Cambridge Judge Business School: The CCFin blog

Agency conflicts and costs of equity 3 September 2019

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

What determines cryptocurrency’s expected return? 6 August 2019

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

Shadow pills and visible value 2 July 2019

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

Keeping secrets from creditors 26 March 2019

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

Long-term economic outlook and equity prices 27 February 2019

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

Brexit: investor paranoia and the financing cost of firms 22 January 2019

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

Reinvesting market power for the betterment of shareholders 10 December 2018

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

Guaranteed bonuses in high finance: to reward or retain? 7 November 2018

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

Is diversification always good? 6 November 2018

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

Alternative finance (The Cambridge Judge Business Debate podcast series) 10 October 2018

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 …

Some recent developments in mathematical finance 29 August 2018

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

How (in)efficient is the stock market? 19 July 2018

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

Embrace the randomness 13 June 2018

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

Contingent convertibles: do they do what they are supposed to do? 12 June 2018

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

The granular effect of stock market concentration on market portfolio volatility 12 June 2018

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

Are analysts whose forecast revisions correlate less with prior stock price changes better information producers and monitors? 27 April 2018

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

What caused the leverage cycle run-up to 2008 financial crisis? 1 March 2018

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

Transaction costs, consumption and investment 1 March 2018

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

Book-to-market ratio and inflexibility: the effect of unrecorded R&D capital 21 December 2017

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

What causes the executive pay gap between public and private firms? 24 November 2017

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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