http://hdl.handle.net/2451/25922 2026-04-10T05:15:13Z 2026-04-10T05:15:13Z Walter, Ingo Lipshitz, Clive http://hdl.handle.net/2451/61490 2020-09-22T04:39:44Z 2020-01-01T00:00:00Z

Title: US and Canada Public Pension System Data 2008-2018 Authors: Walter, Ingo; Lipshitz, Clive Description: This dataset comprises eleven years of historical data (2008 through 2018) for the 25 largest U.S. public pension plans and the ten largest Canadian public pension plans.

2020-01-01T00:00:00Z Gupta, Arpit http://hdl.handle.net/2451/40067 2017-09-18T17:58:42Z 2017-09-12T00:00:00Z

Title: Leverage, Default, and Mortality: Evidence from Cancer Diagnoses Authors: Gupta, Arpit

2017-09-12T00:00:00Z Gupta, Arpit Kunal, Sachdeva http://hdl.handle.net/2451/38717 2017-06-08T02:38:38Z 2017-06-07T00:00:00Z

Title: Skin or Skim? Inside Investment and Hedge Fund Performance Authors: Gupta, Arpit; Kunal, Sachdeva Abstract: Using a comprehensive and survivor-bias free dataset of U.S. hedge funds, we document the role that inside investment plays in managerial compensation and fund performance. We find that funds with greater investment by insiders outperform funds with less "skin in the game" on a factor-adjusted basis; exhibit greater return persistence; and feature lower fund flow-performance sensitivities. These results suggest that managers earn outsize rents by operating trading strategies further from their capacity constraints when managing their own money. Our findings have implications for optimal portfolio allocations of institutional investors and models of delegated asset management.

2017-06-07T00:00:00Z Davila, Eduardo Parlatore, Cecilia http://hdl.handle.net/2451/38631 2017-05-12T14:59:21Z 2017-04-01T00:00:00Z

Title: Trading Cost and Informational Efficiency Authors: Davila, Eduardo; Parlatore, Cecilia Abstract: ​We study the effect of trading costs on information aggregation and acquisition in financial markets. For a given precision of investors' private information, an irrelevance result emerges when investors are ex-ante identical: price informativeness is independent of the level of trading costs. This result holds for quadratic, linear, and fixed trading costs in competitive and strategic environments. When investors are ex-ante heterogeneous, trading costs reduce (increase) price informativeness if and only if investors who disproportionately trade on information are more (less) elastic than investors who mostly trade on hedging. Through a reduction in information acquisition, trading costs reduce price informativeness.

2017-04-01T00:00:00Z