The social networks of voters have been shown to facilitate political cooperation and
information transmission in established democracies. These same social networks …

Can voters in clientelist countries be swayed by programmatic promises? Results from a
structural model and a field experiment disseminating candidate policy platforms in …

Combining many cross-sectional return predictors (for example, in machine learning) often
requires imputing missing values. We compare ad-hoc mean imputation with several …

We use empirical Bayes (EB) to mine data on 140,000 long-short strategies constructed from
accounting ratios, past returns, and ticker symbols. This" high-throughput asset pricing" …

By analyzing portfolio holdings, we find that a significant subset of hedged mutual funds
(HMFs) and smart‐beta exchange‐traded funds (ETFs) tilt their portfolios toward well‐known …

We find that equity loan fees, which have been largely ignored by the anomalies literature,
are the best predictor of cross-sectional returns. When compared with 102 other anomalies …

Factor performance is highly sensitive to the number of stocks composing its long and short
basis portfolios. We examine three methodological choices that have an impact on portfolio …

Mining 29,000 accounting ratios for t-statistics over 2.0 leads to cross-sectional predictability
similar to the peer review process. For both methods, about 50% of predictability remains …

We investigate changes in analysts' accrual-related forecast optimism after the
disappearance of the accrual anomaly. We find that such optimism persists in the no …

We investigate the causal impact of short-sale constraints on market anomalies by analyzing
a comprehensive set of 182 anomalies. Our approach leverages a persistent, robust, and …