Featured MeMos

 

1:
Editorial: Who wouldn't like FAMe?
Bhagwan Chowdhry, Executive Editor
2:
Are stocks really less volatile in the long run?
Lubos Pastor and Robert F. Stambaugh
3:
Realization utility with reference-dependent preferences
Jonathan E. Ingersoll, Jr. and Lawrence J. Jin
4:
Prospect theory, the disposition effect, and asset prices
Yan Li and Liyan Yang
5:
Short-selling bans around the world: lessons from the financial crisis
Alessandro Beber and Marco Pagano
6:
Systemic risk and the refinancing ratchet effect
Amir E. Khandani, Andrew W. Lo, and Robert C. Merton
7:
Hedge fund activism in Chapter 11 firms
Wei Jiang, Kai Li, and Wei Wang
8:
General equilibrium with heterogeneous participants and discrete consumption times
Oldrich Alfons Vasicek
9:
Rating agencies in the face of regulation
Christian C. Opp, Marcus M. Opp, and Milton Harris
10:
Analyst forecast consistency
Gilles Hilary and Charles Hsu
11:
The effect of financial reporting frequency on information asymmetry and the cost of equity
Renhui Fu, Arthur Kraft, and Huai Zhang
12:
A simple way to estimate bid-ask spreads from daily high and low prices
Shane A. Corwin and Paul Schultz
13:
Hidden and displayed liquidity in securities markets with informed liquidity providers
Alex Boulatov and Thomas J. George
14:
Uncovering the hidden information in insider trading
Lauren Cohen, Christopher Malloy, and Lukasz Pomorski
16:
Noisy prices and inference regarding returns
Elena Asparouhova, Hendrik Bessembinder, and Ivalina Kalcheva
17:
Why are U.S. firms using more short-term debt?
Claudia Custodio, Miguel A. Ferreira, and Luis Laureano
18:
Private equity performance and liquidity risk
Francesco Franzoni, Eric Nowak, and Ludovic Phalippou
19:
Carry trades and global foreign exchange volatility
Lukas Menkhoff, Lucio Sarno, Maik Schmeling, and Andreas Schrimpf
20:
The “out-of-sample” performance of long-run risk models
Wayne Ferson, Suresh Nallareddy, and Biqin Xie