In response to mounting evidence of climate change and the Kyoto Protocol, in 2011, the
Chinese central government decided to build a nationwide carbon emissions scheme, …

In the money management industry, there is a “quiet” controversy over who does a better job,
Traditional Managers (Fundamentalists), or Quantitative Managers. This issue has recently …

Several studies have examined whether a manager having an MBA or CFA leads to superior
portfolio performance. However, these studies have yielded mixed conclusions. A possible …

Catastrophe theory (CT) is a mathematical theory that attempts to describe a system exhibiting
discontinuous behavior under continuous stimuli. Although CT has been used to describe …

This paper examines a mean-Gini model of systematic risk estimation that resolves some
econometric problems with mean-variance beta estimation and allows for heterogeneous risk …

The term structure of default-free interest rates is not directly observable in a market where
government obligations of various maturities bear coupons at different rates, and where …

Several studies have examined whether a portfolio manager having an MBA degree or being
a CFA charter holder leads to superior portfolio performance, with generally mixed results. …

We study how investor sentiment responds to the prevalence of COVID-19 induced equity
market volatility. Using the quantile-on-quantile approach, we report a strong relationship …

This research supports the case for introducing mandatory portfolio holdings disclosure
regimes in Australia and New Zealand. Of the 22 nations (constituents of the MSCI World Index) …

Publisher Summary This chapter presents a study to examine the investment performance
of portfolio managers who engage in short selling. In recent years, short selling as an …