Author name: Patricia Ponce

Fabrizio Core
Review of Finance, Volume 28, Issue 4, July 2024, Pages 1383–1418,

This paper documents the existence of an intensive margin of the gender gap in innovative entrepreneurship in Italy. I document that, compared to men, not only do fewer women select into innovative entrepreneurship, but those who do hold less equity, make smaller investments, and are less likely to assume executive roles.… Read more...

Female innovative entrepreneurship and maternity risk Read More »

David Hirshleifer, Yushui Shi, Weili Wu
Review of Finance, Volume 28, Issue 4, July 2024, Pages 1275–1310,

Past research highlights a tension between analysts’ jobs delivering public information to the market versus delivering private information to their clients. On the one hand, analysts often issue overly optimistic stock recommendations to generate trades from a large audience of retail investors (e.g.,… Read more...

Do Sell-Side Analysts Say “Buy” While Whispering “Sell”? Read More »

Jess Cornaggia, Matthew Gustafson, Jason Kotter, Kevin Pisciotta
Review of Finance, Volume 28, Issue 4, July 2024, Pages 1245–1273,

The choice to go public is arguably the most important and impactful decision firms make in their corporate lives. On their path to an IPO, firms connect with and contribute to their local community in many ways, sometimes growing to be one of the most important companies in their local economy.… Read more...

Initial public offerings and the local economy: Evidence of crowding out Read More »

Elena Asparouhova, Peter Bossaerts, Xiaoqin Cai, Kristian Rotaru, Nitin Yadav, Wenhao Yang
Review of Finance, Volume 28, Issue 4, July 2024, Pages 1215–1244,

The study explores the impact of algorithmic trading on the emergence of bubbles in financial markets, utilizing a controlled experimental setting, and for the first time, allowing participants full control over the trading robots they choose.… Read more...

Humans in Charge of Trading Robots: The First Experiment Read More »

Alexandre Garel, Arthur Romec, Zacharias Sautner, Alexander F Wagner
Review of Finance, Volume 28, Issue 4, July 2024, Pages 1151–1186,

Biodiversity, the variety of living organisms in all habitats, is deteriorating at an unprecedented and alarming rate. Given the potentially dramatic financial consequences of the loss of biodiversity, firms, investors, and financial market regulators are increasingly paying attention to the topic.… Read more...

Do Investors Care About Biodiversity Read More »

Fresh air eases work—the effect of air quality on individual investor activity
Steffen Meyer and Michaela Pagel
Review of Finance, Volume 28, Issue 3, May 2024, Pages 1105–1149,

Globally, air pollution is linked to millions of premature deaths, and recent evidence suggests that it affects productivity, cognitive function, and performance in physically demanding jobs.… Read more...

Fresh Air Eases Work – The Effect of Air Quality on Individual Investor Activity Read More »

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