Investors have long held that expected excess returns – or risk premia – vary significantly over time. But there is yet a consensus for why that remains the case or whether increases in risk premia spell good or bad news for investors.
But new research from Maryland Smith’s Serhiy Kozak sheds some light.
New research from the University of Maryland’s Robert H. Smith School of Business pioneers a way to sift through the thousands of active mutual funds to winnow them down to a set of the best ones to invest in.
Would the world’s major multinational, publicly traded firms have an advantage across the developing world over privately owned rivals? It’d be easy to assume so. Access to capital alone, one might think, would give those larger corporations the upper hand.
Not so, says new research from Maryland Smith’s Pablo Slutzky. And the reason why is a bit surprising.
Response Times Range from 9 Minutes to 5 Days
Speed matters on Wall Street, but information processing delays can range from 9 minutes to nearly five days when news triggers a revised earnings estimate for a publicly traded company. Research from the University of Maryland’s Robert H. Smith School of Business explains the range in revision processing times and confirms the value of companies that collect information from individual analysts and distribute consensus estimates to investors.
