Search Results - "Novy, Robert"

Model Comparison with Transaction Costs by DETZEL, ANDREW, NOVY‐MARX, ROBERT, VELIKOV, MIHAIL

“…ABSTRACT Failing to account for transaction costs materially impacts inferences drawn when evaluating asset pricing models, biasing tests in favor of those…”
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Hot and Cold Markets by Novy-Marx, Robert

“…This article considers why housing market conditions, including the ratio of buyers to sellers, expected time‐to‐sale and transaction prices are sensitive to…”
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An Equilibrium Model of Investment Under Uncertainty by Robert Novy-Marx

“…We analyze the optimal investment decisions of heterogeneous firms in a competitive, uncertain environment, characterizing firms' investment strategies…”
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Public Pension Promises: How Big Are They and What Are They Worth? by NOVY-MARX, ROBERT, RAUH, JOSHUA

“…We calculate the present value of state employee pension liabilities using discount rates that reflect the risk of the payments from a taxpayer perspective. If…”
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Genetic modification of a baculovirus vector for increased expression in insect cells by Hitchman, Richard B, Possee, Robert D, Crombie, Andrew T, Chambers, Adam, Ho, Kim, Siaterli, Evangelia, Lissina, Olga, Sternard, Heather, Novy, Robert, Loomis, Kathryn, Bird, Louise E, Owens, Raymond J, King, Linda A

“…Generating large amounts of recombinant protein in transgenic animals is often challenging and has a number of drawbacks compared to cell culture systems. The…”
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The other side of value: The gross profitability premium by Novy-Marx, Robert

“…Profitability, measured by gross profits-to-assets, has roughly the same power as book-to-market predicting the cross section of average returns. Profitable…”
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InsectDirect System: rapid, high-level protein expression and purification from insect cells by Loomis, Kathryn H, Yaeger, Keith W, Batenjany, Michael M, Mehler, Mark M, Grabski, Anthony C, Wong, Shou C, Novy, Robert E

“…A fundamental challenge in high-throughput (HT) expression screening is to rapidly identify the appropriate expression system for many targets in parallel…”
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A Taxonomy of Anomalies and Their Trading Costs by Novy-Marx, Robert, Velikov, Mihail

“…We study the after-trading-cost performance of anomalies and the effectiveness of transaction cost mitigation techniques. Introducing a buy/hold spread, with…”
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Betting against betting against beta by Novy-Marx, Robert, Velikov, Mihail

“…Frazzini and Pedersen’s (2014) Betting Against Beta (BAB) factor is based on the same basic idea as Blacks’(1972) beta-arbitrage, but its astonishing…”
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Predicting anomaly performance with politics, the weather, global warming, sunspots, and the stars by Novy-Marx, Robert

“…Predictive regressions find that the party of the US president, the weather in Manhattan, global warming, the El Niño phenomenon, sunspots, and the…”
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Operating Leverage by Novy-Marx, Robert

“…I derive and test implications of the operating leverage hypothesis for the cross-section of expected returns. Using a novel measure of operating leverage, I…”
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InsectDirectTM System: Rapid, High-level Protein Expression and Purification from Insect Cells by Loomis, Kathryn H., Yaeger, Keith W., Batenjany, Michael M., Mehler, Mark M., Grabski, Anthony C., Wong, Shou C., Novy, Robert E.

“…A fundamental challenge in high-throughput (HT) expression screening is to rapidly identify the appropriate expression system for many targets in parallel…”
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Extraction and Purification of Proteins from E. Coli without Harvesting Cells by Grabski, Anthony, Drott, Don, Handley, Mark, Mehler, Mark, Novy, Robert

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Is momentum really momentum? by Novy-Marx, Robert

“…Momentum is primarily driven by firms' performance 12 to seven months prior to portfolio formation, not by a tendency of rising and falling stocks to keep…”
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Comparing Cost-Mitigation Techniques by Novy-Marx, Robert, Velikov, Mihail

“…This article compares the efficacy of three common transaction-cost-mitigation techniques: limiting a strategy to cheap-to-trade securities, rebalancing a…”
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The Revenue Demands of Public Employee Pension Promises by Novy-Marx, Robert, Rauh, Joshua

“…We calculate increases in contributions required to achieve full funding of state and local pension systems in the United States over 30 years. Without policy…”
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The Liabilities and Risks of State-Sponsored Pension Plans by Novy-Marx, Robert, Rauh, Joshua D.

“…As of December 2008, state governments had approximately $1.94 trillion set aside in pension funds for their employees. How does the value of these assets…”
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Reversals and the Returns to Liquidity Provision by Dai, Wei, Medhat, Mamdouh, Novy-Marx, Robert, Rizova, Savina

“…Different aspects of liquidity impact the performance of short-run reversals in different ways, consistent with the predictions of microstructure models…”
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Logical Implications of the GASB's Methodology for Valuing Pension Liabilities by Novy-Marx, Robert

“…The marginal valuation of assets can be negative under the Governmental Accounting Standards Board's methodology for valuing pension liabilities. In such…”
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Linking benefits to investment performance in US public pension systems by Novy-Marx, Robert, Rauh, Joshua D.

“…This paper calculates the effect that introducing risk-sharing during either retirement or the working life would have on public sector pension liabilities. We…”
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