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Cambridge Centre for Finance (CCFin)

Resuscitating the London Stock Exchange

by Dr Bobby Reddy, Fellow, Cambridge Endowment for Research in Finance Whichever way you look at it, the London Stock Exchange is in secular decline. The number of companies listed on the exchange's Main Market has fallen from over 4,400…

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London stock exchange building at Paternoster Square next to St Paul's Cathedral in the City of London, England.

Gambling for redemption or ripoff?

by Dr Xinyu Hou, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance In the early days of Federal Express, the company once was down to $5,000 in its checking account, not able to cover the…

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Hands next to a pile of poker chips.

The downside risk channel of monetary policy

by Niklas Schmitz, Winner of the Cambridge Finance Best Student Paper Award 2022, PhD Student, Faculty of Economics, University of Cambridge During recessions, central banks play a key role to support the economy. They are often concerned with avoiding bad…

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Close-up of young businessman pointing on the data presented in the chart on a computer screen.

Can members with heterogeneous preferences achieve their first-best within a group?

by Dr Shiqi Chen, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance One standard assumption of the existing corporate finance literature is firms' policies are set to maximise total shareholders' value, irrespective of individual stockholders'…

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Financial stock market abstract graph.

Strategic voting and shareholder voting

by Professor Adam Meirowitz, Yale University and Dr Shaoting Pi, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Starting with Marquis de Condorcet (1785), a large literature seeks to understand voting in settings where agents…

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The boardroom table is set for a meeting.

Institutional investor monitoring and earnings management: a network approach

by Dr Marwin Mönkemeyer, Visiting Associate at Cambridge Endowment for Research in Finance, University of Cambridge Judge Business School Ever since Berle and Means' (1932) seminal work on the separation of ownership and control in modern firms, scholars have debated…

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Two colleagues analysing a financial chart on a computer.

Voting for socially responsible corporate policies

by Professor Adam Meirowitz, David Eccles School of Business, University of Utah, Dr Shaoting Pi, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance, University of Cambridge, and Dr Matthew C. Ringgenberg, David Eccles School of…

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Rear view of business team raising their hands for a vote during a seminar.

Cross-country stock market comovement: a macro perspective

by Dr Elisa Faraglia, Cambridge Endowment for Research in Finance Fellow In the post WW2 period, the cross-country correlations between the stock markets in developed economies were fairly low, implying significant potential benefits from diversification. Beginning in the mid 1990s,…

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Close-up view of a stock market data board.

How do climate risks affect trading behaviour?

by Andreas Charisiadis, Research Assistant, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Mitigating climate change has become one of the defining challenges of our time. Indeed, there is global concern about the potentially disastrous long-term consequences…

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Cityscape with polluted air.

Dynamic group decision making of private firms

by Dr Shiqi Chen, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Unlike what is often assumed in the standard corporate finance literature that firms are often governed by a single representative agent on behalf…

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Silhouette of three business people negotiating at a meeting table.

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