In the earliest days of empirical work in academic finance, the size effect was the first market
anomaly to challenge the standard asset pricing model and prompt debates about market …

Is there one legitimate form of luxury, or are there many acceptable luxury forms? The
answer is that it all depends on the perspective used to define luxury, and who is involved in …

Craftspeople represent essential touchpoints in the creation process of luxury experience.
The industry faces increasing difficulties in attracting new craftspeople. Narrative interviews …

Elevate your game in the face of challenging market conditions with this eye-opening guide
to portfolio management Investing Amid Low Expected Returns: Making the Most When …

Gerd Kommer: Die Nummer 1 bei ETFs Seit vielen Jahren überzeugt Dr. Gerd Kommer
immer mehr Sparer und Anleger von den Vorteilen einer Geldanlage in Indexfonds und …

We propose a new trading strategy named the historical basis strategy and analyze its
profitability in both the Chinese and the US commodity futures markets. We also compare …

Factor investing has been around for several decades, backed by an enormous body of
literature, and yet it is still surrounded by much confusion and debate. Some of the rhetoric …

Value investing delivers volatile returns, with large drawdowns during both market booms
and busts. This paper interprets these returns through an intertemporal CAPM, which …

This paper studies the out‐of‐sample performance of the intraday momentum strategy
where the overnight return predicts the return of the last half‐hour of trading. The …

A perennial question that comes up in the construction of factor portfolios is whether country
and sector biases (in the form of active weights) should be neutralized. In this article, we …