Cambridge Endowment for Research in Finance (CERF)

Explore our study on optimising decentralised public finance, focusing on efficient allocation of public goods across regions to enhance overall welfare.

Today (18 December) the Centre for Business Research (CBR) publishes a research report which assesses the role that legal and institutional reform can play in supporting a sustainable venture capital (VC) sector in Ukraine. The report is intended to inform Ukraine’s post-war reconstruction.

Jaffe Greenwald, CERF post-doctoral researcher, develops a new measure for an equity mutual fund’s return performance. Jaffe finds that one in 4 mutual funds outperform a random risk-matched portfolio. In addition, mutual funds with a history of outperforming tend to maintain their outperformance.

Explore the dynamics of the world of partnerships, highlighting their distinct features, tax structures, and the vital role they play in the business landscape, especially in professional fields.

Explore the critical issue of biodiversity loss and its implications for human well-being, business operations, and economic prosperity in our comprehensive resource.

Narine Lalafaryan, CERF Fellow at Cambridge Judge Business School, blogs about the critical interplay between corporate finance and governance in today's volatile market. Understand the implications of recent financial crises and trends.

Sofie R Waltl, CERF Fellow at Cambridge Judge Business School, blogs about the implications of the Berlin Mietendeckel, a controversial rent freeze policy enacted in 2020 and swiftly overturned by the Constitutional Court.

Explore the impact of financial development on biodiversity loss in Italy and learn how social capital influences financial growth.

Thies Lindenthal and Kahshin Leow cover the enhancing of real estate investment trust return forecasts by the use of machine learning.

Sunwoo Hwang, an Assistant Professor of Finance at Korea University Business School, and Biwon Lee, a finance PhD candidate at W.P. Carey School of Business at Arizona State University, measure the quality of the relationship between employees and management and examine its causal effects on business outcomes such as profitability, labour productivity, and employee retention.

Cambridge Endowment for Research in Finance (CERF) Research Associate, Tom Auld, explores whether markets were irrationally overconfident as results unfolded on the night of the UK’s Brexit referendum.

What are the effects of favouritism on employee incentives and behaviour more generally? Do well-connected mutual fund managers exert less effort in managing their funds? Why do mutual fund companies tolerate favouritism? These are some of the questions explored by Elias Ohneberg, who is a research associate at the Cambridge Endowment for Research in Finance.