Using 2014 US nonmetropolitan county‐level data, we explore the relationship between
broadband speeds and business startup rates. Rural development policy discussions have …

Moreira and Muir question the existence of a strong risk‐return trade‐off by showing that
investors can improve performance by reducing exposure to risk factors when their volatility …

The author decomposes the variance of stock returns into a fundamental component,
proxied by the variance of their earnings; a behavioral component, proxied by the price-to …

Asset allocation and portfolio decisions are at the heart of money management and draw
great attention from both academics and practitioners. In addition, the segmentation of fund …

This paper develops an innovative regime switching multi-factor model accounting for the
different regime switching behaviors in the systematic and idiosyncratic components of asset …

Factor investing has gained popu-larity among investors because it enables them to access
well-known risk premiums in the equity market, in a transparent and rule-based way. By …

That low volatility stocks outperform high volatility stocks over the long run is a relatively well-
established empirical fact, extensively documented in academic literature and for which …