Academic Insights on Investing

The expense ratio aside, the cost of transacting in an ETF depends on the size of the bid/ask spread at any point in time during the trading day. The ETF investor should make evidence-based trading

This article deals with the degree of market vulnerability to spillovers from disruptions in the cryptocurrency markets. This study investigates the impact of the FTX collapse and bankruptcy across global financial markets. What do responses of

In this article, we examine the research on the pervasiveness of corporate fraud (misconduct or alleged fraud), which is one of the (less emphasized) costs of public ownership. How Pervasive is Corporate Fraud What are

Using portfolio theory, the authors of this piece develop an approach for estimating the degree of political risk between a country and its export destination and the status of political relationships. The research about political

In this article, we examine the research on whether institutional ownership impacts investee companies’ carbon footprint (in terms of emissions and carbon intensity). Institutional Investors and Corporate Carbon Footprint – Global Evidence Gianfranco Gianfrate, Tim

The question of if investors can save the planet is an interesting one. In this article, we examine the research on the commitment of asset managers to investing in line with the Race to Zero

Traditional measures of geopolitical risk have been primarily qualitative.  In this article, the authors describe and analyze not just new, but novel measures including textual analysis of news and expert reports, novel econometric methods and machine learning

In this article, we examine the academic research about what millionaires invest in. Millionaires Speak: What Drives their Personal Investing Decisions? Bender, Choi, Dyson and Robertson Journal of Financial Economics, 2022 A version of this paper

Aggregate Confusion: The divergence of ESG ratings Florian Berg, Julian F. Koelbel, and Roberto Rigobon MIT Working Paper A version of this paper can be found here Want to read our summaries of academic finance papers?

The Future of Factor Investing Dimitris Melas Journal of Portfolio Management A version of this paper can be found here Want to read our summaries of academic finance papers? Check out our Academic Research Insight category What are