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Spaenjers, Christophe; Steiner, Eva. Specialization and performance in private equity: Evidence from the hotel industry. Journal of Financial Economics. Dec2024, Vol. 162, pN.PAG-N.PAG.ÌýÌýÌýÌýUsing granular data on U.S. hotel

What characteristics of mutual funds do investors care about? In addition to performance and fees, we show that investors exhibit a clear preference for managers who adhere to the strategies they describe in their prospectuses. Capital flows respond

Using granular data on U.S. hotel investments over the past two decades, we show that industry-specialist PE firms achieve higher net income from operations and higher capital gains from sale than generalist PE firms for comparable properties. Those

In large and complex human groups, social rules reduce individuals' uncertainty about their own choice set, including through these rules' simultaneous influence on the choice set of other individuals. But uncertainty varies as to the extent to

Little is known about the motivations and outcomes of sellers in remunerated markets for human materials. We exploit dramatic growth in the U.S. blood plasma industry to shed light on the sellers of plasma. Sellers tend to be young and liquidity-

Using a novel data set of over 3,500 public and private firms, we construct the network of executive and director connections prior to the 1929 financial market crash. We find that more connected firms have 17% higher 10-year survival rates.

FinanceÌýÌýÌýÌýWobbekind, Richard. Finn Murphy: Rocky mountain high: a tale of boom and bust in the new wild west: W. W. Norton, 2023. Business Economics. Jul2024, Vol. 59 Issue 3, p200-202.ÌýÌýÌýÌýFinn Murphy's book

Babina, Tania; Bernstein, Asaf; Mezzanotti, Filippo. Financial Disruptions and the Organization of Innovation: Evidence from the Great Depression. Review of Financial Studies. Nov2023, Vol. 36 Issue 11, p4271-4317.ÌýÌýÌýÌýWe examine

FinanceÌýÌýÌýÌýGallagher, Emily A; Billings, Stephen B; Ricketts, Lowell R. Human Capital Investment after the Storm. Review of Financial Studies. Jul2023, Vol. 36 Issue 7, p2651-2684.ÌýÌýÌýÌýHow does household

I exploit the leveraged exchange-traded funds' (ETFs') primary market to measure aggregate, uninformed, gambling-like demand, that is, speculation sentiment. The leveraged ETFs' primary market is a novel setting that provides observable arbitrage