Insider Investor and Information

Ehsan Azarmsa,Ehsan Azarmsa, Lin William Cong (叢林)   Aug 18,2017

Relationship financing of innovative projects, as is common in bank lending and venture capital, features incumbent financiers' observing interim information... Read More

Rise of Factor Investing: Asset Prices, Informational Efficiency, and Security Design

Douglas Xu, Douglas Xu, Lin William Cong (叢林)   Dec 30,2016

We model financial innovations such as Exchange-Traded Funds, smart beta products, and many index-based vehicles as composite securities that facilitate... Read More