Found 3 article(s) for author 'Markets'

Cloaked Trading

Cloaked Trading. Lauren Cohen, Christopher Malloy, January 17, 2017, Paper, “Using a novel, proprietary database of micro-level trading activities by asset managers, we show strong evidence of asset managers engaging in strategic trading in order to “cloak” their most valuable trades. This takes the form, for instance, of a manager who sells her entire position of Microsoft on March 30, and then repurchases to re-establish the same position on April 1. This manager will economically be holding the same position throughout, yet without having to publicly signal this position. These cloaked trades earn an abnormal return of 370 basis points in the following month, or over 36% per year.Link

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Selection and Market Reallocation: Productivity Gains from Multinational Production

Selection and Market Reallocation: Productivity Gains from Multinational Production, Laura Alfaro, September 2014 , Paper, “Quantifying the productivity gains from multinational production has been a vital topic of economic research. Positive productivity gains are often attributed to within-firm productivity improvements due to positive spillovers from multinational to domestic firms. An alternative, less emphasized explanation is between-firm selection and market reallocation, whereby competition from multinationals leads to factor reallocation andthe survival of only the most productive domestic firms…” Link

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Law and the Economy of Early America: Markets, Institutions of Exchange, and Labor

Law and the Economy of Early America: Markets, Institutions of Exchange, and Labor. Christine A. Desan, 2013, Book Chapter. “This chapter contains sections titled: Progress Narratives and Their Radical Critique in Law, Consumption and Commodity Studies, Institutions of Exchange, The Ambiguous Place of Labor…” May require purchase or user account. Link Verified October 11, 2014

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