As a result of the COVID-19 pandemic, the ongoing war and the implementation of the so-
called Mobility Package there are profound changes taking place in the Polish LSP sector …

A review of academic literature suggests a lack of consensus on positive and negative
abnormal returns associated with socially responsible investing/environmental, social, and …

A conventional approach to factor investing entails the use of Ordinary Least Squares (OLS)
linear regression between factors (explanatory variables) and stock performance (criterion …

Abstract The Dodd–Frank Act (Section 939B) enacted in 2010 repealed the exemption of
credit rating agencies (CRAs) from Regulation Fair Disclosure. Testing whether CRAs …

We examined the benefit of incorporating ESG factors over a more recent period to
acknowledge the ongoing investment trend towards ESG. A review of academic literature …

Egypt, the scribes collected taxes for the Pharaohs. In Greece, the Athenians collected a war-
time tax known as eisphora. The Roman Empire collected an import/export tax called …

There are two approaches to achieving low-risk global equity strategies: a portfolio of low-
risk stocks and a low-risk portfolio of stocks. The authors analyze the impact of incorporating …

I develop and test theory about the impact of heuristics on the composition of actively
managed equity portfolios. Active equity portfolio managers are charged with the task of …

Over the past decade, the asset management industry witnessed a significant migration of
capital from active investment strategies into passive investment strategies. For example, at …

Under economic theory, firms operating under monopolistic or oligopolistic competition are
more profitable and can be expected to deliver higher returns to their shareholders. As such …