Voluminous breakthrough
Foreign exchange volume helps predict the following day's returns, finds study co-authored by Professor Lucio Sarno of Cambridge Judge Business School. Lucio Sarno The daily volume of foreign exchange (FX) trading helps predict returns on currency trading the next day,…
The rise of the special purpose acquisition company
by Dr Sunwoo Hwang, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance 2020 has been the year of special purpose acquisition companies or SPACs. A SPAC is a blank check shell company designed to take…
Growth theory
A broader look at how multinational enterprises grow profitably over time. How do multinational enterprises (MNEs) grow and prosper? The topic has fostered hundreds of research papers since the 1959 publication of a watershed book, The Theory of the Growth…
Accelerating through crisis
How are Accelerate Cambridge startups adjusting in the current climate? Entrepreneurs supported by the Accelerate Cambridge programme at the Cambridge Judge Business School Entrepreneurship Centre are adjusting their activities in response to the COVID-19 (coronavirus) pandemic. We spoke to some of them to…
Stock market volatility
Market volatility to COVID-19 crisis second only to 1987 stock market crash over past 120 years. Stock market volatility during the COVID-19 crisis has been second only to the October 1987 stock market crash over the past 120 years, Professor…
Market integrity
Study on insider trading is relevant to coronavirus bailouts. The last big economic bailout in the United States was the $700 billion Troubled Asset Relief Plan (TARP) enacted during the financial crisis in 2008. That package is now dwarfed by…
The ‘carry’ trade
The carry strategy in foreign exchange markets generates positive average returns over the long run, but it can experience losses when there are shifts from fixed to floating currency regimes, finds a new study co-authored by Dr David Chambers of…
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 entry. The first condition implies that existing firms cannot dictate or influence prices, and the second that new…
Prose on investing
Article co-authored by Elroy Dimson of Cambridge Judge is included in a new book, The Best Investment Writing, Volume Two. Professor Elroy Dimson An article on “The evolution of equity markets” co-authored by Professor Elroy Dimson, Chairman of the Centre for…
Adrian Kyriazi, Credit Suisse: Managing in submerging markets
Adrian Kyriazi, MD and Head of Greece/Cyprus, Poland & Eastern Europe at Credit Suisse Private Bank, talks about managing in submerging markets and the restructuring of the private bank's business as individual net worth in Greece sank by 40 per…
