Conflict of Interest and Mutual Fund Sales
Conflict of Interest in Mutual Fund Sales: What Does the Data Tell Us? Jasmin Sethi, Jake Spiegel, and Aron SzapiroJournal of Retirement, Winter 2019A version [...]
Are Early Stage Investors Biased Against Women?
Are Early Stage Investors Biased Against Women? Michael Ewens and Richard TownsendJournal of Financial Economics, forthcomingA version of this paper can be found hereWant to read [...]
Financial Advice and Bank Profits
Financial Advice and Bank Profits Daniel Hoechle, Stefan Ruenzi,Nic Schaub, Markus Schmid Review of Financial Studies, November 2018 Versions of this paper can be found here and [...]
Fund Management: The Poor Beat the Rich
Family Descent as a Signal of Managerial Quality: Evidence from Mutual Funds Oleg Chuprinin and Denis Sosyura Review of Financial Studies, 2018 A version of this paper [...]
Is Financial Advice Conflicted…Or is it Simply Misguided?
The Misguided Beliefs of Financial Advisers Juhani T. Linnainmaa, Brian Melzer and Alessandro Previtero Kelley School of Business Research Paper No. 18-9 A version of [...]
Do Bank Affiliated Funds Underperform Unaffiliated Funds?
Asset Management within Commercial Banking Groups: International Evidence Miguel Ferreira, Pedro Matos and Pedro Pires The Journal of Finance, Fall 2018 A version of this [...]
Podcast: Corporate Bankruptcy with Kate Waldock (Wes)
Here is a link to our podcast on Behind the Markets In this episode of Behind the Markets Jeremy and Wes talk to Kate Waldock, [...]
Stock Buybacks are Bad? What About the Alternative — Investment
Recently there has been a fairly active discussion within the financial media on the topic of stock buybacks, or share repurchases. This is probably due [...]
How are ETFs Affecting the Stock Market: Is There a Dark Side to ETFs?
The Dark Side of ETFs? Sounds interesting, and in my humble opinion, an image of Darth Vader on page 1 would be a great addition to [...]
Shooting Yourself in the Foot with Socially Responsible Investing
Socially responsible investing (SRI). Environmental, Social, and Governance investing (ESG). Impact investing...and so on... These socially responsible investing concepts can be roughly described as portfolio [...]
Thinking About Corporate Governance In Family-Owned Firms
Families are a basic and universal institution of human society that provide a network of relationships, safety and support, allowing the transmission of values and [...]
Appraisal Arbitrage — A Tool of Evil Hedge Funds or a Benefit to Society?
The Wharton Blog Network recently posted a great piece by Maurice Lefkort on Appraisal Arbitrage, an esoteric area of finance in which legal rules that [...]
Do Fund Managers Manipulate Prices? Say it ain’t so!
Bob Pisani was on CNBC this morning chatting about whether or not the NYSE will open tomorrow. One of the biggest concerns on Wall Street [...]
Insider Trading Patterns: Isolated vs. Sequenced Trading
Insider Trading Patterns David Cicero, and M. Babajide Wintoki A version of the paper can be found here. Abstract: "We document two patterns of informed [...]
Predicting Fraud by Investment Managers
Predicting Fraud by Investment Managers Stephen Dimmock and William Gerken A recent version of the paper can be found here. Abstract: We test the predictability [...]
Does Screening out Garbage Enhance Performance?
Jack and I are working on a new research paper that addresses a very simple question: Can investors improve their screening process by eliminating frauds, [...]
Insider Trading–Congress loves it!
60 Minutes has a great segment explaining the lack of insider trading rules for Congressmen. http://www.cbsnews.com/video/watch/?id=7388130n&tag=contentBody;storyMediaBox Amazing, isn't it? You can sit on the healthcare [...]
Corporate Governance Brain Drain
I'd like to welcome a new contributor to the Alpha Architect blog -- Jack Vogel. Jack is currently a PhD student in finance at Drexel [...]
Goodwill Gone Bad
Have Goodwill Accounting Gone Bad? Kevin Li and Richard Sloan A version of the paper can be found here. Live implementation data can be found [...]