It is well known that firms with low price to earnings ratios (value firms) earn higher stock returns in the long term than high price to earnings firms (growth firms). This study investigates how insider ownership affects this relation. We show that when insider ownership is high, returns decline for...
We find that increases in implied market volatility (a proxy for market fear) have a significant impact on returns of bank stocks, above and beyond systematic risk proxied by the expected excess market return during a bad economic regime. Large bank returns are favorably affected by increases in implied market...
Many low-income and first-generation community college students face disproportionate challenges in their quest for a college education. They typically balance multiple outside obligations, while being solely responsible for making these decisions without adequate knowledge, guidance, or support (Lyons, 2004). Many students begin college without ever having been responsible for their...