Search Results - "Spatt, Chester"

Big Data in Finance by Goldstein, Itay, Spatt, Chester S, Ye, Mao

“…Big data is revolutionizing the finance industry and has the potential to significantly shape future research in finance. This special issue contains papers…”
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A Tale of Two Crises: The 2008 Mortgage Meltdown and the 2020 COVID-19 Crisis by Spatt, Chester S

“…The causes and consequences of the 2008 mortgage meltdown and 2020 COVID-19 crisis are quite different: the 2008 mortgage meltdown reflected infection of the…”
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Proxy Advisory Firms, Governance, Market Failure, and Regulation by Spatt, Chester S.

“…Abstract Proxy advisory firms developed due to market failures underlying voting and corporate governance more broadly. However, these firms, which have not…”
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Conflicts of Interest in Asset Management and Advising by Spatt, Chester S

“…This review addresses, from a unified perspective, the important role of conflicts of interest in various facets of asset management and advising, including…”
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Equilibrium Asset Pricing and Portfolio Choice Under Asymmetric Information by Biais, Bruno, Bossaerts, Peter, Spatt, Chester

“…We analyze theoretically and empirically the implications of information asymmetry for equilibrium asset pricing and portfolio choice. In our partially…”
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Security Market Manipulation by Spatt, Chester

“…This article uses a variety of contemporary developments to address artificial market pricing and market manipulation. It examines a variety of modern trading…”
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The Controversy over Proxy Voting: The Role of Fund Managers and Proxy Advisors by Boot, Arnoud, Krahnen, Jan, Senbet, Lemma, Spatt, Chester

“…In this statement, we assess the role and power of proxy advisors and asset managers in corporate governance in a market that is characterized by a limited…”
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Interim News and the Role of Proxy Voting Advice by Alexander, Cindy R., Chen, Mark A., Seppi, Duane J., Spatt, Chester S.

“…This article examines the information content and consequences of third-party voting advice that arrives as news at an interim stage in corporate proxy…”
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Market microstructure: A survey of microfoundations, empirical results, and policy implications by Biais, Bruno, Glosten, Larry, Spatt, Chester

“…We survey the literature analyzing the price formation and trading process, and the consequences of market organization for price discovery and welfare. We…”
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Imperfect Competition in Financial Markets: An Empirical Study of Island and Nasdaq by Biais, Bruno, Bisière, Christophe, Spatt, Chester

“…The competition between Island and Nasdaq at the beginning of the century offers a natural laboratory to study competition between and within trading platforms…”
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Equilibrium Forward Curves for Commodities by Routledge, Bryan R., Seppi, Duane J., Spatt, Chester S.

“…We develop an equilibrium model of the term structure of forward prices for storable commodities. As a consequence of a nonnegativity constraint on inventory,…”
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Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing by Dammon, Robert M., Spatt, Chester S., Zhang, Harold H.

“…We investigate optimal intertemporal asset allocation and location decisions for investors making taxable and tax-deferred investments. We show a strong…”
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Discussion of “Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation” by Spatt, Chester

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An Empirical Analysis of the Limit Order Book and the Order Flow in the Paris Bourse by BIAIS, BRUNO, HILLION, PIERRE, SPATT, CHESTER

“…As a centralized, computerized, limit order market, the Paris Bourse is particularly appropriate for studying the interaction between the order book and order…”
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Price Discovery and Learning during the Preopening Period in the Paris Bourse by Biais, Bruno, Hillion, Pierre, Spatt, Chester

“…Before the opening of the Paris Bourse, traders place orders and indicative prices are set. This offers a laboratory to study empirically the tâtonnement…”
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Opacity, Credit Rating Shopping, and Bias by Sangiorgi, Francesco, Spatt, Chester

“…We develop a rational expectations model in which an issuer purchases credit ratings sequentially, deciding which to disclose to investors. Opacity about…”
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Optimal Consumption and Investment with Capital Gains Taxes by Dammon, Robert M., Spatt, Chester S., Zhang, Harold H.

“…This article characterizes optimal dynamic consumption and portfolio decisions in the presence of capital gains taxes and short-sale restrictions. The optimal…”
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An Informal Perspective on the Economics and Regulation of Securities Markets by Spatt, Chester S

“…This review uses an economic lens to offer perspectives on securities regulation. We discuss several motives for regulation and highlight some facets of…”
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Bid-Ask Spreads, Trading Networks, and the Pricing of Securitizations by Hollifield, Burton, Neklyudov, Artem, Spatt, Chester

“…The Financial Industry Regulatory Authority began collecting transaction data from brokerdealers in 2011 as a step toward enhancing its understanding of…”
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Taxes and Investment Choice by Dammon, Robert M, Spatt, Chester S

“…Taxes have a first-order effect on investors' trading decisions and portfolio choices and on the equilibrium pricing of assets. In this review, we investigate…”
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