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 (ML) is the most important branch of artificial intelligence (AI), providing tools with wide-ranging applications in finance. My…
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 increase in contingent employment worldwide. As of 2015, it accounts for 15.8 per cent of the US labor…
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 among the frontier policies to counter the recent economic downturns. The 2020 pandemic resurfaced the policy's role that…
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 Adelphe Ekponon Dr Scott B. Guernsey Motivated by preliminary empirical evidence showing that firms with more committed managers…
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 trend of replacing active investment managers with computer algorithms (The Economist, 2019) has led to a surge in…
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 Guernsey, Research Associate at the Cambridge Centre for Finance and the Cambridge Endowment for Research and Finance (CERF).…
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 Research Associate Adelphe Ekponon and Kassi Assamoi (Liquidity Analyst at MUFG Securities and University of Warwick) examine a…
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 (AI) has become a major trend and has disrupted most industries in recent years. The financial services sector…
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 across borders leading to the concentration of equity investments within national borders (home bias in equity portfolios) and…
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 Ever since Milton Friedman's celebrated 1970 article – "The Social Responsibility of Business is to Increase its Profits"…
