For many firms, the acquisition process begins with the development of an acquisition plan
that is communicated to investors. We construct a comprehensive sample of acquisition …

MiFID II requires EU-based asset managers to separate payments for research from
execution costs in trading commissions. Under this unbundling rule, asset managers must …

This study investigates the performance of Environmental, Social, and Governance (ESG)
mutual funds compared to conventional funds in the Indian financial market. The objective is …

This paper examines mutual funds' dual role as both clients and shareholders of broker
banks. Mutual funds are more likely to hold and significantly overweight stocks of their …

We examine an information market with endogenous sell-side and buy-side research. In
equilibrium, buy-side (sell-side) analysts specialize in high (low) precision-cost ratio …

Utilizing commission data from a large sample of institutional investors, we examine investor
reactions to scandals involving broker-operated dark pools. When a breach of trust becomes …

We explore the mechanism through which analyst industry expertise facilitates analysts'
forecasting performance. Utilizing a unique dataset of industry-specific Key Performance …