Maryland Smith’s Serhiy Kozak Wins Journal of Financial Economics Best Paper Prize

Maryland Smith’s Serhiy Kozak won the 2020 Fama-DFA Prize for the best paper published in the Journal of Financial Economics in the area of capital markets and asset pricing. Kozak’s research, “Shrinking the Cross Section,” was published in the February 2020 issue of the journal.

Correcting the Course of Factor Models

Researchers have struggled with using characteristics-based factor models to summarize cross-sections of stock returns. Homing in on a few characteristics was seen as a potential solution. But new Maryland Smith research has other ideas.

Getting to the Bottom of Discount Rate Variation

New research is important for understanding which economic forces might move expected stock returns in the first place.

Why it Takes More Than Just Good Timing to Succeed in the Market

Some traders time the market, others look for signs to get the most bang for their buck. But what’s the best method? Both, says new research.

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