This paper updates prior work by Pesando (1993) regarding art as an investment. Using
world-wide auction prices for Picasso prints for the period 1977 to 1996, this paper establishes …

Using a large data set with 80,214 repeat sales, we find that the real return on a diversified
portfolio of modern prints sold at auctions worldwide averaged a modest 1.51% during the …

Purpose – Leveraged and inverse ETFs (hereafter leveraged ETFs) have received much
press coverage of late due to issues with their performance. Managers and the media have …

This paper explores the implications of asymmetric corporate taxes for firms' debt policy.
The focus is on the effects of two dynamic tax provisions, loss carry-forward and loss carry-back, …

We use prices realized for Picasso prints at auctions worldwide, as well as the 100 prints
that comprise his Vollard Suite, to test the law of one price: the proposition that identical art …

In recent years, there has been increased interest in art as an investment class and in the
possibility of securitizing art portfolios. Several entrepreneurs have sought to market art …

Throughout their campaign, proponents of the Charlottetown Accord warned of the financial
disaster that would strike if the accord were rejected. Those opposed to it dismissed this …

During their campaign, thle proponents of the Charlottetown accord a that a failure to resolve
constitutional issues in Canada would boost support for Quebec separatism, and warned of …

WallStreetBets provides the perfect echo chamber to study retail investor attention herding
and sentiment, and their impact on stock prices. We train a machine learning model to classify …

The reversion of Hong Kong to Chinese rule in 1997, formalized in 1984, is fast approaching.
The Hong Kong stock market thus provides a natural laboratory in which to explore the …