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The CCFin blog

Welfare implications of bank valuation disagreement

by Dr Hormoz Ramian, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Regulatory interventions have always been…

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Machine learning challenges in finance

by Dr Mehrshad Motahari, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Mehrshad Motahari Machine learning…

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Contingent employment and innovation

by Dr Sunwoo Hwang, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance There has been a rapid…

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Negative interest rate: the interaction between monetary and financial regulatory policies

by Hormoz Ramian, Research Assistant, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance The negative interest rate has been…

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Managerial commitment and long-term firm value

by Dr Adelphe Ekponon and Dr Scott Guernsey, Research Associates, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr…

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Can robots beat the market?

by Dr Mehrshad Motahari, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Mehrshad Motahari The growing…

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Early coronavirus evidence on finance

Early-stage finance research exploring the impact of COVID-19 on important financial outcomes such as household spending and investor expectations, by Dr Scott…

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Are cryptocurrencies priced in the cross-section? A portfolio approach

Dr Adelphe Ekponon Most papers, that study determinants of cryptocurrency prices, find no relation to existing market factors. In a work-in-progress, CCFin/CERF…

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Artificial intelligence in asset management: hype or breakthrough?

by Dr Mehrshad Motahari, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Mehrshad Motahari Artificial intelligence…

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Understanding the cross-section of international equity markets

Dr Argyris Tsiaras A large literature in international finance has established the relevance of a wide array of frictions in financial investments…

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The shareholder value of stakeholder orientation

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

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Is debt financing by firms good for economic growth?

by Dr Adelphe Ekponon, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Adelphe Ekponon In addition…

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Scholarship scheme at the Cambridge Endowment for Research in Finance

Applications are invited for doctoral funding for up to three years starting in October 2020 from the Cambridge Endowment for Research in…

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Market gamblers to blame?

by Dr Mehrshad Motahari, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Mehrshad Motahari The Nobel…

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Fintech disruption: is it good or bad for consumers?

Dr Scott B. Guernsey Financial technology ("fintech") is a rapidly growing industry that applies recent digital innovations and technology-enabled business model innovations…

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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 Dr Hui (Frank) Xu…

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Shadow pills and visible value

Dr Scott B. Guernsey The "poison pill" (formally known as a "shareholder rights plan") has a long and contentious history in the…

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Keeping secrets from creditors

Dr Scott B. Guernsey As described in the article "The Choice between Formal and Informal Intellectual Property: A Review", published in the…

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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 Dr Adelphe Ekponon The very…

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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

Dr Scott B. Guernsey On the supply side, highly competitive industries are generally characterised as having many firms and low barriers to…

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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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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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Book-to-market ratio and inflexibility: the effect of unrecorded R&D capital

by Dr Yuan Li, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance R&D investment has been playing…

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What causes the executive pay gap between public and private firms?

Jisok Kang, a CERF Research Associate at the Cambridge Centre for Finance (CCFin), and his coauthors, Kee-Hong Bae and Albert Tsang, investigate…

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“Because everyone else was doing it.”

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

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“Value & Profit”: new book by Geoffrey Whittington published August 2017

Cambridge University Press has recently published a new book by Geoffrey Whittington, Honorary Senior Research Associate at the Cambridge Centre for Finance…

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What are bubbles?

Dr Qiusha Peng of the Cambridge Centre for Finance (CCFin) explains what bubbles mean to those in the financial world. Accompanying the…

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Does anchoring impede investors’ interpretation of earnings news?

by Dr Yuan Li, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance In his best-selling book, Thinking,…

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Our social interactions are informative of our investment decisions

When we are investing, we don't mindlessly copy our peers, according to new research carried out by Cambridge Centre for Finance (CCFin)…

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Does the stock market benefit the economy?

A research project carried out by a Research Associate at the Cambridge Centre for Finance (CCFin), Jisok Kang, and his co-author, Kee-Hong…

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