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Bloomberg: Investors will buy anything now

A paper on short-selling of exchange-traded funds co-authored by Dr Oğuzhan Karakaş, University Senior Lecturer in Finance at Cambridge Judge Business School, featured in Bloomberg. The study titled “Phantom of the Opera: ETF Shorting and Shareholder Voting,” argues that “this…

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Opposing views

The likelihood of activist hedge funds targeting and making money is higher when large short sellers also target the same company, finds a new study co-authored by Dr Pedro Saffi of Cambridge Judge Business School. Dr Pedro Saffi Activist hedge…

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The rather tatty frontage of a GameStop shop in Kokomo, Indiana.

BBC: World Business Report

Dr Pedro Saffi, Reader in Financial Economics and Director of the Master of Finance at Cambridge Judge Business School, recently appeared on BBC commenting on US congressional hearings on GameStock share trading. Dr Saffi went on to say that lots…

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The Sunday Times: Square Mile wobbles as European share trading goes Dutch

Professor Elroy Dimson, Chairman of the Centre for Endowment Asset Management at Cambridge Judge Business School, comments on the history of share trading in Amsterdam, London and New York in The Sunday Times article. (subs) Read the full article []…

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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 Ever since Milton Friedman's celebrated 1970 article – "The Social Responsibility of Business is to Increase its Profits"…

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Opera paper curtain call

A paper co-authored by Dr Oğuzhan Karakaş of Cambridge Judge Business School wins the best conference paper award at the annual meeting of the European Financial Management Association. Dr Oğuzhan Karakaş A paper co-authored by Dr Oğuzhan Karakaş, University Senior…

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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 crisis, a Wall Street executive gives a seminar at a university. At the Q&A session, a student in…

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Shareholder activism

Paper co-authored at Cambridge Judge finds that institutional shareholders recall shares to oppose management in proxy votes. Institutional investors often recall loaned shares prior to proxy votes when they want to express lack of support for management, according to research…

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Investing in 2013? Ask John Maynard Keynes

Economist John Maynard Keynes ran the endowment fund at King’s College from 1921 until his death in 1946. His highly successful approach is providing valuable insight for today’s investors. The first in-depth analysis of Keynes’ investment career, co-authored by Cambridge…

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Dell vs Icahn. Which side are you on?

Michael Dell and Carl Icahn are locked in what could prove to be the shareholder battle of 2013. Who is right? Teruyuki Asaoka, a Cambridge MBA student fresh from completing his last assignment for the Cases in Corporate Finance elective,…

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