There are two primary factors that affect expected returns for companies with high ESG (environmental,
social and governance) ratings—investor preferences and risk. Although investor …

… , author, and scholar Bradford Cornell makes accessible for the … Cornell begins his analysis
by looking at the equity risk … as a case study, Cornell demonstrates what equity risk premium …

This paper suggests some of the ways in which corporate financial policy depends on the
role of non-investor stakeholders. The key to our analysis is recognizing that the firm sells its …

Trading by corporate insiders and their tippees is analyzed in Anheuser‐Busch's 1982
tender offer for Campbell Taggart. Court records that identify insider transactions are used to …

We show that discrimination can occur even when it is common knowledge that underlying
group characteristics do not differ and when employers do not prefer same-group candidates. …

We examine whether the price response to bad and good earnings shocks changes as the
relative level of the market changes. The study is based on a complete sample of annual …

The extent to which money affects the ex ante real interest rate is an issue debated for
decades. The debate continues because empirical studies designed to measure the impact of …

The Pricing of Page 1 The Pricing of Stock Index Futures Bradford Cornell Kenneth R, French
T prices observed for stock index futures have surprised both academics and practitioners. The …

… Bradford Cornell … Bradford Cornell is an Associate Professor of Finance at UCLA
Graduate School of Management. Dr. Cornell received his BS, MS, and Ph.D. degrees from …

This study extends the literature on the pricing of low‐grade bonds by examining the
performance of low‐grade bond funds. The findings reveal that over the long run low‐grade bond …