A Blueprint for a Better Stock Exchange
With the transformation of asset markets over the past two decades, ‘flow trading’ could offer a more flexible and fairer way to trade.
A Blueprint for a Better Stock ExchangeHow investment funds disguise underperformance
Equity mutual funds artificially boost their dividend yields to attract more investors.
‘Juicing’ is costly to investors.
Lawrence E. Harris, Samuel Hartzmark, and David H. Solomon, “Juicing the Dividend Yield: Mutual Funds and the Demand for Dividends,” Journal of Financial Economics, forthcoming.
With the transformation of asset markets over the past two decades, ‘flow trading’ could offer a more flexible and fairer way to trade.
A Blueprint for a Better Stock ExchangeThe growth of privately held businesses has some regulators and policy makers pondering whether to push for more financial transparency.
Is the US Economy ‘Going Dark’?According to the inelastic markets hypothesis, the reason involves fund flows and investor demand.
Why Are Financial Markets So Volatile?Your Privacy
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