There is now substantial evidence to suggest that asset returns are predictable over both long
and short time horizons for both individual stocks and stockmarket indices. Whether or not …

Price clustering and optimal tick sizes have recently been topics of substantial public policy
interest, and this paper presents evidence which is relevant to both debates. Around 98% of …

This paper examines the macroeconomic sources of risk priced in the UK stockmarket between
1983 and 1990 using monthly data on 840 stocks to form both beta‐sorted and market …

Using predominantly precrisis US commercial bank data, this paper employs a propensity
score matching approach to analyze whether individual banks did improve their performance …

This study investigates the impact of securitization on the credit risk-taking behavior of banks.
Using US Bank Holding Company data from 2001 to 2007, we find that banks with a …

Integrative explanations of why obesity is more prevalent in some sectors of the human
population than others are lacking. Here, we outline and evaluate one candidate explanation, the …

The ratio of a long government bond yield to the equity market dividend yield, the Gilt-Equity
Yield Ratio (GEYR), is commonly used by analysts in the UK as a means of determining the …

This is the first study to use daily data from a major capital market outside of the US to
examine the role of corporate bond and commercial paper rating changes on common stock …

Objective: This study examined the impact of increasing automation replanning rates on
operator performance and workload when supervising a decentralized network of …

The benefits of international portfolio diversification are usually presented as movements
towards the Mean-Variance Efficient Frontier, being constructed from historical correlation and …