Credit Bubble Stocks

We have been arguing for the past two years ( see also ) that the path of least resistance for the central bank would be to do what is kno...

SSRN : Both the House and Senate bills would tax corporate income at a flat rate of 20%. Without effective anti-abuse provisions, this cha...

Ha !: We examine whether credit rating agencies reward accurate or biased analysts. Using data collected from Moody’s corporate debt credi...

Highlights: Payouts to shareholders reduce the resources under managers’ control, thereby reducing managers’ power , and making it more li...

"The occurrence of independent contributions by 2 or more scientists can be interpreted in terms of zeitgeist, genius, or chance. The ...

Remember quant  Emanuel Derman who worked for Fischer Black? This is Fischer Black's story , who is best known for being a coauthor of ...

Here's an interesting finding from cognitive bias researchers (like Tversky and Kahneman): people tend to overestimate conjunctive proba...

I can't find a PDF link, but this was from a GMO whitepaper by David Cowan and Sam Wilderman: "These results suggest that hedge ...

Reasoning is generally seen as a means to improve knowledge and make better decisions. However, much evidence shows that reasoning often lea...

Reading a paper called Identifying Overvalued Equity by Beneish and Nichols: "Our model is a scoring system that combines firm chara...

The paper is "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process" [ pdf ] and it has some good thou...

Abstract : "For the 20th century since the Depression, we find a strong correlation between a 'literary misery index' derived...

"Noise Trader Risk in Financial Markets" [ pdf ]. "In a world with mean-reverting noise traders' misperceptions, the op...

Followup on the book review , Why equities could have a return premium, but a very modest one: "cross-sectional equity returns over a...

NY times article : "A paper by the academics Ying Duan, Edith S. Hotchkiss and Yawen Jiao, studied 729 troubled publicly traded compa...

This "Do Some Business Models Perform Better than Others? A Study of the 1000 Largest US Firms" is a cool paper [ pdf ]. Although ...

"Alpha Architect" talks about a paper called  "Talking Your Book: Social Networks and Price Discovery" . "If I al...

This is an important paper [ pdf ] by Andrei Shleifer and Robert Vishny that's been cited over 3000 times. (Same authors, previously, on...

Previously, "Market prices would be more accurate if it was easier (and cheaper) to borrow shares to sell short." "The sto...

Wow, I wonder if Falky ( mimicry theory of recessions ) knows about this paper: "Predicting economic market crises using measures of c...