Financial Website

This is troubling in many ways.  I would expect the numbers to be better in finance (especially the mathematical studies and modeling studies), but I have no doubt that the timing of studies matters and that the replication is often impossible (possibly in part since the original study influences the subjects/markets). Scientists Replicated 100 Psychology Studies, and Fewer Than Half Got the

For good or bad, family forms are often different.  In this article Massa and Zaldokas investigate these differences during a bankruptcy. Bankrupt Family Firms by Massimo Massa, Alminas Zaldokas :: SSRN: "Abstract:      We study the role of family ownership during the bankruptcy process. We argue that at times of distress family blockholders are better positioned to manage the firm and

More than Money: Venture Capitalists on Boards by Natee Amornsiripanitch, Paul A. Gompers, Yuhai Xuan :: SSRN: In the department of "this fits what I teach perfectly"/ (Confirmation bias?), a new paper shows again that venture capitalists bring more tot the table than just capital.  Their expertise and relationships also matter. "... a prior relationship with the founder, lead investor status,

Rankings of Published Price-Earnings Ratios and Investor Attention by Jordan Moore :: SSRN: Jordan Moore shows that PE Rankings (independent of the PE ratio itself) are associated with returns.  This is a cool finding. It is at least consistent a view that investors' screening practices impact their investment results. A "look-in": "Results of empirical tests provide preliminary support for

Politically Connections, Institutional Monitoring and Earnings Quality: Some Evidence from Malaysia by Tee Chwee Ming :: SSRN: Ming and Gal have an interesting study on the behavior and monitoring of politically connected firms in Malaysia.  There three main findings are that politically connected firms have lower earnings quality "are not subject to market discipline despite reporting poor