We present evidence that equity momentum strategies are partially driven by positive-feedback trading intermediated via the mutual fund sector. identify a U.S.-specific structural break to this channel substantially weakened relationship between flows and past style returns. As result, load on flow-driven (including in stocks, styles, factors) experienced profitability decline. Consistent with ...

Invasive Computing enables a resource-aware programming style, which includes adapting to external resource changes similar to malleability. We introduce asynchronously-malleable applications, which can adapt at any time without synchronizing the whole application, in contrast to specific synchronization points. We show how master-slave applications meet the requirements for asynchronous mallea...

<p style='text-indent:20px;'>In this paper, we investigate and demonstrate the capital asset pricing model (CAPM) based on distribution uncertainty (or ambiguity, defined as about unknown probability).</p><p style='text-indent:20px;'>We first achieve directly spectral risk measures (abbreviated SCAPM) in case of normal distributions; Then can characterize SCAPM under condition...

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• You can submit your corrections online or by fax. • For online submission please insert your corrections in the online correction form. Always indicate the line number to which the correction refers. • Please return your proof together with the permission to publish confirmation. • For fax submission, please ensure that your corrections are clearly legible. Use a fine black pen and write the ...

Abstract: We analyze the relationship between return migration rates and the age profile of retirement within immigrant populations. Our simple theoretical model illustrates that under reasonable conditions the probability of return migration is maximized at retirement. This implies that different immigrant populations will have different retirement profiles, not only because individual retirem...

the present study investigated any probable relationship between theidentity processing styles and l2 literacy of advanced persian efl learners. theparticipants included 160 (female = 109, male = 51) advanced efl iranian learners.the instruments used included a simulation of the toefl ibt test, measuring theparticipants’ l2 literacy-related proficiency, reading, and writing, and the identitysty...