Program Title: Exotic funds and the cross-section of stock returns Presenter: Soohun Kim (KAIST) Abstract : Investment strategies of active funds vary in their reliance on characteristics versus exotic stock selection rules. We propose a simple machine learning methodology for estimating a strategy's reliance on characteristics or exotic selections. We find stocks held by funds with more […]

Title: Inside the mind of expected stock returns Presenter: Byoung-Hyoun Hwang (Nanyang Technological University) Abstract:  We consider buy recommendations written on stocks with firm characteristics that prior literature shows predict low returns. We conduct textual analysis and test whether the justifications provided in the buy recommendations are most congruent with a risk framework, investor exuberance, or preference […]

Program Title: The Unintended Consequences of Post-Disaster Policies for Spatial Sorting Presenter: Eunjee Kwon (at University of Cincinnati) Discussant: Chamna Yoon (at KAIST) When: 8pm in Eastern time on 11/30 Tuesday (9am in Korea time next day) The virtual seminar will be placed at: https://oklahoma.zoom.us/j/92501290114?pwd=WmRWZ3NQSkxzc1BnNGRKRStUTEpOUT09 Meeting ID: 925 0129 0114 Passcode: 05879608

Speaker: Choongryul Yang(Federal Reserve Board of Governors) Title: Selection in Information Acquisition and Monetary Non-Neutrality https://wustl.zoom.us/j/96187478430?pwd=ZXVXTms4eC9VOC85M0FlNStwRzFYZz09 Meeting ID: 961 8747 8430 Passcode: 846836 If you have any questions about this seminar, please contact Professor Yongseok Shin (yshin@wustl.edu).