The shift from active to passive investing: Risks to financial stability?

K Anadu, M Kruttli, P McCabe… - Financial Analysts …, 2020 - Taylor & Francis
The past two decades have seen a significant shift from active to passive investment
strategies. We examined how this shift affects financial stability through its impacts on (1) …

[PDF][PDF] The Impact of Race, Ethnicity and Gender on Investor Stock Risk Behavior: Implications for Invest Managers

JR Smith, A Tillman-Hawkins… - … Policies and Practices, 2019 - scholar.archive.org
An event study methodology for different time periods were employed to discern to what
extent, if any, race, ethnicity and gender impact stock prices to determine firm performance …

Examining the Effectiveness of Mean Variance Approach of Prescriptive Analytics in Re-Designing the Purposefully Designed Equity Portfolios-A Study from Indian …

G Nagpal, A Nagpal, SK Inani… - 2023 4th International …, 2023 - ieeexplore.ieee.org
This research study has been done to evaluate the effect of mean-variance optimisation
method of re-designing the equity portfolios on the portfolio value. The study also examines …

[PDF][PDF] Opportunities and risks in the financial index market

L GRILLET-AUBERT - AMF Reports, 2020 - amf-france.org
Financial indices are playing an increasingly important role. Trillions of euros of assets
under management of financial products are linked to them, and this continues to rise. They …

[BOOK][B] Reconciling tev and var in active portfolio management: A new frontier

R Lucchetti, M Nicolau, G Palomba, L Riccetti - 2022 - docs.dises.univpm.it
This article investigates the risk-return relationship of managed portfolios when two risk
indicators, the Tracking Error Volatility (TEV) and the Value-at-Risk (VaR), are both …

[PDF][PDF] Robo-Advisors and Human Financial Advisory (titolo provvisorio)

L Tonon - 2023 - dspace.unive.it
In a financial and social context characterized by growing inflation, high living costs, and
deep uncertainty about the future, a correct and forward-thinking utilization and …

Liquidity Commonality with Factor Models

E Garcia III - 2022 - search.proquest.com
Market microstructure research has recently devoted attention to a phenomenon called
commonality in liquidity. In this dissertation, I will analyze commonality in liquidity using a …

[PDF][PDF] The Implications of Passive Investing on Market Volatility and Efficiency

LM Larsen - projekter.aau.dk
The paper seeks to investigate the influence of growing volumes in passive index funds on
market volatility and efficiency in the United States. Existing literature strongly asserts that …

The Only Sure Alpha: Tax-Motivated Trading and Price Efficiency

H Nadler - Available at SSRN 3672831, 2020 - papers.ssrn.com
This article addresses how tax rules shape price discovery in financial markets. Price
discovery, the process by which new information about the fundamental value of an asset is …

[PDF][PDF] Does Active Management Beat the Market? Evidence from Italy

N Zorich, G Cardullo - Journal of Finance and Investment Analysis, 2020 - scienpress.com
In this paper we analyze a sample of sixteen actively managed equity mutual funds of the
Italian market in the period 2008-2017 to test if they have been able to beat the market. We …