we test whether information...”

“...Using a variety of different definitions of "neutrality," this study presents significant evidence against the neutrality to market risk of hedge funds in a...”

“...Widespread violations of stochastic dominance by 1-month S&P 500 index call options over 1986-2006 imply that a trader can improve expected utility by engaging...”

“...Using earnings announcement events made by firms belonging to Korean chaebols, we examine propping within a chaebol. Consistent with the market's ex ante...”

“...We use a standard single-agent model to conduct a simple consumption growth accounting exercise. Consumption growth is driven by news about current and...”

“...We posit that screening IPOs requires specialized labor which is in fixed supply. A sudden increase in demand for IPO financing increases the compensation of...”

“...We present an economic model of systemic risk in which undercapitalization of the financial sector as a whole is assumed to harm the real economy, leading to a...”

“...Using a news-based index of policy uncertainty, we document a strong negative relationship between firm-level capital investment and the aggregate level of...”