..., Gergana Jostova, and Alexander Philipov Licensed re-use rights only Analyst bias Optimism Anomalies Behavioral Mispricing G14 G12 G11 G24 G41 A large body of research ties cross-sectional stock return differences to firm characteristics. These characteristic-based return signals...

...% from 2001 to 2019. Exchange-traded funds Money market funds Dividends Treasury markets Spillover effects G12 G23 G24 We proceed to examine whether ETFs invest their dividend receipts in MMFs or reinvest them in stocks. ⁵ To do so, we focus on a sample...

... are available from the sources cited in the text. © 2022 Yu-An Chen and Dan Palmon 2022 Yu-An Chen and Dan Palmon Licensed re-use rights only Analysts Recommendations Regulation FD Global settlement G24 M48 Analysts’ information environment changed drastically in the early 2000s...

... the economic importance of the control group of large issuers in the U.S. IPO market. G20 G24 G38 K22 What is the effect of the Jumpstart Our Business Startups (JOBS) Act on initial public offering (IPO) pricing? The JOBS Act was signed into law on April 5, 2012, with the objective to improve...

... volatility G11 G14 G24 European index options seem to provide an ideal setting for option valuation: their payoff function is simple, the underlying asset and the characteristics of its (historical) price processes are well-known, and trading in these options has been very active for many...

... parts to the questionnaire. The first part asks a series of background and personal questions that relate to the purpose of valuation, educational level achieved, experience, gender, regional focus, and so on. Full details are in the survey questionnaire itself (see Appendix A). G31 G32 G24 G02...

... Research Culture Hard misconduct Soft misconduct Proprietary data Robustness P-hacking Reverse p-hacking Falsification Fabrication Plagiarism G00 G01 G10 G11 G12 G13 G14 G15 G17 G18 G19 G21 G22 G23 G24 G28 G29 G31 G32 G33 My role in advocating for data and code...

... Long-run performance Underwriters G14 G24 The closed-end fund (CEF) puzzle, as described in Lee et al. (1991) has two components: why do CEFs on average sell at a discount that varies cross-sectionally and over time, and why are new CEFs created, even though on average...

..., Marie Dutordoir, and Chris Veld Licensed re-use rights only Convertible debt Interviews Market misvaluation Investor demand Hedge funds Investment banks G32 G13 G24 Convertible bonds are an important security class. U.S. corporations raised $801 billion in convertibles from...