Thought Leadership

OUR VALUE COMES FROM AN ANALYTICAL UNDERSTANDING OF THE FORCES AT WORK IN FINANCIAL MARKETS

Feb 26

Is there alpha in distressed stocks? (U.S. evidence)

We investigate whether distressed stocks carry a premium after controlling for the exposure of the portfolio to common factors, such as...

Feb 26

Is there alpha in distressed stocks across the world?

We investigate the existence of a distress premium, controlling for common factors such as market beta, size and value, around the world....

Feb 26

How much is default risk captured by other factors?

Is there a distress risk factor? And how much of this factor is explained by other risk factors? In previous posts, we have discussed the...

Jan 14

Do financially constrained firms generate higher returns?

We examine the effect of financing constraints on corporate investment, risk and equity returns In corporate finance, financing...

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