Using extensive and comprehensive databases to select a subset of research papers, we
aim to critically analyze previous empirical studies to identify certain patterns in determining …

Investor based social networks enable investors to share sentiments (eg, bullish or bearish)
about stock trends. Modeling and predicting the qualities of investor sentiments is a critical …

Variance and downside risk are different proxies of risk in portfolio management. This study
tests mean–variance and downside risk frameworks in relation to portfolio management. The …

Using simulated historical backtests, we study the impact of stock exclusions on the
performance of passive and active portfolios. We find that at low to moderate numbers, stock …

How many stocks are required to reduce unsystematic risk significantly is an important
question for investors. While there is a large body of research on the subject in the United …

While many individuals make investments to gain financial stability, most individual investors
hold under-diversified portfolios that consist of only a few financial assets. Lack of …

Socially responsible investing (SRI) is an increasingly important investment issue, gaining
popularity among both institutional and individual investors. In the past, SRI research has …

Based on anecdotal evidence, regulatory arbitrage was a major catalyst of the recent
financial crisis. However, regulatory arbitrage is both theoretically and empirically not yet …

This paper presents evidence of a bias towards carbon-intensive companies in popular
value-weighted stock market indices that are tracked by index funds and ETFs and serve as …

This article evaluates several low-volatility portfolio strategies to identify the return penalty, if
any, associated with increased downside safety. The authors compare the S&P 500 Low …