Author: Tommi Johnsen

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

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

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

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

The Myth of Diversification Reconsidered William Kinlaw, Mark Kritzman, Sébastien Page, and David Turkington Journal of Portfolio Management A version of this paper can be found here Want to read our summaries of academic finance papers?

The Economics of the Fed Put Anna Cieslak and Annette Vissing-Jorgensen The Review of Financial Studies A version of this paper can be found here Want to read our summaries of academic finance papers? Check out

The Misguided Beliefs of Financial Advisors Juhani T. Linnainmaa, Brian T. Melezer, and Alessandro Previtero Journal of Finance A version of this paper can be found here Want to read our summaries of academic finance papers?

The Role of Factors in Asset Allocation Mark Kritzman 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