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 [...]