Is Default Risk Priced in Equity Returns?

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Securitization and Credit Quality

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Banks are usually better informed on the loans they originate than other financial intermediaries. As a result, securitized loans might be of lower credit quali

The Relative Volatility of Commodity Prices

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This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United Sta

Pay Without Performance

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The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this

Catalysis without Precious Metals

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Written for chemists in industry and academia, this ready reference and handbook summarizes recent progress in the development of new catalysts that do not requ