منابع مشابه
Tail Risk in Momentum Strategy Returns
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Economists have observed a shift in productivity growth from IT-producing to IT-using industries after the dot-com bust, but the causes of this shift remain unexplained. This paper uses fine-grained data on IT labor movements from online resume databases to track the flow of skills out of IT producing firms after the dot-com bust, and to test the hypothesis that a reallocation of these technica...
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The average microenterprise in a developing country has very high marginal returns to capital (on the order of 100% annually), according to several recent studies. Financial constraints are part of the explanation for how these high returns persist. But, given these constraints, it remains to explain the limited self-financing by the households running these businesses. In particular, little is...
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There has been considerable public discussion of the investment performance of the University of California Retirement Plan (UCRP). Much of that discussion has been based on simple comparisons of the realized investment returns of UCRP to those of other pension plans, such as CalPERS. Such comparisons provide no economically meaningful or statistically significant information about the quality ...
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ژورنال
عنوان ژورنال: Applied Finance Letters
سال: 2017
ISSN: 2253-5802,2253-5799
DOI: 10.24135/afl.v6i01.65