Selecting Directors Using Machine Learning -- by Isil Erel, Lea H. Stern,...
Can an algorithm assist firms in their hiring decisions of corporate directors? This paper proposes a method of selecting boards of directors that relies on machine learning. We develop algorithms with...
View ArticleMarkups Across Space and Time -- by Eric Anderson, Sergio Rebelo, Arlene Wong
In this paper, we provide direct evidence on the behavior markups in the retail sector across space and time. Markups are measured using gross margins. We consider three levels of aggregation: the...
View ArticleCapital Inflows, Equity Issuance Activity, and Corporate Investment -- by...
We use issuance-level data to study how equity capital inflows that enter emerging market economies affect equity issuance and corporate investment. We show that foreign inflows are strongly correlated...
View ArticleThe Macroeconomic Announcement Premium -- by Jessica A. Wachter, Yicheng Zhu
Empirical studies demonstrate striking patterns in stock market returns in relation to scheduled macroeconomic announcements. First, a large proportion of the total equity premium is realized on days...
View ArticleWho Owned Citibank? Familiarity Bias and Business Network Influences on Stock...
We study factors influencing individuals' decisions to purchase Citibank stock during the 1920s. Citibank stock had a very high price per share and was only an investment option for wealthy people. The...
View ArticleHow News and Its Context Drive Risk and Returns Around the World -- by...
We develop a classification methodology for the context and content of news articles to predict risk and return in stock markets in 51 developed and emerging economies. A parsimonious summary of news,...
View ArticleThe Return to Work and Women's Employment Decisions -- by Nicole Maestas
It is well documented that individuals in couples tend to retire around the same time. But because women tend to marry older men, this means many married women retire at younger ages than their...
View ArticleEstimating the Effects of a Large For-Profit Charter School Operator -- by...
An error occurred with the "new this week" email. This paper will be released soon.
View ArticleFast-Track Authority: A Hold-Up Interpretation. -- by Levent Celik, Bilgehan...
A central institution of US trade policy is Fast-Track Authority (FT), by which Congress commits not to amend a trade agreement that is presented to it for ratification, but to subject the agreement to...
View ArticleRent Creation and Sharing: New Measures and Impactson TFP -- by Gilbert...
This analysis proposes new measures of rent creation or (notional) mark-up and workers' share of rents on cross-country-industry panel data. While the usual measures of mark-up rate implicitly assume...
View ArticleOANDA Exchange API App Now Available On Microsoft Dynamics 365
A global leader in corporate and consumer foreign exchange solutions, OANDA now offers its OANDA Exchange API application to all Microsoft Dynamics 365 customers. The new app allows customers to...
View ArticleCentral Banks Say Blockchain Could Shake Up Securities Settlement
The second report from the project 'Stella' initiative explores applications of distributed ledger technology to securities settlement mechanisms.
View ArticleRussian Official: Venezuela Won't Be Paying Its Debt in State Crypto
A Russian Finance Ministry official has stated that Venezuela will not pay off its $3.5 billion debt using the petro.
View ArticlePikcioChain - Delete Facebook? Take Control of Your Data Too!PikcioChain -...
I take a closer look at PikcioChain and explain what I like and don't like about it. PikcioChain is a secure blockchain based exchange for personal data. 0:48 Problem identification 1:38 Why...
View ArticleBorsa İstanbul: Periodic Review For The BIST-KYD Corporate Eurobond Indices...
In accordance with the article 3.3. of BIST-KYD Indices Ground Rules, periodic review for the BIST-KYD Corporate Eurobond Indices for the period April-June 2018 (April 2, 2018 – June 29, 2018) has been...
View ArticleESM Board Of Directors Approves €6.7 Billion Loan Tranche To Greece
Today the Board of Directors of the European Stability Mechanism (ESM) approved the fourth tranche of €6.7 billion of ESM financial assistance for Greece. This decision follows the Greek government’s...
View ArticleBorsa İstanbul Announces Constituent Changes To The BIST-KYD Fund Indices For...
Referring to 3.3. article of the BIST-KYD Indices Ground Rules, constituent changes to the BIST-KYD Fixed Income Fund Index and BIST-KYD Equity Fund Index for the second quarter of 2018 are determined....
View ArticleCboe Vest’s New “Dividend Aristocrats” ETF (Ticker: KNG)...
Cboe Vest Financial LLC (“Cboe Vest”), a majority- owned asset management subsidiary of Cboe Global Markets, Inc., has launched the Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF (KNG),...
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