Information may be the key to differential rewards from investment in capital markets. Corporate
insiders are thought to have information not available to others which provides them an …

STATISTICALLY, a beta coefficient is the slope coefficient of a linear function relating the
return on a security or portfolio to the return on a market index. Substantial interest has focused …

… BAESEL … paper (McMillan and Baesel 1988) we find that the choice of interest … Henry,
and Jerome Baesel. “The Role of Demographic Factors in Interest …

Whether borrowers or lenders gain or lose due to inflation depends upon the nominal rate
agreed to, the realized inflation rate and their inflationary expectations when the contract was …

… Archibald, Baesel, and Brewer 2 model optimal premium and discount quote strategies.
They show that the optimal bid-ask spread quote for a market-maker may tilt or shift around the …

Slowly moving fundamental time series can be mistaken for time trends. Use of this series can
increase credibility of medium‐term and long‐term forecasts. This paper introduces a new …

This article investigates the effect of S&P 500 Index correlation on the performance of hedge
funds. Specifically, the authors separate the alpha and beta components of the four major …

The authors analyze the effect of realized cross-sectional correlations of the S&P 500 on hedge
fund alpha by proposing a unified model that extends the Fama–French five-factor model …

Economic analysis has begun to focus on the implications of transaction costs to trading in
capital assets. Specifically, the economics of market making and the price of liquidity has …

Industrial concentration in North America has been greatly increased by corporate
acquisitions and mergers. As with all important structural changes we are concerned with the …