The returns to Picasso's prints and to traditional financial assets, 1977 to 1996

JE Pesando, PM Shum - Journal of cultural economics, 1999 - Springer
This paper updates prior work by Pesando (1993) regarding art as an investment. Using
world-wide auction prices for Picasso prints for the period 1977 to 1996, this paper establishes …

The auction market for modern prints: Confirmations, contradictions, and new puzzles

JE Pesando, PM Shum - Economic Inquiry, 2008 - Wiley Online Library
Using a large data set with 80,214 repeat sales, we find that the real return on a diversified
portfolio of modern prints sold at auctions worldwide averaged a modest 1.51% during the …

Leveraged and inverse ETF performance during the financial crisis

PM Shum, J Kang - Managerial Finance, 2013 - emerald.com
Purpose – Leveraged and inverse ETFs (hereafter leveraged ETFs) have received much
press coverage of late due to issues with their performance. Managers and the media have …

Taxes and corporate debt policy in Canada: An empirical investigation

PM Shum - Canadian Journal of Economics, 1996 - JSTOR
This paper explores the implications of asymmetric corporate taxes for firms' debt policy.
The focus is on the effects of two dynamic tax provisions, loss carry-forward and loss carry-back, …

The law of one price, noise and “irrational exuberance”: the auction market for Picasso prints

JE Pesando, PM Shum - Journal of Cultural Economics, 2007 - Springer
… To explore the issue of the persistence of the violation of the law of one price documented
in Pesando (1993) and in Pesando and Shum (1996), we present results from the full sample …

Investing in art: A cautionary tale

JE Pesando, PM Shum - The Journal of Wealth Management, 2007 - search.proquest.com
In recent years, there has been increased interest in art as an investment class and in the
possibility of securitizing art portfolios. Several entrepreneurs have sought to market art …

The 1992 Canadian constitutional referendum: using financial data to assess economic consequences

PM Shum - Canadian Journal of Economics, 1995 - JSTOR
… High-profile events (such as the publication of the Royal Bank report and former Prime
Minister Trudeau's article in Maclean's and L 'Actualite and the then Prime Minister Mulroney's …

Meta-analysis of prospective memory in schizophrenia: nature, extent, and correlates

…, H Shi, X Hong, Z Li, X Yu, Q Gong, D Shum - Schizophrenia …, 2009 - Elsevier
… (PM) is the ability to remember to carry out an intended action in the future and it is an important
function for everyday living. Studies have found that the neural basis of PM … review of PM

Stock market response to political uncertainty: evidence from the 1992 constitutional referendum

PM Shum - The Canadian Journal of Economics/Revue …, 1996 - JSTOR
… The included events are: the publication of Former Prime Minister Trudeau's article in … jobs
(September 25), and former Prime Minister Mulroney's dramatic speech in which he ripped up …

Prospective memory in patients with closed head injury: A review

D Shum, H Levin, RCK Chan - Neuropsychologia, 2011 - Elsevier
… - or other-report of PM deficits; behavioral PM measures in adults with CHI, behavioral PM
measures in children and adolescents with CHI, and treatment of PM in adults with CHI. The …