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The CCFin blog

Market gamblers to blame?

by Dr Mehrshad Motahari, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance The Nobel Prize–winning Cumulative Prospect …

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Fintech disruption: is it good or bad for consumers?

Financial technology (“fintech”) is a rapidly growing industry that applies recent digital innovations and technology-enabled business model innovations to financial services. A …

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Agency conflicts and costs of equity

The agency problem, in the context of separation in ownership (shareholders or the principals) and control (managers or the agents), is one …

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What determines cryptocurrency’s expected return?

by Dr Hui (Frank) Xu, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Since the emergence of …

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Shadow pills and visible value

The “poison pill” (formally known as a “shareholder rights plan”) has a long and contentious history in the United States as a …

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Keeping secrets from creditors

As described in the article “The Choice between Formal and Informal Intellectual Property: A Review“, published in the Journal of Economic Literature …

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Long-term economic outlook and equity prices

by Dr Adelphe Ekponon, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance The very first asset pricing …

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Brexit: investor paranoia and the financing cost of firms

Financial markets faced a bumpy ride in 2018. The Financial Times report that global bond and equity markets shrank $5tn last year. …

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Reinvesting market power for the betterment of shareholders

On the supply side, highly competitive industries are generally characterised as having many firms and low barriers to entry. The first condition …

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Guaranteed bonuses in high finance: to reward or retain?

by Dr Scott B. Guernsey, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Public distaste for high …

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Is diversification always good?

Probably every Fin 101 class teaches the principle of diversification: do not put all your eggs in one basket. Diversification allows investors …

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Alternative finance (The Cambridge Judge Business Debate podcast series)

We’ve heard all the buzz phrases, ranging from ‘peer-to-peer lending’ to ‘cryptocurrencies’. But behind the hype, what exactly is alternative finance, and …

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Some recent developments in mathematical finance

by Dr Alex S.L. Tse, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance A few weeks ago …

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How (in)efficient is the stock market?

by Dr Yuan Li, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance In 2013, the Nobel committee …

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Embrace the randomness

by Dr Alex S.L. Tse, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Excerpt from the CBS …

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Contingent convertibles: do they do what they are supposed to do?

by Dr Hui (Frank) Xu, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance When Lehman Brothers was …

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The granular effect of stock market concentration on market portfolio volatility

Dr Jisok Kang, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Ever since the Capital Asset Pricing …

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Are analysts whose forecast revisions correlate less with prior stock price changes better information producers and monitors?

by Dr Yuan Li, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Financial analysts are important information …

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What caused the leverage cycle run-up to 2008 financial crisis?

by Dr Hui (Frank) Xu, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance The 2008 financial crisis …

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Transaction costs, consumption and investment

by Dr Alex S.L. Tse, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance The theoretical modelling of …

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