The CCFin blog

News and insights from CCFin

Finance district chart.

Explore the impact of financial development on biodiversity loss in Italy and learn how social capital influences financial growth.

The strategic move of mergers and acquisitions (M&As) is often accompanied with resource reallocations, including both physical assets and human capital.

By analysing a sample of 803 public M&A deals spanning over 3 decades, CERF research associate Luxi (Lucy) Wang studies the impact of M&As on innovative labours by examining inventors’ turnovers and productivity changes.

Enhancing real estate investment trust return forecasts via machine learning.

Thies Lindenthal and Kahshin Leow cover the enhancing of real estate investment trust return forecasts by the use of machine learning.

People in a work environment smiling.

Sunwoo Hwang, an Assistant Professor of Finance at Korea University Business School, and Biwon Lee, a finance PhD candidate at W.P. Carey School of Business at Arizona State University, measure the quality of the relationship between employees and management and examine its causal effects on business outcomes such as profitability, labour productivity, and employee retention.

British and European flags.

Cambridge Endowment for Research in Finance (CERF) Research Associate, Tom Auld, explores whether markets were irrationally overconfident as results unfolded on the night of the UK’s Brexit referendum.

Christmas sales.

CERF post-doctoral researcher Kevin Schneider studies the effect of seasonal output prices on a firm’s inventory and stock returns. He finds that seasonal inventory holdings help explain several stock return anomalies.

Star firms and finance.

This blog post discusses the significant role of 'star firms' in the financial markets, a concept introduced by Gutiérrez and Philippon (2019). These firms are not only large in their sectors but also profoundly impact market dynamics in the US.

Investors’ preference for domestic over foreign assets is well documented in the literature on international portfolio allocation.

Marwin Mönkemeyer, Research Associate at Cambridge Centre for Finance (CCFin) and Cambridge Endowment for Research in Finance (CERF), blogs about the role of social trust in the portfolio allocation decisions of global institutional investors.

The article delves into the implications of sovereign fiscal reporting errors on the broader financial market.

Cambridge Judge Associate Professor and Cambridge Endowment for Research in Finance (CERF) Research Fellow Dr Jenny Chu looks at the market consequences of sovereign financial reporting errors.

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What are the effects of favouritism on employee incentives and behaviour more generally? Do well-connected mutual fund managers exert less effort in managing their funds? Why do mutual fund companies tolerate favouritism? These are some of the questions explored by Elias Ohneberg, who is a research associate at the Cambridge Endowment for Research in Finance.

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CERF Fellow Oğuzhan Karakaş, and research collaborators Pedro Saffi (a former CERF fellow) and Mehrshad Motahari (a former CERF Research Associate), analyse whether the short sellers can anticipate negative ESG incidences of firms, and make money from the negative price reactions to the news announcement of such incidences.

ESG in finance.

How sensitive are green firms to monetary policy? Alba Patozi, PhD student at the University of Cambridge (Faculty of Economics) explores this question in a recent paper that won the 2023 CERF/Cambridge Finance Best Student Paper Award.