I find that short interest significantly and negatively predicts aggregate stock returns in 24 of
32 countries examined. This predictability survives out-of-sample tests, persists outside of …

Are margin traders as well-informed as short sellers when it comes to leveraged investing?
Our paper, utilizing a unique dataset on stock-level short selling and margin trading from …

We use the futures commission merchants (FCMs) reports released by CFTC to construct a
frequent (monthly) and timely (one-month delay) market-level leverage measure, based on …

I investigate the predictive role of the aggregate dividend–payout ratio (de de) for future
economic activity. A vector‐autoregression‐based variance decomposition shows that the …

Представленная статья направлена на исследование особенностей ведения
бухгалтерского учета в условиях постепенного перехода к стандартам ФСБУ …