Is there a pattern in how COVID-19 has affected Australia’s stock returns?

How Increased Competition from Generic Drugs Has Affected Prices and Returns in the Pharmaceutical Industry

How Has Globalization Affected Inflation?

market economies has remained remarkably subdued over the past two years despite a significant rise in commodity prices, strong growth, and a broadly accommodating monetary policy stance in the major currency areas. Is this situation sustainable or does it foreshadow unwelcome inflation surprises in the near future? Some analysts have argued that low and stable inflation reflects more intense g...

Exposed and Trapped: How COVID-19 is Deepening Multidimensional Poverty for Vulnerable Populations

This letter describes the results of the authors' investigations and conclusions regarding the onset of the COVID-19 pandemic and its impact on the multidimensional poverty of vulnerable populations.

Is There a Relation Between Downside Risk and Expected Stock Returns?•

This paper examines the intertemporal relation between downside risk and expected stock returns. Value at risk (VaR), expected shortfall, and tail risk are used as measures of downside risk to determine the existence and significance of a risk-return tradeoff for several stock market indices. We find a positive and significant relation between downside risk and the portfolio returns on the NYSE...

R&D and Stock Returns: Is There a Spill-Over Effect?

We examine the externality effects of R&D investments. We find that firms’ future operating performance is positively related to industry peers’ (all peer firms, or R&D leaders in the industry) R&D expenditures. Firms also tend to experience positive abnormal returns following industry peers’ high R&D expenditures. This suggests that the market not only under react to a firm’s own R&D investmen...